Indianapolis Times, Volume 42, Number 205, Indianapolis, Marion County, 5 January 1931 — Page 10

PAGE 10

STOCK SHARES -ARE UNEVEN IN : NARROW RANGE Chemicals Under Pressure as Prices Sink 4 Points.

Average Stock Prices

°/,o ,1 jL rty Industrial* for Satur-A'tr-JI jf.A. enty utilities was 03.01 up i2O Average of forty bonds wm 95.89. up .45 United Press NEW YORK, Jan. s.—Prices inoved irregularly in a narrow range >aay and trading was quiet on ihe Stock Exchange. Traders were reticent about placing commitments in view of the nse of nearly twelve points in the Dow-Jones average last week, a factor that presaged a technical reaction. United States Steel opened at 143', 4, off %, and then declined to 142%. Other industrial leaders opened slightly down and gave ground further. Mercantile shares held well with Woolworth up % at 53 Vi. Motor shares were steady as were oils. Utilities, amusements, foods and steels were irregular. Early trading continued quiet. No progress was made cn either side of the market in the first half hour. A few issups continued downward, Allied Chemical being the weak featured. The latter again was under pressure as a result of price reductions in prospect in the chemical industry, it broke 4 1 -, to 314. Motor shares which last week were a feature as a result of demonstrations in advance of the New York automobile show, were meeting profit-taking selling that reduced prices in the majority. Auburn was an exception, rising fractionally to 110 1 i. General Motors was down 4, at 137%, and Yellow Truck U, at 10%. New York Central was firm in the rails, American Waterworks lost 1%, to 58%, in the utilities.

Bank Clearings

INDIANAPOLIS STATEMENT ... —Jan. 5 r, u.E inKS $3,563,000.09 Debits 9.602,003.00 TREASURY STATEMENT Jan. 5 Net balance for Jan. 2 $299,278.575 51 Expenditures 147.594.733.18 Customs rcccts month to date 1.029,885.95 CHICAGO STATEMENT —Jan. 3 Clearings $112,900,000 Balances 9,100.000

Net Changes

Hy United Press NEW YORK, -jjin. 3.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: t Up. Off. American Can 114% % ... American Smelting 44 1% ... Americffli Telephone 1R4% 3% .. Bethlehem Steel 53 % % Oasc 93 ... % Consolidated Gas 86% % ... Erie 32% 3'* ... General Electric 46% % ... Geenral Motors 37% % ... International Telephone .. 22% 1% ... Loew’s Inc 49 % /Montgomery Ward 18% 1 '/* ... New York Central ...' 118%- 1 North American 67 Pennsylvania 59% 1% ... Radio 13% % ... Sinclair .' )l% % ... Standard Oil New Jersey.. 60 1 * l 3 # ... Standard Oil New York.... 25% 1% ... Transamerica 14% •'% ... Union Carbide ....'. 59% %* ... United States Steel .143% 1% ... Vanadium 54% % ... Westlnghouse Electric 94% % ..

Investment Trust Shares

(Bv R. H. Gibson A: Cos.) PRICE:* ARE TO 12 NOON C. S. T. Bid. Ask. Amer Founder’s Corp Com... 4% 5 Am fc Gen Sec ‘ A” 13% 15 Am Inv Trust ShaTes 5% 5% Basic ’lndustry Shares 6% 6% Corporate Trust Shaves 6% 6% Diversified Trustee Shares “A” 15% 17%. First American Corp 7% 8% fixed Trust Oil Shares 5% 6% Fixed Trust Shares “A’’ 14 Tnv Trust N Y 5% 5 Fixed Trust Shares “A” 14 Inv Trust NY' 7 8 leaders of Ind. Series ‘A’... 8 Nation-Wide Securities 6% 7% National Industry Shares ... 6% 6% N Am Trust Shares 6% 6% Sel Am Shares 5% 5% Shawmut Bank Inv Trust 6 9 Universal Trust 5% 6% S W Strauss Inv Units 45 54 Super Corp of Am Trust Sh A 7 7% Fundamental Trust Sh "A".. 6% 7% Fundamental Trust Sh ''B". 7% 7% U S Elec Light & Pwr "A”. 29 31

