davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Produce Markets

Eggs Country runl-Loss of delivered
IN Indianapolis. 22c; henery quality No. /.
25c; No. 2, 15c.
Poultry (buying prices) Hens Weighing
s lbs. or over, 14c; Under lbs. .l3c; Leg
slz lbs. and up. 13c; barbeback, lie: Leg
horn hroilers. 10c: spring chickens. lis.
and up. .lSc: under 12c: old cocks. &c:
ducks. full feathered. &C: geese &c. These
prices are for No. TOD quality quoted by
Kinaan & Co
Butter twholesalel /. S0@S1c: No.
28n29c.
Butterfak-26c.
Cheese wholesale selling price per
ioaf. 953sc: Wisconsin, Vf SIM frsts. isc! Long,
horns. 19c: New York nberger. SOC.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
In the Stock Market
fRv Thomson & McKinnonl

NEW YORK, Jan. 4.-ExpIana-
ton for the weakness of stocks to-
day was no clearer than Saturdays.
Scattered liquidation developed
right at the outset, with buying
power too feeble to prevent leading
stocks, like Steel, General Motors,
Can and Telephone from register
ing new lows for the depression.
In some quarters there was dis
position to associate the selling with
the publication of numerous annual
financial statements.
While earnings, as reflected in
these reports were disappointing,
no small part of the snrinkage was
traceable to the marking down Of
security valuations, notably bonds.
On the other, many institutions re-
vealed unusual liquidity. Of course,
the whole financial situation re-
flected a loss of confidence and very
little, if any, Judgment of intrinsic
worth, or appraisal of future bust
ness.
Management, assets and even
earning power are frequently disre-
garded in the nervous fear that
seems to influence the selling of
both stocks and bonds. Admittedly
there is much uncertainty. We are
facing problems never before ex-
perienced.
But does that justify the exag-
gerated hysteria evidenced by in
vestors? Common sense tells us
present conditions can not longer
endure unless the world is to COL
lapse economically. That is I'M
thinkable. While the action of
the market is disheartening, it must
be remembered that it is the minor
ity that now looks upon the bright
er side Of things.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
DOw-JOnes
Summary


Associated Dry Goods Corporation. onits
quarterly dividend on common stock, due
at this time: three months ago pay
ment Of IS cents was made.
Total sugar melt of fourteen United
states refners from Jan. 1 to Dec. rs.
1881. amounted to 4.135,00O long tons,
against 4.4s4,000 long tons in same
period Of 1880; total deliveries were
SEQ, 600 long tons, against 4.S95,OO0.
New York cables opened in London at
336 against 3.S7ss; Paris cheeks. $3.50;
Amsterdam. s.s4s7; Italy, $500 and
Berlin 14.15T.
Lee Rubber and Tire Corporation in
year ended Oct. 81. net loss amounted 10
ss25. 100 after expenses oepreeIatieoTns;o m
terest. etc, against net Joss Oh SfSS' III
in previous fiscal year.
Canadian Pacific December gross
amounted to s11, $4,000 against $14,414.-
600 in December, 1880; for the year Of
1881 gross amounted to S144, 100000
against $1s2, 561, 900 in 1880.
Eureka Pipe Line Company declared the
regular quarterly dividend of 81.
Sept. 50. 1851. net loss S43s, 1S2 after in
terest, depreciation, organization expenses,
etc, against net loss Of S532,57 in pre-
eedng year, pros s oaa o loss dencit az 81
s., COS. 57s at close of previous year.
Loew's, Inc, and subsidiaries in twelve
m months FL & saa N0 S s 9s pTo but Ssoe
subsidiary. preferred dividends, against
81, 6S7, 021 in 1880 period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

