Indianapolis Times, Volume 45, Number 205, Indianapolis, Marion County, 5 January 1934 — Page 26

PAGE 26

New Year Seen as Open Season for Debunking Activities: Jones Takes a Shot at Price Indexes. “ BY RALPH HENDERSHOT Time* Special Financial Editor

Indications arc that the r.cw year will present a full twelve months of open season for debunking’ operations. President Roosevelt fired the first shot as soon as he took office last March by calling the bankers money changers, and the shooting has been going on ever since at a gradually accelerated pace While those who have been used as targets have not enjoyed themselves especially, the practice would seem to be bringing good results. The college professors were elevated to chief gunners on the early debunking parties as a result cf having been selected to man the President's brain trust. The still occupy a prominent position, but of late they have been drawing some return fire. It seems that, some of those who were not

invited to the parties have been inclined to throw seines through the windows. President Roosevelt has been depending to an important degree on Professor Warren of Cornell to carry out his gold-buying program. The professor, it seems, had been working for years to fit himself for just such a job. Professor Irving Fisher of Yale has consulted a great deal, his chief contribution being nis commodity price index figures. Nicholas Murray Butler of Columbia has given his moral and vocal support to the general idea. OSO Sees Faulty Economic Foundations But now one of Mr. Butler’s associates, Bassett Jones, research associate in industrial engineering at the university, comes along and says that Professors Fisher and Warren have built their theories and contentions on economic foundations which are faulty, to say the least. He feels so strongly on the subject that he has written a booklet —“Horses and Apples”

Ralph Ilendershot

•—which seeks to tear down all figures and computations which are advanced as measuring sticks of prices and values in the aggregate. Mr. Jones has been sponsored in economic society by none other than Stuart Chase, who described his book, “Debt and Production," as a “greater contribution than any single individual has made to economics for a long time.” A hurried reading of his latest offering would indicate that he might have something to sell if he were to put it over properly. He uses simple English, but he employs it in such a complicated fashion that the average layman is not likely to read all has to say. a a a a a a Can’t Add Horses and Apples The chief point made by Mr Jones is that one can not add horses and apples or strike an average price for them. He would seem to be on perfectly safe ground in making the assertion, and it may be that he has struck at a very fundamental weakness in the entire system of setting up price indexes. But the average man might very well feel that things are happening far too rapidly in this country to devote much time to study such passages as the following: “Since the per cent production of horses is found by dividing one number of horses into another number of horses, and similarly for the per cent reduction of apples, the arithmetic mean of these two amounts to one-half the sum of two products of horses and apples divided by the Bum of horses and apples. “However, let us assume that the value added to horses during the base year is $25,000 and apples $15,000. The total value added during the base year is the supi of these two, etc., etc.” Why wouldn’t it be a good idea to shut about fifty prominent economists into a room, as they do a jury, and leave them there until they had arrived at a common agreement as to what it is all about, and then let one of their number speak for the group to a competent newspaper man who would interpret their findings? The savings on the readers’ time and paper, ink and printing facilities should appeal even to the economists.

Produce Markets

Delivered in Indianapolis prices—Hens. 10'ic; Leghorn hens. 7V 2 c; heavy springers over o lbs., lie: under 5 lbs.. 9c. Leghorn springers. 7c: cocks, 5 lbs. and up, sc: under 5 lbs.. 4c: ducks. 4' 2 libs, and over, full feathered and fat. 6c: under 4' 2 lbs.. 4c: geese, full feathered and fat. 6c. Turkeys—No. 1 voung hens. 8 lbs. and over, lie: No. 1 voung toms. 12 to 20 lbs.. 33c; No. 1 young toms over 20 lbs., 13c; old toms, 10c; No. 2 thin crooked breasted. 6c: voung guineas, I' 2 to 3 lbs 35c; old guineas. 25c; No. 1 strictly fresh country run eggs loss olf. 18c; 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<ri26c; No. 2. 224123 c. BuUcrfat—llc. Quoted by the Wadlev Company. BY UNITED PRESS CHICAGO. Jan. 5 Eggs—Market firm: receipts, 4,411: extra firsts. 22c; fresh graded firsts. 21c; dirties, 12© 15c: current receipts. 19' 2 c; checks. 124(150. Butter—Market steady: receipts. 7.478; storage extras (92 scorei, 17'.tc; storage standards (90 scorei. 17hc: extra firsts (90-9 1 -- score), 16 ;, 4C: extras (92 scorei. 17‘4C; firsts (88-89 : 2 score', 16', •/16 1 . c; seconds (86-87' 2 score'. 15> 2 c; standards <9O scorei, 17V*c; specials. 17'213 1 <c. Poultry —Market firm: receipts. 28 trucks and 1 car: turkeys, 15c; hens, 11c; Leghorn chicks. 10c; colored springs. 13c; colored Rocks, 14c; roosters. 8c: ducks, 9'czllc; geese 10'-c: black chicks. 8c; Plymouth Rocks, 12 1 2 13c: white Rocks. 12> 2 c. Cheese—Twins. 9 1 24 J 10c. Longhorns. 10 1 10Vic; S. Daisies. 103 10 3 c Potatoes— Supplies moderate*; demand and trading fairly good: market slightly stronger. Wisconsin whiies U. S. No. 1. $1.5531 65, mostly around 5i.60^7i.60: Minnesota Red River Ohios. U. S. .No. 1.1 car. Sl.<s; partly graded. sl.3of* 1.35; Idaho Russets. U. S No. 1. open mug pack._sl 77‘yy 1.8 b; closed mug pack. $1.72'" 1 77 ‘ McClures u. S. No. 1. SI.BO © I.Ba. CLEVELAND. Jan. s.—Butter market — Steady; extras 21c; standards 21c per lb. in tubs. Eggs—Market steady; extra white, 21ci current receipts, ISc; fresh pullets, 15c. Poultry market—Firm; colored fowl. 4 1 2 lbs. and up. 16c; colored fowl, medium. 14'u.lSc: Leghorn fowl, light. 10c; springers. Rock. 5 lbs and up. 16c; Springers, colored, 4 lbs. and up. 14e: springers. Leghorn. 12c; ducks, white. 5 lbs. and up, 154/ 16c, ducks, light, 12c; Geese, heavy, tat. 15c; ordinary. 13c; old roosters, 9c. Potatoes < all quotes based on U. S No. 1 and 100 lb. sacksi—Maine cobblers and Green Mountains, best. $2.25; very few $2 35. fair stock lower: Idaho russet Burbanks. s2© 2.15: partly graded. $1,90; New York best, sl.lO a bushel; Michigan. $1 65 ,1 75. Louisiana bliss triumphs. $1,654/ 1.75 a 50-lb. sack; Colorado brown beauties. $24/2.10; Indiana. $1.75411.85.

