Indianapolis Times, Volume 45, Number 203, Indianapolis, Marion County, 3 January 1934 — Page 15

JAN. 3, im.

Wall Street-

The Street Looks Forward to New Session of Congress With More Fear and Trembling Than Usual. BY RALPH HENDERSHOT Times Special Financial Lditor

Wall Street look' forward to the new session of congress with more than the usual amount of fear and trembling. It hopes for the best by reason of the fact that President Roosevelt probably will dommate to a large efent the actions of the legislative bodies, but it is confident that it is in for something it is not going to like very well. It should be added in haste that it does not regard the Chief Executive as particularly friendly, but it realizes that some of the law makers are outright enemies. Stock exchange regulation of some sort 13 anticipated, and there are those in the Street who are glum over the prospects. They claim the senate committee revealed only one side—the worst—of the picture, and that consequently the legislators are likely to take such drastic steps that

the exchange business will be crippled. Some maintain they would like to get out of the business entirely. Other brokers are looking at the situation more philosophically. They con.end that the country can not get along without exchanges and that if regulations are too severe they will have to be changed later on. They plan to “ride out” the storm and see what happens. Still others contend they would rather have the government handle the situation than those who are now in power, preferring, as they say, a democratic form of government to an absolute monarchy. a a a Commercial Bankers Have Problem Commercial bankers figure they have a battle on their hands to get the -yanking act of 1933 amended so as to eliminate the permanent guarantee provision covering deposits. They are in a rather tough spot in that respect, for the Washington disclosures and the widespread losses through bank closings are r.ot likely

Ralph Hendershott

to make the legislators very attentive to their pleas for fair play. In fact, it might be reasonably expected that many people in congress would feel they had not done their duty unless they brought howls from the banking fraternity. The investment bankers also are praying pretty hard these days. They want the securities aci modified so as to limit their responsibilities for issues underwritten. They have contended all along that they dare not sell securities the way the act stands at present. And if they can not get modification they hope to secure clarification. They want the rules specified in words of one syllable, so that th’* ambulance-chasing lawyer can not drive them to the wall with trumped up charges. Most bankers, in fact, profess to see unusual advantages in operating under the act provided it is clarified. a a a a a a Plan Sale as Speculations And if the act is not remedied it is a fairly safe bet that ways will be found to get around it. It is learned on good authority that one underwriting house at least is planning to do business on the basis of calling all offerings speculative. If securities are sold as speculations, it feels, no purchaser will have a rompback if he loses money. And it is counting on a sufficient number of people being speculators to build up a good business.

New York Stocks

' <B Abbott. *■ — Jail. 3 Prev. Oils— Hifih. Low. 10 30. close. Amerada ... ™i 4 Atl Rfg ■ ■ -2, *2 4 Consol Oil 10' lO 2 10 2 10 a Cont of Del • •• ••• % 7 ' 4 Houston i new •’ * * Houston i old i ... ••2, f. Mid Cont Pet 12 14 12 Ohio Oil . •• • 1-5 2 Phillips Pet lb l4 I*> 1® i, 1 Pure Oil iisHot ill Dutch s5, 8 Sbd Oil ■- • a , *•-,* -%, 4 ’ 4 . M£< I O°of C NJ .- 45 -44*, Ss < Sun Oil n,, 2 Texas Corp 24 a 24 Tidewater Assn a 8 “ 8 Ull Oil of Cal la 8 Am'ltoil Mills .19 18% 18% 19% Beth Steel 37V 3.% 3,% 3.% Bvers A M • •• ■~, “t?; 4 Col Fuel .t Iron 4% 3% 4 * % 8 Ci uc Steel ST 4 Gulf Sts Steel 24 Inland Steel 4 Ludium Steel 1® iS 4 McKeesport Tin 9?, Natl Steel 8 Kep Iron & Stl 4 if 1 _ S ,p s Ir smiet. D :: Vanadium fS, 8 Mid Steel . 1 U S Pipe At Fdy it. U S St. el •48 V 48 a U S Steel pfd 90, 4 9® Youngs'n SAtT .. ••• 23 * 23 4 Kails— , R3 Atchison ??, 4 Atl Cat Line **, 2 g ... ... Can Pac 13% 13 13 12% Ch & Ohio 40% 40% 40% 40 a CM& St P •••, 4% 4% C M At St P pfd 7% .% >% ■% Clu N W 3 Del a & Hud 55% 55% Fr ir ... . . . ... I.V 8 Ort North pfd 20% 111 Central 30 3 K C Sou 11% Lou & Nash ••• 50 1 M K & T 3% Mo Pac • 3; a Mo Pac pfd . ... ... • • 4■ a N Y Cent .. 33% 33 33 33% N Y Chi A- St L 16 N Y New Haven .. ... 15% N Y Ont & Wes 8% Norfolk & Wes 161% Nor Pac . 23% Penn R R 30% 30% Reading ... . • 43 Sou Pac 19% 19% 19% 19% Sou R R 25% 25% 25% 25% Sou R R pfd - 30 30 Union Pac ... 113 Wabash ... . 2% West Mary 9% 9% Motors— Auburn .... ... . 54% 55 Chrysler 57% 57% 57% 58 Gen Motors . 35% 35% 35% 35% Graham Mot .... 33 Hudson 14% 14% Hupp ... 4% 4% Mock Truck 37% 37% 37V, 37% Nash . .... .. 24% 24% 24% 24% Packard ... 4% 4 % Reo 3% 3% Studebnker .. ... 5 4% Yellow Truck 4% 4% Motor Access — Bendlx 17% 17% 17% 17% Bohn Alum .. .. . . 58 Borg Warner . 13 12% 12% 12% Briggs .13 12% 12% 12% Budd Wheel .... . . 4 Eaton Mig ... 14 14 Elec Auto Lite.. .. ... 19% 19% Houd tA' ....... .. ... ... 4 Mullins Mfg ... ... 6% Murray Bdv ... 6% Stew Warner. .. .. ... . . 61a Timken Rol ... 31 31 Mining— Alaska Jim 22% 21% 21% 22% Alll Smelt 44% 44% 44%' 44% Anaconda ... 14% 14% Cal * Hecln 4% 4% Cerro de Pasco.. .. ... 35 35 Granby ... ... 8 C.t Nor Ore 11% 11% Homestake Min .. ... ... 322 Howe Sound . . .. 37% Int Nickel . . 21% 21% 21% 21% Kennecoti C'op . .. . . 20% 20% Noranda Cop ... 34 33% Phelps Dodge .... ... 16% 16% Tobaccos— Am Too tA> .... .. . 67% Am Tob (Bi . . 70% 69% Gen Cigar . 29 28% 28% 28% Lig & Myers 181 79 Lombard . 44% 44% 44% 44% Equipments— Allis phalmers. 17% 17% Am CJf & Fdy. 25 Am Loco ... ... 28 Am Mach & Edv .. ... ... 13% Am Pteel Fdy . .. ... 20% Bald Loco ........ . 11% 11% Burroughs . . 15% 15% 15% 16% Case 3 1 ... ... 69 Cater Tract . 24% 25% Colght Palm Peet 9% 9% 9% 9% Cougolcum ...... ... ... 24 x. Elec Stor Bat . .. ... ... 45% Foster Wheeier ... 14% Gen Am Tk Car .. ... ... 35 Gen Elec 19% 19% 19% 19*4 Gen R R Sig ... ... 34 Ingol Hand ... ... 63 Int Bus Mach .. 144% Int Harvester .. ... 40% 40% Kelvinator 12% 12% Natl Cash Reg ... ... 18% Proc & Gamole ... ... 18% Pullman Inc . . 53% 53% 53% 53% Simmons Bed . IS 17% 17% 18 Und Elliot 38% 37% Wes: Air B 29% Westlngh Elec .... ... .. 38% Worthtngtu Pmp 23 l tilitirs— Am & For Pow 8% 8% 8-, 8% Am Pov. A- Lit ... 6% 6% A T A T 110% 110% 110% 110% Am Wat Kks . 18% 18 18% 18% Go! Gas A- El 12 12 Col G A- E pfd .. .. 53 % Com A- Sou ... 2 1% 1% 1% Consol Gas 38% 38 El Par A- Lit ... ... 5 5 E P A- L pfd .. . .. 8 Int T A T . 14% 14% 14% 14% Lou G A- E A 16% Nat Pw A- Lit .. , . . 9 North Amer 14% 14% 14% 14% Pac G A E 16 16 Pub Serv N J 35% 35% So Cal Edison.. .. ... ... 16 Std Gas 7 Sid Gas pfd ... 8% United Corp 5 4% 5 5 Un Gas Imp ... 15 15 Ut Pwr A- Lt A - 3% 3% Western Union . 54% 54 54 54% Rubber*— Firestone .„ ... ... 19% Ooodnch 14 13% Ooodvear 35% 35 V S Rubber . . . 15% 15% 15% 15% U S Rubber pfd 26 Kel Spring ... 2% Amusements— Beth Steel 17% 37% 37% 37% Croaiey Radio 8 Fox Theater . 13% 13% Loews. Inc 26% 28% Radio Corp .... 7 6% 6% 7 ® K O 2% 2% Warner Bros 5% 5% Foods— Am Sugar 47% Armour ’A .... 4% 4% Beatrice Creagi .... 11 11 Bordea Prod ... Zt*i 20% 20%

