Indianapolis Times, Volume 43, Number 191, Indianapolis, Marion County, 19 December 1931 — Page 12

PAGE 12

NEW BUILDING IN INDIANAPOLIS SHOWS UPTURN I ______ Permits Increase 14 Per Cent Over Year 1 Period. Increase of 14 percent for building permits from Jan. 1 to Dec. 1, 1931, compared with the same period last year, Is shown by an Indianapolis building industry survey made by R. G. Dun & Cos. Permits for the period totaled $8,860,814, against $7,777,600 for the same period last year and $14,953,707 for the same period in 1929. This year’s figure is a 41 per cent decrease in comparison with the 1929 figure. There was a steady decline in permits during the first six months of 1931, a loss of 29 per cent over the same period in 1930, while the period of July 1 to Dec. 1 showed a net gain of $2,500,000. Gain in the last five months was due to several large public projects, including the veterans’ hospital, telephone company building and contract for completion of the War Memorial project. The only new major building project under consideration now, the survey reports, is the Indiana National bank addition, estimated to cost more than $250,000.

Average Stock Prices

Average of thirty Industrials for Thursday 73.79. off 2.70. Average of twenty rails 31.42, off 1.28. Average of twenty utilities, 30.71, off 77. Average of forty bonds. 72 37. off .92.

Bank Clearings

INDIANAPOLIS STATEMENT —Y)/.’ c. 18— Clearings $3,229,000.00 Debits 6.152.000.00 TREASURY STATEMENT —Dec. 18— Met balance for Dec. 16 $735,110,843.87 .Expenditures 50.986.876.27 Customs rccts. mo. to date.. 14.325.302.43

Yew York Curb Market

(By Thomson St McKinnon) —Dec. 18Close' Close. Alum Cos of Am 59%:tnt Super .... 10 4m Cynamid .. 2%|lnt Pel 9 Am Gas & Elec 38% Mead Johnson. 43% Am Lt St Trac.. 20% Midwest Ut .... 5% Am Hup Pwr... 4'/*|Mo Kan Pipe... 1 Ark Gas A 2%|Mt Prod 2 Ass Gas St Elec 4%|Nat Invest ... 1-4 Braz Pwr St Lt. 9%|Newmont Min.. 12% L'an Marc %|Nia Hud Pwr .. 6% Oent Sts Elec... l%|Niles 8% CM ties Serv s%|Penroad 2% Cons Gas of Ba 60 ]St Regis Paper.. 3% Ord 7%'Salt Creek 3‘%> Deere & Cos 11 iSel Indus % Elec Bnd St Sh ll%|3henandoah .... 1% Gen Avia 3 ;So Pepn Oil ... 10 Ford of Can ... 9% So Union Gas.. 1% Ford of Eng ... 4%,lStd of Ind 14% Ford of Fr ... 4%,Std of Ohio 28 Fox Thca %,Trans Air Trans 2% Goldman Sachs.. 2|Un Gas A 1% Gulf Oil 28 V* In Lt & Pwr .. 6% Hudson Bay ... 3% Un Verde 3% Humble Oil .... 47 lUt St Indus .... 2 Imp Oil of Can S'A.Ut Pwr B .... 3% Ind Terr A ... s%!Van Camp ... 2 Insull t s%iUnited Fndrs... 2%

New York Bank Stocks

(By Thomson St McKinnon) —Dec. 18— Bid. Ask. Bankers ,55** .So* 4 Brooklyn Trust I<o 178 Central Hanover 123 127 Chase National ... ...... 29% 31% Chatham Phoenix Natl... 15% 17% Chemical 37% 29% Citv National 39% 41% Corn Exchange 63 66 Commercial 13b I4j Continental 13% 15.< Empire . 19% , 21% First National Guaranty 260 265 Irving 15% 16% Manhattan St Cos 30 32 Slanufacturers 31 33 New York Trust 71% 74% Public 19% 31'/*

Net Changes

fly C nited Press NEW YORK. Dec. 18.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Allied Chemical 71 5 American Can 64 5% American Smelting ....... 21% 2.4 American Telephone ex-dividend. 121'/* b% Auburn 15% Bethlehem Steel 31% 1% Case H 3 /* s*• Consolidated Gas 64 4 Du Pont 55% 4V* Electric Power lj> General Electric ex-dividend 35 1% General Motors 33% % International Nickel 8 4 6 Kennecott 12 1% Toew's Inc 27% 3 Montgomery Ward 7 ln N Y Central 31 * 4% North American Paramount 7 l'/P Pennsylvania 30 s/a Public Service 55 4 4 Radio-Keith ;!• Scars Roebuck 34 1 * Stan Oil N J 29% 3;.* Texas Corn 72 1 * Union Carbide tVestlnghouje El Z ' Woolworth •••• 403 Vt

Investment Trust Shares

(By Gibson St Bernard) PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Am Founders Corp. com % Am & Gen Sec A ••• Am Tnv Tr Shares 3% 3% Basic Industry Shares ....... 2 ... Collateral Trustee Shares A.. 3% 4% Cumulative Trust Shares ... 3% 3% Diversified Trustee Shares A 6% ... Fixed Trust Oil Shares 2% ... Fixed Trust Shares A....... 6j* ... Fundamental Trust Shares A.. 3% 3% Fundamental Trust Shares B 3% 4% Leaders of Industry A 3% ... Low Priced Shares 4,% 3% Nation-Wide Securities 3% 3V, delected American Shares ... 3% 2 * Selected Cumulative Shares... 5% 6 Selected Income Shares S 3% Shawmut Bank nv Trust..... 1 3 Std Am Trust Shares .......I 3 3^* Super Corp of Am Tr Shares 33% Trustee Std Oil A 3% ... Trustee Std Oil B 3% jh* r.lfted Service Trust Shares A 2% 2% V S Elec Light St Power A.. 16 18 ntversa! Trust Shares 3% 3%

Local Wagon Wheat

Cl tv eraln elevators are oavln* 46c for Ko 3 red wheat and 46c for No. 3 hard wheat. HOLIDAYS STIMULATE RETAIL STORE SALES Trade Now at Largest Volume of Year; Wholesaling Down. By United Press NEW YORK. Dec. 18.—I'oliday buying and colder weather have stimulated retail trade to the argcst volume of the year, Bradstreet’s weekly trade review today said. Features of retail trade this year, the review said, were the lnsistance of the public on moderate priced merchandise and the continued emphasis upon useful gifts. Wholesaling appears to have fallen off somewhat from the previous week, while nothing can be expected of the heavy industries at jleast until the first of the year, the review said.

