Indianapolis Times, Volume 43, Number 233, Indianapolis, Marion County, 6 February 1932 — Page 11

FEB. 6, 1932_

STOCK ISSUES ' DRIFT OFF IN DULL SESSION Steel Shares Sell Off on Downturn Reported in Industry.

Average Stock Prices

Averaao of thirty Industrials for Thuraav 77.68. off .60, Average of twenty rails 2? 65. off .68. Average of twenty utilities 31-32. oil .17. Average of forty bonds 79.00. Oft .08. BV ELMER C. WALZER United Press Financial Editor NEW YORK, Feb. s.—The stock market continued to decline today, with volume rising. Losses ranged from 1 to 3 points. Steel cQmmon touched anew low on tne movement at 38%, off 2, and “within 3'a points of its bear market low. Auburn at one time was down to 116!*!, off 8 points. Peo- * pies Gas dropped nearly 7 points and International Business Machines 4% points. 1 Selling was noted in railroad shares, where declines of 1 to more than 3 points were registered in such issues as New York Central, Union Pacific, Southern Pacific, Chesapeake & Ohio, Pennsylvania and Atchison. Steel Under Pressure Pressure against United States Steel and other steel shares was a belated recognition of the downturn in the steel industry. Another force making for caution on the part of buyers was the far eastern situation which was considered a highly uncertain factor. The federal reserve statement showed no change toward an easy money policy and the raise of $42,000,000 in circulation was considered higher than month-end requirements necessitated. The street was heartened some by expectations the Reconstruction Finance Corporation would soon swing into action. Efforts to stop hoarding also wore considered timely. Weekly trade reviews were mildly favorable. According to Dun’s Review, “business during the last week Bias maintained an even balance, as > compared with the sales for the month of January. Retail Trade Active Retail trade, especially in the larger centers, is more active than ordinarily at this period of the year and renewed buying in many lines row seems to be assured. Some of the unfavorable phases which have '' existed for some time slowly are being overcome, and the outlook reveals an increase of reassuring features. According to preliminary calculations the Dow, Jones & Cos. industrial average stood at 75.00, off 2.66 point; railroad average at 34.30, of 2.35 points, and the utility average at 35.55, off .77 point. Sales totaled T. 100,000 shares, compared with 700,000 shares on Thursday.

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 5 Clearings *1.921.000.00 Debits 4.319.000.00 TREASURY STATEMENT —Feb. 5 Net balance for Feb. 3 $636,035.i21.25 Expenditures 11.327.941.46 Customs rects. mo. to date.. 2.491,550.56

Net Changes

By United Press NEW YORK, Feb. 5 Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow : Off. Allied Chemical 66 2 American Can 58% 1% * American Smelt in*? 14 % % American Telephone 111% 2 Auburn B' 2 Bethlehem Steel 16% % Case 31% 2'* Chrysler 12% % Consolidated Gas ex-dividend .. 57 1 3 < Du Pont 49 I’4 Electric Power 11 3 s Conoral Electric. 18-* General Motors it :< International Nickel 7*4 ,* Kennecott 10 3 s ** Mont-'omerv Ward 7,'a * N Y Central 26’ R 2 North American 31 s s D* Paramount Pennsylvania 20 r n Radio IS '? Sears Roebuck 30, Standard Gas ?>’* Stand Oil N J ?6 3 > Texas Corn \\ ,7* Union Carbide 28 4 1-2 trntted Aircraft - A IT S Steel 88 3 i 2 AVestinghousc El 24 is Wool worth 40 7 i Its

Investment Trust Shares

FRICI'B are TO 12 NOON C. S. T. —Feb. 5 Bid. Ask. Am Founders Covp com ’• 1 Am A- Gen Sec A- - Xnv *it Shares 2 Basic Industry Shares ....... - * ... Collateral Trustee Shares A... 2-. 4}a Cumulative Tr Shares 3’. 3 3 , . DiversifleJ Tr Shares A.... 6-. ... * Fixed Tr Oil Shares 41*... Fixed Tr Shares A ... FundamoatjU Tr Shares &■■■• 3 T S Fundamental Tr Shares 8.... 3’j 4 headers of Industry A 3; ... Low Priced Shares 3’i 3*t Nation Wide Securities 3J* 3' 2 North American Tr Shares.. 2> ... Selected American Shares .... 2’. 2 s * Selected Cumulative Shares.... s* 6' Seleeted Income Shares 33' 2 Shawmut Bank Inv Tr .... 1 3 Std r Am Trust Shares 3' 3' 2 Super Corp of Am Tr Shares 3'. 3’ 2 , Trustee Std OH A 3' ... Trustee Std Oil B 3 3 3 a Unified Service Tr Shares A.. 2 1 * 2*4 U S Elec Light A Pwr A 17'j 19'a Universal Trust Shares 2 :, 3

New York Bank Stocks

ißv Thomson A- McKinnon) —Feb, 5 Bid. Ask Bankers 58% 60% Brooklvn Trust 195 205 Central Hanover Chase National 34% 35% Chatham Phoenix Natl 19% 21% Chemical 31 %- 33’ i Cltv National 45% 47% Corn Exchange 61 64 Commercial 143 151 continental 14% 16% Empire 23% 25% First National 1.510 1.610 Ou°r*ntV 265 270 Irvine 18% 19% Vnrhatten & Cos 34 26 Manufacturers 29% 31% New York Trust 74 "7 Public 22% 24 Vi

New York Curb Market

(Bv Thomson A McKinnon) —Feb. 5 , Close, i Close Alum Cos of Am 48 l , Imp Oil of Can. B*4 Am Cvacamtd.. 3 Int Pet 91, Am Gas A El.. 32*4 Midwest Util ... 41Am Sup Pwr... 3'.- Mo Kan Pipe... l'J 1 Ark Gas A ... 2 ! Mt Prod 2*. Asso Gas A El. 4VNat Inves 31, Bra* Pwr A Lt. 101, Nat Aviation ... 3 Cent Sts Elec.. IVNewmont Min.. 1114 Cities Service . AN Nat Bond A Sh. 20 Con Gas of Bal Hud Pwr... 6's Com Edison . 110> Penroad 31; Cord sV'Bt Reels Paper. 3 s * peer A C 0.... 8S Salt Creek 3 5 4 Elec Bond ASh 10 3 Sel Indus 1 < Gen Aviation.. 3‘ Std of Ind .... 15 Ford of Can... im Stut* 1214 Ford of Eng... s*.* Un Gas A .... 2 • Goldman Sacha 2Vi Un Lt A Pwr.. 6*4 Great A A P. .1444* hn Verde ...... 314 Gulf Oil JIH On Pwr 3^ Hudson Bay ... 21* Van Camp 114 tnsull Ut 21!Un Fndrs 1%

