Indianapolis Times, Volume 46, Number 239, Indianapolis, Marion County, 14 February 1935 — Page 18

Wall St. Loss of Fear Being: Displayed by Business. BY RALPH HF.NDERSHOT nn Writer

YORK. Feb. 14— Indieations are that business people and financiers are beginning U) strike off the shackles of fear which has held them in Its grip air.ee President Roosevelt took office. From several quarters of late have come utterances reflecting the spirit of combat which formerly characterized the American

business man whenever he felt his toes wore being stepped on. Some seem to think the administration defeat in the World Court issue and the apparently wild stance of the United Slates Supreme Court have given thorn courage to come out of iheir shells. Others

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Ralph Hendershot

hold that they have just had a chance to catch their breath, and that the seriousness of the industrial revolution which has been -taking place has spurred them on to a last-ditch stand. Irrespective of the causes of their change in attitude, the fart that they apparently have stopped their retreat is an encouraging development. The people of this countrv seem quite erratic in their attitudes. One day they place our industrialists and bankers on pedestals. and the next day they take the position they should be legislated out of business. If they are able to get both sides of business arguments it is reasonable to suppose that the legislative results will prove satisfactory. mm* RICHARD WHITNEY, president of the New York Stock Exchange, made the best speech of his career as head of that institution on Thursday night at a dinner in honor of E. Burd Grubb, Mtirinc president of the New York Curb Exchange. It was not so much what he said as the way he said it. He gave the impression of a man who has been placed with his back against the wall and was really beginning to fight. He received a great ovation from (hose in attendance They liked the fighting spirit he displayed, and Indicated they were only too anxious to rally behind him. The charge has been made in the Street on many occasions that Mr. Whitney was not sufficiently aggressive in the defense of tne brokerage business. Yesterday a group of prominent public utility executives made a protest against the propose * legislation affecting holding coi . anies. They asked that the legislation te confined to regulation and not ir • elude the destruction of the companies themselves. m m m EVIDENTLY these mtn were sincere in contending that the holding company serves definite economic needs. Ana if they feel that way about it they should apeak out in the defense of these concerns. If they were cowed into Silence by fear of governmental retribution real and lasting harm might result. It should be obvious to everyone that all business people and til financier* are not crooks. It also should be obvious that all politicians and all government jobholders are not saints. If the best Is selected from both sides, and if open-mindedness is practiced, the possibility of doing a wrong to correct a wrong may be averted.

G. M. C. JANUARY SALES INCREASE 86 PER CENT Shipment* of Car*. Trucks During Month Set Record. Jv Time* Special NEW YORK. Feb. 14—Overseas sales of General Motors cars and trucks from all sources in January totaled 19.167 units, an increase of 86 per cent over the corresponding month of 1934. and the highest January sales ever recorded, it *as learned today. The figures in question cover the products of the corporation's American. Canadian. English and German factories sold outside of the United States and Canada. American-source sales alone in these overseas markets showed an increase of 123 per cent over a vear ago. with heaviest gams recorded in the South American. Far Eastern. Australasian and Souta African markets. Recovery in these areas is extensive. and has more than compensated for the sluggishness in evidence in several western European countries where automotive consumption generally remains at a lowlevel. KIDD WILL ADDRESS INSURANCE GATHERING Former Indiana Commissioner to Speak on Friday. John C. Kidd, executive secretary of the Indiana Association of Legal Reserve Life Insurance Companies, and former insurance commissioner of Indiana, is to be the guest speaker of the Indianapolis Chapter of Chartered Life Underwriters at a luncheon meeting in the Columbia Club. Friday. Mr. Kidds subject is “Confidence —the Fabric of Life Insurance.” Edward A. Krueger, chapter president, will preside. The program is in charge of Carl McCann. Members throughout the state, and their guests, are expected attend. KROGER EARN'S $2.31 Dividends of 51*6.477 Received from Pigriy Wigfly Corp. By Time* Special CINCINNATI. 0.. Feb. 14—Net Income of the Kroger Grocery and Baking Cos. for 1934 was 54.198.241 after Federal income tax. equivalent to 52.31 on the common stock outstanding, according to the annual report made public today. Os this income. 5186.477 represents dividends received from the Piggly Wiggly Corp.. a subsidiary. Deducting this amount from thflnii n*t income, a net profit from operations of 54.011.764 is shown for 1934. compared with 54,546,203 for ML

PAGE 18

INTEREST RISES AS RAIL ISSUES RECEIVE BOOST Market Action Indicative of of Oversold Condition, Analysts Believe. BY ALBERT K. ETTLINGFR Timet Special Writer NEW YORK, Feb. 14—More backbone is being shown by the rail shares, with some evidence that this group has been oversold to a point where a technical rebound of substantial proportion would not entail much effort if needed incentive were furnished. That opinion, expressed by a number of market analysts today, probably took into consideration the outlook for legislative relief expected to be given the industry by Congress in the near future. Carrier stocks in recent sessions have been more sensitive to new demand. The favorable statement of car loadings for the week of Feb. 2 undoubtedly aided sentiment, but owing to the nervousness in the general market, its effect was not as great as might have been the case under ordinary circumstances. Traffic Best Since 1931 Traffic was the best for any like term since 1931, the gains being accelerated by increased activity in the steel and automobile industries, which helped lift the total to 598,164 cars, a gain of 42,396 over the previous week; 32,763 over the like term of 1934 and 112.105, or 23 per cent, over the 1933 period. That rail issues will bear close watching in the next few days for more pronounced rallying indications is the growing belief in the financial district. Flurries of new buying in the petroleum sharrs are largely attributed to reports that the Conally bill, which aims to prohibit hot oil shipments, will meet w-ith practically no opposition in the House this week. Except for the hot oil problem the petroleum industry is regarded as being in good statistical position, with stocks of leading units ready to respond to the usual spring influences of increased gasoline demand. Utility Preferreds Are Strong Feature of the power group has been the sustained strength in some of the old-line preferreds, notably the Electric Bond and Share issues on the Curb where abrupt movements of substantial proportions have taken place. Buying is said to be based on a careful study of the break-up valuation of such stocks which indicates a favorable comparison with current market valuation. Direct earnings, as applicable to senior obligations, also came in for consideration. The long dormant leathers are being watched by speculators for signs of revived demand. Wall Street it appears, is taking notice of improved factors in their situation. American Hide and Leather’s plants are operating at 80 per cent of capacity, and officials of United States Leather announced last week that the company had sold 4300 acres of standing timber and 1200 acres of strip land to the Federal government for $760,000. Funds received in this way will be used to purchase pnor preferred stock for retirement.

