Indianapolis Times, Volume 42, Number 212, Indianapolis, Marion County, 13 January 1931 — Page 12

PAGE 12

LEADING STOCK SHARES BREAK TO NEW LOWS Issues Move Downward on Renewed Selling in Early Session.

Average Stock Prices

Average of thirty industrials for Mon- j dsv was 187.99. off 3.72 Average of twenty rails was 103.51 off 1.91. Average 1 of twenty utilities was 81 43. off 1 Average of forty bonds was 98 38. off .84. By l nitcd Press NEW YORK, Jan. 13 Monday’s reactionary tendencies were carried over in today’s early Stock Exchange transactioas and leading shares broke to new low levels. Losses were generally limited to around a point, with all groups feeling the effect of the renewed selling. Trading was more active, with several large blocks changing hands. After the initial outburst of selling, however, liquidation showed a tendency to dry up and little extension of the opening losses was made in subsequent trading. Texas Corporation, which was a weak feature of the previous session, broke to anew low for the current movement at 30'. on a sale of 4,000 shares. Other oils were off in sympathy. Other good sized losse. were made by Westinghouse at 85 off 1; American Telephone at 184 off I'*- Air Reduction at 95% off 11.-,I 1 .-, and Montgomery Ward at 17%, ofT •*. United States Steel was another weak spot, breaking nearly a point 1o 141%, but later recovering above half the early loss. Allied Chemical rallied above its previous closing level after opening a point lower at 164. Changes in other sections of the list were mostly fractional. Consolidated Gas was an except ion to the trend, rising ' • point to 85%.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 13 — Clea lines $ 3,,.38,000.00 Debit* * 7.687.000.00 TREASURY STATEMENT -■Jan. 13Net balance for Jail. 10. .. $229,182,833.69 Expenditure:; 14 , 950,479.17 Customs rects. mo. to date 8.806,133.47 CHICAGO STATEMENT Ciearlnes . $6.>.600,000.00 Balances i:!! i!.::: 7,100.000.00

New York Curb Market

ißy Thomson &; McKinnon) - Jan. 13— 11:30 int Pete 15 Am Com Pwr.. 12%'Midwest Ut ... 20 Am'Gas &El . 75 Mo Kan Pipe... 5% Ark Gas 5% Nfwmont Min .. 4i% Aviation Os Am 21 Nia Hud Pwr... 10% Bravil P Sc L... 23% Penrood 7% Cities Serv .... 16'a Salt Creek .... J s Cons Gas 82% Sel Indus. 3% Cord 6% Std of ind 36% Crocker &• Wh.. 9% Std of Ky ■?} * Durant Motor.. I%’Std ol 0hi0.... 54 Elec Bond Sli.. 42% Stutz 19% Ford of Eng... 16%|Un Gas 'tnewi .. 9% Gulf Oil 7°% t ,n Lt * Pwr... 24% Hudson Bay .. 4% Ut Pwr 99 * Humble Oil .... 60 Vacuum Oil .... 58% Int Super 22%'Walgreen 18%

Investment Trust Shares

(Bv R. H. Gibson Sc Cos.) —-Jfin. 13— PRICES ARE TO 17 NOON C. S. T. Bin. Ask. Amer Founder’s Corp. com 4% 5 Amer & Gen Sec A 13% 14% Am Inv Trust Shares 5% e% Basic Industry Shares b% 6-a Corporate Trust Shares 5% 6%, Cumulative Trust Shares...... •% >% Diversified Trustee Shaves A. lb;* I<% First American Corp ju % Fixed Trust Oil Shares 5% 6% Fixed Trust Shares A 15% ... Inv Trust NY ...••••••■ 2 4 84 Leaders of Industry. Series A. 8% ... Nation-Wide Securities.. 6% ,% National Industry Shares 6% 6> No Amer Trust Shares s'o 6 s Scl Amer Shares 5 a% Shawmut Bank Inv Trust.... 8 9% Universal Trust Shares 5 * 6% S W Strauss Inv Units 45 54. Super Coro ot Am Tr Sh \ 6 7% Fundamental Trust Shares A. 6% 7% Fundamental Trust Share.- B 7% . U S Elec Light A Pwr A.,.. 29 31

New York Bank Stocks

Bv Thomson & McKinnon. —Jan. 12. Bid Ask America Bankers 411% 114% Brooklyn Trust 510 025 Central Hanover 248 283 Chase National 97% 100% Chaiham Phoenix Natl 76 79 Chemical 49 51 Citv National 93% 96% Com Exchange 12b 130 Commercial 290 310 Continental 20% 23% Empire 59 62 First National 4,000 4,000 Guaranty .....482 487 Irvmg 36 38 Manhattan <fc Cos 85' 881 Manufacturers 45% 47% New York Trust .153 158 Public 62‘. 65%

Net Changes

Bu United Press NEW YORK. Jan 12.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange are as follows: Up Off. American Can 111% . . 2% American Smelting 44% % Bethlehem Steel 51% ... 1% Case 87 . 2% Consolidated Gas 84% . . 1% Fox Film A 27% .. % General Electric 44% . . 1 General Motors 36% % Gillette 27% 1% .. International Nickel 15-*h ... % International Telephone .. 22% ... \ Loews Inc 47% ... 1 Montgomery Ward 18 ... % N. Y. Central 119 ... 3 North American 67% ... % Packard 9% ... % Pennsylvania 60 ... % Radio 13% ... % Radio Keith 17 ... % Sears Roebuck 47% .. 1% Sinclair 12% ... % Standard Cll N J 48% ... 1% Texas Corporation 31% ... 4% United Corporation 13% ... % U S Steel 142 ... 1% Vanadium 51% ... 2% Weitinghouse Electric .... 86% ... 4 Chicago Stocks Opening ■By James T. Hamlll A Cos.) —Jan. 13 — Open Open. Rendix Avia .. 18% Elec Household. 24% Borg Warner . 31% Insull Com . 33% Cent So West. 18% Insull 6’s 1940 88% Cord Corpn.... 6% Lion Oil 6 Cont'l Ch C pf 37% Mlddlewest Com 20% Chgo Securities 17% Nor & So Amer 9% Grlgsbv Grunow 3% N'at'l Standard. 28% Houdl A 11% Util & Ind Com 8% Houdl B .... 4%| New York Liberty Bonds —Jan. 12— 3%s 101 28 Ist 4'.s 103. 4th 4%* 103.26 Treasury 4%s 113 Treasury 4s 108.25 Treasury 3%s 106.25 Treasury 3%s of ’47 102.29 Treasury 3%s of '43 102.21 Lodge to Hold Initiation Harmony Lodge No. 1, United Order of American Workers, will adopt a class of candidates at their new hall. 143 EAt Ohio street, tonight. Miss Inez Dunning and her Night Hawk orchestra will provide music.

