Indianapolis Times, Volume 43, Number 205, Indianapolis, Marion County, 5 January 1932 — Page 9

JAN. 5, 19321

STOCK SHARES EXHIBIT UNEVEN MARKEUCTION Most Rails Maintain Firm Tone on Bullish News. Average Stock Prices Average of thirty Industrials for Monday V 1.59,.59, off 3 oa. Average of twenty rails 31.63. off 1 48. Average of twenty utilities 29 66. oft .94. Average of forty bonds 77.08, oft .72. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Jan. s.—Prices moved irregularly on the Stock Exchange today. The majority cf changes were narrow, but in several instances wide declines were recorded for special reasons. Pivotal issues were mostly lower after early steadiness. Steel common slipped below 36 toward its bear market low, but volume was .'mall in the issue. American Can lost a gain of a point. Around noon small declines were recorded in Du Pont, General Electric, Allied Chemical and J. I. Case. Waldorf System was driven down to 11 1 2, off 6f*, in the early trading following suspension for insolvency of the Stock Exchange house of Gurnett & Cos., which sponsored the stock. The firm was part sponsor for Ludlum steel issues and these also crashed. Selling Breaks Out Heavy selling broke out in American Smelting and the issue dropped 314 points to 12% on fears over the safety of the dividend. The same reason was given for the drop of 2 points to anew low at 78 in Atchison, Topeka & Sante Fe. Electric Auto-Lite slipped off steadily as nolders liquidated. It was around 2b, against a previous close of 28%. Columbian Carbon held steady following a reduction from $4 to $3 annually in the dividend. American Telephone resumed its decline toward the 100-mark, touching anew bear market low at 109%, off %. Rails Hold Firm Aside from Atchison, the railroad group maintained a firm tone. Northern Pacific firmed up on declaration of a $5,000,000 special dividend by Northwestern Improvement Company, a wholly owned subsidiary. New York Central rose nearly a point and Pennsylvania rose a fraction. * Utilities moved in a narrow range as did oil shares. Standard Oil of New Jersey failed to respond to the judgment of the company on the price of the stock. Directors decided it was worth $30.50 a share for employes. but the Stock Exchange level continued around $26 a share. Bank Clearings INDIANAPOLIS STATEMENT —Jan. 4 Clearing* $3,431,000.00 Debits 8.313,000.00 TREASURE STATEMENT —Jan. 5 Net balance for Jan. 2 $479,114,333.69 Expenditures 4,053,403.03 Customs rects. mo. to date. 2,946,448.99

New York Curb Market

(Bv Thomson & McKinnon) —Jan. 5 l!:90i 11'30 Alum Cos of Am 50 j Gulf Oil 26 Am Cvnamid .. y’alHumble Oil 43% Am Gas ft Elcc 53% Int Pet 8% Am Lt & Trac 18 I.lsad Johnson .. 44 ton Sun Pwr... 3%,Midwest Ut .... JV* Ark Gas A 2 Mo Kan Pipe... 1% Ass Gas & Elec. 4%|Nia Hud Pwr.. 6% can Marc %:Penroad 2% Cent Sts Elec... )VSt Regis Paper.. 3% cities Serv s%'So Penn Oil ... 9% Cons Gas of Bit 6IVSo Union Gas.. 1% Cord 6%,Std of Ind 14% Here A: Cos 9 'Un Gas A Is Flee Bnd ft Sh 10% Un Lt. &Pwr ... •>% coldnmn F Sachs 2% Unit^FndrSjV% New York Bank Stocks (Bv Thomsen & McKinnon) —Jan. 4 Bid. Ask. Bankers jj® Brooklyn Trust *57 le] central Hanover 130 134 chase National 26% 28,s Chatham Phoenix Natl .... 17 19 Chemical 24% 36% City National 36% *BV4 Corn Exchange 57 oo Commercial 133 i*i Contipental 13 *5 Empire 23% 35% First National Guaranty 250 255 Irving 1% 17% Mnnhatten ft Cos 27% 39 b Manufacturers 27% 39% New York Trust 68% 71% Public 18% 20% Investment Trust Shares (Bv Gibson & Bernard) PRICES ARE TO 13 NOON C. S. T. —Jan. 5 Bid. Ask. Am Founders Corp com % ... Am ft Gen Sect A 4% ... Am Inv Tr Shares 1% 2% Basie Industry Shares 1% ... Collateral Trustee Shares A.. 3% 4% Cumulative Trust Shares .... 33% Diversified Trustee Shares A 6% ... Fixed Trust Oil Shares I*4 ... Fixed Trust Shares A 6% ... Fundamental Trust Shares A 3% 3% fundamental Trust Shares B. 3% 3% leaders of Industry A 3% ... Low Price Shares S 3% Nation Wide Securities 2% 3% selected American Shares ... 2 2% Selected Cumulative Shares.. 5% s’* Selected Income Shares 2% 8 s * Shawmut Bank Inv Trust.... 1 Std Am Trust Shares 33% Super Corp of Am Trust Shsr 33% Trustee Std Oil A 3% ... Trustee Std Oil B 3% 3% Unified Service Trust Shar A 3% 3 s * TT S Elec Light ft Power A 16% 18% Universal Trust Shares 2% 2% Net Changes (!/ United Press NEW YORK, Jan. 4.—Closing prices and net changes, on principal stocks traded today on the New York Stock Exchange follow: Off. Allied Chemical 63% 2% American Can 55% 2% American Smelting 16 1% American Telephone 1091* 2% Auburn 119 2% Bethlehem Steel 17% 1 Case 32% 6% Chrvsler 12% % Consolidated Gas 56% 1% Du Pont 49% 1% F.lectrir Power 10% % General Electric 22% % General Motors 19% i International Telephone 7% % Loews Inc 24% % Montgomery Ward 7% % N Y Central 25% 2% North American 29% 1% Paramount 6% % Pennsylvania 17% % Radio 5% v. Sears Roebuck 30% 1% Standard Gas 25 s , 1% Standard Oil N J 26 s , % Texas Corn unchanged 11% ... Union Carbide 28% % U 8 Steel 36% t. Vanadium 11 s , 1 westinghouse El ?e% 1% Woolwortb 37 1% Chicago Stocks Opening (Bv James T. Hamlll & Cos.) —Jan. N Am Ttl Util.... miChgo Bee ? Bendix Avia ... 16 iGrlgsbv Grunow. 1% Borg Warner ... 9% Insull com S Oent 80 Wat... 4 s , Insull pfd !4 Cord Corp f%!Mid United com. S% Com Chi com.. 1% Ut * Ind com. 2% coat Chi old .. 16 tut St Ind 01d... •

