Indianapolis Times, Volume 45, Number 186, Indianapolis, Marion County, 14 December 1933 — Page 22

PAGE 22

Recent Developments Indicate Peace Has Been De dared Between Wall Street and Washington. “BY RALPH HENDERSIIOT

Time* Special Financial Writer It looks vesy much as if peace, or at least a truce, has been declared between Wall Street and Washington. Several developments of late have pointed in that direction, and reports have been sent out from important quarters that such is the case. The Street is happy over the new status, believing that progress can be made much faster with the leaders in the two cities pulling together. The American price for gold has been allowed to stand for nine successive business days, despite the fact that sterling has shown a sub-

stantial drop in the meantime. Advices from Washington state that overtures have been made to London to stabilize the leading currencies. This indicates that this country may have carried its nationalistic monetary policy as far as is desired, for the time being at least. The stock market has reflected anew tone of confidence of late, it has acted as if it were under the wing of powerful people once more. Feeling as they did a short time ago, bankers in the financial district would hardly be supporting the market, which would be the equivalent of giving the enemy aid and comfort. a a a Issue Sells Unusually Well Another development which might be regarded as a straw in the wind was the manner in which the new government financing went over. These securities were taken in large blocks by people who previously had been contending that the adminis-

Ralph Hendcrshot

tration was ruining the government's credit. If peace has been declared it is safe to assume that its basis was dictated largely by Washington. Wall Street is not as tough as it used to be, and it probably was ready for peace at any price. The senate investigation was especially disarming, and another factor which tended to take the wind out of its sails was the fact that President Roosevelt proved rather conclusively that he could run the government, financing and all, without its assistance. But a good captain would hardly be expected to keep his ship in heavy seas just to prove his worth as a sailor. a a a Steel Scrap Is Higher Steel scrap prices have been advanced, and the increase is regarded as of special importance in trade circles. Scrap prices usually lead the way for general steel prices, and they hardly would be advanced at this time unless the prospects for the business were particularly bright. Careful observers are inclined to the view that the low point in "the industry on the reaction after last summer's speculative buldge has been seen and that, from now on production trends will be smartly upward. In all probability this view is being supported also by the greater activity on the part of the government in giving out public works contracts. ana New Financing Coming An Important piece of new financing is about to break, it is learned in responsible quarters. And it is significant to note that those responsible will conform to all of the rules laid down by the new Securities Act j Thus far new financing has been marked to a large degree by evasions of the spirit if not the actual terms of the law.

New York Stocks “ (By Abbott. Hoppln & Cos

—Dec. 14— Prev. High. Low. 10:30 close. Oils— Amerada 45 Atl R.fg 29’4 29 3 b 29 3 4 29 1 2 Barnsdall 9 Consol Oil ll 3 a ll'i ll'< li'i Cont Os Del 18’a 18 1 8 Houston mew 1 4'„ Houston (Old) 24 > a Mid Cont Pet 12*2 Ohio Oil 14 “ Pet Corp Phillips Pet 1614 is'"2 Pure Oil IP, lis ß Sbd Oil 3334 Shell Un 8 Simms Pet 10 Skellpy Oil B a i Soc Vac 16 16 S O of Cal 42' 4 41 3 4 S O of Kan 33*2 SOof N J 46*4 46' Sun Oil 5H 2 Texas Corp 25 7 a * 25 3 4 Tidewater Assn.. 10'a 10 lo* a 10 Un Oil of Cal .. 20 19 7 a 20 19 7 i Sieels— Am Roll Mills . . 19 3/ a 19’i 19 s ' s 19', Beth Steel ... 37 36'2 37 36'i Byers A M 27 3 4 27 1 2 27- 7 4 271* Cruc Steel . 21 n 4 22 Gulf Sts Steel 23 Ludlum Steel X6 3 a McKeesport Tin 89U Natl Steel 49 48'a 49 48 Rep Iron & Steel 17 3 4 17V 4 17'4 16 3 t Ren Irn Steel pfd 38 5 b U S Smelt 91 89 ! 2 91 90 Vanadium 23 7/ * 23 3 . 23 3 4 23'4 Mid S'eel 13' 2 U S Pipe Sc Pdy . ... lfl'i 19*4 U S Steel . ... 47 3 4 47> 4 47 5 a 47 U S Steel pfd ... ... .. 86 Youngst'n S & S . 23 5 s 23 3 g Atchison 56'4 55 1 2 Rails— All Cst Line .... ... ... 42 B Sc O . 25 >4 25 25'4 24 3 a Can Pac 13 13 Ch & Ohio 4040' 4 Chi & Gt W 3' a C M A- St P B'a B'2 Chi N W 8N B'2 Chi R Isl 3 3 a 3'a Dela & Hud 57'2 57' 2 Erie 16 Ot Northern pfd 21*2 21 3 4 111 Central 32 K C Sou 13 Lou & Nash 52'. 51’a M K & T 8 3 4 8 3 4 Mo Pac 3 s * Mo Pac pfd 4's 4"a N Y Cent 36 3 4 36'i 36*2 35'a N Y Chi & St L 16' 2 NY C A St L pfd 19 N Y New Haven 17 3 3 N Y Ont A- West 9'4 Norfolk & Wes 161 161 Nor Pac 24'e 24’ t Penn R R 30 30 Reading ... ... 47'2 Sou Pac 21 3 s 20 7 b 21 3 s 20 7 a Sou R R 26 3 a 26'* 2*J 3 8 26' 4 Sou R R pfd . 30' 4 29*4 30*4 30 Union Pac .. . . 113'2 Wabash ... ... 2’* West Maryland. .. ... ... 9 5 j Motors — Auburn 55 3 4 55'2 55 3 4 54>2 Chrysler . 52 51 7 . 52 51 3 s Gen Motors .... 34'* 34 34 34 Graham Mot 3 Hudson 13 • 3 Maeic Truck ... 37'2 36M Nash 24 s 24 2 Packard 4 8 4 3 Rf" v, 4 Studebaker •‘“s 4 ; Yellow Truck 4 3 s 4 3 a Motor Access— Bendix • • 46 4 *', s Bohn Alum ... 54>4 54>s 54 4 54 Borg Warner 13 4 J 3 4 Briggs • 13 , 4 Budd Wheel Vr. 3 , 4 Eaton Mfg 13 * 43 3 Elec Auto iLte 13 * Hand A 4 48 Mullins Mfg 33 Murrav Body ® 3 ' ssjrsr.:: ■; Mining— ... Alaska Jim - ** 3 • :c. Am Smelt 43 3 * 43 4 43 2 42 * Anaconda I 4 ' 8 44 Cerro Dc Pasco 34 34 Gt Nor Ore 10 - 8 Homestake Mm 303 8 Sf N?ckel r : 21-2 S 21-2 21*‘. kiaco l tt C cSp': 20 3 20'a 20 5 8 20*. Noranda Cop •• •• - c Phclp Dodge . 16 15 3 * 16 la-s Pitts Coal 14 Tobaccos— .. Am Snuff •• --i ? 3 . 4 ?i, Am Sum Tob ... 16*2 16 16 2 16 2 Am Tobacco A•• i 3 , 3 Am Tobacco B *5 - 4 4 Ligg & Myers B ... f 3 ., 8 8a s Lorrillard 1,4 jS, Reynolds Tob B 48 3 Equipments— . , Am S Car A U 'Fdy: 26*a 26*4 26*2 26 4 Am Mach i'Fdy 14 7 % li 3 * 'l4 7 * ivl Am Steel Fdy .. 21 20;, 21 20 8 , Bald Loco 12 s * 12-4 12 8 Da Burroughs 16 4 ° Cater Tract f 3 , 44 4 Colgat Palm Peet .. ... 10‘s 43 4 Congoleum .25 24 3 2a -4-a Poster Wheeler 43 3 Gen Am Tnk Car .. .• • 32*8 33 4 Gen Elec 20S 20's 20 3 s -o*. Gen R R Sig 34'. 34 Int Bus Bach 143 Int Harvester. 4 *“s Kelvmator 44 4 Natl Cash Reg D'a Proc A- Gamble. ... 43 4 Pullman Inc ... 51 3 . 51'a al 3 a 50 4 Simmons Bed 4 ‘ 4 4 i‘ B Und Elliot ■■ 35*2 3a 3 4 West Air B . 29 2SD 29 28 Westir.gh Elec 43 Worthington Pm *O2 Utilities — Am A- For Pwr 13 . Am Power A* Lit ‘ 8 AT&T 118 120 Am Wat Wks 20*. 20 20'. 19D Brook Un Gas -- ® 4 l B Col Gas & Elec 12 1 * la l . 12 s . 12 3 . Col G & E pfd 5-! 3 Com & Sou 1> If* Consol Gas . 39*4 39 39D 38; Elec Pwr A- Lit 5 8 . 5 3 * EP & L pfd. 9* 9 9fs 10 Int T & f ...15 14 7 . 14 7 s 4-, Lou O & E A I®’ 4 Nat Pwr A- Lit. .. 384 North Amer 15D la 3 . Pac G & E 18 18*4 Pub Serv N J 3376 7 36** 36 7 a 36 ! a 60 Cal Edison. 16' 2 16'2 6td Gas ... ... 8-s 8 3 Ctd Gas pfd . . f 3 United Corp 5D s' e sh 5D Un Gas Imp * 15 7 . 15 3 4 Ut Pwr & Lit A ... 3-. Western Union.. 60 59'a 60 59‘; Rubbers— Firestone 20 4 Goodrich I 4 Goodvear 36 3o 8 . Ui itubber 16 * !•-*

