Indianapolis Times, Volume 45, Number 209, Indianapolis, Marion County, 10 January 1934 — Page 15
JAN. 10, 1934
Wall Street-
Business Operations Throughout Country Are Undergoing Rapid Changes—Tying Into New Deal. BY RALPH HENDERSHOT
Tim** Special Financial Writer Evidences are accumulating daily that business operations throughout the country are undergoing a rapid change. The standard of ethics is improving materially, and a more social viewpoint is being established. Business is fitting itself into the spirit of the New Deal more rapidly than a year or two ago would have seemed possible, and even in many quarters in Wall Street President Roosevelt’s ideals are being held up as a guiding light. One of the best evidences available of the cfianges which have taken place in the views of business men is afforded in the statements of Ernest T. Weir, chairman of the National Steel Cos., in a recent speech in
Philadelphia. He said that his company would never again make a general wage reduction below the present scale without the specific approval of the elected employes’ representatives of the company. Mr. Weir is a highly successful business man, and by no stretch of the imagination could he be called a radical. It is reported on excellent authority that he had been invited to become president of the United States Steel Corp. a few years ago. He is of the school which might be expected to place him out in the front ranks for rugged individualism. 800 Policy Not a Dangerous One The National Steel head’s attitude toward his workers is not necessarily a dangerous one. Asa matter of fact, it shoyld go a long way toward improving the relationship between the company and its employes, and, reduced to practical and material terms, stockholders should benefit. The so-called red labor leaders probably would not find a very fertile
Ralph Hendershot
field in his company if they were to seek adherents in the future. It is highly probable that the heads of our corporations have made a big mistake in the past in thinking they must adopt the overlord attitude toward labor. They have been representing the same class of people that President Roosevelt is now representing. The man in the street has owned the companies which they headed, and, while he has never had an opportunity to express himself on business policies, it is evident that he approves the changes which the President has ordered generally. * * * ana Managers Are Not Owners In the case of most of our large corporations the men who sit at the top are not the owners. Asa matter of fact, a survey at this time probably would show few of them even as large stockholders. Under such circumstances they should direct the corporations in accordance •'ith the wishes of stockholders, who are the actual owners. Carried a step further and viewed from a group standpoint, the owners of the large corporatioas are, to a large degree, the employes of those corporations And if it be contended that as employes they have little or no rights in the nictation of management policies their rights as owners of the properties can hardly be contested. The honest workman has an important stake in the welfare of the company by which he is employed. Moreover, most workmen today are intelligent It should not be so difficult for company managements and the elected representatives of company workers to gee eye to eye in the C “ pan,e^ half ' As a matter of fact, about the only actual difference between the position of the presidents of most companies and their 2 0 ] 6 ! 1S h3t the former have a greater responsibility, if the presiV 1 l i o / com P any ls billing to work for a reasonable salary the employe should also. And if the president is willing to take his ' proportionate - of ** ~
New York Stocks ‘By Abbott. Hoppln At yp.t —Jan. 10—
—Jan. 10.— Prev. Oils— High. Low. 10:30 close. Amerada 43 Atl Rig 20 28‘2 20 2#% BarnsOall . . ... 7 % Consol Oil ... 16 9% Com, oi Del ... ib% ie-4 Indian Rig 2% aim Cont Pet 11% li- 8 UlllO On ... ... 13 Pet Corp 9% Pniliips Pel ... . . lo Pure oil 10% Koyal outcn ... ... 30% Sou oil 2tt Sitt'lley Oil 8 SOC vac 10% 10% 15% 16% SO 01 Cal . . 30-b 30 30-* 30-4 b O of N J . 4o‘a -*4 3 4 44 3 4 44 3 4 bun oil ... ... 01-2 Texas corp 23% 4,0% 23% 23 ; a Tidewater Assn. .. ... ... 8* Lin oil of cai 18% 18- 8 Stce.s— Am Roil Mills ... 18% 18 Beth Steel ... 3oli 36 3b% 3a% Byers A .vl 23‘4 22 a 22 ‘-4 22 ‘a COl Fuel <B non .. ... 4 3 a uuif bts Steel. .. ... ... 28 ‘3 Inland Steel ... ... 44 Ludlum Steel ... 15% la% , Ivicivecsporv Tin. . ... ... 84 Nau Steel ... . au% aO% 00% 30*2 Rep 1 <St S 11 18 Vs 17 18 % Rep 1 A: S pid. .. ... 41 41 U S Smelt lOi luo Vanadium ... . . 21% Mm steel ... ... 12*4 Snell un ... 8% B*2 U o Pipe & lay 10 "-4 10V2 19-% 19% U s Steel 48 > 8 41*% 48* a 4 V/g U S Steel pld 9u 88 Youngs nS & T 22% 22 22*2 22*4 Kills— Atchison 57% 57% 57% 55% An cst Line.... 41*2 41- 4l*/2 40*2 B & O 23 V 2 23*8 Can Pac ... 13*4 15 * 4 Ch & Ohio 4039 7 a 30 • a 39 '3 C M & St P 4*2 ... C M & St P pld 7>4 7>/a Chi N W 7*4 Chi R ISI 3 Deia & Hud ... 56 55% 56 55*8 Erie ... 15 15 Ort North pld 10% 19% 19*2 10‘2 111 Central 301* 29% K C Sou 15 '2 15 15% 14% Lou <fc Nash ... .. 51 *4 M K & T B*4 8 Mo Pac ... 3V 4 3 Mo Pac pfd ... 4 7 a 5 N Y Cent 33% 33*8 33*2 33 N Y Chi & St L 15 N Y New* Haven 15 li-% N Y Cnt & Wes B*4 8 Nor Pac 22*a 22 22*a 22>* Penn R R . . 30‘ 4 29 3 4 30*4 29%. Sou Pac ...... 19% 19% 19 j 4 19*4 Sou R R .. ... 25% 251a Sou R R pfd 29 29 Union Pac ... ... 113 Wabash ... ... 2% West Mary ... 9% Motors — Auburn ... 48% 48*2 Chrysler 52% 52‘ 4 52*4 52 Gen Motors . . 35 1 4 35 35% 34% Graham Mot .. 2 7 a Hudson 14 13% 14 13% Hupp . . * 5 5 Macs Truck ... ... 