Indianapolis Times, Indianapolis, Marion County, 5 December 1936 — Page 11

Exchange Protests Unlisted Trading, Flynn Says. lene BY JOHN T. FLY

~ YORK, Dec. 5—~In the good old days of free and easy on varfous stock exchanges an impression grew up that the so-called “unlisted” security market on stock exchanges was a bad thing. One of the largest, if not the largest, and most Jiportant such market was on the Curb Exchange of New York City.

On the Stock Exchange no stock could be traded in uniess it was regularly. listed. To obtain listing the corporation issuing the stock had to supply certain information .and thereafter the stock exchange could maintain over the corporation a certain surveillance because it could deprive it any time of listing privileges. But this was not true of the unlisted market. On the Curb a cer-. tain number. of. stocks were listed. But a very large number were not listed—they were admitted to unlisted privileges, And in this unlisted market a host of abuses grew up which brought down on the ‘head of the Curb the severe criticism of investors and speculators alike.

OWEVER, when the Securities and Exchange Commission was organized it made, as directed by law, a study of the subject of unlisted stocks and trading. The group entrusted with the study reported unfavorably on unlisted trading just as the group commissioned to study broker segregation reported against a continuance of dual functions in the same broker. But in both cases the commission turned the matter over to other groups — “practical men,” which means gentlemen previously connected with Wall Street and some of whom are back there again at their old stands. From the new groups they got, presumably, the report they wished— namely, a reversal of their first experts. At all events the commission permitted the Curb Exchange to continue its unlisted market. Now the Pittsburgh Stock Exchange has applied for the privilege of conducting an unlisted market.

» » »

T is interesting to note that the Chicago Stock Exchange has - filed with the SEC a protest against this. The protest is based first upon the broad principle that unlisted trading on exchanges is unsound in’ principle and an abuse against the right of the public, and secondly, that it is a direct attack on those exchanges which maintain listed markets only and try to live up to decent and sound " principles fo security trading.

It is interesting because here we find a stock exchange going further than the commission in its. advocacy of principles of public protection. If listing is a protection to the public, then it should be required of all issues.

There can be no doubt that an exchange can exercise but little control .over. unlisted securities. The exchange can not reach the corporation officials, it can not go into their books, it can not inforce against them any sound principles of accounting and reporting. The Chicago Stock Exchange has taken a forwardlooking stand. (Copyright, 1936, NEA Service, Inc.)

Fruits and Vegetables

(Quotations below subject to change, are Syeage wholesale prices being offered selected Stay-

buyers by local commission dealers.) Pals, Oregon Bosc. 100s, box 3.33: California - Avocados, 20s-24s, box, 0. BE” 3 D’Anjou, extra fancy (110sBananas, 1b., be. 30-ounce "inpin 3 ches diana Belicia us, 2% fhiches “up, 0. 1 Indiana Golden hes 2h AR up, $2. 1 2a inches up, $2; No. 1 Jonathans, 2% inches up. $2; IN . Y. Hubbardinches u os: Ne. L Alen.

: No. 1

432s, $4 . box, $2. Gr: Esa 38-1b." ier i) Early blacks, 35-1b. BOK, es, 18s,

o Dx Fra be Shs: ai, A Tora e. ar

. “Se stables Artichokes California. 4-doz. ragus. California, crate, 3.50. Beans, ringless, h 8:38

‘ Florida str

routs.

s., 35¢. dag 1 & Celery 2, an Mammoth, ass. 7 ; med. um, ele cabbage, own, doz., 75¢. Cucumbers—Fiorida, Ba.

$3. Pepper: $4: doz. 03. i fly hen 50-1b. §. 8c; Northmedium, § ‘ani Par rsley.

533,38 Fenton § Main im Ter . o dei; Das Idaho Rusi Fontan Nancy

Eb Ri. Jerseys ‘‘Posete ied Ei. Buttons, not we aie. ina Es fl gage ‘85¢.

bu.. a 8-Ib. basket. $1.85.

