Indianapolis Times, Volume 45, Number 231, Indianapolis, Marion County, 5 February 1934 — Page 14

PAGE 14

President's Gold Order Gets Wall Street Traders All Confused —Some Are Disappointed. RALPH HEN DBM HOT Tint* Sprelal FininrUl Writer It was rather obvious by the close of a certain day last week that President Roosevelt and his Brain Trust had slipped something over on the boys in the financial district. The rank and file of people in the Street, who make or break the market*, Just could not follow the Chief Executives currency stabilization order. It was completely over their heads. They had been hearing for weeks that the President should stabilize the currency at some fixed level, and they had taken occasion to oass the word along to their friends and associates without exactly knowing why.

Consequently, when he finally did fix a definite value they were confident that the markets would literally boom. This confidence was based largely on hunches, however, rather than on something they actually could put their fingers on or analyze. When the markets opened after the President's action the "brass hats." 3long with the regular workers, were down on the job. All were filled with exceptions of something unusual in the way of market fireworks The dollar had been reduced drastically in value, and this, they thought and had been telling one another, would bring about sensational advances. a a a Try Hard to Play Safe But it was obvious soon after the opening that each one was expecting the other fellow to bt courageous and to buy stocks with the utmost confidence. And each one wanted to play safe by taking profits made possible by the other fellows enthusiasm. Con-

£

Ralph Hendrrshot

sequently. after opening higher, the market sagged back around the end of the first half hour And after lecovering to above the early morning highs it slumped again just before the close. It is impossible to get an accurate picture of performances on the New York Stock Exchange because of the exclusiveness of that ciub. But the ticker told the story rather well. And over on the New York Cotton Exchange the entire scene was laid down before those in attendance. Big traders would rush in and buy several hundred bales of cotton, but in a few minutes they would rush back in and sell. They had lost their confidence in the meantime. It was generally agreed in brokerage circles after the close that the market's performance had been rather disappointing in view of the importance of the news. It should be remembered, however, that the news caught the market in a rather weakened technical position. Prices had been advancing steadily for a week or more, and averages were approaching the highs of last July. Normally previous highs constitute important resistance points in a bull movement. nun a a a Market Sponsors Uncertain Moreover, sponsors of the advance, including a few pool operators, were a little uncertain as to what course to follow. Should they sell out on this burst of enthusiasm, taking their profits but running the risk of losing their markets, or should they buy on balance, with the idea of helping the movement along? Would they be called to task later on for tjie things they might do? The answers to those questions were changed several times during the course of the day, accounting, no doubt, for the many swells of buying and selling which were noted in the ticker action. With all the confusion of cross-purpose activities traders wanted to be bullish. Not infrequently they professed to be very optimistic, w'hile at the same time placing selling orders. *They wanted to sit tight for a pull, but they wanted at the same time to take some of the profits they had built up. But at the bottom of it all was the fact that they were not quite sure whether the Roosevelt order would prove as important as they had led themselves to believe It was a case of attempting to forcast the effects of a highly important but also a highly technical and elusive development.

New York Stocks ■ 'Bt Abbott Hoppin <sr Cos.)

—Feb. 5 Prev. Oil*— High Low. 10 30 close. A™£da > *'* 3*>, 34 J AM Rfg 84 • 34 * ?i 2 9< Barnsdall } 4 137. Consol Oil 1 20' Cont of Uel “is. s' Mid Cont Pet.. . 44 }?, Ohio OH 45 l5 * J 4 , 2 {4 ph.nfp 0 s rp pet. 4812 ?• \\% Z'Aicn w: :: ::: *■?. Sbd Oil ••• 34 2 10’, Shelley Oil 191" 19* 80c Vac • 42 42 |o of c *i ;; 48 j 8 Oof N 60 1 2 Sun Oil 28 3 Texas Corp nt* Mills. 27 26’. 27 NH B’th Pteel 48 * 48 4 3?.;333.0 3 . Bvers AM.. 6 3 b Col Fuel At Iron '29 3 28-** Cruc Steel 47 471, Inland Steel 171, Ludlum Steel . S7 jg 56 3 Natl Steel 38 31 2 r 204 Rep I A S 524 Rep I & S 109 1084 U s Smelt ■ 28 , 28 3 264 Vanadium 28 4 lg 18 Mid Steel jjti il>* Sheel Un • 44,. '99 29'* 29 U S Pipe Si Fdv 29 * g 9 3< 57 3 4 u S Steel .... =8 3O 97 954 U S Steel pW-. •• •„(. 3014 30 Youngstn SAT 30'* Rails— 7314 72 Atchison t: uij- 51 49'. Atl Cst Line... 51 w * 34 334 B A O •" 16*4 16 5 Can Pac 45-, 454 Ch A Ohio_. 54 Chi AOt W .- ’ gl - 84 8 s CMA St P . 8* 12J 124 C M PP • 144 144 1 45 . I® J Chi R I*l-•• 9 84 Chi RI J ' P ,d 72 714 Dela A Hud , ’341, 24 3 24 Erie ■• ■ ■• • 24 4 314 314 Grt Northjrn 377, 37 3 * 111 Central.. 604 STkVt*. .v. ' l4 ' ' l t'\ 'U Mo Pac g’ 8 3 Mo Par pfd ... -ft. 44,, 434 N y Ceni. . . ■ 44 44 " 23 N Y Chi A St L • 30 29 NYCASt Lp 30 - 4 n , 3 23 N Y New Haven 23S ® r * - 114 N Y Ont A Wes 33’. 33 v, Nor Pac 33* 3g7g 3glg Fenr. R R 54 Reading 331, 334 324 Sou Pac £3H Sou HR ■■ ••• 36 4 39 1 4 Sou R R pld • • •• 129*2 Union Pac * . 4 3 Wabash 12 5 West Mary l Motors — ... VP. 56 4 54 4 Auburn J,* 59 3 * 584 Chrysler ft* Jp* 41V 414 Gen Motors 41 a 4 Graham Mot 234 Hudson gi a 64 Hupp , '• •*' 394 38 3 4 Mack Truck 314 Packard „ 4 5 . Reo ... 7 7 Studebaker 64 64 Velio* Truck Motor Access— _. 2J 334 Bendix 12 „3 634 Bohn Alum • - •' 28 4 28 Borg Warner 17 j 4 i i i 4 Briggs 5 54 Bucd Wheel ... ■■ • jar 191, Eaton Mia 49,2 ia • At • 27 , 4 Elec Auto Lite gi 4 6 i 4 Houd A *• V ’ 104 10 Mullins Mlg ... ■ 10 j 10 t 104 Murray Body ... 10'* u lO Stew Warner 39 Timken Mining— 224 Alaska Jun ' 4s v Jsij 45 Am Smelt 45 ’ 2 454 , 2 171 , Anaconda 6 Cal A Hecla ••• 36 351, Cerro de Pasco.. .. % ll'- 11’* Grar.bv 13>4 134 Gt Nor Ore 37 36 , Home Sound 64 Ins Copper 23 , 8 3 24 Int Nickel 26 Tsl Creek Coal 22 i a Kennecott Cop . 1•' ■-- < 34 , 2 Norarda 174 preips Dodge... ’•** 14 c Tooaccos — 53 Am Snuff • * 184 Am Sum g 0 Am Tob A >2 814 Am Tob B 34 34 Gen Cigar 934 Leg A M-ers B . ••• • 19 Lornllard ... _ 42 ! a 43 Re% nold? Tob B . • •• • Iquiproent* — , >2 x a Allis Chalmers 3 1 i 2 Am Car A 3g 36 Am Loco ,a 19 Am Mach A Fdv . ■ • 254 Am S-eel Fdv. 254 *54 25 a 2 Bald Loco 15 i 15 ‘ * lg i 4 Case J I 83 4 Cater Tract "Sj* Co.gst Palm Peet 13 Congoleum * 8 * r® 4 Elec St or Bat Foster Wheeler 38 • ** 2 Gen Am Tank C ••• Gen Elec . 24 4 2-a 3*4 ; 4 Ingsol Rand -3 J 3 Int Harvester 44 ■ 43 Kelvin at OT ••• loa Natl Cash Reg 334 33 4 324 224 Proc A Gamble .... 394 Pullman Inc 52 4 58 584 5.-* Simmons Bed 22-* 22. 344 Westinfh Elec 454 454 454 *4' Worthington P 304 Am * A U Ftor Pr .. ... 114 114 Am Po A Ut 164 9 * AT&T • 121 J 120 Am Wat Wks 25 x , 25 25‘a 24^ Brook Un Gas .. •* ,‘* s Col Oas A Elec 174 17 i74 164 Col O * E pfd 73 ... Com A Sou 2 • 24 2 2 • Consol Gas ... 4 5H 44 * Elec Pwr A Lit. 7 3 * .4 <4 *4 E P A L pfd . .. }4 ... Int TA T .... 174 174 1.4 1.4 Lou O A E A }9 > Nat Pwr A Lit 12 a North Amr ... *1 ■ 264 P*e Ct A W 2C4 204 204 20 Ptib er N J ®24 44 So Cs! Ediaon 204 204 S*d Gas 1 4J J 4 4 Uo.tcd Corp 74 74

