Indianapolis Times, Volume 43, Number 194, Indianapolis, Marion County, 23 December 1931 — Page 16

PAGE 16

STOCK SHARES SELL DOWN IN DULL SESSION 111 Sections of List Weak as Sales Pressure Is Uncovered. Average Stock Prices Average of thirty Industrials for Tues- - 7 , 9 A 5; up Avera of twenty rails 3B 24 up .50. Average of twenty Utilities 32 48. up .62. Average of forty hoods 77.14, up .66. By ELMER C. WALZER United Press Financial Editor NEW YORK, Dec. 23.—Scattered celling uncovered a lack of important support in the stock market today and the market lost all its gains of the preceding session. Auburn, which let* the upturn Tuesday with a 9% point advance, dropped half dozen points, and setbacks occurred in other leaders such as United States Steel, General Motors, American Can and Westinghouse Electric. Special selling, converged on National Cash Register Class A stock, which broke a point to 7% on a sale of 10,900 shares following another suspension of dividend payments. RKO Is Soft Spot A quarterly payment of 37 x h cents a share was made in the last quarter. A total of 1,100,000 shares of the stock were offered to the public at SSO a share by Dillon, Read & Cos. In January, 1926. Both Trans-America and Contimental Shares, Inc., were traded at their record low prices of $2 and 50 cents a share, respectively. General Motors slumped on heavy dealings and Pennsylvania Railroad was forced to absorb consideratble selling of a tax-loss nature. Radio-Keith-Orphcum was another §oft spot, absorbing rather heavy selling at 75 cents a share. Tobaccos were weak, as new rumors were heard of imposition of state levies on cigarets. Leaders Meet Support Many states have watched the success of the state of Ohio in collecting a 2-cent levy on each package of twenty cigarets and are anxious to impose similar tariffs. This, notwithstanding the fact that the federal government already collects 6 cents a package of twenty cigarets. Trading proceeded at a desultory pace through the first two hours of trading. Leaders like Steel, American Can and General Electric generally met support on recessions of a point each, but failed to display rallying power worthy of note. Turnover in the first hour and a half approximated 700,000 shares against the same volume in the corresponding period of Tuesday.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 23 Cleavings $2,133,000.00 Debits 6.603,000.00 TREASURY STATEMENT —Dec. 23Net balance for Dec. 21 $630,868,265.92 Expenditures 20,231,177.31 Customs rects. mo. to date. 18.449.023.36 New York Bank Stocks ißy Thomson & McKinnon) —Dec. 22Bid. Ask. Bankers 60% 62% Brooklyn Trust 165 175 Central Hanover 132 136 Chase National 30% 32% Chatham Phoenix Natl.... 18Vi 20'/4 Chemical 29% 31% City National 40%, 42% Corn Exchange 65 68 Commercial 138 146 Continental 14 16 Empire 22% 24% First. National 1,960 2,060 Guaranty 265 270 Irving 17% 18% Manhattan <fc Cos 30% 32% Manufacturers 30% 32 New York Trust 76% 79% Public 20 22 Net Changes By United Press ' NEW YORK, Dec. 22.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Close. Up. Allied Chemical 70% 1% American Can 64 1% American Smelting 21% 1% American Tolephone ...........118% 2'% Auburn Ex-dlvidend 141 9% Case 44 1% Chrysler 13% % Consolidated Gas 62% 1 Du Pont 56% 1% Electric Power 12 % General Electric 25% % General Motors 23% % International Telephone 8% % Loew s Inc 37% % Montgomery Ward 7% % N Y Central 31% % North American * 34% 1% Paramount 6% % Pennsylvania 20% % Public Service 55 1% Radio 6 % Radio-Keith, unchanged T 4 Sears Roebuck 34% 1% Standard Gas 29% 1% Stand Oil N J 26% % Texas Corp. unchanged 11% Union Carbide 31% % V S Steel 40% 1% Westinghouse El 28% % Woolworth 39% Vi New York Curb Market I (By Thomson & McKinnon) ' —Dec. 23 11:00| 11:00 Alum Cos of Am 59 jlnd Terr A 4% Am Cvnamid... 3 Insull Ut 6 Am Gas & Elec 38 ]lnt Pet 9 Am Lt Trac. 23 Mead Johnson... 48% Am Sup Pwr.. 3% Midwest Ut .... 6% Ark Gas A 2%,M0 Kan Pipe... 1% Ass Gas & 31ec 4% Nat Inves 1% Braz Pwr & Lt S'* Nia Hud Pwr 6% Can Marc 1 iPenroad 2% Cent Sts Elec.. l%|St Reels Paper.. 3% Cities Serv .... 5% Salt Creek 3% Cons Gas of Bt 62 ;Sel Indus 7 * Cord 7Vi j Shenandoah .... 1% Elec Bnd * Sh 10% So Penn Oil ... 10 Gen Avia 3% Std of Ind .... 14% Ford of Can... BVStd of Ohio 24% Ford of Eng... 4 3 JlUn Gas A 1% Goldman Sachs. 2VcUn Lt & Pwr... 6% Gulf Oil 28 Ut Pwr B 2% Imp Oil of Can 8 I United Fndrs... 1% Chicago Stocks Opening (Bv James T. Hamill Ac Cto.t —Dec. 23 Bendix Avia.... 18% Gt Lks Arcft.. 1 Cent Pu Serv Al% Insull tom ..... 6% Cont Chi com.. l% ! lnsul 6's '40... 31% Cont Chi Pfd.. 15%;L'b McNeil prod 4 Comm Edison ..118% Mid United com 5% Cheo Sec 3 ISwift A- C 0... 17% Grigsby Grunow I%:U S Rad & Tel. 10 Gone, but Not Forgotten Automobiles renorted to police as stolen belong to: Edwsrd Lawrence. R. R. 9. Box 526. Arlington avenue and Fourteenth street. Ford sedan. 59-006. from New Jersey and Ohio •treats. BACK HOME AGAIN Stolen automobiles recovered bv police belong to: New York Automobile Parts Company. 915 North Capitol avenue, Bulck sedan, found at Twenty-eighth and Pennsylvania streets. Dr. Julias Tinder. 4466 Washington boulevard. Ford coupe, found at 1117 East St. Clair street.

