The Bismarck Tribune Newspaper, October 16, 1928, Page 2

THE BISM ARCK TRIBUNE 160,000 MARGIN ESTIMATED FOR G. 0. P. COUPLE Same Percentage Forecast as That Given Coolidge and Dawes Last Election FARM RELIEF ISSUE Indiana for Roover, Say Re- publicans; Tennessee and Kentucky Uncertain By GEORGE D. MANN Indianapolis, Ind., Oct. 9.—Hoosier liticians generally predict a com- Fortable majority in this state for the Hoover-Curtis ticket. A few weeks ago the most sanguine placed the majority at 300,000. This week, after a survey of the rural precincts, the leaders were inclined to pare | that figure in two and be satisfied with 150,000. Anyway Hoover’s stock is running high in Indiana, and if there is not & complete upset by November 6 this state should give the Republi- can presidential nominees practically what Coolidge and Dawes received four years ago. It is admitted that there are some bad spots in the rural sections where the Smith organization has been op- erating under the name of the Equality-for-Agriculture club. Smith headquarters have been established here in the English hotel, but no lit- erature has been sent out. The Dem- ocrats are seeking to capitalize rural disappointment over the failure of the Republican party to formulate an agricultural relief program. Such a drive is true over the entire corn wheat belt, and as one works his way toward the north, the style of campaign changes. Policies Differ In the South the plea is party loy- alty and sectional interest, but in the North the Democrats are preaching for votes in terms of farm relief. An examination of the primary vote of Senator James E. Watson «nd Hoover in Indiana revealed some anti-Hoover sentiment in rural coun- ties where political spellbinders have been preaching the merits of the McNary-Haugen bill. Some observers declare that the Smith ticket will show some strength in rural Indiana, but not enough to overcome the usual strong Republi- can majorities in presidential elec- tions. Speeches seeking to arouse the farmers of this section are being made by Mrs. Verna Hatch, who re- signed a position with the Indiana Farm Bureau federation to take the stump for-Al Smith. She has been telling the Hoosier farmers to for- get the religious and the liquor is- sues and vote f mith because his Praca on tre ief is more direct and more specific than that of Hoover. Depend on Popularity The Smith organization is depend- ing on the popularity of Frank C. Dailey; Democratic candidate for governor, to help the national ticket in the cities. But with every possible combina- tion the Smith organization has been able to make in Indiana, Republicans are not afraid. of the results. They claim the electoral vote of Indiana for Hoover beyond a doubt, and they also say Hoover has a_fighting chance in Tennessee and Kentucky. Returns of a straw vote taken in 24 cities and villages of Indiana give Hoover 1,609 and Smith 1,118. An analysis of the vote shows that Smith made some surprising gains in northern Indiana, where the wet eeeenent is strong and where a ivy vote is cast by foreign-born citizens. This is especially illustrated by the straw vote in Gary, Ind. UTHERANS LAY MEETING PLANS _, Finley, N. D., Oct. 16.—(AP)— kers from many parts of the state will address delegates to the nual convention of the North Da- fete Lutheran Sunday School asso- ition here October 21 to 23. convention will be held in con- mn with the celebration of the y-fifth anniversary of the Fin- Lutheran church, Rev. David “There, now, isn’t that | SIDE GLANCES - - - - eorge Clark positively tantalizing?” Program Launched to Place Every Woman in Right Vocational Position New York, Oct. 16.