Indianapolis Times, Volume 42, Number 203, Indianapolis, Marion County, 2 January 1931 — Page 14

PAGE 14

STOCK SHARES FORCED DOWN AFTER UPTURN Brief Rally Lost as Sales Hit List; Call Money Declines. Average Stock Prices Average of thirty Industrials for Wednesday was 184.58. up 1.49. Average of twenty rail* was 96.58. up .53. Average of twenty utilities was 60.80. up 3.57. Average of forty bonds was 95.20. up .48. By United Press NEW YORK, Jan. 2.—After beginning the new year with a brief demonstration of strength, the stock market today slipped backward into an irregular trend. Trading volume slackened. Credit conditions eased swiftly with call money dropping to 2 per cent after renewals had been auttnged at 3 per cent. Reason? for the decline were easily found. The market had been given a whirl on the upside before the new year holiday on artificial pretexts and was sold today on expectation of poor earnings reports to be published later in January. Further easing in commodity prices also worked against stocks. Considerable short selling came Into the market and there .was some selling to take tax losses against 1931 Income in anticipation of making good profits later in the year. United States Steel broke more than a point from its early high to 137 T 4, where it was off 1% from the previous close. Auburn Auto dropped nearly 5 points from its high to 103'a, off 2?i from the previous close. Around noon the leading issues were off fractions to more than a point from their last prices of 1930. Utilities were down fractionally. American Telephone lost more than a point to 177 1 i. Coppers maintained a firm tone. Goodyear led the rubbers lower. Rails held well. Allied Chemical was forced down 5 points to 170%, equaling the low of the past year. Other chemical shares followed it down on reports pf price cutting in chemical products. Bank Clearings INDIANAPOLIS STATEMENT —Jan. 2 Clearing* $5,425,000.00 Debits 9,705,000.00 TREASURY STATEMENT —Jan. 2 Net balance for Dec. 30 $312,759,386.10 Expenditures 7,164,376.32 Customs rects. month to date 29.951,534.82 NEW YORK STATEMENT —Dec. 31— Clearings - ; $1,396,000,000 Balance 143,000.000 Federal Res. Bilk. Cr. Bal 104.000,000 CHICAGO STATEMENT —Jan. 2 Clearings $123,200,100.00 Balances 8.700,000.00 New York Curb Market (By Thomson & McKinnon) —Jan. 2 11:30 li;30 Am Com Pwr. lllNewmont Min .. 47% Am Gas <fc El. 93 Nia Hud Pwr .. 9% Brazil P A L.. 21 jNoranda 14Vi Can Marc l%iPantepec ly. Cities Scrv 15'4 Penroari 6'S Cord s%|Sel Indus 2% Elec Bond Sh.. 41 Shenandoah ... 3% Ford of Eng. .. 15 ,Std of Jnd 36 Goldman Sachs 5% Std of Kv 30% Gulf Oil 63%:stut7. 19 Hudson Bav ... 4'*iUn Gas (new).. 7% Humble Oil .. 58 Un Lt A- Pwr... 23 Tnd Terr (A).. 14 |Un Verde 8 Midwest Ut 17% Ut Pwr 9% National Inv .. 4%! Vacuum Oil ... 53 New York Bank Stocks (By Thomson A; McKinnon) —Dec. 31Bid. Ask. America 53' i 56% -Bankers 108% 111% 1 Brooklyn Trust 465 466 Central Hanover 231 236 Chase National 85% 88% Chatham Phoenix Natl .... 70 73 Chemical 44 46 City National 85% 38' Corn Exchange 116 120 Commercial 245 260 Continental 17 20 Empire 47 50 First National 3,475 3,675 Guaranty 438 443 Irving 32% 34"i Manhattan & Company .... 76 79 Manufacturers 26% 28% New York Trust 146 151 Public 44 47 Investment Trust Shares BY R. H. Gibson A Cos. —Jan. 2 TRICES ARE TO I*s NOON C. S. T. Bid. Ask. Amer Founder’s Corp Com.. 3% 3% Am A- Gen See "A” 13% 15 Am Inv Trust Shares 5 5% Basic Industry Shares 6 6% Corporate Trust Shares 5% 6% Diversified Trustee Shares A 16% 16% First American Corp 7% a Fixed Trust Oil Shares 5% 5% Fixed Trust. Shares ’'A" .... 14% ... Inv Trust N Y 6%- 7% Leaders of Industry Series ‘A* 7% . : Nation-Wide Securities .... 6% 6% • National Industry Shares ... 6 6% N Am Trust Shares 5% 6% Gel Am Shares 5 5% Ghawmut Bank Inv Trust ... 6% 7% . Universal 6% 6% S W Strauss Inv Units 45 54 Buper Corp of Am Trust Sh A 6% 7% Fundamental Trust 6% 7% Fundamental Trust 7 7% U f> Elec. Light A Pwr "A' 1 28% 30% Net Changes By United Press NEW YORK. Dec. 31.—Closing • prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. American Can 110% ... % American Smelting 41 1 'American Telephone 178% % ... Auburn 106% 2% ... Bethlehem Steel 50% 1 Case 89% % ... Consolidated Gas 84 1% ... Erie 28 1% ... General Electric 43% % ... General Motors 35% % ... International Telephone.... 19% % ... Loew's Inc 46% % ... Montgomery Ward 16 % ... New York Central 114% ... % North American 63% ... % .Packard 8% % ... Pennsylvania 56% ... % Radio 12 Radio-Keith 16 % ... • Sinclair , 10 % ... Standard Oil N J 47% % ... United Aircraft 24 - % ... U 6 Steel 139% 1 Vanadium 52% ... % Westing)! Elec ex-dividend 91% Chicago Stocks Opening ■Bv James T. Hamill A Cos.) —Jan. 2 * Open Open. Assoc Tel Util 22% Insul Com .... 29% Bendix Avia ... 15% Insull Pfd .... 74 Borg Warner ... 21 Insull 6’s 1940 .. 81 Cent So West 17 MaJ. Household 5% Cord Corpn ... 6% Marshall Fields. 57 Cont i Chgo O e S’* Mlddlewest Com. 17% Cont i Chf C pf 35% U 8 Radio A Tel 14% Securities 14% Uti A led Com.. 5% Origsbv Orunow 2%'CUI A Ind pfd. 15 Elec Household. ?s%iZenlth Radio .. 2% New York Liberty Bonds —Dec. 31— L %s 101.19 Ist 4%.~ 102 30 kth 4%s 103 21 Treasury %s 112.4 Treasury 3%s of 43 102 7

