Indianapolis Times, Volume 43, Number 218, Indianapolis, Marion County, 20 January 1932 — Page 11

•TAN. 20, 1932_

STOCK SHARES DISPLAY FIRM TRADINGRANGE U. S. Government Bonds Up in Early Deals; Sales Volume Small.

Average Stock Prices

Average of thirty Industrial* for Tuesd.v 81.10 off 38. Average of twenty rails •Vi 20 up 10 Average of twenty utilities 32 79 off 19 Average ol fortv bonds 30.56, Off 13 BY ELMER C. WALZER United Preaa Finanrial F.dltor NEW YORK, Jan. 20—Lethargy In all financial and commodity markets was the order today, and all fluctuations were narrow and leatureless. In stocks there was a preponderance of gains, though none ran more than a point except in the volatile Auburn, which was still under the influence of its record earmngs statement for the year ended Nov. 30. Railroad shares held small gams despite dragging negotiations of the wage conference at Chicago. Car loadings for the latest week were down 140,624 cars from the corresponding week of 1931. Still Holds Gain Steel common hovered around ! 44 up ts point, after having opened at 45L, its high for the' session up to noon. American Can touched 62 and then dipped to 61*4, rallying slightly from the low. Case was carried to 40;*, up 1%, and it held most of the gain. New York Central reached 34, up 1, and then lost half the gain. American Tele-l-.ione held around 119, up % net. Grains and cotton dropped fractionally Foreign government bonds were firm, the German issues aided by the report of a better German balance of trade than the United States. Italian issues dropped sharply in contrast with other sections of the foreign list. U. S. Bonds Firm * The majority of United States government issues showed small gains. Domestic bonds were irregular with several of the rails up fractions to a point. Canadian Pacific 5s of 1954 spurted nearly 2 points to 76%. More interest was manifested in foreign exchange rates. The French franc spurted to 3.9314 cents a franc in the early trading, far above the point where it would be profitable to take gold from the United States. The pound sterling recovered an early loss and around noon was up 7 ; cent at $3.46% per pound. The franc last part of its gain later. The Canadian dollar continued strong, rising to a discount of 13% per cent or a price of 86% cents per Canadian dollar in terms of our money.

Bank Clearings

INDIANAPOLIS STATEMENT —Jan. 20— Clearings ~,..52,140,000.00 Debits 5.357,000 00 TREASURY STATEMENT —Jan. 20 — Net balance for Jan. 18 $263,484,068.85 Expenditures ... 10,442.954.61 Customs rects, month to date 17,497.236.56

New York Curb Market

(By Thomson A McKinnon) —Jan. 20— 11:001 11:00 Alum Cos of Am 57%!Newmont Min .. 12% Am Gas A- Elec 37 iNia Hud Pwr.. 6% Am Sup Pwr... 4 iPenroad s*/ Ass Gas A El.. 4%ISt. Regis Paper. 4 Cities Berv 6 jstd of Ind .... 16% Cons Gas of Bal 63%lstutz 13% Cord 7%|Trans Air Trans 2% Deere A Cos 12% Un Gas 2% Elec Bnd A Sh ll%iUn Lt A Pwr.. 7% Ford of England 5% Un Verde 3% Gulf Oil 29% lUt Pwr (81.... 2% Imp Oil of Can 8 3 |Van Camp 1% Int Pete 10 I United Fndrs .. 2% Midwest Ut ... 6%1

Investment Trust Shares

(By Gibson A Bernard) PRICES ARE TO 12 NOON C. 8. T. —Jan. 20— Bid. Ask. Am Founders Corp com 1 1% Am A Oen Sec A 4% ... Am Inv Tr Shares 2% 2% Basic Industry Shares 2% ... Collateral Tr Shares A 4% 4% Cumulative Trust Shares .... 3% 3% Diversified Tr Shares A .... 7*. ... Fixed Trust Oil Shares 2% ... Fixed Trust Shares A 7 Fundamental Tr Shares A.... 3% 4Vs Fundamental Tr Shares B .... 3% 4% Leaders of Industry A 3% ... Low Priced Shares 3% 3% Nation Wide Securities 3*. 3% Selected American Shares .... 2% 2% Selected Cumulative Shares... 5% 6% Selected Income Shares 3*/ 3% Shawmut Bank Inv Trust.... I 3 Std Am Trust Shares 3% 3% Super Corp of Am Tr Shares 3% 3% Trustee Std Oil A 3% ... Trustee Std Oil B 3% 4 Unified Service Tr Shares A.. 2 2% U S Elec Light A Power A.... 17% 19% Universal Trust Shares 2% s

Net Changes

By United Press NEW YORK. Jan. 19.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: un. off. Allied Chemical 70% % American Can 60% ... % Anier Telephone (unch.)..118% Auburn 141% 2% ... Bethlehem Steel 20* a % ... Case 39% ... >4 Columbia Gas 13-S ... % Consolidated Gaa 61% ... % Du Pont 53% ... % Electric Power in, ... % General Electric 23 ... 1% Oeneral Motors 22% % . . Intcrnat’l Nickel (unch.) 8% Internat’l Telephone (unch.) 9% Loew’s. Inc 28 ... % Montgomerv Ward (unch.) 9% N Y Central 33 % ... North America (unch.).... 34 Paramount 9% ... % Pennsylvania 21% % ... Radio 7% 14 Standard Gaa (unch.) 30% ... Standard Oil. Cal 25 ... % Union Carbide 31 *4 . U. S. Steel (unchanged.... 44 Vanadium 14% % Westinghouse Elec 26% !!! 1% Woolworth

New York Bank Stocks

<B Thomson & McKinnon* —Jan. 19— „ ... ißi <l Ask. Bankers 8!^ Brooklyn Trust 198 305 Central Hanover 144 148 Chaae National 38u Chatham Phoenix Natl Tfk 19* 21*4 City National 48 ** tot! Corn Exchange 83 66 Commercial 7... 143 150 Continental Is‘ a I7tj Empire 35>, 3714 First National 1.450 1.550 Guaranty 374 379 Irving 19’ 20 s * Manhattan Ai Company .... 35 3 4 37 J Manufacturers SO 1 * 32*4 New York Trust 75 78 Public *3 25 NEW TOHK COFFEE RANGE —Jan. 19— Kish. Law. Oioaa. September 6,30 0.19 9.19;

