Indianapolis Times, Volume 45, Number 191, Indianapolis, Marion County, 20 December 1933 — Page 20

PAGE 20

President Roosevelt Expected to Renew Efforts for Revival of Commodity Prices. BY RALPH HEXDERSHOT Time* Special Financial Writer The unsettlement in securities and commodities toward the end of last week is likely to spur President Roosevelt on to renewed efforts to give trade another lift, in the opinion of many Wall Street people. The gold price, the manipulation of which has been one of the chief levers of the administration, had been left unchanged for two weeks, but a resumption of the advance at this time would occasion no great surprise. The time still remaining before the reopening of congress is short, and the belief exists in many quarters that it would be wise for the President to keep the ball of business rolling up out of the depression in

the meantime. Otherwise, it is argued, the leaders of the inflation movement may attempt to make things uncomfortable for him. Another factor of importance in that connection is the Christmas trade. The action of the stock market is known to have a tremendous influence on spending. Large retail stores note a direct connection between the market's action and sales, and if buying slows down at this time their Christmas business is likely to suffer. And business needs all the assistance it can get. a a a Administration Interest in Commodities It is said, of course, that President Roosevelt is little interested in the action of the stock market. His attention is centered chiefly on commodity prices. But, generally speaking, commodity prices are influenced by the same factors which affect stocks. And the action of commodities themselves constitutes an

Ralph Hendershot

important influence on stocks, and vice versa. Reports from Washington state that the President has not given up his gold-buying program, and it is fair to assume that Professor Warren, his adviser in that respect, is still strong for it. Mr. Warren has worked for years in an effort to perfect his theory, and he would not be likely to jump aside when he is being given such an excellent opportunity to test it out in actual practice. The professor, it has been announced, actually sets the gold price each day. a a a Has Been Watching Results It is reasonably certain that the administration has been merely letting the gold price rest for a time to give it an opportunity to study the results. That the markets held so well during the period was regarded in many quarters as being significant. Increased dividends helped to sustain interest and to provide market ammunition, of course, and so did the excellent reports which were coming in from the trade centers. When the market seemed to have become water logged of late, however, it was only natural that the speculative forces should attempt to force a reaction. Reports that Washington has been flirting with London, looking toward stabilization, have been officially denied. In fact, there has been nothing really tangible upon which to build the impression which seems to be about that the President is interested in stabilizing the currency on any fixed basis. Most people hope that he will soon fix a level upon which to stabilize, for they believe it would have a helpful influence on trade, and there are many worthy arguments in favor of that stand.

New York Stocks —— ————— ,b, Abbott, Hoppin & Cos.)

Oils— Prev. . High. Low. 10:30 close. [ Amerada ... 42% 42% Atl Rfg 29 28% 29 28% Barnsdall 8% Consol Oil 10% 10% 10% 10% Cont of Del ... 17% 17% 17% 17 j Houston (new). .. ... 3% 3% j Indian Rfg ... . 3 Mid Cont Pet 11% 11% Ohio Oil 13'/a 13% Pet Corp 9% 9% 9% 9% Phillips Pet 15% 15% Pure Oil ....... .. ... 10% 11 Royal Dutch Sbd Oil 31% 31% Simms Pet ... 9% Skelley Oil ... • ■. 8% Soc Vac 15% 15% 15% 15% S O of Cal 39% 39% 39% 39% S O of N J 44 44 Sun Oil ■ . 51% 51% Texas Corp . . 24% 24% Tidewater Assn. 9% 9% 9% 9 Un Oil of Cal. 19% 19 19 19 Steels— Am Roll Mills.. 18% 18% 18% 18% Beth Steel . 36% 35% 35% 34% j Byers AM 257s Col Fuel & Iron 4 I Cruc Steel ... 21 Inland Steel 38% Ludlum Steel ... 15% 14% McKeesport Tin .. ... ... 85 ! Natl Steel 47% 47 Rep Iron & St 16% 16% 16% 16% j Rep Iron & Stl p .. ... ... 37 U S Smelt 91 90% I Vanadium 21% 21% 21% 22* s Shell Un 7% Mid Steel 13 U S Pipe & Fdy ... 18% | U S Steel . . . . 46% 46% 46% 46% j U S Steel pfd 86% 86% Yoi'.ngstn S & T .. ... ... 22% I Rails— Atchison 54% 54 54% 54 Atl Cst Line ... 39% 38% B& O 23% 23% 23% 23% Can Pac Ch & Ohio 39 39 j Chi & Gt W 3% C M & St P 4% 4% C M & St P pfd 7% 7% Chi N W 7% 7V B Chi R Isl 3 Chi R I 7G pfd 4% Del & Hud 54 , Erie „ 15 | Grt Northern .. 19% 19% 19% 19% j 111 Central 30% 29% 30% 29% j K C Sou 11 Lou & Nash 50 48% j M K & T 8% 7% Mo Pac ... 3Ve 3% j Mo Pac pfd 4% 4% N Y Cent 34% 33% 34% 33% N Y Chi & St L 15 N Y C & St L pf 17% N Y New Haven 16% 16 16% I£% N Y Ont & Wes 160% Nor Pac ... 22% 22% Penn R R . 29% 29% 29% 29% Sou Pac 19% 19% 19% 19% I Sou R R 24% 24% 24% 23% | Sou R R pfd ... ... 27% i Union Pac ... 111% 110% i Wabash ... ... 2% \ West Mary 9 i Motors— Auburn 54% 54 54% 53% Chrysler 51% 50% 51 50% Gen Motors . . . 33% 33 33 33 Graham Mot ,■■■ 2% Hudson 13% 13% 13% 13% Maoic Truck Z ! ! * 36% Nash 23% Packard 3% 3% Reo j Studebaker • % Yellow Truck ■*'* Motor Access — .. ... Bendix 15% 15% 15% las Bohn Alum ; ■ 52% Borg Warner 19% 19% Briggs 11 11 Buda Wheel •••• 3% Eaton Mfg 13% 13% 13% 13 2 Elec Auto Lite 18 18% Houd A 3% 3% Murray Body 6% ® &"*£S r .:r. i, (-; /?■: ,S'S ijs SJH Am Smelt 42 41% 41% 41% Anaconda 13 Cal & Hecla * 3 Cerro De Pasco 33% 32% Gt Nor Ore 10% 10% SK’sSnf 1 “ 'MW 33 UK Sk KSSBP.•: Isl Creek Coal -5 Kennecott Cop 20 19 s Noranda Cop 34 33 ' 8 Phelps Dodge .... ... *5 Pitts Coal Tobaccos — Am Sum Tob IS. Am Tobacco A ■ S®' 2 Am Tobacco B . <l% 71 il* 71 Ligg & Myers B 82% Lorrillard . ... I®* 1® 3 Reynolds Tob B 46 48 Alfi? U <?hakners 18 17% Am Car A- Fdy 24% 24% Am Loco -y, ?! 4 Am Mach & Fdy 13% I 4 Am Steel Fdy 19% 19% Bald Loco H, 4 Burroughs 4 Case J I ®*; 2 Cater Traci - 3 2 Colgat Palm Peet , 9 s Congoleum 43 4 Elec Stor Bat 4S 4 Foster Wheeler 34 Gen Am Tnk Cr 32 33 Gen Elec I®% I®% Gen R ft Sig 32% Ingsol Rand ■■■ s<j Int Bus Mach 142 142 Int Harvester 38 Kelvtnator ■ • ■ 11 Natl Cash Reg 1/% 17 1‘ IS' Proc & Gamble .. ... 39 Pullman Inc 49 49 Simmons Bed .... ••• Und El’iot 34 West Air B 2. 3<, Westingh Elec 37 3. Worthington P. .. 33 2 Utilities— AmTowec & Ll^... m1 4 Am Wat Wks 18 IS* Brook Un Gas.. . ••• • ■ ® 3 4 Col Gss & Elec 11% 11% 11% Col G A- E pfd • 51 2 Com & Sou • ,1 * ,1 * Consol Gas 37% 36% 37 3. JSlec Pwr * Lit 4% 4% E P & L pfd ® * E P A- L pfd 8% 3 gio* i a::.*:, tNorth P Amer U *. 14% 14% 14% 14% Pac q& e l®% i< So b Caf r Edison 15% 15% 15% 15% Std Gas L 2 Std Gas pfd •• 83 United Corp ... 4% 4% 4% 4 - Un Gas Imp .. 14% 15 Ut Pwr & Lit A J 4 2 * Western Union.. .. 54 ,3 4 .... uh I** !:•

