Indianapolis Times, Volume 42, Number 228, Indianapolis, Marion County, 31 January 1931 — Page 10

PAGE 10

STOCKS CLOSE IRREGULAR AS AUBURN DROPS .Utilities Move Lower After Early Weakness; Rail Shares Firm.

Average Stock Prices

Price of thirty Industrial* for lB8 ?L. SP 203 Average of twenty raili wag 1(n.90. up .24. Average of twenty utilities was 53.07, up 94 A.erage of forty bonds was 98.04. on .40. JBy United Preen , new YORK. Jan. 30—After a spectacular demonstration on the Stock Exchange, Auburn Auto lost Bn 8-point advance and brought selling throughout the list, bringing an irregular close. Auburn touched 148 and other special gains ranging to 9 points. Industrial leaders firmed up under the lead of United States Steel, v.hich mounted to 142; rails held steady to firm, even though the late reaction wiped out many of the gains. Copper shares were weakened by a reduction in the price of metal for domestic shipment to 9% cents a pound, a decline oft; cent. Utilities declined after weakness throughout the day in Stone & Webster, which was unloaded by those expecting a reduction in the S4 annual dividend. Early strength was inspired by the statement of Eugene G. Grace, president of Bethlehem Steel Corporation, that the business generally would pick up this year. Grace made his statement in connection with publication of the Bethlehem report showing 17 cents a share earned in the final quarter of 1930. The regular dividends were declared. Grace’s statement helped Bethlehem Steel and steel shares generally. The market also had the aid Qf a decline of $23,000,000 in brokerage loans for the week, indicating that investment buyers gradually Were eating into the floating supply Os stocks. The bond market was quieter and United States government issues fluctuated in a narrower range although treasury 4s lost more than a full point.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 30— Clearings $2,418,000 Debits 4.870.000 CHICAGO STATEMENT —Jan. 30— Clearings $78,300,000 Balances 8,800,000 TREASURY STATEMENT —Jan. 30™ Net Balance for Jan. 28 ...$160,250,717.27 Expenditures 8.647,282.88 Customs rects month to date 24.971.660.24

Investment Trust Shares

(By R. H. Gibson & Cos.) —Jan. 30PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amer. Founder's Corp C0m.... 4% 4% Am. and Gen. Sec. “A” 13 14 Am. Inv. Trust Shares 5% 5% Basic Industry Bhares 6'/, 7 Corporate Trust Shares 6 6V* Diversified Trustees Sh. “A”... 16% 17% First American Corp 7% 8% Fixed Trust Oil Shares 5% 6'/* Fixed Trust Shares ’’A” 15 Ipv. Trust N. Y 7'/, 8% Leaders of Industry Series ’’A'’ 8 .... Nation Wide Securities 6% 7V, National Industry Shares ..... 6% 6% N. Am. Trust Shares 6 6% Sel. Am. Shares 5% 5% Shawmut Bank Inv, Trust B’A 10% Universal Trust Shares 5% 6% 8. W. Strauss Inv. Units 54 Super Corp. of Am. Tr. Sh. ’’A” 7 7% Fundomental Trust Shares 7 7% Fundamental Trust Shares “B" 7% 7% U. S. Elec. Light * Pwr. “A” 29% 31% Cumulative Trust Shares 7% 7%

New York Bank Stocks

(Bv Thomson <fc McKinnon) —Jan. 30 — Bid. Ask. America i 62% 65% Bankers 117 120 Brooklyn Trust 503 513 Central Hjnover 252 257 Chase National 100% 103% Chatham Phoenix National 78 Chemical 48% 50% Cit.v National 97% 100% Corn Exchange 124% 128% Commercial 305 315 Continental 21% 24% Empire 59 b 2 First National 4.000 4,200 Ouarantv 503 508 Irving 36% 38 s * Manhattan & Cos 87 s , 90% Manufactuers 45 47 New York Trust 157 162 Public 57% 60%

New York Curb Market

• (Bv Thomson & McKinnon) —Jan. 30— Close.; Close. Am Com Pwr... 14%, Marine Mid ... 22% aS Gas & El.. 75 Mo Kan Pipe.. 6% Lt & Tr. . 46 !Mt Prod 5% Gas A 6%' National Av ... 6 a via of Am!... 33%; National Inv... 5% nrßzil P & L.. 33% Newmont Min.. 48% Marc ... 3%! Nia Hud Pwr... 10% ??t?es Serv . 7% Noranda 17% con! Gas ..... 87%’Penroad 7% Cons uab .. g%i Prince & Whtly 1% checkerWh. 10% Salt Creek 6% nurant Mot .. 1% Sel Indus 4% wiec Bond Sh . 44 Shenandoah ... 5 word of Can. . 23,i: Std of Ind 37 v&d of Eng. . 18%'Std of Ky 22% wSv Theater... s’VStutz 21% Goldman Sachs 6%!Tr Air Tr 4 Gulf Oil .... 68 lUn Gas (new). 10% Hudson Bav... 4%] Un Lt & Pwr.. 26 TnsuUUt ..... 41%,Ut Pwr 11 Tnt super .... 22% Vacuum Oil .... 57% Tnt Pete ...... 14%lVan Camp ...f 4% fion Otl 7.7... 6%I Wallgreen 17

Net Changes

By United Press NEW YORK, Jan. 30.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. American Can ... '* -l: American & Foreign Power 30 ... H American Telephone 187 a ... Anaconda 33 a ... a Bethlehem Steel SIH 1* ... Byers * 4 Cofumbia Gas 37 * a ... Consolidated Gas 89 ... IV4 Electric Power *> 2 • 1 General Electric 44 - • ... General Motors 38a * ... International Nickel I4t, ... Loew's Inc ...... l’i ■ ... •Montgomery Ward 20 ... l . National Biscuit <8 a * ** N Y Central 1234. 1H Public Service <9;* • Radio ... Sears Roebuca 4 ••• 1* Standard Oil New Jersey.. 47's ... Union Carbide 59 United Corporation -O’* ... ‘ United States Steel 140' g ‘ =: ::: NEW MARKET STARTS United Company Announces Fifth Opening: in Indianapolis. Another united market opens today at 1255 Oliver avenue. This makes the fifth market opened in Indianapolis by the United Market Company since it first opened market No. 1 at 22 South Illinois street H. D. Smith and C. A. Fesater, owners of the United Market Company, intend to open more markets as fast as suitable locations can be found.

