Indianapolis Times, Volume 44, Number 228, Indianapolis, Marion County, 1 February 1933 — Page 11

FEB. 1, 1933_

PREFERRED CUT BY STEEL FIRST IN ITS HISTORY Regular $1.75 Payment Has Been Made for Past 32 Years. B u I H'frrl Prrm NEW YORK. Feb. 1 —The United States Steel Corporation announced a 50-cent payment on its preferred dividend Tuesday. The payment, which will go to approximately 62,000 holders of the preferred stock, was made out of surplus. The balance of $1.25 of the normal $1.75 preferred dividend is deferred under the cumulative features of the preferred. The action reflects a year in which operations of United States Steel have averaged but 13.3 per cent of capacity against 38 per cent in 1931. First Cut in 32 Ycirs Breaking precedents set throughout the thirty-two years of the great corporation's existence, the dividend payment reflects the fact that operations for the second half of the year had bem but 15.4 per cent of capacity, after dropping in August to an all-time low of 13.f. per cent. “There was some betterment in business during f ptembcr and October, but the dfnand receded noticeably in November and December," said a sta ement issued by Myron C. Taylor, chairman. “Including allowances for deterioration, exhaustion and retirement of fixed property, the year’s reduction in net assets, working and fixed, has been $90,186,000, The year's reduction in net workim, assets, including cash, United Spates government securities, recei ’ables and inventories, has been S7O 000.000.“ Meet After Close Operating net deficit, for the foul > quarter, exclusive of depreciation allowances, was $31,949,937 in 1932, as against an operating net profit, of $60,356,036 in 1931. The 1932 depreciation allowance was set at $30,331,000 as against a 1931 allowance of $47,317,000. The deficit for the fourth quarter of 1932, including depletion, depeciation and obsolescence allowances, was $16,729,000, a figure which the dividend brought to $18,530,000. Unfilled orders on hand on Dec, 31, 1932, had been 1,968,140 tons. The dividend meeting and consequent announcement came after the close of the market Tuesday in an atmosphere of tense, suppressed excitement. Market action throughout the day had been affected by the impending decision to be reached in the musty old skyscraper which, at 71 Broadw'ay, houses the offices of Steel.

Basketball Notes

JUNIOR TEAM PLAT’S TURNERS With p.n all-star lineup of ex-high school and college star;. Muncie will invade South Side Turner gym Sunday to battle the Turners a' .3 p. m. Turners are unbeaten on their home court this season and are working hard for Sunday's fray The southsiders added to their prestige with a victory over Great Eastern Stage., of Cleveland last Sunday, Turners dropped a close game to Printters Tuesday night. 30 to 21. The winners staged a late rally to triumph after Turners had tied the count at 21-all. Turners have added strength for Sunday games, players who are ineligible for league competition. Fairfax cagrrs have won nine out of their last ten games, defeating Tartans at Hawthorne gym Tuesday, 23 to 9 Fairfax plavs in the 16-vrar-old class, but desires games in the 17-18-year-old class. Church teams preferred. Call BElmont 1969-W. or write Frank Eastwood, 3VO < West Washington street. Bridgeport Cardinals defeated L S. Avres five. 30 to 2S. in a last game at Dearborn gym Tuesday night. The score was tied at 15-all at the half. During the second half, the lead changed hands several times. With less than three minutes to plav. Avres led by a five-point margin. Staging a sensational rally, the Cardinals tied the count with less than two minutes, and then pulled away with two fields to win the game. B. Bradley was outstanding for the winners. Cardinals plavs the Tansy Milk nuintet tonight, at Bridgeport. In the curtain raiser Bridgeport Fivers will meet the Twenty-Fifth Street Merchants. The Sacred Heart high school Red Stars defeated the Vagabonds, independent cage ■team 22 to 16, at the high school hall. At tiie halt the high school chaps were in the fore. 13 to 6. Bakins led the scoring for the south side boys with his usual display of basket sharpshooting and Taul Butsch also was outstanding. The high school quintet has won eleven games and lost lour. Irvington Trojans downed Greenfield Cubs in a rough game. 33 to 24. Troians have won twenty games while losing four this season. The Irvington file dropped c.ulv season tilts to Eli Lilly. Flanner & "Buchanan. B O. and Real Siik. Among the rec-’nt ilctims have been Plainfield. New Palestine. Tansv Milk. Bridgeport, Morgantown Green Lanterns. Greenfield Merchants Cicero, and Waldron Trojans have rcored a total of 749 points against 479 for opponents. Irvington will Play Woodruff Bears Thursday night at old Butler gvm at 8 p m. A preliminary game will start at 7 p. m. Centra-1 Business College defeated Exiles. 22 to 15. Tuesday. McDole was outstanding for the winners. Broadway Epworth League defeated East Park 38 to 21. a! the Broadway gym. Coy. Broadway guard, played his first game in two months and led the scoring by maxing ten points in the second half. A feature was the duel between R Eppen and Gable, lankv centers. Gable was high for ihe losers with seven points. Broadwav plays Central Avenue, league leaders, at Broaawav tonight, with East Park meeting Castieton in another game. Mavrr Chapel Dixies, after a nudseason slump, have regained their stride and have won their last five starts. Dixies wish to schedule games with fast city and state teams, and have access to a gvm on Thursday night Write L. Oolry. South Missouri street or call Dr. 4469. between 7 and 9 p. m. BILL MOSS TO FACE BALTZER ON MAT BILL Only the opening bout remains to be lined up for completion of Matchmaker Jay Gardner's mat card at the armory Friday night. The latest bcut added to the bill brings together Bill Mo:-s. Elkhart high coach and former Indiana U. star, and George Ealtzcn, heavyweight veteran. Bouts previously arranged include the two fails out of three main event between joe Parellt. Texas Italian, and Blacksmith Pedigo, Louisville middleweight; the semi-final involving Les Fishbaugn. Ohio veteran. and Emil Firpo, Argentine middleweight, and the special third event featuring Henry i Whiskers i Kolin. Michigan miodiew eight, and Michael Ar.geio. clever Italian. POP SUGGESTS CHANGES By United Prees PHILADELPHIA. Feb. 1— Glenn S. (Pop> Warner, nfew football coach r,t Temple university, believes football rules should be changed to give the game more of a running attack. Speaking Tuesday night at the annual sport writers' banquet, the former Stanford coach recommended changes in the method of scoring and a weakening of the defense. He would give one point for each first down gained by a running attack. He believes the goal posts should be moved tack to their original position on ihe goal line to encourage held goal attempts.

