Indianapolis Times, Volume 44, Number 164, Indianapolis, Marion County, 18 November 1932 — Page 24

PAGE 24

STOCKS EXHIBIT WEAK TONE IN NARROWRAN6E Ust Irregular With Small 4 Gains, Losses About Even.

Average Stock Prices

Aver* (re of thirty industrial* for Thursday, high 63 83 low 82 18. last 62 29. off ;35. Average of twenty rail*. 28 35, 27 52. 27 TO, off 47. Average of twenty utilities. 28 45 27.80, 28 09, off .06. Average of forty bond*. 78 59. off .16. BY ELMER C. WALZER United Prea* Financial Editor NEW YORK. Nov. 18.—Stocks Jlluctuated irregularly in a narrow range at the opening of the New .Yor Stock Exchange today. Steel common was up !i at 35 %, %hile the preferred lost a point to *72. American Telephone rose % to 108 and American Can % to 54. Railroad issues were firmer. Trading was light. Small gains were noted in Case, Dupont, Commercial Solvents, Anaconda Copper, North American, Lorilllard; United States Industrial Alcohol, Union Pacific, New York Central and Pennsylvania railroad. During the early trading a firmer tendency was noted in Chrysler, American Telephone, Case and other leaders. Volume continued small. Before the opening here, London reported another break in sterling which had an adverse effect on giltedged bonds. Sterling firmed up more than a cent in New York to $3.29%, following a break of nearly 3 cents Thursday. Londoners feared that in the event the American government would insist on full payment of the Dec. 15 war debt installment, the equalisation fund would be depleted and the pound sterling thus placed in a precarious position.

Bank Clearings

INDIANAPOLIS STATEMENT f —Nov. 18 - Clearing* *2,323,000.00 Debits 4.489,000.00 TREASURY STATEMENT —Nov. 17Net balance for Nov. 15 *660 651,192 85 Expenditures 7,458,108 46 Customs rect. month to date 13.425,105.35

Foreign Exchange

(By Abbott. Hoppin & Cos.) —Nev. 18Open. Sterling, England : $3.29% Franc. France 0391% Lira. Italy 0512 Franc, Belgium 1387 Mark, Germany 2378 Guilder, Holland 4015 Peseta. Spain 0816 Krone, Norway 1675 Krone. Denmark 1710 Yen, Japan 2019

Chicago Fruit

Ay United Press CHICAGO, Nov. 18.—Apples- Michigan Delicious bushel, $1.25; Mclntosh bushel, $1.25; Jonathans bushel, $1.25; Spies bushel, $1.25; Greenings bushel, SIQ 1.10. POLICE ROUT MINERS Tear Gas Used in Clash at Illinois Shaft. flii United Press SPRINGFIELD, 111., Nov. 18.— State police and “striking” miners clashed again today at the Cora mine of the Peabody Coal Company, fourteen miles north of here, and again the officers drove away the pickets with tear gas. Forced off the highways by the gas attack, pickets stood on snow banks in corn fields and jerred and booed at men who, protected by the state police and deputy sheriffs, went to the mine to work. Seven pickets were arrested. GOLD STANDARD SCARE OF HOOVER ATTACKED Economist Says Nation Has Been in No Danger in 36 Years. By Soripps-Uotcard Xetc*paper Alliance WASHINGTON, Nov. 18.—President Hoover’s statement that the United States w-as within two weeks of being forced off the gold standard by foreign pressure and the domestic crisis is resoundingly refuted by Dr. Benjamin M. Anderson. ecoomist of the Chase National bank, of New York. Dr. Anderson states in the Chase Economic Bulletin, just out, ”our gold standard has not been in danger for thirty-six years,” and this year less than on several occasions preceding the depression. "Our gold position through the whole of this trouble,” he asserts, "remained stronger than it was in 1928 or 1929, and far stronger than it was in 1920 or even in 1919.” PREACHER IS FARMER Harvest Crop From 10,000 Sweet Potato Plants. By United Press NEMAHA, Neb., Nov. 18.—Rev. A. L. Embree has tw r o jobs—preaching and growing a garden. He is now harvesting a crop from 10,000 sweet potato plants he set out last spring. Births Joseph and Margaret Kirk. St. Vincent s hospital. Bvford and Alice Wilaon. St. Vincent's hospital. Ade and Alma Stvlea. St. Vtncent's hospital. Ralph and Esther Fltsater. Coleman hospital. Richard and Helen Geisendorff. Coleman hospital. Clarence and Blanche Too os. 530 Lowell. Euless and Thurbv Eldridge. 326 North La Salle. Howard and Naomi Shirrell. Coleman hospital. Bovs Marion and Romena Elder. Bt. Vincent's hospital. Hardin and Elsie Champion. 118 South 'Elder. Paul and Ethel Wilkins. Coleman hosHarrv and Lula Orav. 570 Lvnn. Ralph and Elnor Wiwi. 1027 South Hervev. Alphonse and Rosalin Schmidlin. 1232 North DeQuincv. Earl and Ruhr Busbv. Coleman hospital. Stanley and Irene Hardin. Coleman hospital. Evan and Helen Meulen. Coleman hospital. Robert amd Dorothv Kruse. St. Vincent's hospital. Twins . Donald and Dorothv Bose. St. Vincent's hospital, bovs. Deaths Clvde H. Pierce. 53. 3702 Brill Road, aenineltls. Millard IVatsop. 84. 1001 West New York. Chronic nephritis. Cvrenius Moulton. 70. city hospital, general peritonitis Annette Madden. 6. St Vincent s hospital. tuberculous meningitis. Betty Lou Sherman 2 mo.. 1413 West Henrv. broncho pneu; onla. Katie Thompson. 58. city hospital pernicious anemia. Michael A. Rvan. 72. 2266 North Meridan. coronary thrombosis. Josephine Byroad. 65. 1218 Linden, cerebral aponlenr, • Bettv Case, U. Riley hospital. Bant: s