Wall Street

Un Gas Imp ... 18% 18% Ut Pwr & Lit A 4% 4% Western Union.. 63% 63% 63% 61% Rubber*— Firestone 22% Goodrich 17 16% Goodyear ... 39% 39% U S Rubber 19% 19% U S Rubber pfd 36% 35% Kelly Spring ... 4 3% 4 4 Amusements— Crosley Radio 13% Fox Thea 17 % 16% 17 17 Loews Inc 32% 31% 31% 30% Radio Corp 8% 8% 8% B'* RKO 3% 3% Warner Bros 8 7% Foods— Am Sugar 59% 60 Armour A 5% 5*4 Beatrice Cream 18 17 Borden Prod ... 26% 26% 26% 26% Cal Packing 25% Canada Dry G A 23% 28 Coca Cola . .103% 102*4 103% Cont Bak A 13 12% Corn Prod 80% 80% Crm of Wheat .. 34** 34% 34% 34% Gen Foods 36 % 36 Gold Dust .. 21% 21% G W Sugar 34% 34 34% 33% Hershey 55 Int Salt J" 24% Loose Wiles ... '46% 40% Natl Biscuit 44% 44 44% 44 ‘ Natl D Prod . . 17 16% Purity Bak 18% 175. S Porto Rico Sug 38% Std Brands 24% 24% 24% 24% United Fruit ... il 8 Ward Bak A 10% Retail Stores— Ass Dry Goods 17 Best & Cos " 31 Gimbel Bros ... 6 6 Gimbel pfd 28 Gr Un Tea 8% B*4 ‘'s% 8% Hahn Dept Sts. .. ... 7% 71! Jewel Tea 47 4*3 Kresge S S 22 % 21% Kroger Groc 29% 29% Mary May Dep: St 393, 337 Mont Ward 34% 33 7 * 33% 32 7 J Penny J C 62% 62% Safeway St 55 53% Sears Roebuck.. .. ... . 497 Wool worth 52% Aviation— Aviation Corp . g% 97 Douglass Air 25% Curtiss Wright 4% 45. Curtiss Wr A . 9% 9% 93 4 93, Nor Am Av 73 75 United Aircraft. .. ...' 34', 35% Chemicals— Air Reduction.. .. .. 103 Allied Chem 156 154% Am Com Alcohol 59 58% 59 59* 4 Col Carbon . gg Com Solvents .. 35% 35 '35% 34'* Dupont 103% 103 103% 102% F: eeport Tex 46 ■ Liquid Carb 311, Math Alkali ... 38% 38% Tex Gulf Sulph. 39% 39% 39% 30% Union Carbide 49% 49** 49% 49 j u s Ind Alcohol 62% 62% 62% 61% (Nat Dist mew). 31 30% 30% 30% Drug's— ICoty Inc 8% 8% 8% 8 r. % ••• 313 3 7 31 3 0‘ Lehn Ar Fink ... 20 Zonue Prod 7* 7% Financial— * A an js Exjv 11% 11% u% nl4 .Allegheny Corp 51, 5 Chesa Corp .46 45 46 44% Transamerica ... s 8 t Tr Conti Corp g*4 6% Building— Am Radiator ... 17 17 Gen Asphalt 20% jq*, 20% 20% Int Cement 36% 36% 36% 35% Johns ManviUe.. .. 155% 64% Libby Owens Gls 42 41 % 42 41% Otis Elev 19 Ulen Const 3% ’3% '3% 3% Miscellaneous— Am Bank Note. 21 Amer Can ioi% 101 Anchor Cap ... 23% Brklyn Man Tr 33% 34 Conti Can ... 77% Eastman Kodak 9i% 91% Owens Bottle ... ... 90% Gillette .. ii% n% Giiriden 20% 20 20% 19% Gotham Silk * n Indus Rnvon. ... 91% Inter Rapid Tr i6% Real Silk Hose 12% New York Curb By Abbott. Hoppin & Cos. —Feb. 3 Close • Close. Allied Mills ... 9 Gulf Oil of Pa 74 Am Beverage 2% Hiram Walker. 52 Am Cyanide B 19% Hud Bay Mm. 10 Am G Ar El 30 Humble Oil 40% Am Superpower 3% Imperial Oil Ltd 14 Ass ® * E 1... 1% Int Petrol .. .23 Atlas Corp . . 15% Lake Shore Min 43% Can Ind Tic A. 16% Libbv McN Libby 4% Can Marc 2% Lone S:ar Gas 7** Carrier Com . 7% Mt Producers .. 5 ; Cities Serv 3% Natl Bell Hess. 2% Com'wealth Ed. 58% Newmont Mm .. 54% Cord Corp 8% N:a Hud Pwr . 8 Deere A* Cos 33%Novadel Ager.e. 64% Distill Lim ... 20*. Penn Road 4% Distill Com .. 22% St Reg Paper.. 4% Dow Chem 75% Sherwin Wms . 66 El Bnd A- Sh. . 19% Std of Ind .... 31% F.sk Rubber 14% Std of Kv 17*. Ford of Can A 24* 4 Teck Hugh Gold 6 Ford of Europe 6% Un PA- Lt A 4% Ger. Avia ... 8% Wright Har Min 7 3!en Alden Coal 15%

