Indianapolis Times, Volume 44, Number 225, Indianapolis, Marion County, 28 January 1933 Edition 02 — Page 9

'JAN. 28, 1033

STOCK MARKET DIPS ON WEAK TONE IN STEEL Favorable Reports Ignored by List Except in Rail Section.

Average Stock Prices

Average of thirty Industrials for Frlds\ High 61.98, low 60 03, last 6143. oft .30 Average of twenty rails 28 73, 27 30. 28 18. up 81 A f age of twenty Utilities 27.73, 27 03, 27 45, oft .20 Average of forty bonds 80 43, unchanged. BY ELMER C. WALZER I'niled Press financial f.riitor NEW YORK, Jan. 28.—Prices sllppod back on the Stock Exchange today but changes on the whole were slight and volume continued small. Numerous adverse factors worked against the market. The mast important was word from authoritative sources that in all probability the United States Steel preferred dividend would be changed when directors meet Tusday. Some anticipated reduction of 50 per cent from the $7 present annual rate; others predicted omission. The steel discussion affected the shares of that company. Steel common broke below 28. while the preferred lost, nearly 2 points. Action of these issues unsettled the whole market. General Motors dipped % to clase at 13' i. Its low for the session, despite several favorable items in connection with the company. General Motors reported its employes in the United States increased 12,642 during Decrmber and 26.376 for the last four months. The president of Chevrolet told Dow-Jones today January production would run to 62.000 units, the best monthly total sinoe July, 1931. Sales Volume Off Sales totaled 300,075 shares, against 366,377 shares last Saturday. Dow. Jones X Cos., preliminary averages: Industrial 60.71, off .72; railroad 28.13, off .35; utility 27.29, off .16. Aggregate market value of ten leading issues was $5,465,701,136, against $5,530,223,405 Friday, a decline of $64522,269. Further selling in the tobaccos, weakne.su in amusement stocks and bonds and irregularity in rails were other unsettling factors within the market. Outside of stocks, German bonds broke on resignation of the cabinet; the dollar dipped in relation to other currencies; car loadings declined 9,888 cars from the preeedin gweek, .although the comparison with 1932 was considered! favorable, and small declines were noted in grains and cotton. On the favorable side were reports of improved sentiment in wholesale and retail trade; a rise of 5 points to 20 per cent of capacity at. Youngstown district steel mills; improvement in various sections of the motor industry aside from Ford, now in difficulties because of a strike in one of the plants supplying Ford bodies; fewer bank closings in the past week. Utilities Hold Steady Behavior of the railroad shares was considered favorable. Delaware Sc Hudson continued in demand, crossing 50 for a gain of more than a point. Several others registered fractional gains. Others held steady. New York Sc Harlem, an inactive issue and wide mover, jumped 9 i points to 119 for no particular rea- j son. Utility issues ruled around the previous close. American Telephone dipped below 105 near the close, against a previous close of 105 "i. Farm equipments eased off withj wheat. American Sumatra Tobacco | moved up while the major tobacco: shares decliiv'd. American Can. I ynited Aircraft. Allied Chemical,! Westinghouse Electric and other I leading industrials were lower.

Bank Clearings

INDIANAPOLIS STATEMENT —an. 28— Clearings t 1.450.000.0(1 Debit."; 3.434.000.00 Clearings for week 9.572,000.00 Debits lor week 21,671.000.00 TREASURY' STATEMENT Net balance for Jan $351,922,540.55 Expenditures 5,422.542.68 Customs rects. mo. to date.. 15,761.949.48

Foreign Exchange

ißv Abbott, Hoppin <t Cos.) —Jan. 28— Open. Close, i Sterling. Encland S3 39 !?- 16 $3 38'.. Franc. France 0309na00- 1 * Lira. Italy . 5011’ 051l'a ! Franc, Belgium 1383 .1330 Mark. Germane 3380 .2381 Guilder. Holland 4021 .4017 Peseta. Spain 0819' a .0819 Krone, Norway 1740 .1740 Krone. Denmark .1688 .1635 Yen, Japan 2088 .2088

INDIANAPOLIS STOCKS AND BONDS

<Bv 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. ! —Jan. 28— Stocks Bid. Ask. Belt R R and Stk.vds com 22 26 Belt R R and Stkvds pfri .44 50 Cent Ind Pwr ~,' r pfd 10 15 C'.ttzens Gas com 15 17 Citizens Gas 5 pfd 67 76 Indpls Pwr & It 6 pfd ... 61 66 Ir-.on’s Pwr A- Lt Pfd 66 72 Indpls Gas com 43 48 Indp.s Water sro5 r o pfd 93 99 Indpls Pub Welfare Ln Assn.. 46 51 Nor Ind Pub Serv 7r> nfd.... 56 po Pub Serv rs Ind 67- pfd ?9 35 Pub Sort of Ind 7T erd . 40 45 So Ind Gas and Elec 6 ; pfd . 60 65 Terre Haut# Elec SG, pfd 47 53 Bonds Belt R R and Stkvds 4s 83 88 Citizens Gas 5s 1942 £3'i S2 Indpls Gas 5s 1952 Si 87' 2 Indpls Rv 5s 1967 22 28 Indpls Water 4'..s 1940 09 101 Indpls Water 5’;S 1953-54 101 103 Trac Terminal Corp 5s 1957... 38 43 Joint Stock Land Banks Fletcher 5s 62 66 Ft Wavne 5s 40 45 Lafayette 5s 35 39 i Phoenix tK. C) 5s 60 65 j

CHICAGO STOCKS

(By Abbott. Hoppin & Cos 1 —Jan 28 - ... High. Low. Close. Asbestos Mfg ... 41, Bendix Awation 9 5 9*. 9\ Borg-Warner 8"* B's 8* i Cent A: So West ji 2 Chi A Northwestern 4 1 , 4' a 4', Cities Service js, , a*. Commonwealth Ed.son.. . . 78 Continental Chicago I‘, l', i. Cord Coro 6', 6'- I Great Lakes Aircraft Marshall Field 4> a Middle West Utilities a. North Air.tr Light &Pr 5 I Pines Witjterfront 2 t Quaker Oats 82 81 81 Swift & Cos 8 U S Gypsum, com 22’a Walgreen Cos com 13’ 12 'a 13’

DOW-JONES SUMMARY

General Railway Signal Cos . for year of 1932 reported net earning amounting to S! 85 a common share, against $3 33 a share In 1931. Rnbarriptlon* for the s2s<l.ooo.oftn 5year 2H per cent treasury note* totaled $7.800,000,000, American Brake Shoe At Foundry Cos . for year of 1932 ■-howed earnings oft 2 70 a share on 7 per cent preferred stock, against 51 14 a common share after preferred dividends In 1931. Daily average volume of reserve bank credit outstanding during t> rrk ended Jan 2.8. amounted to 82,030.000 000, a decrease of 824,000 000 from previous week, but 8267,000,000 increase over like 1932 wee*. General Outdoor Advertising Cos., declared the regular quarterly dividend of $1 .80 on preferred stock, payable Feb. 15, of record Feb. 6. Brokers loans during week ended Jan. 25, increased 111.000.000 to 5378,000.0tK1; non-brokers loans decreased $6,000,000. T C. G approves 81.300.000 loan bv Reconstruction Finance Corporation to Missouri Pacific to meet taxes and equipment maturities. Reserve system ratio on Jan. 25, totaled 65 4 against 64 7 a week ago. and 87 4 a year ago: New York bank ratio 59.8 against 59.1, and 69 6 respectively. Intertvpe Corporation declared Ihe regular quarterly dividend of 82 on first preferred stock, payable April 1. of record March 15. California Lands Inc. subsidiary of subsidiary of Trans-America Corp., in 1932 soid 246 farms at total price of 81,283,798 with down payments totaling 29.3 per cent.

