Indianapolis Times, Volume 45, Number 163, Indianapolis, Marion County, 17 November 1933 — Page 32

PAGE 32

Wall Street The Street's Fear That France Will Abandon the Gold Standard Grows Despite Denials. Fly RALPH HFNDERSIIOT Tint.* Special Financial Writer

Despite repeated denials to the contrary on the part of French officials. Wall Street is becoming more and more convinced that France will '•hm-tly abandon the gold standard. The very least that is anticipated is that she will place an embargo on shipments of gold out of the country, the .same- as this country did last spring The reason why the French denials, even though coming from offi-

rial quarters, are not taken very seriously is that, it is felt the country would be unlikely to admit such a step In advance even though it knew it would be forced to do so. The Street, consequently forms its opinions in that regard from actual developments rather than from statements, official or otherwise. And these developments point to abandonment. France has a huge gold supply, to be sure, but withdrawals of the yellow metal from the country have been heavy of late, and it is only reasonable to suppose that it will attempt to put a stop to it sooner or later. Recently about 100.000,000 francs of gold were withdrawn. apparently for the British account, and the day before a similar amount was taken. France has lost close to 2.000.000.000 francs of the yellow metal within the last three months. ana Britain Withdraws Gold Indications are that Great Britain may be with-

Ralph ilmdcrshot

drawing the deposits from France which she had been keeping there for commercial purposes, and the implication would be that she fears a suspension of „old payments, as a result of which she would be obliged to take ht:„<- losses. It might be. however, that she would like to force abandonment of the gold standard in the hope that it would lead to worldwide currency stabilisation. It is no secret that Great, Britain is strongly opposed to seeing the pound above parity. It will be recalled that she created the big equalization fund lor the purpose of depressing her currency. The higher President Roosevelt boosts the price of gold the greater her disadvantage. and abandonment by France might be expected to center world attention on the difficulties of international trade under existing conditions. If France were to abandon the gold standard currency prices probably would bob up and down in the foreign exchange market like a rowboat out in the Atlantic. The price we established for gold undoubtedly would mean very little from a practical standpoint. That is to say, we might find it difficult to purchase gold at almost any price. It is not as. umed, however, that we desire to buy the yellow metal so much as we want to depreciate the value of the dollar in order to raise commodity prices, so abandonment might not mean a great deal so far as we are concerned. ana Has Another String to Bow And President Roosevelt still would have another and even more effective string to his bow, even though the gold-buying scheme were thrown out of balance by French abandonment. He could carry out his premise to raise commodity prices by currency inflation in this country. And if he did not wish to issue greenbacks he could revalue the dcVar and use the excess gold reserve thus created to issue new moneybacked gold. It would not be quite logical to assume that the President, and his advisers have not taken all the factors, including the possibility of French abandonment, into consideration before he embarked on the present program.

New York Stocks

—Nov. n Oils— Prev. High. Low. 10 .in. Close. Amerada 46 1 a 46% AH Rfe 32% 32% 32% 32 Barnsdall 9% 9% Consol Oil . 13' l3 Com of Del 19% 19 19'.. 18% Houston i new i ... ... 5 4% Houston toldp ... 26% 26 3 * Indian Rfg . . . 2 s * Mid Cont Pet . 13 3 13% 13% 13% Ohio Oil 16% 16'S 16% 16 3 a Pet Corp . 12% 12 1 2 12% 12‘2 Phillips Pet ... 17% 17 17% 17% Pure Oil 13% 13 13% 13 Roval Dutch 38'. 39 Sbd Oil • 37 1 a 37 37'a 36% Shell Un % 9 3 s Simms Pet . 10 1 '. 10'. Skeilev Oil 9 3 a 9'. Soe Vac 16*2 12% 16% 18'. S O of Cal . 44 1 2 44’, 44 1 2 44' 2 S O of Kan ... . . 34% S O of N J 46 1 2 46% 46'2 46’a Sun Oil 52'2 52 Txas Corp ... ... 27'. 26 3 . Tidewater Assn ... Un Oil of Cal 20’, 20% Steels— Am Roil Mills ... ... 18'. 17% Be-h Sterl 33% 33'a 33'a 33’a Bvers AM 25 24’. Col Fuel Ac Iron .. ... . . 5 Cruc Steel . ... 19 18'. Gulf Sts Steel 20 Inland Steel 32 Ludliim Steel McKeesport Tin 88 Natl Steed 40'2 40% Rep Iron Ac Steel . 14' 14'* U S Smelt .105'* 104 104 104 Vanadium 21'a 21’, 21'2 21 Mid Steel ... ... . ■ 12 U S Pipe Ac Fdv 17 1 . U S Steel 44', 44% 44', 43% U S steel pfd . 8! 82 Yungstwn SAc T .. 20’. 20 Rails— Atchison 48 47’a 48 47% Atl Coast Line 31 BS- O 24’a 24', 24 3 * 23', Can Par . 12 3 12 3 a 12 3 * 12% Ch & Ohio 41 40'. Chi A- Gt W 7 < C M A- St P 8% B’a B'2 B', Chi N IV B'a 8 Chi R Isl Chi R 1 7% pfd • •• D’la Ac Hud 53% .53 Erie !'♦ s*" Grt Northern . 18', 111 Central . 27’. 27% 27’. 2, K C Sou 11 Lou Ac Nash ■ • * 2 M K A- T B’, .... Mo Pan i; Mo Par pfd . •, N Y Cert* 36 w 36’, 36’. 36’a N V Chi A- St L ■ - } N Y C-S- I. pfd . 17'* 15% N Y New Haven 17% 17% 17** 16% N Y On' Ar Wes 152 2 Nor Pac . 21'a 21 3 a 21 3 , 21% Penn R R 2o 2 Rrcd.ng ■ ■ „ . ’J Sou Pac 20% 20 Sou R R 25' 3 Sou R R pfd 25'. 34% Union Pac . 11l 2 ill.a Wabash , 2 % West Maryland.. 9 8% 8% 9 Motors — , . ... Auburn . 44 3 . 44 a 44 , 43 a Chrysler 15? G?n Motors 32'2 32% Graham Mot • 2 2 Hudson • ■ • I* Truck ::: ::: % s? 4 Nash 20’, 20'. Fackard 4 3% Reo 3% 3' * Studehaker 5 4-, Yellow 1 Truck. ... ... • • * Motor Access — Bendix 15** Bohn Alum .... .. ... . Borg Warner . . .. 16 7 * 16 ! 2 Briggs 9% 9% 9’, 9*, Budd Wheel 3'* F.aton Ms i 11% Elec Auto Lite.. .. 16 3 . 16% Houd A S'2 3% Mullins Mlg 4 3 . . Murrav Bod' 6 6 Stew Warner 6'. 6% Timken Rol 29'. 29% Mininc— Alaska Jun .. . 24 24% Amer Smelt . 48% 48'. 48 3 a 49 Anaconda . . 16% 16% Cal A Hecla 5% Cerro de Pasco .. ... 4040 Grantv 10% Gt Nor Ore ... ... .. IP % Homestake Min .. ... ... 332 Kowe Sound 33’, Ins Copper 5% 5% Int Nickel 22% 22% Isl Creek Coal . . 25 Kennecott Cop . 33% 22% 2?% 23% No-anda Cop ... .. 35% 36 Phe’n,- Dodge 17% 17% Tobaccos— Am Snuff ..... ... . . 48 Am an Tob 15 14% Am Tobacco A .72 Am Tobacco B . 75% 75 75 74% Gen Cigar ... . . 19% Ligp A Myers B 87 86 lornllard 17% 17 s , Revno'ds Tob B 46% 46 Equipment*— Allis Chalmers 19% 19% Am Car A Fdy 25 25 Am Loco ... ... . 17% Am Mach A Fdv 14% 14% Am S’eel Fd’ 18% 18% Ba'.d Loco ..... . 12% 12 Burroughs . . 15% 15% 15% 15% OK Jl 74% 73% Cater Tract . . 23 Coigat Palm Peet 13% 13% 13% 13% Congcleum 24*, 24% F>r Stor Bat . . 44% 43% Frite* Wheeler . 16% Gen Am Tnk Car 30’, 30' Gen Elec 21% 21% 21% 21% Gen R R Sig 30 Ingsol Rand .... . ... 61 Int Bus Mseh . 146 In* Ha-vester 42% 42% Re’vir”t"r 11% 11% l'% 11% Na*l Cash Reg 15% 15% 15% 15% Pro- & Gambif .. 41% 41% Pullman Inc 45’. 45% Slßitnonv Bed. 19 18% Und F'Uor 30% West Air B 28 28 Westirah Elec.. .. ... 39% 59% Wrusiagtoil P 24 5 . 23’. Utilities— Am * For Par 11% 11 Am Power Ac lLt 7 3 , 7% A T A T 121% 120% Am Wat WVs.... ... 19 18’-, Brook tin Gas ... . 62% Cos! Os A Elee 11% 11% 11% lj% Cos! G A E pfd . . .. .. 56 Com A Sou 31% j 2 Consol Gas 58% l 5* 37% El Pwr Ac Lit... S'{ 5% 5% S', E P A L nfd . 16 Int TAT.. 15% 14% Lou GAEA) 14’, Ml Pwr & Lit 10% 10

