Indianapolis Times, Volume 45, Number 219, Indianapolis, Marion County, 22 January 1934 Edition 02 — Page 8

PAGE 8

Wall Street-

Farmers Are All Right—But, in Street’s Opinion; Like Bankhead’s Cotton Bill. 1 I —■ BY RALPH HENDEBSHOI

Tine* Spctlal financial Writer Everybody hu a pretty good Idea of what the farmers of these United States think of Wall Street, but it may be news to learn what Wall Street thinks of the farmers. It seems that the distrust is more or less mutual. The basis for this assumption may not be as clear cut as economists or the Brain Trust would insist upon, but it appears to be the best ore available, in case any one is interested. Early in President Roosevelt's administration the southern farmers were given a large sum of money to plow under or otherwise destroy about 10,000.000 acres of their cotton. It was expected that this would

reduce the size of this year's crop about 25 per cent inasmuch as about 40.000.000 acres had been planted. The expectation failed to materialize, for the crop was even larger than it was a year ago. Some people in the financial district were ready to make deductions from the total crop figures alone, but some of the more conservative folks suggested that they take a look at the producticn figures per acre before jumping to conclusions. The turnout this year was about 209 pounds an acre, and in the best previous year on record—l926—the output was a trifle over 200 pounds. The average for the last ten years was about 155 pounds an acre. Those figures seemed to cinch the argument, such as it was. m m m Market Advances, Then Slumps When Senator Bankhead of Alabama recently introduced in congress a bill to place an iron-bound limit on production by licensing the cotton gins and permitting them to gin only so many bales of cotton

' —

Ralph ■endershot

prices lor the lint staged a smart advance. The bill was referred to the agnate agricultural committee, and for a time it looked as if it was acceptable. Thursday afternoon, however, word was flashed from Washington that a dispute had arisen within the committee, and values tumbled rather sharply. It appears to be an old custom for the 14,000 cotton gins to keep %*ecord every year of the cotton brought in by each farmer. Consequently they would be in a position to spread any reduction in output evenly over the producing belt. And if they were ordered to cut the amount of cotton ginned to any given figure under penalty of losing their license it is fair to assume that the output would be cut to that figure. At least that was the way Wall Street figured. m m m Positions Slightly Different But, at course, no matter what the Street thinks of the farmers, It seldom makes any fuss about it. Instead of making noise traders do their best to make profits. They express their views in buying or selling orders. But. then, again, if the farmers could do the same they might be able to view Wall Street in a more philosophic manner, too.

New York Stocks .By Abbott. Hoppln * C*.) ————— t* n on _ T.nPtK Tnr Vllt. 401/.