—(AP)-+How many doctors, lawyers, farmers, electrical engineers, undertakers— not to mention tearoom proprietors and followers of the more hackneyed vocations — are there in the mem- bership of the National Federation of Business and Professional Wo- men’s Clubs? That is what a young secretary is working on, a classified voca- tional file of business and profes- sional women. The preparation of a card index file of the more than 51,000 mem- bers of the organization is only one step in the vocational program the federation has launched, a pro- gram whose object is to remove the round pegs from the square holes of business and to put ever woman in the right vocational nich Miss Frances Cummings of New York, educational secretary of the federation, directs this program. She is beginning a study of the facilities for vocational guidance in the nearly 1,000 communities in which the federation has clubs. It will even take into account the number and type of vocational books in the libraries of the communit; Where such books are not available through the public libraries the in- dividual clubs will be urged to start vocational libraries of their own, and will be provided with a sug- gested “business woman’s five-foot shelf.” : Headquarters also will provide club members with the names of vocational guidance experts in their communities to whom they may take their problems. : 4 Superseding all these projects’ in importance will be the compilation of returns from a survey of feder- ation members during the past two years by experts of the University of Michigan School of Business Ad- ministration. Different phases of the business woman’s life—her edu- cational preparation, her changes in salary and business status, the num- ber of dependents she has, the amount of money she saves, the provision she has made for the fu ation. The survey will even answe the question whether business wo- men choose their own vocations or have them thrust upon them. FIVE INDICTED BY GRAND JURY »_ Fargo, president of the Dakota district of the Nor- in Lutheran church, said today. * rong, the speakers will be the -.. - Boe, pastor of the Finley h ; Dr. J. Tanner, Luther Theo- I seminary, St. Paul, Min |. C. Berkelo, State Teachers col- Mayville; and the Rev. H. S. E Mayville. «Officers of the association are the David Stoeve, Fargo, president; |. W. Johnshoy, Concordia col- » Moorhead, Minn., executive ty; Rev. M. O. Ensbe Reynold recording secretary. fe IN BANK PROBE (Gontinned fiom nage one) of the men indicted had been actual- ly taken into custody, but all of them were understood to know of the grand jury’s action. ‘When it pt the Bismarck Bank was the oldest financial insti’ution in North Dakota, the charter of the marck bank by a change of name, dating to early territorial days. Assets Were Frozen i [ Weather Report | perature at 7 a.m te: Its collapse followed a long period in which -esets became frozen, its reserve depleted and its assets | diminished. Although nc mention was made of the bank case in the petition of i that the fedge here that the petition wa; Blicpeegd largely by persons Ww lost money in the bank and that the bank case would be con- give bond, it was indicated. None; bank which later became the Bis-, BUSINESS AND PROFESSIONAL WOMEN PLANNING NATIONAL ENTRY SURVEY statement by the .grand jury that |they believe there is reason to bring |thee defendants to trial, it was pointed out. | All of the cefendants in the bank lease were understood to have re- tained counse’ to represent them at |the court proceedings tcmorrow at |which bonds will be fixed. In the | regular course o things the cases | would be set for trial at the Novem- ber term of the Burleigh county district court at which Judge J. A. |Coffey of Jamestown will preside. Although the indictments were returned by the grand jury Satur- day that body reported that it had |not finished its work and asked for additional time to complete it, the |statutes limiting a grand jury ses- jsion to 10 working days. In com- pliance with -this request Judge |Jansonius granted five more days for the jury to complete its work. |It will reconvene on November 13. | The next term of Burleigh county ict court will be held in Novem- with Judge J. A. Coffey, James- town, presiding. It is possible that the cases of the bankin~ officials will be tried at that time. Ninety witnesses were called be- fore the grand jury in connection with the bank official indictments, the papers indicate. Three Corn Shows in Emmons County Three corn shows will be held in Emmons county the latter part of this month. Commercial clubs in each of the three towns where the expositions will be staged are printing posters and handbills and distributing them throughout the state. Dates and places of the shows follow: October 20, Strasburg. October 27, Hazelton. October 30, Braddock. | The United States is the largest | producer of sole leather in the world. Canada, the United Kingdom and Australia are the leading markets for cord and other tire fabrics. Combustion Cause of Benedict Prairie Fire | | | Minot, N. D. Oct, 16.