20% Discount SALE KAHN lit i HCg O'Coats Made-to-Order $29.50 Fabrics . Now $2360 $39.50 Fabrics . Now S2BOO $35.00 Fabrics . Now s3l 60 $45.00 Fabrics . Now $3600 Despite the fact that woolen prices have doubled, the Kahn 20'; Discount Sale goes on—and nothing is restricted ! But remember, please—the last of our fabrics bought at old levels will be sold in this sale, and then prices are bound to be substantially higher. The assortment is generous and handsome. Your clothes will be tailored for you alone, in latest spring 1934 models. KAHN TAI L.77R1 NTiCG Second Floor Kahn Building Cor. Meridian at Washington

Wall Street

New York Curb (By Abbott, Hoppin & Cos.) —Jan. 4 Close.; Close. Allied Mills .. 7% Great A & P... 123% Alum Cos of Am 72% Glen Alden Coal 11% Am Beverage I%> Gulf Oil of Pa.. 60% Am Cyanide B. 15% Hiram Walker.. 54% A <“c For P War 5*4, Hud Bay Min.. 9 Am Gas & El. . 20 Humble Oil .... 33% Am Superpower 2% Imperial Oil Ltd 13% Asso Gas & El. %• Int Petrol 19% Atlas Corp .... 10% Lake Shore Min 47 Brit Am Tob A 29%'Libby Me Libby 3 Bi lt Celanese.. 3% Mt Producers .. 4% Can Ind Ale A 18% Natl Bellas Hess 2 Can Marc 2% Newmont Min. . 53% Carrier Corp . %Nia Hud Pwr... 5 Cities Serv . . 2%:Novade! Agene.. 59 Common Ed.... 35%'Park Davis .... 22% Con Gas of Bal 53% Penn Road .... 2% Cord Corp .... 6%>St Regis Paper. 2% Creole Petrol .. 10% Sal Crk Prcd . 6% Deere & C 0.... 27% Sherwin Wins.. 47% Distillers Lira.. 21% Std of Ind .... 32 Distillers Corp. 24 iStd of Ky 15’/ 4 El Bond & Sn. 11% Technicolor Ind 8% fisk Rubber 9% Teck Hughes Gd 6% Ford of Can A. 15% Un Gas 3% Ford of Europe 6V.1 Un Pwr & Lt A 2% Gen Aviation s%iWr Harg Min... 7%

Federal Farm Loan Bonds

(By Blyth & Cos.. Inc.) *—Jan. 4 Bid. Ask. 4s Nov. 1. 1957-37 83 84>i 4s May 1, 1953-38 83 84 % 4%s July 1, 1956-36 84% 85% 4%s Jan. 1, 1957-37 84% 85% 4’iS May 1. 1957-37 84% 85% 4%s Nov. 1. 1958-38 84% 85% 4%s May 1. 1942-32 89% 90% 4%s Jan. 1. 1943-33 89% 90% 4%s Jan. 1. 1953-33 87 88*4 4%s July 1. 1933-33 87 88% 4%s Jan. 1, 1955-35 87 88% 4%s July 1. 1955-35 87 88% 4%s Jan. 1. 1956-33 87 88% 4%s July 1. 1953-33 89% 90% 4%s Jan. 1. 1954-34 89% 90% 4%S July 1. 1954-34 89% 90% 5s May 1. 1941-31 95‘/ 2 96% 5s Nov. 1. 1941-31 95Vi 96% Home Loan 4s. July 1. 1951.. 86% 87%

Foreign Exchange

(Ey Abbott, Hoppin & Cos.) —Jan. 4 Sterling. England $5.15 Franc. France 0623 Lira. Italy 0833% Belgas. Belgium 2207 Mark. Germany 3785 Guilder. Holland 6380 Peseta, Spain 1308 Krone, Norway 2590 Krone. Denmark 2300

SECURITY LIST MOVES UNEVEN; LIGHT U. S. Dollar Strengthens in Dull Trade; Several Issues Inactive.

Average Stock Prices

Average of thirty industrials for Thursday: High 99.13. lov. 96 48, close 98 78. off .31. Average of twenty rails: 40 60. 39.73. 4040. off .14. Average of twenty utilities: 22 47 22.01. 22 58. off .10. Average of forty bonds: 84.75, off .22 Average of ten first rails: 90 92, off 64 Average of ten second rails: 70.60, up .01. Average of ten utilities: 91.61. off .06. Average of ten industrials: 85 87. off .20. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Jan. s.—The stock market opened irregular today with the metal shares, leaders in Thursday’s late show of strength, easing slightly under the previous close. There was no great incentive for trading. The RFC gold price remained unchanged at $34.06 while the dollar firmed up slightly in foreign trading. Overnight brokerage comment had been rather divided with some firms suggesting side line positions until more definite indications come of congressional action. Declines in the mining group were held to fractions and included U. S. Smelting 10312, off s 4 , Dome Mines 35 a, off Ms, Kennecott 20'i, off hi, Mclntyre Porcupine 42 l i, off J 2, Alaska Juneau, off %, and American Smelting 44%, off %. There was no definite trend in other divisions with the only feature in the rather dull trading being the opening on General Motors of 3,000 shares up !4 point to 34%. The remainder of the motor list was mixed, with Chrysler at 5714, off %, and Auburn unchanged 5, at 53%. All eased from their opening prices. U. S. Steel opened on 1,000 shares at % loss to 47%, and then declined fractionally from that figure. American Telephone opened at 108%, off M point. Oils were mixed. Commodities showed steadiness with cotton and sugar slightly higher, with silver slightly under yesterday’s close. The bond market was irregular and quiet, with U. S. government obligations about steady.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 5 Clearings $1,935,000.00 Debits 6.474.000.00 TREASURY STATEMENT —Jan. 5 Net balance for Jan. 3 $940,245,370.77 Misc. int. rev repts 5,668,567.76 Customs repts. mo. to date.. 2,537,467.18

Daily Price Index

By United Press NEW YORK, Jan. 4.—Dun & Bradstreet’s daily commodity price index of thirty commodities compiled for the United Press: (1930-1932 average. 100) Today 101.49 Yesterday 101.05 Week ago 101.25 Month ago 99.66 Year ago 70.50 1933-1934 high 'July 18• 113.52 1933-1934 low (Jan. 20) 67.86 (Copyright. 1934, Dun & Bradstreet, Inc.)