35% Nash 25 24% Packard ... ... 4 4 Reo ... ... 3% Studebaker ... 5% 5 Yellow Truck 4 3 a Motor Access— Bendix 16% 16% 16% 16% Bonn Alum 56% 06 56 56 Borg Warner ... 21% 21 21% 21 Briggs 12% 12% 12-b 12** Buda Wheel ... ... 3% Elec Auto Lite. 19% 18% 19’a 18% Eaten Mfg ... 13% 13% Hand A ... ... 3% Murray Body ... ... 6% Timken Rol ... 30 30 Mining— Alassa Jun ... 21% 21% Am Smelt ... ... 42 5 a Anaconda 13% 13% 13% 13-4 Cal & Hecla 4% Cerro De Pasco. 34 33% 34 33% Gt Nor Ore. . .. 11% 11% Hoir.estake Min .. ... 319 Howe Sound ... ... Ins Copper ... .. 4% Int Nickel 21% 21% 21% 21% Kennecott Cop . 19% 19% 19*2 19*2 Noranda Cop ... 34 34 Phelps Dodge .... ... 16% 16*2 Pitts Coal ... 9% Tobaccos — Am Sum Tob 16 Am Tobacco A 69 Am Tobacco B . 71% 71 71% 71 Gen Cigar . .. . 29% L;gg * Myers B 80% 80% 80% 80*4 Lornllard 17% 17% Reynolds Tob B 44% 44*2 44% 44% Equipments— Allis Chalmers . . . 17 Am Car & Fdy. . 24% 24 24% 24 Am Loco . 27% 27% 27% 27% Am Mach A- Fdy 13% Am Steel Fdv ... ... 20% 20 Bald Loco 11% 11% 11% 11% Burroughs ... ... 14% Case J I 66 66 Cater Tract 24% Col Palm Peet .. .. 9% 9% Congoleum ... ... 23% Elec Stor Bat 45% Foster Wheeler 13 Gen Am Tk Car 34% 34% 34% 34% Gen Elec ...... 19% 19% 19% 19*4 Gen R R S;g .... ... ... 33% Ingsol Rana ... 60% 60 Int Bus Mach .... ... ... 140 Int Harvester .... ... 38% 38% Keivinator 12% 12 Natl Cash Reg.. 18 17% 18 17% Proc Ac Gamble 36% 36% 36% 36% Pullman Inc 52 Simmons Bed 17% 17 %• Und Elliot 36% West Air B ... 27% 27% Westingh Elec , 38 37% 38 37 Utilities— Am & For Pwr. ... 8 7% Am Power & Lit 6% 6 6% 6 AT&T 113% 112% 113 111*2 Am Wat Wks . . 16% 17% 18% 17% Brook Un Gas ... €2% Col Gas & Elec 11% 11% 11% 11% Com & Sou .... 2% 2 2*a 2 Consol Gas 37% 37 37% 36% Elec Pwr & Lit 4% 4% E P & L pfd 8 Ibt TANARUS& T 15% 15% 15% 14% Lou G & E A 15 Nat Pwr & Lit 8% 8% North Amer 14*2 14% 14*5 13% Pac GAr E 15% 16 Pub Serv N j 35% 34% So Cal Edison 16% 16% Std Gas . . 7 6% Std Gas pfd ... 7% United Corp ~ 4% 4 s * Un Gas Imp 15 14% Ut Pwr & Lit A 2% Ut Pwr & %t A . 2% Western Union.. 56% 56 56 % 55% Rubbers— Firestone .. 18% Goodrich is 13
Goodyear 3514 34 .v U S Rubber ... 4 34 7 8 u S Rubber pfd, . . " 15 i i /s Ke Sprin * ::: 2% % Amusements— Crosiey Radio Fox Thea ' Loews Inc )2% Radio Corp 7 hi 2 e-/ 4 26T# RKO . . ‘ 6 4 6'/ 8 Warner Bros " ’" 4 t Foods— Ain Sugar Armour iAi 47 8 Beatrice Cream y * 2 4 ? 8 Brtws* : : ’ c2i,° ** 857 ltt Corn Prod 743i '74U, 25,, Gen Foods ... 74 3 4 Gold Dust ... ” ?nt^aft URar 29% 29 &/< 28% Loose Wiles 7J! 2 Natl Biscuit. ' ' li-* Natl D Prod..V. \\s 4 ®' Purity Bak ' ' 13/2 }2; 8 S Porto Rico S.. I? 8 Std Brands 21 26% '2l sL? Wrig4 Fnnt ... 61 , 6C * 61 | * Retail Stores— Asso Dry Goods .. Best & Cos •” 73 Gimbel Bros Gimbel pfd .... ” , 4 ! 8 Gr Un Tea > Hahn DeptSts.. .] ’” i.f Jewel Tea 0 4 ' Kresge S S. .. 77 Kroger Croc i? Macy R H. .. “J., May Dept St 2i?/ 4 Mont Ward ~, B 2?.' s Penney J C ii * 4 Safeway St 54 } 4 Sears Roebuck 41% 41 413: Iji 4 Woolworth . ... 43% 43% 4334 3 Aviation— Aviation Corp Douglass Air . ii '%% 'l7 ,i 3 8 Curtiss Wright.. 8 4 S? 4 Curtiss Wri (A) 1 8 ?,'? Nor Am Av 5% United Aircraft 3i% 31 4 Chemicals— Air Reduction .. 97% 96% 97% ori/ Allied Chem ....146% 146 146% 146 2 Am Com Alcohol 56% 55% 56 V 2 541^ fK~rr“. 85; 8$ & EKc.Tr:::: ?’• ’• ;■ Math Alkali.... 2734, ,I.’ Tex Gulf Sulph 38% 38% 38% 38% Union Carbide . 46 4534 4 2 jfi? u S Indus Alco.. 59 57% 583. t-l* Na iru?s— meW> 261/8 251/2 26 25 % Coty ?nc 4., Lambert ,2 74 Lehn & Fink , j s/ Zonite Prod 6% 6 ' 6% Financial— Adams Exp 7 g% 7 ri/ Allegheny Corp .. 314 3, 8 Chesa Corp 4 35 Transamerica . . 6% 6% "isi as-i Tr Conti Corp 4 : 4 $3? Building— 4 2 4 8 Am Radiator 143. ,41 Gen Asphalt ... 8 }?,• : K 8 81‘ IVi a.. ,7 a; Ulen Const ... Jo' Miscellaneous— • 4 Am Can 0514 Brklyn Man Tr .32% 32% 323/i 32 Conti Can 76% 76 76% 76 Eastman Kodak Rn Owens Bottle 70 Gillette 914 0% GHdden 16% 16% 16% 16% Ind Rayon 7gi! Inter Rapid Tr 115? Real Silk Hose
U. S. Government Bonds
By United Prtss ,r^?.^oiY ORK Jan —Closing Liberties. (Decimals represent thirty-seconds. Libertv O : 2S 132-47) inn First 4 1 *s (32-47) 101 12 Fourth 4*4s (33-38) i!!; i0i.24 Treasury •* l *s 147-52 > ins 16 4%5-3%s ,43.45, ::::::::: EiT 3%s 143-4,1 99 3%s i4l-43) March 99 3%s ,40-43) June 99 4 3%s ,46-49) 96 3s , 51-55) 94 3 3%s 1411 98.6
Federal Farm Loan Bonds
FEDERAL FARM LOAN BONDS By Blyrh & Cos.. Inc. —Jan. 10.— Bid. Ask 4s Nov. 1. 1957-37 87 89% 4s May 1. 1958-38 87 89% 4%S July 1. 1956-36 88 90% 4%s Jan. 1. 1957-37 88 90% 4%s May 1, 1957-37 88 90% 4%s Nov. 1. 1958-38 88 90% 4%s Dec. 1. 1933-32 90% 92% 4%’S May 1. 1942-32 .* 92 94% 4%s Jan. 1. 1943-33 90% 92% 4%s Jan. 1. 1953-33 90% 92% 4%s July 1. 1953-33 90% 92% 4%s Jan. 1. 1955-35 90% 92% 4%s July 1. 1955-35 90% 92% 4%s Jan. 1. 1956-36 90% 92% 4%s July 1. 1953-33 92 94% 4%s Jan 1. 1954-34 92 94% 4%s Julv 1. 1954-34 92 94% 5s Mav 1. 1941-31 97 98% 5s Nov. 1. 1941-31 97 98% Home Loan 4s. July 1. 1951 ... 93% 94% CHICAGO FRIIT MARKET By United Press CHICAGO. Jan 10 —Apples—Michigan Jonathans, bushel. SliloO; Baldwins, bushel. $1.25® 1.40. Carrots—lllinois 50® 60c bushe) Spinach—Texas. 75c® slls busnel. Beans—Southern green 51.756,2 bushel; wax. $2 25®2.50 Mushrooms—lllinois. 15® 30c pound cartons Cucumbers —Southern. $2 75® 3.75. Tomatoes—Florida. sl.7s'® 2.75: Illinois and Ohio hothouse. $14,125 Leaf lettuce—lllinois hothouse. 10® 12%c box. Celery—Michigan. 25® 85c square crate Cafcbase—Wisconsin. $2.25. 100 pounds Sweet potatoes—lllinois. $1.25® 1.50 bushel; Indiana. $1.50® 1.90, Onion market. 50 pound sacks: western Valencias. *1.40* 1.50: central, western yellows. $1.25tj1.40, western whites, $2.
