Indianapolis Times, Volume 43, Number 240, Indianapolis, Marion County, 15 February 1932 — Page 11

FEB. 15, 1932.

STOCK MARKET RALLIES AFTER EARLYDECLINE U. S. Steel Heads Leaders in Upturn Around Noon.

Average Stock Prices

Average of thirty industrials for Saturday 85 82. up 7.22 Average of twenty rail* 39.70, up 4.13. Average of twenty utilities 34 87 up 3 07. Average of forty bonds, 78.50. up .40. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Feb. 15.—Trading on the Stock Exchange today settled down to a more normal volume of transactions with prices irregularly lower. Around noon the leaders were moving up again, featured by United States Steel. The market opened irregular and then dipped sharply as profit-taking operations gained momentum. These ran their course in the first hour and the list came back. Near noon three copper companies, International Nickel, Utah Copper and Nevada Copper reported no action taken on dividends. Stel Shares Rally Copper shares had been steady in early trading on better price outlook for the metal and a higher metal market in London, but they sold off on the dividend announcements. United States Steel at noon was at 48, off a point, but up 1% from the early low. American Telephone was at 129 1 !>, off 3% from the previous close, but up l ii from tin early low. Consolidated Gas was up more than a point from its low and so was New York Central. Auburn Auto touched 116 and then came back more than 5 points. Railroad shares were moving in a relatively narrow range. Aside from Auburn the motors were only off fractions. Rond Action Mixed Chicago stocks declined fractions to 3 points, but later recovered partly. Curb stocks followed the action of issues on the big board, rising moderately after an early decline. Trading in this market also fell off in volume. Bonds were mixed. United States government issues were up sharply, while foreign loans were mixed. The majority of railroad bonds moved higher, some gains ranging to 4 points. Convertible issues reacted with their stocks. Cotton futures held around the previous close after losing an early gain. Grains slipped back fractions below the previous close. Sales Slow Down Kcnnecott joined the group of copper companies omitting dividends shortly after noon. Du Pont, in line with expectations, declared the regular dividend due at this time. At noon, the Dow-Jones industrial average was at 82.86, off 2.96; railroad 38.60, off 1.10, and utility 34.28, off 0.59. Stock sales totaled 1,200,000 shares at noon, against 2,600,000 shares on Saturday and 1,500,000 in the corresponding period Thursday. Bond sales to noon totaled $7,32.000, against $9,609,000 Saturday. United States government bond transactions in this period amounted to $2,321,000, against $1,637,000 Saturday.

Bank Clearings

INDIANATOLIS STATEMENT —Feb. 15— Clearings $2,255,000.00 Debits 3,894.000.00 TREASURY STATEMENT —Feb. 15— Net. balance for Feb. 12 $567,549,974.75 Expenditures 8.930.136.22 Customs rect. month to date 10,513,605.66

New York Curb Market

(By Thompson & McKinnon) —Feb. 15— ll:001Humble Oil .... 46 | Alum Cos of Am 55%jlnsull Ut 3 Am Cyannmid.. 3%)lmp Oil of Can 8% Am Gas <& Elec 35%jM)dwest Util .. 4% Am Sup Pwr... 4 jMt Prod 2% Ark Gas (A) .. 2VijNat Invest .... 2% Asso Gas At El. 4%iNat Aviation ~ 3 Eraz Pwr & Lt 11%INewmdnt Min .. 11% Can Marc l'/.lNia Hud Pwr.. 6% Cent Sts Elec.. 2% Niles 8% Cities Service .. 6'lPenroad 3% Cons Gas of B 61%'St. Regis Paper. 4% Com Edison ..110'ilSalt Creek .... 3% Cord 6% Std of Ind 15% Deer &Cos .... 9% Std of Ohio 26 El Bond As Sh. ll%stutz n% Ford of Can .. 13%tUn Gas (At.... 2% Ford of Eng.. 15%(Un Lt <fc Pwr... 7 Goldman Sachs. 3 ]Ut fz Indus .... 2% Great A <5: P... 150 Ut Pwr 2% Gulf Oil ...i.. SOlilUn Fndrs 214

Investment Trust Shares

(Bv Gibson <fc Bernard) PRICES ARE TO 13 NOON C. S. T. —Feb. 15Bid. Ask. Am Founders Corp com ■> 7 S Aiu <fc Gen Sec A 3Vs ... Am Inv Tr Shares 2 n * 2Vi Basic Industry Shares 2Vj ... Collateral Trtiste Shares A.... 4 l * Cumulative Trust Shares 3 s # 4' 8 Diversified Trustee Shares A.. 7 :, ... Fixed Trust Oil Shares 2 1 * ... Fixed Trust Shares A 7- 1 . ... Fundamental Trust Shares A 3 a . 4>' Fundamental Trust Shares 8.. 3 7 8 4 a 8 Leaders of Industry A 3 5 ... Low Priced Shares 3 S S 4 Nation-Wide Securities 3">* 3 a i National Industries Shares ... 2 a . 2 7 North American Trust Shares 2‘j ... Selected American Shares.... 2*3 2 7 Selected Cumulative Shares... 6 7 6 7 „ Selected Income Shares 3Va 4 Shawmut Bank Inv Trust .... 3'i 4 Std Am Trust Shares 3'a 3 7 4 Super Corp of Am Trust Sh 3'. 3 5 8 Trustee Std Oil A 3\ ... Trustee Std Oil B 3 3% a *3% Unified Service Trust Shares A 2 5 * 3 'V S Fire Light A Power A.. 17'„. 13'. Universal Trust Shares 2 r 3V4

New York Bank Stocks

ißv Thomson & McKinnon) —Feb. 13Bid. Ask Bankers 62’a 64Vi Brooklyn Trust 235 245 Central Hanover 143 147 Chase National 39 41 Chatham Phoenix Natl ... 21V4 .... Chemical ~ 33a* 35&; City National 63V* 55V* Corn Exchange 65 68 Commercial 155 163 Continental is 18 Empire 25 27 First National 1,640 1,710 Guaranty 303 308 Irving 20 Mi 21 *4 Manhattan & Company ... 38 40 Manufacturers 3a 34 New York Trust 83 86 Public 25 27 * Chicago Stocks Opening (Bv James T. Hamfll & Cos.) —Feb. 15— Asa Tel Util.. 6V3 Insull com .... 3‘i Bendix Avia .. 18 :Insull pfd .... 6 Borg Warner .. 11*. Insull 6 s '40... 27 Cent So Wst., 5 7 Mo Kan Pipe L l'i Cent Pub S A 2V, Middle West ... 5 Cities Service.. 6V, Sbd Utilities.... 1H Cord Corp .... 6 a Swift & Cos ... 18 Cont Chi com.. 2 1/ , Swift Inti 20U Comm EdUon .118*4 U 8 Rad & Tel 11 Chicago Sec ... IV. U S Gypsum .. 22*4 Grigsby Grun. ISJUt & Indus com 3 Koud Hersh B. 3HiU4 & Indus Did 10%