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —Jan. 4 Bid. Ask. American Bank Stocks Corp. .73 .83 American & General Sec A.. 4.50 5.50 American & Inv Tr Sh. . 1.50 2.50 Basic Industry Shares 3.29 3.45 British Type Inv Tr Sh 42 .50 Collateral Trustee Shares A.. 4.45 4.55 Corporate Trust Shares (old) 2.21 2.25 Corporate Trust Shares new. 2.26 2.30 Cumulative Trust Shares .... 3.84 .... Diversified Trust Shares A.. 6.25 .... Diversified Trust Shares B. , 7.20 7.40 Diversified Trust Shares C.. 2.92 2.97 Diversified Trust Shares D. . 4.68 4.78 First Insurance Stock Corp.. 1.28 1.34 First Common Stock Corp... .83 .98 Fixed Trust Oil Shares A 8.00 8.25 Fixed Trust Oil Shares B. ... 7.00 7.20 Incorporated Investments 17.45 18.95 Low Priced Shares 5.32 .... Mass Inv Trust Shares 17.55 10.07 Nation Wide Securities 3.04 3.12 North American Trust Sh (55) 2.21 2.25 North American Trust Sh (58) 2.37 2.62 Selected Income Shares 3.30 3.70 Std American Trust Shares A 2.70 2.95 Trustee Std Oil A 5.20 5.35 Trustee Std Oil B 4.82 4.92 U S Electric Lt & Pwr A. .. 9.75 10.25 Universal Trust Shares 2.90 2.98

U. S. Government Bonds

| By United Press NEW YORK, Jan. 4.—Closing Liberty bonds: (Decimals represent thirty-seconds) LIBERTY’ 1 3>is (32-47) 100.15 4' 4 s (32-471 101.12 4' 4 s (33-581 101.31 4*4S (33-38i ... 101.31 TREASURY 4'is (47-52) 99.8 ! 4 1 -i S- 3 (43-45) 103.31 4s (44-541 102 4 3=48 <46-56) 99.16 3‘sS (43-47) 99.26 3" 8 s <4l -43 j. March 93.20 , 3= B S (40-43) June 96 31 3'4S (41 * 95.6 3'as 1 46-49) 98 28 3s (51-55' 101 Marriage Licenses ' Edmund A. Murray, 26. Seymour ’ farmer, and Verna Hazard. 25. of 725 North Grant street, teacher. Groya Ilick, 38. of 1635 Riverside drive, machine operator, and Anna Sekula. 20. 1 of 772 North Warman avenue, waitress. Robert Taylor. 22. of 1274 West Twentysixth street, truck driver, and Frances Kaser. 19. of 49 South Warman avenue, housekeeper. M. Lawrence Bolling. 27. of 1801 Arrow avenue, laborer, and Vivian Murray. 17, of 542 South Drover street, housekeeper. Joseph Troutman. 24. of 2824 Wood street, painter, and Bernice Harvey. 17. of 1717 Ingram street, housekeeper. George Burton. 23, of 1564' 2 Columbia avenue, laborer, and Lizzie Foden. 46. of 1564' 2 Columbia avenue, hair dresser. Ora Hall, 25. of 1542 Shepard street, laborer, and Dorothy Anderson. 19. of ! 5362 North Illinois street, maid. William C. Coleman. 25. of 631 Division street, clerk, and Margaret Steelman. 19. of 603 Holly avenue, housekeeper. NEW YORK RAW SUGAR FUTURES —Jan. 4 High. Low. Close. January 1.16 March 1.27 1.24 1.26 I May 1.32 1.31 1.32 July 1.38 1.37 1.37 September 1.43 1.42 1.42 December 1 48 1.47 1.47 DOGS RESCUE OWNER Animals Ward Off Infuriated Buck Deer. By United Press LITCHFIELD. Conn., Jan. 5. Cornered by an enraged buck while walking in the woods near here recently. Mrs. John C. Barnard was saved from injury when her two dogs worried the animal until she could escape. U. S. Dollar Stronger • By United Press LONDON. Jan. s.—After a weak opening of 50.11'2, the dollar gained some strength during the day's trading, closing at $5.11 \ to the pound sterling.

THE INDIANAPOLIS TIMES

Chicago Stocks —— “ By Abbott. Hoppin & Cos.

TOTAL SALES. 24.000 SHARES —Jan. 4 High. Low, Close. Bastian-Biessing ... 6% 5% 5% Benhix Aviation • 16% 16% 16% Borg-Warner . 21% 20% 21% E L Bruce Cos 10% Butler Bros 4% 4 4% Car.ai Construction 2% 2 2% Cent 111 Pub Serv pfd 13 12% 12% Cent <5; Sc West % Cent & So West P L p ... 5% Chi & North Western 7% 6% 7% Chicago Corp com .... 2% 2% 2% Chicago Corp pfd .. 22% 22% 22% Chicago Yellow Cab .. .. ... 11% Cities Service ... . 2% 2 2% Commonwealth Edison 36% 34 36% Consumers 770 pfd ... 1 Cord Corp 7 6% 7 Gardner-Denver Cos 18 Crane Cos ... 7% Great Lakes Aircraft.. 1% 1 1% Great Lakes Dredge... *21% 20% 21% Grigsbv-Grunow % % % Hart. S & M 10% Houdaille-Hershey ‘A’ 11 Illinois Brick ... 4% Kalamazoo Stove ... 21 Kv Ut Jr Com pfd 11% 11 11 Libby-McNeil 3 Lynch Corp 30% 30. 30% Marshall Field ... 13 McWilliams Dredg Cos.. .. ... 15 Nob Spks Indus Inc .. 12% 12% 12% Nor Am LAtP ... 1% Northwest Bancor ... 4% Potter Cos 2% 2% 2% Prirua Cos ... 7% Pub Serv N P ... 14 Pub Serv 6" r pfd 37% 36 37% Quaker Oats 122 Quaker Oats pfd ... 115 Standard Dredging Cos pfd .. ... 4 Swift & Cos 14% 14% 14% Swift Internacional . . 2- 26% 27 Thompson JR 7% 7% 7'i Transformer Corp of Am % Twelfth St Store A 1% Util Pow & Light N V % Vortex Cup Cos. A 25% Yates Machine ... % Zenith Radio ... 3%

