Indianapolis Times, Volume 45, Number 211, Indianapolis, Marion County, 12 January 1934 — Page 26

PAGE 26

Decision of Supreme Court tn National Radiator Case of Prime Importance to Investors. BY RALPH HENDF.RSHOT

Timet Specie) Financial Writer The decision of the United States supreme court just rendered in the case of the National Radiator Corporation is of vital importance at this time. Reorganizations are bound to be very prevalent during the next year or so as the country emerges from the depression, and it is of special Interest to investors that the highest court in the land has put reorganizers on notice that sleight-of-hand tricks in which one group of security holders is given preference over another will not be tolerated. The financial history of the country is replete with instances in which receivership proceedings and subsequent reorganizations were unjust to security holders not properly represented. It probably would not be going too far to say that such proceedings all too often have taken on the charat’eristics of rackets.

Reorganizations are excellent instruments for making insolvent companies solvent and for permitting them to remain in business. In a great many instances no other means are available for protecting the assets of corporations and for securing for stock and bond holders ail of the benefits possible? But it is imperative that all of the dealings in such instances be fair and above board. Otherwise security holders are likely to fare much better by a suspension of activities and the sale of the companies' assets under the hammer. a a a I. R. T. Stockholders Not Represented The proceedings now being conducted looking toward the unification of the traction properties in New York City call attention to a case where a large group of common stockholders are not being properly represented in an important development. No stockholders’ protective committee has been formed to

Ralph Hendcrshot

look after the interests of the Interbonough Rapid Transit shareholders at a time when it is proposed to sell the entire property to the City of New York. The receiver for the company, it has been announced, will act in their behalf. The city, of course, could not be blamed for wanting to buy tihe property as cheaply as possible. All other groups of important security holders have their own representatives, and it Is fair to assume that they will drive the best bargain possible also. Consequently if any shaving of price below actual worth results it might be expected that it will be done at the expense of the common shareholders. While it might be argued that the common stockholders have only themselves to blame for not having organized, it is pertinent to point out that the initiative in that respect usually is taken by those who have been interested previously in the financing of the company. a a a a a a Company Appears Solvent In the case of the Interborough, too, there is reason to inquire why the company is in receivership. As of Dec. 1, 1933, it had cash or its equivalent of approximately $16,000,000. Its $31,672,100 of 7 per cent bonds were secured by $54,989,000 of 5 per cent bonds, with a market value considerably in excess of the full par value of the 7 per cent issue. Its approximately $124,000,000 of 5 per cent, bonds in the hands of the public do not mature until 1966, and its $10,500,000 of 6 per cent debentures could easily be paid off if necessary. The company is earning its charges, including an unnecessarily large sinking fund, and is making the city substantial payments.