Federal Farm Loan Bonds

■Bv Blyth & Cos.. Inc. 1 —Feb 3Bid. Ask 4s Nov. 1. 1957-37 93 3 4 95 4s Mav 1. 1958-38 93 3 4 95 4s July 1 1955-36 9495-a 4ts Jan. 1 1957-37 94 1 , 95i 2 4>s May 1 1957-37 94- 4 95‘a 4 1 ,s Nov 1 1958-38 94‘ 95*a 4’js Mav 1. 1942-32 97 98 l 4’as Jan. 1. 1943-33 97 98‘. 4’ ; s Jan 1 1953-33 95’, 96", 4’.-s July 1. 1936-3? 95 3 , 96 3 * 4'as Jan. 1. 1955-35 95 3 4 96 1 4'aS July 1. 1955-35 95 3 < 96c. 4’.-s Jan 1. 1956-36 97 98>, 4 3 4S Jan. 1 1954-34 97 98>* 4’,s July 1 1934-34 97 98 5s Mav 1. 1941-31 99> 3 100 3 5s Nov 1 1941-31 99 ‘s 100'* Ho&e Loan 4s. July 1. 1951.. 98 98 3

STOCKS REACH HIGHEST MARKS IN TWOJEARS Dow-Jones Reports Best Industrial Average Since 1931.

Average Stock Prices

Average of thirty industrials for Saturday K.gh 109.96, low 108 18. close 109 41, up 1.10. Average of twenty rails: 52.04. 50 95. 51 85. up 81 Average of twenty utilities 28 51. 28 08. 28.40. up .25. Average of for’y bonds 90 85. up 19. Average of ten first rails 95 97. up .06 Average of ten second rails: 79.66, oft .03. Average of ten utilities: 94 92. up 28. Average of ten industrials: 92 86, up .46. BY ELMER C. WALZER, United Press Financial Editor NEW YORK, Feb. 5. Stocks, bonds, and commodities advanced today. Dow-Jones industrial average pushed into new high ground §ince 1931, and substantial gains were made by railroad and utility averages. All sections of the market moved higher after a strong and active opening. Buyers were attracted by last week's rise; a strong bond market; a relatively stabie dollar, and improvement in business reflected in stepup in automobile production, a 3-point rise in steel output, and sharp gains in wholesale and retail trade. At the outset large blocks of stock appeared on the tape. Utilities had a heavy turnover as did rails, motors, oils, chemicals, farm equipments, steels and textiles. Early trading was at a furious pace, the rate in the first hour being 6,000,000 shares for a full day or the largest session since the 9,000,000 share turnover on July 21, 1933. Stock after stock made new highs for the past tw’o years. Included in the group were Du Pont at 103 ts, up ®4; General Electric 24 3 4, up %; General Motors, 42, up 1 2 ; Hudson Motors, 24%, up 1%; International Harvester 46%, up 1%; Kresge 22 J 4, up ■%; Montgomery Ward 34%, up 1%; J. C. Penney, 64. up l’i. American Telephone spurted 3 points to 123 and other communications were in demand. Utilities generally moved ahead. New Highs for the year were made by Columbia Gas and Consolidated Gas. Oils were firm. Steel common reached 59%, up 1%, and anew high on the movement. Baldwin was strong in the tail equipments. Consolidated Oil, Loew's, United Corporation, International Telephone and Radio Corporation were among the most active issues, Loew’s topping the list.

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 5 Clearings $1,994,000.00 Debits 4,456,000.00

Treasury Statement

By United Press WASHINGTON. Feb. 5 —Government expenses and receipts of the current fiscal year to Feb. 2, compared with the corresponding period of the previous fiscal year: This vear. Last year. Expenses $3,627,515,505.63 $3,029,492,478.87 Receipts .$4,507,477,877.74 $1,151,357,892.96 Surplus . 879,962,372.11 $1,878,134,585.91 Cash Balance $4,346,336,228.87

U. S. Government Bonds

By United Press NEW YORK. Feb. 3.—Closing Liberties: (Decimals represent thirty-seconds) LIBERTY 3%s (32-47) 102.6 First 4%s (32-471 102.11 Fourth 4%s (33-381 102.30 TREASURY 4%s 3%s (45) 100.16 4%s (47-521 108.4 3%S (43-47) 100.28 3%s (41-43) March 1014 3**s (40-43) June 101.6 3%s 100.15 3%S (46-49) 99.5 3s (51-55) 97.20

Foreign Exchange

i (By Abbott, Hoppin & Cos.) —Feb. 3 Close. Sterling. England $4.92% Franc, France 0629% Lira. Italy 0839% Belgus. Belgium 2220 Mark. Germany 3800 Guilder. Holland 6415 Peseta. Spain 1298 Krone. Norway 2480 Krone. Denmark 2205

On Commission Row

—Feb. 5 Fruit* Cranberries—Cape Cod early blacks, 25lb. box, $2.25. Pears Washington A’Ajou. 90-ISSS. $2.50: Avacados. Fla.. 16-16s. crate. $1.50 Strawberries—Florida. 16c per pint. * Bananas—Per pound sc. Apples Wealthy. Wolf River. Grimes Golden. Jonathan. Florida. $1.50@2 a bu.: tarcv Stavmans. $2.25 a box. Grapefruit—S3.2s <7?. 3.75. Orange—California Navels. $3.50®4.25 a box. Vegetable* Cabbage Eastern Danish. 50-lb bag $1.50: new Texas. 50-lb. crate. $3. Onions—lndiana white. 50-lb. bag. $1.40: Indiana yellow. 50-lb. Bag. $1.59. Beans— Round stringless, hamper. $2.50. Beets—Bulk per bu. $1.15: Texas, new $1.75 a crate. Peas—3o-lb. hampers. $4. Carrots—California. $3 a crate: per doz.. 60c; bulk per bushel. $1.15. bushel. $1.15 Cauliflower—California <ll-12c). crate. $1.65. Celery Michigan Mammoth, dozen. 75c: medium bunch. 40c: hearts. $1 25: 18bunch per crte. $1.25; California. $2.75 a crate. Cucumbers—Hothouse. $1.40 per dozen. Lettuce —Iceberg, best i4-ssl, crate, $3.50 @3.75: hothouse. 10-lb. basket. 85c. Radishes—Hothouse button. 60c down. Spinach—New Texas. $1 per bu. Turnips—Per bu.. 85c Tomatoes—Florida. 30-lb. bag. $2.75. Potatoes —Northern round whites 100-lb. bag $2.35: R R Ohios 100-lb bag. $2 35: 15-lb bag 40c; Idaho Russets. 100-ib. bag. $2 75: Texas Triumphs, new. $2. 50-lb. bag P"eet Potatoes— Nancy Halls, per bu. $1 65. NEW TORK COFFEE FEATURES —Feb. 3 SANTOS - High. Low. xlose March 9 91 9 90 9.91 Mav 10.15 10 03 10.13 July 10.25 10.17 10.25 September 10.58 10.52 10.58 December 10.69 RIO March 7.59 7.37 7.59 Mav 7 75 7 57 7.75 July 7 90 7 72 7.90 September .... 8.00 December 8 10 COSMETICIANS TO MEET New Beauty Shop Appliances to Be Demonstrated. Indianapolis chapter. American Cosmeticians' Association, will meet at 8 tonight in the Lincoln to witness demonstrations of new appliances for beauty shops. Club to Open Activities The Busy Three Club, composed of members of West Side chapter. Royal Arch Masons; Indianapolis lodge. Free and accepted Masons, and Indianapolis chapter. Order of Eastern Star, will hold a card party Friday at 8 to open its activities for 1934. 4 i

