Indianapolis Times, Volume 45, Number 213, Indianapolis, Marion County, 15 January 1934 — Page 8

PAGE 8

Wall Street Bankers Something to Think About. Initial Success of Deposit Guarantee Plan Should Give 'BY RALPH HENDERSHOT Time* Special Financial Writer

The plan for the guarantee of bank up to $2500 which went into effect on Jan. 1. 1934, seems to be going over very well. A survey made by the United Press indicates that deposits throughout the country have increased materially as a result—in some instances as high as 50 per cent. It seems that money which had been in hiding for a long time was being deposited in the banks because of the renewed confidence in the institutions under the guarantee. That is not as surprising as it might seem and probably constituted important news only to the bankers themselves. They went into the plan reluctantly and are still against it in principle. They are vigorously opposed to the idea of making it permanent on July 1. The reaction of the public to the guarantee plan should

convince the banking fraternity of the need of some sort of arrangement to better protect the accounts of depositors. They should oe willing to admit that it takes more than an imposing building and a few mahogany desks to convince the public that its accounts are safe in their hands. It is granted, of course, that there are grave dangers in the guarantee plan But it is the best the legislators of the country could formulate to satisfy the public. Since the bankers disapprove of it, they should be interested in working out another proposal which will be equally effective in not only holding the public's confidence but in seeing to it that this confidence is not violated. nun Foreign Financing Barred The new congress has already begun to make important financial history. The senate late last week unanimously passed the Johnson bill to prohibit public

Ralph Hendershot

or private financial transactions with any foreign government that is in default on its obligations to the United States. What this bill will do if it becomes law will be to serve notice on the world that contracts between nations must be honored and that attempts to evade them bring retribution. When a debtor in this country seeks to evade his financial obligations the creditor has recourse to the courts, but when another nation has sought to defraud the United States heretofore there seemed to be little or nothing to do about it. Correction of this situation would be an important international step. nan a a a An I. R. T. Statement Corrected It was incorrectly stated in this column recently that no protective committee for Interborough Rapid Transit stockholders existed. It develops that such a committee was formed in November, 1932, under the chairmanship of Arthur W. Loasby, w'ho headed the old Equitable Trust Company before it was merged with the Chase National bank. The committee was not very successful in securing deposits, however, only about 10 per cent of the Interborough stock outstanding having been turned in. Moreover, the committee was not invited to participate in the initial unification negotiations, and its attorneys, Sullivan & Cromwell, declined to crash in on the party.

New York Stocks ■ (Br Abbott. Hoppin <Si Cos.) ——————

—Jan. 15— Prev. Oils— High. Low. 10 30. close. Atl Rfe ... 29% 28% Barnsdall 8 7% 8 8 Consol Oil 10% 10% 10% 10% Cont of Del .... 17% 17% 17% 16% Houston inewi 3% 3% Houston told*. .. 21 a Mid Cont Pet 12% Ohio Oil 13 13 Ppt Corn . ... ... y Phillip:. Pet !!.’ . ! i5% 15% 15% 15% Pure Oil 12™ Royal Dutch ••• 3° Sbd Oil 2 l * Skellev Oil 8% 8 Snr Vac ... ... 16 va 15 VS SO of cii ..... 38% 38% 38% 38 SOof N J 45% 45 45 44% Texas Corp • •• 23/a 23,8 Tidewater Assn. 9% 8% 9% 9 Un Oil of Cal . 19% 19% 19% 18% Steels — Am Roll Mills / ... ... 19 Beth Steel 39% 39% 39% 38 s Byers A M 24% 24% 24% 23/4 Col Fuel & Iron. 5% 5% 8 i 5 s Cruc Steel 24 23% 24 23 2 Gulf Sts Steel.. 32 31 a 32 31 Inland Steel ... 45 44% 44% 45 Ludlum Steel 16% lo McKeesport Tin. .. ... f4 Nat! Steel 53% 53% a3% 52% Rep Iron & Steel 18% I<% 18% 17 s Rep Ir & Stl pfd 47% 45% 47>% 44 2 U S Smelt .. .100% 99% .... 97% Vanadium 24 23% 23■ 23 Mid Stfel • lo 1 2 1-5 2 U S Pipe & Fdy 21% 21% 21% 20% U S steel 50* a 49% 50 48 b U S Steel pfd ... ••• 91 91 Youngstn S& T 24% 24 24 2 Atchison 60% 60% 60% 59% Atl Cst Line 43 B& O 24% 23% Ch & Ohio 41 40 2 C M & St P pfd 7% 7 /a Chi N W Chi R Isl 3 % •,, Dela & Hud ■ 35 4 d 1 2 i> Grt Northern pf 21% 21 Vs 21% 20' 2 111 Central Jl' K C Sou Lou & Nash 3- ol Mo Pac 3% 3% 3 4 3 4 Mo Pac pfd 5% 5 4 5 2 5 N Y Cent 35% 34% 34 a 33 4 N Y New Haven 16% ' N Y Ont & Wes. .. \\, Penn HR -32 31% 32 31 4 Sou d Pac 21% H '2i% 20% lou R R • 26% 26% 26% 25% Union Pac ••• “J,, •%. West Maryl 9a 9 * Auburn 1 * - 50% 49% Chrysler 51% 51% 5W 50% Gen Motors 35% 34% Graham Mot “Vs Hudson !4 s 74.4 K Truck :: ::: * 3% Nash ••• 2 1 4 Packard J, J* Reo 3% 3 1 * Studebaker ... 5% 5% 5% 5% Yellow Truck ... 4% 4% Motor Access— Beudix 1" 2 }> Bohn Alum 58 % 57 Borg Warner . . 22% 22 22% 21% Briggs ... 12% 12% Budd Wheel ... 3% Eaton Mfg 14 13% Elec Auto Lite.. .. ... 19% 19 Houd A ... 4 4 Murray Body 6% Stew Warner 6% 6% Timken Rol ... 31 30% Mining— Alaska Jun .. 22% 21% Am Smelt ... 44% 43% Anaconda ...- 14% 14 Cal & Hccla 4 Cerro De Pasco. .. ... .. 34% Gt Nor Ore 11% 11% Homestake Min 310 Howe Sound ... ... 36% Ins Copper .... 5 4% 5 Int Nickel 22 % 22 Kennecott Cop.. .. ... 19% 18% Noranda Cop 34% 34 Phelps Dodge .... ... 16% 16 Pitts Coal 10 Tobaccos— • Am Tobacco B 69% 69 69% 69% Gen Cigar ... 29% Ligg & Myers B ... ... 80 Lorrillard ... 17% 17 Reynolds Tob B .. ... 40% 40% Equipments— Allis Chalmers 17% Am Car & Fdv.. 25% 25 25% 24% Am Loco 28% ... Am Mach A- Fdy .. ... 14% ... Am Steel Fdv 20% 21% Bald Loco 11% 11% Burroughs 16% 16% Case J I 70% Cater Tract 24 Col Palm Peet 12 11% Congoleum 23% Elec Stor Bat 47 Foster Wheeler.. .. ... ... 13% Gen Am Tk Car. .. ... 37% 36% Gen Elec 20% 19% Gen R R Sic 36 36 Ingsol Rand ... 63% 63% Int Bus Mach 141% 141% Int Harvester . 40% 40% 40% 39% Kelvinator 12% 12% Nat Cash Reg 18% 18% 18% 17% Proc & Gam . 39% 39% Pullman Inc ... 53 53 Simmons Bed .... .. 18% 18% Und Elliot 40% 4040% 39% West Air B ... 28 27% Westingh Elec . 38% 38% 38% 37% Worthmgt Pmp. .. ... 23 22% Utilities— Am A For Pwr. 8% 8% Am Pow A Lt 7% 7 A T A T 115 114% 115 114 Am Wat Wks .. 20 19% 20 19% Brk Un Gas 66 Col Gas & Elec 13 12% Col G A- E pfd 59 Con A- Sou 2% 2% Consol Gas . . . .. . 40% 39% Elec Pwr Ar Lt . 4% 5% 5% 50% E P & L pfd 9% Int T A T 14% Nat Pwr A- Lt . 10% 10% 10% 10% North Amer 16% 16 16 16 Pac G A- E 18% 18% 18% 18 Pub Serv N J . . .. 35 So Cal Edison . 18% 18% 18% 18% Std Gas ... 8% 8% Std Gas pfd 9 United Corp 5% 5% Un Gas Imp 16% 16 Ut Pw A Lt A 3% 3% 3% 3% Western Union ... . . 56 54% Rubbers— Firestone • • ■ 19 Gooduch 13% 13 s i 13% 13% Goodvear ... 35 34 U S Bubber 16% 15% U S Rubber pfd 26% 26 26% 25 Kel Spring 32% Amusements— Fox Thea 13% 13% Loews Inc 27% 27% 27% 26% Radio Corp .... 7% 7 7 7 RKO 2% 2% Warner Bros 5% 5% Foods— Am Sugar 48% 48% 48% ... Armour A 5 5 Beatrice Cream 11 11 Borden Prod k 21% 21% Cal Packing 1 ... 20% Canada Dry G A 25% Cont Bat A 7% Com Prod 75 74 Crm of Wheat.. 28% 28