New York Stocks ” 'B Thomson A McKinnon) *

—Jan. 3 • Railroads— Prey. High. Low. 11:30 close Atchison 179 178% 171% 173% Atl Coast Line 130% Balt A 0hi0.... 69% 68 a 68V* 69% Chesa A Ohio.. 40% 39% 4040% Chesa Corp •• 49 40 Chi Ort West.. 6% 6% 6% 6% Chi N West... 34 33% 33% 34% C R I A P • 48% Del L AA W 80 82% Del A Hudson 136% Erie 28 Erie Ist pfd 38 Great Northern 58% 58% 58% 58% Gulf Mob A Oil 19 Illinois Centra! 70% 70% 70% 70% Kan Citv So ... ... 34% Lou A Nash 88 Min 8 L % M K A T 13% Mo Pacific ... 31% Mo Pacific pfd.. 88 86% 37% 87 N Y Central. 114% 113% 113% 114% Nickel Plate ... 73% NYNHAH 75% 75% Nor Pacific *7% 47% Norfolk A West 187 O A W o% 5% Pere Mara ... ~.. 76% Pennsylvania ... 57% 55% 56% 56% Reading 80% 79 <5 80 So Pacific 93 13% Southern Ry .... 49 43 48 50% St Paul 5% 5% 5% 5% St Paul pfd 9% 9% Union Pacific 180 180 Wabash ~ } W Maryland .... 13% 13% 13% 13% Equipments— Am Car A Fdy 27 2. -.a Am Locomotive 21 21 Am Steel Fd ... . 25% 23% 3j% 2o Am Air Brake S .. ... 32 33 Gen Am Tank .. 58% 57% 5<% 59% General Elec ... 44% 43 43% 43% Gen Ry Signal <},, N Y Air Brake . 21% Pullman 50% 49% 49% 50% Westlngh Ar B 32% Westingh Elec. . 91% 89% 90 91% Rubbers— Firestone 17% 17% Fisk .. ... % Goodrich 15% 15% 15% 16 Goodyear 45% 43% 44% 45% Kelly Sprgfld 1% ... Lee Rubber • •• 3% U S Rubber ... 12 11% 12 11% Motors— Auburn 108 102% 103% 106% Chrysler 16% 16 16% 16% Graham Paige.. ... 3% 3% General Motors.. 36% 33 s * 3% 3a“/ Hudson , 23% 23% Hupp 8 7% 8 7% Mack 36 Marmon ... 8% Nash >. 28 27% 28 27% Packard 8% 8% 8% 8% Pierce-Arrow 19,, Reo 8% Studebaker ... ... 21 % Yellow Truck 9% 9% 9% 9%, Motor Access — ■ Am Bosch ~ ... ••• l* 74 Bendix Aviation 17% 17% 17% 17 Borg Warner ... 21% 20% 207* 21 Brige3 17% 17% 17% 17% Budd Wheel 9 Eaton ... ... *l3*® El Storage B 51 50 7 s 50% 50 Haves Body 3% Houda 4% Motor Wheel 14% 14% Sparks W 8% 9 Stewart Warner 17 16% Timken R 011.... 43% 43 43 43% Mining— Am Metals .•• . 77 Am Smelt 41 40% 40% 41 Am Zinc 4% 4% Anaconda Cop.. 30% 29% 30 30 Cal A Hecla 8 8 Cerro de Pasco 23% 23% Dome Mines ~ 8% 8% Freeport Texas. 29 28% 29 29% Granbv Corn 10% }6 . Great Nor Ore.. .. ... ... 19% Howe Sound „ 23% 23% Int Nickel 15% 14% 14% 15% Inspiration 7% 8% Kenneoct Cop... 23% 22% 22% 23% Miami Copper... .. ... 7% 7% Nev Cons .... 10% 10% 10% 19% Texas Gul Sul. 46% 46% 46% 46V* U S Smelt 19 Oils — Amerada ..... ... J'% Atl Refining 18% 18% 18% 18% Earnsdall 11% 11% 11% U% Beacon 9% ... Houston 8% 8% Indian Refining 3% 3% Mex Seaboard... 10% 10% 10% 10;* Mid Conti 14 13% 13% 13% Pan-Amer (B _ ... 31% Phillips 14 13% 13% 13% Pr Oil & Gas , ... , 14% Pure Oil 8% 8% 8% 8% Richfield 4% 5 Royal Dutch *8 eB% Shell Un 7% 7% Sinclair 10% 10% 10% 10 Skellv 10% 10% Standard of Cal , 45% 45*2 Standard of N J 47% 46% 47% 41% Standard of N Y 22% 22% 22% 22% Texas Cos ...... 31% 31% 31% 31% Union Oil 22 22'/g Steels— Am Roll Mills.. 30-% 30% 30% 30% Bethlehem .... 50% 49 % 50% 50 Vi Byers A M ... 38% 37% SB% 39*, Colo Fuel 22 21 Vi Cruc Steel 58 Vi 61 Inland 64 64% Ludlum Midland ... ... 21 21% Newton .ST. 14 Vi ... Repub lAS.. 12% 12% 12% 12% U S Steel 139% 138V* 138% 139% Vanadium 53% 51% 52 52% Youngst SAW 22 Vi Tobaccos— Am Sumatra 8% Am Tob Anew ... 105% Am Tob B New 106 104 105% 106% General Cigar 33 LiS & Myers B 84 % 83 • 84% 85% Lorillard 11% 11% 11% 11% Revnolds Tob.. 40% 40% 40% 40% Std Com Tob ... 3'/a Tob Pr A ... 10% Tob Pr B 2 United Cig 4 4% Utilities— Abitibl 9% Adams Exp 16% 16% 16% 16% Am For Pwr... 28% 27% 27% 32 Am Pwr A LI.. 47% 46% 46V* 50 A T & T 178% 176% 177 178% Col Gas & El.. 34 33% 33% 34% Com & Sou ... 8% 8 % El Pwr A Li... 40 38% 38 s * 39 Gen Gas A.... 4% 4% 4V* 4% Inti T A T ... 20% 18% 19% 19% Natl JPwr A Li. . 32% 32Vi 32% 32% No Amer Cos ... 