The Bakersfield Californian from Bakersfield, California on February 2, 1933 · Page 15
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The Bakersfield Californian from Bakersfield, California · Page 15

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Thursday, February 2, 1933
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. !• h Vt. " : i - '- I •. I -.'. • -L' t . --T I't * I '* t V » <V 'V • ; r -. --*•;• ^v- ; '*" THE UAKEHSFIELD CAL1FOHNIAN, THURSDAY, FEBRUARY 2, 1933 _ _ __ __ _ _ A _ ± ^ _fe^_ d.^£^ _ & _ ^ _ ^ ^ •- ^ - - _J I _^_ ~ - I— ^mM _ _ __ * I ' * *>igy» •>%i T *7 I -I ' - : " if '•;•--• .•.™ , - - : -I-' J'*j1 - I- ' ,' -/T? i : •:1 15 r < j' .' H. - i ' IS OPENS UP \, Splendid Producer From Discovery Claim •*. i •' Jn Mojave District MOJAVE, Feb. 2.—One of the best prospects for the making of a real gold producer In tho Mojave mining district la now being opened up by its discoverer, George Holmes. The dts- cove'ry was mndo on tho surface, at grrtss .roots brt the Echo claim of tho OrkV Eagle fijroup of mines. The vein tttua ,far, bpened for a length of 11 feet 1 and a-' depth of eight feet, showa a true vein of three feet In width, w,lth both tho hanging and foot wall standing straight up. Further Advancement will decide the changing of operations to an old tunnel that will be run out to connect with the new Vein, giving Holmes, the lessee, tho extraction of values by sloping. The ore la similar to all of iho /Elephant Hill grade of free milling ore that runa approximately $25 Vto-the ton. Holmes haa been very auccessful in hie leases on Elephant Hill. Unafraid to spend money and time In purchasing material and equipment to mine in a practical way, ho "makes good" In" his work. His last purchase is a * Fairbanks-Morse portable compressor for the new find. The new find has caused a number of local prospectora to begin digging on the hillsides. Activities Center in J- now drilling jobs were started in Kern county last week, the only other one for the state was started at Kettleman Hills. For tho week which ended January 28, the new drilling projects foV Kern county were the Mllham Exploration Company Whttaker No. 8 on section 8, 28-, 28 in the gas field at Buttonwlllow, the Western aulf Oil Company No. 1 on tho Simpson community lease at Frultvale on section 21, 29-27, and the No. 6 project for Chanslor-Canfleld- Midway Oil Company on section 6, 28-29 at Hound Mountain. Associated Oil Company made a shutoff at Its Williamson No. I well on section 2, 26-20 at Ix>st Hills, the only Kern ahutoff for the week. s Three new deepening or . re'drllltng Jobe were credited to Kern during 1 the week. Honolulu jDIl Company began that type of work at its No. 13 on section 6, 82-24 In the Midway field, r S *.*. REACHED BY EMPIRES ^ (United Press Leased Wire) GENEVA, Feb. 2. — Provisional agreement between the Persian and „,. . A British governments for aettlement of anff Tup °J ^ragre in some of cancelatton of the valuable Anglo. ™ e 0 , lde , r LoaB An y*J* s basln flelds on Persian oil concession was reached to- thc cl °5 ln * **£ of the mon th was Today, members of the Persian, delega- S ? onsl 5 l0 . for thc 3ump from the tlon'told tho United Press. vlous day's low .mark. Kettleman ra- A draft plan of conciliation will be - corded a flow of G2 - 272 barrels', for JANUARY EN LOW OUTPUT FIGURES • Closing days of January found tho California crude petroleum output within reach of tho 440,000-barrel daily allowable, Umpire J. R. Pemberton reported today from his Los Angeles office. Tuesday, January 31, the flow for the state was 444,802 barrels, while Monday, January 30, saw an output of only 442,884 barrels, the lowest figure since June of last year. Los Angeles basis fields were charged with the greatest excess dgrlng those two days, while San Joaquin valley operators, with their wells pinched back to a mint* mum, assisted considerably In reducing the aggregate production for the state. * submitted to the Lengue of Nations council Thursday or Friday, the Persians snld. Persia's sudden cancelation of the concession held by the Anglo-Persian OH Company, of which the British government is the principal stockholder, threatened one of the most important fuel supplies in the worldwide system maintained by Britain. London contended the cancelatlon violated International law and issued an ultimatum