New York Stocks """.M...,g v Thomson Ac McKinnoni ——————

—Feb. 15Prey. Railroad*— High. Low. 11 00. close. Atchison 875* 85 1 i 86 V* 87 V* Balt At Ohio 18% 16% 18 19 Cheaa & 0hi0... 25% 24% 24% 25% Chesa corp ..... 17% 1% 17 17 Can Pac 15% 15Va 15% 15% Chi Ort West 3% Chi N West .... 10% 10 10% 10% CRI4P 13% 12% 12% 12% Del L It W 23 22 22 22% Del At Hudson .. 89% 86 86 89% Erie 8% 8% 8% 8% Erie Ist pld 10% Great Northern. 21% 20% 21% 21% Illinois Central.. 15% 14 14% 15% Kan City So 11% 11% Lou At Nash 26V* 26 M K Ac T 6% 6% 6% 6% Mo Paelilc 9% 8% 8% 9% Mo Pacific pfd.. 20% 19% 20 21% N Y Central .... 32% 30 30% 32% NY NH & H 28 37 27% 29 Nor Pacific 21% 21 21 21V* Norfolk At West. 133% 132 132 133 O At W 7% 7% 7% 7% Pennsylvania ... 22V* 21V* 21% 22 Seaboard Air L % So Pacific 35 33% 33% 34% Southern Rv.... 11% 115* 11% 12 !St Paul 2% 27k St Paul ofd 4% St L 4 B F, 6 5% Union Pacific .. 88% 86% 86% £B-’ Wabash 4 3% 3% 3% W Maryland ... 6% 7 Equipment*— Am Car At Fdv 77* 7% Am Locomotive BVs 7% Am Steel Fd 8% 77 8 8 Am Air Brake Sh. . 13 13 Gen Am Tank.. 30% 30'% 30% 32 General Elec ... 23Vs 22 22% 24 Gen Rv Signal 25 25 Lima Loco 14% 15 Poor & Cos 4% Press Stl Car 17* Pullman 23 22 22 22% Westingh Ar 8.. .. ... 16% 17 Westingh Elec.. 30% 29y t 307* 317s Rubbers— Firestone 12% 12V* Fisk % % Goodrich 16% 15% 15% 5% Goodyear 16% Kellv Sorgfid .. 2% 2 2% 2% U S Rubber 4% 4 4% 4-/s Motors— Auburn 124 116 1193* 123% Chrysler 13% 12% 12V* 13/a General Motors.. 22% 22% 22% *3% Graham-Paige... 3% 3% 3% 3% Hudson 9% 9% 9% 9% Hudd 4Vs 37k 4 4Vi Mack 15% 15% 15% 15% Marmon 1% 1% Nash is it** 18 l]?, 4 ' Packard 4% 4% 4% 4% Peerless ••• 2% Roe 3% 33 3 Studebaker .... 11% 11% H'/s 11% White Mot 9% Ycl'.ow Truqk 4% 4 4 4 Motor Access — Bendlr Aviation 17% 17 17% 17-’ Borg Warner.... 117* 10% 11% .11% Briggs 97% 9% 9% 9% Budd Wheel .... 3% 3% 3Vi 3 s Eaton 7'/* 7 7 7 El Auto Lite.... 31% 39% 30% 30% El Storage B 31% 31 % Houda 3% 3% Motor Wheel 5% 5 Murray Body ... 7% 7% 7% 7% Sparks-W •••, 3 Stewart Warner. 5% 5% 5% 5% Timken Roll .... 22 20% 20'% 22 Mining— Am Metals 5 4% 5 4Vs Am Smelt 16% 15% 16 16% Am Zinc ... 3 ••• , Anaconda Cop... 10% 10% 10% 10% Alaska Jun .... 14'% 14% 14% 14% Cal At Hecla ~ 3 Vi 3% Cerro de Pasco 12% il% 12 12% Dome Mines 8% Freeport Texas. 19 18% 18Vs 19 Granby Corp 7 Gt Nor Ore 12% 12% 12% 12 Howe Sound ... 12% 12 Int Nickel 87k 8% 87k 8% Inspiration .... 3% 3% 3 % 3% Kennecott Cop.. 11% 11 Vi 11% 11 Magma Cop 7 Miami Copper... 3% 3% 3% 374 Nev Cons ... 5% 5% Noranda ... 14% 14Vi Texas Gul Sul.. 25*4 25Vk 25% 25 U S Smelt 16% 18% Amerada 13% 13% Atl Refining ... 10% 10 10 10% Barnsdall 5Vi 5 5 5% Houston 4 Mex Sbd B'/* 8 8 8 Mid Conti , 5% Ohio Oil ....... 6 574 5% 5 Phillips 5 47k Prairie Pipe .... 7% 7% 774 7Vs Pr Oil At Gas... .. ... 5% . 5% Pure Oil 4Vs 4% 4% 4% Royal Dutch ... 18% 1871 18% 19 Sinclair 6% 5% 5% 6 Skelly 37* ... Standard of Cal 26% 25% 25% 26% Standard of N J 30'% 29 29% 29V* Soc Vac 10% 10% 10% 10% Texas Cos 12% 12 12 12% Union Oil 13 12!k 12% 117a S tcfcl®—*' Am Roll Mills.. 10% 97k 97k 10% Bethlehem 22% 20 21% 22% Bvers A M 15% 14V* 14% 15-/a Colo Fuel 10 Cruc Steel 19 Inland 24 Ludlum 5 5 McKeesport Tin 54% 53% 53% 54 Midland , 87k 9 Repub I & 5.... 6% 6Vk 61k 6Vk U S Steel 49 46% 48 49 Vanadium 16 15% 15% 15% Youngst S At W , 3% Youngst S& T 16% 17 Tobaccos— Am Tob A (new) 76 78'/i m Tob B (new) 77% 76 76 81 General Cigar 36% ... Llg At Myers 8.. 59% 58 58% 60% Lorillard 14% 14% 14% 15V* Reynolds Tob... 38 3774 37% 38 Std Com Tob Tob Pr (Ai 8% Tob Pr (B) 4% United Cig 17k Utilities— Abitibi 3 Adams Exp 5% s'* 5% 5% AmFor Pwr .... 8% 7% 7% 8 Am Pwr At Li... 15% 15% 15% 15% AT&T 129% 127% 129% 122% Col Gas & E 1... 14*8 13% - 13% 14% Coin & Sou .... 47a 4*4 4% 4% Cons Gas 62% 62 62% 64% El Pwr & Li 13% 12% 13 13% Gen Gas A 2% 2% 2% 2% Inti T At T 11 10% 10% 1074 Lou Gas & El 22% 22% Natl Pwr & LI.. 147 k 14% 14% 147 k No Amer Cos 36 35 35'% 36 Pac Gas & E 1... 37 36 6% 37 Pub Set N J.... 56' * 55 56 587 k So Cal Edison... 32% 32 32 32 Std GAt El 32 30 Vi 317 k3l United Corp 10 9% 9*4 10 % Un Gas Imp 20 19% 197* 207s UtPwr&LA.. 9% 9% 9% 9% West Union .... 47 43 43% 45% Shipping— Am Inti Corp .. 7% 6% 7 7% N Y Ship 5 United Fruit ... 24'/ 2 24% 24Vi 24 Foods— Am Sug 27 26 Vi 26% 26 Armour A I s * 1% Cal Pkg 117s Can Dry 13 1274 12% 12% Childs Cos 6 Coca Cola 114% 113 113 115% Cont Baking A 6 6 Corn Prod 44 *4 42% 42% 44 % Crm Wheat .... .. ... ... 22V* Gen Foods 35% 347s 34% 34Va Grand Union 87k 9