BY hited Press)

§5.—Apples—Michigan, aaioeh. “41.606 Assails. a logs Ry His “350 esc.

Acron, Pi. ¥, omatoes, hot

1.40@1. en to ach—Iilifornia, hampers, $i $1 9 ons (50- sacks) @85¢c;

LEE wer—California, He May +

fana whites. chigan

Ey Markets ens prices quoted ile i= a

= PRL leigh ay “1 strictly fresh, loss off, 3ic

breed hens, § lbs. and over, 13c;

lle. eringer 2 ated 20S

mes Or

PROFIT-TAKING FORCES WHET FUTURES DOWN

Favorable Weather in Spring and Winter Belts Is Selling Factor.

By United Press CHICAGO, Dec. 5—Scattered profit-taking in wheat futures, induced by light but general precipitation over the spring and winter wheat belt forced prices down’ for small net losses today on the Chicago Board of Trade. At the close wheat was unchanged to off 3. cent; new corn was off 1% io up % cent, and old corn was up 1, to 3 cent. Oats were off 13 to

{up 1s cent.

Trading volume was light with most speculators taking a sidelines position pending developments in the European political situation over the week-end and as a result weather news became the prime factor in the market. A relatively firm tone at Liverpool lent a little support to the local market at the opening, but the reports of snow in the West, coupled with forecasts for more wet weather over the week-end, brought out selling and prices fell back.

Liverpool Market Lower

The Liverpool market closed % to %d lower, steadier than was due, as a result of continued buying of Southern Hemisphere wheat by Italy. Winnipeg prices reacted after a firm start under profittaking. The slump had a depressing effect on Chicago prices. Buying of May corn by local professionals started covering by shorts and corn prices rallied from early low: points to hold around previous closing levels. The December delivery was barely steady but the deferred months showed small gains. Other grains held to a narrow range around previous closing levels. Rye lost more than a cent a bushel of its recent gains under selling induced by the heavy tone in the wheat pit. Oats were practically unchanged and soy beans were a shade higher for the day.

CHICAGO GRAIN RANGE (By United Press) High. Low. 1.24 1.20% 1.06%

Wheat— Close.

1.07% 1.0212 1.013%

967

1.0 1. 033; 1.00%, 99 98% 97% 196% .46% 46%, 427

.. 99 95% *.89% Barley—

Soy Beans— »

Dec. : 1. 1.36b- 1.347% May c.cieevne 13% 1. 1.36% 1.35

12.55 12.55 12. 61 12.65

Mar a "Asked; bBid; n Nominal;

12. Sh 35 8

12.6 12.9 Hi 13: ‘93 *New; **0Old.

CHICAGO PRIMARY RECEIPTS —Bushels— eons Last week.

849.000 ©. 113,000

874,000 150,000 CHICAGO CASH GRAIN (Bq United Press)

mix : 5 mixed (old), 98%c; ellow 4 @1.04'2: No. S yellow, Orca el or. 01: 7c. at 0. 1 wh 49c;

ia crop, $5.8 , arp, $5804 4, 3 yellow.

‘$12.57, nominal; 6.62, nominal;

6.70; new crop, beans—

loose, i bellies, $16.50, nominal.

TOLEDO, Dec. 5.—Grain close, in elevators (transit - Diling): Wheat—No. 2 orn--No.

red, $1.28'2@l. 2 yellow, $1 Java@al 09%, fines Rute, 52@

eat—No. NO NLL ae. .05; No. 3 No. 1 white, a

3 hite, 48@50c. Produce: Butter—Extra 1-1b. prints, 36l%c. Eggs—Exras, -

INDIANAPOLIS Wheat-—Market, eas 3 sacs Ae 2 car- . No. 1 red, $l. red, $1.19; No. 1 hard, $1.23; 2 Corn —Market, steady. Receipts, 53 csrloads. No. 3 white, [email protected]; No. 4 Jvhite, 9 es |i

Xo. 3 3 cw, 8 $iiagec: N : . Receipts, 1 car load. No. 2 ‘white, 46@47c; No. 3 white, 45@46¢, LOCAL CASH MARKET City grain elevators are paying |S $1.16 for No. 1 red wheat. Other grades on their merits, Cash corn new No. 3 yellow, 94¢. Oats, 40c. Hay--No. 1 timothy, $15.50@18; No.

first cutting, [email protected]; second cutting, [email protected].