to Persia threatening to submit tho* dispute to the Hague Court. Persia ignored the ultimatum on the grounds that tho British government could not Intervene in negotiations between tho government and private concern. Meanwhile Persia annealed to- the League of Nations, and tho dispute was put on tho agenda of the current council session. WESTERN GULF BUSY AT FRUITVALE SITE Western Gulf Oil Company is not casting time in the drilling of Its No. l well on the Simpson community lease, Bectlon 21, 29-27, at Frultvale. Tho well was spudded January 24 and has been drilled to wlU»tn a short distance of completion depth. It Is tho only active driller of the field, although on section 15, 29-27 tho Frult- valo Oil Company and tho Powell- Stockton Investment Company each have a.well which are in the process of completion. Cascado Oil Company, however, Is preparing to drill a well on section 23, 29-27, and Jms equipped rig with rotary. A. F. Roberts has rigged rotary for his Robeson No. 1 on section 23, 29-27. Tuesday as against an allowable of 66,000 barrels. Huntington Beach mado 20,715 barrels Tuesday against an allowable of 19,000 barrels. Long Beach flow was 63,848 barrels against Its allowable of 69,000, and Santa Fe Springs flow was 54,416 barrels against an allowable of 50,000 barrels. SOUTH AFRI STUDYING PETROLEUM TOPIC (Associated Press Leased Wire) WASHINGTON, Feb. 2.—The views of lessees and operators of government oil lands were obtained by Secretary Wilbur to aid In deciding whether royalties must be paid on the full amount produced or whether a deduction should be allowed for impurities. Operators contended that- from one to three per cent of off bought at the wells was lost due to salt watsr and dirt and that frequently there was a further loss In transportation to refineries. They contended It was unfair to pay royalties on th* full amount, The hearing was called after a number of protests against an Interior department ruling that royalties must be paid on full production. Previously a twj per cent deduction had been allowed for Impurities. The ruling- has been suspended pending a final decision by Wilbur, which will be made shortly. • * ON OF COURT PLACER AREAS tures with being 1 (Associated Press Leased Wire) LONDON, Feb. 2.—Tho gold rush fever registered new high tempera- In London's financial district renewed scones of excitement witnessed today outsldo the stook exchange as the boom In South African gold shares continued. Brokers were eagerly bidding- for .speculative favorites In the street a half hour before the exchange opened while later, Inside the house, dealers were almost swamped with orders. Prices fluctuated widely as waves of profit- taking met new supporting orders. The net results of early dealings showed rises for most leading shares. Old-timers said the present gold rush wa« unparalleled since tho boom of 1895. GOLEU CANYON, Feb. 2.—Decision of Superior Judge Allan B. Campbell Jn upholding claims of original claimants to properties In the Golor Canyon area has awakened activities that smack of the busy days of yesteryear. Prospectors are making a grand, rush for leases. Many of the settled leases arc showing new or additional signs of activity. Judge Campbell, in his decision, denied that C, V. Cole and several associates had rights in many of tho disputed placer gold properties. More than. 20 shafts, sunk to bedrock, will,show signs of activity now that the civil suit over ownership of the properties has been settled by the court, LORD WAVERTREE DIES LONDON, Feb. 2, <A. P.)—Lord Wavertree, one of England's roost popular sportsmen, died today. He was 77. RAILWAY PRESIDENT DIES 'ISW YORK, Feb. 2. (A. P.)— Charles Dnmoss EJmmons, president of the Hudson-Manhattan Railway PLANNED * RANDSBtmo, Feb. 2.