>ppin * Cos. i ——————————— Cal Packing 19% Can Dry G Ale 26% Coca Cola 97% Cont Bak 'A' ... 7% Corn Prod 75% | Crm of Wheat 28% ! Gen Foods . .. 33% 33% 33% 32% Gold Dust 18 1 G W Sugar 30% i Hershcy 50 50 Loose Wiles 42% .... : Natl Biscuit 46% 46 Natl D Prod 13% Purity Bak 13% ] S Porto Rico Sug 35% Stri Brands 21% 21% 21 % 21% 1 United Fruit 60% Wrigley 55% 55% Retail Stores— Best & Cos 28 .... Gr. Un Tea 4% Hahn Dept Sts.. . ... 5% Kresge S S . 14% 14 14 13% Kroger Groc 24% 24% ’ Macy R H . ... 54 54% May Dept St. 31 31 Mont Ward .. 22% 22% 22% 22*s Penny J C 54 54 Safeway St ..... . . 46 i Sears Roebuck . 42% 42% 42% 32% : Woolworth 43 42% 42% 43% ! Aviation— Aviation Corp .... 7’, 8 Douglass Air 14% 15% ! Curtiss Wright ... ... 2% 2% i Curt Wright. 'A' 5% 5% I Nor Am Av ... ... 5% i United Aircraft.. 32% 32% 32% 32% Chemicals— Air Reduction ... ... 100 Allied Chem ... ... . 150 Am Com A1c0... 54% 53% 53% 54 Col Carbon . .. 62 Com Solvents .. 32% 32 32 31% ; Dupont . .. 94% 94% 94% 94% ! Freeport Tex . . ... 45 Liquid Carb ... . 28 ! Math Alkali 34% 35% I Tex Gulf Sulph 40% Union Carbide ... 46% 47% S U S Ind Alco . . . 54% Nat Dis mew). 25% 25% 25% 25% Drugs— Coty Inc ... ... 4% Lambert ... ... 22% Lehn & Fink 18% I Zonite Prod ... ... 6% i Financial— Adams Exp ... 7% 7% j Allegheny Corp 3% I Chesa Corp ... .. 35 Transamerica ... ... 6% 6% Tr Conti Corp .. ... . . 4% Building— Am Radiator . . 14% 14% 14% 14% ! Gen Asphalt ... ... ... 15 % ’ Int Cement . 30% Johns Manville. 59% 59% 59% 60% Libby Owens Gls 37 36% 33% 36% Otis Elev 15% 16 Miscellaneous— Am Bank Note . . .. ... 15% Am Can 98 97% 97% 98 Anchor Cap ... ... 20 j Brklyn Man Tr. .. ... ... 33% ! Conti Can ... ... 77 j Eastman Kodak .. ... ... 82 % Owens Bottle ... ... .. 81% ! Gillette 9% 9% 9% 9% | Glidden 16% 16 I Gotham Siik ... ... 7% Indus Rayon ... 80 Inter Rapid Tr 13% 13% ! Real Silk Hose.. .. ... ... 8% i New York Curb (By Abbott. Hoppln & Cos.) —Jan. 2 Close.! Close Allied Mills. 8% Glen Alden Coal 13% Alum Cos ol Am 74% Gulf Oil of Pa 60 Am Beverage. . 1% Hiram Walker 55% Am Cyanide B. 15 % Hud Bay Min 8% Am Gas & El. . 20% Humble Oil . 100', Am Superpower. 2% Imperial Oil Ltd 13% Ass G Sc E 1.... % Int Petrol 20 Atlas Corn 11% Lake Shore Min 45 Can Ind Ale A. 19% Libbv McN Libbv 3 Carrier Coro. . 6 :Lone Star Gas 6% Cities Scry 2 Massey Harris.. 4% Commonwlth Ed 35 Mr Producers. 4% Consol Gos Bit 55 ! .- Natl Bel Hess 2% Cord Corn ... 7 Newmont Min... 51 Creole Petrol. 10% Nia Hud Pwr 5% Crown Cork Inti 6% P Am Airways. 49% Deere <Sr Cos ... 28% Penn Road . .. 2% Distillers Lim.. 21 St Regis Paper. 2% Distillers Corp. 24’, Sherwin Wins.. 48% Dow Chem ... 73% Std of Ind. .. 32 El Bd & Sh... 12% Std of Kv 15% Fisk Rubber. . 9'2 Technicolor Ind 9% Ford of Can A. 16 Tcck Hughes Gld 5% Ford of Europe. 5% Pn Gas . 3% Gen Aviation. 5 3 On P Sc Lt A . 2% Gt Atl & Pac 127 Wr Harg Min . 6%