Wall Street

U S Rubber pfd osi. Kel Spring .... / I” 2 §, 3 Amusements— Crosley Radio ... Fox Thea ' ,2,, Loews Inc . .. in" IS- 2 RKO° ' COrP 7,/ * " 6% Warner Bros ~ ’/” jA si* Foods— a 2 5/2 Am Sugar 4q Armour ‘A’ 4 U 41 Beatrice Creamry ... ] 2/ Caf"Packing ' 2 °* 2 °‘“ Can Dry G Ale. . 9S1 8 Coca Cola Sis 2 Cont Bak 'A' *6% Corn Prod .... 0 2 7S1 8 Crm of Wheat ! 97/ F / od . s 33 " 3 33% 33% 33% CjOjU Dust iO3, p W Sugar 29% 29% 29% 29% Loore Wiles 42/ Natl Biscuit 46'i 4'C Natl D Prod ;;; 123* j®/ Purity Bak 12% 12% 12% 12% S Porto Riso Sug . , . . 343,: Std Brands 21% 21% 21% 213* United Fruit 4 g}., 8 Ward Bak A' g 4 Wrigley ;. 543, Retail Stores— 4 Best & Cos 27 Glmbel Bros isi 47. Gimbel pfd V Hahn Dept Sts "5 5 Kresge S S 13 Kroger Groc . 22% mi; Macy R H ! 8 553, 8 May Dept St '28% 28i 4 Mont Ward 21% 21% Penny J C 52 52 Safeway St ... 431. Sears Roebuck .... . ' 411" Woolworth ... ■" 4n 2 Aviation— Aviation Corp.. .. . 714 7 Douglass Air i-n-Curtiss Wright. .. ... 2% 2% Curtiss Wr A 51 2 Nor Am Av ’4% 43T United Aircraft 32 317. Chemicals— Air Reduction .... ... 001, Allied Chem ... "" 1443 2 Am Com Alcohol .. . 493. 40/ Col Carbon gov 4 2 1 Com Solvents .. .. ... 32 3114 ! Dupont 89% 89% 89% 89% ' Freeport Tex 431* 1 Liquid Carb " 90 Math Alkali 3 g ; Tex Gulf Sulph 40% 40% ' Union Carbide .... . 44s 8 443? U S Ind Alcohol 57% |gi 4 Nat Distil (newt 25 3 - 8 243-„ 24 24% Drills— 8 Coty Inc 4 Lambert '22% 223;, Lehn & Fink jg3 8 igi 4 Zonite Prod i/ . 8 S3 2 Financial—j Adams Exp ... 7s' 71/ I Allegheny Corp 31 4 I Uhesa Corp 321/, 32% j Transamerica .. gs **. i Tr Conti Corp 45 8 Building—iAm Radiator ... 14V* 14 141/- 137, i Gen Asphalt ig 8 Int Cement ... 3 n Johns Manville. 58 5734 55 58% Libby Owens G . . ... 34 333, Otis Elev ; . 141 4 Miscellaneous— Am Bank Note. ... 14 Am Can 95 943, '95 9431 Anchor Cap ... . 19 Brklyn Man Tr. 32 31% 31% 31% Conti Can ... 74 74 Eastman Kodak 803. Owens Bottle 80 Gillette 8% Glidden ... 155-5 Gotham Silk ... 7% Indus Rayon ... .. ’ 77 Inter Rapid Tr .. ... ... iiu> Real Silk Hose.. .. ... ... 9'

Investment Trust Shares

By Abbott. Hoppin & Cos. —Dec. 19— . , _ , Bid Ask American Bank Stocks Corp. . .70 .80 American & General Sec A.... 3.00 5.00 1 American & Inv Tr Sh f 1.50 2.50 Basic Industry Shares 3.25 3.30 British Type Inv Tr Sh 44 .50 Collateral Trustee Shares A. 4.50 4.75 Corporate Trust Shares (old) . . 2.16 2.19 'Corporate Trust Shares (new). 2.26 2.29 Cumulative Trust Shares 3.90 Diversified Trust Shares A. .. 6.25 Diversified Trust Shares B. ... 6.87 7.12 Diversified Trust Shares C. .. 2.90 2.96 Diversified Trust Shares D. . 4.37 4.62 .First Insurance Stock Corn ... 1.27 1.31 First Common Stock Corn 83 .98 Fixed Trust Oil Shares A 8.25 8.50 Fixed Trust Oil Shares B 7.00 7.25 Investors Inc 17.30 17.55 Land Bank Bond Shares 93 1.03 Low Priced Shares 5.25 . . Mass Inv Trust Shares 17.25 17.50 Nation Wide Securities 3.04 3.10 North Amer Trust Shares 53 * . 1.80 North Amer Trust Shares 155* . 2.26 2.30 North Amer Trust Shares (58% 2.35 2.55 Selected American Shares ... 2.40 Selected Cumulative Shares. . 6.50 6.75 Selected Income <b Shares .. 3.50 3.62 Std American Trust Shares A. 2.76 2.80 Trust Shares of America 2.70 ?.74 Trustee Std Oil A 5.12 5.37 Trustee Std Oil B 4.87 5.00 U S Electric Lt A- Pwr A 10.00 10.30 Universal Trust Shares 2.88 2.92

