Indianapolis Times, Volume 43, Number 199, Indianapolis, Marion County, 29 December 1931 — Page 11

kV-AiO, 1031.

STOCKS SHOW GOOD SAINS IN BRISK TRADING Year-End Rally Begins; List Carried Up Fractions to 2 Points.

Average Stock Prices

Average of thirty Industrials for Monday 73 84, off 2.00. Average of twenty rails 32.78. off .94 Average of twentv utilities 30.55. off 86. Average of forty bonds 76.40, off .86. BY ELMER WALZER United Pres* Financial Editor NEW YORK, Dec. 29.—The usual year-end rally on the Stock Exchange came today after a steady opening. Pressure lifted as taxselling operations decreased and around noon the list was up fractions to 2 points. Railroad shares, utilities and industrials participated. Coppers were holding around the previous close with Anaconda particularly active. Motor shares rose, featured by Auburn which spurted 5 to 130. Steel Leads Upturn Steel common led the industrial division, rising l'i points, to 38Vs. American Can, Westinghouse Electric, Du Pont, Woolworth, Bethlehem Steel, Allied Chemical and Case rose fractions to 2 points. In the railroad division. New York Central was the favorite, rising IV4 points to 29'j. New Haven rose fractionally to 20 on publication of an .analysis showing the read would earn fixed charges more than l'/ 2 times, the minimum requirement to keep its bonds on legal lists in New York state. Bonds Show Firmness No little help was given the stock market by a firmer tendency in bonds where railroad issues again turned upward. Grains also were steadier and cotton gained a few points. Call money held at 3 per cent with a firm undertone. Demand for funds at this time of year were reflected in the treasury offering of $100,000,000 of 91-day bills sold at a bank discount interest rate of 3Vi per cent, compared with 2.59 per cent for an issue sold on Nov. 30. This firmer situation, however, was not expected to continue because of lack of demand for commercial purposes.

Bank Clearings

INDIANAPOLIS STATEMENT —Dec. 29Clearings $2,718,000.00 Debits 5,393.000.00 TREASURY STATEMENT —Dec. 29 Net balance for Dec, 24 *500,185,399.48 Expenditures 8.458.584.66 Customs rects. mo. to date.. 21.206,994.87

New York Curb Market

(By Thomson & McKinnon) ■ —Dec. 23 11:00i 11:00 Alum Cos of Am SC.I Humble Oil .... 44 5 ,e Am Cynamid.. 2 V Imp Oil of Can. B Am Gas &. Elec 3ft‘•..•lnd Terr (A) .. 4>/ 2 Am Lt At Trac 19 1 2 Int Pete 8% Am Sup Pwr.. 3 5 h Midwest Ut ... S', Ark Gas (A).. i’j'Mo Kan Pipe .. 1V Asso Gas & El 3’n Mt Prod 2'n Brnz Pwr At Lt Aviation... 2>* Can Mare 7(,Newmont Min .. 10 Cent Sts Elec.. l'j.Nla Hud Pwr .. 5Ti Cities Serv .. 5V Penroad 2 Cord 6 7 n Sel Indus % Deere Ac Cos ... 9 3 4 ! Std of Ind 13'a Elec Bond Ac Sh 10 I Trans Air Trans IVi Gen Avia 2 T /n;JJn Gas (A) ... 1% Ford of Can ... 9 Un Lt/& Pwr.. 5% Ford of Eng .. 4'ijUt & Indus ... 2 Fox Thea Vjjt Pwr (B) ... 2*4 •Goldman Sachs 1%| Van Camp .... 1V 4 Gulf Oil 25Vi ! United Fndrs... l' Hudson Bay ... 1%!

New York Bank Stocks

(By Thomson At McKinnon) —Dec. 28 — Bid. Ask. Bankers 56 58 Brooklyn Trust 155 165 Central Hanover ~. 129 133 Chase National 27 * a 29’i -Chatham Phoenix Natl ... 17Vi 19 1 2 tChemical '... 25 3 4 27 3 4 City National 36V 38V4 •Corn Exchange 58' a 61 1 2 ■Commercial 130 138 -Continental 13Vi 15*4 Empire 21 Va 23 Vi First National 1.820 1920 Guaranty 249 254 Irving 15V4 16 3 4 Manhatten A: Company ... 28 30 Manufacturers 27*4 29 3 New York Trust 68 71 Public 19'i 21 Va

Chicago Stocks Opening Bv James T. Hamill & Cos. —Dec. 29 Asso Tel Util ~.13 ILib Me Pr 3H Bendix Avia IS', [Middle West 5V4 Bore Warn 4 3 ! Natl Sec Com ... 1 Cont C Pfd 14 1 i iNatl Sec P 36 Chic Gee 1 3 VN ft S Am A IV4 Orlgsbv Grun .. l'nShri Util 1 Gt Lks A 'a Swift A: Cos 18 Ilotid Hersh A . 9 Tit & Ind Com .. 2 Flee Hhld 4’„ Walgreen Strs .11 Insull Com 5 'Zenith Radio ... -'i Insult 6s. ‘4O .. 29 I

Investment Trust Shares

Bv Gibson A: Bernard TRICES ARE TO 12 NOON <C. S. TANARUS.) —Dec. 39 . Bid Ask Am. Pounders Corn. Com i'a Am. & Gen. Sec. A 4> 2 Am. Inv. Tr. Shares 2 2' t Basic Industry Shares 2's "Collateral Trustee Shares A .... 34 5 h Cumnlatlve Trust Shares 3V, 3** Diversified Trustee Shares 6' 2 Fixed Trusi Oil Shares ........ 3', Fixed Trust Shares A 6’* ... Fundamental Trust Shares A .. 3- 1 * 3 , Fundamental Trust Shares B .. 4’ a leaders ol Industry A 3 3 Low Priced Shares 3 Nation Wide Securities 3 3-a North American Trust Shares .. 2 i ... Selected American Shares ? Selected Cumulative Shares .... S'j h Selected Income Shares 3 3>a Shawnfut Bank Miv. Trust 1 3 Std. Afn. Trust Shares ........ 3 -i* Super. Com. of Am. Tr. Shares 3 3 3 * . Trustee Std. Oil A •*? * Trustee Std. Oil B 2J* ■Citified Service Trust Shares A.. 2V, ti. 8. Elec. Light * Power A 16'* IS, 'a Vniversal Trust Shares 2*i S’s

Net Changes

Uil I’nUed /‘res* NEW YORK, Dec. 28 —Closing prices and net changes in principal stocks traded today on the New York Stock Exchange follow: Off. Allied Chemical 9 American Telephone 5 1~ Case ,* Consolidated Gas j”* * * Electric Power * 2 General Electric ,1 3 ‘ General Motors.... L " International Nickel -5* International Telephone ■ Loew’s Inc rr 3 * ~ Lorlllard V ■N Y Central } * North American 3 i * V Paramount ..P s Pennsylvania i-s* ,* Radio Keith ... i’ 6ears Roebuck • Standard Oil N f.l? .* Texas Corp . igj ■ EpSSSa"" * •

