Indianapolis Times, Volume 43, Number 177, Indianapolis, Marion County, 3 December 1931 — Page 13

DEC. 3, 1931

UNEVEN TREND MARKS TRADE IN SECURITIES Steel Issues Among Weak Spots of List; Rails Irregular.

Average Stock Prices

Avearire of thirty Industrial* for Wednesday 87.80. Off 3 87. Average of twenty rails 38 25. off 2.64. Average of twenty Utilities 85.81. off 13.18. Average of forty bonds 80.74. off 1.13. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Dec. 3.—Trading turned dull on the Stock Exchange today and prifces moved Irregularly. Bonds were iri'egular with a lew rails firming up after Wednesday’s shakeout. Over on the Metal Exchange traders lolled about and not a single transaction was made during the morning in silver metal which was so active a short time ago. Traders were awaiting some definite Indication of a trend on the Stock Exchange before further operations In silver. ' There were a few weak spots and one strong one on the Stock Exchange. The strong one was American Shipbuilding which rose nearly 9 points to 29'% following receipt of a million-dollar contract which was to give employment to 1,000 men. Steel Issues Weak The Steel corporation issues were among the weak spots. Steel preferred broke to 105, of! 5 points and anew low for the past twelve years. The common made anew low since 1915 at 51%., off % and failed to rise much from that level. Western Union made anew low since 1908 at 45Vi, off 2 : !i and Radio Corporation made anew low for the present shares at 5Vi, off %. Westinghouse Electric also sold off to a new bear market low. Goodyear was weak in the rubbers and Borden broke more than 2 points in the foods, while Pennsylvania made anew low below 22 in the rails where Central of New Jersey crashed 13 points to anew low of 80. Few Rails Firm Up A few of the raiiroad shares firmed up fractionally, including the Nickel Plate issues. Nickel Plate bonds, however, continued to work to lower levels. Utilities were mixed in a narrow range. General Motors resisted selling and remained fractionally above its low for the year of 22 >4. It was rumored that a huge block of the stock was being liquidated to pay off a bank loan of a large holder.

York Curb Market

(Bv Thomson & McKinnon) —Dec. 3 11:001 11:00 Alum Cos of Am 65% Int Pet -.0% Am Cvnamid... 4 ,Mead Johnson.. 48% Am Gas & Elec il% I Midwest Ut 9 % Am Lt <fc Trac. 24% Mo Kan Pipe... 1% Am Sup Pwr... 4%‘Nat Aval 3 Ark Gas A 2%iNewmont Min... 13% Ass Gas & Elec 5% Nia Hud Pwr.. 7% Cent Sts Elec.. 2%lPenroad 2% Cities Serv 6%ISt Regis Paper.. 5% Cord 7%i Sel Indus 1% Deere &Cos 12%l8henandoah ... 1% Elec Bnd Sh. 15%|50 Union Gas.., 2% Ford of Eng.... 5% Std of Ind 18% Goldman Sachs. 2% Un Gas A .... 2% Gulf Oil 43% Un Lt & Pwr... 8% Hudson Bay ... 2% Un Verde 4 Ind Ter A 6%|Ut Pwr B 3% Insul Ut ...... 9%lUnited Finders.. 2%

Net Changes

By United Press • NEW YORK, Dec. 2.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: UD. Off. Allied Chemical 73% ... 2% American Can 93% ••• 2% American Telephone 125% ... 2% Auburn 19T3? ••• ? Bethlehem Steel 24% ... 1 Case 36% ... 1% Chrysler 13% ... % Consolidated Gas t>s% ... 1% Du Pont 53% ... 3 Electric Power 14% ... % General Electric j|6% ... % General Motors 22% ... 1% International Telephone ... 10% ... 1 Loew’s Inc 34% ... % Lorillard 15 1 ... N Y Central 30% ... 2% North American 35% ... 1% Paramount 9 ... % Radio 5% ... 1% Radio-Keith 1% ... % Sears Roebuuck 36% ... 1% Standard Gas 33% ... % Stan Oil N J 31% ... % Transamerlca 3% ... % U S Bteel 52 ... 2% Vanadium 15% ... 1% Westlnghouse El 31% ... 1% Woolworth 44% ... 1% NEW YORK COFFEE RANGE —Dec. 2 High. Low. Close. January 5.21 5.20 5 21 March 5.40 5.32 5.86 Mav 5.51 5.46 5.51 September 5.73 .... 5.73 December 5.16 5.10 5.10

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

* • • • • • • • • j WE BUY AND SELL j • • U. S. LIBERTY LOAN BONDS • i • l U. S. TREASURY CERTIFICATES : : j U. S. INSULAR AND j TERRITORIAL BONDS • * • • INDIANA MUNICIPAL BONDS ; J • i INDIANA GRAVEL ROAD BONDS j : : : FEDERAL FARM LOAN BONDS i i : JOINT STOCK LAND BANK BONDS : * • m # • Fletcher American company * • i AFFILIATED WITH • THE FLETCHEE AMERICAN NATIONAL BANK I l l l 41 NORTH PENNSYLVANIA STREET I ! •••••

