Indianapolis Times, Volume 42, Number 209, Indianapolis, Marion County, 9 January 1931 — Page 18

PAGE 18

RAIL STRENGTH LEADS STOCK PRICESHIGHER Auburn Sends Motor Shares Upward in Active Session.

Average Stock Prices

<M V i-Ww/ h,rty . for ThursrJL Ul> , 15- Averatre of twenty utlliM^Vi 04 iVi. up 70 Average of twenty 0f forty B’s L Hitm Press NEW YORK. Jan. 9.—Railroad stocks featured the opening on the stock exchange today, rising fraction* to six and a half points while industrials moved in a narrow range, the majority slightly higher. Trading was fairly active. Pittsburgh and West Virginia soared 6'- points to 76%, while Atchison was 191 Va, up l 3 *; Penna 61%, up Baltimore & Ohio 79%, up %; N. Y. C. 122, up %, and Chicago, Northwestern 39, up Vs. United States Steel opened unchanged at 144% and then eased to 144. General Electric, Montgomery Ward. Warner Brothers Pictures. Pox Film A, and American Can made small gains. Auburn Auto led the motors with a rise of a point to 111%. Western Union featured the communications *'t 147%, up 4%, while Postal Telegraph preferred rose 2 points to 38%. Kennecot was firm in the coppers despite a reduction of % cent in the export price of the metal. Utilities generally were higher With Standard Gas up a point at 66 and smaller gains in Consolidated Gas, Public Service of New’ Jersey, Electric Power and Light and North American. Oils were about steady as were steels and the majority of motor shares. Allied Chemical lost three points to 170. Other losers included RadioKeith -Orpheum, United Aircraft, National Power and Light, International Telephone, Trans-America, United Corporation, Phillips Petroleum, Chrysler, Commonwealth and Southern. Anaconda and American and Foreign Power, all of them off fractionally. R. H. Macy rose 1% to 91% to lead the mercantile division.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 9 Clearings $ 3,316,000.00 Debits 6.449.000.00 TREASURY STATEMENT —Jan. 9 Net balance for Jan. 7 $268,400,592.90 Expenditures 10,082.885.19 Customs rects month to date 4,720,189.48 CHICAGO STATEMENT —Jan. 9 Clearings $74,200,000.00 Balances 7,600,000.00

New York Curb Market

—Jan. 9 Am Com Pwr.. 12%jM0 Kan Pipe 9 Am Gas & El.. 78% National Ac.... 5V* Ark Gas UVa National Inv .. 4% Aviation of Am 23% Nla Hud Pwr .. 10% Brazil P & L... 23% Penroad 7% Can Marc 2%; Salt Creek 7% Cities Serv .... 18' t Sel Indus 4 Cons Gas .... 83% Shenandoah .... 4V Cord 6% Std of Ind .... 38Ve Durant Mot ... 1% Std of Ky .... 22% Elec Bond Sh .. 45% Un Gas (new). 9Va Ford of Eng... 15% Un Lt & Pwr... 24% Goldman Sachs 6% Un Verde 9V Hudson Bay .. 4% jut Pwr 10Vi Int Pete 15'*'Vacuum Oil ... 62% Midwest Ut ... 20%!

Investment Trust Shares

(Bv R. H. Gibson St Cos.) —Jan. 9 PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amer Founder’s Corn c0m.... 4% 5% Am & Gen Sec A 13 H 14 Vs Am tnv Trust Shares 5W 5% Cumulative Trust Shares 7% 8 Basic Industry Shares 6% 7Vi Corporate Trust Shares 6 6% Diversified Trustee Shares A.. 17 17% First American Corn 7% 8% Fixed Trust Oil Shares 5% 6% Fixed Trust Shares A.. 15 ... ... Tnv Trust NY 7% BVi Leaders of Industry Series A.. 8 Nation Wide Securities 6* 7V4 National Industry' Shares 6% 6% N Am Trust Shares 6 6% Sel Am Shares 5% 5% Shawmut Bank Inv Trust 7 8 Universal Trust Shares 5% 6% S W Strauss Inv Unit 5....... 45 54 Super Corn of Am Trust Sh A 7V 7V, Fundamental Trust Shares A. 7 7% Fundamental Trust Shares B. 7% 7% U S Elec Light St Pwr A 29 31

New Yoek Bank Stocks

(Bv Thomson & McKtnnoni —Jan. 8— Bid. Ask. America 60'„• Banker? J}* Brooklvn Trust 510 a2O Central Hanover ii 9 254 Chase National ......... 9J-j IOOJs Chatham Phoenix Natl.... 75£i - Cltv National 95’.: 98*2 Corn Exchange I*9 133 Commercial 2'o 285 Continental 21 24j, Fronlw •• .•.••••••• 2 54 /z First National 3.950 4.150 Ouarantv 4 ™ *22 Manhattan * Cos 89 92 Manufacturers New York Trust 158 1M Public Chicago Stocks Opening IBy James T. Hamiil & Cos.! —Jan. 9 i.scu Tel Util. 22 9 Insull 6s 1940. .. 89 fiandix Avia ... 193, Majestic Hsehld 6> 2 Bora Warner .. 22’, Marshall Fields 30> a Cent So* West.. 191. Midland Utd c 21> a Cord Corps ... 6 3 , Middlesest com 20’b Conti Chi Cor c 7 s * Swift Internatl. 36’, Orhreby Orunow 4>.,U S Radio & Tel 16 Flec Hsehold.. 36 Util & Ind com 74. iSsuU c0m.... 84HUM1 * Indu pfd 18*, Insull pfd 84 Zenith Radio .. 3 New York Liberty Bonds —Jan. 8— 4th 4&S i... 103..26 Treasury 4*48 112.30 tEwS" sKa .. 106.29 Treasury 3’s of 102.29 Treasury 3*s of 43 102.19 BUND TO RULE TRAFFIC White Canes Will Warn Motorists of Walkers Lack of Sight. By Vnited Press JEFFERSON CITY, Mo., Jan. 9 White canes soon will be the highest authority in guiding traffic here. The Jefferson City Blind Asosciation will provide blind persons with white walking sticks in order that motorists may recognize them. more german jobless 4,157,000 Unemployed Jan. 1, 380,000 Gain Since December. BERLIN, Jan. 9.—Unemployed in Germany on Jan. 1 numbered 4.357,000, according to official figures issued today. This was ah increase of 380.000 since mid-Decem-ber.- Unemployed on Jan. 1, 1930, , toUied 2,851,000.