In the Air Weather conditions at 9 a. m.: Northeast wind, 10 miles an hour; temperature, 32; barometric pressure, 30.26 at sea level; ceiling, overcast, smoky, estimated at 5,000 feet; visibility, I*4 miles; field soft. Air Squadron Inspected Pilots and observers of the One hundred thirteenth observation squadron, Indiana national guard, put on an extensive aerial show Sunday at Stout field before a federal inspection officer and a crowd of several hundred air enthusiasts. Lieutenant-Colonel H. Cress Muhlenberg, Fifth corps area air officer, came to Indianapolis this week-end for annual inspection of the guard squadron, ranked high among the nineteen national guard divisional aviation units in the United States for several years. Lieutenant-Colonel Muhlenberg tonight will inspect squadron personnel at the weekly drill session at Stout field. Curtail Air Service Temporary cancellation of two daily flights between Columbus, 0., Indianapolis and St. Louis, Mo., were anounced today by Transcontinental and Western Air, effective Wednesday. The runs eliminated are westbound, leaving here at 9:58 a. m„ west-bound, and 4 p. m.. east-bound. This leaves only one passenger-mail flight and two mail flights in each direction daily. The discontinued flights probably will be restored in the late spring, when weather conditions are more favorable, according to R. B. Barratt, local traffic representative. Plane Saves Time Advantages of air travel were demonstrated Sunday by J. H. McDuffee, vice-president of the Prest-O-Lite Storage Battery Company, who flew to Chicago, transacted business and returned, the entire trip requiring only two hours and twenty minutes. He was met at Chicago municipal airport by an official of the International Harvester Company. The plane,./* Lockheed-Vega monoplane, .was piloted by Dick Knox,

Hershev 79 Vi 79 79 77% Jewel Tea 35 Kroger ......... 14*4 14% 14% 14*4 Nat Biscuit 45 Natl Dairy 267* 25% 26% 26% Purity Bak 147* 237* 147* 15 PUUbury 22% 22% Safeway St 507* 50% Std Branr*’ 13% 13 137* 13 Ward Bkg 10V* Drugs— Coty Inc 4*4 4% 4'i 4% Drug Inc 54% 43 % 53% 55% Lambert-Co 51 50V* 50% 50*, Lelm At Fink 22V* Industrials— Am Radiator ... 8% 7% *7Vi 774 Gen Asphalt .... 14'* 13% 13% 13% Otis Eiev 18** 18% 18% 19 Ulen 2',* ... Indus Chems— Air Red 567* 55 55 57 Allied Cilem .... 76% 74% 76% 77 Com Boiv 9 8% 8% 9 Dupont 56% 54% 56% 57% Union Carb .... 33V, 32% 33% 34% U 8 Ind Alco .. 25% 247* 24% 25% Retail Stores— Assoc Dry Gds 7 7 Gimbcl Bros 2% Kresge S S ..... 177 k 17% 17% 18 May D Store 177* 1774 Mont Ward .... 9*4 9'k 9% 9% Penny J C 30', 29% 29% 20 Schulte Ret St. . .. ... 3% Sears Roe 34% 32** 33% 34% Woolworth 44 V* 42% 43% 44% Amusements— Bruns Baike ... 2 Eastman Kod .. 78 75 74 757 k 77 Fox Film A .... 4% 3% 3% 3% Grigsby Gru 174 lV* Loews Inc 3074 28% 29 % 30 V, Param Pam .... 9 8% 8% 97* Radio Corp 9 3’* 8% 8% R K O 6 5% 5% 5% Warner Bros 3% Miscellaneous— City Ice Ac Fu 27% Congoleum 10 Vi 10% Proc & Gam ... 42 40% 41 4174 Allis Chal 13% 12% 12% 13 Am Can 68 65'% 67'% 69% J I Case 36'% 32% 35% 35% Cont Can 37% 367* 37% 37% Curtiss Wr 2 2 GiUette S R .... 16% 1574 16% 17 Gold Dust 18V* 17% 17% 18 Int Harv ... 25% 24'% 247 k 25% Int Bus M 1067* 103% 105 106% Un A rest 15% 14% 15'% 15%

The City in Brief

TUESDAY EVENTS Rotary Club luncheon. Clavponl. Young Lawyers’ Club luncheon. Washington. Gyro Club luncheon, Spink Arms. Mercator Club luncheon. Columbia Club. Arthiteetural Club luncheon. Architects and Builders’ building. Purchasing Agents’ Association luncheon. Severin. American Chemical Society luncheon. Severin. Universal Club luncheon. Columbia club. Republican Veterans luncheon. Board of Trade. Indianapolis Medical Society, meeting. 8:15. Athenaeum. Indianapolis League for Hard of Hearing, meeting. 7:30. Stokes building. Zonta Club luncheon. Columbia Club. Indiana Bakers’ Association, all day. Claypool. “Income Tax, Personal and Corporation” will be the topic of John E. Fredrick, president of the Indiana State Chamber of Commerce and charter member of the Kokomo Rotary Club, before the Rotary Club Tuesday noon at the Claypool. The greater part of the crime in this country today can be traced definitely to a lack of good influence in the home,” Captain T. Dinsmore Upton said at the Y. M. C. A. Big Meeting at Keith’s Sunday. Dr. W. W. Wiant, pastor of the North Methodist church, will take the place of Dr. Jean S. Milner, pastor of the Second Presbyterian church, as speaker at the assembly period of the tenth annual winter institute of the Epworth League at the Central Avenue M. E. church tonight. Edward P. Barry, first president of the Old Time Printers’ Association, was re-elected to the office Sunday to fill the unexpired term of William T. Ellis, who died in January. Parent-Teacher Association and mothers’ chorus of Oliver P. Morton school No. 29, at 2101 College avenue, will give a minstrel show, “Happy Days,” at the school tonight and Tuesday. Mothers’ chorus of School 29 will present a minstrel show at the school tonight and Tuesday under direction of Mrs. Norma Koster. Lives of Washington and Lincoln will be discussed Tuesday night before the Benjamin Harrison camp, No. 356, Sons of Union Veterans, at a dinner at Ft. Friendly, 512 North Illinois street. Speakers will be Lloyd D. Claycombe, attorney, and the Rev. Walter L. King. Dr. G. Bromley Oxnam, De Pauw university president, will speak on “The Manchurian Situation” at the Kiwanis Club at the Claypool Wednesday noon. Speaker for the February meeting of the Indianapolis chapter of the National Associatiort of Cost Accountants Wednesday night at the Spink-Arms will be William Baum, Butler university professor of industrial engineering.

Motion pictures of events in the life of George Washington will be shown at the weekly meeting of the Lions Club at noon Wednesday in the Lincoln. Fred Denny is arranging the program. Three vacancies in United States civil service posts were announced by Henry M. Trimpe. Indianapolis civil service board secretary, today. The openings are for a chief artistic lithographer, senior artistic lithographer and a lithographic pressman. Third Masque Players, dramatic organization of the Third Christian church, will present two one-act eketches in the Y. M. C. A. lobby Wednesday night. The 1932 honorary member of the Community Fund will be named Thursday night at the twelfth annual meeting of the fund at the Claypool. Course in radio service and repair will start Tuesday at the Y. M. C. A. night school. The class meets at 7:30 to 8:30 on Tuesday and Thursday nights. Theory of radio will be taught the first part of the course, according to Hoyt Moore, instructor. Present conditions call for facing the truth ‘‘that the religion of Jesus Christ still has teeth in it,” Bishop James Wise of Topeka. Kan., declared at today's noon Lenten sendee in Christ church. Authorities at Oakland, Cal., today asked Indianapolis police to locate a brother of John Christopher Krause, who died Saturday night in the California city. George H. Chapman Post, Grand Army of the Republic, and allied organizations will present a Lin-coln-Washington program at 1:45 Wednesday afternoon at Ft. Friendly, 512 North Illinois street. Golden Date Passed NOBLESVILLE. Ind., Feb. 15. Mr. and Mrs. Joseph Roe observed their golden wedding anniversary with a dinner at their home. They have one son Jesse. Mrs. Roe. 69. has been an invalid since 1927. Roe is 71. They have spent all of their married life in Hamilton county.

