Indianapolis Times, Volume 34, Number 277, Indianapolis, Marion County, 31 March 1922 Edition 02 — Page 10

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SOLID ISSUES EMBRACED IN STOCK DEALS Rails Take Lead, With Motors, Equipments and Steels Contenders. WHEAT IN RESPONSE Special to Indiana Daily Times and Philadelphia Public Ledger. BY MONITOR. NEW YORK, March 31—The stock marked developed along the lines of Impressive activity and strength. Around noon the market displayed particular buoyanee and special significance of the upward movement lay largely in the fact that it embraced group and issues of the more solid character. The rails again took the leadership of the market, although their supremacy was contested by some of the motors, equipments and steels. One event of an outside character, although having a collateral bearing on the general financial situation was the declaration by the Senate in favor of a 30 cent tariff on wheat, which is 3 cents above the recommendation of the House Committee on Ways -ad Means. The wheat market respeeded sharply to this news. The whole rail group moved forward, with activity shifting at times from one issue to another. Among the exceptional features of strength were advances in Reading, New York Central, Baltimore & Ohio, Lebigh Valley, Wabash “A” preferred and Toledo, St. Louis & Southwestern preferred. The steels and equipments enjoyed an outburst of strength, with Baldwin making anew high level. Bethlehem Steel “B” also worked into new high ground, while United States Steel and Midvale were around their best figures for the present upward movement. Among the motors, Studebaker and International Motors made new high levels. The buying of the latter stock was inspired by favorable reports concerning the demonstration of its chassis for passenger service on the New Haven railroad. The company also is the pre-emi-nent figure In the motor truck Industry, and its strong financial position Is a factor In its favor. The technical position of the market continues the subject of favorable comment. There Is as yet no evidence of an unwieldly long interest in weak hands, while pool operations are facilitated by the ease and abundance of money.—Copyright, 1922, by Public Ledger Company.

Local Stock Exchange

—March 31— STOCKS. Bid. Ask. Ind. By. A Light com 60 ... Ind. liy. & Light pfd 75 Ind pis. St. Ry 42% ... Ind pis. A N. W. pfd 00 Indnls. * S. E. pfd 00 T. H„ T. & L. pfd 69 T. H., 1. & E. com 5 T. H.. I. & E. pfd 15 U. T. of Ind. com ... 1 U .T. of Ind. Ist pfd 7 r. T. of Ind. 2d pfd 2 Advanee-Rumely Cos. pfd..; Advance-Rurnelv com ... Am. Central Life 195 Am. Creosoting pfd 94 P’t It K. com 67% ••• •Belt R. R. pfd 50 Centnrv Bldg. Cos. pfd 93% ... Citizens Gas Cos 20% ... City Service com 193 ... CUv Service Cos. pfd 58 ... Dodge Mfg. Cos. pfd 85 Home Brewing 45 Ind. Hotel Cos. com So Ind. Hotel Cos. pfd 98 Ind. Nat. Life Ins. Cos 2 Ind. Title Goaratce 71 Ind. PI-' Line 98 IndpP Abattoir pfd 46 Ind„.s. Gas 44% ... Indpls. Tel. pfd I-Ipls. Tel. com 7 er. Pub. Util, pfd 48 Nat. Motor Car Cos 3*4 Pub. Sav. Ins. Cos 4*4 ... Rauh For. pfd 47% ... Stand. Oil of Indiana 86% ... Sterling Fire Tns. Cos 7*4 ... Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd.... ... 101 Van Camp Prod. 2d pfd VandaliaCoalCo.com...... 1 ... Vardaiia Coal Cos. pfd 6*4 ... Wabash Ry. pfd 29% ... Wabash Ry. com 8% ... BONDS. Broad Ripple St 61 66 Citizens St. Ry. 5s 75 78 Indian Creek Coal & Mine 6s. ... 100 Ind. Coke & Gas 6s 86 Indpls. C. & S. 5s 91*4 ... Indpls. & North. 5s 38 43 Indpls. Sc Martlnsv. 55.. 60 ... Tndpls. A- N. W. 5s 48 Indpls. A- S. E. 5s 45 Indpls. Shelbyv. A S. E. 5s 75 Indpls St. Ry. 4s 62 T. H„ I. A E. Os 50 Citizens Gas 5s 86 Indpls. Gas 5s 85*4 ... Kokomo. M. A- W. 5s 84*4 ... Ind. Hotel Cos. 6s 96 Indpls. Water *s 94 96 Indpls. Water 4%s 81 Indpls. T. A- T 75*4 ... Tndp'i. L. A- 17 5s 86 88*4 IT. V. of Ind. 6s 46 Mev. H. & L. 5s 96 100 New ?el. L. D. ss. ... ..... 95 New Tel. Isi 6s 95 Son. Tel. Power 6s 86*4 91*4 •Ex-dividend. LIBERTY BONDS. Liberty first 3%s '9B 00 Liberty first 4%s 98.34 Liberty second 4%s 98.22 98.52 Liberty third 4%s 99 32 99.56 Liberty fourth 4%s 98.50 Victory 4%s 100 70 100.92 Victory 3%s 100 00 .....

