The Bakersfield Californian from Bakersfield, California on February 8, 1933 · Page 11
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The Bakersfield Californian from Bakersfield, California · Page 11

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Wednesday, February 8, 1933
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THE BAKERSFIELD CAL1FORNIAN, WEDNESDAY, FEBRUARY 8, 1933 11 OIL <M MINING Supreme Court Decision Settles Contention Point Production Drop for 1932 Is 69,236,000 Barrels, Reports Indicate (Atsoolntet Prtts Leased Wire) WASHINGTON, Feb., 8.—Production of crude petroleum In the United States for the year" 1932, according to "•preliminary data of the U. S. Department of Commerce amounted to 781,845,000 barrels, a decline pf 69,236,000 barrels from 1031. ; December Figures * 'December production of crude In United States totaled 58,044,000 barrels, or a dally average of 1,872,000 barrels, marking tho first time that the 'dally average for any month has dropped below the 3,000,000 barrels mark since March, 1826. Tho drop was duo mainly to the shutdown of the East Texas field for the last 14 days of December. . Crude stock declined 32,201,000 barrels during the year while Indicated domestic demand for motor fuel In •December was 27,191,000 barrels, a drop of 11 per cent from December, 1931. , The domestic demand for 1932 was 373,770,000 barrels or 7.8 per cent less than In 19931. Total demand, Including 38,434,000 barrels exported, was 409,204,000 barrels, a decrease of 8.9 per cerit from tho previous year. Motor Fuel Stocks " Stocks of motor fuel on December 31 totaled 49,671,000 barrels compared with 47,125,000 at the end of November and 51,521,000 at the end of 1931. During December, Texas again was tho leading producing state, although its output for the year, 311,069,000 barrels, was 6 j>er cent below the total }n 1931. The output of tho east Texas field In, 1932 was 120,158,000 barrels compared with 109,630,000 the previous A N. OIL company which licenses a service station operator to sell its products on property on which It has acquired n leasehold Interest, has a right to Insist that the products of no other company bo marketed from tho premises. Such was the keynote of a decision handed down recently by the Supreme Court of California In a suit brought by the Associated Oil Company. Tho decision Is regarded as of major Importance to tho oil industry Jn settling conclusively a point which has long proven a source of contention be- twpcn the major oil companies and operators of service stations on which an oil company holds a lease. Ruling Reversed Associated Oil Company originally filed suit for 'an Injunction against HarOld Myers and W. H. Myers, who after leasing a service station to the company and agreeing to purchase and deal exclusively In gasoline and oil products marketed by Associated, proceeded to market tho products of other companies. When the suit for Injunction was dismissed by the Superior Court, which ruled that such contracts conslttite Illegal restraints pf ;rade .and may not bo enforced by In- ur.ctlnn, tho plaintiff appealed to the Supremo Court, which reversed the ludgment In an opinion filed at San Francisco. Tho Court said, In part: "As we read tho contracts It cannot be seriously doubted that tho parties Ir tended that plaintiff should have a leasehold Interest In tho demised premises, nor can It be seriously questioned that the contracts were prepared and executed In tho form In which we find them with the Intent and for the express purpose of on- c.bllng the appellant to determine tho use to which the property should be put during the term of the lease. Fine Polnti of Law "It Is to be remembered that tho plaintiff did not seek to compel the respondents to remain on the property and sell Its products. It simply sought to restrain the sale of other products and the display of other advertising. "It requires no argument to demonstrate that appellant had the right to decline to sell any but Its own product upon the, leased property. Wo cnn t<«e nothing unreasonable In re- qi irlnjf the licensees to flo the same tiling." year. Merger of Two Standard Concerns May Be Delayed TVTEW YORK, Feb. 8. By FRANK H. MeCONNELL AiMtlitid Prttt Flmntlil Ctflttr SALT LAKE CI1Y ' WINS Com MEDAL • (Associated Press Leaied Wire) NEW YORK, Feb. 8.