THE INDIANAPOLIS TIMES

Bright Spots

Bt Aboott. HoDDtn Si Cos. Cream of Wheat Corporation report for 1933 shows earnings of $2.15 a share against $2.50 in 1932. New York Stock Exchange reports members’ collateral borrowings at the close of business Jan. 31 amounted to $903,074,507, an increase of $57,941,983 over the previous month. Report of Deere & Cos. for year ended Oct. 31, 1933, shows a net loss of $4,335,308 after payment of all charges against net loss of $5,167,104 in the previous year. Canadian carloadings last week totaled 40,171 cars, an increase of 8,734 cars over the like week of 1933. TAXI MEN REJECT LA GUARDIA TERMS Strikers and Mediator to Meet Owners. By United Press NEW YORK, Feb. 5-.—New York taxi drivers, in stormy all-night meetings, refused today to accept the terms personally mediated by Mayor Fiorello H. La Guardia under which the city’s taxicab service would have been restored at 7 a. m. Two meetings of drivers sent their “committee of thirteen" back to Morris L. Ernest, mediator appointed by Mayor La Guardia, and they will meet with committees representing the fleet owners at noon.

Produce Markets

Delivered in Indianapolis prices—Hens, lOV2C; Leghorn hens. 7 1, 2 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, 4Vi lbs. and over, full feathered and fat, 6c; under 4Vi 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. I'young toms over 20 lbs., 13c; old toms, 10c; No. 2 thin crooked breasted, 6c; young guineas, IV2 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 pound under 55 lbs. will be made. Butter—No. 1 24® 25c; No. 2 21®22q. Butterfat—l7c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. Feb. s.—Eggs—Market, weak; receipts. 13,303; extra firsts, 19c; fresh graded firsts, 18*2c; dirties. 15%c; current receipts. 16' 2 c; checks. 15%c. Butter — Market, steady; Receipts. 8,583; storage extras <92 scorei 21' 2 c; storage standards (90 scorei. 21%c: extra firsts (90-91% scorei. 22 %® 23c; extras r 92 score) 23%c; firsts (88 89% score). 21%(®22c: seconds (86-87*2 score), 20V2C; standards (90 scorei, 23%c. Poultry—Market, unsettled; receipts 34 trucks. 1 car, 1 car due: turkeys. 10(5; 15c; heavy hens. 12c; light hens. 13%c: Leghorns. 12c; old roosters. 8c; ducks. 11® 14c; geese. 11c; rock springs, 15c; colored springs. 14' 2 c. Cheese—Twins 13%®14c; longhorns, 14®14%c; daisies. 14@14%c. Potatoes—Supply heavy; demand and trading slow; market firm on northern, about steady on western grades: Wisconsin Round Whites, $1.90; commercials. $1.75® 1.77%; Minnesota Round Whites, $1.80; Idaho Russets, $2.10®2.20, combination grades, 51.90W1.95; shipments Saturday 813; Sunday. 23; arrivals. 169; on track, 435.

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 114.25 Cc.ke nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 6.50 Indiana, egg 100 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 5.25 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8.25 ! West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 60c a ton for wheeling coal, and $1 a ton for coal carried to j bta. GOLD"RESERVES AGAIN HIT NEW HIGH MARK Increase of 51,650,185.93 Reported Over Previous Figures. By I’nitrd Prr/iH WASHINGTON, Feb. s.—Gold reserves of the United States governI ment reached another all-time record high today at $7,019,914,111.63. This was a gain of $1,650,185.93 over the previous day when the government's gold reserves were re- ! valued at the new price of $35 per ! ounce. There was no explanation for the i source of the increased gold today, but it was understood most of it J came out of domestic hoards. JAPAN DUE TO BUY MORE CANADA WHEAT ! Short Crops in Australia and Manchuria Cause. | By United Press MONTREAL, Feb. s.—That Japan will be in the market for a greater | amount of Canadian wheat during the present year than for some time past, as a consequence of short crops in Australia and Manchuria, is the opinion expressed in a report just received from Trade Commis- j sioner Langley at Tokio. In ten months of 1933 Japan’s | imports of wheat from Canada ! amounted to 100,298 short tons, I compared with 406,000 tons from Australia. The total annual imports of wheat required by Japan | run from 700,000 to 850,000 tons. The trade commissioner says that last season’s crop in Manchuria was not up to expectations. WELDING CLASS BEGINS Y. M. C. A. Trade School to Open New Night Course. Anew course in welding will be started at 7:30 tomorrow night in | the Y. M. C. A. trade school, with j Russell Peursel, chief welder for the Indianapolis Power and Light Company, as instructor. The class will I meet two hours a night each Tuesday and Thursday for fourteen weeks. TAMALE VENDER ROBBED Negroes Threatened His Life and Took Money, Police Told. Clarence Tilley, 35, of 2226 Belle- j fontaine street, a hot tamalg vendor, told police his life was threatened j last night by two Negroes in the i 2100 block on Columbia avenue. Mr i Tilley said that he was thrown down | and a knife pressed against his body, while a small amount of money was taken. NEW YORK RAW SUGAR FUTURES —Feb. 3. High. Low. Close. January 1.76 March 1 62 1 98 1.62 Mav 1.65 1.63 1.65 i July 1 88 1 67 1.68 ! September 1.72 1 70 1.73 1 December 1.T7 1.76 1,76