New York Stocks

—Jan. 12— Prev. Oils— High. Low. 10 30. close. Amerada ■ ■ • • fj}, Atl Rfg , 29 29U Bnrnsdall 8% B‘* 8% 8 4 Conrol Oil 10% 10% 'O% }5,’ 8 Cont of Del .17 16 B 16 'a 17 a Houston mewi.. .. . J • Houston told i .. . . . • 21 Mid Cont Pet 12 12 Ohio Oil 13 13'a Pet Corp Phillips Pet 15% 15% Pure Oil 11 10% 11 10 7 a Royal Dutch ... 37 Sbd Oil 28 Skelley Oil , ,§% Soc Vac 16 15% la' a 16 SO of Cal .. . 38 7 a 38% 38% 38% SOof N.l ■ 44% 44 1 2 44 1 2 44% Texas Corp . 23’ 2 23’< 23'4 23'4 Tidewater Assn 9'a 9% Un Oil of Cal.. ... 18 7 s 19 Steels— Am Roll Mills . 18% 18% 18'., 18*4 Beth Steel . 36' 2 36 36 36 4 Byers AM 23% 23% Col Fuel A Iron. .. . 4% 4% Cruc Steel ... ... ... 23 Gulf Sts Steel 31 Inland Steel 45 Ludlum Steel ... ... 16 IS' 4 McKeesport Tin . Natl Steel 52% 52 52% 52 Rep Iron A Steel .. 17% 17'a Rep Ir & Stl pf . •• • 42% TJ 8 Smelt 97>4 97 9i 97'a Vanadium . 22 22% Mid Steel . . . 13 4 US. Pipe A Fdv 21% 21' 4 21% 21'a U S Steel 48 3 a 48' 4 48% 49 U s Stl pfd 90% 90% Youngst nS& T.. ... 22% 22 * RailsAtchison . 59% 59 4 Atl Cst Line 42% 42% 42% 42% B & O 24'a 24 24 24 Can Pac ... 15% 15% Ch & Ohio C II & St F. 4 7 a 4's C M A St P pfd 7% /% Chi N W ' 1 * <’* Chi R Isl 3 a Dela A Hud 57'2 57'4 Erie I? 3 , Grt North pfd 21 21 2 HI Central 30% 30'2 K C Sou 15'. 15% Lou A Nash 514* 52 M K A T . 10'a 10 10 10 Mo Pac 3 4 3 a Mo Pac pfd .. „ , 5.< N Y Cent 34 s * 34 1 2 34% 34% NY C A St L. J5 3 4 NY C A St L pfd 19 N Y New Haven IS 1 * 16 16 16 N Y Ont A Wes ... i Nor Pac 23 a 23 a Penn R R 31% 31 31 31 4 Reading - ■ ■ • ■ ■ ’6 2 Sou Pac 20 3 a 20'4 20% 20>4 Sou’ R R ■ 25*4 25*8 25% 26', Sou R R pfd 30 29*4 29 3 4 30 Union Pac “J.* Wabash , 2** West Mary 9*4 9 a Motors — Auburn ■ •••■ 50 49‘ 2 Chrysler ..52 a 08S j>2 a 52 4 Gen Motors ■ 35*4 35** 35% Soli Graham Mot ... 3% 3.4 Hudson 14-4 14** Macic Truck 35% 35'; Nash 27'a 27 2. 2,'a Packard • • J ’ Reo “ > 3 , Studebaker ••• 5 s J a Yellow Truck 4 a Motor Access — Bsndix ‘I 2 Borg Warner 22'* 22 Briggs * 14 j 2 Budd Wheel 3' 2 Eaton Mfg J 4 4 Elec Auto Lite 19 19 4 Hand A * Murrav Body 6 2 Stew Warner „ ® * Timken Rol 30 * 30 a Minins— . Alaska Jun ... • ■ 21 4 Anaconda 13 ' Cal A Hecla ■ ■■ \ Cerro De Pasco. .. 33 2 33% Granbv • ■,,, ~4 ,2 * Gt Nor Ore 11% H Howe Sound 36, Ins Copper Inc Nickel 22 -l a a -2 a Isl Creek Coal lQ _ " Kennecott Cop 19*4 19' 2 Noranda Cop 33-4 34 Phelps Dodge *6% i® 4 Tobaccos — Am Snuff > . . 50 Am Sum Tib _■ 16 Am Tobacco . ... <0 ®9 4 Am Tobacco B 71 <1 Gen Cigar . • ■ ™ < Ligg A Myers B ■ *0 Lorrillard 18.a 1 < a Revn Tob B . 42% 42'* 42 3 a 42-* Equipments— Allis Cnalmers .. 17 7 a 17% 17’a 17% Am Car A Fdv 24'1 24'* Am Loco 28% 2i% Am Mach A Fdv 14** 14Am Steel Fdv 20'2 Bald Loco 11** 11% ll*a 11 ’ a Burroughs . . . 16 1 * 15 T * Case J I * . . 70 69*4 Cater Tract 24* Coig Palm Peet . 12 ll‘s ll 7 * 11% Congoleum 23’* 23 7 e Elec Stor Bat <6 4 47'a Fost Wheeler 13*4 Gen Am T Car 36’* 36' t 36'. 36'2 Gen Elec 20% Gen R R Sig . 36 Ingol Rand ....... . . 63'2 Int Bus Mach .. 141*4 141% Int Harvester ... 40' a 4040 40 Kenvinator . . 12% 12* 2 Natl Cash Reg IS** 18 Proc A Gamble 38** 38'a Pullman Inc 53 ! 4 53 Simmons Bed 18*4 18** 18*4 18 3 * Und Elliot ....... . ... 37 West Air B 28' 4 Westingh Elec 38% 38*4 38% 38>4 Worthington Pm . 21'2 21'4 Utilities— Am A For Par 8% 9 Am Power A Lit 7% 7’* A T A T 114>2 115 Am Wat Wks .. 20*a 20 ! 20' 4 20' 2 Brook Un Gas 67 Col Gas A- Elec 13 12% 12 7 * 13 Col G A E pfd 58' 2 58 Com A Sou 2** 2** Consol Gas . 40' a 40** 40’a 40*a Elec Par i Lit. . s*, 5 ! 2 E P A L pfd 10' 4 lOh Int TA T 15'* 15% Lou GAEA . ... 17'* IS 7 * Nat Pwr A Lit 10’* 10** North Amer .... 16* = 16** 16** 16** Pae G A E 18' 4 17 7 , Pub Serv N J 38 So Cal Edison 18 IT 7 * Std Gas p- 4 B*4 Std Gas pfd 9’, 9 1 * United Corp 51, Un Gas Imp ... 16* 16'4 16*. Ut Pwr A Lit A 3’. 3'. 3', 3'. ■Western Union . ... 57*, Rubbers— Pirestone 19* 19'. Goodrich 13% Goodyear 35 34*, U S Rubber 1S 7 IS*, V S Rubber pfd. .. ~ 25'* 25*. Kel Spring 2% flex Tisea Ut*

Wall Street-

Loews Inc .. 27'.4 27 Radio Corp 7 6 7 * 6 1 , 7'* RKO _ ■ ■ • ■ 1 • • ••• 2>/2 2'/ 2 Warner Bros s'/, 51/g Foods— Am Sugar ... ... 495,4 Armour 'A' ... ... 51,, Beatrice Cream. .. ... ... lot* Borden Prod 21 207* Cal Packing .. . 20% Canad D G Ale 25’* 25!* 251a 25 % Coca Cola 97 Cont Bak A ... 7'/ g 714 Crm of Wheat.. .. ... 28*3 28'/4 Gen Foods 34*4 34*4 Gold Dust ... ... 17i* G W Sugar ... . 30 Natl Biscuit, .47 46*a 46% 47'* Natl D Prod... 13% 13% 13% 13*4 Purity Bak 13% S Por Rico Sug 34 34% Std Brands 21% 21* 21% 21% United Fruit ..61% 61 61% 61% Wrigley 55 55 Retail Stores— Best ACo 27% 27% Gimbel Bros ... 4% Gimbel pfd 'lB Gr Un Tea ... ... 4% Hahn Dept Sts.. .. ... ... 5% Jewel Tea ... ... 34 Kresge S S . . .. ... ... 441, Kroger Groc ... .. 24% Macy R H 54% 54% May Dept St ... .. 32% Mont Ward ... 23% 23% Penny C 56% 56% Safeway St ... ... 47% Sears Roebuck ... ... 42% 42% Woolworth ... 44% 44% Aviation— Aviation Corp .... ... 7% Bi a Douglass Air ... .. 17% Curtiss .Wright.. .. ... 2% 2% Curtiss Wr A . . 6% 6% 6% 6% Nor Am Av ... .. 4% United Xircramt. 32*a 32% 32% 32% Chemicals— Air Reduction .... ... 93% Allied Chem ... 147 147 Am Com Alco . . 59*4 58% 58% 59 Col Carbon . . 60% 60 Com Solvents .. 33% 33% 33% 33% Dupont 93% 93% 93 % 93* s Freeport Tex ... 44% 44% Liquid Carb 28 Meth Alkali ... 34% 34% Tex Gulf Sul 39 1 * 39% Union Carbide 46% 47 U S Indus Alco. 61*4 61 % 61 % 62 Natl Dist mewi 26% 26 26 26% Drugs— Coty Inc ... ... 4% Lambert 23% Lehn A Fink 17 Zonite Prod ... ... 6 Financial— Adams Exp ... 7% 7% Alleghany Corp. 3% 3% Chesa Corp ... ... 35 Transamerica . 7% 7% Tr Conti Corp.. 4*, 4% 4% 4% Building— Am Radiator . . 14% 14*, 14*4 14% Gen Asphalt . . .. 16 Int Cement 30 Johns Manville 58% 58% Libby Owens Gls 38% 37% 37% 38% Otis Elev 15% 15s, Ulen Const 2*2 Miscellaneous— Am Bank Note.. .. ... 15% 15% Am Can ... 97 96’, Anchor Cap ...... ... 19 Brklvn Man Tr. .. 33a, Conti Can 78% 78% Eastman Kodak 81 Owens Bottle ... 80 Gillette 9% 9% Glidden 17% 173, Gotham Silk ... . . 7 3 a Indus Ravon 78 77 Inter Rapid Tr. 12% 12% 12% 12% Real Silk Hose.. .. ... ... B*4

