Indianapolis Times, Volume 43, Number 195, Indianapolis, Marion County, 24 December 1931 — Page 8

PAGE 8

MINING ISSUES LEAD RALLY IN STOCK MARKET i Steels Shows Strength in Early Trade; Volume Light.

Average Stock Prices

Average of thirty industrial* for Wednesday 78 02. ofT 353 Average of twenty rails 33.78 off 2.46 Average of twenty utilities 31 47. off 1.01. Average of forty bonds 76.71. off 43. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Dec. 24.—G01d mining shares provided the feature In anotherwise drab stock market today. These issues were active and strong and the list generally firmed up to small gains from an earlier decline. Alaska Juneau provided the largest sale of the first two hours—lo,000 shares at 12 %. Later it rose to 13%, up IVi points. Homestake mining jumped 5 points to 128. Seaboard Air Line came out in large blocks also, but at a very small price It sold at 7*, off V# or 50 per cent from the previous close. One block was of 10,000 shares and another 5,000 shares. Rail Shares Firm Other railroad shares were firm with the general market, New York Central rising a point to 29^. During the first half hour, the combined sales of United States Steel and American Can amounted to only 10,000 shares. Reynolds Tobacco was relatively active in this period with a turnover of 8,500 shares. United States Steel featured the rally in the industrial division. Around noon, it was at 38%, up 1% points net, while gains of fractions to a point were made by General Electric, American Can, Case, Allied Chemical, Woolworth and Dupont. Bonds Irregular American Telephone rallied in the utility division and prices held small gains as the market turned into the third hour. Coppers and oils rulid with prices steady. Little interest developed in any section of the list and in the early afternoon the tickers were lagging along, stopping for long intervals. The bond market turned irregular for a time in the morning, but when United States government issues rallied, the whole list presented a firmer tone a feature in bringing the rally in the share market.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 34Clearings $2,329,000.00 Debits 4.571,000.00 TREASURY STATEMENT —Dec. 24Net balance for Dec. 22 $544,739,215.63 Expenditures 208.112.725.43 Customs rccts. mo. to date.. 19.102.866.58

New York Bank Stocks

(Bv Thomson & McKinnon* —Dec. 23Bid. Ask. Bankers 60V2 52V!a Brooklyn Trust 164 174 Central Hanover 129 133 Chase National 30% 32>/ 2 Chatham Phoenix Natl .... 18'j 21*5 Chemical 27% 29% City National 40% 42% Corn Exchange 62 85 Commercial 138 146 Continental 14 1 i 16% Empire 22 Vi 24% First National 1.9C0 2.060 Guaranty 263 268 Irvine 17% IS% Manhattan <fc Cos 30% 32% Manufacturers 20% 32% New York Trust 76% 79% Public 20><i 22%

New York Curb Market

(By Thomson Si McKinnon) —Dec. 24 11:001 11:00 Alum Cos of Am 54%|Midwest Ut .... 5% Am Cynamid .. 2’!Mt Prod 2 Am Gas & Elec 21%SNat Invest .... 1% Am Sup Pwr... 3%!Nat Aivatlon .. 2% Ark Gas (A)... 2 iNcwmont Min .. 11% Asso Gas Si El 4 |Nia Hud Pwr... 6 Braz Pwr & Lt B%tPenroad 2% Can Marc .... 1 ISt Regis Paper. 3 Cent Sts Elec.. 1 1 a (Salt Creek 2% Cities Serv ... 5% Sel Indus 1 Cons G of Balt 62!e'So Penn Oil ... 9% Cord 7 }Std of Ind .... 14 74 Deere & C 0.... 10%|Std of 0hi0.... 247< Elec Bnd Si Sh 10%|Stutz 10% Ford of Can... S’niUn Gas (A).... 1% Ford of Eng ... 4%IUn Lt Si Pwr.. s’/* Goldman Sachs l’|Un Verde 3% Gulf Oil 27% United Fndrs .. 1% Imp Oil of Can 7%1

Net Changes

By United Press NEW YORK. Dec. 23.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Off. Allied Chemical 67% 2% American Can 61% 2% American Smelting 19% 2V* American Telephone 115 3% Auburn 131% ... Bethlehem Steel 18% 1% Case 40% 3% Chrysler 13 % Consolidated Gas 60% 1% Du Pont 5414 1% Electric Power 11 l General Electric 24% 1% General Motors 22% % International Telephone 8% % Loew's Inc 26% 1% Montgomery Ward 7% % N Y Central 28' 2 2% North American 32% 2 Paramount 6% Pennsylvania 18% 2 Public Service 53% 1% Radio 5% 7s Radio-Keith % ’/ Sears Roebuck 32% 1 Stan Oil N J 26% % Texas Corn 11% % Union Carbide 30% % U S Steel 37% 2% Vanadium 12% 1% Westlnghouse Elec 26% 2% Woolworth 38% % Chicago Stocks Opening (Bv James T. Hamtll & Cos.) —Dec. 24 Bendix Avia... 17% Houd Hersh 8... 2% Bore Warner... 10 Insull com .... 3% Cent So Wst 5 Insul 6's '4O ->9% Cord Corn .... 7 Mo Ka Pi Lne... 1% Cont Chi com.. IVMiddle West 5% Cont Chi nfd... 14% Sbd Utilities ... 1 Comm Edison ..115 Swift Si Cos 17% Cheo Sec 9 Swift Inti 20 Griesbv Grunow 1 Utah Prod 1 Gt Lks Arcft... 1 Zenith Radio ... 1 New York Liberty Bonds —Dec. 23 3%> 98 31 Ist 4%s 99.17 4th 4%s 99 22 Treasury 4%s ; 100.30 Treasury 4s 99.16 Treasury 3%s 96.6 Treasury 3%s of ’47 94.6 Treasury 3%s of '43 93.30

Marts Closed All major markets of the United States and the world will remain closed Friday and Saturday In observance of the Christmas holidays. This includes stock, bond, grain, produce, livestock and commodity exchanges. Trade will be resumed Monday morning. .