Indianapolis Stocks

—Jan. 8 Bid Ask American Central Li Inc C 0.1,000 Belt R R & S Yds Cos com... 47 51 Belt R R Yds Cos pfd 51 Bobbs-MerrtU Cos 25 Central Indiana Pw Cos pfd 7s 78 84 Circle Theater Cos com 75... 98 Citizens Gas Cos com 10s 22 24 Citizens Gas Cos pfd 5s 97% 103 Commonwealth In Cos pfd 7s 97 101 Commonwealth In Cos pfd...100 Hook Drug Cos com 15 % ... Indiana Hotel Cos Clapl com. 125 Indiana Hotel Cos pfd 6s 100 Indpls Gas Cos com 6s 54 Tndpls Pwr Lt Cos pfd 6%5.100 103 Tndpis Pu Welf L Assn com 8s 51 Indpls Water Cos pfd 5s 101 Interst Pu Ser Cos pr 11 pfd 6s .. 88 •Interest Pu Ser Cos pr 11 pfd 7s 94 101 Metro Loan Cos 8s ........100 ... N Ind Pub Serv Cos nfd 5%s . . 94 •North Ind Pub Serv Cos pfd 6s 9S 100 Northern Ind Pu Sv Cos pfd 7s. 104 110 Prog Laundrv Cos com 31 H Rauh * Son Fertll Cos pfd 6s 47 Terre Haute Lt & Pwr pfd.. 67 Union Title Cos com 5s 29 S4 Van Camp Prod Cos Ist pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s . 98 Auburn Automobile Cos c0m.... 96% 98% Backstay Welt Cos com 10% 13 Ind Pipe Line Cos 14 15 Fink Belt Cos com 28 30 Lvnch Glass Machine Cos com 13% 14% Mead Johnson A- Cos com 70 72 N Y Central Railroad Cos ...117** 119** Noblltt-Soarks Industrials Inc 34'* 36% Perfect Circle Cos com . .., 25 27 Real Sl'k Hosiery MTls Inc pfd 83 85 Real Sfik Hosirv Mills Inc co 24 36 Ross Gear A- Tool Cos 21 25 standard OH Cos (Indiana'... 3R% . . Btudebaker Corporation 22** 24% _ * Ex-Dividends. _ j Bonds Belt R R * Stk Yds Cos t* 85 Broad Ripple Trac .. Cent Ind Gas Cos 95.......... 98 Citizens Street Railroads ss. 18 23 Home T & T of Ft. Wa'-ne 65.101*, ... Tnd Railway A- Light Cos 5s . 92 Tndols Pwr & Ll Cos 99% 101% TndlanaDOlis Gas Cos 5s 99% 101% Tndols & Martinsv Ra Hr Cos 5s 15 Tndpls A- Northw Trac Cos 55.. 9% ... Tndols St Ry 4s 8 Indpls Trac A- Term Cos 55... 44 48 union Ry ..... 10©,. IndDlr. Water 5s 9<% ... TTidDls Water Cos 5%s 100 Tndo’s Wa Cos Ist lien & ref 5s 97 Tndpls Water Cos 4%s 93% ... Tndols Water Works Sec Cos 5s No Ind Pub Serv Cos 5s 98 N'o Ind Te’enh Cos Ps 98% 100 Ter Haute Trac ALi Cos 55.. . Chicago Stocks Opening (Bv James T. Hamill & Co.l —Jan. 5. Asa Tel Util 9a*, Tnsu'l om 31% nendlx Avia... 19 Itnsull 6s 1940... 87 nor* Warn ... 23 Mai Hshld 6% Cent So West.. 19 Fields.... 28% Cord Corpn 6% Mlddlew com... '9% Con Ch Cd com 6 Nad Stand 26% con Cn Cos rid 35*. swift a- Cos 29% ChVsec 16% Swift Intern. .. 37 Grigsby Grunow swn s Rrd A Tel.. 16% Renal B S', trt A. Ind pfd.. 18% Elec Hshld 24% Ut & Ind com. 7% NEW YORK COFFEE RANGE —Jan. 3 High. Iw Close M.reh 5 85 5.80 3.80 R 86 5.66 .6,66 peeemWr 539 53? 539

New York Stocks "" (Bv Thomson & McKinnon)