New York Stocks ibv Thomson & McKinnon,""" 1

—Dec. 29 Prev. Railroads— High. Low. 11 00. close. Atchison 82 81 82 82% At! Coast Line ..28 27 28 29% Balt & Ohio 15% 14% 14% 14% Chesa & Ohio .. 28% 25% 26% 25% Chesa Corp 151. Ch! Ort West 2% Chi N West 5% 5% s*i 5% C R I 4 P 8% 8% Del L k W 20 20% Del ti Hudson 69 Erie 5% 5% Erie Ist pfd 7 6% 6% 7 Great Northern. 17% 16% 16% 17% Illinois Central. 10 9% 9% 9% ! Kan Citv So ... 8 7% * N a h 21% 21% 21% 21% Mo Pacific 7% 7 71% 6% Mo Pacific pfd.. 13% 13 13 12% N \ 9£, tral 29% 28% 29 28% NY NH A; H 20% 18% ’26 19% Nor Pacific 15% 15 15% 15% Norfolk St West 115 115 OSW a y Pere Marq 4% 41/_ Pennsylvania ... 18% 17% 18% 17% Reading 32% Scab Air L 1,1 1. | 27% 26% 26% 26-t Rv 7% 7% 7% 7% St Paul fid 2% 2% 2% 2% St L .... 3% 33% 3 Union Pac 72% 71 71% 71% Wabash 1% 1% W Mary 0% West Pac 2 1% Equipments— Am C & F 5% 5% Am Loco 5% 5 5% 5% Am Stl Fd 5% b% Am Air Br S .. . ... 14% 13% Gen Am Tank .. 29% 29% 29% 29 Gen Elec 24% 24 24 24 Gen Rv Sig 22% 22 22% *3 N Y Air Br 6% Pr Stl Car 1% Pullman 15% 15% 15% 15% West Ar B .... 13% 13% 13% 13% West Elec 23% 22% 23% 23 Rubbers— Firestone 13% 13% Fisk % % Goodrich 3% 3% 3% 3 % Goodyear ... 14% 14 Kelly Sprgfld 1% 1% U S Rub 3% 3% Motors— Auburn 127% 123% 125% 124% Chrysler 13% 13 13% 13 Graham Paige 3 s 3% 3% 3% General Motors. 22% 22 22% 22 Hudson 10% 10 10% 10% Hupp 4 % 4 4 ... Mack 13% 13% 13% 13 Marmot) 1% Nash 15% 15% 15% 15 Packard 4 3% 4 3% Reo 3 Vs 33 Vs 3% Studebakcr 11% 10% 10% 11% Yellow Truck ... 3Vs 33% 3’/a Motor Access— Am Bosch 6 6 Bendix Aviation. 16% 16% 16% 16% Borg Warner 9% 9% Briggs 8 7% 7V a 8 Budd Wheel .... 32% 2% 3 Campbell Wy ... ... 5% Eaton 5% 5% 5% 5% El Storage B 26 26 Hayes Body ] 1 Honda 0 ... 2% 3 Motor Wheel 5 Sparks W 2% 2% 2% 2% Stewart Warner 5% 5 5% 5 Timkin Roll ... 17 16% 17 17 Mining— Am Metals . 5Vi 5% Am Smelt 15% 18% 18% 18% Am Zinc 2% Anaconda Cop.. 10% 9% 10 9% Mining— Alaska JUn .... 13% 13Vi 13% 13% Cal & Hecla 3% 33 3Vi Ccrro de Pasco. 11% 11% 11% 11% Dome Mines 7Vi 7% Freport Texas... 16% 15% 15% 16% Granby Corp 6 5% 6 6 Great Nor Ore 11% Howe Sound 13% 14 Int Nickel 7% 7% 7% 7% Inspiration 3% 33 3 Kennecott Cop... 10% 10 10% 10% Magma Cop ... 8% 8% Miami Copper 3 Nev Cons 5% 5% 5% 5% Texas Gul Sul.. 22% 21% 22 22 U S Smelt 15% Oils— Amerada 12 12 Vi Atl Refining 9 8% 8% 8% Barnsdall 4% 4 4 4% Beacon ... 10 ... Houston 3 Vi 3% Indian Refining 1% Ohio Oil 5% 5% 5% 5% Mex Sbd 6Vi 6Vi 6Vi 6% Mid Conti 5% 5Vi 5Vi 5% -Pan-Amer (Bi 18 Phillips 4% 4 4 4 Vi Pr Oil & Gas.. 4% 4% 4% 4% Pure Oil 3% 3% 3% 3% Royal Dutch .. 13% 13% 13% 13% Shell Un 2% 2% 2% 2% Simms Pt 3% 3% 3% . . ! Sinclair 4% 4% 4% 4% Skelly 2% 2% Standard of Cal 24% 23% 24% 24 Standard of N J 26% 26% 26% 26% Soc Vac 8% 8% BVi 8% Texas Cos 10% 10% 10% 10% Union Oil 12% 12% Steels— Am Roll Mills .. 7% 7% 7Vi 7% Bethlehem 1. 18 17% 17% 17% Byers A M 11% 11% 11% 11 Colo Fuel 6% Cruc Steel 20% 20 20 21% Inland 21Vi 21’/ McKeesport Tin. 45Vi 44Vi 44% 45Vi Midland 8 7% 7% Repub I4i S 4% ’4% U S Steel 37% 36% 37 Vi 36% Vanadium ... 12% 12% Youngst S St W 6 6 Youngst S & T 12Vi 12% Tobaccos— Am To (Anew). 65% 65Vi 65% 64% Am To (B new). 67% 67 67% 66% Lig & Myers B . 45% 45% 45% 45% Lorillarti 12 Vi 11% 12 11% Reynolds Tob ... 32% 32% 32% 32% Tob Pr (A) 6% 6% 6% 6% Tob Pr <Bt 2% 2% 2% 2% Utilities— ~ * /a Abitibi .. ... ~ 2% Adams Exp 3% 3% '3% 3% Am For Pwr..,. 7 6% 6% Am Pwr &Li 13% 13 AT&T 113% 112% 113% 113% Col Gas & EL. 12% 11% 11% 1214 Com & Sou 3% 3% 3% 3% El Pwr &LI 10% 10% 10% 10% Gen Gas (A) 1% lu, Inti T & T 8 7% 7Vi 754; Natl Pwr & Li.. .. ... 134 13% No Amer Cos 31% 30% 31% 31% Pac Gas & El.. 32% 32Vi 32% 32% Pub Serv N J.. 53% 52 53% 52% So Cal Edison.. 30% 30 30% 30 Std O & EL... 27% 26% 27% 26% United Corp ... 8% 8 8% 8% Ut Pwr & L A 8% 8% West Union 41 40% 41 41 Shipping— Am Inti Corp... 5% 5% 5% 5 N Y Ship 4 United Fruit.. 19% 19% 19% 19% Foods— Am Sugar ..... 36 Armour A % % Beechnut Pkg 3% Cal Pkg 8 8% Can Dry 10% 10% Childs Cos 6 5% 5% 5% Coca Cola 103 102% -03 103 Cont Baking A. .. . 5 5% Corn Prod 39 3 \ 39 39 Crm Wheat 21 Cudahy Pkg , '36% Cuban Am Sug 1% Gen Foods 32% 31% ‘32 32 Grand Union .. 71: 71/. Hershey 79)? Jewel Tea 30 Kroger 13% 12% 12% 12% Nat Biscuit .... 39% 38% 39V 38% Pillsbury 20% 20% Purity Bak .... 11% n n Safeway St 40% 41 Sid Brands .... 12% 12 12% 12% Ward Ekg g% Drugs— Cotv Inc 5% Lamebrt Cos ... 48% 47% *47% 48 Lehn <fc Fink .. 10*4 Industrials— 1 Am Radiator .. 6% 6% 6% 6>A Bush Term ig Certainteed 2% 2% Gen Asphalt ... 11' insi Lehigh Port .... 5% . 5% °tts Eiev 19% ig.% 19% Indus Chems— Allied Chem ... 66% 65% 66% 64% Com Solv 7% 7% 7% 7% Union Carb ... 29% 28% 29% 28% U S Ind Aleo. . . 26% 24% 26% 24% Retail Stores— Assoe Dry Gds .6 5% 5% 6 Oimbel Bros *514 Kresce S S ... 15% 15% 15% 151, Mav D Store .... . . . is% Mont Ward ... 7 6% 7 7 Penn” J C .... 27% 27% -7% ?7% Schulte Ret St . ... 4 Sears Roe 33% 33% 32% 32% Woolworth 39% .38 39% 38% Amusements— Bruns Balke 2% .. Col Granti 2% Croslev Radio 2%* 2% Eastman Kod .. 80 77% 80 78'Fox Film A 2% 2% 2% 2'* Ortcsbv Gru l'i 1% I.oews Inc 26% 25% 26', 25% Parana Fam .... 8% 6% 6% 6% Radio Corp s’i 5% 5% 5'A R-K-O % Warner Bros .... 2% 2% 2% 2% Miscellaneous— Airway Arm 1% !Vi Citv Tee & Fu 27 26% 27 Conroleum .... 8% 8% 8% 8% Am Can 59% 58% 59 3 4 59% Coni Can 34% 33% 34 32% Curtiss Wr l'i 1 l'i 1 GilMt* S R 10% 10% 10% 10% Peal Silk ... 3% f% TTn A rest -.0% 10% 10% 10% In' Harv 23% 22% 23% 23 J I Case 40% 39% 40% 39% New York Liberty Bonds —Dec. 28. 3%S *O7 28 Ist 4%s 99.10 4th 4%s 99.4 Treasury 4%s 100.3 Treasury 4s 99. Treasury 3%s 95.24 Treasury SHs of ’47 93. Treasury 3%s of '43 (March) 93.16 RAW SUGAR PRICES —Dec. 28 —■ High. Low. Close. January 1.04 1.02 1.04 March 1.11 1.09 1.11 May 1.16 1.15 1.16 July 1.21 1.20 1.31 September 1.27 1.26 1.27 December 1.34 1.32 1.34 NEW YORK COFFEE RANGE —Dec. 28— High. Low. Close. March 5 80 5.71 5.76 May 5.90 5.89 5.89 September 6.08 6.08 6.08