—(P)—The jprairie fire he vicinity of Bene~ |dict, last week, which caused more than $15,000 damage to buildings and farm equipment on the William | Schmidt farm, was caused by spon- |taneous combustion; Fire Marshal E. J. Pepke, announced today following an investigation of the blaze. The combustion, Mr. Pepke said, was probably caused by mixing |green alfalfa hay with other hay in ‘the mow in the Schmidt 8. Marshal Pepke also announced th origin of the recent stubble fire jnear Turtle Lake, where he said, he had obtained a statement from Philip Zottnick, Turtle Lake farmer, that the fire startec from a match |Zottnick accidentally dropped. Foye Funeral Rites Set for Wednesday Steele, D., Oct. 16.—W. F. Foye, 81, pioneer resident of Steele, | will be buried from the Presbyterian church here at 2:30 p.m. tomorrow, it was announced > Interment will be made at the ind cemetery, Steele. Relatives of the man are expected to arrive here today. Besides his wife he leaves a son, G. F. Fi Minneapolis; W. P Fore: Foye, 5 Garbage Hauling at | Cattle, Hogs and Poultry An, WET WEATHER, LOW RETURN IS FARMER ENEMY Farmers Have Large Crops! But Small Cash Return, Speakers Tell Shippers N. D. HAS LARGEST CROP! swer to Farmers’ Problem, Gunkelman Says \ Duluth, Minn., Oct. 16.—(P)—Al- though North Dakota is just com- pleting threshing one of the largest crops of all time, several factors will prevent farmers from getting an appropriately large cash return for the crops, R. F. Gunkelman, Fargo, said here toda z Gunkelman was one of the prin- cipal speakers today at the fall meet- ing of the Northwest Shippers Ad- visory. Vice chairmen from North Dakota, Minnesota and Montana re- ported big yields generally, but that several factors, principally low prices, are keeping the farmer from reaping a financial harvest as great as is his return in terms of | ‘ai bushels of grain. “North Dakota is just completing the threshing of one of the largest crops of all grains the state has pro- duced. Gunkelman said, “Only twice has the state produced more wheat than in 1928. Other crops have been fair to good. Another favorable factor has been the even distribution of ghe crop. With the exception of a few badly hailed dis- tricts, almost every section in the state has an average crop. “In view of the above statements, it would appear that this season has been a very prosperous one for North Dakota farmers,” said Mr. Gunkelman. “But a number of fac- tors have an unfavorable bearing on the situation in the state. Rain Damages Grain “First of all the price of grain and potatoes is not satisfactory to the producer. Wet weather in large areas of the state damaged the grain, further reducing the price.” Mr. Gunkelman said there are large sections of the state where the rain crop is no longer responsible for the major portion of the farmer’s income, and that where cattle, hogs, and poultry are found, his position is much more favorable. Sheep and wool are factors, he said, and prices are favorable. Much corn has been grown in the southern part of the state, and this converted into beef and pork, will add much to | T! the farm income. Building in large and small com- munities of North Dakota is well ahead of last year, said Mr. Gunkel- man, and indications are for a big program during the winter and spring. New farm buildings are going up and repair of old buildings is quite noticeable. Combines, trucks and a large number of small threshers are speed- ing movement of grain from farm to market in North Dakota, he said. There are more country elevators filled to the limit today than at any time since 1918, he added, and rail- roads are taxed to the limit. Potato Price Poor Farm price for potatoes in Minne- sota and North and South: Dakota is the lowest since potatoes have been grown in large quantities in the territory, said Mr. Gunkelman in the report of the potato and vege- table committee. “In