—The American Institute of Mining and Metallurgical engineers announced today that the James Douglas medal for 1933 has been awarded to James Orr Elton, of Salt Lake City, Utah. The award, highest metallurgical honor In the United States, was made for "conspicuous work In the treatment of smelter fume and In the production of electrolytic zinc; for the development of successful methods for preferential flotation of lead-zlnc-sll- 'ver ores and oxidized lead-silver ores, and for Improvement In lead smelt- Tho medal Is presented annually for distinguished service In nonferrous 'metallurgy under the terms of an endowment In commemoration of the Tale Dr. James Douglas, a pioneer In the •development of copper metallurgy In Arizona. . Elton Is 54 years old and was bom in the state of Washington. He studied mining engineering nt Washington-State College and tho Unlver- ' slty of Idaho. He has been associated with the Anaconda Copper Mining Company for many years. 1 The medal will be presented at the . meeting of tho Institute on February 22. * » » -While a strong belief prevails In Wall street that tho J2,600,000,000 merger of Standard OIKCompany of New Jersey and Standard of California may be attempted this year, some oil men hold present negotiations will be held In abeyance until W. C. Teagle Is back on the Job. Teagle left his desk as chairman of the New Jersey company last summer, when he became head of the "share- the-work" program instituted by Industrial and other leaders. Officials of both companies have Indicated "no change" has taken place recently In merger negotiations. They have Implied, however, that the discussions have not been definitely sidetracked. Disparity between prices and yields In the Standard of California and New Jersey stocks has been mentioned as a possible factor In delaying a merger agreement. Standard of California shares have ranged between $26 and $23 a share In New York Stock Exchange so far this year, and at current prices, With an annual dividend rate of $2 a share, yield more than 8 per cent. Standard of New Jersey, which has sold as high as $31 a share this year, when on a dividend basis of $2 annually, has just reduced Its dividend to a $1 annual basis, which has brought tho stock down to around $26 a share, where on Its new dividend basis Its yield Is less than 4 per cent. Consolidation In 1931 of the Standard OllTjf New York and the Vacuum Oil companies, which later received court approval, has greatly strengthened belief In oil trado circles that the New Jersey and California consolidation might not meet with serious obstacles. Should such a merger be arranged, It would bring Into being a company having total assets of $2,509,740,201, based on latest published balance sheets of the companies. The Socony-Vacuum Corporation had total assets of $1,038,601,735, according to Its latest balance sheet. lit COLLECTOR IS TO BUYJPSURE Valued at $20,000,000; Ford or Rockefeller Mfty Be Purchaser (United Prcs» Leased Wire) FEIPINQ, China, Feb. 8.—Ancient treasure valued at $20,000,000, removed from tho forbjdden city of the Manchu emperors, Is destined for sale to n private American collector, a high diplomatic source said today. John D. Rockefeller, Jr., or Henry Ford were mentioned, as possible purchasers. ' Priceless manuscripts, books, jades, porcelain, richly Inlaid museum pieces and other objects of art, were packed In 3000 cases and are being removed to Shanghai, ostensibly for protection In event of a Japanese Invasion. The removal .caused, widespread resentment and Is being: carried out under heavy military guard. Nelson T, Johnson, United States minister, denied reports he had acted as agent In negotiating for the sale. He said he was unaware of the purpose of the removal and could only deny that he was In any way conr cerned. In tho midst of popular resentment which caused the streets from tho forbidden city to the railway station to be lined with troops and all traffic forbidden, the bulk of the treasure was removed In packing cases last night by thousands of coolies. An addltlpnal 882 cases 'were being removed tonight, with further elaborate military precautions. Chinese fire brigades reinforced the troops, ready to douso the crowds with water If an outbreak threatened. EXPECTliDlllON ON VITrlfASURES ('Continued From Pago Two) STOCKS AND MARKETS DIVIDENDS (Associated Preii Leased Wire) NEW YOHK, Feb. 8.