New York Stocks ■" ißv Thomsoo A McKinnon)

by United Press NEW YORK, Dec.. 18.-Sales on the New York Stock Exchange today totaled 3,600,000 shares; curb stock sales totaled 600,000 shares. —Dec. I*~ Railroad*— , High. Low. Close, close. Atchison 88% 81% 88 82 Atl Coast Line.. 30% 28 JO% 29 Balt St 0hi0... IB’* 14% 18% IJl* Chesa St Ohio. 28‘a 28 28 23 * Chesa Coro ... 18% 13% I*% M, Chi art West... 3 * 3% 3/• 2% Chi N west.... 6% 5 $% CRU? 11V 8% 11 Vi 7% Del LSc W 22% 18 JU% 19 Del As Hudson.. 76'2 64V* 75 t>4 Erie % 5 6% 5 Erie Ist pfd . . BVi 7 8% oH Great Northern 19% 16 19% 17 Illinois Central 11 Vi 9% 11 9% Kan Cltv 50... 7% 7% <% < Lou St Nash... 26 22 26 21% Minn S L . ... ,> M K Ac T o’* 4% 5Vi 4% Mo Pacific 9 *>% 9 b% Mo Pacific pfd.. 17 14% 17 13 * N Y Central.. 31% 27 31% 27 Nickel Plate.. . 4 3% 4 3,* NYNH Ac H. 24 * 19 23% 18% Nor Pacific .... 18 14% 18 1| Norfolk Ac West 114 106 114 106% OAt W 7% 5% 7% 5% Pennsylvania ... 20 16% 20 lo^ Reading 3030 30Is 30 ± Seaboard Air L. .. • ••• n _i 4 So Pacific 32% 28% 32% 27% Southern Ry 3% 6% 8% 6/2 St Paul 1% 1% l' v% St Paul pfd 3Ve 2% 3Ve 2 b St L St S F.... 4% 3% 4 3% Texas Ac Pac 23 23 Union Pacific... 80% 71% 80 <2 * Wabash ••• W Maryland 6% 5% 6 5V* West Pacific 2 Equipments— Am Car Ac Fdy.. 6% 5% 6% 5% Am Locomotive. 6Vi 5 7 ® Am Steel Fd.... 6% 5% 6% 5% Am Airbrake S.. 15 14 15 14Va Gen Am Tank.. 31 28'/4 31 29 General Elec 25 Vi 22% 25 24 Gen Ry Signal.. 25% 21% 25% 22 Lima Loco 19% 14 19% 14 N Y Airbrake.. .. ... 6% 6%* Press Stl Car 1 % Pullman 18% 16% 17% ... Westingh Alrb.. 13'% 12% 13 12% Westingh Elec.. 29‘/s 36 29% 26% Rubbers— Firestone 13 13 Fisk , ... Vi % Goodrich 4 3% 4 3% Goodyear 16'% 13% 16% 14% Kelly Sprgfld .. 1% 1 1% 1 Lee Rubber ... ... U S Rubber 4 3% 4 3%

Motors— Auburn 140 125 139% 124% Chrysler 13% 12 13% 12% Graham Paige. 3% 3% 3% 3-/a General Motors 33% 22 % 23% 22 Vs Hudson 11% 9% 11 % 10 Hupp ........... 4Vi 4 4% 4 Mack 12% 12% 12% 12% Marmon 1% ... Nash 15% 13 15% 15 Packakrd 4% 3 7 /s 4 3% Reo 3'/a 3% 3% 3% Studebaicer .... 11% 10% 11% 10% Yellow Truck... 3% 3 3'% 3 Motor Access— Am Bosch .... ..... 6. Bendlx Aviation.. 17 7 /a 15% 17% 15/2 Borg Warner... 10% 9% 10% 9% Briggs 9 7 9 7% Budd Wheel 3% 2% 33% Campbel Wv... 6% 6 6 t ... Eaton ... 7 6 7 b El Storage’ B. .. 27 24 36 24 Hayes Body .. ... 1% 1% Houda 32% 33 Motor Wheel ... 5% 5% 5% o% SparksW 2'.j 2 2% 2/4 Stewart Warner 5% 5 5% 5 Timkln R 011... 19 16% I 9 17 Mining— _ ... „ e Am Metals 6 5% 6 5 Am Smelt 21% 18 t 21% 18^4 Am Zinc ... J? 7 * 2*4 *.a Anaconda Cop... 11% 10% 11% 10 s Cel & Hecla.... 3% 3% 3/a 3/a Cerro de Pasco. 14% 13% 14/* 13 Dome Mines.... 7% 7% 7% 7% Freeport Texas.. 16 14% 16 Ux Granby Corp 7 5 s 7 5 4 Great Nor Ore.. 11% 10% H% 10/ Howe Sound 15 12% 15 13 Int Nickel 8% 7% 8% 7% Inspiration .... 3% 3% 3/2 3 Kennecott Cop.. 12% 10 4 i2 10 % Magma Cop .... 8 7% 8 7% 5?e l v m Cons PPer V.-. S& 5% 5% 5% Texas Gul Sul.. 23% 20% 22% 19% U S Smelt 16% 15 16% 14% Alaska Jun 13% 12% 12% 11% Amerada 13% 12% 13 12% Atl Refining 10% 9% 10% 9 2 Barnsdall 5Vi 4% 5% 5 Houston 4 3% 4 3 4 Indian Refining. .. ••• ••• i., Ohio Oil 5% 5% 5% 5% Mex Sbd 7% 6% 7;t 6V* Mid Conti 5 1 /* 5 5% 5 Pan Amer B .• • 20% 20 Phillips 4Vi 4Ve 4% 4% Pr Oil & Gas ... 5% 5 5% 5% Pure Oil 4 3% 4 3% Royal Dutch ... 14% 13% 14% 13% Shell Un 3% 33% 3 Simms Pt ••• ”/ 2 Sinclair 4% 4% 4% 4% Skelly 2% 2% 2% 2% Standard of Cal 26% a3% 26% 24% Standard of N J 29% 26% 29% 27% Soc Vac 10 9 10 9% Texas Cos 12 9% 12 10 Union Oil 13% 11 13% 11 /s Am Roll Mills.. 9 7% 8% 7% Bethlehem -ilVa 19% 21% 20,4 Byers A M 14 11% 14 11% Colo Fuel 8% 8 8,2 ... Cruc Steel 22% 21% 22 22 Inland 20 20 Ludlum 4% 4% 4% 4Vs McKeesport Tin 50% 45% 49% 46 Midland % Newton ••• . 2 * Repub I & 5... 5% 4% 4% 4% U S steel 42 36 41% 37% Vanadium 14 11 14 11/* Youngst S& W 7% 7 7% 7% Youngst S St T. 14 12 14 1Tobaccos — Am Sumatra 3Va 3% Am Tob A (newl 70 63% 70 61 Am Tob B (newt 72 65% 71% 65% Con Cigars 22% 20 22 2 30 General Cigar. 29 Vi 28 29% ... Lig & Myers 8.. 47 42% 46% 42% Lorlllard 13Va 12% 13% 12 Reynolds Tob ... 35 33% 35 34'.8 Tob Pr (A) 7 6% 6% ... Tob Pr (B> 2% 3Vi 2% 2%