North Amer .... 15% 15% 15% 15% Fac G (V E ... 17% 17% 17% 17% Tub Serv N J 34% 33% So Cal Edison. 15% 15 15% 15% Std Gjs ... 8% 8% Std aOs pld ... 8% 9 United Corp ... 5% 5% Un Gas Imp .. 15% 15% Ut Pwr A: L 'A' 3% 3% 3% 3% Western Union 55% Rubbers— Firestone 23 22% Goodrich 15% 15% Goodyear 39% 39% 39 s * 39% U S Rubber 19% 19 19 19% U S Rubber pld 30% 30% 30% 30 Kel Spring 33% Amusements— Crosley Radio .... ... ... 10 Fox Thea ... .. . 143, Loews Inc ... 31% 31 Radio Corp ... 7% 7% RKO 2% Warner Bros 6% Foods— Am Sugar 58% 57% Armour A 3% 3 3 4 Beatrice Cream. 13 13 Borden Prod 23% 23% 23% 23% Cal Packing ... 22% 22% Can Dry G Ale 27'% Coca Cola 97% Cont Bak A .... .... 10 10% Corn Prod 73 72% 73 72% Crm of Wheat .... ... 29 28% Gen Foods 364„ 36 % Gold Dust 18% 18% 18% 18% G W Sugar 39% 39% 39 % 39 Hershev . 48% Loose 'Wiles .. 41% 41 41% 40% Natl Biscuit ... 45~ 45% Natl D Prod .16 15% 16 15% Purity Bak 16% 16 S Porto Rico Stlg . ... . 431 s Std Brands 24’* 24% United Fruit 64% Wrigley 55% 551, Retail Stores— Asso Dry Goods 13% 13% Best &Cos 28% 28 Gimbel Bros ... 6 Gimbel pfd 23% Gr Un Tea 5 47, Hahn Dept Sts 6% 6% Jewel Tea > .. 13 Kresge 8 8 .... 13 12% 13' Kroger Groc 22 22 Macy R H 50% 51 May Dept St 27% 27% Mont Ward ... 22% 22% 22% 22% Penny j c 51 % 51 % Safeway St . ... 431. 43> a Sears Roebuck 42% 42% Woolworth 40% 40% Aviation— Aviation Corp g% g.% Douglass Air 443, Curtiss Wright. . 2% 2% 2% 2% Curtiss Wright A 55, 53 4 Nor Am Ai s’. 6 United Aircraft. 34% 34% 34% 34% Chemicals— Air Reduction 106% 106% Allied Chem . .. 140 140 Am Com Alcohol 52% 52 52% 52 Col Carbon ... ... . 61% 60% Com Solvents .. 34 33% 33% 33% Dupont 85% 85% 85% 85% Freeport Tex .. . 48% 48% 48% 48% Liquid Carb 26% 26% Northern Alkali 441 2 43% Tex Gulf Sulph. 44% 43% Union Carbide . 45% 45% 45% 46% U S Indus Alcohl 67% 67 Natl dist inewi 30% 3o 3 4 Drugs— Coty me 3% 3% Lambert ... ... 3qi 2 Lehn A: Pink ... ] igs 8 Zonite 7 2 7i 2 Financial— Adams Exp . ... 8 1 * Allegheny Corp 3-?* 33^ Chesa Corp ... 33% 333. Transamerica ... g g Tr Conti Corp 5 Building— Am Radiator ... 13% 13% 13% 13% Gen Asphalt. 16% 16% 16% 16% lnt Cement .. 33% 33 33 32% Johns Mantille ... 543, 541, Libby Owens Gls 31% 31% 21% aiu Otis Elev ,L‘ Miscellaneous— Am Bank Note. .. ... 133, jji Am Can 95 93% 95 941. Anchor Cap 20’* eg/ Brklvn Man Tr. 28% 28 Conti Can 70% 70 70% 70 Eastman Kodak. . .. 733. 73 Owpiis Bottle 82% 813 4 gi3 4 33 Gillette n% 11% Glidden 16 15% 16 15% Gotham Silk ... . ... gi Indus Rayon . 76' 4 76 76 753. Inter Rapid Tr. . .. ... ... gs

