Indianapolis Times, Volume 42, Number 208, Indianapolis, Marion County, 8 January 1931 — Page 12

PAGE 12

STOCK SHARES MOVE SLOW IN NARROW RAN6E Nevada Consolidated Leads Coppers in Large Demand.

Average Stock Prices

Average of thirty Industrial* for Wednesday was 171 M, off .80. Average of twenty rala was 103.91. up 1.64. AverW. of twenty utilities was 63.24. up .09. Average of forty bonds was 9f 54, up .16. Sy United Press NEW YORK, Jan. 8. Stocks opened steady today in fairly active turnover. Nevada Consolidated Copper featured with a block of 11.400 shares at 12, up % from the previous close. Coppers generally were firm with American Smelting at 45%, up % and Kennecott at 24%, up United States Steel was unchanged at 143 while General Electric opened at 45%, up %; Bethlehem Steel 52%, up %; Radio 13%, off Y if and American Can, 113"*, unchanged. Motor shares were firm with General Motors at 36% up %; Packard 9%, up %; Auburn 110, unchanged, and Chrysler 17, unchanged. Oils continued in demand. Small gains were made by Skelly and Standard of California. Standard of New Jersey eased slightly. Texas land trust rose % to 14%. Allied Chemical lost 1%, to 174, while Union Carbide rose 1%, to 60%. Goodyear eased %, to 43%, after its rapid rise Wednesday following the regular dividend declaration. An easier tendency was noted in several of the amusements, utilities and special issues. During the early trading the market lacked definite trend. Steel Common cased from its opening and then rallied. American Can firmed up as did some of the oils. Rails were about steady in dull turnover. Trading generally slowed down.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 8— Clearings $3,573,000.00 Debits 7,274,000.00 CHICAGO STATEMENT —Jan. 8— Clearings $78,600,000.00 Balances 6,200,000.00 TREASURY STATEMENT —Jan. 8— Net balance tor Jan. 6 $283,612,681.85 Expenditures 10.311.681.76 Customs rects. month to date 3,694,863.39

Net Changes

By United Press NEW YORK. Jan. 7.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange : Up. off. American Can 113% ... 1% American & Foreign Power 32% % ... American Telephone 185% ... % Atchison 190 3% ... Case 90% 1% Consolidated Gas 85% ... % Erie 32Vi ... ... Fox Film A 28 ... % Geenral Electric 45% ... % General Motors 36% V* ... International Telephones.. 21% ... % Loews Inc 48% ... 1% Montgomery Ward 18% ... % New York Central 121 2 ... North American 67% % *.. Penna 61V* Va ... Radio Keith 17% ... % Sinclair 11% Standard Oil New Jersey.. 50% % ... Transamerica 14 United Aircraft 25:a % ... United States Steel 143 ... % Vanadium 54% % ... Westlnghouse 93 Vs ... 2% New York Liberty Bonds —Jan. 7 B%s 101.30 Ist 4%s 102.31 4th 4%s 103.26 Treasury 4%s 112.30 Treasury 4s }S§-ol Treasury 3%s of 4 102.26 Treasury 3%s of '43 102.13

Local Wagon Wheat

Citv grain elevators are Daylnpr 70c for No. 1 red wheat ana 68c for No. 1 hard vheat. RAW SUGAR PRICES —Jan. 7 High. LovV. Close. .Tanuarv 1.25 1.24 1.24 March'.. 134 1.31 1.31 Mav 1.42 1.39 1.39 .Tulv 1.50 1.48 1.46 Seoteniber 1-57 1.53 1.03 December 1.63 1.60 1.60 NEW TORK COFFEE RANGE —Jan. * Hi eh. Low. CloseMarch 5."3 5.65 5.68 ,TuIV . • 5.42 Semember 5.45 5.32 5.35 December 0.30 i.2. 0.37 PRUDENTIAL SAVINGS ELECT NEW OFFICERS _____ Stockholders Receive Regular 6 Per Cent Dividend. The Prudential pavings and Loan Association at their regular annual meeting of stockholders and director elected the following directors to serve as officers. Bert. F. Deery, president; Beverly D. Brown, vice-president; William D. Lalley, vice-president: Lawrence J. Sexton, secretary; Timothy P. Sexton, treasurer, and Leo X. Smith, attorney. The association has declared and paid the regular 6 per cent dividend and hap always paid withdrawals upon demand In the Air Wether conditions at 9 a, m.. Northeast wind, 6 miles an hour; temperature, 31: barometric pressure, 30.07 at sea level; ceiling 7.00 C feet, local smoke; visibility, threefourths mile; field, good. Arrivals awd Departures Mars Hill Airport—Curtiss-Wright visitors included W. B. Robertson Kingbird plane, St. Louis to New York: T. & W. A. passengers westbound were Dr. Alfred Henry, 4949 North Illinois street, and passengers to Columbus, 0., included H Rhodes and H. B. Davttz. both of that city; Embry-Riddle passengers to Chicago included Harold Sampson and C. Murray, both of Chicago; Stout field visitors included Captain R. A. Day. Fairfield. O. Hoosler Airport—F. T. Dunn. Detroit, Mich., to St. Louis, Lockheed Three Routed From Beds by Fire Three persona were driven frorr their beda by smoke early today at a Are in the basement of the home of Fred Smith, 48. of 1819 Ash lane avenue, damaged floors of thra rooms, causing S3OO damage. Mrs. Smith, and Elmer Snyder, a cousin who rooms in the home, were th( other occupants of the house

