Indianapolis Times, Volume 45, Number 240, Indianapolis, Marion County, 15 February 1934 — Page 15

FEB. 15, 1931.

-Wall Street

Excessive Regulation of Stock Exchanges Might Bring Harmful Results to County. BY RALPH HE.VDERSHOT

Tlfflti iMcitl Financial Writer While the brokers have the biggest stake in the stock market business of the country, every one is concerned to a greater or lesser degree No matter what any one may think about the way these exchanges have been managed in the past, it is imixissible to escape the fact that they play an important part in the general financial scheme of things. Even the government finds them lrUispensable in the flotation of new securities. Under the circumstances, therefore, there would seem to be little point in placing so many restrictions around their operations that they can not function properly. And such regulations are unnecessary to correct most of th<- abuses to which the markets have been subjected.

While it might be very effective to cut a person s arm off if he is caught picking up something which does not belong to him. this remedy has not been adopted in the prevention of theft. The establishment of a 60 per cent margin regulation would be effective in reducing speculation to a minimum if it were made water tight. But if the banks are permitted to loan more than 40 per cent on securities speculators are likely to take their business away from the brokers and give it to the bankers. And if the bankers here are barred from taking such business Canadian banks might be glad to accept it. nun Results of Speculation And there Ls reason to believe that a complete or nearly complete stoppage of speculation might not work out so well in actual practice. No market ever amounted to much if it lacked the element of speculation. It is the presence of speculation which makes

Ralph Hrndershot

it possible for a person holding securities to dispose of them at any time for cash. And it is the easy salability of securities which makes them attractive to a great many people. Asa result of the security markets which have been created, corporations have been enabled to secure large amounts of funds without difficulty. The banks are not geared to handle such operations, so without real market places our corporations might be obliged to limit their expenditures largely to those which they could not finance out of earnings. Excessive speculation obviously is a bad thing, whether it be in the stock market, real estate or anywhere else. The Florida land boom was lully as disastrous, although on a smaller scale, as the bull market of 1927 and 1928. And the farmers are still paying for their speculations in land following the war. when wheat prices reached such high levels. And it is just as obvious that the market abuses were detrimental to the country. Reasonable and fair sponsorship for stocks serves a good purpose for both the buyer and the seller of securities, but pool manipulations and otherwise rigged markets are decidedly harmful. They hurt e ven the brokers by destroying public confidence. The pool operators and the riggers are racketeers and rightfully should be driven out of the market. *a* * * * Racketeers and the Markets There would appear to be little advantage in driving out one set of racketeers, however, and making room for another set. “Ambulance chasing ’ lawyers are not. a particularly high type of person and it would be unfortunate indeed if they were permitted to get a foothold in the security markets. And unless the rules and regulations governing trading are reasonable, and unless they are clearly defined, there is grave danger that a few years from now the courts will be filled and the brokers will be badgered bv this sort of individual. The eighteenth amendment developed the bootlegger, the divorce laws of New York state have increased the sale of round-trip tickets to Reno and the Treaty of Versailles gave Hitler to Germany. Unreasonable regulation of the security exchanges might bring similar results.

New York Stocks ißr Abbott. Hoppin A Cos.)

—fYb. 15 Prev. Oil*—■ High. Low. M 30 close. Amerada ■■■ *9 * if, All Rig .A 33 33% 33 32 * Consol Oil ••• I* 1 * }i, 4 Cont of Del 19 % Houston i new 5 4 Houston iold> .. .. ••• 28 fi.. Mid Cont Pet . .. ... 4 Ohio Oil 14% I*% }4% 14 t Pet Corp Ji,” }' Phillips Pet 11% ‘I Tire Oil ..*,.••? •• —12,? H,' SOd Oil . ..V 32 ■ 32 SfcWley Oil •••• •• **v # i‘7 , 2 17 3 * Soc Vac (. •*4 *4 2 *i, SOof N J 47% 4.% Texa.-. Corp .. *7 20 • -< 26S Tidewater Assn }®% l®,* l'n Oil of Cal 18% 18% Am te ßolT Mills. 26% 26% 26% 26% Beth Steel 47% 46% 47 % 46 2 Bvers AM 30% 30% 40*. 30 Col Fuel At Iron .. ••• ,*■ Cruc Steel ..... 31% 30% 31 . 30 • C.ulf Sts Steel ••• 22, Inland Steel ’S, 2 Ludlum Steel .. .. ••• -it lb 2 McKeesport Tin .. ... 9° Natl Steel • ■„ •ii I . 2,, Rep 1 At Stl .. 22% 22 22% 31% Rep I A Stl pfd . 34 53 L S Smelt ...131 1-9 • 131 * Vanadium 2b’* -6% 26 26% Mid Steel \L* US ll Pu£ i-W. 32% *32 32% s*£sl a*::: :: ::: S% *2*: Youngstn £Sc T. 30% 30 30% 29% Atchison f9% 88% 69% 69 Atl Cst Line .... 51 50% ol ,* B Sc ?la* Ch & Ohio 44 . 44 a Chi Sc Ot W 5 C M * St ■■ 1 ■ CMSc S P p!d 11* 11,* Chi R I*l 5,* Cht R 1 77- pfd 9 2 Deia Sc Hud 69 be * lie,a at % 22% 22% 22 Gt Northern 30% 2?% 30% 2% 11l Central 35% .>5 35 x 34 * K C Sou 1* 4 Lou A- Nash .... ... ••• 88 MK & T 13% IS 13% 12% Mo 3 ♦ 2j* Mo Pac pfd .. ... * < * N Y Cen .. . 42% 4*% 42 42 N Y Cht Sc St L ‘3 NY CScSt L ptd 30% 30 N Y New Hav 21% 20% N Y Ont A \V P s •• 1® Nor Pac 33% 32^ P-nn R R • 3tr 30** stu Pac ...... . 31*. 31U 3l*i. 31 *>u R R . 35 34*. 34% 34% Sou R R ptd. 3, 4 Union Pac 4 Wabash .? 2 West Mary ..... .. ••• 1® 13 Motors — Auburn - 33 2 Gen Motors ... 39 * 39 . Graham Mot .. ~ ... • , -?> Mack Truck 38 J, 4 Nash 2 9^ Packard 4 * i Reo *' Studebaker .... .. J a Yellow Truck 9 * Motor Access— ... Bendix ••• -® * *2 s' Bohn Alum .... • ■ 83 b. Borg Warner . 25*4 25% 25% 26 Briggs ■, I® 2 Budd Wheel .... ... 4% 4% Eaton Mfg .... 21 20% 21 20% Elec Auto Lite 2. a 2< Houd A 6 5% Mullins Mfc J* 12 2 Murray Body 18% 10 4 Stew Warner .. .. ... _?% 9 Timken 39 % 39 A%s"i n ‘jTn 22% 22% Am Smelt 50% 50 50% 4!T, Anaconda 18% I?,* Cerr* Granbv • * • Gt Nor Ore 14 14 3^; iS rund Mm : 48% '46% '48% 3 i* I 1 "* wSSSF.::::::: ::: % I*l C.eek Coal Noranda Cop f* Phelps Dodge ... •• ••• 18% 1* Tobaccos — Am Snuff ?2 2 Am Sum Tob ... .. ... 18% *• • Am Tob A i?. 4 Am Tob 3* ‘ 3 % Gen Cigar jj-a USK * Mv B .% 88% v: ::: % % Am Car A Fdv 31% Am Loco ...... ••• 39 % 35 a Am Mach Sc Fdv 18% If An; Steel Fdy , 24 a 24% Bald Loco 14% 14% 14% 14 Burrougba 18 17% 18 I>% Case J ■ *8 Ca-er Tract 30* 30% Colfi Palm Peet 13% 13 Congo Ipum 29% 29 Foster Wheeler 21 20% Gen Am Tank C 40% 48% 40% 40 Gen Elec .... 23-: 23 % 23% 23 Gen R R S.g % ... JO % In*sol Rand .*?% Int Bus Mach .... ... ... 145% Int Harvester .. 45 44% 45 44% Keieinator 18% I*‘ Natl Cash reg .. 22% 22 22% 21% Proc A- Gamble 38% 38 Pullman Inc ... ... ... 55% 55% Simmons Bed .. ... ... 21% 21% Und Elliot 48 45% We*t Air B ... . 33 Wesungh Elec .. 43% 43 43 43% Inline*— Am Sc For Parr. 11% 11% Am Power A- Lit 10*4 10% A TA- T 121** 121 1 a Am Wat Wks 23* 23% Colv Gas Sc Eire 17% 17% 17% 17% Col O A E pfd 70% Com A Sou .... .. . . 3% 3% Consol Gas .... 43% 43% 43% 43% Elec Pwr A Lit 8% EP A L pfd 16% 15% Int TA- T 15*4 15*a Lou O A E ‘A‘ . ... ... ... 17 Nat Pwr A Lit ... ... 13 12% North Amer .. ... ... 22% 22% Pae O A E 21 Pub Serv S J 41% 41% So Cal Edison .. 19% 19% 19% 19% Std Gas 14% 14% Std Gas pfd 14% United Corp ... 7% 7% UnOaslmp ... 16% .b%

