Indianapolis Times, Volume 45, Number 176, Indianapolis, Marion County, 2 December 1933 — Page 9

DEC. 2, 1933

Promoters and Opportunists in Business Provide Need for Limitations on Management. RV RALPH HENDERSHOT

Time* Special Financial Writer Lponor F Lor rr- president and chairman of the executive committee of tlic Delaware Ac Hudson Company, is undoubtedly one of the most interesting people in the industrial world today. He is one of the few’ remaining representatives of the old school of bankers and industrialists, which included George F. Baker. Elbert H. Gary, the elder J. P. Morgan

and others. He has been a hard fighter all his life and an ardent defender of capital. He has never been very popular in the labor ranks, however. Speaking recently before members of the New York Bond Club on the subject “A Trip Around the World and Through the Universe,” he once more went to bat for capital, taking to task the "sob sisters," whom he charged with excessive sentimentalism. and panning politicians for their interference with business operations. He did dwell to some extent on his assigned subject, however, for his opening observation was that light travels at the rate of 186.324 miles per second, that the light year was approximately 5,876.000,000,000 miles and that the farthest presently known celestial body is 300,000,000 light years distant from the earth. But it was only when he got around to the subject of capital, labor and management that he really became “warmed up.” He recalled that 70 per cent of the men examined in the World war draft were found to be not over 14 years of age mentally, offered

Ralph Hrndrrshot

th observation that the vast population of Russia is on the verge of coliapse and then cited figures to show how capital has received a “raw deal" in this country and how well labor has been treated from an earnings standpoint. a a a a a a Would Extend Powers of Management "Security." he said, "would seem to lie in an extension of the powers of management and its freedom from unwarranted interference by its associates and by the politician. Its authority is now too limited and its compensation too inadequate.” Many people would not care to string along entirely with Mr. Loree on the question of management, but the-facts of the matter probably are that much of the criticism of our industrial and financial condition of today is misdirected. About the worst that, can be said about industrial management in general is that it. along with many others, permitted the country to he pushed into a sorry state of depression. It did not do the pushing, however, and it can not fairly be said that capital did it, either. There was nothing especially wrong with the gold the pirates appropriated in years gone by; it was the pirates against whom the criticism was directed. Scattered here and there throughout the management forces. however, were promoters and opportunists who managed things not for the benefit of capital but for the benefit of themselves. They had the confidence of the ow;ners of capital, which included the workers as well as the people of wealth, and indications are that they did not hesitate to "double cross" even their friends. u a a a b b Limitations Needed for Few It is because of such people that the limitations against which Mr. Loree complains are being imposed. Those who have not disabused their positions naturally must suffer along with the others. Mr. Loree apparently did not deem it important to go into that subject in his "trip around the world and through the universe.”

New iYork Stocks

—Dec. 2 Prev. Oils— High. Low. Close, close. Amerada 45 44 45 45 Arl Big 30 29% 30 29% Barnsdall . . 9% 9 9% 9% Consol Oil 11 % IP. 11% IP* Com of Del. .. 13 17% 18 17% Houston ioldi.. .. ... ... 24 Mid Coni Pet.... . . ... . . 14V. Ohio Oil 14% 14% 14% 14 3 /* Pel Corp ..... . ... ... 16% Phillips Pet 16% 16 16% 16% Pure Oil 12% 12% .Sbri Oil 34 33% 34 34% Shell Un ... 8% 8% Simms Pet ... 10% 10% Soc Vac 16% 16% 16% 16'* S O of Ca! 41% 41% 41% 41% S O of Kan . ... 37 ■S Oof N J.... 46% 45% 46% 45% Sun Oil ... ... 49 Texas Corp ... 26% 26% 26% 26% Tidewater Assn . 10% 10 10% 10% Un Oil of Cal... 19% 19% 19% 19% Steels— Am Roll Mills . 17% 17% 17% 17% Beth Steel . 34% 33% 33% 33% Beers A M 25% 25% 25% 26% Cos! Fuel Sc Iron .. ... 4% ... Gulf Sts Steel 19 n Inland Steel . 34% McKeesport Tin . . ... 88% 88 Natl Steel .. 45 44 45 44% Rep Iron Sc Stl 14% 14% 14% ... Rep Iron & Stl p 31% 33% 34% 34 U S Smelt 93 91 92 93 Vanadium ... . 20% U S Pipe Ac Fdv 18% 18% 18% 18% U S Steel. .. 45 44% 44% 44% U S Steel pfd ... 82% 81% Youngstn S& T 21% 20% 21 20% Kails— Atchison 48 47% 48 47% Atl Cst Line.... . .. ... 34% % Ac O 23% 22% 22% 23 Can Pac 12% 12% 12% 12% Ch Ac Ohio.. . .. .. 4% 4% C M Ac St P pfd 8% 8 8% 8% Chi N W 7% Chi R Isi ... 3 Del a Ac Hud 51 50% 51 51% Brie . 14 14% Grt Northern .. 18% 18% 18% 12% 111 Central 28 27% 28 28 K C Sou ... 10% ... Lou A- Nash 44 M K A- T 7% 7% Mo Pac 33% Mo Pac pfd .. . .. 4% N Y Cent 35% 34% 35 35 N Y ChiA-St L pfd . 15 N Y New Haven 16 16% Norfolk & Wes 153 Nor Pac . . . 20 21 Penn R R 27% 27% 27% 27% Reading . . ... 42 Sou Pac 18% 17% 18% 18% Sou R R 22 21% 21% 22% Scm R R pfd... 23% 23 33 23% Union Pac 108% 108% Wabash ... ... 2% West MarjT 8% Motors — Auburn 44% 45% Chrysler 49% 48 49% 48% Gen Motors .... 32% 32% 32% 32% Graham Mot .... . . 2% 2% Hudson 12% 11% 11% 12 Hupp .. 3% 4 Mack Truck .... 36% 36% 36% 36% Nash 24 23% 24 23% Packard 4% 4 4 4 Reo 33% Siudebaker ~. 4% 4% Yellow Truck ... 4% 4 4% 5 Motor Access— Bendix 14% 14% 14% 14% Bohn Alum ... 47% Borg Warner ... 18 17% 18 18% Briggs 9% 9% 9% 9% Budd Wheel 3% Eaton Miff ... 11% 11% Eicc Auto Lite. . 17 16% 17 16% Houd A 3% Murray Body ... 5 s * 5% Stew Warner ... 6 5% 5% 6% Timken Rol 28% 29 Mining— Alaska Jun .... 22’, 22 22% 23 Am Smelt 43% 42% 43% 43% Anaconda 14% 14% 14% 14% Cal A: Hecla . . . . 4% Cerro de Pasco. 35% 33% 34% 34 s * Granbv . .. 8% ... Gt Nor Ore .. 10 9 s * 10 9% Homestake Min. .. ... . 306 Howe Sound ... . 32% 32% Int Nickel .. 21% 21% 21% 21% Ist Creek Coal . . . 28 Kennecott Cop . 21% 20% 21% 21% Noranda Cop 34% 35 Phelps Dodge 16% 16% Tobaccos— Am Tob iA * ... ... 73% Am Tob ißi . 75 74% 75 75% l .g A- Myers (8) ... 85 *4% Loriilard 17% 17 17 17 Rev Tob B .. 46 45% 46 45% Equipments— Allis Chalmers 18% 18% Am Car k Fdv 22% Am Loco . ... ... 26% Am Mach & Fdv . . . . 13% Am Steel Fdv 18% 18% 18% 18% Bald Loco .. . 12% 11 11 n% 8.. troughs ... 16 15% 15% 15% Case J I .. 69% 67% 69% 69% Cater Tract. . 23% 23 23% 23 C'clgat Palm P . 12 12 Cor.goleum 23% 23% 23% 23% Elec Stor Bat ... 45% 45 Foster Wheeler . . 14% Gen Am Tk Car ... . 28% Gen Elec 20% 19% 20 20% Gen R R Si|t . 28% ... Ir.gsol Rune 61 % 61% 61% Si % Int Bus Mach . . 145 Int Harvester . 41 40% 40% 41 Kelt inator ... n% Natl Cash Reg 14% 14'• 14% 14*, Proc * Gamble. 41% 41 41% 41% Pullman Inc 45% 45 45% 45% Simmons Bed . ... ... 16% Und Elliott 33% West Air B 28% 28% Westlngh Elec . 39 38% 38% 38 Utilities— Am <Sr For Pwr 9** 9% 9’* 9% Am Pwr At Lit 6% 6% 6% 6% A T <fc T 117*, 117% 117% 117% Am Wat Wks 17% 16% 17% 17% Brook Un Gas. ... 63% 63% Col Gas A- Elec 11** 11% 11% 11% Col G A- E pfd 52 51% 51% ... Com A Sou 1% 1% I s , I*, Consol Gas 37% 36% 37 37% Elec Pwr A Lit 5% 5 5% 5% E P A L pfd 9% ir.t T A- T 13% 12% 13% 13 Lou G A E A* ... ... 16 Nat Pwr A- Lit 9% 9% 9% 10 North Amer... 15-s 14% 15% 15% Pac G A E 17 17% Pub Serv N J . 35% 34% 34% 34** So Cai Edison . 16 15** 15% 15% Sid Gas 9 8% 9 I** S:d Gas pfd .. ... 9% 9% United Corp . 5% 4 4% 5% Un Gas Imp 15% 15% 15% 15% Ut PwrALtt A'.. . 2% 2% Western Union. 54% 53% 54% 54% Rubbers— Firestone 22 21% 21% 22 Goodrich 14% Ooodyetr 37% 3*% 37 17% U S Rubber.... 17% 17 17% 17% U S Rubber pfd 37% Kel Spring .... 3% 3% 3% 3%