INDIANA STOCKS AND BONDS

The following Quotations do not represent actual bids or offerir.ss. but merely indicate the approximate market level bated on buvin* and selling Inquiries or recent transactions. —Feb. 1— STOCKS. Bid. Ask. Bel* Rail k Stock Yards com 22 25'a Belt Rail k Stock Yarns pfd 6% 45 49 Central Ir.d Power pfd 7 ... 11 14 Citizens Gas Cos com . . 14% 17 Citizens Gas Cos pfd 5% .. 65 70 Home T k T. Ft. Wayne .42 45 Ind. k Mich Elec Cos pfd 7% 87 91 Ind Gen Service Cos 80% 8t : ; Ind Hvdro Elec Cos 35‘a 39- a Indpls Gas Cos com 42% 47 a Inopls Power k Light Cos pld 6% 60 65 Indpls Pow-er k Lt Cos pfd 6',.. 68 72 Indpls Water Cos pld 5',.. 94 98 North Ind Pub S’rv Cos pfd 5%% 47 52 North Ind Pub Serv Cos pfd 6't .. 52 1 a 56% North Ind Pub Serv Cos old 7% 56’a 56% Puhiicervice Cos pfd 6'- 31 35 Pl’bllc s-rvic" Cos pfd 7"- 44 48 South Ind Gas k Ei Cos pfd %'i 47 52 Terre Haute Elec pfd 6% 50 55 BONDS Belt Rail k Stock Yards 4s. 1939 82 87 Citizens Gas Cos ss. 1942.. .91 95 Home TkT Ft W.. 5%5.. 1955 57 100 Home T k T Ft W 6s. 1943.... 98% 101 ’a Indpls Gas Cos 5s 1952 81 1 a C3-* Indpls Rys Inc ss. 1947 .... 23 27 Indpls Water Cos 4Vis. 1940 .... 98 101 Indpls Water Cos 5s 1960 9 1 94 Indpls Water Cos ss. 1870 90 93 Indpls Water Cos 5%5. 1953 101 1 i 104% Indpls Water Cos ss. 1954 101% 104’. Kokomo Water Works ss. 1958 80% 84% Lafayette Tele Cos 5s 1657 83 88 Muncie Water Work ss. 1939 94% 98% Richmond Water Works ss. 1957 83% 87% Ti rre Haute Water Wrk ss. 1956 83% 87% Terre Haute Water Wrk 6s. 1949 95 99 Traction Terminal Cos ss. 1957. . 39 43

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 1— Clearings $2,035,000.00 Debits 4 239.000.00 TREASURY STATEMENT Feb. 1— Net balance for Jan. 30 ... $323 720.467.19 Expenditures 9.095.629.60 Customs rectr,.. month to date 17.694.871.88

Foreign Exchange

(By Abbott. Hoppln & Cos.) —Feb. 1— Open. Sterling. England $3.39 11-16 Franc, France 0390% Lira, Italy 0511 Franc, Belgium 1390 Mark, Germany 2375 Guilder, Holland 4017’/i Peseta. Spain 8019 Krone, Norway 1741 Krone, Denmark 1515 Yen, japan 2115 New York Curb (By Thomson & McKinnon) —Feb. 1— 11:00 1100 Alum Cos of Am 48% Elec Pwr Asso. 3% Am Cynamid .. 4 s * Gen Aviation ... 4% Am Gas & Elec. 29 IFoid of Eng ... 3% Am Lt & Trac.. 18% Goldman Sachs.. 3 Am Super Pwr . 4% Int Pete 9% Asso Gas k Elec 1% Nia Hud Pwr... 12% Cent Sts Elec.. 2 Penroad 1% C.ties Service. . 2-VSt Regis Paper. 2 s * Cons Gas of Bal 32-VSel Indus 1 Com Edison ... 75 Std of Ind .... 20-a Cord 6VUn L k Pwr (A) 3% Deere & Cos 9 m Pwr IV, El Bd & Share 17 I Liberty Bonds By United Press NEW YORK. Jan. 3.—Closing Liberty bonds: Liberty 3%s ’47 103.13 Liberty Ist 4Vs ’47 102.28 liberty 4th 4‘is ’3B 103.15 Treasury 4 4*s ’52 ill. Treasury 4s '54 106.30 Tieasurv 3%s ’56 105.8 Treasury 3%s '47 102.21 Treasury 3%s ’43 M?.rch 102.19 Treasury 3%s '43 June 102.19 Tieasurv 3%s ’49 100. Treasury 3s ’55 98.24

In the Cotton Markets

CHICAGO —Jan. 31— „ High. Low. Close. March 6.06 5.99 5 99 May 6.19 6.12 6T2 July 6 31 6.23 6 23 October 6.50 6 42 6 42 December 6.62 6.52 5.52 NEW YORK January 6.60 6 54 6 54 March 6.00 5.92 5 92 May 6.72 6.04 6.01 July 6.25 6.17 6.17 October 6.43 6.37 6 37 December 6.57 6.50 6.50

Joint Stock Land Banks

—Feb. 1— Bid. Ask. Atlanta 5% 26 30 Atlantic 5% 36 40 Burlington 5% 25% 29% California 5% 51 55 •Chicago SG, 16* 2 19 Dallas 50 43 47 Denver 4] 45 Dos Moines 5% 27 First Carolinas 5% 28 32 First Fort Wayne 5% 45 49 First Montgomery 5% 30 34 First New Orleans 5% 34 39 First Texas 5% 40 44 First Trust. Chicago 5% 59 55 Fletcher 5% 62 66 Fremont 5% 32% 36Vi Greenbrier 5G 56 61 Greensboro 5% 40 44 Illinois Monticelio 5% 52% 56% Illinois Midwest 5% 35 39 Indianapolis 5% 80 85 lowa 5% 49 53 Kentucky 5% 54 59 LaFayette 5'7, 40 44 Lincoln 5% : 35% 39% Louisville 5'7 52 57 Maryland-Virginia 5% 64 65 Mississippi src5 r c 42 46 New York 5 r U 41 45 North Caro’ina 5% 26 30 Oregon-Washington 5% 30’ 35 Pacific Portland 5% 36 40 Pacific Salt Lake 5% 39 43 Pacific San Francisco 5% 40 44 Pennsylvania 5% 55 .69 Phoenix 5% 61% 65% Potomac 5Pr 38% 41% •St Louis s r > 15 17% San Antonio 5% 43 47 •Southern Minneso’a 5% 9 12 Southwest 5% 32 37 Tennessee 5% 45 49 Union Louisville Unuion Louisville sfi- .62 56 Virginia Carolina 5% 33 37 Virginia 5% 50 54 •Flat.

Tr.d M.rk Re*, iS* U S. P*t. Ofi. CLIPPERY ice, dull skates— ouch, what a fall! Can you pick this youngster out of the seven puzzle pieces below. Cut them out. darken their backs and try it. You may turn the pieces over if you wish. A Bad Fall Uneasy lies the head that wears a crown—or tries to make one out of HI-HO puzzle pieces. Here's one way the crows is made. The two upper pieces may be exchanged for a second solution.

