The Bakersfield Californian from Bakersfield, California on January 4, 1933 · Page 13
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The Bakersfield Californian from Bakersfield, California · Page 13

Bakersfield, California
Issue Date:
Wednesday, January 4, 1933
Page 13
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) £ CALIFORNIA^, WEDNESDAY JANUARY 4. 1933 Ib BRITAIN'S GbtD REACHES U. S. Coloiiy Attempts to Keep Idle Lfacte Out of Vice " ' c ; and Crime (Anactoted Prett leaned Wire) SEATTLE, Jan. 4,—The "youth col* ctiy" of Seattle has made a start 1 toward keeping the city's contingent of homeless boys away from crime and vice, Approximately $00,000 penniless youths are believed roaming the-country, and each week a large group wanders Into this seaport city. "What, shall' we do, with them?" welfare organisation heads asked each other. "They are too young to stand in the bread lines and have too many possibilities to be allowed to stray In the streets and sleep In box cars with •. more hardened men." ' Organizations .Unite \ , The "colony" resulted when all Juvenile welfare associations combined to create something that was unforeseen when budgets were made put. Sponsors were drawn from Several charity Societies. The Salvation Army donated space for sleeping- quarters and club rooms, -i The: comm'unlty chest gave some money. The Volunteers of America offered dally meals. The spon- . Sors "panhandled" for a piano, card tables and games—anythlnk to keep the boys occupied and. off the streets. •Now they have a program. The boys Are ft self-governing community, keeping their clubrooms clean and disciplining themselves. They have free medical attention. > Program Explained First they nro registered, then In. vefltlgated by the Travelers' Aid. If they hnve homes, arid If It is possible to send them there, they go. If not, they are. assigned quarters and during the day they have a work program. At night social activities are •1 arranged. They are encouraged to finish school, and business leaders take them through industrial plants and give talks designed to kindle ambition. Meanwhile leaders of the group helped them hunt Jobs. The idea Is to make them self-supporting, self-re• spectlng citizens. "We don't welcome the boys," said one backer of the colony, "but once here, we try lo keep them out of the gutter and make something." them amount to PEP IN SHANWAN FIGHT (Continued From Page One) SEEK SISTER FOR Man Who Wrote Words of "Sweet Adeline" May ' Offer New JSong (Associated Preti Leased Wire) NEW YORK, Jan. 4.—Richard Oer- ard Husoh expressed the hope today that "Sweet Adeline" during the New Ycnr might have a sister as lusty, In the good old barber shop manner, a» Adeline herself. Mr, Husch Is a post office clerk In Jamaica, Queens, which Is utilitarian. Ho Is nlso the man who wrote the words of "Sweet Adeline," which Is art. "Sweet Adeline—" began Mr. Husch. and his Interrogator chimed In* with STOCKS &ND MARKETS tho Inevitable harmony, lino." Sweet A-do- Mlillonalrei, theoretically, for * minute are these workmen, for they,are possessors of 118,000,000 In gold which came to New York on the liner Majestic. But they soon got rid of the' money, ft was part of Great Britain's war debt payment to the United States. Technocracy Explained "Sweet i Adeline," continued Hunch, who wrote the song under the namo Gerard with Harry Armstrong do.lng tho music, "didn't do as well by us as she might have. She was a girl, you might say, who didn't start stepping out Into the Important money until she had left home. "We had her around for a long time, and the best offer we got was $10. A quartet looking for a song came over to. give the song a listen. Their ag6nt said It was terrible, but tho barber shop harmonlzers took It DIVIDENDS (Amoolated Preti Leaitd Wirt) NEW YORK, Jan. 4. — Colgate Palmollvo Peet Company today declared a regular quarterly dividend of 25 cents on the commqn stock. • . » i Cal. Water Service Income $1,072,270 (A»toel«ted Pres» Leased Wire) '• SAN FRANCISCO, Jan. 4.—California Water Service Company reported net operating Income for the year ended November 30, 1932, was $1,072,270 before, federal Income tax, compared with |1,062,888 In the preceding year. .Gross was $2,088,032 compared with 12,045,487. The company Is a subsidiary of Federal Water Service Company, BRIGHT SPOTS IN BUSINESS anyway. But 'Adeline' didn't go over any (United Press Leased Wire) possible Japanese advance to the south lived under great tension. It was believed, however, that the Japanese would continue to hold Shanhalkwan to protect their troops from attack during an.advance Into Jehol. The Chinese telegraph administration re-established communication with Shanhalkwan, disrupted during the fighting. Japanese-Attacked, Shanhalkwan, according to advices received here, with two destroyers, 10 field guns, BOOO Infantry and bombing planes. After a breach was opened In the great wall •by sustained bombardment, Japanese Infantry attempted to break through. Their first attempts were turned back Jiy Chinese machine gunners. WASHINGTON FEARS CLASH WITH AMERICAN TROOPS .WASHINGTON, Jan. 4. (U. P.)