—Jan. 5 Railroad*— U;3O . C U>£ At eh-son 185’. AU Coast Line..lo7 106 106 , 107 Balt Ohio .... 75 4 <3 <;? Chesa & 0hi0... 42% 41*. <1 • Chcsa Corp .... 43 42% 42% 42% Chi art West.... Chi N West 36% 35% 35.-a 36? Del L A W [ Del Se Hudson .. __ a Erie 33 30 ! 2 31 32*2 Erie Ist pfd Oerat Northern .. 04 Ciulf Mob A Oil. .. 21 rilinoia Centra!. .<% 16% 76 4 *8 Kan C!tv So • • • 39 Lou A- Hash 1M 104 MK A T 21 % 21% Mo Pacific 32% 33% Mo Pacific old. . ■ 90% ... N V Central ...118% 117% 117% 118% NY NH A II 80 82 Nor Pacific ..... 53% 53 53% 53 OAW 8% Pere Marq ~ J®, Pensylvania ... 59:4 59% 09% 59% Reading 84',g Rairloads— So Pacific 99 98% 98* 93 Southern Ry •>*., 5 ? St Paul 7 6% 6% St Paul nfd 11% 10%. 10% 11% St L A S F. K ■ • ■ 4 1% Union Pacific ..188% 188 188 189% Wabash 18% 18% 18%. 18 W Maryiahd... 15 14% 14% 14% West Pacific 10 Pquipm- nt^ — Am Car A Fdy.. 32% 32 32% 30% Am Locomotive. 24 ... 24 22% Am Steel Fd 28% 26% Grn Am-Tank.. 60% 59% 59% 61 General Klee ... 45% 45% ■%•% 4fi Oca Rv Signal. .. . . 70 73 Lima Loco •■ • 26 Press Sti Car... 4 . . Pullman 53% 52% 53 53 Westlngh Airbr 33% 32 1 W 33% 33% Westlngh L’.cc.. 97 s e 92% 93% 94% Itllb'D-rs— Firestone 18 17% Goodrich ...... 16**'O' 1 16% 16% Goodyear 46 % 55 45% 45% Kelly Sprgfid ... 1% Lee Rubber .. . ... 3% U S Rubber... 13% 12% 12% 127s Motors— Auburn ...116 109 115% 110 * Chrysler 17% 17% 17% 17% Gardner . . ... 2 Graham Paige... 4% . 4% 4% General Moi.ors. 37% 36% 37% 37% Hudson 25’/4 24% 24% 25% Hupp 9% 9% 9% 9% Mack 38% 37% 37% 38% Mormon ... 6% 6% Nash 30% 28% 2974 30% Packard ... ... 9% Reo 10 0% 9% 0% stildcbaker 23% 22% 23 24% Yellow Truck .11 Vs 10% 1074 11 Motor Access— Bendix Aviation. '74 18% 18% 19 Borg Warner .. 22% 22% 2314 Briggs 18% 17% .18 13% Budd Wheel ... ... 9% Eaton 15% *15% 15% 15% El Storage B. . . 54 53% 04 5374 Ha’es Body .... 3% 3% 3% 4 Honda .... . . 5% 5% 5% 5% Motor Wheel ... 15% 15 15 1574 Sparks W 10% 9% 9% 1C 1 Stewart. Warner. 187a 18% 18% 18% Timkin Roll ... 47% 46% 46% 45% Mining— Am Metals ... ... 18 Am Smelt 45% 44 44% 44 Am Zinc 5% 5 5 5% Anaconda Cop.. 32% 31% 32% 32% Cal A Heela ... 8% 8% Cal A Ariz 37 Cerro do Pasco. 25 24% 24% 25 Dome Mines 974 Frrpport Texas. 31% 31 31 31% Granby l Corn... 167 k 1574 1574 16% Great Nor Ore.. 20% 20 20 20 Howe Sound ... 245, 24% 2474 24 lilt Nickel 16% 15% 15%. 15% Inspiration 8% 87- 8% 8% ICennecott Cop. 24% 23% 24 24-% Magma Cop . ... 22% Miami Copper 8% New Cons 11%. 11 11 11% Texas Gul Sul.. 49 4774 45% 48% U 8 Smelt 19% Oils— Ameracin 21 20% £1 20 Am Republic . 8% 8% Atl Refining 217# 21% 21% 21 % Barnsdall 13% 12 1 • 12'% 12% BcacoP " 9% Houston 8% Indian Refining 4% 414 Mex Seaboard... 12". 12% 12% 11% Mid Conti 15% 157- 157a 15% Pan-Amer (B) 32' Phillips 1674 15% 16 15 Pr Oil A Gas.. 18’% 18 18 18% Pure Oil 117# 1114 11% g Richfield 5% 5% 5% .434 Royai Dutch .... 39% 39% 39% 5874 Shell Un 87# 874 8% 8% Sinnns Pt ... . 71% Sinclair 11% 11%, ii% 11% Shelly 1174 u% n % 10 % Standard of Cal 48% 47% 47% 47 Standard of N,l 50% 49% 50 48% Standard of N Y 2574 24% 2434 23% Texas CO 34% 34% .34% 33% Ull’on Oil 23% 22% 2374 23 Steels — Am Roll Mills.. 32% 32*4 32% 33 Bethlehem 53% 5274 5274 53% Byers AM 42 41 42 42 Colo Fuel 2474 24 24 2374 Crue, Steel 59%, Ludlum 12 1174 1174 12 Midland ... . 22% Newton 157a ... 157 k 15 Repub IA S 14% 13% 137s 14% H s Steel 143 74 142 74 142 74 143 7b Vanadium 54 53% 5374 55% Yoiiiigst SAW 23 Tobaccos— Am Sumatra . 934 A Tob B 1 new 1 109% 1087 k iOB% 109 General Cigar 34 Lig A M (Bl 86% 86 86 ' 86 Lorillard 11% 11% 1\ % 1134 Reynolds Tob.. 42% 427 k 42% 42' Tobaccos— Tob Jr A ... 163' United Cig 41: Utilities— Abltibi ... 9 Adams Exp .. . is 7 # inti 'iß% 18% Am ror Pwr... 31 7 # 30“ 31% 31 % Am Pwr &Li 4974 49 49 7* 49% A T A T 1837a 132 183 184 % Col Gas A El.. 37 36% 363% 37% Com A Sou 9 3% 9 8% El Pwr ALi 44% *2% 44 43 1 * Inti T A T.... 22% 21% 22 22% Natl Pwr A Li. 35% 347 b 34 357 k Gen Gas 574 57k 574 574 No Amer C 0.... 67 657 b 67 67 Pac Gas A El 43 Pub Ser N J... 77!b 73% 777 b 77% So Cal Edison.. .. ... 467s *7 Std G A E 1... 63 62% 627# 62% United Coro 19% 187* 197a 19% Ut Pwr & L A.. 24 23% 24 34', 2 West Union ...140 138 7 # 1387 k 140 Shinping— Am Inti Corn.. 20% 2074 2074 20-% Inti Mer M nfd ~ ... 15% No Gin Llovd .. . . 29% United Fruit 53% 5S 58 53 Foods— Armour A 3% 3% 3% 3% Cal Pkg 47k 44 Can Prv . . 34% 347% Coca Cola 149% 1493# 149 Cont Baking A.. 29% 193* 193* 191^ Corn Prod 80% 79': a 797 s 80% Cudahy Pkg 41* a 41 41 Gr/r Foods 49% 497 b 497 b5O CM and Union. .. .. ... ... 1274 Hershev 90% Jewel Tea 3974 Kroger 197 k 19% 19% 1974

Produce Markets

Eesrs (Country Run I —Loss oft delivered In Indianapolis. 20c: henery duality No. 1 25c; No. 28. 15c. Poultry (Buvins Pricesi—Hens, welching 5 lbs. or over. 17c: under 5 lbs.. 15c: Leghorn hens. 11c: springers. 5 lbs., or over. 16c; or under 5 lbs.. 15c: ducks, springers, lie: old cocks. 9®llc: ducks, full feather fat white. 11c: geese. 11c. These prices are for No. 1 top ouaiitv auoted bv Kinge.n & Cos. Butter (wholesale)—No. 1. 31@32c; No 2. 30@31c. Butterfat—27c. Cheese (wholesale selling orlce per pound i—American loaf. 31c: pimento loal. 32cc: Wisconsin firsts. 27c: Longhorns. 34c: New York Llmbcrcer. 36c. By United Press CINCINNATI. 0.. Jan. s.—Butter, lower; creamery In tub lets, according to score. 25®28c; common score discounted. 2@3c; packing stocks. No. 1. 25c| No. 2. 15c; No. 3,10 c; butterfat. 22@24c. Eggs—Steady; cases Included: extra firsts. 29c: firsts, 24c; seconds. 20c: nearbv ungraded. 27c. Live poultry—Thin and coarse stock sell only at heavy discount; fowls. 5 lbs. and over. 19c; 4 lbs. and over. 18c; 3 lbs. and over. 15c; Leghorns. 3 lbs. and over. 13c; roosters. 13c: capons. 8 lbs. and over. 30c; under 8 lbs.. 26c: slips. 21c; stags. 18c: colored frvers. over 3 lbs.. 24c; over 2 lbs., 24c; broilers, colored. 1% lbs. and over. 21c: Leghorn and Orpington frvers over 2 lbs.. 15c; roasting chicks. 4 lbs. and over. 26c: black springers. 15c.