Wall Street

Amusements— Crosley Radio 8% ... Fox Thea 14 Loews Inc 29 28% 28 % 29% Radio Corp 6% 6% 6% 6% RKO 2% 2% Warner Bros .. 6 5% 5% 6 Foods— Am Sugar 52% 55 Armour A 3% 3% Beatrice Cream. .. ... ... 12% Borden Prod .... 20% 20% 20% 20** Cal Pecking ... , 21 Canada Dry G A 25% 25% 25% 26V* Corn Prod 71** 71 71** 72 Crin of Wheat 28 gen Foods 35% 35% Gold Dust ... 17% 175, G W Sugar .... 36% 36 36% 36% Hershey 50 49 Int Salt ... ... 24 Natl Biscuit.... 48 47 V* 48 47% Natl D Prod 13% 13% 13% 14 Purity Bak 14 S Porto Rico S 37 36% 37 Std Brands 23% 23% 23% 23% United Fruit .. .. 64 Wrigley 55% 55% 55% 55% Retail Stores— Ass Dry Goods.. .. ... ... 1234 Best A- Cos ... 26V* 26'* Gimbel Bros 5% 5% Gimbel pfd 22 % Os Un Tea 4% Hahn Dept Sts s'/* 51/* Kresge S S . 12% Kroger Groc ... 23% 23 23% 23% Macy R H 51 May Dept St 27% Mont Ward 22*. 21% 22% 22% Penny J C 52% 52% 52% 53 Safeway St .... 43** 43% 43% 43% Sears Roebuck.. 43% 42% 43% 42** Woolworth 40% 40% 40% 40% Aviation— Aviation Corp .. 7% 7% 7% 7% Douglass Air ... 14% 14 14 14% Curtiss Wright.. 2% 2% 2% 2% Curtiss Wr A... 5% 5% 5% 5% Nor Am Av 5% 5% United Aircraft. 32% 31% 32% 32% Chemicals— Air Reduction 103% Allied Chcm . 144% 143** 144% 143 Am Com Alcohol 49 48% 49 49% Col Carbon 61% 60% ,61 61% Com Solvents .. 31% 30% 31% 30% Dupont 88% 87** 88% 88% Freeport Tex 46% Liquid Carb ... . 25 Math Alkali ... 41% 41% 41% 41% Tex Gulf Sulph. 44 43% 44 43% Union Carbide.. 45’* 45 45** 45% U S Ind Alcohol. 61 60 60% 60% Natl Dist (new). 27 26% 26% 26% Drugs— Coty Inc 3% 4 Drug Inc 6% ... Lambert 30% 30% 30% 30 Lehn A Fink.... 19 19 Zonite Prod 7% 7% Financial— Adams Exp 7% B*4 Allegheny Corp 3% 3% Chesa Corp 32% Transamerica .. 6% 6% 6% 6'* Tr Conti Corp.. 4% 4% 4% 4** Building— Am Radiator.,.. 13% 13% 13% 13% Int. Cement .... . . . . 30** Johns Manville 57% 56% 57% 57 Libbv Owens Ols 32% 32% 32% 32** Otis Kiev 131, 13% Ulen Const 2% Miscellaneous — Am Bank Note 14 13% Amer Can 98% 97% 97% 98% Brklvn Man Tr 28 28** Conti Can 72% 72% 72% 72% Eastman Kodak 79’* 79 79’* 79** Owens Bottle... 81% Gillette 10’s 10% 10** 10% Glidden 15% 151* Gotham Silk ... 8% 7% 8% 7% Indus Rayon ... 78’* 78% 78*4 78% Inter Rapid Tr.. .. ... 914 9%

