Indianapolis Times, Volume 44, Number 223, Indianapolis, Marion County, 26 January 1933 — Page 13

PAGE 13

STOCK MARKET DISPLAYS EVEN TRADING RANGE Wednesday’s Sales Volume Lightest Since Oct. 7, Average Stock Prices Averase of thirty industrials tor Wednesday, high, 62.66, low. 60.84 last, 62 33,_ up 1.03 Average of twenty rails, 28 34, 2, 11, 21 09, up 21. Average of twenty utilities, 2? 93, 21 24. 21 13 up 43. Average of forty bonds, 80.17. up 08. BY ELMER C, WALZER United Press Financial tditor NEW YORK, Jan. 26.— r rhe stock market resumed its even course at the outset today after a brief flurry of strength in the preceding session. Prices moved irregularly in a narrow range, with volume small. Wednesday's 490,000 shares was among the smallest turnover in years. It was the seventh time since Oct. 7, 1924, that sales fell below the half million share mark. Kreuger & Toll swelled the total in the initial sales with a block of 40,000 shares. The price was unchanged from the recent level of ’<i, or 12% cents a share. The issue will be removed from the big board within a few days because of the complications resulting from the various receivership actions. Leading industrial and utility shares were near the previous close. Steel common was unchanged at 29% and American Telephone also was at Wednesday night s finish of 105%. Steel preferred eased fractionally. Small gains were noted in Westinghouse Electric, Case, Radio, Montgomery Ward, National Biscuit, Standard Oil of New Jersey, Allied Chemical, Woolworth and Texas Corporation. Bank Clearings INDIANAPOLIS STATEMENT —Jan. 26 Clearings *1.449.000.00 Debits 4.026.000.00 TREASURY STATEMENT - Jan. 28— Nct halance for Jan. 24 ... .$359,118,360.14 Expenditures 4.575,683.17 Customs, rods., month to date 14,451.225.30 Foreign Exchange (By Abbott, Hoppln & Cos.) —Jan. 26Open Sterling. England $3,39 9-16 Franc, France 0390% Lira, Italv 0511% Franc, Belgium 1388 Mark Germany 2380 Guilder, Holland 4020 Pe; eta, Spain 0819% Krone, Norway .1741 Krone, Denmark 1704 Yen, Japan . 2131 NEW YORK COFFEE RANGE —Jan. 25 —SANTOS— High. Low. Close. March 8.35 8.30 8 30 Mav 7.86 7.81 7.86 July 7.60 7.54 7.55 September . . 7.24 December 7.14 7.11 7.11 RIOMarch . 5.95 5 86 5.86 Mav 5.60 5.47 5.56 Julv 5.27 5 26 5.26 September . . 5.08 December 5.00 4.98 4.98

Basketball Notes

CITY TOURNEY OPENS SUNDAY Three openings, still are available for the south side sectional of the City Sunday Cage tourney, to be played at Dearborn gym next Sunday. Jan. 29, tournament managers announced today. Morris Plan. Crawfordsville Caskey five. North Side Merchants, Indiana Bell, and Indianapolis Flashes already have entered. Two junior teams playing under the 19-year-old limit and one girls club is needed to fill all brackets. Entry fee for the tournament has been cancelled this year and all teams participate free oi charge. Trophies will be awarded only to first place teams in each of the three divisions. For reservations in Sunday's play, call Ch 5554 or Ch. 7550, ask for H G. Engelhardt. Entries may be mailed to Dearborn hotel. Drawings will be announced in this column Saturday. St. Philips A C. cagers will battle Lee and Jay Nighthawks at St. Philip gym, 533 North Eastern, at 815 tonight. St. Philips have been setting a fast pace, winning thirteen out of fifteen games. The Lee and Jay team has been reorganized and strengthened, recently defeated Lawrence Merchants, 52 to 25 In prelim games tonight, St. Philip Boys Club plays East Side Reserves at 7 p. m , and St. Philip Grade School plays St. Patrick grade school. Bridgeport Cardinals defeated the English Avenue Bovs’ Club team, 27 to 25. in a thrilling came at Bridgeport gym Wednesday. The game was nip and tuck throughout. Bov's Club led 16 to 13 at the half. During the third quarter, fast passing and sensational basket scoring bv Jim Goodlow enabled the Cardinals to knot the count at 18-all. During the last ouarter. both teams sent In long field goals in turn about succession. William Melloh was outstanding for the losers. In the curtain raiser Bridgeport Fivers bowed to Cartersburg. 27 to 24 Bridgeport grabbed an earlv leird of 10 to 0. but was unable lo stop the fart attack bv Cartersburg. Bridgeport Cardinals otmose West Newton tonight, at the latter's court. Sears-Roebuck quintet, nearly upset the undefeated De Molav five in the Capitol Cits League Wednesday Howeior. fast seoring during the overtime period bv the fraternity bovs gave them a 37 to 28 triumph. Ferguson was the high scorer for the winners, while Worrell led the Sears team. The Mallories did pull a surprise by rompuig on the Lincoln Chiropractic College. 36 to 26. Blocks took an casv game from the Sigma Club bovs. 35 to 19. Indianapolis Cubs walloped the Tabernacle Flashes at the Flashes gvm Wednes-, dav night. 49 to 10. Fridav night. Cubs will meet the Battery P team of Ft Harrison in the feature game a: Rhodius gvm at 9:30 A prelim game Fridav will pit Cubs B team against the Broadwav Aces The Cub B team will meet the Second Christian * tonight at the colored Y. M C A For game* with the Chibs A and B teams, call Belmont 4371-W Irvington Trojans will battle an old rival the Waldron il.id.i Independents, tomgnl at old Butler gym seeking revenge for a loss last year A prelim tilt starts at 7 with the feature game at 8 Strong citv and state teams desiring games with Trojans call Ir. 0937. ask for Charlie. Beech Grove Boys Club defeated North Side Netters. 27 to 16. with Long Hougland and Finchum setting the pace. For fames with Boys Club, call B. G. 26. ask or Dick. O'Hara Sans downed the Paulev Printers. 33 to 21. with Rcath and Ross pacing a last half rally after Sans had trailed 15 to 11 at half time Cullen was best on defense for the Sans, Birch led the Paulevs with four field goals. Sans meet Central Christians Monday on the latter chro s floor and on Wednesday will tacale Lebanon Independents at Brookside Sans would like to hea’- from the following learns for games Feb. 8 and Feb. 22. Centra! Business College. Mor'is Plan. Real Sdk. Night Hawks, Indianapolis Buddies and Indiana Beil Sans have access to a gym for the above dates. Call Ch. 4252-W Spades Bulldogs defeated Arsenal Bulldogs. 24 to 16 Spades, starting late in the season, are unbeaten in six games in the 16-17-year-old class They will share gvm expenses for games Call Ch. 4993-M alter 5 p. m , ask for Bob. Crawfordsville Casket Company has taken over the Crawfordsville Y. M C. A floor to he used for home games and are anxious to book teams on a home and home basis. For games or entrance In the Western Indiana Independent tournament, write Harry Hybarger. Casket Company. Crawfordsville. Holy Trinity Bearcats ask Indianapolis Wizards to call Be 0780 regarding Sunday's game. Call between 6 and 7 p m ask for Henry. Bearcats will Eas' Side Zipper* next Bunday at 1 p m Derelan. star back guard will return to action for the Bearcats Bearcats defeated Blackhawks Monday. 23 to 22. In a double certime till. KrfTel was high scorer for the winners with icn points. Tansy Milk five, with fourteen victories In eighteen starts against topnotch foes, desire a game for Friday. Tansys have access to a gvm. Write N. E. Terhuae, M South Eleventh avenue.