In the Cotton Market

NEW YORK, March 21. —Trading was active at the start of the cotton market today, first prices being 2 to 7 points higher on buying by Japanese and New Orleans interests. The basis so- most of the buying was the unfaroral le weather in the Southwest. The chief selling was from the South. The list held steadily after the opening. New York opening prices; April, 17.90 ©lB 00c: May. 17.95 C; July. 17.40 c; October, 17.0Gc; December, 16.95 c; January, 16.90 c. The market was easier in the late dealings and closed steady at a net decline of four to nine points. —Cotton Futures— Open. Hjgh. Low. Close January 16.90 16.90 1676 16.76 May 17.98 18.08 17.89 17.92 July 17 40 17.48 17.28 17.31 October 17.06 17.11 10.73 16.94 December 16.98 17.00 IC.S7 16.87 —Cotton Review— NEW YORK. March 31.—A moderate bulge this morning was met with some hedge selling and sufficient profit taking to check the rising tendency, and brought about a moderate recession and should the weather in the South turn better, values might ease a little further. But the recessions will be met with trade buying again, because there is nothing in the existing situation to warrant the trade to enter into any forward contracts without being protected in the contract market. Our supplies are decreasing; 4he large spinners takings reported today Indicate another stx'.. rintial decrease In our visible and the new crop is just uncertain as ever. We therefore continue to suggest the advisability of limiting operations to the long side, buying during days of weakness. LIVERPOOL, March 31.—Cotton was In fair spot demand today. Prices were steady and sales around 8.000 bales. American middlings, fair. 12.24d: good middlings, 11.14d; fully middlings. 10.84d ; middlings. 10.69d; low, 9.84d; good ordiV*T> 8.80d: ordinary. 8.49d. Futures were steady.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —March 31. Prev. High Low Close Close Advance-Rumely 16*4 16)4 16)4 16)4 Ajax Rubber ... 17% 17 17% 17% Allied Chem 64)4 63% 64 63% AUis-Chalmers. 47% 46% 46% 46% Am. Beet Sug... 40 39 % 40 39% Am. Bosch Mag. 44*4 43% 4i 43% Am. Can 4S 46% 47% 47% Am. Car Fdy... 156% 155% 155% 153% Am. Ice 108% 107 107 107 Am. H. Sc L. pfd 69% 69% 69% 70 Am. Int. Corp... 44% 43% 43% 44% Am. Loco 111% 110% 111% 110% Am. Steel Fdy.. 37% 36)4 30% 37% Am. Smelt. Kef. 54 52% 03% 53)4 Am. Sug. Ref... 72% 71% 72% 71% Am. Sum. Tob.. 32% 32% 32% 32 Am Tel. & Tel. 121% 121 121% 120% Am. Tob J 37 136*4 136% 135% Am Woolen 88% 87% 88 87% Anaconda 51% 50% 51 51*% Atchison 97% 97% 97% 97 Atl. Coast Line. 95 94% 94% 94% Atl. Gif. Si W. I. 30% 29% 29% 30% Austin Nichols. 26% 26% 26% 26% Baldwin Loco. .112)* 110% 111% 111 B. Si 0 42 40% 31% 40% Beth. Steel (B). 75% 73% 74 74% Brk. Rap. Tran. 18 17% 17% 17% California Pete. 54 52% 52% 02% Can. l’ac. Ry..13i% 136% 136% 137% Central Leather. 37% 37 37 37% Chandler Motor 76% 73% 75% 73% C. & 0 63 62 62% 62% C M&StPcom. 23% 23 23% 23% CMAStPpfd. 38% 37% 37% 37% Chi. Si Xw 71% 71 71% 11% C-, R. I. & P... 41 40% 40% 40% CRIA-P.6 pc pf SO 79% 79% 79% CRI&P 7pc pf 93% 93 93% 93 Chill Copper... 17% 17% 17)4 17% Chino Copper .. 28. 28 28 27% Colurn. Gas 84% 83% 83% 84% Coca Cola 49% 48% 48% 48% Col. F. is 1 30% 30 30 % 30% Con. Gas 110% 108% 109% 109% Corn Prods 108% 106% 106% 106 Crucible Steel... 58 57 57 57 Cub. Am. Sugar 22% 22 22 22% Cut’. C. Sugar.. 15% 15 15), 15% Del. A Hudson. 118% 117% 117% Del. Si Lack.... 115% 115% 115% 116 Dome Mines.... 26 '.’5% 26 27% Erie 11% 11% 11% 11% Erie Ist pfd... 19% IS*, IS', 19% Endicott A J.. 81% 83% 83% 83 Fam. Plays 81% 80% 80% 80 Fisk Rub. Cos.. 17% 16% 17' 17% Gen. Asphalt . 61% 60 61 60% Gen. Cigars ... 69% 69 60% .... Gen. Electric .130% 156% 156% 156% Gen. Motors .. 10% 10% 10% 10% Goodrich 40% 30% 40% 39% Gt. North, pfd. 72% 72% 72% 7.3 tit. North. Ore 36% 36% 36% 36% Gulf States S.. 72 70% 70% 71 Hupp 16% 15% 16% 15% Houston Oil .. 76% 75% 75% 75% Illinois Central 103 1 *2% 102% In. Copper .... 4<>% 40% 40% 40% Inter Harv. ... 97% 96 97% 96 Inter. Nickel . 16% 10% 10% 10% Inter. Paper .. 47 46)4 16% 46% In. Oil 19% 18% 19 19*4 Kansas C. S. ... 28% 25% 25% 25% Kol . S. T. ... 46% 45% 45% 45% Kei.. . Copper . 30% 29% 30 29% Lac a. Steel .. 51% 49% 50% 49% Lee Tire A It. 31%. 53% 33% Lima Loco. ...112 110% 110% 111 Lehigh Valley.. 60% 59% 60 60% 1,. A N 11 115% 115% 116 Loew.3 inc 15% 15*4 15% 15% Martin-Parry .. 29% 28% 28% 28% Marine coin 17 16% 17 17 Marine pfd 73% 72 72% 72% May Mores 117*. 116 V, 116% 117% Mexican Petrol.l2l% 119% 120% 121% Middle St. 0i1... 3% 13 13% 13% Midvale Steel... 31% 33% 33% 34 M.-Pac. Ky 22 s, 22% 22% 22% M. Pc. Ky. pfd. 54% 53% 54% 54% Mont. A Ward. 17 16% 16% 17 Natl. Lead 91 90% 90% 90% Set. Con. Cop.. 15)4 14% 15% N. Y. Air Brk.. 08 64*4 66% 64 •X. Y. Central.. SS% 76% 86% 88% New Haven.... 21% 20% 30% 30% Norf. A West... 103% 103 103 103 North. Pacific.. 76% 75% 75% 76 Okl. Pro. A Ref. 2% r% 2% 2% Owen But. com. 32% 32 32 52 Pacific Oil 49% 49% 49% 49% Pan-Am. Pete.. 55% 54% 55 55% Penna. Ky 40 39% .39% .39% People's Gas... 83% 83% 83% 83% Pere Marquette 30 29% 29% 29% Pierce-Arrow... 17% 17*4 17% 17 Pierce Oil 9 S% 8% 8% Pultun. Pal Car. 124*4 122% 122% 124% Pure Oil 31% 31 31% 31% Ry. Steel Spgs. 9*% 98)4 98% I*B% Reading 76% 75 75 75% Itep. Irn. A St. 52% 52 52 % 52% Replogle Steel.. 31% .31 31 32 Ityl. Dch. N. Y. 54% 53% 54 54% Sears-Roebuck. 44% 72 % 74% 73% Sinclair 24% 24 24 24% Sloss-S. S. A I. 41 40 4t’ 41 South. Pacific.. S6T4 86% 86% 86% Southern Ky.. 23% 22% 22% 22% St. I- A BW. Ity. 29% 28% 28*, 29V, S. Oil of Ca 1.... 97% 97 97 % 97% S. Oil of N. .T. .174% 174% 174% 173% SLA S F com 29% 28% 28% 28% Stewart-W 38), 38 38% 38% Stromberg Carb 48% 47 47’% 47)4 Studebaker 114% 110% 112% 111% Tex. Gas A Sul. 42% 42 42 42 Texas Coal AO. 26 25% 26 25% Texas Cos 44% 44 41% 41 Texas & Pac 33% 32% 32% 32% Tob. Products.. 62 61% 62% Cl Trans. Oil 9% 9 9% 9% Cnion Oil 17% 17% 17% 17 % Union Pacific.. 134% 134 1.74% 1.31 United Drug ... 69% 69 69% 68 United Fruit ...142% 140% 141 140 l . S. R. Stores. 45 44% 45 44% U.S.C. Iron Pipe. 36% 35% 36 33% U.S.lndtts. Alco. 47% 47 47% 47 U. S. Rubber.. 63 •, 62*4 62% 62% U. S. Steel 96' 95% 95% 95% U. S. Steel pfd..117% 117’- 117% 117% Utah Copper.... 61% 63% 03% 63% Van. Steel 39% 38% 38% 38% Wabash 10 9% 9% 9% Wabash Ist pfd 31% 30% 30% 30% West. Union.... 97 96% 90% 96% West. Airbrake.. 88% 85% 88% .... West. Electric.. 57% 56% 57 .57% White Motors.... 42% 40% 41% 40% W-Overland .... B*4 7% S% 8 White Oil 9% 9*4 9% 9% Wls. Central.... 30% 30% 30% 30% Woolworth 162% 162 162 164% •Ex-dividend. NEW YORK LIBERTY BONDS. —March 31— Prev. High. Low. Close. Close. L. B. 3%s 98.36 98.22 1 8.30 98.20 L. B. 2nd Is 98.36 98.24 98.21 L. B. Ist 4%s .. 98.90 98.5 > 98.90 98.16 L. R. 2nd 4%S . 98.90 98.30 98.70 98.30 L. B. 3rd 4%s .. 99 60 99.42 99.56 99.44 L. B 4th 4%s .. 99.20 98.60 98.90 98.54 Victory 3%s 100.06 100.02 100.02 100.02 Victory 4%s ...1C0.54 100. S2 100.82 100.82 CHICAGO STOCKS. (By Thomson & McKinnon) —March 31Open High Low Close Am. Sbipbuild. .94 Armr. A Cos. pfd. 96% Armour Leath . 12% Io pfd 83 Chi. Ct. ACn. R. p 7% Chi. El. Rys. pfd. 6% 6% 6% 6% Cent. Motors . 7% 7% 7 7% Deere & co. pfd. 71 Diamond Match.ll6% Earl Motors .. 3% 3% 3*4 3% Libby - McNeill 4% 5% 4% 4% Mont. Ward ... 17 .... Nat. Leath. new 10% Pick &Cos 23% 25V. 23% 25% Pigly Wigly A. 41 41% 4040 Stewart - War. 38 38% 38 38 Swift ACo 101 101% 103% 104% Swift Inter. ... 20 20% 20% 20% Thorap. (.T. R.) 44 41 43% 44.. Tentor Corn A... 2*4 2% 2% 2% I'non r ’ar. A Car 58% 58% 57)4 57% Wahl 66 Wrigley 100 Yellow Tavi ... 78 78% 77 77 NEW YORK SUGARS. NEW YORK. March 31.—Trade In raw sugars was rather dull on the exchange here today. Cubns were quoted at 3.86 e per pound, duty free, and Porto Ricos at 3.92 c per pound, duty free, deliver'd. Refined sugars were rather qui 4, fine granulated selling at [email protected] per pound and No. 1 soft at 5.50c.' NEW YORK COFFEE. NEW YORK, March 31. —Coffee values were steady in trade on the market here today, opening options being unchanged to 1 point higher. Rio No. 7 on spot sold bt 9%c per pound. NEW YORK RICE. NEW YORK. March 31. —Rice was firta in trade on the market here today, domestic selling at 3%@7%c per pound. NEW YORK TURPENTINE. NEW YORK. March 31.—Turpentine sold at 86%®S7c per gallon in trade on the market here today. NEW YORK PETROLEUM. NEW YORK. March 31.—Petroleum prices were again steady in trade on the market here today, Pennsylvania crude oil selling at $3315 per barrel. j