PORKERS RISE 50 CENTS ON HEAVYBUYING Cattle Strong and Active; Veal Market Higher at $9.75 Down? Light receipts and heavy buying shot porker prices sharply 50 cents j higher than Saturday's average at j the Union Stockyards this morning. ! The government's new buying policy. totaling approximately 33,000 hogh daily throughout the country, is believed mostly responsible for the recent upturn. All classes were active and in demand during the initial trading. The bulk, 160 to 235 pounds, sold I for $4.60 to $4.75, while, heaviest kinds, weighing 235 pounds and up- | ward, were salable at $4.30 to $4.55. ! Smaller grades, 130 to 160 pounds, ( brought $4 to $4.50. light slaughter pigs scaling 100 to 130 pounds, sold at $2.50 to $3.50. Receipts were estimated at 4,000. Holdovers. 131. Practically all classes of slaughter steers in the cattle market were active and slightly higher than Saturday. Few other grades were | slow and prices remained around steady. Receipts were 500. Vealers advanced $0 cents, selling at $9.75 down. Receipts numbered 400. Initial lamb sales were active and strong to higher. Early trade developed slow and price trend was not established. Top was quoted at $9.75. Receipts were 1.000. Asking on hogs at Chicago was strong, with few early bids around steady at Friday's average. Receipts were estimated at 35,000, including 5,000 direct; holdovers 1,000. Cattle receipts were 14,000; calves, 2,000; market, strong. Sheep receipts numbered 15,000; market, strong. HOGS Jan. Bulk, Top. Receipts. 30. $3.60® 3.80 $3.85 9,000 31. 3.60(i 3.80 3.85 8,000 Feb. 1. 3.60® 3.80 3 85 4.000 2. 3.95® 4.15 4.15 5.000 3. 4.05® 4.25 4.25 2,000 5. 4.60® 4 75 4.75 4,000 Market, higher. (140-160) Good and choice.. .$ 4.25® 4.50 —Light Weights—-(l6o-180) Good and choice.... 4.65® 4.75 (180-200) Good and choice.... 4.65@ 4.75 —Medium Weights—-(2oo-220) Good and choice.... 4.65® 4.70 (200-250) Good and choice.... 4.55@ 4.65 —Heavy Weights—-(2so-290) Good and choice.... 4.45® 4.50 (290-350) Good and choice.... 4.35® 4.45 —Packing Sows—(3so down) Good 3.25® 3.50 (350 up) Good 300 ® 3.25 (All weights) Medium 2.75® 3.00 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50® 3.50 CATTLE Receipts, 500; market, higher. (1.050-1,100) Good and choice $ 5.75® 7.00 Common and medium 4.00® 5.75 (1.100-1,5001-Good and choice 5.25® 7.00 Common and medium 4.00® 5.25 (675-750) Good and choice 5.00® 6.25 Common and medium 3.00® 5.00 (750-9001 Good and choice 4.50® 6.00 Common and medium 2.75® 4.50 —Cows— Good 2.75® 3.25 Common and medium 2.25® 2.75 Low cutter and medium 1.25® 2.25 —Bulls (yearlings excludedi Good (beef steersi 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 400; market, higher. Good and choice $ 7.50® 8.00 Medium 5.00® 7.50 Cull and common 3.00® 5.00 —Calves—-(2so-500) Good and choice 3 50 ® 5.00 I Common and medium 2.00® 3.50 —Feeder and Stocker Cattle I—-(500-9001 Good and choice 3.75® 4.75 Common and medium 2.50® 75 (800-1,500) Good and choice 3.75® 4.75 Common and Medium 2.50® 3.75 SHEEP AND LAMBS Receipts, 1.000; market, higher. (90 lbs. down) Good & choice.s 9.25® 9.75 (90-110 Ibs.t Good and choice.. 9 00® 9.50 (90 lbs. down) Com. and med.. 6.25® 8.50 —Ewes— Good and choice 3.00® 4.00 Common and medium 1.50® 3.00

Other Livestock BY UNITED PRESS CHICAGO, Feb. s.—Hogs—Receipts, 35,000, including 5,000 directs; slow; steady to 10c lower than Friday's average; 170210 lbs., [email protected]; top, $4 35; 220-300 lbs. and most light lights. *3.50(&4.25; pigs, $302.75; bulk packing sows, $2,850 3.10; light lights, 140-160 lbs., good and choice, $3,250 4.25; light weight, 160-200 j lbs., good and choice, $404.35; medium I weights 200-250 lbs., good and choice,' i $3.700 4.35; heavy weights 250-350 lbs., i good and choice, $3.2503.80; packing sows, 275-550 lbs., medium and choice, $2,750 3.25: slaughter pigs, 100-130 lbs., good and choice, $2 0 3.50. Obt.tle—Receipts, 14,000: calves, receipts, 2,000; largely two-way market; yearlings and light steers,'steady to strong; medium and weighty steers slow, steady to weak; early top long yearlings, $7; other killers, strong to 25c higher: slaughter cattle and vealers: steers, 550-900 lbs., good and choice. $6.250 7.25; , 900-1,100 lbs., good and choice, $5.5007.25; ! 1100-1.300 lbs., good and choice, $57; 1.300-1.500 lbs., good and choice. $406.25: 550-1.300 lbs.. common and medium.' $3.50 0 5.50: heifers, 550-750 lbs., good and choice. $506.75; commoit and medium, $3.2505; cows, good, $3.2504; common and medium $2.6503.25; low cutter and cutter. $1.5002.75: bulls, yearlings excluded, j good beef, S3O 3.25; cutter, common and i medium. $2.250 3; vealers. good and choice, j S6O 7.50; medium. SSO 6; cull and common. ! sfos;,stocker and feeder cattle: steers, 550-1.050 lbs., good and choice, $3.500 5; | common and medium. $2.500 3.50. Sheep—- ! Receipts, 15,000; practically no early sales: ! asking higher; buyers taking steady; best | handiweight iambs, well above $9.85; sheep j scarce: feeding lambs, practically absent; I slaughter sheep and lambs: lambs 90 lbs. down, good and choice, $8.750 9 85; common and medium S7O 9; 90-98 lbs good I and cho'ce, $8.2509.75; ewes. 90-150 lbs ! eood and choice. $204.85; all weights, j common and medium $2.50 0 3.75. FT. WAYNE, Feb. s.—Hogs—lo to 30 i cents higher; 160-200 lbs.. $4.60: 200-250 i l^H^Ki 50 * 300 lbs • $4 n5: 300-350 lbs.. I $3.60; 150-160 lbs.. $3.80: 140-150 lbs., $3 60; i 130-140 lbs.. $3 25; 100130 lbs . $2.75 i roughs. $2.75: stags. $1.75. Calves—s7.so: ! western lambs, $9; native lambs. $8.50. PITTSBURGH, Feb. s.—Hogs—Receipts, i .800; holdovers, none: active. 25 to 40 | cents higher; 150-220 lbs.. $4.7504.90: top land bulk. $4.90; 220-250 lbs.. $4 500 4 75: 250 lbs. up. $4.250 4.50; 100-140 lbs. S3O I 3.75: lighter pigs down to $2.75: packing I sows. $3.50 down. Cattle—Receipts, 300; steers, about 25 cents higher: medium to good. $4.2505.65: several head up to s6' common doiyn to $3.25; heifers, steady. $4.50 down; cows and bulls, steady; medium to good bulls. $2.75 0 3.40; choice up to $3.50: good cows. $3 0 3.50; low cutters and cutters. $lO 2.25 Calves—Receipts. 250: steady; top and bulk vealers. $8.50. Sheep—Receipts. 500; fat lambs, *> cents higher: good and choice, mostly 59.750 1OOO; common to medium. $5.5008.50: sheep steady, $5 25 down: fat ewes. $4.25. CLEVELAND. Feb. s.—Cattle—Receipts. 750: market slow and 25 cents lower; choice, steers 750-1.100 lbs.. $6 75: 550900 lbs. SSO 6 900-1.200 lbs, SSO 6; heifers. 600-1.000 lbs.. $4.250 5.50; good COW'S, all weights. $2.500 3.25. Calves—Receipts 2.000: market, strong and 25 to 50 cents higher: finest wool lambs at highest level since 1920. bringing $lO per hundredweight. All sold early; choice wethers, S4O 5: medium -to good. S2O 3: choice spring • lambs. S9O 10: good to choice. SBO 9; med- ! I ium to good. S7O 8: common and culls $5 i 07. Hogs—Receipts, 1.800: market. 35 to j 50 cents higher to new 1934 top: receipts continue light and trading brisk: 250-300 I lbs.. $404.10; 220-250 lbs.. $4.500 4 60' I 180-210 lbs., $4.60; 150-180 lbs.. $4,60: pigs i $2 750 3. LAFAYETTE. Feb. 5 -*Jarket. 100 25c higher; 170-225 ib? . $4.1004.25: 225-250 lbs. $3 950 4 250-325 lbs., $3 800 3.90; 140170 lbs $3.700 4: vealers 100-150 lbs., S2O 2.50: roughs. $3.25 down; top calves. $7; top lambs, $7.50. By Times Speeinl LOUISVILLE. Feb. 5.--Cattle—Receipts. 700: slaughter classes in light supply, general quality only fair; market, moderately active, fully 25c higher than close last week or about steady with last Monday; bulk common to medium steers and heifers. $3 50 0 4.50, only a few well finished fed offerings eligible to $5 25 or better; bulk beef cows. $2.5003; top $3 50; low cutters and cutters. $1 250 2.25: bulk sausage bulls. $2.750 3.25: common to medium native Stockers and feeders. $2 500 3 50: well bred beef types. $4 50 0 4.75. Calves —Receipts. 600. including around 200 stock calves: vealers. steady to weak: bulk better grades S6O 6.50; strictly choice kinds, eligible $7; medium and lower grades. $5.50 down. Hogs—Receipts. 1.800 including 254 direct; weights from 170-210 lbs. 35c higher than Saturday or 50c higher than last Friday; other weights. 20c higher than Saturday or 35c higher than Friday; 170-210 lbs.. $4.75; 215-240 lbs $4 40; 245-270 Ibs.. $4 20: 275 lbs. up. $4 10; 140-165 lbs.. $4 10: 110-135 lbs.. $3 60 sows. $3 20: stags. *1.90. SheepReceipts. 50: fully steady: medium to good lambs mostly $6.5007.50: choice kinds, $8; bulk throw-out lambs, $4 50; fat ewes, mostly [email protected].