Federal Farm Loan Bonds

Bv Blvthe <s: Cos.. Inc. —Dec. 19— Bid Ask 4s. Nov. 1. 1957-37 79 80% 4s. Mav 1. 1953-38 79 80% 4',s. July 1. 1956-36 79' 80% I'.s. Jan. 1. 1957-37 79% 80% I%S. Mav 1. 1957-37 79% 80% 4%5. Nov. 1. 1958-38 79% 80% 4%5. May 1. 1942-32 86 87% 4%5. Jan. 1. 1943-33 82 83% 4%5. Jan. 1. 1953-33 82 03% 4%5. July 1. 1933-33 82 83% 4%5. Jan 1. 1955-35 82 83% 4%5. July 1. 1955-35 82 83% 4%5. Jan. 1. 1956-33 .... 82 .83% 4% s. July 1. 1953-33 86 87% 4%5. Jan. 1. 1954-34 86 87% 4%5. July 1. 1934-34 86 57% ss. May 1. 1941-31 93 94% ss. Nov. 1. 1941-31 93 94% Home Lobn 4s. July 1 19cl 83% 84%

Foreign Exchange

IBv Abbott. Hoppin & Cos 1 —Dec 19Close. Sterling. England $5 14 Franc. France 0616% Lira. Italy 0827 Begias. Belgium .2189 Mark. Germany .3757 Guilder. Holland 6320 Peseta. Spain 1289 ' Krone. Norway 2583 Kioat. DemnaU J&ii

STOCK SHARES ADVANCE AFTER SHARP DECLINE Selling Drive Causes Break of 1 to 10 Points at Mid-Session.

Average Stock Prices

Average of thirty industrials yesterday; 97.99 high. 96.30 low. 97.25 last, up 0 05. Average of twenty rails, 40.49, 39 68, 39.90. off 0.19. Average of twentv utilities. 23.19. 22.64. 22.72. off 0.29. Average of forty bonds, 82.79. off 0.15. Average ts ten first rails. 88.99. off 0.21. Average of ten second rails. 66.79. off 0.42. Average of ten utilities. 93.35. up 0.38. Average of ten industrials. 84.05. off 0.35. BY ELMER C- WALZER United Press Staff Correspondent NEW YORK, Dec. 20.—Trading quieted down on the Stock Exchange in the early afternoon dealings today and prices rallied moderately after a crash of l to 10 points around noon. The mid-day smash centered on recent pool favorites but the whole market weakened. Celanese touched 31%, off 10; Union Bag & Paper 36%, off 9; Atlas Tack 10, off 4%; Vulcan Detinning 46, off 5%; National Distillers 22%, off 3%; American Commercial Alcohol 45%, and Industrial Rayon 70%, off 6%. At the height of the selling tickers ran five minutes behind the market despite close abbreviation of quotations on the tape. Before • the end cf the third hour order had \ been restored, and mild recoveries! noted in the issues hard hit in the decline.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 20— aLm* 1 / 83 $1,654,000.00 Deblts TREASURY STATEMENT „ . . , —Dec. 20— Net balance for Dec. 18 $1,234,122,561.26 ! Mlsc int. rev. repts 6,969,092.01 ! Customs repts. mo. to date 16.693,425.60 ' New York Curb fßv Abbott. Hoppin & Cos.) —Dec. 19— Allied Mills ... ‘T'iFord of Europe Cl °s S | 8 Aliim C° of A 73 Gen Aviation... 5 Am Cyanide B 14% Glen Alden Coal 11% Am & For P W 5% Gulf Oil of Pa 55 Am Gas & El.. 20% Hiram Walker.. 47% Am Superpow. IVHud Bav Min.. 8% Ass Gas & El.. % Humblo Oil 100% Atlas Corn ... 10% Imperial Oil Ltd 12% British ATbA 29 Int Petrol 19% British Celanese 3% Lake Shore Min 44 Can Ind Ale A. 20 ’Libbv McN Libby 3 Can Marc 2 ! e Mt Producers.. 414 earner C0r0... 5% Natl Bellas Hess 2 Cities Serv ~ . 1% Newmont Min 45 Common w Ed.. 33 3 4 Nia Hud Pwr.. 5 Consol Gos Bit 50 Penn Road 2% Cord Corp 5% St Regis Paper'. 2 Creole Petrol.. 10% Sal Creek Prodts 5% Crown Ck Int.l 6% Sherwin Wins.. 45‘a Deere & C 0... 29VStd of Ind 32% Distillers Lim.. 20V Std of Kv 14% Distillers Corp. 22 j Stutz Mts 5% El Bd & Shar ll 3 a Technicolor Ind 8% Fisk Rubber.. 7%|Un Pw & L A. 2% Ford of Can A. 13®a!Wr Hargraves M 6%

Daily Price Index

By United Preis NEW YORK. Dec. 19—Dun & Bradstreet s daily weighted price index of thirty commodities, compiled for the United Press: (1930-1932 Average. 100) Today 98.83 Yesterday 98 92 Week ago 100.87 Month ago 101.03 Year ago 72 43 1933 high (July 18) 113.52 1933 Low (Jan. 20) 67.86 Copyright. 1933, bv Dun & Bradstreet, Inc.

U. S. Government Bonds

By United Press NEW YORK, Dec. 19.—(Decimals represent thirty-seconds.) LIBERTY' 3%s (32-47) 100.5 First 4%s (32-471 101.10 Fourth 4%s (33-381 101-.21 Fourth 4%s (33-381 called 101.3 TREASURY 4%s (47-52) 106.3 4%s 3%s (43-45) 98.24 4s (44-54) 103. 3%s (46-56) 101.8 3%S (43-47) 99.7 3%s '4l-431. March 99.6 3%s (40-43). June 98.12 3Vis (41) ....3 98.18 3%s G 6-49) 95.19 3s (51-55) 94.11

In the Cotton Market

—Dec. 19— CHICAGO High. Low. Close. January 10.00 9.98 10.00 March 10.19 10.15 10.19 May 10.31 10.27 10.31 July 10.43 10.42 10.43 December 10.07 NEW YORK January 9.95 9.87 9.95 March 10.12 10.04 10.12 May 10.27 10.18 10.26 July 10.42 10.32 10.42 October 10.61 10.51 10.60 December 9.91 9.86 9.91 NEW ORLEANS January 9.90 9.82 9.89 March 10.08 10.01 10.03 May 10.22 10.15 10.22 i July 10.37 10.27 10.36 ! October 10.55 10.47 10.55 December 9.92 9.83 9.33 ADVERTISING CLUB TO ENTERTAIN 30 PUPILS Christmas Party Scheduled for Luncheon Tomorrow. Members of the Advertising Club, of Indianapolis, will entertain thirty pupils of School 5, 612 West Washington street, at their luncheon tomorrow in the Columbia Club. A Christmas tree and program by the Indianapolis chapter of DeMolay | are scheduled. COLLISION INJURES FIVE Catholic Pastor and Four Students in Hospital. By United Press ANDERSON, Dec. 20.—The Rev. Francis Niesen, assistant pastor at 9t. Mary’s Catholic church, and four Catholic high school students, William King, Charles Laughlin, I Marion Kelly and James Southard, are in St. John's hospital today, all in a serious condition. They were injured in an accident in which the automobile driven by Father Niesen collided with a car driven by Aubrey Strickler. POST TO HOLD PARTY Legionaires Invite Public To Christmas Festival. A Christmas party for children and adults, sponsored by Bunker Hill post No. 220, American Legion, will be held Saturday night at the New Bethel school auditorium. The public is invited. Parents to Be Hosts The Glenn's Valley Parent-Teach-er Association will give a Christmas dinper and party for teachers and pupils Friday in the school. At the last meeting mothers who have children in the first and second grades | won a fern awarded for the best attendance record at P.-T. A. meetiißgi t