New York Stocks <Bv Thomson * McKinnoni

Dec. 24*Prev. Railroad*— High. Low. Close, close. Atchison 15% 14% *4% 84% I Atl Coast Line 31 31% Balt Si 0hi0.... 16% 15% 18% 18% Chest & Ohio.. 27% 26% 27 26% Cheaa Corp 15% 15% Chi N We*t.... 6 5% 5% 6% C R I * P #% 8% 9% 9% Del L Si W 18 17% 17% 18 Del Si Hudson 71% Erie 6% i Erie Ist pfd 7% Great Northern ... 18% 18% Illinois Central.. 10% 10% 10% 10% Kan City So 9 Lou Si Nash ... 24 25 M K & T 4*6 4% 4% 4% Mo Pacific 7% 7% 7% 7% Mo Pacific pfd 14V. 14% N Y Central... 29% 28% 29% 28% Nickel Plate.' 4% NY NH St H 20’. 20 20% 20% Nor Pacific 16% 16 16% 16% Norfolk Si West 115 O & W 6% Pere Marq ... 5 5 Pennsylvania .. 19% 18 19% 18% Reading 34 Seaboard Air L % So Pacific 28% 28% 28% 28% Southern Ry 8 7% 7% 8 St Paul 1% 1% St Paul pfd 32% 2% 2% St L Si 8 F 3% 3% 3% 3% Union Pacific .. 74% 74 74% 74 Wabash 1% W Maryland 5% 6 Equipments— Am Car & Fdy 5% 5% Am Locomotive. .. ... 5% 5% Am Bteel Fd 6% 8% 6% 6% Am Air Brake S 14% Gen Am Tank 29% General Elec... 24% 24% 24% 24% Gen Rv Signal 23 N Y Airbrake 6 6 Press Stl Car 1% Pullman ... ... 15% Westlngh Airb 14% 14% Westnlgh Elec.. 26 25% 25'% 26'% Rubber*— Firestone 13% Fisk .. ... % % Goodrich 3% 3% 3’% 3% Goodyear 15'% 14% 15 14% Lee Rubber ... ... 2 ! U S Rubber 3’% 3’% Motors— Auburn 135'% 131% 134’% 131'% I Chrysler 13% 13% 13% 13 i Graham Paige . 3% 3% 3’% 3% I General Motors.. 22% 22% 22’% 22% ! Hudson 10'% 1 Marmon I s * 1% 1% 1% ! Nash 15V 2 15% 15% ... Packard 4% 4 4 4 Reo ... 3% 3'% Studebaker 11% Yellow Truck 3% 3‘/ Motor Access— Am Bosch 6 Bendix Aviation. 17’% 17% 17'% 17% Borg Warner 10 10 Briggs 8 8 Budd Wheel 3 Campbell Wy 6% Eaton 6'% 6% El Storage B 26% 26 26 26% Hayes Body i% Houda 3 Motor Wheel ..... 5% Sparks W 2% 2% Stewart Warner 5 5 Tlmkln Roll 18% 18% Mining— Am Metals 5% 5’% 5'% 6% Am Smelt 19% 19'% 19’% 19% Am Zinc 2’% Anaconda Cop .. 10% 10 10% 10 Alaska Jun 13 Vi 12’% 12% 12% Cal & Hecla 3% 3% Cerro de Pasco 13% 12% 13 >4 13 Dome Mines 73/. Frcport Texas.. 16 15% 16 15% Granbv Corn g’% 6% Great Nor Ore 11% Howe Sound 11' Int Nickel 7% 7’% 7% 7*% Inspiration 3s/, 3% Kennecott C 00... 11% 11% li% 11 Vi Magma Cop g Miami Copper 3% 3 Nev Cons 5% 5% Texas Gul Sul.. 32% 22% 22% 22 U S Smelt 15% Oils— Am Republic 1% ... Atl Refining.... 9% 9% 9Vi 9% Barnsdall 4% 4% 4% 4% Houston 3% Ohio Oil 5% b‘% Mex Sbd 6’% 6% Mid Conti 5% 5>% 5’% 5’% Phillips 4 % 4% Pr Oil Si Gas 4% 4% Pure Oil 4 3% 3% 3% Richfield % .. Roval Dutch 13% 13’% 13% 13% Shell Un 3’% 33 3% Sinclair 4% 4’% 4% 4% Skellv 2% 2 2% 3% Standard of Cal 24V* 23’% 24% 23% Standard of N J 26% 26%* 26% 26% Soc Vac 9% 9 9% 9 Texas Cos 11% 11 11 11% Union Oil 12’% 12% Steels — Am Roll Mills... 8% B’% B’% 8% Bethlehem 19 18’% 18% 18% Byers AM 12’% 12’% Colo Fuel 7% Clue Steel 23’% 22% 33% 24 Inland ... ... 21’% Ludlum 5 McKeesport Tin. 48’% 48 48’% 48 Midland B’% ... Repub I & S ... 4% 4’% 4% 4’% U S Steel 38% 37’% 38% 37% Vanadium 12’,a 12V* 12’% 12’% Youngst S Si W 8 8 Youngst S Si T 13’% 14 Tobaccos— Am To (Anew). 63% 63’% 63% 63’% Am To (B new). 66% 66' 66 65’% General Cigar ... 28’% Lig Si Myers B .46 45% 45% 45 Lorillard 12% 12’% Reynolds Tob ... 33 32% 32’% 33 Tob Pr (Al 7 6’% 7 Tob Pr (B) 2’% 2% Utilities— Abitibi ... 214 Adams Exp 3% 4 Am For Pwr 7% 67a 7’% 7% Am Pwr Si Li 13% 13Vi 13% 14 A T Si T 115% 114% 115% 115 Col Gas &El 12% 12% 12% 127% Com & Sou 3% 3% 3% 3% El Pwr Si L 1... 11’% 10’% 11’% 11 Inti T & T B’% 8 B’% B’/* Natl Pwr & Li... 14 13% 13% 13% No Amtr Cos 32% 32% 32’% 32Vi Pac Gas & El 33’% 33’% Pub Serv N J 52% 53’% So Cal Edison.. 30% 30% 30’% 30% Std G & El 27’% 28 United Corp .... 8% B’% 8% 8% Ut Pwr & L A.. 8% 8% 8% 9 West Union .... 41% 41’% 41% 41% Shipping— Am Inti Corp 5% United Fruit 22 22’% Foods— Am Sugar 39’4 Armour A 1 % Cal Pkg g’% Bs*8 s * 8% 8% Can Dry 11 Childs Cos 6 ’4 6% 67* 6% Coca Cola 106’% 106 106 106% Cont Baking A 5 Corn Prod 40 39’% 39% 40 Crm Wheat ... 2114 ... Cudahy Pkg 30% 30’% Cuban Am Sug l’% ... Gen Foods 32% 317% 32% 31% Grand Union 7’% Hershev 80 79% 79% 81 Kroger 13% 13% 13% 13% Nat Biscuit 39’% 38% 39’% 38% Purity Bak 11% HVi Pillsburv 21 Safeway St , ••• , 4Std Brands .... 12% 12% 12% ’2% Drugs— Coty 1nc33 3 , Lambert Cos *9% 49V* Industrials— Am Radiator.... 6% 6% 6% 67% Certainteed 2% Gen Asphalt TV/a 11 Otis 19*4 Indus Chems— Allied Chem.... 69 67V* 69 67% Com Solv 8 X* Union Carb ... 30Va 301* 30% 30’% U S IndAlco... 26% 25% 26% 25% Retail Stores — Assoc Dry Gds ••• Kr?s b g e ss*.:::: 15% ■% m a% 15% May D Store 16% p™„Vjc 4 ::::: 'sin spl gffift***::: a* -a * Woolworth 39% 38’* 39 38’* Amusements — Bruns Balke 2% Eastman* s Kod'! 82 80% 82 80% Fox Film A 31* 3 31* 3% Grigsby Gru ~ 1 Loews Inc 27 26% 27 26% Param Fam .... 6% 6% 6% 6% Radio Corp 5% 5% 5% 5% R-K-O ** % % % Warner Bros ... 2% 2% Miscellaneous— Airway App 1% City lee %Fu , 26% Congoleum 81% 8% 8% B’% Am Can 62% 61 % 62% 61% Cont Can 36% 337* 331% 33'/a