Gen Foods 35% 35 35 34% Gold Dust ... 18 17% G W Sugar 30% 30 Hershey ... ... 50 Int Salt ... ... 21 % Loose Wiles ... 42 Natl Discuit 47 46% Natl D Prod ... 14 133/, Purity Bak h.'J S Porto Rico S 34% Std Brands .... 23% 22% 23% 22% United Fruit .... '... 61 Retail Stores— Best & Cos 27 Gimbel Bros * 5 Gimbel pfd 20*•> Hahn Dept Sts " 55^ Kresge S S ii% 14 i/° Kroger Groc 24% May Dept St 323/, 33 Mont Ward .. 23% 23% 23% 23 Penny J C 571, 56 Safeway St ... Sears Roebuck.. 43% 43% 43% 42 3^ Woolworth ~ 441 Z Aviation— 2 Aviation Corp . . 77g 73^ Douglass Air . . 17% 17 17% 17 Curtiss Wright 2% 2% Curtiss Wr A...% Nor Am Av . . 51/U United Aircraft. 32% 32% 32% 31 Chemicals— Air Reduction 99 qgi/, Allied Chem 145% 145 Am Com Alcohol 59% 59 59 58% Col Carbon 59% 59 59 59% Com Solvents . 35% 34% 35% 34% Dupont 93% 93% 93 7 n 92% Freeport Tex 43% 43% Liquid Carb 27% Math Alkali . . . 34% 33% 34% 33% Tex Gulf Sulph. 38% 38% 38% 38 Union Carbide.. 46% 46% 46% 46 U S Ind Alcohol 59% 59 59% 61 Natl Dist (new). Drugs— Cot.v lne 434 4 Lambert ... 24% Lehn St Fink ... 17 Zonite Prod ... ... 5% Financial— Adams Exp 7% 7% 7% 7% Alleghany Corp 3% Chesa Corp ... 351/, Transamerica 7 7 Tr Conti Corp.. 5 4% 4% 4% Building— Am Radiator ... 15 141/Int Cement 301,-, Johns Manville.. 58% 58% 58% 57 Libby Owens Gls 38% 38% 38% 37% Otis. Elev 16 15% Miscellaneous— Am Can 96% 96% 96% 95% Anchor Cap ... igs Brklyn Man Tr. .. 32% 33% Conti Can . . 78 771/, Eastman Kodak. . 80% Gillette 9% 91® Glidden 18% 18% 18% is' Gotham Silk ... .. ... 75^ Indus Ravon 79% 78 Inter Rapid Tr 12% 12 Real Silk Hose.. . ... 9 New York Curb (By Abbott. Hoppin St Cos.) —Jan. 13— Close.: Close. Allied Mi 115.... 8 Gen Aviation.. 5% Alum Cos of Am 72 3t Atl St Pac 128 Am Beverage... 1% Glen Alden Coal 11% Am Cyanide B. 16% Gulf Oil of Pa 59% Am Gas & El.. 24% Hiram Walker.. 55 Am Superpower. 2% Hud Bav Min.,. 9*; Ass Gas St El.. % Humble Oil 35% Atlas Corp... 10% Imperial Oil Ltd 12% British Celanese 3% Int Petrol 19% Can Marc 2% Lake Shore Min. 44% Carrier Corp... 6 Libbv McN Libbv 3% Cities Serv ... 2N Natl Bellas Hess 2% Commonwth Ed 46 Nia Hud Pwr. . • 5% Consol G of Bit 53% Novadel Aeene 63 Creole Petrol.. 10% Penn Road ... 2% Deere & Cos . 29 3t Regis Paper. 2% Distillers Lim.. 21% Sherwin Wms .. 49% Distillers Core . 24% Std of Ind 3’% El Bd St Shar 14 Std of Kv 15 Fisk Rubber ... 10% Teck Hughes Gd 5% Ford of Can A 15% Un Pw St It A. 3% Ford of Europe. 6% Wr Harg Min.. 7

