Indianapolis Times, Volume 43, Number 215, Indianapolis, Marion County, 16 January 1932 — Page 13

JAN. 18, 1932.

EARLY LOSSES RECOVERED SY STOCKJSSUES Further Reduction in Bill Rates Renews Upturn in All Issues.

Average Stock Prices

Average of thirty industrials for Thursday ll , up .99. Average of twenty rails 4129. up .81. Average of twenty utilities 34 l, up .31. Average of forty bonds 81 33. up .41. BY ELMER C. WALZER United i‘ren Financial Editor NEW YORK, Jan. 15.—The stock market today turned about from an apathetic decline and under the leadership of New York Central, J. I. Case and Auburn Automobile climbed to new highs on the recovery, closing higher than Thursday’s last prices. According to preliminary calculations, the Dow, Jones & Cos. industrial average stood at 85.83, up 0.53 points, rail average at 41.30, up 0.02 points and the utility average at 34.26, up 0.10 points. Sales totaled 1,600,000 shares, compared with 2,600,000 shares Thursday. The turn came in the afternoon, when bankers' acceptance dealers announced another reduction in bill rales. Time money eased V*. of 1 per cent and call money was easier in tone, unchanged at 2% per cent. Further evidence of the federal reserve’s easy money policy was reflected in a recovery in United States government bonds, which had been declining during most of the day. Bonds generally rose on the news of the latest bill reduction. Late in the day Chicago dispatches quoted Daniel Willard, president of the Baltimore 6c Ohio and head of the delegation of railroad presidents negotiating with railroad workers, as saying “technical difficulties” preliminary to the wage conference with twenty-one union leaders had been overcome. New York Central, which had been strong before thp announcement by Willard, firmed up further and approached 37, against a previous close of 34%. Early in the session it had dipped below 34. Union Pacific was depressed to 83, off 2%, by fears over the safety of the present dividend. It was an exception to the trend in the carrier group. /

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 14— Clearings , 12,013,000.00 Debits 5. J 37.000.00 TREASURY STATEMENT -Jan. 15. Net balance lor Jan. 13 .... $380,464,060.09 Expenditure* 10,147,484.13 Customs rects. month to date 12,766,587.77 INDIANAPOLIS STATEMENT —Jan. 18— Clearings $2,285,000 00 Debtts 9.138.000.00

Net Changes

By United Preaa NEW YORK, Jan. 15.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Al!iod Chemical 73% American Can 64% ... % American Telephone 122 'A ... V/ 2 Auburn 147% ... Bethlehem Steel 23</, ... Case 41V, 3% ... Chrysler 13V, ... y. Consolidated Gas 64V, % ... Du Pont 56% % ... Electric Power 13 V, Vi ... general Electric 35V, % ... eneral Motors (unch) 23% International Telephone .. 10V, V 4 ... Loew’s, Inc 30 ... Vi Montgomery Ward 9 7 /, Vi ... N Y Central 36 1% ... N American 36V4 % ... Paramount 10% ... V 4 Pennsylvania 22% y ... Public Service 87V4 V 4 ... Radio 8% K Radio-Keith 6V Vi ... Sears Roebuck 35V, V, . Standard Oil. N J 29% ... vi Texas Corp IS ... % Union Carbide 33% ... % II S Steel 4514 34 Vanadium 15% % Westinghouse Electric 30 1% Worthington Pump 33 2% ... Births Boys Thomas and Nora Allison, Si. Vincent’s hospital. William and Dorothy Hilton, 2062 Park. Marshall and Alice Warren, 2452 Martindale. John and Maude Tapp. 1825 Wilcox. Edward and Ann Gallagher. 1333 Wade. Charles and Opha Harelton. 407 Hansen. Herman and Pay Beninger. 1133 Parke. Evan and Anna Piers, 2222 Avondale place. Harmon and Barbara Hollett, Methodist hospital. George and Rowena Colvin. Methodist hospital. Harold and Wilma Ward. Methodist hospital. , Joseph and Helen Williams, Methodist hosoltal. Thomas and Carol Blschoff, Methodist hospital. Connelly and Leora Fischer, 5537 North Denny. Girls Joseph and Jessie Goodwin. 429 North Grant. Harry and Mary Warrenburg, 1829 Hoefgen. Theodore and Leonor Loveless. Methodist hospital. Marshall and Miriam Drummond. Methodist hospital. Elvage and Oenevieve Hendricks. St. Vincent's hospital. Joseph and Mary Sexton. St. Vincent's hospital. Frank and Anna Greenwell. 1129 North warm mi.

Managing Money The new year of 1932 is upon us. Getting your money’s worth is more important now than it has ever been. Planning your expenditures wisely in accordance with your income, planning savings, planning to own a home, planning wise investment—planning to manage your money to the best possible advantage in these parlous times—is more a duty than ever. Our Washington bureau has ready for you a packet of six of its interesting and informative bulletins on all phases of the subject of managing money. The titles are: 1 Budgeting and Household Ac- 4. How to <swn Your Own counts. Home. 2. Investment Advice. 5. Home Financing. 3. The Banking System of theU S. 6. The Stock Market. If you want this packet of six Dulletins, fill out the coupon below and -nail as direct’d. CLIP COUPON HERE Dept. B-17, Washington Bureau, The Indianapolis Times, 1322 Now York Avenue, Washington, D. C.: I want the packet of six bulletins on Managing Money, and inclose herewith 20 cents in coin, or loose, uncanceled United States postage stamps, to cover return postage and handling costs. Name St and No City State I am a reader ol The Indianapolis Times. (Code No.)

Dow-Jones Summary

Shipment* of anthracite in December totaled 2.759.217 tons against 1.1it.75* in November and 4.M9.57 In December. UN. Brazilian Traction Light and Fewer Company, Ltd-, declared the regal a r gaarterfy dividend es *5 cent* en common itetk. New York cable* opened In London at J.BO. agalntt 2.44%; Part*. chock#, w.IM; Amsterdam. 8.7150; Italy, 09.135. and Berlin. 14.78. Broker** loan* reported by New York federal reserve bank shows decrease of In weelc ended Jan. 13 to 1*42BS±rslßtfS' ,i *■ Utah Power and Light Company in twelve months ended Nov. so, 1931, net income amounted to *2.249,217 after (axes. £i e^ ,t <,uand d * prec ‘* Uo "- .*£:. *>*lnst 43,014,380 in like period of 1930. PreHasinarv statement of Western Union Telegraph Company, Ine., for year ehded Dec. 31. 1931, shews net Income es 9*. 286,549 after depreciation, taxes, rental* and Interest eensl to 15.95 a share en 1,045,002 share*, against 99,247.032. or 00.03 a share en 1.023.411 share* in 1030. Arkansas Power and Light Company In tvelve months ended Nov. 30. 1931, net Income amounted to 83.318,344 after taxes. Interest, depreciation, etc., against *2.322,916 in like period of 1930. Mohawk Mining Company declared a dividend of 35 cents, payable March 1. of record Jan. 30; similar dividends were paid In previous quarters. New Orleans Public Service In twelve months ended Nov. 30. 1931, net income amounted to 41,344.077 after taxes, charges and depreciation, against 31,177,949 in like period of 1930. LeeisUaa Power and Light Company ia twelve months ended Nev. 90, I*3l, net income 82,444,072 after taxes, charges and depreciation, against 31, 737,444 in Hke period es 1934.