In the Cotton Markets

(Bv Thomson <fc McKinnon) NEW YORK. Dec. 23.—Cotton opened steady and practically unchanged from the previous close. Trading was light throughout the morning session and in a narrow range. Mostly January liquidation, as Thursday is the first notice day for that month. The situation remains unchanged and the trade continues to buy cotton every point decline. We advise this same policy as we look for a better market after the holidays. CHICAGO —Dec. 23High. Low. Close. January 6.25 6.22 6.22 March 6 44 6 40 6.41 May 6.61 6.56 6.56 July 6.78 6.72 6.72 October 7.00 6.95 6.96 NEW YORK High. Low. Close. January 6.19 6.15 6.15 March 6.35 6 30 6 30 May 6.53 6 47 6 47 July 6.71 6.65 6.65 October 6.95 6.91 6.92 December 6.19 6.13 6.18 NEW ORLEANS High. Low. Close. January 6.14 6.11 6.12 March 6.32 6.39 6.29 May 6.21 6.45 . 645 July 6.68 6.62 6 62 October 6.91 6.84 6.85

Curtiss Wr 1% 1% i% u. R •••• n ' H% 11% 811 k 2% 1% 2 2% Un Arcft 11 io% 11 io% lot Harv 23% 23% 23% 23% J I Case 4174 401* 41% 40%

Reunited

rusk 1 "' . ? #sp% W ;ffi§l§sp§i ■••* M'/'W%k M'’ f gK^'^aP!

Dazed and ill, Virginia Penfield, 19-year-old heiress of Columbus, 0., cousin of Mrs. Robert Denham, 3335 North Pennsylvania street, Indianapolis, is shown here with her father, Clare J. Penfield, as they were reunited at a Providence (R. I.) hotel after the girl mysteriously disappeared while en route to her home from a school at Swarthmore, Pa. She was apparently suffering from loss of memory.

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, 3'/ 2 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 quality quoted by Kingan & Cos Butter (wholesale)—No. 1. 30@31c; No. 2 28@29c. Butterfat—26c. Cheese twnolesale selling price per pound)—American loaf, 23%c: pimento Toaf. 25%c; Wisconsin firsts, 19c; Longhorns, 19c; New York llberger, 30c. By United Press CINCINNATI. 0., Dec. 24.—Butter, steady: creamery in tub lot. according to score. 23® 27c; common score discounted. 2@3c: packing stock No. 1. 20c: No. 2,15 c; No. 3. 8@10c: butterfat. 22® 24c. Eggs— Steady; cases, included: extra firsts, 26c; firsts. 25c; seconds. 21c: nearby ungraded. 24c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 los. and over, 15c: 4 lbs. and over. 13c; 3 Ibs. and over. 12c; Leghorns. 3 lbs. and over. 10c: roosters. 9c; broilers, colored. 1 lb. and over. 15c: 1% lbs. and over. 15c: 2 lgs. and over. 15c; frvers. 3 lbs. and over. 15c; partly feathered. 10c; Leghorn broilers. 1 lb. and over. 15c: l’/ 2 lbs. and over. 15c: 2 lbs. and aver. 12c: Leghorn stags. 10c; black springers. 10c: roasting chickens. 4 lbs. and over. 18c: ducks, under 3 lbs. sell at liberal concessions: ducks, white. 4 lbs. and over. 17c: under 4 lbs.. 14c; colored. 4 lbs. and over. 17c; under 4 lbs.. 14c; capons. 8 lbs. and over. 25c; under 8 lbs.. 17c; slips. 15c: guineas. 10c: turkeys No. 1 hens. 8 lbs. and over. 28c: voung Toms No. 1. 10 lbs. and over, 25c; No. 1 told Tom. 20c: voung Toms over 15 Ibs.. 20c: crooked breasted. 15c: No. 2. 15c; hen turkevs. under 8 lbs. and Toms under 10 lbs., sell at liberal concessions. By United Press NEW YORK, Dec. 24.—Potatoes—Market, steady; Long Island, [email protected] per barrel; Idaho, $2.15® 2.50 per sack; Bermuda, *5(5:10 per barrel; Maine, $1.50®1.90 per barrel; Canada, [email protected] per barrel. Sweet potatoes—Market, dull; jersey baskets, [email protected]; southern baskets, 40®65c. Flour—Market, dull; spring patents, $4.30®4.55 per barrel. Pork—Market, steady: mess, $17.15 per barrel. Lard— Market, dull; middle west spot, [email protected] per pound. Tallow—Market, steady; special to extra, 3’/ 2 @3’/4C per pound. Dressed poultry—Market, irregular; turkeys, 21® 31c; chickens, 14@33c; fowls, 10®23c; broilers. 14@21c; capons, 20@38c; ducks, 13@20c; Long Island ducks, 19c. Live poultry—Market, easier; geese, 12®20c; ducks, 18®25c; fowls, 12@18c; turkeys, 20@30c; roosters, 10®illc; chickens, 12® 18c; broilers, 13®j23c; capons. 13@35c. Cheese—Market, dull; state whole milk fancy to specials, 13’/ 2 @lßc; Young America, i4’/ 2 @lsc. By United Press CHICAGO, Dec. 24. Eggs Market, weak; receipts, 2,370 cases; extra firsts. 27c; firsts. 25c: current receipts, 21@23c; seconds, 12®15c. Butter—Market, steady; receipts. 6,068 tubs; extras, 297 2 c; extra 27%@28c; firsts, 24®25c: seconds, [email protected]’ 2 c; standards, 25c. Poultry—Mar!?£k.? bout steady; receipts, 1 car; fowls, ]3®lsc; springers, 17c; Leghorns. 10c; ducks, 16®) 19c; geese, 15c; turkeys, 18® 24c; roosters, 10c. Cheese—Twins, 13® 13%c; Young Americas, 13%@13%c. Potatoes—On track, 167; arrivals, 23c; ship4!£; market, dull; Wisconsin Round Whites, 75®80c; Idaho Russets, [email protected].

