Indianapolis Times, Volume 45, Number 233, Indianapolis, Marion County, 7 February 1934 — Page 13

FEB. 7, 1931.

Wall Street—

Dollar Exporters to Escape Payment of Their Share of Depression Cost —Stand to Make Profit. Bi RALPH HKNDF.RSHOT

Tines Special Financial Writer In cutting the value of the dollar in terms of gold by about 41 per crnt. President Roosevelt spread the cost of the depression about as evenly as possible. The heaviest costs, of course, were placed on those of wealth, but many people are agreed that this was the only logical and practical course. In applying the costs, however, one important group was missed. That group, in fact, stands to profit handsomely from the revaluation. It is made up of those who sent their money out of the country before the United States went off the gold standard. They converted their

dollars into foreign currencies, and now are being permitted to change them back at the new dollar price. In fact, tne government, through the operations of the equalization fund, is making it possible for them to make the exchange on the best possible basis. It is difficult to understand why this particular group has been allowed the preferential treatment, unless the President and his advisers have been unable to find some way to collect their share of the cost. Certainly they did not contribute to the soundness of the country, and it may be said that by sending their money out of the country they hindered the return of normal business conditions. a a a Government Takes Gold Those who converted their currency into gold for hoarding purposes have been forced to give up their yellow metal. And the government has even taken the gold away from the banks into which individuals

Ralph Ilendershot

were obligated to turn their hoards. The government took the profit on the gold from revaluation, and it is now using a large portion of such profits to keep the dollar down in value which, incidentally, makes it easier to convert the foreign currencies held by Americans back into dollars. And not only are the currency “chiselers” in this country being permitted to collect on their “shrewdness” but the government is helping the speculators of the world to make huge profits. For the last several years these speculators have been switching their capital into first one currency and then another. Their operations have contributed in no small way in destroying confidence in the currencies of the countries they attack, hurting their general credits and in some cases helping to force them of! the gold standard. Their activities in currencies have had the same affect as the deposit withdrawals from the banks prior to the banking holiday last March. a a a a a a Gold Shipments Embarrassing Quite naturally they wish to convert their currencies into dollars. This accounts, in part, for the recent heavy gold shipments to the United States and the prospects of further additional heavy shipments. The loss of gold, in all probability, will prove embarrassing to the countries losing it. and if it continues France may be forced to suspend gold payments. Moreover, in the final analysis probably some way will have to be devised to redistribute the gold holdings of the world, of which we already own more than 40 per cent. It has been suggested that some sort of embargo be placed on the conversion of foreign currencies into dollars. It might be even better to place a tax on such conversions if it is at all practical and feasible. In that way all nations would be protected against the violent currency switchings, but the United States would be able to collect from those who now stand to profit by the hardships of others.

New York Stocks 'Bt Abbott Hoppin A Cos. / " 1 '

—Feb. 7 Prev. Oil*— High. Low. 10:30. close. Amerada ** i 4 Atl Rfg 34'4 34** Barnsdall * , 4 Consol Oil V-. 13 2 12. Cont of Del .... 20‘a 20' 4 -0 4 20 a Houston mewt.. .. ... 5 4 j> 4 Houston ioldi .... ... ... 38 2 Indian Rfg ••• 3 2 Mid Cont Pet 14 14 Ohio Oil I 5 ’• }?, Plillllp. l ' Pet - • J 8 lB 2 Pure Oil 14 13 3 * 14 13 3 * Royal Dutch 38 4 Sbd Oil 33' 4 33 Shell Un •- Simms Pet } 9 * J? 4 Skolley Oil 11 l*., Soc Vac -• I?'* I* * SO of Cal 41 5 41V 41*. 41 SOof N J *B’ 48’* Sun Oil - 61 Texas Corp ?8 3 28 a Tidewater Assn ll'a 11.* Un Oil of Cal 20 19i* Am tC RoiT Mills 26'a 26** Beth Steel 48'* 48 48‘* 48* Bvers A M 32 J . 323332 3 32 * Col Fuel A Iron * 2 Cruc Steel “i 4 Gulf Sts Steel 34 a Ludlum Steel *? McKeesport Tin '• Rep l?on C L- Steel 22'a '22** 22 3 * 22 3 v% smlit Bt ..^“:: ::: i&. &** Vanadium •f". 4 Mid Steel *3* U S Pipe & Fdy 30'a 31 U S Steel 59 39 „ U S Steel pfd 9 ® ■ 2 Yotmgstn SAT.. ••• 31 31 • Rail* J/ -n Atl Cst Line .. 33'* 53 53 32 * B A 33 34 Can Pac 11* 11,4 Chi A Gt W ... 5 5 CM& St P 8 7 7 . 7> 8 4 CM4 St P Dfd 12*4 12" 12** }2 Chi R Isl . 6 6 Chi R I 7"- pfu „?a 2 Dela & Hun ‘L 4 Erie a:, Grt Northern pfd 31 4 Ji 111 Central 36 4 37 4 K C Sou I® Lou & Nash 60 * M K & T 13 * I 4 Mo Pac * $ N Y Cent *3 3 44 3 . N Y Chi A St L 2* NY C St L pfd • 31 N Y New Haven. .. ... 22'* 22 4 N Y Ont i Wes ■ “ Penn R ??,* Sou R R 33 35 . Sou R R Pfd 39 . 40 Union Pac Wabash - .2,* ~ 3 * West Maryland .... ... 13 * 13 Motors -. ■> eei Auburn -• “* * Chrysler 57'* 5 ‘ 1 7 ' 2 ’ Oen Motors 40 4 J Graham Mot * Hudson ■7,* Macs Truck.*.".**. !I ”1 ■ Nash 39 1 Packard •• ••• ", J, Reo 4 • J 7 * Siudebaker •** 61 Yellow Truck Motor Access— Bendix 22 a 22. Bohn Alum J* 02 Berg Warner 21 3 * 28 BHWr:: ::: ::: j> Eaton Mfg 19 18". Elec Auto Lite.. .. ... 28"* 28’* Houd A ’* Mullins Mfg 10 s * Murray Body ... 10'a 10a Stew Warner 9*4 9*. Timken Rol .... .. 39 1 * Minins — Alaska Jun 22'a 22'a Am Smelt ... .. 46*4 Anaconda ... IT 3 * 17'a Anaconda .. ... 17*. 17'a Ci-1 A Hecla 6Ja Cerro de Pasco.. .. ... 36*337%6 7 % Granby ... 11*4 ll 7 * C.t Nvr Oae 14'a Homestake Min 320 Howe Sound 37 In. Corper .. ... 6** 6 s * Int Nickel 23. 23’.Krnnecott Cop 22 3 4 22*. Noronda Coo ... .. 35** T- ns Dodge 17*4 17 3 4 Tobaccos— Am Snuff 54 5 Am Sum Tob 19* a A Tobacco A 82 s , Am Tobacco B 84 Gen Cicar 34 3 * Lise A- Msers B 94'* 94'. Lornllartl ... .. 19'* 19'* Revr.olds Tob B 43S 43'- 43S 43 Equipment*— Allis Chalmers 22 3 . 22'. Am Car & Fdv. .. ... 32'a 33 Am 1-eco ..... . .. ... ... 37*4 Am Mach A- Fdv 19 Am Steel Fdy 25'a Bald Loco ... 15 • 15'* Burroughs 19$. 19‘. Case J 1 86'. 85 3 . Ca’er Tract 32 31 3 * Cclgat Palm Peet 14'a 14*. Congoleum ... 29' 29 3 * Elec Stor Bat .. ~ 50 Foster Wheeler 21'a Gen Am Tk Car 41. 41*a Gen E.ec ... 24‘* 24*. Oen R R Sig 42'* Ingsol Rand ... .. ... 72 7 Int Bus Mach 145** Int Harvester . 46 l * 46 1 * Keivmator ... 13 IT 7 * 17 7 18 Natl Cash Reg 23‘a 23*. Proc A Gamble 40*. Pullman Inc 57'* Simmons Bed ... 23 ‘4 23'* Und Elliot 48'* 49 West Air B , ... 35'a Westtngh Elec 45'* 45'a Worthington Pm 31'a t'tPitie*— Am A For Pwr . 13 3 . 13*4 Am Power A Li' 12 1 * 12 12** 12*. A T A- T 125'* 124*4 Am Wat Wfcs 27*. 27'* Brtxtk Un Gas 80'a Col Gas A Elec 18 7 . 18'* Col G A E pfd ... 74 Com A Sou 3*4 3** 3* 3 3 * Concol Gas 47‘* 47 47'* 47 l * Elec Pwr A Lit 9* E P A L pfd 19*4 18*4 Int T A T 17S Lou GAEA... ... 21 20>a Nat Pwr A Lit 15** 15'j North Amer 24’* 25V* Pac O A E 23*. 23 Pub Serv N J .. .. ... 45 45 So Cal Edison ... 22 21 1 * Std Gas 16** 17 Sid Gas pfd 17 United Corp 8 7 * 1%.

