Indianapolis Times, Volume 38, Number 293, Indianapolis, Marion County, 15 March 1927 — Page 13

MARCH 15,1927

PORKERS LOWEST IN MORE THAN WEEK

NO CONCERN OVER LATEST GAIN ON STOCK MART Continental Baking Comes Forward to Hold Attention.

Average Stock Prices

Average of twenty industrials Monday was 161.43. UP .70. Average of twenty rat’s was 127.14. off .25. Average of forty bonds was 00.59, off .05. Bit United Press NEW YORK, March 15. —Increase of close to $6,000,000 in brokerage loans at tins center reported by the Federal Reserve Board for the week ended March 9 was about in line with expectations. Despite the fact that stocky are substantially higher now than a year ago, aggregate borrowings of a speculative character are still about $66,000,000 beloiv the total for the corresponding period of 1926. Consequently, no concern was Jehown over the latest gain and Rocks on the New York exchange continued strong in early dealings. General Motors reached a fresh record high at 175%, up % from the previous close. Baldwin spurted to 194, up 2H and Du Pont 1% to 20316. Continental Baking A broke badly, dropping 3 points to 55 on the cut in the dividend rate to a $4 annual basis, compared with $8 previously paid.' i American Woolen preferred sold at 6316, off 1% and anew low record. The previous low was in 1903 at 65. Automobile List Irregularity characterized price movements around noon, due to the active selling in various sections of the list. Western Pacific preferred declined to 72, off 2 points from yesterday's high, reflecting preparations to survey the road’s 1927 earnings prospects; which may lead to a reduction in the $6 dividend. Motors turned heavy under a flood of offerings. Dodge A broke a point to 22f: Studebaker, 16 to 50, and Packard, % to 36%. Selling of Packard was based on estimates the company failed to earn its common dividend in the last quarter of 1926. The statement covering this period is expected in the next few weeks. However, good buying came into the automobile shares on reports of increased schedules by various manufacturers. BAKING COMPANIES CHANGE kw Ward Board Chairman Choice Bn United Press NEW YORK, March 15. —Complete elimination of Ward Baking inteiests in the Continental Baking Corporation, the nucleus of the $100,0,00,000 baking merger checked a. year ago by the Federal Trade Commission, was seen today in the appointment of anew chairman of the board of directors to replace the Ward choice. At the same time the directors voted to reduce the dividend of Continenetal from $8 to $4, just as Wall Street had feared. The dividend on the preferred stock was maintained. Still Dominant The management of the company was temporarily placed in the hands of Elliott C. McDougal, Buffalo, who replaced George S. Barber, said to be a Ward appointee. Following governmental dissolution of the merger It Was understood that William B. Ward has sold bis Continental holdings, but since that time his nominees have dominated the affairs of the company. Involves Seven Organizations Seven baking concerns and eight individuals had been connected with the $100,000,000 merger plan. The baking concerns were the Ward Food Products Corporation, Ward Baking Corporation, Ward Baking Company, General Baking Corporation, Continental Baking Corporation. General Baking Company and J'nited Bakeries Corporation. ■ continental Baking A stock broko on the, stock exchange today after the reduction in the dividend rate from $8 to $4. The stock, after reaching a high at 56%, dropped to 55, off 3 points from yesterday’s close. Later it rallied to 5514.

Banks and Exchange

March 15— IN DIANA POLIS STATEMENT Local bank clearings were $3,581,000; debits. 57.529.000. SUGAR USED INCREASES Each Person in United Stales Consumed 109.3 Pottnds Last Year. Bu Timet Special New York, March 15.—1n 1926, each person in the United States consumed an average of 109.30 pounds of sugar apiece, according to an analysis of world's sugar statistics issued by The Brookmire Economic Service, Inc. Ten years ago our average was 78.58 pounds per capita, but consumption has increased enormously, particularly during the past five years, when it has grown at the rate of 7.2 per cent annually. f In Europe and the Far East also, there has been a large increase and It is estimated that world consumption will soon reach 25.000,000 tons, an increase of nearly 2,000,000 tons over any figures previously reported. \£ SENATOR TAKES BRIDE Bu tnited Press COLD SPRINGS HARBOR. N. Y., March 15. —Miss Rosalie Gardner Jones, prominent feminist, today became the bride of United States Senator Clarence C. Dill of Washington. They were married in the Episcopal Church of St. John here with the yecor, the Rev. Harry Barrett, oficiatins-

New York Stocks IBy Thomson & McKinnon)