THE INDIANAPOLIS TIMES

PORKERS OPEN WEEK’S TRADE OFFJOCENTS Cattle, Calves Slow and Steady; Sheep Move Higher. Hogs opened the week’s trade at the Union Stockyards this morning steady to 10 cents lower than Friday’s average. The bulk, 140 to 325 pounds, sold for $3.80 to $4.20, : early top holding at $4.20. Receipts ! were estimated at 4,000; holdovers 1 were 156. Cattle opened slow and around | steady. Receipts were 500. Veal- | ers were unchanged at $8 down. Calf receipts numbered 300. Lambs were around 25 cents higher, with the early top holding around $6.40. Some held up from this figure. Receipts were 400. Trade in hogs at Chicago was slow, asking about steady. A few early bids and sales were weak to 10 cents lower than Friday’s average. Good to choice 180 to 220pound weights sold for $4.10 to $4.15. Receipts were 60,000, including 25,000 direct. Holdovers were 2,000. Cattle receipts were 13,000; calves, 2.000; market, strong. Sheep, 20,000, market, 25 cents higher. HOGS ! Feb. Bulk. Early Top. Receipts, i 8. $3.75® 4.25 $4.25 4,000 9. 3.70# 4.15 4.15 4.000 10. 3.85® 4.30 4 30 3.000 11. 3.954/ 4.30 4 30 3,000 12. 3.80® 4.30 4.30 4,000 13. 3.80# 4.30 4.30 1,500 15. 3.80# 4.20 # 4.20 4,000 Receipts. 4,000; market, lower. (140-160) Good and choice....! 4.00® 4.15 —Light Lights—-(l6o-180) Good and choice.... 4.20 —Light Weights—-(lßo-200) Good and choice 4.20 (200-250) Medium and g00d... 4.15 —Medium Weights—-(2oo-250) Good and choice.... 4.05® 4.15 (250-290) Medium and g00d... 3.90@ 4.00 —Heavy Weights—-(2oo-350) Good and choiec... 3.70® 3.90 —Packing Sows—-(3so-500) Medium and g00d... 3.00® 3.50 (100-130) Slaughter pigs .... 3.50® 3.75 CATTLE Receipts, 500; market, steady. Good and choice $ 5.75® 9.50 Common and medium 3.00® 5.75 (1,100-1,800) Good and choice 5.75® 9.50 Common and medium 4.00® 5.75 —Heifers— Good and choice 4.75® 7.00 Common and medium 3.00@ 4.75 —Cows— Good and choice 3.00® 4.00 Medium 2.50®) 3.00 Cull and common 1.25® 2.50 —Bulls (yearlings excluded) Good and choice beefs 2.75® 3.75 Cutter, common and medium.. 1.50® 2.75 CALVES AND VEALERS Receipts, 300; market, steady. —Vealers— Good and choice $ 7.50® 8.00 Medium 5.50® 7.50 Cull and common 3.50® 5.50 —Calves — Good and choice 3.50® 6.00 Common and medium 2.00® 3.50 —Stockers and Feeder Steers— Good and choice 4.00® 5.75 Common and medium 3.00® 4.00 (600-1,500) Good and choice 4.00® 5.75 Common and medium 3.00® 4.00 SHEEP AND LAMBS Receipts, 400; market, higher. Good and choice $ 5.75® 6.50 common and medium 3.50® 5.75 Ewes, mgjjium and choice .... 1.75® 3.00 Cull and common % .75® 1.75 Other Livestock By United Press CHICAGO, Feb. 15.—Hogs—Receipts. 60,000, including 25,000 direct; weak to 10c lower than Friday; 170-210 lbs., [email protected]; lop, $4.15; 220-250 lbs., $3.80®4.05; 260300 lbs., $3.65®3.75; 140-160 lbs., $3.85® 4.10; pigs, $2,754/3.50; packing sows, $3.25®3.40; light lights, 140-160 lbs., good, and choice, $3.80®4.10; light weight, 160200 lbs., good and choice, [email protected]; medium weights, 200-250 lbs., good and choice, $3.75®4.15; heavyweights, 250-350 lbs., good and choice, $3.55®3.85; packing sows, 275-500 lbs., medium and good, $3.25®3.50; slaughter pigs. 100-130 lbs., good and choice, $3®3.75. Cattle—Receipts 13,000; calves, receipts, 2,000; led steers and yearlings strong to 25c higher; weighty steers showing most advance; killing quality plain; mostly ss®7; market with early top at $8.65; other killing classes steady to 25c higher; slaughter cattle and vealers: steers, 600-900 lbs., good and choice, $7®9.75; 900-1100 lbs., good and choice, $7®9.75; 1100-1300 lbs., good and choice. $7.25®9.75: 1300-1500 lbsV,good and choice, [email protected]: 600-1300 lbs., common and medium. $4®7.25; heifers, 550-850 lbs., good and choice, $5.50®7; common and medium. $3.50®5.50; cows, good and choice, [email protected]; common and medium. $2.50®3.25; low cutter and cutter. [email protected]; bulls, yearlings excluded, good and choice beef, $3®3.75; cutter to medium, $2.25®3.35; vealers. milk fed, food and choice, $6.50®8; medium, $5.50® .50: cull and common, $3.50®5.50: Stocker and feeder cattle: steers, 500-1050 lbs , good and choice, [email protected]; common and medium, $3.25®4.50. Sheep—Receipts, 10,000; strong to 25c higher; quality considered; good to choice lambs, $6®6.25; sorted kinds bid $6.50 by city butchers; asking upward to $6.75 and above; slaughter sheep and lambs: lambs 90 lbs. down. food and choice, [email protected]; medium, $4.75® ; all weights common, $4®4.75: ewes, 90150 lbs., medium to choice, [email protected]; all weights cull and common. $1.25® 2.50; feeding iambs, 50-75 lbs., good and choice, [email protected].

By United Press < ! f L^ PA y E TJ E -, Feb - 15 -— Hog market, steady to 10c lower: 160-200 lbs.. S4: 200225 lbs.. $3.90: 225-250 lbs.. $3.85; 250-275 275-300 lbs.. $3.70: 300-325 lbs., f3.60: 140-160 lbs.. $3.75: 120-140 lbs.. $3.50: 100-120 lbs.. $3.25: roughs. $3 down: ton calves, $7: ton lambs. $5.50. By Times Special im LOUISYILI.E. Feb. 15.—Ca ttle—Receipts, CKO active, slaughter classes strong to 25 cents higher, other steady; bulk butcher steers and heifers, $4.50<f?5,65; best cows. [email protected]; bulls, $3 down; bulk light Stockers. [email protected]. Calves —Receipts. &00, steady, best vealers. $6.50@7; medium and out kinds, $5 down. Hogs—Receipts, 1,200 steady; 175-235 pounds, $4.30; 240-295 pounds, $4; 300 pounds un. $3.40: 175 pounds down. $3.90; packing sows, $2.40® 3.15: stags, $2.15. Sheep and lambs—Receipts, lop: steady, best fat lambs, $6.25; buck lamps, $5.25; throwouts, $3.50 down; fat ewes. $2.50 down. Saturday’s shipments: Cattle, 254; calves, 598: hogs, 139; sheep, none. By United Press EAST ST. LOUIS, 111., Feb. 15.—Hogs— Receipts, 13,500; market, steady to 5c lower than Friday’s average; top, $4.15; most 150-220 lbs.. 54<®4.15: 230-260 lbs., [email protected]; 270-325 lbs., [email protected]; 100150 lbs., $3.25@4; sows. [email protected]. Cattle—Receipts. 2.200: calves, receipts 1.000; market, opening slow; largely a steer run; early sales generally steadv; strong on butcher yearlings, and bulls io@lsc higher; a few r steers. [email protected]; better kinds unsold: mixed and heifers largely [email protected]; cows, $2.50@3: low cutters, 51.25fiT.75: top medium bulls, $2.85: good and choice vealers, *B. By United Press CINCINNATI. Feb. 15.—Hogs—Receints. 4.500. including 2.284 direct: held over 280; closing slow, steadv to w r eak: better grade, 160-230 lbs.. $4.35fi4.50: mostly $4.50 on around 220 lbs. down: 240-280 lbs.. $44/ 4.25; 300 lbs.. $3.90: 120-150 lbs.. 53.85fi4: bulk sows. $3: a few’ lightweights, 53.25. Cattle—Receipts. 875: calves. 375; steers and heifers fullv steady to 25c higher: common to medium. [email protected]: one load good weighty heifers. $5.75; some good steers. 56fi6.50: cows slow, barelv steadv: beef cows. [email protected]: low cutters and cutter cows. $1.75fi2.75: bulls unchanged: practical top. $3.50; vealers steadv to 50 cents lower: good and choice. s7.sofiS: lower grades. $7 down. Sheep—Receipts. 200: about steadv: a few better erade lambs. $6 fi'6.so; common and medium. $4®5.75; sheep. $2 down.