New York Stocks ” (B* Thomson As McKinnon)

—Jin. 8— Prev. Railroad*— High. Low. IL3O. close. Atchison JJf Atl Coast Line .115 115 115 Balt Sc Ohio ... 78% 77% 77% 78 Chesa Sc Ohio 42% 42 42% 42 Chera Corp 42% 43 43% 42% Chi Qrt West 7% Chi Tt West 38 38 C R I 4t P 55 ! Del Sc Hudson 146 Erie 32% Erie Ist pfd .... 44 43 44 Great Northern. .. *.. . 63% 64 mmols Central. 78% 78 78 79 Kan City So 40% 41 Lou Sc Nash 104% MKAcT 21% 21% Mo Pacific 34 Mo Pacific pfd.. 91 ... 91 91 N Y Central ...120% 119% 120*/* 121 NY NH Sc H 88 Nor Pacific 56% 56% 56% 57% Norfolk Sc West. 204 203 204 203% O Sc W 7% Pennsylvania .. 61 60% 61 61% Reading 83 % So Pacific 101% ... 101% 102% Southern Ry 57% 56% 56% 58% St Paul 8 7% 8 8% St Paul pfd 13% 12% 13% 13% St L BP 50 49 Union Pacific ...187% 186% 187% 188 Wabash 21 21% W Maryland ... 16% 16 16% 16% West Pacific 11% ... Equipments— Am Car Sc Fdr . 33% 33% 33% 33 Am Locomotive. 26% 26% 26% 25% Am Steel Fd 28% Am Air Brake S ... 36% Gen Am Tank 59% 60% Oenera! Elec ... 46% 45% 46 45% Gen Rv Signal. 72 ... 72 72 Lima Loco 31% 30 31 29% Press Stl Car 4% Pullman 57 56% 57 56 Westlngh Ar B 34 34 Westingh Elec.. 93% 92% 93 93% Rubbers— Fisk % % % % Goodrich 16% 16 18% 16% Goodyear 44% 43% 44% 43% Kelly Sprgfld .... 1% 1% 1% 1% Lee Rubber ... 3% U S Rubber ..... 13 12% 13 13 Motors— Auburn 110% 108% 110 110 Chrysler 17% 17 17% 17 Gardner i% Graham Paige 4% 4% General Motors. 36% 36% 36% 36^ Hudson 23% Hupp 8% 8% Mack 38% 37% 37% 38 Marmon <,% Nash 29% 29 29% 29% Packard 9% 9% 9% 9% Reo 914 Studebaker 23 22% 22% 22% Yellow Truck .. 10% 10% 10% 10% Motor Access— Bendix Aviation 19% 19% 19% 19% Borg Warner ... 22% 22% 22% 22% Briggs 1874 18% 18% 18% Budd Wheel 9% ... Eaton 15 El Storage B 55% Hayes Body 4 4% Houda 5 % Motor Wheel 15% Sparks W 10% Btewart Warner 18% 18% Timken R 011.... 47% 47 47% 47% Mining— Am Metals ... ... 18 Am Smelt 45% 44% 45 45% Anaconda Cop.. 33% 32 32 33% Cal Sc Hecla 8% 8% Cerro de Pasco.. 24% 23% 237 b 24% Dome Mines 9Vi Freeport Texas 31% 32 Granby Corp 167a 16 Great Nor Ore 20% Howe Sound 24% Int Nickel .... 16 15% 15% 16 Inspiration 8% 18% Kennecott Cop.. 24% 23% 23% 24% Magma Cop 22% 22% 22% 23 Miami Copper.. 8% 8 8 8% Nev Cons 12 11% 11% 11% Texas GUI Sul... 49% 48% 49 48% U 8 Smelt 217a 21% 21% 21% Oils— Amerada 20% Am Republic 8 e Atl Refining 21% ... 21% 21% Barnsdall 12% 12% 12% 127a Beacon 10 10 Houston 9 Vi Indian Refining. .. ... 4% 4% Mex Sbd 14 13% 14 13% Mid Conti 16% 10% 16% 16V4 Pan-Amer (B 1 35 Phillips 15% 14% 14% 15% Pr Oil Sc Gas.. 17% ... 17% 17% Pure Oil 10% 10% 10% 107* Richfield 5% 5% 5% 5% Roval Dutch... 40 % 40% 40% 40% Shell Un 9% 9% 9% 9% Simms Pt 8 8% Sinclair 12 11% Skelly 12% 12% 12% 12% Standard of Cal 49% 48% 48% 43% Standard of N J 50% 50% 50% 50% Standard of N Y 24% 24% 24% 24% Texas Cos 35% 34% 35 74 35 Union Oil 247 b 24% 24% 24% Steels— Am Roll Mills .. 32Vi 32% 32% 32% Bethlehem 52% 52% 52 Vi 52% Byers AM 44 V? 43 Va 43% 44% Colo Fuel 24% Inland 60% 60% Ludlum 13 12 13 12'/a Midland 23 Vi Repub I& S .... 16% 15V* 16V* 15% U S Steel 143% 142% 142% 143 Vanadium 557a 54% 55% 54% Youngst SSc W. 24% 237i 23% 24% Tobaccos— Am Tob A (new) 110 110 Am Tob B (new) 112% HlV's 111% 111 Con Cigars 26 General Cigar.. .. 37 Lig & Myers B 57% 88% Lorillard 12% 12% 12% 12% Phil Morris 9 Reynolds Tob . . 42 41% 42 41% Std Com Tob 3% Tob Pr A 2% United Cig 4% ... Utilities— Abiti 5 11 Adams Exp 18% 18% 18% 18% Am For Pwr... 33% 32 <02% 32% Am Pwr & Li.. 49% 48% 49% 49 A T & T 185 184% 184% 185% Col Gas Si El.. 367 b 35% 36% 36% Com & Sou 9% 9 9% 9 El Pwr Sc Li.. 44% 43% 43% 44 Gen Gas A... 5% 5% 5% 5% Inti T & T.... 22% 21 Vi 22% 21% Natl Pwr Sc Li 34% 347* 34% 34% No Amer Cos 67% 66% 67 % 67 Vi Pac Gas & El.. 49% ... 497% 49% Pub Ser N J... 777a 77% 77% 78% So Cal Edison.. 49% 48% 48% ... Std G & E 1... 64% 83% 64% 63% United Corp 19% 18% 187a 18% Ut Pwr & L A.. 24% 237i 24% 24% West Union 1397a 139 Vi Shipping— Am Inti Corp... 20% 20% 20% 20% Atl Gulf & W I 38 Inti Mer M pfd 15% 15% No Gm Liovd 28% ... United Fruit... 58% 5877 58% 58% Foods— Armour A 4% 37's 4% 3% Beechnut Pkg 51% Cal Pkg 46% Can Drv 33% 33 V'* 33 Vi 33 Childs Cos 28 27% 28 27 j Coca Cola 149% 148% 149 148 Cont Baking A.. 22 21 31% 21% Corn Prod 80V* 80% 80% 80 Crm Wheat 28 Cudahy Pkg 43% Gen Foods 497a 49V* 4974 50 Grand Union 12 Hershey 90 91 Kroger 19% 19% 19% 20% Nat Biscuit 8174 80 % 80% 81 1 Pillsbury 28 Safeway St 44% 44% 44% 44% Std Brands .... 17% 17% 17% 17% Ward Bkg 4% ... Drugs— Coty Inc 9% Lambert Cos 83% 83% 83% 83 Industrials— Am Radiator ... 18 17% 17% 1874 I Bush Term 23% 23% 23% 23% Certainteed .... 3% 37* 3% 317 i Gen Asphalt ... 27 26% 2674 26% Lehigh Port 17 16 1 s Otis Elev 57 58% Indus Chems— Allied Chem . ..175% 173% 173% 175% Com Solv 1674 15% 16% 16 Union Carb ~ . 60% 59% 59% 59