—March 15— Railroad*— Trev. High. Low. 1 :OU. close. Atchison . ,170 % 174 174 % 176 Atl Cst L ... 187 B& O ... 113% 112% 112% 112% Canad Pao 185 Vi 18,% 185 e& O ... 157 156:4 157 157 >4 C& MW . . 86% .• • 82 88% C R I & P. 87 84 8(1% 84 Del & Hod J8I! ... 188 182% Del & Lack 152 . . . L>l' 151 Erie 44 "s ... 43; 4414 Erie i*t pfd 56 ••• >4 "s wh Gt Nor pfd BS% .. . 88 _ 87% Lehigh Val 120% 120% 120% 120% K 0. Southn 50's • • • oO 50 % i L & N 13614 M K & T . . 89 . . . 89 39 % Mo Pae of 100% ... 9914 101 NY Cent.. 143% ... 142% 143 NY NH & H 52% 51% 52 ,>1 % North Pae. 88% 8< % 87% 87% Nor 4Wn 170# ... 170% 171% Pere Marq 120 ... 17?,, 119 Pemisy ... 59% , •>§ % 58% Reading .. 106% ... 105% 106% S Railway 124% ... 123' v 124 % So Pacific 109% 108% 109% 108% St Paul ... 15 ... 14% 14 St Paul pfd 21% 21% 21% 20% St L & SW 73% 72% 73 72% St L& S F 113% 112 113 114% Union Pac 168% ... 167% 168% Wabash ... 69% 68% 69 69% Wabash pfd 92% ... 92% 92% Rubbers— Ajax 13 • 1 '2 1 *- H 12 Vj Fisk 19 ... 18% 18% Goodrich . . 57 Vg 66 o / % % Goodyear pf .. ..... • Kelly Spgfld 20 18% iff- t?% U S Rubber 65% 65 bo% 60% Kquipnients— A C and F 104 .1. 104 104% Amer Loco 11114 ... -Ml,, Am Stl Fdy 45% 40% 40% 45% Bald Loco .194% 191% Gen Elec... 86% So 86% Lima 69% ... 69 i0 N Y Airbrk 45 44% 44% 44% i>r Stl Car. 54 52% 54 o3 Pullman ..181 ... 180 180 Rail Sig ..113% ... 111 I .' 112% West A B. .157 . . . 104 loh West Elec.. 73% ... -'3 Steels— Bethlehem.. 50 . ... 49 % 50% Colo Fu .. 58% 5V% 08 o 7 ,g Crucible ..93 ... 93 93 GuStStl.. 62% ... 62 63% Ph RC & I 44% ... 44% 44% Rep Stl... 73% 73 73% 74% Sl-Shef ••• • • • 129 Un St Stl .101% 160% 161% 18014 U.n Alloy ..26% ... 26% 26% Vanadi 4214 Motors— Am 805... 15 ... 14% 15% Chandler ..23 % .. . ?-; % 2314 Chrysler ... 42% 42% 42% 42% Con M 0... 12 ... 11 % 12 Dodge ... 23% 22% 22% 23% Peerless ..27% ... 27 27% Gabriel ... 30 ./. 30 31 Gen Mo ..175% 174% 174% 175% Hudson .. 72% 71% 72 73% Hupp .... 22% 22% 22% 22% Jordan ... 18 ... 1714 18 Mack 107% 106 1061, 107% Mar-Par ... ... 22% Moon .... 8% ... 8% 8 % Nash 66 % ... 66 66 % Packard. . . 37 % 36 % 36 % 37 % Pie Ar ... 22% 21% 21% 22% Studebak .. 50% 49% 50 50% Stew-War.. 55% 5414 55 55% Timken .. 87% ... 86% 87 % Wil-Ov 23% 23% 23% 23% Wh M 0... 50% 49% 50 50% Mining— Am Sm ..150% 149% 149% 140% Anacoda .. 46 % ... 46 % 46 % Cer De Pas 62 % ... ’ 62 63 Inspir .... 20 % ... 26 ’4 20 % Int Nic. .. . 41 % ... 41% 41% Kennecott. . 62 % ... 62 % 62 % Tex G & S 59 % ... 58 % 59 % U S Sm.. 336% ... 36% 36 Atl Ref ..115 113% 113% 115% Cal Pet 29% 2814 2814 20% Free Tex. . 47 % ... 4614 47 % Houston ..123 11914 122 119 !? and , oi i'K', ?§& 25% 26 Marland Oil 52% 52 52 saw Mid-Conti P 36% 35% 35% 36% Superior O . . . ... ... sst' P-A P (B) 61% 60% 61 62 Pacific Oil ... ... . . 184 Phillips Pet 53% 52% 52% 53 44 Union Oil.. 48 47 47% 48% Pure Oil .30% 29% 30 30% Royal Dut. 51% ... 50 44 51 % Shell 29% ... 29% 29% Sinclair .. 19% ... 18 44 19 Skelly .... 32 ... 31% 32% S Oil of Cal 57% ... 56% 57 S Oil of N J 37 44 37% 37% 37% Teir Com.. 48% 48 48% 48% Trans Pet.. 4 % ... 4 % ,i % Industrials— A Rumely ... ... ... J 4% Allis Chal.. 95 44 ... 95% 94% Allied Ch. 142% 141 141% 141% Arm (A).. 13% ... 13% 13% Amer Can. 48% 48% 48% 48% Am Wooten 20% 18% 19% 20% A H&L pd . . . ... ... HO % Am S Raz.. 53% ... 53% 53 Cen Leath ... ... g % Coco Cola 191% ... 19i% 194% Cont Can.. 66 65 65% 66 Certainteed ... ... ... 49 % Day Chem ..: *8 Dupont ...203% ... 201% 202% Fam Play 110 108% 109 111 G Asphalt. 90% 89 89% 90% In Comb E 57% 5644 56% 57% Int Paper. 57% ... 57 57 %. Int j'larv ... ... 160% Leowt ... 61% 60% 61 60% May D Stor 70 % 70% 10% 70% Mont W'ard 66% ... 65% 66% Natl Lead. 184% ... 181 183% Owen Bottle 83’4 ... 83% 82% Radio .. . . 54% ... ,54 Real Silk.. . . ... .' . 40 1: Sears-Roe. . 54 Va ... 54 54 Untd Drag 165% USC 1P.222% ... 221% 321% V S Ind A1 80 % ... 79 % ‘BO ■% Woolworth 127% ... 127% 127% Utilities— A T and T 157% ... 157% 159% Am Express .. ... ... 131% Am Wt Wks .. * ... ... 77% Brklyn Man .. ... ... 66% Col G& E. 84% .. . 84% 85 Cons Gas.. 98 ... 97% 97% Interboro ... ... ... 48% No Am Cos. 48 44 48% 48 44 48% Peoples Gas . . ... ... 130 Phila Cos ... . ... ... 9214 St G and E 57% 57% 57% 57% Wn Union. ... ... ... 152 Shipping— Am 111 Cp. . . . ... ... 39 Am Sh & C 44 ... 4 % 4 % Atl Gulf... 34% 33% 34% 33 I Me M p 41% 441% 41% 41% Un Fruit ~122% ... 12214 123 ' Foods— Am Sug. ... 84 % ... 84 % 84 *4