STOCK MARKET CLOSE IRREGULAR Studebaker Reacts After Touching New High Early. NEW YORK, March 31.—The stock market closed irregular today. Many of the leading issues reacted 1 to 2 points in the last hour. New York Central was under pressure, dropped 2% points to 86%. United States Steel dropped 1 point to 956 and Baldwin Locomotive yielded 1% points to 110%. Studebaker, after touching anew high of 114% for the year, reacted to 112% and Chandler Motor yielded 1% points to 74%. Government bonds wche unchanged and railway and other bonds irregular. Total sales of stock for the day were $1,111,000 shares. Total sales of bonds for the day were $18,564,000. (By Tnomcon A McKinnon.) —March 31Today’s session has been another active one, some new favorites taken in band, some new highs were again established. The public participation was on a large scale and so fur as appearances are concerned, there is still nothing to suggest or to indicate an approaching culmination of the rise. But there was a substantial amount of profit-taking throughout the day. During the earlier part of session, the market was sufficiently big to absorb sales within very moderate recessions. During afternoon local element became a little more aggressive and sold stocks rather freely and it is just likely that at the close of week we may have another one of tfur customary reactionary periods. The underlying factors remain unchanged, rinse chiefly are the sound banking situation and the changed industrial situation. In today's nows the item of greatest interest was the announcement that a number of important copper companies were to resume operations tomorrow. When you consider this in connection with tbe'risit.g production iti stcei mills at advancing prices, the activities in the motor industry including the accessory department, the progressive improvement in the railroad financial situation —can there be any doubt of an approaching period of prosperity in this country and when you turn your attention toward Europe you find the master minds preparing for the great economic conference that is scheduled for the tenth of next month, and whether much or little be accomplished, there, it will market the beginning of real progress. The coal strike will no doubt prove to be an incident in our labor situation Just as the last steel strike. Conditions justify optimism and we anticipate an ultimately higher novel of security values. TWENTY STOCK AVERAGE. NEW YORK, March 31.—Twenty Industrial stocks Thursday averaged 86.87, up .07 per cent. Twenty active rails averaged 80.56, up 70 per cent. CLEARING HOUSE STATEMENT. NEW YORK. March 30—Exchanges. S711.000.000: balances. $67,700,000; Federal Reserve Bank .••edit balances, $42,400,000.