In the Cotton Markets

—Jan. 13— CHICAGO High. Low. Close. January 11 00 March 11.08 10.92 11 08 May 11.25 11.07 11.25 July 11.40 11.25 11.40 October 11.60 11.43 11.60 December 11.72 11.56 11.72 NEW YORK January 10.88 March 11.00 10.83 10.99 May 11.17 11.00 11.13 July 11.32 11.14 11.32 October 11.50 11.32 11.49 December 11.64 11.46 11.64 NEW ORLEANS January 10.80 March 10.99 10.80 10.95 May 11.15 10.97 11.12 July 11.31 11.12 11.29 October 11.49 11.30 11.48 December 11,59 11.44 11.59 A. D. THEOBALD SPEAKER Chicago Executive to Head Meeting of Local Chapter. A. D. Theobald of Chicago, director of education and research for the American Savings, Building and Loan institute, will be principal speaker at a dinner given bv the Indianapolis Chapter of institute tonight. Frank B. Stout, of Railroadmen's Building and Savings Association, president, of the local chapter, will preside. Mr. Theobald holds the major executive position with the institute, which is the national educational organization of the seven billion-dollar building and loan business. NRA CLUB ORGANIZED Martin Lannan Is Elected President by Democrats. Officers of the NRA Democratic Club, organized Saturday night, include Martin Lannan, president; Mrs. John Boyce, \ice-president; Henry Duer, second vice-president; Mrs. Ira Buttz, secretary: Mrs. Martha Dunn, treasurer; Mrs. M. M. Sallee, corresponding secretary, and Ira Buttz. Fred Higbee and John Roach, directors.

STOCK VALUES WEAKEN AFTER STRONG UPTURN President Sets Level for Dollar Between 50 and 60 Cents.

Average Stock Prices

Average of thirty industrials for Saturday; High 98.12, low 97.80. close 98.66. off .07. Average of twenty rails: 41.79, 41.31, 41.62. on .09. Average of twenty utilities: 24.56. 24.12. 24.36, up .03. Average of forty bonds. 86.52, up .07. Average of ten first, rails: 92 71. up 25. Average of ten second rails: 72.56, up .11. Average of ten utilities: 92.97. up .10. Average of ten industrials: 87.85. off ,17. By United Preen NEW YORK, Jan. 15.—Booming markets today followed advance in the treasury price for newly-mined gold to $34.45. Stocks soared 1 to 5 points, with tickers losing ground. Buying orders poured in. Commodities surged forward. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Jan. 15. —All markets rose sharply in active trading in advance of President Roosevelt’s message today, and then turned quiet when the message was published with prices easing from the highs. Trading during the morning was at a rate of 3.500.000 shres for a full day. At their heighs various issues registered gains of 1 to more than 4 points. Bonds were bid up in the morning, with United States governments participating. Commodities also registered substantial gains. They later lost part. To those in the financial community who expected a request by the President for devaluation of the dollar at the present time, the message was a disappointment. To others it was more than had been anticipated. Wall Street was particularly impressed by the fact that the President set a level for the future dollar between 50 and 60 cents. That would help business and bonds, it was said. The plan for an “equalization fund” gave the impression the government would seek to devalue the dollar in terms of foreign exchange and was considered highly beneficial for commodities. On the plan to take over the federal reserve gold there was controversy, although that had little market importance. Regarding silver legislation, Wall Street does not believe the President has disposed of this matter as yet. Europeans sold dollars on news of the message. Tse pound spurted to $5.14 5 4, while the French franc reached 6.34 cents. Stocks held a fair amount of their

Bank Clearings

INDIANAPOLIS STATEMENT —J an. 15— Clearings $1,891,000.00 Debits 5,572,000.00 TREASURY STATEMENT By United Press WASHINGTON. Jan. 15.—Government expenses and receipts of the current fiscal year to Jan. 12. compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $3,085.904 131.05 $2,854,656 849 19 Receipts. 1.586.423.740.40 1.082.442 776 00 Deficit.. 1,499,480.390.65 1,772,213 713 19 Cash Bal. 717,210.544.32

U. S. Government Bonds

By United Press NEW YORK. Jan. 13 —Closing liberties. (Decimals represent thirty-seconds): Liberty 3%s (32-47) joo 15 First 4%s (32-47) 101 12 Fourth 4(4s (33-38) 10L27 Treasury 4'4s-3*4s (45) 98 17 4 Vis 147-52) 105.16 3%s (43-471 996 3%s (41-43) March 99 2 3%s (40-43) June 99 12 3 Vis (41) 98T6 3%S (46-49) 96.15 3s (51-55) 94.24 New York Bank Stocks Abbot, Hoppin St Cos. —Jan. 13. Bid. Ask. Bankers 53% .54'% Brooklyn Trust 78 .81 Central Hanover 1.11 1.13 Chase National 23% .24% Chemical 34% .35 National City 25% .25% Corn Exchange 48% .49% Continental 1274 .13% Empire 16% .16% First National 13.35 14.00 Guaranty 2.82 2.84 Irving 16% .16% Manhattan <k Cos 25% .26% Manufacturers 17% .17% New York Trust 79% .80% i Public 25 .25%

HORIZONTAL Answer to Previous Puzzle 13 Corded cloth. 1,4,S Who is 16 To build, the woman. 5~~-ND—>A K L M AL I is Failing in ’in the pic- J_ MMCTapuA, 1- jAi I |DWDIO|NIBP duty, tore? 5 wru., A 2l What is her S She is a I T L IL VIBRA L nationality? famous : A PASHA 24 Visionary. writer. N 26 Entrance. 11 Yellow Si AiL DMP UEMD U NIIV A 2S Pore. bugle. . uIT~E~BP t 7 OHM; EJIPA'M 29 Bard. 14 Meadow. |LjL; A;M|A J SPMk iMIBU I |NIY] 30 Rowing tool. 35 Dogma. * IEjV E X 7 To choose AGITMbP I Ie a knife. by ballot. SPiPQ T NiGA r G:E 22 A fox. 19 Uncommon. |S Q L I E RIIST E E 'EOI 33 Irisfa tribal 20 Public rank, garden. 43 Age. known work.. 35 Structural 22 Southeast. 44 Neuter vePTirn Ullit ’ 23 Italian river. -pronoun. * * 3S Second note. 25 Mother. 45 Authoritative 1 Lid. 41 sloe. 2 1 She is. a sanction. 2 The pine- .42 Chum. noted 46 Curses. apple. 45 Tab. (Pi-). -is Deity. 3 Road. 47 Portico. 33 Paid publicity. 49 DilatoT. 5 Bone. 49 Ocean. 34 Redacts. 51 Slat. 6 Short sleeve- 50 Reverence. 36 Grain. 53 Pertaining l ess jacket. 52 Bedding for 37 Weird. to an area, 7 DoorTatch. horses. 39 To free. 54 To possess. S Morsel. 54 Preposition. 40 Part of medi- 56 Streets. 10 Gun. 55 North cal science. 57 Her best 12 Devoured. Carolina,

