Indianapolis Times, Volume 47, Number 224, Indianapolis, Marion County, 27 November 1935 — Page 11

Trends Foreign Investment Finds Its Way to U. S. BY JOHN T. FLYNN

TWTEW YORK, Nov. 27.—A very larpre amount of European !s finding its way to our shores. So often this increase of European investment in the United States is taken as an impel iant barometer reading The European investor is the canniest at his trade in the world. If he is sending his money here it is be-

cause he believes that this is the safest place in the world for it. It is entirely possible that this is true. After all, we have what almost no European country has—boundless resources, an immense gold reserve and, our tax burden is still on the

John Flynn

whole, not as heavy as Europe's. But it would be a very great mistake to put too much emphasis as an investment factor on this movement of European funds here. First of all, Europe, to a far gr n at.er extent than ourselves, is threatened by war. There is scarcely a country which has not felt the imminent menace of war in the last year. What is more, many of them face internal troubles of all sorts. Upheavals may come at any moment. b u a IN the last 10 years what might be called wise money—the funds of large investors in Europe with facilities for watching events and their play upon investment—has been moving frequenty across frontiers. It came to us from 1927 to the summer of 1929 in great quantities. Not the good investments here, but the high rates in the call money market brought hundreds of millions to Wall Street. I recall then the flow of funds here was cited as a sign of sound investment. Yet investment was never so unsound, since most of those who invested lost their shirts. In the submmer of 1929 it began to flow back because the wise European money manager saw? the sign of squalls which our own financiers ignored. But in the years since money has flowed first from England to France, then from France to America, then from America to England and then back again and so on endlessly It is coming this way now for two reasons. First, the gold bloc countries are losing money to us and to others. Gold has flowed to us on an enormous scale. Secondly, Europe is a powder magazine and a lot of money which is satisfied with low interest rates and asks for safety yield is pouring into this country. b b a INQUIRY seems to indicate that it is going not into stocks but into bonds and only the best grade of bonds—the kind that were good all through the depression. I call attention to this because constantly this phenomenon has b*en used by those with stocks to sell. And the number is increasing. Everywhere we “learn'’ of the coming bull market, how to make money on stocks, 10 grade A stocks for the rise, how long will the bull market last and so on. There are many good sound investments for the man who can not afford to speculate. There are no good speculations for the man who does not make a business of speculation. People may be urged to remember the warnings of 1924 and 1925. But I fear they will not. iCopvright. 1935. NEA Service. Inc.i

DRUG SALES INCREASE Average Dollar Business of Chain Stores Up 3'2 Per Cent. Bil ['nitcil- I‘rrts * WASHINGTON. Nov. 27.—Average daily dollar sales of chain drug stores were 3 '2 per cent higher last month than in October. 1934, the Commerce Department reported today. The department also reported that October sales were 3 4-5 per cent greater than September sates. The report showed that tobacco sales accounted for 25 per cent of total net sales and fountain products for 21 per cent. ROAD SHOWS GAIN Tifflfi Sprrinl ST. PAUL. Minn., Nov*. 27—The Northern Pacific Railroad has reported net operating income for October o f51.961.032. an increase of $1.02.693 over income in the same 1934 month. For the first 10 months of this year net operating income was $5,234,486. or $1,088,372 less than in the first 10 months of last year. On Commission Row Quotations below subject to chonge are average wholesale prices being offered to buvers by local commission dealers: Fruit—Cranberries early blacks. 25-lb. box. $4 Pears—Washington D Anjo. $3 2a Cantaloupe—California Honev Dews. $2: Casabas $2 25 Persians. $2 25 Bananas —7 hands a pound. s'-c. Persimmons —Indiana 12-ot case. sl. Apples—lndiana Jonathans, $1.60 Summer Rambos. $1; Delicious $1 60#1 75. Wealthvs. $1: Grimes Golden, 5i.154? 1.25 Lemons—Sunkist. 3605. $5 40 Grapefruit—Texas 64s to 70s. $3 50 Florida seedless. $3 Limes—Mexican a carton 12s. 20c. Persian seedless a hundred. *3 Vegetables—Beans, green, round stringless bn , $2 75 Beets—Home grown, doz.. 25c Cabbage—Northern Danish. 50-lb bag. 75c Carrots - Home grown. 40c. new bulk, half bu. 60c Cauliflower—Michigan, mate $1 50: Long Island, large crate. $1 50 Ce'err Michigan, washed and trimmed, extra large 55c: jumbo, doz . 60c. Cucumbers—Southern bu.. $3.50. doz.. 85c. Kale—Home grown bu,, 60c Lettuce —Iceberg. California, best. $5.25 home grown leaf 15-lb basket, $1 Endive—Ohio basket 85c. Mangoes—California crate, *4 75: small baske* $1 25. Mint -Burch. 15c Mustard —Home grown, bu.. 60c Onions vellow. 10-lb bag, 22c: western Spanish, 50-lb. bag. *l5O. Parslev—Home grown, doz 35c. Peas—Telephone, hamners. $4 Potatoes—Round Cobblers. 100-lb. bag, *1 65: M'ch'gan Round White 100-Ib beg *1 50 Earlv Chios, bu.. $1 65: Idaho Russets. <2 40 Sweet potatoes—lndiana, jerseys, bu . $1 65. Radishes—Ohio, button doz baskets. 45c Sage—Doe 45c Spinach—Broad leaf. tu.. 75c Souash— Bu $1 50 Tomatoes—California. repacked. 10-lb. carton $1 25. rmiTS AND VEGETABLE <Bv United Press 1 CHICAGO Nov 27 —Apr'es—Michigan bushel. Mclntosh. $1 25'.? 150 Carrots— Illinois bushel 30c Sweet potatoes—Tennesree bush', 85 a 90c Beans—Florida bushel, s2^?2 i5. Cabbage—6o-70-lb. crates, <54?90c Pees—California bushel hampers_ S3 25tu 185 Tomatoes F orida lugs 3 is!'n4 Spinach- Illinois bushel. SScfiSl L'ttuce—Western crates. 5 doz $3 754} 4.5 Cucumber* Florida bushel. $2 754} 3'5 Celery—Michigan crates 50<}90c C* ‘.flower New York erases $175572 25 Onion mark** < 50-lb sarksi—Western V slenclas $1 rv nilr.ole yellows. 750? V. ?6*Vrn whites, $i Michigan veliows 90r It:dia!ia yellows. Tsefcs:; unclassified, 80 Q9QC.

