Indianapolis Times, Volume 45, Number 226, Indianapolis, Marion County, 30 January 1934 — Page 8

PAGE 8

I Wall Street Proposed Sale of American Bonds in London Reflects More Confidence There Than Here. BY RALPH HENDERSHOT Timet SpeUl Flnanfial Writer Unable to secure new capital in the United States, several American companies are reputed to be seeking funds in London. And. according to all accounts, the European bankers are rather friendly disposed toward the idea. This is a strange situation in view of the fact that a few years ago we were taking business away from London, and many people were saying that New York was about to become the money center of the world. To a certain extent it is fair to assume that the new Truth-in-Secur-ities act has been responsible for the development. But probably of far more influence has been the attitude of the American investing public toward securities. The people in the United States run hot and cold as far as securities are concerned, but it is not particularly surprising that such is the case. This country’ is new in the investment field. Few stocks and bonds were held here prior to the sale of the Liberty bonds during the war. But before the last bull market blew up it was estimated that there were between fifteen and twenty million people owning

securities. These people were not all investors, however. Most of them, in fact, probably could not differentiate between investment and speculation. While a great deal of fuss has been made about the consequences, the fact of the matter is that a big majority of those who bought stocks in those days did so with the idea they would grow’ rich over-night through owning them. It was their gambling instinct which prompted their action and they lost, as gamblers frequently do. a a a Blind Leading the Blind And in a great many instances those who offered the securities for sale in those days were as ignorant about investments as were their clients. Cloak and suit men. broken-down actors and people from many other walks of life were either offering stocks and bonds for sale or were advising their friends on security purchases. They regarded it more or less in the

I "At V

Ralph Hendershot

nature of a racket, and they were making the most of it. Everybody was happy until things began to go wrong. Then, of course, the party broke up in a free-for-all. Our first important venture into the security business was rather disastrous or nearly everybody concerned. Those who bought and those who sold made money for a time. But they have since lost most or all of it, and today they are much wiser as a result. There is reason to believe that the 1927. 1928 and 1929 excesses will not occur again—at least not soon. The securities act will help to prevent it, but good common sense will be an equally important factor. a a a a a a Europeans Buy Income in Securities Those who have studied investment psychology' in Europe say that in the leading financial centers people pay more attention to income than to appreciation in principal when selecting securities. That would seem to be a much sounder practice than buying purely on some one’s tip that some stock is going to 500 a share. If the bankers in London pre willing to underwrite American securities at this time it is obvious that the average English investor has more confidence in the future of our corporations than we have. And, in view of the huge sums needed this year for refunding purposes in the United States, this may prove to be a good thing.

New York Stocks 1 1 3v Abbott woppin St Cos.) ““~””~~^

—Jan. 30— Prev Oils— High. Low. 10 30 close. Amerada ••• 48j* 48% Atl Rfg 34% 34 34'4 33% Barnsdall _ ... ; > Consol Oil 12'* 11% 12 It Cent of Del 19 s * 19% Houston i new 5 Houston toldi 27 4 Indian Rfg ••• ~ .*:• Mid Cont Pet... 13*4 13% 11% 13 s * Ohio OH }5. 15 Pet Corp - 12 * J 2 Phillips Pet .... 18 17% 18 18 Pure Oil 13 4 S*>d Oil 33 Shell Un 11 1 4 11% Simms Pet 10 2 Skeilev OH *4 9 2 Soc Vac 18% 18'4 SO of Cal 42 4114 42 42' S O of N J 47' 4 47 47' 4 47 Sun 0.1 53' 4 58* 4 Texas Coro .28 27% 23 2.'2 Tidewater Assn 11 10% 11 10% Un OH of Cal 19*. 19** Stre's— Am Rol Mills .. 23 1 23 23'. 22*4 Bth Sie-l 47'2 47% 47'2 47', Byers AM 30’, 30 Col Fuel A Iron. .. ... ... 6% Cruc Steel 27-4 Gulf Sts Steel.. .. Inland Steel 46 7 46' 4 LudUim Steel 1* a McKeesport Tin 91 Natl Steel •• 57 Pen Iron A Steel 21*4 21*. 21% -1% Rep Ir A Stl pfd ... 52' 4 51% C S Smelt 104'4 103*. 104 103'2 Vanadium 27% 27*2 27% 27% Mid Steel 17*2 17*4 U S Pipe A Fdv. . . . 23% U S Steel 58 57 7 57 7 57*. U S Steel pfd 98 98 Youngstn SAT 27 7 27'4 AtdOi'sorT 71*2 71 71% 69', Atl Cst Line 49'. 49 BAO . 29*4 29'. Can Pac 16** 16*4 16% 16 Ch A Ohio 44', 43% Chi A Gt W j 7, C M A St P * *• C M A St P pfd . 10 9*4 Chi N W 11*. 11 11*. 10*4 Chi R Isl 4*4 4*2 Chi R I 7<~, pfd 8 Dela A Hud 70*. 70 Erie 21*. .1 4 Grt North pfd 27 2 2. 2 ni Central 3. 36 K C Sou 17 16% Lou A Nash -■ 59 2 M K A T 12 7 . 12*2 Mo Pac 4, Mo Pac pfd 7% 1 2 N Y Cent 39*. 38% N Y C A St L 18'4 NY C A St L pfd ■ 25 N Y New Haven 22 21*. N Y Ont A Wes - 178 Nor Pac 29 7 4 29% Pfnn R R ... 36’a 3e> * £Spac :.... 29*2 29% 29% 28% Sou R R pld • ••• 39 4 a 39 . Sou R R ... 34*4 34*2 34> 34^ Bou R R pfd 39-, 39% Union Pac 123*2 122 * Wabash •••_, .f** West Marv 11*4 11% H • 11 s * Motors— Auburn 53 , 52 4 Chrysler 56 56 Gtn Motors ... *0 * ’J, SSSr •. '. ==;l Marie Truck ... 39% 38j2 Packard ”". 5% ' s*. 5% i* Reo • 4% Btudebafcer J* Yellow Truck 6 MotfT Access— Bertdtx ;3 2-2 Bohn Alum 88% 67% Borg Warner 27% 2. Briggs 27*a 17 s , Buao Wheel 5% s* 5% 5 Eator. Mfg 19% 18 * Elec Auto Lite. 28', 28_, Houd <A' 6% 6% Mullins Mfg 9 B*4 Murrav 80ev... 10*4 10 s , 10 s , 10% Stew W’arner 9 7 , 9% Timken Roll ... 36% 36*, 36% 35-s Mintn; — Alaska Jun 22% 22% 22% 22% Amer S-ielt 45 7 , 45 5 , 45% 45’, Anaconda 16 s , 16% Cal A Heels 5% 5% Cerro (Se Pasco 36*, 36 s , Granby 11% 11 Ot Nor Ore 13*2 13% Homestake Min 320 Howe Sound ... .. ... ... 38 Ins Copper s s , Int Nickel 23*2 23% Kennecott Cop 22 s , 22% Noranda Cop Phelps Dodge .... ... 18 17% Tobaccos— Am Snuff ... ... 51 Am Sum Tob ..... ... ... 19 Am Tobacco A.. Am Tobacco B 77 77% Gen Cigar 35% Ligg A Myers B 92% Lornllard 18% Remolds Tob B. .. ... 43*2 43 Eqn-.pmrnts— Allis Chalmers. 21% 21', Am Car A Fdy 29 Am Loco 34 33% Am Mach A Fdv 18% IS Am Steel Fdy 24* 4 Bald Loco 14 13% Bur roughs ... 18 18 Case J I 81% 81 Cater Tract 29*, 29 29% 28% Cos! Palm Pee: 14', 14% Congoleum 28 Elec Stor Ba- 51% 51*2 Poster Wheeler 1* Oen Am Tk Car 39 s , 99 5 , Gen Elec 22 5 . Gen R R Sig .. , 41*2 Ingsol Rand ... 70 69% 70 70 Int Bus Mach 147 Int Harvester 44 43 s . Kolvlnator 15% 15% Natl Cash Reg 22% 22*2 Proc A Gamble 39 5 . Pullman Inc 57 Simmons Bed.. 22 21% 22 21% t'nd Elliot 49 West Air B 33 32% Westingh Elec 43% 43 Worthington Pm 29 s . Utilities— Am A For Pwr 1C 7 , 10 s , Am Power A Lit 8% 8% Bs.8 s . B s , A T A T 119', 119% M 9% 118% Am Wat Wks 22% 22*2 Brook Un Gas 73 s , Col Gas A Elec 14 s , '.4% Col GA E pfd. 70*. 69*2 70*, 68% Com A Sou 2% 2% 2% 2% Consol Gas 42% Elec Pwr A Lit 6% 6*2 6*2 6% E P A L pfd IJ% Int TA T 16, l*% Lou G A E A 17*, Nat Pwr A Lit 11*, 11% North Amer 19% 19 s , Poc O E 19 18% Pub Sen N J 39% 39 So Cal Edison.. 19% 19% 19% 19% Std Ga* %, Btd Gas pfd 19 s , United Corp B s , Un Gas Imp .. ii% pi% I Ut Pwr A Lit -A I s , j% Western Union.. 62% 62% 63% 61%

