Indianapolis Times, Volume 41, Number 253, Indianapolis, Marion County, 3 March 1930 — Page 11

MAR. 3, 1930

HEAVY SELLING IN INDUSTRIALS HURTS STOCKS New Highs for Year Made in Utility Group; Coppers Off.

Average Stock Prices

Average of thirty Industrials for Saturday was 273.24. up 2 13. Average of twenty rails was 152 52. up 16. Averag*of twenty utilities was 10134. off 84. Average of forty bonds was 94.02. off .16. Bp Unit/ and Peers NEW YORK, March 3.—Utilities, rails and motors came to the fore to check a heavy selling period in the general Industrial list on the Stork Exrhangc today. Trading was heavy and tickers late for a time, but around noon, the tape caught up and was able to keep abreast of the market. United States Steel dropped to 180%, off 3 •>. but around noon came back to 183, holding most of the rally. Meantime. Montgomery Ward was spurting ahead more than 2 points and a long list of other issues forged ahead. Utilities Strong American Telephone and Telegraph rose to anew high for the year on its earnings report for 1929. which broke all previous records, but it met profit-taking and was forced below the previous close. Other utilities were up fractions to more than a point with new highs for the year set by Consolidated Gas and Columbia Gas. Demand was good for electric power and light. Brooklyn Union Gas and National Power and Tight. New York Central was a strong spot, in the rails, rising more than two points and bringing up with it Erie and Alleghany Corporation. Columbian Carbon spurted more than f> points to 195 1 -i around noon while Commercial Solvents, Union Carbide, Air Reduction and United States Industrial Alcohol also made good gains. Coppers Weaken Coppers lost their punch after strength in early dealings. American Smelting eased off on profittaking, following publication of its 1929 earnings statement. Anaconda lost all of an early gain and other issues of the group sagged off. Last week’s leaders, including Westinghouse Electric, General Electric. Radio and American Can eased off. General Motors was quiet in early trading, but turned active last, coming out in large blocks. Packard perked up somewhat after a decline and other motor shares were steady. Call money renewed at. 4 per cent and was in supply at. that figure.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Monday. , March 3. $-1,151,000 debits. $7,915,000. CHICAGO STATEMENT fir/ L'nitrd Prcs CHICAGO. March 3. -Bank clearings. $102.600.O00; ba'specs. $6,600,000. NEW TORK STATEMENT Bl! I nitrd l'r> gs NEW YORK. March 3.- Bank clearings. *663.000.000; clearing house balance. $152.000.000; federal reserve batik credit bal>nce. $145,000,000 TREASURY STATEMENT >/ / nitrd PrfgD WASHINGTON. March 3. The treasury net balance on Feb. 28. was .$54,262,505.12. expenditures on that date acre $6,055,688.04; customs receipts for the month to Feb. 28. were $35,935,439.58. NEW YORK COFFEE RANGE March 1 High. Low. Close. January 7.67 7.67 7 67 March 6.60 8 60 8.60 Mn .. . 8.35 8.34 8 34 July 8.03 8.00 8.00 September 7.83 7.75 7.83 December ... 7.65 7.65 7.65 Births Bo: Charles and Laura Williams. 409 South Randolph Hubprt and Jessie Dooler. 4422 Songster. Heroert and Louise Wright, 2130 South F.a't John and Anna Horner. 317 West Fortysecond. Ralph and Ruth Myers. 1847 Barth. William ana Nellie Carter, 15i9 Bradbury. . > :nond and Anna Fuller. 1277 Naonn. Anthony anc, Grace Caito, 504 South Alabama. . Girls Bert and Pearl Lively, 211 West Fitteenth. Ulysses and Sarah Shaw, 41 South Summitt. Fred and Fannie Cosand, 12 West Raw Cnriie and Mildred Burnette, 2135 South New Jersey * Reavis and Mildred V ilson. 1305 Mentor.#. Deaths Mary Jane Bo kover. 47. 728 North Delaware. acute dilatation of heart. Alfred F. Matnev, 69. 960 North La Salle. I chronic myocarditis James G. Johnston. 47. 3925 Winthrop. i acute dilatation of heart. Robert B. Spring. $4. 1620 Pleasant. 1 carcinoma. Bertha L. Scott, 40. Methodist hospital, u remia. Augusta Urlewicz. 78. 1913 Union, arterio i sclerosis. Ramulus M. Morgan. 89. 1113 Division. ? cerebral hemorrhage. Fred Morion. 48. 14 North Jefferson, lobar pneumonia Mary Hayes. 58. 2743 West Sixteenth, i pulmonary tuberculosis. Donald Robert Myers. 7 days. 1*47 Barth, icterus neanstorum. Alice Harel. 36. 439 Agnes, pellagra Ira Ginn. 32, 422 South Grace, mitral stenosis. PONDER U. S. APPOINTEE Senate Takes No Action on Thacher for Solicitor General. Bn 1 nitrd I'n WASHINGTON. March 3.—The j senate judiciary committee today i discussed for an hour, but took no i action, on a subcommmittee's favorable report of the nomination of Thomas D. Thacher. New York, to be United States solicitor-general. Action was postponed to next Monday. Thacher’s nomination has been attacked because his law firm represented power companies. DENEEN OPENS DRIVE Illinois Senator Stands Behind l\ S. Participation in World Court. /.' I ,1, ■•■/ V *.< MARSHALL. 111.. March 3—Senntor Charles S. Deneen 'Rep.. 111. launched his campaign for renominatlon here today with an address i placing him squarely behind American particpation in the world court.

New York Stocks (By Thomson & McKinnon)