Un Gas Imp 19% 10% Ut Pwr & Lit A 5% 5% Western Union 66% 66% Rubbers— Firestone 23% 23% Goodrich 1 ( % 17% Goodyear ... 39% 40 U S Rubber 21 21 U S Rubber pfd 38% 36 Kelly Spring 3% 4% Amusements— Crosiev Radio ... 13% Fox Thea 16% 16% 16% 16% Loews Inc 33% 33 33 33% Radio Corp 8% 8% RKO 3% 3% Warner Bros 7% 7% Foods— Am Sugar 59 59% Armour A 6 5% Beatrice Cream 17% Borden Prod 26% 26% Cal Packing 26% Canada Dry G A .. 28 Coca Cola 105 Cont Bak A 14 Corn Prod 79% 79 Crm of Wheat 34 34 Vi Gen Foods .. ... ... 35% Gold Dust 21% 217s G W Sugar 33 32% 32% 33 Int Salt 24% Natl Biscuit ... 437s 43% ... 44 Natl D Prod ... 17 16% 17 17% Purity Bak 19 18% 18% 19% S Porto Rico Sug 37% 37% Std Brands 24% 24V* United Fruit ... ... 67% Ward Bak A 12 Retail Stores— Ass Dry Goods 17% 18 Best & Cos 31 Gimbel Bros ... 6 5% 5% 6'/ Gimbel pfd 28% Gr Un Tea 8% 8 Hahn Dept Sts 77* 7% Jewel Tea 46% Kresge S S ... 21 21 Kroger Groc 28% Macv RH 60 May Dept St ... 39% 40% Mont Ward 33% 33% 33% 33% Penny J C 65 Safeway St 54% Sears Roebuck 49% 50V 8 Woolworth ... 53% 53% Aviation— Aviation Corp 9% Douglass Air 26 s * 25% Curtiss Wright.. 4% 4 s * 4% 4 s * Curtiss Wr A 10 10% Nor Amer Av ... 7% 7% United Aircraft 33 s * 35% Chemicals— Air Reduction 105 Allied Chem 154% 154% Am Com Alcohol .. ... 57 57*2 Col Carbon ... 69% Com Solvents .. 34 33% 33% 34 Dupont 101% Freeport Tex 47 47 s * Liquid Carb 32% 32% Math Alkali ... 38% Tex Gulf Sulph. 42% 47% 42% 42 s , Union Carbide 48% 48% U S Ind Alcohol ... 61 1 2 61% Nat Dist (new). 30% 30 30 30 Drugs— Cotv Inc .. 8% Lambert 29% 30 Lehn & Fink 20% 19% Zonite Prod ... 7% 7% Financial— Adams Exp 11% ,11 s * Allegheny Corp 5% 5% Chesa Corp ... .. 44% Transamerica ... 8% 8 8% 8% Tr Conti Corn... 6% 6% 6 s * 6% Building— Am Radiator ... 17 16% 17 17% Gen Asphalt 20% 21 >- Int Cement 36% Johns Manville 64% I ibbv Owens Gls 42 42% Otis Kiev 18 s * 18% Ulen Const 3 s * 3\ Miscellaneous— Am Bank Note 21 >2 21 % Am Can 102 s , 102% 102% 102% Anchor Cap ... 23% Brklvn Man Tr 35 34% 34% 34% Conti Can 79% Eastman Kodak 92 Owens Bottle 93 Gillette 12% 12% Oiidden 21% 21 s * Gotham Silk 11 % Indus Ravon 89 88% Inter Rapid Tr. 11% 11% Real Silk Hose 13% 13>2

U. S. Government Bonds

By I nitrd Pr> ss NEW YORK Feb. 6 —Closing liberties Decimals represent thirty-seconds.) LIBERTY ?'.S (32-47/ 102. First 4% s 1 32-47 > 102.11 Fourth 4%s (33-38' 102 26 TREASURY 4%5-3%s (45) 100.14 •t%s <47-52' 108 2 3%s <43-471 100 29 3%s < 41-43 < March 100 29 <4O-43/ June 100 31 3%S (41) 100 11 3%s 146-49) 99 1 3s (51-55< 97 21

Foreign Exchange

'By Abbott. Hoppin & Cos.) —Feb. 6 Close Sterling. England $4.96 s . Franc. France 0631 Lira. Italv 0842 Belgias Belgium 2235 Mark. Germane 3805 Guilder. Holland 6450 Peseta. Spain 1300 Krone. Norway 2500 Krone, Denmark 2225 MORRISTOWN VOTES TO BUILD ELECTRIC PLANT Loan of $50,000 From U. S. Now Being Considered. By Vnitrtt Prrss MORRISTOWN. Ind.. Feb. 7. Construction of a municipal electric plant with a federal loan of approximately $50,000 was voted by citizens of Morristown, Shelby county, 250 to 58. The federal loan has been applied for but not yet approved.

ISSUES WEAKEN AFTER PROFITTAKMGAINS Unsettled French Situation Influences Securities; Trading Active.

Average Stock Prices

Average of thirty industrials for Tuesday; High 111.25, low 108 88. close 110 24, off .50. Average of twenty rails; 53 07. 51 95. 52.60. on 37. Average of twenty utilities. 31.13. 29 53. 31.03. up 1.43 Average of forty bonds: 91.22, off .26 Average of ten first rails; 96.11, off. 23. Average of ten second rails; 804.37. off .49. Average of ten utilities: 95.12. off .22. Average of ten industrials; 93.27, off .12. BY ELMER C- WALZER Vnited Press Financial Editor NEW YORK, Feb. 7.—Stocks today reflected the unsettled French situation and prices at the outset were irregularly lower. Losses extended to more than a point as profit-taking increased and large Mocks appeared on the tape with tickers running at capacity. Commonwealth & Southern, which featured yesterday’s last hour with turnover of more than 300,000 shares in blocks of 1,000 to 90,000, opened at 3's, up Vs on a block of 4,000 shares. It later sagged to 3^. Utility List Lower Other utilities held slightly under the previous close. News for the utilities included the weekly report on electricity output showing a rise ot 12.5 per cent over the corresponding week of 1933, the best percentage advance since Sept. 16. General Gas of Delaware opened 8,700 shares at off U point; United Corporation 4,000 at 8%, up 3 S ; Standard Gas 1,800 at 16?;, off *•*; Columbia Gas 2,000 at 18 7 / 8 , off M, and Consolidated Gas 2,000 at 47. off Vs. General Motors dropped a point to 40 on the first sale, a block of 4,000 shares. Losses of fractions to a point were noted in Sears Roebuck, General Electric, International Nickel, Bethlehem Steel, Atchison and New r Yerk Central. United States Steel opened at 59, unchanged and then dipped to 58*2. Steel news was favorable with the rate of operations stepped up on bigger demand from automobile companies. Gold Issues Firm Farm equipment shares were firm as were gold mining issues and some of the coppers. Small gains were noted in Montgomery Ward, American Telephone, National Distillers, U. S. Industrial Alcohol, Kennecott, and American Can. The early market was active with prices moving irregularly. Profittaking continued in the utilities, although Commonwealth and Southern r Allied after touching 3*4. Railroad shares eased.