Forty-low years without loss to any Investor 'ftSAFE INVESTMENT You can put Commonwealth Loan Company 7% Preferred Stock away in your safety deposit box and forget it—except for the quarterly dividsnd checks —pleasant reminders that your money is at work. Commonwealth Loan Company 7% Preferred Stock (Tax Exempt) ( Descriptive Circular on Request J. H. AUFDERHEIDE TVlrd Floor Guaranty Building Telephone Riley 3469 Established 18*7 . - ; ; : - I-

U 8 led Alco 64% 62% 62% 64% Retail Stores— Assoc Drv Gds.. 23% 23% 23% 23% Olmbcl Bros .. 4% Kresge 8 S 26% 26% Mav D Store 30% 30 30 30% Mont Ward .... 18% 18% 18% 18% ! Penny J C .. . 29% 29% 29% 29% j Schulte Ret St.. 5 4% 4% 4P I Sears Rry 50% 50 50 50% Woolworth . . 58% 58'* 58% 58V* Amusements— Bruns Balke 12% Col Graph 8% 8% 8% 8% Crosiey Radio ... 4% 4% Eastman Kod ..154% 153% 153% 155 Fox Film (At... 27% 27% 27% 28 Grigsby Grunow 4% 4% 4% 4% Loews Inc 48% 47% 48 *48% Param Fam 42% 41% 41% '42% Radio/Corp 13% 13% 13% 13% R K'O 1774 17 17 17% Bchubert 5% Warner Bros 16% 16 187* 167* Miscellaneous— Airway App 7% City fee Sc Fu 367a 36 Va Congoleum 8 Amer Can 114% 113% 113% 113% Cont Can 51% 50% 50 7* 50% Curtiss Wr 47a 4 4 Gillette 8 R .... 23% 23% 23% 23% Real Silk 26% I Un Aircraft... 26 257* 25% 25a Other Livestock By United. Press CHICAGO. Jan. B.—Hogs—Receipts, 50,000; including 9.000 direct; market active, weak to 10c lower than Wednesday's average; top. $8.15i bulk. 130-200 lbs., 38% 8.10; 210-300 lbs.. $7.55®7.90; pigs, *7.75® 8.10; packing sows. $6.35®6.75; light lights, 140-160 lbs., good and choice. *841.8.10; light weights. 160-200 lbs., good and choice, 57.6545 8.10; heavy weights, 250-350 lbs., good and choice. [email protected]; packing sows. 275-500 lbs., medium and good, $6.25 ©6.75; slaughter pigs, 100-130 lbs., good and choice. $.7.65®8.10. Cattle—Receipts, 9,000; calves receipts, 2,000: general market steady; strictly good and chooice steers very scarce; in demand up to *13.75 bid for strictly choice weighty bullocks; not much here of value to sell above sl2: bulk 58.50®11.50: slaughter cattle and vealers; steers 600-900 lbs., good and choice, $lO ©14.25; 900-1,100 lbs., good and choice, 510&14.25; 1.100-1.300 lbs., good and choice. $9.75®14; 600-1.309 lbs., common and medium, $6.25® 10; heifers, 550-850 lbs., good and choice, $8.25@12; common and medium, [email protected]; cows good and choice, $5.50®7.50; common and medium. $4.25®5.50; low cutter and cutter. $3®4.25; bulls yearlings excluded, good and choice beef. $5®6.25; cutter to medium, $4®5.65; vealers milk fed. good and choice. 59.50®12: medium, [email protected]; cull and common, S6®B; stocker and feeder cattle: steers. 500-1,050 lbs., good and choice, s7©9: common and medium, J5.50&7. Sheep—Receipts. 19,000; slow. steady to unevenly lower; decline on lnbetween grades fat lambs; bulk good and choice lambs to packers, [email protected]; early top to shippers. $9; some held higher; slaughter sheep and iambs; lambs 90 lbs. down, good and choice. $8.25©9.10; medium. [email protected]; all weights common, [email protected]: ewes 90-150 lbs., medium to choice, $2.50®4; all weights cull and common. $1.50®3: feeding lambs, 50-75 lbsl, good and choice. $7®7.75. By United Press EAST ST. LOUIS. HI.. Jan. B.—Hogs Receipts. 13,500; market, steady to 10c lower; top. 58.25; bulk, 140-210 lbs., sß© 8.15: 215-260 lbs.. $7.70®7.90: 100-130 lbs.. 57.25@8: sows. 5606.25. . Cattle—Receipt.*, 2,000: calves. 800; market, generally steady: a few steers. $8.70®9.55; mixed yearlings and heifers, 56.50 0 9.50; cows. $4.25®5.25: low cutters. 52.75©3; medium bulls. *5.25* down; good and choice vealers, sl2. Sheep —Receipts. 2,000; market. fat lambs opened 25c higher to city butchers; choice lambs. $8.75; common throwouts, ss®6; fat ewes. $3.50 down. By United Press CLEVELAND. Jan. B.—Hogs—Receipts. 