Indianapolis Times, Volume 42, Number 214, Indianapolis, Marion County, 15 January 1931 — Page 13

JAN. 15, 1931.

STOCKS SHOW j FIRM TONE IN QUIETSESSION Richfield Is Weak Issue in i Oil Futures; Steel Makes Gain.

Average Stock Prices

pi thirty Industrials for Wednesday tu 187.46. up 1.51. Average twenty rail* was 103 97. up .82. Aver- ** of twenty utilities wag 51.42. up .41. Average ol forty bond* was 95.02, oft .08. United Prrtt NFW YORK. Jan. 16.—The stock market presented a firmer tone at the opening today with a few declines, but with many issues up fractionally. The weak feature was Richfield Oil, which opened 20.000 shares at 3H. anew low, and a decline of % from the previous close. The stock then dipped to 3%, on blocks of 2,100 shares. 2,800 shares and 6,000 shares. Later it sold 7,500 shares at 3%. United States Steel opened at I*l%, up %, and then advanced to 141%. Small gains were made by Chrysler, Radio, Lorillard, Union Carbide, Gillette, Warner Bros. Pictures. Electric Power, General Motors and J. I. Case. Pennsylvania featured the rails with a rise of nearly a point to 60%. Coppers eased, with American Smelting at 44%, down %. Oils were steady. Selling has been heavy of late in Richfield. The stock last year sold as high as 28 ’i and as low as 4%. Today's price of 3% is a record low. During the early trading Richfield came back % point from its low. The market generally held steady to firm in dull turnover.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 15— Clearings $3,342,000 Debits 6,702,000 CHICAGO STATEMENT —Jan. 15 — Clearings $80,800,000 Balance. l 9,800,000 TREASURY STATEMENT —Jan. 15— ' Net balance for Jan. 13 $304,930,427.06 Expenditures 17.838.502.91 Customs reets. month to date 10,813,575.17

New York Curb Market

(By Thomson & McKinnon) —Jan, 15— 11:30| 11:10 Amer Com Pwr 12% Humble Oil .... 60 Am Gas ft El.. 73 ! Insult Ut 33% Ark Oas s%jlnt Pete 14% Brazil P & L... 32% Midwest Ut .... 20V* Can Marc 3 ;Mo Kan Pipe... 6% Cities Serv .... 16Va National Inv .. 5% Cord 6% Nia Hud Pwt., 10% Elec Bond Sh.. 41% Noranda 14% Ford of Can .. 24 | Penroad 7 Ford of England 16%]Std of 1nd...., 86 Ford Os France 7% Std of Ohio 55 Goldman Sachs 6% Un Gas (new).. 9 Oulf Oil 89% Un Lt ft Pwr.. 34% Hudson Bay .. 4% Vacuum Oil .... 57%

Investment Trust Shares

(By R. H. Gibson ft Oo.) —Jan.. 15— PRICES ARE *TO 12 NOON C. . T. Bid. Ask. Amer Founder’s Corp c0m.,.. 4% 8 Am ft Gen Sec A 18% 14% Am Inv Trust Shares 5% 5% Basic Industry Bhares 6H 6% Corporate Trust Shares 5% 6% Cumulative Trust Shares 7% 7% Diversified Trustee Share* A 16% 17% First American Corp 7% |% Fixed Trust Oil Shares 8% 8% Fixed Trust Shares A 15% ... tnv Trust N Y. 7% 8% Leaders of Industry Series A.. 8% ... Nation Wide Securities §% J% National Industry Shares.... 6% 6% N Am Trust Shares 5% 8% 3el Am Shares 5% 5% Shawmut, Bank Inv Trust 7% 9% Universal Trust Shares 5% 6% 8 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% U S Elec LI ft Pwr A 29 81

New York Bank Stocks

(By Thomson ft McKinnon) -Jan. 14America Brooklyn Trust 512 Central Hanover 245 350 Chase National 97 160 Chatham Phoenix Natl... 76 i9 Chemical 48% 50’, City National 93% ,25** Corn Exchange 123 126 savs:!:::::::::::::: Srst r Niitioni.i Guaranty 478 488 Manhattan ft Cos §3 £9 Manufacturers 131 164 New York Trust 61 84

Net Changes

By United Preit NEW YORK, Jan. 14.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: up. off. American Can _■■■■_ ;_...11Q34 1 ••• \mrtcan and foreign Pwr S2* ’4 ... American Telephone 180. % ... Anaionda 33% 1% ... Bethlehem s<>% % ••• Case 86% 1% ... Consolidated Oas 84*4 *4 ... Electric Powar 48V* 1% ... General Electric 44% 44 ... General Motors 55"4 V* ... International Nickel 1544 % Kennecott 24% % ... Loew’s Inc 4<% % ... Montgomery Ward 17% % ... North American *7*4 *4 ... N Y Central 120 lli ... Pennsylvania 49*4 ... % Sears Roebuck 48% 1 Standard Oil J 48 % ... Standard Oil N Y 24V4 % ... Transamerlca, unchanged.. 13% United Corporation 19V4 % ... U S Steel 141% % ... Vanadium 47% % ... Westinghouse Electric 86*4 *4 ... New York Liberty Bonds —Jan. 14— SVaS 101.81 lat 4Vis 103.20 4th 4%s 108.28 Treasury 4 Via 118.80 Treasury 4s 108 39 Treasury 3 Vis of *47 108.40 Treasurv 3Hs of ’43 1... 103.34 Marriage Licenses Albert S. Kldwell. 21. of 818 South Missouri. chauffeur, and Freda J. Poynter. I*. of 836 South Drover. James V. Cleland. 31. of 3809 North nsvlvanla. salesman, and Helen E. Strickland. 31. of 3961 Washington boulevard. clerk. Oliver A. Blake, it. of 1513 Blaine, clerk, and Frances L. Orr. 17. of Ben Davis, shipper Edward N Trees. 58. of 373* Roosevelt, laborer, and Mary E. Rardln. 50. of 1131 North Haugh. cook. James L. Cooper. 44. of Lafayette, boilermaker. and Mvrtle Van Dusen, 43. of 4037 East New York, nurse. Buren Hatchett. 31. of 2086 Columbia, laborer, and Clarlne Murrell. 18. of 1113 Martlndale. RAW SUGAR PRICES • —Jan. 14 — High. Low. Close January £ss 1.35 1.35 March 1.33 1.80 1.31 May 1-3* lie I.SB July 1 45 1.44 1.4S September 1.5* 1.51 1.52 December 1.80 1,50 1.80 NEW YORK COFFEE RANGE —Jan. 14— *tSa .Tuiv '...y.y.'.'.'.'.y.y.y.'. ; 1 40 Ho September 5.70 3.55 5.70 December 5.70 5.50 68S