New York Curb Market

(By Thomson Sc McKinnon) —Jan. 15— Close Close Alum Cos of Am 59% Int Pete 9% Am Cynamld .. 3*4 Mead Johnson.. 53 Am Oas Sc Xlec 38% Midwest Ut ... 6% Am Sup Pwr.. 4'/ Mo Xan Pipe.. 3 Ark Oas (A).. 2% Mt Prod 2% Asso Oas Sc El. 414 Nat Invest .... 2% Bras Pwr 5c Lt 11% Nat Aviation... 3 Can Marc 1 Nat Pub Serv A 8% Cent Bts Xlec. 2% Newmont Min .. 13 Cities Serv 6% Nia Hud Power 7 Cons O of Balt 63% Niles 8% Cord 7% Penroad 3% Deere &Cos ... 13% St Regis Paper 4% Elec Bnd 5c Sh 13% Salt Creek .... 3% Ford of Can... 11% Sel Indus 1 Ford of Eng... 4 Std of Ind .... 14% Pox Theater... 1% Stutz 13% Goldman Sachs 3 Un Oas 3% Gulf OU 30 Un Lt & Pwr.. *>/ 4 Hudson Bay .. 2%IUt 5c Indus .. 3% Humble Oil .. 45 lUt Pwr (B) ... 3% Imp Oil of Can 4% United Fnders. 3% Insull Ut 5 *4l

Investment Trust Shares

(By Gibson Sc Bernard) PRICES ARE TO 12 NOON C. S. T. —Jan. 15Bid. Ask. Am Founders Corp com 1 1% Am Se Gen Sec A 4% ... Am Inv Tr Shares 2% 2% Basic Industry Shares 2V< .. ■ Collateral Trustee Shares A.. 4% 4% Cumulative Trust Shares .... 3% 4% Diversified Tr Shares A .... 7% ... Fixed Trust OU Shares 2% ... Fixed Trust Shares A 'tV* ... Fundamental Tr Shares A.... 3% 4% Fundamental Tr Shares 8.. 3% 4% Leaders of Industry A 3% ... Low Priced Shares 3% 4 Nation Wide Securities 3% 3% Selected American Shares ... 2% 2% Selected Cumulative Shares.. 6% 6% Selected Income Shares 3% 3% Shawmut Bank Inv Trust.... 1 3 Std Am Trust Shares 3% 3% Super Corp of Am Trust Sh 3% 37s Trustee Std Oil A 3V ... Trustee Std Oil B 3% 4 Unified Bervlce Tr Shares A.. 3% 3 U 8 Elec Light Sc Power A.. 17% 19% Universal Trust Shares 2% 3%

New York Bank Stocks

(Bv Thomson Sc McKinnon) —Jan. 15Bid. Ask. Bankers 62% 64% Brooklyn Trust 188 198 Central Hanover 140 144 Chase National 36% 38% Chatham Phoenix Natl ... 20’/2 22% Chemical 30% 32% Citv National 49% 51% Corn Exchange 65% 68% Commercial 146 154 Continental 15% 17% Empire 26 28 First National 1.600 1.700 Guaranty 282 287 Irving 30 21 Manhatten Sc Cos 36% 38% Manufacturers 32 34 New York Trust 76 79 Public 33% 25%

Cash Grain

—Jan. 15— ,■ The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 %c New York rate, were. Wheat—Steady: No. 1 red, 48049 c; No. 2 red 470 48c; No. 2 hard. 47 048 c. Corn—Easy: No. 3 white. 27@28c; No. 4 white. 26 0 27c; No. 3 yellow. 26 0 27c; No. 4 yellow, 35026 c: No. 3 mixed, 250 26c; No. 4 mixed. 24025 c. Oats—Steady: No. 2 white, 22 023 c; No. 3 white, 21022 c. Hay—(F. o. b. country points taking 23 %c or less rates to Cincinnati or Louisville.) Steady; No. 1 timothy, $707.50; No. 2 timothy. *608.50. —lnspections Wheat—No. 2 red, 6 cars; No. 3 red, 2 cars. Total, 8 cars. Corn (new) —No. 3 white. 1; car No. 4 white. 4 cars; No. 3 yellow, 5 cars; No. 4 yellow, 18 cars; No. 6 yellow, 1 car; No. 4 mixed, 1 car. Total, 30 cars. Oats—No. 3 white, 8 cars; No. 3 white, 17 cars; No. 4 white. 1 car. Total, 36 cars. Deaths Catherine Boyd Egau. 79, 4458 College, broncho pneumonia. Charles W. Radeliff, 75. Methodist hospital, coronary embolus. Barbara Kirsch, 74. 2705 Barth, carcinoma Frankie Stivers, 50, 2826 Sangster, cerebral hemorrhage. Edgar Weaver. 32, Long hospital, broncho pneumonia. Robert Edward Jones, 81, 28 Bradley, acute gastritis. Emma Simmons, 70, 1047 South Pershing, arteriosclerosis. George Reynolds, 48. Methodist hospital, septicaemia. John Joseph Roehl, 48, 1027 Brunswick, carcinoma. WHllam H. Pye. 60, 47 South Sherman driv*. cerebral nemonhage. Orval John Hoffman. 30, 513 West New York, chronic Bright's disease. Emma Strauss, 62, 1030 West Thirtyfourth, carelnoma. George P. Held, 59, 1311 East New York, broncho pneumonia.

PORKERS MAKE SMALL GAINS IN OULLTRADE All Cattle Classes Display Draggy Action; Sheep Hold Firm. A slight rally sent hog prices up 5 cents this morning at this city yards. The bulk, 100 to 325 pounds, sold for 33.95 to $4.30; early top holding at $4.30. Receipts were estimated at 4,000; holdovers we.*e 107. Slow trade prevailed in all cattle classes. All bids held lower when obtainable. Receipts were 400. Vealers were unchanged at $8 down. Calf receipts numbered 400. Little was done in the sheep market. Asking was higher or up to $6.75 for best westerns. Receipts were 1,800. Early bids and sales on hogs at Chicago were 10 to 20 cents higher than Thursday’s levels; most early bids and few sales up on 170 to 210 pounds at $4.15 to $4.25; early top, $4.30. Receipts were 23,000, including 7,000 direct. Holdovers were 7,000. Cattle receipts were 1,500; calves, 500; market steady. Sheep, 15,000; steady.