Food Shares Firmer Optimism over food and packing issues is directly related to steady climb in meat and dairy prices which is expected to be translated into increased profits in the first quarter of the year. Retail food prices based on a 1913 average as 100. rose 2.2 per cent to 118.5 during the two weeks ended Jan. 15, emphasizing the upswing in living costs. Those bullish on Gou'-'year believe that the corporation's new Lifeguard tube, which is of radically different construction, may contribute handsomely to earnings once it is fully established in motordom. According to engineers the tube minimizes the effects of blowouts through its double construction, an inner chamber remaining inflated even though the air escapes immediately from the outer casing. INCOME OF INSURANCE FIRM AT NEW PEAK Earnings of John Hancock Mutual Life Cos. Set Record in 1934. By Time* Special BOSTON. Feb. 14.—The John Hancock Mutual Life Insurance Cos. passed the billion-dollar mark in payments to policyholders and beneficiaries during 1934 and enjoyed the hugest income of any year in its histor.. ..ccording to the report made by Walton L. Crocker, president. before the 72nd annual policyholders meeting. Substantial increases in assets, insurance written and in force as well as in surplus, were also shown. New paid-for insurance written during the year, the report shows, amounted to 5532.659.313, an increase over the previous year of $37,591,500 and representing a gain of 11 per cent in ordinary insurance. Outstanding insurance amounts to $3,473,967,189, a gam of $62,258,807. Payments to policyholders and beneficiaries amounted to $91,877,154 03. U. S. CHECKS SILVER IMPORTS FROM CHINA Major Sources of Supply Are Great Britain. Mexico and Peru. ByT, me* Special WASHINGTON. Feb. 14.—Apparently confirming repons that the United States would relax silver-purchasing from China. United States silver imports from that country in January were only $l6B 000 in the total imports of $19.065 000. according to Department of Commerce statistics today. Major sources of United States silver imports were the United Kingdom, which shipped $13,552.900; Mexico with $2,628,000; Russia. $376,000; Peru. $526,000, and Chile, $147,000.