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THE INDIANAPOLIS TIMES

| Chicago Stocks 1 By Abbott. Ho?p!d St Cos. i TOTAL SALES, 24,000 SHAKES —Jar.. 13High. Low. Close. Ainsworth Mfg 8% Asbestos Mfg ... 3V. Assoc Telephone Util % Bastian-Blessing . ... 5% Bendix Aviation 17V{ 16% 17% Bmks Mfg 2\ 2<4 2% Borg-Warner 21% am 21% Brach it Sons 8 E L Bruce Cos 8% Butler Bros 5 414 5 Cent 111 Securities pfd ~ 6 Cent St So West ... IVi Cent So West pfd ... 7 6 7 Cent it So West P L p .. ... 9 Chi & Northwestern ... 77; Chicago Corp com .. 2% 2% 2% Chicago Corp pfd 23 Cities Service 2% 2% 2% Commonwealth Edison. 49% 46% 49 Cord Corp . ’a 3 * 6% 6 3 Crane C'o . . 8 7% 8 Gardner-Denver Cos ... 18 Godchaux iB) ... 3% Goldblatt Bros 23 <4 22 23'% Great Lakes Aircraft.., % % % Great Lakes Dredge .. 20% 20% 20% Grigsby-Grunov; % % % Houdaille-Hershey (B). 4% 4 4% Iron Fireman 10 9V, 10 Katz Drug t 21 Ken-Rad Tube St Lamp 2Vi 2% 2% Kentucky Ut Jr Cum p 11% Keystone Steel ... 12 Libby-McNeil 3% Lynch Corp ... 34% McWilliams Dreag Cos. 17% 17'/* 17% Middle West Utilities ... .. y Midland United % Noblitt-Sparks Indu Inc 12% 12 12V* Northwest Bancorporatn 5 4 7 4 5 Northwest Engineering , 5Vi Penn Gas & Elec *7 Perfect Circle / 23% Prima Cos 7% 7% 7% Public Service N P ... 19 18 18 1 2 Public Service 6% pfd.. 53% 50 53% Public Service 7% pfd.. 57% 55Vi 57y 2 Quaker Oats 121 Reliance Mfg Cos 157a 15% 15% Rollins Hosiery 15 Ryerson St Son 12 Vi Sears Roebuck ... 42% Swift A- Cos 14% 14% 14% Swift Internacional 25% 25 25 Thompson. JR 8 Union Carbide St Carb 47 Utility & Ind pfd 2V; Walgren Cos, com 18Vi 18V'8 18Va Warchell pfd 1% Ward, Montgomery (A) 90 89% 90

Foreign Exchange

ißy Abbott, Hoppin St Cos.) —Jan. 13— Close. Sterling, England $5.09% Franc, France 0615 Lira. Italy 0822 Belgias, Belgium 2177 Mark, Germany 3727 Guilder, Holland 6298 Peseta, Spain 1295 Krone, Norway 2560 Krone, Denmark 2275

Federal Farm Loan Bonds

(By Blyth & Cos., Inc.) —Jan. 13— Bid. Ask. 4s, Nov. 1, 1957-37 88% 90V4 4s, May 1„ 1958-38 89 Vi 90% 4Vis, July 1. 1956-36 89" 90% 4%5, an. 1, 1957-37 89 90% 4%5. May 1, 1957-37 89 90% 4%5, Nov. 1, 1958-38 89 90% 4Vis, May 1, 1942-32 93% 95 4Vis, Jan. 1, 1943-33 91 92% 4Vis, Jan. 1, 1953-33 91 92% 4Vis, July 1, 1953,33 91 92% 4 Vis, Jan. 1, 1955-35 91 92 % 4'/ 2 s, uly 1, 1955-35 91 92% 4 Vis, Jan. 1, 1956-36 91 92% 4%5, July 1, 1953-33 93% 95 4%5, Jan. 1, 1954-34 93% 95 4%5, July 1, 1934-34 92% 95 ss, May 1, 1941-31 97 Vi 98% ss, Nov. 1, 1941-31 97 Vi 98% Home Loan 4s. July 1, 1951... 92% 93%

Retail Coal Prices

The following price? represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per tOD is allowed. DOMESTIC RETAIL PRICES Anthracite *l4 25 Coke, nut size 8 75 Coke, egg size 8.75 Indiana, forked lump 5 59 Indiana, egg 5.00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 825 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and SI a ton for coal carried to bln. Marriage Licenses Kenneth Keller. 27. of 3207 North Illinois street, clerk, and Miriam Martin, 22, of 1224 North State avenue, waitress. James W. Davis, 22. Beech Grove, laborer, and Katherine Williams, 19, Beech Grove, housekeeper. Vernon Campbell, 29. of 1116 North Capitol smri-'". "-elder, and Helen Burton, 30. of 1116 North Capitol avenue, nurse. Robert Badgley, of 837 Church street, riecorotor. ana Bieudenna Todd. 18, of 214 East Tenth street, housekeeper. Emery Shepherd. 24, of 1424 Linden street, counter man, and Pauline Tudor, 22, of 1004 Virginia avenue. Lowell A. Morgan. 27, Pittsboro, Ind., teacher, and Mary Hanner, 24, of 221 East Michigan street, stenographer. William G. Deckert. 22, R. R. 3, Box 870, salesman, and Agatha Pickens, 19, of 530 Trowbridge street, clerk. William B. Glass, 26, of 1905 Talbott avenue, electrician, and Eleanor Mullen, 22, of 434 South Butler avenue, seamstress. CHICAGO FRUIT MARKET By United Press CHICAGO, Jan. 13—Apples—Michigan Jonathans, bushel, $1®1.50; Baldwins and Wagners, bushel, [email protected]. Carrots—lllinois, 50®765c bushel. Spinach—Texas, 75c@ sl,lO bushel. Beans—Southern green, $1.50 @2.15 bushel hampers; wax, $2®2.25. Mushrooms —Illinois. 15® 27c pound cartons. Cucumbers—Southern, s3@4; hothouse, $3.50®4.50. Tomatoes—Florida. s2® 2.75; hothouse, SI'S: 1.25 (88 pounds). Leaf lettuce—Ohio hothouse, 50@55c GO pounds); Illinois, 17%®22%c (5 pounds). Celery—Michigan, 25@85c square crate. Cabbage—Wisconsin, s2® 2.25 100-pound sack. Parsnips—lllinois, 75c@sl, hothouse. Sweet Potatoes—lllinois. 51®1.40 bushel. Indiana, $1,50® 1.85. Radisheslllinois, hothouse. 50c (dozen bunches). Rhubarb— Michigan, hothouse, 20®60c (5-pound boxi. Onion Market—Western, Valentias, $1.40®. 1.50; central, western yellow, [email protected]; western whites, $1.75@2.