Commission Row

TRICES TO RETAILERS FRUITS Apples—Box Apple**—Spitzenberg, $2.50 (IT'S.7S; Grime® $2.25: Wiuesaps. #2.75; Sta.vmens. $2.7.); Delicious. $3.50® 3.75. Extra fancy barrel"—Grimes. $4: Rhode Island GreoniDgs, $4.50: Cherry Red Baldwins, $3.75; Rome Beauties. $4.50; Ben Davis, $4.50: Virginia Winesaps, $5: Delicious. $7: New York Kirtjs. $4.50: New York Baldwins, $4®;4.25: York Imperials. $4. Fancy barrels—lndiana Jonathans. $4: Indiana Staymens. $3.75; Winesaps. $4: Bnldwins. $3.75; Rome Beauties. $3,7.)®; 4: New York Baldwins, $3.50; Delicious, $5.50. Basket apples (40-lb. lots)—Jonathans. $1.75: Grimes. $1.50: Sta.vmen Winesaps. $1.50: Delicious. $1.75: Baking. $1.50: s Wagners, $1.35: New York Greenings, $1.50: New York Kings. $1.50: Baldwins. $1.754? 1.50. Bananas (jobing price)—3%@sc lb. Cranberries —Jersey Howes, naif bbl.. $3.50®4. ' Grapefruit—Extra fancy. $4.50® 5. fancy. $3.50®4. Lpnions—California. $4.25<35. Oranges—Florida, $4.50(8)4.75: California navels, extra fancy, [email protected]; fancy $4.25® 5.75. Strawberries —Florida. 50c at. SEA FOODS Oysters—Gal.. $2.4062 75. VEGETABLES Artichokes —California. '51.50 doz. Asparagus—Georgia. $1 bunch. Beans—Florida green. $6 hamper. Brussels Sprouts—Fancy California. 30c pound. Cabbage—Holland seed. Stic lb.: hew Texas. 3 tic. Cauliflower—Crate, $2.75. Celery—Florida. 4®6-Unz. crate. $3.50; B®, 10-doz. crate* $3: Mammoth (washed). $1 doz. Celery Cabbage—Box, $2.25. Cucumbers —Hothouse. $2.75 dozen Eggplant—Florida. $3 per doz. Endive—Louisiana, $3 bbl. Garlic —California. 12tic lb. Kale—Virginia Brocoli. $1.85 bbl. Lettuce—feebrrg. ert.. $4: H. G. hothouse, $1.50 15-lb. basket. Mangoes—Florida peppers. $6.50 crate: $1.76 peck. Mushrooms—Pennsylvania. $1.50 Si 1.75 for 3-lb. basket. Onions—H. <J. yellow. 100 lbs.. $3.25. Spanish ert.. $1.8o: Indiana white $2 Onion Sets —Red and yellow. 2 bu.. $5: white, 2 bu.. $7.50: Texas Bermuda plants. 5.000-crate. $5.60. Oyster Plant—H. ().. oOc dozen. Parsley—H. G.. 50c per bunch: southern 75c doz. Peas—Mexican telephone. $6 crate. Potatoes—Michigan whites, 150 lbs.. $3.65: Russet burbnnks. 150 lbs.. $4.25: Red River Ohios. 120 lbs.. $3.75: Idaho Russets. 100 lbs.. $3.75: Idaho bakers. 6070s, $4: New Texas triumphs. $4 hamper. Seed potatoes—Maine cobblers. 160 lbs.. $5,50: Red River Early Ohios. 120 lbs.. $3.75. Radishes—Southern Jong reds. 30 6 35c: hothouse buttons. $1.25. . Rhubarb— H. G. ,65c. Root vegetables—Turnips. bu.. sl. Earsnips. bu.. $2: carrots, bu.. $1.50: ouislana carrots. 90c doz.: Canadian rutabagas. $2 ewt.: H. G. beets, bu.. $1.50: Texas beets. $2.25 bu.: Louisiana beets OOc dozen. Shallots—Louisiana. 75c dozen. Spinach—Texas, $1.75. Sweet potatoes—lndiana Jersey. *2.25 bu.- Nancy Halls. $1.35: Indiana mediums. $1.50. Tomatoes—Six-basket ert.. $5.5066.50.

