Indianapolis Times, Volume 43, Number 187, Indianapolis, Marion County, 15 December 1931 — Page 12

PAGE 12

SALES WEAKEN ALL SECTIONS OF STOCK LIST Steady Pressure Continues as Traders Liquidate Holdings. Average Stock Prices Average of thirty Industrials for Monday L7l. Average of twenty rails 43® <• ofl .98. Average or twenty utilities 3T.5 off 68. Average of forty bonds 76.24. Off .79. BY ELMER €. WALZER United Press Financial Editor NEW YORK, Dec. 15.—Trading in stocks dwindled to a small volume In the late morning trading on the Stock Exchange with tickers barely moving. The steady, relentless liquidation interrupted ior a brief period in the initial dealings, was resumed and United States Steel again led the list into new lows for the bear market. Steel common sold at 40 %, off I t, and anew low since 1915, while the preferred sold at 95 for the first time in twenty-three years. Losses were in the majority throughout the list, although they were relatively small. Railroad shares resumed their decline with new lows being made by Atchison, Pennsylvania, Illinois Central and Northern Pacific. Leading industrials slid back with United States Steel. Utilities sold off fractions to a point. Bond Market Reacts Crucible Steel issues ran counter to the trend, the common rising 3 ;* points to 26 and the preferred 3T to 50. A small gain was made by Auburn Auto, and Du Pont also held a slight advance. The bond market reacted, losses ranging to 6 points. Japanese issues were steadier, aided by a rally in the yen. But other foreign loans were driven down, including German sevens, which lost more than a point. Domestic railroad and industrial issues were forced to new lows. Nickel Plate*6 per cent bonds due in 1932 sold at 14 Vi for the first time, oil 4 points front the previous close. At 14'/ 2 the issue yielded 630 per cent. Forecast Is Revised Wall Street today took a more hopeful attitude on the railroad wage controversy. After expressing belief the meeting of executives and workers’ committees would not be held before early 1932, the predictions were revised and some expected negotiations to get under way late this week. Meeting of the association of western railway executives was called for 12:30 today at Chicago to appoint a committee to confer with labor. Eastern executives chose their committee Monday. Southeastern executives will meet either today or Wednesday to form their committee. It was anticipated the three executives’ committees would combine.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec 14— Clearings .$2.313.n00.n0 Debits 5,864,000.00 TREASURY STATEMENT —Dec. 15— Net Balance for Dec. 12 $53,803,801.03 Expenditures 5,327,062.94 Customs rects. month to date. 11,490,041.60 New York Curb Market (Bv Thomson & McKinnon) Dec. 15— 11:00 Ind Terr (A).. 5 5 d! Alum Cos of Am 501 2 Int Pete 8 Am Cvnamid .. 2 3 * Midwest Ut .... 6 1 * Am Cias & El.. 34■> Mo Kan Pipe... IV* Am Lt & Trac 21 Mt Prod 2** Am Sup Pwr... 3'/* Nat Aviation .. 2Vi Ark Gas (A► .. 21* Nla Hud Pwr.. 5 5 * A.sso Gas & El. 4 Niles 7 :, 4 Braz Pwr & Lt B%|Penroad 2V* Can Marc .... 1 |St Regis Paper 2 r ' Cities Serv .... 5 !Salt Creek .... 3‘i Cons Gas of B. Cord 6 5 ! Shenandoah .... l r, n Flee Bond & Sh 9', So Penn Oil .. 11 7 b Gen Aviation.. 2VStd of Ind .... IS 7 * Ford of Eng.... 4\!Trans Air Trans 2 3 i Fox Thea VilUn Gas (Ai ... I s * Goldman Sachs 2 |Un Lt A Pwr.. 6 1 /* Gulf Oil 26 !Ut A; Indus 2 Humble Oil . 46VUt Pwr ißi .... 2 Imp Oil of Can 7%!Unlted Fndrs... 13/*I 3 /* Investment Trust Shares (By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Dec. 15Bid. Ask. Am. Founders Corp com 7 /* 1 Am & Gen Sec A 5 ... Am Inv Tr Shares 2'; 2'/* Basic Industry Shares 2U ... Collateral Trustee Shares A. 3 7 4Vi Cumulative Trust Shares 3 3 31* Diversified Trustee Shares A 6 7 „ ... Fixed Trust Oil Shares 2 3 ... Fi.ted Trust Shares A 7 Fundamental Trust Shares A 3'i 3 7 8 Fundamental Trust Shares B 3 7 n 4',4 Leaders of Industry A 3 3 8 ... Low Priced Shares 2 3 , 3Vi Nation Wide Securities 3 3’i Selected American Shares .... 2 3 * 2 7 n Selected Cumulative Shares ... 5 7 * 6 3 a Selected Income Shares 3V 3 5 a Shawmut Bank Inv. Trust ... 2 4 Std Am Trust Shares 3<A 3% Super Corp of Am Tr Shares 3' a 3VTrustee Std Oil A 3** ... Trustee Std Oil B 3' a 4 Unified Service Tr Shares A 3 3 * 2-Vi U S Elec Light & Power A.... 16 3 4 18 3 , Universal Trust Shares 2*4 3V New York Bank Stocks (Bv Thomson A- McKinnon 1 —Dec. 14— _ . Bid. Ask. Bankers 49 ’ 51-. Brooklyn Trust- 175 IBs Central Hanover 113 H 7 Chase National 27 23 Chatham Phoenix Natl ... 19Vi 21'. Chemical 26 28 Citv National 38Vi 4u'i Corn Exchange 62 65 Commercial 150 158 Continental 15t; 17Empire 19 vi j] t. First National 1.940 2 040 Guaranty 250 255 Irving 16 17 Manhattan & Cos. 29 31 Manufacturers 30 >4 331. New York Trust 76 79 Public 20 22 Net Changes By United Press NEW YORK. Dec. 14.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follows: Oft. >Jp. Allied Chemical 67 s * V* ... American Can 61 3 ... s * American Smelting 18 7 * '* ... American Telephone 121 s * 2‘* Auburn 119 ... 4Vi Bethlehem Steel 20 5 I Case 37 s * Vi ... Consolidated Gas 61 s * 1 ... Du Pont 52*4 Electric Power 10 >i General Electric 24** General Motors 22 s * ... 2'* Homestate Mining 135 ... 3v* Internationa! Telephone ... 8 S ... '* Loew's Inc 26 L 1 Montgomery Wprd 7 > ... National Biscuit 38 '* ... N Y Central 27 s . ‘4 ... North American 30’j * .. Pennsylvania Railroad 18V< I'* Public Service N J 5m 3*i ... Radio 5' 4 . . '4 Sears Roebuck 32 5 , 1H Standard Gas 27 s * It. Stand Oil Cal 26 H ... Stand Oil N J 29 s i United Gas Improvement... 16 2% ... U S Steel 41 7 * 2 l ... Wtinhouse El 26Vj I'* ... Wcwlworth 40 IV* ...

