Indianapolis Times, Volume 45, Number 173, Indianapolis, Marion County, 29 November 1933 — Page 11

KOV. 29, 1933.

“Rugged Individualism" Has Many Desirable Features, but Does Not Apply Similarly to All. BV RALPH RENDER SHOT Times Special Financial Writer

A grpat deal is being said these days about ‘ rugged individualism. " It is applied to people who wish lor no governmental interference in the conduct of their business affairs. Its stanchest supporters profess to fear that anything resembling a governmental paternalistic attitude toward business is likely to make “sissies" of the strong, hard type of men who were the trade pioneers of the country, and who brought the nation to its present high state of industrial efficiency. This type makes up for the most part those who are opposed to the NRA. the AAA and the general recovery program of the present administration. It is a dominant characteristic in those who would let the

nation work out of the depression through application of the theory of the survival of the fittest or of the rule of the jungle. Rugged individualists would let nature take its course on debts and all kinds of agreements. They figure the nation would be stronger if the strong were permitted to eliminate the weak. Most people agree that this theory has a number of highly desirable features, and a great many approve of it in principle. But its application has not always been satisfactory to some who otherwise might be inclined to support it. There are always those who cry ruggpd individualism from the front door and ask for government aims at the back door. a a a Have Maintained Lohbips Some of our most rugged individuate in business have been known to maintain lobbies in congress. Others have asked for subsidies in the way of tariffs, etc. Somf have contributed heavily to political campaigns with idea of getting special favors. A few

' 4 * L; v

Ralph Hcndershot

even have maintained security “preferred lists" for one reason or another and have licked .their chops over fat war contracts. When the depression descended upon us and every one began to get pinched in one way or another the rugged individualists were among the first to offer “helpful’’ suggestions to the government. They suggested, for instance, that the government grant loans to the railroads so that the carriers could meet their interest charges. The banks and insurance companies were the chief beneficiaries, for they held the securities. The railroads could have been allowed to go into bankruptcy, if necessary, without interfering with their service, for they could have been operated by receivers. a a a Bankers Would Have Lost Money It might not have been so well for the banks and insurance companies had a strict hands-off policy been carried out to its logical end. Many of their securities would have declined sharply in value, and some of them in turn might have gone bankrupt. But the cost of the bankruptcies could have been spread and the losses to depositors might not have been so great in reorganization if salaries had been substantially reduced, if capital had been absorbed and if the double liability clause had been applied. The bankers themselves would have lost considerable money, but they are among the most rugged of individuals. A dozen and one more instances could be cited where application of the rules of “rugged individualism" has not been evenly applied, such as between the guaranteed mortgage companies and the owners of small homes, but space does not permit. Many people have enjoyed themselves watching a ring' battle between a big man and a small one, but it would be a queer person, indeed, who would hand the big man a club under the circumstances.

New York Stocks <Br Abbott. Hoppin St Cos.)

Nov. 29 Oils — Prev. High. Low. 10 30. close Amerada ... ... 42 All Rfg 28-'* Ba rnsriall ... 9 8% 9 8% Consol Oil 11% 11 11% 10% Corn of Del . . 17% 16% Houston inewi.. .. ... . 4 M and Cont Pet 134* 13 1 4 Ohio Oil 14% 14', Shell tin Pi Pit Corp 10% Phillip: Pet.... Id 1 * 15% 15% 15% Pure Oil . 11*, 11 * 2 Boval Dutch 37% SI: 1 0.1 34 >4 34 Sk%lr- Oil 8% 2' .- So- \ r 15** 15’. S O Cal 41', 40 % 41’, 40 , S O C. Kan 35 Sill N.l . 44 44 1 H 41 43 ', Tr-.a Corp 25 7 * 25* 25 7 * 25’. 111. ter Assn 10' I 10‘a Aril 1 rr ,il Mills .. 16% Beth .; i 33'* 32’* 32% 32% Bvrr \ M ... 24'., Cruc Steel 18”, In and Steel ... 33 Ludln n Steel ... ... ... ll'.. M: K' port Tin .. . 87',; Natl S eel . 44*2 44'* 44 ’ 2 43' Rep Iron A St 14', 14 Rep 1- A S pfd . 31 U S Smelt . 90*2 90 1 1 90% 88’, Vanadium . . . ... 20 Mid S’ee| 11’, U S " pe At Fdv 17% U S S eel 44 43% 4.3', 43 li S ‘eel pfd am 4 80 Yo> 1 S A: T 20 ’2 19*., 29’a 20* It 1 Is— Atehi on 46 7 48’* At! Coast Line . . . 3! *4 B A O . 22’* 22 ’2 22'* 22 „ Call Pac 13 13 Ch .v Ohio. .. . 39’; 39 >, .39’ 2 .38 , Chi A- (it W . . 2"’* C M At St P 4* 4*4 C M A St P pfd 8 8 Ctli N W 7’2 Chi R Tsl 3’* Chi R I 7 . pfd 4% Del a A Hud ... 49% Erie 14 Or! Norlhern . 17% 17% 111 Central 27% 27% 27% 27 K C Sou 9 7 * Lou A Nash . 41 M K A- T 7 % N Y Cent . 34% 33*4 34 33% N Y C A’ St L p 16 N Y New Haven .. . . . . 16 N Y Ont A’ Wes .. ... ... 8% Norfolk A- Wes 150 Non Pac .. 19% Penn R R 26% 25* 4 Sou Pac 18’, 18% 18 •, 18% Sou R R 22 21*4 22 21 % Sou R R pin. ... 22 Union Pac. ... • 107 Wabash ... 2'* Motors— Auburn . 42% 4.3 Chrvsler 47 46 s * 46* 4 46 ■ Gen Motors 32 31% 31 7 * 31% Graham Mot ... ... .. 2% Hudson ••• %'s %% Hupp 3_4 Mack Truck 33 7 * Nash • • • • ■ 22 4 Packard •• • 4 4 Reo . . • ■• • . • 3 Studebaker .. 4% 4 m Yellow Truck.. 4% 4% 4% 4% Motor Access— Bendix .. ... . ■ • 13'* Bohn Alum ... ... . . 46% Borg Warner Briggs 3% Eaton Mfg ... 11% 11% Elec Auto Lite 16 15 , Murras Body 5% 5% Stew Warner ... ■ 5% Timken Rol ... ... 27 * Mining— Alaska Jun ... .. 21 > 21 Am Smelt . . 42% 42 42’s 41% Anaconda . 14% 14% 14% 14% Cal A Hecla ... . 4%. Cerro De Pasco. .. ... 33*4 32%. Granby ... ... 8% Gt Nor Ore 10 Homestake Min. .. .. ... 2#6 Howe Sound ... ... .. 30% lilt Nickel ... 21 s * 21% 21 s * 21% Isl Creek Coal .. . ... 27 Kennecott Cop 21 20% 20 s * 20% Noranda Cop ... ... 33% Phelps Dodge .... ... 16 16% Tobaccos— Am Snuff ... . . 48% Am Tobacco A.. .. 72% 73 Am Tobacco B . 74% 74% 74% 74% Gen Cigar ... 78 s * 1.-.gg A Myers B 84% Lorrillard ... 17 16% Reynolds Tob B. .. ... 46% 46% Equipments— Allis Chalmers.. .. ... 17* 17% Am Car A Fdv ... ... 22 Am Loco . 25 % Am Mach A Fdv 13% 13*4 Am Steel Fdv . 19 18% 19 18% Bald 1.000 10% 10% Burroughs 15 s * 15% Case J 1 .. .. 89% 69 69% 67*4 Cater Tract 22 22 Colgat Palm Feet .. ... ... 12 Congoleum ... ... . . 24 Eire St nr Bat 44 Foster Wheeler ... ... 14% Gen Am Tnk Car . . 28 Gen Flee 19% 19*4 19% 19% Gen R R Si* 29 Ingso. Rand 61% 60% Ini Bus Mach . . 39 In; Harvester .... 40 Kelt mator ... ... . . 10 % Na’l Ca ' Peg 14 True A Gamble. .. ... . . 4! Pullman Inc ... ... 43% Simmon Bed ... .. 16 West Air B 28 28 Westingh Elec ... ... 37% 37 Worthington P .. ... ... 22 Utilities — Am A For Pwr 9% Am Power A Lit 6% A T A T 118*. 118% llS’s 118% Am Wat Wks .... ... ... 17% Brook Cn Gas . .. ... .. 64*4 Cos! C.as A Fee 11% 11% Col G A E pfd 53 Com A Sou 1% 1% Consol Gas . . .. ... 37*2 37 s * Elec Pwr A Lit. .. ... ... 5% E P A L pfd 9 Int TA T 13% 13 13% 12% Lou GAEA.. .. ... 16-% ... Nat Pwr A Lit ... 9% North Amer 15% 15% Pac G A E ... I*** 17% Pub Serv N J 35 35*4 So Cal Edison 16% 16 Std Gas B*. Std Gas pfd 8% United Corp 5% 5% Un Gas Imp Ut Pwr A Lit A .. ... 3% Western Union 54*4 53 Rubber*— Firestone 20% 20% 30 . 19 , Goodrich * 13% 13*, Goodvear ... 35V* 35 35% 34% U S Rubber ... .. 16% 16% U S Rubber pfd 27% Amusements— Crosiey Radio 9 Tex A ......... *s 13