KOGS SNOW 10 CENT GAIN ON FIRM DEMAND - Cattle Active and Strong as Receipts Dwindle; Sheep Steady. Hogs showed evidence of increased demand this morning at the city 1 yards, prices on weights over 160 pounds advancing 10 cents. Underweights were steady to 16 cents up. Weights of 160 to 225 pounds sold for $3.50 to 53.60; 225 to 275 pounds, ! $3.35 to $3.45; 275 pounds up, $3.25 jto $3.30. Light 120 to 160 pounders : sold for 53.25 to $3.50. Packing sows brought $2.35 to $2.85. Receipts were ! estimated at 3,000. Holdovers were 135. In the cattle market slaughter classes were active, prices steady to strong, largely on account of the light supply. Most steers sold for $3.50 to $5.25. Receipts were 700. Vealers were steady at $6.50 down. Calf receipts were 400. Lambs were not fully developed in early trade. Initial sales were around steady at $6 to $6.25. Large part of the run was fed westerns. Most lambs remained in first hands during the morning. Receipts were ; 1,800. | Early bids and sales on hogs at Chicago displayed a stronger tone, prices moved from 10 to 15 cents higher than Tuesday's average. The bulk of good to choice porkers scaling 170 to 220 pounds, sold at $3.50 to _53.55, while early top held at $3.55. Receipts were estimated at 15,003, including 3.5C0 direct; holdo 3 COO; Cattle receipts numbed 6,500; calves, 2,000; market, strong. Sheep receipts 12,000; market around 25 cents higher. HOGS ? n ' *■> Top. Receipts. 26. *3.30g 3.4a *3.45 5.000 Si' 3 3.2 g 3.55 5.000 ;8 3.35® J. 55 3.55 2 OCO 30. 3.404? 3.55 3 55 5 TO 31- 3.40® 3.50 3.50 6,000 r eb 1. 3.50S 3.60 3.60 3.000 Market, higher. HO-1601 Gooand and „ —Light YVeiehis- ■ 1 Is? 1 Geo! and choice.... 360 (189-200) Good and choice... 360 „„„ —Medium Weights—--990"o 2 n! £ OO S an l choice.. . 3 50® 3.55 (220-2)0) Good and choice... 3.40® 3.50 ,orn —Heavy Weights—--90e?t21 ,-9 00 - and and choice... 3.30® 3.35 (290-3)0) Gooo and choice 3 25® 3 30 —Packing Sows—--940 9 ood 2.60® 2 3$ •350 up) Good 2.35® 2 75 (All weights) Mediuum 2 10® 2 40 —Slaughter Pigs—-(loo-130) Good and choice.... 3.00® 3.25 CATTLE Receipts. 700; market, steady. ... . —Steers—-(soo-l,100) Good and choice $ 5.00® 6 75 (1 lOoT^OT— and medium 3 25®, 5.00 Good and choice .. 4.25® 6.60 Medium 3.50® 4.50 —Heifers—-(sso-750) Good and choice 4.75® 6 50 and medium 3.258' 4.7. Good and choice 4 25® 6 25 Common and medium 3.00® 4.25 —Cows— Good 2.75® 3.25 Common and medium 2 00® 2 75 Low cutter and cutters 1.50® 2.00 —Bulls 1 yearlings excluded > Good (beef 1 2.75® 3.25 Cutter, common and medium.. 1.75® 2.75 VEALERS Receipts. 400; market, steady. Good and choice $ 6.00® 6 50 Medium 4.00® 6.00 Cull and common 2.50® 4 00 ... ... —Calves—-(2so-300) Good and choice 4 00® 5 50 Common and medium 2.50® 4.00 —Feeder and Stocker Cattle—-(soo-500) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 (809-1.050 i Good and choice 4.00® 5.50 Common and med,um 2.75® 4.00 . SHEEP AND LAMBS Receipts, 1,800; market, steady. —Lambs—'9o lbs. down) Good and choice.ss.7s® 6.25 (90-110 lbs.l Good and choice.. 5.50® 6.15 (90 lbs. down) Common k med. 3.00® 5.75 —Ewes— Good and choice 1.25® 2.25 Common and medium 75® 1.25 Other Livestock BY UNITED PRESS CHICAGO. Feb. I.—Hogs—Receipts. 15.000, including 3,500 air-ct; mostly 15c higher than Tuesday's average: packing sows 10c higher; 14u-250 lbs.. 53.4J&3.5j; top. 53.00: 260-353 lbs.. 53.10f13.40; good and choice pigs, [email protected]; most jmcmr.s sows, $2.30(82.90; light lights, 140-160 lbs.; good and cnoice. [email protected]; light weight, 760-200 lbs., good and choice, 53.45(7/3.60; medium weight:-. 200-250 lbs., good ana choice. S3.4OCi/ 3.60; heavy weights, 250-350 lbs., good and choice, 53.10®3.45, packing sows. 275-550 lbs., medium and good, 52.6 J <f> 3: slaughter pigs, 100-130 lbs., good and choice, 53.10®3.40. Cattle—Receipts, 0.500; calves, 2 000; most killing classes strong to 25c higher; active at advance; weighty steers sharing upturn; buying broader oh both local and shipper account; best long yearlings, 56.75; heiier yearlings up to S6; weighty ste-rs. $6; bulk fed steers and yearlings, s4® 6; slaughter cattle and vealers: steers 550-500 lbs., good and choice. $5.50(5 7.25; 900-1.100 lb., good and choice. $5.25®7.25: 1.100-1.300 lbs.. good and choice. 