— Seaboard Oil Company of Delaware today declared am extra dividend of 10 cents and a regular quarterly payment of 10 cents, both payable March 16 to stock of record March 1. PRICE CHANGES AT S.F. SLIGHT BRIGHT SPOTS IN BUSINESS <$>- U. S. Power Output Continues Decline (Annotated Press Leased Wire) NEW YORK, Feb. 8.—A slightly greater decrease In tho nation's power output than In either 1932 or 1031 was reported today by tho National JBlectrlo Light Association for the week ended February 4. Mild weather largely accounted for tho reduction, Tho week's total was 1,454,913,000 kilowatt hours against 1,469,636,000 the week before. Production was 8.4 per cent less than In 1932. For the previous week, tho reduction compared with tho corresponding 1932 figure was 7.D per cent. TREASURY REPORT WASHINGTON, Feb. 8. (A. P.)— Treasury receipts for February 8 were $9,249,772.69; expenditures. $26,708,904.23; balance $415,369,701.07; custom duties for six days of February were $3,396,478.07. - 4 « > ASTOR SELLS HOME NEW YORK, Feb. 8. (A. P.)— Vincent Astor has hold his country place at Sands Point, Long Island, to Allan J. Mclntosh, member of a stock exchange firm. The estate, one of thd show places of Long Island, Is assessed at about $600,000. Trading Volume Light and Is Confined to Few Issues (As»nclated Press Leased Wire) SAN FRANCISCO, Feb. 8.—Stocks changed hands In light volume, with distribution restricted to a comparatively few Issues, In trading hero today, and prlco changes were of little consequence. Utilities were a shade higher and tho oils did not appear ou the tape. Pacific Telephone common, Pacific Gaa & Electric and Southern Pacific gained minor fractions and there wore equally small losses In Calamba Sugar common and Caterpillar. California Western States Life voting pool sold off 1H to a new 1933 low at 26 and California Western States Capital dipped 2 to 26V4. Firemen's Fund Insurance gained a point to 43. American Telephone added % on the curb as did Vlrden Packing. Neon Electrical Products was boosted 1% and Southern California Edison made a small gain. Radio Corporation dipped Mi. (United Press Leased Wire) NEW YORK.—R. O. Dun & Company reported 060 business failures during the past week, against 702 In the preceding week and 780 In corresponding week of 1932. the DETROIT.—Industrial activity In Detroit during January, as measured by electric power consumption, was greater than In December, according to the board of commerce. . WASHINGTON. New business booked ut lumber mllla of the country during the week ended- January 28 was the largest of tho year to date, according to the National Lumber Manufacturers Association. Citrus Market S. F. Stocks branch agrees, President-elect Roosevelt will have authority not only to merge but to abolish govrernment bureaus as a means of balancing the national budget. Senator Byrnes, Democrat, South STATE OUTPUT OFF NATIONAL OIL FLOW LAST WEEK C.C.10.IS • Chanelor-Canfleld-Mldway Oil Company IB making good progress below 1000 feet In the drilling of its Poso No. 6 well on section 6. 28-20 at Mount Poso Creek.- The well was spudded January 28. On section 28, 26-28, the Calmay Oil Company's No. I job has not progressed beyond the location stage. Federal Petroleum Company Ms expected to spud soon at Its Dominion No. 1 on section 28, 26-28. Pacific Coast Division Oil Company has rigged rotary for Its Poso No. 1 'on BOctlon 14, 27-28. Shell Oil Company completed Its • Security No. 6 on section 16, 27-28, .yesterday, and today was preparing *its Glide No. 3, on section 15, 27-28, for Immediate drilling. Crude oil production in California, during the. week ended February 4 was 467,300 barrels dally, according to tho Pacific Coast office of the American Petroleum Institute, a decline of 6100 barrels from the dally average credited to the previous week. Figures, showing tho fields of the state, their dally average output for tho week ended February 4, and the loss or gain compared with the dally average of the week previous, arc: Field— Deo. Long Beach 67,500 *500 Santa Fe 63,800 .... Huntington 22,800 6,500 Domlnguez 18,400 *200 Inglewood 12,200 »100 Ventura 37,000 *300 Seal Beach 11,200 100 Midway 46,600 300 Elwood 14,100 *600 Kettleman 53,300 900 Del Rey 12.700 100 All others 107,700 900 occo DIP iMonrAor otto Bib INlKtAot NEW YORK, Feb. 8.