New York Stocks ‘ ißv Thomson * McKlmna)

-Jan. 18— Railroad*— Wfc. bow. U-itO tic** Atchison if* AU Coast Lins., .. IJ} 11* Balt Sc Ohio .... 78% 77% I?? 4 Chess 8c Ohio .. 41% 41 41 41% Ch**o°t?e*t 11. * "*% ‘"4% j 4% Alt i*p l M'/ 55% 54V* 84% Del LBt W Vi 91% 92 99% Erie 89% 90% 80% 90% Great Northern. .. ... ... •* Oulf Mob 8c Oil. .. ... ... : mmols Central.. • 87 87 88V* LeOU Nash .... ~ ... 104 Vs 104 MKBc T ~24% 94% 33% 31% Mo Pacific N Y central ....128% 119V* 119% 130 Nickel Plate JJ NY NH ft H ... H% Nor Pacific 65% 55 55 55 * Norfolk 8c West 200% O 8k W 7% Pere Marq 80 77% Pennsylvania ... 90% 59% 59% 59% 80. Pacific 101% 101% Southern Ry .. 59% 59% 59% 59 St Paul 7% 7% St Paul pfd ... 13 13% 12% 12% St LBc S P 42% 45% Union Pacific 189V* 199% Wabash *9% *3 W Maryland 18% 15% West Pacific 11% Equipment*— Air. Car & Fdy 33% 92 32 32 Am Locomotive ... ... 2* 24 Am Steel Fd 38% Am Air Brake 8 ... ... 95 34V1 Gen Am Tank 59% General Elec ... 44% 49% 49% 44% Oen Ry Signal 70% Ulna Loco 29% 39% Press Stl Car 4% Pullman 58 Westingh Ar B 94% 34% Westingh Elec. 87% 84% 85 88% Rubber#— Firestone ... ... 17 17 Fisk % % Goodrich 19 19 Ooodyeer 44% 44% Lee Rubber 3% U S Rubber ... 13% 12% 12% 12% Motor*— Auburn >104% 102% 103 104 Chrysler 18% 16% 18% 18% Gardner 1 % Graham Paige.. 4% General Motors.. 36% 35% 38 35% Hudson 23% 32% 23% 23% Hupp 8% 8% Mack 38 Marmon 6% Nash 82 31% 31% 32 Packard 9% 9% Pterce-Arrow 19 Reo i% Studebaker .... 22% 32% 32% 33% Yellow Truck .. 9% 9% 9% 9% Motor Aeces*— Bendlx Aviation. 19 18% 18% 18% Borg Warner... 22% 21% 31% 22 Briggs 17% 17 17 17% Budd Wheel 9% Eaton 14% Houda 4% Motor Wheel 15% Sparks W 10% 10% Stewart Warner . ... 18% 18% Timken R 011.... 45 44 % 44% 45% Am SmAt 44% 44 44% 44% Anaconda Cop.. 31% 32% 33% 33% Cal 8c Hecla 9% 8% Cerro de Pasco.. 24% 24V* **% 34 Dome Mines .... 10 9% 10 9% Freeport Texas _ 80 32 Granby Corp ... 18% 18% 18% 16% Great Nor Ore 30% Howe Sound ... 22% 33% Int Nickel 15V* 14% 14% 15% Inspiration ... 8% 8V Kennecott Cop.. 24% IK% 24% 24% Magma Cop 32% 32% Miami Copper 8% Nev Cons 11% 11% 11% 11% Texas Gul Sul .. 47% 4'l 47 47% U S Smelt 23 Oil*— Amerada ... 20% Am Republic... 7% ... Atl Refining.... 30% 20% 20% 30% BamsdaU 12% Beacon 10 Houston 9 Indian Refining.. 4 3% 8% 4 Mex Seaboard.. 18% 13% 13% 13% Mid Conti 15% Phillips 14% 14% 14% 14% Pr Oil 8c 0a5.... 13 13% 12% 13% Pure OU 10% 10% Richfield 3% 3% 3% 4% Roval Dutch 89% Shell Un ... 9% 9% Sinclair 11% 11% 11% 11% Skelly 10% 10% 10% 10% Standard of Cal 47% 48% 46% 47% Standard of NJ4B % 47% 47% 48% Standard of N Y 34% 34 34 34% Texas Cos 31% 31% 31% 31% Union Oil ..... 32% 33% 22% 24% Steel*— Am Roll Mills.. 30 39% 2974 81 Bethlehem 50% 49% 50% 50% Byers A M .... 42% 43 43 42% Colo Fuel 24% 24 24 2474 Cruc Steel .... 55% 65% 55% 57 Inland 59% 59% Ludlum 13% 18 Midland 227a 22% Repub I & 8... 17% 17 17 1774 U S Steel 141% 140% 140% 141% Vanadium 47% 46% 46% 47% Youngst S & W 32% ... 23% 22% Tobaccos— Am Tob Anew. 108 107% 107% 107% Am Tob B new.llo% 109% 109% 110% General Cigar 38% Llg ft Myers B 87% 87% 87% 87% Lorillard 13% 13% 13% 11% Phil Morris 9% Reynolds Tob .. 43 42% 48 48 Std Com Tob S Tob Pr A 10% 10% 10% 10% United Ctg 4% Utilities— Abltlbt , 16 Adams Exp 19 1C Am For Pwr..., 53% 39% 39% 32% Am Pwr ft Id.. 47% 46% 46% 47 AT* T 184% 1687* 163% 184% Col Gas & 81.... 34% 33% 33% 34% Com Sc Sou 9 9 El Pwr 43% 43% 437a 43% Gen Gas A.... 5% 5 5 8% Inti Tft T 38% 23% 32% 3374 Natl Pwr & LI.. 34 33% 3374 £4% No Amer Cos 67% 66% 6674 6774 Pac Gas ft 81.... 47 48% 46% 47% Pub Ser N J 76% 76% So Cal Edison... 47% ... 47% 47% Std G 8c El 63 ... 62 62 United Cora.... 19% 18% 18% 19% Ut Pwr Ss L A.. 34% 34 24 24% West Union 189% 14074 Shi oping— Am Inti Corp.... 19% 18% 18% 19% Inti Mer M pfd 15% 16 United Fruit .... 56% 56% 56% !% Food*— Armour A 3% 3% Beechnut F*g ... 81 Cal Pkg 46% 4674 Can Dry 33% 33% 33% 83% Childs Cos 267* Coca Cola 150% 150 150 152 Cont Baking A. 22 ... 22 22% Corn Prod 79% 77% 77% 79 Crom Wheat 27 Cudahy Pkg 4274, 43% Gen Foods .... 49% 49% 49% 50% Grand Union ... 11 11 Hershey 88 Kroger 19% 19% 19% 19% Nat Biscuit 80% PiUsbury 37% ... Safeway St .... 40% 40% 40% 41 Std Brands ... 18 17% 1774 18% Ward Bkg 4% Drag*— Coty Inc 8% 8% Lambert Cos ... 63% 80% 80% ...