New York Curb Market

(Bv Thomson <& McKinnon) —J an. 5 Am Com Pwr.. 13* 8 Int Pete 15 Am Gas & El.. 76 Midwest Ut .... 19% Ark Gas 5% Mo Kan Pipe., 6% Aviation of Am 17% Newmont Min.. 48 Brazil P & L. 22 Nia Hud Pwr.. 10*4 Can Marc .... 2% Noranda 14% Cities Serv ... 16% Penroad 7% Cord 6*B Sel Indus 2% Crocker A- Wh. 9% Shenandoah ... 4% Elec Bond Sh .. 44*# Std of Ind 37% Ford of Can .. 22% Sid of Ky 21% Ford of Eng .. 15* Un Gas 8% Goldman Sachs 7*4 Un Lt & Pwr... 24% Gulf Oil 71% Un Verde S'* Hudson Bsv ... 4% Ut Pwr 10% Humble Oil ... 64 IVacuum Oil ... 56% New York Liberty Bonds —Jan. 3 S%s 101.27 7 st 4'.s 103. 4th 4%s 103.25 Treasury 4%s 112.14 Treasury 4s 108.13 Treasure 3ns of ’47 103.20 Treasury 3**s of '43 102.12 Building Permits Swift & Cos., alterations and repairs. 225 Kentucky avenue. $33,000. General Outdoor Advertising Company, steel tower for clock and beacon light Meridian and Washington. $55,000. RAW SUGAR PRICES —Jan. 3 H‘gh. Low. Close. January 1.10 l.io 1.10 March 1.22 1.17 1,32 May 1.31 1 27 1.31 July 1.38 1.3$ 1.38 September 1.46 1.43 1 46 December 1.54 1 49 1 53

Nat Biscuit 79 78% 787 bSO Pillabtirv ... ... 27V Safewav St 43 43 Std Brands 177 k 17% 17% ... Ward Bug 47* ... Drags— Lambert Cos .... 827* 8074 82 80% Lehn A Pink 2S Industrials— Am Radiator .. 1774 16% 167 16% Bush Term 24% Certainteed ... 3 Gen Asphalt 263'* 26% Lehigh Port 15 14 Otis Kiev 56 56 56 57% Indus Chems— Allied Chern 178% 173%. 174% 178 Com Solv 16% 16 * 16 3 * 16% Union Carb 60 58% 587a 593. U S Ind Alco.. 64% 63 63 64% Retail Stores— Assoc Dry Gds 24 24 ! 4 Gimbel Bros ... 5 474 5 5 Kresge 8 S 277 k 287a 277 b 26% May D Store < 29’ ■> Mont Ward 13 s # 17% 18% 18% Penny J C 30% 30 30 29% Schulte Ret St 4% 43* Sears Roe 50% 49 43% 50 Woolworth 57% 57% 57% 57% Amusements— Bruns Balke 11% Col Graph 8% &% 87b 8% Croslev Radio ... ... . 41,, Eastman Kod ..153% 150 152 153% Fox Film A .... 27% 26% 27 28 Grigsby Gru ... 3% 374 3% 3% Loews Inc 48% 48% 48% 48 Param Fam 4172 40 41% 4034 Radio Corp . ' 133° R-K-O 1774 iC74 'i7% 38% Schubert 514 Warner Bros .. 15% 15% ;is7k 15% M.sce Uaneous— Airway App 8 774 8 7% Congoieum 7.-;,: Am Car. 1147 k 112*4 ii3*4 114 Cont Can 50% 50% 50% 51 Curtiss Wr 3*# 3% 31, 31Gillette S R .... 237. 23 23 23% Real Silk . 25 26 Un Aircraft ... 25 24% 24% 23%

A via tion

Boeing Rates Reduced SEATTLE, Wash., Jan. 5.—A 17 per cent rate reduction between San Francisco and Chicago and adoption of a uniform fare of 8.3 cents per air mile by four of the nation's large air transport lines was announced today when Boeing Air Transport cut its San FranciscoChicago rate to $l6B from S2OO, which has been the fare for three years. The rate reduction follows closely upon the expenditure of more than one million dollars by Boeing Air Transport for new passenger planes and depots in anticipation of larger air travel. Two round trips are flown daily. Elapsed schedule time is twenty hours. Companies adopting the 8.3-cent fare are Boeing Air Transport; National Air Transport, Chicago-New York and Chicago-Dallas; Pacific Air Transport, Seattle-San Diego; Varney Air Lines, Seattle-Salt Lake City. Autos Helping Planes By Scripps-U award Newspaper Alliance WASHINGTON, Jan. s.—The automobile, considered by many fliers as an “old-fashioned way of getting somewhere,” now helps keep the airplanes on their courses. The government is installing radio sets in ten automobiles, which will be used along the airways to see that the radio range beacons are sending out their course signals in the right direction. The automobiles used by the assistant traffic supervisors in each of the ten field divisions of the airways division will get radio receivers. Wheii the assistant supervisor wishes to check on a certain radio beacon he drives to some point along the airway which the signals are supposed to follow. By tuning in and listening he can tell whether the signals are being I transmitted as intended. If not, he | can notify the operator of the station and the course can be adjusted. Seals Finance Plane Hii VHA Se'-ricc OSLO, Jan. s.—Red Cross Christmas seals, similar to those sold in the United States, have enabled the I purchase of an ambulance airplane j for use in the sparsely settled coastal district and in the northern part of Norway. The plane will be used in getting patients to hospitals and in trans- ' porting physicians to isolated suf- ; ferers. Mimic War Planned ! ' NEW YORK, Jan. s.—Five hunj dred planes and 1,100 flying officers ! and men will swoop down on New York next spring in part of the army air corps annual maneuvers. The air units will join in a mimic war involving defense of the Atlantic coast, from Boston to Norfolk and at the same time enable army officers to gauge New York’s airport capacity for fighting aircraft, 489 Landings in Day Hu yEA Service AKRON, 0., Jan. s.—An airplane tester has his ups and downs. In testing brakes here Pilot Bill Hudson made 489 landings in one day. This is believed to be a world’s rec--1 ord. I Air Travel Increasing If use of air transportation by the public is any criterion, normal business conditions are returning in the United States, Harris M. Hanshue. president of Transcontinental & Western Air, Inc., said today. He said that, while at present there is no profit in passenger service, the major air lines are carrying many passengers. “All forms of transportation suffer during periods of depression,” he puir ed out. “If, then, air travel, which so many erroneously consider a luxury, is enjoying good volume of traffic, it is logical to believe that the depression is just about over.” Army's Plane Is Damaged By Until’d Press WAJvSAW, Jan. s.—The England to China flight of Miss Amy Johnson, young British girl who made the first woman’s solo flight from her homeland to Australia, was interrupted while repairs were made to her airplane today. Miss Johnson became lost in a fog en route from Berlin to Warsaw Sunday and made a forced landing near the village of Amelin. Here plane was damaged, but she was unhurt. Arrivals and Departures Mars Hill Airport—Four planes of the Connecticut national guard, en route from Hartford, Conn., to Miami, Fla., stopped at Stout field; Captain R. A. Day, Leavenworth, Kan., to Fairfield, 0., T. W. A. passengers east bound included Mrs. Anna Akerblom, Philadelphia: Em-bry-Riddle passengers to Chicago included Miss Dorothy Pick, Evanston, HI. Hoosier Airport—Kenneth Grif-> flth, Chicago to Indianapolis and return, Cardinal plane. ...