DOW-JONES SUMMARY

Pennsylvania Railroad reported loading on own lines for week ended Jan. 21. 1933. amounting to 47 469 000. against 57. 154 In same week of 1932: car* received from connections totaled 27 512 against 31.923 in 1332: decrease in loadings on own for week ended .Jan. 21 1933 from comparable week of 1932 amounted to 16.9 per cent. Delaware A Hudson Company ha* aeoclred In the open market through J. P. Morgan A Cos., approximately 10 per cent of the eapital stock of the Nfyy York Central Railroad Company. Missouri Pacific in vear ended 1932 reported net operating Income of $8,511,960 against sl6 809.458 In 1931; December amounted to $252,644. against $620,643 in December. 1931. N. Y. N H & H in vear ended 1932. showed net less of $393,047 after charges, but before guarantees on separately operated properties, against net income of 59.179,869 before guarantees in 1931. Maine Central Railroad Company In vear ended Dec 31. 1932. reported net loss amounting to $416,125 after taxes and charges, against net loss of $63,386 in 1931: December net loss totaled $13,531. against net loss of $104,136 In December. 1931. Cleveland Railway In 1932 earned $6.61 a share, against $6.76 in 1931. Western Dairy Products Inc., declared the regular quarterly dividend of *1.30 on series A preferred stock, payable March 1. of record Feb. 8. Stewart Warner Corporation in vear of 1932 reported net loss of $2,445,197 after charges, against net loss of $1,830,171 in 1931. National Refining Company in 1932 earned $1 02 a share on $8 preferred stock, against net loss of $752 286 in 1931. Reports received bv New York federal reserve bank from commercial paper dealers show $81,100,000 of open market commercial paper outstanding on Dec 31. against $109,000,000 on Nov. 30. and sllß - 000 000 on Dec. 31. 1931. Malar Oil Companies reduced price of gasoline in Sacramento. Cal., 1% cents to 17% rents to meet local independent competitors. Aruundel Corporation reports for vear of 1932 earnings of $1.46 a share, against $4 08 in 1931. Chicago Fruit Bp United Pres CHICAGO. Jan. 26—Apples—Michigan Jonathans, bushel. $1,154(1.25; Spies bushel. $1,154/1.35; Mclntosh bushel. $1.1561.1.25; Greenings bushel. 85c® sl. Other Livestock BY UNITED PRESS PITTSBURGH. Jan. 26 Hogs—Receipts, 2 300; market, steady to weak; 150-210 lbs.. $3,654(3.75: 220-240 lbs., $2,354( 3.55; 260300 Ids., $3 15®3.25; 100-140 lbs., 52.25® 3.50; packing sows, $2,254/2.75. Cattle — Receipts, 10; market, unchanged; good steer yearlings quoted $4,754} 5.75; variable heifers, $3 754/ 4.75; medium bulls. $2.75® 3.25. Calves—Receipts. 100; market, steady; choice vealers, $7,506/8; medium to good, 354/ 7. Sheep—Receipts, 2,500; bidding 65c lower for best lambs or $6.35 downward; asking up to $6.50; no early sales. FT. WAYNE. June 26—Hogs—Market. 10c lower; 100-140 lbs., $3.20; 140-200 lbs., $3.40; 200-225 lbs.. $3.30; 225-250 lbs., $3.20; 250-300 lbs., $3; roughs, $2,254/ 2.50; stags, $1.50; calves, $7; ewe and wether lamps, $6.25; bucks, $5.25. Cattle—Steers, good to choice. [email protected]; medium to good, $4.50 4/5; common to medium, $34/4; heifers, good to choice, $4,504/5; medium to good, $46/4.50; common to medium, $3@,4; cows, good to choice, $34/ 3.50; medium to good, $2,504/3; cutter cows. $1,754/2.25; canner .cows, $1®1.50; bulls, good to choice, s36c 3.25; medium to good, $2,504/3; common to medium, $2®.2.50; butcher bulls, $3.25® 3.75. LAFAYETTE. Jan. 26. -Hogs—Market, steady to 10c higher; 160-210 lbs., $3,254/ 3 30; 210-235 lbs.. $3,154/3.20: 235-275 lbs.. $3,054/3.10: 275-325 lbs.. $2,854/2.95; 100160 lbs., $2,756/3.10: roughs, $2.50 down; top calves, $6; top lambs, $5.50. TOLEDO. Jan. 26.—Hogs—Receipts, 250; market steady. Cattle—Receipts. 275; market, slow. Calves —Receipts, light; market, steady. Sheep and lambs—Receipts, light; market, steady. CINCINNATI. Jan. 26.—Hogs—Receipts, 3.500; 1,695 direct and through; around 10c higher; top, $3.75; most good to good. 160-225 lbs., $3.75: 230-250 lbs.. $3,504/3.70; 250-275 lbs., $3,354/3.50: few weightier butchers mostly $34/3.25: 120-140 lbs.. 53.35; sows scarce, mostly $2412.25. Cattle —Receipts, 350; calves. 225; slow, mostly steady: common to medium, lightweight steers and heifers mostly $3,754/5: a load of good around 950-lb. steers, $5.25. small lot of good lightweight heifers. $5.50; a few beef cows. $2 504/3: low cutters and cutter cows, $1,504/2.25; bulls mostly $2,504/3: best $3.25; vealers unchanged, good to choice, $64/7; plainer grades mostly $44/ 5.50. Sheep—Receipts 400; fully steady; a few medium to good lambs $6/56.75; common to medium around $44/5.50; practically no fat ewes on sale; quotable steady. ll y Times Special LOUISVILLE. Jan. 26.—Cattle—Receipts. 100; mostly steady; bulk common and medium steers and heifers. $3.25® 4.50; best lightweights eligible around $5.50: beef cows and bulls mcstlv $3 down; low cutters and cutters, $147 2; most Stockers and feeders. $34/4: calves. 150. steady; bulk good and choice. $54/6: medium and lower grades $4 down. Hogs—Receipts. 700; weights. 170 lbs. down steadv. others 10c higher: 175240 lbs.. 53.60; 245-295 lbs., $3.35; 300 lbs umn. *9.05: 135-170 lbs.. 53.35: 130 lbs. down, $2.70: sows. $2.65; stags. $1.70. Sheep —Receipts. 50; r.rket. quotable steadv; bulk bett-r lambs, salable $5.75 to mostly $6: choice fed handvwciahts eligible. $6.25: medium and lower grades. $5.25 down: fat ewes. sl4/2. Wednesday's shipments—2s cattle.