Wall Street.

Loews Inc 28% 28' 2 28% 28% Radio Corp . .. . 6% 6% UKO 2% 2 Warner Bros . . 5% 51, Foods— Am Sugar ... 52(4 Borden I’rod . 20% 20% Cal Packing 20% 20 20% 20% Can Dry G Ale. .. .. 25% font Bak A 8 Corn Prod ... $9% 69 Grm of Wheat . . 28% 28 Gen Foods 35% 35 35% 331. Gold Dust . .. , 17% 17% G W Sugar .... ... 3s % Loose Wiles . . 40% 4! , Natl Biscuit 47 % 46% Nat' D Prod. 14 14 -Lviv Bak 13% 131., S rods Rico Sug . . . 341, Ofd Brands . 64% 63% 64% 63'* Wrigley 55-% Retail Stores— Ass Dry Goods. .. ... ... 12% Be -t A: Cos ... 26' * Gimbei Bros .... . . gi B Gimbel pin ' 22% Or Un Tea . 4% 4% 4% 4% Hahn Dept Sts.. .. 5% g< 4 Jewel Tea 34 K re: eo S S 12 % Kroger Groc . 23 0 2% Mary R H 50 Mont Ward . 21% 21% 21% 21'. Penny J C ,41 51% Safcwav St ... . <131., Sears Roebrk 42% 4i% 42% 41% Wooiworth , . 39*8 39% Aviation— Aviation Corp ... 7% 71. Doug's: . Air , . . . 13 ■ 8 Cur, is.. Wright ... 2% 2% i urtiss Wn IAI. .. ... .4% Nor Am Av ... 5% United Airraft.. 31% 31% 31%. 31% ( hem'ais— Air Reriution .... 99 Allien Chem 139 139% •\m Cos n Alcohol 46 Col Carbon .. 59% 49 com Solvents.. 30% 30 30 29% Dupont 86% 85% 85% 84% !report Tex.. .45 44% 44% 45% Liqu.d C'arb . . ... . . . 23% Math Alkali 41 40% 41 39% Tex Gulf Sulph . . 41% 41% Union Carbide 44% 44% 44%. 44% U S Indu Alcohol . ... 59% 58% Nn( Distl 26% 26% 26% 26 Drugs— Co:v Inc ... .. 4% Lambert 29% 30 Zonite Prod ... 7% 7% Financial— Adams Exp .. 8 7% Allegheny Corp . .. ... ... 3% Che a Corp . . 32%. Transamenr* 6% 6% 6% 6% Tr Conti Corp.. .. ... ... 5 Building— Am Radiator ... 13% 12% Gen Asphalt 16% 15% 16% 15% lilt Cement ..... ... ... 30 Johns Manville. . 54% Libby Gwens Gls 31% 31% 31% 30% Otis Elev 13% 13 13% 13% Ulrn Const .. ... ... 2% Miscellaneous— Am Bank Note.. . 12% 13 Am Can 96% 95% 96 95% ' nchor Cap ... ... 19% Brklvn Man Tr. . . 28 Contl Can . 70% 70% 70% 69% Eastman Kodak. .. ... 77 76% Owens Bottle ... ... 79% Gillette 10% 11 Glidden ... 15% 14% Gotham Silk ... 7% Indus Ravon ... 77% 76 Inter Rapid Tr ... 9% Real Silk Hose. .. ... ... 9

Federal Farm Loan Bonds

tßv Blyth Sc Cos.. Inc.) - Nov. 28Bid. Ask. 4s Nov. 1. 1957-37 79% 80% 4.s May 1. 1953-38 79% 80% 4%s July 1. 1956-36 80% 81 % 4%s Jan. 1. 1957-37 80% 81% 4%s Mav 1. 1957-37 80% 81% 4%s Nov. 1. 1958-38 80% 81% 4%s Dec. 1. 1933-32 99% 100% P.-s Mav 1. 1942-32 86% 87’■ 4%s Jan. 1, 1943-33 86% 87% 4%s Jan. 1. 1953-33 82% 84 4%-s July 1, 1933-33 82% 84 4' > Jan. 1. 1955-35 82% 84 4%s July 1. 1955-35 82% 84 4%s Jan. 1. 1956-36 82% 84 4%s July 1. 1953-33 86 87% 4%s Jan. 1. 1954-34 86 87% 4%s Julv 1. 1934-34 86 87% 5s Mav 1. 1941-31 92% 93% 5s Nov. 1. 1941-31 92% 93% Home Loan 4s. July 1. 1951 ...83 83%

U. S. Government Bonds

By United Prrx * NEW YORK. Nov. 28.—Closing Liberty bonds: Decimals represent thirtv-secondsi LIBERTY 3%.* ,32-47' 1002 First 4%s '32-47' 100.24 Fourth 4' 4 s ' 33-38 101 16 Fourth 4 1 4s ,33-38 called 101 12 TREASI RY 4 '* ' 4 "-52' 105 20 4%s 3', ,43-45' 99 16 4s - 44-45 ifp 1 ; 4S - 3 * iV * S 43-4 OQ q 3As ,41-43' March 99 14 3 ,s (40-43i June .. 99 16 3%s ,411 -..- ■ qq'qq 3%s ,46-49' 97^

Daily Price Index

Bn t nit 1 <1 l*rets NEW Y'ORK Nov 28 Dun A- Brad-s'-eet s daily weighted price Index of eighty basic commodities, compiled for the United Press (1930-1932 Average. 100'. Today 99 64 Yesterday 99 35 Week Ago 10145 Month Ago 101 08 Y'ear ago 78 67 1933 High 'July 18' 113 52 1933 Low Jan 2fli , 67 86 Copynglv 1933. by Dun A- Br.vdstreet. Inc NEW YORK RAW SUGAR FI TI RES —Nov. 28— High. Low Close January 1 25 1 22 1 22 Mar-h 1 30 1 26 1 27 Ma> 1 37 1.32 1.32 Julv 1 42 1.37 1 37 September 1.47 1.42 1 42 December 1.19 1 17 1 17

STRONG RALLY FORCES STOCK SHARES HIGHER Weak Dollar and Strength in Gold Price Are Factors.

Average Stock Prices

Average of thirty industrials yesterday: 97.79 high. 95.59 low, 96.23 last, up .46: average of twenty rails. 38.29. 37 39. 37 65. o!T 2r. average of twenty utilities. 2412 23 44. 23 56 off 15. average of forty bonds, 80.04. off 24. BV ELMER C. WALZER t'nitpd Press Financial Editor NEW YORK. Nov. 29.—Further recession of the dollar, a rise to a record high in the R. F. C. gold price and a rise in steel operations brought a rally into stock and commodity markets today. Stocks rase fractions to more than 2 points, while cotton futures were up an average of 50 cents a bale. Bonds were irregular in a narrow range. Mining issues and farm equipments made the best gains on the Stock Exchange. Mail order issues also were in demand. Oils ruled firm, as did chemicals, while utilities held around the previous close. United States Steel common was an early feature. It opened at 43%, up %, and then rose to 44. The Iron Age found demand for steel increasing and noted mill operations ahead of the scheduled rate. The country's rate was placed at 28 per cent of capacity, against 27 1 2 per cent last week. All markets will be closed tomorrow—Thanksgiving day —and some traders were evening up commitments for over the holiday.

