Indianapolis Times, Volume 38, Number 283, Indianapolis, Marion County, 3 March 1927 — Page 13

PORKER PRICES MOVE DOWNWARD 15 CENTS

SHARP SETBACK NATURAL SEQUEL TO LARGE GAINS Reasons Given for Reaction Called Absurd by Observers.

Average Stock Prices

Average of twenty industrials Wednesday was 159.07, off 2.35. Average of twenty rails was 125.48. off 1. 8.1. Average of forty bonds was 96.30, off .01. Bu United Press NEW YORK, March 3. —Some of the reasons advanced for yesterday's break were regarded as absurd by experienced observers, who characterized the sharp setback as a natural sequel to extensive gains over the last few weeks. It was felt technical conditions were far stronger than a year ago, and it was believed that the current reaction would prove brief in duration and would be followed by resumption of the upward movement in the main body of stocks. Leaders Regain General Motors rebounded 1% to Steel, % to 158; Baldwin, Vs to 18914; Allied Chemical, 1% to 140, while other leaders came back in proportion. Stocks turned dull after further reactions in the late morning and prices in the leaders moved in a narrow range around noon. Encouragement was given to speculative sentiment by the indifference which pivotal issues displayed to bearish effort. Absence of large scale liquidation was interpreted to mean that the public was not in a selling mood and this caused resumption of buying in special groups. Tires Wanted Tire shares were in good demand on the belief that price cuts had been discounted, and this class was in a position to respond to the outlook for large spring sales. KellySpringfield advanced to 12%, up^S points from the low, following publication of the company’s poor showing for 1926. Kelly’s earnings have shown great improvement in the last few months, January’s record having been the best since the company started in business. U. S. Rubber also acted well, rallying to 65%, up VA from the previous close. STREET WILD Flurry Caused by Report of Critical Condition of Doherty Bu Times Special i NEW YORK, March 3.—Rumors ’that Henry L. Doherty, oil magnate, was critically ill, Baltimore flew wildly around Wall Street today. As a result a selling wave set in on Cities Service Company stock, an oil company which Doherty heads, on the curb market. The stock broke ten points, selling down to 48 after having sold at 57% and having gone as high at 57%. Curb market officials then ordered trading in the stock suspended for an hour to permit specialists to meet the situation. NEWS EXAGGERATED Specialists Say Capitalist in No Danger. Bu United Press BALTIMORE, March 3.—Henry L. Doherty, capitalist, whose condition was reported critical on 'Wall Street today, is in Johns Hopkins Hospital here, where he has been since Dec. 19. Specialists who have been atteflffing him reported to the Ignited Press today that his condiiton was in no way serious, and that he was “very much alive.” CORNER ENDED Technical Condition of Wheeling Now History; Reports Suspended. By United Press NEW YORK, March 3.—The technical corner in Wheeling & Lake Erie Railroad is now past history. (Starting today stock exchange members are no longer compelled to submit reports of their transactions in the issue, and the board has listed anew issue of the common stock recently approved by the Interstate Commerce Commission. * When a group of railroads bought up most of the floating supply of Wheeling & Lake Erie, shorts found themselves unable to obtain shares to cover commitments. The price was forced to abnormal proportions and the exchange stepped in to determine if a corner existed. No results of the investigation were given out, and it was expected the matter now will be dropped.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK, March 3.—lnterest in the sugar markets lies for the most part in daily transactions in raws. Prices, for refined sugars or futures show little, if any, change. Large quantities of raws continue to sell at 3 V). The futures market is receiving effective support and I think purchases around current levels will prove profitable to those who will hold.

In the Cotton Market

(By Thomson & McKinnon) YORK. March 3.—Fifteen cents ;P r i-ecember and January was a price that satisfied many holders of cheap eontraets yesterday. Almost all sales were of ikL r 2 fl ‘,iV akll 'f„nature, in my opinion. e wt re-enter the market on any °tn" n ii n th f, y ll °. I think it very , ke,y "'}} Profit again. The demand . a e Ct a ' 72 10,1 1B M Freat as ever. I markets 1 CXIeIB you can huy on all weak FILES IN BANKRUPTCY Leonard E. Vail,-a farmer of New Salem, Ind., filed voluntary bankruptcy in Federal Court Wednesday. The petition listed liabilities of $2,587.99 offset by $859.50 assets. He claims S6OO exemption.

New York Stocks (By Thomson & McKinnon)