New York Stocks 1 <Bv Thomson Ac McKinnon*

By United Press NEW YORK, Feb. s.—Sales on the New York Stock Exchange today totaled 1.100.000 shares. Curb stock sales totaled 180,000 shares. —Feb. 15— Railroad*— Prev. High. Low. Close. close. Atchison 81'* 77% 77V. 80% Atl Coast Line.. 32 29 29 Balt & Ohio ... 17 1 a 16% 16% 17% Chesa fi Ohio.. 25% 23% 23% 25% Chesa Corp 15% 14% 14% 16 Can Pac 14% 14% 14% 14% Chi Ort. West 3% ... Chi N West 9% 8% 8% 9% C R X k P 12% 10% 10% 13% Del L & W .... 20% 18% 18% 2f% Del & Hudson 75 70% 71% 77 Erie 7% 7% 7% 7% Great Northern. 19 18 18 20% Illinois Central 14 7 /. 13 13 14% Kan City 50.... .. ... 10% 11% Lou & Nash /. 24 21 21 25 M K <fc T ...t.. 6% fi 6% Mo Pacific 9 8 8 9 Mo Pacific pfd. 20% 18% 18% 21 N Y Central ... 28% 28% 26% 28% Nickel Plate 6 NY NH A: H ... 26 24% 24% 26% Nor Pacific 20 18 18% 19% Norfolk & West. 124 120% 121 124% O W 7 s , 7 7% 7% Pere Marq 8% 8 8 8% Pennsylvania ... 20% 19% 20 20% Reading 33 30 30% 34 Seaboard Air L. .. ... % % So Pacific 31% 29% 29% 31% Southern Rv 10% 9% 9% 10% St Paul ... 2% 2% 2% 2% St Paul Pfd.... 4% 4 4 4% St l 4 S P 4% 4% 4% 4% Union Pacific ... 73% 70% 71 73% Wabash .. .. 33% W Maryland 6% 6 6 Equipment*— Am Car & Fdv 7% ... Am Locomotive.. .. ... ... 7% Am Steel Fd 6% 6% 6% J Am Air Brake 8h 13 12% 12% 13 Gen Am Tank... 30% 30 30 ... General Elec ... 19% 18% 18% 19% Gen Rv Signal.. 23% 23 23 24 Lima Loco ..... .. ... 14% ... N Y Air Brake 8% ... Poor & Cos ... 3% ... Press Stl Car... 1% 1% 1% ... Pullman 21% 19% 19% 21% Westlneh Ar 8.. 14% 14% 14% 14% Wcstlneh Elec.. 25% 24 24 2d% Rubbers— Firestone 12% 12% 12% ... Fisk % % % % Goodrich 4 3% 3% 4 Goodyear 14’ 14% 14* la Kelly Snrefld 1% 1% Lee Rubber ... ..... 2 U S Rubber 4% 3% 3% 4% Motors — ... Auburn 123% 116 116 124% Chrysler 12V, 12% 12% 13 General Motors.. 21% 20% 21 21 % Graham-Paige... 3% 33% 3% Hudson 8% 8% 8% ... Sfi?E "•".V.VjU 4" 5„ >S it • ,*■* Packard 4% 4 4 4% Reo 32% 2% 3 Studebaker 11% 11 11 11% Yellow Truck... 3% 3% 3% 3% Motor Access— Bendix Aviation lfi% 15% 15% 16% Borg Warner... 10% 10% 10% 10% Briggs 8% 8% 8% 8% Budd Wheel 3% ... Eaton 6 5% 5% 6 El Auto Lite 27% 26% 26% 27% El Storage B 31 30% Hayes Body 1% Honda 2% Motor Wheel 5% ... Murray Body 6% 6% Sparks W 2% ••• Stewart Warner .. ... . • 5% Timken Roll .... 19 18% 18% 19% Mining— .. .... Am Smelt 15% 14'* 14% 15% Am Zinc .... 2* Anaconda Cop.. 9% 9©< 9% 9% Alaska Jun 15% 14% 14% 15% Cal & Hecla ... 3% 3% Cerro de Pasco.. 12% 12 12 12% Dome Mines 8% ... Freeport Texas.. 17% 16% 16% 17% Granby Corp ... .. ... 6% 6% Great'Nor Ore.. 12% 12% 12% ... Howe Sound 12 Int Nickel 7% 7% 7% 7% Inspiration ... 3% 3% Kennecott Cop.. 10% 10% 10% 10% Magma Cop ... .. ■ 7% Miami Copper 3% 3% Nev Cons 5% 5 5 5% Noranda 14% 13% 13% 14 Texas Gul Sul .. 23% 23 23 23% U S Smelt 16 15% 16 16 Oils— Atl Refining .... 9% 9 9 9% Barnsdail 4% 4% 4-% 4 % Houston ... ... 3% Mex Sbd 7% 7 7 7'% Mid Conti 5% 5% 5Vi 5% Ohio Oil 5% 5% 5% 5% Pan-Amer B .... 17% 17 17Va ... Phillips 4% 4% Prairie Pipe 7 7 Pr Oil & Gas 5 Pure Oil 4% 4% Royal Dutch ... 17% 17% 17% 17% Shell Un 3% 3% Simms Pt ... 4% ... Sinclair .. 5% 5% 5% 5% Skclly 2% ... Stand of Cal... 23%' 22% 22% 23'4 Stand of N J.. 27Vi 26% 26% 27% Soc Vac 9 8% 9 9 Texas Cos 11% 11'/a 11% 11% Union Oil 11% 11% Steels— Am Roll Mills 8% 9 Bethlehem 17% 16% 16% 17 Vi Byers A M 12 % 11% 12 Cruc Steel 16% Inland 21 Ludlum 4% 4% McKeesport Tin 47% 47 47 48 Repub I & S ... 5% 5 5 5% U S Steel 40% 38% 38% 40% Vanadium 13% 12% 13 13% Youngst S Ar W .. 7% Youngst S As T .. 14 Tobaccos— Am Tob A New. 76 74% 74% 76% Am Tob B New 77Vi 75% 76Vi 78 General Cigar.. 35 34% 34Vi ... Lie & Myers B. .fie 1 * 54% 54 Vi 56 V* Lcrillard 13% 13% 13% 13% Reynolds Tob .. 38% 56% 36% 38 Tob Pr A 8% 8% 8% 8% Tob Pr B 4Va 4% United Oig 1% 1% Utilities— Abitibi , .... 2% Adams Exp 4% 4% 4% 4% Am For Pwr ... 6% 6% 6% 7 Am Pwr & Li... 13% 13% 13% 14 AT&T 113% 111% 111% 113% Col Gas & E 1... 12% 12% 12% 12% Com & Sou 4Vi 4 4 4Vi Cons Gas 58% 57 57 59% El Pwr &Li 11% 11% 11% 12 Gen Gas A 2 1% 2 2V Inti T & T 9Vi 8% 8% 9!4 Lou Gas &El 20% 21 Natl Pwr & Li.. 13% 12% 12% 13% No Amer Cos 32% 31% 31% 32% Prc Gas & E 1... 33% 33 33% 33% Pub Ser N J 52% 50% 51 52 So Cal Edison ... 31 Std G & El 27%. 27% 27% 28 United Corp .... 8% 8% 8% 8% Un Gas Imp ... 18% 18% 18% 18% Ut Pwr & L A.. 8% BVi 8% 8% West Union 36!. 35% 35% 36% Shipping— Am Inti Corp ... 5% 5!, 5% 5% N Y Ship 5% 5 5 5’4 United Fruit ... 20% 20% 20% 21