-The state department and foreign offices of the European, powera are anx- v 'lous lest the new military operations in China lead to a clash between Japanese or Chinese and foreign troopa. This anxiety will become even more a'cute if Japanese forces, victorious at Shanhalkwan, move into the Tlen- tsln-PelpIng area of North China. Despite denials from Toklo, some officials here believe that is In tho cards. They find reason to think that Tokio has 'decided to bring the area around China's ancient capital undar its influence, to crush the power of young- Marshal Chang Hsiao-Liang and-thus cut off the reputed source of supplies for the Chinese Insurgents in Manchuria. , • No Protest Filed Secretary of State Stlmson has not protested tho Japanese attack on ifhanhalkwan, strategic control point of the Pelplng-Mukden railroad, nor In it likely that he will do so. But the Htatu department plans to apply t» further Japanese gains in China the "nonrecognltlon" policy adopted last winter In. the case of Manchuria. Anxiety over the predicted campaigns in the Tlentsln-Pelplng area arises from the fact that tho western powers have thousands of citizens an<1 troops there. The United States maintains the Fifteenth Infantry regiment of the 'army in Tientsin and a battalion of marines In Pelplng. Great Britain, France, Italy and Japan also have forces In the'area. •Right to maintain these troops "' arises' from the treaties niade with TVTEW YORK, Jan: 4.—In Its theory 1~ that the machine age has increased mankind's productive power beyond humanity's capacity to absorb the flow of manufactured products, technocracy presents no new suggestion. Practically every economist agrees with that. But in its theory that this new age has smashed the "price system"—the system by which the now of goods, wealth and the material requisites lor life Is regulated—technocracy has presented a thought that Is widely at- attacked by students of economics. The technocrats say that the price system, which Is the yardstick by which work and production are measured, may have been fitted for pabt ages, but that It Is antiquated, broken down, and useless as a measure today. In their attacks on tho price system. the technocrats point out that not even the followers of Karl Marx, the Socialist, or the Communists have advocated doing away monetary standards. entirely wltn Technocracy would wipe them out and measure labor and production by some unit of energy—the erg and the Joule., or perhaps the calorie. How mankind Is going to live on erg's, or transport ergs, or eat ergs, the technocrats do not say. But the theory is this: All forms of energy can be measured in ergs. A dollar may bo worth, in buying power, so much today and more or less tomorrow. A unit of work, or heat, or energy, never changes. On the other hand, they argue, the dollar Is an arbitrary unit that has no relation to "the physical operation" of our continent. Furthermore, the price system operates so all wealth is produced only by the creation of debt, and a man is wealthy when he Is a vast creditor. In other words, the wealthy man owns stocks, bonds, public and private obligations, and currency—which Is a debt of the government Itself. These debts, the technocrats observe, must be paid-by the process of Increasing the quality of goods sold, by trade expansion, by Increased production, and, In a vicious circle, by Increasing machinery to step up further production. But tho very machines throw men out of work, decreasing mankind's power of consumption—and there you are, whero you started from, with the wealthy man still piling up what he thinks Is property, but what Is actually nothing but other people's debts to htm. The technocrats cite- tho puzzling case of Henry Ford, whose family, they say, made profits of $44,000,000 In one year. These millions represented the "debts" of the country to them. But there was only one thing'they could do with these millions. They couldn't eat or wear them. So they reinvested them In further production. Humanity, therefore, under this theory, Is doing nothing but running around In circles; each time humanity runs around the circle gets bigger. The circle will soon get so big It will explode, and "20,000,000 Americans will be out of work"—If the theories hold, and If somebody doesn't "do something about It." When you ask what they propose to do, they shrug their shoulders. too well, and we sold her down the river, or down Tin Pan alley, for about five thousand dollars. Prom that time on 'Adeline' went like a house afire." She was, one concluded, a good girl who "done" her writers ''wrong. Husch, however, believes 1933 will reward ballad writers. "I have 40 ballads In the making, hfi said enthusiastically, "and I think ballads are coming back. MO HEARD AT Cotton Futures (Associated Prett Leateil Wire) NEW YORK, Jan. 4.