—March 3 Railroads— • , Prey. High. bow. 1:00. close Atchison ..168% 168 168% lj>§ A Coast L 189 ... 188 188 % B. & O 112% ... 112% 112% Can Pac...186 ... 186 186 C A O .155% ... 15a lot % C’ & N W 83 % .. . S3 83 •% c:.R.*p:.Bo 80% 80% 80 Del & Hud 183 181% 182 182 D & back. 148% ... 148% 148% 'Erie ) 45% 4 0% job. 45% Erie ist pid 57% ... 67% 56% Gt No nfcl. 87% ... 86% 87% bebigli V.. ••• K C South 48 % ... 48 % 48 % I, 1 \’ ... ... ... 135% M K. & T. . 40 ... 39 % 39 •% Mo Pac pid 99% ... , !|9% 99% NY Cen. ..142% 141% 142 142 NY NH & H 53% 52% o 2 % 53 No Pacific. 87% 86 86 86% Nor & W.. 167% ... 167 166% Pere Marq 124% ... I'M, 124% I Pennsylvan. 58% ... 08% 08% I Heading .. 100 % 104% 105 104 % So Railway 123% 123% 123% 122% So Pacific 108% 107% 108;, 107% 1 St. Paul... 13% 13% 13% 13% ISt Paul old 21% ... 21% 21% I St b & S W 69 ... 68 % 69 St L& S F 113 11214 113, 113., Union Pac. 164% ... 164% 164% Wabash .. 70% 69% 70% 69% Wabash pid 92% 91% 92 92 Rubbers— Ajax 11% ... 11% 11% Fisk 18% 17% 18 17% Goodrich... 58% 56% 58% 56% Goodyr pfd ... ... ... 101 % Kelly-Spg... 12% 10% 12% 11 U S Rub.. 65% 64% 65% 64% Equipments— A Oar & F 105% 104 % 105% 104% Am boco 113% 112% 113% 111% Am Stl Fd 45 % ... 45 % 45 % Bald boco 189% 155% 187% 188% Gen Elec.. 85% ... 85% 84% IJma 71 70% 71 70 M N Y Airb. 45% 45 45% 45 P Steel Car 53 53% 53 52% Pullman ..181% ... 181% 181% Railw Sig .106% 103% 105 104 Westh A 8.150% 149 149% 148 Westh El. . 72 % 73 72 % 71 % Steels — Bethl 49 % 49 49 % 49 Colo Fuel. . 60 % 59 % 00 % 59 , Crucible... 94 90 % 93 90 % Gu St Stl „ 00 Ph R & I 45 44% 44% 44% Ren Stl. . 71 % 69 ','2 71 % 69 Sl-Shef 129 Un St 5t1.158% 157% 158 157% Alloy 26 % ... 26 % 26 Vanadium.. .. ... ... 43 Motors— Am Bos.. .. ... ... 17% Chandler .. 23 23 % 23 22 Chrysler .. 42% 41% 42 41% Con M 0... 11% ... 11% 11% Dodge .... 25 % 25 % 25 % 25 % Peerless . . 27 % ... 27 % 27 % r-a .riel ... 31 ... 31 31 % Gen Mo ..166% 104% 166% 164 Hudson .. 66% 64% 66% 64% Hupp 22% 22 22% 22% Jordan .... 16 ... 15% 16 Mack 106% 104% 105% 104% Mar-Parr .. 22% ... 22% 23% Moon ... ... 9 % Nash ... ... 66 Vi Packard . . 34 % 34 % 24 % 34 % Pi Ar .... 20 % 20 % 3> % 20 % Studebak .. 52 51% 52 51 % Stew-War.. 64% 63% 64 64 % Timken .. 89% 88% 89 1 i 89 Wil-Ov ... 24% 23% 24% 3.3% Wh M 0.... 56 % 55 % 56 % * 56 Mining— Am Sm ..151 149 Vi 150 % 149% | Anaeon . . 47 % 47 47 % 47 % Cer De Pas 61% ... 61’J. 61% 1 Inspiration. 21% ... 21% 21 % j Int Nic 41% 41% 41% 41% ! Kennec ... 64 63 % 04 63 % I Tex G & S 64% 54 54% 54% U S Sm. . 35 ... 35 36 - Oils— At! Re.f ..113 112 Vi 113 112% Cal Pet 30 ... 30 .30 Free Tex.. 43% 4.3 43'i 43% Houston ...110% 107 109% 112% Indpend Oil 29% 29% 29% 391? Marl and Oil 55% 55 55 55 sj Mideon Pete 35 ... .34% 34% Superior OH sis P-A Pete B 62 Vi 62 Vi 62% 62% Pacific Oil . .. ... . . Ut Phillips Pet 57 56 Vi 56% 56% Union Oil . 51 3 ... 51 51 *>Z Pure Oil .. 32% 32 Vi 32% 32 Royal Dutch 51 % ... 51 % 51 % Shell .30% 30% .30% 30 % Sinclair ... 20% ... 39% op Skelly .... 35 % 35 Vi 35 % .35 <4 S Oil of Cal 57% ... 57% 57% S Oil of N J 38% 38% 38% 38% Texas Cos .. 57 56 % 56 4 56 % Trans Pete 4% 4% 4% 4% Industrials— Ad Rumely .. 1.3% Allis Chaim 95% ... 94% 92% Allied Chm 140% 139 Vi 140% 138% Armour A.. 13% ... 13% 13% Araer Can . 49 48% 48% 48% Amer Wool 23 % 22 % 22 % S3 % A H & b pf ... Ko

Local Wagon Wheat

Local grain elevators are pay ns $1.23 tor No. 2 reo wheat Other grades an ourchase* 1 on their merits

Peppermint Oil

(By Tbtmson & McKinnon) NEW YORK, March 3.—Peppermint oil— Natural. [email protected]: U. S. P.. $4.4001 4.00.