Federal Farm Loan Bonds

(By Blvth A.- Cos , Inc ) Nov. 16— 4s Nov 1. 1957-37 B Rp 4s May 1. 1958-38 80 81% 4%s Julv 1. 1956-36 81% 83% 4%s Jan. 1. 1957-37 81% 83% 4%s May 1. 1957-37 81% 83% 4%s Nov. 1. 1958-38 81% 83% 4%s Dec 1. 1933-32 99% 100% 4%.t Mav 1. 1942-32 86% 87% 4%s Jan. 1. 1945-33 86% 87% 4%s Jan 1. 1953-33 83% 85 4%s Julv 1. 1933-33 83% 85 4%s Jan. 1. 1955-15 83% f5 4%s Julv 1. 1955-35 83% 85 4%s Jan. 1. 1956-36 83% 85 4%s Julv 1. 1953-36 86 87% 4%s Jan. 1. 1954-34 86 87% 4%s July 1. 1954-34 86 87% 5s Mav 1. 1941-31 93 94% 5s Nov. 1. 1941-31 93 94% Home Loan 4s. July 1. 1951.. 82% 83%

Daily Price Index

By l nitrd Prrm NFW YORK. Nov 16—Dun A Broadstreet's daily weighted price index of thirty commodities, compiled for the United Press (1930-1933 Average. 100' Todav 102 69 Yesterdav 102 42 Week ago 102.27 Month ago 95 46 Year ago 75 88 1933 High (July 18• 113 52 1933 Low (Jan. 20i 67.86 NEW YORK CASH GRAIN By United Preaa NEW YORK. Nov 16 -Cash grain: Wheat—No 2 red. $108.; No. 3 hard winter. sl.oß'-.. Corn—No. 2 mixed. 47 5 . e. Oats—No 3 white, 44 3 c. All quotes C. I. F.-New York. a