In the Air Weather condition at 9 a. m.: East southeast wind, 6 miles an hour; temperature, 40; barometric pressure, 29.37 at sea level; general condition, overcast, smoky, occasional breaks in overcast; ceiling estimated 1,500 feet; visibility, 2 miles; field, good. RAW SUGAR PRICES —Jan. .25 Hish. Low. Close. January 86 .84 .84 March 71 .69 .70 May 73 .72 .73 July 78 .75 .75 September 81 .79 .80 December 85 .83 84 Trde M./k Rc*. W U. 5. Pal. Od. Y> STANDS for rattle, but don’t let this HI-HO puzzle do that to you. Cut out the seven pieces in the rectangle and see if you can put them together so as to form the letter R shown here. ,!, | Did you discover the eagle in the puzzle rectangle? Here’s the way the seven pieces are arranged to form the bird.

SWINE STEADY TOIO CENTS UP AT CITY YARDS Finished Kinds Scarce in Cattle Market; Sheep Move Down. Hogs ranged from steady to 10 cents higher this morning at the city yards, heavier weights showing most of the advance. The bulk, 140 to 210 pounds, sold for $3.35 to $3.45, top price, $3.45. Weights of 210 to 250 pounds sold for $3.20 to $3.30: 250 to 300 pounds. $3.10 to $3.20. Heavier weights sold for $3.05 to $3.15. Pigs brought $3 $3.25. Packing sows made the market at $2.25 to $2.60. Swine receipts were $5,000. Holdovers were 304. In the cattle market finished kinds were scarce, good heavy steers selling for $4.50 to $5. Light kinds were slow, steady to weak. Bulk of plain slaughter steers sold for $4 to $4.50, with good 1,200-pound weights held about $5. Butcher heifers were priced at $4 to $4.75. Fat cows sold around $2 to $2.75, a few held up to $3. Low cutter and cutter cows ranged from $1.50 to $2. Receipts were 400. Vealers were steady at $7 down. Calf receipts were 400. Sheep were fully 25 cents lower on native lambs, sorted kinds selling for $6 to $6.25. Throwouts were is 4 down. No fed westerns were sold early, holders asking around $6.40 to $6.50. Fat ewes were steady at $1.25 to $2. Trading in hogs at Chicago displayed a stronger tone, with askl ing fully 10 cents higher and open- | ing bids on light weights steady to j strong at $3.30 to $3.35. Bidding on heavier weights scaling 240 to 300 pounds held at $3.05 to $3.25; few lightweights sold at $3.25. Receipts were estimated at 22,000, including 7,000 direct; holdovers were 4.000. Cattle receipts numbered 5.000; calves. 1,500; market steady. Sheep receipts were 15,000; market unchanged; HOGS Jan. Bulk Top Receipts 20. $3.45® 3.60 $3.00 5,000 21. 3.354/1 3.50 3.50 3.000 23. 3.4548 3.60 3.60 3,000 24 3.354* 3.50 3.50 7.000 25. 3.35® 3.45 3.45 6.000 26. 3.35® 3.45 3.45 5,000 Market. lower. —Light Lights—-(l4o-160) Good and choice....s 3.35® 3.40 —Light Weights—-(l6o-1801 Good and choice.... 3 35® 3.45 (180-200) Good and choice. .. 3.35® 3.45 —Medium Weights—-(2oo-220) Good and choice ... 3.30® 3.45 (220-250) Good and choice.... 3.20® 3.35 —Heavy Weights—-(2so-290 Good and choice.... 3.15® 3.25 (290-350) Good and choice.... 3.05® 3.15 —Packing Sows—(3so dowm) Good 2.40® 2.70 (350 up) Good 2.15® 2.50 (All weights) Medium 2.00® 2.25 —Slaughter Pigs—-(loo-130) Good and choice.... ?.00@ 3.25 CATTLE Receipts, 400; market, steady. —Steers—-(sso-1.1001 Good and choice $ 4.75® 6.75 Common and medium 3.2564 5.00 (1,100-1.500) Good and choice 4,25® 6.60 Medium 3.50® 4.50 —Heifers—-(sso-7501 Good and choice $ 4.754J6.50 Common and medium 3.25® 4.75 (750-9001 Good and choice 4.25@ 6.25 Common and medium 3.00® 4.25 —Cows — Good 2.75® 3.50 Common and medium 2.00® 2.75 Low cutter and cutters. , 1.50® 2.00 —Bulls (yearlings excludedi Good (beef) 2.75® 3.25 Cutter, common and medium.. .75® 2.75 VEALERS Receipts, 100; market, steady. Good and choice $ 6.50® 7.00 i Medium 4.50® 6.50 Cull and common 3.50® 4.50 —Calves—-(2so-300) Good and choice 4.00® 5.50 Common and medium 2.50® 4.00 —Feeder and Stocker Cattle — (500-8001 Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 (800-1,0501 Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 1.000; market, lower. —Lambs—--190 !bs. downi Good and choice $6.00® 6 50 (90-110 lbs.) Good and choice.. 5.75® 6.35 (90 lbs. downi Common & med. 3.00® 6.00 —Ewes— Good and choice 1.25® 2.25 Common and medium .75® 2.20 Other Livestock BY UNITED PRESS CHICAGO, Jan. 26.