New York Stocks " <B* Thomson * McKinnon)" “

—Nov. 18— Prev. Railroad*— High. Low. 11:00 close. Atchison 43 1 42% 43' 41-* Atl Coast Line 19% 19% Balt & Ohio ..... ... Chesa Si Ohio.. 24'* 23% 23% 24 Chesa Corp Jj% }*’• Can Pac 13% 13% 13% 13% Chi Ort West 3 ... Chi N West % Del L& W ... 28*. 28 28*. 27V. Dei & Hudson ... 60 Erie .. .• • •' • .■ • Oreat Northern. 10% 10*4 10% 10% Illinois Central 14% 14% Lou & Nash I#% M. K A T % 6% Mo Pacific 4% Mo Pacific pfd 7% 7% N Y Central . . 24 23% 24 23% Nickel Plate -3 NY NH Si H 15 14% 15* 14% Nor Pacific 13 Norfolk A West 105 O A W .. 7-a Pennsylvania .. 14% 14 14 13-% So Pacific 19% 18% 19% 19, Southern Ry ... 7-*% 'IV* St Paul St Paul pfd 3% St L A 8F lVa 1% Union Pacific ... 71% 70% 71% 70 Wabash 2 W Maryland , 6% West Pacific ...* 1% Equipment*— Am Car A Fdy 8% ... Oen Am Tank f6% Oeneral Elec ... 16% 16% 16% 16% Oen Ry Signal 14 Poor ACo 3 Pullman 19% Westlngh Ar B . .. 13% Westtngh Elec .. 29% 28% 29% 28 Goodrich 5% Goodyear 18% 16% Kelly Sprgfld 1% Lee Rubber ... 5% ... U 8 Rubber 5% 5% Motors— Auburn 46 44*4 46 45 Chrysler 16 15% 16 15% General Motors.. 14% 13% 14% 13% Graham Paige 2% 2% Hudson 5% Hupp 2% Macic 22 Marmon 1% ... Nash 13% 13% Packard 2% 2% Reo 2% 2 >4 2% 2% Studebaker ... ... 5 Yellow Truck 4 Motor Access— Bendlx Aviation 10% 10% Borg Warner... 9% 9*4 9% 9 Briggs 5% Buaa Wheel 2% Campbell Wy ... 4% El Auto Lite ~ . 19% 18% 19% 18% Hayes Body 2 Murray Body 3% Sparks W 1% Tlmkin Roll ... 14',4 14 14 14% Mining Am Metals 5% ... Am Smelt ... 16 15% 16 15% Am Zinc 3% Anaconda Cop.. 9% 9% 9% 5% Alaska Jun 12% 12% 12% 12% Cal A Hecla ... 3% 3% Cerro de Pasco 8 8% Dome Mines 11% 11% Freeport Texas.. 26% 26 26% 26 Int Nickel 8% 8% Inspiration 3% Kennecott Cop.. 11% 11% 11% 11% Nev Cons 5% ... Noranda 17% 17% Texas Gul Sul.. 23% 23% 23% • 23*4 U S Smelt 15% ... Oils— Amerada ... 20 ... Atl Refining ... 16% 16% Bamsdall 4% 4% Houston 3% Indian Refining 2 Sbd Oil 17% 17 17 17 Mid Conti 5% ... Ohio Oil 7% Phillips 6 5% Pure Oil 4 Royal Dutch 18% Shell Un 6; ... Cons Oil 6% 6% Standard of Cal 26% 26% 26% 26 Standard of N J 31% 31 31% 31 Soc Vac ... 8% 8% Texas Cos 15% 15 15% 15 Steels— Am Roll Mills.. 10% 10% 10% 10% Bethlehem 17% 17% Byers AM 16 16 Colo Fuel 6% Ludlum 6% McKeesport Tin 47% 46% Midland 6% ... Repub lAS 7% 7% U S Steel 38% 35% 36% 35% Tobaccos— Am Tob IAI Nek .. ... ... 63 Am Tob 181 New- 66% 66% 66% 66% Llg A Myers B 55% Lorillard 13% 13% 13% 13% Reynolds Tob.. 29% 28% 29 29% United Cig ... % tilities— Adams Exp 6% 6 Am For Pwr 7% 7** Am Pwr A Li 8% A T A T 109 107% 109 107% Col Gas AEI 13% 13% Com A Sou 33 Cons Gas 58% 57% 58% 57 7 /a El Pwr A Li 8% 7% 8 8 Gen Gas A 1% Inti TAT 10 9% 16 9% Natl Pwr ALi . . 14% _ 14% 14% 14% No Amer Cos 29% 29 29% 28% Pac Gas A E 1... 27% 27% 27% * 27% Pub Ser N J ... 50% 49% 50'% 49 So Cal Edison 25% 25% Std GA El 16% 16% United Corp 8% 8% 8% 8% n Gas Imp 18% 18% 18% 18% Ut Pw-r ALA 4% .. West Union ... 32 31 32 3i% Shipping— Am Inti Corp .. 8 7% 8 7% Inti Mer M pfd. .. ... ... „ 2 United Fruit 23 * 23 Foods— Am Sug 25% Armour A 1% Beechnut Pkg .... ... . 43 Cal Pkg a Can Dry 1034 Childs Cos .. . 4 4 Coca Cola 82 803% 82 80% Corn Prod 53% 52% 53% 51% Crm Wheat 24% 24% Cudahy Pkg 28 Cuban Am Sug 2 1% Gen Foods 26% 25% 26% 25% Kroger 15% 15% Nat Biscuit 39% 39% 39% 39’• Natl Dairy .... 19% 18% 19 18% Puritv Bak 8% Safeway St ... ... 5114 Std Brands 15% 15% 15% 15% Drugs— Cotv Inc ... 3% 334 Drug Inc 34*4 34% 34<4 34% Lehn & Fink..- 16% Industrials— Am Radiator 7*4 7% 7% 7% Otis Elev ... 12