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 12 NOON C. 8. T. —Dec. 24 . _ Bid. Ask. Am Founders Corp com % 1%, Am Si Gen Sec A 4% ... Am Inv Tr Shares 2% 2% Basic Industry Shares 2% Collateral Trustee Shares A. 4' *'4% Cumulative Trust Shares ... 3 3% Diversified Trustee Shares A 6% ... Fixed Trust Oil Shares 2V* ... Fixed Trust Shares A 7 Fundamental Trust Shares A 374 4% Fundamental Trust Shares B. 4’/* 4% Leaders of-'lndustry A 3% ... Low Priced Shares* 3% 3% Nation-Wide Securities 3’/* 3% Selected American Shares ... 2% 2% Selected Cumulative Sharec. 5% 6'/* Selected Income Shares 33% Shawmut Bank Inv Trust 1 2 Std Am Trust Shares 33% Super Corp of Am Trust Sh 31* 3VTrustee Std Oil A 3% Trustee Std Oil B 3% ”3% Unified Service Trust Shares A 2% 2% U S Elec Light & Pow A 16'- 18’Universal Trust Shares 2% 3%

Other Livestock By Times Special ■ Dec. 24. —Hogs—Receipts. 3W: 55c higher: 175-240 lbs.. $4.80; 240-300 lbs.. $4 50; 300 lbs. up. $3.90; 175 lbs. down. $4.40: packing sows. [email protected]. $2.65 down. Cattle—ReceiptsT 100steady: bulk steers and heifers. $4.50®5.50: slaughter cows and bulls. $3.50 downstockers and feeders. *3@s. Calves—Re-1 celDts. 100: steady; top vealers. $6; throwouts mostly. $4 down. Sheen and lambs— Receipts. 50: nominally steady; top lambs $5.50; buck lambs. $4.50; throwouts. $3 down: fat ewes. $2 down. No shipments Wednesday. By United Press FT. WAYNE. Dec. 24.—Hogs. 20c higher: 100-140 lbs.. $4.25: 140-160 lbs.. $4.35; 160200 lbs.. $4.50: 200-225 lbs.. $4.40: 225-250 lbs. $4.30: 250-275 lbs.. $4.20: 275-350 lbs.. $4.05: roughs. $3.25: stags. $2; calves, $7.50; lambs. $5.25. 21 hurtTn bus crash Coach With Holiday Crowd Collides With Truck. By United Press PALMER. Tftass., Dec. 24.—Twentyone persons were injured today when a speeding motor coach carrying thirty-five passengers from Boston to New York for the holiday rammed into the rear end of a truck west of here. All the injured were taken to Wing Memorial hospital, where only one, Jacob Beanstalk o£ Malden, was found to be in a serious condition. He suffered a possible brain concussion as well as a broken nose and cut eye. Clifton Gilman of New York City, driver of the bus, was arrested by state troopers en a reckless driving charge. •