In the Cotton Markets

CHICAGO —Jan. 28—High. Low. Close. March 6.22 6 17 6 19 May 6.35 6.30 6.32 Julv 6.46 6 42 6 42 October 6.65 6 60 6.60 Occember 6.76 6.72 6.72 NEW YORK High. Low. Close. January 6.74 6.73 6.73 March 6.13 6.07 6 10 Mav 6.26 6.19 6.24 Julv 6 39 6 34 6 37 October 6 58 6 51 6.56 December 6 71 6.66 6.69 NEW ORLEANS March 6.10 6 05 6.09 Mav 6 23 6 18 6.22 Julv 6,36 6 32 6 34 October 6.52 6 49 6.52

Indianapolis Cash Grain

—Jan. 27 The bids for car lots of erain at the call of the Indlananolls Beard of Trade, f. o. b.. rhinnine point, basis 41 %c New York Rate, were: Wheat—Easv: No. 1 red. 414?42c: No. 2 red. io<ri/\c. No. 2 hard 42ft43c. Corn—Easv; No 3 white. 15%®16%c: No 4 white. 14%®15%c: No. 3 vellow, 15% <!i‘l6%c; No. 4 vellow. 14%’ST6%c; No. 3 m,::erl. 14%'5T5%c; No. 4 mixed, 13%4t 14%c. Oats —Easv: No 2 white. 13*413 3 ic: No. 3 white. 12%4i 13 ’*c. Hnv—Steady; iF. o. b. country points takinq 23’or less rates to Cincinnati or Louisville, i No. I timothv. $5.50® 6; No. 2 timothv. ss® 5.50. , —lnspections Wheat—No. I red. 1 car; No. 2 red. 1 car. Total. 2 cars. Corn- No. 3 white. 5 cars: No. 4 white. 4 tars: No. 2 vellow. 2 cars; No. 3 vellow 1 car; No. 4 vellow. 12 cars: No. 5 vellow. 2 cars. Total. 26 cars. Oats —No 2 white. 4 cars; No. 3 white. 15 cars. Total. 21 cars. TOLEDO CASH GRAIN If;i United I’re ss TOT.EDO. Jan. 27.—Grain close: (grain in elevators, transit billinqi- Wheat. No. 2 red. 53® 54c: No. 1 red, lr premium. Corn No 2 vellow, 294130 c. Oats. No. 2 white. 204; 21c. Rve —No. 2. 434/44c. Bariev- No. 2, 304?31c. (Track prices 28%c rate). Wheal No. 2. rrri. 48%4;49c; No. red, 49%W50c. Corn -No. 2 yellow, 24’big 26c; No. 3 vellow, 23%4;24%c; No. 4 yellow 22® 23c: No. 5 yellow, 20%®21%c. Oats No. 2 white. 17%®-18c: No. 3 white, 174/171%. Seed close: Clover—cash, 55.408; nlsike cash, 55.808. Produce: Butter—fancy creamery. 22c. Eggs—extras, 12® 13c. Hav—timothy, per cut, 80c. CHICAGO CASH GRAIN I!ii T'tiilid Pit** CHICAGO. Jan. 27.—Cash grain close: Wheat, no sales. Corn—No. 2 mixed. 23® 23 %c; No. 3 yellow. 23%%24’*c; No. 4 ’ ellow. 22’*t23 , *c; No. 5 yellow’, 22**0; No. 2 white, 25%c; No. 4 white. 22%c. O a No 2 white 16**4517c: No. 3 white. 16’.ac: No. 4 white. 15c; sample grade. 10%4t12%c. Rve—-no sale. Bariev —24® 36c. Timothy—s2,2s4? 2.50. Clover—s6.so 4? 8.75. Cash provisions—Lard. $3.87; loose, $3.30, leaf, $3 25; O. S. bellies, $3.87. INDIANAPOLIS WAGON WHEAT Citv grain elevators are paving 41c for No 2 soft wheat other grades on their merits

Chicago Fruit

Bii 1 it it rd Pi rns CHICAGO, Jan. 28.- Apples—Michigan Jonathans bushel, $1.16(1/1.25: Spies bushel. $1.1545 1.35: Mclntosh bushel. [email protected]; Greenings, 85c® sl. * GLADIOLI ON EXHIBIT Prize Exhibit lo Bp Held Sunday at Midwinter Meeting:. A prize exhibit of gladiolus bulbs, showing the most perfect, the heaviest, the one of greatest diameter. and the best collection, will be made Sunday, at the midwinter meeting and show of the Gladiolus Society of Marion county, in the j Spink Arms, Bulb entries will be judged by j Paul Ulman of Auburn, a member of the Indiana department of conservation. Among the members of the American Gladiolus Society and the Indiana Gladiolus Society attending the meeting will be Roscoe Huff, national secretary; Claude Enslen of Marion, state president, and Kenneth Lindsey of Warsaw, state - secretary.

111. - Tr.a* m..i r„ aliov, mates! A tramp v steamer lies dead ahead! Moil the seissors. cut out the sever) puzzle pieces below, darken tlioir harks with crayon or pencil and see if you can form the ship* silhouette ■ —...... „ Did you catch that leaping fish? He was game from head to tail. Here's how he looks on the i stringer* , _