Investment Trust Shares

(By Abbott. Hoppin & Cos.) PRICES ARE TO 12 NOON C. S. T. —Nov. 18Bid. Ask. Am Founders Corp com 1.25 1.75 Amer and Gen Sec (A) 2.00 6.00 Am lnv Tr shares 1.25 1/16 Basic Industry shares 2.00 Collateral Trustee shares (A).. 3.00 3.12 Corporate Trust new 1.73 *1.90 Cumulative Trust shares 2.80 2.90 Diversified Trustee shares (A). 7.50 8.00 Fixed Trust Oil shares (A) ... 6.37 6.75 Fixed Trust Oil shares i8)... 5.12 5.37 Fundamental Trust shares iA) 3.00 3.57 Fundamental Trust shares (B) 3.12 3.50 Leaders oi Industry (A) 2.37 2.62 Low Priced shares 3.00 3.25 Mass lnv Trust shares 14.50 16.C0 Nation Wide Securities 2.60 2.70 North American Tr shares (53) 1.80 1.87 Selected Cumulative shares 5.37 5.75 Selected Income shares 2.75 3.12 Shawmut Bank lnv Trust 3.00 Std Amer Trust shares 2.50 . . Super Corp of Am Tr shares 2.40 2.50 Trustee Std Oil (A) 3.37 Trustee std Oil (B> 3.37 3.75 U S Elec Light & Power (A). 14.00 14.50 Universal Trust shares 2.13 2.18

- THIS CURIOUS WORLD -

THE WOOD /r yfi* AUSPICES' fir ' \''\jrjp COMES FROM THE / /m''3KL LATIN * 11% fX: / 3p\\ >lWf. A BIRD, [ X'l x tf / : and SPtCEQE I jl TO LOOK AT/ \ " / Imm*o j( * V,- #y ANcieivirj CONSULTED THE£//?Af FOR THE PURPOSE OF foretelling •fa the outcome of all important UNDERTAKINGS*. |iM LAU/Q£NC€ If Jr TI66ETT S : Mw w IlVlkji FILM ACTOR AND .‘s' B M IHHr GRAND OPERA STAR./ , jJ Kg. V REPEATS THE WORD ■ jfl >#fc£ 1 1 W "BLAH" W$ I* AS A RELAXATION FOR. U jFTj v HIS VOCAL TUBES AND /MJ? \ muscles. *■ w[ r j/gjj^ B 'Mi > wt> stwvtcc Kc v Ml there are jfooa o<x> ooa ooq cxx? ■/w TONS V jj&WC* IN THE WORLD/ ■Hu 7* //•/ T , W S •

Ulen 1% Indus t hem*— AJf, Red 55 51 51 54% Allied Chem 79% 77% 79 77% Com Bolv 10 9% 10 9% Dupont 37% 38% 37% 36 Union Carb 26 25% 26 25% U J „ Aico • ** 27% 28 27% Retail Stores— Kresge 8 S 11% 11 May D Store i*% Mont Ward 13% 13% 13% 13% Penny J C 23% 23% 23% 23% Se Roe 20% 19% 20% 20 Woolworth 38 37% 38 37% Amusement*— Crosley Radio 314 Eastman Kod... 54% 54 54 % 53% Fox Film A ... 33 Grigsby Orunow. . . .. . . 114 Loews Inc 27% 26% 27% 26% Param Fam 3% 3% 3% 3% Radio Corp .... 7% 7 714 7 R K 0 4% 4 Warner Bros 2% 2 Miscellaneous— Congoleum B’4 Proc A Gam 31% 31 31% 30% Amer Can 54% 53% 54% 53% •J I Case 43% 42% 43% 42% Cont Can 36% 36 36% 36 Curtiss Wr 2 2 Gillette S R 18 17%' 17% 17% Gold Dust 16% 16% 16% 16% Int Harv 23% 22 23% 22% Int Bus M 93 Real 811 k 6% 6% 6% 6% Un Aircraft 27% 26% 27% 26% Transamerlca ... 5' 2 5% 5% 5% New York Curb (By Thomson A McKinnon) Nov. 18— 11:001 11:00 Am Cynamid .. 4%!Hudson Bay .. 3% Am Gas A Elec 27 Imp Oil of Can 8 Am Super Pwr. 4% Midwest Util.... % Ark Gas (A).. 2%:Nat Invest .... 3% Asso Gas A El. 2% Nia Hud Pwr... 15% Can Marconi... 1% Salt Creek 4% Cent Sts Elec. 2% Std of Ind 23% Cities Service 3% Trans Air Trans 3% Cord 4% United G (new) 2 Elec Bd A Sh. 23 Un Fndrs 1% Great A A P . 156 I New York Bank Stocks IBy Thomson A McKinnon) • —NOV. 17— %Bid. Ask. Bankers 67 69 Brooklyn Trust 168 183 Central Hanvore 137 141 . Chase National 4,.. 35% 37% Chemical 35% 37% City National 44% 46% Con Exchange 70 73 Commercial 165 175 Continental 18 20 Empire 25% 27% First National 1,595 1,645 Guaranty 309 314 Irving 24% 26% Manhattan A Cos 30% 32% Manufacturers 28 30 New York Trust 94Vi 97% Public 28% 30% New York Liberty Bonds —Nov. 17Liberty 3%s ’47 101.26 Liberty Ist 4%s ’47 102.9 Liberty 4th 4%s ’3B 103 17 Treasury 4%s ’52 108.1 Treasury 4s '54 104 1 Treasury 3%s '56 102.8 Treasury 3%s '47 100.25 Treasury 3%s '43 iMarch) 101.5 Treasury 3%s ’43 (June) 101.5 Treasury 3%s '49 98.1 Treasury 3s '55 96 25

The City in Brief

SATURDAY EVENTS Alliance Francaise, luncheon, Washington. Degree staff of Fidelity Rebekah lodge No. 227, will present a benefit card party at the hall, 1609% Prospect street, Saturday night at 8:30. Professor William Estet, psychologist, who is in Indianapolis in connection with establishment of a Super-Mind Science church, will lecture tonight at 108 Monument Circle on •‘Mahatma Gandhi as I Knew Him.” Estet spent seven years in India.