New York Stocks — ,b Thomson & McKinnon i ———

—Dec. 3 Railroads— Prey. High. Low. 11:00, close. Atchison 91 M% >0 90 Atl Coast Line 38 Balt it 0hi0... 23 22% 22% 23% Chesa dr Ohio. 28% 27% 27% 28% Chesa Corp 19% 19% 19% 20 Chi Ort Weat ... 3% 3% Chi N West ... 7% 7 7% 7% C R I drP 9% 9% Del Ldr W 21% 21 Del dr Hudson 80 Erie 7% Erie Ist pfd 11 Ot Northern ... 20*4 20% 20% 22% nilnois Central 11% 10*,4 11 10% Kan City So ... 10 • Lou dr Nash 24% 34 24% 23 M K dr T 5% 5% 6% 5% Mo Pacific 9 8% 9 9 Mo Pacific Did.. .. 22 N Y Centiaf ... 31% 30% 30% 30% Nickel Plate 5 5 NV NH & H.... 26% 25% 20% 25% Nor Pacflc 17'% 17 17% 17% Norfolk dr West 128% O ft W 7 Pere Marq io Pennsylvania ... 22% 22 22% 22% Reading 40% 43 3eaboard Air L % So Pacific 3* 32'4 34 32% Southern Ry... 10 9% 9% 10 8t Paul 2 2 St Paul pfd 3% 3% St L dr 8 P.... 3% 3% 3% 3% Union Pacific .. 79% 78 78 78 Wabash 114 1% 114 1% W Maryland... 6 5% 6 6 West Pacific 3 Equipments— Am Car Ac Fdy 8% Am Steel Fd.... 714 6% 6% 7% Gen Am Tank.. ~ ... 39 40 General Elec 20% 26V. 20% 26% Press Btl Car 2 Pullman 20% 20% 20% 19% Westlngh Alrb 15% 16 S, Westlngh Elec.. 31% 30% 31 31% Rubbers— Firestone 14 Fisk >4 ... Goodrich 5% 5% Goodyear 18% 17% 17% 18'4 Kelly Sprgkd.... 1% 1% 1% 1% Lee Rubber 214 Mi U S Rubber 5% 5 5 5'% Motors— Auburn 11l 107 108 s 4 107% Chrysler 14 13*4 13% 13% Graham Paige 3 General Motors 22% 22% 2214 22% Hudson 11 11% Hupp . ... 5 5 Mack 17 16% 17 16% Nash 16% 16% Packard 4% 4% 4% 4% Pierce-Arrow 10 lu Reo 4% Studebakcr 12% 12% Yellow Truck... 4% 4 4% 4% Motor Access— Bendix Aviation 18% 18'4 18'4 18% Bore Warner 11% 11% Briees 10 10% Budd Wheel 4 Campbell Wv 8 Eaton •• .8 B'4 EH Storaee B 33 Haves Body 1% Houda 3% 3 Motor Wheel .... 7% ... Stewart Warner.. 5% 5% 5% 5% Timkin Roll 20% 21 Mlnine — Am Metals 8% Am Smelt 21% 20% 21 21% Am Zinc ... Anaconda Cop... 12% 12 12% 12% Cal & Hecla , 3 7 * Cerro de Pasco. 13% 13% 13% 13% Dome Mines ... 8% 8% Freeport Texas.. 16% 16% 10% 16% Granby Corp 6% 6% Great Nor Ore 15 14% Howe Sound .... ...., 3% Int Nickel 8% 8% 8% 8% Kennecot Cop.. 11% 11% 11% 11% Magma Cop 7% 7% Miami Copper . 3% Nev Cons ... 5% 5% Texas Gul Sul.. 24% 24% 24% 25% U S Smelt 16 16% Oils— Amerada ••• 15% 15% Am Republic 1% ... Atl Refining ... 11% 11 11% 11 Barnsdalf 5% 5% 5% 6 Houston 4% 4% Indian Refining 2 Ohio Oil 7% 7% 7% 7% Mex Sbd 7% 7% Mid Conti 6% 6 6 6 Pan-Am (B) 23 Phillips 6 6% Pr Oli fz Gas ... 6% 6% 6% 6% Pure Oil ... 5% 5% Royal Dutch ... 15% 15% 15% 15% Shell Un 4 4 Sinclair 6'4 6 6% 6% Stand of Cal ... 30% 29% 29% 30% Stand of N J .. 32 31% 31% 31% Soc Vac, 11% 11 11 11% Texas Cos 17% 16% 17% 16% Union Oil 15 15% Steels— Am Roll Mills.. 10% 10% 10% 10% Bethlehem 24% 24% 24% 24% Byers A M 14% 14% 14% 14% Colo Fuel ....'. 9% Cruc Steel 27 27 Ludlum 6% McKeesport Tin 52% 51% 51% 51% Midland 9% 9 9 Newton ... 4 ... Repub I & & 6% 6% U S Steel 52% 51% 51% 52 Vanadium 15% 15 15% 15% Youngst S&W 11% Youngst S & T 20 Tobaccos— Am Sumatra 6% A Tob A (new). 77% 77% 77% 77% A Tob B (new) 80 79 80 79% Con Cigars 21% 22 General Cigar 33 Llg Ac Mvrs (B) 50 51 Lorillard 15% 15 15% 15 Reynolds T0b.... 37 36 37 36% Tob Pr A 8% 8 Tob Pr B 3% 3% United Cig 1% Utilities— Abltibl y 2% Adams Exp 5 4% * 4% 4% Am For Pwr ... 9% 9% 9% 9% Am Pwr & L 1... 16% 16 16% 16% AT&T 125% 124% 125% 125% Col Gas &El 19'/ 19% 19% 19% Com & Sou 4% 4% 4% 4% El Pwr & Li.... 14% 14% 14% 14% Gen Gas A 2% 2% Inti TANARUS& T II 10% 10% 10% Natl Pwr &Li 14% 14% No Amer Cos ... 35% 34% 34% 35% Pac Gas & E 1... 34% 34% 34% 35% Pub Ser N J ... 59 58% 58% 58% So Cal Edison 32% 32% Std G& El 32% 32% 3314 3314 United Corp ... 11 10% 10% 11 Ut Pwr & L A.. 12% 11% 13% 12 West U"ton 47% 46 46 48 Shippi.g-e-Am Inti Ccrp 6% 6% N Y Ship 4% 4% 4% 4% Atl Gulf &WI .. ... ... 14 2 United Fruit 27% 28 Foods— Am Sug 411/ Armour A 1 Bcfchnut pkg 40% ... £al Pkg 10% 11% Can Dry 17 17 Childs Cos !. in C°ca Cola 110 109% iio 110 Cont Baking A% Corn Prod 46% 45% 46 45% Cudahy Pkg . 35 ° en 5 00 ,1®. 36 '35% '35% 35% Grand Union 9% 014 Hershev 81% 81% Jewel Tea 35% 35% 35>,| ... Kroker 17% 17 17 17% Nat Biscuit .... 41% 41% 41% 42 PUlsburv 22% Purity Bak 13% 13% 13% i4% Safeway St 47 47% Std Brands 14% 14% 14% 14% Ward Bke 13% 13 13 .. Drugs— Cotv Inc 4 Lambert Cos ... .52% 51% 52% 51% Lehn & Fink 20% ...