New York Stocks

RJlro*d*— Prer. High. Low. 11:30. close. Atchison 191% IM4 190% 1*9% Atl Coast Line 114, Balt Ac Ohio .... 19% 7? 79% 75% ! Cheaa * 0hi0... 43 41% 41% 43 I Chesa Corp 43% 43% I Chi Ort west - •% Chi N West 40% 39 40% 38% C R I Ac P .... 37V. 38 51% 55 I Del L& W 99% 99 99 103 Del Ac Hudson ..14 146 148 145% Erie 33% 32% 13% 33% Erie Ist pfd 45 45 ' Great Northern 64% Gulf Mob A- Oli 82 79% 80Vi 79 iCan City 50... . 40 Lou Ac Hash .107 108 106 104 M K A T 21% 31% 21% 31% Mo Pacific 33% Mo Pacific pfd.. .. 91 Vi N Y Centra!.... 132% 121% 131% 121% NY NH 4 H 87 Nor Pacific . 57% 37% 57% 57% Norfolk A; West 204 O Ac W ... 6'i Pennsylvania ... 61 % 11 61 Vi 61 Reading 83 % Seaboard Air L. 1 % 1 So Pacific 102 101% 101% 101% Southern Ry.... 60 58% 59% 57% St Paul 8% B’/a St Paul Dfd... . 13% 13% 13% 13% St L & S P 43 Union Pacific ...188 188% 188% 188 Wabash 31 21 Vi W Maryland ... 18% 16% West Pacific ... ... 13 Equipment*— Am Car Ac Fdv 33% 33 Am Locomotive.. ... ... 36% Am Steel Fd... 28% 28% 28% 28 Am Air Brake S . 36% ... Gen Am Tank.. 60% 60% 60% 60 General Elec. . 46% 45% 45Va 46V* Gne Rv Signal.. .. . 73% 73% Lima Loco 31% 31 31% 31% Press Stl Car. . 5% 5% 5% 4% Pullman 58 56% 56% 57% Westlngh Ar B 34 34 Westingh Elec.. 93% 92% 93% 93% Rubbers— Fisk % % % % Goodrich ....... 16V* ... 16% 16% Goodyear / 45 ... 45 44 % Kelly Spreftd.... 11 ... 11 iji Lee Rubber 3% U S Rubber 12% Motors— Auburn 113% 110 113y2 110% Chrysler 17% 16Vs 17% 17% Gardner 1% 1% Graham Paige. 4% ... 4% 4% General Motors 37% 36% 37% 36% Hudson 25% 23 Vi 25% 23'a Hupd 9% 8% 9% 8% Mack 39% 39 39 38% Marmon 7% 6% 7% 6 Nash 31 30% 31 30 Packard 9% 9 V* 9% 9% Pierce-Arrow 20 ... Reo 9% 9Vi 9% 9% Studebaker . . 24% Yellow Truck . . 10% 10% 10% 10% Motor Access— Bendix Aviation 20 18% 19% 19’a Borg Warner.... 23% 22V* 33h 22% Briggs 18% 18% 18% 18% Budd Wheel 9% 9% 9% 8% Eaton . / 15% 15% 15% 15% El Storage B 55 Vi Haves Body * . Houda Motor Wheel 1® Sparks-W 19,, 19,, Stewart Warner. 18% 18% 18% 18% Ttmkln Roll 47% 47 47% 47 Mining— Am Metals • Am Smelt 45% 44v* 4SV4 4o^ Anaconda Cop. 32% 31% 32% 32% Cal & Hecla 8% 8% Cal Ac Arlz , ... , 37% Cerro de Pasco . 24% 23'a 24% 24 Dome Mines 9% 9% Freeport Texas .. 32 ... 32 31 a Granby Corp 15% 18, i Great Nor Ore 20% 20% Howe Sound .... ... f J , Int Nickel 16% 15% 16 16% Inspiration .... 8% *% Kcnnecott Cop.. 24% 23% 24 23 Magma Cop ... 22 ... 22 22 * Miami Copper... 8 ... 8 7% New Cons 11. .• • 11 ri% Texas Gul Sul. 49% 48/a 49 49 U S Smelt 21% Oils— Amerada 20 '/a ... 20•/ ... Atl Refining .... 22 ... 22 21% Barnsdall 13% ... 12% 12% Beacon 10 .... 10 10 Houston 8% ... 8% 9% Indian Refining 4% ... 4% 4% Lago Oil 13% 13% 13% ... Mex Sbd }3% Mid Conti 16% Pan-Araer <B>.. ~ ... .■• 36 Phillips 15% 14% 14% 15% Pr Oil & Gas ... 17% ... 17% 17% Pure Oil 11 Richfield 5% 5 5 5% Royal Dutch .... 40% 4040% 40% Shell Un 9% 9y* 9Vi 9Vi Simms Pt 8 Stnclalr 12 11% 12 12 Skelly 12% Stand of Cal ... 49% 49% 49% 49% Standard of NJ. 50% 50% 50% 50% Stand of N Y... 24% 24% 24% 24% Texas Cos 35% 35% 35%. 35% Union Oil 26% 35Va 26% 25 Steels— Am Roll Mills.. 32Va SIV, 31% 32 Bethlehem 53% 52% 53% 53% Byers A M 45% 44% 45% 44% Colo Fuel .... 26% 26% 26% 25% Inland 60% 60 60 60% Ludlum 14% 13% 13% 13% Midland 23% 23% 23% 23% Newton Id Republic lAc S. 19% 17% 13% 18% U S Steel 144% 143% 144% 144% Vanadium 55% 54*/i 55% 55% Youngst SAc W.. .. 24 Am°Tob C A*Tnew) 110 109% A Tob B (newt 112% 110% 112% 111% Con Cigars .... 29% 37% 29% 37% General Cigar.. 38fi 37% 38% 37% Lig & M <8)... 90% 88% 90% 88% Lorillard 13% 13% 13% 13 Phil Morris 9 Reynolds Tob... 42 ... 42 42 Std Com Tob 3 Tob Tr A 11 United Cig 4% Utilities— Abitibl 12%, 11% 12’a 11% Adams Exp .... 18% 18% 18% 18% Am For Pwr.... 34% 33*% 34% 34% Am Pwr & Li.. 50% 50% 50% 49% AT&T 187 186 187 186% Col Gas & E 1.... 37% 36% 37% 36V, Com & 50u.... 9% 9 9% 9% El Pwr & Li.... 45% 43% 45%. 45 Gen Gas A 5% 3% 5% 5% Inti T & T.... 24% 23% 24% 24% Natl Pwr & L 1... 35 34% 35 35% No Amer Cos .... 69% 67% 69% 67% Pac Gas & El 48% 48% Pub Serv N J.... 78 7% 78 77% So Cal Edison 48% 49 Std G & El 66% 65% 66% 65 United Corp .... 19% 19% 19% 19% Ut Pwr & L A.. 24% 34% 24% 24% West Union ....147 145% 147 143 Am*lnll*Corp.... 21% 31 31% 20% Inti Mer M pfd.. .. ... 15% 15% United Fruit... 59% 59 59% 58% Foods— Am Sugar ’ ... 50 50 Armour A 3% 3% Cal Pkg 47 Can Dn 33% ... 33% 33% Childs Cos ~ 28 Coca Cola ...... 152% 191 151 151% Cont Baking A.. 22% 21% 21% 21% Corn Prod 79% 78% 79Vi 80 Cudahy Pkg 43 Gen Foods 50% 49% 50% 50 Grand Union ... 12 Hershey 88 Jewel Tea ... 40%