New York Stocks —— 'B Thomson A McKinnon) ■

—Jan. 30— Prey. Railroad*— High. Low. 11:00. close. Atchison $9% B*% Atl Coast Line 33 Balt A 0hi0.... 13 18% IS’* 1844. Cbesa A Ohio.. 29*4 29S 29% 29', Chesa Corn 19 18% Can Pae 14% 14% 14% 14% Chi Ort West 3% Chi N Wert •... 11% 11 C. R I A P 12'a 13*4 Dei L A W 25% Del A Hudson 78% Erie 8% Erie Ist p(d 13% Great Northern 22 Illinois Central 18 16 Lou A Nash ... 26% MK A T Mo Pacific 8',4 9% Mo Pacific olrd.. 19 18% 19 18% N Y Central 34 33 S3 Vi 33 NKkel Plate g NY NH A H... 28*. 27, 27% 28 Nor Pacific 21V4 21% Norfolk A West 127% O A W 7% 7% Pere Maro 8 Pennsylvania .. 21% 31% 21 % 2i% Reading 3g Seaboard Air L % % So Pacific 34V* 33% 33% 33% Southern Ry ... 11% 11% 11 % 11% St Paul 2% 2% St Paul pfd .... 4 3% 3% 4 St L & 8 F 6 Union Pacifle .. 79% 78% 78% 77% Wabash 2% 2% W Maryland • ... 6% West Pacific 3 Equipments— Am Car A Fdy.. 7% 7% 7% 7% Am Locomotive 8% Am Steel Fd 7 Am Air Brake 8h 15 Oen Am Tank 31 Oeneral Elec ... 32% 22% 22% 23 Oen Ry Signal 25Vi Pullman 21% 22 Westingh Ar B 15 15% Westingh Elec ..27V* 27 27 26% Rubbers— Fisk % Goodrich 4% 4% Goodyear 15% Kelly Sprgfld 1% lVi 1% IV4 U S Rubber 4% 4% Motors— Auburn 144% 143 , 143% 141% Chrysler 14V. 14 14% 14V4 General Motors.. 22% 22V4 22% 22% Oraham-Palge 3% 3% Hudson 10% 10% Hupp 4% 4% 4% 4% Mack 14% 14% Marmon 1% Nash 18% 18 18% 18% Packard 4% 4% Peerless 3 1 < Studeaker ... 12 11% White Motor 9 Yellow Truck 4% 4% Motor Access— Bendix Aviation. 17 16% 16% 16% Borg Warner ... in% 10% 10% 10Vs Briggs 9 Buad Wheel 4 Campbell Wy 8% El Auto Lite ... 29% 29% 29% 28% El Storage B 30 Hayes Body 1% Houda 3 Motor Wheel 6% 6 Murray Body .. 6% 6% 6% 6% Sparks W 3% 3% Stewart Warner ss/. Tlmkin Roll ... 20 19% 19% 20 Mining— Am Metals 5% Am Smelt 16% 15% 15% 15% Anaconda Cop... 10% 10% 10% 10% Alaska Jun 16 15% 16 16% Cerro de Pasco .. ... ... 12% Dome Mines ... 37. Frenort Texas 17% is Granby Corn 7 7 Great Nor Ore 12% 12% Int Nickel 8% 8% 8% 8% Isl Crk Coal 18 Kennecott Coo.. 11% 11 11 n% Nev Cons 5% 5% 5% 5% Noranada 14% 13% 13% 14/* Texas Gul Sul 24 23% Oils— Atl Refining 10 9% Barnsdall 4% 5 Houston .. ... ... Mex Sbd 7% 7% 7% 7% Mid Conti 6 7 Ohio Oil 5% 5% Phillips 4% Prarie Pipe 7Vi 7% Pr OH A Gas 5% 5% Pure Oil * 4% Royal Dutch ... 16% 16% 16% 15% Shell Un 3% Sinclair 5% 5% 5% 5% Standard of Cal 25V* 25 Standard of N J 28V* 38% 28% 28% Soc Vac ... 10 10 Texas Cos 12% 12% 12% 12% Union Oil 13 13V* Steels— Am Roil Mills.. 9 8% 9 8% Bethlehem 21 20% 20% 30'% Byers AM.. 14% Colo Fuel 10 Cruc Steel 21 Inland 21% Ludlum 4 % 4V4 McKeesport Tin. 50% 50 50 50 Midland 9 Repub I A 8... 5% 5% 5% 5% U S Bteel 45% 44% 44% 44 Vanadium 14% Youngst SAW 7% ... Tobaccos— Am Sumatra 5 Am Tob A (newl 76 74% 74% ... Am Tob B (new) 77 75% 75% 74% General Cigar .... ... 34 Lit; & Myers <B) 57 55% 56% 54% Lorillard 13% 13% Reynolds T0b.... 38% 38% 38% 38% Std Com Tob 2 Tob Pr (A) 7% 7% Tob Pr (B) 3Vi Utilities— Abitlbl 2% 2% Adams Exp 5Vi 5% Am-For Pwr .... 7% 7% 7% 7% Am Pwr A Li .. 14% 14% 14% 14% AT&T 119% 118% 119 118% Col Gas & El .. 13% 13% 13% 13% Com & Sou .... 4% 4% 4% 4% Cons Gas 61% 61 61*4 61% El Pwr & Li 12% 12 12 11% Gen Gas A 2 2% Inti T & T 9% 9% 9% 9% Lou Gas & El 20% Natl Pwr & Li.. 14 13% 13% 13% No Amer C 0.... 34*4 33% 33% 34 Pac Gas & E 1... 34V* 34% 34% 34*4 Pub Ser N J ... 55 54*4 54*4 54% So Cal Edison 31% 31% 3td G& El 30% 30 30 30*4 United Corp .... 9% 9% 9% 9% Un Gas Imp ... 19% 19% 19% 19% Ut. Pwr ALA 10 10 West Union 42*4 41 Shipping— Am Inti Corp 6V* 6*4 N Y Ship ... . 4% United Fruit ... 24V 23% 23% 24% Foods— Am Sug 27% 27% 27% 27% Armour A 1% 1% i/ 4 1% Beechnut Pkg 43 Cal Pkg 9% Can Dry 11% 12 Childs Cos g% Coca Cola ........ ... . 109 Vi Cont Baking A ... 6% * Corn Prod 44 43% 43% 43 Cudahy Pkg 33 % 33 Gen Foods 34% 34% 34% 34% Grand Union 8% Kroger 14 741? Nat Biscuit .... 42% 42*4 42*4 42Vi Natl Dairy .... .. .. 241/ Bait 13% IS 'is% 13% Pillsbury 21 *i Safeway St. .... .. ’. 4s*' Std Brands 13*4 13 'is 13 _ Drugs— Coty Inc .. . 3^' ? rUf L Il } C „- 53 ’* 52% Lambert Cos 51% 51% Industrials— Am Radiator ... 7% 7% 7*4 7% Gen Asphalt ... .. ... 743. 143? otts Kiev &% 4 Ulen 2 3i Indus Che ms— A} 7 Red 52*4 51% 52*4 52% Allied Chem .... 72 71 71% 70% Com Solv 8% 8% 8% 8% Dupont 54% 53% 54% 53% Union Carb .... 31>i 30*4 30*. 31 USlnd Alco. ... 27*4 26% 26% 26*4 Retail Stores— Assoc Dry Gds 67t S 17% 17 17 17% May D Store 78% ,*3? Mont Ward 9% 9% 9% ”3* P f nnv J c 28% 28 28 28% Schulte Ret St.. .. Sears Roe '35%. 345* Wool worth .... 42 41% 41% v;% Amusements— Eastman Kod .. 83% 83 83% 33 Fox Film A 4% 414 Grigsby Gru 1% 1% Loews Inc 29 28 Param Fam ... 9% 9% 9% 9% Radio Corn ... 7% 7% 7% ■*:. R-K-O 5% 5*2 5% s% Warner Bros 334 33. Miscellaneous— * City Ice A Fu ... 37% Congoleum 914 Proc. A Cam.... 4t 40% 40% *l%

DESTRUCTIVE BANK RIVALRY ASSAILED

State Association Is Told Co-Operation Is Needed for Security. Three aspects of the problems facing banks were discussed at the midwinter meeting of the Indiana Bankers Association today at the ClaypooJ. ‘Directed Farm Credit” was the topic of Dan H. Otis of Madison, Wis., director of the American Bankers Association agricultural commission at the morning session; while Richard M. Plaister of Chicago gave his opinions on a bank’s bond accounts; and W. A. McDoneli of Little Rock, Ark., sounded the view that co-operation is an economic necessity, “In this twentieth century civilization, complete independence is impossible. What is true of nations sand states is true of cities, commmunities and individuals and is especially true of banks,” tho latter declared.