Produce Markets

Egg* (Country Ron)—Loss off delivered In Indianapolis, 36c: henery Quality No. 1 35c: No. 3.15 c. Poultry (Buying Prices)—Hens, weighing 5 lbs. or over. 17c; under 5 lbs.. 15c: Leghorn hens, lie; springers. 5 lbs., or over. 18e: or under 5 lbs.. 15c; ducks, springers. 11c; old cocks. 9@llc: duck*, full feather fat white. 11c: geese, lie. These prices are for No. 1 top cuallty auoted by Ktngan ft Cos. Butter (wholesale)—No. 1. 31031 c: No. 3. 29 0 30c. Butterfat—2sc. Cheese (wholesale gelling orle# per pound)—American loaf. Sic: pimento loaf. S3ce: Wisconsin firsts. 27c: Longhorns. 84e: New York Llmberger. 36c. By United Press NEW YORK. Jan. 16.—Potatoes—Market quiet and easy; Long Island. 51.8554 per barrel; southern, |5 per barrel; Maine. $8 @3.75; Idaho. *sc@9s; Bermuda. $708.50; CaneWa. [email protected]. Sweet potatoes—Market quiet: Jersey baskets. 75c@$3; southern baskets. sl®3. Flour—Market easy: spring patents. 64.8004.85. Pork —Market auiet; mess. $28.50. Lard—Market easier: mlddlewest spot. 8.8008.90 c per lb. Tallow —Market easy: special to extra. 4%®4%c. Dressed poultry—Market steady to firm: turkeys. 30® 44c; chickens. 20@39e; capons. 25044 c; fowls. l*®2Bc; ducks. 13023 c; Long Island ducks. 320 23c. Live poultry—Market irregular; geese. 13@25c; ducks. 14038 c; fowls. 18025 c; turkeys. 284?40c: roosters. 12013 c; chickens. 17025 c; capons. 37028 c; broilers. SO @Ssc. Cheese—Market auiet; state whole milk, fancy to special 18@331bc; young Americas, 17020 c. By United Press CINCINNATI. 0.. Jan. 15.—ButterSteady; creamery In tub lots, according to score. 33026 c: common score discounted. 2@3c: packing stocks No. 1. 30c: No. 2, 13c: No. 3.10 c; butter fat. 31023 c. Eggs —Steady; cases. Included; extra firsts, 27c: firsts. 33c: seconds. 36c: nearby ungraded. 25c. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 30c: 4 lba. and over. 20c; 3 lbs. and over, 18c: Leghorns. 3 lbs. and over. 14c: roosters. 13cu capons. 8 lbs. and over. S3c: under 8 lbs.. 38c: slips. 21c: stags. 18c: colored fryers, over $ lbs.. 39c: over 3 lbs.. 37c; Leghorns and Orpington fryers, over 3 lbs.. 23c; roasting chickens. 4 lbs. and over. 23c; black springers. 18c. By United Press CHICAGO. Jaa. IS.—Eggs—Market. Tmsettled: receipts. .5 cases: extra first* 23%®24c: first*. 22022%c: ordinerita. 20c; seconds. 12@15f. Butter—steady; receipts. 5.602 tubs; extras. 27c; extra firsts. 56028%c: firsts. %%: seconds. 23®24c: standards. 3% e. Poultry—Market. steady: receipts, 1 car; fowls. 30 %c: springers. 31c: Leghorns, lie: young Americas. 16c. Potatoes—On tract;. 13 arrivals. 47c: shipments 891: market, steady; Wisconsin sacked RsSßnd White*. $1.4001.50: Idaho sacked Russeta J1.85U 3; Colorado McClures, branded. $1.9603. By United Press CLEVELAND. Jan. 15.—Butter—Extra*. 37c: standards. 3*%e. %**—*xras. 34c; firsts. 33@34c. Poultry-Heavy row is. 31e; medium. 17016 c: Leghera fewia. 15017 c; heavy broiler*. 23®39e: Leghorn broilers. 15c; ducks. 3Sc: old cocks. 13e; vtus. Me; geeee. 15016 c: capons No. L 390U(t Potatoes—Maine oreen Ut.. %L5003.<M per 120 ’lb. sack; Idaho Russet, $3.3503.35 per 106-lb. Sack.