UNEVEN ACTION MARKS TRADING IN HOG MARKET Cattle Slow and Steady; Veals Unchanged at $5.50 Down. Uneeven action developed in hog trading at tne iocai stockyards this morning, most classes held around steady with yesterday's average, while underweights moved from 5 to 15 cents higher. The bulk. 160 to 275 pounds, sold at $4 05 to $4 10, while heaviest kinds scaling from 275 pounds and up were available at $3.85 to $4. Lighter grades weighing 130 to 160 pounds brought $3.65 to $3.90, and 100 to 130 pounds sold at $3.35 to $3.50. Receipts were estimated at 7,000. Holdovers, 859. ; Slaughter steers in the cattle market moved slow and held about steady at the week's decline. Recent 1 congestion was relieved considerably by iate trading yesterday. Several classes still remained inactive. Vealers continued steady at the previous session, selling at $5.50 down. Cattle receipts numbered 400; calves, 400. Strong trend was evident in the lamb market, with wooled westerns salable at $7. Clipped westerns brought $6. while natives held large;ly at $7. Throwouts ranged down jto $3.50. Receipts were 2.503. Asking on hogs at Chicago continued around steady at yesterday’s average at $4.60. Early bids were scarce. Receipts were estimated at 33,000, including 15,000 directs; holdovers, 35.000. Cattle receipts numj bered 1.000; calves, 600; market about unchanged. Sheep receipts were 7,000; market steady to strong. HOGS Nov. Bulk. Top. Receipts. 11. $4.25©- 4 30 $4.30 3.000 13. 4 20fa 4.25 425 13.000 14. 4.20 fa 4.25 430 12.000 15. 4.05© 4 10 4.15 12.000 16. 4 05® 4 10 4 15 8,000 17. 4.05 fa 4 10 4.15 7.000 Market, steady. (140-160( Good and choice $3.75® 3.90 —Light Weights—-(l6o-1801 Good and choice.... 4.10 (180-200) Good and choice. . 4.10 —Medium Weights—-(2oo-220) Good and choic°. . 4.05 fa 4.10 (220-2501 Good and choice. .. 4.05® 4.0i , —Heavy Weights—-(2so-350< Good and choice ... 4.00 fa 4.05 1290-350) Good and choice ... 3.90® 4.00 —Packing Sows— I (350 down) Good 340 fa 3.65 1350 up( Good 3.2541 3.50 ! 'All weightsi Medium 3.00 fa 3.25 —Slaughter Pigs—-(loo-1301 Good and choice.... 3.35© 3.50 CATTLE Receipts, 400; market, steady. (1.050-1.100i — Good and choice $ 4.75 fa 6.00 Common and medium 2.50 fa 4.75 (1.100-1,5001 , Good and choice 4.50 fa 5.75 ! Common and medium 3 00© 4.50 (650-750) Good and choice 5.00® 6.25 i Common and medium 2.50® 5.00 I (750-900 i--and choice 4.25® 6.00 Common and medium 2.00® 4.25 —Cows— Good 3.00 fa 3.50 I Common and medium 1,85® 3.00 Low cutter and medium . . . I.oo® 1.85 Bulls (yearlings excluded) Good i beef i 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts. 400; market, steady. Good and choice $ 5.00© 5.50 Medium 3.00® 4.50 Cull and common 1.50® 3.00 —Calves—-(2so-5001 Good and choice 4 00© 5 00 Common and medium 2.00© 4.00 ! -Feeder and stocker Cattle—-(soo-8001 Good and choice 4.00® 5.00 Common and medium 2.75© 4.00 (800-1.5001-Good and choice 4.00® 5.00 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 2,s<H>; market, steady. (90 lbs. downi Good Sc Choice ! 6.00© 7.00 (90 ibs. down) Com. and med.. 3.00® 6.00 —Ewes— Good and choice 1.75® 2.75 Common and medium I.oo® 1.75 Other Livestock BY UNITED PRESS EAST BUFFALO, Nov. 17.—Hogs—Receipts. 3,600; holdovers 480; active, steady with Thursday's average; bulk desirable 150-250 lbs.. $4 50® 4.55; weights above 200 lbs., at outside figure: 120-150 lbs., scarce, largely $4.25© 4.50. Cattle—Receipts. 700; steers and heifers dull; unevenly lower; medium steers ad heifers $4.40© 4.50; light weights at outside figure; cows unchanged; cuUer grades $1fa1.65. Calves—Receipts, , 400; vealers steady to 50c lower; good to [ [choice 58.50fa6.75 and sparingly $7; common and medium. s4.sofa 5.50. Sheep—Receipts. 1.700: lambs active fully steady; goo dlo choice ewes and wethers $6.75 to mainlv $7; medium kinds and fat bucks S6: throwouts $4.50® 5.25: handvweight ewes $3: bulk mixed sheep $1.25fa2.50. FT. WAYNE. Nov. 17.—Hogs steady; 180250 lbs.. S4; 250-300 lbs.. $3.90: 300-350 lbs.. $3.80; 160-180 lbs., $4 75: 140-150 lbs.. $3.65; 130-140 lbs . 53.50; 100-130 lbs.. S3; roughs. $3.25; slags $2 Calves, $5.50: lambs, $6.25. CLEVELAND. Nov. 17.—Cattle market dull and weak; practically no I trading: about 20 carloads of cattle will be carried over for Monday: market for week 15 to 25 rents lower; choice steers, 55.75® 6.25; common to good. 550 to 900 lbs., steers $3.50® 5.50; common to good, 900 to 1,200 lbs., steers. $3.25© 6; medium and good cows, s2fa3; common to good heifers. $3®4.75. Calves—2so: market slow and 50 cents lower; for week $1 lower: choice to prime. $6©6.50; choice to good, $5.50© 6. fair to good. ss© 5.50; common. ] $2.50® 450 Sheep—l,Boo; market opened 1 active and stronger; 15-25 cents higher; week's 50 cents loss recovered; choice wethers $2 50® 3 25: spring lambs, choice, $6.75®7. Hogs | steady to 5 cents lower; market for week 5 cents lower; heavies $4.25®4.40: choice and light butchers and choice yorkers. ! $4.35; stags, $2.25; roughs, $3.25; pigs. EAST ST. LOUIS. 111., Nov. 17.—Hogs— I 5.500; market, weights below 190 lbs., strong to 5c higher; no action on weighter | kinds: few pigs steady to 10c higher: top ! $4,25; bulk 160 to 190 lbs.. $4.20© $4.25; few 140 io 150 lbs. $4®4.20>100 to 130 lbs, $3.50© 4; sows s3© 3.25; a Tew light weights higher. Cattle—l,ooo; calves—6oo: market, ! not enough steers on sale to make a mar- j ket and little or no demand for the few ! common descriptions available: other | classes on catch-as-catch-can basis in ! clean-up trade; vealers sleadv with top kinds $5.50: few mixed vearlings and heifers $5 down: cows s2®2 50; low cutters Sl® 1.95; top sausage bulls $2.50; slaughter steers, 550 to 1.100 lbs., good and choice, $4 75©6: common and medium 52.75© 5. 1.100 to 1,500 lbs . choice. $4.50® 5.50; good. s4© 5.25: medium. $3.25© 4.75. Sheep—l,soo; market, fairlv active and generally steady; bulk wooled lambs to packers $6 50© 6 75: clipped lambs s6® j P. 25: common throwouts $3.50© 4.50; fat ewes s2© 2.75; lambs. 90 lbs., down, good and choice. $6 25'7; common and medium. 53.50© 6 50; yearling wethers. 90 to 110 lbs . good and choice. $4.25©5.50; ewes 90 to 150 lbs , good and choice. $1.50® 2.75; all weights common and medium, sl©2. PITTSBURGH. Nov. 17.- Hogs Receipts. 1 000: holdover'. 9CO; marker, mostlv steady on weights 170 lbs. up; no local demand; tops. $4.50; 170-250 lbs., $4.40© 4 50; 250 lbs. up. $4.40 down: 150 lbs. down, quotable. $44/ 4 25; packing sows. $3.25© 3. <5. Cattle—Receipts. 10; nominal. Calves—Receipts. 10: nominal Good and choice vealers. quotable, $5.50® 6 Sheep— Receipts. 200. few early sales; fat lambs, steady at $6 85; throw-outs, around $5; common, down to $3; sheep, steady. Bu Time* Special LOUISVILLE. Nov. 17.—Cattle—200. supply light; quality plain; trading on cleanup basis around steady at recent decline: bulk common to medium steers and heifers $2.750 3.75; best fed lightweights eligible around $5 25; bulk beef cows and bulls , $2 50 down: low cutters and cutters mostlv sl/1.75: common to medium native stocks and feeders mostlv s2©3; better qualities Hereford stock calves $4.50 Calves—3oo. steady: bulk better vealers $4®4.50; medium and lower grades mostlv S3 50 down. Hogs—6oo. steadv; 180-275 lbs $4 15: 280 lbs., up $3 50: 140-175 lbs . S3 55. 135 lbs down $2.70; sows. $2 70 and | stags $1 45. Sheep—loo. steadv: most medium to good lambs. $5 50'-/6, choice kinds I $6 50; bucks mainly $4.50® 5: throwouts - S3 50 and fat ewes Sl©2 Receipts Thursday cattle. 226: calves. 74 hogs. 624 and sheep 88 Shipments Thursdav: cattle 31; calves. 85 and hogs. 141. CHICAGO FRUIT MARKET By United Pres* CHICAGO. Nov 16—Apples—Michigan Jonathans. 51.25. Baldwins. Jlfal.lO. Pears —lHinois. $1 bushel. Carrots—lllinois. 2fa 3c bunch Spinach—lllinois and Missouri. 50© 75c bushel. Beans—Southern g-ecn. 75c©5150: wax, $1©1.75. Cabbage—Wisconsin. $ 1 25fa 140 crate. Celerv—Michigan. 40© 85c crate Mushrooms—lllinois. 20© 30c Cucumbers—Southern. $2 hu'hei. Tomatoes—California. *1fa1.35; central western hothouse. 60© 75c. Beets—lurnois. 2%u3c. Leaf lettuce—lllinois hothouse. 10®12%c. Onion market—Washington Idaho Valencias. 70© 90c, Wisconsin yellows. 60/r72 , ac; Indiana.yellows. 60© i2%c: Illinois yellows. 60®72%c; midwestern whites, sl®l.lo.

