Indianapolis Times, Volume 45, Number 180, Indianapolis, Marion County, 7 December 1933 — Page 22

PAGE 22

Discrepancy Between Foreign Exchange and Local Value of Dollar Gives Hint of Future Trouble.

-BY RALPH lIENDERSHOT”

Times Special Financial Writer At the low for French francs recently there was a discrepancy between the domestic price of the dollar, based on the administration's price for gold and the foreign exchange value amounting to about 4% cents. In other words, foreign exchange operators held the opinion that the dollar was worth 4% cents more than we were willing to admit. But probably neither our estimate of its value nor the estimate placed upon it in the foreign exchange market was anywhere near accurate. Our estimate, of course, is an arbitrary one. and the foreign exchange market has been influenced so much of

late by foreign factors that its estimate is far from being an accurate one. * To secure an accurate value for the dollar in relation to the currency of another country it probably would be necessary to compare our commodity prices with those in that country and then adjust the currency values of the two countries on that basis. One authority suggested that if this were done between this country and Great Britain the pound would be worth about $4.20 at the present time instead of more than S5, its current foreign exchange price. son Effect of Supply and Demand Foreign exchange currency prices are based on supply and demand, but this supply and demand today is influenced greatly by artificial factors. One of the artificial factors at work at the present time, in the opinion of authorities, is the switching of funds

Ralph llendiTshot

ba k into dollars on the part of those who sent their money out of the country soon after we left the gold standard. It i., one thing, of course, for us in this country to say what the doli.tr is worth and quite another to make that value stick in the foreign exchange market. It is much like the attempts we have made to peg . mmoriity prices. People all over the world who have accumulated v.' nth are doing their best to protect that wealth, and they will convert it .;,!•> the currency of the nation in which they think it will be the safest. Pi sident Roosevelt has been criticised for not coming out flatand saying just what he proposes to do in the way of stabiliz. ig our currency. While it is true that such a statement on his part would aid business materially, it would at the same time cause him coi. iderable trouble in the foreign exchange market. If the holders of the world's capital were to learn that the dollar was to be pegged at any given figure, and realizing that we -have the gold with which to peg it, they would be inclined to run from other currencies less secure in o ours, and the demand for dollars would create some nimble footwork and no small amount of foreign exchange operations on the part of our chief executive. a a a a a a France Has Her Troubles France, on the gold standard, for instance, is having much more tn übl<- with its currency than is the United States. People with francs are anxious rithei to convert them into gold or to exchange them for the currencies of other countries which already have been deflated. At the moment they prefer the pound to the dollar because they are afraid of Inflation here. Consequently. England's huge equalization fund has been of little aid in stabilizing the pound, and private financial deals have been consummated between England and France to help remedy the situation and keep France on the gold standard. So long as this country holds out the threat of inflation it probably wbl be possible to keep the dollar down in value and test out the theory that domestic prices can be raised by dollar deflation. But the minute we start to talk stabilization there is likely to be trouble unless, of course, we put a tax or an embargo on exchange transactions or unless the leading nations of the world can agree to stabilize at the same time.

New York Stocks

—Dec. 7 Prev. OiN— Low. 10 30 close. Amerada ■ 45? A'! Rfg 30 3o‘s BarnMiall • 9 9 Consol Oil font of Del 18 18 * Houston i newi • 4 . Indian Rfir •• ■ . Mid Cont Pet. .. ••• ■ ■ J 3 Ohio Oil ■ }4 •= Pet Corp IQ 5 * J2'2 Phillips Pet 16 " Pure Oil 12 Jf Sbd Oil ... 34 Shell Un |, Skellev Oil ■ 812 Sue Vac 160 16 3 e ISJ" 16;s S O of Cal .. • • 42' a 42>s S O of Kan 38* S O of N J 46 J . 46> 2 T. a. Corp 26? 26 4 Tid water Assn 10's 10’• Un Oil of Cal 20 20' 2 Aiv.'Vi'otr Mills ... ... 1?; I§’s B- -h Steel . 3a 1 * 3a * JBy.'ts AM ... 27 8 Col Fuel & Iron f * C rue Steel 21 Gulf Sts Steel .. ... 23 Inland Steel ... 3a 3a Ludlum Steel .. .. ••• 13 Natl Steel , ••• 4.-s 4J’-* Rep Iron & Stl 16'a 15 8 16 la 8 Rep Iron & Stl p .. ... 36 36 b U S Smelt. . . • ••• Vanadium . 23 3 s 23’a *3 23 Mid Steel . . . •|2 U S Pipe & Fdv • • 18; 8 19 U S Steel. 46’x 46‘s 46’4 46'a U S Steel pfd ... •■ • . M Youngstn S&T 52 51' 51 * Kails— , n At 1 Cst Line 39 B& 0 24>4 24 2 Can Pac I*l, * 1* * Ch A- Ohio 40-. 41 Chi i'Gt W • ••• 3 C M & St P ... • • 3's C M A St P pfd 8 3 . B'i B'2 8 3 1 Chi N W 8-s •Chi R Tsl 3 '2 Chi R 1 I'.r pld . 5 ... Del a & Hud Tr-rt . . . ID°B Nopfd .V. 21 20’4 20’ *2f* 111 Central 31 31 K C Sou 12 LOU .V Nash 49 MK & T .. - • ••• 8 2 Mo Pac 3 * 3 b N Y P! Cent‘ n 36 5 s 36'i 36J j 36J 2 N Y Chi A- St L.. . . J®' a 16 3 4 NYC& St L p 18’* 18 4 N Y New Haven l> N Y Ont & Wes 9 Norfolk & Wes 15' Nor Pac 23's 23 * Penn R R ••• 29 -8s Reading ™ 44 2 IS U R Pa R .•24'. 24 24-a 24’. Sou R R pfd. 26 Union Pac . • • • • “i * Wabash t.. West Maryl a 8