Produce Markets

Eggs (Country Run'—Loss off delivered In Indianapolis. 20c: henery 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 5 lbs.. 15c: ducks, springers. 11c: old cocks. 9@llc: ducks, full feather fat white. 11c: geese, lie. These prices are for No. 1 too Duality auoted bv Kingan * Cos. Butter (wholesale)—No. X, 31®31c: No. 2. 30® 31c. Butterfat—2sc. Cheese (wholesale selling orlee per pound)—American loaf, SXc: pimento loaf. S2cc: Wisconsin firsts. 27c: Longhorns. 34c: New York Llmberger. 36c. Bu Vnited Press NEW YORK. Jan. 9.—Potatoes—Market steady to Arm: Long Island. $1.85®4 bbl.; Maine. $3®3.75 bbl.: Idaho, 45c®$3 sack; Bermuda. $7®9.50 bbl.: Canada. 75c(ft. $3.85 bbl.: southern crate. $1.50®3.25. Sweet potatoes—Market quiet; Jersey baskets. 70c®52.75; southern baskets. $1.05® 1.75. Flour—Market steady and unchanged: spring patents, [email protected] bbl. Pork—Market quiet; mess. $28.50. Lard— Steady; middlewest spot. [email protected]. Tallow—Steady; special to extra, 4 l ,®4Vic. Dressed poultry—Market steady to firm: turkeys. 30®44c: chickens. 20®39c; capons. 25((i44c: fowls. 14®28c: ducks. 13® 23c; Long Island. 22®23c. Live poultry—Market firm; geese. 13@22c; ducks, 14@32c; fowls, 33529 c: ibrkevs. 30®40c; roosters. 14®15c: chickens. 20®26c; capons. 22®40c; broilers, 35&45c. Cheese—Market, steady: state whole milk; fancy to specials, 18@ 22'iC! young Americas. 17@2©e. By United Press CHICAGO. Jan. 9.—Eggs—Market steady: receipts. 6.388 cases; extra firsts. 27c: firsts. 24Vi®25c: ordinaries. 18®22c: seconds. 12®16c. Butter—Market firmer: receipts. 6.768 tubs: extras, 27’ac; extra firsts. 26®26'jc: firsts. 25®25 , 'jc: seconds. 23®24e; standards. 27VaC. Poultry—Market steady: receipts. 2 cars: fowls. 21 Vic; springers. 21c: Leghorns. 15c: ducks. 22c; geese. 14c: turkeys. 22®25c; roosters. 14c. Cheese—Twins, ISVieis’-jc: young Americas. 16c. Potatoes—On track. 160; arrivals. 77: shipments, 759; market about steady: Wisconsin sacked round whites, $1.50411.85: Idaho sacked russets. *1.80.1 1.90; Colorado McClures, branded. $1.85® 1.90. By Vnited Press CINCINNATI. 0.. Jan. 9.—Butter, creamery In tub lots, according to score. 25® 26c: common score discounted. 2®3c: packing stock No. 1. 22c: No. 2. lie; No. 3. 10c: butter fat. 21®23c. Eggs—Lower; cases Included: extra firsts. 28c firsts, 23c; seconds. 20c: nearby ungraded, 26c. Live poultry—Thin and coarse stock sell only at he*tv discount: fowls. 5 lbs. and over. 22c: 4 lbs. and over. 30c: 3 lbs. and over. 16c: Leghorns, 3 lbs. and over. 14c: roosters. 13c: capons. 8 lbs. and o ’er, 33c; under 8 lbs. .2*c: slips. 21c; stags. 18e; colored fryers, over 3 lbs.. 28c; over 2 lbs.. 28c: broilers colored. Ik. lbs. and over. 21c; Leghorn and Orpington fryers over 2 lbs.. 22c: roasting chicks. 4 lbs. and over. 28c; black springers. 15c. By Vnited Press CLEVELAND. Jan. 9.—Butter—Extras. 27 ! ic: standards, 27’-ic. Eggs — Extras. 28c; firsts. 35c. Poultry—Heavy fowU. 23c; medium. IS® 19c; Leghorn fowls. 17018 c; heavy broilers. 28 e2sc: Leghorn broilers. 15c: ducks, 28c; old cocks, lie; suss. 20c: K s ** is® lflc; capons. No. 1. 2<®33c. tatoei—Ohio home frowns. 3101.10 per eo-lb sack; Maine Green Mountain best. *2 S°® 3.85 wrlWI- sack: Idaho Busset, s2SsT3Skoer 100-lb. sick.

*(Bt Thomson & McKinnon)*

Kroger 20% 26% 20% 20% Nat Biscuit .... 81% 81% 81% 81% Pillsbury 28 Safeway 8t 43 43 Std Brands 17% 17% 17% 17% Ward Bkg 4% Drug*— Coty Inc 9% ... Lambert Cos 83% 83% Lehn & Fink 26% 26% Industrials— Am Radiator ... 18% 18% 1(% 18% Bush Term 23 Certain teed 3% Gen Asphalt ... 27 26% 27 26% Lehigh Port 18 17 Otis Kiev 08 57% 58 57% Indus Chems— Allied Chem ...173% 168% 169% 173 Com Solv 16% 15% 16% 16 Union Carb .... 60 58% 58% 60 U S Ind Aico d3 Vi Retail Stores— Assoc Dry Gds.. 24 23 % 23% 23% Glmbel Bros 4% Kresge 8 S 26% May D Store 30% 30 Mont Ward ... 13% Penny J r, C . 391/2 29 -' 29V4 29% Schulte Ret St 4% Sears Roe .... 50 49 % 50 50V* Wooiworth 59% 58% 59 Vi 59 Amusements— Col Graph ...... 9 8% 8% 8% Crosley Radio „ 4% Eastman Kod ..159 157 15#% 156% ox Film A 28% 27Vi 27% 27% Grigsby Grunow.. 4% 4 4 4% Loews Inc 48% 48 48% .. Param Fam 42 S 41% 42% 42% Radio Corp 14% 14 14% 14% g. K 0... 17% 17 17% 17% Warner Bros .. 16V* 16% 16% 16% Miscellaneous— Alrwav App 7% 1% City fee & Fu 36% Coni-uleum 7 7% Amer Can 114% 113% 114 114% Cnot Can 51 50% 51 50% Curtiss Wr 4 3% 3% 4 Gillette S R.... 26% 25% 26% 25% Real Silk •. ... 27 Un Aircraft 27 26% 26% 27