Money and Exchange

InriLannpoll* bank clearings Friday were $J,925,n00 anil for tlie month enillnr Friday, *71,459,000. Bank debits Friday were $4,229,000 and for the month ending Friday, $135,926,000, NEW YORK. March 31.—The foreign exchange market opened firm today, with demand Sterling %c higher at $4.38. Francs advanced 2% centimes to 9.03%0 for caliltat and to 9 02%c for checks. Lire rose 3 "unts to 5.12%c for cables and to 5.12 c for checks, elgian francs were up 2% centimes to 5.40%c for cables and to 8.40 e for checks. Marks were 3 points higher to .0051 %c. Guilder cables were 57.84 c; checks, 37.79 c. Sweden kronen cables were 2C.<Me; checks, 25.99 c. NEW YORK CALL MONEY. NEW YORK. March 31.—Money: Call money ruled 4)4 per cent: high 5 per cent; low 4% per cent. Time rates, nil 4%©4% per cent. Prime mercantile paper quiet. Sterling exchange was dull, with business in bankers’ bill at $4 37% for demand.MOTOR SECURITIES. (By Thomson A McKinnon.) —March 31— - ClosingBid. Ask. I’.arl Motors 3% 3% Packard coin 7 7% Packard pfd 70 73 Peerless 35 36% Continental Motors com 7% 7% Continental Motors pfd 8s 92 Hupp com 1,5% 16 Hupp pfd 90 lteo Motor Car 20% 20% Elgin Motors 2% 2% Ford of Canada 325 335 National Motors 1)4 2% Federal Truck 17% 19 Paige Motors 17 18 Republic Truck 7 7% ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —March 31 — —Opening— Bid. Ask. Anglo-American Oil 17% 17% Atlantic Refining 9 9% Rorne-Ser.vmser 359 379 Buckeye Pipe Line 94 96 Chesebrough Mfg. Cons 190 210 Continental Oil Colorado ~..130 135 Cornlen Oil and Gas 5 8 Crescent Pipe Line 33 35 Cumberland Pipe Line 140 1.50 Elk Basin Pete 6% 6% Eureka Pipe Line 93 96 Galena-Signal Oil, prof 110 IXS Galena-Signal Oil, Com 46 48 Illinois I’ipe Line 171 177 Indiana Pipe Line 100 103 Merritt Oil 10% 10% Midwest Oil 2% 3 Midwest Kfg 170 ISO National Transit 27 28 New York Transit 170 172 Northern I’ipe Line 107 109 Ohio Oil 270 275 Oklahoma I’. A It 5% 5% Penn. Mex 27 30 Prairie Oil and Gas 539 560 Prairie I’ipe Line 230 235 Sapulpa Itefg 3% 3% Solar Kefir.. n " 3i() 360 Southern I\'<- Line 97 99 South Pen oil 177 183 Southwos, I’enn Pipe Lines . 60 02 Standard >)i! Cos. of Ind. ... 87% 87% Standard Oil Cos. of Kan. ...530 560 Standard Oil Cos. of Ky. ...475 490 Standard Oii Cos. of Neb. ...165 175 Standard Oil Cos. of N. 5\ ...372 375 Standard Oil Cos. of Ohio ...399 400 Swan A Finch 25 30 Vacuum Oil 335 3.50 Washington Oil 25 30 NEW VOKK CURB. (By Thomson A McKinnon.) —March 31— Closing— Bid. Ask. Acme Packing 65 70 Curtis Aero com 4% 6 Curtis Aero pfd 24 27 Goldfield Con 4 6 Jumbo Extension 3 5 Internat. Petroleum 15% 16 N'ipissing 6*4 6% Standard Motors 4 4% Salt Creek '4 14% Tonopah Extension 1% l*/4 Toeopah Mining 1% 2 United P S new 5% 6 U. S. l.irht A Heat 95 100 IT. S. Light A Ileat pfd.... 1 1% Wright-Martin Yukon Gold Mine Cos 1 1% New Cornelia 17)4 IS United Verde 27 27% Sequoyah 3 10 Omar Oil 92 95 Kep. Tire 40 50 Boston A Mont 30 32 Kirby Oil 24 24% NEW YORK METAL MARKET. NEW YORK, March 31. —Copper—Dull, all positions offered, 12%c. Lead—Firm, all positions. 4.70©4.90c. Spelter—Firm: March and April. [email protected]; May and June, [email protected]. NEW YORK HIDES. NEW YORK, March 31.—Hides were dull on the market here today, native steer hides selling at 12%@13c and branded steer hides at ll%c. NEW YORK WOOL. NEW YORK. March 31.—W00l was firm in trade on the market here today. Prices of the past week were maintained.

INDIANA DAILY TIMES.

SWINE PRICES 10 CENTS HIGHER Cattle Generally Strong— Veals Show Weakness. RANGE OF HOG PRICES. Good Good Good Mar. Mixed. Heavy. Light. 23. [email protected] $10.50010.65 24. [email protected] 9.85 @ 10.10 [email protected] 25. [email protected] [email protected] [email protected] 27. [email protected] 10.15 @10.40. [email protected] 28. 10.25 @10.40 9.85 @ 10.15 [email protected] 29. [email protected] [email protected] [email protected] 30. [email protected] [email protected] 10.40C4>10.60 31. [email protected] [email protected] [email protected] With receipts extremely light, swine prices were 10 cents higher generally in trade on the local live stock exchange today. Trade was fairly active and all of the receipts had been sold at a very early hour in the forenoon. Cattle receipts, also, were light, but the strengthening effect of this factor was somewhat offset by the poor quality of stuff offered. Prices were no more than strong generally. There were only about 400 cattle on the markets. Practically nil of the packers were active. Calves ruled steady to 50 cents lower, due to the poor quality of stuff offered and the slow demand of the shippers. Eastern markets were slow and weak. With 50 sheep and lambs on the market, prices were steady. HOGS. 100 to ISO lbs average [email protected] Over 300 lbs 10.00fd: 10.25 150 to 300 lbs 10.25®10.75 Best pigs, under 140 1b5..,,. 0.56(^10.50 Top 10.75 Roughs 7.5(1@ 8.50 Stags s.i'o@ 7.00 BulE of sales 10.40© 10.60 —Cattle— Prime corn-fed steers, 1,000 to 1,800 lbs 7.00® 8.00 Good to choice steers 1,200 to 1,300 lbs 6.50® 7.00 Good to choice steers, 1,100 1.200 lbs 5.75® 6.35 Good to choice steers, 1,000 to 1,100 lbs 5.50® 5.75 Common to medium steers, 800 to 1,800 lbs 5.25® 5.50 —Cow* and Heifers — Good to choice heifers 7.50® 8.00 Medium helfets 6.50© 7.35 Common to medium heifers . , 5.00© 6.00 Good to choice cows 5.25© 6.50 Fuir to medium cows 3.50© 4.50 Canners 3.00® 1 25 Cutters 2.25® 4.00 —Bulls— Fancy butcher buns 5.50© 6.00 Good to choice butcher bulls . 4.50® 5.50 Bologna bulls 8.75© 4.25 Light Bologna bulls 3.00© 3.50 Light to common bulls 2.75© 3.50 —Calves— Choice veals 9.00®' 9 50’ Good veals 8.50® 9.00 Medium veals 7.00© 8.00 | Lightweight veals 5.50® 6.50 Commons to heavyweight veals 5.00© 6.00 —Stockers and Feeders— Good to choice steers under 800 lbs 5.75® 6.75 Medium cows 2 25®. 375 Good cows 3.50© 4.50 Good heifers 5.25® 6.50 Medium to good heifers 4.00© 5.00 Milkers .... 35.00®85.00 —Bliecps and Lambs— Cull ewes 2.25® 300 Gocd to choice ewes 5.00® 7.00 BucaS 2.50® 3.50 Clipped lambs 8.50® 10.50 Wool lambs 11.00© 15.00 Seconds 6.00© 8.00 Buck Lambs 5.50© 6.50 Culls 3.00® 5.00