Federal Farm Loan Bonds

(By Blvth A Cos.. Inc.) —Jan. 11Bid. Ask. 4s Nov. 1. 1957—37 87% 89% 4s May 1. 1958—38 87% 89% 4%S July 1. 1936 —— 88 89% 4%S Jan. 1. 1957—37 88 8.0% 4%s May 1. 1957—37 88 89% 4%s Nov. 1, 1958—38 88 89% 4%S May 1, 1942—32 92*2 94% 4%s Jan. 1. 1943—33 9(1% 91% 4%s Jan. 1. 1953—33 90% 91% 4%s July 1, 1953—33 90% 91% 4%s Jan. 1. 1955—35 90% 91% 4%s July 1. 1955—35 90% 91% 4%s Jan. 1. 1956—36 90% 91% 4%s July 1. 1953—33 92% 94% 4%s Jan. 1. 1954—34 92% 94% >%s July 1. 1954—34 92% 94% 5s May 1. 1941—31 96% 98% 5s Nov. 1. 1941—31 96% 98% Home Loan. 4s July 1. 1951. 93% 94%

Investment Trust Shares

By Abbott. Hoppin * Cos. — -JSLT\. 11.— Bid. Ask. Am Bank Storks Corp 98 1.05 Am & General Sec A , 4 50 550 Am & Inv Tr Sh 1,50 250 Basic Ind Shares 3.28 338 British Tvpe Inv Tr Sh . 45 55 Collateral Trustee Shares A 5.65 415 Corporate Trust Shares ioldi 2 03 2 06 Corporate Trust Shares new 229 232 Cumulative Trust Shares . 395 Diversified Trust Shares A . 6 25 Diversified Trust Shares B 737 762 Diversified Trust Shares C. 302 306 Diversified Trust Shares D 470 aBO First Insurance Stock Corp . 136 136 Ffirst Common Stock Corp . 83 98 Fixed Trust Oil Shares A . . 8.37 8 62 Fixed Trust Oil Shares B . 7.18 7 28 Incorporators Investments . . .17 37 18 95 Land Bank Bond Shares 92 1 03 Low Priced Shares 5 55 Mass Inv Trust Shares .... 17 83 19 37 Nation Wide Securities . . 319 328 Norh Am Trust Shares is3> 179 Norh Am Trust Shares iS5>. 2 30 2 33 North Am Trust Shares < 58‘ . 2 40 2 65 Selected American Shares .2 65 Selected Cumulative Shares 6 65 Selected Income Shares 3 50 4 00 Std Am Trust Shares A 288 292 Trust Shares of America .. 280 283 Trustee Std Oil A 5 22 5 30 Trustee Std Oil B 4 96 5 06 O s Elec Lt A Par A 10 25 10 75 Universal Trust Shares ... 295 300 NEW VORK RAW SUGAR FUTURES —Jan. 11— High. Low. Ciose January ... ... 1.16 March 122 121 122 May 1 29 1 28 1 29 July 1.34 1.33 1 33 September ... 138 December 1.43

STOCK VALUES IRREGULAR IN SMALL RANGE Bonds Continue Strong and Active: Cotton Down 2 to 7 Points.

Average Stock Prices

Average of for Thursday High 100 48, low 93.77, close 99 38. off .39. Average of twenty rails: 42,22. 41 48. 42.01, up 43. Average of twenty utilities: 24 98. 23.78, 24.83, up 84, Average of forty bonds: 86 07. up .63. Average of ten first, rails: 92.30. up .71. Average of ten second rails: 71.52, up 1.13. Average of ten utilities: 92.71, up .30. Average of ten industrials: 88.77, up .40. BY ELMER C. WALZER I nited Press Financial Editor NEW YORK, Jan. 12.—Stocks opened irregular in a narrow range today, with trading fairly active. Blocks of 1.000 to 2.500 shares came out in leading issues. Steel common declined % to 48% on the first sale and small looses were noted in Radio Corporation. Union Carbide. Chrysler, United Aircraft, Reynolds Tobacco B, American Water Worl sand U. S. Industrial Alcohol. American Telephone dipped % to 114' 2. Utilities held around the previous closing levels, while rails were mixed in a narrow range. J. I. Case firmed up fractionally to 70 and small gains were noted in Westinghouse Electric, Auburn Auto. Standard Brands, Allied Chemical and Ur S. Smelting. During the early trading volume decreased and prices moved around the opening levels. The market lacked feature in any section. Bonds, on the other hand, continued to move forward in fairly active trading. Cotton slipped back 2 to 7 points, while silver rose 25 to 35 points. There was nothing in the news to affect the list, but in the absence of public participation there was a tendency on the part of the professionals to proceed warily. The dollar was barely changed from yesterday and gold held unchanged at $34.06.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 11— Clearings $2,226.000 00 Debits 5,334,000.00 TREASURY STATEMENT —Jan. 12. Net Balance for Jan. 10 . .. $794,664,583 46 Misc. Int. Rev. Rcpts 5.841.424 28 Cus. Recpts (month to date) 8,607,222.51 New York Curb By Abbott, Hoppin & Cos. —Jan. 11— Close Close Allied Mills 8 I Glen Alden Coal. 12 Alum Cos. of A. 7% Gulf Oil of Pa.. 60% Am Beverage... 1% Hiram Wa1ker...56% Am Cyanide 8..17 1 Hud Bay Min.... 9% A &For P W.. .. ! Humble ' Oil ...36 Am Gas & El. . .23 ;Imp Oil Ltd.... 13% Am Superpwr... 2 |lnt Petrol . 20 Atlas Corp 11 | Lake Shr Min.. 45 Brabil Tr & Lt. 12% Lone Star Gas., 6% Brit Am Tob A. 29% i Massey Harris... 5% Brit Celanese... 3% Mt. Prodcrs.. 4% Can Indus A1 A19% Natl Bellas H . 2% Can Marc 2% Nemont Mir.... 51 Cities Serv 24 ;Nia Hud Pwr. . . 6 Common w Ed.. . 46% Novadel Agene...6o Con Gas of B. .54% Pan Am Airw.. .48% Cord Corp 7 I Penn Road .... 2% Creole Petrol.... 10% St. Geg Paper.. 3% Crn Cork Inti.. 6% Calt Cr Prod.. 6% Deere St C0....29 iSherwn Wms ...51% Distillers Lim. . .21%' Std of Ind Si’s Distillers Corp. .26% 1 Std of Ky.... 15 El Bnd * Shr. .14% Stutz Mts 5 Fisk Rubber.... 10%, Technicolor Ind. 8% Ford of Can A.lo%'Teck Hghs Gold. 5% Ford of Europe. 10%; U Pwr & Lt A. 4 Gen Aviation... 5% Wrt Hargr Min. 7 Gt Atl * Pac 1271