—March I Prev. I Rallrnads— High. Low. 12:00. close. I Atchison ••• i Balt Ac Ohio. .11714 116% H 7 116 Canadian Par 20} 304 Chesa & Ohio '* ’Aii | Chesa Corp 'J 4 Chi & N West ~ ... *6 Chi Grt West.. 13% 13*4 13 * ISN CRIP 119 v a KA.!?!*:::::: ::: l S* Erie lit pfd Grt Nor 98 Gulf Mob Ac Oil ••• 111 Central 129% ... Lou & Nash 134 Par DfeJ .. •- 141** 139 N Y Central. 184% 183% 184*2 184% N Y C A.* St L • 13 < NY NH&H . 122% 122% 122'a 122% i Mr.r PncihC • • • • • • 93 '4 Pennsylvania 62% 82% 82% 82% St Paul 23% 23 a 23 * a 22% St Paul pfd . . 42 41 s , 42 ... St L i S F • •-i, 109 Union Pacific . . West Maryland. 27% 27 Rubbers— „ _ 8S? •. 's% U k Goodyear ! tV< 81 % 81% sf Kelly 4* United states... 2€ 7 26\ 26% 2$ 7 % Equipments Am Locomotive ... ... 99'a ... Air, Steel Pd 48% Man Elec Sup.. 34*, 34 34% 34 Gen Elec new... 77 75% 75'-, it;, Gen Ry Signal ... 93 ... Oen Am Tank.. 103% 103 V, 103% 104 Pressed Stl Car 15 14% 14% 15% Pullman ... 82% 82% Westingh Air B 50% 50 50 50% | Weatingh E1ec..187% 184 185 187% St*>ei*— Am Rol Mills... 94% 92 92% 94% Bethlehem .... 99% 87% 98% 100% Gulf States SU 78 77 77% 77 a Otis • 34% Rep Iron Ac Bti . 75% 75% Ltidlum 43% 43 43 43 a Newton • 53 52% V a steel 183 180% 181% -184% Alloy ... 32% 32% Wa-ren Fdy ... ... 26% Youngstwn 8t! . . ... 130 Vanadium Corp. 72 70% 71% 10% Motors— Am Bosch Mag.. Si’s 51% 51% 51 % Briggs 15% 15% 15% 16% Chrysler Corp .. 38% 38 38% 39 Eaton Axle ... 35 35 Graham Paige .. 9% 9 s , 3% 9% Borg Warner . 43 3 a 42% 42% 42% Gabriel Snubbrs ... 8% Genera! Motors. 42% 42% 42% 43_ Elec Stor Bat ... . 76*, 75% Hudson 56% 55% 58% 56% Hayes Bod Corp. . . 6% 6% Hupp 21 s , 21% 21% 22% Auburn ... 219 223% Mock Trucks 80% 81% Marmon .. ... 24 Keo 14% 14 14 14 Gardner ... 6 6 Nash 51% 49% 50 51 * n Packard *9 18% 18% 19 Peerless ... .. 11 % Studebaker Cor. 43% 42% 42% 42% Stew Warner ... 407, 40% 40% 40% Timken Bear .. 78 77 77% 77% Willys Overland. 9% 9% 9 s , 9% Yellow Coach .. 20 19% 20 19%i White Motor . . 35% 35% Mining— Am Smelt Sc Rfg 75% 74% 74% 75% Am Metals... 47% 46% Am Zinc 15 Anaconda Cop. . . 76% 75% 75% 75% Calumet Sc Ar:r 78% 77% 787, Calumet & Hecla .. ... 30 30 Cerro de Pasco 61 Chile Copper 33% Granby Corp ... ... 57 Gt Nor Ore .. . . . 28% Inspiration Cop. 29% 29% 29% 29 Howe Sound 39 39% Int Nickel 40 s , 39% 39% 40% Kennecott Cop . 59% 58% 58% 59 Magma Cop . 48 ... Miami Copper.. 30% 30', 30% 30% Nev Cons 30 29% 29% 29'/, Texas Gul Sul . .. 82% 63Va St Joe 55% 58% U S Smelt 33 32% 32% 33 Atlantic Rfg.... 39% 39 39% 38% Barnsdall lAU. 217, 21% 21% 21% Freeport -Tex2S 44 43*4 43% 43 Houston 011 . 68 67% fi 7% 6<% Indp Oil At Gas. 21% 21% 21% 21% Conti Oil 207, 20 207, 20% Mid-Conr Petrol. 24% 24% 24% Lago Oil Sc Tr 22', Pan-Am Pet 8.. 53 52% 53 53 Phillips Petroi . 36% 35', 35% 33% Prairie Oil ■. 46 Union of Cal . .. 42% Prairie Pipe ... . 56% 56% 56% 56% Pure Oil ....... 22% 22% 22%. 22% Roval Dutch ... 50% 50% 50% 50 Richfield 25 24 25 24V, Shell 21% 21% 21% 21%. Sinclair Oil . .. 24% 24% 24% 24% Skellv Oil 29% Std Oil Cal... . 59% 587, 58% 58% Rfd Oil N J 59*, 58% 59*, 58% Std Oil N Y 32% 32’, 32% 32% Tidewater 11% 11% 11% 11% Texas Corp 52% 51*, 51% 51% Texas C &,0 ... 9 8% 9 9 Transcontl ..... 8% 8 8% "7, Industrials— Adv Rumley 19.% 19% 19% 18% Allis Chalmersi. 61% 60% 61 60% Allied Chemical .275% 275% 275% 274% A M Bvers ... 85 Armour A 5% s s , s*B 5% Am*r Can .. 142% 140% 140% 142 Alleghany Corp. 31% 31 31 31 Am Ice 37 36V, 38% 36% Am Wool 17% n 5 , 17*is 17% Assd Dry Goods 37% 38% 33% 38 Bon Alum .. .. 51% 51% 51% Coco Cola . • 149 Conti Can 66% 65% 66 65% Cert a In teed 13 12% 12*/* 13% Croslev . 19% Congoieum 17 16% 16% 17% Curtiss W .... 11% IP, 11% 11% Davidson Chem. 38’, 38V* 38’% 38% Dupont 125 125 125 126% Famous Players 69% 68'% 68% 69% Gen Asphalt ... 55% 55 55 54% Fox A -33% 33% 33% 337, Gold Dust 43 Vi 43 43 43 GUtlden 36 35% 35',i 35 Int Harvester .. 93% 93% 93% 93% Kelvinator 16% 15 16% 14'% Lambert 103% 103% 108% 30.87, Loews 70 69% 69% 69 Va Mav Stores .... 54 54 54 Kofster 3% 3'% 3% 3% Montgom Ward. 45% 45% 45% 44% Natl C R 74% 74 74 73% Radio Keith ... 32V* 31% 31’, 32 Owens Bo:tie .. 60% Radio Corp ... 50 49% 49 V* 50 Real Silk 38’, 58** 58% 58% Rem Rand 39 48** 48*-* 48 v > Sears Roebuck. 90 89‘ 90% 90% Union Carbide.. 92% 89% 90% 92%, Warner Bros .. 69 67% 67% 68% Un Air Craft... 64 63% 63% 64% Univ Pipe 4% U S Cs It Pipe 31% U S Indus Alco 119% 118% 119% llS’* Woplworth Cos.. 65 65 65 65'* Utilities— Am Tel Sc Tel 243% 242 241 s , 2417:, Am Pr & Lt 102% 102 102% 101% Eng Pub Serv.. 56 '55% 55% 56% Am For Power.. 94 91% 91% 93% Am Wat Wks... 110 109 109% 111 Gen Pub Serv.. 45*4 45% < 15% 45% Col G A E 94*8 93% 94% 93 Consol Gas 121% 120'% 120% 119% Elec Power & Lt 70% 68 s , 70% 68 Int T * T 69** 68% 68% 69% Nor Amer Cos 119 117% 118 119% Pac Lights 93V, 93’, 23% 93% Pub Sen N J.. 98 3 , 97% 9 g 98 So Cal Edison.. 62% 62 62 61% Std Gas & E1..124’,* 123% 123% 123% United Corp 42 41% 41% 38% Utilities Power.. 38% 38% 38% 38%; United G & Imp 39’* 39% 39% 39% West Union Tel 217% 217% 217% 217% Shipping— Am Inti Corp.. 46% 45% 46% 46% Am Ship & Com 2% 2% 2% 2 At! Gulf & W I 70 70 70 71 Inti Mer M pfd 25 26 26 United Fruit 95% 95 95 96 Foods— Cudahy 45% 45'- 45% 45% Beechnut Pke . 65** 65*> 65** 65*0 California Pkg.. . . ... ... . 75 Canada Dry... 73% 73V 73% 72% Corn Products.. 94 93% 94% 94’ Cor.t Bak • A•.. 44 43"* 43% 44 Borden 66*8 66% 66% 67** Cuban Am Sug 8 8 8 Grand Union .... ... ... 19 Grand Union pfd 39% Jewel Tea 52 52 52 51’., Kraft Cheese ... 48 47% 47’, 48 Kroger 39 * 38’, 38% 38% Loose-Wiles .... 62% 62% 62% 61% Natl BiscAiit 51% Natl Dairv 50% 50 50 Purttv Bak . 83% 82% 82% 83%