Clark township. The deer test on the o.
B. Cummings lease in the northeast 1lsr-
ter OF Tobin township. Is drilling AZ LBS
feet. The william Dotson No. j. drilled bv
Hughes and others in the southeast quar-
ter of Clark township. is drilling at about
500 feet.
Pike-Harrv ". Bel. and others COM
pleted a second gas wel on the Craig heirs
lease in washington township. with >
production Of 1000. 900 cubic feet, A third
well has been started om1,sssttiRMg ,hess
the Aaron George farm. The third veil
on the r. 7: Morrison Lease IN Wash
production OF 45s.ooo cubic feet. In section
10. same township. a; Y. Burden Is
drilling the Walter Smith No. I.
Spencer-A fourth well on the Marie Berg
lease was completed BY the Santa Re OIL
about twenty barrels. The William. Grass
No. was completed bv I. A. Polhamus,
making about a sen-barrel well.
Sulhvan-Tools have been hshed out OF
the c. w. Scott No 3 in Fairbanks town.
ship. and the well restored to production.
Switzerland-F. C. Bakes and others COM
pieted zoe. 900 cubic foot gas well at 4s3
feet on the James HankinS farm in CLARK
township and an $1,000 cubic foot weil
at AL feet on the Joseph Kummel lease,
Wiseman farm where 1.s0o. 900 cubic foot
we'll at 90 pounds pressure was found al
a total depth OF S95 feet. Other wells
are drilling on the James HankinS and NJ.
H Griffith farms and the Lawrence Cooper
land in section Is.
warrick-The Henry Menke No. l. 9eiue
panv in Greer township. is down more
than 500 feet.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
In the Cotton Markets
(By Thomson &c HlcKinnon)

NEW YORK, Jan. 4.-The cotton
market was quiet and steady m the
middle of the day after an early
loss Of Is to II points. Apparently
southern factors had accumulated a
large amount of cotton during the
holidays and sold hedges against
it all in the first thirty minutes Of
trading.
We fail to find anything in tex
tile news sufficiently interesting to
quote. The trade continues to buy
on declines and the mills contin e
to operate on full time in most Sec
tons.
There is certain amount of
operation on night shift and we feel
that technically the market is in
the best of shape; that is to say
cotton contracts held by non-mem-
bers of the trade are at a low ebb.
It is inevitable that the time must
come soon when the probabilities
of new crop will influence prices.
The winter is unusually mild in the
south. The acreage is coming down.
We favor the long side.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BrightSpots
of Business
BY United Press

NEW YORK, Jan. 5.-Business of Loew's,
Inc, has been improving materially and
earnings now are equal to year ago,
David Bernstein, vice-preSidents said in
Issuing earnings report.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

OBSERVATION-DISCLOSURES Company and
subsidiaries reported for the year ended
Oct. 81. 1881. net profit of S2O1 $3.50,
against $11,365 in the preceding year.
ST. PAUL. nn.--NorthWeStern Innnrnve-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

ST. PAUL. Minn.-Northwe Improve
ment Company owned by the Northern
dend of S. 600 and the S regular oa AZ
nual dividend of $992. 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

Associated Dry Goods Corporation. ou1its
quarterly dividend on common stock, due
At this time; three months ago pay
ment Of IS cents was made.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BuiIdinu Permits

,,, Mr.. Rsbb; heating plant. Alas North
Norman sulgrove. repairs. 1909 Bellefon-
Lcrenz, Koenig. repairs. 14lz-1s East
Clarence Rhodes. repairs. 52s West Pearl,
Frank Reynolds: repairs. 415-ls East
Gulf Refining Company, tanks. 1910
and building. 1910 South State, SIS 600.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Other Livestock
By United Press

CLEVELAND. Jan. 5;;--Hogsm1.Receipts.
14o-230 lbs. $4475; 24o-3o0 lbs, $425 to
$4.35; pigs, $3.50; rough sows. steady,
So so. Cattle--Receipts, 100: cows and
bulls strong to unevenly higher; low
cutter and cutter cows, $1.50@3.25; COM
mon, $3.50; most sausage bulls, 81 down;
weighty kind quoted. S4.25@4.5O. Calves
Receipts, ZOO active at Mondays full adj
vance; nearly good to choice vealers, 50
$3.50; toppy $40 quality scarce; Gull to
medium, $668.50. Sheep-Receipts, q 600;
steady; good to choice lambs freely at
stronger; nearly good ewes, $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Cash Grain