New, York Stocks ' ißv Thomson & McKinnon 1

„ „ , —Dec. 15Rallroad*— Atchison 84*% 82% 83 84V* i All Coast Line.. 30 Balt it 0hi0.... 17 18% 16Vi 17 Cheaa & 0hi0... 26*4 25% 25% 2e j Chesa Coro 15 14V 14 s * 141* i Chi Ort West 2’. 2V Chi N West.... 6% 6 61* 6V< ! CRI&P 9% 9 j | Del L At W 20}* 20V. I Del St Hudson 70'-. 71>* Erie 6 6 Erie Ist old 8 , ! Great Northern.. 18% 17 18'a 18% : Illinois Centitl 9% 9; Kan Cltv So 7% 7% | Lou & Nash 22 211* I Mtnn 8 L | M K St T 4% 4’. Mo Pacific ... 7 6 s * 6 s * O' g Mo Pacific old.. 13*. 13V 13}. *4 N Y Central... 28V* 27V2 28V 27}, Nickel Plate ... - N Y N H Ac H 18 17% 18 18 . Nor Pacfic 16V* 16V. 16'A }®% Norfolk Ac West 114 115' O fy, \V . .. ... 0 8 Pennsylvania .. 18% 18 18V 18 1 Reading . 31 . Seaboard Air L.. .. ... , ••• j* So Pacific 30V. 29*. 30 30 . Southern Rv... 7V 6V 6\ 7 St Paul ... ••• J’ 4 St Paul ofd 32% 3 -V St L & S F.... . ... -J Union Pacific ... 75 74 74 75 Wabash 1% s * W Maryland if'* West Pacific ..... ... 2 2 Equipment*— _ Am Car Ac ® Am Locomotive.. .. ... ® 0 A m Steel Fd 5Vs 2 5 ( * Am Air Braxe 8 15 14Vs 14, 2 15 Gen Am Tank.. .. ... 30 31 General Elec ... 24 s . 23 s * 24V. 24, Gen Rv Signal. . ... 21* 21V Lima Loco 15 14' a 14Va 14:. N Y Air Brake " Press Stl Car... .. . • •••.. * Pullman 16% 16'/* 18/a 16 . Westingh Ar 8.. .. ••• As, Westlnah Elec .. 27V 28V. 27 26'.. Rubbers—— Firestone ~ Goodrich 4V * .5, Goodyear 16 15 a I®. 1-? 1 WiSSS?..-.::: ::: Sc IdSiffT.... •* ij’ *!JS 'll,, ! Chrysler 12‘/a 12 * 12* 12 1 : Graham Paige.. - ,“ 3 ‘ General Motors.. 22 * 22 , 22 * 22 . | Hudson s ? 1 EE '".*.7.7.7.* iiv. n u 1?;= Kr".h • 'it*. ... Packard 2, -fir Studebaker .... 11 "s U *■ Yellow Truck J 0 Motor Access— ~3 / Bendlx Aviation 16V* 15/a 15 . *5 '* Bore Warner ••• f'* Budd Wheel 3% i',' 314 2,' Campbell Wy .. .. ••c v A 2 El Storage 8... 25‘/s 25 25 25 Hayes Body A /8 A, 4 Motor Wheel ... 5V 5% s}/ 0/h Sparks W 2V. 2Vs 2% -* Stewart Warner. .. • ••. * .“ v Timken Roll 18'/a 18V| 18/* 18 4 Minim; — - . Am Metals ** . ••• iqv 18 7 /. Am Smelt 18% 18 18* 18,. Anaconda Cop 9% 9% 9/a 10 Cal Ac Hecla ... 3Vi 3 1 /* 3 4 3V Cerro de Pasco.. II 5 /. 11 H A Freeport Texas.. 14% 14% 14/* ... Granby Corp ... 5Vi 5 1 /* 5V sh. Gt Nor Ore .. ••• 10 \°' 2 Howe Sound ... 12 11/s 12 11-s int Nickel 7% 7 7Vi 7>/* Kennecott Cop., io'/g 9% 9/. 9,. Magma Cop 4 / Miami Copper * * '* ?exas C Gul Sui.V. 21% *20% 20% 21% U S Smelt 13 /2 Amerada • 1 I g' /2 Atl Refining ... 9Vi 9% 0% Barnsdall 5 4% 4% 5 Beacon "iy. Houston Indian Refining Mex f, 1 ?/* Mid Conti ,?F 8 s Pan-Amer 2 U 2 Phillips Pr Oil Ac Gas.. .. Pure Oil 4Vi 4% 4% 4 Roval Dutch... .. ••• i’i,, B Shel Un 3Vi 3% S 3* I!Sr p !.'4% "4% & 4% Standard' of Cal' 25V 25% 25% ioc n vac ° f . ■ Vi 1% so ‘ Union OH i2% 12% 12 Vi Am tC RoiT Mills.. 8% 8% 8% 2 0% Bvers el A m M/.'.*.'.‘ 12% Colo Fuel no i* *22% Ludlum 5% 5V* 5* 3Midland 10 9 '• y 8 ;;; Newton .• * "*l/ * *l4 4' 4V* uTsteel .. .*.■. 42% 40% 40% 41% Vanadium ...... 12 11% H% Youngst S Ac W , g Youngst S Ac 15 Tobaccos— 4 Am Sumatra.... g7 i/ A Tob A (new! .. ••• A Tob B (new) 70Va 69, 69 * 6. Con Cigars 20 '• 29 General Ctixar.. i/ 4? ,/ a 43Vi Lig Ac Myers 8.. 44% 43% 43 a ? Lorlllard . .... ? I* 3 Reynolds Tob... 34Vi 34 34 34 McKeesport Tim 48 471a 41,2 Tob Pr A a,, 2 ,/ Utilities — - 2V 2 Abitlbl •„ J,/ in, TTTr &u :::.m 2 A 120% 1 | Col Gas Ac E 1... 