Molors — Auburn • ■ • •• • , 4 ® 2 Chv. ;er 51*. 51 ol** 51 Gen Motors 34* 34 34 33's Hudson Mot : : & ifc Maclt Truck';.’.'.’ 31 3*! Nash 2 =; B 24 a Packard 4 3 4 Reo " s * Studebaker 4 ‘ * Yellow Truck *'* Motor Access— Bendix 16 '* If* Bohn Alum '4 Borg Warner 19 1J * Briggs i®, 2 Budd Wheel •• 3_< Eaton Mfg 12’s I?,* Elec Auto Lite .. 18S 18>4 Hcud A 3 3 4 3 5 s Mullins Mfg • . 42 Murrav Body o's 6's Stew Warner 6 Timken Rol 30 3 e Mining— Alaska Jun ... 22 .IS Am Smelt 43 3 4 43 ! 2 43's 44_ Anaconda 15 14 s Cal A- Hecla ... . ... 4-a Cerro De Pasco ... . .33 3 35\ Granbv ... ... 9 G' Nor Ore 10> Homestake Min.. .. ... 310 ..., Howe Sound ... 33"'4 Tr,’ Nickel . 21% SIS 2T's 21 s , Kenr.ecott Cop ... . 20 5 20 3 4 Noranda Cop .. . ... .. . 34*, Phelps Dodge 16 3 4 16 3 4 Tobaccos — Am Snuff ... 50 50 Am Sum Tob ... 15 5 15 Am Tobacco A .. . . . 14 Am Tobacco B . . 16 16 Gen Cigar . .. ... 29'* 29% Lice A: Mvers B 85*4 85'- 2 Lorrillard US 17*, ll'j US Reynolds Tob B .. . . 41 3 s 47% Tsuipments— Allis, Chalmers . .. ... ... 19 3 Am C A F 24% Am Loco • 30 Am Mach A- Fdy ... 13 3 4 13% Am Steel Fdv 19 Bold Loco 12 12 Burroughs 16*4 16 16% 16 Case J I 12 1 2 12, Cater Tract 24% 24-4 Colgat Palm Peet .. ... 11 5 11 s Congoleum ... • 23% Elec Stor Bat 46 Foster Wheeler lo 3 4 Gen Am T Car • 30 S Gen Elec 20*3 20-4 Gen R R Sis 31 Ir.gsol Rand ... ... 64 4 Ir.t Bus Mach 144 Int Harvester . . 42 % 42*4 Kelvinator 11J a Natl Cash Rcc 16 16Proc A- Gamble 42 Pullman Ir.c ••• 4.-, G Simmons Bed • 1‘ • Und Elliot 34*2 • • Westingh Elec - 39% 39 4 West Air B . . ■ • 2 Worthington Pm 23% I'tllities— Am A- For Pwr 9 J 4 9;% Am Power A Lit.. . . ... A T A T 11.4. Hi Ath Wat Wks }?% If 3 , Cos! Gas A- Elec. .. ... 11 3 4 11 i Col G A- E pfd Si's _ Com A Sou . . ■ I * 1 * Ccmsol Gas 3. 3 3. % 3.;4 Elec Pwr A- Lit 4 s'. E D A L p*d 8- 2 9 Int TA T . 13 3 . 13>4 13*4 13% Lou Q A- E A • 16*2 Nat Pwr A- Lit J'a 9% North At?er 15 15 Pac OAE ... 16 3 4 16% Pub Serv N J . 34 So Cai Edison 16 16 Gas 9

Wall Street

Std Gas pfd ... 9% United Corp . . 8% 5 Un Gas Imp . . 15 14% Ut Pwr & Lit A. . . ... ... 3 Western Union . 56% 56 56 56’% Rubbers— Firestone ... 21% Goodrich 15 Goodyear . 33 38 U S Rubber ... 17% U S Rubber pid. 29 Kel Spring . 2% 3 ; Amusements— Fox Tliea . . . 14 Loews Inc 30' s 30 30' 8 30 j Radio Corp 6% 6% 6% 6% 1 RKO . 2% Warner Bros ... 5% 5% Foods— Am Sugar 54% Armour (Ai 3% 3% 3% 3% Beatrice Cream'v . 11% 11% Borden Prod . . 20% 21 Cal Packing .. . . . 21% Can Drv G Ale . . ... 29 28% C'oca Cola . . . . 98 Cont Bak (Ai,. . . 9 Corn Prod 74% 75% Crm of Wheat. 28% 28% Gen Foods ... ... 35% Gold Dust . . 18% 18 18 18 G W Sugar . 37 Hershev ... ... 50 In: Salt 24 Loose Wiles ... 41% Natl Biscuit.. . .. . . 50% 49% Nat] D Prod . .. 13% 13% Purity Bak . . ... . 13% S Porto Rico S.. .. . 37% Std Brands . . . 23% 23% 23% 23% United Fruit ... 65% Wrigley 36% 56% Retail Stores— Asso Drv Gcods. .. ... ... 13% Best & Cos 28 Gimbel Bros ... ... 5% t Gimbel pfd ... 22'a 22% | Gr Un Tea ... 4% 4% Hahn Dept Sts ... 6 Kresge S S 13% 13% Kroger Groc .. ... . 24% Macy R H 53’* May Dept St ... . ... .. . • 28 I Mont Ward .. . 23% 23% 23% 23% Penny J C 53 Safeway St 46 | Sears. Roebuck . 44’ 44 44 44 Woolworth ... 42% 42'a l Aviation— Aviation Corp . 7% 7% 7% 7% Douglass Air ... . ... 14% 15% Curtiss Wright ... 2% Curtiss Wright ’A' .. ... 5% Nor Am Av 5% United Aircraft ... ... 34 33% Chemieals— Air Reduction 103 Allied Chem ... .. 148 Am Com Alcohol .. ... .. 50 Col Carbon . . ... 63% 63 Com Solvents . . 32% 32% 32% 32% Dupont 91 1 4 90% 90% 90% Freeport Tex . , ... 47% l Liquid Carb . .. 29% 29 29 29% Math Aikali .... ... 40% Tex Gulf Sulph. .. . . 44% Union Carbide .... ... 47 % U S Ind Alcohol 61% 61 Natl Dist tnewi 26% 26’ 2 26'2 26’4 ! Drugs— Coty Inc . . 4 4% ; Lambert . . 27% 27% | I.ehn A: Fink ... 18% ! Zomte Prod 7% Financial— Adams Exp . 8% 8% I Allegheny Corp ... 3% Chesa Corp 36 36% Transamerica ... 6% 6% Tr Conti Corp 5 Building— Am Radiator ... 14% 14% 14% 14% Gen Asphalt ... ... 15% Int Cement ... 31% 31% Johns Manville.. 61% 61% 61% 61-% Libby Owens Gls 34% 34 34 33% j Otis Elev 14% 14% Uien Const 2% 1 Miscellaneous— Am Bank Note 15% Am Can 98% Anchor Cap 21% : Brklvn Man Tr. . .. ... ... 29% Conti Can . 75 74% 74% 75 Eastman Kodak. ... 82% 82 1 Owens Bottle 83% 83% i Gillette 10% 10% 10% 10% • Gliriden ... 15% | Gotham Silk ... 9% ] Indus Rayon 78% i Inter Rapid Tr 9% Real Silk Hose 9% 10% New York Curb /Bv Abbott. Hoppin & Cos.) —Dec 6 Close.' Close. Allied Mills . 8% Gt At! A- Pac. 13% Alum Cos of Am 79% Glen Alder, Coal 12% Am Beverage 1% Gulf Oil cf Pa. 58 Am Cvanide B 13 Hiram Walker. 44% Am Gas A- Ei . . 20% Hud Bav Mir. . 9% Am Superpower. 2% Humble Oil . . .101 Atlas Coro 11-% Imp Oil Ltd . 14 Axton Fish Tob 64 Int Peircl . . 21% British Am T A 28% lake Shore Min 45% Car. Ir.d Ale A 16% Mt Producers . 4% Can Marc 2% Natl Av . 9% Cities Serv 1% Natl Bellas Hess 2% Commonwth E 38% Nia Hud Pwr.. 5% Consol G of Bit 46% Pan Am Airways 49% Cord Corn 7% Park Davis . 23% Creole Petrol. 10% Penn Road 2% Crown Ck Tntl 6% St Regis Paper. 2% Deer? * Cos . 31% Sal Crk Prod.. 5% Distillers I;m . 20% Sherwin Wms.. 45 Distillers Corp. 22% Std of Ind ... 39% Dow Chem . 73% Std cf Kv .... 15% E! Bor.c A Sh. 13% Technicolor Ir.d 9% Fisk Rubber. 7% Teck Hughes Gd 5% Ford of Can A 14% Tn Pwr A- Lt A 2% Ford of Europe fi% Wr Harg Mir, . 6% Gen Aviation.. 5%