PORKER PRICES DROP 15 CENTS AT CITY YARDS Cattle Slow, Range Steady to Lower; Sheep Are Unchanged. Hogs dropped fractionally this morning at the city yards, prices ranging 10 to 15 cents under Monday's best figures. The bulk, 100 to 325 pounds, sold for $4.15 to $4.65; early top made at $4.70. Receipts were estimated at 6,000; holdovers were 315. In the cattle market steers were slow, most bids lower. She stock showed few changes. Receipts were 1,400. Vealers'sold off 50 cents to sl, ranging from $8 down. Calf receipts were 600. Lambs were fully steady with the previous session. Most sales were around $5.75 to $6.10 with some held higher. Receipts were 2,500. Chicago hog receipts numbered 37,000, including 2,000 direct. Holdovers 3,000. Market opened slow, with a few sales on 160 to 220 pounds ranging from $4.40 to $4.50, mostly steady to 10 cents lower. No action on heavier weights, few bids slightly lower. Cattle receipts 8,000; calves, 1,500, market steady to 25 cents. Sheep receipts 15,000. market steady.

Dec. Bulk. Early Top. Receipt?. 21. $4.10® 4.25 $4.45 6.000 22. 4.25® 4.60 4.60 5,500 23. 4.10® 4.50 4.50 5.500 24. 4.25® 4.75 4.75 2,500 28. 4.25® 4.80 4.80 9.000 29. 4.15© 4.65 4.70 6,000 Receipts, 6,000; market, lower. (140-160) Good and choice. ..$ 4.50 —Light Lights—-(l6o-180) Good and choice... 4.65© 4.70 —Light Weights—-(lßo-200) Good and choice... 4.65® 4.70 (200-220) Medium and r00d... 4.55 —Medium Weights—-(22o-250) Good and choice... 4.45® 4.55 (750-290) Medium arid g00d... 4.25© 4.35 —Heavy Weights—-(29o-350) Good and choice... 4.00® 4.25 —Packing Sows—-(3so-500) Medium and g00d... 3.25© 3.85 (100-130) Slaughter pigs 4.50 CATTLE (SLAUGHTER CLASS) Receipts, 1,400; market, steady. —Steers— Good and choice $ S-? 3 ®*®' 33 Common and medium ..50® 5.75 (1,100-1,500) Good and choice 6 Common and medium 4.50® 6.00 —Heifers—-(£oo-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 1.25® 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, 600; market, lower. —Vealers— Good and choice $ 7.50© 8.00 Medium 5.50® 7.50 Cull and common 3.50® 5.50 —Calves — Good and choice 4.25© 6.50 Common and medium 2.00© 4.25 —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, 2,500; market, steady. Good and choice 5 5.75® 6.25 Common and medium 3.50© 5.75 Ewes, medium and choice... [email protected] Cull and common 50© 1.25 Other Livestock By United Press