Other Livestock

CHICAGO, March 31.—Hogs—Receipts. 21,000; market, fairly active, 5 to 10 cent* lower; bulk of sales, $9 '9o© 10.40; top. $10.50; heavies, $9.90© 10.20 : mediums, slo.lo® 10 50; lights, $10.30® 10.50; light lights, slo© 10.50: heavy packing sows, smooth. $9.15®9.55; packing sows, rough, $9©9.25: pigs, s9® 10.25. Catth —Receipts. 3,500; market, generally steady. Beef stisTs —Choice and prime, $5.75©9.40; me 1 diums atnl good. $7.35© 5.75; good and; choice, $8.15©8.35; common and mediums, j $6.00© 8.10, Butcher cattle—Heifers, $5.25; (<t 8.25; cows. $4.35©7-25; bulls, $1©6.25. Canners and cutters —Cows and heifers, $3.25® 4.35: earne r steers. $4.25®5.25; veal calves, light and handy weight, $6.50©0; feeder steers, $5.40© 7.25; Stocker Steere, $5.15©7; stoeker cows and heifers. s!©•"> Sheep and lambs -Receipts, 6.000; market, steady to 25 cents higher; killing classes, steady; good to choice lambs, $13.75® 16; \ cull and common lambs, $10.50® 13.50: * yearling wethers, $11.75© 14.75; ewes, $7.25 , ©10.50: full and <-"111111011 ewes, $3.50©7; feeder lambs, $11.75® 13.75 CINCINNATI, March 31.—Hogs— Receipts, 5,*8)0; market. 15 to 23c lower: heavies, mixed and mediums, $lO 60; lights, $10.50; pigs, $9.50. Cattle—Receipts, 550; market, weak; bulls, shade lower; calves, $9. Sheep and lambs —Receipts. 300: market, weak; ewes, $7.50; clipped ewes, $5.50: wool lambs, sl6; dipped lambs, $11; springers, S2O. CLEVELAND, March 31-Hogs Receipts. 500; market, 15 to 25 cents lower; yorkers, $10.75; mixed, $10.75; mediums, $lO 75; pigs, $10.50; roughs, $8.25; roughs, $8.25; slags. $5.25. Cattle —Receipts. 250; - market, slow steady. Sheep and lambs —Receipts, 1,000; market, steady: top. sl4. Calves —Receipts, 300; market, 50 cents to $1 lower; top, $9.50. EAST ST LOUIS March -31.-Hogs Receipts, 1,000; market. lOe to 25c lower; mixed and butchers, $10.35©.’10.45; good heavies, slo.lo® 10 35; roughs, sß©s.7s; lights, $10.35® 10.40; pigs, $8.85® 10 30; bulk of sales, $10.50® 10.40. Cattle —Receipts. 750; market, steady; native beef steers, $8.25®!); yearling steers and heifers, $4®:0.50; calves, $3.50©9; canners and cutlers, [email protected]. Sheep and limbs —Receipts, 300; market, steady: mutton ewes, s7®B; good to choice lambs, sß© 15.25; canners ami choppers, $2®,5. EAST BUFFALO, N. Y.. March 31. Hogs—Receipts, 6,000; market active; yorkers, sll.lf>@lS.2s; mixed. $30.90© 11.10; heavies, $10.75© 10.85; roughs, sß® 5.75; sPi s. s5 50® 7.50. Cattle —Receipts, 250; market active; shipping steers, sß©; 5.50; Hotelier grades. $7.25®JH.25; heifers, $1®7.75; cows, $2.25®6; hulls, $'>.50©5.25; milk cows and springers, $25®110. Calves —Receipts. 2,500; market slow; eull to choice, $3®9.50. Sheep and lambs— Receipts, 6,000; market slow; choice lambs, $15.50© HI; . till to fair. sß® 15.50; yearlings. sß© 15; sheep, s7©; 12.50. PITTSBURGH. Mireh 31.—Hogs—Receipts, 3,000: market 30c lower; prime heavies, $14.50; mediums, $11; ! ea.vy yorkers. $11; light yorkers, $11; pigs, 11; roughs, [email protected]; stags, $5.25. Cattle— Receipts, 100; market steady; choice, $8.90 ©9; prime, SB.-10®.8.50; good, $8®. 8.25; tidy butchers. $7.50®]8; fair, $6.50® 7.25; common. [email protected]; common to good fat. bulls, s3©6; common to good fat cows, s2©6; heifers, $5©7.25; fresh cows and springers, $3.50®"?.75; veal calves, $10; heavy and thin calves, s3©o. Sheep and lambs—Receipts, 3,000: market 35c higher; prime wethers, $9©.9.25: good mixed, sß.2s©j 8.75; fair mixed, $7.25@8; culls and common. $2.25®4.25; choice lambs, 25c lower at sl4.

Local Curb Market

(By Newton Todd.) —March 31— - Bid. Ask. Am. Hominy Cos 10 1(1 Central and Coast Oil % ... Choate Oil Corp 14 % Citizens Gas Cos. pfd 91 90 Commonwealth Fin Com. ... 30 30 Commonwealth Fin pfd. ... 41 48 Colombian Fire Ins. Cos 0 7% Comet Auto 14 2 Dayton Bobber Units 45 55 Dictograph i’rod. pfd 30 38 D. IV. Griffith 3% 7% Elgin Motor Car 2 2% Fed. Fin. Cos. pfd 77 S7 Fed. Fin. Cos. com 124 133 Gt. Sou. Prod. & Ref 3% Oft Goodyear T. & R. com 10 12 Goodyear T. & It. pfd 25 28 Metro. 5-10 c Stores com 3 7 Metro. 5-10 e Stores pfd.... 19 27 Nat. Underwriting 2% 5 Revere Motors % % Rauch & Lang Units 19 30 Rub. Tex. Units 10% 13% Steel Craft Units 32 42 Stevenson Gear Units 15 21 U. S. Auto Units 50 GO U. S. Mtg. Cos. Units 145 162 BANE STOCKS. Commercial Nat. Bank 74 S3 Cont. Nat. Bank 100 118 Ind. Trust Cos 175 Ind. Nat. Bank 260 270 Mer. Nat. Bank 282 Security Trust Cos 130 State Sav. & rust 94 99 Union Trust Cos 300 Wash. Bank & Trust Cos. .. 150 ...

GRAINS SUFFER LATE DECLINES Large Offering and Lack of Demand Chief Factors. CHICAGO, March 31.—Grain prices declined on the Chicago Board of Trade today. Large offerings for which there was little demand caused tl e reduction. The shipping demand reported light was the cause of lack of demand. Provisions were lower. May wheat opened at $1.35, off %c. and was off 2%e at the close. July wheat opened at $1.18%, off %e, and declined l%c off at the close. May corn opened at 59c, up %c, and closed l%c lower. July corn opened unchanged at 62%c and closed off l%c. May oats opened at 37%c, up %c, and closed off %c. July oats opened at 39%c, up %c, and closed off %c. (By Thomson A McKinnon) —March 31 Wheat—From the fact that foreign markets are not sympathetic with advances here, it may be assumed that their immediate wants have been well supplied, both Liverpool and Buenos Aires have shown an easy undertone despite a considerable falling off in the shipments from Argentina. Early messages from the seaboard said that cables were not encouraging, up to time of writing no export business has been reported. Accumulations at Canadian terminals are increasing and tlie amount under contracts for shipment at the opening of navlbation is not large. Receipts at United States markets, are falling off slightly, but nothing has arisen to stimulate the demand or improve the cash situation. Kansas City has a stock much larger than a year ago and prices are close to a shipping basis to this market. it is, therefore believed that any strained position in Chicago May wheat could and would be relieved by movement from the Southwest to this market. Two private estimates of the winter wheat crop show an improvement in condition since December, but, also, suggest a yield the same as last year to a trifle less. These reports have not been riven much attention for the reason that every one recognizes the unreliability of estimates of yields at this time of crop growth. New estimates of the world's situation show a rather small surplus at the end pf the crop year because of this small carry-over, our market gains some steadiness from the posslb.lity of smaller yields here at home than the past few years, on the other hand the complete withdrawal of foreign buyers and the indifference of ihe milling trade force recognition of tlie amount of wheat immediately available for home requirements. We would not be surprised to see prices drag temporarily, but we do not feel that market will show deoidt <1 price tendency, being more inclined to rule enqitic and uncertain as the growth of the crop develops. Corn ahd Oats—There has been a small demand in oats based on the delay in seeding caused by excessive rains anil low temperatures, but cash interests have been seen as sellers, at tho moment, the controlling influence in both corn and oats is the size of the visible supply and the utterly inadequate demald, either domestic or foreign. It will take something decidedly radical in the way of betterment of the outlet for the present accumulations, if markets are to show individuality. Provisions —Cash trade in cured meats and lard does not improve, which fact, coupled with a better hog movement in the West Induced moderate liquidation in products Unimportant demand was again the feature as it has been for several days. CHICAGO GRAIN TABLE. —March 31 WHEAT— Orem High. Low. Close. Mav J.fio 1.35 1.32*3 1 32®, •I 111 v..., 1.18% 1.19% 1.17*3 1-17% CORN— May 59 .59 .57% .57% July 62), .61% .61% .61% OATS Mav 37> 3 .37% .36% .36% J ill V 39% .40 .39 .39 I’ORK •May 18.75 LA BIX— May.... 10.52 10.55 10.47 10.47 July 10.85 10.85 10.72 10.72 It IBS— May 10.67 10 67 10.65 10.65 July.... 10.17 10.17 10.15 10.15 RYE— May.... 1.02% 1.03 1.01% 1.01% July 94 .94 .92% .92% •Nominal.