NEW DRIVE TO SHIFT RELIEF IS COMMENDED Government Measure Held Vital to Recovery in Business Survey. 7 imet Special NEW YORK, Nov. 27 Commendation of the Administrations recently announced campaign to hasten the removal of unemployed workers from public to private pay rolls Is voiced in the monthly business and financial survey of the Guaranty Trust Cos. of New York, published this week. “It is the most constructive approach to the problem of recovery that the government has yet taken,” the Purvey comments. “The President pointed out that employment and wage payments have declined more sharply than industrial activity in the last five years and indicated that he was seeking a means of raising employment and pay rolls to the level of production. “Among the features of the campaign were to be a series of conferences with industrial leaders and an organized drive by the United States Re-Employment Service to place relief workers in private jobs. Two Aspects of Recovery Problem “The unemployment of labor is one of the two principal aspects of the recovery problem. The other is the unemployment of capital, as manifested in abnormally low levels of new security issues and in bank reserves far in excess of legal requirements. “Relief from these two forms of unemployment must come together, and the means of achieving it must be sought in the same directions. The situation clearly illustrates the fact that unemployed workers and excess funds in the hands of bankers and investors are not two conditions but merely two manifestations of a single underlying condition. “It. is becoming increasingly clear that, however necessary government aid may have been in affording temporary relief, the government has not succeeded in producing a sound, normal and sustained recovery. Capital Market Revival Needed “In the present situation, the first requirement is a revival of the capital market. If such a revival can be achieved, re-employment of labor will follow as a matter of course. But the revival will not take place as long as business men and investors are threatened with arbitrary laws, punitive taxation, governmental competition, uncontrollable inflation, and even outright financial destruction through harsh legislative penalties against established business practices. “Experimentation has proceeded far enough to demonstrate that governmental interference with private business, profligate spending and a redistribution of income constitute neither a susbstitute for, nor an inducement to, real business recovery. “Idle capital and idle workers can be re-employed on a sound and permanent basis only by private enterprise and the latter can flourish only when it is assured of a reasonable opportunity to earn a profit in the long run. Capital must be permitted to earn a ‘living wage’ if industry is to be able to pay living wages to workers. The effort to force recovery must be supplanted by an effort to permit recovery.”

BUSINESS FAILURES AGAIN SHOW DECLINE Dun & Bradstreet Report Total of 196 for Week. Timet Special NEW YORK, Nov. 27.—Business failures in the United States during the week ended Nov. 21 amounted to 196, compared with 210 in the preceding week, marking the fourth consecutive weekly decline, according to a report released today by Dun & Bradstreet. Inc. Fewer defaults were reported in the East, West and Pacific sections, while an increase of three failures was registered in the South, bringing the total up to 30. Insolvencies with liabilities of SSOOO and over, in each instance, numbered 113 for the latest week, against 119 in the previous week. The total of defaults in the Dominion of Canada amounted to 22, compared with 26 in the previous week, and 46 in the corresponding week a year ago. CROPS SHOW INCREASE Livestock Production Increases Predicted for Next Y'ear. Timet Special NEW YORK, Nov. 27.—Compared with last year's yields only potatoes, pears and buckwheat of 23 principal crops show a decrease in output according to the Alexander Hamilton Institute. The combined output of the three feed crops, corn, oats and hay, will amount to 170 million tons as against 104 million in 1934. an increase of 63.5 per cent. The raising of more livestock next year and the eventual easing of meat prices thus continues to be guaranteed. This will help materially to stimulate an extension of the general business recovery movement, it is pointed out. Chicago Grain Futures (Bv James E Bennett & Cc ) 1130 Prev. Wheat — High. Low. A M. close. Dec 98 3 * 97% 98'-. 97% May 98 .97% 97% .97** July .90 89% .90 89’2 Corn— Dec 60 .59*2 59 5 4 .59 * 2 May 53 s , 50*2 59% 59*2 July 61 .60% .60% .60% Oats— Dec. .... .26% .26*8 26% 263, May 28% 28% 28*4 28% July 28 3 4 28% .28% 28% Rve— Dec 49% 48% 49% 49*2 Mas 51% 51% .51*2 .51*2 July 52 3 , .52', ,52 3 4 .52% LOCAL CASH MARKET City grain eievatois a:e paying 83 cents for No. 2 scit wnesi. Other grades on their merits. Cash corn new No. 4 yellow cents and oats '.9 cents.

Abreast of The Times on Finance

INDIANAPOLIS, WEDNESDAY, NOVEMBER 27, 1935

New Business Books Available at Library The following new business books are now available at the business branch of the Indianapolis Public Library: GOVERNMENT IN BUSINESS, by Stuart Chase "He believes that further expansion of government ownership and control Is inevitable. He is heartily in favor of it and he outlines the technique by which It ought to proceed.’’ THE RISE AND FALL OF THE GOLD STANDARD, by Sir Charles Morgan-Webb— This book gives in simple nontechnical language the history and theory of the currency systems comprised under the term 'The Gold Standard' and the nature of their .success and failure." HOW TO PACKAGE FOR PROFIT, hv C. B. Larrabee— Such points in making up attractive packages as shape, size, color, lettering and materials. ’ INSURANCE FUNDS AND THEIR INVESTMENT, by F. W. Paish and G. L. Schwartz—“One of the most important sections of the organization of a modern community is that part of the financial mechanism hieh facilitates and controls the flow of new savings from those who make them to those who use them." WANTED: SKILLED LABOR, hr National Industrial Conference Board.