Foreign Exchange

By Abbott, Hoppin St Cos. —Jan. 11Close. Sterling. England $5 09 Franc. France 0613 Lira. Italy 0717 V, Belgas, Belgium 2172 Mark, Germany .3715 Guilder. Holland 6275 Peseta. Spain 1288 Krone. Norway 2560 Krone. Denmark 2275

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 sl4 25 Coke, nut size 8 75 Coke, egg size 8 75 Indiana, forked lump 5 59 Indiana, egg 500 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 825 Pocahontas egg 8 25 Pocahontas forked lump 9 25 Pocahontas mine run 7.25 New River smokeless 825 West Virginia lump 6.75 West Virginia egg 050 Island Creek 7.00 Extra charge of 60c a ton for wheeling coal, and $1 a ton for coal carried to bit. CHICAGO FRUIT MARKET By United Press CHICAGO, Jan. 11.—Apples—Michigan onathans, bushel. $1411.50; baldwins. bushel. $1.25(<r1.40. Carrots—lllinois. 4051600 bushel. Spinach—Texas.7oc '<i $ 1,15 bushel. Beans—Southern green. $1,504/2.25 bushel: wax. $257 2.50. Mushrooms—lllinois. 15'a 25c pound cartons. Cucumbers—Southern. S ZTii. Tomatoes —Florida. $1.75512.50 box: hothouse. $15t1.25. Celery—Michigan, 25@ 75c square crate. Cabbage—Wisconsin. 52.25 hundredweight. Sweet potatoes—lllinois. $1.2557 1.35: Indiana. $1.55© 1.85 Onion market—so-lb. sacks: western Valentias. $1.40© 1.50; central western vellows. SI .25 ® 1.40; western whites. $1.75* @2.

STATE MINER KILLS SELF. MOTHER OF 7 Enraged by Marital Troubles. Man Shoots Wife Through Head. By L nited Press JASONYILLE. Ind., Jan. 12.—Enraged over marital troubles. Albert Hepner. 40. coal miner, killed his wife and then committed suicide at their family home here late yesterday. The couple had been separated for several months. Hepner returned to the home late yesterday and during a quarrel with his wife, shot her through the head and breast. Then he shot himself through the heart. Seven children survive. DEPARTMENT STORE SALES SHOW INCREASE Active Christmas Buying Boosts December Total 7 Per Cent. By United Prof WASHINGTON. Jan. 12.—Department store sales in December, spurred by active Christmas buying. were 7 per cent over December. 1932. the federal reserve board reported today. Reports from 444 stores in 214 cities showed sales in December at 68 per cent of the 1923-25 average, against 65 per cent in Novembei and 60 per cent in December. 1932. Increases in December over a year ago were shown in all districts except Boston, which was uncnanged, while the record for the entire year 1933 showed sales 5 per cent under 1932.

THE INDIANAPOLIS TIMES

Bright Spots

Bt Abbott. Hoppin Si Cos. Glidden At: Cos., reports total sales for November and December, 1933, amounted to $3,954,705. against $2,916.931 in the like 1932 period. Columbia Gas and Electric Corporation declared a dividend of 12 cents on both its common and $5 convertible preferred stocks, payable Feb. 15, to be recorded Jan. 20. A similar dividend was payed in the previous quarter. Western Auto Supply Company declared an extra dividend of $1 each on it. Class A and B common stocks, both payable Feb. 1, to be recorded Jan. 19. Nash Motor Car Company declared the regular quarterly dividend of 25 cents, payable Feb. 1, to be recorded Jan. 20. Reports of the company for the year ended Nov. 30, show’ a net loss of $1,188,863, after discount of all charges, against a net income $1,029,552 in 1932. New York Central railroad reports a November net loss of SI,349,283 after discount of all charges, against $1,745,494 in November of 1932. Eleven months net loss totals $5,033,905, against $17,151,989 in similar 1932 period.