AIIU Chal 12% Am Can 82% 81*4 60% J 1 Case 43% 89% 40% 39% Cont Can 35% 35% Curtiss Wr 1% 1% 1% 1% Gillette 8 R 12% *2% Gold Dust 17% 17% 17% 17 Int Harv 38% 26% 26% 30*4 Int Bus M 104 Real Silk 33% Un Arcft 13% 13% 13% 13

Produce Markets

Eggs 'country runt—Los* off delivered in Indianapolis. 12c; henerv quality No. 1. 14c: No. 2. 9c. Poultry 1 Buying prices 1— Hens weighing 5 lbs. or oyer 15c; under 5 lbs.. 14c: Leghorn hens. 10c: broilers, lull feathered. 3% lbs. and uup. 12c: barbeback. 9c: Leghorn broilers. 10c; spring chickens, ft Its. and up .3c: under t2c: old cocks. 7c: ducks, full feathered. 9c: geese 6c. These prices are for No 1 voo quality Quoted by Kinzan & Cos Butter (wholesale!—No. 1. 26@37c: No. 2 25®26c. Butterfat—23c. Cheese twnolesale selling price per pound I—American loaf, 23%c: pimento loaf 28%c: Wisconsin firsts, 19c: Longhorns. 19c: New York llberger. 30c. By United Press CHICAGO. Jan. 20. Eggs Ma-ket, steady; receipts, 3,718 cases; extra firsts, I6<ui6‘4c; firsts. 15%@15%c; current receipts, 14*8150; seconds, ll@l3c. Butter— Market, steady; receipts, 7,299 tubs; extras, 23c; extra firsts, 22V:*@22%c; firsts, 21%® 22c; seconds, 20%©21c; standards, 22%c. Poultry—Market, steady; receipts, 2 cars; fowls, 17c; Leghorns, 14c; ducks, 18® 21c; geese, 13c; turkeys, 15@20c; roosters, 10c. Cheese—Twins, 11%®12c Young Americas, 12*/4<<712%c. Potatoes—On track, 230; arrivals, 78; shipments. 692; market, slightly weaker; Wisconsin Round Whites, 75®80c; Idaho Russets. $1.50®1.60; Nebraska Triumphs, $1.05®1.10. By United, Press NEW YORK, Jan. 20.—Potatoes—Market, easy- Long Island. [email protected] barrel: Southern. 51.50ri2; crate Idaho. 82.25® 2.50 sack: Bermuda. [email protected] barrel: Maine. 51.50@2 barrel; Canada. *1.40(8 1.60 barrel. Sweet potatoes—Market, auiet; Jersey baskets. 40c@$l: Southern baskets. 404/600; Southern barrels. $1.25. Flour— Market, auiet: spring patents. [email protected]. Pork—Market, firmer; mess. $17.50. Lard —Market, steady; middle west spot. S3.SO® 5.70. Tallow—Market, auiet; special ‘o extra. .02%r\02%c. Dressed poultry—Market, Quiet: turkeys. 21@30c: chickens. 15®33c; fowls. 10i824c; broilers. 154; 23c: capons. 2047 36c: ducks. 10 r u 16c: Long Island ducks, 19c. Liv* poultry—Market, steady: 'reese, 1147 20c: ducks. 11@27c: fowls. 204122 c; turkeys. 204/>32c; roosters. 10c: chickens, 13®22c: broilers. 12@24c: capons. 17@30c. Cheese—Market, ouiet: state whole milk fancy to specials. 12818 c: voung America, 13@13%c. By United Pr ess CINCINNATI. 0.. Jan. 20.—Butter steady, creamery in tub lots according to score. 17@21c: common score discounted, 2 to 3c; packing stock No. 1. 18c; No. 2, 12c: No. 3.8 c: butterfat, 18<820c. Eggs— Steady: cases, included: extra firsts. 16c: firsts. 15c: seconds. 12%c: nearbv ungraded. 15c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 16%c: 4 lbs. and over, 17c: 3 lbs. and over. 16c; Leghorns, 3 lbs. and over. 14c: roosters. 9c: broilers, colored, 1 lb. and over. 17c: 1% lbs. and over, 17c: 2 lbs. and over. 17c: fryers. 3 ibs. and over. 17c: partly feathered. 12c: .Leghorn broilers. 1 lb. and over. 15c: 1% lbs. and over. 15c: 2 lbs. and over. 12c; . *ghorn stags. 10c: colored stags. 13c: black springers. 10c: roasting chickens. 4 lbs. and 17c: ducks under 3 lbs. sell at liberal concessions: ducks, white. 4 lbs. and over. 14c: under 4 lbs.. 11c: colored. 4 lbs. and over. 14c: under 4 lbs., lie: capons. 8 ibs. and over. 25c: under 8 lbs.. 19c: s:tps, 15c; t.urkevs No. 1 hens. 8 lbs. and over, 27 <T\ young Toms No. 1. 10 lbs. and over, 22c. By United Press CLEVELAND. Jan. 20.—Butter—Extras. 27c: standards, 26%c: market, steady. Eggs —Extra firsts. 16@16%c: current receipts, 15%@16c: market, steady. Poultry—Heavy fowls 19c: medium. 18c: Leghorn. 15@16c; smooth springers. 18c: ducks. 20c; turkeys. 25c; geese. 15c: stags, 14c: market, ouiet. Potatoes —Ohio, mostly 50c: few best 55® 60c per bushel: Maine Green Mt.. $1.10(8 1.15: very few $1.20 per 100-lb. sack: Idaho Russet large. $2.10(82.25: meduim to large. $1.95@2 per 100-lb. sark.