63% 62V* 62% 63% ,Tas Gas A El.. 46’a 46 46% 47 Pub Ser N J... 74 73% 73% 74% So Cal Edison 46 46 Std G A El 59 % 58 58 59% United Corp... 16% 16% 16% 16% Ut Pwr A L A. 22% 22 22 22% West Union 1% Shipping— Am Inti Corn.. 19V* 18% 18 * 19% Am Shin A Coni % ... rntl Mer M nfd . ... ... 13 No Gm Lloyd... . ... 28% ... United Fruit.... 52% 51% 51 Vi 51V* Foods— Am Sllg 41% Armour A 3% 3% 3% 3 Cal Pkg 42Vi Can Dry 34% 3? 34% 35 Childs Cos 25% 25V 2 25% 25 Coca cola .....144% 142’% 143% 146 Coni Baking A 17% 18 Corn Prod 78 76% 76% 78 Crm Wheat ... ... 30 Cudahy Pkg • • 40% Gen Foods 40 48 48 49 Grand Union 11% 11% Hershey .. ... ... 88 Jewel Tea 40% 4040 38% Kroger 18% 18 18% 18 Produce Markets Eggs (Country Run— Loss off delivered In Indlanaoolis. 20c: benerv duality No. 1 25c: No. 28. 15c. Poultry (Buying Prices)—Hens, weighing 5 lbs. or over. 17c: under 5 lbs.. 15c: Leghorn hens. 11c: springers. 5 lbs., or over. 16c: or under 6 lbs.. 15c: ducks, springers. 11c: old cocks. 9®lle: ducks, full feather fat white. 11c: geese. 11c. These prices are for No. 1 too auailtv auoted bv Klngan A Cos. ___ Butter (wholesale) —No. 1. 31# 32c: No: 2. 30#>31c. Butterfat—27c. Cheese (wholesale selling orlce pet pound)—Amerlcau loaf. 31c: pimento loaf. 32cc: Wisconsin firsts. 27c: Longhorns. 34c: New York Limberser. 96c. By United Press NEW YORK. Jan. 2.—Flour—Dull and unchanged: spring patents, $4.40® 4.80. Pork—Quiet; mess. $28.50. Lard—Easy; middle west spot. $9.10#9.20. Tallow Quiet: special to extra. 4%®4%c. Potatoes—Firm: Long Island. $1.75®4 bbl.: Maine. $347.3.75 bbl.; Bermuda. s7# 10 bbl.: Idaho. 40c®$3 sack; Canada. [email protected] bbl. Sweet potatoes—Quiet: southern baskets $1.50®2; iersev baskets. 75c®52.50. Dressed poultry—Quiet; turkeys. 30# 44c; chickens. 20*5380: capons. 25®44c: fowls. 14#27c: ducks. 13®23c; ducks. Long Island. 21 ©22c. Live poultry—Quiet: geese. 136726 c; ducks. 146730 c: fowls. 21®27c;' turkevs. 38#43c; roosters. 14®15c: chickens. 206729 c: capons. 2367 40c; broilers. 35 :5 47c. Cheese—Firm: state whole milk, fancy to special. 19#22%c; young Americas. 17%©21c. By United Press CINCINNATI. Jan. 2.—Butter— Steady; creamery in tub lots, according to score. 276730 c; common score discounted 263 c: packing stock. No. 1. 25c: No. 2. 15c: No. 3. 10c: butterfat. 336725 c. Eggs—Steady; cases included: Extra firsts. 31c: firsts, 26cf seconds. 22c: nearby ungraded. 29c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs and over. 18c; 4 lbs. and over. 16c; 3 lbs. and over. 13c: Leghorns. 3 lbs. and over. 13c; roosters. 13c; capons. 8 lbs. and over. 30c; under 8 lbs.. 26c; slips. 21c; stags. 18c; colored fryers over 3 lbs.. 22c: over 2 lbs.. 32c: broilers, colored. 1% lbs. and over; Leghorns and Orpington fryers over 2 lbs.. lc: roasting chicks, 4 lbs. and over. 26c; black springers. 15c. By United Press CHICAGO. Jan. 2. Eggs Market, steady: receipts, 5.343 cases; extra firsts. 28c: firsts. 26c; ordinaries. 20@23c; seconds, 12®15c. Butter—Market, weak: receipts. 8.541 tubs: extras, 27c: extra firsts, 26®36%c: firsts, 25®25%c: seconds. 23%6*. 24c; standards. 27c. Poultry—Market, unsettled: receipts. 3 cars: fowls. 19c; springers. 20c: Legnorns. 14c: ducks, 21c; geese. 16c: turkeys. 224725 c: roosters. 14c. Cheese —Twins, 186716 1 *c: Young Americas, 16%c. Potatoes—On track. 176: arrivals. 106; Moments. 443: market, steady: Wisconsin sacked Round Whites. $1.55671.70: Minnesota Round Wlities. <1.454*1.50; Idaho sacked Russets. $1.80671.90; Colorado McClures, branded, $2fj.2.Q5. By United Press CLEVELAND. Jan. 2.—Butter—Extras. 27c: standards. 37c. Eggs—Extras. 38c: firsts, 25c. Poultry—Heavy fowls. 22c: medium. 176718 c: Leghorn fowls, 16fc*17c; broilers. 18c; Leghorn broilers. 154716 c: ducks. 18#20c; old cocks. 13c; geese. 15s> )6c: turkeys. 35 j: 38c. Potatoes—Maibe Green Mountain. $2,506*2.65 per 120-lb. sack; Idaho Russel. $2 25:5 2 40 per 100-lb sack. ,