51.25® 7.25: 1.300-1.500 lbs., good and choice. s’@o.2s; 550-1.300 lbs., common and medium, $3.25®4.75: heifers. 559750 lbs., good and choice. 54.50®6.25; common end medium. $3©4.53: cows good, $2.50®3.25; common and medium. $2.25® i 2 59; low cutter and cutter. 51.50©2.25; j bulls (yearlings excluded), good (beef). I 52.50®3.25; cutter common and medium. $2.25©2.30: vealers. good and choice. 55.25 (57; medium. 54.25©5.25; cull and comj man. $3(5 4.25; Stocker adn feeder cattle: | Steers. 500-1.050 lbs., good and choice. I $4.25®5.50: connno uand medium. s3® 4.25. ] Sheep—Receipts. 12 000; nothing done: I bidding 25c lower on most fat lambs; sellers resisting decline: closely sorted na- | fives bid. $5.75 by city butchers: slaughter sheet) and lambs: Lambs 90 lbs. down, good anci choice. $5.50(56,15: common and medium. *4® 5.50; 90-98 lbs., good and choice, $5.25(5 6: 93-110 lbs. good and choice. 84.75®5.50: ewes. 90-150 lbs., good and chrice. s2©3: all weights, common and medium. * 1.25(52.50. CLEVELAND. Feb. I.—Hogs—Receipts. 600: hold overs 429: mostly 10® 15c higher; desirable 160-250 lbs., choice. 53.75: 250- ; 300 lb?., mixtures also pigs. $3.35; low to medium light hogs. $3.60: pigs and sows steady; $2.25© 2.50. Cattle—Receipts. 325; unevenly around steady: cows weak to 25c i under Monday's: bulk steady; common to low medium light steers, $43 4.75; bulk, j 54.1034.25; low cutter to medium cows, 1 51.25® 2.50. Calves—Receipts, 400; weak to mostly 50c lower; bulk vealers, 57.50 downward: only few best, S3: cull to medium. $4.503 6.50. Sheep—Receipts. 800; lambs, steady to stronger, quality improved: good to choice more requehtlv at upward to $3.65®6.50; good lambs $6.25 down: wool throw’outs, ss® 5.50. mainly. EAST ST. LOUIS. Feb. I.—Hogs—Receipts. 7 000. inducing 600 through and direct: market, 10(515c higher: top. $3.55; bulk 150 -230 lbs . $3 35® 3 50: 240-280 lbs , $3.15© 3.30. 100-140 lbs.. 52.65© 3.10: sows. $2.35© 2.65. Cattle—Receipts. 1.800; calves. 800: market: slow with most classes about steady at Tuesday's close: vealers 25c higher at 5C.73; a few' mixed yearlings and heifers, s3® 4.50; cow:. $2.25© 2.75': low cutters. 81.25© 1.50: sausage bulls. 82®2.50: slaughter steers. 550-1.100 lbs., good and choice. S’.2s© 6.59 common and medium. S3©’.so; 1.105-I.EOO lbs., choice. Si.so© 5; good. 53.50© 5; medium. $3.50© 4. Sheet) —Receiots, 1 500: market; few choice lamb's to small killers fully steady at $6: no ether sale- or bids: asking higher: lambs. 90 lbs. down, good and choice. *5.35© 6: common and medium. *[email protected]; 90-98 lbs good and choice, $5.25©5.75; yearling w ethers. 90-110 lbs., good and choice. $4 25 ©5: ewes. 90-150 lbs., good and choice. *175®2.50; common and medium. sl®2. FT YVAYNE. Feb. I.—Hog—Market. 10c higher: 100-140 lbs.. $3.25; 140-200 lbs. $3.55: 200-223 lbs, $3.45; 225-250 lbs., $3.35; 250-300 lbs.. $3.30; 300-350 lbs.. 53.20; roughs. *2 25A.-2.50: s f gs. $1.50: calves. $7: ewes and wether lar . $6: net. So. Cattle—Market, st-’ers ood to choice. S5 SO 5.50: medium to , .-d. $4.503 5: common to medium. *3® 4: heifers, good to choice. $4 50®5; medium to good. 54©4.50: common to medium. S3© 4; cows, good to choice. *3©3.50: medium to good. 82.50®: cutter cows. $1.75©2.25: canner cows, si® 1.50: bulls, good to choice. $3 ©3.25: medium to good. $2.503 3: common to medium. S3 2 50: butcher bull*. S3 [email protected]. By Times special LOUISVILLE. Feb. I—Cattle—Receipts ! 100: tullv steady; hulk common and me:um steers end heifers. $3.50® 4,50: good :ght weights eligible to $5.25 or better: ; eef cows and bulls mostly $3 down: low .-utters a-d cutters. $1.25©2: most stock* rrs and feeders. $34/4. Calves—Receipts 250. steady: bulk, good and choice vealers $4 50©5.50: medium and lower grades *3,50 down Hogs—Receipts. 500: 15c higher 175-240 lbs. $3 65: 245-295 lbs. s3©O' 300 lbs up. $3: 135-170 lbs.. $3.30: 130 lbs. down. $2.65: sows. $2.70. and stags $1.75. Sheen—Receipts. 75: steady bulk good lambs, salable. $5 75 to mostly $6: ore sizeable string choice fed lambs. $5.25: medium end lower grades. *5.25 down: fat jewes, sl4i2. Tuesday s shipment—None.