Indianapolis Stocks

—Jan. 9 * . „ , Bid. Ask. American Central LI Inc C 0.1,000 Belt R R & S Yds Cos com.. 47 51 Bit R R Yds Cos pfd 31 56 Bobbs-Merrill Cos 25 Central Indiana Pw Cos pfd 7s 79 84 Circle Theater Cos com 75... 98 Citizens Gas X3o com 105.... 22 Citizens Gos Cos pfd 5s 98 io3 Commonwealth In Cos pfd 7s 98 100 Commonwealth In Cos pfd...100 Hook Drug Cos com Indiana Hotel Cos Clap! c0m.125 Indiana Hotel Cos pfd 6s 100 Indpls Gas Cos com 6s 54 ... Indpls Pwr Lt & Cos pfd 6Vi5..101 Indpls Pu Welf L Assn com 8s 51 ... Indpls Water Cos pfd 5s 101 Interst Pu Ser Cos pr 11 pfd 6s .. 88 •Inter Pu Ser Cos pr 11 pfd 7s 95 101 Metro Loan Cos 8s 101 N Ind Pub Serv Cos pfd 5%s .. 94 •North Ind Pub Serv Cos pfd 7s 96 101 Northern Ind Pu Sv Cos pfd 7s. 105 101 Prog Laundry Cos com 31 E Rauh & Son Fertil Cos pfd 6s 47 .!. Terre Haute Lt & Pwr pfd.. 67 Union Title Cos com 5s 34 Van Camp Prod Cos Ist pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s .. 98 Auburn Automobiles Cos com.. 11l Vi 113% Backstay Welt Cos com 12 13 * Pipe Line Cos 16 19 Llnx Belt Cos com 29% 31 Lynch Glass Machine Cos com. 15Vi 17 Mead Johnson &Cos com 76% 71% N Y Central Railroad Cos 123’ 125’ Noblltt-Sparks Industrials Inc 37 39% Perfect Circle Cos com 25 28 Real Silk Hosiery Mills Inc Cos 26 28 Real Silk Hosiery Mills pfd.. 83 85 Ross Gear & Tool Cos 21 24 Standard Oil Cos (Indiana).... 38% ... Studebaker Corporation 23% 25% Ter Haute Trac & Li Cos 55.. •Ex-Dividends. _ . Bonds Belt R R & Stk Yds Cos s 85 Broad Ripple Trac Cent Ind Gas Cos 5s 98 Citizens Street Railroads os.. 23 28 Home T & T of Ft. Wayne 6s. 102 Ind Railway & Light Cos 5t,.... 92% ... Indpls Pwr & Lt Cos 99% ioi% Indianapolis Gas Cos 5s 99 Vi 101% Indpls & Martlnsv Ra Hr Cos 5s 15 ... Indpls & Northw Trac Cos 55.. 5% Indpls St Ry 4s 15 Indpls Trac & Term Cos 55.... 44 *'* Indpls Union Ry.... ..100 Indpls Water 5s 93 *’* Indpls Witter Cos 5%s 103 i64% JndPjs Cos lst llen & f ef 5s 97% ...' Indpls Water Cos 4%s 951/, Indpls Water Works Sec Cos 5s 89 No Ind Pub Serv Cos 5s 99 No Ind Teleph Cos 65.;....; 98% 100 Marriage Licenses Dragie Gosheff. 31. of 310 North Illinois, clerk, and Grace Carey. 20. of 956 North Arlington. Charles W. Bear. 22. of 1317 Reisner. clerk, and Gladys N. W r olf. 21. of 2308 College. clerk. Thomas F. Shaw. 20. of 2912 Caroline, painter, and Katherine Titara. 18. of 1460 Roosevelt, waitress. Charles W. Hines, 21. of 1622 North MeTk dla ?-.- c^U setlt l r ' and Lillian K. Clarke, 19. of 37 West Twentv-flrst. clerk. John Toliver. 22. of 1047 North Milev. laborer, and Wllla Mae Smiley. 18. of 942 North Traub. Haynes Berry. 28. of 534 West Tenth, laborer, and Catherine McCain, 24, of 431 West Twenty-eighth. Births Girls Robert and Retta Been, Corner Hobart and Mathewe. Lawrence and Teresa May. 4232 Park. Alexander and Jessie Simms, 755 North Tremont. Bots John and Marjuerlte Hick*, 428 North Goodlet. William and Helen McWhirter. 2103 South Pennsylvania. Lorin and Ruth Acree. Methodist hospital. Russel] and Lenora Templin, 2235 North Kenwood. Wilbur and Anna Leavell, 3163 North Station. Thomas and Edythe Bressler, 1015 Congress. Nickolas and Siames Pappas. 627 North Pine. Deaths Mary Elizabeth Grimm, 80 101 East Troy, cerebral apoplexy. Laura J. Dolley, 59, city hospital, parnlcious anemia. John Jones, 56, 869 Udell, encocarditis. Ulyssls G. Leedy, 64, Long hospital, angina pectoris. George L. Saunders. 64, Claypool Hotel, acute cardiac dilatation. William F. Habeney, 50, 4631 Broadway, coronary thrombosis. Gerald Garstlne, 6, 2546% West Michigan, acute tonsilitls. John M. Thomas, 60, Methodist hospital, carcinoma. Edith Wade, 28, city hospital, acute myocarditis. Robert Allen Gordon. 6 months, 4937 Young, status lymphaticus. a Clara E. Cain, 72. 636 North Oxford, pulmonary tuberculosis. Pauline Stone, 44, 6101 Norwaldo, lobar pneumonia. Frank Ayres. 72. St. Vincent hospital, cerebral hemorrhage. Marie Kindle, 65, 324 North Blackford, carcinoma. Willard P. Barnes, 71, Methodist hospital. cerebral edema. Evelyn Cannon, 20, 657% Muskingum, pulmonary tuberculosis. Maud Seifert. 48. 1234 West Twentyninth. hvdropericardium. Ellen L. Galvin, 78. St. Vincent’s hospital, acute dilatation of heart.