—Hogs—Receipts, 22.000, including 7,000 direct; active, fully 10c higher than Wednesday's average on all classes; 170-210 lbs.. $3.35®3.45; top, $3.50; 220-290 lbs., $3,106/3.40; 140-160 lbs., $3,250/3.45; pigs, $36/3.35; packing sows, $2.60® 2.70; light lights, 140-160 lbs., good and choice, $3,256/3.45; lightweights. 160200 lbs., good and choice, $3.35®3.50; medium weights, 200-250 lbs., good and choice, I $3.25®3.4a; heavyweights. 250-350 lbs., good and choice. $2.90®3.30: packing sows. 275550 lbs., medium and good, $2.40®2.80; slaughter pigs, 100-130 lbs., good and choice, $34/3.35. Cattle—Receipts, 5.000; calves, 1,500; better grade iight steers and yearlings strong, instances 106/15c higher: general market more active; Smaller supplies medium weights and weighty steers a strengthening factor, weighty steers fully steadv with week's 25c downturn; other killing classes mostly steady, but uneven: all buyers discriminating against weight in all classes; best yearlings $6 85: most weighty steesr, 54.50 down to $3.75; medium weight steers, S6; slaughter cattle and vealers: Steers, 550-900 lbs., good and choice. 55.25®7.25: 900-1.100 lbs., good and choice. $5.25®7.25: 1,10011.300 lbs., good and choice, $4.25® 7: 1.300-1.500 lbs., good and choice. 53.50®(6; 550-1.300 lbs., common and medium, $3.50®4.75: heifers. 550750 lbs., good and choice. $4.75® 6.50; common and medium. S3 25®4.75; cows. good. $2,506/3.25; common and medium. $2 35 4/ 2.75; low cutter and cutter cows. $1.75® 2.35; bulls, yearlings excluded, good beef. $2,754/3.50: cutter, common and medium. $2.25® 2.90; vealers. good and choice. 55.50 (iil: medium. 54.50®5.50: cull and common, $34/4.50: stockcr and feeder cattle: Steers, 500-1.050 lbs., good and choice. $4,254/5.50: common and medium. s3® 4.25. SheepReceipts, 15,000; few sales around 25c lower: shipping demand narrow: desirable native lambs scaling under 90 lbs., $5.50 to packers: closely sorted kinds bid $5.75 by city butchers; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice, $5 50 ®6; common and medium. $44/5.50; 90-98 lbs, good and choice. $5.3565.85; 98-110 lbs , good and choice. $5®5.40; ewes. 90150 lbs., good and choice, $233: all weights, common and medium. [email protected]. CLEVELAND. Jan. 26.—Hogs—Receipts, 900: holdover none; steady: 160-250 lbs., $3.60 to mostly $3.65: 260-300 lbs., pigs. $3.25. Cattle—Receipts. 200; steady to easier: some steers over 1.000 lbs.. 25c under Monday: early sales, common sters. $4 6/4.15: averaging 1.058 lbs. downward: cutter grade cows. $1.25®2; sausage bulls upward to $3 and $3 35. Calves—Receipts. 250; mostly steadv; lower grades strong; good to choice. 57f;7.50: odd head. $8: cull to medium $4®6.50; little under $5. Sheep —Receipts. 800: lambs, slow, tending lower; few sales. $6.25 down; quality not particularly attractive, some held higher: few clipped lambs, $6; bulk wool throwouts, $5.50. EAST ST LOUIS. Jan. 26.—Hogs Receipts. 8.500. including 1.000 through and direct; market opened 56/10c higher; top. $3 40. bulk. 150-200 lbs, $3,304/3.40: 220260 lbs.. s3® 3,25: 260-300 lbs . $2.90® 3: 100140 lbs. $2,504/3 15: sows mainly $2,154/ 2.50. Cattle—Receipts. 2.200; calves—Receipts. 1.000. market, opened very slow on steers, mixed yearlings and heifers in light supplv: no early sales: few low priced mixed yearlings and heifers steady at $4 50 down; cows steady: bulls slow, fairly steady; vealers. unchanged; cows largely $2.25® 3: low cutters. SI 254/ 1.75: sausage bulls largely $232.50; good and choice vealers. $6 75. Sheep Receipts. 1.500: market. not yet established: packers talking unevenly lower: few choice lambs to citv butchers steady at $6; asking fully steady for others. EAST BUFFALO. Jan. 26.—Hogs—On sale. 1.200; weights above 160 lbs., fairly active, strong to 5c over Wednesday's average with occasional sales 240-250 lbs , up 10c: desirable 170-210 lbs.. $3 75; 240-250 lbs.. $3.50® 3 65: pigs and underweights draggv. Quoted $3 254/3.50. Cattle Receipts. 175; steers and yearling trade dull: clearance incomplefe; few sales about steady; medium to good steers and heifers. $4.60: comon kinds $3,454/4: cows, weak to mostly 25c lower: fat cows. $2,504/3; cutter grades. $1 504/2. Calves—Receipts. 100; vealers unchanged, good to choice. $7 50® S: common and medium. $54/6 50. Sheep —Receipts. 200; lambs slow, weak to lower; few good to near choice. $6.35; closely sorted kinds held above $6.50; medium and mixed offerings, $5,751/6.