Wall Street

V S Rubber pfd. .. 07 Kel Spring . ... .! 2 L Amusmcnts 4 8 Crosley Radio q qi Loews Inc . .33 3 32' -)?3i qo, 4 ® C " P ™ 3 p ? r ° S * ’ * Am Sugar e,,/ Armour A’ 7 2 Beatrice Creamry . . ' 8 ~ Borden Prod 6iii il,, Cal Packing " si3* 91-, 8 Can Dry G Ale.. ?1 8 Corn Prod 7714 77" 771; 77,* Crm of Wheat 28 28 4 Gen Foods 8 * Gold Dust " i'44.; * G W Sugar '3i? J? Loose Wiles J Natl Biscuit . jo 1-' 403/ Natl D Prod .... 13*4 i3D 13% I,l' Puritv Bak 8 ,7, 4 - SM.,:: '• Wrigle.v cl. Retail Stores— Ass Dry Goods.. .. iq,Best &Cos 29 28>2 29 ' Girnbel pfd . 2 • • Gr Un Tea s's *•* Hahn Dept Sts.. .. cs 8 Krosge S S .... f” f'/ Kroger Groc 23% 24'4 Macy R H . ... 57*4 57 57>4 57 May Dept St .... , 29 aqi.n Mont Ward ~ 23's 23 23'a 23', Penny J c 54. 8 4 Safeway St .... 43* g 43 ' 43' 42 3 4 Woolworth 421 4 411 4 Aviation— 4 Aviation Corp .... 71, .Douglass Air ... i4*i 14if Curtiss Wright 2 s . 2 s * Curtiss Wright A 53/. Nor Am Av ... 5 5 United Aircraft 33 7 e 33*i 33 7 8 33'i Chemicals— Air Reduction 101 lOOD Allied Chem 146*4 Am Com Alco 53 5i3 4 Col Carbon . . 62 63 Com Solvents 33*4 32 1 ' 2 32' 2 31 7 4 Dupont 90 3 4 89'2 Freeport Tex 47 Liquid Carb .... 30' 4 29*/ 2 30'i 29 3 s Math Alkali . . 36 3 4 36 v 2 36 3 4 38 3 4 Tex Gulf Sulph 42'2 42*4 Union Carbide .. 46 5 . 46 * * 46'2 46 3 s U S Ind Alco 59 Vi Natl Dis (new). 27Vs 27 27 26*/2 Drugs— Cotv Inc .. ... ... 4 Lariibert 28*4 28*4 Lehn A- Fink 18 3 4 Zonite Prod ...... ... ... 6 3 4 Financial— Adams Exp ... g's Allegheny Corp.. .. ... ... 3 3 * Chesa Corp .... ... 36'.2 35*2 Transamenca 6*2 6\ Tr Conti Corp .... . . ... 4 5 s Building— Gen Asphalt ... 16 3 4 16 3 2 16* i 16 3 4 Int Cement ...... ... ... 30 •Johns Manville . 60 7 4 60'2 60 3 4 60 3 a Libbv Owens Gls ... 35*2 34U Otis Elev 15 15 Miscellaneous— Am Bank Note . ... ... I4 3 4 Am Can ... ... ... 97 7 g Anchor Cap ... ... . 26 Brklvn Man Tr 3i 5 30 7 s C'ontl Can . 76*2 76** 76'2 76‘s Eastman Kodak. SIU 81 3 4 Owens Bottle 82 Gillette . .. 9 7 a 10 Glidden 16* 2 16 s * 76 3 a 16'2 Gotham Silk 8 B' a Indus Rayon . ... ... 82 Inter Rapid Tr . IX* 11*. li* U' 2 Real Silk Hose..