MOTHER OF ‘EUGENICS BABY’ ASKS SIOO,OOO Sues Former Dancing Partner on Breach of Promise Charge. CHICAGO. Jan. 9.—A SIOO,OOO damage suit by Miss Natie Pullman, vaudeville actress who two years ago chose to call her son an “eugenic baby,” was on file today against Roscoe Ails, her former dancing partner. Miss Pullman’s attorney. Emmett F. Byrne, said the charge would be breach of promise. Byrne said Ails was the father of the “eugenic baby,” now 2 years old. The attorney said Ails repeatedly promised to marry Miss Pullman, both before and after her son was born. Last June he married Miss Shirley Dahl, an actress, in New York. AUTOPSY CONTESTED BY INSURANCE FIRMS $1,500,000 Policies Held by Cotton Broken; Physicians Are Silent. By United Press VILLANOVA, Pa.. Jan. 9.—Physicians who conducted an autopsy Thursday over the body of George McFadden, wealthy cotton broker, were silent today on their findings. The first autopsy, it was announced. revealed that the broker died after electric shock while using a vlrbrator In his bath. This is contested by insurance companies, who would be forced to pay McFadden heirs approximately $1,500,000 addition through a double indemnity accident clauA in the policies. h j

THE INDIANAPOLIS TIMES

PORKERS SELL IRREGULAR AT LOCAL YARDS Cattle Continue Unchanged; Vealers Stationary at sl2 Down. HOGS Jan. 2. $8.35# 8.40 $8.40 6,000 3.7.65 H 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 9. 7.60# 8.15 8.15 6.000 Hog prices today at the local stockyards were mostly irregular, with a two-way market. Lightweights were steady to 5 cents lower, others mostly 5 to 15 cents higher than Thursday’s average. The bulk, 100 to 300 pounds, sold at $7.60 to $8.15. Receipts were estimated at 6,000. Holdovers, 161. Cattle market generally steady. Receipts, 500. Vealers mostly unchanged. selling at sl2 down. Receipts, 600. Sheep and lambs, little change, selling at Thursday’s best time; good and choice lambs sold at $8.50 to $8.75. Receipts were 2,000. Chicago hog receipts, 53,000, including 22,000 directs. Holdovers, 8,000. Market around 10 cents lower than Thursday’s average on weights below 200 pounds; heavier weights slow; few early bids and sales of 170 to 200 pounds sold at $7.60 to SB. Early top, $8; choice of 280-pound-ers solds at $7.40. Cattle receipts. 3,000. Calves, 1,000, and strong. Sheep receipts, 14.000, and steady. HOGS Receipts, 6,000; market, uneven. —Light Lights—--040-160) Good and choice...* 8.15 —Light Weights—-(l6o-180) Good and choice... 8.15 (180-200) Good and choice.... 8.10 —Medium Weights—-(2oo-220) Good and choice... B.oo® 8.05 (220-250) Medium and good.. 7.80# 8.00 —Heavy Weights—-(2so-290) Good and choice... 7.60® 7.80 (290-350) Good and choice 7.40® 7.60 —Packing Sows—-(27s-500) Medium and good .. 6.00® 6.75 (110-130) Slaughter Pigs B.oo® 8.05 CATTLE <Slaughter Class) Receipts, 500; market, steady. Good and choice ■ sll.oo® 13.50 Common and medium 6.75®11.00 (1.100-1,500) Good and choice 10.50® 13.00 Medium [email protected] —Heifers—-(soo-850) Good and choice [email protected] 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 4.50® 6.25 Common and medium 3.00® 4.50 CALVES AND VEALERS Receipts, 600; market, steady. Good and choice $11.50®12.00 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 6.50® 8.50 Common and medium 4.75® 6.50 SHEEP AND LAMBS Receipts, 2,000; market, steady. Good and choice $ 8.25® 8.75 Common and medium 6.00® 8.25 —Ewes— Medium and choice 2.50® 3.75 Cull and common I.oo® 2.50 Other Livestock By United Press CHICAGO, Jan. 9.—Hogs—Receipts, 51,000; Including 22,000 direct; steady to luc lower; active on lighter weights; top. $8.10; bulk. 130-200-lb. weights. $7.90@8; 210-300-lb. weights. [email protected]; pigs. $175 ®8: packing sows, [email protected]; light lights, 140-160 lbs., god and choice. $7.90®8.10; light weight. 160-200 lbs., good and choice, [email protected]: medium weights. 200-250 lbs., good and choice. $7.50@8; heavy weights, 250-350 lbs., good and choice. [email protected]; packing sows. 275-500 lbs., medium and good. [email protected]: slaughter pigs, 100-130 lbs., good and choice. $7.50#8.10. Cattle —Receipts, 3.000; calves, 1.G>00; trade on lower grade steers, weak to 25c lower; yearlings, especially heifer and mixed yearlings. sharing decline; most steers here eligible to $8 @9.25; with prospective top weighty offerings around $11; shippers demand narrow and local killers not nearly as active as earlier in the week. Slaughter catle and vealers —Steers. 600-900 lbs., good and choice. [email protected]; 900-1100 lbs., good and choice. [email protected]: 1100-1300 lbs., good and choice. [email protected]: 1300-1500 lbs., good and choice. $9.75@14; 600-1300 lbs., common and medium. $6.25@10: heifers. 550-850 lbs., good and choice. sß® 12; common and medium. $5.50@8: cows, good and choice ,$5.50®7.50: common and medium, [email protected]; low cutter and cutters. s3@ 4.25; bulls, yearlings, excluded, good and choice, befe. [email protected]: cutter to medium, 54®5.65: vealers. milk fed. good ‘and choice. [email protected]: medium. $7.50@9; cull and common. [email protected]. Stocker and feeder cattle—Sters. 500-1050 lbs., good and choice, s7@9: common and medium. $5.50® 7. Sheep—Receipts, 14.000 :market, mostly steady; bulk, good and choice lambs, scaling 92 lbs. and down, [email protected]; early top. $8.85; some held higher; good yearlings. $6.75: fat native ewes. s3@4. Slaughter sheen and lambs—Lambs. 90 lbs. down, good and choice. sß@9; medium. $6.75® 8; all weights common. $5.50 @6.75: ewes, 90-150 lbs., medium to choice. 52.50@4: all weights, cull and common. $1.50®3: feeding lambs. 50-75 lbs., good and choice, $7 @7.75. By United Press EAST ST. LOUIS. 111.. Jan. 9.—Hogs— Receipts, 13.000: market weak to 10c lower; top. $8,20; bulk. 140-200 lbs.. sß® 8.15; 210-230 lbs.. 5?:[email protected]: 240-280 lbs.. $7.50®7.75; 100-130 lbs.. [email protected]; sows. [email protected]. Cattle—Receipts. 1,000: calves, 500; buyers showing little interest in few steers on sale; vealers 50c lower at $11.50: otehr classes slow and little change in price. Sheep—Receipts. 2.000: opening steady: choice pounds to city butchers. $8.75; asking steady for others; throwouts ss@6; fat ewes. $3.50 down. By United Press CLEVELAND. Jan. 9.—Hogs—Receipts, 1,300; holdovers. 244: steady to 15c lower; light light pigs. 58.50; 160-210 lbs., $8.40: 220-250 lbs. downward to $8; talking $7.75 on weighty butchers; round sows, $6.50; stags. $5.75. Cattle —Receipts. 125; low. around steady; scattered common to medium steers, $7.75@9: low cutter kind downward to $5.75; low cutter and cutter cows. [email protected]. Calves —Receipts, 400; mostly steady to weak; good to choice vealers largely $13.30 downward, sparingly to $13.50; common to medium kinds. $lO @11.50: culls. sß@9. Sheep—Receipts, 1.200; mostly steady, bulk fat lambs. s9® 9.25; quoting $9.50 on scattered best kinds: medium to good deck, $8.50: bulk common to medium throwouts. $7.50® 8: fat ewes quoted $3 @4. By United Press PITTSBURGH, Jan. 9.—Hogs—Receipts. 2.300; holdovers. 700: market, steady, 15® 20c lower; 130-190 lbs.. [email protected]; 200230 lbs.. $8.10®8.30; 240-280 lbs., *7.75® 8. Cattle—Receipts, 10; market, unchanged; cutter to common cows, $3.50®4: calves, receipts, 50; market, steady; choice vealers, [email protected]; medium to good, $8.50® 12. Sheep—Receipts. 750; fat lambs, steadv to 25c higher; top handyweights. $9.50; bulk better grade, $8.75® 9.25; aged wethers up to $4.50. By United Press EAST BUFFALO, N. Y., Jan. 9.—Hogs— Receipts, 2,000; holdovers. 500; rather slow, weights below 200 lbs., steady to 10c lower; others steady to strong; bulk desirable, 170-200 lbs.. $8.75; weights below 140 lbs., $9: 220-250 lbs., [email protected]; 265300 lbs., [email protected]; packing sows. $6.40@7. Cattle —Receipts. 150; mostly cows, active, steady to 25c higher; cutter grades, $2.50® 4; calves, receipts, 600; vealers. barely steady, $13.50 down. Sheep—Receipts. 2.000; fat lamb, active, steady with Thursday’s close and 15c over early trade; good to choice, 59.50; medium kinds and strong weights, $8.50; throwouts, $7.50.