Federal Farm Loan Bonds

tßy Blvth & Cos.. Inc.) —Dec. 2 4s. Nov. 1. 1957-37 79% so?' 4s. May 1. 1958-38 .. 79% 80** 4% s. Julv 1. 1956-36 80 81% 4%5. Jan. 1. 1057-37 80 81% 4%5. Mav 1. 1957-37 80 81% 4%5. Nov. 1, 1958-38 80 81% 4*7*. Dec. 1. 1933-32 99% 100% 4%5. Mav 1, 1942-32 86 87% 4%5. Jan. 1. 1943-33 86 87% 4%5. Jan. 1. 1958-33 82 83% 4%5. July 1. 1933-33 82 83% 4%5, Jan. 1. 1955-35 82 83% 4%5, Julv 1. 1955-35 82 83% 4%5. Jan. 1. 1956-36 82 83% 4%5. Julv 1. 1953-33 85’* 87 4%5. Jan. 1. 1954-34 85% 87 4%5. julv 1. 1934-34 85’* 87 ss. Mav 1. 1941-31 93 94 ss. Nov. 1. 1941-31 93 94 Home Loan 4s. Julv 1. 1951... 82% 83%

U. S. Government Bonds

By t'nital Press NEW YORK. Dec. 2.—Closing Liberty Bonds: i Decimals Represent 32nds.) LIBERTY 3%s 132-471 100 6 First 4%s i32-47l 1018 Fourth 4%s 133-38> 101 19 Fourth 4%s 1 33-38< Called 101.11 TREASURY 4%s i47-52> 106 8 4%s '43-451 99 28 4s .44-541 102 25 3%s .46-56i 101 10 3%* .43-47. 99 24 3\s .41-431 March 99 28 Vs (40-43. June 99 30 3 f *s • 41 99.il 3%s ‘46-49. 97 16 3s .51-55. 96 2

Daily Price Index

By United Press NEW YORK. Dec. 1.-Dun <fc Bradstreets daily weighted price index of thirty basic commodities, compiled for the United Press: (1930-32 average. 100) Todav 100 13 Wednesday 100 10 Week ago 100.55 Month ago 98 99 Year ago 73.11 1933 high .July 18) 113.52 1933 tow (Jan. 20i 67.86 Copyright, 1933. by Dun Sc Brads tree;. Inc.

STOCK VALUES IRREGULAR IN DULLSESSION American Dollar Firms Up as Gold Price Holds Unchanged.

Average Stock Prices

Average of thirty Industrials for Wednesday: high 98 51, low 96.57; last 98 14, up 191, average of twenty rails, 38 25. 3 1 83. 38 18, up .53; average of twenty utilities. 23 83, 23 45. 23 65, up .07; average of forty bonds. 80.18, up .14. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Dec, 2—Stocks fluctuated in a narrow range in the short session today, while the dollar firmed up in terms of foreign exchange, gold held at $34.01 per ounce, and commodities declined. Leading industrials were steady to firm. Farm equipments sold off moderately with wheat which at one time was down 2 cents a bushel.’ Mining issues were mixed, motors firm and Utilities dull. Steel Issues Active Grigsby Grunow was active around previous closing levels, following suspension of the stock on the Chicago Stock Exchange. The latter action was taken "until satisfactory transfer facilities are made.” United States Steel opened at 45, dipped to 44 Vz where it was off % point and then rallied to a small net gain. Leading steel authorities were encouraged by the long range outlook for the steel industry, a factor which made for moderate demand for steel shares. The rate at Youngstown held at 35 per cent of capacity, the same as last week. Railroad issues hovered around the previous close most of the session. Pennsylvania closed at 27Vi, off ’4, while New York Central was at 35, unchanged, and Atchison 48‘4, up %. General Motors Strong In the automobile division, General Motors closed at 32%, up Auburn 44%, off %, and Chrysler 49 “4, up ■%. Standard of New Jersey was up slightly, Standard of California unchanged and Texas Corporation off Vi at 26% in the oils. Steel shares were higher with U. S. Steel. Westinghouse Electric made a small gain in the electrical equipments. American telephone moved over a small arc and closed unchanged at U7Vi. Du Pont, Allied Chemical and other chemical issues were higher. Montgomery Ward and Sears Roebuck ruled firm in the mail order division.

Bank Clearings

INDIANAPOLIS STATEMENT Clearings .' $2,009,000.00 Debits 5.953,000.00 Clearings for the week 8,458.000 00 Debits for the week 23.605,000.00 TREASURY STATEMENT —Dec. 2 Net balance for Nov. 29.. .$1,107,325,902 46 Misc. int. rev. reepts 1,697,169 18 Customs rpts. (mo. to date) 26,565.089.95 New York Curb (By Abbott, Hoppin Sc Cos.) —Dec. 2 Close Close Alum Cos of Am 75% Ford of Europe 6 Am Cyanide 8.. 11% Gt Atl & Pac.. 133 Am Gas & El.. 19'*!Hiram Walker.. 44 Am Superpower 2% Hud Bay Min.. 9% Asso Gas & El. %,Humble Oil 99% Atlas Corp . ... 11 %i Imperial Oil Ltd 14 British Am T A 28% Lake Sh Min... 47% British C'elanese 3% Natl Bellas Hess 2% Can Indu A1 A. 17% Nia Hud Pwr... 5% Can Marc 2% Park Davis 23% Cities Serv.. 1% Penn Road 2% Com'nwealth E. 37 St Regis Paper . 2% Cord Corp 7% Sal Creek Prod.. 5% Creole Petrol... 10%!Std of Ind. 32% Distillers Lim.. 20% Teek Hughes Od 5% Distillers Corp. 23% Wr Hargraves M 7% El Bond k Sh. . 13 New York Bank Stocks (Bv Abbott. Hoppin & Cos.) —Dec. 2 _ , Bid. Ask. Bankers 47 4734 Brooklyn Trust 78 82 Central Hanover 11l 112% Chase National 20 20% Chemical 29% 29% National City 21% 21% Corn Exchange 43 44 Continental 10% 11 Empire 16 16% First National 1085 1105 Guaranty 243% 245% Irving 14% 15 Manhatten & Cos 23% 23% New York Trust 76 77% Public 22% 23

Foreign Exchange

(By Abbott. Hoppin & Cos.) —Dec. 2 Close. Sterling, England $5.17 Franc. France 0609% Lira. Italy 0625% Beigias. Belgium 2165 Mark. Germany 3718 Guilder. Holland 6285 Peseta, Spain 1282 Krone. Norway 2600 Krone. Denmark 2315