SWINE VALDES MOVE UPWARD Prices Generally 5 Cents Higher; Veals, Lambs Hold Steady. Pre-holiday trading in hogs today at the Indianapolis Union Stockyards was strong to generally 5 cents higher than yesterday’s best prices. Although receipts were estimated at only 3000, an extremely weak demand prevailed in practically all classes. Several classes of packing sows, however, were an exception to the general trend and remained unchanged. The sharp decrease in receipts was attributed to the Thanksgiving Day holiday tomorrow, when all major livestock markets will remain closed. Approximately 687 hogs of today’s light supply were held over for Friday's market. The general bulk of 160 to 300 pounds, sold from $9.70 to $9.80 a hundredweight. Extremely heavy butcher classes, ranging from 300 pounds and upward, cashed in at $9.40 to $9.60. Light slaughter pigs, weighing 100 to 160 pounds, brought $9.15 to $9.65. Packing sows sold at. $8 to $9. With the supply also limited in the cattle market, bidding was firm to slightly higher than yesterday. Bulk of steers ranged from $9.25 to $11.60. Most heifers brought $5.25 to $7.50, with few around SB. Individuals ranged upward to $9.50. Bulls sold at $4.25 to SS. Receipts numbered 600. Vealers remained stationary, with the bulk of good and Choice grades selling from $10.50 to sll. Receipts were 500. Lambs were steady to strong. Bulk of good and choice ewe and wether grades sold at $10.25 to sll. Slaughter sheep cashd in at $3 to ss| Receipts were 1000. HOGS Nov. Bulk. Top. Receipts. 21. $9.75®. 9.85 $9.85 0000 22. 9.50® 9.75 9.80 6000 23. 9.6o (rii 9.75 9.75 2500 25. 9.60(5; 9.75 9.75 6000 26. 9.60'Z8 9 75 9.75 6000 27. 9.70® 9.80 9.80 3000 Light Lights (140-1601 Good and choice .. 9 40® 9.70 Medium . 8.905 9.50 Lightweights 1160-1801 Good and choice .. 9 70® 9.80 Medium ... 9 20® 9.70 (180-200) Good and choice .. 9.70® 9.70 Medium 9.20® 9.70 Medium Weights 1200-230) Good and choice .. 9.75® 9.80 (220-2501 Good and choice.. 9.75@ 9.75 Heavweights .240-2901 Good and choice .. 9.65® 9.75 (2SO-350) Good and choice .. 9.50® 9 70 Packing Sows (275-350) Good 8.60® 9 00 (350-425) Good 8.45® 8.75 (425-450) Good 8.25® 8 60 (275-450) Medium B.oo® 8.50 Slaughter Pigs (100-140) Good and choice .. 9.15® 9.65 Medium 8.40® 9.50 CATTLE —Receipts, 600— (500-900) Choice $10.50® 12.25 Good . 9.00 ®11.25 Medium 6.75® 9.00 Common 5.00® 6.75 (900-1100) Choice 11.75® 12.00 Good 9.25® 9.25 Medium 7 25® 9.25 Common 5.50® 7.25 (1100-1300) Choice 12.00®13 00 Good 9.50® 12.00 Medium 7.50® 9.50 (1300-1500) Choice 12.00® 13.25 Good 9.50® 12.00 Heifers ■ 500-750) Choice 9 50® 10 50 Good B.oo® 9.50 Common and medium . . 4.50® 8.00 (750-90$) Good and choice . 8.75® 1100 Common and medium 4.75® 8.75 Cows Good 5.25® 6.25 Common and medium 4.25® 5 25 Low cutter and cutter 3.00® 4 25 Bulls, good ... 5.75® 6.25 Cuter, com. and med. bulls. . 4.00® 5.75 VEALERS —Receipts. 500— Good and choice . $10.50®1100 Medium . 8.50® 10.50 Full and common 4.50® 8.50 Calves (250-5001 Good and choice-... 7.30® 950 Common and medium .. 4.00® 7.00 Feeder and Stocker Cattle (500-800' Good and choice . . 6.50® 825 Common and medium .. 4.25® 6.50 (800-1050) Good and choice .. 6 50® 8.50 Common and medium 4.25® 6.50 Cows Good 5 00® 6.50 Common and medium 4.00® 5.00 SHEEP AND LAMBS —Receipts. 1000— Lambs. 90 lbs. down, good and choice $10.25® 11.00 Medium 8 50610.25 Ewes (90-125) Good and choice . 4.00® 5.00 All weights, common and medium 3.50® 4.50 1120-150) Good and choice . 3.00® 4.00 Other Livestock IBy United Press) FORT WAYNE Nov. 27.—Hogs—10c higher: 160-180 lbs. $9.75; 180-200 lbs.. $9 65: 200-220 lbs.. $9.60: 200-240 lbs $9 55; 240-280 lbs. $9 45: 280-300 lbs... $9.40; 300350 lbs. $9.25; 140-160 lbs.. 59.50; 120140 lbs . $9.25; 100-120 lbs.. $9; roughs. SB. stags. $6.25. Calves—sll.so. Lambs—slo 75. (Bv Times Special) LOUISVILLE. Nov. 27.—Cattle Receipts. 250. salable supply slaughter cattle light; market generally steady: bulk, common to medium steers and heifers. $5.25 :7,25: common dairvbreds down to around $4.75: better finished steers and heifers, absent: early quotable ud to around $10; bulk beef cows. $4: $5.25; good heifer tvpes to around $5.75: low cutters and cutters $3.25® 3.75: sausage hulls, mainly $5.50 down; Stockers and feeders unchanged. Calves—Receipts. 150: market steady to 50c higher: advance on better crads- most good to choice vealers. $r 50® 10 50. medium and lower graces sR down Hogs—Feceipts 500: market. 15c higher: 160-220 lbs. $9 70 225-250 lbs $9 55- 255-300 lbs $9 10: 305 lbs up. $8.70; 120-155 ' K s $8 50; sows. $7 25 Sheep—Receipts 100- supnly very light: market generally steady: most medum to good nati- $9*79 50; choice ouotable to around $10: plainer grade native lambs, lor’udirc bucks, pv-stlv $6 5008.50; j lß h* culls down to $4.50 or less, bulk fat ewes. $3 50 down. Morten and Exchange INDIANAPOLIS STATEMENT Clearings $1 420.000 Debits 5,138,000

JOBS, WAGES GAIN IN LOCAL RESERVE AREA Increases Largest Since Seasonal Expansion in February. Timet Special CHICAGO, Nov. 27. —Employment increased almost 5 per cent and wage payments more than 7 per cent in the Seventh Federal Reserve District between Sept. 15 and Oct. 15, according to a survey of business conditions released today by the Federal Reserve Bank of Chicago. These gains were the largest since the heavy seasonal expansion of last February, when employment advanced as sharply as in the current month and pay rolls by an even larger percentage. As in the earlier expansion, the present improvement affected the majority of the reporting industries, all of the principal groups with the exception of food products and construction work contributing to the gain in employment and all but these and the textile and leather groups to the rise in pay rolls. Auto Industry Is Leader The automobile industry was almost entirely responsible for the substantial increases of 17 per cent in employment and 22 per cent in pay rolls recorded for the vehicles group as a whole. Rubber products followed the trend in vehicles with increases of 8 and 12 per cent, respectively. Metal industries reported advances for the third consecutive month, the October gains being approximately as heavy as those recorded for September. Stone-clay-and-glass and the chemical industries also showed a steady rise in the number of workers employed and their wage payments since last July and wood products have recorded increases in these items since last May. Foods Group Shows Losses The main exception to the rising trend in manufacturing activity was furnished by the food products group in which the losses were brought about mainly by the cessation of activity in the canning, preserving and certain other higLly seasonal industries. Among the non-manufacturing groups, construction, employment and pay rolls experienced a moderate recession following the steady expansion that has been shown by this group since last January. The coal industry again recorded heavy I gains in both men and wage pay- | ments, while merchandising and ! public utilities advance more moderately. Manufacturing and non-manu-facturing industries combined attained an employment level in October that was the highest since last May, and a pay roll volume that exceeded any month since April.