—Dally average gross crude oil production in tho United States Increased 19,550 barrels In the week ended February 4, total- Ing 2,028,250 barrels, the American Petroleum Institute's weekly summary Indicates. Dally average production east of California Increased 25,650 barrels to 1,570,960 barrels. Imports of crude and refined oils •t principal United States ports totaled 1,027,000 barrels, against 671,000 barrels. Refineries representing 91.6 per cent of estimated total capacity, operated at 56.8 per cent of their capacity, reported dally average runs of crude oil o stills as 2,006,000 barrels. Dally average cracked gasoline by refineries representing 95.4 per cent of Carolina, a close associate of the Incoming chief executive, sponsored the reorganization provision. He said approval of his amendment "represents tho complete powers sought by tho President-elect." Five Per Cent Cut As finally passed the treasury-post office bill carries a little more tlmn $930,000,000,' as compared - with $1)61,000,000 approved by committee. The big saving will come from an amendment offered by Senator Brnt- ton, Democrat, New Mexico, which directs nil government departments to cut their expenses 5 per cent below amounts appropriated for them. Bratton estimated this would lop off a total of $143,000,000. The bill extends for another year the 8 1-J per cent cut for federal em- ployes, Including tho army and navy, through payless furloughs. The committee's recommendations fpr an additional pay cut of 1 2-3 per cent was rejected, as was. a proposal to extend the 8 1-3 per cent slash to veterans' compensation. I Cotton Futures I 4 - . — <$> (Associated Preii Leased Wire) NEW YORK. Feb. 8.— A more favorable view of Washington reports regarding farm relief proposals and claims of a better tone in tho cotton goods market, were considered largely roHponslble for further rallies In cotton here today. May contracts sold up to 6.22 or 12 points net higher and 37 points above the low level of Monday but demand then tapered off and there was reactions under realizing and local selling. May was selling around -6. 16 In the mlaaftornoon market with active months generally showing net gains of about 6 to 7 points. The cotton market cnBod late In tho day under southern selling, futures closing barely steady, 1 lower to 1 higher. March, 5.97©5.98; May, 6.10; July, 6.22®6.23; October, 6.43(96.41; December, 6.56; January, 6.61@6.62; spot quiet; middling, 6.05. " NEW ORLEANS COTTON NEW ORLEANS, Feb. 8. (A. P.)— Spot cotton closed quiet and unchanged. Sales 626; middling 6.95. (Atsc-olated Press Leased Wtre) Stock— Bid., Asked Alaska Juneau 12U 12Ji California Packing 3 OVi Caterpillar Tractor 6J4 6% Cons. Chemical "A" 13% 15 Crown Zollerbach prof "B" 8V* 9 Fireman's Fund Ins 42)4 43 Losllu-Callfornla Salt 13Vi 13% P. a. & E. com 27*4 28V P. 0. & E. 6% 1st pfd.... 24% 24% Pacific Light com 35 \<s 30% Pac. Pub. Ser. 1st pfd.... Sty 3% P. T. & T. com 7BV5 76% P. T. & T. pfd 108V4 109V4 Parafflno com 9V4 9% Richfield com .» M; Roos Bros, com 2 2^i S. J. L. & P. 7% pr. pfd.. 75 83 8. J. L. & P. pr. pfd "A".. ... 86 Shell Union com . *> (Atlanta ted Frets Leased Wire) LOS ANGELES, Feb. 8.—Early reports from eastern and middle western auction centers today gave the following price rango per box: Oranges Graded Above Choice New York $2.76@4.R5 Boston 2.45ii)3.10 Philadelphia .... 2.70@>3.35 Plttsburg 2,85ff?2.90 Cleveland 2.60®2.96 Baltimore 2.60 Cincinnati 2.60 Detroit 2.70(3)3.05 Lemons Graded Above Choice Now York $3.10(ff5.00 Boston 4.26(if4.45 Philadelphia .... 3.20<ff3.55 Plttsburg 3.80 Cleveland 4.25 Baltimore 3.85 Cincinnati 1.70<3>3.GO New Orleans ... 2.20 (No miles wore held nt Chicago or St. Louis because of the cold weather.) Choice i.'90(g!2.35 • 2.25 1.8551)2.55 2.00{|2.16 2.'26 2.40 Choice $2.05®5.25 3.80 2.80@3.05 3.40 3.35 8.20 1.40©2.50 1.85 Net Gains of Fractions to Point or More Mode by Many Issues LATE BULLETIN NEW YORK, Feb. 8. (A. P.)— A slow rally In the stock market was interrupted only, temporarily ' •by a sag In the tobacco Issues today and net gains of fractions to more than a point were numerous at the finish. Turnover was only about 700,000 shares. NEW YORK, Feb. 8.