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 22c; henery quality No. 1, ?sc; No. 2,15 c. ... Poultry (buying prices)—Hens weighing 5 lbs. or over. 14c; under 5 lbs.. 13c; Leghorn hens, 10c; broilers, full feathered, 3Vi lbs. and up. 13c; barbeback, 11c; Leghorn broilers. 10c: spring chickens, 5 lbs. and up. i3c: under 12c: old cocks. 7c: ducks, full feathered. 9c: geese. 6c. These prices are for No. 1 too quality quoted by K Butter & ( wholesale)—No. 1. 80031 c: No. 2 38 @ 29c. Butterfat —28c. Cheese (wholesale selling price per pound)—American loaf, 23'ic: pimento loaf. 25 s c; Wisconsin firsts. 19c: Longhorns, 19c; New York liberger. 30c. By United Press CINCINNATI, Dec. 18.-Butter—Steady; creamery' in tub lots according to score, 23027 c: comomn score discounted 2 to 3c: packing stock. No. 1,20 c: No. 2,15 c: No. 3, Bin 10c; butterfat, 23@25c. 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. 13’ic; 3 lbs. and over! 12c; Leghorns. 3 lbs. and over, lie: roosters, 10c: broilers, colored. 1 lb. and over. 18c; lVi lbs. and over. 18c; 2 lbs. and over. 16c: fryers. 3 lbs. and over, 16c; partly feathered. 10c: Leghorn broilers 1 lb and over. 16c: IVi lbs. and ove. 16c; 2 lbs. and over. 12c; Leghorn stags, 10c; black springers, 10c: roasting chickens, 4 lbs. and over. 17c: ducks, under 3 lbs., sell at liberal concessions; ducks, white 4 lbs. and over, 13c: under 4 lbs.. 10c; colored. i lbs and over. 13c; under 4 lbs., 10c; capons." 8 lbs. and over. 25c; under 8 lbs., 17c- slips. 15c: spring guineas. IPs lbs. and over. 10c; 2 lbs. and over. 15c; guineas, old. 9c: turkeys. No. 1 hens, 8 lbs. and over 32c: young toms, No. 1, ten lbs. and over 31c; No. 1 old toms. 25c; young toms over 15 lbs.. 28c: crooked breasted. 18cj No 318 c; hen turkeys, under 8 lbs. and toms under 10 lbs., sell at liberal concessions. B• United Brea* CHICAGO. Dec. 18.—Eggs—Market, steady; receipts, 1.861 cases; extra firsts, 24c- firsts. 23c; current receipts. 20022 c; seconds. 12015 c. Butter—Markets, unsettled; receipts. 11,667 tubs: extras. 29'2C; extra firsts. 27' a 028c; firsts, 24025 c: seconds. 23023' a c; standards, 27c. Poultry —Market, about steady; receipts, no cars in 3 due; fowls. 12314 c; springers. 13’i0 14c; Leghorns. 11c: ducks, 13015 c; geese, ll'ic- turkeys, 18024 c; roosters. 10c. Cheese-Twins. 13313’(ic; Young Americas 13'i@13 J c. Potatoes —On track, 225; arrivals. 48: shipments. 417: market, dull; Wisconsin Round Whites. 75085 c; Idaho Russets. *1.45(31.55; Nebraska Triumphs, *131.1212. By United Press CLEVELAND. Dec. 18—Butter—Extras. 33'iic: standards, 31c; market, steady. Egcs —Extras 27c; firsts. 22c: market, weak. Poultry—Heavy fowls. 16c: medium. 14c: Leghorn. 11c: ‘heavy broilers, 16ftl8c; Leghorn broilers. 103 lie; ducks, 15@20c: old cocks. 10c: voung turkeys. 29c; market, barelv steady. Potatoes—Ohio, mostly 50c, few 55c per bushel sack; Maine Green Mountain, *l.lO per 100-lb. sack; Idaho Russet, *332.25 per 100-lb. sack. Pu United Press NEW YORK. Dec. 18 —Potatoes—Market, seady; Long Island. 75c i *2.15 per barrel: | Idaho, *2.1503.40 per sack: Bermuda. *sr> | 10 per barrel; Maine. *1.5001.90 per barrel: Canada. *1.40® 1.50 per barrel. Sweet ! potatoes—Market, dull; Jersey baskets. ; 5Oc0*l: southern basket, 40060 c: southI ern barrels. *l. Flour—Market, dull: spring patents. *4 2504 50 per barrel. Pork —Market, dull: mess. *1825. Lard—Market. easy: middle west spot. 059306 c. Tal-low-Market. steady; special to extra. St.ftS'sC. Dressed poultry—Market, quiet: turkeys. 32 333 c; cnlckens, 14<u33c; capons, 20 0 38c; fowls. 10023 c; ducks. 130 50c. Long Island ducks. 19c. Live poultry —Market, steady: geese. 15 323 c; ducks. 17330 c; fowls. turkeys. 25330 c, roosters. 10311 c; chickens. 11@20c: caI pons. 34030 c; broilers. 14w30c. CheeseMarket. tuiiei; state whole milk, fancy to Igecial, Young America, 123