Bank Clearings

INDIANAPOLIS STATEMENT —Nov. 28Clearings $1,457,000.00 Debits 5.154,000.00 TREASURY’ STATEMENT —Nov. 29Net balance for Nov. 27 . $1,122,094,249.90 Misc. int. rev. repts 2,924.163.79 Customs repts. (mo. to da.) 25.039,021.17 New York Curb (By Abbott. Hoppin & Cos.) —Nov. 28Close Close. Allied Mills 8 iGreat Atl & P 131 Alum Cos of Am 74 Glen Alden Coal 12% Am Cyanide B' 11% Gulf Oil of Pa. 54% Am & F P War 6% Hiram Walker . 37% Am Gas A E 1... 19% Hud Bav Min. 9% Am Superpower 2% Humble Oil .... 94% Ass Gas A’ E 1... % Imperial Oil Ltd 13% Atlas Corp .. .. 11% Int Pptrol ... 20% Brazil T A Lt 12 Lake Share Min 45 British Celanese 3% Natl Bellas Hess 2% Can Ind Ale A 15 Newmont Min. 49 Can Marc 2% Nia Hud Pwr... 5% Cities Srrv . ... 2 Novadel Agene.. 47% Commomv’th Ed 35% Park Davis .... 22% Consol G of B 46% Pefin Road 2% Cord Corp .... 7 S' Regis Paper. 2% Creole Petrol . 10% Sal Creek Prod 5% Deere A C 0.... 30% Shewin Wms... “2 Distillers Lim . 20% Std of Ind 32% Dis'illers Corp 18% Std of Ky .... 15% Dow Chem .... 70 Technicolor Ind. 10 El Bond A Sh.. 13%I>ck Hughes G. 5% Fisk Rubber ... 7 Un Pwr ALt A 2% Ford of Can A 15% Wright Harg's M 7 yord of Europe 5%<

Foreign Exchange

(By Abbott, Hoppin A Cos.) —Nov. 28Close. Sterling. England $5.15 Franc, France 0616 Lira. Italy 0289 De’.gias. Belgium 21185 lark, Germany 3760 Guilder, Holland 6350 'eseta. Spain 1287 Krone. Norway 2595 Krone. Denmark 2303

Investment Trust Shares

(By Abbott., Hoppin A Cos.) -Nov. 28 - Bid. Ask. American Bank Stocks Corp. . 68 .87 American A General Sec A.. 3 00 5.00 American Inv Tr Sh 1.50 2.50 Basic industry Shares 3.15 3.25 British Type Inv Tr Sh 48 .54 Collateral Trustee Shares A . 4.34 4.55 Corporate Trust Shares (old) 2.15 2.19 Corporate Trust Shares inewi 2.22 2.25 Cumulative Trust Shares .... 3.85 3.90 Diversified Trust Shares A... 625 .... Diversified Trust Shares B . 6.87 7.12 Diversified Trust Shares C... 2.93 2.98 Diversified Trust Shares D... 450 4.62 First Insurance Stock Corp. .. 1.28 1.32 First Common Stock Corp .. .83 .98 Fixed Trust Oil Shares A 8.10 8 30 Fixed Trust Oil Shares 8.. 6.75 6 95 Investors Inc 16.75 17.00 Low Priced Shares 5 20 5.35 Mass Inv Trust Shares 17.25 17.50 Nation Wide Securities 2.98 3.10 North American Trust Sh , 53• 1.80 No American Trust Sh (55-56) 2.26 2.30 Petroleum Trust Shares A... 8.00 11.00 Selected American Shares .... 2.50 .. Selected Cumulative Shares . 6.60 675 Selected Income Shares 3.25 3.50 Std American Trust Shares A 285 2.90 Trust Shares of America 2.75 2.80 Trustee Std Oil A 5.30 5.40 Trustee Std Oil B 4 82 4.92 U S Electric Lt A Pwr A. . . 10.12 10.50 Universal Trust Shares 2.88 2.92 CHIC AGO FRI IT MARKET By United Pres* CHICAGO. Nov. 9. —Fruit and Vegetables Apples. Michigan Jonathans, bushel. $1.25® 1.50: spies, bushel. $1.15® 150. Carlotslllinois, bushel. 50® 65c. Spinach— Illinois, bushel. 15® 60c. Beans- Southern green. $1®1.35; wax. $1.50',, 2.75, Mushrooms—lllinois. 15® 30c. Tomatoes—California, $1.25®2; Illinois and Ohio hothouse. 75® 85c. Beets—lllinois, bushel, 50® 65c: crate, $1.50® 1.75. Leaf Lettuce— Illinois hothouse, box, 15® 17%c. Celery— Michigan, square crate. 40® 85c. Cabbage Wisconsin, crate. $1.25® 1.50. Onion Market- Washington and Idaho, Valentias, bushel. 75® 90c: Wisconsin yellows, bushel 65® 80c; Indiana yellows, bushel. 651/800 Illinois yellows, bushel. 65® 80c; Midwestern whites, bushel. $1.25.

In the Cotton Markets

—Nov. 28— CHICAGO High. Low. Close. January 9.87 9.75 9 87 March 10 08 9.92 10.02 May 10.23 10.11 10.17 July 10.32 10.20 10.29 October 10.50 10.40 10 50 December 9 80 9.70 9.80 NEW YORK January 9 88 9.71 9.84 March 10 03 9.89 9 98 Mav 10.17 10 03 10.13 July 10.29 10.13 10.25 October 10.48 10.37 10 44 December 9.82 9 60 9.76 NEW ORLEANS January 9 78 9 64 9.79 March 10 00 9 80 9.95 Mav 10.15 10.03 10 10 Julv 10 27 10.16 10.22 October 10 42 10.40 10 40 December 9 81 9 65 9.74

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 2a cents per ton is allowed DOMESTIC RETAIL PRICES Anthracite *14.25 Coke, nut size 8 75 Coke, egg size 8.75 Indiana forked lump Indiana, egg 5.25® 550 Indiana, mine run S.OOfi 525 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 825 West Virginia lump 6 75 i West Virginia egg 850 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and *1 a ton for coal carried to i bin. Inspect Beer Places Beer drinkers of the city are being protected. Officials of the city health board this afternoon announc'd that the 470 beer dispensing places in the city are being inspected every two weeks. I

THE INDIANAPOLIS TIMES

On Commission Row

Nov. 29 FrnH* Cranberries—Cape Cod early blacks, 25lb. box. s2® 2 15. Grapes California emperors, crate. $1.65 Melons—California Honeydews tG-12s), $2 50. (13-15*1. $1 75. Pears—Washington D Anjou <9O-185s>. $2.75; Washington Bose <IOO-135*). $2.75; Avacos, Fla. <IQ-I6si, crate. $2. Bananas—Per pound. 5%c. Apples—Wealthy. W T olf River. Grimes Golden, Jonathan Florida. *1.25®1.75 a bushel; fancy Jonathans, $2 a box. Grapefruit—*3® 4. Prunes—ldaho Italian, 16-lb. lugs. sl.lO. Oranges—California Valencias, $3.50 2 4 a box. Lemons— i.36os>. 54.50®5.25. Vegetables Cabbage—Eastern Danish, 50-lb. bag, $1.35. Onions—Utah Spanish. 50-lb. bag, $1 25; western white, 50-!b. bag. $1 40; Indiana white. 50-lb. bag. $1.25; Indiana, yellow. 50-lb. bag, 85c; 10-lb. bag. 18c. Beans—Round 1 stringless, hamper. $1.75 ®2; flat stringless. $1.25. Beets—Bulk per bushel. 85; California, Esc per dozen. Peas—loo-lb . *4. Carrots—California. $3 crate. Cauliflower—California (11-12s). crate $l5O. Celery—Michigan Mammoth, bunch, 65c; medium bunch, 45c. hearts. $1: 15-bunch flat crate. $1; California. $3 crate. Cucumbers —Florida. $3.50 bushel; hothouse. $1.15 per dozen. Lettuce —Iceberg best (4-ss) crate, $4.50; hothouse, 15-lb. basket, $1; Michigan endive. $1.50 per bushel. Radishes—Hothouse button, 40c dozen. Spinach—Broadleaf, per bushel, 75c. Turnips—Per bushel. 75c. Tomatoes—Hothouse, $1 8-lb. basket. Potatoes—Northern Round Whites. 100lb. bag, $1.50411.65; R. R. Ohios, 100-lb. bag. $ 1.50® 1.65; 15-lb. bag. 33c; Wyoming triumphs. 100-lb. bag. $2.10. Sweet Potatoes—lndiana Jerseys, No. 1 bushel, $1.60. Nancy Halls, per bushel, $1.25.