THE INDIANAPOLIS TIMES

PORKER PRICES OFF 25 CENTS AT LOCAL PENS Cattle Market Stationary; Vealers Unchanged at sl3 Down. HOGS Dec. Bulk. Early Top. Receipts. 27. SB.9S'T 8.45 $8.50 2.500 29. 8.05 w 8.45 8.45 6,000 30. 7.80 k/. 8.35 8.35 7.000 31. 7.6044, 8.30 8.30 5,000 Jsn. 2. 8.35® 8.40 8.40 6.000 3. 7.65'// 8.40 8.40 3.000 5. 7.405 c 815 £.15 8.000 Porker prices at the Union Stockyards today were generally 25 cents lower than Saturday's best average. The bulk, 130 to 300 pounds, were selling at $7.40 to $8.15. Receipts were estimated at 8,000. Holdovers, 75. Slaughter classes of steers about steady with Saturday's best prices. Receipts 700. Vealers stationary at sl3 down. Receipts were 500. Sheep and lambs little change, with good and choice grade of lambs selling at SB. to $8.60. Receipts 900. Chicago hog receipts, 67.000, including 30,000 directs. Holdovers, 1,000. Market slow, few early bids around 15 to 25 cents lower than Friday's average, bidding around $7.85 for 190 and 210-pound weights. Best light weights held up to $lO and above. Cattle receipts, 14,000. Calves, 2,000. and steady. Sheep receipts, 17,000, and steady, HOGS Receipts. 8.000: market, lower, —Light Lights—-(l4o-160) Good and choice. ...$ 8.15 —Light Weights—-(l6o-180) Good and choice.... 8.15 (180-2001 Good and choice.... 8.10 --Medium Weights—-(2oo-220) Good and choice..., 7.905? 8.00 (220-250) Medium and g00d... 7.655 e 7.90 —Heavy Weights—-(2so-290) Good and choice... 7.40® 7.65 (290-350) Good and choice.... 7.00® 7.40 —Packing Sows—-(27s-500) Medium and g00d... 6.00® 6.75 (110-130) Slaughter pigs 8.00 CATTLE (Slaughter Class) Receipts, 700; market, steady. Good and choice $11,005/ 13.50 Common and medium 6.755/ 11.00 (1.100-1,500) Good and choice 10.505J13.C0 Medium [email protected] —Heifers—-(soo-850) Good and choice 8.505J11.50 Common and medium 5.005/' 8.50 Good and choice 5.50@ 7.00 Common end medium 4.00% 5.50 Low cutters and cutters 2.75® 4.00 —Bulls (yearlings excluded)— Good and choice beef 4.505} 6.25 Common and medium ~... 3.00® 4.50 CALVES AND VEALERS Receipts, 500; market, steady. Good and choice [email protected] Medium 8.005/ 12.50 Cull and common 5.50® 8.00 —Calve*— „ (250-300) Good and choice 6.00® 9.50 Common and medium 3.50© 6.00 STOCKERS AND FEEDER STEERS Good and choice $ 6.50@ 8.50 Common and medium 4.50® 6.50 „ , (800-1,5001 Good and choice 6.50® 8.50 Common and medium 4.75® 6.50 SHEEP AND LAMBS Receipts, 900; market, steady. Good and choice $ B.oo® 8.75 Common and medium 6.00® 8.00 —Ewes— M(dium and choice 2.50® 3.75 Cull and common I.oo® 2.50 Other Livestock By Times Special LOUISVILLE. Ky.. Jan. s.—Hogs Receipts, 1,600; market 15c lower; 325 lbs. up. $7.60: 175-25 lbs.. 58.29; 139-175 lbs., $7.95; 130 lbs. down. $7.15; roughs, $6.55; stags. $5.55. Cattle—Receipts, 100; market steady to 25c lower; prime heavy steers. [email protected]. heavy shipping steers. $7.25@ 8.50; medium and plain steres. [email protected]; fat heifers. ss®lo; good to choice cows, $4®5.50; medium to good cows. $3.50®4; cutters. $3®3.50; canners, [email protected]; bulls. $3.50®5; feeders, $6.50(5)7.50; Stockers. $4 @7. Calves—Receipts. 700; market steady: good to choice. $7,504/10.50; mediums. $7 ®8.50; common to medium. 4.50®6.E0. Sheep—Receipts. 50; market steady;' ewe and wether iambs. 8; buck lambs, $7; seconds. S5 down; clipped sheep, s2®3. Saturday and Sunday shipments: Cattle, none; calves. 423; hogs none; sheep none. By United Press CINCINNATI. Jan. s.—Hogs—Receipts, 4.300; heldover, 300; slow, 15@25c lower; spots off more on weighty butchers; 130-230-lb. average, $8®8.20; with best sorted. 160-200 lbs., mostly on shipper accounts, $8.50; some 240-275 lbs., 57.40®7.90. with 300-lb. averages down to $7.10; packing sows largely 50c lower at 56©6.25. Cattle—Receipts. 1,500; calves, 275; very little done on steers, few sales of in-between grades mostly 50c lower at [email protected] bids fully si lower; best lightweight heifers about steady at $3®9.25; lower grades weak to 25c lower down to 600 or below; beef cows steady. $4.50'./6; low cutters and cutter cows weak to mostly 2oc lower; bulk. s3®4; bulls about steady at $6 down; vealers steadv with Friday; good and choice. $11,500/12.50: lower grades sll down. Sheep—Receipts. 250; generally setady on all classes: between grade lambs, sß.ao to mostly $9; heavies very slow, quotable downward to $6.50 or below; common and medium, $6.50 @7.50; fat ewes, s2@3. 6AINNOTEDIN BANK BUSINESS Stockholders Receive Usual Quarterly Dividend. Progress in banking conditions was,reported for the year by Merchants National and its allied banks when dividend checks were distributed Saturday. Shareholders of Merchants National received the usual quarterly dividend of 3 per cent and an additional extra cash distribution of 1 per cent. Surplus of $1,250,000 and reserves of $1,100,000 were reported. Foutain Square State bank paid a 3\vi per cent semi-annual dividend and increased its reserve funding by $5,000. State Bank of Massachusetts Avenue likewise reported increases, as it paid its usual 21i per cent semiannual dividend. Brightwood State bank paid a semi-annual 3 per cent dividend, and ended the year with a surplus of $19,000 and undivided profits of $9,300. FUNDS TO INCREASE DRY FORCE SOUGHT House Bill Would Provide for 130 More Agents, 24 Instructors. By United Press „ WASHINGTON, Jan. s.—Hearings before the house appropriations committee on the first of the tw r o general deficiency bills which must be passed by the present congress today, revealed that Amos W. W. Woodcock. prohibition director, hopes to start at once the proposed addition of 500 prohibition agents to his staff. The deficiency bill carries a request for $225,000 for the justice department to provide for 130 additional agents and twenty-four instructors for Woodcock’s proposed traveling school for agents. The item was reported as part of the bill submitted to the house shortly after reconvening at noon, and is expected to be opposed heatedly by wets when the bill comes up for consideration by the full house.