Am Be Su 23% Alls Nich.... ... ... 7 % Be N Pkg • 58% Cal Pkg... 06% ... 06% 66 Corn Prods. 52% o'- % •>!% o 2 % Cu Ca, pfd 45% ... 40% 4,^ Fleischm ..50% ... 50% 60 V Nat tils*'.'.los% i05% 105% Punta Aleg. .. ... . 42 % Postum ... 96 % ... 96 % 96 % Ward Bk 828 % ... 27 % 28 Tobaccos— A Sumatra 50% 50% 50% 50% Amer Tob .122% ... 122% 122% Am Tob B 121% ... 121% 121% Cons Cigars 81% ... 81% 81% Gen Cigars. 53 % ... 63 % 54 Liggett ... 94 ... 94, 94 Lorillard .... ... • •• , 28% R.l Rynlds 109 % 109% 109% 109 Tob Pro B 114 ... 114 107 U C Stores 107% ... 107 93 Schulte R S 48% ... . 48% 48% Iffl TRADERS ANTICIPATE DROP l """ Prices Off at Opening-De-cline May Continue. Bit United Press CHICAGO, March 15. Unless something unexpected occurs to increase speculative interest in the/ trade, a majority of wheat operators are of the belief that lower prices will be made before there will be any important upturn. Opening quotations were %, to 94 c lower than yesterday’s close on the Chicago Board of -Trade today. The slow cash demand together with lower Liverpool cables and the excellent outlook for the new crop being the main bearish influences. Local sentiment in corn remains bearish with the slow cash demand attracting considerable attention. Prices opened % to %c lower than the previous close. The oats market is suffering primarily from lack of outside participation, with some new incentive needed if values are to advance. Prices opened unchanged to %c lower than Monday’s close. Provisions opened steady.