Abreast of The Times on Finance

New York Stocks

(By Thomson Sc McKinnon) 11:00 A. M. Prev. Oil,— Hieh. Low. N. Y. close. Amerada 53% 53% 53% 53% Consol Oil 7% 7S I** ‘ * Con' of Dei 18% 18 • 18% 18% Phillips Pet .... IS IS !S I* Bkeilev Oii "% 7% 7% 7% a nr Vac 1* 13% 13 , 14 8 O of Cal 30 -W 30 30% 8O of Ind 23', 23 , 23 , 24 , SOof N J 40', 4040% 40% Texas Corp 19', 19% 19% 19_. Tidewttir Assn-. sterl*— Am Roll Mills .21 20’, 21 20% Beth Steel 2# 29 29 29% McKeesport Tin 90 95’, 90 95, Natl S'eel .47 47 47 471, Rep Iron A: St 1 13% 13% 13% 13% U S P:pe & Fdv 18% 18 18': 18* U S S'eel 35% 35 3o 35 U S S'eel pfd 87% 87% 8,% 87% Youns tn SSi T 17*4 l? 3 4 L 4 Motor*— 23 3 4 - ::.V 38% 38% 38% 38% Ger. Motors .... 31 30 3t 7 * 31 Hudson 10 I® tO .1® Hupp 2% 2i 2 6 2 Nash • 18 18 18 16% Packard 4% Studebaker ..... 1 % % * Motor Access— Bendix 15% 1-5% 15% 15% Bohn Alum 54 54 54 54% Bore Warner ... 30 30 30 30% Briees 27% 27 2.% 27 B ird Mfsr *% 4 * 4 * Flee A'J’o Lite... 24% 24% 24% 24 * Houdaille (A)... 8% 8% 8% 8/s Mining— Alaska Jun 17 10% 17 16% Amer Meals ... 16% 16% 16% 16% Anter Smelt .... 34% 34% 34% 34% Anaconda 10% 10% 10’, 10 •, Cal A- Hecla ... 3% 3% 3% 3% Cerro dp Pasco 40% 40% 40’, 40% Dome Mines .... 38 38 38 38 Gt Nor Ore 10% 10% 10% 10% Homestake Min .368 368 368 350 Int Nickel . 22% 22% 22% 22% Kennecott Cop . 16% 16% 16% 16% Phelps Dodge ... 15 15 15 14% St Joe Lead .... 14% 14% 14% 14% U S Smelters .113% 113% 113% 113% Vanadium 17% 17 a 17% 17% Amusement*— Fox Theat 9% 9% 9% 10 Loews Inc 33% 33 33% 32’s Radio Corp .... 5% 5 5 5 Paramount 3 s , 3% 3% 3% RKO . 1% 1% j’ j!* Warner Bros .... 3% 3% 3% 3% Tobaccos— Am Sum Tob ..21% 21% 21 % 20% Am Tobacco ’A” 30 80 80 80 Am Tobacco ”B” 81% 81% 81% 80% Lice <fe Mvers B 105 104% 104% 107 Lorillard 20% 20% 20% 20% Reynolds Tob B 471, 47% 47% 4:% Rails— Atchison 43% 42% 43 42% B Ac O 11% 11% 11% il% Can Pacific 12% 12’, 12% 12% Ch & Ohio ... 42% 42% 42% 42% Dela fc Hud 32% 32% 32% 32% Gt Northern pfd 13 s , 13% 13% 13% 111 Central ... li' 13% 13% 13-* Lehigh Valley-. 8% B’, 8% 8% N Y Cent 16% 16% 16% 16 s Nor Pacific .... 16’, 16% 16% 16'* Penn R R 21% 21% 21% 22 Sou Pac 14’, 14 s 14% 14 s , Sou R R 11% 11% H% jl% Union Pac 100 99% 100 99% West Maryland.. BVi 8% 8% 8% Equipments— Am Brake Shoe.. 26 26 26 26 Am Car Ac Fdy.. 17% 17% 17% 17 Bald Loco 5% 5% 5% ss,5 s , Gen Elec 23% 23% 23’% 23% Pullman Inc .... 49% 49 49 49 West Air Br 24 24 24 24% Westinch Elec.. 38% 38% 38% 38% Utilities— A T Ac T 103% 103 103% 103% Col Gas Ac Elec 6% 6 6 6% Com Ac Sou 1% 1 1% 1% Consol Gas 18% 18% 18% 18% El Pwr Ac Lit 2% 2% 2% 2% Int Hvdro Elec.. 2% 2% 2% 2% Interboro R T. 14% 14% 14% 14% Int T * T 8% 8% 8% 8% North Amer 12% 12% 12% 12% Peoples Gas ... 21 21 21 21 Pub Serv N J... 23% 23% 23% 23% So Cal Edison . 12 12 12 12 Stone & Webster 4 4 4 3’, United Corp ... 2% 2% 2% 2% Un Gas Imp 10% 10% 10% 10 s , Ut Pwr St Lt ‘'A” 1% 1% 1% 1% Western Union.. 28 28 28 28% Rubbers— Firestone 16% 16% 16% 16 Goodrich 9’, 9% 9’a 9% Goodyear 22’, 22’, 22% 22% Kelly Spring ... 1% 1% 1% 1% U S Rubber pfd 34% 34 34 33% Miscellaneous— Allis Chalmers.. 16'% 16’/, 16% 17 Am Can 116% 116 116 116 Am Mach * Fdy 21% 21% 21% 21% Brklyn Man Tr 42% 42% 42% 42 Burrough Add ..15 15 IS 15 J I Case ....... .15 54% 54% 55 Conti Can 68% 68% 68% 68% Caterpillar Tract 41% 41 41 41% Crown Cork ... 26 26 26 25% Eastman Kodak 117 117 117 2 Glidden 26% 26% 26% 26% Ingersoll Rand . 67 67 67 68 Inter Hr.rv . 40 39% 40 39% Natl Cash Reg.. 16V, 16% 16% 16 a Rem Rand 9% 9% 9% 9% Foods— Armour Com ... 5% 5% 5% 5% Armour 6 r 2 pfd 69% 69% 69% 69 Beatrice Cream 18 18 18 17% Borden Prod .. 25 , 24’* 4 , 25 Cal Packing 41% 41 4.% 41 Corn Prod 66% 65% 66-i 6a% Crm of Wheat .. 38% 38 38% 38 2 Cuban Am Sug . 6% 6% 6-3 6, a Gen Foods 35 34% 3d 35 Gold Dust 17% 16 a 17 17,4 Loose Wiles 3d 34-- 34% 35 Natl Biscuit ... 28% 28% 28’ 2 .8 2 Natl D Prod .. 16% 16% 16% 16% Purltv Bak 9 s , 9% 9% 9 , Std Brands 18 18 18 % i United Fruit .. 73% 73% 73% 73 s Retail Store*— Assd Dry Goods 11 11 11 11 Best & Cos. . . • . 3 Hahn Dept Sts 5 5 5 5 Kresge SS, 20% 20% 20% 20% Macv R H o 9 38 4 39 38 2 McCrorv St 10 10 10V, McLeMan St .... 10 . • “ Marshall Field . B’, 8 , 8, 9 Mont W’ard 26% 26% 26% 26% Safewav St ... 4040 40 3| a Sears Roebuck.. 35% 35% 35% 35.a Woolwcrth .... 54 54 54 04 Aviation— Boeing Aircraft 9 9 9 • Curtiss Wright 2 s , 2% 2, 2^, Curtiss Wrt (At 8% 8% 8% 8 , Douglas Air 22% 22% 22% 22 a Nor Am Av .... 33 33% Sperrv Corp B’, 8% 8,8, Utd Aircraft new 13% 13% 13% 13% Chemicals— Air Reduction ..111 111 11} Com Solvents.... 21% 21 21 21 Dupont 94 94 94 94-, Math Alkali .... 27% 27% 27% 27% Monsanto Chem 57% 57% 57’, 57_'i Natl Dis mew 27% 27 27 2i% Tex Gulf Sulph 34% 34% 34% 34% Union Carbide.. 47V* 46’, 47 47 Drue,— Cotv Inc s’, s’, 5% 5% Lambert 27% 27 s , 2i% 2i% Lehn At Fink ... 17 17 17 17% Stprling Prod .. 61 60’, 60’, 61% Vick Chem I Zonite 4 4 4 4 I Financial — ! Chesa Corp 38% 38% 38% 39 Transamerica .. 5% 5% 5% 5% Tr Conti Corp . 3% 3% 3% 3% On Commission Row Quotations below are average wholesale 1 prices being offered to buyers by local , commission dealers. 1 Fruits —Grape*. Calofornia Emperors. 27. lb. bo. $2.75. Bananas. 4%c a lb. Apples. Indiana Jonathans. *1.65: Golden Delicious. *l.7s'if 1.85. Lemons. Sunkist. 3605. St 25. Grapefruit. Te*as. seedless. *3: Arizona. 645. 70s and 80s. $2 50. Limes. Mexican, per carton 12s. 25c: Bvram. seedless. per hundred. S3 Pears. Oregon Danlo box. *3.50 Pineapples. Porto Ricans. half crates. *3.50. Avocados. Florida box *1.50. Strawberries. Florida, pint 12c: per 36-pt. crate. 14c. Apricots, S3 crate. Vegetables—Cabbage. Northern Danish. 50-ib bag. *1 I 1.25 red. 50-lb box. *1.25: New Texas cabbage. 50-lb bag. $1.75®1 85; Onions. Idaho, sweet Spanish, large. 50lb bag *2 Michigan yellow*. 15 lbs . *1.40: etcrn white 50-ib bag. $2: Michigan viVlow. *1.25. Potatoes. Green Mountains, 100-'.b. bag. $! 50: northern round white, 100-'.b. bag. $1.10: Ohio*. 100-lb. bag. *2: Idaho Russets. 100-lb. bag. *1.90: New Texas Triumphs. 50-lb. bag< *2: New Florida Triumphs, bushel. *2.50. Sweet potatoes. Indiana Jersevs. bushel. *1 65: Tennessee Nancv Halls, bushel. *1.35. Beans, stnngless. hamper. $2.75 ff 3. 75 Celery. Florida *4 50 a crate: California. *4.50 a crate- medium, dozen. 65c: Jumbo, dozen. 90c Cucumbers, hot bouse, dozen *1.40; 2 dozen box. *2.50. Endive. California, dozen. 90c: peck basket. *2. Egg Plant. $2 25 dozen. Kale, bushel. 75c. Lettuce, hot house. 15-lb basket. *1.75: Arizona Iceberg head lettuce. $3.75. Mangoes. Florida, crate *lO. Mint, bunch. 15c. Parsley, dozen. 35c Peas hampers. *3. Spinach. Texas bushel. $2. Radishes, dozen, 60c. Tomatoes 10-lb carton. 51.50: Florida original. $2 75 Turnips bushel. 75c. Parsn.ps. bushel. *1 35 Beets, bushel. *1 25. Carrot., bushel. *1 25: 100-lb. sack. *1.75. Rhubarb hot house 5-lb. carton. 60c. Mushrooms, lb.. Jo@3sc. All Quotations subject to change up or down. FRUITS AND VEGETABLES By United Press' CHICAGO. Feb 14-Apples—Michigan, bushels. Jonathans. J1.60hf.75; Mclntosh. *1 60 :1.75. Cauliflower—California, crates. *125 81 40. Cranberries Massachusetts. % barrels. *4 50g5 Sweet potatoes bushel. 90c® *1; Indiana, *1.25 yj 1 50. Turlnps—California, crates. *l5O 62 25. Carrots—California, crates. *2 75® 3 Lettuce —Western crates. *2.75®2 85. Parsnip*—lllinoi*. bushel, 50®#0c. Beets— Illinois, bushel. 404: 50c. Beans—Florida, bushel. S3 2583 SO. _ Bptnach— Texas, bushel. tl 2581.85. toes—Mexican lug*. 83.75&U50. T