THE INDIANAPOLIS TIMES

On Commission Row

—Nov. 17— Frnlta Cranberries—Cape Cod early blacks. 251 lb box. $2 Grapes—California seedless, crate, $2 25; Cal!forn:a Tokavs. crate. $1 60. Ohio Concords. 12 2-ouart baskets. $1.75; New York. 12-qt. basket. 55c. Melons California Honevdews < 9-12s •. s2© 2 50; Casabas ■ i per case. $2 Pears Washington DAnJou '9O-165sL $2 75 Washington Bose (100-1355), $2.75, Aiacos. Fla. <lO-16*•. crate. $2. Bananas -Per pound. 5%c. Apples—Wealthy. Wolf River. Grimes Golden Jonathan. Florida (46s to 80c i. $1.25® 1.75 a bushel, fancy Jonathans. $2 a box Grapefruit $3.25® 3.50. Prunes—ldaho Italian, 16-lb. lugs $1 10. Oranges—California Valencias. $3 50fa4 a ; box Lemons—(36os/. $5.50© 6. Vegetables Cabbage—Eastern Dannish. 50-lb. bag slls Onions —Utah Spanish, 50-lb. bag. $1.75; western white. 50-lb. hag $1 40: Indiana whi'e, 50-lb. bag. $1,25; Indiana, yellow. 50-lb. bag. 75c: 10-lb. bag. 18c Beans—Round stringless, hamper. $1.75 ©2. flat stringless. $1 50 Beets—Home grown, dozen, $3.50; bulk per bushel, 85c Carrots—California. $3 50 crate. Cauliflower California 110slls-12st, crate | $1.50. | Celery—Michigan Mammoth, bunch. 70c: medium bunch, 45c; hearts. $1- 15-bunch flat crate. 90c; California. $3.25 crate, j Lettuce—Hown grown. 15-lb. basket. 60c; ' home grown endive, dozen. 40c; Iceberg, best <4s-ss) crate. $4.25; hothouse, 15-Id, basket. 75c. Radishes—Hothouse button. 40c dozen. Spinach—Broadleaf. per bushel, 75c. Turnips—Per bushel, 90c. Tomatoes—California. $2.25; 30-lb. basi ket hothouse. 75c 8-lb. basket. Potatoes—Northern round white. 100-lb. bag. sl6o® 1.75 R. R. Ohios, 100-lb. bag. SI 60: 15-lb. bag 33c; Wyoming triumphs. 100-lb. bag. $2 10. Sweet potatoes—lndiana Jersevs. No. 1 hamper, $1.75® 2. Nancy Halls, per bushel.

Investment Trust Shares

(By Abbott, Hoppin & Co.i —Nov. 16— . _ Bid. Ask. American Bank Stocks Corp.. 76 86 I American fit Genera! Sec A.. 5.50 6.50 American fit Inv Tr Sh 1.50 2.50 Basic Industry Shares 310 3.16 British Type Inv Tr Sh 45 .55 Collateral Trustee Shares A. 4.75 5.00 Corporate Trust Shares told'.. 2.18 225 Corporate Trust Shares mewl 230 2.37 Cumulative Trust Shares 3.90 4.00 Diversified Trust Shares A 6.25 Diversified Trust Shires B 687 7.00 Diversified Trust Shares C 2.95 3.00 Diversified Trust Shares D 4.75 4 87 First Insurance Stock Corp... 133 139 First Common Stock Corp 83 .98 Fixed Trust Oil Shares A 8.40 Fixed Trust Oil Shares B 6.95 Investors Inc 17.25 18 75 Low Priced Shares 5.35 5.45 Mass Inv Trust Shares 17.25 17.50 Nation Wide Securities 310 3.15 North American Trust Sh (53i 1.83 .. , No American Trust Sh (55-56) 2.29 2.35 Petroleum Trust Shares A... 8.00 11.00 Selected American Shares ... 2.62 ... Selected Cumulative Shares... 662 685 Selected Income Shares 3.50 3.75 Std American Trust SharesA 2.86 290 Trust Shares of America. .. 2.70 2.75 Trustee Std Oil A 5.50 5.87 Trustee Std Oil B 4 87 5.12 U S Electric Lt fit Pwr A 11.25 11.50 Universal Trust Shares 2.85 2.90

In the Cotton Markets

—Nov. 16— CHICAGO High. Low. Close. January 10.34 10.15 10 34 [ March 10.50 10.33 10.49 ! Mav 10.65 10.44 10.63 Julv 10.77 10.60 10.77 December A0.20 10.05 10.20 NEW YORK January 10.30 10.09 10.29 ! 1 March 43 10.23 10.42 | Mav 10.58 10.37 10.56 ! Julv 10.69 10.49 10.66 October 10.90 10,67 10.88 I December 10 20 10.00 10.19 NEW ORLEANS January ■ 10.25 10.07 10.22 March 10.39 10.20 10.38 Mav 10.53 10.34 10.50 | Julv 10.65 10.47 10.63 i October 10.83 December 10.15 9.96 10.13

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed DOMESTIC RETAIL PRICES Anthracite $14.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5.50® 5.75 Indiana, egg 5.25® 5.50 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8 25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to bin.