On Commission Row

Fruits Apples—Delicious, box extra fnncv. $4.25: fancy. $4; Baldwins. $2.50; Grimes Golden 52.50';i 2 75: Northern Spies. $2.25; Winesap. $2.25 ff 2.50 Cranberries—-Box of 25 lbs.. SB. Grapefruit— Florida. $4.75 ' 5.25. Grapes—California Alemeria. $3.75; Emperors. keg. $6. Lemons—California a crate. $5 75K6.25. Limes—Jamaica. $2 50 a hundred. Oranges—California navals. $4.753 7.25. Strawberries—4s'<tsoc a ouart. Vegetables Beans—Florida. $4 i? 4.50 a hamper. Beets—Texas. $3 50 a crate Cabbage— New. 5 ! 2 0e a pound. Celerv—Florida. $3 2544 3 75 a crate Cauliflower—Colorado. $1.90 a crate. Cucumbers—Florida. $3,503 4 a crate. Eggplant—Sl.7sst2 a dozen. Kale—Spring 90c to $1 a bushel Lettuce—California Iceberg. $3.50(<?4.00 a crate; home grown leaf, a bushel. sl.soy> 1.65. Onions—lndiana yellow. $2 25<>i2.50 a 100-lb bag white. $2 50 a 50-lb. bag Parsley —Home grown. 50c doz. Peas—California. 45-!b. crate. $55155© Peppers—Florida, a crate. $7.50. Potatoes—Wisconsin. sa.4o a 150-ib. bag Minnesota. $3.10 a 100-!b. bag: Red River Chios. 120 .bs.. $3 75 {*5.85: Idaho Russet.ii 74 a '.OO-lb bss New Potatoes Florida Cobblers. 50-iti erst*. $3.00: Texas Red. 100-lt bag. $6 50. Sweet Potatoes Nancv Hal's. $1 75 a hamper; Opossum brand. Indiana tersevs. $3.00 per bu. RhubaiU—Home grown hothouse. 6-lb bunch. 65c. Sassafras—lndiana. SOe a doz Radishes—Home grown button. 85c doz. Mustard—Home grown. $1.50 a bushel. Cucumbers—Home grows. *1.75'2.00.

Loft 39% 38% 38% 41% Oen Foods .... 51% 51% 51% 51% Standard Bands 26 25% 25% 36 Tobaccos— Am Sumatra... 24 22-* 24 22’a Am Tob B 244 % 244% 244% 244% Con Cigars 53% 53 V* 53% 52% Lig Sc Myers... .106% 104% 104% 104% Lorillard 27** 26% 27% 26% R J Reynolds . 55% 55% 55% 55% United Cigar St 6% 6% 6% 6 Schulte Ret Sirs 9 8% 9 8% SELL SYSTEM ASSETS JUMP First American Company to Hit Four Billion Mark. Bp United Pres l NEW YORK, March 3.—The Bell Telephone system reached the $4,000.000.000 class’ today. Its assets as of Dec. 31. 1929, were $4,228,430.083, as compared with $3,826,633,584 at the end of 1928, making this the first time in American financial history that any company has touched the four billion mark in assets. The Bell assets were set forth in the annual report of the American Telephone and Telegraph Company issued today. American Telephone set anew record in earnings in 1929 with net income of $166,189,757.72, against 51'3.170,491.33 in 1928. After deducting dividends the 1929 net was equivalent to $12.67 a share on 13,113,746 shares of stock outstanding, against $12.11 a share on 11,823,745 shares outstanding at the end of 1928.