U. S. Government Bonds

NEW YORK. Dec 6 —Closing liberty bonds Decimals represent thirty-seconds'. Liberty ! 3%s .32-47 100.3 First 4%s i32-47' 1013 Fourth 4 : 4S 33-38. 101 16 Fourth 4 1 4S 33-38' called 1016 Treasury ' 4 1 4S <47-52* 103 31 :4 ■ 4 s. 3>4S i43-45. 99.0 is 44-54 102.22 . 3%S 46-561 10! 3%s 143-471 99.6 3%s 41-43. March 99 11 3%S 40-43) June 99 13 3'4S <4l > 98.29 3‘.s <4B-491 96.20 3s 1,51-554 95.4

ISSUES DISPLAY FIRM TREND IN LIGHT SESSION Treasury Offering and New Fears of Inflation Favorable.

Average Stock Prices

Average of thirty industrials for W'di.esaay: high 102 72, low 100.70. last 101.28, of! .71. average of twenty rails: 40 04 30 07. 40.53. up .70 average of twentv utilities: 24:21. 23 60. 23.63, oft .25; avr-rav of forty bonds 81.37, up .36; average of ten first : ails: 33.40. off .01; average of ten second rails 64.79. up .93: average of ten utilities: 91 04. up .25; average of ten industrials: 83.64, up .27. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Dec. 7—Stocks ruled firm at the opening today with trading volume light. Traders were favorably impressed with the treasury’s offering of $950,000,000 one-year notes and immediate fears of greenback inflation were allayed. A long list of issues moved up fractionally from the previous close. Wet stocks recovered part of their yesterday’s losses. Automobile shares were in fair demand. Oils, rails, utilities, steels and farm equipments made small gains. Mining shares eased fractionally. United States Steel opened at 46 %, up %■; National Distillers 26%, up •%; Du Pont 91*4, up %; Columbia Gas, 11%, up *4; General Motors, 34%, up % on 1.000 shares; Sandard Oil of California, 42%, off %; Mclntyre Porcupine 39%, off %; Case 72’ L>. up %; American Telephone 117%, up %, and Consolidated Gas 37 7 S , up %. During the early dealings prices held around the initial levels and trading was very light. The R. F. C. kept its gold price at $34.01, where, it has been for five days. The dollar was slightly higher. United States government bonds eased off slightly while the remainder of the market ruled steady. Cotton futures were practically unchanged from yesterday.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 7 Clearings $1,369,000.00 Debits 4,165,000.00 TREASURY STATEMENT —Dec. 7 Not balance for Deo. 5 . .$1,028,732,421.63 Mise. int. rev. repts 8,127.609 50 Customs repts. mo to date 4,288,426.47

Foreign Exchange

(By Abbott, Hoppin & Cos.) —Dec. 6 Close. Sterling. England $5.12% Franc, France 0615% Lira. Italy 0830 Belgias. Belgium 2190 Mark. Germany 3750 Guilder, Holland 6330 Peseta, Spain 1286 Krone, Norway 2580 Krone, Denmark 2295

investment Trust Shares

By Abbott. Hoppin & Cos. —Dec. 6 American Bank Stocks Corp. .74 84 American A- General Sec. A.. 3.50 3.55 American Inv. Tr. Sh 1.50 2.50 Basic Industry Shares 3.38 3.44 British Type Inv. Tr. Sh 45 .50 Collateral Trustee Shares A.. 4.65 4.75 Corporate Trust Shares (old) 2.36 2.40 Corporate Trst Shares (new) 2.29 2.33 Cumulative Trust Shares .... 4.08 Diversified Trust Shares A . 6.25 Diversified Trust Shares B. . . 7.37 762 Diversified Trust Shares C... 3.06 3.10 Diversified Trust Shares D. . 4.80 4.90 First Insurance Stock Corp.. 1.33 1.38 First Common Stock Corp... .83 .98 Fixed Trust Oil Shares A..., 8.70 8.90 Fixed Trust Oil Shares 8... 7.30 7.50 Investors Inc 17.87 18 25 Low Priced Shares 5.60 5.70 Mass. Inv. Trust Shares 17.87 18.25 Nation Wide Securities 3.14 3.20 North Amer Trst Shares (53) 1.89 North Amer Tr Shrs (55-56). 2.38 2.41 North Amer Tr Shares (581.. 2.50 2.70 Selected American Shares .. . 2.60 Selected Cumulative Shares.. 6.80 7.00 Selected Income & Shares.... 3.50 390 Std American Trust Shares A 2.90 3.03 Trust Shares of America 2.86 2.90 Trustee Std Oil A 5.50 5.75 Trustee Std Oil B 5.15 5.35 U S Electric Lt <fc Pwr A ... 10.25 10.50 Universal Trust Shares 2.99 3.04

Federal Farm Loan Bonds

(By Blyth & Cos., Inc.) —Dec. 6. Bid. Ask. 4s. Nov. 1, 1957-37 80% 81% 4s, May 1. 1958-38 80% 81% 4% s. July 1, 1956-36 81 82% 4%5, Jan. 1. 1957-37 81 82% 4%5, May 1/ 1957-37 81 82% 4%5. Nov. 1. 1958-36 81 82% 4%5. Dec. 1. 1933-32 99% 100% 4%5, May 1. 1942-32 87 88% 4%5. Jan. 1. 1943-33. 87 88% 4%5. Jan. 1. 1953-33 S3 84% 4%5, July 1. 1933-33 83 84% 4%5. Jan. 1. 1955-35 83 84% 4%5. July 1, 1955-35 83 84% 4%5. Jan. 1, 1956-36 83 84% 4%5. July 1. 1953-33 87 88% 4%5. Jan. 1. 1954-34 87 88% 4%5. Julv 1. 1954-34 87 88% ss. May 1. 1941-31. . . . 93% 95 ss, Nov. 1. 1941-31 93% 95 Home Loan 4s. July 1. 1951... 83 84

Bright Spots

By United Press American Telephone and Telegraph Company earns October net loperating income of $1,466,587 against $580,858 in October, 1932. Dictaphone Corporation declares dividend of 25 cents a share on common stock, first payment since March, 1932. American Snuff Company de- | clares extra dividend of 25 cents a ■ share. Canada Dry Ginger Ale, Inc., re- ; ports net income for year ended i Sept. 20 of 5456.087 against $423,821 | in preceding twelve months. United States Tobacco Company declares special dividend of $5 a share on its common stock. American Power and Light Company reports November electric out- | put of 74.330.000 kilowatt hours against 65.525.000 hours in similar week of 1932. NEW YORK RAW SUGAR FUTURES —Dec. 6 High. Low. Close. January 1.24 1.22 1.23 March 1 30 1.27 1.28 May 1.35 1,33 1.39 July 141 139 1.39 September 1.46 - 1 43 1.43 December 119 North Side Home Looted Home of Walter Williams, 5511 College avenue, was ransacked last night by thieves, but extent of the | less had not been reported to police today. City Woman Is Robbed Breaking into the home of Mrs. C. W. Nichols, 525 Sutherland avenue. Apt. 1, thieves opened a trunk in the basement and stole a suitcase and clothing valued at SSO, she reported to police last night.