New York Stocks ■ 11 iWi Thomson Sc McKinnon' "" ’ “

Bailread* n : j && I Atchison > All Coast Line ~ ■■■ *12,, Balt & Ohio.. 77i <6% .7'. .7% Chesa Sc Ohio 48% 40% 40% 40*4 Chesa C0r0... *i. 3 4 SO 8%8?:.v *>. 3,C R I & P • M *** zr* Del L & W J?,. r>l & Hudson . • ’29V, 29% Erie mufd::.. 40% Orer.t Northern ® 4 , 4 Oulf Mob & Oil 20% Illinois Central 80 Kan Cltv 50... •. • • **• Mo Pacific old ... 95. 94 PI Y Central. . 119 118% 118 ? I>9 NYN H & H.. 84% 84% 84% 86 Norfolk Sc West 7% 7 7 . Pennsylvania 59% 59 59% 60 Reading ..... • •7J* 91 Seaboard Air L . So Pacific ■ • ■ Southern Ry . . 57 a6 • 3t Paul bfd ... 12'4 12'. 12% 12% st lsc a r ■ „ 4 4 Union Pacific.. 188 .88 Wabash “f, W Maryland ..... f,,? West Pacific ••• ••• 11,2 Am^Car"^ 1 l Fdy. 22% 31% 31% 32% Am Locomotive ... ‘L, Am Steel Fd .. ... • si 7 “ Gen Am Tank • 9 , 4 ' ®° 3 a General Elec 44 i 43% 44% 44% Gen Ry Signal. 70% ... ‘o’* S-, Lima Loco ..... 29% 79% 29% 29* N Y Air Brake . 3 Press Stl Car ,*"• • - 3 Pullman • • i,,, 4 Westlngh At B 33 * ss ■> Westlngh Elec. 86% 3 % 86 * 86 b Rubbers — Firestone -*% 11 3 * Fisk % ...i 4 Goodyear .. 43 42* 42% 43% Kelly Sprafld. ... l, 8 .i, B U B Ruober ... 12% 2 12 8 12 4 Atibum*" 110. 108 108% 108% Chrvsler 18% 16% I# - ~, Gardner %- Graham Paige ... ••• ,2 : . 4 Hudson Moto . rS ': af U 3}ji fa 1% Nash 31% 30% 30 * 31 Packard 9% % 9 % 9 4 Pierce-Arrow 13 8 Studcbaker 23% 23% 23% 23% Yellow Truck..... 10% 9% 9,4 10,e Motor Access— 101 Bendlx Aviation 18% 18% 13 s 18^2 Borg Warner. f% 8 Briggs ....... -. 17% %% 1 4 Budd Wheel 3 , 4 Eaton El Storage B ' > 2 3 4 Hayes Body i 8 Honda s Motor Wheel Hjr Sparks W . . • ••,. •,^ 3 . is-* Stewart Warner 18 17% 17% 18 Timkln Roll 4fi 8 Mining— .. Am Smelt ... • 44 43,2 43 ,2 44 Am Zinc •-.... ■, _, -u,, -n.,,, -113-, Anaconda Cop .. 3%'* 31% 31 * 31 4 Cal A; Heel a . 8;> 8% 8% 8 * Cal & Arlz 37% 37% 37,2 37 /a Cerro de Pasco - Dome Mines ... , 9 , 4 98 Freeport Texas. 3i% ... 31,2 31/a Granby Corp I“' 8 Great Nor Ore .. ... ••• , Howe Sound . 22 21 21 a -2 Xnt Nickel 15% 15 15% %% Inspiration * 8 „?, 4 Kennccott Cop . 23% 23% 23, 24/ 8 Magma Cop . •‘s,, Miami Copper... ••• •••. 8 Nev Cons . . . lO 3 * 10% 10% 11 Texas Gui Sul .. 48% 47 3 4 88-* 47 a U S Smelt 21 Amerada 29 - 8 2 L. Am Republic . 7% 7 7 8% Atl Refining .... 21% 20% 20% 21% Barnsdall 12% 12%, 12 2 12,2 Houston •, 3 Indian Refining. • ,3 8 Mcx Sbd 12% 12% 12% 12% Phillips 14% 14 14% 14% Pr Oil & Gas .. 15 .14 14 15% Pure Oil 10% 10% 10% 11% Richflcid 5 4% 4% 5 Royal Dutch 39 - 39 8 Shell Un 9% 9% 9% 9% Simms Pt . *■; „ ,® /2 Sinclair 12 11% H% } Skellv . .. ... ... 1 u 4 Stand oY Cal ... 48% 48% 48% 48% Stand of NJ. 48% 47% 48 J g 48y Stand of N Y... 24% 24V. 24% 24% Texas Cos 31 30% 30* 31% Union Oil 24% 24% 24% 24% AirMßou”Mills.. 31 30% 30% 3( Bethlehem 51 50% aO% 1 ,2 Bvers A M. .. . 42% 41% 42 4, ■‘ 3j -a Colo PMel 24 Cruc Steel . . Inland * ? Repub I& S 17% 17% 17% 17% U S Steel 141% 141% 141% 142 Vanadium ... 51 •% 49% 49-a 51,a Youngst S Sc W ~ 23 Tobacco!*— Am l’ob tAI nev.' 109 108 J OB 110.2 Am Tob IB) nw r 110% 110% General Cigar. 38*. 37% 38% 38% Lig & Myers B 88 87% 87% 88 Ixjrlliard 12% 12% 1-.% 13 4 Reynolds Tob... 41’a 41% 41% 41-a Std Com Tob 3 Tob Pr B 2 % ?% United Cigar 4% AbYtlbi UeS_ 11% Adams Exp. . 18% 18% 18% 18% Am For Pw-r... 33 32V4 32% 3.--* Am Pwr & Li 47 3 a 46 47 47% A T & T 184% 183% 784 18a Col Gas Sc El ... 35% 35 35 3a% Com & Sou 8% 8% 8% 8% El PWT & Li.... 421 2 41T. 42% 42% ml T a & A T.'.' ' 22% 22% 22''“ 22% Natl Pwr & LI.. 33% 33% 33% 33_-a No Amer Cos . .67% 66% 66% 67% Pac Gas & El. 47% 47% 4,% 47% Pub Ser N.T 76% 76% 76% %% So Cal Edison.. 47% 47% 47% 47% Std G & El.. 62 61 61 62 United Corp .. . 18% 18% 18% 18% Ut Pwr &I. A .... 23% 24'.! West Union .133 137-t 138 140 Shipping— ~ Am Inti Corp 19% 19% Am Ship & Com 1 Atl Gulf & W I 36% ... Inti Mer M pfd ... . - ••• I®, United E'ruit ... 57% 57% 57% 57’/8 Foods— Armour A .... 3% 3% 3% 3- 3 Beechnut Pkg 54 Oo 1 pko r ... t Can Dry .' 33% 33% 83% 34 Childs Cos -’6% Cont Baking A. 22 21% ‘21% 22% Corn Prod 79% 18 -a <9 79 4 Cudahy Pkg • •• ’2- 8 Gen Foods . 49 3 49'* 49% 50 a Grand Union 11% H% 41% '1 - Hershey • •- Kroger ..... 19% 18 18 19 Nat Biscuit .... 79 3 * 79% 79% 79% Plllsbury 28 , Safeway St .... 46',. 46% 46% 40ya Std Brands .... 17% I<% 17'* 15 < Ward 4,3 Drugs— Coty Inc * , Lambert Cos 83 8 Industrials— Am Radiator ... 17% 17% %% !<% Bush Term • • • 23 = Certalnteed - 4 Gen Asphalt 2. 27% Otis Elev 5 7% Indus Chems— - Allied Chem 165 7 a 163% 165 165 Com Colv 15% 15% 15% 15f Union Carb ... 57% 56% 56% 08 U S Ind Alco 61% Retail Stores— Assoc Dry Gds 24 24 % Ginrbel Bros ... 5 May D Store . - • • ■ 30% Mont Ward ... 17-* 17% %% 18 Penny J C .... 29% ... 29% 29% Schulte Ret St 4% 4_ 4 4% Sears Roe 48% 47 s 47‘a 4i 3 4 Woolworth ... * 56% 57 , Amusements— Bruns Balke ... ... 12% Col Graph 8_ 8% Eastman Kod ..153 3 < 152% 152 a la4-j Fox Film A ... 27% 27 27% 27% Grigsby Gni .. 7% 7% 7% 7% Loews Inc ..... 47% 46% 46% 47%