BELIEVE IT or NOT

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Follciving is the explanation of Ripley’s “Believe It or Not” which appeared in Saturday’s Times; The Bower Birds—Tile most characteristic feature of the habita of the Bower Birds of Australia (family Ptilcnorhynchidae) is their habit of forming remarkable playgrounds, in addition to their regular breeding nests. These “bowers” are of various forms and serve as places for assembling and for amusements. v The most remarkable of the bower birds is a species known as the “Gardener Bird,” which constructs a conical hut from four to six feet high, left open on one side. In front of the open side it makes a meadow of smooth soft moss, on which it scatters flowers, vivid-colored shells, fruits, stones and insects, giving it the appearance of a carefully cultivated garden. Reference: Encylopedia Britannica, Volume 3. 11. E. Mann Can Lift a 600Fcund Bull—H. E. Mann, who lives on his farm near Memphis, Tenn., has acquired the ability to lift his 600-pound bull by lifting him eight times a day since the bull was a calf of 50 pounds. On Dec. 3, 1930, when Mr. Mann performed this feat of strength for newspaper reporters and photographers, he hoisted the animal on his shoulder eight times, and he hopes he can still do the same if the bull grows to 1,000 pounds. Tuesday—“A Unique Case in Court.

Dow-Jones Summary

Stocks oi Crude Rubber in London Jan. 3. total 78.041 tons, an increase of 714 tons over the preceding week. Liverpool Si.? 0 * foiled 41,516 tons, an increase of 923 tons oyer preceding week. , LONDON—New York Cables opened at 4,855-8 against 4.85 2-32: Paris checks. 123.74: Amsterdam. 12.06i>: Italy. 92.755; Berlin. 20.405. Atlantic Pipe Line Company has purchased Liberty Pipe Line Company in the Barbers Bills Field in Texas; purchase also includes gathering lines of Barbers Hills Terminal at Cedar Bayou and certain equipment and shipside terminal at Texas City. Harvey D. Gibson, chairman of executive commitee of New York Trust Company. resigned to become president of Manufacturers Trust Company. Mr. Gibsou and associates purchased from Goldnian Sachs Trading Corporation large portion of holdings of manufacturers. Net profit ex Servel Inc. and subsidiaries tor ten months ended Oct. 31. 1930, was $559,603 af.tr expenses, interest introduction costs of new models and other charges. Fiscal year has been changed to Oc*. 31. instead of Dec. 31. In year ended Dec. 31. 1929; net loss was $599,887 after expenses, interest, inventory adjustment and other charges. California Crude Oil production averaged 535.000 barrels daily for week ended Jan. 3. decline of 30.000 barrels from final 1930 week and lowest level in seven years California Oi! World estimated. \ Prairie Pipe Line Crude Oil deliveries in December averaged 64.335 barrels daily against 88.395 in November and 206,798 in December. 1929. Florsheim Shoe Company year ended Oct. 81. net profit 51.909,900 after depreciation, reserve federal taxes, etc., against $2,622,453 in preceding fiscal year. Canadian Pacific December gross revenue $15,851,000 against $15,052,000 in Decemoer. 1929. Gross for 1930 was 5175.653,000 against f204.635.000. Great Northren. Railway loadings in December totaled 52.957 revenue freight cars against 57.031 in December. 1929. Associated Gas and Electric Svstem. electric output in week ended Dec. 27 increased 1.9 per cent over like 1929 week to 53.759,316 kilowat hours. Gas output increased ’/a of 1 per cent to 393,004.700 cubic feet. Plan for development of 2.000.000 horsepower of electricity on St. Lawrence' river submitted bv Robert M. Haig, chairman of engineering board of the St. Lawrence Power Development Commission, total cost to be $222,046,000. Net earnings after allowance for taxes of Consolidation Film Industries Ine., fopAqua=rter ended Dee. 31. 1930; were approximately $55,464 against $489,722 in preceding auarter and for year ended Dee. 31. 1930. were approximately $2,306,343 against $2,389,373 in preceding year. Southern Railway first eleven months net estimated at $3.95 a common share against sll earned in like 1929 period. Clearings of New York clearing house in week ended Jan. 3. totaled $7,024,519,271 e-alnst $4,706,260,586 in week ended Dec, 37. New York stock exchange member borrowings declin'd $268,363,113 during December to *1.893.812.820; yeaT ago loans totaled $3,989,510,273.