Produce Markets

Delivered In Indianapolis prices—Hens. 8c Leghorn hens. sc; heavy breed springers, 8c; Leghorn springers. 6c; cocks. 5 lbs. ana up, sc; under 5 j lbs.. 4c: ducks. 4'% lbs. and over, full feathered and fat. sc; under 4% ibs.. 3c: geese, full feathered and fat. 3c: No. 1 j strictly fresh country run eggs. 24c; s--ict- . [ lv rots off; each full egg case must weigh ; 55 lbs. gross: a deduction of 10c a pound for each pound under 55 pounds will be made. Butter—No. 1. 25®26c; No 2, 22® 23c. Butterfat. 18c. Quoted by the W;adley Company. NEW YORK COFFEE FUTURES —Nov. 16— SANTOS High. Low. Close. January . . . . 8 54 March 8.80 8.70 8 75 j Mav 8.94 8.77 8 82 July 9.02 8 85 8.87 September 9.20 8.99 9.06 December 8.60 8.46 8 52 j RIO January ... 619 ' March 6 30 6.24 6.30 | May 6.38 6.34 6.38 [ July ... 6 44 i September 6.52 6.51 6.51 December 6.18 6.07 6.12 |

The City in Brief

TOMORROW’S EVENTS Federation of Community Civic Clubs, anniversary party. Municipal Gardens, | 8 p. m. Christian Endeavor, convention. First United Brethren rhurch. Alliance Francaise, luncheon, Washington. 1 p. m. Sigma Alpha Epsilon, 1 uncheon, Columbia Club. MUSIC STUDENTS TO GIVE ONE-ACT PLAYS Present Second Series of Year at Auditorium. Miss Ella Pock. Zionsville. a student at Butler university and the Arthur Jordan Conservatory of Music. is one of thirteen conservatory students who will

$' "$SS§i- % K r*r ■ ' * ■ < j

appear in three one-act plays in the Odeon, auditorium of the music school, at 106 East North street, Friday evening. Nov. 24, at 8:15 p. m. Miss Frances Beik. head of the dramatic art department of the cons ervatory, is coaching the plays. The entire casts will include Helen Mvers. Fan-

chon Fattig. Helen Ashby. Dorothea Craft. Helen Lloyd. Mary Rentz. Alma Meyer. Dorothy Prince. Charles Muse, Carroll Reynolds. Irving Berndt, Edward Hanson and Miss Pock. * The plays will be the second of a series of productions sponsored this fall by the play acting class of the conservatory of music. Steel Treaty to Be Topic An illustrated talk on steel and its treatment will be given by Professor John F. Keller. Purdue university extension department, in the auditorium of the Y. M. C. A. here at 7:30 next Friday.

STOCKS RESUME ADVANCE AFTER DOLLAR SLUMPS All Issues Gain Fractions to a Point; Volume Strengthens.

Average Stock Prices

Average of thirty industrials for Thursdav: high 99.34, low 94.12. last 99 01. up 4 65. average of twenty rails: 39 01 37 26 39 98. up 164 average of twenty utilties 24 05. 23.17. V3 80. up .49, average of forty bonds: 78.92. off .83. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Nov. 17.—Stocks extended yesterday's gains of 1 to 6 points by fractions to more than a point at the opening today; the R. F. C. gold price held at $33.56 for the fourth day; the dollar resumed its decline after a sharp rally in the previous session; cotton eased 1 to 5 points. Fairly large blocks of stock were turned over representing bunched orders received overnight. A number of blocks of 1.000 shares came out and a few others ranged to 5,000 shares. Volume was heavy after the opening. Quotations were abbreviated in an effort to keep the tape even with the market. Metal shares made the best advances. Farm equipments, motors, chemicals and oils continued in demand. Utilities rallied substantially with Consolidated Gas up a point at 38%. Rails were firm. United States Steel opened at 44>4, up %; General Motors 32'a, up % on 2,000 shares; American Telephone 121%, up %; Case 74%, up %; United States Smelting 105%, up 1%; Texas Gulf Sulphur 44%, up % and anew 1933 high; Atchison 48. up %; Chesapeake & Ohio 41, up %; Auburn Auto 44%, up 1; Standard of New Jersey 46%, up Vs, and Public Service of New Jersey 34%. up %. The first sale of Chrysler w*as 5,000 shares at 46%, up %. It held around that level in the early trading. Wet stocks were steady. Chemical issues were around the previous close.

Bank Clearings

INDIANAPOLIS STATEMENT —Nov. 16Clearings $2,082,000.00 Debits 7,408,000.00 TREASURY STATEMENT —Nov. 17Net balance for Nov. 15. .. ,$1,294,714,879.29 Misc. Int. Rev. Rcpts 2,222,483.80 Cstijis repts. (mo. to date) 14,155,239.54 New York Curb (By Abbott, Hoppin & Cos.) —Nov. 16Close.| Close. Alum Cos of Am 77% I Ford of Europe 6% Am Beverage . I%i3en Avia 5% Am Cyanide 8.. 11% Gt A & P 128 Am&For Pw War 6% Glen Alden C.. 13% Am Gas & El.. 20 [Gulf Oil of P... 59V* Am Superpower 2% [Hiram Walker . 37 Ass Gas & El.. s Hud Bay M ... 10% Atlas Corp 12 Humble Oil ... 9414 Axton Fish Tob 63 J ir >P Oil Ltd ... 15% Brazil Tract&Lt l%|lnt Petrol 23 Brit Am Tob A 29%jLake Sh Min .. 51% British Celanese 4 p f° dl,cer * • • 4% Can Ind Ale A 16% Bellas H... 2% Can Marc .... 2%'Newmont Mm . 54 Carrier Corp.. 6% £ la Pwr ” 5 2 Cities Se-v 2% Novadel Agene . 48% Bait 50 * Park "' II Cord Corp 7%ip?i,„ " ' ol 8 Deere” & Co°' I 1 , Reßis Pa P • • 3 * Distillers LimV 22 " Wm?" 43% Distillers Corp. 20% std of Ind ' Dow Chem 70 11{§ .;;; 5 El Bond & Sh.. 14% Stutz Mts . . 8% wifrri r £ b £. er ' . > Teck H Gold .. 6% Ford of Can A 12 j Wright H Min . 7%

DISTRIBUTORS WANTED Established Manufacturer of Finest Distilled Cordials and Gins will make attractive arrangements with right parties to take over protected territories. Address Box K 305, this paper.