BANDITS TURN HOSTILE Holdup Trio Attacks Four Men in South Side Restaurant. Four men in a restaurant at Madison and Southern avenues, were attacked by three bandits Sunday afternoon. Frank Raney, 922 Marion avenue, suffered a fractured nose, and William Oberting. living on Southern avenue, suffered ear cuts. The others attacked were Mathew Gisler, 826 Sanders street, and Clarence Rigger. Oberting came into the place while the fight was in progress and was attacked when he sought to aid the other men.

Tunes Radio Dial Twisters

STATIONS OF THE NATIONAL BROADCASTING COMPANY WEAF Network WJZ Network KDKA 980 KTHS HMO WCFL 970 WMAQ 670 WJZ ho WSAI 1330 CKGW 690 KVOO 1140 WCKY 490 a-WGY 700 . WLS 870 WSB 740 KOA 130 ! KYW 1070 WDAF HO WHAS BSO | SVLW *OO WSM KPRC 970 J WBAL I*Bo WENR *.<* WHO I'Wo WOC 1000 ; WTAM 11’70 KSTP 1100 ' WBAP 800 ' WFAA 380 WJB 730 > WOW 590 WTIC "60 STATIONS OF THE COLUMBIA BROADCASTING SY STEM WABC 660 WBBM 770 WKRC .’•SO WOWO 1160 WCCO 81# > KOII 2l?fl WPG 1100 I WGN 770 WIAU OtO WFIW 940 CKAC 730 t CFRB .460 WBT 1080 i WJJD f 130 KRLD 1040 WFBM 1230 WLAC 1470 KMOX 1000

—7 F. Vi.— KYW (1020)—Congress orchestra. CBS—‘The Bath Club.” NBC (WEAF>— Soconyland sketches. NBC (WJZ)—The Contented program. WMAQ (670)—Concert orj chestra. —7:15 P. M.— 1 CBS—Singin’ Sam. i CBS—Lombardo’s orchestra —7:30 P. M.— KYW (1020)—Centerville sketches. CBS—Kate Smith. NBC (WEAF) Lawrence Tibbett, baritone. NBC (WJZ)—“Death Valley Days.” —7:45 P. M.— CBS—Colonel Stoopnagle & Budd. —8 P. I*. KYW (1020)—Comedv capers. WBBM (770)—Arnheim’s orchestra. CBS—Mills Brothers. CBS—Arabesque. NBC (WEAF) —Gvpsies. NBC i WJZ) Wanderers’ auartet —8:15 P. M.— KYW (1020)—Studio. CBS—Orchestra and Mildred Hunt. —8:30 P. M.— CBS—Evening in Paris. WBBM (770) California tours. NBC (WEAF)—Parade of the States. “New Mexico.'* NBC (WJZ)—The Story of Women’s Names. —8:45 P. M.— WMAQ (670) —Concert orchestra. —9 F. M.— KYW (1020)—Phillip’s flyers. CBS—Lombardo’s orchestra. IVDAF (610) Pickwick family.

WFBM (1200) Indianapolis Indianapolis Power and Light Company MONDAY P. M. s:3o—lndians (CBS). s:4s—Uncle Bob. s:s9—Transcription. 6:oo—Dinner ensemble. 6:ls—Transcription. 6:3o—Automelodies. 6:4s—Downev and Wons (CBS). 7:oo—Bath Club (CBS). 7:ls—Singin’ Sam (CBS). 7:3o—Kate Smith (CBS). 7:4s—Transcription. B:oo—Announced. B:3o—Rotary Club program.

Bright Spots of Business

By United Press NEW YORK, Feb. 15.—Reports from auto centers show bright employment outlook: employment for 8,700 men for three months assured at Packard plant; Hudson production at highest in eighteen months; Graham-Paige employing largest number since June. 1930. and Hupp Shipments in February expected to exceed January total of 1,409 cars. WASHlNGTON—Deliveries of Amercan cotton to British mills during the first half of the current season totaled 1,396,000 bales, an increase of 325,000 bales over a year ago, the department of commerce reported. CHlCAGO—Marquette Cement Manufacturing Company was awarded a contract for 2,500,000 barrels of cement for the Illinois department of public works, delivery to be made during the coming year. PROVIDENCE. R. I.—Cotton manufacturing plants now are running 25 per cent above January levels as a result of sharp bulge in orders, it was reported. DAYTON, O.—Leland Electric Company reported net profit for 1931 totaled $51,596, compared with $45,908 in 1930. PITTSBURGH Owens-Illinois Glass Company reported net earnings for 1931 were $2,744,181, against $2,738,540 in 1930. CHICAGO—Report of Illinois Northern Utilities showed 1931 net income of $1,255,250, compared with $1,188,295 in 1930.

Produce. Markets

Eggs (country run)—Loss off delivered in Indianapolis. He: henerv Quality 13c* No 2 9c Poultry ’ (buying prices)—Hens weighing 5 lbs., or over. 15c: under 5 lbs.. I4c: Leghorn hens. 10s: broilers, full feathered. 3% lbs. or over. 14c: under. 13c; Leghorn broilers. 10c: spring chickens. 5 lbs. and up. 12c: under 11c: old cocks. 7c: ducks, full feathered. 9c: geese. 6c. These prices are for No. 1 too aualitv auoted bv Kingan & Cos. Butter (wholesale)—No. 1. 25@26c: No. 2. 23©24c. Butterfat—2oc. Cheese (wholesale selling price per pound)—America loaf. 23%c; pimento loaf. 25%c: Wisconsin firsts. 19c: Longhorns. 19c: New York limberger. 30c. By United Press CHICAGO. Feb. 15. Eggs—Market, steadv: receipts. 11.054 cases; extra firsts. 14%fiT5Vic: firsts. 1414 c: current receipts, 13%c: seconds. ll%c. Butter—Market, firm; receipts. 10.120 tubs: extras. 2214 c: extra firsts. 21%@22c; firsts. 20%@21c: seconds. 19%(f20c: standards. 2214 c. Poultry— Market, steadv: receints no cars in. 2 due: fowls. 14@17V 2 c: springers, 16©20c; Leghorns. 14c; ducks. 17@20c; geese. 13c; turkevs. 15 @ 20c: roosters. 10c. Cheese— Twins. ll!4@ll%c: young Americas. 124? 12%c. Potatoes —On track. 219: arrivals. 106: shipments 852: market, about steady: Wisconsin Round Whites, 80@85c: Idaho Russets. [email protected]. By United Press NEW YORK, Feb. 15.—Potatoes—Market, steady: Long Island, $1©2.25 bbl.; Southern [email protected] basket; Idaho, [email protected] sack: Bermuda, $4.50fi9 barrel: Maine, $1.50fiT.90 barrel; Canada, $1.40fi;2.50 Sweet Potatoes —Market, steady; Jersey baskets, [email protected]; Southern baskets. 50®65c. Flour—Market, higher: spring patents, $4.4548 4.70. Pork —Market, quiet; mess $16.50. Lard—Market, firmer; Middle West spot, [email protected]. TallowMarket, steady: special to extra, $.02% @ .02%. Dressed Poultry—Market, quiet; turkeys, 18@25c; chicekns, 20@30c: fowls, 10@2ic; broilers. 20@27c; capons. 18@30c; ducks, 12ff716c; Long Island ducks, 17%© 18%c. Live Poultry—Market, dull: geese. ll®15c: fowls, 17@T9c; turkeys. 154730 c; roosters. 12@13c; chickens. 14(@22c broilers. 10@24c; capons, 15fi;30c. Cheese— Market, steady, state whole milk fancy to special ll%@18c; Young America, 12%® 13%c.