In the Cotton Markets

(Bv Thomson A McKinnon) NEW YORK, Jan. 19.—Cables were very good this morning, but New York failed to follow the advance. In a market of no great volume prices drifted down 8 to 9 points. The south was selling and the professionals contributed nothing in the way of support. As far as textile news goes there was the same good tone and a further advance in some lines. The weekly Trade Review said domestic cloth sales are above output with higher prices on many lines. English mills are taking American cotton-mt relatively high rate. Unsold stocks at Liverpool small, continental mill activity about the same. Domestic stock at end of December above 1930. We think the decline this morning is more of a natural reaction than anything else, following recent advances. On the declines we suggest purchases. CHICAGO —Jan. 19.—High. Low. Close. January ... 6.”5 March 6.88 6.82 6 83 Mav 7.00 6.93 \S7 Julv 7.13 7.11 ..13 October 7.35 7.32 7 35 December ... 7.50 NEW YORK January 6.72 6.63 6.65 March 6.80 6.71 6.74 Mav 6.94 6.85 .38 Julv 7.13 7.05 ..05 October 7.34 7.25 7.29 December 7.50 7.42 7.46 NEW ORLEANS January 6.69 6.64 6.64 March ; 6.77 6.69 6.73 May 6.91 6.83 6.88 July 7.08 7.01 7.05 October 7.26 7.21 7 22 December 7.41 7.37 7.40 Chicago Stocks Opening (Bv James T. Hamill A Cos.) —Jan. 20— Bendix Avia 6%|lnsull 6’s ’40... 33% Borg Warner.. 'O% Lib McNeil Drod T Cord Corn 7%'Mo Kan PiDe Ln 1% Comm Edison .. 116*i ! Middie West ... 6% Chgo Sec I%'Swift A Cos .... *B% Grigsbv Grunow 1 % Swift Inti . 27% Insull com 4% Walgreen St’rs..’ 11*4 New York Liberty Bonds —Jan. 19— !}’? 94.15 h 4% s ii: Treasury 4%s i00,31 Treasury 4s 97 Treasury 3%s ’’’ 9120 Treasury 3%s of ’47 ’ 09 27 Treasury 3%s of ’43 (March) 9018

He then reviewed the controversies surrounding branch and group banking as distinguished from unit banking, “Many of the troubles of the banking situation in the immediate past have arisen from too strenuous competitive methods. And the solution is through co-operation,” McDonnell said. Declarng hat introduction of improved farm machinery has revolutionized agricultural practice, Otis pointed out that agriculture is undergoing rapid and important changes and the banker must be aware of these developments. “With less liklihood of increasing land values we must more and more measure the worth of the land by the income that it is able to produce,” Otis declared. By increasing the fertility through fertilizers and legumes, it is possible to make one acre produce as much as three acres that have been allowed to run down. Thus, a farther may have the equivalent of three acres, one cm top of the other, while paying taxes on only one.”