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 7 Clearings $1,859,000.00 Debits 3.947,000.00

Treasury Statement

By Vnited Prrss WASHINGTON, Feb. 7.—Government expenses and receipts of the current fiscal year to Feb. 5. compared with the corresponding period of the previous fiscal year: This year. Last year. Expenses $3.702,485.851.04 $3,058,387,985.68 Receipts $4 544.899.277.07 $1,165,148,782.66 Surplus. S 842.413.426.03 x 51.893.239.203.02 Cash Bal $4,281,407,369.38 xDeficit. New York Curb (By Abbott. Honpin & Cos.) —Feb. $— Close. Close. Allied Mills . . B%iGreat A & P ..148% Alum Cos of Am 78 iGlen Alden Coal 16(2 Am Beverage .. 2% Gulf Oil of Pa.. 75 Am Cyanide B 20%'Hiram Walker.. 48% Am & Fo Pr W 9%'Hud Bay Min... 10 Am Gas & El.. 33 Humble Oil 39% Am Superpwr.. 4% imp Oil Ltd 13% Asso Gas & El. 2% Int Petrol 22% Atlas Corp .... 15% Lake Shore Min 44 Axt Fish Tob.. 69 J Libby McN Libb 5 Brazil Tr & Lt. 13% Lone Star Gas.. 8% Brit Celanese.. 3%;Massey Harris.. 8 Can Ind Ale A. 15% Mt Producers .. 5% Can Marc 3 :Natl Bellas Hess 2% Carrier Corp .. 8% Newmont Mi*).. 54 Cities Serv 4% Nia Hud Pwr... S% Com Edison . 60% Novadel Agene.. 64 Con Gas of Bal 64 i Pan Am Airways 46 Cord Corp 7% Penn Road 4 Creole Petrol.. 12% St Regis Paper. 5 Crn Cork Inti.. 7 iSal Creek Prod. 7 Deere & C 0.... 33 I Sherwin Wms.. 66 Distillers Lim . 20% Std of Ind 31% Distillers Corp. 21 s * Std of Ky 17% Dow Chem .. 76 t Technicolor Ind 9% El Bond A- Sh .. 23% Teck Hughes Go 5% Fisk Rubber ... 14% Un Gas 4 s * Ford of Can A. 23% Un Pwr & Lt A 5% Ford of Europe 6% Wr Harg Min... 7% Gen Aviation.. B%it

Investment Trust Shares

—Feb. 6 Bid. Ask American Bank Stocks Corp.. 1.17 1.22 Amer & Gen Sec 1A) 5.00 7.00 Amer & Inv Tr Sh 2.00 3.00 Basic Industry Shares 3.75 3.80 British Type Inv Tr Sh 85 .92 Collateral Trustee Shares (A).. 5.15 5.20 Corporate Trust Shares (old).. 2.30 2.33 Corporate Trust Shares /new). 2.52 2.62 Cumulative Trust Shares 4.50 Diversified Trust Shares (A).. 6.25 .... Diversified Trust Shares (B).. 8.75 9.00 Diversified Trust Shares (C).. 3.48 3.52 Diversified Trust Shares (D)... 5.33 5.43 First Insurance Stock Corp.... 1.38 144 First Common Stock Corp 95 1.10 Fixed Trust Oil Shares (A).. 9.25 9.50 Fixed Trust Oil Shares <B‘.. 8.12 850 Incorporators Investments ...19.62 21.00 Land Bank Bond Shares 96 1.07 Low Priced Shares 6.80 6.90 Mass Inv Trust Shares 20.65 21.78 Nation Wide Securities 3.69 3.79 North Amer Trust Sh Cs3< 2.02 North Amer Tr Shares ('55 1 .. 265 2.68 North Amer Trust Shares 287 3.12 Selected American Shares.... 3.35 .... Sleeted Cumulative Shares 7.87 Selected Income Shares 3.75 4 25 Std Amer Trust Sh iA) 3.28 334 Trust Shares of America 3.12 3.17 Trustee Std Oil (A) 595 6.10 Trustee Std Oil <B < 5.55 5.65 U S Electric Lt A- Pwr <Ai 13.50 14.00 Universal Trust Shares 3.35 3.45 CHICAGO FRUIT MARKET By Vnited Press CHICAGO. Feb. 7. Apples—Michigan Jonathans bushel. $1.500 1.75: Baldwins bushel. 51.25®1.40 Carrots—lllinois. 40® 60c bushel. Spinach—Texas. 65c® 75c bushel. Beans—Southern green $2 2502.35 bushel; wax. $1.50® 2.35. Mushrooms— Illinois. 32 0 32%c pound carton. Cucumbers —Central western hothouse. $2.500 3 <2 dozen'. Tomatoes—Florida. $1 2502.50 box. Celery—Michigan. 60c® $1.25 square crate Parsnips—lllinois. 75c® SI bushel. Sweet Potatoes Tennessee. $1.3501 45 bushel; Indiana. $1.5001 85. Rhubard— Michigan hothouse. 25® 45c (5-pound carton' Onion Market—<so-lb. sacks' Western Valencias. SI 15® 1.30 Central Western Yellows. $1.1001.15: Western Whites. $1 7502 3 BURN TO DEATH AS FIRE DESTROYS HOME Farents and Daughter Victim in Frankfort, N. I, Tragedy. By L nited Prrss FRANKFORT. N. Y., Feb. 7. Three persons were burned to death today when fire caused by an overheated furnace destroyed their home. They were Frank Daniils, 48, his wife, Carrie, 47, and their daughter, Florence, 14 Two sons, Albert, 20, and Fred, 18, escaped by jumping out of a second story window. They attempted to rescue the others but were prevented by the flames.

THE INDIANAPOLIS TIMES .