THE INDIANAPOLIS TIMES

New York Stocks

Bv Thomson & McKinnon * 1 —Feb. 1— Railroads— Prev. High. Low 11:00 close. Atchison 45 4445 44 r ’ 4 A.l Coast’ Line , ... 22' 2 Bz.t & Ohio ... il l • IOYi 11*8 IP 3 * cnesa 0hi0... 29* 28 3 29*s 29;a Chesa Coro. ... 18 J a 18 18 J 18' 2 Can Pac 11 10 5 11 11*8 CHI N Wes: 4* 4‘a 4 : 2 4* C P. I k P 4 : a 4* Dei L& W .... 26 25 Cj 25 2o Del k Hudson.. 52 l 50 T 8 52© 51*s Erie Ist Dfa •• 6sa 6*4 Great Northern.. S’* 9*4 9 s 10‘t Illinois Central.. 14 13 5 s 14 14*4 Kan Citv So 10 l a Lou k Nash .... 28*4 26*4 28 28 M K k T 7*4 7*B 7*4 7*4 Mo PaciSC ... 33 Mo Pacific pfd.. s* 5 5 5*4 N V Central.. . 19*8 19*. 19 7 * 20** Nickel Plate ... 3*4 3* 2 N Y N H k H . 16*8 16*4 16*8 16* 2 Nor Pacific .... 15*b 14*4 15*a Is*a Norfolk k West 122 123*4 O k W ll*t 10 t 11 1 * 11*4 Pennsylvania ... 18 r s 18' 2 18’b 18*4 Rzrdir.g ••• 29'a 30 Sc:'heard Air L ••• . N So Pacific 18* 18 18*a 18* Southern Rv... 6*4 6Vi 6*4 6*4 St Paul 2 St Paul pfd 2*s 2 1 2 St L k S F l‘ Union Pacific.. 76*4 75*4 76*g 76 W Maryland 5-* 6 Equipments— Am Locomotive IY* Am S.eel Fd 6** <j Am Air Brake Sh .. ... 10‘a C-en Am T3r.k... 17*4 17* 2 17*4 18 General Eiec.... 15 14*s 14 * 15'a Ceu Rv Signal... 19*8 19 1 2 IS’b 19 1 2 N Y Air Brake 9 Poor & Cos „ 2*a Pr'c-r, Stl Car Pullman 22 22 a Wes;ingh Ar B JJ,* V-. ettingh Elec.. 2B 1 2 28*s 28*8 28:a Rubber* — Gisdnch ••• ,7, * Good ear 14% 14% 14% 15 Kelly Eprgfid 1% ... U S Rubber 4-* Motors— A bu-n . 45*2 46*2 46*4 C'r.-zler 13>* 13 13% ... General Motors.. 13*2 13** 13% 13 = * Craham-Paige 1 8 *'* Hupp Mack ••• I®*4 n ( Nash ::::: 14% 14% 14% 14% JSy.Q ... • • • 4 Studebaker 3% 4 Yellow Truck 3 8 Motor Access— Bendix Aviation .. ... 9% 9% Borg Warner.... B*2 B*4 8% 81 Briggs 3 '4 3 ' El Auto Lite 18 18% El Storage ißi 24‘a ... Hayes Body 3 Hcuda | ... Murray Body 33 , Stewart Warner .3% 3-4 Timken Roll 16% 16** Viin. ng— An Metals 3% Am Smelt 13% 13 13% 13% Anaconda Cop .. 7*s 7V* 7-* 7-* A.iaska Jun ... 12 11*4 C?.l k Eecla 2’4 2% Ce.ro de Pasco 7,* Dome Mines ••• 13 13% Freeport Texas . 23% 23 23% 23** Int Nickel 7% 7% 7 5 * 8 Kennecott Cop .. .. ... 9 9% Norar.da 18% 18% 18** 18 s Texas Gul Sul 23% 23** U S Smelt 17 17 1 ,* Oils— Amerada 21 20% 20% 21 At 1 Refining ... 16 16% Barnsdall 3% 3*2 3% 3% Houston ... ... 2% Sbd Oil 17% Ohio Oil ••• 6% Phillips 5% 5% 5% 5% Pure Oil 3*4 Richfield ... ... % Shell Un 4* 4 4% 4% 4% Cons Oil ... 5% 5*4 Standard of Cal.. 24% 24 24% 24% Standard of N J 29*2 29% 29*2 29% 3cc Vac 6% 6% 6% 6% Texas Cos ... 13% 13% Union Oil ... 10% 10% Steels— Am Roll Mils 8% Bethlehem 14*4 14*4 14% 14 s * Byers AM 13 Lndlum .. 5% McKeesport Tin 50 50% Newton ... 2*4 2% Rtnub I & S , ... 6 6% U S steel 2*7*4 26% 27% 28% Vanadium ... ... 12% Youngs* S& W.. .. ... ... 6% Youngst Sk T 10% 10% Tobaccos— Am Sumatra... 8% B*4 8% 9 Am T?b (A) new’ 59** 59 59 59% Am Tob <3) new* 60% 60 60*2 60*,4 Lie k Mvers B 59% 58% 59% .. . rorillard 12% 12% 12*4 12% Re’T.o’ds Tob 32 32 1 r Ur©-/' Cig % % Utilities — Adams Exp ~ 4 * Am For Pwr.... 6% 6*s 6% 6% Am Pwr & Li • ■ • 7 7 AT k T 103% 102*8 103% 104% Col Gas k E 1... . 14% 14% 14V4 14% Cera k Sou 2% 2% 2% 2*s Cnos Gas 57 56% 57 57*8 El Pwv & Li 6% 6 Gen Gas (A) 1% 1% Inti T & T 6*4 6% 6% 6% Ton Gas & El. .. . 18% 18 18 18* s Natl Pwr At Li.. 13 12% 12% 13 No Amer C 0.... 27*/4 26% 27’/2 27** Pac Gas <?- El 29% 29% Pub Serv N J 51 50% 51 51* 2 So Cal Edison 25% 25% std GAt E 1.... 12 11*4 11% 11% United Co-p ... 8% 8% 8% 8% TTn Gas Imp 19% 19V* 19*4 ... tfi Pwr k LA 3 ... , We?t Union .... 25% 25*4 25% 25% Am Int' Corp 7 Urhted Fruit 25% Am Si”>ar 26 ... Armour (A' 1% 1% B’rch’tut Pkg 48% . Ca! Pkg ? Can Drv 8% 9V* chiids Cos 3‘4 •••,, "ont Baking A .... ... . 4 Corn Prod 50t4 54*4 55*4 5a Crm Wheat 28 Gen Foods 23% 23% 23*4 24 Hershey ••• ••• J* Kro2e r • • • • • • i * vg Nat Biscuit ... 39 38% 39 39 Natl Purity Bak "% Sa r ew'ay St ... 41 ... Std Brands .... 15 14% 15 Drueo . rotv Inc .. ... D?ug Inc ...... 35% 35% 35% 35% Lambert Cos 30 a 30 a Lehn k Fink .. 18% 18*4 18*4 18% Ind/n>r : als— ... .. Am Radiator . g,© Bush Term 2% 2% Certainced ••• % Gen Asphalt ,g, 4 Otis Kiev 12 12V* Indus Chems— , Air Red 60 59% 60 60% Allied Chem ... 85% 84* 2 85% 85* Com Solv 13 '4 11 la ll's 11;? Dunont 89*4 38- 39 4 39_ 2 Union Carb ... 27V* 26 27,* 26 3 U S Ind Alco 19 I'* 1 '* 20 Retail Stores — .. Assoc Dry Gds.. ~ ... q 2 Gimbel Bros 1 * Kresge S 8 8 May D Store ... .. ••• * 3 % Mont Ward 14% 14 14 14 4 Penny J C . . 26*4 26>b 26% 26*8 Schulte Pet St.. .. ,** Soars Roe 19*8 19 4 19_s 19-4 Woolworth 33 32% 32 b 32 4 Amusements — Crosley Radio ,j.'< Eastman Kod . . 59 58% 58 * 58 2 Fox Film A * • * * Grigsby Gru ■■■ ,* Loews Inc 16 15% 16 16^8 Param Fam • Radio Corp 4* 4% .4% 4% R -K-O ... ... 1 8 Warner Bros ... IV4 1% 1% I*4 Miscellaneous — ~, Citv Ice c: Fu.. **% Congoleum ••• * ,'.' 2 Proc &: Gam ... 25 3 e 25 2.t 2 Allis Chai ••• •l 2 Am Can 61 09'% 61 60 b J I Case 46*4 45*8 46% 45% Cont Can 41 40V 2 41 41*4 Curtiss Wr . • • 2 2 Gillette SR... 17% 17 %% 17% Gold Dust 4% 14 a Int Harv 22' 21*. 22*4 22% Int Bus M 91% Peal Silk .7% Un Arcft 26*8 25*4 26% 26*/4 Transamerica .. 5 4*B 5 5 Owens Glass 35 b 5% New York Bank Stocks (By Thomson k McKinnoni —Jan. 31— Bid. Ask. Bankers 73 75 Brooklyn Trust 175 190 Central Hanover 148 152 Chase National 34% 36% Chemical 41% 43% Citv National 43& 45% Corn Exchange 71*4 74% Commercial 152 160 Continental 17*4 19*4 Empire 25*4 27*4 First National 1.500 1,550 Guaranty 348 353 Irving 23% 25% Manufacturers 30% 32% New York Trust 98% 101 % Public 29 31 Title 21 24 RETIRES FROM FIRM Van Nays Drops Law Practice to Assume Senatorial Duties. Senator-Elect Frederick Van I Nuys announced his retirement to- ; day from the law firm of Van Nuys, Bernard & Walker, in preparation for assuming his duties in Washington. The firm will be known as Barnard & Walker and will continue offices at its present location, 1105 Fletcher Trust building. Originally known as the firm of Ralston. Gates, Lairy, Van Nuys i and Barnard, the name has been altered several times because of, changes in membership. I