New York Stocks !Bv Thomson * McKinnon - ————

/ NEW YORK. Jan. 30—Stock sales on the New York Stock Exchange today totaled 2.200.000 j shares. Curb Stock Exchange sales I totaled 400,000 shares. —Jn. 30— Prer. Railroad*— High. Low Close. close. Atchison 105’. 194% T. 94% 197’, Atl Coast Line 116 114!. Balt & Ohio ... 80% 79% 80 79% Chesa & 0hi0... 43% 43*, 43% 43 Chesa Corp .... 48% 48 48% 47% Chi Ort West 7! 7% Chi N West 40V, CRI Ac P 62% 62 62% 62% Del L Ac W 94% 92% Del Ac Hudson 151 151 Erie 31 31 Erie Ist pfd 41 Great Northern. 68% *67 67% Illinois Central.. 88% 88% ' 88 Lou Ac Nash 108% 108 108% iOB MK & T 25% 24*i *’4% 24V, Mo Pacific Mo Pacific pfd. .. 99 N Y Central 126% 12:' , 123% 125 NY NH Ac H 89% 89 89% 88 I Nor Pacific 59 58 59 57% ! Norfolk & West. 213 209 213 210 |OtW 7% ! Pennsylvania .. 62% 61% 62% 61% Seaboard Air L 1 % % 1 go Pacific 104 103 104 103% Southern Ry 61% 61 61 60V, St Paul 8!4 8% 8t Paul pfd .... 14 13% 13% 13% St LAc 8 F 59% 87% 57% 50 Vi Union Pacific ...197% 197% 197% 196% Wabash 18% 17% 18% 19 W Maryland ... 15% 15% 15% 15% West Pacific 13 12 13 12 Equipment*— Am Car A: Pdy. 31% 31% 31% 31% Am Locomotive 24 24% Am Steel Fd ... 26% 25% 28% 26 Am Air Brake 8 34% Gen Am Tank.. 64% 63% 63% 63% I General Elec ~. 45% 44% 44% 44% Gen Rv Signal. 74 73 74 72 Lima Loco . 30% N Y Air Brake 23 22 Press Stl Car 5 5% Pullman 56% 54% 55 54% Westing!} Ar B 34 Westingh Elec.. 87% 84% 86 85% Rubbers— Pisk % % % v, Goodrich 16% 16 16% 16% Goodyear 40% 39% 40% 40% Kelly Sprgfld ... 1% 1% 1% 1% U S Rubber .... 13% 13% 13%, 13% Motors— Auburn 148 139 142 130 V, Chrysler 17% 17 17 17% Gardner 1% jx/, Graham Paige. 4% 4 4*4 General Motors.. 38% 38% 38% 38V, Hudson 22% 21% 21% 22 UPP 8% 8 V, 3% 8 Mac* 39% 3g as 38 Marmon Hash 32% 31 31 31 Packard 9% 3% 9% 9% Pierce-Arrow ... 23% 23% 23% .. Heo 8% 8% 8% 8% Studebaker .... 21% 20% 20% Yellow Truck.. 11% 10% 10% i6’/ Motor Access— Am Bosch is 17 18 Bendix Aviation 20% 19% 19% 20 ->org Warner... 24% 24V, 24% 24'/, Budd Wheel .... 10% 10 10% 10 Campbell Wy • 14 Eaton .. .... i 1514 is 15% El Storoge B 58% 57V, 57% ... Hayes Body 3% Houda ... 5 ”5 Motor Wheel .. 16% 16 16 15% Sparks W 10% 10% 10 Stewart Warner 15% 15 15 15% Timken Roll ... 47% 47 47 45% Mining— Am Metals 17 16% 17 17% •Am Smelt 45% 44% 44% 45 Am Zinc 5 Anaconda Cop.. 34V, 32V, 33V, 33% Cal & Hecla 9% 9% 9% 9 Cal A; Ariz 38 37% 38 Cerro de Pasco 23% 23% 23% 23% Dome Mines 10% 10 10% 10% Freeport Texas 33% 33% 33% 33' Granby Corn ie% 16% Great Nor Ore 20% 20% Howe Sound ... 23% ... 23% 23% Int Nickel 14% 14% 14% 14% Inspiration 73/, s Kennecott Cop.. 24% 23% 24V, 24 Nev Cons 11 11% 11% 11% Texas Gul Sul.. 50% 49% 49% 49% U 20 20 Amerada 18% 18 18% 18% Atl Refining 22 21 % 21 a, 21% Bamsdall 12% 12V, 12% 12% Houston 9% 9Vi 9% 9 Indian Refining. 4% 4 4'/, 4% Mex Sbd 15 14% 14' -14 V, Mid Conti 14% 14% 14% 14% Phillips , 13% 13 13 13 Pr Oil <fc Gas .* 13% 13% Pure Oil 10% 10 10 10% Richfield ....... 4% 4% 4% 4% Royal Dutch ... 40 39% 39% 39% Shell Un 9% 9% 9% 9% Simms Ft 9 Sinclair 12. 11% 12 *ii% Sltelly 8% 8% 8% 8% Stand of Cal ... 47% 47V, 47V, 47 Stand of N J... 18 47V, 47% 47% Stand of N Y... 24V, 23% 24 * 24 Texas Cos 33 32% 32% 32% Union OH 24 23% 24 23% Am Roll Mills .. 30% 29 29% 28% Bethlehem 52% 50% 51V, 49% gyers A M 48Vi 45% 47 44% Cent Alloy 1 24% 23% 24% ... Colo Fuel ... • 23 Ludlum 13% 13 i3V, 13 Midland 25% 24 25% 24*, Newton i6% Repub I& 8 ... 17% 16% i7 16% U S Steel 142 140% 140% 140% Vanadiutn .... 51% 49% 49*', 49% Youngst S & W 23 23 Tobaccos— Am Sumatra ... 3% 8% 9% Am Tob A (new)lli 110 110% 108% Am Tob B (new)ll2% 111% m% ni General Cigar.. 39% 39 39 % 38% Li* & Myers B 89% 89 89 RB% Lorlllard 14% 14% 14% 14% Reynolds Tob ... 45 44>'- 45 44% Std Com Tob 2% 8 Tob Pr B ‘ 2% "" Utilities— e-s ... Abttibl 11% 11 n% 10% Adams Exp .... 20% 20V, 20% 20% Am For Pwr 31 29% 30% 30% Am Pwr & Li.. 49% 49 49 48% ATit T 189% 187 187% 188% Col Oas A; El 37% 36% 37 36% Coni & Sou 9% 9% 9% 9% El Pwr & L 1... 49% 47% 47% 48% Gen Gas A 5% 5% 5% 5% Inti TANARUS& T 27 26’/, 26% 26% Natl Pwr & Li.. 36% 35% 35% 35% No Amer Cos 72 70 % 70% 70% Pac Gas & El.. 46% 46% *64'. 46% Pub Serv N J.. 81% 79% 79% 80 So Cal Edison.. 49 48% 48’V 46% Std G & E 1... 65% 64 64 64% United Corn ... 21% 30% 20% 20% Ut Pwr ALA.. 25% 25% 25% 25% West Union 138 137% 137'% 139% > ShfDping— Am Inti Corp.. 20% 19% 19% 19% Am Ship & Com . 1 % Atl Gulf Ar W 1 • 311* Inti Mer M pfd 16 16% United Fruit 59% 59% 59% 59% Foods— Am Sugar 48 Armour A 3% 33 “3 Beechnut Pkg 51% 51 Ual Pkg 45% 44% 45 43% Can Dry 33% 32% 33 32 Childs Cos 27% 27% 27% 27 Coca Cola 157% 154% 156% 154% Cont Baking A.. 26% 25% 26V, 24% Corn Prod 82 80'% 80% 80