Produce Markets

Eses 'Country Rua'—Loss off deliveied in Indianapolis. 20c: benerv aualtty No. 1 25c: No. 2. 15c. . _ Ponitrv (Buvlne Prices'—Hens welshing 5 lbs. or over. 17c: under 5 lbs.. 15e: Leghorn hens. 11c: springers. 5 lbs., or over. 16c: or under 5 lbs.. 15c: ducks, springers. 11c: old cocks. 95t11c: ducks, full feather fat white. 11c: geese. lie. These prices are for No 1 toD quality auoted bv Kinean <Sr Cos. Butter (wholesale) —No. 1. 31ff33e: No. 2. 30@31c. Butterfat—2sc. Cheese 'wholesale selling once Der noundi—American loaf. 31c: pimento loaf 33cc: Wisconsin firsts. 27e: Longhorns. 24c: New York Limberger 26c. By United Press NEW YORK. Jan. 13 —Potatoes—Market easv: Lonrr Island. 51.854? 4 per bbl.: Maine, S3 'n 3.75 per bbl.: Idaho. 45c4t53 per sack: Bermuda. s7fti9.so per bbl.: Canada, 70c'1i53.85 per bbl.: southern. $1.25@ 2.25 per bbl. Sweet potatoes—Market easy; lersey baskets. 75c'.i 52.65:' southern baskets. $1.25'u.2. Flour—Market firm and quiet; spring patents. 54.504(4.85. PorkMarket steadv; mess. $28.50. Lard—Market casv: middlewest spot. B.Bo® 8.90 c. Tallow —Market quiet: special to extra. 4 1 *4( 4' 2 c. Dressed poultry—Market auiet and firm: turkevs 30.133 c; chickens. 20'739c: capons. 25@44c: fowls. 144128 c: ducks. 15 4123 c: Lons Island ducks. 224123 c Live poultry—Market nominal (all quotes omitted). Cheese —Market dull: state whole milk fancy to special, 194?22 , je; young America. 171? 20c, By United Press CINCINNATI. 0.. Jan. 13—Butter, steady: creamery in tub lots according to score. 234* 26c: common score discounted 2413 c: packing stock No. 1. 20c; No. 2. 13c; No. 5. 10c; butter fat. 214123 c. Eggs—Lower: cases included, extra firsts. 26c; firsts. 21c; seconds. 20c; nearby ungraded, 24c. Live poultry—Thin and coarse stock sell only at heavy discount. Fowls, 5 lbs. and over, 23c; 4 lbs. and over 21c: 3 lbs. and over, 17c; Leghorns. 3 lbs. and over. 14c; roosters, 13c; capons. 8 lbs ar, 1 over. 23c: under 8 lbs.. 28e: slips. 21 , staps, 18c; colored fryers over 3 lbs., 29c; over 2 lbs.. 2c; Leghorn and Orpington fryers over 2 lbs.. 22c; roasting chicks, 4 lb*, and pwr 24c. black springers, 15,