14% 14 14 IOLi-.:::l O Li - .::: U i 5 10% mi *•% •*% 4 ,?r? ! Natl Pwr Ac Li.. 11% 11% 11% %,;? No Amer Cos ... 31 Vi 30 30/s 30 2 Pac Gas Ac El 31% 3} ; Pub Ser N J ... 52 50V4 50V* 51 Vs So Cal Edison .. 30H 29% 29 i 30 Std GAc El .... 27% 27 27 27% United Corp .... 8% BV* 8% 8 a lit Pwr Ac L A.. 8% 8% 8% 8 a West Union 46% 45 46 44 a Stalpninsr— v Am Inti Corp .. .. ... 5% 5% N Y Ship 3% 3% 3% 3 * Atl Gulf At WI .. •••,. •••., } 3 . United Fruit ... 18 17% 17% 18% Am 3 L 8 Armour A 4 Beechnut Pkg Csl Pkg „ ••• 8% Can Drv 14% 14 14 14% Childs Cos ■■■ . ® Coca Cola • • • 167 Cont Baking A.. .. ... •• ■ Corn Prod 38% 38 38 38 a Cudahy Pkg 32 32 Cuban Am Sug.. .. ••• ••• . -1.7 Gen Foods 29% 29% 29% 29% Grand Union 7% 7% Hershev .......... ... ... 43 Kroger 13'* j2’/2 12 1 * 13 Nat Biscuit 37% •87 1 /s 37% 38 Purltv Bak 12% 12 Pillsbury 20% 20% 20% 20% Safeway St 41 7 a 41% 41% 42 Std Brands 11% 11 H HV Coty Inc 3% 3% 3% 3% Lambert Cos .... 47% 47 47 47 Lehn Ac Fink 19% 19% Industrials— ... Am Radiator ... 5% 5% 5% 8% ; Bush Term 16 16 ICertainteed 2% I Gen Asphalt ... 10% 10% • __ Cash Grain —Dec. 14— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 Vic New York rate, were: Wheat —Steadv: No. 1 red. 48(??49c; No. 2 red. 47<(i'48c: No. 2 hard. 4748 c. Corn—Steady; No. 3 white. 28cri29c; No. 4 white. 27ru26c: No. 3 yellow. 26%tf27%c; No. 4 yellow. 25%<f?26%c: No. S mixed, 25%4V26' _'C: No. 4 mixed. 24%738%c. Oats—Steady: No. 2 white. 31%@22%C; No. 3 white, 50%4t21%c. | Hav—Steady: iF. 0. b. country points 1 taking 23%c or less rates to Cincinnati 'or Louisville.) No. 1 timothy, [email protected]; I No. 2 timothy. *6’.7 6.50. —lnspections Wheat—No. 2 red, 2 cars; No. 3 red, 2 cars. Total. 4 cars. Corn (new!—No. 2 white, 2 cars; No. 4 white. 5 cars; No. 6 white. 1 car: No. 3 yellow, 12 cars; No. 4 yellow, 15 cars; No. 2, mixed. 1 car; No. 4 mixed, 3 cars. Total, 39 cars. Oats—No. 1 white, 1 car; No. 2 white, 2 cars: No. 3 white. 7 cars; No. 4 white, 13 cars; No. 4 mixed, 8 cars. Total, 2f cars. 11;/ Timm Special CHICAGO. Dec. 14.—Primary receipts. Wheat. 1.173.000. against 1,174.000; corn. 539.000, against 1.915,000: oats. 237.000. against 555,000. Shipments: Wheat. 488.000. against 402.000: corn. 159.000. against 512.000; oats, 106.000, against 229,000. Ay T’nitrd Press CHICAGO, Dec. 14.—Cash grain close: Wheat—No. 3 red. 555V55%c: No. 1 hard, 55%c: No. 3 hard, 54%4i54%c; No. 2 mixed. 55c; No. 3 mixed. 54%c. Corn— No. 3 mixed. 33V36c; No. 4 mixed. $34%/ii 35%c: No. 5 mixed, 34%c: No. 2 yellow. 36%c: No. 3 yellow. 33@36%c; No. 4 yellow. 32%<??35%c: No. 5 vellow, 33%c; 'No. 2 yellow old. 38%c: No. 3 yellow old. 38c; No. 3 white, 36ifi36%c: No. 4 white. 33%4? 35'ic; No. 6 white, 32%c. Oats—No. 3 white. 23®24%c. Rve—None. Bariev—--424V59c. Timothy—s4@4 25. Clover—--513.50616. Marriage Licenses Arthur Craven. 57. banker. 28 East Sixteenth street, and Bernice Thompson, 35, 2210 West Washington street. Jesse Dossey. 26 Cole Motor Car Company. 573 Highland avenue, and Mary Turner. 16 573 Highland avenue. Robert Van Nester, 22. glass worker. Red Kev. Ind.. and Edna Barker. 18. 1959 Hillside avenue. Jesse Testerman. 21. coal miner. Panther, W. Va.. and Mary Trueblood, 18. Lawrence, Ind Thomas Hemby, 24. plater. 432 West New York street, and Sally McCord. 34, laundry work, 8611 North New Jersey street.