THE INDIANAPOLIS TIMES

Chicago Stocks By Abbott. Hoppin & Cos.) TOTAL SALES, 39,000 SHARES —Dec. 19— High. Low. Close. Abbot Lab 40 Adtms Mfg ... 5% Adams Royalty 2% Advance A.uminum ... 2t 2 2% Aitorfcr Bros ... 11 Am Pub Serv pfa 3% 3% 3% Assoc Tel Util A pfd.. .. ... % Bendix Aviation 15% 15% 15 Borg Warner 19% 19 19 Brach A- Sons 8 7% 8 Brown Fence & Wire A 6 5% 6 E L Bruce Cos 11% Bucyrus Monighan Cos 12 Butier Bros 3% 3% 3% Cent 111 Pub Serv pfd 13 Cent Pub Util % Cent Pub Util V T C % Cent & So West ... % Cent & So West pfd... 3% 3% 3% Cent A So West P L pf . . ... 5% Chi A North Western. 7% 7% 7% Chicago Corp com 2% 2% 2% Chicago Corp pld 21% Chicago Flexible Shalt. 10 9% 9% Chi Rap Tran Pr pfd A % Chicago Yellow Cab 11% Cities Service ... 1% 1% i% Coleman Lamp AS .. 8% Commonwealth Edison. 34 33% 34 Construct Materials % Consumers % Cord Corp b% 5% 5% Crane Cos 7% 7 7 Great Lakes Aircraft... 1% 1 1% Grigsby-Grunow 3 „ Hall Printing 3% 3% 3>-Hart-Carter pfd 5 Houdaille-Hershev A.. .. ... 10% Houdaille-Hershev B ... 3% Illinois Brick 4 Ind Pneu Tool 13% Iron Fireman ... 7% Libbv-McNcil ... 2 Lynch Corp 31% 31 31% Manhattan-Dearborn .... ... 1 Marshall Field 13 V 13 13Vi McGraw Electric ... 4 Merchants A Mfrs “A” .. ... % Metro Industries 10 Middle West Utilities ... ... % Mid Wst Ut 6% pfd A’ % Midland United % Midland United pfd ... % Monroe Chemical 2% Mosser Leather ... 8 Muskegn Mot Spec “A” .. ... 10 Nachmann Springfield ... ... 5% National Elec Power A’ .. ... V 8 National Leather 1 National-Standard 20 Nobl-Spks Indus Inc .. 24% 23% 24% North American Car 3% North Am Li A Pow.. 1% 1% 1% Northwest Concorp ... 3% No West Util Pr Lien 2% Oshkosh Overall 3% Prima Cos 7% 7% 7% Public Service 6% Pfd... 41 40 41 Public Service 7% pfd ... 40 Raytheon VTC ... 2 Sears Roebuck ... 40% Southern Union Gas % So W G A Electric pfd 40 Swift A Cos 14% 14 14 Swift Internacional... 27% 27 27% Telephone Bd A Sh pfd .. ... 6 Thompson JR ... 6% United Gas Corp ... 2 Utah Radio 1% 1% 1% Utility A Ind ... % Utility A Ind pfd 1% 1% 1% Viking Pump pfd ... 24% Ward Montgomery A... 85% 85 85 Wavne Pump Com ... % Wisconsin Bankshares. 2% 2% 2% Zenith Radio 3% 33

On Commission Row

—Dec. 20— Fruits Cranberries —Cape Cod early blacks. 25lb. box, $2.50. Grapes California emperors, crate, $2.15® 2.25. Pears Washington D’Ajou 90-1655). $2.50; Washington Bose (100-1355), $2.75; Avacos, Fla. (16-16 c), crate. $1.75. Strawberries —California, $2 a crate. Bananas—Per pound. 6c. Apples—Wealthy, Waif River. Grimes Golden. Jonathan, Florida. $1.25@2 a bu.; fancy Jonathans. $2 a box. Grapefruit—s3(33.7s. Oranges—California Navels, $4 a box. Lemons —(360 c), $5.50, Vegetables Cabbage—Eastern Danish, 50-lb. bag, $1.65; new Texas. 70-lb. crate. $5. Onions —Indiana white. 50-lb. bag, $1.25; Indiana yellow, 50-lb. bag, $1.25; green, $6.50 a barrel. Beans—Florida stringless, hamper, $2.50 Beets—Bulk per bu.. $1.15; Texas, new, $2 a crate. Peas—3o- lb. hampers, $3. Carrot* —California. $2.75 a crate; per doz., 60c; Michigan $2.50 per crate, doz., 60c; bulk, per bushel. sl. Cauliflower—California (11-12s), crate $2.50 Ceiery—Michigan Mammoth, bunch. 85c; bedium bunch, 45c; hearts. $1.15; 15-bunch per crate, $1.15; California, $2.75 crate. Cucumbers Florida, $3.75 bushel; hothouse. 85c per dozen. Lettuce—lceberg best (4-ss) crate. $3.75; hothouse, 15-lb. basket, 90c. Radishes —Hothouse button, 40c dozen. Spinach—New Texas, $1.15 per bu. Turnips—per bu., 75c. Tomatoes—Hothouse. $1.25 8-lb. basket. Potatoes —Northern Round white. 100lb. bag. $1.80; R. R. Ohios. 100-lb. bag. $1.85; 15-lb. bag( 93c; Idaho Russets, 100lb. bag, $2.25; Texas Triumphs, new, $2 50-lb. bag. Sweet Potatoes—Nancy Halls, .per bu., $1.40.

