Indianapolis Times, Volume 42, Number 213, Indianapolis, Marion County, 14 January 1931 — Page 12

PAGE 12

STOCK SHARES ARE UNEVEN IN NARROWRANGE Atchison Is Weak Feature in Railroads; Steel Moves Lower.

Average Stock Prices

_,. Averß *# of thlrtv Industrial* for Tues- *** 165.95 off 2.04. Average of twenty utilities was 60.99. off 44. Averof forty bonds was 96.10, off 26. By United Press NEW YORK, Jan. 14.—Stocks opened irregularly lower; met support, on the lows and then moved without definite trend in a narrow range with trading quiet today. Leading issues were around the previous close at the outset. Steel, Westinghou.se Electric, Packard, International Nickel, Allied Chemical, General Electric. Standard of New York und Radio Corporation opened unchanged. American Can rose l'i to 111 and Auburn Auto gained % to 103, while Atchison was up a point at 189 in the rail;; and Standard of New Jersey was firm in the oils. Fractional declines were recorded in American Telephone, Standard Gas. Commercial Solvents, Montgomery Ward. National Biscuit, United Aircraft, Kennecott, Columbia Gas and Radio-Keith-Orpheum. Further selling came into Vanadium and the stock declined a point to 45%. United States Steel showed an easier tendency after the opening. It broke below the previous close of 141 to 340 Vi. Bethlehem Steel also declined. Atchison lost all of its initial gain while Westinghouse Electric held unchanged at 86 1 i. Trading continued quiet. Cotton futures held steady around the previous closing levels.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 14 Clearings *3,329,000.00 Debit* 7.078,000.00 CHICAGO STATEMENT —Jan. 14Clearings $78,900,000.00 Balances 9.700.000.00 TREASURY STATEMENT —Jan 14Net balance lor Jan. 12 $219,51-2.786.33 Expenditures ... 16.035.830.69 Customs rects. month to date 10,182.536.73

New York Curb Market

ißv Thomson & McKinnon ) —Jan. 14— 11:301 11:30 Am Com Par,. 12' Lion Oil 6V Ark Gas 5% Midwest Ut ... 19% Brazil P A; L.. 23’ H Mo Kan Pipe... 6% Can Marc 3% Mt Prod s'/a Cities Serv .... 16% National Inv .. 5% Cord 6 1 . Nia Hud Pwr... 10% Crocker &Wh.. B%Penroad 7 Durant Mot I%'Pricne & Whtly. 1 Elcc Bond Sh.. 42% Salt Creek 7% Ford of Eng... 17 Std of Ind 35% Fox Theater 4% Std of Kv 21% Goldman Sachs 6'n Std of 0hi0.... 54 C|nlf Oil 69 7 b Un Gas mew).. 9% iVlson Bav ... 4%;Un Lt & Pwr.. 24% Hwble Oil ... 60 Vacuum Oil .... 56% ln~Pete 14%!

Investment Trust Shares

i By R. H. Gibson & Cos.) —Jan. 14— PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amcr. Founder's Corp C0m.... 4% 5 Am. & Gen. Sec. *'A ’ 13% 14% Am. Inv. Trust Shares 5% 5% Basic Industry Shares 6%' 6% Corporate Trust Shares 5% 6% Cunnnulatlve Trust Shares 7% 7% Diversified Trustees Sh. “A”... 16% 17% First American Corp 7% 8% Fixed Trust Oil Shares 5% 6% Fixed Trust Shares "A" 15 .... Inv. Trust N. Y 7% 7% Leaders of Industry. Series “A" 8% .... Nation Wide Securities 6% 7% National Industry Shares 6% 6% N. Am. Trust Shares 5% 6% Sel. Am. Shares 5 5% Shawmut Bank Inv. Trust..., 8 9% Universal Trust Shares 5% 6% S W. Strauss Inv. Units 45 54 Super Corp. of Am. Tr. Sh. "A'* 6% 7% Fundamental Trust Shares “A" 6% 7% Fundamental Trust Shares "B“ 7% 7% XI. S. Elec. Light fc Pwr. 'A ' 29 31

Net Changes

Fit United rrcss NEW jyORK. Jan. 13.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange follow: Up. Off. American Can 109% ... 1% Anier Smelting 43% ... % Amor Telephone 184 ... 1 % Auburn 102% ... 6% Bethlehem 49% ... 1% Case 85% ... I*B Consolidated Gas 84% . . ->8 Erie 30 % ... General Electric. 43% ... % General Motors 35% ... % Gillette 27 ... % International Telephone... 23%. ... % Loew's. Inc. 47% ... % Natnl Biscuit (unchanged) 79% ... . . N Y Central 118% ... % North American 67 ... < PStkard 9% ••• % Pennsylvania .>9% ... % Radio • 13% ... % ■Sears Roebuca (unchanged) 4.% Sinclair 11% ... % .Standard Oil. N J 4.% ... ■ s Texas Corporation 31 ... % Transamerica 13% ... % U S steel 141 ... 1 Vanacium 46“* ... 4•* Westinghouse Electric 86% ... %

New York Bank Stocks

<By Thomson *fc McKinnon' —Jan. 13Bid Ask. America 59 62 Bankers . ill 114 Brooklyn Trust 500 010 Central Hanover 242 . 24. Chase National .... .. 96 98 Chatham Phoenix Natl.... 73 .8 Chemical 48', oO 1 , Citv National 91 94 Corn Exchange 133 12. Commercial 9j 310 Continental ?o’ 4 23’* First National 3.975 4.175 Guaranty 472 477 Jrvltut 35 3. Manhattan & Cos 83 86 Manufacturers 42‘j 44>, New York Trust 149 154 Public 60‘j 63 1 3 New York Liberty Bonds —Jan. 13— S'-.-S 101.28 Ist 4 l s 102.30 4th 4’is 103.27 Treasury 4’<s 113. Treasury 4s 108.25 Treasury 3;s 106.25 Treasury 3 s *s of 4 103.2 Chicago Stocks Opening (By James T. Hatnlll & Co.' —Jan. 14. Open Open. Bendix Avia ... 18 Mrslestic House.. 4’* Borg Warner .. 21 Marshall Fields. 30 Cent So West .. 18 Midland Unit C 20> 2 Cord Corpn ... 6’ Middlewest Com 19 3 4 Cont'l Ch CCo 7 Nat l Sec Pfd.. 65 Central Pub Ser 16 3 4 Nat'l Standard . 29U Grigsby Grunow 3‘? Swift & Cos ... 28 s < Elec Household. 24> Swift InternatT ,37 Tnsull Com 33’.> U S Radio & Tel 15 Insull 6s 1940.. Util & Ind Com 6 S RAW SUGAR PRICES —Jan. 13High. Jjtywr. Close. January , 1.61 l-61 1.61 March 134 1.31 1.32 jiav 1.40 1.37 1.39 July 1.46 1.45 1.46 B'ptember 1.54 1.51 1.53 December 1.62 1.59 1.61 NEW YORK COFFEE RAXGE —Jan. 13— High. Low. Close. Msrch ........r. 5*5 .... 5.95 May 5.80 3.71 5.73 July 5 71 5.59 5.61 Septembar .; 5.60 5.50 5.53 December 5 52 5.43 5.44