CHICAGO CASH GRAIN. CHICAGO. March 31. Wheat— No. 2 i mixed, $131; N 3 mixed. #129%: No 4 j tiard winter, $125 Corn—No 2 mixed, I 56%c: No 2 White. 57%e: No. 2 yellow, ; 57®*57',0; No. 3 mixed, 54%T'©55c: No. 3 white. 56c: No. 3 yellow, 55’ ©55%c; No. 4 mixed, 53%®54<-; No. f xvhllo 51' .c; No. 1 vellow. No. Oats—No. white. 37% K>%r; No. 3 w hite, ;55%© 37c; No. 4 white, ;>4®35%c. TOLEDO SEED AND GRAIN. TOLEDO, March 31.—Wheat—Cash, $1 41© 1.43; May, $1.10*5; July, $1.21%. Corn—Cash, Cl®.62c. Oats Cash, 40© Me Rye—Cash, 99c. Barley—Cash, 88c. (Mover <e<! Cash. $14.50; March, $14.50; April, 813.25; optolier. sl.lO. Aisike— Cash, $11.50; March, sllsO. Timothy Cash, $2.95; March, $2.95: May, $3.05; September, $3.30; October. $3.25. PRIMARY MARKETS. —March 31— (By Thomson & McKinnon) —Receipts— Wheat. Corn. Oats. Sb Joseph... 40,000 22,000 4,000 Chicago 18,0011 219,000 106,000 Milwaukee .. 1.000 71,000 63.0(H) Minneapolis . 19S.ihh 41.00) 75,000 Duluth 80,000 5,000 3,000 St. Louis 43,000 73,000 50.00) Toledo 6,000 5,000 8.000 Detroit 3.0(H) 4,000 4,000 Kansas City, no.ooo 29,000 li.ooo Peoria 11.0(H) 47.<x0 34,000 Omaha 23,000 73.000 30, (HH> Indianapolis... 4.<hh) 36,0n 22,<1> Totals 556,000 625,000 416,000 Year ago... 870,000 507,000 312,000 —Shipments— Wheat. Corn. Oats. St. Joseph... 6,000 43,000 2.0(H) Chicago 20.000 165.'HM) 136,000 Milwaukee .. 4,000 73,000 35.000 Minneapolis . (IT.otx) 27,000 116,000 Duluth 35,000 St Louis .MO.OOO 64.0(H) 51,000 Toledo 3,000 0.000 Detroit 6,000 Kansas City. 302.000 2(),OiH) 22,<hh> Peoria 2,000 23.(HM) 3”,(Hh) Omaha 46.01 H) 122,000 40,000 Indianapolis... 1,000 14,000 22,000 Totals 531,000 557,000 498,000 Year ago... 659.000 405,000 328.0(H) —Clearances— Wheat. Corn. Oats. New York 112,000 Philadelphia.. 80.0(H) 43.<HH) Baltimore 520.0(H) New Orleans 204,000 Year ago... 531,000 34,000 133,000 INDIANAPOLIS CASH GRAIN. —March 31Bids for ear lots of grain nnd hay at tlie call of the Indianapolis Board of Trade were: Wheat —No sates. Corn—Easier: No. 3 white, 00;(©61 <■; No. 4 white, 59%©;00c; No. 3 yellow, 59%©:60c; No. 4 yellow, sS%©>s9c; No. 3 mixed, 58%@59e; No. 4 mixed, 57% @5Se. Oats—Easier; No. 2 white, 40@43%c; No. 3 white, 38%©29%e. Hay—Steady; No. 1 tint dhy, $18.50 ©l9; No. 2 timothy, slß©* 18.50; No. 1 light clover mixed, #17.50© 18; No. 1 clover, $19@20. —lnspections Wheat—No. 4 red, 2 ears; No. 2 mixed, 4 cars: No. 3 mixed, 1 ear; total, 7 cars. Corn—No. 3 white, 4 cars; No. 4 white, 2 cars; No. 5 white, 1 car; No. 6 white, 1 car: No. 4 yellow, 1 ear; No. 5 yellow, 2 ears; No. 6 yellow, 4 ears: No. 4 mixed, 1 car; No. 6 mixed, 1 ear; total, 17 ears. Oats —No. 2 white, 3 cars; No. 3 white, 12 cars; No. 4 white, l car; total, 16 cars. Rye—No. 3, 1 car. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hav—Loose timothy, $17®!18: mixed bav, 'slG©;l7; baled bay, sl7®lS. Oats—New, per bushel, 4'2®)44c. Corn—New, per bushel, 60®65c. Corn—Old, per bushel, 00®65c. WAGON WHEAT •’Kit eB. Indianapolis flour units and elevators today were paying $1.30 per bushel for No. 1 red winter wheat; $1.28 for No 2 red winter and according to test for No. 3 red winter.

Cotton Exchanges Under Indictment NEW YORK, March 31.—Grand jury indictments against the American Cotton Exchange and seven of its members were returned today. The charge was violation of that section of tlie penal code which forbids ‘‘bucketing.”

LAND VALUED AT BILLION MAY BE RECLAIMED McNary Bill, With $350,000,000 Appropriation, Urged by Senate Leaders. WASHINGTON, March 31.—One billion dollars’ worth of property will be reclaimed under the $350,000,000 McNary Irrigation bill, according to reclamation leaders In the Senate. Supporters of the hill, which provides for the irrigation of arid waste lands and the drainage of swamp lands, declare that all previous Government projects have resulted in the recovery of lands worth three times the money spent In salvage. Their statements are borne out by Government records. To date, it was shown, tie Government has spent $130,000,000 on arid and swamp lands. This reclamation work restored approximately 1,000,000 acres of land in the South and West. This land, according to Federal estimates. Is now valued at $500,000,000. Crops raised on the reclaimed areas up until 1922 had a value of $400,000,000. The Government’s records of reclaimed territories produce interesting statistics. It is shown that 223 towns have been built on the salvaged land and more than 32,800 farms occupied. There is a total population of 450,000 people of the land, which formerly consisted of arid deserts or huge boggy swamps. All modern conveniences have been Instituted in reclaimed areas, it is shown. There are 879 schools and 619 churches on these areas, according to Government ••eeords. Prosperity also seems to have followed the reclaimer, for the records show that 247 banks have been established on reclaimed land. These banks, it is added, have deposits totaling $143,539,556 and j are growing.