Indianapolis Livestock Review

For W’eck Endiwl?' Thursday. Feb. 4. By U. S. Dept, of Agriculture. —Cattle— The week's cattle trade has provrn the assertion that the live and dressed markets are in no condition to absorb increased supplies. Last week a slight improvement in the general price level was attributed largely to smaller marketing through terminal centers. Conditions were reversed this week. Supplies were increased moderately and prices moved downward, indicating that the market as a whole is very sensitive and not vet on a firm foundation. Beef steers lost 25 to 50 cents with the average loss probably not much more than 25 cents. Heifers took a similar downturn and cows lost a Quarter and in spots more. Low cutters and cutters ruled weak to 25 cents lower, closing at the full downturn. Finished steers to sell upward from $8 were out of the local picture this week and quotations on such kinds are based largely on prevailing prices at other major markets. Some reporters are being criticised for undue attention to the very small percentage of receipts approaching top kinds. Bulk sales for the week were recorded at $4 25 to $6.85. with a load of lightweights at $7.10 and a load of 1.250-pound bullocks at $7.60. Common killers sold down to $3. Heifers cleared generally from $3.25 to 50.50 with a small number from $5.65 to ■ $6 50. Fat cows bulked nt $2.75 to 3.50, earlv top $4. At the close not many were good enough to realise more than $3.50. Low cutters and cutters started the week around steady, but closed with a 25-cent loss, bulk $1.50 to $3 50. Vealers lost the 50 cents advance recorded last Thursday, and for the most of the period good and choice descriptions cashed at $8.50 to $9. with lower grades selling downward from SB, usually $4.50 to *7.50. Hogs While marketings around the circuit expanded to a noticeable extent prices moved within a narrow range, terminating in a net gain of 10 to 15 cents over last Thursday's prices. It seems that most operators are willing to “Play Ball” as long as prices remain around $4.25 and slißhtly below. Any advance encounters resistance and only light supplies are expected to advance the rrice level. Considering all weights from 160 to 325 pounds he week’s trade has been conducted within a range of $3.75 to $4.40. Shipping orders were limited and by some attr'buted to a relatively high position of the local market. Packers, therefore, absorbed most of the week's supply. Bulk prices Thursday follow: 160 to 225 pounds $4.35 to *4.40; 225 to 250 pounds $4.20 to *4 25; 250 to 300 pounds $4.05 to *4.15; 300 up *3.75 to *3.95; 145 to 160 pounds $4 to *4.20; 100 to 140 pounds *3.50 to *3.75; packing sows *3 to $3.50. —Sheep— Fed western lambs continued to comprise the bulk of marketable offerings and the movement apparently has been held w’lthin reasonable trade requirement* Most . choice offerings cashed from *6.35 to *6.75. reflecting an approximate cam of 25 cents over last weeks bulk prices. Sorting continues to be a factor in nrice determination, and with some offerings sunning a little weighty the 25 cent upturn mav not cover all the actual advance. Native lambs sold up to r *6.50 and a small lot or two reached *6.75. Cttsorted lots sold from *5.25 to *6. according to weight and quality and ihrowou'.s ranged downward to *4 and less.

Fond^— Am Sug ... 24% ... Armour A 1% 1% 1% 1% Cal Pkg io% 10% Can Dry 11% 10% 10% ... Coca Cot* 106% 105 105% 108% Cont Baking A... 5% 5% 5% 5% Corn Prod 41% 40% 40% 42% Crm Wheat 21 % Cudahy Pkg 32 31 Gen Foods .... 33% .32% 32% 33% Hershev 755. Jewel Tea 33 Kroger 14 13% 13% 14 Nat Biscuit 40 39% 39% 40% Natl Dairy 24 23% 23% 24% Purity Bak .... 13 12% 13 13% Pillsbury .. ... . 21% Safeway St 46% 44 44 45% Std Brands 12Va 12 12% 17% Drtirs— Coty fnc 3% 3>4 Drug Inc 51% 50% 51% 52% Lambert Cos 49% 49% 49% 49% Lehn & Fink.. .. 21 Industrials— Am Radiator.... 6% 6% 6% 6% Bush Term ... 17% Certainteed 2% ... Gen Asphalt.... 13% 13% 13V* ... Lehigh Port 6% Otis Elev 17% 16% 17% 17% Ulen 2 Indus Chems— Air Red 49 48 48 50 Allied Chem.... 67% 65% 66 68 Com Solv 7% 7% 7% 8 Dupont 50% 48% 49 50 V* Union Carb .... 29% 28V* 28% 29% U S Ind A1c0.... 23% 22% 22V* ... Retail Stores— Assoc Dry Gds 6% 6% Gimbel Bros 2 2 Kresge S S 16% 16 16% 16% May D Store 17 17 Mont Ward .... 8% 7% 7% B*4 Penny J C 28 % 27 Vi 27% 28% Schulte Ret St 33% Sears Roe 31% 30% 30% 31% Wool worth 42 40% 40V* 42 Amusements— Crosley Radio 3% Eastman Kod .. 81 78% 78Vi 81 Fox Film A ... 3% 3Vi 3Vi 3% Grigsby Gru 1% 1% Loews Inc 27 26% 26 V* 27% Param Fam ... 8% 8 8 8% Radio Corp .... 7% 7% 7% 8 R-K-O ... 5% 5% Warner 8r05... 3% 33 3 Miscellaneous— Congoleum 8% Proc & Gam... 39% 39 39 39% Allis Chal 12 11% 12 ... Am Can 60 58% 68% 60 J I Case 34% 31% 31% 34% Cont Can 35 33% 33% 35 Curtiss Wr 2 1% 2 2 Gillette SR... 12% 12 12% 12% Gold Dust 16% 16% 16% 16V* Int Harv 23% 22% 23% 24 Int Bus M 100 96 96 100% Real Silk ... 3% 3% Un Arcft 14% 13% 13% 14%

EMPLOYES TO SHAREJN FUND General Motors to Pay Out Over $7,000,000. By United Press NEW YORK, Feb. 5.-A total of $7,862,459 will be distributed by General Motors Corporation to 30,222 employes who joined a savings and investment fund class of the corporation in 1926, Alfred P. Sloan Jr., president of the company, announced today. The distribution, shared by 50 per cent more employes than in 1931, will consist of $4,923,341 in cash and 129,905 shares of General Motors common stock. Since the inception of the savings and investment class thirteen years ago, Sloan announced, employes of the corporation have received $56,189,195, including 1,597,844 shares of common stock. Approximately 106,000 employes are now participating in the savings class.