Industrials— Am Radiator..... 7% 7% 7% '% Bush Term 17 Certainteed 3 Gen Asphalt 13% 13% Lehigh Port 7 7% Otis Elev 22 Indus Cheats— Allied Chem.... 74% 72% 73% 73% Com Solv 9% 9% 9% 9% Union Carb 31% 31% 31% 52% U S Ind A1c0... 29% 28% 28% 28% Retail Stores— Assoc Dry Ods.. 10 9% 9% 10 Gimbel Bros 3% 3 Kresge 8 3 19% 19% May D Store 22 22% Mont Ward .... 9% 9% 9% 9% Penny J C 31% 30% 31 31 % Schulte Ret St 4 4 Sear? Roe 37% 36% 37 36% Woolworth 44% 44% 44V 44% Amusements— Bruns Balke 4% 4% Col Graph 3% 3% 3V 3% Crosley Radio 4% Eastman Kod ... 94 92% 93% 92% Fox Pllm A 3% 3% 3% 3% Orlgsby Gru 1% 1% 1% 1% Loews Inc 34% 33% 34% 34% Param Fam .... 9% 8% 9% 9 Radio Corp .... 5% 5% 5% 5% R-K-O 1% 1% 1% 1% Warner Bros 32% MiscellaneousCity Ice & Fu 3074 Congoleum 9% 9% Am Can 64% 63% 64% 63% Cont Can 35% 34% 34% 36% Curtiss Wr 1% 1% 1% 1% Gillette SR 13% 13 13 13% Real Silk 3 Un Arcft 1274 12% 12% 12% Int Harv \ ... 27% 27% J I Case 3674 35% 36% 36% DOOMED YOUTH CLINGSTO HOPE (’Continued from Page 1) he did not believe he would die in the chair. “Something will save me,” hes .id. “It won’t be my age. It will be because I was drunk.” There was more hope than conviction in his voice. ana nUT it is because Americans cringe at the thought of a 17-year-old boy, his birthday just passed, dying in the electric chair that letters and telegrams have come from all over the nation, urging that his sentence be commuted. One petition taken before the state board of pardon and parole by Attorney B. J. Knight bore 3,000 names. The board declined to interfere. On its decision the Governor based hL refusal. At Rockford, where Russell confessed he shot and killed motorman William Sayles 64, after holding up and robbing him and seven passengers on his street car the night of Aug. 29, most people believe the sentence should be carried out. His father and his mother, Mr. and Mrs. Robert McWilliams, are clinging to hope. “He was always a good boy,” Russell’s mother sobbed when she heard that the Governor had turned down the plea for commutation. “It was the liquor that made him .do it.” a a TY USSELL MCWILLIAMS’ boyhood and his teen years had no reason why he should be facing death for murder. The tall, lighthaired, friendly chap does not look like a murderer. Only his closeclipped hair and his prison garb mark him from thousands of boys of high school age. He was one of the last group of prisoners to have his hair clipped. They no longer shave prisoners’ heads at Joliet. Russell was born at Exline, la., he moved to Rockford with his parents and his brother Theodore, five years ago. The family lived in a modest home on the outskirts of Rockford. Russell did not do particularly well in school. He quit when he was 13, while in the seventh grade. He twice had failed to pass. But his reason for leaving school was understandable at least to his parents. He was more interested in working around machinery. He could take apart any piece of machinery. ’ Russell wanted to earn his own money. He went to work for the Chappel brothers meat packing plant. Out of his earnings he bought a roadster, a collie dog, and collegiate clothes. He had a good time with his friends, boys and girls, and worked steadily. u a u “T HAD nothing wrong at home at all,” the youth said, reminiscing in his cell. “My parents treated me all right. I got along with other people. I had plenty of friends'. “I went to the movies a lot. I like wild west pictures. Then I fooled around with guns and my car. I could lie around all day in grease under a car. I was cut out for a mechanic all right. I don’t blame apy one for the jam I’m in, I blame myself and the liquor.” On Saturday, Aug. 29, this youth, who apparently had everything a boy would want or expect, within reason, started out from home with a revolver in one pocket and a pint of grain alcohol in another. He had drawn his S2O pay check that day. He drank the alcohol and drove to a street car line. When the car stopped, he boarded it, held up and robbed those aboard it. tt K “T HARDLY could see what I was J. doing. I thought the motorman made a pass at me,” he says. “I thought I fired once. They said in court that I shot five times. Then I jumped off and got in my car. It wouldn’t start so I forced a couple to drive me to Freeport. They caught me there.” Russell confessed. Witnesses were heard by Judge Fisher and then he pronounced the death sentence. “Do I want to die?” he says. “Os course not. I’d rather do life in prison, although I’m not afraid to die if I have to. I hope they do a good job of it if I have to go. “Meanwhile, I’m going to sleep all I can and read the Bible a lady sent me. That seems to help. It makes you forget for a little while.”

/ Will Buy Building & Loan Association Deposit Books Newton Todd 415 Lemrke Bldg.