New York Stocks Thomion A McKinnon' ■

—Jan. 14— Railroad*— _ .. Prev. High. Ix>w 11:30 close. Atchison 189 187% 187' 2 188. Balt * Ohio. 78 77k 77k 77k i Cheaa A Ohio . 40k 40% 40'. 40k Chess Corp 40k 41 ‘Chi Ort West 6 s . 6% Chi N Wes* 59k 39k 39k 40 L, C R 1 & P 54k ! Del L & W 91 iDel 6c Hudson 144 ’Erie k 30 Erie Ist Dfd 40k Great Northern 64k ' Illinois Central 82 ; £5?<FWv:.!M* m% h* >*t, MKSc T 21k 21k Mo Pacific Dfd.. .. ... ... 9^ 'N Y Central ..119% 118 k 119 118 k I N Y N H & H. 86 85 88 87 ■Nor Pacific .. 54 53k 53% ... I Norfolk dc West 200 k ... O & W ... 7 7 ! Pennsylvania .. 60 59k 59k 59k ! Reading. • • ••• *>7* ! Seaboard Air L.. Ik 1 J ••• I .So Pacific 101 101 ' Southern. Ry , s*k 1 St Paul ik 7k St Paul pfd .... 13k 12% 12% 12k ! 8t L it 8 I 45k (Union Pacific ... . . 186 k Wabash 22 21k 22 22 W Maryland 15 14 k West Pacific. ... Ilk . . Ilk ll'/s Equipment*— .... Am Car & Fdy 31k 31 31 31k Am locomotive 25 24 24 ... Am Btele Fd 26k 26k Am Air Brake S 34k 35k Gen Am Tank . 59k General Elec . 44% 43% 4_ 43k Gen Ry Signal ‘ok Lima Loco 29k 29 N Y Air Brake _ 4k Pullman a® 05 k Westingh Ar B. ... 34k Weclingh Elec . 87 86% 87 6.4 Rubbers— Firestone .... ... **., Fisk k k 4a ' Goodrich 16 lak 15 7 Goodyear 43 43 Kelly Sprffld 1," Auburn 104 k 101 k 104 k 102 I Chrysler 16k 16k 18k 16 2 Graham Paige . .. • • 4k 4 General Motors.. 36 35% 35k 35k Hudson 22‘V 22 22 22k S".EE : >i‘ afc Marinon 6,* Nash 31k 30k 30k 30% Packard 9k 9 9k • 9Va Pierce Arrow ... ... 19k Reo 9 k 8% 8 k ... Studebaker 22% 22k 22’* 22k Yellow Truck ... 9k 9k 9k 9k

Motor Access— Bendlx Aviation. 18k 18 18k IBV2 Borg Warner ... 21k 21 21k 21 Briggs 17 16k Eaton I’k El Storage 53 Hayes Body ... 3k Houda 5 Stewart Warner 17k 17k Tim kin Roll 4512 45k Mining— Am Smelt 43k 43k 43k 43k Anaconda Cop,. 31k 31k 3lk 31k Cal & Hecla.. . 9 8k 8k 8% Cal & Ariz ... ... 37 k Cerro de Pasco 23% 23k 23',s 23k Dome Mimes 9Vi Freeport Texas. 31k 31k 31k 31k Granby Corp 16 Great Nor Ore. 20',4 19k 20V4 20 Howe Sound 22 Vi lilt Nickel . . .. 15k 14k 15', 15 Inspiration 8 8 '/a Kennecott Cop. 23k 23 Vi 23k 2334 Mamga Cop ... ... 21% Nev Cons 10k 10k 10k 10k Texas Gul Sul, 47k 47k 47k 47k U S Smelt 23 Oils— Amerada 20 19k 19k 20k Am Republic 7 Atl Refining 21 20k 20k 20k Barnsdall 12k 12k 12k 1214 Beacon 10 Houston 8k Indian Refining.. . . 3k 3% Mex Seaboard... 12k 12Vi 12k 12k Mid Conti 15% Pan-Amer (B) 35 Phillips 14k Pr Oil & Gas... 14k 14 1* 14k Pure Oil 10k 10V 10%, 10k Richfield ...... 4 k 4 k 4k 4k Roval Dutch 38k 38k 38k 39', Shell Un 9k 8k 9k 9k Sinclair Ilk Ilk Ilk Ilk Skelly 10k ... 10k 10k Standard of Cal 47k 46% 46k 47k Standard of N J 47k 47k 47k 47k Standard of N Y 24 23k 23?4 24 Texas Cos 31 30k 31 31 Union OH 24 24 Vi Steels— Am Roll Mills. 31% 30k 31k 31 Bethlehem .... 49k 49k 49k 48k Bvers A M 41k 40k 41k 41 Colo Fuel... 24Vi 23k Cruc Steel 58 56k 58 57% Inland 59k 59k 59% 60 Ludlum 12k 12V, 12k 12k Midland 22 Repub I fz S 17k 16k 17k 17k U S Steel 141 k 140 k 141 k 141 Vanadium 47 45k 46k 46k Youngst StW 22k 22% Tobaccos— Am Tob 1A) new 107 k . 107 k 108 Am Tob (B) new 110 109 k 109 Vi 109 k General Cigar 38 . : Lig & Mvers B 87 k 86 k 86 k 87 a i Lorlllard 13k 12k 13% 12k Reynolds Tob 42 41% Tob Pr A _ 10k 10k Tob Pr B 2Vi United Cig 4k ... Utilities— Abitibi 10 Adams Exp 18k 18k 18k 18k Am For Pwr ... 32Vi 31k 32k 31k Am Pwr &Li ... 47 46k 47 47 AT&T 183 k 183 183 k 184 Col Gas & El . .. 34% 33k 34% 34 Com & Sou 9 8k 9 9 El Pwr &Li .. 43 42k 43 42% Inti TANARUS& T .... 23k 22k 22% 22k Gen Gas A 5Vi 5 5 5Vi Natl Pwr & Li. . 33k 33% 33k 33 No Amer Cos ... 66k 65k 66k 67 Pac Gas & El ... 47k 47k 47k 47k Pub Serv N J . . 76% 75k 75k 77 So Cal Edison 47k 47% Std G & El 60k 60% 60k 61 United Corp ... 18k 18k 18k 18k Ut Pwr &L A . 23k 23% 23k 24'/, West Union . 139 k 139 139 k 139 k Shipping— Am Inti Coro ... 18k 19 Vi Atl Gulf & W I ~. ... 36k Inti Mer M nfd 15k United Fruit ... 56 55k 55k 56k Foods— Armour A 3k 3k 3k 3k Beechnut Pkg .... . . 51 54 Cal Pksf 47 46k 46k 47 Can Dry 33 Vi 33 33 Vi 33 k Childs Cos 26k Coca Cola 149 k 149 k Cont Baking A 21k 21k 21k 22Vi Corn Prod 79 78 s * 78 s * 79Vi Crm Wheat 27k ... Cudahy Pkg .... 42k 43% 42k 42% Cuban Am Sugar 4 Gen Foods 49k 49 k 49 Vi 49% Grand Union 11 11 Vi Kroger 19 18k 18% 18% Nat Biscuit .... 79% 79'i 79% 79k Safeway St 4040 Vi Std Brands .... 17k 17k 17k 17k Ward Bkg 4Vi 4% Industrials— Am Radiator .. 17k 17V* 17k 17k Bush Term 3k ~. Certainteed 3% Gen Asphalt 27k 27k Otis Kiev 56k 56Vi 56k 56%