Local Securities (Because quotations on local securities are unlisted on an Exchange, The Times can not assume resnonsibility for the accuracy of these figures gathered from local brokers.) STOCKS Bid. Ask. Belt RR Ai Stk Yds com 50 52% Belt RR & Stk Yds 6% pfd... 52 Central Ind Pow 7% pfd ..... 17 20 Home Tel&Tel Ft. Wn 7% pfd 50% 52 Hook Drug Inc com 14 15% Ind A; Mich Elec 7% pfd 99 102 Ind General Service 87 91 Ind Hydro Electric 53 57 Indpls Chain Sto Term pfd .. 52% 62% Indpls Gas Cos com 38 Indpls Pow &Lt 6 pfd .. 82 85 Indpls Pow Ac Lt 6*2% pfd . 88 91% Indpls Water 5% pfd ..102*/4 North Ind Pub Svc 5% % pfd . 67 70 North Ind Pub Svc 5%% pfd . 68 71 Progress Laundrv com 6% . Pub Svc of Ind 6% pfd 12 15 Pub Svc of Ind 7% pfd .. 32 35 So Ind Gas Ac Elec 6% pfd.. 93 97 Terre Haute Elec 6% pfd 79 83 Union Title com 18 20 BONDS Atlanta Dlstr Term 6% ‘4l ... 62% 70 Buffalo Distr Term 6% ’4l .. 70 80 Brooklyn Postal Sta 5%% ’4B . 37% 42 Home TelAcTel FtW 5%% '35.. 103 105 Heme Tel&Tel FtW 6% ’43 103 106 Indpls Railways Inc 5% ’67 ... 49 53 Indpls Water 4% % '4O 105 107 Indpls Water 5% 'SO & ’6O . . 105 107 Indpls Water 5%% ’53&'54.103% 105 Interstate T & T 5 1 2% ’53 ... 93 96 Kokomo Water Works ’SB ...104 105% Lafayette Telephone 5% '57 102 Morris 5 & 10 Stores 5% ’SO 99 102 Muncie Water Works 5% ’65 .102% . Noblesville HL&P 6% '47 96 98 Ohio Tel Service 6% 47 95 Richmond Water Works 5%’57 104% 106 St. Louis Post Office 5*2% '3B 18 25 Seymour Wtr Ist mte 5% '59 101 104 Terre Haute Water Wkss% ’56 101 % 103% Terre Haute Wat. Wks 6% ’49 103 105 Traction Terminal 5% ’57 70 74 Unlisted Stocks (E’y Blyth & Cos. 1 NEW YORK BANK STOCKS Bid. Ask. Bankers 65% 67% Central Hanover B & T 121 3 4 124 Chase . 37 38% Chemical National 55 5 * 57% Guaranty 395 308 Irving 16 17*2 Manufacturers 38% 40% National Citv 33% 35 Cont 111 (Chicago) 92% 94% First National of Boston 42% 44 Natl Shawmut 24% 26 3 a FIRE INSURANCE Aetna Fire 55% 57% City of New Y’ork (new) 28 30 Federal Ins 83 5 i . Great American Ins 26% 28 Hanover Fire Ins 37*2 40% Hartford Fire Ins 78*2 80% Home Ins 35% 37 Ins Cos of N A 69% 71*2 National Fire 71 % 73*4 North River Insurance 27% 29% Phoenix Insurance 89% 91% U S Fire 52% 54% Westchester Fire 34 * * 35%

Busigraphs

STEEL INGOT PRODUCTION (am. ioon t. STEEL institute) * / %' / ' // 7V\ v-v/V i A 'DOTTED ONE !S THE PAST; '/j q _T77 // '/. /.TEN YEARS AVERAGE OF/ AT ■/. Vs // V. VA THE SA VE MONTHS 4/d 'A c * ri/wA/wvwjMyfrs, * D J F M A t9sj J A S 0 THE PAa4£B CORP GENERAL DiSTP:&jTOPS INCORPORATED INVESTORS

Steel production in the month of October was the largest in volume of any month since May of last year, and more than double that in October a year ago. Production actually passed above the October average of the last 10 years. During the first 10 months of this year nearly 23 per cent more steel jyas produced in our mills than in the corresponding 1934 Tionths.

COMMODITY AND TRADE TRENDS CHARTED

00! 1 1180 1 I MOODY’S DAILY f ! ( I 0 80 .N. 1 j l60 * z jt* : % • •’ s v § iq U : WEEKLY :•* | g ;Q / __ BUSINESS TREND IMO P / * I gQ ] [____] MOODY’S INVESTORS SERVICE [| £0 NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. JUL. AUG. SEP. OCT. NOV 193.4 1935