REPEAL SHARES LEAD ADVANCE IN STOCK LIST All Issues Climb Fractions to Over a Point on Bright News.
Average Stock Prices
Average cf thirty industrials for Tuesday: High 98 53, low 97.07. close 97.57. up .84. Average of twenty rails: 40.97. 40.18. 40.60. up .48. Average of twenty utilities: 23.11, 22.55, 22.80. up 38. Average of forty bonds: 85,08. up .28. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Jan. 10.—Prices firmed up fractions to a point at the opening on the Stock Exchange today while cotton ruled firm; gold was unchanged at $34.06. bonds were steady; the dollar declined, and business news continued favorable. Wet stocks made the widest gains. American Commercial Alcohol opened at 55%, up %, and then rose to 56. National Distillers and U. S. Industrial Alcohol made smaller gains. The trend of the market w r as upward in the early dealings. Demand was noted for steel shares on good news from the industry. The Iron Age noted no change in operations but predicted a substantial pickup before the end of the first quarter on railroad and automotive demand. Rail demand was noted today with Atchison in the market for 33,800 tons of rails. Steel common opened at 47%, up Vs., and then rose to 48. Bethlehem firmed up fractionally. Buying continued in the railroad division on the good showing in car loadings by the roads reporting thus far for the week ended Jan. 5. Delaware & Hudson firmed up to 56 from an opening of 55%, up *4. Kansas City Southern jumped a point to 15% and smaller gains were noted in Delaw-are, Lackawanna & Western, Southern Pacific and Atlantic Coast Line. Tobaccos ruled firm, holding their broad gains of yesterdly which followed a rise in the price of popular brands of cigarets.
Bank Clearings
INDIANAPOLIS STATEMENT —Jan. 10 — Clearings $1,824,000.00 Debits 5,018.000.00 TREASURY STATEMENT —Jan. 10— Net balance $774,721,644.64 Misc. int. rev. repts 9,835,545.04 customs reept. mo to date 7.241,981.75 New York Curb ,Bv Abbott. Hoppin & Cos.) —Jan 9 Close Close Allied Mi 115.... 8 Glen Alden Coal 11% Alum Cos of Am 71% Gulf Oil of Pa.. 59% A Cyanide ,B, 15% Hiram Walker. . 53% Am & For P W 5% Hud Bay Min... 9 Am Gas & El.. 19% Humble Oil 33% Am Superpower 2% Imperial Oil Ltd 13% Atlas Corp .... 10% Int Petrol 20 Axton Fisher T 64% Lake Shore Min 46% Brazil Tr & L 12% Lib McN Libbv. 34 British A T (Ai 29VLone Star Gas.. 6% Can Indu A (Al 18%’Massey Harris.. 4% Can Marc 2%'Mt Producers... 4% Carrier Corp .. 6 Natl Bellas Hess 2Vo Cities Serv 2% Newmont Min... 51 Com’nwealth E 39%'Nia Hud Pwr... 5 Consol G of Bal 53% Park Davis .... 23% Cord Corp .... 6% I Penn Road .... 2% Creole Petrol... 10% St. Regis Paper 2% Crown Ck Inti. 6% Sal Crk Prod... 6% Deere & Cos ... 27%iSherwin Wms... 50% Distillers Lim.. 2% Std of Ind 31% Distillers Corp 23% Std of Ky 14% El Bd & Share 11% Teck Hughes Gd 5% Fisk Rubber . . 9% Un Gas 3% Ford of C (A) 15% Un wr & L (A) 2% Ford of Europe. s% ; Wri Harg Min.. 7 Great Atl & P. 123
Foreign Exchange
(By Abbott. Hcppin & Cos.) —Jan. 9 Close. Sterling. England $5.08% Franc, France 0610% Lira. Italy 1017% Belgies, Belgium 2169 Mark, Germany 3710 Guilder. Holland 6260 Peseta, Spain 1286 Krone, Norway 2560 Krone. Denmark 2275
Daily Price Index
By United Press NEW YORK. Jan. 9.—Dun & Bradstreet's daily commodity price index of 30 commodities compiled for the United Press: (1930-1932 Average. 100) Todav 102.46 Yesterday 102.09 Wee!- ago 101.50 Month ago 101.28 Year ago 71.02 1933-1934 high (Ju v 18( 113.52 1933-1934 low (Jan. 20, 67.86 Copyright, 1934, by Dun & Bradstreet, Inc.
Investment Trust Shares
(By Abbott. Hoppin & Cos.) —Jan. 9 American Bank Stocks Cor , .75 .85 American & General Sec. A . 4,50 5.50 American & Inv. Tr. shares.. 1.50 2.50 Basic Industry shares 3.25 British Type Inv. Tr. shares. ,44 .50 Collateral Trustee shares A. . 4.40 5.00 Corporate Trust shares (old). 2.00 2.05 Corporate Trust shares mew) 2.24 2.26 Cumulative Trust shares .... 3.88 Diversified Trust shares A . . 6.25 Diversified Trust shares B 7 20 7.40 Diversified Trust shares C .. . 2.95 3.00 Diversified Trust shares D . . 4.60 4.70 First Insurance Stock Corp... 1.29 1.33 First Common Stock Corp 83 .98 Fixed Trust, Oil shares A . . 8.20 8.35 Fixed Trust Oil shares B ... Incorporators Investments . . 17.14 18.61 Land Bank Bond shares ... .92 1.92 Low Prices shares 5.32 Mass Inv Trust shares 17.31 18.81 Nation Wide Securities 3.07 3.12 N. American Tr shares , 53). 1.78 N. American Tr shares (55'). 2.25 2 28 N. American Tr shares ,58, . 2.37 2.62 Selected American shares . 250 Selected Cumulative shares .. 6.40 Selected Income shares 3.30 3.70 Std American Tr shares A 2 86 2 92 Trust Shares of America . 2.70 2.75 Trustee Std Oil A 5.05 5 15 Trustee Std Oil B • 4,87 5 00 U C Electric Lt & Pwr A . .. 9.75 10.00 Universal Trust shares 2 95 3 00