HOGS Jan. .Bulk- Early Top. Receipts. 9. $3.904.50 34.50 3,000 11. 3.90© 4.50 4.50 5.000 12. 3.90©! 4.50 4.50 4.000 13. 4.00® 4.50 4.50 4.000 14. 3.90© 4.25 4.30 5.000 16. 3.95® 4.30 4.30 4,000 Receipts, 4,000; market, higher. (140-140i Good and choice...( .25 (160-180) Oood and (140-200) Ooo<l L and IchofceVtT. 4.30 (300-220) Medium and g00d... 4.20 (320-250) (350-290) Medium and g00d... 4.050 4.10 , .... Heavy Weights—-(29o-350) Oood and choice... 3.95® 4.05 —Packing Sows—-(3so-500) Medium and g00d... 3.00® 3.50 (100-130) Slaughter pigs .... 4.00 CATTLE (SLAUGHTER CLASS) Receipts, 400; market, stedy. Oood and choice 3 .30®10.50 Common and medium 3.75® 6.25 _ . (1,100-1.800) Good and choice 6.50(910.50 Common and medium 4.75® 6.50 —Heifers—- _ _ . (500-850) Good and choice 6.00# 3.50 Common and medium 3.80® 6.00 —Cewfr— Good and choice 3.75® 4.75 Medium 3.00® 3.75 Cull and common 1.50® 3.00 —Bull* (yearlings excluded)— Good and choice beefs ....... 3.00® ..50 Cutter, common and medium. 2.00® 3.00 CALVES AND YEALKRB Receipts, 400; market, stedy. —Vealers—■ Good and choice | B.oo® 8.50 Medium 6.00® 8.00 Cull and common 4.00® 6.00 —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 4.35® 6.00 Common and medium 3.00® 425 SHEEP AND LAMBS Receipts, 1,800; market, steady. Good and choice $ 6.00® 6.50 Comon and medium 3.50® 6.00 Ewes, medium and choice 1.50® 3.50 Cull and common 50® 1.50 Other Livestock By United Press CHICAGO, Jan, 15—Hogs—Receipts, 23,000: including 7,000 direct; active. 10® 25c higher: 170-210 lbs., *4.2004.30; top, *4.35; 220-250 lbs.. [email protected]; 260-310 lbs., $3.9004; 140-160 lbs., [email protected]; pigs, *3.5003.75; packing sows, $3.4003.60; light lights. 140-160 lbs., good and choice. $4.10 04.30; lightweights, 160-200 lbs., good and choice. $4.20 04.35; medium weights, 200250 lbs., good and choice, $404.35; heavyweights, 250-350 lbs., good and choice, [email protected]; packing sows. 275-500 lbs., medium and good. $3.30 03.65; slaughter pigs, 100-130 lbs., good and choice. $3.5004. Cattle—Receipts. 1,500; calves. 500; no choice steers or yearlings here; common kinds a little more active on small killer account; bulk week-end steer crop selling at $6 downward to $4.75; cutter cows stronger today, but classes sharply lower for week; slaughter cattle and vealers, steers, 600900 lbs., good and choice, s7® 11.25; 9001,100 lbs., good and choice, $7®11.25; 1,1001.300 lbs., good and choice. $7011; 1,3001.500 lbs., good and choice, $7011; 6001.300 lbs., common and medium, s4@7; heifers. 550-850 lbs., good and choice, $5.25 07; common and medium, $3.5005.25; cows, good and choice. [email protected]; common and medium. $2.9003.75; low cutter and cutter cows. $1.7502.90; bulls, yearlings excluded, good and choice beef. S4O 4.50: cutter to medium. [email protected]; vealers. milk fed, good and choice, $6.5008.50: medium, $5.500 6.50; cull and common. s3® 5.50; stocker and feeder cattle, steers, 5001,050 lbs., good and choice, $4.75 0 5.25; common and medium. $304.75. Sheep Receipts, 15,000; market, no fully established; few bids and sales steady to strong; spots unevenly higher; good and choice lambs bid (606.60; asking upward to $7: slaughter sheep and lambs, lambs, 90 lbs. down, good and choice, $6®6.75; medium. $4.5006; all weights, common. [email protected]: ewes. 90-150 lbs., medium to choice. $23.50: all weights, cull and common, $1,502.50; feeding lambs, feeding lambs, 50-75 lbs., good and choice, *4.75® 5.25. By United Press CINCINNATI. 0.. Jan. 15.—Hogs—Receipts. 2,900, Including 900 direct; heldover 1,240; moderately active, unevenly steady to 10c higher, better grade 160 to 225 lbs., *4.4004.50, mostly *4.50 on 220 lbs. down; one load a few small lots of choice sorted light weights, $4.60: 235-260 lbs., *404.25: 275-300 lbs., $3.75 03.85; 120150 lbs., $404.25; bulk sows, $3. Cattle— Receipts, 600; calves, receipts, 375; outlet unreliable for steers and heifers at declines of mostly 50c for the week on steers and 50@75c or more on heifers; a few scattered lots common and medium grades, *405.75; better finished kind upward to *6.50; other classes steady; beef cows, *3.2503.75; low cutters and cutters, mostly *2.2503; bulls, $4.25 down; vealers Arm; good and choice, *808.50, mostly; lower grades *8 down. Sheep—Receipts, 175; steady; supply very light; a few better grade lambs, $5.75 0 6.25; nothing here of value to sell above; common ana medium, *405.25; sheep, $2 down. By United Press EAST ST. LOUIS, Jan. 15.—Hogs—Receipts, 7,500. including 800 through and direct; market, fairly active on weights 230 lbs. down; 5015 c higher; weightier kinds Slow: sows fully steady; bulk 140lbs *4.1504.25; top, $4.2;>; 220-230 lbs.. *404 10: few 240-300 lbs., *3.75 0 3.95; sows, *3.1003.15. Cattle—Receipts, 700; calves, receipts. 500; mostly steady on all classes in slow trade; nardly enough steers on sale to make a market; a few steers, *505.75; mixed yearlings and heifers, *405.50; cows. *303.75; low cutters. *1.5002; top medium bulls quotable upysrd to *3.75; good and choice vealers, *8.50. Sheep—Receipts, 80$; market, lambs strong to 25e higher to city butchers: better wooled lambs, *4.2506.50; clipped lambs. *5.7506; throwouts, *3.5404; fat ewes, *3 down. By United Press rr. WAYNE. Ind.. Jan. 15.—Hogs—10c hl <[ her: 100-140 lbs.. $3.75; 140-160 lbs. $4; 180-200 lbs $4 15-300-225 lbs $4.05- 225-250 lbs.. $3.95; 250-ifa-300 lbs.. 3.75; 300-350 , 65 V M: stags. $150; calves. $8.50; lambs. $5.50. By United Press LAFAYETTE. Ind.. Jan. 15.—Hogs s*in rlc *V.A St , e /S. ,IT .w t 0 higher; 160-180 lbs., o U u , o w* 2oo -. lb f- 405 : 300-225 lbs.. $4 325-235 lbs.. $3.95- 235-250 lbs., $3.90- 250u?. lb Jv si 3 'wi lbs.. *8.75; 300-325 is as * 3 s#: lbs.. 3.i0: 100-140 lbs,. .f* down; top calves. $7.50; top iambs. $5.50. By United Press a. BUFFALO. Jan. 15. — Hogs on sale. J; 1 A 0 ?;.n ei *. ht *A belo, S. 250 lbi - firlv ictlve, generally steady, others slow; bulk. # 160-31 C *4.65: bulk. 220-245 lbs.. *4.35 j 4 10: SOO-315 lbs *4; pigs. *404.25. Cattle— Receipts 400: steers, heifers and fat sows. 25 to 50c under Monday’s average; some off more: good yearlings. *7.75: medium steers. *5.75: heifers. 55.15; common steers. *4-5. fat cows. *3.50: cutter grades $1.75* . Calves—Receipts. 650: vealers. active fully steady. *9.50 down. Sheep— Receipts. 1.500; lambs, steady to slightly nigher; medium and lower grades showing eoo <l *o choice. *6.50 to largely *6.75: common and medium *5.5006.25: inferior throwouts. *5 and under. Marriage Licenses Roy Williams, 31. Exchange hotel, soda dispenser, and Doris B. Hobson. 22. of 5076 West Sixteenth street, factory worker. Lloyd R. Harney. 31. of 319 North Pine street, laborer, and Suzanna Plummer. 19. Os 331 North Pine street. Richard P. Brookshire. 37. of New Augusta, farmer, and Hester McCreadv 20 of R. R. 17. Box 415. William J Moore. 28. of 4507 North Illinois street., student minister, and Audra La Vonn* Wood. 31. of 5030 Washington boulevard* student.

THE INDIANAPOLIS TIMES

New York Stocks (By Thomson * McKinnon)

By United Press NEW YORK, Jan. 15.—Sales on the New York Stock Exchange today totaled 1,600,000 shares. Curb stock sales totaled 340,000 shares. —Jaa. 18— , RaNraaSa • ■ . Prey. High. Low. Cloae. *Close. Atchison % 86, 91% 91% At Coast Una .. 39% 35% 39% 39% Balt 6k Ohio .... 31 20 30% 20% Cheaa Sc Ohio .. 30% 39% 30% 31 Chaw Corp .... 30% 19% 30 20% Can Pac 15% 16 15% 15 Chi Ort West ... 4% 4 4% 4 Chi N West .... 12% 11% 12% 11% C R Ids P 14% 13% 14% 14 Del LSc W 38 27 % 27% 27% Del 4t Hudson .. 83% 81% 82% 83% Erie 9% 9 9% 9% Erie Set pfd 12 12 Great Northern. 34% 36% 34 24% Gulf Mob Sc OU 8 Illinois Central. 17% 15% 17% 16% Kan City Sou ... 13% 12 12% 12% Lou & Nash .... 30 38 30 % 31 M K Sc T 7% 8% 7 7 Mo Pacific 9% 9 9% 9% Mo Pacific pfd.. 31% 19% 20% 21 N Y Central ... 36% 33% 36 34% Nickel Plate 8% 9 NY NH Sc H ... 30% 36 29 % 29% Nor Pacific 23% 21 32% 22% Norfolk Sc West. 130 136 139 128% OkW 6 7% 8 8% Peoria Sc E ..... .. 3 Pere Marq 12 Pennsylvania ... 33% 31% 36% 36% Reading 42 41 43 43 Seaboard Air L. % % So Pacific 37% 34% 36% 36% South Ry 12% 11 12% 12 St Paul 3% 2% 2% 3% St Paul Dfd ... 4% 4% 4% 5 St L St S F .... 6% 6 6% 6% Union Pac .... 85 83% 83% 85% $W abash 2% 2 2% 2 W Mary 7% 7% 7% 7% West Pac 4 Equipments— Am C Sc P .... 8 7% 8 8 Am Loco 8% 8 8 8 Am SU Pd .... 7% 7% 7% 7% Am A Br Sh.. 15% 15 15% 15 Gen Am Tank .. 82% 31% 32% 33 Gen Elec 35% 25% 25% 25% Gen By Sig .... 26% 34% 26 27% Lima Loco .... 16% 15% 15% 16% Poor Sc Cos 4% 4% Pr Stl Car .... 2% 2% 2% 2 . Pullman 34% 23% 24% 23% West Ar B .... 15% 16 15% 15% West Elec 30% 28% 30 28% Rubbers— Firestone ...... .. ... ... 14 Fisk •••••••••* .. ... ... % Goodrich 5 4% 5 4% Goodyear ...... 16% 16% 16% Kelly Sprgfid 1% 1% Lee Rub ... ... 2 U S Rub 5 4% 4% 4% Motors— Auburn 149% 143% 147% 145% Chrysler 15% 14% 15% 15% Gen Motors .... 24% 23% 23% 28% Grah-Paige .... 4 3% 4 4% Hudson 11% 11 11 11% Hunt) 5% 4% 5 5 Mack 16 15% 15% .6 Nash 18% li% 18% 18% Packard 5% 4% 4% 5 Pierce-Arrow 8% ... Peerless , 3% 3% Reo 3% 3% 3% 3% Studebaker ..... 12% 11% 12% 12% White Mot 10% 10 10 10 Yellow Truck ... 4% 4% 4% 4% Motor Access— Bendlx Aviation 18% 17% 18% 18 Borg Warner ... 11% 11 11% 11% Briggs 9% <% 9% 9% But?! Wheel ... 4 S% 3% 4% Campbell Wy 6% Baton ......... .. ... 8% 6% El Auto Lite... 30% 29% 30 30% El Storage B 3* Hayes Body . 1% Houda 3% 3% Motor Wheel . .. ... ... 6% Murray 80dy... 7 6% 6% 7 Sparks-W 3% 3% 3% 3% Stewart Warner 6% 5% 6% 5% Tlmkin R 011... 22% 21% 23 22%

