Indianapolis Times, Volume 35, Number 271, Indianapolis, Marion County, 26 March 1924 — Page 11

.WEDNESDAY, MARCH 26, 3924

FURTHERDEGLINE FOLLOWS ATMS ON CLO LEADERS Baldwin and American Car> Continue to Yield Under Heavy Pressure, NORFOLK HOLDS STEADY General List Stands Up Remarkably Under Fire of Professionals. The WALL STREET JOURNAL; NEW YORK, March 26. —Overnight news was constructive, including the determination of the Senate committee to put the Mellon schedules in the j tax bill Respite dppos.tion and car loadings for the week ended March 15 which showed railway traffic was still running at record levels. But the movement of prices among industrial stocks early today was still under I the previous day’s influences and 1 American Can descended to anew low j on the movement while heaviness con- j tinued to characterize the act on of j Baldwin, Steel and other speculative leaders. First Hour Further professional drives against Baldwin and American Can forced these issues to new lows on the movement toward the end of the first hour, but the selling failed to affect the main body of stocks which held steady, while individual stocks were under fire. Special weakness cropped: out in American Agriculture Chemical | preferred, which broke 3 points to 26%. But this decline was directly connected with unfavorable conditions in the fertilizer industry. Asa whole, j the market appeared to be more im- : pressed by the strength of Norfolk & Western than by the persistent bearish efforts. Second Hour Selling pressure lightened percepti- j bly in the late morning And numerous issues under fire in the'opening trading rebounded, some stocks recovering as much as a point from early lows. The absence of pressure afforded constructive interests an excellent time to test the reports of an over-sold condition in the market and fresh support was rallied to the cause from many sources, and as a result the general list responded in admir- ! able fashion. Noon Hour | Following a slight rally in the late ' morning which lifted prices among the ; Industrial leaders a point on the aver- ! age. the industrial list was again unsettled In the noon another outburst of selling in American Can which dropped to a further low at 104*4 on heavy saes. Before this in- j ddent, steel common responded with a gain of more than a point to the announcement that the steel corporation, which was operating at 96 per cent capacity a fortnight ago, had increased operations and was now running practically full. Fourty Hour Continue! pressure on American! Can. which dropped to a further new low at 103*4 in the early afternoon, failed tc start fresh seiiing in the general run of the industrials. Steel, Baldwin and Studebaker gave indications of better support, but no attempt was made to bring about a rally while American Can was so freely supplied. In a few stocks the loaning rates disclosed the presence j of an overcrowded short interest. American Hide and Leather and U. S. Rubber preferred issues were loaning flat. Twenty active industrial stocks on Tuesday averaged 94.12, off 1.46 per cent. Twenty active rails ave.aged 81.38, off .63 per cent. Local Bank Clearings Indianapolis bank clearings Wednesday were J 2.797.000: bank debits were 55. 542.000. New York Money Market By United Financial NEW YORK March 20.—-Call money at 4 per cent. Time money 4 % per cent bid. 4% per cent offered. Trading generally at 414 per cent Commercial paper, prim,? names, 4% : other names 4 \ per cent: soma second iry names at 5 per cent. Foreign Exchange By United Financial NEW YORK. March 26—-Foreign ex-1 change opened higher Sterling, demand. 54.29*4: cables. 54 29%. Francs. D -roand. 5.39 He: cables 5.40 c. Lire, demand. 4.31 c: cables. 4.3mc. Belgium. demand. 4 28%c: cables, 4.29 c. Marks. 4,600.000.-I 000.000 to the dollar. Czseho. demand. 2.90 c: cables. 2.90 %e. Swiss, demand, 17.25 c; cable*. 17.27 e. Guilders, demand, j 36.94 c; cables. 36.97 c. Peseta*, demand. 12.98 c: cables, 13.00 c. Sweden, demand. I 28.45 c: cables. 26.49 c. Norway, demand. I 13.61 c: cables. 13.65 c. Danmark, demand, i 15.78 c; cables, 15.82 c. Dressed Beef Prices Wholesale soiling price* on dressed beef. 9wtft k Oo : Ribs—No. 2. 30c: So. 1. 17c. — No. 2,25 c: No. 3.18 c. Rounds—18c No. 3.10 c. Plates—No. 3, sc; No. 8. 7c. Cloverseed Market Local dealers are paying slo@l2 a bushel for cloverseed. f Stockmen, Growers, Organize By Timet Special SEYMOUR. Ind., March 26.—Tomato growers of the Brownstown territory have organized a Canning Crops Growers Association with eighty-eight members. Five directors. FYed Gossmaa, Earl Spurgeon, Charles Ireland, Anton Kuehn and Lemma Cross were \ elected. Livestock raisers of Jackson, Jennings. Scott and Washington counties have organized ft marketing association with outlet into Indianapolis yards. La Porte Company to Issue Stock The Oor Electric Company, La Porte, today petitioned the public service commission for authority to issue $24,700 in common . stock to John A. Norman as part of an agreelaent in the sale recently by Norman W eleven miles at transmission lines.