Western Union . ... ... ... 61% Rubbers— Firestone 23% Goodrich 17% 17% 17% 16% Goodyear ...... 40% 4040% 39% U S Rubber 20% 20% U S Rubber pfd 44 43% Kel Spring 3% 3% Amusements— Crosiev Radio 12 Fox Thea 16% 16% 16% .. Loews Inc 33% 35% 33% 32% Radio Corp .... 8 7% 8 8 RKO ... 3% 3% Warner Bros .. 7% 7% 7% 7 Foods— Am Sugar 55% Armour A 5% 5% Borden Prod .. 25% 25% 25% 25 Cal Packing 25 Canada D G Ale 25 % Cont Bak A 12% 12% Corn Prod 75 73% Crm of Wheat 32% 32 * 2 Gen Foods 34% 34% 34% 34% Gold Dust ... 20% 20 1 4 G W Sugar ..... ... 30'4 29% Int Salt .. ,v. ... 24% Loose Wiles A. .1 .1,. ... 41 Natl Biscuit mt j. .. .t. 43% 43(a Natl D Prod 15% ... Purity Bak .... .. a. 17% 17% Std Brands 22% 22% United Fruit ,'x ... 63'2 Wrigley ... 59% Retail Stores— Ass Dry Goods ... ... ... 17 Best & Cos ... X .U 31% 31% Gimbei Bros .... .‘. j.. 5% 5% Gimbel pfd 27 Gr Un Tea 7% 7% Hahn Dept Sts.. .. ... 8 7% Jewel Tea .... 45' 2 Kresge S S 20% 20 % Kroger Groc ... 31% 21% 31% 30% Macv RH ... ... 59% Mav Dept St - ... 39 Mont Ward 34% 34 Pennv J C 63 63 (2 Safewav St 54 1 2 54 Sears Roebuck .. 49% 49% 49% 49% Wooiworth 52 51% 52 51 Aiiation— Aviation Corp .. 7% 7% 7% 7% Doug Air 24% 24% 24% 24% Curtiss Wright.. 4% 4% 4% 4% Curtiss Wr A ... ~ ... 10% 10% Nor Am Av .... 6% 6% 6% 6% United Aircr ... 23% 23% 23% 23% Chemicals— Air Reduc ...... .. 101% Allied Chem 152% Am Com Alco 50% 50% Col Carbon 68% Com Solvents ... 30% 29% 30% 29% Dupont 102 101% 102 100'2 Frepport Tex 47 46' 2 Liquid Carb 28% Mith Alkali 36% Tex Gulf Sulp 40 39% Union Carb 46% 46% U S Ind Alco .. 53% 59 59% 59 Nat Dist inew). 28% 28 28 27% Drugs— Coty Inc 7% 7% Lambert 30 Lehn Si Fink ... .. ... ... 19% Zonne Prod .... .. ... 6 3 , 6% Financial— Adams Exp 10% 10% Allegheny Corp ... 4% Chesa Corp .*. ... 42 Transamerica ... X X. 7% 7% Tr Conti Corp ... ... 6 5% Building— Am Radiator ... 16% 16% 16% 16% Gen Asphalt 20% Int Cement . ... .33% 33% Johns Manville .63% 63% 63 1 2 63 Libbv Owens Gls 40% 40% 40% 39% Otis Elev 17 17% Ulen Const -... 3 Miscellaneous— Am Bank Note.. .. ... ... 19% Am Can 105% 105% Anchor Cap ... 20% Brklvn Man Tr. 34 33% 33% 33 Conti Can 80% 79% 80% 77% Eastman Kodak. .. ... 90 88 Owens Bottle ... 90% Gillette ... 11% 11% Glidden 21% 21% 21% 21% Gotham Silk 10 Indus Ravon 85% Inter Rapid Tr 107s Real Silk Hose.. 12

Investment Trust Shares

(By Abbott. Hoppln A Co.i —Feb. 14— . Bid. Ask. American Bank Stocks Corr. 1.14 116 American & General Sec A... 5.50 7.00 American A Inv Tr Sh 2.00 3.00 Basic Industry Shares 360 3.70 British Type Inv Tr Sh 74 82 Collateral Trustee Shares A 467 5.12 Corporate Trust Shares ioldt 2li 223 Corporate Trust Shares inew l 249 2.52 Cumulative Trust Shares.... 430 .... Diversified Trust Sh A 6 12 Diversified Trust Shares 8... 837 862 Diversified Trust Shares C., 332 336 D:\ersifled rust Shares D. ,T. 510 520 First Insurance Stock Corp.. 127 1.32 First Common Stock Corp.... .95 1.10 Fixed Trust Oil Shares A.... 887 9.12 Fixed Trust Oil Shares 8.... 7.75 800 Incorporators Investments.... 19 12 20.50 Land Bank Bond Shares 1 06 1.11 Low Priced Shares 6 37 6 62 Mass Inv Trust Shares 19.81 21.30 Nation Wide Securities 3 49 3.52 North Am Trust Shares iSSI. 189 North Am Trust Shares 55 1 . 255 2.56 North Am Trust Shares 'sß'. 285 3.00 Selected American Shares ... 320 .... Selected Cumulative Shares . 700 .... Selec'ed Income A Shares... 380 4.00 Std Am Trust Shares A 309 315 Trust Shares of America 2 96 3 00 Trustee Std Oil A 5 62 5 87 Trustee Std Oil B 525 550 U S Electric Lt A- Pwr A 13 25 13 75 Universal Trust Shares ...... 320 338

U. S. Government Bonds

fly United Prttt NEW YORK. Feb 14 —Closing Liberties: i Decimals represent thirty-seconds) LIBERTY Ji as i32-4?) 101 31 First 4',s .32-47* 102 18 Fourth 4>.s (33-38) 102 21 TREASURY 4’ 4S 35 (45* 100.11 4.S 47-52) ...... 108 4 3Hs <43-471 100 M 3Hs <4l-43i March 101. 3H* (40-43) June 101.3 l>l <4l< 100.14 *ftr SX&UWJ&m. ftu ■

AMERICAN CAN RISES TO NEW 1933-34 HIGH Others Jump Fractions to More Than 2 Points; Trade Active.