New York Stocks <B Thomson ft McKinnon t

—Jan. $— Railroad*— .. Prrv. High. Loo*. 11:00 cio.'e. Atchiaon 79% 78% 78’. 80 Atl Coast 2’J4 Balt it 0hi0.... 13% 13 13% 13% Chest ft 0hi0... 26 25% 25% 2.% Chest Coro 14% 14% 14% 15 Chi N West S'* 6% Del Lft W 18% 18% 18% .8% Del Ac Hudson.. .. ... 89% Brie Ist pfd Great Northern 18; Illinois Central 9% 9a Lou At Nash 21% 21% M K At T ..... ’% Mo Pacific % 8% 8% 6 Mo Pacific old.. 12% 12% 12% 12 N V Central 28% 25% 26% 25% Nickel Plate . ... J NVBH4H..., 18 17% 18 Nor Pacific 15 14% 15 iS Norfolk At West ... ... . ■ ’ll o W fl 5 /* t'* * 4 Pennsylvania .. 18 17% l’% ml Reading So Pacific 25% 25% 25% 25/* St Paul ... ’% *:* St Paul pfd 32% 2 2-4 St L At 6 F J% Union Pacific 86% 88 Wabash W Maryland... 5 4% 4% 4/ Equipment*— ... Am Car At Kdy Gen Am Tank.. .. .■• ..... " General Elec 23% 22% 23% 32-,, Oen Rv Signal.. ... .•• • Pullman 16% 15% 16 4 18 * Westingh Airb... .*. •••, 12 Westingh Elcc.. 21% 20V* 21 20 * Rubber*— Firestone , *J., Goodrich • 4/4 4/* Goodyear 13% 12% 13% 14% Kelly Bprgfld 1% U S Rubber 3% 4 Auburn 121 ’J®!'* *}?,, Chrysler 12% 12% 12% 12% Graham Paige • * 3 General Motors.. 20% 19% 20 19 * Hudson 9% 9% 9% 9% S u a?E :::::::::: ik is% Nash 15% 15Va 15% 15% Packard •• 4 Studcbaker .... 10% 30% 10% 19% Yellow Trurk 3% Motor Acre**— . .. „ Bendix Aviation 16% 10% 18 16% Borg Warner ..9% 9 9 9% Briggs B‘* 8% Budd Wheel 2% 2% Campbell Wy ... 6 5% 5% ... Eaton 4% 4% El Storage B 26% Hayes Body ... 3 Sparks W 2% Stewart Warner '•••_, 5% Timkin Roll 18% 16'/* Mining— Am Metal* 5% Am Smelt 16 15% 35% 16 Am Zinc 32% 2% ... Anaconda Cop. 9% 9 9% 9% Alaska Junu 12% 12 12% 12 Cal At Hecla 33% Cerro de Pasco 10% 10% Dome Mines ... 7V* 7% Freeport Texas.. 15% 15% 15% 15% Granbv Corn 5J4 ... Great Nor Ore 11% 11% Howe Sound 13 , ...., Int Nickel 7% 7% 7Vi 7% Kennecott Con... 10% 10% 10% 10% Magma Con ..... ... ... 8 Mlmia Conner , •••., 3 ... Nev Cons 5% 5% 5% 5*4 Texas Gul Bul.. 21 % 20 20% 21% U S Bmelt 14% 14% 14% ... Oils— Amerada , ...., 13 Atl Refining .... 8% 8% 8% 8% Barnsdall 4% 4% Houston ..... ?% Ohio Oil 5% 5% 5% s*/g Max Sbd 7 6% 7 6% Mid Conti 5% 5% Phillips 4‘/* Pr Oil At Gas... ... 4 4 Royal Dutch ... 13% 13% 13% 13% Shell Un 32% Simms Pt 4% Sinclair 4% 4% Siand of Cal ... 23% 23% 23% 23% Stand of N J... 26% 26 26% 26% Soc Vac 9% 8% 9 9 Texas Cos 11% 11% 11% 11% •Union Oil 12% 12% 12% 12% Steels— Am Roll Mills.. 7% 7% 7% 7 5 , Bethlehem 17% 17 17% 17 Byers A M 11 10% 10% 11 Ludlum 4% McKeesport Tin 48% 43% 43% 43% Repub I & S 4% 4% U S Steel 36% 35 5 ,a 36% 36% Vanadium 12 11% 11% 11% Youngst S At W 8 8 Tobaccos— A Tob A (new! 65*4 : A Tob B (new) 67% 67 67 >4 67% Lig At Myers 8.. 46*4 45% 45% 46 Lorillard 12% 12 12 12% Reynolds Tob.. 33% 32% 33% 33 Tob Pr A 6% 6% Tob Pr B 33 Utilities— Adams Exp 3% Am For Pwr .. 6% 6% 6% 6V2 Am Pwr At Li... 13% 13% 13*4 13% A T At T 110% 109% 110% 109% Col Gas At E 1... 12% 12 12 12*4 Com At Sou ... 3% 33% 3% El Pwr At Li 10% 10% 10% 10% Gen Gas A 1% Inti T As T .... 7% 7% 7% 7% Natl Pwr A: Li.. 12% 12% 12% 12% No Amer Cos ... 30% 29% 30% 29% Pac Gas Ac El 33% 323 Pub Scr N J ... 50% 50% 50% 50% So Cal Edison 30 29% Std GAc El ... 25% 25% 25% 25% United Coro ... BV4 8 B'4 8 Ut, Pwr At L A.. 8% 8% 8% 8% West Union ... 35% 33% 35 34 Shipping— Am Inti Corp. ... 5 5 N Y Shin 4 United Fruit .. 20% 20% 30% 20*/a Foods— Am Sug 35 35% Armour A 1% l'/a Cal Pkg 8% Can Drv 10*4 10 10 10% Childs Cos 5% 5% 5% 5V* Coca Cola 101 100% 101 100 V* Cont Baking A 5 Corn Prod 38 Cudahy Pkg 31 Cuban Am Sug 1 1 Gen Foods 32 31% 31% 32% Grand Union 7 7% Hershev 78 Jewel Tea 30 Kroger 13 13 1 Nat Biscuit 39% 38 3% 38 ! Pillsburv 20% ; Purity Bak 10% 11 Safeway St 39% 39% Produce Markets Eggs (country run)—Loss off delivered in Indianapolis, 22c; henery quality No. 1. ?se: No. 3.15 c. Ppultry (buying prices)—Hens weighing 5 lbs. or over, 14c: under 5 lbs.. 13c: Leghorn nens. 10c; broilers, full feathered. 3% lbs. snd up. 13c; barbeback. 11c: Leghorn broilers. 10c: spring chickens. 5 lbs. and up. i3c: under 12c: old cocks. 7c: ducks, full feathered. 9c: geese. 6c. These prices are for No. 1 too Quality auoted by Kingan At Cos Butter (wholesale)—No. 1. So@3lc: No. 3 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 NEW YORK. Jan. s.—Potatoes—Market, steady; Long Island. 85c®52.15 per barrel: Idaho. $2.15®2.50 per sack; Maine. $1.50® 1.90 per barrel: Canada. [email protected] per barrel. Sweet potatoes—Market.weak; jersey baskets. [email protected]; southern baskets. .sr(f7sc; southern barrels, [email protected]. Flour —Market quiet; spring patents. *4.20®4.50 rer barrel. Pork—Market, dull; mess, 17.75 per barrel. Lard—Market, weaker; middle west spot. .034®.035c per pound. Tallow—Market, quiet; special to extra, 3®3%r per pound. Dressed poultry—Market quiet: turkeys. 22®31c; chickens. 14® 27c; fowls. 10®52e; broilers. 14®33c; capons. 20®36c: ducks. 12®20c: Long Island ducks. 19c. Live poultry—Market steady; geese. 10®20c; ducks. 11021 c: fowls. 19® 25c; turkeys. 20®32c; roosters. 10®llc: chickens. 12®24c: broilers. 12®20c; capons. 30®35c. Cheese—Market, dull; state whole milk fancy to special, 13 %® 13c; Young America, 14%®t5e. By United Press CHICAGO. Jan. s.—Eggs—Market, unsettled: receints. 6 507 cases; extra flrstj, 22®22%c: firsts. 21®21%c: current receipts. 19020 - seconds. !2®lsc. Butter— Market, unsettled: receints. 10.511 tubs; extras. 25c; extra flrs f s. 23%®24%c: firsts. 22%®23c: seconds. 21®%23c: standards. 24%e. Poultry—Market, steady: fowls. 16 ®2oc: springers 16c: Leghorns. 12c: ducks. 16019 c: ceese. 12%c: turkevs. 150 23c: roosters. 10c. Cheese—Twins. 13®13%c: voung Americas. 13%®13%c. Potatoes— On tracx. 165: arrivals. 58: shipments. 465; market, steady: Wisconsin Round Whites. 80085 c; Idaho Russets. 51.505T.60: Michigan Russet rurals. 85®90c; Colorado McClures. $1.40® 1.45. By United Press CINCINNATI. 0.. Jan. s.—Butter Steady; creamery In tub lots, according to score. 21® 25c: common score discounted. 2 ®3c: packing stock. No. 1. 20c: No. 2. )4c; No. 3. 8®10c: butterfat. 22®24c. Eggs— Steady; cases, included; extra firsts. 21c; firsts. 20c. seconds. 16%c: nearby ungraded. 19c. Live poultry—Thin and coarse stock sells onlv at heavy discount; fowls. 5 lbs. and over. 18c: 4 lbs. and over. 16c: 3 lbs. and over. 15c: Leghorns. 3 lbs. and over. 13c: roosters. 9c: broilers, colored. 1 lbs. and over. 22c: 1% lbs., and over. 22c: 2 lbs. and over. 20c: frvers. 3 lbs. and over. 20c: partlv feathered. 10c; Leghorn broilers. 1 lbs. and over. 15c: 1% lbs. and over. 15c: 2 lbs. and over. 12c: Leghorn stags. 10c: colored stags. 14c: black springers. 10c: roasting chickens. 4 lbs. and over 18c: ducks, under 3 lbs. sell at liberal concessions: ducks, white 4 lbs. and over. 18c: under 4 lbs.. 15c: colored 4 ibs. and over. 18c: under 4 lbs. 15c: canons. 8 lbs. and over. 25c: under 10 lbs.. 17e: slins. 15c: guineas. 10c: turkevs No. 1 hens. 8 lbs. and over. 24c: voung Toms. No. 10 lbs. and over. 20c: No 1 old Toms. 14c: voung Toms over 15 ’bs.. 16c: crooked breasted. 10c: No. 3.10 c: hen turkevs under 8 lbs. and Toms under 10 lbs. sell at liberal concessions: pigeons, old $1.05. # S.v United Press CLEVELAND. Jan. 5 —Butter—Extras, standards. 38c: market, weak. Eggs— Extra firsts. 23c: current receipts. 21c; market, weak. Poultry—Heavy fowls. 20c; medium. 18c: Leghorns. 15® 16c- smooth springers. 180 20c: ducks. 20c: turkevs, 25c; geese. 15c: stags. 13c- market, steady. Pots toea*~Ohios mostly 50c per bushel sack; M*ine Green Mountain, few. *l.lo® 1.15 per 100-lb sack; Idaho russet. $1.0501.10 per bushel sack. .