Indianapolis Cash Grain

—Jan. 4 The bids for car lots cf grain at the call of the Indianapolis Board of Trade, f. o. b,, shipping point, basis 41% New York rate, were: Wheat—Steadv: No. 1 red, 82©83c: No. 2 red. 81©.82c, ‘ No. 2 hard, 81® 82c. Corn—Firm: No. 3 white, 42 1 2 © 43%c; No. 4 white, 41%® 42%c; No. 3 yellow'. 42ffi. 43c: No. 4 yellow, Ilf) 42c: No. 3 mixed. 41®42c: No. 4 mixed, 40@41c. Oats—Stef' 1 .: \v> 2 white. 33%®34%c; No. 3 white. 32% u.33%c. Hay—Steady: if. o. b. country points taking 23%c or less rates to Cincinnati or Louisville)—No. 1 timothy. $7.50©8; No. 2 timothy, 57©7.50. —lnspections Wheat—No. 1 red, 1 car: No. 2 red, 1 car; No. 1 hard. 1 car. Total, 3 cars. Corn—No. 2 white, 7 cars: No. 4 white, 1 car; No. 2 yellow, 1 car; No. 3 yellow, 9 cars; No. 4 yellow', 16 cars; No. 5 yellow', 4 oars: No. 4 mixed, 1 car. Total, 39 C3 rs. Oats—No. 2 white. 1 car; No. 3 white, 5 cars; No. 4 white, 1 car. Total, 7 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 77 cents for No. 2 soft red wheat. Other grades on their merits. CHICAGO CASH GRAIN By United Press CHICAGO, Jan. 4 —Cash grain: WheatNo. 2 hard, 83%c; No. 2 mixed. 83c. Corn • old)—No. 2 yellow, 49c; No. 3 yellow'. 48® 49%c; (new)’ No. 3 mixed. 46%c; No. 2 veilow, 47%© 48%c; No. 3 yellow. 46% © ; 47%c: No. 4 yellow, 46c: No. 2 white. 48%c. Oats—No. 2 white, 37©37%c; No. 3 white, 36®36%c; No. 4 white, 35%c. Rye—No sales. Bariev—4B4/82c. Timothy—ss,so4? 6. Cloverseed—Sll©;l4. Cash provisions —Lard, $5.40; loose. $4.65: leaf, $4.62; S. bellies, $5.75. TOLEDO CASH GRAIN By United Press TOLEDO. Jan. 4.—Grain close: in elevators: Wheat —No. 2 red. 884/89c; No. 1 red, 14/l%c premium. Corn —No. 2 yellow. 53%4/ 54%c. Oats —No. 2 white, 40 1 2 4 c 41 %c. Rye—No. 2, 664?67c. Track prices. 28%c rate: Wheat —No. 1 red. 84®84%c; No. 2 red. 834/,84c. Corn—No. 2 yellow, 48%®50%c; No. 3 yellow, 474(48%c: No. 4 yellow, 46©. 47c: No. 5 vello';'. 45®45c. Oats—No. 2 white. 37%®38%c; No. 3 w'hite, 3745 38c. Seed close: Clover—March, $8.25. Alsike—Cash, $8.50. NEW YORK CASH GRAIN By United Press NEW YORK. Jan. 4—Cash grain: Wheat—No. 2 red. $1.01%: No. 2 hard winter. $1.01%. Corn—No. 2 mixed. 60c. Oats —No. 3 white, 46c.

In the Cotton Markets

—Jan. 4 CHICAGO High. Low'. Close. January 10.52 10.32 10.52 March 10.62 10.38 1C.62 May . 10.78 10.54 10.78 July 10.94 10.69 10.94 October 11.11 10.88 11.11 December 11.19 NEW YORK January 10.47 10.21 10.47 March 10.59 10.30 10.57 May 10.74 10.45 10.73 July 10.90 • 10.60 10.87 October 11.06 10.78 11.05 December 11.20 NEW ORLEANS January 10.23 10.19 10.21 March 10.55 10.28 10.52 May 10.71 10.44 10.70 July ..• 10.85 10.58 10.84 October 11.04 10.77 11.04 December 11.19

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 5.59 Indiana, egg 5.00 Indiana, mine run 4.70 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 <5.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to bis. Other Livestock BY UNITED PRESS CHICAGO, Jan. 5. Hogs Receipts. 28.000. including 16,000 direct: holdover, 3,000: active, generally 10')/25c higher than yesterday's averages; bulk 170-300 ibs., $3.503 3.(5; top. $3.75; most light lights, 53.25'./3.50; pigs. 52.303 3; pacKing sows, b2.6O'C( 2.90. Light lights. 140-160 lbs., good and choice, [email protected]; light weight, 160200 lbs., good and choice. 53.45)3:3.75; medium weights, 200-250 lbs., good and choice, $3.50"/3.75; heavy weights. 250-350 lbs., good ana choice. 53.153 3.60; packing sows. 275-550 ibs., medium ar.d choice. $2.5007 3; slaughter oigs, 100-130 lbs., good and choice. $2,500/3.15. Cattle—Receipts, 1.000: calves. 1,000; fully steady market on all grades and classes; very little beef in run; hardly enough good and choice steers here to make a market; top $6.25 on choice approximately 1,200 lb. averages; bulk common to medium steers selling at 53.25 g 5; active trade on cutter cows at 52.50 downward to 51.75; mostly S2O/ 2.50; vealers $4.50" 5.50; Stocker trade nominal. Slaughter cattle and vealers— Steers. 550-900 lbs., good and choice. $5.503 7; 900-1,100 ibs.. good and choice. $5,253 7; 1.100-1.300 lbs., good and choice. $5(36.75: 1.300-1.500 lbs., good and choice. S4© 6.257 550-1,300 lbs.. common and medium, S3'■ / 5.25. heifers, 550-750 lbs., good and choice. 54.50X16.50; common and medium. $3 3 4.50; cows. good. 52.753 4; common and medium. $2.503.2.75; low cutter and cutter, $1.50© 2.50; bulls, yearlings excluded, good. beef. 53®3.50: cutter common and medium. $2.503.3.25; •vealers. good and choice. $4.503 6; medium. 53.503,4.00 cull and common. 52.503.3.50; Stocker and feeder cattle, steers, 550-1.050 lbs., good and choice. 53.75 "y 5; common and medium. 52.5033.75. Sheep—Receipts. 10.000; undertone strong to around 15c higher: bidding upward to S8 rather free- : ly; best held about 58.25; sheep and clipped lambs also held unevenly higher; feeaing lambs absent. Slaughter sheep and lambs—Lambs. SO lbs. down, good and choice. $7.253 8.15: common and medium. 55.25 / 5.50: 90-98 ibs.. good and : chaice, $7"/8: ewes. 9C-150 lbs., good and choice, 52.25X73.85. all weights, common and medium, 51.5032.75; feeding lambs. 50-75 lbs., good and choice. $636.65. LAFAYETTE. Jan. s.—Hog market, 5 to 25c higher: 170-225 lbs.. $3.50 / 3.55: 225275 ibs.. s3.4o''/ 3.45: 275-325 lbs . 53.253. 3.35: 140-170 lbs.. $3.10 /3.35; 120-140 lbs.. $2.60 " 2.85: 100-120 ibs. $1.903 2.49: roughs $2 75 down. Top calves—s3.so; top lambs. $6.50. CINCINNATI, Jan. s.—Hoes—Receipts, i 3.500 head, including 540 head direct and through; holdover. 310 head; market opened slow, now active unevenly 5"/15c higher: top and bulk 160-300 lbs., S4: 230250 lbs . $3 90; 250-275 ibs.. 53.80; 275-300 lbs.. $3 70: 130-160 lbs.. 53.253 3.75; few pigs. S2-./3; packing sows 25c higher at $2.503 2.75. Cattle-Receipts. 4CO: calves, receipts. 250; mostly around steady: steers and heifers, mainly at $4"/5; lew odd lots good handvweights upward to $5.50; fat cows, $2 25 /3; lew cutters and cutters. $1.253 2.25: bulls. $2 503 3.50; calves. 50c lower: good to choice. 553 6: plainer grades from S4 50 downward. Sheep—Receipts. 200: fully steady; some plainer erades of iambs strong; most fat iambs, §7 85''/ 8. throwouts mainly $6 503 7.50: culls. $53 6; fat ewes. $334: most fat iambs. 57.753 8. TOLEDO. Jan. 6.—Hogs—Receipts 175: market, strong to 10c higher: heavy yerkers. S3 85 mixed and bulk of sales. $3 503 3.85: pigs and lights. $2 253 3: medium and heavies. S3" 3.60: roughs. $2-/2.50. Cattle—Receipts. 100: market, strong: good to prime steers. 55.50 /6: 'fair to good bulls. S3 3 3.25; good to choice Stockers, $53 5.25. Calves—Receipts, light; market, : strong and active. Sheep and lambs—- : Receipts, light; market, strong; lambs, ♦4 S 7.