Lehigh Port 8 Otis Elev 17 16% 16% 17% Indus Chems— Allied Chem 68% 67% 67 s * 67% Oom Bolv 7% 6% 7 7% Union Carb 28 s * 27% 28% 29 U S Ind Alco 25Vz 24 s * 25 25% Retail Store*— Assoc Drv Gds 7 7 Glmbel 8r05.... 2V4 2 2 2 Kresge S 8 17 16% 16% 17 May D Store 17 17 Mont Ward 7% 7 7 7V* Pennv J C .... 28% 28 28 23% Schulte Ret St 4 4% Sears Roe 32% 32% 32% 32\ Woolworth .... 40 s * 39!* 4040 Amusement*— Bruns Baike 2% 2% Coi Graph 2% 2 s * 2% 2 s * Crosiey Radio 2% Eastman Kod... 81% 81% 81% 81 % Fox Film <AI 3% 33 3 Grigsby Grunow 1% 1 1 1 Loews Inc 26 s , 25 s ; 26% 26% Param Fam 7 6 s , 6% 7% Radio Corp 5% 5% 5% 5V* R K O IV IV, IV. IV* Warner Bros 2% 2 s * 2% 2V* MiscellaneousCity Ice it Fu 23 Congoleum B*4 9 Amer Can 62 60% 61V4 61% Cont Can 32V 32 32 32% Curtiss Wr IV 1% Gillette 5R.... 11 10% 11 11 Real Silk 2V 2% Un Aircraft 11% 11% 11% 11% Int Harv 24 23% 23 s * 24 J I Case 38% 37% 38 39% Chicago Stocks Opening (By James T. Hamill St Cos.) Dec. 15— Asso Tel Util. is%Tnßull pfd .... 24 Bendlx Avia ... 16 Insull %s ’40., 39% Borg Warner .. 10'i Mo Kan Pipe L 2% Cent Pub Ser A 1% Middle West .. 6V Cord Corp 6% Pft Circle 26 s * Cont Chi com.. 2 Natl Sec com... 1% Cont Chi pfd.. 16%iSbd Utilities .. IV Com Edison ...127 Swift A; Cos ... 18V* Chi Sec 4 V Swift Inti 21 Grigsby Grunow 1 :U S Rad Ac Tel 9% Gt Lks Arcft... l%|Ut Ac Indus com 2 Houd Hersh A. II 7 /* Ut Ac Indus pfd BV* Elec Household 5 Walgreen Strs.. 11V* Insull com ... 7Vi I New York Liberty Bonds —Dec. 14— 3%s 98.9 Ist 4%s 100.2 4th 4Us 100.13 Treasury 4%s 101.25 Treasury 4s 99.26 Treasury 3%s 97.2 Treasury 3Vs of '47 94.10 Treasury 3%s of ‘43 94.12

The City in Brief

WEDNESDAY EVENTS Kiwanis Club, luncheon, Claypool. Purdue Alumni Association, luncheon, Sevcrin. Mutual Insurance Association, luncheon, Columbia Club. Lions Club, luncheon, Lincoln. Theta Sigma Phi, luncheon, Ayres tearoom. Pi Omicron, luncheon, Washington. Home Show Committee, luncheon, Washington. Apartment Owners’ Association, luncheon, Washington. American Le- ion Auxiliary, 8 p. m., Spink-Arms. Shortridge High School Stamp Club was told Monday how to arrange stamps in an album by Dr. Arthur C. Dennison of the Indiana Stamp Club. C. C. Shoemaker of the English faculty sponsors the school club. A. W. C. Brumfield, charter member of the Indiana Stamp Club, will be the principal speaker at the club meeting Friday night at the Lockerbie. Report will be made at the meeting by the nominating committee. Annual election of the club will be held Jan. 8, instead of Jan. 1, it was announced by Marion F. Clarke, secretary, Roy H. Cooper, national rehabilitation officer of Disabled American Veterans of the World War, will discuss work being carried on toward adjustment of disabled veterans’ claims at a meeting of Dr. Worthington chapter, No. 3, tonight at 8 in the chapter’s new hall, 108 North Delaware street. Initiation of new members will precede the talk. Clothing and food for the relief of fourteen needy families in the Little Flower parish are being collected by members of the church at Fourteenth street and Bosart avenue. The relief work is being sponsored by the men’s club of the church.