Utilities— Abltibl 3% 2% 3V 2% Adams Exp 3 Vs 3% 3% 3% Am For Pwr.... 7Vs 6% 7% 6* Am Pwr <Sc Li.. 14 11% 13% 12% A T St T 121% 113% 121% 117 Col Gas St LI.. 14 11% 14 12% Com St Sou 3Vi 3% 3Vs 3% El Pwr & L 1... 12V* 9% 12 9% P*n Gas lA>... 2 1% 1% 1% Inti TAT 9 7% 9 7% Natl Pwr St LI.. 14% 11% 13% 11% No Amer Cos 34 Vi 29% 34% 30 Pac Gas St El.. 33% 30% 33V* 31 Pub Serv N J.. 55Vs 49% 55 50% So Cal Edison.. 31 28% 30% 29% Std G St El 29% 25% 28% 26% United Corp 8% 7% 8% 7% Ut Pwr ALA.. 10 7% 9% 8% West Union .. 46% 41% 46V* 42% Shipping— Am Inti Corp... 5% 5 5% 5% N Y Ship 4 3% 4 3% No Gm Lloyd 4 United Fruit... 21% 19 21% 18% Foods— Am Sugar 38 35 38 35 Armour A 1% 1 l 1% Beechnut Pkg 39 39% Cal Pkg 8% 8% 8% 8% Can Dry 12% 11 12% 12 Childs Cos 7% 7 7% 6% Coca Cola 112 107% 112 107% Cont Baking A.. 5% 4% 5% 4% Corn Prod 42% 37 42% 36% Crm Wheat 22 V* Cudahy Pkg ... 31% 30V* 31% 30% Cuban Am Sug 1% 1 1% 1% Gen Foods 31% 29% 31 % 29 Grand Union ..8 7% 8 7% Hershey 73% 70 73% 68 Jewel Tea 31'% 30 31% 30% Kroger 14% 12% 14% 12% Nat Biscuit ... 40% 36% 40'/* 37% FUlsbury 20% 19% 20% 19% Purity Bak 13Va 10% 13% 11 Safeway St .... 43% 41% 43% 42 Std Brands .... 11% 10% 11% 10% Ward Bkg A B'% Drugs— Coty Inc 32% Lambert Cos 50% 46 50% 46 Lehn A Fink ... 20 19% 20 19% Industrials— Am Radiator ... 6% 5% 6% 5% Bush Term 16% 15% 16% 16 Certalnteed .... 2% 2% 2% Gen Asphalt ... 13 lO'/i 13 ’it% Lehigh Port 5 Otis Elev 20% 16% 20% 16% Indus Chems— Allied Chem ... 71 65% 71 66 Com Solv 8% 7% BVi 7 Union Carb 30% 27% 30% 27% U S Ind A1c0... 28% 23% 27% 23% Retail Stores— Assoc Dry Gds. 7% 6% 7% 6% Glmbel Bros 2% 2% Kresge S S 16% 15 Vi 16% 15% May D Store ... 17 16% 17 16% Mont Ward .... 7% 6% 7% 6% Penny J C 28% 27 28% 26% Schulte Ret St 4 4 Sears Roe 34% 30% 34 30% Woolworth 40 35 40 36% Amusements— Bruns Balke 2% Col Graph 32% 32% Crosley Radio . 32% 3 Eastman Kod .. 85% 79 85% 79 Fox Film A .... 3% 2% 33 Grigsby Gru ... 1% 1 1 1 Loews Inc 28 23% 27% 24% Param Fam .... 7% 5% 7% 6 Radio Corp .... 5% 5% 5% 5% R-K-O 1 % % % Warner Bros ... 32% 3 2 7 /. MiscellaneousAirway App ]B' City Ice AFu 26 >4 27% Congoleum 8% B'% 8% 8% Am Can 65 59Vi 64% 59% Cont Can 35 30% 35 30% Curtiss Wr 1% 1% 1% it? Gillette S R .... 11% 10 nyt * s* al . Sil & 2v * 2 '* 2 1 s ::: Un Arcft 12% 10% 11% ... J? arv 25% 22% 25% ... J I Case 44% 38% 44% ...

In the Cotton Markets

(By Thomson & McKinnon) NEW YORK, Dec. 18,-Early in the day cotton was 2 points cheaper, 1 but in the second hour March con- I tracts stood 5 points above Thurs- j day’s close. The market could not I claim all the credit, however, as i other markets were advancing at j the same time. There is still a high basis in the south which makes contracts look unusually cheap. There is the same j persistent holding movement, though in this instance there is ample price justification for it, in our opinion. Over the holidays it ; is hardly possible that the mills will | feel an urge to buy more than their immediate needs and a trading market should result. That may all change if the plan for acreage reduction takes definite shape. We repeat our belief that the price at which cotton is selilng fully discounts bearish statistics. —Dec. 18— CHICAGO High. Low. Close. January 6.28 6.14 6.28 March 6.53 6.35 6.53 May 6.70 6.52 6.70 July 6.84 6.69 6.84 October 7.05 6.92 7.05 December 6.21 6.14 6.21 NEW YORK January 6.25 6.05 6.24 I March 6.43 6.23 6.42 May 6.62 6.42 6.61 July 6.77 6.59 6.77 October 7.06 6.86 7.05 December 6.20 6.03 6.20 NEW ORLEANS January 6.25 6.04 6.25 March 6.45 6.23 6.43 May 6.63 6.42 6.63 July 6.79 6.59 6.79 October 7.00 6.82 6.97 December 6.23 6.02 6.23

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, Dec. 18.—Rallying spiritedly, stocks for the first time in several weeks gave evidence of a culmination of necessituous liquidation which recently has been destructive of prices. Significant activity in bonds and the marked improvement in bank stocks late Thursday foreshadowed some j change in financial sentiment. When it became clear that de- ; mand was still present in these j markets this morning, pressure on ! stocks quickly disappeared, influencing buyers to bid aggressively for stocks. Short covering no doubt played an important part in the advance but it was the appearance of real substantial buying that encouraged it. Reports were current that the United States Steel Corporation had bought large blocks of its own stock. Whether it was for support purposes or for employes’ subscription, information was lacking. With the rail executives holding a meeting today, hope grew stronger that a general wage reduction was near and this was reflected in a brisk recovery of railroad shares and bonds. Whether today’s recovery merely is an interruption of the downward trend or definitely marks the conclusion of the prolonged siege of liquidation, remains to be proven. In any event, the market regained some of its lost poise. This alone will permit of studied consideration of values. Upon second thought, perhaps, the desire for liquidity may not be so urgent. A distorted imagination may be superseded by calmer judgment. Given an opportunity to get its bearings, the market may find a better basis for confidence than it has of late reflected.