Nat Biscuit 77% 7% 76% 77% PitUbury ... 26% ... Safeway St 40% 40% £*d Brands 16% 16% 1% 18% Ward Bkg 3% Drugs— Cotv Inc 9% Lambert Cos ... 76V* Lchn A Fink 24 Industrials— Am Radiator ... 16 15% 15% 16% Bush Tern; ... .... 24 Certainteea 2 Gen Asphalt 24 Lehigh Port 13% 13% 13 s * 13% Otis Elev 55% 54% 54% 55 Indus Cbems— Allied Chem ....17*5% 170% 170% 175% Com Soiv 15% 15% 18% 15% Union Carb 57% 56% 56% 67% U 8 Ind AJco .. 63 61% 61% 64% Retail Store*— Assoc Dry Gds ... 21% Gimbel Bros 4% 4% Kresge 8 8.. 26% 26V* May D Store 29% 31 Mont Ward 16% 15% 15% 16 Penny J C 28% 28 Schuite Ret St 4% 4% Sears Roe 46 45 45 45% Woolworth ..... 55 54% 55 56% Amusements— Bruns Balke 10 Col Graph 8% 8% Crosley Radio 4% ’ 4% Eastman Kod ...147 144% 145 147 Fox Film A .... 26Vi 25Vs 26 27% Grigsby Gru ... 32% 32% Loews Inc 46% 45% 43% 46% Param Fam 38% 36% 36% 37% Radio Corp 12% 12% 12% 12% R-K-O 15% 15 15V* 16 Schubert 4%. Warner Bros ... 13% 13 13% 13% Miscellaneous— City Ice A Fu 36 Congoleum 6% Am Can 108 Vi 108 108V' 110% Cont Can 48% 48 Curtiss Wr 2 s * 2% 2 s * 2% Omette S R .... 22 21% 21 1 /* 22% Real Silk 27 Un Oircraft 24 22% 22% 23 The City in Brief Tuskic Warner and Guy Abernathy, Negroes, 623 East Wabash street, were held today on a charge of vehicle taking. They are alleged to have stolen an auto belonging to Jerry M. Wolse, 940 Ft. Wayne avenue. Election of B. H. Holmes, cost manager of the Marmon Motor Car Company, as a director of the National Association of Cost Accountants has been announced. Fortyfive chapters of the organization are located in larger cities of the United States. The Taggart bread bakery division of the Continental Baking Company, 229 East Market street, announced Thursday that Earl L. Campbell, 5026 Guilford avenue, has been appointed manager. Memorial Post 3, American Legion. closing the year with a membership of 257, won the Seventh district membership contest, which closed Dec. 31, John W. Hano, post commander, announced today. Quota was 251, so Memorial Post received a national citation for equaling last year’s membership. Appointment of W T illiani H. Polk as assistant secretary-treasurer of the Bankers’ Trust Company was announced today by officials of the company. Polk was associated with the Continental National bank for nineteen years. More than 300 Philco radio dealers from the city and state are expected to meet Saturday at the Lincoln hotel to discuss plans of activity for the coming year. A program by the Wooster college glee club, composed of thirty students. will be given at the Irvington Presbyterian church Monday night at 8:15. The program will be given under the auspices of the young married people’s class of the church. Dr. John A. MacDonald, retiring president of the Indianapolis Medical Society, will speak on “Trends in Modern Medicine,’’ Jan. 6, at the annual dinner meeting of the society at the Marott. America is sitting as a judge on the American Negro, watching the sim erity with which he regards his obligations of citizenship, Rabbi Milton Steinberg of the BethelZedek Hebrew congregation, declared Thursday at the emancipation proclamation program at Crispus Attucks high school. Robert Lee Brokenburr, Negro attorney, urged the audience to consider its citizenship as a sacred trust. Opening of an additional branch house in Klamath Falls, Ore., was announced today by E. C. Atkins & Cos., Indianapolis, today. Births Boys Roy and Maude Suttles. 703 East Thirteenth. Urban and Esther Braun, 928 East Minnesota. Ambrose and Charlotte Hornberger. 1129 Kelly. Lloyd and Ruth Duffield, Coleman hospita!. Robert and Pearl Little, Coleman hospita!. Riley and Helen Richards. Coleman hospital. Janies and Lorraine Cook. Coleman hospital. Edward and Margaret Moore. Coleman hosmtal. Albert and Maude Becraft. Coleman hospital. Clarence and Jessie Peters, Coleman hospital. Norman and Francis Thompson, Coleman hospital. Arthur and Elsie York, Coleman hospital. Lisle and Virginia Besore, Coleman hospital. Harold and Gladys Horner. Coleman hospital. Jack and Sylvia Adams, 712 South Illinois. Granville and Flossie Smith, 3106 West North. Nile and Nettie Marx, 1304 Nordyke. —and Mary Schwartz. • 1406 Holliday. Elmer and Minnie Davis, 955 West Twenty-eighth. Fawn and Marjorie Shamber, city hospital. Lawrence and Veronica Bulock, city hos--1 pital. Vaughn and Nora Peaveler. city hospital. , Charles and Katherine McClary, city hospital. * Richard and Helen Dickerson city hospital. Herman and Gynitb Kimberlin, city hospital. Newton and Myrtle Pullins, city hospital. Theopolis and Margaret Webster, city hospital. Roy and Ruth Zook. Coleman hospital. . Jay and Margaret Bryant, Coleman hospital. Forest and Carolyn Bailey, Coleman hospital. Girls Claude and Beatrice Wheatley. 445 Aroor. Joseph and Nina Johnson. 1247 West Thirty-fifth. Arthur and Mary Teepe. 808 South State. Harry and Elsa Rust. Coleman hospital. . Cleo and Helen Steinfort. Coleman hospital. Earl and Lora Butner. Coleman hospital George -and Alberta Calvert, Coleman hospital. William and Nellie Murphy. Coleman hospital. Henry and Geneva Zanger. Coleman hospital. Harold and Frances Ludlow. Coleman hosDltal. James and Bessie Reed. hosJ Wiibur and Arebelle Atwell, Col^ian hospital. Ernest and Alta Swift. Coleman hospital. Ingram and Dorothy Applegate. Coleman hospital. Lloyd and Faye Roller. Coleman hospital. Lyle and Ruth Morton. Coleman hospital. Urban and Etta Ogden. Coleman hospital. Fred and Lucille Harris. 1443 Kappes. Joseph and Sadie Horne. 713 North Elder. Eugene and Hattie Starks. 2741 North Oxford. Walter and Lula Bigger. 1624 East Thirtieth. Roger and Mary O'Bannon. city hosptial. James and Hilda Franklin, city hospital. Harry and Mary YowelL city hospital. James and Ollie Garner. 803 Drake. Ralph and Emma Brinkerhoff. Coleman bo'ottal. Samuel and Edna Shields. Coleman hospital. George and Marguerite Thompson. 1539 Glmber.