James T. Hamiil & Company Private Wire* to All Leading Markets. Indianapolis MEMBERS Chicago Stock Exchange Chicago Beard of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. Riley 9493 Riley 5434

Dow-Jones Summary

LONDON —Copper exporters Inc. has reduced price of copper *4c to 10.55 cents a pound C. L F. London Hamburg and Havre, LONDON —New York cables opened at 4.85 15-32: Paris checks. 123.79: Amsterdam. 12.062; Italy. 92.745; Berlin, 20.41. California Packing Corporation declared regular quarterly dividend of $1 on common payable March 16. record Feb. 28. Arrangements made for sale of stock exchange membership at $250,000 up $40,000 from previous sale. Brokers' loan* declined $47,000,000 in week to $1,879,000,000; aon broker* loan* off $90,000,000: reserve system ratio 76.3 per cent arainst 73.7 per cent week ago and 12.9 per cent year ago. New York ratio 78.8 per cent against 71.6, per cent and 67.4 per cent respectively; no announcement on rediscount rate now at 2 per cent. General Cable Corporation declared regular quarterly dividend of $1.75 on preferred. payable Feb. 1. record Jan. 22. December sales of new Lincoln automobiles totaled 486, largest month since April, 1929. Present output twenty cars dally and plans being made for increased production. Texas Power and Light twelve months ended Nov. 30 profit $3,174,658, after taxes and charges, but before depreciation, against $2,967,171 preceding twelve months. In December, Island Creek Coal Comfany mined 413,145 tons coal against 499,78‘in November, and 492,748 in December, 1329. American European Securities Company in year ended Dec. 31, 1930, earned 24 cents a common share against $1.16 in 1939. Securities costing $21,168,578 had market value on Dec. 31 last of $19,503,866; on Dec. 31, 1929, securities costing $20,823,959 had a market value of $25,867 569. Net assets available for common stock equal to $28.60 a share. Offering being made in Sweden of 60.000,000 kroner 25-year, 5 per cent bonds of Swedish Match at 101. Daily average volume of federal reserve bank credit outstanding during week-end Jan. 7 was $1,355,000,000 a decrease of $44,000,000 from previous week and $220,000,000 below like 1930 week. Steel cables opened 4.85%, up 1-16; Francs .0392 3-16. off 1-16; Marks. 2378%. off 1; Spain .1070, up 2%. New York city member banks report loans on securities $3,333,000,000, against $3,438,000,000 a week ago; all other loans $2,425,000,000, against $2,421,000,000. Total loans $5,658,000,000, against $5,859,000,000. Nebraska Power Con: pans’. 13 months ended Nov. 30 profit $2,459,700 after taxes and charges, but before dependiture against $2,097,888 previous 12 months. Bank of Germany statement as of Jan. 7 shows gold 2.215,900.000 marks, .against 2,215.800,000 on Dec. 31 and circulating 4,325,800,000, against 4,778,300,000. Pacific Gas and Electric applied to California commission to issue $25,000 000 4% per cent bonds to be sold at not iess than 95 proceeds to retire higher interest bearing bonds. Minnesota Power and Light Company twelve months ended Nov. 30 profit $2,358,809 after taxes and charges, but before depreciation against $2,475,723 preceding twelve months. Portland Gas and Coke Company twelve months ended Nov. 30 profit $1,090.195 after taxes and charges, but before depreciation against $1,113,687 preceding twelve months. Great Atlantic and Pacific Company four weeks ended Dec. 27 sales $81,346,706 against $87,260,055 like period 1929. For twelve months to Dec. 27 sales $1,063,290,331 against $1,027,914,479. In December tonnage sales amounted to 417.163 tons against 407,339 in 1929 and in twelve months 5,172,558 tons against 4,710,156 in previous year, Childs Company Decmeber sales declined 194.312 from year ago to $2,277,368. Twelve months $26,551,475 off $1,617,249. Exchange Buffet December sales declined $52,943 from year ago to $544,012. Eight months, $4,004,652. oq $348,286. November net operating Income of class A railroads $62,068,103 against $86,640,632 in November. 1929. according to Bureau of Railway Economics. Eleventh months $834,510,032 against $1,202,707,319.