THE INDIANAPOLIS TIMES

On Commission Row

—Dec. 7 Fruits , Cranberries—Cape Cod early blacks. 25lb box, $2.25. Grapes California emperors, crate, 11.7551.85. Pears—Washington D'AnJcu '9O-165s>, $2 75- Washington Bose < 100- 135s>. 52.75: Avacos. Fia. 'lO-18$!. crate. $2. Bananas—Per pound. 5%c Apples—Wealthy, Wolf River. Grimes Golden. Jonathan. Florida. 51.3551.75. a bushel; fancy Jonathans, $2 a box. Grapefruit—s3® 4, Prunes—ldaho Italian. 16-lb. lugs. sl.lO. Oranges—California Valencias. $3 50&4 a box. Lemons—(36oc). $4,504/5. Vegetables Cabbage—Eastern Danish, 50-lb. bag, $1.35. Onions —Western white. 50-lb. bag, $1.40; Indiana white. 50-lb. bag. $1.25; Indiana, yellow. 50-lb. bag. SI: 10-lb. bag. 20c. Beans —Round stringless, hamper. $1.75; flat stringiess, $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. $1.15: 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 enj dive. $1.50 per bushel. I Radishes—Hothouse button. 40c dozen. I Spinash—Broadleaf, per bushel, 75c. | Turnips—Per bushel. 75c. ! Tomatoes Hothouse, [email protected] 8-lb. | Potatoes—Northern Round Whites. 100j lb. bag, $1 50'S 1.65: R. R. Ohlos. 100-lb. ; bag. $15035 1.65: 15-lb. bag. 33c; Wyoming i triumphs. 100-lb. bag. $2.10. Sweet Potatoes—Nacy Halls, per bushel, $1.35.

TWO BRIDGE TITLES GO TO OHIO TEAMS Cleveland Pair Captures R. R. Richards Trophy. By United Press CINCINNATI, Dec. 7.—A women’s team of Cincinnati and a men’s duo of Cleveland today held two trophies offered in the American Bridge League tournament in progress here. Overcoming a two-point lead held by a team of four from Cleveland, Cincinnati women representing the Deschappelles Club won the Charles E. Coffin trophy. The winning team was composed of Mrs. Greene Fenley Jr., Mrs. J. Friedlander, Mrs. R. P. Field and Mrs. Charleton Wallace. They won twenty-eight matches. Completing perhaps the last auction event that will be played in an American League tournament, Maurice Maschke and G. W. Parratt of Cleveland won the title and the R. P. Richards trophy. P. Hal Sims and Waldemar Zedtwitz, defending champions, were second. Oswald Jacoby and L. H. Watson of New York were third. Finals in the open contract pair play started today. Each pair will play eleven others for three sessions, concluding Saturday. Play in the team-of-four championship continued today.

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% 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, 10c; young toms, 12 to 20 lbs., 10c; No. 1 young toms over 20 lbs., 8c; old toms, Cc; No. 2 trin crooked breasted, 4c; No. 1 strictly fresh country run eggs 22c: strictly rots off; each full egg case must weigh 55 lbs. gross; a deduction of 10c a pound for each pound under 55 lbs. will be made. Butter—No. 1. 25®26c; No. 2, 22®23c. Butter—No. 1. 25® 26c; No. 2, 22®23c. Butterfat—l6c. Quotea by the Wadley Company. BY UNITED PRESS CHICAGO. Dec. 7. Eggs Market, steady; receipts. 1.008: extra firsts, 24c; fresh graded firsts. 22c; dirties, 11® 13c; checks. 10®ll%c; current receipts 17® 19c Butter—Market, steady: receipts, 11.927; extras, 21c (92 score; storage standards. 17%c (90 score); storage extras. 18c 92 score); extra firsts, 19@19%c 190-91’-, score); firsts, 16® 18%c (88-89% scorei; seoends. 15'2C 186-87% scorei; standards, 20c (90 scorei; specials, 21%®22c; Cent., 18%c; (89 scorei; Cent., 15%c (88 score); storage Cent., 16%c 189 score). Poultry— Market, steady; receipts 44 'fucks. 1 car due: heavy hens (chickens). 9c; light hens (chickens), B%c; hens, 9%®io%c: Leghorns, 7c; colored springs. 9%®10%c; Plymouth Rocks, 10%llc: White Rocks, 10%®ll%c; heavy white ducks, 6®9c; geese, B%c; turkey toms, 13c; old turkey toms. 11c; roosters. 6%c. Cheese—Twins, 11%®11%c; Longhorns. 12®12%c; S. Daisies. 12©12%c. Potatoes—Supply liberal; demand and trading slow; market steady; Wisconsin round whites. $1.25; Idaho russets, $1.60® 1.62%. Shipments, 548; arrivals 51; on track, 194.

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# 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 8.25 W'est Virginia lump 6.75 West Virginia egg ti.so Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to bin. Other Livestock By Times Special LOUISVILLE. Dec. 7.—Cattle —Receipts. 225; supply light; killing quality generally plain; market slow and mostly steady; bulk common to medium slaughter steers and heifers. s3®4; better finished kinds quotable from $4.25 to around $5.50 for best; fed lightweights of the baby beef type bulk beef cows. s2® 2.50; good smooth kinds eligible higher, low cutters and cutter cows, $ 1 1.75; most sausage bulls, $2.50 down; common to medium native Stockers and feeders quotable mostly $2.50 ®3.50. Calves, 150; steady; bulk better grade vealers, $4.50®5; medium and lower grades. $3.50 down. Hogs—Receipts. 900; weights. 255 lbs. up. 30c higher; others Steady: 180-250 lbs.. 53.45: 255 lbs. up. $3.15; 140-175 lbs.. $3.05: 110-135 lb.v 52.25; 105 lbs. down, $1.60; sows, $2.15; stags, 90c per cwt. Sheep. 100; steadv; bulk medium to good lambs. 55.50®6; choice kinds. $6.50; Ducks mostly, $4.50® 5; throwouts, $3.50; fat slaughter ewes, $1 S'2. NEW YORK COFFEE FUTURES —Dec. 6 SANTOS High Lotv Close January 8.59 March 8.75 B.SO 8.75 May 8.85 8.75 8.85 July 8.97 8.84 8.97 September 9.25 December 8.57 8.37 3.57 RIO January 6.15 March 6.20 May 6.35 6.27 6.34 July 6.44 6 34 6 44 September 6.54 December 6.00 5.94 6.00 CHICAGO FRUIT MARKET By United Press CHICAGO. Dec. 7.—Apples—Michigan | Jonathans. $1.35® 1.50: Mcmtosh, 51.25® j 1.75: Spies, $1.25® 1.60. Carrots—lllinois, 403/60c bushel. Spinach—lllinois. 65c'// $1.15 bushel Beans—Southern Green. $1.25-3/2 bushel. Mushrooms—liknois. 15'-/ 25c lb. carton. Cucumbers—Southern. 51.50 : 2.50 bushel. Tomatoes—California. sl2s'-/ 2: Illinois and Ohio hothouse. 65'-/75c. Leaf lettuce—lllinois hothouse. 12%'-: 15c box. Celery—Michigan. 353/85c square crates. Cabbage—Wisconsin. s2'-/2.25. 100 pounds Sweet potatoes—lllinois. $1.25® 1.35: Indiana. Sl.aO Onion market—Western Valencias. [email protected]; Central western yellows. 65® 70c. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 76 cents for No 2 soft red wheat. Other grades on their merits. In the Air Weather conditions at 9 a. m.: Southwest wind, 16 miles an hour; temperature. 30; barometric pressure. 29.93 at sea level; general conditions. high, thin, broken clouds, hazy; ceiling unlimited; visibility, 5 miles.