Zaiser & Zaiser Incorporated Brokers Unlisted Securities 129 E. Market LL 9375 Rl. 2167

THE INDIANAPOLIS TIMES

HOGS ADVANCE ON IMPROVED BUYINGACTION All Cattle Classes Slow and Draggy; Sheep Unchanged. Slightly stronger demand carried hogs up 5 cents on most classes this | morning at the yards. The bulk, I 100 to 300 pounds, sold for $4.35 to $4.50; early top holding at $4.50. Receipts were estimated at 7,000; holdovers were 177. A slow, draggy trade prevailed in all cattle classes with a decidedly lower tendency showing. Receipts were 900. Vealers were unchanged at $7.50 down. Calf receipts numbered 600. Little change was noted in the sheep market, good and choice lambs selling for $5.75 to $6. A small lot or two made a top of $6.25. Early sales and bids on hogs held steady at Chicago. Good and choice 210 to 240 pound weights sold for $4.35 to $4.40; best light weights held at $4.50. Receipts were 40,000, including 19,000 direct. Holdovers were 10,000. Cattle'receipts were 5,000; calves, 2,500; steady. Sheep, 13,000; 25 cents up. HOGS Nov. Bulk. Earlv Tod Receipts. | 25. $4,550*/ 5.65 $4.70 4,000 27 4.657® 4 80 4.80 . 7.000 28. 4.50® 4.65 4.65 5.000 30. 4.50© 4.65 4.65 8.000 Dec. 1. 4.35® 4.50 4.50 10.000 2. 4.30® 4.45 4.45 8.000 3. 4.35® 4.50 4.50 7,000 Receipts, 7,000; market, higher. (140-160) Good and choice.4.so —Light Lights—-(l6o-180) Good and choice... 4.50 —Light Weights—-(lßo-200) Good and choice... 4.50 (200-220) Medium and g00d... 4.45 —Medium Weights—-(22o-250) Good and choice... 4.40® 4.45 (250-290) Medium and g00d... 4.35 —Heavv Weights—-(29o-350) Good and choice 4.25® 4.35 —Packing Sows—-(3so-500) Medium and good.. 3.50® 4.00 (100-130) Slaughter pigs 4.50 CATTLE (SLAUGHTER CLASS) Receipts, 900; market, steady. —Steers— ' Good and choice $ [email protected] Common and medium 4.00® 7.75 (1 100-1,500) Good and choice Common and medium 5.50® 7.75 —Heifers—-(soo-850) Good and choice 6.75® 9.00 Common and medium 3.50® 6.75 —Cows— Good and choice 3.75® 5.00 Medium 3.00® 3.75 Cull and common 1.50® 3.00 —Bulls (yearlings excluded)— Good and choice beefs 3.25® 4.25 Cutter, common and medium 2.00® 3.25 CALVES AND VEALERS Receipts. 600; market, steady. —Vealers— Good and choice $ 7.00® 7.50 Medium 5.00© 7.00 Cull and common 3.00© 5.00 —Calves— Good and choice 4.50@ 6.50 Common and medium 2.50® 4.50 —Stockers and Feeder Steers— Good and.choice 4.25® 5.25 Common and medium 3.00© 4.25 (800-1.500) „ Good and choice 4.25® 6.25 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts. 1,400; mr’-ket, steady. Good and choice $ 5.75® 6.25 Common and medium 3.50© Ewes, medium and choice ... 1.25© 2.50 Cull and common 50® 1.25 Other Livestock By United Press CHICAGO. Dec. 3.—Hogs—Receipts, 40,000; including 19,000 direct; slow, steady to 10c lower; 170-280 lbs., [email protected]; top, $4.40; 140-160 lbs., $4.15©4.20; pigs, $3.75 ©4; packing sows, *3.8004; light lights, 140-160 lbs., good and choice, $4.15®4.35; lightweights. 160-200 lbs., good and choice, $4.30©4.40; medium weights, 200-250 lbs., good and choice, [email protected]; heavyweights, 250-350 lbs., good and choice, [email protected]; packing sows, 275-500 lbs., medium and good, $3,707*4; slaughter pigs, 100-130 lbs., good and choice, $3.60@4. Cattle —Receipts. 5,000; calves. 2,500; generally steady trade; weighty offerings in best demand, but all grades and weights being cleaned up; sizable supplies having been held over from earlier in week; prospective top around $12.75 on heavy steers, but bulk, $7.50 down to $5.50. Slaughter cattle and vealers: Steers, 600-900 lbs., good and choice. $7.25011.50; 900-1,100 lbs., good and choice, *[email protected]' 1,100-1,300 lbs., good and choice, [email protected]; 1,300-1,500 lbs., good and choice. *7.50012.75; 60-1,300 lbs., common and medium, [email protected]; heifers, 550-850 lbs., good and choice, s6® 9.50; common and medium, s3@6; cows, good and choice. $3.50®5; common and medium, 82.500*3.50; low cutter and cutter cows. [email protected]; bulls, yearlings excluded, good and choice beef. *404.75; cutter to medium, $2.5004.25; vealers, milk fed, good and choice. $5716.50; medium, s4@s; cull and common, s3®4; Stocker and feeder cattle, steers. 500-1,050 lbs., good and choice. [email protected]; common and medium, $3.50@5. Sheep—Receipts, 13,000; early market mostly steady; good to choice lambs, $5.50715.75 to packers; outsiders, $6; rangers, $5®5.25 to killers; choice range ewes, $2.75; best feeding lambs held at $5; slaughter sheep and lambs: Lambs. 90 lbs., down, good and choice, *[email protected]; medium, [email protected]; all weights, common, $3.50©4.50; ewes. 90150 lbs., medium to choice. 51.50®3; all weights, cull and common. $1.25@2; feeding lambs, 50-75 lbs., good and choice, $4.50®5. By United Press EAST ST. LOUIS, Dec. 3.—Hogs—Receipts, 10,500: market; steady to 100 higher; top $4.45; most 140-280 lbs., $4.25® 4.4<J; a' few pigs, [email protected]; sows largely, $3.6503.85. Cattle —Receipts 2,500. Calves —Receipts, 1,000; market, slow; no early sales steers; few mixed yearlings and heifers barely steady with Wednesday’s decline; other classes about steady; cows largely *[email protected]; low cutters, [email protected]; top medium bulls, $3.50; good and choice vealers. $7.50 Sheep—Receipts, 3,500; market no earlv sales; indications steady; or mostly $550 and lower for lambs. By United Press LAFAYETTE, Dec. 3.—Hogs—Market, 5® 10 cents higher; 160-180 lbs., $4.30; 180-200 lbg.. $4.25; 200-225 lbs., $4.20: 225-250 lbs, $4.15; 250-275 lbs., 84.10: 275-300 lbs., $4.05; 300-325 lbs.. *390; 130-160 lbs. $410; 100 130 lbs, $4; roughs, $3.50 down; top C5’.7N, $6.50; top lamb?, $5.50. By United Press FT. WAYNE. Dec. 3.—Hogs—Market, steady to 10 cents lower; 100-140 lbs., $4.20; 140-160 lbs.. $430: 160-200 lbs., $4.35: 200-250 lbs., *4.25; 250-300 lbs. *420; 300-350 lbs, *4.10; roughs. *3.50; stags, *2.50; calves $8; lambs. *4. By United Press CINCINNATI, Dec. 3. —Hogs—Receipts, 3,800; held over, none; somewhat slow, mostly steady with some weakness on weights between 230 and 270 lbs.; better grade. 160-225 lbs., largely *4.65; 235-300 lbs., *4.257*4.50; 130-160 lbs., [email protected]; sows mostly *3.50; lightweights, *3.75. Cattle—Receipts, 1,000; calves, 250; verv slow, barely steady with Wednesday’s weak to 25c lower late trade: odd lots, common and •medium steers and heifers. *[email protected]; sprinkling of better finished kind upward to *7.50; beef cows, *3.25© 3.75; bulk low cutter and cutter cows, *2©3; bulls mostly $3.2503.75: a few *4; vealers closing 50c lower on better grad® at *[email protected]; a few early sales, *8; lower grades practically unsalable: a few *6 down, sheep—Receipts. 600; slow, about steady; better grade ewe and wether lambs. *5.75 to mostly *6; best quotable, *6.25; common and medium, *4©5.25: ewes. *1.50 down. By Times Special • LOUISVILLE. Dec. 3. —Hogs—Receipts. 500; steady; 175-240 lbs., 84.50; 240-300 lbs.. *4.20; 300 lbs. up. *3.60; 175 lbs. down. *4.10; packing sows. *[email protected]; stags, $2.35 down. Cattle —Receipts. 200; steady at recent decline: slaughter steers and heifers mostly ss® 6.50: slaughter cows, *4 down; bulls, *3.75 down: light Stockers, *s@6. Calves—Receipts, 200; 50c lower: top vealers. $6.50; medium vealers. *3.5004.50; throwouts. *3.50 down. Sheep and lambs—Receipts. 100; steady; best fat down: fat ewes, $2 down. Wednesday's lajnbs. *6: buck lambs. *5: throwouts, *3 shipments: Cattle. 35; calves. 210; hogs, none, and sheep, none. By United Press CLEVELAND, Dec. 3.—Hogs—Receipts, 1.600; holdovers. 824; steady; hulk 160-230 lbs.. *4.75. 240-300 lbs.. $4 50: pigs and light lights. S4O 4.25. Cattle—Receipts. 400; oversupplv common to medium light steers demand narrow; scattered sales at week’s decline, *4.350 6, bulk unsold: cows steady; low cutters to common. $203.25. Calves —Receipts. 400: demand narrow; weak to unevenly lower; fairly good vealers, *8; few common to medium. *607.50: choice available around, *6.50. Sheep—Receipts, 1.500. steady; bulk lambs, *f downward; choice steady. $6.25; heavies, *B, light throwouts, *4®i.so, mostly.