THE INDIANAPOLIS TIMES

GOOD DEMAND SENDS SWINE DP 25 CENTS Higher Trend Noticed on All Cattle Classes; Sheep Firm. Facing a two-day holiday with resultant inactivity, hogs moved up 15 to 25 cents this morning at the city stockyards. The bulk, 100 to 325 pounds, sold for $4.25 to $4.75; early top holding at $4.75. Receipts were estimated at 2,500; holdovers were 261. A higher trend was noticed on all cattle classes. Receipts were 200. Vealers sold up 50 cents at $7.50 down. Calf receipts were 300. Lambs showed strength, selling 25 cents higher than Wednesday, mostly at $6 down. Morning’s top price was $6.15. Receipts were 3,000. In Chicago hogs were very active, mostly a shipper’s market. Sales were around 25 cents higher than Wednesday’s average on all weights; bulk of supply sold; good to choice 170 to 250-pound weights, $4.50 to $4.60; early top, $4.60, some held higher; 250 to 270 pounds, $4.40 to $4.45; 130 to 150 pounds, $4.25 to $4.40. Receipts were 20,000, including 12,000 direct. Holdovers were 4,000. Cattle receipts were 5,000; calves, 1,500; markets 25 cents higher. Sheep, 9,000; 25 cents up. noGS Dec. Bulk. Early Top. Receipts. 18. *4.10® 4.35 $4.35 4.000 19. 4.00157) 4.20 4.20 4,000 21. 4.lOffg 4.45 4 45 6,000 22. 4.25(3! 4.60 4.60 5,500 23. 4.10(3) 4.50 4.50 5.500 24. 4.25® 4.75 4.75 2,500 Receipts, 2,500; market, higher. (140-160) Good and choice...s 4.50 —Light Lights—-(l6o-180) Good and choice... 4.75 —Light Weights—-(lßo-200) Good and choice... 4.75 (200-220) Medium and g00d... 4.65 —Medium Weights—-(22o-250) Good and choice... 4.50(3 4.65 (250-290) Medium and g00d... 4.35® 4.40 —Heavy Weights—-(29o-350) Good and choice..,. 4.15® 4.35 —Packing Sows—-(3so-500) Medium and g00d... 3.25@ 4.00 (100-130) Slaughter pigs 4.50 ~ CATTLE (SLAUGHTER CLASS) Receipts. 200; market, steady. —Steers— Good and choice $ 5.50®10.25 Common and medium 3.00® 5.50 (1.100-1,500) Good and choice 5.75®10.50 Common and medium 4.00® 5.75 —Heifers—-(soo-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® 2.75 CALVES AND VEALERS Receipts, 300: market, higher. —Vealers— Good and choice $ 7.00® 7.50 Medium 5.00® 7.00 Cull and common 3.00® 5.00 —Calves— Good and choice 4.00® 6.00 Common and medium 2.00@ 4.00 —Stockers and Feeder Steers— Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1,500) Good and choice 4.25® 5.75 SHEEP AND LAMBS Receipts. 3.000; market, higher. Good and choice $ 5.75® 6.25 Common and medium 3.50® 5.75 Ewes, medium and choice.... 1.25® 2.25 Cull and common 50® 1.25 Other Livestock By United rress CHICAGO, Dec. 24.—Hogs—Receipts, 20,000; including 12,000 direct; active, 15c to mostly 25c higher! packing sows, steady to strong; 170-230 lbs., [email protected]; top, $4.65; 240-290 lbs., $4.35®4.45; 140-160 lbs., $4.35®4.60; pigs, [email protected]; packing sows, $3.55(33.75; light lights, 140-160 lbs., good and choice, [email protected]; lightweights, 160-200 lbs , good and choice, [email protected]; medium weights, 200-250 lbs., good and choice, [email protected]; heavyweights, 250-350 lbs., good and choice, [email protected]; packing sows, 275-500 lbs., medium and good, $3.55 @3.80; slaughter pigs, 100-130 lbs., good and choice, $3.75@4,35. Cattle—Receipts, 5,000; calves, 1,500; medium weight and weighty steers, 25c or more lower; inbetween grades showing most decline; yearlings and light steers moderately active and mostly steady; she stock steady to 25c higher; bulls and vealers stronger; most steers, [email protected]; early top, $10.25; slaughter cattle and vealers, steers, 600900 lbs., good and choice, $7.25@11; 9001,100 lbs., good and choice, [email protected]; I, lbs., good and choice, $7.50® 11. 1,300 1,500 lbs., good and choice. [email protected]; 600-1,300 lbs., common and medium, [email protected]; heifers, 550-850 lbs., good and choice, $5.50®7.75; common and medium, [email protected]; cows, good and choice, [email protected]; common and medium, $2.75(5 3.25; low cutter and cutter cows, $1.75® 2.75; bulls, yearlings excluded, good and choice beef. [email protected]: cutter to medium, [email protected]; vealers, milk fed, good and choice, $6(5)7.75; medium. 54.50@6; cull and common, $3 @4.50; stocker and feeder cattle, steers. 500-1.050 lbs., good and choice, [email protected]; common and medium, s3® 4.75. Sheep—Receipts, 9,000; asking sharply higher; few early sales strong to 25c higher; better grade lambs, $5.50@6; closely sorted kinds held around $6.25 and above; fat ewes, [email protected]; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice, [email protected]; medium, [email protected]; all weights, common, $3.75®4.25: ewes, 90150 lbs., medium to choice, $1.50@3; all weights, cull and common. $1.25® 2'; feeding lambs, 50-75 lbs., good and choice, [email protected], By United Press CINCINNATI. 0., Dec. 24.—Hogs—Receipts. 2,600: heldover, none; very active, unevenly and sharply higher: most sales showing advances of 35 cents: better grade, 150-250 lbs.. $4.75(55: mostly $5 on 230 bs. down; lighter weights, practically absent, 260-300 lbs., $4.50554.65; sows, little changed. [email protected]. Cattle—Receipts. 175; calves. 150. nominally steady, not enough here to make market: a few scattered common and meduim steers and heifers. [email protected]; beef cows, quotable [email protected]; low cutters and cutters. [email protected]; bulls. $4 down: vealers. steady; good and choice. s6@7: lower grades, mostly $5.50 down. Sheep—Receipts. 100; supply very light; all classes auotagle around steady; better grade lambs. $5.50@6: comon and medium, s4@s; sheep, $1.50 down. By United Press EAST ST. LOUIS. Dec. 24.—Hogs—Receipts. 4.000: market. 15@25c higher; top. $4.85; bulk. 150-240 lbs.. $4.60(54.75: ?50280 lbs.. [email protected]: 100-140 Ids.. $4(34.50: sows, largely $3.60(5 3.75. Cattle —Receipts. 700. Calves—Receipts. 400; market, hardly enough cattle on sale to make a market; trading unevenly strong to higher: a few steers. $5.25 @7.50: mixed yearlings and heifers, largely $4.50@6; cows. [email protected]; with ton kinds. $4: low cutters. $1.50@2: medium bulls, quotable upward to $3.25; good and choice vealers. 50c higher at SB. She'-p—Receipts. 250; market, lat lambs. 25c higher; packers, steady; bulk lambs. [email protected]: throwouts. [email protected]; fat ewes, $2.50 down. By United Press TOLEDO, Dec. 24.—Hogs—Receipts, light; market, 15@35c higher; heavies, $4 <54.25; mediums. [email protected]; Yorkers, $4 @4.25; pigs, s4® 4.25. Cattle—Receipts, 250; market, steady. Calves —Receipts, light; market, strong. 50c higher. Sheep —Receipts, light; market, steady. By United Press CLEVELAND, Dec. 24,— Hogs—Receipts, 700. holdover none; market 160 lbs. up. 15@25c higher; others steady; 160-230 lbs. $4.90: 240-300 lbs., [email protected]; pigs. $4.25. Cattle—Receipts. 100; slow account substantially higher asking prices; buyers resisting more than 25® 50c steer upturn | from low time; cutter to common $3.50 ■ 4.75; cows scarce. Calves—Receipts, 100: i market, erratic, 50c to $1 or more higher; i preholiday scarcity acute; good to choice freely at $9; common to medium. $7; little as low as $5. Sheep—Receipts, 600; market, 25@50c higher, lambs rate; short run gesture: good to choice [email protected]; throwouts $5; few medium, $5.50. By United Press PITTSBURGH. Dec. 24.—Hogs—Receipts. 1.500: weights below 210 lbs., fairly active 10®20c higher; heavier weights slow to Steady; 140-210 lbs.. $4.75®5; 220-250 lbs.. $4.50®4.65; packing sows. 53.50® 3.75. Cattle—Receipts, 10; market, nominal. Calves —Receipts. 25; market, steady; good and choice vealers. [email protected]. Sheep—Receipts, 500; lambs around steady; better grade 65-85 lb. weights. ss® 6. By United Press EAST BUFFALO. Dec. 24.—Hogs—On sale, quick active to all Interests; unevenly steady to 25c higher: largely 10®25c over Wednesday’s average: bulk. 150-210 lbs.. $4.95@5: sparingly. $5.10: 230-260 ibs.. $4.75 to largely $4.85. Cattle—Receipts, 25; cows, steady; cutter grades. $1.25®2.50. Calves—Receipts. 125: vealers, active. 50c higher: good to choice. $838.50; common and medium. $536.50. Sheep—Receipts. 200: lambs, aualitv plain: common and medium kinds, strong to higher at ss® 5.25.