Net Changes

By United Press NEW YORK, Feb. 13.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Allied Chemical 77 7% American -Can 69% 7% American Smelting 16% 1% American Telephone 132% 14% Auburn 123% 13% Bethlehem Steel 22% 3% Case 35% 3% Chrysler 13% 3% Consolidated Gas 64% 6 Dupont 57% 5% Electric Power 13% % General Electric '. 24 3% General Motors 23% 1% International Tel 10% 1% Kennecott 11 % Loew Inc 30% 1% NYC 32% 4% North Amn 36 2% Penn a • 22 1% Public Service 58% 6% Radio 8% % Sears Roe buck 34% 2% Standard Gas 31 2% Standard Oil N J 29% 1% Texas Corp 12% 1% Union Carbide • 34% 3% United Corporation 10 1 U S Steel 4S 5% Vanadium 15% 1% Westinghouse Electric 31% 5% Woolworth 44% 3%

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS Now York Stock Exchange Chicago Stock Exchange New fork Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower m Telephone Lincoln 5501

MONDAY I —9 P. M.— NBC (WEAF)— Natl, -adio j forum. WGN (720)—Easv Aces. NBC (WJZ)—With Canada's Mounted.. —9:15 P. M.— WGN (720)—Minstrel show. —9:30 P. M.— CBS—Orchestra and Alex Gray. WDAF (610)—Studio. NBC (WEAR)—Mr. Bones & i Cos. —9:10 P. M.— WGN (720)—Marches. —9:45 P. M.— CBS—Street Singer. WGN (720) Tomorrow's Tribune. WMAQ (670)—Orchestra. —lO P. M.— KDKA (980)—Sports review; entertainers. KYW (1020) —Sports; news. CBS—Bing Crosbv. NBC (WJZ)—Slumber mutic. Amos ’n’ Andy (NBC) WENR, WSB, WDAF. WMAQ, WHAS. WTAM (1070)—Sports; RKO program. —10:15 P. M—KSTP (1460) —Orchestra; vocalists. CBS—Toscha Seidel and concert orchestara. WDAF (610) —Dance program. NBC (WENR)—Quarter hour. WGN (720) Washington drama. WJR (750) —Radio reporter. WMAQ (670) —Dan and Sylvia. —10:30 P. M.— CBS—Cuban orchestra. KDKA (980)—Don Bestor's orchestra. KTW (1020)—Canton orefcesWGY (790)—Miles’ orchestra.

9:00 and Royal Canadians othat satisfies (CBSi. .5;^ 'Friendly philosophy. Bing Crosbv (CBS), in ™ZThi lc^ allro ” m orchestra, in'22 —Sit? colui nnist. V;J" —Biltmore orchestra (CBS). and orchestra (CBS). i9 : no - v^ ss i orchestra (CBS), n.oo Midnight—Musical Rodeo. 12:30—Sign off. WKBF (1400) Indianapolis (Indianapolis Broadcasting. Inc.) P. M. MONDAY Harry Bason. '* *22 —It ate sport news. 4.4s—News flashes. 2:22 Vaughn Cornish. 2 22 —Popular hits. 6:oo—Tade Dolan. 6:3o—War'd dis P atches ' 6:4s—ldeal Girl. 7:3o—ligrfoff. orchestr - WLW (700) Cincinnati P M MONDAY i ' ?2~ Whispering trio. 1:12 —PS Glenn Adams. s : nnZnM le A* orD £ an Annie (NBC). 2:9? —2 ld Man Sunshine. 5 : 3n Th2 r T3„ Bu i SS ?r S dance orchestia. 2;22~? he f?°Z al Vagabonds (NBCi s.4o_Lowell Thomas (NBCi. 5:92— Amos ‘n’ Andv (NBCi. 6.ls—Melodies. sketches. 7 : oo_SmU.n Ed McConnell. ?:22~? e ? rv Busse’s dance orchestra. I:n2z:^ lsters * 0 £ the Skillet. 2'92 —Concert band. q‘42 Mnrv Brown and orchestra, oian S- nadi S!j- Mounted Police <N3Ci 2'22~Sf eer Ellls and band. 9:4s—Time. 9:46—80b Newhall. 10:30—WLW fanfares. 10:59—Time. H —Hcnrv Busse’s dance orchestra. 19'on -da nce orchestra. 12.00 Midnight—Time. A. M. 12:01—Sign off.

Day Programs

WFBM (1200) Indianapolis Indianapolis Power and Light Company , TUESDAY A. M. 7:3o—Records. 9:oo—Women’s hour. 10:00—Health talk. r S, uflr organ. 10:15 to 12—Silent. 12:00 Noon—Farm program. P. M. I:oo—Society reporter. I:ls—Salon orchestra (CBS) o 30—American School of the Air 'CBS) 2:oo—Ann Leaf organ program (CBS). 2:ls—Jerrv and Norm. 2:2s—Transcription. 2:30 —Two Thirty Tunes. 3:00 to s:3o—Silent. WKBF (1400) Indianapolis (Indianapolis Broadcasting. Inc.) . TUESDAY A. M. 6:3o—Cadle tabernacle family prayer period. federation program. 7:3o—World news. B:oo—Breakfast bazaar. B:3o—Household topics. 9:ls—Crystal studio. 9:3o—Hollywood news flashes. 10:00—Louise Spillman. 10:15—Morning music. Dessa Byrd at the organ. 11:00—Harry Bason. IFls—Pre-luncheon music. 11:30—Art and Ogy. P. M. I ? : n2~y a,ter Hickman’s theatrical review. I:oo—Business news. I:ls—Sign off. WLW (700) Cincinnati AM. TUESDAY s:3o—Time. jj:31 —International liddlers. 6:oo—Time. 6:ol—Physical exercises. e Bureau program. 6:30 Time. s:3l—Organ program. S :^5 —Jolly Bill and Jane (NBC). 7:oo—Time. 7:ol—Morning devotions. 7:ls—Phil Cook (NBC). —SS le 9t Bureau program. T.4s—Physical exercises. B:oo—Talent Bureau program. 815—Max of the Netherland Plaza. B:3o—Beautiful thoughts (NBC). 9:oo—Livestock reports. 9:lo —Announcement. 9:ls—Dance orchestra. 9:3o—Colonel Goodbodv (NBC). 9:4s—Mystery chef (NBC) 10:00—Mrs. A. M. Goudiss (NBC). 10:15 —Talent Bureau program. 10.30—Through The Looking Glass \with , Frances Ingram (NBC). 10:45—River reports. ’IQ:S5 —Time signals. 11:00—Tuxedo entertainers. 11:15—Pat Barnes (NBC. 11:30—Jack Albin’s dance orchestra. 11:45—Market reports. 11:49—Radio Digest announcement. 11:50—Livestock reports. 12:00 Noon—National Farm and Home period (NBC). P. M. 12:30—Time. 12:31—Henry Busse's dance orchestra. 1:00—Ohio School of the Air. 2:oo—Pat Harrington, tenor. 2:ls—Plantation davs. 2:3o—Travel talk bv Joseph Rles. "Dublin.” 2:4s—Talent Bureau program. 3:oo—Dance orchestra. 3:3o—Organ matinee recital. Hershcl Lnecke. 3:4s—The chatter.