—The little southern selling In evidence In cotton was firm today on trade buying which appeared to be coming partly from abroad and covering promoted by tho stronger stock and grain markets. After selling up to 6.14 for March, or about 16 points net higher, prices reacted slightly under realizing but the mldafternoon market was quiet and steady. Active positions ruled 13 to 16 points net higher. The market advanced further late In the day on active covering and strength In the stock market. Futures closed firm, 18-25 higher; January, Only Two Losses Recorded Against Two Losses; TAG Steady (Associated Press Leased Wire) SAN FRANCISCO, Jan. 4.—New year optimism showed a yeast-llko lifting power In stock prices hero today. The result was 14 gains to 3 losses on the stock exchange by noon, while the curb showed 8 gains and 1 loss. Transamerlca was In tho steady group at BVt. California Packing mado a gain of 1% at BK. United Aircraft added 1 and Los Angeles Gas 6s 1U. There was a sizable list of utilities up fractions and several industrials made small gains. The losses wtre small ones, Fireman's Fund settling U and Pacific Gas common H. , Several Southern California Edison stocks, headed by the common, gained fractions on tho curb, Southern California Gas, Occidental Peto, Halo Pete preferred and Idaho mines also adding fractions, American Tol- (United Prcit Lotted Wire) NEW YORK.—The new year will see the beginning of an upward trend In business, B. F. Rentschler, president of the United Aircraft and Transport Company, said, CLEVELAND.—Tho stool Industry embarks on tho first quarter confident that It Is on the threshold of n, period of moderate recovery, according to the magazine "Steel." CINCINNATI.—A large Increase In sales over tho previous week's business was reported for stores of tho Kroger Grocery and Baking Company, according to Albert H, Morrlll, presl- 1N.Y. MARKET Many Leading Issues Stage dent, 1931. who said business also topped Rises' of From $1 ; $5 Per Share to ephone was up Goldman Sachs 6.12, nominal; March, 0.210)6.23; May, ., , .. 8.85; July, 6.47IJJ6.48; October. 6.67; December, 6.79, nomina quiet; middling 6.30. * 6,68© spot Declares Victory of Nov. 8 Not Party One; Asserts Democrats on Trial (Continued From Page One) NEW ORLEANS COTTON NEW ORLEANS, Jan. 4. (A. P.)— Spot cotton closed steady, 26 points up. Sales, 6656; middling, 6.20. COTTONSEED OIL BALI/AS, Jan. 4. (U. P.— Crude cottonseed oil, 2%®2%c. BAR SILVER NEW YORK. Jan. 4. (A. P.)— Bar sliver % higher at 24%. failed by 10 cents to recover from an early dtp. YOUNGSTOWN, Ohio.—Steel operations In this district started the week at 16 to 17 per cent of capacity, against last week's average of 14 per cent. S. F. Stocks perfecting an economic system which defied the shining promises of tho Declaration of Independence at every point. "To the correction of these evils, Mr. Roosevelt and tho Democratic party stand committed. "Our Job is to end the evil and unbearable conditions that force unhappy millions Into the bread line, while warehouses burst with supplies and that doom strong, willing men to Idleness and cespalr," he said. Offers Remedies The remedies, Mr. • McAdoo said, DEFAULTERS OF DEBT (Continued From Page One) technocrats, then, E. J. Faucett, L. A. Banker, Kills Self (United Press Leased Wire) ' LOS ANGELES, Jan. 4.