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 13c; henery quality No. 1. 15c; No. 2. 11c. Poutrv (buying prices)—Hens, weighing 5 lbs. or over. TBc: under 5 lbs.. 16c; Leghora hens- He; capons. 7Vi lbs. up. 28c; 6 Vi-7 Vi lbs.. 24c: under 6'i lbs.. 20c: springers. 5 lbs. or over. 17c: or under 5 lbs. 17c: ducks, springers. 11c: old cocks. 9@llc: ducks, full feather faL white 9c; geese 9c. These prices are for No. 1 top aualitv auoted by Kingan & Cos. Butter (wholesale)—No. 1. 30031 c; No. 2. 28(<r29c. Butterfat—26c. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c: Longhorns, 34c; New York Limberger. 36c. By United Press NEW YORK. Jan. 30.—Potatoes—Market easy: Long Island. $1.7504 barrel: Maine. *2.7503.50 barrel: Idaho. [email protected] sack- Bermuda. ss@9 barrel; Canada. 60c 0*3.75 barrel. Sweet potatoes—Market, steady; Jersey baskets. ,5c0*3.25; southbaskets, 50c(g$2. Flour—Market, steady and unchanged: spring patents. $4,500 4.85. Pork—Market, steady; mess. $28.50. Lard—Market, easy; middlewest spot. $8.70 '38.80. Tallow—Market, steady; special to extra. 3 5 503 7 gC. Dressed poultry—Market. steady to firm: turkeys. 31043 c; chickens. 200:39c: capons. 26046 c: fowls. 14028 c: ducks. 15022 c: Long Island ducks. 230:24c. Live poultry—Market, steady: geese. 13®19c: ducks. 13825 c: fowls. 180 21c: turkevs. 28040 c: roosters. 14015 c; chickens. 19027 c; capons, 21 0 37c; broilers, 28038 c. Cheese—MArket. quiet: state whole milk, fancy to special. 18@22'ic; young Americas. 17Vi02Oc By United Press CHICAGO. Jan. 30. Eggs Market, firmer; receipts. 13.241 cases; extra firsts. 18*c; firsts. 17*ic; ordinaries. 15016 c: seconds. 11013 c. Butter—Market steady; receipts. 10.091 tubs: extras. 2744 c: extra firsts. 2t>'io27c; firsts. 25>i®26c: seconds. 24 024 Vic: standards. 2744 c. Poultry Market, steady; receipts. 1 car; fowls. 18c; springers. 25c: Leghorns. 17c; ducks. 22c; i geese, 16c: turkeys. 22025 c; roosters. 15c. | Cheese—Twins. 15U@la':c; young Americas, 16c. Potatoes—On track. 249; arn- I vals. 90: shipments. 889; market, weak: Wisconsin sacked round whites. $1,350 1 4a: Idaho sacked russets. $1.7001.75; Colorado McClures, branded. $1.7001.85. j By United Press CINCINNATI. Jan. 30.—Butter, steady; creamery in tub lots, according to score. 1 -4 8 27c; common score discounted. 2® 3c; packing stock No. 1. 20c: No. 2,15 c; No. 3.10 c; butterfat, 23024 c. Eggs—Steady; cases, included: extra firsts. 20c: firsts. 18c; seconds. 17c; nearby ungraded. 18c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs.. 17Vic; 4 lhs. and ,'ver. 17V4c; 3 lbs. and over. 17Vic: Leghorns. 3 lbs. and over. 15c; roosters. 13c: capons. 8 lbs. and over. 15c: roosters. 13c: capons. 8 lbs. and over. 32cunder 8 lbs.. 28c: slips. 21c: stags. 16c; colored fryers over 3 lbs. 30c: over 2 lbs.. 30c; Leghorn and Orpington fryers, over 2 lbs.. 23c: roarting chickens. 4 lbs. and over. 26c; black springers. 15c. By United Press j 30.—Butter—Extras. 2744 c; standards. 3744 c. Ei|?s— Exsras 19c- firsts 18c Poultry—Heavy fowls. 21c: ! medium. 17018 c; Leghorn fowls. 16017 c; broilers. 21m 23c: Leghorn broilers. 15c; ducks. 25c: old cocks. 13c: geese. 15016 c: stags. 30c: capons No. 1. 285 33c. Potatoes -Maine Green Mt.. mostly *2.40; law best. *2 50 oer 120-lb. sack; Idaho Russet, *2.10 02.25 per 00-lb. sack.