PORKER PRICES RESUME EVEN ' TRADINGJTANOE Cattle Weak and Steady; Lambs, Vealers Hold Stationary. Steady action continued in the hog market at the Union Stockyards this morning, with practically all classes slow and selling at yesterday’s average. The bulk of 160 to 275 pounds, sold at $3.30 to 53.40. Heaviest grades on hand scaling 275 pounds and up held at 53.10 to 53.25, while 130 to 160 pounds were selling at $3.10 to $3.35. Light pigs weighing from 100 to 130 pounds were available at $2.35 to $2.85. Receipts were estimated at 9.000. Holdovers, 337. Slaughter classes of steers were dull, with the price trend weak to slightly lower than the previous session. Early quality consisted mostly of common and medium stock. Bulk steers and heifers sold under $5. Vealers remained unchanged, selling at $6 down. Few choie grades sold at $6.50. Cattle receipts numbered 700; calves, 600. Initial trading in the lamb market was stationary, with ewe and wether kinds salable at $6.75 to $7. Few held higher. Bucks ranged from $6 down, while throwouts sold down to $4. Receipts were 1,500. Early asking on hogs at Chicago showed an advance of fr6m 10 to 15 cents over yesterday’s average. Few initial bids remained steady at $3.50 down for 200 to 240 pounds. R ecelpts were estimated at 28,000, including 12,000 directs; holdovers, 2,000. Cattle receipts were 5.000; calves. 2.000; market strong. Sheep receipts were 12,000; market unchanged.

Dec. Bulk Top Receipts 1. $3.4535. 3.50 $3.60 7,000 2. 3.4530 3.55 3.55 3,000 4. 3.4535) 3.55 3.55 10.000 5. 3.3030 3.40 3.40 14.000 6. 3.3035 3.40 3.40 10.000 7. 3.3035, 3.40 3.40 9.300 Market, steady. (140-160) Good and choice....S 3.25® 3.35 —Light Weights— _ (160-180) Good and choice.... 3.4(fc (180-200) Good and choice 3.40 —Medium Weights—-(2oo-220) Good and choice... 3.40 (220-250) Good and choice.... 3.35® 3.40 Heavy Weights—--1250-290) Good and choice.... 3.25® 3.30 (290-350) Good and choice.... 3 15@ 3.25 —Packing Sows—(3so down) Good 2.60® 2.85 1350 up) Good 2.35® 2.75 (All weights) Medium 2.25® 2.50 —Slaughter Pigs—-(loo-130) Good and choice 2.35® 2.85 CATTLE Receipts, 700: market, steady (1.050-1.100) — Good and choice $ 5.00® 6.25 Common and medium 3.00® 5.00 (1.100-1.500) Good and choice 4.50® 6.15 Common and medium 3.25® 4.50 (675-750) Good and choice 5.00® 6.50 Common and medium 3.00® 5.00 (750-900) Good and choice 4.25® 6.25 Common and medium 2.50® 4.50 Cows— Good 2.85® 3.25 Common and medium 2.00® 2.35 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, 600; market, steady. Good and choice $ 5.50® 6.50 Medium 3.50® 5.50 Cull and common 1.50® 3.50 —Calves—-(2so-500) ' Good and choice 3.50® 4.50 Common and medium 1.50® 3.50 —Feeden 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, 1,500; market, steady. (90 lbs. down) Good & choice $6.50® 7.00 (90 lbs. downi 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 I.oo® 1.75 Other Livestock BY UNITED PRESS. CHICAGO. Dec. 7.—Hogs—Receipts, 28.000, including 12.000 directs; market active. 5® 10c higher; bulk 170-310 lbs., $3.40 (3.55; top. $3.55: most light lights, 53.10 ®3.40; pigs. $2.25® 3; packing sows. $2.50 <a 3; light lights. 140-160 lbs., good and cnoice, S3® 3.45; lightweight 160-200 lbs., good and choice. $3 30®3.55; medium weights. 200-250 lbs., good and choice, $3.4d®3.55; heavyweights, 250-350 lbs., good and choice. 53.25'./3.55; packing sows. 275-550 lbs., medium and choice. $2.404/3; slaughter pigs. 100-130 lbs., good and choice, $2.25® 3. Cattle—Receipts. 5,000; caives, 2.000: better grade light yearlings and light steers, 15(</25c higher; active at advance; 858-1 050 lbs.. $6.50® 6.60: light heifers selling to $6.35 and heavy heifers up to $6; medium and weighty steers slow; better grades fully steady; most steers with weight. $4.25®5.25; better market on all cows; vealers steady to 25c lower; slaughter cattle and vealers: Steers. 550900 lbs., good and choice. $5,754/6.85; 900I.ICO lbs., good and choice. $5.25® 6.85: 1,100-1.300 lbs., good and choice. $4.75® . 6.40: 1,300-1.500 lbs., good and choice, $3.75 ®5.85; 550-1,300 lbs., common and medium. $34/ 4.75; heifers. 550-750 lbs. good and choice. $5,254/6.65: common and medium, [email protected]; cows, good, $2,904/3.75; common and medium, $1.90® 2.90: low cutter and cutter cows, 51.25®.1.90; bulls, yearlings excluded, good beef. 52.754/ 3.25; cutter, common and medium. $24/3; vealers. good and choice. $4®5.50; medium, $3 @4; culls, common, $2,504/3, Stocker and feeder cattle: Steers, 550-1.050 ibs.. good and choice. 53.754/5: common and medium. $2,754/4. Sheep—Receipts, 12.000: fat lambs, slow around steadv: sheep stronger; talking $7®7.25. good to choice lambs; talking $2®3.25. common to choice ewes: fat lambs scarce: slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $6,754/ 7.35: common and medium, $54/7; ewes. 99-150 lbs., good and choice. $24/ 3.25; all weights, common and medium, 51.50® 2.25; feeding lambs, 50-75 lbs., good and choice. $5,504/6.10. LAFAYETTE, Dec. 7. Hog market Steady; 170-225 lbs.. $3,204/ 3.2d: 225-275 lbs.. $3,104/3.15; 275-325 lbs.. $3®3.05: 140170 lbs.. S3® 3.10; 100-140 lbs.. 32.254/2.75: roughs. $2.75 down. Top calves—ss4/5.50. Top Lambs —$6. CLEVELAND. Dec. 7 Cattle—Receipts, 300; market active with trade satisfactory; steers range In price from $3.25® 6.25. according to weights and grades; common to good heifers. 53®4.75: medium to good cows. s2®3. Calves—Receipts. 400: market steady; choice to prime. $6,604/7; choice to good. 564/6.50; common. S3® 5. Sheep —Receipts. 2,000: market generally steady: eastern order buyers take all available receipts: choice wethers. $2.50;/3.25; choice lambs. $7 /7.35; good to choice. S6®7; common and culls. S3® 5. Hogs—Receipts. 1.100; market 10 cents higher in active trading; all sold early; heavies. $3,504/ 3 75: butchers and choice Yorkers. $3.75; stags. 51.50: roughs. $2.50: pigs. $3.8). PITTSBURGH. Dec. 7.—Hoes—Receipts. 2.600. holdovers. 450: fairly active; mostly steadv: 170-250 lb. averages, bulk at 53.75: several loads. 190-240 lbs. on shipping order. 53.80: 260-350 lbs., 83.50® 3.75; 120-145 lbs., $34/3.25: 110 lbs. down. s24z, 3: packing sows. 10c lower: mainly $2.75. Cattle—Receipts. 65: nominal. Calves—Receipts. 225: slow 50c lower: better grade vealers. s6® 5.50: medium. 54.504/5.50: dull to common. S2'/4: heavy calves. 55.50 down. Sheep—Receipts. 1.500; steadv: fat lambs. $6.75'//7.25: bulk. 37.25; medium grades. $4 ® 5.50; yearling wethers, around $5.25 down: aged wethers. 53.25 down: yearling wethers, around 55.25 down: aged wethers, $3 25 down. EAST ST. LOUIS. 111. Dec. 7.—Hogs— Receipts. 6.500: market opened moderately active to all interests and moseiy ,10c higher than yesterday average: top 33.50; earlv sales. 150-210 lbs . largely 53.454/3.50; a few 140-150 lbs. average. 53.25® 3.40; sows. $2.304/3.50. Cattle—Receipts. 2.500; calves. 1.000: market, steer supply light: market not established: good kinds due to sell fully steady, possibly strong: other classes were steadv; mixed yearlings and heifers. 54.25® 0f1.25: small lots higher; beef cows. $1,754/ 2.25: low cutters. 75c 0 125; ton sausage bulls. $2 65; top vealers. 55.75: slaughter steers. 550-1.100 lbs., good and choice. 85®6.25: common and medium, 82.754, 5.25; 1 100-1.500 lbs choice. $4,504/ 5.75; good. $3r75 '■> 5.50: medium. $3,254/5. Sheep—Receipts 1.200: market. receipts light ar.d quality mostly good: no early action with indications about steady; lambs. 90 lbs. down, good and choice. $6.50 ./7 25: common ar.d medium. S3 50 6.75: yearling wethers. 90-110 lbs., good and choicp. $4.50® 5 75: ewes. 90-95 Its., good and choice. $1,504/2.75: all weights common and medium. sl4/2. FT. WAYNE. Dec. 7.—Hogs—Steady; 160-200 lbs.. >3.35: 200-250 lbs.. 53.25; 250300 ibs.. 33,15: 300-350 lbs . S3; 150-160 lbe.. $3.20: 140-15 lbs. $3.10; 130-140 lbs.. $2.!X>: 100-130 Ibs.. $2 60; roughs 52.50; stags, *1 50. Calves, 46. Lambs. $6.75.