Fishing the Air

Song stories including ’There’s a Elue Note in Mv Love Song” and "Kis3 Waltz” are to be offered bv Bob Nolan and -is orchestra Mondav at 6:30 o. m.. from WENR and the NBC Chicago studios. “Paradise.” “Two Loves” and an o’o ballad favorite, as vet unselected, will be sung bv Morton Downey during his troad-

—10:30 P. M.— CBS (WGN)—Morton Downi ev. WJR <7so>—Norman White NBC (WENR!—Don Pedro's • orchestra, WMAQ (670)—Dance orchestra: D X Club. —10:45 P. M.— CBS—Cuban orchestra. NBC (WEAF)—Mills oand. WGN (730)—Kassel’s orchestra. WSM (650)—Dance orchestra. —ll P. M.— KYW (1020)—Don Pedro's orchestra. CBS—Bernie's orchestra. WGN (720 —Herbie Kav s orchestra. WGY (790)-Organist. NBC (WENR)—Piano Moods. WMAQ (670)—Via Laco orchestra (3 hours). WTMJ (6201—Dance orchestras. —11:15 P. M.— WBBM (770)—Around the town. NBC (WENR)—Van Steeden’s orchestra. WSM (650)—Tuneful tales. —11:30 P. M.— KSTP (1460)—Organist. KYW (1020)—Agnew's orchestra. CBS—Sissle’s orchestra. WGN (720 * — Moores' and Kays’ orchestras. NBC (WEAF)—CarI Moores’ orchestra. WJR (750)—Hamp's orchestra. —11:45 P. M.— WDAF (610) Nighthawk frolic. —l2 P. M.— KYW (1020)—Russo’s orI chestra jWENR (870i—Hines’ orches- ! tra. —12:30 A M.— KYW (1020)—Congress or- ! chestra. WENR <B7o)—Don Pedro’s orchestra. 1 WTMJ (620)—Organist.

cast over WFBM and the Columbia network Monday, at 6:45 p. m. "The Moth and the Flame" will be the hit of long ago and “I Found You." the present-dav hit to be offered bv Sir.gin’ Sam over WFBM and the Columbia network during his program from 7:15 to 7.30 o m. Monday. The Largo Al Factotum from Rossini’s “Barber of Seville” and "Tramps at S.ra’’ from ‘Cuban Love Song” arc to be fev.urcd bv Lawrence Tibbett. baritone. Monday at 7:30 D. m. over WTAM and NBC network.

HIGH SPOTS OF MONDAY NIGHT’S PROGRAM S:3O—NBC (WEAF)—lnternational broadcast from Geneva. 7:3O—NBC (WEAF)—Death Val-ev davs. NBC (WEAF)—Lawrence T,bbett. B:oo—Columbia—The Mills Brothers B:3O—NBC (WEAF)—Parade of the States “New Mexico." 9:oo—Columbia—Guv Lombardo and Roval Canadians. NBC (WEAF)—National Radio Forum. 9:3o—Columbia—Alexander Grav and Shilkret’s orchestra. NBC (WEAF)—Mr. Bones and Cos., minstrel show, 10:30 NBC (WEAF)—Jesse Crawford, organist.

The melodious Meditation from Massenet’s “Thais" will be played as the violin solo feature in the program of concert music by Harry Horlick over WTAM and an NBC network Monday at 8 p. m. New Mexico is to be honored in the Parade of States program with music descriptive of the state to be presented bv soloists and orchestra, directed by Erno Rapee Monday at 8:30 p. m., over WENR and the NBC network. Guy Lombardo and his Royal Canadians will play Cadman's “At Dawning" as a feature of the broadcast over WFBM and the Columbia network, Monday at 9 p. m. Bing Crosby will offer his own arrangement of "Dancing on the Ceiling” as the opening selection on his program for Monday. which will be presented over WFBM and the- Columbia network from 10 to 10:15 p. m.

Dow-Jones Summary

American Thermos Bottle Company in 1931 earned 35 cents a common share, against sl.ll in 1930. Construction contracts awarded in January in thirty-seven states east of the Rocky mountains totaled $84,798,400, against $227,956,400 in January, 1931, according to F. W. Dodge Corporation. Stocks of crude rubber in London on Feb. 13 totaled 67.824 tons, an increase of 414 over preceding week; Liverpool stocks 59.874, an increase of 719. Corporation Securities Company of Chicago and subsidiaries for year ended Dec. 31, 1931, reports net income of $2,569,370 after expenses, interest and taxes, against $8,006,804 for 1930; earned surplus at end of 1931 amounted to $3,978,504, compared with $4,492,604 at close of 1930. Phamphlet report of Stewart Warner Corporation and subsidiaries for year ended Dec. 31, 1931, shows net loss of’sl.830.171 after charges and depreciation; this is same as in preliminary statement and compares with net profit of $1,262,278 after all charges and writing down book values of investments eaual to 97 cents a share on 1.290,598 shares of capital stock outstanding. Standard Cap and Steel Corporation in year ended Dec. 31, 1931, net profit amounted to $618,366 after charges and federal taxes, equal to $3.15 a share on 206,000 shares, against $709,497, or $3.41 a share in 1930: current assets as of Dee. 31, 1931, including $315,917 cash amounted to $1,194,685 and current liabilities $185,407. New York cables opened in London at l £ a ? ls - „„ checks - 87.75; Amsterdam. 8.5d5; Italy. 66.625, and Berlin, 14.562. New York. Chicago At St. Louis railway placed orders for more than 19.000 tons of steel rails for 1932 requirements. Columbia Gas and Electric in 1931 ?? r " ed S, 1 - 42 a common share, against $1.76 in 1930. McKeesport Tin Plate Company in 1931 earned $6.51 a share, against $8.34 in 1930. Jewel Tea in four weeks ended Jan. 30. reported sales amounting to $899 926 against $1,066,913 in like 1930 period. Adolf Gobel in twelve weeks ended Jan. 23, reported net loss of $19,086, after charges, net loss of $164,612 in like period of year ago. Crude oil output in past week in California averaged 500.1000 barrels daily, an week** 6 barrels over preesding . Westmoreland Coal Company in 1931 snowed net loss of $7,315 after all charges against net profit of $270,967 in 1930‘ Westmoreland, Inc., in 1931 earned $1.26 a share, against $1.50 in 1930. St. Louis Southwestern railway in first week of February reported gross'at $240,500. against $341,113 in like week of 1931son' 1 t 0 J., Sr°ss amounted to $1,365,300, agaist $1,736,996. *,^.? IType 1Type ; writer Company in 1931 *J r i] e( ! a com mon share, against in 1930. Leland Electric Company in 1931 1930 ed 5134 * shsre ’ a * ainst $1.15 in - d States Gypsum Company and subsidiaries in year ended Dec. 31. 1931 ooLPJOfIt amounted to $3,563,143 after depreciation, federal taxes, etc., equal prered dividends of $2.48 a share on 1,217 - 472 common shares outstanding; this comonri S qlogoff® s ' 4oß-685 n i? t- or ® 4 - 51 a s^a re on 1,212.598 common shares in 1930.