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 Jl4 25 Coke nut size 875 Coke, egg size 8 75 Indiana, forked lump 5 50 Indiana, egg SGO Indiana, mine run 475 Kentucky lump 700 Pocahontas lump 8 25 Pocahontas egg 8.25 Pocahontas forked lump 525 Pocahontas mine run 725 New River smokeless 825 West Virginia lump 6 75 West Virginia egg 6.56 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and tl a ton for coal carried to bln. NEW YORK COFFEE FUTURES —Jan. 9. Santos , High. Low. Close. January 910 March 9.35 9 29 9.29 May 9 47 9 42 9.44 £ ul y 9.56 953 953 September 9 90 9 85 9 85 December 9.37 9.94 9.94 Rio January 6 56 March 6.70 6 69 6.70 May 6 90 6 84 6 85 July 7 00 6 99 7.00 September 7 11 December 7 26 7 24 7.24 NEW YORK RAW SUGAR FUTURES —Jan. 9. . High. Low. Cloese. January 1 16 March 122 1.21 1.21 May 1.20 1 27 1.27 July 1 34 1 32 1.32 September 1.39 1.37 1.38 December 1.44 1.43 1.43
THE INDIANAPOLIS TIMES
Chicago Stocks ' — -By Abbott, Hoppin At Co.i
TOTAL SALES 2*ooo SHARES —Jan. 9 High. Low. Close. Abbot Lab 40 Acme Steel Cos ... 28 Advance Aluminum . ?% Asbestos Mfe 3% 3% 3** Associated Tel <k Tel A % % ‘a Associated Tel & Tel 6% .. .. 8% Bastian-Blessinz 5, Bendix Aviation . .. 16% 16Mi 16% Binks Mfe 1> Bcrg-Warner 21% 20% 21% Brown Fence ta Wire B .. 2 E L Bruce Cos 10 Bucvru.i-Monighan Cos • ly, s Butler Bros Cent 111 Pub Serv pfd I*,, Cent Pub Util % Vs % Cent & So West % Cent & So West pfd * Chi & North Western.. 7% 7 7% Chicago Coro Com 2 l'e 2 Chicago Corp pfd 22% Cities Service 2% 2 2 Commonwealth Edison 40% 39 40 Cord Corp 6% 6% 6% Crane Cos ]Vs Dexter Cos 4 General Candy Corp * Great Lakes Aircraft 1 Great Lakes Dredge .. 21% 21 21 Grigsby-Grunow % % % Hall Printing 3% Hibbard. Spen. B & Cos . . ... 28 Houdaille-Hershey (A, 11 Illinois Brick 4% 4 % 4% Iron Fireman g Kalmazoo Stove 20 Katz Drug 21% Kellogg Switch com 24a Law beck Corp. 6% pfd 22 Libbv-McNeil 3% 3 3-* Lindsav Light 3 Lynch Corp 30 % McWilliams Dredging Cos 15% Mickelberry’s Food Prod 2% Middle Tel ... l,a Middle West Utilities... % Vs % Midland United % Mosser Leather • • • 1% Muskegon Motor Spec A . . ... | 2 Nachrfiann Springfilled.. a% 5% 0% National Battery l% Noblitt-Sparks Ind Inc . . 12% 12% 12 2 Northwest Bancorporat 5% 4% 4% Penn Gas & Elec Prima Cos i,‘ Process Corn • • • Quaker Oats 120 H?iQuaker Oats pfd ....116 115% 115% Sears Roebuck 4 ] 2 Stand Dredg Cos pfd .. .. • 4 Storkline Furniture 4% 4% J 2 Swift &Cos 14% 14V. 14% Swift Intern 25 2a /x 25 /2 Thompson J R "Vs " a 7 8 Transfor Corp of Am .. .. 8 Utah Radio 1% 15/al 5 /a 1% Utility & Ind pfd * Vortex Cup Cos A • ••• 25 8 Wahl IVa 1 1
Produce Markets
Delivered in Indianapolis prices—Hens, lOVic; Leghorn hens. TVic; heavy springers over 5 lbs., 11c: under 5 lbs., 9c, Leghorn springers. 7c; stags 8c: Leghorn stags, 6c; cocks, 5 lbs. and up, sc; under 5 lbs.. 4c: ducks. 4% libs, and over, full feathered and fat, 6c: under 4/a lbs.. 4c; geese, full feathered and fat. 6c. Turkeys—No. 1 young hens. 8 lbs. and over, 11c; No. 1 young toms. 12 to 20 lbs., 13c; No. 1 young toms over 20 lbs.. 13c, old toms, 10c; No. 2 tnm crooked breasted. 6c: young guineas. 1%. to 3 lbs., 35c; old guineas. 25c; No. 1 strictly fresh country run eggs loss off. 16c. 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"S 26c; No. 2. 22® 23c. Butterfat—l4c Quoted by the Wadlev Company. W BY UNITED PRESS CHICAGO, Jan. 10.—Eggs Market, steady; receipts, 3,853 cases; extra firsts, 21c; fresh graded firsts. 20c; dirties. 12<77; 15c; current receipts, 18%c- checks. 12 t 14 1 2 c. Butter—Market, firm; receipts, 4.488 tubs: storage extras, 92 score, 18c; storage standards, 90 score, 18c; extra firsts, 90-91% score, 17-%® 18c; extras, 92 score 18%c; firsts. 88-98% score, 17%fe 17%c; seconds. 86-87% score. 16%c; standards 90 score, 18%c; specials, 194|19%c. Poultry—Market, steady to weak; receipts, 45 trucks- no cars in or due; turkeys, 12® 14c; liens, 12c; Leghorns, 10%c; colored springs. 14c; roosters, B%c; chicks, 11c; ducks, 9® 11c; geese, 9c; black chicks, 8c: Plymouth Rod:s. 14c; rocks, 15c. Cheese—Twins. 10v 2 ftU0%c; Longhorns, llfffill'ic Daisies, 11%<HIIV2C. Potatoes — Supply, moderate; demand and trading moderate; market, steady; Wisconsin Round Whites, $1.65411.70; Minnesota and North Dakota Red River Ohios, $1.50® 1.55; Idaho Russet, $1,904/1.95; few fine qualities $2; Colorado McClures, $1.92%® 2. CLEVELAND. Jan. 10.—Butter—Market, firm- extras, 22%c; standards 22Vic per lb. in tubs. Eggs—Market steady; extra whites. 21c; current receipts, 19c; pullets, 15c Poultry—Market barely steady; colored fowl 4% lbs. and up. 13® 15c; colored fowl medium. 13c; Leghorn fowl, 31/2 lbs. and up. 12c; Leghorn fowl light. 10c; springers rock, 5 lbs., and up. 15c; springers colored 4 lbs. and up. 13c; colored broilers. 18c; capons 8 lbs. and up. 22c; ducks white. 5 lbs. and up. 15c; ducks light 12c; geese heavy fat. 13® 14c; ordinary. 12c: old roosters. Bc. Potatoes—(All quotations based on United States No. 1 and 100 lbs. sacks). Maine Cobblers and Green Mountains best. $2.25; fair stock. $247 2.15; Idaho Russet Burbanks. s2® 2.15; partly graded 51.90; Ohio. $1.50® 1.75 according to quality'; New York best. sl® 1.05 per bushel: Michigan. [email protected]; Bliss Triumphs Louisiana, $1.60 per 50-lb. sacks; Colorado brown beauties. $2®2.10; Indiana $1.75® 1.85.