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis, 22c; henery quality No. 1, 25c; No. 2,15 c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 14c: under 5 lbs.. 13c; Leghorn hens, 10c; broilers, full feathered, 3*/a lbs. and up, 13c; barbeback, 11c; Leghorn broilers, 10c; spring chickens, 4*/2 lbs. and up. 13c: under. 12c; old cocks. 7c: ducks, full feathered. 9c; geese, 6c. These prices are for No. 1 top quality quoted by Kingan & Cos. .Butter ( wholesale)—No. 1 29@30c; No. 2, 27<u.28c. Butterfat—26c. Cheese (wholesale selling price per pound!—American loaf, 23 J / 4 c; pimento loaf. 25 3 /ic; Wisconsin firsts, 19c; Longhorns, 19c; New York liberger, 30c. By United Press CINCINNATI, 0., Dec. 15.—ButterSteady; creamery in tub lots according to score. 23<§,27c; common score discounted, 2@3c; packing stock. No. 1,20 c; No. 2, 15c; No. 3, 8(g) 10c; butter fat, 24@26c. Eggs —Firm; cases included; extra firsts, 27c; firsts, 24c; seconds, 20c; nearby ungraded. 25c. Live Poultry—Thin and coarse stock sells only at heavy discount; fowls 5 lbs. and over. 16c; 4 lbs. and over, 13c; 3 lbs. and over 12c; Leghorns 3 lbs. and over, lie: roosters. 10c; broilers colored 1 lb and over, 10c; 2 lbs. and over, 18c; fryers 3 lbs. and over. 16c partly feathered, 10c; Leghorn broilers 1 lb. and over. 16c; vA lbs. and over. 16c; 2 lbs. and over. 120Leghorn stags. 12c black springers, 10c; roasting chickens. 4 lbs. and over, 17cducks under 3 lbs. sell at liberal con-’ cesisons; ducks white 4 lbs. and over 13cunder 4 lbs., 10c colored 4 lbs. and’over’ er 4 i bs - I°°: capons, 8 lbs. and over. 25c; under 8 lbs., 17c; slips, 15c; spring guineas l'/a lbs. and over 15c- 2 lbs and over. 20c; guineas old. 10c; turkevs No. 1 hens 8 ibs. and over, 24c; youri Tom, N oi 1 ’ 10 lbS- and oVer - 24c: No - 1 Old voung Toms 15 lbs., 23ccrooked breasted. 15c; No. 2. 15c: heri h rkf \ vs ,. und " J ] bs. and Toms under 10 lbs. sell at liberal concessions. By United Press NEW YORK. Dec. 15.—Potatoes—Market a i rlV Tj St £ adv: Island. 75c(fr $2.15 barcel: Idaho, $2®2.40 sack: Bermuda ssr,; in *1.5051,90 barrel; Cana- {??• *L4o(ffl 50 barrel. Sweet Dotatoes— Market, weak: Jersey baskets. $1.75: Southo?e a 35®60c: Southern barrels. $1 V 2 5: . Flour—Market. dull- snrine 2* r n l S -o* 4 n SO rrel. Pork-Market miliaiP iess 'i. ® lß —Market, steady; middle west spot, .059®.060c lb. Tallow— Market, quiet: special to extra. 3V4®3%c i.,>J? resse A Poultry—Market. dull; turkevs. 21®35c; chickens. 14(ff33c: fowls. 10®23c-“coileu-s. 18® 28c: capons. 20@38c; ducks. 13.0 20c, Long Island ducks. 19c. Live poultry—Market. dull: eeese. 10®TBcduoks. 10(!j 22c; fowls. 10®20c; turkevs. 20 w2Bc; roosters. 11c; chickens. 127718cbroilers .13®24c; capons. 25®28c. Cheese “-Markets, dull: state whole milk ’’anev 13V 2 (ft 18c: younj? America. IAV 2 O'lsc. By United Press CHICAGO. Dec. 15.—Eggs—Market, tjn*ettled: receipts. 3.766 caseu: extra firsts. •t?— 2sc: flrsts - 23' 2 c: current receipts. 20 ®22c: seconds. 13® 15c. Butter—Market unsettled: receipts, 12.470 tubs: extras. 28 s *c; extra firsts. 27Vi®28c; firsts. 24® 25e: seconds. 23®2-Uic; standards. 27c. Poultry—Market, steady; receipts, no cars in. 6 due; fowls. 13®15c: springers. 14 ®l4’ic: Leghorns. 11U.C- ducks. 13®16c: geese. 13c; turkevs. 18®23c: roosters. 10c. Cheese—Twins. 13®13Vic: voung Americas. 13 1 2@13 3 4c. Potatoes—On track. 260: arirvals, 48: shipments. 399: market slightly weaker: Wisconsin round whites. 80®R5c: Idaho Russets. $1.45®1.55; Nebraska triumphs. $1®1.05; Colorado McClures. $1.40, NEW BOOKS RECEIVED Six Volumes Placed on Shelves of Business Library. New books placed in circulation this week at the business branch library includes: ‘How’s business,” by Thorpe; “I Find My Vocation,” by Kitson; “Public Speaking for Eexecutives,” by Mears; “Mexico; A Study of Two Americas,” by Chase: “Price Control in the Public Interest,” by Gaskill, and “Tenth Annual of Ad--1 vertising Art.’* y

THE INDIANAPOLIS TIMES

HEAVY SUPPLY FORCES SWINE PRICESLOWER Slaughter Classes Show Offtrend in Cattle Market. Hogs showed evidence of further weakness at the city yards this morning, prices declining 15 to 20 cents under Monday’s best figures. The bulk, 140 to 300 pounds, sold for $4.10 to $4.35; early top holding at $4.35. Receipts were estimated at 10,000; holdovers were 298. A lower trend prevailed on all slaughter class cattle with hardly enough action to make a market. Receipts were 900. Vealers were around 50 cents lower at $7.50 down. Calf receipts numbered 700. Sheep sold off 25 cents at $5.75 down for most classes. A few sold up to $5.85. Receipts were 1,500. Chicago hog receipts 41.000, including 12,000 direct. Holdovers, 5,000. Market slow, with few opening bids steady to weak at Monday’s average. Good to choice hogs weighing around 190 to 240 pounds were bid $4.10 to $4.15, while the best kinds held at $4.25 and above. Cattle receipts, 8,000; calves, 2,500; market mostly 25 cents lower. Sheep receipts, 14,000; market strong. HOGS Dec. Bulk. Early Top. Receipts. 8. $4.25® 4.40 $4.40 8,000 10. 4.15/75) '4.30 4.30 7.000 11. 4 15® 4.30 4.25 6,000 12. 4 25@ 4.50 4.50 2.000 14. 4.15® 4.45 4.45 8.000 15. 4.10@ 4 35 4.35 10,000 Receipts, 10,000; market, lower. (140-160) Good and choice $ 4.15 —Lisat Liehts — (160-180) Good and choice.... 4.35 —Lleht Weights—-(lßo-200) Good and choice.... 4.35 (200-220) Medium and g0d.... 4.25 —Medium Weights—-(22o-250) Good and choice 4.15® 4.25 (250-290) Medium and g00d... 4.10 —Heavv Weights—-(29o-350) Good and choice.... 4.00® 4.10 —Packing Sows— „„„ „ „ (350-500) Medium and g00d... 3.25® 3.75 (100-130) Slaughter pigs 4.00 CATTLE (SLAUGHTER CLASS) Receipts, 900; market, steady, —Steers — Good and choice $ Common and medium 3.25® 6.25 (1.100-1.500) Good and choice 6 Common and medium 4.50® 6.50 —Heifers—-(soo-850) Good and choice 22 Common and medium 3.00®\6.00 —Cows— Good and choice 2'22 Cull and common 1.50® 2.75 —Bulls (yearlings excluded) Good and choice beefs 3.00® 4.25 Cutter, common and medium.. 2.00@ 3.25 CALVES AND VEALERS Receipts, 700; market, lower. —Vealers — Good and choice ..$ I-I6 1 ? 1 Z 52 Medium J 22 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® 6.00 Common and medium 3.00® 4.25 (800-1.500) , Good and choice 4 ' ® 22 Common and medium 3.00® 4 25 SHEEP AND LAMBS Receipts. 1,500: market, lower. Good and choice..' $ 5.50® 6 00 Common and medium 3.00® s.uu Ewes, medium and choice.... 125® 2.50 Cull and common 50® I.Zo