Rubbers— Firestone 23% 22% Goodrich 17% 17 Vi Goodyear 40% 39% U S Rubber . . 20% 20 20% 20 U S Rubber pfd 36% 35% Kel Spring ... 4% Amusements— Croslev Radio .... ... ... 14 Fox Thea 16% 16% 16% 16% Loews Inc 29% 29% 29% 29% Radio Corp BV< 8% 8% 8% RKO 33 Warner Bros 7V* 7 Foods— Am Sugar 55% 55 Armour A’ 5% 5% Beatrice Cream 14'. Borden Prod 21% 24 Cal Packing ... 26 Canada D G Ale 25% Coca Cola 101% 101*. Cont Bak ’A’ 13% 13*, Corn Prod 83% 82 Crm cf Wheat . 31% 31% 34% 31 Gen Goods 36< s 33 36 33% Gold Dust 20 19% 19% 20 G W Sugar ... 31% 31% Loose Wiles 42' > Natl Biscut . 48'a 43*4 48% 43 Natl D Prod 15% 15% Purity Bak 18% 18% S Por Rico Sug . . 35% 35% Std Brands . 24% 24% 21% 14% United Fruit . . 65*2 65 65*2 64% Ward Bak A 9 Retail Stores— Ass Drv Goods 15% 15% Best * Cos 31% 1 Gimbel Bros ... 5% Gr Un Tea .. 8% 7% Hahn Dept Sts. .. ... 6% 6% Jewel Tea 40% Kresge S S 17% 17 Kroger Groc ... 29 28% 28% 28% Macy R H ... 60*2 May Dept St 36* 4 36 Mont Ward . . 28% 28 28% 28 Penny J C 59% Safeway St ... 53% Sears Roebuck. . 47% 47% 47% 47% Woolworth 50* a 49% Aviation— Aviation Corp.. .. .. 10 Douc.S'.s Air. 23% 23% 23% 22% Curtiss Wright. . ... 4% 5% Curtiss Wr A ... 10's 9% Nor Am Av ... 7% 7% United Aircraft. 35% 35% 35% 33*8 Chemicals— Air Reduction .... ... 102* 4 102 Allied Chem 15S 155 Am Com Alcohol .. . . ... 59% Col Carbon . . . 65*2 35% Com Solvents . 35% 35% 35*2 35% Dupont 101 109% 100% 100', Freeport Tex ... 45% 46 46% 45% Liquid Carb 32 31 % Math Alkali 39 38% i Tex Gulf Sulph ... 40*2 40% I Union Carbide. 49 48% 49 48% U S Ind Alcohol .. ... 60* a 59 i Natl Dist l newi 27* 4 26% Drugs—- | Cotv Inc 6% 6 Lambert 29* 4 28% Lehn & Fink 18% 18% ! Zonite Prod 6% 7% Financial— Adams Exp 10*2 10% Allegheny Corp 4% Chesa Corp 4i% ; Transamerica ... 7% 7 Tr Conti Corp 6 5% Buildings— Am Radiator.... 16% 16% 16% 16% Gen Asphalt ~ ... 19% 19% Int Cement ... 355, 351, Johns Manville 65% 65 % Libby Owens Gls 42% 42% 42% 42% Otis Elev 18% 19 Ulen Const 3% 33., Miscellaneous— Am Bank Note 18% Amer Can 101 1 * 100*2 Anchor Cap. .. ... . 13 Brklyn Man Tr 34 333. , Conti Can 7gs 4 79 Eastman Kodak . . . 90% Owens Bottle... 92*2 92 92'2 90% Gillette 11% 11% n% ll', Glidden iß* a 18% Gotham Silk .. 10% 10% Indu Ravon . . 94 93 94 91*. Inter Rapid Tr . 11% 11 11% jii. Real Silk Hose. .. ... ... 12%

Foreign Exchange

(Bv Abbott. Hoppin <5: Cos.) —Jan. 29 Sterling. England $5 Muf* Franc. France 0624*2 Lira Italy 0835 * Belgias. Belgium 2218 Mark. Germany 3775 Guilder. Holland 6390 Peseta. Spain ’1278 Krone. Norway " 2515 Krone. Denmark 2230

Investment Trust Shares

(Bv Abbott. Hoppin & Cos ) —Jan. 29 Amer Bank Stocks Corp 1 09 X 12 S er * GenenU S?c A 4.50 550 Amer & Inv Tr shares 1.50 250 Basic Industry shares 3.83 3,70 British Type Inv Tr shares .. .72 80 Collateral Trustee shares A .. 5 00 512 Corporate Trust shares told'.. 2.19 2 23 Corporate Trust shares /new/.. 3.48 2.51 cumulative Trust shares 4 30 4 40 Diversified Trust shares A 6.25 Diversified Trust shares B . 8.40 860 Diversified Trust shares C.. 330 335 Diversified Trust shares D. .. 5 10 520 First Insurance Stock Corp . 1.34 148 First Common Stock Corp . 83 98 Fixed Trust Oil shares A... 900 925 Fixed Trust Oil shares B ... 7 75 8 00 1 Incorporators Investments .19 50 20 75 Land Banx Bond shares ... 93 103 Low Priced shares 650 6 62 Mass Inv Trust shares 19 07 29 72 Nation Wide S-curities 3 52 3 60 North American Tr shar <531 1.93 North Amer Trust sh 155> .2 51 254 North Amer Tr shar • 58> 289 295 Selected American shares 310 Selected Cumulative shares... 750 : Selected Income shares 360 466 Std American Trust shares A 3.13 3 18 Trust Shares of America. . 301 306 Trustee Std Oil A 560 570 Trus’ee S’d Oil B 5.40 5 50 ;U S Electro Lt * Pwr A 12 50 13 60 Universal Trust shares 323 3,30 NEW YORK COFFEE FUTURES —Jan. 29 SANTOS .. High. Low Close March . . 958 9 48 958 Mav 978 98 9.78 tuhr 9.95 9 90 9 95 September 10 22 10 16 10 22 December 10 35 10 25 10 3: RIO 'larch 7.12 7.11 7 12 Mav 7 32 7.19 7.27 Julv 7 44 7.40 7AO September 7 51 7 43 7 50 December 7 60 7.54 7.60

STOCK SHARES SURGE FORWARD TO NEW HIGHS Industrial Issues at Best Levels Since 1931; Tape 6 Minutes Late.