CHICAGO, Dec. 29.—Hogs—Receipts, 37,000, including 2,000 direct: unevenly weak to 10c lower; early top. $4.55: bulk 170210 lbs.. $4.45ft 4.50; 220-280 lbs., 54.25® 4.40; most packing sows, $3.50(0 3.65; strong weight Digs, [email protected]; light lights 140-160 lbs., good and choice. $4.25(0)4.50; light weight 160-20 lbs., good and choice, [email protected]; medium weights. 200-250 lbs., good and choice, $4.30414.50; heavy wei"hts, 250-350 lbs., good and choice, $4.'% 744.40; packing sows. 275-500 lbs., meaium and good, $3.45®3.75; slaughter pigs. 100-130 lbs., good and choice, $3.75® 4.30. Cattle —Receipts. 8,000; calves. 1,500: too many medium grade short fed steers here; bidding 25e or more lower; few loads good to choice offerings about steady on shipper account: she stock weak; bulls and vealers. steady: best weighty steers. $9.50; slaughter cattle and vealers; steers, 600-900 lbs., good and choice s7® 11; 9001,100 lbs., good and choice, $74711.25; 1,100-1,300 lbs., good and choice, $7®11.25; 1.300-1.500 lbs., good and choice. [email protected]: 600-1.300 lbs., common and medium. $3.75 @7.25; heifers. 550-850 lbs., good and choice. $5.75(57.75: common and medium. [email protected]; cows good and choice. $3.5047 415; common and medium. [email protected]; low cutter and cutter, 52(5 3: bulls yearlings excluded, good and choice beef, $3.75(5) 4.25: cutter to medium. $2.50®4: bealers, milk fed. good and choice. $6.50@8; medium, [email protected]: cul and common, $3.50@ 5; Stocker and feeder cattle; steers 5001.050 lbs., good and choice. $4.75475.75; common and medium. [email protected]. SheepReceipts, 15,000; few bids and sales mostlv steady with Monday’s close: medium to good lambs. $5®5.75: best held higher at $6.50; packers bidding lower; • slaughter sheen and lambs; lambs. 90 lbs., down good and choice $5.25(56.25; medium. $4 50 @5.25; all weights common. [email protected]<1: ewes. 90-150 lbs., medium to choice, $1.50 @2.75: all weights cul and common. $1.25 @2: feeding lambs 50-75 lbs., good and choice, [email protected]. By United Press CINCINNATI, Dec. 29.—Hogs—Receipts, 4,700: held over. 350: steady to weak; some interests refusing to follow and bidding loader; better grade, 160-230 lbs., [email protected]; mostly $5.10 on around 210 lbs. down; some 240-270 Isb.. $4.60(54.90: 280-300 lbs. held around. $4.50; 120-150 lbs., weak to 25c lower at $4.25 to mostly $4.50; sows steady; bulk $3.50. Cattle—Receipts, 400; calves, 300; generally steady; some weakness on cows late; odd lots, common to medium steers and heifers [email protected]; a few better finished kind up to $6.50; beef cows $3.25(53.75; low cutters and cutter cows, $1.75(5.3: bulls firm; best, $4.50; vealers mostly 50c higher: good and choice. sß® 8.50; lower grades, $7.50 down. SheepReceipts, 200: lambs steady to strong: spots 25c higher; better grades $5.75 to mostly $6; a few $6.25; common and medium, [email protected]; sheep strong; best ewes quotable $2. By Times Special LOUISVILLE, Dec. 29.—Hogs—Receipts, 750, steady; 175-240 lbs., 54.80; 240-300 lbs.. $4.50; 300 lbs. up. $3.90; 175 lbs. down. $4.40; packing sows, $2.90(<i,3.65; stags. $2.65 down. ’ Cattle—Receipts, 200, steadv with Monday's lower close; best slaughter steer and heifers. $4,504/ 6: slaughter cows, [email protected]; extreme top bulls, $4: stockers and feeders, s3@s. Calves—Receipts. 250, steady: general top, $6.50; extreme top, $7: medium and out vealers $4.50 down. Sheep and lambs— Receipts. 100. steady: best fat lambs, 55.50; buck lambs, $4.50; throwouts. $3 down: fat ewes, $2 down. Monday's shipments: Cattle, 115; calves, 86; no hogs or sheep. By United Press PITTSBURGH. Dec. 29.—Hogs —Receipts. 800: market mostly steadv; 150210 lbs. $5.25 V, 5 Ik 220-250 lbs., $4.75® 5.15: pigs mostly $5 downward; packing sows upward to $4. Cattle—Receipts, 15: market nominal. Calves—Receipts. 75: market mostly steady: better grade vealers $7.50419.50; common and meaium, $4.50@ $7 Sheep—Receipts. 500: market, steady: better grade lambs. $6176.50: mixed and heavy kind. $5.35475 common and medium grade. [email protected]. By United Press TOLEDO. Dec. 29.—Hogs—Receipts, 250: market 10c to 25c lower; heavies, $3,75 @4; mediums. [email protected]: yorkers. $4.50 474.65; pigs [email protected]. Cattle—Receipts, 50: market,' slow. Calves—Receipts, light: market, strong: top. $9. Sheep—Receipts, light; market, steady. By United Press EAST BUFFALO, Dec. 29.—Hogs —On sale. 1.600; weights below 210 lbs., active to shippers; 20@25c under Monday’s average: heavier kinds scarce, about steadv: medium choice 120-200 lbs., $5.35 to mostlv $5.40: few 225 lbs., $5 25: odd lots 270-325 lbs.. $4.5047 4.75. Cattle—Receipts. 25; cows steady, nothing done on holdover steers; calves, receipts, 100; vealers. $1 higher; bulk better lots. $10.50: common and medium. s7@9. Sheep—Receipts. 300: lambs, steady to weak: fed western straight. $6.25; few natives, $6.50; common and medium, $5.50. By United Press LAFAYETTE. Ind.. Dec. 29—Hoe market. 160-180 lbs.. 10c higher: other weights steadv to 5c lower; 160-180 lbs.. $4.60; 180-200 lbs.. $4.45: 200-225 lbs., $4.35: 325250 lbs.. $4.25: 250-375 lbs.. $4.10; 275-300 lgs.. $4; 300-325 lbs.. $3.90; 140-160 ibs.. $4.25; 120-140 lbs.. >64.10: 100-120 lbs.. $4. Roughs. 53.50 dowitf top calves. $7; too lambs. *4@s,

THE INDIANAPOLIS TIMES

Dow-Jones Summary

Chicago St Northwestern November net. operating deficit *665.481. against net operating income of *303.077 In 1930; eleven months' net operating income *6,064,192. against *16,297.328. Canadian Pacific November net operating income *4,774.625, against *4,985.734 in 1930.; eleven months, *24,087,291. against *34,483.958. New York cables opened In London at 3.43%. against 3 42%; Pari*, checks, 87.75; Amsterdam, 8 5625; Italy, 67.50, and Berlin. 14.437. Illinois Central November net operating income amounted to *1,754.661, against $1,711,466 in November, 1930; eleven months *10,316,839. November output of automobiles tn United States totaled 68,867, against 80,143 in October and 136,754 in November. 1930; Canadian production 1,247, against 1,440 In October. Domestic crude oil production in Week ended Dec. 26. averaged 2.288,690 barrels dally, a decrease of 130.117 from preceding week, according to Oil and Gas Journal. Maine Central November net operating income $29,393, against $123,155 in November, 1930; eleven months, $1,781,555, against *2,688,817. Minneapolis & St. Louis November net operating deficit amounted to $12,441. against net operating income of *8,675 in November. 1930; eleven months' net operating income amounted to *123,533, against *583.439. Mercantile Trust Company of Baltimore declared the regular quarterly dividend of *3.50, payable Dec. 31, of record Dec. 30. Firestone Tire and Rubber Company and subsidiaries in year ended Oct. 3|, net profit $6,028,631 after charges, equal! after preferred dividends to $1.25 a share on 2.115.268 common shares, against $1,541.034. or $2.66 a share on 578.633 shares of 6 per cent in preceding fiscal year; sales $113,797,383, against $120,015,663. Directors of J. D. Adams Manufactur- : ing Company of Indianapolis, declared a quarterly dividend of 30 cents a share on common capital stock, payable Feb. 1, of record Jan. 15. Carman & Cos. declared the regular quarterly dividend of 50 cents in class A stcok, payable March 1, of record Feb. 15.

Bright Spots of Business

By United Press NEW YORK, Dec. 28.—International Paper Cos. announced plans to spend between $2,000,000 and $3,000,000 for development of a Hudson river mill at Corinth, N. Y. SAN FRANCISCO —Alaska Juneau Mining Cos. placed the stock on a 50-cent annual basis, against 10 cents previously. New York—lnternationa) Business Machines Corporation added $1,589,150 to earned surplus in the first nine months of 1931, after paying out $2,000,000 in dividends. LOS ANGELES—Western Air Express system carried 3,200 passengers In the first eleven months of 1931, compared with 1,542 in the corresponding period of 1930. NEW YORK—New York Telephone Cos. announced it will spend $10,513,265 for new construction in New York state, bringing total for 1932 to $69,116,545.