Indianapolis Stocks

—March 2 —Stocks— Bid Aab Amer Central Life 500 ... Amer Creosoting Cos pfd...101 103 Ad Rumely Cos com 13% 14 Ad Rumely Cos. pfd 35% 36% Belt R R com 66 71 Belt R R pfd 67 Cent Ind Power Cos pfd ... 88 ... Cities Service Cos com 58% ... Cities Service Cos pfd 91 % ... Citizens Gas Cos com 50 51 Citizens Gas Cos 106 Commonwealth Loan Cos pfd 99 Equitable Securities Cos com 61 ... Hook Drug Cos com 29 ... Indiana Hotel com 120 ... Indiana Hotel pfd 100 ... Indiana Pipe Line Cos 65 ... Indianapolis Gas 59 ... Indpls & Northwestern pfd.. 50 ... Indianapolis St Ry 39 , 40 Interstate P Ser pr lien pfd 99% 101 Merchants Pub Util Cos pfd.lOU ... Progress Laundry com .... 32 % ... Pub Sav Ins Cos 16 ... Rauh Fertilizer pfd 48% ... Real Silk Hosiery pfd ....... 98 Standard Oil Cos Ind 70 ... T H I & E com 2 T H I & E pfd 24 26 T H T & L Cos pfd 89 Union Trac ot Ind com \ 1 Union Trac of Ind Jet pfd .... 10 Union Trac of Ind 2nd Dfd.. .. 2 Union Title Cos com .. 88 Van Camp Pack Cos pfd.... 10 ... Van Camp Prod Ist pid.... 90 97 Van Camp Prod 2nd 95 Wabash Ry com 71% ... Wabash Ry Cos pfd 93 ... —Bank Storks— Aetna Trust and Sav C 0... .115 , Bankers Trust Cos 132 ... City Trust Cos 140 •••• Continental National 118 >... Farmers Trust Cos 240 ... Fidelity Trust Cos 162 Fletcher American 170 ... Fletcher Sav and Trust Cos. .260 .. . Indiana National Bank ....269 271 Indiana Trust Cos 230 260 Livestock Ex Bank 163 ... Marion County Bank 200 ... Merchants Nat Bank 326 Peoples State Bank 186 ... Security Trust Cos 275 State Savings and Trust ... 84 94 ; Union Trust Company .. . .410 j Wash Bank and Trust Cos.. A6B —Bonds—- ; Belt R R and Stockyards 4s 90 ... I Broad Ripple 5s 79% ... ’Central Indiana Gas 65.... 98 ... Cent Ind Power Cos 6s 105 ... Citizens Gas Cos 5s 102% 103% Citizens St R R 5s 84% 85% Home T and T of W 6s 103 104 Indiana Coke and Gaa oa.. 102% Indiana Hotel 5s 98% ... Indiana Northern 5s 4 ... ind R.v and Lt 5s 95 ; Ind Service Corr 6s 92 % ... Ind Union Trac 5s 4% ; Indpls Col & So 6s 98 100% i Indpls Gas Cos 5s 99 100% Indpls Lt and 111 5s 101% 102 1 Indpls & Martinsville 5s ... 70 74 Indpls Northern 5s 23 24 , Indpls & Northwestern os. . . 70 74 i Indpls & S E 6s 2 i Indpls Shelby &S E 6a.... 2 ... I Indpls St Ry 4s 64 66 Indpls Trac and Term ss. .. 95 90 indpls Union Ry 5a 101 tndnle Water Wks See Cos.. 100 , ... Indpls Water 5%s 103% ... Indpls Water 4 %1 94% 96 Interstate Public Serv 65... 102 103% Interstate Pub SBs o%s. . .103% 104 K r H I & E 5s 80 V H T and Lt 5s 93,, Union Trac of Ind 6s. ...... 19% 19% —Liberty Bonds— I Ist 3tis 101.50 101.70 ' Ist 4%s 103.20 103.40 2d 4% s 100.50 100.80 3d 4%s 101.30 101.50 4th 4% s 103.70 103.84 US Tr 4%a 111.30 111.50 USTr 4s 107.00 107.20 U S Tr 3%s 104.40 104.60 —Snips—- ! 10 shares Interstate P S pr lien pfd. 99% 110 shares Amer Creosoting Cos pid.. 102% $2,000 Union Trac ol lud 6s 10%

