Indianapolis Times, Volume 45, Number 199, Indianapolis, Marion County, 29 December 1933 — Page 16

PAGE 16

Wall Street

Government’s Temporary Guarantee Bank Deposit Plan Goes Into Effect Next Week —Many Join. “BY RALPH HENDERSHOT Time* Special Financial Editor

Within the next few days—Jan. 1, 1934, to be exact—the government’s plan for guaranteeing bank deposits will go into effect. Deposits up to '52300 in all banks which have qualified under the plan will be guaranteed by the Federal Deposit Insurance Guarantee Corporation for a period of six months. At the expiration of that period the permanent plan will go Unto effect. Under the permanent plan deposits up to SIO,OOO will be

guaranteed in full, deposits of from SIO,OOO to $50,000 will be guaranteed up to 75 per cent, and all deposits of more than $50,000 will be guaranteed to the extent of 50 per cent. The names of the banks which have qualified under the guarantee plan have not yet been made public, but reports from Washington indicate that most institutions throughout the country will be included. Ail national and state banks which are solvent and which are members of the Federal Reserve System will provide guarantees for their depositors, being obliged to do so under the Banking Act of 1933. Many other banks also will have qualified. The aim of the guarantee provision of the act is to insure depositors safety for their funds and to build a sound banking structure under business. The emergency which developed early this year and which reached its peak in the closing of ail banks in the United States made it obvious that something had to be done which would restore the con-

Ralph Hendershot

fidence of depositors and at the same time make certain that this confidence is not misplaced. 808 B B B Banks Oppose Permanent Plan Under the guarantee plan—insurance is hardly the proper term for it—each bank participating contributes a percentage of its resources to Hhe Federal Deposit Insurance Guarantee Corporation, which, in turn, Iguarantees to make good on any losses which might accrue to depositors •in any of the banks through bankruptcy or from any other cause. ’ Banks in the Wall Street area, generally speaking, have evidenced ttheir willingness to play along with the government on the temporary •guarantee plan, since the amount of the guarantee is limited and the amount they are obliged to contribute to the guarantee fund also is limited. But they are opposed to the permanent plan because the number and amount of assessments to support the guarantee fund is unlimited and because they feel it places a premium on bad banking practice. B B B BBS Might Be Harmful to Depositors The permanent plan has dangerous aspects. In the case of wholesale such as occurred early this year, strong banks would be sacrificed for weak ones. And depositors in the strong institutions might lalso be hurt, for their protection would be weakened by each call made upon the bank with which they carried their accounts, and the bank in the end might be forced to the wall, with only frozen assets with which to pay off depositors. But the temporary plan provides a breathing spell during which time congress may find a better way to strengthen the banking system and to provide protection for depositors. Branch banking has been proposed as a substitute, but it has been opposed on the ground that business people in the interior sections would not be likely to receive the proper co-operation from branch banks, since those who set the policies would be unlikely to understand their problems. a a a a a a Bankers Becoming More Reasonable Whether a permanent bank plan can be worked out which is satisfactory to all parties concerned remains to be seen, but it can be stated ithat more intelligent consideration is being given to the problem than yit any other time in history, and many bankers have finally come to fthe conclusion that the social aspects of the situation must play a "prominent part in any new' reforms which are inaugurated. ‘ The government already has invested about $650,000,000 in about 3,000 banks throughout the country to help strengthen them, and it is prepared to bring its total investment up to $1,000,000,000 or more. Having been more than liberal in its investments, it stands to reason it will hot consent to any banking reform which does not provide protection for depositors and at the same time give business men reasonable assurance tof proper credit facilities. From all indications the profit factor in bank operations will be relegated to secondary consideration in the future.

New York Stocks (By Abbott. Hoppln St Cos.) *~" 1

—Dec. 29 Oils— Prev. High. Low. 10:30. close. Amerada 41% 42’! Atl Rfg 29-’a 29 % Barnsdall ...... .. ... 8% 8% Consol Oil . . 10% 10% 101a 10’* Sont of Del .... 174a 17V* 17% 17% ouston mewl 3% Mid Cont Pet 11% ©hio Oil ... ... 10% Pet Corp ... 9% 9% Phillips Pet 16% 18V* Shell Un 8 8 i Pure Oil 10 2 Royal Dutch 36 36% Bbd Oil 28 1 2 28% Skelley Oil ••• ••• 8% Soc Vac 16% 16'i 16% 16% 3O of Cal ... 33% 39% 39% 40 SOof N J 46V* 45% 45% 45% Texas Corp 24% 24 24*4 24 Tidewater Assn.. .. ... 8% 8% Un Oil of Cal 18% 18% Steels — Am Roll Mils ... 19% feth Steel .... 37% 36% 36% 37% yers AM ... 23% Col Fuel & Iron. 4 3% 4 3% Cruc Steel 23% ®ull Sts Steel 24 fciand Steel 41% to alum Steel • 1° Rati Steel 49% 49% Rep Iron & Steel 16% 17% Rep Iron & Stl pf 41 U S Smelt 97*4 97 97 99% Vanadium 22% Hid Steel 12% C S Pipe & Fdv 19% U S Steel 48V* 48 48 4 its tJ S Steel pfd • • 91 Totmgtn S & T .. ... 23% 23 * i R ids— # .... .. Atchison • ■■■ 5? 4 Atl C’st Line 41 40% 41 40 i B & 0 23% 23 , Can Pac 12% 12% 12% 12% Ch £i Ohio 40 Chi & Ot W ■ 2% SM &St P 4% 4% M& St P pfd . ... 2% '% Bhi8 hi N W 7% 7% 7% 7 hi R Isl • • ••• 2; Deia & Hud 56% 55% 56 50% Irt Nor pfd::: :: ::: '20% 20% B 1 Central ?1 31% EptJ'& Nash ••• 50*8 51 Mo Pac J 3 Ba'-Pac pfd 4% 4% N Y Cent. ... 34 33% 34 33% 39 Y Chi & S L p .. . . J§ N Y New Haven 1 3 % 3Y Ont & Wes 8% ... orfolk & Wes 161, „R R . .. 30% 30% 30% 30*8 IVr .“ 26 * 25% ffcli'R Hpid-' ••• '30% 30% West Maryl 8% 8% eh Motors ... 35% 35% 35% 35% raham Mot ••• % 2 8 Hudson l’% sash 24% 24% 24% 24% ; 8 Sludebaker 4% 4% fellow Truck 4% 4% .Motor Access— ' Bendix li* 16V* 1.% 17 tahn Alum 56_. 56* arg Warner „ 21% 21% Hr.jigs 12*4 12t I r, fuid Wheel . ... 3 % 3 % ■v MJffc ~TT . . ... 13 * 13 V 8 Alec Auto Li.e.. .. 20 Heud A 4 3% Murray Body 6% atew Warner v 7 Rol .... V 30% 30 Aoa*ka Jun . 21% 21% 21% Sn Smelt 44 44% Apaconda 14% 1| * Oal & Hecla 1% ,4% derro de Pasco . .. ... 35* Qranbv Jl* 7 * Qt Nor Ore 315 ■ ■owe Sound I 37** 1 W..r a •*. &' ’• Ml Creek Coal 25 mennecott Cop 20% *O% fornnda Cop 33% 33-** Phelps Dodge 17** 1< Sits Coal 9 * Tobaccos— Rm.SnuS 49-j Anr Sum Tob ... *5, Tbn Tob (Al. . 66% 66 66 66% Am Tob 'B I 68% 68% den Cigar ■ 25% Use & Myrs B <7 <* * Borrillard ... 17% 16% frvnolds Tob B 43% 43% 43 V 43% -Equipments— Alii*' Chalmers l‘ % irn't-.r i Fdy 25% fat Mich & Fdv 13% m S’ 1 Fdv 20% 20% !ald Loco Ilfs urrouelis . 15% 15 s * 15% 15% ase J 1 68% ater Tract 25% 24% olgnt Palm Pt. 10% 10% Ocngoleum 24% 33; Sec Star Bat 43% 44% Sister Wheeler 14 aeu Am Tk Car 34% on Elec 19% 19% 19% 19% OeR R Sig 33% Jbl. Bus Mach ■ 143 inf . Harvester 39'* 40 ■Srir.ator 11% 11% MAtl Cash Reg 18% 18% HAc & Gamble 39'a Rulhrnan Inc 63% 63% Siemens Bed .... 1* * fiff Elliot 37% ... West Air B 2‘* Wegtlngh Elec 38*. 38% wdrUiingtor. Pm .2’* Ct Hi lies— Am A- For Pwr B** B** AM Power & Lit 8% 6% AT&T 111% 111% 111% 111% Am Wat Wks 18% ’.8% Brook Un Gas.. ... 64% 64 ■