Cnn Wheat 29% ... Cudahv Pkg 43 43% Cuban Am Bug 4% Gen Food* 52% 51% 52 82 V, Grand Union 13% Kroger 24% 24 24% 24% Nat Biscuit 79!, 78% 78% 79 Plllsburv 29 Safeway St 45% 44% 45% 46% Std Brands.... 18*, 18% 18% 18 Wird Bkg 8% 7 7 7% Drais— Cotv Inc 11% 10% 11% 10 Lambert Cos ... 85% 80 85 % 80’, Lehn A: Fink 28 Industrials— Am Radiator ... 17% 17%. 17% 17% Bush Terms ... 28% 27% 27% 25% Certainteed 3% 3% Gen Asphalt... 34-.* 33% 34 33% Lehigh Port.... ... ... 17% 17 Otis Elev , 56% 56 56 % 56 Indus Cbems — Allied Chem 161% 158 159% 158 Com Soiv 18% 17% 17% 17% Union Carb 60% 59 59 59% U 8 Ind A1c0... 63 61% 63 61 Retail Stores— Assoc Dry Gds.. 24% 24% 24% 24V, Gimbcl Bros 5 5 Kresge S S 26% .. 26 V* 26 V* May D Store . . 34% 32!* 33% 32 Mont Ward .... 20!, 20 20V, 20% Penny JC. 33% 32% 33 32% Schulte Ret St., 5% 5% 5% 5% Sears Roe 51% 50% 50% 51% Woolworth 59V, 58% 58!, 58 Amusements— Bruns Balke 11 Col Graph 8% 8% 8% BV, Eastman Kod ..160!, 156% 157 157 Fox Film A .... 32% 31% 31% 31% Grigsby Gru ... 3% 3% 3!, 3% Loews Inc 52% 50% 51% 50% Param Fam .... 45% 44Vi 44!, 44% Radio Corp .. . 16V, 15V, 15% 15% R-K-O ~ 19% 18 V, 18% 18V, Schubert 5 4% 4% 4% Warner Bros ... 17 16% 17V, 17V, Miscellaneous— Airway App .... 9% 999 Congoleum 8% 8% 8% 8% Am Can 113% 111!, 111% 111% Cont Can 51V, 50% 50% 50% Curtiss Wr 4% 4% 4V 4% Gillette SR 25V, 24% 25% 24 Real Silk 29 28 29 Un Aircraft 27% 26 27 25%

Indianapolis StocKs

—Jan. 28 — Bid. Ask. American Central Ll Inc C 0.1.000 Belt R R & S Yds Cos com 45 50 Belt R R Yds Cos pfd 51 56 Bobbs-Merrih Cos 25 Central Indiana Pw Cos pfd 7s 79% 84% Circle Theater Cos com 75... 98 Citizens Gas Cos com 10s 25 Citizens Gas Cos pfd 5s 98 ... Commonwealth In Cos pfd 75.. 97% 102 Commonwealth In Cos pfd... 100 Eqi liable Securities 25 40 Hook Drug Cos com Indiana Hotel Cos Clanl c0m..105 Indiana Hotel Cos pfd 6s 100 Indpls Gas Cos com 6s 53% 61% Indpls Pwr Lt & Cos pfd 6%5.102% 105 Indpls Pu Welf L Assn com 8s 51 Indpls Water Cos pfd 5s 101 •Inter Pun Scr Cos pr li pfd 6s 84 •Inter Pu Ser Cos pr pfd 75.. 98 101 Metro Loan Cos 8s 101 Nlnd Pub Serv Cos pfd 5%5.. 89 94 •North Ind Pub ServCo pfd 6s 98 102 Northern Ind Pu Sv Cos Dfd 7s 105 lio Prog Laundry Cos com 31 E Rauh & Son Fertil Cos pfd 6s 47 Terre Haute Lt As Pwr pfd.. 67 Union Title Cos com 5s 24 34 Van Camp Prod Cos Ist pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s .. 98 Auburn Automobile Cos com 143% 145% Backstay Welt Cos com 13 19 Ind Pipe Line Cos 18 20 Link Belt Cos com 29% 30 Lynch Glass Machine Cos com 17 17% Mead Johnson Ac Cos com 80% 83 1 1 5 Y Central Railroad Cos 125% 127% Noblitt-Sparks Industrials Inc. 43% 44% Perfect Circle Cos com 25 % 27 Rea Silk Hosiery Mills Inc Cos 27' 29 Real Silk Hosiery Mills pfd... 84 86 Ross Gear Ac Tool Cos 24 26 gtandard Oil Cos (Indiana) 37 37% Studebaker Corporation 20% 22% •Ex-dlvidends. 4 _ _ _ Bonds Belt R R Ac Stk Yds Cos 5.... 65 Broad Ripple Trac Cent Ind Gas Cos 5s 100 Citizens Street Railroads 55... 23 Home T & T of Ft Wayne §S.IO2V, ... Ind Railway As Light Cos 55... 94 Indpls Pwr Ac Lt Cos 99% 102 Indianapolis Gas Cos 5s 100 103 InQDls Ac Martinsv Ra Hr Cos 5s 15 Indpls Ac Northw Trac Cos 55.. 5 Indpls St Rv 4s 15 Indpls Trac Ac Term Cos 55.... 42% "1 Indnls Union Ry -....100 Indpls Water 5s 9934 joo Indpls Water Cos 5%s 103 105 Indpls Wa Cos Ist lien As Ref 5s 99 Indpls Water Cos 4%s 95% Indpls Water Works Sec Cos 5s 88 Interst Pub Seiv Cos 4%s .... 88 No Ind Pub Serv Cos 5s 99 Interst Pub Serv Cos 6%s 102 No Ind Pub Serv Cos 5s 99% ... No Ind Telepn Cos 6s. ... 98% 100 Other Livestock By United Press .CHICAGO. Jan. 30.—Hogs—Receipts. 30,000, including 14,000 direct; market 10fix) isc higher than Thursday’s average on weights below 220 lbs.: others 5® 10c highIS”- bulk. 140-210 lbs., $7.75®8: -20-320 lbs.. $6.90®7.75; pigs. 57.50®8; packing sows. $6.15®6.35; light lights, 140ISLw",£?S, < L a J! d choice- [email protected]; light Feigl.t 160-200 lbs., good and choice $7.80 @8.10: medium weights, 200-250 lbs., good and choice. 57.2555; heavy weights. 250-350 lbs., good and choice, $6.85 @7.35: packing ? 75 * 500 lbs.. medium and good. s6® 6 50: slaughter pigs. 100-130 lbs., good and choice. $7.35®8.10. Cattle—Receipts, 2.000calves. 1.000; few loads short fed steers selling verv uneven: about steadv; best around $9 75; several loads. $8.85@9 with some kinds down to $7 and below; she stock steady; bulls lower; slaughter cattle and vealers: steers 600-900 lbs., good and choice, $9.50(®13.25: 900-1.100 lbs., good and choice $9-75®) 13.25: 1.100-1.300 lbs., good and choice, [email protected]: 1.300-1,500 lbs. good and choice. $9.75®12.75; 600-1,300 Sr.V-* om .S! # 5.. and memum [email protected]: nc'fers. 550-850 lbs., good and choice. $6.75 @10.75: common and medium. *s®7 25cows. good and choice. [email protected]; common a nd medium $3.75®5; low cutter and cutter. [email protected]; bulls yearlings excluded good and choice beef. *5®6.25: cutter to medium. [email protected]: vealers milkafed. good and choice. [email protected]: medium. $8(59.50co 7 m °n. *s@B: stocker and feed! x f attl^^l e€rs - 500-1.050 lbs., good *.nd * 7 ®9-’ common and medium $.! 50 @7. Sheer)—Receipts. 12.000; lambs, 15® 2oc lower earlv; other classes steady: few sales good and choice fr* lambs. $S@9 35 k sx rS: nnVnders. $9 35@,9.40: fat ewes sla Ußhter sheep and lambs: lambs choice. $8.65®9.50: medxum. [email protected]: 100 lbs., medium to @ l| 7 50** QOI?A , iK eiShtS j Common J 6 5 ° lbs. medium to choice. 53.50@5 all weights cull and common. s2<s> choice $7 e 75@8!40: 75 lbS " * ood and By United Press FT. WAYNE, Ind.. Jan. 30.—Hogs—Market steadv: 100-140 lbs.. $7.75: 140-180 lbs I??*??® lb*.. $7.90: 200-225 lbs. $7 7V 225-250 lbs.. $7.50: 250-275 lbs $7 30- yy's" * 7 i,° : 30 d-350 lbs.. $6.90;' roughs* s^ s stags. $4.50; calves. $11; lambs. sß@ By United Press EAST BUFFALO, N. Y. Jan —Wocr*: T^ Ce pts L holdovers. 900; ’ rather slow, packers Inactive, penerallv 5(9>15c lb? ra sa?~ l §?* 2 o lbs - 68.25®8.35*: @B a 35 V -' cnn?! 011 and l?, e 3 iu,n heifers.'s7.so |gts; v% o aTers* 3 „a 4 „|id: WiS u e m $l i7i^o mOSt iheecX/ On i hfjdovers 600; fat lambs active.' 10@20c higher, lower grades steadv; good to choice, largely $9.75: some held highermixed offerings. [email protected]: medium kinds and throwouts. $8.50; fat ewes. $4.25@5. By United Press TOLEDO. Jan. 30.—Hogs—Receipts 250market steady to 10c higher: heavies $6 75 SZ; 2 ®. mediums. $7.4057.65: yorkers. $7.70 78. pigs $7.70(®8. Cattle—Receipts lightmarket slow. Calves—Receipts, light; market. steady. sh P- IwSt; mil