New York Stock Exchange Prices

(By Thomson & McKinnon) 11:15 A. M. Prev. Oils— High. Low. N. Y. Close. Amerada 72 71% 72 72% Atl Rfg 24% 24 24 23% Barnsdall 12% 12% 12% 12% Consol Oil 10 9% 10 9% Cont of Del .... 27% 26% 27% 26% Houston i new).. 6% 6% 6% 6% Mid Cont Pet .. 16% 16% 16Vs 16% Ohio Oil 11 11 11 11 ’ b Pet Corp 11% 11% 11% 11% Phillips Pet .... 34% 34 34% 34 Plymouth Oil .. 11% 11% 11% 11% Pure Oil 12% 12% 12% 12% Shell Un 14% 14% 14*2 14*4 Soc Vac 12% 12% 12% 12% S O of Cal 37% 36% 37 36% S O of Ind 27*4 27 27 27 S O of N J 48% 48% 48% 48% Texas Corp .... 24% 23% 23% 23% Tidewater Assn.. 11% 11% 11% 11% Steels— Am Roll Mills .. 30% 29% 30'4 29% Beth Steel 50% 49 % 49% 49' 4 Cruc Steel 30% 30% 30% 29% Inland Steel ..104% 102% 104% 103 Ludlum Steel .. 23% 23% 23% 23% Natl Steel 78% 77% 78% 77% Otis Steel . .16 15% 15% 15% Rep Iron & Steel 19% 18% 19 19 Rep Ir & St pfd. 90 90 90 89 U S Pipe & Fdy • 20% 20 20% 19% U S Steel ... 48% 47% 48% 47% U S Steel pfd ..115% 115% 115% 115 Warren Bros 4% 4*/* 4% 4% Youngstn S& T 34% 34 34% 33% Motors— Auburn 39% 39 39% 38% Chrysler 86% 84% 85% 84% Gen Motors .... 56% 55 1 b 56% 56 Graham Mot ... 3% 3% 3% 3% Hudson 15% 15% 15% 15% Hupo 2% 2% 2% 2% Mack Truck .... 25% 25 25% 24% Nash 16% 16% 16% 16*2 Packard 6% 6% 6% 6% Rec 5% 5 5% 5 Studebaker ... 9% 9% 9% 9% Yellow Truck .. 8% 8 8% 7% Motor Access— Bendix 20% 20% 2lr* 20% Borg Warner ... 62% 62% 62% 61*2 Briggs 51% 51% 51% 51% Budd Mfg 9% 9 9*B 8 7 b Budd Wheel .... 12% 12% 12% 12% Eaton Mfg 27% 27% 27% 27% Elec Auto Lite . 33% 33% 33% 33 Elec Stor Bat ... 57 57 57 57 Houdaille (B) ... 28 27% 28 27% Murray Body .... 20 19% 20 19% Stew Warner .... 17 17 17 16% Timken Roll 67% 67% 67% 67% Timken Det Axle iO% 10% 10% 10% Mining— Alaska Jun 15% 15% 15% 15% Am Metals 29% 29*4 29*4 29% Am Smelt 60% 59*4 60% 59*4 Anaconda 24% 24 24% 24% Cal & Hecla ... 5% 5% 5% 5% Cerro de Pasco. 57 57 57 57% Dome Mines .... 41% 41% 41% 41% Granby 13% 13% 13% 13% Gt Nor re 14% 14% 14% 14*2 Howe Sound .... 55% 55% 55% 55 Int Nickel .... 39% 38% 39% 38% Kennecott Cop .. 27% 27% 27% 27% Mclntyre Mine . 38*4 38 38% 38% Park Utah 4% 4% 4% 4% Phelps Dodge .. 25% 25 25*4 25% St Joe Lead ... 23 23 23 22% U S Smelters .... 100 99 100 99% Vanadium 19% 19% 19% 19% Amusements— Croslev Radio .. 17% 17 17% 17% Fox Theat 22% 22% 22% 23 Loews Inc 53 53 53 53 Radio Corp .... 11% 11 *4 11% 11% Paramount 8% 8% 8% 8% RKO 5% 5 5% s'a Warner Bros . 8% 8% 8% 8% Am Tobacco A 101 101 101 101% Am Tobacco B 104* 2 104% 104*2 104 Ligg & Myers B 113% 113% 113% 113% Lorillard .26 25% 26 25% Phillip Morris . 60 60 60 59 ’ 2 Reynolds Tob B 58 58 58 58% RailsAtchison 53% 53 53% 52% Atl Coast Lines . 30 29% 29% 29 B & O 16% 16% 16% 16% Can Pacific .. . 11% 11% 11% 11% Cb & Ohio .... 51% 51 Vs 51% 51 Chi & Gt W 1% 1% 1% 1% C M & St P pfd 33 33 Chi N W . ... 3*4 3% 3'b 3 Chi N W pfd ... 7% 7% 7% 7% Dela & Hud . . 37% 37*4 37% 36*4 Del Lac &W .. 16% 16*4 16% 16% Erie 12*4 11% 12% 12 Grt Northern pfd 31% 31 31% 30% 111 Central ... 19% 18% 19 18% K C Sou 9% 9% 9% 9% Lhiph Valle*' ... 9% 9% 9% 9'., Lou & Nash 59% 59 59% 57% MK & T .... s*B 5% 5% s’, M K & T pfd ... 15 15 15 14% Mo Pac 2*4 2% 2*4 2% Mo Pac pfd 4 4 4 3% N Y Cent .. 27*4 26% 27 26% N Y New Haven . 4% 4% 4% 4% Norfolk & West 197% 197% 197% 197*2 Nor Pacific 23*4 22% 23% 22% Penn R R 30% 30 30% 29’ 2 Reading 37 37 37 37% Sou Pac 24% 23% 24 23% Sou R R 14% 13% 14% 13*8 Union Pac 104% 10*% 10434 10* % Wabash 3% 33% 3 West Maryland . 8% S% 8% 8% Equipments— Am Brake Shoe . 40% 0 40% 40 Am Car & Fdy . 30% 29% 30*4 29 Am Loco ... 24’ 2 24 24% 24 Am Steel Fdy . 2?% 23% 23% 23% Bald Loco 1% 4% 4% 4% Gen A Tank Car 44 44 44 43% Ger Elec .... .98% 37% 38% 37% Gen R R Sig . . . 38 38 38 37 Pullman Inc 38*2 33% 38*2 37*4 West Air Br i! % 30% 31 30% Westingh Elec ..-93*% 91% 92% 91% Utilities— Am & For Pwr ’% 7 7% 7 Am Power & Lit 8% B*4 B*4 8 A T & T 159% 158*2 158*2 158% Am Wat Wks . 19% 19% 195, jgs Col Gas & Elec 13% 13% 13% 14 Com & Sou 2% 2% 2% 2% Consol aGs .. 32% 31% 32% 32 Elec Pwr & Lit . 5% 5% 5% 5% Interboro RT .. 17% 17* 2 17% 1734 Int TAT ... 12% 12% 12% 12*4 Lou G& E 'A’.. 21% 21*2 21% 21% Nat Pwr & Lit .. 10 9% 10 10 North Amer . . 25% 25*8 25% 25% Pac G& E .. 29% 29*4 29*4 29% Pub Serv N J... 43% 43% 43*4 44 So Cal Edison .. 25% 25% 25*4 25*4 Std Gas 5% 5*4 5% 5% Stone & Webster 12% IPs 13% 11% United Corp .. . 7% 7 7* 8 7*4 Un Gac Imn 17% 17** 17% 173. Ut Pwr & Lt A’ 3% 3% 3*4 3 Western Union. 72 71*4 72 71% Rubbers— ~ Firestone 17% 17% 17% 17*4 Goodrich 11% 11% IPs 11% Goodvear . .. . 20 3 4 20*8 20% 20 3 6 U S Rubber 14% 14 3 e 14% 14*2 U S Rubber pfd. 39% 39% 39% 39% Miscellaneous— Allis Chalmers . 33% 33 33% 32 3 4 Am Can 141 140*4 141 140*2 Am Mach & F 30 30 30 31 Anchor Cap . 15*4 14% 15*4 14% Brklyn Man Tr.. 42 42 42 41% Burroughs Add. 25% 26% 26% 26% J I Case 101 100 100 99 3 , Conti Can 93 92 % 93 92% Caterpillar Tract 58 58 58 56% Crown Cork ... 44% 44*4 44’% 44% Curtis Pub ....23% 22*4 23 22*4 Deere <fc Cos. .. 51 3 * 51 51 3 4 51% Gillette 18 17% 17% 17% Glidden . .. .. 42 3 4 41 3 4 42 3 * 41% Int Bus Mach. 179 179 179 181 Inter Harv . 59 3 4 59*4 59% 60 Natl Cash Reg 20% 20 20% 20 Owens Bottle . 122 3 * 121 122 3 , m% Rem Rand 16% 16% 16*4 17 Foods— Am Sugar 54 54 54 54 Armour ... . 5% 5 s*g 5*4 Armour 6% pfd 66 66 66 66*4 Beatrice Cream 18*4 18% 18*4 18% Bo:den Prcd 26 3 , 25% 25 3 , 26% Can Dry G Ale 12% 12% 12 3 4 12% Corn Prod 70% 70 70 70% Gen Baking . 12 12 12 11% Gen Foods . ■ 33*8 33% 33% 33% Gold Dust 20% 20*4 20% 20‘2 G W Suear 33 32 3 * 32*4 3’% Loose Wiles .... 39 39 39 40 Natl Biscuit 34% 34 34 34 Natl D Prod 193 * 1.9*4 19 3 s 19 Purity Bak 15% 153 g 15’g 15 S Porto Rico sug 26-% 26 3 * 26% 26* 4 Std Brands ... 15 14 3 4 14 3 4 15 United Fruit .. 693* 693, 69’* 60% Ward Bak B' . 2 3 , 2 3 , 2 3 * 2, Retail Stores— Assd Drv Goods 16% !S% 16*4 IS S , First Natl Stors 48% 48 48% 47% Gimoel Bros .... 6% 6% 6% 6%