■ | Chicago Stocks | """" (By Abbott. Hopple & Co.i TOTAL SALES 145,000 SHAKES —Feb. o High. Low. Close. Acme Steel Cos 44 Advance Aiu.nn.lnum.. 4% •*•? Aiuea i'roaucis 20 Is-* 19Am ruo Sstrv pfa y * •% American xteae % Asoestos Mig 3% assoc lei util Apia ... ■% Automauc Vvasner 3 Hasuan .blessing 10 9 9 7 ,* oeneux Aviation 23 22 % 22 ■* Aimes Mig ... Dorg Warner 2b 1 * 27% 2.; DOig-Warner pfd lui 100 100 r, L Bruce (JO 17% i'i 17%. Butler Bros 8% 8% a*2 uampoeii vV <Ss C Found 14V2 tiasue AM 20 V 2 20 2014 central Storage 7‘,2 cent Xu Fub serv pfd.. 22% 22 22% Cent ill Securities pid 8(2 Cent ind Bower pfu 10 Cent Pub Serv Class A V Cent <St So West IT* 1% 1‘,2 Cent & So West pfd... 12-14 12% 123,4 Chi & North Western.. 14*2 13 * 14 Chicago Corp com 4 3% 3 7 , Chicago Corp pfd 30y* 30 30 Chicago Flexible Shaft 10% Cities Service 4V* 4 4% Common’w th Edison... 61‘,2 58% 61% Consumers % Continental Steel 11 *4 10% 10% Cord Corp B*4 7% 8 Crane Cos 11 lo j * 10% Crane Cos. pfd 53‘4 38% 58% Dexter Cos s‘/4 5 5 Electric Household 13% 12V* 13% Fltzsimmon & Connell 16 Gen Household Ut 13% 11% 12% Goldbiatt Bros 32% 32 32% Great Lakes Aircraft... IV* 1% 1% Great Lakes Dredge 21% 20% 21% GrigsbyGrunow % % % Hall Printing 7 Hart-Carter, pfd ... 8% Hart, S& M 18 17% 18 Houaaille-Hershey A 20% Houdaiile-Hershey 8.... 6% 6 6 Illinois Brick 7% 7 7% ill Northern Utli 55 Iron Fireman 11% lo 7 4 11% Kalamazoo Stove 27 26% 26% Katz Drug 28% 28% 28% Ken-Rad Tube & Lamp 5% 5% o% Keystone Steel 19 18% 18% Liboy-McNeil 4% 4% 4% Linasay Nunn Pub 2% 2% 2% Lion Oil Refining Cos. 5% 4% 0% Lynch Corp 38% 37% 38% Marshall Field 18% 17% 18 McGraw Electric 6% 6 6% Me William Dredging Cos 24 23% 23 % Meadows Mfg Cos com % V 4 % Merchants & Mfrs A 2 Metro Industries 10% Middle West Utilities % Mid W Util 6% pfd A 1% Midland United % % % Midland United pfd.. 1% 1% 1% Midland Util 6% P L 1% Miller & Hart pfd 10% National Leather 2 1% 2 National Securities In 1% National-Standards ... 27 25% 27 Noblitt-Sparks Ind Inc 16 15'% 15% North American Car... 6% 5% 6% No Am Li & Pow 4% 3% 4% Northwest Bancorp... 6% 6 6 Northwest Engineering.. 6% 6 6% Oshkosh Overall 8% 6% 7% Oshkosh Overall pfd.... 20 19 i9 Penn Gas & Elec 13 Perfect. Circle 32 Pines Winterfront 2% 1% 2 Prima Cos 10% 10% 10% Public Service 21% 21 21% Public Service N P 22 20% 22 Public Service 6%> pfd. 57 55% 55% Public Service 7% pfd 62 Quaker Oats }l9 Quaker Oats pfd 118% Raytheon V T C 3% 3% 3% Reliance Mfg Cos 18% 17% 18 Sears Roebuck 50% Signode Steel Strapping .. ... 2% Standard Dredg Cos pfa 5% 5 5 Storkline Furniture 5'% 5% 5% Stutz Mot Car Cos of A 10% 10'A 10% Swift & Cos 18% 17% 18 Swift Internacional 28 Thompson, J R 10% 10% 10% Transformer Cor of Am % % % United Gas Corp 3% Utah Radio 2% 2% 2% Util Power & Light A.. 5% 5% 5% Utility & Ind 2 1% 2 Utility & Ind pfd 5 7 / g 5% 5% Vortex Cup Cos 9% 9 9% Vortex C’up Cos (A).... 26'% 26 26% Wahl 2% Walgreen Cos com 25% 24% 25 Walgreen Stk Pur Warr 5 Ward. Montgomery (A) 104% 104 104 Waukesha Motor ... 35 Wayne Pump com .... 1% 1% 1% Wieboldt Stores 16% 15% 15% Wisconsin Bankshares .. ... , 4 Yates Machine 1% 11/*l 1 /* l a Zenith Radio 4% 4% 4%

Federal Farm Loan Bonds

(By Blyth & Cos.. Inc.) —Feb. 6 4s, Nov. 1, 1957-37 95% 4s, May 1, 1958-38 94 95% 4%5, July 1, 1956-36 94% 96 4Vis, Jan. 1. 1957-37 94% 96 4%5, May 1, 1957-37 94% 96 4Vis, Nov. 1, 1958-38 34% 96 4Vis, May 1, 1942-32 97% 98V4 4 Vis, Jan. 1, 1943-33 95% 97 4%5, Jan. 1, 1953-33 95% 97 4%5, July 1, 1933-33 95% 97 4Vis. Jan. 1, 1955-35 95% 97 4 Vis, July 1, 1955-35 95% 97 4%5, Jan. 1, 1956-36 95% 97 4%5, July 1. 1953-33 97% 98% 4Vis, Jan. 1. 1954-34 97% 98'/* 4%5, July 1, 1934-34 97% 98% ss. May 1. 1941-31 99% 101 ss, Nov. 1, 1941-31 99% 101 Home Loan 4s. July 1. 1951... 97 7 /* 98%

Daily Price Index

By Vnited Press NEW YORK. Feb. 6.—Dun & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press: (1930-32 average. 100) Today (new 1934 high) 107.71 Yesterday 10 1- 2 5 Week ago 106.22 Month ago 102.00 Year ago ,68.94 1934 high Feb. 6 10 7.71 1934 low Jan. 3 101.00 (Copyright, 1934, Dun & Bradstreet, Inc.) ■ $ 1 ■ 11