PORKER PRICES RISE 10 CENTS AT CITYYARDS Cattle Scarce and Steady; Veals Unchanged at $6.50 Down. An advance of 10 cents over yesterday’s average featured hog trad- | ing at the local stockyards this morning. Early demand showed | strength and receipts held around | normal. Action was displayed in practically all classes. ! The bulk, 160 to 275 pounds, sold for $3.60 to $3.75, while heaviest J grades scaling 275 pounds and up were salable at $3.40 to $3.55. Choice weights from 130 to 160 pounds brought $3.10 to $3.50. Light slaughter pigs weighing 100 to 130 pounds sold at $2 to $2.65. Rei ceipts were estimated at 6,000. Hold--1 overs numbered 1,477. With hardly enough steers on hand to test market conditions, practically all classes of cattle i showed little change from the previous session. An odd head of : steers held up to $5.50. She stock were mostly unchanged. Receipts j were 500. Vealers resumed a steady ! trading range, salable at $6.50 down. Receipts were 600. With only slight action evident during the early session, lambs re- , mained fully stationary. Few initial | sales were quoted at $8 down. Some | choice grades held fractionally higher. Receipts 2.000. ; Saies on hogs at Chicago were ! mostly 10 cents higher than yes- | terday’s average, initial trade was I active and undertone strong. The I bulk of good to choice kinds weigh- ! ing 170 to 180 pounds, sold at $3.50 to $3.60. Early top held at $3.60. I Receipts were estimated at 28,000; ! including 13,000 direct; holdovers, 1 3 000. Cattle receipts numbered 1,000; calves, 1.000; market, steady to strong. Sheep receipts were 10,000; market, fully steady.

HOGS Dee- ® ullc „ r Top Receipts 29. $3.20/0 3.35 $3.35 9.000 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 4. 3.50® 3.65 3.65 9.000 5. 3.60@ 3.75 3.75 6,000 Market, higher. (140-160) Good and choice....s 3.35© 3.50 —Light Weights—-(l6o-180) Good and choice. .. 3.75 (180-200) Good and choice.... 3.75 —Medium Weights—-(2oo-220) Good and choice.... 3.70 (220-250) Good and choice. .. 3.65© 3.70 —Heavy Weights—-(2so-290) Good and choice.... 3.55® 3.60 (290-350) Good and choice 3.45® 3.55 —Packing Sows—(3so down - ) Good 2.75© 3.00 (350 up) Good 2.60® 2.85 (All weights) medium 2.25® 2.60 —Slaughter Pigs—-(loo-130) Good and choice.... 2.00® 2.90 CATTLE Receipts, 500; market, steady. (1.050-1,100) Good and choice $ 5.25® 6.50 Common and medium 3.50® 5.25 (1.100-1.5001-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, 600; market, steady. Good and choice $ 6.00® 6.50 Medium 3.50® 6.00 Cull and common 1.50® 3.50 —Calves—-(2so-5001 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, 2,000; market, steady. (90 lbs. down) Good & Choice $7.50® 8.00 190-110 lbs.) Good and choice. 7.00®7.75 (90 lbs. dow'n) 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. II!., Jan. s.—Hogs Receipts, 7.000; market fairly active; mostly 10c above yesterday's average: top, $3.85: bulk. 150-210 lbs.. $3.75®3.85; 220280 lbs., 53.60 (a 3.75; 130-140 lbs., s3® 3.25; 100-120 lbs., $2.15'//2.75; sows mostly 52.50///2.75. Cattle—Receipts, 800; calves. 800: market active and generally steady; vealers. 27c lower with top $5.75; steer sales largely $4.50®5.50: top for load lot steers, $6. and one small lot choice yearlings. $6.25; mixed yearlings and heifers, 53.75®5.25; cows, $2.25®2.75: low cutters. $1.25® 1.50: top sausage bulls. $3 slaughter steers, 550-1.100 lbs., good and choice, $5.25 ©6.50: common and medium, $3©5.25; 1.100-1.500 lbs., choice. [email protected]; good, $4.50©6: medium, [email protected]. Sheep—Receipts, 800; market, hardly enough here to make a market; asking strong prices for the few offered; packers talking lower; indications steady on throwouts and sheep; lambs. 90 lbs. down, good and choice. s7® 8; common and medium. $4©7.25; lambs, 90-98 lbs., good and choice. s7®B; yearling wethers. 90-110 lbs., good and choice. $4.75® 6.50: ewes. 90-150 lbs., good and choice, $1.75©3: all weights common and medium, $1®2.25.