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% lbs. and over, full feathered and fat, 6c; under 4% 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, 15c; 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, 20@21c: No. 2. 17@18c. Butter—No. 1, 25@26c; No. 2, 22@23c. Butterfat—He. ; Quoted by the Wadley Company. BY UNITED PRESS CHICAGO, Dec. 20.—Eggs—Market, unsettled; receipts, 976 cases', extra firsts, 20c; fresh graded firsts, 17V4c; dirties, 10 @l2c; current receipts. iOCu 12c; checks, 16%c. Butter—Market, easy; receipts, 5,940 tubs; extras (92 scorel 16c: storage extras (90). 15@T5%c; storage standards 190), 15%c; extra firsts (90-91%), 15%@ 15%c: firsts (88-89%). 14%@15c: seconds (86-87%), 14c; standards (90), la'/jc; specials. 16%@17c. Poultry Market—Re ceipts, 58 trucks, 4 cars: turkeys. 12@l8c: hens, 9@loc; Leghorn chicks, 7%c: colored sprites, I0%c; old roosters, 6c; ducks, 7% @9%c; geese. 10c; Rock Springs. 10%@12c. Cheese—Twins, 9%@10c: Longhorns, 10® 10%c; S. Daisies. 10@10%c. Potatoes— Supply moderate; demand and trading very slow; market dull on Russets, steady on others; Wisconsin Round Whites, $1.25 @1.35: Idaho Russets. [email protected]%; combination grade, [email protected]; U. S. No. 2, [email protected]: Minnesota Red River Ohios. one car $1.20; shipments. 472; arrivals. 59; on track. 23. Marriage Licenses Wallace Dudley Neilson. 29, Lansing. Mich., salesman, and Dorothy Alice Davis, 23, Indianapolis, housework. Lee Edward West. 45. of 2269 North Illinois street, engineer, and Verna W. West. 43, of 1341 North Dearborn street, manager. Harry Prather. 51, of 2015 South Meridian street, machinist, and Helen Leona Goodwin, 51. of 1920 South Meridian street, beauty operatoi. William Oscar Smith. 23. of 513 West Henry street, laborer, and Opaline Lucille Burge, 19, of 538 West Jones street, housework. Cleston Myrle Lynch, 28. Beech Grove, laborer, and Sarah La Vern Cloyd. 18, Beech Grove, hosiery worker. Harold Graver. 21. of 532 East Eleventh street, clerk, and Virginia Shinn. 19. of 702 North Alabama street, clerk. Louis McCarty. 23, Acton. Ind.. farmer, and Huida Wampner, 18. of R. R. 9, Box 550. housework. Stanley Harris. 21. of 531 Birch avenue, laborer, and Marjorie Lucille Seav. 18. of 805 South Ryboit street, housework. Births Bovs Joseph and Thelma Lewis. 546 Jones. Burville and Waldo Cuppy, 919 North Sherman Drive. Graville and Gladys Schaedel. 1437 Lee. Lawrence and Margaret Meyer, 5376 East Terrace. Tobe and Dorothy Roach. Methodist hospital. William and Ina Carter. 1851 Applegate. Edwin and Ellen Carey, Beech Grove. Deaths Cornelia Cornelius. 2 hrs.. Methodist hospital, atelectasis. Alfred Thompson. 84. 54 North Gladstone. uremia. George Snapp. 70. city hospital, cerebral apoplexy. Everett Suitor. 39. city hospital, internal hemorrhage. Milton L. Harold. 77. 3732 North Illinois, cerebral hemorrhage. Charles Driscall 68. Methodist hospital, broncho nneumonia. Frank Moore. 69. Broadway Hotel, acute cardiac dilatation. Mary Etta Green. 57, Long hospital, mostoiditis. Gladys Franklin. 20. 2133 Lexington, pulmonary tuberculosis. Sara E. Ellington. 66, 1916 Ralston, arteriosclerosis. Clifford Paul Barlow. 47. 2229 North Meridian. acute dilatation of heart. William H Pepka. 74 2419 North Gale, arteriosclerosis Louis P Brinkman. 67, 2316 Stuart, acute cardiac dilatation. Ezra S. Wood. 48. Methodist hospital, carcinoma. Simon Quinn. 50. city hospital, pulmonary edema. Angie Yanthis. 67. 525 Hiawatha, carcinoma. In the Air Weather conditions at 9 a. m.: Southwest wind, sixteen miles an hour: temperature, 37; barometric pressure. 29.88; general conditions, overcast, light fog; ceiling, estimated 600 feet; visibility, three miles.