PORKER PRICES MOVE 15 TO 25 CENTSLOWER Yearling Steers Active and Strong; Other Grades Remain Steady. Weak trend appeared in the hog market at the Union Stockyards this morning, with practically all supplies on hand selling around 15 to 25 cents lower than Saturday's average. Initial trade developed slow in most classes with receipts above normal. The bulk, 160 to 250 pounds, was selling at $3.40 to $3.50, while extreme weights, 250 pounds and upward, brought $3.15 to $3.35. Lighter grades scaling 130 to 160 pounds sold at $3 to $3.20. Small slaughter pigs weighing 100 to 130 pounds were salable at $2 to $2.75. Receipts were estimated at 11,000. Holdovers, 127. Yearling steers were active and strong in the cattle market, while several other grades remained steady with the previous close. Cows were stationary and heifers weak. Bulk steers ranged from $5.25 to $6.80. Receipts were 800. Vealers showed little change, selling at $6.50 down. Receipts numbered 500. Lamb prices continued unchanged, with most supplies valued to sell at $8 down. Action was scarce in the early trading while only choice kinds were being considered. Receipts were 1,000. Bids on hogs at Chicago held steady with Friday's average at $3.25 to $3.50 on weights scaling 160 to 300 pounds. Receipts were estimated at 40.000, including 10,000 directs; holdovers, 1,000. Cattle —Receipts were 22,000; calves, 2.000; market, weak. Sheep receipts numbered 15,000; market, steady to strong. HOGS Jan. Bulk Top Receipts 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 13. 3.55® 3.75 3.75 4,000 15. 3.40® 3.50 3.50 11,000 Market, Lower <T4O-160) Good and choice $ 3.10® 3.25 —Light Weights— U6O-180) Good and choice.... 3.50 (180-200) Good and choice.... 3.50 —Medium Weights—-(2oo-220) Good and choice.... 3.45® 3.50 (220-250) Good and choice... 3.40® 3.45 —Heavy Weights—-(2so-290) Good and choice.... 3.30® 3.35 (290-350) Good and choice.... 3.20® 3.30 —Packing Sows—(3so down) Good* 2.50® 2.75 (350 up) Good 2.25® 2.65 (Allweights) medium 2.00® 2.50 —Slaughter Pigs—-(loo-130) Good and choice.... 2.00® 2.75 CATTLE Receipts, 800; market, steady. (1.050-1,100) Good and choice $ 5.75® 7.00 Common and medium .... 4.00® 575 (1.100-1,500) Goad and choice 5.00® 6.75 Common and medium 4.00® 5.00 (675-750) Good and choice ...! 5.00@ 6.25 Common and mediunj 3.00® 5.00 (750-900) Good and choice 4.50® 6.00 Common and medium 2.75 4.50 0 —Cows— Good $ 2.75® 3.50 Common and medium 2.25® 2 75 Low cutter and medium 1.25® 2.25 Good (beef steers) 2.50® 3.25 Cutter, common and medium. 1.50® 2.50 VEALERS Receipts, 500; market, steady. Good and choice $ 6.00® 6 50 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 (800-1.500) Good and choice 3.75® 4 75 Common and medium 2.50® 3.75 SHEEP AND L AMBS Receipts, 1,000; market, steady. (90 lbs. down) Good & Choice $ 7.75® 8.25 (90-110 lbs.) Good and choice. 7.25® 800 (90 lbs. down) Com. and med. 5.00® 7.00 —Ewes— Good and choice 2.50® 3.50 Common and medium 1.25® 2.50 Other Livestock BY UNITED PRESS EAST ST. LOUIS, 111., Jan. 15—Hogs— Receipts 14,000,• market 10c to 15c lower; top. $3.50; bulk 160-250 lbs . $3.40® 3 50no action on heavies, light lights or pogs few 100-pounders at $2; sows, $2.25® 2.50. Cattle—Receipts. 4,000. Calves —Receipts, 2,000; market not established on steers; receipts on this class liberal and indications lower: quality better than usual for Monday with weights predominating; mixed yearlings and heifers were slow with a few early deals weak to lower; cows barely steady in initial trade; bulls weak to 10c lower; vealers 25c lower, with top kinds $6; few cows $2.50®3; low cutters $1.50® 1.75; sausage bulls downward from $3.15; slaughter steers. 550-1,100 lbs. good and choice, $5.25(5:6.50; common and medium, $3®5.50; 1.100-1.500 lbs., choice, ss® 6.50; good. $4.25® 6.25; medium. $3.75 @5.25. Sheep— Receipts, 1,500; market opened steady to city butchers; few choice lambs, $8.25; no action on others: lambs, 90 lbs. down, good and choice. $7.50® 8 25common and medium. 54.50®7.75; lambs. 90-98 lbs., good and ehoice. $7.50®8.25; yearling wethers, 90-110 lbs., good ' and choice, $5®6.75; ewes. 90®159 lbs. good and choice, [email protected]: all weights common and medium, [email protected]. PITTSBURGH, Jan. 15.—Hogs—Receipts, 2.500: holdovers, 450; steady to 5 cents higher; 160-210 lbs., s4® 4.15; closely sorted, 180-200-lb. averages, at the top; 250 lbs., up, $3.50® 3.75; 100-130 lbs., s3® 3.75; packing sows. $2.80 down. Cattle—Receipts, 600; early sales light steers. $4.85 @5.55; two-load heavies over 1,300 lbs $5®5.20; bulls, steady at $3.75 down; lowcutters and cutter cows, $1®2.25; good fat cows. $3.25 and above; good heifers $3.75® 4.25; odd heads, $4.50. Calves— Receipts, 300: slow and steady; top vealers $7. Sheep—Receipts. 800, steady; top and bulk fat lambs. $8.60; medium, $5.50® 7; aged wethers, $4.25 down ewes, $1.50 S3. CLEVELAND, Jan. 15.—Cattle—Receipts, 1.200; market slow and 25 cents lower than last week's highest levels; choice steers. 750-1.100 lbs. s6® 6.50; good steers, 600-1.200 lbs.. $5®5.50; heifers, good 6001.000 lbs.. $5.50® 6. Calves—Receipts 500; market steady and all sold early; good to choice. $6.50®7; prime, [email protected]. Sheep— Receipts, 1,700: market steady; choice wethers, [email protected]; medium to good. $1.50®2; ewes, s2®3. Hogs—Receipts, 4.000; market 15 to 20 cents lower; receipts heavy; all sold in active trade; heavies. $2: 250-300 lbs., $3.25; choice to medium, 220-250 lbs.. $3.40; light butchers, I 180-210 lbs.. $3.90; pigs. $2.50. . ! FT. WAYNE. Jan. 15.—Hogs, 20 cents lower; 160-200 lbs., $3.40; 200-250 lbs, 53.30; 250-300 lbs., 53.20; 300-350 lbs $3.10; 150-160 lbs.. $3; 140-150 lbs $2 85 : 130-140 lbs.. $2.65; 100-130 lbs.. $2 35 : roughs. $2.25; stags, $1.50. Calves—s6.so. Western lambs—sß: natives, [email protected]. By Times Special LOUISVILLE. Jan. 15.—Cattle—Receipts, 800; market active fully 25@50c higher on steers and heifers; sausage bulls. 25c higher; other killing classes fully steady to strong; bulk common to medium steers and heifers. s4®s; very few below $3.50: better finished fed kinds. $5.25@6. with strictly good babv beef types considered eligible; higher bulk beef. *2.50®3: good. s3.do; low cutters and cutters. $1.25®2.25; sausage bulls. $3.25 down: common to medium native stockers and feeders. $2.50 @3.50. Calves—Receipts. 350: market not established, indications steady to weak; bulk better grade vealers. $4.50® 5.50 Hogs—Receipts. 1.900: steady: 160-230 lbs.. $3.75%3.85: 230-300 lbs S3 65 & 3.75: 300 lbs. up. 53.55®3.60: 130-160 lbs. $3.30® 3 55; 110-130 lbs.. 52.70@3 30; 110 lbs. down. $2; sows. $2.50: stags. $1.20. Sheep —Receipts. 50: steady: medium to good lambs mostly [email protected]; choice kinds eligible. $7: throwouts mostly *4: bulk fat ewes. $2. NEW YORK COFFEE FUTURES —Jan. 13— SANTOS High. Low. Close. January 9.43 March 9.60 9.50 9.59 Mav 9.80 9.71 9.79 July 9.90 9 83 9 90 September 10.46 10.14 10.24 December 10.35 RIO January 6.84 March 6 99 6.95 6 99 May 7.16 7.12 7.16 July 7.32 7.26 7.32 September 7.42 December .... .... 7.60