Other Livestock By United Press Ft. WAYNE, Dec. 18 —Hogs—Market 5c lower: 100-140 lbs.. *3.80: 140-160 lbs., 3.90: 160-200 lbs. $4: 200-250 lbs.. 3.90: 250300 lbs , *3-80; 300-350 lbs., *3.70; roughs. *3; stags. *2; calves. 7: lpmbs, *5. By United Press EAST BUFFALO. N. Y.. Dec. 18—Hogs Receipts. 3.300: market fairly acthe, generally 10*720c over Thursday's average; mostly '104120c: 160-220 lbs.. $4.40 7 4.50: 240-270 lbs.. *4 25!<i4.35: weights below 140 lbs.. *3.85® 4.25 Cattle—Receipts, 250: cows slow, steady; cutter grades. *1.25 y 2 50: holdover steers Unsold Calves—Receipts. 800: vealers. steady good to choice. *7.50478. Sheep—Receipts. 2.000; lambs, slow, steady to weak: quality and sorts considered: good to choice. *6: few *6.25; common and medium. *547 5.50. New York Liberty Bonds —Dec. 18— 3> = s 97.12 Ist 4tis 99 28 4th Treasury 4Hs 101.4 Treasurv 4s a 99.24 Treasur>- 3-'*s .... SX 96.'6 Treasury 3 3 *s of 47 94. Treasury 3Ha oX ’43 (March)-*.... 84.20

THE INDIANAPOLIS TIMES

FIRM DEMAND SENDS PORKER PRICES HIGHER I - - Cattle Show Wo Dependable Action; Sheep Down 25 to 50 Cents. Renewed demand at the Union j Stock Yards sent hog prices up 10 . to 15 cents tliis morning. The bulk, 140 to 300 pounds, sold for $4.10 to $4.35; early top holding at $4.35. Receipts were estimated at 4,500; holdovers were 194. Cattle were slow with no depend- j able action in slaughter classes. Receipts were 300. Vealers showed 1 weakness, selling down 50 cents at' $6.50 to lower. Receipts were 500. In the sheep market lambs sold j off 25 to 50 cents. Most sales were at $5.25 down, a few selling at the morning’s high of $5.50. Receipts were 1,000. Early sales and bids on hogs at Chicago were around 10 cents higher than Thursday’s average; good and choice 170 to 250 pounds $4.10 to $4.15 and best 200 pounds held to $4.25 and above. Receipts were 35,000, including 18,000. Holdovers were 5,000. Demand fairly active. Cattle receipts were 1,500; calves 700; steady. Sheep 10,000, steady. HOGS Dec. Bulk. Early Top. Receipts. 12. $4.25(5/ 4.50 $4.50 2,000 14. 4.15tf8 4.45 4.45 8,000 15. 4.10 M 4.35 4.35 10.000 16. 4.10lS! 4.25 4.25 6,000 17. 4.oo(ffi 4.20 4.20 6,000 18. 4.10® 4.35 4.35 4,500 Receipts, 4,500; market, lower. (140-160) Good and choice....s 4.10 —Light Lights—-(l6o-180) Good and choice... 4 25@ 4.35 —Light Weights—-(lßo-200) Good and choice... 4.25@ 4.35 (200-220) Medium and g00d... 4.25 —Medium Weights—-(22o-250) Good and choice... 4.15® 4.25 (250-290) Medium and g00d... 4,10 —Heavy Weights—-(29o-350) Good and choice... 4.00® 4.15 —Packing Sows—-(3so-500) Medium and g00d... 3.25® 3.75 (100-130) Slaughter pigs 4.00 CATTLE (SLAUGHTER CLASS) Receipts, 300; market, steady. —Steers — Good and choice $ 6.00® 10.00 Comon and medium 3.00® 6.00 (1.100-1.500) Good and choice 6.25®10.70 Common and medium 4.25® 6.25 —Heifers—-(SOO-850) Good and choice 5.75® 8.&0 Common and medium 3.00® 5.75 —Cows— Good and choice 3.25® 4.50 Medium 2.50® 3.25 Cull and common 1.50@ 2.50 —Bulls (yearlings excluded)— Good and choice beefs 2.75® 4.00 f Cutter, common and medium.. 2.00® 2.75 j CALVES AND VEALERS Receipts, .700; market, lower. —Vealers — Good and choice * 6.00® 6.50 Medium 4.00® 6.00 Cull and common 2.00® 4.00 —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 4.25® 6.00 Common and medium 3.00® 4.25 SHEEP AND LAMBS • Receipts, 1,000; market, lower. Good and Choice $ 5.00® 5.50 Common and medium 2.50® 5.00 Ewes, medium and choice 1.25® 2.50 Cull and common 50® 1.25 Other Livestock By United Press CHICAGO, Dec. 18.—Hogs—Receipts, including 18,000 direct; active, 10c higher; 180-300 lbs., $4.10®4.20; top, $4.20; 140-170 lbs.. [email protected]; few pigs, $3.3503.75; packing sows. $3.5003.65; smopth sorts, $3.60®3.75; light lights, 140-160 lbs., good and choice, $3.7504.15; lightweights, 160200 lbs., good and choice. $404.20; medium weights, 200-250 lbs., good and choice, $4.5004.20: heavyweights, 250-350 lbs., good and choice. $404.15; packing sows, 275-500 lbs., medium and good, $3.50 @3.75; slaughter pigs, 100-130 lbs., good and choice. $3.35 0 3.75. Cattle—Receipts, 1,500; calves, 700; dull and narrow demand for practically all classes, undertone weaken, prospects Incomplete, clearance. Slaughter cattle and vealers: Steers, 600900 lbs., good and choice. s7® 10 50; 9001,100 lbs., good and choice, $7011.25; I, lbs., good and choice. $7.25® 11. 1.300-1,500 lbs., good and choice $7.25011.50; 600-1,300 lbs., common and medium, $307.25; heifers, 550-850 lbs., good and choice, $4.75®7.75; common and medium, $2.5004.15; cows, good and choice, $3 @4.50; common and medium, $2.50 03: low cutter and cutter cows, SI.OO @2.50; bulls, yearlings excluded, good and choice beef $4.7504.25; cutter to medium, $2.2503.65; vealers, milk fed, good and j choice, [email protected]; medium, $405; cull and ! common. s3@4; Stocker and feeder cattle: ! Steers, 500-1,050 lbs., good, and choice, [email protected]; common and medium, $2.75® 4.50. Sheep—Receipts, 10,000; choice lambs unevenly lower; other grades and classes weak with Thursday’s sharp decline; better grade lambs, $4.75@5; to packers, $6.56; butchers and smaller killers, $5.2505.35; 90 lbs. down, good and ! choice, $4.7505.50; medium, [email protected]; i all weights, common, [email protected]: ewes, 90- 1 150 lbs., medium to choice. $1®2.50; all weights, cull and common, 75c®51.50; feeding lambs, 50-75 lbs., good and choice, $4.25 0 4.75. By United Press CINCINNATI. 0.. Dec. 18—Hogs—Receipts. 3.400; heldover. 870; moderately active, unevenly steady to 10c higher; spots up more on mediu mweight butchers: better grade. 160-230 lbs.. 54.3504.50; mostly $4.50 on around 215 lbs .down: 240300 lbs., verv uneven, largely $4®4.25: 120- ! 150 lbs.. $3.75 to mostly $4; bulk sows. $3.25. Cattle —Receipts. 550: calves. 300; verv slow: all mature classes except bulls. ( showing declines of 25050 c for the week; | undependable outlet for steers and heifers. 1 some of these oe more: odd lots common ! and medium grades. $3®5.50: a few better i finished yearlings up to $6.50; beef cov/s, ! [email protected]: low' cutters and cutters. $1.50@ 2.75: practical top bulls. J 3.50: vealers slow, barelv steady: good and choice. $C® ! 7: low'er grades, undependable sellers, at i $5.50 down. Sheep—Receipts. 400: steady; better grade ewe and wether lambs. $5.50® 6; common and medium mostly 34®5; sheep. $1.50 B;t United Press CLEVELAND, Dec. 18.—Hogs—Receipts. 1.200: holdover none; steady to 10c higher; ! 160-230 lbs., $4.40; 240-300 lbs., $4 15; light lights and pigs. $3.5003.75; bidding 25c lower on cows and stags. Cattle—Receipts. 225; around 900: cattle here, only load or so sold; common, 803-810-lb. weights, $3 7504.50; most others without bid. Calves— Receipts. 150; strictly a buyer’s market at 50c to $1 downturn; choice vealers. $8 downward: common to medium, s4@6; clearance incomplete. Sheep—Receipts, 1.000; lambs 25 0 50c lower; bulk, $5.75 downward; nothing strictly choice included; throwouts and heavies, $404.50. By Times Special LOUISVILLE Dec. 18.—Hogs—Receipts, 500; 10c higher; 175-240 lbs.. 4.25; 240-300 lbs.. $3.95; 300 lbs. up, $3.35; 175 lbs. dow'n, $3.85; packing sows, $2.3503.10; stags, $2.10. Cattle—Receipt 100, steady at week’s decline; beef steers and heifers mostly of value to get $5 and below; bulk slaughter cows ana bulls, 3 down; light stockers Quoted $5 down. Calves —Receipts, 150, steady with Thursday's general market; bulk vealers. ss© 5.50; outs mostly $4.50 down. Sheep and Lambs—Receipts, 100, J steady with Thursday’s $3 down; fat ewes. $2 down. Thursday’s shipments; Cattle. 29; calves, 103; hogs, none, and sheep, 159. By United Press PITTSBURGH, Dec. 18 —Hogs—Receipts. 2,000; market, active to steady; 160-240 lbs.. [email protected]: 250-300 lbs., $4.2500.40; 140-160 lbs.. $4.25®4.50; 120-140 lbs.. S4O; 4.25: lighter weights down to $3.75; packing sows, $3.50©4. Cattle —Receipts, 100; no trading. Calves—Receipts. 275; market, slow: asking lower on better grade vealers at $7.50 downward. Sheep—Receipts. 2,500; market, weak to 25c lower; better grade lambs, $5.50@6; heavier weights, down to $5; common and medium grade, [email protected]; medium wethers. s2@3. By United Press EAST ST. LOUIS. 111., Dec. 18.—Hogs— Receipts 8.000: market, steady to strong; top. $4.10: bulk. 150-290 lbs., $4®4.05: 100150 lbs.. $3.500 4; sows largely. 3.50 0 3.60. Cattle—Receipts. 700 Calves—Receipts. 500: market, showing little activity; steers principally holdovers; no early steer sales; other classes generally steady in dull, clean-up trade: mixed yearlings and heifers largely. $405; cows. $2.7503.25; low cutters. 1.2501.75; top medium bulls. $3: good and choice vealers, $6.75. SheepReceipts, 800: market, mostly steady with late trade Thursday: bulk lambs to packI ers 4.5004.75; throwouts. $3; fat ewes. 2.50 down. By United Press LAFAYETTE, Dec. 18.—Hogs—Market. 5 ; 15c higher: 160-225 lbs.. $4: 225-250 lbs.. S3.PO : 250-300 lbs. 03.8 o; 300-325 lbs.. $3.70: I*o-160 lbs.. $3.75; i2O lbs.. 53.60: 100-520 ihv.. $3.20; roughs. $3.25 down; top calves, $5.50; top lambs, $4.75.