Produce Markets

Keys (Country Run>— Loss off delivered in Indianapolis. 20c: henerv ouality No. 1 25c: No. 2. 15c. , Poultry (Buvlns Prices)—Hens, welshing 5 lbs. or over. I7e: under 5 lbs.. 15c: Leshorn hens. 11c: sprimters. 6 lbs., or over. 16c: or under 6 lbs.. 15c: ducks, springers. 11c: old cocks. 9®llc: ducks, full feather fat white, lie: treese. 11c. These price* are for No. 1 top ouaiitv auoted bv Kinean & Cos. Butter (wholesale)—No. 1. 31®31c: No. 2. 29®30c. Butterfat—2sc. Cheese 1 wholesale selllnp orlca pet pound'—American loaf, 31c: pimento loaf. 32cc: Wisconsin firsts. 27c: Lonehorns. 34c: New York Limberser. 3€e. By United Press NEW YORK. Jan. 14.—Potatoes—Market. quiet: Lorn? Island, $1.85®4 parrel; southern. $5 barrel: Maine, $3®3.75 barrel: Idaho. 45c®$3 sack: Bermuda. s7® 9.50 barrel: Canada. 70cff53.85 barrel. Sweet potatoes—Market, quiet: jersey baskets. ioc%s3: southern baskets. sl®2. Flour—Market, firm and ouiet; spring patents. $4.50®4.85. Pork—Market, dull; mess. $528.50. Lard—Market, steady; middlewest spot $8.95®9.05. Tallow—Market, quiet: special to extra, 4%®4kc. Dressed puoltry—Market. ' firm: turkevs. 30®44c: chickens. 20®39c: capons. 25®44c; fowls, 14W28c: ducks. 13®23c: Long Island ducks. 227 r 23c. Live poultry—Market, unsettled and normal; quotations not available. Cheese—Market, dull; state whole milk, fanev to special, 18®22’ic; young Americas. 17®20c. By United Press CLEVELAND Jan. 14.—Butter—Extras. 37c; standards. 26%c. Eggs—Extras, 25c; firsts. 24c. Poultry—Heavy fowls. 22c; medium. 18-19 c: Leghorn fowls, 17® 18c; heavy broilers, 23‘rt25c: Leghorn broilers. 15c: ducks. 25c; old cocks. 13c; stags, 20c; eeese, 15® 16c: capons No. 1. 28®33c. Potatoes—Maine Green Mountain, s2.so'<i 2.60 per 150-lb. sack: Idaho Russets. $2.25 #2.35 per 100-lb. sack. By United Press CINCINNATI. 0.. Jan. 14.—Butter, steady; creamery in tub lots, according to score. 23(ii26c: common score discounted. 2®3c: packing stock No. 1. 20c: No. 2. 13c: No. 3.10 c: butterfat. 31#23c. Eggs— Higher: cases, included: extra firsts. 27c: firsts. 23c: seconds. 20c; nearby ungraded. 25c. Live poultry—Thin and roarse stock sells only at heavy discount; fowls. 5 lbs. end over. 20c: 4 lbs. and over. 20c: 3 lbs. and over. 18c: Leghorns. 3 lbs. and over. 14c: roosters. 13c: capons, 8 lbs. and over. 32c: under 8 lbs.. 38c: slips. 21c: stags. 18c: colored fryers over 3 Ids.. 27c: over 3 lbs.. 37c: Leghorn and Orpington frvers. over 2 lbs.. 22c: roasting chicks. 4 lbs. and over, 22c: black springers, 15c. By United Press CHICAGO, Jan. 14.—Eggs—Market, receipts. 9037 cases; extra firsts. 24'ay25c: firsts. 226%®33*.ac: ordinaries. 19fi21c: seconds. 12<ffl6c. Butter—Market, firmer: receipts. 3.770 tubs: extras. 27c: extra firsts. 26®26%c: firsts. 24%ifi25%c: seconds. 23# 24c: standards. 36%c. Poultry —Market, about steadv; receipts. 3 cars: fowls. 21c: springers. 31c. Leghorns. 15c: ducks. 22c: geese. 14c: turkevs. 33ffi25c: roosters. 14c. Cheese—Twins. 15%QlS%c’ young America* 16c Potatoes—On track - . 166; arrivals. 58: shipments. 712: market, steadv to stronger: Wisconsin sacked round whites. $1.4501.60: Idaho sacked Russets. *1.85® 2j Colorado McClures, beaded! $1.9062>

Indus Chem— Allied Chem 167 V, 165% 167 165 k Com Son- 15k 15k Union Carb 57k 57k 57k 56k U S Ind Alco 60k 61% Retail Store)— Assoc Dry Cdg 24 Glmbel Bros ... 4k Kresge S 8 26k May D Store 20 k Mont Ward 18 k Penny J. C. ... 28% 28k 28% 29 Schulte Ret St. 4k 4 4 4k Sears Roe 48k 48 48k 47% Woolworth 57 36k 57 58 Amusements— Bruns Balke 12 Col Graph 8 k 8 8 8 Crosley Radio.. 4% ... 4k ... Eastman Kod ..152k 150 k 152 k 153 Fox Film A ... 27k 26k 27k 27 Grigsby Oru 3% 3% Loews Inc 47 46V* 47 47 Parana Fam ... 41k 41'* 41% 41k Radio Corp ... 13% 13k 13% 13k R-K-0 16V* 16 s * 16% 16 J * Schubert ... 4% 4% Warner Bros .. 16 15% 16 15% Miscellaneous— Airway App . ... 7k 7% Congoleum 8 8 Am Can 11l 109 k 111 108% Cont Can 49% 48 k 48 48% Curtiss Wr .... 3% 3% 3% 3k Gillette 8 R... 27k 26V* 27k 27 Real Silk 27k ... Un Aircraft ... 25k 24% 25% 24% OFFICERS ARE NAMED Indianapolis Exchange Regular Meeting Held. Members of the Indianapolis Stock Exchange named new officers for the year today at their regular meeting in the Union Trust building. New officers are: C. L. Falvey. president; H. F. Clippinger, vicepresident; A. F. Matzke, treasurer; Herbert Todd, secretary, and C. W. Weathers, board member. The new officers will constitute the board of governors.

The City in Brief

. THURSDAY EVENTS Indiana district. Kiwanis Clubs, conference, Indianapolis Athletic Club. Indianapolis Passenger Traffic Club, 6:30 p. m.. Chamber of Commerce. Advertising Club luncheon, SpinkArms. > Indiana state child health and welfare conference, 8 p. m., national guard armory. Indianapolis Engineering Society luncheon, Board of Trade. American Business Club luncheon, Columbia Club. Indianapolis Real Estate Board luncheon, Indianapolis Athletic Club. Sigma Xu luncheon. Board of Trade. Shrine Caravan Club luncheon, Murat temple. Sigma Chi Alumni Association luncheon, Board of Trade. Indiana League for the Hard of Hearing meeting, 11 a. m., Stokes building. Delegation from the Marott hotel Tuesday asked the safety board to place a bus loading station at Twenty-seventh and Meridian streets. Andrew Kostas, past president, will install new officers of the James Whitcomb Riley chapter, Order of Ahepa, at the Lincoln tonight. New officers: William Z. Biison, president; George Stalas, vice-president; Thomas Marinos, secretary; Peter Alexander, treasurer; Thomas Valas, chaplain, and Nick Hantzes, warden. Dr. Charles G. Obermeyer, a young English student of psychology and philosophy, who has made an exhaustive study of modem trends of education and its effect on present and future generations, will speak Sunday night at the open forum of Kirshbaum community center. Arrangements for Christian Endeavor week, Jan. 28 to Feb. 2, and a dinner for county Endeavor societies were perfected at a meeting in Irvington Presbyterian church Tuesday night. Promotion of Jerome J. Keene, federal narcotics operative in Indianapolis, to special representative of the United States narcotics department in Washintgon was announced today. Henry C. Kern was named president of the Holy Name Society of St. Philip Neri Oratory, Tuesday night. Other officers elected were Luther E. Taylor, vice-president; Lawrence Polliquin. secretary; John Ford, treasurer, and Joseph Solomon, marshal. Elmer E. Bontrager, 1234 West Eighteenth street, was appointed to the fire force by the safety board Tuesday. He succeeds George Stapp, who was retired on pension. Physical examination of detective Patrick Finneran was ordered Tuesday by the safety board. Finneran has been ill for six months. Men’s Club of Meridian Heights Presbyterian church will hear Charles F. Coffin, president of the State Life Insurance Company, speak on “Yellowstone Park” at a dinner meeting tonight. *‘A Major Objective in Education” will be the subject of an address of Schools Superintendent Paul C. Stetson at a fellowship dinner in Northwood Christian church Thursday night. Plans for the improvement of West Vermont street, from White river to Belmont avenue, were ordered drawn today by the works board over objections of a small number of property owners. Christian Men Builders’ membership group of the Third Christian church. Seventeenth street and Broadway, will meet at 7 tonight. Fletcher Savings and Trust Company today purchased a $75,000 municipal airport bond issue by the city with SI,OOO premium and 4 per cent interest. TWO INDIANA BANKS FAIL TO OPEN DOORS Westfield. Cutler Institutions Close to Conserve Assets. Two Indiana banks failed to open their doors this morning. The first was the Westfield State bank, Westfield. Ind. It was capitalized at $25,000, with $15,000 additional in surplus and undivided profits. Loans were 5175.G00 and deposits $155,000. L. J. Baldwin was president and F. D. Pike cashier. The second was the Cutler bank, a private institution at Cutler Ind. Capital was $10,000; lo.ms, SBO,OOO and deposits, $150,000. William Bordner was president and Ralph Cross, cashier. Both were voluntary closings to conserve assets, state banking commissioners said. y