Param Fam ... 41% 41 41V 41% Radio Corp .... 13% 13% 13% 13*4 R-K-O 17 18% 18% 17 Schubert 5% Warner Bros 16 15% 15% 18 Miscellaneous— City Ice Sc Pu 36% Am Can ... 111% 110% 110% Ill’s Cont Can .. 49% 49 49 49% Curtiss Wr 3% 3% 3% 3% Gillette SR. 27% 26% 26% 27% Real Silk .. 28 Un Aircraft, 25% 25 25 25%

The City in Brief

WEDNESDAY EVENTS Indiana district. Kiwanis Clubs, midwinter conference. Indianapolis Athletic Club. Illlnl Club, luncheon. Board of Trade. Mutual Insurance Association, luncheon. Columbia Club. Lion* Club, luncheon. Lincoln Purdue Alumni Association, luncheon. Seyerin. With long experience in economics, both here and abroad, Dr. David Friday of A. G. Becker & Cos. will address the Indianapolis Bond Men’s Club at a dinner in the Indianapolis Athletic Club Jan. 20, on “The Financial Situation.’’ Eleventh anniversary of enforcement of the prohibition law will be observed at 10 a. m. Saturday at the Wheeler City Rescue Mission, 245 North Delaware street. B. L. Allen, A. E. Wentmore, Dr. Albert Stanley. H. S. Bonsib and E. S. Lewis will be speakers. Indianapolis Dental Society met Monday at the Lincoln and decided that dentists should be employed full time for oral hygiene work in public schools. Hearing in the House of Representatives at Washington today on the proposed additional appropriation of $1,500,000 for increasing capacity of the new veterans’ hospital to be built here to 50 beds was attended by William H. Book, director of civic affairs, Chamber of Commerce, and Dr. George W. Bowman, of the Indiana department, American Legion. Y, M. C. A. radio group will have the sixth of its series of discussions tonight. R. J. Kryter, research engineer, will be leader. Herbert J. Reade, Anton Vonnegut and Sylvester Johnson . Jr., were named directors of the University Club of Indiana at a meeting Monday. The 1931 Fairview Follies, annual Butler university show, will be held in Caleb Mills hall, April 10 and 11, according to tentative plans. Thomas C. Pope, Chicago emigre from Indianapolis, \yill be principal speaker at the Lions’ Club luncheon at the Lincoln Wednesday. Kenneth Dameron of Columbus, 0., will address the Advertising Club of Indianapolis, Thursday noon on “Stop and Go Signs in Advertising,” at the Columbia Club. Stale convention of the ladies’ auxiliary to the Indiana Brotherhood of Threshermen will be held Wednesday and Thursday at the Spencer, Mrs. W. S. Arnold, president, announced today. A tour of the city will be conducted at 1 p. m. Wednesday. Samuel Sheets, 66, roomer at 625 W >odlawn avenue, died suddenly todr.,y while seated in the kitchen. Death was due to heart disease. “Stop and Go Signs in Advertising,” will be the subject of Professor Kenneth Dameron, assistant professor of marketing and advertising of Ohio State university, before the Indianapolis Advertising Club Thursday noon at the Columbia Club. Appeal to all motorists to lock their cars when parked on streets as a means of blocking crime, was made today bv the Hoosier Motor Club. A series of Biblical discussions entitled “The Only Way” will begin Wednesday night in the Y. M. C. A. auditorium under the auspices of the Bible Investigation Club. Marion county council will meet Jan. 26 to consider ordinances providing transfer of funds for institutions’ supplies. County Auditor Harry Dunn announced today When he lost control of a truck he was driving, Thomas Dell, 26. of 952 Albany street, this afternoon suffered severe head injuries. The truck overturned after striking a utility pole at Sixty-third street and Cornell avenue. Dell was pinned undqr the truck. SELECTS G. 0. P. AIDS Committees for 1931 Named by President of Irvington Club. Committees for 1931 were named by Bert C. Morgan, president of the Irvington Republican Club. Monday night. Tribute was paid to Dr. Samuel McGaughey, charter member of the club, who died Saturday. Committee chairmen are: James L. Kingsbury, program; Edward J. Hecker Sr., publicity: Harold F. Keeling. membership; Samuel L. Montgomery, ways and means; Kingsbury, history; John T. Pope, house; Vinson H. Manifold, auditing, and Mahlon E. Bash, finance. CHILD SWALLOWS PIN Surgeons to Operate on Boy, 2. for Removal of Object City hospital physicians today were to attempt removal of a safety p.n Edward McGibbons, 2, son of Mrs. Pearl McGubbins, 755 Lexington avenue, swallowed Monday night. The baby was taken to the hospital after Mrs. McGubbins’ report to police. The child apparently was none the r’orse for the experience and hospital attendants said his condition is good. | MERCHANTS OPPOSE TAX State Retailers to Meet Here in Protest Session. Retail merchants from all sections of the state will meet here Wednesday morning at 10 at the Lincoln to voice bitter opposition to the tax on retail sales measure to be introduced in the present general assembly. Professor Kenneth Dameron, tax expert of Ohio State university, will speak. Owl Sold for $lB ANDERSON, Ind., Jan. 13.—An Arctic owl, captured by two local youths, Ray McNew and Charles Grant, has been sold to a traveling show for $lB. 3