Produce Markets

Delivered in Indianapolis prices—Hens, 9c; Leghorn hens. 6c; heavy breed springers, 8c; Leghorn springers, sc; cocks. 5 lbs. and up. 6c; under 5 lbs., 4c; ducks, 4'2 lbs. and over, full feathered and fat, 6c; under 4% lbs., 4c; geese, full feathered and fat, sc. Turkeys—No. 1 young hens, 8 lbs. and over, 11c; young toms, 12 to 20 lbs., 11c; No. 1 young toms over 20 lbs., 9c: old toms. 7c; No. 2 thin crooked breasted, sc; No. 1 strictly fresh country run eggs, 24c; strictly rots off; each full egg case must weigh 55 lbs. gross; a deduction of 10c a pound lor each pound under 55 lbs. will be made. Butter—No. 1. 25® 26c: No. 2. 22®23c. Butter—No. 1, 25 fa 26c; No. 2, 22@23c. Butterfat— 18c. Quoted by the wadley Company. BV UNITED PRESS CHICAGO. Nov. 29.—Eggs Market, steady; receipts, 515: extra firsts. 24c; fresh graded firsts. 22c; dirties, 114; 13c; checks 10j7 lie; current receipts, 174t19c. Butter —Market, steady; receipts, 11,174; specials. 22%4i23' 4 c: extras. 22Vic 192 score); storage standards (90i 18%c; storage extras ' 921 19' 4 c; extra firsts * 90-91 *i 20%4/21c: firsts 188-89 1 21 17%4/20c seconds 186-87 1 2 16%4/ 17c; standards (90) 21' 4 c. Poultry—Market. unsettled: receipts 30 trucks, 1 car; heavy hens. 10' 2 c; light hens. 8c; Leghorns. 7 ! 2 c; Plymouth Rocks chickens. 10® 10%c; White Rocks. 9 ft 10 1 2c: White Leghorn chickens. 8c; ducksß%c; geese, 9c; turkeys (voting toms and hens,). 154/16c; turkeys iold No. 2, grades). 10® 12c; roosters, 6%c. CheeseTwins, ll%i/12c; Longhorns. 12 1 4 0/12 1 2 c; flats, none; Americas, none; S. daisies, 12 %® 12c. Potatoes—Supply liberal; demand and trading slow; market dull. Wisconsin Round Whites $1.25: Idaho Russets, $1.60® 1.65; Minnesota and North Dakota Red River Ohios. $1.17%® 1.25; Colorado McClures $1.55: shipments, $4.38; arrivals. 69; on track. 312. NEW YORK. Nov. 29. —Potatoes, steady; Long Island. $1®3.60 barrel; Maine, sl® 3 barrel: Idaho, $1.85® 2.10 sack: Bermuda, sß®. 12 barrel; Canada, sl4/1.70 barrel. Sweet Potatoes Firm; Jersey. basket, 40c® 1.25; southern, barrel. $1.25® 1.75; southern, basket. 60c® 1.12. Flour -Dull; springs: patents. $6.35® 6.65 sack. PorkSteady; mess. sl7 per barrel. Lard- Firm; midwest spot. $5.05® 5.15 per 100 lbs. Dressed Poultry- Steady; turkeys, 12® 23c: chickens. 8® 18c; broilers. 11 (a 12c; capons. 17®28c; fowls. 9®lsc; ducks, 11® 14c; Long Island ducks, 15%4/16c. Live Poultry—Steady; geese.' 84; 12c: turkeys. 134/23c; roosters, 9c; ducks, 84/12c; fowls, 94; 15c; chickens, 104; 16c: capons. 144;23c; broilers, 84; 16c. Chees —Firm: state whole milk fancy io spccitls, 20 : g IHgc- young America. 12% 4; 13' 2 c. Butler—Receipts, 9.849 packages; market, steady; creamery, higher than extras, 23%4/24%c: extra. 92 score, 18%4/20%c; seconds, 174; 18c. Eggs —Receipts, 14,487 cases; market, firmer; special packs, including unusual hennery selections. 304;34c: standards. 25®29c; firsts, 24c: mediums, 17%c; dirties, 184; 18c; checks, 16c. CLEVELAND, Nov. 29. Butter- Market, steady; extras. 26' 4 c: standards. 25' 4 c per lb., in tubs. Eggs -Market, steady; extra white. 27c; extra brown. 23c: extra firsts, ,?2c; current receipts. 21c; fresh pullets, 18c. Poultry—Market, strong: colored fowl. 4*2 lbs. and up, 13c; colored fowl, medium. 10c; leghorn fowl. 3' 2 lbs. and up, c: leghorn fowl, light, up lie springers leghorn. 9c: broilers, colored. 10c; capons, 174; 18c ducks, white, 5 lbs. and up, 10c: ducks, light. 8c; geese, heavy, fat. 11c: ordinary 9c; turkeys. 16c; old toms. 12c: old roosters, 7. Potatoes—(All quotations based on U. S. No. 1, and 100-lb. sacks); Maine green mountains and cobblers, best, mostly $1.85; partly graded. $1.75 Idaho russet burbanks, mostly $2; few fine quality. $2.10® 2.20; Michigan cobblers. $1,354/ 1.50: Ohio best. $1.40; partly graded. $1.25 4/Y.30; Pennsylvania, $1.35® 1.40. CINCINNATI, Nov. 28 Butter—Packing stock Nn. 2. 12c; No. 3.8 c; butterfat, 17c. Eggs—Steady (cases included); extra firsts. 29c: firsts. 24c: seconds. 19c- nearby ungraded, 26c. Live poultry (following quotations represent prices for poultry in good healthy condition. Thin and coarse stock sells only at heavy discount 1 —Fowls, 5 lbs. and over, 10c; 4 lbs. and over, 8c: 3 lbs. and over, 7c; Leghorns, 3 lbs. and over, 7c; roosters. 6c; colored broilers. 2 lbs. and over, 10c: colored fryers. 3 lbs. and over. 11c: roasting chickens. 4 lbs., and over. 13c; Leghorn broilers. 3 lbs. and over, 7c; Leghorn fryers, 3 lbs. and over, 7c: capons, 8 lbs. and over 18c; under 8 lbs.; 13c; ducks, under 3 lbs. sell at liberal concessions; ducks, white 4 lbs. and over, 8c; under 4 lbs., 7c; colored. 4 lbs. and over, 7c; under 4 lbs.. 6c; guineas, old, 6c; young guineas, 1% lbs. and over, 10c: 2 lbs. and over. 10c; No. 1 young turkeys, young hens, 8 lbs. and over, and young toms. 10 to 15 lbs., 13c; young toms, over 15 lbs.. 12' 2 c.