Indianapolis Stocks

—March 3 Bid Ask. Amer Central Life Ins C0..1,000 Beit R R Sc S Yds Cos com.. 61 64 Belt R R Sc S Yds Cos pref. . . 55 60% Bobbs-Merrill Cos 29% 33% •Central Indiana Pow Cos pref 90 95 Circle Theater Cos common ... 105% ... Citizens Gas Cos common 27 •Citizens Gas Cos pfd 96 100 •Commonwealth L Cos pf V7c.. 97 Commonwealth L Cos pf 8%.. 98’% ... Hook Drug Cos. common new.. 23 ... Ind Hotel Cos Ciaypool com... 125 Indiana Hotel Cos pref 100 ... •Indiana Service Corp#pref 80 Indianapolis Gas Cos common. 56% 61% Indpls Power & Lt Cos pfd....103% iOS Indpls Pub Welf Loan As com 50 Indpls St Ry Cos pfd 29% 3! Indianapolis Water Cos pfd. .. 97 Interstate U S Cos pr 6% L of 87% 91 Interstate P S Cos pr 7% L pf.lol 103 •Metro Loan Cos 98 Northern Ind Pub 6% co pfd 96 100 Northern Ind Pub 7% Cos pfd.lo4 106** Progress Laundry Cos. common 46’i 49 E Raub & Sons Fer. Cos pfd.. 50 Real Silk Hosiery M, Inc. pfd 90 Sharebo'ders In restors Cos ... 24 Standard Oil Cos of Ind 50”* 'Terre Haute Trac & L Cos pfd 70 Union Title Cos common .... 42 50 Van Camp Prod Cos Ist pfd.. .. 98 Van Camp Prod Cos 2nd pfd . , 98 •Ex-Dividend. —BONDS— Belt R. R & Stock Cos 4s ..... 90 Central Indiana Gas Cos 55... 98 Central Ind Power Cos 6r. .... 98% ... Citizens Gas Cos 55.... 101 Citizens Street, Railroad 55.. 46% ... Garv St Rv Ist 5s 71 Home T Sc T of Ft. Wayne 65.101% . Ind Northern Trac Cos 5s ... 3 6 Ind Ry St Light Cos 5s .... 95 Indiana Service Corpn 5s ... 85 Indpls Power and Light Cos 5s 9G% 98 Indiana Union Trac Cos 5s ... 5 Indpls Col & So Trac 6.S 96 100 Indianapolis Gas Cos 5s 98Vi 100 Indpls Sc Mart Rapid T Cos 5s 20 Indpls No Trac Cos 5s 9% 13% Indpls North Western Cos 55.. 20 Indpls Street Rv 4s 42 % 46 Indpls Trac & Ter Cos 5s 93’4 94Vi Indpls Union Rv 5s 100% ... Indpls Water Cos 5%s 101 Indpls Water Cos 5s 92 Indpls Water Cos lien Sc, ret. 92 Indpls Water 4%s 91% 93 Indpls Water W Sec Cos ss. 34 Interstate Pub Serv Cos 6%5...10t ... Interstate Public Service Cos 5s 97'% Interstate Pub Serv Cos 4'.-is.. 88% ... No Ind Pub Serv Cos 5s 98 Mo Ind Telegraph Cos 6s 96% T H Ind & East Trac Cos 5s T H Trac & Light Cos 5s 87% ... Union Trac of Ind Cos 6s .... 17 22 JOBLESS INCREASING Labor Federation Reports Employment Figures, lit/ L ntted Press WASHINGTON, March 3.—Widespread publicity of Communist plants for unemployment demonstrations throughout the world, March 6, coincided today with reports from the American Federation of Labor that unemployment had increased in twenty-four American cities. The federation said building trades were affected most seriously. Plans for the Communist demonstration Ws~ employed and unemployed persons appeared in the Communist press several days ago, and are familiar to American officials through these publications. Communist papers estimated 17,000.000 persons unemployed throughout the world, of whom 6.000,000 were said to be Americans. This is considerably in excess of other estimates of American unemployment. SEEKS COUNTY POST Harris to Be Candidate for Treasurer Nomination, Charles O. Harris, 63. employe in the county treasurer's office since 1900, today announced his candidacy for the Republican nomination for county treasurer. Harris has held every post in the office, and since 1918 has been chief deputy treasurer under six administrations Harris devised what nationally is known among county financial officials as the "double receipt" system of handling tax bills. He created the system in 1912. when delegated to make a survey of tax receipts management in mid-west cities. Pledge to devote himself to the betterment of service in the treasurer's office regardless of politics was made by Harris.

Investment Trusts

March 3 Am Founders nev 27% 28% Basic Industc Shares 8% 9% Corporate Trust Shares 9 9% Fixed Trus- Shares A 21 Fix Trust Shares B 18% Investment Trust of N Y 11% 12 Leaders of Industry 11% 12 No Am Trust Shares 9% 10 Power .fc Llsht Sec Trust.... 61 64 Reybam A: Cos 13 14% Standard Oil Trust Shares... 10% 11% S W Straus Inv Units . . 52 58 Trust" Stat'dard O;! Shares.. 10% 11 % U S Elec Lt Sc Pov Shares A 39** 42** U 7!!! Sheen—.l% %f* OSEh Sweden's Queen Is Improved ftp l niti and Press ROME. March 3.—The queen of Sweden who is critically ill. showed improvement today after a bad night.