THE INDIANAPOLIS TIMES

PORKERS SHOW WEAK TONE ON LIGHTJIEMAND All Slaughter Class Cattle Dull; Sheep Market Unchanged. The downswing in evidence the last few days in hogs continued this morning at the city yards, porker prices declining 15 to 20 cents on all classes. The bulk, 100 to 325 pounds, sold for $3.80 to $4.25, early top holding at $4.25. Receipts were estimated at 5,500; holdovers were 546. In the cattle market all slaughter classes were dull, especially she stock. The trend was decidedly lower. Receipts were 100. Vealers were steady, selling at $9 down. Calf receipts were 600. The sheep market continued dull and uncertain, with indications pointing to a steady tone. A price of $6.50 was indicated for best westerns. Receipts numbered 2,000. Opening bids on hogs at Chicago were around 10 cents lower than Tuesday’s average. Good to choice 170 to 200-pound averages bid $4 to $4.10; 230-pound weights bid $3.85. Receipts were 37,000, including 7,000 direct. Holdovers were 6,000. Cattle receipts were 10,500; calves, 2,000; steady to 25 cents lower. Sheep, 18,000, steady. HOGS Top Bulk. Early Top. Receipts. | 14. s:s,9o4> 4.25 $4.20 5.000 15. 3.95® 4.30 4.30 4.000 16 4.00(8 4.40 4.40 1.500 18. 4.00(8 4.55 4.55 4.500 19. 4.00(8 4.40 4.40 7,500 20 3.80® 4.25 4.25 5,500 Receipts, 5,500; market, lower. (140-160) Good and choice.. .$4.10 —Light Lights—-(l6o-180) Good and choice..., 4.25 —Light Weights—-(lßo-200) Good and choice.... 4.25 ±2OO-220) Medium and g00d... 4.20 —Medium Weights—-(22o-250) Good and choice.... 4.10(8 4.20 (250-290) Medium and g00d... 3.90® 4.00 —Heavy Weights—-(29o-350) Good and choice ... 3.70@ 3.90 —Packing Sows—-(3so-500) Medium and good.. 3.00@ 3.40 (100-130) Slaughter fcigs 3.85 Receipts. J 00: market, steady. Good and choice $ [email protected] Common and medium 3.25® 6.00 (1,100-1.800) Good and choice [email protected] Common and medium 4.50(8 6.25 —Heifers—Good and choice 5.50(9 8.00 Common and medium 3.00® 5.50 —Cows— Good and choice 3.50@ 4.50 Medium 3.00(@ 3.50 Cull and common 1.50® 3.00 —Bulls (yearlings excluded) — Good and choice beefs 3.00(8 4.50 Cutter, common and medium.. 2.00® 3.00 CALVES AND VEALERS Receipts. 600: market, steady. —Vealers— Good and choice $ 8.50® 9.00 Medium 6.50@ 8.50 Cull and common 4.50® 6.50 —Calves— Good and choice 4.25® 6.50 Common and medium 2.00® 4.25 —Stockers and Feeder Steers— Good and choice 4.25® 6.00 Common and medium 3.00® 4.25 (800-1,500) Good and choice 4.25® 6.00 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts. 2,000; market, steady. Good and choice $ 6.00@ 6.75 Common and medium 3.50® 6.00 Ewes, medium and choice.... 1.50® 2.50 Cull and common 50® 1.50 Other Livestock By United Press' ‘ CHICAGO. Jan. 20.—Hogs—Receipts, 37,000, including 7,000 direct; slow, 10®15c lower; 170-210 lbs.. [email protected]; top, $4.10; 220-250 lbs., $3.75®3.90; 260-300 ibs., [email protected]; 140-160 lbs., $3.65®3.90; pigs, $3(83.25; packing sows, $3.25®3.40; light lights, 140-160 lbs., good and choice, [email protected]; light weight, 160-200 IBs., good and choice. [email protected]; medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights, 250-350 lbs.. good and choice, [email protected]; packing sows, 275-500 ] lbs., medium and good, [email protected]; slaughter pigs, 100-130 lbs., good and I choice, $3®3.60. Cattle—Receipts, 10,500; ! calves, receipts, 2,000; general trade almost at standstill; few early sales weak to 25c I lower on practically all killing classes; I better grade steers and yearlings sharing decline; largely steer run but she stock in very narrow demand; slaughter cattle and vealers: steers 600-900 lbs., good and choice, $6.75@11; 900-1100 lbs., good and choice, $6.75@11; 1100-1300 lbs., good and choice. $6.75® 10.75; 1300-1500 lbs., good and choice. [email protected]; 600-1300 lbs., common and medium, [email protected]; heifers, 550-850 lbs., good and choice, $5.25@7; ; heifers. 550-850 lbs., good and choice, j $5.25@7; common and medium, $3.25® j 5.25; cows, good and choice, [email protected]; | common and medium. $2.75(83.50; low cutI ter and cutter, [email protected]; bulls, yearlings excluded, good and choice beef, [email protected]; cutter to medium, [email protected]; vßalers milk fed, good and choice, [email protected]; medium, s6@7; cull and common, $3.50@6; Stocker and feeder cattle; steers. 500-1050 lbs., good and choice, [email protected]$ common and medium, s3® 1.75. Sheep—Receipts, 18,000; few sales about steady with Tuesday’s close; good and choice lambs. $5.75®6.25 to packers; closely sorted kinds bid $6.35; asking up to $6.65; slaughter sheep and lambs: lambs 90 lbs. clown, good and choice, [email protected]; medium. [email protected]; all weights common, $4®>4.75; ewes 90150 lbs., medium to choice. [email protected]: all weights cull and common. $L50®2.50; feeding lambs, 50-75 lbs., good and choice, $4.75 @3.25. By United Press EAST ST. LOUIS. Jan. 20.—Hogs—Receipts, 12,500; market, very slow; opening, 5® 15c lower; top, $4.15: most 150-220 lbs [email protected]; few 280-300 lbs., [email protected]; sows. [email protected]. Cattle —Receipts, 4,000; calves, receipts, 1.500; market, vealers steady at $8.75; indications lower on virtually all other classes with practically nothing done early; steer supply liberal; few low cutters early [email protected]: bidding. $3.75 down on medium bulls. Sheep—Receipts 2.500: market, packers bidding steady on lambs, or around $5.75®6 for good to choice kinds; mostly asking 25c or more higher. By Times Special <.™°yj S X ILLE - Jan - 20.—Hogs—Receipts, 600; 15c lower; 175-240 lbs., $4.10- 240-300 lbs.. $3.80: 300 lbs., up. $3.20; i? 5 lbs down, 3.70; packing sows, [email protected], $1.95. Cattle—Receipt*, 150; slow nominally steady; bulk slaughter steers and heifers $4.50@6; slaughter cows and bulls, $4 down; stocker and feeder cattle, s3@s. Calves—Receipts, 150, steady with Tuesday’s close: extreme top fancy vealers $8; bulk, [email protected]; throwouts, $5.50 down’ Sheep and Lambs—Receipts, 100. very little here, quotably steady; top lambs. $6; buck lambs, $5; throwouts, $3.50 down; fat ewes. $2.50 down. Tuesday’s shipments: Cattle. 71.; calves, none; bogs, none and sheep none. By United Press CINCINNATI. 0., Jan. 20.—Hogs—Receipts, 4,000, including 1.700 direct held over, 670; slow. 15c to 25c lower, heavy weights off most: better grade 160 to around 220 lbs., $4 35; 225 to 250 lbs., $4 @4.25: 275 to 280 lbs. downward to $3 75heavier weights below; 120 to 150 lbs.. $3.85®4; sows mostly. $3; a few light weights, $3 25. Cattle—Receipts, 850; calves, 250; steers and heifer trade practically at standstill; prevailing bids 25c to 50c lower; a few common and medium grades early steady to weak, [email protected]; cows closing with weaker undertone; early sales beef cows mostly, $3.50@4, low cutters and cutters, [email protected]; bulls mostly $4 down, a few $4.25: vealers steady: good and choice, $8.80(89; lower grades, $8 down. Sheep—Receipts, 500: lambs weak to in spots 25c lower; better grades. $6(86.50; common and medium, $4(85.50; sheep, steady; fat ewes, $2 down. By United Press LAFAYETTE. Jan. 20— Hogs—Market. 15 625 c lower; 160-200 lbs., $4: 200-225 lbs., $3.95; 225-250 lbs., $3.85: 250-275 lbs.. $3.75; 275-300 lbs., $3.65: 300-320 lbs., $3.50; 140160 lbs., $3.75: 100-140 lbs., $3.50; roughs, $2.75 down; top calves, $8; top lambs. $5.50. By United Press FT. WAYNE, Ind., Jan. 20.—Hogs—Market. 20@25c lower; 140-160 lbs., $3.75; 160200 lbs., $4 : 200-225 lbs.. $3.90; 225-250 lbs., $340; 250r275 lbs., $3.70: 275-300 lbs., $3.60; 300-350 lbs., $3.50; roughs. $2.75; stags. $1.50; calves. $8.50; lambs, $5.50. P" United Pre EAST BUFFALO. Jan 20.—Ho* s—On sale. 2.900: market slow, mostly 10c to 20c under Tuesday’s average: 160-210 lbs $-.5S @4.65 to packers: 230-260 lbs.. $4.25©4.4f1: 130 lbs. down. 53.75'fM. Cattle —Recein/s 75; cows steady to weak: cutter nrades. sl.<s@3: few heifers. $5.25: bulk holdovers, unsold. Calves—Receipts. 200: vealers. active, strong to mostly 50y higher: good to choice. $9.50010; common and medium. s6.so®s. Sheep—Receipts. 1.800: iambs draggv. weak to 25c loww, zood to choice. $6 50, and gparinjtlT S.7S: conawn and medium. $5,2565: fat ewea. ss 3.25.

Bright Spots of Business

By United Pres* NEW YORK. Jan 20.—Public Service Corporation of New Jersey today reported net income for 1931 amounted to $45,397,682, against $43,410,344 In 1930. WASHINGTON— Employment in fifteen industrial groups Increased .7 per cent during December, 1931, while pav rolls were up .3 per cent, according t,o (he monthly employment report of the labor department. DETROIT—Graham-Paige Motor Corporation reported ahipment* last week were the largest of any week aince May. 1931. and at tho eloee of the antomobile show there were 349 unfilled order* on hand In the New York area. NEW YORK—Delaware, Lackawanna A Western Railroad has placed orders for 4,000 tons of 130-pound steel rails with the Bethlehem Stel Corporation, it was announced. Webster, Mass.—Print Cloth works of S. Slater & Sons, Inc., have enough orders on hand to keep 500 workers employed for at least five months, it was reported. HARTFORD Conn.—Shoe Hardware Manufacturing Company subsidiary of United State* Rubber Company increased its day force 95 per cent and organized a night force in order to meet mounting production requirements. DETROIT —Lincoln Motor Company reported sales at the New York automobile show were greater than at any other national show in the company’s history, up about 140 per cent over 1931. GREENVILLE, S. C.—The Jackson Textile mills at Iva and the plant at Wellford, S. C., will operate day and night for the jiext few months as a result of heavy orders Just received, it was announced.