Investment Trust Shares

By Abbott. Hoppin & Cos. —Dec. 13— Bid Ask American Bank Stocks Corp .74 84 American & General Sec A. 3.50 5 00 American Inv. Tr. Sh 1.50 250 Basic Industry Shares .... 3.40 350 British Type Inv Tr. Sh 45 .50 Collateral Trustee Shares A 4.62 472 Corporate Trust Shares old> . 2.25 230 Corporate Trust Shares inewi 236 239 Cumulative Trust Shares .... 405 Diversiged Trust Shares A.... 6.25 Diversified Trust Shares B 725 750 Diversified Trust Shares C 308 3il Diversffied Trust Shares D . 4.75 487 First Insurance Stock Corp .. 131 135 First Common Stock Corp . .83 98 Fixed Trust Oil Shares A. . 8.80 895 Fixed Trust Shares B . . 740 755 Investors Inc 17.75 is 00 Land Bank Bond Shares 92 102 Low Priced Shares ... 557 562 Mass Inv Trust Shares 18 00 18 25 Nation Wide Securities 3.15 322 North Amer Trust Shares (53) 1.89 North Amer Trust Shares (55) 2.38 2ii North. Amer Trust Shares 153) 250 270 Selected American Shares . . 255 Selected Cumulative Shares .. 6.75 690 Selected Income Shares 350 380 Std American Trust Shares A 2.93 2.98 Trust Shares of America 282 290 Trustee Std Oil A 5.50 562 Trustee Std Oil B , . 5.15 530 U S Electric Lt & Pwr A 10.37 10 62 Universal Trust Shares . . 300 308

U. S. Government Bonds

By United Press NEW YORK, Dec. 13.—Closing iibertv bonds. 1 Decimals represent thirtv-sec-cnds>. 3‘*s (32-471 100 4 First 4s . 32-471 101 5 Fourth 4 * 4 s (33-38' 101 17 Fourth 4 v 4S (33-381 called . .... 101.4 Treasury 4**s (47-52) 106.20 4**s-3'4S (43-451 .. 99 2 4s (44-54* 103 6 3 3 4 s (46-561 101 10 3 3 bS (43-47) 995 3‘sS 41-43/ March 99 12 3 3 s (40-43) June 99 16 3*s / 411 98 27 3‘aS (46-49) 96. 3s 151-55* 95. NEW YORK COFFEE FUTURES —Dec. 13— SANTOS High. Low Close January 8.47 ► March 8 65 8 62 8 62 Mav 8 75 Julv 8 85 8 82 8.82 September 9 16 9 14 9.15 December 8.45 RIO January 6 05 March 6.14 8.10 6.10 Mav 6 25 6.24 6 24 Julv 6.35 6.34 6 34 September 5.44 December 5.95 5.39 5.95

STOCK SHARES STRENGTHEN AS VOLUME_GAINS Lifting of Pressure Sends Issues Up Fractions to Over a Point.

Average Stock Prices

! Average of thirty industrials for Wednesday: High 10198, low 99.94, last 100.69 off 95. Average of twenty rails: 42 82, 41.72, 41.99, off 48 Average of twenty utilities: 24.93. 24 15, 24.45, up .08. Average of fortybonds: 83.11, off .01. Average of ten first ! rails, 89 75, up 09. Average of ten second rails: 67 55, dp .23. Average of ten utili- ! ties: 91 06. off .21. Average of ten industrials: 84.07. off .15. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Dec. 14.—Pressure lifted on the Stock Exchange at the opening today after firm resistance had been shown late yesterday. Initial prices were up fractions to more than a point and volume increased on the upturn. The dollar eased off in terms of foreign exchange units, but the Reconstruction Finance Corporation held its gold price at $34.01, where it has been for about two weeks. Industrials Strong Leading industrials made good gains at the outset. Motor shares rallied. Communications continued to lead' in activity, with Interna- i ticnal Telephone opening 5,000 shares at 15, up %, and anew high on the movement*- and Radio 1,000 shares at 7?i, up Vs. Western Union opened unchanged at 59 V 2 and later moved up to 60. American Telephone, selling ex-dividend, was up Vt at 118. United States Steel common stock opened 1,000 shares at 47V2, up %; Commercial Solvents 1,000 shares at 33, up Its; Auburn Auto, 551a, up 1; American Smelting, 43%, up V s ; Consolidated Gas, 39, up V 2; New York Central, 36%, up %; U. S. Smelting, 90%-, up Allied Chemical, 148, up 1%; Woolworth, 42%,! up 1, and Postal Telegraph pre-! ferred, 25%, up %. The latter later firmed up above 26. Prices Hold Firm During the early dealings volume decreased, but prices held firm. Steel common moved higher. U. S. Smelting and American Smelftng were in demand. Communications continued relatively active. Bonds were irregular, with United States governments higher. German loans, sharply lower yesterday, were mixed in a narrow range today. Cotton opened 1 to 5 points lower. Silver futures were unchanged to 15 points higher.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 13Clearings $1,906,000.00 Debits 4,517,000.00 TREASURY STATEMENT —Dec. 14— Net balance for Dec. 17 $1,012,412,630 40 Miscellaneous internal revenue receipts 3.633,314.10 Customs receipts (month to d atei 10.860.017.74 New York Curb By Abbott, Hoppin & Cos. —Dec. 13— ~,. . Close. Close. Allied Mills ... 8 ! 3ret A & P. ..136 Alum Cos of Am 18%Glen Alden Coal 12% Am Cyanide B’ 13%13u1f Oil of Pa.. 58 Am Gas & El. 21 %'Hiram Walker 43% Am Supcrpwr . 2%: Hud Bay Min.. 9 Asso Gas & El. %|Humble Oil 102 Atlas Corp 11 limp Oil Ltd 13% Axton Fish Tob 62 lint Petrol 20% Br Trac & Lt. 11% I Lake Shore Min 42% Bnt Am Tob A 28% Lone Star Gas.. 6% Can Ind Ale A 14% Mt Produc 4% Can Marc 2% Natl Bellas Hess 2% Carrier Corp .. 7%lNewmont Min.. 47% Cities Serv ... l%lNia Hud Pwr. . . 5% Commonw Ed . 39 Novadel Agene . 57% Con Gas of Bal 49% Penn Road 2% Cord Corp 6% St Regis Paper. 2 Creole Petrol . 10%’Sal Crk Prod... 6% Crown Ck Inti 6%!Sherwin Wms . 44% Deere & Cos.. 31% Std of Ind 32% Distillers Lim.. 21%IStd of Kv 15% Distillers Corp. 21 Technicolor Ind 9% Dow Chern ... 73% Teck Hughes Gd 5% El Bd & Sh... 14 |Un Gas 3% Fisk Rubber .. 7% Un Pwr &Lt A. 2% Ford of Can A 14% Wr Harg Min.. 6% Ford of Eu ... 5% |

Foreign Exchange

By Abbott, Hoppin & Cos. —Dec. 13. , Close. Sterling. England $ 5 04 3 a Franc, France 0601*2 Lira. Italy 0806 Belgias. Belgium 2135 Mark. Germany 3720 Guilder, Holland 6175 Peseta. Spain 1256 Krone. Norway 2535 Krone, Denmark 2250