Cos. Gas & Elec 12% 12*4 Col G& E pfd.. .. *. . sit? Com & Sou 1% i-% i% i% Consol Gas .... 37% 37** 37% 37% Elec Pwr & Lit. .. .. 4S„ 41, Int TANARUS& T 14% 14% 14*.. 14% Lou G & E A ... 16*2 Nat Pwr & Lit. .. ... 9% 91, North Amer 151. 147,. Pac G& E ;.. 15s? 151" Pub Serv N J ... 36 36 " So Cal Edison 1534 451/ Std Gas ... ... 7 Std Gas pfd . ” 01/ United Corp ... 434 410 Un Gas Imp ... 15 147'* 15 14% Ut Pwr & Lit A . 2% Western Union 5434 54V4 Rubbers— Firestone 1911 101/. Goodrich 13% 13% oooavear 357/_ o*l/ U S Rubber ” 16 V* 16 U S Rubber pfd 8 26% Kel Spring ] Amusements— Fox Thea 107. Loews Inc 28’/* 28% '28% 28% Radio Corp 7 6% 7 7 RKO 4 2 2*/ Warner Bros *|* 514 . 514 Fkods— Am Sugar 4fl Armour A "41/, si, Beatrice Cream in Borden Pord *ig’„ 1054 Cal Packing 19% 19 19 49. t Canada Dry G A .. .. 2?i? Coca Cola *" 041^ Cont Bak A 71? Crm of Wheat 28% Corn Prod 74% 74% '74 * i 75'* Foods 32% 331, Gold Dust ... iQi. G W Super ... 29% 29’* Loose Wiles .. 42% 42 Natl Biscuit A Natl D Prod 12%' 12% 'i2*i 12% Purity Bak 12 S Porto Rico Sug .. .. 34% Std Brands . , 22% 22% 22% 22** United Fruit 59% 60 Wrigley 5534 Retail Storrs— Ass Dry Goods 11% 11% Gimbel Bros. ... ... 41, Gr Un Tea " 4:4 Hahn Dept Sts 53* 51. Jewel Tea 34 Kresge S S 13% 1314 Kroger Groc ... 24% Macy R H 54 1 2 55 * May Dent St 30** 30% Mont Ward 22% 22% Penny J C 54 Safeway St 453* 4514 Sears Roebuck 42% 42% Woolworth ... 41% Aviation— Aviation Corp 734 75; Douglass Atr 13% Curtiss Wright 2% 2% Curtiss Wr lA) 5% 5% Nor Am Av . .. 514 5 United Aircraft . 31% 31’* 31% 31% Chemicals— Air Reduction 100 Allied Chem 147% 147*4 Am Com Alcohol 51 49% Col Carbon ... . 61’* Com Solvennts. 32 31% 31% 32 Dupont 94% 94*2 94% 95 Freeport Tex 44% 44 Liquid Carb 27 s * Math Alkali 35% 357. Tex Gulf Sulph 40% 40% Union Carbide . . 47% 467 8 U S Indu Alcohol 50% Nat! Dist inewi 24** 24 24 24*4 Drugs— Coty 1nc333' 3 33* Lambert ... 20% 21 Zonite Prod ... . . 6 Financial— Adams Exp 7% 7 Allegheny Corp 3% 3'* Chesa Corp 34% 33% Transamerica 6% 6% Tr Conti Corp 4% ss*5 s * Building— Am Radiator .. 14% 14% 14% 14% Gen Asphalt . . 15% 15% Int Cement ... is 3 * Johns Manville 60*2 60'* Libby Owens Gls 36% 36% 36*2 36* 2 Otis Eiev ... ... 15s* Ulen Const ... 2% 2 3 * Miscellaneous— Am Bank Note 15% Am Can 99'* 99 99% 98% Anchor Cap 19% Brklyn Man Tr .. ... ... 33 Conti Can 75% 75'* Eastman Kodak .. ... ... 80% Owens Bottle 81% Gillette B’* 8% 8% 8% Gotham Silk 7% 7% Indus Ravon .... ... ... 80*2 Inter Rapid Tr 13** 13** Real Silk Hose 7% New York Curb By Abbott. Hoppin Cos.) —Dec 28Close Close. Allied Mills ... 7% Ford of Can A 15** Alum Cos of Am 76 Gen Aviation 5% Am Cyanide B. 15% Gr: Atl & Pac .127 Am Qns &El 20% Gier. Alaen Coal 11% Am Superpwr.. 2% Gulg Oil of Pa 57 Ass Gas & El.. '2 Hiram Walker.. 49% Atlas Corp ... 11*2 Hud Bay Min. 9% Brazil Tr; &Lt 11 Humble Oil id Brit Am Tob A29 Imperial Oil Ltd 13 British Ce’.nse. 3** Int Petrol 19% Can In Ale A.. 19 Lake Shore Min 44% Can Marc 2 Natl Bell Hess.. 1% Carrier Corp... 5% Nia Hud Pwr... 5% Cities Serv ... 1% Novadel Agene. 50 Comwealth Ed 33% Pan Am Airwvs 47% Consl Gas&Bait 54 Penn Road 2% Cord Corp .... 6% St Regis Paper. 2% Creole Petrol .. 10% Sherwin Wins.. 47 s * Deere A Co.-... 38% Std of Ind 32*2 Distillers Liaw. 20% Std of Kv *4% Distillers Cortk 22% Technicolor lr* i% Dow Chem H 73 Un Pwr A Lt El Bond A Shfl2* Wr Hargy* ’ Fisk Rubber A- B%i