fact, the price could not be lower, as then the farmer could not afford to dig, for at present prices only actual labor and hauling ex- pense is taken care of. “Tt really is a serious situation for the farmer, when. 50,000,000 bushels of a product that is a necessity in every home, hardly pays for the labor necessary to take that prod- uct out of the ground, sack it, and load it on cars. “Not only does the farmer suffer, but business inthe producing sec- tions is slowed up, collections in the same area are affected, transpor- tation suffers, and the demand for labor is lessened.” Low prices have caused ware- houses to be filled, in the hope that higher prices will prevail later. Po- tato yields have been good generally, he said, but due to low prices, farm- ers are indifferent about saving the Crop. Without question a considerable acreage in Minnesota and North Da- kota will remain undug, he said. CRAFT HUDDLES IN HANGAR WITH U. S. DIRIGIBLES (Continued from nage one) escorted under guard to the custom room in the hai eg the ship was walked out onto the field again and attached to the submast near by the high mast. ~ There it swung, with a skeleton mandant withcut making a complete change of attire. CHICAGO TO GREET ZEPPELIN AIRMEN Chicago, Oct. 16.—()—Acting upon word from New York that Dr. ‘ugo Eckener, his staff and crew, would visit Chicago as soon as re- pairs are completed to the Graf Zep- pelin, a citizens’ committee today pushed plans for a great public wel- come to the men who brought the first transatlantic airship passen- gers safely to land. Soldier field will be used for a mass meeting honoring the sky sail- ors, and there will also be a public banquet. BAPTISTS PLAN ANTI-AL SMITH CHURCH MEETS Ministers Urged to Give Spe- cial Talks from Pulpits November 4 \ Grand Forks, N. D., Oct. 16.- —Appeal to the Baptist ministers of the state to preach special ser- mons en Noveiaber 4 with a view to defeating Aifred’E. Smith, Demo- i candidate, is con- etter sent cut by Rev. H. M. Wyrick, president of. the North Dakota Baptist state conven- tion, to all Baptist pastors in North Dakota. shen The letter was ‘prepared ‘by Rev. Wyrick at the direction of the state convention and sets forth the reasons why Baptist leaders’ are opposing Smith. Declaring that the presidential election brings to the front “the greatest moral issue” since Lincoln's emancipation proclamation, Wyrick said that Smith, the liquor candidate, elected president, prohibition will be set back a generation and we shall lose what has been won as a result of 100 years of temperance reform.” The letter asserts that “Hoover has unequivocally declared himself for prohibition. Smith has repu- diated the dry platform of his party and asserted that, if elected, he. will do all in his power to change the present prohibition law: gram will be one of nulli as president he can exert tremendous influence.” Smith Liquor Hero Developing this theory, Rev. Wy- rick pointed out the relationships of the presidency to the supreme court, congress and the law-enforcing ma- chinery of the government. Smith, the letter states, “is the hero of the liquor forces and the candidate of Il’ which has always id and protector of the Turning to the religious factor in the present campaign, the letter said: “Let us not be browbeaten by those who say our fight on Smith is inspired by religious bigotry and in- tolerance. The dominant issue is the protection of the American home and the childhood, motherhood and youth of our land from the corrupt, sinister forces in present-day politics which would bring back the greatest social evil that ever cast its blighting shadow upon our nation. “Nor must we pay the slightest heed to those who rave against the church and its ministers for ‘med- dling in politics.’ No one ever heard of the saloon keepers being nounced for mixing in_ politics, though in the old days the saloon was the rallying plaee of venal voters and a cesspool of civie cor- ruption. Such denunciations in the main are hypocritical cant.” After stating that he wrote the letter at the direction of the state convention, Rev. Wyrick suggests “to all Baptist pastors in North Da- kota that Sunday, November. 