New York Stocks IBs Thomson Ac McKinnon 1

—Dec. 23 Prev. Railroad*— High. Low, 11:00. close. Atchison M% *7%, *7% 88‘/a Atl Coast Line 32' 31% Balt Ac 0hi0.... 17% 17% 17% 18% Chesa & Ohio., 28% 28% 28% 28% Chesa Corp 17% 17% 17% 17% Chi N West 6% 6% 6% 6% C R I Ac P 9% DeltiW 18% 19’a 19% 19% Del Ac Hudson 78% Erie 6% Erie Ist pfd.... 8% 8 8 8% Great Northern 20% Gulf Mob & O 6 Illinois Central. 11% 11 11 11% Kan City So 8% Lou Ac Nash 25% 25% Minn S L % M K * T 5 fi Mo Pacific 8% 8% Mo Pacific pfd 17 N Y Central.... 31% 30% 31% 31% Nickel Plate 8 NY NH & H 23% Nor Pacific 18% Norfolk ii West 120 O Ac W TV* Pere Marq 8% 6% 6% 6% Pennsylvania 20% 19% 19% 20% So Pacific 32 % 31% 31% 32% Southern Ry ... 8 7% 7% BVi St. Paul 2 2 St Paul pfd 2% 2% 2% 3 3t L & 8 P ... 4 4 Union Pacific .. 79'/ 78% 78% 80 Wabash '. ... 1% W Maryland ... 6% 6 6 8% Equipments— Am Car Ac Fdy 5% 5% Am Locomotive 5% 6 Am Steel Fd ... 6% 8% 6% 6% Am Air Brake S l4‘/2 14% Gen Am Tank 30 General Elec ... 25% 25 25 25% Gen Ry Signal.. 27 26% 26% 27 N Y Air Brake 5% 6% Press Stl Car 1% Pullman 16% 16% 16% 16% Westingh Ar B 14 Westingh Elec. 28% 27% 27% 28% Rubbers— Firestone 13% 13 Fisk '/ >4 Goodrich 4 3% 4 3% Goodyear 18% 15% 15% 16% Kelly Sprgfid 1% U 8 Rubber 4 4 Motors— Auburn 140% 138% 138% 141 Chrysler 133/. Graham Paige 33 ;4 General Motors.. 23% 23% 23% 23% Hudson 10% 10% 10% 11'/, Hupp 4% 4% 4% 4'/, Mack 12% 12'/, 12'/, 13 Marmon \\u Nash 15% 15% i5% 15V, Packard 4% 4 4 4 Reo ~ . 33/ Studebaker 'jj 111^ Yellow Truck 3% Motor Access— Am Bosch 51/. Bendix Aviation. 18% 17% i7% 18 Borg Warner ... 10 9% 10 10% 5 r1 .?? s .v • • 8 7% 8 8 Buda Wheei ... 32% CampbeU Wy 6% * Eaton “fi'i El Storage B ' 26 Hayes Body ’" u; Houda ... 07/. * Motor Wheel .... ... ' 'is.' Sparks W 0% o% Stewart Warner 51/- 51* Timkin Roll 18% 18'% 18% 19% Minin*— Am Metals , cv Am Ihic* 121 21 * * Anaconda Cop .. ii% ii 'ij n {? Cal Ac Hecla ... 3.3/ 37“ Cal Ac Ariz i.v" Cerro de Pasco.. 14% i4'/ t *i4% Dome Mines . /a "ns/, Freeport Texas ’i6% las? Granby Corp,.. 7% 6% %% V Great Nor Ore.. .. ... ‘ 11 Howe Sound *" it 3/. Int Nickel 8% 8 8 8 Kennecott Cop.. 12% 11% 11% 12 Magma Cop 0 a Miami Copper 33/. Nev Cons 6 5% 5% “554 Texas Gul Sul.. 23 22% 22% 224 US Smelt 17% 17 * 17 * 17% Alaska Jun.... 12% 12% 12% 12% Oils— Amerada 131/, Am Republic 11? Atl Refining 9% 9% '9l/ 0% Barnsdall .. 4% 43! Houston 3% 3% 3% Ohio Oil 5% 5V* Ul 5% Mex Sbd 6% 6% Mid Conti 51/: 5.J Pan-Amer (Bi ' igs? Phillips 4% 4% 4% “% Pr Oil Ac Gas ... ... 5 a Pure Oil 4 3% 3% 4 Royal Dutch 137.4 133/. Shell Un 3% 3% 3% 3% 3imms Pt 4% Sinclair 4% 4% 4% 4% 3kellv 2% 2% Standard of Cal.. 25 23% 24' 24% Standard of NJ 27 26% 27 26% 3oc Vac 9% 9V, 9% 9% rexas Cos 11% 11% 11% n% Union Oil 12% Steels— Am Roll Mills... 8% 'B% 8% 8% Bethlehem .... 20% 19% 20% 20% Byers AM £ ... 15% 13% Colo Fuel ... 714 7'/ g Cruc Steel 24 22% 24 ' 22% Inland 22' Ludlum 5 McKeesport Tin 50% 50% 50% 51% Repub I Ac S -4% 4% U S Steel 40V, 39>/ 39% 40% Vanadium 13% 1357 Youngst S & W 8% 8 8 Tobaccos— Am Tob A (new) 67 66% 66% 68 Am Tob B (new) 69 66 67 69'v Con Cigars 22% General Cigar 29% Lift * Myers B. 46% 46V, 46'/, '47 horUlard ....... 13% 12% 12% 13% Reynolds Tob ... 33'% 33% 33% 33% Tob Pr (A) 7 Tob Pr (B) '2% 2% Utilities— 8 ‘ 4 ’ B Abitibi .. ... 2% 2% Adams Exp 4% 4% 4% 4% Am For Pwr.... 8% 7% 7% s' Atu Pwr & Li., 14% 14V, 14% 14% A T Ac T 118 116% 116% 118% Col Gas & E 1... 13% 13% 13'A 13% Com & Sou 3% 3% 3% 3% El Pwr Ac LI 12 11% 11% 12 Gen Gas (A) ... 2 Inti T Ac T 9% 8% 8% 8% Natl Pwr Ac Li.. 14% 14 14 14% No Amer C 0.... 34% 33% 33% 34% Pac Gas Ac El.. .. ... ... 34 Pub Serv N J . 55% 54'% 54% 55 go CalEdlson 30% 297', Std G& El 28% 29 % United Corp.... 9’/, 8% 9 9'/, Ut Pwr <te L A. . 9% 9 9% 9 West Union .... 44% 43% 44% 44% ShtpDin*— Am Intldorp 5% N Y Ship 4 No Gm L10vd.... .. ... ... 414 United Fruit 22% 23% Foods— Am Sugar ... 39 39% Armour A.. % % Beechnut Pkg 38% Cal Pk? 8% 8% 8% 8% Can D r y 11% u n% n ./ 2 Childs Cos 6% 6% Coca Cola 109 109 Cont Baking A 534 Corn Prod 41'A 41'/, 41'A 41'% Crm Wheat 23 Vs Cudahy Pkg 30'A Cuban Am Sug i'/ 2 Gen Foods 32% 32% 32% 32% Grand Union .. 77, 7% 7% 7% Henshev 81’A 81 81 81 Jewel Tea ... ... 39% Kroger 14% 14% 14% 14% Nat. Biscuit 40% 40% Pillsbury 21'A 21 'A Purity Bak 12% 12 12 12*4 Safeway St 45% 45 45 45% Std Brands 12% 12% 12'% 12% Drugs— Coty Inc 3% 3% 3% 3 Lambert Cos ... ... 511/. Industrials— Am Radiator ... 6% 6’A 6% rs.Bush Term jg Gen Asphalt n% 117/ot . lß Elev 20 19 20 20 Indus Chems— Anted Chem ... 71% 68% 89'% 70'/, Com Solv B'A 774 8% 8 Union Carb .... 31% 30% 31 31% U S Ind Alco 28% 27% 27% 28% Retail Stores— 8 Assoc Drv Gds.. 6% 6% 6% 6% Glmbel Bros ... 2% 2’, 2% 2% Kresge_ 8 S 16% 16% 16V, 16’, Mav D Store.. 16% 16% 16% 13% Mont Ward ... 77% 7% 71 1 Penny J C 28 27% 28 277, Schulte Ret St 4 4 s Sears Roe .... 34 337; 34 34 v, Woolworth ... 40 3 % 39 5 , 39% 39% Amusements— Bruns Balke 2 5 4 2% Col Graph ! ... 2% Eastman Kod,. 84% 84 84 83% Fox Film A ... 3% 33% 3