Indianapolis Stocks

—March 14— —Stock#— Bid Ask Amer Central Life .' 500 .. . Amer Creosoting Cos pfd... 101 104 Act Rumely Cos com 14 % ... Ad Rumely Cos pfd 36 ... Belt R R com 66% ... Belt R R pfd . 58 Cent Tnd Power Cos pfd.... 89 93 Cities Service Cos com ..... 52 % ... Cities Service Cos pfd .... 89 % ... Citizen Gas Cos com 50 ... Citizens Gas Cos pfd 106 ... Commonwealth Loan Cos pfd 99 ... Eaimabie 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 42 Interstate P Ser pr lien pfd 99% Merchants Pub Util Cos pfd. 100 Progress Laundry com .... 22% ... Pub Sav Ins Cos 16 ... Rauh Fertilizer pfd 48% Real Silk Hosiery pfd 100 Standard Oil Cos Ind 67 ... T H I & E com 2 T H X & E pfd 24 T H T & L Cos pfd 89 Hmon Trac ot ind com 1 nion Trac of Ind J.#t pfd .... 10 Union Trac of Ind 2nd Dfd.. 2 Union Title Cos com 80 90 Van Camp Pack Cos pfd.... 16 ... Van Camp Prod Ist pfd.... 90 97 Van Camp Prod 2nd 96 Wabash Ry com 88 ... Wabash F.y Cos pfd . . 91% ... —Bank Stock*Aetna Trust and Sav C0....115 ... Bankers Trust Cos 132 City Trust Cos 140 Continental National 116 ... Farmers Trust Cos .240 Fidelity Trust Cos 162 ... Fletcher American 170 Fletcher Sav and Trust Cos. .260 . . . Indiana National Bank ...268 273 Indiana Trust Cos 230 250 Livestock Ex Bank 162 ... Marion County Bank ......210 ... Merchants Nat Bank 326 Peoples State Bank 186 ... Security Trust Cos 275 State Savings and Trust . . . 86 95 Union Trust Company ....410 ... Wash Bank and Trust CO..JSB .... —Bonds— Belt R R and Stockyards 4s 90 ... Broad Ripple 6s 79% ... Central Indiana Gas 55.... 98 ... Cent Ind Power Cos 6s 103 Citizens Gas Cos 5s 102% 103% Citizens St R R 6s 85 86 Home T and T of W 6s 103 104 Indiana Coke and Gas 65.. 102% ... Indiana Hotel 6s 98% ... Indiana Northern Us ...... 3 ... ind Ry and Lt 6s 96 ind Service Corn 6s *2% ... Ind Union Trac 5s „ ... Vndpls Col & So 6s 98 100% Indpls Gas Cos 5s 100 102 Indpls Lt and Ht 5s ......101% 102 Indpls & Martinsville 65... 74 ... Indpls Northern 5s 23% 25 Jndpls & Northwestern 6s. .74 ... indpls & S. E. 6s 2 ... Indpls Shelbv &S E 65.... 2 ... Indpls St Ry 4# 63% 66 Indpls Trac and Term 65... 95 96 Indpls Union Ry 6s 101 Indpls Water Wks 5e0,C0..100 • .. Indpls Water 5%g 103% ... Indpls Water 4%s 94% 96 interstate Pub S Bs 6%5..104 ... Interstate Pub SBs 6%5.. 104 14 ... T H I & E 5s 85 T H T and Lt 5s 93 Union Trac of Ind 6s .... 19% 20% —Liberty Bonds—--Ist 3% s 101.40 101.60 Ist 4 Vis 103.50 103.70 2d 4% s 100.60 100.90 3d 4% s 101.10 101.30 4th 4% s 104.10 -104.40 US Tr 4%s 113.00 113.20 US Tr 3%s 107.70 108.00 U 8 Tr 3%s 105.50 105.70 " Sales—ss,ooo Citizens St R R 5s 85 $5,000 Indpls Trac & Term 5s .... 96 $20,000 Union Trac of Ind 6s ljl%

Produce Markets

Butter (wholesale price)—-Creamery best grade, a pound. 52 656 c. Butterfat—Local dealers pay 61®55c pound. Eggs—Strictly fresh delivered at Indianapolis. 20®21c doz. Poultry (buying prices)—Hons, largo breed. 230; Leghorns, 20@21c; roosters and Leghorn stags, 14® 16c: stagggy young springs. 15c: soft meated springs. 19®20e: Leghorn springs, 15c: ducks. 17® 20c: geese. 11® 12c: turkeys, young toms. 30®32c: hens. 30® 32c: old toms. 25c; guineas. 35c. LESS CORN IS HELD Supplies of Other Grains Still on Fann Are Larger. Bu Cnited Press LAFAYETTE, Ind., March 15. Indiana farmers had 29,270,000 bushels less of corn holdings on their farms on March 1 than at the same time a year ago, M. M. Justin, agricultural statistician, estimated today. Supplies of other grains still on the farm are larger than a year ago, according -to Justin, who compiles agricultural information for the United States Department of Agriculture and the Purdue University Agricultural Experiment Station. “Wheat stocks exceeded those of last year only 1,933,000, although the 1926 drop was 8,348,000 larger than the preceding year.