-Today and Tomorrow-

Duty of Citizens Is to Aid Neighbors Who Have Been Vcitims of Depression.

' BY WALTER LIPPMANN *

THERE is one subject about which everything has been said many times. But it will have to be said many times snore not only This year, but for some years to come. He who has any money at all must tax himself in order to support the extra burden which, in every large American community, has fallen upon the private welfare agencies.

This tax is necessary in order to meet a debt of honor. It is owed to our neighbors. We have incurred it for the simple and conclusive reason that they are our neighbors and are in need. A newspaper article is hardly the place in which to,expound the reason why those who have must give to those who want. Indeed there are no reasons which can be set forth in a lawyer’s brief or in an accountant's balance sheet. The reasons for giving are deeper than the calculations of our intelligence. For it can do little more than to explain what an instinctive chivalry of the human spirit declares is the only possible basis of human relations. But what can be done, and nothing else really has to be done, is to report the facts, to say why money is needed now, and what for. The specific question which has to be answered clearly is why, in view of all the money for relief which

is being spent by the government, it also is necessary to raise bv Voluntary subscriptions an emergency fund for the private welfare agencies. What do these agencies do that the government does not do? Why does the government not do it?

THE best way to grasp the question is to begin with a statement of fact made by relief administrator Harry L. Hopkins. No one else is so well placed as he to know the problems of relief throughout the country. Now Mr. Hopkns finds that people are going back to work. But he finds also that only one in ten of those who are being re-employed have been on relief rolls. The other nine are men and women who, though they have been unemployed, have had enough savings or help from their families and friends to survive the crisis without asking for public relief. Any one who will let his mind and his imagination dwell upon this observation will understand the problem of relief at this stage of the depression. Why are nine out of ten who have returned to work persons who never received relief? Many of them, of course, are workers u T ho earned more and saved more because they were more competent and more thrifty. But that can not conceivably account for all of them. The real reason must be that, having had resources to meet the crisis, they have kept up their health, their spirits and their appearances. It is no use to pretend that an American w r ho has to take public relief is not wounded by it and that he does not carry scars from the experience which make it harder for him to qualify for normal work. Americans do not take public relief till they absolutely must, and by that time they are weakened by hunger and discomfort and worry. Their virtue, which is to resist accepting the dole, is paid for with their life's blood. Now all the money that the government can provide will not take care of them. All that public relief can do is to see that human beings do not starve and freeze. That is not enough. A family of the unemployed which has no money can not be maintained merely by paying the rent and the grocery bill. It needs medical advice. It may need legal aid. It needs distraction. It needs special assistance for its handicapped members. It needs, in short, a powerful friend who can and will treat it, not as so many bodies to be kept alive, but as a human family to be kept intact. No government agency can do that. a an NO officials can spend the public money with the kind of discrimination which is necessary once you get above the level of mere subsistence. There is a man, let us say, who is not dying of hunger, but is dying of despair. That is just as terrible a thing to die of. If he traveled 300 miles he might find a job. But he can not afford a railroad ticket, and while he is away, there would be nobody to look after his invalid wife. What can a government office do lor him? It just can not deal with his peculiar but desperate necessities. That is where the private agencies come in. They alone have the staff, which, without fuss or humiliation to him, or red tape, can help him in the particular way he must be helped if he is to survive as a human being. Multiply the families—in New York City alone there are about 30,000 —imagine the unique character of their needs over and above subsistence, and it becomes perfectly clear why private agencies alone can deal with those unique needs. That is the essence of the matter. That is why the call to support those agencies is imperative. Among those who have any money to give, only those who have not understood the situation will fail to give. Perhaps that is not quite right. There will be some who could give, who do understand, and yet refuse. Let them feel comfortable if they can. (Copyright. 1933) BOGUS COPS SOUGHT Two Men Impersonate Officers, Get 545 and Sl5O Ring. Police today were seeking two men who impersonated officers and. threatening to arrest William C. Davis, 64, of 435 North Colorado, obtained from him $45 and a $l5O ring. Mr. Davis said the two fake officers told him they had seen him conversing with a degenerate on Monument circle, and that he was under arrest. When they demanded GI.COO bond, which he could not provide, he said, they took the money and ring and departed. Bandit Gang Is Hunted Warning to be on the lookout for three bandits, who robbed a barbecue stand at Waverley of SSO, after slugging the proprietor, was received last night by Indianapolis police. The men were reported to have headed in the direction of Indianapolis after fleeing. Electrical Fixtures Stolen Theft of electrical fixtures and a suitcase, valued at S4O, from a car parked at Georgia and McCrae streets last night, was reported to police by W. J. Johnson, Cedar Rapids, la. Badly Hurt in Explosion Edward Ott, 2261 Union street, was burred severely on the hand and arm last night when a kerosene lantern he was using in the garage at his home exploded, igniting gasoline on the floor. He was taken to city hospital by police.