LIGHT SELLING SENDS WHEAT VALUES DOWN Major Grain Continues to Ignore All News, Holds in Rut. . BY WALTER E. RAIXVTLLE United Pres* Staff Correspondent CHICAGO, Feb. 1. Wheat dropped % to % cent as the Board of Trade opened today on general selling resulting from the unexpectedly weak cables and sharp losses, in stocks. Liverpool was depressed by fluc- : tuations in the exchange and pres- | sure from exporting countries with i demand lacking. Moderate support | met the opening decline, but trad- ; ing immediately lightened. Corn j was off Li to % cent, oats H cent' | lower and rye % cent lower in scat- : tered trading. Provisions were | steady. Wheat continues to disregard news both favorable and unfavorable, holding to its rut of a 1-cent j range. Liverpool was *% to Ts cent lower at midafternoon. Buying of May and selling of : July corn by cash interests has j made up the bulk of activity recently in the com pit. Interest in oats is the lightest ip a long time. Chicago Primary Receipts .... , —Jan. 31— Wheat 352,990 oats 201,000 Chicago Futures Range —Feb. 1— Wheat— p rev ~ High. Low. 10:90. close. Mav 47% .47% ,4.7** .47% July. 47*4 .47*8 .47% .47% May 26 .25% .25% .26*8 July 27% .27% .27' 2 .27% May 16% .16*4 .16% .16% May .34% .34% .34% .34% July 341. BARLEY— May 27% .... CHICAGO CASH GRAIN By United Press CHICAGO. Jan. 31.—Cash grain close: Wheat—No. 2 mixed durum. 48*4C. Corn —No. 3 mixed. 24c; No. 4 mixed. 23*4© 23%c: No. 3 yellow, 24®24%c; No. 4 Yeilqw, 22%@23%c; No. 6 yellow, 21%c; No. 3 white, 24c; No. 4 white, 23%c. Oats—No. 2 mixed. 16c; No. 2 white. 17c; No. 3 white. 16@16%c; No. 4 white, 15c. Rye—No. 3. 37c, Barley—24®36c. Timothy—s2.2s@ 2.50. Clover—s6®B.2s. Cash provisions: Lard. $3.80: loose. $3.35; leaf, $3.25; D. S. bellies, $3.87. By Times Special CHICAGO. Feb. I.—Carlot*: Wheat, 3; corn. 62; oats, 6; rye. 1, and barley, 2. TOLEDO CASH GRAIN By United Press TOLEDO, Jan. 31.—Cash grain close: Wheat—No. 2 red. 53@54c; No. 1 red, lc premium. Corn—No. 2 yellow. 29©30c. Oats—No. 2 white. 20@21c. Rye—No. 2. 42%@43%c. Barley—No. 2. 30@31c. Wheat —No. 2 red. 48%®49%c; No. 1 red, 49%® 50c. Corn—No. 2 yellow, 24%®25%c; No. 3 yellow. 23%@24c: No. 4 yellow, 22®23c: No. 5 yellow. 20%®21%c. Oats—No. 2 white, .17*j@ 18c: No. 3 white. 16%© 17%c. Seed close: Clover—Cash. $5.40. Aisike— Cash. So. 80. Produce: Butter—Fancy creamery. 22c. Eggs—Extras. 13(g,14c. Hay —Timothy, per cwt, 80c. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 41c for No. 2 soft wheat. Other grades on their merits.

Indianapolis Cash Grain

—Jan. 31— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b,, shipping point, basis 41'i cents New York, were: Wheat—Steady; No. 2 red, 4012@4114c I 2 @41 1 4cNo. 2 hard, 39 , 2(fT40 1 jc. Corn—Steady; No. 3 white, No. 4 white, 14 1 2@15ic; No. 3 'yellow, lS'ifg.lS’sc; No. 4 yellow. 14Vi? 15t*c; No. mixed, 1,4 1 2 <g. 15Uac: No. 4 mixed. 13'2®, Oats—Steady: No. 2 white, 13'4<(? 13 3 4 c’ No. 3 white. 12 3 4©13>4C. Hay—Steady; No. 1 timothy, $5:50 <36; No. 2 timothy, $5(2.5.50. —lnspections Wheat—No. 2 red, 4 cars; No. 3 red. 1 car; total. 5 cars. Corn—No. 3 white. 3 cars; No. 4 white 1 5 cars; No. 3 yellow'. 4 cars: No. 4 yellow 10 cars: No. 5 yellow', 2 cars; No. 4 mixed 1 car; No. 6 mixed. 1 car: total, 26 cars Oats—No. 2 white, 1 car; No. 3 white, 4 cars; No. 4 white, 1 car; total, 6 cars. Chicago Stocks Opening (By Abbott, Hoppin & Cos.) —Feb. 1— Asbestos Man. . 4 | Grigsby Gru ... y, Bendix Avia ... 9‘ilMiddlewest > Borg Warner .. B> 4 : Swift Inti 15> 4 Cities Serv 2VU S Gvpsum 20 Cord Corp 6’ 4 Walgreen St ... 15*. Births Boys Bryan and Elizabeth Selzer, Methodist hospital. Raymond and Marguerite McClain Methodist hospital. Oliver and Daisy Oilman. Methodist hospital. Leonard and Katherine Heath. 25 North Colorado. Lew'is and Mona Clark. 4711 East Twenty-first. Emmett and Martha Grammer, 6013 Beechwood. William and Lillian Vaughan, 4957 Schofield. Albert and Helen DeMoss, city hospital. Leonard and Bessie Fritch, city hospital. James and Marjorie Lacey, city hospital. Girls Arthur and Elsie Holsapple, Christian hospital. Richard and Joanna Cushwa, Methodist hospital. Nola and Geraldine Ploughe, Methodist hospital. Louisand Anna Faletic. Methodist hospital. Byron and Dorothy Thicsing, Methodist hospital. Wayne and Helen Houser, Methodist hospital. Vernon and Francis Ascher, Methodist hospital. Ellsworth and Jessie Sterrett, 2729 Stuart. Robert and Gladys Sparks, 1830 Ashland. Bates and Elva Hightshoe, 1253 ingElmer and Ruby Hylton, 4921 Ford. Edward and Ona West, citv hospital. Stanley and Mary Beem. citv hospital. Ralph and Marion Grovenberry, city hosDital. Milos and Matilda Rocksandich, city hospital. Chelcia and Frieda Bemis, city hospital. James and Martha Hall, city hospital. Henry ansfcssCatherine Slone, city hospital Charles and Anna Ross, city hospital. Deaths William B Graham, 52. city hospital, cerebrospinal meningitis. Charles Haskett. 56. citv hospital, acute | nephritis. Ruth Fleming Walton. 34. 1034 South Sheffield, pulmonary tuberculosis. Alvina V. Campbell. 83. 320 East North. ! cerebral apoplexy. Jay King Brocklehurst, 35 4147 Boulevard place, chronic myocarditis. Florence Sanders Junke. 40. 3805 East Thirty-eighth, carcinoma. Inez L. Stickney, 63. 718 Spring, coronary thormtosis. Sarah E. De Motte, 75. Methodist hes- j pita!, accidental. Hattei B Huder. 72. 3430 Central, aortic aneurism. Joseph Wade. 32. 1924 Cornell, organic heart disease. Martha Harris. 86. 1138 Prospect, chronic nephritis. James Donald Mattingly. 26 days, 1129 East Ninth, lobar pneumonia Joseph P. McHugh. 37. city hospital, fractured skull. Sarah Emily Braughton, 82. 829 Temple, chronic mvocarditis. Samuel Wester Keene. 80. 1327 Park. ! broncho pneumonia. Cedric Ancil Turner. 6 months, 2604 Annette, broncho pneumonia Sarah Freeman. 70. 126 North Spring, chronic myocarditis. Elizabeth Price. 36. Methodist hospital, appendicitis. Charles S Slaker. 65 2748 North Penn- ; svlvania. mitral insufficiency. William Edward Bettcher, 55, 438 North De Quincy, apoplexy. Edna Goebler. 38. citv hospital, Influenza. Margaret Bender. 81. 709 North East, cerebral hemorrhage. Jeremiah A. Hogan, 66, St. Vincent's hospital, carcinoma.