FAITH IS LOST IN ‘SUPERMEN’ Europe Draws Moral from Kreuger, Insull Crashes. Bn United Press LONDON, Nov. 18.—Europe is learning to regret the faith which it has placed so implicitly in business supermen. The story of Samuel Insull, following closely upon the Ivar Kreuger collapse, from grace of Lord Kylsant and a dozen other episodes has sharpened the disillusionment of millions in industrial giants whose feet have turned to clay. Insult's career, the crumbling of his enterprises and his journey to Greece have been followed with as much interest on this side of the Atlantic as in the United States. And, with few exceptions, the lessons and observations drawn his story were the same as those drawn in the case of Kreuger, of Kylsant and the others. Liberal and labor opinion, in particular, feel that the economic storm has served to deflate, perhaps forever, the legend of the supermen in business. So prevalent was smallpox in the eighteenth century that a French physician said one-fourth of mankind either was killed by it or crippled or disfigured for life.”

THE INDIANAPOLIS TIMES

HEAVY SUPPLY FORGES SWINE PRICESLOWER Slaughter Classes Dull in Cattle Trade; Trend Is Weak. Hogs dipped 10 to 25 cents this morning at the city yards, heavy receipts adding to the weaker tone in evidence Thursday. The bulk, 100 to 300 pounds, sold for $3.25 to $3.55. Top price was $3.55. Receipts were estimated at 10,000. Holdovers were 868. Sentiment was lower in a dull trade in the cattle market. Receipts were 600. Vealers were down 50 cents in a range from $6 to lower. Calf receipts were 400. Lambs were weak to a quarter off with a top of $5.50. Receipts were 1,000. Early sales on hogs at Chicago were weak, with underweights declining from 15 .to 25 cents under Thursday’s average. Bids on heavier weights moved off 10 to 20 cents from the previous figures. The bulk of good to choice kinds scaling 140 to 160 pounds, sold at $3.50, while 180 to 240 pound weights were bid in at $3.35 to $3.40. Receipts were estimated at 22,000, including 8,000 direct; holdovers, 4,000. Cattle receipts numbered 1,500; calves, 600; market steady. Sheep receipts were 8,000; market steady to 25 cents higher. HOGS , Nov Bulk. Top. Receipts 12. $3.55© 3.75 $3.80 3,000 14 3.40© 5.60 3.60 8.500 15’. 3.25© 3.45 3.45 8,000 16. 3.55© 3.75 3.75 2.000 17. 3.45© 3.65 3.70 7 500 18. 3.25® 3.55 3.55 10,000 Receipts, 10,000; market, lower. (140-160) Good and choice ...$ 3.50® 3.55 —Light Lights—-(l6o-180) Good and choice 3.50® 3.55 —Light Weights-(lßo-200) Good and choice 3.45© 3.50 (200-220) Medium and g00d... 3.35® 3.40 —Medium Weights—--1226-250) Medium and good.. 3.30© 3.40 )250-290i Good and choice.... 3.25® 3.30 —Heavy Weights—-(29o-350) Good and choice... 3.15® 3.25 —Packing Sows—-<3so-500) Medium and g00d... 2.25® 3.00 (100-120) Slaughter pigs 3.50® 3.55 CATTLE Receipts, 609; market, steady.' Good and choice $ 6.00® 8.00 Common and medium 3.00@ 6.00 (1.000-1,800) Good and choice 6.00® 8.00 Common and medium 4.50® 6.00 —Heifers— Good and choice 5.00® 7.00 Common and medium 2.50® 5.00 Cows— Good and choice 3.00® 3.75 Common and medium 2.25® 3.00 Low Cjutter and cutter cows... I.oo® 2.25 —Bulls (Yearlings Excluded) — Good and choice beef 2.75® 2.50 Cutter, common and medium 1.50® 2.75 CALVES AND VEALERS 3 Receipts, 400; market, lower. Good and choice $5.50® 6.00 Medium 3.50© 5.50 Cull and common 2.00® 3.50 —Calves— Good and choice 4.25® 5.50 Common and medium 2.00® 4.25 —Stocker and Feeder Steers— Good and choice 4.75® 6.00 Common and medium 2.50® 4.75 (600-1.500) Good and choice 4.75® 6.00 Common and medium 2.50® 4.75 SHEEP AND LAMBS Receipts, 1,000; market, lower. Good and choice $ 5.00® 5.50 Common ana medium 3.00© 5.00 Ewes, medium and choice 1.25® 2.25 Cull and common 50® 1.25 Other Livestock BY UNITED PRESS CHICAGO. Nov. 18.—Hogs—Receipts. 22.000, including 8,000 direct; 10f<;20c lower; 150-170 lbs., $3.45®3.50; top, $3.55; 180-280 lbs., $3.356,3.40; few, $3.45; 290-300 lbs., $3.30; few pigs, $3.253.60; packing sows, $2.75®3; few to $3.15; light lights, 140160 lbs., good and choice, [email protected]; light weight, 1 bO-200 lbs., good and choice, $3.35 ©3.55; medium weights. 200-250 lbs. good and choice. $3.35©3.45; heavy weights. 