Investment Trust Shares

(By Abbott. Hoppin Sc Cos.) —Jan. 2 Bid. Ask. American Bank Stocks Corp 76 .86 American Ar General Sec A. 4 50 5.50 American & Inv Tr Sh 1.50 2.50 Basic Industry Shares 3.35 3.40 British Type Inv Tr Sh 42 .50 Collateral Trustee Sit a res A . 456 468 Corporate Trust Shares (old'.. 2.22 2 26 Corporate Trust Shares mewi. 2 29 2.33 Cumulative Trust Shares .5 96 .... Diversified Trust Shares A 6 25 ... Diversified Trust Shares B .. 7.37 7.62 Diversified Trust Snares C 3 01 3.C5 Diversified Trust Shares D 4 85 4 95 First Insurance Stock Corp ... 131 1.36 First Common Stock Corp 83 98 Fixed Trust Oil Shares A 8 95 9.15 Fixed Trust Oil Shares 8...... 7 45 7.50 Incorporators Investments 17.67 17 19 Land Bank Shares 94 1.05 Low Priced Shares . 5.60 Mass Inv Trust Shares 17 69 19.22 Nation Wide Securities 316 .... North Amer Trust Shares 1531 . 1.86 North Amer Trust Shares os>. 2 32 2 36 North Amer Trust Shares 'SB. 2.50 2.75 Selected American Shares 2.60 .... Selected Cumulative Shares . 6 70 Selected Income Shares 340 3.80 S'd American Trust Shares A 285 290 Trust Shares of America 2 80 2 80 Trust** Std 0:1 A 5.30 5.45 Trustee Std Oil B 5 00 5 12 U S Electric Lt Sc Pwr A 10.00 10.50 Universal Trust Shares .3 02 306

U. S. Government Bonds

B;i Cnift and Prt ** NEW YORK. Jan. 2 —Decimals represent thirty-seconds. LIBERTY 3%-s 132-471 100.19 First 4%s 132-47' 101.20 Fourth 4%s • 33-38• 101.28 Fourth 4%s 33-38' cai.ed .... 1012 TREASURY 4%s "47-52' 107. 4 ' .s. 3%s 143-45) 98.10 4s ■44-54 t 103 29 . 3%s '46-56' 102. 3%s '43-47t 99.15 3 3 s '4I-43- March ... 99 15 3%s '4O-43' June 99.21 3%s (41 .99. 3%s '46-49' 955 3s 151-551 9429 NEW YORK RAH SUGAR FUTURES —Jan. 2 High. Low. Close January 1.16 1.15 1.16 March 1 26 1.24 1.26, Mav 1.33 1 29 1.32 , Julv 1.37 1 34 1.37 * September 1 42 1 40 1.42 I December 1.47 1.45 1.47

ISSUES DISPLAY DULL TREND IN LIGHT SESSION Traders Await President’s Message to Congress: Volume Drops.

Average Stock Prices

Average of thirty industrial* for Tuesday high 10194 low 99 61; close 100.36, up .46. Average of twenty rails: 41.46, 40 75. 40.97, up 17. Average of twenty utilities. 23.75. 23 10. 23.18, off .11. Average of forty bonds 84 66. up .06 Average of ten first rails. 91 47. up .06. Average of ten second rails- 70 09 up .05. Average of ten utilities 91.54, up 14 Average of ten industrials: 85.56, up .09. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Jan. 3.—Stocks opened steady to firm today with volume small as the Street awaited President Roosevelt's message to congress. A long list of issues opened at previous closing levels, including such leaders as United States Steel at 48'*; American Can, 98; American Telephone, 110%, and International Harvester at 40-%. Automobile shares, which made new highs for several years in the preceding session, eased slightly. Chrysler opened at 57%, off % on 1,000 shares, while General Motors on 1.200 shares opened at 35 , off K. Auburn was down Vs at 544.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 3 ” Clearings $ 2.854 OOOTOO Debits 8.544,000.00 TREASURY STATEMENT —Jan. 2 Net balance for Dec. 28. $1,057,256,690.85 Mtsc lilt Rev Rcpts 10.719,529.61 Customs repts. mo. to dai 24,021.971.81

Foreign Exchange

(By Abbott. Hoppin Sc Cos.) —Jan. 2 Close. Sterling. England sls Franc, France 06°1 Lira. Italy 0833 Belgies, Belgium 2205 Mark. Germany 3782 Guilder. Holland 6375 Peseta, Spain 1305 Krone, Norway 2590 Krone, Denmark 2300

Daily Price Index

By Vnited Press NEW YORK. Jan. 2.—Dun & Bradstreet’s daily commodity price index of thirty commodities compiled for the United Press: (1930-1932 Average. 100) Today .101.50 Friday 100.59 Week ago 100.23 Month ago 99.70 Year ago 70.17 1933 High (July 181 113.52 1933 Low (Jan. 20) 67.86 (Copyright. 1934, by Dun & Brodstreet,

Federal Farm Loan Bonds

<Bv Blyth & Cos. Inc.) —Jan. 2 Bid. Ask. 4s. Nov. 1. 1957-37 ... 82 83% 4s, May 1, 1958-38 82 83% 4 %s. July 1. 1956-36 83 84% 4 %s. Jan. 1. 1957-37 83 84% 4%5. Mav 1. 1957-37 . .83 84% 4%5. Nov. 1. 1958-38 83 84% 4%5. Mav 1. 1942-32 89 90% 4%5. Jan. 1. 1945-33 86 87% 4%5. Jan. 1. 1953-35 86 87% 4%5. July 1. 1933-33 86 87% 4%5. Jan. 1. 1955-35 86 87% 4%5. Julv 1. 1955-35 86 87% 4%5. Jan. 1. 1956-36 86 87% 4%5. Julv 1. 1953-33 89 90% 4%5. Jan. 1. 1954-34 ... 89 90% 4%5. Julv 1. 1954-34 89 90% ss. Mav 1. 1941-31 95% 96% ss. Nov. 1. 1941-31 95% 96% Home Loan 4s. Julv 1. 1951.... 86% 87%

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. DOMESTIC RETAIL PRICES Anthracite $14.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5.50 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 biu.

On Commission Row

—Jan. 3 Fruits Cranberries —Cape Cod earlv blacks. 25lb. box. $2.60. Grapes Semi sawdust, 24-lb. lug. $2.75. Pears—• Washington A’Ajou. 90-1655. $2.50: Avascados. Fla . 16-16s, crate. $1.75. Strawberries —Florida. 20c per'pint. Bananas—Per pouna, 5%c. Apples—Wealthy, Wolf River. Grimes Golden. Jonathan, Florida. $1.25®.1.85 a bu.. fancy Stavmans. $2.25 a box. Grapefruit— $2.75® 3.75. Oranges—California Navels, $4.25 a box. Lemons—36os, $6.25. Vegetables Cabbage—Eastern Danish. 50-lb. bag. $1 60: new Texas. 70-lb. crate, $4. Onions—lndiana white. 50-lb. bag. $1.35; Indiana yellow. 50-lb. bag. $1.35. Beans—Round stringless, hamper, $2: best. $2.75. Beets —Bulk per bu., $1.15: Texas, new. Peas—3o-lb. hampers. $2.50®2.75. Carrots—California. $2.50 a crate; per doz.. 50c; Michigan. $2 50 per crate, doz.. 60c: bulk, per bushel. sl. Caulicwer California (11-12 c). crate 51.85. Celery—Michigan Mammoth, bushel. 65c; medium bunch. 45c. hearts. $1 15: 15-bunch per crate. $2.25: California. S3 crate. Cucumbers—Florida. $4 bushel: hothouse. 90c per dozen. Lettuce—iceberg best (4-ss) crate, 53.50; hothouse. 15-lb. basket. 75c. Radishes—Hothouse button. 75c dozen. Spinach—New : Texas. SI per bu. Turnips—Per bu.. 85c. Tomatoes—Hothouse. $1.50. Potatoes—Northern round white. 100-lb. bag. S2: R. R. Ohios. 100-lb. bag. S2; 15ib. bag. 35c: Idaho Russets. 100-lb. bag. 52 25; Texas Triumphs, new. $2 50-lb. bag. Sweet Potatoes—Nancy Halls, per bu.. $1.60.