CLEVELAND. Jan. s.—Cattle—Receipts. 200; satisfactory market and prices, steady at week's best prices; slightly higher for week; choice steers. $645 6.50; good 6001.000 lb. heifers. $4.25454.75; good cows, all weights, $2.50413. Calves—Receipts, 300; trade active at unchanged prices; SI lower for week; all of decline occurring early in week; choice to prime, $6.5047 7; ichoice to good. s64* 6.50. Sheep—Receipts, 1.000; market, active and strong, and up 1104/20c for week; choice wethers, $2,504* ! 3.25; medium to good. $1.50472: choice | spring lambs. $7.54*8.10. Hogs—Receipts, j 1.000; market, active and light, butchers ! and choice yorkers sold above $4 mark for first time in recent weeks: heavy hogs also active as result of higher provisions market; prices up 20c on government grades and 2547.40 c higher on others; heavies, 53.50; light butchers. $4.10; choice yorkers, 54.10; pigs. 52.75. PITTSBURGH, Jan s.—Hogs—Receipts, 3.800; active on 160-220 lb. weights at * $4.10 mainly, or 15c lower: other weights I 25c off; sows, mostlv 10c lower: 260 lbs. up. 53.6 547 3.75: 130-150 lbs., 53.50; 90-130 lbs., pigs. s34* 3.25; sows, largely $2.7547. 2.85. Cattle —Receipts. 25; nominal. I Calves—Receipts. 200: 254775 c lower; bulk i vealers, $747.7.50; heavy calves, $6 down, j Sheep—Receipts, 800; early sales fat lambs. ! $8.254?8.40; top. 15c higher than yester- ] day; medium kinds. $6477: culls down to ! S3: aged wethers, quotable up to $4.25; choice shorn lambs. $6.50477. | FT. WAYNE. Jan. s.—Hogs—loc higher; 160-200 lbs., $3.60: 200-250 lbs.. $3.50:'250300 lbs., $3.40: 300-350 lbs.. $3.25: 150-160 lbs.. $3.20: 140-150 lbs.. 53.10: 130-140 lbs.. $3: 100-130 lbs.. $2.60; roughs. $2 50: stags. $1.50. Calves. $6; lambs. 57.50. | Bu Times Special \ LOUISVILLE. Jan. s—Cattle—Receipts, j 150: mostlv steady; bulk and common to i medium steers and heifers. $3 50 '* 4.50; 1 better finished fed offerings eligible to $5 50 or better: bulk beef cows. $247 2.50; practical top. 52.75: low cutters and cutters. 51.254i1.75: sausage buils. $3 down: | common to medium native Stockers and i feeders. $2.5047 3.50: well bred Hereford heifer *ock calves quotable $4.50. Calves —Receipts. 250: calves. 250: steadv; bulk better vealers. $4.50475: medium and lower grades, $4 down. Hogs—Receipts. 800: weights from 130 lbs. down; steadv; all 1 others 5c higher. 160-250 lbs.. 53.90: 255 j lbs. UP. 53.60: 130-155 lbs.. $3,55: 110-125 I lbs.. $2.75: 105 lbs. down. $2: sows. $2.60: stags, $1.30 Sheep—Receipts. 25: lambs fully 50c higher: bulk medium to good kinds. $647 6.50: choice eligible, $7 or better: bucks discounted SI: throwouts mostly S4: bulk desirable slaughter ewes. $2. NEW YORK COFFF.E FUTURES —Jan. 4 SANTOS - High. Low. Close. ; January 8.89 March 9.14 9.02 9.10 Mav 9.31 9.20 9.27 July 9.38 9 32 9 38 September 9.73 December 9.85 9.76 9.85 RIO January 6.45 March 6.62 6.58 6 53 Mav 6.73 6.66 6.73 July 6.88 6 78 6.88 i September 7.05 8.94 7.03 December .... 7.15

New York Stocks Bt Abbott. Hoppin A Cos.)