. THE INDIANAPOLIS TIMES

SWINE TRADES DISPLAY FIRM TONEAT PENS Material Scarce in Cattle Market; Vealers Hold Unchanged. HOGS Dec. Bulk. Ear;; Top. Receipts. 24. $8.25® 8.45 $8.50 3 000 28. 8.30® 8.50 8.50 7.000 27. 8.05 ® 8.45 850 2.500 29. 8.05& 8.45 " 8.45 6.000 30. 7.80® 8.35 8.35 7.000 31. 7.60® 8.30 8.30 5.000 Jan. 2. 8.35® 8.40 8.40 6,000 Hog prices held steady to 10 cents higher today at the Union Stockyards, most kinds unchanged. The bulk, 130 to 200 pounds, sold for $8.35 to $8.40, the latter figure representing the early top. Receipts were estimated at 6,000; holdovers were 169. In the cattle market offerings were scarce with most medium and common grades about Receipts were 900. Vealers were steady at sl3 down. Calves—Receipts numbered 600. Lambs were mostly 25 cents higher on beet kinds. Good and choice ranged from $7.75 to $8.50. Receipts were 600. Chicago hog receipts w r ere 22,000 including 6,000 direct. Holdovers numbered 2.000. The opening was steady to 10 cents higher than Thursday’s average. A few 160 to 180 pounders sold at $8.25 and a few 200 pounders went at $8.15; 220 to 230 pound weights, $7.35. Cattle receipts were 2,000 and calves 1,000. The market was steady. Sheep receipts, 13,000, and market strong.