Commodity’ Prices

(By Abbott, Progtor & Paine) 4 ~ COTTON

Prev. aber senna men. Te 10.75 Qos 0%

ped v..-e 10.90 10.35 10.90 1 July 11D 106s tes 118 1

SUGAR Close. 2.82 282 233 23¢ 288

High. Low. MArch wosecernns x) 2.81 YF canaries esse 2 “2.38

savsratbpaans

» BUTTER

January ...oov.ae

Close.’ 5) JADUATY ..ccciiaiivioiiie.. 28% N

,| Col Carbon

1 clover, [email protected]; No. 1 alfalfa, Mc

“SATURDAY, DECEMBER 5, 1936

Chicago

at a meeting in the Columbia Club.

Officials and members of the Chicago Stock Ex- ° change made a good will trip to Indianapolis Thursday to demonstrate trading procedure on the exchange floor, to local brokers and their employes,

They are shown here (left to right), first row,

Stock Exchange Officials Visit Here

}

Virgil C. Webster, governor; Thaddeus R. Benson, president; M. .Ralph Cleary, governor, and J. G. Blesch, specialist. Second row, R. W. Davis, M. B. Johns, A. E. Turner, James M. Pyott, A. 1. Jablonski,

E. G. Barker, R. E. Shimmin, all exchange members,

and George W. Wilson, exchange floor manager.

New York S tock Exchange Prices

Volume approximated 1,000,000 shares compared with. 1,430,000 shares last Saturday. Curb transactions approximated 288,000 shares compared with 418,000 shares last Saturday.

Dow Jones preliminary closing averages showed: Indystrials, 181.05, up .08; rails, 54.56, up .09; utilities, 35.28, up .13.

+ (By Thomson & McKinnon)

High Low Close Close Prev. 29 62% 21% 11% 8

Amusements— Crosley Radio .. 29%: 29 Loews inc 99 627% Paramount Radio Corp RKO 20th Century Fox 36 Warner Bros ... 16%

Aviation—

Aviation Corp .. 67% Boeing Aircft ... 37% Curtiss Wright. . 7% Curtiss Wright t A 21% Douglas Air .... TV Nor Am Av .... 13 Sperry. Corp_. 23% hited Air Lines 18% Unitd Aircft New 27% Trans Contl-Wst 18

Building— Am Radiator “es Barber, Lone 60% RE anyiile 113 $2 Libby poNens Gls

Watren Bros ...

Cheimicals—

Air Reduction .. 78% Am Com Alcohol 32%

18% 27 18 23% 307 61 141

74 35% 10%

1% 23% 32%

i on 7934 31Y, 19

16 182

Com Solvents ...

Liquid Carb ... Math Alkali .... Monsanto Chem 9 Natl Dis (new)..

.102 Alcohol fh Am Home Prod..

Drugs— Lambert Sterling- Prod . Un Drie (mew). 1a

Equipments— Am Par & Fdy-. . 34,

Loco An Stes] Fy. . Bald Lo

Pullman Jie ive 8 West 46% Westingh ise’ ..145%, Foods— Am Sugar “rerae 8h

Arm Beatrice Creamy 26 Borden Prod . - 314 Cal Packing ... 42% Canada Dry G A 19% Coca Cola . 512 Cont Dak @.. 3a Gorn Prod 0% Grom of 28 Cuban Am Sugar Gen Baking .... 1 Gen Foods G W Sugar. . Heckler Prod ... 13

United Fruit.... Financial—

Adams EXD .... Allegheny Corp.. Am Int Corp..