250350 lbs., good and choice, $3.1563.40; packing sows, 275-500 lbs., medium and good, [email protected]; slaughter pigs, 100-130 lbs., good and choice, $3.25©3.75. Cattle — Receipts, 1.500; calves, 600; fed steers and yearlings also butcher she stock about steady at week's sharp downturn; bulls weak; vealers weak to 25c lower;; prime 1,327 lbs., bed steers, $8.10; week’s top; slaughter, cattle and vealers: steers 600-900 lbs., good and choice, $5.7547 7.50; 900-1,100 lbs., good and choice. $5.7568.00; 1,3001,500 lbs., good and choice, $5.75® 8; 6001,300 lbs., common and medium. $3.50© 5.75; heifers, 550-850 lbs., good and choice. $5.25@7; common and medium, $3©5.25; cows, good and choice, $3@)4.25; common and medium. $2.25©3; low cutter and cutter. $1.506.2.25, bulls (yearlings excluded). good and choice ibeefi, $3.25© 4.25; cutter to medium, [email protected]; vealers (milk fed), good and choice. s4© 5.50; medium, $364; cull and common. $2 ©3; stocker and feeder cattle:Steers. 5001,050 lbs., good and choice, $4.50®6.50; common and medium. $3.25®4.50. Sheep— Receipts, 8.000; all classes strong, buyers resisting higher asking prices; desirable native lambs. $5.25©5.50, few $5.75. best held higher; around 115 lbs., fed native ewes. $2.65 to small kilers; slaughter sheep and lambs; lambs 90 lbs. down, good and choice, $5.25®5.75; medium, $4.25415.25: all weights common, $3.5064,25: ewes, 90150 lbs., medium to choice, $1.2562.75; all weights cull and common. 75c4i2; feeding lambs, 50-75 lbs., good and choice, $4.75® 5.35. LAFAYETTE. Nov. 18.—Hogs—Receipts, 15©20c off: 160-200 lbs. *3.3063.35; 200250 lbs.. $3.20© 3.25; 250-300 lbs.. $3,104, 3.15; 300-325 lbs.. $3; 100-160 lbs., $34,3.25; roughs. $2.50 down; top calves, $5; top lames. $4.50. TOLEDO. Nov. 18.—Hogs—Receipts, 700; market. 35c lower; havy yorkers, $3.30® 3.40; mixed. $3.3063.40: bulk, $3.3063.40; pigs, $3.25: lights. $3.25; roughs. $2.25® 2.50. Cattle—Receipts. 250; market, slow. Calves—Receipts, light; market, strong. Sheep and lambs—Receipts, light; market, 25c lower. EAST ST. LOUIS, Nov. 18.—Hogs—Receipts, 8.500; market, slow: generaly 15c lower; early sales. 150-230 ltos.. $3.354,3.50; tcp $3.50 with a few light pigs upward to $3.6063.65; packing sows, $2.40®2.75. Cattle—Receipts, 900; calves, 800; narrow demand for steers: vealers 50c lower; top. $5.25: other slaughter classes steady; mixed yearlings and heifers. $4.50®5.25: cows. $2.5063 25: low cutters, *1.2561.75; top sausage bulls. $3. Sheep—Receipts. 1,000: market; opening steady on fat lambs to butchers: $5.25®5.75; mostly: packers bidding about steady; sheep uncnanged; lat ewes, $1.50 62. FT. WAYNE. Nnv. 18.—Hog market. 25c lower; 140 lbs. down. $3.10; 140-170 lbs., $3.25; 170-200 lbs.. $3.35; 200-250 lbs., $3.25; 250-300 lbs.. $3.10; 300-3.50 lbs., $3.05; roughs. $2.25®2.50; stags. $1®1.50; calves. $5.50; ewe and wether lambs. $56 5.25; bucks. 54®4.25. PITTSBURGH, Nov. 18.—Hogs—Receipts. 2,300; market 10© 15c lower; 130-240 Ids., $44,4.15; top. $5.20; 250-320 lbs.. $3.65® 3.90; 100-130 lbs.. $3.80©4 10{ packing sows steady at $2.50®3. Cattle—Receipts. 15; market slow, weak: medium grade steers and yearlings quoted 54.50 6,5.75; common to medium heifers. $36 5; medium heifers. s3©s; medium and good cows. $2.50 6 3.75. Calves—Receipts. 100: market steady: better grade vealers. ss© 6. Sheep—Receipts, 600; lambs mostly 15c lower; better grade. $5.25©5.60: heavyweights, $4.50©5; common to medium, *3® 4.35. CLEVELAND. Nov. 18.—Hogs—Receipts, 1.500; holdover none; early sales 25c or more lower; back to Wednesday’s level with clearance Incomplete early; bid still lower; pigs to 230 lbs., $3.85; 250-300 lbs.. $3.65. Cattle—Receipts. 200: around steady; common light steers. $4.5064.75; few. $5.15; cows and bulls firm: desirable sausage bulls. *3©8.50. Calves—Receipts. 200; steady: bulk vealers. $6 downward: sparingly. 56.50: medium. *5 downward with cull quoted as low as $3 in extreme instances. Sheep—Receipts. 1.500; unevenly around steady; nearly good lambs at weights up to 87 lbs.. $5.50; cull to medium ground, *3.506 4.75. EAST BUFFALO. Nov. 18.—Hogs—On sale 2.700: slow: weights above 160 lbs., unevenly 156 25c under Thursday's average; lighter weights off sc: desirable 170-220 lbs.. *3.90; sparingly *4: few 250-280 lbs., $3.7563.85: weights under 160 lbs.. *4.10. Cattle—Receipts. 350: rather slow, about steady; good yearlings, *7.15; mixed steers and heifers. $6 25: common and medium steers. $4.506 5.25; cutter cows. $1.256 2. Calves—Receipts. 300: vealers draggy steady to unevenly lower: good to choice. $6®6.50: common and medium. 54.254,5.25. Sheep—Receipts, 2.100: lamb trade generally 25c lower: good to choir* lenietlv invested. *5.25: mostly *5.50: few *5.75; common and medium, $4.25®4.75; sheep unchanged. Bn Times Special LOUISVILLE. Nov. 18—Cattle—Receipts, 200; slow, barely steady to weak: bulk common and medium steers and heifers 53 254,5. better finished eligible to around *6.50: beef cows and bulls mostly *2.75 down: low cutters and cutters. *l6‘2: bulk native stocker* and feeders. *3 6 4.50; calves, receipt*. ISO, 50c lower under strict