THE INDIANAPOLIS TIMES

New .York Stocks ißy Thomson & McKinnoni - '

—Jan, 26 High. Low. 11:00 Close. Railroad. - Atchison .. 44% 43% 44% 43% Atl Coast Line 21% 21% Bait & Ohio .. io 9% Chesa & Ohio .. 28% 28% 28% 28% Chesa Corp 16% 16% 16% 16 Can Pac 12% 12% 12% 12% Chi N West 4% C. R I & P 4*. 4% Del LA- W .. 25% 25% 25% 25% Del & Hudson ..46% 45 46% 47 Erie Ist pfd 6% .. Great Northern . . .. 10 10% Illinois Central . 14% 13% 14% 13*4 Lou & Nash ... 26 25% 26 25% M. K & T 7 7 Mo Pacific ... ... 3 Mo Pacific Pld 4% 4% N Y Central . 19% 18% 19% 18% Nickel Piate 2% NY NH & H . 15% 14% 15% 15% Nor Pacific .... 15% 15% 15% 15 Norfolk & West . .. ... 123 121% O & W 10% 10*4 10% 10% Pennsylvania .. 19% 18% 19 19% Reading ... 28 28 So Pacific .. 18% 18 18% 18% Southern Ry ... 5% 5% St Paul 2 St Paul pfd 2% 2% 2% 2% St L & S F Its Union Pacific.. 76% 78 16% 75% VV Maryland ... 6 6 West Pacific 1% Am Steel Fd 7 Am Air Brake S . . ... 10% 10% Gen Am Tank.. 18% 18% 18% 18% General Eiec.... 15** 15% 15% 15% Gen Ry Signal.. 17% 17% 17% 17% Press Stl Car ... % Pullman 22% 22 % 22% 22 Westingh Ar B .. ... ... 14 West.ngh Eiec.. 29% 29% 29% 23% Rubbers— Firestone 12% Goodrich 5% 5 Goodyear ...... 16% 16% 16% 1612 Lee Rubber ... ... 5% U S Rubber 4% 4% 4% 4% Motors— Auburn 48% 47% 48% 47% Chrysler 14% 14% 14% 14% General Motors 13% 13% 13% 14 Graham-Paige 1% Hudson ... 4*2 Hupp 2% Mack ... ... 18% Nash 2% 2% | Reo ... 1% | Sludebaker 4 3% 3% 4 I Yellow Truck 3*4 3% Motor Access— Bendix Aviation 10 9% Borg Warner .. 8% B** 8% 8% Briggs 4% 4% Budd Wheel 2 Eaton ... 5% ... El Auto Lite ... 18% 18% 18% 19 Ei Storage B ... 24% 24% Houda 2 Sparks-W ; 1% Stewart Warner 3% Timkin Roll 16% 16% Mining— Am Smelt 14 1 14% Anaconda Cop.. 7% 7% 7% ... Alaska Jun 12% Cal & Hecla 2% 2% Cerro de Pasco.. 8% 8 8 8% Dome Mines 13% 13% Freport Texas... 23% 23% 23% 23% Great Nor Ore 16% ... ! Howe Sound ... .. 7% lnt Nickel 3 8 Inspiration 2 Vi Ist Crk Coal 13% Kannecott Cop.. .. 9% Magma Cop 7% 7% Miami Copper 2*2 Noranda ... 19 19 Texas Gul Sul.. 24V* 24 24% 24% U S Smelt 17% 18% Oils— Amerada ... 20% 20 Atl Refining 16% 16% 16*4 16% Barnsdall 3% Houston 2% Indian Refining.. .. ) 1% Sbd Oil . 17*4 Mid Conti 4% Ohio Oil 6% Phillips 5% 5% 5% 5% Pr Oil & Gas ... 7% Pure Oil 3 V4‘ Roval Dutch .. 20% Shell Un 4% 4% Cons Oil 5Vi 5V4 Standard of Cal 25 24% 25 24% Standard of N J 30% 30% 30% 30*2 Soc Vac 7% 7 7 7 Texas Cos 13% 13% Steels— Am Roll Mills.. 9Vs 9 9 9 Bethlehem 15% 15% Byers AM 13% 13% Colo Fuel 6% McKeesport Tin. 51% 51 51 Vs 51% Midland 6 Repub I & S 6Vi U S Steel 29% 28Vi 29% 29% Vanadium 12% Youngst S&W 8% Youngst S & T ll*/ 4 Tobaccos— Am Sumatra ... 7% Am Tob (Al new 62% 62 62% 63 Am Tob (B) new 64% 63% 63% 65 Lig & Myers <B) 63% 62% 62% 63% Lorillard 13% 13% 13% 13% Reynolds Tob 33% United Cig *4 Vi Utilities— Adams Exp 4% 4% Am For Pwr. 7 6% 6% 7 Am Pwr & Li... 7% 7% 7% 7% AT&T 106% 105% 106% 105% Col Gas & El 16% 16 Com & Sou ... 2% 2Vi Cons Gas 59% 59% 59% 59% El Pwr & Li ... 6>s 6% 6% 6% Gen Gas A ... 1% I*4 Inti T & T 7% 7% 7Vi 7% Natl Pwr & Li.. 14 13% 14 14 No Amer Cos. 28% 28(7 28 % 28% Pac Gas & El., 30% 30 30(4 39 Pub Ser N J 54 54 So Cal Edison . 26% 26% 26% 26% Std G & El 13 13 Vi United Corn 9% 9 9% 9 Un Gas Imp .. 19% 19% 19% 19% Ut Pwr & L A. .. ... . 3% West Union 27% 27% Shipping— Om Inti Corp.. 7*4 7Vs 7% 7% N Y Ship 234 ... United Fruit... 2Vi 29 29 29% Foods— AAm Sug 27 26 27 25% Armour A . . ... 1% Cal Pkg 9*/s Can Dry 9*2 Childs Cos. . . 3% Coca Cola 81 Cant Baking A .. ... ... 4% Corn Prod 56% 55% 56% 55% Crm Wheat 27% Cudahv Pkg 21% Cuban Am Sug.. .. ... 1% ••• Gen Foods 24% 24% 24% 25% Hershev 52% Kroger 18% 18 18 18 Nat Biscuit ... 3®*4 39 Natl Dairv .... 15% 14% 15% 15% Puritv Bak BVi Safeway St 42% 42 Std Brands 15 15 Drugs— Cotv Inc •••.. 4 4 Drug Inc 36% 36% 36% 36% Lambert Cos .... 31 30% 31 30% Lehn & Fink ... 18(4 18% Industrials— Am Radiator.... 6% 6% 6% 6% Bush Term 3% ... Otis Ele>' *2 Indus Chems — Air Red 61% 61% 61% 61% Allied Chem ... 87% 87 87% 86 s Com Solv 12 11% 11% 11% Dupont 4039 3, 8 4040 Union Carb ... 21 3 s 27 27V* U S Ind Mco.. 24H 24 s ; Retail Stores— Assoc Dry Gds 4J 2 4*4 Gimbel Bros ... lVa l 3 a Kresge S S 9 9 Mav D Store ... 13*2 13% Mont Ward .... 14% 13% 14% 13% Penny J C ... 27% 27% Schulte Ret St • ■ . 1 Sears Roe 20*2 20 20*2 20 Woolworth .... 32% 32% 32% 32% Amusements — Eastman Kod .. 59% 59*2 59% 59% Fox Film A 1% Grigsby Gru.... . .. 1 Loews Inc 17% 16% 17*4 17% Param Pam .... 1% 1% 1% 1% Radio Corp .... 4% 4% 4% 4% R-K-O 1% 1% Warner Bros .. 1% 1% 1% 1% Miscellaneous— City Ice & Fu.. 12% 12% 12% 12% Congoleum 7% Proc & Gam .. 26 25% 25% 25% Allis Chal ... ... 7*i Am Can 61% 61% 61% 61% J I Case 47% 46% 47% 46% Cont Can 41% 41% Curtiss Wr ... 2 Gillette S R ... 18 17% 17% 17% Gold Dust 15 15 lnt Harv 23 22** 22% 22% lnt Bus M .. .. 92% Real Silk * 9% 9% 9% 8% Un Arcft 27% 26% 27% 26% Transamerican.. 5% 5 5% 5% Owens Glass 35% New York. Curb (By Thomson & McKinnon) —Jan 26 11:00 11:00. Alum Cos of Am 51 Gulf Oil 27 Am Cynamid... 4% Nat Aviation... 7% Am Gas & Elec 31 Nia Hud Pwr.. 14% Am Super Pwr 4% Penroad 1% Ass Gas & Elec 2 Std of Ind ... 21 Cent Sts Elec.. 2% Stutz 17 Cities Service... 2 s * Trans Air Trans 5% Comm Edison.. 78 United Gas new 1% Cord 6% Un Lt & Pwr A 4% Elec Br.d & Sh 19 Un Fndrs 1% Gen Aviation.. 4%) New York Bank Stocks (Bv Thomson & McKinnon) —Jan. 25Bid. Ask. Bankers 31% 33% Brooklyn Trust 177 192 Central Hanover 149 153 Chase National 34% 36% Chemical 41*2 43% Citv National 44% 46% Corn Exchange 72'* 75% Commercial 152 162 Continental 17% 19% Empire 24’* 26’* First National 1.495 1.545 Guaranty 349 354 Irvine 23% 25% Manufacturers 31 33 New York Trust 99*2 102% Public 29% 31% Union Title 28% 31*2 Liberty Bonds Tip United Press NEW YORK. Jan. 25.—Closing Liberty bonds: Liberty 3%5. '47 103.8 L/berty Ist 4%5, 47 102.29 Liberty 4th 4%5. '3B 103 19 Treasury 4%5. 52 110.29 Treasury 4s, 54 106.31 Treasury 3%5. 56 105.8 Treasury 3%5, 47 102.19 Treasury 3%5. 43 June i..... 102 19 Treasury 3V*s, 49 100.1 . Treasury 3s. 55 98.25