Chicago Stocks (Bt James T. Hamlll & Cos.)”

TOTAL SALES, 90,000 SHARES —Feb. 5 . i . , High. Low'. Last. Allied Products 5 Assoc Telephone Util.. 9% 8% 8% Bendix Aviation 16% 15% 16 Binks Mfg 3Vi 3% 3% Borg Warner 10% 10% 10% Brown Fence & Wire A 7% E L Bruce Cos 11 ... Butler Bros 2% 2 ”2 Cent 111 Securities pfd 13 Cent Pub Serv Class A 2 Cent A- So West 5 4% 5 Cities Service 5% 5% 5% Commonwealth Edison.ll4 109% llOVi Cctninental Chicago ... 1% 1% 1% Continental Chicago pfd 19 18% 18% Cord Corp 6% 5% 5% Corp Securities 1 v? 1 Great Lakes Aircraft. 1% 1% 1% Gribsbv-Grunow 1% . Houd-Hershev A 8% ’B% “8% Insull Util Invest 2% 1% 2% Ins Util Inv pfd 2d sr... 4% 2% 3 lU6s of 1940 23% 20% 20% Kellogg Sw'itch com ... 3 2Vi 2--> Libby-McNeil 4% 4 4% Marshall Field 8% 8% B’Middle West Util 4% 4% 4% Mid West Util 6 % pfd A3B 33% 33'% Midland United 5 4% 5 Miss-Kan Pipe Lme ... 1% 1% 1% Nat Electric Power A.. 10 9 10 Nat-Standard .:: 19% Noblitt-Sparks Ind Inc 12 No American Car 4% No Am Li & Power.... 15% 15 15 Parker Pen 5 Pub Service N P 115V 2 110% 112 O R S DeVrv Cos % Quaker Oats 85 80 80 Ryerson & Son 9% ... ... Seaboard Util Shares... 1% ... Swift &Cos 18V* 18Vs 18% Swift International .... 20 United Gas Corp 2 U S Gypsum com 21 20% 20% U S Radio & Tel 10% 10 10 Utility & Ind 2V? 2% 2% Utility & Ind pfd 9% Walgreen Cos com 10% 10 10% Zenith Radio %

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, Feb. s.—While It was a bit disappointing to have the market’s recent narrow range broken on the downside, it is doubtful if the decline had any signifiacnce. There was an increase of pressure, but not especially noteworthy. The selling appeared to be largely professional. Outside demand was not broad enough to absorb it without some recession in prices. The weakness of the rails was rather prominent and contributed to the heavy tone elsewhere. No satisfactory explanation was advanced for the pressure on the rail shares. Some comment and surprise was noted over the fact that the Pennsylvania railroad was looking to the Reconstruction Finance Corporation for credit to carry on its improvement program. This news, coupled with the intimation earlier in the week that the New York Central would apply for a federal loan, served to emphasize the condition of railroad credit. On the other hand, there is much to be said for the willingness of the Pennsylvania railroad to continue its construction work providing employment during a discouraging time. Another factor which the market viewed unfavorably was the continued currency withdrawals. It had been hoped that the hoarding tendency by this time would be checked. However, the influence of the reconstruction finance corporation has hardly had time to be reflected in such practical results. The next few days, we believe, will see some real demonstration of that organization’s stimulating capacity. We pin considerable of our hope for renewed confidence and business improvement upon our faith in the practicability of reconstruction program. A banquet in honor of Postmaster Leslie D. Clancy will be held by employes of the Indianapolis postofflee at 6:30 Saturday night at the Lincoln.