Local Wagon Wheat

City grain elevators are paving 68c for No. l red wheat and 67c for No. 1 hard wheat RAW SUGAR PRICES —Jan. 30— . High. Low. Close. January 1.58 1.56 1.56 March 1)26 1.23 1.23 May 1.32 1.31 1.31 July 1.40 1.38 1.38 September 1.48 1.45 1.45 December 1.56 1.54 1.54

SOUTH AMERICA Visit the gay Latin cities below the equator—the never-ending romance of the sea—different scenes, climate, people—all combine to attract the traveler to South America. The great Southern Continent is a New World for the Traveler. We Are the Official Agents for ALL Steamship Lines and Principal Tourist Companies RICHARD A. KURTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis ISUNION TRUSTS 120 East Market St. RI ley 5341

THE INDIANAPOLIS TIMES

PORKERS SHOW” UNEVEN TREND AT CJTYYARDS Cattle Market Slow and Unchanged; Vealers Hold Steady. , HOGS Jan Bulk. Early Top. Receipts. 23. $7.55® 8.35 $8.35 5.000 24. 7.60'® 8.50 8.50 2,000 26. 7.60® 8.50 8.50 4.000 27. 7.40 ® 8.40 8.40 7.000 28. 7.25® 8.35 8.40 7.000 29. 7.20® 8.30 8.30 4,000 30. 7.15® 8.25 8.25 5,000 Porker prices today at the Union stockyards showed an irregular trend, with weights over 160 pounds selling mostly at 5 cents lower than Thursday’s average, and under weights steady. The bulk, 100 to 300 pounds, sold at $7.15 to $8.25. Receipts were 5,000. Holdovers, 101. Cattle slow and dull, with not enough steers to make a market; she stock about steady. Receipts, 400. Vealers held around stationary, selling at sll down. Receipts were 600. Sheep and limbs were largely 25 cents higher cr more, with most all grade of lambs selling at $9 to $9.75. Receipts were estimated at 1,500. Chicago ho? receipts were 30,000, including 15,C00 directs. Holdovers, 8,000. Markets fairly active on weights belcw 200 pounds, and around sttad;* with Thursday’s averages; few 169 to 200 pound weights sold at $7.90 to SB. Bidding around steady on heavier weights; 280pound averages sold at $7.40. Cattle receipts, 2,000. Calves, 1,000, and steady. Sheep receipts 12,000, and strong. —l—Receipts, 5,000; market, uneven/ —Light Lights—-(l4o-160) Good and \choice... sß.lo® 8.20 —Light Weights— . (160-180) Good and choice... 8.25 (180-200) Good and choice... 8.15 —Medium Weights—-(2oo-220) Good and choice... 7.95® 8.05 (220-250) Medium and good.. 7.65@ 7.85 —Heavy Weights—-(2so-290) Good and choice... 7.25® 7.55 (290-350) Good and choice... 6.75® 7.15 —Packing Sows—-(27s-500) Medium and g00d... 5.75® 6.50 (110-130) Slaughter pigs B.oo@ 8.10 CATTLE (Slaughter Class) Receipts. 400; market, steady. Good and choice $ 9.50<®13.00 Common and medium 5.50® 9.5 C (1,100-1.500) Good and choice 9.00® 12.75 Medium 6.00® 9.00 —Heifers (500-850) Good and choice [email protected] Common and medium 5.00® 8.25 Good adn choice 5.00® 6.50 Common and medium 4.00® 5.00 Low cutters and cutters 2.50® 4.00 —Bulls (yearlings excluded)— Good and choice beef.. 4.25® 5.50 Common and medium 3.00® 4.25 CALVES AND VEALERS Receipts, 600; market, steady. Good and choice $10.50®11.00 Medium [email protected] Cull and common 4.50® 6.50 —Calves—-(2so-300) Good and choice $ 6.00® 9.50 Common and medium 3.50® 6.00 STOCKERS AND FEEDER STEERS Good and choice $ 6.50® 8.50 Common and medium 4.50® 6.50 (800-1,500) Good and choice 6.50® 8.50 Cflmmon and medium 4.75® 6.50 SHEEP AND LAMBS Receipts, 1,500; market, higher. Good and choice $ 9.00® 9.75 Common and medium 7.00® 9.00 —Ewes— Medium and choice 2.75® 4.00 Cull and common I.oo® 2.75 Other Livestock By Times Special LOUISVILLE. Jan. 30.—Hogs—Receipts, 700; market 10c higher; 300 lbs. up. $7.45; 225-300 lbs.. $7.80; 160-225 lbs.. $8.20: 130160 lbs., $7.80; 130 lbs. down, $7.20; roughs. $6.20; stags. $5.20. Cattle—Receipts, 200: market steady; prime heavy steers. [email protected]: heavy shipping steers, s7®B; medium and plain steers. s6@7; fat heifers. s6@9; common to medium heifers. $4.50®6; good to choice cows. [email protected]; medium to good cows, $3.50®4.50; cutters. [email protected]: canners. $2®2.75; bulls, s3@s; feeders. [email protected]; medium to good feeders. $5.50®6.50; stockers. s4@6. Calves— Receipts, 200: market. 50c lower; good to choice. $7.50®9.50; mediums. $5.50®7; common to medium. $3.50@5. Sheep—Receipts, 50: market steady; ewe and wether lambs. $9: buck lambs. $8: seconds. $6 down; clipped sheep. s3®4. Thursday's shipments: Cattle, 46; calves, none; hogs. 145; sheep, none. By United Press CINCINNATI. Jan. 30.—Hogs—Receipts. 1,800: held over, 690; slow, steady to 10c higher; better grades. 160-220 lbs.. $8.40® 8.50; 225-250 lbs.. [email protected]; heavier weights very draggy at s'(@7.so, on 260300 lbs.; 120-150 lbs., largely $8; bulk sows. $6: a few smooth lightweights. $6.25. Cat-tle-Receipts. 275; calves. 175: slow, steers and heifers about steadv: odd lots lower grades. $6®7.75; few good yearlings. $8.50 ®9; all grades cows weak to mostly 25c lower wtlh lightweight low cutters 50c lower: most beef cows. $4.50®5.25; low cutters and cutter cows. [email protected]; some strong weights. $4: bulls draggy at $5.50 down; vealers 50c lower: good and choice, [email protected]: lower grades. $9 down. Sheep —Receipts. 