Std Brands 12% 12 12 12% Drugs— Coty Inc 2% 2% 3% 3% Lambert Cos 48 48 Lehn it Fink 19% Industrials— Am Radiator ... 7 8% 7 6% Bush Term 15% Gen Ashpalt 11% Otis Eiev 19% 18% 19% 19 Indus Cheats— Allied Chem 63% Com Solv 7% 7% 7% 7% Union Csrb .... 38% 38% 384, 28% U 8 tad Alco ... 24% 234* 24% 23% Retail Store*— Assoc Drv Gds 6% Glmbel Bros 2% Kresge S S 15% 15% Mav D Store... 7% 7 7*4 16% Mont Ward 7% Penny J C 26% 27 Sears Roe 30% 30 30 % 30% Woolworth 38 37% 38 37 Amusements— Col Graph 2% Croslev Radio 3 Eastman Kod... 74% 73% 74% 73% Fox Film A 2% 2** 2% 2% Grlesby Gru.... 1% 1% IV# 1 % Loews Inc .... 25% 2444 25% 24% Param Fam... 7 6% 7 f,% Radio Corn .... 5% 5% 5% 5% R-K-O 2% Warner Bros 2% 2% Miscelaneous— Citv Ice ft Fu 26% Congoleum 8 8 Am Can 56% 55% 56% 55% Cont Can 32% 31% 32 32% Curtiss Wr I*4 t% Gillette S R... 11% 10 s , 11% 11 Real Silk 2% 2% Un Arcft 10% 10 10% 10% Int Harv 23 23 J I cm* 33% 32 33% 32%