Am Smelt .... 17% 16% 16/ 17% Am Zinc 33% ••• Anaconda Cop .. 11% U% 11% 13 Alaska Jun .... 13% 13 13% 13% Cal Sc Heel#,.. Cerro de Pasco. 14% 13% 14 IS A Dame Mines ... .. ... f% 8% Freeport Texas. 19% 19% 19% 19 Granby Corp ... .. ... 7% <% Great Nor Ore.. 13Vk l* H I*% Howe Sound ... .. ••• Int Nickel 8% 1% *A f’/e Inspiration * * T.l Vr]f Coal ... •. • !o Kennecott Cop. 13% 11% % Magma Cop ** Miami Copper.. .. ... ••• \ Nev Cons 5% 57s * Noranda ...... 14% I>% 14 13/ Texas Gul Sul. 25 24 4 25 U S Smelt 1* A 16% Amerada Ats Kfng% ’io *io% 10% Ktea u .:::::: < 5 % a 4 Indian Refining .. ... ••• i/ Mex Sbd % B *> Mid Conti "i Ohio OU *% 8% *£ ?j.. Phillips 5% 5% 5% 5% &&V b*Y st k ! 4 Iteyal V.’. lf* I|% 18 % Shell Un % f% 3 A JA !kelly ir ::. .. 3% 3% Stand of Cai ... 26% 35% 2% 26% Stand of N J... 29% 29 39% 29 4 Texas 13% 13 IS 3% union on::::::% 13% 13% 13% .. 9% 9% 9% 9% Bethlehem 22% 21% 22_.- 22.* Byers A M ..... 15V 147a 10/a 14 4 Cruc Steel 22% 'H ‘22% 21 3 Ludium “I”"!*. *4% "4% 4% "4% issstr?™: 15 5 9% B |% 2% % 6 % 4% Vanadium 16 15 15 A 15 4 Youngst 8 Am To (Anew). 76 74 75 75% Am To (B new). 7814 76% 78 78% Con Cigars 35 4 ... srr.ss’i: & „ * Reynolds fob*’.*. 40 * 39 4 39% 40* S& i :::::: % 2% & Ik

AbYtibt t ‘.‘r:. 2% 2% 2% 2% Adams Exp .... 5% 5% 5-2 5/4 Am For Pwr... 9 BV2 8 % 8 5 /, Am Pwr & Li.. 16% 15% 16V. 15% AT & “......124 121% 122% 133% Col Gas 8c E 1... 14% 14% 14% 14% Com 8c Sou 4% 4% 4% 4% Cons Gas 64% 62% 64 V, 63% II Pwr 8c Li... 13% 12% 13% 1$ Gen Gas (A).... 2% 2V, 2% 2y, Inti T 8e T.... 10% 10% 10% 10% Lou Gas 8c 53.. 21% 21 21% 21% Natl Pwr 8s LI.. 18% 14% 15 15% No Arner Cos.. I. 36% 35% 36% 36,, Pac Gas 8c El.. 35% 35'/2 35% 85% Pub Ser N J.. 57% 55% 57% 57 So Cal Edison.. 32% 31% ' 31% . 31% ltd GBc E 1..... 33% 31% 32% 31% United Corp.... lOV2 9% 10% 10 Un Gas 1mp.... 20% 18% 20% 19% Ut Pwr 8c L A.. 10% 9% 10% 10% West Union .... 44% 42% 43Vi 42Vi Am^lnt^^Corp.. 6% 6V4 6% 6% N Y Ship 4Va 4 2 Inti Mer M pfd 3% No Gm Lloyd.. .. ... ••• 7% United Fruit.... 25 24% 25 24’/, Foods— Am Sugar 34/, 35 Armour A Beechnut Pk*;.; -9% csn % Cont Baking A.. .. ... % f% Corn Prod ...... 45% 44 44 45% Crm Wheat ••• 22% Cudahy Pkg 32 32>/ 2 Gen Foods ..... 15% 35% 36% 36% Grand Union ... 8% 8 8% 8% Hershey 82 80% 83 81 Jewel Tea 33% 33% Kroger 15y, 14% 15 15 Nat Biscuit 43% 42% 43 43% Natl Dairy 13% 13 13% 25y 2 Purity Bak 14 Pillsbury ....; 21% Safeway St ..... 48% 47% 48 48% Std Brands .... 13% - IS 13% 13% Drugs— Coty Inc 4% 4y 4*a 4% Drue Inc 54% Lambert Cos .... 55% 54% 54% 56 Lehn 8c Fink ... 32 21% 22 21% Industrials— Am Radiator ... 8 7% 8 7’/, Bush Term 18 Certalnteed 2 s /, Gen Asphalt .... 15% 14 15% 13% Otis Elev 21% 21% 31% 31% Ulen 33 Indus Chens*— Air Red 54% 53% 54 53% Allied Chem .... 73% 71% 73% 72% Com Solv 9y 9 , 9% 9V, Dupont 57 55% 55% 58% Union Carb .... 33% 32% 33% 33% U S Indus Alco.. 29% 28% 29 27% Retail Stores— Assoc Dry Gds.. 8% 7% 8% 7% Glmbel Bros 2% 2% Kresge S S 18% 17% 18% 18% May D Store 19% 20 Mont Ward .... 10% 9% 9% 9% Penny J C 29V, 38% 29% 29 Schulte Ret St JVi Sears Roe 35% 35 35% 35% Woolworth 44 42% 43% 43 Crosley Radio 3% ... Eastman Kod .. 86Vi 83% 86 85 Pox Film A ..... 4% 4% 4% 4% Grigsby Gru 1% 1% Loews Inc 30% 29% 30 30% Param Fam 10% 10% 10% 10% Radio Corp .... 8% 8 8% 8% R-K-O 6% 8 6% 6% Warner Bros ... 4 3% 4 3% MiscellaneousCity Ice Ac Fu 27 Vi Congoleum 9% 9Vi 9% 9% Proc 8c Gam ... 42 41% 41% 42 Allis Chal 13% 12 13% 12% Am Can 65% 63% 64% 64% J I Caae 41% 37% 41% 37% Cont Can 36% 36% 35% 36% Curtiss Wr 1% 1% 1% 1% Gillette S R .... 13% 13% 13% 13% Gold Dust 15% 18% 18% 18% Int Harv . 21% 25% 28 V, 26% RAW SUGAR PRICES —Jaa. 15— High. Low. Close. January 1.05 1.03 1.04 March 1.07 1.06 1.06 May 1.10 1.08 1.08 July 1.14 1.13 1.13 September 2 .IP 1.18 1.19 December I.*; 1.24 1.24