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —Dec. 2 Bid. Ask. Amer Bank Stocks Corp... .72 .82 Amer & Gen Sec A 3.50 5 50 Amer & inv Tr Sh 1.50 2.50 Basic Ind Shares 3.27 3 32 British T Inv Tr Sh 48 54 Col Trustee Shares A 4.50 4.75 Corp Trust Shares (old) ... 2.30 2.34 Corn Trust Shares .new) .. 222 226 Cumulative Tr Shares 3.96 402 Diversified Tr Shares A ... 625 Diversified Tr Shares B. ... 7.10 7.30 Diversified Tr Shares C 3.00 3.04 Diversified Tr Shares D .... 463 487 First Ins Stock Corp 1.32 1 38 First Com Stock Corp 83 98 Fixed Tr Oil Shares A .. .. 850 862 Fixed Tr Oil Shares B .... 7.05 720 Investors Inc n25 17 50 Low Priced Shares 5.35 545 Mass Inv Tr Shares 17 62 18 00 Nation Wide Securities .... 308 312 No Amer Trust Shares (53). 190 No Amer Tr Sh (55-56. ... 2.31 2.37 Pet Trust Shares A 8 00 11 00 Sel Amer Shfres 2 65 .... Sel Cumulative Shares .. 6.87 7.00 Sel Income Shares 340 3 60 Std Amer Trust Shares A.. 294 298 Tr Shares of America 2 84 2.88 Trustee Std Oil A 550 562 Trustee Std Oil B 4 92 5.12 U S Eiec Lt A- Pwr A 10 50 10.75 Umv Trust Shares 3.00 3 10 NEW YORK COFFEE FUTURES —Dec 2 SANTOS High. Low. Close. January 8 44 March 8 55 8.50 8 55 May 8.64 Julv 8.75 8 74 8.74 September 9.10 December *. 8.50 RIO January 6 00 March 6 10 6 08 6 08 Mav 6 22 6 21 6 21 July 6.32 6.31 6 32 September 6 41 December 5.87 CHICAGO FRUIT MARKET By United Press CHICAGO. Dec 2—Apples—Michigan Jonathans. $1 35 ,1 50 Mclntosh. sl2s® 160; Baldwin. 90c® sllO. Carrots—lllinois—so® 66c bushei. Spinach—lllinois. 50® 85c bushel. Beans—Southern green. 810125 bushei; wax. 81.2502. Mushrooms —lllinois. 10 125 c. Cucumbers—Southern. $2 25'./3 25 bushel. Tomatoes—California. $125-12: Illm.-vi and Ohio hothouse. 65® 85c. Beets —Illinois. 40®60c bushel. Leaf lettuce—lllinois hothouse. 15c box. Celery—Michigan, 40®85c. Cabbage—Wisconsin. 81.40® 1.60 crate. Onion market— Westn Valencias. BOco*l Wisconsin yellows. 65® 85c: Indiana yellows. 65® 85c: IHinois yellow*, 65g85c; mldwestern whites. 81.25.

Tttt: mmANArens times

On Commission Row

—Dec. 2 Fruits : Cranberries—Cape Cod early blacks. 25|lb box. $2 2S. | u^ ap * s— California emperor*, crate. : Pear*—Washington D Anjou <9O-165si. *2 75 Washington Bose UOO-135S'. $2.75; | Avacos, Fla, 1 10- 16s . crate. *2 Bananas —Per pound. 5%c Apples—Wealthy, Wolf River Grimes | Golden. Jonathan. Florida *1356175 a bushel; fancy Jonathans, $2 a box. Grapefruit—*3© 4 Prunes—ldaho Italian, 16-lb lugs. $1 10. Oranges—California Valencias. $3.5064 a box. Lemons—(36oc). $4 5065. Vegetable* , Cabbage—Eastern Danish. 50-lb. bag. Onions—W’estern white. 50-lb bag. $1 40; Indiana white, 50-lb bag $125; Indiana, yellow. 50-!b bag. $1; 10-lb. bag. 20c. Beans—Round stringless, hamper $1.75: flat stringless. $1.25. Beets—Bulk per bushel, $1: California. 85c per dozen. Peas—loo-lb, $4 Carrots—California, $3 crate. Cauliflower—California ill-12s), crate $1 50. Celery.—Michigan Mammoth, bunch. 65c: medium bunch. 45c; hearts. SI. 15. 15-bunch flat crate, $1.15; California. $2 85 crate Cucumbers—Florida, $3.50 bushel hothouse. $1.15 per dozen. Lettuce—lceberg best <4-ss> crate. $4 25: hothouse. 15-lb. basket. $1; Michigan endive. $1.50 per bushel. Radishes—Hothouse button. 40c dozen. Spinash—Broadleaf, per bushel, 75c. Turnips—Per bushel. 75c Tomatoes Hothouse, $16115 8-lb. basket. Potatoes—Northern Round Whites. 100lb bag. *1.5061.65; R. R. Chios. 100-lb. bag $1.506 1.65; 15-lb. bag. 33c: Wyoming triumphs. 100-lb. bag. *2.10. Sweet Potatoes—Nacy Halls, per bushel. $1.35.

$5,000 AWNING FIRM BLAZE UNDER PROBE Basement Fire Discovered by Youth’s Dog. Investigation was being made today by Bernard Lynch, chief of the city's fire prevention department, into the $5,000 fire which damaged building and contents of the Montgomery Tent and Awning Company, 2404 East Washington street, last’ night. The fire department fought the blaze two hours before it was placed under control. The blaze started in the basement of the two-story structure. Lynch said the fire was the fourth in the building in the past seven or eight years. The alarm was turned in by Gilbert Carter, 16, of 14 North Keystone avenue, after the youth’s dog, trained to put out matches and bark upon smelling smoke, raised such a furor of canine howls that the youth and his father, James Carter, investigated and called firemen. Honor Past Masters Past masters’ night will be observed tonight b y Southport lodge f 7O . f. and A. M., it was announced by Elmer E. Houze, worshipful master. All Master Masons of the vicinity have been invited.