Average Stock Prices

Average of thirty industrials for Wednesday: high 107 21 low 104 64. close 106.78. up 63 Average of twenty rails: 50.81. 49 86 50.70. up 33. Average of twenty utilities 28 75, 27 95 23 66, up .23. Average of forty bonds 91 49. up 33. Average of ten first rails; 96 77. up .28 Average of ten second rails: 81 34. up .67. Average of ten utilities: 94 89. up .13. Average of ten industrials. 92 96. up .25. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Feb. 15.—Gains of fractions to more than two points were recorded in the stock market today as traders took a more optimistic viewpoint towards proposed market control legislation. Ail divisions—with the exception of some of the aircraft companies—shared in the rise and some of the old-line industrial leaders were in the forefront. Particularly in this group were American Can, rising to anew 1933-34 high, with a gain of more than two points at around 107 s s, United States Steel with more than a point gain above 58 and Du Pont, 2*4 points higher at 102%. Rails showed good strength. New York Central gained 1 ! 4 to 4314, Southern Pacific was up more than a point at 32% and Southern Railway was 1% better at 36. Delaware & Hudson advanced more than two points to above 70. Motors had a rather considerable demand in early afternoon trading. Chrysler spurting above 59 for more than two points gain. General Motors gained 1% to 41.

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 15. 1 Clearings $2,151,000.00 Debits 6,670,000.00

Treasury Statement

By United Press WASHINGTON. Feb. 15.—Government expenses and receiots of the current fiscal year to Feb. 13. compared with the corresponding period of the previous fiscal year: This year. Last year. Expenses. $3,919,782,839 01 $3,179,630,379.92 Receipts.. 4.610.057,098 87 1.200 369.921.30 Surp 5... 690.274.259.86 *1.979.260.452.62 Cash bal.. 4.225.325.334.11 •Deficit. New York Curb (By Abbott. Hoppin & Cos.) —Feb. 14Close, Close Allied Mi 115.... 8% Gulf Oil of Pa.. 70 Alum Cos of Am 71% Hiram Walker.. 43% Am Cvanide 181 197, Hud Bav Min... 9% Am Gas & El.. 31 Humble Oil 39% Am Superpower 3%!lmp Oil Ltd... 13% Asso Gas & El 1% Int Petrol 22 Atlas Corp .... 13% Lake Shore Min 44% Brazil Tr & Lt 12% Libby McN Libby 4% British Celane.se 3’, Lone Star Gas.. 7% Can Indu A1 A 16 Natl Bellas Hess 3 Carrier Corp... 8 Newmont Min.. 53% Cities Serv.... 3'% Nia Hud Pwr... 7% Consol G of B 61 Novadel Agene.. 63 Cord Corp .... 7% Pan-Am Airways 39% Creole Petrol.. 11 % Park Davis .... 25 Crown Cork Inti 6% Penn Road 3% Deere & Cos ... 31% 3t Regis Paper.. 4% Distillers Lim.. 21% 3al Creek Prod 6% Distillers Corp. 20', iherwin Wms... 66 El Bd <Br Sh... 19% Std of Ind 31% Fisk Rubber ... 17U:Std of Ky 16% Ford of Can A 23% rk Hughes G.. 5% Ford of Europe 6% Un Gas 4% Gen Aviation... 7 iJn Pwr & L (A) 4% Glen Alden Coal 17% Wr Hargraves M 7%

Foreign Exchange

(By Abbott, Hoppin & Cos.) —Feb. 14— , Close. Sterling. England $5.03% Franc. France 0652% Lira. Italy 0870 Belgie, Belgium 2310 Mark. Germany 3910 Guilder. Holland 6668 Peseta. Spain .1342 Krone. Norway 2532 Krone, Denmark 2249 In the Air Weather conditions at 9 a. m.: Northwest wind, 6 miles an hour; temperature. 37; barometric pressure, 30.02 at sea level; general conditions. high, thin, scattered clouds, smoky; ceiling, unlimited; visibility, four miles. NEW YORK RAW SUGAR FUTURES —Feb. 14. High. Low. Close. January 1.83 1.80 1.80 March 1.65 1.62 1.63 Mav 1.68 1.66 1.67 July jU.. 171 1.69 1.69 September 1.76 1.73 1.74 December 1.82 1.73 1.79

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THE INDIANAPOLIS TIMES

Bright Spots

By Abbott. Hoppin & Cos. First National S’ores in December ouarter of 1933 earned *1.09 a common share against *1 13 in the like 1932 period. Owens niinois Glass Company in year ended Dec. HI earned $6,033,311.80 against $2,067,*85.72 in 1932; earnings are equivalent after deducting dividends paid on the preferred stock for the period it wav outstanding, to $4.86 a share on 1.200.0U0 shares as compared to $1.62 a share on 977,173 shares in 19.32. J. J. Pelley. president of the New York. New Haven and Hartford Railroad Company has estimated the January deficit of the company at $350,000. Electric output in the United States in the week ended Feb. 10 was 1.651.535 kilowatt hours against 1.482,509 in the like 1933 week. Net income of Lehigh Valiev Corporation in rear ended Dec. 31 was $401,867 after interest, federal taxes, depletion, depreciation and other deductions against net loss of $1,183,283 in 1932. B. F. Goodrich Companv in year ended Dec. 31, had a net profit of $2,272,514 after depreciation, interest, federal taxes and other deductions against net loss of $6,582,140 in 1932. Graham Paige Motors Corporation produced 800 cars in January, carried 1.300 unfilled orders into current month and has set up a schedule of 2.326 cars. Pennick and Ford Company has declared the regular quarterly dividend of 50 cents. Baldwin Locomotive Company for year ended Dec. .31 had a net loss of $3,857,743 after all charges against net loss of $4,078,132 in 1932. American Express Companv in year 1933 earned $7.25 a share against $6.04 in 1932. Chicago. Rock Island and Pacific Railroad Company in week ended Feb. 10 handled 19.049 cars of revenue freight against 16,943 in the like 1933 period. Pennsylvania Railroad Company has placed orders for about 15.000 tons of steel and more than 1.000,000 pounds of copper and wire cable. New York Central Railroad Company car loadings for week ended Feb. 10 totaled 96,066 cars against 81,798 in the like 1933 week; report of the company for the year ended Dec. 31 shows a net loss of $5,412,514 after taxes and charges against a net Joss of $18,256,400 in 1932. American Water Works Company output was up 25 per cent in the week ended Feb. 10. Gliddpn Company in quarter ended Jan. 30 had a net profit of $237,497, equal after dividend requirements on the 7 per cent preferred to 19 cents a share on the common stock against a net loss of $47,561 in the like quarter a year ago. Seaboard Oil Company of Delaware has declared the regular quarterlv dividend of 15 cents and an extra dividend of 10 cents. American Telephone and Telegraph Company net operating income in year ended Dec. 31 was $1,844,931 against $849.814 in 1932. Columbia Gas and Electric Company and subsidiaries in quarter ended Dec. 31 had a net income of $3,813,579 after taxes and other charges and preferred dividends against $5,184,778 in final 1932 quarter. Private wire advices from Toledo state that stockholders of Electric Auto Lite Company at a special meeting approved the proposal to increase the common shares to 1.500,000 from 1.000,000 and also approved the agreement with Moto Meter Gauge and Equipment Company. Devoe-Reynolds Companv has declared an extra dividend of 25 cents on the class (A) and iB) common stocks in addition to regular quarterlv dividends of 25 cents on the common and $1.75 on the first and second preferred stocks.