- THIS CURIOUS WORLD -

| 'gilif • H cwtowooo/ SIXTEEN- j *s%£% FOOT JriPSA- -SUNFLOWERS WERE GROWN o''Cinna'h, iigf-mif'' IS THE MOST precious 6ooy of liquid, a[A OF ITS S7ZE, IN THE WORLD/ I , ITS POTASH DEPOSITS' AIONE 1 BH , ARE VALUED AT ABOUT SEVENTY eVLUON DOU.AJZS. C (M3 BY N£A SCRVICi INC l-l L ,

The Dead Sea is only ten by forty-seven miles, but some geologists have estimated the value of its deposits as being worth a thousand billion dollars. For centuries, this below-sea-level body of water has been the dumping ground of the Jordan river, and, having no outlet, it gave up nothing but pure water through evaporation. Besides its enormous beds of salt, the lake contains a wealth of potash, gypsum, magnesium chloride, and bromine. NEXT: By what other names is the groundhog known?

Still Waiting ‘SO Cents of Something’ for Some One Seized by the Cops. IT will be a long wait for somebody who ordered a “50-cent package" delivered to the courthouse steps today. Touring in vicinity of Market and Missouri streets, Lieutenant Leo Troutman became suspicious of a package being carried by Henry Smith, 30, Negro, of 521 West Michigan street. “Stop,” shouted Troutman. A foot race followed when Smith fled. Troutman nabbed the suspect within a block. “What have you in that package?” he asked Smith. “Just 50 cents worth of something somebody told me to deliver to the courthouse steps,” Smith answered. Inspection of contents of the package revealed a pint of alleged liquor. Smith was charged with blind tiger. PAINT PLANT BURNED Franklin Factory Destroyed; Loss Estir.iated at $30,000. By United Press FRANKLIN, Ind., Feb. I.—Fire destroyed the Franklin Paint and Color Company factory here Tuesday night with loss estimated at $30,000. The fire spread so rapidly that firemen were unable to bring it under control. The plant had been idle for months^-

Investment Trust Shares

(By Abbott Hoppin & Cos.) —Feb. 1— Bid. Ask. American Bank Stocks Corp.... 1.40 1.50 American Founders Corp 87 1.00 American & Central Sec (A)... 4.25 5.25 American Investment Tr 5h.... 1.35 .... Basic Industry Shares 2.02 2.08 British Type Inv Tr Sh. 43 .48 Collateral Trustee Sh lAi 3.37 3.62 Corporate Trust Shares (old).. 1.68 1.73 Corporate Trust Shares (new').. 1.61 164 Cumulative Trust Shares 2.75 2.82 Diversified Trust Shares (Ai... 6.75 7.12 Diversified Trust Shares iß>... 5.30 550 Diversified Trust Shares Ct.. 2.13 2,18 Diversified Trust Sh (D> 3 75 4 00 First Insurance Stock Corp ... 2.05 215 First Common Stock Corp 140 1.65 Fixed Trust Oil Shares (At.... 5.79 .... Fixed Trust Oil Shares ißi .... 4.60 Fundamental Trust Shares (A i 2.87 3.12 Fundamental Trust Shares (Bt 2.75 3.00 Leaders of Industry (A) 2.62 .... Low Priced Shares 2.94 3.02 Mass Inves Trust Shares 14.25 15.75 Nation Wide Securities 2.54 2.62 North Amer Tr Shares (1953 • 1.35 1.45 North Amer Tr Shares ('55-'s6i 1 72 1.76 Petroleum Trust Shares lAi... 5.00 10.00 Selected American Shares 1,75 1.90 Selected Cumulative Shares .. . 5.12 5.50 Selected Income Shares 2.58 2.63 Std Amer Trust Shares 2.54 2.60 Super Amer Trust Sh <Ai 2.50 2.60 Trust Shares of America 2 38 2 45 Trustee Std Oil (At 3 12 3 37 Trustee Std Oil ißi 3 00 3 25 U S Elec Light and Pwr (At.. .14.75 15 50 Universal Trust Shares 2.03 2.14 NEW YORK COFFEE —Jan. 31— —RIO— High. Low. Close March 6.00 5.99 5 99 Mav 5.68 5.65 5 65 Julv 5.37 5.22 5 34 September 5.13 5.10 5 13 December 5.05 5.00 5.02 —SANTOS— March 8.40 8.33 8 39 Mav 792 7 39 7.90 Julv 7.62 7 57 7.60 September 7.35 7 31 7 31 December 7.20 7.15 7.16 Other Livestock BY UNITED PRESS PITTSBURGH, Feb. 1— Hogs— Receipts. 1 500 market 54510 c higher: 160-220 lbs. $3.80653.90; 220-250 lbs.. $3 60453.75: pigs, S3 25453.50: packing sows. $2.65452.90. Cattle—Receipts. 10: market, little changed; good steer yearlings, quoted $4.7545 5,40; common to medium heifers. $3454 50; medium to good cows. $2.604f3.25. Calves— Receipts, 50: marke*, steady; good to choice vealers. Sheep—Receipts. >00; market fully steady; better grade lambs. [email protected] some held, $6 75. TOLEDO. Feb. I.—Hogs—Receipts. 225: market! 10c higher: heavy Yorkers. 33 354? 340: mixed and bulk of sales. *3 30453 40': p:gs and lights. $3e3.25: medium' and heavies. 52.75473,25; roughs. $2 25472 50 Catt:e—Receipts. 90; market, slow. Calves —Receipts, light: market, strong Sheep and lambs—Receipts, light; market strong; spring lambs. S4®6. RAW SUGAR PRICES —Janu. 31— , High. Low. Close January 84 , 8 3 .83 March 68 .67 .67 May 70 July . .74 September 78 77 * .77 December 83 82 .82 Jobless Demand Cash Payments Demand that the county pay money to thfe jobless instead of distributing baskets of food is made in a resolution adopted by the Indianapolis Unemployed League at a special meeting Monday night at 1247 J - Oliver avenue.

DOW-JONES SUMMARY

Pressed Steel Car in year of 1932 reported net loss of $i.436.171 after all charges, against net loss of $722,157 in 1931. Steel operations during past week advanced 2 per cent to 19 per cent, according to Iron Age. Feature of trading was revival of investment demand for British funds which generally advanced: German bonds declined; International issues were reactionary. Regular quarterly meeting of directors of General Motors will be held the first Monday of February. May. August nad November instead of the first Wednesday of these months as previously. General Foods now has 56,000 stockholders. an increase of 130 per cent since October. 1929. Standard Oil of California and Borden declared the regular quarterly dividend of 40 cents, against 50 cents previously. Production of electricity by electric light and power industry of United States for week ended Jan. 28. decreased 7% percent, against like week of 1932.