—The stock market tried to rally for a time today, but found the way to higher prices blocked by further selling of the tobacco Issues. Rails .acted fairly well, and American Telephone resisted selling-, but tho market as a whole developed an cany tone after mid-day, although most losses wero limited to fractions. Liggett & Myers B lost more than 2 points, and Reynolds and American Tobacco class B Issues lost a point or so. Declines of.% to 1 point appeared In U. S. Steel common, Consolidated Gas, Eastman, and West- Inghouse Electric. An extreme rise of l"j points In Union Pacific was largely erased after midday. Among minor specialties, Now York Shipbuilding and Industrial Rayon wero bid up moderately. 4 » » Southern Pacific 17 S. P. Golden Gate "A" 4 Standard Oil of Calif 23V Tidewater pfd 42 Traniamorlca 4% Union Oil of Calif 10 Western Pipe com 6V4 6,100 Totals 457,300 * Denotes Increase. Huntlngton Beach, II will be noted, registered the greatest decline for last week. Midway field.of Kern county contributed a decrease of 300 barrels dally. The new dally average represents a decrease of 42,400 barrels under the 499,700-barrel dally average credited to tho same week In February of last year, and a decrease of 70,600 barrels under the 627,800-barrel dally average registered during the corresponding period In 1931. SHELL REQUIRES 17 • North American Oil Company has begun balling of its No. 25 well on sectten 33, 31-24, In tho Midway district. The well wan drilled to 4750 feet In oil sand. A total of 150 feet • of BH-'nch liner, Including 100 feet of perforated pipe, wps landed at bottom previous to the Inauguration of the balling detail. Darby Syndicate, driller of the Cypress No. 1 on section 32. 32-23, In the same field, ceased drilling when tho well was. bottomed at 1005 feet In Hhale, and additional drilling Is expected following tho present temporary layoff In activities. Standard Oil Company, It bus been reported, hq.s decided upon a temporary lull In activities at Its troublesome Mascot No. 1, a 9760-foot well •on section 26, 82-23. .(Arizona Seeks I I Leadership in ! I Copper Tariff | (Astoclated Press Leased Wire) PHOENIX, Feb. 8. — Arizona mov»d today to niiume leadership o'f.the western states In expressing officially through legislative; action dissatisfaction with the present 4 per cent copper tariff and In asking an Increase of 150 per cent. ... A memorial Introduced In the Arlxona Senate asks the United States Congress to Impose "a duty of at least 10 cents per pound on •sell pound of foreign copper Imported Into the United States." DAYS 0 END WELL Quick time featured drilling of the Shell Oil Company's latest well at Mount Poso Creek, the Security No 6, on section 16, 27-28, The well was drilled to completlon 0 polnt at 1792 fee' n just 17 days, Including time re quired to set casing, cementing ant drilling out. Production from the wel will be known soon as It Is being pu on the pump today. The company Is prepared to spu< Its Glide No. 3, on section 15, 27-28 which has rig »ip and being equlpper for drilling. COTTONSEED OIL DALLAS, Feb. 8. (U. P.) — Crudu cottonseed oil, unchanged, $2.40@2.60. otul charging capacity was barrels. 393,000 Expect Completion Soon at Kern Well Completion of the Mllham Exploration Company's latest gas driller in the Buttonwillow field, the Whlttnker No. 3 on section 8, 28-23, should follow within the next few days. Mllham drilled the well to 2362 feet and Ket tho 8Vi-lnch casing at that point successfully. It Is tho firm's twenty-third drilling project for tho Buttonwillow district. (United Press Leased Wire) LOS ANGKLES, Feb. 8.