“-Jsn 5 Prev. High. Low. 10 30 Close. ! Oils— Amerada 42 i Atl Rfg 28% 28% 23% 28% Barnsdall 8 ; Consol Oil 10% 10% 10% 10% j Cont of Del ... 17% 17 ! Houston inewi 3% 3% i Houston iold i 21% I Mid Cont Pet . 11% Ohio Oil 13% 13% Pet Corp ... 9% Phillips Pet 16 15% Pure Oil 11 11 Roval Dutch 37 Sbd Oil 26% Shell Un 8% 8% Simms Pet 9% i Skellev Oil 8% ... Soc Vac 15% 15% 15% 15% S O of Cal 39% 39% 39% 39% S O of Kan ... 37% S O Os N J 44*8 45 Sun Oil 52% Texas Corp . 24% 23% 23% 24% Tidewater Assn ... ... 8% 8% Un Oil of Cal 18% i Steels— Am Roll Mills 18% 18% Beth Steel 36 35% 35% 36 Byers AM 22% Col Fuel & Iron 4 Cruc Steel . 22 Inland Steel ... ... 41 Ludlum Steel 15% McKeesport Tin .. ... . 86% Natl Steel 51% 51 Rep Ir & Steel 16% 16% Rep I & St pfd . . .. ... 40 U S Smelt .... 103 3 4 102% 102% 104% Vanadium 22 21% Mid Steel 13 U S Pipe & Fdv 18 U S Steel 47% 47% 47% 47% U S Steel pfd 88% Youngstn S & T 22% 22% Rails— Atchison ... 55% 55% Atl Cst Line ... ... 41 B & O 22% 22% 22% 23% Can Pac 14 13% 13% 13% Ch &. Ohio 40% 4040 40 Chi A- Gt W 3 C M & St P pfd 7% Chi N W 7 7 Chi R Isl 2% Deia & Hud ... ... 54 Erie ... 14% Grt Northrn pfd 20 19% 19% 19% 111 Central 29% K C Sou 11% Lou & Nash 48% Mo Pac ... ... 3% Mo Pac pfd 4% N Y Cent 32% 32 32% 33% NYC & St L pfd 17% N Y New Haven . . ... 14% 15% i Norfolk & Wes 161 % I Nor Pac 22% Penn R R 29% 29% 29% 30 Sou Pac 19% 19 19% 19% Sou R R ... 24% ... I Sou R R pfd 29 3 s Union Pac 111% 111 ! Wabash 2% 2% j West Maryl 9 Motors—- ! Auburn 53% 53% I Chrysler 57% 56% 56% 57% i Gen Motors 34% 34% 34% 34% Graham Mot 2% I Hudson 14 14% i Hupp . 4% Mack Truck. 36% 36% Nash 23% 24 | Packard 4% 3% Reo 3% ! Studebaker 5 5 j Yellow Truck ... ... 434 I Motor Access— Bendix ... 16% 16% Bohn Alum 58 (Borg Warner ... 21% 21 % i Briggs 12% 12% j Budd Wheel 3s/„ Eaton Mfg 1374 Elec Auto Lite. 19% 19% i9% 19% Houd ‘A’ 37'g Mullins Mfg ... 6s/ g Murray Body 8% Stew Warner ... ~ ’ 29% Timken Rol 3034 Mining— 4 Alaska Jun 22% 22% 22% 23% Am Smelt 44% 43% 43% 45 Anaconda 14% 14% 14% 14% Cal & Hecla ... 414 4^4 Cerro De Pasco. 35% 34% 35 36 Granby 8 % 9 Gt Nor Ore ... 11% 11% Homestake Min ... . . 326 Howe Sound *37% 38 Ins Copper 41/ Int Nickel 21% 21% 2i% 21% Kennecott Cop.. 20% 20 20 20% Noranda Cop 3434 333 Phelps Dodge 17 Pitts Coal 10 Tobaccos— Am Snuff 49 493/. Am Tob (A) ... 67 67 Am Tob (B) 69 68% Gen Cigar 29 28% Ligg & Myers B ?8 Lorrillard Reynolds Tob B '44% 44% Equipments— Allis Chalmers 1734 Am Car & Fdv 24% 24% Am Loco 27% 27 Am Mach & F 13 Am Steel Fdy.. .. 19% Bald Loco ... ... n% Burroughs 15% 15% Case J 1 67% 67% Cater Tract 24% 23% Coigat Palm Pt 9’/ s 974 Congoleum .... 24% 24 24 23% Foster Wheeler ... 131/2 Gen Am Tk Car 34% Gen Elec 18 7 /* 19% Gen R R Sig 33% Ingsol Rand.... .. ... ... 60'4 Int Bus Mach.. .. ... ... 141 Int Harvester ...' ... 39% Kelvinator ... 12% 12% Natl Casih Reg 17 17% Proc & Gamble 37% 37% Pullman Inc 52% Simmons Bed. , 18% 18 18 17 3 / 4 West Air (B) 27% Westingh Elec.. .. ... 37 37% Worthington P.. .. 22% Utilities— Am & For Pwr.. .. ... 8 8% Am Power & Lit 6 6% A T & T 108% 108 108 108% Am Wat Wks ... 17% 17% Brook Un Gas.. .. ... ... 61 % Col Gas & El 11% 11% Col G & E pfd .. ... ... 53% Com & Sou 2 1% 17/gl 7 /g 2 Consol Gas 37 36% El Pwr & Lit 4% 4% | E P & L pfd ... ... 8% I Int TANARUS& T 15% 14% 14% 15% Lou G & E (A) .. ... ... 16 | Nat Pwr & Lit.. 8% 8% 8% 8% North Amer 13Vs 13% Pac G & E ... 16 lots Pub Serv N J ... ... 34 So Cal Edison 15% 15% Std Gas 7 I Std Gas pfd ... ... 7% 1 United Corp 4% 4% 4% 4% Un Gas Imp ... 14% 14 1 - Ut Pwr & L (A) .. ... ... 2% I Western Union.. .. ... 54% 54% • Rubbers— Firestone 18% 1 Goodrich 13% Goodyear .. ... 35% U S Rubber ... 15% i U S Rubber pfd 25% 25% Amusements— Fox Tfcea 13% Loews Inc 27% Radio Corp 6% 6% RKO 2% 2% Warner Bros ... 5% 5% | Foods— Am Sugar ... ... 47 j Armour 'A' 4% 4% 4% 4% I Beatrice Cream.. . ... 11 Borden Prod 20% 20% I Cal Packing ... 18% ; Canada D G Ale ... 25% i Coca Cola ... ... 96% 1 Corn Prod *. ... 74% 74 Crem of Wheat . . 82 % Gen Foods 34 34 Gold Dust 17% 1714 G W Sugar ... 29 28% Int Salt 21 Natl Biscuit 46% 46% Natl D Prod 13% 13% ; Purity Bak ... 13% 13% 1

On Commission Row

—J an. 5 Fruits Cranberries—Cape Cod early blacks. 25lb. box. $2.60. Grapes—Semi sawdust. 24-lb. lug, $2.75. Pears— Washington AAjou, 90-1655. $2.50; Avascados. Fla.. 16-16s. crate. $1.75. Strawberries—Florida. 20c per pint. Bananas—Per pound. SV2C. Apples—Wealthy. Wolf River. Grimes Golden, Jonathan, Florida. $1.2 5 471.85 a bu.. fancy Staymans. $2.25 a box. Grapefruit—s2.7s 47 3.75. Oranges—California Navels. $4.25 a box. Lemons—36os, $6.25. Vegetables Cabbage—Eastern Danish. 50-lb. bag, $1.60; new Texas, 50-lb. crate, $1.65. 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, $1.75 a crate. 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. Cauliower California (11-12c>. crate $1.85. 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—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., 35c. Tomatoes—Hothouse. $1.50. Potatoes —Northern round white. 100-Ib bag. $2412.25: R. R. Ohios, 100-lb. bag. $245 2.25: 15-lb. bag. 35c: Idaho Russets lb. bag. $2 25; Texas Triumphs, new. $2 50-lb. bag. Sweet Potatoes—Nancy Halls, per bu.