—Ernest J. Faucett, 46, vice-president of the Hill street branch of the Citizens' National Trust and Savings Bank, was found dead today In his bedroom, asphyxiated by illuminating gas. After reading three notes found beside the body, police said Faucett had committed suicide. Officials of the bank said Faucett had been in poor health for several years. China by the western powers after the Boxer rebellion. just Gigantic Snowslide in IdahoKills Three (Associated Press Leased Wire) WALLACE, Idaho, Jan. 4. — Three persons were killed and four houses demolished by a huge snow slide which roared down Mammoth canyon, near here, today. E. J. Powell and his 6-year-old son, Glenn, were crushed under tons of snow. Ice and rocks as they approached the family automobile in which Mrs. Powell'sat. She, too, was crushed. Lloyd Swtnnerton, a resident of the district, was caught by'the slide, but escaped uninjured. . Af(er the long siege of the Pelptng legations at that timer the powers decided they could not maintain envoys in Pelplng unless their safety was assured. They demanded and got the right to station troops in Polplng and along the railroad from the city to the seaport of Chlnwang.tao, only u few miles from Shanhalkwan. In time.s of emergency, tho powers have tho right to operate trains over the. line to evacuate their nationals. During the Boxer rebellion, British troops took control of tho line and ran it. Center on Railroad Japanese military .operations are centering on this very railroad. If "these observers who think that the Japanese troops will advance to Pel- plng are correct, the line of march will probably be along the road-bed. if the Japanese should attempt to Interfere with the progress of trains carrying foreigners out of Petptng, a very serious situation might result. , V Another point of danger Is foreseen by observers. Japan, along with the other powers, maintains troops In the legation quarter of Pelplng. If that city should be Invaded and the Japanese troops stationed In the diplomatic quarter should attempt, to join other Japanese troops In attacking the Chinese, the Chinese might press them .back Into the legation quarter and . ; provoke a general melee. . These possibilities exist— and American-' officials do not minimize ' their Importance. Nevertheless, as when tho Japanese . last February attacked . SHft.nirhB.1, where foreign troopn are ntatloh«cli every effort will be made by Sen. Borah Accuses Hoover as to Debts (Associated Press Leased Wire) WASHINGTON, Jan. 4,—Chairman Borah of the Senate Foreign Relations Committee told the Senate today ha had no doubt Franco had reason to believe If It settled reparations the United States would revise the war debts, and asserted President Hoover had asked congressional leaders for authority to promise debt revision before his conference with Premier Laval, Borah said he was not defending the French default. He added: "I have no hesitancy In Faying publicly that I haven't any doubt France had' Indications that when she settlec reparations she would get on ad'just- ment of States, debts from the United American military and agents to avoid friction. diplomatic 25 Persons Jailed for Pasadena Riots PASADENA, Jan. 4.—Jail sentences ranging upward to 30 days were served today by 26 persons arrestec as ring leaders of a mob of 600 who battled police during the Southern Callfornla-Pittsburg football game a Rose Bowl. 'COALINGA PIONEER DIES COAUNGA, Jan. 4. (A. P.)—M. Levy, 96, veteran of the Confederate army and pioneer merchant and cuttlo- mHn ( of tho Sun Joaquln valley, djed today., ,'•'.' GOV. ROLPH REGIME (Continued From Page One) "stand clear." fered were: Some of those he of- Assured prices for staple* products exceeding cost of production. Measures to lower .Interest- and amortization terms of farm mortgages. Revision "of our Qrundylzed tariff" and reciprocal agreements to provide outlets for this country's exportable surpluses yet preserving the home market. Reorganization of the' banking structure to end bank failures. Execute the Democratic pledge to reduce governmental expenditures 26 per cent. "Protect investors from the criminal operations of frenzied financiers." and high schools from $60 to $30 per average dally attendance. Higher Utilities Tax Increased taxation of public utilities, on 41 par with assessments on private property Is provided In a Con- itltutlonal amendment Introduced by Senator. Inman. The measure Is based on a report of the state tax research bureau and would net the state an estimated Increase in revenue from gross receipts taxes totaling $6,000,000 annually. The Senate passed a concurrent resolution introduced by Senator Roy Fellorn, San Francisco, which ratifies the San Francisco charter amendments passed at a recent election. Create New Office Establishment of the office of county public receiver Is provided In a measure Introduced by Assemblyman W. Lyon, Los Angeles. "As a new county officer the receiver would protect the assets of bankrupt business enterprises and at the same time reduce the cost of county government," Lyon said. "Pees now paid to Individual receivers would go to the county and under official supervision receiverships would be operated without exorbitant costs." Reduce School Age A measure to reduce the compulsory school age of children from 18 to 16 years was Introduced by Assemblyman Sam