THE INDIANAPOLIS TIMES

HOGS RECOVER PART OF LAST WEEHLOSSES Cattle Steady to Strong; All Classes Scarce; Sheep Weak. i Peb. Bulk. Top. Receipts. : 24. ti 1.15911-65 *11.75 4.500 | 25. 11.50 11.50 5.000 26. 10.75*211.30 11.30 1.300 27. 11.150>11.70 11.70 3.500 | 28. [email protected] 11.50 7.000 i March. I. 10:55011.15 11.15 4.000 3. 10.55011.15 11.40 3,500 Hogs regained part of last week’s ! decline at the Union Stockyards today, prices ranging 15 to 25 cents higher than Saturday’s average. The bulk, 150 to 275 pounds, sold for $10.70 to $11.40: top price was $11.40. | Receipts were 3,500, holdover 619. Cattle were steady to strong, all i classes scarce. Receipts were 550. I Calf receipts were 300, prices steady on veals at sl4 down. Sentiment was lower on sheep today. Receipts were 100. Chicago hog receipts were 45,000, including 10,000 direct. Holdovers were 2,000. Today’s market opened 15 to 25 cents higher than Saturday’s average. A few loads of choice 170-to-200-pound weights brought $11.25 to $11.40: choice 210-to-225-pounders sold at $11.15 to $11.25. Cattle receipts were 12,000, I sheep 21,000, I —Hogs— Receipts, 3.500: market, lower. Heavies, 300 lbs. up $10.00010.50 250-300 lbs 10.50# 10.80 Med. wts. 225-250 lbs 10.90fe11.05 200-225 lbs 11.15fe 11.25 Light wts., 160-200 lbs 11.40 Light Its.. 130-160 lbs 10.50# 11.00 1 Light Wts., 160-200 lbs 9.50010.25 Packing sows 8.25fe 9.05 -CattleReceipts, 550; market, steady. Beef steers. 1,100-1.500 lbs.. good and choice $11.75014.50 Common and medium 9.00® 11.75 Feed steers, 1.100 lbs. down, good and choice 12.000 14.75 Common and medium [email protected] Heifers. 850 lbs. down, good and choice [email protected] Common and medium 7.000/11.00 Cows, good and choice B.oofe 9.50 Common and medium 6.00® 8.00 Lower cutter and cutters .... 4.50® 6.00 Stocker and feeder steers. good and choice 9.50011.25 Common and medium 6.50® 9.50 —Veals— Receipts. 300; market, lower. Medium and choice $10.00014.00 i Cull and common 6.00® 10.00 —Sheep— Receipts. 100: market, steady. ! Lambs, good and choice $ 9.500 10.25 j Common and medium 7.50® 9.50 j Ewes, medium to choice 4.25® 5.50 i Cull and common 2.00@ 4.25 Other Livestock | Bp United Press | CHICAGO. March 9.—Hogs—Receipts, | 45.000; Including 12.000 direct; market j opening 15 0 25c higher on hogs scaling un- | der 220 lbs.; bulk of these w’eights sold at i the advance; later market, steady with Sat- | urday; top. $11.40 paid earlv on 160-190-i lb. weights; butchers, medium to choice, i 250-350 lbs.. $9.85010.70; 200-250 lbs.. $10.40 j 011.40; 160-200 lbs.. [email protected]; 130-160 I lbs.. slo®Tl.2f>; packing sows, $8.5(0 9.65; i Pigs, medium to choice, 9-130 lbs., S9O. I 10.75. Cattle—Receipts. 12,000; calves, 2.500: i general trade steady to 25c higher, fairly ! active; small receipts the principal stimui lating factor; largely steer run; top, $15.40; : slaughter classes, steers, good and choice. I '3OO-1500 lbs.. sl3 0 15; 1100-1300 lbs.. $12.90 015.50: 950-1100 lbs.. $12.90015.75; common and medium, 850 lbs. up, $8.75®12.90: fed yearlings, good and choice. 750-950 lbs.. $12,750 15.75; heifers, good and choice, 850 lbs. down. [email protected]; common and medium. $34; 11.75; cows, good and choice. $7.50 0 10.25; common and medium. $5.50® 7,50; iow cutter and cutters. $4.2505.50; bulls, good and choice, beef. $7.7509; cutter to medium. $6.50®8.25; vealers. milk fed. good and choice. $9.750 14; medium, $8.7509.75; cull and common. $7®8.75: stockers and feeders, steers, good and choice, all weights. $10.750 11.75; common and medium. $8.25010.75. Sheep—Receipts, 21,000; market, opened slow, steady to strong, spots 25c higher: early bulk light iambs. $10.25010.75; top to outsiders, $11.25: fat ewes, steady at $5.75 down; feeding lambs, slow; lambs, good and choice, 92 lbs. dow-n. SIOO 11.25: medium. 59.500 10.25: cull and common, $8.500 9.50: medium to choice. 92-100 lbs. down, $3.73 0 10.75; ewes, medium t.o choice. 150 lbs. ■ down. $4.500 5.75: cull and common. $241, ' 4.75; feeder lambs, good and choice, $9.25 | fe10.25. Bp United Press CLEVELAND. March 3.-Hogs—Receipts. 4,500; holdovers. 143; 100,20 c, spots 25c higher, 150-260 lbs., mixtures, $11,350 11. pigs, $11; rough SOW’S. $9; stags. $7. Cattle—Receipts. 650; steers. 25®50c higher; common to medium kind, $lO 50®; 12; other classes sharing part- of advance: scattered good cows, upward to 38.50: cutter grades, $4@5,75 or better, sausage bulls $7.50(0 8.25. Calves—Receipts. 900; vealers mostly 50c lower; better grades largely sl6 dowm; top. $16.50; common to | medium around $12,500,14. Sheep—Rei ceipts. 2,300; weak to 25c or more lower; desirable wool lambs. $10.50011: clippers, $10.50 down; good fat ewes, $5.500,6. Bp United Press PITTSBURGH. March 3.—Hogs Receipts, 4,200; market 10® 15c. higtier; 150220 lbs., $11.80011.85 . 230-260 lbs.. $11.50 011.65; 270-300 lbs., [email protected]; 100-130 lbs.. sll® 11.25: sows. $909.75. CattleReceipts. 750; market steady to weak; spots 25c lower than week earlier; top heavy steers, $13.50; bulk, all weights, $lO 013.25; most fat cows. $6.5008; few heifers, $7.500 11; few helfer% $7.50® VI: bulls, $709.50. Calves- Receipts, 600; nurket steady; top vealers. $15.50. Sheep —Receipts. 1.800; market steadv to strong; choice handyweight wooled lambs, $11.25; clippers, slo® 10.50. pjt Ti me s Rp ec! a l LOUISVILLE, March B—Hogs—Receipts. 2.200: market, steady to 20c higher: 220 lbs. up. $10.65: 165-225 lbs.. $11.35; 130-16a I lbs., $10.55; 130 lbs. down. $8.65: roughs. ! $3.25; stags. $7.65. Cattle—Receipts. 900; ! market, .mostly steady: prime heavy steers. ; $11012; heavy shipping steers. $10@11; : medium and plain steers. $8,500:10; fat heifers. $8012; good to choice cows. $6.50 08: medium to good cows. $5.5006.50; 'cutters $5 0 5.50; ranners. $3.500 4.75; bulls. 'sßo 0.50; feeders, SB4/10.75; stockers. $7.50 10 10 50. Calves—Receipts. 600; market, steady; tops. sl2; good to choice. $10.50® '2' medium to good. $8.500 10.50: outs. $7.50 down. Sheep—Receipts. 50: market, steady, ewes and wethers. slo® 10.50: buck 1 lambs. S9O 9.50: seconds. S6O 7.50; sheep. :$4 50® 5.50. Saturday and Sundays ship- : ments —Cattle. 33; calves, 390; hogs, 74; : sheep, 422. _____ tin United Press EAST BUFFALO. N. Y.. March 3.- Hogs —Receipts. 6.400: holdovers. 1,000; rather .Tow. shippers inactive 160-200 lbs.. 15® ?5c over Saturday's average: bulk. $11.75. few $11.85- 230-260 lbs. *ll® 11.60: 10180 lbs. down. [email protected]; packing sows. (9 0 9.75. Cattle—Receipts. 1.150: fed steers -nci yearlings active 25c to mostly 50c higher general duality plain: good steers • and vearlings. $12.75S 13.50; bulk medium ! end short, feds. $11.25012.75; fat cows, s7 50® 8.25; cutter grades. $3.5006. Calves —Receipts. 1.400: vealers unchanged, i -15.50 down. Sheen—Receipts. 8.000: lambs relive, fully 7s' and higher: demand im- ; yoved- good to choice 87 lbs. down, sllo' '1.25; 90-95 1b... $lO 250 10.75; medium and j strong weights, $9.250.10.25. Bv I'nited Press TOLEDO. O March 3.—Hogs—Receipts. ! 550: markt . 25-35 c higher; heavies. $10.50 '■ 010.73; mediums. [email protected]: yorker*. $10,500 10 75; pigs. SIOO 10.75. Cattle —Receipts. 100; market steady to 25c higher, calves—P-eceipts. light; market, steady; i Sheep—Receipts, light: market, lower. P,n T utted Press EAST ST. LOUIS TIT., March 3.—Hogs— Receipts. 15.0*0; market, slow, opened 15 - 2?c higher: earlv sa'es, 160-210 lbs.. 511.20 i 11.35 packing sows. $9.2? '•> 9.40. Cattle i —p.-r.-ipts, 3.200: calves. 1.300: market. . steady to weak on steers; other classes about steady veale-s steady to lower at ' $13.75 and sl4- mixed vecriings and heifers M'.500 12.25. Sheep—Receipts, 3.800; rr.ar- ; ket slow; indications steady to weak on lambs. Bn United Press CINCINNATI. March 3.—Hogs—Receipts. 6.1C0. includine 3,800 direct; held over. 240: active. lon 25c higher; bulk good and choice. 170-230 lbs,, $11.40® 11.50; few 240250 lbs.. sll 25; around 270 lbs.. $11: bulk 120-160 lbs. $11: lich’er pics. $10.25 down; . sows. bulk. 58.7? r r9. Ca't’.c —Receipts i X 000' calves. 275: handy weight slaughter Geers and heifers, steady .o .strong: spots her; other ste-dv: good around 1.000puond vearlings. sl3: few 500-700 noun’!. •13 bulk 1.103-1.200-POund sters. 5110 12: bulk 600-7.-,0-lb. heifers. $10.50012: beef i cews. 56.75 08. few higher; low cutters and cutters. $4.75®6.25; bulls bulk. s7© i R. 50: vealers, strong to 50c higher: top. 1*14.50: bulk. SIOO 12.50. Sheep—Receipts. 350; steady; desirable lightweight lambs. $10@11: common and medium. $7.00®9; god light ewes around $5.50.