Other Livestock BY UNITED PRESS. CHICAGO. Nov. 29.--Hogs—Receipts. 12.000. including 6.000 directs; steady to 10c higher than Tuesday; 170-300 lbs.. $3.75® 3.90; top $3.90: most light lights. J3 #3.50; pigs, $2.25® 3; packing sows, $2.75 ®3.10; light 14C ’6O lbs., good and choice. s3®3.ba; light 'ight, 160-200 lbs good and chtcce, $3.40® 3.90; medium weights. 200-250 lbs., good and choice. $3.75® 3.90: heavy weights. 250-350 lbs. i good and choice. $3.40® 3.90: packing sows. 275-550 lbs., medium and choice. $2.65® 3.25: slaughter pigs. 100-130 lbs., good and choice. $2.25® 3. Cattle Receipts. 5 000; calves, 1.500; fairly active trade on light | heifers and mixed yearlings but slow on medium weight and weighty bullocks; best | light, yearlings $6.25; several loads long ! yearlings. $6®6.15; best weighty bullocks $5.65; bulk heavies. 54.50®5; others steady , slaughter cattle and vealers: Steers 550900 lbs. good and choice. $5.50® 6.50: 9001 1.100 lbs., good and choice. 55®6.25; 1 1001.300 lbs., good and choice. $4.75® 6.25: 1.300-1.500 lbs., good and choice. 53.75® 5.75; 550-1.300 lbs., common and medium S3® 5; heifers. 550-750 lbs.. good and choice. $5.25®6.50: common and medium. S3® 5.25; cows good, s3® 4: common and medium. $2 25® 3; low cutter and cutter. $1.50® 2.25; bulls (yearlings excluded', good ibeefi. $2.75®3.25; cutter common and medium. s2®3; vealers. good and choice 54® 6: medium. $3.25® 4; cull and common. $2.25®3.50; stocker and feeder cattle' steers. 550-1.050 lbs., good and choice. 53.50 ® 4.50; common and medium. $2.50® 3.50. Sheep—Receiots. 7.000 steady on good to choice lambs. s7® 7.25; best higher; best ewes. $3: slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $6.75 #7 40: common and medium. ss®7: ewes 90-150 lbs., good and choice. 51.75W3; all weights common and medium. $1.25®2.25: feeding lambs 50-75 lbs., good and choice, 55.50® 6 10. KANSAS CITY, Nov. 28—Hogs—Receipts. 5,000. including 80 directs: fairly active, mostly 5 to 10c lower than yesterday's average: top, S3 65 on choice 180 230 lbs.: light lights. 140-160 lbs.. $3.15® 3.55: light weights. 160-200 lbs.. $3 40® 3.65; medium weights. 200-250 lbs.. $3.55® 3 65: heavy weights. 250-350 lbs. $3.40® 3.60; packing sow s. $2.50® 3.15: feeder and stocker pigs. $2.50® 3 Cattle—Receipts. 8.I 500; calves. 1.000: killing classes of cattie opening steady: fed steers, however, in liberal supply, market not fully established. Stockers and feeders steady; top light mixed yearlings. $6: choice. 1.014 lb., 1 vearling steers, 55.75: heavy steers. $5; , steers, good and choice. S5 50-1.500 lbs.. 53.75ff6.25: steers, common and medium. $2 75® 4.75; heifers, good and choice. 590900 lbs . $4.50® 5 58: cows, *2.15® 3 25: vealers. s3®6: stocker* and feeders. $3.25 ®4.85. Sheep—Receipts. 4.000; lambs, steadv to 10c higher; odd lots sheep, steady; top native and fed lambs. $7.10. TOLEDO. Nov. 29.—Hogs—Receipts. 155; market 5c to 10c higher: heavy vorkers. S3 75: mixed and bulk of sales, 53.65®3,75, pigs and lights. S3® 3.25: medium and heavies. $3,254/3.70: roughs. S3® 3.25 Cattle —Receipts. 100: market, steady. Calves— Receipts 100; market 25c to 50c higher: choice to extra. $6.50: fair to good, ss® 6. Sheep and lambs—Receipts, light; market. steadv.

FORTUNE SPEAKER AT EXCHANGE CLUB LUNCH Indiana Red Cross Chairman to Talk at Friday Session. Principal speaker at the Exchange Club luncheon Friday at the Washington will be Wfiliam Fortune, Indiana Red Cross chairman, who will speak on Red (Loss work.

PORKER PRICES REMAIN STEADY AT STOCKYARDS Cattle Market Displays Weak Trend: Veals Are Strong. Pork market resumed a steady trading range at the local stockyards this morning and all classes were selling at yesterday's avearge. Receipts were slightly smaller and demand showed slight strength. The bulk, 160 to 275 pounds, sold for $3.55 to $3.65. Heaviest grades weighing 275 pounds and up brought $3.35 to $3.50, while 140 to 160 pounds were selling at $3.50 to $3.60; 120 to 140pounders were salable at $3.20 to $3.40. Light pigs sold at $2 to $2.75. Receipts were estimated at 5,000. Holdovers, 215. Weakness appeared in the cattle market, with practically all classes of slaughter steers less active than the previous session and showing a lower price trend. Bulk steers sold at $4.25 to $5.75. Receipts numbered 1.000. Vealers moved 50 cents to $1 higher, selling at $6.50 down. Early top held at $7. Receipts were 500. Trading in the lamb market was around 25 cents lower, with ewe and wether grades selling at $6.50 to $7. Bucks were discounted at sl, while throwouts ranged down to $4. Receipts were 1.000. Following a two-day strike of union workers at the Chicago stockyards, trading was resumed today and initial asking was 10 to 15 cents higher. Few early bids held steady at $3.85 down. Receipts were estimated at 12,000, including 6.000 directs; holdovers, 4,000. Cattle receipts numbered 5,000; calves, 1,500; market, strong. Sheep receipts were 7,000; market, unchanged.