-—Jb n. 20— Prer. OH*— High Low. Close, close. Amerada 46% ** *® *] Atl Rfg 31% 31% 31% 31 BernsdaU 9Va 9% 9% 9% Consol Oil 11% 11 }l% }*, 4 Cont of Del 18% 18% 18% 18 2 Houston inew).. . ... % ♦ 2 Houston (01d*... 38 25% 25% 25 2 Indian Rfg ... ■ ,2, Mid Cont Pet... 13% 12% 1* 13 Ohio Oil 14 4 x 14V* 14% 14% Pet Corp . ..... 10% 10% 10% l®lf 4 Phillips Pet ....18% 16% 18% 16% Pure Oil 13% 13% 12% 12 a Royal Dutch ... 37% 37 Sbd Oil 31% 31 31% 30% Shell On 9% 9% 9% 9 Simms Pet 10% 10 10 10% Skelley Oil 9% 8% V. 9 Soc Vac 17 liN * SO Os Cal 41% 40 41% 40 BOof N J 46% 46 46 % 46% Sun Ol 1 W 55*4 56 55 Texas Corp 26% 26% 26% 36^ Tidewater Assn. 10% 10 10 10 a Un Oil of Cal... 19% 19 19% 19% Am* RotTMills... 22% 21% 22% 21% Beth Steel 44% 43% 44 43 a Bvers A M 29% 28% 29% 29 Col Fuel 8c Iron • % * Cruc Steel 26% 26' 26% 26 Inland Steel 47 47 Ludlum Steel .. 17% li% I<% 17% McKeesport Tin. . 88% ... Natl Steel . 57% 57% Rep Iron A- Steel ... 19 2 19 2 Rep Ir A- Stl pfd 50% 50 . 50 % 50% U 3 Smelt ... 100% 99% 99% 100 Vanadium 26% 25% 25 a 25 2 Mid Steel 15% 14 a 14 a 15 a U S Pipe A Fdv 24% 23% 24 24 U S Steel 56% 54% 55 a 54 a U S Steel pfd 9i% 96' 4 96% 96% Youngstn SAT 26’* 26 26 a 26 Atchison . .. <0 5fi 4 ISi 4 Atl Cst Line .. 49% 48’. 48 . 48 . BA 0 28 a 28% 28’a 28-* Can Pac 16% 16 16% 16’. Ch A Ohio .. 44% 44 44% 44 C M A St P 6% 6% * % CMA St P pfd 10% 10 10 10% SSi zz-v: : 1 1. ” 4 I j' P * d 70Ja 6B 70’. Erie 20% 20'. 20% 20% Grt Nor pfd 26 25% 26 25 . 11l Central -. 36% 35% 35% 36 K C Sou 18% 18 18 18 . Lou A Nash 58% 57 58 58 MK A T 13% 12% 12% 13% Mo Pac 5% 5% 5% 4a Mo Pac pfd.... 7% 7 7 6 . N Y Cent 39% 36’. 38% 38% N Y Cht ASt L 20. 19% 19% 20 N Y Chi AS L p 35% 25% 25% 26 N Y New Hatan 21 20% 20% 19% N Y Ont A West 10% 10% 10% 10 2 Norfolk A West . 174% 174 Nor Pac 28% 2% 28 .8 a Penn R R 36% 36 36 36 Reading - , • , -i., 2:^ Sou Pac . 2**a 26S 26 % 2< ISS RR ....... 30% 30% 30% 30% Sou R R pfd .. 38 31 3< % UmonPac ...123% 122% 122% 124 Wabash 3% 3% 3% 3% West Maryl.... ll 1 * 11% 11% H% Motor*— Auburn 54 52 4 52 n Chrysler 55% 54% 54% 55 a Gen Motors .. . 37% 3* 37% 3i * Graham Mot ... 3% 3% 3% 3. Hudson 18 17 17 1‘ Bunn .......... 6% 6 6’a 6% Mack Truck ... 38 37 37 36% Nash 29% 29% 29% 29% Packard 4% 4% 4% 4% Reo 4% 4% St tide baker 6*g 6% 6% 6 Yellow Truck .. sla5 l a 5H 5*2 5S Motor Awew— Bendix 20 19 19% 19% Bohn Alum 67% 65% 66% 64% Borg Warner 24% 24% 24% 24% Briggs 14% 14% 14% 14% Budi Wheel ... 4% 4% 4% 4% Eaton Mfg . 16% 16% 16% 16 Elec Auto Lite . 23% 22% 23 23% Houd A 34% 4% 5 Mullins Mfg 7% 7% 7% 7% Murrav 80dy... 9 8% 8% 8% Stew Earner ... 8% 8% 8% 8% Timken Rol .... 33% 33% 33% 34 Mining— Alaska un ..... .. ... 22% 22% Am Smelt 45% 44*4 44% 44% Anaconda 16% 16% 16% 16% Cal A Heel a 5% 5% 5% s*. Cerro de Pasco. 35% 35% 35% 35*2 Oranbv 10% 10% 10% 10% Ot Nor Ore ... 12% 12% 12% 12% Homestake Mtn. .. .. 325 Howe Sound .... 38 37% 37% ... Ins Copper 5% 5% 5% 5% Int Nickel 32% 22% 22% 22% I1 Creek Coal . .. 25*2 . Kennecott Cop.. 22% 22 22% 21% Noranda Cop... 34% 34% 34% 34% Phelps Dodge .. 17% 17% 17% 17% Pitts COal 13% 13 Tebafta*— Am Snuff 80% Am Sum Tob... 19 18*4 18*2 19 Am Tob .At 71% 71’* Am Tob .B' 74% 731% 73*2 73% Gen Cigar 29% 29% Lig A Myers <B> 84% 83% 84% 84 fjorrillara . 17% 17% 17% 17% Reynolds T Bt 41% 41% 41 % 41% Equipments— Allis Chalmers . 20% 20% 20% 20% Am Car A Fdv . 29 26 % 28% 29 Amer toco . 33 32*, 32% 32% Am Mach A Pdv 16% 16% 16% 16% Am Steel Fdv . 24% 24 24% 23% Bald Loco 13% 13% 13% 13% Burroughs .. .. 17% 17% 17% 17% Case J I 77% 76% 76% 77% Cater Traci . 28% 27% 28% 27% Coigat Palm Pt 13% 13 13 13% Congo’.eum 27% 26% 27 26% Elec Stor Bat 51% 51 51% 50% Poster Wheeler 17 16% 16', 16% On Am Tk Car 39% 39 39% 39% Gen Elec 22% 22% 22*2 22% Gen R R Sag ... 41% 40% 40% 41 % Ir.gscl Rand . 68% 68*, 6% 67% Int Bus Mach . . .. .. 146 Int Harvester . 43% 42% 42% 43% Kelvinator . 13% 13% 13% 12% Natl Cash Reg. 20% 20% 20*2 20*, Proc A Gamble 40*, 40% 40*, 40*, Pullman Inc ... 57% 57 57% 58 Simmons Bed... 21% 21 21*2 21% Und Elliot .. 51% 51 West Air B ... 33% 32*, 32 % 33% Westmgh Elec 43% 42% 42', 43% Worthington Pm 27% 27 27% 27 UUUtice— Am A For Pwr 10% 10 10% 9*. Am Power A Lit 9 8% 8% 8% A T A T 119*4 118*, 118% 117% Am Wat Wks... 23% 22% 22% 22*. Brook Un Gas .72 72% 72% 71', Col Oat A Elec. 15 14% 14*, 14% Col GA E pfd 70% 67% Com A Sou 2% 2% 2*. 2% Consol Oas 44% 43 % 44 43% Elec Pwr A Lit. 6% 6% 6% 6*, E P A L pfd... 13% 12% 12% 12*, Int T A T . ... 16% 16 16 16*, Leu O A E A .. 17% 17% 17*, 17% Nat Pwr A North Amer ... 19 18% 18*, 18*, Pac O A E .. .. 19% 19% 19% 19 Pub Serr N J... 40*, 4040% 40 Bo Cal Edison . 20% 20 20 20 ttd Gas 9% 9% 9% 9*, Sid Oas pfd ll 10% 10% 10*4 United Corp ... 6% 6% 6% 6*, Un Oas Imp 17% 17% 17% 47% Cn Pwr A Lit A 4 3*, 4 3', Western Union 82% 61*, 62 61% Robber*— Firestone 22% 22% 22% 22% Goodrich ... . 15% 15% IS*, 15*, Goodyear 39 39 % 38', 38 s , C S Rubber .... 19% 18*. 19 19% U S Rubber pfd 31% 31 31% 31% KM Spring _... 3% 3% Crosiey Radio.. 10% 19% 19% ... Pox Tfcta ..... 19% 19 a 11%