THE INDIANAPOLIS TIMES

SWINE ADD TO RECENT GAINS IN FIRM TRADE Lambs Up 25 Cents or More; Cattle, Calves Move Slowly. Continuing the upswing in evidence at the city yards Thursday, hogs advance 5 to 15 cents this morning. The bulk, 120 to 350 pounds, sold for $3.85 to $4.55; early top holding at $4.55. Recepits were estimated at 3.000; holdovers were 77. Cattle trade was slow and abput steady with the previous day’s range. Receipts were 200. Vealers showed no change, selling for $9 down. Calf receipts numbered 300. In the sheep market lambs were up 25 cents or more, early sales largely at $6.75 to $7. Some were held considerably higher. Receipts were 1,500. Hogs opened at Chicago fairly active with best lightweights around 10 cents higher than Thursday’s average. Early sales and bids on 170 to 210-pound weights, $4.20 to $4.30. Receipts were 25,000, including 8,000 direct. Holdovers were 4,000. Cattle receipts were 2,000; calves, 500; market, strong. Sheep receipts 12,000, strong. HOGS Top. Bu!lc - Early Top. Receipts. 30_ b $3.75@> 4.25 54.40 1.500 1. 3.75® 4.40 4.40 3.000 2. 3.75® 4.40 4,40 4.000 3. 3.Bo<i h 4.30 4.30 3 500 4. 3.95® 4.40 4.40 2.000 5. 3.85@ 4.55 4,55 3.000 Receipts, 3,000; market, higher. (140-160) Good and choice $ 4.10® 4.25 . —Light Lights—-(l6o-180) Good and choice..., 4.53 .... —Light Weights—-(lßo-200) Good and choice 4.55 (200-220) Medium and g00d... 4.50 —Medium Weights—-(2oo-250) Good and choice... 4.30® 4.50 (250-2901 Medium and good 4.10® 4.20 —Heavy Weights—-(29o-350) Good and choice 3.90® 4.10 —Packing Sows—--1350-500) Medium and g00d... 3.00® 3.50 ,(100-130) Slaughter nigs 3.FO® 3.85 CATTLE Receipts. 200; market, steady. Good and choice $6.00®10.00 Common and medium 3.25® 6.00 (1,100-1,800) Good and choice 6.25®10.00 Common and medium 4.50® 6.25 —Heifers—- „ . . (500-850) Good and choice 5.25® 7.50 Common and medium 3.00® 5.25 —Cows— Good and choice 3.25® 4.50 Medium 2.75® 3.25 Cull and common . 1.50® 2.75 —Bulls (yearlings excluded) — Good and choice beefs 3.00® 4.25 Cutter, common and medium.. 2.00® 3.00 CALVES AND VEALERS Receipts, 300: 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 4.00® 6.50 Common and medium 2.50® 4.00 —Stockers and Feeder Steers— Good and choice 4.25® 6 00 Common and medium 3.00® 4.25 „ . „ t . (600-1.500) Good and choice 4.25® 6.00 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1,500; market, higher. Good and choice $6.50® 7 25 Common and medium 4.00® 6.50 Ewes, medium and choice .... 1.75® 3.00 Cull and common 50® 1.75 Other Livestock By United Press CHICAGO. Feb. s.—Hogs—Receipts, 25,000. Including 10,000 direct: active, 10c higher; 170-210 lbs., [email protected]; top, 54.30; 220-250 lbs., [email protected]; 260-310 lbs., $3.75 ®3.90; 140-160 lbs . [email protected]; pigs, $3.25® 3.50; packing sows, [email protected]; light lights, 140-160 lbs., good and choice, 4®4.25; lightweights, 160-200 lbs., good and choice, [email protected]; medium weights, 200-250 lbs,, good and choice. $3.90®4.30; heavy weights. 250-350 lbs., good and choice, $3.65@4; packing sows, 275-500 lbs., medium and good, $3.30®3.60; slaughter pigs, 100-130 lbs., good and choice, [email protected]. Cattle—Receipts, 2,000; calves. 500; largely a cleanup market, steady to strong at week’s decline; common and medium grade steers and she stock predominating; best steers, $7.50; bulk, [email protected]; most fat cows, [email protected]; demand still narrow for practically all clashes; slaughter cattle and vealers: Steers. 600-900 lbs., good and choice, [email protected]: 900-1,100 lbs., good and choice, $6.75®9.75; 1,100-1,300 lbs., good and choice, $6.75ft9.75; 1.300-1,500 lbs., good and choice, [email protected]; 600-1,300 lbs., common and medium. $3.50® 6.75; heifers, 550-850 ibs., good and choice, [email protected]; common and medium. s3®s: cows, good and choice, s3@4; low' cutter and cutter cows, [email protected]; bulls, yearlings excluded. good and choice beef, [email protected]; cutter to medium, $2.25®3.25; vealers, milk fed, good and choice, $7.50@9; medium, [email protected]; cull and common. [email protected]; Stocker and feeder steers, 500@1,050 lbs., good and choice, $4.25®5.50; common and medium, [email protected]. Sheep—Receipts, 12 - 000; nothing done; asking higher and bidding unevenly lower; good and choice Jambs bid [email protected]; extreme top late Thursday, 57.40; slaughter sheep and lambs: Lambs 90 lbs. down, good and choice. $6.50®7.40; medium, 55.50®6.50; all weights, common, $4.50®5.50; ewes, 90150 lbs., medium to choice, $2.50®4.25; all weights, cull and common. $1.75@3; feeding lambs, 50-75 lbs., good and choice, $5 @5.50. By United Press EAST ST. LOUIS. Feb. s.—Hogs Receipts, 6,500; market, 10@15c higher; top *4.35; most 140-220 lbs.. $4.20®. 4.35; 230270 lbs., $3.85® 4.10; pigs. $3.50® 4; sows, largely $3.15®3.35. Cattle—Receipts, 700; calves, receipts, 400; market, vealers 25c lower at 9: seven cars steers unsold; indications fully steady; other classes in light supply, and unevenly steady to strong with Tuesday: mixed yearlings and heifers, 54®5.25; cows, $2.75®3.25; lowcutters, $1.50®1.75; top medium" bulls, $3. Sheep—Receipts, 800; market, few lambs to city butchers. 25c higher at $7®7.25: throwouts. s4@s; fat eews steady at“s2.so ®3. By Times Special LOUISVILLE, Feb. s.—Hogs—Receipts, 750; 10c higher: 175-235 lbs.. 54.55; 240?95 lbs., $4.25; 300 lbs. up, $3.65; 175 lbs. down, $4.15; packing sow-s. $2.65®3.40; stags, $2.40 down. Cattle—Receipts, 150; steady at recent declines; bulk best slaughter steers and heifers, $4.50®5.50; few to $6; slaughter cows end bulls, $3 down; Stockers and feeders, $3®5.25calves. receipts 200; steady: top vealers, $8; bulk. $7®7.50; throwouts, $5 down. Sheep and lambs—Receipts. 50; steady to -5c higher: best fat lambs. *6.25: extra quality valued higher: buck lambs, $5.25: throwouts. *3.50 down; fat ewes, *2 50 down. No shipments Thursday. By United Press CINCINNATI. 0.. Feb. s.—Hogs—Receipts, 3,400, including 1,170 direct; heldove^^ n , < l ne: fairl y act ive, 10® 15c higher on 160 lbs. up; heavier weights in general showing most advance; lighter weights and sows steady; better grade 160-230 lbs.. [email protected], mostly $4.70 on around 220 lbs. down; 240-270 lbs., 54.25®4.50; 280-290 Ids- or better quotable, $4.10® 4.15; 120140 lbs., $4; sows, S3 to mostlv $3.25; light weights. $3.50. Cattle—Receipts. 500; calves. 175; generally steady: odd lots common and medium steers and heifers, s4®s 50; a few more desirable kind up to $6.25; two loads of good steers, s7' beef cows mostly 53®3.50; low cutters and 81.50®2.75; practical top bulls, !2tSi~ n vealer ?-, stead y: good and choice, $6 50®9 mostly; lower grades $8 down. Sheep—Receipts. 900; not enough here to make market: all classes quoted nominally ?$ ead & : bett " R’ade lambs. $6.25 to tly i 6 ' 75; cholce up to $7; common and medium, $4.00®5.75; sheep $2 down. By United Press LAFAYETTE, Ind.. Feb. s.—Hogs—Mar-£ct-,1M25c higher; 160-200 lbs.. $4 35; 200-225 lbs.. $4 25 : 225-250 lbs., $4.15: 250!bs - 83 90 : 300-325 lbs.. *3T: 150-160 lbs.. $4: 140-150 Ibs.. $3.75: i 3o ' l8 ® liw - 3.50. 100-120 lbs.. 3.25; roughs. $3 down; top calves. $8; top lambs, $6. By United Press 5 -—Hogs—Market. 10c Ibs - * 3 50: 140-160 lbs.. 84 30: 200-225 lbs.. $4.20; l&v 84 Mi 250-275 lbs.. $3.90; 275300 lbs.. 3.80; 300-350 lbs.. 3.70; roughs, $3; stags. $1.50: calves, $9; lambs, 6. By United Press , CLEVELAND. Feb. s.—Hogs—Receipts. 1.000; holdover. 145: 150-230 lbs., steady to 10c higher: bujk, *4.60; 245-310 lbs. steady to 10 cents or more lower; *3.85® 4 25mostly. *4®4.15; pigs. $3.50. Cattle—Receipts. 300: over 50 steers here, onlv scattered loads sold; medium quality. *s'; near steady; cows and bulls continuing dull. Calves—Receipts, 200; steady to stronger; vealers. $lO freely; odd head higher; common to medium. - , 56.50®8.50. Sheep—Receipts. 1.500; lambs 25c to 50c higher: *7 freely; strictly choice quoted around *7.25; common to medium throwouts, fsesjs.