Active Trading in U. S. Government Securities Municipal Bonds Land Bank Bonds Gravel Road Bonds General Market Securities • Direct Private Wire to Principal Markets • iifL Investment ll'i U [ Securities Pf ass 8 Hughel INCORPORATED Chicago INDIANAPOLIS Ft. Wayn* Illinois Bldg. / Lincoln 2565

WE BUY AND SELL: U. S. Government Bonds U. S. Territorial and Insular Bonds Indiana Municipal and Gravel Road Bonds Land Bank Bonds Home Owners’ Loan Corporation Bonds Bonds and Stocks of Indiana Corporations General Market Municipal and Corporation Bonds 1 Indianapolis Bond and Share Corporation 129 East Market Street Telephone Riley 4551

Miss Pock

Chicago Stocks

TOTAL SALES SHARES —Nov. 16High. Low. Close. Adams Royalty •*% Asbestos Mfg 3% Associated Tel St T A 4 Bastian-Blessing . ■■ *' Beatrice Creamery 15 13% 15^ Brach Si Sons 7'* E L Bruce Cos 13% Butler Bros 4% 4V 4% Central Cold Storage 4% Cent 111 Securities C % Cent Pub Util % Cent <fc Cos West pfd 3-

U. S. Government Bonds

Bu United Frets NEW YORK, Nov. 16 —Closing Liberty bonds: 'Decimals represent thirty-seconds) LIBERTY 3%s (32-471 99.27 Ist 4%s '32-47' 100.22 4th 4%s (33-38' 101.13 4th 4%s called 101.17 TREASURY 4%s (47-521 105 8 4s '44-54' 102.16 3%s '46-56' 100.16 3*s '43-471 99-12 3%s '4l-43) March 99-4 3%s '4O-43' June 99 10 3%s 1 46-491 99 6 3s (51-551 94.30 3%s (41 • 98.28 4%s (45) 98.29

Foreign Exchange

By Abbott. Hoppin St Cos. —Nov. 16Close. Sterling. England $6.42% Franc. France 0656 Lira. Italy 0885 Belgios. Belgium 2339 Mark. Germany 4000 Guilder. Holland 6760 Peseta. Spain 1365 Krone. Norway 2725 Krone. Denmark 2420

Indianapolis Cash Grain

Nov. 16— The bids for car lots of grain at (he call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were: WHEAT—Firm; No. 1 red, 85©86c; No. 2 red, 84©85c; No. 2 hard, 84®85c. CORN—Firm; Old No. 2 white, 42 %® 42%c: old No. 2 yellow. 41%®42%c: No. 3 yellow. 40’2®41 Vic; old No. 2 mixed, 40%©416c; No. 3 mixed. 39''2®40%c. Oats—Firm; No. 2 white, 42%©33%c; No. 3 white. 31%®32%c. Hay—Steady. (F. o. b. country points taking 23’ 2 c or less rates to Cincinnati or Louisville', No. 1 timothy, [email protected]; No. 2 timothy, $5.50®6;. —lnspections WHEAT—No. 1 red. 3 cars; No. 2 red. 2 cars; No. 2 hard. 2 cars; No. 2 mixed. 1 car; total, 8 cars. No. 2 white. 2 cars; No. 3 white. 2 cars; No. 4 white, 2 cars; No. 2 yellow, 1 car: No. 3 yellow, 3 cars; No 4 yellow, 16 cars; No. 5 yellow. 2 cars; No. 6 yellow, 1 car; No. 3 mixed, 1 car; No. 4 mixed, 1 car; total, 31 cars. OATS—No. 2 white. 1 cars; No. 3 white, 10 cars; No. 4 white. 2 cars; sample white, 1 car; No. 3 mixed, 1 car; total, 15 cars. RYE—No. 1, 1 car; total. 1 car. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 82 cents for No. 2 sort red wneat. btner grades on their merits. Chicago Primary Receipts —Nov. 16— —Bushels — Today. Last week Wheat 129,000 246.000 Corn 668.000 537.000 Oat- 129.000 120.000

Conservative Business Invited 3imcrican Rational Bank AT INDIANAPOLIS

The Administration Os Your Investment Fund To interested investors we shall be pleased to furnish on request a copy of the booklet, "The Administration of Your Investment Fund,” containing the report to holders of Quarterly Income Shares for the fiscal year ending October 15,1933. CITY SECURITIES CORPORATION 420 Circle Tower Lincoln 5535

OFFICE SPACE

The available vacancies in the several office buildings under our management offer a full range in price, size and type of office space KLEIN St KUHN Inc. Property Management LINCOLN 3545