IE. M. Popp | When placing insurance of B any kind, just call n 712 Circle Tower I RI. 1810 ■

Conservative Business Invited amcrican national Bank AT INDIANAPOLIS

Btd Brands 21% 21 21 21% United Fruit 59% Wrtgley 55 Retail Stores— Ass Drv Goods 11% Gimbel Bros 4% Hahn Dept St? 5% Kresge S S .... 14% 14% 14% 14% Kroger Groc . . .. . 24 Macy R H 52 % May Dent St 31 30% Mont Ward ... 22% 22% Pennv J c ... .. 52 % Safeway St 44% 45 Sears Roebuck 42 41% 41% 41% Woolwor'h . ... 42% 42% 42% 42% Aviation— Aviation Corp .... . . ... 7% Douglass Air 15% 14% Curtiss Wrieht 2% 2% Curtiss Wr A 5% 5% 5% 5% Nor Am Av 5 4% United Aircraft. 31% 30% 30% 31% Chemicals— Air Reduction ... ... 98% Allied Chem 148 148 Am Com Alcohol 53% 54 Col Carbon . . . 61 Com Solvents . 31% 31 3! 31% Dupont 92"s 92% 92% 93 Freeport Tex 44% Liquid Carb ... 27% Math Alkali 34 33% Tex Gulf Sulph .. 39% 40% Union Carbide ... ... 45% U S Ind Alcohol. . . ... . . 55% Natl Dlst inewi. 25% 24% 25 23% Drugs— Zonite Prod ... ... 6% Financial— Adams Exp ... 7 7 Allegheny Corp .. 3’* 3% Chesa Corp .. . .. .. .. 34% Transamerlca ... 7% 7 7% 7 Tr Conti Corp 4% Building— Am Radiator ... 14% 14% Gen Asphalt 15% Int Cement 29% Johns Manville 58% 59 Libbv Owens Gls . ... 35% 36% Otis Kiev 15% 15% IS 7 , 15% Ulen Const ... 2% ... Miscellaneous— Am Bank Note.. .. ... 14% 15% Amer Can ... 95% 95% Anchor Cap 18% Brklyn Man Tr 32% C’ontl Can . . 76% 76% 76% 76 Eastman Kodak ... ... 80% Owens Bottle ... .. 80 Gillette 9% 9% Glidden 16 Gotham Silk ... ... 7% Indus Ravon 76% Inter Rapid Tr.. 12% 12 12 12

Bright Spots

Bv United Press F. W. Woolworth Company, reports December sales of $36,995,608. up 11.7 per cent from December last year. Plymouth Cordage Company increased its quarterly dividend payment from sl.lß to $1.25 a share. W. L. Grant Company reports December sales of $12,451,192, up 9.1 per cent from December, 1932. Pitney-Bowes Postage Meter Company declares dividend of 5 cents a share, first payment since October, 1932. Collins and Aikman Corporation earns net profit for nine months ended Nov. 25 of $847,159, against net loss of $579,240 in like 1932 period. Creamery Package Manufacturing Company declares special dividend of 25 cents a share on common stock. CHICAGO FRUIT MARKET By X'nitcd Press CHICAGO, Jan. s.—Apples—Michigan Jonathans, bushel Sl® 1.50. Carrots—lllinois, 50©; 75c. Spinach—7sc®ssl. 15. Beans —Southern green, $1,604/2.25. Mushrooms —154/ 30c. Cucumbers—Southern. $2,254/ 3; hothouse. $2,504/3. Tomatoes—Florida, $2,254/ 2.75; Illinois and Ohio hothouse. sl4/1.25. Leaf lettuce—lllinois hathouse, 12%®15c. Celery—Michigan. 60c® sl. Cabbage—Wisconsin, $2,254/2.50 Sweet potatoes—lllinois. $1,254/ 1 35: Indiana, $1.604/1.65. Onion market—Western Valencias, bushel, $1,054/ 1.25; central, western yel’ows, bushel [email protected]; western, whites, bushel $1.50®1.75.

WE 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 y Indianapolis Bond and Share Corporation 129 East Market Street Telephone Riley 4551

COLLATERAL / LOANS J So Co-M;iker Repaid Over a Whole Fear The Indianapolis Morris Plan Cos. S. E. Corner Delaware aud Ohio Sta. HI. L 530.

Abbott, Hoppin & Company 203 Continental Bank Building Riley 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

The World of Wonder at Your Door MEXICO 12-Day Exclusive Personally Escorted Tour For those who wish to escape the ice and snow of our northern winters to find days full of pleasure and rest, sparkling health, and strength for daily duties, here is their opportunity to emerge from storm and ice into surroundings where the winter air is fragrant with flowers and where a trip gives the maximum of comiort at a minimum of expense. Our plan involves choicest companionship en route, the moat direct possible connections, and every advantageous arrangement to secure a rich program of culture and enjoyment at the startling low rates just introduced. 8 For Complete Details Communicate with A. KIRTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis HkIJNION TRUSTS 120 East Market St. RI ley 5341

JAN. 5, 1934

WHEAT SHOWS FIRM TONE IN SLOW SESSION Operators Believe Gradual Upturn in Future Prices Wear. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Jan. s.—Wheat continued its rally at the Chicago Board of Trade opening today, moving up ! % to % cent from yesterday’s strong finish. Corn was unsettled, off % cent to % cent higher, ,and oats were up % cent. Liverpool was strong to a major fraction higher in accord with the strength here late yesterday. Despite the backing and filling | trade of recent sessions, most operators looked for a gradual improvement in values. With large government expenditures outlined in President Roosevelt's budget, message yesterday, some traders expect the general public to re-enter the market. An enlarged demand for all commodities would result. On flour trade, the northwestern miller declared that while December volume of sales was smaller than a year ago. it was an improvement over November. Buyers now are beginning to feel that they need flour, the comment said. In flation ideas were revived suddenly when the budget announcement was made yesterday. Distribution of a huge sum of money in the coming months, it is expected, will increase employment, stimulate business and raise commodity prices, Chicago Primary Receipts —Jan. 4 Bushels. . , Todav. Last Week. Wheat 159.000 212 000 Corn 320.000 429 000 Oats 98.000 119.000 Chicago Futures Range —Jan. 5 Prey WHEAT— High. Low'. 10:00. Close. May 85 l 4 .84% .84% .84% July 83% 82% 83 .82% Sept 94% .84% 84% .84 CORN— May 52% .56% 51% .51% ?3;a .53% .53% .53% Se P* 04% .54% .54% .54% OATS— May 37% .37% 37% 37*4 RYE— May 58 Vi .57% .58 58 Ju ’y 60 .53% .59% .59% BARLEY— Jg; 52 ’* • 521/ -52% .52% July .52% „ „ ST. LOUIS CASH GRAIN By T nited Press ST. LOUIS. Jan. 4.—Cash grain’ Wheat —ln good demand, inouirv light- %c i nw _ er on red and %c higher on hard grades: No , 2 red. 88c bid and 89c asked- No 2 f^i. ft w rllck l- ® 6c: ,, No 2 hard. 86c: nominal. No 3 hard. 36c: sample, hard. 73%r; No. 2 mixed. 86’ 2 c. Corn—ln fair demandtone steady; nominally 1c higher at close 1 ao 0 ’ it, y fl 'ow, 49c: No 3 veilow. 48 1 4/’ lair inland. %c lower; No z wnite. 38c.

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