1.300; holdover none, mostly 10c lower; bulk 210 lbs. downward to $8.50; 220-250 lbs.. $8.15; 250-300 lbs., $7.90; average. $7.50. Cattle—Receipts. 300; fairly active, fully steady; bulk steers. $8.25 downward; packers, medium to good. $10.50; bulk fat cows, [email protected]; cutter grade. $2.750 4. Calves —Receipts. 350; vealers. opening 50c to $1 lower: good to choice mostly sl3 downward, sparingly to $13.50; common to medium. [email protected]; culls downward to SB. Sheep—Receipts, 1.300; active to local killers. 25@50c higher; good to choice lambs largely [email protected]; $8.50 paid for a very few; most common to medium throwouts. $7.50@8. B.y Times Special LOUISVILLE. Jan. 8. —Hogs—Receipts, 500; market, 10c lower: 300 lbs. up, $7.40; 225 to 300 lbs., $7.75; 160 to 225 lbs.. $8.15; 130 to 160 lbs., $7.75; 130 lbs. down. $7.15; roughs, $6.15; stags. $7.15. Cattle—Receipts, 100; market, steady; prime heavy steers, [email protected]; heavy shipping steers, $7.25%8.5Q: medium and plain steers, s6® 7.25; fat neifers. s7@lo; common to medium heifers, ss® 6.50; good to choice cows, 54.50®5.50; medium to good cows, $3.75© 4.50; cutters. [email protected]; earners, s2@3; 'Alls. $3.50@5: feeders, [email protected]; Stockers. s4©6; medium to good feeders, $5.50® 6.50. Calves—Receipts. 200: market, steady; good to choice s9®>lo; mediums. s7@B; common to medium, s4@6. Sheep Receipts, 50; market, steady; ewe and wether lambs, $8: buck lambs. $7: seconds, $5 down; clipped sheep, $5 @6.50. Wednesday’s shipment. cattle, 52; calves, none; hogs, 180; sheep, none. By United Press CINCINNATI, 0.. Jan. B.—Hogs—Receipts. 2.300; 120 holdover; slow, weak to l'jc lower; mostly 10 c' to 15c lower on 220 lbs. dowm; bulk better grade 150 to 230 lbs.. [email protected]: mostly, $8.40 on 200 lbs., down; 235 to 250 lbs. mostly, $8; 270 to 290 lbs.. [email protected]; 120 to 140 lbs.. SB@ 8.25; sows, steady: mostly. $6.25. Cattle — Receipts, 450; calves. 225; slow, about steady: odd lots lower; in-between grades steers and heifers. [email protected]; beef cows largely, $4.75®5.75; bulk low cutters and cutters, S3@4; bulls slow. $5.75 dowm; vealers steady to weak: good and choice sll® 12; lower grades. $10.50 down. SheeD —Receipts. 450: generally steady; spots 25c higher, on best train lambs one deck of choice around 80 lb. averages. $9.25, others $8.50@9: heavy weights downward to $6.50; common and medium, [email protected]; fat ewes, s2@3. / By United Press FT. WAYNE. Ind.. Jan. B.—Hogs Market. 10c lower: 100-140 lbs.. $7.85; 140160 lbs.. $8.10; 160-180 lbs.. $8: 180-200 lbs.. 57.90: 200-225 lbs.. $7.80; 225-250 lbs., $7.65; 250-275 lbs.. $7.50; 275-300 lbs.. $7.40: 300-350 lbs., $7.25; roughs. $6.25; stags. $4.50;. calves. sl2: lambs, $8.25. By United Press PITTSBURGH. Jan. B.—Hogs—Receipts. 2.500: market slow. 15 to 25c lower: 130190 lbs.. $8.60©8.70; 200-240 lbs.. $8.25® 8.50: 250-300 lbs., 57.75@8; packing sows, about steady: better grades. [email protected]. Cattle—Receipts. 25: no early trading. Calves—Receipts. 100; mostly, steady; good and choice vealers. largely [email protected]. Sheep—Receipts, 1.250; market, active; fat lambs. 25c higher; good and choice and light and medium weights. 58.5009.25; aged stock, strong; wethers. $4.50 freely. By United Press EAST BUFFALO. N. Y.. Jan. B.—Hogs Receipts. 1.500: holdovers. 400: weights below 200 lbs., fairlv active, others draggy. generally steady to 10c lower; bulk desirable 170-200 lbs.. [email protected]: weights, below 150 lbs.. $9; 220-250 lbs.. 58.30© 8.65; packing sows. 56.40@7. Cattle—Receipts. 75; steady to 25c higher: common and medium steers. $8.50® 8.60: cutter cows. $2.50 04. Calves —Receipts. 150: vealers. unchanged $13.50 down. SheepReceipts. 600: lambs, active 10-25 c higher: bulk better lots. $9.35: medium kinds and strong weights, [email protected]; throwouts, $7.50.