Business —and— Finance

The proposed merging of the Fro-phy-lac-tic Brush Company of Massachusetts with the Lambert Company has been approved bv a vote of approximately 90 pet cent of ihe outstanding stock George H. Burr, chairman of the Prolphy-lac-tic Brush Company, announced Saturday. For the purpose of carrying out the consolidation all of the assets of the Massachusetts company have been transferred to the newly organize Pro-phy-lac-tic Brush Company of Delaware, which is 100 per cent owned by The Lambert Company. Asa result of the action of stockholders the Delaware company has now taken over control of the' property. For the twelfth consecutive year substantial growth Is reflected in the annual report of the City Ice Sc Fuel Company. which operates a chain of 129 plants in twenty-three states and Canada. Sales in 1929 were $27,592,429. an increase of 16.7 pee" cent over the previous year. Net profits after all charges were $6,956,673, an increase of $1,219,879. or 25 per cent over 1928. which after payment of preferred dividends leaves net profit available for common stock of $4.69 per share as compared with $4.47 In the year previous. CHICAGO. March 3.—North American Car Corporation had the largest February business In the history of the company E R. Brigham, president, announced Saturday. The average number of cars in operation during the month was 8.860, compared with 5.1e0 in February of 1929, an increase of 3,700 cars or over 71 per cent. The total for February, 1930, includes approximately 600 foreign cars in addition to those owned by the company. American Commercial Alcohol Corporation and subsidiaries, second largest producers of alcohol in the country, report for the year ended Dec. 3!, 1929, after all charges including provision for federal income tax, consolidated net earnings of $1,395,716 After dividends on preferred stock since retired, a balance of $1,252,088 available for common dividends was equivalent, on the average of 261.924 shares outstanding during the year, to $4.78 per shara. CHlCAGO—Directors of Borg-Warner Corporation declared the regular quarterly dividends of $1 per share on the common stock and $1.75 per share on the preferred. Both dividends ore payable April 1, to stockholders of record March 15. Real Silk Hosiery Mills. Inc. today reported that their sales for February are running approximately 20 per cent ahead of those for February. 1929, and that the outlook for the rest of the year Is satisfactory. CHICAGO. March 3.—More than 30 per cent increase in the number of distribution points for the Rendix-Cowd-rey Brake Tester, Inc., subsidiary of Bendlx Aviation Corporation, are expected to be effected within the next forty-five days. This was announced by F. W. Parks, president of the company. The plan for launching these new distribution outlets will be given aid by other Bendix subsidiaries. CHICAGO. March 3.—Eighteen planes were sold at retail and seventy-two sold to dealers bv Stinson Aircraft Corporation. division’ of Cord Corporation, during the International Aircraft, Exhibition at St. Louis, it was announced late Saturday. CHICAGO, March 3.—During February, six locations of Scott Stores. Inc., subsidiary of Butler Brothers of Chicago, have been opened. These bring the total to forty-eight, with thirty additional leases signed. The new stores are located in Chicago. St. Paul. Bine Island. 111.; Laurens, S. C.; Spencer, la., and Eagle Grove, la. Increased domestic consumption of electrical energy during 1929 was attended by an average decrease in the cost per unit, according to a statement issued by the statistical research department of the National Electric Light Association.