THE INDIANAPOLIS TIMES

Calves Only Livestock Not Having Reduced Prices. —Hog Pries RangeMarch. Bulk. Top. Receipts. 8. 11.90 @13.35 12.36 2.000 9. 11.85 (ft 12.25 12.35 6.500 10. 1 1.85012.35 12.50 4.500 11. 11.85 6t! 12.25 12.35 4.500 12. 11.85012.25 12.35 2.000 14. 11.80012.25 12.30 3.500 15. [email protected] 12.25 6.000 Hog prices at the Indianapolis Union Stockyards today were the lowest in more than a week. Early sales were 5 to 15 cents lower on the hundredweight, tho market becoming mostly 10 cents off as trade progressed. The bulk of the business was done at [email protected], some light material going at $12.25. At Chicago the early top was the same, but there were indications Jt might go above $12.25 at that market. The local livestock exchange received 6,000 porkers; 120 meat animals remained from Monday. Hog Price Range Some light material was selling at $12.20 and $12.25, but most of the 160-225-pound pork went at sl2@ 12.15. Other quotations were: 225250 pounds, $11.75@12; 250-300 pounds, [email protected]; 300 pounds up, $11.50 and downward. ‘Beginning two weeks ago Monday packing sows and pigs have sold steadily at [email protected] and sl2 down, respectively. ' The cattle market was weak to 25 cents lower. Receipts estimated 1,500. Beef steers sold at [email protected]; beef cows, [email protected]; low cutters and cutter cows, [email protected], and bulk stock and feeder steers, $6.75@8. Veal Unchanged The calf market was generally steady, the bulk bringing $14,50 and downward. Best vealers were worth sls. The run* counted 1,100. Two hundred sheep and lambs were too small a number to satisfactorlfy test market conditions, but due to the plain quality of the material the market dropped 50 cents. Some native lambs sold at $13@14. Top fat lambs were quotable at sls. bulk fat lambs, [email protected], and bulk cull lambs. sß(fi'l2. —nogs— Receipts. 6.000; market lower. 90-130 lb* sll.so'fi 12.00 130-160 lbs 11.75 012.15 160-200 lbs 12.10<fi 12.25 200-250 lbs 11.75 0 12.15 250 lbs. up 11.35® 11.80 —Cattle— Receipts, 1,500: market weak to lower Beef steers 88.50® 10.50 Bulk stocker and feeder steers 6.75® 8.00 Beef cows 5.50® 7.50 Low cutters and cutter cows. 3.75® 5.25 —Calves— Receipts. 1.100: market steady. Best vealers $14.00015.00 Heavy calves e 6.50® 9.00 —SheepReceipts. 200: market lower. Top fat lambs $15.00 quotable Bulk fat lambs 12.50014.50 Bulk cull lambs B.oo® 12.00 Other Livestock Bn Times Special LOUISVILLE. March 15.—Hogs Receipts. 500: market steady: sl2. Cattle— Receipts. 100: market steady. Calves—Receipts. 200: mneket steady: good to choice, $10.50012.50: medium to good. $8010: outs, $8 down. Sheep—Receipts, 50: market' steady: top lambs. $12013; seconds, $10011: sheep. $0 0 7.

Local yVagon Wheat

Local grain elevators are paying $1.22 (or Ao. 2 rea wheat Otbei eraoe. ar> iurcbaße6 on thetr merit. NEW YORK STATEMENT Bv United Pre.ss NEW YORK. March 15.—Clearing#, $1,631,000,000; balance#. $202,000,000. - FOREIGN EXCHANGE Bn United Press NEW YORK, M arch 15.—Foreign exchange opened irregular. Demand sterlin. $4.84 15-16: francs, 3.91 c. up .00%c: lire. 4.5314 c. off .02c; belga. 1388%c: marks. 23.70 c. INDUSTRIES MOVE SOUTH Study of Business Conditions Shows Shift to Dixie. Bn Times Special New York, March 15. —The Industrial development of the nation is shifting to the South, the Brookmire Economic Service, Inc., reports in a study of business conditions in the southeastern States. Textile industries, iron and steel, power development and paper production are growing, largely offsetting a weaker agricultural situation. In the past five years income of the southeastern States from building and manufacturing activities has increased from $920,000,000 to $1,605,000,000, a gain of $685,000,000, or nearly 75 per cent. The corresponding increase for the entire nation was 55 per cent. A beer-smeller has been appointed by the Berlin municipality to go through the streets, smelling for illicit breweries. . ,

TWO BOYS WHO FOUND GOLD FIELD

The two boys whose discovery of gold at Weepah, Nev., brought in anew “rush" of prospectors are pictured here. They are Frank Horton, Jr., 19 (left foreground), and Leonard Traynor, 19 (right. Among the .thoiu sands who have staked c|aims in the territory, where the ore is reported to assay $78,000 a ton are Via women. Note the girls in the left background of the picture.

' Husky ' Goes to College

lifu

Leonard Seppala, nationally Yarned dog-tcain driver (right), presents his stout-hearted lead dog (Husky the First) to Northwestern University, Boston, as a mascot. Here is President Frank Palmer, head of the institution, (right), congratulating Raymond P. Todd, president of the senior class, upon receipt of Seppala’s gift.

G. M. C. LEADERSHIP STOPS. SLIPPING OFF Easy Money Rates Feature of Day—Carrier Stocks Turn Heavy—Premier Motor Climbs to New Level.