TARIFFS ON COPPER, OIL TO BE SOUGHT

Moves Are Scheduled in Congress After Holiday Recess. By Scripps-Hou-ard Keicspaper Alliance WASHINGTON, Dec. 23.—Concerted moves to obtain tariffs on oil and copper will be made in congress immediately after the holiday recess. Basing their calculations on reports on these two commodities made Tuesday by the United States tariff commission, bills will be Introduced lr the house calling for duties of probably $1 per barrel on crude. petroleum and about 3 cents per pound on copper. After months of study, the tariff commission, acting under a house resolution, reported that lt costs $1.03 more per barrel to produce domestic crude than it does in the Lake Maracaibo region of Venezuela, chief source of competition, with the cost of transportation to American porta included.

lOrlsby Oru 1 Loews Inc ... 27% 27% Param Fam ... 6*A 6% 6% 6 s , Radio Corn .... 6% 5% 6 6 R-K-O % Warner Bros 2% 2 3 , Miscellaneous— City Ice Ac Fu 25% 26% Congoleum 8% 8% Ain Can 64 62% 63% 64 Cont Can 35% 34% 34% 35% Curtiss Wr 1% 1% Gillette 8 R 11% 11% 11% 11% Real Silk 2% 2% 2% 2% Un Arcft 11% 11% 11% 11% Int Harv 25% 25 25 25% J I Case 43% 43% 43% 44 PUBLIC SCHOOLS GIVING HELP TO MORE CHILDREN Social Service Data Shows 3 Per Cent Increase in Aid Work. Social service department of the Indianapolis public schools announced today that up to Dec. 1, a total of 2,568 needy children in public schools had been given aid, that 260 pupils had been enabled to continue high school work through scholarships, and that scholarships were helping thirtyfive college students. For the same period in 1930, the social service department aided 1,911 children, making this year’s figures 1 show an increase of 657 children, a ;34 per cent gain. In 1929, 1,460 | children were aided. This year’s figures reveal a gain of 76 per cent over 1929. The department announced that this year $15,153 has been spent for aiding children, compared with $12,292 in 1930, and $9,806 in 1929. The funds are provided by the township and administered by the schools system, which has a corps of seventeen trained “visitors.” The chools "milk fund” figures, also announced today, reveal that more than 2,400 children, up to Dec. 18, were receiving milk and crackers daily and that the number is increasing wekly. Thus far this year 85,119 bottles of milk with a share of crackers with each have been distributed. Produce Markets Eggs (country run)—Loss off delivered In Indianapolis, 22c; henery quality No. 1, 25c- No. 2 15c Poultry '(buying prices)—Hens weighing 5 lbs. or over. 14c: under 5 lbs.. 13c: Leghorn hens, 10c; broilers, full feathered, 3% 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 top aualitv quoted by Kingan Ac Cos Butter (wholesale)—No. 1. 30@31c: No. 2. 28©29c. Butterfat—2Bc. Cheese (wholesale selling price per pound)—American loaf, 23%c; pimento loaf, 25 3 / 4 c; Wisconsin firsts, 19c; Longhorns, 19c; New York liberger, 30c. By United Press CHICAGO, Dec. 23.—Eggs—Market unsettled; receipts 1,733 cases; extra firsts, 29c; firsts, 27@28c; current receipts, 21® 25c; seconds, 12@15c; butter market, unsettled; receipts, 7,900 tubs; extras, 29%c; extra firsts, 27%@28c; firsts 24©25c; seconds. 23@23%c; standards. 25c. Poultry —Receipts, 1 car market, unsettled; fowls, 13@16c; springers, 17c; Leghorns, 10c; ducks, 16@19c; geese, 15c; turkeys, 20@ 28c; roosters, 10c. Cheese twins, 13@13%c; Young Americas, 13%@13 3 / 4 c. Potatoes— On track. 202: arrivals, 40; shipments. 360; market about steady; Wisconsin Round Whites, 70@80c; Idaho Russets, $1.45@160; Nebraska Triumphs, [email protected]; Colorado McClures, $1.30®1.40. By United Press NEW YORK, Dec. 23.—Potatoes—Market, quiet; Long Island, [email protected] barrel: Idaho, [email protected] sack; Bermuda, ss@slo barrel; maine, [email protected] barrel; Canadia $1.40-1.50 barrel. Sweet Potatoes—Market, steady; Jersey baskets, [email protected]; Southern baskets, 50@65c. Flour—Market, steady; spring patents. [email protected]. PorkMarket, steady. Mess—sl7,7s7 Lard—Market. • quiet. Middle West spot—Bsc@s9c. Tallow—Market, steady; special to extra, 3%@3%c. Dressed Poultry—Market, quiet; turkeys. 21@32c; chickens, 14@33c; capons 20@38c; fowls, 10@23c; ducks, 13@20cLong Island duks, 19c. Live Poultrymarket. weak; geese, 18®23c; ducks, 18© 25c; fowls, 12@18c; turkeys, 15@30c: roosters, 10@llc; chickens, 12®19c: broilers, 12@20c; capons. 24025 c. CheeseMarket, inactive; state whole milk fancy @lsc eC ft l 13,/i ®^ Bc: Youn S America, 14% By United Press CINCINNATI, 0., Dec. 23. Butter, steady; creamery in tub lots according to scora 23@27c; common score discounted, 2 @ 3 ?: jacking stock No. 1. 20c; No. 2 15c; No. 3, 8@10c; butter fat, 22@24c. Eggs —lower; cases included; extra firsts, 26c; 94o tS T?^ c ?f ncls ’ ~, lc: nearby ungraded, cfn'o Poultry—Thin and coarse stock sells only at heavy discount. Fowls 5 lbs. and over, 14c; 4 lbs. and over, 13c: 3 lbs. ?J and ° v er, 12c: Leghorns 3 lbs. and over. 1J C .L broilers colored 1 lb. and over, 15c, 1% lbs. and over, 15c; 2 lbs. and ryers. 3 lbs. and over. 15c: partly feathered, 10c: Leghorn broilers, i l t) ' 1 , a „ nd o ° i Y er ' 15 C -1% lbs. and over, 15c: 2 lbs. and over, 12c; Leghorn stags. 10cblack springers. 10c: roasting chickens 4 atSihoroi 0 18c - : ducfcs under 3 lbs. sell at libera! concessions; ducks white, 4 lbs and over 15c; under 4 lbs. 12c: ccolred 4 lbs. arid over. 13c; under 4 lbs. 10c iv?- on ?. 8 and , over - 25c : under 8 lbs. T,I^ sl o OS ;v. 15c: guineas, 10c; turkevs No. 1 Nn 'i BinbS,Aand 8 in bS ,A and S ver - 28c: y oun g Toms, £ o ' *• i° lbs - and ove r. 25c; No. 1 old Toms, 20c: young Toms over 15 lbs., 20ccrooked breaste<£ 15c; No. 2,15 c: hen ihl k ?i 8 , lbs - and Toms under 10 lbs. sell at liberal concessions. By United Press De o C o 23 '—Butter—Extras, dards - 29c: market, unsettled. Eggs—Extras. 27c, firsts. 25c: market Min a i V -i4 p °omtrv-Heavv fowls. 16?; medium. 14c; leghorn, lie: broilers. 16©18eleghorn broilers, 10©llc; ducks. 15©20c §o^. cocks ( Toc: geese. 13c: voung turkevs. 29c. market, firm. Potatoes—Mostly. 50c few best 55c per bushel sack: Maine Green Mt., s!© 1.15 per 150-lb. sack: Idaho Russet mostly $2: few best. [email protected]. In the Air Weather conditions at 9 a. m.: Southwest wind, 10 miles an hour; temperature, 51; barometric pressure, 29.89 at sea level; ceiling, overcast, 800 feet; visibility, 8 mlies; [field, fair. *