M. Greene, Inglewood. . Greene also introduced a measure providing that u candidate for office may sook election on but one party ticket. Two bills seeking to ease the delln- nuent tax burden wore Introduced by Senator Cho.rles II. Deuol, Chlco. The first measure, applying to general property, would remove all delinquent tax penalties except the first one of 10 per cent, and set a maximum Interest of 8 per cent annually on delinquencies. Under the present law, Deuel said, penalties over a five- year period will virtually double the original tax. The second proposal would apply only to delinquent Irrigation district taxes, reducing the first and second penalties from 10 to 6 per cent, and reducing the Interest on delinquencies from 18 to 8 per cent annually. — *»» FINANCIER KILLS SELF LOS ANGELES, Jan. 4. (U. P.)— Financial worries wer,e blamed today for the suicide of James E. Patrick, 68, president of the Investors Security Company, who shot himself at his home in Altadena last night after turning on a gas jet. — t —' • . » DENY DEBT.MISSION REPORT LONDON, Jan. 4. (A. P.)—Reports In a newspaper today that Great Britain plans to /"end u war debts mission to the Utrited States noon wero denied In authoritative quarters. ' L. A. Doctor Falls 10 Stories; Killed (Associated Press Leased Wire) LOS ANGELES, Jan. 4.—Doctor Elmer Jones, optometrist and supervisor of the refractory laboratory of physics- optics at the University of Southern California; died today In a 10-story plunge from his office in tho downtown business section here. HELD AS KILLER Terming himself "conceived of God," Paul Oakley, 20, Is held In the ' "divine healing murder" of three-yaar.old Bernlee Clayton at . Linden, Ttxaa. The child's father and Oakley's brother alto are held. They are aoouted of having caused the child's death during "healing" rites In which they sought to "drive the devils" out of tho child, an Infantile paraly»U victim. themselves to. do 'their duty and buy government bonds." Quotes Bowers "Claude E. Bowers, tho historian," Johnson told the Senate, "has characterized the Insistent, persistent, Irascible, Irreconcilable", denunciatory class who with their press are blund- geontng the United States Into cancel - atton as 'the American Foreign Legion.' "The Senate's policy since December 1 has been hush, hush, hush — must'nt talk," Johnson continued, referring to the Incl^^i t when administration wishes prevailed in postponing general debt debate 'after the -French default John«on said that the United States had advanced more than $3,000,000,000 to European countries for rehabilitation after the armistice and that' "most of the nations which have signed fund- Ing agreements haven't agreed to pay even a part of those post- armlstlc rehabilitation loans." "So long as we accepted their promissory notes we were tho most Idealistic nation on earth." ' Speech Attracts Interest Senators listened to Johnson with flattering attention. Moro than half the members were in the chamber to hear the Callfornlan. Johnson read a communication from Prealdent Wilson to Lloyd George, written In 1920, which atated that Congrtti had never delegated the power of canoelatlon or reduction of debts to any agency, "If that position has been altered, which I deny," he exclaimed, "It was altered without the authority of law. "That has been the position of the United States government since then, even though It might have been practically altered In 1931 and 1932." Rapacity Excoriated Johnson reviewed tho Versailles treaty negotiations and declared: "It's a glorious page In the history of our country that when we sat at the peace table when the central powers were dismembered, we asked no reward, no spoil or booty, and that some of the 'Ideals of tho war existed at the making of the peace. "Not so with some others. They carved and carved and when they took everything of value, we took nothing. ' "Great Britain got 1,000,000 square miles." Unemployment Is Index Johnson declared unemployment was the Index of prosperity, and not the "barometer of Wall street." "You have ominous signs In this land today," ho said. "Take care," Johnson shouted ..again, "our people are aeklng . moratorla for themielvee. They didn't know what It was a few yean ago. They understand fully now, I don't blame them. Their backs are bent under a burden of debt. I don't blame the common man for crying out against a government that gives a moratorium to Europe and gives him nothing. "Some day, some way, this common workman w4ll find a way to jump the hurdles of the constitution, or brouk them down and get for himself what his government gives to Europe." Johnson said he hoped that with the change pf administration "we will have In power those people who look at one thing only— the welfare of the people of America." - •» » • TO INSTALL OFFICERS TAFT, Jan. 4.