4, which ig world temperance Sunday, e used as a day of prayer and for the preaching of special sermons, bearing directly on the present na- tional election in its relation to tem- peranee and civic righteousness. lave. the Sunday school children carry word to their parents urging them to go to the polls to vote. People Urged to Vote “I further suggest that on Su: November, 4, some kind of service be arranged for all members of your congregation who have become of voting age since the last presidential election, and who for the first time will have the privilege of casting a ballot for the high office of presi- dency of the U. S. A list of all members of the church and congre- gation who have attained age since TEESE TTS CET OH eee yw fi Y ee oe TUESDAY, OCTOBER 16, 1928 Indiana Politicians Are Predicting Victory for Hoover and Curtis MARKETS ‘By Associated Press Leased Wire TURNS UPWARD ‘Quotation Strength at Liver- pool: Finds Sympathetic »,. Rise Here 2 Chi , Oct. 16.—()—Liberal exchanging of wheat future delivery. contracts today for seaboard account y12% MINNEAPOLIS CASH CLOSE inneapolis, Oct. 16.—(AP)— Wheat- receipts today 546 com- pared to 862-a-year ago: ~-Minnea} qed wheat aud oe grain clos! quotations today ‘01 = Gash Wheat sDelivered- Arrive 14%. Protein— 1 dark northern.... 126% @1.32% 1.24% @1.28% 1.22% @1.30% 117% @1.24% 1.17% @1.225% 1.18% @1.22% + 112% @1.14% + 1.12% @1.13% 1 dark northern. To arrive .. here, suggesting. heavier export busi- ness than cia ged, had’ bull- ish effect on.wheat. values. Besides, snowstorms’ an@ sleet in domestic wheat territory west were looked upon, as highly beneficial from a crop’ standpoint, moisture having been absent over a wide area for some time omit Helping ‘to lift the wheat market at times today were indications of increased call from Europe for wheat from North America. In this connection, as well as in connection with higher prices at Liverpool to- day than expected, the fact was noted that estimate; of the wheat crop in Italy shown nearly 8,000,000 bushels falling-off compared to latest previous figures. Talk was also current that the Chicago wheat market presents evidence of becom- ing easily oversold. A circumstance which appears to give warning against any aggressive bear pres- sure. ea Indications of corn export busi- ness of good sized proportions and of further rains unfavorabel for facilitating the crop \movement had an early bullish effegt today on the corn market, Besides, arrivals of ,|corn in Chicago today were unusual- ly scant. Only 36 cars all told. Be- ports were also at hand showing that shipments of stocker and feed- er cattle from 12 markets into the seven corn belt states for three months have been ~naterially in ex- cess of the total for the correspond- ing period last year. Corn average higher but the bulge checked by selling against offers. Trade was not large. Oats were dull but prices aver- aged slightly higher, owing to sympathy with other grain. Provisions became easier on scat- tered selling and as a result of a downward trend in hog values. WHEAT REMAINS NERVOUS TODAY Minneapolis, Minn., Oct. 16,— (AP)—Wheat turned nervous and erratic today after an early advance on strong cables and firmness - at Chicago and Winnipeg. Oats gained small fractions with corn. Receipts continued light and/ cash demand was tame. Rye ad- vanced with wheat at the start but fell back with trade narrow. Barley started firm and turned slow. Flax seed futures bulged one half at one cent and fell back below yesterday's close. Pit demand was quiet and scattered hedging was a weight. Cash wheat offerings were ample and the tone was mixed. High pro- tein spring wheat was quiet and about steadv. Elevator demand for average quality was somewhat bet- ter and 12.80 to 13.50 protein was firm ,to stronger. Poor, damaged quality was slow and draggy. Winter wheat. was in fair demand and steady. Durum was slow and draggy for milling qualities. Corn offerings were light and de- mand was a shade better. Oats were quiet to slow and the basis was easier. Milling demand for cash rye was quiet. : Barley was firm for malting with offerings moderate. Range was 51 to_67 cents, Flax seed was quiet and easy. ————_——— CHICAGO LIVESTOCK Chicago, Oct. 16.