BELIEVE IT or NOT

(j!Ar $| a ZERO magic square me. ‘iMT '' “ e-Bn-i.**.* 52 different ways To OISCARO H t>v sQrifjr&oisvtcLf Umv. ot NebrasKa Trousers Forev£R:-for Beating His vjife ftp. 1 _X- /w

In the Cotton Markets

(By Thomson & McKinnon) NEW YORK, Dec. 2.—Two points under to 5 points above last night’s prices is the story of cotton up to mid-day. Within this narrow range a considerable amount of cotton changed hands. The selling was concentrated, the buying authority was scattered. The tone was steady throughout. Outside influences were more favorable than otherwise, but traders have seen so much selling in the last hour recently they were timid about taking a long position. The general impression seems to be that the farm board is concentrating its interest in spot cotton and reducing its interest in contract markets. It is apparent that something has widened the difference between contracts and actual cotton. We are of the opinion that this difference will disappear to a large extent in the near future and the readjustment will have a tendency to increase values of the contracts offered by the various contract markets. CHICAGO —Dec. 2 High. Low. Close. January 6.19 6.15 6.15 March ) 6.35 6.28 6.31 Mav 6.53 6.46 6.47 July 6.66 6.64 6.64 October 6.90 NEW YORK January 6.07 6.01 6.07 March 6.25 6.17 6.22 May 6.41 6.36 6.41 July 1 6.60 6.53 6.59 October 6.85 6.80 6.83 December 6.01 5.95 5.99 NEW ORLEANS High. Low. Close. January 6.09 6.01 6.03 March 6.25 6.17 6.20 Mav 6.44 6.36 6.38 July 6.60 6.53 6.56 October 6.84 6.77 6.79 December 5.99 5.95 5.96