Produce Markets

Delivered in Indianapolis prices—Hens. 10'ac; Leghorn hens, 7’,ac; heavy springers over 5 lbs., lie; under 5 los., 9c; Leghorn springers. 7c; stags. 8c; Leghorn stags, 6c; cocks, 5 lbs. and up sc; under 5 lbs., 4c; ducks. 4'i 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, lie; No. 1 young toms. 12 to 20 lbs.. 13c; No. 1 young toms over 20 lbs.. 13c: old toms. 10c; No. 2 thin crooked breasted. 6c; young guineas, l'.i to 3 lbs., 35c; old guineas, 25c; No. 1 strictly fresh country run eggs loss off 15c 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 27@28c; No. 2, 24®25c. Butterfat—2oc. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. Feb. 7.—Eggs Market, steady; receipts, 10.605 cases; extra first, 18' 4 c'; fresh graded firsts, 17 3 *c; dirties, lo'ac; current receipts, 16'2C; checks, 15c. Butter —Market, firm: receipts, 7,254 tubs; storage extras, 92 score, 23c: storage standards, 90 score. 22 3 4c; extra firsts, 90-91 Vi score. 23'2C; extras, 92 score. 24c; firsts, 88-89 ’2 score, 22®22 3 *c; seconds, 86-87'i score, 21c; standards, 90 score, 23 3 *c: specials, 24' 2'?/ 25c. Poultry—Market, unsettled: receipts, 28 trucks; turkeys, 10® 15c; hens, 13ffil4'ic; Leghorn hens. 12' 2 c; ducks. 12tfil5c; geese, 12c; white rock broilers, 21c; rock springs, 16c; Plymouth rock broilers, 23c: colored springs, 15' a c; colored broilers. 20c. Cheese —Twins, 14@14'2c; Longhorns, 14' 2 @lsc; daisies. 14' 2® 15c. Potatoes—Supply, liberal; demand and trading moderate; market. about steady; Wisconsin Round Whites. 1 car. 51.90; commercial grade, $1.72',2® 1.75; Minnesota Round Whites, $1.80; Idaho Russets, 52.150i2.20; Colorado McClures, 52.45; shipments, 744: arrivals. 90; on track. 326. CLEVELAND, Feb. 7—Butter Firm; extras. 28c: standards. 27 3 jC. Eggs— Steady: extra w'hite. 18c: current receipts. 17'2C. Poultry—Firm; colored fowl, 4'2 lbs. and up. 16® 17c; Leghorn fowl. 12® 13c; springers Rogk 5 lbs. and up. 16® 17c; colored broilers. 20®21c : capons. 8 lbs. and up. 21'5 22c; ducks white 5 lbs. and up. 15® 17c; geese heavy fat, ll®13c: old roosters. 9®loc. Potatoes —l All based on U. S . No. 1 and 100 lb. sacks.). Maine Cobblers and Green Mountains best. $2.15 ®2.25: Idaho Russet Burbanks. $2.25®2.35: bakers. $2.15 per 50-lb. sacks; Ohio best. $1.90; fair. SI 50® 1.75; New York best. $1.75® 1.90: Colorado brown beauties, $2.25: Florida. $2.15®2.25 bushel crate. FIRE REPORTS (Tuesday) 8:11 a. m„ 2167 North Illinois, residence. small loss. 9:04 a. m.. 1572 College, drug store $lO. 9:30 a. m . 2447 Ethel, residence. $lO. 10:23 a. m.. Sixteenth and Shadeland. residence. $lO. 10:47 a. m.. 4000 Southeastern, residence. $lO 10:48 a. m.. 1343 Meridian, residence. $75. 11:11 a. m.. 2715 East Washington, residence $lO. 11:12 a. m., 720 East Ninth, residence, *lO, 12:10 p m.. 133 East Washington, drug store, small loss 12 27 p. m . 333 North Beville. residence, no loss. 3:20 p. m . Bolton and Ninth, grass fire. 5:08 p. m . 615 North Noble, residence. $lO 5:13 p. m.. Fifty-ninth and Monon railroad. grass fire. 6:27 p. m.. 818 Fletcher, residence, small loss 909 p. m. Twenty-seventh and Franklin place, false alarm. (Today) 12:20 a. m.. Audubon road and B. A O. railroad, log on fire. NEW YORK RAW SUGAR FUTURES —Feb. 6 High. Low. Close. January 1.75 1.73 1.74 March 1.62 1.59 1.62 May 1.64 1 63 1 64 July 1.67 1.65 1.67 September 4.71 L 69 1.70 December 1.7* 1.73 ,1-1*

PORKER PRICES STEADY TO 25 GENTSHIGHER Cattle, Vealers Strong and Active; Lamb Market Stationary. Two-way action featured hog trading at the local stock yards this morning, with all classes steady to 25 cents higher than yesterday’s average. Most strength was displayed in weights scaling from 160 to 250 pounds. The bulk, 160 to 150 pounds, sold at $4 80 to $5, while heaviest weights, 250 to 300 pounds, were selling at $4.40 to $4.70. Grades from 130 to 160 pounds brought $4.15 to $4.65. Slaughter pigs weighing 100 to 130 pounds, sold at $2.50 to $3.65. Receipts were estimated at 5,000. Holdovers, 286. Practically all classes of slaughter steers were active with she stock strong to slightly higher than yesterday’s price. Vealers were strong at $7 50 down. Cattle receipts numbered 800; calves, 600. Lamb prices held stationary considering quality on hand and good native grades in small lots brought $9 to $9.50. Lower grades were salable at $6 to $8.50. Receipts were 500. Asking on hogs at Chicago was sharply higher. Few initial bids showed an advance of 10 cents over yesterday’s average at $4.75 for 180 to 200 pounds. Receipts were estimated at 15,000, including 1,000 direct; holdovers, 2,000. Cattle receipts 9,000; calves, 1.800; market steady to strong. Sheep receipts numbered 6,000; market, unchanged. HOGS Feb. Bulk. Top. Receipts. 1. $3.60® 3.80 $3.85 4,000 2. 3.95'./ 4.15 4.15 5.000 3. 4.05® 4.25 4.25 2,000 5. 4.60 @ 4.75 4.75 4,000 6. 4.55® 4.75 4.75 6.000 7. 4.80® 5.00 5.00 5.000 Market Higher (140-160) Good and choice.. .$ 4.40® 4.65 —Light Weights—-(l6o-180) Good and choice.... 5.00 (180-200) Good and choice.... 5.00 —Medium Weights—-(2oo-220) Good and choice.... 4.90® 4.95 (200-250) Good and choice.... 4.80® 4.90 \ —Heavy Weights—-(2so-290) Good and choice.... 4.40® 4.70 (290-350) Good and choice.... 4.10® 4.40 —Packing Sows—(3so down) Good 3.00® 3.25 1350 up) Good 2.75® 3.00 (All weights) Medium 2.50® 2.75 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50® 3.65 CATTLE Receipts, 800; market, steady. (1,050-1,100) Good and choice $ 5.75® 7.00 Common and medium 4.00® 5.75 (1.100-1,500) 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 (750-900) Good and choice 4.50® 6.00 Common and medium 2.75® 4.50 Good C °-t7! 2.75® 3.25 Common and medium 2.25® 2.75 Low cutter and medium 1.25(g> 2.25 —Bulls (yearlings excluded) Good (beef steers) 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts. 600: market, steady. Good and choice $ 7.00® 7.50 Medium 4.50@ 7.00 Cull and common 2.50® 4.50 —Calves—-(2so-500) Good and choice S.so® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle) — (500-900) Good and choice 3.75@ 4 75 Common and medium 2.50® 3.75 (800-1,500) Good and choice 3.75® 4.75 Common and Medium 2.50® 3.75 SHEEP AND LAMBS Receipts, 500; market, steady. (90 lbs. down) Good & choice.s 9.25® 9.75 (90-110 lbs.) 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 EAST ST. LOUIS, 111., Feb. 7.—Hogs— Receipts. 7 000. including 150 direct; market fairly active on 200 lbs. down; 15 to 25 cents higher than yesterday’s average; heavies slow; pigs and light lights not established; bulk 160 to 200 lbs.. $4.60® 4.65; small lot, $4.75; practical top $4.65; load of 270 lb. weights, $4.35; sows mostly s3® 3.25. Cattle—Receipts, 1.800; calves, 1.200; market opened moderately active and fully steady on steers; mixed yearlings and heifers strong; beef cows steady to strong; cutters and low cutters, 15 to 25 cents higher; bulls unchanged; vealers steady to 25 cents higher; top $7.50 with some unsold; early steer sales, 54.50®5.60; mixed yearling and heifers, $4.2505,50; cows, $34/3.75; low cutters largely. $1.75® 2.25; top sausage bulls, $2.75; slaughter steers, 550 to 1,100 lbs., good and choice. $5,504/6.85; common and medium $3.25® 5.75; 1.100 to 1,500 lbs., choice. $54/6.60; good $4®6.25: medium. $3.50@'5.50. Sheep Receipts, 1.200; market, few choice lambs to city butchers 10 to 15 cents lower than early yesterday at $9.50 and $9.60; no early indications on others; lambs, 90 lbs. down good and choice, $8,504/9.60; common and medium. [email protected]; 90 to 98 lbs., good and choice. $8®9.60; yearling wethers. 90 to 110 lbs., good and choice. $6.50® 8.40: ew'es. 90 to 150 lbs., good and choice. $3 ®4.75; all weights common and medium. S2O 3.50. FT. WAYNE. Feb. 7.—Hogs—2o4/30c higher; 160-200 lbs.. $4.85; 200-250 lbs., $4.50: 250-300 lbs., $4.25: 300-350 lbs.. S4; 150-160 lbs., $4.25: 140-150 lbs., $4; 130-140 lbs.. $3.75: 120-130 lbs.. $3.25: 100-120 lbs.. $2.75; roughs, $2.75; stags. $1.75. Calves —57.50; western lambs, $9; native lambs, $8.50. PITTSBURGH. Feb. 7.—Hogs—Receipts, 1.500; holdovers, none; active, steady to 10 cents lower; bulk, 150-230 lbs., $5.15® 5.25; closely sorted on government account. mostly $5.25; 250 lbs. up. 54.50® 4.75; 100-135 lbs., s3® 3.75: lighter weight pigs down to $2.50; packing sows, largely $3.50. Cattle—Receipts. 10: nominal. Calves —Receipts. 100; steady; top and bulk vealers. $8.50; medium. s6®7. Sheep—Receipts. 1.300; generally a $lO market on desirable fat lambs, or steady; other classes higher: medium wool lambs, s7® 8.50; sheep up to $6: fat ewes quotable, $4.50 down: choice shorn lambs. $7.75. LAFAYETTE. Feb. 7 —Hogs—Market, 15® 40c higher; 170-225 lbs.. $4,654) 4.85; 225250 lbs.. $4,504/ 4.60: 250-300 lbs., $4.10® 4.40; 300-325 lbs.. S4; 140-170 lbs., $4.15® 4.40; 120-140 lbs., $3.4®3.90- 100-120 lbs.! $2.25® 3: roughs. $3.50 down; top calves. $6.50: top lambs, $8.50. CLEVELAND. Feb. 7.—Cattle—Receipts. 200: market steady and active; mostly cow and bull market; steers, choice, $6.2'5 ®6.75; good to medium, 550-900 lbs.. ss® 6; heifers. 600-1,000 lbs., $4,254/5.50. Calves —Receipts. 500: market steady; choice to good, $6.500 7.50; common. $4,504/5.50. Sheep—Receipts. 1.200; market 15 to 25 cents lower on finest wool tops: best price at $9.75: medium to good. s3®4; choice ewes. $3.500 4.50: choice lambs. $94/9.75; common and cull. $5.500 7. Hogs—Receipts, 900; market 25 cents higher to $5 top on lightweights; highest price since last fall; heavies. $4®4.25; light butchers. $3; Pigs. $34/3.25. By Times Special LOUISVILLE. Feb. 7—Cattle. 250: market moderately active, fully steady at week's level on slaughter classes: bulk, common to medium steers and heifers. $3.500 4.50: well finished fed offerings quotable to $5.50 and above; bulk beef cows, $2.50®3; top around. $3.50: low cutters and cutters mostly $1.2502.25; sausage bulls. $3.25 down: common to medium native Stockers and feeders. 52.5003.50; most well bred light beef tvpe Stockers. $4.500 5. Calves—Receipts. 250; steady; bulk better vealers. $64/ 6.50; strictly choice eligible. $7: medium grade vealers mostly ss® 5.50: plainer sorts. $4.50 down. Hogs— Receipts. 1.000; 25 cents higher; top and bulk. 170-210 lbs.. $5: 215-240 lbs.. $4.65: 245-270 lbs.. $4.45: 275 lbs. up. $4.35; 140165 lbs.. 55.35: 110-135 lbs. $3 85: sows, stags. $2 15. Sheep—Receipts. 25: market steady; bulk medium to good lambs. s7® 8: choice quotable to $8.50: bulk throwouts, $5; fat ewes mostly $24/2.50.