PULIGE UENY ALLEGATIUNS Radio Not Removed From Squad Car, Says Officer. Hod Eller and Michael Yates, police officers suspended as result of charges filed against them with the safety board by Chief Mike Morrissey, today joined in denying several printed allegations. Officer Yates said the radio of their squad car had not been removed and that officer Eller was listening to it through a window of the coal company office in which they were found. Officer Yates said they were using the office typewriter to make out a report. JUDGE BAKER RECEIVES THREATENING LETTER Veiled Kidnaping Threat Against Jurist’s Daughter Probed. Detectives have been assigned to investigate a letter received by Judge Frank P. Baker of criminal court. The letter, unsigned and written on a plain sheet of paper, contained but a single sentence: “The Lindbergh case will never be dead.” Judge Baker interpreted the message as a veiled kidnaping threat against his small daughter. The letter wa? postmarked at Indianapolis at 12:30 p. m. Wednesday. HINDENBURG AID ASKED IN RELIGIOUS DISPUTE Pastors Take Protest Against Bishops to Reich Head. By United Press BERLIN, Jan. 12.—Thousands cf evangelical pastors have appealed to President Paul von Hindenburg to intervene against decrees cf Chief Bishop Ludwig Mueller, who seeks centralized power, it was reported today. It was understood several pastors, at an audience with Hindenburg, personally protested the decrees.

Produce Markets

Delivered In Indianapolis prices—Hens. 10%c; Leghorn hens. 7V2C; 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% lbs., 4c; geese, full feathered and fat, 6c. Turkeys—No. 1 young hens, 8 lbs. and over. 11c; No. 1 voung toms. 12 to 20 lbs.. 13c; No. 1 young toms over 20 lbs.. 13c; old toms, 10c; Nu. 2 thin 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® 26c; No. 2. 22©,23c. Butterfat—l4c Quoted by the Wadlev Company. BY UNITED PREas CHICAGO. Jan. 12.—Eggs—Market, unsettled; receipts. 2.995 cases; extra firsts, 21 1 2C: fresh graded firsts. 20%c: dirties. 135/16c; current receipts, 19c; checks. 134/ 15%c. Butter—Steady: receipts. 5,744 tubs: storage extras. 92 score, 18c; storage standards, 90 score. 18c; extra firsts, 884/89% score. 17%5/17%c: seconds. 865/ 87% score. 16%c; standards, 90 score, 18%c; specials. 194>.19%c. Poultry—Market. weak; receipts, 23 trucks, no cars, 2 cars due; turkeys. 125/14c: hens, 11c; Leghorn chicks, 9c: colored springs. 13c: roosters. 9c; chickens, lie; ducks, 9©,11c; geese. 9c: black chicks. 8c; Plymouth Rocks. 14c: rocks, 13%c. Cheese —Twins, 10%©10%c; Longhorns, 1147 ll%c; daisies. 11%®11%C. Potatoes—Supply moderate; demand and trading slow; market, weaker on Russets, steady on others: Wisconsin Round Whites, $1.65® 1.70; commercial grade, $1.60; Idaho Russets mostly $1.90:Colorado McClures, 1 car, $1.95! Minnesota Round Whites. 1 car. $1.60. CLEVELAND. Jan. 12.—Butter—Market, firm; extras. 22%c; standards, 22%c per lb. in tubs. Eggs—Market, firm: extra white. 21c; current receipts, 20c; fresh pullets. 15c. Poultry—Market, weak: colored fowl. 4% lbs. and up, 14c; colored fowl medium. 12c: Leghorn fowl. 3% lbs. and up. lie; Leghorn fowl light, 10c; springers. 5 lbs. and up, 13c; colored broilers, 18c: capons, 8 lbs. and up. 22c: ducks white. 5 lbs. and up. 14c: ducks light. 12c: geese heavy fat. 13c: ordinary, lie: old roosters. Bc. Potatoes (all quotations based on U. S. No. 1 and 100 lb. sacks, unless otherwise stated! —Maine Cobblers and Green Mountains best. $2,20 57 2.25: fair stock. s2© 2.15: Idaho Russet Burbanks. $2472.15; partly graded. $1.90: Ohio. $1.5047 1.75 according to quality and condition; partly graded lower: New York best, $147 1.05 per bushel; Michigan. .sl.Bo® 1.85: Louisiana Bliss Triumphs, $1,604; 1.60 per 50 lb. sack: Texas, 51.75 per 50 lb. sack; Colorado Brown Beauties. $2®2.10.

Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111., Jan. 12.—Hogs— Receipts. 6.500; market, mostlv 15 to 20c higher than yesterdav's average; weightv ! butchers and pigs not established; sows 10 to 15c up; bulk. 15'0-240 lbs., $3.50® ! 3.60. with top $3.60; sows largely $2 35®. 2.60, Cattle—Receipts. 1.200; calves. 800; market, virtually no earlv trading on : steers, mixed yearlings and heifers; bids unevenly lower desipte a moderate suppiv; cows and bulls opened about steady with Thursday's late decline: vealers unchanged at $6.25; cows largely $2.50® 3; low cutters, $1.50® 1.75; sausage bulls. $2.75® 3.15; slaughter steers, 550-1.100 lbs . good and choice, $5.25®6.50: common and medium, s3® 5.50; 1.100-l 500 lbs choice. ss® ASO; good. 54.254i6.25; medium. $3.75® 5.25. Sheep—Receipts. 1,500: market, opened about steady to shippers and city butchers; packers talking lower on lambs; desirable wooled lambs. $7 75® 8; top to city butchers. $8.25; common throw outs, $4.50® 5: fat ewes. s3® 3 50; lambs. 90 lbs., down, good and choice. $7.25® 8 25: common%ana medium. $4.50® 7.50; 90-98 lbs. good ana choice. $7 25® 8 25; yearling wethers. 90-110 lbs . good and choice. 55® 6.75; ewes. 90-150 lbs., good and choice. ss® 6.75: ewes. 90-150 lbs good and choice. J 2 25®3.75; all weights common and medium, $1.50® 2 75. By Time* Special LOUISVILLE. Jan. 12—Cattle —Receipts, 100: supply light; market, fairly active: fully steady to strong; bulk common to medium steers and heifer. $3.75® 4.50; better finished fed kinds, salable $4.75® 5 50 and above bulk beef cows, *3.25® 2 75: practical top. $3 25: handvweight heifer types higher: low cutters ana cutters. $1.25® 2. sausage bulls, quotable mostly $2 25® 3: most common to medium grade native Stockers and feeders. S2 50® 3.50: well bred Hereford heifers stock calves, mostly S4 50. Calves—Receipts. 150. steadv; bulk better vealers. $4.50® 5.50: few strictly choice higher medium and lower grades. *4 down. Hogs—Receipts. 900; market, unevenly 20c and more higher; 160-230 lbs S3 75® 3.85; 230-300 lbs. $3.65®3.75 300 lbs up. S3 55® 3 60: 130-160 lbs , $3 30® 3 55; 110-130 lbs., $2.70® 3.30 ; 110 lbs down. $2; sows, $2 50. stags. Si.2o Sheep —Receipts. 25: steady; bulk medium to food lambs. s6® 6 50; choice quotable to 7 or better; threw outs mostly $4: lat ewes mainly 82.