New York Stocks (By Thomas A McKinnon) ———■ —March 20—

Railroads— 12:46 Prev. High. Low. p. m. close. Atchison 99 ... 98 *4 99 Atlantic CL. 118% 117% 118% 118 B & 0 54% 53% 54% 63% C & 0 74,% 73% 74% 73% Del & Lack.ll9% 117% 119% 118 Gt North pfd 54 *4 ... 54 *4 54 „ Lehigh Valley 69% 69 69% 68% Mo Pac pfd. 37% 36% 37% 37 N Y Central. 100% 100% 100% 100% Nor Pacific.. 49% 48% 48% 49% Norfolk &W. 129 % 127% 128% 127% Reading .... 54 % ... 54 % 54 % Sou. Railway 54% 54 54% 54% Sou Pacific.. 96% ... 86 86% St. Paul pfd. 25% 25% 25% 25% St. L 4 S W 38 % 37% 38% 38% U Pacific 129 128% 129 128% Wabash pfd.. 43% 44% 45% 45% Robbers— Kelly-Spr 16% 16% 16% 16% U 5 Rubber . 30 % 30 30% 30 Equipments— Am Loeomo . 71 % ... 71 % 72 % Baldwin L0c.117% H 6% 116% 117% Gen Electric. 224 221 223 222% Pullman .. .116 115% 115% 115% Westingh El. 60% 60% 60% 60% Steels— Bethlehem... 52% 51% 52 51% Colorado Fuel 32 30% 32 30% Crucible .... 57 56 66 % 66 % Gulf States.. 70% 73 76% 76 R. Iron A S.. 48% 47% . 45% 48 C. S. Steel.. 99% 98% 98% 98% Minings— Gt Not Ore.. 30% 30 * 30% 30% Texas G & S 59 58% 58% 58% Coppers— Am Smelt.... 59 .... 59 59 Anaconda .. 32 % .... 32 % 32 % Kennecott . . 35 % .... 33 35 Motors— Am Bosch M 27% 27% 27% 28% Chandler Mot 48% 47 48% 40 Geri Motors. 14% 14% 14% 14%

ALL GRAINS MOVE WITH UNEVENNESS May Wheat Reflects Current Decline in Liverpool. By United Financial CHICAGO. March 26—Grains started with marked unevenness on the local Board of Trade today. May wheat opened off %, reflecting a sharp decline in the current delivery at Liverpool. July and September were up %. respectively, due to* feeling among leading operators who thought the present decline has discounted many bearish futures. Rains over the domestic Northwest have supplied sufficient moisture for some time and served to relieve apprehension over the winter crop. Corn trading was irregular May went up % while deferred deliveries were unchanged to lower. Improved demand and light movement strengthened May. Futures were inclined to work cautiously. Light receipts and moderate domestic demand, as well as delayed seeding, gave oats a stronger start. Trading in provisons at the start was slow at steady prices. Chicago Grain Table —March ‘2B— Prer - Open. High. Low. Close close. May .1.01% 1.02% 1.01% 1.01% 102 ■u'y .103% 1.04% 1.03% 1.03% 1.03% Sept. 104% 104% 1.03% 104 10* * CORN— May . 77% .78% ... % 77% .. * 78% 7:.’. 79 -9 ..9 Sept. . .79% -79% .78% .79% <9% OATS _ t n . May. 46% -47 .40% -4. 46% Tut.- 44% 4a .44% 4> 44% Sept 41% .42 .41% 41% 41% May AR Hb97 11.47 10.97 1102 10.97 May IBS 9~4S 950 942 950 947 MiF - .65% .67 .65 65% .65% July.. .86 % .68 % .66 % .67 % .67 % CHICAGO. March 26.—Car lot receipts! Wheat. 16; corn. 08: oats. 27: rye. 3 CHICAGO. March 20 —Primary receipts: Wheat. 668.000. against 719.000; corn. "44 000. against 019.000; oaie 4,3.000. again-t 693.0u0. Shipments: Wheat. 494.000 against 572.000’ com, 052.000, against 715.000; oats. 420.000. against 737,000.

Grain Briefs

CHICAGO, March 26.—The bear side of the grain market is retting too popular to be safe, is chances tof extensive profits are regarded as limited by a large number of operators. B W Snow's weekly report said winter wheat shows poor prospects in Kentucky and Tennessee and is below average in Ohio Indiana and Illinois. In the biz surplus dtrim, the Southwest, the condition remains favorable. Wheat prices are expected to continue on the down grade because most of the principal power comes from shorts who t/ike profits on decline# A large area of winter oats in the southern States has been abandoned because of winter kill. About 15 per cent of the spring seeded oats in Georgia also was destroyed by recent frosts. Produce Markets INDIANAPOLIS. March 26. —Fresh eggs, loss off. 18c: packing stock butter, Zocij springs, over 2 lbs., 23c; fowls, 4H lbgl up, 23c: fowls umler 4 t* lbs . 19c: Leg horn poultry. 5 per cent di*-ount: cccks. 14c: stag-s, 18c; young tom turkeys, IS ibs._ up, 24c young hen turkeys. 8 lbs. up, 24e; old tom turkeys. 18c: ducks. 4 lbs. up. 18c; g‘ese. 10 lbs. up. 14c: squabs. 11 lbs. to the doz. $5.50: Old guineas, dot . $4 50. Indianapolis creameries are paying 52c per ib. for butterfat. NEW YORK. March 26.—F10ur—Dull and unchanged. Pork—Quiet. Mess ?°4 75® 25.25. Lard—Steady : mid west spot $11.35® 11 45 Sugar—Raw. firmer. 0 78e refined, dull: granulated. 8 40® 8.60 c. Cuffhe—Rio snot. 15*■ @ls ®e: Santos No. 4 19 t* ®2O lie. Tallow —Inactive; special to extra 7H @7He. Hay—ifinn: No. 1, 511.50® 12.30: No. 3. $10.50® 13 00. f)-escd poultry—lrregular turkeys, 20® 35c: chlck*ns. 22050 c: fowls, 18@30c; capons 28 @4sc: ducks. Iking island. 25® 26c ducks. 27c. Live poultry—Easy: geese, 20® 21c; ducks. 13® 34c: fowls 28029 c: turkeys 35® 45c; chickens. 27® 35c broilers. 50® 55c; capon, 35® 42c. Cheese— Easv: state whole milk, common to special, 16® 25c: state skims. 12 b. 0 19c: lower grades. 5® 11c. Butter—Weaker; receipts. 13 331: creamery extra. 44’ic: spec'al market 45® 45 It c: stats dairy tubs. 38® 44c; Danish, 44 >4 f® 45 > c • Argentines, 38 U ® 43 c Eggs—Firmer: receipts. 31.476: nearby white fancy. 34®.35c: nearby state whites. 25® 33c: western whites. 23® 33c: fresh firsts 23V®27c: Pacific coast. 23 >4 ®3s\o: nearby brown*. 28030c.a CLEVELAND. March 26.—Butter —Extra, In tubs. 46® 50c: extra firsts. 47® 49c; firsts. 45® 46c: packing stock. 25® 30c; standards. 47® 49c; print"., one cent extra. Eggs—Fresh gathered northern extra*. 25c; extra first*. 24c; Ohio firsts. 23c: western firsts. 22 >4 c. Poultry—Live fat fowls, 27 ® 28c: springers. 27® 28c: Leghorns. 28® 240; roosters, 17® 29c; geese, 21®220; heavy white ducks, 28® 30c: light colored ducks. 24®C5c: medium fowls, 25c: turkeys, 28c: stags. 19® 20c. Potatoes —Michigan round white. s2® 2.25: Minnesota whites, branded. $1.3001.60; New York. $2.25® 3.35 ner 150 pounds: Ohio. $1 @ 1.10 per bushel. CHICAGO. March 36.—Butter—Receipts. 8 707: creamery extra. 4St4c: standards. 4.3 c: firsts. 41 H ®42e seconds 40,® 40 e. Eggs—Receipts. 13302; ordinary firsts. 20 ®2OHc: firsts. 21>s®21V4c. Cheese — Twins. 20®20Vie: young Americas, 21c. Poultry—Receipts. 1 car; fowls. 26c: ducks, 28c: geese. 16c; turkeys. 35c: springers, 30c; roosters, 17c. Potato"# —Receipts, 295 ears Wisconsin round Wllte*. $1.20 ® Y3O; Minnesota sod North Dakota Red River Ohio*. 51.30&1.45