INDIANAPOLIS, THURSDAY, FEBRUARY 14, 1935

Building— Am Radiator .14 13’, 13% 14 Holland Furnace 8 6 8 8 Libbv Owens Gla 23% 23% 28', 28% Otis Llev 14% 14% 14% 14 s . Household— Col Pal Peet ... 16% 16% 16% 16% Kelvlnator 17 V, 17% 17% 16% Mohawk Carpet. 14 14 14 14 Proc Ac Gamole. 46% 46% 46 s , 46’, Servel Inc 8% 8% 8% 8% Belding Hem .... 12% 12% 12% 12% Celanese Corp .. 30% 30 30% 29% Gotham Hose ... 4% 4% 4% 4% Indus Rayon ... 31% 31 31 31% Real Silk 5% 5% 5% 5% Chicago Stocks (Bv Abbott. Proctor St Paine) 11:00 Prev. A M. close. Butler Bros 7% 7% Bendix 15 15% Cities Service 1% 1% Cord 3 s , 3% Kingsburry 1% r 14* Libby 7% 7% Swift 18% 18% Swift Int 35 35 V, Util Investors % % New York Curb (By Abbott. Proctor St Paine 1. 12 Noon. Prev. • N. Y. close. Allied Mills 14% 14% Am Cyanide “B” 16% 16% Am Superpower 1 Atlas Corp 8% 8% Can Marc 1% IT, Distillers Corp 17 J 7 El Bond St Share 5% 5% Lake Shore Min 51% 51% Newmont Min 36% .. Nia Hud Pwr 314 3% Pen Road 1% 1% N. Y. Bonds (Reprinted from yesterday) DAILY BOND INDEX 20 2 0 20 60 Inds Rails. Util Bonds Today 86.6 82.7 83.3* 87.5 Monday 86.5 83.0 93.0 87.5 Week ago 86.2 81.5 92.1 86.6 Month a k y 86.9 84.7 90 6 87.4 .♦New 1935 high. (Copyright, 1935, by Standard Statistics.) u. S. GOVERNMENT BONDS (By Fenner St Beane.t Liberty* Prevfl Close, close. Ist 3%S 1932-47 104.15 104.66 Ist 4%s 1932-47 103 15 103.25 4th 4%s 1933-38 (uncalled).. 103.26 103.25 4th 4%s 1933-38 (called' 101.29 101.31 Treasury* 4%s 1943-45 114.21 114.25 4s 1944-54 110.7 110.2 3%s 1946-56 108.23 108.23 3%s 1940-43 106 2 106.1 3%s 1943-47 105.20 105.22 3%s 1941-43 106.1 106 3%s 1943-45 104.9 104.8 3%s 1941 105.25 105.27 3%S 1944-46 104.7 104.6 3%s 1946-49 103.31 103.30 3%s 1949-32 103.18 103.17 3s 1951-53 103 103 3s 1946-48 102.18 102.18 Home Owners Loan Corp. 2’ls 1949 98.26 98.25 3s 1952 100.24 100.24 4s 1951 101.6 101.7 Federal Farm Mortgage Corp. 3%s 1964 102.25 102.22 3s 1949 100.26 100.23 3s 1947-42 100.24 100.23 DOMESTIC Prev. Close. close. Alleg Corp 5s ’44 71 69% Aileg Corp 5s '49 59 58'% Alleg Corp 5s ’SO 22% 22% Am Frgn Pow 5s 2030 60% 61 Am Tel & Tel 5%s ’43 112% 112% Am Tel * Tel 5s '65 112% 112% Arm & Cos (Del.) 5%s ’43 ...104% 104 Atl Coast Line 4s ’52. .-.101% 102 Atl Coast Line 4%s ’64 91 91 Atch Top & S Fe 4%s ’4B 108 108 Am Wat Wks 5s '44 95 95 Am Rolling Mills 5s '3B 107% 108 Balt St Ohio 5s ’95 68% 69% Balt * Ohio 6s '95 78% 78% Balt St Ohio 4'is '6O 53% 53% Buff Roch & Pitt 4%s ’57 ... 66% 66% Beth Steel 5s ’36 103% 103 s , Chi Miltv & St PI 5s '75 22% 23’4 Chi Milw St St P 5s ’75 6% 6% Chi Milw St St P 5s 2000 100'% 100 >4 Cleve Un Term 5s ’73 96 96% Clcve Un Term 4%s ’77 83 88% Col Gas 5s Mav ’52 80% 81 Col Gas 5s ’6l 78'% 78 Can Pac Perp 4s 87 86% Cent Pac 5s ’6O 78 77% Big Four 4%S ’77 71 71% Colorado & So 4',is 'BO 65 64 Chi & West Ind 4s '52 96% 96% Chi St West Ind 5%s ’62 103’% 103 Chi & Nor West 4%s ’49 18 18% Con Gas 5s '57 104% 10414 Chesa Corp 5s ’47 104% 104% Dodge Bros 6s '4O .106% 106% Del & Huds 4s ’43 89 ’4 88 N Y Dock 4s 'sl 64% 64% N Y Dock 5s ’3B 47 47 kErle 5s ’75 68 68 Erie 5s ’67 63% 68% Grt North 7s '36 91 % 91% Grt North 4%s '77 76% 77 Gen Stl Cast WW 5%s ’49 90 89 Hud At Manhat Ref 5s ’57 . ■ 88 88% 111 Cent 4%s ’66 55% 56% 111 Cent 5s ’63 72% 7’4% Intcrlake C & Iss ’sl 75% 76 Interntl Hv Elec 6s ’44 47% 47 Interntl Tel & Tel 4%%s '39 70% 70% Interntl Tel At Tel 5s ’55 . 67% 67 Interntl Tel & Tel 4%s ’52... 61% 62 MeKes-s St Rob 5%s 'SO 97% 97 Midvale Stl 5s '36 103% 103% Natl Dairv *s%s ’4B 102% 102% Natl Steel 5s ’56 107 106% Nickel Plate 4%s ’7B 61% 61% Nickel Plate 5%s ’74 72% 73 Nickel Plate 6s '35 63% 64% N Y Cent 5s 2013 62% 62% N Y Cent 4%s 2013 (old).- 57% 57% Nor Amer Cos 5s ’6l 85 85% Nor Pac 3s 2047 74% 74% Nor Pac 4%s 2047 86 % 86% Nor Pac 6s 2047 100% 100% Nor States Pow 5s '4l ....105% 105 New Orleans Term 4s ’53 ... 83% 83% Penn Rv 4%s ’B4 102% 102% Penn Rv 4%s 'Bl 103% 103 V, Penn Rv 4%s ’7O 94% 95v, Pac G At E 5s ’42 108 107% Portland Gen El 4%s ’6O 57 5671 Para Publix 5%s 'SO .70 69 Penn P St L 4%s ’Bl 102 102 Postal Tel St Cab 5s ’53 .... 48% 48 Rem Rand WW 5%s ’47 99% 99% Sinclair Oil 6%s ’3B 104% 104% Shell Union Oil 5s ’47 102% 102% Sou Pac 4' is *6B 65 65 Sou Pac 4' is ’Bl 63% 63% Sou Pac 4%s '69 63% 63% Sou Pac 4s ’49 67 66% Sou Rail 4s ’56 55% 56% Sou Rail 6%s ’56 78 79 Sharon Stl Hoot) 5%s ’4B 85 34% Texas Pac 5s ’BO 91% 97% Texas Pac 5s '79 91% 91 Union Pac 4s '47 United Drug 5s '53 90% 90 U S Rubber 5s ’47 94% 94** NY N H St Hart 8s ’4B ... 42% 43% NTNHft Hart 4% s ’B7 38 39% Warner Bros 6s *39 55% 55% Western Mart- 5%s ’77 99% 99% Western Mary 4s ’52 93% 93 Youngstown S <sr T 5s ’7O 94 92*i Youngstown S & T 5s ’73... 93% 93% FOREIGN Argentine B 6s ’SB 90% 90% Brazil 8s ’4l 31 % 31% Canadian Govt 4, ’6O 105 JOB% Denmark, s'.s '55 1 01 ., *21.. German 5%s 65 36% 37% German 7? ’49 48% 47 Italv 7s ’sl 92% 94% Japan 6%s '54 91 91% Poland 7s ’47 122% 122% Pome 6' ?s *52 83% 85% Tnk'.o City 5%, '6l 78% 76 Yokohama 6s '6l 81% 82% FEDERAL FARM LOAN BONDS ( Bv Blyth <5: Cos.) Bid. Ask. 4s JulV 1. 1946-44 104 104% 4s Nov. 1. 1957-37 101% 102 s , 4s May 1. 1958-38 102% 102 s , 4%s JulV 1. 1956-36 ~..102% 102% 4% Jari. 1. 1957-37 102 s , 102% 4%s May 1. 1957-37 102 s , 102 s , 4%s Nov. 1, 1958-38 102% . 4%s May 1, 1942-32 101 101% 4%s Jan. 1. 1943-33 101% 102 4%s Jan. 1. 1953-33 101', 101% 4%* Jan. 1. 1955-35 101% 101% 4%* Jan. 1. 1956-36 102% 104 5s May 1, 1941-31 101 101% 5s Nov. 1. 1941-31 101 101% 67 EMPLOYES ELIGIBLE Grapho Products Workers May Get Life Insurance. Sixtv-sevcn employes of Grapho Products. Inc., manufacturers of automobile parts here, have become eligible to life insurance in amounts ranging from SIOOO to $2500 through the adoption of a group life insurance policy with the Prudential Insurance Cos. of America, it was learned today. The policy involves a total of $77,500 and is of the contributory type, the employes themselves paying a part of the premium and the remainder of the expense being assumed by tbs company.