— Installation of officers of Taft Klwanls Club for the new year will take place Thursday night at 7:30 o'clock In tho Shamrock banquet rooms. There will be no regular meeting at the noon hour on that date. Lleutenant-Governor Oscar Brehlnr of Sanger will be the Installing officer. This will be ladles' night and a program will be given. (Associated Press Leased Wire) SAN FRANCISCO, Jan. 4.— Stock— Bid . Alaska Juneau Byron Jackson Calif. Packing Caterpillar Tractor... 6 Consd. Chem. "A". 12 Crown Zoll. prof. "A".... 7 Crown Zell, prof. "B" 7 Fireman's Fund Ins....... 43 Golden Stato W L. A. G. & E. pfd Magntn pfd Marchant com P, G. & E. com P. G. & E. 6% 1st pfd. P. G. & E. 5}4% 1st 'Pf' Pac. Light, com Pac. Light $8 dlv. pfd. Pacific Tel. & Tel. com. Pacific Tol. & Tol. pfd. Plg'n' WhiB pfd Richfield, Calif., pfd...... S.T L&P 7% pr. pfd 90 SJ L& P 6% pr. pfd. "A" Shell Union com Southern Pacific 16 S. P. Golden Gate "A".../ 4 Standard Oil, Calif 24 Tidewater Associated com 3 Tidewater Associated pfd. 42 Union Oil of Calif 10 Western Pipe 7 L. A. Stocks Wilson & Co. Net Profit Is $51,336 (Associated Press Leased Wire) CHICAGO, Jan. 4.— Wilson & Company, Inc., one of the world's largest packing companion, reported today a net profit of $51,336 for the year ended October 29. This compares with a not loss of $2,017,166 for tho year previous. Gross earnings were $2,662,069, against $1,203,125 for tho preceding year, an tmprovomont of $1,468,934 In operating results. - • i » Bank Debits 14 Cities Total $282,404,000 -~___w— » *" (Associated Press Leased Wire) SAN FRANCISCO, Jan. ,4.— Bank debits jn 14 leading California cities totaled $282,464,000 for tho week ended December 28. It was a five-day week, and compared with $372,017,000 In the preceding six-day week, and with $355,866,000 In tho llko week of 1931, which was a five-day period. Tho drop from last year was 20.6 per cent. TREASURY RECEIPTS WASHINGTON, Jan. 4. (A. P.)— Treasury receipts for December 30 were $4,400,346.04; expenditures $10,492,530.00; balance, $554,751,994.75. Custom duties for December were $19,929,207.69. ^ 4 i » Los Angeles Hay (Cniled Press Leased Wire) LOS ANGELES, Jan. 4.— Industrials Stock— Bid Byron ' Jackson..; 1 Claude Neon Elec 6 Douglas Aircraft 11 Vi Emsco Derrick com 3 Globe G. & M. com 6 Goodyear T. & R. pfd 30 Taylor Milling 4 Van de Kamp 6 Western Pipe 7 Banks Citizens Nat. Bank 36 Sec. First Nat. Bank 42% Miscellaneous L. A. Invest. Co. Ask. 2 7 11J4 974 10 37 V4 5 43 5* 27 6% 95 80% 24% 39V4 . at 2 Pacific Finance Co 5% Pac. Mutual Life 25% Transamerlca 5% Western Air Express.. 13% Public Utilities L. A. G. & El. pfd 93 P. G. & E. com 30% P. G. & E. 1st pfd 24V4 Pac. Lighting com 38V4 S. Joa. L. & P. 0% pfd... 82 So. Calif. Edison com... So. Calif. Edison 7% pM. So. Calif. Edison 6% pfd. So. Calif. Edison 6%% pfd So. Calif. Gas 6% pfd... Southern Pacific Oils ' Barnsdall 3 Bolsa Chlca Pacific Western Republic Peto Richfield Oil Richfield Oil pfd Standard Oil of Calif 24 Union Oil of Calif 10 CHICAGO GRAIN CHICAGO, Jan. 4. (A. P.)—Broadening of speculative Interest both In wheat and corn helped to lift all grain markets strongly, today. More attention was paid to continued drought reports from the southwest. Wheat closed firm, Hi to l%c above yesterday's finish, corn %©%c up, oats %c advanced and provisions ~' to 20c gain. CHICAGO, Jan. 4. (A. P.)—Wheat, no sales; new corn, No. 4 mixed, 2194C; No. 2 yellow (new and old), 24V*c; No. 3 yellow, 22%i8>23Vic; No. 3 white, 22%©23V4c; old corn, No, 2 yellow, 25c; oats, No. 2 white, 18V4<3> 16%c; No. 3 white, 16c; rye, no sales; barley, 24@36c. LOS ANGELES LIVESTOCK LOS ANGELES, Jan. 4. (A. P.)— Hogs—Receipts 50; very plain light lights $3.00; good grain fed quoted around $3.76. Cattle—Receipts 500, holdovers 551; steers slow, steady to weak, she stock steady; common to good steers $3.00® 4.80; medium to good heifers $4.00i/i 5,75; common to good cows $2,85© 3.50, few up to $3.7B; cutter grades $1.60®2.76; bulls $3.50 down. Calves—Receipts 100; steady; good Arlzonas $5,25. Sheep—Receipts none; medium to choice lambs quoted $4.75®6.75. GOVERNMENT BONDS NEW YORK, Jan. 4. (A. P.)—Liberty bonds closed today: Liberty SVfcs, 32-47, 102.17. Liberty first 4 Vis, 32-47, 102.22. Liberty fourth 4KB, 33-38, 103.26. Treasuries: Treasury 4V4s. 47-52, 110.8. •Treasury 4s, 44-64, 107. Treasury 4s. rcg., 44-54, 106.27. Treasury 3%s, 46-50,'105.4. Treasury 3%s, 40-43, June, ,102.15. Treasury 3%s, 43-47, 102.12. Treasury 3%s, 41-43, March, 102.14. Treasury 3%s, 46-49, 100.2. Treasury 3s, 51-65, 98.18. FOREIGN EXCHANGE NEW YORK, Jan. 4. (A. P.)