Am Saf Raz 56Vi 66% 55% Coca Cola*?' 182% 182% 382% 182^ Cont Can b 9% Certainteed. .. ... ••• . 47 Davis Chem . . . ~9 y Dupont .. 188 1 J 188 188 , 187% F Players .110 V* 110 110% 109 % Gen Asphalt 95% 94 94 9.3% In Cm Eng 59 Vi 57% 68 Vi 58% Int Paper ... 55% Int Harv ..159% 158% 5)8 beows .... i>3 Vi 60% 53% 53% May Dp St Mont Ward 64Vi ... 04 03% Natl bead. 178 ... 178 180% Owen Bottle 79 ... 78 vi 79 R adio 54 ... ->3 % •>'. % item Type. . . ... , 1 ">2 Real Silk . . 46 44% 46 47% Sears Rorb .53 ... 63 53 Untd Drug 163% .. . • 163% U SCI P. 317% 216% 217% 21 b% IT Sln Ale .84 % ... ,84 % 84 % Woolworth 125 ... 1~4 % 135 Vi utilities— A T and T 159 ... 1 159 158% Am Exprss 133% 133 133% 133<i Am Wt Wks 73 ... 73 72% Brklyn Man 68 % ... 68 % 68 % Col G and E 85 .. . §2., 84% Cons Gas . 98% 98% 98 Vi 98 % Interboro .. ... • v f7% No Amer Cos 49% ... 49% Peoples Gs 130% 129% 130% 131% Phi'a Cos ... . ... ••• 90 St G and E 55% 55% 65% ,55% Wn Union 151 ... 151 151 Shipping— Am Int Cor. 39 ... 38Vi 83% AmS.iC.. 5 ... 5 5 Atlantic G ... .. • , 37% In M M pfd 42 Vi 42% 42% 42% United F 121 Poods— Amer Sugar 83 83 83% Am Beet Sug 23 ... 23 24% Austin N ... ... g V 4 Beech N P . . . ... ... 58 Calif PUg.., 60 , 05% 66 60 Corn Prod.. 60% 50% nO% oO Cuba C pfd 45% ... 45% 40% Cuba A Sug... . 25 % Fleischmann 50 49% o 0 49 Jewel Tea ... ... .. , •>“ , Nat Biscuit 98*34 98% 98 34 J§J4 98% -98% 98% 4 9fi4 Ward Bk 831 Vi 30 Vi 30 1 j 31 Tobaccos — Am Sumatra 49 Vi 48% 49 48% Amer Tob. . ... ... .. • jgl % Am Tob B 121%’ ... , 121% 121% Cons Cigars 82 81% §2 81% Gen Cigars. 54 % ... 5454 % Liggett ... 90 % ... 90 Vs 91 Lori I lard .. 29% ... 29% 29% R.l Rynlds 100% ... 100% 100% Tob Pro B 100% 105% 106% 107 U C Stores 93% .■ . 93% 93% Schulae R S 49 Vi 48 % 49 48 Vi

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box apples. Jonathans §2.50: Grimes, $225: Spitzenberg. $2.50: Staymens. $2.75: Delicious. $3.50. Extra fancy barred apples Jonathans, $5.2;>: Grimes. $3.75: Greenings. $4.50: Cherry Red Baldwins. $2.75: Virginia Winesaps, $5: Staymen. S4: Delicious. $7 @7.60: New York Kings. $4.50: Rome Beauty, $4.50; Fancy barrel apples Jonathans. $4: Staymen. $3.75 Rome Beauty. $4; New York Baldwin, $3.%®3.70; Delicious. 85.50. Basket. baskets) Jonathans, 81.75® 2: Staymen Winesaps. $1.50; Delicious, $1.75: baking. $1.50; Wagners, $1.33: New York Baldwins. $1.50: Grimes. $1.50; New York Kings. $1.50. , Bananas (jo.bing price)—4Vic lb. Cranberries—Jersey Howes, half bbb. 54 Grapefruit—Extra fancy. s4@6: fancy. $3.25 @3.75. bemons—California. $4 @4.60. _ Oranges—Florida, $4.50 ® 4.75: California navels, extra fancy. $5.50 @0.50; fancy. $4 @6. Strawberries—Florida. 50c qt. SEA POODS Oysters—Gal.. $2.40422.75. VEGETABLES Artichokes —California $1.25 doz. Beans—Florida green. $7.50 hamper. Brussels Sprouts—Fancy California. 30c pound. Cabbage—Holland seed. Cc lb.: new Cauliflower—Crate, $2.50. Celery—Florida. 4@6-doz. crate. $3.25: 8® 10-doz. crate. 82.50 @2.75: Mammoth (washed). $1.25 doz.: Jumbo (washed). 750 to $1 doz. Celery Cabbage—Box, $2.20;, Cucumbers —Hothouse. $2.70 dozen. Eggplant—Florida. S3 per doz. Garlic—^California. 12%c lb. Kale—Virginia Brocoli. $1.85 bbb Lettuce—lceberg crt.. $3.50: H. U. hothouse. $1.65 15-lb. basket. Mangoes—Florida peppers. $8 crate. $2 Mushrooms —Pennsylvania. $1.50® 1.76 for 3-lb. basket. Onions—H. G. yellow. 100 lbs.. $2.70: Spanish crt.. $1.85: Indiana white. $2. Oyster Plant—ll. G.. 50c dozen. Parsley—H. G., 60c per bunch: southern. 75c doz. Peas—Mexican telephone. $4.00 @5 orate. Potatoes—Michigan whites. 150 lbs.. $3.50: Russet Burbanks. 150 lbs.. $4: Red River Ohios. 120 lbs.. $3.75: Idaho Russets 100 lbs.. $3.50: Idaho bakers. 60 70s $4: New Texas triumphs, $4 hamper. Seed potatoes—Main cobblers. 150 lbs., $5.50: Red River Early Ohios, 120 lbs.. $3.75. Radishes—Southern long reds. 30® 35c: hothouse buttons. $1.25. Rhubarb—H. G.. 90c. . Root vegetables—Turnips, bu., sl. parsnipß. bu.. $2: carrots, bu. $1.50; new Texas, bu.. $2: Louisiana carrots. 05c doz : Canadian rutabagas. $2 cwt.: H. G. beets, bu.. $1.50: Texas beets. $2.25 bu.- Louiana beef*!. 85c dozen. , Shallots—Louisiana. 6o@7ac dozen Spinach—Texas. $1.35. Sweet potatoes—lndiana Jersey. $2.20 bu.: Nancy Halls, $1.35: Indiana mediums, $1.50. Tomatoes —Six-basket crt.. $5.50426.50.