STOCK SHARES RESUME GAINS; TRADEJCTIVE Repeal and Mining Issues Are Factors: Others Up Fractions. Average Stock Prices Average of thirty .industrials for Thursday high 100.04. low 97.16, last 99.29. up 2.49 Average of twenty rails: 40.68. 39.59. 40.48, up 1.06 Average of twenty utilities: 23.30. 22.19 23 06, up 1.08. Average of forty bonds: 83 97 up .43. Average of ten first rails: 90.80. up .34. Average of ten second rails 69.19, up .39. Average of ten industrials: 84.69. up .44. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Dec, 29.—Stocks continued to advance at the opening on the Stock Exchange today. Initial prices were up fractions to more than a point, featured by mining issues and wet stocks. Trading was active with many deals for cash. Volume increased for a time after the opening and tickers appeared to be running at full speed, although it was not necessary to abbreviate quotations. Later trading quieted down. Calls In Gold Impetus for the early buying was furnished by the latest ruling on gold issues by Acting Secretary Morgenthau late yesterday. His ruling called in all gold held by private individuals, and lent authority to the President’s proclamation of Aug. 28 on the same subject. The latter had been found illegal by courts recently since it should have been signed by the secretary of the treasury and not the President. The latest treasury geld order, insignificant in itself, was seen as preparing the w 7 ay for a free gold market here and eventual devaluation of the dollar officially. According to Washington estimates the price of gold will be double the statutory level of $20.67 which would make the dollar worth 50 cents. While gold mining issues were higher, silver shares sold off, U. 3. Smelting dropped two and one-half points to 97, ex-dividend. Mining Group Strong Homestake Mining sold today at 315 in the regular way. That was up one point from a cash sale made yesterday and up eleven points from a regular transaction several days ago. United States Steel common stock opened at 48, up Vx ; American Telephone Ill's, up !&; American Can 99, up %; Atchison 56%, up %; American Commercial Alcohol 51, up 1 1 2 ; Allied Chemical 147%, up •%; Chrysler 55%, off %; Du Pont 94%, off %■; General Motors 35%, up % on 5,000 shares; Standard Cil of New Jersey 46,* up %, and Consolidated Gas 37%, up %. These issues held around the openings in the early dealings.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 29 Clearings $1,562,000.00 Debits 3,989.000.00 TREASURY STATEMENT —Dec. 29 Net balance for Dec. 27... .$1,072,247,019.54 Misc int. rev. repts 2.192,525.82 Customs repts. (mo to and.) 23.254,055.55 Foreign Exchange (By Abbott. Hoppin & Cos.) —Dec. 28Close. Sterling. England $5.08% Franc. France 0608 % Lira. Italy 0814'% Belgas, Belgium 2155 Mark. Germany 3712 Guilder. Holland 6245 Peseta. Spain 1277 Krone. Norway 2555 Krone. Denmark 2270 Federal Farm Loan Bonds Bv Blyth & Cos.. Inc. —Dec. 28. Bid. Ask. 4s. Nov. 1, 1957-37 79 80% 4s, May 1. 1958-38 79 80% 4%5, July 1, 1956-36 81% 81*2 4'* s. Jan. 1. 1957-37 81*4 81 * < - 4%5. May 1. 1957-37 81'* 81% 4%5, Nov. 1. 1958-38 81*4 81% 4%5, May 1. 1942-32 87% 88*2 4%5. Jan. 1, 0943-33 87% 88% 4%5. Jan. 1, 1953-33 83% 84*2 4*2S, July 1, 1933-33 83% 84% 4%5. Jan. 1. 1955-35 83V* 84*2 4%5, July 1. 1955-35 83'* 81% 4%5. Jail. 1. 1956-36 83*4 84*2 3%5, July 1. 1953-33 87 88% 4%5. Jan. 1. 1954-34 87 88% 4%5, July 1, 1934-34 87 88** ss, May 1, 1941-31 93 94*4 ss, Nov. 1. I*>4l-31 93 94% Home Loan 4s. July 1. 1951. . 84 84% U. S. Government Bonds I'y United Press NEW YORK. Dec. 28.—Closing liberty bonds: (Decimals represent thirty-sec-onds). Liberty 3%s (32-47) 100.15 First 4%s (32-47) 101.11 Fourth 4%s 133-38) 101.25 Fourth 4%s (33-381 called 101.2 treasury 4%s (47-52) 106.12 4%5-3%s (43-45) 99.4 4s (44-541 103.4 3%s (46-581 101.9 3%s (43-47) 99.3 3%s (41-43) March 99.5 3%s (40-43) June 99.18 3%s (41) 93.21 3%s (46-49) 95.19 3s (51-55) 94.1 C Daily Price Index By United Press NEW YORK. Dec. 28.—Dun & Bradstreet's daily weighted price index of 30 commodities compiled for the United Press: (1930-1932 average. 100 1 Today 101.25 Yesterday 101.00 Week ago 97.75 Month ago 99.64 Year ago 70.50 1933 High (July 18) 113.52 1933 Low (Jan. 20) 67,86 (Copyright. 1933. Dun A Bradstreet. Inc.) Bright Spots By United Press American bureau of metal statistics reports United States November lead output was 38.459 tons, against 35.399 tons in October. Easy Washing Machine Corporation declares a dividend of 50 cents on common stock, first payment since July, 1930. Delaware <k Hudson railroad earns November net income of $210,068. against deficit of $43,319 in November last year. American Water Works and Electric Company reports power output last week was 33,687,000 kilowatt hours, up 17 per cent from similar 1932 week. Arlington Mills declares dividend of $1 a share, first distribution since July, 1927,-