. THE INDIANAPOLIS TIMES _

PORKER PRICES I JUMP HIGHER AT LOCAL PENS Cattle Futures Dull and Uneven: Veals Hold . Steady Tone. HOGS Jan. Bulk. Early Tod Receipts. ti $7,504* 8.20 8.25 7.000 7 7.704* 8.40 3.40 6.000 8 7.504* 8.20 8 20 8,500 9. 7.60*1 8.15 8.15 6,000 10 7.604* 8.30 8.15 .3,000 11 7.55 a 825 8.25 5,000 13. 7.804* 8.55 8.55 6.000 Porker prices at the Union Stockyards today showed improvement, with prices ranging mostly 25 cents to 30 cents higher than Monday s best average. The bulk, 100 to 300 pounds, were selling at $7.80 to $8.55. Receipts were estimated at 6,000. ( Holdovers, 99. Cattle market dull, with few steers and she stock mostly steady; other steers were tending lower. Receipts were 600. Sheep and lambs little change,; selling mostly at $8 to $8.50; good and choice handy weights were mostly available. Receipts, 700. Chicago hog receipts, 33,000, including 7,000 directs. Holdovers, 5,000. Market active, few sales around 10 cents higher than Monday's average. Good to choice 140 to 220 pounds sold at $8.25 to $8.30, some held higher, and choice 230 to 240 pound weights were selling at $7.90. Cattle receipts. 5,000. Calves, 2,000. and steady. Sheep receipts. 13,000. and strong. lIOGS Receipts, 6,090; market, higher. —Light Lights—-(l4o-160) Good and choice $ 8.50@ 8.55 -Light Weights--1160-1801 Good and choice.... 8.50@ 8.50 (180-200) Good and choice 8.40® 8.45 —Medium Weights— _ _ „ (200-220) Good and choice 8 - 2 2@ (220-250) Medium and good.. B.oo® 8.20 —Heavy Weights—-(2so-290) Good and choice H 9 ® §.2 (290-350) Good and choice ..60® 7-80 —Packing Sows— „ .. (275-500) Medium and good 6.25® i.OO (110-130) Slaughter pigs, 8.50 CATTLE (Slaughter Class) Receipts, 1,400; market, steady. Good and choice $1 oo Common and medium 6. .a®ii.uu Good and choice MJ'SSSiil'IKt Medium [email protected] —Heifers—-(soo-850) Good and choice Common and medium 5.00® B.ao Good and choice 5.50# 7.d0 Common and medium 4.00® 5.00 Low cutters and cutters..... 2.75® 4.00 —Bulls (yearlings excluded) Good and choice beef 1-2 ! Common and medium 3.00® 4.0 u ; CALVES AND VEALERS Receipts. 600; market, steady. Good and choice Medium ?"Bn,oM!nn Cull and common 4.00® 6.00 —Calves—-(2so-300' Good and choice 2’22 Common and medium 3.50® fa.oo STOCKERS AND FEEDER STEERS Good and choice $ 2 §2?‘ !'!2 Common and medium 4.50® 6.50 (800-1,500) „ „ __ Good and choice 8 - 39 ® 8 -j?2 Common and medium 4.75® b.su SHEEP AND UAMBS Receipts. 700; market, steady. Good and choice S f'22s 2'nn i Common and medium 6.00® 8.00 EvV6S—~ Medium and choice 2*25 ' Cull and common I.OQw i Other Livestock By United Press CHICAGO. Jan. 13.—Hogs—Receipts. 33,OOo; including 6,000 direct; 10#15c higher than Monday’s average; top, $8.35; dulk 130-200 lbs.. $8.15®3.30; 210-310 lbs., $7.50 4*B; pigs, $8®8.35; packing sows, $6.50# 6.75; light lights, 140-160 lbs., good and choice, $8.15®8.35; light weight. 160 : 200 lbs., good and choice. $8.10#8.35; medium weights, 200-250 lbs., good and choice, $7.65 or 8.25; heavy w£ights, 250-350 lbs., good and choice, $7.25®7.80; packing sows, 275500 lbs., medium' and good, [email protected]; slaughter pigs, 100-130 lbs., good and choice. $7.75#8.35. Cattle —Receipts, 6 000; calves, 2.000: largely steady with Monday’s uneven downturn; not much beef In run; short load yearlings, sl3; 6 loads string eighty steers. $10.85 compared with $11.25 week ago; most steers, [email protected]; low priced kinds being very scarce; slaughter cattle and vealers; steers, 600-900 lbs., good and choice. $9.75® 14.25; 900-1,100 lbs., good and choice* [email protected]; 1,100-1,300 lbs., good and choice, [email protected]; 1,3001,500 lbs., good and choice, $9.50@f4; 6001,300 lbs., common and medium, $6.25® $9.75; heifers, 550-850 lbs., good and choice, $7,754*11.75; common and medium, sa@ 7.75; cows, good and choice. [email protected]; common and medium, [email protected]; low cutter and cutter, s3@4-25; bulls yearlings excluded good and choice beef, $5®6.25; cutter to medium, $4®5.65: vealers milk fed. good and choice, $9011.50; medium. $7.50(5.9; cull and common. [email protected]; stocker and feeder cattle; steers. 