Million Jobs Is Goal of Babson Proposal

Business Leader Points to Employment Outline as Solution. I By United Press NEW YORK, N. Y.. Jan. 15. Plans showing how the new revenue bill could be amended so that it might provide employment for approximately 1.000,000 more people without ultimate loss in public taxes, were outlined today by Roger W. Babson, founder of the Babson statisticial organization. Five illustrations are given in the following statement; 6 1. To bring about normal employment it is absolutely essential to j stimulate the building of homes. ; The construction of small homes by : individuals is the most potent factor in developing both business and ! citizenship. j 2. In view of the present condij tions of banks, building and loan ! associations and other ordinary’ ; channels for securing capital funds, ; such small homes must now be built or financed by private persons. 3. As statistics show that such | private persons are mostly those j who are now paying surtaxes, it is

The City in Brief

TOMORROW’S EVENTS Rolarv Ciub, luncheon, Claypool. Gvro Club, luncheon. Spink-Arms. Mercator Club, luncheon, Columbia Club. Architectural Club, luncheon, Architects’ and Builders’ building. American Chemical Society, luncheon, Severin. _ . University Club, luncheon, Columbia Club. Theta Chi, luncheon, Washington. Sheet metal and warm air heating contractors, convention. Antlers. “No non-believer ever gazed out into the universe through a telescope that he did not realize that some great master mind was back of it all, and that that mind is God,” declared Rev. Loren E. Pecaut, in his sermon last night at the Cadle Tabernacle on “God Is.” Mangled remains of Mrs. Allie Harris, 40, Negro, 1938 Yandes street, was found on the Monon railroad tracks at Seventeenth street early today, after she had been missing from home since early last night. Bettie Swink, 20 months, 2453 Sheldon street, was taken to city hospital yesterday after she had swallowed a small quantity of coal oil. A police emergency squad administered an antidote. Donald Lynch, 2, of 217 McKim street, today was recovering at city hospital, where he was taken yesterday for treatment after drinking kerosene he found in the kitchen of his home. “Can Democracy Solve the Problems of Capitalism?” will be the topic of an address before the economics research forum at 7:30 tonight in Cropsey hall, central library, by Professor Walter L. Slifer of Butler university. Douglas C. McMurtrie of the Ludlow Typograph Company, Chicago, will discuss “Typography in the Modern Tempo” at the Advertising Club luncheon Thursday in the Columbia Club. Senor Juan B. Urrutia will address the Club Latino Americano Wednesday night at the Central library on his impressions of American life. Latin-American and Spanish residents of Indianapolis, as well as others interested in the Spanish language, have been invited to attend. Falling asleep as he was driving his car north on Illinois street at Thirtieth street, William Hale, 22, of 619 Langsdale avenue, ran into a parked automobile and suffered a five-inch head cut. He was taken to city hospital. Struck by a hit-and-run truck driver at Warman avenue and West Morris street last night, Udell Barnes, 19, Postal Telegraph messenger boy, was taken to city hospital w’ith minor injuries. The bicycle which he was riding was completely demolished. Joseph Burrway, 21. of 48 English avenue, was in city hospital with serious head and chest injuries today as result of being thrown from a car which collided with a utility pole Saturday afternoon at Shelby and Bacon streets. Thieves breaking a lock in the rear door of the Garfield theater, I Raymond and Shelby streets, last night or early today stole several days’ receipts, amounting to approximately S2OO, and two flashlights, according to a report to the police today. Dr. Richard H. Miller, clinical professor of surgery, Harvard medical school, will speak on “Ulcer and Cancer of the Stomach” at the meeting of the Indianapolis Medical Society at 8:15 tomorrow night in the Athenaeum. B. P. Diffily and G. Davis, local representatives of the Western and Southern Life Insurance Company,! will attend the forty-fifth annual! convention of the company in Cin- j cinnati Jan. 18 to 29.