Prev. High. Low 12:45. close. Max Mot(A) 44% 43% 44 44 Max Mot <B) 11% 11% 12 Studebaker... 98% 92% 93 92% Stewart-W.. .. 78% 77 78% 78 Timken .... 38 35 % 36 35 % Willys-Over... 11 10% 10% 10% Oils— Cal Petrol.. 24% 24% 24% 24% Cosden .... 34% 344% 34% 34% Houston Oil. 69 .... 69 68% Mariand Oil. 37% 30% 37 37 P Am Pete... 48 47% 47** 47% P-Am P (B). 46% 45% 46% 45% Pacific Oil.. 51% 51 51% 51 Pure Oil ... 23% ... 23% 23% S. OIL of Cal 01% 61% 01% 61 % S Oil’of N J 37% 36% 30 37 Vi Sinclair .... 22 21% 22 21% Texas. Cos 41% 41% 41% Industrials— Advance R.. 9 % .... 9 % 9 % Am Can... 10S% .... 105% 108% Am Woolen.. 70% 09% 70% 69% Coca C01a... 04 % 64 64 % 64 % Cont Can. ... 47% 47% 47% 47% Davison Ch.. 54% 52% 53% 63% Fam Players. 65% .... 05% 65% Gen Asphalt 38 % 37 % 38 38 Inter Harv.. 82% .... 82% 83% Mont & W . . 25 24% 25 24% Sears-Roe. . . 85% .... 85% 86 U. S. C. I. P.. 77 % 75% 77 76% C. S. In. Al . . 68 % ... 65*, 68% Utilities— Am T & Tel 128% . 128 128% Con Gas 62 % 61 % 02 62 Shipping— Am Int Corp 18% 17% 18 In M M pfd.. 27 26% 27 27 Foods— Am Sugar... 51*4 49 % 51% 50% Am Beet Sg. 43 42% 43 43 CC Sg pfd.. 05% 65 65% 6o C-Ant Sugar. 34’* . .. 34% 34 v* Punta Alegre 63 % .... 63% 63% Tobaccos — Am Sumatra 13 11 12 11 Tob Prod (B) 55% 54% 55% 00%