Federal Farm Loan Bonds

(By Blythe & Cos., Inc.) —Dec. 13— 4s. Nov. 1. 1957-37 SO*^’ 4s. May 1, 1958-38 79*4. 80*2 4*4S. July 1. 1956-36 80 81*4, 4 r 4S, Jail. 1. 1957-37 80 81*4 4>4S. May 1. 1957-37 80 81*4 4*4s. Nov. 1, 1958-38 80 81*4 4*2S. May 1. 1942-32 86 3 4 88 4*is Jan. 1. 1943-33 86 3 4 88 4’js. Jan. 1, 1953-33 82 3 4 84 4>2S. July 1. 1953-33 82 3 4 84 4* 2 s. Jan. 1, 1955-35 82 3 4 84 4‘ 2 s. Julv 1. 1955-35 82 3 4 84 4 1 25. Jan. 1. 1956-33 82\ 84 4 3 4S. Julv 1, 1953-33 66*2 87 3 4 4 3 4 s. Jan. 1, 1954-34 86*2 87 3 4 4 3 4S. July 1. 1934-34 86*2 87 3 * ss. Mav 1. 1941-31 93 3 4 95 ss. Nov. 1. 1941-31 93 3 4 95 Home Loan 4s, July 1, 1951.. 84*4 85 7/ 2

Daily Price Index

By United Press NEW YORK. Dec. 13.—Dun & Bradstreet's daily weighted price index of thirty basic commodities, compiled for the United Press: (T 930-1932 Average. 100). Today 100.30 Yesterday 100 87 Week Ago 100.65 Month Ago 102.30 Year Ago 72.27 1933 High (Julv 18) 113.52 1933 Low (Jan. 20) 67.86 Copyright, 1933. By Dun & Bradstreet. Inc.

In the Cotton Market

—Dec. 13— CHICAGO High. Low. Clos”. January 10.07 10.00 10.05 March 10.23 10.15 10.23 Mav 10.37 10.26 10.37 July 10.50 10.41 10.50 December 10.10 NEW YORK January 10.01 9.90 10.00 March 10.17 10.07 10.17 Mav 10.31 10 22 10.30 Julv 10.45 10.35 10.45 October 10.64 10.54 10.63 December 9.93 9.90 9.93 NEW ORLEANS January 9.91 9.89 9.91 March 10.14 10.04 10.13 Mav 10.26 1019 10,26 Julv 10.42 10.32 10.42 October 10.56 10.50 10.56 December 9 83 Committee Will Meet Belt railroad elevation committee will meet in the Fountain Square theater assembly room. 1105 Shelby street, at 2:30 Saturday. Clinton Givan, group attorney, will make a report. The entire membership is urged to attend.

THE INDIANAPOLIS TIMES

i Chicago Stocks Bv Abbott. Hoddld * Cos. ——

Total Sales. 38.000 Shares —Dec. 13High Low. Close. Abbot Lab 40", : Am Pub Serv. pfd ... ... 4 • Asbestos Mfg 3% | Bastiar.-Blessing ... 7% i Bendix Aviation 16% 15% 16% Binks Mfg 14 I Brach <fc Sons ... 7% Brow n Fence <fc Wire B ... 3 Butler Bros 41, ; Cent Pub Serv Class A . % I Cent Pub Util 1, Cent & So West 3*4 314, 3% Cent & So W P L pfd. 5% 5 5% Chi & North Western . .. ;.. 8% Chicago Corp com 23, Chicago Corp pfd 22% 22 22*2 Chicago Flexible Shaft. ... g\ ' Cities Service 2 1% I’, Club Aluminum . a. Commonwealth Edison . 39% 38% 38% Cord Corp % 7 6% 6% Crane Cos 8 7% 7% [Crane Cos pfd 45% 43 43 j Electric Household 9% ’ Great Lakes Aircraft . 1% i% 1% Great Lakes Dredge . . 19% 19% Grigsby Grunow % 3, a, Hart-Carter pfd . 5 Hibbard. Speic B & Cos .. 23 Houdallie-Henhey A 11 Houdaille-Hershey B . 4% 4 4% Illinois Brick . 5 Jefferson Elec 11% 11 11 Keystone Steel ... 10% Libby McNeil . 3 Lindsay Nunn Pub'.... 1% i 1 Lynch Corp 33% 33 33 , Marshall Field 14% 14% 14% : McWilliams Dredg Cos. .. ... 13% i Meadows Mfg Cos com % 1 Middle West Utilities ... % % % | M W Ut 6% pfd A % ! Midland United ... % Midland Util 7% A pfd 1 ! Miller & Hart%Dfd ... 7 Monroe Chemical ... 2% j Muskegon Motor Spec A 10 National Electric Pow A % National-Standard ... 20% [ Noblitt-Sparks ndust Inc 2414 24 24% North American Car 3% [Northwest Bancorp.... 4% 4 4 Peabodv Coal B % Potter Cos ... 4% Process Corp ... 2% Public Service N P ... 15% Public Service 609 pfd 41 Public Service 7% pfd .... ... 43 Quaker Oats ... 123 Quaker Oats pfd 112 Signode Steel Strpg pfd 8 Stand Dredg Cos pfd 2% Storkline Furniture 42 Sutherland Paper Cos 5% Swift & Cos 15 14% 14% Utah Radio 2 Vortex Cup Cos 8% Vortex Cup Cos “A”.... 26% 26 26% Walgreen Cos com 18% 18 18 Montgomery Ward ‘'A”. .. ... 87 Zenith Radio 3% 33%

Bright Spots

By United Press At the regular monthly meeting of the board of directors of the Fletcher Trust Company yesterday a semi-annual dividend of 2 '2 per cent was declared, payable to shareholders as of Dec. 31. Pan-America-Blair Corporation declares special dividend of $2 a share. Zenith Radio Corporation earns net profit for the quarter ended Oct. 31 of $123,405, against net loss of $126,131 in similar 1932 period. United Shoe Machinery Corporation declares special dividend of $2.50 a share on common stock. American Power and Light Company reports output for week ended Dec. 7 of 75,710,000 kilowatt hours up 9.8 per cent from like 1932 week. New York. Honduras and Rosario Mining Company declares special dividend of 50 cents a share.