HOGS Nov. Bulk. Top. Receipts. 23. $3.55® 3.80 $3.80 5,000 24. 3.75® 3.90 3.90 6.000 25. 3.70® 3.80 3.80 6.000 27. 3.55® 3.65 3.65 12.000 28. 3.55® 3.65 3.65 10,000 29. 3.55® 3.65 3.65 5,000 Market, steady, (140-160) Good and choice...* 3.50@ 360 —Light Weights—--1160-180) Good and choice.... 3.65 (180-200) Good and choice ... 3.65 —Medium Weights—-(2oo-220) Good and choice.... 3.65 (220-250) Good and choice.... 3.60® 3.65 —Heavy Weights—-(2so-2901 Good and choice.... 3.50® 3.55 (290-350) Good and choice ... 3.40® 3.50 —Packing Sows—(3so down) Good 2.75® 3.00 1350 up) Good 2.60® 2.90 (All weights) Medium 2.35® 2.75 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50@ 3.20 CATTLE Receipts, 1,000; market, steady. (1.050-1,100) —* Good and choice $ 4.50® 600 Common and medium 2.50® 4.50 (1.100-1,500) Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (650-7501 Good and choice 4.75® 6.25 Common and medium 2.50® 4 75 (750-900) — Good and choice 4.25® 6.00 Common and medium 2.00® 4.25 —Cows— Good 2.85® 3.25 Common and medium 2.00® 2 85 Low cutter and medium I.oo®' 2 00 —Bulls (yearlings excluded'Good (beefl 2.00® 2.75 Cutter, common and medium.. I.oo® 2.00 Y'EALERS Receipts. 500; market, higher. Good and choice $ 6.50® 7 00 Medium 3.50® 6.00 Cull and common 1.50® 3.50 —Calves—-(2so-500) Good and choice 3.50® 4 50 Common and medium 1.50® 3.50 —Feeder and Stocker Cattle—-(soo-800) Good and choice 3.50® 4 50 Common and medium 2.00® 3 50 (800-1.500) Good and choice 3.50® 4.50 Common and medium 2.00® 3^50 SHEEP AND LAMBS Receipts, I.OOO: market, lower. '9O lbs. down) Good A choice.s6.so® 700 '£2 down) Com. and med.. 4.00® 6.50 (90-110 lbs.) Good and choice.. 6.25® 7.00 —Ewes— Good and choice 1.75® 2 75 Common and medium 1 I,oo® L 75 Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111., Nov. 29.—Hogs— Receipts, 7.000; market, moderately active generally 54/ 10c higher than Tuesday’s best time: top, 53.7a; early sales. 1.50-230 lbs.. $3.654/3.,0: 120-150 lbs.. $2,754/ 3 60' a few sows. $2.604/2.80. Cattle—Receipts, i-'u 0- calves, 1,200; market, steers in liberal sully, market not developed, indications about steady: two loads light weight steers, $5,604/5.75; vealers 25c higher with top $6.25; other classes steady; a few better kinds mixed yearlings and heifers strong: top mixed yearlings $6; other deals, $5.90 clown; cows, $2,254/ ■■ i, °'lio £ott ers ' $1,254/ 1.50; top sausage bulls, $2./5; slaughter steers, 550-1,100 lbs., gpod an choice, $54/ 6.25; common and me--52,754/5,25; 1.100-1,500 lbs., choice, $4.75® 5. < 5 : good. $44/5.50: medium. $3.25 ® 5. Sheep—Receipts, 1.000; market, early lamb sales confined to butchers with a few lots $7,254/7.40; receipts, light; r, ?? " JS - down, good and choice! $6,754/ 7.50: common and medium. $3,504/ 6.7a; yearling wethers. 90-110 lbs., good and choice. $4.50®5.75; ewes. 90-150 lbs good and choice. $1,504/2.75; all weights! common and medium, sl4/2. CLEY’ELAND. Nov. 29.—Cattle—Receipts, 150. market. 25c higher in good, active trade; all sold early; steers ranging between $3,254/ 6.25, accordingto weights and grades: common to good heifers. $34/ 4.75medium to good cows, $24/3: bulls 324/3 Calves—Receipts, 300; active and steadv; all sold: choice to prime, $6,504/7; choice to good. $64/ 6.50: common. $24/4. Sheep - Receipts, 2,500; active and steady in good cleanup; choice wethers. $2,504/ 3."25: choice spring iambs, $74/ 7.50; good tt choice, eq D7; medium to good. $5476; common and cull, $34/ 4.50. Hogs—Receipts, i.200' m.l; - ket 10c to mostly 20c higher with local packers taking all available receipts: heavies, $44/4.10; butchers and choice yorkers, $44/4.10; stags. $24/3.25. LAFAYETTE. Nov. 29.—Hogs—Market steady: 170-225 lbs.. 53.454/3.50; 225-27 b lbs.. $3,354/3.40; 275-325 !b.-.. 53.254/3 30' 140-170 lbs.. $3.15®3.40: 100-140 lbs. $2 50 # 2.90; roughs. $3 donn; top calves, $54/ 5.50; top lambs, $6. FT. WAYNE, Nov. 29.—Hogs—Receipts 5C to 10c higher: 160-200 lbs.. $3 55' 250300 lbs.. $3.45; 300-350 lbs.. $3.30, 150-160 lbs.. $3.50; 140-150 lbs . $3.40: 130-140 lbs., $3.25; 100-10 lbs.. $2.75® 3; roughs, $3; stags. $1.75. Calves—s6.so. lambs, S7. By Time * Special LOUISVILLE. Nov. 29.—Cattle—Receipts. 150; supply light; market, active and (ullv steady to strong with Tuesday's livels; bulk common to medium slaughter steers and heifters. $34/4; best fed light weights, quotable to $5 and above; bulk beef cows. s2® 2.50; low cutters and cutters, sl4/1.75; sausage bulls, mostly $2.50 down: common to medium native stockers and feeders, s2® 3: desirable Hereford heifer stock calves, mostly $4 50 Calve sßeceipts. 175; vealers. steady: bulk better grades, $4.50® 5: medium and, lower grades. S3 50 down. Hogs—Receipts. 800; weights 175 lobs., down 10c lower; all other weights and classes. 10c higher; 180-275 lbs , $3 an 280 lbs. and up. 53.20; 140-175 lbs.. 53.35: 110-135 lbs., $2.55; 105 lbs., down $2.05; sows, $2 50: stags, $1.25. Sheep—Receipts. 75; steady, mostly $5,504/6 for bulk; medium to good lambs, choice offerings to $6.50; bucks, mainlv $4,504/5- throwouts, $3.50, and fat ewes. sl4/2. Receipts Tuesday—Cattle. 219; Calves. 221; hogs, 896, PITTSBURGH. Nov. 29.—^logs—Receipts. 1,500: generally steadv, active. good clearance; top. $4 30: bulk 170-220-lb. weights. $4,254/ 4.30 220-260 lbs. s4l/4.30 260 lbs. up. $3,754/4: 120-140 lbs S3 25i/ 3 50: packing sows. $34/3.50 Cattle—Receipts. 20; nominal; top loads vearling drv fed steers, Monday. $5 50 "Calves—RecriptS’ 100; active. oOc higher: top vealers, $7 50; medium, $54/6; cull and common. s2® 4.50 Sheep—Receipts. 300: steadv with yesterday's bulk; top. 15c lower; bulk, 66-90 lbs., fat lambs, s7® 7.50; sheep steady. CINCINNATI, Nov. 28.—Hogs—Receipts. 4,600 including 234 direct and through; holdover 200: market, steady, to 10c lower; about half of run unsold; sows steady to weak: top $3.90: bulk 150-250 lbs . early". 53.80 ® 3.90. few 260-300 lbs.. *3.40®3.60: some 130-150 lbs . $3.25® 3.50; most of these unsold: better sows around $2 75. Cattle—Receipts. 600; calves, receipts. 400; market active, generally steadv to strong: some bulls showing steadv to 25c higher deal: bulk steers and heifers. $3.50®4.75: small lots best kinds. $5.5047 6: buck fat cows, $2,251/3: cutter and low cutters. sl4/ 2.25; bulk bulls. *2.254/3: odd head higher; calves, active, strong; better vealers. ss®6; odd head select higher: lower grades. s3®s. Sheep—Receipts 600; market, steady to strong: desirable lambs. *6 50® 7: odd head hand picked slightly higher: throwouts, *4g6; cuiis, 53&4, fat ewes, sl®2.

-Today and TomorrowJ

Administration's Critics’ Theories Should Be Considered in Arriving at Monetary Policy. BY WALTER LI PPM ANN

IT may be useful to examine the statements put forward by the ablest critics of the President’s monetary policy with a view to learning what their program is. This may clarify the issues, disclose the real problems, and then make possible a meeting of minds in the interest of a constructive solution. To do this one must begin by setting apart from the immediate dis-

cussion two matters which are in themselves important, but are not at the moment relevant. The first is inflation ov the issuance of greenbacks or the remonetization of silver. Neither of these proposals is involved in the administration's program, and, while it is very desirable to educate opinion against them, nobody should be allowed to become so confused as to think that in fighting greenbacks or free silver he is fighting the present policy in Washington. The greenback and silver danger is something to be watched and guarded against because of political sentiment in certain parts of the country. But there is absolutely no reason for identifying t}ie President's gold policy with greenbacks and silver. The second matter which should be set apart is the commodity dollar. It is true that the President has indicated his belief in such a dollar. But he has no authority to establish it. There is nothing in the