BELIEVE IT or NOT

GtAOTS ' |St ( County Arttnm, Ireland) / if! i Ti mmvl A Remarkable promontory moe up of close rtttno / iff * Columns usually hexagonal . / j I wMSi&ks SupposecLTo h&ue been built by the lmsH Gian] - THIS miATURfc AUTO, \SVI fN.LONG ey '•/ i3% Mandgci-andlst-BAsetnAD, Asheville, N.C. fp M ! I RoSE. ZWICKERT Got a WALK-GROUNDED out- AND MADE 7 -Portsmouth, a A HIT IN ONE OFFICIAL T/ME AT BAT ! © l!U2.K*fomrJhnncate.tnc<ir<at Rrflirtnu*miolyyM.

Bright Spots of Business

By United Press NEW YORK, Feb. s.—General Motors Corporation will distribute $7,862,453 to 30,222 employes who joined the company’s savings fund class in 1926. President Sloan announced today. ALLIANCE. O.—Officials of the American Steel Foundries recalled 600 employes when the local plant resumed operations after a long shut-down. DETROlT—lndustrial employment in Detroit during the last two weeks of January showed a gain over the first two weeks of the month, according to the board of commerce. CHICAGO —Production of free wheeling units bv the Borg Warner Corporation currently is running 100 per cent above 1931. according to C. S. Davis, president. NEW YORK —W. T. Grant Company reported sales for the year ended Jan. 31 totaled $75,679,192. compared with $71.376.487 in the preceding fiscal year, a rise of 6 per cent. SAN FRANCISCO—Southern Pacific railroad will shortly place orders for 20,000 tons of rails and a substantial amount of ties. Paul Shouo, president, said. NEWARK. N. J.—New' Jersey Bell Telephone Company reported net income for 1931 was $8,464,158. compared with $7,911,893 in 1930. MILLIONS IN FRENCH GOLD SHIPPED HOME Consignments to Bank of France Are Part of U. S. Holdings. By United Press PARIS, Feb. s.—The lie De France landed 342,000,000 francs ($13,440,600) gold at Le Havre today consigned to the bank of France. The metal immediately began to move to Paris by auto trucks. The shipment was a part of the bank’s repatriation of $125,000,000 in its gold holdings at New York. Other shipments, mostly new purchases, are scheduled to arrive within a few days. The Majestic, which lands tonight, will bring 120 barrels of gold ($5,895,000), while the American shipper will bring 200 barrels of gold ($10,807,500) to Cherbourg Sunday. VALUE OF OIL EXPORT SHOWS DROP FOR 1931 Japanese Purchases 14 Per Cent of United States Foreign Sales. By United Press v WASHINGTON, Feb. s.—Japan in recent years has steadily increased her purchase of oil from the United States, according to a commerce department report issued today. Last year's total exports were 25,535,159 barrels, of which Japan took 14 per cent or 3,574,922 barrels. Seventy-five per cent of this country’s exports went to Canada. The total volume of 1931 oil exports was the largest since 1920, except 1929. The value of these exports was far below those of previous years. Exports exceeded imports by three times in value. BRITISH CREDIT SAVED BY ‘HOME-BANKED’ GOLD Hoarded Sovereigns Released as Country’s Need Develops. By United Press LONDON, Feb. s.—Seven million pounds sterling in gold sovereigns 1 was taken from hiding places in j British gardens, hot houses, chim- j neys and cupboards to help Britain' repay $75,000,000 to France when! the recent British credit was termi- j nated, the Daily Express said today. j The Express correspondent at Birmingham quoteo M. R. Fletcher, j a director of a bullion dealers and | refiners firm, a-> saying that the! hoarded gold returned to circulation enabled Britain to make her credit payments without depleting her gold stores. RAW SUGAR PRICES —Feb. S High. Low. Close. January 1.15 1.11 1.13 March 96 .91 .92 May .99 .94 .95 July 1.0 .99 1.01 September 1.10 1.04 106 December 1.15 1.09 I.U

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

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Friday’s Times: The Meaning of ”Ceci!ia”--The name of Caecilia (as Cecilia is spelled in Latin), meaning a “blind serpent,” is to this day applied to a game of snake-like Batrachians, having no eyes. The Armless Jockey--About forty years ago, when Colby Turner was 9 years old, he fell in front of a hay mowing machine, which caused the loss of both arms. Despite this handicap Turner learned to drive race horses. He is a star trainer and driver for a string of thoroughbreds owned by Lew Wallace of Wilmington, O. He wraps the reins ardund his arms when driving. Turner also drives his own automobile, writes, feeds and dresses himself, and admits he has no difficulty handling money. Monday: A record in lonesome dining. Other Livestock By United Press EAST BUFFALO, Feb. s.—Hogs on sale, 3,600; active to all interested: strong to 10c higher: weights around 230 lbs. up mostly; bulk, 160-210 lbs.. [email protected]; few. $4.85; mixed lots witv light or medium weight, $4.65; 220-240 lbs., $4.40©4.75; 240-270 lbs.. [email protected]; weights below' 140 Ihs.. [email protected]. Cattle—Receipts, 250; steers and heifers draggy; about steady; medium kinds, $5.65®5.75; common downward to $4.25; cows steady to weak; cutter grades, s2@3. Calves—Receipts, 600; better grade vealers steady at $9; medium and lower grade slow at $5.50@8. SheepReceipts, 1.700; lambs generally 25c higher; trucked in lambs predominating; good to choice, [email protected]; mostly $7: few, $7.25; common and medium, [email protected]. By United Press PITTSBURGH. Feb. s.—Hogs—Receipts. 1,800; market, steady to 5c higher; 160-210 lbs., $4.65®4.85: 220-300 lbs., $4.25©4.65; 100-140 lbs., $3.75®4.25; packing sows, scarce, steady: $3.50 down. Cattle—Receipts, 25: Market, unchanged; calves, receipts, 75: market, steady; better grade vealers. $8.50®9.50. Sneep^—Receipts, 750; no early sales; asking shortly higher for lambs; choice kinds, around. $7.50. New York Liberty Bonds —Feb. 5 3%s 94.10 Ist 4%s 97.28 4th 4V4s : 99.10 Treasury 4%s 100.30 Treasury 4s 96.80 Treasury 3 3 4s 92.10 Treasury 3%s of ’47 90.16 Tresaury 3%s of ’43 (March) 91.25

Ready to Die

!; fj f I : I '- ' "' • > ' : '^^la 1g > \ >" • ;.’< ' K ~ | - • i

‘‘l am ready to die with my military comrades, - ’ were the stirring words of Marshal Chiang Kai-Shek, former president of China, when he out of retirement to rally ms country’s military forces for combat against Japanese aggression.