On Commission Row

—Dec. 14— Fruits Cranberries —Cape Cod early blacks, 25lb. box. $2.50. Grapes California emperors, crate, $2.15(42.25. Pears—Washington D'Ajou (90-1655), $2.50; Washington Bose tloo-135s>. $2.75; Avacos, Fla. (10-160, crate. $1.75©2. Strawberries—California, $2 a crate. Bananas —Per pound. 5 3 4 c. Apples—Wealthy, Waif River, Grimes Golden, Jonathan. Florida. $1.15(71.85, a bushel; fancy Jonathans, $2 a box. Grapefruit—s3@4. Oranges—California Valencias, $3.50, a box. Lemons—(36oc), $5. Vegetables ' Cabbage—Eastern Danish. 50-lb. bag, $1.75; new, 70-lb. crate. $5. Onions—Western white. 50-lb. bag, $1.25; Indiana white, 50-lb. bag, $1.25; Indiana yellow, 50-lb. bag $1.25; green, $6.50 a barrel. Beans —Round stringless, hamper, $1.75. Beets—Bulk per bushel, $1.15; California, $3 a crate. Peas —30-lb. hampers, $3.30. Carrots—Ohio, 40c per dozen. Cauliflower—California (11-12s), crate $1.65. Celery—Michigan Mammoth, bunch. 65c; medium bunch, 45c: hearts, $1.15; 15-bunch flat crate, $1.15; California. $2.75 crate. Cucumbers—Florida, $4 bushel; hothouse. 90c per dozen. Lettuce—lceberg best (4-ss) crate. $4.50; hothouse. 15-lb. basket. 90c. Radishes—Hothouse button, 40c dozen. Spinach—Broadleaf, per bushel, 90c. | Turnips—Per bushel, 75c. I Tomatoes—Hothouse. sl.lO, 8-lb. basket. Potatoes —Northern Round white, 100lb. bag. $1.65® 1.75; R. R. Ohios. 100-lb. bag. $1.65® 1.75; 15-lb. bag. 33c; Idaho Russets. 100 lbs. bag. $2.10. Sweet Potatoes —Nacy Halls, per bushel, ($1.50.

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 2a cents per ton is allowed. DOMESTIC RETAIL PRICES Anthracite $14.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5.50 Indiana, egg 5 00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 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.

Produce Markets

Delivered in Indianapolis prices—Hens, 9c; Leghorn hens, 6c; neavy breed springers, 8c; Leghorn springers, sc; cocks. 5 lbs. and up, 6c; under 5 lbs.. 4c; ducks. 4' 2 lbs. and over, full feathered and fat, 6c: under 4'i lbs.. 4c; geese, full feathered and fat, 6c. 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. 6c: No. 2 trin crooked breasted, 4c: No. 1 strictly fresh country run eggs 18c; 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. 25g26c; No. 2, 22@23c. Butter—No. 1. 20a26c; No. 2. 22-£23c. Butterfat—l6c. Quoted bi r the Wadley Company. BY UNITED PRESS CHICAGO. Dec. 14.—Eggs—Market weak: receipts, 3,090 cases: extra firsts. 19‘ic: fresh graded firsts. 17c: dirties 10-12c-checks, 10fil2c; current receipts. 15c’ Butter—Market, weak: receipts. 12.274 tubs; extras (92 scorei. 16c; storage extras (90 score', lo'ac; storage standards (90 scorei, 14 3 4c; extra firsts (90-91 1 ;, score'. 15c: firsts. 14'al4'-c 88 score': seconds I .6-87'2 scorei. 13 ! 2C: standards (90 score 15c: specials 16 ! r 17c. PoultryMarket. unsettled; Receipts. 51 trucks! 2 cars due; rock springs. 10ri Leghorns. 7c: hens (heavy, 10c: colored springs. Plymouth Rocks. 10>2 'sllc: White Rocks (heavy chickens'. 11c; geese. 9c: ducks (heavy white', 19c; turkeys iyoung hens and tomsi. Is(fil6c: roosters. 6 : 2 c. Cheese—Twins, ll l i'a il 3 c; Longhorns. 12612Uc: S. Daisies. 12<n 12'*c. Potatoes —Supply moderate: demand and trading very slow; market dull: Wisconsin round whites. 51.2515 1 30: few fine qualities. $1.35: Idaho Russets. 51,60?i1.65; Minnesota round whites. $1.25: shipments, 434; arrivals. 81; on track, 235. CHICAGO FRUIT MARKET By United Press CHICAGO. Dec. 14.—Apples Michigan Jonathans. $1.40411.50: Mclntosh. 51.25 H 1,75: Spies. Sl.2s*t. 1.60 Carrots—lllinois. 5060 c bushel. Spinach—lllinois. 501i85c bushel. Beans—Southern green. 51.25 a 2 bushel; wax. s2*s 2.75. Mushrooms—lllinois. 20 l? 30c lb. cartons. Cucumbers—Southern. $1.75 y 2.50; central western hothouse. $241 3. Tomatoes—California. SI 75'y 2.25: Illinois and Ohio hothouse. $1.10'6 I.i; Leal Lettuce—lllinois hothouse 15y17 ! 2C box Celery—Michigan. 25® 75c square crate. Cabbage—Wisconsin. $2 50 5 2.60 100 lb sack. Sweet Potatoes—lllinois. $1.1511130; Indiana. $1.40:51.60. Onion Market Western Valencias, s .MCI 1.10; central western yellows. SI a 1.10. western, central western whites, 51.354i1.60.