BELIEVE IT or NOT

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INDIANAPOLIS STOCKS AND BONDS

(By Newton Todd) The following quotations do not represent firm bids and offerings, but indicate the approximate markets based on recent transactions or inquiries to buy and sell. Nov. 17Stocks Bid. Ask. Belt R R and Stkyds com 22 26 Belt R R and Stkyds pfd 45 50 Cent Ind Pwr 7% pfd 19 24 Citizens Gas com 14 17 Citizens Gas 5% pfd 74 84 Indpls Pwr and Lt 6% pfd.... 58 65 Indpls Pwr and Lt 6%% pfd.. 64 72 Indpls Gas com 42 48 Indpis Water 5% pfd 90 97 Indpls Pub Welfare Ln Assn.. 47 52 r Nor Ind Pub Serv 7% pfd ... 55 59 Pub Servos Ind 6% pfd 27 32 Pub Servos Ind 7% pfd.... 42 47 So Ind Gas and Elec 6% pfd.. 62 67 Terre Haute Elec 6% pfd 45 51 Bonds Belt R R and Stkyds 4s 84 89 Citizens Gas 5s 1942 88% 91 Indpls Gas 5s 1952 80 83 Indpls Rys 5s 1967 21 26 Indpls Water 4%s 1940 96 99 Indpls Water 5%s 1953-54.... 98 101 Trac Terminal Corp 5s 1957... 38 43 Chicago Stocks Opening (By Abbott. Hoppin & Cos.) —Nov. 18Bore Warner... 9% Prima Bev 13 Central 111 3%: Walgreen Stores 14% Cord Corp 4%l

DEATH TAKES KINGAN CHIEF William Maginnis Held Post for Fifteen Years. Attack of heart disease resulted in the death Thursday night of William Maginnis, 50, general superintendent of Kingan & Cos., Ltd., in his home, 3504 Evergreen avenue. Born in Belfast, Ireland, Mr. Maginnis came to the United States about twenty-five years ago. He was connected with Kingan & Cos. about fifteen years. He was an elder in the Tabernacle Presbyterian church. He was a member of the Pentalpha lodge, F. & A. M.; De Molay commandery, Knights Templar and the Scottish Rite. Funeral arrangements have not been announced.

Indianapolis Cash Grain

—Nov. 17— The bids for car lots of strain at the call ot the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41 ‘ 2c New York rate, were: Wheat—Weak: No. 1 red 39®40c; No. 2 red. 38®39c; No. 2 hard. 39®40c. CornEasv: No. 2 white. 20® 21c: No. 3 white. 19®20c: (new) No. 4 white. 17® 18c: No. 2 yellow. 20®21c: No. 3 yellow. 19®20c: inew'l No. 4 yellow. 17®18c; No. 2 mixed. 19®20c; No. 3 mixed. 18@19c. Oats—Easy; No. 2 white. 12V2@13Vac; No. 3 white, ll'i® 12Vic. Hay—Steady: iF. o. b.' country points taking 23> 2 c or less rates to Cincinnati or Louisville.) No. 1 timothy. $5.50®6; No. 2 timothy. $5®5.50. —lnspections Wheat—No. 2 red. 6 cars: No. 1 mixed. 1 car. Total. 7 cars. Corn—No. 2 white. 1 car: No. 4 white. 1 car: No. 2 yellow. 18 cars: No. 3 vellow. 3 cars: No. 4 vellow. 13 cats: No. 5 yellow. 4 cars: No. 4 mixed. 3 cars. Total. 43 cars. Oats—No. 3 white. 3 cars: sample white. 2 cars: No. 2 mixed. 1 car. Total. 6 cars. TOLEDO CASH GRAIN TOLEDO Nov. 17.—Cash grain close: ( grain in elevators, transit billing). Wheat —No. 2 red. 49' 2 ®50'ic: No. 1 red, lc premium. Corn—No. 2 yellow. 30® 31c. Oats —No. 2 white. 20® 21c. Rye—No. 2, 41 1 2® 42 1 2 c. Barley—No. 2. 32®.33c. 1 Track prices, 28’ 2 c rates.' Wheat—No. 2 red, 44®45c; No 1 red. 45®45*4c. Corn —No. 2 yellow 25® 26c; No. 3 yellow. 23>2®25c: No. 4 yellow, 22® 23c; No. 5 vellow. 20 , q®21 1 2C. Oats—No. 2 white, 17® 18c; No. 3 white. 16® 18c. Seed close: Clover—Cash. $5.30® 5.50: Dec., $5.40® $5 60. Alsike—Cash. $5.50® 5.85: Dec., $5.50®5.88. Produce: Butter—Fancy creamery. 25c. Eggs—Extras. 31®32c. Hay— Timothy per cWt. 80c. Dividend Is Declared Btt United Prets CHICAGO, Nov. 18.—Directors of the Indiana Hydro-Electric Power Company declared the regular quarterly dividend of 1% per cent on the outstanding 7 per cent preferred stock, payable in cash Dec. 15, of record Nov. 30. sort: bulk $4 down: top. $4.50 paringly for choice light weights. Hogs—Receipts. 900; 30c lower; 175-240 ibs.. $3.35: 245-295 lbs., $3 10; 300 lbs. up. $3 25: sows. $2.40 and stags $1.45 Sheep —Receipts. 100; steady;-bulk medium to good lambs. $5; choice salable to $5.50 or better: lower grades. $4 down; fat ewes. sl® 2. Thursday s shipment*—lo calves and 19/ sheep. Jr '■ ’

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 Thursday’s Times: The Letterless All-Conference Quarter Back—Though "Boob” Nash, star quarter back of Lon Morris college, Jacksonville, Tex., excelled on the gridiron to the extent that he was chosen for the all-conference eleven, his classroom standing prevented him from receiving his football letter last season. The college required all athletes to make a passing grade in no fewer than three courses before a letter is given, which Nash failed to do. SATURDAY—“A Painful Diet.”