CURB SETS SLOW PACE IN INITIAL DEALINGS Sinking Spell Among Standard Oils Develop Around Noon. By United Financial NEW YORK. March 26.—A very slow pace prevailed in the curb market during the forenoon dealings today and the trend was one of heaviness. Toward 11:30 a. m. a sinking spell developed in some of' the Standard <>ils which carried Vacuum and Standard OH of Kansas off 1% points each. Eureka Pipe l.ine 1, Indiana % and Penn Mex Fuel % point. , Inde;*endent oils wore steady with price variations at a minimum. There was little of interest in the 1 industrials, the tendency apparently being to await the trend of trading on ; the stock exchange. A newcomer was Fairbanks. Morse and Company 375,000 authorized shares of common stock of no par value, when, if and as issued. They had a high of 28. FORENOON BOND PRICES SOMEWHAT IRREGULAR liberties and Industrials Rule Steady —Tractions Off. By United Financial * NEW YORK, March 26.—Forenoon bond prices were somewhat Irregular and certain grades displayed declining tendencies. Liberty loans ruled steady. Cable reports announcing the resignation of Premier Poincare had no effect on the foreign list. French 7%s amiss were fractionally lower at 94 and 97%. Tractions, which showed marked strength last week, again reacted from the recent highs. B. M T. 6s. 76%. against the high last week of 77%. I. R. T. 6s, 68. off 2 from last week’s high. Third Avenue refunding 4s were up % at 5%. but adjustment 5s were off 1 at 45%. Among the rails, St. Paul 4s were up % at 84*4. Norfolk & Western convertible 6s, 128. up %■ The industrials were steady. Indianapolis Stocks —March 26 Bid. Ask American Central Life 200 ... Amor Crennottnr Cos pfd . 97% Advance Runiely Cos coxa . . 9 ,9 % Advance Rumely Cos pfd 33 36 Belt R R com <4 <9 Belt R R pfd M Century Bldg Cos pfd 98% ... Cities Service Cos c0m...... . . ... Cities Service Cos pfd...... ■ Citizens Gas Cos com 30 Citizens Gas Cos pfd 102 ... Indiana Hotei com ' *OO ... Indiana Hotel pfd 100 • •• Indiana Pipe Line Cos 92% 04% Indiana Title Guaranty Cos 85 ... Tndpls Abattoir pfd 69 Indianapolis Gas ■ 63 50 Ind pis A Northwestern pfd 86 42 Indpls A Southeastern pfd. 45 Tndpls 9t Ry 60 ‘>3 % Indpls Tel Cos com 1 Indpls Tel Cos pfd 90 Mer Pub ITtll Cos pfd ... 82 ■ National Motor Car Cos 2 Public Savings Ins Cos 12 i.3 Rauh Fe’-filizcr pfd 40 • • Standard Oil of Ind 60 02 Sterling Fire Ins 10 11 T H I k E com 2 6 T H U E Did 10 20 T H Tr and Lt Cos pfd ... 88 ... Union Trac of Ind com .. 4 Uuion Trac of Ind Ist pfd. .13 30 Union Trac of Ind 2d pid 7% Van Camp Prod Ist pfd 100 Van Camp Prod 2d pld 100 Vandalia Coal Cos com 3 Vandalia Coal Cos ifd 7 10 Wabash Ry Cos com ........ 10% Wabash Ry Cos pic l Bonds Belt R R A S V 4a May. 1980 SI Broad Ripple 3s, July, 1923. . 60 ... Cent Ind Gas ss. Sept.. 1931 . . ... Cent Ind P Cos 6s. July. 1947 . ... Citizens G;is os. July, 1942. . 87% 88*4 Citizens Gas 7s serial 101 104 Citizens St Ry ss. May, 1033 80% 81 Ind Coke & G (is. April 1940 90 03 Ind Hotel 5 July, 1931.... 94% 99% Ind Hotel Cos 2d os. draw. . .100 ... Ind North 5, Oct., 1033 ... Ind Hi A Lt ss. Jnn., 1943. .91 ... Ind Serv Cor ss. Jan.. 1950. ... . •-* Ind Union Trac os July, l!* ■ Indpls Ab Cos 7%5. Sept.. '3l 99 103 Indpls Col ASo 6s. Feb. 19-18 96 % 100 Indpls Gas 6s, Oct.. 1953... 86% 88 Indpls L & H ss. April. 1940 96 97 Indple & Mart ss, Jsn . 1932 . . 61 Indpls Nor ss. July. 1932. . 42 40 Indpls A Nor ss. Mar.. 1923. 42 43 Indp’s & S E ss, Jan., 1936. .25 Indpls S A S E 5, Jan.. ’32 30 Indpls St Ry 4s, Jan . 1933.. 61% 63 Indpls T & T ss, Jan., 1933.. 88% 89% Indpls Un Ry ns, Jan., 1965 04% Indpls Un Ry 4%5. May, ’26 95% ... Indpls Wa 5%5. March. 1953 90% 99 Indpls Water 4% . 90 91 Ind Pub Ser 6s, April, 1943 89% 92% T H I & E ss. Aug . ’45. 02 03 T H Tr and L ss, May. 1944 82 Un Trac of Ind os. July. ’32 57 60 Bank Slocks Aetna Trust and Savings Cos. . 92 Bankers Trust Cos. 110 ... City Trust Cos 116 ... Continental National Hank, i > ... Farmers Trust Cos 200 Fidelity Trust Cos 150 ... Fletchpr American Natl Bank. 135 143 Fletcher Sav and Tr Cos 205 225 Indiana National Bank 255 305 Indiana Trust Oo 210 222 Live Stock Exchange Bazik.. 190 ... Marion County State 8ank..150 ... Merchants National 8azik....300 ... The Peoples State Bank . 9 nf ' Security Trust Cos. 150 * .*. State Savings and Trust Cos. : 130 Union Trust Cos .....310 360 Wash. Bank and Tm‘l Cos. . . .125 SI.OOO Citizens Strc Ray. 6s 80% SI,OOO Indpls Tr. and Term. 6s. . . . 88% *. - 4 Tank Wagon Prices (Gasoltne prices do not include State tax at ie a gallon.) feASOLINE —Energer, 22c a gallon; Purol. 18'fc: Red Crown, 18.2'-: Diamond ga# 18.2 c; Crystal Pep, „lc; Target. 18.2 c; Silver Flash. 22c; Standolind aviation. 23c. KEROSENE—Cryatalino, 12.7 c a gallon. Moore Light, 15.6 e; Arelito, 18.7 c; Perfection. 12.7 c: Solvent, 35c. NAPTHA—Lion Power C!*aers, 23.6 c a rnr°ft fi ' * 88 fto; stttndolln<l