liisitrlili Am Radiator... 17% 18% 17 17% Oertointeed ... ... ... 3% 3% Oen Asphalt ... 23% 28% 38% >7% Lehigh Port ... ~ 18 Otis Elev 88 53% 84% 88 Indus Cheat*— Allied Chem ... 185% 194% 184% 186% Com Solv 16 15*, 15% 16 Union Carb ... 68 88% 86% 57% U 3 Ind Aleo 63% 83*4 Retail Store*— Assoc Dry Od* 34% 34% May D Store... 31% 31% 31% 31% Mont Ward.... 17% 17% 17% 17% ”1 ::: 7 Ift Sft S5 S' Amusement*— Bruns Balke 13 cro.leP’lUip'.'.* ft * Sj, ft RFRSiW.;:*#’* *8 ‘BS 'BS Grigsby Gru... |% 3% 3% 3% Loews Inc 47% 47% 47% 47% Param Pam.... 41% 41% 41% 41% Radio Corp 14 13% 13% 13% R-K-O 17% 16% 18% 17 Bchubert , ... ... 4% Warner 8r05... 18% 15% 16% 18% Mlaweilaneoti*— Airway Add... 7% City Ice 8c Pu 38% Congoleum 8% 7% 8% 8 Am Can 11l 108% 109% 110% Cont Can 48% ... 49% 49 Curtiss Wr 3% 4 Gillette 8 R.... 38% 27% 3874 87% Real Silk ~ 1.. 37 37% Un Aircraft... 39% 24% 34% 36% Chicago Stocks Opening (By James T. HamlU ft Oo.) —Jan. 15— Bendlx Aviation 19 . jlnsull 6s 1940... 88% Borg Warner .. 33 , Majestic Hsehold 5 Cent So West. 19 Marshall Fields. 3874 Cord Coran ... 67i Midland Utd c. 2174 Conti Chi Cor c 7%|Midland Utd pfd 20% Central Pub Ber 17%'Natl Securities c 4% Comnwealth E 34 Noblltt Sparks.. 43 Chi Securities. 17 .Swift Internatl. 35% Grigsby Grunow 3% U 8 Radio <Sc Tel 15% Elec Hsehold.. 24%'Ut1l ft Indu com 6% Insull com 34%1Ut1l ft Indu pfd 17% INCREASE IS NOTED IN CANADIAN GRAIN MART National Railways Report Large Gaia in Car Loadings. By United Frets WINNIPEG, Man., Jan. 15.—Large Increases in grain marketings and loadings during the period Aug. 1, to Dec. 31, last year as compared with the corresponding period of 1929 are shown in a year-end grain statement issued by the superintendent of car sendee for the Canadian National Railways. Grain marketings along the company’s lines during the five-month period of 1930 totaled 126,626,000 bushels against 96,145,000 bushels in 1929. in 1930, 94,644,000 bushels of grain were loaded into 70,154 cars, while in the corresponding period of the previous year loadings amounted to 62,662,000 bushels, or 46,933 cars. LARGE ORDER PLACED Quick Production Is Promised by Steel Corporations. By United Prcta MONTREAL, Quebec, Jan. 15. An order for 3,700 box cars and general service cars has been placed by the Canadian National Railways. Work on the cars will commence immediately. ntie National Steel Car Corporation, Hamilton, will build 1,000 fiftyton steel frame cars, and the Canadian Car and Foundry Company, Montreal, 1,700 cars of the same design. The cars will be placed in service on all parts of the system. In addition to these orders, the Eastern Car Company of Trenton, N. J., will build 500 fifty-ton composite general service cars and 500 seventy-ton composite drop-end gondolas.

The City in Brief

FRIDAY EVENTS Indiana State Child Health and Welfare Conference, meeting. Claypool. Optimist dub luncheon. Claypool. Altruea Club luncheon. Columbia dub. Knights of Columbus luncheon. SpinkArms. Phi Delta Theta luncheon. Chamber of Commerce. Indianapolis Round Table luncheon. Lincoln. _ Delta Tan Delta luncheon, Columbia Club. Master Fainter*’ Association luncheon. Antlers. _ . First Ward Republican Club, 6 p. Clark's Wall. Delta Chi luncheon, Splnk-Arms. United States Naval Academy Graduates luncheon. Colombia Club. Reserve Officers’ Assoeiatlon luncheon. Board of Trade. Eben H. Wolcott, former state banking commissioner, will speak on, “Philatelic Investments,” Friday night at 8 at the session of the Indiana Stamp Club at the Lockerbie. Three hundred Indiana grain dealers are expected to attend the thirtieth annual convention of the Indiana Grain Dealers’ Association afe the Board of Trade, Jan. 22 and 23. Arthur Jordan, Indianapolis business leader and philanthropist, has been elected president of the Postal Life Insurance Company of America. District sales conference of the Crane Company opened today at the Columbia Club to continue through Saturday, with 100 representatives present. The Personnel Association of Indianapolis will hold its ninth anni\al meeting tonight at the Lincoln. In session here today director* of the Indiana City Planning Association decided to submit to the legislature an amendment to the thoroughfare law allowing any Indiana city that wishes, to adopt it. At present, the statute applies only to Indianapolis. Frank E. Strouse of Chicago, special representative of the Pennsylvania railroswl, will speak at a meeting of the Butler Commercial Club at the Chamber of Commerce tonight. James E. West, national executive of the Boy Scouts of America, will speak before members of the Exchange Club Friday noon at the Lincoln. Part of a national program of the National live stock and meat board, Max O. Cullen, Chicago, will demonstrate new manners of preparing lamb for the table, at the Chamber of Commerce at 8 p. m. tonight. Economic topics will be discussed by the Commerce Club at Butler in the second smoker of the semester at the Indianapolis Chamber of Commerce tonight. A. B. Strauss, Chicago, will speak. Miss Beatrice H. Gofamaa, 1819 Woodlawn avenue, today was appointed reporter in the Marion oounty grand jury chambers, by Criminal Judge Frank P. Baker. Sons of the American Revolution will decorate a statue of Benjamin Franklin on the lawn of the International Typographical Union home, 2890 North Meridian street, at 4 p. m. Friday, |be 225th anniversary of his birth. v