Loews Inc 30% 29 % 29V, 29*4 Radio Corp ..... 8% 8 8% 8% RKO 3 V, 2% 33 Warner Bros ... 7% 6% 7 6% Foods— Am Sugar 54 V, 54% Armour A 6*4 5% 5*4 6% Borden Prod ... 25 24% 24% 3414 Beatrice Cream 14 14 Cal Packing 24% 24% Canada Dry G A 27% 26% Coca Cola 98 98% Cont Bak A 16% Corn Prod 80% 78% 78*4 79 s , Crm of Wheat... 30% 30% 30*4 30 Gen Foods 36% 35% 35% 35% Gold Dust 19V, 18% 18% 19% GW* Sugar 34% 34 34 34 Hershey 5211 Ink Sait ... 25*4 25V, Loose Wiles ... 44*4 44 44 44 Natl Biscuit 47% 47% 47% 47% Natl D Prod .. . 15% 15% 15% 15% Purity Bak . 16% 16% 16% 16% S Porto Rico S . 371/Std Brands 23% 22% 23% 23 United Fruit ... 63*4 62% 63*4 62% Ward Bak A ... . .. 3 *7 55% 55% 56% Retail More* Ass Drv Goods . .. ... 141% 1414 Best ACo 30% 29% 29% 30 Gimbel Bros 5% 5% 5% 5% Gimbe! pfd ... 20% 21 Or Un ft, . 6% Hahn Dept Sts.. 6% 6*4 6% 6*, Jewel Tea 34% 34*4 34% ... Kresge S 6 15% 15*4 15*4 15% Kroger Groc 28% 27*4 28 28% M aCy 1* H 565, 56 56 s , 55’, Dppl 5t.... 35% 35 35% 34% Mont Ward 26% 26% 26% 26% Penny J C 59% 58% 58% 59% Safewav St 51% 50% 50% 51% Sears Roebuck . 47 46*4 46% 46% Wooiworth 48*4 48 48% 48 Aviation— Aviation Corp.. 9% 8% 9% 8% Douglass Air. .... 19% 18% 18% 18% Curtiss Wright.. 3*4 33% 3 Curtiss Wri <AI 7% 7% 7% 71/, Nor Am Av 6 5% 6 5% United Aircraft 34*4 33% 34 33% Chemicals— Air Reduction . 105 103 105 102% Allied Chem 153% 153 153% 153 Am Com Alcohol 60% 58% 60 5 „ 58% Col Carbon .. 66 65 65% 65% Com Solvents.. 35*, 34% 35 33% Dupont 100% 98% 98% 99V, Freeport Tex. 46% 45*4 45% 46 Liquid Carb 30% 29 30% 29% Math Alkali 38% 37% 37% 38% Tex Gulf Sulph 41% 40% 40% 40% Union Carbide 50% 50 50% 50% ÜB, Indu Alcohol 59% 58% 59 58% Natl Dtst (new 1 26% 25% 26% 25% Drug,— Cotv Inc 5% 5% 5% 4% Lambert ... 26% 25 s , 26 26% Uehn A Fink .. 17% 17% 17*4 17% z °nite Prod .... 6% 6% 6% 6% Financial— Adams Exp .... 10 V, 9% 10% 10% Alleghany Corp. 4% 4% 4% 4% Chesa Corp 41% 40% 40% 41 Transamerica .. 7% 7V. 7% 7% Tr c pnU Corp... 6 5*4 6 5% Building— Am Radiator ... 16% 15% 16 16*. Gen Asphalt ... 18% 18% 18% 18% Int Cement ... 341, 34a_ Johns Manville 64% 63% 63% 63*2 Libby Owens Gls 43% 42% 43 43 Otis Kiev 17% 17V, 17% 16% Uien Const 3% 3*4 3% 3% Miscellaneous— Am Bank Note.. 18 17% 17% 18*, Am Can 101100 100 100% Anchor Cap 32% 22*4 22% 22% Brklyn Man Tr 33% 33 33 33 Conti Can 80 79 % 79*, 80% Eastman Kodak 86% 86*4 86% 86% Owens Bottle ..85 84 84 84% Gillette 10*4 10% 10% 10% Olidden 16% 16% 16% 17% Gotham Silk ... 9% 9 9 8% Indus Rayon ... 86% 86 86 86*2 Inter Rapid Tr.. 11% 11% 11% 12 Real Silk Hose.. 11 9% 10% 9% New York Curb (Bv Abbott. Hoppin A Cos. 1 —Jan. 20— Close Close Allied Mills 8% Glen Alden Coal 13% Alum Cos of Am 87 s . Gulf Oil of Pa . 71% Am Cyanide B 17% Hiram Walker.. 54% Am A For P W 6 s , Hud Bav Min... 9% Am Gas A El. 27 s , Humble Oil ... 38*, Am Superpower 3 Imperial Oil Ltd 13% Asso Gas A El.. *, Int Petrol 21% Atlas Corp 13 Lake Sh Min... 44% Brazil Tr ALt 13 Lone Star Gas . 6’, Can Indu Ale A 19 s , Natl Bellas Hess 2% Can Marc 2*, Newmont Min .. 53% Carrier Corp ..7 Nla Hud Pwr... 6% Cities Serv . 3 Novadel Agene . 62% Commonwlth Ed 51* 2 Pan-Am Airways 46 Cord Corp 7 s , Park Davis 24% Creole Petrol . 11’, Penn Road 3*2 Crown Crk Int 7 St Regis Paper.. 3% Deere A Cos 31*4 Sherwin Wms... 56% Distillers Lim . 20 Std of Ind 32% Distillers Corp 23 s , Std of Kv 16 s , Dow Chem 75% Stutz Mts 7% El Bd A Share 17% Teck Hughes Gd 6 Fisk Rubber ... 12 s , Un Gas 3% Ford of Can A.. 19% Un Pwr A L <AI 4% Den Aviation 6*, Wr Hargraves M 7 Great Atl A P 134 |

Federal Farm Loan Bonds

(By Blyth * Cos.. Inc.) —Jan. ac—- „ Bid. Ask. 4s Nov. 1. 1957-37. 90 91% 4s Mav 1. 1958-38 90 91*2 4%s Julv 1. 1956-36 90 % 91*4 4%s Jan. 1. 1957-37 90% 91% 4%s Mav 1. 1957-37 90% 91% 4%s Nov. 1. 1958-38 90 % 91 % 4%s Mav 1. 1942-32 94% 95% 4%s Jan. 1. 1943-33 92% 93% 4%s Jan 1. 1953-33 92% 93% 4%s July 1. 1953-33 92% 93% 4%s Jan 1. 1955-35 92% 93% 4*2* July 1. 1955-35 92% 93% 4%s Jan 1. 1956-36 92% 93% 4%s Julv 1. 1953-33 94% 95% 4% Jan 1. 1954-34 94% 95% 4 s ,S Julv 1. 1954-34 94% 95% 5s Mav 1, 1941-31 98% 99% 5s Nov. 1. 1941-31 98% 99 % Home Loan 4s. July 1. 1951.. 92% 93

U. S. Government Bonds

fiy r nitfd Pres NEW YORK. Jar JO,—Closing Liberties: 'Decimals represent thirty-seconds' LIBERTY 3>,s '33-471 101 First 4>s '32-471 101 30 Fourth *',s 133-38' 102.11 TREASVRY 4'* 3's (451 99 4>4S '47-53' 10 3Hs 43-47' 99 25 3Hs '4l-43' March 99 27 3Hs '4O-43' June 99 29 J'S '4l' 99 1 3'aS ' 48-49 1 *7.14 3s (51-55' 95 29 Saw Hole In Grocery Wall Thieves sawed a hole in the wall of the Standard grocery at 647 Virginia avenue, last night and stole S2O and an undertermined quantity of c|ned goods, police were notifiedXday. . .

STOCKS RESIST PROFIT-TAKING, CLOSEJEVEN Tickers Run Behind Tape in Largest Short Session Since Summer.