Taking into consideration the average cost of crude production in all foreign countries, the Lake Maracaibo region included, the American cost is 75 cents a barrel higher. The average cost of domestic production for the four-year period 1927-1930 is shown to have been $1.90 per barrel. There is virtual unanimity among members of both parties from the oil-producing states in favor of a tariff. The report on copper shows that average foreign cost is 1.42 cents per pound less than average cost in the United States. The difference, says the report, is almost wholly due to the higher cost of mining here. However, in Arizona, it is stated, it costs 2.65 cents per pound more to mine copper than in Spain and Latin America, while in Michigan the cost is 3.28 cents per pound higher. 'Diree Democrats are leading the agitation for a copper tariff, Senators Ashrust and Hayden and Representative Douglas, all from Arizona. Both oil and copper are on the free list now.

THE INDIANAPOLIS TIMES

SWINE MARKET SELLS OFF ON WEAKJMAND Improved Action Noted in Cattle; ;Sheep Trend Steady. Swine slumped slightly this morning at the city yards, prices dipping 10 to 15 cents under Tuesday’s best figures. The bulk, 100 to 325 pounds, sold for $4.10 to $4.50; early top holding at $4.50. Receipts were estimated at. 5,500; holdovers were 129. In the cattle market Improved action was noted on air slaughter classes. Receipts were 400. Vealers were 50 cents higher, the bulk selling at $7 down. Calf receipts numbered 400. Lambs generally were steady, selling at $5.75 down. Top price paid was $6. Receipts were 700. A few early bids on hogs at Chicago were steady to strong with Tuesday’s average; 180 to 220 pounds bid $4.25 to $4.35; best held upward to $4.40 or above. Receipts were 23,000, including 6,000 direct. Holdovers were 7,000. Cattle receipts 5,000; calves 2,000; strong. Sheep receipts 10,000; 25 cents higher. HOGS Dec. Bulk. Early Top. Receipts. 17. $4.00© 4.20 $4.20 6,000 18. 4.10© 4.35 4.35 4,500 19. 4.00© 4.20 4.20 4 000 21. 4.10(8 4.45 4.45 6 000 22. 4.25© 4.60 4.60 • 5,500 23. 4.10© 4.50 4.50 5.500 Receipts, 5,500; market, lo ver. (140-160) Good and choice....s 4.35 „ —Light Lights—-(l6o-180) Good and choice.... 4.50 —Light Weights—-(lßo-200) Good and choice.... 4.50 (200-220) Medium and g00d... 4.40 —Medium Weights—-(22o-250) Good and choice... 4.35© 440 (250-290) Medium and g00d... 4.20& 425 —Heavy Weights—-(29o-350) Good and choice.... 4.00® 4.20 —Packing Sows— M edium and g00d... 3.25® 3.85 (100-130) Slaughter pigs 4.00® 4.15 CATTLE (SLAUGHTER CLASS) Receipts, 400; market, steady, —Steers— Good and choice $ [email protected] Common and medium 3.00(54, 5 50 „ J (1,100-1.500) Good and choice [email protected] Common and medium 4.00@ 5.75 --Hcifers^— „ J J (500-850) Good and choice 5.50® 8.50 Common and medium 3.00® 5.50 —Cows— Good and choice 3.25® 4.25 Medium . 2.50® 3.25 Cull and Common 1.50© 2.50 _ . —Bulls (yearlings excluded)— Good and choice beefs 2.75© 4.00 Cutter, common and medium.. 2.00® 275 CALVES AND VEALERS Receipts, 400; market, higher. —Vealers— Good and choice $ 6.50® 7.00 Medium 4.50® 6.50 Cull and common 2.50® 4.50 —Calves— Good and choice 4.00® 6.00 common and medium 2.00® 4.00 —Stockers and Feeder Steers— Good aud choice 4 25@ 5 75 Common and medium _ J J (800-1,500) Good and choice 4.25® 5.75 SHEEP AND LAMBS Receipts, 700; market, steady. Good and choice $ 5.50® 6.00 Common and Medium 3.00® 550 Ewes, medium and choice.... 1.25® 225 Cull and common 50® 1.25