THE INDIANAPOLIS TIMES

PORKER PRICES DROP 10 CENTS AT STOCKYARDS Cattle Slow and Unchanged; Sheep, Lambs Mostly Quarter Lower. * HOGS Jen. Bulk. Eerly Too Receipts. 8. 37.50® 8.29 88.20 8.500 9. 7.80$ B.l* 8.16 EOOO 10. 7.60# 8.30 8.15 3.000 13. 7AO 8.35 8.25 5.000 18. 7.80 8.55 8.55 6.LOC 14. 7.73® 8.40 8.40 8.000 15. 7.60® 8.30 8.30 6.500 The potic market today at the Union Stockyards was generally 10 cents lower than Wednesday’s average. The bulk, 100 to 300 pounds, were selling at $7.60 to $8.30. Receipts were estimated at 6,500. Holdovers 150. Cattle market mostly steady, with general trade slightly less active than Wednesday. Receipts 1,000. Vealers were stationary, selling at sll down. Receipts were 500. Sheep and lambs largely 25 cents lower, with a general grade of lambs selling at $8 down. Practical tops sold at $8.25. Receipts were I, Chicago hog receipts, 54,000, Including 16,000. Holdovers, 5,000. Market generally asking fully steady with Wednesday's average, few early sales around 10 cents lower. Weights around 170 to 190 pounds, sold at SB, few light weights up to $8.15, some held higher; good to choice hogs weighing 250 pounds were selling at $7.55. Cattle receipts, 7,000. Calves, 2,000, and strong. Sheep receipts, 11,000, and strong. HOGS Receipts, 8,586: market, lower. —Light Lights—-(l4o-160) Good and choice. .8 8.36 —Light Weights—-(l6o-180) Good and choice 8.30 (180-200) Good and choice... 8.30 —Medium Weights—-(2oo-320) Good and choice.. B.oo® 8.10 (330-250) Medium and (rood.. 7.80® 8.00 —Heavy Weights—-(3so-290) Good and choice... 7.80® 7.80 (290-350) Good and ohoioe... 7.40® 7.60 —Packing Sows—-(27s-500) Medium and R00d... 6.00® 8.75 (110-130) Slaughter pisrs 8.30 CATTLE (Slaughter Class) Receipts, 1,660; market, steady. Good and choice Common and medium 6.75®11.0C Good and choice 10-50@i3 00 Medium 7.00# 10.50 —Heifers—-(soo-850) Good and Choice Common and medium 5.00® 8.50 Good and choice 5.50® 7.50 Common and medium 4.00® 5.00 Low cutters and cutters...... 2.75® 4.00 —Bulls (yearlings excluded)— Good and choice beef 4.50® 4.50 Common and medium 3.00® 4.50 CALVES AND VEALERS Receipts, 566; market, steady. Good and choice 319-50® 11.00 Medium Cull and common 4.00® 6.00 —CalTe*— (250-300) Good and choice 522$ 152 Common and medium 3.50® 6.00 STOCKERS AND FEEDER STEERS Good and choice 8 5'52!l S's 2 Common and medium ....... 4.50® 8.50 Good and choice 6.50® 850 Common and medium 4.75® 8.50 SHEEP AND LAMBS Receipts. 1.S00; market, lower. Good and- choice * 512 Common anand Medium and cholfce * ? ??@ 2'ZJj Cull and common 1-00® 3.50 Other Livestock By United Press CHICAGO, Jan. 15.—Hogs—Receipts, 64.000, including 18,000 direct; weak to 10c lower than Wednesday’s average; heavies off most; top, 88.20; bulk 130-210 lbs., [email protected]; 220-300 lbs., [email protected]; pigs, J7.85<g.8.15; packing sows, [email protected]; light lights, 140-160 lbs., good and choice. light weights, 180-200 lbs., good and choice, $7.9008.30; medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights, 350-350 lbs., good and choice, [email protected]; packing sows, 275-500 lbs., medium and good, [email protected]; slaughter pigs, 100-130 lbs., good and choice. [email protected]. Cattle —Receipts. 7,000; calves, receipts, 3.000; fed steers and yearlings, steady to strong; moderately active; shippers in market for all grades; trade generally 50c higher than Monday; strictly choice kinds absent; best long yearlings, $12.75; medium weights. $12.35; bulk selling at 88.50® 10.50; slaughter cattle and vealers: steers, 800-900 lbs., good and choice, 310014.25; 900-1100 lbs., good and choice, $10014.25; 1100-130 lbs., good and choice, $10014.35; 1300-1500 lbs., good and choice, $9.75014; 600-1300 lbs., common and medium, $6.50® 10.25; heifers, 550-850 lbs., good and choice, sß® 11.75; common and medium, $5-50@8; cows, good and choice, $5.25® 7.25; common and medium, [email protected]; low cutter and cutter, [email protected]; tJUlls, yearlings excluded, good and choice beef, [email protected]; cutter