Transamerica. . .. Household— Col Pal Peet .... Cangoleum Kelvinator Mohawk Carpet Servel Inc ..... Simmons Bed.... Mining— Alaska Jun ..... 4 1s Am Smelt Anaconda Cal & Hecla . Cerro De Pasco. Dome Mines

Gt Nor Ore. . d

sees

as abaaw snsene

. : seman 3 of chase SY 3

B cents unless stated ot

Prev. close.

20 24%

High Low. 19% 24%

Close. Tidewater Assn. . n Oil of Cal... 2 mile Atchiso «173 7 Atl Coast Lines.. 48 B&O 22

Can Pacific ..... 13% oe 7%

Ohio Chi & Gt W . Chi (SAW hi M&StP. 2 CM & St P pfd. 4% Chi NW 3

BD bt bt AS

Bet BND C0 pt hed 1b 1d

Sou R R 1% Union Pac .... 138%

Wabash West Maryland... 93% Retail Stores— 18% 25

Allied_Stores.... Goods.

ay St Seats Roebuck . Woolworth

Rubbers— Firestone

S Rubber .... 45%, U S Rubber pid 96% Steels— Am Roll Mills. .. 35% eth S

] . 1 Keystone Steel . 20% Lu dlum Steel . .

Mid Stee! Natl Stee Otis Steel ...... Rep Iron&Steel.. Shoron Steel ... U 8 Pipe & U S Steel Warren Pipe-Fdy Youngstown S-T Textiles— Amer Woolen ...

3 Indus Rayon .... 38% Tobaccos— Am Snuff in Tobacco “B” 9 Lig & Myers ‘B Lorillard

Local Securities

(By Indianapolis Bona and Share Corb.) The followin

68 104 104 a 23% 21

BONDS

Citz Ind Te) oH as a H Tel & Sel Ft

[ndpls Railway. Inc nterstate Tel & Tel Shs "53 Kokomo Water Works 6: a Morris 5 & 10 Stores & Muncie Water Works 5s Noblesville H I & Ohio Tel S - .100 Seymour Water Co. 5 Vai S ees CH Trac & L 5s '44 “ee C H Water" ‘Works Bs *49..... «103 0 5s ’49. 3 Co. 58 *57 ..... 18 [ndpls Water Co 3'%s '66......104% STOCKS ABC Brewing Co com ....... 4-5 Bel a £8 YE Cent Ind hs vid i

Home gel &

In Pw Lt Co pfd 6s.. Indpls Pwr & Lt Co pfd 5%s.. Ils Sater Co pra’ 28. 104

ec Union" Title Co. .

Dividends Declired.

Dividend rates are given in dollars and rwise. Books Rate Per’d Payable Aftiliated Pds ..$ 39 ext Det. 2

Al Q Jal FH an. . 24 . 24 » 31

FERRER

50 40° Nova Seotia 3.00 St Inv .. Bri Mch -. 1.75 Sruns- ~Col5%p 1 p A A. .12 8/10

pore gio

, .

§Rgel:

YFRTRERTETITNY

ofolk: of: RENRRERRRRRIVREENVENYEY trv

SheakEb Eines CEERI OR SR ORT SE

000: 08:

AXRRRRRERRRRRNRES

sh h ,, , Bsus BUEEERERENEES

o's Fosed: sof RIT

FREY

NN Lx I

High Low Close 's 6 59% 59 44 6% 107% i 171% 3 45%

Philip Morris .. Reyn Tob “B’. ga Am & For Am Power & BLA 1 AT 5.1 stn

Lou © % E Nat Pwr & ii: North Amer ... Pac G& E . Pub Serv N Jo. So Cal Edison.. Std

as Stone & wy dpster Lansd ied Gd ot Par & Lit “A Western Union..