—NAarotiatlona have boon started by A. G. Tlsenir, Jno,, Cttllfprnla operatlngr* unit of the International Mining mid Milling company of I^s Vegas, Nov., for Installation of Additional equipment and on- Iju-fement ot the present G-aUmp mill atvthe Kinp Solomon mines at ttands- burg, to bring production capacity to 75 to" 100 tone dally. Oil Agreements , Franklin O. Grimes et ux to Nep- .tunt.Devtlopment Company, Ltd,, and I*«w Suverkrop—Assignment of % of 1 per cent of alj gas, etc., produced from north half of northweat quarter ana -east half O f northeast quarter of section 32, 27-37. H. J.vBarneson ot ux to Bankllne Oil Company—Aeelgnmont of their interest In leattt cpvcrlnsr woutlnvost nuiirtor of nortlnvttHt quarter of north- OH (it fluurtur of aoctioii U, mpany, died today of a heart attack'. Ho waa 61 years old. Associated Oil Company at It's No* 44 on eedtlon 34, 31-23 in tho samo field, and the H. H. & F. Oil Company at Its No. 8 on section 8, 29-28 in the Kern River district Kern,, received three abandonments during the week period. Associated Oil Company, continuing Its policy of junking old wells, abandoned its No. 1 and No.' 2 wells on section 32, 12-23 at Sunset, and Standard Oil Company abandoned Its NOi 75 on section 35. 31-23.at Midway. 4 * ^^l^taH f STANDARD PLANS NEW DRILLER AT KETTLCMAN SAN FRANCISCO, Feb. 2.—Oil field operators reported to State Oil and OttJ Supervisor R, D. Bush during the week ending January 28 show four notices to drill new wells, filed, as compared with five during the previous week. Of tho four notices to drill filed this week, three were for wells In the fields of Kern county and one In the Kettleman North Dome field. Total new wells for this year is 17, as compared with 21 at tho same date last year. Tests of water shut-off this week numbered two, as compared with five during tho previous week. Total to date this year, 10; total to same date last year, 17. Deepening or redrilllnpr jobs this week numbered 15, as compared with 13 during the previous week. Total to date this year, 61; total to same date last year, 59. Abandonments this week numbered seven, ajs compared with 12 during tho previous week. Total to date this year, 27; total to same date last year, 21. FOUR OTHER PRODUCING JOBS FALL AT WAYSIDE Four of tho soven wells abandoned In California during tho week ended January 28 were in fields outside of Kern county. West Coast Drilling' Company abandoned its No. 7 on section 21, 2-15 at Playa del Roy, and In the same field, on tho same section, Joseph M. Devere abandoned his No. 1. George F. Getty, Inc., abandoned its S. B. No. 2 on section 3, 5-12 at Seal Beach, and Sovereign OH Company abandoned its TjCavons-Goodenough No. 1 on section 23, 4-19 at Piru. DEATH SUMMONS FRED1BONFILS Colorful Career of Wealthy Denver Published Ends at Age of 72 (Continued From.Page One) and take It to the banks. He -was reputed to have made a million. Stringent state and federal laws ended his lottery ventures and'Bon- fils went to the World Fair In Chicago, where he met Harry Tammen, head bartender of the Windsor hotel bar in Denver, who was in Chicago to sell mineral specimens. Tammen had a curio business In Denver which wan prospering, and ns a side lino Tammen published The Great Divide, a weekly newspaper, do- signed to appeal to farmers and miners. On October 28, 1895, Bonfils and Tammen bought tho Denver Post, a struggling evening paper competing with two dominant morning newspapers, from Charles J. Hughes, Jr., for 112,000. Buys Denver Post They devoted the publication to local news and started a crusade against lottery operators and forced Denver's policy games out of business. They crusaded by spectacular methods, using robust words and large type, although Bonflls had announced the paper would bo modeled editorially and typographically after tho Kansas City Star. Trouble with their lawyer, W. W. Anderson, resulted in the wounding of both Tammen and Bonflls in 1900. The altercation took place In Bonflls' private office, and Anderson claimed he acted In self-defense. BonfllH carried the bullet with him throughout his life. Anderson was acquitted at tho third trial. Varied Enterprises Tn addition to operating* the Post, Bonflls had varied other enterprises. He was In the coal business In Denver for the last 35 years. Ho and Tammen started a dog and pony show which later became the Sells-Floto Circus. He Is survived, by his widow and two daughters, Helen and May Bon- flls Berryman, two brothers, Charles and Thomas of Denver, and two sisters, Mrs. Etta B. Walker of Fort Humphries, Vn., and Mr*. Nell Barber of Los Angeles. Left $60,000,000 On January l, 1928, Bonfils announced that his fortune, which ho was reputed to have estimated at $60,000,000, would go to tho Frederick G. BonfllH Foundation for fhe Betterment of Mankind. Member of his family wore directors of tho foundation. BIG MINT BY ROOSEVELT Seven-Point Program Will Be Tried in Watershed of Tennessee (Continued