THE INDIANAPOLIS TIMES

PORK MARKET OFF 20 CENTS AT CITY YARDS Cattle Prices Are Mostly Steady; Sheep, Lambs Sell Higher. HOGS Dee. Bulk. Earlv Top. Receipts 31. $7.60® 8.30 $l3O 8,500 J 2. n ' 8.35© 8.40 8.40 6.000 3. 7.05© 8 40 8.40 3.000 5. 7.40© 8.15 8.15 8.000 6 7.50© 8.20 8.25 7.000 7 7 70© 8.40 8.40 6.000 8 7.50© 8.20 8.20 8.500 Hog prices today at the Union \ Stockyards were generally 20 cents ; lower than Wednesday’s average. 1 The bulk, 100 to 300 pounds, were selling at 57.50 to $8.20. Receipts were estimated at 8.500. Holdovers, 173. Cattle market slow, with general trade about steady. Receipts were 1,100. Vealers were mostly unchanged. selling at sl2 dowm. Receipts, 600. Sheep and lambs were strong to 25 cents higher than Wednesday’s best time. Better grade of good and choice lambs were selling at $8.50 to $9. Receipts, 1,600. Chicago hog receipts, 50.000, including 8,000 directs. Holdovers, 2,000. Very little done, generally asking fully steady with Wednesday’s averages. Pew’ early bids and sales 5 to 10 cents lower. Numerous loads, 170 to 210 pounds, sold -t $8; early top, $8.05; some held higher; 270 to 280 pounders sold at $7.60. Packing sows strong; few sold at $6.50 to $6.60. Cattle receipts, 9,000. Calves, 2,000, and steady. Sheep receipts, 19,000. and steady.