— Picturing Mrs. Anna Laura Barnett as nn "Impetuous lover" who forced Jackson Barnett, millionaire Creek Indian, into an elopement, the government scored today in its attempt to, annual her marriage to the 90-year-old man, and to force return of gifts amounting to more than $1,000,000. The ' startling love tale was Introduced through a deposition of J. J. Johnson, taxi-driver of Henrietta, Okla., over fretjuent objection of Mrs. Barnett's attorney. .Mrs. Barnett engaged him In Henrietta-to drive her to Jackson's, nearby ranch, Johnson said. "She called Barnett out of the house and began to make love to him," he continued. him. "She put her arms around Permit Advertising Legalized Liquors (United Press Leased Wire) WASHINGTON, Feb. 8. — Senator Walsh, D.omocrat, Massachusetts, today Introduced an amendment to the Senate 3.05 per cent beer-wine bill to permit national advertising of all beverages which would be legalized If the measure becomes law. As reported by the Senate judiciary committee, advertising In dry states would have been prohibited. "Mrs. Barnett then got him In tho car, over his protests, and asked me to drive to Okemah, 12 miles away. "She sat on his lap, but he asked her to get up. "She promised me $1600 If I would drive them to several towns If necessary, to obtain a ma'rrlaga license. "They went Into the courthouse ut Okemah, but couldn't get a license. "Then we got some whisky mid wine and drove to Holvenville. AVo reached there at 4:15 a. m. and woke up tho clerk, but he wouldn't Issue a license." ROOSEVELT MAY WAR AGAINST TAMMANY (United Press Leased Wire) MIAMI, Fla., Feb. 8.—A definite Indication that President-elect Roosevelt will lend- himself to a movement to break tho power pf John F. Curry, eader of Tammany Hall, was seen today In authoritative reports that | James A. Farley would retain his position as Democratic state chairman In New York after he becomes postmaster-general In tho cabinet which will assume office March 4. Farley will remain both state and national chairman, It was understood, and will retain his closo control over the maintenance of the political machinery of the Democratic party. An attempt by Curry and up-state New York allies to break the power of the HooHovoR-Farley organization over state Democratic patronage was defeated in the New York Legislature recently. There have been widespread reports In New York that t)ie Roosevelt wing of the party would unite with the Alfred E. Smith adherents In Tammany .hall to eliminate the Curry faction, which Is hold responsible In some quartern for the James J. Walker administration of New York City affairs. L. A. Stocks (llnitcd Press Leased Wire) LOS ANGELES, Fob. 8.— Industrials Stock— Bid Byron Jackson 1'A Claude Neon Elloc 7 Douglas Aircraft 11% Emsco Derrick com i Globe G. & M. com «Vi Goods-ear T. & 11. pfd.... 25 Taylor Milling 4H Van do Kamp 6 Banks Citizens Nat. Bank 34% Sec. First Nat. Bank 42>4 Miscellaneous L. A. Invest. Co 1% Pacific Finance Co 5 Pac. Mutual Life 2BU Transamerica 4% Western Air Express 13!n Public Utilities L. A. G. & 151. pfd 98H P. G. & E. ram 27% P. G. & E. 1st pfd 24% Pac. Lighting com 35V4 S. Joa. L. & P. 6% pfd.. 80 So. Calif. Edison com 24% So. Calif. Edison 7% pfd.. 27 Calif. Edison 0% pfd.. 24 L. A. BUTTER, EGOS, POULTRY LOS ANGELES, Fnb. S. (U. P.)— Butter Prime, 18c; prime firsts, 17c; standards, 16c; firsts, 15c. ECO* Large — Clean extras, IGc; light dirty extras. 15Hc; clean standards, 15c; light dirty standards, 15c; checks., 14c. Medium— Clean extras, 14n; light dirty extras, 34r; clean standard^', He; light dirty standards, 14c; chocks, 14c. Small,— Clean. 14c; light dirty, lie. Poultry and Rabbits liens, LeghortiH, 2U to 3>4 Ibn.. lie, Hens, Leghorns, 314 Ibs. up, lie. Hens, Leghorns, 4 Ibs. and up, He. Hens, colored, 3U to 4 Ibs., 16c. Hens, colored, 4 HIR. 'and up, IGc. * Broilers, ] to 1% Ibs., 13c. Broilers, 1% to 2</i Ibw., J5e. " , Fryers, Leg to 3 Ibs., I4c. So. Calif. Edison SVi% pfd. So. Calif. Gas 6% pfd 23 Southern Pacific Oils Barnsdall HolHH chlca Pacific Western Republic Pete ••• 1 Richfield Oil Richfield Oil pfd Standard Oil of Calif 23 Union Oil of Calif 10 17% CORBETT UNCHANGED NEW YORK, Feb. 8. (U. P.)— The condition of James J. Corbett, former heavyweight champion, remained unchanged today. He Is suffering from a heart ailment. MRS. GANDHI BOMBAY, Feb. 8. (A. P.)— Mahatma Gandhi's wife, arrested last week for Illegal political activities, was sentenced to six months' Imprisonment today and fined 500 rupees, In default of which tho jail sentence will be extended six weeks. Her husband has been In prison at Poona since January, 1932. JUDGE CALLED BY DEATH JEFFERSON CITY, Mo., Feb. 8. (A. P.) — Judge Clarence A. Burney, of 'the Missouri Supremo Court, I died today. BLAMED FOR LINER FIRE f Associated Press Leased Wire) BORDEAUX, France, Feb. 8.