U. S. DEBT GROWS T3 DoY\ays SO I—l A— | 6 020 J—CS, f „ i > LU/- L - 5 , 1 1560 SO 1900 m 21232 527 2931 33 National C ommittee for Economv in Government) From the peak of 526.000.000.000 in 1919. the public debt shown in the solid line was reduced to $16,200,000,000 in 1930. It is now on the way up. reached $23,500,000,000 in 1933. may go to 535.000.000.000 in 1934. Federal expenditures, shown in the dotted line, vary with the public debt. Ordinary expenditures have been cut during the last year but extra-ordinary expenditures, to finance the new deal, contributed a $2,097,000,000 deficit during the first six months of the fiscal year starting July, 1933, according to the national committee for economy in government.

THE INDIANAPOLIS TIMES .

Chicago Stocks —By Abbott. Hoppln & Cos i “ Total Sales. 12,000 Shares —Jan. 2

High. Low. Close. ’ Advance Aluminum 24 Asbestos Mtg 3 1 3 1 , 34 Bast.an-Bles'sing .. 64 Bendix Aviation 174 17 174 Borg-Warner 224 22 22 Butler Bros 44 4‘- 44 Cent 111 Pub Serv. pfd 124 (Cent 111 Securities, pfd s'i I Cent Pub Util 4 I Cent tc So West 4 4 4 i Cent Sc So West pfd 44 4 44 j Cent Sc So W P L pfd. 9 5 1 2 6 Chi Sc North Western.. 74 74 74 Chi City & Con Rys 4 Chicago Corp com 24 24 2-2 Chicago Corp pfd: ... 23 Cities Service 2 14 14 Club Aluminum .. ... 4 Commonv e;. Ith Edison. 36 344 354 Consumers 6 r . Pr pfd.. .. ... 2 1 Consumers 7 r i pfd .. 14 i Cord Corp 74 7 1 Crane Cos f Great Lakes Aircraft... 14 4 14 Great Lakes Dredge.... 21 4 20 a 21 Grigsbv-Grunow 4 4 4 Hail Priming 4 34 4 Houdaille-Hershey A’. 114 114 114 Illinois Brick ... 4 Jefferson Elec 4 Libby-McNeil Lynch Corp . 32 4 32 32 Marshall field 134 134 134 McQuay-Norris 404 McWilliams Dredging Cos 144 Meadows Mfg Cos com.. .. ... 4 Middle West Util ... 4 Midland United 4 4 4 Mosser Leather 10 94 10 National Leather ... 1 I National-Standard ... 21 National Union Radio.. 4 4 4 : Noblitt-Sparks Ind Inc. 13 124 124 North Amer Light & P .. ... 14 Northwest Bancorpora.. .. ... 44 Peiftodv Coal B 1 4 4 Pines Winterfront ... 1 Public Service N P , . 144 134 14 Public Service 6% pfd. . ... 34 Public Service 74 pfd 384 Quaker Oats 122 1194 122 Quaker Gats pfd ... 115 Sears Roebuck 434 424 434 So West L & P pfd 164 Standard Dredg Cos .... w ... 14 Standard Dredg Cos pfd. %'2 34 44 Swift & Cos 144 144 144 Swift International ... 27% j Telephone Bd & Sh pfd 74 Thompson JR 64 : Utility & Ind 4 Vortex Cup Cos - ... 84 Vortex Cup Cos A ... 254 Walgreen Cos com 18V 18 18 ■ Walgreen Stk Pur Warr . ... 14 ’Ward Montgomery A . 90 89 90 ; Zenith Radio ... 34

Bright Spots

' By United Press Melville Shoe Company reports j sales for four weeks to Dec. 23, of $2,307,892, up 22.4 per cent from similar 1932 period. Norwich Pharmacal Company dej dares extra dividend of $1 a share. Chemical Bank and Trust Company reports deposits on Dec. 31 I were 5327.395.000, up 83,000,000 from end of 1932. Bon Ami Company declares extra dividend of 50 cents a share on class j (B) stock. Glidden Company reports net I profit for year ended Oct. 31 of $1,432,863, against $531,435 in pre- | ceding year. Carnation Company declares . dividend of 50 cents a share on common stock, first payment since last July. Atchison, Topeka and Santa Fe reports freight loadings for the week ended Dec. 31, of 13.393 cars, up j 4 per cent from like period in 1932. Births Girls Richard and Dorothy Rusche. Methodist hospital. Richard and Dorothy Mills. 928 N. I Tuxedo. Boys i Herbert and Esther Cochrane, 223 W. j 30th. Roy and Florence Wallace. 1539 Kappes. Walter and Bertha Boger. 921 Bucnanan. Stephen and Ardelia Hutcherson. 3215 Nicholas. Deaths Anna Scher, 43. Central Indiana hospital. hypostatic pneumonia. Mildred Justine Jones, 26. Methodist | hospital, acute rheumatic fever, j Eliza Masner. 78. 1110 S. Pershing, carI cinoma. i Joseph Richard Clark. 44. City hospital, brain tumor. Jennie Cecil Washburn. 45. City hospital, diabetes mellitus Hez H. Oldham. 81, 1041 Woodliiwn, cerebral hemorrhage. Walter Stonebraker, 52. Long hospital, multiple liver abscess. Rebecca Greilich. 84, 1133 N. Arsenal, cerebral hemorrhage. Mary B. Kepper, 75. 61 East McCarty apoplexy. j Frank D. Kennedy, 22. 4456 Central, lobar pneumonia. Lucile Us rd wick, 44. 10474 N. West, myocarditis. Mary Edith Hamm. 5. St. Vincent hospital. influenza. G Morgan Smith, 54. St. Vincent hospital, cerebral hemorrhage. Corda R. Gray. 58. Methodist hospital, cerebral hemorrhage. Robert C. Bennett. 71. 3858 College, acute dilatation of heart. Charles P. Swiggett. 54, 3204 E. Washington. coronary occlusion. Flossie Taylor. 45, 1420 Naomi, hypostatic pneumonia. John O Alridge. 30. 39 Frank, acute myocarditis Violet A. Patterson. 24. 25 West 28th. coronary thrombosis. Mary Williams. 50. City hospital, arterio sclerosis. Arthur E Harms. 67. 910 West New' York, chronic myocarditis. Milmot E. DeVore, 76, 1704 Spruce, apoplexy. Charles Kelly. 13. Riley hospital, broncho pneumonia. Emmett Laye. 41. Veterans hospital, cerebral hemorrhage I Elmira Ella Alexander, 71, 2834 East 18th, broncho pneumonia. Anna Blythe. 48, City hospital, intestinal obstruction. Huston Crutcher. 55. City hospital, chronic myocarditis. Clara Taylor. 62, 414 West 16th Place, gangrene of foot. Mollie Washington. 48. City hospital, lobar pneumonia Faith Shannon. 4 mo.. 2218 Sheldon, broncho pneumonia. Victor Williams. 2 days. 1131 Cornell, premature birth. Aldo Jackson. 55. City hospital, aortic insufficiency. Alice Williams. 57. 422 Toledo, lobar pneumonia. Sarah McLaughlin. 90, 2152 Ralston, chronic myocarditis. Cora MoKie. 38. City hospital, coronary thrombosis. Lucy Stewart. 85 Central Indiana hospital. hypostatic pneumonia. Grace Jackson Torebaugh. 64. 650 East 22nd. arteriosclerosis. Margaret Day. 69. 2411 Hovey. apoplexy. Edward Francis Steinhardt, 58. 301 N. Warman. chronic interstitial nephritis. Etta Dverbey, 73. 3033 N. Illinois, broncho pneumonia Lydia Sollidav, 72. 2897 Sutherland, myo- ; carditis. CHICAGO FRUIT MARKET j Flu Vnited Press i CHICAGO. Jan. 20.—Apples—Michigan Jonathans. $1.35 q 1.50: carrots: Illinois. 50 | i|6sc. spinach: 75c5£51.25: beans: Southern green. $1.50® 2.25: mushrooms. 15® 25c: mushrooms. 15'? 25c; cucumbers: Southern s2® 2.50. Tomatoes—Florida. $2 50® 3.25: Illinois and Ohio hothouse. SI "a 1.25. Leaf Lattice: Illinois hothouse, 15c. ■ Celery— Michigan. 65c /$1.35. Cabbage—Wisconsin, j $2.25® 2.75. Sweet Potatoes—lllinois. 51.25 j 1 1.50: Indiana. 51.50® 1.65. Onion Martket—Western Valentias. $1 05Q1.15; central Western Yellows. $1.05®1.15.