FIGHT LOOMS ON MONON SALE Brotherhoods Opposed to C. I. & L. Transfer. By United Press WASHINGTON, Jan. s.—The four railroad brotherhoods today joined the opposition to the proposed acquisition of the Chicago, Indianapolis & Louisville railway by the Baltimore & Ohio. The proposal is part of the eastern railroads’ four-system consolidation plan on which the interstate commerce commission will begin hearings Wednesday. The brotherhoods petitioned the commission for right to intervene in the case on the grounds that the merger “may mean the abandonment and removal of the principal shops and repair plants at some of our terminals and this will likely affect our interest as property owners and taxpayers. In the Stock Market (Bv Thomson & McKinnon) NEW YORK, Jan. 4.—Explanation for the weakness of stocks today was no clearer than Saturday’s. Scattered liquidation developed right at the outset, with buying power too feeble to prevent leading stocks, like Steel, General Motors, Can and Telephone from registering new lows for the depression. In some quarters there was a disposition to associate the selling with the publication of numerous annual financial statements. While earnings, as reflected in these reports were disappointing, no small part of the shrinkage was traceable to the marking down of security valuations, notably bonds. On the other, many institutions revealed unusual liquidity. Os course, the whole financial situation reflected a loss of confidence and very little, if any, judgment of intrinsic worth, or appraisal of future business. Management, assets and even earning power are frequently disregarded in the nervous fear that seems to influence the selling of both stocks and bonds. Admittedly there is much uncertaintly. We are facing problems never before experienced. But does that justify the exaggerated hysteria evidenced by investors? Common sense tells us present conditions can not longer endure unless the world is to collapse economically. That is unthinkable. While the action of the market is disheartening, 't must be remembered that it is the minority that now looks upon the brighter side j>f things, Births Bovs George and Iprema Bickett, 1427 Alvord. Richard and Irene Rathman, 649 Holly. William and Cecelia Raters, St. Vincent s hospital. Robert and Mary Moore, St. Vincent’s hospital. Samuel and Olga McCann, St. Vincent’s hospital. Louis and Evelyn Hartman, St Vincent’s hospital. Clinton and Esther Thomas, St. Vincent's hospital. John and Bernice Commons, St. Vincent's hospital. Clifford and Grace Adams, 1427 North Somerset. Girls Herbert and Carrie Johnson, 521 North Blake. George and Addie Maxwell, 30 North Bloomington. William and LiUian Burkhart, 2131 Avondale place. Harold and Violet Watts. 2529 Caroline. James and Grace Miller, 545 North Traub. Maxwell and Marie Barrett, 431 Blake. Algin and Martha Rose, 815 Udell. Paul and Ida Walker, 849 College. Byron and Lillian Harmon. 814 villa. Robert and Freda Alien, 3780 Parker. Ambrose and Catherine Tellstron, St. Vincent's hospital. Frank and Flora Clark. St. Vincent’s hospital. Fred and Margaret Roesinger, St. Vincent's hospital. 3ee and Ida Smith. 637 Birch Walter and Charlotte Bratton, 1849 Dexter. Deaths Thomas W. Brolley, 78. Edwards Hotel, chronic myocarditis. Norman McDermid. 54, cltv hospital, acute nephritis. William M. Edwards. 42. 1023 Colton, chronic interstitial neDhritis. Thomas Taylor. 73. 617 North Colorado, cardio vascular rehal disease. Sim Strader. 64. 1042 South Kevstone. cerebral hemorrhage. Carrie Meneghini. 18. Long Hospital, brain abscess. Ralph William Hal. 8, Riley hospital, endocarditis. James L. Howe. 80. 250 West Forty-sec-ond. mitral regurgitation. Arthur L. McDonald. 50. 2246 North New Jersey, broncho pneumonia. Fred Mackev. 38. Long hospital, diabetes mellitus. Hattie Boyd. 38. city hospital, chronic nephritis. . , Dora Mae Montgomery. 63. Methodist hospital, carcinoma. Joanna Mellett. 10. Methodist hospital, military tuberculosis. Elisa White. 79. 1121 Congress, chronic mvocarditis. .. Malinda A. Lloyd. 71. 4805 Winthrop. diabetes mellitus. Jessie McGinnis. 75. 611 East Sixteenth. chronic nephritis. . , . Mary Williamson. 48. 1428 Burdsal parkwav. chronis myocarditis. Susie A. Roberts, 63. 250 Tacoma, diabetes mellitus. .. . . Marjorie Hardesty, 28 • city hospital, anemia. . _ Thomas Lynch. 79, 2421 Barnes, acute broncho pneumonia. Camilla Recker, 68, 2917 Washington boulevard, carcinoma. _ _ Daniel E. Wheeler. 81. 1763 Roosevelt avenue, acute dilatation of heart. John L. Eklund. 59. rear of 1401 College, acute dilatation of heart. Grant W. Clark. 65, 850 North Denny, chro-ic myocarditis. Elizabeth Cours, 22 months, R.ley hospital. sarcoma. Lets E. Floyd, 56, 5104 Baltimore, apoplexy. Sophia Neussel, 84, 801 Harrison, cerebral hemorrhage. May M. McDermid, 50, 131* Ohio, hypostatic pneumonia. George Wilbur Woods, 3536 East Tenth, acute nephritis. William O. Reser, 59, city hospital, carcinoma. Capitola Van Sftkle. 63. 243* East Tenth, hypostatic pneumonia. Teresia Frances Kord, I months, 551 Moreland, influenza.

. THE INDIANAPOLIS TIMES

PORKERS SHOW SHARP LOSSES AT CITYYARDS Trade Not Fully Developed in Cattle; Lambs Up 25 Cents. Hog prices dropped 25 to 35 cents this morning at the city yards, all classes affected by the slump. The bulk, 100 to 325 pounds, sold for $3.65 to $4.50, early top holding at $4.50. Receipts were estimated at 5,000; holdovers were 573. In the cattle market slaughter classes opened slow with trade not fully developed. Most bids were lower. Receipts were 1,700. Vealers were unchanged at $8 down. Calf receipts numbered 700. Lambs were strong, selling from steady to 25 cents up over Monday’s average. The bulk sold for $6 to $6.50. Receipts were 2,000. Chicago hog market opened slow, with few early sales and bids around 10 to 15 cents lower than Monday’s average at $4.25 to $4.30 on 180 to 210 pounds, while best kinds held upward tc $4.40, or above. Receipts were estimated at 43,000, including 2,000 direct. Holdovers 7,000. Cattle receipts numbered 9,000, calves 2,000, market mostly steady. Sheep receipts were 23,000, market unchanged. HOGS Dec. Bulk. Early Top. Receipts. 30. $4.15® 4.66 $4.65 4,000 31. 4(25® 4.85 4.85 3,000 Jan. 1. 4.25® 4.85 4.85 2,500 3. 4:10® 4.75 4i75 2,500 4. 4.00® 4.75 4.75 7.000 5. 3.65® 4.50 4.50 5,000 Receipts, 5,000; market, lower. (140-160) Good and choice.. .$4 .50 —Light Lights—-(l6o-180) Good and choice... 4.60 —Light Weights—-(lßo-200) Good and choice... 4.50 (200-220) Medium and g00d... 4.40 —Medium Weights—• (220-250) Good and choice.... 4.15® 4.40 (350-290) Medium and good.. 3.80® 4.00 —Heavy Weights—-(29o-350) Good and choice... 3.50® 3.80 —Packing Sows—-(3so-500) Medium and g00d... 3.50 (100-130) Slaughter pigs 4.25 . CATTLE (SLAUGHTER CLASS) Receipts. 1,700; market, steady. Good and choice $ [email protected] Common and medium 3.50® 5.75 (1,100-1,800) Good %nd choice 6.00®10.25 Common and medium 4.50® 6.00 —Heifers—-(soo-850) Gqpd and choice 5.5,0® 8.50 Common and medium 3.00® 5.50 —Cows— Good and choice 3.50® 4.25 Medium 2.75® 3.50 Cull and common 1.50® 2.75 —Balia (yearlings excluded) Good and choice beefs 2.75® 4,00 Cutter, common and medium. 2.00® 2.75 CALVES AND VEALERS Receipts, 7,000; market, steady. —Vealers — Good and choice $ 7,50® 8.00 Medium 5.50® 7.50 Cull arid 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 Comomn 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, 2,000; market, higher. Good and choice $ 6.00® 6.50 Common and medium 3.50® 6.00 Ewes, medium and choice.... 1.25® 2.50 Cull and common 50® 1.25