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 22c; henery quality No. 1. 25c ■ J4q 2 15c Poultry ’(buying prices)—Hens weighing 5 lbs. or over. 16c; under 5 lbs.. 15c; Leghorn hens. 12c; broilers, full feathered. 3% lbs. and up. 14c; bareback. 11c; Leghorn broilers. 12c: spring chickens. 4% lbs. and up. 14c: under. 13c; old cocks, 7@Bc; ducks, full feathered, 9c; geese, 6c. These prices are for No. 1 top aualitv quoted by Kingan & Cos. But er (wholesale) —No. 1. 30@31c: No. 2 28©29c. Butterfat—29c. Cheese (wholesale selling price per pound)—American loaf. 23%c; pimento loaf. 25%c; Wisconsin firsts, 19c; Longhorns. 19c; New York limberger. 30c. By United Press NEW YORK. Dec. 3.—Potatoes—Market, active; Long Island. 75c®*2.10 barrel: New Jersey. [email protected] basket: Southern. s4® 4.50 barrel; Idaho. *202.40 sack; Maine. *1.5001.90 barrel: Canada. *1.40® 1.50 barrel. Sweet potatoes—Market, dull; Jersey, baskets. 51.75: Southern baskets. 50®75c: Southern barrels. [email protected]. Flour —Market, weak: spring patents. *4.30® 4.60 barrel. Pork—Market, staadv: mess. *19.50 barrel. Lard—Market, auiet: middle west spot. .061®.062c lb. Tallow—Market, steady; special to extra. 3%®3%c Id. Dressed poultry—Market, auiet: turkeys. 22 0 33c; chickens. 17033 c: capons. 30040 c: fowls. 100 26c; broilers. 17®33cc: ducks. 13 020 c: Long Island ducks. 19c. Live -„u'ltrv—Market, firm; geese. 16®17c; duc„s. 130 25c: fowls. 17®25c: turkeys 30 ®3sc: roosters. 12013 c; chickens. 15@25c: broilers. 15®23c: capons. 20 0 28c. TRUCK COMPANY GETS $2,500,000 CONTRACT Cleveland Firm Will Build Tl 4 Cars for New Fork City. By United Press CLEVELAND, Dec. 3.—Three thousand workers of the White Motor Company went back to work at virtually full time basis today to execute a $2,500,000 contract for 774 heavy duty trucks received from the city of New York. The contract purported to be the largest ever placed with an auto firm at a single time, will be executed in its entirety within 120 days. Simultaneously, W. H. Gerhauser, president of the American Shipbuilding Company, announced receipt of a $1,000,000 contract which will give 1,000 men employment at the Lorain (O.) yards. The contract, signed by Boland & Cornelius, large Buffalo steamship operators, calls for the conversion of lake ore carriers into self-loaders. Chicago Stocks Opening ißy James T. Hamill & Cos.) —Dec. 3 Ass Tel Util... 16% Chicago Sec .. 5%i Bendix Avia... 18% Insull 6s 40... 48% Borg Warner .. 11% Lib McNeil Prod 5% Cora Corp .... 7% Seabrd Util .... 1% Cont Chi com. 2%!Middle West .. 9% Cont Chi pfd .. 22% Swift & Cos ... 22% Com Edison ..135%iU S Rad & Tel 10% In sail com .... 9%

On request, sent with stamped, addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

Following is the explanation of Ripley’s “Believe It Or Not” which appeared in Wednesday’s Times: Where You Travel Six Miles to Progress One—Because of the steep mountains in the Roldal Valley, Norway, highway engineers found it necessary to construct so many “switchbacks” to make an even grade that on the new road a traveler goes back and forth six miles to make one progress. This road is typical of* several highways which recently have been constructed in Norway and Sweden. In the United States we have a number of such roads in the Alleghanies, Rockies, and Sierra Nevades. The Bottle-Balancer —J. Emil Huttunen’s remarkable feat of equilibrium has been caught by the eye of the camera. It required eight years of constant practice before he mastered this balancing stunt. The story, accompanied by a photograph, was contributed by Mrs. Taylor Wood of Quincy, Massachusetts, a cousin of the performer. Friday—“ The Fish That Wore a Wristwatch.”

Bright Spots of Business

Bv United Press NEW YORK. Dec. 3.—A contract to furnish all-electric light and power in the Rockefeller “Radio City” proiect was awarded to the United Electric Light and Power Company. CLEVELAND—A *2,500.000 contract for 774 heavv duty trucks for the city of New York sent 3.000 workers of the White Motor Company back to work on a fulltime basis today. NEW YORK—The H. C. Bohac Company, Inc., large chain store operator, reported sales for the forty-three weeks ended Nov. 28 of 529.356.714, against *26.892,089 in the corresponding period of 1930, a gain of 9.1 ner cent. BOSTON —New England Public Service Company reported net income for the year ended Sept. 30 of *5.486,821. against *5,030,815 in the preceding fiscal year. In the Air Weather conditions at 9 a. m.: South wind, 6 miles an hour; temperature, 33; barometric pressure, 30.37; ceiling, high, broken clouds, smoky, unlimited; visibility, 6 miles; field, good. Births Bovs Elmer and Esther Meyerrose. 1115 Jefferson. Oliver and Adelaide Hammerle. 231 North Summitt. Harrv and Carrie Wiskman. 30% West St. Joseph. Ray and Grace Genge, 1648 Centennial. James and Dorothy Bracsen. 3116 East Twenty-second. William and Blonnie Dickerson. 1203 Gross. Marvin and Otha Skaggs. 2153 North Temnle. / Allen and Beatrice Chamion. 1720 North Rural. Brvan and Alice Smock. 210 Minkner. Asia and Francis Hamilton. 2445 Ethel. William and Cannie McGinnis, 934 West Vermont. William and Bertha Sweeney. 530 East Minnesota. Girls Emmett and Opaline Shiveliff. 1533 KapDPS. Roy and Hazel Ruddock. 324 East WalGraham and Francis Rives. 1421 North Al Frank a 'and Mary Goins. 211 South Detroit. Deaths Carrie Dupee. 71, 709 Favette. acute cardiac dilatation. Nellie Archer. 47. 2037 Cornell, acute parencvmatous nephritis. Thornton T. Baker. 67 1921 North New Jersey, chronic myocarditis. New York Liberty Bonds —Dec. 2 3i/, s 99.29 Ist 4% S* ... .. ... . . 100 1 Treasury 4%s J 04.20 Treasury 4s Treasury 3%s g’-ii sags 3% s s°of '’43 (March)::::::: •*. Other Livestock By United Press PITTSBURGH. Dec. 3.—Hogs— Receipts 2.300: market slow, mostly .steady . 150-23° lbs.. (4.75© 5 : 240-300 lbs. ; 54.4004.00. 120140 lbs.. *4.2504.50; pigs *4©420; packing saws, *3.50 0 3.90. Cattle— Receipts. 75. market about steady: low cutter to medium cows, *1.50 0 3.75; grass heifers, *405.75 Calves—Receipts. 50; market, steady; good and choice vealers, S809: medium grades. *5.5007.50. Sheep—Receipts 800: market, steady; good to choice lamb*. 55.7506.25. medium grade around. *5; common throwouts. *3.50© 4.50. By United Press TOLEDO. Dec. 3—Hogs—Receipts,, 700: market steady to 15c lower; heavies; *4O 4 10: mediums. *4.1004.25: yorkers, *4 25 04.40; pigs. *4.15®4.25. Cattle—Receipts. 300: market, steady Calves—Receipts, light; market, -trong; top. S9. SheepReceipts, light; market, steady.