Produce Markets

Eggs (country run'—Loss off. delivered in Indianapolis, 20c; henery quality. No. 1. 23c ■ No 2 19c Poultry ’(buying prices'—Hens, weighing 4% lbs. or over, 24c; under 4% lbs., 23c; Leghorn hens, 22c: springers, 4 lbs. or over. 21c; under 4% lbs., 21c; broilers. 1930, 25c; old cooks, 12015 c; capons. 8% lb. or over. 30c; capons. 7% lbs. or over, 27c; capons and slips 5 lbs. and over, 25c; capons. 8 lbs. and under, 23c; ducks, full feathered, fat. whites, 14c; geese, 10c. These prices are for No. I top qualify, quoted by Kingan & Cos. Butter (wholesale) —No. 1,390.40 c; No. 2,37048 c. Butter —34c. Cheese (wholesale selling price per pound)--American loaf. 31c; pimento loaf. 33c; Wisconsin firsts. 27c; Longhorns, 24c; New York limberger, 36c. Bv United Press CHICAGO. March B.—Eggs—Market steaay; receipts. 23,653 cases extra firsts. 23% 0 24c; firsts. 24c; ordinaries, 22023 c; seconds, 20c. Butter - Market firm; receipts, 10,548 tubs; extras. 33%c: extra firsts, 32‘-0 33c; firsts, 300 31c; seconds. 29 in 30c; standards, 33%c. Poultry—Market firm; receipts. 1 car: fowls. 24%e; springers 29c: Leghorns. 24c; ducks. 20fe220/ geese. 140 16c: turkeys. 25c: roosters. 20c; broilers. 36®38c; stags. 24%c. Cheese Twins 19% 0 20c; young Americas. 21c. Potatoes—On track. 257: arrivals. ’O2; shipments. 881; market firm on northern, .steady on western scr.’-ts: .t sacked round whites. <2. J o<r/ 2.60; ivTmnesola and North Dakota sacked round whites, $2.35; Idaho sacked russets. 52.9a @320. By United Press NEW YORK. March 3.—Flour—Quiet and firm; spring patents, $6.10 0 6.60. Pork — Quiet: mess. $29.50. Lard—Easier; middle west spot. $10.900 11. Hallow—Quiet; specifll to extra, 6 3 R r u6?8C. Potatoes—Dull and weak; Long Island. $lO 6: Southern, S2O, 2.63 per crate; state. $3.500 7-35; M-'ne. $1.750 5 barrel: Bermuda, $5012. Sweet potatoes—Steady; Sauthern. basset. sl.ii"1.60: Southern, barrel. $2.50 03; Jersey basket. 50c052.60. Dressed poultry—Quiet; turkeys. 27#42c; chickens, 18 0 40c; capons, 28 0 44c- fowls. 170 30c; ducks. Long Island. 23 0 25c. Live poultry—Firm: geese. 13fe 18c; ducks. 140.26 c; fowls. 330.35 c; turkeys. 250 42c: roosters. 18019'.': chickens, 23026 c: capons, 260 42c; broilers, 30 a 4ae. Cheese—Steady; state whole milk, fancy to special. 24026 c; young America, 22@25c. Bv United Press CINCINNATI. March 3.—Butter— Steady; creamery in tubs, according to score, 34.® 35c; common score discounted 20 3c; packing stock No. 1,22 c: No. 2. 18c; No. 3. 13c; butterfat. 31 "33c. Fggs—Lower; cases, included: freSh gathered. 28 %c; firsts. 22%c; seconds. 21%c: nearby ungraded. 22%c; duck eggs. 32c; goose. 41. Lire poultry—Thin and coarse stock sens onlv at heavy discount: fowls, 5 lbs. ana over 25c: 4 lbs. and over. 27c; 3 lbs. and over. 27c: Leghorns. 3 lbs. and over. 2,5 c; roosters. 18c; stags. 23c; capons 8 ios. and over. 35c: under 8 lbs.. 33c; s.ips, 21c, fryers, colored over 3 lbs., 36c; 2 lbs. and over 36c: broilers. 1% lbs. and over. 38c; 1% lbs and over. 33c; Leghorn brokers, 1% lbs. and over. 30c.: roasting chickens, 4 lbs. and over, 30c; black springers, 23c. Bp United Press CLEVELAND. March B.—Produce: But-ter-Extras. 37'ic; extra firsts, 37%c. Eggs —Extras. 26c: firsts. 25c. Poultry—Fowls, 28**0 29c: medium. 31c: Leghorn. 26027 c: heavy springers. 29c: Leghorn springers. 180 20c: ducks. 200 25c: old c o cks, l? 0 : geese 150 20c; stags. 23c. Potatoes—Ohio. $4 ner 150-lb. sack; New York. $3,850 4.00 per 150-lb. sack; Maine green ML. $4 15; 4 40 per 150-lb. sack. Idaho Russets. s3.Bofe 4.15 per 100-lb. RAILROAD MEN WILL DISCUSS MERGER TERMS Commi.ss’ons Decision on Burlington Held Responsible. Bp Unfed Press NEW YORK, March 3.—Representatives of the Great Northern, the Northern Pacific and the Chicago Burlington and Quincy railroads are expected to meet this week to discuss the interstate commerce commission’s decision to severe the Burlington from the Great Northern Pacific is consummated. No date has bean set and as no rc flar meetings of either of these" roads is scheduled, the exact date of the meeting is unknown. The northerns are unwilling to part with Burlington unless some arrangement for their entry into Chicago is made.

JANUARY SALES SNOW INCREASE IN FARM TRADE Indications Point to Gas War in East; Steel Output Off. Bp United Press NEW YORK. March 3.—Business conditions in the United States during the past week remained highly irregular, despite growing confidence for the future, according to reports from authorities in various federal reserve centers. Due largely to continued unsettlement in the commodity markets and to further unseasonable weather conditions, trade and industry have been mixed this week. Signs of slackening in steel output, the first since the start of the year, have also clouded the situation. Various federal reserve banks report that January business was better than December, but below the same period last year. These estimates were confirmed by railroad earning statements published during the week. The first sixty-seven railroads in the country to report January earnings had a net operating income of $49,261,000. A decrease of 27.6 per cent from the January, 1929, aggregate. Car loadings have been below a year ago. Stocks Unsettled The cotton and wheat markets, while again unsettled by heavy liquidation, showed signs of improving as a result of support furnished these markets by the Federal Farm board. The stock market was unsettled by erratic gyrations in the commodity markets, but rallied late in the w : e?k with the improvement in grains. Stocks in general showed marked resistance to bearish attacks and little liquidation has developed Even the announcement by the Morgan banking pool, that it had liquidated stocks bought for support purposes in last . autumn’s break, failed to unsettle the market. Steel news was somewhat disappointing. After gradually stepping up production, major producers reduced their operations 2 per cent and are currently operating around 80 per cent of capacity. Most of the business is benig done by middle west producers. Agriculture Up Reports that declining agricultural prices were lowering the farm purchasing power were not borne out by reports from sixty-one farm equipment companies, who reported January sales about 30 per cent above the same period of last year. Another index of farm purchasing power, mail order sales, showed small increases in February over the corresponding period, of last year. Asa result of the declining prices for cotton, considerable unsettlement has developed in the cotton textile industry and trade is slow. Unemployment, is general In textile sections but steps are being taken by the cotton textile institute to reduce working hours. Indications of a retail gasoline price war in the east and possibilities of another crude oil price cut in the mid-continent has obscured favorable developments in the petroleum industry. State-wide curtailment of production at virtually 100 per cent is effective today in California, while several important merger plans are expected to be announced soon.