Other Livestock By United Press CHICAGO, Jan. s.—Hog 43,000. including 3.00 C direct: 10-15 c lower: heavies off least: 140-210 lbs., $4.2004.30; top. $4.35; 220-300 lbs., $3.8504.15; pizs, $4(5:4.25: packing sows, $3.2503.35; light lights, 140-160 lbs., good and choice, $4.20 @4.35; lightweight, 160-200 lbs., good and choice. [email protected]; medium weights, 200250 lbs., good and choice. [email protected]; heavyweights, 250-350 lbs., good and choice, $3.7504.05; packing sows, 275-500 lbs., medium and good, $3.25 0 3.50; ter pigs, 100-130 lbs., good and choice, $3.9004.25. Cattle—Receipts, 9,000; calves, 2,000; yearling and light steers steady; few loads better grade weighty offerings steady, but medium weights and weighty steers predominating: quality plain and market on such kinds, 25c or more lower; bulk selling, $7.50 down; prospective top $10.50 on long yearlings; slaughter cattle and vealers, steers. 600-900 lbs., good and choice, [email protected] : 900-1.100 lbs., good and choice, ¥7.75011.50: 1,100-1.300 lbs., good and choice. [email protected]; 1,300-1.500 lbs., good and choice. [email protected]; 6001,300 lbs., common and medium, $407.25: heifers. 650-850 lbs., good and choice, $6 @8: common and medium, $3.25@6; cows, good and choice, S4O 4.25; common and medium. s3@4: low cutter and cutter cows. $2 @3; bulls, yearlings excluded, good and choice, beef, $4.2504.75; cutter to medium, $304; vealers. milk fed, good and choice, s6@B: medium, $506; cull and common. s3@s: stocker and feeder cattle, steers, 500-1.050 lbs., good and choice, $4.75@8; common and medium. [email protected]. Sheep—Receipts, 25,000: not established; bidding 25c and more lower; feeding steady; better grate lambs bid [email protected]; asking upward to $6.75; feeders, $4.40 @ 4.50; slaughter sheep and lambs, lambs 90 lbs. down, good ana choice, S6O 6.75; medium, ss@6; all weights, common, s4@s; ewes, 90-150 lbs., medium to choice, s2@> 3.25; all weights, cull and common, $1.50 @2.50; feeding lambs, feeding lambs, 5075 lbs., good and choice, $4.50@5. By Times Special LOUISVILLE. Jan. s.—Hogs—Receipts. 700; 10c lower: 175-240 pounds. $4.40: 240300 pounds. $4.10: 300 pounds up. $3.50; 175 pounds down. $4: packing sows, $2.50@ 3.25: stags. $2.25 down. Cattle —Receipts. 200: steady with Monday’s close: bulk slaughter steers and heifers. $4.5008: best cows, $3.75 down: bulls. $4 down: stockers and feders scarce, nominally s3@s. Calves —Receipts. 200: not enough trading done to establish reliable auotations: extreme tbp Monday on fancy vealers. $7. Sheep and lambs —Receipts. 100: steady to strong: best fat lambs, mostly $5.50: few auoted slightly higher buck lambs. $4.50: throwouts. $3 down: fat ewes. $2 down. Monday's shipments—Cattle. 156: calves, 110: hogs. none, and sheep, none. By United Press CtNCINUATI. 0.. Jan. s—Hogs—Receipts. 2.500: including 381 direct: heldover. 121: slow, steady to weak; some bid lower: better grade. 160-240 lbs.. $4,600 4.75: mostly $4.75 on 225 lbs. down: 240300 lbs.. [email protected]: 120-150 lbs.. $4.25® 4.40: bulk sows. $3.25: a few lightweights, $3.50 Cattle —Receipts. 550: calves. 250: generally steady, supply light; odd tots common and medium steers and heifers, [email protected]: some better finished heifers, up to $7: one package. $7.50: most beef cows. $3.2503.50: low cutters and cutters. $1,750 2.75: bulls, mostly $4.25 down: a few $4.50: vealers. 50c higher: good and choice. sß@ 8.50: lower grades. $7.50 down. Sheep— Receipts. 200: lambs, strong to 25c higher: | better grades. $5.50 0 6.50: bulk around. S6* common and medium lareelv, $4 25® 5.25: sheep steady: fat ewes. $2 down. By United Press EAST BUFFALO. N. Y., Jan. s.—Hogs On sale. 2.700: weights below 210 lbs. barely active; mostly 15025 c under Monday’s average: heavier weights slow; bidding unevenly lower; medium to choice, 150-200 lbs.. $4.90; some held around $5; few 220-240 lbs.. $4.650 4.85; mixed lots, 270 lbs.. $4.35; few pigs. $4.85. CattleReceipts. 150: vealers unchanged; bulk better lots, $9.50: common and medium. S6OB. Sheep—Receipts. 100: lambs fully 25c higher on light supply; fat natives. $7; medium kinds and mixed lots. $6.2506.50. By United Press TOLEDO. Jan. s.—Hogs—Receipts, 150:, market 15c to 25c lower; heavies. $3.50 03.75; medium, $404.25; yorkers, $4,250 4.40: pigs. $44? 4.25. Cattle—Receipts. 50; market, steady. Calves—Receipts, light: market, steady. Sheep—Receipts, light, market, steady. By United Press EAST ST. LOUIS. Jan. s.—Hogs—Receipts, 12.500: market. 10@15c lower; top, $4.60; most 130-210 lbs., $4.40@4 55: few 220-260 lbs.. $4.1004.30: pigs. $404.50; sows. $3.1003.25. Cattle—Receipts, 3.200. Calves—Receipts. 1.800: market, strong on cows; fullv 25®50c lower on vealers: other classes generally steady: steer range. $607.85: mixed yearlings and heifers in large supply at $7.50: cows. $3.2504: low cutters. $1.7502.25: top medium bulls. *3.75: pood and choice vealers. $808.25. Sheep—Receipts. 1.800; market, opened •bout steady to city butchers: choice lambs, $&: indications steady on others or around $5.5005.75 to packers. By United Press LAFAYETTE. Ind. Jan. 5 —Hogs—Market. 20@35c lower: 160-180 lbs., $4.35; 180200 lbs., $4 25: 300-225 lbs.. $4.15: 225235 lbs.. $4: 235-250 lbs.. $3.90: 250-275 lbs.. $5.75: 275-300 lbs.. $345; 300-325 lbs., $3.40; 140-160 lbs.. $4.25; 130-140 lbs.. $4.10: 100-120 lbs.. $4; roughs. $3.25 down; top.calves, $7; top lambs $5, ■

Dow-Jones Summary

Associated Dry Goods Corporation omits quarterly dividend on common stock, due at this time; three months qgo payment of 25 cents was made. Total sugar melt of fourteen United States refiners from Jan. 1 to Dee. 26. 1931, amounted to 4,135,000 long tons, against 4,184,000 long tons In aame period of 1930; total deliveries were 3,920,000 long tons, against 4,395,000. New York cables opened in London at 3.36. against 3.37 s ,; Par s checks 85.50; Amsterdam. 8.3437; Italy, 66.375, and Berlin 14.187. Lee Rubber and Tire Corporation in year ended Oct. 31, net loss amounted to *625,100 after expenses, depreciation, interest. etc., against net loss of $799,111 in previous fiscal year. Canadian Pacific December gross amounted to $11,442,000 against $14,414.000 in December, 1930; for the year of 1931 gross amounted to $144,404,000 against $182,561,000 in 1930. Eureka Pipe Line Company declared the regular quarterly dividend of sl. Caracas Sugar Company year ended Sept. 30. 1931. net loss *433,162 after interest, depreciation, organization expenses, etc., against net loss of *532,570 In preceding year: profit and loss deficit as of Sept. 10 last was $3,057,026 against deficit $2,609,578 at close of previous year. Loew’s. Inc., and subsidiaries in twelve months ended Nov. 20, net profit amounted to $1,895,467, after charges, but before subsidiary preferred dividends, against $2,687,021 In 1930 period.