Bright Spots of Business

By United Press NEW YORK, Dec. 18.—Retail trade has been lifted to the highest volume of the vear by colder weather and approach of the holiday, Bradstreets' weekly Trade Review said. DETROIT—The Motor Wheel Corporation added 300 men since Introduction of Its new ‘‘eentrifuse’* brake drum. NEW YORK—Standard Gas and Electric Company announced a preliminary construction budget of $25,015,966 for 1932. YOUNGSTOWN. O Sharon Steel Hoop Company advanced operations 15 per cent to 35 per cent of capacity. CHICAGO.—Farm improvement companies are supplying improvement In both, employment and pay rolls. MILWAUKEE. Wisconsin Telephone Company will spend $7,000,000 in 1932 on extensions, replacements and improvements. ALBANY—New York State Barge canal did a record business in 1931, 3.772.012 tons being moved, an increase of 116,555 tons over last year. OMAHA, Neb.—Nebraska Power Company reported net income for the year ended Oct. 31, was $2,692,279, compared with $2,442,163 in the preceding fiscal year. HARTFORD. Conn.—Hartford Gas Company declared an extra dividend of 25 cents a share on the $25 par stock.

Chicago Stocks By James T. Hamill St Cos. I

—Dec. 18TOTAL SALES, 250,00 SHARES High. Low. Last. Art Metal Works 2 Assoc Telephone Util .. 13 11% 13 Bendlx Aviation 17% 15'/* 17% Borg Warner 10% 9% 10% Brown Fence St W 8.. 1% Butler Bros 2% 2% 2% Castle A M 9% ... ... Cent 111 Securities 4s % % Cent Pub Ser Cl A 1% Cent St So West 5% 4 5% Chicago Yellow Cab ... 10 Cities Service 5% 5 5% Commonwealth Edison. 116% 108 115 Continental Chicago ... 2% 1% 2% Continental Chicago pfd 15% 14V* 15V* Cord Corp 7% 6% 6% Corp Securities 3% 2% 3% Electric Household .... 5 4'/* 4% Grigsby Grunow 1% 1 1% Harnischfeger 4% Houdaille Hershey A... 9% 9% 9% Houdaille Hershey 8... 32% 3 Insull Util Invest 6% 4% 5% Insull Util Inv pf 2 ser 19 14% 18 Kalamazoo Stove 6% 6 6% Kellogg Switch com ... 32% 3 Keystone Steel 6 Libby McNeil 3% 33% Lion Oil Refining C 0... 2% 2% 2% ManhattaUiPoarborn .. 4'/* 3% 4'/i Marshall Field 10% 9 7 4 10'/* Middle West Utilities.. 5% 4% 5% Midland United 6% 5 6% Missouri Kansas Pipe L 1% Muncie Gear A % Muskegon Motor Spec A 9% 9% 9'/* National Elec Pow A 9% 9 9% National Repub Inv ... 4 ... ... National Securities Inv. 1 ... ... Natl Secur Inv Ctfs.... 35 ... ... National-Standard .... 20 Noblitt-Sparks ndus Inc 14% 14 14% Perfect Circle 25% Pines Winterfront 3% 3 3 7 /s Public Service N P ...127'/* 118 127% Reliance Mfg Cos 7'/* ... ... Ross Gear 19 ... Rverson St Son 10% ... Seab Utilities Shares... 1% 1 1 Southern Union Gas... 1% Swift & Cos 18% 16% 18% Swift Internacional.... 21 19% 21 U S Gvpsum com 18 16% 18 U S Radio St Tel 10% 9V4 10% Utility & Ind 2 Utility & Ind pfd 8% 8 8% Walgreen 12 10% 12 Yates Machine 1% 1 1 Zenith Radio %