Other Livestock By United Press CHICAGO. Dec. 15.—Hogs—Receipts, 41,000, inciuding 12,000 direct; market, steady: 180-280 lbs., $4.10®4.20; top. $4.25; paid sparingly: 140-170 lbs., $3.75®4.10; pigs, $3.25® 3.50; packing sows. [email protected]; smooth sorts to $3.85; light lights, 140-160 lbs., good and choice, [email protected]: light weight 160-200 lbs., good and choice, $4 @4.25; medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights, 250-350 lbs., good and choice, [email protected]; packing sows, 275@500 lbs., medium and good, $3.50®3.85: slaughter pigs, 100-130 lbs., good and choice, $3.25® 3,75. Cattle —Receipts. 8.000; calves, 2,500; general market 15@25c lower; practically nothing done on early round; fresh receipts in addition to liberal carryovers from Monday piling up an excessive supply of beef; slaughter cattle and vealers, steers, 600900 lbs., good and choice [email protected]; 900100 lbs., good and choice, [email protected]; 11001300 lbs., good and choice, [email protected]; 13001500 lbs., good and choice. $7.25®11.75; 600-1300 lbs., common and medium, s3@7; heifers, 550-850 lbs., good and choice, $5 @8.50; common and medium, $2.75® 5; cjws good and choice. [email protected]; common a ndmedium. [email protected]; low cutter and cutter, $1.50® 2.50; bulls, yearlings excluded, good and choice beef, [email protected]; cutter to medium, [email protected]; vealers, milk fed. good and choice. $5.50@7: medium, [email protected]: cull and common, s3®4: stocker and feeder cattle, steers, 500-1050 lbs., good and choice, [email protected]; common and medium, $2.75®;4.50 Sheep—Receipts, 14,000; fairly active, mostly steady; spots shade higher; better grade lambs, ss@ 5.50; few $5.60 to packers; closely sorted kinds bid. $5.75: asking upwards to $6; choice clipped $5.25; fat ewes. [email protected]; slaughter sheep and lambs, lambs, 90 lbs., down, good and choice, [email protected]; medium, $4.25@5; all weights, common, [email protected]; ewes, 90-150 lbs., medium to choice, $1.25 @2.75; all weights, cull and common, $1 @1.75; feeding lambs, 50-75 lbs., good and choice, $4.50@6. By United Press EAST ST. LOUIS. Dec. 15.—Hogs—Receipts 12.000; market, s@loc lower; top $4.25; bulk 150-270 lbs., [email protected]; 100-150 lbs., [email protected]; sows largely [email protected]. Cattle —Receipts, 5,000; calves, receipts, 2.000; market, largely a steer run; very slow; indications lower. Early sales mixed yearlyings, heifers and cows steady with weak undertone; bulls steady, vealers 25c lower; mixed yearlings and heifers largely $4.50 ®5.75; cows [email protected]; low cutters. $1.50 @2: top medium bulls, $3.25; good and choice vealers, $7.50. Sheep—Receipts, 3.000: market, asking higher for lambs; bidding at [email protected] for desirable kinds; indications steady on throwouts and sheep. By United Press FT. WAYNE, Dec. 15.—Hog market 5c lower; 100-140 lbs.. $3.95; 140-160 lbs., $4.05: 160-200 lbs.. $4.15; 200-250 lbs., $4.05; 250-300 lbs.. $3.95; 300-350 lbs., $3.85; roughs, $3.25; stags, $2; calves, $7.50: lambs, $5. By United Press CINCINNATI, 0., Dec. 15.—Hogs—Receipts, 3,500; held over 400; moderately active, mostly steady; better grade, 160-240 lbs., [email protected], mostly $4.50 on around 150 lbs. down; 250-300 lbs., [email protected]; 120150 lbs., [email protected]; bulk sows, $3.25; a few light weights, $3.50. Cattle—Receipts, 600; calves. 550: steers and heifer trade practically at standstill under narrow demand: odd lots common to medium grades. [email protected]; few yearlings upward to $6.50; cows about steady, [email protected]: low cutters and cutters, $1.75@3; shell kinds down to $1.25 or below; bulis mostly [email protected]; a few $3.75: vealers, mostly 50c lower; good and choice, [email protected]; lower grades, $6.50 down. Sheep—Receipts, 300; lambs, slow, about steady; better grade ewe and wether lambs, $5.75 to mostly $6; best quotable $6.25; common and medium, $4®4.50; sheep $1.50 down. By Times Special LOUISVILLE. Dec. 15—Hogs—Receipts, 750; steady; 175-240 lbs., $4.30; 240-300 Ids., $4; 300 lbs. up. $3.40; 175 lbs. down, $3.90; packing sows, [email protected]; stags. $2.15. Cattle—Receipts, 150: steady at Monday's decline; good beef steers and heifers. $5.50® 6.50; medium, s4® 5; slaughter cows and bulls. $3.50 down: bulk light stockers, s4® 5; calves, receipts, 150; not fully establish, some interests talking 50c lower at $7 down; for best vealers medium and out vealers valued $5.50 down. Sheep and lambs—Receipts, 100; steady; best fat lambs, $6; buck lambs, $5; throwouts. $3 down; fat ewes, $2 down. Monday’s shipments—Cattle, 258; calves, 350; hogs, none; sheep, none. By United Press PITTSBURGH, Dec. 15.—Hogs—Receipts, 750; market, about steady; 160-240 lbs., $4.50®4.65; 140-160 lbs.. [email protected]; packing sows, steadv to 25c higher; good grades, $3.75®4. Cattle—Receipts, 15; market, nominal. Calves—Receipts, 100; market, steady: good to choice vealers. [email protected]; common to medium, $4.50® 7. Sheep —Receipts, 1.000; better grade lambs steady; plainer kinds, weak: good to choice 65-85 lb. lambs. [email protected]: heavy weights, [email protected]; common and medium, $3 @5. By United Press TOLEDO, Dec. 15.—Hogs—Receipts. 250; market, steady ot 15c higher; heavies. [email protected]; mediums. $3.90®4.10: Yorkers. [email protected]; pigs. $3,50® 3.75. Cattle—Receipts, 250; market, slow Calves—Receipts light; market, steady to lower. Sheep— Receipts, light; market, steady*