DEMOCRATS SUPPORT MEETING OF EDITORS Committee Pledges Aid to Midwinter Session Feb. 17. Full co-opsration of the Democratic state committee to make the Democratic Editorial Association midwinter meeting, Feb. 17, a success was pledged todayThe committee held its monthly meeting at Claypool headquarters and heard reports from Chairman Carleton B. McCulloch and Secretary Keith Johns. Registration law plans and district Democratic meeting were discussed. JEWISH PARENTS HEAR CINCINNATI EDUCATOR Told Children Should Be Taught Pride in Heritage. “The Jewish child should be taught to be proud of his heritage,” Dr. Emanuel Gamerson, educational director of the Union of Hebrew Congregations, Cincinnati, 0., told the Parent-Teacher Association of the Indianapolis Hebrew congregation last night. “We must face the problem of a way to reach our children so that they will be happy,” he said. “We must develop their characters so that they will be happy while a member of a minority group which from time to time has been persecuted.” ROTARY HEARS OF AID TO CWA BY BUILDERS W. M. Holland Relates How U. S. Overcame Debt Obstacles. Co-operation of the construction industry with the civil works and public works administration was described yesterday by William M. Holland, executive secretary of the Indiana Highway Contractors, Inc., before the Rotary Club. Mr. Holland pointed out that the PWA legal restrictions prevented many municipalities and taxing units from participating. The $1.50 tax limitation law made it impossible for most units to supply the security for their seventy per cent share of the costs, he said, and the CWA was pushed through by the government to place money quickly into the hands of the unemployed. URGES INDIANA WOMEN HELP BAN CHILD LABOR Industrial Board Member Desires Action by Legislature. Women were urged to see that the next Indiana legislature approves the child labor amendment to the United States Constitution by Mrs. Man- L. Garner in an address yesterday before the Marion County Democratic Woman’s Club at the Washington. Mrs. Garner is director of the women's and children's division of the state industrial board. She pointed out that child labor already has been eliminated under NRA, but it should be banned forever by the amendment.
SWINE VALUES DROP 15 CENTS; CATTLESTRONG Lamb Market Stationary; Vealers Steady at $6.50 Down. Porker prices continued weak at the Union Stockyards this morning, with the majority of all classes selling around 15 cents lower than yesterday's average. Initial trade developed slow and demand remained around normal. The bulk, 160 to 275 pounds, sold for $3.45 to $3.60. while early top held at $3.65. Weighty grades from 275 pounds and upward were salable at $3.25 to $3.40. Lighter kinds scaling 130 to 160 pounds sold at $2.90 to $3.25, while smaller slaughter pigs from 100 to 130 pounds brought $2 to $2.65. Receipts were estimated at 8,000. Holdovers, 332. Activity increased in the cattle market and most classes were strong to slightly higher than yesterday’s session. Pew early loads of steers sold at $6.10 to $6.75. Several other grades moved slow and were valued to sell at $5.50 down. The stock showed little change. Receipts numbered 1.500. Vealers remained steady at $6.50 down. Receipts were 600. With only slight action displayed in the lamb market, practically all classes remained steady. Few native grades held strong at $7.50 to SB, while fed westerns were higher. Receipts numbered 700. Asking was stationary on hogs at Chicago, with no early bids evident. Initial talking was around 10 cents lower than the previous session. Receipts were estimated at 34,000, including 8,000 directs; holdovers, 5,000. Cattle receipts were 12,000; calves, 2.000; market weak. Sheep receipts were 10,000; market strong. HOGS Jan. Bulk Top Receipts 4. $3.50® 3.65 $3.65 9 000 5. 3.60® 3.75 3.75 6.000 £• 3 85 3.85 3,000 8. 3.75® 3.85 3,90 8,000 9. 3.60® 3.75 3.75 9.000 10. 3.45® 3.60 3.65 8.000 Market, Lower (140-160) Good and choice $ 3.10® 3.25 —Light Weights— Good and choice ... 3.60® 3.65 (180-2001 Good and choice.... 3.60@ 3.65 —Medium Weights— Good and choice.... 3.55® 3.65 (220-250) Good and choice.... 3.50@ 3.55 —Heavy Weights—f?Qn'??n! £ OO 3 an s c £ oice -3.40® 3.45 (290-350) Good and choice. .. 3.30® 3.40 —Packing Sows—(3so down) Good o 60® 2 85 J 3 3? up) Good ’. 2.50® 1.75 (All weights) medium 2.00® 2.50 —Slaughter Pigs—-(loo-130) Good and choice... 2.00® 2,65 CATTLE Receipts. 1,500; market, steady. <T,050-1,100) Go °d and choice .. f. $ 5.50® 6.75 (1100 1 -?500)- and ™ edium 3.75® 5 - 50 Good and choice 5.00® 6.65 and mec fium 4.00® 5.00 (675-750) Good and choice 5.00® 625 5?s I n , S£!?> and medium 3.00® 5.00 (750-900) Good and choice 4.00® 600 Common and medium 2.75® 4,50 —Cows— Good $ 2.75® 3.50 Common and medium 2.25® 2 75 Low cutter and medium 1.25® 2.25 —Bulls (yearlings excluded) Good (beef steers) 2.50® 3.25 Cutter, common and medium 1.50® 2.50 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-500) Good and choice 3.50® 5 00 Common and medium 2.00® 3.50 —Feeder ana Stocker Cattle—-(soo-900) Good and choice 3.75® 4 75 Common and medium 2.50® 3.Y6 (800-1,500) Good and choice 3.75® 4 75 Common and medium 2.50® 3.75 SHEEP AND LAMBS Receipts, 700; market, steady. '9O lbs. down) Good & choice S 7.50® 8.25 (90-110 lbs.) Good and choice 7.00® 8. 00 (90 lbs. down) Com. and med.. 4.50® 7.00 —Ewes— Good and choice 2.25® 3.25 Common and medium I.oo® 2.25 Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111.. Jan. 10.—Hogs— Receipts, 9,000; including 1,000 through and direct; market, slow; early sales steady; few pigs unchanged: desirable 160200 lbs., 53.60; top. $3.60; few 220-230 lbs.. $3.50; 130-140 lbs.. $2.90413.25; 90-120 lbs., $2®2.75; bulk sows. $2.4041 2.60. Cattle— Receipts, 2,500; calves. 1,200: market opened about steady on steers; mixed yearlings and heifers steady to strong; cows ana bulls 10® 15c higher; vealers unchanged with top kinds. $6.25; a few steers, $4.75@6; mixed yearlings and heifers, $4®5.50; top mixed. $6.40; cows, [email protected]; low cutters. $1.504i2; top sausage bulls, $3.35; slaughter steers. 5501,100 lbs., good and choice. $5.25®6.50; common and medium, [email protected]; 1.100-1.500 lbs., choice, $506.25; good, $4.25®5.25; medium, $3.75® 5.25. Sheep—Receipts, 1,200; market, few sales about steady; desirable wooled lambs, $7.75®8.25; small lots hand picked slightly higher; throwouts. s4@s; fat ewes. $3(33.50; lambs. 90 lbs. down, good and choice, $7.5008.25; common and medium. s4® 7.75; 90-98 lbs., good and choice. $7.50<3 8.25: yearling wethers, 90-110 lbs., good and choice, $4.75 @6.50; ewes, 90-150 lbs., good and choice, $2.25® 3.50; all weights, common and medium, [email protected]. FT. WAYNE, Jan. 10.—Hogs—15 to 20c lower; 160-200 lbs.. $3.55; 200-250 lbs., $3.45; 250-300 lbs., 33.35: 300-350 lbs.. $3.15; 150-160 lbs.. $3.05: 140-150 lbs.. S2 95: 130140 lbs., $2.75; 100-130 lbs;, $2.40; roughs, $2.50; stags, $1.75. Calves—s6.so; lambs. $7.75. LAFAYETTE. Jan. 10.—Hogs—Market. 10® 15c lower; 170-225 lbs., [email protected]; 225275 lbs., [email protected]; 275-325 lbs.. $3.10® 3.15; 140-170 lbs.. $2.90® 3.10; 120-140 lbs., $2,45®2.75; 100-120 lbs., $1.75®2.25; roughs, $2.75 down; top calves. $5.50; top lambs, $6.50. CLEVELAND, Jan. 10.—Cattle—Receipts, 250: market less active. but holding steady; choice steers. $6®6.50; good, 6001.000 lb. heifers, $4.25® 4.75.; good cows, all weights, $2.50®3. Calves—Receipts. 450; market fairly active with best vealers selling freely at $7.50 top; choice to Frime, [email protected]; choice to good, $6.50®7; air to good. ss® 6.50. Sheep—Receipts, 1,100: finest lambs slightly higher at $8.50 top; all sold early: choice wethers, $2.50® 3.25: choice spring lambs. $8®8.50; good to choice. $7.50118: medium to good. s6® 7.50. Hogs—Receipts, 2.500; market active and fully steady; heavies. $3.60; choice mediums. $3.75® 3.85; choice Yorkers. $4,25; stags. $1.25© 1.50; roughs. $2.2592.50; pigs. [email protected]. By Times Special LOUISVILLE. Jan. 10.