100; not enough here to test values; lambs steady to strong at $9 to mostly $9.50 on better grades; common and medium. [email protected]; sheep steady; fat ewes. s2@3. By United Press CLEVELAND. Jan. 30.—Hogs—Receipts. 1 000; holdovers 89; steady: 210 lbs. down, $8.25; 220-250 lbs.. $7.85; 260-300 lbs.. $7.60; rough sows. $6.50: stags. $4.75. Cattle—Receipts. 150; mostly steady, but slow; common to medium steers. $7.50@8: bulk $7.50 down-/bulk low cutter to good cows. $3.50 ®fi.so. Calves —Receipts. 250; mostly steady: bulk vealers sl2 downward; only best qualities eligible. $12.50 or above: comon to medium around $10®11: culls. sß®9. Sheep—Receipts. 600; lambs around steadv; quality considered; few good enough to pass. $9.50; throwouts largely $7.50®8: sheep strong; merely good ewes, $4.50 downward. By United Press PITTSBURGH. Jan. 30.—Hogs—Receipts. 1 800: holdovers. 750: market steady to 10c higher; 130-180 lbs.. $8.45® 8.55 : 200-230 lbs.. [email protected]: 230-250 lbs.. $7.85®8.10; good packing sows. [email protected]. Cattle—Receipts 50; market nominally steady. Calves —Receipts ,125: market steady; better grade vealers. sll® 12.50. Sheep Receipts. 1.000; market steady; good choice lambs under 90 lbs.. $9®9.60; medium grade, $7.50®8.50: aged wethers up to $6. By United Press EAST ST. LOUIS. HI.. Jan. 30.—Hogs— Receipts. 10.000: market steady to 15c higher; top. $8.15; bulk. 140-220 lbs.. $7.85 @8.15: 230-260 lbs.. [email protected]; 100-130 lbs., [email protected]; sows. $6®6.35. Cattle— Receipts. 800; calves 400; market, generally steadv under very light receipts: a few steers selling $8: mixed yearlings and heifers. $5.75®7.50; cows. $4.25®5.25: low cutters. $2.50®3; medium bulls. $5 down; good and choice vealers. $11.25. Sheep— Receipts. 2.000: market, few choice lambs to cMTV butchers steady at $9.50; asking steadv for others; packers bidding lower.

Dow-Jones Summary

LONDON—New York cables opened at 4.85 19-32 unchanged. Paris checks. 133.93; Amsterdam, 12.077; Italy. 92.755; Berlin. 20.435. General Motors 1930 earnings estimated at $3.17 a common share against $5.49 a share in 1929. E. I. Dupont De Nemours 8s Cos. and subsidiaries 1930 net $4.64 a share on 10.783.555 average common share outstanding during vear against $7.09 a share on 10.196.777 average common shares outstanding in 1929. % General Railway Signal Company 1930 net $7.07 a share on 324.100 common shares against $8.25 a share on 357,500 shares in 1929. Lane Bryant Inc. and subsidiaries companies including Howard Shoe six months ended Not. 30. 1930, net urofit $46,036 after depreciation. Interest and federal taxes; for twelve months ended Nov. 30. 1930, net income was $341,796 after depreciation, interest and federal taxes. Empire Public Service Corporation omits quarterly dividend of 45 cents on Class A common due at this time. New York Central Railroad and leased lines December net operating income $2,830,300 against $5,435,967 in December, 1929. For twelve months $57,065,983 against $103,702,779 Including back mail pay. Petroleum Corporation of America, 1930 net income from interest and dividends and after deducting all expenses was $4,923,124. against $3,752,530 In 1929. Net asset value per share at year end $13.81. Pere Marquette December net loss $415,275 after taxes and charges against net loss of $307,746 in December. 1929. Year end Dec. 31. 1930. net Income $1 012,149, against $7,458,460 in 1929. Sears-Roebuck 1930 net $3.01 a share on 4,747,973 shares against $6.62 a share on 4,537,654 shares in 1929. Butler Brothers 1930 net loss $2,542,306 after depreciation, interest etc., against earnings of $1.26 a share In 1929. Virginia Electric Power including subsidiaries December balance after taxes was $717,234 against $784,985 in 1929. Twelve months’ balance $5,945,564 against $3,937,062. Brazilian government formulates plan for purchase of coffee stocks in that country: price set at 80 milrets a sack, growers to receive 60 miireis in cash and 20 miireis in form of bonds maturing in twenty years. Wagner Electric Company declared regular quarterly dividend of 37% cents on common, payable M>; ch 1. record Feb. 12. Officials re-elected. ~ Brokers* Loans declined $33,000,000 In week to $1,734,000,000 non-brokers loans off $25,000,000; reserve system ratio at 82.7 per cent against 81.2 per cent week ago and 78.3 per cent year ago; New York ratio at 86.6 per cent against 85 per cent and 77.3 per cent respectively; no announcement on rediscount rate of 2 per cent. Ward Baking Corporation and subsidiaries year ended Dec. 27. net profit $2,058,546 after interest, depreciation, federal taxes, etc. against $3,124,413 in 1929. Alaska Packer Asociation 1930 net loss $894,328 after expenses against profit $13.02 a share in 1929. Federated Metals Corporation and subsidaries year ended Nov. 30 net loss $676,488 after interest, depreciation, etc., against net profit of $3.67 a share in preceding year. New York city $20,000,000 short loan from local bankers on 1.90 per cent basis. American Metal Company omitted 25 cents auarterdly dividend due at this time. ,