Bright Spots of Business

By United Press NEW YORK, Jan. s.—Business of Loew's, Inc., has been improving materially and earning? now are equal to a year ago, David Bernstein, vice-president, said in issuing earnings report. SOUTH BEND, Ind.—Sales of the Studebaker Corporation in December, 1931, were more than 100 per cent higher than In December, 1930, and more than 50 per cent above December, 1929, A. R. Erskie, president of the corporation, annouced. YONKERS. N. Y—Three thousand employes returned to work at the Smith Carpet factory, one of the largest plants. CHlCAGO—Chicago Great Western Railroad, effective at once, is returning 550 men to work at its Oelwein, la., shops for a period of not less than three months, Patrick H. Joce, president of the road, said. DETROIT—Graham-Paige Motors Corporation announced that production of the new Blue Streak eight model in December was the largest December output since 1925, and the largest single month’s production of eight cylinder cars In the company’s history. SAN FRANCISCO—Southern Pacific Company announced the return of 5,560 locomotive and car shopmen to work on a four-day-week basis at shops throughout the Pacific system. BIRMINGHAM. Ala.—Giving employment to about 1.000 men. the Tennessee Coal & Iron Company’s rail mill and five ooenhearth furnaces, resumed operations on a reduced schedule after being idle since July. 1931. DETROIT—The Bulck Motor Company, produced and shipped 11,629 cars in December. compared with 9.053 in November and 4,092 in December. 1930. HARTFORD, Conn.—The three Travelers Insurance companies reporting cash premiums received from life insurance during 1931 set anew high record, beating 1930 bv $3,604,000. CLEVELAND—GIidden Company and subsidiaries reported for the year ended Oct. 31. 1931. net profit of 5201.380. against $11,365 in the preceding year, ST. PAUL. Minn. —Northwestern Improvement Company owned bv the Northern Pacific Railway, declared a special dividend of $5,000,000 and the regular annual dividend of $992,000. In the Cotton Markets (By Thomson & IxcKinnon) NEW YORK, Jan. 4.—The cotton market was quiet and steady in the middle of the day after an early loss of 15 to 17 points. Apparently southern factors had accumulated a large amount of cotton during the holidays and sold hedges against it all in the first thirty minutes of trading. We fail to find anything in textile news sufficiently interesting to quote. The trade continues to buy on declines and the mills contin .e to operate on full time in most sections. There is a certain amount of operation on night shift and we feel that technically the market is in the best of shape; that is to say cotton contracts held by non-mem-bers of the trade are at a low ebb. It is inevitable that the time must come soon when the probabilities of anew crop will influence prices. The winter is unusually mild in the south. The acreage is coming down. We favor the long side. CHICAGO —Jan. 4 High. Low. Close. January 6.30 6.20 6.20 March 6.43 6.34 6.34 May 6.59 6.48 9.48 July 6.78 6.67 6.67 October 6.95 6.91 6.91 NEW YORK High. Low. Close. January 6.26 6.12 6.12 March 6.35 6.22 6.22 May 6.46 6.38 6.38 July 6.65 6.56 6.57 October 6.93 6.82 6.82 December 7.05 6.99 7.00 NEW ORLEANS High. Low. Close. January 6.19 6.09 6.09 March ; 6.25 6.22 6.22 May 6.51 6.38 6.38 July 6.68 6.54 6.54 October 6.87 6.75 6.75 December 7.00 6.89 -6.89 SUSPEND BROKER’S FiRM Gurnett & Cos. Lose Rights on Exchanges. By United Press NEW YORK, Jan. s.—Gurnett & Cos., with offices in New York, Maine and Massachusetts, was suspended by the Stock Exchange today for insolvency. The company’s offices are 1 jeated at Augusta, Bangor, Lewiblon and Portland, Maine; Boston, Providence and Woonsocket, R. I. The. Curb Exchange suspended the firm from associate membership following the Stock Exchange action. New York Liberty Bonds —Jan. 4 3*/ 3 s .... I 77.22 Ist 4%s 95.:6 4th 4%s 99.17 Treasury 4%s 101.16 Treasury 4s 98.16 Treasury 3%s 95. Treasury 3%s of '47 92.20 Treasury 3%s of ’43 (March) 93,8 NEW YORK COFFEE RANGE —Jan. 4 High. Low. Close. March 5.90 5.84 5.84 Mav 6.00 5.96 5.96 July 6.09 6.06 6.08 September 6.33 6.16 6.18 Auto Finance at 6 °fo Coma direct to ns before you buy If yon want to aave on the Finane* charges. GREGORY * APPEL 247 N. Pena. XI. 7491