BELIEVE IT or NOT

.'.fjflj i I \) * ' " Cap! Alfred Johnseki Jl||g ' U Ijlfl sailed alone from JSBRs&MSfci Iff j \\ gpjl To Liverpool,^.in a skiff 1 4 ' ii jp Ife PT LONG. 5V2 Ft. Wide. Z'/ 2 ft DEEP. !' || || B|l J| ‘i; ,/ el Paso, tlxas JkOwIF R pacirc oceC Park WAKKfcN 1 j|y CouNTAy THANlTisttd A v w MAPEA \ 9| V| CLUB MARSHALL, TEXAS CARR, IS CLERK OF COURT HOtE-lrLONfc ] * il Houston j|j in Tazewell, tenm odds 10-1 OneHoorTime L\mil. 1 > He SUCCEEDED N 53 MINUTES The GTy of MUD-EATERS / Cantrip Perhib IT IS &UU.T ENTIRELY OF KUD ANO AIC/0 /S THE CHIEF ARTICLE OFFOoof 1931. Kina F*tur* Syniictte. Inc. Grett Briuia rigln* reserved, t ... f2

Dow-Jones Summary

Telautograph Corporation declared the regular quarterly dividend of 35 cents on common stock, payable Feb. 1, of record Jan. 15. Officials of Ohio State banking department have concluded distribution of initial dividends totaling $11,500,000 to 137,000 depositors of four banks in Toledo which have been closed four months. New York cables opened in London at 3.4250, unchanged; Paris, checks 87.25; Amsterdam, 8.5312; Italy, 67.25 and Berlin. 14.375. Southern California Company November balance after taxes and charges amounted to $1,597,441 against $1,748,661 in 1930; eleven truths balance $18,442,739, against $19,177,643. Bank of England statement as of Dec. 24 shows circulation of 370,030,000 pounds, against 363,534,000 pounds on Dec. 17; ratio 20.9 against 26.6 per cent and bullion 121.353,000 against 121,428,000 pounds. Statement of Federal Light and Traction Company and subsidiaries excluding earnings of hew Brunswick Power Company for twelve months ended Sept. 30, 1931, shows net income of $1,582,216 after federal taxes, interest, preferred dividends of subsidiaries and depreciation equal, after dividends on 6 per cent preferred stock to $2.64 a share on 499,012 shares of common stock outstanding at close of the period, against $1,729,683, or $3.14 a share on 475,227 common shares for twelve months ended September, 1930. Officers and directors of Niagara Shares Corporation directly, or indirectly own more than 70 per cent of the corporation’s 7,354,286 outstanding common shares. Endicott Johnson Corporation operations now are running about 85 per cent, which is good for this season; production is around 10,000 pairs of shoes daily on a five and one-half-day week schedule. Number of Pennsylvania stockholders on Dec. 1, totaled 243,361, high record and an increase of 900 over last month’s, and a gain of 9,910 over Dec. 1, 1930. Taxable sales on gasoline by all oil companies in California in November totaled 109,552,467 galolns a decline of 4,078,450 gallons from October October, according to state board. Oklahoma Corporation commission has ordered daily output of oil for first three months of 1932 to be reduced 71,000 barrels daily to 475,000 barrels. Fidelity & Deposit Company of Maryland declared the regular quarterly dividend of $2.25 payable, Jan. 5. of record Dec. 28. Sharp & Dohme Inc. declared the regular quarterly dividend of 87% cents on class A convertable preference stock, payable Feb. 1, of record Jan. 15. Utah Power and Light in twelve months ended Oct. 31, net income $2,373,209 after taxes, interest, depreciation etc., against $3,099,286 in like period of 1930. Pacific Lighting Corporation declared the regular auarterlv dividend of 75 cents on common stock, payable Feb. 15. of record Jan. 20. Arkansas Power and Light Company In twelve months ended Oct. 31. net income $2.19.012 after taxes. Interest, depreciation, etc., against $2,395,866 in like period of 1930. Peerless Motor Car Corporation year ended Sept. 30. net loss amounted to $712.744 against net profit of $73,237 in preceding fiscal year. New Orleans Public Service Inc. In twelve months ended Oct. 31. net Income amounted to $1,346,233 after taxes. Interest, depreciation, etc., against $1,199,030 in like period of 1930. Electric Power and Light Corporation declared the regular Quarterly dividend of 25 cents on common stock. Southern Pacific lines in week ended Dec. 21, handled 15.805 revenue cars, against 20.699 in like week of 1930; total cars handled during first three weeks of December amounted to 40,600 against 55,874 in similar period of last year. Gillette Safety Razor Company declared the regular quarterly dividend of $1.25 on $5 preferred stock, payable Feb. 1, of record Jan. 5. Statement of International Business Machines Corporation and domestic and Canadian subsidiaries companies as of Sept. 30, 1931, shows total assets of $45,963,515 against $43,605,371 on Dec. 31, 1930, and earned surplus of $18,214,485 against $16,625,329; current assets totaled $11,559,412 and current liabilities $2,919,534 against $10,757,770 and $2,893,502 respectively on Dec. 31, 1930. Bank of France statement as of Dec. 18, shows gold 68,063,000,000 francs, against i 67.993.000.000 on Dec. 11; circulation, 82,527.000,000 against 82,649.000,000 and ratio 60.20 against 60.17 per cent. RAW SUGAR PRICES —Dec. 23 High. Low. Close. January 1.02 1.01 1.02 March ... 1.06 1.06 1.06 July 1.17 1.17 1.17 September 1.23 1.23 1.23 NEW YORK COFFEE RANGE —Dec. 23High. Low. Close. I March 5.71 5.70 5.70 ! Mav 5.84 5.79 5 84 i July * 5.95 5.95 5.95 September \ 6.05 5.98 6.05