PORKER PRICES GAIN 10 CENTS AT CITY YAROS Cattle and Lambs Mostly Steady: Veals Lower at $7.50 Down. With the exceptions of a 5-cent increase Monday, initial strength of the week was displayed in hog trading at the Union Stockyards this morning. Practically all classes were mostly 10 cents higher than yesterday's average. Receipts were normal and trading was fairly active. The bulk. 160 to 250 pounds, sold for $3.55 to $3.65, while weighty kinds. 250 pounds and upward, were salable at $3.30 to $3.50. Slaughter grades weighing 130 to 160 pounds held at $3 to $3.55. Lightest kinds weighing 100 to 130 pounds brought $2 to $2.75. Receipts were estimated at 6.000, holdovers 273. Early interest was scarce in the cattle market and majority of classes showed little change from the previous session. She-stock held fully steady. Receipts numbered 300. Vealers lost their advance of 50 cents registered yesterday, selling at $6.50 down. Few odd heads were salable at $7. Receipts were 500. With only slight action evident, lamb prices remained unchanged. Good natives and fed westerns sold from $8 to $8.25. Lower grades ranged from $7.50 down. Receipts were 2.500. Strength appeared in hogs at Chicago, with few initial bids and sales around 5 to 10 cents higher thaa yesterday’s close. Early top held at $3.55. Receipts were estimated at 30.000, including 10.000 directs. Holdovers, 4.000. Cattle receipts were 3,000; calves, 1,000; market slow and weak. Sheep receipts numbered 10,000; market unchanged. HOGS Jan. Bulk Top Receipts 6. $3.70® 3.85 $3.85 3,000 8. 3.75® 3.85 3.90 8,000 9. 3 60® 3.75 3.75 9.000 10. 3.45® 3.60 3.65 8.000 11. 3.45® 3.55 3.55 8.000 12. 3.55® 3.65 3 65 6,000 Market, higher. (140-160• Good and choice ...$ 3.15® 3.35 —Light Weights—-'l6o-1801 Good and choice.... 3.65 (180-200) Good and choice.... 3.65 —Medium Weights—-(2oo-2201 Good and choice. .. 3.60® 3.65 1220-250) Good and choice. .. 3.55® 3.60 —Heavy Weights—-(2so-290) Good and choice.... 3.45® 3.50 (290-3501 Good and choice.... 3.35® 3.45 —Packing Sows—(3so down) Good 2.60® 2.85 (350 up ( Good 2.50® 2.75 (all weights) Medium 2.00® 2.50 —Slaughter Pigs—-(loo-130) Good and choice... 2.00® 2.65 CATTLE Receipts, 300; market, steady. (1.050-1,1001-Good and choice $ 5.50® 6.75 Common and medium 3.75® 5.50 (1.100-1,5001 Good and choice 5.00® 6.65 Common and medium 4.00® 5.00 (675-750) — Good and choice 5 00® 625 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 $ 2.75® 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, 50; market, lower. Good and choice $ 6.00® 7.00 Medium 3.50® 6.00 Cull and common 2.00® 3.50 —Calves—-(2so-500) — Good and choice 3.50® 5 00 Common and medium 2 00® 3.50 —Feeder and Stocker Cattle—-(soo-900) 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. 2,500; market, steady. >9O lbs. down) Good & choice $ 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 BV UNITED PRESS FT. WAYNE, Jan. 12.—Hogs—Receipts. 10® 15c higher; 160-200 lbs.. $3.60; 200-250 lbs.. $3.50: 250-300 lbs.. 53.40; 300-350 lbs.. $3.25; 150-160 lbs., $3.15; 140-150 lbs.. $3.05: 130-140 lbs.. $2.85; 100-130 lbs., $2.50; roughs. $2.50; stags. $1.50. Calves. $6.50; lambs, $7.75.

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Now Available We Have Prepared a New Analysis— Noblitt, Sparks Industries. Inc., Common Stock • Copies Available Upon Request • hvattmeni Pf ass 8 Hughel INCORPORATED Chicago. Ft. Wayne. Evansville INDIANAPOLIS Illinois Bid?, t JJncoln 2565