—(AP-U.S.D.A.) Hogs: 30,000. Mostly 10c to 15¢ lower than Monday's average. Bulk desirable 160-275 Ibs. 10.00@10.20. Top 10.20, Butchers, medium to ‘260-850 Ibs. 9.50@10.! Ibs. 9.25 0; 8.85@10.00-1 cking sows 8.50@9.40. Pigs, me+ ium to choice 90-180 Ibs. 8.50@9.65. 0] choice 2 dark northern... Grade of— 1 dark northern. To arrive .. 2 dark northern. Grade of— 1 northern ... To arrive .. 2 northern’ .. Montana Winter— 14% Protein— 1.10% @1.12% + 110% @1.12% 110%@ 1.08% @1.10% 1,10% @1.12% 1.105 ; 10861105 1.24% @1.26% 1.24% @1.25% 1.185% @1.19% 1.185% @1.19% 1.12% @1.13% 1.12%@ 1DHW or 1HW.... To arrive .. Minn. & So. Dal 12% Protein— 1DHW or 1HW. To arrive .. Grade of— 1DHW or 1HW. To arrive .. Durum— Choice 1 amber To arrive . 138% Protein— 2 amber Choice of 1 amber To arrive .. 12% Protein— 1.085% @1.12% 1.08%@ 1.125% Grade of 1 durur. Grade of 2 durum 1 red durum. To arrive yellow corn. yellow corn To arrive yellow corn mixed corn mixed corn To arrive mixed corn To arrive mixed corn 2 3 4 5 6 2 3 4 5 2 3 Barley, med t To arrive Barley, lower 221% @2.26% 2.20% @2.24% icago, Oct. — 1 Oren High Low Close 116Y, 1.17 1.15% 1.16% 121% 1.21% 1.20% * 1.28% 1.24% 79% 80% 82% 83 85% 85% March Ma: Dee. Rye— Dec. March May Oct. 1.01% 1.02 1.08% 1.045% 1.057; 1.07 11.95 11.95 11.95 12.95 12.05 1210 1.05% 11.90 Dec. Jan. Cattle: 8,000; calves, 3,000. Steer | Dec. trade dull, 25c lower; slow at de- cline; 5Q¢ to $1 under last week. Shipper*demand narrow. Most fed offerings 10,00@16.50, She stock | Dec. dull at’ recent decline. Slaughter classes: Steers, good and choice 1300-1500 Ibs. 14.00@17.50; 1100- 300 ‘Ibs. 14.00@17.75; 950-1100 Ibs. 1924 should be prepared, they should be given personal invitation to tend, asked to. sit together in ‘the church and given some special rec- ognition in the service.” Reiterating his admonition to the pastors to urge the people to vote and “to help them see clearly the nee are involved in Ge corns so they may vote t, Rew Wyrick asserted that this is their due as “prophets of God.” The letter states that he is planni special services for the recognition of voters who have recently attained crew aboard, until 3 o'clock this morning, wl a landing crew, routed: from its bunks, walked: the ship neatly into the hangar, where it stretched from end to end, a proud cock of the air, with the Los Angeles for its hen and the two klimps for her eggs. ZEP ‘CREW DOUSES ADMIRAL MOFFETT Lakehurst, N. J., Oct. 16.—()— A rear admiral in United States Bers a ee ee course, when a visiting yunding at the navy BS z : & tr ia s eet é wind died. Then | 4 ity, and formation to who asks for it. Hickman’s Father Would Cheat Gal.-. lows by Pleas offers to give aviy pastor CHICAGO POULTRY 5 16.) - | 850 Il lit ‘ing | 14.50@16.50; 14.25 vib commen laa tye aps .00, rear- He and: ch 7 950" Ibs. 14.50@17.75. a choice 850 Ibs. down 15@17.00; com! and medium 7.75@13.75. Cows, good and choice 8.75@11.75; common and. medium 7.00@8.75; low feat a shales’ (beet *.50@10 15; cutter to medium 6,75@9:25. Veal- ers (milk-t¢ and choice medium 13.00@14.50; cull and common 8.50@138.00. Stock- Bulls, | Dec. 13.10 Minneapolis, Oct 18-08) — nea po! » 16. h Wheat? igh Low Close 111% 1.12% 1.11% 1.18% 1.18% 1.18% 1.18% 1.18% "96% 93% 96 96% 1.00% 101 1.00% 1.01 its— 39 89% 39 30% 42 42% 41% 42 Oct. 224 224 2.21% 2.21 Dec. 2.28% 225% 228° 220% Mey 2.29 2.29% 2.25% 2.96 ley- $2 6% 61% 61% er and feeder steers, good and choice (all weights). Wil ee *"Gusep: 20000. Pat lambs open active, 1 ly sales and bids Mecan with Monday's best, asking 15c to 25c higher in vere Sheep about steady. Su western ewes fairly liberal” "Peeding lambs firm under bri genand. Lambs, 12. eyed me- medium to clojce 4.25@6.75; cull and common ee Feeder lambs, good and +42.50@18,50. ———— MINNEAPOLIS POTATOES ry Minn. he pe pciators? Moderate cine inquiry; demand slow; 00; common | Dec. 62 87 «67 = 66% 66% eee DULUTH RANGE Duluth, Minn.. Oct. 16) Open “High Low Close on 6 160 99% 1.00 Dec 101% 1.02% 1.01% 1.02% Bye— May 1.08% 1.09% 1.08% 1.09 "96% 97% 96% .96' Hy aoe 1.01% 100% bik Dec, ‘ Flax— Oct. Dec. May 2.26 , 226% 226% 229% 222% 229 289 226% 226% pec Be ust, CHICAGO CASH GRAIN No. 2 hard, 1.17 3 sam Corn—No. 8 mixed 94; No. 2 low 06 to 1.60 geo. $ wate tol Onts-“No. 2 white 43% to 4434. lo. 8 1.02%. Brigid to Wy: ! STOCK MA MOVES HIGHER More Than Two Score Issues Attain Record High Pricts in Advance New York, Oct. 16.