Chi * North W 8 8 Chicago Corp com 2% 2% 2 3 Chicago Corp pfd . 22' Cities Service 2‘. 2 2'. Commonw?aith Edison. 36% 35 35 Cord Corp 7’ T 7% 7% Crane Cos pfd 37 Dexter Cos 4% Great Lakes Aircraft . . ’ Great. Lake* Dredge . 19L 18% 19L Grigsby-Grunow .. it t i I' 4 Houdaille-Hershev A' . .. . 10% Iron Fireman 6 Libbv. McNeil 3% Lincoln Printing -% Lynch Corp . . 32% 31% 32% Marshall Field 13% 12% 13% Meadows Mfg Cos com 1 % % Middle West Utilities % Midland United % Midland U 6% p L 1 Midland U V~\, P L Modine *' t g gi 4 Muskegon Mot S A . io Nat-Standard 20' 2 Noblitt-Sparks Ind. Inc 25% 24% 25% Northwest Bancorp 4', Oshkosh Overall pfd . 12% Parker Pen 5 Perfect Circle 22 Prima Cos ’ 12 Pub Service 6% pfd 44 43 43 Quaxer Oats 120 118 120 ? oe buck 42% 42% 42% Swift Si C 0 15% 13% 15 Swift Internaciona! 28% 27 28% Teleph Bond St Sh pfd . . 10 Thompson JR 7% 7 71, U S Gvpsum com .. . ~ 45 % Utah Radio l* 11* T.s* Vortex Cud Cos A 25 Wahl 1 Walgreen Cos com 18% %8 18% Ward oMntgomerr A 70 68 70 1 Wisconsin Bankshares 2% CHICAGO CASH GRAIN [ Bu United Prets CHICAGO. Nov. 16.—Cash grain: Wheat j —No. 2. hard, 90%c; sample hard. 87c: No. 1 mixed. 90%c Corn 'old'—No. 3 mixed, 47%c; No. 2 yellow, 48©49%c; No. l 3 yellow. 47%c: No. 4 yellow. 46' j© 47c: No. 5 yellow. 46%c: No 6 yellow 46'®46'.c No. 3 mixed, 44%c: No. 2 vellow 46©47%r; No. 3 yellow. 44%©46c: No. 4 vellow. 43© 44c; No. 5 vellow. 42%®42%c: No 2 white 4/%c; No. 3 white, 45%fa46c: No. 4 white 44c: (new and old' No. 2 vellow 46® 47%,Oats—No. 2 white. 35©36%c: No 3 whit" 35©35%c. Barley—4s®73c. Timothv $5 50 ©6. Clover Seed—slo.so® 13.50. Rve—No sales. Cash Provisions—Lard. $6 15 loose $5.87: leaf. $5.87; D. S bellies. $6. TOLEDO CASH GRAIN Bu T nited Brens TOLEDO, Nov. 16.—Grain close: iGrain in elevators, transit billing.). Wheat—No 2 red. 9.3© 94c. Corn—No. 2 vellow, 52© 53c. Oats—No. 2 white. 40©410. Rye—No. 2. 75%®76%c. (Track prices. 28%c ri*7 ' y V i?r al—No - 1 red - 90® 90%c; No. 2 red. 39 ®9oc. Corn—No. 2 yellow. 46%©48%rNo. 3 yellow. 44©47%c: No 4 yellow 42% © 44c. No 5 yellow. 41®42%c. Oats—No". 2 white. 37®38%c; No. 3 white. 36©37%c 'Toledo seed close! Clover December $(.75: March, $8; Alsike -Cash, $8.50 December, $8.70. NEW YORK SUGAR FUTURES —Nov. 16— High. Low Close. January 1.22 1.14 1.22 March 1.28 1.19 1.28 May 1.33 1.25 1.33 v 1 40 1.31 1.40 September 1 44 1 37 j 44 December 1.19 1.10 1 19

wy COLLATERAL / vU LOANS J No Co-M;ikpra Repaid Over a Whole Vcar The Indianapolis Morris Plan Cos. S. E. Corner Delaware anil Ohio St*. KI. 1536.

We Maintain Markets Indianapolis Street Improvement Bonds Witt. E. Shumaker & Company, Inc. 140S Circle Tower JA. 8354

We Trade Actively in REPEAL STOCKS I. G. Kahn & Cos., Inc. Investment Counselors Lincoln 6787 Suite 445 Illinoi* Bldg. Indinnapnll*

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 Indianapolis New York Pittsburgh Chicago MEMBERS: New York Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Curb Exchange Chicago Board of Trade New York Produce Exchange Chicago Stock Exchange Commodity Exchange, Inc., N. Y. New York Coffee and Sugar Exchange Co-Managers James T. Kamill Kenneth K. Woolling

AMAZING! Around the World ** Tourist 0^ J TR Minimum Join the select circle of circumnavigators, become broader, wiser, ' more amused, more amusing. Visit the most romantic and interesting places of the world, enjoy new thri.ls and strange sights that you'll remember as long as you live ... for no more than it would cost you to stay at home. For Complete Information Communicate With RICHARD A. KURTZ, MANAGER TRAVEL BUREAU The Leading Travel Bureau in Indianapolis ft UNION TRUST** SfeSkil© 120 E. Market St. RI ley 5:541

ORDERS FOR SELECTED AMERICAN SHARES, INC. EXECUTED AT THE MARKET OFFICIAL PROSPECTUS ON REQUEST We Maintain Active Markets on Indiana Real Estate Preferred Stocks and Mortgage Bonds Kiser, Cohn and Shumaker, Inc. Investment Securities Telephone Lincoln 2481 128 E. Washington St.

.NOV. 17, 19331

GRAIN FUTURES ! i MOVE DOWN IN NARROW RANGE Initial Scattered Selling Is Depressing Factor: News Scarce. RY HARMAN ,W NICHOLS United Press Staff Correspondent CHICAGO. Nov. 17—There was no incentive today and scattered selling developed to send grains off fractionally at the opening of the Board of Trade. Wheat futures ranged from unchanged to % cent lower, corn was unchanged to % cent lower and oats slipped % to \ cent beneath the previous finish. Traders continued to show bewilderment over the nervous money [situation and few paid attention to grain news. There has been a good mill and elevator demand for wheat of late and this fact is viewed as constructive. With, fundamental conditions strong, operators looked for further advances in corn and oats. Recent sales of white corn for export was watched with interest. Continued cold weather over the corn belt was looked upon with favor. Chicago Futures Range —Nov. 17— WHEAT— High. Low. 10 00. do<f' Der .90% .90% 90% 91 May 94% .93% 94% 94% j July 93 .91% .92% .92% ! CORN— Dec 48% .48% .48% .48% May 55% .54% .55% .55% July 57'* .56% .57 .57% [ OA.TS,,Dec 35% .34% .35% .35% May 39 38 % .38% 38% [July .38% .38 .38% .38% ! RYE - Dec 67 .61% .62 .61% May 68 . 67% 68 68% July 67\ .68% BARLEY— Dec .. .46% 47 May 52% .53 .52% 52% July ~ c 5314

Life Insurance and Annuities FANNIE C. GRAETER MaNa<>hii*pttK Mutual i.lfp In*. Cq. HIM) ( ontinentnl Hank Bldg.

I Insurance | See Is for ffi Yotir Insurance || A. J. Wichmann & Cos., Inc. |J 712 Circle Toner ||S[ H Hey 1810