Average Stock Prices

Average of thirty Industrials for Thursday: High 104 48, low 102 50 close. 103 30, oft 20. Average of twenty rail*: 47 01. 46 94. 46 34. up 05. Average of twenty utilities 26.41, 25 70, 25.88, off .25. Average of forty bonds 88 14, up 26 Average of ten first rails: 94 16, up 37. Average of ten second rails: 75 81, up .76. Average of ten utilities: 93 26. off 41. Average of ten industrials. 89.32. up .30. BY ELMER C. WALZER Cnited Press Financial Editor NEW YORK, Jan. 20.—Under impetus of the greatest Saturday trading pace since summer, the stock market today resisted heavy weekend profit taking to show an irregularly higher appearance. Tickers were jammed by the business that came into the market. Quotations were abbreviated for a majority of the two-hour session and in the last hour quotations were running behind the actual market about three minutes. After opening stronger, the market underwent a little profit-taking and then shot forward with gains of more than 2 pomts over yesterday’s closing. Activity increased. Heavy profit-taking came in, but was offset by orders developing from every section of the country. The market resisted excellently and only here and there were there easy spots, one of the chief ones coming in the motors division. Market News Bullish A number of favorable factors came to the aid of the street. Signing of the oil marketing agreement, excellent steel production in the Youngstown district, continued reports of improvement in the copper industry and an increase in the price of steel scrap at Pittsburgh all were favorable items. Also was the fact that public buying in the market showed no inclination to drop off. Amusement stocks were leaders in activity with Loew’s the favorite. Even after considerable profit-tak-ing managed to show a fractional gain at around 29%. Warner Brothers firmed up fractionally. Distillery stocks were whirled up. American Commercial Alcohol jumped almost 3 points before it dropped to around 60% for about 2 points gain. National Distillers was fractionallj higher around 26. United States Industrial Alcohol gained more than a point at 55%. In the industrials. United States Steel was outstanding, jumping above 56. It was pounded below that figure, but still showed more than a point gain at around 55 %. American Telephone held just under 119 for a fractional advance. Du Pont was off almost a point at 99. Rail List Strengthens Air Reduction jumped more than 2 points to around 105. Rails showed fractional advances with New York Central around 38% and Pennsylvania around 36. Farm equipment shares eased off with J. I. Case showing more than a point decline at 76%. Chrysler was the more depressed of the motor stocks, losing about a point at around 55. The company today announced a reduction on factory prices for its six-cylinder line. General Motors was fractionally lower at 37%. Copper shares were higher on increased copper buying from both foreign and domestic accounts and on the firm price for copper metal. Stock sales today were the greatest for any Saturday since July 22, totaling 1,950,000 shares. Last Saturday 749,000 shares were exchanged. Curb sales today were 296,000 shares, as against 131,000 shares last Saturday. Dow - Jones closing averages showed industrial 105.52, off .08 point; railroad 48.02, off .20 point, and utility 26.95, up .17 pbint.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 20— Clearings *1.544.000,00 Debits 4.571,00000 Clearings for the week 10,965.000.00 Debits for the week 30.787,000.00 TREASURY STATEMENT By United Prrs* WASHINGTON. Jan. 20 —Government expenses and receipts for the current fiscal year to Jan. 18, compared with the corresponding period of the previous fiscal year: This Year Last Year Expenses .*3.283.196 273.66 *2.906.373.542.54 Receipts .. 1.619.131.293 09 1.102.571,758.49 Deficit .... 1,664 064.980 57 1.803.801,784.05 Cash bal... 600,792,997.00 New York Bank Stocks (By Abbott. Hoppin A Cos.) —Jan. 20— Bankers 63 63% Brooklyn Trust 91 94 Central Hanover 125 127 Chase National 27% 28% Chemical 38 % 39 National City 27% 27% Corn Exchange 51% 52% Continental 14% 15 First National 1.440 1,455 Guarantv 316 319 Irving 17% 18 Manhatten A Cos 28% 29% ! Manufacturers 19 19% New York Trust 89 90 I Public 27% 28% ; Empire 14V, 19%

Foreign Exchange

(By Abbott. Hoppin & Cos.) —Jan. 20— Close. Sterling. England $4 99 i Franc. France 0622 Lira. Italy .0835 Gelgias. Belgium .2220 Mark. Germany 3780 Guilder. Holland 6415 Krone, Norway 2510 Krone. Denmark 2240

Investment Trust Shares

(By Abbott. Hoppln & Cos.) —Jan. 20— Bid. Ask. ! American Bank Stocks Corp. 105 1.10 American A General Sec A . 500 600 American A Inv Tr Sh 1 50 2.50 Basic Industry Shares 352 3.62 British Type Inv Tr Sh 62 .70 Collateral Trustee Shares A . 5.00 525 Corporate Trust Shares iold'. 217 2.21 Corporate Trust Shares (new 245 2.48 Cumulative Trust Shares .... 4.25 .... Diversified Trust Shares A.. 6.25 .... Diversified Ttust Shares 8.... 8.25 850 Diversified Trust Shares C ... 3 32 3 38 Diversified Trust Shares D ... 5.10 5.20 First Insurance Stock Corp.. 1.37 1.42 First Common Stock Corp 83 .98 Fixed Trust Oil Shares A 9 00 9.25 i Fixed Trust Oil Shares B 7.67 8 12 Incorporators Investment ... 18.36 19.94 i Land Bank Bond Shares 93 1 03 Low Priced Shares 6 25 Mass Inv Trust Shares 18 59 20.20 Nation Wide Securities 340 3.50 North American Trust Sh (53' 1.90 North American Trust Sh <ssi 245 246 North American Trust Sh (58 • 2.75 300 Selected American Shares ... 300 Selected Cumulative Shares.. 7.50 Selected Income Shares 3 75 4 12 Std American Trust Shares A 3.10 3.20 Trust Shares of America .... 3.98 3.02 Trustee Btd Oil A 5 30 5.50 Trustee S'd OiL* 515 530 U S Electric Lt % Par A. 11.87 12.12 VBUwrstl Trust £fa*r9a JO, 1.12 .u

THE INDIANAPOLIS TIMES

On Commission Row

—-J*n. 20—• FrwlU Cranberries—Cape Cod early black*. 25 lb box. *2 40 Grapes—Bemi-sawdu*t. 28-lb lug. 83 3S Pears Washington A'AJou. 90-I*s* *2 50. Anacando*. Fla... 18-18a. crate. *l5O. Strawberries— Florida. 18c per pint. Bananas —Per pound. sc. Apples—Wealthy, Wolf River. Grimes Golden. oJnathan, Florida. 81.3532 a bu.. fancv Stavmans. (2 25 a box. Grapefruit—B2 50® 3 75. Oranges—California Navels, *43 450 a box. . , A egeiable* Cabbage—Eastern Danish. 50-lb. bag. *180; new Texas. 50-lb. crate *3 26 Onions —Indiana white, 50-lb. bag,, *l4O. Indiana yellow, 50-lb bag. *1 50 Beans—Round stringless, hamper. *2 25; best. *2.75. Beets —Bulk per bu.. *1 38: Texas, new. *1.85 a crate. Peas—2 B-lb hampers. (3 503 4. Carrots—California, *3 a crate: per do*.. 60c: Michigan, do*.. 60c; bulk per bushel, (1.15. Cauliflower—California <ll-12e), crate, *1 60 Celery Michigan Mammonth, dozen. 75c; medium bunch. 45c; hearts. *1 25. 18bunch per crate. $1.25; California. *2.75 crate. Cucumbers —-Florida, *5 bushel: hothouse. *1 per dozen. Lettuce—lceberg best (4-ss) crate. (3 25 3 3.75; hothouse. 15-lb basket. *1.66 Radishes —Hotoous* button. 75c down. Spinach—New Texas. *1 per bu. Turnips—Per bu.. 85c. Tomatoes —Florida. 30-lb. bag, 83. Potatoes—Northern round whites, 100-lb. bag. *2.35; R R Ohios. 100-lb. bag. *2 35; 15-lb. bag. 38c: Idaho Russets. 100-lb. bag. *2 25; Texas Triumphs, new *2. 50-lb. bag. Sweet Potatoes—Nancy Halls, per bu., *1603165.