The City in Brief

THURSDAY EVENTS Advertising Club luncheon. Columbia Club. American Business Club luncheon. Columbia Club. Real Estate Board luncheon, Washington. Sigma Nu luncheon, Lincoln. Indiana League for the Hard of Hearing. 7 p. m., Stokes building. Caravan Club luncheon. Murat temple. Indiana Grain Dealers convention, Board of Trade. Membership of more than one hundred has been obtained by LJbe newly formed Democratic Club of the Nineteenth precinct, Tenth ward, with William J. Layton, 2005 Southeastern avenue, as president. Annual election of officers of the Indianapolis Traffic Club will be held following a dinner at 6:30 tonight at the Lincoln. Candidates for president are George H. Evans of the Evans Milling Company and Ray C. Stoelting of Eli Lilly & Cos. Weekly meeting of the Indianapolis Real Estate Board will be held at noon Thursday in the Washington, Albert Stump, attorney, will address the Advertising Club of Indianapolis at a noon meeting Thursday in the Columbia Club. His topic will be “The Incoming Tide.” A dinner will precede the regular meeting of Ladies of the G. A. R. at 2 Thursday afternoon at 512 North Illinois street. New officers will be elected by the Indianapolis Traffic Club at the steak dinner Thursday night at th Lincoln. George H. Evans, of tboEvans Milling Company, and Ray C. Stoelting, of Eli Lilly & Cos., are nominees for president. Observance of the birthday an niversary of Robert Burns will be held by the Men’s Brotherhood of the Meridian Heights Presbyte%a?i church at a banquet at 6.30 Wednesday. MORRIS PLAN LOANS SHOW UPWARD TREND Investment Certificates Move in Greater Volume in 1931. Increase in the volume of business of the Indianapolis Morris Plan Company was shown in the report of W. B. Harding, president, at the stockholders’ annual meeting Monday at the company’s oft .ee. During 1931 loans were made to about 6,500 local people in excess of $1,250,000. Increase is shown in the volume of Morris 5 per cent investment certificates. These certificates have prior claim over all other obligations of the company and are issued in denominations of SSO, SIOO, SSOO and SI,OOO. Officers and directors reelected for another year were: W. B. Harding, president: O. B. lies and Fred J. De Grief, vice-presi-dents: Joe Rand Beckett, secretarytreasurer; Paul M. Akin, vice-presi-dent and manager. Other directors are Charles F. Coffin, Arthur M. Hood, Wallace O. Lee, Felix M. McWhirter; Milo H. Stuart, Harold B. West and L. Roy Zaps. Other Livestock By United Press CLEVELAND. Jan. 20.—Hogs—Receipts, 1.700: holdover, none: steady to 15c lower: mostly 10 to 15c down: piss. 25c off: ’SO- - lbs.. $4.50: 240-300 lbs.. [email protected]; over. 300 lbs., $4 down: pigs. $3.75. Cat-tle-Receipts. 300: steer demand narrow; weak to unevenly under Monday; scattered lots. $4.50®5.50: mostly $5.25: 500 still unsold: cows steady to weak: s2® 4.25: sausage bulls. $3.50®4. Calves—Receipts. 500: strong to 50c higher: better grades. $9.50@10; cull to medium. $6.50@9. Sheep—Receipts. 3.700: lambs, steadv to 10c lower: wool skins. [email protected]: wool throwouts. [email protected], By United Press PITTSBURGH, Jan. 20. —Hogs—Receipts. 1.500: market. 10c lower: 160-200 lbs.. $4 40 @4.65 : 240-290 lbs.. [email protected]: 110-130 ibs.. $4 @4.40; packing sows. $3 @3.50. Cattle— Receipts. 10: market, nominal. Calves— Receipts. 100: market, steady: good and choice vealers. $8 <89.50: good and medium. $4.50@7. Sheen—Receipts. 1.000: market, generally steadv good choice lambs. $S@ 6.50: medium grade and mix kind. $4.75® 5.75: common kind. *[email protected]: -ood wethers. $3.75. By United Press TOLEDO. Jan. 20.—Hogs—Receipts. 350: market. 25c lower: heavies. [email protected]: mediums. [email protected]: Yorkers. $3.7564: >iips. *3.75® 4. Cattle—Receipts. 150: market, slow. Calves—Receipts. Itght: market steadv. Sheen—Receipts, light: market, steady.

Local Wagon Wheat

City grain elevators are Daving 47c for No. 2 red wheat and 47c for No. 2 hard wheat. RAW SUGAR PRICES —Jan. 19— High. Low. Close. January 1.26 March 1.07 1.06 1.06 May 1.10 1.10 1.10 July 1.15 1.14 1.14 September 1.20 1.19 1.19 December 1.25

Rough Cure By United Press STUTTGART, Ark., Jan. 20. —After twenty-five days of hiccoughing. Mrs. Edith Cantrell, 33, was taken to a hospital. The trip was made in an automobile. Upon arrival doctors found the hiccoughing had stopped. The cure, they said, was the ride over the rough Arkansas roads.

LOWER GABLES FORGE FUTURE MARKET DOWN Corn Unable to Hold Gains in Face of Selling Pressure. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Jan. 20. Wheat opened unevenly on the Board of Trade today under the divergent I pull of a firmer stock market and lower cables. The market was. slightly weaker on the easiness reported at Liverpool with little response made to stocks or the reduction in Italian domestic wheat requirements in flour* milling. Italy now permits 30 per cent foreign wheat, as against 5 per cent for- j merly. Corn was easy and oats were weak. At the opening wheat was to \ cent lower to % cent higher: corn was % off and oats unchanged to % cent down. Provisions were slow. As expected. Liverpool came lower and by mid-afternoon showed losses of % % peace, or % to % cent down. The action of corn is disappointing. as all bulges run into selling. Advances also result ni increased offerings from the country. Eastern consumers persist in their hand-to-mouth buying and secure most of their grain from Indiana and Ohio. Activity is running small in oats. There Is no distinct feature to the market and the trend is mostly taken from corn. Chicago Grain Range —Jan. 20— WHEAT— Prev. High. Low. 11:00. close. Mar 57% .56% .56% .57% May 59% .59 .59 .59% Julv .58% .58*4 .58% .58% Sept 60 . 59% .59% .60 CORN— Mar .39 .38% .38% .39% May 42% .40% .40% .41% July .42% .42% .42 1 4 42% Sept 43. *4 .43% OATS— Mar 25% May 26% .25% .25% .26*4 JU RYE-‘ 351/2 ' ' 25% May 47% .46% .46% .47% July 47% .47 .47 .47% Sept 48% LARD— Mar 5.40 5.42 May 5.55 5.57 July 5 67 .... Sept 5.82 5.80 5.80 .... By Times Special CHICAGO, Jan. 20.—Cariots—Wheat. 7; corn. 38; oats, 20; rye, 1, and barley. 4. By Times Special CHICAGO. Jan. 19.—Primary receipts: Wheat. 636,000 against 907.000: corn. 387,000 against 734.000; oats. 199.000 against 192,000. Shipments—Wheat. 424.000 against 442.000: corn, 103.000 against 478.000: oats. 80,000 against 243,000. By United Press TOLEDO, Jan. 19.—Close: Elevator prices: Wheat—No. 2 red. 61%@62%c. Corn—No. 2 vellow. 40%<@41%c. Oats—No. 2 white. 29%®30%c. Rye—No. 2. 50c. WheatNo. 2 red. 58%@59c: No. 1 red. lc remium. Corn—No. 2 vellow. 36®36%c: No. 3 vellow. 34@34%c. Oats—No. 2 white. 26%@27%c: No. 3 white. 25@26%c. Clover —Prime. $8.75: February. $8.85: March. $9. Alsike—Cash. $8.75: February. $8.85: March. $9. Butter—Fancy, creamery. "(® 28c. Eggs—Etxars. 16@16%c. Hay—Timothy per cwt.. sl. By United Press CHICAGO. Jan. 19.—Cash grain close: Wheat—No. 2 red. 59%c: No. 3 red. 57%c: No. 3 yellow hard. 58*4c: No. 1 northern. 68!4c. Com—No. 3 mixed. 37%@38c: No. 4 mixed. 37%@37%c. Corn—No. 2 tellow, 39%c: No. 3 vellow. 37%®38%c: Nc. 4 vellow. 37%®37%c: No. 2 white. 40%c. Oats—No. 2- white. 25%®26%c: No. 3 white 25@25%c: No. 4 white. 24%®25*4c. Rve —No. 1. 54%c: No. 4. 43He. Bariev—42® 58c. Timothy—s3.7s®4. Clover—sß(@ls.