Jan. e.
The bids for car lots of grain at the
call of the indianapolis Board of Trade,
I; O. b. shipping point, basis 411ac New
Wheat-Easy. No. 1 red, 1917 q 5o1ac;
No. red, 48h@49hc; No. 2 hard, 481a.
Corn-Easy; No. white. 28@3Oc; No. 4
white, 27@291aci No. 3 yellow, 264a@27Iac;
No. 4 yellow, 251a@261ac; No. mixed,
25@26c; No. 4 mixed. 24@25c. Oats
Easy; No. 2 white, 22@23c; No. 8 white,
21@22c.
Hay-stesdy e. o. b. country points
LouiSville.) No. / timothy, S7075O: No.
timothy, $6@650.
Inspections
WheatTNo red. cars; No. red,
white 2 cars; No. Q yellow, cars; No.
yellow. 8 cars; No. yellow. "a cars: No.
mixed, car; No. 4 mixed, cars. Total
SO cars. Oats-No. white, cars; No 3
white, 9 cars; No white, l car; No 2
mixed, 1 car. Total, 16 cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

SAN FRANCISCO-southern Pacific
Company announced the return of $3.50
locomotive and car shoDmen to work or
fOur-day-week basis at shops through
out the Pacific system.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

BIRMINGHAM. Ala-Giving EMPLOYMENT
to about 1000 men. the Tennessee Coal &
Iron .Compahy's rail mill and i've OPEN
hearth furnaces. resumed operations on
reduced schedule after being idle since
July. 1881.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
HEADS CIVIC LEAGUE
DIR. r. E. Mitchell Is Elected by
Brookside Group.

DR.. r. E. Mitchell, 1927 East Six
tenth street, today was the new
president of the Brookside Civic
League, following his election Mon
day.
Other officers named were George
w. Payne, first vice-president; Clyde
Montgomery, second vice-president;
A Leroy Portteus, third vice presi-
dent; Mrs. Clyde Montgomery, re-
cording secretary; Mrs. George
Shepherd, corresponding secretary,
and Henry G.. Blume, treasurer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05

NEW YORK, Jan. O.--BuSlneSS OF LOSW 5,
Inc, has been improving materially and
earnings now are equal to. year. ago,
David Bernstein Vice-preSidents said in
issuing earnings report
SOUTH BEND, Ind.-SaIes Of the
Studebaker Corporation in December,
1881, were more than 100 per cent higher
than in December, 1880. and more than
so per cent above December. 1929, A. r.
Erskie, president of the corporation, an
nouced.
.YONKERS. N. Y.-Three thousand en-
ployes returned to work at the Smith Car
pet factory, one OF the largest plants.
CHICAGO-Chicago Great Western Rail-
road, effective at once, is returning $50
men to work at its Oelwein, Ia, shops
for a period of not less than three
months, Patrick H. Joce, president of the
road, said.
DETROIT-Graham-Pa Motors Cor
poratton announced that production of the
new Blue Streak eight model in Decem-
Der was the largest December output since
1925, and the largest single months pro-
ductlon OF eight cylinder cars in the COM
panys history.
SAN FRANCISCO-Southern Pacific
Company announced the return of $3.50
locomotive and car shODmen to work or
fOur-day-week basis at shops through
out the Pacific system.
BIRMINGHAM. Ala-Giving employment
to about 1000 men. the Tennessee Coal &
Iron Compahy's rail mill and i've OPEN
hearth furnaces. resumed operations on a
reduced schedule after being idle since
July, 1881.
DETROTT-The Buick Motor Company,
produced and shipped 11,629 cars in De
cember. compared with 905S in November
and 40o2 in December. 1880.
HARTFORD. Conn.-The three Travellers
insurance companies reporting cash pre-
niums received from life insurance dur
ing 1881 set a new high record, beating
1880 by So 604.00
OBSERVATION-DISCLOSURES Company and
subsidiaries reported for the year ended
Oct. 81. 1881. net profit of S2O1. $3.50.
against $11,365 in the preceding year.
ST. PAUL. Minn.-North Improve
ment Company owned by the Northern
dend of $5.000,0OO and the regular ar
nual dividend of $992.000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
NEW YORK
NEW ORLEANS
SUSPEND BROKERS' FIRM
Gurnett & Co. Lose Rights on
Exchanges.

b Untted Press
NEW YORK, Jan. 5.-Gurnett
81 Co., with offices in New York,
Maine and Massachusetts,, was sus-
pended by the Stock Exchange to-
day for insolvency. The company'S
offices are heated at Augusta,
Bangor, Lewiston and Portland,
Maine; Boston, Providence and
Woonsocket, r. I.
The Curb Exchange suspended
the firm from associate membership
following the Stock Exchange
action.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BIZ United Press