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coai dealers. A cash discount of 25 cents oer ton is allowed. DOMESTIC RETAIL PRICES Anthracite $14.25 Coke nut size 8.75 Coke, egg size 8 75 Indiana, forked lump 8.50 Indiana, egg 100 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 925 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 8.50 Island Creek .V !!. 7.00 Extra charge of 80c a ton for wheeling coal, and 81 a ton for coal carried to Mu

—Today and Tomorrow— St. Lawrence Treaty With Canada Goes Before Senate for Ratification. BY WALTER LIFPMANN

IF there were not so many other things to be interested in. the country as a whole would find plenty of excitement in the St. Lawrence treaty with Canada, which is "now before the senate for ratification. Under this treaty the interior of the North American continent will, for the greater part of each year, obtain access to the high seas. The only important barrier which still blocks the passage of ocean-going steamers into and out of the Great Lakes is in a section of the

St. Lawrence river where for about 120 miles there are rapids. There is already a Canadian canal, available to small ships, around these rapids. To remove the barrier effectively for large ships joint action bv the United States and Canada is necessary. This joint action is provided for in the treaty. The cost to the United States is estimated at $272,000,000. The time needed to complete the project is estimated at from seven to ten years. The effort of the people of the interior, both in Canada and the United States, to obtain access to the high seas covers a period of more than 200 years. Step by step they have built locks, dredged channels and dug canals around rapids and water falls in their struggle to conrfect the Great Lakes with the Atlantic ocean. They are now within sight of their goal They

have all but overcome the obstacle at Sault Ste. Marie between Lake Supenor and Lake Huron. By means of the Welland canal they have % r f4Th ent?d v/ Nia ? a J a Falls ‘ The only big work remaining to be done is at the rapids of the St. Lawrence river. .. Tbe P r °j ect n <> w before the senate has been investigated for more nf a fh tVV |! lVe J ears ' been a PP roved by the enginers on both sides of the boundary, it has been advocated by President Hoover if % advocated by President Roosevelt. The general pS does not need * any further ' A P which, after twelve vears of detfh h ? S the su P por of the tWO governments ought to be acceptable quesUon 3 '™ 311 Who haS “° time to study the technical aspects of S rm C £° r !}° W 3re T e ever t 0 make up our mind s about anything if we nat“na?lnX™ Br0l °" M expm ' *■> interAsa matter of fact, the easiest way to assure one's splf that abler or more public-spirited men< e e are lew