Produce Markets

Butter (wholesale price)—Creamery best grade, a pound, 53 (al soc. Butterlat Local dealers pay 52 @ 53c pound. Eggs—Strictly Iresh delivered at Indianapolis, 18<frl9e doz. Poultry (buying prices)—Hens, large breed, 23®24c. Leghorn, 2022 c: roosters and Leghorn stags, 14@15e: stagggy young springs. 15 @ 18c: soft meated springs. 19®20c: Leghorn springs. 15® 16c: ducks. 17(0)20c: gc P e. ll@12c; turkeys, young tons, 30® 32c: hens. 30® 33c; old toms, 25c; guineas, 35c.

Banks and Exchange

—March 3 INDIANAPOLIS STATEMENT Local bank clearings wero $5,507,000: debits, $7,598,000. NEW YORK STATEMENT Bu United Pr-ss _ NEW YORK, March 3.—Clearings, $1,024,000,000; balances, $108,000,000. FOREIGN EXCHANGE Bu United Press NEW YORK, March 3.— Foreign exchange opened steady. Demand sterling, $4.84 11-16; franc, 3.90%c; lira 4.37%c, up .01 %c: Belga, 13.89 c; mark, 23.71 c. AGAINST DEBT PAYMENT Payment of the European war debt at present would be more dangerous than cancellation, Dr. Raymond Schutz of Manchester College, said before the Kiwanis Club luncheon Wednesday at the Claypool. ' “Payment in gold would leave the United States with 95 per cent of tho world’s gold in ten years,” Dr. Cchutz declared. This would result in dangerously high living costs. Payment in goods would throw many Americans out of work, and payment in colonies would only bring grief similar to that now experienced in the Philippines. Dr. Schutz declared he was not ar. advocate of cancellation, but thai the United States should understand the foreign problem better. “He also presented present-day business conditions as seen abroad. SETS NEW RECORD Bu Times Special DETROIT. March 3.—The Chevrolet Motor Company broke its monthly production record by turning out 85,821 cars during February compared with 51,303 the same month in 1926. With the operation of full night and day shifts six days per week it is expected by officials of the company to show a considerable increase in March over February.