BUYERS PUSH GRAINS UP IN LATETRADING Small Gains Made as Short Interests Cover Early Sales. BY HAROLD E. RAINVILLE United Press Stall Correspondent CHICAGO, Jan. 15.—Local short covering ran wheat prices up nearly a cent from the early lows on the Board of Trade in the closing moments today and the finish was at small gains. The advance was checked by selling against offers. Previously the market had been a dull, lifeless affair that drifted lower of its own weight. A reactionary trend in stocks and weakness abroad were early depressing factors. Com held close to wheat most of the session and had small gains at the last. Oats held firmer than the other grains, but was around steady. Cash Prices Down At the close wheat was % cent to % cent higher, com was %, cent to % cent higher and oats % cent to % cent higher. Provisions were weak. Liverpool held around the low levels of the day and finished with IVs pence to 1% pence losses, equal to % cent to % cent lower. Although the sharp decline in Liverpool was partly offset by the advance in sterling, the exports of more than nine million bushels of wheat from the southern hemisphere were larger than expected. Cash prices were unchanged to 1 cent lower. Receipts were 7 cars. Com hexl a fairly steady tone throughout the morning and at mid-session was unchanged to % cent lower. Oats Show Finn Tone The rough weather over the belt had little or no effect, although it brought in some support on the dops. May touched 39%, anew low since Dec. 14, early, but prices were unchanged to 1 cent lower. Receipts were 73 ears. Oats had a better undertone than any of the other grains, showing % cent lower at mid-morning. The steadiness was due to the cheapness more than any other influence. Price changes were of np significance. Cash prices were unchanged to % cent lower. Receipts were 21

cars. € Chicago Grain Range ——Jan. 15— WHEAT— Prev. Open. iHeh. Low. Close, close. Mar... .54% .55% .54% .55 .54% May.. .5# .567* .55% .56% .56% July.. .55% .56 .54% ,557a .55% Sept.. .567. .57% .56% .57% .56% Mar?.. 177a .38% .37% .30 .37*4 May.. .30% .39% .39% .39% .39% July.. .41 .41% .40% .41% .41 Sept.. .417* .42% .417a .42% .43 OATS— May.. .26% -3 .25% 36 .75% July.. .25 .25% .34% .35% .75% RYE— May.. .46% .46% .46 .45% .45% July.. .46% .46% .45% 46% .45% LARD— Jan... 5.22 5.25 5.22 5.25 5.27 Mar... 5.32 5.35 5.32 5.35 MO May.. 5.52 5.52 5.47 5.50 5.52 July.. 5.62 5.62 5.90 5.92 5.67 Sent... 5.72 5.75 5.72 5.75 5.80 BELLIES- c „ Jan... ... ... ... 5.80 5.80 May ... 6.20 6.20

By Times Special CHICAGO. Jan. 15.—Carlots—Wheat. 3; corn, 127; oats, 30; rye, 0, ana barley, 11. By Times Special CHICAGO. Jan. 15—Primary receipts: Wheat. 510.000 against 1.006,000; corn, 377.000 against 790.000: oats, 210.000 against 312.000. Shipments—Wheat. 483.000 against 634.000; corn. 121.000 against 488.000: oats, 76.000 against 328.000. By United Press TOLEDO, Jan. 15.—Close Elevator prices. Wheat—No. 2 red, 58%@60%c. Corn—No. 2 yellow, 39® 40c. Oats—No. 2 white, 29® 30c. Rye—No. 2,49 c. Grain on track, 28%c rate. Wheat—No. 2 red, 54% 055 c; No. 1 red 1 cent premium. Corn— No. 2 yellow, 34%@35c; No. 3 yellow 32%@33%c. Oats—No. 2 white, 26@27c; No. 3 white, 24 1 /a@26c. Clover—Prime, $8.75; February, #8.85; March, *9. Alsike — Cash, #8.75; February, $8.85; March, *9. Butter—Fancy creamery. 25® 28c. Eggs— Extras, 16 , /2@l7c. Hay—Timothy, per cwt., sl. By United Press CHICAGO, Jan. 15.—Cash grain close: Wheat—No. 3 red, 54c: No. 4 red, 54%c; No. 2 hard, 56c; No. 2 mixed, 54%c; No. 3 mixed, 55c. Corn —No. 3 mixed, 34@ 35%c; No. 4 mixed, 34@34%c; No. 2 yellow 3703874 c; No. 3 yellow, 35%@36%c; No. 4 yellow, 34@3c: No. 5 yellow, 347 c; No. 3 white, 36036V2C. Oats—No. 2 white, 25 @267tc; No. 3 white. 24®25c. Rye—No. 2. 49>/2C; No. 3. 49%c. Barley—42® sßc. Timothy—s3.7so4. Clover— sßols.so.

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 13c: henery auality No. 1. 15c: No. 2. 9c. Poultry inuylng prices)—Hens weighing 5 lbs. or over. 15o; under 5 lbs.. 14c; Leghorn hens, 10c: broilers, full feathered, 3% lbs. and uup. 12c: barbeback. 9c: Leghorn broilers. 10c: spring chickens. 6 lbs. and up. *3c: under 12c: old cocks. 7c: ducks. fiU feathered. 9c; geese. 6c. These Drioes are for No. 1 top auality auoted by Kingan Sc Cos Butter (wholesale)—No. 1. 26®27c: No. 2. 25026 c. Butterfat—23c. Cheese (Wholesale selling price per pound)—American loaf, 23%c; pimento loaf, 257<c; Wisconsin firsts, 19c; Longhorns. 19c: New York liberger. 30c. By United Press NEW YORK. Jan. 15.—Potatoes—Market, quiet; Long Island, 85c®*2.25 barrel: southern, $2 basket; Idaho, $2.25 02.50 sack; Bermuda, [email protected] barrel- Maine, $1.5002 barrel; Canada, $1.5001.66 barrel. Sweet potatoes—Market, inactive; Jersey baskets, 40c®$1; southern, baskets, 250 60c. Flour—Market, dull; spring patents, $4.35®4.60 barrel. Pork—Market, quiet; mess, $16.75. Lard—Market, firmer; middle west spot. *5.50®5.60. Tallow—Market, easy; special to extra 274@2%c. Dressed poultry—Market, firm; turkeys, 21031 c; chickens. 17033 c; fowls. 10024 c; broilers. 17026 c; capons. 20 0 36c; ducks, 10020; Long Island. 19c. Live poultry— Market, irregular; geese. 11015 c; ducks, 11027 c; fowls, 18@23c; turkeys, 18®32c; roosters, 10011 c; chickens. 15@23c: broilers, 15@25c; capons, 17025 c. By United Press CLEVELAND. Jan. 15.—Butter—Extras, 27c; standards. 27c; market steady. Eggs— Extra firsts. 16%c; current receipts, 15%c; market weak. Poultry—Heavy fowls, 20c; medium. 18c; Leghorns. 15016 c; smooth springers. 16018 c; ducks. 20c; turkevs, 25c; geese 15c; stags, 14c; market, steady. Potatoes—Ohios, 50@55c per bushel; Maine Green Mountain mostly *1.1501.20; few *l.lO per 100-lb. sack; Idaho russet, medium to large, few $2 per 100-lb. sack.

Local Wagon Wheat

City grain elevators are paving 45c for No. 2 red wheat and 45c for No. 2 hard wheat.

In the Cotton Markets

CHICAGO —JID. 15 —- V , Hitrh. Low. Close. March „ 6.78 8.74 6.76 May 6.96 8.89 6.93 Julv 7.13 7.07 7.12 October 7.33 7.25 7.30 NEW YORK January 6.62 6.97 6.58 March 6.74 6.65 6 68 May 6.89 6.81 6.86 July 7.07 6.98 7.03 October 7.27 7.22 7.28 December 7.46 7.38 *.42 NEW ORLEANS January 6.60 6.52 6.58 March 6.71 6.62 6.68 May 6.87 6.78 6.84 July 105 6.96 7.02 October 7.20 7.14 7.20 December 7.33 7.30 7.33 NEW YORK COFFEE RANGE —Jan. 15— High. Low. Close. March 5.90 5.90 5.90 May 6.05 6.00 6.00 July 8.13 6.07 8.07 September 6.30 6.15 6.15 December 6.25 8.33 6.23

Chicago Stocks (By James T. Hamill Sc Co.Y

TOTAL SALES, 71.006 SHARES. —Jan. 15. High Low Last Art Metal Works 2% Ass Tel UtSl 11 10% 11 Bendlx Aviation 18% 18 18% Bisks Mfg 5% 5 5% Borg-Warncr 11% 10% 11% Butler Bros 2% 2% 2% Castle, A M 9% Cent 111 Sec Com 1% ... # ... Gent 111 Sec Pfd .... 14V 14 14 Cent Pub Sen Cl A.. 2% 2% 2% Cent Se S West 5% 5% 5% Cities Service 6% 6% 6% Common Edison 119 117 119 Continenetal Chicago,. 2 1% 1% Continental Ch Dfd ..21 Cord Corp 7% 7% 7% Corp Securities 1% i% i% Corp Sec pfd . „ 3 ... Electric Household .... 8 7 7% Great Lakes Aircraft... 1% 1% i% Grigsby-Grunow 1% 1% i% Hart-Carter pfd 5% ... ... Houdallle-Hershev A... 10 Insull Util Invest 5% 4% 5% Insull Util Inv pfd 2d sr 14% 13% 14% Iron Fireman 4 ... Kellogg Switch Com... 2% Manhattan-Dearjiorn .. 4 ... Marshall Field 12% Middle West Utilities.. 6% 6% 6% Missouri-Kansas Pipe L 1% National Electric Pow A 12 ... ... National Standard 20 Ontario Mfg 5% ... ... Parker Pen 5% Perfect Circle 26 Pines Winterfront 5% 5% 5% Public Service N P ....120 119% 120 Quaker Oats 93% 92% 92% Reliance Mfg Cos 7% 7% 7% Seaboard Utilities shares 1% 1% 1% Swift &Cos 18% 18% 18% SWlft Intemaclooal.. *5% 21% 22 U S Radio & Tel .... 12% 12 12% Utah Radio 1% l i% Utility & Ind 2% Utility Sc Ind Dfd .... 10 9% 9% Walgreen Cos com 11% 11% 11%