in me senate than Mr. Wagner. But if ever there was a lame performance, it is Mr. Wagner's minority report. It is so lame that I am almost inclined to suspect that the senator is opposing the treaty because he thinks it is his conventional duty to “protect” the Port of New York from the supposed competition of the sea-way. Mr. Wagner objects first of all on the theory that the new deal has given up the notion that foreign markets are of any account. Even if that were true, which it is not, the argument would be a boomerang, for how is the senator ever going to make a case for using federal money to improve New York harbor. He then objects because the cheaper rates on ships will play “havoc” with railroads. ana THERE are two things to be said about that. One is that the railroads have been playing havoc with themselves throughout the depression by holding up rates at an uneconomic level, and, as they are beginning to see, if their rates came down they would do more business. But the more important argument is that cheaper transportation for the interior of the continent will in the long run increase the volume of commerce; the fear that It will ruin the railroads is based on the fallacy that the volume of commerce is a fixed quantity which has to be divided up. It is not fixed. Commerce increases when costs are reduced. The effect of this seaway should be to increase the total of all goods that have to be transported, and therefore the amount of goods which railroads can transport more efficiently than ships. Mr. Wagner’s third objection is that the cost to the United States will be not $277,000,000, but $573,000.000. Let us suppose he knows more than the engineers. Still, the argument is a poor one. The city! of New York in the years between i 1927 and 1931 spent $360,000,000 on; subways to carry its population to! and from work. Surely the United! States is entitled to spend at least; as much on a system of transportation which would be immedately available to the people of about sixteen states. It is strange to hear Mr. Wagner, who has been a pioneer calling for public works, declaring that this is a public work which is “too extravagant.” The argument is so feeble that it is inexplicable except on the theory that Mr. Wagner thinks it his duty to go on record for the alleged interests of New York. But if that is j what he is doing, it may be recalled that Mr. Roosevelt is a New Yorker, too, and has twice been Governor of this state, and presumably has no intention of injuring it. 808 APART from the intrinsic merits of the project, there is a compelling reason why this would be an appropriate and dramatic moment to decide to carry it out. For nearly four years this country and the rest of the world have been overwhelmed with the sense that there were no great enterprises left, that the period of construction was over, that we were sunk under the weight of useless wealth, and that all that was left to do was to accept economic defeat and make the best of it. This is the psychosis of every great depression, and a nation does not emerge from depression until it breaks away from it and begins to believe again that there is more to be done in the future than was ever done in the past. To ratify this treaty now is to affirm our faith in the future, to act in the spirit of enterprise, to do the same sort of thing which men ; did when they spanned the con-j tinent with railways, when they j opened Suez and Panama, when i they believed as all vital peoples j must that the breaking down of i the barriers to the movement of commerce is in the long view a benefit to every one. We have had quite enough of the idea we must not plant, must not manufacture, must not build, must not expand, must not work, that we have too much machinery, too many people, too much capital, too much land, too many roads, too many buildings, and that our only hope is to restrict, reduce, limit,; control, diminish, tear down, plow under, close down, raze, dump, j throw away. This is a good treaty and a good project because it is based on the simple truth that the way to raise; the standard of life is to increase commerce by making it more efficient. (CopvriKht. 1934. by The Times/ NEW YORK COFFEE FUTURES —Feb 6 —Santos— High Low Close. March 10.11 9.98 9.98 May 10 33 10 22 10.22 Julv 10.46 10.30 10.30 September 10.75 10.63 10.63 December 10 82 10.75 10.75 —R,o— March 7.86 7.71 7.71 May 8.03 7.87 7.87 July 8.10 7.98 7.98 September 8.21 8.09 8.10 December 8.20

'

Lippmann

Bright Spots

Bv Abbott, Hoppin & Cos. International Safety Razor Company for year ended Dec. 31 had net profit of $32,801 after depreciation, federal taxes and other charges against $21,516 in 1932. International Nickel havS declared a dividend of 10 cents on the common stock, the first since 5 cents a share was paid in the December quarter of 1931. • Report of the Commercial Credit Corporation and subsidiaries for year ended Dec. 31 shows earnings ot $1.52 a common share after preferred dividends, against 64 cents a share on the combined preferred stock in 1932. Lima Locomotive Works for year ended Dec. 31 reports net loss of $646,892 after all charges, against $890,536 in 1932. Total carloadings of the Chicago & Northwestern railroad lines for the week ended Feb, 3 were 22,938 cars against 22,438 in the previous week and 18,403 in the like 1933 week. Evans Products Company has received an order for 500 automobile loaders from the Pennsylvania Railroad Company, and an initial order for 200 units from the Baltimore & Ohio Railroad Company. Columbia Carbon Company has declared an extra dividend of 25 cents in addition to the regular quarterly dividend of 50 cents. Parke Davis & Cos. in year ended Dec. 31 earned $1.41 a share against $1.21 a share in 1932. Southern Pacific Railroad Company carloadings for week ended totaled 17,180 cars against 17,745 in the previous week and 14.246 in the like 1933 week

Indianapolis Cash Grain

* —Feb. 6 The bids for car lots of srain at fhp call of the Indianapolis Board of Trade York rV P ° int ' bBSiS 41!i NeW reri Vh 8 ea ® : 7'v ea M : !; ed ' 87/®88c; No. 2 red, 86&87C, No. 2 hard. 86®87c. M/P°i n^ S . No - white, 43%®44%c----®4af r hl lf a No - 3 yellow 42% 0 43%c, No. 4 yellov:. 41%®42%c No a 41 1 ,2 ® 42^2C; No - 4 mixed,' 40%® 3 whn^ 5 330 N °' 2 Whit6 ' 34 ® 35c: No ’ (1, °- b - country points taking 23' c or less rates to Cincinnati or Louisville/ ®°7 50 tlmothy ' S7 - 5 0®8; No. 2 timothy, $7 Wheat—No 1 red, 1 car; No. 2 red 4 ars ’ _ Nt> - 1 hard. 2 cars; No. 2 hard’ 1 Vtl’ m o ' o 1 mixed - 1 car; No. 2 mixed 1 M m i xed ,' 1 car - Total. 11 cars’. } inS? rn ?r 0 ' white, 2 cars; No. 3 white 10 cars. No 4 white. 4 cars; No. 2 yellow’ 2 cars; No. 8 yellow. 20 cars; No. 4 yellow’ wr- S; N ° > ye , 1 , 10W ' 1 ca r; No. 6 yellow J car ' sample yellow. 1 car; No 2 mixed 1 Oats N Nn 4 i 1 , car ' Total ' 63 cars! 3ca No iLh e ' t 2 cars: No 2 white - Rm’ Mn' ? w . hlte - 5 cars Total. 10 cars. 12 carT ’ Car: N °- 2 ' 11 cars ’ Totai ' INDIANAPOLIS WAGON WHEAT fn? U iL Sr ? in $J evat ors are paying 85 cents onthe°ir 2 m S e?its. reCl Wheat ' ° ther * rades

In the Cotton Markets

—Feb. 6 CHICAGO January Hi?h. Low. Close. SJ?r c h 11.91 11.60 11.91 October 1241 1217 mi December .12:54 12 28 12 54 NEW YORK January 12 40 March 11.80 11.53 11.78 av 11.96 11.69 11.96 l u j£u 12.14 1186 12.12 October 1234 12.08 12.33 December 12.47 12.23 12.45 NEW ORLEANS January i2.r,2 12.30 12.52 March 11.83 11.59 11.83 -llav 11 99 11.72 11.97 Jhlv 12 17 1189 12.15 October 12.35 12 09 12.35 December 12.46 12.20 12.46

On Commission Row

—Feb. 7 Fruit* lb Cl box bC 72 e 2 S T Cai)e COd €arlV blacks * 25 ' —South American honey dew, S3 dO a crate. Pears - Washington A'AJou. 00-135*. *2.50: Avacados. Fla.. 16-16s. crate. 51.50 Strawberries—Florida. 16c per pint. Bananas —Per pound sc. Apples - Wealthy Wolf River. Grimes Golden. Jonathan. Florida, 51. 5023 a bu • farcv Stavmans. $2.25 a box. Grapefruit—s3 25<g3.75. Orange—California ravels. 53.502 4.25 g box Vexetable* Cabbage Eastern Danish 50-lb bag 51.50: new Texas. 50-lb. crate. S3 Onions—lndiana white 50-lb. bag 51.40Indiana yellow 50-lb bag 51.50. Beans—Round stringless hamper $2.50. Beets—Bulk per bu $1.15: Texas new $1.75 a crate Peas—4s-lb. crate. $5.50. Carrots—California. S3 a crate: per doz 60c; bulk per bushel. $1.15 bushel. SI. 15 Cauliflower—California < 11-12 c) crate SI. 65. Celerv Michigan Mammoth, dozen. 75c: medium bunch. 40c: hearts. $1.25: 18bunch per crte, 51.25: California. 52.75 a crate. Cucumbers—Hothouse. $1.40 per dozen. Lettuce —Iceberg, best (4-ssi. crate. $3 50 g 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-Ib. bag. 52.35: R R Ohlos 100-lb bag. $2 35: 15-lb. bag. 40c; Idaho Russets. 100-lb bag, $2.75: Texas Triumphs, new. $2. 50-lb. bag Sweet Potatoes—Nancy flails, per bu.