In the Cotton Markets

(Bv Thomson & McKinnon) NEW YORK, Dec. 28—The cotton market was 7 or 8 points lower this morning, probably in sympathy with other markets, as there was a fair amount of trade buying. The Far East appears to be buying cotton, both in the south and in New York. China is also in the market. Spot sales last week in the ten principal markets were three times as great as for the same week last year. The public interest in the market is probably very small. Technically, we think the market is gradualy improving as cotton is rapidly passing out of first hands. The low price leads us to the belief that investment buying on a scale down will prove profitable. —D6c. 28— CHICAGO „ High. Low. Close. May 6.68 6.59 6.64 March 6.53 6.43 6.43 January 6.30 6.28 6.23 July 6.86 6.78 6.81 October 7.07 6.98 7.01 NEW YORK High. Low. Close. January 6.29 6.22 6.26 March 6.47 6.36 640 MW 6.63 6.52 6.56 July 6.84 6.70 6:74 October 7.05 6.92 6.96 December 7.24 7.12 7.14 NEW ORLEANS March 6.41 6.32 6.38 May 6.59 6.55 6.55 July 6.77 6.67 6.72 October 6.97 6.86 6.91 December 7.08 7.05 7.05

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Dec. 28.—Developments over the week-end contributed nothing stimulating to the market. Offsetting the good effect of the commerce commission’s order waiving the usual thirty days’ notice before making increased freight rates effective, was the estimate that the saving from the prospective wage reductions for the railroad would fall short of the amount popularly supposed. Otherwise interest appeared to Vi largely absorbed with the question of war debts and reparations. Regardless of how much we would like to disassociate ourselves from the problem of reparations revisions, we can not logically do so. Whatever may be our views upon the interlacing of war debts owed us with reparations, the burdensome intergovernmental obligations constitute a barrier to an early .economic recovery of the world. The course and duration of the depression will be primarily determined by the international relationships that are to be largely shaped at the forthcoming Hague conference. No more than heretofore can we escape the influence of its settlement 01 the issues involved. Pending a permanent or even temporary solution, confidence naturally will be somewhat hesitant. The market at least is reflecting such restraint in its present indecisiveness. FILES IN BANKRUPTCY Thirteen Creditors Charge Kokomo Firms Is Insolvent. Thirteen creditors today filed suit in federal court here for involuntary bankruptcy proceedings against the C. J. Hanson Company of Kokomo. The Hanson firm formerly was the Kokomo Sanitary Pottery Company. Joseph C. and Katherine Shelton, Kingman, Ind., bakers, filed voluntary bankruptcy petition. Both claimed $3,371 in liabilities. Shelton reported $3Ol in assets and Mrs. Shelton $2,312.

ROTARIANS HEAR PLAN TO SHIFT TAXATION LOAD Economist Urges Aid for Harassed Owners of Real Property. A tax reform program, worked out “so that no large part of the state would be overloaded to the advantage of other groups.” was outlined today at the Claypool before the Indianapolis Rotary Club by Quy Cantwell, Indiana university extension lecturer. Cantwell's suggested program would reduce Indiana’s real property tax burden from the prevailing 84.4 per cent of total taxation to approximately 62 per cent of the total load. Cantwell used research data from other states and applied these tax figures to the Indiana tax situation. Cut to $100,000,000 His suggested tax program would reduce real estate taxes from a present total of $136,000,000 to about $100,000,000. An approximate table was outlined to the Rotarians as follows: Real property Intangibles Personal income 10,000,000 Corporation tax 6i 252'222 Excise, amusement, luxury 5,000,000 Insurance Gasoline 14,500,000 Auto license fi - 20 2-222 Inheritance tax 1 '222 22? Miscellaneous 500,000 Total (same as pretailing total) $161,000,000 “Twenty states use the personal income tax plan,” said Cantwell, “and Indiana safely can raise from $8,000,000 to $10,000,000. The average per person rate is $2.79. New York leads with a rate of $9.99, In Line With Others “Indiana is the only industrial state without some form of corporation tax. We may expect to raise about $6,000,000 by this form of taxation and be in line with other states. “We are working steadily toward complete submersion of property values. Farm lands still are selling much lower than those of our surrounding states, because we do not relieve the property tax load in any large way. Indiana land sells at 84 per cent of the 1914 price, while Kentucky land sells at 94, Illinois and Ohio at 96 and Michigan at 112 per cent.”

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, lull leathered, 3'% lbs. and up. 13c; barbeback, 11c; Leghorn broilers. 10c: spring chickens. 5 lbs. and up. i.3c; under 12c: old cocks. 7c: ducks. lull leathered. 9c; geese. 6c. These prices are for No. I top quality quoted by Kingan & Cos Butter (wholesale)—No. 1. 30®31c: No. 2. 28®29c. Butterfat—26c. Cheese (wholesale selling price per pound)—American loaf, 23%c; pimento loaf, 25%c; Wisconsin firsts, 19c; Longhorns, 19c; New York liberger. 30c. By United Press CINCINNATI. Dee. 29.—Butter—Steady; creamery in tub lots according to score, 22©26c; common score discounted 2 to 3 cents: packing stock, No. 1. 20c: No. 2, 15c; No. 3. 8®10c; butterfat, 22@24c. Eggs —Lower; cases included: Extra firsts, 24c; firsts, 23c; seconds, 20c; nearby ungraded, 22c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls, 5 lbs. and over. 15c; 4 lbs. and over, 13c; No. 3 lbs. and over, 12c; Leghorns, 3 lbs. and over, 10c; roosters, 9c; broilers, colored. 1 lb. and over, 15c; 1% lbs. and over, 15c; 2 lbs. and over, 15c; fryers, 3 lbs. and over, 15c; partly feathered, 10c; Leghorn broilers. 1 lb. and over, 15c; 1% lbs. and over. 15c; 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, 18c; under 4 lbs., 15c: colored. 4 lbs. and over, 18c; under 4 lbs., 15c; capons, 8 lbs. and over, 25c; under 8 lbs., 17c; slips. 15c; guineas, 10c; turkeys. No. 1 hens, 8 lbs. and over. 27c; young toms. No. 1, 10 lbs. and over, 25c; No. 1, old toms, 18c; young toms, over, 15 lbs.. 20c; crooked breasted. 15c; No. 2. 15c; hen turkeys, under 8 lbs. and toms under 10 lbs. sell at liberal concessions. Births Girls Ralph and Winifred Peckham, 1841 Montcalm. John and Mary Petrovich, 3657 West Sixteenth. Ferry and Ethel McNeal. 2042 Yandes. Eugene and Hattie Starks, 2741 Oxford. Eustice and Vivian Williams, 1841 North New Jersey. John and Bridget Carr, 528 West Abbott. Jesse and Irene Minton, 2528 Indianapolis. Raymond and Myrtle McDonald, Methodist hospital. John and Alice Solomon, Methodist hospital. Charles and Evelette Lyons, Methodist hospital. Keyes and Eleanora Atkins, Methodist hospital. Wesley and Ruth Green, Methodist hospital. Earl and Verda Walker, Methodist hospital. Thomas and Glennie Auffenberg, Methodist hospital.

Boys j William and Elsie Webb, 846 West Twenty-ninth. ! Robert and Edith Sieg, 5627 Julian. Charles and Mamie Jolly, 252 South Temple. Paul and Jean Collins, Methodist hospital. Arthur and Margaret Adams, 2934 Baltimore. Howard and Ethyl Pennington, 534 Vinton. Fred and Gertrude Johnson, 232 Bicking. James and lola Jetter. 1131 North Belmont. Dewey and Flora Kimbrough. 120 West Norwood. Harry and Marie Hancock. Methodist hospital. Chester and Bessie Robinson, Methodist hospital. Philip and Bessie Kraft, Methodist hospital. Earl and Ruth Siler. 1124 Broadway. Charles and Verdilla Baden, Methodist hospital. Harold and Mildred La Rue, Methodist hospital. Venter and Frances Mabrey. Methodist hospital. Deaths Carl Lynn. 31. city hospital, cerebro spinal meningitis. Elnora Primus. 37. 952 Traub. carcinoma. James Wrancis Brown. 82. 1403 Comer, cerebral apoplexy. .Shirley Jean Eckels. 6 months, city hospital. lobar pneumonia. Ella Hollahan Burgess. 78. St. Vincent's hospital, uremia. Berta T. Kappes. 62. 705 East Fortyeighth. angina pectoris. Hilda Smith Harmeson. 80. 722 South Illinois, arterio sclerosis. Mack Boutwell. 58. city hospital, cerebral hemorrhage. John Hutchins. 52. city hospital, accidental. Thomas C. Dobbs. 38. 405 South Trowgridge. acute dilatation of heart. Albert B .Gossett. 80. 2347 S. Sherman drive, cerebral hemorrhage. Thomas Edward Reean. 54. city hospital acute appendicitis . Va’.'ie N. Archer. 48. 6230 College, lethargic encephalitis. Clavton Dodd Burbank. 50. 2941 Park, cerebral hemorrhage. John C. Hamilton. 71. 1604 Cornell. Bright's disease. Lucy Sawver. 70. 2301 East New York, broncho pneumonia. John Martin. 57. 3402 Prospect, acute dilatation of heart. Ella M. Holmes. 74. 237 N. Summit, chronic myocarditis. William Carl Schmidt. 26. city hospital, lobar pneumonia. Clara Harrmann. 47. 1724 Cottage, cerebral hemorrhage. Emily E. Loomis. 89. 3250 N. Capitol, arterio sclerosis. Clarence E. Weaver. 42. 72 South State, acute dilatation of heart. William Moore. 54. city hospitaL cerebro spinal meningitis. Clyde Hocknauj. 55. 272 Laverock, angina pectoris. William Rov Poe. 42. 918 Moreland, myocarditis. Poland Decides on Tariff Hike Bu United Press WARSAW, Poland, Dec. 29.—'The government decided today to raise all tariffs 50 to 80 per cent, except on Imports of cotton and southern fruits received through the Polish port of Gdingen.