Federal Farm Loan Bonds

(By Blyth & Cos., Inc.) —Feb. 14Bid. Ask. 4s Nov. 1, 1957—37 92% 93% 4s Mav 1, 1958—38 92% 93% 4%s July 1. 1956—36 93V„ 94% 4%s Jan. 1, 1957—37 93% 94% 4%s Mav 1, 1957—37 93% 94% 4%s Nov. 1, 1958—38 93% 94% 4%s Mav 1, 1942—32 96 97% 4%s Jan. 1. 1943—33 94 95% 4%s Jan. 1, 1953—33 94 95% 4%s July 1, 1953—33 94 95% 4%s Jan. 1. 1955—35 94 95% 4%s July 1, 1955—35 94 95% 4%s Jan. 1, 1956—36 94 95% 4%s July 1, 1953—33 95% 97 4%s Jan. 1, 1954—34 95% 97 43s July 1, 1954—34 95% 97 5s May 1, 1941—31 99% 100% 5s Nov. 1, 1941—31 99% lOOV2 Home Loan 4s, July 1, 1951 95 95%

Daily Price Index

By United Press NEW YORK, Feb. 14.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled tor the United Press: (1930-1932 average. 100) Today 108.97 Yesterdav 109.03 Week ago 107.66 Month ago 104.48 Year ago 68.99 1934 high (Feb 13) 109.03 1934 low (Jan. 3( 101.05 (Copyright, 1934. Dun & Bradstreet, Inc.)

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. DOMESTIC RETAIL PRICKS Anthracite $14.2$ Coke, nut size $.75 Coke, egg size $.75 Indiana, forked lump $.50 Indiana, egg S.OO Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg $.25 Pocahontas forked lump.. 9 25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and tl a ton for coal carried to iila.

PORKERS DOWN 10 TOl5 CENTS AT STOCKYARDS Cattle Market Stationary; Vealers Move Lower to $7.50. Swine valued dropped from 10 to 15 cents under yestreday's average in early trading at the Union Stockyards this morning. Majority of all weights were in demand and receipts strong compared with recent sessions. The bulk, 160 to 300 pounds, was selling at 54.60 to $4.75, while small lots ranged up to $4.80. Heavy kinds, 300 pounds and upward, sold at $4.25 to $4.50. Porkers scaling 130 to 160 pounds brought $3.90 to $4.50, while light slaughter pigs weighing 100 to 130 pounds were salable at $2.25 to $3.50. Receipts were estimated at 7,000; holdovers, 606. Activity w T as light in the cattle market, with practically all classes of steers and cows remaining around steady at the previous figures. Few earlv sales of steers held at $4 to $5.50. Receipts numbered 700. Vealers displayed a weak trading range, selling at $7 down. Choice kinds brought $7.50. Receipts were 700. Steady trading feaured the lamb market, while bulk of better grade lambs was salable at $9.25 to $9.75. Other kinds sold at $8.50 down. Receipts were 1,500. Few initial bids on hogs at Chicago w r ere weak with yesterday’s average on light weights. The bulk, 180 to 200 pounds, was bid in at $4.65. Early top held at $4.75. Receipts were stimated at 25,000, including 7,000 directs; holdovers were 2,000. Cattle ereceipts numbered 7,500; calves, 2,000; market unchanged. Sheep receipts were 11,000; market stationary. HOGS Feb. Bullk. Top. Receipts. 9. $4 85® 5.10 $5.50 6.000 10. 4.65®! 4.90 4.90 2,000 12. 4.65® 4.90 4.90 4,000 13. 4.75® 4.90 4.90 6.000 14. 4.70® 4.90 4.90 5.000 15. 4.60® 4.75 4.80 7,000 Market, Lower. (140-160) Good and choice....s 4.15® 4.50 —Light Weights—-(l6o-1801 Good and choice.... 4.75 (180-2001 Good and choice.... 4.75 —Medium Weights—-(2oo-2201 Good and choice.... 4.75 (220-250) Good and choice.... 4.70® 4.75 —Heavy Weights—-*2so-2901 Good and choice ... 4.60® 4.65 (290-350) Good and choice.... 4.45® 4.60 —Packing Sows—(3so down) Good 3.50® 3.75 (350 up i Good 3.25® 3.50 (All weights) Medium 2.75® 3.25 —Slaughter Pigs—-(loo-130) Good and choice.. 2.25® 3.50 CATTLE Receipts, 700; market, steady, (1.050-1,100) Good and choice $ 6 00® .7.00 Common and medium 4.00® 6.00 (1.100-1,5001-Good and choice 5.50® 7.00 Common and medium ..... 4.00® 5.50 (675-750) — Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-900) Good and choice 4.75® 6.25 Common and medium 2.75® 4.75 —Cows— Good 3.00® 3.50 Common and medium 2.50® 3.00 Low cutter and medium .... 1.50® 2.50 —Bulls (yearlings excluded! Good (beef steers) 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 700; market, lower. Good and choice $ 6.50® 7.50 Medium 4.00® 6.50 Cull and common 2.00® 4.00 —Calves—-(2so-500) — Good and choice 3.50® 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 (800-1.5001-Good and choice 3.75® 4.75 Common and medium 2.50® 3.75 SHEEP AND LAMBS Receipts. 1,500; market, steady. (90 lbs. down) good and choices 9.00® 9.75 (90-110 lbs. good and choice. 8.75® 9.50 (90 lbs. down) Com. and med. 6.50® 8.50 —Ewes— Good and choice 3.75® 4.75 Common and medium 1.50® 3.75 Other Livestock BY UNITED PRESS EAST ST. LOUIS, 111., Feb. 15.—Hogs— Receipts. 8.500. including 100 directs; market. slow; most sales steady to weak with best time yesterday; little action on medium and heavy weights: asking higher for pigs; sows strong to 10 cents or more higher. Bulk 160-210 lbs., $4.65® 4.75: load around 280 lbs., $4.40; sows largely $3.35® 3.65. Cattle—Receipts, 2,000; calves, 1,200; market, slow on steers and low cutter cows with eariy bid weak to lower; other classes opening steady: a few odd steers, early, $4.65®5.75; mixed yearlings and heifers largely $4.50® 5.50; Cows, $2.85® 3.50; top sausage bulls. $3.25; top vealers. $7. Slaughter steers, 550-1,100 lbs., good and choice. $5.50®6 85; common and medium, 53.50fb5.75; 1,100-1.500 lbs., choice. ss® 6.60; good, $4®6.25; medium, $3.75®5.50. Sheep—Receipts 500; market, practically nothing done early: asking stronger; a few good fall clipped lambs to city butchers. $8.65. Lambs—9o lbs., down, good and choice. s9® 10: common and medium, s6® 9.25; 90-98 lbs., good and choice, $8.50® 10; yearling wethers. 90-110 lbs., good and choice. $6.75®8.50; ewes, 90-150 Ids., good and choice, $3.25®5: all weights common and medium, $2.25®3.75. FT. WAYNE. Feb. 15—Hogs—maret. 15c lower: 160-200 lbs.. $4.65: 200-250 lbs . $4.50; 250-300 lbs.. $4.35; 310-350 lbs., $4.50; 150160 lbs.. $4.50; 140-150 lbs.. $4: 130-140 lbs.. $3.75: 120-130 lbs.. $3.25: 90-120 lbs.. $2.75; roughs, $3.50; stags. $2: calves, $7; ■western lambs, $9.25; native lambs $9. LAFAYETTE, Feb. 15.—Hogs—market, steady to 10c lower; 170-225 lbs.. $4.60® 4.65: 225-275 lbs., $4.50® 4.55: 275-325 lbs.. $4.40® 445 140-170 lbs.. s4® 4.25; 120-140 lbs., $3.25® 3.75; 100-120 lbs., $2®2.75: roughs, $3.50 down; top calves, $6; top lambs. $8.50. PITTSBURGH, Feb. 15.—Hogs—Receipts, 2,800: holdovers, none; fair demand, generally 25 cents lower; top, $5.25; bulk, 150210 lbs.. $5.15®5.25; 220-250 lbs.. $4.85® 5.10: 225 lbs . up. $4.65® 4.75: 125-140 lbs . $3.75®4: packing sows, slow quotable, $3.50 down. Cattle—Receipts, 60; market steady; few’ sales heifers, $4.65®® 5. Calves Receipts. 100; market steadv; top and bulk vealers. $8: heavy calves. $6 down. Sheep —Receipts. 1.000: market. 25c lower on desirable fat lambs; early sales, good and choice kinds. $10; medium grades, $7.50®9: yearling wethers, $7.50 down. By Times Special LOUISVILLE, Feb. 15.—Cattle—Receiuts, 200: fairly active and fully steady market on all slaughter classes; bulk common to medium steers and heifers. s4®s; better finished fed lightweights eligible to $6: bulk beef cows. $2.75®3.25; practical top. $3.50: most low cutters and cutters. $1.50® 2.50: sausage bulls, $3.25 down: common to medium native Stockers and feeders, 52.75®3.75: well bred Hereford stock calves mostly. $4 50® 5.50:. Calves—eceipts 250; vealers, mostly 50c lower: bulk better grades. $5.50® S: few strictly choice eligible higher, medium and lower grades mostly. $5 down. Hogs—Receipts. 900: weights from 170-240 lbs.. 5c lower, others 10c off: 170-210 lbs., $4 85: 215-240 lbs.. $4.50: 245270 lbs., $4.15; 275 lbs., up $4.05. 145-165 lbs.. $4.05: 120-140 lbs.. $3.30: sows. $3.05: staks. $1.75. Sheep—Receipts 25; fully steady; bulk medium to good lambs $7.50 ®8.50: choice quotable. $9: throwouts mostly, $5.50; bulk fat ewes, $2.50.