HOG PRICES UP 5 TOl5 CENTS AT CITYYARDS Cattle Market Shows TwoWay Action: Lambs Unchanged. Early strength prevailed in hog trading at the Union Stockyards this morning, practically all classes moved around 5 to mostly 15 cents higher than yesterday's average. Most grades showed little action. The bulk, 160 to 275 pounds, sold for $3.50 to $3.65. Heavy weights scaling from 275 pounds and upward were salable at $3.30 to $3.40, while 130 to 160 pounders brought $3 to $3.25. Light slaughter pigs weighing 100 to 130 pounds sold at $2 to $2.75. Receipts were estimated at 9,000. Holdovers, 292. Two-way action developed in the cattle market, Beef steers, light weights and yearlings were strong to slightly higher than the previous session, while other grades were tending lower. Best yearlings were available at $6.25 to $6.50. Few heavy classes of cattle sold at $4.75 to $5. Receipts numbered I. Vealers continued weak and moved around 50 cents lower than yesterday, selling at $6 down. Few choice kinds were salable at $6.50. Receipts were 700. Steady trading featured lambs, with better grades salable at $7.50 to SB. Throwouts ranged down to $4. All other grades held inactive. Receipts were 700. Initial asking on hogs at Chicago was mostly 10 cents or more higher than the previous average. Few sales held about steady at $3.50 down. Receipts were estimated at 30.000, including 8,000. Holdovers, 2,000. Cattle receipts numbered 11, calves, 2,000; market weak. Sheep receipts were 15,000; market strong. HOGS Dec. Bulk Top Receipts 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 a.OOO 30. 3.35® 3.50 3.60 12,000 Jan. 2. 3.35® 3.60 3.60 12.000 3. 3.50® 3.65 3.65 9.000 Market, higher. (140-160) Good and choice $3.10® 3.25 —Light Weights—-(l6o-1801 Good and choice.... 3.65 (180-200) Good and choice. .. 3.65 —Medium Weights—--1200-2201 Good and choice.... 3.60 (220-250) Good and choice.... 3.55® 3.60 —Heavy Weights—-(2so-290) Good and choice.... 3.45® 3.50 (290-350) Good and choice.... 3.35® 3.45 —Packing Sows—(3so dowm Good 2.60®’ 2.85 1350 up) Good 2.50® 2.75 (All weights) medium 2.25® 2.50 —Slaughter Pigs—-(Too-1301 Good and choice.... 2.00® 2.75 CATTLE Receipts, 1,300; market, steady. (1.050-1,1001 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 (750-9001 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, lower. Good and choice .$ 6.00® 6.50 Medium 3.50® 6.00 Cull and common 1.50® 3.50 —Calves—-(2so-500) Good and choice 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 (800-1,5001 Good and choice 3.75® 4.75 Common and medium 2.50® 3.75 SHEEP AND LAMBS Receipts, 700; market, steady. (90 lbs. down) Good & Choice $7.50® 8.00 (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® 300 Common and medium I.oo® 2.00 Other Livestock BY UNITED PRESS FT. WAYNE. Jan. 3. —Hogs steadys to 5c higher: 180-200 lbs., $3.55; 200-250 lbs.. $3.4; 250-300 lbs. $3.35; 300-350 lbs., $3.20-150-160 lbs., $3.15; 140-150 lbs., $3.05; 130-140 lbs.. $2.95: 100-130 lbs.. $2.50: roughs. $2.50: stags, $1.50. Calves, $6: lambs, 57.50, EAST ST. LOUIS. 111.. Jan. 3.—Hogs: 8.000. Market 15 to 25c higher; later trade active to all interests at full upturn: sows and pigs showing advance: some pigs unsold. Bulk. 160-325 lbs., $3.50® 3.60; one load, $3.70: 140-150 Ibc., $3.10® 340: 100-130 ibs., $2.15® 2.90; bulk sows, $2.35® 2.60. Cattle: 2,500. Calves: 1.200. Market not fully established on steers; receipts light and a few early sales about steady with most sellers asking higher; mixed yearlings, heifers, cows and bulls steady; vealers 25c lower with top kinds $6.00. A few steers $3.00®5.65: mixed vearlings and heifers, $4.00®5.00; cows. $2.15®2 75low cutters. $1.25® 1.65: top sausage bulls'. $3.00. Slaughter steers, 550® 1.100 lbs., god and choice. $5.25®6.25; 1,100-1,500 lbs., choice. $5 25®'6.25; common and medium, $3.00® 5.25; good, $4.50® 6.00; medium. $3.75® 5.26. Sheep: 1.200. Market: no early action: packers talking lover on lambs: generally asking fully steady to strong; holding better lambs above $7.75; indications steady on throwouts and sheep. Lambs. 90 lbs., down, good and choice. $7.25® 8.00: common and medium. $4.50®7.50; yearling wethers. 90-110 lbs . good and choice. $4.75®6 50; ewes, 90-150 lbs., good and choice. $1.75®3.00: all weights com mon ana medium, $1.00®2.25. By Times special LOUISVILLE. Jan 3.—Cattle, 250; most- I ly steady; bulk common to medium steers and heifers. 53.50®4.50: better finished fed kinds eligible t 055.50, and above- j bulk beef cows, $2.00®2.50: good smooth kinds eligible to 53.06; low cutters and j cutters, 51.25®1.75: sausage bulls quotable I mostly $3.00 down; bulk common to ! medium native stockers and feeders. 52.50 ! ®3.50. Calves 300; mostly 50c lower; I bulk better vealers, $4.50®5.00; medium j and lower grades. $4.00 down. Hogs. 1 800: weights from 140,-175 lbs., 20c higher: j all others 10c. up: 160-250 lbs.. $3 75- 275 1 lbs., up. *3.45: 140-175 lbs.. 53.45: 110-135 lbs.. $2.60: 106 lbs., down, $1.95; sows. $2.45; stags. $1.20. Sheep. 50: steady; ! most medium to good lambs. *5.50® 6 00: j choice kinds to 56.00: bucks subject to the i usual SI.OO discount; throwouts. $3.50; ! desirable ewes, 52.00. POLICE ARREST RvF IN APARTMENT RAID Pistols and Blackjack Captured With 3 Men: 2 Girls. In a raid on an apartment at 617% North Illinois street early today, police arrested five persons, two of them women, and seized two pistols and a blackjack. Those arrested were the Misses Betty and Billy Laßue, 22 and 19 respectively, 109 West St. Clair street; James Miller. 47, and John Durant, 21, both of the North Illinois street address, and Vick Dye, 24, of Columbus. The pistols and the blackjack were found in a rear room of the apartment. The prisoners all were charged with vagrancy and held in pigh bond. Impersonator Here Sunday An impersonation of the Hoosier Schoolmaster,” by Noah Beilharz, will open the winter Big Meetings, conducted by the Y. M. C. A., at the Masonic temple at 3 Sunday. Mr. Beilharz is noted for his impersonation of the well - known