From, Page One) parts of Kentucky, Alabama and Mississippi for many reasons, principally becauso of its wide range of physical conditions, life and climate. The area Involves 640,000 square miles. He believes tho proposition ot reforestation ' can bo started Immediately and with it work provided for 60,000 to 70,000 men in planting now trees, cutting and rehabilitating tho vest forest lands. / » Through the development of huge flood control basins, beginning at Cove Creek dam, he estimates the power to bo produced at Muscle Shoala can be increased to between two and three million horsepower. With this power Is to be Improved every farm home and barn and the great city Industrial units and homos within the valley—all under protection of tho government. As a result of tho flood control development, Mr. Roosevelt expects great stretches of rich bottom lands to be restored to tl)o use of farmers —land to replace tho eliminated and nonprofitable marginal acres. Would Employ 200,000 "Attacked from all anglei9, M 'h« said, "this whole proposal should give work eventually to about 200,000 men. We have been going at thene various factors In piecemeal way ever since the days of T. n. (Theodore Koosevelt) and Glfford Plnchot. Now Is thc time, I feel, to tie up all the various developments Into one great comprehensive plan within a given urea." He preferred not to involve the power Issue In tho first exposition of the project. Nor did he go into details about the future use of the nitrate plant at Muscle Shoals. He is looking, now at n vast, broad visionary scheme and ho wants to carry It Into effect as aoon as possible. . CONGRESS DISPLAYS KEENEST INTEREST WASHINQTON, Feb. 2. rA. P.)— The keenest Interest today character. Ized a detailed study by congressional leaders of Franklin D. Roosevelt's internal development scheme for national rehabilitation. Most withhold comment lintll Its scope would be thoroughly comprehended, but from some camo expressions of frank amazement at Its sweeping extent. What the experiment's reception will bo in the new Congress remains to be seen, but certainly Mr. Roosevelt will find numerous supporters at least for tho Individual projects ho has encompassed. Not only for the Tennessee valley but ror other sections of the country. The new president also will find that mnny surveys already are prepared and that It perhaps would not take government departments long to round out a complete report. Many surveys have been made by army engineers and other agencies of flood control work and of the power plants at Muscle Shoals. The power commission has much data on water power development. ' Reclamation studies have been made by the Interior and agriculture departments und the army engineers. Tho forestry service is-well up on projects of that kind. FARMERS IN MANY SMS (Oontinued From Page One) block the sales, either by persuasion, strategy or by force. Occupying a prominent position jn Iowa's tax sale opposition was Miles nono, national president of the Farmers' Holiday Association, the organization behind tho scenes in tho tax revolt. Meanwhile the forces of state administration hurried through the Legislature an emergency relief measure. Governor. Clyde L. Herring took personal command of both Houses to force through a measure providing for a state central conciliation committee, which will have final Jurisdiction in all mortgage Issues arising between farmers and mortgagors. SMEEMAN PARDONED JEFFERSON CITY, Mo.. Feb. 2. (U. P.)—Glenn Smeenmn, convicted automobile thief, was pardoned late this afternoon by Governor Guy B. Park. Labor Chief Sees Federal Control of Many Concerns (UnticA Press Leased Wire) NEW YORK, F«b. 2.—Matthew Woll, vice-president of the American Federation of Labor, told the Bond blub that unless there was an Immediate revival of Industry and a reversal of th« downward trend of wago and values, evan Socialists would be amazed by the number of private business the government would be forced to operate. "The unjust and un. economic distribution of the na. vtlonal Income Is a fundamental cause contributing to our economic ills," he eaid. .L - • FINANCIAL * (Associated Press Leased Wire) SAN FRANCISCO, Feb. 2,—Consolidated Chemical Industries, Inc., today reported net earnings of' $236,284 In 1032, equal to $1.52 per shoro on the company's class "A" stock. Net earnings in 1981 totaled $430,290, equal to $2.10 por share on tho "A" stock. This was tho third consecutive year that tho company moro than earned its regular $1.60 dividend on tho "A" stock. \ - I NEW YORK, Feb. 2.