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

The City in Brief

TUESDAY EVENTS Indianapolis Medical Society, dillncr, Marott hotel. Emergency Relief Conference, all day meeting, Statehouse. Indiana Duro6 Swine Breeders’ Association. convention, Severin. Alliance Franciase. luncheon, SpinkArms. Rotary Club luncheon. Claypool. Gyro Club luncheon. Spinl:-Arms. Mercator Club luncheon, Columbia Club. Architectural Club luncheon, Y. W. C. A. Purchasing Agents’ Association luncheon. Severin. American Chemical Society luncheon. Chamber of Commerce. University of Michigan alumni luncheon. Lincoln. Indianapolis Republican Veterans luncheon. Board of Trade. Universal Club luncheon, Columbia Club. Word of the death of Samuel Strachan, assistant general freight traffic manager cf the Baltimore & Ohio railroad, at Baltimore Saturday, was received here today. Members of the Indiana Bakers’ Association, attending a dinner Wednesday night at the Hotel Antlers, will tune in on the broadcast from Chicago of Standard Brands, Inc., presenting a trio of Chicago bakers in vocal numbers. Reappointment of Mrs. Hugh McGibeny for three years as a member of the committee on volunteer special . services of the American National Red Cross was announced today. Food for 26,910 persons, contained in 5,074 baskets, was distributed throughout the state by the Indiana division of the Salvation Army, Major James Murphy, divisional commander, has announced. Arrius court, Ben-llur lodge, will be open to friends tonight for dancing and cards at the Moose ledge hall, 135 North Delaware street. Burt E. Kimmel is scribe. An American eagle with a wing spread of seven feet six inches was captured in Parke county near Coxville by George Tolen, a farmer, and taken to the state *fish hatcheries near Indianapolis, it was announced by the state conservation department today. T. E. Grinsladc, past president of the Indianapolis Real Estate Board, has been chosen delegate to the midwinter meeting pf the National Association of Real Estate Boards Jan. 15 to 17, at St. Petersbug, Fla. Postponement until spring of the January annual luncheon of the Indianapolis Flower Mission has been decided upon by members of the mission. Annual reports and election of new officers will be made Thursday at the Board of Trade building. Election of A. P. Vestal as president of the Indiana Stamp Club was a feature of the annual meeting of the club in the Hotel Lockerbie Friday night. He will succeed L. O. Ward. Other officers named were Dr. Ert J. Rogers, vice-presi-dent; Marion F. Clarke, secretary, and Everett R. Ryan, treasurer. Officers for 1931 elected by the Indianapolis Racing Pigeon Club at headquarters, 423 West New York street, were; E. H. Soullois, president: A. Glanzman, vice-president; H. H. Carter, secretary; Charles Schwert, treasurer, and H. S. Wyeth, race secretary. Albert S. Beaulieu. Logansport, has been appointed securities commission investigator it was announced by William P. O’Neil, state securities commissioner. Beaulieu is prominent in Logansport Democratic politics and from 1918 to 1921 was an investigator for the United States treasury department. G. T. Goddaj-d, general electrical engineering supervisor of the Illinoise Central railroad, was killed Friday when struck by a suburban train in Chicago. Among survivors is a sister, Miss Helen Goddard, head of the English composition department, at Arsenal Technical high school. Dr. Edward C. Elliott, Purdue university president, will speak Tuesday noon at the Rotary club meeting at the Claypool. His subject will be “Who’s Afraid?” Session of the Pennsylvania Railroad Supervisors’ club will be :■

K<7 Registered C. S. JLI \ Fatent Office RIPLEY

held at 8 Tuesday night in the Pennsy gym, 71 South State avenue. R. G. Miller, recently named general superintendent of the southwestern general division, will speak. Ralph Howard, superintendent of the Indiana state penal farm at Putnamville, will speak at the noon meeting of the Lion’s Club Wednesday at the Lincoln. Installation cf the 1931 officers of the Indianapolis Bar Association will be held at 6:30 p. m. Wednesday at the January meeting of the organization at the Columbia Club. Racing pigeon fanciers will meet at Jumping Jack Cleaners, Michigan street and Oakland avenue, at 8 Wednesday night to form a club’ George S. Waite, 1425 Linden street, said, today.

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The window shown above consists of an upper and lower section, of six window panes each. The pane in the upper left-hand comer is broken. How can the two sections be arranged so that the broken pane is covered by a good pane, without exposing half the space of the whole window?

Answer for Saturday

©r-*©®-© ( sAb When the five inside circles are filled with the proper vowels, as shown above, the five words, “BEAT," “BAIL,” “DEAR,” “RIOT,” and “LOAD” are formed, the words being read as indicated by the arrows.