Dow-Jones Summary

New York cables opened in London at 3.4025. against 3.45%; Paris, checks 86.50; Amsterdam, 8.4375; Italy, 66.875 a.d Berlin, 14.375. City Investing Company declared a dividend of $2.50 on common stock, payable Jan. 4, of record Dec. 28; six months agoNsimilar payments were made on common stock. Philadelphia Insulated Company declared a semi-annua' dividend of 1, placing stock on $2 annual basis, payable Feb. I, of record Jar 15; six months ago a semiannual payment of $1.50 was made prior to which $5 was paid annually. Budd Wheel Company omitted quarterly dividend of 25 cents on common stock, due at this time; company declared usual extra dividend of $1.75 on cumulative participating preferred stock, payable Dec. 31, of record Dec. 28. Kansas Electric Power Company for quaiter ended Sept. 30, 1931, reports profit $134,933. after all charges, but before depreciation, against $133,023 In like 1930 period. Gross amounted to $610,327 for quarter, against $648,168 in 1930; for twelve months ended Sept. 30. 1931. profit before depreciation totaled $601,786 compared with $655,103 for preceding twelve months; gross $2,621,497 compared with $2,773,320 in preceding period. American Maize Products Company declared the regular quarterly dividend of 50 cents on common stock, payable Dec. 31, of record Dec. 24. Empire Gas and Fuel Company declared the regular monthly dividends of 66 2-3 cents on 8 per cent preferred, 58 1-3 cents on 7 per cent preferred, 54 1-6 ce s on 6% per cent preferred, and 50 cer. ;s on 6 per cent preferred, all dividends payable Feb. I of record Jan. 15. Cleveland Union Stockyards Company declared a quarterly dividend of 37% cents on common stock, payable Dec. 31 of record Dec. 21. this places the issue on a $1.50 annual basis, against $2 previously. Canadian Pacific Railway in second week of December gross amounted to $2,787.00(1 against $3,330,000 in 1930; from Jan. 1, gross was $138,602,000 against $175,341,000. Connecticut Electric Service Company in twelve months ended Nov. 30. 1931. net income $4,283,635 after interest, taxes, depreciation. subsidiaries preferred dividends, etc., against $4,185,650 in like period of last vear. Bastlan Blessing Company declared a dividend of 25 cents a share, payable Jan. 15. of record Jan. 2; in two preceding auarters company paid 50 cents a share Drior to which auarterlv dividends of 75 cents were paid. Kevstone Steel & Wire declared the regular ouarterlv dividend of $1.75 on preferred stock, pavable Jan. 15. of record Dec. 31. Directors of Chicago Flexible Shaft Company voted to omit the quarterly dividend due at thisstime; in preceding auarter company paid 15 cents a share prior to which stock was on a $1.20 annual basis. Premier Shares, Inc., declared the regular quarterly dividend of 10 cents, payable Jan. 15. of record Dec. 31. American Savings Bank of Cleveland declared the regular semi-annual dividend of $7, payable Jan. 3. of record Dec. 25. Greyhound Corporation declared the regular Quarterly dividend of $1.75 on preferred stock, payable Jan. 1. of record Dec. 22. Worcester Salt Company declared the regular quarterly dividend of $1.25 on common stock. Crude oil production of Colon Oil Corporation's subsidiaries in Venezuela, during week ended Dec. 11. was 143.870 barrels, compared with 140.846 barrels during the previous week, and 110.095 barrels during the week of Dec. 12. 1930. Daily average volume of federal reserve credit outstanding in week ended Dec. 16 was $1,906,000,000. a decrease of $26,000,000 from preceding week, but an Increase of $601,000,000 over like week of 1930. Ohio Public Service Company declared the regular monthly dividends of 58% cents on 7 per cent preferred, 50 cents on 6™ per cent prefered and 41% cents on 5 per cent prefered. all payable Feb. 1, of ecord Jan. 15. Brolers* ions reported to New Yora federal reserve banks, decreased $28,000,000 during week ended Dec. 16 to $662,000.000. anew low ; non-brokers' loans off $5,000,008 to new low of $1,653,000,000. NEW YORK COFFEE RANGE —Dec. 18— High. Low. Close. January 5.55 5.41 5.55 March 5.73 5.57 5.70 ■ \ 5.85 5.75 5.83 JUi; f 5.94 5.93 5.93 September 6.04 S.S3 6-03