THE INDIANAPOLIS TIMES

PORK MARKET OFF 10 CENTS AT CITY YARDS Cattle Fully Steady and Active; Vealers Even at sll Down. HOGS Jan. Bulk. Early Top Receipts. 7. $7.70& 8.40 $8 40 6,000 8. 7.50 k 8.20 8.20 8.500 9. 7.6041 8.15 8.15 6,000 10. 7.60 & 8.30 B.i 5 3.000 12. 7.556 8.25 8.25 5.000 13. 7.8041 8.55 8.55 6.000 14. 7.70® 8.40 8.40 8,0(0 The hog market today at the city I stockyards showed a decline of 10 !to 15 cents and mostly 10 cents i lower than Tuesday’s average. The bulk. 100 to 300 pounds, was selling at $7.70 to $8.40. Receipts were estimated at 8.000. Holdovers 139. General trade in the cattle mar- ! ket was active and fully steady, with j some strength in spots. Receipts were 1,300. Vealers were mostly stationary, selling at sll down. Receipts 500. Sheep and lambs little changed with all grades <f lambs selling at $8.50 down. Receipts, 1,300. Chicago hog receipts 35,000, including 8,500 directs. Holdovers 5,000. No early sales or bids, asking around steady with Tuesday's best averages. Buyers generally talking 10 cents or more lower. Good to choice hogs weighing 180 to 200 pounds, held around $8.25. Cattle receipts 8,500. Calves 2,000. and steady. Sheep 10,000, and strong. HOGS Receipts, 8,000; market, lower. —Light Lights—-(l4o-180) Good arid choice $ 8.40 _ —Light Weights—j (160-180) Good and choice.... 8.40 (180-200) Good and choice.... 8.30 i .... —Medium Weights—-(2oo-220) Good and choice B.lo® 8.20 (220-250) Medium and g00d... 7.90® 8.10 —Heavy Weights—-(2so-290) Good and choice.... 7.70® 7.90 (290-350) Good and choice.... 7.50® 7.70 —Packing Sows—-(27s-500) Medium and g00d.... 6.25® 7.00 (110-130) Slaughter pigs 8.40 CATTLE (Slaughter Class) Receipts, 1,300; market, steady. ' Good and choice $11.00%13.50 1 Common and medium 6.75®11.00 ! , (1,100-1,500) | Good and choice 10.50® 13.00 I Medium [email protected] -—Heifers—- _ . , (500-850) Good and choice 8.50(011.50 ! Common and medium 5.00® 8.50 I Good and choice 5.50® 7.50 : Common and' medium 4.00® 5.50 Low cutters and cutters 2.73® 4.00 ; . —Bulls (yearlings excluded) Good and choice beef 4.50® 4.50 Common and medium 3.00® 4.50 CALVES AND VEALERS Receipts. 500; market, steady. Good and choice [email protected] Medium 6.00 rd> 10.50 Cull and common 4.00® 6.00 —Calves—- . (250-300) Good and choice 6.00® 9.50 Common and medium 3.50® 6.00 STOCKERS AND FEEDER STEERS Good and choice $ 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, 1,300; market, steady. Good and choice $ 8.000 8.75 Common and medium 6.00® 8.00 —Ewes — Medium and choice 2.50® 3.75 Cull and common I.oo® 2.50

Other Livestock By United Press CHICAGO, Jan. 14.—Hogs—Receipts, 36.000, Including 7,000 direct; moderately active, 10@15c lower; heavies off least; top, $8.25; bulk 130-210 lbs., [email protected]; lbs., $740®7.90; pigs, [email protected]; few. $8.35; packing sows, [email protected]; light lights, 140-160 lbs., good and choice, sß.lo® 8.25; light weight, 160-200 lbs., good ana choice, $£53:8.25; medium weights. 200-250 lbs., good and choice, [email protected]; heavy Slights, 250-350 lbs., good and choice. 5'[email protected]; packing sows 275-500 lbs., medium a.nd good, [email protected]; slaughter pigs, 100-130 lbs., good and choice, [email protected]. Cattle—Receipts, 8,500: calves, 2.000; better grade fed steers and long yearlings strong to 25c higher, mostly 10@15c up: others steady to strong; general trade moderately active; she stock ruling steady to stroiur: best yearlings, $13.50; weighty steeers, $12.25; medium weights $13.25; slaughter cattle and vealers: steers, 600-900 lbs., good and choice, $9.75® 14.25: 900-1,100 lbs., good and choice, $9.75® 14.25; 1,100-1,300 lbs., good and choice. $9.75®14.25: 1.300-1.500 lbs., good and choice, $9.75® 14 : 600-1.300 lbs., common and medium, [email protected]; heifers. 550-850 lbs., good and choice, $7.75®11.75; common and medium, ss@B; cows, good and choice, [email protected]; common and medium, [email protected]; 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, $9®11.50: medium, $7.50®9: cull and commac, $5®7.50: Stocker and feeder; cattle steers, 500-1,050 lbs., good and choice, s7@9: common and medium. $5.50® 7. Sheep—Receipts, 10,000: steady to a shade lower; decline on fat lambs; few early sales to packers, [email protected]; top to city butchers, $8.60: fat ewes mostlv. $3.50®4; lambs 90 lbs. down good and choice. $7.85 ®8.75: medium. $6.75®7.85: 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, 5075 lbs., good and choice, [email protected]. By United Press CLEVELAND. Jan. 14.—Hogs—Receipts, 2.400; holdovers none: mostlv 15@25c lower; 210 lbs. down. $8.50®8.60: 220-250 lbs. $8.10; 250-300 lbs. downward to $7.85; rough sows. $6.75: stags, $5. Cattle Receipts. 350; slowu barely steady: around $7.60@8 on common steers; some bids lower, scattering downward to $6: fat cows around $5®5.50, and cutter grade largely $2.05®4; mostly steady. Calves— Receipts. 700; very uneven: in general weak to 50c in spots lower: few vealers above sl3: $12.50 downward on sizeable lots: common to medium. slo® 11.50. mostly; culls downward to SB. Sheep—Receipts. 2.000: mostly steady with Tuesday’s opening; spot 25c over close on fat lambs at [email protected] and occasionally $9 on packages to local killers; throwouts, [email protected], mostly, and aged sheep steady. By United Press EAST ST. LOUIS. HI.. Jan. H.—Hogs— Receipts. 15,500; market opened 10c lower on 225 lbs. down: no action on weighty butchers: top. $8.25: bulk. 150-225 lbs!. $8.10®8.25: 1001130 lbs.. [email protected]: sows, $6.15®6.25. Cattle—Receipts, 2,500; calves. 1.000; cattle run slow in arriving: early trading slow: prices fully steadv on steers; mixed yearling, heifer and cows strong: medium bulls steadv to 25c off: top medium bulls, $5.25. Sheep—Receipts, 1,200; few’ choice lambs to city butchers steady at $8.50: packers talking lower; throwouts, $535.50; fat ewes. $3.50 down. By United Press CINCINNATI, Jan. 14.—Hogs—Receipts. 3.400: holdovers 130: slow, unevenly steady to 10c low’er on 220 lbs. down; heavier weights in instances 25c lower in very spotted trade: better grade, 150-220 lbs., $8.40®8.60: mostly $8.50 late on 200 lbs. down: 25-250 lbs.. $8®8.25, some $8.35; 260-290 lbs., [email protected]: heavyweights downward to $7.25 or below; 120-140 lbs., mostly $8.25: sows weak; spots quoted lower: bulk $6.25; weighty kinds. $6. Cattle—Receipts. 325; calves. 500: slow, about steady; odd lots of lower grade steers and heifers. $8®7.75; few more desirable kinds upward to $9; most beef cows. $4.75 ®5.50; bulk lo cutters and cutter cows, s3@4; bulls. $5.85 down: good and choice vealers steady at $10®11: lower grades. $9.50 dowm. Sheep—Receipts, 350; slow, steady: better grade handywelght lambs. $8.50®9; common and medium. $6.50# 7.50; fat ewes, s2®3. By United Press PITTSBURGH. Jan. 14.—Hogs—Receipts. 1.500: market steadv to 10c higher; 120200 lbs.. $8.75®8.85: 200-240 lbs., $8.40® 8.65 : 240-300 lbs.. $8®8.25; packing sows mostly $6.50®6.75. Cattle—Receipts. 25; market firm: medium steers, $7.25®8.75. Calves—Receipts. 125; market slow to 50c lower: good and choice vealers. $10.50® 12.50. Sheep—Receipts, 225; market steadv choice handyweights. $9; medium grade $7.25. By Times Special LOUISVILLE. Jan. 14.—Hogs— Receipts 900; market, steady: 300 lbs. up. $7.50-225-300 lbs.. $7.85: 160-225 lbs., $8.25; 130160 lbs.. $7.85; 130 lbs. down. *7.25: roughs $6.25: stags. *5.25. Cattle—Receipts. 100market. steady: prime heavy steers. *8.50 @10: heavy shipping steers. [email protected] and plain steers. 56®7.25; fat heifers. *7®lo: common to medium heifers. [email protected]: good to choice cows. $4.50® 5.50: medium to gcod cows. *3.75® 450 cutters. $3.25 5 3.75: canners. s2®3: bulls, *3.50®5.50: feeders. *6.50®7.50: Stockers. s4®6: medium to good feeders, *5.50®6.50. Calves—Receipts. 200: market, steady; good to choice. $8®10: extreme tops. *10; mediums. $5.50®7: common to medium. *3.50 @5. Sheep—Receipts. 50: market, steadv; ewes and wether lambs. $8: buck lambs. $7: seconds. $5 down: clipped sheep. *2® 3. Tuesday’s shipments—Cattle, 148; calves. 88; hogs. 105: sheep, none. By United Press TOT .EDO. Jan. 14.—Hogs—Receipts 450: market, 10@15c lower; heavies, *7.50® 7.66; medium. *[email protected]; Yorker*, sß® 8.25; pigs, *8®8.25. Cattle—Receipts, light; market slow. Calves —Receipts, light; market, steady. Sheep—Receipts, light; market, steady.