Cash Grain

—Jan. 19— / 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 rats were: Wheat—Steadv: No. 1 red. 51@53c: No. 2 red. 50@52c; No 2 hard. 50@52c. Corn—Steadv: No. 3 white. 30®31c: No. 4 white. 29®30c: No. 3 vellow. 28®:29c: No. 4 vellow. 27@28c: No. 3 mixed. 27® 28c: No. 4 mixed. 26@27c. Oats—Steadv: No. 2 white. 22%@23*4c: No. 3 white. 21>,4@22*4c. Hav —Steady: (F. 0.0 b. country points taking 23%c or less rates to Cincinnati or Louisville). No. 1 timothy. $7®7.50: No. 2 timothy, [email protected]. —lnspections Wheat —No. 2 red. 2 cars: No. 3 red, 1 car: Noo. 3 hard. 1 car. Total. 4 cars. Corn—(New); No. 3 vellow. 1 car; No. 4 vellow. 10 cars. Total. 11 cats. Oats —No. 2 white. 1 car: No. 3 white. 1 car: No. 2 mixed. 1 ear. Total. 3 cars. In the Air Weather conditions at 9 a. m.: South wind, 12 miles an hour; temperature, 41: barometric pressure, 30.27 at sea level; ceiling, broken clouds, estimated 6,000 feet; visibility, 12 miles; field, good. a. Blind Flying Success By United Press NEWARK, N. J., Jan. 20.—An unusual test in blind flying in which a pilot in a darkened cabin landed his ship by oral directions from another flier, has been tried successfully here. The landing was made by Robert Reakirt, American Airways pilot, after forty minutes instruction in blind flying. The darkened cabin had only the regular instruments used on all of the air line’s planes. Such training, it was explained, is in anticipation of the day when the air line hopes to keep its schedules regardless of visibility conditions. CITY ANNEXES SCHOOL Mayor Signs Ordinance to Take

Over Township Units, City school officials today were making preparations to assume jurisdiction over Perry township school No. 4, following the signing by Mayor Reginald H. Sullivan of the ordinance annexing the school, passed by city council Monday. The council was asked to annex the school to serve punpils of University Heights, following dispute between the city school board and Trustee Omer Green, over tuition fees for pupils transferred between Perry township and city schools. CHINA ASKS CITY’S AID University Seeks School Papers for Education Work. From the far east today came a plea of educational leaders for cooperation of the Indianapolis school system to aid in spreading knowledge in China. Local officials received a letter from the graduate school of education of the Peiping National Normal university at Peiping, China, asking copies of Indianapolis school publitions. The publications will be used as examples in Chinese educational work, the letter statew.

Zaiser & Zaiser Incorporated Brokers Stockt asd Bonds 129 E. Market Lincoln 1314 Lincoln HIT

Dow-Jones Summary

National Biscuit Company year ended Dec. 31. 1931. net income amounted to $19.(39.491 alter depreciation. federal taxes, etc., equal after 7 per cent preferred dividends to $2.86 a share on 6.286.238 common shares, against $22,879,898. or $3.40 a share on 6,206.787 common shares in 1930: company also declared the regular quarterly dividend of 70 cents on common stock, oavable April 15. of record March 18. Burkeye Pipe Line Company declared the regular quarterly dividend of SI, payable Marrh 15, of record Feb. 19. Marine Midland Corporation operating earnings in 1931 equaled $1.42 a share amounting to *7,889.926: dividends paid during year amounted to *6.450.608 Car loadings in United States in week ended Jan 9. totaled 572.504 cars, an increase of 69.179 over preceding week, but a decrease of 140,624 from like week of 1931. New York cables opened in London at . 3 44. against 3.45%: Paris, checks. 87.312; Amsterdam, 8 535; Italy, 68.375, and Ber- j lin 14.625. Stocks of gasoline held by refineries j in United States gained 747.000 barrels : in week ended Jan. 16 to 89,853.000 barrets! domestic crude oil production averaged 2,193.450 barrels daily, a decrease of 40,150 barrels, according to American Petroleum. Interstate department Stores. Inc., declared the regular quarterly dividend of *1.75 on preferred stock, payable Feb. 1, of record Jan. 28. National Refining Company declared the regular quarterly dividend of 12% cents on common stock, payable Feb. 15, oi record Feb. 1. Sterling Securities Corporation for year ended Dec. 31. 1931. states net assets valued at Dec 31. prices aggregated *ll.988,732 against *21,615.443 at end of December, 1930. • Tampa Electric Company declared a quarterly dividend of M cent* on common stock, payable Feb. 15, of record .lan. 25; heretofore common has rereived 50 cents quarterly in cash and 2 per cent semi-annually in stock. Interborough Rapid Transit reports December net loss amounting to *247.184 against net loss of $293,153 in December, 1930; for six months ended Dec. 31. 1931, net loss amounted to $1,579,434 against net loss of $1,820,092 in like period of preceding fiscal year.

Mr. Fixit Write roar trouble* to Mr. Fixit. He is The Times representative at the city hall and will be rlad to present your case to the proper city officials. Write him in care of The Times signing vour full name and address. Name will not be published.