Average Stock Prices

Average of thirty industrials for Monday High 108 42. low 106 11. close 107 90. up 187. Average of twenty rails: 49.24, 48 16. 49.03, up 83 Average of twenty utilities 27 10. 26 40 2b.87. up .42 Average of forty bbnds 89.15. up .17. Average of ten first rails: 94.57, up .08. Average of ten .second rails. 77.30. up .20. Average of ten utilities: 93 57, up .11. Average of ten industrials. 90.77. up .31. BY ELMER C. WALZLR (nilrd Tress Financial Editor NEW YORK. Jan. 30.—Industrial issues on the Stock Exchange broke their 1933 high today to the best levels since 1931. Tickers lagged six minutes behind actual trading. Railroad shares made a better showing than industrials, but the railroad average is still considerably under the 1933 high. Utilities also joined the upswing with gains ranging to more than a poiut. Heavy buying orders came in from all parts of the country. Considerable demand was reported from abroad. Aviation issues again featured in activity. Automobile shares were in demand at higher prices. Steels, rubbers, rails, farm equipments, amusements and oils continued to advance. New York shipbuilding was bid up nearly a point to 22 % on a block of 1.100 shares to feature its division; Curtiss Wright equaled its high at 4-Ti up \k on 4.500 shares v hile Douglas Aircraft made anew high at 23 1 2, up %on 1,800 shares; United States smelting rose 3 i to 104'i in the silvers; United States Industrial Alcohol was up 1 ! 2 at 60 in the Alcohols. Steel common rose to 57 Ts up % on the first sale —a block of 1,500 shares, and other steels were higher. Bethlehem reached 47%, up U, while Youngstown Sheet and Tube opened at 27 7 s, up ‘s. A block of 5,000 shares of General Motors sold at 40% up % and anew high since 1931. Case led the farm equipments higher. The tape fell behind after the opening. The whole list continued to move into higher ground. Traders interpreted favorably passage of the gold bill.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 30— Clearings $1,408,000.00 Debits 3.730.000.00

Treasury Statement

By United Press WASHINGTON. Jan. 30.—Government expenses and receipts of the current fiscal rear to Jan. 27. compared with the corresponding period o the previous fiscal year: Year Year Last Yeir Fxperres . $3,506,621,808.26 $2,978,728,500.06 Receipts . 1.661.893.267.80 1.123 961.188.91 , Deficit .. 1.844.728.540.55 1,849,767,311.15 Cash bal.. 462.214.353.80 New York Curb 1 By Abbott, Hoppin & Cos.) —Jan. 29Close. 1 Close. Am Beverage .. 2% Hiram Walker.. 52% Alum Cos of Am 81 Hud Bay Min.. 9*2 Am Cyanide B. 18% Humble Oil .... 40 Am Gas & El. . 28% Imperial Oil Ltd 14 Am Superpower 3% Int Petrol 23 1 % Asso Gas & El. 1% Lake Shore Min 43% Atlas Corp . 14% Libby McN Libb 5% Axt Fisher Tob 69% Lone Star Gas. 6% Brit Ceianese.. 3V a Massev Harris.. 6% Can Marc 2% Natl Bellas Hess 2% : Carrier Corp .. 8* 1 Newmont Min.. 53*2 I Cities Serv 3% Nia Hud Pwr... 6*, Cord Corp . ... 7% Novadel Agene.. 63 Creole Petrol... 12% Pail \ Airways 49% 1 Crown Ck Inti 7 Park Davis 24% ) Deere <V: Cos . . 32% Penn Road .... 3% Distil Lim .... 20% St Regis Paper. 4% 'Distil Corp .... 23 ; 'r Sal Cr-'ek Prod. 6% Dow Chem ... 75% Sherwtn Wms.. 60% El Bond A- Sh. 18%'Std of Ind 32% Fisk Rubbe- . . 11% Std of Kv 17*2 Ford of Can A 22% Stutz Mts 9 Ford of Europe 6% Technicolor Ind. 10*8 Gen Aviation.. 9 Teck Hugh Gold 5% Great A % P... 145 Un Gas 5% Glen Alden Coal 13*8 Un Pr &Lt A. . 4 Gulf Oil of Pa. 73% Wr Hargra Min 6%

Daily Price Index

By L nited Press NEW YORK, Jan. 29.—Dun & Bradstreet's daily weighted index oi thirty basic commodities, compiled for the United Press: (1930-1932 Average. 100). Soday 105.59 Saturday 104.88 Week ago 104.47 Month ago 100.59 Year ago 68.54 1934 high (Jan. 27) 104.88 1934 low (Jan. 3) 101.05 (Copyright. 1934, by Dun & Bradstreet, Inc.)

U. S. Government Bonds

By United Press NEW YORK. Jan. 29.—Closing Liberties: (Decimals represent thirty-seconds) LIBERTY 3%s (32-47) 101. First 4%s (32-47i 102.1 Fourth 4%s (33-38* 102.15 TREASURY 4%s 3%s (45) 99.21 4%s (47-52) 106.6 3%S (43-47) 99 31 3%s (41-43) March 99.30 3%s 140-43* June 100.2 3%s (41* 99 20 3'sk (46-49) 97.20 3s (51-55) : 96 2

Federal Farm Loan Bonds

Bv Blvth & Cos, Inc. —Jan. 30— Bid. Ask. 4s’ Nov. 1. 1957-37 91 % 92% 4s Mav 1. 1958-38 91*2 92% 4%s Julv 1. 1956-36 92*4 93*2 4%s Jan. 1. 1957-37 92'* 93% 4%s Mav 1. 1957-37 92*4 93% 4%S Nov. 1. 1958-38 92% 93*2 4%s Mav 1. 1942-39 96% 97*2 4*2* Jan. 1. 1943 ?'■ 93*2 94% 4%S Jan 1. 1953-jo 93% 94% 4%s Julv 1. 1953-33 93% 94% 4%S Jan. 1. 1955-35 93% 94% 4%s Julv 1. 1955-35 93*2 91*4 4%s Jan. 1. 1955-35 93*2 94% 4%s Julv 1. 1953-33 96* t 97*2 4%s Jan. 1. 1954-34 95% 97*2 4%S Julv 1. 1934-34 96% 97*2 5s Mav 1. 1941-31 99% 100*2 5s NOV. 1. 1941-31 99% 100*, Home Loan 4s. July 1. 1951 .. 95% 96

In the Cotton Markets

—Jan. 29 CHICAGO High. Low. Close. January 12.05 March 11.42 11.25 11.42 Mav 11.61 11.43 11.60 Julv 11 74 11.60 11.74 October 11 89 11.75 11 89 December 12 09 11 87 12.00 NEW YORK January H. 32 March 11 38 11.22 11.36 May 11.38 11.22 11.36 Mav 11.55 11.36 11.52 Julv 11 70 11.52 11.69 October 1185 11X5 11.83 December 11.95 11.77 11.92 NEW ORLEANS March 11.35 11.18 11.35 Mav 11 53 11.33 11 59 Julv 1166 11 4T 1184 October 11.62 11 63 11 80 December 11.93 11.77 11.93 Illincis Central Railroad Company December net income totaled $882,343 after payment of taxes and all charges, against $333,557 in December of 1932.

THE INDIANAPOLIS TIMES

Bright Spots

Bt Abbott. Hoooin Si Cos. California crude oil output in week ended Jan. 27 averaged 450,500 barrels daily, off 7,900 from the previous week. Chicago & Eastern Illinois Railroad Company net* operating income for December was $87,853, against net operating deficit of $64.961 in December of 1932. Minneapolis-Honeywell Regulator Company in year ended Dec. 31 reports net income of $831,240 after payment of all charges, equivalent to $3.77 on each of 197.468 common shares of stock, after payment of preferred stock dividend; compares with net income of $190,323. or 51 cents a share in 1932. Sales in 1933 totaled 54,493,511, against $3,636,617 in 1932. Atlatic Coast Line December net operating income totaled $562,912, against $546,032 in like 1932 month; for year ended Dec. 31, net operating income was $4,299,811, against $108,199 in 1932.