Week’s Market and Loan Value Trend

.-evnxANnAl. —-V, fci.V'SrWSsSfeLj— r rt—l—!i—1:1 'ililllj il j world a| j r:TiilliTlT'k.:.'i(tT- : iHI —r ; 1 *il ) I I- I 1 i—l j I ~rrrrn~r market "■•ftttt" - j i i—j—l —! ! i U r valuation ; wo I j | .;! 1 a— —j... ■ ii : ! > t——.—!—:—U *an *-1 ——— | •**“/ ' k (\ I A I 1 ' ' I r : : L ,Ik. ~c j !r- ~f*t— 1 /W \! i : i— ' VOLUME OF SALES TTHI I , 1 U I I 'A \.. l_j_ I ! ! I : limn I |TH L r -Hr Ip — : . 1 1J \ j~ ’ f '' ' l ■l l 'll i • ii!! j!‘'T 'Ni . -i IJI . • I j I.U 1 ! i I ‘ ufc. !.J 1111 II I II . I l | TANARUS! ! I.? ! 1 -J/-i 1„| ,iij 1 ; ~—l ■—; ' i ——ft r-—--1 :rt?HTt->"Tr|Ti lfeMMililllM ill! 11l I :i— i U mflTlllllliili flffrfflffb

The “market value” trend lines show, in billions of dollars, the actual market valuation of all stocks listed on the New York Stock Exchange; the solid line reflects the figures reported once a month by the Stock Exchange, whereas the dotted line shows the week to week compilation by the Financial World. The “loan ratio” expresses the percentage of brokers’ loans (to Stock Exchange members) to total