PORKERS CLOSE WEEK'S TRADE IN FIRM RANGE / Cattle Market Nominal on Light Receipts: Sheep Unchanged. No changes of any consequences were recorded in hogs at the city yards this morning, prices holding firm with Friday's average. The bulk, 160 to 210 pounds, sold for $3.45 to $3.55; 210 to 250 pounds, $3.35 to $3.50; 250 to 300 pounds, $3.25 to $3.35. Heavier weights sold for $3 15 to $3.25. Light 140 to 160 pounders brought around 3.40. Slaughter pigs ranged from $3 to $3.25. Packing sows were priced at 52.35 to 52.65. Swine receipts were 2,000. Holdovers were 173. Trade in the cattle market was nominally steady. The close was draggy. Best heifers, weighty steers and heavy cows were weak to 25 cent slower. Other classes were about steady. Bulk of steers and yearlings sold for $4 to $5.50, top steers bringing $6.25. Top yearlings sold for $6.50. Butcher heifers made the market at $4 to $4.75. Fed heifers sold for $5 to $5.50, a few up to $6. Beef cows ranged from $2 to $2.75, a few early sales up to $3 and $3.25. Low cutter and cutter cows brought $1.50 to $2. Rceipts were 50. Vealers were 50 cents lower at $6.50 down. Calves receipts were 50. Not enough sheep were on hand this morning to make a real test cf the market. Prices were quotably steady at the week’s 25 to 50 cent decline. Week's top on native and fed western lambs was $6.75, made earlier in the week. Closing sales were mostly around $6 down. Receipts were 50. Trading on hogs at Chicago was irregular on light receipts and a weak demand. Asking held steady with Friday’s average, while few scattered bids declined around 10 cents. The bulk of 200 to 270 pounds was bid in at $3.25 to $3.40. Receipts were estimated at 10,000, including 9,000 direct; holdovers, 2,000. Cattle receipts were 1,C00; calves, 100; market unchanged. Sheep receipts numbered 1,000; market steady.

HOGS Jon* Bulk Top Receipts 23. $3.45® 3.60 $3.60 3 900 oi 2 £s® 3.50 3 50 7.000 25. 3.35® 3 4d 3.45 6.000 26. 3.35®> 3.45 3.45 5,000 27. 3.50® 3.35 3.55 5.000 28. 3.35® 3.55 3.55 2.000 Market, steady. Light Lights—■ (140-1601 Good and choice....s 3.35® 3.40 —Light Weights—-(l6o-180) Good and choice ... 3 45® 3.55 (180-200) Good and choice... . 3.45® 3,55 —Medium Weights—-(2oo-220) Good and choice.... 3.40® 3.55 (220-250) Good and choice.... 3.30® 345 —Heavy Weights—-(2so-2901 Good and choice.... 3.25® 3.35 (290-350) Good and choice.... 3.15® 3.25 —Packing Sows—--1350 down) Good 2.50® 2.75 (350 UDI Good 2.25® 2 65 (All weights) Medium 2.10® 2.35 —Slaughter Pigs—-(loo-130) Good and choice.... 3.00® 3.25 CATTLE Receipts, 50: market, steady. ... (sso-1.1001-Good and choice $ 4.75® 6.75 Common and medium 3.25® 5.C0 (1.100-1.5001 Good and choice 4.25® 6.60 Medium 3.50® 4.50 —Heifers—-(sso-750) Good and choice $ 4.75®6.50 Common and medium 3.25® 4.75 (750-900) Good and choice 4.25® 6.25 Common and medium 3.00® 4.25 . —Cows— Good 2.50® 3.25 Common and medium 2.00® 2.50 Low cutter and cutters 1.50@ 2.00 —Bulls (yearlings excluded) Good (beef) 2.75® 3.25 Cutter, common and medium.. .75® 2.75 VEALERS Receipts. 50; market, steady. Good and choice $ 6.50® 7,00 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—-(soo-800) 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'a 4 00 SHEEP AND LAMBS Receipts. 50; market, steady. —Lambs—'9o lbs. down) Good and choice.ss.7s® 6.25 (90-110 lbs.) Good and choice.. 5.50® 6.15 (90 lbs. down) Common & med. 3.00® 5.75 —Ewes— Good and choice 1.25® 2 25 Common and medium 75® 2.25

Other Livestock BY UNITED PRESS CHICAGO. Jan. 28.—Hogs—Receipts, 10,- | 000. including 9.000 direct; meager supply I on sale, early bids and sales 10® 20c below Friday's average; weights above 220 lbs., steady to 10c lower; packing sows j scarce, weak; odd lots 170-210 lbs. sold at I 53.40; early top, $3.40; few bunches held ; higher; 220-300 lbs.. $3 15®3.40' heavy i weights scarce; better grade 140-160 lbs., 53.20®3.40; few pigs, $3.10 downward: odd ( lots packing sows. $2.50®2.80: shippers j took 500; holdovers, 1.000. Cattle Receipts, 1.000: compared week ago; weighty steers, 15® 25c lower; big weights 25® 40c ofT; extreme top heavy steers, 1.406-lb. averages, $6; bulk heavies, 54.25®4.75: big weights. $3.25® 3.80: light steers and yearlings generally steady, lower grades active: extreme top long yearlings, 57.25: bulk, $4.25® 6.50: light heifers and mixed vearj lings uneven, strong to 25c higher on lower grades, weak to 5c lower on better grades; best heifers. $5.75 in load lots: light heifers and mixed yearlings uneven, strong to 25c higher on lower grades, weak to 25c lower on better grades: best heifers, $5.75 in load lots: lightweight beef cows, also cutter cows; firm to shade higher; heavy beef ! cows dull, draggy; bulls firm: veale'rs 50® .5c lower: supply weighty steers excessive; stockers weak to 25c lower, supplies light Sheep—Receipts. 1,000: today's market nominal: for week ending Friday. 84 doubles from feeding stations. 16.200 direct: market closed erratic, lambs scaling under 90 lb- . mostly steady, heavier weights weak to unevenly lower, off 50c lh instances: sheep largely steady; closing bulks follow; desirable native lambs scaling under 90 lbs $5.50® 6: fed westerns grading good and choice. So® 6: around 100-lb. weights inside figure; week's earlv top. $6.65: fed yearlings, 5i.505 5.25; aged 115-125-lb. wethers, s3® 3.25; fat ewes. s2® CINCINNATI. Jan. 28.—Hogs—Receipts 1.300. 695 direct and through, steady to 5 ££ n -l s , nigh”: good to choice. 160-225 lbs. $3. ,0v 3.75: 230-250 lbs.. $3.50® 3.65; 250- “ 5 lbs • *3 25® 3 50; a few weightier butchery mostly $3.15® 3.25: a few 120-1404 lbs $3.2£; some held at $3.30: a lew sows. s2® 2.25. Cuttle—Receipts. 225. Calves—Receipts 75: nominal. Sheep— Receipts. 1 100mostly direct and through; market nom: inal. TOLEDO. Jan. 28.—Hogs Receipts. Ucht; market, steady. Cattle—Receipts, 125; market steady. Calves—Receipts— Light: market steady. Sheep and lambs— Receipts light; market steady. FT. WAYNE, Jan. 28—Hog market 5c lower: 100-140 lbs.. $3.30: 140-200 lbs., $3.45: 200-225 lbs.. $3 35: 225-250 lbs., $3.25: 250-300 lbs. $3.20: 300-350 lbs.. $3 10roughs. $2.25®2.50: stagy. $1.50: calves. $7: ewe and wether lambs. $6.25; bucks. $5 25. Cattle market—Steers, good to choise. ss® 5.50: medium to good. $4.50®5; common to medium. s3®4; heifers, good to choise. $4,501)5; medium to good. $454.50; common to medium s3®4: cows, good to choice. s3® 3.50; medium to good. $2.50® 3; cutter cows, $1.75® 2.25: canner cows. sl® 1 50; bulls, good to choice. s3®3 25: medium to good. $2.50 S3; common to I medium, $25 2.50; buicher bulls, $3.25® 3.75. Bp United Press LOUISVILLE. Jan. 28.—Cattle—Receipts. 50: compared week ago slaughter classes ; mostly steady with some weakness on i steers with weight; bulk common and me- ( dium steers and heifers, $3.25 :4 50: load 'or so $4 75® 5. and top. 585-lb heifers, $5 50; bulk beef cows. $2.25® 3: latter pracI tical top low cutters and cutters. sl®2: : bulls. $3 down; bulk Stockers and feeders. S3® 4: calves, receipts. 300: Saturday s market. 50c lower: closing bulk good and ehoic.* vealers. $4 50® 5.50: medium and lower grades. 53.50 down; market around steady with last Saturday. Hogs—Receipts. 350; Saturdays market steady; 175-240 lbs . $3 60: 245-995'lbs . $3.35: 300 lbs up S2 95: 135-170 lbs.. $3.35: 130 lbs. down $2 70. sows, $2.75 and stags. $1.70; weights 175 lbs. up' including sows mostly 5c lower for week: lights und pigs 15c and 40c lower. Sheep—Receipts. 25; Saturday's market nominal, unchanged for week: bulk good lambs, $5.75 to mostly. $6; lot or so choice handy weights. **2s. medium and lower Sides. $5 25 down fat ewes, $162. Friy a shipments, none.