to medium, [email protected]; vealers milk fed, good and choice, s9® 11. medium, $7.50®9; cull and common, [email protected]; stocker and feeder cattle: steers, 500-1050 lbs., good and choice, s7@9; common and medium, $5.5007. Sheep—Receipts, 11,000; a few sales steady with Wednesday’s close; most lambs held higher; good to choice kinds to packers, sß® 8.25; best held at $8.5008.75; fat ewes, 25®50c higher to the 2 days: mostly [email protected]; slaughter sheep and lambs: lambs, 90 lbs. down, good and choice, $7.7508.60; medium, [email protected]; all weights common. $5.5006.50; eves, 90-150 lbs., medium io choice, $304.50; all weights, cull and common, $2 @3.50; feeding lambs, 50-75 lbs., good and choice, s7® 7.75. By United Press CLEVELAND. Jan. 15.—Hogs—Receipts, 1,500; holdovers, none; weights, 210 lbs. down, steady to 16c lower at $8.50; others, mostly steady; 230-250 lbs., $8.10; 250-300 lbs., $7.85; rough sows. [email protected]; some stags. 25c lower and downward to $4.75. Cattle—Receipts, 300; cows about steady; steers, low, undertone weak to lower; common kinds around. s6@B: low cutter and cutter cows, $3.5004; medium to good kinds upward io 85.25; calves, receipts, 300; weak to mostly 50c lower; good to choice vealers. $12013.50; common to medium, $9.50@11; culls downward to SB. Sheep—Receipts. 1,600; mostly steady; bulk lambs. $8.75 downward; top, $9; throwouts largely $7®7.50; merely good fat ewes, $3.50. By United Press CINCINNATI. Jan. 13.—Hogs—Receipts. 2.800: holdovers 756; slow', generally 10® 20c lower; heavyweights In Instances showing no declines; better grade 150-220 lbs., largely $8.40; 225-250 lbs.. $7,8508.25; some 260-290 lbs.. $7.500 7.75 : 340-lb. weights downward to $7: light lights weak to 25c lower; 120-140 .lbs.. [email protected]; sows about steady. *6 to ’mostly $6.25. Cattle—Receipts. 425; calves 200; very slow, about steady: old lots lower grade steer* and heifers. $607.75: some more desirable kinds upwards to $9; most beef cows. $4.75 @5.50: low cutters and cutters, weak to 25c lower; $2.7504; best weighty bulk Quotable $5.75; vealers steady; good and choice. $10011; lower grades $9.50 down. Sheep—Receipts. 150; slow, steady; better grade handy weight lambs. $8.50 ®9; common and medium, $6.5007.50; fat ewea. $203. By United Press PITTSBURGH. Jan. 15.—Hogs—Receipts. 1.900; holdovers, 300; market. 15025 c lower; 120-320 lbs.. 38.4008.65; 220-250 lbs.. $8.1008.35; 350-300 lbs.. $7.7508: packing sows steady; medium to good. $6.25 @6.75. Cattle—Receipts. 10: market nominally steady. Calves—Receipts. 75; market slow, weak to 56c lower; eholev vealers. $11.56012; medium to good. s7® 10.50. Sheep—Jteoc'nts. 800; market steady; light to m nn weight lambs, $8.5009; medium Ww. $707.50. By United Press EAST ST. LOUIS, HL. Jan. 15.—Hog*— Receipts. 15.000: market uneven, mostly steady; top *8.30: bulk. 146-210 lbs.. SB.IO @8.35; 236-240 Ibe.. $7,8505; 350-320 lbs.. $7.4007.75; 100-130 lbs.. $707.75: sow*. $6.150 6.35.. Cattie —Receipts. 2.000; calves. 800; market, bulsi late In arriving, vealers 35c lower at $11; lower undertone on bulls indications about steady on other classes. Sheep—Receipts. 1.500; market, no early sales; Indications steady; probable bulk lambs. $808.25; throwouts. $505.50; ewea, $3.75 down. By Times Special LOUISVILLE. Jaa. 15 —Hogs—Receipts, 1.060: market 19c lower: 390 lbs. up, 87.40: 225-300 lbs.. 37.75: 190-hS tbs., sß.lfc; 130160 lbs- $7.*S; 136 lbs. down. s*.ls: roughs. $8.15; stag*. $5.15. Cattle—Receipts. 180: market steady; prime heavy steers. 8.50® 18; heavy shipping steers, if @B-50: medium and plain steers. $607.25; fat heifers. $7010; common to medium heifers. $5 @6.50; good to choice cow*. $4.5005.30; medium to good cows, 83.7504.90; cutters. $3 35 0 3.75; cannery $303; bulls. 83.960 5.50: feeders. $6.5007.50; Stockers. 9408: medium to good feeders. 35.5008.56. Calves —Receipts. 306; market steady: good to choice. $8919: medium. $5.9607: common to medium. $1.5005. Sheep—Receipts. 100; market steady- ewe and wether lambs. WeJGfesd 7Ao J