On Commission Row

—Jan. 15— Fruits Cranberries—Cape Cod early blacks, 25- i lb. box. $2.60. Grapes—Semi sawdust, 28-lb. lug. $3.25. | Pears Washington A’AJou, 90—1655. i $2 50; Avascados. Fla., 16-16s. crate. $1.75. | Strawberries—Florida, 20c per pint. Bananas—Per pound, 5%c. Apples—Wealthy, Wolf River. Grimes Golden, Jonathan. Florida, $1.35 , g2 a bu.. i fancy Staymans. $2.25 a box. Grapefruit—*3® 3.75. Oranges—California Navels, $4.50 a box. j Vegetables Cabbage—Eastern Danish. 50-lb. bag, $1.65: new Texas, 50-lb. crate, $3. Onions —Indiana white. 50-lb bag, $1 40Indiana yellow. 50-lb. bag. $1.50. Beans—Round stringless, hamper. $2.25: 1 best. $2.75. Beets—Bulk per bu.. 51.15; Texas, new. $1.50 a crate. Peas—3o-lb. hampers. *2.75@3. Carrots —California, $3 a crate; per doz.. 60c: Michigan. $2 50 per crate, doz.. 60c; bulk per bushel, $1.15. Cauliflower—California (11-12si, crate $1.60. Celery—Michigan Mammonth, dozen. 65c; medium bunch. 45c; hearts. $1.25; 18bunch per crate. $1.25; California, *2.75 j crate. Cucumbers—Florida. $4 50 bushel: hot- I house. *1 per dozen. Lettuce—lceberg best (4-ss) crate. $3.75'*/ 4; hothouse. 15-lb. basket. *125 Radishes—Hothouse buttn. 75c down. Spinach—New Texas. $1 per bu. Turnips—Per bu., 85c. Tomatoes—Hothouse, $1.50. Potatoes—Northern round whites, 100-lb. bag. $2.15; R R Ohios, 100-lb. bag *2.15; 15-lb. bag. 35c: Idaho Russets. 100-lb. bag. $2.25: Texas Triumphs, new. SI.BO. 50-lb. bag. Sweet Potatoes—Nancy Halls, per bu., 1 *1.9001.65.

recommended that the following clause be inserted in the income tax i law for such sums as a taxpayer in- | vests during a taxable year in build - j ing new small homes for sale or rent ;or in taking second mortgages I thereon, he may deduct 50 per cent of said sum from his surtax payments. 4. Such a tax provision could re- ! suit in the building and furnishing |of 10,000 new homes which, when : the necessary streets, water, light and other extensions are included, should give additional employment I to approximately 1.000.000 more per--1 sons for a normal working year. 5. Furthermore, statistics indicate 1 that such a program would so stimj ulate business in general that the I public treasury would get back in : additional corporation, normal in- | come, real estate and other taxes j far more than would temporal ily be lost through this exemption on surI taxes. The above statements are based upon statistical facts: (1) Money | paid to the federal government for j surtaxes comes wholly out of funds | which the taxpayer would otherI wise be willing to risk on construei tion and new enterprises of various I kinds and not out of what he in- ' vests in high-grade securities. (2) Owing to the fact that for | every dollar paid in surtaxes there ! is involved over SI,OOO to total busii ness. Surtaxes unconsciously bej come a great factor in determining I general business.

Produce Markets

I Delivered in Indianapolis prices—Hens. I 10 %c; Leghorn hens, 7%c; 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; dticks. 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 lie; No. 1 young toms, 12 to 20 lbs., 13c- No. 1 young toms over 20 lbs., 13c; old toms. 10c; No. 2 thin crooked breasted, 6c; young guineas, 1% to 3 lbs., 35c; old guineas, 25c: No. 1 strictly fresh country run eggs loss off, 16c, each lull 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. Birihs Girls I Jeremiah and Lilly Lewis, 1609 Le Grande. Engram and Freda Farley. St. Vincents hospital. Abraham and Ann Einbinder, St. Vincent's hospital. Darrell and Mary TenEych, St. Vincents hospital. John and Edna Elliott, St. Vincent s hospital. ... .. Cnarles and Carrie McCoy. 520 North Miiey. Janies and Margaret Age. 1457 St. Paul. Alexander and Eva Hutchinson, 1822 Northwestern. Elmer and Aline Knight, 1528 Gimber. William and Lilly Sanders. 844 South Ca w'aUer and Maude Trotter. 707 North Elder. Boys John and Georgia Hardrick. 2945 Paris. Joseph and Dana McHugh. St. VinCe Tiiomas P and Maxine Huston. St. VinCP Fred Gisler, St. Vincent's hospital. James and Catherine Maley, St. Vincent’s hospital. Lorenz and Helen Lomboj, 130 West Joseph and Ella Lewis, 1253 Lawton. John and Esther Crenshaw, 2042 Luther William and. Margaret Montgomery, 1428 West Ohio. , Wroe and Marjorie Smith, 332 Douglas. Deaths Grace Hollingsworth. 33, Long hospital, hypostatic pneumonia. Wililam Keaton, 70. St. Vincent’s hospital Dailey C. Fenton. 13, Methodist hospital, F. Lavalle. 35, 1038 Udell, acute dilatation of heart. Barbara Heath. 2, Riley hospital, Charles Calvin Oldham. 60, 1833 Brookside, encephalitis. Merle Ray Short. 8 months, city hospital. broncho pneumonia. Robert L. Scalf, 67, 2415 North Olney, chronic cardiovascular disease. Hattie Immell, 75, 23(0 North Gale, cerebral hemorrhage. Samuel H. Finkoiner. 7 5 * city hospital, intestinal obstruction. James H. Lester, 75, Long hospital, hypostatic pneumonia. Annetta Duvald, 71. 314 Highland, influenzal pneumonia. „ , Laura Osborne, 85, 3127 North New Jersey, cerebral hemorrhage _ Harry Julius Wangelin. 33, 5173 South Drive Pleasant Run, myocarditis. George F. Gibson. 4, Riley hospital, gastro enteritis. Wesley E. Clements, 83, 5132 Ellenberger, hypostatic pneumonia. Hattie Stolz, 70, city hospital, second decree burns. Eva Gardner. 64. 1515 South Richland, chronic myocarditis. Preston C. Trusier, 81. 442 North Randolph, chronic myocarditis. Gustave Mueller, 65. Central Indiana hospital, chronic nephritis. Deborah C. Hall, 75. 323 North Drexel, coronary occlusion. Martha M. Pearcy, 74. 934 South New Jersey, carcinoma. Archie Gurnell. 24, 1119 West Twentyseventh, pulmonary tuberculosis. Addie May Moir, 67. 2066 North New Jersey, carcinoma. Andrew Guyton, 45. Veterans hospital, aortic insufficiency. Sarah Henrietta Dye. 85. 64 North Dearborn, hypostatic pneupionia. Fire Reports (Saturday) 3:39 a. m.. Fletcher and Shelby, false | alarm. | 4:07 a. m., 1145 East Twenty-second j street, false alarm. 1 6:20 a. m.. 124 West Sixteenth street, | residence, chimney fire, no loss. 7:23 a. m.. Kentucky and Georgia, automobile. small loss. 10:21 a. m., 1210 Bates street, residence. defective flue, $25. 11:01 a. m„ 2067 North Meridian, apartment. no fire. 11:29 a. m., 1236 East Ohio street, garage, stove pipe blaze. 6:45 p. m., 1105 North Jefferson, waste paper. 7:36 p. m., 230 East Twelfth, apartment, chimney fire. 8:09 p. m., 1715 Arrow, dwelling, chimney fire. 9:24 p. m„ 2248 East Michigan, oil burner lire. 10:12 p. m., 1814 Orange, residence, defective wiring, small loss. 11:46 p. m., 460 West Washington, grocery, SSOO. (Sunday) 6:41 a. m., Cornell and Massachusetts, automobile. 8:50 a. m., 2029 North Olney, residence, dirty floor register, no loss. 11:47 a. m., 460 West Washington, grocery, sparks in sawdust. 1:40 p. m., 5275 North Meridian street, residence, overheated furnace. $1,500 loss. ] 9:22 p. m.. 1206 West Twenty-fifth, shed. 1 S2O loss. (Monday) 224 a. m . 1433 West Ohio street residence. SSOO loss. NEW YORK RAW SUGAR FUTURES —Jan. 13— . High. Low. Close. January 1.20 *ll9 1.20 March 1.24 1.22 1.24 May 1.31 1.29 1.30 July 1 36 1.34 1.36 I September 1.41 1.39 1.41 December 1.46 1.44 1.46