Weather

The following table shows the state of the weather at 7 a. in . March 31. as observed by United States Weather Bureaus : Station. Bar. Temp. Weather. IndhinapollH, Ind... 2!).7’i 38 Knln Atlanta, Gn 29.92 66 Cloudy Amarillo. Texas 30.22 34 Clear Bismarck, N. D.... 30.14 24 Clear Boston, Mass 30.26 32 Rain Chicago, 111 29.90 34 Rain Cincinnati, Ohio .. 2Vt7O 42 Rain Cleveland. Ohio 29.92 36 Cloudy Denver, Colo 30.06 34 Clear Dodge City, Kan.. 30.22 RO Clear Helena, Mont 29.82 36 Cloudy Jacksonville, Fla... 30.10 70 Clear Kansas City, M 0... 30.08 34 Cloudy Louisville, Ky 29.62 58 Cloudy Little Rock, Ark... 29.84 48 Rain Los Angles. Ca 1.... 30.06 52 Cloudy Mobile. Ala 29.98 70 Rain New Orleans. La... 29.90 68 Ram New York, N. Y... 30.16 36 Rain Norfolk. Va 30.00 50 Rain Oklahoma City.... 30.16 38 Cloudy Omaha, Neb 30.18 28 Cloudy Philadelphia, l’a... 30.10 "S Cloudy Pittsburgh, i’a 29 92 42 Rain Portland, tire 29.72 4 PtCldy Rapid City, S. D... 30.(44 31 I’tShly Rosebtirg, Ore 29.62 50 Cloudy Sail Antonio, Texas 30.12 50 Clear San Francisco, Cal. 29.96 50 l’tCldy Sf. Louis, Mo 29.78 36 Rain St. Paul. Minn.... 30.12 30 Cloudy Tampa, Fla 30.10 72 Clear Washington, D. C. 30.06 42 Cloudy WE VTIIF.B CONDITIONS. The scutliwestern storm 1* ndtanrlng idovly northeustward and is now centered over the lower Ohio Valley. It hn* mused considerable additional rain front tlie middle Gulf cuaet northeastward, and the rainfall has been heavy in many places throughout that area. Some heavy snows have fallen In tlie New- England Stoics; Boston. Mass, and Nortlilleld. Yt., reporting five Inches of snowfall since Thursday morning. The disturbance Is follow ed by colder weather over the middle nnd southern Flnins States, the Mississippi Valley, and the middle and western Gulf region, but the temperatures in tlie far west are rising under the Influence of n depression advancing aver the north Pacific coast. —\\ bite River Conditions— At 7 a. m. today stages in White River were as follows: Anderson, 11.3, rising; Noblesville, 12. X, rising; Indianapolis, 11.0, rising; Etiiston, 21.6. rising; Shoals, 17.3. rising; Decker, 18.3, rising. Additional heavy rains over tlie White Valley will cause further rises within the next twenty-four or thirty-six hours. Stages indicated. Noblesville, 14 to 15; Indianapolis, 14 to 15; Elliston, 24 to 25; Shoals. 22 to 23; Decker, 20 to 21. .1. If. ARMINGTON, Meteorologist. Weather Bureau. INDI \NAFOLIB PRODUCE. Eggs—Fresh, 21®!22c. Bitter—Packing stock. 14©! 15c. Poultry—Fowls, 17®22c; broilers, 1% to 2 lb. size, 50c; leghorn broilers, at discount; cocks, 13@14c; young hen tlirks, 8 lbs. nnd up 34®35c; young turn turk.s. 12 lbs. and up, 33®35c; old tom turks, 28©30c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 15@16; geese, 19 lbs. and up, 13© 14c; squabs, 1.1 lbs. to dozen. $5.50®0.00; old guineas, per dozen, $3. Butter Local dealers are paying 38© 39c per lb. for butter delivered in Indianapolis. Butterfat —Loenl dealers are paying 36c tier lb. for butterfat delivered in Indianapolis.

CHICAGO PRODUCE. CHICAGO, March 31.—Butter—Receipts, 8,863 tubs; creamery extras, 36e; standards, 35%e; firsts. 33%©>35%c; packing stock, 10(g!lSc. Eggs- Receipts, 36,783 cases; current receipts, 23@23%e; ordinary firsts. 22©’22%c; firsts. 23%@23%e; checks, 20@22c; dirties, 21@21%e. Cheese —Twins (new), 18%e; daisies, 18@19e; Young Americas, 21@22c; longhorns, 20% ©22c; bricks, 14%©i15c. Live poultry— Turkeys, 30c; chickens, 27c; springs, 30c; roosters. 19e; geese. 18c; ducks, 30c. Potatoes - Receipts, 72 cars; Wisconsin Round Whites, St. 25© 1.70 per 130-lb. bag; Minnesota Red Rivers. [email protected]; Idaho lturals, $1.75; Idaho Russets, $2.10 @2.15. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift and Company: Ribs—No. 2,17 c; No. 3,14 c. Loins—No. 2,25 c; No. 3,20 c. Round— No. 2,15 c; No. 3,13 c. Chucks—No. 2, 10c; No. 9,9 c. Plates—No. 2,7 c; No. 'd, 6c. CLEVELAND PRODUCE. CLEVELAND, March 31.—Butter—Extra In totis, 44%@15c; prints, 45%@460; extra firsts, 43%©Hc: packing slock, 17©19c. Eggs—Fresh gathered, northern extra, 27c; extra firsts, Ohios, 24© 24%c: western firsts, new cases, 24c. Poultry—Live heavy fowl;, 2!)@3oc; spring culls, 24@20c; spring ducks, 32@34c. ‘Vets’ Receives Art Instruction DENVER, March 31. —Every phase of art work, from fancy sign writing to portrait painting, as taught in Denver’s Rehabilitation Art School, established nearly two years ago by the Government vocational training bureau for disables ex-service men. The school is under the supervision of William Knapp, noted artist, and the pupils Include incapacitated soldiers from various sections of the United States. The course requires three years’ study.