6RAINS STEADY TO HIGHER ON FIRMJjEMAND Corn, Oats Follow Wheat in Early Upturn; Trade Is Active. BY HAROLD E. RAINVILLE. United Press Staff Correspondent CHICAGO, Jan. 5. —Wheat opened about steady in a dull trade on the Board of Trade today. The stock market was uneven, but around steady, and Liverpool, while weaker, reported a good demand. There waa no inclination to press the market at the start, and scattered buying orders kept prices around the previous close. Corn was slow, but rather firm on the weather. Oats was slow, but followed corn. At the opening wheat was % cent lower to *4 cent higher, corn was unchanged to !4 cent higher and oats 14 cent higher. Provisions were steady. Liverpool was fractionally lower than expected, showing % to % pence ( x k to % cent) lower at midafternoon. Corn is largely following wheat. Unfavorable weather still persists over the belt from Texas to eastern Indiana, with rain, snow or sleet reported. Oats were sold moderately near the close Monday on the weakness in the other grains. The slow cash demand is disappointing. Chicago Grain Range —Jan. 5 WHEAT— Prev. High. Low. 11:00. close. May 55% .55V* .56% .55% Mar 54 .53% .54 .53% May 55% .55% ,55% .55% July 55% .54% .55% .54% Sept 56 .55% .56 .55% CORN— Mar 30 .38% .39 .38% May 40% .40% .40% .40% July 42% .41% .42% .42 SeP l OATS— May 26% .25% .26 .35% July .25% RYE— May 45% .45 .45 .45% JU* 45% .45% LARD— Mar 5.17 5.17 May 5.35 5,32 5.35 5.30 By Times Special CHICAGO. Jan. s.—Car lots: Wheat, 26; corn, 184; oats, 46; rye. l, and barley, 15. By Times Special wS c^BjA“'„fe.7‘S.oosf ce sS: against 2otooo%mpSs: ° WheaLM® 0 : 222'n£? ams . t 402 .000; corn, 171.000, against 506,000; oats, 9i,000. against 223,000. By United Press cmCAGO. Jan. 4.—Grain close: Wheat 2 red. 56c: No. 3 red. 54%c; No. 2 r^l 1 2 w i ha S d ' - 55 5 : 2 mixed. 55%c. Corn—No 3 mixed. 36%c: No. 4 mixed. 34% ®36%c: No. 5 mixed. 35%®36c: No. 3 yellow. 38%@39%c: No. 3 yellow. 36%@37%c: 35%@36%c; No. 5 vellow, 35%c; No. 6 yellow. 34%c: No. 3 white. 37 @3Bc; No 4 white. 36%®36%c: No. 5 White. 35 %c. Oats—No. 2 white. 25% ® 26c; No. 3 white. 24%®25*/ 2 c: No. 4 white. 24c. Rye—None. Bariev—42® 57c. Timothy—[email protected]. Clover—sß®ls.so. By United Press TOLEDO. 0.. Jan. 4.—Close: Elevator prices: Wheat—No. 2 red. 58%@59%c. Corn—No 2 vellow. 39®40c. Oats—No. 2 white. 28@29c. Rye—No. 2. 51c. Grain on track. 28 %c rate. Wheat—No. 2 red, 53%@54c; No. 1 red. 1 cet nremium. Corn —No. 2 yellow, 34@35c: No. 3 vellow. 32%® 33%c. Oats—No. 2 white. 25®26c: No. 3 white. 23%@25c. Clover—Prime. $8.60; February $8.75; March. $8.90. Alsike— Cash. $8.50: February. $8.75; March. $8.85. Butter—Fancy creamery. 30®31c. Eggs— Current receipts, 22®24c. Hay—Timothy per cwt.. SI.OO. Cash Grain • —Jan. 4 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41*/2C New York rate, were: Wheat—Easy. No. 1 red. 49’/2@so'/2c; No. 2 red, 48%@49%c: No. 2 hard, 48%. Corn—Easy: No. 3 white 28@30c; No. 4 white, 27@29*/ 2 c: No. 3 yellow, 26%@27%c; No. 4 yellow, 25%@26%c; No. 3 mixed. 25@20c: No. 4 mixed. 24@25c. Oats— Easy: No. 2 white, 22®23c; No. S white, 21@22c. Hay—Steady (F. o. b. country points taking 23%c or less rates to Cincinnati or Louisville.) No. 1 timothy, *7® 7.50; No. 2 timothy, $6®6.50. —lnspections—• Wheat—No. 2 red. 8 cars; No. 5 red, 1 car. Total, 9 cars. Corn—(New). No. 4 white. 2 cars; No. 2 yellow, 3 cars; No. 3 yellow. 8 cars; No. 4 yellow. 34 cars: No. 3 mixed, 1 car; No. 4 mixed, 5 cars. Total 53 cars. Oats—No. 2 white, 5 cars; No. 3 white. 9 cars; No. 4 white, 1 car; No. 2 mixed, 1 car. Total, 16 cars.

Local Wagon Wheat

City grain elevators are paying 45c for Ng. 2 red wheat and 45c for No. 2 hard wheat. Other Livestock By United press CLEVELAND. Jan. s.—Hogs—Receipts. 3.500; holdovers, none; 15c to 25c lower; 140-230 lbs., $4*75; 240-300 lbs., $4.25 to $4.35; pigs, $4.50; rough sows, steady, $3.50. Cattle—Receipts, 100; cows and bulls strong to unevenly higher; low cutter and cutter cows, $1.5003.25; common, $3.50; most sausage bulls, $4 down; weighty kind quoted. [email protected]. Calves— Receipts, 700; active at'Monday's full advance; nearly good to choice vealers, $9 @9.50; toppy $lO quality scarce; cull to medium, $608.50. Sheep—Receipts, 2,600; steady; good to choice lambs freely at $6.2506.50: cull to medium, $4(&5.50; sheep stronger; nearly good ewes, $2.50. By United Press PITTSBURGH, Jan. s.—Hogs—Receipts. 600; market weak to 1 cent lower; 140220 lbs., $4.8505; 230-275 lbs., $4.5004.75packing sows mostly. $3.5003.75. Cattle— Receipt*. 15; market, nominal. Calves— Receipts. 100: market, steady; better grade vealers, $809.50; common to medium $4.50 @7.50. Sheep—Receipts, 500: lambs around steady to slightly higher: choice grade up to $6.75; bulk good to choice, $606.50. Building Permits inm r ois, R $2 b 3bo heatin,r plant ’ 4148 North Norman Sulgrove, repairs. 1009 Bellefontaine, $367. Lorenz Koenig, repairs, 1414-16 East Raymond. $155. S3B5 arenC * Rhodes ’ repairs - 533 West Pearl, Frank Reynolds repairs. 415-13 East Thirty-fourth. S4OO. Gulf Refining Company, tanks. 1910 State. $2,000. Gulf Refined Company, addition to dyke and building, 1910 South State, $5,000. BAW SUGAR PRICES —Jan. 4 January 1.10 1.05 1.05 March 1.14 1.10 1.10 May 1.18 1.14 1.14 July 1.23 1.18 1.19 September 1.28 1.24 1.25 December 1,34 1.31 1,32 Zaiser & Zaiser Incorporated Brokers Unlisted Securities 129 E. Market LI. 9375 81. 2167 JamesT. Hamill & Company Private Wire* to All Leading Market* Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. TaL. Riley $4 jr-Blly US* \L= —.^il

OIL OUTPUT HEAVY

Drilling in Indiana during December resulted in six producing gas wells, one in Gibson county having an output of 12,000,000 cubic feet. A 1,000,000-foot well was completed in Pike county and also one of 453,000 feet. Two were completed in Switzerland county, one of 200,000 cubic feet, another of 83,000. The sixth well, in Henry county, has an output of 10,000 cubic feet. Two small oil wells were completed in Spencer county, one of twenty, the other of ten barrel capacity. Paul G. Simpson, state gas supervisor, reports December drilling operation.', in various counties as follows; C'lav—The Ohio Oil Company abandoned us test on the St Louis Joint Stock Land Bank farm in Dick Johnson township in the top of the St. Peter formation at 2.785 feet. .Daviess —Ben D Ruble found a dry hole at 660 feet in the Home Building and Loan Association No. 1. in Harrison township. In the southeast quarter of the same township, a second well ta being started on the Alva C. Smith firm by Amsler and Gilmore. Flovd—Brooks J Johnston is drUltng the James A. Sharp No. I in Georgetown township. Fountain—The Fountain Oil and Gas Company is down more than 600 feet in its test on the Gants farm In Troy township. Gibson—The Ohio Oil Company abandoned the Charles A. Shawhan Nos. 1 and 2. and the WilUam Hyneman No. 1 In location 121, also the Edith Hvneman No. 1. all In Washington township. Same company abandoned the Munford No. 6 In Patoka township. The Wabash Public Service Corporation completed a gas well on the George Allen farm in section 22. Columbia township, at 1.482 feet where an estimated production of 12.000.000 cubic feet was found. The Git Van Oil Company started a second well on the Agnes Haskins lease In Washington township. Harrison—Brooks J. Johnston has started a well on the Burkhart farm in Jackson township. In Tavlor township, the Wyandotte Oil and Gas Company is drilling a second well on the John L. Cunningham farm. Hendricks—The French Develonment pompanv is down more than 2.000 feet in the T. A. Reitzel test in Liberty township, having passed the bottom of the Trenton formation. Henry—A private gas well was completed on the J. F. McCormick kland in Fall Creek township, bv Delph & Chew, an estimated production of 10.000 cubic feet being found at a depth of 945 feet. Knox—James H. Gardner is drilling on the Union Investment Company farm in Busseron township. Laporte—The test drilled bv H. J. Hauck and others on the John Biddies farm in Lincoln township, is shut down at the ton of the Trenton. Orange—Tools have been unloaded av C. W. Reichard to start the Fred A. Cleveland No. 1. in Orangeville township. Perry—Fred Conyers plugged and abandoned the Jerome Cassidy No. 1. in AMUSEMENTS FOR LADIES i ONLY KORAN’S SPJK*VL MORNING- MATINEE at 10:00 A. M. TOMORROW Doors Open 9:30 All Seats 50e Every lady attending will have an opportunity of asking KORAN ono question personally and privately. BRING HIM YOUR TROUBLES AND YOUR PROBLEMS Ask Koran! He Knows! Sees—Tolls Ail! Ask Him! THE MAN WHO KNOWS KORAN PETER HIGGINS SUMMERS and HUNT KERR and ENSIGN On the Screen —Yon’ll Lot* “UNDER 18“ New Vitaphone Hit with , MARIAN MARSH REGIS TOOMEY ANITA PAGE NEXT SATURDAY I IRENE RICH ' Beloved: Movie Star | IN PERSON I ENGLISH??!;;; TODAY | 11% famuic n Bxii f ■ ran f |BRICE*BAKER*HEAtYj I NIGHTS, $1 to $3 “I TODAY MAT., s2*4 Best Seats | ENGLISH JAN. 11 seats mmutow Evenings sl, $1.50, $2, $2.50, s3.o* Wed. Mat. Only 75c, sl, $1.50, $2, $2.50 America’s Greatest Revue I" 60 scenes^^o^laugh^^^ Original New York Production and Company of 100 Direct from New Amsterdam Theater with KEITH *c| F "IMONE l THEATRE NOW! BERKELL PLAYERS IN DEWITT NEWELL’S COMEDY HIT “What A Woman Wants” | MATS.; WED., THURS., SAT. | Night Prices 60c —35c —25c Matinees 35c—25e week Commencing Sunday Nigtit S S HQPKIHS”I