Net Changes

By United Press NEW YORK. Jan. 8.-Closing prices and net changes on principal stocks traded on the Neft’ York Stock Exchange today follow: Up. Off. American Can 114% *4 ... American & Foreign Power 34% 1% ... American Telephone 186% 1 Atchison 189% ... % Case 91 % % .. Consolidated Gas 86% 1 Del., Lacka. & Western. .< . 102 16 Erie 32% ... % General Electric 46*4 % ... General Motors 36% % ... International Telephone... 24% 2% ... Loew’s Inc 48 V* Montgomery Ward 1. 18% N. Y. Central 121% % ... Packard 9% % . . Radio 14% *4 ... Radio-Keith 17% Sinclair 12 % ... Standard Oil N. ‘J 50% ... % Transamerica 14 United States Steel 144*4 I*4 ... Vanadium 55% % ... Westinghouse Electric 93% % ...

Local Wagon Wheat

City grain elevators are paving 70c for No. 1 red wheat and 68c for No. 1 hard wheat. RAW SUGAR PRICES —Jan, 8 — High. Low. Close. January 1.68 1.65 1.67 March 1.37 1.32 1.35 May 1.44 1.40 1.42 July 1.52 1.47 1.49 September 1.59 1.56 1.57 December * 1.66 1.63 1.65

Forty-four years without loss to any Investor Tsafe investment i You can put Commonwealth Loan Company 7% Preferred Stock away in your safety deposit box and forget it—except for the quarterly dividend checks —pleasant reminders that your money is at work. Commonwealth Loan Company 7 % Preferred Stock s , (Tax Exempt) Descriptive Circular on Request J. H. AUFDERHEIDE Third Floor Guaranty Building Telephone Riley 3469 Established 1687,

DROP IN BOND YIELD HERALDS BUSINESS GAIN Downward Trend Seen as Definite Sign That Trade Is Recovering. By Scrivps-Ho\card Xcicspaper Alliance WASHINGTON. Jan. 9.—Downward trend in bond yields, such as has been in progress for some time, usually is a forerunner of business recovery, the national bureau of economic research says in a report just issued on the relation between the movement of interest rates bond yields, stock prices and general business since January, 1857. The bureau’s study was made by Dr. Fred R. Macaulay, and the only portion of it made public so far concern;; railroad bonds, which the bureau considers the most generally useful in studying trends. To those interested in analyzing the present situation and attempting to predict the future, the following extracts from the bureau’s report will be interesting: “In the absence of a complete understanding of the rationale of cyclical movements, a study of the symptoms as revealed in economic sequences can not be neglected. Bond Yield Falling “Sequences of economic factors, as revealed by past history, often constitute almost the only means of attempting to predict the future. To be worthy of much consideration, however, such sequences should be concerned with fundamentally important factors. . A fall in bond yields is a more important step in the process of business recovery than a rise in the price of silk. “With a recent interruption, the yields of high-grade bonds have been falling since September, 1929. Extremely low short time interest rates, falling commodity prices, and depressed general business suggest strongly that the recent advance in the yields of high-grade bonds was merely an interruption of a downward trend whose end is not in sight. Such a downward movement of bonds is a usual forerunner of business recovery. Financial Factors Turning “With a very considerable range in the time of lag and with a number of actual exceptions as to even the order, certain financial factors tend to turn before a turn in general business. First, a peak is reached in call money rates, then a peak in the yield of high grade bonds, then a peak in the yield of second grade bonds, then a low In stock prices. “When this sequence is completed, business recovery, as measured by bank clearings, pig iron production, etc., generally is not many months away. Sometimes business recovery begins before the above sequence is completed. “At present the action of secondgrade bonds and common stocks in making new lows is the uncertain element in the situation. On the other hand, if business were to be delayed very many months, the lag after the peak in call money, time money, commercial paper, and high grade bond yields would be unusually long.” Other Livestock By United Press CINCINNATI. Jan. 9.—Hoes—Receipts. 5,050; holdover, 160; slow, about steady; better grade 150-230 lbs.. [email protected]; mostly $8.40 on 120 lbs. down: 235-250 lbs., $8; heavyweights draggy. some 270-290 lbs., [email protected]; 120-140 lbs.. $8 to mostly $8.25; sows largely $6.25; heavyweights, $6. Cattle—Receipts. 500; calves. 225; generally steady; odd lots lower grade steers and heifers. [email protected]; more desirable kinds upward to $9.50; most beef cows, [email protected]; bulk low cutters and cutter cows, s3@4; medium bulls. $5.75 down; vealers 50c lower; good and choice, [email protected]; lower grades, $lO down. Sheep—Receipts, 400; slow, about steady: better grade handyweignt lambs. $8.50 to mostly $9; common and medium. [email protected]; fat ewes, s2@3. By Times Special LOUISVILLE. Jan. 9.—Hogs—Receipts. 900; market, steady; 300 lbs. up. $7.40; 225-300 lbs., $7.75; 160-225 lbs., $8.15; 130160 lbs., $7.75; 130 lbs. down, $7.15; roughs, $6.15; stags, $5.15. Cattle—Receipts. 200; market, steady: prime heavy steers. [email protected]; heavy shipping steers. $7.25® 8.50; medium and plain steers, [email protected]; fat heifers, s7®>l9; common to medium heifers. [email protected]; good to choice cows, $4.50®5.50: medium to good cows, 53.75® 4.50; cutters, [email protected]; canners, S2®3; bulls, $3.5C@5: feeders. [email protected]; Stockers. s4@6; medium to good feeders, $5.50® 6.50: calf receipts, 200; market, 50c lower; food to choice t [email protected]; mediums, s6 (fit .50; common to medium, [email protected]. 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, 195; hogs, none; sheep, none. By United Press TOLEDO, Jan. 9.—Hogs—Receipts, 350: j market, 10@15c lower; heavies. [email protected]; mediums. [email protected]; yorkers, [email protected]; pigs. [email protected]. Cattle—Receipts, light; market, steady; calves, receipts, light; market, steady. Sheep—Receipts, light; market, strong.