Today and Tomorrow

Substantial Evidence of World-Wide Business Recovery for 1934 Is Shown. BY WALTER LIPPMANN

IN the comment at the turn of the year on the prospects for 1934 there are two dominant themes. One is that throughout the world there are substantial evidences of recovery. The other is that the monetary policy of the United States Is so uncertain as to disturb confidence and impede recovery. It is not denied that contemporaneously with the American policy there has been progress towards recovery. But a large majority of the commentators who write from the financial capitals of the world say or imply tnat there would have been more recovery if the dollar had been kept fastened to gold; in other words, that

there is recovery in spite of our policy. Now, it undoubtedly is true that uncertainty is bad for business, and that a lasting recovery requires confidence in the stability of money. Nobody in his senses would argue that it is desirable to keep the markets guessing as to what is going to be done with the dollar. But what can, I think, be maintained with a good deal of force is that at the year's end we were nearer to a sound monetary position than we were at the beginning, that in spite of the bewilderment and the speculation we have better money today than we had twelve months ago. The critics of the dollar see that it is depreciated about 37 per cent from its former gold value. This shocks and frightens them. What they do not seem to see is that virtually all the other currencies which are used in international trade are depreciated by approximately the same amount. If the dollar were not de-

preciated, it would, therefore, be abnormally valuable compared with practically all the other moneys in which the business of the world is conducted. The only currencies which are not depreciated from their 1929 value are those of France, which, in 1929. had about 6 per cent of the world's trade; the Netherlands, which had about 3 per cent; Italy, which had about 3 per cent; Switzerland, which had a little more than 1 per cent;

Czechoslovakia, which had less than 2 per cent. ana T OMIT Germany, because the foreign trade of Germany is carried on in depreciated reichsmarks. We shall not be far wrong in saying that four-fifths of the world's trade is done in currencies which are depreciated by about 35 per cent or more. Now, why should it be considered dangerous to put the dollar on a level with the money in which four-fifths of the world's trade is done? Take the relationship between the dollar and the pound. For a century a pound has been worth $4.86. In March it was worth about $3.40. In December it was worth about $5.15. Which was the more “abnormal?” A pound worth 30 per cent less than it has been for a hundred years, or a dollar with 6 per cent more than it has been worth for a hundred years? I do not mean to minimize the inconvenience and disturbance of violent fluctuations. But if there is any “normal” relationship between the pound and the dollar it is much more likely to be the one which prevailed for a century than the one which prevailed for eighteen months in the midst of a world depression. So I think that it is at least arguable that the present relationship is more nearly normal than that which existed last winter. I am confirmed in that belief by the fact that under the present relationship both Britain and America are doing more business. It will take a lot of proving to show that world trade, which has actually increased. has really been hurt by the realignment of the dollar. None of this is intended as a claim that the monetary problem is solved and settled. It is a claim that we have made real progress. And if we are looking for trouble, for truly “abnormal” monetary conditions, the place to look, I suspect, is not in the United States, but in the gold standard countries of continental Europe and in the silver and paper countries of Asia. a a a IN relation to the trade of the world, the franc and the lira are probably too valuable, the Japanese and Chinese moneys are probably too cheap. The over-valued gold currencies of France and Italy are likely to prevent those two countries from participating in, and contributing their full share to, the revival of world trade. The excessive depreciation of the Asiatic currencies is probably destructive of certain kinds of prices. In any event the dollar today is in a reasonable relationship with the major curencies of the world, a little cheaper than the British pound a little dearer than the Australian and Scandinavian money, on an equality with the Canadian. Why such a relationship of approximate equality with our chief customers and competitors should be regarded as fantastic is rather hard to understand. I can understand why a currency which is radically out of alignment with other currencies should be suspected. But why the world should damn the dollar which is now approximately realigned with its currencies, why it should be held to be dangerous to be nearer the old parity of exchange, is something that the alarmists ought to explain. It is interesting to note that the realignment of the dollar has coincided with a revival of world trade and that this revival is in its turn producing tangible evidences in Washington of a renewed interest in the lowering of tariffs. O tS t A YEAR ago. following the lead of most economists. I believed that world recovery would have to be initiated by reducing tariffs. But what we got was higher tariffs everywhere. I now see, or think I see, what was wrong with that theory. It put the cart before the horse. In order to reduce tariffs you have to raise prices and revive trade. For as long as prices are fall- 1 ing and trade stagnating, the peoples will insist in raising tariffs as