THE INDIANAPOLIS TIMES

SOI NOGS SELL SLIGHTLY HIGHER i • Sales at $7,65 Show Gain Over Tuesday, Hog Prices Day by Day Mar. 250-300 lbs. 200-275 lbs 150-180 lba. 20. 7.65@ 7.70 7.05 765 2L 7.85 7.85 7.85 22. 7.75 7.75 7.75 24. 7.80® 7.85 7.80® 7.85 7.80® 785 25. 7.00 7.60 7.00 26. 7.60® 7.65 7.00® 7.65 7.60® 7.05 A stronger demand far hogs caused slightly stronger prices in trading at the local livestock market today, though the price range of $7.60 and $7.65 remained unchanged. The strength in Trices resulted from the increased sales at $7.65 as compared with Tuesday’s transactions which came as the natural sequence to a greater inquiry from shippers and good demand from local killers. Trading opened on a $7.60 basis but soon buyers were bidding $7.65 and as a result an equal number of droves sold at each price. Sows and pigs were slightly stronger, due to increased competition, and pigs sold dow*n from $7.50 and good, smooth sows down from $6.75. The day’s receipts were 8,500, including 325 holdovers, but practically fill the offerings were taken in the early round of trading, shippers and packers having divided the receipts in about a normal proportion. Cattle trading was done on a practically steady basis with large buyers active from the start. Few steers were among the receipts of 1,000 head, but the (offerings of butcher stock were of good quality and the trade confined Its activities largely to the purchase of this closb of stock. Steadiness marked trading in the calf division, choice veals continuing to command a top of $12.50 while the bulk sold from $11.50 to sl2. Receipts 600. Sheep and lamb prices, quality considered, were regarded as steady, lambs selling down from $15.50 and sheep down from $9.50. Receipts 100. —Hogs— Choice lights 7 60® 765 Light mixed 7 60® 705 Medium mixed 7 00® 705 Heavyweight* . . 7.60® 765 Bulk of sales 7 00®. 7.65 Top 7 66 Packing sows . . 6.25® 6.75 Pigs 7.00® 7.50 —Cuttle— Prime cord-fed steer*. 1.000 to 1.800 lbs $ 9.00® 10 50 Good to choice *teer, 1 000 to 1.100 lb* *so® 900 Good to choice stern,. 1.000 to 1.200 lbs 7.00® 7.50 Good to choice steer* 1,000 to 1.700 lb* 0.05® 7.50 Common to medium stfer* 800 to 1.000 lb* 6.00® 7.00 —tows out Heifer*— .Good to light heifer* $ 6 00® 9 50 Good heavyweight 7 25® 8 00 Medium heifers . 6 00® 7.00 Common cow* .too® 000 Fair cow* 0.00 7.25 Canper* 2.85® 3.75 —Bulls— Fancy butcher bulls $ 500 ® 6 00 Good to choice butcher bull*. 5 00® 5.50 Bologna bulls 4 25® 4.75 —Calve*— Choice veals sll 00® 12 50 Good veal* 10 on® 11 .on Lightweight veal* 7 00® 000 Common heavlc* 5.00® 7.U0 Tup 12.50 —Sheep an* Lambs— Hrira choice lamb* $1 * OO® 15 50 Heavy lambs 10.00® 13 00 Cull lamb* - Good to choice ewe* 5 09® 9 00 Cull* 3 00® 500

Other Livestock CHICAGO. March 26.—Cattle i*vnpt. ! 8,000, market for beef steers and yearlings; rif. -spy steady to strong spot* higher; i fresh medium and heavyweight steers early, j sll 85; year Ime liberally offered; fal she ■ stock and handy and heavy vealers steady: buik to packers. $lOlO 50; light vealers unevenly lower: eantiers and cutters and bulls ■ slow, weak: stockers and fseders stea'iy. ! Sheep—fkeiiyt-. T.U'JO; market very active, fat' Am!-* 25c higher: sie-ep and feeling | lamb# strong early bulk fat woo ted lambs. $15.76® 10 26; best kinds to shippers early,; $16.50 0 10.65; choice medium fat ewes up fn sll 50: bulk shearing lambs. $15,75. Hogs—Receipts. 29,000: market slow. 5® I lb- tow.r top $7 10: bulk, $7 1007.40:! heavyweight, $7.10® 7.36: mediutnweivht. *7 20® 7 40: lightweight $7.1507.40: light lights. $6.35® 7.83; pa- king wows, smooth. $t iJD® 0.SO: packing sows rough. $0.50® 0 65: slaughter pigs, $306.75. PITTSIU RGH. March 26.—Cattle—Receipts, light: market, steady: choice. $9.63 ® 10.25 good $8.75®9 50: fair $707 75; veal calves. $13.25® 14. Sheep and lr.mb* —Receipts. 2 double deckers: market, steady; prime wethers, slo® 10.50. good. $8.50® 9.50: fair mixed $7 0 8 lambs. $7 014 25. flog*—Receipts, 20 double deckers: market, lower prime heavy. $7 80® 7 90: mediums sß® 8.10: heavy Yorkers. $8 0 8 10: light Yorkers $7 750 8 pigs. $7 75 08: rough. s6®6 50: stags. $.304 EAST BUFFALO, March 26 —-Cattle—Receipts 175 market active, steady whipping w*ecrH $9.50®11: butcher grades. $8 25® 9 25; cows. s2® 0.23. Calves—Receipts. 200: market slow $1 higher: cull to choice s s6® V' 50. Sheep and lamb*—Receipts. 2.360; market slow. 26 0 50’ lower: choice lambs, $16016.76: cull to fair. *9 7.3® 1 5 50l yearlings. $4.50m. Ift: sheep. s3® 12.75. Fogs—-Receipts. 9 600 market, slow to 16025 c lower; Yorkers. SBOB 10: pigs. $7.75® 8: tnixhd. $7.900 8; heavy. $7 900 8: roughs. s6® 6.75; stags. $4 50 0 5 ct\ttv\’aTT March 26 -Cattle—Receipts, 850; market, steady; eteers, good to c-hoio $< ’OO 9 75: calves, market, steady: good to choice, $lO 50017 50 Hogs—Receipts. 5 800 market, packers slow to 20c lower; good to choice packers and butchers. $7 90 Sheep—Receipts. 25c: market, steady; good to choice. sls 50016 EAST ST. LOUIS. March 20.—Cattle — Receipts. 2.600; market beef steers steady; native beef vteers, $809.50; yearling# and heifers, $8.25 up; cows. $4.7606.25: cann?r and outters. $2.25 03.60; calves. $10.50; stockers and feeders, $5500650. Hog*—Receipts. 18,000; market 10c to 20e lower; heavies, $7.2007 40: mediums, $7 25 0 7.45: lights. $6.750 7.50; light lights, $6 2507.35: packing wows, $6.2506.65: pig*. $5.5006.90; bulk. $7 Sheep—Roceipts, 1.0O0; market steady; ewes, $7011.25; canners and cutters. $2.60 07; wool lambs, $14010.26. CLEVELAND. March 26.—Hogs—Re ceipt*. 7,000; market 5o to 10c lower; yorkers. $7.90; mixed, $7.90: medlfim, $7 90: pigs. $7 50; roughs. $0.23: stags, $4 50. Cattle—Receipts, 200: market steady and unchanged. Sheep and iambs—Receipts, 500; market 350 lower; choice lambs, sl4. Calves—Receipts, 200; marki t steady; top, $13.50. KANSAS CITY, March 26.—Cattle—Receipts. 5.000; calves, 1.000; market slow; practically no early sales of beef steers; part load of mixed yearlings, $11: she stock around Steady; bull* and calves steady; practical top veals, $10; Miockers and feeders dull, around steady Hogs—Receipts, 12,000: si iw. 5010 c lower to shippers: desirable 190 0 230 lb. averages. $7.16; holding best miniums, $7.20 1u 7 25: buik 150® 170-lb. average-, $6.6006.90; packing sows. $6.250 0.35. Sheep—Receipts. 1.600; few early sales of clipped lambs. $13.75014: no wooled lambs sold early. In the Cotton Market By United Financial NEW YORK, March 28.—The cotton market opened lower: May,' 26.90 c. off 30 points: July. 26.50 c, off 35 points; September, 26.10 c, up 5 points: October, 24.38 c. off 7 points; December. 23.05 c off 12 points. Department of Commerce preliminary figures show 37,742.143 cotton spinning spindles in place in the United States on Feb. 29 of which 32 683.786 were operated at some time during the month against 33.339,808 for January and 36.304.4:.‘3 for February. 1923. Active spihdle hours lor February totaled 7.304.102.054 Raw Sugar Market By United Financial NEW YORK March 26.—The raw sugar market opened heavy- May. 6.60 q; July. 3.12® 6.18 c; September, 6,07® 5.10 c. Local Wagon Wheat Indianapolis mills and elevators art paying $1 for No. 8 iwd wheat: other grade* ob their Birlta