STOCK TRADING IS RESTRICTED ON BIG BOARD

Uncertainty in Gold Cases Still Dominates Market. By United rrrt* NEW YORK. Feb. 14.—Trading on the Stock Exchange continued restricted today by uncertainty over the gold clause cases, and prices were mixed. There was a firming tendency at the opening, but this disappeared in the extreme lethargy of the market. Individual issues attracted the only attention, Continental Can touching anew high of 68 % for Vz point gain and Fairbanks Morse touching anew high of 20for 1% gain. In the rail group Atchison showed M gain at 43, Pennsylvania, selling ex-dividend, was unchaged at 21% and New York Central was up Vs at lb%. Columbia Gas touched a new low of 6, off Vs, and Consolidated Gas showed % decline at 18%. American Telephone was unchanged at 103%. United States Steel was unchanged at 35%, Chrysler showed % gain at 38% and General Motors was off Vs at 30%. Money and Exchange INDIANAPOLIS STATEMENT Clearings 52.948.000.00 Debits 6,737,000.00 TREASURY STATEMENT (Bv United Press) WASHINGTON. Feb. 14.—Government expenses and receipts for the current fiscal year to Feb. 12. compared with the corresponding period of the previous fiscal This Year. Last Year. Expenses . $4,257,984,180.55 $3,897,194,762.17 Receipts .. 2.175.016.787.64 1.799.160.203.08 Deficit ... 2.082 967.392.91 2,098.034.559.09 Cash bal. . 2.201.711.731.23 4.244.749.410.85

ALKALI OUTPUT HIGHERINI93S Increase of 10 Per Cent in Earnings Expected in First Quarter. By Times Special NEW YORK, Feb. 14.—Alkali shipments have been rising gradually since the turn of the year, stimulated particularly by increasing activity in the glass, rayon and oil refining industries, according to the Standard Statistics Cos. A major disturbing factor in the outlook has been allayed with recent developments suggesting that a widespread strike among automobile glass workers will be avoided. On the other hand, any serious labor disturbances in the automobile trade, still a possibility, manifestly would have adverse repercussions on alkali shipments for the time being. As yet there is no sign of price unsettlement resulting from plant expansion in the South. Two of the three new plants are completed and making small shipments. The third should be in operation by late spring. For the time being, development of s, olume production at the new plants is proceeding cautiously, and to avoid upsetting the trade, the new works may be operated at relatively low rates for some time. The spectre of price uncertainty still lingers in the background, but the immediate earnings prospects for alkali makers are favorable, indicating gains of around 10 per cent in first quarter income, as compared with 1934.