Cattle Strong—Calves Unchanged—Lamb Material Scarce. —Hog Price Range— Feb. Bulk. Top. Receipts. 24. 11.854212.00 12.10 4.000 25. 11.85 (Si) 12.10 12.10 4.500 26. 11,90 @12.10 12.15 2.500 28. ll!80Sl2.15 12.23 4.000 March 1. [email protected] 12.35 5 000 2. 12.00 @12.50 12.50 5.000 3. 11.85 @12.35 12.40 4.000 After advancing steadily the first three days Os the week the hog market today dropped around 15 cents lower than Wednesday’s best prices. This move was in accord with a weak to 10 cents lower market at Chicago. Receipts at the Indianapolis stockyards were 4,000 and holdovers 617. The top- price was $12.40, most sales being at [email protected]. Attention was centered mostly on lighter weights, little being done with medium and heavy butchers. One load of selected lights established the top figure. Hog Price Range Material weighing 130-160 pounds went at [email protected]; 160-250 pounds, [email protected], and 250 pounds up, [email protected]. Packing sows were $10.2 5 @ll. Cattle prices were strong, 1,000 beeves being offered. Beef steers sold at [email protected]; beef cows, $5.50 @7.50; low cutters and cutter cows, [email protected], and bulk stock and feeder steers, [email protected]. Steady Prices The veal market was fully steady, the run numbering 800. Trading was largely at sls and $15.50, the latter applying to best vealers. While fat lambs were extremely scarce, the market was quotably higher. Not much material was found in the 200-head lot to test top prices. Some natives were sold at $15.25 and it appeared they might do better. Top fat lambs were quoted at $15.25, bulk fat lambs $13.50@ 15.25, and bulk cull lambs sß@l2. —Hogs— Receipts, 4,000: market, lower. 00-130 lbs $11.50 @12.00 130-100 lbs [email protected] 160-200 lbs 12.15 ft 12.40 200-250 lbs 11.85 ® 12.30 250 lbs. up 11.50® 11.90 • Cattle Receipts. 1.000: market, strong. Beef steers $8 25® 10.50 Bulk stock and feeder steers. 0.75® 8.00 Beef cows 5.50@ 7.50 Low cutters and cutter cows 3.76 @ 5.75 —Calves— Receipts. 800; market, steady. Best vealers $15.00 @15.50 Heavy calves 6.50® 9.00 —Sheep— Receipts. 200; market quotably higher. Top fat lambs $15.75 Bulk fat lambs 13.50615.2.> Bulk cull lambs 8.00 @12.00 Other Livestock Bu Times Special LOUISVILLE. March 3.—Hogs—Receipts. 600; market steady; tops. $12.10. Cattle—Receipts. 200; market steady. Calves—Receipts. 200: market 50c lower: good to choice. $11.50® 13.50; medium to good. s9@ll. cut. $9 down. Sheep—Receipts, 50; market unevenly higher: top lambs, sl2 @l3: seconds, $lO @11; sheep. $6 @7. Local Employes Use Group Insurance Plan Bu Times Special NEWARK, N. J. March 3.—Employers of men and women workers in Indianapolis continue to hold their place among the leaders in the entire country as advocates of group insurance protection. Os twenty-four such policies for wage earners recently issued by the Prudential Insurance Company of America, five were on the lives of persons working for as many firms in the Hoosier capital. These involve 628 lives for a total coverage of $821,500, and include the following: Holcomb & Hoke Manufacturing Company. 243 workers for $188,000; J. I. Holcomb Manufacturing Company, eighty workers for $85,000; In. diana Lumbermen's Mutual Insurance Company, eighty-five lives for $85,000; the Peoples State Bank, fifty lives for $70,000, and the Hlbben, Hollweg & Cos., 170 workers for $393,000. The policies on the Peoples State Bank and Hibben, Hollweg & Cos., respectively, are of the contributory type, with the employees paying a part of the premiums and the emloying companies assuming the remainder of the cost. The three other policies are issued to the workers without any cost to them. ESCAPES AT SING SING Slayer of Bill Brennan, Pugilist, Hunted in New York City Bu United Press OSSINING, N. Y., March 3. Joseph Pioli, 28, who killed “Bill” Brennan, the prizefighter, three years ago, escaped from Sing Sing prison here yesterday, with George Walmale, 48, and successfully eluded posses who hunted him all night. The search continued today, centering in New York. Pioli and Walmale were checked at the prison at noon but were missing at the 6 p. m., roll call last night. They are believed to have hidden in a truck as it went out of the prison grounds. Pioli was convicted of killing Brennan, -who once stayed twelve rounds with Jack Dempsey, in the pugilist's Tia Jtiana night club in New York. Walmale -was given a four-year-term for carrying a pistol. Chicago Grain Table —March 3 WHEAT— Prev. HUh. bow. 11:00. close. May 1.40% 1.40 1.40% 1.40% July 1.34 1.33% 1.33% 1.34% Sept 1.31% 1.30% 1.30% 1.31% CORN— May .77 % .77% .77% .77% July -82 % .81 % .82 .82 % Sept. 85% .85% .85% .85% OATS— May 47 .46% .40% .47 July 47% .40% .47 . .47% SC fe'— *’ ’ 4SS 43 * - 45 ’* May 1.06% 1.06 1608% July 1.04% 1.04% 1.04% Sept 99 % LARD— March ... 12.47 12.47 12.50 May 12.72 12.70 12.72 JU RIBS—' 1385 13 ' 90 13 ' 90 1395 May ..... 15.07 CHICAGO. March 3.—Prim ary receipts: Wheat. 681.000. aeainst 545.000. corn. 867.000. against 561.000- oats. 264.000, against 388,000. Shipments: Wheat. 415,000. against 405.000: com. 297.000. against 395,000; oats. 317,000. against 532.000.

SEVERAL REASONS FOR SELLING WAVE, BREAK Stocks Tumble From Fractions to a Few Points—lndustrials Hit Harder Than Rails.