’Twas Bad Spill for Prince

LOOKS AS IF ’IS TGHNESS, THE PRINCE OF WALES. IS PLAYING A REGULAR LITTLE GAME OF “OFF AGAIN, ON AGAIN.” HE DOESN'T SEEM TO BE ABLE TO STICK ON HIS HORSE. BUT IN THIS, HIS SIXTEENTH TUMBLE, EDDIE (+ERTAINLY DID G&T MUSSED UP. TO MAKE MATTERS WORSE. HIS MOUNT. "LITTLE FAVORITE,” KICKED HIM RIGHT IN TIIE FACE. HERE WE SEE THE PRINCE. WITH BLOOD TRICKLING DOWN HIS FACE. BEING ASSISTED TO HIS FEET.

MRS. STINSON TELLS OF SINCLAIR ‘DEAL’ (Continued Frown Page 1) ington?" asked Senator Jones. “Several thousand dollars.” “Did he tell you where tills money was coming from?” “That was a matter that was embarrassing to us both. He talked freely at first but he grew more cautious later and so did I.” At*tllis pomt Mrs. Stinson told the committee about the $33,000,000 “deal" of the five friends of Daugherty and Smith. Gives More Details Ashurst asked Miss Stinson to give more details regarding the $33,000,000 deal. “Jesse Smith and I weer at home in my apartment,” she said. “He mentioned losing money on the stock market.' I asked him why he didn’t stop it. He stiid he would and he did the following January. He said ‘just think five fellows made $33,000,000 in ,Itiot a few days on the st.Sek market.’ I asked him jf Daugherty and h were in on it. He said ’no, and they were good friends of ours, too ’ " “Did he mention the names?” “I rather imagine he did.” "Well, tel! us the details,” Ashurst Insisted. “I don’t like to and I have a good reason for it. too.” “What I would like to know.” Brookhart broke in. "is whether E. B. Mclyiun was one of them?” Mrs.- Stinson did not answer. Brookhart announced the matter would be taken under consideration in executive session and it would then be decided whether she would be required to answer. Tells No One Names Mrs. Stinson said she had told no one on the committee —not even Senator Wheeler —the names of the men mentioned by Smith in the $33,000,000 oil deal. Mrs. Stinson then was excused. She will be crosa-examlned by Daugherty's counsel latc*K Brookhart rend a series of telegrams that passed between Smith, Daugherty and others. Most of them related the movements of Daugherty and Smith. OnP was from E. B. McLean "t Palm ach. Fla., inquiring about Daugherty's health. At the conclusion ct the reading

Business News

WASHINGTON M.ir<-h 20 —Total February merchandise imports were $333,600,000. asralnet 8303.412.000 I ebruary. 1933. Total exports $300,135,000, against *306.967.000 In February, 1923. NEW YORK—United State" Steel subsidiaries, which were operating at 90 par cent a fortnight ago. have increased their operations and are running practlcilly full. With steel production at a record rate, trad* estimates are that the Incoming business is about 10 per cent below the output. NEW YORK—There was a slight drop in the valuo of the aales of motor accessory manufacturers tn February. Total sales of 300 manufacturers reporting were $47.774.000. against $51,028,000 tn January and S4B 518.700 in February. 1923. It Is the Opinion in the trade that *the decline is a,-counted for largely oy lower price* and that the actual volume was bomowhat larger than in 1923. NEW YORK—The German loan “when, as and if issued" will he one ot .the largest loan* In the history of International banking. This faet was established through conversation* with local bankers. who have taken active part In the major foreign loans in the past As has been erroneoußly reported here from time to time, neither European nor local bankers have been "working’’ on the loans. The entire affair rests on the report of the Dawes committee of experts, which is scheduled for April 1. but which mar bo delayed at least a month. WASHINGTON— Employment at Industrial establishments increased in February and the output ol basic commodities was slightly larger, according to a summary of business and financial conditions throughout the country for February and March, given out by the Federal reserve board. Distribution, both wholesale and retail, continued largo. NEW YORK—Word has reached oil interests in New York that Mexican workmen have seized the properties of the Mexican Eagle Oil Company. Ltd , near Tampico. on which they formerly were employed. and have hoisted the red flag over the plants. The Mexican Eagle Company is the largest eubaidtary of the Royal Dutch, and news of the seizu:-e caused constaroatlon among American companies with properties in the Tampico district. WASHINGTON —Business conditions over the country are in good shape and the outlook for the remainder of 192! Is bright. Secretary of Commerce Hoover declared, pointing out that building contracts are an important Index - to fundamental economic factors. The secretary stated that they are now larger than they were one year ago. Unemployment i* slight, it was explained. There U some unemployment in the bituminous coal Industry, the secretary stated, but this i due largely to the fact that high cost mines are closing down from eompettliv* conditions from the low cost and m*N •flUtea* antßM,