Chicago Stocks ” By Abbott. Hopple Sc Cos. —————

TOTAL SALES 80.000 SHARES —Feb. 3 High. Low. Close. ! Abbot Lab 47 46% 46% Acme Steel Cos 43% 43% 43% (Advance Aluminum .... 4% 3% l' I Allied Products 20% 20 20% I American Yvette ... ‘a Asbestos Mfg 3 7 i> 3*l 3% Bastin-Blessing 8% 7% 8 1 a Bendlx Aviation 22% 22 22% I Borg-Warner 28% 27 28 Brown Fence <fc Wire B ... 3% E L Bruce Cos 12% 11% 12 1 2 Butler Bros 8% 8% 8% Campbell W & C Found 14 Castle A M 20 Cent 111 Pub Serv pfd . 20' 4 19 19 Cent 111 Securities, com 8 Cent 111 Securities pfd. 10% 10 10% jCent Pub Serv Class A , ... % NEW BUYING POLICY AIDS PORK MARKET U. S. Purchases 33,000 Hogs Daily. By United Press WASHINGTON. Feb. s.—Government purchases of hogs for relief purposes now total about 33,000 j head daily as the result ol an ini creased buying policy inaugurated | late last week, A. B. Clark of the i federal surplus relief corporation j estimated. The new plan increased by 10.000 hogs the former average daily purchases of approximately 23,000 head. Secretary of Agriculture Wallace approved the buying plan. It was explained the 50-cent increase in the hog processing tax on Feb. 1 might not drive prices down. Clark said, however, that the government had no intention of booming prices, but merely was affording support to a crowded market. The provision for 10,000 head of additional purchases is flexih'e and can be nullified whenever it i; determined that sufficient relic A has been provided to the market, he explained. Awards to packers for processing the additional purchases were made Wednesday after a joint committee of representatives approved the program. Clark said the government had purchased about 8,000,000 pounds of commercial pork cuts and about 10,000,000 pounds of lard. CWA WORKER KILLS WIFE IN DANCE HALL Three Others Shot as Crazed Man Fires Volley at Crowd. By United Press AKRON, 0., Feb. 5. —A 41-year-old mother of three children was dead today and three other persons were suffering gunshot wounds as the result of a wild shooting orgy by a crazed CWA employe at a crowded dance hall here last night. The dead woman was Mrs. Mary Nemith, estranged wife of the gun wielder, Guza Nemith, 59. More than 200 persons were dancing at the Magyar Club hall, when Nemith, enraged because his spouse had gone to the dance, sought her out in the crowd, firing a volley of shots with two revolvers. Officers said Nemith admitted the shooting and attributed it to his wife’s refusal to “stay home and take care of the children.’’ NEGRO SHOT: CHARGE GUEST WITH SLAYING Ejection From Victim's Home Angers Alleged Killer. Murder charges were faced today by Robert Coffey, Negro. 2404 North Keystone avenue, as result of the fatal shooting of Ollie Kimbrough, 30, Negro, 2447 North Oxford avenue, early yesterday. Police were told Coffey, angry over being ejected from Kimbrough's home, fired at Kimbrough, one shot striking him in the back. He died at city hospital last night. Coffey was arrested by police at the home of his aunt, Mrs. James Swan, 2451 North Rural street. Officers said they found a revolver in a closet of the bedroom Coffey was occupying. TECH PRINCIPAL WILL ADDRESS SCHOOL MEN Organization to Hold Dinner Tomorrow Night. A dinner will be held tomorrow j night in the North M. E. church Dy the Indianapolis School Men’s Club. Speakers will include De Witt S. Morgan, Arsenal Technical high school principal; Emmett A. Rice, - Shortridge high school vice-pnnci- | pal, and Karll V. Ammerman, j Broad Ripple high school principal. RECOVERY ON THE WAY, , EDSEL FORD DECLARES NRA a Factor, He Says, Revealing Car Industry Gains. By United Press NEW YORK. Feb. s.—Edsel Ford sees the nation well on the road to recovery, reflected, he said, in the j “highly encouraging” conditions in the automobile industry. Mr. Ford declined to discuss the NRA except to say that he believed it had considerable to do with the improvement. GARBO MISSING AGAIN __ , Rumors Link Star With Director in Elopement. By United Press HOLLYWOOD, Feb. s.—Rumors of an impending elopment between I Greta Garbo and Rouben Mamoulian, the director, were born anew : today as both were reported missing from their homes. Mr. Mamoulian was known to have boarded a New York-bound train Friday night, but what happened to the bizarre Swedish star remained a subject of speculation. KNIFE WOUNDS FATAL • Alleged Stabber of Negro Sought by City Police. Police today were seeking Buddy Liggins, 24, Princeton, after knife wounds proved fatal to Herschel Rowlett, Negro, 827 Camp street. Officers were told that Rowlett was slashed by Liggins when Rowlett accused Liggins of cheating in a card game at Rowlett's home yesterday. Four Negroes, all living at the Camp street address, who w'ere in the card game, Mrs. Ernestine Wilkens,. Mrs. Georgia Johnson, Emsley Johnson and Miss Lucille Blatter, were held on vagrancy charges.