Chicago Stocks By Abbott. Hoppin St Cos. ——————

TOTAL SALES 3*ooo SHARES —Jan. 11 High. Low. Close. Abbot Lab ... 41U Aas Lummum . . 2*4 Allied Proa ll iu% 10*.a Am pub Serv pid .. 5 Asoestos Mfg 3% Basuan-Biessing fit, a% 6 Bendlx Aviation TANARUS, % 1,- li% Borg-Warner 22** 21 22 Butier Bros 4% 4% 4% oen 111 Pub Serv pid .. 14 Cen 111 Securities com. . . . % Cent Pub Util i. Cent St S W 11 4 i l \ cen & S W pid a 4% 5 Cen it S W p L pid .... ... 8 Cni & North West .... 7% ;% 7** cm Corp com 2% 2% 2% Chi Corp pid 23 22-’ 23 Cities Service 2% 2 2% Ciub Aluminum i 2 Commonwealth Eai ... 48 '43% 48 Cord Corp b% e% tr. Crane Cos 73. Crane Cos pid ! .. 45% Electric Household ... B*4 Garaner-Denver Cos ..i 18*4 General Candy Corp 4 Goldblatt Bros ... 20% Great Lakes Aircraft .... ... % Great Lakes Dredge... 21 20% 20 Grigsby-Grunow . % Hali Printing ... 4 Hibbard. Spencer B & O .. .. . 28 Houdaihe-Heishey A' , .. ... 111. Houoaille-riershey B , ~! 4 invest Cos of America. .. ... 9- j Kalamazoo Stove . 21 Keystone Steel 12 L:ooy-McNeii . 3:, Linasav eight 37* 3*4 3 l Lynch Corp 34 31 34 Marshall lield 13'2 13 >, 131. McCord Rad A 2% McGraw Electric 43, McWilliams Dredging Cos 1674 16 16 :> 4 Mickelberry's Food Prod .. ... 2 7 Middle West Utilities i 8 Mid West Util 6%, pfd A % '2 >2 National Leather ... 1 National Repub Inv ... 1% National-Standard ... 22 Noblitt-Sparks Ind Inc 12 1 i 12*4 12% North Amer G & Elec % North Am Li & Power.. .. ... 2% Northwest Bancorporat 5 4*4 4*4 Perfect Circle ... 23>2 P.nes Winterfront ... 1 Prima Cos ... 8 Public Service ... 17% Public Service N P.... 18 14% 18 Public Service 6% Pfd ... 45 Public Service 7% pfd., 49 45 49 Quaker Oats 123 121 122 Quaker Oats pfd ... 116 So Colo Power A ... 1 So West L & P pfd 18 >4 Stutz Mot Car Cos of A 5 Sw’ift & Cos 14% 14% 14% Swift International ... 26 24% 24% Thompson JR 8% 8 8 Transformer Corp of A .. ... % Util Power & Light N V % Utility & Ind 1 % 1

On Commission Row

—Jan. 12— Fruits Cranberries—Cape Cod early blacks. 25lb box. $2.60. Grapes—Semi sawdust, 24-lb lug. $3. Pears Washington AAjou, 90-1655. $2.50; Avascados, Fla., 16-16s. crate, $1.75. Strawberries—Florida. 21c per pint. Bananas—Per pound. 5%c. Apples—Wealthy. W'olf River. Grimes Golden. Jonathan. Florida. $1.35®2 a bu.. fancy Sta.vmans. $2.25 a box. Grapefruit—s3® 3.75. Oranges—California Navels. $4.25®4.50 a box. Vegetables Cabbage—Eastern Danish, 50-lb. bag, $1.75: new Texas, 50-lb. crate, $3.80. Onions—lndiana white. 50-lb. bag. $1.35; Indiana yellow, 50-lb. bag. $1.40®1.50. Beans—Round stringless. hamper. $2.50; best, $3. Beets—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. Celery—Michigan Mammonth. dozen. 65c; medium bunch, 45c; hearts, $1.25; 18bunch per crate. $1.50: California. $3 crate. Cucumbers—Florida. $4.50 bushel; hothouse, $1.50 per dozen. Lettuce—lceberg best (4-ss) crate. $3; hothouse, 15-lb. basket. sl. 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. 11— CHICAGO High. Low. Close. January 10.82 March 11.04 10,93 10.94 Mav 11.21 11.11 11.12 July 11.35 11.25 11.25 October 11.50 11.44 11.45 NEW YORK January 10.94 10.81 10.82 March 10.99 10.87 10.89 May 11.14 11.03 11.06 July 11.32 11.18 11.20 October 11.48 11.38 11.40 December 11.62 11.55 11.57 NEW ORLEANS January 10.80 10.77 10.77 March 10.93 10.83 10.84 May 11.10 11.01 11.01 Julv 11.25 11.15 11.17 October 11.45 11 33 11.33 December 11.55 11.52 11.46 The deer in our national parks decreased from 969,330 in 1931 to 946.546 in 1932.

pCOLLATERAL / v/n loans • /l J No Co-Maker* Repaid Over a Whole Year The Indianapolis Morris Plan Cos. S. E. Corner Delaware and Ohio Sts. HI. 1536.

Retirement Incomes The Lincoln National Life Ins. Cos. Burkhart & Moore Agency 914 Cont’l Bldg. Indianapolis RI. 6543

Conservative Business Invited amtrican Rational Bank AT INDIANAPOLIS

Insurance g See Us for % Your Insurance . A. J. Wichman & Go., Inc. I 712 Circle Tower jgj| Riley 1810 - f

Attractive Market* in Local and Indiana Building and Loan Stocks Wm. E. Shumaker & Company, Inc. 1408 Circle Tower LI-8354

WE ARE PREPARED TO Quote Markets and Execute Orders Home Owners Loan Corporation 4% Bonds CITY Securities Corporation 420 Circle Tower Indianapolis Telephone: Lincoln 5535

Utility St Ind pfd 2 Viking Pump . 1% Vortex Cup Cos 8% Vortex Cup Cos A . 26 Walgreen Cos com 19% 18% 18% Ward Montgomery A . 90 Wisconsin Bankshares. . 2% Zenith Radio 3%