GRAINS HOLD STEADY IN LIGHTER TRADING Routine Developments Are Ignored in Early Sales. By United Press CHICAGO, Feb. 14.—Grain prices held abouit steady in a light trading session on the Chicago Board of Trade today. At the start wheat was % cent lower to !4 cent higher, corn was unchanged to Vs cent lower, oats were unchanged to down V% cent and rye was up Vs to % cent. Routine developments were ignored at the beginning of the session as traders held to the sidelines, awaiting the Supreme Court decision on gold. Little attention was paid to early firmness at Liverpool. (By James E. Bennett) 11:00 Prev. Wheat — High. Low. A M. Close Mav 97U .96 .97 .97 July 90'4 .89 3 4 90'i .89 T * Sept 88 5 * .88 ! a .88‘* .88U Corn— May 85 s 4 .84 7 , ,85 3 4 .85 July 80’a 79 >i .80 V .79'i Sept .76 7 .76*8 .76 3 4 .76Vi Oats— Mav 51 s s .51 3 4 .51’, 2 .siy July .44 ,43 7 s .44 .44 Sept ,41 5 s .41 3 e .41' 2 .41 Vi Rye— May 65 5 s .65’4 .65*2 56'4 July 65 3 s .65 ,65 ! 4 .65'a Sept 65' i .65's .65 '2 .65 '/ LOCAI CASH 51AKKE1 City grain elevators are paying 89 cents lor No. 2 soft red wheat. Other grades on their merits Cash corn No 3 vellow 83 cents and oats 46 cents. NET RISES SHARPLY Commercial Credit 1934 Operations Best Since 1925. By Times Special BALTIMORE. Feb. 4.—The annual report of the Commercial Credit Cos., consolidated to include its subsidiaries, for 1934, certified Dy independent auditors, shows that operations for 1934 were generally more satisfactory than for any year since 1925. Net income applicable to dividends on the common stock for 1934 was $3,929,983, or 54.1 l a share on the shares outstanding at the end of the year, compared with sl,452,167, or $1.52 a share, for 1933. H. B. BROWN TO SPEAK Harry Boyd Brown, merchandising manager of the Philco Radio Corp., will speak at 12:15 p. m. Thursday in the Columbia Club before the Advertising Club of Indianapolis, lncw*- was announced.

New Banking Bill Seen Allowing Political Grip On Open Market Activity

Economists Assert It Would Violate Independence of Federal Reserve System and Lead to Unsound Practices. BY JULES BACKMAN AND A. L. JACKSON Editors, Economics Statistics, Inc. NEW YORK. Feb. 14.—The theme of the Banking bill that was introduced into both Houses last week might be. ’’When is a central bank not a central bank?” The answer is, “’When it is in the United States.” The proposed legislation would create a central bank within the framework of the ‘‘old Reserve System.” Twelve separate banks will be a thing of the past, if this bill is passed.

One phase of the proposed bill is extremely important. This is the one which provides that the open market and discount operations of the Reserve System are to be lodged in the hands of an onen market committee of five. Three of the members of the Federal Reserve Board, while the other two are to to be governors of two of the Federal Reserve banks. Politicians in Control As though this would not give politicians enough control us the open market committee, the bill also provides that from now on the governors of the regional banks can only hold office subject to the approval of the Federal Reserve Board. Thus in essence this new committee will contain three political appointees and two people approved by these political appointees, or five politicians. Since the Reserve Board has all the power it needs to control the banking system of this country at present, the question arises as to why the above changes and numerous others are being offered. Several solutions suggest themselves. Compromise Suggested First, these changes may be a “compromise” with those people advocating a control bank. In this connection it would be similar to the silver legislation and other inflationary measures which have been approved by the President. However, in view of the fact that the provision of this proposed act are so extreme as to satisfy the most zealous of government-control banks exponents, it appears as if this suggestion must be ruled out. Secondly, it may be an attempt to force credit into circulation. The provisions, for a revision and an easing of the requirements on real estate, suggests that this maj be the case. The inflationary implications of the proposed bill are in direct contrast with the restrictions contained in the Banking Act of 1933. Need to Find Money Seen The third possibility is that the administration wants to be prepared for any contingency that may arise and to make sure that it will not be faced with a recalcitrant Reserve Board, if securities must be sold to the system. Putting the control of the banks of this country in the hands of political appointees would spell suicide for the entire banking system It would tend to make “hock shops” out of our banks. Although some of the other phases of the bill, especially those referring to Federal deposit insurance, have some merit, the jinsoundness of the provisions referred to above more than offset any good that may be derived from these other sections. Politics is politics, and banking is banking. However, when the two are mixed there is bound to be trouble and excesses.

Stock Studies

F. W. VA OOLWORTH * CAPITAL STOCK Pfq ■ ...ii.paicE SMAPC EARNINGS CRICE RANGE SCALE 'll 1 WINCHESTER INSTITUTE Os FINANCE

The largest chain of variety stores in the world is operated by F. W. Woolworth Cos. for its 5 and 10-cent stores are familiar in leading cities in many parts of the world. At the end of 1934 the company operated 1957 stores in the United States, Canada and Cuba - 20 new stores being opened during 1934. The company’s British subsidiary operates 597 stores, while the German subsidiary has 81 stores. The steady expansion of the company has been financed entirely from surplus earnings. In relation to sales volume expenses were lower in 1934 than in 1933, although actual expenses increased due to taxes and the wage provision of the retail code. FINANCIAL DATA As of Dec. 31. lf)3 Capital Stock <slo Dari 9.750.00)) shares Mortsaftes Payable SI 663.000 Investments 64 318.292 Cash 21.700.963 Inventories 38 132.077 Total Current Assets 60.673.869 Current Liabilities ....... 4.607.942 Woolworth was incorporated in 1911 in New York. The stock is listed on the New York Stock Exchange. At a current price of around 54% it sells to yield nearly 4% per cent and for 16% times earnings. (All Rights Reserved. Winchester Institute ol Finance. Winchester. Mass.). TEXTILE TRADE GOOD January Consumption Ahead of Same Month Last Year. By Times Special NE WYORK, Feb. 14.—'‘The year seems to have gotten off to a good start, so far fs textile mill activity is concerned,” Textile World will report in its February issue to be published Saturday. “On the basis of incomplete information and with official statistics not available at this writing, we would estimate January consumption of textile fibers as slightly greater than that for the corresponding month last year,” the report continues.