Produce Markets

9c D &l Indianapolis prices—Hens ers L 6c: , heav y breed springfur* ■L'egnorn springers. 5c enrke G S - 11 p y 6c - under 5 lbs 4C- ducks 6c ? under'g- ‘Vu/’ i ull fea tbered and fat - , and fat 4 2 fc t 4c; Vteese. full feathered l o \ s IoSnSW S* iTt S d run eggs 22r- rlctly f ££ sh country assi® 2m26c 5 N 5 - W , IU be o made. r or ßu e t a t C e?-C n i and Z l f 2 a |23c. ButterUo 0 - \\ Quoted by the 2 'Wadl?y 23 &omp B an t y? rfaWlßc - BY UNITED PRESS 3gwjbM* 22%C. 92 scored storage sfandlrds e?B'acstorage extras, 19? 92 score- ex! 17%I? 19c* M 2o '- 91 score; firsts. 17c Rfiivi ' B9 2 score; seconds, 16%® score; 86 21 % {° o iDU V r??,m r ks e, ', Stead y t 0 ”’ 2C “we" reheht 'hpnti 1 ? ar . d ue: heavy hens, 7c; locks h ioc ' J C a 'w leKh , orn S- 7c: Plymouth heavy colored springs 9%c white ticks 9010 c: ducks. s®7c- geese’ 8c turkey toms, 13c; old turkey tom*’ iip : r ,°° s , ters %c. Chees—Twins. 11’*®' 12c. loghorns. 12'*® 12%c; flats nonotvuat Cas ' <- non ? : s - Daisies, 12%®12%c' Potatoes—Supply, moderate; demand and whites* 1 *1 S 2V : ida d h Ull: Wisconsin 3 round wrmes. $1.25, Idaho russets mostly $1 60Ohio* eS °SM i?? a nd, North Dakota Red River SI-15® 1.20; shipments, 369: arrivals, 52; on track, 288. NEW YORK. Dec. 2.—Potatoes Steadv Long Island. sl® 3.55 per barreh Maine' tick £ er b s rrel: Idaho, si. 85® 2.10 per •sack Bermuda. SBS 12 per barrel. Sweet Potatoes—Firm; ierscy. basket, 35c®$l 25southern barrel. $1.25® 1.75; southern’, s S *s e c s° C 81 ' Flour—Quiet: patents, $6 45® 6.75 per sack. Pork—Steady; mess. S” pe r barrel. Lard-Dull; middle west spot *5.10® 0.20 per 100 lbs. Dressed Poultry—Quiet; turkeys. 11® 23c; chickens. 18c; broilers. ll®20c: capons. 17®28cfowls, 9® 15c; ducks, ll®14c; Long Island ducks. 15® 16c. Live Poultry—Dull and easy; geese. 7® 11c; turkeys, 16@22c; roosters, 8c; ducks, 7® 11c; fowls. 7® 12cchickens, 9® 14c; capons. 13®20c; broilers, 14fctl5c; roosters. 8c; ducks. 7® lie: fowls 7® 12c; chickens, 9@l4c; capons. 13® 20c; broilers. 14® 15c. Cheese—Fairly active; state whole milk fancy to specials, 20%®, 21%c; young America fresh. 12%® 13%c. Butter—Receipts. 17,611 packages; market, steady; creamery, higher than extras 23%®24%c: extra. 92 score, 23%c; first, 90-91 score. 21%®22**c: first, 88-89 score, 19®21%c; seconds. 17‘2®18%c. Eggs—Receipts. 10,468 cases; market, firm; special packs, including unusual hennery selections, 30®34c; standards, 29c; firsts. 24c; mediums, 17%c; dirties. 17fol8c; checks, 16c. White Eggs—Pacific Coast, fresh, shell treated, fancy, 33%®34c: Pacific coast, standards. 32®33c: Pacific coast, shell treated, mediums, 25c.

In the Cotton Markets

—Dec. 2 CHICAGO High. Low. Close. January 10.00 9.95 9.97 March 10.15 10.10 10.15 May 10.27 10.23 10.23 July 10.40 10.39’ 10.39 December 9.95 NEW YORK January 9.95 9 88 9.94 March 10.10 10.01 10.09 May 10.20 10.14 10.20 July 10.35 10.27 10.33 October 10.53 10.47 10.53 December 9.91 9.83 9.90 NEW ORLEANS January 9.88 9.84 9.85 March 10.04 9.98 10.02 May 10.18 10.12 10.17 July 10.31 10.25 10.29 October 10.47 December 9.81 9.80 9.80 Births Charles and Marguerite Hopkins, 1638 Quill, girl. Roy and Beatrice Fiorian, 959 North Ewing, girl. Alvie and Mary Rosselot. 42 South Addison, boy. Deaths Frank Biltz. 72. 520 East Vermont, chronic myocarditis. Frank M. Gaby, 88. Central Indiana hospital carcinomr* Infant Falconuury. 1-day. Coleman hosplta., premature birth. Floya Hatfield. 34. city hospital, broncho pneupionia. Albert H. Patterson. 62. 315 Cossell drive, lobar pneumonia. Mathilda Deville. 78. 520 East Vermont, arteriosclerosis. Dora Frances Cross. 1, 116 South Noble. diphtheria. Mary Kretzer, 89. 441 East Morris, acute myocarditis. Gale La Vonne Sears. 2. 4121 East Washington. accidental. William Kennedy. 74 Wabash and Delaware. cardiac failure Rer.a Helm. 53. 614 East Miami, acute nephritis. Ruby Tolin. 37. 1214 Prospect, broncho pneumonia. May McClintic. 37. city hospital, mitral stenosis. William M. Beiden. 45. 923 Drier Place, coronary thrombosis. Walter Tibbetts. 68. 4216 East Michigan, coronary occlusion. James W. Adams. 80 1427 North Delaware. chronic myocarditis. Caroline Sprecher. 45. city hospital, lobar pneumonia . Isaac Moore. 69. 1272 Standard, pulmonary tuberculosis. Ralph Banks. 43. city hospital, akull fracture. Helen King, 15. city hospital, typhoid fever.

SWINE MARKET ENOS WEEK AT STEAOYPRICES Cattle, Vealers Unchanged; Lambs Stationary at $7 Down. Swine prices ended the week's trading steady at the Union Stockyards this morning. Most all grades showed slight action and sold at yesterday's average. The bulk, 160 to 275 pounds, sold for $3.45 to $3.55. Largest weights scaling from 275 pounds and up were selling around $3.25 to $3.40, while 130 to 160 pounds sold at $3.25 to $3.50. Light lights weighing 100 to 130 pounds brought $2.30 to $3. Receipts were estimated at 3.000. Holdovers, 197. All slaughter steers in the cattle market displayed a steady trading range, selling at previous figures. Receipts numbered 50. Vealers continued unchanged at $7 down. Receipts were 150. Lamb market was slow and draggy, with early supply consisting mostly of yearlings valued at $5.75. Other grades of odd and end supplies were selling under $7. Receipts were 500. Hog trading at Chicago remained steady at yesterday's average. Bulk of 200 to 250 pounds sold for $3.50 to $3.55. Initial top held at $3.55. Lighter and heavier weights held at $3.50 down. Pigs were quoted at $2 to $2.50. Packing sows sold at $2.50 to $2.90. Receipts were estimated at 6,000, including 5,000 direst; holdovers, 1,000. Cattle receipts numbered 100; market mostly 25 cents lower. Sheep receipts were 4,000; market steady. HOGS Nov. Bulk. Top. Receipts. 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 Dec. 1. 3.45® 3.55 3.60 7.000 2. 3.45® 3.55 3.55 3.000 Market, steady. (140-160) Good and choice... $ 3.40® 3.50 —Light Weights—-(l6o-180) Good and choice. .. 3.55 (180-200) Good and choice ... 3.55 —Medium Weights—-(2oo-220) Good and choice.... 3.55 (220-250) Good and choice. .. 3.50® 3.55 —Heavy Weights—-(2so-290) Good and choice.... 3.40® 345 (290-350) Good and choice.... 3.30® 3.40 —Packing Sow:;— (350 down) Good 2.75® 3.00 (350 up) Good 2.50© 2.85 (All weights) Medium 2.25® 2.65 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50® 3.00 CATTLE Receipts, 50; market, steady. (1.050-1,1001-Good and choice $ 4.50® 6.00 Common and medium 2.50® 4.50 (1.100-1,5001-Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (650-750) — Good and choice 4.75® 6.25 Common and medium 2.50® 4.75 (750-9001 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 (beef) 2.00® 2.75 Cutter, common and medium.. I.oo® 2.00 VEALERS Receipts. 150; market, steady. Good and choice S 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 (800-1.5001-Good and choice 3.50® 4.50 Common and medium 2.00® 3,50 SHEEP AND LAMBS Receipts, 500; market, steady. (90 lbs. down) Good & choice.* 7.00® 7.50 (90 lbs. down) Com. and med.. 4.006' 7.00 (90-110) lbs.) Good and choice 6.50® 7.25 —Ewes— Good and choice 1 75® 2 75 Common and medium 100® 1.75