WEEKLY LIVESTOCK REVIEW

WEEK ENDING THURSDAY. JAN. 14. By U. S. Dept, es Arrfenltnre. Hogs Local hog marketing has not differed sufficiently In volume from last week to Justify any material price change, but western and “River” markets have been well supplies and prices moved downward to a slight extent. The net loss amounted to 15 to 40c with lightweights taking most punishment. Local packers and order buyers have operated on a normal basis, but both have been handicapped by heavy movements elsewhere and necessary price concessions. .Bulk sales on all weights remain above $4.00 and certainty under *5.00. Last Thursday bulk prices for 160 to 300 pound averages were *4.15 to *4.66. top #4.75. Todays prices for comparable weights are $4 to *4.25. Indicating a narrowing of the price range, with most loss on weights under .700 pounds or at least under 225 pounds. Underweights and light lights from 100 to 160 pounds cashed today at #4 to #4.25. reflecting a net Jose of 25c for the period. Packing sows usually landed from (3 to *3.50. but late in the period stags received a setback and now sell from $2.75 to *3.35. Cattle “Somebody lost the yardstick” with which both live and dressed cattle values have recently been measured. The result was confusion and uncertainty in both branches of the trade with the price movement unmistakably lower on both live and dressed products. Marketing through terminal agencies expanded slightly but not beyond expectation. but there was no improvement in the consist of available market supplies. Unseasonable warm weather in the east and midwest contributed to a general softening and lowering of the price level on dressed meats. This condition as usual was immediately reflected in the live stock trade with corresponding price changes. Last week’s forced gain was not maintained and losses thus far this week more than offset the temporary recovery.

Comparisons with a week ago. ten days ago, the high spot and the low spot are not only confusing, but may be very misleading, unless translated into terms of net gain or loss to producers, packand distributors. The only absolutely safe comparison with last week is that no class has advanced and that a series of irregular declines has been registered on most all offerings. With the price range still close to last week’s quota, tions. the extent of the logs depends largely on the astuteness of the buyer ana the urgency of his orders. Steer run here and around the circuit oonsisted largely of warmed up, rough, half fat descriptions of all kinds, to which many trade Interests apply the term "counterfeit.” Such offerings certainly have an uncertain value in anybodys hands and frequently buyers and sellers were as much as $1.50 to $2 apart in their Ideas. Considering all irregularities, so far as possible, it seems that the steer contingent will average around 50c lower for the week, and that most heifers sold on a comparable basis. Cows fared some better, partly because of light marketing and a somewhat urgent demand Tuesday and Wednesday. While some buyers figure they have saved 25c or more on cows, others stepped out and bought them at steady Summarizing the week, beef steers cashed generally from *5.25 to *6.50 with ths average weight from 960 to 1,140 pounds. Desirable vearlings. scaling 1,075 pounds, rather thick fleshed, lacking in uniformity and far removed from top Tends topped at *8.25. Other lightweights changed hands at *7.25. $7.50 and $7.70. and strictly choice descriptions are still considered salable around *IO.OO or better. Common killers ranged downward to $4.00 and less. Heifers bulked from $4.50 to $6.50. several up to $7.00 and a very few lightweights to SB.OO and $8.25. Common descriptions sold as low as $3.00. Beef cows moved unevenly but in general cashed from $3.00 to $4.50. bulk $3 25 tc $4.25. with low cutters and cutters In an extreme range of $1.50 to $3.00. Vealers moved within a 50 cent spread, good and choice. $7.50 to $8.50; others. $4 to $7. according to weight and auality. Sheen The movement of fed western lambs started recently seems to be well under way and most sales so far compare favorably with those reported elsewhere. Last week’s prices have not been maintained, but daily clearances were effected, sometimes at a late hour, in a satisfactory manner. Most fed westerns of desirable weight and finish realized *6.00 to *6.25. although some of today’s supply was held fivmlv at *6.50 and above. Most natives cashed from *5.50 to *6.00. the former price taking some weighty, unsorted offerings Throwouts ranged downward to *3.50. but hardlv anything good enough for slaughter or return to the country sold under #4.00. Fat etves sometimes reached $2.50 and a little better, but only the most attractive kinds are salable above *2.25. Common and cull ewes sell down to SI.OO and less. New York Liberty Bonds —Jan. 15— 3%s 95.10 Ist 4Vs 98.20 4th 4%s 99.5 Treasury 4’As 101.4 Treasury 4s 96.26 Treasury 3%s 91.8 Treasury 3s of ’47 90.16 Treasury 3%s of *43 (March) 90.20 ANNOUNCEMENTS

1 Death Notices CLUTE. ADA DUNN—Age 62. wife of A. J. Clute. mother of Blendean and W. Gienmore and grandmother of Joan Clute. passed away Thursday morning at the Methodist Hospital. Services at the FLANNER & BUCHANAN MORTUARY Saturday, 10 a. m. Friends invited. Burial Sheldon. 111. Friends mav call at the mortuary Friday. EGAN. CATHERINE BOYD Beloved mother of Mrs. A. S. Meng and Katherine E. Dav of Philadelphia. Pa., passed away Wednesday. Jan. 13. age 79 years. Services at St. Joan of Arc Churcn. -21 and Centra] Sat.. Jan. 16. 9 a. n. Friends mav dall at the home. 4458 College ave.. after 2 p. m. today. Burial Crown Hill cemetery. JONAS. WILLIAM F.—Beloved husband of Bertha Jonas, father of Mrs. Minnie Gray. Charles and Henry Jonas, passed away Thursday. Jan. 14, age 74 years. Funeral service* wlllbe held at the residence. 1107 Bouth west Stt.. Saturdav afternoon. Jan. 16. at 2 o'clock. Burial Crown Hill cemetery. Friends invited WALD FUNERAL DIRECTORS. KEYS. WILLIAM H.—Pissed away Jan 13. He was formerly employed by the police department and also the YeUow Crb Company. Friends may call at W. T. BLASENGYM’S FUNERAL PARLORS. 222(1 Shelbv St., any time after 10 a. m. Friday. Funeral Saturday 10 a. m. ir charge of police department. Burial Crown Hill. KIRSCH, BARBARA—Age 74, beloved widow of the late Adam Kirsch, mother of Mrs. Joseph Weishaar, Mrs. Fred Miller, Mrs. Robert Smith, Anthony and Joseph Kirsch, passed away Wednesday, 5:30 a. m. Funeral Saturday, 8:30 a. m. at the residence of daughter. Mrs. Fred Miller. 2705 Barth Ave.. and at 9 a. m., St. Catherine's church. Burial St. Joseph’s -metery. Friends invited. Friends may I any time. G. H. HERRMANN IN C iRGE. Deceased was a member of Christian Mothers’ Society. LEIPER. HORACE P.—Beloved husband of Mrs. Maude M. Leiper and father of J. Harry Leiper. Washington, D. C., and Mary E., Helen W. and Edwin T. Leiper. passed away Thursday morning. Friends may call at the home. 442 Harvard place, from Thursday, 3 p. m. until Saturday noon. Ihmerai services at the FLANNER & BUCHANAN MORTUARY Saturday, 1:30 n. m Friends invited. MARQUIS. MARY—Beloved mother of Mrs. Gilbert Harris, passed away Jan. 14. age 78 years. Funeral Saturday 2 p. m.. <t the BLASENGYM FUNERAL PARLORS. Burial Memorial Park. Friends invited. McMATH. THOMAS BRODIE—Age 69 years, father of Mrs. Frederick E. Gifford. Mrs. John K. Goodwin sjid T. Burnham MeMath of Chicago. Trent McMath of Detroit. Mrs Joseph W. Shirley Jr. of Baltimore. Md.: Miss Sarah Louise McMath of Indianapolis and brother oj Frances C McMath. passed away Thursday morning. Services at the residence. 1220 Pickwick place. Golden Hill Saturday. 2:30 o. m. Fr‘ *fid* Invited. Burial