BELIEVE IT or NOT

• , - -_ . . MEAN 1 ' .JfMM£l£sS—-AMhouldecency } | Yff? CATTLE DURING THE REVOLUTIONABYWfUO - . Itai. Fmtnr* ic, QraMPyUmi >

Dow-Jones Summary

LONDON.—Bank of England made no change In Its discount rate of 3 per cent. LONDON —lmperial Bank of India has advanced Its discount rate to 7 per cent from 6 per cent. LONDON.—New York cables opened at 4.85 15-33, unchanged; Paris checks, 123.83; Amsterdam, 13,085; Italy, 93.735; Berlin, 20.425. Canadian wheat stocks at all points total 313,395,815 bushels against 217,108,851 week ago, and 227,032,871 last year. Southern Pacific Company placed orders for 83,764 ions rails, divided equally between Columbia Steel Corporation, United States Steel Subsidiary, Pacific Coast Steel Company, Bethlehem and Colorado Fuel and Iron Company. Western Maryland first week January gross $288,508 against $303,013 In like week 1930. Sugar melt of 13 United States refiners from Jan. 1 to Jan. 3, totaled 7,015 tons, against 28,690 In like 19S0 period. Deliveries for same period totaled 145,303 long tons, against 32,145. Bank of England statement as of Jan. 15 shows circulating of 349,942,000 pounds, against 363,504,000 pounds on Jan. 8, ratio 45.8 per cent, against 37.3 per cent and bullion 145,150,000 pounds, against 146,557,000 pounds. Pacific Lighting Company declared quarterly dividend of 75 cents on common, payable Feb. 18. record Jan. 31. North American Aviation Including income of wholly owned companies nine months ended Sept. 30. net 75 cents a share on 2,100.000 shares, against 91 cents a share on 2.000.000 shares In first nine months of 1929. Brazilian Traction Light & Power Cos., Ltd., declared a dividend of 2 per cent In common on common stock payable to stock of record Jan. 31, three months ago a similar stock dividend was declared. Sun Investing year ended Dee. 31 net profit $2.96 a share on preferred stock, against $*.65 a common share In period from April M to Dee. 31, 1929. At yearend Investments carried at cost of $5,534,945 had market value of $3,512,999; liquidating value of common $8.50 a share against $20.63 a share at end of preceding year. Mohawk Mining Company declared a dividend of 35 cents payable Feb. 28, record Jan. 31. Similar payment was made in previous quarter. Dennison Manufacturing Company declared regular quarterly dividends of $2 on debenture and $1.75 on preferred stocks payable Feb. 1. record Jan. 20. American Sugar Refllning Company declared regular quarterly dividend of $1.25 on common. Sterl cables opened 4.85 7-16. off 1-18; francs 3.9115-16 c. off 14: marks 23.76M>c. unchanged; Spain 10.20 c. off .12"4. Packard Motor Car Company declared dividend of 15 cents for first quarter of calendar rear same as declared three months ago. Kansas Gas and Electric. twelve months ended Nov. 30. profit 81.933.404 after taxes and charges, but before depreciation against $1,960,895 In preceding twelve months. General Motors December retail sales In United States 57.999 cars and truehe MUSEUM HEADS ELECTED Kart Vonnegat Made President of Children’s Organization. Officers of the Children’s museum, 1150 NOrth Meridian street,* were re-elected Wednesday night at the annual meeting. They are Kurt Vonnegut, president; Benjamin D. Hite, vice-presi-dent; Miss Faye Henley, secretary, and D. SL Ritter, treasurer. Trustees re-elected are: Mrs. John N. Carey, Mrs. John M. Haines and Herman C. Wolff. Mrs. Harry R. Wilson and Klllis L. Howie were named to the board. Other Livestock By United Brett FT. WAYNE. Ind.. Jan. 15. Hogs Market. 18c lower; 100-140 lbs.. $8.90: 140-198 lbs.. $8.10; 180-208 lbs.. $8,300225 lbs.. $7.86; 225-230 lbs.. $7.78; 3SO-27S lbs.. $7.55; 375-308 lbs- $7.45; 300-356 IPs.. By United Press EAST BUFFALO. N Y.. Jan 15.—Hoes— Receipts. 1.300; holdovers. 1.900: slow, shippers Inactive, generally 15c lower; desirable 170-200 lbs.. 8.50e1.66; weight* below 160 lb*, quoted upward to $8.75; 230270 lbs.. $7.90©5.25; packing sows. s6© 6.50. Cattle Receipt*. 250; ©pwsslow. barely steady; cutter grades. $2.4064.25; steers unsold. Calves —Receipts. 100; vealers draggy a 1 Wednesday’s fuU decline; bulk better ot sl2. Sheep—Receipts. 500; fat lambs 35650 c higher: gcod 'to choice. 90 down. kinds and strongBy United Preat TOLEDO. Jan. 15.- Hogs—Receipts, 800; rasrtcet. 10 to 15 cunts lower; heavies *7.j0#7.60: mediums. 87.80tft7.00; worker*. s36*ss: Pigs. $861.35. Cattle—Receipts, light; market slew. Calves—Reoetots, light; market, steady. Sheep—Receipt, light; market, steady.

On request, sent with stamped r$ addressed envelope, Mr. Ripley t# V 8 will furnish proof of anything n ini I? V depicted by him. ti 1 IT Ld Ha 1

against \1.757 in November and 44,216 in December, 1929. Fer twelve months 1.057.710 against 1.498.792. Total sales to dealers were 1,171.115 against 1,899,287. Dealers stock decreased 22,050 ears and tracks daring year. Western Union Telegraph 1930 net with December estimated was about $9.10 a share against $15.11 a share In 1939. Bank of France statement as of Jan. 9 shows gold $54,109,000,000 against 53.736,000,000 francs on Jan. 2. circulation 77,734.000.000 against 78,937,000,000 and ratio 53.54 per cent against 53.87 per cent. North American Company and subsidiaries to spend $51,000,000 for additions to plants ana systems in 1931. Hawaiian 1930 pineapple pack was 13.672.296 cases against 9.211,376 In 1929 of which Hawaiian Pineapple Company packed 4.577.091 cases against 3.247.204 in 1929- Libby. 3.289.501 against 1.947.609. and California Packing. 227,566 against 1,908.919. National Steel Corporation and subsidiaries nine months ended Sept. 30. net profit $7,353,579. after depreciation, depletion. interest, federal taxes, etc. American Hide and Leather twenty-four weeks ended Dec. 31, loss $532,457 after depreciation, interest and reserves for taxes and special reserve set up for revaluation of Inventories securities owned, etc., against net profit of $205,427 in like 1929 period. In the Air Weather conditions at 9 a. m.: Southwest wind, 8 miles an hour; temperature, 13; barometric pressure, 30.66 at sea level; ceiling, unlimited:, light haze; visibility, three miles; field, good. World Flight Planned By United Press TULSA, Okla., Jan. 15, —It is reported here that Wylie Post, cup winner in the 1930 nonstop national air race, is contemplating a world flight early next summer with the backing of E. C. Hill, Oklahoma City oil man. Post, it is said, will pick up local i navigators along his route. PENSION BILL ACTION AWAITED IN SENATE Favorable Report, With Age Limit Raised to TO, Is Expected. Aged and indigent Hoosiers yet may be pensioned if they live long enough. The county and township business committee of the senate was scheduled today to report favorably on the old -age pension bill, but with the age for pensioning raised from 65 to 70 years. The bill provides a monthly pension of $25 for those who are old enough and otherwise eligible. LABOR^TO FIGHT DRYS Plans fer National Campaign fer Modification Under Study. By United Press MIAMI, Fla., Jan. 15.—Plans for a national campaign for modification of the Volstead act to be conducted by ranking labor leaders of America were under discussion today at the annual executive council meeting of the American Federation of Labor.