By Elmer C. Walzer, Manager United Press Financial Service NEW YORK, March 3.—lllness of one of the largest holders of rail stocks in the country, George F. Baker, a decrease in car holdings from last week, lower railroad reports for January, predictions of a drop in tonnage of the United States Steel Corporation for February, the oversold condition of the market and the bogy of the 1926 break brought a wave of selling into the stock market Wednesday. Stocks in all groups broke from fractions to several points, a few over 10, and tickers were unable to keep pace with the selling in the last hour. Early in the afternoon news tickers announced that Stromberg Carburetor had reduced its dividend from $6 and $2. Watchers of the tape saw Stromberg appear at 51 and then suddenly drop to 40 1 / 4. The issue closed the day with a loss of 11% from the previous close. Wheeling & Lake Erie, which had been the sensation sorrie weeks ago, was FIRES CAUSE SSOO LOSS Vacant House Damaged Slightly by Incendiary Blaze. Firemen were called to 2529 Wood St., a vacant house and extinguished a blaze at 10 p. m. Wednesday, that was started from incendiary origin they said. A. G. Smock, owner, was unable to account for the blaze. Firemen gave the loss as SSO. Hot ashes dumped against the back of a house in the rear of 725 W. Michigan St., at 1 a. m. today, caused a loss of S2OO. firemen say. The family / of Oscar Adams was able to dress and leave the house without aid. Sparks on the roof at the home of W. B. Patterson. 3029 Jackson St., caused a blaze at 8 a. m. today with an estimated loss of $250. Firemen were unable to tell whether the sparks came from the house chimney or from a passing railroad engine. HEATED DEBATE ON BILL Repeal of Present Registration Law Provided in Measure. Repeal of the present registration law is provided in a bill which caused heated debate in the Indiana Senate late Wednesday. The bill came from the committee on a divided report, the minority favoring indefinite postponement. Backers of the measure declared the present voter registration is corrupt and unjust, while those urging support of the minority report argued that it would be unconstitutional not to have any law governing the matter. Senator J. Monroe Fitch (Rep.), Muncie, declared there was no law on the subject until 1911, and that up until that time each community took care of its own registration anil it was not held unconstitutional. The minoriy report was rejected 15 to 23. JIM WATSON GIVES UP Without Hope for Action on Radio Appointees at This Session. Bu United Press WASHINGTON. March 3.—A1l hope of Senate action on President Coolidge’s appointees to the radio commission was abandoned today by Senator Watson -(Rep.), Indiana, chairman of the Interstate Commerce Committee, to which the nominations were referred. Consequently Watson said President Coolidge could give recess appointments to the nominees, three of whom have been criticised by Senator Dill (Rep.), Washington, as “hand-picked Hoover men.!’ In this case they would draw no pay unless they are confirmed next' session. 13 UNLUCKY DRIVERS' Motorists Failing to Regard Stop Signs in Court. Wednesday night was unlucky night for motorists. Thirteen were charged with driving past automatic stop signals. They were to appear in municipal court today. Two alleged speeders were Harley Hartman, 22, of 2948 Cornell Ave., and Truman Miles, 26, of 2039 W. Washington St. Clyde E. Lynch, 25, of 849 N. East St., was charged with failure to stop after an accident. ‘SEX’ CAST INDICTED Backers and Producers of New York Play Also Accused Bu United Press NEW YORK, March 3.—Backers and actors of the play "Sex” today faced indictments charging corrup tion of public morals and offenses against decency. The offending play has been running a year and was approved by a citizens’ play jury. C. W. Morganstern, producer of the play, two backers whose names have not been made public, Mae West, leading woman and other members of the cast were included in the indictments, returned yesterday. PLAN CHRISTMAS SEAL Auerbach Attends National Tuberculosis Association Conference. Murray A. Auerbach, executive secretary of the Indiana Tuberculosis Association is attending the meeting of a special committee of the National Tuberculosis Association, which is to select the design for the 1927 and 1928 Tuberculosis Christmas Seal. The special committee, following its approval of the design for the seal, will have supervision of the work of an artist, who will draw the holiday emblem, which is sold throughout America as a means of financing organized anti-tuberculosis work.

the next heavy loser, declining 10*4 points for the day. Bell a Savior Heavy selling of United States Steel common and General Motors had a depressing effect on tho entire market. Early In the day prices had been receding gradually ers sought to take profits. The worst part of the break came toward the close when large blocks of stocks were dumped on the market and had not the closing bell sounded the end of business prices probably would have gone still lower. United States Steel lost 2% points for the day and General Motors 4%. Baldwin Locomotive, a recent favorite selling above 200, shot down 6% points. Borroughs Adding Machine lost 4%, American Smelting 3, Colorado Fuel 3%. International Harvester 4%, Case Threshing Machine 4%, Houston Oil 3%, Allied Chemical 3%. and Houston Oil 3%. One Exception Railroad shares as well as Industrials were forced lower, but their decline were smaller than the break of a week or more ago when the Supreme Court decision on the Los Angeles & Salt Lake Railway valuation case was announced. Canadian Pacific was down 3 points at the close, Delaware, Lackawana & Western 3%, New York Central l?i, Atchison 2*4 - Pete Marquette, an exception, gained 3% points. During the day the company declared an extra dividend of 2 per cent on common stock and applied for permission to distribute a 20 per cent stock dividend. Wabash preferred B also gained following an increase in its dividend, while the common stock sagged.

Hoosier Briefs

A fretting baby saved Clay Ford from burnhig to death at Ritssiaville. Clifford Chew, the baby's father, was awakened by its cries and while coaxing it back to sleep noticed that Ford's home, next door, was afire. Ford was awakened with difficulty. The home was destroyed.

Ear muffs for elephants are no joke at Peru. Officials of the American Circus Corporation, which winters there, say that elephants are sensitive to cold, and that ear muffs are made for each animal. Young Ed Lose of Decatur didn't lose out just because his birthda.v comes on Feb. 29. When told by his dad he would have to wait until next year to have a birthday, Ed had a party all his own. He went fishing and caught the first string at Decatur this year. "I could even hear tho waves at Kaiklka,” said Miss Mildred Scherer of St. John, who says she got EGU at Honolulu on her four-tube set. Roland Obenchain, South Bend city councilman, is proposing that (he city build a skyscraper jail. Howard County council will meet March 10 to decide If $650,000 shall be appropriated for anew courthouse at Kokomo. John Russo of Huntington told police who found five barrels of liquor hidden in a secret cellar at his home that the booze was tonic he had made for his sick wife. Wives who obtain divorces from their husbands and support money for the children and (hen spend the money on themselves are in for a hard sledding at Evansville. Judge Durre has ruled that from now on part of the allowances for children must be deposited In savings bank.