THE INDIANAPOLIS TIMES

New .York Stocks (Bv Thomson St McKinnon 1

—Jan. 28— _ Railroads — Prev. High. Low. Close, close. Atchison 44% 43% 43* * Atl Coats Line. 23a 23 22a 22% Balt & Ohio 10U 9% 9 ™% Chesa Sc 0hi0... 29 >* 28% 29 29% Chesa Corn 17% 17 IV* }' * Can Pac 11 10% 10 a U Chi Grt West *% C R I <fe P <‘* a;, Dei L Sc W ... 24% 25 25 25 t Del Sc Hudson... 50 * 48 *B'* 49 Erie * Erie Ist ofd ••• .s'* Great Northern 10 9% 9’* JO Illinois Central.. 14% 13% 13’* 14 Kan Citv So 8 Lou Sc Nash ... 26% 26 26 20% M X Sc T .... 7% Vc i\ 2 Mo Pacific .... 32% 2* 3 Mo Pacific pfd.. s>i 4% 5 * j> * N Y Central.... 19% 19- 19;a 19ja Nickel Plate .. 3'* 3 % 3a 3 * NYNH Sc H . 16’2 15 }6% 16 . Nor Pacific 14% 14 2 14a lo a O Sc W 10% 10% 10% ••• Pennsylvania ... 18a 18% 18 a Ijj a Seaboard Air L. .. ••4,, .„:, B So Pacific 18’i l'% *‘ a i’, Southern Rv ... 6 5 a o a 8 St Paul S v St Paul pfd 2% ft St L & S F••• * -L Union Pacific .. 75% 74% <? 7b * W Maryland = 3 4 b Equipments— Am Car & Fdy 7 ... Am Locomotive ®. 4 Am Steel Fd ~ Am Air Brake Sh 10% 10% 10 2 }0 * Gen Am Tank.. 18% 18 18 J 8 : Ge ieral Eiec ... 15% 15 15 s J? * Gen Ry Signal ■ 13 N Y Air Brak,e 8% ••• Pullma®! 1 C * T . 22 7 i *22 1 a 22>2 22% Westhing 29’* &% 28'. £ Firestone 13% 13'* 13'* 13 * Goodrich •••. ,5 Goodyear 15% 15'2 15% 16 U S Rubber .... 4'.* 4% 4% 4',a Motors— . . Auburn 47 46a 46 a 47 a Chrysler 13% 13% J3% 13a General Motors.. 13’,2 13’,4 13% 13a Graham Paige 1* l a Hudson .’ ■* Hupp ... 2% 2-4 Mack 17% 17/ 17’r 18 Nash 14% 14 1 z 14% 14% Packard 2’ 2 28a 2% 2 V 2 Rco l 7 a 1% Studebaker 4 3% 4 3% Yellow Truck 3V* 3% Motor Access— Bendix Aviation 9% 9% 9 3 * ■!* Borg Warner .... 8% 8 1 * 8% 8% Briggs 4% 4 a Eaton ... s'/2 5 El Auto Lite 18'/a 18% 18% 18% El Storage B 24% 24% Hayes Body I V* Houda •• • , •• • Murray Body .. 3 2% 33 Stewart Warner 3% Timken Roll ... 1614 15% Mining— Am Smelt ... 13 13’2 Am Zinc ... ... 3 Anaconda Cop.. 7% 7% 7% 7% Alaska Jun 12% 12 12 ... Cal & Hecla 2% 244 2V4 2’* Cerro de Pasco. 7% 7% 7% 7% Dome Mines 13% Freeport Texas.. 23% 23 23'i 23% Great Nor Ore 6% ... Int Nickel .... 7% 7% 7% 7% Isl Crk Coal 13 13 Kennecott Cop. 9 8% 8% 9% Magma Cop ... 7V4 7 7 Noranda 19 18% 19 18% Texas Gul Sul 23 23 U S Smelt 17 V* Oils— Amerada 20% 20 Atl Refining .... 16 1 /* 15% 16 16 Bynsdall 3% 1 | Mstotx . 2% c . Oil 17% Ohio Oil 6% Phillips 5% 5% Pure Oil 3% 3% 3V* 3'* Richfield ... % ■F.oval Dutch 19% Shell Un 4% Simms Pt .. ... 5% Cons Oil 5% s'/a 5% s’/a Skelly 3% 3% 3% ... Standard of Cal 2424% 24 24% 24% Standard of N J 29% 29% 29% 29% Soc Vac 7 6% 6% 7 Texas Cos 13% 13% 13% 13% Union Oil 10%