We Offer Investment Trusts Corporate Tract Shares ( Distributive) December coupon and extra payment 42 cents per share. Price at market about $6.25 per share. Rights exercisable during January. Basic Industry Shares (CumulatiTe) December coupon 25 cents per share. Price at market about $6.87 per share. I Breed, EDiott & Harrison Katabllahed mi 10$ No. Pennsytnmia i

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Wednesday’s Times . Enrique, First Man to Go Around the World—Magellan, popularly credited with having accomplished the first circumnavigation of the globe, was killed at Mac tan before he accomplished his purpose. The man who really completed the first circumnavigation of the globe was Magellan’s Filipino slave, Enrique, whom Magellan freed in his last will. Enrique escaped from the Sebu massacre by an act of black treachery, and was the only man to reach his native archipelago and to complete Magellan’s voyage. See Edward F. Benson’s “Ferdinand Magellan.” A Check Flew 200 Miles—When a tornado wrecked the store of Otto Wall at Herpel, Ark., the contents of the building were strewn about the countryside, and his cash drawer was emptied of its contents. One check from the drawer was blown to Gatesville, Mo., where a resident picked it up and returned it to Harpel. Lottie Schoenunel—On Dec. 28, 1928, Miss Lottie Schoemmel swam across the Delaware river at the same point where Washington made his renowned cross-' ing on Dec. 25, 1776. This unusual feat of swimming was accomplished under great difficulty, because of the floating ice cakes swirling with the currents. Miss Schoemmel made it in 1016 minutes. Friday: The Fastest Pony Express. PRICES ARE REDUCED Standard Oil Company Cuts Rate on Atlas Tires. By United Press CHICAGO, Jan. 15.—Meeting the reductions in tire prices announced by leading tire manufacturers, the Standard Oil Company of Indiana today Issued & new schedule of lower prices on Atlas tires to be effective today at 1,500 company controlled stations and several thousand dealer outlets in thirteen states. The new prices are from 7Vt to 12% per cent lower than the old, with the maximum reductions on the more papular sizes, *

We Real Estate Preferred Fletcber Buy and Stocks and Bonds *m*rt mat Sell ZAISER & ZAISER l2 * *

Now! Is The Time To Investigate! AMERICAN LOAN COMPANY , 8% .... TAX EXEMPT PREFERRED STOCK Tbe problem of selecting a non-epeeu-lattve Investment of proven soundness providing a substantially higher taxexempt fixed Income for dividends and funds maturing at this time makes'll doubly advisable that yoa investigate American Loan Company 9% Preferred Stock. Complete detail* promptly submitted on reqisest! I N V C * T M C N TiS 820 NEW CIRCLE IGMffii Lineal* 5222

PAGE 13

GRAIN FUTURES ARE IRREGULAR IN SLOW TRADE Wheat Prices Move Up as Shorts Cover in Old Crop Months. By United Press CHICAGO, Jan. 15.—Shorts in the old crop months hastened to cover again today as the Board of Trade opened. Price* in March and May are now at the highest levels in more than three months. July was sustained by the firmness in the nearby deliveries, but slightly weak in sympathy with the slenmess in world markets and on some profit-taking. Sales by traders accepting profits bulked the largest in the com pit, but the recession was only fractional. Oats were off a small fraction in the lightest of trades. Liverpool Holds Steady At the opening wheat was % to \ cent higher, with July unchanged to % cent lower, corn was % to % cent lower and oats were % cent off. Provisions were dull and quiet. Prices at Liverpool were about steady, but the market was much weaker than expected, failing to follow the advance here Monday. At midaftemoon the English market was % to % cent lower and showing resistance to further declines. Buenos Aires was off % cent during the morning. It is difficult to buy old or new wheat without advancing prices There is no new selling and the market is quickly responsive either way showing the prevailing attitude that prices are at or near the turning point. July is being aided by the dry, snowless situation in winter wheat with insistent complaints from southern Illinois. Com and Oats Off The general disposition in corn is to buy on all recessions. The country' is selling but little, most of the com coming here being from other terminals. There Is more caution in evidence on the selling side. Oats continue to follow oom, the market seeming to mark time. Lately there has been some selling from the northwest, but local buyers have appeared on recessions. Chicago Grain Tabic * —Jsn. 15— WHEAT — Prev. High. Low. 11:00. close Mar. 83% .82% .83% .83% May -85% .84% .84% Julv 70 .89 .88% .69% Mar. ..7.... .70% 70% .70% .70% May 73% .72 .73% .72% July ....... .73% .73% .73% .73%' OATS — Mar 34% .84V* .34% .34% May *4% .34% .84% .34% Julv 83% .83% .88% .83% RYE— Mar 42% May 43% .43% .48% .% July .43% .44% LARD— Mar 8.63 May 8.77 July 8.87 By Times Special CHICAGO. Jan IS.—Carlot*. "Wheat, 36: corn. 110: oats. 3.

Local Wagon Wheat

City eraln elevators ere Devins TOe tor No. 1 red wheat end 86c lot No. 1 hard wheat. Births . , Girl* Arthur and Edna Cramer, 1129 Evlsots Cecil and Mildred Lambert, 3443 East Washington. Thomas and Frances Fierce, Coleman hospital. Clarence and Amy Keller, Coleman hospital. Robert and Edna Kelly, Coleman hospital. Clessie and Pernie Mahaney, 1438 Oliver, Robert and WUlla Tandy, 1510 Cornel) Donald and Nellie Bradway, 3560 North Gale. Bovs Richard and Eldora Dye, 349 Dickson Deaths Beauiort Bants, 64, 741 North Bosart, chronic nephritis. Stella Stockdell, 65, 1721 West Market, nutral stenosis. . Coral Acllla Bourne, 56, city hospital, diabetes mellltus. Frank Ealase. 38, 201 South Oriental,lobar pneumonia. Raymond Brown, 48, Methodist hospital, acute nephritis. Dottle Jeanette Rolhnan, 31, 130 Herman, asthma. Joe Arthur, 5 days, Riley hospital, myocarditis. Donald Storey. 3 mos.. 826 North Alabama. broncho pneumonia. George Henry Pollard, 44, 53$ Arnepulmonary tuberculosis. ~ ; Mary Bottoms. 63, 2831 Columbia' chronic myocarditis. Hugh Ramsey, 31. 741 Center, aortic thrombosis. Frank Hoit, 49, city hospital, labtr pneumonia. Bettie A. Baier, 39, 1324 North Mlseour mitral insufficiency. Elleabeth Hines. 80, 716 North Ne~ Jersey, chronic myocarditis. ' ' William Bens, 74, 805 North Tacoma arteriosclerosis. *■< Ephram Wltklepleck. 39. 1106 Rich land- Influenza. James L. Smith. 79, 340 East St.' Joe acute cardiac dllatLtlon. Kate Kares, 72, 509 North Daridsoi coronary occlusion.