—-Destruction of tho steamer Atlantlque, which burned In the Kngllsh channel last month has been definitely attributed to arson by an Investigating board, and today's newspapers said an arrest was Imminent. The chairman of tho Investigating commission said It had been established that fire waa discovered almost simultaneously In four cabins and that men aboard had detected the odor of gasoline Hhortly before tho fliimea were discovered. Tho newspapers Hpoculatod on tho possibility of organized International sabotage. CHICAGO GRAIN CHICAGO. Feb. 8. (A. P.)—Increased reports of crop damage from severe cold and dearth of -snow protection hoisted wheat values to a substantial extent today, Comprehensive advices showed little snow on the ground In parts of hte west, southwest and Ohio valley. Latest unofficial estimates from Kansas, tho banner when! producer, Indicated the 1933 yield In that state would bo only 75,000.000 bushels. Wheat closed firm, V4©%c above yesterday's finish, corn Utfl>%c up, oats, Vt<fi"4c advanced, and provisions varying from 2c off to 5c gain. CHICAGO. Feb. 8. (A. P.)—Wheat, no sales. Corn, No. S mixed,. 23V4c; No. 2 Vellow (old). 25%o;.No. 3 yellow, 23»,4iff24«4c; No. 4 white. 23^c. Oats, No. .1 mixed, 16'4^; No. 3 white, 16V.'S>16%c. Rye, No. 1, 4t)c. Barley, 25« ; 30c. _ GOVERNMENT BONDS NEW YORK. Feb. ?8. (A. P.)—Liberty bonds closed today: 3lis, 32-47, 103.12. First 4Us, 32-47. 102.22. Fourth 4V4s, 33-38, 103.12. Fourth 4'/in, reg., 33-38, 103.10. Treasuries: 4Ub, 47-52, 110.16. 4s, 44-64, 108.16. 3»is, 46-58. 104.25. 3«5«, 40-43, June, 102.18. 3%s, 43-47, 102.14. Il^ts, 41-43, March, 102.15. 81,4*, 46-49, 99.28, 3s, 51-55, 98.10. BAR SILVER , NEW YORK. Feb. 8. (A. P.)—Bar i silver firmer, Vi higher at 25*i. Fryers, ijegnorns z^i to H ins., MC. Fryers, colored, 2Vi to 314 Ibs., I7c. Roasters, soft bonf, 3% Ibs. up, 17c. Stags, 13c; old roosturs, So. Ducklings, Pekln, 4 Ihs. and up, lie. Other than I'ekln. 4 Ibs. and up, lOc. Old ducks, lOo. Gceso, 12c. Young torn turkeys, 13 Ibs. up/lflc. Young toms, dressed, 12 Ibs. up, 16c. Hen turkeys, 9 Ibs. and up, 13o. lUm turkeys, dressed, 8 Ibs. up, 16c. Old torn turkeys, 12c; dressed, 15c, Squabs, under 11 Ibs. dozen, 15c. Squabs, 11 Ibs. dozen and up, 20c. Capons, live, under 7 Ibs., 18o. Capons, live, 7 Ibs. and up, 20r. Capons, dressed, under 8 Ibs., 23c. Capons, dressed, 6 Ibs. and up, 23c. Rabbits, No. 1 white, 3 to 4 11»H., 9c. Rabbits. No. 2 white, 3 to 4 Ibs.. 6c. No. 1, mixed colors, 3 to 4 Ibs., Be. Rabbits, No. 1, old, 6c. LOS ANGELES PRODUCE MARKET LOS ANGELES, Feb. 8. (U. P.)— Trading was very sluggish this morning but most lines of fruits and vegetables wero practically unchanged In price. Artichokes, Davenport, $3.50 box; Arroyo Grande, frosted, $2.75. Avocados, Fuertes, 18(iT20c pound; Pueblas, 15(9!17«. Brussels sprouts. Davenport and Santa Cruz, 94?10c pound; San Luis Oblspo, 4®8c. Local Cnnnonball cabbage. 40(®50c crate; pointed, Caplstrano, 30y35c. Local cauliflower, 40fo/60c rrato. Venice celery, 40if?50c half criito; Chula Vista, 50ffTOOc; Long Bench, 80 <())85c; Huntington Beach, 6!ii3>75c. Imperial valley dry-pack lettuce, $lfi)1.26 crato for 4-dozen; 5s, 85ifi>flOc. Peas, San Diego county, 9<Bllc; Coachella valley, lOfi 12c; Kan Pedro peas, 12<ji>14c; Kanta Barbara, Me. . Imperial valley summer squash, $2.75W3.00 crate; Italian, $2.00r ( V2.25; San Diego county Italian, $1!.00<&2.25 New York Close (United Press Leased Wire) NEW YORK, Feb. 8.— Railroads Atchlson 43U Baltimore & Ohio 11% Chesapeake & Ohio 29V Erlu 6V Illinois Central 14} Now Vork Central...- 19} Northorn Pacific , 15? Pennsylvania 18V Southern Pacific 17»£ Union Pacific 74Vi Great Northern pfd 9T» Industrials American Can 58 American Tel. & Tel 101*4 Bordcn .' 21% Cities Service , 2% Columbia tias 16Vk Consolidated Gas 62?* Corn Products 5'4H Curtiss-Wright Famous Players ».... Fox Films "A" General Electric- General Foods Gold Dust Cjoodyonr Tiro and Rubber... A 23 Vs 14 (i lug. Local sweet potatoes, 40(fi)fiOc. lug; northarn, 60(iJ55c. Local yams. fiO<i?75e. Imperial valley tomatoes, $2.50ii('2.75 cruto for 9-tops; $2.25<Q>2.50 for 12- tops. ' FOREIGN EXCRANQE NEW YOHK, Feb. 8. (U. P.)