Births Girls bo?* BrenCe an< * Lenora Bra hson. 1812 TaPenn r svh-ania d RUth DoWnev ’ 2320 Aouth hostfita'* and Ethel Watterson ' Coleman Glenn and Catherine Fateley. St Vincent’s hospital. Ph.vllip and Winifred Williams. St. Vincent’s hospital. Wa.vne and Lois Ray. 2010 North La Sa’le John and Lucille Vestal. 1110 North La sane. Bovs David and Helen Morton. Coleman hospital. Earl and Edna Boles. Coleman hospital. Alfred and Elizabeth Franklin. 821 North Goodlet, Deaths cIM nephritis?' 67 ‘ 2026 West Morrls ’ Susan Van Treese. 74. 5306 Lowel. iebar nneumonia. Glenna F. Wilkens. 15. Riley hospital, brain tumor. George H. Brown. 69 257 North Elder, chronic myocarditis. Horacana Ann Linder. 87. 2147 Nortß Delaware, cerebral hemorrhage. Samuel Howard Cooper. 47. 1050 Garfield Drive, cerebral abscess. Sylvester Grant Baker. 67. 2534 North Gale. hvDOStatic pneumonia. Mav Rvan. 43. 5754 Rawls Ave.. chronic mvocarditis. Dale Rvan. 53. 5734 Rawls Ave.. chronic myocarditis. Mary Snow. 64. 715 East Michigan, chronic myocarditis. Polly A. Teague. 84. 341 North East, bronchial pneumonia.

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PAGE 11

GRAINS DISPLAY UNEVEN TREND IN QUIETDEALS Early Profit-Taking Holds Futures to Narrow Range. BY' HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Feb. 15.—Uncertainty in stocks offset the exceptional strength abroad as wheat opened on the Board of Trade today and prices wavered uncertainly at the start. There was an accumulation of profit-taking and selling orders in the pit, gathered over the weekend and the disposition on the part of the trade again was to move cautiously. Liverpool was strong on the bullish statistics and sustained demand, but did not hold the best prices. Corn was irregular with wheat, as was oats. Sentiment Brightens Up At the opening wheat was % cent lower to % cent higher; corn was % cent off to % cent higher, and oats cent lower to H cent higher. Provisions were easy. Liverpool was much higher than expected and by mid-afternoon had advanced 1% to 1% cents. Many grain operators feel that wheat is out of its rut and that from now on things will be more normal. The action of the stock market and the large export business for the past few days have been the chief factors. The situation in rhe winter wheat belt is becoming more of a factor and is getting close attention. Corn Trices on Upgrade

While corn has failed to fully reflect the strength in wheat, the market has made good advances and shorts have covered freely. At the same time, offerings from the country have been rather small, producers seemingly hoping for higher prices. Oats has moved sympathetically with the other grains. As In the major pits, trading has had a material increase. The cash demand has made a definite improvement. Chicago Grain Range WHEAT— ~ FCb ’ 15 ~ Prrv , Hieh. Lev. 11:00 clos?. March 57% .57% .57% .58% M?V 61 .60% .60% 31 •2 ulv . 61% .61% .81% .61% Seotcmber ... .63%, .62% .63% 63% CORN— March 37% .37% .37% .77% Mpv 40% .*O% .40% Al% July 43% .42*, .42% .43% September ... .44% .43% .43% 44% OATS— March 2431 M av 26 .25*, .25% 26% July 26 .25% .25% 25% September 26 .25% 25% '25% RYE— Mav 47 .46% 46% 47% JulV 48% .47V* .47% %3% September 49% LARD— March 5.05 5 10 Mav 5.17 5.25 July 5.35 5 12 September ... 5.55 5.52 5.52 By Times Spceial CHICAGO. Feb. 15.—Carlots; Wheat, 39; corn, 161; oats. 56: rye. 2. and barley, 14. By Times Special .CHICAGO, Feb. 13. —Primary receipts: Wheat. 1.372.000 aqainst 1.169.000: corn. 662.000 azainst 1.042.000: oats. 407.000 aeainst 255.000. Shipments—Wheat. 720.000 azainst 457.000: corn. 160.000 azainc-t 489.000: oats. 122.000 azainst 450.000. By United Press CHICAGO. Feb. 13.—Cash grain close: Wheat—No. 2 yellow hard. 58%c; No. 3 yellow hard. 57%®58%c. Corn—No. 3 mixed, 35®35%c; No. 4 mixed, 34%c; restricted. 33%c: No. 2 vellow. 39c (old); No. 3 yellow, 35®36c; No. 4 vellow. 34% ® 3%c; (restricted). 33%c; No. '5 yellow. 34c; No. 3 white. 36'4c: No. 4 white, 34%e. Oats—No. 2 mixed. 24c: No. 2 white. 25 %® 25%c: No. 3 white, 24%@25%e; No. 4 white. 24c. Rye—No sales. Bariev —424/; 14*50 Tunoth -' —$3.50® 3.75. Clover—sß® By United Press 4 TOLEDO. Feb. 13.—Close: Grain in elevators. transit billing. Wheat—No. 2 red 59®60c. Corn—No. 2 yellow, 37® 38c. Oats —No. 2 white. 26%@27%c. Rye—No. 2. 45 ®46c Track prices 28%c rate. WheatNo. 2 red. 57®57%c: No. 1 red, lc premium; No. 3 red, % to 3 cents discount: No. 4 red. 3®sc discount. Corn—No. 2 yellow. 34%®35c: No. 3 yellow. 32%®33%c; No 4 yellow, 304/31 %c. Oats—No. 2 white, 2a®26c; No. 3 white. 23%®25c. CloverPrime. $8.75: February. $8.75; March. $8.90. Alsyke—Cash. $8.75; February. 8 75: March. 8.90. Butter—Fancy creamery. 23 4726 c. Eggs—Extras. 14%®15c. Hay Timothy, per cwt, 80c.

In the Cotton Markets

—Feb. 13— „ . High. Low. Close. March 5 88 6 80 6.88 May 7.07 6.98 7.06 July 7 22 7.16 7.22 October 7.38 7.33 7.38 NEW YORK High. Low. Close January 7.57 7.51 7.55 March 6.77 6.71 6.71 Mav 6.97 6.89 6.91 Julv 7 12 7.06 7 07 C-tober 7.34 7 28 7 30 December 7.51 7.44 7.46 NEW ORLEANS High. Low. Close. January 7.53 7 47 7.47 March 6.78 6.71 6.75 May 6.95 6.89 6.92 July 7.11 7.06 7.08 October 7.29 7.22 7.26 December 7.47 7.40 7 41

Local Wagon Wheat

Cltv grain elevators are paving 43c for No. 2 red wheat- and 48c for No. 2 hard wheat. New York Liberty Bonds —Feb. 13— 3%s 94.14 Ist 4Vi a 98.90 4th 4Vis 99.70 Treasury 4Vis 100.10 Treasury 4s 96.20 Treasury. 3%s 92.25 Treasury, 3%s of ’47 91,20 Treasury 3%s of ’43 'March) 92.16