HOGS Receipts, 8,500; market, lower. —Light Lights—-(l4o-160) Good and choice ...$ 8.20 —Light Weights—-(l6o-180) Good and choice ... 8.20 (180-200) Good and choice ... 8.15 —Medium Weights—-(2oo-220) Good and choice ... B.oo© 8.10 (220-250) Medium and good .. 7.75© 8.00 —Heavy Weights—-(2so-290) Good ana choice ... 7.50© 7.55 (290-350) Good and choice ... 7.25® 7.50 —Packing Sows—-(27s-500) Medium and good .. 6.00® 6.75 (110-130) Slaughter Pigs B.oo® 8.20 CATTLE (Slaughter Class) Receipts, 1,100; market, steady. Good and choice $11.00©13.50 Common and medium 6.75® 11.00 (1.100-1.500) Good and choice :0.50®13.00 Medium [email protected] —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 4.00® 5.50 Low cutters and cutters 2.75© 4.00 —Bulls (yearlings excluded' Good and choice beef 1 "o@ 6.25 Common and medium ' '9© 4.50 CALVES AND VEALERS Receipts, 600; market, steady. Good and choice [email protected] Medium 7.00® 11.50 Cull and common 5.00® 7.00 —Calves—-(2so-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 (800-1.500) Good and choice 6.500! 8.50 Common and medium 4.75® 6.50 SHEEP AND LAMBS Receipts, 1,600; market, higher. Good and choice $ 8.25® 9.00 Common and medium 6.00® 8.25 —Ewes— Medium and choice 2.50® 3.75 Cull and common I.oo® 2.50

$150,000,000 in North American Trust Shares Have Been Purchased by Investors We Shall Be Glad to Furnish Further Information PFAFF and HUGHEL INCORPORATED LI ncohi 2565 129 E. Market St. INDIANAPOLIS Fill in and mail coupon for complete information. Name Address

The City in Brief

FRIDAY EVENTS Optimist Club luncheon. ClaypooL Altrasa Club luncheon. Columbia Club. Knirhts of Columbus luncheon, SpinkArms. Phi Delta Theta luncheon. Chamber of Commerce. First Ward Republican Club, meeting, 8 p. m., Clark's hall. Indianapolis Round Table luncheon, Lincoln. Master Painters’ Association luncheon. Antlers. Delta Tau Delta luncheon. Colombia Clnb. Delta Chi luncheon, Spink-Arms. Resehrve Officers’ Association luncheon. Board of Trade. Marshall D. Lupton. vice-presi-dent of the Beveridge Paper Company, was named chairman of the freight and traffic committee of the Indianapolis Chamber of Commerce today by President Louis J. Borinstein. Hugh J. Baker, president of Hugh J. Baker & Cos., was chosen president of the military affairs committee. Names of approximately fifty prospective bidders on the new United States Veterans’ hospital to be built in Indianapolis have been obtained from Washington by William H. Book, civic affairs director of the Chamber of Commerce. The list is available to subcontractors at the Chamber of Commerce. “World Peace” was to be discussed before the Murat Caravan Club in Murat temple today by Dr. W. P. Dearing, Oakland City college president. Club officers recently elected are: John T. Saulter, president; Paul Mathews, vice-presi-dent; Homer L. Cook, secretary, and Arthur S. Kimber, treasurer. A committee of the Indianapolis Apartment Owners’ Association was to meet today at the Spink ■•Arms to discuss bills pertaining to apartments which will come before the general assembly. Thomas D. McGee is chairman. The Indiana Berkshire Breeders’ Association Wednesday decided to continue the futurity show in conjunction with the state fair. E. B. Moore, Sheridan, president; E. J. Barker, vice-president, and E. R. Wise of Westfield, secretary-treas-urer, were re-elected. Paul Randall, Noblesville, and Raymond Talbott, Indianapolis, were named directors. Officers of the Mutual Insurance Association of Indianapolis elected at the annual meeting Wednesday in the Columbia Club were: Jacob E. Shewmon, president; Robert D. McDaniel and Glenn T. Beall, vicepresidents; Miss Marie Larrick, sec-retary-treasurer, and J. P. Cook, Charles T. Coats, and Carl S. Jones, advisory board. Appointment of E. G. Clark, 5223 Park avenue, as sanitary department inspector, was made today by the board. He succeeds Horace Power, resigned. This board this afternoon viewed trucks on which bids were submitted last week. Newly elected officers of the Indianapolis Casting Club began plans today for participation In a sports show to be held in the Manufacturers building at the state fairground, March 7-14. The club reelected Merrel R. Alvis and E. A. Nelson, president and vice-president, respectively, and H. J. Walker, sec-retary-treasurer.