By Elmer C. WalzerManager United Press Financial Service. NEW YORK, March 15.—Only the strong leadership of General Motors kept the stock market from sliding down to low levels in Monday’s trading on the New York Stock Exchange. The Premier Motor stock, whose earning power far eclipses United States Steel, shot up to anew high for the present stock and took with it several other motor issues, prevening a setback in the general group of industrials and balancing selling movements launched for the purpose of bringing a reaction.

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: C. R. Haroer, Lafayette, Ind.; Buick, 433 333; from Lafayette, Ind. Paul Christenberry, 16 N. Temple Ave.. Chevrolet, 835-346; from Meridian and Wilkins Sts. W. H. Mayer, 43 W. Fall Creek Blvd., Nash, 14-682; from in front of that address. ’ Hollis Daily, 322 E. Maryland St./ Ford; from McCarty and Madison Ave.

BACK HOME AGAIN

Automobiles reported found by police belong to: Goodman & Wolfe, Terre Haute, Ind. Chevrolet; found at Hope, Ind. Ford coupe, no license plates; found at Market and East Sts. Len Zaiser, 2219 16. Garfield Dr., Ford; found at WaLnut and Noble Sts. Bessie Sullivan, 117 W. "Walnut St., Ford; found at Franklin and National Rds. ICE BOX DUET SHOT UP Detective CfUef Claude M. Worley has asked Louisville, Ky„ police to send him photos and records of two wounded "ire box bandits” confined to a Louisville hospital after a gun battle with police of that city. One of the pair, both Negroes, gave his name as Joe Henderson, 34, Indianapolis, while the other, Adrian Patterson, 30, said he was a native of Louisville. Their method, police say, was to lock grocery and meat market employes in refrigerators while they rifled cash drawers. Worley believes the pair may be the “before breakfast” bandit, who staged more than twenty hold-ups here.

The feature of the day was the ease in money rates. Banks made large withdrawals and the March 15 financing, interest payments and tax payments loomed up, but the call rate held steady at 4 per cent with the tone of the money market easy. This gave further stimulus to persons working on the constructive side and also helped buoy up prices. Irregularity developed throughout the list with issues here and there making sharp breaks. Railroad shares turned heavy as Atchison failed to rally from its decline of last Saturday. Gulf, Mobile & Northern also sold down as did Norfolk & Southern and several other carrier shares. Some o* the industials were under pressure, notably American Woolen, Liquid Carbonic and International Silver. Pacemaker However, these losses were in the minority. General -Motors set the pace and other motors followed. The leader ranged between 175% and 170%, closing at 175%, up 4% for the day. U. S. Steel moved narrowly, closing with a slight gain. Mack Truck reached anew peak while Hudson gained 1% and Packard 2 points. Texas Gulf Sulphur. Mathel*on Alkali, National Lead and bert made remarkable gains. Buying of General Motors was based on the outlook for in Increase in sales for the company in February. Preliminary estimates placed the sales for the second month at about 50 per cent gain. The company is said to be averaging about $600,080 a day net. Earnings for the first quarter will total $45,000,000, it is estimated. Foreigns Show Well Business on the bond market was duller, with foreign loans making the best showing. Some of the rail issues turned lower while industrials were irregular in a small range. United States Government issues were quiet. This is natural, inasmuch as the yields on all Issues are cut down to a minimum. At the close Monday the ticker printed yields on Liberty and Treasury Issues as follows: 3 1-3s. 3.15 per cent; first 4Vis, 3.25; second 4%5, 3.21; third 4%5, 3.35; fourth 4V4s, 3.55; treasury 4 Vis, 3.32; treasury 4s, 3.36; treasury, 3%5, 3.32. Dealings on the curb were fairly active and prices continued irregular through the day. Cotton and wheat sold lower. In foreign exchange prices made good gains in most issues. Sterling was up sharply while lira reached the best price of the year and pesetas the highest since 1920.

Facts! Facts!

Our Washington Information Bureau haa on ita shelves a supply of each one ot the bulletins which The Daily Times nas offered to Its readers during the past year. Below Is a list. Check the ones you wish, fill out the coupon below and mail as directed. Enclose the proper amount in postage stamps. Single bulletins, 5 cents; four or more bulletins, 4 cents each; 25 or more, 3 cents each; the whole fifty bulletins, $1.50.

WASHINGTON BUREAU, THE INDIANAPOLIS TIMES, 1322 New York Avenue, Washington, D. 0^ Enclosed find cents, f0r........ bulletins marked X on this list. . NAME * ADDRESS • •• CITY STATE..