PORKER PRICES MOVE 5 TO 10 CENTSHIGHER Cattle Scarce and Steady; Vealers Strong at $6 Down. Initial strength of the week was displayed in hog trading at the Union Stockyards this morning, with most all classes moving 5 to 10 cents higher than yesterday's average. Early trade was slow in developing and receipts continued above normal. The bulk, 160 to 275 pounds, sold for $3.20 to $3.30, while 275 pounds and upward were salable at $3 to $3.15. Top was $3.35. Lighter kinds weighing 130 to 160 pounds were available at $3 to $3.20, and 100 to 130 pounds brought $2 to $2.75. Receipts were estimated at 12,000. Holdovers, 298. Early sales were scarce in the cattle market and practically ail grades were dull and unchanged, with the previous session. Quality was plain. Receipts numbered 500. Vealers were strong to higher, selling at mostly $5,50 down. Top held at $6. Receipts were 500. Lamb prices resumed a steady range. Ewe and wether grades sold at $6.75 to $7.25. Bucks discounted at sl, while throwouts ranged down to $4. Receipts were 1,500. Few scattered bids on hogs at Chicago held strong with yesterday's average at $3.40 down on better kinds weighing from 200 to 240 pounds. Other classes were slow and scarce. Receipts were estimated at 33,000, including 7,000 directs; holdovers, 2,000. Cattle receipts, 6,000; calves, 2,500; market unchanged. Sheep receipts numbered 12,000; market firm. HOGS Dec. Bulk. Top. Receipts 8. $3.30® 3.40 $3.40 11.000 9. 3.25(0! 3.40 3.40 5.000 11. 3.15® 3.25 3.25 14 000 12. 3.15® 3.20 3.20 12.000 13. 3.15® 3.20 3.25 12,000 14. 3.20® 3.30 3.35 12,000 Market Higher (140-160) Good and choice....* 3.10® 3.20 —Light Weights—-(l6o-180 Good and choice.... 3.30 (180-200) Good and choice.... 3.30 —Medium Weights—-(2oo-220) Good and choice.... 3.30 (220-250) Good and choice.... 3.25® 3.30 —Heavy Weights—-(2so-290) Good and choice.... 3.15® 3,20 (290-350) Good and choice.... 3 05® 3.15 —Packing -Sows—(3so down) Good 2.40® 2 65 (350 up) Good 2.25® 2.50 (All weights) Medium 2.00® 2.40 —Slaughter Pigs—-(llo-130) Good and choice.... 2.00® 2.75 CATTLE Receipts, 500; 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 .v 4.50® 6.15 Common and medium 3.25® 4.50 (675-7501 Good and choice 5.00® 6.25 Common and medium 3.00® 5.00 (750-900) Good and choice 4.25® 6.00 Common and medium 2.50® 4.25 —Cows— Good 2.60® 3.00 Common and medium 1.85® 2.60 Low cutter and medium .... I.oo® 1.85 —Bulls (yearlings excluded) Good (beef steers) 2.00® 2.75 Cutter, common and medium I.oo® 2.00 VEALERS Receipts. 500; market, steady. Good and choice N $ 5.00® 6.00 Medium 3.00® 5.00 Cull and common 50® 3.00 —Calves— ! (250-500) Good and choice ..4 3.50® 4.50 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle—-(soo-800) Good and choice 3.50® 4.50 Common and medium 2.00®, 3.50 (800-1.500) Good and choice 3.50® 4.50 Common and medium 2.00® 3.50 j SHEEP AND LAMBS Receipts 1,500; market, steady. (90 lbs. down) Good & choice.s 6.50® 7.25 (90 lbs. down) Com. and med.. 4.00® 6.25 (90-110 lbs. 1 ) 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. 14. Hogs—Receipts, I 33,000, including 7,000 directs; few early j sales strong: bids 5 to 10 cents lower; ! top. $3.45; bidding. $3.35 down: pigs, $2.22 @2.75; packing sows, $2.30®2.60: light I lights. 140-160 lbs., good and choice. $2.85 ((3.30; light weight. 160-200 lbs., good and choice. $3.10(7 3.40; medium weights. 200250 lbs., good and choice, $3.25® 3.45; heavy weights. 250-350 lbs., good and choice. $3®3.40: packing sows. 275-550 lbs., medium and choice. $2.15(7 2.75; slaughter pigs, 100-130 lbs., good and choice $2 25(7 j 2.85. Cattle—Receipts, 6,000; calves. 2.500; j steers and yearlings uneven; few loads strictly good to choice light and long yearlings, as well as big weight steers, fully steady but all others, including inbetween grades light heifers, slow, weak; $6.75 paid for strictly choice 1,027 lb. yearling steers; few loads. $6(7 6.50. but shipper demand narrow on rank and file of steers, selling at $5.50 down: several loads, 1.400-1 600 lbs., $3.75®4.25; cows strong, bulls and vealers steadv; slaughter cattle and vealers; steers, SSO-900 lbs., good and choice. ss@7; 900-1,100 lbs., good and choice. $5(7 6.75; 1.100 lbs., good and choice, $4.25® 6.35; 1.300-1,500 lbs., good and choice. $3 50® 5.75; 550-1,300 lbs. good and medium, $2.75® 5; heifers. 550-750 lbs., good and choice, ss@7; common and medium, $2.75(75; cows, good. $2.75® 3.75; common and medium, $2®2.75; low cutter and cutter, $1.35@2; bulls, yearlings excluded, good beef. [email protected]; cutters, common and medium, $2(73; vealers, good and choice, $4(7 5.75: medium $3(74; culls and common. $2.50@3: Stocker and feeder cattle: steers. 550-1.050 lbs., good and choice. [email protected]: common ana medium, $2.75(74. Sheep—Receipts. 12,000; feeding lambs rather active, strong, mostly 25 cents higher: average. $7®7.25. best toward $7.50; aged sheep under pressure because increased numbers; feeding lambs firm: slaughter sheep and lambs: lambs. 90 lbs. down, good and choice, $6.75® 7.40; common and medium. Ss®7; ewes. 90-150 lbs., good and choite, $2.25®3.50: all weights, common and medium. $1.50®2.75; feeding lambs, 50-75 lbs., good and choice, $5.50® 6.10. By Times Special LOUISVILLE. Dec. 14.—Hogs—Receipts, 800; weights from 175 lbs. down, steady, all others 15c higher; 180-250 lbs.. 53.45; j 255 lbs. up, $3.15: 140-175 lbs., $2.90: 110- i 135 lbs.. $2.10; 105 lbs. down, 51.45: sows, : $2.15; stags. 90c. Cattle—Receipts, 125: : supply very light: market slow' and around 1 steady with yesterday: bulk common to ] medium steers and heifers. 53®4.25: better finished fed offerings quotable. $4.50® 5.75; bulk beef cows. $1.75®2.25; low cutters and cutters, mostly $1®1.50; sausage bulls mostly $2.75 down: common to medium stoekers and feeders salable. $2 50® 3.50; calves, receipts 150; .market steady: bulk better grades. $4®4.50; medium arid lower grades $3 down. Sheep—Receipts. 50; market, steady; bulk medium to good lambs. [email protected]: choice kinds eligible $6.50; most bucks. $4.50®5; throwouts, $3.50; desirable fat ewes mainly $2.

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Today and Tomorrow

Social Order, in Good ‘Health.’ Can Be Reformed at Any Point. Any Time. BY WALTER LIPPMANN

SO much of our current discussion has to do with statistics and graphs and broad general tendencies and movements and forces and what not that it gets to be tiresome and unreal. We are not really at home among these abstractions and impersonal things, and every now and then we cry out with Leonato in -Much Ado About Nothing" that you can not Fetter strong madness in a silken thread. Charm ache with air. and agony with words. We must have something substantial to chew, something personal and definite to deal with. Like Leonato. we then exclaim: "Which is the

villain? Let me see his eyes!” And if there is not a real villain around we invent one. We have now reached the point where Professor Tugwell is being fitted out with horns to frighten ladies and gentlemen of property, and Lewis Douglas is oeing set up as the personal devil who is opposing the children of light. Professor Tugwell, it appears, is leading a sort of personal conspiracy to subvert the American scheme of things, and Mr. Douglas is the hard-hearted wretch who stands guard at the treasury and is blocking the millennium which, but for him, would be just around the corner. a a a IF these things were true it would certainly save a lot of time and trouble. You get rid of Mr. Tugwell. and then we all move'along happily and prosperously in the good old way. Or you get rid of Mr. Douglas

and, before you know it, the new deal has been dealt and you have made a grand slam. I do not think these things are true. Mr. Tugwell might be as much of a Socialist as they say he is and Mr. Douglas all the Tory that they say he is, and still the personal diagnosis would not be convincing. It would not be convincing even if the President showed any symptoms of