, Cent &So West P L pld . .. 12’, Chi A- North %Vestern. 13% 12', 13% Chicago Corp com 3% 3% 3' 4 Chicago Corp pfd 29 28% 29 Chicago Flexible Shaft. .. ... 10 Chicago Yellow Cab.... 12% 12 12’ 2 | Cities Service 3% 3% 3% Common th Edison .... 59 58% 59 , Crane Cos 10 Dexter Cos 5% 5 5% Electric Household 12% 12 12’, i Gen Household Ut 14 11% 13% | Godchaux "B" 7 8% 9 | Goldblatt Bros 32 30% 32 i Great Lakes Aircraft ... 1% [Great Lakes Dredge.... 20% 20% 20% j Grigsbv-Grunow % % % Houdaille-Hershev B .. 6% Illinois Brick 6% 5% 6% Iron Fireman .. 11 % Jefferson Elec 16% 16 16% Kalamazoo Stove 27 La Salle Extension Univ | Libbv-McNeil 4% I Lindsav Light ... 3% I Lion Oil Refining Cos 3 (Lynch Corp 35*2 i Manhattan-Dearborn .. .. ... I*2 Marshall Field 17% McWilUamA Dredging Cos 24% 24 24 Meadows Mfg Cos com. % % % ! Mickelberrv's Food Prod 3 [Middle West Utilities % Middle West Util 6% pfd 1% | Midland United ... ‘a Midland United pfd ~ ... 1 [Midland Util 6% P. L 1% Monroe Chemical 4 National Battery 23 National Leather 2 North American Car ... 5 Noblitt-Sparks Indus Inc 15 14% 15 I North Amer Light <fc Pw .. ... 3% Oshkosh Overall 6 5% 6 (Oshkosh Overall pfd ... 17 , Penn Gas A- Elec 11% 11% 11% : Prima Cos 9% 9 9% Public Service 6% pfd 20 1 Quaker Oats 115 Raytheon A' T C 3% Reliance Mfg Cos 18% 17 18% Standard Dredg Cos pfd 5 4% 4% Stutz Motor Car Cos Am 10% 9% 10% Swift. Sc Cos 18V, 17% 17% Swift International .... 28% 28 28 Thompson JR 10 U S Gypsum com 49 Utah Radio ... 2% Utility & Ind pfd 3% Vortex Cup Cos 9% ■Walgreen Cos com 25% 23% 25 Walgreen Stk Pur Warr .. ... 2% Ward Montgomery A ...102 101% 101% Wieboldt Stores 17 15% 17 (Wisconsin Bankshares.. .. ... 3% (Yates Machine 1% . Zenith Radio 4*4 4% 4%

The City in Brief

TOMORROWS EVENTS Rotary Club, luncheon, Claypool. Gyro Club, luncheon. Spink-Arms. Mercator Club, luncheon, Columbia Club, American Chemical Society, luncheon, Severin. Universal Club, luncheon, Columbia Club. Architectural Club, luncheon, Architects and Builders building. Automobile show, Indiana state fairgrounds. Phi Delta Theta, luncheon. Columbia Club. Phi Gamma Delta, dinner, Athenaeum. Indiana society, Sons of American Revolution, luncheon, Spink-Arms. Real Estate Board, dinner. Indianapolis Athletic Club.

Gone, but Not Forgotten

j Automobiles reported to police as stolen | belong to: Elizabeth Pollard, R. R. 6, Box 625, Ford sedan. 253-865. from Georgia street and Capitol avenue. Charles Perking, 524 West New York street, Ford touring, from Senate avenue and Market street. Boris Petercheff. Clarmont, Ind.. Ford sedan, from Sixteenth street and Capitol I avenue. R. D. Beckett. 1142 North Pennsylvania street. Ford coach. 12-331. from in front of 1142 North Pennsylvania street. Howard Cox, 1139 East Market street, Ford coupe. A-34-142 Michigan, from 1139 East Market street. F.dwin Neutzman, 2206 Barrett avenue, Whippet sedan. 35-625 from Miller street and Belmont avenue. B. R. Tincher. Hadley. Ind., Chrysler sedan, from New Jersey and Vermont streets. William Grote, 2139 Madison avenue, Chevrolet coupe, 25-091, from 2139 Madison avenue. David McMlchael, 556 North Tremont avenue. Ford cahrolet. from garage In rear of 556 North Tremont avenue. Francis V. Sylvester. 514 West Bernard street. Ford coupe, 90-425. from Ohio and Illinois streets. Lloyd Ingram, Zionville, Ind.. Ford truck, T-33-248, from Ohio street and H. H. King. 1503 North Pennsylvania street, Chrysler coupe. 10-535, from in i front of 1503 North Pennsylvania street, i Fred Kaiser, 1913 Howard street, Ford j coach, 28-981. from in front of 1341 KenI tucky avenue.

BACK HOME AGAIN

Stolen automobiles recovered by police belong to: Everett Cones, 1004 North Delaware street, Chevrolet touring, found at 1400 Hiawatha street, stripped of five tires. Orval Miller, 2918 North Delaware street, Ford coach, found In front of 740 Center street. Joseph B. Hilgenberg, 2955 North Capitol avenue, Chevrolet sedan, found in grounds of Indianapolis Water Company pumping station near Riverside, stripped of four tires, battery and radiotor cap Percy M. 6ipe, R. R. I, box 337 D. Buick sedan, found at 2400 Madison avenue. Archie Scott, 1720 College avenue, Ford coach, found at 2021 College avenue, stripped of license plates 94-381, and automobile radio. Hubert Harrold. 605 East New York street. Graham-Paige sedan, found at Sixtieth street and Lieber road, wrecked by j bandits. Ford V 8 coupe, no license plates, no cer- \ tificate of title, motor No. 1835126. Herman Montgomery, 1115 English ave- 1 nue. Chevrolet coach, found at 1133 Deloss street. Pontiac coach, no license plates. Motor i G 10556. found at 3310 Nowland avenue. Bennett Tincher. Hadley, Ind, Chrysler I sedan, found in front of 1614 Columbia avenue. James Blanford, 911 East Fifty-fifth street, Buick coupe, found at Sixty-third and Central. Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111., Feb. s.—Hogs Receipts, 10.000: market, fairly active; 30® 40c higher than Saturday; top $4.50; 160- j 240 lbs, $4 40 to mostly $4.50: few 140160 lbs, $4®4.50: lighter weights and ; heavies not established; a few sows, \ $2 85® 3: 10® 15c higher. Cattle—Receipts. 3.300; calves, receipts, 2.200; market, net fully established on steers; early sales j steady; mixed yearlings and heifers, active and strong; cows and bulls unchanged with bulls slow, and vealers 25c lower with I top $7; early steer sales. $4®5.10; mixed yearlings and heifers. s4® 5.25; cows, 1 $2.50®3.25; low cutters. slso® 1.75; sausage bulls. $2.50® 2.65; slaughter steers, 550-1.100 lbs, good and choice. $5.25®6.85: common and medium. $3.25® 5.75: 1,1001.500 lbs, choice. *5®6.60: good, $4®6.25; medium. $3.50® 5.25. Sheep—Receipts. 1 800; market, few choice wooled lambs to citv butchers, strong to 10(w higher; $9.75®9.85 paid; no early indications on others; lambs. 90 lbs. down, goo dand choice. $8.75®9.85: common and medifira, $5.50® 9: 90-98 lbs, good and choice. $8.25®9.75: yearling wethers. 90-110 lbs. good and choice $6.50® 8 40: ewes. 90-150 lbs . good and choice. s3® 475 all weights, common and medium, s2® 3.50. CHICAGO FRUIT MARKET By United Press CHICAGO. Feb. s.—Apples Michigan Jonathans bushel. $1.25® 1.60; Baldwins bushel. $1.35® 140. Carrots—lllinois. 45® 50c bushel. Spinach—Texas. 65® 85c bushel. Beans—Southern Green. $1.75®2 Mushrooms—lllinois. 17%®32%c per lb Cucumbers—Central western hothouse 2 ! dozen. $2.75® 3 25. Tomatoes—Florida, $1 25® 260 box. Celery—Michigan. 75c® $1.25 square crate. Cabbage—Wisconsin, $1.25(@1.75 (100 Ibs.i. Parsnips—lllinois. 75 j ® 90c bushel. Sweet Potatoes—Tennessee. : $1.35® 1.40 bushel: Indiana $1 65® 185 Rhubarb—Michigan hothouse 25® 50c i5 ! bs.>. Onion Market Wesern Valencias Western Yellows, $1.15® 1.25: Western Whites. $1.75® 2.