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Jan. 30.—Leading stocks moved forward today with a more confident trend. The session was enlivened by the spirited upturns of several stocks, which have been quite active of late. The market reflected much less apprehnsion over the veterans* bonus controversy, the impression growing that the measure may be killed before reaching congress. Remarks of leading executives in connection with their annual eariiings statements appear to be clarifying the business situation with regard to the outlook. In some instances actual improvement during the current month is being pointed to. The automobile news today was more cheerful with manufacturers generally noting increased sales and arranging to expand operations. There were intimations that the Ford Motor Company intends to increase production very shortly. Should the automobile industry get back into strides more nearly normal, it would have most widespread effect, as perhaps no industry feeds so many dependent lines of business. The discordant note of the day was the lowering of the price of copper, but this seemed to have no general influence. Technical conditions favor the market, as reflected by the loaning premiums of sevedal stocks. This indicated that the short interest had grown during the last few days. Dislodging no liquidation, naturally this interest was none too comfortable aver the resistance which the market displayed. The fact that no substantial liquidation was renewed, even in the face of 'adverse developments, is reassuring and should prove strengthening to investment confidence. By and large, the prospects of the j market appear favorable.

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LATE PRESSURE SENDS FUTURE MARKET DOWN Wheat and Oats Forced Off on Corn Weakness in Late Trading. By United Press CHICAGO, Jan. 30.—Further selling in the late trading depressed com on the Board of Trade today and prices sold sharply lower. The market had been easy of the session, but held to a narrow range until the last. July wheat was firm early, with the strength in Winnipeg a factor, but the weakness in corn increased the selling pressure and prices slumped to under the previous close. Demand for all grains was desultory today. Oats were unsettled and dominated by com. Liverpool Higher At the close corn was 1 to 1% cents lower, July wheat was % cent lower, with the old crop months unchanged to % cent off, and oats were % to *4 cent lower. Provisions were steady to firmer. Liverpool held steady to close to %. cent higher. Buenos Aires was quiet and % cent lower at midday. There was no change in the character of the news, most operators waiting for some indication as to the next action to be taken by the farm board. Cash prices were unchanged. Receipts were 69 cars. Corn went down fractionally under selling by locals during the morning, mostly in small amounts. Pressure Light The pressure was not heavy and the market held to narrow limits, around % to % cent lower at midmorning. Cash prices were unchanged to 1 cent lower. Receipts were 131 cars. Oats had no significant action during the morning, although the old crop deliveries showed some strength early. At mid-session prices were off *4 to % cent largely with corn. The cash market was fairly active. Cash prices were unchanged to % cent lower. Receipts were seven cars. Chicago Grain Table —Jan. 30— WHEAT— prev. Open. High. Low. Close, close. Mar (old) .79% .79% .79% .79% .79% Mar (new) .79% .79% .79% .79% May (old) .51% .81% .81% .81% .81% May (nev;) .82% .82% .82% .82% .82% July 66 *i .67% .66% .66% .67 CORN— Mar (old) .63% .63% .62% .62% .63% Mar (new) .63% .63% .62% .62% .63% May (old) .64% .65% .63% .64 .65 May (new) .65% .65% .64% .64% .65% July 66% .66% .65 .65 .66% Sept 65% .66 .64% .64% .65% OATS— Mar (old) .32% .32% .32% .32% .32^ May (old) .32% .33 .32% .32% .32% (new) .33 .33 .32% .32% .32% July 32% .32% .31% .31% .32 RYE— Mar (old) .38% .39 .38 .38 .38% May (old) .39% .40% .39% .39V, .39% (new) .40% .40% .39% .39% .40 July 40% .40% .39% .39% .40% LARD— Jan .... 8.25 8.27 8.25 8.25 8.25 Feb .... 8.25 8.25 8.25 Mar 8.30 8.32 8.30 8.32 8.30 May 8.45 8.50 8.45 8.50 8.45 July 8.57 8.65 8.57 3.62 8.57 Sept 8.75 8.80 8.75 8.80 8.75 BELLIES— Jan 10.90 10.90 May 10.90 10.90 Jluy 11.00 10.90 By Times Special CHICAGO. Jan. 30.—Carlots—Wheat 59; corn. 129; oats. 8. By United Press CHICAGO. Jan. 30.—Cash grain close; Wheat—No. 2 red. 78%c: No. 1 hard. 79c: No. 2 hard. 78%c. Corn—No. 3 mixed. 61 ®6l%c; No. 4 mixed. 59@60%c; No. 5 mixed. 57@59c; No. 6 mixed. 57c; No. 2 yellow. 64c: No. 3 yellow. 61@62%c; No. 4 yellow. 59@60%c: No. 5 yellow. 57@57%c; No. 6 yellow. 56c: No. 3 white. 63%@64c: No. 4 white. 62@63c: No. 5 white. 61c. Oats—No. 2 white. 32®32%c; No. 3 white. 31%c; No. 4 white. 29%c. Rve—None. Bariev—3B®62c. Timothy—sß.7s @9. Clover [email protected]. By United Press TOLEDO. 0.. Jan. 30.—Grain close; Wheat—No. 2 red. 83® 84c. Corn—No. 2 yellow. 68®69c. Oats—No. 2 white. 36® 37c. Rye—No. 2. 63c. Clover —Domestic, prime, old. $14.50: prime, new. sls; prime, choice, new. $15.35; prime choice, old. $14.80: February. sls: March $15.15. Alsike—Cash. $13.90: March. sl4. Butter— Fancy creamerv, 31®32c. Eggs—Country run. 17@20c. Hay—Timothy. $1.60 cwt. By Times Special CHICAGO. Jan. 30.—Primary receipts; Wheat. 1,260.000. against 565.000; com, 687.000. against 1,286.000; oats. 229.000, against 210,000. Shipments: Wheat. 533,000, against 476,000: corn. 544,000. against 543,000; oats. 241,000, against 280,000. NEW YORK COFFEE RANGE -~Jan. 30— High. Low. Close. March 5.78 5.77 5.78