THE INDIANAPOLIS TIMES

Investment Trust Shares

(Bv Abbott. Hoppln Sc Cos ) —Dec. 28Bid. Ask Amer Bank Stocks Coro 73 81 American Sc General Sec A . 4.00 5 50 American Inv Tr shar 1.50 2.50 Basic Industrv shares 3.29 3.33 British Type Inv Tr shares.. .43 .53 Collateral Trustee shares A . 4.48 4 Corporate Trust shares (oldl 221 225 Corporate Trust shares inewl 2.29 2.33 Cumulative Trust shares... 3.91 Diversified Trust shares A.. 6.25 ... Diversified Trust shares 8.. 700 7.25 Diversified Trust shares C.. 292 294 Diversified Trust shares D.. 4.63 4. First Insurance Stock Corp.. 131 134 First Common Stock Corn 83 98 F.xed Trust Oil shares A 8 43 8 63 Fixed Trust Oil shares 8.. 6.93 7.18 Incorporators Inv , SLar.d Bank Bond shares 94 1.00 Low Priced shares $.33 .. • Mats Inv Trust shares 1' 25 17.50 Nation Wide Securities ... . . 308 315 North Amerr. Trust shares ' 53) 1 83 ... North American Trust sh '55) -29 233 North Ameri Trust shar (581 240 2.65 Selected American shares 2 3, ... Selected Cumulative shares.. 6.50 6. <5 Selected Income shares, . Std American Trust sn *es A 2.80 2.8a Trust Shares of America 2 '3 2 ,8 Trustee Std Oil A 523 5.43 Trustee Std Oil B. ....... 487 5.00 U S Electro Lt & Pwr A.... 9-50 .-8. Universal Trust shares 290 3.05 On Commission Row —Dec. 29 Fruits Cranberries— Cape Cod early blacks. 25lb box. $2.50. Grapes—California emperors, crate, [email protected]. Pears— Washington A’AJou. 90-1655, $2.50; Av&scados, Fla., IG-165., crate, $1.75. Strawberries —Florida. 30c per pint. Bananas—Per pound, 6c. Apples—Wealthy, Wolf River, Crimes Golden. Jonathan, Florida. $1.25®2 a bu.; fancy Jonathans. $2 a box. Grapefruit—s2.7s® 3.75. Oranges—California Navels, $4.25 a box. Lemons —360 c, $6. Vegetables Cabbage—Eastern Danish. 50-lb. Ijag. $1.60: new Texas. 70-lb. crate. $5. Onions—lndiana white. 50-lb. bag, sl.*s, Indiana yellow, 50-lb. bag, $1.25; green, $6.50 a barrel ... Beans—Round stringless, hamper, $1.75, best, $2.50. Beets —Bulk per bu., $1.15; Texas, new, $1.75 a crate. Peas—3o-lb. hampers, $3. Carrots —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 Celery—Michigan Mammoth, bushel. 65c; medium bunch, 45c; hearts, $1.15; 15-bunch per crate, 52.25; California, $3 crate. Cucumbers —Florida, $3.75 bushel; hothouse. 85c per dozen. Lettuce—lceberg best (4-ss) crate, $3.50; hothouse. 15-lb. basket, 75c. Radishes—Hothouse button, 75c dozen. Spinach—New Texas, $1 per bu . Turnips—Per bu., 75c. Tomatoes —Hothouse $1.50 8-lb basket Potatoes —Northern Round White, 100 lb. bag. $1.80; R. R. Ohios. 100-lb. bag, SI.80; 15-lb. bag. 33c; Idaho Russets. 100lb bag, $2.25; Texas Triumphs, new. $2 50-lb. bag. „ „ . Sweet Potatoes —Nancy Halls, per bu., $1.69. 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, 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. 25® 26c; No. 2, 22@23c. Butterfat—He. Quoted by the Wadiey Company. BY UNITED PRESS CHICAGO. Dec. 29.—Eggs—Market, firm; receipts. 2,306: extra firsts. 21c; fresh graded firsts. 19c: dirties, 11@13%c; current receipts. 18Vic; checks. U@l3%c. Butter—Market, easy; receipts. 9.571 tubs; storage extras :92 score). 17V4c; storage standards '9O score). 16@16%c; extra firsts (90@91% score), 16%@17c; extras (92 score), 17%c; firsts 88-89% score/. 16 @Y6*4c; seconds (86-87% score). 15Vic: standards (90 score). 17c; specials, 13@ 18 %c. Poultry—Market, firmer; receipts, 28 trucks. 2 cars due: turkeys. 12®16c; hens, ll@12c: Leghorn chicks, 9c: colored springs. 11%@12%c: colored Rocks. 13@15c: black chicks. 8c; Plymouth Rocks, 12%@ 13c: White Rocks. 12 Vi @l3Vic. Cheese— Twins, 9Vi@ioc; Longhorns, 10@T0Vic: South daisies, 10@10%c. Potatoes—Supply moderate; demand moderate: trading light on account of cold weather; market slightly stronger; Idaho Russets, few sales. SI.BO. commercial. [email protected]; Wisconsin Round Whites. 51.55; commercial ; grade. $1.45; Colorado McClures, $1.60® 1.70; shipments. 488, arrivals 46. on track 152. CLEVELAND. Dec. 29.—Butter—Market, barely steadv: extras. 21 Vic; standards, 21c. Eggs—Market firm; extra whites. 21c; current receipts. 18c; fresh pullets. 15c. Poultry—Market, firm: colored fowl. 4Vi lbs. and up, 15c: colored fowl medium. 12c; Leghorn fowl. 3% lbs. and up. 11® 12c: springers Rocfc 4Vi lbs. and up. 15c: springers colored, 3Vi lbs. and up. 12c; springers Leghorn heavy. 11c: ducks white. 5 lbs. and up. 13® 15c: ducks Igiht, 12c; geese heavy fat, 13®;15c: turkeys. 24®25c; old toms, 18@20c: old roosters, Bc. Potatoes—(All quotations based on U. S. No. 1 and 100-lb. sacks.). Maine Green Mountains and Cobblers, $1.90@2; mostly $2: few $2.10; partly graded $1.75® 1.85: Idaho Russet burbanks. [email protected]; partly graded. 51.90; Ohio and New York best. $1.50: partly graded, [email protected].