Produce Markets

Delivered in Indianapolis prices; Hens, heavy breeds over 4% lbs., lie; Leghorns, 6c. Colored Springers. 1% lbs. up. 8c; Leghorn and black. I*2 lbs. up. 6c; stags. 6c; Leghorn stags. sc; cocks, sc; Leghorn cocks 4c. Canons. 9 lbs. and up. 15c; 8 to 9 lbs.. 13c; 7 to 8 lbs.. 11c; 6 to 7 lbs.. 10c; under 6 lbs.. Redheads and Slips. 9c. 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 No. 1 fresh country run eggs. 9c. Pullet eggs. 6c. Each full egg case must w-eigh 55 lbs gross. A deduction of 10c per lb. for each lb. under 55 lbs. gross will be maae. Butter fat. 14c. A deduction of 10c per lb. will be made for each lb. under 55 lbs. gross. These prices for healthy stock free from feed. No sick poultry accepted. Quoted by the Wadley Company. DRYS CHART STEPS FOR REPEAL BATTLE Mass Meeting to Be Held Feb. 13, Dr. Crain Announces. Although permanent organization was formed Tuesday by the 200 prohibition workers meeting at the Roberts Park Methodist church, resolutions were adopted opposing repeal of any of the dry laws. The meeting was called by Dr. James A. Cram, president of the national conference for prohibition. Dr. Oliver W. Stewart and Miss Norma C. Brown, both of the Flying Squadron foundation, spoke at meetings Tuesday night at the Robert§ Park church, and the other at Central Christian church. A mass meeting will be held Feb. 13 to continue the fight against dry law repeal, according to Dr. Crain. HOOSIER BANK BANDIT GUILTY, JURY RULES Edwardspcrt Man Convicted; Faces Ten Years to Life. By United Press SULLIVAN, Ind., Feb. I.—Roscoe Johnson. Edwardsport, was found guilty by a jury in Sullivan circuit court today on charges of robbing the Pleasantville bank last Nov. 3. The jury deliberated four hours. The conviction carries a penalty of ten years to life. Judge Martin Pigg deferred sentence. Johnson was identified by Cashier Everett Jones and the latter's wife, Grace, as the man who covered them with a revolver while an accomplice took $487. APARTMENT LOOTED OF SBOO IN CLOTHES Theft of a S7DO fur coat and SIOO worth of dresses from an apartment at 3003 East Fall Creek boulevard Tuesday night was reported today to detectives by Harry W. Hobbs, occupant. Burglars stole a radio valued at S9O from home of Brooks Pate, 1515 East Ohio street, after gaining entrance by prying open a rear window. Large quantity of supplies was stolen by thieves who broke into a store at 221 Richland street, Charles Connor, manager, said. Loot of unestimated value was obtained by burglars who ransacked a Guarantee Tire and Rubber Company branch store at 2118 East Washington street.

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

PAGE 11

STOCK MARKET RALLIES AFTER INITIAL SLUMP Indifference of List to Steel Dividend Cut Cheers Trade.

Average Stock Prices

Average of thirty industrials for Tuesday. 60 90. up .13. Average of tw-nty ra ls. 28.92. up 92 Average of twenty utilities, 26.69, oft 48 Average of forty bonds, 80.54. oft .08. BY ELMER C. WALZER Times Financial Editor NEW YORK. Feb. I—Stocks declined a fraction to more than a point in the early trading tcd*y on the overnight reduction of the preferred dividend by United Spates Steel Corporation and publication of its adverse earning report for 1332. United States Steel common opened 1% points lower at 27 on a sale of 500 shares, and subsequently slipped fractionally .under that figure. American Telephone, whose dividend also is in question, opened off 1% points at 102%. and later approached the 102 level. Strong support appeared in other sections of the list after the initial setback, and many traders were agreeably surprised by the relative indifference of the market to the adverse Steel Corporation news. Early offerings were small, indicating that important holders of stock were not discouraged.

FRUITS, VEGETABLES

FRUITS— Apples—Grimes Golden. sl2s® 150; Jonathan. Delicious. Golden Delicious $1.50® 1.75: Wagner. Twenty-ounce Pippin.’King. Staymen. $15001.75 a bushel basket; boxes. Jonathan. Delicious, Grimes, $1.50 31.75. Baldwin, Greening, $1.25 a bushel. Avocados—Florida, $2 75 a box of 9s and 10s; California, $5 for box of 245. Cranberries—Cape Cod. S2 75 a 25-pound box Grapefruit—Texas. $303 50 a crate; bulk. 2%c a pound; Florida. $3 50®4. Grapes—California. Emperor, $2 a lug. Lemons —Sunkist, $5 50 a crata; independent, $4.5 0. Limes—Mexican, $3 a 100. Oranges—California, navel, $3 25(23.75 a crate; Florida, [email protected]. Pears—California DAnJou. $3 a box; Bose. $3. Strawberries—Florida, 13214 c a pint. Tangerines—Florida, $2 a bushel, box, $1.75@2. VEGETABLES. Artichokes—California. $1 dozen. Asparagus—California. $5 a crate. Beans—Stringless. $202 50 a hamper. Beets—7sc a bushel Broccoli—California. $2 50 a crate. Carrots—California, $2.75 a crate, 60c a dozen bunches. Cauliflower—Western. $1.50 a crate. Cabbage—Northern. 65c a 50-pound bag: less than a bag, 2c a pound; red. $1.50 a bushel; new cabbage, Texas, $1.25 a 50pound bag. Celery—Michigan. 352 60c a bunch; hearts. 90c a two-dozcn-bunch basket. Celery Cabbage—7s© 90c a dozen. Cucumber—Hothouse, $1 50 a dozen. Eggplant—Southern, $1.50 a dozen. Garlic—California, JOc a pound. Kale—Virginia. 60c a bushel Lettuce—Western Iceberg. $3.50 a crate of 4s to ss; leaf, hothouse. 65c a 15-pound basket. Mushroom*—2s@3oc a pound. Onions —Indiana yellow. 50-pound bag, 40 2 50c; Indiana white. 75c; Idaho Spanish, large, 50-pound bag. $1.15; Colorado, $1.25 a crate. Parsley—Home-grown. 30®40c a dozen bunches. Peas—Telephone. $6,50 a 45-pound crate. Peppers—Florida. $4 a crate, hamper, $2 50. Radishes—Button, 40®60c a dozen bunches; long white, 40c. Rhubarb—Five-pound box, 50c. Spinach—Southern, $1 a bushel. Turnips—7sc a dozen; S3 a crate. Tomatoes—Hothouse, $1 50 an 8-pound basket, California, original, $1.75 a 30pound lug; repacked, $1.25 a 10-pound carton. POTATOES Michigan round whites, 90c®$l a 100pound bag; Minnesota Early Ohio. $1 15 a 100-pound bag: Bed River Early Ohio. $1.35 a 100-pound bag: Idaho Russet, 51.65 a 100-pound bag; Texas, new. $2 a 50-pound bag Sweet Potatoes—Nancy Hall, Tennessee, hamper. 75c; yellow Jersey. Indirna, 90c®) $1.35 a bushel. > CHICAGO FRUIT, By United Press CHICAGO. Jan. 31.—Apples—Michigan Jonathans, bushel, $1.1521.25; Spies, bushel. $1.15© 1.35; Mclntosh, bushel. sl.ls 21 25; Greenings, bushel. 85c©.$l OIL DIVIDEND DECLARED By United Press NEW YORK, Feb. I—Directors Standard Oil Company of New Jersey today omitted the extra dividend of 25 cents a share due on the capita! stock at this time, but declared the regular quarterly dividend of 25 cents a share.

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

★ Safety for Savngs Fletcher amer;can NATIONAL BANK Southeast Corner of Market end Pennsylvonn