WHEAT MOVES UP ON STRONG FOREIGN NEWS Southwest Crop Condition Continues to Hold Attention. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO. Jan. 26.—Wheal had a firm opening, *• to cent higher, on the Boaid of Trade today. Firmness in stocks and at Liverpool gave the market its strength, inciting moderate buying and little pressure. The English market had a better demand and no pressure from exporting countries. The southwest again was dry. The passage of the banking bill by the senate was encouraging. Corn was unchanged to % cent higher and slow. Oats was unchanged and rye was % cent higher. Provisions were slow and easy. Reports from the southwest continue to attract a good deal of attention as winter wheat nears the period of spring growth. Were it not for other influences, it is thought a normal advance would be made. Liverpool was stronger than due at- % cent higher at midafternoon. No corn was worked far export Wednesday, although there was said to be bids just under the market. Trade remains small in oats. Chicago Primary Receipts Jan. 25 Wheat 477,900 Corn 282,000 Oats 107,000 Chicago Futures Range —Jan. 26 Prev. WHEAT— High. Low. 10:00 Closp. May 48% 48% 48'* 48% July 48% 48% 48*2 48% Sept 49% 49% 49% 49 V* CORN— Mav 27% 26% 26% 27 July 27% 28% 28% 28% Sept 29% 29% 29% 29% OATS — May 17% 17% 17% 17V, Julv 17% RYE— May 35 34% 35 35% July 34% 34% 34% 34% BARLEY— May ... 27’* .... CHICAGO CASH GRAIN Bp United Press CHICAGO, Jan. 25. —Cash grain close: Wheat—No. 2 hard. 48%c; No. 3 hard, 48c; No. 1 northern. 48%c: No. 5. northern. 46c. Corn— No. 3 mixed, 23%c: No. 4. mixed. 22%@23%c: No. 2 yellow. 25%c; No. 2 yellow, old. 25%c®26c; No. 3 yellow. 24® 24%c: No. 4 yellow. 23®23%c; No. 3 white, 23%®24c; No. 4 white. 23’%/ 23%c. Oots—No. 2 white. 16%®T7%c: No. 3 white. 16%®16%c. Rye—No sales. Barlev—24®36c. Timothy—s2.2s®2.so. Clover —s6.so® 8.75. Provisions—Cash lard, $3.97; loose, $3.40; leaf. $3.37. Bp Times Special CHICAGO. Jan. 26.—Carlots—Wheat, 11; corn. 64; oats, 10; rye, 1, and barley, 5. Indianapolis Cash Grain —Jan. 25 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 rotpc iiprp' Wheat—Firm: No. 1 red. 41®42c; No. 2 red, 40®41c; No. 2 hard. 42® 43c. Corn —Steady; No. 3 white. 15%®16%c; No 4 white. 14%@15%c; No. 3 yellow, 15%® 16%c; No. 4 yellow. 14%®15%c; No. 3 mixed, 14%®15%c; No. 4 mixed. 13%®’ 14%c. Oats —Steady: No. 2 white, 13(4® 13%c; No. 3 white. 12’*®13%c.

Jigsaw-Crossword, No. 16

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PUZZLE NO. 16 HORIZONTAL I—To expire. 4—Situations. 6—Broken coat of the seed of erain. 9—Supernatural being fabled to inhabit caves. 10— Contraction of even. 11— To chew and swallow. 12— Attempt. 13— Short ooem suitable for setting to music. 15—Soon. 17— To seize suddenly. 18— One of the substances appearing at electric poles in electrolysis. 19— Full of weeds. 20— Altitude labbr.t. 21— Garden implement. 32—Soft-finned, fresh water fish. 23—Road (abbr ). 25 Branches of learning. 26 Conjunction. 27 Nehemiah iabbr.l. 28— Egyptian Sun God. 29 True Mean tabbr.t. 30— Associated Presbyterian (abbr.). 31— Like. THE RULES 1. The Times presents as a daily contest feature, for thirty publishing days, the Jig-saw-Crossword Puzzle Contest of original jigsaw design, together with the definitions of the words to be written in. The series will consist of thirty jigsaw crossword puzzles. 2. The objects of the contest are: First—To solve correctly each of the thirty individual puzzles. After each puzzle is solved, it should be cut out along the outside of its heavy black border and saved until the last puzzle- has been published. Second—After all of the thirty puzzles have been published and solved they must be fitted together to form a large outline map of the United States. Third—ls puzzles have been properly fitted together to form a large outline map. it will be discovered that by reading across the map in certain sections you will find excerpts from three famous American documents: Tne Declaration of Independence, Lincoln's fiirst inaugural address and Lincoln’s Gettysburg address. Indicate with an arrow at the left side of the said map the lines containing any portion of these excerpts. 3. Send the completed map to

- THIS CURIOUS WORLD ~

.... % * r 1 / ALTHOUGH THE v WATER BUFFALO / /'\s. T\. IS CONSIDERED THE f/ “"Xy SECOND /MOST OANGEQOUS f / \\ * OP ALL THE INDIAN I \ \ "VJ/LD" ANIMAL S, j \ . 1 \ T IS, NEVERTHELESS \ i the DOHfStfC animal OF A/AFry ftseiONS'. . v/'* / /D/20H/B/r/<yv/ THROUGH HIS EFFORTS THE FIRST prohibition bill EVER PASSED IN this COUNTRY WAS PUT THROUGH THE /Wfj? MAINE LEGISLATURE. IPhe RIO GRANDE RIVER CHANGED I \ ITS COURSE SO OFTEN THAT IT BECAME *1 NECESSARY TO APPOINT A COMMISSION' 1 > \ ? TO SETTLE BOUNDARY DISPUTES'. IN \ ONE night; farmers frequently LOST I \\\[ ■ OR GAINED HUNDREDS OF ACRES OF LAND. V VU \ f P 1933 *Y Mgs SEBVKt. INC. ,S'

The treaty of Guadeloupe, Hidalgo. :n 1848, fixed the boundary line between the United States and Mexico as the “middle of the Rio Grande, following the deepest channel.’’ But the soil through which the river flowed was loose and sandy, and new courses were formed with every flood. Perplexing situations arose. A Mexican rancher would go to bed at night, in his home in Mexico, and wake up the next morning to find himself living in Texas. Disputes so numerous that a boundary commission was appointed, with members from both countries. NEXT: What race predominates in numbers? In the Cotton Markets CHICAGO —Jan. 25 High. Low. Close. March 6.27 6 22 6.22 Mav 6.42 6.36 6.36 Julv 6.53 6.48 6.48 October 6.72 6.67 6.67 December 6.88 6.80 6.80 NEW YORK January 6.16 6 10 6.16 March 6.21 6.14 6.15 Mav 6.33 6.27 6.27 Julv 6.46 6.39 6.40 October 6.65 6.57 6.58 December 6.78 6.73 6.73 NEW ORLEANS'. January 6.16 6.13 6.16 March 6 18 6 11 6 13 May 6.32 6.25 6.28 Julv 6.44 6.38 6.39 October 6.62 6.65. 6.57 December 6.74 6.69 6.69 INDIANAPOLIS WAGON WHEAT City grain elevators are paying 41c for No. 2 soft wheat Other grades on their merits

32 — Cloth Measure. 34—Indefinite period of time. 36 A large cask. 37 Used in writing. VERTICAL 1— Loose earth. 2 Japanese statesmen. 3 Elongated, snakelike fish. 4To remain. 5 Drownsv. 6To exist. 7To mail again. 8 — An indefinite article. 11— Sea eagle. 12— lbs. 13— One-half of two. 14— Male parent. IP—Negative. 17—Oozes. 1 9— Value. 20— Dawn. , „ , 21— women's apartments in a Mohammedan residence ml.). 22 A variety cf muskmelon named after an Italian castle. 24—To lav In folds. 33 Allow'. 35__North-northeast (abbr.). The Times Crossword Contest Editor, Indianapolis, within fifteen days after the publication of puzzle No. 30, the last of the series. Be sure your name and address appear plainly upon both envelope and map. 4. The Times agrees to pay the following awards to winners of this contest; First, SSO; second, $25; third, $10; fourth, $5; fifth, $5; sixth, $5, and twenty-five prizes of $1 each. 5. Awarding of prizes will be on the basis of accuracy, legibility, and neatness of presentation. 6. Awards will be made as soon as judging can be completed following close of contest, and names and addresses of winners will be published in The Times. .7. The Times will appoint the judges. Contestant, in submitting entry, does so with the agreement to abide by the decision of the judges as final. 8. The Times can not undertake to return entries, nor enter into correspondence about them. Nor can The Times permit any one to change an entry after it has been submitted. 9. The contest is open to every Times reader anywhere, except employes of this newspaper and members of their families.