•U. S. DOLLAR REMAINS UNCHANGED IN LONDON Premium Indicates America Again Is Heavily In Gold Market. By United Press LONDON, Jan. 20 —The dollar remained practically unchanged in foreign exchange trading today. The pound closed at $5.0150 after opening at $5.0250. The French franc closed at 79 2732. When the pound was quoted at $5.0150 the gold price was set at 132 shillings nine pence, ($33.28 at $5.0150 to the pound sterling), down one pence from yesterday’s rate. A premium of 11% pence was set on French francs, then selling at 79.75. The premium was one pence fifty over yesterday’s and it indicated the United States was again heavily in the gold market. Purchases of 350 gold bars worth 925,000 pounds sterling i54,638,875) were announced. Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111., Jan. 20— Hogs— Receipts, 6,500; market, lighter weights steady with best time yesterday; weighty butchers steady with average; pigs nominal; bulk 150 to 230 lbs., $3.4563.55; 240 to 300 lbs., $3.2563.40; 130 to 140 lbs., saleable at *2.7533.10; 90 to 120 lbs.. (23 2.50; sows. *2.40 3 2 65; market with week ago: mostly 10 cents lower; pigs and sows steady. Cattle—Receipts, 200; calves. 150; market compared with close last week: yearlings and medium weight steers step-dy; others 25c lower: mixed yearlings and heifers barely steady; beef cows 25 to 50 cents lower; cutters and low cutters 15c to 25c lower; bulls 25c lower; vealers 25 cents higher; stock steers weak and stock calves, 25 cents higher: top for week 86 lb. yearling steers and 1,224 lbs., steers. $6; 1,426 lbs., heavy steers, $4.60; 705-lb. mixed yearlings and 735 lbs., heifers, *6; cows. $3.60: sausage bulls. $3.15; vealers. $6.50; stock steers, $3.90; bulk for week; steers, $4 3 5.25; mixed yearlings and heifers. $435.50; cows. $2 3563; low cutters, $1.5031.75; Stocker and feeder steers. $363.50; closing top on sausage bulls, $3 and on vealers. $6 50. Sheep—Receipts. 50; market compared with week ago; fat lambs 50c higher; other classes strong to 25c higher; week's prices on top wooled lambs were $8.65: bulk $868.50: throwouts. $4.5035.50; top clipped lambs. $7.25; bulk. $6.50 3 7.25; yearlings, [email protected]; slaughter ewes. $3 33.75. By Times Special LOUISVILLE. Jan. 20.—Cattle—Receipts. 100: market nominal compared with a week ago: Steers and heifers mostly steady; beef cows and bulls strong to 25c higher; Stockers and feeders unchanged; week's bulk, common to medium steers and heifers. $3.75 3 4 50; cutter to common offerings on government account mostly $2 503 3.50; well finished fed steers and heifers, $4.7535.75; scattered held to $6; bulk beef cows. $2.50 63; top, $3.50; low cutters and cutter cows mostly $1.25 3 2 25; bulk sausage bulls, $2.5033.25; common to medium native Stockers and feeders, $2.50 33.50; few well bred beef types to $4.50. Calves—Receipts, 175; market steady; bulk better vealers. $565.50; strictly choice eligible, $6; medium and lower' grades mostly $4.50 down: market fully steady as compared with last week. Hogs—Receipts, 850; market steady; bulk 160-210 lbs. $3.75; 215-250 lbs.. $3.65: 255 libs. up. $3.50: 130-155 lbs.. $3.40: 110-125 lbs., $3.15; 105 lbs. down. $1 60: sows, $2.40: stags. $1.10; market compared with last Saturday uneven to mostly 5610 c lower; some off more; 10-125-lb. weights generally higher. Sheep—Receipts. 25; market nominal; compared with a week ago: Lambs unevenly 50c® *1 higher; fat sheep strong; closing bulk medium to good lambs, $6.5037 50: choice kinds eligible, $8: bucks, $1 less; most throwouts, $4.50; bulk fat ewes. $2; desirable lightweights higher.

In the Cotton Markets

—Jan. 20— CHICAGO High. Low. Close. January 11.21 March 11.42 11.28 11.28 May 11.58 11.44 11.45 July 11.74 11.61 11.61 October 11.92 11.77 11.77 December 12.05 11.90 11.90 NEW YORK January 11.31 11.17 11.17 March 11.38 11 22 11.23 May 11.51 11.34 11.35 July 11.67 11.51 11.52 October 11.85 11.66 11.66 December 11.98 11.83 11.83 NEW ORLEANS January 11.13 March 11.33 11.17 11.18 May 11.47 11.30 11.31 July 11.62 11.48 11.49 October 11.81 11.64 11.65 December 11.93 11.84 11.79

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 PRICKS Anthracite *14.2* Coke, nut size g. 75 Coke, egg size .75 Indiana, forked lump 5 50 Indiana, egg 1.04 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg *25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 650 Island Creek 7.00 Extra charge of 0c a ton for wheeling coal, and *1 a ton for coal carried to btu. Fire Reports (Friday) 7:50 a. m„ 1523 Broadway, residence, *I.BOO. 10:43 a. m., 3768 Central, residence, no loss. 7:38 p m.. Twenty-seventh and Franklin place, false alarm. (Today) 4 a m , 2142 Eastern, garage and residence, *2OO. 5:24 a m.. 1911 Brighton boulevard, residence, *25.