In the Cotton Markets

—Jan. 2 CHICAGO High Low. Close. January 10.33 March 10 50 10 44 10 47 May 10.65 10 59 10.63 July 10.79 10 75 10.77 October 10.97 10.93 10 97 December 11 08 NEW YORK January 10 29 10.20 10 28 March 10 43 10 35 10.42 May 10.59 10.52 10.57 July 10 73 10.66 10.72 October 10 93 10.84 10 92 December 11 07 11.00 11.07 j NEW ORLEANS January ~ 10 26 March 10 39 10 32 10 39 May 10 56 10.48 10 55 July 10.71 10.84 10 71 October 10 88 10 82 10.88 December 11.04 11.00 11.04 NEW YORK COFFEE FUTURES —Jan. 2 SANTOS High Low, Close. January 8 73 March 9 10 9 07 9 08 Mav 9 27 9 24 9 26 July 9 38 9 34 8 38 September 9 70 9.66 9 70 : December 0.80 9.78 9 SO RIO January ... 6 34 March 6 52 6 47 6 48 ; May 6.65 6 62 6.63 July 6.60 6.77 6.77 ! September ... ... 6.87 December ... ... 6.97

lb jr j

Lippmann

a defense against unsalable surpluses. Though I have made no exhaustive study of the subject. I wonder whether our own history does not show that tariffs are raised as a result of depression and deflation and lowered after periods of prosperity and rising prices. The tariff was reduced in 1913 after a long period of rising prices. It was raised in 1922 after the great deflation of 1921. It was raised again in 1930 when the general depression had set in, and after years of depression in agriculture. About the earlier history I speak with hesitation. But did not the depression of the nineties bring a high tariff in 1897? Did not the relative prosperity of the late eighties produce a low tariff sentiment? Did not our first strong movement for protection start after the crisis of 1519? Did we not have a relatively low tariff policy in the forties and fifties? I wish someone who knows the history of these things would study the rise and fall of protectionist sentiment in its relation to deflation and to expansion. a a a AFATER all. it is not hard to see why people should want tariffs when prices are falling. They want to exclude foreign competition and maintain employment. Nor is it hard to see why they want lower tariffs when prices are rising and employment is good. They want foreign competition to reduce the cost 6f living and they are willing to buy more abroad in order to sell more abroad. So it is altogether reasonable that, having arrested the deflation in the United States, the Administration. which was highly “intranational” last spring, should now be showing interest in low tariffs and more foreign trade. The policy of self-containment is often explained in fine language and with great idealism. But for the people at large it is a policy which is based partly on fear and partly on sour grapes. When business is contracting, the people fear foreign business; when they can not sell their goods abroad, they listen to those who tell them they must not hope to sell their goods abroad. The moment the underlying situation changes this mood changes, too. And there is good reason to think that we are witnessing such a change. (Copyright. 1934)

Produce Markets

Delivered in Indianapolis prices—Hens. 10 zc; Leghorn hens, 7%c; heavy springers over 5 lbs.. 11c: under 5 lbs.. 9c; Leghorn springers, 7c: cocks. 5 lbs. and up. sc: under 5 lbs.. 4c; ducks. 4% libs, and over. lull feathered and fat. 6c; under 4% lbs.. 4c; geese, full feathered and fat. 6c. Turkeys—No. 1 young hens. 8 lbs and ?r er - J lc; No 1 s'oung toms. 12 to 20 lbs.. 13c; No. 1 young toms over 20 lbs.. 13cold toms 10c: No. 2 thin crooked breasted. 6c: young guineas. 1% to 3 lbs 35c; old guineas. 25c; No. 1 strictly fresh country run eggs loss off. 18c: each full egg case must weigh 55 lbs. gross; a deciucction of 10c a pound for each pound under 55 !bs - will b e made. Butter—No 1 25a26c; No. 2, 224J23c. Quoted by the Wadley Company. Marriage Licenses Charles Reese Fitchey. 21. of 810 North Luett avenue, drug store, and Kathrvn Mae Pence, 19. of 835 Collier avenue housekeeper. A. Eston Sowers. 24, New York restaurant. and Ethel Bruce. 21. 626 Massachusetts avenue. Real Silk mills. Newton L. Silver. 26. De roit. accountant and Rosalind Smith. 26, of 3350 East Fail Creek boulevard, housekeeper. Joseph E. Searcy. 22. of 22., 0 Union street. Corona Tvpewriter Company, and \ lrginia Berry. 19. R R. 10. Box 282 housekeeper. Leo Crister. 49. of 2817 North Denny street train brakeman, and Mable Boefnng, 27. of 2817 North Dennv street, housekeeper. Russell C Pennington, 25. of 323 North Graham avenue. New York Central railroad. and Harriet Lindeman. 20. of 340 Eastern avenue, housekeeper Robert B Hudson. 20. of till Lexington avenue, truck driver, and Phvili., Parish 19. of 1547 Villa avenue, soda clerk Kenneth Mark. 26. of 14. U King avenue, machinist, and Thelma Wheeler. 25 of 940 East Fortieth street, clerk. Artie Wilson. 22, Louisville Kv.. laborer and Viola Beach. 21, of 1853 South Calvin street, milliner. Lonzie Whitlow, 25. of 911 South West street. Armour A Cos.. and Amedia Justice, 30, of 914 Chadwick street, housekeeper. Paul M. Brooks. 24. of 1126 Central avenue, shipping clerk, and Ruby Deel. 22. of 2130 Linden street, clerk. George Lee, 22. of 1432 Hoyt avenue machinist, and Mvrtle Livingood. 21 of 3007 East Washington street, housekeeper. Donald Conrad. 26, Ft. Benjamin Harrison. soldier, and Evelyn Harper. 23 of 119 East Ninth street, clerk. William Fogleson, 25. of 709 Davidson street, clerk, and Lora Wolfe. 19. cf 709 Davidson street, housekeeper Robert Gunther. 22 of 02l East Sixtieth street, salesman, and Elizabeth Sutter 26 of 521 East Sixtieth street, housekeeper. Benjamin 36. of 280 E North Illinois street, lawyer, and Myrtle Bannon. 34, of 3102 North Illinois street, interior decorator. Warren A Foy. 26. R R 17. Box 162-F engineer, and Helen Smilev. 23. of 445 North Gladstone avenue, cashier Clarence Rider. 25. of 323 South Dearborn street, butcher, and Edythe Decker. 23. 0 1 1317 Fletcher avenue, saleswoman Wiiliam-E. Phillips 22. of 522 A.ton avenue. and Nancy Louise Scott. 18. of 221 South Holmes street, housekeeper. Walter Hopktns. 26. F* Benjamin Harrison. sojdier. and Leona May Hoffman--2020. 547 Concord street, housekeeper Frank Robinson. 34. of 615 West Vermont street, domestic servant, and Mavme Burris. 33. 832 West Tenth street, housekeeper. Phiiip B P-eed. 28. citv hospital, physician. and Genevie.e Pickrei; 31 3060 North Meridian, manager, sanatorium Harold C. Gaiyean. 25. 722 North Highland avenue, machinist, and Virg.r.ia Fisher. 19. 1143 South S’ate stree’ clerk John Drake. 22. 920 Sou'h West streefarmer, and Maxine Wilson 20 718% South West street, housekeeper Phillip Sarver, 53. Owtngsville. Kv.. minister, and Phoebe Gilular.d. 43 of 1820 Pierson avenue, housekeeper Lawrence Chadwick. 21. of 906 Beecher street, truck driver and Martha Hinds 19. of 16 West Minnesota street, housekeeper. Harry Wilson. 52. 1132 Lexington avenue. machinist and Maude Walton 51. 5040 Lexington avenue, nurse. John W. Peacock. 26 1309 Blaine avenue. clerk, and Ruth West. 22. 1745 Lambert street, housekeeper Paul G. Payne. 26. 724 Lord street, chauffeur, and Beulah Bur’on 21. 513 South Senate avenue, ho’ sekeeper.