On Commission Row

—Jsn. 30— Fruits Cranberries—Cape Cod early blacks. 25lb. box. $2.40. Pears Washington A’A.lou. 90-1655. I 52.50: Avacados. Fla.. 16-16s. crate. 51.50. Strawberries—Florida, 12%c per pint. Bananas—Per pound. sc. Apples Wealthy. Wolf River. Grimes Golden Jonathan. Florida. $1.35©2 a bu.: fanev Stavmans. $2.25 a box. Grapefruit—s3 50'S 3.75. Oranges—California Navels. $4®4.50 a box. Vegetables Cabbage Eastern Danish. 50-lb. bag $1.50: new Texas. 50-lb. crate. S3. Onions—lndiana white. 50-lb. bag. $1.40; Indiana yellow. 50-lb. bag. $1.50. Beans—Round stringless, hamper. $2.50. Beets—Bulk per bu.. $1.15; Texas, new. $1.75 a crate. Peas—2 B-lb. hampers. $4. Carrots—California. $3.25 a crate: per doz.. 60c. Michigan, doz.. 60c: bulk per bushel. $1.15. Cauliflower —California (11-12 c), crate. $1.60. Celery Michigan Mammoth, dozen. 75c: medium bunch. 40c: hearts. $1.25: 18bunch per crate. $1.25: California. $2.50@ Cucumbe s—Hothouse. $1.75 ppr dozen. Lettuce —Iceberg, best (4-ss) .crate. $3.25 Ti 3.75: hothouse. 15-lb. basket. $1.50. Radishes—Hothouse button. 65c down. Sninach —New Texas. $1 per bu. Turnips—Per bu.. 85c. Tomatoes—Florida. 30-lb. bag. $3. Potatoes—Northern round whites. 100-lb. hep- $2 35: R R. Ohios 100-lb. bag. $2.35: 1---Vh. bag. 38c: Idaho Russets. 100-lb. bag. $2.75: Texas Triumphs, new. $2. 50-lb. bag. Sweet Potatoes —Nancy Halls, per bu.. [ $1.60® 1.65.

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 Coke, nut size f'4s Coke, egg size 8 75 Indiana, forked lump 5.59 Indiana, egg 800 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9 j{s Pocahontas mine run 7.25 New River smokeless 82, West Virginia lump 6.75 West Virginia egg *SO Lland Creek 1-00 Extra charge of 60c a ton tor wheeling coal, and $1 a ton for coal carried to bim. Other Livestock BY UNITED PRESS TOLEDO, Jan. 30.—Hogs—Receipts, light: very strorg demand; market. 10® 15c h gher: heavy Yorkers. $4; mixed and bulk cf tales, 53.804: pigs and lights. $2®3.25; ’•'eium and heavies, $3,253.80: roughs. 32.25® 2.75. Cattle—Receipts. 200: all ciasses; market strong to 25c higher. Calves—Receipts, light: market 50c higher: choice to extra, $7.50®8; fair ot good. $6 ®7. Sheep and lambs—Receipts, light; market steady; lambs. $59. FT. WAYNE, Jan. 30.—Hogs—5 cents lower; 160-200 lbs, $3.89; 200-250 lbs, $3.70: 250-300 lbs, $3.60: 300-350 lbs, $3.45: 1516 lbs, $3.40; 140-150 lbs, $3.15; 130-140 lbs, $2.95: 100-130 lbs, $2.45; roughs. $2.75; stags, $1.75; calves, $7; lambs, $8.75. PITTSBURGH, Jan. 30.—Hogs—Receipts. 500; holdovers. 1.050: active on 150-200 lb. weights, at 10c higher prices: bulk, $4.35; 210-250 lbs, $4;4.25; 250 lbs. up. $3.90®4; 110-140 lbs, mostly $3®3.50; packing sows, $3 down. Cattle—Receipts. 10: nominal. Calves—Receipts. 25; good and choice vealers. $7.50®8: medium, s6® 7. Sheep—Receipts. 200: fat lambs, 15® 25c higher; top and bulk, $9.50; common to medium, $5©8.25. By Times Special LOUISVILLE, Jan. 30.—Cattle—Receipts, 175; supply very light; market quotable around steady with yesterday’s close; bulk common to medium steers and heifers, 53.75® 4.50; cutter grades clown to $3 or less; we'l finished fed steers and heifers, salable $4.75c*/6: bulk beef cows. $2.50® 3; good smoo'h kinds eligible higher, sausage bulls. $3.25 down; Stockers and feeders, slow, quotable about steady. Calves—Receipts. 225; steady; bulk better vealers, 55.50® 6.50; strictly choice kinds, eligible higher; medium and lower grades, $5 down Hogs—Receipts. 1,000; steady; bulk 170-210 lbs, $4; 215-240 lbs, $3.80: 245270 lbs, $3 60: 275 lbs. up. $3.50; 140-165 lbs, $3.50: 110-135 lbs, $3.25; sows. $2.60; s;ags. $1.30. Sheep—Receipts, 25; fully steady: bulk medium to good lambs, $6.50®7.50; choice kinds. eligible $8: bucks discounted $1; throwouts mostly $4.50: desirable ewes. s2® 2.50. CHICAGO FRUIT MARKET By United Press CHICAGO. Jan. 30.—Apples—Jonathans. $1.25® 1.50; Baldwins. $1.35® 1.40. Carrots —lllinois. 40® 50c bushel. Spinach—Texas. 75c® $1 bushel. Beans—Southern green, $1.65®2.15 bushel: wax. $2®2.50. Mushrooms—lllinois, 15® 30c. pound cartons. Cucumbers—Hothouse, $2.50® 3. Tomatoes —Florida. $1.25®2.25: hothouse. $1®1.25. Leaf lettuce—lllinois hothouse. 20c box. Celery—Michigan. 40c®$l square crate. Cabbage—Wisconsin. $1.50® 1.75, 100 lb. sacks. Parsnips—lllinois. 80®90c bushel. Sweet potatoes—lllinois. $1.25® 1.40; Indiana. $1.65® 1.75. Rhubarb—Michigan hothouse. 20® 40c. 5 pounds. Onion market —No sales on account of cold weather; prices nominally unchanged.

7TSOCK AW BY BRUCE CATTON TT7HEN Erling Tambs, young ™ ’ Norwegian novelist, got married. he spent all his money on a forty-foot sailing boat. Then he and his bride set out on a cruise around the world. They had less than 50 cents in cash, they lacked charts and navigation instruments, and their boat even had no spare sails. Tambs tells about this unique honeymoon in “The Cruise of the Teddy.” By dint of sending stories back to a Norwegian newspaper. Tambs kept just enough of a trickle of cash coming in to buy supplies. He and his bride sailed leisurely down to the Canary islands —and there Mrs. Tambs gave birth to a son. When the boy was 6 weeks old. they took him aboard and sailed across the Atlantic. They went through the Panama canal and set out across the Pacific. They visited the Marquesas and Tahati and similar romantic spots, escaped disaster by virtue of their boat’s sturdiness and Tambs’ seamanship, got to New Zealand —and there Mrs. Tambs gave birth to a daughter. Pretty soon they set out again, with two tiny children abroad. All in all. this amazing cruise lasted about four years. The boat finally was wrecked on the New Zealand coast, and Tambs saved his family from drowning by the skin of their collective teeth. Then he sat down and wrote this book; if it is profitable enough, they are going to buy anew boat. Published by Harcourt, Brace & Cos., it retails for $3.