Llppmann

15,000 WORKERS TO GET WAGE INCREASE Three Large Chicago Meat Packers Revise Scale. By Times Special CHICAGO. Dec. 7.—Pay increases have been announced by the three large packing companies here, Swift’s, Armour's and Wilson’s. The increases are expected to fill the pay envelopes of more than 15,000 employes. The raises are applicable only to male employes, women ’-orkers having been given salary adjustments Aug. 1. The wage revision is the result of numerous conferences between management and employes’ organizations. Similar negotiations were reported under way in other plants. John Drieborg, manager of the Indianapolis distributing plant of Swift & Cos., said he had not been notified yet of an increase in wages for local employes in accordance with the packing industries’ contemplated labor code.

Chicago Stocks By Abbott. Hoppin <ss Cos.

TOTAL SALES 31,000 SHARES High. Low. Close. Acme Steel Cos 26 Advance Aluminum ... 2% Allied Products 10% Asbestos Mfg 3’s 2% 3% Assoc Telephone Util ... % Assoc Tel Util A pfd ... % Bastian-Blessine ... 8 Bendix Aviation 16% 16 16 Binks Mfg 2 Brown Fence & Wi B 2 Butler Bros ... 4% Cent 111 Pub Serv pfd 17% Cent Fub Serv Class A Va Cent & So West ... % Cent & So West pfd... 3% 3% 3 3 /a Chi & North Western 8% Chicago Corp com 2% Chicago Corp pfd 22 Chicago Flexible Shaft 8 Chicago Towel pfd ... 61% Cities Service 2 17/al 7 /a 1% Commonwealth Edison 38% 38 38 Construct Materials pfd .. ... % Cord Corp 7% 7% 7% Crane Cos 7% 7 7 Crane Cos. pfd 36 35 35% Great Lakes Aircraft ..1 % 1 Great Lakes Dredge Grigsby-Grunow % Hall Printing 4 Hormel & Cos ~ }°% Houdaille-Hershe.v A .. 10% 10’,a 10% Houdaille-Hershev B ,-• Interstate Power 7%.. 10 9% 10 Iron Fireman Lynch Corp 34% 32% 34 Marshall Field 14% 14 14 a McGraw Electric ’ Mickelberrys Food Prd *'* Middle West Utilities % Midland United, pfd -'a Muskegon Motor Spec A io National Union Radio % Noblitt-Sparks Inas Inc ••• 24% Norwst Bancorporation 4% 4% 4 % Potter Cos 4% 4% 4% Prima Cos JO 9-2 JO Public Service 16 15 a 16 Quaker Oats Raytheon V T C 2% 2 2 Sears Roebuck 44% 44% 44% Southern Union Gas •• % Standard Dredging Cos 2% Storkline Furniture ... 4% Swift &Cos 15% 14% 14% Swift Internacional .. 29% 29% 29,4 U. S. Gypsum. Com .. .. ... 46 Utility & Ind va % -t Vortex Cup Cos Vortex Cup Cos "A” 25 s Wahl 1 8 Walgreen Cos Com .. • -. ••• Ward. Montgomery “A 88 86 86 Yates Machine % Zenith Radio * '*

Daily Price Index

By United Press NEW YORK. Dec. 6 —Dun & Bradstreet’s daily weighted prices index of thirty basic commodities, compiled for the United Press; (1930-1932 Average. 100) Today 100.65 Yesterday 100.33 Week ago 100.10 Month ago 300.08 Year ago 72.05 1933 high 'Julv 18) 113.52 1933 low (Jan. 20) 67.86 Copyright. 1933, by Dun & Bradstreet. Inc. Births Girls Wilbur and Juanita Bigelow. 6162 Cornell. Hubert and Lois Blair. Methodist hospital. Glen and Iva Kiplinger, Methodist hospital. Lawrence and Maxine Clark, Methodist hospital. Willicm and Jeanette Gamble, Methodist hospital. Russell and Margaret Hottel, Methodist hospital, Bovs Norris and Opal Houston, 3731 Rockville road. Thomas and Laurabel Trefz, Methodist hospital. Carl and Freeda Schwomeyer, Methodist hospital. John and Hannah Duffy. Methodist hospital. William and Florence Dawson, Methodist hospital. Raymond and Doris Oster. Methodist hospital. Lucius and Mollie Riggs. Methodist hos- [ pital. Deaths Letta Sophia Underwood. 66. Methodist I hospital, cholesystitis. Infant Austermiller, 10 hours, Metho- ! dist hospital, atelectasis. Floyd Gaines, 40, city hospital, encephalitis. Viola Cole. 40. city hospital, peritonitis. Robert M O Connor, 33. St. Vincent s hospital, nephritis. George Thiede, 56, city hospital, chronic nephritis. James W. Jackson. 65, city hospital, mitral insufficiency. Hazel A. Van Arsdeli. 46. 927 Bradburv carcinoma. Jacob James Riser. 47. Methodist hospital, spleno myelogenous leukemia. Thomas Graham Scott. 83, 3427 North Capitol, coronary sclerosis. Christina A. Goettsche, 68. 3561 West Michigan, diabetes mellitus. Henry Heaton. 29. city hospital, otitis media. Plumbing Permits C. L. Wilkerson. 2116 East Washington street, two fixtures. E. E. Taylor, 1428 South East street, one fixture. Bob Sloan. 142 South Illinois, two fixtures. Cook Bros.. Ohio and Pennsylvania streets, twentv-three fixtures. Karl Stahl 1404 Central, one fixture. T. E. Islev. 1001 Belle Vieu place ten fixtures. C. W’. Burris. Wayside Inn. Lafayette road, two fixtures. E M. Hardin. 4806 East Michigan street, two fixtures. Suffers Severe Face Cut Suffering a severe face cut while playing basketball at Brookside community house. Beryl Green, 24, of 1106 North Olney street, was taken to city hospital by police last night.