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Gr Un Tea ■ 3% 3% 3% 3% Hahn Dept Strs 8 3 8 8% 8 3 * 8% Kresge S S 27% 27% 27% 27% Kroger Groc .... 26 3 4 26% 26*2 26% Macv R H 54*e 53% 54% 53*2 McCrorv St ... 14 13% 13% 13*2 Marshall Field.. 13*2 13% 13% 13% Mont Ward 37% 37 3 * 37% 37 Penney J C 80% 80 80% 80 Safeway St 33% 33% 33% 33‘2 Sears Roebuck .. 64% 63-% 64 3 * 63*8 Woolworth 57 56% 57 57 Aviation— Aviation Corn .. 4 s , 4% 4 3 , 4% Boeing Aircf* .. 13% 12% 13% 12% Curtiss Wright . 3*2 3*2 3*2 3% Curtiss Wri (A).. 9% 9% 9’2 9% Douglas Air 33V, 32% 33% 32% Nor Am Av 5% 5% 5% 5% Sperrv Corp . 12% 12*% 12** 12*8 United Air new.. 21 Vs 2% 21% 20'2 Chemicals— Air Reduction .. .172 167 172 167 Allied Chem . 162% 161% 16P.4 162% Am Com Alco . 3i 30% 31 30'2 Com Solvents ... 20% 20 3 a 20*2 20% Du Pont 137 136% 137 136% Freeport Tex . . 28% 28*8 28% 27-% Liquid Carb ... 34% 33% 34’2 34 Math Alkali . 31% 31% 31% 31% Natl Dis mew) 30 3 s 30% 30 3 B 30 Schenlev Dist . 51% 51 51% 50*8 Tex Gulf Sulph 33333%2 3 % 33 .32% Union Carbide . 71% 71 71% 70 U S Ind Alco. 47% 47% 47% 47 Drugs— Bristol Myers .. 40*, 40% 40% 41 Coty Inc 6% 6*g 6% 6% Lambert . . .... 23 3 4 23% 23% 23*, Sterling Prod . 65*2 65', 65*4 65*, Un Drug tnew). 10% 10% 10 5 , 10*4 Vick Chem 41% 41 41% 4P 4 Zonite Prod • 5% 5% 5 7 /8 5% Financial— Adams Exp .... 9% 9% 9% 9'2 Allegheny Corp. 2% 2% 2% 2% Chesa Corp ... 57-% 57 3 , 57 3 4 57 Lehman Corp .. 92% 92% 92% 92*, Transamerica .. 11% 11% 11% 11% Tr Conti Corp.. 7% 7% 7% 7', Building— Am Radiator ... 21 % 20% 21 20 3 4 Gen Asphalt ...21 20% 20% 20', Holland Furnace 26% 24 3 4 26* * 24% Int Cement .. 32 3 * 32% 32% 32 Johns Manville . t’4 93 % 93% 93% Libby Owens Gis 4fc% 46 46Vs 46 Otis Elev 23 22 23 22 U S Gypsum ... 81 81 81 81 Ulen Cons 3% 3% 3% 3%

N. Y. Bonds (Reprinted From Late Times Testerdav) DAILY BOND INDEX 20 20 20 60 Inds. Rails. Utils. Bonds Today 91 1 81.0 103.0 91.7 Yesterday 91.1 81.1 103.0 91 7 Week Abo ... 91,4 79.8 102,9 91.4 Month Ago ... 90.1 79.5 101.7 90.5 1935 High ... 91.4 86.4 103.1 91.8 1935 Low 83.6 71.0 89.3 83.0 i Copyright 1935 bv Standard Statistics i U. S. GOVERNMENT BONDS (By Abbott. Proctor & Paine) Treasurys Prev. Close. close. 4 *,is 1947-52 115.2 115.2 4s 1944-54 110.18 110.19 3 3 4s 1946-56 109 109 5 3%s 1940-43 107.4 107.6 3 3 8 s 1941-43 107.5 107.7 3*4 S 1-943-45 105.5 105.6 3%s 1941 . 107.10 107.21 3%s 1944-46 ' 104.26 104.28 3*/eS 1946-49 103.14 103.15 3%S 1949-52 103.10 103.11 3s 1951-55 102.17 102.15 3s 1946-48 102.15 102.11 2%s 1955-60 99 28 99.33 24is 1945-47 100.22 1C0.25 Home Owners Loan Corp. 2%s 1946 99 15 99.16 3s 1952 100,20 100.20 Federal Farm Mortgage Corp 3*4 S 1964 100.25 100.15 3s 1949 101.11 100.27 3s 1942-47 100.2 101.11 DOMESTIC Prev. Close. Close Alleg Corp 5s ’44 85% 85% Alleg Corp 5s '49 73% 78 Alleg Corp 5s ’SO 50 48 Am Frgn Pow 5s 2030 67% 68% Am Tel & Tel 5%s ’43 113 113% Am Tel & Tel 5s ’65 113 1 * 113*4 Arm & Cos (Del) 5%S '43 94% 94% Atl Coast Line 4%s '64 82 3 '4 83 Atch Top & S Fe 4%s '4B 108% 103 Am Wat Wks 5s ’44 11l 111 Am Roiling Mills 5s ’3B 121 122 Balt & Ohio 5s ’95 . 72 71 3 4 Balt & Ohio 6s ’95 81% 82% Balt & Ohio 4%s ’6O 57% 57% Buff Roch & Pitt 4%s '57 63% 63% Chi Milw & St P 5s ’75 14 5 4 14 3 4 Chi Milw & St P 5s 2000 6% 7% Cleve Un Term 5s ’73 99% 99% Cleve Un Term 4* is '77 92 92 Col Gas 5s May ’52 99% 99% Col Gas 5s April ’52 100 100 Col Gas 5s '6l 97% 97% Can Pac Perp 4s 84% 84*2 Cent Pac 5s '6O 86% 86% Big Four 4%s '77 75% 75% Big Four 5s ’63 83 833* Colorado & So 4%s 'BO e. 54% 55 Chi & West Ind 4s '52 99 98*4 Chi & Nor West 4 5 4 s '49 12% 12V, Con Gas 5s ’57 105% 106 Chesa Corp 5s ’47 115% 116 Del & Huds 4s ’43 76% 76% N Y Dock 5s ’3B 57*4 58 Erie 5s ’75 68* * 68 Erie 5s ’67 .. 68*4 69 Gen Cable 5%s '47 .100 100 V Grt Northern 7s ’36 102'/* 102% Grt Northern 4%s '76 93* 4 95% Grt Northern 4%s ’77 92*2 83*2 Gen Stl Cast WW 5%s ’49 ... 83*, 83% Hud & Mnahat. Ref 5s ’57 .... 80*2 81% 111 Cent 4 5 4 s '66 56** 56% 111 Cent Jt 4%s ’63 603 4 5B 3 i 111 Cent 5s ’63 66% 64', Interlake C & I 5s 'sl 86 85% Tntern:! Hv Elec 6s '44 . 56* * 57% Interntl Tel & Tel 4%s ’39 . 82% 82 Interntl Tel & Tel 5s '55 .. 74 74% Interntl Tel & Tel 4%s '52 . . 72% 72 McKess & Rob 5%s 'SO 102% 102% Midvale Stl 5s '36 101'* 101% Natl Dairy 5%s ’4B 104% 104 Nat! Steel 5s ’56 ..106 105 3 '* Nickel Plate 4%S ’7B €s*'* 65*., Nickel Plate 5%s ’74 76* 2 76 5 4 Nickel Plate 6s ’35 82% 84 N Y Cent 5s 2013 76 3 * 76% N Y Cent 4%s 2013 (old) . . 70% 71 Nor Amer Cos 5s 61 ...... 103% 103% Nor Pac 5s 2047 72% 72 Nor Pac 4%* 2047 88% 88% Nor Pac 6s 2047 102*4 102% Nor States Pow 5s ’4l ... 106% 106% New Orleans Term 4s ’53 . ... 81 80 Otis Steel 6s ’4l 101 % 001*4 Penn Pv 4% s ’B4 103% 104*4 Penn Pv 4* 4s ’Bl 104 104* 4 Penn Rv 4%s ’7O 98% 98 Pac G & E 5s ’42 105% 106 Portland Gen El 4%s '6O 73*, 73 Para Publix s*-s 'SO 88*2 89% Penr. P & L 4%s 'Bl 105 5 4 105% Postal Tel & Cab 5s 53 35% 36 Pem Band WW s*->s5*->s ' 5 7 ....... 105 104% Shell Union 0:1 5s ’47 >...103 103 Sou Pac 4%s -e 8 76 76% Sou Pac 4%s 'Bl 75 7* Sou T>ac 4*?s '69 75*4 76*2 Sou Pac 4s '49 79*8 78% Sou Pail 4s ’56 49*, 49 Sou Rail 6s '56 65 65 Sou Rail 6*% '56 67% 67 Sharon Stl Hoop 5%S '43 . ... 103 iO*’-* Texes Pac 5s 'BO . . . 92 92 Texas Pac 5s ’79 *. 92% 92 Unten Pac 4s ’47 Ill*, 111*4 United Drug 5s '53 95’% J>s% U S Rubber 5s ’47 100*, 100 3 , NY NH & Fart 6s '4B 28 29’, NY NH f- Hart 4% s '67 . 26% 27% Warner Bros 6s '39 .. .. 87*2 86 Western Marv s*-s '77 .. lot's 10Hj Western M-t 4s '52 ... os’, 95 3 4 Youne'town S & T 5s '7O ... ini :00% Youngstown S&T 5s 78 101% 101 FOREIGN Areentina A 6s '57 98 98 Argentine B 6s 'SB 98 98 Brazil 8s 41 28% 23 3 s Canadian Govt 4s '6O 106 106% Denmark 5%s 55 . 100* 2 ICO*, French 7s 49 176 177*2 German 5%s '65 31 31 German 7s '49 38 38 Italy 7s ’sl 57 58 Japan 6%s '54 99 98% Poland 7s ’47 101 % 102 1 * Tokyo City 5%s ’6l 80% 80 Yokohama 6s '6l 83 83