—Cattle —Receipts, 225. including 73 direct; fairly active, fully steady; bulk common to medium steers and heifers, [email protected]; better finished fed kinds quotable. $5®5.50 and above; bulk beef cows, 52.25® 2 75; practical top. S3; low cutters and cutters. $1.25®2: sausage bulls mostly $3 down; bulk common to medium native stockers and feeders salable. $2 5093.50: well bred Hereford heifer stock calves mostly $4.50. Calves —Receipts, 150; better grade vealers 50 cents higher at $4.50 9 5.50 for the bulk medium; lower grades unchanged at $4 down. Hogs—Receipts. 1.100, including 255 direct; unevenly 5® 10c lower, with sorting changed: 160210 lbs.. $3,75; 215-250 lbs.. S3 65: 255 lbs. up. $3.50: 130-155 lbs.. $3.40: 110-125 lbs., $2.75; 105 lbs. down. $1.80: sows. $2.40; stags. sl.lO. Sheep—Receipts. 25, steady; bulk medium to good iambs. [email protected]: choice kinds salable to $7; bucks discounted. SI: throwouts mostly. $4. desirable fat ewes. $2. Urge Investigation of Rates Two hundred residents of Riley, Ind., today petitioned the public service commission for investigation of rates charged by the Northern Indiana Power Company. Fire Reports William Coons. 5706 West Morris, frame, tire and battery shop. $4,000. Ralph Perrv 5702 West Morris, frame, barber shop, $2,000. George Mitchell 5770 West Morris, frame residence, total loss.
-Today and Tomorrow
Supreme Court Ruling in Mortgage Case Reveals Tribunal’s Attitude on New Deal. BY WALTER LIPPMANN
FROM the opinion of the supreme court on the Minnesota moratorium it is possible to obtain a fairly clear idea of the principle by which the court likely is to judge the great mass of new legislation recently enacted. The case before the judges turned on whether a statute of Minnesota, to relieve mortgagors, was contrary to the provision in the federal Constitution against the impairment of contracts. The details of the statute, of the particular case, and of the argument from precedent we may leave to the lawyers. Our concern is with the general principles which were invoked by Chief Justice Hughes in the majority opinion holding the Minnesota statute constitutional. For pre-
sumably his statement of principles in this case discloses what wIU be the mind of the majority in considering the body of the new legislation. The basic principle is that the power exists in American government to protect “the vital interests of the people.’’ “We must never forget,” says the chief justice, quoting Marshall, “that it is a constitution we are expounding ... a constitution intended to endure for ages to come, and consequently, to be adapted to the various crises of human affairs.” The legislature and the supreme court of Minnesota had declared that an emergency existed which threatened many of the people with “the loss of homes and lands which furnish those in possession the necessary shelter and means of subsistence.” The chief justice finds that the Minnesota estimate of the facts of the situation “can not be regarded as a subterfuge or as lacking in adequate basis” and that
it is “beyond cavil” that there were conditions in Minnesota “urgently demanding relief.” In other words, this law to postpone the redemption of mortgages and prevent foreclosure was honest. It responded to a true estimate of the facts. It was not a sly device for enabling debtors to cheat their creditors. Thus it transpires that the court holds that extraordinary legislation may be justified provided it is clear that it deals with a real public need. Apparently the court will insist upon being convinced that the extraordinary laws are what they profess to be: Measures to protect the public interest under extraordinary circumstances. A layman reading this opinion must I think, conclude that the court will insist upon evidence that the new laws do not mask ulterior purposes; that under the guise of protecting “the vital interests of the people” in an emergency they are not permanent alterations in established obligations and in the established limitations of government power. The court does not say that a legislature may do what it likes on the plea that there is an emergency. It says that a legislature may do what is necessary, but what it does must be done sincerely, candidly, and with plain and specific relation to the actual situation. In recognizing that power exists to deal with the emergency the court, furthermore, lays down the rule that extraordinary legislation must' be “temporary in operation . . . (and) limited to the exigency which called it forth.”
800 A LEGISLATURE, for example, may relieve debtors in a crisis by giving them a moratorium, but it can not cancel their debts for all time to come. This statute runs until May 1, 1935. “The operation of the statute,” says the court, “could not validly outlast the emergency or be so extended as virtually to destroy the contracts.” This appears to be quite in line with other decisions in recent years which draw’ a rather sharp line between temporary and permanent legislation. Toward temporary laws to meet a crisis the court is very liberal. It recognizes that the power exists to do any reasonable thing to meet a crisis, be it war, or earthquake and flood and fire, or an economic convulsion. But law’s which are to be permanent it quite evidently intends to scrutinize carefully and to judge by much stricter standards of constitutional powers and rights. Although the Minnesota decision is by a narrow majority of five to four, few reasonable people ever have doubted that the court would uphold emergency legislation that was patently sincere. It would be a strange Constitution which prevented a legislature from using its best judgment to protect its people during a great calamity, which bound it so that in the theoretical interest of the creditor it could not act to prevent a disaster which would overw’helm creditor and debtor alike. But at the same time this decision by the so-called “liberals” of the court makes it perfectly clear that permanent changes in American institutions can not be WTOught by subterfuges, by exploiting the emergency for ends which, however good in themselves, are not part of the emergency. This is the genuine liberal doctrine. It contemplates a government of powers adapted, as Marshall said, to the various crises of human affairs. But it contemplates also a government in which permanent changes in institutions must be made only by the considered action of the people, by the people and tneir representatives when the issues are presented squarely, when they have had the opportunity to know what they are doing, when they are not confused by the pressure of an immediate crisis and are under no compulsion to assent to what they do not really believe in because they are frightened by a great, but temporary danger. A constitution which is flexible enough to enable governments to deal with a crisis and yet strong enough to withstand temptation to scrap essential parts of it in moments of excitement likely is to weather many storms. The Constitution w’hich the chief justice has once more expounded is the constitution which the great mass of the people have believed in. (Copyright, 1934. by The Times) CHURCH SCHOOL TO TEACH LEADERSHIP Broadway Methodists Name List of Directors and Courses. Newly organized groups for personal enrichment and preparation for leadership will meet at 7 tomorrow night in the Broadway Methodist church, following a fellowship dinner. J. Curtis Weigel is dean of the school. Courses and directors include: “Parents Own Problems,” Mrs. George B. Cannon; “How Can Christian Young People Build a Better World?,” Miss Ethel Bryan; “Working With Juniors in the Church,” Mrs. H. M. Glossbrenner; "Bird’s Eye View of the Bible,” Dr. Richard M. Millard; “The Mission of Christianity,” Miss Emma White, and “How Can the Church Help Build a Better World?,” Byron A. Schnell.