PROGRESS OF BILLS ' IN LEGISLATURE

HOUSE CALENDAR

House Bills Introduced Jan. 14 ' H. B. 26 (Cantley)—Providing for appointment of county attorneys and any necessary assistants for a term of one year by the board of county commissioners. (Counties and Townships.) H. B. 27 (Schlegel)—Amending 1903 bill for removal of drifts in small streams to define drifts and obstructions as natural growths of any kind obstructing the streams. (Drains and Dykes.) H. B. 28 (Grimm)— Amending 1907 probate court law to eliminate probate courts outside of Indianapolis. (Organization of Courts.) H. B. 29 (Grimm)—Amending 1903 juvenile court law to eliminate juvenile courts outside of Indianapolis. (Judiciary B.) H. B. 30. (Crawford) —Providing fines and sentences for any person knowingly making, directly or indirectly, false statement In writing respecting solvency of person or corporation in which he is interested, to gain delivery of personal property, cash, loans, credit or notes. Penalties of fines from $1 to SI,OOO and sentences of one to five years. Emergency repealing 1913 law on false statement. (Banks). H. B. 31. (Evans)— Repealing appropriation sections of the 1927 act for control and eradication of corn borer and Japanese beetle. (Agriculture). H. B. 32. (Kenney. Fries) —Providing state aid tor tubercular patients. (Public Expenditures). H. B. 33. (Wilson) —Reducing legal interest from 3k per cent to five-sixths ol 1 per cent a month or 10 per cent a year on small loans with a penalty for any contractual relations between the parties (Judiciary A). H. B. 34 (Evans. Haines, Black) —Providing a uniform poll tax of $2.50 throughout the state for every woman and man over 21 and under 50 years of age. (Ways and Means.) H. B. 35 (Black and Galloway)—lmposing a tax of 25 cents a gallon on wort and of 5 cents a pound on malt syrup or extract sold; to be administered by state auditor and net revenue going to free school book fund. (Ways and Means). H. B. 36 (Black and Galloway)—lmposing a tax of from $1 to $lO a thousand on cigars; $1 a thousand on cigarets; 1 cent an ounce on smoking tobacco; 6 cents a pound on chewing tobacco and 1 cent on each 50 cigaret papers; to be administered by state auditor with net revenues going to free school book fund. (Ways and Means.) H. B. 37. (Bates)—Defining powers and duties of city councils and works boards In first class cities In purchasing, leasing and maintaining airports. Provides no lease be made for more than ten years and providing through the works board for creation of a municipal airport fund through the sale of bonds. (City of Indianapolis). H. B. 38. (Bates)—Defining duties and obligations of city, county, railroads. Utilities, private corporations business concerns and individuals maintaining structures across streams affecting flood prevention work, making no radical changes in present law as to payment and apportionment of co?L (City of Indianapolis). H. B. 39. (Galloway)—Prohibiting courts from Issuing injunctions in labor disputes, defining exceptions and public policy toward labor and repudiating so-called “yellow dog contracts. Upholds right of laboring classes to organize without interference. State Federation of Labor measure. (Judiciary A). H. B. 40 (Galloway, Black—Providing for creation of a state free text book fund, the money to be derived from taxes on malt and tobacco products. (Education.) H. B. 41 (Connor) —Licensing stationary engineers and boiler operators at $5 for license and $2 for renewal. (Labor.) H. B. 42 (Dean)—Permitting city to sell Barrett law bonds at less than par. (City of Indianapolis.) H. B. 43 (DeanI —Providing procedure and methods of appeals from board of public works and park commission. (City of Indianapolis.) H. B. 44 (Weiss)—Repealing act of 1919 providing for organization of reciprocal Insurance associations but not affecting pending litigation. (Insurance.) H. B. 45 (McKesson)—lncreasing mortgage exemptions from SI,OOO to $1,500. (Judiciary A.) H. B. 46 (Finney)—Changing distribution of the state gasoline tax so that the state will receive 2 cents instead of 3 cents: and the remaining 2 cents will be dividend among the counties and cities and towns on basis of free mileage and population. (Counties and township business.) H. B. 47 (Crawford) —Repleaing 1927 act defining cognovit notes. (Banking.) H. B. 48 (Crawfords) —Repealing act concerning contracts to pay money for confeslson of judgment under power of attorney before a cause of action to enforce money due. or giving consent to Issue of execution under power of attorney. (Banks.) H. B. 49 i'Kasselink)—Voiding and declaring against public policy provisions in employment contracts whereby either party agries not to join, become or remain a member of labor unions or employer organization or undertakes in such event to withdraw from employment. (Labor.) Bills Passed Jan 12 H. B. I (Bennett) —Appropriating $150,000 to defray expenses of the Indiana general assembly, under suspension of rules. Bills Introduced Jan. 13 H. B. 2. (Allardt)—Licensing any distributor of literature, books and advertising matter in cities of 10,000 population or over, excepting publishers of magazines and newspapers. (Cities and Towns). H. B. 3. (Babcock) —Providing for repeal of teacher tenure law. iCounties and Townships). H B. 4. (Byers and Evans)—Providing for licensing of motor vehicles and trucks on the basis of $l5O a year for first ton and $75 a ton a year up to and including eight tons. Not to apply to farmers or persons hauling personal property up to two tons, and providing SI,OOO fine for violation. Emergency. (Roads). H. B. 5. (Connor) —Providing motor trucks be taxed on a mileage basis to raise funds for keeping up of highways. (Roads*. H. B. 6. (Connor)—Amending act regulating carriers of persons and property by motor vehicle, supplemental to act creating public service commission, to provide exceptions for tax' . hotel busses, funeral busses or school busses. (Roads). H. B. 7. (Crawford)—Amending legal holiday act to Insure validity of payment, certification or acceptance of checks or other negotiable instruments or other transactions in banks during holidays or Saturday afternoons on which they choose to remain open. (Banks). H. B. 8 (Ellyson. Stanton, Cory, Ega... Foi*y. Hoffman*—Abolishing fee system for Dublic officials in Lake county and establishing in lieu salaries from $3,600 to SIO,OOO. (Fees and salaries.) H. B. 9 (Ellyson and Egan)—Providing for redistrfeting of Lake county to give North and Calumet townships a county commissioner each, the remainder of the county to have the third commissioner. H. B. 10 (Evans) —Providing for a state income tax on blanks identical with federal income tax and in one-half the amount oaid as federal income tax. (Ways and Means.) H. B. 11 (Grimm)—Providing liens for hospitals, nurses, physicians and surgeons for services, care and treatment given injured persons, on Judgments and settlements obtained bv reason of Injuries. (Medicine and Public Health.) H. B. 12 (Gwln)—Permitting farmers to vaccinate their own livestock, amending state livestock sanitary board statute. (Agriculture.) H. B. 13 (Gwin)—Providing for levy of tax to support elementary and high schools of state and providing for its apportionment and distribution, thereby changing the unit of control from the township or county to the state. (Ways and Means.) H. B. 14 (Karrer)—Cutting petty loan Interest on sums of S3OO or under from 3k to 1 per cent. (Judiciary A.) H. B. 15 (Kenney)—Delaying opening of the rabbit season Iron Oct, 1 to Nov. 10

market value of securities listed. The solid line shows the Stock Exchange’s figure, reported monthly, while the dotted line shows the Financial World s computation of changes which have occurred during the month. Percentage of monthly sales to total number of listed shares is shown by the line “percentage turnover in sales.”

when quail season opens. (Natural resources.) H. B. 16 (Kistler)—Amending legal holidays act making Nov. 11, Armistice dav, a holiday. ‘Judiciary B.) H. B. 17 (Kistler)—Making it unlawful to operate a motor boat on any lake 325 acres or smaller at more than ten miles an hour from April 1 to June 15. Fines and sentences on sliding scale. (Rivers and Waters.) H. B. 18 (Krueger)—Repealing an act authorizing the sale of park iands by fourth-class cities. Cities and towns. H. B. 19 (Krueger)—Giving any city or town adjoining or on Lake Michigan right to construct seawalls to prevent washing away of beaches. (Rivers and Waters.) H. B. 20 (McCammon. Black. Galloway)—Providing an old age pension of not more than $25 a month or S3OO a vear to indigent persons over 65 years of age. 15 years a resident of the state and county. H. B. 21 (Place) —Changing terms of county road superintendents from four years to one year. (F.oads.) H. B. 22 (Smith of Laporte)—Repealing act providing for repair and maintenance of levees and dikes constructed by court order, Emergency. (Drains and Dikes.) K. B, (Weiss) —Amending present gas tax law. turning all of the 4-cent tax funds over to the state highway commission for roads. (Judiciary A.) H. B. 24 (Weiss)—Proposing one-half of the gas tax fund be turned over to counties in proportion to their contribution to the fund. (Judiciary A.) H. B. 25 (Bold)— Providing for trial of indirect contempt cases in the lower courts by a special Judge and of indirect contempt cases in the supreme and appellate courts by a special commissioner authorized to report publicly his findings and fix punishment If any. (Criminal Codes.)