New Bond Issues

(By W. L. Lyons & Co.)

ATsentine Rep is ht Assd Tel 4s Ams er Tel & Tel 3%s ’61 AT T 66

& 3Y B & O 4's ’39 Calif Ore Pwr 4s ’66 .. Cent Maine Pwr 4s ’60 Cent Maine Pwr 3Y%s ’66 Cent Ill Lt 3%s ’'66 Cinti G & E as $x Cleve Tractor bs ’4

y s 50 Edison El i lum. Bost 32s '65..10 Gosdrien 2 ’5

70... Louisville G & E 3s '66 .. Metro Ed 4s ’'65 Minn: Gas & iLte 4s Mont Power 3%s '66 ‘........ Narra Elec 3%s ’'66 v3 3 New England Pov 3s 61... N Y Chgo Stl 4s 46 N Y State loc Gag 4648 Oklahoma Gas & Elec 4s 148. Pac Gace & Cc ightin

Lit Penns Xe 4s Raltway 4 "Tite & 8 “Svs *i55. 10 - s ’55.. Repunile & Steel 336s 56 San Diese 4s 65 .. Sou Cal G & E 4s S

E 3%s ’'66 ... Wisc Sub Serv 4s '61 ...

————

‘Investment Trusts

(By Thomas D. Sheerin & Cgc.)

Bid. Asked.

nd 24 RB 31 Inc (new), 0

“Bn.

Building Permits si C. Blacker, 139 S. Illinois-st, The Fan, 27 S. inmost W. L. Blasengym, 103 garage, 32. a 5 Michiganst,

320. 31 1% 2%

Go. 53 Sales & Service, 211 Indiana-av,

sign,

Sn, 308

1402 W. Washington$50.2" %1

1 N. Capitol-av,

62 mh 31d: Bien 0 DW. “10th-st, sign, | Katz Bag Co., 316 Ss. ew *pordia Cleaners, 110 S. Noble-st,

neta) Outdoor Advertisi Co., he ess ST ir

190.

PAGE .11

OILS, UTILITIES FEATURE SLOW STOCK SESSION...

Gains ‘Recorded in Large | 15% Range of Issues; Steel: Outlook Good.

Ey United Press a YORK, - Dec. 5_Strength in oils and utilities featured the

short “session on. the Stock Ex- Sus

change today. Most stocks made gains, Steels responded to outlook for further

heavy business. Motors came back as prospects for strikes at equipment plants being settled shortly. Aviations were bid up, featured by Boeing, which made a new high. Alcohol stocks were in demand, featured by United States Industrial Alcohol, which gained more than 2 points. American Commercial Alcohol was up more than a point. , + Mercantiles Advance Mercantile issues resumed their advance. Rails improved and new buying came into the railroad

equipment shares. Building stocks

came forward with. Johns Manville’ reaching 143%, up ‘2% and Ruberoid at 109, up 2 points. Coppers were about steady, sugars strong, and special issues better, Trading was moderately active after an opening enlivened - by blocks ranging to more than 6000 shares in some of the low-priced oil issues. In the oil section new highs were made by Continental at 39%, up ‘7% Pierce 2%, up %, and Plymouth

at 22%, up 1. Gains of fractions to

more than a point were noted in Consolidated '0il, Standard of New Jersey, Superior, Phillips and Amerada. Midland Pays Dividend

Midland Steel products rose 1% to 43%. Directors declared a dividend of $2 a share on the issue payable Dec. 23, and another dividend of 50 cents to be paid Jan. 1. The last previous Sivigend was $1 25 a share paid Oct. 1 American Water Works rose a point: in the utility. section, where Electric Power & Light featured in activity, Manatai Sugar made a new top in its section at 7, up 1%. New

| tops were made by such issues as

Fourth National Investors at 47%, up 1; Hercules Powder at 14072, up 2%; "International Hydroelectric at 8, up 1; Newport Industries at 33%, up D2 aimisations sagged slightly with American Telephone closing at 187%, off a point. In the railroad equipments fractional gains were made by Westinghouse Air Brake and American Locomotive. Spiegel May Stern rose more than a Poin inthe mail order section.