BELIEVE IT or NOT

AMP IM. AROUND A FUNERAL DIRECTOR VJbS Gi'otohby C-W-Forschner --ih BotUlo, /vo trolley cars Running —of Cleveland., O- * in the state of viYoniNG __ . jyap 7 —— ■ ■■—■■l 2,-fS

Dow-J ones Summary

Daily average production of crude oil in the United States for week ended Dee. 12, totaled 3,429,693 barrels, a decrease of 21,508 from preceding week, according to Oil and Gas Journal. Sioux City Gas and Electric in twelve months ended Nov. 30, profit, $1,196,308 after taxes and charges, but before depreciation, against $1,290,537 In preced-. ing twelve months. New York cables opened in London at 3.46V*; Paris checks, 88.187; Amsterdam, 8,5625; Italy. 67.625, and Berlin, 14.562. Sugar melt of fourteen United States refiners from Jan. 1 to Dec. 5, totaled 3,975,000 long tons, against 4,450,000 in like period of 1930; deliveries totaled 3,155,000 long tons, against 4,260,000. Indiana Pipe Line Company declared the regular quarterly dividend of 25 cents, payable Feb. 15. of record Jan. 22. Detroit Edison in twelve months ended Nov. 30, earned $8.95 a share, against $8.82 in previous twelve months. Treasury allots $600,550,200 on subscriptions to new 3(4 per cent notes. $398,355.000 on the 3 per cent issue and $324,578.500 on the 2% per cent issue. Liquidating value of National Bond and Share on Nov. 30 was 036.33 a share against $42.82 on Aug. 31, $41.85 on Mav 31 and $47.17 on Feb. 28. Shawinigan Water & Power declared the regular quarterly dividend of 50 cents, payable Jan. 1. of record Dec. 18. Net profit of Metro-Goldwvn Pictures Corporation and subsidiary corporations 100 per cent owned for year ended Aug. 31, 1931, was $6,257,998 after depreciation, federal taxes, etc., against $9,924,869 in preceding fiscal year. Market Street Railway in twelve months ended Nov. 30, net after ordinary taxes, but before interest, depreciation and federal taxes $1,316,314 against $1,378,594 in previous twelve months. Washington Oil Company declared a dividend of 75 cents payable Dec. 20, of record Dec. 14. Second Internatonal Securities Corporation dec.ared the regular quarterly dividend of 20 cents on Class A common stock, payable Jan. 2, of record Dec. 15. Aetna Insurance Company declared the regular quarterly dividend of 50 cents, payable Jan. 1, of record Dec. 14. Lawyers Westchester Mortgage and Title Company declared the regular quarterly dividend of $2, payable Jan. 2, of record Dec. 19. In the Cotton Markets —Dec. 14— CHICAGO . High. Low. Close. January 6.17 6.09 6.10 March 6.36 6.27 6.28 Mav 6.54 6.44 6.46 July 6.71 6.63 6.64 1 October 6.93 6.86 6.86 December 6.08 6.05 6.05 NEW YORK January 6.07 5.98 5.99 March 6.25 6.16 6.18 May 6.43 6.35 6.36 July 6.60 5.52 6.53 October 6.88 6.78 6.79 December 6.04 5.93 5.98 NEW ORLEANS High. Low. Close. January 6.08 5.97 6.00 March 6.25 6.15 6.18 May 6.44 6.33 6.35 July 6.6? 6.51 6.55 October 6.84 6.75 6.77 December 6.02 5.95 5.96 WOMAN TRIES SUICIDE Despondent Over Financial Troubles, She Swallows Acid. Despondent because of financial difficulties, Mrs. Clarissa Dugan, 28, of 1460 Jasper street, Monday night swallowed a quantity of acid at her home and is in a critical condition today at city hospital. Kenneth Dugan, the woman’s husband, told deputy sheriffs he found his wife unconscious on a davenport when he awakened and noticed she was not in bed. Miss Naomi West, 24, Negro, of 209 West Twelfth street, is in a critical condition after drinking a quantity of poison Monday afternoon. BROWN CLUB SPEAKER Irvington Group Hears Tax Problem Discussed by Highway Head. Drop in assessed valuations, with no decrease in governmental cost, is the cause of the present tax problem in Indiana, Director John J. Brown of the state highway department told members of the Irvington Republican Club Monday night. Brown formerly was chairman of the state tax board. Edward J. Hecker Sr., presided at the meeting in the absence of the president, Bert, Morgan,

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 Monday’s Times: The Suppliant Sadhu The story of Daavadja is intensely interesting. In 1900 a young Frenchman of a mystic turn arrived in Bengal. Presently he became immersed in the teaching of Hindu ascetism and assumed the torturous position I drew. This most hapless of Hindu penitents has spent sixteen years of incredible martyrdom, and is the only case, of which I am aware, of. an occidental identifying himself with these practices. His arms and legs have withered from inactivity, he commands the respect and devotion of the faithful, but I can not help wondering whether the memories of another civilization has been effaced from his mind. Jose Llera—Private First Class Jose Llera, United States marine corps, is a natitve of Porto Rico, where he enlisted in the United States army. After two years, when that enlistment expired, Llera went to St. Thomas, Virgin Islands, and enlisted in the United States marines, where he remained for another three years before he ever saw the United States. Llera is now at the marine barracks in Washington, as instructor of Spanish. Fred Art Worked Underground for 75 Years—Frederick Art of 211 Stafford avenue, Scranton, Pa., started to work as door tender in the Sandy Banks anthracite coal fields when he was but 7 years old. Since that time he has held numerous underground jobs, such as mule driving and track laying —but he never has cut coal. And during all his seventy-five years of active toil in. the mines, he always has worked in the same section, and never has been injured. Wednesday—“ The most pathetic moment of the World war.” FIND VAST OIL FIELD New Well Comes in With Daily Gas Blow of 25,000,000 Cubic Feet. By United Press FRESNO, Cal., Dec. 15.—Discovery of a vast new field in the famous Kettleman Hills oil district was claimed today on the strength of anew gusher, brought in from 9,332 feet with an estimated gas flow of 25,000,000 cubic feet daily. The well, Burbank No. 1 of the Petroleum Securities Company, was discovered in the section known as Kettleman Middle Dome, an area equal in size to the Kettleman North Dome, which has become one of the world’s biggest fields. The well came in with such tremendous gas pressure it was impossible to estimate the amount of oil. Local Wagon Wheat City grain elevators are naving 47c for No. 2 red wheat and 47c lor No. 2 hard wheat. NEW YORK COFFEE RANGE —Dec. 14High Low. Close. March 5.71 5.69 5.71 July 5.95 5.93 5.95