PORK MARKET OFF 10 CENTS ATJiITY PENS Cattle Slow : and Steady; Veals, Lambs Remain Unchanged. A decline of 10 tents was displayed in hog trading at the local stockyards this morning, following the advance in the previous session. Large increase in receipts was partly responsible for the weakness. The bulk, 160 to 250 pounds, sold for $3.60 to $3.80, while few choice kinds were selling at $3.85. Weights scaling 250 pounds and upward brought $3.35 to $3.55. Lighter classes weighing 130 to 160 pounds sold at $3.10 to $3.50, while slaughter pigs, 100 to 130, were salable at $2.10 to $2.85. Receipts were estimated at 9,000; holdovers, 265. Initial trading in the cattle market was not fully developed, with asking slightly higher and bidding steady on slaughter steers. Other grades remained inactive. She stock moved slow and around steady. Receipts numbered 1,200. Vealers continued in a steady trading range, selling at around $7.50 down. Receipts were 500. With an early trend not established, lamb prices held practically unchanged. Few native grades were steady at $9 down. Supply consisted mostly of fed westerns. Receipts were 1,600. Asking on hogs at Chicago moved around 15 cents higher than yesterday’s average. Better classes weighing 180 to 220 pounds were bid in at $3.85 to $3.90. Receipts were estimated at 40,000, including 21,000 directs; holdovers, 3,000. Cattle receipts were 8,000; calves, 2,000; market strong to slightly higher. Sheep receipts, 10,000; market strong. HOGS Jan. Bulk. Top. Receipts. 24. $3.50® 3.65 $3.70 10,000 25. 3.40® 3.55 3.55 10.000 26. 3.55® 3.75 3.75 8.000 27 3.55® 5.75 3.75 4.000 29 3.70® 3.90 3.95 6.000 i 30. 3.60® 3.80 3.85 9.000 Market, lower (140-160) Good and choice....s 3.30® 3.50 —Light Weights—-(l6o-180) Good and choice.... 3.80 1180-200) Good and choice.... 380 —Medium Weights—-(2oo-220) Good and choice 3.70® 3.75 (220-250) Good and choice.... 3.60® 3.70 —Heavy Weights—-(2so-290) Good and choice 3.50® 3.55 (290-350) Good and choice 3.40® 3.50 —Packing Sows—(3so down) Good 2.85® 3.25 (350 upl Good 2.75®. 3.00 (All weights) Medium 2.50® 2.75 —Slaughter Pigs—-(loo-130) Good and choice.... 2.15@ 2.90 CATTLE Receipts, 1,200; market, steady * * Good*’and choice $ 5.75® 7.00 Common and medium 4.00@ 5.75 (1.100-1,500) B „ nn Good and choice 122 Common and medium 4.00@ 5.25 * 6 Good and choice 500® f'iiij Common and medium 3.00@ 5.00 (750-900) . „ _ c nn Good and choice 4.50® 6.00 Common and medium 2.70@ 4.50 —Cows — Good 2.75® 3.25 Common and medium 2.25® 215 Low cutter and medium 1.25® 2.25 —Bulls (yearlings excluded) Good (beef steersi 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 500; market, steady. Good and choice $ 7.00® 7.50 I Medium £.so® 2.00 • Cull and common 2.50® 4.50 —Calves—-(2so-500) „ Good and choice 3.50® 5.00 Common and medium 2.00® 3.00 —eeder 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® f'2s common and medium 2.50® 3.75 SHEEP AND LAMBS Receipts, 1,600; market, steady. (90 lbs. down) Good & choice.s 8.75® 9.25 (90-110 lbs.) Good and choice. 8.50® 9.00 (90 lbs down) Com. and med. 6.00® 8.00 —Ewes— Good and choice 2.75® 4.00 Common and medium 1.50® 2.75 Other Livestock BY UNITED PRESS CHICAGO, Jan. 30.—Hogs—Receipts. 40,000, including 18.000 directs; mostly 15c higher than yesterday; 160-300 lbs.. $3.65® 4; top $4 for best 180-200 lbs.; good pigs. $2.25® 2.75; packing sows, $3®3.25; light lights. 140-160 lbs., good and choice. s3.la® 3.90; light weight, 160-200 lbs., good and choice, $3.60® 4; medium weights. 200-250 lbs., good and choice. $3.75® 4; heavy weights, 250-350 lbs., good and choice, $3.50® 3.85; packing sows. 275-550 lbs., medium and choice, $2.90®3.40; slaughter pigs, 100-130 lbs., good and choice, $2.25(7/ 3.25. Cattle—Receipts, 8,000; calves, receipts, 2,000; general market on steers and yearlings slow; undertone on medium and weighty steers, weak to lower; best long yearlings. $7.10; some held up; other killers generally steady; largely steer run with weighty kinds in excessive supply, slaughter cattle and vealers. steers 550900 lbs., good and choice, $6.25® 7.35: 9001,1000 lbs., good and choice. $5.50®7.35; 1,100-1.31)0 lbs., good and choice, $5.25® 7.25; 1,300-1,500 lbs., good and choice, $4.25(7/6.25: 550-1.300 lbs., common and medium,, $3.50(1/ 5.50; heifers. 550-750 lbs., good and choice, $5®6.75; common and medium. $3.25® 5; cows, good. s3® 4; common and medium. S2.6O'S 3; low' cutter and cutter, $1.50® 2.75; bulls, yearlings excluded. good beef. $3(5/3.25; cutter, common and medium, $2.25®3.10; vealers. food and choice, $6®)7.50: medium. ss® ; cull and common. s4® 5: stocker and feeder cattle: steers. 550-1,050 lbs., good and choice, $3.50(5/5; common and medium. $2.50®3.50. Sheep—Receipts. 10.000; rather active buyer interest early; undertone on slaughter classes, strong to 25c higher; best medium weight lambs held well above $9.25. bidding $9 down; light weight ewes scarce. Slaughter sheep and lambs—Lambs 90 lbs. down, good and choice. $8.25® 9.25; common and medium, $6.25®8.50; 90-98 lbs., good and choice. $7.75®9.15: ewes 90-150 lbs., good and choice, $2.50(7/ 4.50; all weights, common and medium. $2(5/3.25. EAST ST. LOUIS, 111.. Jan. 30.—Hogs— Receipts. 12.000. including 300 direct; market steady to 10 cents higher; medium weights showing advance and pigs and heavy butchers not established; top. $3.75: bulk 160 to 250 lbs.. $3.70©3.75; 140 to 150 lbs.. 53.35 to $3.65; sows mostly $2.85(7/3 Cattle—Receipts. 3.500; calves. 1.800; market: most clas&es steady with cows active and strong; early steer sales largely $4.30 (5/5.50; cows, $2.50©3: low cutters $1.25® 1.75: sausage bulls in narrow demand, early sales $2.50®2.65: top vealers. $6.75. Slaughter steers. 550 to 1,100 lbs . good and choice. [email protected]; common and medium $3 25: 1,100 to 1.500 lbs., choice. $5 ®6.60: good, $4®6.25; medium, $3.50®5.25. Sheep—Receipts. 1.500; market not yet established; generally asking strong prices: small lots of choice wooled lambs to city butchers, $9(7/9.25; indications steady on throwouts and sheep; lambs. 90 lbs. down, good and choice. $8 25® 9.25: common and medium. ss® 8 50: 90 to 98 lbs., good and choice. SB(S 9.25; common and medium. ss'</8.50: 90 to 98 lbs., good and choice. $5.50®7.50: ewes. 90 to 105 lbs., good and choice. $2.50®4; all weights common and medium, $1.50® 3. CINCINNATI. Jan. 30.—Hogs—Receipts, 4 800; 168 direct and through: holdover. 155: market active, generally steady; top and bu'k 160 to 230 lbs., $4; 230 to 250 lbs *3.90: 250 to 300 lbs.. $3.70®3 80: 140 to 160 lbs. $3.65®3.85; 120 to 140 lbs., $3 ® 3.40: lighter weights from $3 downwards and bulk good packing sows, $2 50® 2.75. Cattle—Receipts. 250; calves, receipts. 250: most classes around steady; steers and heifers principals' from *3.50®5.25; one lot I "nod mixed yearlings, $6: bulk fat cows. *2 50® 3 50; low cutters and cutters. $1.25® 3.25; sausage bulls mainlv, $2.25®3.25: odd head $3 35: calves trade generally 50 c-nts higher than early vesterdav: bulk <”ood to choice period: plainer offerings from $6 downward. Sheep—Receipts. 300; direct and through 130: market steady, duality offerings considered: better grade scarce, market largely nominal: good to choice lambs quotable from $8.50®9: medium sorts $7 50®8.50; common throwouts *6 sn®7 50: Cat ewer. s3® 4. LAFAYETTE. Ten. 30.—Hogs—Market. 10c to 15c low-;, 170 ts 225 ’bs.. *3.55® 36s 225-250 lbs.. <3 45®3.50 259-325 lb*.. *3 30®3.40 1/10-170 lbs *3®3 20: 129 to I*o IH S *2.50® 2 75: 100-120 lbs.. *1.75® •> 25' ro""hs. $3 down: top calves, $6: top ’a—*'- a CLEVELAND. Jan 30.—Cattle—Receipts. 209- market. mo' ,, ’S , e'r active and steady; choice steers. 750-1,109 'bs *6 25® 9 75; 559-900 lbs Ss' S<t 900-1.200 lbs. ss®6 heifers 600-1 000 lbs . ** 25® 5 50; g-od (cows all weights. *2.50®3 25. Calves—-Re-ceipts 250 market active and steadi: a'l sold- choice to nrime. s7® 8: choice to good $0 50® 7; fa<r to good. *s® 6.50 Sheen —Receipts. 1.000: market, active and strong with finest lambs bringing a $9 40 top- choice wethers. s4® 5: medium to (-ood $2.50® 4: choice spring lambs $8.75® 940 good to choice s7® 8: me-hum to "ood *6® 7. Hovs—Receipts. 1 500: market fidlv s-eady in active trading: 250-*OO lbs' *3.50®360- 220-250 lbs.. $3.60© 3.75; 180-210 U>s..j|4; 150-180 Uy.. $4; pigs. 82.75.