~ Chicago Stocks

(By Atkins, Hamill & Gates) Close. Manufacturing eee.... 17 lum Manufacturing -

Investors . Blessing

Close. 17

New York Curb

(Py Atkins, Hamill & Gates) Prev.

Close Aluminum Co of Ameérica- ey American Cynamid “B’” ...... Am Ga Gas ang Fieclric crsesses it Am Ly \tlas Corp

Trowi

Cooper Carrier Corp Creole Pete” Corp oes aE a and Share ...

Niagara Hudson POWer ....... Mueller Brass”... ...... cesses

Pan-American Airways Pentoad rp

sssvan

ersey- | Pie

sign, 16th

wa 29th-st,

R. M. Bowen, 2737 E. 38th-st, electrica,

$100. : James Nie 5837 ~av, trian $155, sgse. Winton av,

‘ elee-

vernor Root Petroleum Bustles

Storch” Brotiers 11. a

1 S Iron. and Steel ..... Lock

BUSINESS “

COMPOSIT BUSINESS ACTMITY ~~ END OF OCTOBER J YB ath cout sisi NORMAL courant wre 20.8 a vean aco

MOTTED

DAILY BOND INDEX (1926 Average Equals 100) 20

Inds. yo + Hd

i BERBER

woe Fas g88 OR

ES 3

Qeww

Ba Fi

(Copyright, 1936, "by si Standard

(By P. S. Moseley & Co.) U. 8. GOVERNMENT BONDS

Sssssssecssssssns

Att bt ett £4 2s8smes Lane of

552858 gogo

ob reCIBICN 0

Home Owners Loan Corp. 3s 1942-44 2%s 1949

Federal Farm Mogteane or.

3s 1042-47 .. 2%s 1949

s 8 88 Ri Je ne

Today's Bond Leaders—

cis g2e Int; dro Electric 6s "44 . Amer sud For Power 5s 2030.. 83%

La Ark Postal Tel nd Cable 58 '53 .. 40% N ¥ C 5s 2013 “1003

#65. ...00uiesl 4s, °55....... 99% cs ansnssnt. 106% 64... .

Weights Above 160 Pounds Gain 15 Cents; Other Class Steady.

Weights above .160 pounds again. advanced 10 cents in the hog market at the Indianapolis Union Stockyards today. Pigs, light lights and sows were steady as were hogs below 160 pounds. Receipts totaled

2000. At the close 160 to 180 pounders sold for $10.05, 180 to 200-pound

| weights were $10.10, 200 to

‘were $10.15, and the 225 to 275-pound class brought $10.20. Weights of 275 to 300 pounds were. $10.15; 300 to 325 pounds, $10.05; 325 to 350 pounds, $9.95; 350 to 400 . | pounds, $9.85. In the lighter divisions 150 to 160-pounders were

a8 $9.50; 140 to 150, $9.25; 130 to 140

$9; 120 to 130 pounds, $8.75;

4110 to 120 pounds, $8.50, and 100 to

110 pounds, $8.25. Cattle Market Slow

With only 25 cattle and 25 calves received the cattle market was: noms :

% | inal.

Compared to the close of last week fed steers and. yearlings were steady to 25 cents higher and the supply of good and choice kinds were. scarce. Heifers were n inde steady, but the in-between ; were often 25 cents lower. Cows were steady and bulls were 25 cents lower. Vealers were 350° cents lower. Stockers and feeders were nominal. The week’s steer top was $11.50,

| although 11 loads were bought to

arrive at $11.75. Most heifers were $5 to $7.50. The closing top for vealers was $11.50. Sausage bulls closed at $5.25. Little was done in the sheep mars kei as receipts totaled only 25.