HOGS Receipts. 5,000; market, lower. 100-130 ; ...$8.25 130-180 8.40 180-200 8.35 200-210 8.25 210-225 8.10 225-240 1 8.00 240-260 7.85 260-280 7.75 280-300 7.60 300-325 ..; 7.40 CATTLE (Slaughter Class) Receipts, 900; market, steady. Good and choice $11.00®13.50 Common and medium 6.75# 11.00 (1.100-1.500) Good and choice 10.50® 13.00 Medium 7.Q0#10.50 —Heifers—-(soo-850) Good and choice 8.50®;11.50 Common and medium 5.00® 8.50 Good and choice 5.50® 7.00 Common and medium f. 4.00@ 5.50 Low cutters and cutters 2.75® 4.00 —Bulls (yearlings excluded) Good and choice beef 4.50# 6.25 Common and medium 3.00@ 4.50 CALVES AND VEALERS Receipts. 600; market, steady. Good and choice $12.50# 13.00 Medium B.oo® 12.50 Cull and common 5.50# 8.00 —Calves—- / (250-300) Good and choice 6.00® 9.50 Common and medium ...... 3.50® 6.00 STOCKERS AND FEEDER STEERS Good and choice .....s'6.so# 8.50 Common and medium 4.50® 6.50 (800-1.500) Good and choice 6.50# 8.50 Common and medium 4.75@ 6.50 SHEEP AND LAMBS Receipts, 600; market, higher. Good and choice $7.75® 8,50 Common and medium 5.00® 7.50 Ewes— Medium and choice 2.50® 3.75 Cull and common I.oo® 2.50 Other Livestock By United Press CHICAGO. Jan. 2.—Hogs—Receipts, 22,000, including 6,000 direct: active, mostly 10#15c higher; heavies up less: packing sows steady; top. $8.35; bulk 130-200 lbs., [email protected]; 210-310 lbs.. $7.50@8; pigs, $7.50@8; pigs, $7.85®8.25; packing sows, $6.40®6.75; light lights, 140-160 lbs., good ancl choice $8.15®8.35; light weight, 160-200 lbs. good and choice, $8.05®8.35; medium weights. 200-250 lbs., good and choice. $7.65#8.20; heavy weights, 250-350 lbs. good and choice. [email protected]; packing sows, 275-500 lbs., medium and good, $6.25 #£,Bs; slaughter pigs. 100-130 lbs., good and choice, $7.75®8.25. Cattle —Receipts. 2,000; calves. 1.000: quality plain; all grades fed steers, yearlings afid she stock about steady; bulls unchanged and vealers strong bulk fed steers and yearlings eligible to $8#10.50: best, $11.25: slaughter cattle and vealers; steers. 600-900 lbs., good and choice. $9.75®14.50: 900-1.100 lbs. good and choice. $9.70®14.50; 1.100-1.300 lbs., good and choice. $9.50®14.25: 1.300-1.500 lbs., good and choice. [email protected]; 600-1,300 lbs., common and medium. [email protected]: heifers. 550-850 lbs., good and choice, $8 @l2; common and medium. ss@B; cows, good and choice. [email protected]; common and medium. [email protected]: low cutter and cutter. s3®4; yearlings excluded, good and choice beef. $5®6.25; cutter to medium. $4 #5.65; vealers milk fed, good and choice. $10.25®12.75: medium, $8.75®10.25; cull and common. [email protected]: Stocker and feeder cr,ttle; steers. 500-1.050 lbs., good and choice. $6.75®9; common and medium, $5.25®6.76. Sheep—Receipts. 13,000; strong to 25c higher: advance mostly on shipper lambs; bulk to packers. [email protected]; several choice loads to shippers. $8.75; fat ewes. $3 @3.50; feeders unsold: lambs 90 lbs. down, good and choice. [email protected]: medium. s6# 7.75; all weights common. ss@6; ewes. 90150 lbs,, medium to choice. *[email protected]; all weights cull and common. [email protected]; feeding lambs, 50-75 lbs., good and choice. $6.75 ®7.50. By United Press EAST ST. LOUIS. 111.. Jan. 2.—Hogs— Receipts.. 10,000; market, uneven, steady to 15c higher than Thursday’s average; top. $8.45: bulk. 120-200 lbs.. $8.25®8.40: 210-225 lbs.. [email protected]: 230-275 lbs.. $7.60® 7.90; 100-120 lbs.. [email protected]: sows, $6.25® 6.50. Cattle—Receipts. 900: calves. 500: market, steers slow: a few early veals steady at [email protected]: vealers 25c higher at $13.75: other classes slow in a cleanup trade; cows and bulk generally steady. Sheep—Receipts, 500: market steady; bulk lambs. [email protected]: common throwouts. ss# 5.50: fat ewes. $3.50 down. By Times Special LOUISVILLE. Ky.. Jan. 2.—Hogs—Receipts, 600: market 10c higher: 325 lbs. up, $7.85; 175-325 lbs.. $8.45: 130-175 lbs.. $8.20: 130 lbs. down. $7 40: roughs, $6.80; stags. $5.80. Ca.ttle—Receipts. 100: market steady: prime heavy steers. $8.50® 10.50; heavy shipping steers. $7.50®8.50: medium and plain steers. $6®7.50; fat heifers. $4.50®10.50: good to choice cows. $4®5:50; medium to good cows. $3.50@4; cutters. $3#3.50: caners. *[email protected]: bulls, $3.50®5: feeders. $6.50®7.50: stockers. $4 @7. Calves—Receipts. 200: market steady: good to choice. $9.50®10.50; mediums. $7 @8.50; common to medium. $4.50®6.E0. Sheep—Receipts 50: market steady; ewe and wether lambs. $8: buck lambs. $7: seconds. $5 down; clipped sheep, s2@3. Thursday’s shipments: Cattle, none; calves, none: hogs, 119; sheep, none. By United Press PITTSBURGH. Tan. 2.—Hogs—Receipts, 2.300; holdovers. 300: mostly 10c higher; sows steady: 120-220 lbs.. $8.75®8.85:. 220250 lbs.. [email protected]: 250-300 lbs.. sßlls® 8.4; packing sows. $6.50@7. Cattle Receipts. 50: advance steady: common steers. $6.75®7.50; cutter to medium cows. $3.50 @4.75: lower grade bulls. s4@s. Calves— Receipts. 156 t market strong to 50c higher: better grade vealers. $11.50# 13.50; common and medium. $6®10.50. Sheep—Receipts. 750: market slow: fat lambs about steady; better grade. $8#8.75. By United Press CINCINNATI. Jan. 2.—Hogs—Receipts. a.700. including 2.300 direct: holdover none: hogs scaling 150-200 lbs., fairly active, mostly 15c higher at $8.75 to shippers and small killers: lighter weights 25® 50c higher: 120-150 lbs.. $8.50# 8.75; hogs above 200 lbs. steady to unevenly lower; some 210-230 lbs.. $8.25® 8.60; 250-280 lbs.. $7.75@8: heavier weights downward to $7.50 or below: sows steady to strong: mostly $6.75: heavyweights. $6.50; lightweights up to $7. Cattle—Receipts. 650: calves, 350: generally steady: some bids lower on lower grade beef cows: lower grades steers and heifers. $6®7.75; more desirable kinds. SB(S 9: mostly beef cows. $4.75 56; bulk low cutters and cutter cows. $3.25®4.25: bulls $6 down; good and choice vealers. $11.50® 12.50: lower grades, sll down. Sheep—Receipts. 250; mostly steady; better grade handy weight lambs. $8.50® 9; heavies down to $8.50 or below; common and medium, $6.50#7.50; fat ewes, s2®3. By United Press FT. WAYNE. Ind.. Jan. 2.—Hogs— Market. 10c higher: 100-140 lbs.. $8.10: 140160 lbs.. $8.25: 160-180 lbs.. $8.10: 180-200 lbs.. S8 : 200-225 lbs.. $7.90: 225-250 lbs., *7.75: 250-275 lbs.. $7.60 : 275-300 lbs., *7 50; 300-350 lbs.. $7.35: roughs. $6.25; stags, $4.50; calves. $12.50: lambs. $7.50. EAST BUFFALO. N. Y.. Jan. 2.—Hogs— Receipts. 4.200: holdovers. 400; generally steady to strong, dependable trade on weights below 210 lbs., others, slow, bulk desirable. -180210 lbs.. $8.75: 120-160 lbs., $8.85(59: 220-240 lbs.. 58.35® 8.60 : 260-300 lbs.. *8.1047 8.25: packing sows. *[email protected]. Cattle—Receipts. 300: mostly cows, steady; cutter grades. $2.25#4: beef cows. *[email protected]; medium steers. *8.75: common. *7.75. Calves —Receipts. 750: vealers, unchanged, $13.50 down. Sheep—Receipts. 2.900: lambs generally steadv. demand only fair: good to choice largely $8 75: medium kinds and strong weights, $7 75; throwouts, $6.75.