intrusting his conscience to the legendary Tugwell or to the legendary Douglas. For revolutions are not made by opinions nor prevented by them. I do not think it is possible to find an instance where a social order has been altered radically because someone thought some other kind of order would be better. There has to be complete breakdown of the old order, a total paralysis and an extinction of all hope that it can revive, before a genuine social revolution occurs. When these conditions do not exist, you may get a change of governmentin moments of excitement even a violent change—you may get an eighteenth amendment or a grandiose law, but when the smoke clears away, you are pretty sure to find the essential instructions and habits of the nation the same. That, for example, is why Marxism has worked out exactly contrary to the Marxist theory. Ascording to that theory, the first Communist state should have been the most advanced capitalist state. a a a INSTEAD, Communism is triumphant in the least capitalistic nation among all the great powers. Why? Because in Russia and nowhere else there was, as a result of the war. a complete breakdown of the social mechanism and a collapse of all authority and enterprise. Had there been no Communist dictatorship, there inevitably would have had to have been a military dictatorship, and that dictatorship would have had the task of creating an economic system on the ruins of the old system. That the dictators happened to be Communists rather than czarist generals and grand dukes was, it seems to me, due to the fact that the generals and the dukes were defeated and demoralized and discredited men, whereas the Communists were fresh and were organized and ready to take power. I believe this because the Communists got nowhere at all in any country where the old order nad any life left in it or any leaders capable of defending and operating it.

The moral, it seems to me, is that a social system is not overthrown by conspiracies, nor by propaganda, but only by its own weakness. The only way to defend a social system is to make it work. The only time to have fears for it is when it does not work. As long as it works, providing the bulk of the people with the satisfactions they normally expect from it, it is not susceptible to revolution. The body politic, if it is reasonably healthy, throws off infection; it is only when it is sick that it loses its immunity. A social order which is a going concern can be reformed at this point or that, but to any realistic revolutionist it is p. poor prospect. 800 ALL of this will, of course, not be intelligible to those who are in the habit of describing everything they do not agree with as revolutionary. There are men, for example, who think that collective bargaining is revolutionary, or revaluing the currency, or a steep income tax, though measures of this sort are accepted as a matter of course by a conservative country like England. These measures may be good or bad, wise or foolish, but they have nothing to do with revolution or the perpetuation of American , institutions. If we are looking for really radical tendencies in Washington we must not look to Mr. Tugwell’s opinions, whatever they may be, but to those conditions where the old order of things shows serious evidences of paralysis. There are not many, I Safe Deposit Boxes $3 e year and up Bankers Trust Cos.

l/ ' * <** ' •' -a

Lippmann

think, but there are some which are worth watching, particularly. I should suppose, the failure of the private capital market to perform its functions. In so far as it fails to perform its functions, you are bound to get an increasing tendency to supplant it by public authority. Carried to its logical conclusions that would involve a very great change in the character of capitalistic society. This tendency is, therefore, in the real sense of the term, radical. But how far it will go is still perhaps an open question, depending upon.whether the paralysis in the private capital market is temporary or more fundametnal. Tendencies are vague things and one can not be sure what they mean and rarely do they proceed to their logical conclusions. If it is revolution and radicalism we'are interested in, the things to watch are evidences of paralysis in the old order rather than the ideology of Professor Tugwell. (Copyright, 1933) Births Girls Wheeler and Mary Highbaugh. 3502 East Morris. Horton and Ethel Mattingly, 4133 East Sixteenth. Carl and Margery Greenwood. Coleman hospital. Ben and Rose Lieberman. Coleman hospital. Wendell end Dorothy McClure. Coleman hospital. Boys Esley and Mildred Whiteside. 326 Minerva. Alvin and Rissa Burton. Coleman hospital. Orris and Rosalind Johnson. Coleman hospital. Emery and Wilma Jones, Coleman hospital. Francis and Thelma Martin. Coleman hospital. Deaths Margaret Murnhv. 91. 1112 East Market, chronic myocarditis. John E Jenkins. 48. city hospital, carcinoma John H. Warnke. 74, 909 Temple, chronic myocarditis. Charles Huber, 43, city hospital, accidental. Sarah Josephine Marlin, 80. 330 North Colorado, cirrhosis of liver James McQuade. 59. 172S Ashland chronic myocarditis. Samuel Crews, 83. 2347 North Delaware acute uremia Joseph F. Baker. 74. 329 North Holmes, coronary embolism Gertrude Haas. 38. city hospital, acute myocarditis. James Mellon. 60 city hospital, carcinoma. Erls Maxine Bell. 4 mos.. 1117 North Sheffield, bronrho pneumonia. Jack Winfield Krichbnum. 8. 2729 Manker. tuberculosis meningitis. Sam ShamDaign. 43, 2339 Central, streptococcic septicemia Emma Smiley. 74 5872 Forest lane, cerebral hemorrhage. Rosetta Walton. 62. Ccleman hospital, pulmonary embolism. Thelma Jean Williams. 8. city hospital Luawig’s angina. NEW YORK RAW SUGAR FUTURES —Dec 13— High. Low. Close. January 1.16 1.15 1.15 March 1 21 1.20 1 20 May 1.27 1.26 1.26 July 1.32 1.31 1 31 September 1.38 1.37 1.38 December ... 1.16 INDIANAPOLIS WAGON WHEAT City grain elevators are paving 75 cents for No. 2 soft red wheat. Other grades on their merits.

FORGED TO FRIwwY AND K .N SATURDAY jfT "n* 3 stupendous demand for these j? marvelous values and the inability of "j t our large staff of operator* to serve > ■■ — 1 / everyone forces us to continue this sensational sale Thousands have OUR WARNING: profited by this sale and this is your Beware of the person who opportunity to effect a real saving, says “It can t be done so EVERY ONE OF OT R OPERATOR.', Cheap. They sa y this to GRADUATES AND HAVE HAD exruse their inefficiency YEARS OF EXPERIENCE, and inability to meet """•".i”- Special rA pe l™ E ßv t plan e Permanent DUC nent now. don't fail to go A £3.03 VAI UE If you cant get your permato any McMickle shop. Pay A s.l value elsewhere 50c for our regular $1 Wave and our regular *1 and get a receipt good until wave for years. March 1, 1934, Fri. and Sat. S2OO REWARD to any one * et td**** .<£■ S proving we do not g. * \w c use the finest U P- **VUr * \< Last 2 clays. ■P-' NW e< A . I 60C , 9> - ■ A half a million women cant ■ ■g 4 C t I be wrong. We have always led J Now Don’t I and others followed. Delay '■ This Is not a racket. Do not be COMBINATION SPECIALS fooled by free offers. Be really give you these bargains as ad- Marcel. Shampoo and Rinse Mft ALL 3 FOR Regular $1.09 Value 1c WAVE SALE Shampoo. Finder Wave and^^k Rinse. Eyebrow Arch. 2M Waves ALL 4 FOR UU b 2 $5 f Wave* * 3 01 A Regular *I.OO Value o *lO tt- 85 01 Shampoo. Marcel, Rinse and M 2 MO Waves Manicure. HAr f r *lO.Ol ALL 4 FOR w"* 1 * Ask About Extra Service A K egular *1.25 Value *lO Wave EVERY DAY SPECIALS 10 REASONS FOR PATRONIZING mcmickle's 9 Shops to Serve You • Lowest Prices—Highest Quality, ff W 11. fIJR _L / 9 m • Convenient Locations. ///Wf IbIIPk(PA • Beautiful, Sanitary Shops. , */ l • The Finest Equipment. _ „ . 41 E. Wash.. No. 210. 632 Mass. • Courteous Service. _ . . 3015 Central 1103 'helby • Experienced Operators. ~ ... , • The Aery Best Supplies. College 5521 E Dash. • Safest Methods Known. *ZI7 College 2209 F. Tenth • Fair Dealing AA'ith the Public. 952 x, Penn. St.