SENATE CALENDAR

Bills Introduced Jan. 14. S. J. R. 1 (Moorhead)—Creating a commission of seven, appointed by the Governor. to study possibilities of county consolidations and reduction of judicial circuits. (Finance.) S. C. R. 2 (Lochard. Beckett. Hartzell. Perkins of St. Joseph. Morris)—Creating a commission of nine, three each appointed by the Governor. Lieutenant-Governor and Speaker of the House, to investigate tendency of increased state government by boards and commissions and to recommend checks, or abolition of duplicated efforts. (Judiciary A.) S. B. 8 (Adams)—Changing line opposite name of candidate on primary ballots to sauare, as on ballots used in the general election. (Elections.) S. B. 9 (Alldredge)—Free textbooks to be financed by state malt and tobacco tax. (Education.) S. B. 10 (Brown) —Providing $25 monthly salary for water works trustees in fourth class cities and letting them hold other public offices. ‘Emergency. Cities and towns). S. B. 11 (Moorhead) —Providing fine of from $lO to SIOO and sentence up to sixty days m jail for removal of natural fish foods from Indiana lakes and streams. ‘Natural resources.) S. B. 12 (Niblack)— Regulating size, height, length and weight of trucks and buses and making violation a misdemeanor. (Roads). S. B. 13 (Raber) —Licensing and bonding abstractors, providing three member commission appointed by Governor. (Judiciary B.) S. B. 14 (Shaw)— Legalizing incorporation of Ulen In Boone county, despite any errors or defects in proceedings of the county commissioners. (Cities and towns.) S. B. 15 (Tormohlen)— Taking municipally owned utilities out of public service commission Jurisdiction. (Corporations.) S. B. 1 (Adams, Holmes)—Reducing the length of time of probate to six months within discretion of the court. (Judiciary A.) S. B. 2 (Adams) —Making Armistice day a legal holiday. (Public rights and franchises.) S. B. 3 (Nejdl, Chambers) —Providing for old pension to Indigent persons over 65 who have been residents of state and county fifteen years, state and counties to share the cost equally. (County and township business.) S. B. 4 (Niblack)—Repealing the 1907 “horse thief detective’’ act. (Judiciary A.) S. B. 5 (Brown, Rowley)—Providing SSOO annual traveling allowance for all circuit judges and for superior court Judges whose districts embrance more than one county. (Judiciary B.i S. B. 6 (Tormohlen) —Prohibiting the use of oleomargarine In state institutions other than penal. (Agriculture.) S. B. 7 (Moorhead)—Providing for whipping of persons convicted of felony if they were in possession of deadly or dangerous weapons at time of ‘.omr'lssion of the crime. (Criminal code.) HOUSE BILLS PASSED IN SENATE (Jan. 12) H. B. 1 (Bennett)—Appropriating $150.000 for expenses of the seventy-seventh general assembly. Births Boys James and Esther Shaner. 1623 Linden. Elmer and Audra Welch, 1743 Laurel. Robert and Ellen Miller, 1620 Montcalm. Harry and Aurllla Klmmel, Methodist hospital. Harrison and Hilda Hack. 1201 Bates. Carl and Dora Harbin, 1551 South Belmont. Harold and Anna Brandenburger, 2104 College. Mauric and Fern Thompson 832% River. William and Hortense Woodfork, 310 Smith. Frederick and Julia Alexander, Coleman hospital. Maynard and Louise Fisher, Coleman hospital. Laurice and Neva Hail, Coleman hospital. Stuart and Irene Hedges, Coleman hospital. Harold and Josephine Miller, Coleman hospital. William and Minnie Nickels, Coleman hospital. Girls Albert and Hazel Gibson, 3109 West Washington. Glen and Ruby Porter, 1656 Livingston. Harold and Phyllis King, Methodist hospital. Harold and Ruth Stultz, 816 East Fifteenth. William and Irma Alsman, Methodist hospital. Walter and Betty Sharp, Methodist hospital. Michael and Dorothy Raftery, 858 Parker. Scott and Gladys Plckel, 1841 West Washington. James and Llndy Ferguson, 514 Patterson. George and Anna Roberts, 415% East Ohio. Clayton and Josephine Burton, 579 Jones. John and Mary Hynes. 2739 North La Salle. Eldon and Zilla Baker. 553 Goodlet. lester and Beulah Adams. Coleman hospital. rtioyal and Ellen Bechtold, Coleman hospital. Herman and Miriam Dlnkel. Coleman hospital. Charles and Vivian Mahan, Coleman hospital. Julius and Julia Riley, Coleman hospital. Charles and Carolyn Schuesler. Coleman hosoital. Glen and Nora Stewart. Coleman hospital. Miniature Golf Shoes Now , By United Press BOSTON, Jan. 14.—Sport shoes designed especially for women miniature golfers are exhibited at the Boston national shoe style show. These shoes have leather soles.

Dow-Jones Summary

LONDON—New York Cables opened at $4.85%, against 4.85 15-32; ‘Paris checks ! 123.83; Amsterdam 12.065; Italy 92.735; Berlin 20.435. Farm bankruptcies during fiscal year ended June 30. 1930 numbered 4.464, a decline of 10 per cent from preceding year department of agriculture reported. Cattle on feed for market in 11 corn belt states 10 per cent smaller on Jan. 1. than year ago according to department of agriculture; number this year smallest since 1921 and probably smallest since 1916. Chicago Burlington & Quincy R. R., If months net 511.72 a share, against $15.36 i a share in like 1929 period. New Orleans Public Service 12 months ended Nov. 30, profit $3,153,469 after taxes and charges, but before depreciation against $2,878,850 in preceding 12 months. Offering of 250,000 shares United Gas Improvement $5 dividend preferred stock priced at S9B a share being made by Drexel & Cos. and Bonbright & Cos. Freight loadings in United States in week ended Jan. 3. including holiday, totaled 615.382 cars, an increase of 76.963 over preceding week, but 160,373 below like 1930 week, and 183,300 below 1929 week. Scott Paper net sales in 1930 increased 9.1 per cent to $8,468,608. Domestic crude oil production in week ended Jan. 10 averaged 2.084.900 barrels dally, an increase of 2.800 barrels over preceding week, but 604,350 barrels below average in like 1930 week. American Petroleum Institute reports. Gasoline stocks declined 197,000 barrels to 30,583,000. November net operating Income of 171 class 1 railroads, including sixteen switching and terminal companies, was $63,069,103 against $86,610,631 In November. 1929. Eleven months 5831.510.031 against $1,202,707,319. Sally Frocks. Inc.. December sales declined $10,296 from year ago to $448,487. Twelve months sales $4,664,048, increase of $727,611. Bill introduced in congress recommended by treasury department for issue of additional $8,000,000,000 bonds under second Liberty Bond Act. Texas Corporation declared effective the plan for acouirlng Indian Refining on basis, of eight shares of Indian Refining for one share of Texas Corporation, extended to Feb. 14, time for making addiitonal deposits. World construction of Merchant Vessels In fourth Quarter totaled 2.326,086 gross tons a decline of 243.000 from previous quarter of which Great Britain and Ireland accounted for 207,000 tons while United States showed gain of 20,000 tons. R. J. Revnolds Tobacco Company. 1930 net $3.42 a combined common and common B share against $3.22 a combined share in 1929. Alleghany Corporation declared regular quatterly dividend of $1.38 on preferred, payable Feb. 1, record Jan. 23. Tri-Continental Corporation 1930 net profit equal to $1.61 a common share. Investments included syndicate participations, but excluding corporation’s own stocks held costing $39,585,696; had market value on Dee. 31, of $11,753,118 less than cost. Liquidating value of common $lO.Ol a share. New York & Honoduras Rosario Mining declared an extra dividend of 25 cents and regular quarterly dividend of 25 cents payable Jan. 31. record Jan. 20. Three months ago declared 12k cents extra and on Dec. 27 last paid special dividend of 50 cents.. Sweets Company of America, 1930 profit $132,165 after charges, but before federal taxes against $132,035 in 1929. .National Licorice Company declared ‘ dividend of $2 on common, payable Jan. 22, record Jan. 2. Six months ago dividend of $1 was declared marking first common payment since July, 1928.