EAST BUFFALO. N. 2, Jan. S.---Hogs-
On sale. .27o0; weights below 2lo lbs.
davis average: heavie- weights slow, bid
ding unevenlv lower: medium to choice.
10000 lbs. $3.50; some held around, So
27O lbs, s4s5; few pigs. $4.s5. Cattle
Receipts. $50: yealers unchanged; bulk
better lots. $3.50; common and medium,
Csc higher on light supply; fat natives 81;
medium kinds and mixed lots. S6.25q $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
By United Press

ceipts. $500 including sS1 direct: held
over. 12l: slow. steady to weak: some bid
lower; better grade. 16o-2A0 lbs. s4.6o@
300 lbs. S4.1064.50; 120-150 lbs, s4.25@
4.4o: bulk sows. sS.25; few lightweights.
$3.50 Cattle-Receipts; 55o: calves, ESQ;
common and medium steers and heifers,
s4256650; some better finished heifers. up
to 81: one package. $3.50: most beef COWS,
s325@350: low cutters and cutters. S1.T5@
275; bulls mostly s4.25 down: a. few $3.50:
vealers. SOC higher: good and choice. S8@
Receipts. 200: lambs. strong to Csc higher;
better grades. $3.50 q $50: bulk arognd;
SIS: sheep steady: fat ewes. So down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
By United Press

CINCINNATI. o.. Jan. 5.-Butter-
Steady: creamery in tub lots. accordiag. TO
score. 2l625c; common score discounted, 2
G3c; packing stock, No. /. 20c: No. 2, i4c:
No. g. S6loc: butterfat. 20 24c. Eggs
Steady: cases. included extra frsts. 2Ic:
hrstS. zoe. seconds. 1916: nearby rn-
graded. lee. Live poultrv-Thin and coarse
stock sells only ct heavy discount: fowls
5 lbs. and over. lsc; lbs. and over. Ice: 8
lbs. and over. i5c; Leghorns. lbs. and
over. lSc:. roosters. &c: broilers. colored.
22c; lbs and over. zoe: fryers, 3 lbs.
horn broilers. lbs, and over. l5c: IL
lbs. and over. l5c; lbs. and over. l2c:
Lerhorn stays Toe: colored stays. lac;
black springers. lOc: roasting chickens. /
lbs. and over lsc: ducks. under : lbs;
sell at liberal concessions: ducks. white I
lbs: and over lsc; under lbs. iSe; colored
capons 5 lbs. and over. use: under 10
lbs. Tic: slips i5c: guineas, ioc: turkeys
No. / hens. 8 lbs. and over. 14c: Young
Toms. No 10 lbs. and over. 20c:. No; /
old Toms. lac: Young Toms over Is lbs.
turkeys under lbs. and Toms under 10
lbs. sell at liberal concessions; piSeors.
old S10S
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BvUnited Press

EAST ST. LOUIS. Jan. 5.-Hogs-Rs-
eeipSs. u. 500; ms arg ioGl5c Lower: TOP;
270-760 lbs. s4.1064.30; pigs. s464.5o;
Sows. $s10Qs.25. Cattle-Receipts $500.
Calves-Receipts. 1900: market. strong on
COWS: fully IS a SOC lower on vealerS;
other classes generally steady: steer range.
s637.S5; mixed yearlings and heiters in
large supply at $3.50; cows. S3.2504: low
cutters $1.T5G2.25: top medium bulls.
s. rs: good and choice vealerS. S5GS-25.
Sheep-Receipts. 1900; market. opened
about steady TO city butchers: choice
lambs, IS. indications steady on others or
around s5.5o65.75 to packers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
By Times Special

LOUISVILLE Jan. .-Hogs-Receipts,
700: 1Oc lower. 1920 pounds. $4.4O:, 240-
300 pounds. s4.10: 800 pounds up. $3.50;
325: stays. $225 down. Cattle-Receipts.
200; steady with Mondays close: bulk
slaughter steers and heifers. $4.50@8; best
and feeders scarce. nominally sS@5. Calves
Receipts. 200: not enough trading done
TOP Monday on fancy Tesiers. 81. Sheep
and lambs-Receipts. 100: steady to strong:
best fat lambs mostly $3.50; few quoted
outs. So down: fat ewes. So down. Mon
DAYS shipments-Cattle. 1856: calves. no;
hogs. none. and sheep. none.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
By United press