Other Livestock By United Press CHICAGO, Dec. 23.—Hogs—Receints 23 - 000: including 6.000 direct; steady with Tuesday s average; bulk 170-230 lbs.. $4.20 &n 3 i°fiW me' S A?- 5 i °-a 0 lbs - $4.156.4,20; 140-160 lbs., $464.25; pigs, $3,506:4; packing sows. 53.50te3.75: light lights. 140-160 lbs ". J5 00c i and choice, $46,4.25; light veo ght lbs. good and choice; weights. 200-250 ibs., 9sn d 3sn lt m cholce ' J 4 heavy weights. 250-350 lbs., good and choice. $4.0504.25; packing sows. 275-500 lbs., medium and good, 53.506*3.75; slaughter pigs. 100-130 lbs., good and choice. $3,506)4. CattleReceipts. 5,000; calves, 2,000; general market, fairly active, strong to 25c higher; weighty steers and light butcher and vearling heifers up most; clearance fairly good: top. $11.25 on long yearlings. sll on weighty steers; bulk. $5.506.9. Slaughter cattle and vealers—Steers. 600-900 lbs. good and choice. $7.25@11; 900-1100 lbs. good and choice. [email protected]: 1100-1300 lbs good and choice. $7,506)11.75; 1300-1500 & ood and choice. $7.75 @11.75; 6001300 lbs., common and medium. $3.50@8: 550-850 .bs., good and choice, $5.25 @7.75; common and medium. [email protected]: cows, good and choice, [email protected]; common and medium. $2.75(23.25; low cutter and [email protected]; bulls, yearlings, excluded. good and choice beef. $3.60(24.25; cutter to medium. $2,506)3.75; vealers. milk fed, good and choice. [email protected]; medium. $4.50@6; cull and common. '53(24.50. Stocker and feeder cattle—Steers. 500-1050 ibs., good and choice. [email protected]: common and medium, [email protected]. Sheep—Receipts. 10.000; fairly active, mostly steady with Tuesday’s average bbetter grade lambs. $5(25.50 to packers: few loads. $5.75 to outsiders; best held higher; fat ewes, mostly s2® 2.t0. Slaughter sheep and lambs—Lambs. 90 lbs. down, good and choice. [email protected]; medium. s4@s; all weights, common. $3.25@4; ewes. 90-150 lbs., medium to choice, [email protected]; all weights, cull and common, [email protected]. Feeding lambs—Feeding lambs. 50-75 lbs., good and choice. [email protected], By United Press CINCINNATL 0.. Dec. 23.—Hop's—Receipts. 1.700; market, unevenly steady, clear grade. 160-240 lbs.. [email protected]: mostly $4.65 on around 225 lbs. down; heavier weights very uneven; 265 to 295 lbs. downward to $4.25: 120-15 Olbs.. $4 to mostly $4.25: sows, steady to weak. $3.25(23.60. Cattle—Receipts. 500: calves. 400: generally steady: common and medium steers and heifers. [email protected]; one load yearling heifers. $5.75; a few up to $6.25; beef cows. S3 <23.50: low cutters and cutters. $1.50®2.75; practical top bulls. $3.75: vealers. closing steady to 50c higher; better grades. s6®7; lower grades, 55.50 down. Sheep—Receipts, 400: Steady: better grade lambs. $5.50(26; common and medium largely s4@s: aged ewes. $1.50. By Times Special LOUISVILLE. Dec. 23.—Hogs—Receipts. 350; 10c lower: 175-240 lbs.. $4.45; 240-300 lbs.. $4.15: 300 lbs. up. $3.55: 175 lbs. down. $4.05; packing sows. [email protected]: stags. $2.30. Cattle—Receipts. 200: steadv; beef steers and heifers auoted $4.5065.50; slaughter cows and bulls. $3.50 down; stockers and feeders. s3@s. Calves—Receipts. 150: best vealers. 50c higher: extreme top. $6: mostly $5.50 down. Sheep and lambs—Receipts. 100; steadv; best fat lambs, $5.50: buck lambs. $4.50: throwouts, $3 down; fat ewes. $2 down. Tuesday’s shipments—Cattle. 35; calves. 105; no hogs, or sheep. By United Press FT. WAYNE. Dec. 23.—Hogs—Market, 56 10c lower; 100-140 lbs., $4; 140-160 lbs., $4.15; 160-200 lbs., $4.30; 200-225 lbs., $4.20; 225-250 lbs., $4.10; 250-275 lbs., $4: 275-350 lbs., $3.85: rougsh, $3.25; stags, $2; calves, $6.50; lambs,' $5. By United Press EAST BUFFALO. N. Y„ Dec. 23—Hogs —On sale, 1.500; trade somewhat spotty but about steady: sorted. 170-200 lbs., 54.85®5: mixed lots. $4.7064.80; 130-160 lbs., $4.50(25.75; 230-245 lbs., $4.65; few 300 lbs., $4.35. Cattle —Receipts. 350: nothing done on steers: cows about steady; cutter grades, $1.2562.50. Calves—Receipts. 100: vealers active. 50c higher; good to choice, $7.50 to mostly $8; common and medium. $4(26. Sheep—Receipts, 200: lambs, quality very plain; few common and medium kinds straight, at $5; inferior throwouts, $3.50, By United Press , CLEVELAND, Dec. 23.—Hogs—Receipts. 17.000; holdover none; steadv to 5c lower; 160-230 lbs., $4.75; 240-300 lbs.. $4.35; light lights and pigs. $4.106.4.25. Cattle —Receipts. 150: strong to 25c or more higher; common to medium steers eligible $4.50® 5.50: or above predominating; low cutter to common cows, $1.506 3. Calves—Receipts. 250; active: steady to 50c higher: advance led bv better grades at [email protected]: medium. $6.50; culls downward to $4 and under. Sheep—Receipts. 900; lambs strong: good to choice, $5.50@6; throwouts and heavies, $4 @5, By United Press EAST ST. OUIS, Dec. 23—Hogs—Receipts. 6,500; market, uneven: steady to 15c higher; top $4.60- most 150-210 lbs., $4.40® 4.55; 210-290 lbs.. [email protected]; 100140 lbs., [email protected]; cows, [email protected]. Cattle—Receipts. 1,400; calves, receipts. 600: market, largely a steer run, early trade on this class strong to 25c higher, $5.25® 7.25. Mixed yearlings and heifers, and cows mostly steadv; bulls unchanged: vealers, 50c higher at $7.50. Mixed vearlings and heifers largely [email protected]: cows, $2.7563.50; low cutters. Si.so@2. Sheep— Receipts, 1.200; market, slow; opening about steady; lylk lambs to packers, ss® 5.25; top to city butchers, $5.50; throwouts. [email protected]: fat ewes, $2 down; lambs. 90 lbs. down; good and choice, $4,755 5.50; medium, [email protected]; all weights common, [email protected]; ewes. 90-150 lbs., medium to choice, [email protected]; al weights cull and common. 50c @1.34,