All Markets Closed Tomorrow All security, commodity and livetsock markets trill remain closed tomorrow in observance of the Thanksgiving Day holiday.

Household—■ Col Pal Peet ... 44% 44% 44*2 44% Congoleum 44% 44% 44% 44% Kelvinator . 14 5 , 14% 14% 14% Mohawk Carpet . 20 20 20 20 Proc <fe Gamble. 47% 47% 47 * * 47% Servel Inc ... 14% 14 14% 14', Simmons Bed .. 17% 17', 17% 17', Textiles— Belding Hem ... 13% 13% 13*4 13% Celanese Corp .. 28% 28', 28% 27% Collins Aikman 44** 44 44 43* 2 Gotham Hose .. B*B 8% 8% 8% Indus Ravon 30’ * 30% 30*, 30% Kayser Julius .26 26 25 25% Chicago Stocks (By Abbott, Proctor & Paine) 11 30 Prev A M Close Berghoff 6% 6*B Butler 8 7% Chicago Corp 4% 4% Chicago Corp pfd 45 45 Cities Service 2*, 2*4 Conti Steel 42% 42% Com & Edison 96 % 96 % Cord 4*4 4*4 Crane 22% 22 Elec House 18*s 18* a General House 2% 2% Grt Lakes Dredge 27% 27% Libby . 9% 9% Noblitt Sparks SI 3 , 31*2 Perfect Circle 4040% Pub Servos 111 52% 53 Swift 20’r 20 Swift Int 32', 32 New Y ork Curb (By Abbott. Proctor & Paine) 12.00 Noon Prev. NY. Close Aiumn Cos of Am 90% 88*4 Am Cyanide B" 28% 29* * Am Superpower .. 2*4 2% Atlas Corp 13 13 Carrier Corp 10*4 14% El Bond Ar Share 15% 15 1 * Ford of Can "A” 26% 26’ 4 Ford of Europe B*a 8 Hiram Walker 31 30% Imperial Oil Ltd 20% 20% Lake Shore Min 51 52 3 4 Nia Hud Pwr 8% 6 3 4 Penn Road 3% 3*4 Sonotone 2% 2% Wright Hargraves Min 7% 7% Dividends Declared Dividend rates are given in dollars and cents unless stated otherwise. Company— Rate Per’d Payable close Affiliated Prods. .05 M Jan. 1 Dec. 13 AlliedChDve p 1.75 Q Jan. 2 Dec 11 Am Home Prods .20 M Jan. 2 Dec. 14 Belding Corticell ...1.00 Q Jan. 2 Dec. 14 Bloomingdale Brothers .. .10 Q Dec. 27 Dec. 17 Bridgeport Bross .10 Q Dec. 31 Dec 13 Crowell Pub ... .25 Q Dec. 24 Dec 14 Crowell Pub 25 ex Dec. 24 Dec. 14 Fed Mot Aruck. 10 Dec. 20 Dec. 7 Gillette S Raz .25 Q Dec. 31 Dec. 6 Home Fire At M .50 Q Dec. 16 Dec. 5 Koppers Gas A: Elec 6% P 1.50 Q Jan. 2 Dec. 12 Myers FE&Bro. 50 Q Dec. 31 Dec 16 North American .25 Q Jan. 2 Dec. 10 Phila Elec Pw 8% p 50 Q Jan. 1 Dec, 10 Safety Car Heh At Lig 1.00 .. Dec. 23 Dec. 6 Southwestern L At P $6 cum p .50 .. Dec. 31 Dec. 16 Southern New England Tel 1.50 Q Jan. 15 Dec. 31 Standrd Brands .20 Q Jan. 2 Dec. 6 United Corp p . .75 Q Jan. 2 Dec. 10 Yale At Towne .15 G Jan. 2 Dec. 10 American Chain 7% p . 3.50 Jan. 1 Dec 20 Draper Corp ... .60 Q Jan. 2 Nov 30 Draper Corp 1.60 spe Jan. 2 Nov 30 Chorox Chemical .50 Q Jan. 1 Dec. 20 Clorox Chem 12% ex Jan. 1 Dec 20 Hortford Steam Boiler .40 ex Dec. 2 Nov. 25 Inti Bus Mrh .1.50 Q Jan. 10 Dec. 20 Int! Bus Mch 3% stk Feb. 10 Dec. 20 Kobacker Strs p. 1.75 Q Dec. 2 Nov. 16 Kresge S S .25 Jan. 2 Dec. 11 Kresge SSp.l 75 Q Jan. 2 Dec. 11 Johns-Manv .50 . Jan. 15 Dec. 24 N Y Queens E L At P 100 . Dec. 14 Dec 6 Rubberold 25 Q Dec, 14 Nov. 20 Rubberoid . 1.50 ex Dec. 14 Nov. 30 Un Carb At Car .50 Jan. 1 Dec. 6 United CarrFastener .30 Q Dec. 16 Dec. 9 Wesson Oil At Snowdrift .12% Q Jan. 2 Dec. 14 Wesson Oil At Snowdrift .37*2 ex Jan. 2 Dec 14 Pfeiffer Brew .. .25 Q Jan. 1 Dec. 20 Pfeiffer Brew- .15 ex Jan. 1 Dec 20 So Colorado Pw 7% n 1.00 Dec. 16 Nov. 30 Natl Fuel 25 spe Dec 21 Dec 6