Other Livestock BY UNITED PRESS e j DeC- 2 - — H °8 S— Receipts, 6 000, including 5,000 directs; about steady with yesterday’s close; 200-250 lbs.. $3.5053.55; top, $3.55; lighter and hea\*3r weights mostly $3.50 down; pigs. [email protected]: POCking sows. 52.50®2.90; shippers took 500; holdovers. 1.000; compared close last w-eek 40 to 50 cents lower. Cattle—Receipts, 100; calves, 200; compared close week ago, heavy steers losing early advance due to strike, mostly 25c lower; closed slow at decline; long yearling strong to weak, 25c under earlier in week: only small supply light heifers and mixed yearlings and lower grade light steers, steady to strong; some in-between light heifers 15c to 25c higher; demand broadest for kinds scaling 900 pounds down, narrowest on long fed 1,400-1,700 pound kinds; extreme top $6.85 on snow yearlings; most yearlings *6®6.50; 1.300-pound kinds mostly $6.10; practical top heavies $5.75, few' late $5.50 mostly s4®s; general run stockcrs and feeders 25c higher, others steady, exS e £L cutter cows - U P 25c - Sheep—Receipts. 4,000; for week ended Friday 20 doubled from feeding stations; 10.300 directs; compared close week ago all classes steady: week’s top $7.40, late top $7.35; bulk good to choice natives and fed western. s7® 7.25: native throw-outs, [email protected]: aged ewes $1.50®3; feeding lambs. $5.25®5.75. EAST ST. LOUIS, 111., Dec. 2.—Hogs— Receipts. 1,000; market about steady with yesterdays close and moderately active under light receipts: practical top S3 55; JPVjll higher; 150-250 lbs. quotable. $3.40® 3.55; 130-150 lbs.. s3® 3.50; sows largely. $2.40®2.65. Cattle—Receipts. 300: calves. 150; market with week ago: desirable lighi weight steers steady; all other steers, 25®4Cc lower, some down more; mixed yearlings and heifers strong to 25c higher: cows strong: sausage bulls 15c higher, vealers 50c higher: stocker steers steady; top for week: 942-1,043-lb. yearlings and 670-lb. heifers. $6; 1,116-lb steers $5.35: 1.310-lb. steers, $5.25; 1,430 Lo-4 teers -, 54 - 75: cows ' $ 3 - 7 5: sausage bulls. $2.75; vealers. $6,25; stocker steers, $3.80; bulk for week: Steers, $3.50®5.85: mixed i'S a rtinsrs and heifers. $4.25® 5.75; cows. $2.2503: low cutters. $1.25® 1.50; stocker steers, [email protected]. Sheep—Receipts, 50market with wek ago: fat lambs mostly . lower: common throwouts and sheep steady; top lambs for the week. *7 50; I bulk good and choice kinds. $6.75® 7 25; i EijPPed lambs. s6® 6.50 with % Jew *6.60® 6.75; common throwouts, *3.50 I ®4.50; fat ewes, *2(5:2.75. LAFAYETTE. Dec. 2 —Hogs -MarV*t •rt* ad y: 170-225 lbs. $3 35®lSoT 225-275 40 ’ 1 in 3 '? 3 30 0 2 , 7 „ 5 " J , 25 lbs - *3.15(53.20; il°.- 170 . > bs - *3-10® 3 25; 100-140 lbs., ? ?51?-. 90 t - roughs. *2.i5 down; top calves, 55.50® 6. top lambs. $6. i „ J r ?A ED D- D(w. 2 —Hogs—Receipts. 100: a Jn Cet ' • v lower: heavy vorkers, 'nfn,k l l t d . of sales - *3.40: pigs I $2.7503: medium and heavies. S3® 3.40: roughs. $2.75® 3 Cattle Ros ; ce j p ts. light; market, steady. Calves—RehfiFh*' . mar , ket - steady. Sheep and lambs—Receipts, light; market, steady. 500 IT hnf?m?P H ’--P ec 'T 2 —Hoes —Receipts, .SL ho , ldo ' trs ,-. ‘SO; slow; mostly 10c offlight weight and pies, quotable lower; bulk. 170-250 lbs., *3 90 few 250 30ft ClO lh; ly 160-‘9O lbs.. $3 95; 250-300 lbs.. ma*n!v in s3 U - ed ' r**n 3 2 o : P ackin * sows! = i nlv r-* 3 i 2 Cattle—Receipts. 15: nomC 2l v - e^~Bf^°i P ts - 80; steady; top 'f? lers ; *7.50. Sheep—Receipts. 250: few st eady at 57.25; other grades and classes, steady. By Timex Special -i L<^L I SXI LLE - .Dee. 2—Cattle—Receipts. m s£-In nol I?! n £ 1: compared with week ago. 20 a 50c higher: most advance on slaughter steers and, heifers: fair activity on closing rounds In a cleanup trade: stocner and feeder supply light: week’s J :o -7 ! P t>n .jsL medium slaughter steers and heifers, S3^4; practical top on betkinds. S4 50: bulk feew cows. S2®2.do: low cutters and cutters. *l® L 721 hi? 1 ?, * a ’Jsage bulls, *2® 2.50; top. $2 75: bulk common to medium native stoexers and feeders. s2®3: more desirable Hereford stock cahes at $4.50. Caives—Receipts. 200; steady today and also for the week: bulk better " grade vealers. $4 50® 5: medium and lower grades. $3 50 down. Hogs—Receipts. 400: weights, 175 lbs. down. 25c lower: all other weights and classes. 15c off. 180-275 lbs $3 50: 280 lbs. un. $3: 140-175 lbs. $3 05-110-135 lbs.. $2 25; 105 lbs. down. SL7S: sows. $2.30; stags. $1.05: market, unevenly 20®55c lower for the week the maximum decline being on weights 175 lbs. down. Sheep—Receipts 25: market nominal todav and steady for the week; week's bulk medium to good lambs. *5 50 06: choio-> kinds to *6 50; bucks. $4 50 r : 5: throwouts S3 50: fat ewes *l®2 Receipts Yesterday—Cattle. 171 caives. 132; hoes. 526 sheep 45. Shipments Yester-day-Cattle. 31; calves. 107: hogs. 139. NEW YORK RAW SUGAR FUTURES —Dec. 2 High. Low*. Close. January 1 23 1 22 1 23 March 1.29 1.28 1 28 May 1.34 1 32 1 34 Julv l 39 September 1 44 December 1.20