Abbott, Hoppin & Company 203 Continental Bank Building Riley 5491 New York Chicago Montreal Indianapolis Pittsburgh MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange, Inc. New York Coffee and Sugar Exchange, Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. Woolling

PORK MARKET ENDS WEEK 10 CENTSLOWER Cattle Scarce and Steady; Vealers Strong at $7.50 Down. Pork market at the Union Stockyards this morning ended the week’s trading around 10 cents lower than yesterday average. Trading remained inactive on light slaughter pigs weighing under 120 pounds. Receipts continued above normal considering the usual week-end trade. The bulk, 160 to 250 pounds, sold for $3.40 to $3.55, while few small lots were reported selling at $3.60. Weights scaling 250 pounds and upward were available at $3.15 to $3.35, with choice kinds weighing 120 to 160 pounds selling at $2.65 to $3.25. Receipts were estimated at 5,000. Holdovers, 231. With practically no action evident in the cattle market, prices held around the previous session. Vealers showed little change, salable at $7 down. Few odd heads brought $7.50. Cattle receipts numbered 100; calves, 200. Lambs trading followed similar action of yesterday’s session, moving stronger after the opening. Good western lambs were salable at $8.75 or better. Receipts were 1,700. Swine prices at Chicago held steady to around 10 cents lower than Friday’s average. The bulk, 160 to 300 pounds, sold for $3.25 to $3.45. Initial top held at $3.50. Packing sows brought $2.60 to $2.80. Receipts were estimated at 19,000, including 17,000 directs. Holdovers, 1.000. Cattle receipts numbered 400; calves, 200; market, around 25 to 40 cents for the week. Sheep receipts were 3,000; market 60 to 75 cents higher than last week.

HOGS Jan. Bulk Top Receipts 15. *3.40® 3.50 *3.50 11.000 16. 3.50® 3 60 3.65 8.000 17. 3.50® 3.60 3.65 9,000 18. 3.50® 3.60 3.65 8.000 19. 3.50® 3.60 3.65 11,000 20. 8 40® 3.55 3.60 5,000 Market Lower (140-160) Good and choice..* 3.00® 3.25 —Light Weights—-(l6o-180) Good and choice... 3.55 (180-2001 Good and choice.... 3.55 —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 2.60® 2.85 (350 up) Good 3 50® 2.75 (All weights) medium 2.15® 2.50 —Slaughter Pigs—-(loo-130) Good and choice.... 2.00® 2.65 CATTLE Receipts, 100; market, steady. (1.050-1,100) , _„ „„ Good and choice t 5.75® 7.00 Common and medium .... 4.00® 5.75 (1.100-1,500) Good and choice 5.00® 6.75 Common and medium 4.00® 5.00 (675-750) Good and choice ...| 5.00® 6.25 Common and medium 3.00® 5.00 (750-900) Good and choice 4.50® 6.00 Common and medium 2.75 4.50 —Cows— Good * 2.76® 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® 8.25 Cutter, common and medium. 1.50® 2.50 VEALERS Receipts. 300; market, steady. Good and choice ( 7.00® 7.50 Medium 4.50® 7.00 Cull and common 2.50® 4.50 —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 LAMBS Receipts, Market, steady. (90 lbs. down 1 Good A Choice * 8.25® 8.75 (90-110 lbs.) Good and choice. B.oo® 8.65 (90 lbs. down) Com. and med. 5.50® 8.00 —Ewes— Good and choice 2.50® 3.50 Common and medium 1.25® 2.50 Other Livestock BY UNITED PRESS CHICAGO. Jan. 20—Hogs Receipts—l9,000, including 17,000 directs; steady to 10 cents lower tnan yesterday's average: 160300 lbs.. $3.25®3.45: top, *3.50: most packing sows. $2.60®2.80; shippers took 1.500; estimated holdover 1.000; compared week ago. practically steady. Cattle Receipts—4oo; calves, 200; eomfiared Friday last week better grade yearings and light steers, 25 to 40 cents higher; lower grades, all heavy bullocks, 25 cents higher; closing active at advance; top yearlings $6.25, highest since August, numerous loads $6.50® 7.15; best medium grade steers $6.50; weighty steers $6.15 but bulk big weights sold early in the week at [email protected], several loads selling at $3.65©4; cows 50 to 75 cents lover; bulls 25 cents off; vealers mostly $1 higher: stockers and feeders scarce but slow. 15 to 25 cents lower; prime weight heifers up to $6.50; better grade light heifers $6; better grade steers and heifers and light yearlings advanced with steers but common kinds sold off 25 cents. Sheep Receipts—3,ooo; for week ended Friday 35 doubles from feeding stations, 3,600 directs; compared Friday week ago fat lambs 60 to 75 cents higher; sheep firm; week’s practical top $8.90, paid by all interests; closing late bulk fed westerns, [email protected] for kinds scaling 84 to 90 lbs.; full shorn lambs $7.25®7.65; bulk range ewes. $4®4.10: natives '52.35®4; scattered yearlings $6.25© 7.10; 81 lb. shearing lambs. $7.75. FT. WAYNE. Jan. 20.—Hogs—Steady to 10 cents higher; 160 to 200 lbs.. $3.45; 200250 lbs., $3.35; 250 to 300 lbs., $3.25; 300350 lbs.. $3.10; 150 to 160 lbs.. $3; 140150 lbs., $2.75; 130-140 lbs., *2.50; 100130 lbs., $2.15; roughs, $2.50; stags, $1.75. calves. $7.50; western lambs, $8.25; native lambs, SB. LAFAYETTE, Jan. 20.—Hogs—Market steady to 20c lower; 170-225 lbs.. $3.30® 3.45; 225-275 lbs.. $3.20©3 25: 275-325 lbs.. $3.10 0 3.15: 140-170 lbs.. [email protected]: 120-140 lbs., [email protected]; 110-120 lbs., $2®2.25; 100 lbs. down. $1.75; roughs, $2.75 down; top calves. $6: top lambs, $7.50. PITTSBURGH. Jan 20.—Hogs Receipts—--800, steady to 5 cents lower on 170-210 lbs, top $4.10: bulk. [email protected]; packing sow's. 10 cents higher; pigs 25 cents lower, heavy butchers absent, quotable around $3 85 lor 240 lbs., up; 130 lbs., down. $2.50 ©3; sows. $2.85 down. Cattle Receipts—so; nominal. Calves Receipts—None; nominal, quotable. $7 down. Sh'-en Receipts—None; lambs quotable, $8.75 down.