500-1,050 lbs., good and choice. $74>:9; common and medium, $5,504*7. Sheep—Receipts, 13,000; uneven; mostly steady with Monday’s average; choice fat lambs to shippers. $8.40 (5 8.65; good and choice kinds to packers, 53.25418.40; fat ewes. s3©4; slaughter sheep and lambs: lambs 90 lbs. down, good and choice, $84*8.75; medium. $6.7508: all weights common. $5,504*6.75; ewes. 90-150 lbs., medium to choice, $2.50@4; all weights cull and common, $1.50@3; feeding lanibs, 50-75 lbs., good and choice, $707.75. By United Press CINCINNATI. Jan. 13.—Hogs—Receipts, 2.700: holdover none; closed active, mostly 10c higher: some late sales 160-200-lb. averages 20c higher at $8.80; bulk better grade. 150-225 Tbs., $8.50; those at outside showing 25c advance: 230-260 lbs.. $8 4*8.35: 275-300 lbs., $7.50®7.75; 120-140 lbs., largely $8.25; sows strong, mostly $6.2506.50. Cattle—Receipts, 3.300; calves, 300; generally steady; steers slow, weak; few lower and In-between grade steers and heifers s6®9; beef cows, largely $4.75 <5 5.50; some up to $6; bulk low cutters and cutter cows. s3©4; best weighty bulls. 55.75; vealers steady; good and choice, $lO 4*11; lower grades, $9.50 down. Sheep— Receipts. 325; steady to weak; spots 25c lower: better grade handy weight lambs, 58.50®9; heavyweights downward to $6.50; common and medium, $6.50®7.50; fat ewes. s2©3. By United Press PITTSBURGH. Jan. 13.—Hogs—Receipts, 600: holdovers. 300; market Efctive, 15®25c higher; 130-200 lbs.. $8.6508.75; 200-240 lbs.. $8,354*8.60; 250-290 lbs $8 08.2 o; . good packing sows. $6.60®6.75. Cattle—- . Receiptse. 10; market steady with Mon- ! day’s low time; medium to good steers, I $7.2509; common to medium cows, s4® 4.75. Calves—Receipts, 25; market steady; choice vealers up to sl3; medium steers. sß®lo. Sheep—Receipts, 250; market steadv; desirable 75-80-lb. lambs. 58.50@9; common and medium grades, [email protected]; aged wether up to $4.50. By United Press CLEVELAND, Jan. 13.—Hogs—Receipts. 1.400; holdovers none; top and bulk, 210 lbs. down at 58.75, as well as rough sows at 56.75 and stags at $5. 25c higher: bidding 10®15c higher on others; refusing $8 j on 250-300-lb. weights, and $8.25 on 220-250-lb. sorts. Cattle—Receipts, 300; largely cows: about steady; cutter grade ! largely 52.50@4; fat offerings $506; show- : ing duality improvement: sausage bulls. $4.50®5.75. Calves—Receipts, 700: mostlv steady; plainer quality considered; bulk to sl3 downward; top. $13,50; common to medium, $10012; spot weaker on culls at downward to $9. and occasionally to SB. Sheep—Receipts, 2,000; mostly steady on good to choice lambs and largely $8.50® 875; bulk throwouts, $7.50 downward; sheep unchanged. By United Press EAST ST. LOUIS. 111., Jan. 13.—Hogs— Receipts, 15.00: market. 10®20c higher; top. $8.35; bulk. 140-220 lbs.. $8.20®8.35; 225-260 lbs.. $7.855 8.15: 100-130 lbs., *7.25 4*8.10; sows. $6.1506.35. Cattle—Receipts, 4.500; market, generally slow; indications about steady on steers, mixed yearling and heifers: vealers 50c lower at $11.50; other classes steady. Sheep—Receipts. 1.200: market, few small lot lambs to city butchers; steady at $8.75; packers talking 25c or more down; sheep steady; ewes. | $3.50 down. ; By Times Special LOUISVILLE. Jan. 13—Hogs—Receipts, i 500: market 10c higher; 300 lbs. up. *7.50; 223-300 lbs.. *7.85: 160-223 lbs.. *8.25; 130160 lbs.. *7.85: 130 lbs. down. *7.35: roughs. $6.25; stags $5.25. Cattle—Receipts. 200; market steady: prime heavy steers, *8.50 ®10; heavy shipping steers. *7.25®8.50: medium and plain steers. *607.25; fat heifers. *74*10; common to medium heifers. SSO 6.50: good to choice cows. *[email protected]: i medium to good cows. *3.7504.50; cutters. $3.2503.75; canners, S2®3; bulls, *3.50© | 5.50: feeders. *6.50®7.50: Stockers. $406; medium to good feeders. $5.5006.50. Calves —Receipts. 200; market, steady; good to cho.ee. sß®9: mediums, 55.50®7; common to medium. $3.500 5. Sheej—Receipts. 50; market steady; ewe and wether lambs. $8; buck lambs. $7: seconds. *5 down; clipped sheep. t2®3. Monday’s shipments: Cattle. ; 421; ca.’ves. 291; hogs. 143; sheep, none. i By United Pres* FT. WAYNE. L:d., Jan. 13.—Hog marj ket, 15S 25: higher; 100-140 lbs., *8: 140I 180 lbs.. *5.25: 180-200 lbs.. $8.15; 300-225 I lbs.. *8: 235-259 lbs., *7.85; 350-275 lbs., $7 JO; 275-100 lbs.. $7.80; J'jO-350 U.S.. j *7.45; roughs *6.35, stags, >4 50, calve-. * *Ui lambs, *7,75.