WHOLESALE TRADE IS LARGEST IN 4 YEARS Increase of 35 Per Cent Reported Over Previous Period. By Times Special NEW YORK, Jan. 10.—Indications that 1934 brought an upward surge in business were seen today in figures showing that the number of retail buyers arriving at local wholesale markets for the past week was the largest for any similar period in four years. The increase over 1933 was 35 per cent. According to the New Y'ork Times statistics buyers here totaled 1,346 last week. Largest number since the week of Jan. 29, 1930. A year ago only 992 store representatives were registered.
Lippmann
The City in Brief
TOMORROW’S EVENTS Advertising Club luncheon, Columbia Club. Engineering Society luncheon. Board of Trade. Sigma Chi luncheon, Board of Trade. American Business Club luncheon, Columbia Club. Shrine Caravan Club luncheon, cathedral. Acacia luncheon, Harrison. lUini Club luncheon. Columbia Club. Real Estate Board luncheon, Washington. Sigma Nu luncheon, Washington. Associated Stenotvpists. 6 p. m., Y. W. C. A.
Gone, but Not Forgotten
Automobiles reported to police as stolen belong to: C. F. Hamilton. 410 North Lynn street, Ford coupe, from Morris and Shelby streets.
BACK HOME AGAIN
! Stolen automobiles recovered by police belong to: Carl T. Jones, 1801 South East street, found at Prospect street and State Road , 29. H. S. Campbell, 1020 South New Jersey street, Chevrolet coupe, found at Osage and Ohio streets. Ada Elliott, 950 North Highland avenue. Nash coach, found at 100 North Pine ! street. Ben Conn, 910 Athon street. Ford sedan, found at 937 Paca street. Anna Murphy, 330 Lincoln street, Essex coach, found on West Tenth street near High School road. H. Rhodes, 802 West North street. Chrysler truck, found in rear of 630 Douglass street. O. Britten, 5015 West Morris street. Chevrolet sedan, found on parking lot at 42 North- Senatb avenue. Harry Glass. 719 East Southern avenue, Essex sedan, found in the driveway at 719 East Southern avenue. J. W. Farlow*. 624 Exeter avenue, Dodge sedan, found in rear of 722 Torbet street, automobile stripped of five tires and battery. Nu Grape Bottling Company. 1440 North Senate avenue. Dodge truck, found at Hiawatha and Colton streets, automobile wrecked. Marriage Licenses Elmer H. Werler. 37, of 2425 North Alabama street, restaurant business and Martha McGinnis. 25, of 321 West Bernard street, housekeeper. Frank Baker. 46, of 541 Bright street, laborer, and Minnie Lee Jewell, 31. of 2228 Noth Arsenal avenue, housekeeper. William C. Broyles, 45, of 1044 North Senate avenue, mechanic, and Ethel Curry. 20, of 1108 North Senate avenue, maid. Paul N. Houk, 33, of 240 East Ninth street, store manager, and Ida Searcy. 22. of 2022 South Meridian street, housekeeper. Harvey Bush, 51, of 1039 South East street, tsore keeper, and Lillian Jones, 31, of 523 North Noble street, minister. Seymore Graves. 21, of 29 North Richland street, laborer, and Martha Bradley, 19. of 223 Cossel drive, housekeeper. Robert Byers, 28. of 1430 Blaine avenue, laborer, and Mary Clark. 28. of 1526 Hardin? street, maid. George Brammer, 49, of 1101 South Twenty-rst street, sales agent, and Sarah Swartz. 27. of 30 North Bolton avenue, housekeeper . Nathaniel B. Knight, 33. Eastgate hotel, clerk, and Nina Forler. 26, Eastgate hotel, waitress. Births Girls Isaiah and Anna Hill. 930 Miekel. Paul and Gladys Davis. 748 West Twenty-fourth. David and Lucy Southgate. 2226 Avondale place. Joseph and Mini Mittiza, 919 Bates Floyd and Mary Jasper. 851 North Jefferson. Louis and Maude Stevenson, 2709 North Sherman drive. Frank and Jane Yager, 1102 East Washington. George and Viola Edmonds. 1623 Alvord. Everett and Irene Meade. 2925 Moore. Earl and Rose Cornwell, 1422 West Ohio. Theodore and Lillian Frederick. 1621 Luett. Albert and Aline Dunn. Methodist hospital. Tillman and Jean Buber.zer. Methodist hosoital. Samuel and Lucille Wells, Methodist hospital. Harold and Margaret Bishop. Methodist hospital. Otto and Rosamond Rickard. Methodist hospital. Frederick and Margaret Lammert, Methodist hospital. Frank and Marv Sauer, city hospital. Roy and Ellen Wiliison. city hospital. Boys Andrew and Ethel Owens, 963 North Tremont. Mark and Gladys Cravens. 1427 North Earl and Anna Anderson. 619 North Ogden. Snerman and Hilda Watkins. 1105 South Maple. Guy and Pauline Loftus. 1623 Luett. Thomas and Dorothy Hanna. Methodist hospital. Joseph and Clara Piccione. Methodist hospital. Max and Bessie Cohen. Methodist hospital. Herbert and Caroline Pasch. Methodist hospital. Ned and Eliza Hoagland, city hospital. Frank and Elizabeth Stockhoff, city hospital. Noland and Gertrude Jackson, city hospital. Walter and Lucille Wiikerson, city hospital. Deaths Jennie Beck, 61. 534 Coffey, carcinoma. John Sears. 66. 1531 Broadway, coronary occlusion. Theethel Smith. 23. city hospital, acute appendicitis. Margaret M. Pierce. 51. city hqypital. carcinoma. Mary Eva Huff. 66. 1427 North Delaware, cerebral hemorrhage. Maurice Joyce. 55. Twenty-second and Illinois, skull fracture. Edward Earl Hardin. 4. Riley hospital, cerebellar tumor. Mary C Day. 75. 1543 Cruft, lobar pneumonia. James M. Bowren, 46. 1023 North Pershing. cerebral hemorrhage. Charles Franklin Danner. 75. 3911 North ; Capitol, arteriosclerosis, i Grace McAlpin, 63. Methodist hospital. | carcinoma. John Feider, 84. 3020 East Michigan. 1 chronic myocarditis. Joseph £>, Cain, 70. 4402 Maniove. carcinoma.