I-C V Registered C 8 U 1 Patent Office RIPLEY

Dow-Jones Summary

New England Public Service in Sept. 30 quarter profit amounted to *1,280,917 after taxes and charges, but before depreciation. against *1.239.238 in September. 1930. quarter; twelve months *5,486,821, against *5.030,815. New York cables opened in London at 3.32%, against 3.39%; Paris checks. 85.00; Amsterdam. 8.25; Italy. 64.75, and Berlin, 14.00. Pennsylvania system ear loadings In week ended Nov. 28 amounted to 88,222 —.rs, against 101,047 in previous week and 106,449 in like 1930 week; from Jan. 1 to Nov. 28, loadings 5,511,553. against -6,774,343 in like 1930 period. Foundation Company of Canada declared the regular quarterly dividend of 25 cents, payable Feb. 25. of record Jan. 30. Borden Company reduces milk prices 2 cents a quart for home delivery. Chase National bank declared the r xular quarterly dividend of *l. Illinois Power and Light Corporatioi and subsidiaries for twelve months ended Oct. 31, 1931, reports net profit of *6,028,297 after depreciation, interest, | taxes and subsidiaries preferred dividends, equivalent to $12.47 a share on 443.500 combined shares of par $6 preferred and 40,000 shares par *IOO 6 per cent preferred stocks outstanding; this compares with *6,825,108, or *14.63 on 466.500 combined preferred shares in previous twelve months. Hygrade Sylvania Corporation declared an extra dividend of *1 on common and regular quarterly dividend of 50 cents on common stock, payable Jan. 2. of record Dec. 10. Automobile production in United States and Canada during November totaled 65,562 cars and trucks, a decrease of 20 per cent from 81,582 in October and of 54 per cent from in November, 1930; output in first eleven months of 1931 totaled 2,343,834, a decrease of 30 per cent from 3,318,855 in like 1930 period of last year. Pennsylvania Railroad Company reports for quarter ended Sept. 30, net profit of *6.117,080 after taxes and charges, against *21,295,192 in third quarter of 1930.

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, Dec. 2.—Railroad developments monopolized much of the news today and influenced rather erratic market action. While not wholly unexpected, the overnight announcement of the Wabash receivership was somewhat of a shock, as reflected in the sharp decline of railroad stocks and bonds immediately at the opening. The market momentarily forgot this unpleasant affair when it was learned that the Canadian board of conciliation recommended a 10 per cent wage reduction on the Canadian railroads. Foreshadowing as many think, voluntary acceptance of a similar reduction by the United States Brotherhoods, a vigerous demand for railroad stocks and bonds ensued, but was not lasting. The deferment of preferred dividend payments by a western railroad, although more or less anticipated, contributed to the return of pessimism. Judging by the several reverse movements of stocks, professional activity largely dominated the market. Attempting to follow the conflicting news items of trade, industry and finance, the market reflected a confused opinion. Keeping our eyes entirely fixed upon the surface developments can result in little else than confusion. But we can assume that much of the unfavorable news the market has anticipated. Common sense tells us present conditions can not endure. In every depression are sown the seeds of remedy. These remedies, in due time, restore prosperity. Meanwhile, let us not be too readily Influenced by the prevailing influence of pessimism for fear we lose our longer range perspective.

Local Wagon Wheat

Citv train elevators are caving 41c or No. 2 red wheat and 47c for No. 2 hard wheat. RAW SUGAR PRICES —Dec. 2 High. Low. Close. January 1.11 1.10 110 March 1.12 1.09 109 Mav 1.17 1.14 1.15 JulV 1 22 1.20 1.20 September 1.2? 126 1.28 December I.P 1.10 1.11