QUICK END TO CROUCH CASE, JUDGE INDICATES Alleged 524.000 Holdup Suspect’s Trial Saturday. Criminal Judge Frank P. Baker today that the case of Hilton U. Crouch, alleged terror mobster charged with participation in the $24,000 holdup of the Massachusetts Avenue Sttae bank, will be disposed of Saturday. Several weeks ago announcement was made by Prosecutor Herbert E. Wilson that Crouch had aranged to plead guilty and receive a twentyyear sentence. After several conferences, Judge Bakr assrtd Crouch could change his plea to guilty, but that there would be no more “bargains" with him. t 3 * ~,.

Chicago Stocks By Abbott. Hoppin * Cos. ——————

TOTAL SALES 62.000 SHARES —Feb. 14High. Low. Close. Allied Products 17 Altorfer Bros .. ... 20% Asbestos Mfg 3 s * 3’2 3% Assoc Tel Util A pfd '2 Association Inv Cos 56 Bastian-Biesslng 9 8% 9 Bendix Aviation 20% 19% 20% Borg-Wamer 26% 25% 26% Brown Fence & Wire B .. ... 4% Bucyrus Monighan Cos.. .. .. 14 Butler Bros 9% 9% 9% Castle AM 19% 9 19 * Cent 111 Pub Serv pfd.. ~ ... 18% Cent <St So West 1% 1% 1% Cent & So West pfd Cent & So West P L pfd . . ... 13 Chi & North Western.. 13% 12% 13% Chicago Corp com 3% 3% 3% Chicago Corp pfd .. .. 29 28% 28% Chicago Flexible Shaft. .. ... 10 Cities Service 3% 3% 3% Commonwealth Edison 56 Consumers :. % Consumer 7% pfd 4 Continental Steel 10% Cord Corp 7% 7 7% Gen Kan Hold Ut 11% 11 11% Godchaux B 8 Goldblatt Bros 30% 30% 30% Great Lakes Aircraft ... 1 Great Lakes Dredge .... 20% 20 20 Grigsbv-Grunow % Hall Printing 9% 8% j 9_ Hormel & Cos ... 16% Houdaiile-Hershev B .. 5% 5% 5% Iron Fireman 11% 11 11% Jefferson Elec 15% 14% 15% Katz Drug 29 28% 23 Kellogg Switch com 2% Kentucky Ut Jr Cum pf 20 Libby McNeil ... 4% Lindtav Nunn Pub 2% 2% 2% Lvnch Corn ... ... 37% Marsnall Field 18% I<% 16% McWilliams Dredg Cos 22% Meadows Mfg Cos com.. ... % Merchants & Mfrs A 3 Middle West Utilities % Midland United % National Electric Pwr A .. ... % National Securities Inv. 1% 1% 1% National Standard ... "5% Noblitt Sparks Ind Inc. 15 14% 15 North Amer Lt & Pwr. .. ... Northwest Bancorp .... 5% 5% 5% Oshkosh Overall 6 Penn Gas & Elec 13% Pines Winterfront Is Prima Cos 10% 9% 10% Reliance Mfg Cos 16% Standard Dredg Cos pfd <%a Stutz Mo Car Cos of Am .. ... 8% Swift & Cos 17% 17% li% Swift Ir.ternacional ... 21*4 27% 27%