Indianapolis Stocks

—Jan. 14— Bid. Ask. American Central Li Inc Cos. 1,000 Belt R R A S Yds Cos com.. 47 51 Bit R R Yds Cos pfd 51 56 Bobbs-Merrill, Cos 25 Central Indiana Pw Cos pfd 7s 79 83% Circle Theater Cos com 75... 98 Citizens Gas Cos com 105.... 22 Citizens Gos Cos pfd 5s 98 103 Commonwealth In Cos pfd 7s 97 101 Commonwealth In Cos pfd... 100 Hook Drug Cos com Indiana Hotel Cos Clapl com. 125 Indiana Hotel Cos pfd 6s 100 Indols Gas Cos com 6s 55 60 Indpls Pwr Lt, & Cos pfd 6'/ 7 5.102 105 Indpls Pit W’elf L Assn com 8s 51 Indpls Water Cos pfd 5s 101 Interst Pu Ser Cos pr li pfd 6s . 83 •Inter Pu Ser Cos pr li pfd 7s 9fi 102 Metro Loan Cos ’Bs ~101 N Ind Pub Serv Cos pfd 5%s . 94 •North Ind Pub ServCo pfd 6s 98 102 Northern Ind Pu Sv Cos pfd 7s 95 110 Prog Laundry Cos com 31 E Rauh <fc Son Fertil Cos pfd 6s 47 Terre Haute Lt & Pwr pfd.. 67 Union Title Cos com 5s 29 34 Van Camp Prod Cos Ist pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s 98 Auburn Automobiles Cos c0m..102% 104** Backstay Welt Cos com 12 13 Ind Pipe Line Cos.. 16 19 Link Belt Cos com 29 30% Lynch Glass Machine Cos com 13% 16% Mead Johnson & Cos com 76V* 71% N Y Central Railroad Cos 119% 121% Noblltt-Sparks Industrials Inc. 40 42 Perfect Circle Cos com 25 24 Real Silk Hosiery Mills Inc Cos 26 28 Real Silk Hosiery Mills pfd.. 83 85 Ross Gear <fc Tool Cos 21 24 Standard Oil Cos (Indiana).... 36 36% Studebaker Corporation 21% 23% Ter Haute Trac & Li Cos 5s •Ex-Dividends. Bonds Beit R R & Stk Yds Cos 45.... 85 Broad Ripple Trac Cent Ind Gas Cos 5s 102 Citizens Street Railroads 55.. 23 27 Home T & T of Ft. Wayne 6s. 102 Ind Railway & Light Cos 55... 94 Indpls Pwr & Lt Cos 100 102 IndlanaDoli* Gas Cos 5s 100 102% Indpls <fc Martlnsv Ra Hr Cos 5s 15 Indpls & Northw Trac Cos 55.. 5%. Indpls St Ry 4s 13 Indpls Trac & Term Cos 5s ... 42% 43% Indpls Union Ry 100 Indpls Water 5s 98 Indpls Water Cos 5%s 103 105 Indpls Wa Cos Ist lien <fc Ref 5s 984* ... Indpls Water Cos 4%s 95% ... Indpls Water Works Sec Cos 5s 89 No Ind Pub Serv Cos 5s 99 No Ind Teleph Cos 6s 98% 100 Deaths Lola Lewis. 22. Central Indiana hospital, general paralysis. Fred Miller, 52, 731 Prospect, coronary occlusion. Phyllis Jane Arford, 1 hour, Methodist hospital, cerebral hemorrhage. Elizabeth A. Miller, 78, city hospital, chronic myocarditis. John C. Carroll, 63. 2355 North Pennsylvania. angina pectoris. Fred Remele, 56, city hospital, chronic nephritis. Lisetta Myers, 86, 718 East Minnesota, arteriosclerosis. Marietta E. Steele. 83. Splnk-Arms Annex. chronic myocarditis. Mathew J. Welns. 69, 104 Cherry Grove, chronic myocarditis. Fred Kinney, 50, 923 Pace, lobar pneumonia. L

_JAN. 14, 1 m

WHEAT HIGHER DESPITE WEAK . FOREIGN NEWS Co/n and Oats Are Fraction Lower in Early Part * of Session. By United Press p CHICAGO. Jan. 14—Despite weak foreign markets, wheat resisted pressure as the Board of Trade opened this morning. j U j V eased a small fraction with the old crop months being firm. Trade was small and scattered selling was offset by moderate buying orders. Corn again met selling and reacted after the late advance Tuesday,. Oats were off a small fraction witH corn. At the opening wheat was unchanged to % cent higher, with July % cent lower, corn was % to •* cent lower and oats were H ceni. lower. Provisions were dull an steady. Foreign Prices Off Liverpool has not been folio win* the strength here recently. Prices opened steady at the English market, but lower than expected and broke 1 to l's cents lower by midafternoon on the lower Argentine exchange and Buenos Aires reaction. The latter market was off I'.k centj near noon. The trade in wheat is mostly in the way of evening up in May, with traders gradually getting out of that month. It has more strength owing to the report that government agencies have been picking up wheat, in the southwest and northwest under the prevailing prices at ChicagcA This steady though fractional advance has been causing shorts to cove., especially foreigners. July virtually is free of old crop hedges which make shorts apprehensive. Shipping Demand Good Indications are that there will by heavier corn feeding with the return of colder weather. There is more money in feeding in the interior than shipping to terminal markets. This may account for ih j increased marketing of wheat, farmers having no fear of a decline under the stabilized prices and prrfering cash sales. Oats have been following the trend in corn. The visible supply is ample, but the shipping demand is good, thus firming the futures. Chicago Grain Table . —Jan. 14WHEAT- p rP v. „ w High. Low. 11:00 close. March 82k .82 .82% .82 r May 84% .33% .83% .83% July 67k .66% .e? 14 - .67k CORN— March 70 k 69% .70% .70% Maw 71% ,71k .71% .71% Jul* „ 72% ,72k .72% .73 oatS’w March 34% .34% .34% .34% Mav 34% .34% .34% .34% March 42 Mav 43% 42% .43' :% ' July .43% LARD— March 8.62 8.70 Mav 8.77 8.87 July 8.87 8.97 By Tines Special CHICAGO. Jan. 14.—Carlots: Wheat. 55; corn. 83; oats, 13.

Local Wagon Wheat

Citv grain elevators are paying 70c for' No. 1 red wheat and 68c for No. 1 hard wheat. Other Livestock By United Press FT. WAYNE, Ind.. Jan. 14—Hogs Market, steady to 5c lower: 100-140 lb? *§i 140-160 lbs.. $8.20; 160-180 lbs.. 93.20 : 180-200 lbs.. $8.10: 200-225 lbs.. $7.95; 225250 lbs.. $7.80: 250-275 lbs.. $7.65; 275-* 300 lbs.. $7,555; 300-350 lbs . $7.40: roughs. $6.25; stags. $4.50: calves. $11; lambs. $7.75. By United Press EAST BUFFALO, N. Y„ Jan. 14.—Hogs - Receipts, 5,500; holdovers. 1,000; weights below 220 lbs. active to all Interests, steady to 10c lower, weightier kinds draggy, 10®20c lower: bulk desirable 170-210 n?s-. *[email protected]; 160 lbs. and down *8.75 Hit- 220-240 lbs., [email protected]; 2SO-290 lbs.. sß#/8.25: packing sows, [email protected]. Cattle —Receipts 275; cows active, strong to 25c. higher, cutter grades $2.50®4.25; medium steers, $9.50: calves, receipts, 125; vealers a, 0 *?- steady to weak, good to choice. *l2® 12.50; common and medium, $7®9.50 Sheep—Receipts, 600: lambs unchanged good to choice $8 [email protected]; strictly choice • ni ‘ CAR SYSTEM EARNINGS DECREASE $77,212.24, Gross Revenues for November Off $73,353.68 From 1929 Period. Gross revenues of tha Indianapolis Street Railway Company decreased $73,353.68 In November, 1930, over November, 1929, and operating; expenses for the month last year increased $9,669.40, according to a. report filed with the public service commission today. Net earnings for the month were $29,433.66, a decrease of $77,212 54 over November, 1929, and when deductions had been made for payments on securities, the compar.v showed a loss of $21,611.84. Gross revenues for the month were $333,386.34, and operating expenses $286,393.54. HOTEL MA’NAGEFTna'MED R. I. Griffith in Charge of Antlers; Townc Club to Be Opened. R. I. Griffith, formerly assistant general manager of Albert Pick hotels, operating fifty hotels in the. middle west, has been appointed managing director of the Hotel Antlers, 750 North Meridian street, this city, Griffith is directing the opening of the Towne Club Saturday night in the ballroom. He has had many years of experience in operating hotel chain in the middle west.

CAMPBELL and COMPANY BONDS and STOCKS Trustee Standard Oil Shares 1418 Fletcher Trust Bldg. RI. mi

James T.Hamill & Company Private Wires to All Leading Market*. Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trad* Indiana polls Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tat Blley 6493—RUey 54M