Indianapolis Cash Grain

—Jan. 11— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. K. shipping point, basis 41% New York rate, were: •Wheat—Weak; No 1 red. 82%®83%c; No. 2 red. 81%&82%c: No. 2 hard. 81%® 82%c. Corn-Easy; No 3 white. 43%®44%c; No. 4 white, 42%®43%c; No. 3 yellow. 43 ® 44c : No. 4 yellow'. 43® 43c: No. 3 mixed. 41%®42%c; No. 4 mixed. 40%®41%c. Oats—Easy; No. 2 white, 33%®34%c; No. 3 w hite. 32 %g 33 %c. Hay iF. o. b. country points taking 23%-c or less rates to Cincinnati or Louisville 1 —Steady; No. 1 timothy, $7.50®8; No. 2 timothy, $76 7 50. - Inspections Wheat—No. 1 red. 1 car; No. 2 red. 1 ■ car; No. 3 red. 1 car. No. 2 hard. 2 cars: No. 3 hard. 1 car. Total. 6 cars. Corn—No. 2 white. 1 car; No. 3 white. 4 cars; No. 4 white. 1 car; No. 2 vello*. 1 car: No. 3 yellow. 3 cars; No. 4 yellow. 14 cars; No. 5 yellow. 1 car. Total 25 cars. Oats—No. 2 white. 7 cars: No 3 white 7 cars; No. 4 white, 3 cars. Total. 17 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 78 cents for No. 2 soft red wneat. Other grades on their merits. ST. LOUIS CASH GRAIN By United Press ST. LOUIS. Jan. 11.—Wheat In fair demand, steadv to %c lower: No 2 red 90%c; nominal: No 3 red. 896 90c Nc 2 red garlicky. 90%e; No 3 garlicky. 90c: No. 1 hard. 87c. Corn—ln fair demand %c lower: No 2 yellow. 51c. No. 3 yellow. 50c; No. 4 yellow. 48%®48%c. Oats —ln good demand, unchanged to %c lower: No. 2 white. 39%c: No. 3 white. 38%®39c No. 4 white. 38c: No. 1 mixed. 39%ti40c. TOLEDO CASH GRAIN By United Press TOLEDO. Jan. 11.-—Grain close (grain In elevators, transit billing); Wheat—No 2 red. 88%®89%c; No. 1 red, l%c premium. Corn—No. 2 yellow. 54%®55%c Oats— No. 2 white. 40%®41%c. R V e—No. 2. 67®68c. 1 Track prices. 28%c rate'; Wheat —No. 1 red. 85®85%c; No. 2 red. 84®84%c. Corn—No. 2 yellow. 50®52c; No. 3 vellow\ 49®51c: No. 4 yellow. 48®49c: No. 5 yellow, 47® 48c. Oats—No 2 white 37%® 39c; No. 3 white. 37®38%c. (Toledo seed close): Clover—March, $8.25. Alsike —Cash. $8.50. U. S. DOLLAR STEADY Domestic Gold Price Continues at 534.06 an Ounce. By United Press WASHINGTON. Jan. 12.—The government retained its domestic gold buying price at $34.06 per ounce today. This was $1.71 above the world price set in London today at 127 shillings 2 pence, up a penny from yesterday. Based on the opening pound sterling exchange rate of $5.08%, this was equal to $32.35 an ounce. The dollar remained at 60.69 cents. NEW YORK COFFEE FUTURES —Jan. 11— SANTOS High. Low. Close January g lg March C. 38 9 31 9^36 May 9.54 947 953 - 9.64 9.55 9.63 September P. 94 9,88 9 94 December 10.04 10.00 10.04 RIO January 6 63 March 6.75 6 72 6 75 May 6.94 6.87 6 94 July 7.07 7.02 7.07 September 7.18 7.14 7 18 December 7 29

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We deal act'iYely in U. S. Government Bonds Municipal Bonds Land Bank Bonds Public Utilities Stocks Distillery Stocks I. G. Kahn & Cos., Inc. Investment Counselors Lincoln 6787 Suite 445 Illinois Bid*. Indianapoli*

Abbott, Hoppin & Company 203 Continental Bank Building Riley 5491 New York Chicago Montreal Indianapolis Pittsburgh 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

Make Your Reservations Now for Summer Sailings to EUROPE ADVANCE SCHEDULES NOW OBTAINABLE A comprehensive tour of the major points of interest may be mad® at surprisingly low cost. May we not help you plan your summer tour? REGARDING THE 1934 PASSION PLAY If you wish to see the Passion Play in Oberammergau, extending from May 27th to September 16th, will gladly arrange for your reservations. RICHARD A. KI’RTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis jI*UNION TRUST**12C East Market St. RI ley 5341

. JAN. 12, 1934

6UUU UEMANU SENDS MAJUR GRAINS HIGHER Corn. Oats Drop Fractions: Winter Wheat Suffers in Drought Area. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Jan. 12 Grain prices were unsettled at the opening of the Board of Trade today. Wheat futures ran into buying orders :n the face of weaker stocks and cotton and were % to 1% cents higher. Corn futures dropped % to % cent and oats were % cent lower. Brokers looked for a trading market in wheat until there was a broadening of outside interests. After yesterday's action of grains, when prices sagged in the face of all-round bullish news, brokers were at a loss to make any predictions as to the future trend. The trade did not feel, however, that the influence of the southwestern situation could be ignored much longer. The winter wheat area, with more than twenty million acres suffering from intense drought, should be an extremely bullish factor soon. Chicago Primary Receipts —Jan. 11— Bu.'hrls— Tociav Last weak. Wheat 228.000 159.0r0 Corn 406 noo 330 000 Oats 125.C00 98 000 Chicago Futures Range —Jan. 17 " Prev. W'HEAT— High. Low. 10 00 close. Mav 86% 85% 86% .85% July 84 * j 83% 84% 83% Sept 85% .85% .85% .84*, CORN— May 52% .52 .52% .52% Julv , 53% .53% 53% 53% Sept 55 .54% .55 54% OATS— Mav 37% .37% .37% 37', July 36% .35% .36*4 36 Sept33 l , .34% .35% .34% RYE— Mav 60*, .59% .60% .59% July 61% .60*4 61% 60% BAR LEY'— May 53 .52% .53 .52% July . . ... .52% Sept . . ... .54 CHICAGO CASH GRAIN By United Press CHICAGO. Jan. 11.—Cash Grain: Wheat —No. 2 hard. 86%c. Corn—No. 2 mixed, 49%c; No. 3 mixed, 49%®50%c; No. 4 mixed, 48®49%c: No. 2 yellow. 50%®51%e; No. 3 yellow. 49%®50%e; No. 4 yellow. 48W49c: No. 5 yellow, 48%r; No. 2 white 51 %c; No. 3 white, 50'.it®51c. Oats—No. 2 white, 37' 4 ®39c; No. 3 white. 37%®37%c; No. 4 white. 35%®36c: sample grade white. 34c. Rye—No sales. Bariev -Sales 66®76c'; quotable. 48® 78c. Timothy—ss.so® 6. Clover seed—slo 00®13.50. Cash provision* —Lard, $5.40; loose. $4.60; leaf, $4.62 S. bellies. $6.32. NEW YORK CASH GRAIN By United Press NEW YORK. Jan. 11.-Wheat-No 1 red. $1.02; No. 2 hard winter $1.02. Com —No. 2 mixed. 60c Oats—No. 3 white. 47%c. All quotes C. I. F New York

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Newton Todd