Dow-Jones Summary

New York cables opened in London at 3.4175. against 3 40257 Paris, checks. 88.937; Amsterdam. 8.50; Italy, 67.125. and Berlin. 14.375. Briggs Manufacturing Company declared a dividend of 25 cents, payable Jan. 25, of record Jan. 11; previously the company paid 37% cents quarterly. Food Machinery Corporation declared a dividend of 25 cent* on common, payable Jan. 15, of record Dee. 31; previously 37% cents quarterly was paid. Minneapolis, St. Paul Ac S. S. Marine system in eleven months ended Nov. 30. net loss amounted to $6,268,783 after taxes and charges, against net loss of $2,129,223 in first eleven months of 1930; November net lsss of $735,367. against net loss of $308,429 in November, 1930. British exchequer receipts during week ended Dec. 19, totaled 12,899.000 pounds and expenditures 12,092,162 pounds; floating debt on Dec. 19 amounted to 731,170,000. against 730.620.000 pounds in previous week and 763,995,000 pounds on Dec. 20, 1930. St. Joseph Lead Company estimates profit for year ended Dec. 31. 1931, at $500,000 after interest, depreciation and taxes, but before provision for depiction, against $4,076,460 in previous year: after charging out $1,900,000 for depletion the 1931 net loss was estimated at $1,400,000 against net profit of $1,509,991 in 1930. Central Republic Bank and Trust Company declared the regular quarterly dividend of $3. payable Jan. 2. of record Dec. 24. Stocks of gasoline held bv refiners gained 1.110,000 barrels during week ended Dec. 19 to 35.936.000 barrels: domestic crude oil production decreased 22.350 barrels dailvs to 2.430.300 barrels In week, according to American Petroleum. Dally gold statement of New York federal reserve bank Tuesday, showed increase of $7,498,000 in gold earmarked lor foreign account: imports totaled $1,995.400 from Canada, while exports were $350,000. Car loadings in United States in week ended Dec. 12 totaled 613,534 cars, a decrease of 22,832 from preceding week and 130,819 less than like week in 1930. Hershey Chocolate Company declared the quarterly dividend of $1.50 on common stock, placing issue on $6 basis, against $5 previously; also declared the usual extra dividend of $1 and regular quarterly dividend of $1 on convertabie preferred stock. American Ice Company declared the regular quarterly dividend of 50 cents on common stock. Wabash Railway handled 12,229 cars in week ended Dec. 19, against 12,392 In preceding week and 14,346 in same week of last year. Burco, Inc., has deferred quarterly dividend of 75 cents on 6 per cent cumulative preferred stock, due Jan. 1, 1932. Texas Power and Light Company In twelve months ended Oct, 31, net income $2,642,447 after taxes, deprecation, interest, etc., against $2,732,651 in previous twelve months, Carolina Power and Light Company in twelve months ended Oct. 31, net income $1,530,676 after taxes, interest, depreciation, etc., against $2,436,603 in preceding twelve months. Pennsylvania Gas and Electric in twelve months ended Nov. 30. profit $324,857 after charges and subsidiaries dividends and charges, but before depreciation, against $330,597 in preceding twelve months. Pennsylvania Power and Light Company in twelve months ended Oct. 31, net income $10,240,261 after charges and depreciation. against $9,273,282 in like period of 1930. Memphis Power and Light Company in twelve months ended Oct. 31, net income, $1,504,518 after taxes, interest, depreciation, etc., against $1,592,548 in like period of last year. Public Service Company declared the regular quarterly dividend of 32% cents on first preferred stock, payable Feb. 1. of record Jan. 15. National Cash Register Company omitted dividend of class A stock, due at this time.

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Dec. 23 a „ j Bid. Ask. Am Founders Corp com % 1% Am & Gen Sec A 4% ... Am Inv Tr shares 2% 2% Basic Industry shares 2% ... Collateral Trustee shares A.. 4 4% Cumulative Trust shares 3% 4 Diversified Trustee shares A.. 6% ... Fixed Trust Oil shares 2% ... Fixed Trust shares A 7% ... Fundamental Trust shares A... 3% 4% Fundamental Trust shares 8.. 4% 4% Leaders of Industry A 3% ... Low Priced shares 3% 3% Nation Wide Securities 3% 3% Selected American shares 2% 2% Selected Cumulative shares.. 5% 6% Selected Income shares 3% 3% Shawmut Bank Inv Trust 1 3 Std Am Trust shares 3Va 3% Super Corp of Am Trust shares 3Vi S% Trustee Std Oil A 3% ... Trustee Std Oil B 3% 3% Unified Service Trust shares A 2% 2% U S Elec Li & Power A 16% 18% Universal Trust shares 33% Other Livestock By United, Press PITTSBURGH, Dec. 23.—Hogs—Receipts, 1,800; market, steady to mostly 10c lower: 160-280 lbs., [email protected]; 240-290 lbs., $4.35 @4.60; 100-150 lbs., [email protected]; most packing sows. [email protected]. Cattle-Receipts, none; market, nominal. Calves —Receipts, 100; market, steady; good and choice vealers. [email protected]; plairyr kinds, [email protected]. Sheep —Receipts, 50u; market, steady; good ana choice light to medium weights lambs, $5.25@6; medium grade down to $4. By United Press TOLEDO. Dec. 23.—Hogs—Receipts, 175; market, slow, around 10c lower; heavies, $4®4.15; medium, [email protected]; yorkers, $3.75@4; pigs, $3.75@4. Cattle—Receipts, 250; market, steady. Calves—Receipts, light; market, steady to 50c higher. Sheep —Receipts, light; market, steady. Births Bor William and Mary Cavanaugh, 326 North Addison. Deaths Etta King. 51, 1228 Standard, myocarditis. George Page. 44, Methodist hospital, fractured skull. Caroline Dawson. 52. 961 North Belmont, chronic myocarditis. Effie Newton. 61, 2740 Temple, acute myocarditis. Antonia Parrott, 55, 1240 Harlan, cerebral hemorrhage. Henry W, Yeley, 68, city hospital, carcinoma. Elvin Solomon Miller. 20. St. Vincent’s hospital, fractured skull, John D. Boyd. 85. 227% East Ohio, broncho pneumonia. Lessie Stanley. 40. city hospital, mitral stenoosis. Mary E. Menefee. 81. 1262 West Twedtvsixth, arteriosclerosis. TIES FALL ON SHOPPERS Tumble From Flat Car Into Gotham Subway Crowd. By United Press NEW YORK, Dec. 23.—Several ties fell from a subway flat car into a crowd of waiting Christmas shoppers at a Brooklyn subway station today, advices to the transit commission said. Several persons were injured. Estimates of the number ranged from eight to fifteen. According to early advices a work train swept around the curve at the station. As the train went past the station slowly, the ties fell from the flat car itno the crowd. NEW YORK COFFEE RANGE —Dec. 22 High. Low. Close. May 5.80 5.75 5.75 December 6.00 6.00 6.00 Zaiser & Zaiser Incorporated Brokers Unlisted Securities 129 E. Market / UT. >375 HI. tIS7