of the telegrams, the committee adjourned until 10 a. m. Thursday. EARLY INDICTMENT ASKED Sinclair Contempt Case Goes to Federal Grand Jury Thursday. By PAUL R. MALLON, United Press Staff Correspondent WASHINGTON, March 26.—The ! Sinclair contempt case will be placed j before the Federal grand Jury Thursday' with a request for an Indictment, District Attorney Pey'ton Gordon announced today. Prompt action is expected from the jury by Gordon as the Jury dissolves March 31. Al Jennings, former train robber, j arrived today to tell the Senate oii committee what he knows about re- j ported "deals" at the 1920 Republican I national convention. Confers With Walsh Jennings immediately conferred j with Senator Walsh. Montana, who will question him Thursday. He de- | dined to be interviewed, but hinted j his testimony would be “enlighten- j ing.” Asked about his train robbing ex- I ploits, Jennings replied: “Yes. I was a bandit, but I never j was Secretary of the Interior.” R. H. Wilson of Oklahoma City, who Is said to know something of the same deal. Bank Officials Called Officials of the Empire Trust oU New York are to tell what collateral | Will Hays deposited with them in con-j nectlon with a Republican party cam-: paign note. Hays testified he used the $76,000 donation of Sinclair to pay the Interest on the note. CHASE ACTION POSTPONED Official Copy of Impeachment Resolution Is Delayed. By United Press WASHINGTON, March 26.—Conoid | ©ration of the Senate resolution aak- i ing im preachment of C. C. Chase, son- \ in law of Albert B. Fall, was postponed today by the House Judiciary Com j miti.ee. Tne official copy of the resolution j and attached testimony which was | : eferred to the committee Tuesday; and and not reach it in time for considera- i tion at today’s meeting. Chjairman Graham said the question would probably be taken up at j Thursday's session. Marriage Licenses W Heck 8, ?052 S. Meridian, printing prewiman: Josephine Greer. 22. 2660 S. California, remodeler. Fred Brethauer. S3. 860 Beville, laborer: Belvia Border. 20, 1616 Reisner. Births Boy* Hurry and Barah Bechri*t, 61 N Warm&n. William and Lena Pease, 1925 Lexington. David and Gertrude Jackson, city hospital. Cleo and Zovalla Llgrous. city hospital. Roy and Mary Ward. 1804 E. Maryland. Walter and Lulu Banks 2841 Chestar. Thoma* and Elizaheth Sweeney, city hospital. Girl* Jack and Mabel Grubb*. 1804 9urr Grove. John and Marian Robinson city hospital. Prank and Cora Smith, city hospital. John and Cleopatra Teeter*, city hospttal. Sam and Deniltra Smyrnis, 543 E. Market. Henry and Grace Nietrn, 1035 N. Temple Patrick and Blanche Conway. 758 N. Tremont „ , Sylvester and Thelma Hughes. 604 Virginia. . _ Ware and Katie Lane 1430 Kappes. Calvin and Pearl Pavia, 2325 Pari*. Thomas and Minnie Cummins, 717 E. Ohio Arthur and Myrtle Miller, 1629 Colmar. Leon and Lois Leondiades. 338 Douglas. Arvil and Mabel Wheeler. 1403 8. Eastern. Hezekiah and Minerva Bales. 615 W Frank and Louise Wientranff. 533 W Morris. Georg* and Eva Simmon*, city hospital.

Deaths Satie Effie Landram. 32, 1401 Shelby, carcinoma Adah C Thomas. 43, 2209 Central, chronic cholecystitis. Donald Ray Deibel, 8. 1645 N. Alabama, cerebro spinal meningitis. John Riley Cox. 61, 2274 N. Rural, cerebral hemorrhage. Helen Virginia Miles. 30. Deaconess Hospital, acute dilatation of heart. Arthur Kallenthaler. 14, city hospital, acute appendietti*. Edwin M. Stout, 7fl. Deaconess Hospital, hypostatic pneumonia. * Joseph M. Stobo, 73. 1517 Montcalm, broncho pneumonia. Leo Long. 3 days, 1609 Southeastern. premature birth. Arthur Long. 1 day 1609 Southeastern, premature birth. Arthur N. Thomgft 30, Deaconess Hospital. septicaemia. Edward H. Perry. 74. 3330 Ruckle, chronic myocarditis. Frank Madinger. 54, 4215 E. Tenth, cerebral hemorrhage. Dorothy Barrett. 4. 808 W. Walnut, whooping cough. Police Quiet Crowd Oakra Denny, 22, of 1149 Kentucky Ave., is slated today on charges of inciting a riot, disorderly conduct and resisting an officer. H© was arrested at a west side theater Tuesday night, where police made tw* tripe to quiet a crowd.

MAY MARRY AT 101 Man of 99 Gets Divorce; Refused Remarrying for Two Years. By Times Special SEYMOUR, Ind., March 26.—J. Frank Flslar, aged 99, living at Farmington, was granted a divorce today in the Jackspn Circuit Court from his wife of 50, and forbidden to remarry for a period of two years. * They were married in 1917, but have not lived together for the last two or three years. Mr. Fislar and his son, Oscar Fisjar, 75, work together and last fall did part of the corn shucking on their farm. councillnll HEARPROBEPLANS Methods to Be Presented Thursday, Legal counsel retained by the city council investigating committee will present methods to be pursued in the council’s probe of charges asains' city department officials to the committee Thursday night, Ll r ”d D. Claycombe, chairman, said today. The committee probably will draw up an ordinance £>r an appropriation to covei expenses of the investigation. No witnesses wfll be called until definite charges have been made, Claycombe said. Public hearings will be held in the council chambers after a method of procedure has been adopted. Figures to show he lost $10,009 in the construction of Brookville Rd, adjoining his property, were compiled by Mayor Shank Tuesday to combat criticism of his part in the deal made by Councilman Otto Ray.