WHEAT PRICES ARE LOWER IH LIGHT TRADING Failure of Foreign Markets to Advance Holds Grains Down. By United Press CHICAGO, Jan. B.—Grain prices weakened slightly as the Board of Trade opened today. Wheat was off a small fraction with July leading, largely in sympathy with corn and the failure of foreign markets to respond to advances Wednesday. Also, there was some profit taking. Liverpool opened higher, but was not as strong as expected and reported less confidence on every advance. Buenos Aires was lower. Com met some selling in the way of profit taking and was weak, a major fraction down. Oats followed corn in a light trade. Grains Are Lower At the opening wheat was % to % cent lower, corn was % to % cent lower and oats were to % cent lower. Provisions were slow and steady. Firmness in the May wheat at Chicago and Winnipeg Wednesday was attributed to new buying which offset the light offers. There was some short covering on the strength in corn. July wheat went tq a small premium over Liverpool after being under that market for some time. The market still lacks an incentive for buying activity, but there is no inclination to sell owing to the cheapness of the grain. Members of the board Wednesday defeated the proposal to extend trading hours until 2 p. m., this move having lost several times in recent years. Com Receipts Off Receipts of corn at terminals is but one-half as large as a year ago. The market has a strong tone, but selling appears on any unfavorable news. Reports that the east was buying in Indiana at 3 cents under Chicago prices had a temporary weakening effect Wednesday. Oats have a steadier tone than the other grains. Trading is not large, but a good cash demand takes care of all the receipts. Chicago Grain Table —Jan. 8— WHEAT (old) Prev. High. Low. 11:00 close. Mar 80% .80% May 81% .81% July 66% .65% .66 .66% CORN (old) Mar 72 .71% .71% .72% May 73% .72% .73 .73% July 74% .73% .73% .74% OATS (old) Mar 34 .33% .33% .34% May 34% .34% .34% .34% July 33% RYE (old) Mar 42% .41% .41% .43% Mav 43% .42% .43 .44% July 43V* .43 .43% .44% LARD— Mar 9.00 9.00 Mav 9.15 9.17 July 9.30 By Times Special CHICAGO. Jan. B.—Carlots: Wheat. 31; corn. 66; oats. 27.

Continental Illinois BANK AND TRUST COMPANY CHICAGO Statement of Condition at Close of Business, December 31,193 G RESOURCES Cash and Due from Banks • . . # 208,925,366.73 United States Government Securities . 154,733,281.85 Other Bonds and Securities . . . 110,643,109.71 Loans: Demand . #261,741,265.47 Time . . 379,534,947.54 , 641,276,213.01 Stock in Federal Reserve Bank . . 4,200,000.00 Customers’ Liability under Letters of Credit . 20,454,330.21 Customers’Liability under Acceptance* . • 36,499,354.15 Other Banks’ Liability on Bills Purchased and Sold 53,740,692.00 Interest Accrued hut Not Collected • 3,511,437.17 Bank Building 15,000,000.00 Other Real Estate ...... 260,359.19 #1,249,244,144-02 LIABILITIES Capital # 75,000,000.00 Surplus . . 65,000,000.00 Undivided Profits 7,189,636.35 Reserve for Contingencies .... 10,000,000.00 Reserve for Dividend Payable Jan. 1 . 3,000,000.00 Reserve for Taxes and Interest . . 11,283,173.99 Deposits: Demand . #693,248,631.60 Time . . 271,219,508.66 964,468,140.26 Liability under Letters of Credit . . 21,430,215.56 Liability under Acceptances . . . 36,973,866.64 Liability on Bills Purchased and Sold . 53,740,692.00 Discount Collected but Not Earned 1,158,419.22 #1,249,244,144.02 Invested Capital . • Over # 170,000,000* Deposits # 964,468,140 Resources #1,249,244,144 ■ .... - ... Continental Illinois Company Capital #20,000,000 * Tttt capital stock of the Continental Illinois Company is held in trust for the stockholder, of the Continental Illinois Bank and Trust Company