—Standard Statistics Company reports 2763 unfavorable dividend changes for the <year 1982, as compared with 2374 for 1931. Dividends decreased numbered 1251 last year against 977 in 1931, while 1517 payments wero omitted compared with 1879 omissions during the previous year. There woro 669 favorable changes against 1010 In tho earlier period. January's record was 13G unfavorable actions, 20 fewer than In December* DIVIDENDS (Associated Press Leased Wire) NEW YORK, Fob. 2.—Drug, Incorporated, today declared a quarterly dividend of 76 conts a share, thus placing tho stock on a $3 annual basis against $4 previously. Citrus Market (Associated Press Leased Wire) LOS ANGELES, Feb. 2.—Reports from eastern and middle-western auction centers today gave the following price rango per box: Oranges Grade Above Cholco New York $2.65<8>3.70 Boston 2.20@>2.70 Chicago 2.05@3.06 Philadelphia .... 2.70 St. Louis 2.60@2.95 Baltimore 3.20 Detroit 2.45(^2.90 Lemons Graded Above Choice Choice $2.30(3)2.40 2.00 1.70<3»2.35 3.00 2.25®2.40 2.50 2.20(3)2.46 New Tork Chicago 4.00(84.25 Philadelphia .... 3.3B©3.65 Pittsburg 3.50 .St. Louis 3.80 Detroit 4.10@4.15 Choice .J3.80@4.60 *3,40@3.G5 2.05 2.0G@)2.85 2.96 3.20 LOS ANGELES LIVESTOCK LOS ANGELES, Feb. 2. (A. P.)~ Hogs—Receipts nono; quotable top around $3.75. Cattlo—Receipts SOO; slow, around steady. Bulk medium to good stcera und yearlings, $4.50^4.80; plain steers, M.nnfifr4.25; common to medium cows, 12.75^3,10; cutter grades, |1.GO@2.60; bulls. $3.25 down. Calves—Receipts 50; steady; few yealers, $7.25 and above; light calves, $5.00. Sheep—Receipts 1000, all direct. Good to choice lambs quoted $5.25(Q>6. SAN FRANCISCO LIVESTOCK SOUTH SAN FRANCISCO, Feb. 2. (A. P.)—Hoes—Receipts 800. Slow, around 5c higher on 169-pound Call- fornlaa at'$3.85; few sowa, $2.75. Cattle—Receipts 450. Very slow; not established; generally asking Htronfir or around •54.60(5)4.75 < on bulk under 1050-pound steers. Sheep—Receipts 700; slow. Iambs steady, common to medium 70-pound wooled Nevada*. $5 straight; medium IH to 95 pounds, same origin, $4.75; Callfornlas hold around $5.85. METALS MARKET NEW YORK, Feb. 2. (A. P.)—Copper dull; electrolytic ftpot, fie; future, 5»,£c. Tin steadier; sopt nnd nearby, $23.50; future, $23.60. Iron .quiet, unchanged. Lead quiet; spot New York, $3; East St. Louis. $2.87. Zinc barely steady; East St. Louis spot and future, $2.82. Antimony, $5.90. Outlaw Killed and Brother Captured (United Press Leased Wire) SANTA ROSA, Calif.. Feb. 2.—A bandit was shot nnd killed and his brother captured today after a running gunfight with peace officers near Cloverdalo. The dead man was Loslie Hart, 20, who served four years In San Quentln for a LOB Angeles robbery. Tho Harts came from Ventura last year and had been living in a cabin near Cloverdale. They wero leaving tho place when they met the officers. PROF. STEDBIN6 DIES FRANCISCO, Feb. 2. (A. P.)— Horatio Ward Stebblns, associate pro- fOBHOr of mechanical engineering of Stanford University, died here today. Ho took a degree from the University of California in 1890 and from Massachusetts Institute of Technology in 1903, and had been on tho faculty at Stanford since Ipl4. FRESNO WIFE SUES MATE FRESNO, Feb. 2. (U. P.)—A divorce from Foy Frazler, Pacific Coast League baseball player, was sought in Superior Court hero today by Mrs. Mary S. Fraeler. She charged cruelty and asked custody of tholr minor child und $75 monthly alimony. TREASURY REPORT •WASHINGTON, Feb. 2. (A. P.)— Treasury receipts for January 31 were J3.9C9.D86.65; expenditures, $6,187,,220.87; balance, $327,482,802.87. Cua- toniw duties for January M'ere $18,801,585.24. ESJERN ISSUES RP SLUMP Most of Active Stocks Arc Included in Decline; Poor Earnings (Associated Press Leased Wire) • SAN FRANCISCO, Feb. 2.