Cbmplaint of J. R. regarding conditions in the vicinity of the statehouse has been referred to Police Chief Mike Morrissey. Mr. Fixit—Mr. , living at avenue, has in his back yard one bantam rooster which at 4:30 or sooner every morning starts in to crow and keeps this up all day. I am unable to understand why he keeps this nuisance, as he has no other chickens and never has had. The noise the rooster makes through the day is bad enough, but it is the disturbance he makes in the early hours of the morning of which I complain. This has been going on since early fall and I feel, as well as the other neighbors around here, that we do not have to have our ! rest disturbed every morning. As the mornings become light earlier, the rooster begins to crow earlier. Unless you are able to do something, this nuisance is likely to continue indefinitely. Anything you are able to do will be deeply appreciated by the neighbors. A NEIGHBOR. The city legal department advise* there I* no way the city can act in this case, and advises that prohaMy the only solution would be a personal appeal to the rooster’s owner. ■ Mr. Fixit—Please ask the street department to do something about Sangster avenue from Forty-sec-ond to Forty-fourth streets, where it is in bad condition. Just north of Forty-fourth street there is a regular cavein which nearly causes automobiles to upset. c. F. Street Commissioner W. H. Winship has Issned order to remedy this rendition as soon as possible. Marriage Licenses Addis L. Dauber, 29. of 802 North Seventh street. Terre Haute, salesman, and Helen A. Donaldson, 27. Roosevelt hotel, stenozranher. Lyle Hartman Meliza. 22. Farmer City, 111., clerk, and Florence Alvina Stephan. 21. of 2142 Central avenue, student. Ray Woodrow Riddle, 24. of 810 Highland avenue, street railwav operator, and Catherine A. Meyers. 18, of 903 North clast street, cashier. Austin A. Johnson. 27. of 405 West Thirtieth street, clerk, and Jaunita Hunt. 29. of 2627 Roosevelt avenue, saleslady. Wallace A. Sanford. 33. of 1031 South Pershing avenue, painter, and Ruth R?lla Barker. 39. of 1031 South Pershing avenue. John S. Warper, 20, of 2424 Brookside parkway, elevator operator, and Pearl E. Mohr, 20, of 712 East Sixty-third street, clerk. Frank Corey, 26. of 801 North New Jersey street, grocer, and Belinda Moses, 19, of 1023 West Walnut street. Harry Mack, 35, of 1632 West Michigan street, mechanic, and Ora Catherine Troutman, 29, of 1632 West Michigan street, houseworker. Lawrence F Sullivan, 28, of 1013 Chadwick street, foreman, and Margaret C. Langlotz. 25, of 1321 West Twenty-seventh street, houseworker. Luther R. Shrune, 24, of 1439 Deloss street, bottle company employe, add Stella M. Hunt, 20, of 608 Lexington avenue, houseworker. John R. Hutton. 23, of 115 East Walnut street, chauffeur, and Gwendolyn W. Taylor, 20, of 115 East Walnut street. Building Permits Poppas Bros., building, 6117-22 East Washington. $3,400. Russell Byers, alterations. 1555 North Meridian, S4OO. Charles Black, remodel. 1835 West Washington. SSOO. William McWilliams, porch, 5770 North Pennsylvania. S4OO.

Ready —and started With extended fedlitiei in 31 itetet, the Middle Wet Utilities Syttem if reedy to serve increased demends without extensive *dditronl investment. 9 Surveys indicetc thet the smel] end medium-sized communities served by the System heve elreedy swung into recovery, end ere setting the pece in the nation's return to normal business. 9 This interesting held of operations is described in the booklet "The Middle West Utilities System/' lent upon request Tk Preferred mud Cummua ttueks •/ fft AUdWN WutS Otl’ntm Cam—nr mem toted mm to* CM— Stork !**— mmd tended ee tin Hem Turk Car* LtHem * Middle West Utilities Company this boo fc/et 20 North Weclcr Drtv, Chicago, BL upon request

PAGE 11

FRANCE BEGINS TRANSFER OF GOLDHQLDINGS Shipments Have No Effect on U. S. or French Resources. By United Press NEW YORK. Jan. 20 —The Bank of France ha* arranged to transfer $125,000,000 of gold which it holds under earmark in the Federal Reserve bank of New York to its vault in Paris. This gold was earmarked last October, bankers here explained, and the shipment* will not increase the holdings of the Bank of France nor decrease the monetary gold stocks of this country. Shipments will be made in $12.500.000 lots, the first already having been made. The second leaves today and the third will be made Friday. Subsequent deliveries will be made as rapidly as shipping facilities permit. It was said that about $400,000,000 gold is set aside in the Federal Reserve bank under earmark for foreign account. Besides the Bank of France the National Bank of Belgium holds approximately $125.000,000. The rest is owned by other central banks, including the Central Bank of Switzerland and the Bank of the Netherlands. None of this gold is included In the $4,457,000,000 of monetary gold stocks of the United States. The foreign central banks for whose account the earmarked gold has been set aside regard the metal as though it were lodged in their own vaults and include it In their statements of gold reserves. SCHOOL BOARD SUES Commissioners Seek Preferred Creditors on Building Project. Indianapolis school board members today filed suit in superior court five, seeking naming of preferred creditors for $27,359, still due for construction of School 69 at Thirty-fifth street and Keystone avenue. J. C. Karstedt Construction Company went into receivership during erection of the structure, and C. C. Shipp, heating and ventilating company owner, was named receiver. Before failure of the construction company the school board had paid $86,439 on the building’s work. The building was completed Dec. 8. 1931. Births Bnvs William and Eva Plake. 2314 West Rav. John and Ltllv Hahn. 1922 West Minnesota. Noble and Ruth Boots. Coleman hospital. Charles and Edna Cowan. Coleman hosnital. Charles and Mavbelle Kettner, Coleman hospital. Burton and Virginia Leach. Coleman "ospital. Arthur and Clara Lockwood, Coleman hospital. Robrt and William McCreary. Coleman hospital. Omer and Esther Nelson, Coleman Hospital. Robert and Doretta Seifer. Coleman Hospital. Howard and Kathryn McCarty. 1716 East Tabor. Elwood and Helen Dunlavv. Methodist hospital. William and Marie Stuteman. Methoaist hospital. Girls Chester and Ruth Guliev. 1123 Tacoma. James and Helen Trezise, Coleman hospital. Hrbert and Della Stewart. Methodist hospital. Ravmond and Margaret Bach. Methodist hosoital. Deaths Anna Able, 60, 329 Sahm, broncho pneumonia. Harley Rathborne Nation, 59. Methodist hospital, cerebro spina lmeningitis. David Donald Durham, 11 day*, city hospital. Intracerebral hemorrhage. Thomas Allen Burton, 48, 1309 Fa" Fifteenth, pullmanary tuberculosis. Anthony B. Wernsing, 49, 1717 Union cerebro apoplexy. John Senior, 60, city hosiptal, cai cinoma. Cora Wise, 66, St. Vincent's hospital myocarditis Mathilde Feifcleman, 78, 3264 Ruckle broncho pneumonia Mary E Batchelor. 57. 2023 North Illinois, Vincent’s angina William Thomas Lynn, 62, 922 North Belmont, coronar thrombosis. William Lewis Williamson, 79, 909 North Sheffield, chronic nephritis. Hannah E. Burdett. 57, 2825 Burton, chronic valvular heart disease. Irene Miller, 70. city hoeiptal, Influenza. Lucille Willouby, 39, 1334 Hiatt, septicaemia. John Coffvn. 80. 112 North Chester, chronic myocarditis. Fred F. Summers, 56, 970 Moreland, sarcoma. Annie M. Cory, 64, 3623 North Keystone, acute myocarditis. Willie' Foster Bell. 25. 2528 Columbia pulmonary tuberculosis. Jessie Parrott, 61. 2028 Columbia, chronic myocarditis. Mayme Mae Cowin, 38. 2006 South Meridian, acute myocarditis. Dora Alice Scoemaker, 62. 2355 Adams paralysis. Thomas Walter Mebold, 4, 1468 Lin wood myocarditis. Sidney Johnson, 72. 2022 Boulevard Place, acute myocarditis. Dorothy Cockrell, 1, city hospital, broncho pneufnonla. Virginia Murry, 41, city hospital, general septicaemia.

Specialists t Unlisted Securities Edw. W. Zaiser Securities Corporation 414 Continental Bank BM| Rllry 4041