He’s Out

RAYMOND POINCARE

By XRA Service “pj" ARIS, March 26.—1n * his stormy political career Raymond Poincare has been called: “A political cipher.” ‘‘The best informed man in French polities.” ‘‘A man with an extraordinary sense of the right time to do the right thing.” ‘‘A stupid blunderer.” “A reactionary and militarist.” ‘‘A stanch patriot.” Poincare has belonged to that school of French political thought that aimed at French supremacy on the continent, strict enforcement of the Versailles treaty and use of punitive measures to collect German reparations. His career in brief: Porn Bar-le-Due, I860: studied law; member Chamber of Deputies, 1886; minister of public instruction, 1893-95; minister of finance. 1906: prime minister, 1911-13; president of French republic, 1913-1920; prime minister, 1922—.

GERMANS SACRIFICING Adults Going Without Food to Increase Cliildrens Supply, Is Report. Reports from Germany state that the people are doing; all thac is possible to relieve the food shortage, but in many cases adults are going without food in order to give the chil dren something to eat according to L C. Huesmann, chairman of the com mlttee which will conduct the local campaign to raise money for the relief of German children. German farmers are caring for 300. 000 children and have contributed 45,000,000 gold marks for relief work, the report states. Crew Under $4,000 Bonds By Times Special ANDERSON. Ind., March 26 Rollin Flynn and Charles Sawyer of Muncle were under $4,000 bond today awaiting trial on indictments charging them with involuntary manslaughter for the death of eighteen persons in the Fortville interurban wreck. They composed the crew on the eastbound car in the wreck. Patient Makes Escape Linden Leonard, 72, formerly of' Parke County, escaped from the Central Insane Hospital Tuesday, according ,to police.

I BUY AND SELL

LIBERTY BONDS 416 LKMCKfi BUILDING

PROPERLY OWNERS OISCUSSWIDENING New York St, Project Before Board of Works, Scores of interested property owners were present at a public hearing on widening E. New York St. from Alabam St. to Emerson Ave. before the board of works today. Although the resolution provides only for widening between Randolph St. and Arsenal Ave., the entire project hinges on decision on this section. Property owners in the vicintiy of Randolph §t. have objected, contending cost would reach $2,000,000. John L. Elliott, city engineer, says it would be $600,000. The Irvington Business Men’s Association advocates the widening to relieve congestion on Washington St. GREER RIMS ALLEAVIf THRONE Refuses to Abdicate Until vote Confirms Republic, By United Press BUCHAREST, March 26.—King George of Greece announced today ha will refuse to abdicate the Greek throne until a national plebiscite confirms action of the assembiy<at Athens in dethroning the dynasty and declaring a. republic. Plebiscite Planned By United Press ATHENS. March ?6.—'The Greek-' constitutionalist committee issued a proclamation today against dethronment of the dynasty, alleging a “republican militaristic minority” was responsible for the assembly's action. Preparations are under way to hold a national plebiscite. MORPHINE VALUED ATM STOLEN Burglar Seen Running From, Store to Car at Curb, Three bottles of morphine valued at sl2 were the A. R. Taylor drug store. 4157 Boulevard PI., Tuesday night.* police say. Earl Mounce, 4142% Bou.ovard PI. called police when he heard a crash of glass and saw a- man run from the store to a car waiting at the curb. Other theft victims: Mrs. Jennie Denney, 2347 N. Pennsylvania St., clothing, $170: Fred Teaman, 1524 N. Sherman Dr., Zouave costume from Gayety Theater, $25; James Bright, 1445 W. Ohio St., banjo, $754; Windsor Jewelry Store, 135 N. Illinois St., ring, $75, following visit of two unknown women. i

POINCARE RESIGNS ASFRENCHPREMIER (Continued From Page 1) The first count showed the government defeated by fifty votes, but a recount resulted in the defeat being officially announced as by seven votes. Count De Lasteyria grabbed up his papers and hurried out to find Poincare, amid pandemonium in the chamber. Poincare was before the foreign affairs committee in the chamber building. entirely ignoranfi his government had fallen. The count got word to him in the midst of a speech. “Gentlemen, I am sorry I must leave." Poincare told the commission and as a number of excited deputies crowded around the door and pleaded with him not to resign, he forced his way through them and rushed over to the Quai D’Orsay. Session Is Brief After a brief session with his ministers, he went to the Elysee at 12:45 p. m. Shortly thereafter those minister? who had not been able to reach the Quai D Orsay in time came to the president's palace. As soon as had arrived, Poincare presented the cabinet's resignation. President Millarand asked him and his ministers to remain in office despite the adverse vote, but they refused to do so. Political observers blame Count De Lasteyre for the crisis. They say he made a grave error in putting the question to the clumber in the form in which he did. % Acceptance is Reluctant President Millerand was extremely dissatisfied with Poincare’s insistence upon resigning. After relutantly acceotinv the resignation, he ordered the entire cabinet to appear in the chamber {this afternoon. He requested the presidents of-the senate and the chamber of deputies to be there and said he would explain his attitude Pollitical circles were speculating on whether Poincare would accept Millerand’s expected invitation to form anew cabinet. If Poincare refuses, the name of Louis Barthou is mentioned as his most likely successor. * Special Mission Meeting The American Rescue Workers will hold a special service at the mission hall. 523 King Ave., at 7:30 p. }1; . Sunday. Special music has been engaged.

11

Newton Tom