SWINE PRICES HOLD STEADY AT CITYYARDS Lambs Strong to 25 Cents Higher: Veals Remain Unchanged. Porker prices resumed a steady trading range at the Union Stock- ; yards this morning. Following the sharp decline in the previous session practically all classes held at that average. The bulk, 160 to 275 pounds, sold for $3 to 53.15. Few small lots ranged up to $3.20. Heavy weights from 275 pounds and up brought $2.80 to $2.95, while lighter grades scaling 130 to 160 pounds were salable at $2.75 to $3. Small pigs weighing 100 to 130 pounds were selling at $2 to $2.50. Receipts were estimated at 6,000; holdovers, 369. Steer and heifer trade in the cattle market was extremely dull and most initial bids were weak to around 25 cents lower compared with yesterday’s average. Hardly enough sales were evident to establish a market. Bulk steers were valued at $4.50 to $6. Cows held strong, selling at mostly $2 to $2.75. Receipts numbered 1,000. Vealers remained unchanged, salable at $5.50 down. Receipts were 500. Strength appeared in lamb trading and the majority of classes were strong to mostly 25 cents higher. Bulk ewe and wether grades sold at $7 to $7.25. Bucks were available at $6 to $6.50. Throwouts ranged down to $4. Receipts were 500. Early bids and sales on hogs at Chicago held stationary at yesterday’s average. Initial top was $3.25. Action developed slow. Receipts were estimated at 37,000, including 13,000 directs. Holdovers, 4.000. Cattle receipts numbered 9,000; calves, 1,700; market steady. Sheep receipts were 12.000; market strong. HOGS Dec- Bulk. Top. Receipts. 14. $3.20% 3.30 $3.35 12.P00 15. 3.20@ 3.30 3.25 12,000 16. 3.10 74 3.20 3.25 3.000 18. 3.20(g) 3.35 3.35 9 000 19. 3.00® 3.15 3.15 14 000 20. 3.00® 3.15 3.20 6,000 Market, steady. (140-160) Good and choice....s 2.90® 3.00 —Light Weights—-(l6o-180) Good and choice.... 3.15 (180-200) Good and choice.... 3.15 —Medium Weights—-(2oo-220) Good and choice.... 3.10 (220-250) Good and choice.... 3.05® 3.10 —Heavy Weights—-(2so-290) Good and choice.... 2.95® 3.00 (290-350) Good and choice 2.55® 2.90 —Packing Sows—(3so down) Good 2.25® 2.50 (350 up) Good 2.15® 2.35 (All weights) Medium 2.00@ 2.25 —Slaughter Pigs—-(llo-130) Good and choice.... 2.00® 2.50 CATTLE Receipts, 1,000; market, steady. (1,050-1,100) Good and choice $ 5.00® 6.25 Common and medium 3.00® 5.00 (1,100-1,5001-Good and choice 4.50® 6.15 Common and medium 3.25® 4.50 (675-750) 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 2.50® 3.00 Common and medium 1.75® 2.50 Low cutter and medium I.oo® 1.75 —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 $ 5.00@ 5.50 Medium 3.00® 4.50 Cull and commos 1.50® 3.00 —Calves—-(2so-500) Good and choice 3.50 Common ana medium 2.00® 3.50 —Feeder and Stocker Cattl;— (500-800) — Good and choice S.so® 4.50 Common and medium 2.00® 3.50 (800-1,500) — Good and choic 3.50® 4.50 Common and medium 2.00® 3.50 SHEEP AND LAMBS Receipts, 500; market, higher. (90 lbs. down) Good A choice.® 6.75® 7.25 (90-110 lbs.) Good and choice. 6.25® 7.00 (90 lbs. down) Com. and med. 4.00® 6.25 —Ewes— Good and choice 1.75® 2.75 Common and medium I.oo® 1.75 (90-110 lbs.) Good and choice 6.00® 7.00 Other Livestock BY UNITED PRESS PITTSBURGH, Dec. 20 —Hogs—Receipts. 2,000; holdovers, 1,650; opened very slow; mostly 10® 15c lower; sows, 25c off, top $3.35; 170-250 lbs., $3.25® 3.35; 260-350 lbs., $3.25 down; 120-150 lbs., $3; pigs, 120 lbs. down, s2® 2.75; packing sows, $2.50 down. Cattle—Receipts, 15; nominal; one load fed steers, Monday, $6.10. Calves —Receipts. 100; steacW; good and choice vealers, $5.50@6; medfum, s4@s. Sheep— Receipts, 800; steady; desirable fat lambs, mostly $7.50; common to medium, s3@6; aged wethers, quotable up to $3.50. CLEVELAND, Dec. 20.—Cattle—Receipts. 200; market, practically at standstill; onlyfew receipts disposed of; prices mostly unchanged from yesterday; choice steers, $6®6.50; good heifers, 600-1,000 lbs., $4.25® 4.75; cows, good, all weights, $2.50® 3. Calves—Receipts, 400; market, 50c lower; choice to prime, $6; choice to good, ss®6; common, $2.50®4. Sheep—Receipts, 2.000; market, steady ; bulk of good lambs bringing. $7.25 with few sold at $7.50 top; choice tvethers, $2.50®3.25; medium to good, $1.50®2; choice spring lambs, s7® 7.50. Hogs—Receipts. 1,400; market, slow and dull with prices fairly steady; heavies [email protected]; butchers. 150-250 lbs., $3.30; stags. $1; roughs, $2; pigs, $2.50. BAST ST. LOUIS, ll' Dec. 20.—Hogs— Receipts, 10,500; marker opened strong to 5 cents higher; later trade 10c to 15c up; top, $3.30; bulk 160 to 325 lbs.. $3.20® 3.30; 140 to 150 lbs., [email protected]: bidding $2.65 down on pigs; sows mostly [email protected]. Cattle—Receipts, 1,800; calves. 1,200; market supply of cattle mostly steers in medium flesh; no sales made early with bids lower; mixed yearlings and heifers slow; few sales about steady with most bids lower; vealers were unchanged with top $5.50; slaughter steers. 550 to 1,100 lbs., good and choice, $5®6.25; common and medium, $2.75Cc/ 5.25; 1,100 to 1.500 lbs., choice. $4.50® 5.75; good, $3.75® 5.50; medium. $3.25® 5. Sheep—Receipts. 2.500; market, few choice lar.ibs to city butchers ' steady at $7®7.25; packers talking lower; generally asking fully steady to strong: lambs 90 bs. down, good and choice. $6,50 @7.25; common and medium, [email protected]: yearling wethers, 90 to 110 lbs., good and choice, $4.50®5.75; ewes, 90 to 150 lbs., good and choice. $1.75®3: all weights common and medium, [email protected]. LAFAYETTE, Dec. 20.—Hogs—Market, Steady; 170-225 lbs., $2.90® 3; 225-275 lbs., t $2.80® 2.85; 275-325 lbs., $2.70® 2.75; 140170 lbs., $2.70')/ 2.85; 120-140 lbs.. $2.23®; 2.50: 100-120 lbs.. [email protected]; roughs, $2 35 down; top calves. $4®4,50; top lambs, $6. By Times Special LOUISVILLE. Dec. 20—Catiie—Receipts, 100; supply verv light; market slow and mostly steady: bulk common to medium steers and heifers, S3 Ob 4.25; better finished kinds quotable $5 and above; bulk beef cows, $1.75® 2.2a: sausage bulls mostly $2.75 down: common' to medium native Stockers and feeders. [email protected]; most desirable Hereford stock calves, $4.50. Calves —Receipts. 125; vealers 50c lower; bulk better grades. s4® 4.50; medium and lower grades. $3 down. Hogs—Receipts, 800; steady; 180-250 lbs., $3.35; 255 lbs. up, $3.05:' 140-175 lbs.. $3; 110-135 lbs., $2.20; 105 lbs. down. $1.55. sows, $2.05: stags 80c per hundredweight. Sheep—Receipts, 75: steady; bulk medium to good lambs; $5.50®6: choice kinds. $6.50; bucks discounted 100 per hundredweight throwouts, $3.50 and desirable ewes mostly. $2. SENIOR AT SHORTRIDGE HEADS STUDENT GROUP Creath B. Smiley Elected President Student Council. Creath B. Smiley Jr„ Shortridge senior, recently was elected president of the Shortridge Student Council, sponsored by Lieutenant George Naylor of the athletic department. Madeline Trent, senior, was elected vice-president, and Sally Heilman, junior, was chosen secretary. The student council meets every Thursday afternoon at Shortridge and discusses affairs of the school* *

—Today and Tomorrow — French Expert Explains New Monetary Policy in Elegant Words. BY WALTER LIPPMANN ONCE upon a time, it is said, a cabinet minister came into the room while Disraeli was writing a letter. “I am sending instructions to our ambassador in St. Petersburg," said Disraeli. "And what are you telling him to do?" "I am telling him to behave like a slimy ruffian." "You are telling him what?"

‘‘Oh, well,” replied Disraeli, “I am not putting it in those words. I am telling him to behave with great firmness and tact.” I venture to believe that a very considerable part of the criticism directed against the President's monetary policy arises from the President’s having failed to take the trouble to express his policy in the diplomatic language of international finance. The courage to say this comes to me after having read in the current issue of "Foreign Affairs" a diagnosis of what was wrong with the post-war gold standard, written by the leading financial adviser to the government which is today the outstanding defender of the gold standard. The article is by Charles Rist. the chief financial expert of the French delegation to the world economic conference, and until recently, if not still, a deputy governor of the Bank of France.

No man in France speaks with more authority both by virtue of his official position and his reputation as an expert/ No man in the world is less open to attack on the score of his belief in “sound money," founded on the international gold standard.. ——