Thomas amendment about a commodity dollar. The power to revalue the dollar is not the commodity dollar. The only way that a commodity dollar can be established is by new leg : #lation, which could be enacted only after hearings and debate. The commodity dollar is, therefore, an

interesting idea which is worth discussing, but it is remote from the practical problem which now confronts the administration and the country. an tt THE practical problem is this: Acting under the Thomas amendment, where shall the President “by proclamation fix the weight of the gold dollar in grains nine-tenths fine,” and thus establish “a gold dollar, the weight of which is so fixed,” as “the standard unit of value?” This is what the President has authority to do. This is what it must be assumed that he is aiming to do. In advancing the price of gold he either is trying to discover the proper “weight of the gold dollar” with a view to fixing it by proclamation, or he is violating the law. There is no reason to think he is violating the law. The question then is Where shall he fix the weight of the dollar? Let us see what light his most impressive critics throw upon this question. There is the statement of the thirty-eight Columbia professors. Among them are some of the most distinguished economists in the world. They recommend “an expeditious return to the only standard which, by long experience and tradition, enjoys general confidence—the gold standard,” but they add at once that “this does not necessarily a return to the gold dollar of the former weight and fineness.” In other words, they refrain from committing themselves as to what the weight of the gold dollar ought to be. They go on to propose that the weight of the gold dollar be determined by entering into negotiation with Great Britain and the sterling bloc in order to arrive at an agreement for a general return to gold. In my opinion this does not meet the practical issue. If we are to negotiate with the sterling bloc we ought to have an opinion as to the value of the dollar, for the English will have an opinion as to the value of their pound, the Canadians about their dollar, the Australians about their pound, the Scandinavians about the krones, and so forth and so on. The Columbia professors are avoiding the question which the President has to settle when they tell him that the weight of the dollar need “not necessarily” be what it was. He somehow has to make up his mind what it necessarily ought to be, and while it seems to me that his present advisers exaggerate their ability to estimate accurately the new value of the dollar, it would seem as if the thirty-eight Columbia professors greatly underestimated the importance of making some kind of estimate. That the problem is not negligible should be evident when we recall that the last time the nations returned to gold, the British overvalued the pound and the French undervalued the franc, and that these two errors turned out to have very serious consequences.

LET us look next at Mr. James P. Warburg's reply to Senator Borah’s challenge. Mr. Warburg agrees with the thirty-eight Columbia professors in desiring a joint stabilization operation by Britain and the United States, but he differs from them in that he does not recommend an expeditious return to gold. Mr. Warburg wishes to steady the exchanges and then over “a period of trial and error,” which "may take months or years,” work out a revaluation and a drastically reformed international gold standard. Mr. Warburg has no opinion as to what should be the weight of the dollar, and, although he does not offer an opinion as to what should be its exchange value with other currencies, he wishes to steady the exchange at once. Then he wishes to experiment by international agreement, and one must assume, I think, that he regards the stability of the foreign exchanges as very much more important that the internal value of the currency. I doubt whether the sterling bloc will share his apparent view that the weight of the currency really does not matter. Or perhaps it would be truer to say that the nations of the sterling bloc will agree with him in so far as they have already arrived at a valuation of their currencies which suit them. They have been experimenting with revaluation nearly two years longer than we have, and so they are probablv nearer a definite conclusion. What is it that emerges from this debate that bears upon the immediate situation? It is, I think, that the President's critics have not yet fac°d the problem he is facing, which is to do what the sterling bloc has done, determine the value of the currency in relation to gold. The United Kingdom has fixed it at about 60 per cent of the old value, and would presumably like to stabilize there. Australia has fixed it at about 50 per cent. The Scandanavian countries in between the two. Does it matter where we fix it? The President's critics do not seem to think it matters. and perhaps it does not matter within narrow limits. But within wider limits it evedently does matter to all the other nations how their currency is valued if one is to judge by their actions, and presumably it does to matter to us. Therefore it appears that there will be a meeting of minds and the possibility of a constructive solution when the President's critics decide not merely that they wish to stabilize, but where. i Copyright. 1933.)

i •: JwnEp'

Lippmann

Chicago Stocks "By Abbott. Hoppln St Cos.

TOTAL SALES 30.000 SHARES —Nov. 28— High. Low. Close. Abbot Lab 40'2 American Yvette V* Asbestos Mfg 3% 2% 2% Assoc Telephone Util % % % Assoc Tel Ut 7® pfd % % % Bastian-Biessing 7 6% 7 Bendix Aviation 14 13% 14 Borg Warner 16% 16% 16% Butler Bros 4 Cent 111 Securities, com .. ... > 2 Cent 111 Securities pfd. 6 5% 5% Cent & So West pfd ... 3% : Cent A So W P L pfd 6 Chi A North West ... 7% Chicago Corp com ... 2% Chicago Corp pfd 21 1 2 21% 21 J Cities Service 2 1% 2 Commonwealth Edison. 35% 35% 35% Cord Corp 7% 6% 6% Curtis Mfg Cos 6% Fitzsimmons A Connell 13% General Candy Corp... 4% 4 4% Great Lakes Aircraft.. Vb % ’ Grigsby-Grunow % *4 •% Hall Printing ... 3% Iron Fireman 6 5% 5% Kellogg Switch c0m.... 314 33 Lion Oil Refining Cos ... 5% Lynch Corp 30 2914 29% Marshall Field 13 12% 12% Middle West Utilities ... % Midld Utilities 7% P L 1 Muskegon Mot Spec A . . ... 10 Noblitt-Sparks Ind, Inc 24% 24% 24% North Amer Car 3% N W Bancorporation... 4 3% 3% Prima Cos 12 11 11% Public Serv 67r pfd 38% Quaker Oats, pfd 114'2 Reliance Mfg Cos 13 Ryerson A Son ... 11% Sears Roebuck .. ... 41 % Storkline Furniture ... 4% 4% 4% Swift & Cos 14% 14% 14% Swift Tnternacional..., 28% 28 28 % Thompson J R 7% 7% 7% Util Power & Li N V % Utility & Ind .. % Vortex Cup Cos 7% 7% 7% Vortex Cup Cos A 25 24% 25 Wahl *4 Walgreen Cos com . • %' ? Ward Montgomery A.. 71% 71 71% Zenith Radio 1 8 LATIN-AMERICAN CLUB WILL MEET TONIGHT Spanish Fiesta Features to Be Address Topic. Dr. Angel Castillo, president, will be the principal speaker at a meeting of the Club Latino-Americano at 8 tonight, in Cropsey auditorium of the city library. Dr. Castillo, who will give a descriptive talk on “Corrida de Toros,” the Spanish national fiesta, will explain the various features of bull fights. All Latin-American, Spanish and Spanish speaking persons in Indianapolis have been invited to attend. In the Air Weather conditions at 9 a. m.: Southwest wind, 21 miles an hour; temperature, 58; barometric pressure, 30.13 at sea level; general conditions, overcast, lower scattered clouds, light rain, hazy; ceiling, estimated 6,000 feet; visibility, four miles. Marriage Licenses Everett B. Hartsock, 26, R. R. 6, Box 329, knitter, and Margaret Doser, 23. 5853 Broadway, housekeeper. Herman D. Conway. 25. BlufTton, Ind.. minister, and Flo Olive Dorsett, 31, R. R. 11. Box 23. housekeeper. William H. Menges. 29. Louisville, Kv.. clerk, and Bertha Miller. 28. 1029 Union street, clerk. William Campbell, 21. 512 Blake street, laborer, and Eva Westmoreland, 19, 952 California street, housekeeper. Charles B Retmier. 23, 3135 Park avenue, printing, and Mary Jane Calland. 22. 3840 Graceland avenue, nurse. Paul M. Greenawalt. N23. 2130 North Delaware street, salesman, and Genevieve Barthtemay. 24. 2134 North Delaware street, secretary. Edward Rasmussen, 23, 1802 Dexter street, clerk, and Marie Vick, 23. 933 Spruce street, stenographer. Charles W. Ball. 21. 1714 Sharon street, baker, and Henrietta Call, 20, 1328 Bellefontaine street, clerk Vern D. Richardson. 20, Martinsville, Ind , laborer, and Ida Graves, 21. 1030 West New York street, housekeeper. Enoch H. Clements. 24, 631 North Beville street, salesman, and Mary Noblitt. 20. 935 Eastern avenue, stenographer, Morris, Albert, 70, 1045 South Illinois street, merchant, and Rose Frankowitz. 66, 2915 North Capitol avenue, housekeeper. Harry Raja, 25, 509 Harmon street, machinist’ and Dorothy Schmidt, 21, 954 No-th Olney street, inspector. Raymond L. Butler. 27. 1828 South Keystone avenue, truck driver, and Marian LaMonte. 24. 2902 East Twenty-second street, housekeeper. John E Crist, 21. 252 North Temple avenue. clerk, and Etha Jean Kramer, 21, 330 North Belieview place, waitress. William E. Conover, 21, 825 South Missouri street, truck driver, and Edna De Pugh, 19, 933 Church street, housekeeper. Philip Jonse, 59, 4 North New Jersey street, box maker, and Esther Shaner, 29, 4 North New Jersey, housekeeper. John B Matesick, 26, Louisville. Kv . baker, and Edythe Winings, 19. 1265 West Eightv-fifth street, housekeeper Richard Kinnick, 22 705 Day street. Apartment 4. clerk, and Wanda Lynn. 20, 6310 Park avenue, housekeeper, Ralph Woodv. 24. 629 East Thirty-second street, laundrv foreman, and Crystal Thomas. 22, 4001 East Washington street, housekeeper. Births Boys Roy and Vivian Schoener, 2234 South Pennsylvania. John and Doris McCartney. Coleman hospital. Roscoe and Ruth Moose, Coleman hospital. Russell and Margaret Newell. Coleman hospi'al. Mathew and Susanne Elbert, Coleman hospital. Stanley and Katherine Skiles. Coleman hospital. Joseph and Mary- Winslow, Coleman hospital. Fred and Marion Worrell. Coleman hospital. Girls Dudley and Grace Wanning, 1853 Dexter Elmer and Thelma Phelps. 1224 North Colorado. Dudley and Ida Cartwright, Coleman hospital. Bernard and Mary Cadick. 316 North DeQuincy. Robley and Mary George. 3942 Hillside Deaths Elmer Elsworth Hunter, 72 661 Ear,' Twenty-second, acute cardiac dilatation Jessie Marie Baker, 41, 1040 Fairfield, arterio sclerosis. Annette Magill, 53, 261 Hampton drive coronary thrombosis Patrick E. Ryan. 76. 205 North Randolph acute myocarditis. Dorothee E Anderson. 72. 1834 EarTenth. hvpostatic pneumonia Frank M. Hutchings, 74, 3603 Shelb*. cerebral embolism. Maria Lizetta Oehler, 81. 3801 Madison, chronic cholecystitis. Infant Bradey, 3 hours, Methodist hospital, atelectasis. Sarah Sharp, 50. 855 West Ninth, mitra insufficiency. Lillie Buehler, 57. 808 North Jefferson coronary occlusion. Ruby Green. 33. 805 West Walnut, acui gastro enteritis. Bettie Jean Jordan. 6, .city hospital acute appendicitis.