FOOD PRICE INDEX HIGHEST SINCE 1931 Figure of $2.11 Reached by Dun and Bradstreet. By United Press NEW YORK, IVb. 15.—The Dun & Bradstreet food index in the last week reached $2.11, the highest figure since November, 1931, for the eighth consecutive weekly rise. The figure compared with $2.08 the previons week and $1.51 in the corresponding week of 1933. Grains, flour and eggs declined last week, but higher prices were recorded for livestock, butter, cottonseed oil, mess pork and lard. Wholesale commodity prices for the seventh consecutive week showed more advances than declines. Advanses were 36, compared with 31 in the previous week and 14 in the corresponding week of 1933, while declines were 15, against 16 in the previous week. PARLIAMENT RECEIVES NEW GOLD MEASURE Bill Requires Bank to Cover Note Circulation by 25 Per Cent. By United Press PRAGUE. Feb. 15.—A bill reducing the gold content of the crown by one-sixth was submitted by the government to parliament today. The measure also requires the national bank to cover note circulation by 25 per cent, entirely in gold bullion. A communique pointed out it is intended to adapt the country’s currency to the depreciated monetary values in the world markecs, while leaving its internal value unchanged. EAST SIDE VETERANS’ MASS MEETING CALLED Former Soldiers Who Have Seen Foreign Service Invited. A mass meeting for veterans will be held at the Dearborn, North Dearborn and East Michigan streets, tonight. The purpose of the meeting is to bring together all veterans living in the east end of the city who have seen foreign service and are not members of ex-service organizations. OPTIMIST CLUB TO HEAR NATURE LOVER S. A. Campbell, Author, to Tell of North Woods Sanctuary. S. A. Campbell, author and conservationist, Three Lakes, Wis., will speak on “My North Woods Sanctuary” at a meeting of the Optimist Club tomorrow in the Columbia Club Mr. Campbell lives in Argonne national forest.

On Commission Row

—Feb. 15Fruits Cranberries—Cape Cod early blacks. 25Ib. box. 52.25. Pears Washington D'Anjou. 90-1655. 52.50: Avacados. Fla., 14-20s. crate, $1.50. Strawberries—Florida, 15c per pint. Bananas—Per pound. sc. Apples Wealthy. Wolf River. Grimes Golden. Jonathan. Florida. $1.35®2.25 a bu.. fancy Stavmans $2.25 & box. Grapefruit—s3,2sl^3.7s. Orange—California Navels. $3.75 a bo*. Vegetables Cabbage Eastern Danish. 50-lb. bag. $1.50: new Texas, half crate. $1.35. Onions—lndiana white. 50-lb. bag. $1.40: Indiana yellow. 50-lb. bag. $1.50. Beans—Round stringless. hamper. $3. Beets—Bulk per bu.. $1.15; Texas, new $1.75 a crate. Peas—4s-lb. crate. $5.50. Carrots—California. $3 a crate: per doz 60c: bulk per bushel. $1.15. Cauliflower—California (10-11-12s). crate. 51.60. Ceiery Michigan Mammoth, dozen. 75c; medium bunch. 45c; hearts. $1.65: California. $2.75 a crate. Cucumbers—Hothouse. $1.40 per dozen. Lettuce —Iceberg, best (4-ss). crate. $3.50: hothouse. 10-lb. basket. 85c. Radishes—Hothouse button. 60c down. Spinach—New’ Texas $1 per bu. Turnips—Per bu., 90c. Tomatoes—3o-ib. carton. $1.25. Potatoes—Northern round whites. 100-lb. bag. $2.35: R. R Ohios. 100-lb. bag. $2.35; 15-lb. bag. 40c: Idaho Russets. 100-lb. bag. $2.75: Texas Triumphs, new. 50-lb. bag $2. Sweet Potatoes—Nancy Halls, per bu.. $1.65. CHICAGO FRUIT MARKET By United Brest CHICAGO. Feb. 15—Apples—Michigan Jonathans. SI 50'S 1.75: Baldwin and Wagners $1 40'S 1.50. Carrots—lllinois. 40’S 50c bushel. Spinach—Texas. 504175 c bushel. Beans —Southern green. $2 254)2 75: wax. s2'f2.sofi Mushrooms—lllinois. 204i35c ilb. cartons'. Cucumbers—Central western, hothouse. 2 doz.. [email protected]. Tomatoes —Florida. SI'S 2 box Celery—Michigan. 50c4)51. square crate Parnsnips— Illinois 75c4j$i bushel. Sweet potatoes— Tennessee. $1 40 bushel: Indiana. $1.504i 1.75. Rhubarb—Michigan, hothouse. 204) 40c 5 lbs Onion market 50-lb. sacks 1 western Valencias. $1 a1 40 Central western yellows. $1,054)1.15: western whites, $1.6552 NEW YORK COFFEE FUTURES —Feb. 14— SANTOS High. Low. Close. March 10.31 10.22 10.31 Mav 10 55 10 48 10.55 July 10 63 10.62 10.65 September 11.00 10 95 10.99 December ... 11.14 11.03 11.14 RIO March 8 28 8 21 8 28 Mav 8 40 8.28 8.40 July 8.50 8.42 8.50 September $..... 8.59 8.51 8.57 December ,v.fli...M ... ... 8.66 A*

Thompson JR 10 9% 10 Utah Radio 2% 2 2% Utility <fc Ind pfd ... 4% Wahl 2% 32% Walgreen Cos com 23% 23% 23% Ward Montgomery A..106% 104 106% Wisconsin Bankshares 3% Zenith Radio 4% 4 4 FRANCE SHOWS NEW RECORD GOLD LOSS Weekly Figures Mount to $129,245,714. By United Press PARIS. Feb. 15.—During the last week, France lost gold to the amount of 1.977.746.198 francs t5129,245.714), a record drop for such period, the weekly statement, of the Bank of Fiance revealed today. The previous record loss was established in the w’eek ended Nov. 24, 1933, when the decline amounted to 1.460,487.736 francs <595,442,871). This week's loss consisted mainly of gold purchased for shipment to the United States because of the premium on tne dollar under the new parity which came when the dollar was devalued to 59.06 per cent of the former parity. Huge profits were made by the purchasers, it was reported.