Investment Trust Shares

(By R. H. Gibson Cos.) —Jftn. 7 PRICES ARE TO 13 NOON C. S. T. Bid. Ask Amer Founder's Con> c0m.... 4% 5% Am & Gen Sec A 13% 14 Am Inv Trust Shares 5% 5% Accumulative Trust Shares.... 7% 8 Basic Industry Shares 6% 7 Corporate Trust Shares 5% 6% Diversified Trustee Shares A..% 17% First American Corn 7% 8-> Fixed Trust OH Shares 5% 6% Fixed Trust Shares A 15% ... Inv Trust N Y 7% S% Leaders of Industry Series A. 8 Nation Wide Securities 6 s * 7% National Industry Shares 6% 6% N Am Trust Shares 5% 6S Sel Am Shares 5 S% Shawmut Bank Inv Trust 7_ 8 Universal Trust Shares 5% 0% S W Strauss Inv Units.... 45 54 Suoer Cos of Am Tr Sh A 7% 7% Fundamental Trust Shares A. 7 7% Fundamental Trust Shares B 7% 7% U S Elec Light & Pwr A 29 31

New York Bank Stocks

(By Thomson Sc McKinnon) —Jan. 7 Bid. Ask. America ...' 61 64 Bankers 115 118 Brooklyn Trust *. 510 520 Central Hanover ...252 257 Chase National 97 100 Chatham Phoenix National .. 76 79 Chemical 48% 50% City National 96 99 Corn Exchange 130 134 Commercial 275 290 Continental .' 23 26 Empire 54 57 First National 3 925 4,125 Guaranty 481 486 Irving 36% 38% Manhattan Sc Cos 87% 90% Manufacturers 46 46 New York Trust 159 164 Public 60 63

New York Curb Market

(Bv Thomson & McKinnon) —Jan. 8 — 11:30 11:30 Am Com Pwr 13 Int Pete 15% Am Gas Sc El.. 57% Midwest Ut 20 Am Lt Sc Tr... 45 Mo-Kan Pipe.. 8% Ark Gas 6% National Inv .. 5% Brazil P & L.. 22% Newmont Min .. 51 Can Marc 3% Nia Hud Pwr... 10% Cities Service.. 18 Noranda 15% Durant Motors. l%;Penroad .. 7% Elec Bond 5... 44%iSalt Creek 7% Ford of Eng... 15% Sel Indus 3% Ford of France 8 Std of 1nd..... 38 Fox Theater .. 4% Std of Ky 22% Goldman Sachs 6% Un Gas (new) .. 8% Gulf Oil .... 74% Un Lt Sc Pwr... 24% Humble Oil ... 63%!Un Verde 10 Ind Terr (A)... 15%’Vacuum Oil 58% Int Super 23 I Chicago Stocks Opening (By James T. Hamill Sc Cos.) —Jan. 8— Asso Tel Ut 22% I Elec Hshld 26 Bendix Avia 19% Insull com ... 33 Borg Warner... 22% Insull 6s 1940.. 88% Cent So West.. 19 Lynch Glass.... 15% Cord Coren 6% I Man Hshld 6% Con Ch Cp com 7% Marshal Fields.. 39V* Con Ch Cp pfd 38%IMiddlew com... 20 Cheo Sec 16%!Swift & Cos 29% Grigsby Gru... 4%ju S Radio & Tel 16 Houdi A 12 I

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

We Real Estate Preferred 801 Fletcher Buy and Stocks and Bonds American Bldg Sell ZAISER & ZAISER

.JAM. & 1931

ATTORNEY FOR CITY INSURANCE COMPANY DIES Extended Illness Fatal to William P. Herod, 66: Rites Not Arranged. William Pirtle Herod. 66, general counsel for the Grain Dealers Mutual Insurance Association, died early today in Methodist hospital following Illness of several months. Born in Columbus. Ind., Mr. Herod came to Indianapolis as a boy, and was educated here in public and classical schools before entering Yale university, from which he was graduated in 1836. He entered law offices of his father. William W. Herod, here, and later was a partner in the firm of Herod &, Herod. In recent years he gave up private practice to assumi his connection with the insurance firm. Since the death of his wife. Mrs. Mary Applegate Herod, in 1923. Mr. Herod lived at the Indianapolis Athletic Club. He was a member of the club, of Woodstock Country Club, Indianapolis Dramatic Club. Yale Club of New York, University Club of Chicago, and the Indianapolis Bar Association. During the war Mr. Herod served with the intelligence department of the War college. Washington, D C Survivors are two sons, Bergen Herod. Buffalo. N. Y., and William Rogers Herod. New York; a daughter, Mrs. Mary Herod Graves. Buffalo, and two sisters, Mrs. H. G. Keays, Elkhart, 111., and Elizabeth Herod Baldwin, Parkersburg, W. Va. Funeral arrangements have not been completed. Marriage Licenses Archie M. Lovell. 51. Dayton. C . engineer, and Anna K. Wh'tson. 32. ) North Oaklandon. dressmaker William F, Groh. 36. Ft. Wayne, me--chant, ana Gladys J. Morar, 25. 1223 Oakland. William Fletcher, 26. of 1825 Broadway, salesman, and Betty M. Thorne. 23, 1825 Broadway, clerk. Richard Moore, 23. 947 Paca. painter, and Gertrude Hudson. 18. 1806 Arsenal.