¥, | Lamhs ‘were 25. to 50 cents lower for

Ra id Traps 5s 08. ec 44

a .104 20 ves 10 2013 (old) .... 9 6s ‘44 11

'56 ......1 S951 neuen 10 escesccecsse I

evessasesece HM Ye 9

& T 4s "61 .... . S&T 3s ’51 ie "FOREIGN

Argentina. A 6s 57 ......cce. bi | Sr 4 oh ’86 ....... Py [193% Brazil 93s

e 6l%s sessasannns . 68 Tors City Blas Ml ein 7

184 - Yokohama 6s '61 ....... sense %

Unlisted Stocks

(By Blythe & Co.) Bid Ask

Trving. SEPT aa crea edee ein living 0] sess National City cos National shawn ut... First National F Boston

re00e0

Aetna Fire Insurance ...... Anterican Ins of Newark......

Franklin Ma Federa| . Great SaTuran Tostirance National Fire ... Hartford

vhesceanns ssgsesessaccss

wes80.c0ncsne

secs sen

hoe nix Westchester Fire Bosussesvetee U 8 Fire ........

esa evsseseverne

Daily Price Index

NEW Bra street's’ datty 3 weig ighted 5 erg OF 8 of % Basic Sommnoditics, L Brier § for the nited Press. (1930-1932 average 100):

ia 138.3 Yesterday .... 138. 2 Week eth Ae 5| 1036 lh Copyrig

Money and Exchange

gales & 6: week std week

.sees 120.81

“ICRIY vesvaine

“eres

| Heifers— Good

the week.

HOGS

Tov. $10.00

Recéi] 11.008

14.

Nov, 30. Dec. 1. 2. 3. 4, 5.

Bulk

To 39, 15 10. 10.20 2 Light. Lights— (140- ) Good and: -Shoice.. $ 245 35%

—

Good and choice. « 9 gsa1010

Medias a d choi aes Nah choice. . (220-380) Livod and enote - 10; 05@10,20

Bean ) ood d choi [email protected] and choice. . 10. (390-380) Good and choice.. B® 10

TE BOIS S stan

*%essssscencs

Slaughter Sesssvcsnse (100-140)

Gre -and choice...

ed 9993 3

A & Lous =

Owey 3 23d

Co (900-1100) . Goo

BREE 33

R383 D8389

C Sesser Choice +oacesssest Medium ....0000.. Choice .cosvecsesces

(1100-1300)

(1300-1500)

(500-75) ‘Che

(7150-900) Sap: and medium . mmon, medium.

2a “993538

. HE “» Won ho

Good . Common ‘and medium ox cutter and cutter.... Cutter.” com. and med. bulk.. Vealers —Receipts, 25— Good ang Cholee ...ccohsvness

sess

2003

v 250- K . (250-500) Sood and en choice. 3 ine i Feeder and Big Cattle (500-800) and choice. .§ 8.00 on, medium 4 fi (800-1050) Good and choice. . Common, medi tig

and choice - Common and medium.......

” SHEEP AND LAMBS rReveipts, 25

Lambs— ChOIC® ~svevivravecsncanesis.§ 8.00 3. Good 7.15

Common ing l

0-110) Good and chalice. 3 113 i Common, ba heep and lamb Be in on

sesdtevscssansnsssncins Sess sescsisssssnsnce

(By United Press) CHICAGO, Dec. 5.—Hogs—Recei jncluding 8000 difects; fresh supplies mi ly light-weights and pigs; no early si bi AS lower on al? Slasies a lee” 160-100 choice Voy Top. 2 310.05. = Receipts 500; calves, market, steady; for the week, medium wel steers 50c higher; sales $1 up; year and better rs, 25¢. ext

ight i ends dig

THE INDIANA TRUST Co.

CAPITAL SURPLUS |

1$2,000,00

300.

Member ofthe Federal Deposit Irance Corporation