.DEC. 7, 1933

GRAIN MARKET TURNS LOWER ON DULL NEWS All Months Off Fractions With Foreign Prices: Trade Slow. BY HARMAN \V. NICHOLS l nitrd Pitas Staff C orrespondont CHICAGO. Doc. 7. — There was no encouraging news at the opening of the Board of Trade today and gram values slipped off fractionallly. Stocks showed slight gains in most instances. Liverpool wheat was fractionally lower. Wheat futures opened % to % cent lower: corn was off % to ■% cent, and oats was % cent lower. Rye fell off cent. The grain markets seemed to be in a position where a little engagement from the public would help materially. There is an undercurrent of optimism which might easily be stirred into action under proper conditions. The main feature of the corn market of late has been the light movement from the interior. Farmers can get more in the form of a government loan on corn in the crib and naturally are disposed to hold their grain, in many cases preferring to buy corn from elevators for feeding purposes. Chicago Primary Receipts —Dec. 6 Bushels Today Last week jy heat 476.000 £ or * n 491.000 781.000 ° ats 95,000 88.000 Chicago Futures Range —Dec. 7 WHEAT— Prpv . High. Low. 1000. close.’ Max 87'4 86% .86% 87 JulV 86 .85% .85% .86 CORN— May 52% .51% .52% .52% J Uly 54% .53% .54 .54% OATS— Max 37% .36% .37% 37 July 36% .35% .36 .35% RYE— May 90% .59% .60 60% July 61 .60% .60% .61 J BARLEY— July :::::::: ; 47^

Indianapolis Cash Grain

—Dec. 6. Th? bids for car lots of grain at. the caU of the Indianapolis Board of Trade v b v shipping point, basis 41’. New York rate, were: WHEAT—Strong; No. 1 red. 79%®80%c NO; 2 red. 78%®79%c; No. 2 hard 78%® CORN—Strong: No. 3 white. 40®41c- No 4 white, 39®40e; No. 3 yellow. 39-/40c No 4 vefiow 38®39c; No. 3 mixed, 38®39c; No. 4 mixed. 37® 38c. 3 whiTf~%®32c’ N °’ 2 Whlte ' 32 'f33c; No. HAY—Steady, (f o b country points taking 23%c or less rates to Cincinnati or Loinsvnle). No. 1 timothy. $7 50® 8; No 2 timothy. $7®7.50. —lnspections— WHEAT—No. 1 red. 1 car; No. 2 red 1 car: total. 2 cars. CORN—No 3 white, 2 cars; No. 4 white 2 cars; No. 3 yellow, 7 cars; No. 4 white. 12 cars: No. 5 yellow. 3 cars: No. 4 mixed. 1 car; total, 27 cars. CHICAGO CASH GRAIN By United Press CHICAGO. Dec. 6.—Cash grain; Wheat —No. 2 hard. 68c: mixed. No 1 86c Corn—(old) yellow. No. 2 48%®49e No’ 4. 48c. Corn—iNewi mixed. No. 2 47%c; No. 3. 45%®46c: No. 4. 44’ t ®44%c: No. 2 yellow. 47%® 48c; No. 3, 46® 47Vie- No 4. 44%® 46c: No. 5. 4c Oats—White No’ 2. 35%®36%c; No. 3. 34%®34%c, No. 4 31 %C. Rve—No sales, barley. 40®6Bctimothy. $5.50® 6; clover seed. sll®l3 85 Cash provisions—Lard. $4.95: loose. $4 65leaf. $4.62; S. Bellies. 55.50. ST. LOUIS CASH GRAIN By United I‘ress ST. LOUIS, Dec. 6.—Cash grain: Wheat in slow demand. %c higher; No. 2 red winter. 87%c: No. 2 red garlicky, 88c; No. 5. mixed. 80® 85c. Corn in good demand, lc higher: No. 2 yellow, new. 49%: No 3 yellow. new, 47®49c; No. 4 yellow, new. 45® 45%c; No. 5 yellow, new. 43c; No. 6 yellow. new, 41c; sample yellow. 37%c®39c; No. 2 white, 49’, 2c; No. 3 white, new. 47c. Oats in good demand. %c higher; No. 2 white. 36%c; sample grade white. 35c. No. 1 mixed. 36%c: No. 2 mixed. 36%c; No, 2 red. 36c. TOLEDO CASH GRAIN By United Press TOLEDO. Dec. 6.—Grain close; (Grain i.i elevators, transit billing.) Wheat—No. 2 red. 88® 89c. Corn—No. 2 vellow. 52%®> 53%c. Oats- —No. 2 white. 39®40c. Rve— No. 2. 71®72c. Track prices. 23%c rate. Wheat—No. 1 red. 84%®85c: No. 2 red. 83%®84%c. Corn—No. 2 vellow. 47%® 49%c: No. 3 vellow. 46®48%r: No. 4 vellow. 45® 46c; No. 5 vellow. 44® 45c. Oats —No. 2 white. 36®37c: No. 3 white. 35®/ 36c. Seed: Clover—December. $7 90: March, $8 15. Alsike—Cash. $8 50: December. $8 70. NEW YORK CASH GRAIN By United Press NEW YORK. Dec. 6.—Cash grain: Wheat —No. 2 ned. $1.02%; No. 2 hard winter. 51.02%. Corn —No 2 mixed. 60%c. Oat* —No. 3 white. 47%c.

In the Cotton Markets

•—Dec. 6 CHICAGO High. Low. Close. January 10.05 10.00 10 00 March 10.21 10.15 10.17 May 10.38 10 27 10 29 July 10.47 10.40 10.40 October 10.69 10 59 10.59 December 9.99 9.97 9 97 NEW YORK January 10.10 9 93 9 93 March 19.15 10 07 10 08 Mav 9,28 9.99 9 23 July 10.41 10 34 10 34 October 10.56 10 50 10 59 December 9.98 9 92 9 92 NEW ORLEANS January 9 93 9 89 9.89 March 10.12 10.05 10 95 May 10.12 10.18 10 19 July 10.38 10.31 10 31 October 10.54 10.47 10 47 December 9.90 9.83 9 83

U RAN or Boston, Massachusetts ANNUITY RATES GOING UP DECEMBER 20th Similar Action Already Taken by Many Other Leading Companies Act Sou- Before Higher Rates Become Effective Dan W. Flickinger And Associates 1222 Circle Tower LI-2494

INTEREST PAID on Savings Accounts Bankers Trust Cos.