Produce Markets

Delivered in Indianapolis prices—Hens. lO'/ac; Leghorn hens. 7%c; heavy springers over lbs., lie; under 5 lbs.. 9c: Leghorn springers. 7c; stags. 8c; Leghorn stags, 6c; cocks. 5 lbs. and up sc: under 5 lbs., 4c; ducks. 4(2 lbs. and over, full feathered and fat. 6c: under 4% lbs., 4c; geese, full feathered and fat. 6c. Turkeys—No. 1 young hens. 8 lbs. and over, 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, lb 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—22c Quoted by the Wadiev Company. BY UNITED PRESS CHICAGO, Feb. 15.—Eggs—Market easy; receipts. 11,861 cases; extra firsts. 16%c: dirties. 14%c; current, 15%c; checks. 14%c. Butter—market easy; receipts. 5,364 tubs, storage extras <92 scorei 23‘2c; storage standards, (90 score 1 22%; extra firsts >9O-91% scorei, 24®24%c extras <92 scorei, 24%: firsts <BB-89% scorei. 23® 23%c: seconds <B6-87 scorei. 22c; specials, 25®25%c; standards, 24%c. Poultry market weak; receipts, 34 trucks. 3 cars due. Turkeys 10®lac; hens. 12® 13c; leghorns. 11c; ducks. 12®15c; geese. 12c; old roosters. 9; white rock broilers, 21c; springs, 14%®15c; Plymouth rock broilers, 23. Cheese —Twins, 14%®14%c; longhorns. 14%® 15c: daisies. 14%® 15. Potatoes —Supply liberal; demand and trading slow'; market weak; Wisconsin round whites, few' sales, -sl.Bo® 1.90; Idaho russets, few’ sales, s2® 2.07%; combination grade. $1,754/1.80; Colorado McClures, $2.25 ®2.32%: shipments, 728; arrivals, 119; on track, 371. CLEVELAND. Feb. 15.—Butter—Steady; extras, 29c: standards. 23%c. Eggs— Steady; extra white. 18c; current receipts. 17%c. Poultry—Weak: colored fowl, under 5 lb*, 17c: colored fowl, over 5 lbs., 16c; Leghorn fowl. 3% lbs. and up. 14c; Leghorn fowl, light. 12c; springers Rocks. 17c; springers, colored. 16c: capons. 8 lbs. and up. 22c; colored broilers. 20c; ducks, light, 15c. Potatoes—Maine best. $2.25: very few. $2.35; Idaho Russet Burbanks. $2.25® 2.40; Ohio best. $1.90; New York best, $1.85® 1.90. NEW YORK. Feb. 15.—Potatoes—Firm: Long Island. $1.40® 2.55 barrel: Southern. s3® 6 barrel; Maine. $1.25® 4 barrel: Idaho. $2.00®2.65 sack; Bermuda, $5.50®'7 barrel; Canada. $2.10®2.25 barrel. Sweet Potatoes —lrregular: Jersey, basket. 40c® $1.50; Southern, basket. 40c® 1.25. Flour—Quiet; springs; patents. $6.65® 6.90 sack. Pork— Firm; mess, $20.50 barrel Lard—Steady; middle west spot. $6.75® 6.85 per 100 lbs. Dressed Poultry’—Steady: turkeys. 15®25c: chickens, 9®.26c; broilers, 13®32%c: capons. 18®25c: fowls. 134/16c: ducks, lltfi 14c; Long Island ducks. 15®>15%c. Live Poultry—Steady; geese, 13® 15c: turkeys. 18® 23c: roosters, 11c; ducks. 134/15c: fowls. J6®: 19c; chickens, 14® 17c: capons. 184125 c; broilers. 10®24c. Cheese—Quiet; state whole milk, flats to specials 1933, 19®20c; young America. 16c. Butter Receipts, 17,020 packages: market, slightly easier. Creamery—Higher than extras. 25%®26%c; extra. 92 score. 25%c; first. 90 to 91 score. 25®25%c; first. 8B to 89 score. 24%c: centralized. 90 score. 25c: centralized. 88 to 89 score. 24% c. Eggs— Receipts. 28,660 cases; market, irregular; special packs, including unusual hennery selections. 19%®20%0: standards. 19c: firsts, 18c; mediums. 17%c; dirties. 17%c.

Births Boys Charles and Ruby Duncan. 2135 North Gale. Charles and Marie Arnold. 1915 North Capitol. Girl William and Bertha Green. 1615 Finley. Deaths L. Edwin Frazer. 46. 1056 West Eighteenth. chronic myocarditis. Harriett Taylor. 83, 828 Bradshaw, arterio sclerosis. Margaret Jane Callahan, 73. 1025 North Wallace, hypostatic pneumonia. Bernard Goodman. 61, Methodist hospital, carcinoma. Clara Bryant, 39. 529 North Lynn, lobar pneumonia. a Samuel Hodge. 88. Veterans hospital, hypostatic pneumonia. Edgar E. Carnin, 77. 3215 East New York, chronic myocarditis. Delilah Richter, 76, 951 North Denny, cerebral hemorrhage. Franz Schaefer. 61. 1316 North Tacoma, coronary thrombosis. Frank M. Wright. 75, Linden hotel, pulmonary tuberculosis. Emma Catherine Shimp. 86. 1539 East Washington, chronic myocarditis. Ella Pavev. 70. Methodist hospital, cerebral hemorrhage. Frank S. Walker, 75, 1333 Spann, coronary occlusion. Gloria Goodman. 5 months. Riley hospital. broncho pneumonia. Richard Highbaugh. 35. Central Indiana hospital, lobar pneumonia. Minnie M. Doyle. 51. 316 Virginia, carcinoma. Isadora Williams. 80. 2622 East Eleventh street, chronic myocarditis. Walter V. Morris. 66. 44 South Mount, apoplexy. William Luke. 89. 3609 East Walnut, carcinoma. Otto Franklin Williams, 39. city hospital. acute myocarditis. Martha Morgan. 80, 533 Mozart, arterio sclerosis. James Simpson Fox, 63. 59 East Morris, chronic myocarditis. Sophia Ellerkamp, 78. 1237 Evlson. cardio vascular renal disease. Alice Johnston. 69. 1131 Spann, lobar pneumonia. Edith Draper. 44. Central Indiana hospital, general paralysis. Elizabeth Wheeler. 77. 3412 Salem, acute dilatation of heart. James G. Gorman. 73. St. Vincent hospital, arterio sclerosis. Henry Owens, 67, 2788 North Oxford, cerebral hemorrhage. Joe Goldbeger. 64. City hospital, arterio sclerosis. John H. Tavlor. 49. Methodist hospital, cerebral hemorthage. Plumbing Permits J. W. Harrell. 955 W. 30th st., ET Frank Irish, 1956 Martindale. two fixtures Frank Isenthal. 114 N. Pennsylvania, four fixtures. Chris Greiner. 849 Oakland, three fixtures. J. W. Harrell, 955 West Thirtieth street, two fixtures. FIRE REPORTS Tuesday 7:42 a. m., 571 East Drive, Woodruff Place, residence, small loss. 7:59 a. m„ 3963 Guilford, residence, small loss. 10:55 a. m.. 1660 South Meridian, residence. small loss. 12:20 a. m. t 1853 Camp, residence, small loss. 1:01 p. m. 301 North Pennsylvania, printing office, small loss. 1:42 p m., 529 Weghorst. residence, small loss. 1:52 p. m.. 2048 Highland place, residence. small loss. 3:09 p. m.. 2537 Guilford, shed, small loss. 4:12 p. m., 1208 Standard, residence, small loss. 4:37 p. m.. 1521 Wilcox, residence, no loss. 5:25 p. m.. 2864 Shriver, residence, small loss. 602 p. m . 446 East Tenth, storage house, considerable loss. 6 27 p. m . University and Ohmer false alarm. 10:04 p m.. 934 Tecumseh. residence, considerable loss. Wednesday 5:59 a. m., 202 Msnker. residence, small loss. 6:35 a. m.. 526 Indiana, false alarm 8:29 a m. 1514-16 Barth, residence, small loss. 10 35 am., 3419 North Illinois, restuarant, small loss 425 p m., Michigan and Campbell, grass fire. 5:34 p. m.. 609 West St. Clair, residence, small loss. 6:06 p m. 204 South Noble, vacant storeroom, no loss. 8:21 p. m . 1723 North Meridian, apartment building, small loss. 8:57 p. m„ Sixteenth and Franklin road, utility pole, small loss. 11:05 p. m , 2735 North Meridian, apartment. small loss. 11:16 p. m., Capitol and* Eleventh, factory, lalse alarm ADT, *