PAGE 15
GOOD DEMAND SENDS FUTURE PRICESHIGHER Large Sales of Cash Wheat Encourage Traders: Oats Uneven. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Jan. 10—The improved tone in grains and continued strength in the stock market carried prices higher at the opening of the Board of Trade today. Wheat futures were % to 1 cent higher, corn was up % to % cent and oats were unchanged to % cent higher. Lack of moisture in the southwest and smart improvement in the flour demand in Chicago and Kansas City were influences which brought buyers into the market. Grain traders were encouraged by the big sales of cash wheat at Kansas City, an increased flour demand and complaints from Minneapolis of inadequate receipts. Increased cash business in corn during yesterday’s session also led the trade to believe some improvement in prices might be forthcoming. A permanent stimulus, however, is believed necessary if values are to react satisfactorily. Chicago Primary Receipts —Jan. 9 —Bushel—- ,,,. . Today Last week. Wheat 239.000 434.000 Corn 321.000 771,000 Oats 112.000 163.000 Chicago Futures Range —Jan. 10— W HEAT— Prev, High. Low. 10:00. close’. May 86% .85% 86 85 July 84% .84% .84% 83% Sept 85% .85% 85% .84% CORN— May 53% .52% .52 7 a .53% July 54% 54% .54% 54 Sept .55% .55% OATS— May .37% .37% .37% 37% July 36% .36 .36% .35% Sept 35 ,3414 RYE May 59% .58% .59% .58% July 60% BARLEY— May 52% 52% July ✓ 52% CHICAGO CASH GRAIN By United Press CHICAGO, Jan. 9.—Cash grain: Wheat— No. 2 red. 85c. Corn—(Old) No. 4 mixed. 50%c; ;N;o;.; ;2;; ;ye:ilow, 51 %c (new) 50%c No. 3. yellow, 49%@50%c No. 4 yellow No. 3 mixed. 50c No. 4, 48' 2 c No. 2 yellow. 48 1 <® 49c; No. 3 white, 49%@ 50c. Oats— No. 2 white, 37%®38c: No. 3 white. 35% ® 37c; No. 4 white, 36c; sample grade white, 34c. Rye—No sales. Bariev—Sales 66® 76c; quotable. 50® 78c. Timothy—ss 50 ®6. Clover Seed—slo® 13 75 Cash Provisions: Lard—ss.4o; loose. $4 62; leaf. $4.62 D. S. Bellies. $6.25. TOLEDO CASH GRAIN By United Press TOLEDO Jan B. —Grain Close: (Grain in elevator; transit billing 1. Wheat—No 2 red. 88® 89c; No. 1 red. l ! 2 S2c premium. Corn—No. 2 yellow, 54%®55’ic Oats—No. 2 white. 40%®41%c. Rye—No. 2. 66%® 67%c. (Track prices. 28%c rate). Wheat— No. 1 red. 84%®85c; No 2 red. 83%®ff4%e. Corn—No. 2 yellow, 50® 51c: No. 3 yellow, 49® 51c; No. 4 yellow. 48 n4B%c. Corn—No. 2 yellow. 50@51%c; No. 3 yellow 49®51c; No. 4 yellow, 48@48%c; No. 5 yellow. 47® 48c. Oats—No. 2 white, 37%®38%c; No. 3 white, 37® 38c. Seed close. Clover— March, $8 25. Alsike —Cash, $8.50. ST. LOUIS CASH GRAIN By United Press ST. LOUIS, Jan. 9.—Cash grain: Wheat —ln good demand. %c higher on red and 1 cent higher on hard; No. 2 red 89%® 90c; No. 2 red garlicky, 89c; No. 1 hard, 85c; N ,o 2 hard, 85%c; No 2 mixed. 88 %c. Corn—ln fair demand. 1 cent higher; No. 2. yellow. 51c; No. 2 yellow. 50 ®so%c; No. 4 yellow. 48%c, No. 3 white. 50%c. Oats—ln fair demand. %c higher; No. 2 white, 39%c; Nominal; No. 2 red. 39%c. NEW YORK CASH GRAIN By United Press NEW York. Jan. 9.—Cash grain: Wheat —No. 2 red. $1.01%; No. 2 hard winter. $1.01%. Corn—No. 2 mixed. 60%c. Oats —No. 3 white. 47c.
Indianapolis Cash Grain
—Jan. 9 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 4% New York rate, were: Wheat—Strong; No. 1 red, 82%®83%c; No. 2 red, 81%®82%c; No. 2 hard. 81%<® 82 %c. Corn—Strong; No. 3 white, 43%<344%c; No. 4 white, 42%®.43%c; No. 3 yellow, 42% ®43%c; No. 4 yellow, 41%®42%c: No. 3 mixed; 41%4j42%%c; No. 4 mixed. 40%@ 41c. Oats—Firm; No 2 white, 33%®34%c; No. 3 white, 32%(?(.33%c. Hay if o. b. country points taking 23V a e or less rates to Cincinnati or Louisville) Steady; No 1 timothy. $7.50<58: No. 2 timothy, [email protected]. —lnspections Wheat—No. 1 hard. 6 cars; No. 2 mixed, 1 car. Total, 7 cars. Corn—No. 3 white. 1 car; No. 5 white. 1 car; No. 2 yellow. 1 car; No. 3 yellow. 2 cars; No. 4 yellow, 1 car; No. 5 yellow. 2 cars: No. 6 yellow. 1 car; sample yellow, 1 car. Total. 10 cars. Oats—No. 3 white, 1 car; No. 3 white. 2 cars; No. 4 white. 1 car; No. 4 mixed. 1 car. Total. 5 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 78 cents for No. 2 soft rea wneat. Other grades on their merits.
On Commission Row
—Jan. 10— Fruits Cranberries—Cape Cod early blacks. 25lb box. $2 60. Grapes—Semi sawdust. 24-lb. lug. $3. Pears Washington A Ajou, 90-1655. $2 50: Avascados. Fla . 16-16s. crate, $1.75. Strawberries—Florida. 21c per pint. Bananas—Per pound SV2C. Apples—Wealthy. Wolf River. Grimes Golden, Jonathan. Florida. $135®2 a bu.. fancy Stavmans, $2 25 a box. Grapefruit—s3® 3 75. Oranges—California Navels. $4 25®4.50 ft box. Vegetables Cabbage—Eastern Danish, 50-lb. bag. $1.75; new Texas. 50-lb. crate. $3 80. Onions—lndiana white. 50-lb. dhg. $1.35; Indiana yeilow. 50-ib. bag. $1.40®1.50 Beans—Round stringless, hamper. $2,50; best. $3. Beet* —Bulk per bu., $1.15: Texas, new. $1.75 a crate. Peas—3o-lb. hampers. s3®4. Carrots—California. $3 a crate; per doz . 60c: Micmgan. $2.50 per crate, doz.. 60c; bulk, per bushel $1.15 Cauliflower—California (11-12s). crate $1.75. Celerv—Michigan Mammonth. dozen. 65c: medium bunch. 45c; hearts. $1.25: 18bunch per crate. $l5O, California $3 crate. Cucumbers—Florida $4 50 bushel; hothouse. $1 50 per dozen. Lettuce—lceberg best '4-ssi crate. $3; hothouse. 15-lb. basket, $1 Radishes—Hothouse button. 75c dozen. Spinach—New Texas. $1 per bu. Turnips—Per bu.. 85c. Tomatoes—Hothouse $1 50. Potatoes—Northern round whites. 100-lb. bag. $2.10: R R. Ohios. 100-lb. bag, $2.10; 15-lb. bag. 35c Idaho Russets, 100-lb. bag. $2 25 Texas Triumphs, new $2 50-lb. bag. Sweet Potatoes—Nancy Halls, per bu.. $1.65.
In the Cotton Markets
—Jan. 9 CHICAGO High Low. Close. January 10 75 10.10 10 75 March 10.83 10 72 10.83 Mav 10 99 10 88 10.98 Julv 11.11 1105 11,10 October .11 32 11 22 11.32 NEW YORK : January 10.62 March . 10 77 May 1093 July 11.07 October 11.28 December 11.40 NEW ORLEANS January 10.60 March 10.89 May 1088 July 10.00 October 11.15 December 1130 Silkworms outgrow their skins four times during their rapid growing period. At the end of this time they quit eating and spin themselves into the silk cocoon which makes it valuable to the commercial world.