§-£ V' Registered O. *- JLJ 1 Patent Office RIPLEY

Dow-Jones Summary

F. W. Woolworth reports January sales amounting to $17,990,630, against $19,239.840 in January, 1931, a decrease of 6% per cent. American Republics Corporation and subsidiaries in year ended Dec. 31, 1931, net loss amounted to $4,156,308 after expenses and other charges, against net loss of $927,675 In 1930; net loss for December, 1931, quarter was $1,507,883, against net loss of $870,220 in like period of 1930. New York cables opened in London at 3.45%, against 3.45%; Paris, checks. *7.875; Amsterdam, 8.585; Italy, 66.50, and Berlin 14.562. May Department Stores declared a dividend of 45 cents on common stock: previously 62 %cents Quarterly was paid, Crown Cork and Seal Company declared a dividned of 30 cents on common stock, against 60 cents previously. Crude oil deliveries by Prairie Pipe Line Company in January totaled 1,862,335 barrels daily, an average of 60,075 barrels, against 2,382,895 in December, or 76,867 daily, and 2,207,391 barrels in January, 1931, or 71,206 daily. Mapes Consolidated Manufacturing Company in year ended Dec. 31, 1931 earned $5.34 a share on 120,000 shares, against $5.27 in 1930. Cabot Manufacturing Company declared the regular auarterly dividend of $1.50. payable Feb .15. of record Feb. 4. Loans on stocks and bonds to brokers’ by federal reserve member banks in New York city decreased $8,000,000 in week ended Feb. 3 to $505,000,000; non-broker loans decreased $3,000,000. Daily average volume of federal reserve credit outstanding during week ended Feb- 3 was $1,830,000,000, an increase of 5iM22’ 000 over Preceding week and $863,000.000 oyer like week of 1931; ratio in New York federal reserve banks In week ended Feb. 3 was 67.8, against $69.6 in previous week: ratio in federal reserve system 67.1, against 67.4.

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 11c: henery duality No. 1. 13c: No. 2. 9c. Poultry (buying prices)—Hens weighing 5 ibs.. or over. 15c: under 5 lbs.. 14c: Leghorn hens. 10c: broilers, full feathered. 5 ibs.l or over. 14c: under 5 lbs.. 13c: Leghorn broilers. 10c: spring chickens. 5 lbs. and up 12c: under lie: old cocks. 7c: ducks, full feathered. 9c: geese. 6c. These prices are for No. 1 top oualitv auoted bv Kingan & Cos. Butter (wholesale)—No. 1. 25026 c: No. 2. 230<24c. Butterfat—2oc. Cheese (wholesale selling price per pound)—America loaf. 23 3 c: pimento loaf. 25 3 /4c: Wisconsin firsts. 19c: Longhorns. 19c: New York limberger. 30c. By United Press NEW YORK. Feb. s.—Potatoes—Market, dull; Long Island. [email protected] barrel; southern. Si.lßo 1.44 sack; Idaho, $2.250 2.50; Bermuda, $4.5009 barrel; Maine. $1.50® 1.90 barrel; Canada. $1.4002.50 barrel. Sweet potatoes—Market, dull; jarsev baskets, 3500*1; southern baskets, 40@60c. Flour—Market, quiet; spring patents. $4.40 04.70. Pork—Market, quiet; mess, $17.50. Lard—Market, easy; middle west spot, $5 0 5.10. Tallow—Market, steady; special to extra, 2 3 4 02y a c. Dressed poultry—Market quiet; turkeys. 18026 c; chickens. 15031 c; fowls. 100 21c; broilers, 150 28c; capons, 180.38 c ducks. 10@i6c; Long Islands ducks, 17'/ 3 019c. Live poultry—Market, steady: geese, 110 15c: ducks. 110 25c: fowls, 180 21c; turkeys. 18030 c: roosters. 12@13c; chickens. 5022 c; broilers, 13023 c: capons. 160 27c. Cheese—Market, dull; state whole milk, fancy to specials, 120.18 c; young Americas. 130 13‘2C. By United Press CINCINNATI. 0.. Feb. s.—Butter steady; creamery in tub lots, according to score. 170 20c: common score discounted. 2 to 3c; nacking stock No. 1. 18c: No. 2. 12c: No. 3.8 c: butterfat. 16018 c. Eggs—Steady; cases included: extra firsts. t&Vac; firsts, 14’' ? c; seconds. 12’,2c: nearby ungraded. 14 ! 2 c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 16c: 4 lbs. .and over. 16c: 3 lbs. and over. 16c: Leghorns. 3 lbs. and over. 13c: roosters. 9c: broilers, colored. 1 lb. and over. 20c: IVa lbs, and over. ::0c: 2 lbs. and over. 20c: frvers. 3 lbs. and over, 20c: partly feathered. 12c: Leghorn broilers. 1 lb. and over. 15c: lVa lbs: and >ver.l 15c: 2 lbs. and over. 12c: Leghorn stags. 10c: colored stags. 12c: black springers. 10c: roasting chickens. 4 lbs. and over. 19c: ducks, under 3 lbs., sell at liberal concessions: ducks, white. 4 lbs. and over. 15c; under 4 lbs.. 12c: colored, 4 lbs. and over. 15c: under 4 lbs.. 12c: capons. 8 lbs. and over. 23c: under 8 lbs.. 19c: slips. 13c; Guineas. 10c: turkeys No. 1 heDS. 8 lbs. and over. 26c: voung Toms No. 1. 10 lbs. and over. 22c. By United Press CHICAGO. Feb 5. Eggs Market, steady: receipts, 6,509 cases; extra firsts, 17017>( 2 c; firsts, 16‘iC: current receipts, 150,16 c; seconds. 1201314 c. Butter—Market. easy; receipts. 9,485 tubs: extras. 21c; extrA firsts. 20'.402O 3 c: firsts. 19'i®20c; seconds. 18’ ,0:19c. Poultry Market, steady; receipts. 1 car: fowls. 16c: springs. 19c; Leghorns. 12e: ducks. 17020 c; geese. 13c: turkeys. 150 20c; roosters. 10c. Cheese —Twins. n 3 i®l2c; Young Americas. 12 1 4 0 12’ic. Potatoes—On track. 153; arrivals. 49; shipments. 529; market, dull; Wisconsin Round Whites. 75080 c Idaho Russet3. 51.40 01,50; Nebraska Triumphs, $1.2001.25. By United Press CLEVELAND. Feb. s.—Butter—Extras, 25c: standards. 25c: market steady. Eggs— Extra firsts. 16c; current receipts. 15'jc; market, steady. Poultry—Heavy fowls. 17 018 c: medium. 17018 e; Leghorns. 14015 c; smooth springers. 16018 c; ducks. 10c; turkeys. 25c; geese. 16c: stags. 14c: Tr.arket. steady. Potatoes —Ohio. 40® 50c per bushel; Maine Green Mountain. 90c 031.10 per 100lb. sack; Idaho russet, large. $2.1002.25; medium. (1.7562 per 100-lb. sack.