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 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

.FEB. 5, 1934

GRAIN FUTURES MUVE UPWARU; NEWS BULLISH Wheat Advances Nearly a Cent: Corn. Oats Up Fractionally. BY HARMAN W. NICHOLS United Press Staff Correspondent f CHICAGO. Feb. s—Grains followed the pace set by stocks and cotton and were higher at the opening of the Board of Trade to- ; day. Wheat deliveries were to •’* cent ! higher, corn was up % to cent, and oats were % cent higher. The southwest drought situation continued as a bullish item in the routine news. That the price of grain does not fully reflect the extent of dollar j devaluation is the belief of a num--1 ber of market students. In their ( opinion prices should be higher than a year ago based alone on supply and demand conditions. Nevertheless It is difficult to ! stimulate speculative interest and | although there were times during | the past week when the market displayed considerable strength, buy- : ing did not follow bulges. Chicago Primary Receipts —Feb. 3 —Bushels— Today. Last week. Wheat 463,000 509,000 Corn 548.000 494,000 t Oats 118,000 110,000 Chicago Futures Range —Feb. 5 Prey. WHEAT— High. Low, 10:00 close. May 93% 92% .93 32% July .92% .91% .91% .91 % Sept 93% .92% .92% .92 CORN— May 53 .52% .52% .52% July 55 .54% .54% ,54% Sept 56% .56% .56% .56' 4 OATS— May .38% .38% 38% 38% July 37% .37% .37% .37% 1 SP JtYE * 37 1 4 .37'4 May 63% .63 .63 .62% July 64% .643* .64% .63% Sept 65% .65% .65'* .64% BARLEY— May 52% July 52% INDIANAPOLIS WAGON WHEAT City grain elevators are paving 84 cents lor No. 2 soft red wheat, utner trades on their merits. CHICAGO CASH GRAIN By T'nited Press CHICAGO. Feb. 3.—Cash grain: Wheat —No. 1 hard. 93%c: No. 2 hard. 92%®, 93c. Corn—No. 6 mixed, 44%e; No 2 yellow, 50%®51c; No. 3 yellow. 48%®50c; No 4 yellow. 49c: No. 9 white. 50c; No. 3 white. 49%®50%c; No 4 white, 49c: loidl No. 2 yellow. 51%c: No. 3 vellow. 50%® 51c. Oats—No. 2 white. 38%®39%c; No. 3 white. 37%c: No. 4 white, 36%®37%r. Rve—No sale. Barley—s6®Blc; quotable, 50® 82c. Timot hy—sß. 7s® 7. Clover seed —sll® 14. Cash provisions: Lard. $5 80; loose, $5.12; leaf. $5.12; s. bellies, $7.12. ,4* TOLEDO CASH GRAIN By T'nited Press TOLEDO. Feb. 3. (Grain in elevators transit billing); Wheat—No. 2 red 95® 96c. Corn—No. 2 vellow. 55®56c Oats - No. 2 white, 41%®42%c. Rve—No. 2. 68 ®69c. (Track prices. 28%c rate). Wheat —No. *1 red. 91 Vs®92c; No 2 red. 90%® 91c. Corn—No. 2 yellow, 50%®52c; No. 3 yellow. 49®51c; No. 4 vellow. 47%®48%c; No. 5 yellow. 45®46c. Oats—No 2 white, i 39®40c; No. 3 white. 38%®39%c. Seed ; close: Clover—March, $8.25. Alsike—Cash, i $8.50.

In the Cotton Markets

—Feb. 3 CHICAGO . High. Low'. Close. January 12 37 March 11.67 11 50 11.67 May 11.85 11 68 11 83 [July 11.99 11 83 11 99 ! October 12.18 12 04 12 18 | December 12,32 12.15 12.32 NEW YORK January 12.34 12 16 12.34 March 11 60 11 46 11.59 May 11 78 11.63 11.76 July 11 94 11.79 11 92 October 12 12 11.98 12 10 December 12 26 12.10 12 24 NEW ORLEANB January 12 27 March 11 58 11 42 11 58 May 11.75 11.60 11.75 October . 12 09 December 12.23 12.13 12.23 Fire Reports Friday ' 1:14 p. m., 2015 Cornell, residence. $lO. 5:02 p. m., 4601 College, drug store $25. 5:44 p. m.. Park and Twelfth, automobile, small loss. 7:05 p. m., 1401 Hoefgen, residence. $5. 11:55 p. m., 742 Drexel, residence, no loss. Saturday. 12:42 a. m., 225 West Morris, factory, $20,000. 1:56 a. m., 1934 Lewis, outbuilding. $25 7:19 a. m., 210 East Fifty-first, residence, $1,500. 9:05 a. m., 602 South Meridian, residence. $5. 9:31 a. m., 1505 Gladstone, false alarm. 9:39 a. m„ 5757 North Meridian, residence. small loss. 9:43 a. m„ 16 West Southern, residence. $25. 10:04 a. m„ 3028 English, grass fire 10:59 a. m.. Twentieth and Illinois, false alarm. 11:51 a. m., 149 Wisconsin, shed, no loss. 12:26 p. m., Riley drive at Sixtv-eighth, residence. sls. 1:02 p. m.. Illinois at Canal, grass fire. 1:29 p m.. White River and Kentucky, lumber and grass fire. 1:33 p m., 534 Minerva, residence. $l5O. .3:36 p. m., Bosart and Brookvllle, grass fife. 3:57 p in.. 531 Moreland, residence. *25. 10:39 p. m., 704 North Capitol, apartment, S2O. 11:59 p. m.. 575 North Lynn, residence, *lO. Sunday. 12:56 a. m Olnev and Twenty-first, grass fire. 1:32 a. m . Tremont and Michigan, automobile, $l5O. 9 38 a. m.. 1223 Calhoun, residence. sls. 10:29 a. m , 1341 Edgemont, residence. $lO. 10:36 a. m„ 1047 Tecumseh. residence, *lO. 1:21 p m„ 237 South State, residence. *lO. 1:56 p. m.. 57 Kenmore, residence *lO 3:50 p. m„ 1721 South East, residence. $lO. 3.53 p. m.. 121 South Bolton, residence. $lO. 4 20 p m.. 1310 South Pershing, residence. $lO. 5:18 p. m., 3012 North Talbot, residence. *lO 5:26 p m., 2100 Pike, factory, small loss 7:27 p. m.. State and New York, automobile accident. ' LOST— | . Power and Speed If your carbu- f retor needs attention— Service by Experts Costs N4 More CARBURETOR SALES AND SERVICE 214 E. Ohio St. LI-4950 !