—Western shares declined in speedy fashion, compared with th"b late dullness of stocks, in midday trading today. After a fairly steady forenoon following a moderately Ibwer opening, a decline began about 11 a, m. that quickly cm- braced most of tho active stocks. Sentiment soured somewhat on poor earnings reports. United Aircraft wan one of tho weakest, losing 1% on a turnover of 1100 shares, to reach 23 U. Transamer- Ica's 2000-share turnover took It down only ft to 4%. Activity came into Standard Oil of California on tho down side but it was Stubborn and lost only U. Pacific Gas common behaved likewise. Southern Pacific, with 900 shares soiling, lost 1, Bank of California slipped 1%, Anglo Bank 1, Fireman's Fund %, and all told 18 stocks showed losses before noon. Nino were higher, all Baking small fractional gains except Crocker Bank, which jumped 10 points to sic. Most of the gains were by Industrial stocks, and this class also featured tho steady list. On the curb a late forenoon flurry of trading brought out the best volume by midday thus far this year. Again Industrials showed sotno gains—United States Steel nnd Coen A being up % each, and Idaho Mince lOc. Among tho steadies were Goldman Sachs, Anglo National Corporation, and Cities Service. American Telephone broke par for tho first time since November 3 and waH off 1% at 09%. Standard of New Jersey lost %, General Motors H. and Edison common and 6s lost small fractions. S. F. Stocks t t * * 1 9 41 * • * •Us (Associated Press Leaned Wire) SAN FRANCISCO. Feb. 2.- btock— Bid Alaska Juneau California Packing Caterpillar Tractor e«4 Consolidated Chemical "A" Crown Zoll. com Vtc, Crown 55ell. Freff. "A". Crown 55oll. Preff. "B" Fireman's Fund Leslie Cnllf. Salt 10 -» Marchant com it. North American....P. G. & K. com P. O. & K. C% 1st pfd 24% P. G. & 13. G%% 1st pfd... 22U J*ac. Lighting' com 36it Pnc. Pub. Serv. 1st pfd.... -3% Pacific T. & T\ com 78U Pacific T. & T. pfd 109 com com.,....,...,.... Rooa com '... .,".".*.*."» 2 Shell Union com 4U Southern Pacific 17T4 j- P.• G. G. "B" 2 Ai Standard Oil of Calif 2S& Tidewater coin 3 u Tidewater pfd 41 Union Oil of Calif 10 Western Pipe com 7 Asked 14% 28 24% 22% 37 109 10 6 3% 44 Cotton Futures (Associated Press Leased Wire) N13AV YORK, Fob. 2.—Further liquidation was absorbed by continued trade buying; and covering In the cot- V>n market today. After sellinff off to 6.88 early or 5 points net lower and about 68 points below last month's Ugh, May rallied to G.D2 with later JJ"ctuatlons narrow and irregular, i no mid-afternoon market was quiet and steady at net declines of 1 to 3 points. «ij.i W J9? K JL F ? bt 2.—Cotton futures closed steady 2 lower to l higher. h ' G0: Iay - c91 Jul fi -°« f o°- . , - -_ -.Igher n, 0.70; May, C.91j July, U.04; Oc« a A* 'a 6l2 . 2; December 0.37; January, 6.41. Spot quiet; middling 6.00. ^ NEW ORLEANS COTTON 'NEW ORLEANS. Fob. 2. (A. P.)— Spot cotton closed steady, 3 points down. Sales, 2602. Middling, 5.77. Los Angeles Hay per (Associated Press Leased Wire) LOS ANOBLES, Feb. 2.—Hay, ton, f. o. b. LOH Angelcu: Cholco burley, $12.60013.60. Choice oat, $13.50@14;fco. Alfalfa (delivered Hynea or HI Monto); U. S. No. 1, $12g)13. U. S. No. 2 leafy, 111,50^12.00. U. 3. No, 2, $11.00@11.50. CHICAGO LIVESTOCK CHICAGO. 3^eb. 2. (A. P.)—iloffS— Receipts, 22,000. Mostly lOc lower. Uood to choice 170-220 pounds. $3.40® J.50; top, $8.50; BOWS, $2.75<Q>2.90. Cattle—Receipts, 7000. General market fairly active. Fed steers nnd ycar- Hnjrs strong to 25c higher, up to $7.25 paid for strictly choice 1060-pound Longhorn yearlings; most weighty stfccrs. $4fii5; choice stoor calves, $6; cows, steady to weak; voalers, steady. aelooled around $7; /ow $7.60, mostly Sheep—RocelpU. 17,000. Cholco mo- alum weight lambs, strong to, shade higher, Hovcml loads 95.75 @'6; fat ewes, steady, 92.00@-2.75. BRIGHT SPOTS IN BUSINESS (United Press Leased Wire) NEW YORK. — Steel production forged ahead to 19 per cent of capacity this week, two points above last week, tho "Iron Age" reported. PHILADELPHIA. — Pennsylvania Water and Power Company reported for 1932 a net profit of '$2,122,106, compared With $2,058,141 In 103K NEW YORK.—Favorable business factors outweigh tho Influences tending to hold back a trade revival, the National City Bank reported ih its monthly business review. NI3W YORK,—Business failures in tho past week numbered 605. against 776 In the corresponding week of IMS, Bradstreet's reported. POTBAU, Okla.—sawmills In southeastern Oklahoma lumber camps are reopening. More than 100 men, idlo for tho past several months during the slump in tho Klamichl lumber trade, returned to work this week. L. A. Stocks * »— •« ^»^ '^ ^ •«** • • • Western IMpo (United Press Leased Wire) LOS ANGELES, Keb< 2.