PITTSBURGH, Jan. -Hogs-Receipts.
500; market weak to cent lower; f40-
22O lbs, S4.8S65; 230-275 lbs, s4506475:
Receipts, IS: market, nominal. Calves
Receipts, 100; market. steady; better grade
vealers, S8@9.50: common to medium. $3.50
Q7.5O. Sheep-Receipts, 500: lambs around
70 s6:75: bulk good TO choice ssM6 so
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
STOCK SHARES
EXHIBIT UNEVEN
MARKET ACTION
Most Rails Maintain Firm
Tone on BuIliSh
News.
Average Stock Prices

Average OF thirty industrials for Mon
day 7l.59, OF 900. Average Of twenty
rails 3i.63. OF AZ. Average Of twenty
utilities 1896. OF "a. Average Of forty
bonos 770s. OF ~.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Rxunitsd Press

LAFAYETTE Ind, Jan 5.-Hogs-Mar-
400 lbs, sxas: 1oo-aas lbs. s4.i5: ass
ass lbs. 81: 2s5-1S0 lbs. So 90: z50-275
lbs. ss.75: 275-300 lbs. 1915; 500-325 lbs.
$40: 1oesfso rs 81: rouEhs. fs.5s down r':
top*calyes. 81; top lambs S..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Local Wagon Wheat

City grain elevators are paying 45c for
No. 2 red wheat and 45c for No. hard
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Bg United Press

CLEVELAND. Jan. S.-Butter-Extras.
Extra firsts Csc: current receipts, 2lc:
market weak. Poultry--Heavy fowls. 20c:
medium. lsc: Leghorns. i56I i6c. smooth
sprineers 1SM2 zoe: ducks. 20c; turkeys. 25c:
geese lSc: stays I3c' market. steady. Po-
tatoes2<Chios mostly soc per bushel sack:
Neine Green Mountain. few. s1i0MI15 per
bushel sack
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Net Changes

80 United Press
NEW YORK, Jan. 4.-Closing
prices and net changes on principal
stocks Traded today on the New
York Stock Exchange follow:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BIZ United Press

TOLEDO. Jan 5.-Hogs-Receipts. 1906,
market. i5c to Csc lower; heavies, $3.50
G375: medium, $4G4.25: workers., s4.25G
44o; pigs, s4N AIS. Cattle-Receipts, so;
market, steady. Calves-Receipts, light;
market steady. Sheep-Receipts, light,
market, steady.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
By United Press

CHICAGO: Jan. ss;.-Egss-Markst,. IN
CENTS, 1920 seconds. l26l5c. Butter
extras. Csc: extra frsts. 2siE624Iac: frsts.
22ik G2Sc; seconds. 2ld ss22c: standards
24i5c. Poultrv-Market. steady: fowls. Is
a 2oc springerS 16c: LeghornS. i2c: ducks
16Glec: seese. 12isc; turkeys, 151 22c:
BOOSTERS. 10c. Cheese-Twins. 12dl31sc:
Young Americas. l3isQlss4e.. Potatoes
On TRACK 165. arrivals. IS; shipments. ass:
market. steady: Wisconsin Round Whites
S0G85c: Idaho Russets. Sl.5061 so: Michi-
gan Russet rurals. S5690c; Colorado Nc
Clures. si.404l.45.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Other Livestock
BIZ United Press