ORIGIN OF ETIQUETTE —Interesting facts about the curious origins of our customs of good breeding and good form. QUICK BREADS—FuII directions for the housewife whose culinary ambition lt is to learn how to make various kinds of quick breads. AMERICAN WARS —Condensed historical Information packed with facts, about the wars in which America has engaged from the Revolution through the Span* lsh-American. LAMP SHADES AND HOW TO MAKE THEM—A bulletin of Instructions, plainly written, for those who wish to make at home artistic and attractive lamp shades of various materials. THE EXPECTANT MOTHER—Drawn front official sources, this bulletin will prove of great value to the woman about to become a mother. MOVIE STARS—A list of the luminous lights of Hollywood with facts about their birth dates, careers on the screen, personal description and marital statua. CARE OF, FOOD IN THE HOME—Useful hints and suggestions for the proper preservation of foodstuffs. GOOD PROPORTIONS IN THE DIET—How to serve well-balanced meals. HOME-MADE PERFUMES AND COSMETICS—FormuIae and directions for making pure home-made beauty preparations. BEEING WASHINGTON—A condensed travel guide for the tourist v.*o wishes to visit the capital of the nation; Interesting facts about public buildings i,nd places. INDIAN NAMES AND THEIR MEANINGS—Drawn from government sources and historically accurate. COLUMBUS TO COOLIDGE—An outline of American hietory giving the high spots In the nation’s life. BASEBALL AND FISTIC STARS OF TODAY—Brief biographical facts about the outstanding figures lc these branches of the sport world. HOME CONVENIENCES—Directions for building and installing a number of labor saving devices In the home. DOUGHNUTS AND CRULLERS—A cookery bulletin of ‘ receipts for these dainties. DREAMS AND THEIR MEANING—A compilation showlng the most popular meanings ascribed to various dreams. HOUSEHOLD PESTS—The bedbug, the ant, the roach, the centipede, the fly and the mosquito—how to eliminate these pests from the house. SAFETY IN THE HOME—How to guard against a* cldents from gas, electricity and poisons used In the home. BIOGRAPHIES OF THE PRESIDENTS—The facls In the lives of all the Presidents of the U. S. HISTORIC WORDS—Phrases that you use daily and wonder who first used them. APPLES AND APPLE DISHES— Forty ways of using apples in delicious dishes. CHRISTMAS' CUSTOMS—The origins of all the customs of Christmaa time. HOW TO INCREASE THE WEIGHT—Simple rules for putting on flesh. HOROSCOPES FOR THE YEAR—What the astrologers predict for persons born on different dates. VALUES OF OLD COlNS—Listing practically every U. 8, coin of value to collectors. FIFTY WAYS TO COOK POTATOES AND EGGS—A bulletin of recipes for preparing these nourishing foods in many attractive ways. PALMISTRY —The standard rules for reading the lines of the hands to tell fortunes. FACT AND FANCY—A bulletin of curious information telling things that people think are so which are not so, and things they think are not so which are so. PIES AND PASTRIES—A cookery bulletin with full directions for making toothsome desserte of the pie and pastry order. THE ESSENTIALS OF PARLIAMENTARY LAW —Useful alike to the man or woman In club, lodge, convention or meeting. OLD-FASHIONED DANCES —Simple directions for dancing the old-fashioned dances. AUTOMOBILE PAINTING—A bulletin listing the me. terials needed and giving full directions for reflnlsh. ing the family car. FOREIGN DISHES—An Interesting compilation of odd dishes drawn from foreign sources. DESSERTS—A helpful bulletin for the housewife who le “stumped” on what dessert to have. Full directions and recipes. HOME-MADE BEVERAGES—Hot and cold drinks for every occasion and how to make them. NICKNAMES AND THEIR MEANINGS—A compilation of interest historically as to the origins of famous nicknames. AUCTION BRIDGE RULES—A bulletin for the average bridge player who wishes to Improve his game. AROUND THE U. S. COOK BOOK—Recipes drawn from every section of the United States telling bow to make famous dishes of local origin. AUTO CAMPING AND TOURING—UsefuI suggestions for the gypsy motorist. HOME CANNING—A bulletin the housewife will want ready for the canning season. THE ETIQUETTE OB’ DRESB—What to wear; thg proper thing for every occasion. FROZEN DESSERTS—Delicacies from the freezer and the ice box and how to make them. OUTDOOR GAMES—Suggestions and directions for 4 games to be played by groups on outdoor parties. TRAVEL ETIQyETTE—The proper thing to do in hotel, train, ship. CARE OF CANARIES—If you have a pet canary, you will want this bulletin. PSYCHOANALYSIS SIMPLIFIED—^The science of th reasons for behavior simply explained. SIMPLE PLUMBING REPAIRS IN THE HOME—Us** ful to the man of the house in repairing small troubles with the pipes. LOVE, MARRIAGE AND HAPPINESS—A bulletin that every mother might well place In the hands of her daughter—the facts of sex, love and marriage told in an way. LETTER WRITING—HeIps and suggestions for the writing of letters of ill kinds. WIT AND HUMOR—Jokes and toasts that are famous. J

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