The City in Brief

Newly organized Monumental Racing Pigeon Club will meet Wednesday, Jan. 14, at 8 p. m., at 2206 East Tenth street. Officers are S. J. Gatto, president; E. Holtman. vice-president; G. S. Waite, secretary; F. E. Henke, treasurer, and George S. Waite, race secretary. Postponement necessitated by the illness of Dr. William Holland Wimmer of Johns Hopkins university at Baltimore, lias caused Booth Tarkington, Hoosier author, to alter his plans to go east for another eye operation. He now plans to depart next Sunday. Brookside Civic Club will meet at 8 Monday night, at the Brookside park community house. An address will be given by R. T. Gwyn. The Patterson Shade Company, formerly on the second floor of the Woolwortli building-, 9 East Washington street, has moved to 132 North Delaware street, with offices and salesrooms on the first floor. Medals for marksmanship on American Legion teams in the annual shoot of the National Rifle Association at Camp Perry, 0., in September, will be presented James W, Hurt tonight by the members of Memorial Post No. 3 of the Legion at national guard armory. Value of advertising in bringing about better business was s tressed by Ralph H. Faxon of Denver, Colo., in an address Thursday noon to the Indianapolis Advertising Club and the Columbia Club, Scout cub packs admitting boys from 9 to 11 years old are to be organized throughout the city by Paul G. Moffett, 4285 North “Meridian street, organizer of the first cub pack in the city, who has been admitted as a member of the executive board of the Indianapolis scout council. Officers of the West Side Social Club will be elected Saturday night at a meeting at Municipal Gardens. Report of the Methodist hospital today showed 13,143 patients were admitted to the institution during 1930. Number of births was 1.066 and 1,867 children were admitted. Albert Stump, attorney, will address the Intercollegiate Cosmopolitan Club of Indianapolis at 7:30 p. m. Saturday. The meeting will be held in the Y. M. C. A. Stump will speak on “The Rising Tide.” Mention by the Beaux Arts Institute of Design, New York, has been awarded A. P. Klasing, 1214 Churchman avenue, senior at the University of Illinois. Park board coffers will be enriched SIOO if a group of young men planning to stage a basket ball tournament in Brookside community house accept the board’s rental figure decided at the board meeting Thursday. FORMER DRY AID HELD Franklin L. Dodge, Remus Trial Figure, Charged with Perjury, By United Press DETROIT, Jan. 9>—Franklin L. Dodge, former federal dry agent, and now a real estate dealer in j Lansing, today was held for trial in the federal court at Savannah, ! Ga., by Judge Charles Simons. Dodge, who figured prominently j in the trial of George Remus, Cin- ! cinnati bootleg king, is charged with perjury. DUESENBERG IS NAMED Indianapolis Man Elected Councilor , by Automotive Engineers. By United Press NEW YORK, Jan. 9.—F. S. Due- j senberg, Indianapolis, was named a councilor for 1931 and 1932 of the ; Society of Automotive Ehgineers, j Inc., it was announced at the annual dinner here Thursday night. Among other councilors was R R. Teetor of Hagerstown, Ind. BAR TO PAY TRIBUTE | Indianapolis Memorial Association to Hold Services for Mr. Herod. Indianapolis Bar Association will hold a memorial meeting in tribute to William P. Herod, attorney, who died Thursday, in superior court one Saturday morning, William Kern, secretary, said today. NEW YORK COFFEE RANGE —Jftn. 8— High. Low Close. March ~..• 5.85 5.76 5.76 May 5.74 5.69 5.69 July 5.60 5.55 5.57 September 5.50 5.47 5.47 December 5.42 5.42 5.42

JAN. 9, 1931

WEAK SUPPORT FORGES GRAIN MARKETDOWN Profit-Taking Sends Wheat Futures to Lower Grounds. : By United Press CHICAGO, Jan. 9.—A further recession in corn prices on more profit-taking sales caused July wheat to decline on the Board of Trade today. The old crop months ! of wheat maintained their position with May acting firm. Weakness in foreign markets was a factor with Winnipeg following Liverpool downj ward. Corn reacted again as locals ; sold short and other traders accepted profits due to the sharp gains recently. Oats were extremely dull, but off with com. Liverpool Down At the opening wheat was % cent lower to Is cent higher, July declining % to a * cent. Com was 14 to % cent lower and oats were off % cent. Provisions were dull and steady, but with a weak undertone. Pressure to sell Australian and Argentine wheat and weakness at the latter market depressed Liverpool today and prices were lower than expected, Ito 1 M cents down a mid-afternoon. Buenos Aires was off % cent during the morning. The nearby deliveries of wheat are holding above the stabilization levels and are not being affected by the fluctuations in July, the nev crop month. The stabilization corporation has been making purchases at Kansas City, Minneapolis, St. Louis and the Pacific northwest and storing the 1 giain wherever available space tan ile found. The storage situation a* ! Kansas City is becoming acute. Com Shows Advance Com had an advance of around 8c during the past week and lt was sold late Thursday on the belief that was sufficient for the time being. Although the country movement is the demand will enlarge and that, small, farmers are expected to sell more freely in order to meet taxes | and running expenses. The bull i view is that with increased receipts . the trend is upward. Oats have been marking time and I the existing level has been mainj tained for several days. Commission i houses believe the basis sound, but > | that the market lacks outside in- ‘ ! terest. Chicago Grain Table i —Jan. 9 ! WHFAT — Prev. Tlish. Low. 11.00 closp. ! March 80% .80’ a .80% .80% i Mav 82% .81% .82 .81% ' July 65% .65*4 .65% .66 j CORN— March 70% .70% .70% .71% Mav 72% .710* .72*/* .72% ! July .73 .72% .73 .73% ! OATS—- ! March . .33% .33% .33% ,333a j Mav 34% .34 .34% .34% ! July 33*2 i RYE—- ' March .42 ! July 42% LARD—- : March 8.92 8.97 Mav 9.07 9.15 i July 9.20 9.27 1 By Times Special ] CHICAGO, Jan. 9—Carlots—Wheat. 58; j corn. 97; oats. 19. Paper Reduction Announced By United Press WASHINGTON, Jan. 9.—The fed- ; eral Reserve board Thursday anj nounced establishment by the San | Francisco Federal Reserve bank of j a 3 per cent rediscount on all classes of paper, effective today. The presi ent rate is 3% per cent.

R.H. Gibson & Cos. Members iV£JU YORK, Chicago and Cincinnati Stock Exchanges N. Y. Curb Exchange (Assoc.) Chicago Board of Trade 320 Circle Tower Indianapolis Tel. Lincoln 2341 307 Dixie Terminal Bldg. Cincinnati 220 Odd Fellows Bldg. Sonth Bend 400 First & Tri-State Bldg. Fort Wayne 71 Broadway IVew York