Nation’s Wheat Board Studies Vital Proposals

Advisory Body to Consider Draft Agreement for Minimum Prices. By United Press LONDON, Jan. 30.—The international wheat advisory commission met yesterday to consider two vital proposals, including a draft agreement for establishment of world minimum prices. The second important discussion of the agenda was a proposal, made in a confidential report to the commission. for increasing world wheat consumption, by from 10 to 15 per cent. The report recommends, in substance, the decrease of the percentage of flour to be extracted from wheat from approximately 70 per cent to 60 per cent, and suggests asking the world governments to take legal steps to make the system general and compulsory. Urges Larger Consumption Another proposal was to bring about an increased use of wheat for animal consumption, and a larger use of uncut wheat as fodder. John Van Antwerp Mac Murray, United States minister to the Baltic states, presided over the sessions, which will continue for several days. A two-page draft agreement for creating minimum wheat and flour prices was embodied in a report by the subcommittee on marketing conditions, prepared earlier this month. It refrained from recommending any specific prices, but outlined a basis for a world accord. The subsidies given by all countries except Canada and Australia to wheat growers and exporters were to be considered at length, and resumption of negotiations with Russian representatives to obtain a fixed export quota from the soviets was to be discussed. Moscow Remains Out Moscow has remained out of any world agreement because it was unwilling to accept the export quota offered by Argentina, Canada, Australia and the United States, and insisted on the right to export 75,000.000 bushels this year. The other four largest wheat countries wanted to limit Russia’s exports to 37.000,000 bushels, with another 8,000,000 bushels contingent upon conditions. Prospects for the current crop year indicated a possible total of 560000,000 bushels for export, but may have been over-optimistic. The quotas were established on that figure, and if crops are smaller the quotas will be redistributed. Births Boys Paul and Audrey Moyer. 3837 Olney. Frank and Naomi Heflin, St. Vincent's hospital. Herman and Sarah McCray. St. Vincent's hospital. Ottis and Opal Earl. St Vincent’s hospital. Louis and Catherine Meier, St. Vincent’s hospital. Steve and Fanny Boyer, 1070 Udell. Raymond and Helen Chappell. 1219 East Ninth. Herschel and Suzanne Harris, 29 North Grealy. Ralph and Lillie Liford. 728 Woodlawn. Herbert and Hallie Crouch. 1529 East Southern. Gernard and Hester Van Horn, 1245 Lawton. Herbert and Hallie Crouch. 1529 East Southern. John and Virginia Bills, 2866 North Adamis. Arthur and Mary Driscoll, 1819 East Minnesota. William and Ellen Stillabower, 1424 West Twenty-first. Girls Anthony and Lenora Mazza, St. Vincent’s hospital. Charles and Edna Smith, 2338 Daisy. Victor and Viola Bender. 1714 Naorrii. John and Dorothy Purdy, 2233 Roosevelt. Harry and Loreva Hammond, 1827 West Morris. Ernest and Lora Burton. 561 West Morris. Don arid Margaret Coram, 924 West New York. Harold and Madge Harvey. 2304 Sherman drive. Hobert and Minnie Shaw, 420 North Bradley. Cecil and Viola Wayman, 914 Wright. Cliauncie and Ethel Smith, 1438 Samoa. Henry and Ida Striby, 633 North Hamilton Charles and Mary Breeden, 2530 Burford. Deaths Elizabeth Schier. 84. 624 North Keystone. fracture righ hip. Joseph Hurlbu, 84. Methodist hospital, arterio sclerosis. Mary E. Roilly. 60, 1335 South East, chronic interstitial nephritis. Emily Frances McKinney. 66, 1101 Beville. broncho pneumonia. Emma Layton. 65, 1514 aßtes. Addison’s disease. Frank F. Moll. 51, 36 South Rural, carcinoma. Charles Edward Stewart. 64. 25 North Brookville road, coronary occulusion. Curtis Roy. 47. city hospital, carcinoma. Dorothy Vance. 78, city hospital, carcinoma. Nelle Elva Holms, 58. Methodist hospital. diabetes. Robert Makin, 84. 5328 College, coronary occlusion. Ishmael W. Macy, 35. 3715 North Meridian. lobar pneumonia. Frances Rigsbv. 80, Methodist hospital, chronic interstitial nephritis. Margaret Timbrook. 44. city hospital, broncho pneumonia. Roberta Howard. 43. city hospital, chronic myocarditis. Henry Peters. 53. 1025 East Southern, carcinoma. Frank G. Mathews.. 71, 2829 East Vermont, carcinoma. Ida Hartman. 65, 406 Landers, coronary occlusion. James Hathaway. 55, city hospitla, chronic nephritis. John Powell. 75. 1937 South State, lobar pneumonia. Harry Fiddler, 63. city hospital, skull fracture. Leon A. Dill, 5, city hospital, broncho pneumonia. G. Maude Van Allen. 60. 2342 Cenral, carcinoma. Albert Potts. 73. 1230 East Fifty-second, acute uremia. Catherine Newbauer. 78. 1302 Finley, hypostatic pneumonia. Valentine Schneider. 78. 1255 Shelby, arterio sclerosis. Matthew Drane, 51. 835 Cleveland, lobar pneumonia. Emoline Isabell Cooper. 52, 720 North Illinois, cerebral hemorrhage, Marion Katherine Ray. 25. 1450% Woodlawn. pulmonary tuberculosis. Fire Reports MONDAY 7:17, 3006 Kenwood, residence, small loss. 7:18. 2145 Massachusetts, residence. $lO. 7.46. 2201 North New Jersey, residence. $6 8:10. 48 South Tremont, automobie. small loss. 8:24, 5000 Madison, automobile, small loss. 9:01, 26 to 30 North Senate, laundry, no loss. 9:45. 930 East Thirty-third, residence, no loss. 10:02, 2233 Hillside, factory, small loss. 10:13, 206 North Sheffield residence. $25. 10:16, 1905 South High School road, Ben Davis. SIOO. 11:09. 314 West Vermont, residence, S2OO. 11:12. 1410 to 1412 East Minnesota, residence. $lO. 11:40. 2023 North Delaware, residence. SSO. 12:52 p. m„ 2419 East Tenth, residence, no loss. 1:32. 217 East North, apartment, small loss. 2:22. 5407 East Tenth, residence. S3OO. 3:22, 1660 North Arsenal, residence. $5. 4:10, 812 Chadwick, residence. $lO. 5:11. 354 West Thirtieth, garage and automobile, small loss. 6:03, 1204 Evison, residence, no loss. 6 47, 928 North Central court, residence, small loss. 1012. 1105 West Twenty-seventh, residence small loss 11:12. Meridian and Bluff road, automobile. small loss 11:29. 1314 South Pershing, residence. $25. 11:35 701 North Liberty, restaurant. *25. NEW YORK RAW SUGAR FUTURES —Jan. 29 High. Low. Close. January ... 1.65 March 1.47 1 45 1 46 Mav 1 52 1.50 1 51 Julv 1.57 1.54 1 55 September 1.60 1 58 1.60 December ... ... 1.65