Steels— Am Roll Mills.. 8% 8% 8% 9 Bethlehem ... ... 15 Byers AM ... ... 13 Vi Colo Fuel ... ... 6' 4 McKeesport Tin. 50% 50% 50% 50% Repub I & 5.... '/4 6% 6% 6% U S steel 28’a 27% 27 7 a 29'a Vanadium ... 12Vi 12% Youngst S * T 11% Tobaccos— Am Sumatra BVi 8 BVi 8 Am Tob (Ai new 59 57% 58 58% Rm Tob (Bi new 60 59% 60 60% Lig & Myers 8.. 59'i 58% 59 60% Lorillard 12% 12% 12% 12% Phil Morris 8% Reynolds Tob .. 32% 32 32 32% Uniter Cig 4 Utilities — Adams Exp 4% 4% 4% 4% Am For Pwr 6% 6% Am Pwr & Li 7% 7% A T & T 105% 104 ! ,i 104% 105% Col C-as & E 1... 16% 16 16% 16% Com & Sou 2% 2% 2% 2% Cons Gas 59 58% 58% 58% El Pw r r &Li 6'/4 6% Gen Gas (A) ... ... 1 % Inti T & T 7% 7 7 7% Lou Gas & El 18 Natl Pwr &Li 13% 13% No Amer Cos 28% 27% 28 23% Pec Gas & E 1... 30 29 % 29% 30 Pub Serv N J.. 53% 53 53 53% So Cal Edison 26 Std Cr &El 12% 12 % United Corp .... 8% 8% 8% 8% Un Gas 1mp.... 19% 19% 19% 28 Ut Pwr & L A 3'4 3% West Union 26% 26% 26% 26% Shipnine— Am inti Corn ... 7 7% United Fruit 30% 30 30 30% Foods— . Am Sugar ... 27% 27% Armour (Ai 1% Beechnut Pkg ... ... 48 Cal Pkg 9% 9 | Coca Cola ... 79'2 80 Corn Prod 55% 55 55 56 Crm Wheat 28 27% 28 28 Cudahv Pkg ... ... 21% Gen Foods 24% 24% 24% 24% Grand Union 5% Hershev ... 52% 53 Jewel Tea 27% 27% Kroger 17% 17% 17% 17% Nat Biscuit 39% 39% 39% 39% Natl Dairy 14% 14% 14% 14% Purity Bak 8% 8 8 8% Pillsbury ... 11% Safeway St .... 40% 40% 40% 40% Std Brands 15 14% 14% > 14% Drugs— Coty Inc 4 3% 3% 4 Drug Inc ... 25% ( Lambert Cos ... 30% 30-% i Lehn & Fink ... 18% 18% Industrials— Am Radiator ... 6% 6% 6% 6% Bush Term 32% 2% .. • Otis Elev 12 12 Indus Cbems— Air Red 61 60% Allied Chem 85% 85% 85% 86% Com Solv 11% 11% 11% 11% Dupont 40% 39% 39% 40% Union Carb 27V* 26% 27 27% U S Ind A1c0... 21% 20 20 20 Retail Stores— Assoc Drv Gds 4% Gimbel Bros * ... ... 1% Kresge S S 9% 9% 9% 9% Mav D Store . . 13% Mont Ward 14Vs 14 14 14% Penny J C 26% 26% Pears Roe 19% 19% 19% -20 Woolworth 33% 32% 32% 33% Amusements— Eastman Kod 57% 57% 57% 59 Fox Film A ... 1% ... Grigsbv Gru Loews Inc 16 15 16 16% p, m Fam 1 % 1 , 1. Radio Corn 4% 4% 4% 4% T '-K-0 1% IV* 1% 1% Warner Bros .... ... 1% 1% Miscellaneous— Pioc & Gam 25% Am Can 80% 60 60 61% J I Case 46’s 45% 45% 46% Cent Can 41% 41 41 41 % C"rtiss Wr 2% 2 2% 2% Gil'ette S R 17% 17% 17% 17% Gold Dust ... .. 1 4 % T nt Harv 22% 21% 21% 22% Tnt Bnos M 93% 93 Real Silk 8 8 TTn Arcft. 26% 26% 26% 26% Transatrerica .. 5 4% 5 5 Owens Glass 35 35 New York Curb (Bv Thomson & McKinnon) —J an. 28— Close.! Close. Am Cynamid... 4% : Ford of Can,... 6% Am Gas & Elec 30% Ford of Eng ... 3% Am Lt <fc Trac.. 19% Ford of France.. 3’, Am Super Pwr.. 4% Goldman Sachs. 3 Ark Gas A 2%! Gulf Oil 26% Ass Gas & Elec. I’* Hudson Bav .... 3% Braz Pwr & Lt.. 7% Humble Oil 44- s Can Marconi.... 1 Int Pete 10% Cent Sts Elec.. 2% Nia Hud Pwr... 13% Cities Service ... 2% Penroad 1% Cons G of Bit. 64%'St Regis Paper. 2% Comm Edison... 78 So Penn Oil ... 11% Cord 6% Std of Ind 20% Deer Cos 9 Tr Air Tr 4% Elec Bnd & Sh 17% Un Gas (newt.. I’, Elec Pwr Ass.. 4 "Tn Lt & Pwr (A) 1 Gen Aviation... 4% Un Fndrs 1% New York Bank Stocks (By Thomson <fc McKinnon) ——Jan. 28— f Bid Ask.' Bankers 72% 74% Brooklyn Trust 176 191 Central Hanover 143% 152% Chase National 34% 36% Chemical 41% 43% City National 43’, 45’, Corn Exchange 72 Commercial 152 160 Continental 17% 19% j Empire 25’, 27’, i First National 1.500 1.550 ! Guarantv 249 254 | Irving 23% 25% Manufacturers 30’, 32% ; New York Trust 99% 99% Public 29 31 Union Title 23% 26% RAW SUGAR PRICES —Jan. 27 High. Low Close. January 87 .85 .87 March 71 .69 .71 May 73 .71 .73 July 77 .77 .77 September 81 * .79 .81 December 85 .83 .86

LIGHT SELLING FORCES WHEAT OPTIONS DOWN Small Export Demand Main Factor in Grains Decline. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO. Jan. 28.—Moderate strength at Winnipeg and some evening up for the week-end rallied wheat on the Board of Trade today after prices had been lower from the opening. The decline was j checked by buying against bids. | Trading was light and support lackI ing early. Weakness in stocks and disappointing cables were the chief factors. Spreading operations predominated. Corn followed wheat chiefly with news of little importance. The market held to a narrow range, mostly under the previous close. Oats w r as dull and rye uncertain. Export sales estimated near 700,000 bushel helped maintain the Canadian market. At close, wheat was % cent lower, corn % to •% cent lower, oats unchanged, rye % to % cent low r er, and barley % cent lower. Provisions were easy. Receipts w r ere 2 cars of w-heat, 60 of corn and 12 of oats. Cash prices were w r heat unchanged to %: Lower with corn and oats unchanged. Chicago Primary Receipts —Jan. 28 — Wheat 556.000 Corn 433,000 Oats 209,000 Chicago Futures Range —Jan. 28— Open. High. Low. Close. Prev. WHEAT— Close. Mav 47% .47% .47% .47% .47% July 47% .47% .47% .47% .47% Sept 48% .48% .48% .48% .48% CORN— Mav 26% .26% .26% .26'* .26% Julv 28% .23% .27% .27% ,28V* Sept 29% .29% .28% .28% .29% OATS— Mav 17% .17% .17 .17% .17% July Nominal 17% .17V4 RYE— Mav Normal .34% .34% Julv 33% .33% .33% .33% .34 BARLEY— May Nominal .27% .28 LARD— Jan 3.80 3 82 3.80 3 82 3.82 Mar Nominal 3.37 3.87 May 3.92 3.92 3.90 3.92 3.95 July 4.02 4.02 400 4.02 4.05 Sept Nominal 4.15 4.15 BELLIES— Jan Nominal 3 80 3.80 May Nominal 4.00 3.90 July 4.20 4.20 415 4.15 4.00 R)/ Time* Sperinl CHICAGO. Jan. 28.—Car lots: Wheat, 2: corn, 22; oats, 14; rye, 0, and barley, 9.