BELIEVE IT or NOT

j Ji/mho / £eo Kushmer. A SIAMESE Tree OaKJ | _ ~ Could play we p/ano oMTttt Hedist Rt\hcl}-Sdi\.Sttneon, Cxf. A LITTLE MOLE- carried a at the age of 27 (WHS ; ‘ I HEAVYMAM 90 MILES irt 11 HOURS _ tfetuY&rk — Desert.

Dow-Jones Summary

Bank of England made no changes in discount rate which remains at 3 per cent. London. New York Cables opened at 4.85%; Paris checks. 123.66; Amsterdam, 12.06; Italy, 92.735; Berlin, 20.39. Nfw Jersey Zinc Company declared regular quarterly dividend of 50 cents payable Feb. 10. record Jan. 20. International Shoe year ended Nov. 30, net $3 26 a common share, against $4.37 a share In preceding year. Consolidated Gas of Baltimore 12 months ended Nov. 30, net equal to $5.48 a share on 1.125,096 common shares, against $6.36 a share on 1,013,892 shares in preceding 12 months. Eureka Pipe Line Company declared regular quarterly dividend of $1 payable Feb. 2, record Jan. 15. Bank of France statement as of Dec. 26 shows gold 53.577,000.000 francs against 53,283.000.000 francs on Dec. 19; circulation 76.436.000.000 against 75.369.000.000 and ratio 53.17 against 53.78 per cent. Armstrong Cork reduced inventories by $3,000,000 during 1930 and enters 1931 in strongest liquid position in company’s history. according to John J. Evans, president. Effective toda/ retail price of milk in Chicago will be reduced 1 cent a quart, bringing price to 13 cents. Reduction applies only to quarts. Similar reduction also effective today in Milwaukee where auarts have been lowered to 10 cents from 11 cents. , Pacific Public Service Company declared regular quarterly dividend of 32% cents on class A stock, payable Feb. 2, record Jan. 10. Niagara Hudson Power Corporation to spend $30,000,000 in 1931 on construction program for improving service facilities in New York state. Total net assets of Fourth National Investors Corporation Dec. 31 last based on valuation of investments amounted to $lB,678,499 equal to $37.36 a common share against $23,401,949 or $46.80 a common share on Dec. 31. 1929. Total net assets of Second National Investors Corporation based on market value of investments on Dec. 31. 1930, were $7,948,730 equal to $79.40 a share on 5 per cent convertible preferred against $10,279,910. or $102.80 a share on Dec. 31, 1929. Total net assets of Third National Investors Corporation as of Dec. 31. 1930, based on market value of investments were $7,013,429 equal to $31.88 a common share against $9,079,407 or $41.27 a common share at end of 1929. Madison Square Garden Corporation and wholly owned subsidiaries quarter ended Nov. 30. net profit equal to 3 cents a share against 15 cents a share in November. 1929. quarter. . Lycoming Manufacturing Company. Auburn Automobile subsidiary, December shipments increased 13% per cent over November and January production is set at three times that of December according to W. H. Beal, vice-president. Puget Sound Power and Light, including subsidiaries, twelve months ended Nov. 30, profit after taxes and charges, but before depreciation, 54,574,913 against $4,134,546 in preceding twelve months. Sterling cables opened at 4.85 21-32. up STATE BANKS VOTE TO INCREASE SURPLUS Directors of Fletcher System Units Announce Flan. Directors of six affiliated state banks, operating as parts of the Fletcher Savings and Trust system in Indianapolis, have voted to increase the respective surpluses of their institutions, as of De<x 31, 1930, by adding portions of the uhdivided profits of each of the banks formally to the capital structure, it was announced today. Member banks affected by the ruling include the Sixteenth Street State bank, Roosevelt Avenue State bank, East Washington State bank, Broad Ripple State bank, South Side State bank, and the Irvington State bank.

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1-16; Francs, 3.92 21-32, off 3-32; marks, 23.82, unchanged; Spain, 10.49, off 3. Bank of England statement as of Jan. 2, shows circulation of 368.801.000 pounds, against 379,676.000 pounds on Dec. 27. bullion 148.271,000 pounds against 148,821,000 pounds, and reserve ratio of 22% per cent against 29 per cent. Federal farm board warns cotton farmers that unless a drastic cut In acreage is made the 1931 cotton crop will bring relatively low prices. Deaths Edmond Trevan White. 29. 2444 Shrivev, broncho pneumonia, Anna E. Spraul. 81. 4811 College, uremia. Josephine McCann. 57. St. Vincent’s hosDltal. accidental. Laverna Hutchins. 55. city hospital, diabetes mellitus. Sarah Jane Weir. 74, 4143 Bowman, chronic myocarditis. Elnora Hawkins. 53, Methodist hospital, cerebral hemorrhage. Lauira White. 76. 1314 North Tuxedo, chronic myocarditis. Anna M. Sample. 75, 520 North Bradley, hypostatic pneumonia. Archie C. Evans, 14 days, 2232 Beech, erysipelas. John L. Taylor, 9. Methodist hospital, lobar pneumonia. Minnie Brannon. 69. 6127 Park, apoplexy. Margaret Freije. 52. St. Vincent’s hospital. acute myocarditis. Albert W. Updegraff. 71. 11 North Arsenal, apoplexy. John E. Jones. 41. 1214 West Nineteenth, chronic endocarditis. Charles H. Hahn. 31. 2137 North Gale, septicaemia. Emma Dudley. 41. 3466 Carrollton, carcinoma. Albert Kretsch, 61. 2605 Central, chronic myocarditis. Ora A. Conyers. 63, 1434 Spann, broncho pneumonia. David William Nay. 7. 703 Sanders, scarlet fever. Beulah Abbott, 75. city hospital, acute cardiac dilatation. Thaddeus K. Williams. 78. 406 East Washington, chronic mvocarditis. Henry C. Thornton, 79. 1609 North Delaware. broncho pneumonia. Solomon M. Shonfield. 65. 1245 North Mount, diabetes mellitus. Infant Butner. 6 days. Coleman hospital, inanition. Maude Ford. 47. 1438 St. Paul, diabetes mellitus. Jane Hickman. 67. St. Vincent’s hospital. carcinoma. Addie May Monroe. 63. 1346 Reisner. chronic mvocarditis. Luia Hogan. 59. 2042 Cornell, aortic insufficiency. In the Air Weather conditions in the air at 9 a. m.: Southwest wind, 11 miles an hour, barometric pressure, 30.21 at sea level; temperature, 26; ceiling unlimited; visibility, 5 miles; field good, one-half inch snow. GUARANTEED WATCH REPAIRING AT Rock Bottom Prices Round Crystals 19<i Fancy Shape Crystals.. Unbreakable Crystals...-49C Any Mainspring 99c Watch Cleaning 51.09 Jewel Replacing .....81.19 “A Child Can Boy as Safely as a Grownup” at '■in,,, D.al Jewelry -h Rite Gladly Opens Charge Accounts on Diamonds. Watches and Jewelry.