I Chicago Stocks | ■By Abbott. Hopptn & Cos. i TOTAL SALES 91.000 SHARES —Jan. 29 High. Low. Close. Abbott Lab 43% Acme Steel Cos 39 38% 39 Advance Aluminum ... 4 1 a S’* 4 Allied Products 17 1 2 16'. 17 1 j Am Pub Serv pfd 9'a 8% 9‘a Asbestos Mfg 3% 3'* 3% Bastian-Blessin? 7% 7‘g 7'. Bendix Aviation 22% 21% 22% Binks Mfg 2 Borg-Warner 27 26 26% Brown Fence & Wire B 2% E L Bruce Cos ... 12' a Butler Bros 8% 7% B‘a Cent 111 Pub Serv pfd.. 18% 18 IS 3 . Cent <fc So West 1% Cent &So West pfd... 14% 13% 14 1 a Chi & North Western.. 10% 10% 10% Chi City & Con Rys .... ... % Chicago Corp Com 3% 3% 3% Chicago Corp pfd 29% 28 28% Cities Service 3% 33% Commonweal'll Edison.. 56 55% 55% Cord Corp 7% 7% 7% Crane Cos 10% 10% 10% Curtis Lighting 62 Dexter Cos 6% 4% 6 Electric Household ... 12% 11% 12% Gen Household Ut 9 8% 8% General Candv Corp ... 18 Goldblatt Bros 30% 30 30% Great Lakes Aircraft... 1% 1 1 Great Lakes Dredge... 20% 20% 20 s Grigsbv-Grunow % % % Hall Printing 7 6% 6% Hibbard Snencer B & Cos . ... ’9 Houdaille-Hershev A... 22% 18% 22% Houdaille-Hershev 8... 6% 6% 6% Ind Pneu Tool 21 19% 21 Jefferson Elec ... 13% Ken-Rad Tbue A- Lamp 5 4 5 Kentucky Ut Jr Cum pfd 21 Lawbeck Corn 6% pfd 22% Libbv-McNeil 5% 5% 5% Lindsav Nunn Pub ... 1% Lion Oil Refining Cos 5% Loudor. Packing ... 17 Lvnch Corn 33% Mapes Cons Mfg Cos .. 33 Marshall Field 17% 16% 17% McWilliams Dredging Cos 25% 23 25% Meadows Mfg Cos., com % Merchants <fc Mfs. ’A' 1% Mickelberrq’s Food Prod 3 Middle West Utilities. % % % Mid W Util 6 % pfd A 1% Midland United 'a Muskegon oMort Spec A 13% 13 13% National-Standard ... 25 Noblitt-Sparks Ind. Inc 14 13% 14 N Am Light & Power 3% N W Bancorporation.. .. ... 6% Oshkosh Overall 4% 4% 4% Penn Gas & Elec 11% 10% 10% Prima Cos 11% 11 11% Public Service 18 Public Service N P. .. 18% 18 18% Public Service 6 % pfd 54 Quaker Oats 119 Rth Packing 24% Raytheon V T C 3% 2% 3% Reliance Mfg Cos 16% 16M 16% Reliance Mfg pfd ... 90 Rverson & Son ... 17% Stutz Motor C Cos of Am 9% 8% 9% Swift &Cos 17% 17 17% Swift Internacional .. 29% 29 29% Thompson. J R 9 8% 9 Utility & Ind 1V 4 Utility & Ind pfd 32% 2% Vortex Cup Cos ... 8% Wahl 2% 2 2% Walgreen Cos com 21% 21% 21% Ward. Montgomery A . 100 99 100 Wavne Pump com ... 1% Wisconsin Bankshares 3% Yates Machine Zenith Radio 3% 33

Indianapolis Cash Grain

—Jan. 29 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b, shipping point, basis 41 % New York rate, were: Wheat—Strong; No. 1 red. 8889 c; No. 2 red. 87®88c; No. 2 hard, 8788 c. Corn—Steady; No. 3 white, 43®>44c: No. 4 white. 42@43c; No. 3 yellow, 42® 43c: No. 4 yellow, 41©42c: No. 3 mixed, 41 @42c; No. 4 mixed, 40®41c. Oats—Firm; No. 2 white, 34%@35%c: No. 3 white, 33%®34%c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) —Steady; No. 1 timothy, $7.50©8; No. 2 timothy, [email protected]. —lnspections Wheat—No. 1 red, 2 cars; No. 2 red. 3 cars: No. 3 red. 1 car: No. 4 red, 1 car: No. 1 hard. 1 car: No. 2 hard. 2 cars: No. 2 mixed, 1 car; sample, 1 car. Total, 12 cars. Corn—No. 2 white. 1 car: No. 3 white, 2 cars; No. 4 white. 3 cars; No. 2 yellow. 12 cars; No. 3 vellow. 16 cars; No. 4 yellow, 18 cars; No. 6 vellow, 1 car; No. 3 mixed. 1 car. Total. 54 cars. Oats—No. 2 white, 11 cars; No. 3 white. 5 cars. Total, 16 cars. Rye—No. 2, 5 cars. Total. 5 cars.

Produce Markets

Delivered in Indianapolis prices—Hens, lO'/ic; Leghorn hens, 7v 2 c; heavy springers over 5 lbs., 11c; under 5 lbs., 9c; Leghorn springers. 7c; stags, 8c; Leghorn stags, 6c; cocks, 5 iJs. and up sc; under 5 lbs.. 4c;v ducks, 4% lbs. 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 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 full eggs case must weigh 55 lbs. gross: a deduction of 10c a pound for each pour.d under 55 lbs. will be made. Butter—No. 1 24® 25c; No. 2 21® 22c. Butterfat—l7c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. Jan. 30.—Eggs Market, steady; receipts. 9,320 cases: extra firsts, 20%c; fresh graded firsts. 20'/ 4 c; dirties. 17c: current receipts. 18%c; checks. 17c. Butter—Market, steady: receipts. 10.054 tubs; storage extras .92 score. 20c; storage standards, 90 score. 20c; extra firsts. 90-91 %c score. 21®21%c: extras, 90 score. 22c; firsts. 88®89'/2 score. 20®20%c: seconds, 86® 87*2 score, 19c: standards, 90 score. 21%c: specials, 22'/ 4 ®23c. Poultry —Market, firm; receipts. 28 trucks; turkeys, 15c; hens. 13c; Leghorn, 10c: colored springs. 13%c; old roosters, V/tc: ducks, 11® 14c; geese. 10c; rocks. 11c. CheeseTwins. 12%®12%c: Longhorns, 12%® 13%c: Daisies, 12%®. 13*/ 4 c. Potatoes—No trading on account ot continued cold weather; operators not opening cars; prices nominally unchanged: shipments. 551; arrivals. 85; on track, 387. NEW YORK. Jan. 30.—Potatoes—Firm; Long Island. $1.15© 2.50 per bbl.; state. $1.40® 1.80 per bbl.: Maine, $1.15® 3.70 per bbl.: Idaho, $2®2.50 per sack; Bermuda. $5.50® 7.50 per bbl.; Canada. $2.15® 2.20 per bbl.; sweet potatoes, firm: Jersey, basket. 40c®1.50; Southern, basket. 50c® 1.20. Flour—Quiet and firmer; springs, patents $6 65® 6.80 per sack. Pork—Steady; mess. $18.50 per bbl. Dressed poultry— Steady; turkeys. 16®26c; chickens, 9®)25c; broilers, 13® 32c: capons, 18® 31c; fowls. 11® 16c; ducks. ll14c; Long Island ducks. 15%® 16c. Live poultry—Fairly active and easy; geese. 9©l4c: turkeys. 17®20c; roosters. 8c: ducks, 8® 14c; fowls. 13® 16c; chickens. 10®21c: capons. 16® 20c; broilers, 10® 23c. Cheese —Firmer; State whole milk flats. 1933. 1617 c: young America, 14% ® 14%c. Butter—Receipts, 13,563 pkgs.; market firm: creamery, higher than extras. 23®23%c; extra. 92 score. 22%c; first. 90 to 91 score. 22%c: first. 88 to 89 score, 21%®22%c: seconds. 20®21c: centralized, 90 score. 22%c: centralized. 88 to 39 score. 21%®22%c: centralized. 84 to 87 score. 20® 21c. Eggs—Receipts. 19.53 cases; market. firmer; special packs, including unusual hennery selections. 25®25%c; standard.s 24%c; firsts. 23*2® 24c; mediums. 22% ®22%c; dirties, 22%®22%c; checks, 21®, 21 Vic. GAME DIVISION PUTS OUT NEW MAGAZINE Outdoor Indiana, Official Publication, Replaces Bulletins. Outdoor Indiana is the title of a new monthly magazine published by the state conservation department, first issue of which is out this week. It carries a cover with a birdseye view of Pokagon state park and fs illustrated throughout. The magazine will take the place of bulletins formerly issued from the lands and waters, forestry and entomology divisions, it was explained. Editor is James H. Vandenbark of the department and associate editors are Marc C. Waggener and Blodgett E. Brennan. NRA CODE FOLLOWERS TO GET BLACK EAGLE Darker Bird Distinctive Mark for Recovery Supporters. WASHINGTON. Jan. 30. —A black eagle is about to com? to the aid of the blue eagle of NRA. An exact replica of the familiar emblem. with code and serial numbers for each industry and manufacturer, has been prepared for approval of NRA Administrator Hugh Johnson. The black eagle is to follow the blue, being awarded to those industries where codes have been completed. The use of serial and code numbers will give each manufacturer an individual mark of identification for his goods.