Radio Dial Twisters

YVFBM (1200) Indianapolis Indiansvolls Power ant? Light Company TUESDAY P. M. s:3o—Studio program. 6:oo—Dinner ensemble. 6:30 Kaltenborn Edits the News (CBS). 6:4s—Downev and Wons (CBS). 7:00—Colonel and Budd (CBS'. 7:ls—Abe Lyman’s band (CBS). 7:3o—Kate Smith (CBS). 7:4s—Columbians (CBS). 8:00 —Ben Bernle and orchestra (CBSI. B:3o—Romance of the Sea (CBS). 9:oo—Grand Opera miniature 'CBS). 9:3o—Louis Panico orchestra (CBS). 9:4s—Atop the Indiana roof. 10:00—Bing Crosbv (CBS). 10:15—Jack Miller’s orchestra (CBS). 10:30—The columnist. 10:45—George Olsen and his music (CBS). 11:00—Atop the Indiana roof. 11:30—Noble Sissle orchestra (CBS). WKBF (1400) Indianapolis (Indianapolis Broadcasting. Inc.) TUESDAY P. M. 4:ls—Harry Bason. 4:3o—Late sport news. 4:4o—Announcements. s:oo—Vaughn Cornish. s:ls—Evening announcements. 5:25—01d Man Sunshine. 6:oo—Myron Green. 6:ls—Sue Carolyn. 7:oo—Melodies. 7:ls—Edmund Breece. 7:3o—Orchestra. 7:4s—Clarence Harding. B:ls—Court musicians. 8:30—Bob White’s Philosophy. B:4s—Louise Spillman. 9:oo—Sports question box. 9:os—Connie's dance music. 9:2o—Armory boxing bouts. 10:30—Showboat orchestra. 11:00—Sign off. WLW (700) Cincinnati P.M. TUESDAY 4:oo—Story hour (NBC). 4:3o—Southern singers. 4:4s—Little Orphans Annie (NBC). 5:00—Old Man Sunshine. s:ls—Announcement. s:l7—The chatter. s:29—Time announcement. s:3o—Rav Perkins (NBC). s:4s—Lowell Thomas (NBC). 6:oo—Amos ’n’ Andy (NBCi. 6:3o—Henry Halstead’s band. 6:4s—lsham Jones’ orchestra.

STATIONS OF THE NATIONAL BROADCASTING COMPANY WEAF Network WJZ Network KDKA 980 i KTHS 1040 WCFL 970 WON 720 WJZ 760 WSAI 1330 CKGW 690 KVOO 1140 WCKY 1490 WGY 790 WLS 870 WSB 740 KOA 830 I KWK 1350 WDAF 610 IVHAS 820 WLW 700 WSM 630 KPRC 920 l KYW 1020 WEAF 660 WHO 1000 I WOC 1001) WTAM 1070 KSD 550 WBAL 1430 WENR 870 i WIBO 560 ( WOW 590 WTIC 1060 KSTP 1406 WBAP 800 WFAA 880 I WJR 750 I WRVA 1110 WWJ 920 STATIONS OF THE COLUMBIA BROADCASTING SYSTEM WABC 860 WBBM 770 l WKRC 850 WOWO 1160 WCCO 810 KOIL 1260 WPG 1100 WMAO 670 WIAU 640 I WFIW 940 CKAC 730 I OFRB 960 VVBT 1080 ' WJJD 1130 ' KRLD 1040 WFBM 1230 W'LAC 1470 KMOX 1000

—7 P. M.— CBS—Colonel Stoopnagle & Budd. WGN (720)—“An Old Album." NBC (WEAF)—Julia Sanderson: Frank Crumit. WMAO (670)—Concert orchestra. —7:15 P. M.~ CBS—Lyman’s band and Glee Club. —7:30 P. M.— KDKA (980)—Pianist. KTHS (1040)—Arlington orchestra. CBS—Kate Smith. 4BC (WJZ)—Harmonies. WJR (750)—Bubble blowers. WMAO (670)—Dr. Bundesen. —7:15 P. M.— CBS —Walter Winchell. WCQO (810)—Sahara SingNBC' (WJZ)—Sisters of the Skillet. —8 P. M.— KYW (1020)—Paul Whiteman and orchestra. CBS—Bernie’s orchestra. WBBM (770)—Songs: concert orchestra. NBC (WEAF) Musical magazine. —8:30 P. M.— KITES (1040) —Musical varieties. CBS—Romances of the Sea. WBBM (770)—Brooks and Ross: Aaronson’s Commanders. WCCO (810)—Fashion and loveliness. NBC (WEAF) Baritone: Voorhee’s orchestra. NBC (WJZ)—Frazier Hunt: Bourdon’s orchestra. WMAO (670)—Concert orchestra. . . . , WSM (650) —Musical chromcleS’ KYW (1020)— Phillip’s flyers. . . CBS —Grand opera miniature.

Fishing the Air

"We’ll Have a New Home in or !} ing” and “You’re Lucky to Me will be sung in duet by Julia Sanderson and Frank Crumit. assisted by i l , l ', or ? he l, t ,r a under the direction of Jac * s A h A lkr ®*' d 4u a n ing the program over WTAM and an NBC network Tuesday at 7 p. m. “I’ll Sing Thee Songs of Araby” and “My Gal Sal” will be sung by the Armchair quartet, accompanied by Erno Rapee’s orchestra, during the program over WTAM and an NBC network Tuesday at 8 p. m. Darwin P. Kingsley will be the subject of a talk by Frazier Hunt during his great personalities program oyer WLW and an NBC network Tuesday at 8:30 p. m.