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Following is the explanation of Ripley’s “Believe It or Not” which appeared in Thursday’s Times: Happy New Year —Our calendar year, also known as the civil or solar year, is 365 days, 5 hours, 48 minutes, 49.7 seconds long. To take care of the yearly excess over 365 days, a day is added every four years, making one year out of every four a leap year. 1928 was a leap year, so that our calendar on the close of the day of Dec. 31, 1930, was 17 hours, 26 minutes, and 29 seconds in arrears, retarding by that length of time the true New Year, 1931. Arthur Gottesman Entered Oglethorpe at the Age of 10—In 1923 Arthur Gottesman of Atlanta, Ga., was admitted to Oglethorpe university (Georgia) when he was but 10 years of age. In an intelligence test, Arthur rated 184, which showed him to have the intelligence of a boy of 19. This child prodigy was given considerable newspaper publicity at the time, as “robbing the cradle for the freshman class.” Saturday: “A Real He-Man.” GIVES BOOK ROYALTIES Contribution Is Sent Flanncr House by Miss Hildegarde Flanner. First royalties from her latest book of poems, “Time's Profile,” have been sent as a contribution to the Flanner house by Hildegarde Flanner, daughter of the late Frank W. Flanner, founder of the institution, it was anounced today. Miss Flanner now is making her home with her mother in Altadena, Cal. R.H. Gibson & Cos. Members NEW YORK, Chicago and Cincinnati Stock Exchanges N. F. Curb Exchange (Assoc.) Chicago Board oj Trade 320 Circle Tower Indianapolis Tel. Lincoln 2341 307 Dixie Terminal Bldg. Cincinnati 220 Odd Fellows Bldg. South Bend 400 First & Tri-State Bldg. Fort Wayne 71 Broadway New York

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JAN. 2,

GRAIN FUTURE, SHOW STROM TRADING RANG! J Firm Cables and Absence 0i Pressure Aid Prices Throughout. By United Press CHICAGO. Jan. 2.—Wheat wa. firm as the Board of Trade opened today *lth pressure absent and foreign markets strong. Liverpool was irregular, but resisted decimef while Winnipeg and the Sout' American markets were firm. , Trade was light early and of post-holiday slowness with mode ate buying and little selling. Cot was irregularly steady. Oats wi steady and higher with wheat. ■ At the opening wheat was 8 changed to % cent higher, corr ■ % cent lower to H cent highei ■ oats were % to % cent higher, q visions were steady. Liverpool was stronger than expected and was % to cent* higher at mid-afternoon. Buenos Aires was Vi cent up about midsession. Many leading traders continue to express the belief that the decline in wiieat and other grain* is practically over and that a m<sd erate upward reaction should be witnessed. Other traders expect a turn soon but not until after the effect of the movement of the new crop in the southern hemisphere has been felt. The drought in the winter wheat' belt, which has had no moisture and lacks adequate snow covering, is drawing attention. The recent declines in com have attracted buying owing to the basic strength in the cash situation. The market trend is set by the volume of movement and the action in wheat. Oats lack a distinctive feature, except the strength in the cash market, and continue to rule dull. Chicago Grain Table —Jam. 2 WHEAT (old) Prey, High. Low. 11:00. close. Mar 79% .79% .79% .79% May .81% .81 .81 Vs .81 July 63 .62% .62% .62% CORN—(old). Mar 66% .66% .66% .66% May .68% .67% .67% .68% July 69% .68% .68% .69% OATS—(OId). I Mar 31% .31% .31% .31% May 32'* .32 .32 .31% RYE—(old). Mar 40% 40% 40=„ May *l% .40% .41 .42% July 41 .40% .40% .41’, LARD— May 8.95 .... By Times Special CHICAGO. Jan. 2.— Ce riots: Wheat. 10< corn. 57: oats. 11; rye. 1. and barley. 7. Local Wagon Wheat . City grail* elevators are Baying 69c for No .1 red wiieat and 66c for No. 1 hard wheat. RAW SUGAR PRICES —Dec. 31— High. Low. Close. January 1.18 1.18 March .' 1.27 1.16 1.22 May 1.34 1.28 1.34 July 1.42 1.36 1.87 September 1.50 1.45 1.45 December ... 1.57 1.51 1.53 . r NEW YORK COFFEE RANGE —Dec. 31High. Low. Close. March 6.05 5.95 8.05 May 5.83 5.89 5 85 July 5.68 5.67 5.68 December <... 5.50 .... 5.50 Drinks Poison by Mistake By United Press BAY CITY, Mich., Jan. 2.—Drinking from a jug he believed contained liquor, August Rochon. 40, a green-.’ house employe, took a fatal dose of a fluid later found to be insecticide. \ cot *>^V \ VUI&S 00 % c6Bß|bb Igllgpl B. Dmh*