PAGE 11

GRAIN OPTIONS DISPLAY WEAK PRICE ACTIONS Steady Local Pressure Is Factor in Driving AI! Futures Down. BY HAROLD E. RAIXVILLE United Press Staff Correspondent CHICAGO, Feb. s.—Weakness in stocks sent wheat down around a cent a bushel on the Board of Trade today. There was a heavy undertone throughout the session with local pressure persistent, although meeting commission house support around 58% for July. Easiness at Liverpool also was a factor. The mild weather and lack of damage reports from the winter wheat belt was depressing. Corn was dull and easier but resisted pressure. Oats was lower with corn. AII Futures Close OfT At the close wheat was s * to 7 i cent lower, corn was % to •% cent lower and cats % cent lower. Provisions were steady, but meats were off 20 points. Liverpool weakened toward the last and closed T s cent to 1 cent lower. The pit was anxiously scanning news from the far east and paid considerable attention to an unconfirmed report that Russia was massing troops near the Manchurian border. Cash prices were 1 cent lower. Receipts were 16 cars. Corn News Unimportant Despite large receipts and the bearish local sentiment, corn yielded but little ground during the morning and at mid-session was unchanged. There was no news of importance. The Argentine damage report was supported by a local crop expert. Cash prices were unchanged to % cent lower. Receipts were 200 cars. Oats held steady with com and price changes were of no significance during the morning. The market was dull and featureless. Cash prices were unchanged to % cent lower. Receipts were 39 cars. Chicago Grain Range —Feb. 5 WHEAT— Prev. Open. High. Low. close, close. Mar.. .56% .56% .55% .55Va .56% May.. .58% .59 .58 .58% .59 July.. .59 .59% .58% .58% .59% Sept... ,60V* .60% .59% .60 .60% CORN Mar.. .36% .36% .36% .36% .36% May.. .39% .39% .39% .39% .39% Julv.. .41% .41% .41% .41% .41’-. Sept.. .42% .42% .42% .42% OATS— May.. .25% .25% .25% .25% 25% July-.. -24% .24% .24% .24% .24% Sept. .25 .25% .24% .25 RYE— May.. .45% .46 .45 .45% .46% July.. .47 .47 .46% .46% .47% Ss £ard—:*** : 47,2 Mar.. 4.92 4.92 487 4.87 487 May.. 5.05 5.07 500 5.00 5.00 July-- - ■ - 5.17 5.15 Sept.. 5.35 9.35 5.30 5.30 527 BELLIESJ May., 5.57 5.57 535 5.40 5.60 By Times Special CmCAGO. Feb. s—Cariots: Wheat. 33; corn. 209; oats. 45; rve. 1, and barley, 6. By Times Special Feb - 5 -—Primary receipts: Wheat. 989.000 against 1.240.000: corn 749.000 against 649.000; oats. 206.000 agamst 332.000. Shipments—Wheat. 529,00 against 515.000; corn. 134.000 against 384.000; oats. 77.000 against 315.000 $y United Press <mF OI ; e T!P - eb - s.—Close: Elevator prices; Wheat—No. 2 red. 60© 81c. Corn—No 2 yellow. 28® 30c. Oats—No. 2 white. 27V?®28%c. Rve—No. 2. 46© 47c. Grain—On track. 28%c rate. Wheat—No. 2 red. 55® 55%c: No. 1 red. 1 cent premium. Corn— No. 2 yellow. 33 %®34c; No. 3 vellow. 31V.® 32Vic. Oats—No. 2 white. 24%©25%c: No. 3 white. 23®-24%c. Clover—Prime. $8.75; February. $8.75: March. $8.90. Alsike— Cash. $8.75; February. $8.75: March. $8 90 Butter—Fnncv creamery. 23®)26c. Eggs— Extras. 14%@15c. Hav—Timothy cwt.. sl. By United Press CHICAGO. Feb. s.—Grain close: Wheat —No. 2 hard. 58c: No. 3 hard. 57Vic: No. 2 vellow. hard. 57c. Corn—No. 3 mixed. 34%c: No. 4 mixed. 33c: No. 2 vellow. 36’'-c; No. 2 vellow. old. 38%c: No. 3 vellow. 32% ®35%c: No. 4 vellow*. 33%®34%c: No. 5 vellow. 33V?c: No. 2 white. 38%e: No. 3 white. 35V-®36e; No. 4 white. 35®35 :: -e. Oats—No. 2 white. 25®25%c: No. 3 white. 24© 25c: No. 4 white. 23%c. Rve—None. Bariev—42® 58c. Timothy Clover—sß® 14.75.

Cash Grain

—Feb. 5 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—Weak: No. 1 red. 46%®48%c: No 2 red. 45%©.46%c; No. 2 hard.%s%tf 46 1 2C. Corn—Easy; No. 3 white, 27©28c: No. 4 white, 26®27c; No. 3 vellow, 25©26c: No. a yellow. 24®25c: No. 3 mixed. 24®25c; No. 4 mixed. 23©24c Oats—Easy; No. 2 white, 19%®20%cNo. 3 white, 18%©19'/ 2 c. Hay (f. 0. b. country points taking 23%c or less rates to Cincinnati or Louisville)— No \ timothy, $7®7.50; No. 2 timothy, $G @6.50. —lnspections Wheat—No. 2 red. 3 cars; No. 3 hard 1 car. Total. 4 cars. Corn mew)—No. 3 yellow, 18 cars; No. 4 yellow, 8 cars; No. 3 mixed, 2 cars; No. 4 mixed. 1 car. Total 29 cars. Oats—No 2 white. 5 cars: No. S white. 11 cars; No. 2 mixed, 1 car. Total, 17 cars.

Local Waqon Wheat

City grain elevators are paving 45c for wheat red wheat and 45c lor No - 2 toA rd

In the Cotton Markets

(Bv Thomson A McKinnon) NEW YORK, Feb. 5. —Cotton prices were about the same as Friday. Trading was largely professional. Selling the near positions and buying the distant. In the outside trade is of much interest. For instance the world is taking more than 180,000 bales more this week than for the same week last year. Much cotton is being exported. We are selling our crop below cost largely due to general economic conditions. At the same time, we arc giving foreign growers competition of the most serious character. With less production abroad, we are forcing a price that must cause severe loss and it is not unlikely I, that this year will see a still further reduction in miscellaneous growths. We feel that cotton is getting into a position from which it might score an important advance, should the spring weather be the least unfavorable. CHICAGO —Feb. 5 Vfarrh CIOS**. grf..:::::::::::::::. Hi g IJ? October' '.Y.Y.V.W.'.WY. 7J>O 7ilß Ll3 NEW YORK January 7.37 7.33 7 37 March 6.60 6.57 6 0* Mav 6.78 6.74 6.77 Julv 6.93 6.91 6.92 October 7.16 7.13 , 15 December 7.32 7.29 7Ji NEW ORLEANS March 6 62 6 56 6 60 May 6.73 6.74 6.77 July 6.94 6 90 6 93 October 7.10 7 07 7.10 December 7.26 7.22 7.25 NEW YORK COFFEE RANGE —Feb. 5 ~ High. Low. Jlose. March 6.0a 5.96 6.04 Mav 6.15 6.09 *.13 July S.2S 6.18 .2S September 6.33 6.27 6.33 December 1.42 6.33 6.42