PAGE 15

GRAIN MARKET i IRREGULAR IN SMALL LIMITS Oats Advance Fractionally; Wheat. Corn Mostly Steady. BY HARMAN W. NIC HOLS l nited Press Staff Correspondent CHICAGO. Jan. 3. —Wheat opened about unchanged on the Chicago Board of Trade today, showing a fractional range. % cent above to 4 cent below the previous finish. The May future was off \ cent at 84% cents. July was up % cent at 84 cents, and September, in which trading started for the first time yesterday, was unchanged at 85 i cents. Corn opened unchanged, oats were up % to % cent and provisions were strong. Liverpool was fractionally strongj er than due. Chicago Primary Receipts —Jan. 2 Bushel*— I Today. Last week. ~Ji* a 434.000 985 000 ; ° ats 163.000 165.000 Chicago Futures Range —Jan. 3 I WHEAT- Prev. High. Low. 10 00. close. ! M a >’ 85% 84% 85' 3 ,84 T 4 : s,e P t .85% .85', .85% 1 CORN—--3®? y 52 51 s , .52 51 % S4 . ■*.• ffi OATS— * July .36 *, 36 .36 36 . : May 37*8 .37% 37', 3714 RYE—jua,V 58,4 -M'a .58% .58% Julj 60 H .60% BARLEY— May 53’, 53% .53% .53% ST LOUIS CASH GRAIN By Vnited Press f‘J Jan 2 —Cash grain. Wheat —ln good demand steads to %c higher* No 1 red. 89%c: No. 2 fed 88%c Nn i red 83 ®BB %r; No. 2 red garlicky. 88c|X?,- 3 . ear! ‘ekv 846 ÜB6c: No. 1 hard! i % c ’ JJ 0 ' 2 har d. 86c. nominal: No 3 , hard. B,c: sample hard 75c. Corn—ln : good demand 1% to 2c higher: No 4 | mixed new 47c: No. 2 yellow, 50c; No. 3 vellow. 48 •2 v 49c: No 4 yellow, new. 4<%c: No, 4 yellow, old 49c: No 2 white I new. 50c: No. 3 white. 50c Oats—ln lair demand. %c higher: No 2 white 38%cNo. 3 white. 38c: No 3 mixed. 39c; No. 4 mixed. 36c. CHICAGO CASH GRAIN By Vnited Press CHICAGO. Jan 2 Wheat— No 1, dark northern. 86c. Corn—(old) No 2 yellow-. 50%c; No. 3 yellow. 49%®49%c; mew) No 3 mixed 46c; No 4 mixed. 45%c; No. 3 yellow. 49%c; No. 3 yellow. 48'5 48%c: No. yellow. 46®.47%c: No. 5 yellow, 45%C; No 3 white. 48® 49%c; No. 4 white 47%c- ---' sample grade white. 20fi30c. Oats—No £ i white. 37%® 38c: No. .3 white, 36%®37%c; iNo 4 white, 35%c; sample grade white, i tOc Rye—No sales. Barley —46® 81c. TimI othv j Cash Provisions—Lard. $5 40: loose. $4.72' j leaf, $4.75; S. bellies, $5.75. TOLEDO CASH GRAIN I By United Press TOLEDO. Jan. 2 —Grain close. (Grain ;n elevators transit billing ' Wheat—No 1 red. 88® 85c. Corn—No 2 yellow, 53® 54c. Oats—No 2 white. 40%®41%c. Rye jNo 2. 66%®67%c (Track prices. 288 c ! rate.) Wheat—No. 1, 84®84%c; No 2 i cod. 83® 84c Corn—No 2 yellow. 48® 50c: No. 3 yellow, 46 %® 48c. No. 4 yellow, 45 %® 46%c: No. 5 yellow. 44%®45%c Oats—No 2 white. 37%®3%c; No. 3 white. 37®38c. Toledo seed close: Clover —March, $8 25. Alsike—Cash, $8.50. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 77 cent* lor No. 2 soft red wheat. Other grade* on their merits.

Indianapolis Cash Grain'

—Jan. 2 ' The bids for car lots of grain at th* call of the Indianapolis Board of Trade, f. o. b shipping point, basis 41 % New York rate, were; Wheat—Firm: No. 1 red. 8045 81c; No. 1 red. 79®80c; No. 2 hard. 79580 c. Corn—Strong: No 3 white 41 %4542%c; No 4 white, 40'.4j41%c; No. 3 yellow, 4145 42c; No 4 yellow. 405 41c: No. 3 mixed. 404541 c; No. 4 mixed. 39g40c. Ooats—Firm; No. 2 white. 33534 c; No. 3 white. 324533 c. Hay—Steady; (f. o b country points taking 23%c or less rates to Cincinnati or Louisville': No 1 timothy, $7.50®,8; No. 2 timothy, $73 7.50. —lnspections Wheat—No 1 red. 1 car; No. 2 red, l car; No. 1 hard. 7 cars; No. 2 hard. 7 cars: Total, 16 cars. Corn—No. 2 white, 1 car: No 3 white. 6 cars; No. 4 white, 2 cars: No 2 yellow. 34 cars; No. 3 yellow, 14 cars; No. 4 yellow, 12 cars: No. 5 yellow, 2 cars; No. 6 yellow-, 1 car: Sample yellow, 1 car; No. 3 mixed, 3 cars; No. 4 mixed, 1 car: total, 77 cars. Oa's—No. 2 white. 18 cars; No. 3 white, 6 cars; No 4 white. 3 cars; Sample white, 1 car; total. 28 cars. NOTED WHITE RUSSIAN BECOMES U. S. CITIZEN Georgetown Professor’s Move Balks Deportation Threat. By I'nitt <1 Prct* WASHINGTON, Jan. 3. Dr. Leonid Strakhovsky, self-made man without a country for more than a decade, has become an American citizen. After fleeing Russia when the Bolsheviks took charge. Dr. Strakhovsky came to Georgetown university, where he taught political history and waited tor the czarists to resume control of Russia, so that he could resume his old place as scion of a prominent white Russian family. His wait was in vain. When the Soviet government was recognized by the United States, instead, he was faced with deportation to his homeland in disgrace as a political offender. He scotched that threat by applying for his second citizenship papers. Yesterday he became an American citizen. COSMETICIANS CONVENE Social Program for New Year Is Discussion Topic. Members of the American Cosmeticians Association. Indianapolis chapter, met last night at the Lincoln. Plans for the coming year were discussed and social activities outlined. Miss Irma Zook, president, presided. AUTO YIELDS S9O LOOT Clothing Stolen From Car Parked At Downtown Corner Smashing a window, thieves stole clothing valued at S9O from a car parked at Delaware and Market streets last night, according to J. W. Collins, 27, of 2735 North Meridian street, the owner. In the Air Weather conditions at 9 a. m.: Southeast wind, 11 miles an hour; temperature. 27; barometric pressure, 30.36 at sea level; general conditions. overcast, light clouds; ceiling, estimated 1,000 feet; visibility, two miles. Police Arrest Burglary Suspect Detectives yesterday arrested James Gillewatcr, 34, Negro, on charges of burglary in connection with the theft of various articles from the home of Harold W. Taylor, 34 East Forty-filth street.