What Does It Mean? Cartel—Joining of a group of producers to control output, sales or prices and establishment of quotas for individual members is a cartel. The cartel movement is prominent in foreign countries.

TOP PRICE FOR HOGSJS $8.60 Values Generally 15 to 25 Cents Higher in All Divisions. Packers and livestock dealers at the Indianapolis Union Stockyards today paid the highest prices for hogs for more than three years, following an increase of from 15 to 25 cents in all divisions. The sharp advance, after setting anew high, sent prices for good and choice grades within 40 cents of the $9 mark. Initial demand was extremely heavy and trading turned active. Receipts today were estimated at 4000, same as yesterday's figures. Bulk of 160 to 275 pounds, sold at $8.50 to $8.69, while heavier kinds, from 275 and upward, brought $3.25 to $8.45. Light classes, from 130 to 160 pounds, cashed in at $6.75 to $7.75, while 100 to 130 pounders brought $5.50 to $6.50. Packing sows held at $7 to $7.65. Holdovers were 174. Practically all prices were unchanged in the cattle market with only slight activity evident. Quality was plain. Bulk of early steers ranged downward from $lO. Others were inactive. Receipis were 6000. Vealers moved sharply 50 cents higher, selling at $lO down. Receipts were 400. With extremely heavy supplies on hand, lamb values were largely 40 to 50 cents lower than yesterday's average. Early sales of good grades ranged from $8.50 to $8.60, while heavies sold at $3 down. Throwouts held at $6.50 to SB. Slaughter sheep cashed in at $4.50 down. Receipts were 5000. HOGS Fob. Bulk. Top. Receipts. 7. *8 10® 8 20 80.20 4500 8. 8.15® 8.25 8.30 4500 9. 8.30® 8.40 8.40 1000 11. 8.40® 8.50 8.55 4000 12. 8.15® 8.25 8.30 5000 13. 8.25® 8.35 8.35 4000 14. 8.50® 8.60 8.60 4000 Ll *l4o-160) Good and choice . $7.25® 8.00 Medium 6.65@ 7.75 Light weight: . „.. (160-180) Good and choice... 8 50® 8.55 Medium . B.oo® 8.35 (180-200) Good and choice .. 8.50® 8.60 Medium 8.15® 8.40 Medium weight: (200-220) Good and choice . 8 55® 8.60 (220-250) Good and choice .. 8 50® 8.60 Heavyweight: . (250-290) Good and choice .. 8.45® 8.55 (290-350) Good and choice .. 8.25® 8.45 Packing sows: _ .. (275-350) Good 7 35® 7.65 (350-425) Good 7.25® 7.50 (425-550) Good 7.10® 7.35 (275-350) Medium 7.00® 7.25 Slaughter pigs: „ (100-140) Good and choice .. 5..-)0@ 700 Medium 4.50® 6.75 CATTLE —Receipts. 600— —Steers—-(sso-900) Choice $10.25®}2.25 Good Medium 6.70® 9.50 Common 5.00® 7.00 (900-1100) Choice [email protected] Good 9 - 5 ?® 1 2-25 Medium f.2o@ 9.75 Common 5.00® 7.d9 (1100-1300) Choice [email protected] Good [email protected] Medium [email protected] (1300-1500) Choice 12.25®13.50 —Heifers—-(soo-750) Oo'jii 10.00®12.50 Chofce 9 00® 10.00 Good B.oo® 9.00 Common anc medium 4.00® 8.00 (750-900) Good and choice... 8.25®10.50 Common and medium 4.25® 8.25 —Cows— Good 5.75® 7.50 Common and medium 3.56® 5.75 Low cutter and cutter 2.00® 3.50 —Bulls—(Yearlings Excluded) Good 4.75® 5.75 common and medium 3.50® 6.25 VEALERS —Receipts. 400— Good and choice $9 50® 10.00 Medium 7.00® 9 50 Cull and common 3.50® 7.00 —Calves—-(2so-500) Good ond choice.... 6 25® 9.00 Common and medium 3.50® 6.25 —Feeder and Stocker Cattle — —Steers—-(soo-900) Good and choice 5 50® 7.25 Common and medium 4.00® 5.50 000-1050) Good and choice... 5.75® 7.00 Common and medium ...... 4.25® 5.75 —Cows— Good 3.50® 4.25 Common and medium 2.75® 3.50 SHEEP AND LAMBS —Receipts. 5000— Lambs. 90 to 120 lbs., good and choice * 8 00® 8.75 Common and medium 6 00® 8.50 90-120 lbs., good and choice.. 3.00® 4.50 Sh a2o-150) Good and choice 3.00® 4.25 All weights, common and medium 2.00® 3.25 Other Livestock (By United Press) LAFAYETTE. Feb. 14.—Hogs—25c higher: pigs, steaav; 200-250 lbs . $8 [email protected]: 250-300 lbs., SB. 35: 300-325 lbs. SS 20: 160-200 lbs., 8.3 b: 150-160 lbs.. 57.25 '97 50; pigs $7 down: roughs. S7 25 down: calves, strong. 50c higher. *2 down: lambs, steady. $8.75 down. FT. WAYNE. Feb. 14.—Hogs. 15 to 25c higher: 200-250 lbs. *8 50 2 50-300 lbs., *8 35' 300-350 lbs.. $8; 180-200 lbs. $3.40: 160-180 lbs . $8 30: 150-160 lbs.. $7.65: 140150 lbs.. $7.15; 130-140 lbs.. $6 65: 120-130 lbs $6 40; 100-120 lbs.. $5 90: roughs. *7; stags. *5. Calves. $9: lambs. *8.70. (Bv Times Speciali LOUISVILLE. Feb. 14.—Cattle—Receipts. 200. moderate!' - active and fully steady; market on limited supply of slaughter classes: bulk common to medium steers and heifers ib'ff’l 50: some better finished kinds auo’able to around $8 and individual head of good offerings eligible to *9 or better- bulk beef cows ii'nb: good kinds and smooth "heifer types eligible to $5 50 or better, bulk low cutters and cutters. $1 75® 3 50: most sausage bulls of weight and Quahtv to sell at 54.50 down; Stocker trade moderately active, generally steady: bulk Herefrod and shorthorn calves, S6@ 7 good higher common and inferior southern stockcrs. $4 down. Calves~-Re-ceipts 350. including 110 stock calves; market steady; bulk better grade vealers. $74: 8; medium and lower grades. *6.50 down to around $3 for light culls. Hogs —Receipts. 500; market. 30c higher: top and bulk beter. 180-250 lbs.. 58.40; 255 lbs. and up. *8: 160-175 lbs.. *7.70: 140-155 lbs Sheep—Receipts. 50: market, generally steady: medium to good lambs. *7 n8; choice eligible higher: common light thr'auu. *6. and fat ewes. *3.60 down.