— Industrials Stock— Bid yron Jackson l Claude Neon Electric 6- 4 Douglas Aircraft loy» ISmsco Derrick com 3 Globe G. & M. com 6 Goodyear T. & n. pfd.... 2GI& Taylor Milling 4$ Van Do Knnm IMoo • Banks Citizens National Bank... 37 Sec. First Nat. Bank -12U Miscellaneous L. A. Investment Co 1 Pacific Finance Co 0 Pacific Mutual Life Tranuumerlca .. i»4. Western Air Express 14H Public Utilities L. A, G. & E. pfd 90 P. G. & E. com 28% P. O. & R 1st pfd 24ft Pacific Lighting com 3GVi S. J. L. &, P. 6% pfd 80 So. Calif. Edison com Krtlson 7% pfd., Edlaon 0% pfd.. Edison 5H% pfd Gas 6% pfd. Pacific Oils Barnsdall Bolsa Chlcu Pacific Western 3 Republic Petroleum l Richfield Oil Richfield Oil pfd,.. Standard Oil of California Union Oil of California... 10 l fc Asked 2 10 20% * * * * 41* 42H 27 -^ ™» T ^** w • m ^ V So. Calif. So. Calif. So. Calif. So. Calif. Southern * • * L. A. BUTTER. EQQ8, POULTRY LOS ANGKL13H. Fob. 2. (U. P.)— Butter Prlmo, 20c. Prime firsts, 19c. StandardH. 18c. Firsts, 17c. _ Clean extras, I7c; light dirty extras. 16c; cloim standards, iGc; light dirty standards. lOc; checks, I6o. ^Medium—Cleun extras? JDc; light dirty extras, IGe; clean standards, 14c; light dirty standards. Me; Checks, I4c. Small—Clean, 14c; light dirty, 14c. Poultry and Rabbits ITons. Leghorns, 2»i to 3U ibs., ]Sc. Hens, Leghorns. 3U to 4 Ibn.. 14c. Hens, Leghorns, 4 Ibs. find .up, 14c. Hens, colored, 3U to 4 Ibs., I6o. Hens, colored, 4 Ibs, and up. I7c. rollers, 1 to 1H Ibs., 13c. rollers, 1% to 2Vi Ibs.. 15c. 14c. 17c. IU eh . Fryers, Leghorns, 2»i to 3 Ibs. Fryora, colored, 2U to 3^ Ibs., Roan tent, soft bono, »M- Jbs. up, 17c. Stags, 13c; old roosters, 8c. Ducklings, Pekin, 4 Ibs. and up, lie. Other fhan Pekin, 4 Ibs. up. lOc. Old dueled, lOc. Gce.so, J2e. Jouiiff torn turkeys, 13 ibs. up, 13c. \oung toms. dressed, 12 Ibs. up, IGc. Wen turkeys, 3 Ibs. and up, 13c. Hen turkeys, dressed, 8 Ibs. up, lOo. Old torn turkeys, 12c; dressed. IGc. Squabs, under 11 Ibs. per dozen, 16c. 11 Jbfl. dozen and up, 2Qc. live, under 7 Ibs., 18c. live, 7 Ibs. and up, 20c. (Ironed, under 6 Ibs,, 23c. dressed,»6 Ibs. and tip, 23c. No. 1 white, 3 to 4 Ibs., 9c. No. 2 white, 3 to 4 Ixed colors. 3 to 4 Rabbits, No. 1, old, Cc. ' "^ ^H •• M •* • '• Squabs, Capons, Capons, Capons, Capons, Rabbits, Rnbbltn, Ibs., Cc. 6c. Indica- CHICAGO GRAIN CHICAGO. Fob. 2. (A. P.) tions. of liberal now export business in Canadian wheat, additional to yesterday's big total, helped to steady grain values today. Weakness of various securities at. Now York, how- over. onsetl tho wheat market Into. Winnipeg messages^ suid today's overseas buying of "wheat totaled moro than SpO.OOO bushels, and that the aggregate for 48 hours exceeded 3,000,000 bushels, Wheat closed easier, unchanged to Uc off, compared with yesterclay'H finish, corn unchanged to H$Uc down, oats showing 'dtfPKc decline And provisions unchanged. « CHICAGO. Feb. 2. (A. P.)— Wheat, no Hales. Now corn, No. 3 mixed, 23 a i We; No. 3 yellow, 2H^@24Hc; Xo. 3 white, 24®24Vic. Old corn, No. 2 mixed, 2Cc; No. 2 yellow*, 25*ic; Xo. 2 white, 25Uc. OntB, No. 2 white, 16% tfW^c; No, 3 white. 16tt®l6%c. Ryo, no sales. Barley, 25®36c. nfe L GOVERNMENT BONOS YORK. Feb. 2. (A. P.)— Liberty bonds Hold today; Liberty SV&s. 32-47, 103.17. Liberty 1st 4tt, 32-47, 102.16. Liberty 1st 4<4s, 32-47, 102.2R, Liberty 4th 4Vis, 33-38. 103.IG. Treasury 4 Vis, 47-52, 110.31. Treasury 4n, 44-54. 107.2. Treasury SMB. 40-50, 106.14. Treasury 8%s, 40-43. Juno, 102.36. Treasury 3%s. 43-47, 102.22. Treasury 3Hn, 41-43, March, 102.24. Treasury 31,**. 46-49, 100.1. TreaBiiry SB, 51-55. 08.25. BUCK ROGERS, 2433 A. D. Seize Phone System By PHIL NOWLAN and LT, DICK CALKINS WAD Ft ASH •me eeuis AUO POUS GOOD GlRU TUAt fuses ou* WORK tKSQ 60CX AUD WAD UO TAUW CENitRAU W4JUL TWAT 9PCAKIWG AMD ertv OP BACK own TMBM AMD AVA1LA3U- AtfKUlP CM?* AMO AM& i GOIMG BACK Artec COPYWIGMT OHN r. OILLE CO. MO U. ft. PAT. OFF ' KPKING TURN N. I Selling, However, Subsides and Slump Followed by Light Rallies LATE BULLETIN NEW YORK, Feb. 2. (A. P.)— The stock market continued te slide today, continuing the de* ollne of the previous session. Sev. era! leading Issues lost 1 to * points and the day's lowest prices were reached In the last hour. The closing tone was heavy. Transfers approximated 1,200,000 shares. (Associated Press Leased Wire) NEW YORK, Feb. 2.