Other Livestock BY UNITED PRESS CLEVELAND. Dec. 23.—Cattle—Receipts. 250; market fairly active; continuing to show advance for the week of from 25c to 50c; choice steers. $6@'6.50; good 600 to 1.100 lbs., heifers. $4.25(84.75; good cows all weights. $2.50®3. Calves—Receipts. 400; market active and 50c higher for the week market shows unusual advance of $1.50; choice to prime. $7.50@8; choice to good, $6.50 '< 7.50; fair to good. $5.50(576; common. $4(85.50. Sheep—Receipts. 1,200; market steady; lambs, 40(&50c higher for week; choice wethers, [email protected]; medium to good, $1.50® 2; choice spring lambs. s7.so(ii 7.90; good and choice. $7(577.50. Hogs —Receipts, 1,500; market steady on government selection of light hogs and at complete standstill on packer grades. Prices 50c higher for the week on government hogs and from 25c to 40c lower on packer grades; choice butchers. $3.65; light butchers. $3.90; choice vorkers. $3.90; pigs. S3® 3.25. PITTSBURGH. Dec. 29—Hogs—Receipts. 1.809: active, fully steady; top and bulk. 53.85 on 170-220 lb. averages: 230-250 lbs., $3.75: 260 lbs. up, 53.50(57.3.60: 140-160 lbs., 53.25®3.50; 100-130 lbs.. S3(B 3.25; packing sows, largely $2.75. Cattle—Receipts. 15; market nominal. Calves—Receipts. 75; steady, top vealers. $7: medium grades. $4.50(57 5.50. Sheep—Receipts. 300; early indications steady at S8 for desirable fat lambs: shorn lambs yesterday. $6.80@7; culls down to $3: aged stock steady. CHICAGO FRUIT MARKET By Times Special CHICAGO, Dec. 29.—Apples—Michigan Jonathans. $1.25/7 1.50: Mclntosh. $1.25 (a, 1.75. Carrots—lllinois. 50@75c bushel. Spinach—Texas. 75c(8S1.10: Illinois, 50 60c. Beans—Southern, green. $1.85(82.35. Mushrooms—lllinois. 15@25-lb. cartons. Cucumbers—Southern, S2B 2.75; hothouse. $2.50(83. Tomatoes—Florida. 52.75@300; Illinois and Ohio hothouse, $1(8 1.25. Leaf Lettuce—lllinois hothouse. 15®17%c box. Celery—Michigan. [email protected] square carton. Cabbage—Wisconsin. $2.50(82.75 100Ib. sacks. Sweet potatoes—lllinois. $1.25(57 1.40: Indiana. [email protected]. C'elerv cabbage —Michigan. 30@40c flat crate. Horseradish—lllinois. 50c bunch. Parsnips—lllinois, 755790 c bushel. Onion makrte: Western Valentias. $1(71.15: central western yellows. $1(71.10; western whites. 51.75. NEW YORK COFFEE FUTURES —Dec. 28. SANTOS High. Low, Close. January 8.94 March 9.15 9.00 9.10 May 9.33 9.15 9.28 July 9.45 9.27 9.40 September . 9.76 9.64 9 73 December 9 80 RIO January 6.46 March 6.62 6.47 6 62 May 6.77 6.58 6.74 Julv 6.90 6.73 6 85 September 6.98 6.92 6.92 December 7.00 NEW YORK RAW SUGAR FUTURES —Dec. 28High. Low. Close. January 1,18 1.16 1.18 March 1.26 1.23 1.24 Mav 1.32 1 29 1.30 July 1.37 1.34 1.34 September 1.42 1.40 1.40 December 1.47 1.45 1.45 Life Insurance Takes the IF Out of L-IF-E Frank J. Cleland Massachusetts Mutual Life Ins. Cos. 380 Continental Bank Building. Home Loan 45—1951 Bought — Sold—Quoted Blyth & Cos., Inc. 503 Continental Bldg. LI. 6583

PORKER PRICES OFF 15 CENTS AT CITYYARDS Cattle, Calves Unchanged: Lambs Stationary at $7.75 Down. Initial sales on hogs at the Union Stockyards this morning were weak to 15 cents lower than yesterday’s average. After the opening few classes moved around 5 cents higher than the low. The bulk, 160 to 250 pounds, sold for 53.20 to 53.35. Extreme heavy weights ranging from 250 to 350 pounds were salable at $3 to $3.20, while lighter kinds weighing 130 to 160 pounds brought $2.70 to $3.05. Light slaughter pigs scaling 100 to 130 pounds were selling at $2 to $2.55. Receipts were estimated at 9,000; holdovers, 1,448. Trading in the cattle market was slow and steady. Few small lots sold at $3.25 to $5.25. She stock was active and fully steady at the previous close, with most heifers selling under $5. Cows ranged from $2 to S3. Receipts numbered 400. Vealers were unchanged with yesterday's late trade and most classes sold at $7.50 down. Top held at SB. Receipts were 700. Steady sales featured lamb trading, with few native grades salable at $7.25 .to $7.75. Early supplies consisted mostly of fed westerns. Receipts were 2,500. Asking was silghtly higher on hogs at Chicago, with few bids steady to 5 cents higher than yesterday’s average. Choice of 200-pound weights was bid at $3.35. Receipts were estimated at 20,000, including 13,000 directs, holdovers, 3.000. Cattle recipts numbered 3,000; calves, 700; market stationary, Sheep receipts, 12,000; market unchanged. HOGS Dec. Bulk Top Receipts 22. $3.20® 3.30 $3.35 7 000 23. 3.20® 3.30 3.35 2,000 26. 3.40® 3.50 3.50 9.000 27. 3.50® 3.65 3.65 5 000 28. 3.30® 3.45 3.45 8.000 29. 3:20® 3.35 3.35 9,000 Market, Lower. (140-160) Good and choice. .$ 2.85® 3.05 —Light Weights—-(l6o-180) Good and choice... 3.30® 3.35 (180-200) Good and choice... 3.30® 3.35 —Medium Weights—-(lßo-200) Good and choice... 3.25® 3.30 (220-250) Good and choice... 3.20® 3.30 —Heavy Weights—-(2so-290) Good and choice... 3.10® 3.20 (290-350) Good and choice... 3.00® 3.10 —Packing Sows—(3so up) Good 2.35® 2.50 (All weighti Medium 2.25® 2.35 (100-130) Good and choice... 2.00® 2.55 —Slaughter Pigs— Good and choice $ 7.00® 8.00 CATTLE Receipts, 400; market, steady. (1.050-1,100) Good and choice $ 5.25® 6.50 Common and medium 3.50® 5.25 (1.100-1.500) Good and choice 5.00® 6.50 Common and medium 3.75® 5.00 (675-750) Good and choice 5.00® 6.25 Common and medium 3.00® 5.00 (750-900) Good and choice 4.50® 6.00 Common and medium 2.75® 4.50 —Cows— Good 2.50® 3.25 Common and medium 2.00® 2.50 Low cutter and medium I.oo® 2.00 —Bulls (yearlings excluded) Good (beef steers) 2.00® 2.75 Cutter, common and medium. I.oo® 2.00 VEALERS Receipts, 700; market, steady. (100-130) Good and choice. .$ 2.00® 2.55 Medium 4.50® 7.00 Cull and common 2.00® 4.50 —Calves—-(2so-500) Good and chocie 3.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle—-(soo-800) Good and choice 3.75® 4.75 Common and medium 2.50® 3.75 (800-1,500) Good and choice 3.75® 4.75 Common and medium 2.50® 3.75 SHEEP AND LAMBS Receipts, 2,500; market steady. (90 lbs. down) Good & Choice $7.25® 7.85 (90-110 lbs.) Good and choice. 7.00@ 7.75 (90 lbs. down) Com. and med.. 4.50@ 7.00 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00

Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111.. Dec. 29.—Hogs— Receipts, 9,000. including 800 direct; market, opened slow and around 5c lower than average yesterday; later trade more active and steady to 5c lower than, yesterday’s average; top, $3.30; early sales. 160 lbs. and up. [email protected]; mostly $3.30; no action on pigs; sows about steady at $2.15 @2.40. Cattle—Receipts, 800; calves, 800; market, vealers 25c higher; top. $7.25; other classes about steady in clean-up trade; not enough steers to make a market; small lots, $4(84.90; heifers, $3.50® 4.50; beef cows. $2.25(57 2.75; low cutters, $1.25(71.65; top sausage bulls, $3; slaughter steers. 550-1,100 lbs., good and choice, $5.25@ 6.25; common and medium, $2.75@ 5.25; 1,100-1,500 lbs., choice. ss<g6; good, $4.25(8 5.25; medium, $3.75(8 5. SheepReceipts, 1.000; market, receipts light and I market opening steady; early sales of wooled lambs. $7.50(7 7.75; top paid by city butchers; several loads of wooled lambs and some clipped yearlings unsold; lambs. 90 lbs. down, good and choice. s7® 7.75; common and medium. $4(577.25; yearling wethers. 90-110 lbs., good and choice, $4.50(7 6; ewes. 90-150 lbs., good and choice. $1.75r3; all weight, common and medium, LAFAYETTE, Dec. 29.—Hogs—Market. 10c lower; 170-225 lbs., $3.10(73.15: 225275 lbs., $3(73.05: 275-325 lbs.. 52.90®2.95; 140-170 lbs., [email protected]; 120-140 lbs., $2.15 (82.40; 100-120 lbs., $1.50(81.75: roughs. $2.50 down. Top—Calves. $6.50. Top Lambs, $6.50. FT. WAYNE. Dec. 29—Hogs—10c lower; 160-200 lbs.. $3.25; 200-250 lbs.. $3.15; 250300 lbs., $3.05; 300-350 lbs., $2.90; 150160 lbs., $2.95: 140-150 lbs.. $2.85: 130-140 lbs.. $2.75; 100-130 lbs., $2.25, roughs. $2.25; stags. $1.50: calves, $7; lambs. $7.25. By Times Special LOUISVILLE. Dec. 29.—Cattle—Receipts. 200; market less active, but mostly steady at week's advance; bulk common to medium steers and heifers, $3.5017 4.5(L good fed lightweights eligible to $6; bulk beef cows. $2(72.50: good smooth kinds eligible around $3; low cutters and cutters mostly $1.25<g1.75: sausage bulls quotable from $3.25 down: well bred Hereford heifer stock calves quotable at $4.50; common to medium grade native Stockers and feeders mostly [email protected]. Calves. 125; market not established; earlv indications fully steady to strong: bulk better vealers yesterday. $5.50(86. Hogs—Receipts. 1.000: including 372 directs: market. 25c lower; 180-250 lbs.. $3.40; 255 lbs. up. $3.10; 140175 lbs.. S3; 110-135 lbs.. $2.25; 105 lbs. down. $1.60; sows, $2.)/: stags. 85c. Sheop —Receipts. 50: steady, bulk medium to good lambs. $5.50@6; choice kinds. $6.50; bucks discounted. $1; throwouts. $3.50; desirable ewes. $2. I Insurance | See Us for Your Insurance j pf A. J. Wichman & Cos., Inc. It 712 Cirrlp Tower Gentlemen’s Fine Clothes MADE TO ORDER KAHN Second Floor. Kahn Bldg. COLLATERAL' / c 1 LOANS * / No Co-Makers Repaid OTer a Whole Fear The Indianapolis Morris Plan Cos. S. E. Corner Delawure and Ohio hts. * RI. 1538. V. / Conservative Business Invited American national Bank AT INDIANAPOLIS

Chicago Stocks —" By Abbott. Hoppln Sc Cos.

TOTAL SALES 76.000 SHARES —Dec. 28— Adams Mfg 5% Adv Aluminum 2 Asbestos Mia 3i 3‘ 3% Asso Tel & Tel A .... % % % i Assoc Telephone Util.. .. ... % | Asso Tel Util A pfd ' Automatic Washer 1% Bacfcstav-Welt ... 4% I Bastinn-Blessing 6% 5% 6’* I Bendix Aviation 17% 16% 17 \ Borg 3 *Warner 21% 20% 21% j Borg-Warn pfd 93 ! Brach Sc Sons ... ; E L Bruce Cos 10, Butler Eros 3% 3% 3 a Canal Construction 1% Cen 111 Pub Ser pfd .. 13 12% 12% Cen 111 Secur com % Cen 111 Secur pfd 5% Cent Pub Util % Cent Sc So West % ,Cen Sc So West pfd ... 3 ''Cent Sc S W P L pfd .. 4% 4% 4% Chain Belt ... 15 Chi Sc N West 7% 6% 7% ! Chi Cltv & con Rys pfd 1 | Chi City Sc Con Rys ctfs 1 Chicago Corp com .... 2% 2% 2% (Chicago Corp pfd .... 23% 22% 23% ! Chi Towel pfd ... ... 70 69% 70 i Chi Yellow Cab 11% 11 11% | Cities Service 1% 1% 1% i Coleman Lamp Sc S . 8% Commwlth Edison 33% 32% 33% Construct Materials % Construct Mater pfd % Consumers 7% pfd 1% Cord Corp 6% 6 6% Crane Cos 7% 7% 7% Crane Cos pfd 45 Decker & Cohn 1% 1 Dexter Cos 4 3% 3% Diamond Match ... 26% Electric Household .... 8% 8% 8% Fitzsimmons Sc Connell. 13% 12% 12% Godchaux B . 4% Great Lakes Aircraft... 1 % 1 Great Lakes Dredge.... 21 20 21 Grigsby Grunow % % % Hall Printing 3% 3% 3% Hart Carter pfd •.. ... 4% Houdaille Hershey A..11 % 11 11