HIGH SPOTS OF TUESDAY NIGHT’S PROGRAM 7:oo—Columbia—Colonel Stoopnagle and Bud. NBC (WEAF)—Sanderson and Crumit. 7:15 —Columbia —Abe Lyman’s band and glee club; comedy skit. 7:4s—Columbia—Walter Winchell. B:3O—NBC (WJZ)—Great Personalities; Darwin P. Kingsley. 9:oo—Columbia—Grand opera miniatures. 10:00—NBC (WEAF)—Cab Calloway’s band with Walter Winchell. 10:15—NBC (WEAF)—Jesse Crawford “Down Memory Lane.” 11:05—NBC (WEAF)— Rudy Vallee and orchestra

“Gypsy Love Song” from Herbert’s “The Fortune Teller,” will be offered as a solo by Earle Spicer, tenor, during the program with Don Voorhees’ orchestra over WTAM and an NBC network Tuesday at 8:30 p. m. Jack Dennv and his orchestra will present a half hour of lilting dance rhythms over WENR and an NBC network Tuesday at 10:30 p. m. "Pastorale” from Rossini’s "William Tell” and "Hvmn to the Sun.” from Rlm-skv-Ko.sakoff's “Le Coc d’Or.” will be played by Archer Gibson, organist, during his program over WENR and an NBC network Tuesday at 10:45 p. m. .

Day Programs

WFBM (1200) Indianapolis Indianapolis Power and Light Company WEDNESDAY A. M. 7:3o—Pen Club. 9:oo—Women’s hour. 9:3o—Keeping Up With Daughter. 9:4s—Aunt Sammy. 10:00—Transcription. 10:15 to 12—Silent. 12:00 Noon—Farm network (CBS!. P. M. I:oo—Society reporter. I:ls—Salon orchestra (CBS'. 2:oo—Kathryn Parsons <CBS>. 2:ls—Four Eton bovs (CBS'. 2:3o—Two-Thlrtv Tunes. 3:00 to s:3o—Silent. WKBF (1400) Indianapolis (Indianapolis Broadcasting. Inc.) WEDNESDAY A M. 6:3o—Cadle tabernacle family prayer program. 7:00 Church Federation program. 7:3o—World news review. 7:50—01d Man Sunshine. 8:C0 —Breakfast bazar. ’ B:3o—Household topics. 9:ls—Monk and Sam. 9:3o—Hollywood news flashes. 9:4o—Morning music. 10:30—Louise Spillman. 10:45—Dessa Brrd at the organ. 11:00—Harrv Bason. 11:15—Morning announcements. 11:30—Connie’s orchestra. 11:45—Luncheon music. 12:00 Noon—Farm program. P. M. 12:15—Hill Billy Kid. 12:30—Livestock reports. 12:45—Marott trio. I:oo—Business news. I:ls—Sign off. WLW (700) Cincinnati WEDNESDAY A. M. s:3o—Time announcemant. s:3l—lnternational fi< lers. 6;00--Tlme announces' nt.

'

LUCILLE PETERSON, musical comedy songster, CBS, Wednesday night at 9 o’clock.

7:oo—Quakers (NBC). 7:3o—Bubble Blowers. B:oo—Musical Memories. 8.30 —“Great Personalities," Frasier Hunt (NBC). 9:3o—Variety. 9:44—Time. 9:45—80b Newhall. 9:sß—Weather. 10:00—Night Caps, 10:30—Los Amigos. 10:59—Time. 11:00—Henry Halstead's band. 11:30—Isham Jones’ orchestra. 12:00 Midnight—Time announcement. A. M. 12:00—Time announcement. 12:01—Sign off.

—TUESDAY——9 P. M.— WBBM (770)—Berne Buck’s orchestra. NBC (WEAF)—Cab Calloway’s dance orchestra: Walter Winchell. WGN (720)—Mvsterv story. MBC (WJZ)—Russ Columbo and orchestra. —9:30 P. M.— CBS—Arabesaue. WDAF (610) —Musical chronicles. NBC (WJZ)—Clara. Lu and Em. CBS—Panico’s orchestra. WMAO. (670)—Dr . Preston Bradley. —9:45 P. M.— CBS—Mvrt and Marge. WGN (720)—Interlude. WJR (750)—Mountaineer. NBC (WJZ)—Paris Night Life. —lO P. M.— KDKA (980)—Sports review. KYW (1020)—Sports: news. CBS—Brine Crosgv. WGY (790)—Peyton’s orNBc eS [wEAF)— Marlon Harris. WJR (750)—Chimes. NBC—Amos ‘n’ Andv to WENR. WFAA, WDAF. WMAO. WHAS. WTAM (1070)—Sport revue-. —10:15 P. M.— KSTP (1460)—Orchestra and vocalists. CBS—Jack Miller. WDAF (610)—’’66” Club. NBC (WENR)—Quarter lour. WGN (720) —Dream ship. WGY (790)—Miles’ orchestra. NBC (WMAQ)—Digest topics. —10:30 P. M.— KDKA (980)—Don Bestors’ orchestra. KTHS (1040)—Arlington ensemble. KYW (1020) —Russo’s orchestra. CBS—Geo. Olsen’s orchestra.

6:ol—Physical exercises. 6:ls—Talent bureau program. 6:3o—Time announcement. 6:3l—Organ recital. 6:45—J011y Bill and Jane (NBC). 7:oo—Time announcement. 7:ol—Morning devotions. 7:ls—Phil Cook (NBC). 7:3o—Talent bureau program. 7:4s—Physical exercises. B:oo—Musical etchings. B:ls—Theadora Le Favre. B:3o—Baeutiful Thoughts (NBC). B:4s—Art talk. 9:oo—Livestock reports. 9:lo—Announcement. 9:ls—Orchestra. 9:3o—Colonel Goodbodv (NBC). 10:15—Talk on mouth aygiene. 10:25—Ramona. 10:35—River reports. 10:45—Sweetheart program (NBC). 11:00—Talent bureau program. 11:30—Isham Jones’ orchestra. 11:45—Market reports. 11:50—Livestock reports. 12:00 Noon—National Farm and Home period (NBC). P. M. 12:30—Time announcement. 12:31—Henry Halstead’s band. 1:00 —Organ matinee. I:3o—Happiness Kids. * I:4s—Talent bureau program. 2:oo—Plantation davs. 2:3o—Hello Marie (NBC). 2:4s—Talent bureau program. 3:00 —Orchestra. 3:3o—Organ matinee recital.

The City in Brief

WEDNESDAY EVENTS Theta Sigma Phi luncheon, Ayres tearoom. Kiwanis Club luncheon, CUypool. Lions Club luncheon, Lincoln. Purdue Alumni Association luncheon, Severin. Illini Club luncheon. Board of Trade. Mutual Insurance Association luncheon. Columbia Club. American Legion, Twelfth district luncheon. Board of Trade. '■ Home Show committee luncheon, Washington. Apartment Owners’ Association luncheon, Washington. Service post, No. 128, American Legion, will entertain at a public benefit euchre-bridge party at 8 p. m. Friday in the Oaklandon Legion hall. Committee in charge includes Hugh Abbett, Bradford Evans, Hobart Weaver, Alice McCord, Alta Lawson and Faye Virgin. Election of Luther V. Shirley as president of the Irvington Democratic Club was announced today. Other officers are Frank J. Viehman, vice-president; Herman Bakemeier, secretary, and H. G. Clark, treasurer. Directors are O. H. Worley, Ernest Frick, John Linder and Charles Bullman. Professor H. L. Solberg of Purdue will address the Scientech Club of Indianapolis at its luncheon Monday in the Architects and Builders building, Pennsylvania and Vermont streets. PAINT BIDS RECEIVED Sherwin-Williams Reported Low on Highway Supplies. Sherwin-Williams today was reported low bidder on the 15,110-gal-lon annual supply of paint for the state highway department. There were twenty-nine bids received and the low was $14,620.15. Paint, oil and possibly cement contracts are expected to be signed at a meeting of state highway commissioners Wednesday. In the Air Weather conditions at 9 a. m.; East wind, six miles an hour; temperature, 40; barometric pressure, 30.05 at sea level; ceiling, overcast, thick smoke, estimated 1,800 feet; visibility, one-half mile; field, good.