—Foreign exchange steady; Great Britain In dollars, others In cents; Great Britain, demand 3.33%; cableB, 8.83%; 60-day bills, 3.32>/i. France, demand, 3,90 5-16; cables, 3.90%; Italy, demand, 6.11%; cables, 5.12H. Demands: Belgium, 18.84V4; Germany, 23.79; Holland, 40.18; Toklo, Shanghai, 27.50; Montreal, (Associated Press Leased Wire) LOS ANGELES, Jan. 4.—Hay per ton, f. o. b. Los Angeles: Choice barley, $13.00©14.00. Cholco oat, $14.00(0)16.00. Alfalfa, delivered Hynes or El Monto; U. S. No. 1, $13.60®14.GO. U. 8.' No. 2 leafy, $12.60®13.60. U. S. No. 2, $12.00(8)12.60. Citrus Market (Annotated Press Lapsed Wire) LOS ANGELES, Jan. 4.—ISurly reports from eastern and middle western auction centers today gave the following price range per box; Oranges Graded above LATE BULLETIN NEW YORK, Jan. 4. (A. P.)— The atoek market ferged ahead vigorously In Its second session of 1933 today, scoring some of the beit gains In weeks. Trading was In light volume until the last hour, but several prominent Issues advanced H to $5 a share. (Associated Press Leased Wire) . NEW YORK, Jan. 4.—Stocks turned almost buoyant'today. Trading was In relatively small volume, but many prominent Issues rps* from 1 to more than 3 points. Such Issues as American Telephone, Allied Chemical, Union Pacific and Auburn scored gains of around 3 points, while shares advancing 1 to more than 2 Included American Can, du Pont, American Tobacco B, U. S. Steel, Bethlehem, United Aircraft, Loew's, New York Central, Santa Fe, Case, International Harvester, Corn Products, and others. Among low priced Issues, Paramount was taken In some volume, up a fraction. Oils Improved slightly, but coppers lagged. New York Close (United Press Leased Wire) NEW YORK, Jan. 4.— Railroads' ,; Stock— Close Atuhlsoit, Topeka &. S. F '. 42J4 Baltimore & Ohio 9%' Chesapeake & Ohio '.. 27% Erie Railroad. 5 Illinois Central 124 Missouri Pacific 3$ New York Central 18} Northern Pacific 1'onnsylvunla 16V Southern Pacific t 17», Union Pacific 73 Great Northern pfd 8% Industrials American Can 87% American Tel. & Tol 107T4 • Bordon 26 Caterpillar Tractor 7^4 Cities Service' 2»J Columbia Gas 16T» Consolidated Gas 61 Corn Products 64% Curtlss-Wrlght Aero 2% Famous Players 2H Fox Films "A" 2 General Electric 16<A Goncrnl Foods 2641 Gold Dust 15% Goodyear Tiro & Rubber 16*i International Harvester 22% International Tel. & Tel VA Montgomery Ward 13% North American 30 Pacific Gas & Electric 31 Radio Corporation 6% Safeway Stores... 41%' Sears, Roebuck Co 20Mi U. 8. Rubber 6 > Union Carbide & Carbon 27 United Aircraft 27H 2'A • Choice New York $2.0(1"- ' Boston 2.30 Philadelphia .... 2.70 Plttsburg 1.05 Cleveland 2.80 8t. Louis 2.20 Baltimore Cincinnati 2.05@2.65 Detroit 2.10@2,90 Lemons Graded above Choice New York $0.75®7.25 Boston 7.30<OJ7.60 Choice $1.50(3)1.76 Philadelphia Plttsburg ... Cleveland .. St. Louis.... Baltimore .. Cincinnati .. Detroit 5.50(06.35 6.40 .... 0.85<8>7.30 4.65(05.05 6.'55 '.'.'.'. 6.45 .... 2.15 2.10 Cholco $6.60©6.80 5.95®O.SO 5.60 5.75 0.00 6.05 HELD AS FUGITIVE SAN JOSE, Jan. 4. (U. P.)— Charles Searing, 27, sum to be a fugitive from a Georgia chain gang and wanted by Los Angeles police for passing bad checks, was held hare 'today after his arrest by Truffle Officer William Snow, zu.iiYft snanttnni, si.ou, Aiuniruai, 88,60$; Mexico City (silver peso), 32. METALS MARKET ' NEW YORK, Jan. 4. (A. P.)—Copper dull; electrolytic spot 5; futuro D'/4. Tin easy; ppot and nearby 21.76; future 21,90.,, Tron quiet, unchanged. Lead steady;• spot NPW York 00; Uaat St. Louis 2.87, Zinc dull; Bunt St. Loulx *pot' and future 3.12. Antimony 6.40. LOS ANGELES PRODUCE MARKET LOS ANGELES, Jan. 4. (U. P.)— Most vegetables wore In light supply on this morning's market and met moderate trading demand at prices generally unchanged from yesterday. Most lines of fruits were also steady. Artichokes, central coast, slightly frosted, $3.00Q>3.'i5: fair quality, $2,75 @3.00; small frosted, $1.50 box. Avocados, Fuertes, 16«0>18c! pound, few 20c; Pueblas, 15(g)16c, few I7c. Mexican Kentucky Wonder beans, 18c pound; green pods, lie. Central coast Brussels sprouts, 6@8c pound. Local cabbage, 40@60o crate, few 60c. Local Snowball cauliflower, 86c@$l field crate; pearl type, 65(3>75c. Venice celery. 85®80c half crate; Hawthorne, $1.00@1.15. Cucumbers, storage, Imperial valley. $1.00(Q>1.26 lug. Local hothouse, $1!00 (ftl.50. Best Bakersfleld, boxes two dozen, $1.75@2.00. imperial valley grapefruit, $1.26® 1.36 box on unwrapped market pack,, 04s to 100s. Lettuce, Imperial valley dry pack 4s, $1.16@1.25 crate; five dozens, $1.00® 1.16; Carplnterlu, 4s, 604l>66c; local loose pack, 20@30c. Peas, Orange county, fair quality, 5fii8c, few 7c; poor, 3Uc: Carplntorla. 