PAGE 13

SELLING DRIVE FORCES GRAINS OFF FRACTIONS * ✓ | 'Z Break in Prices Necessary to Create Action on Buying Side. BY HARMAN W. NICHOLS. Unitfd Pres Staff Correspondent CHICAGO. Feb. 7. The grain market was depressed by irregularly lower stocks today and opened lower | on the Board of Trade. Wheat deliveries opened % to % I cent lower, corn was unchanged to ! cent lower, and oats were unchanged to % cent lower. Selling orders collected at the 1 start with commission houses leading. Brokers felt the market needed anew sort of stimulant. For some time past neither the bulls nor the bears have taken much encouragement from the actions of the market, and the opinion was ; fixed with some that a change in weather conditions and a break in prices will be necessary before there will be any good action on the buying side. Chicago Primary Receipts —Feb. 6 —Bushels—- ,,,. . Today Last week Wheat 317.A00 248.000 Corn 730.100 541,000 Oats 130,000 130.000 Chicago Futures Range —Feb. 7 WHEAT— p r ev. High. Low. 10:00. Close. May 92% .92 92% .92% July 91% 90% .91 .91% Sept 92% .91 % 92% .925. CORN— May 52% .52% .52% 52% July .54% .54% .54% .54% SePt • 56% .56 .56% .56% OATS— May 38 .37% .37% .38 July .37% .37% Sf RYE— 36 ' 14 365 ‘ ' 36 '''’ ' 36:l!<, May 62% .62% .62% .62% Sept 65% July .. .63% .63% BARLEY— May 52 .52 July .. .52% CHICAGO CASH GRAIN By Vnited Press CHICAGO. Feb 6—Cash grain; WheatNo. 5 red. 90%c; No. 2 hard, 92%c No. 3 hard. 91%r; No 5 hard, 87%®87%c; No. 2 Northern, 92c. Corn—No 2 mixed. 49%cNo. 2 mixed, old, 51 1 2 c; No. 3 mixed, 48% ®49'4C: No. 6 mixed. 46%0; No. 2 yellow, 50%®51c; No. 2 yellow, old. 51%®52c: No. 3 yellow. 49%4/50c; No. 4 yellow. 48%® 48%c; No. 2 white, 51c; No. 2 white, old, 51%c; No. 3 white, 49%®50c. Oats—No. 2 white. 38%c: No. white. 36%®37%c; No. 4 white, 36%®37%c Rye—62%c. Barley—--53®81c; quotable, 504/82C. Timothy—s6.9o ®7.15. Clover seed—slll4 25. Cash provisions—Lard, $6.02; loose, $5 32: leaf. $5.37; S. Bellies, $7.25. TOLEDO CASH GRAIN By Vnited Press TOLEDO. Feb. 6.—Grain close: (Grain in elevators, transit billing/. Wheat—No. 2 red, 95%® 96%c. Corn—No. 2 yellow, 55% ®56%c. Oats—No. 2 white. 42®48c. Rye —No. 2. 68%4/69%c. (Track prices 28%c ratei. Wheat—No. 1 red. 92#92%c; No. 2 red. 914)91%c. Corn—No. 2 yellow, 51® 52%c; No. 3 yellow, 49%®51%c; No 4 yellow, 48®49c: No 5 yellow, 46%®47‘/2C. Oats—No. 2 white, 39®40%c; No. 3 white, 38%®40c. Seed close: Clover—March, $8.25. Alsike—Cash. $8.50. NEW YORK CASH GRAIN By Vnited Press NEW YORK. Feb. 6.—Cash grain: Wheat —No. 2 red, $1.10; No. 2 nard winter, $1.10; No. 2 mixed, 61c. Oats—No. 3 white,4B %c. ST. LOUIS CASH GRAIN By Vnited Press ST. LOUIS, Feb. 6.—Cash grain close: Wheat—Good demand: steady to %c lower; No. 2 red. 94%c: No. 3 red, 93%c; No. 2 red garlicky, 924/93%c; No. 3 red garlicky. 93c; No. 2 hard. 93%c nominal. Corn —Goodjdemand, unchanged to %c lower: No. 2 mixed. 49%4i50c: No. 2 yellow. 50® 50%c; No. 3 yellow. 49%®50c; No. 4 ye% low. 48%: No. 2 white. 51%c; No. 3 white, 51 %c. Oats—Good demand No. 2 white, 39’j 4/40c: No. 3 white. 38%c; sample white. 35c: No 2 mixed. 39c; sample mixed 35c; No. 2 hurt. 39%c; No. 4 hurt, 38%C. GUARD PLANES TAKE OFF ON TEST FLIGHT Three Ships Leave Boston for New Orleans Hop. By Vnited Press BOSTON, Feb. 7.—Three Massachusetts national guard biplanes left Boston airport early today on a one-day flight to New Orleans. The planes were equipped for blind flying and expected to cover the 1,500 miles in fifteen hours. The flight was to test feasibility of transfer of a military unit from one end of the country to another-, in one day. Births Boy* William and Rebecca King. 233 North Jefferson. Albert and Sudie Drummond, city hospital. Fenton and Dorothy Daniels, city hospital. Girls. Robert and Marv Thatcher, city hospital. Melvin and Naomi Cain, city hospital. Robert and Ruth Cobb, citv hospital. Harold and Cynthia Gossett. 1214 LaureL Dent and Martha Graves. 2005 Quill. Deaths Joseph Parrish. 50. Central Indiana hospital. hypostatic pneumonia. Lydia M Carpenter. 94. 1247 Charles, arterlo sclerosis. Walter Aldrich. 29. citv hospital, skull fracture. Marv Louise Cardinal. 86. 2201 Weit Morris, cerebral hemorrhage. Jacob A. Schaich. 66. 1510 Roach, broncho pneumonia. Thomas Lambert. 74, 925 North Holmes, carcinoma Joe E M'.tcalfe. 35. city hospital, arterlo sclerosis. Charles F Mueslng. 55. 333 East Minnesota. pernicious anemia Will’am Perk. 62. 2808 North Illinois, diabetes mellitus. Charles Sandlin. 46. city hospital, broncho pneumonia Catherine Biddle. 84. St. Vincent's hospital. lobar pneumonia Steve Rapia 46 818 West New York, cirrhosis of liver. Jane Donehue, 61. 1637 Cornell, hepatic William Alph. 81. 4907 East Sixteenth, myocarditis Mary M. Leruty. 86. 615 Buchanan, cerebral hemorrhage. Plumbing Permits L. B Skinner. 204 South Holmes, two fixtures. William Elliott. 1849 South State, on* fixture. Ed Bell. 2601 Rader one fixture. John Irvin, 910 East Twentieth, two fixtures. Carl Eggert. 318 North Beville. four fixtures. C Carlisle Company. 1816 DeLoss. one fixture. ROBS HARDWARE STORE Trail of Blood Leads Police to Uninjured Man. Tracing a trail of blood left by a burglar who bad cut his hand gaining entrance to the William O. Moore hardware 'store. Cruft and Shelby streets, last night, police arrived at the home of William Harry Moore, 34. of 1218 Cruft street. He was not injured but was held for questioning. The burglar stole articles valued at $25 from the store. Mr. Moore told police. Sergeant Walter Clafley investigated. German Monarchists Dissolved By Vnited Press DESSAU, DUCHY OF ANHALT, Germany, Feb. 7.—A1l monarchiat organizations were dissolved today by the ministry. Their property was confiscated. $