INDIANAPOLIS STOCKS AND BONDS (By Newton Todd) The following quotations do not represent firm bids and offerings, but indicate i the approximate markets based on recent transactions or inquiries to buy and sell. Jan. 26 1 Stocks Bid. Ask. Belt R R and Stkyds com 22 26 Belt R R and Stkvds ofd 44 50 Cent Ind Pwr 7% pld 10 15 Citizens Gas com 15 17 Citizens Gas 5% pfd 67 76 Inapls Pwr & Lt 6% pfd ... 61 66 Indpls Pwr & Lt 6%% pfd... 66 72 Indpls Gas com 43 48 Indpls Water 5% pfd 93 99 Indpls Pub Welfare Ln Assn.. 46 51 Nor Ind Pub Serv 7% pld ... 56 60 Pub Servos Ind 6% pfd 30 35 Pub Servos Ind 7% pfd . . 40 45 So Ind Gas and Elec 6% pfd.. 60 65 Terre Haute Elec 5% pfd 47 52 Bonds Belt R R and Stkyds 4s 83 88 Citizens Gas 5s 1942 88*2 92 Indpls Gas 5s 1952 81 83% Indpls Ry 5s 1967 22 28 Indpls Water 4*'is 1940 99 101 Indpls Water 5%s 1953-54 101 103 Trac Terminal Corp 5s 1957 .. 38 43 Joint Stock Land t anks Fletcher 5s .62 66 Ft. Wayne 5s 40 45 Lafavette 5s 35 39 Phoenix (K. C l 5s 60 65 Produce Markets Delivered in Indianapolis prices: Hens, heavy breeds over 4*% lbs.. 11c; Leghorns, tc. Colored Springers. 1% lbs. up. 8c; Leghorn and black. 1% lbs. up. 6c: stags, 6c; Leghorn stags. sc; cox. sc; Leghorn cox. 4c. Ducks, large white full feathered and fat, over 4 lbs.. 6c: small and colored. sc. Geese full feathered and fat. 6c. Young Guineas. 20c: old guineas. 15c. Eggs, api,roved buying grades American Poultry Institute. Fresh eggs. No. 1. 11c; No. 2. 16c: No. 3,12 c; No. 1 current receipts. 12c. Pullet eggs. 7c. Each full egg case must weigh 55 lbs. gross. A deduction of 10c ner lb. will be made for each lb. under 55 lbs. gross. These prices for healthy stock free from feed. No sick poultry accepted. Quoted bv the Wadley Company. BY UNITED PRESS CHICAGO. Jan. 26.- Eggs-Market, steadv; receipt/;, 8.826 cases; extra firsts. 13%®14c: firsts. 13®13%c: current receipts. 12%c: dirties. 11c. Butter—Market, easv; receipts. 6.301 tubs: specials. 17%@) 17%c: extras. 16%c; extra firsts. 16%c; firsts. 16® 16%c: seconds. 15' 2c; standards. 17c Poultry—Market, steadv to weak; receipts. 28; fowls. 12®13c: springers. 12%®, I3c; Leghorns, lie: ducks. 10c; geese. 8c; turkeys. 10® 14c: roosters. 9c; Leghorn broilers. 9%c: stags. 10c. Cheese —Twins. 9’*® 10c; Longhorns. 10%®10%c. Potatoes—On track. 198; arrivals. 54: shipments. 576: market, dull; Wisconsin Round Whites. 67%®72%c: Idaho Russets. *1 10® 1.15; Colorado McClures. $1.20; Michigan Russet Rurals. 70®72%c. CLEVELAND. Jan. 26.—Butter—Market, easv; extras, 20%c: standards. 21c. Eggs— Market, firm; extras, 14%c; curren receipts, 14c. Poultry—Market, steady; heavy fow!3. 13®14c; medium fowls and pullets. ll®12c; heavy springers, ll®12c; Leghorn •springers, 10®llc; No. 2 chickens. 8c; ducks. 10@llc: geese, 10® 11c; turkeys, under 15 lbs., 13® 16c: turkeys, over 15 lbs.. 13c; old toms. 11® 12c: old roosters, B®9c; stags, 10c: broilers. 14® 16c; capons. 13®. 15c. Potatoes—Ohio. New York and Pennsylvania. 100-lb. sacks, cobblers and round whites. U. S. No. 1. and partly graded. 60 ®80c; best mostly 70® 75c; Ohio. New York and Pennsylvania, sacks a bushel, cobblers and round whitse, U. S. No. 1. and partly graded. 60®80e; best mostly 70®,75c: Ohio. New York and Pennsylvania. sacks a bushel, cobblers and round whites, partly graded, mostly 40@45c; few best, 50c; poorer. 35c. NEW YORK. Jan. 26—Potatoes—Dull: Long Lsland. 75c®52.35 per barrel; New Jersey. $1.40: Southern. $1.13®2.25 per barrel. Maine. $1.50® 2 per barrel: Idaho. $1.50 ®2 per sack: Bermuda. s6@7 per barrel. Sweet potatoes—Steadv: Jersey basket. 35c @51.40: Southern basket. 50c®$l. Flour —Quiet: springs: patents. $3.55®3.80 per barrel Pork—Steadv: mess. $14.25 per barrel. Lard —Easv; middle west spot. $4.20 ®4.30 per 100 lbs. Petroleum—Steadv: New York refined. 17c; crude Pennsylvania. 97c (a $1.47 per barrel. Grease—Easier; brown. l%c per lb., vellow. l%c per lb.; white. 2® 2%c per lb. Tallow—Easv; special to extra 2®2%c ner lb. Common hides—lnactive. Hides—Citv packer easier; native sters. 3%®5c; butt brands. sc: Colorados. 4>-c. Dressed poultry—Steadv: turkeys. 12 ®2or: chickens. 12®20c: broilers. 12®26c: capons. 12® 26c: fowls. 8® 18c: ducks. 8® 12c: Long Island ducks. 14*2® 16c. Live poultry— Firm: geese 11® 15c: turkeys. 12 ®l3c: roosters. 8® 10c; ducks. 12® 17c; fowls. 12® 18c; chickens. 11® 18c: capons. 13®25c: broilers. 15®18c. Cheese —Quiet: state whole milk fancy to snecials. 16® 18c; voung America. 11® 15c. Butter—Market, unsettled: cream, higher than extra. 18®/ 18%c; extra. 92. 17%c: firsts. 90 to 91. 17%®17\c: firsts. 88 to 89. 17®17%c. Eggs —Market, firm; special packs, including unusual hennerv selected. 17®17%c: standard 16% @ 16%c; rehandled receipts. 15%@ 16c.