PAGE 13

GRAIN OPTIONS HOLO FIRM IN DUIISESSION Wheat Futures Nervous on Uncertainty in Stock Market. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Dec. 3.—Scattered buying at the opening found little pressure on wheat on the Board of Trade today and there was a minor fractional rise. Liverpool was unsettled but relatively firm on the wet weather in the Argentine and this had some efffect. Corn was easy on fair selling but support was poor. Oats were dull but steady. At the opening wheat was unchanged to cent higher; com was % to >6 cent lower, and oats unchanged to % cent higher. Provisions were steady. Liverpool was unchanged to % pence lower at mid-afternoon. The uncertainty as to the action in the stock market and the erratic movement in sterling exchange have placed wheat in a very nervous state. Periods of weakness and strength follow each other with bewildering rapidity and leave the trade entirely at sea. The action in corn continues secondary to wheat. There has been some liquidation by longs in anticipation of a large movement from the country, but it has not materialized, despite highly favorable weather. The demand for cash corn remains good with heavy shipments being made to Wisconsin and Minnesota. Intimation of foreign inquiries for oats at the seaboard have had no effect on the market, the trade being content to follow the trend in the other pits for the present. ■ Chicago Grain Range —Dec. 3 WHEAT— Prev. High. Low. 11:00. close. Mar 55% .55% .55% .55% Mav “7 57% .56% .57% .57% Julv 57% .56% .56% .56% CORN— Mar 40% .39% .39% .40% Mav 42 .41% .41 % .42% July 43% .43% .43% .44% OATS— Mav 26% 26% .26% .26% Julv 26 .25% .25% .26% RYE— Mar 46% May 47% .46% .46% .47% LARD— Jan 5.87 5.87 May 6.12 6.12 By Times Special CHICAGO. Dec. 3.—Carlots: Wheat 5; corn. 127; oats. 10: rve. 1. and barley, 3. By Times Special CHICAGO, Dec. 2.—Primary receipts: Wheat 695,000. against 440.000; corn 411 - 000, agatnst 769.000: oats 116,000 against 186.000 Shipments: Wheat 689,000, against 1.122,000: corn 116.000, against 579 000: oats 209,000 against 322,000. By United Press rS HI , CA x9° .. Dec ~2 —Cash Brain close: Wheat—No. 2 northern, 60c. Corn (new) —No-.3 mixed, 39% 040 c; No. 4 mixed. 36''? ©J 8 '?*;: No. 2 yellow. 40%®41c; No. 3 yellow, 39®40c; No. 4 yellow. 36%©38%c; No- 2 white. 42c; No. 3 white. 40®40%c (old) No. 2 yellow. 41%®42c; No. 4 vello*>. 9l ts_ No. 2 white. 26c; No. 3 *&ite, R ve—None. Barley—4o 058 c. Timothy—*[email protected]. Clover—*l47t 10.00. By United Press TOLEDO. Dec. 2—Cash grain close - Elevator prices: Wheat—No. 2 red. 61%0 „ C(r , n —-No. 2 yellow. 42®43c. Oats -No 2 white. 29%©50%c: old oats, premium 30,4 c Rye—No. 2. 53c. Grain on tracks. 28%c rate. 057 c: No. 1 red lc premium. Corn—No. 2 yellow. 36%©37%c: No. 3 yellow. 34%® 36 /\- Oats—No. 2 white. 26%7* 28c; No. 3 white, 25027 c: old oats, premium 3©4 cents. Clover—Prime. $9: December, *9.25; Februan'. *9.50: March. *9.50. Alsvke Cash $8 50; December. $8.75; February. NTarchi. *9.10. Butter—Fancy crearhery. 32033 c. Eggs—Current prices, 28© 32c. Hay—Timothy, per cwt, *l. **

Investment Trust Shares

(Bv Gibson & Bernard) PRICES ARE TO 12 NOON C. S..T. —Dec, 3 . Bid. Ask. Am Pounders Corn com 1 114 Am & Gen Sec A 5 Am Inv Tr shares jia ' 3 Basic Industry shares 2'A Collateral Trustee shares A... 4<4 5<A Cumulative Trust shares 3=4 4 Diversified Trustee shares A... 8 ... Fixed Trust Oil shares 2*4 ... Fixed Trust shares A 74J ... Fundamental Trust shares A.. 4 444 Fundamental Trust shares 8.. 4*4 4 5 / Leaders of Industry A 4 ... Low Priced shares 3’4 444 Nation Wide Securities 345 4 National! Industries shares... 2 5 344 Selected American shares 2 5 344 Selected Cumulative shares.. 6 5 ,4 744 Selected Income shares 3*i I*4 Shawmut Bank Inv Trust.... 244 4 Std Am Trust shares 344 4 Super Corn of Am Tr shares 3'i 374 Trustee Std Oil A 444 ... Trustee Std Oil B 4 444 Unified Service Trust shares A 244 3 IT s Elec Lieht & Power A 19 21 Universal Trust shares 3 344

Clearings

INDIANAPOLIS STATEMENT —Dec. 3 Clearings $3,044,000.00 Debits 5.819.000.00 CHICAGO STATEMENT —Dec. 3 Clearings $50,400,000.00 Balances 3,600.000.00 TREASURY STATEMENT —Dec. 3 Net balance for Dec. 1 $149,590,37gRb Expenditures 3.180.495.38 Customs rects. mo. to date.. 1.026,795.47

New York Bank Stocks

(By Thomson & McKinnon) —Dec. 2 Bid. Ask. Bankers 67% 69% Brooklyn Trust 230 240 Central Hanover 154 158 Chase National 39% 41% Chatham Phoenix Natl.... 22’/2 24% Chemical 33% 35% Citv National 48% 50% Corn Exchange 76 79 Commercial 157 186 Continental 17% 19% Empire 2S'/2 27Vi First National 2,270 2.370 Guaranty 290 300 Irving 20 21 Manhattan & Cos 37% 39% Manufacturers 37% 39% New York Trust 94% 97% Public 21 23

THE TIMES Want Ad Headquarters Transient Rates Minimum spaced want ad accepted two llnes. Charge Cash Number Insertions Per Line Per Line One Time 20 .19 3 consecutive times 16 .15 6 consecutive times 13 .12 • Rooms, Etc. Charge Based on Two Lines. „ .. Charge Cash 2 lines, one time 37 .35 2 lines. 3 times 78 .72 2 lines. 6 times X.IJ 1.00 Discounts Ads may be phoned In and charged If the advertiser is listed in the phone directory or is Identified and accepted by the credit department. A DISCOUNT of ONE CENT FOR EACH LINE Is given to transient advertisers paving their bill within ONE WEEK aftebilling Advertisers are asked to take advantage of this discount. Deaths, Lost and Pound, Etc. Death Notices. Cards of Thanks, In Memoriams Lodge and Church Notices. Lost and Found ads are charged at a rate of 10 cei:ts per line. Situation Wanted. 2 Cents per Word. Minimum 12 Words. Want ads may be phoned In as late as 11:18 A. M. for publication in the 2:00 P. M. Home Edition on the same day. Phone Service t A. M. to 9 P. M. Daily. Phone: RILEY 5551