But the interesting thing about j Mr. Rist is that he recogtnzes, as almost none of our sound money I advocates has recognized, that there were reasons why the post-war gold standard broke down and that these reasons have to be taken into account in reestablishing it, and startling though it may sound to say it, Mr. Rist’s analysis of what went wrong is fundamentally the same as that of Professor Warren of Cornell. What the President's adviser has been teaching in a kind of rustic simplicity of speech, and with some of the intellectual manners of the solitary genius, the adviser to the French government says with elegance and sophistication. The question which Mr. Rist sets himself to explain is why the price level of 1925 collapsed. It then stood about 50 per cent above prewar. “A rise of 50 per cent,” he says, I “such as took place between 1915 i and 1925, could only be explained j by an enormous increase in gold j production the world over, whereas | actually production fell off during j the war and did not become normal | till 1922 and after.” During the j war period the production of goods fell off, the issues of paper money increased. There was, therefore, a typical paper inflation. But, says Mr. Rist, the monetary authorities of Britain and the United States were misled by an extraordinary coincidence. Up to 1925 the United States alone was | buying gold, and so the whole of the world’s newly mined gold flowed to the United States. With this huge gold supply in the United States the dollar was kept convertible into gold, and because we had a gold dollar the monetary authorities made “the mistake of regarding the prices of 1925” as true world prices in gold. “This illusion,” says Mr. Rist, “was fatal to world monetary reconstruction.” a tt tt FOR. as soon as the banks of j Europe after 1925 began to bid for gold and world production revived there was “nothing in the quantity of gold production” which justified a price level of 50 per cent, above war. Gold prices had to fall to something like their prewar level. Now, this is precisely what Professor Warren has been saying these many years, and he has been a voice crying in the wilderness. As early February, 1919, when prices were sky high, he estimated that they would fall to the prewar level in about twelve years. The estimate was based on the civil war experience. In January, 1924, basing his calculations on the ratio of gold to production, he predioted that “the general tendency of prices for the next ten to fifteen years will be downward and that prices will closely approach or possibly go below the prewar basis. Mr Rist points out next that the monetary authorities of France and Italy were forced to recognize that “some way * * * had to be found to effect artificially a result that would have required twenty years of intensified gold production to bring about normally.” For “the idea of maintaining price levels the world over on the wartime scale and transforming them into a gold price level, the while maintaining old currency parities, looks today like a fantastic dream.” It was the illusion that dollar prices in 1925 were real gold prices which misled the British and ourselves. On this fallacy we built up fixed charges in the form of debts and wages and believed that we had returned to normal. We had not. The true gold price level was much lower than the dollar and pound price level, and so both countries have had to choose between a deep deflation of debts and wages on the one hand and a revaluation of their currencies on the other. Both have now chosen to revalue. o tt MR. RIST concludes by saying that "if there still is hesitation about frankly restoring gold to its former functions, it is because the j various governments would like to | Ibe sure that the new stabilization rates at which they would stop would be the rates best adapted to their circumstances. “This is a problem, which each country has to solve for itself, though its terms are virtually all known already. In my opinion, the sooner it is solved the better it will be for world prosperity.” It would be a great benefit to this country if American monetary experts and financial writers would study Mr. Rist's article with an open mind, and come away from it, having abandoned their present feeling that the monetary policy of the United States is to preposterous to be worth serious discussion. With a dagnosis like Mr. Rist's before them, there really is no longer any excuse for dismissing Professor Warren as an ignorant outsider, or of dismissing his theories because his statistical methods are not highly refined or because | the day to day fluctuation of prices does not conform with mathematical exactitude to his formulae. The scornful way in which many experts dismiss him, as if the whole subject were so indelicate as to be distasteful to them, is no longer I warranted in the light of Mr. Rist's article. For while they can laugh off Professor Warren as an expert on the capacity of hens to lay eggs, if that is the current joke about him, it is not so easy to laugh off the principal adviser to the leading gold standard country of the world, * ACopyrigbt, 1933. by The Times).

Llppmann

ATTACK TRIAL DELAYED AGAIN Girl Accusser Still Is in Hospital After Leap During ‘Party.’ Trial of three men held in connection with injuries sustained by Miss Mary Beyerlein, 18, of ?G South Addison street, when she leaped from a third story window Sept. 27. today was postponed again until Feb. 7 in municipal court three. Municipal Judge Dewey Myers was told by attorneys that Miss Beyerlein still is confined to city hospital and will be unable to appear in cort for at least two months. Defendants are Richard Heyman, 30. of 609 East Twenty-fourth street, the girl's employer in a drug store soda fountain; William Bowers, 24. of 517 North Delaware street, a clerk in the store, and Frankie Ralston, a theatrical agent, charged with selling them marijuana cigarets. Heyman and Bowers were accused by Miss Beyerlein of making her go to a party in an apartment, under threat of losing her job, and with forc-ing her to drink liquor, and smoke one of the marijuana cigarets, and attempting to attack her, according to a statement made to police. CEMETERY'S ASSETS SOLD; STRIFE ENDS Glen Haven Deal Given Court Approval. Months of litigation involving the tangled affairs of the Glen Haven Memorial Cemetery Association were terminated today when Superior Judge Clarence E. Weir approved sale of assets to two local business men. The new owners of the association, W. D. Hale and Louis J. Wood, will take over operation of the cemetery under an arrangement whereby a per cent of gross income will be set aside to pay creditors’ claims and to restore the perpetual care fund of the association. The sale was consummated with payment of $9,000 cash to settle receiver’s fees and court costs. A SI,OOO check accompanied the proposal approved by Judge Weir. Under the arrangement, all lot owners, stockholders and creditors have agreed to defer their claims while awaiting payment from income. Ax-idental Wood-Chopping Is Risky, Decides Grocer. T OSING consciousness from a blow on the head while chopping wood to start a fire early today, Charles Railsback. 76, operator of a grocery at 39 West Sixteenth street, notified police he had been slugged. After investigation, police decided Mr. Railsback had been knocked unconscious by one of the sticks of wood he was chopping. Nothing was missing from the store. Mr. Railsback said he began building the fire in the store at 5.45 a. m. and then lost consciousness for about an hour. There was a bump on the back of his head.

Bright Spots

By United Press Baltimore and Ohio Railroad earns net income for first ten months of 1933 of $1,383,181, against net loss of *4,832,310 in similar 1932 period. Aetna Casualty and Surety Company declares extra dividend of 40 cents a share. Howe Sound Company increases its quarterly dividend rate from 25 cents to 75 cents a share. Gulf, Mobile and Northern railroad earns October net income of $6,948, against net loss of $14,929 in October last year. Independent Pneumatic Tool Company declares extra dividend of 25 cents a share. NEW YORK RAW SUGAR FUTURES —Dec. 19— . High. Low. Close. January 1.13 1.12 1.12 March 1.19 1.17 1.18 May 1.24 1.23 1.24 July 1.30 1 29 1 23 September 1 35 1.34 1 34 December ... 1.12 Two London doctor-scientists have succeeded in making smallpox vaccine virus from chicken eggs instead of calf lymph; enough material was obtained from twenty-eight eggs to vaccinate 7,000 persons.