GRAIN FUTURES SHOW STEADY TRADINGRANGE Steady Cables Hold Options Firm Early; Sales Are Light. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Dec. 23.—Unsettlement in securities offset comparative firmness in Liverpool and wheat opened about steady on the Board of Trade today. Liverpool was lower than expected but the advance in sterling, steady. Argentine and firm Canadian offers gave the market a relative firmness. Lack of buying was the most depressing feature in wheat at the start with only scattered selling. Corn was steady on a lack of pressure. Oats was very dull. Opening I s Steady At the opening wheat was unchanged to Vi cent higher and -oats were Vs cent lower. Provisions were slow’ and steady. Liverpool was irregular during the morning, but at midday was Vs pence to hi pence up, equal to % cent higher, about as expected. Sentiment leans toward the selling side on bulges in corn. The eastern demand is being filled largely by Indiana and Ohio. Buying of Chicago corn by Wisconsin points has declined, due to the warm weather. Oats Are Sold Temperatures were slightly lower in northwestern lowa, but above normal elsewhere. Cash houses are selling a little oats on the recessions, owing to the decline in the cash demand. The market is not fully reflecting the firmness in corn, although holding steady. Chicago Grain Range WHEAT— ~ Dec - 23 p r „ v March K %% %% Mav 56% .55% !s6 56 J* ll7 55% .55 .55% .55% CORN— March 301/ nos,'. Mav 40% .40% !40% .40% July 42 % .41% .42 % .42% OATS—Ju ’y RYE— March 44 May 45Vs .45 ' .45% .44% LARD--Jan 5.42 May 5.67 By Times Special CHICAGO. Dec. 23.—Carlcts: Wheat. 4 corn, 54; oats, 21; rye, 0, and barley, 5. Local Wagon Wheat City erain elevators are paving 45c for No. 2 red wheat and 45c for No. 2 hard wheat. New York Liberty Bonds —Dec. 22 3%s 9g.4 Ist 4%s 99.31 Treasury 4%s 101.8 Treasury 4s 99.31 Treasury 3%s 96.20 Treasury 3 3 %s of ’47 94 6 Treasury 3%s of ’43 (March) 94.12 RAW SUGAR PRICES High. Low. Close. January 1.02 1.00 1.02 March 1.06 1.05 1.06 May 1.12 1.10 1.11 July 1.17 1.16 1.17 September 1.22 1.21 1.22 December (1932) 1.30 1.28 1.29

TESTIMONY ‘SPICY’ IN DIVORCE CLASH

Charges Fly Thick and Fast in Pierce Case; Both Ask Decrees. Spicy testimony of the alleged conduct of Edward C. Pierce, Indianapolis business man, with a woman in a Bloomington (Ind.) hotel, was heard today in Superior court two at the divorce trial of Mrs. Inez B. Pierce, 4166 Guilford avenue. Charging cruel and inhuman treatment, Mrs. Pierce asks custody of two children and alimony of $35,000. Mrs. Pierce names Mrs. Goldie Van Horn, 2022 Sugar Grove avenue, as the alleged corespondent. In a cross complaint, Pierce asks absolute divorce and the custody of the children Norma, 10, and Mildred, 19. According to evidence presented by Pierce, Mrs. Pierce hired detectives to shadow him. Mrs. Pierce testified that she learned of the alleged hotel escapade through the detectives. She charged Pierce and the Van Horn woman with occupying the same room, following a football game this fall. Parts of Mrs. Van Horn’s clothing were found in the hallway, outside the door of Pierce’s room, Mrs. Pierce testified. Mrs. Van Horn denied the charge, asserting she accompanied Pierce to the football game at his invitation, but said she occupied a separate room in the hotel. Judge Joseph R. Williams said evidence in the case probably will be completed today. Alcohol Kills Man John Gordon, 27, of 1460 Saulcy street, died Tuesday night at city hospital from acute alcoholism. He was found earlier by his brothers, who said he was unconscious on the floor when they returned home. - " mm \ Public Service Company of Indiana Notice of Dividend The Board of Directors of the Public Service Company of Indiana has declared the regular quarterly dividend of SL?S per share on the • outstanding $7 Cumulative Prior Preferred Stock of the Company, payable January 15,1932, to stock- ; toklersof recocdlliwcTrabcr L . BERNARD P. SHEARON, Secretary. ' - — 1 ■ Specialists In Unlisted Securities Edw. W. Zaiser Securities Corporation 414 Continental Bank Bide. Riley 404* j

Bright Spots of Business

By United Press NEW YORK. Dec. 23.—Business failures In the United States during the week ended Dec. 17 totaled 556. against 614 in the corresponding week of 1930, Bradslreet reported. WASHINGTON—Aggregate operating income of 103 telephone companies reporting to the Interstate commerce commission for the ten months to Oct. 31 was $231.368.847. against $227,193,049 in the corresponding period of 1930. SAN FRANCISCO—Pacific Power and Light Corporation reported for the year ended Oct. 31 net income of $910,757. against $873,401 in the preceding year. NEW YORK—Columbian Vise and Manufacturing Company declared an. extra dividend of 25 cents a share on the no-par common stock. BOSTON—Southern New Enland Telephone Company reported net earnings for the ten months to Oct. 31 totaled $3,817,164. against $3,566,116 in the first ten mouths of 1930. NEW YORK—New York. Ontario As Western railroad reported net operating Income for the eleven months to Nov. 30 was $1,645,975, against $866,687 in the corresponding period of 1930. Cash Grain —Dec. 22 The 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—Firm; No. 1 red, 48 , i@49!ic; No. 2 red. 47%@48%c: No. 2 hard, 47% ®4B%c. Corn—Weak; No. 3 white, 27®28c: No. 4 white, 26@27c: No. 3 veliow, 25%@26%c; No. 4 yellow, 24%@25%c; No. 3 mixed. 24%©25%c; No. 4 mixed. 23%®24%c. Oats—Weak; No. 2 white. 21%()i22%c; No. 3 white, 20%@21%c. Hay—Steady ts. o. 0 country points taking 23%c or less rates to Cincinnati or Louisville); No. 1 timothy, [email protected], No. 2 timothy, [email protected]. —lnspections Wheat —No. 2 red 2 cars Total, 2 cars. Com (new)—No. 4 white. 3 cars; No. 3 yellow. 10 cars; No. 4 yellow. 6 cars; No. 4 mixed, 5 cars. Total, 24 cars. Oats —No. 3 white. 2 cars. Total, 10 cars. Rye—No. 3, 1 car. Total, 1 car. By Times Special CHICAGO. Dec. 22.—Primary receipts: Wheat. 464,000. against 1,007,000; corn, 430,000, against 925,000: oats, 181.000, against 122,000. Shipments; Wheat. 412.000, against 307.000: corn 196,000. against 470,000; oats, 149.000, against 205,000. By United Press CHICAGO, Dec. 22.—Cash grain close: Wheat—No. 3 red, 54%c; No. 2 northern. 57c; No. 3 mixed. 54%c. Corn—No. 2 mixed, 37c; No. 3 mixed, 35%®36%c; No. 4 mixed, 35%@35 3 4 C ; No. 2 veliow, 38'Ac; No. 3 yellow, 36@30%c; No. 4 yellow, 34%@35 3 /4c: No. 2 yellow old, 38 s fc: No. 3 white. 37>4@37%c; No. 4 white. 36%c. Oats—No. 2 white, 25%c; No. 3 white, 24%©25'4c: No. 4 w'hite, 24c. Rve—None. Bariev—42os7c. Timothy—s4®4.2s Clover—sl3.2s® 15.75. By United Press TOLEDO, Q., Dec. 22.—Cash grain close: Wheat—No 2 red, 59%@60%c. Corn—No. 2 yellow, 39%®40%c. Oats—No. 2 white, 28%©29%c. Rye—No. 2,51 c. Grain on track. 28%c rate; Wheat—No. 2 red, 54%@ 55c; No. 1 red. lc premium. Corn—No! 2 yellow. 34%®35%c: No. 3 yellow, 33© 34c. Oats—No. 2 white, 25%®27c; No. 3 white, 24%@26c. Clover—Prime, $8.50Feb., $8.75; March. $8.90. Alsyke—Cash, $8.50; Feb., $8.75; March, $8.85. ButterFancy creamery, 32®33c.. Eggs—Current receipts, 20@23c. Hay—Timothy per cwt In the Cotton Markets —Dec. 22 CHICAGO _ High. Low. Close. January 6.27 6.23 6.23 March 6.45 6.40 6.43 May 6.65 6.58 6.61 July 6,82 6.78 6.78 October 7.02 6.97 6.97 December 6.32 6.25 6.29 NEW YORK January 6.20 6.14 C. 16 March 6.37 6.31 6.33 Mav 6.55 6.48 6.51 July 6.75 6.66 6.69 October 6.98 6.92 6.95 December 6.19 6.12 6.16 NEW ORLEANS January 6.17 6.12 6.12 March 6.35 6.30 6.30 May 6.54 6.48 6.50 July 6.73 6.66 6.67 October 6.95 6.86 6.89 ■December 6.16 6.10 6.10