—10:30 P. M.— WCCO (810)—Hamp’s orchestra. NBC (WENR)—Denny’s orchestra . WJR (750)— Variety program. CBS—Morton Downey. NBC (WJZ)—The Three Doctors. —10:45 P. M.— CBS—Olsen’s orchestra. WGN (720)—Bernie Cummin’s orchestra. NBC ,(WENR)— Dream pictures. —ll P. M.— KDKA (980)—Dream pictures. KSTP (1460)—RKO hour. KYW (1020)—Don Pedro’s orchestra. NBC (WEAF)—Rudy Vallee’s orchestra. WGY (790)—Organist. WMAO. (670)—Via Lago orchestra (3 hours). —11:15 P. M.— CBS —Pollack’s orchestra. WBBM (770)—Around the town. WGN (720)—Weems’ orchestra. NBC (WJZ)—Whiteman’s orchestra. —11:30 P. M.— KSTP (1460)—Dance program. NBC (WENR)—Larry Funk’s orchestra. WGY (790)—Peyton's orchestra. —11:45 P. M.— KYW (1020)—Pedro's orchestra: Russo’s orchestra. —l2 P. M.— WENR (870)—Hines’ orchestra. WGN (720)—Herbie Kays’ orchestra. —12:30 A. M.— KYW (1020)—Specht’s orchestra. WENR (870)—Don Pedro’s orchestra.

PAGE 11

FUTURES MART HOLDS FIRM IN NARROWRANGE Wheat Sentiment Turning Bullish for Long Pull. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO. Dec. 29.—Outside of a show of strength in com, there was little action as the Board of Trade opened today. Wheat was steady and slightly firm, but price changes were very small at the start. Weakness in stocks was offset by steadiness at liver pool. Tightness in December corn and the forecast for unsettled weather gave com its opening bulge, but the advance did not progress far. Oats were dull and about steady. At the opening wheat was unchanged to 14 cent higher, com was T 4 to % cent higher and oats unchanged to *6 cent lower. Provisions were about steady. Sentiment Bullish Liverpool was about as expected, although a higher exchange rate accounted for most of the % to pence drop by mid-afternoon. Most wheat traders took for a continuation of the prevailing quietness until well into January. Sentiment is rather bullish on the long pull, based upon the probable improvement in the export situation and the crop scare period. The bare fields of the southwest and the hazards ahead of the southern hemisphere crop hold potential bullish news for later in the season. Corn Trade Dull The larger number of hogs on feed and the reduced estimates on coarse grain crops for next year have aroused some Interest on the bull side of com. However, the disposition of the majority seems to be to sell com against purchases of wheat, indicating an advance in wheat is looked for ahead of any improvement in com. Activity in oats is at a minimum. Local industries are expected to enter the market in a more active way after next week. Chicago Grain Range . —Dec. 29 Prev. WHEAT— High. Low. 11:30 Clr>so March 53% May 55% .55% .55% .f.5% July 55 .54% .54% 54% CORN— March 38% .38% May .40% .40% .40% .40',% July 41% .41% .41% .41% OATS— May 25% .25 .25% .25% July 24% .25 RYE— May 44% .44% LARD— January 5.20 5.20 May 5.50 5.47 5.47 5 50 By Times Special CHICAGO. Dec. 29.—Carlots: Wheat. 21; corn. 177; oats, 22: rye, 1, and barley, 19. By Times Special CHICAGO, Dec. 28.—Primary receipts; Wheat, 1,461,000 against 1,470,000; corn, 547,000 against 912,000; oats. 285.000 against 213,000. Shipments: Wheat. 470.OSO against 486,000: corn. 193.000 against 468,000; oats, 60,000 against 251,000. By United Press CHICAGO, Dec. 28.—Cash grain close: Wheat—No. 3 red. 54c; No. 5 red, 51c; No. 4 hard weevily. 61c; No. 2 mixed. 54y4®54 , /aC. Corn—No. 3 mixed. 35%c; No. 4 mixed. 32%®35%c; No. 2 yellow. 38%c: No. 2 yellow old. 39c: No. 3 yellow. 35%©.37c; No. 3 yellow old. 38Vic; No. 4 yellow. 33%®35'/ic; No. 5 yellow. 32>/c; No. 3 white. 36%®37c; No. 4'white, 35%© 35Vic. Oats—No. 2 white, 23c; No. 3 white. 23%@24%c: No. 4 white. 23'/aC. Rye—No. 1,45 c. Barley—42@s7c. Timothy —54®4.25. Clover—*l3® 15.50. By United Press TOLEDO, 0., Dec. 28.—cash grain close: elevator prices: Wheat—No. 2 red, 59%® 60%c. Corn—No. 2 yellow. 39© 40c. Oats —No. 2 white, 28®29c. Rye—No. 2. 51c. pram on track, 28'/ 2 c rate: Wheatr-No. 2 red, 54%@55c; No. 1 red, lc premium. 2 y ello '. 34©35c; No. 3 yellow. 32%©33 Vic. Oats—No. 2 white, 25© 26c; No- 3 white, 23%©25c. Clover—Prime. $8.50; Feb, $8.75; March. *8.90. Alsyke— Cash. $8.50; Feb, $8.75: March, $8.85. Butter, fancy creamery. 31©32c. Eggs—Currer>t receipts, 20®23c. Hay—Timothy, per

Cash Grain

■—Dec. 28 The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b. shipping point, basis 41%<f 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%®27%c* No. 4 white. 25 %© 26%c; No. 3 yellow, 25% 2 6-2 C; No. 4 yelow, 24©25%c; No. 3 mixed, 24%®25%c; No. 4 mixed, 23%;. Oats—Steady; No. 2 white. 21%©22'4c; No. 3 white. 20% ©2l %c. Hay—Steady IF. o. b. country points talcing 23%c or less rates to Cincinnati or Louisville.) *6@6 50 im ° thy ’ s7 ® 7 ' so; No - ? timothy. —lnspections Wheat—No. 2 red, 2 cars; No. 3 red. 1 T , otal - 3 cars. Corn (new)—No. 3 white. 1 car; No. 4 white, 3 cars; No. 2 £? rs: N°. 3 yellow, U cars; No. 4 yellow, 26 cars; No. 3 mixed, 1 car; No. 4 mixed. 2 cars. Total. 46 cars. Oats—No 2 white, 3 cars; No. 3 white, 12 l. sars-:5 ars - : No - * white 4 cars; Sample white. 3 cars. Total. 22 cars. y

Local Wagon Wheat

City gram elevators are paying 45c for No. 2 red wheat and 45c for No. 2 hard wheat. ASSEMBLY HEADS MEET Confer With Speaker on Choosing Tax Reform Delegate. Senate and house leaders met informally today with Walter Myers. Speaker of the house, preparatory to the Jan. 2 meeting of Myers with Lieutenant-Governor Edgar D. Bush, at which it will be decided who will attend a conference on tax reform in Indiana. Those who conferred today with Myers were Earl Crawford, Milton banker. Democratic house caucus chairman; ward Biddle, Bloomington, member of the ways and means committee; Delph McKesson, Plymouth attorney, Democratic floor leader, and Senator Francis Lochard, Milan, Democratic caucus chairman.

Zaiser & Zaiser Incorporated Brokers Unlived Securities 12f E. Market LL 9375 j RL 217

JamesT.Hamill & Company Frirat* Wire* to AU Leading \ Markets 1 Indianapolis f MEMBERS A’alcago Stock Kxchangs Chicago Board of Trade Ivdianapolis Board of Trade Associated New York Carb 203 Continental Bank Bldg. Tel., alley 5493—K11ey 5151