LOST— Power and Speed if your carburetor needs attention— Service by Experts Casts No More CARBURETOR SALES AND SERVICE 214 E. Ohio St. LI-4956. ———-

Chicago Stocks 1 By Abbott. Hoppln A Cos. ———————

TOTAL SALES 52.8 M SHARES —Jan. 20— High Low. Clow. Acme Steel Cos 37% 37 *7% Advance Aluminum ... 3% Allied Products 11% 12 12 Am Pub Berv pfd * Asbestos Mtg 3 Associated Tel & T A 3 Assoc Telephone Util.. % % % B&stian-Blessing 8 Bendix Aviation 30 19% 19% Borg-Warner 34% 24% 24% Brach * Sons 8% Brown Pence A Wire A . ... 6% E L Bruce Cos 12% 11% 12% Butler Bros 5% 5% 5% Cent 111 Pub Serv pfd 15% 15 15% Cent A So West 1% Cent A So West pfd 8% Cent ASo West P L pfd 11% 11 11% Chi A North Western.. 11 10% 10% Chicago Corp com 2% 2% 2% Chicago Corp pfd 25% 25% 25% Chicago Flexible Shaft ... 9 Chicago Yellow Cab.... 12% 12 12 Cities Service 32% 2% Commonwealth Edison. 51% 51% 51% Consumers % Consumers 1% pfd Cord Corp 8 7% 7% Crane Cos 9% 8% 8% Crane Go pfd 60% 80 60 Electric Houscehold .... 10% 10% 10% Fitzsimmon* A Connell 14 Godchaux a 8% Goldblatt Bros 29% 39 29% Great Lakes Aircraft ..1 % 1 Great Lakes Dredge ... 21% 21% 21% Grigsby-Grunow \ % % Houdaille-Hershev A.... 14% 14% 14% Houdallle-Hershey B 4% Ind Pneu Tool 19% Kalamazoo Stove 21 Katz Drug 22 Ken-Rad Tube A Lamp 3% 3% 3% Kentucky Ut Jr C pfd 18% Libby McNeil 4 Lynch Corp 34% 34 34 Manhattan-Dearbom 1% Marshall Field 18 15% 15% McWilliams Dredgng Cos 19% 19 18% Meadows Mfg Cos, Com. % % % Merchants A Mfg ~A ” % Middle West Utilities % Mid West Util 8% pfd A % Muskegon Motor Bpec A 10 National Leather .. ... 1% Nat Securities Invest 1% National-Standard 22 V* Noblitt-Sparks Intis Inc 13% 12% 13% North Amer Gas A Elec % % % Northwest Bancorpratn 2% 2 2% Perfect Circle 26% 25% 26% Pines Winterfront ... 1% Prima Cos 8 7% 7%

Produce Markets

Delivered In Indianapolis prices—Hens. lO'/ac; 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; 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, lie; No. 1 young toms. 12 to 20 lbs.. 13c; No. 1 youag toms over 20 lbs.. 13c: old toms. 10c; No. 2 thin crooked breasted. 6c: young guineas. 1% to 3 lbs.. 35c; old guineas, 35c; 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. 25626 c; No. 2,22323 c. Butterfat—l6c. Quoted by the Wadley Company. BY UNITED PRES* CHICAGO. Jan. 20.—Eggs—Market, easy: receipts, 6.470 cases; extra firsts 22c; fresh graded firsts 21%c; dirties. 16@18%c; current receipts, 20%c; checks, 15618 c. Butter—Market, easy; receipts, 6,707 tubs; storage extras (92 scorei, 19c; storage standards (90 score), 18%c; extra firsts (90-91% score), 19%619%c; extras (92 score), 20c; firsts (88-89V* score). 18V*6 19c; seconds <B6-87% score). 17%@18c; standards (90 score), 19%c; specials, 20% 621 c. Poultry—Market, steady; receipts 22 trucks, one car due; turkeys. 12614 c; hens. llV*c; Leghorn hens, B%c; Leghorn chicks. B%c; colored springs. 13c: roosters. 8c; chicks. 11c; ducks. 8611 c; geese. 9c; black chicks. 8c; Plymouth Rocks. ll%c; White Rocks, 12c. Cheese—Twins, 116 ll%c; Longhorns, 11%@12c; daisies. 11%@ 12%e. Potatoes—Supply moderate; demand and trading moderate: market steady; Wisconsin Round Whites. $1.75@ 1.80. few sales $1.85: Minnesota and North Dakota Red River Ohios. [email protected]: Idaho Russets, closed mugs $2.10. open mugs, $2.1562.20: Colorado McClures, $2.2062.25: shipments, 837; arrivals. 65: on track 195.

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD, MASS. Organized 1851 COMPARATIVE SUMMARY of ANNUAL STATEMENT FIGURES SWD 'inorirn December 31, December 31, ASSETS 19 32 1933 Investment Assets Interest Due and Accrued 9,209,689 11,062,261 Premiums Due and Accrued 12,483,744 12,274,396 $449,621,074 $469,015,212 LIABILITIES Policy Reserves $350,884,161 $364,287,397 Policyholders’ Funds 68,634,330 74,562,638 Policy Claims in Process of Settlement. 1,450,943 1,617,376 Dividends to Policyholders 6,496,728 6,693,084 Taxes Payable in Following Years ... 1,542,241 1,404,090 Miscellaneous Liabilities 263,120 320,941 / $429,271,523 $448,885,526 Security Reserve 1,250,000 1,500,000 Mortgage Interest Reserve 1,039,259 2,959,678 $431,560,782 $453,345,204 SURPLUS $ 18,060,292 $ 15,670,008 TOTAL CONTINGENCY FUNDS .. .$ 20,349,551 $ 20,129,686 On December 31, 1933. the Company had in its Offices and in Banks, Cash Balances of between Nineteen and Twenty Million Dollars And Held Over Five and One-Half Million Dollars in Government Bonds During' the year 1933 During the year 1933 the Company Paid to the Cash Receipts of the Company Policyholders and Beneficiaries were over the sum of Twenty Million Dollars Sixty Million Dollars in Excess of Disbursements WARD H. HACKLEMAN AND ASSOCIATES Jean Black Thaddeus R. Baker Ralph W. Hackleman Malcomb M. Moore Bingham Booker Fannie C. Graeter Whitney W. Stoddard Frank Z. Sherer M Hostetler Donald R. Mclntosh Frank J. Cleland ~ . , H. Edgar Zimmer Charles L. Nicholson Gene Anerson Richard H. Habbe Perry R. McAnally Bennett \Shitney George C. Schwier Robert V. Gilliland Kenneth Galm Lee B. Smith P. J. Sertell G. Harold Pavey