—A further backwash of selling today followed yesterday's wave of liquidation In th« stock market, but pressure subsided after the first hour. By oarly afternoon, tho list was Inclined to recover a little In spots, but rallies were mostly limited to fractions. Price cutting In various industries, appearing; tn automobile tires today, and dividend uncertainties, were depressing influences. An isolated bullish demonstration appeared In the gold mining issues, however, Extreme losses of 1 to 2 points appeared in such issues as American Telephone, Allied Chemical, American Can, Du Pont, Chrysler. United Aircraft, Case, Macy, Norfolk & Western, Eastman, Owens Illinois Glass and others. Goodyear lost a major fraction. United States Stool preferred sagged more than a point, then recovered partially. Tho common was barely steady. Standard Oil of New Jersey, and Consolidated Gas were sold In some volume, sagging substantial fractions. Homestake Mining rose more than A and Mclntyre Porcupine and Alaska Juneau about a point. New York Close **«•*»**••!«•• (United Prest Leased NEW YORK. Feb. 2,— .. . , Railroads Atchlson Baltimore & Ohio Chesapeake & Ohio'.i Krlft 'Tit, t «..••>•.,... Illinois Central..,..,. Missouri Pacific • * • • * 10 6% rn Pacific Pennsylvania olther ciflc • • • • * t * • t • Great Northern pfd Industrial! American Can. American Tel. &. Tel Borden ,.,., Caterpillar Cities Service.... Columbia Gas.... Consolidated Qua Corn .Products... Curtlss-Wright... Famous Players. General Klectrlc.., General Foods Gold Dust Goodyear Tire and International Harvester International Tel. & Tel.'.,! Montgomery Ward North A morJcHi) Pacific Gas Eloctrlo Radio Corporation Safoway aiores Scars- Itoebuck U. S. Rubber ". Union Cnrbldo & Carbon... United Aircraft Warner Brothers Western Union Westtnghouse Electric WoolworUr J. C. Penney.. Transumerlca ., First National Johns-Manville. Metals American Smelting..., Anaconda Bethlehem Steel , Inspiration Copper.... International Nickel.., Kennecott Copper,,.. U. b. $teel , Vanadium Steel , Republic Steel. Tobacco and Sugar American Sugar American Tobacco "A".. American Tobacco "B".. American Sumatra Cuban American Sugar . Great Western Sugar,... U. J. Reynolds "B r ' United Cigars * Otis Mexican Seaboard Phillips Petroleum Richfield Sinclair Standard Sttmdard 74 • * • * * 68 0 '1 fi-i L.4 '.8 3 iS T* 4U » » • I # n 23 * * **•>•* 26 Stores m 12% 13 Sfc 26V • • « * * 58 81 U 16 OH of California... Oil of New Jersey. Standard Oil of New York.. Texan Company Tidewater Association (new) Motors Auburn Chrysler General Motors Hudson Packard Motors Studebaker Timken Roller-Bearing..' Equipments American Car Foundry. American Locomotive .', Baldwin Locomotive ... General Tank Stewart-Warner 9 * * 9 9 41 3U • f • • 4 »***«*** **«*« 7 7 6U LOS ANGELES PRODUCE MARKET LOS ANGELES, Feb. !i. (U. P.)— Fruits and vegetables moved rather slowly on this morning's market with liberal supplies In most lines and lower prices In many. Centra) coast artichokes, J3.76@4.00 box, ordinary I2.2fng3.50. Avocados, loose, Fuertcs, 17@19c pound, rlpeH 2Qc; I J uoblus 16@16c, few Local Cannnnhall cabbage, 30@35c crate, pointed ZOft'Ziic, red 75c©11.00. Loral cauliflower, 30@:iDe ftolU crato. Celery, A'cnlcc. half-crates and hearts In pony crate*, 50@GGc: Chulo Vlata, Imlf-crateu, 7."t®8Ge. Imperial va!l.\v dry puck lettuce, drv pack 4s, $1.00@1.1C. I'oafc, San Diego oounty, 5(S6c pound: Ventura. 4fc©5c; Imperial valley 6<ft>7c! ^ • _ _ ^_ — ^_ — ^h ^K A ^ ^B ^ ^^^f , Imperial valley, 4- briHket, $L».2fi'fr2.S&; Sun Diego county, Uallaii $l.2fi^i.50: local, Cream, 40® &0<- 1u£; Winter Banana. $7.00@10.00 (on. ^ Swoct r.Oi' lug »W- » <f • t VV'flflV*'* Prf* Jonquln valk-y. Jerseys, 45!fl>66c lug. I<ocal, Imperial valley and Coachella valley tangerines, UtfpS^c pound. potato^K, local, Jerspys, 40O» Nuiu-y HuilM, 60 ($70o ; San ^, FOREIGN EXCHANGE NEW YOUK. Fob. L'. (A. P.)~ Kop- sohitntse steady; Great Britain cables, ., t, .- ----- ls - ft l: Germany, Holland, 40,20; Toklo, 21.00; , «?L a8 ' 50; H«"*kong, 22.19; Man. fveal, 84.00; Mexico city (silver peso), ._ COFFEE MARKET NK\V YOHK. Feb. 2. (U. P.)~C_ fee—Rio »b, on bi>ot, SHc; Santos 4s, J BAR SILVER XRW YOIIK. Kcb. S. (A. silver *i lower ut f , L V - J. > '. ' '.'IS '- J rf . . W . .* *'iV, * - -.-' t 1 1 . I

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