—Foreign exchange c-losed easier. England 3.42%, Canada .84 1 4, off .005». Franco .0390%, off .0000 3-16. Hnly .0511%, off .0000 VA. Belgium .1291, up .OOOOU. Germany .2377, off .0001. Chechoslovakia ,0296V«. Switzerland .1929. Holland .4018'i, off .0001. Spain .0820, off .OOOOU. Sweden .1830, off .0001. Japan .2125, off .OOOH-. International Harvester 21 International Tel. & Tel 8% Montgomery Ward 13U North American 26'jk Pacific Gas lllectrlc 28>j, Itudiu Corporation 4Vl Hafawny Stores i 38 4i Scars-Hoebuck ISVk U. S. Rubber 4 Union Carbide & Carbon 24V; United Aircraft 24& Warner Brothers, I'i Western Union 2314 Wcstinghouso Electric 27»» Woolworth 82ts J. C. i'onnoy 25*« Transamerlcn 4 7 i First Nut. Stores 51 Johns-Manvlllo 20 Caterpillar B^i Metals American Smelting 13* a Anaconda , 7 1 " Bethlehuni Steel 13 ^ International Nickel git. Kennecott Cupper 'J% U. S. Steel STk Vanadium Steel ll'/i Republic Steel 0 Tobacco and Sugar American Sugar 28 American Tobacco "A" 53 Vmerlc.an Tobacco "B" 55 American Sumatra S% Great Western Sugar 8% U. J. Reynolds "B" 28% United Cigars H Oils Mexican Seaboard 16 Phillips Petroluum 5U Shell Union 4 ft Sinclair 6»>i Standard Oil of California 24% Standard OH of New Jersey 26% Standard O»l of New York 6« Texas Company 12« Tidewater Association (new) .... Zy, Motors Auburn 43T. Chrysler 12$ General Motors 134) Hudson 4} Packard Motors 2i< Sludcbaker Los Angeles Hay (Associated Press Leased Wire) LOS ANGELES, Feb. S.—Hay, ton. f. o. b. Los Angeles: Choice narley. $12.50^13.50. Cholco oat, $1.1,50^14.50. Alfalfa, delivered (Hynes or Monte): 17. H. No. 1, $12^13. U. H. No. 2 leafy, $11.50® 12.00. U. H. No. L', $10.50<311.50. per El BUCK ROGERS, 2433 A. D. Mystery Deepens By PHIL NOWI,AN and UEUTRNANT DICK CALKINS WITH KHL6R KAMC SATO.V TPUSSW OP AMD AMD 1 WERE H> MEVJ WfWOOP PRISONERS l)S, TVJO PROJECTILES VHTOCAU.V SEA -A MOMENT LATER owe OF THEM SURGED UP orr of THE WATER AMD FLASHED TOWARD THE DISTANT COPYRIGHT JOHN. HCQ u.s. p» PURSUED FOR MOO^S OOVJK1CWEC LABRADOR. AUD CANADA- THEM-CNER THE WUWTAINS ( AWD NORTHERN VEf?MOWT~- V DOWN - TA»L FIRST/ Tlmkon Roller Bearing 16H- Equipments American Car Foundry 7 American Locomotive 7U Baldwin Locomotive 6H General Tank 18 Stawart-Warner 3Si SAN FRANCISCO LIVESTOCK SOUTH SAN FRANCISCO, Feb. S. (A. P.)—Hogs—ItocelptH 1650; active; Hunts and butchers fully 35 to 40c higher; top and bulk 147 to 180-pound California:*, $4.2.1; 147 to 159-pound Colorado!), $4; pocking BOWK strong to "5c higher; 346-pound CallCurnlus, $3; weighty, $2.50. Cattle—Receipts 150; fairly active; killing clauses mostly steiu'y; medium 'JD3-puund Utah stoerti, $-1.00: medium anil (joocl 1114 to 1143-poai.d Utahs, $4.25; medium lOuS-poun] Nevada cow.s, $3; bulls largely $3..r> down. Sheen— llecelpts 250; strung: medium to Kood 81-pound woolecl 1'tnh lambs, $G; 75-pound local fed, wonted, $5.80. CHICAGO LIVESTOCK CHICAGO, Feb. S. (A. P.)-—Hogs— H1C :eipl Rerelplw 15,000; most early sales fully fully 15i- higher; good to choice 170 to 210-piilliiil. »4.00'(#4.in; top, $4.15: 220 to 250-pound, $3.9004.10; 140 to 180-pound, M.»0^4.uO; moat packing .sows, $3.10'i|3.35. Cattle—llt-celpts KOOO; better grades strung to 25i- higher; nlow; steers, bulk, J4.2Dfi6.00; long yearlings, $6.00 ya.aj; bc'.st \v<*lghty bullocks, $6.25; heifer yen I'll DBS, mostly $5.25 downward; buMiur hflfiT.s, $3.50(314.60; bulls about Meady at $2.f,04f 2.75; vruli>r.'- strung to unevenly higher ut J6.0»'«7.liO. ' ,Sln<i'p--Hocnlpts SOOO; mostly IB to j C, r ir lowi-r; lambs, sorted natives, $5.90. I LOS ANGELES LIVESTOCK LO.S ANiiKLES, Fob. S. (A. P.)— HOBS—Receipts 50; strong to higher; ; medium to good truck-ins, $3.7.5Q>4.10. ('tittle — Receipts 450; active, fully .study; bulk medium to eood steers mid yeiultiitfs, J4.23-iM.60; rough, 1 horned Kicer.s, $4.15; good Nebraska ; cows. $3.US; common down to $2.75; I cutter Ki'aduu, $1.50i&2.60; medium I bulls, Jli.iiO. Calves, receipts 60; quot- i ably .st <.-:uly. Shucp—-Receipts 350; steady; me! ilium to good S'j-puund Idaho liunba, METALS MARKET NfiW YORK, Feb. S. (A. P.)—Copper, quiet; electrolytic, spot, So; future, SMic. Tin, steady; spot and nearby, $23.60; future, $23.75. Iron, qutot,' unchanged. Lead, dull; spot, Now York. {3.00; lutfst St. I/ouU, $2.87. /Ini-. easier; East St. Louis, spot and future, J2.70. Antimony, $u.SO. I COFFEE MARKET I M;\V \ORK, Fub. S. (U. P.)—Cof; fee: Kio 7s on spot, S?ic; Santoti I*,

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