V THEATER# 1 '.7?

NORTH SIDE J Talbott at 22d CHARLES FARRELL in "HEARTBREAK" Family Kite. !:■ Noble at Mats. MAURICT CHEVALIER in "SMILING LIEUi’EXAXT"—FamiIy Nite. RAMON NAVARRO in "SON OF INDIA.” family Nite. SOUTH SIDE ftyi’iiiiiii 9393 sh * iby CONSTANCE BENNETT ta "THREE FACES EAST’’— Family Nite. MiTl’l.l )T,I at Fountain Sq. JACK OAKIE ta "TOUCHDOWN" BEBSY in “THE CHAMP’* WEST SIDE ■'* ‘ ?3io W. Mirh. WILL BOGERS in "AMBASSADOR BILL” Free Press*rware Nite, I!TWyy|WTI W. Wash, and ;„L Family Nite.

PAGE 9

Clark township. Thn deep test on the V. B Cummings lease In the northeast aur. ter of Tobin township, is drilling at 1.51* feet. The Wiliam Dotson No. 1. drilled by Hughes and others in the so t’heast quarter of Clark township, la drilling at about 900 feet. Pike—Harrv N. Bell and others completed a second gas well on the Crair heir# lease in Washington township, withs production of 1.000.000 cubic feet. A third well has been started. Offsetting these, wells C. C. Taliaferro Is drilling No. 9 o*i the Aeron George farm. The third wtl on the R~ F. Morrison lease In Washington township, was completed by C. F.. Womtner at 1.194 feet, with an initial production of 455.000 cubic feet. In section 19. same township. A. V. Burden is drilling the Walter Smith No. 1. Soenoer—A fourth well on the Marie Berg lease was completed bv the Santa Fe Oil Company with an initial production of about twenty barrels. The William Grass No. 3 was completed bv I. A. Polhamus, making about a .en-barrel well. Sullivan—Tools have been fished out of the C. W. Scott No. 3 in Fairbanks township. and Ihe well restored to production. Switserland—F. C. Bakes and others completed a 200.000 cubic foot gas well at 483 feet on the James Hankins fsrm in dark township, and an 83.000 cubic foot well at 441 feet on the Joseph Kummel lease. Their best well was on the Ira and David Wiseman farm, where 1.500.000 cubic foot well at 90 pounds pressure was found at a total depth of 395 feet. Other welis are drilling on the James Hankins and M. H. Griffith farms and the Lawrence Cooper land in section 18. Warrick—The Henrv Menke No. 1, qeing drilled by the Elberfeld Gas and Oil Company in Greer township, is down mora than 1.500 feet. HEADS CIVIC LEAGUE) Dr. R. I. Mitchell I* Hectfd bjr Broofcside Group. Dr. R. E. Mitchell, 3327 East Sixteenth street, today was the new president of the Brookside Civic League, following his election Monday. Other officers named were George W. Payne, first vice-president; Clyde Montgomery, second vice-president; A. Leroy Portteus, third vice- president; Mrs. Clyde Motgomery, recording secretary; Mrs. George Shepherd, corresponding secretary, and Henry G. Blume, treasurer. MOTION PICTURES | Fri.—"Lidili ol the Big Horn" [ I \ou'll ISever Forgot It I |l Ax Long As You Live! I il ▼ Pf " rvT r,i I FREDRIC MARCH | {■ Miriam Hopkins—Roao Hobart H I OK THE STACE!\ J WKBf RADIO RfV€i/ I featuring I CONNIE And His BAND ■.Harry Ba#on—Vaughn Cornish I Sat Louisa Spillman ’ FM. —WHEELER l WQOtSEY FILM I Fire of Franco! Lure of Vienna! I I Passion of Berlin! Now the ... I pTßßwpy x Town swn WW A/ Biggest^M | WkJLAA/ ThrilU^M DMCVm * in her first American triumph A 7/ie Woman from MQNKOMIsI A First National hit featuring M Huston—At’arrcn William Magic Fanchon-Mareol Music! IsjTflfef“New Vear'sH Chcr&t & Greetings” I Ij DET/7-HAIX I mV'ciMc ■ I AMBEUTI ■ JOY OflW6 Hi other blj arts! I January is Laugh Month! Hgy SECOND < WEEK Gaynor|h Farrell mm romance DEuciouyL with El Brondel Mosio by George Gershwin NEXT FRIDAY Laugh HU No, I—''‘STEPPING SISTERS" . ■ " : ■ GRETA RAMON* GARBO-NOVARRO in “MATA HAIU” with Lionel Barrymore—Lewis Stone A Metro-Qoldvcyn-Mayer Picture STARTING SATURDAY CHESTER MORRIS In His First Starring Picture “CORSAIR’*

EAST SIDE IJ.'.tlirn.i.-J , m rarj;m-?.i 2930 tku loth it, nn-ssa - 3155 *■ ** JOAN CABLE I, * -„-•* ' 2110 E. 19th r..,.^ aa .TgjE CLO^.. 8507 E. Wufe. =• •• m SVIVU SIDNEY in AN AMERICAN- TRAGEDY” umit: , LIONEL BARRYMORE la "THE YELLOW TICKET" Tamil? Nit*.