EASY CREDIT IS NEW POLICY OF RESERJfEBANKS Federal System Moves to Speed Up Industrial Recovery. BY RAYMOND CLAPPER United Press Staff Correspondent WASHINGTON, Jan. 15.—An easy money policy is being quietly and cautiously inaugurated in the federal reserve system to encourage business recovery. The hope is that combined with the $2,000,000,000 maximum credit contemplated by the new reconstruction finance corporation, banks will gain new resources and new confidence and will be willing to release more money to business, thus speeding up the spiral of recovery. Bill Rate Reduced The psychological factor is stressed by authorities here. If the banks see easier money available, they will, it is believed, be more willing to expand their commercial loans and thus enable business to speed up. First effects of the changed attitude already have been registered in the rapid rise in the New York stock market this week. The first act toward easier money was the reduction of the bill rate by the New York Federal Reserve bank this week. This is a technical maneuver designee, to encourage banks to pass more paper on to the federal reserve system and get for it additional funds with which to operate. Millions of dollars can be made available in this way if the banks choose to utilize the opportunity. Pressure has been growing rapidly on the federal reserve board to loosen its facilites. Credit Reserve Doubled Some officials of the New York federal reserve bank are understood to have felt the reserve board was too drastically restricting credit. Numerous economists have declared the board has strangled business by too ruthless a deflation policy. The board has opposed many suggestions by its critics as constituting inflation. It has denied that it was forcing deflation and has insisted that the contraction of credit has been by the banks themselves in refusing to make loans. The amount of total reserve bank credit was out is about $1,900,000,000, more than double what it was a year ago. The reserve system has $1,400,000,000 in excess reserve, which can be used of needed to provide about $3,500,000,000 credit. This can be expanded in business activity by 10 or 15 to one. This is offered as the answer to any charges that the system has pot sufficient credit available.

ANNOUNCEMENTS I Death Notices SNODGRASS, NOAH —Beloved father of Mrs. Leah Waston, Frank. Charlie, Dell. Jennie. Myrtle and Austin, passed away at the home of Mrs. Waston. 2149 Garfield Drive. Jan. 14. Friends may call at the daughter’s home, anytime after 10 a. m. Saturdav. Funeral services 4 p. m. Saturday. Burial at Landessville. Lid.. 2 p. m. Sunday. W. T BLASENGYM in charge Marion (Ind.) papers please copy. WARNER. NELLIE M. (nee DARLING) Age 56 years, wife of Will S. Warner, sister of Mrs. J. E. Tvler and Harry Darling, and aunt of Gertrude Darling, passed away Thursday morning at tbe residence. 842 Udell St. Services from the Seventh Christian church Saturday at 2:30 p. m. Burial Crown Hill. Friends mav call at. residence. 3 Funeral Directors, Florists W. D. BEANBLOSSOM 1321 W. Ray BE. 1588 W. T. BLASENGYM Main office. 2226 Shelby Bt. Branch office. 1634 W Morris. Dr, 2570. 522 E. Market Rl. 5874 HISEY & TITUS 951 N. Delaware Ll. 3828 WM. E. KRIEGER 1402 N. Illinois St. Rl. 1243 EADES BROS. J. C. WILSON 1230 Prospect Dr. 0381-0322 GOODRICH FUNERAL SOME. Meridian. Ta 1050

4 Lost and Found KEEPSAKE—Lady’s white gold Bulova wrist watch, downtown or statehouse. Wed. Reward. 734 Lincoln. Dr. 4981. BOSTON Terrier Male—“ Scrapper.” 2332 Coyner ave. Ch. 5481. Reward. LOST—Man’s red Persian muffler; reward. Call Rl. 1103. CHILD’S PET—Male, black, tan police dog; name “Rex;** reward. Ch. 4355. YELLOW Parker fountain pen; East Wash. st.. or car; reward. Ir. 7322. POLICE D0G—4133 Ruckle St., named “Ritz.” Reward. Hu. 5623. KEEPSAKE—SiIver lavalier with brilliant. Speedway bus or downtown. Be. 2759, CHILD'S pet: blk. Bos. Bull, male, wearing harness. Rew. 2120 N. Rural. Ir. 4757) BROWN purse: Northwestern car or downtown. Party jobless. Reward. Ha. 4331-J. WILL party who called Hu. 5070 about keys, please call again. STRAYED—Boston Bull; blk. body, white breast. Name “Boy." Rew. Ch, 1354-W.

5 Personals C-A-S - H ! ! ’ for OLD GOLD, GOLD TEETH WOLF SUSSMAN 239 W. Washington St. OLD GOLD—GOLD TEETH Discarded Jewelry—WlU Pay Cash STANDARD GOLD SMELTING CO. 4th Floor—23 N. Pennsylvania St. The Boyd Sanitarium Permanent or temporary home for aged, nervous or chronic cases: moderate rate. 37 W. 30th gt. Ta. 5251. YE OLD TTME BUCKWHEAT cakes from bunr ground flour, COUNTRY SAUSAGE. MAPLE SIRUP. Give your friends a treat: something dlffer- . ent. Call us. He 4253, We’ll arrange It. PILES removed without pain, no anesthetic no after effects, no loss of time from vour work. Treatment modern and reliable. For apDointment Dhone IR 5344 QUILTING—CH. 2537 DRESSMAKING—taiIoring, alterations; reasonable. 1858 N. Talbot. Ta. 6398. GREGORY SANITARIUM—Treatment for rheum., lumbago. 318 E. 11th. Rl. 5057. BUSISESS SERVICE 7 Business Services GEN REPAIRING— ReaI sewer man: leaky roofs, gutters, furnace polls. Ch, 2363-J. PLUMBING lowest Brices; furnace rolls installed. 94; work aruarn. Ch. 5057-R. 7-B Paperhanging and Palatine PAPER HANGlNG—Cleaning, estl. free. Ch. 2004. FRANK JACKSON. If. 2415. IST CLASS Paper Hanging. 81 to 82.50 oer •rm.; ’32 samples at estl. frefc Ir. 8088.

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BUSINESS SERVICE 7-A Marine, Transfer, Stonge CLEAN FIREPROOF STORAGE— Where your good* are aafe. Private locker*. Low raten. eazy term*. Get our ortca on moving: guaranteed service. STORAGK-OVXRLAND HAULING Special price* on return loads, packing California shipments. Pool ears. RL 3638. Ri. 8561. Nights, Ch 0699-W. OTTO J, BUEBZ. WEST SIDE TRANSFER Sc STORAGE Storage 50c per rm.. next 60 Uavs* 1410 N. West St. LI. 1734, MOVDfO. *3— You help! *1 less: quick service; careful white men. Ch. 5840. CALL JAY. Ch. 6823. for moving: *3 ard up; large vans. MOVINO —*2 up; white men: anvwhere. anvtlme. PETE'S. Ch. 3878. - - ■ ■■■•-. ■ ■■■ ■ ■ ■ 8 Beauty Parlors BELCANO SHOP—WIGS Sc TOUP2Es"" Permanent waves. *5. 87.50. 810, 307 Rsosevelt Bldg. LI 0673 _ INSTRUCTIONS 10 Schools, Colleges, Tutoring SPECIAL —6 Weeks free Instruction; voice, piano or pipe organ: only *2. No other cost or obligation, ir, 0956. HELP WANTED 13 Help Wanted—Male BARBER WANTED 14 Help Wanted—Female MIDDLE-AGED ladv for housework: heln with children. 353 N. Holmes. WANTED—Stenographer In exchange for house rent. LI. 2663. 400 Kahn Bldg. ___ RENTALS .~~ 17 Furnished Rooms BROADWAY. 3439—Desirable fr. rm. Ut car; 1 or 3 gentlemen, brktfst. Wa. 1229. CENTRAL. 1513—Choice front rm.; new furniture: reasonable. Rl. 8809. CENTRAL, Penn, and all other locations, finest rms. in city, #3 up. WE TAKE YOU TO THEM. Rl. 3754 to 8 p. m. No charge. FURNISHED RENTAL BUREAUCENTRAL, 1323—Lovely rm.. modern aptJl const, hot wat.; 1 or 2 gentlemen. LI. 7603. COLLEGE, 2355—Attractive. large rms.T twin beds: plenty hot wa.; pVtv. home. bQLLKGE. 2527—Nice, warm rm. with home privileges; garage. He, 2167, COLLEGE CAR—927 Edison: lovely warns rm.. very reasonable, Rl. 2605. DRKXEL AVE.—Rm.. breakfast or kitchea privileges, mod, home: east. Ir. 6862, EWING, 1370—E. 10th car line; ' warin' front rm. for gentleman. FALL CREEK—Attractive warm rm. next bath: breakfast, for 2, He. 4461. FOUNTAIN SO. —Cozv rm.! single or .1ouble; reasonable. 1222 Prospect. Dr. 4496-R HAMILTON. N.. 912—Comfortable rm.. next bath: 1 or 2 women. Ch, 5803-R, ILL.. N.. 2326—Lovely front rm.. 1 or 2; hot water: private home. Ta. 6921. MERIDIAN. N.. 2235—*3: warm rm.. horn* privileges: board optional. Ha, 4833-M. NORTH—Pleasant front room, modern home; >3 and *4; Penn, car. Ha. 3455-M. ORIENTAL, 20 N.—Mod. rms., good heat; *3 50 and >3: priv. ent.; home privileges. PENN.. N.. 1347—Lovely mi with alcove; J mqp prefer rad; qufet honr.t. U. 8857. PiSnn, N. of 30Tfe.—Attractive, warm rm.; private home; references Ta. 0582. RANDOLPH, N., 436—Front sleeping rm.} prty. mod, home; breakfast opt., reas. SARATOGA HOTEL—S4O Mass. Simmons beds, low dally and weekly rates. STATE. N.. 124—#5; includes laundry. garage, nice rm.. mqais opt. LI. 9921. Front" ROOMS—Private entrance; reasonable: Illinois Car line. Ta. 2144 before 5. HOTEL ANTLERS ST DENTS HOTEL: warm, clean. *t OX. L/HilVlO } or u l3e w Market , CLINTON HOTEL—29 Va. Desirable sleeping. also hnusekeep. rms.; steam heat. Nib*:, warm rm. with breakfast *5: 2 in rm- *4.75 each. He. 1712.