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

All topics in Ripley’s “Believe It or Not” which appeared in Wednesday’s Times were selfexplanatory. Friday “Lincoln Gave a Christmas Present of Whiskers.”

Cash Grain

—Dec. 23 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41*/ 2 c New York rate, were: Wheat—Easy: No. 1 red, 48®49c; No. 2 red. 47®48c; No. 2 hard. 47@48c. Corn—Steady: No. 3 white, 26‘/ 2 @27’/ 2 c; No. 4 white, 25/ 2 @26%c; No. 3 yellow, 25’/ 2 @26'/ 2 c; No. 4 yellow, 24%®25 , / 2 c; No. 3 mixed, 24’/ 2 @25’/ 2 c; No. 4 mixed, 23 ’/ 2 @ 24 %c. Oats—Easy: No. 2 white, 21%@2274c; No. 3 white, 2014@21%c. Hay—Steady (F. o. b. country points taking 23 '/ 2 c or less rates to Cincinnati or Louisville.) No. 1 timothy, [email protected]; No. 2 timothy, [email protected]. —lnspections Wheat— No. 2 red, 1 car. Total, 1 car. Corn (new)—No. 2 white, 1 car; No. 4 white, 3 cars; No. 3“yellow, 9 cars; No. 4 yellow, 15 cars; No. 4 mixed, 3 cars. Total, 31 cars. Oats—No. 2 white, 3 cars; No. 3 white, 8 cars; No. 4 white, 2 cars. Total, 13 cars. In the Air Weather conditions at 9 a. m.: West wind, 22 miles an hour; temperature, 53; barometric pressure, 29.77 at sea level; ceiling, upper and lower scattered clouds, unlimited; visibility, 20 miles; field, good. PETTIS CHIEF IS SENT ‘LARGEST MESSAGE’ 502 Store Employes Sign Huge Christmas ‘Greeting Card.’ What is believed to be the largest message ever to pass through the Indianapolis Western Union offices was delivered today to Robert B. Gable, president of the Pettis Dry Goods Company store, at a Christmas rally for employes. The message was four by six feet, and was signed by 502 Pettis company employes. It read: “May this be your happiest Christmas and 1932 our most prosperous year.” Nearly a week was required to obtain all the signatures of employes. The reproduction was created under direction of Herschel C. Wheeler, display manager of the store. HOME BUILDERS MEET Drawing of 1932 Model Dwelling Is Presented at Session. Santa Claus took time off during this, his busiest season, to appear before members of the Indianapolis Home Builders’ Association Wednesday night at the Washington. Santa’s gift to the home builders was the architect’s drawing of the Cape Cod dwelling, the 1932 model home, now under construction at 5240 Cornelius avenue. J. Harry Miles, president, was host to thirty-three members at the dinner. FREEDOM IS HIS GIFT ‘Alfalfa Bill’ Releases Prisoner, Under Unjust Sentence. By United Press OKLAHOMA CITY, Dec. 24. Governor W. H. Murray gave Homer Ross something njore than a Christmas parole. Advised that Ross was innocent in the robbery of the First National bank of Jennings in 1924, and that the real robber, Fred Davis, had committed suicide in the Chandler jail, the Govemer freed Ross from the penitentiary. He was serving a 35-year sentence.

DIUREX Eliminates the Poisons that Destroy Kidneys. Sold and Guaranteed At AU HAAG DRUG STORES

®Safe. Sound. Sure Automobile Insurance State Automobile Inmrnc Am. Occident*! Bldg. ' LI. 8671