RFI IFVF 0n request ’ sent with sta mped O Jl-j JLi i JLj VHi addressed envelope, Mr. Ripley IT' HR IVnT wiU furms* l proof of anything II Un LIUI depicted by him.

„ 'Tt "... ( * A9> ~ ' J I-/3 1 UlftS SHOT By G.C.SCHILLINCS.

Dow-Jones Summary

TULSA —Daily average production of crude oil in United States in week ended Jan. 10 totaled 2.081,010 barrels, a decrease of 8,428 ban-els. according to Oil and Gas Journal. LONDON —New' York cables opened at 4.85% unchanged. Paris checks 123 76; Amsterdam 12,065; Italy, 92.755; Berlin, 20,415. Jewel Tea Company four weeks ended Dec. 27. sales $1,220,168 against *1,373,959 same week, 1929. For year ended Dec. 27. sales $15,475 240 against $16,758,761 in 1929. Purity Bakeries and subsidiaries, year ended Dec. 27. net $5.13 a common share against $7.02 a share in preceding year. Declared regular quarterly dividend of $1 on common, payable March 1, record Feb. 13. Midland Bank In statement as of Dec. 31. 1930, reported total assets of 455,356,851 pounds, increase of 9,467,360 pounds over Dee. 31. 19*9. and deposits of 395,632,143 pounds increase of 18,928,950 pounds. Insurance Company of North America declared 50 cents extra dividend, year ago paid $1 extra. Memphis Power and Light twelve months ended Nov. 30 profit $2,256,661 after taxes and charges, but before depreciation, against $1,997,356 In preceding twelve months. Canadian National Railways first week January gross' $2,775,684 against $3.a87,284 same period 1930; earnings include Central Vermont lines, but excluded eastern lines. November shipments of pneumatic casings by United States tire manufacturers was 2,834.331 against 3,489,300 in October and 3,338,671 in November. 1929. Production of pneumatic casings in November was 2,653,861 against 3,582,416 in October and 3.378,231 in November, 1929. Inventory of pneumatic casings on hand Nov. 39 was 9.594,732 against 9,802,687 Oct. 30. Manning. Bowman & Cos. omitted quarterly division of 37% cents on class A and 12% cents on class B due at this time in order to conserve assets. Noma Electric declared regular quarterly dividend of 20 cents. American Writing Paper Company’s 1930 net estimated at $1.68 a share on 89.266 preferred shares against $4.05 a share in 1929. United Staten mine production of copper amounted to 48,518 short tons in December against 53,141 in November and 74,772 in December, 1929. Production for 1930 totaled 690,363 tons against 1.006,203 in 1929. Sterling cables opened 4.85%; francs, .0302%, off Vt>; marks, 2377%, oft %; Spain 1042, up 2. Chicago steel producers, operating slightly above 40 per cent of capacity, a small increase over preceding week. Two blast furnaces recently banked are likely

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HORIZONTAL 42 Entrance. 4 Unit of force. 10 Not young. 1 Amidst. 46 Exclamation. 5 Walter Brown 11 Aye. 5 This pricks. 47 Rock contain- i s head of the 19 Premier Do--8 Collar center ing iron. jj m S. maso Berenin. New York. 48 Tiny rats Department? P r to ,* . 11* Steel center 49 Mature. r pft _ leader in —“ in Indiana. 50 Married. 6 L " 20 To run away. 13 Poem. 51 Round-headed _ ”*“* 21 Ugly, old 14 h ' m ” ,er ' B'>4 written SST-T 'ERTICAI b>- student, spy, Nathan 1 Epoch. before gradu- Tanning pot. ? 2 Insane. ation. 37 Silkworm. 15 Paradise. 3 W'rath. 9 Hastened. 28 cereal grass. 16 Ocean. YESTERDAY'S ANSWER 30 To maltreat. 17 Finishes. Mwvi,"i'v-r?i 31 Knocked. 18 Fortunes. HTIvV QHBQjR E WBBAIL. A 33 Extr* 21 Target. HIE WEBBA B E TbTA T 36 In line. 24 Chum. ÜBBBIO GIBB L E WBBM A 87 B,opin * w ** 25 Large glan- A D DB|D between dular organ. |=jjpc Sg Jf-1 t PnHfrj j "T" floors. 29 Beast. MXi 38 Blemish. 31 Prayer beads. IQ U|TpBM A;RmLT ± EJL. 39 Yale’s nick--32 Demons. QjF FIE PMPIAIDMN A B name. 33 Maple sirup. E TIbM I IDiBRIE 40 Woo, y Bur * 34 To knot. A TUU aUSPAPM face of cloth. 35 Fish. 43 Pattern block. 88 Bill of fare. F~l V j~ *7 pip 44 To frost. 41 Knock. IAiNII ILMTiEILILMAMDI 45Two ires. I V

to resume in week or ten days. Rail output continues at 50 per cent.

KIWANIANS TO MEET 400 Indiana Members Will Gather in City. More than 400 members from seventy-five clubs are expected in Indianapolis Wednesday and Thursday for the twelfth annual midwinter conference of Indiana Kiwanis at the Indianapolis Athletic Club. Five major objectives for 1931 including maximum club membership, building eight clubs during the year, raising the standard of weekly programs, fostering of servicegiving citizenship and the Indiana delegation to the national convention at Miami, Fla., in May, will be outlined. CITY MANAGER IDEA BEING ‘KEPT ALIVE’ No Bill, However, Has Been Drafted for Introduction in Senate.” Tlie movement to legalize managership form of municipal government in Indiana is being "kept alive,” but no bill yet has been drafted for 'introduction. Senator Joe Rand Beckett said Monday, speaking for the five Indianapolis senators who had the indorsement of the city manager league. Others besides Beckett interested in the bill are Senators Robert L. Moorhead, Winfield Miller, J. Clyde Hoffman and John L. Niblack, Senator Beckett said future conferences on the bill will be held, but it has not been decided whether any measure introduced would be similar to that passed by the legislature in 1921 and amended in 1929. The latter bill was held unconstitutional by a three-to-two decision of the supreme court and caused abandonment of plans for city manager government in Indianapolis.