.TrtC 11. 1933

FUTURES SHOW STRONG TONE ON BULLISH NEWS Higher Sterling and Weak American Dollar Are Factors. By HARMAN IV. NICHOLS United Press Staff Correspondent CHICAGO. Dec. 14—News was bullish and grain prices opened higher on the Board of Trade today. Wheat futures rose % to % cent, corn was up % cent and oats were unchanged to % cent higher An unchanged price for domestic gold was tempered by higher sterling, better stocks and a slipping dollar. Brokers felt a natural reaction in prices was due with any construction news. Wheat prices are nearly 12 cents from the high of a month ago and traders emphasized a need for a stimulating force. Increased offerings of com from the country indicated Wallace’s crib corn loan offer was not as universal as was first indicated. Chicago Primary Receipts —Dec. 13Bushels Last Tedav. week. Wheat 446 000 322.(V0 Corn £52.000 491 nr.o Oats 140.090 95.CP'* Chicago Futures Range —Dec 14— WHEAT— Prev. High. Low. 10 00 close. May 86% 85% .86 85% July 84% .83% 54% 83% CORN— May .52% .52% .52% 52% July 54 .53% .53% 53% OATS— Mav .37% .37% .37% 37% July 36 35% .35% 35% RYE— Mav 58% .57% .57% .57% July .53% .59 .59% .58% BARLEY— May .48% .48% July ... 48 % CHICAGO CASH GRAIN By United Press CHICAGO, Dec. 13—Cash grain: Wheat —No sales. Corn—lO'.di No. 2 mixed.; 49%c No. 2 yellow. 50%c: No 3 yellow. 49%® 50c. No. 4 vellow. 49%c; No 6 yellow. 48%c; No. 3 white. 49%c; No 4 white, 48%c; sample grade white. 45®46c; (New-i No. 2 mixed. 49%c: No. 4 mixed. 48c: No. 2 yellow. 50C: No. 3 yellow. 48% 49%c; No. 4 yellow. 47%®48c: No 5 yellow. 47(/i47%c: No. 2 white. 50%c; No. 3 white. 48c. Oats—No. 2 white. 36%®37%c: No. 3 white, 35%®37%c: No. 4 white. 34® 35%c. Rye—No sales Bariev -Quotable, 434/ 70c. Timothy—ss.so4/6. Clover seed—sll® 13.85. Cash provisions—Lard. $4.75; loose. $4.40; leaf. $4.50: D S. bellie . 55.50. NEW YORK CASH GRAIN Bn United Press NEW' YORK Dec. 13.—Cash grain Wheat —No. 2 red. $1.01%: No. 2 hard winter, $1.01%. Corn—No. 2 mixed, 60%c. Oats— No. 3 white. 48c TOLEDO CASH GRAIN By United Press TOLEDO. Dec. 13.—Grain c'o.'e: (Close in elevators, transit billing, i. Wheat No. 1 red. 88®89c. Corn—No. 2 yellow. 53%% 54 %c. Oats—No. 2 white 39%®40%.c. Rye—No. 2. 674/68c. (Track prices. 28%>c rate). Wheat- No. 1 red. 84'./84%c, No. 2 red. 83 '/ 84c. Corn—No. 2 yellow. 48% (/ 50%c: No. 3 yellow. -17 i 'B%c; No. 4 vellow. 45%®46%c; No. 5 yellow. 44%'//45%c. 0;i; —No. 2 white. 36%''/37%c. No. 3 white ..6 937 c. Clover—December. $8; March. $8.25. Alsike—Cash. $8.50: December. $8 70. St LOUIS CASH GRAIN Bn United Press ST. LOUIS, Dec 13.—Cash grain Wheat —ln fair demand. 1 to I%c lower o:i red and %c lower on hard No. 2 red. 87%c nominal; No. 5 red. 80r: sample red 85%c: No. 1 hard. 36%c. Corn - -In fair demand. 1 rent lower; ITo. 2 vellow new 4s%c. No. 2 yellow old 49%m; N0... 3 vellow new. 45c; No. 4 vellow old 48r Oats In fair demand. 1 rent lower: No. 2 white. 37c; No. 1 mixed. 36%c; No. 2 mined. 35%c

Indianapolis Cash Grain

—Dec 13 The bids for car lots of grain a( the call of the Indian ipo’.is Board ,-f Trade, f. o. b., shipping point, basis 41*2 New York rate, v.erc Wheat--Weak. No. 1 red. 79',/80c; No 2 red. 78® 79c: No. 2 hard. 78'/78c Corn—Weak; Mo 3 white. 4;.® 41c: No. 4 white. 39® 40c; No. 3 yellow. 33® 40c; No. 4 yellow, 38® 33c. No. 2 mixed. 38'//39c; No. 4 mixed, 37®38r. Oats—Weak. No 2 white. 32* 2®.33*'2C: No 3 white. 31' 2 ®32*2C. Hay—Steady: 'f. o b. country points taking 23*.c or less rates to Cincinnati or Louisville 1 —No 1 timothy. 57.50®8 No. 2 timothy. 57®7.50. What—No. 2 red. 2 cars: No 2 hard, 1 car; No. 2 mixed. 1 car; total, 4 cars Corn—No. 2 W'hite. 1 car; No. 4 whi'e. 2 cars; sample white. 1 car; No. 2 yellow, 10 cars; No. 3 yellow. 22 car.- ; No 4 yellow. 9 cars: No 3 yellow. 7 cars: No 6 yellow, 1 car; sample yellow, 1 car; No. 5 mi ;ed. 1 car. total. 55 cars. Oats—No 2 white. 1 car; No. 3 white. 1 car; total. 2 cars.