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Chicago Stocks

' By James T. Hamlll A Oo.) The market acted well today with large volume of trade In Bendix, Cord and especially In United States Radio and Television which sold steadily higher most of the day after opening at United States Radio and Television is not only reported to be In an unusually strong financial position, but earnings are rumored to be greatly in excess of 1929, owing to large sales of their midget sets and which have exceeded their expectations especially in January with the outlook j for February not far behind. Trading was also good in BorgWamer and while Its prices did not vary greatly during the session, the tone was also most firm as was Middle West and Insull Utilities. At the finish the market sold slightly off on profit-taking. While things seem better there is no evidence as yet that the market as a whole Is ready to step out in a broad advance and this appears natural enough In view of the uncertainty regarding the general business situation. —Jan. 30— TOTAL SALES 135.800 SHARES , , . High. Low. Last. Allied Motor Ind 1% i% ii, Allied Products 19% 19 19 Amer Equities 5% . Art Metal Works 6% 5% “6% Assoc Telephone Util.. 23 22% 23 Bendix Aviation 20 s * 20 20% Borg-Warner 24% 34 24 Burham Trading 2% 2 a Burnham Trading pfd. 10 Butler Bros 6% 6 6 Castle A M 27 27 Vi. 27 VV ceco Mfg co k . 27V4 Cent HI Securities 24 23% - 24 ?- U o Se J, v Class ’ A " 18T 18% 18% Cent &So West 21% 21% 21% Chicago Yellow Cab 21 20 20 Cities Service 18% 17% 17’, Commonwealth Edison .241% 239% 241% Construe Material pfd.. 30 Continental Chicago .. 7 Continental Chicago pfd 37% Cord Corp a% 8 8 Corp Securities 191, 18% 13% Electric Household .. 25 t. . General Theater Equip. 13% 12% i3 Gleaner 311 334 371 Great Lakes Aircraft.. 1*; ..." .. Grigsby-Grunow 3% 3% 331 Hart-Carter pfd 10% 3 * Houdaille-Hershev A.... 12% “ Houdailie-Hershev 8.... 5 Insull Util Invest 42% 40% 4t Ins Ulno2ds 6s of ’4O 91 90% 91 Kalamazoo Stove .... 33% 32% 32% Keystone Steel 10% ... 3 Libby-McNeil 11% ii% ’list Mai Hshold Util ...... 3% ™ Manh-Dearborn 18 i7% '17% Marshall Field 30 29% 29% Middle West Util ...... 23 22% 23'* Midland United 20% 20 20% Midland United Warr... 40% ... Missouri-Kan Pine Line 6% 6% '% National Repub Inv .... 30 . National Sec Invest 5% 5 's% Natl Sec Invest Ctfs... 72 71% 71% National-Standard 30% 30 30% Noblitt-Sparks Ind Inc 44% 44 44% North American Car 28% Pines Winterfront 17 Seaboard Util Shares... 3% ... Southern Union Gas... 8% Swift <fc Cos 28’, 28% 28% Unit Corporation 9% 9% 91/, U S Gvpsum Com 42% 42 42% 77 s Radio & Tel 22 % 19% 21 Utah Radio 3 Utility & Ind 7% ... Utility & Ind pfd 18% 18% ig%

In the Cotton Markets

(Bv Thomson & McKlnncn) NEW YORK, Jan. 30.—There was a string market in cotton this morning, with prifces up 8 to 12 points. The advance would have been greater but for some selling of the March poistion. This selling was gradually absorbed by various spot houses. The Liverpool market also showed strength in the face of some setback in the Indian political situation. Mills in the south show a tendency to the increased output and as the textile business is carefully managed these days, they have, in all probability, the orders for the goods in hand. The cause of the firm cotton market, notwithstanding professional pessimism, must come from a large trade short interest, due to postponing price fixing. In dull periods, mills have been known to sell contracts against unsold goods, a sound business procedure, if not carried too far. The market was quiet, with prices at the high point of the day as the ! second hour of the afternoon began. May contracts at 10.65. NEW YORK —Jan. 30— High. low. Close. March 10.44 10.31 10.40 May 10.69 10.57 10.58 July 10.94 10.82 10.92 October .. 11.21 11.08 11.20 December 11.39 11.26 11.38 CHICAGO High. Low. Close. March : 10.47 10.44 10.47 May 10.75 10.69 10.74 July 10.99 10.93 10.99 October 11.24 11.17 11.24

.JAN. 81, 1931

STEEL CORPORATION DECLARES DIVIDEND Bethlehem Reports Net Income for Last Quarter of Year. By United Pres* NEW YORK, Jan. 30.—Bethlehem Steel Corporation directors today declared the regular quarterly dividend of $1.50 a share on the common stock. Earnings of the company for h the months ended Dec. 31, were equivalent to 17 cents a common share, bringing the total profits to a share on the junior stock, compared with dividend requirements of $6. Net income in the last quarter of the year was $2,291,000 after charges against $10,046,197 in the same period of last year and $3,783,425 in the preceding quarter. Net incomp for the year ended Dec. 31, was $23,843,406 after charges against $42,242,980 in 1929. Legal Notices NOTICE TO CONTRACTORS. Notice is hereby given by the Board of Public Safety of the city of Xndlanapo.is, Indiana, that sealed proposals will be received bv it at the office of the Board of Public Safety at 10 o’clock a. m. on the 10th day of February. 1931 Under Miscellaneous Resolution No. 1 for repairing and reconstructiat the refrigeration plant in the Indianapolis City Market according to the revised Group ’ B plans and specifications adopted by said Board of Publice Safety and now on file in its offloe in the city hall. Indianapolis. Each bidder must file with said Board of Public Safety along with its proposal the u&iial statutory non-collusion affidavit and a certified check in the sum of two (3) per cent of his total bid. The successfull bider wIU be required to give a bond with surety to be approved by the Board of Public safety in a sum equal to or.s hundred (100) per cent of the contract price to insure the completion of said work, according to the terms and provisions of the contract therefor. The Board of Public Safety reserves the right to reject any MYERS. FRANK C. DAILEY. DONALD S. MORRIS. Board of Public Safety.

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