Investment Trust Shares

(Bv Abbott, Hoppin k Cos.) Jan. 26 — Am Bank Stks Corp % 1.50 I 1.65 Am Founders Corp 87 1.00 Am k Gen Sec, A 500 10 00 Am Investment Trust 5h.... 1.00 10 00 Basic Industry Shares 2.05 2.15 British Type Inv. Tr. Sh 55 .75 Collateral Trustee Shares, A 3.05 320 Corporate Trust Shares < old > 1.65 175 Corporate Trust Shares (new) 1.66 1 90 Cumulative Trust Shares ... 2.79 288 Diversified Trust Shares. A ... 7.12 7.50 Diversified Trust Shares, B .. 562 625 Diversified Trust Shares: C.. 2.20 240 Diversified Trust Shares, D. . . 3.87 4.25 First Insurance Stock Corp ... 1 87 2.25 First Common Stock Corp ... 140 1.65 Fixed Trust Oil Shares .A. .. 5.85 595 Fixed Trust Oil Shares .B 4.70 4 80 Fundamental Trust Shares, A 3.00 3 25 Fundamental Trust Shares. B 3 00 3 25 Leaders of Industry, A ....... 2.12 2.25 Low Priced Shares .. . . 212 3.00 Mass Inves Trust Shares.... 14 37 15 62 Nation Wide Securities 2 63 2 73 N Am Trust Shares i1953).. 1.37 1 50 N Am Trust Shares 1 55-56).. 1 77 1.87 Petroleum Trust. Shares. A . . 5 00 10 00 Selected Am Shares 180 1.95 Selected Cumulatives Shares. . 5.12 5 50 Selected Income Shares .... 262 3.00 Std Am Trust Shares .. 2.62 2 12 Super Am Trust Shares. A . 2.50 260 Trust Bhares of America ... 237 2.75 Trustee Btd Oil. A 3 12 3.50 Trustee Std Oil, B 3 12 3.50 U S Elec Light k Power. A .15 00 15 50 Universal Trust Shares 2.10 2.20 Births Bora Bert and Norma Redington, 902 East Morris. Harry and Alma Eisner. 1037 Hervey. Allen and Rea Thompson, 1204 Calhoun. , Girls Joseph and Olive Shaw, .2 Hoefgen. Deaths Frank Young. 52. Long hospital, chronic myocarditis. Grace E. Williams, 57, Carrollton, encephalitis. Charles Lahr. 74. Central Indiana hospital. chronic myocarditis. Helen E. Johnson, 25. 59 North Holmes, carcinoma. Jo Ann Mays, one month. 2334 North Capitol, cholera infantum. Doris L Collins. 17, City Hospital, general peritonitis. Leßoy Armstrong. 59. Roosevelt Hotel, chronic organic heart disease Katherine McLaurin. 34, woleman hospital. general peritonitis. William Carr, 7 days, 932 East Thirtieth, non closure of foramen ovale.

JAN. 26, 1933

LAW TIGHTENS ON DEDUCTIONS IN INCOME TAX More Restrictions Placed on Losses Incurred in Stock Market. This is the fourth of tlx articles on the new income tax law that upward of thrre million new taxpayers most become acquainted with before March 15. BY ROBERT TALLEY NEA Service Writer WASHINGTON. Jan. 26.—1f you lost money in the depression year 1932 as the result of the stock market decline, bad debts, depreciation, fire, flood or even burglarys, you can get some deduction for these in your income tax report March 15. But the law has not been liberalized in this respect—in the case of stock market losses it even has been tightened. An important 1933 change is the new limitation placed on deductions for losses incurred in sale or exchange of stocks and bonds that the taxpayer had held for less than two years, and which, therefore, are not classified as “capital assets." Some Deduction Allowed Briefly, this measn: If, by the sale or exchange of such securities in 1932. you incurred losses, you can deduct such losses from your taxable income only to the extent that you made taxable gains from similar sources in the same year. If the 1932 losses exceed the gains, the excess, in an amount not greater than the 1932 net income, may be carried forward and taken as a deduction against similar gains next year. To claim any loss at all, though, you actually must have taken a loss in sale or exchange of such securities. Mere depreciation or shrinkage in value of securities that remain in the taxpayers’ hands doesn't count. Doesn't Apply to Brokers The new limitation does not apply to brokers who deal in securities for re-sale to customers. Government, state, municipal and foreign bonds are specifically excluded from its terms. Here are other deductions that both individuals and corporations may claim to reduce taxable income: Bad Debts Debts that can definitely be shown as worthless in the year for which the return is made can he deducted from gross income. Court action as proof that the debt is worthless is not essential. DEPRECIATION—This deduction must be confined to property actually used in trade, business or profession plus machinery, etc.—and does not apply to homes. In general, it applies to capital assets the cost of which can not be deducted as a business expense. Taxes Are Deductible FIRE, STORM. THEFT. ETC Such losses are deductible only to the extent that they are not covered by insurance. TAXES—Taxes paid on real estate and personal property in 1932 are deductible, except special taxes (for street paving, etc.) that enhance the value of the taxpayer's property. The federal income tax can not be deducted, but deduction may be made for income taxes paid to states. INTEREST—As interest received is taxable, interest paid is deductible, This applies generally to interest paid on debts, real estate mortgages, and the like. Interest paid on behalf of a friend or relative where there is no legal obligation on the part of the payor is not deductible, the law regarding this as a gift. Contribution—ls made to an established charity organi2tion, they are deductible, but contributions made directly to financially disinterested relatives or friends are not deductible. Contributions to churches, scientific, religious and educational organizations are deductible in an amount equal to 15 per cent of the taxpayer’s net income. As for the new taxes enacted by congress last summer in its sweeping effort to balance the federal budget, the law varies. Those that are levied on the manufacturer are not deductible; those levied on the public directly are deductible. But an individual can deduct the tax he paid in 1932 on bank checks, on the rent of a safety deposit vault, on his electric light bill, club dues, telegrams, telephone conversations, etc., since the law levies these on him directly. Admission taxes to theaters, movies, ball games, etc., are deductible, but the taxpayer must be able to show that he has kept an account of the amount paid. State automobile licenses are taxes and therefore deductible, as are license fees exacted by a state or city upon certain businesses. We buy and sell: U. S. GOVERNMENT BONDS U. S. TERRITORIAL AND INSULAR BONDS INDIANA MUNICIPAL AND GRAVEL ROAD BONDS land bank bonds BONDS AND STOCKS OF INDIANA CORPORATIONS GENERAL MARKET MUNICIPAL AND CORPORATION BONDS =l= INDIANAPOLIS BOND AND SHARE CORPORATION NoFfh PtnntylvamaSl., Indianapolis Telephone Riley 4551 Write for Our List of January Investment Suggestions T. P. Burke & Cos. Incorporated SUITE 272 CIRCLE TOWEB RHONE Kllry 8536 ★ Safety for Savings FLETCHER AMER;CAN NATIONAL BANK Southeast Carr.er of Market end Pennsylvania