PAGE 15

WHEAT SHOWS FIRM TONE IN DULLSESSION Traders Continue Nervous Over Future Action at Washington. BY HARMAN W. NICHOLS, Vnited Press Staff Correspondent CHICAGO. Feb. 15.—There was nothing in the news to attract either sellers or buyers at the open--1 ing of the Board of Trade today and prices ruled about steady with yesterday's last levels. Wheat was about % cent higher, corn ranged from % cent lower to % cent higher, and oats were unchanged at % cent higher. Traders continued to wait. Bending developments at Washington. Unless something of a decidedly bullish character develops within the near future, it becomes apparent that the wheat market will continue to hold within a narrow range. Longs show little inclination to liquidate and apparently are not disturbed by the ordinary setbacks. Short sellers fear to press the market under these conditions. Chicago Primary Receipts —Feb. 14— - Bushels— Todav. Last week. Wheat 347,00(1 548,000 Corn 883,000 580 000 Oats 168.000 139,000 Chicago Futures Range —Feb. 15— Prev. WHEAT— High. Low. 10 00 close. May .91 .90% 90% .90% July 89% .89% .89% .89% Sept 90% .90 .90% .90 CORN - May 52% .51% .51% .51% July 54 .53% .53% .54 Sept 55% .55% .55% .55% OATS— May .37 .36% .36% .36% July 36' 1 .36% .86% .36% Sent .36% .35% RYE— May 61 % .61 .61% .61 July 62'2 .62% Sept ,64% .64 .64% .64 BARLEY— May 50 .50 July 50% CHICAGO CASH GRAIN By United Press CHICAGO. Feb. 14.—Cash grain: Wheat -No. 2 mixed. 89c. Corn—No 3 mixed, 47%® 47%c: No. 2 yellow 49®49%c; No. 3 yellow, 4849 c; No. 4 yellow. 47 %®| 47%c: No. 4 old yellow. 48 1 be; No. 6 yellow. 46%c; No. 3 white. 49c: No 4 white, 47c. Oats—No. 2 white. 36%c: No 3 white, 35%@36c: No 4 white, 34®35%c; sample grade white. 33c. Rye -No sale Barley--54® 77c; quotable. 50®81c. Timothy—s7.2s ®7.50. Clover seed—s 11 ffl’ 14 50. Cash provisions—Lard. $6.45; loose. $5.90; leaf. $6.12; bellies, $7.75. TOLEDO CASH GRAIN By United Press TOLEDO. Fpli 14.—Cash grain close: (Grain in elevators, transit billing.) Wheat —No. 2 red. 93®94c Corn—No. 2 yellow. 55®560. Oats—No 2 white. 41®42c. Rve—No. 2 67®68c Track prices. 28%c rate Wheat—No. 1 red 89%®>90c; No. 2 red, 88%*89%c. Corn—No. 2 yellow. 50% ®sl%c; No. 3 yellow. 49%®50c. Oats— No. 2 white. 38®39c: No. 3 white. 37%® 38%c. Toledo seed close—Clover. March. $8 25. Alsike—Cash. $8 50. ST. LOUIS CASH GRAIN By United Press ST. LOUIS. Feb 14.—Wheat—In fair demand; no offerings on choice wtieat; tone steady; No. 2 red. 92%c nominal: No. 2 hard. 9c nominal; No. 3 hard. 90c. Corn —ln fair demand, unchanged to % cent 3 red. 91 %c; No. 2 red. garlicky. 89c: No. lower: No. 1 yellow, 49c: No. 2 yellow, 49c: No. 3 vellow. 48'2C. Oats—ln fair demand, unchanged! No. 2 white. 38c: No. 2 mixed. 36%®37c; No. 2 red. 38%<839c. NEW YORK CASH GRAIN By United Press NEW YORK. Fob 14—Cash grain: Wheat—No 2 red. $1.07%: No 2 hard winter. $1.07%. Corn—No. 2 mixed. 60c. Oats—No. 3 white. 47%c.

Indianapolis Cash Grain

—Feb. 14— - The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. 0. b.. shipping point, basis 41 %c New York rate, were: Wheat—Steadv; No 1 red. 82%<7?83%c; No. 2 red, 81%®82%c; No. 2 hard. 81%@ 82 tic. Corn—Easy; No. 3 white, 42%®43%c; No. 4 white, 41%®42%c; No. 3 yellow, 41%®42%c; No 4 vellow, 40%®41%c; No. 3 mixed. 40%@41%c; No. 4 mixed. 39%® 40c. Oats—Easy; No. 2 white, 32%®33%c; No. 3 white, 31%@32%c. —lnspections Wheat—No. 1 red, 1 car. Total. 1 car. Corn—No. 2 white. 2 cars; No. 3 white. 5 cars; No. 4 white, 2 cars: No. 2 yellow, 1 car; No. 3 yellow, 1 car. No. 4 yellow, 7 cars; No. 4 mixed, 1 car. Total, 19 cars. Oats—No. 2 white, 7 cars; No. 3 white, 1 car. Total. 8 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 82 cents for No. 2 soft red wheat. Other grades on their merits.

In the Cotton Markets

—Fob. 14— CHICAGO High. Low. Close. January 12 88 12.68 12.88 March 12.16 11 89 12.16 Mav 12 38 12 02 12.31 July 12 51 12.17 12 47 October 12.66 12.32 12.64 December 12 78 12.51 12.78 NEW YORK January 12 81 12.38 12.79 March 12.15 11.75 12 06 Mav 12 32 11.90 12.23 July 12 47 12 05 12 36 October 12 62 12 20 12.53 December 12.76 12.30 12.55 NEW ORLEANS January 12.71 12 67* 12.69 March 12 10 1171 12.05 Mav 12 26 11.85 12.18 July 12.42 12 01 12.35 October 12 57 12.17 12.53 December . . 12 72 12 36 12.65 Marriage Licenses Phillip C. Baker, 24, 5155 North Capitol avenue, engineer, and Virginia Boyer, 22. 5155 North Capitol avenue, housekeeper David Hudson, 70. 6408 Bellefontaine stree' railway agent, and Rose Smith, 50. 805 East Sixtv-fourth street, nurse. Richard Hughes, 28. 2057 Boulevard place waiter, and Fay Bruen. 27. 602 Dorman street, office clerk. Ralph R. Heel. 25, R. R 11. Box 291-H, knitter, and Marie Owens, 22. 440 South Grace street, housekeeper. Robert Smith. 27. 429 North Senate avenue, porter, and Anna Berry, 949 Camp street, maid William Goodwin. 63 54$ Indiana avenue, hod carrier, and Susie Dickens. 49. 746 Indiana avenue, maid. Jessie Tandv. 33. 1857 Cornell avenue, laborer, and Elizabeth Lee. 32. 2302 Hillside avenue, housekeeper Alfred Henderson, 39, Waukegan. 111., mechanic and Vera Mae P„ess. 34, 3818 Park avenue, bookkeeper.

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