ENJOY RARE RIDING COMFORT I AT PRICES AMAZINGLY LOW Hudson-Essex goes all the way in giving you Rare Riding Comfort It is designed j into every body, engineered info every part that affects riding and driving ease. It is evidenced Hby the ease with which every control is reached and operated. And yet both cars are priced far below what yon would expect to pay for such luxury. Other body onodela as attractively priced. Special cquipny nt cutra. AU prices £o.b. Detrain v

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Carb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

.JAN. 5, 1931

GRAIN MARKET IRREGULAR ON WEAKSUPPORT Corn Futures Hit by ProfitTaking as Stocks Ease Off. By United Press CHICAGO, Jan. s.—Grains were unevenly steady’ as the Board of Trade opened today. Firmness at Liverpool offset the weaker securities market and held wheat steady with July easing a small fraction Some profit-taking in corn on the tone in stocks eased that market a trifle when poor support appeared. Oats were steady in a very light trade. Liverpool was firm on higher Argentine and Winnipeg markets and the small world shipments. Liverpool Uneven At the opening wheat was s s cent lower to ’s cent higher, and oats were 1 •< cent higher. Provisions were steady. Liverpool was stronger than expected today, but did not hold the best prices, being 1 to IX cents higher at mid-afternoon. Buenos Aires, started strong, but fell to % cent lower at mid-day. Many traders think that wheat has had a fair upturn for the present and are inclined to go slow on the buying side of July, except on breaks. Offering of that month are not large. There is a better feeling abroad and at Winnipeg. A modest decrease in the visible supply as expected today. No precipitation has fallen in the winter wheat belt in several weeks and fears are raised of a drought for the growing crop. Cash News Bullish The cash news remains the chief bullish incentive in the corn market. Country advices indicate a further tightening of offers despite the advances in future prices. The increased speculative confidence has been felt more in corn than the ether grain because of the greater activity in that grain. There has not‘been much pressure on oats of late and that market has been firm with corn. Chicago Grain Table —Jail. 5 WHEAT (old) Pre, High. Lot. 11:00 close. March ...... .80% .80% .80% .30 May 81 JU’.. .81% .81% July 63% .65% .68% .66% CORN (ole) March 70% .70 .70 .70’ ■ May 71% .71% .71% .71% Julv 72% .72!# .72% .72% OATS (old) March 33% .33% May 34% .34 .34 .34% July 33% .33% .33% .33% RYE (old) March 43% .42% .42% .43 May 43% .43% .43% .44 July 44 .43% .43% .43% LARD— March .., 8.70 8.70 May 8.85 8.87 July ... 9.02 9.02 By T. ncs Special CHICAGO. Jan. s.—Carlots; Wheat. 145; corn. 4; oats. 10; rye. 0, and barley. 5.

Local Wagon Wheat

City erain elevators are paying 70c for No. 1 red wheat and 68c for No. 1 hard wheat Births Girls I Fred and Kathryn Dietz. 949 Lexington. | ' George and Blanche Orme, 1457 Congress. David and Pearl White. 1022 Fayette. Cornelius and Irene Vance. 2038 Yandes. John and Iva Hammond. 1622 East Nineteenth. Edgar and Emily Booth. Methodist hospital. George and Lillian Baker. Methodist hospital. George and Mildred Sears. Methodist hospital. Neely and Stella Mcßuffee, Methodist hospital. Joseph and Carol Weinberg. Methodist hospital. Ralph and Helen Earle, Methodist hospital. George and Martha Ecknor, Methodist hospital. Virgil and Mabel Williams. Methodist hospital. Alphonsus and Mary Hipskind. Methodist hospital. George and Rowena Buchanan. 1640 Hoyt. lloys Harry and Effle Neelv. 262 Hoefgen. William and Edna Convey. 1135 Centennial. Harold and Myrtle Leonard. 4815 Sangster. Loren and Bertha Hatfield. 734 North I Capitol. I Leslie and Esther Caldwell. 1529 Martln- ! dale. Harry and Josephine Hammond. Methodist hospital. Wyatt and Doris Mitchell, Methodist hospital. Birlev and Dorothu Whaley. Methodist hospital. Francis and Aileen Dickman. Methodist hospital. Karl and Geneva Klstner. 1659 Union. Harry and Laverne Miller. St. Vincent - ' hosoltal. Ollie and Opal Oakes. 307 North Elder. Twins James and Frances Cox. Methodist hos - pital. girl and boy. Deaths Hannah Bailey. 92. 2441 Ashland, chronic myocarditis. Dcshla Fields. 49. 621 Allegheny, chronic myocarditis. William Walter Ducbemin. 50. 1734 North Meridian, cirrhosis of liver. Samuel Roger Richards. 71, 1702 Hall place, hypostatic pneumonia. Melitus Bell. 79, city hospital, hypostaticpneumonia. Joseph Leonard Doerr. 1. 2830 Burton, broncho pneumonia. William Schrader. 70, 5771 College, chronic nephritis. Charles Willie. 70. city hospital, hypostatic pneumonia. Susanna Toy. 73. 2615 Brooksidc chronic nephritis. Ervin W. Bott. 42, city hospital, accidental. PatrictA Duncan. 3 months, 734 North Bradley, acute la grippe. Robert Spickler. 11 months, Riley hospital. broncho pnuemonia. Adaline Huga. 71. 2017 North Meridian, chronic myocarditis. Lida Zeller. 47. 320 East Southern, pulmonary tuberculosis. Ernest Scripture. 36. Long hospital, chronic myocarditis. Lucina Stires. 81. 3029 North XUinois. carcinoma. Rosa Philena Hicks. 21, 3938 North Ta- ! coma, scarlet fever. I Mary Ann Parsons. 82, Christian ho pital. uremia. George Henry Barlow, 69. 1118 South Pennsylvania, uremia.