Investment Trust Shares

(By Abbott, Hoppin & Cos.) —Jan. 28— Am Bank Stks Corp $ 1.50 $ 1.65 Am Founders Corp 87 1.00 Am & Gen Sec, A 5.00 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 3.20 Corporate Trust Shares (old) 1.65 1.75 Corporate Trust Shares (new) 1.66 1.90 Cumulative Trust Shares.... 2.79 2.88 Diversified Trust Shares, A.... 7.12 7.50 Diversified Trust Shares, B ... 5.62 6.25 Diversified Trust Shares, C.. 2.20 2.40 Diversified Trust Shares. D... 3.87 4.25 First Insurance Stock Corp.... 1.87 2.25 First Common Stock Corp.... 1.40 1.65 Fixed Trust Oil Shares .A.... 5.85 5.95 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 2.12 3.00 Mass Inves Trust Shares 14.37 15 62 Nation Wide Securities 2.63 2.73 N Am Trust Shares (1953).. 1.37 1.50 N Am Trust Shares (55-56).. 1.77 1.37 Petroleum Trust Shares, A .. 5.00 10.00 Selected Am Shares 1.80 1.95 Selected Cumulatives Shares.. 5.12 5.50 Selected Income Shares .... 2.62 3.00 Std Am Trust Shares 2.62 2.12 Super Am Trust Shares, A.. 2.50 2.60 Trust Shares of America .... 2.37 2.75 Trustee Std Oil, A 3.12 3.50 Trustee Std Oil, B 3.12 3.50 U S Elec Light & Power, A..15.00 15.50 Universal Trust Shares 2.10 2.20 Liberty Bonds Bp United Press NEW YORK. Jan. 27.—Closing Liberty Bonds: Liberty 3%5. '47 103.17 Liberty Ist 4%5. '47 . 102.27 Liberty 4th 4%5, ’38.... 103.18 Treasury 4%5. ’52 110.28 Treasury 4s. '54 106.27 Treasury 3%5. '56................ 105.6 Treasury 3%5, ’47 102.14 Treasury 3%5, '43. March.... 102.19 Treasury 3%5, ’43, June 102.20 Treasury 3%5, ’49 99.31 Treasury 3s. '55 98.23

Jigsaw-Crosswords Contest —No. 18

wmam? ? r that by reading across the map in ifH ’ MHg HSj dependence, Lincoln’s hirst inau--I||L— UHL.— gural address and Lincoln’s GettysHjgl?' J* burg address. Indicate with an ar- __ _ | row at the left side of the said map .' ;.i ■. 9— Minute openings of the skin. ! these' excerpts'. WP fH 11—Pr ice lg ol K t ransport a tion for a person J 3. Send the completed map to Q| 12— Offensive to the senses. The Times Crossword Contest EdimT7 Slfll ltconsidered''separately, as a thing or 1 tor, Indianapolis, within fifteen days BBS person. after the publication of puzzle No. . .Syn ' n8 ‘ I 30> the last of the series. Be sure |%§| IJ||l is— steals from/' j your name and address appear 20=xised ter writing. plainly upon both envelope and fcjmUygyS 22— To weep with a convulsive catching map. 23-Boxm? packing. ; 4 ' Time ! a^ee f 10 P a ? th e

PUZZLE NO. 18 HORIZONTAL 1— Belonging to me. 2 Rodent. 4 Company (abbr.). 5 Boy's name. 6 Lairs. B—Opera fabbr.l. 10— Used for laundry work. 11— Vessel to hold w ater for baptizing f pi. •. 12— Awav from contact with. 13— -Definite article. 14— Globe on which we lire. 15— Used in rowing. 16— Bashful. 17— Popular city of France. 18— Gambling came. 20— Mores with measured s'eps. 21— A Chinese and Japanese liquid sauce for fish, made from these beans. 22 First of an assumed name of a very Sopular radio character, ta'.e -descendants. 25—South Carolina 'abbr.). 27—In regard to tabbr.). 29—Steal. 30—Plane surface. 31—Jot. 33—Girl's name. 34—Streets tabbr.). 35—Mouth. VERTICAL I—One of the portions into which a year is divided. 2—Steal. 3—lndefinite article. 4—Pennies. s— That which 1* owed. 6—Girl'a name. 7—Steamship tabbr.).

- THIS CURIOUS WORLD -

m.T HYDROGEN J W \XS W f DESCENDS WHEN /) C / 1 ' RELEASED FROW / I J, I 1 THE TOP OF MOUNT l V// 'N .1/1 j WASHINGTON, IN V \ IT TV Si j NEW HAMPSHIRE/ V—T + GREAT ADMIRAL AUD THE HERO OF THE BATTLE OF TRAFALGAR. DISLIKED SHORE LEAVE BECAUSE HE BECAME SEA S/CK WHENEVER. HE RETURNED - TO HIS SHIP. AS THE FAOF |C .

Ballons are used all over the world in making weather observations, especially on Wednesdays and Thursdays, which are designated as International days. On these days special efforts are made to get comparative information throughout the world._