Produce Markets The prices quoted below are paid for stock gathered in the country, while delivered in Irdianapolis the price will be a cent higher. Heavy breed hens. 16c: Leghorn breed hens 12c; springers, over 4-2 lbs.. 17c; under 4% lbs., 16c: old cocks. 9c: Leghorn springers. 1% lbs and up 120Turkeys—Young hens. 8 lbs, and up 19c: toms. 13 to 18 lbs.. 19c: over 13 lbs . 18c: old toms. 14c. Ducks—White 4% lbs. and up. 10c: geese. 10 lbs., full feathered and fat. 9c; old guineas. 15c: voute guinea--I*2 lbs. and up. 25c No. 1 strictly fresh eggs, loss off. 25c pullet eggs. 18c. Each full case must weigh 55 lbs gross, a deduction of 10c a pound under 55 lbs will be made. No. 1 butter. 36%®37%e; No, 2 34%®35%c; butterfat. 31c. Quoted bv the Wedlev Cos. 'Bv United Press) CHICAGO. Nov 27—Eggs—Market unsettled; receipts. 1880 cases; fresh graded firsts. 29c: extra firsts. 30c; current receipts. 27®28c, dirties. 20®21c; checks 19 ®2oc. Butter—Marke>. easv: receipts. 3308 tubs: extra firsts 90-91% score 31%® 32%c; extras (92 5c0re.3334 c.2 3 4 c. firsts 8889*2 score'. 30%®30%c: seconds : 36-87.% score). 29%c specials. 33%®33 3 4 c standards. 32c. Poultry—Market, steady: receipts 2 cars. 26 trucks ducks. 15*?® :?,<■ geese. 15® 16c: spring chickens. 19® 20c hens. 16®18%c: turkevs. 22®27c. Leghorn hers, 14c: old roosters. 14c. CheeseTwins. 17®17%e Daisies 17*2® 18c Longhorns. 18®18%c Potatoes—Supply heaven Idaho russets demand light; on o'her s’oek demand slow marke'. slightly weaker lelaho rus?e> Burbanks, sl7o® 135 commercials. $1.55; U. S No. 2. sl2s® 140 Wisconsin round whites. $1 07*201 10 Michigar russet rurals. $1 150 1 20. Green Mountains, $1.35. Minnesota and North Dakota Red Ri-er Ohios tl 35 Colorado McClures. $1 50® 160 Nebraska Bh-s T- - umps. $1 40 Arrivals. 39; on track, 435 rttipments. 340. BUY A HOME WITH A LOAN FROM A LOCAL Building & Loan Assn.

Government Bonds Home Owners' Loan Corporation and Municipal Bonds The Union Trust Cos. ic of Indianapolis ★ BOND DEPARTMENT 120 E. MARKET Riley 5311

SEC SETS NEW REQUIREMENTS FORjmiTIES Holding Firms Must File Further Information Before Board. By C-nitnl Vr, -** WASHINGTON. Nov. 27.—A1l major financial deals of public utility holding companies will be subjected to strict Federal control under new rules for the industry laid down today by the Securities and Exchange Commission. Despite an apparent ceneral court fight against the law. which becomes effective Dec 1. the SEC went ahead with its plans to govern the industry. The latest government step is the promulgation of three new forms to be filled out by utility holding companies giving further pertinent information relating to their affairs: Detailed Information Sought 1. Companies are to file information to "enable the commission to determine” whether or not the securities they plan to issue are adapted to the company's financial structure, its earning power and efficient operation of the business. 2. Companies are required to submit informatipn describing securities they plan to acquire and facts showing the effect of the acquisition on their capital structure. 3. Information must be supplied on prospective new assets to be acquired. Industry Continues Opposition These rules were in addition to those promulgated over the weekend detailing the type of investments that utility holding companies may make. Meanwhile, the industry continued to show its opposition to the pending control. All leading companies either have ignored SEC demands that they register their companies or are seeking injunctions against enforcement of the act when it becomes effective. Only two companies, a small New York state concern, and the Mon-tana-Dakota Utilities Cos. of Minneapolis have signified their intention to date to register. The latter reserved its “constitutional right” in registering. ASK DEFINITE PROGRAM Building 3laterials Organizations Send Letter to Roosevelt. Timet Special WASHINGTON, Nov. 27.—The fact that some 40 major government agencies are concerned directly or indirectly in housing, that some appear to be competing with each other and some with private industry is the subject of a letter that has just been sent to President Roosevelt by 15 representative organizations of the building materials industry. Those organizations, in making their request, state in part: “Until we know the extent to which the government itself proposes to go in the housing business, private activities will be bound to proceed hesitantly and with utmost caution. Thus, without intent or desire, it puts a brake upon industrial recovery. BUYING POWER GAINS Timet Special MINNEAPOLIS, Nov. 27.—Continued rise in wages, and a definite break during the third quarter of 1935 in the long uptrend of food prices, combined to produce a net increase in tha actual buying power of the average American family, according to the Family Buying Power Index issued today by the Northwestern National Life Insurance Cos.

OFFICE SPACE |JP^ 4 The available vacancies in the several office buildings under our management offer a full range in pnee, size and type of office space KLEIN & KUHN Inc. Property Management LINCOLN 3545