Journey’s End By United Press MICHIGAN CITY, Ind., Dec. 23.—Elmer Shafer, 80, feeble and weak, longed to see his boyhood home in Aberdeen, S. D. Alone, Shafer started on a hitch-hiking journey to the distant city. He hobbled along roads with the aid of two canes. .Friends here learned Tuesday that, weakened by exertion and exposure, Shafer died soon after reaching his former home.

A SI,OOO Gift Is no Joke By United Prcs3 CHICAGO, Dec. 23.—Dr. Arthur R. Schweitzer, mathematics expert who teaches the Einstein theory to professors, now has proof of this Santa Claus theory. A casual acquaintance told Schweitzer he was going to give him SI,OOO. The mathematician thought it was a joke. But. later Schweitzer’s bank account showed the SI,OOO had been deposited. There was no explanation. $2,096 Found on Body By Times Special MTJNCIE, Ind., Dec. 23.—After Mrs. Belle Lesh, 69, of near Selma, fell dead of a street here, it was discovered she was carrying $2,096 sewed in her corset. Aged Man Kills Self By Times Special BENTON, Ind., Dec. 23.—A shotgun was used by Samuel Alwine, 72, a recluse, in ending his life here. Neighbors said he had been despondent recently.

DIAMONDS WATCHES and JEWELRY 1 Z PRICE / W M —NOTE: Doctors, lawyers, mechanics, ball f players, {rollers and sportsmen Jr are m y regular customers — Kel- * WBBI erances gladly given. Open Tonight and Tomorrow Night ’Till 10 o’clock. Deliveries Made in Time for Christmas. DAVID KLOR Lincoln 8026—TAIbot 6442^ Headquarters, 141 South Illinois Street A Phone Call Will Serve You in Time for Xmas

JDEC. 23, 1931

CHAIN STORES STILL DEPEND UPON BROKERS Federal Trade Commission Makes Report on Link Merchants to Senate. By ticripps-Hoicard \etespaper Alliance WASHINGTON, Dec. 23.—Chain stores still are far from being as independent of middlemen as the I public believes them, the federal trade commissior says in its first report to the senate concerning the investigation ordered last year of this modern business experiment. However, the commission finds that between 1922 and 1928 “an appreciable decrease took place in dependence of chains upon services of wholesalers and there also was a slight decrease in the proportion purchased through broker* and ! commission men.” Direct purchases from manufacturers by chains increased from 76.5 per cent of total purchases in 1922, to 81.2 per cent in 1928. During this same period purchases from wholesalers dropped from 13 to 8.5 : per cent. Few Do Manufacturing In 1930 the figure had further declined to 7.9 per cent, though 77 per cent of the chains, particularly the | smaller ones, still patronize that source of supply. Thirteen per cent of all reporting chains buy from growers' organizations, and 7 per cent of their I merchandise is purchased from that : source. Less than 14 per cent of all rc- : porting chains engage in manufac- ; turing. Different kinds of chains vary 1 considerably in purchasing prac--1 tices, the commission finds. It reports that grocery and grocery and i meat chains purchase 29 per cent J of their goods through brokers and | commission men, apparently because it is necessary for them to obtain promptly large quantities of perishable goods. The Great Atlantic and Pacific Tea Company and the Kroger Grocery and Baking Company have broker organizations of their own. • Do 55,000,000,000 Business | Chains in five sorts, five-dollar-i limit variety, men’s furnishings, dry ! goods, general merchandise, and hardware, have experimented with manufacturing their own goods, but ; variety and department store chains i either are selling their manufacj turing plants or not expanding their ; activities. Some are assisting independent manufacturers to produce either by purchasing raw materials for them or by other methods. The commission found that replies from 1,727 chains, to its questionnaire showed 66,426 stores operating as of Dec. 31, 1928, and doing a five billion dollar business. Early this year a supplemental questionnaire, covering 1929 and 1930 operations brought 1,278 replies and showed 68,161 stores operating and doing a five and a half billion dollar business.

The City in Brief

THURSDAY EVENTS Advertising Club luncheon. Columbia Club. Indianapolis Encineering Society luncheon. Board of Trade. American Business Club luncheon, Columbia Club. Real Estate Board luncheon, Washington. Sigma Nu luncheon, Lincoln. Sigma Chi luncheon. Board of Trade. Indiana League for the Hard of Hearing, II a. m.. Stokes building. - More than 200 members and friends of Marion camp, No. 5558, Modern Woodmen of America, attended a Christmas party in Woodmen hall, 322 East New York street, Tuesday night. MOTHERS’ CHORUSTO SING ON RADIO HOUR Program of Christmas Songs to Feature School Broadcast. The stor yof Jesus birth will be be presented in song by a chorus of forty-five mothers of the public school radio tonight at 9 over station WKBF. The chorus from schools Nos. 63. 85 and 58 will be under direction of Miss Isabelle Mossman, schools music superviser. Scriptures will be read by Principal K. V. Ammcrman of Broad Ripple high school. The chorus will sing “The First Noel,” “The Three Kings,” “Yuletide Night,” “Christmas Song,” “Christmas Hymn,” ‘‘The Light of Bethlehem,” “Silent Night,” “The Crusaders’ Hymn,” “The Evergreen” and “Joy to the World.” Indictments Quashed By United Press VALPARAISO, Ind., Dec. 23.—Indictments against four city councilmen, charging allowing illegal claims against city funds, were quasher by Judge Grant Crumpacker. The councilmen involved were Harold Cleveland, Myers Zimmerman, Henry Jensen and Christopher Kans. The charges resulted from an audit by examiners for the state board of accounts. Prosecutor Howard Clark said new indictments would be sought.