The Most Stable of all the Major Industries offers an unusual opportunity at this time for conservative, long-time investment United States Electric Light and Power Shares, Inc. 'Trust-Certificates, Series B Current Market $11.50 per share (subject to change) are secured by deposit, with Central Hanover Bank and Trust Company of New York, of common stocks of electric light and power companies which serve over Two HUNDRED of the largest cities —operate in EVERY STATE in the country —serve more than NINETY-ONE MILLION of the population —combined, produce over EIGHTY PERCENT of light and power of the United States. Further Details on Requests Fletcher American Company

The City in Brief

TUESDAY EVENTS Indianapolis Homo Garden Institute. Tomlinson hall, all day. Rotarv Club luncheon. Ciaypool. Mercator Club luncheon, Columbia Club. Gyro Club luncheon, Splnk-Arms. American Chemical Society luncheon. Chamber of Commerce. Universal Club luncheon, Columbia Cl9b. Phi Gamma Delta lun‘heon. Chamber of Commerce. University of Michigan Alumni luncheon. Lincoln. Alliance Francaise luncheon, SpinkArms. North Side Exchange Club luncheon. 3813 Colleee avenue. Indianapolis Medical Society meeting. Athenaeum. 8 p. m. Younx Democrats Club meeting, Lincoln. 8 p. m Indianapolis Republican Veterans. Inc., luncheon, Board of Trade. The Indianapolis Home Builders' Ascociation today announced selection of a lot in Wynnedale addition as the site of the early American type home that will feature the ninth annual home complete exposition of the Indianapolis Real Estate Board, April 5 to 12. Corporal James Alfred Harris, 3218 West Washington street. United States marine, has been awarded a proficiency diploma in the railway station agent’s course of the marine corps institute at Washington. Dr. J. E. Gibson, state representative of the department of agriculture, will speak Wednesday at the Lions Club luncheon at the Lincoln. Wrecking a oar stolen Feb. 15 from George Craft. 150 North Delaware street, a youth fled the scene at Twenty-fourth street and Ashland avenue Sunday night. The stolen car crashed into a car driven by Robert Marshall, 16, of 5679 Washington boulevard. Marshall was not injured. The Ladies Aid Society of tlie Second Reformed church. Eleventh and Shelby streets, will give a dinner from 11:30 a. m. until 1 p. m. Tuesday. K. E. (Uncle Bobl Roberts was gupst of honor at a dinner Saturday marking his fiftieth anniversary as a Marmon employe. G. M. Williams, Marmon president, presented him with a gold watch and purse of gold. A $30,000 ‘’Lubridome,’* for gas and oil service to automobiles, will be constructed on the northwest corner of Eighteenth and Meridian streets by the Pure Oil Company, which has obtained a twenty-year lease on the property. Dr. A. R. Hatton, head of the political science department of Northwestern university, will be the speaker at the annual banquet of the Franklin College Alumni Club of Indianapolis at the SpinkArms tonight. ‘The Abiding Thing* of Life” will be the subject of Dr. Stanley G. Coulter dean emeritus of Purdue university, at a Universal Club luncheon Tuesday at the Columbia Club. Reports of rases will be heard at the weekly meeting of the Indianapolis Medical Society Tuesday night in the Athenaeum. W. W. LefTler. Canton, metallurgist, of the Central Alloys Steel Corporation, will speak at a dinner of the Indianapolis chapter of the American Society for Stepl Treating, in the Chamber of Commerce Tuesday at 6:30 p. m. Girls Social Club of the Indiana School for the Blind will present a two-act play, “A Man’s Voice." in the school auditorium at 8 p. m. Friday.

PAGE 11

GRAINS SLUMP QUICKLY WHEN BUYING STOPS Farm Board Action Said to Be of Constructive Nature. Bv United Press CHICAGO. March 3. Prices crashed downward again as the Board of Trqde opened today, reverting strongly toward a price in line with the world's markets when artificial stimulus of the farm board’s loan levels were removed. Liverpool was very weak due to this action and increased Argentine offers, as well as pressure of liquidation from Marcli deliveries. Com and oats sagged with wheat. At the opening wheat was % to 2% cents down, corn was off % to % cent and oats was N to Is cent lower. Provisions were steady. Liverpool opened much lower than expected and continued to drop, being 1 to 114 cent lower at mid-afternoon. The action of the farm board in modifying its purchasing activities is viewed as constructive. as it recognizes the immense surplus and that the farm board’s prices were too high. Further. it brings the board into the open market on a par with the Board of Trade. Weather is much colder over the southwest, but no damage Is thought to have occurred. Trading in corn Is awaiting the private estimates of stock on the farms on March 1, which Is due today. One such report indicates a reserve around 13.000,000 bush < less than a year ago. which is as expected and may be a bullish factor. The situation in wheat Is so uncertain that it may affect corn. Oats closed last week when very strong on buying by cash interests. With the cold weather feeding is expected to increase and further strengthen the situation, unless the major grains become too unsettled, A private estimate of reserves on farms indicates a reduction of 175,000,000 bushels from last year. Chicago Grain Table - March 3 WHEAT— Prov. Hißh. Low. 12:00. close. Mav 1.14% 1.13% 1.14 1.16 July 1.12% 1.11 1.11 114% Sept 1.14% 1.13 1.13 1.16% CORN— Mnv 88 .87% .87% .88% •Tulv .90 89% .89% .90% Sept 90% .89% .89% .90 1 a OATS— May .447* .44 .44% .44’a July 44 .43% .48% .44% Sept 44 .43% .43’g .44% RYE— May .75% .74% .74% .76 July 77% .76** .76** .78 Sept 73% .78 .78 .79 LARD— May 10.77 10 72 10.75 10 70 July 11.00 10.95 11.00 10 95 Sept U. 17 11.15 rii Times Snceinl CHICAGO March 3.—Carlots: Wheat, 18; corn, 133; oats. 2. and barley. 11.

Local Wagon Wheat

City grain elevators are paying $1.05 for No. 2 red wheat and $l.01 for No. 2 hard wheat SPEAKS FOR HOME RULE Governor Roosevelt Recommends Preservation of State Rights. By United Press NEW YORK. March 3.—Speaking over a nation-wide network broadcast from station WJZ, Governor Franklin D. Roosevelt strongly recommended the preservation of home rule by the states if the United States is to continue on the principles of individual freedom on which it was founded.