18 Housekeeping Rooms ASHLAND. 1634—MODERN ROOM: CONI NECT3 BATH: PRIV. ENT.; REAB. BROADWAY. 1546—2-rm. front apt., uril. Child welcome: reasonable. LI. 9923. BROADWAY. 1134—1 to 3 rms.. kitchenrif*. 2 beds, some priv. baths. $4.50 to *9. m BROADWAY. 1422—Furnished apt., r.teaia heat; private bath, garage: reduced. BROADWAY. 835—1 & 2 room apartments, everything furnished; close to stores. OAPITOL. N.. 7l‘6— Large, steam-heated rm.; child w.elc ; parking space; *4.50. furn. yt.; *7 wk. McGEE. Ll. 6028. Ta. 5867. COTiLEGE. 1232—2 large rms.. plenty ’eat. hot water; private entrance: adults. COLLEGE, 2630 —2 2-rm. apt.s.: priv. home, steam heat.; garage; side dr., phone. COLLEGE, 1822—2-rm. apt., sink share bath; privileges; *5. He. 2498. DELAWARE. N.. 1017—Beautiful front rm.. private bath, kitchenette. Ri. 8255. FOUNTAIN SQUARE—3 rms" *4.50: 2 rms. *3 and $3.50; not modern. IQI7 Prospect. HIGHLAND AVE.. N.. 21—2 furnished front connecting: good heat; garage. ILL.. N.. 2339 —2-rm.. kitchenette apt., priv. ent.; Maytag washer; $7.50. Ta, 7110. LEOTA, 115—Two light housekeeping rms.. $3.50 week. Free parking. MARION. 802 —Furnished housekeeping rms.. hot. cold water, sink In kitchen, gas. electric lights, furn. heat. laund r v; *5 and *6: each apt, strictly private, MERIDIAN S.. 1706—1 large rm. nert bath, private entrance: adults. Dr, 34*2. NEW JERSEY. N.. 2042—Rm. kitchenette. 2 front rms., hot wa. heat. Priv. ent OHIO. E. 540—2 large rooms; *4 week: others. $2.50 up: gar., *2 mo. OLNEY. N., 1944—3 or 4 ladles or couple; front connecting: phone; gar,; $6. ORIENTAL. N.. 20—3 rm. furnished Ant.. $7: also front sleeping rm.. $3. RURAL. N. 1019—Cozy 3 rms.. nicely furn. large closet, porches: reasonable. TALBOT. N., 2422—2-rm. apt., priv. ent.; sink: garage; redecorated. Ta. 7110. TALBOT, N.. 2338—2 rms. and kitchenette, completely furnished; reas. Ta. 7038. UDELL. 874—2 rms., mod.: utilities furn.; sink: private entrance: $6. Ha. 3263-W.

WALNUT. E.. 115—2 rfeoms. furnished; clean; $6. gee housekeeper ip basement. WASH., S. 9 1405—Rm. also 2rm. furn.; steyn ht. Rl. 4703. WASH.. E.. 3301—3-rm. zuite: comp, furn.; private entrance; reasonable. Ch. 1984. WOODLAWN, strictly modern; everything furnished. iITH. E., 52b—Couple who would appreciate rm. in private home, clpse in; everythg. furn.; cons, hot water, Rl. 6656. DOWNTOWN—Furnished o"r untufntshed; hs LADY to. share home with sHdow; very reasonable. 5284 f7 Walput after 6 p. m. *5—1929 Central. Rm., kitchenette: steam heat; Ist flqpr; garage. 2 LARGE rms. mod., unfum.; walking distance down town; $8 mo. Ch. 0424. 3 RMS. furnished or unfum. private bath; garage, utilities, newly decorated, rood neighborhood: *25. Ll. 8851, 2 UNFURNISHED rms.; heat, water, lights turn.: *6 wk.: adults only. Ta, 2571.

19 Rooms with Board CENTRAL, 2820—Large, warm rm.; suitable for 2; meals opt. Ha. 1677-R. CENTRAL, 1860—Young men between 20 <fc 30 yrs.; real home cooking. Ha. 3845-R. COLLEGE. 839—Modern rooms, good meats: 4 persons: 36 each, with meals. GRAY. N., 958—54.50, rm. board; gentleman; prlv, hm; E 10th car. Ch. 3232-R. KEALING, 1319—Lovely room, board. laun> dry; garage optional. Ch. 6735. MERIDIAN. N., 2153—Lovelv lge. rm. for 2 girls; next bath: meals opt. Ha. 1673-J. NEWMAN. 1019—Comfortable rm.. 1 nr 2; private home; meals optional. Ch. 1476-M, PARK, 833—NICE RM.. HOME COOKING^ 86 LADIES: $7 MEN. RI, 9930. RANDOLPH, N.. 231—Rm., board, private family; 85; widow’s home. 32D. E.. 603—Lovelv front, steam h*-at, privileges, radio, meals opt. Wa. 2836. $6.50 —Central. 1929. Cos :y front rmT; steam heat; garage; hp.ne cooking. CHILDREN—Under school age mother’s care: modem home. Be. <.902. 21 Unfnmlshed Apartments ASHLAND. 1214—Upper apt.. 4 rms„ modern: heat: gar. Reas. Rl. 2636. COLLEGE, 2052—2-rm. apt.; enclosed porch: all utilities turn; $f wk. He. 5023, COLLEGE. 1411—Lower duplex, 5 rms., mod, ht A wa furn: gar.; 335. Ri. 5976. DELAWARE. N., 811—4-rm. apt., good condition, heat and wa. furn., $25. Li. 1800. PALL CREEK BLVD—WeII arranged Troom upper duplex. Ha. 0568-J. MER. at 34th. Kenilworth: 6 sunnv rmC moderate price: Frigldalre. Ta. 5208 NEW 'JERSEY." N. 1438—5 rms, mod.. heat, hot water, refrig; $37. Wa. 2664. REMBRANDT. 1527—4 rms., bath, modern apt., steam ht, wat„ gar., reas, Ta. 1713. 17TH. E.. 517—Attractive. 4 rooms.-Frigid-alre, floors reflnlshed. He. 3107. 34TH. 205 E. —Desirable 4 rms., sleeping porch, in-a-door bed, red. Wa. 4161-W. REDUCED RENT 42 W. Eleventh; nicely decora tad; kitchenette apt.; utilities furnished; 825.50. Call Apt, No. 1, THE ORANT, Indianapolis Rental Agency Complete list apartments all locations. No obligations. Transportation free LI 5452 Evenings Wa. 0433 or Be. 3114. THE PATRICIA—BS2 Prospect; 3 rms.; stoker heat; all utilities. Dr. 2591-M. DOWNTOWN APTS.—B2S " ALAMEDA—St. Clair and HI. Sts. Lights, gas, plenty heat and hot water. DARTMOUTH APTS. Downtown—22l E. Michigan. Save car fare: bedroom dinette and efficiency apts.; S4O to $55; all utilities Included: furnished or unfurnished. IMOGE NE~APTS! UPPER 5-ROOM, HEAT. WATER. GAR. RED. $37 50. TA. 0838 TA. 383 y