Public Service N P..„. „ ... 17% fuaker Oats A A, 123 uaker Oats pfd .•*..s .. 71. 11* ath Packing 34% Raytheon V T C .JR... 2S 2% 2% Reliance Mfg Cos 17% 17 17% Ryersor A Son 16% Sears Roebuck 46% So Wst G A Elctnc pfd ... 48 Standard Dredg Cos pfd .. ... 3% Stutz Motor Cos of Am.. 7% 7% 7% Swift ACo 17 16% 16% Swift International .... 27% 27% 27% Thompson JR ... 8 U S Gypsum com 49 Utah Radio 2 Utility V Ind pfd 3 Viking Pump 4 Vortex Cup Cos 9% 9 9% Wahl ... 1% Walgreen Cos Com 30% 30 30% ■Walgreen Stk Pur Warr . ... 2% Ward Montgomery A. iOO 99 99 Wavne Pump Com 1 Wavne Pump pfd 2% Wieboldt Stores ... 10% Wisconsin Bankshares.. 3% 3% 3% Yates Machine ... % Zenith Radio 3% 3% 3% CHICAGO FRUIT MARKET By United Press Chicago. Jan. 20. —Apples Michigan onathans bushel. $1.2561.75; Baldwins bushel, *1 2561.50. Carrots—lllinois. 406 50c bushel. Spinach—Texas. 90c65l bushel. Beans—Southern. $36.2.50; wax, $2.50. Mushrooms —Illinois. 15630 c cartons. Cucumbers Southern. $26 225 bushel; hothouse. $3.2563.75. Tomatoes— Florida, *1.25 6 2.50; hothouse. *1.25 (8poundi. Leaf Lettuce—lllinois hothouse. 17%®30c per box. Celery—Michigan—2sc 6*l square crate. Cabbage—Wisconsin. *1.756 2 (100-lb. sacks'. Parsnips—lllinois. 75c6il bushel. Sweet Potatoes—lllinois. *161.25: Indiana. *1.5061 75. Rhubarb— Michigan hothouse. 306 60c (5 pound). Onion Market—Western—Valencias bushel. $1.2061.40. Central: Western Yellows bushel. *1.1061.15; Western; Whites. *1.75 @3. NEW YORK COrFEE FUTURES —Jan. 20—■ SANTOS High. Low. Close January ... 9 44 March 9 69 9 60 9 60 Mav 9 89 9 80 9.80 July 10.04 9 95 9 95 September 10.40 10.38 10 39 December ....... ... 10 39 RIO January ... 6 88 March 7 04 May 7.30 7.23 7 23 July 7 35 September ... 7.47 December ... 7.60 CHICAGO CASH GRAIN By United Press CHICAGO. Jan. 20—Wheat—No. 1 hard. 92c; No. 2 hard. 91c; sample grade hard, weevily. 84%c; No. 1 northern. 91c; No. 3 northern, 89c. Corn (new) —No. 2 mixed, 50%c; No. 3 mixed. 49%c; No. 4 mixed. 49c; No. 2 yellow. 50%651c; No. 3 yellow, 49%650c: No. 4 yellow. 48% 6 49%r; No. 5 yellow 48 6 48%c; No. 2 white. 51c; Nofl 2 white, old, 52%c; No. 3 white, new. 50c; No. 4 white. 49c; sample grade white. 32c. Oats—No. 2 white. 39c: No. 3 white, 38 6 38%c; No. 4 white. 37V*c. Rye—No sales. Bariev—Sales. 74c; quotable, 48® 76c. Timothy—*6.2s6 6.50 Clover seed—*lo 50613.75. Cash provisions—Lard. *5.55; loose. $4.80; leaf, *4.75; S. bellies. *6.50. TOLEDO CASH GRAIN By United Press TOLEDO. Jan. 20. Grain in elevators, transit billing; Wheat—No. 2 red. 93V*<® 94%c. Corn —No. 2 yellow. 55 6 51c. Oats —No. 2 white. 42 6 43c. Rye—No. 2. 686 69c. Track prices. 28%c rate: Wheat— No. 1 red, 906 90%c: No. 2 red. o®B9V*c. Corn —No. 2 yellow. 50%652V*c; No. 3 yellow, 49%651%c; No. 4 yellow, 48649 c; No. 5 yellow. 45%6 48r. Oats—No. 2 white, 39 6 40%e; No. 3 white, 38%640c. Toleto seed close: Clover—March, $8.50. Alsike —Cash, *8.50. NEW YORK RAW SUGAR FUTURES —Jan. 20—High. Low. Close. January ••• 1.38 March 1 43 1 38 1 43 May 1 48 1.43 1 48 July 1.58 1.53 1 58 September 1.53 1.47 1.53 December 1.63 1.59 1.63

JAN. 22, 1934,

GRAIN VALUES i WEAKER AFTER 1 STRONG TONE Strength in Securities and Bonds Fails to Boost Future Prices. BY HARMAN W. NICHOLS United Pre Staff Correspondent CHICAGO, Jan. 20—Grain markets today made a poor response to strength in stocks and bonds and prices averaged somewhat lotver on the Board of Trade. There was a lack of aggressive buying, due mastly to week-end evening up of positions. There was a rather pronounced disposition to go slow on either of the market, the trade being fear* ful of what might happen in Washington over the week-end. A small bulge in wheat early failed to carry through as there was plenty of May for sale at. 91% cents. At the finish wheat was % to cent lower, corn was off % to % cent and oats were % to % cent lower. Corn. oats, rye, and barley wer relatively quiet with profit-taking on the minor upturns and prices averaged slightly lower. Country offerings of corn to arrive w f er® small. Provisions were somewhat unsettled. • Chicago Primary Receipts —Jan. 20— —Bushel— Today. Last wfp)*, Wheat 395,000 252.000 Com 640,000 615.000 Oats 173,000 132 000 Chicago Futures Range —Jan 20— Pied. Open High Low Close Closi WHEAT Mav.. .91% .91% .90*4 .90% .91 July.. 89% .89% .88% .88% 89% Sept.. 90% .90% .89% .89% .90"* CORN— May.. .52% .52% .52 .52% .52-ts July.. .54% .54% 53% .54 54'* Sept. .56 .56% .44% .55% .56 OATSMay.. .38% .39 .38% .38% .38’$ July.. .38 .38% .37% .37% .37% S< "j>YE .37 % .37% .36% .36% .37 Mav..' .64% .84% .62% .62% .63%’ July.. .64% .64% .63 .63 .64% BARLEY— May 52% .52% July.. .. ... ... .53 .53% LARD (Old) Jan.. 5.02 502 5.02 May.. 5.42 5 42 5.40 5 40 5.40 BELLIES (Old) May.. ... ... 6 45 6.45 BELLIES (new) Jan.. ~ ... ... 6.50 6.50 May.. •• ... ... 7.05 7.05 July 7 37 7 37 Lard (new) — Jan.. .. ... ... 5 50 5 50 Mav.. 5.87 5 87 5 82 5 87 5 90 July.. 5.87 5.87 5.82 582 5 85 Sept.. 5.97 5.97 5.95 5.95 6.00 INDIANAPOLIS WAGON WHEAT City grain elevation are paying 84 cent* lor No. 2 soft red wneat. Other grade* on their merits.