Radio Dial Twisters

VVFBM (1200) Indianapolis (Indianapolis Power and Light Company) SATURDAY

P. M. s:3o—Skippv (CBS). s:4s—Marimba band. 6:oo—Frederick Wm. Wile (CBS). 6:ls—William Hall and orchestra (CBS). 6:3o—Mever Davis orchestra (CBSI. 6:4s—Street Singer (CBS). 7:CO—Easv Aces (CBS). 7:ls—Magic voice (CBS). 7:3o—Budapest gypsv ensemble (CBS). B:oo—Music that, satisfies (CBS). B:ls—Edwin C. Hill (CBS). B:3o—Deutsches Liederstudendchen. 9:00—Boswell Sisters (CBSI. 9:ls—Strolling players. 9:4s—Lvric orchestra. 10:00—Guv Lombardo and Royal Canadians (CBS). 10:30—The columnist. f 10:45 —Harold Stern orchestra (CBS). 11:00—Atop the Indiana roof. 11:30—Lvric orchestra. 11:45—Earl Newport orchestra. 12:00 Mdinight—Jack Tilson orchestra. A. M. 2:3o—Sign off. SUNDAY A. M. 8:00 —Junior Bugle (CBS). B:3o—Melody parade (CBS). B:4s—Marion Carlev ICBSI. 9:oo—Jake’s entertainers. 0:30 —Christian men builders. 10:30 to Noon—Silent. 12 Noon—Thirty tminute men (CBS). P. M. 12:30—Coca Cola hour. I:3o—Bohemians. 1:45 Poet’s Gold (CBS). 2:00 Philharmonic-symphony concert (CBS.) 4:oo—Wheeler city mission. 4:3o—Records. 4:4s—Chicago Knights (CBS). s:oo—Second Presbyterian church. s:3o—Cathedral hour (CBSI. 6 00 —Dr. Juilus Klein ICBS). 6:ls—Boston Concert band (CBS). 6:3o—Louie Armstrong orchestra. 6 -15—Hale Mac Keen. 7:oo—John Henry iFirst Part) (CBS). 7:ls—Kostelarietz presents (CBS). 7-45—John Henry (Second Part) (CBS). g : no—Bath Club (CBS). B:3o—Bohemians. 9:oo—Ernest Hutcheson (CBS). 9:3o—Gauchos iCBS'. IP no—lsham Jones orchestra (CBS). 10:15—Atop the Indiana roof. 10:30—The columnist. 10:45—Jack Wright orchestra. 11 15—Atop the Indiana roof. 11:45—Earl Newport Orchestra. 12 00 Midnight—Jack Tilson orchestra. A. M. 12:30 —Sign off. WKBF (1400) Indianapolis (Indianapolis Broadcasting, Inc.) SATURDAY P. M. 4:oo—Tea Time tunes. 4:4s—News flashes. s:oo—Musical menu. s:3o—Aunt Dessa and Uncle Connie. 5:45—. ..iner dances. s:ss—The Voice of the Capitol. 6:oo—Dauncr trio. 6:ls—Harry Bason. 6:30 —Varieties. 6:4s—The Sportslight. 7:oo—Connie's orchestra. 7:3o—Memories. 7:4s—Orchestra. B:ls—Alice Arnold. 8:30 —Dr. Harad. 9:oo—Evening Moods. 9:3o—Chatterbox orchestra. 10:00—De Sautelle's orchestra. 10:30—WKBF Barn Dance.

8— Uttered by the mouth. 9 Minute openings of the skin. 10— Belonging to thee 11— Price of transportation for a person. 12— Offensive to the senses. 13— Definite article. 14— Considered separately, as a thing or person. 16— Inclosure for swine. 17— Strikes lightly. 18— Steals from. 19— lbs. 20— Used for writing. 22 To weep with a convulsive catching of the breath. 23 Boxes, used for packing. 24 Fact. 26—Deep red color tinged with blue. 23—Point of time from which a series of years is reckoned. 29—Egyptian sun god. 32—Used for feeding horses. 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 —If puzzles have been properly fitted together to form a large i

On windy days, air currents go over the peak of Mount Washington and down the leeward side with such speed that a released balloon is unqble to rise until it has left the side of the mountain. NEXT—Why do some rabbits grow horns?

12:00 Merry Brennan's orchestra. 12:30—Sign off. SUNDAY A. M. 9:3o—Brown County Revelers. 10:00—Watchtower program. 10:15—Sacred concert. 10:30—Crystal Melodies. 11:30—Dr. Harad 12 Noon—To be announced. P. M. 12:15—Dessa Bvrd at the organ. I:oo—Harry Bason. I:3o—Connie's orchestra. 2:oo—Musical Matinee. 2:3o—Classic concert hour. 3:3o—Cadle Tabernacle. 4:4s—Jennie Moore. s:oo—Memories s:ls—Master’s Music Room. s:3o—Alice Arnold and Jimmie Boyer. 6:00 Dr. Harad 6:3o—Connie’s Americans. 7:oo—The Ambassadors. 7:3o—Twilight Reveries. B:oo—Cadle Tabernacle. 9:ls—Musical Masterpieces. 10:00—Chatterbox orchestra. 10:30—DeSautelle's orchestra. 11:00—Morrv Brennan's orchestra. 11:30—Sign off. WLW (700) Cincinnati P M. SATURDAY 4:oo—Jack and Jill and orchestra. 4:ls—Maurice Sherman's orchestra (NBC). 4:3o—Parent-Teacher Forum. 4:4s—Alice Remsen and orchestra. s:oo—Southern singers. 5:15—01d Man Sunshine (Ford Rush). 5:30—80b Newhall. s:4s—University of Cincinnati talks. 6 00—Tonv Cabooch. 6:ls—Gene and Glenn. 6:3o—Notes in business. 7:OO—R. F. D. hour, with "Boss'’ Johnson. 7:3o—Croslev Follies. B:oo—Sunshine bovs. B:ls—Over the Rhine. 8:30—To be announced (NBCI. 9:oo—Dance orchestra (NBC). 10 00—Doodlesockers with Sid Ten Evck. 10 30 —Artie Collins' orchestra. 11:00—Husk O Hare's orchestra. 11:30—Edgewater Beach Hotel orchestra. 12 Midnight—Artie Collins’ orchestra. A. M. 12:30—Sevmore Simon's orchestra. I:OO—WLW artist Bureau Jamboree. 2:00 —Sign off. SUNDAY A. M. B:oo—Children’s hour (NBC). 9 00—Church forum. 9:3o—Three fiddlers (NBC). 9:45—M00d Continental (NBC). 10:00—-Morning musicale (NBCi. 11:00—Organ recital. Arthur Chandler. Jr. 11:14—River reports. 11:18—Roxy's gang (NBC). P. M. 12 15—Waldorf organ recital (NBC). 12:30—Rabbi Tarshish and organ. 1:00—To be announced (NBC). I:ls—Conservatory of music recital. I:3o—Dance orchestra iNBO. 2:00 -Wavne King's orchestra (NBC-Red). 2:3O—J. Alfred Schehl. organist. 3:00 —Radio League of the Little Flower. Rev. Charles Coughlin. 4:oo—Smilin' Ed. McConnell. 4:3o—Dramatization of Love Stories (NBC). s:oo—Croslev Roamios. s:3o—Paul Whiteman's Rhythmic concert (NBC i. 6:ls—Franklin Bens and string trio. 6:3o—Great Moments In history (NBC). 7:oo—Eddie Cantor (NBCi. B:oo—Warden Lewis. "20,000 Years In Sing Sing” INBCI.

outline map, it will be discovered that by reading across the map in certain sections you will find excerpts from three famous American documents: The Declaration of Independence, Lincoln’s hirst 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 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.

PAGE 9

FIGHT RENEWED FOR REDUCTION IN WATER RATE Petition for Rehearing Is Filed With Commission by Mayor Sullivan. (Continued from Page One) Cardie, and Jere West, is challenged in the rehearing petition. McCardle, former chairman, and West have retired since the order was written. Perry McCart, a Democrat, and appointee of Governor Paul V. McNutt. now is commission chairman. The petition filed today bears the signatures of Edward H. Knight, corporation counsel; James E. Deery, city attorney, and Walter C. Rothermel. attorney for the South Side civic clubs. 21 Points Outlined Twenty-one points of attack against the commission order are set out. They include the charges that the rate of return to the company is excessive and the finding not sustained by the evidence: that the valuation found is at least $3,500,000 too high: that the commission erred in including certain company evidence and excluding that, of respondents regarding valuations and rates of return; that the commission rejected testimony of its own chief engineer for that of company witnesses, and should not have included such items as payment* made to the C. H. Geist Company, Inc., Philadelphia, and in refusing to recognize dividend payments to Geist and the fact that he has cut employes’ salaries and reduced their number. Cuthbertson Not a Petitioner A valuation less than $19,000,000 should be determined and rates based thereon, the petitioners contend. Harry K. Cuthbertson, who, as a member of the public service commission, wrote the emergency rate reduction order and appeared as an attorney for apartment owners at the final hearings, and A. B. Cronk, also an apartment owners’ attorney,* did not join in the rehearing petition.