GRAIN FUTURES SHOW STRONG TRADING RANGE Wheat Moves Up 2 Cents on Variety of Bullish Factors. BY HAROLD E. RAINYILLE United Press Staff Correspondent CHICAGO, Dec. 18. Wheat showed exceptional strength on the Board of Trade today and ran up gains of more than 2 cents on general buying. The change in sentiimenf was due to a variety of reports, all bullish. A large export demand for Manitobas, lack of pressure, strength in securities and evening up for the government crop report due after the close, were all factors in the upturn. Profit taking was mes, but had little effect. Com moved up with wheat and oats trailed the major grains. Close Is Strong At the close wheat was 1% to 2% cents higher, corn was % to lVi cents and oats were unchanged to s s cent higher. Provisions were easy. Liverpool maintained its firmness and closed unchanged to % pence higher, but allowing for the sharp drop in sterling this was equal to 1U to 11-2l 1 -2 cents lower. There was no pressure on the market during the morning and although profittaking was met on the rally, short covering and evening up for the government crop report offset this. Cash market was inactive. Receipts were twelve cars. Cash Corn Lower Corn was lower at the start on the warmer weather over the belt, but quickly firmed up when wheat rallied. However, the advance did not go far and at mid-sesson the market was % to % cent higher. Cash prices were 1 to 1% cents lower. Receipts were 92 cars. Oats were unchanged to cent higher at mid-morning, but held a firm undertone in sympthy with the action in the other pits. Trade was light and featureless. Cash prices were % to % cents lower. Receipts were thirty-two cars. Chicago Grain Range Dec. 18WHEAT— Prev. Open. High. Low. Close, close. Dec.. .54'/* .54% .52’/* .54% .52% Mar.. .54% .56% .54% .56% 55 May.. .56% .58% .56% .58 .56% July.. .55 .57% .54% .56% .54% CORN— Dec.. .35% .37 .35 .36% .35% Mar.. .39 .4048 .38% .40% .39% May.. .40% .42% .40% .41% .40% July.. .41% .43% .41% .43'% .42 OATS— Dec.. ,24V* .24% .24'% .24% .24% May.. .25% .26% .25% .26% .25% July.. .25% .26 .25% .25% .25% RYE— Dec.. .40% .42 .40'% .41% .40'% May.. .44% .47% .44% .46% .44% July.. .4444 .46% .44% .46% ,44% LARD— Dec.. 5.60 5.62 5.60 5.60 5.65 Jan.. 5.47 5.52 5.47 5.47 5.50 Mar... 5.65 5.60 5.60 5760 5 60 May.. 5.72 5.75 5.70 5.72 5.72 BELLIES— Jan 5.65 5.75 May 5.95 5.97 By Times Special CHICAGO. Dec. 18.—Wheat. 6; corn, 99; oats, 23; rye. 2, and barley, 21. By Times Special CHICAGO, Dec. 18.—Primary receipts— Wheat, 495,000, against 1,069,000; corn. 366,000, against 1,213.000; oats, 118,000 against 233,000. Shipments—Wheat, 422,000, against 377,000: corn 136,000, against 452,000; oats, 123,000. against 167,000. By United Press TOLEDO, Dec. 18.—Elevaotr prices: Wheat—No. 2 red, 61 %®62Vic. Corn No. 2 yellow, 41%@42%c. Oats—No. 2 white, 29030 c. Rye—No. 2. 53c. Grain on track, 28%c rate. Wheat—No. 2 red. 56% 057 c; No. 1 red lc premium. Corn—No. 2 yellow. 36%®37%c; No. 3 yellow, 35036 c. Oats—No. 2 white, 26@27%c; No. 3 white, 250 26%c. Clover prime. $8.50; February. $8.75; March. $9. Alsyke—Cash. $8.50; February. $8.75: March. $8.85. Butter— Fancy creamery, 32®33c. Eggs—Current receipts. 20023 c. Hay—Timothy, per cwt., sl.

Cash Grain

—Dec. 18— Tlie bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41%c New York rate, were: Wheat—Strong; No. 1 red. 500 51c; No. 2 red. 49®50c; No. 2 hard. 49 0 50c. Corn—Steady; No. 3 white. 29030 c; No. 4 white. 280 29c; No. 3 vellow, 27V*® 28%c; No. 4 yellow'. 26%@27%c; No. 3 mixed. 26%027%c; No. 4 mixed, 25'/*® 26 %c. Oats—Steady: No. 3 white. 22% 0 23%c; No. 3 white. 21%®22%c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) No. 1 timothy, [email protected]; No. 2 timothy. $6 06.50. —lnspections Wheat—No. 2 red. 6 cars. Total, 6 cars. Corn (new) —No. 3 white, 1 car; No. 4 white. 3 cars; No. 3 yellow', 25 cars; No. 4 yellow, 24 cars; No. 3 mixed. 2 cars; No. 4 mixed. 2 cars. Total, 57 cars. Oats—No. 2 white. 4 cars: No. 3 white, 7 cars; No. 4 white, 5 cars. Total, 16 cars. RAW SUGAR PRICES —Dec. 18— High. Low. Close. January 1.03 1.00 1.00 March 1 07 1.05 1.05 Mav 113 1.10 1.11 July 1.17 1.16 1.16 September 1.23 1.21 1.21 December 1.03 1.00 1.01.

Diamond Rings V 2 Price $65.00 50 Values OLt $85.00 $y10.50 Values TT-—-$150.00 $74.50 Values Loose Diamonds $375.00 s9fiC* 00 Values fciUJ $775.00 SIQR- 50 Watches All % OFF Jewelry Every Price Reduced P. E. SMITH 322 State Life Bid?. OFKN EVENINGS

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_DEC. 19, 1931'

GOVERNMENT; Congress of the U. 8. Judicial System of U. 8. Postal Service, the U. S. Presidency President’s Cabinet White House HEALTH AND BEAUT!* Care of the Feet Care of the Hair Care of the Skin Care of the Teeth First Aid for Vacationist* Increasing Your Weight Keeping Youth and Beauty Marriage and Happiness Perfumes and Cosmetic* Personality and Charm Prenatal Care Reducing Parts of the Body Reducing Your Weight Swimming HISTORY: American Airmen in World War American Wars Census of 1930 Constitution, History of U. B. Countries of Europe Famous Assassinations Famous Buildings Flag, History of the U. •. Genealogy History of Marriage How the U. S. Grew Marine Disasters Names, Indian Names, Meanings of Given National Anthems Origins of Etiquette Political Party Convention Presidential inaugurations States of the Union Stock Market Surnames, Meanings of Values of Old Coins Words That Made History World War. Part 1. World War, Part II HOME ECONOMICS: Automobile Camping Budgeting Household Accounts Care of the Family Auto Care of Clothing Earning Extra Money Embroidery Stitches Floors, Care of Furniture, Refinishing and Care of Home Conveniences Home Financing Household Hints Household Measurements Interior Decorating Laundering Investment Advice How to Own Your Home Lampshades, How to Make Painting Around the Home Plumbing Repairs In the Home Polishes of All Kind* Safety for the Household Stains, Removal of Waterproofing Cellars Whitewash LAWS: Auto Laws of the D. S, Citizenship and Naturalization Copyrights and Trade Marks Immigration Laws Marriage Laws of the States Patents, How to Obtain MYTHS, PDZHiES, OCCULTISM: Dream*, Meanings Os Fact and Fancy Flowers, Meaning* of Fortune Telling by Cards Gems and Precious Stones Horoscopes for a Yew Mathematical Puzzle* Mythology Palmistry Puzzling Scientific Fats Superstitions and Delusion* PESTS: Ants, Exterminating Bedbugs Cockroaches Moths and Their Control Rats, Exterminating SCIENCE AND AVIATION: Airships rnd Dirigible* Amateur Photography Astronomy, Popular Batteries Electricity Evolution, Pro and Con Gliders Great Inventions How to Become as Aviator Largest and Smallest Things Polar Explorations Psychoanalysis Simplified Radio Development Seven Modern Wonder* Story of the Zeppelins Story of Motion Pictures Weather and Climate