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 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 ol 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

JAN. 15, 1934

BULLISH NEWS FORCES GRAINS SHARPLY HIGHER May Wheat Soars to Nevl High Mark for Year in Fast Session. BY HARMAN \V. NICHOLS Inited Press Staff Correspondent CHICAGO. Jan. 15.—Interest uj the message President Roosevelt is to make to congress concerning money matters today sent wheat prices as much as 2'.- cents high 1 ? :at the opening of the Board of | Trade. All news was bullish. Stocks wer| up as much as si, Cotton wa| stronger and the dollar was off. Wheat futures were 2% to 2 4 cents higher, corn was up % to i cent, and oats were l *> to cent higher. May wheat, which sold as high as 90 cents at the opening, setting 4 new high mark for 1934. Immediately after the opening May wheat jumped ■% cent higher to 90%, the highest since the middla of November. Profit-taking develo oped on the bulge, however, and £ reaction of around % cent from ths extreme top followed. Corn also re* acted from the best figure. Price changes in all grains weri rapid. Provisions moved up sharply with lard v; cent per pound abov| Saturday's finish. Chicago Primary Receipt^ —Jan. 13— I Bushels i Today. Last weclA Wheat 252,000 205.000 Corn 615.000 385.000 Oats 132.000 162.0Qf Chicago Futures Range | —Jan. 15— WHEAT— Prelf High Low. 10:00 clos* Mav 90% .89 89% 87 cf July 89 .87% .87% 85 7 1 Sept 89% .89 .89 .87 1 CORN— Mav 54 .63 53 .52'| July 55% .54% .54% .54*1 Sept 56% 56 56 55'1 OATS— May 39 .38% .38% .38 * July 37% 37% .37% 36*1 Sept 36% .36% .36'* 35 RYE— May 64 63 .63% 61 T 4 July 65% 64% 64% .63*1 BARLEY— May .. 53'k July .53'J CHICAGO CASH GRAIN 1 By United Press I CHICAGO, Jan. 13.—Wheat—No salrjk Corn (newi—No. 2 mixed. 49®49%c; Nat 4 mixed, 48®48%c; No. 2 yelow. 50 ' t (<a 50’ 2 c; No. 3 yellow. 49®49%c; No 4 yell low. 48®48%c: No. 3 white. 48%®50c{ No 4 white. 48%c; (oldi No. 2 yellow. 41%c; No. 2 white, 51 %c. Oats—No. 2 white, 3?%@38c: N. 3 white, 36%®37%c; No. 4 white. 35%c. Rve—6o%c. Bariev-. 50®76e; quotable, 48'r;80c. Timothy—S6@) 6.25. Cloverseed—slo® 13 25. Cash pro-1* sions—Lard. $5.37; loose $4.67; leaf. $4.,5* S. bellies, $6.37. TOLEDO CASH GRAIN By United Press TOLEDO, Jan. 13.—Grain close: GrniiJ in elevators, transit billing: Wheat—No* 2 red. 90%® 91 %c. Corn No 1 yellow. 55®) 56c, Oats—No. 2 white, 41%®42%c Rye —No. 2. 68® 69c. Track prices, 28%c rate: Wheat—No. 1 red, 87®87%c; No. 2 rrd. 86@87c. Corn—No. 2 yellow. 50%®52%c; No. 3 yellow. 49%®51%c: No 4 yellow, 48® 49c; No. 5 yellow, 47® 48c. Oats —No, 2 white. 38 %® 40c: No. 3 white. 38®39’ c, Seed close: Clover—March, $8.25. Alsi.t* —Cash, $8.50. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 81 cent# for No. 2 soft red wheat. Other grade* on their merits.

Bright Spots

By Abbott, Uoppin & Cos. Aluminum Company of America has declared the regular quarterly dividend of 37 1 2 cents on its pre* ferred stock. Western Union November net loss totals $169,561 after payment of all charges, against a net loss of $550,110 in November, 1932. For the first eleven months in 1933 an earning of $4.02 a share has been reported, against a net loss of $1,398,454 in similar 1932 period. Canadian car loadings in week ended Jan. 6 were 34,362 cars, an increase of 5,002 cars over th® previous week, or a gain of 7,580 cars over the similar 1932 week. Stocks of domestic and foreigrl crude petroleum on Jan. 6 totaled 343,284,000 barrels, an increase of 809,000 barrels over the previous week. Chicago. Milwaukee & St. PauJ and Pacific railroad companies red port a November net loss of $1,4 270,424 after all charges, against af net loss of $1,810,550 in November* 1932. For first eleven months of 1933 net lo's totaled $12.868.433| against net loss of $21,710,686 irj first eleven months of 1932. COMMITTEE IS NAMED I FOR SIGMA NU RALLI} Claude H. Anderson General Chair* man for March 10 Event. Attorney Claude H. Anderson ha| been appointed general chairman for the annual Sigma Nu rally to ba held here March 10. Other members of the committee, as announced by John L. Niblack, Indiana Alumnf Club president, are Robert Hood, Charles Brewer, Robert Finfrock and Charles Edward Thomas. Chapters at Indiana, De Pauw. Purdue, Ros® Polytechnic and Butler will aid m the arrangements.

LOST— Power and Speed if your carburetor needs attention— Service by Experts Costs No More CARBURETOR SALES AND SERVICE 211 E. Ohio St. LI-1950.