Tar sy mt

FUTURES GAIN FRACTIUNS ON BULLISH NEWS Favorable Crop Reports Encourage Traders: Cotton Strong. BY HARMAN W. NICHOLS United Prei* Staff Correspondent CHICAGO. Jan. 30. Routine news of a bullish nature attracted buyers to the wheat pit at the opening of the Board of Trade today and all grain prices advanced fractionally over yesterday's finish. Wheat deliveries were % to *t cent higher, corn was up % to 'j cent, and oats were % cent higher. Strength in cotton and stocks stimulated activity in grains. The trade was further encouraged by the probability of inflation and by the continued bullish crop news from the southwest. Most encouraging in the wheat market was the increase in outside orders, noted particularly in the late trading yesterday The trade has felt for some time that there was sufficient constructive news and that an advancing trend could be maintained if outside interest increased. The severe cold weather brings a threat to the crop in sections where it has been progressing satisfactorily, and moisture conditions in the southwest have not been relieved. Chicago Primary Receipts —Jan. 29 —Bushels— Today. Last week. Wheat 600.090 617.000 Com 851 000 1.106 000 oats 170.000 237.000 Chicago Futures Range ' —Jan. 30— Prev. WHEAT— High. Low. 10:00 close. Mav 93% .92% .93% .92% Julv 91% .91% .91% .90% Sept 92% .921/2 .92% .92% CORN— May 53% .53 .53% .52% Julv 55% .54% .54% .54% Sept 56% .56% .56% .56% OATS— Mav 38% .38% .38% .38% Julv 38% .37% .37% .37% Sept 37% .37% .37% .37 RYE— May 63% .63% .63% .62% July 63% .63% .63% .63% BARLEY— Mav 53% 52% July 53 CHICAGO CASH GRAIN By United, Press CHICAGO, Jan. 29.—Cash grain: Wheat —No. 2 red, 91%c; No. 2 hard. 91%®92%c; No. 2 hard smutty. 90tic. Corn (new) No. 3 mixed. 50c; No. 4 mixed. 49%e: No. 5 mixed. 48c; No. 2 yellow. 50%®> 51 %c: No. 3 yellow. 49'. 4 ©so'%c; No. 4 yellow. 49® 49%c; No. 6 yellow. 45c; No. 3 white, 5050 c No. 4 white. 50'ic; sample grade white, 35® 42c; (old and new) No. 2 mixed, 51%c; No. 2 yellow. 51%c; No. 4 yellow, 50%c: No. 3 white. 51 Vic. Oats— No. 2 white, 37%®38%c; No. 3 white. 37%®38c: No. 4 white. 37c. Rve—No sales. Barley—4B® 79c; quotable. 48®82c. Timothy—s6,7s7. Cloverseed—sll®l3. Cash provisions: Lard. $5.65; loose. $4.95; leaf. $5.00; bellies. $6.80. TOLEDO CASH GRAIN By United Press TOLEDO, an. 29.—Grain close: (Grain in elevators, transit billings)—Wheat— No. 2 red. 95®96c; No. 1 red. l%c premium. Corn —No. 2 vellow, 55%®56%c. Oats —No. 2 white. 42®43c. Rye—No. 2. 68%®69%c. (Track prices. 28'-c rates). Wheat—No. 1 red. 91 %® 92c: No. 2 red. 90%®91%c. Corn—No. 2 yellow. 51®52%c; No. 3 yellow, 49%®61%: No. 4 yellow. 48 ®49c; No. 5 vellow. 46%®47%c. Oats— No. 2 white. 39®40%c: No. 3 white. 38%® 40c. Toledo seed close: Clover—March. $8.25. Alsike—Cash. $8.50. INDIANAPOLIS WAGON WHEAT Citv grain elevation are pylng 86 cents lor So. 2 soft red wneat. Other trades on their merits. NEW YORK CASH GRAIN By United Press NEW YORK. Jan. 29—Cash grain: Wheat—No. 2 red. $1.09%; No. 2 hard winter. $1.09%. Corn—No. 2 mixed, 61c. 'Oats—No. 3 white, 48%c. ST. LOUIS CASH GRAIN By United Press ST. LOUIS. Jan. 29.—Cash grain; Wheat in good demand. % to lc higher on red and 2V> c higher on hard; No. 2 red, 93® 94c, nominal: No. 3 red. 92c; No. 2 2 red garlickv, 89®91 Vic; No. 3 red garheky, 88c; No. 2 hard. 93, nominal; No. 5 hard, 87%c; No. 2 mixed. 91 %c. Corn in fair demand, tone steady; No. 2 mixed, 50c: No. 6 mixed. 47c; No. 2 yellow, 50® 50%c; No. 3 vellow. 49%c: No. 4 yellow. 49%c; No. 2 white, 51c. Oats in fair demand, tone steady; No. 2 white. soc; No. 3 white. 38%c: No. 4 white. 38%c; No. 1 mixed. 40c; No. 2 mixed, 39%®.40c. Report of the condition of the South Park Saving & Loan Association of Indianapolis, Marion County, Indiana, at the close of business on Dec. 31, 1933. RESOURCES Cash on hand and due from banks 1,983 83 Mortgage Loans 110,000.00 Stock or pass book loans 1.650.00 Other real estate —book value.. 2 091 51 Real estate sold on contract.... 2,700 00 Furniture and fixtures 250 00 Total $118,675.33 LIABILITIES Book value of installment shares $ 53,670 44 Book value of loan shares 30.814 97 Book value of paid up shares... 23.600 00 Borrowed money (individuals) .. 5,300 00 Contingent fund 3,000 00 Undivided profits 2,289 92 Total $118.675 33 State of Indiana, County of Marion, ss: We. the undersigned officers and directors of the South Park Saving & Loan Association, of Indianapolis. Indiana, do solemnly swear that the above statement is true. ALBERT J. REBENTISCH, President. bHRISTIAN J. EMHARDT. Secretary. WILLIAM J. DUDLEY, Director. ALFRED J. ROST. Director. JOHN W. EMHARDT. Director. Subscribed to and sworn before me this 29th day of January, 1934. My commission expires Jan. 13, 1935. ADOLPH G. EMHARDT, Notary Public. Report of the condition of the Anchor Savings & Loan Association of Indianapolis, Marion County, Indiana, at the close of business on Dec. 31, 1933. RESOURCES Cash on hand and due from banks $ 3.26127 Other Bonds Owned 756 44 Mortgage Loans 59.450 00 Other real estate —book value.. 2.373 35 Total $ 65.846 08 LIABILITIES Book value of Installment shares! 47.663.12 Book value of loan shares 13,077 99 Contingent fund 1.600 00 Undivided profits 3,505.85 Total $ 65 846 08 State of Indiana, County of Marion, ss: We. the undersigned officers and directors of the Anchor Savings & Loan Association. of Indianapolis. Indiana, do solemnly swear that the above statement is true. GEORGE W. MICHAEL IS President. ADOLPH G. EMHARDT, Secretary. HENRY G. REGER. Director. ALFRED A REGER, Director. JOHN A. HUGG, Director. Subscribed to and sworn before me this 29th day of January, 1934. My 1 Commission expires Dec. 17, 1934. CHRISTIAN J. EMHARDT, Notary Public.