WE OWN AND OFFER—SUBJECT TO PRIOR SALE $130,000.00 5% First Mortgage Bonds Issued by Joseph Chartrand, Bishop of the Catholic Diocese of Indianapolis Secured by first mortgage on Sts. Peter and Paul's Cathedral, Bishop’s Residence and Grade School at Fourteenth and Meridian Sts., Indianapolis, Ind. Valued at approximately $485,000. Dated March 1, 1927. Denominationsssoo.oo. Interest payable March and September 1, at THE MEYER-KISER BANK, INDIANAPOLIS, INDIANA MATURITIES SIO,OOO March 1, 1928 SIO,OOO March 1, 1933 10,000 March 1, 1929 10,000 March 1, 1934 10,000 March 1, 1930 10,000 March 1, 1935 10,000 March 1, 1931 10,000 March 1, 1936 10,000 March 1, 1932 40,000 March 1, 1937 CALLABLE AT 101 FOR TWO YEARS AND AT PAR THEREAFTER Detailed circular will be furnished upon request. CATHOLIC CHURCH BONDS HAVE AN ENVIABLE REPUTATION FOR PROMPT PAYMENT AND WE REGARD THIS ISSUE AS THE MOST DESIRABLE CATHOLIC ISSUE OBTAINABLE IN INDIANA j WE RECOMMEND THESE BONDS FOR ULTRA CONSERVATIVE INVESTMENT PRICE PAR AND ACCRUED INTEREST YIELDING 5% The Meyer-Kiser Bank 128 East Washington St. Indianapolis, Indiana

Hoorier Bride Slain in Chicago Hotel

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; S i -I'v V, ■ Jllll

Mrs. Maliel Wood, 18 (above), formerly of Evansville, Ind., was found slain the bathroom of a Chicago hotel. Her husband, Carl Wood (beiow), to whom site was married four months ago, was held for a short time after the body was found, being released when police said lie had no connection with the slaying of ids bride, who apparently had been choked.

2 CHILDREN DIE IN FIRE Little Boys Perish When Home Burns While Mother Is at Work. Bu United Press BROOKLYN, N. Y.. March 3. Two children were burned to death early today when fire destroyed a ramshackle cottage while their mother was away at work. Edmund Nichlowski, 8. and his brother Carl, 3, had been left asleep by their mother. An overheated stove was believed to have set fire to the cottage. Firemen found the charred bodies of the boys at the time the mother returned from work. Another night fire in Brooklyn sent upward of 1,000 persons to the street from frame tenements near a six-story factory building, which was damaged to the extent of $300,000. Firemen were endangered by falling walls. SEEK ‘HIT-RUN’ DRIVER Woman Autoist Strikes Boy, 5, and Drives Away. Police said today they had no clew to the Identity of a woman driver who left the scene of an accident at 1010 Fayette St., after her auto is alleged to have struck Arthur Parts, Negro, 5, of that address. Lee Adams, stepfather of the boy, heard him scream tho auto driving on. He gave chase on foot, but said the license nuniher was niud-cov-ered. The youth was not seriously injured.

GRIS DROP DUE 10 FOREIGN NEWS All Losses Less Than One Cent. Bu United Press CHICAGO. March 3. Wheat opened J /ic to %c lower than yesterday's close on the Chicago Board of Trade today In sympathy with the weak tone displayed at Liverpool and Buenos Aires. Immediate trend of grain values seems to depend largely on the amount of speculative interest that is to be developed as a result of recent changes in regulations covering the trade. Corn opened Vn to Clic lower than' tho previous close, i Although eastern demand tor corn continues to increase, local traders see nothing in the situation to maintain higher prices, and continue to sell on the bulges. Oats are showing a little more strength than other grains, opening prices wero unchanged to *4 lower than Wednesday's close. Provisions opened unchanged. Bu Times Rnerial CHICAGO. March 3.—Carlot*: Wheat. 15; corn. 218. onto. 40: rye, 4. LAMB TO GET PLUM Formal Nomination Made for Kokomo Post office. Bu Times Special KOKOMO, Ind., March 3.—Word has been received here that President Coolidge has formally nominated Morton J. Lamb, county Republican chairman, to be postmaster of Kokomo. It was Indicated that Lamb had been certified by the civil servico commission ns eligible for the appointment. The Senato is expected to act this week. It is believed that Ben Ilavcns. present postmaster, will turn over his office to Lamb about March 10. WILL SPEAK ON STEEL Address to Be Given Before Y. M. C. A. Classes Friday. Featuring the engineering extension course given here by Purduo University, George A. Richardson, technical publicity director for tho Bethlehem Stool Company of Pennsylvania. will speak Friday night at the Y. M. C. A. on “The Manufacture and Treatment of Tool Steels.” The address, illustrated with motion pictures, will take the place of the regular class in steel treatment headed by John F. Keller of tho Purduo staff. -^Aiiaar Furniture Company Ington Street WHITE Furniture Cos. Jake Wolf Tom Qnlnn “The Home of Rent rurnltare Tilbm." 248 to 249 Vwt Washington St. BIRDSCAGES to>\r\ $1.26 np. CAGE STAMIS.^N^^^ *3.26 np. IMPORTED SING. INO Caneries. *5 to *7. RIIU)%J SEED, anil all Imrilnx I Et.U.v W \ visit will please you. Everitt’s Seed Store 327 W. Wash. Bt. S N. Ala. St.