Chicago Stocks Bt Abbott. Hnooln A Cos ——— —

TOTAL SALES. 11.000 SHARES —Dec. 2 High. Low Close Advance Aluminum 2% : Altorfer Bros ... 12 American Yvette ... % [ Asbestos Mfg 3% 2% 3% ! Associated Tel A Tel A 2% 2 2% Associated Te! * Tel 6% -. . 8 Backstay Welt . . 5 Bendix Aviation . 44's Binks Mfg 2 Borg Warner 18 IT’s 18 Canal Construction 2 1% 2 Cent 111 Pub Serv pfd. . ... 18 Cent 111 Securities pfd 6 Cent A So West ... 1 Cent A- So West pfd. 4% 4 ! 4% Chicago Corp com ... 2 1 , Chicago Corp pfd 21 20% 21 Cities Service V% Club Aluminum ... a* Commonwealth Edison. 37 36% 36% Cord Corp ' 7% Crane Cos pfd ... 33 Great Lakes Aircraft .. % % % Illinois Brick 4 Iron Fireman 6 Jefferson Elec 10% Katz Drug 20 5 Lvnch Corp ... 29 McWilliams Dredg Cos .. . . 13 3 Middle West Utilities % Midland Util 7% P L .. .1% Modlne 8% 8 8

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© 550 Indiana, mine run 5.00® 5.25 Kentucky lump 700 Pocahontas lump 8.25 Pocahontas egg 825 Pocahontas forked lump 9 25 Pocahontas mine run 7.25 New River smokeless 825 West Virginia lump 6.75 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.

Local Union Protests •Proposed Hotel Code

Pay Based on Percentage of Receipts Called Unfair. Protest against the restaurant men’s proposed NRA code, fixing salaries on a percentage of the gross receipts, is registered by the Cooks, Waiters’ and Bartenders Union, Local 437. headquarters 119 East Ohio street. In a resolution passed by the union, it says: “We are striving to do our bit under the NRA, but we feel that

Fewer Needy Apply to County Relief Kitchen

Civil Works Projects Are Lessening Need for Charity. Families applying for food at the city and county relief kitchen, 224 East Maryland street, have dropped from 1.200 to 600 families since the county have been paying wages for made-work. W. H. Marsh, manager of the soup kitchen, said today that in November, 1932, the kitchen was supplying 1,800 families with food. Up to two weeks ago, 1,200 families came to the kitchen for meals, and now the kitchen serves only 600 families. In his November report, Mr. Marsh says 139,860 meals were served out of 13,720 gallons of soup, 6,050 pounds of cheese, 5,300 gallons of milk, 66,700 pounds of bread. The kitchen fed 18,396 men at tables, 22,300 on civil works jobs and 1.753 prisoners in city and county jails. In the Air Weather conditions at 9 a. m.: South-southeast wind, 11 miles an hour; temperature, 45; barometric pressure, 30.23; general conditions, high overcast, hazy; ceiling unlimited; visibilitl, 6 miles. Enters Tri-State College George Dine, 2917 East Tenth street, has been accepted for admission at Tri-State college, Angola, Ind. He will study engineering.

HORIZONTAL Answer to Previous Puzzle 11 Pair fabbr.). 1 First name of FeTAlP l LlKHl"'ltlclhifitmlc dI 13 F,owerformer Rus. djCgAIN 1 fiygpl 15 .'ann'M o ' sgcgnfln f tpi Orfle is„ti.r. (abbr.). fteTHfrtrStrl||Trfe 18 Nominal value. 4 Last name of KITCHENERH* 2f) Threefold, the pictured ftmlo Ii 21 Excavated. m.D. fla£<nigL| K| —JaaiL 23 p„ m „, , h . 10 Internal decay >-< b(J NIdA ND A| hand, in fruit. ■fell 5 jtmUE 25 English 11 Companion. .|W AIR O’F F money. 12 To secure a NIA £ :LHE Q O SHC Q2B To treat with boat. ' 1 iBl - U L[L[EjP contempt. 14 Kiln. NBE.ATMQPBBL O QS£ 29 Prones ,5 He was |e.~ST ■~5 l. ~| IL r. 1. bl 3, Ordtory of RllS6i2L I3npnspp after the f Z°™. 50 e 32 Theor / fhat bloodless revo- 3 ” He t 0 a the class - matter and lution in 1917 govern- VERTICAL mind are on*. met,t ITon 33 Dried plum. 16 3.1416. 38 Plant shoot °° n 34 Vermont 17 Behold. 40 One who qT n a P (abbr). 18 Father. ’ , “ rlrfls , w 35 An adit 19 Seventh note. n . Laughter _ Partic i e 20 Also. sound. Ulmns 37 Situation of 21 Twenty-four 42 Credit. cables on a hours. 43 Deeper layer 6 Inducing to vessel. 22 Antiseptic of skin. 'omit 3!) Bow of a boaL powder. 44 Legal rule. ” Water wheel. - 41 Entrance 24 Sixty minutes. 45 Unit 8 Call for help. room. 26 To employ. 46 Ruby spinel. 9 Kronen 43 Automobile. 27 Unit of work. 47 Lubricants. (abbr ). 44 Cover 29 Doctrine. 48 To be 10 What govern- ' 46 To subsist 30 Go on (music). indebted. ment folloued 47 Natural 31 Plural (abbr.). 49 Microbe. Isis downfall? power

3“""™ * ,^r m £T“ ®P 35“ I 3 * jST f" 55 7

Northwest Bancorp 3% 3% 3% Potter Cos . 41, Prima Cos 10 Quaker Oats 123 Quaker Oats pfd 112 So West G A- Electric pf . ... 41% Standard Dregd Cos .1% 1 1 Swift &Cos . ... 14% 14% 14% Teie Bond A- Sh pfd . . 8 Vortex Cup Cos 7% Walgreen Cos com ... 18 Ward Montgomery A 82 75% 82 Yates Machine .. ... % LOCAL BONDS RETAIN HIGH RATING IN N, Y, Triple Securities Listed as Legal Investments. By Time* Special NEW YORK. Dec 2.—lndianapolis triple securities have proven their valuable position in the metropolitan banking field, it was reported today when they were listed by Joseph Broderick, New York superintendent of banks. Mr. Broderick listed the Indianapolis bonds when making his report on legal investments arranged to protect depositors in high class saving banks of the world. While various important railroad and utility companies were stricken from the list of first-class ranking securities, Indianapolis school city and Marion county bonds continued to meet requirements for legal investments, according to Code 239 of the New York state banking law.

during prosperity, no restaurant paid us any percentage of the profits made. All they paid us was a meager existence and we worked not less than 84 hours weekly. “The depression has caused a lot of cut-throat restaurant operators and most of them are serving food at a loss. The union h.%s invited restaurant men to co-operate with us in trying to organize, and together we could eliminate the cutthroat operators. “The restaurant association has volunteered to place the industry under the NRA; this they have utterly failed to do," the resolution concludes.