—(AP)— Spurred on by recapitalization and favorable dividend rumors, the stock market continued its move to higher Saad today on a large volume of buying. More than two score issues, including General Motors, Montgom- ery-Ward, Union Carbide and Na- tional Cash Register, attained record high prices, the a ranging from 1 to nearly 10 points. Call money renewed at 7 1-2 per cent but a lowering of the rate to 6 is expected by bankers within the next few days, ors fd temporary stringency Was attributed‘to the semi-weekl; adjustment of the banks’ positions at ,the federal re- serve bank. Time money was more freely offered at 7 per cent. . Proposals for the formation of an oil export association under the Webb act, coupled with reports that Preliminary conferences looking to a world curtailment of production were © now under way, brought fresh buy- ing into the oil shares. Publication of excellent third quarter reports by the Tidewater association and White Eagle companies also stimulated the demand for that group. Mexican. Seaboard, Beason and Barnsdall A moved into new high ground and Pan-American B crossed 50 on a large turnover, lontgomery-Ward’s advance to new high ground at 306 coincided with the announcement of a proposed increase in capitalization, the offer- ing of two new shares for $17.50 each for each share now held and the retirement of the company’s bonds. National Tea jumped 5 points to 300, Case Threshing 6 1-4 to 403, Indus- trial Rayon 6 to 146, Victor Talking machine 5 3-4 to 129 1-2, General Motors 4 1-2 to 221 1-2, Mathieson Alkali 4 1-2 to 149 1-2 and Union Carbide 4 1-2 to 195 3-4, all new ee records, e brisk demand for General Motors was in expectation of a sub- stantial extra cash dividend at the directors’ meeting this month. One block of 10,000 shares changed hands at 220 followed by another block of 15,000 at the same price. American Linseed, Allied Chemical, Radio, U. 8. Industrial Alcohol, Johns Man- ville, National Bellas Hess and Bur- roughs Adding machine all sold 4 to 6 1-2 points higher. There were a few soft spots. G-wd- year, which ran up to a. new peak at 98 7-8 last week on buying in- fluenced by the interest attracted by the Graf ray pa flight, fell back 312 goin low last night’s close to 86 1-8. American Smelting dropped 2 points. nsas City southern end Rock Island moved to new highs in the railroad group, the former climbing 4 1-4 points to 66 1-4. SOUTH ST. PAUL LIVESTOCK South St. Paul, Oct. 16—(AP- U.S.D.A.)—Catt! 1, Steady with Monday's lower prices on most killing classes; few odd fed year- lings 15.50. Late sales range steers Monday included a number of cars of weighty offerings at 12.35 to 12.85. Bulk today salable 11.50 down. She stock largely '7.00 to heifers; cutters 5.50@5.65. Medium weight bulls 8.50, Stockers and feed- ers dull; few loads 11.00 down. Calves: 1,755, Steady to 50s higher. Good lights 14.50@15.00. Hogs: 8,000. Unevenly steady to 25c lower than Monday. Top 9.65 pie sparingly for closely sorted 0 ig svoy averages. Ik de- sirable lights and medium weights 9.60. Ordinary sows mostly 8.60 8.60; smooth butcher kinds 8.75: 9.00. Bulk piks, 120 founds down, ai Average cost Monday 9.35; it ). Sicep:.500. Little done early. about steady with monday. Sellers aakh fea ne best Fag) throw- .50 mostly; culls 10.00. Indications on ean ee erence ee jicago, }— (AP-U.S.D.A.) Potatoes: peveints 145 cars, on track 423 cars, total U. 8. shipments 840 cars. Trading slow, market dull, ‘isconsin sacked Round Whites 75 to 1.00; Minnesota and North Dakota sacked Round Whi Minnesota and North ites SB eel round Whites 85 to 1.00; sacked Red ,~ river Ohios 95 to 1.00; South Dakota sacked Early Ohios 85 to 95. , CHICAGO PRODUCE Chicago, 16.— (®) —Butter higher; receipts 10,531 tubs. Cream- ery: E; rds 43%, seconds 41 to 42%, Eggs unchatiged; receipts 7,047 cases. Cheese unchanged. Mi catia Get 16.— (AP) innea} is, — No. 1 dark northern 1.16 3-8 te 1.29 1-4. f Corn: No.4 yellow .95 to .7, No. 2 88 3-4. aes SSeS oSe \ C