BIG BOARD TO GIVE VOICE TO NON-MEMBERS

Nominating Committee -to Hear Opinions at Two Extra Meetings. BY BARROW LYONS Times Special Writer NEW YORK. Feb. 14.—More than usual interest in the annual election of governors for the New York Stock Exchange has been aroused by the announcement that, in addition to its three regular March meetings prescribed by the constitution of the Exchange the nominating committee would hold two special meetings. These will be held next Monday and the following Monday. Partners of Stock Exchange firms have been invited to express their opinions on the coming election at these meetings. A decision to get the views of non-members who are closely connected with the operation of the market was arrived at in view of the suggestion of the Securities and Exchange Commission that non-member partners of Stock Exchange firms be given representation upon the board. To Meet After Closings The three usual meetings of tha committee have been called sos March 4, March 11 and March 18 at 3:15 p. m. While the Exchange repeatedly has expressed its desire to co* operate in every way with the Securities and Exchange Commission, it has taken no definite stand on the recent proposals for changes in the organization of the Exchange suggested by the commission. The ; legal committee of the Exchange still is studying the proposals. On the other hand, the Association of Stock Exchange Firms, of which Frank R. Hope, partner in Paine, Webber & Cos. is president, has come out vigorously in favor of admitting non-members to the Exchange board. Mr. Hope became a member of the Exchange in December, 1932. Mentioned as Candidat In the agitation or admitting “new blood” to the governing committee, which was of consuming interest previous to the election last year, Mr. Hope's name was frequently mentioned as a candidate for membership on the committee. Ha was not elected, however. When Mr. Hope recently issued a statement defending an announcement of the advisory committee of the Association of Stock Exchange Firm*, calling for support of the SEC proposals, he was roundly criticized by some of the Exchange members, both publicly and privately. The board of the Association of Stock Exchange Firms, however, vigorously defended the action of the advisory committee and adopted resolutions calling for the kind of co-operation with the SEC which was called for. Membership in the association comprises about 85 per cent of firms with partners holding seats upon the Exchange. Last January members of the Exchange elected without opposition the regular ticket for the 1935 nominating committee put forward by the group that served in that capacity last year. Called “Liberal” Group At the time of its election the new nominating committee was hailed as a “liberal” group. The new committee, nevertheless, was careful to point out that it considered deceiving the suggestions of members with an open mind its primary duty, that it has no “favorite sons,” and that every opportunity would be afforded to get at the real sentiment of the exchange. The two special meetings are regarded as the first move in this direction. Retail Coal Prices The following prices represent quotations from learfing Indianapolis coal dealers. A 25-cent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Indiana lump *5 20 Egg 5.03 Nut 480 Brazil Block— Lump 6 54 Egg 5.31 Nut 5 04 Glendora— Lump 5.34®5.59 Egg 6.18® 5.43 Nut [email protected] West Virginia and Eastern Kentucky (Group B) 6.77®7.18 Pocahontas and New River, smokeless 7.3058.32 Coke, egg and nut 8.90 Pea Coke 7.40 Anthracite [email protected] Produce Markets Delivered In Indianapolis prices: Heavy breed hens. 13c: Leghorn hens. 9c; colored springers. 13c: heavy stags. 9c; Leghorn stags. 7c; old roosters. 6c: ducks, full feathered and fat, 10c; geese, full feathered and fat, 8c; all classes of guineas, 15c: No. 1 strictly fresh country run eggs. los3 off. 22c. Each full case must wei.rh 55 lbs. gross, a deduction of 10c a pound for each pound under 55 lbs. will be made. Butter —No. 1. fat. 36c. Quoted by the Wadley Cos. (Bv United Press) CHICAGO. Feb. 14.—Eggs—Market unsetled; receipts. 3513 cases: ex’ra firsts, 29'-jc: fresh graded firsts. 29%c; current receipts, 28c; dirties. 27c: checks. 26c. Butter —Market, weak: receipts. 4312 tubs; extras firsts (90-91% score'. 35%c; extras <92 score). 35%c: firsts <3B-89% scorei. 34%®35c: seconds 1 86-87% score. 33%® 34c; seconds <B6-37% score'. 33%u34c; specials. 36@36 ■-c: standards 3a%c. Poultry—Market, easv: receipts, 12 trucks, one car due; hens. Leghorns. 13%c:spnngers. Leghorns. 14c broilers. 22-23 c; capons 6 to 7 lbs., 23c; old roosters. 13® 14c; ducks. 17618 c: turkevs. 18-21 c: geese. 14c: stags lS'.c: Leghorns. 14c. Twlna. 17® 17' tc; daisies. 1 <%b 1 ,%c: Longhorn- 17' -j® 17 s ,c Potato's —Supply liberal: demand and trading slow; market dull Wisconsin round whites. 84c, Idaho Russets. *1 459 1.47% : one car fine' oualitv. Si.so: U S. No 2. s.l 0o Arrivals. 96; on track. 301; shipments. 868. Hides and Skins Hides—Green country cows and steer*. 4c fiat; green country bulls and glues, 2%c flat; green country caff hides 4%0 flat: green country kip, 4c: No. 1 lira horse hides with full manes and tails. *2.50: medium size. *2. All No. 2 grade norse niaes 30c :ess: glue* and ponies half price. No. 1 rendered tallow. 4%5c; No 2 at value Yeffow grease, @4%ci dark grease.