CHICAGO. Jan: 5.-,Hogs- Receipts. a.
heavies off least; 140-210 lbs, $4.20@4,50;
top, $4s5; 22o-soO lbs, $3.85@4.15; pigs,
lights, l4O-I6O lbs. good and choice. $40
@4.35: lightweight, 10000 lbs. good and
choice, $4.2O@4.S5; medium weights. ZOO
ESQ lbs, good and choice. $S.95@4:So;
choice. ssTSSS 4eS; packing goEs; OG s75:5oo
ter pigs. 1oo-iso 6s. good sd' and choice.
$3.90@4.25. Cattle-Receipts. 5000; calves.
steady, but medium weights and weighty
market on such kinds. 25c or more lower:
bulk selling. $3.50 down; prospective top
and vealers, steers 600-900 lbs, good and
choice, $750@11.50; COOL 100 lbs, good
and choice, $7.75Q115 so; 1,10O-l 800 lbs,
good and choice: s725@i1 q; 1901: 500
1900 his common and medium. s4@7.25;
heifers. 550-850 lbs, good and choice, Sc
Q8; common and medium. $3.25@6; cows,
good and choice, $4q425; common and
$203; bulls, yearlings excluded good and
choice, beef, $4.25@4.75; cutter to me-
dium, 1904 vealers, milk fed, good and
choice, $685. medium, sos; Gull and
steers. 5oO-1, 05o lbs. good and choice,
$475@6; common and medium. $3@4.75.
Sheep-Receipts. $4,000; not established;
bidding Csc and more lower; feeding
asking. upward to $675: feeders. $4,000
4.50; slaughter sheep and lambs, lambs 80
lbs. down. good. and choice, $6@6.75; me-
dunn, $5@6; all weights, common, $405:
ewes, 9o-150 lbs medium. to choice. $2@
@250: feeding lambs, feeding lambs, So
IS lbs, good and choice, $45005.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BY ELMER G. WALLER
United Press Financial Editor

NEW YORK, Jan. 5.-Prices
moved irregularly on the Stock
Exchange today. The majority Of
changes we're narrow, but in sew
ersl instances wide declines we're
recorded for special reasons.
Pivotal issues we're mostly lower
after early steadiness. Steel COM
mon slipped below Sc toward its
bear market low, but volume was
small in the issue. American Can
lost gain of a point. Around
noon small declines were recorded
in Du Pont, General Electric,
Allied Chemical and j. l. Case.
Waldorf System was driven down
to 111z, off Ga, in the early trad
ing following suspension for in
solvency of the Stock Exchange
house of Gurnett g. Co., which
sponsored the stock. The firm was
part sponsor for Ludlum steel issues
and these also crashed.
Selling Breaks Out
Heavy selling broke out in
American Smelling and the issue
dropped 3A points to 1874 on fears
over the safety of the dividend.
The same reason was given for the
drop of 2 points to a new low at
10 in Atchison, Topeka & Sante Fe.
Electric Auto-Lite slipped off
steadily as holders liquidated. 1t
was around %, against a previous
close of 28M. Columbian Carbon
held steady following reduction
from 81 to SO annually in the divi-
dend. American Telephone resumed
its decline toward the 100-mark,
touching a new bear market low at
1091s, off "a.
Rails Hold Firm
Aside from Atchison, the railroad
group maintained firm tone.
Northern Pacific firmed up on dec
laration of a $5OO0,0O0 special divi-
dend by Northwestern improvement
Company, a wholly owned subsi-
diary. New York Central rose near
ly a point and Pennsylvania rose a
fraction.
Utilities moved in narrow range
as did oil shares. Standard Oil Of
New Jersey failed to respond to the
judgment of the company on the
price of the stock. Directors decided
it was worth $1,000 a share for en-
ployes, but the Stock Exchange level
continued around S26 a share.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
Bank CIearings
INDIANAPOLIS STATEMENT

INDIANAPOLIS STATEMENT
Jan, A.
Clearlngk ACKNOWLEDGEMENTS 20, 20 ! ,uUV'vvU
Debts .................... 8,313,000.o0
TREASURY STATEMENT
Jan. s.
Net balance for Jan. 49,. $479. II 333. 69
expenditures .............:.. 4,UoS 4U3.uS
Customs reefs. mo. to date. 2,946, 448.99
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-05
BIZ United Press

TOLEDO, O., Jan. 4.-close: Elevator
ccf ornNo Whe vdIIoN aS I red 5sz
white. 28Q29c. Rye-No. 2. Sic. Grain
o., track, 2SAc rate. Wheat-No. red,
No. yellow. 34@S5c: No. 5 yellow, sSIs@
331ac. Oats-No. 2 white. 25@26c: No. 8
white. 2312@25c. Clover--Prime. $500;
February $8.75: March. $500. Alsike-
Cash. $3.50; February. $8.75; March. $e.35.
Butter-FancY creamery. 30M31c. Eggs
Current receipts. 22@24c. Hay-Timothy
per cwt.. $1.0G.