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 2o 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 825 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 *>.so Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to bln. In the Cotton Markets —Dec. 28— CHICAGO High. Low. Close. January 10.18 March 10.39 10.33 10.35 Mav 10.54 10 48 10.48 July 10.68 10:61 10.65 NEW YORK January 10.15 10.11 10.14 March 10.29 10.25 10.26 May 10.45 10.40 10.42 July 10 60 10.55 10.58 October 10.79 10.73 10.75 December 10.93 10.88 10.90 NEW ORLEANS January 10.13 March 10.28 10.19 10.23 Mav 10.44 10.38 10.39 July 10 58 10.52 10.55 October 10.75 10.70 10.72 December 10.85 NOVEMBER ADVERTISING VOLUME INCREASES Seventy Leading Cities Show Gain of 4.2 Per Cent Over 1932. Bv Times Special NEW YORK, Dec. 2S.—Volume advertising now is regarded as an accurate indicator of general business activity, and on this basis it is evident that a marked expansion of business is under way. November advertising in newspapers, for instance, as reported in Advertising Age, showed a further increase, the figures for seventy leading cities totaling 5,376,009 lines, a gain of 4.2 per cent, compared with the corresponding month of 1932. This followed a gain of 2.2 per cent recorded for October. Automotive advertisers are making the most impressive gains in the volume of newspaper advertising, their record in November climbing to 7,130,000 lines, an increase of 49.4 per cent, compared with November, 1932. General advertising pushed its gains to 12.2 per cent, with a total of 25,573,000 lines. Retail advertising also showed gains, with financial and classified below last year’s level. Similar trends are being shown in the magazine field. Advertising Age reports ad advertising in 100 leading magazines for December totaled 1,573,000 lines, a gain of 16.6 per cent, compared with the final month of 1932.

jWE BUY AND SELL: • U. S. Government Bonds ; U. S. Territorial and Insular Bonds : Indiana Municipal and Gravel Road Bonds \ Land Bank Bonds Home Owners' Loan Corporation Bonds \ | Bonds and Stocks of Indiana Corporations \ General Market Municipal and Corporation Bonds Indianapolis | Bond and Share Corporation I 129 East Morket Street Telephone Riley 4551

Active Trading in U. S. Government Securities Municipal Bonds Land Bank Bonds Gravel Road Bonds General Market Securities * • Direct Private Wire to Principal Markets • fib Pf ass 8 Hughel INCORPORATED Chicago INDIANAPOLIS Ft Warn* Illinois Bldg, t Lincoln 2565

Houdaille Hershev B 3% Jefferson Elec 11 10 11 Ken Rad Tube A- Lamp 2% 2 2 La Salle Extension Univ .. ... % Leath com i 4 Ltbbv McNeil 32% S Lincoln Printing % Lincoln Printing pfd 1% Lynch Corp 32% 31% 31% Manhattan-Dearborn .. 1% Marshal. Field 13% 13% 13 s . Material Service 3 McWilliams Dredging Cos 14% 14% 14% Middle West Utilities .. ... % Midland United % % % Midland United Dfd % Midland Utilit 6' P L % Midland Util 7% PL 1 Miller Sc Hart pfd 7% Nat Electric Power A % National Leather 1 National Repub Inv 1% National-Standard ... . .. ... 20% National Union Radio .... ... % Noblitt-Soarks Ind Inc . 25 24 24% North American Car .. 3% 2% 2% North Amer G St E 1... % % % North Am Li & Pow. . ... 1% Northwest Bancorporat .. ... 3% Northwest Engineering.. .. ... 4% No West Util 7% pfd 1 Parker Pen 4 P.nes Winterfront ... 1 % % Prima Cos 7% 7% 7% Process Corp ... 3% Public Service 12% 10% 12% Public Service N P 13% 11% 13% Public Service 6% pfd 31% 30 31% Quaker Oats 116% 115 115 Raytheon V T C 2% Reliance International.. 3% 33% Sears Roebuck 42% 42% 42% So Colo Power “A” ... % Southern Union Gas % Standard Dredging Cos. .. ... % Standard Dredg Cos pfd 2% Swift & Cos 14% 13% 14% Swift Internationa! . 28 27 28 Tele Bond A- Share "A” % Tele Bond & Sh pfd 5 s Thompson. J R 6 5% 5% Twelfth St. Store ‘A - .. .. ... % Union Carbide Sc Car 46% United Print Sc Pub pfd .. ... % U S Gvpsum. com 45% 45 45% Utah Radio 1% 1% 1% I Util Pow Sc Lt A' .. . 2% 2% 2% Utility A- Ind ... % Utility A: Ind pfd ... IN Wahl % Walgreen Do., com .. . ... 18% Ward. Mont.. “A” 86 85 86 West P L & Te! "A”. . . ... % Wisconsin Bankshares. .. ... 2% Zenith Radio 3% 33% Y, M. C. A, TO GIVE NEW YEAR'S PARTY Programs Set for Monday Afternoon and Night. Demonstrations of the Y. M. C. A. athletic program will be featured at an association New 7 Year's day celebration Monday afternoon and night at the Central Y building. A handball tournament, including singles and doubles, will be staged at 4:30. A basketball team representing the junior department, Columbus, 0., will meet the Indianapolis Comrades Club in the afternoon. The “prep” class will present a gym demonstration at 3, led by Keith Pegg. Harry Grabner will present a fif-teen-minute series of apparatus drills. William Wyle, Tom Miller, Ivan Wyany, Everett McKay, James Mereless and Roland Boughton will take part in the performance. The Y. M. C. A. swimming team will meet the Y. W. C. A. paddlers at 5:30. Water stunts will be presented between scheduled events of the meet. The wrestling club, coached by Jack Scott, will present a series 'of bouts and exhibitions in the main lobby as a part of the night program. The celebration also will include dramatics, music, magic and ventriloquism. It is open to the public. Indianapolis Cash Grain —Dec. 23 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—Steady: No. 1 red. 78@79c: No 2 red. 77@78c: No. 2 hard. 77@78c. Corn—Steadv: No. 3 white. 39%@40%c: No. 4 white. 38%@39Vic: No. 3 yellow. 33%@39%c: No. 4 yellow. 37%®38%c: No 3 mixed. 37%®38%c: No. 4 mixed. 36%@ 37%c. Oats—Steadv: No. 2 white. 31@32%c: No. 3 white. 30%@31%c. Hay—Steadv: (F. o. b. country uolnts taking 23%c or less rates to Cincinnati or Louisville). No. 1 timothy. $7.50<a8; No. 2 timothy. 575L7.50. —lnspections Wheat—No. 1 red. 1 car. Total. 1 car. Corn—No. 4 white. 2 cars: No. 3 yellow. 2 cars; No. 4 yellow. 5 cars: No. 5 yellow 1 car: No 3 mixed. 1 car. Total, li cars. NEW YORK CASH GRAIN Bp United Press NEW YORK. Dec. 28 Cash grain— Wheat—No. 2 red. $1.02%: No. 2 hard, winter. $1.02%. Corn—No. 2 mixed. 59%c. Oats—No. 3 white. 45%c.