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds over 4% lbs.. He; Leghorns. 6c. Colored Springers. 1% lbs. up. Bc. Leghorn and black. 1% lbs. un. 6c; stags. 6c; Leghorn stags. sc, cox. sc; Leghorn cox, 4c Ducks, large white full feathered ana fat, over 4 lbs.. 6c: small and colored. sc. Geese full feathered and fat. 6c. Young Guineas. 20c: old guineas, 15c. Eggs, approved buying grades American Poultry Institute. Fresh eggs. No. 1. lie: 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 ppr 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 Wadlev Company. RY UNITED PRESS CHICAGO. Jan. 27. Market, steady; receipts. 8.280 cases: extra firsts. 13% ®. 14c; firsts. 13®13%c: current receipts. 12%c: dirties. 11c. Butter—Market, unsettled;, receipts. 10.719 tubs: specials 17 % ® 17% c: txars. 16%c: extra firsts. 16%r; firsts. 15 <. ®lGc: seconds. 15%c: standards. 16%c. Poultry—Market, mostlv steady; receipts. 21 trucks: fowls. 12%®13c; springers. 12% ®l3%c: Leghorns. 11c: ducks. 10c: geese. 8c; turkeys. 10<fe 14c: roosters. 9c: Leg-, horn broilers. 9%c; stags. 10c. Cheese—• Twins. 9%®10c: Longhorn, 10%®10%cPotatoes—On track. 219: arrivals. 81: shipments. 613: market dull: Wisconsin Round Whites. 67%®72%c: Idaho Russets. sl.lo'® 1.15: Colorado McClures. $1.22%. CINCINNATI. Jan 27 - Butter—packing stock No. 2. 12c; No. 3,8 c; butter fat. . 14®16c. Eggs—lower; (case , included) extra firsts. 13®i13%c; seconds, 12c.; nearby ungraded, 13c. Liv# poultry—(following quotations represent prices for poultry in good healthy condition. Thin and coarse stock sells only at heavy discounti. Fowls" 5 lbs. and over. 12c; 4 lbs and over, 12c: 3 3 lbs. and over, 11c: Leghorns, 3 lbs and ' over, 11c; roosters. 7c; stags, 10c; broilers, 1 lb. and over. 15c; 1% lbs. and over. 15c; 2 lbs. and over. 14c fryers, 3 lbs. and over, 12c; 1% lbs. and over. 12c; 2 lbs. and over. 10c. Ducks under 3 ibrsell at liberal concessions. Ducks, whited 4 lbs. and over, 9c; under 4 lbs. Bc. coU ored. 4 lbs. and over. 9c; under 4 lbs., 8c; capons, 8 lbs. and over. 15c; under 8 lbs , ,14c; slips . 12c; guineas. sc: young guineas, 1% lbs. and over, 15c; 2 lbs. and over, 10c. Turkey,s No. 1. 12c; No. 1, young toms, over 15 lbs . 10c. NEW YORK. Jan 28 Potatoes Wpak. Long Island. 60c®52.35 Dfr barrel: New Jersey. $1.40: Southern. 85c® $1.70 ner barrel: Maine. sl®2 per barrel: Idaho. $1.50®; 2 per sack; Bermuda. *5.50® 7 per barrel,.-. Sweet potatoes -Steadv: Jersey basket. 40c ® $1.40; Southern basket. 30c® *l, Flour —Quiet,: springs, patents. $3.55® 3.80 per sack. Pork—Steadv: mess. sl4 25 per barrel. Lard -Steadv; middlcwest spot. $4 20 ® 4.30 per 100 lbs. Petroleum- Steadv: New York refined. 17c: crude Pennsylvania. 97c ® $1.45 per barrel. Grease- Steady; brown, I%® 1% lb.: yellow. 1%®1%c lb.: white. 2%®2%c lb Tallow—Steadv; soecial to extra. 2;®2%c lb. Common hides—Dull. Hides—City packer, dull: native sters. 4%c: butt brands. 4%c: Colorados 4%c. Dressed poultry—Quiet; turkevs. 12® 20c: chickens. 11® 20c: broilers. 12® 26c: capons. 12® 25c: fcwls, 8® 18c: ducks. 8® 12c Long Islands, ducks, 14%®16c. Live poultry—Quiet: geese. 7® 12c: utrkevs. 134/18c; roosters 10 ®.ll<>; ducks. 12® 17c: fowls. 15® 18c; chickens. 12®.19c: capons. 14® 23c; broilers. 12® 19c. Cheese—Dull: state white milk fancy to specials 16® 18c; voung America. 11® 15c. Butter—Market firmer creamers', higher than extras, 17%®18%c, extra. 92 score. 17%c: firsts. 90 t,o 91 score. 17% @ 17%c: firsts. 88 to 89 score. 16%®170. Fees Market unsettled: special packs Including unusual hennerv selected 15® 16c; standards. 14%c: rehandled receipts. 13% ®l4c.

Other Liver*"'' 1 ' BY UNITED Ti FAST ST LOUIS. 111. 7 • • Receipts. 5.000, including 2 <• direct; market: slow and weights. 10® 15r below F others. 5® 10c lower, pig n. .. lisheri; bulk 150-210 lbs. *3.20®3 30: several lots of choice light weights. $3.35® 340: few 220-250 lbs.. S3®3 15 250-290 lbs. $2.90® 3: sows maiiv $2.25®2 50. Hogs Market with week ago 15® 25c lower; pigs. 25® 35c lower. Cattle. Receipts. 125; calves, receipts. 75 Sheep Receipts. 100. NEW YORK COFFEE RANGE —Jan. 28— Santos High. Low. Close. March 8 35 8 30 3 33 - May 7.00 7 85 7.85 July .... 7.55 September 7 29 7 20 7 29 December .' 7.13 7.10 7.13 Rio March 5 94 5 90 5 90 May 5 65 5 64 5.64 July 5 30 5 29 5 30 September 5.10 5 00 5.10 Dec-mber 4 98 4 93 4 98 Hangs Self In Bakery By United Press HAMMOND. Ind.. Jan. 28.—Albert Kilborn, 55, proprietor of the Modern Baking Company, committed suicide by hanging himself in the basement of the bakery today. Financial troubles were the cause of the act, according to police.

★ Safety for Saving* Fletcher American NATIONAL BANK Sautheott Corner of Market end PenrttyfvanH

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