Show SEC SECRETARY EARY ot I II IS QUTE OPTIMISTIC I Furnished by Harold R. R Smoot Co WASHINGTON Nov 1 Secretary I. of or the Treasury Treasury Mellon lelon said ald today that the business business busi busl ness nes outlook for the tha country had improved materially within the past pat few days daya and he expects expect to see a a. a resumption of ot activity within the near future The Tha reduction in I government go rates rate for money has ha contributed contributed contrib contrib- to the e general ra uplift a and altogether t I id ye the B secretary re y was n extremely optimistic t re regarding re- re News carding garding the Immediate future New N w w York I New York Nov 1 The I.-The Tha long expected reaction having materialized yesterday the preponderating opinion is I that that it will wi go further The Important thing thinK is i. that most good judges judge are agreed ared that tha it I. I a re reaction reaction re- re action and that the natural trend is toward acton higher prices price The bulletin of ot the federal reserve authorities issued in Washington last lat night refers refer to distinctly encouraging It Is these Indications business I I thee symptoms toms tom which are ae the controlling factors factor and ad while the trading calibre calbre of some seine me of the recent buying particularly In the oil 01 stocks tocks is Ie such that there can easily be a further shakeout We dont don't think it Is 1 time to get gel out of ot stocks you O really realy want for the pull Whelan Youngstown Ohio Nov 1 Trumbull Steel company is I preparing to start Us its I. I Liberty Liberty Liberty Lib Lib- erty plant at consisting of often often often ten tin tn plate late units unit unis These Thee mills mis have been Idle for over a year Dow Dow Jones Jone Jones I CHICAGO GRAIN GRAIX CHICAGO Nev Key 1 Bearish Bearish European crop estimates counted as a. a a repressing in influence In- In fluence on heat prices today In the early ealy trading Th Tho market was waa wa also bearishly affected by announcement that grain afloat in Buffalo Duffalo harbor would hereafter be In In- eluded In the United States State visible supply supply sup sup- ply total Support was slow alow In develop develop- ing total Initial quotations which ranged from lower with December and May 1 11 were followed by moderate further declines and then by something of a rally raly Subsequently both December and May a sold old down to a new low price record for tor fortha the tha season leaon Persistent liquidation and lack lack of ot support appeared to be chiefly sible aible The close was nervous 6 60 ic 60 net nel lower with wih December and May Corn and oats sagged gagged with wheat Corn opened Hj lc off of to c up May ay 5 Uc and then declined nil til al around In later dealings the corn market marke descended to within a fraction tracton of or the inside figures figures fig fig- ures ores of the season seaon Oats touched a new low The close In corn was steady at a 1 1 lc c to ic net decline with Ith May 5 1 c. c 5 Oats started unchanged to Uc c lower May day 37 38 c and later showed a general generl set- set I back I Weakness in the hog market maket was wa re reflected reflected re- re by provisions provisions re-I re Wheat No Wheat No sales reported Corn Corn Cor No 2 mixed No 2 yellow elow 4 4 C I Oats Oats No 2 white No S 3 white 30 34 69 11 34 c. c Rye Rye No 3 3 lIe no Barley Barley Nominal Timothy seed seed 4 seEd U. Clover seed Pork Pork Pork- Nominal Lard Lard 9 55 Ribs Ribs 5 Open High Low Lw Close Wheat Wheat- Dec Deo May May 11 11 Corn Corn- r De Dec 4 48 4 n May ay 6 53 Pork Pork- Jan Jan March 91 Ribs Ribs- Jan Ribs 74 I May May SALT LAKE J iE LIVESTOCK Cattle Cattle Market steady to lower Fair demand Catte Choice steers steer good steers steer fair aters ster choice steers cows and heavy beavy heifers heifer farl fan to good cows and heifers heifers outers canners 60 cuter f fat fat t bulls buls bologna bulls buls 00 60 light veal al calves calves Hogs Hogs- Market Market steady to lower Strong Stron demand Choice prime top fat hogs 70 to Ibs lbs bulk of sales I Sheep Sheep Receipts 1167 16 market maket steady i strong demand Good choice lambs 6 60 choice yearlings fat I II I 00 fat Cat ewes feeder lambs O OMAHA IAIA LIVESTOCK o OMAHA No Nov 1 United States Bureau of Markets Markets Hogs rAIA Hogs Receipts noo Mostly Iosty steady to lOc JOe lower closing dull dul on heavy henvy H grades bulk I top P medium I r b bulk and packing light i butchers grades I Cattle Catte Receipts 4 Beef Dee steers steer steady to strong t to La weight steers steer s she stock c strong to lie higher e bulls 18 I I strong f to oe lie i higher I g veal steady e stockers io I and land feeders steady to strong Sheep Sheep Receipts 1500 All Al Classen clusen generally generally gen gen- steady Top lop fed CeO and and Western lambs lambs ealy yearlings 50 ewes ewe U. U 75 feeding feeding feed teed ing lambs lambs 6 NEW YORK YOm SUGAR t I NEW YORK 0 Nov 1 The The market for 1 raw sugar was quite early today at 4 lie for centrifugal I Raw sugar futures were easier under liquidation and selling by commission houses with wih prices price prIce at midday four to six ala points net lower There were no changes in refined Fin Fine granulated 8 Refined futures fUtures wore were without tons a NEW EW YORK YOm 1 METALS ETA JS NEW YORK Nov ov 1 Copper COPPer I. Copper steady stead electrolytic spot nd nearby lIe later 13 1 69 1 3 34 c. c Tin 1 easy eay spot and nearby 2800 fu futures fu- fu tures ture 2837 8 n. n Iron steady study prices price unchanged Lead steady s spot ot 7 Zinc Zinc- quiet East lt St. St Louis Louts delivery delvery spot 40 Antimony SPOt Antimony Spot Spot U. U n. n DE DENVER F LIVESTOCK DENVER Nov NI 1 Cattle Cattle Receipts 2300 higher steers steer I cows and heifers helfers stockers and feeders calves calve Hogs ReceiPts Hoga-ReceiPts Receipts steady top bulk I Sheep Sheep Receipts Receipts HOO strong stron lambs lambs ewes ewe feeders feeder I XI NEW NE' W YORK YOm DAIRY D. NEW YORK Nov 1 Butter Butter Butter weak wEak I creamery higher than extras etra 4 ni creamer creamery creamer extras He creamery firsts 38 69 Eggs Eggs Unsettled Fresh Freh gathered lathered extra extra I firsts do firsts Cheese Steady Cheese Steady unchanged Live poultry poultry Steady Chickens 24 I fowls fowls 20 roo roosters ten lIe Dressed poultry firm and unchanged CHICAGO DAIRY CHICAGO Nov 1 Butter Buter Lower Creamery CrEamery extras Uc firsts seconds seconds sec see standard standards oDds Eggs Eggs Higher Receipts cases cue firsts ordinary firsts miscellaneous frt 45 refrigerator extras extras refrigerator firsts frt lIe SC Poultry Poultry Alive Alve Alive higher c springs 2034 turkeys roosters CHICAGO PRODUCE CHICAGO Nov 1 Potatoes Potatoes Steady Receipts CHICAG 80 cars car total United States State shipments cars car Northern white sacked and bulk Red fled River cwt Dakota white sacked and bulk cwt Idaho sacked DO 1 5 cwt LONDON LONION METALS U LONDON Nov 1 Standard I.-Standard copper US 66 78 7 Electrolytic fIle Tin Tin iSiS Us Cd Lead Lead Cd Gd Cd Zinc Zinc LS i Is 60 Gd d J v r 1 |