PAGE 11

GRAIN FEATURES UP SHARPLY ON GOOD SUPPORT Advance in Buenos Aires Pit Aids Local Prices: All Months Strong. BY HARMAN W. NICHOLS I'nited I’rf** Staff Correspondent CHICAGO. Nov. 29 —A sharp rise in Buenos Aires graion prices, higher stocks and another advance in the price of domestic gold were influencine: factors in sending grains higher at the opening of the Board of Trade today. Wheat futures were 1% to 1% cents higher, corn was % to % cents higher, and oats were up % cent. Brokers believed the market had more resistance than for some days. Considering the many disturbing influences, December liquidation is being accomplished without a great deal of distress to the market. Tire trade felt that by the close of todays session, the open interest in December grains would be reduced to a size which will no longer be of market importance. The general belief is that the commercial demand for corn will fall off considerably after the first of the month because of the 20 cents processing tax. Chicago Futures Range Nov. 29WHEAT— Prey. High. Low. 10 00 close. December .... .83% .83 .83% 82% May 87% .87 .87 86% July 87% 86% .86% .85*8 CORN— December .... .44% .44 44 43% May 51% 51 51 > 50% July 53% .53 .53% .52% OATS— December ... .42% .31% 311, 311. May 35% .35% .35% !34% July 35% .34% .35 .34 RYE— December 53% .52% .52% 51% May 60% .59% .59% .58% July 62 .61 % .61% .60 BARLEY— December 38 .37% 37% 37 May 44' 2 .44 .44% .43% July 45% 45 .45% .45 Chicago Primary Receipts —Nov. 28— Bushels—- , Today. Last week. Wheat 382.000 641 000 Corn 673.000 940.000 Oats 133.000 141.000 CHICAGO CASH GRAIN By United Presx CHICAGO Nov 28.—Cash grain: Wheat —No. 2 red weevilv, 83 ' 4 c; No 4 red 81%c. Corn—(Old) No 2 mixed. 45%®i 45%c: No. 2 yellow. 45%®46%c; No. 3 yellow, 45c: No. 4 yellow 44%c: No 2 white, 46%c: new and old, No 2 white. 45%c: (new) No. 2 mixed. 44%®45%c; No. 3 mixed, 43®43%c; No. 4 mixed, 40%c; No. 2 yellow. 44® 45%c: No, 3 yellow. 43% ®44c%; No. 4 vellow. 42®43c; No. 5 yellow, 40%c; No. 2 white. 45c: No. 4 white. 41 %c. Oats—No. 2 white. 32%e; No. 3 white. 31%®32c; No 4 white. 30%c. Rye —No salps Bariev—No sales, quotable. 40® 66c. Clover seed—slo.so® 13.40 Timothy—ss.so® 6. Cash provisions—Lard. $4.65: lose. 54.70: leaf. $4.75. D. S. bellies. $5.50. TOLEDO CASH GRAIN By United Preits TOLEDO Nov. 28 —Grain: (Grain in elevators, transit billing. 1 Wheat No, 2 red. 85%®86%c. Corn No. 2 vellow. 49®' 50c. Oats—No. 2.white. 36%®37%c. Rve No. 2. 68® 69c. Track prices. 28%c rate. Wheat - No. 1 red. 82®82%c: No. 2 red. 81®82c. Corn- No. 2 vellow. 44®46c: No. 3 vellow. 42%®45c: No. 4 vellow. 41®42c: No. 5 vellow. 3b%® 40%c. Oats--No. 2 white. 33%®34%c: No. 3 white. 32% ®> 33'2C. Toledo seed close Clover —December. $7.90: March. $8.15. Alsi 1 Cash. 58.50: December. $8 70.

Indianapolis Cash Grain

—Nov. 28— The bids for car lot of grain at the call of thp Indianapolis Board of Trade, f. o b. shipping point, basis 41% New York rate were: Wheat—Steady: No. 1 red, 776®79%c; No. 2 red. 76%®77%c; No. 2 hard, 76%® 77%c. Corn—Strong: No. 3 white. 36%®37%c; No. 4 white. 35%®36%c; No. 3 yellow. 35%®36%c: No. 4 yellow. 34%®35%c; No. 3 mixed, 34%4/35%c; No. 4 mixed, 33%® 34%c Oats —Easy: No. 2 white. 304731 c; No. 3 white. 294/30c. Hav—Steady: (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisvillei No. 1 timothy, $7,504/ 8; No. 2 timothy, $74/7.50. —lnspections Wheat—No. 1 red, 1 car; No. 1 mixed, 1 car; No. 2 mixed. 1 car Total. 3 cars. Corn No. 5 white, 1 car; No 3 yellow, 6 cars; No 4 yellow. 13 cars; No. 5 yellow. 3 cars; No. 4 mixed, 1 car. Total. 24 cars. Rye—No. 1,3 cars. Total, 3 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 73 cents for No. 2 son rea wneat. otner grades on their merits. NEW YORK COFFEE FUTURES —Nov. 28— —Santos— High, Low. Close. January 8.30 March 8.48 8 40 8 46 Mav 8 58 8.54 8,55 July 8.65 8 61 8.65 September 8 95 8 90 8 95 December 8.28 8.24 8.28 —Rio— January 5.94 March 6 09 6.04 6.08 May 6.20 July 6.30 September . .. .... 6.40 December 5.87 5.80 5.85 Plumbing Permits D Pierce, 914 East Sixty-third, one fixture B A Wilson, 544-45 Berwick, four fixtures. B A. Wilson. 6011 Central, two fixtures. Fred Schiffman, 4324 East Tenth, one fixture.

OFFICE SPACE

" J/ ‘ The available vacancies in the several office buildings under our management offer a full range in pnee, size and type of office space KLEIN & KUHN Inc. Property Management LINCOLN 3545