Produce Markets

Delivered ln price*: Hens, heavy breeds over 4% lbs.. 12c; under 4% lbs., 10c; leghorns, 7c; Broilers, colored springers. 1% lbs. up. 10c; barebacks and partly feathered. 7c: leghorn and black. 1% lbs. up. 8c: cocks and stags. sc: leghorn cocks. 4c. Ducks large white, full feathered and fat 8c; small. 4c. Geese, full feathered and fat 7c. Young guineas, each, 20c; old 15c. Turkeys, choice young hens. 7 lbs. up. 13c; choice young toms. 10 to 18 lbs.. 11c; choice young toms over 18 lbs.. 11c: choice old hens. 13c: choice old toms. 10c; poor or crooked breasted. 9c. Eggs, approved buying grades of Institute of American Poultry Industries: No. 1. 26c; No. 2. 21c; No. 3,14 c: country run. loss off. 20c. Butter. 22 to 23c; undergrades. 20 to 21c: butterfat. 18c. These prices for healthy stock, free from feed. No sick poultry accepted. Quoted bv the Wadley companv. BY UNITED PRESS CHICAGO. Nov. 18. Eggs Market, steady; receipts, 2,411 cases; extra firsts. 33c; firsts. 32c; current receipts, 29®31c; dirties, 18@23c. Buttler—Market, steady; receipts, 8,314 tubs; extras. 23c; extra firsts, 21%®>22%c: firsts. 19%®20%c; seconds, 17©18%c; standards, 21%c. Poultry market around steady; receipts, 38 trucks; fowls. 10%® 13c; springers, ll®ll%c; Leghorns. 9%c; ducks. 10®ll%c; geese. 10c; turkeys. 12® 19c; rbosters, 9c; Leghorn broilers. 9c. Cheese—Twins, ll%©ll%c; young Americas. 11%®12c. Potatoes—On track. 129; arrivals. 44; shipments, 610; market, steady; Wisconsin round whites, 67%®75c; Minnesota round writes, 65© 70c; Idaho Russets, $1.256 1.30; South Dakota early Ohios. 75c. CLEVELAND. Nov. 18—Butter—Market, steady: extras. 27c: standards. 25%c. Eggs —Market, steady; extras. 32c: extra firsts, 29c: current receipts. 27c. Poultry— Market, steady: heavy 1 fowls. 14615 c: medium fowl. 12® 13c; Leghorn fowls. 10©llc: heavy rock broilers. 12®13c; heavy colored broilers. 7@l2c: medium broilers. 11 (!jl2c: Leghorn broilers. 10c: ducks. 10® 12c,' young geese. 19c: old geese. 8c; young turkeys. 18619 c; old roosters. 8© 10c. Potatoes—Ohio and New York. 100-lb. sacks. U. S. No. 1 partly graded cobblers aand Russets best. 70© 75c: New York. Ohio and Pennsylvania, sacks a bushel, cobblers and russet rurals. partly graded. 40645 c; poorer. 30©35c. NNEW YORK. Nov. 18—Potatoes—Steady; Long Island, Esc©sl.9s per barrel: New Jersey, *1.40: Maine. 90c©$1.80 per barrel: Idaho. $1.75 6 2.20 per sack; Bermuda. S7 ©9 per barrel. Sweet potatoes—Weak; Jersey basket. 50c©*1.40: Southern barrel. 75c651.25; Southern basket 306 50c. Flour —Quiet: springs, patents. $3.4063.65 per barrel. Pork—Steady; mess. *16.50 per barrel. Lard—Firm; middle west spot. *5.65® 5.75 per 100 lbs. Petroleum—Firm; New York refined. 17c gallon; Crude Penn. *1.22©1.72. Grease—Steady: brown. 2*46 2*sc per lb.: vellow. 2%©2%c per lb.: white. 2%©3%c per lb. Tallow—Steady; special to extra. 2*46 3c per lb. Common hides—Dull. Hides—Citv packer ouiet: native steers. 6%c: butt brands. 6%c: Colorados, 6c. Dresesd poultry—Steady; turkeys. 186 25c; chickens. 12618 c: broilers. 126 26c: capons. 206 29c: fowls. 106 20c: ducks. 10616 c. Live poultry—Firm: geese. 8614 c: turkeys. 20c; roosters. 11612 c; ducks. 9© 17c: fowls. 136 20c: chickens. 12 6 17c: capons. 206 25c: broilers. 126 20c. Cheese—Dull: voung America. 12%©18c. Butter—Market, firmer: creamery, higher than extras. 24%©25c: extra. 92 score. 24c: firsts. 91 score. 23 , i6 23%c: firsts, 88 to 89 score. 21%6 22c: seconds. 20%6 21c. Fees—Market, rm; special packs, including unusual hennerv selections. 40 6 45c: standards. 37639 c; rehandled receipts. 32 6 36c. NEW YORK COFFEE —Nov. 17. Santos High. Low. Close. March 8.90 8 68 8.70 Mav 8.45 8.31 8 31 July 8 35 8.19 8.19 September 8.20 8.09 8.09 December 9.7 J 9.60 9.60 Rio March 5.95 5.90 5,90 Mav 5.78 5.75 5.78 July 5.88 September 5 70 5.61 5.61 December 6.27 6.14 6.14

Ear-Wiggler By United Press NEW YORK. Nov. 18.—Anecdotes concerning Calvin Coolidge, including his supposed admission that he could wiggle his ears, are compiled in the ‘ Rise of Sairtt Calvin,” by Duff Gilfond, published Thursday. The ear-wiggling episode occurred, according to the author, when Coolidge posed for Moses Dykaar, the sculptor. Mrs. Coolidge also confided to the artist that she smiled so much because “she had to smile for two.”

tIV Registered V. S. I 1 J. Patent Office RIPLEY

DOW-JONES SUMMARY

Daily average volume of reserve bank credit oustanding during week ended Nov. 16. amounted to $2,205,000,000, a decrease of $18,000,000 from previous week, but $169,000,000 over like 1931 week. New York state will receive bids Dec. 14, on $30,400,000 serial bonds; *15,100,000 to be emergency relief bonds due 1933 to 1939; $10,000,00 genral state improvement bonds due 1933 to 1937, and *5,000,000 grade crossing elimination bonds due 1933-82; bidders must name rate of interest in multiples of V* per cent and not to exceed 4 per cent. Statement of Federal Water Service Corporation and subsidiaries for twelve months ended Sept. 30. 1932. shows balance of earnings distributable to class A stock after providing for taxes, all charges and unpaid preferred dividend requirements was $123,902 equal to 21 cents a share on 570. 195 no par share of class A stock, against $2.49 a share on Class A in twelve months ended Sept. 30, 1931. A. P. W. Paper Company. Inc., reports for quarter ended Sept. 30, 1932, profit amounting to *47.347 after taxes, interest. depreciation, etc., against *53.967 in September quarter 1931: eapitol stock amounted to 156,000 no par shares ol common stock. Commercial Investment Trust Corporation declared the regular quarterly dividend of 50 cents on common stock, payable Jan. 1, of record Dec. 5. Material purchases of more than *42,000 - 000 will be made bv Chrysler Corporation during net six or eight months to be useo in manufacturing the new Plymouth six. United Gas Coorporation and subsidiaries in twelve months ended Sept. 30. reported net income of $6,071,855 after ail charges, equal after dividends paid on $7 no par preferred to $3.31 a share on $7 second preferred stock; in twelve months ended Sept. 30. 1931. net income totaled $8,688,709 after all charges. B. F. Keith Corporation and subsidiaries in auarter ended Sent. 30. 1932. showed net profit of *223.755 after depreciation and amortization. .