B 7 Registered 0. 0. y l atent Office RIPLEY

Following is the explanation of Ripley’s “Believe It or Not,” which appeared in Monday's Times: The Padlocked Tree—So zealously was the injunction method used in northern California that the government actually succeeded in padlocking a tree. The tree was a redwood, twenty-four feet in diameter, situated six miles from the town of Dyerville. A hollow chamber in its base concealed a small still. The entrance was concealed by a strip of canvas painted to resemble bark. When the government had won its case in court, a placard which read: “Closed for one year for violation of the national prohibition act” was hung over the entrance. Accounts of this case were contained in newspaper dispatches of April 8, 1926. Wednesday: “The First Circumnavigator.’ ’ In the Air Weather conditions in the air at 9 a. m.: > . West wind, fifteen miles an hour; barometric pressure, 30.04 at sea level; temperature, 24; ceiling, 4,000 feet; visibility, eight miles; field, good. Arrivals and Departures Mars Hill Airport—West-bound T. and W. A. passengers included Mr. and Mrs. Williams F. Centner, Columbus, 0., and R. R, Parham oi Bronson, Mich. Hoosier Aiport—Dick Knox, pilot, with J. H. MacDuffee, vice-presi-dent of the Prest-O-Lite Company; Ryan monoplane, Indianapolis to Chicago: Ted Kincannon; Indianapolis to Cleveland, 0., Great Lakes plane. Fliers Study English Bn NEA Service CANTON, Jan. 13.--Because the English language is used widely throughout the world, all Chinese students at the military aviation, school here must take an intensive course in English. One hundred students are admitted to the school each year. After a strict course in aviation, each student is commissioned and receives $l4O a month. BANK HEAD IS NAMED Henry Langsenkamp Made President by Fountain Square Directors. Henry Langsenkamp, president of the Langsenkamp-Wheeler Brass Works, was elected president of the Fountain Square State bank Monday night. He succeeds the late William Nackephorst. Mahlon E. Bash former probate court judge was named a director. Other officers chosen were Charles H. Stuckmeyer, and H. J. Budenz, former cashier, vice-presidents, and Valentine F. Schneider, cashier.

UNREDEEMED Ladles’ and Gents' JPPI|OIAMOND RINGS 18-Kt. White Gold CTl'e Monntlnrs tZf KfpJl}* To Be js u * n B Bd Charge* R ffiN Only— ■ w Li M WOLF SUSSMAN If Established >8 Years V/ 239-41 W. Wash. Bt. Opposite Btatehoase

We Real Estate Preferred Ktll , Buy and Stocks and Bonds American aide Sell ZAISER & ZAISER 12# E. Market St

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 550!

.JAN. 13, 1931

CHAIN FUTURES ARE UNEVEN IN STEADY TRADE Profit-Taking Sales Force Corn Market Lower After Opening. By United Press CHICAGO, Jan. 13. Moderate buying and selling orders offset themselves in wheat on the Board of Trade today and the market opened around steady. Firmness at Liverpool and Buenos Aires aided July. Corn met profit-taking sales at the start and some selling on the weak stock opening. The market eased a small fraction. Oats held steady, showing resistance on the bullish statistics. At the opening wheat was 's cent lower to *8 cent higher, corn was unchanged to cent lower and oats were unchanged. Provisions wero about steady. Buenos Aires Higher The English market was about a$ expected today and at mid-after-noon prices were •' l * cent to % cent higher. Buenos Aires recovered an early decline and was cent higher shortly before noon. Short covering in old May has aided July lately, and given the market an air of firmness. Any hope for an advance in Canadian or United States markets rests on an improved demand from abroad. Wheat still is moving out of Can ada at a good rate, mostly to the orient. Stocks on passage and oi the continent are low. buyers are indifferent and seem confident there will be no advance and probably a decline when the southern hemisphere crop is marketed. Com in Demand Despite complaints that the eastern demand for com is being filled by Indiana and Ohio, the call here is good and the visible supply last week showed a decrease. The holding attitude of the farmers evidenced no change as is shown bv the light receipts and steady price for the cash article. There was a large decrease in the visible supply of oats last week and indicates inroads are being made in the stocks for feeding purposes. Receipts are running light and cash situation is steady. Chicago Grain Table L— Jan. 13— T— Prev. High. Low. 11:00 Close. Mar 81% .81% .81% .81% May ... 83% .93% .83% .83% July 67% .66% .66% .66' 2 CORN— Mar 70% .70% .70% .70% May 72 .71% .72 .71% July 73 .72% .73 .72% OATS— Mar 34 .33% .34 .33% May 34% .34% .34% .34% July ... ... .33% RYE— Mar ... .42 May .43% .43% July 43% 43 1 a .43% .13% LARD— Mar 8.57 Mav '. . 8.75 8.70 July 8.85 8.77 8 82 8.82 By Times Special * CHICAGO. Jan 13.—Carlots—Wheat, 213; corn, 168; oats, 16.

Local Wagon Wheat

Citv grain elevators are paying 70e for No. 1 red wheat and 68c for No. 1 hard wheat. Other Livestock By L'nited Prest TOLEDO. Jan. 13.—Hogs—Receipts. 400; market, 20® 30c higher; heavies, S7.SOC' 7.75; medium. 8.40; pigs. Cattle—Receipts, 50: market, slow; 25c lower. Calves—Receipts, light; market, steady. Sheep—Receipts. light: market, slow, 25c lowct. NEW YORK COFFEE RANGE —Jan. 12— High. Low. Close. March 6 00 5.93 5.98 Mav 5.87 5.83 5.86 July 5.78 5.73 5.76 September 5.69 5.65 5.6" December 5.53 5.50 5.53 RAW SUGAR PRICES —Jan. 12— High. Low Close January 1.27 1.24 1.24 March 1.36 1.32 1.33 Mav 1.42 1.39 1.39 Julv 1.49 1.46 1.46 September 1.57 1.53 i.53 December 1.64 1.60 1.60 TYPING SKILL STICKS Little Chance of Losing Touch, University Professor Finds, By Science Service STANFORD UNIVERSITY, Oal., Jan. 13.—The expert typist need not worry for fear she will lose her skill during periods -when she has no practice. Dr. J. E. Coover, of Stanford university, here, has found that typing skill persists even over a period of fifteen years in which no consistent drill was taken. The actual loss in skill during this time was only 4 per cent. Dr. Coover has made a careful analysis of the movements of expe rt typists. One of the interesting facts disclosed by his study was that when the typist is equally skilled with the use of left-hand and righthand levers for throwing back the carraige at the end of a line, the left-hand lever required 21 per cenr more time in typing English than the right-hand type.

White Valley Retreat A SANATORIUM FOR NERVOUS AND MENTAL PATIENTS Homelike Atmosphere and Hospital Efficiency EACH PATIENT UNDER SPECIAL OBSERVATION Reasonable Rates Information Upon Request 883 E. Wash. St. Phone 345 MARTINSVILLE, IND. The City of Healing Waters.’’