*ici y I Government Bondsl Newtcn Sell 415 Lemcke Bldg. Todd

.DEC. 20, 1933

INITIAL SELLING WAVE WEAKENS GRAIN FUTURES Government Report Shows Little Change From Previous Year. BY HARMON W. NICHOLS United Press Staff Correspondent CHICAGO. Dec. 20—There was a moderate wave of selling kt the opening of the Eoard of Trade today and grain prices fell off fractions. Wheat was off % to % cen*s, corn was unchanged to % cent lov---er. and oats were unchanged to % cent lower. Brokers believed that if the market was able to escape from the doldrums, it would do so in a constructive direction. Estimates on grain outputs for 1933 show little change from a year ago and traders generally construed the government figures as only moderately bearish. In times like tuese. with the markets ignoring most factors, the traders felt little attention would be paid the report. Upward revision of the 1932 figures, however, should effect the figures on farm stoves of grains. Chicago Primary Receipts —Dec. 19Bushels Last Today. wees. Wheat 477,000 216.000 Corn 604.000 592 000 Oats 105,000 130.000 Chicago Futures Range —Dec. 19— WHEAT— Prey. Open. High. Low. Close, close. Dec... .82% .82% .81% .81% .82% May.. .84% .85 .84% .84% .84% July.. .83% .83% .82% .83% 83% CORN— Dec... .44 .44% .43% .43% .43% May.. .30 .50% .50 .50% .50% July.. 52% .52% .52 .52% 52% OATS— Dec. . .33% .33% .33% .33% .33% May.. .36% .36% 36% .36% 36% July.. .34% .34% .34% .34% .34% RYE— Dec... .53% .53% .52% .52% 53 May.. .58 .58% 57% .57% .57% July.. .59% .59% .59% .59% .59% BARLEY— Dec.. 42 % .42% May.. .48 48 .47% .47% 47% July 47% .47% LARD (old) Dec 4.30 4 30 Jan... 455 455 4.50 452 4,60 May.. 4.87 4.95 487 4.92 4.97 BELLIES (old) Dec 4.50 4.50 Jan... 5.00 5.00 5.00 May 5.62 5 62 BELLIES (new) Dec... 5.00 5.00 5.00 Jan ... 5.62 5 62 May 6.25 6.25 LARD (new) Dec ... ... 4,45 4%5 Jan... 5.00 .. ... 500 5.10 May.. 5.30 5.35 530 5.32 5.42 July ... ... 5.32 5.42 Sept 5.50 5 60 CHICAGO CASH GRAIN By United Press CHICAGO. Dec. 19.—Cash grain: Wheat —No 1 hard. part, car, 83c; sample hard. 75c. Corn (old)—No. 6 mixed. 43%c: No. 2 yellow, 47@47%c; new and old No 2 yellow. 47%c: No. 3 yellow. 46%@47%c; No. 4 velow. 46c; sample grade yellow. 38c: No. 3 mixed, 44%@44%c: No. 4 mixed. 43 <3 43%c; No. 6 mixed 40%c: No. 2 yellow. 46@46%c: No. 3 yellow. 44%® 46c: No 4 yellow. 43@43%c; No. 5 yellow. 41%c; No. 2 white. 47c: No. 3 white. 46@46%r: sample grade white. 37c. Oats—No. 2 white. 34® 36c: No. 3 white. 34c; No. 4 white. 32%®33%e. Rye—No sales. Barlev—Quotable. 43® 70c Timothy—ss.so® 6. Clover seed—sll®T3.Bs. Cash provisions: Lard. $4 52; loose. $4.25: leaf. $4.25; bellies. $5.50. TOLEDO CASH GRAIN By Times Special TOLEDO, Dec 19—Grain close; (Grain in elevators, transit billing'—Wheat—No. 2 red. 87® 88c. Corn—No. 2 yellow. 51%® 52%c. Oats —No. 2 white. 38%@89%c. Rve —No. 2. 66® 67c. (Track prices. 28 %c rate) —Wheat No. 1 red. 83'2®84c; No. 2 red. 82%®83c. Corn—No. 2 yellow. 46%@ 48%c: No. 3 vellow. 46®46%c; No. 4 yellow 43%®44%c: No. 5 yellow. 42%@43%c. Oats—No. 2 White/ 35%@36%c. Seed close: Clover—December, SB. March. $8 25. Alsike —Cash, $8.50. ST. LOUIS CASH GRAIN By Times Special ST. LOUIS. Dec. 19- Cash grain; Wheat —ln fair demand. % to % cent lower; No. 1 red. 86c; No. 3 red. 85@85%c; sample red smutty. 76%c. No. 2 hard. 85%c. nominal. Corn —In slow' demand. 1 cent higher; No 2 mixed, new. 44%®45c: No. 2 vellow. new. 47®47%c: No. 4 vellow. new. 44c. Oats —In slow demand, nominally unchanged; No. 2 white. 36c. nominal.

Indianapolis Cash Grain

—Dec. 19— The bids for car lots of grain at. the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41% New York rate, were; Wheat—Weak; No. 1 red. 76%@77%c; No. 2 red, 75%@76%c: No. 2 hard. 75%@ 76%c. Corn —Steady; No. 3 white, 38*S39c; No. 4 white. 37@38c. No. 3 yellow. 37®' 38c: No 4 vellow. 36® 37c; No. 3 mixed. 38 @37c; No. 4 mixed. 35®36c. Oats—Easy; No. 2 white. 30%@31%c; No. 3 white, 29%@30%c. Hay (f. 0. b. country points taking 23%e or less rates to Cincinnati or Louisville) Steady; No. 1 timothy. $7.50@8: No. 3 timothy. [email protected]. —lnspections Corn—No. 3 white. 1 car; No. 4 white. 3 cars; No. 2 vellow. 2 cars; No. 3 yellow. 1 car; No. 4 yellow. 25 cars; No. 5 vellow. 1 car; No. 6 vellow. 1 car; sample yellow. 2 cars. Totai. 36 cars. Oats—No. 2 white. 4 cars; No. 3 white. 4 cars; No 4 white. 1 car; sample whit*. 1 car. Total. 10 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 76 cents for No. 2 soft red wheat. Other grades on their merits.

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 FRICES Anthracite *l4 23 Coke, nut size 8 75 Coke, egg size 8 75 Indiana, forked lump 5 51 Indiana, egg 5 OO Indiana, mine run 475 Kentucky lump 700 Pocahontas lump 825 Pocahontas egg 8 23 Pocahontas forked lump a 23 Pocahontas mine run 7.25 New River smokeless 825 West Virginia lump 6.75 West Virginia egg 650 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried ta bin. NEW YORK COFFEE FUTURES —Dec. 19— SANTOS High. Low Close. January * ... 8 70 March 8 88 8 78 8 73 May 9 00 8 90 8 91 July 9 03 8 98 8 99 September 9 45 9 37 9 39 December 8.94 8 68 8 68 RIO January ... 617 March 6 35 6 25 6 25 May 6.47 8.40 6 40 July . 6 50 September 6,62 6 59 6 50 December ... 4 70 CHICAGO FRUIT MARKET By United Pretn CHICAGO. Dec. 20—Fruits, vegetables: Apples-. Michigan Jonathans. $1 40'u 1 50; Mclntosh. sl.so<i 1.75 Carrots—lllinn.i. 504160 c bushel. Spinach—lllinois 404/600 bushel. Beans—Southern green. $1 504; 2. Mushrooms—lllinois. 17' 2 J3Oc 1 lb carton. Cucumbers- Southern sl7s' -2 85; hothouse. $2 25'/2 50 Tomatoes—California. $24/2 50: Illinois and Ohio hothouse $1,104/1 25. Leaf lettuce—lllinois hothouse 154H7'ic box Celery—Michigan. 354285 c. Cabbage—Wisconsin *2 I 2.50. 100 lbs Sweet potatoes—lllinoi*. $1154} 1.35: Indiana. $1,504} 1.60 Onion market—Western Valencias. SI1.10; ren. tral western yellows. sl4/1.10