1 i JOINT & FEDERAL NewtOl | LAND BANK BONDS Tod,! I 415 Lemcke Bldg. I UUU ®® ® ® [■] S ® ® @ ®H] [■] ® [■] [■] ® [■] ® ® We have suggestions for “ [i] potential profit taking in certain ® ® REPEAL STOCKS ® [gj Mail Coupon for full details without obligation. J¥| ® I. G. Kahn & Cos., Inc. Investment Counselors ® jUfj Lincoln 6787 Suite 415 Illinois Bldg. Indianapolis ® >ame ® l=j ® ® a a ®a a ® ® ® ® e s a ® 13 ® si a @ b ® MEDITERRANEAN CRUISES Mediterranean cruises offer a combination of romantic, historic and religious association, educational advancement, scenic beauty, thrilling adventure and gay resort atmosphere, such as is provided by no other trip or region of the world. To the tourist desirous of a Mediterranean cruise, this season’s schedule offers a wide choice of cruises and sailing dates. Minimum Tourist Class For Complete Details Communicate With RICHARD A. KURTZ, MANAGER TRAVEL BUREAU The Leading Travel Bureau in Indianapolis HdJNION TRUSTS 120 E. Market St. RI ley 5341

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 Indianapolis New York Pittsburgh Chicago MEMBERS: New York Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Curb Exchange Chicago Board of Trade New York Produce Exchange Chicago Stock Exchange Commodity Exchange, Inc., N. Y. New York Coffee and Sugar Exchange Co-Managers James T. Hamill ' Kenneth K. Woolling

.DEC. 29, 1933

GRAIN MARKET SLIPS DOWN ON WEAKSUPPORT Traders Ignore Strength irt Security List: News Is Scarce. BY HARMAN' \Y. NICHOLS United Press Staff Correspondent CHICAGO. Dec. 29 Bullish news was lost on grain markets today and prices fell from the previous close at the opening of the Board of Trade. Wheat futures were % to IV£ cents beneath yesterday's last levels, corn was unchanged to 1 cent lower, and oats were unchanged to % cent lower. . Strength in stocks and indications of further official moves toward inflation were ignored by the trade. Inclination at present is to operata cautiously and await developments of a nature that will stimulate public interest. Primary receipts of wheat have fallen off sharply and indications are that remaining supplies in tho country are small. Chicago Primary Receipts —Dec. 28. Bushels Today. Last Week. Wheat 212.600 722.000 Corn 429.000 687.000 Oats 119.000 124,000 Chicago Futures Range —Dec. 29 WHEAT— Prev. High. Low. 10:00. close. May 85% .84% .84% .85% July 84% .83% .83% .84% CORN— May 51% .50% .50% .51% July 53% .52% .52% 53>/e OATS— May .37% .36% .37% .37% July 35% .35% .35% .36 RYE— May 57% .57% .57% .58% July 59% .59Vi .59% .60% BARLEY— May 52% .52 .52 53% July 53% ST. LOUIS CASH GRAIN By United Press ST. LOUIS, Dec 28.—Cash grain: Wheat —ln good demand, tone steady on all grades; No. 1 red. 90c; No. 2 red. 88c; No. 5 red. 85%c; No. 2 hard, 87c Corn—ln fair demand, unchanged to %c higher; No. 2 mixed. 48c; No. 2 yellow, new. 49c; No. 3 yellow, new. 49c: No. 4 yellow, new, 45c; sample yellow, new. 42c; No. 3 yellow, new. 48c. Oats—ln fair demand, steady to %c higher; No. 2 white. 38c: No. ‘3 white. 37c. CHICAGO CASH GRAIN Bv United Press CHICAGO. Dec. 28. Cash Grain Wheat—No. 1, hard bulk. 85%c; samp!* grade, hard. 78%c. Corn (old)—No. 2. yellow, 49c; No. 3. yellow, 48'ic; No. 6, yellow, 46c; No. 2. white. 50 %c; No. 3. white. 49%c; (new). No. 3. mixed, 45%@46%c; No. 4, mixed, 45%c; No. 2. yellow. 48%c; No. 3, vellow, 47 hi 47 %c; No. 4. yellow, 45%c; No. 3, white, 49%@49%c. Oats— No. 2. white. 37 %c; No 3, white, 37c. Rye —No. 2, bulk hard, 60%c. Barley—Sales, 54 / 76c; quotable, 46''/80c. Clover—sll® 13.75. Timothy, $5,506/ 6. Cash Provisions —Lard. $4.85; loose. $4.62; leaf. 54.62: S. bellies. $5.50. TOLEDO CASH GRAIN By United Press TOLEDO. Dec. 28.—Grain Close (Grain in elevators, transit billing)—Wheat—No. 2. red, 83%@89%c. Corn—No. 2, yellow, 52% @s3 ' ic. Oats—No. 2, white, 39%® 40%c. Rye—No 2. 66%@67%e. (Track prices, 28%c rate.) Wheat—No. 1, red. 85® 35%c; No. 2, red. 84<P84%c. Corn—No. 2. yellow, 47% @49 Vic; No. 3. vellow. 46® 47%e: No. 4 yellow. 454; 46c; No. 5 vellow, 447/ 45c. Oats—No. 2. white. 36%@37%c; No. 3. white. 35%@37c. Seed Close —Clover —December, $8; March. $8.25. Alsike— Cash, $8.50. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 78 cent* for No. 2 soft red wheat. Other grade* on their merits. Following the lead of the natives of Indo-China, Dr. John E. Summers of Omaha has developed an artificial blood from the distilled extracts of certain plants. Attractive Market* in Local and Indiana Building and Loan Stocks Wm. E. Shumaker €* Company, Inc. 1 IQS Circle Tower 1,1-8354