Zaiser & Zaiser Incorporated Brokers Unlisted Securities 129 E. Market LI. #375 Kl. 2167

James T. Hamill & Company Private Wires to All Leading Markets Indianapolis MEMBERS Chicago Stock Exchange Chicago Board ot Trade Indianapolis Board ot Trad* Associated New York Curb 203 Continental Bank Bldg. Tel.. Riley 5493—Riley 5494

|-t V Registered O * JLr 1 Patent Office RIPLEY

Bright Spots of Business

BY UNITED PRESS NEW YORK, Dec. 15.—United States crude rubber consumption in November increased 2 per cent over October, compared with normal seasonal decline of 8.8 per cent between the months. TULSA —Crude Oil production during past week declined 21,508 barrels daily in week ended Dec. 12. DETROlT—Cadillac Motor Car Company now operating on a norma! payroll of approximately 0,000 employes, which probably wil be maintained through the winter months, according to L. P. Fisher, president. LACKAWANNA, N. Y.—Bethlehem Steel Corporation plant > here to maintain employment at 7,000 workers. NEW YORK Standard Commercial Tobacco Company to retire 7,500 shares ol preferred stock at $55 a share. Orphanage Probed By United Press SHELBYVILLE, Ind., Dec. 15. Fifteen inmates of the Gordon orphans’ heme testified today before the Shelby county grand jury, which is investigating conditions at the home. Nature of the testimony given by the children was not disclosed.

AUTO LOANS

Another Set of Questions Tonight in My “QUESTION BOX” $lO in Prizes! 15 Theater Prizes! Get Your Xmas Gifts FREE! Tonight on the page next to the comics in the Want Ad section will be found under the caption “Santa’s Question Box” two hundred small want ads, offering bargains in Christmas gifts by local merchants to stimulate holiday trade and save you money. Read the ads—then turn to the Question Box located in the center of these ads and look for the list of questions under the heading, “Santa's Question Box.” Fifteen to twenty questions are asked tonight and the answers to these questions will be found in the merchants’ ads referred to before. SANTA'S QUESTION BOX

15 Couple Tonight Will Win Admissions to See John Boles & Greta Nissen in “THE GOOD SPORT”

DEC. 15, 1931

CORN FUTURES SHOW GAINS IN LIGHTTRADING Renewed Industrial Demand Aids Coarse Grain; Oats Steady. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Dec. 15.—Wheat opened dull and easy on the Board of Trade today with a lower stock market and dullness abroad operating against the market. There was not much action at the start. Scattered sales placed the market a minor fraction under Monday's close but there was no real pressure. The independent strength manifested by corn aided wheat. Corn found new hope in the renewed activity in industries and the strong cash position. Oats held steady in a slow market. Harvest to Be Delayed At the opening wheat was unchanged to V* cent lower, corn was unchanged to % cent highfr and oats were unchanged. Provisions were steady. Liverpool was lower than expected. although allowing for the chartge in sterling, the market was % cent lower to % cent higher at mid-afternoon. The assurance of a wet Argentine harvest means the movement will be delayed by the need for drying, facilities for this being rather primitive. The visible supply of corn, notwithstanding the large crop, is increasing very slowly, confirming the holding attitude on the part of the producer. Corn Demand Good Indianapolis outbid Chicago for corn in Indiana Monday, indicating a probable reduction in receipts from that state. One of the country’s largest industries is buying with the intention of reopening its properties at Peoria. The action in oats has been narrow with the market taking its trend from the other grains but being aided by the fact that some oats have been sold for export, although largely Canadian stock. Chicago Grain Range —Dec. 15 — WHEAT Low. 11:00. dote! juiy 55% .55% .55% .55% CORN— Mar 38% .38% .38% .38% May 40% .39 s * .40% .39% ft” :::.... .% .41% .41% .41% OATS— , May 25% -25% •% ,25% July 24 * * RYE— Mar 44% 43 5 ; .43% ..... May :::::::: .46% .44% .45% 44% LARD—T„r, . 5.50 5.75 May:::::::: 5.72 5.75 By Times Special CHICAGO. Dec. 15.—Carlots: Wheat, 36; corn, 84; oats. 14; rye, 1 and barley. 10. P;> United. Press TOLEDO. Dec. 14.—Cash grain close; elevator prices: Wheat—No. 2 red. 61%® 62%C. Corn—No. 2 yellow. 40®.41c. Oats —No. 2 white. 28%<6 29%c: old oats premium, 3^/4c. Rye—No. 2,51 c. Grain on track. 28%c rate; Wheat—No. 2 red, 56® 56%c; No. 1 red. lc premium Corn—No. 2 yellow, 34%®35%c; No. 3 yellow, 33®34c. Oats—No. 2 white, 25%c@27c: No. 3 white, 24%@26c; old oats, premium 3@4c. Clover —Prime. $8.75; Feb.. $9; March, $9.25. Alsike—Cash, $8.75; Feb.. $9; March. *9.IP Butter—Fancy creamery, 32® 33c. ERgs Current receipts, 20®23c. Hay—Timothy, per cwt., sl.