QUILT DISPLAY IS SET Olive Branch Christian Church to Hold Event Tuesday. A quilt display will be held at the Olive Branch Christian church Tuesday afternoon and night. Entertainment and light refreshments are on the program. The committee in charge includes Mrs. Paul Hare, Mrs. Jack Love, Mrs. Guy Arnold and Mrs. Henry Herbig. TUXEDO WOMEN MEET Report on Recent State W. C. T. U. Convention to Be Given. Regular monthly meeting of the Tuxedo Women's Christian Temperance Union will be held Tuesday afternoon at 1:30 at the home of the president, Mrs. Beth Fuson, 2862 Brookside avenue. Report on the recent state convention will be made. BIBLE CLASS TO MEET Bock of James Will Be Review Subject at Marrott. Bible classes will be resumed at the Marrott hotel on Tuesday morning at 10 with a review of the Book of James by Mrs. Charles J. Buchanan, class leader. Two more lessons are scheduled for this winter. Women interested in the Bible are urged to attend the classes.

PAGE 9

UNEVEN SALES FORCE MAJOR GRAINS LOWER Uncertain Monetary News Influences Futures Near Close. BY HARMAN W. NICHOLS United Pres* Staff Correspondent CHICAGO. Dec. 2.—Scattered, belated liquidation moved back into the market today and wheat values, at the extreme, slumped to the lowest levels since Oct. 20 on the Board of Trade. At the close wheat was IN to 2 cents lower; corn was off % to 1% cents, and oats was % cent higher to 1 cent lower. At the inside wheat broke as much as 3 cents from Friday s last prices, while corn was off around 1% cents at the extreme, the lowest since Nov. 3 With monetary factors the prevailing influence, a tone of uncertainty prevailed. Outside speculative interest in wheat was not large, although fair buying developed around 84 cents for May. Further rains were reported in the drought area of the southwest and this had some effect on the July delivery. Nothing was heard today regarding additional Canadian distilling for American com and there was likewise no increase in offerings from the country. December oats and rye acted somewhat tight and gained on May during the day, due partly to the changing over of hedges into the May delivery. Provisions were dull and somewhat easier with grains. Chicago Primary Receipts —Dec. 2 -BushelToday. Last week. Wheat 467,000 437,000 Corn 517 000 982,000 Oats 108.000 182,000 Chicago Futures Range WHEAT —Oee. 2 Prev Open. High, Low, Close, close. pee. 82 82% .80% .81% .82% May , ,85 s , 85% 83% .84% .86 July 84% .84% .82% .33 85 CORN—£ec 43% 43% .42% .43 44% May . .50% ,50% .49% .50 .50% July 52% .52% .51% .52 .52% OATS— Dec. 31% .32% .31% .31% .31% May . .34% 35 34% 34% 35 July . .34 .341, .33% .33% .34% RYE— Dec 51% .54% .51% .54% .53 May 58% .58% .56% .58% .59 Julv .60 .60 .58% .59% .60% BARLEY—£>ec 34% 36 .34% .36 .36% May 42% .44% .42% 44% 44% July 45 .45% LARD (Old) Dec 4.17 4 20 4,17 4 20 4 20 Jan 4.87 5.00 Mat . 5.22 5.22 520 5.22 535 BELLIES (old) Dec 4 12 4 20 4.12 4 20 4 05 Jan 5.40 5.45 May 6.00 6 00 BELLIES (new) Dec 4.80 4.65 Jan 5 85 5 85 May 6.60 6.60 LARD (new) Dec 4.65 4.67 460 467 .4 75 Jan 5 40 5.47 May 5.85 5 87 5.75 5 80 5.85 July 5.85 6.00

Indianapolis Cash Grain

—Dec. 2 The bids lor car lots of Brain at the call of the Indianapolis Board of Trade, f. 0. b.. shipping point, basis 41% New York rate, were: Wheat—Weak No. 1 red. 77® 78c: No. 2 red. 76'./77c; No. 2 hard 76® 77c. Corn—Weak: No. 3 white 37® 38c; No. 4 white. 364/37c; No 3 yellow, 36®37c; No. 4 yellow, 35® 36c: No. 3 mixed, 35® 36c; No. 4 mixed, 34® 35c. Oats— Steady: No. 2 white. 30®31c; No. 3 white, 29® 30c. INDIANAPOLIS WAGON WIIEAT City grain elevators are paying 74 cents for No. 2 sort r:a wneat. utner grades on their merits. CHICAGO CASH GRAIN By V nit cl Press CHICAGO, Dec 2.—Cash grain: Wheat —No. 2 hard. 82%c. Corn /old) No. 2 mixed, 44**c; No. 6 mixed. 42**; No. 2 yellow. 46' a® 46c. No. 6 yellow, 43%c; sample, 41V*c; new: No. 2 mixed. 44c; No. 3 mixed. 41%c; No 4 mixed. 40%® 40**c; No. 2 yellow, 44**® 45c, No. 3 yellow. 43' * ® 44c: No 4 yellow, 41%®42'*c; No. 4 white. 41 ®4l %c. Oats—No. 3 whi'e. 32®32%c. Rye Barley. 40® 66c: timothy, $5.50®6; cioverseed, sll® 13.75. Cash provisions—Lard $4.75; loose. $4 55: leaf, $4.62; S. bellies, $5.50.

LEGION POST TO HOLD DANCE, CARD PARTY Canteen Club Is Scene of Event Tonight; Floor Show Arranged. Kennington post and auxiliary, American Legion, will be hosts for members of Hilton U. Brown Jr. and Big Four Railroad posts at a dance and card party tonight in the Canteen Club, 963 North Pennsylvania street. Mr. and Mrs. William Bernauer will direct a floor show. The post committee in charge includes Emmett McGinley, John Kelly, Ben McMullen, George Keller, Carl Gates, John E Harness, Charles C. Cain and James S. Dale. The auxiliary committee includes Mrs. J. E. Harness, Mrs. Eugene O'Sullivan, Mrs. Minnie Riggs, Mrs. Ruth Gilmore and Mrs. Leland Dyer. TWO SUITS TAKEN BY RUSE FROM CLEANERS Negro Describes Clothing Belonging to Others, Walks Out. Theft of two suits of clothing by a ruse was reported to police last night by the Swiss Dry Cleaners, 258 Massachusetts avenue. Officers were told a Negro entered the office and asked for two suits, describing them, belonging to Jack, Deicher, 314 North Delaware street, and to a postal employe. He obtained the suits and left. Later, the owners appeared to get their suits, and denied sending any one after them. Injured in Fall Downstairs Frank Adams, 49, of 616% North Delaware street, sustained head and face injuries last night when he fell downstairs at his home. He was sent to city hospital by police.

We Buy and Sell HOME OWNERS LOAN CORPORATION 4% Bonds T. P.BURKE & COMPANY INCOOO*T£D Investment Securities Circle Tower Riley 853^ INDIANAPOLIS Ft. Wayne, Lincoln Bank lower