In the Cotton Markets

CHICAGO —Nov. 17High. Low. Close. January 6.41 6.37 6.41 March 6 55 6.47 6.51 Mav 6.66 6.56 6.60 July 6.74 6.86 6 68 December 39 6.30 6.39 NEW YORK January 6.45 6.34 6.36 March 6.53 6.43 6 44 May 6 62 6.53 6.54 July 6.72 6.63 6 69 October 6.86 6 78 6 80 December 6.36 6.27 6.28 NEW ORLEANS January 6.38 6.33 6.33 March 6 49 6.30 6.44 Mav 8 59 6 51 6.54 July 6 68 6 80 6.44 October 6 85 6.76 6.78 December 6.33 6.24 6.28 RAW SUGAR PRICES —Nov. 17High. Low. Close. January .94 .91 .91 March 92 .90 .91 May 98 .96 .96 July ; 1.03 1.01 1.02 September 1.07 1.05 1.06 December .99 .98 .98 SWELTER IN CALIFORNIA Unprecedented Heat on Coast as Rest of Nation Shivers. By United Press SAN FRANCISCO, Nov. 18. WHile most of the nation shivered in freezing temperatures today, California had another sweltering day of unprecedented heat in store. An all-time heat record for Nov. 17 was hung up here Thursday when the mercury reached 82 degrees. Los Angeles, San Jose and Sacramento reported 84 degrees.

Thomson & M Kinnon Brokers INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Board of Trade New York Cotton Exchange Chicago Stock Exchange New York Curb Exchange 200-214 Circle Tower Lincoln 5501

.'NOV. 18, 1932

GRAIN FUTURES SHUW GAINS UN HIGHER CABLES Scattered Buying Advances Prices on Lack of Sales Pressure. BY HAROLD E. RAINVILLE United Press Staff Corresnondent CHICAGO. Nov. 18.—Unexpected strength at Liverpool gave wheat a firm opening on the Board of Trade today. Stocks were irregular but had a firmer undertone. With an absence of selling pressure at the start scattered buying advanced prices fractionally. Liverpool had more confidence and the reduced Argentine estimates gave the market strength. Corn was firm with wheat. Oats was slightly easy but rye also was up. At the opening wheat was unchanged to % cent higher, corn was % to \ cents higher, oats unchanged to % cent lower and rye was % to % cent higher. Provisions were steady. Sentiment Is Bearish Further weakness in sterling was a factor in limiting the decline at Liverpool to 1 g to r * cent on the old contracts and to cent on the new at mid-afternoon. The market failed to reflect the sharp downturn here Thursday. Sentiment among local traders is bearish and they anticipate no change in the outlook until after December liquidation has been cleared up. This will hang over the market for about two weeks, it is thought. There is some selling of small long accounts built up on the recent advance. Action at Winnipeg and Liverpool is being watched closely. Com Under Pressure Liquidation of December is keeping corn under presure. Despite the 2% cent a bushel advance in cash prices, the country has failed to offer freely. Sales are in good volume. Action of other grains exerts a large influence on the trend. Oats displays more firmness than wheat or corn. The market remains small, but prices easily recover from downturns. Rye and barley partake of the general trend but trading is very dull. Chicago Primary Receipts —Nov. 17— Wheat 687.00(1 Corn 521.000 Oats 90,000 Futures Range —Nov. 18WHEAT— Prev. High. Low'. 10:00. close. Dec 43% .43% .43% 43% Mav 48% .48 % .48% .48% July 49% .49% .49% .49% CORN— Dec 25 .24*4 .24’* .24% Mav 30% .30% .30% .30% July 31% .31% .31*4 .31% OATS— Dec .16% .16% .16% .16% Mav 18% .18% .18% .18% July 19% .19 .19 19 RYE— Dec 28% .28% May .32% .32% .32% .32 July .. .. .33% LARD— Jan 4 10 4.10 Mav 4.22 BARLEY— May 33% .32% .32% ... INDIANAPOLIS WAGON WHEAT City grain elevators are paying 37c for No. 2 soft wheat. Other grades on their merits. CHICAGO CASH GRAIN Bn United Press CHICAGO. Nov* 17.—Cash grain close: Wheat—No. 3 hard. 45%c. Corn (old) No. 2 mixed. 27* 4 c; No. 2 yellow. 28© 28%c; No. 2 white. 28©28%c: (new) No. 3 mixed, 25V4C; No. 4 25V4C: No. 5, 23%c; No. 2 yellow, 27c; No. 3. 25%©26%c; No. 4. 24%©25c; No. 5,24 c: No. 3 white. 256) 25%c; No. 4, 24%c. Oats—No. 2 white. 17%c; No. 3, 16%©17c: No. 4. 16c. Rye —No sales. Barley—2s©42e. Tim0thy—*2.2562.50. Clover—*6@9. Bp United Press Bn Times Special CHICAGO. Nov. 18.—Carlots: Wheat, 18; corn, 184; oat*. 11; rye, 0, and barley. 2.

ABBOTT, HOPPIN & COMPANY 203 Continental Bank Bldg. Indianapolis Stocks, Bonds, Grain MEMBERS: New York Stock Exchange New York Curb Exchange Chicago Stock Exchange Chicago Curb Exchange Chicago Board of Trade Co-Managers JAMES T. HAMILL KENNETH K. WOOLLING Formerly Member* of JAMES T. HAMILL & COMPANY Riley 5493-5494

★ Safely for Savings Fletcher American NATIONAL BANK Southeast Corner o# Market end Pennsylvania

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