if Registered C. • U 1 Patent Office RIPLEY

Bright Spots of Business

By United Press GASTONIA, N. C.—Full-time operations for twenty-one yarn mills of Textiles, Inc., was assured for 10 o.v 15 weeks beginning Jan. I. NEW HAVEN. CONN.—Winchester Repeating Arms Company will resume operations Jan. 4, Employing about 2,500 persons, it was announced. $20,639 oS e Aug° 1 23 i°9 6 30' 939 ’ com P ared Births Boys ho?mta e i hOW and Rose sturm ' Coleman huspitaL* 1 * Bnd Alberta Ta vlor. Coleman hostfita°' n and MarKaret Snyder, Coleman ho?piUl* and Ellzabeth Alte. st. Vincent's Dital hn nd Thelma Paul - st - Vincent’s hosmond nk and RUth Arnold - 1537 East RavhospUaaind and Z °* Edineton - Methodist Dita aUl 6nd JeSSl ® Dodd ' Methodis t hosdis 3 t I ’hosnita and PranCeS McCune ' Meth °- hosDUaf 1 Bnd Bernlce Beem ' Methodist Eleventh aRd Ruth Tolnaslc - 1438 East Girls hortta an Bnd Esther McLellen. Colemkn hospital' “ nd HatUe Hinkle - st - Vincent's hof d itai rd and Elsi ® McNultv - st - Vincent's p ?. ul v an l. Margaret Sylvester. St. Vlncent s hospital. Edmund and Marguerite Zeph. St, Vincent’s hospital. Everett and Ruth Weis. 1120 North Eucila. Joseph and Marian Kaylor. Methodist nosDltal. Clyde and Dorothy McCord. Methodist hospital. Deaths Amos H. Haines. 84, 620 North Rural arteriosclerosis. Sarah Hill. 50. 423 Patterson, acute cardiac dilatation. Robert Donald Boyer. 11 mo.. 1730 Lockwood. scarlet fever. John Waddie. 41. 2309 North Capitol ruptured cystic tumor. Joseph McLaughlin. 73. 346 West Twen-ty-ninth. lobar pneumonia. Mary L. Miler. 57. Methodist hospital broncho pneumonia. George High. 74. city hospital, pulmonary embolism. Esten Edward Abaugh. 41. city hospital acute nephritis. Henry C. Rodenbeck. 56, 722 West Thir-ty-first. carcinoma.

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

WE BIiJY AND SELL U. $. LIBERTY LOAN BONDS U. S. TREASURY CERTIFICATES U. S. INSULAR AND * TERRITORIAL BOND* INDIANA MUNICIPAL BONDS INDIANA GRAVEL ROAD BONDS FEDERAL FARM LOAN BONDS JOINT STOCK LAND BANK BONDS Fletcher American company AFFILIATED WITH THE FLETCHEK AMERICAN NATIONAL BANK 41 NORTH PENNSYLVANIA STREET •

DEC. 24, 1931

FUTURES SELL UP ON STRONG FOREIGN NEWS Evening-Up for Holidays Holds Trade to Dull Range. BY HAROLD E. RALNVILLE United Press Staff Correspondent CHICAGO, Dec. 24—Wheat reflected the strong tone at Liverpool at the opening today and rose a minor fraction on the Board of Trade. The easiness in stocks failed to affect the market to any extent at the start, although December was easy on evening-up selling with only three more days of trading left. Liverpool gained strength from the decreasing stocks. Corn and oats had a very slow start and were mostly unchanged, although there was some selling in December corn. At the opening wheat was H cent lower to M cent higher, corn was unchanged to % cent lower and oats was unchanged. Provisions were slow and steady. Liverpool Closes Higher Liverpool closed slightly higher than expected, unchanged to •% pence up or ’i to 6 cent higher. Traders expected today's market to be largely evening-up for the three holidays with the session quiet unless some outstanding news should be received. Prices are working toward an export level but Canadian grain still is underselling the American article. All world markets will be closed Friday and Saturday except the Chicago butter and egg market, which will be open on Saturday. Corn Report Bullish The government report Friday showing an increase of 4.500.000 pigs on country farms was a highly bullish development for the corn market although seemingly ignored due to the holiday dullness. Country offerings have increased somewhat recently with the warm weather lessening the feeding on farms. Oats trade is mostly of a local character with the trend following the action of the other grains in a dull market. Chicago Grain Range —Dec. 24WHEAT— Prev. High. Low. 11:00. close. Mar 54 .53% .54 .53% May 55% .55% .55% .55% July 54% .54% .54% .54% CORN— Mar 38 % May .40% .39% .40% .407* July 41% .4174 .41 Vi .41% OATS— May J 5% .25% July 24% RYE— Mar 4314 May 44% .44% .44% .44% | LARD— , Jan . 5.45 May 5.74 By Times Special CHICAGO. Dec. 24—Carlots: Wheat. 1; corn. 103: oats. 36; rve. 0. and barley. 15. By Times Special CHICAGO. Dec. 23.—Primary receipts; Wheat. 416.000. against 723,000; corn, 500,000. against 881.000: oats. 186.000. against 162,000. Shipments: Wheat, 444.000. against 456.000: corn. 166.000, against 510,000; oats. 138,000. against 159,000. By United Press CHICAGO. Dec. 23.—Cash grain close; Wheat—No. 5 northern. 48c. Corn—No. 3 mixed, 35'/a@36%c; No. 4 mixed. 35@35%c; No. 2 yellow. 38c; No. 2 yellow, old. 39% @4oc; No. 3 yellow. 34%@37c: No. 4 yellow. 33’/ 2 ®35%c; No. 5 yellow. 33%®35%c; No. 6 yellow. 32%c; No. 3 white. 357->@ 37lie; No. 4 white. 33%@35%c. Oats— No. 2 white. 25@26%c: No. 3 white. 24® ■)s’/2c; No. 4 white. 24c: sample grade. 22c Rye—None. Bariev—42®>s7c. Timothy—s4®4.2s. C10ver—[email protected]. By United Press TOLEDO. 0., Dec. 23.—Close: Elevator prices: Wheat—No. 2 red. 59’/ 2 ®60%!C. Corn—No. 2 yellow. 39@40c. Oats—No. 2 white. 28@29c. Rye—No. 2. 51c. Grain on track. 28'/ 2 -cent rate. Wheat—No. 2 red. 54 i/ 2 @55c; No. 1 red. 1-cent premium. Corn—No. 2 yellow, 34@35c: No. 3 yellow, 32 , / 2 @33V 2 c. Oats—No. 2 white. 25@26c No. 3 white. 23V4@25c. Clover—Prime $8.50; February, $8.75: March, $8.90. Alsike—Cash, $8.50; February. $8 75: March, $8.85. Butter—Fancy creamery. 31 @ 32c. Eggs—Current receipts, 20® 23c Hay—Timothy, per cwt., sl.

Local Wagon Wheat

City grain elevators are naving 44c for No. 2 red wheat and 44c for No. 2 hard wheat.

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