6V&<%7c; San Diego, 6®8c; Imperial valley, hampers. $3.00^2.25. Local white Rose potatoes, 50®50o lug; Baknrsfleld, 856'75c; San Dlago county, 85®00c. Squash, San Dleero rounty Italian, $1.25tJ>l.liO; white, summer, $2.00<8>2.25; Imperial valley tohllo summer, four- basket cratoK, $2.25. Sweet potatoes, Jerf"-y, 40iiJ>50o Ins; Halls, fiO©60c, fow Kir; Bakersfleld, Nancy Hulls, 75«<>80c; San Bernardino, fnlr quality, 35(fj34!ic; Merced and Turlock Jerseys, 40®60c lug; New Mex- liio, bushel baskets of Nancy Halls, $l.GO<iiU.OG. Local and Imperial valley tangerines ranged from 3®3Vic per pound. SAN FRANCISCO LIVESTOCK SOUTH SAN FRANCISCO, Jan. 4. (A. P.)—Hogs—Receipts 450; active, fully steady; spots sharply higher; 192- pound California butchers, $3.90; sows, $2.50. Cattle—Receipts 525; moderately active; killing classes mostly steady, medium and good »85 to 1023-pound fed California steers, $4.60JN.85; medium to low good 1110-pound fed Utahs, $4.25; 883-pound helferlsh cows, $3.60; medium to low good cows, $3; calves, none. Sheep—Receipts -150; active, lambs fully steady; low food 75 to 77-pound fed wooled California*, $r>.25 straight; medium 90-pound owes, $1.60. SUGAR FUTURES NI3W YORK, Jan. I. (A. P.)—Sugar futures closed firm, !!<S | 4 higher; wiles, 13,350 IOIIH. January, 71 bid; March, 70 bid; May, 81 bid: July, SO; September, 89 bid; December, 'J3c. Warner Brothers.,. Western Union...'. 1 29$ WostliiBhouse Electric 29V Wool worth Stores ^SOVi J. C. Penney 26% Trunsamerlca '..... 0 First National Stores 54V& Metals American Smelting 13 Vi Anaconda Copper 8ft Kethlehem Steel.... 16 Inspiration Copper 2V4 International Nickel 8V Konnocott Copper. U. 8. Steel 29* Vanadium Stool. Republic Steel Tobacco and Sugara American Sugar American Tobacco "A" American Tobacco "B" R. J. Reynolds "B" United Cigars. Oils Mexican Seaboard 20V Phillips Pete. 6'/ Shell Union 6V Sinclair 5) Standard Oil of Calif 25 Standard Oil of N. J 31 Standard OH/ of N. Y 7? Texas' Company Tidewater Ass'n new , Mctors Auburn .; Chrysler General Motors Hudson 5 Packard Motors 2} Studcbaker 4t Tlrnken Roller Bearing 15V Equipments American Car Foundry ..7 American Locomotive ' 6} Baldwin Locomotive 5} General Tank 17" Stewart Warner 39 L. A. BUTTER, EGGS, POULTRY LOS ANGELES. Jan. 4. (A. P.)— Butter Prime, 23c. Prime firsts, 22c. Standards. 20c. Firsts, 20c. Eggs Large — Clean extras, 31c: light dirty extras, 30c; clean standards, 30c; light dirty standards, 29c; checks, 29c. Medium — Clean extras. 30c; light dirty extras, 29Hc; clean standards, 28Hc; light dirty standards, 28pi checks, 27<\ Small— Clean, 26c; light dirty, 25o. Poultry and Rabbits Hens, Leghorns, 2Vi to 3<4 Ibs., 12o. Hens, Leghorns, 3V4 to 4 Ibs., 13c. Hens, Leghorns, 4 Ibs. ami up, ISO, * Hens, colored, 3U to 4 Ib.s., 16c. Hens, colored, 4 Ibs. and up, 17o. Broilers,' 1 and up to 2>4 Ibs., 13o. Broilers, 1M, to 2M Ibs., 13c. Fryers, Leghorns, 2 VI to 3 Ibs,, 14c. Fryers, colored, ~Vt to 3H Ibs., 16c. RoaKteru, soft bone, 3V& Ibs. up, 16o. Stags, 13c; old roosters, 80. Ducklings, I'nkln, 4 Ibs. ,and up, Ho. Other than Pekln, 4 IbB. and up, lOc. . Olil duclcB, lOc. Geese, 12c. Young torn turkeys, 13 Ibs. up, 13c. Young torn*, dressed, 12 !un. up, 16c." Hen turkeys, 9 IbH. and up, 13c. Hen turkeyp, drussed, 8 Ibs. up. 16o. Old torn turkeys, 12c; dressed, ISc. KquuliH, tinder 11 Ibs. Uoaen, ]5c. Squabs, 11 Ibs. dozen and up, 20c. Capons, live, under 7 Ibs.,. 30c. Capons, live, 7 Ibs. and up, 22c. Capons, dressed, under 6 Ibs., 26c. CapoiiH, dressed, G Ibs. and up, 26c. RabbltM, No. 1 white, S to 4 Ibs., Oc. Rabbits, No. 2 white. 3 to 4 Ibs.. 6c. . No. 1. mixed colors, 3 to 4 Ibs., Do. Rabbits, No. 1, old, 6c. CHICAGO LIVESTOCK CHICAGO, Jan. 4. (A. P.)— Hogs— Receipts L'l.OOU; active, 10-160 higher; top $3.30 fur choico 180-220 pounds;. good to chnk-e 140-180 pounds, $3.15® 3.25; KOWH $2 20(8)2.40. Caul* — llecolptH SOOO; largely steer and yearling run; several loads medium to (,'ood weighty steers $3.7£>(}r 4. DO, light lielfer and mixed yearlings active; top light yearlings $6.00; veai- ers steady to weak, strictly choice $0.00; bulk $3.50®5.00. Sheen — Receipts 11,000; fat lambs very slow, weak to 16c lower; fat sheep and feeding lambs slow, steady; oild IO(H fut ewes J1.754J3.25; bulk choice reeding lambs around $5.00, ,• COFFEE MARKET NEW YORK, Jan. 4. (U. P.)— Colfoo: Rio 7s oil spot, tj&c; Slilitou 43, ' t i i * ' V i /A i «>''*.'f-,>''.x-' < j iS- ''.V

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