Just How Much Speed Can This Poor Dog Show? OWOSSO, March 31.—What is the value of a three-legged dog? A jury is trying to decide, and it is costing the county SIOO a day to have them do It. Can a three-legged dog chase rabbits just as well as one with standard equipment? Arthur Brown claims the loss of a leg hampered his dog in huuting and ha3 brought suit for SIOO against George Akin, whom he accuses of having shot a leg off his prize hunting dog when it came on the Akin farm. Counsel for Akin claims a dog can run just as fast on three legs. WRONG VERSION OF COLLEGE MAN GIVEN PUBLIC Dartmouth Dean Says They Are Neither Lounge Lizards Nor Clothes Models. CHICAGO, March 31.—The languorous youth who lolls in a yellow canoe with purple stripes, thrumming a ukulele, or who may be seen shaking a wicked "hoof” at the dance halls of the Nation’s various vacation resorts, may possibly be a college man, but Richard Wellington Husban 1, dean of the personnel department of Dartmouth College, will lay you a wager of about 10 to 1 that he is not. College men, according to Husband, who was the principal speaker at a recent meeting here of the National Association of the Deans of Women are not lounge lizards. They do not fritter away their vacation moments in frivolous pursuits. Instead, when the campus closes down Tor the summer the college man—9o per cent of him, according to Dean Husband —hearkens to the call of industry and spem'x his vacation period turning a borny hand to something useful and, incidentally, gainful. They are to bo found in factories, shops, stores, law offices, Xanks. newspaper offices, farms, garages, behind soda fountains and even in pulpits, but only a small percentage of them Idle through the summer months. The charge that a majority of college students enter institutions of advanced learning because it is a pleasant way to spend four years and father has plenty of money to pay the bills also was nailed ns a canard by Dean Husband. "Sixty per cent of the freshmen,” he raid, "have formed a pretty good Idea of the vocations they desire to enter after leaving college. Os these a few change Iheir minds after trying out these rotations in their long vacations or after i nnversations with us. “The tendency of the modern student,” Dean Husband continued, "Is to overspecialize. It is a mistaken Idea that, left to himself, he will select ‘snap’ courses. We try to send him out with a broad-minded view of things, not merely to fit him to hold down a Job.” Gnashing of Teeth Over Balfour Title LONDON, March 31.—When Arthur J. Balfour dropped "Mr." and a-’cepted “Sir” there was mu<-h weeping and gnashing of teeih in London. He has long stood out as "above titles.” Ail England loves Sir Arthur, who is England's grand old man, and they did not begrudge him the signal honor paid him by the King, but they were grieved that he had stepped out of the ranks of the great commoners. The British public are not awed by titles any longer, and they have great pride in their leaders, xvhom they feel are above titles. For many years Sir Arthur had refused ail decorations and honors and had : chosen to fill his place in public life : ns a commoner. This attitude won him respect from tho great masses of the ! people and regrets are expressed ever} - - i where that the man who has represented . Britain at a half dozen world conferences has entered into ranks of the titled personages. Sir Arthur had no desire to accept knighthood and to be made a Knight of the Garter, it is understood, but he was placed In a cireumstance where he could not refuse. King George, it is understood, desired to indicate his pleasure with the manner in which Sir Arthur had represented Britain at Washington. The King Is understood to have requested that Balfour accept the title \ as an indication of his gratitude.

Deny Citizenship to Manj^Russians LONDON, April 31.—The Soviet government Is taking drastic action with regard to Russians abroad who are deemed to have incurred the loss of their rights of citizenship. By a decree published in Moscow, five classes of persons are declared to hare lost their rights. These include Russians who have lived abroad for five years without applying for passports before June 1, 1922, nnd those who left Russia after Nov. 7, 1917, without the permission of the Soviet government. Those who voluntarily served In armies which fought against the Soviet government ,or who participated in any form whatever in counter-revolutionary organization are placed under a similar ban. It also includes those who by June 1 have either not exercised the right of declaring for Russian citizenship and those abroad who have not registered at the Soviet legations. 3 Divorces Limit Set by Soviets LONDON, March 31.—Three divorces for any one person seems to be the limit in Soviet Russia, according to Mr. Parley Christenson of Chicago, just arrived at Riga after having spent some months in Russia studying conditions and the working of Bolshevist courts there. It is amazingly easy to got a divorce, he says, and relates the procedure at one divorce court that he visited. “The whole proceedings were extremely simple, and the couple were separated in fifteen minutes. “The Judge appeared in the courtroom and the pair applying for divorce were separately questioned by him. “He then got them together and tried to persuade them that their quarrel might be patched up and that they might live together. “As the pair could not see it that way the judge asked no more particulars, hut took them into an adjoining room, where they signed papers dissolving their marriage.”

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'MELLON'S FIGHT! TO C ABINET JOM ATTACHED DAlLgj Eligibility of Secretary ES coining Bone of Con- I ter.tion. I WASHINGTON, March 31. - Til eligibility of Andrew W. Mellon to servß as Secretary of the Treasury is becouM ig almost a daily bone of contention 'll Congress. V Demand after demand has been madel that the man who is credited with running John D. Rockefeller a close second as the wealthiest man in the United States —individually and not as Secretary of the Treasury—be ousted from his Job in the President's Cabinet. Representative Brand (Democrat, of Georgia) is one of the latest assailants of Secretary Mellon. Brand has served formal demand on the Senate that, while it is investigating the eligibility of Senator Smoot and Representative Burton to act as members of the Debt Refunding Commission, it include in the inquiry determination of the status of Mellon to act, not only on the commission, but as Secretary of the Treasury. "The question involved is one in which every taxpayer in the United States is interested,” says Representative Brand. "It is a world-wide known fact that certain European nations owe the United States about $11,000,000,000. It is generally known also that they owe. a group of international bankers about $5,000,000,000. “This group of international bankers are bent on having their money and are interested- in collecting it whether the United States ever collects a dollar or not. Here are two classes of creditors, with claims against a common debtor which is generally reputed to be bankrupt. Tbeir Interests are in conflict and are adverse. Therefore, it becomes a very important matter to know whether or not Mr. Mellon is the owner of of these obligations due these privaifl bankers or whether any of his kinfofl within the prohibited degree are the ownS ers of them or whether any of the great banking and financial institutions t which be belongs is the owner of any of them or Interested In any of these debts.” Brand declares that there is a statute, placed on the Federal books in 1789, which disqualifies the Secretary of tha Treasury from acting if he Is engaged In the business of trade or commerce or If he owns any State or national securities. Brand declares that Secretary Mellon Is connected with three banks, four insurance companies, seven educational and philanthropic institutions and stxty-two other corporations. The Georgia Representative indicated that in his opinion, Mellon is connected with the international banking interests to which Europe is indebted to ths extent of $5,000,000,000. “The truth is,” he said, “some of thes§ international bankers want the debts duo the United States canceled, knowing if this Is done that it will make their debts against the European nations worth a hundred cents on the dollar. "Those who do not come ont squarely for cancellation of these debts are intensely interested in having the United States agree to a long time aostponement of the collection of its loans. Mr. Mellon believes in this. The minute this is done, and it is going to be done, the debts of the private bankers will increase In value, and every dollar of the s me xvill be collected before (he United States collects a dollar of its principal debt.’’ I,

Tourists to Battle I Scenes Grow Fewer PARIS, March 31. —The organization of trips to the battlefields has been n failure, state important touring agencies.* Whereas, in 1919, figures showed that visitors to the country and the French people themselves were very keen to visit the scenes of fierce battles, today no one is attracted by the lavish propaganda sent ont to visit the ruins. These touring companies suppose that not enough attractions remain for the visitor. Debris has been cleared away, and souvenir hunters usually leave disappointed. In many parts the ruins no longer exist, for new villages have sprung x;p, and new roads have been built, Even trees have been planted which ia many sectors have completely changed the appearance of the land from one of bleakness and destruction to a land of prosperity. While the battlefields were still an attraction figures showed that more Americans and British visited them titan any other nationals. In three years barely 150,000 French people visited them. This year special trains, automobila excursions and guides have been suppressed. and many of the hotels built along the battle line to house would-bo visitors have been put to other uses. WHY FIFTEEN ARE CANDIDATES. SPENCER, Mass., March 31.—Fifteen candidates are out for the job of com stables of this town. There is a rea* son. The shiny badge of the constable admits the bearer free to the movies. I

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