Indianapolis Times, Volume 38, Number 295, Indianapolis, Marion County, 17 March 1927 — Page 15

MAKOH 17,1927

HOG MARKET CRASHES 25 CENTS LOWER

HIGH-GRADE RAIL AND INDUSTRIAL STOCKS POPULAR Demand for Their Increases —Federal Tax Reduction Foreseen.

Average Stock Prices

Average of twenty industrials Wednesday was 161-61. up .1.58. Average of twenty rails was 127.26. up 1.25. Average of forty bonds was 98.69. up .08. Wall Street had its eyes centered on Washington today watching for more complete returns from the March 15 tax collections. These indicated, according to Secretary Mellon’s estimate, that the Treasury would end the current fiscal year with approximately a half billion surplus, which the financial district immediately accepted as forecasting reduced taxes for the new year starting July 1. This prospect was reflected in active demand for high* grade stocks of both the railroad and industrial departments. Delaware & Hudson, and D. L. & W., which are linked up with Wabash in the proposed Loree fifth trunk line, scored substantial advances. Norfolk & Western also was strong, responding to the announcement by Dow, Jones & Cos., that Pennsylvania had increased its holdings of Norfolk & Western last year by $18,000,000 par value, bringing its total common holdings to $62,700,000 out of $139,572,700 outstanding. Pennsylvania ■ also bought $4G0,000 preferred last year, increasing its preferred .hold-, ings to $11,925,000 out of $22,992,300. Pennsylvania’s holding now total more than 45 per cent of both Norfolk issues, appearing to foreshadow a closer relationship between the two roads. In the industrial list the highest prices on record were reached by United States Steel, General Motors and Rational Dead, while further aggressive advances took place in Baldwin, Allied Chemical, Case Threshing, United Drug and other high priced issues. The leaders of this class were forced to accept heavy profit .taking in the afternoon, but selling of this character was taken care of without important recessions in the issues affected. DEAD SENSATIONAL Common Stock Rises Rapidly—Steel, A. T. & TANARUS., Others Outstanding. Bit United JBress NEW YORK, March 17.—National Lead common stock furbished the j sensaiion or, the New York stock market today, responding to a large growth in earnings and the decision of the directors to split up the stock on a two for one basis. The issue shot into new high ground, gaining 1016 points for the day. Tho session on the market was marked by rising prises. * United States Steel scored a newhigh record of i64% following publication of private estimates that the Steel Corporation was operating at 99 per cent of capacity. General Motor was still feeling the good effects of its February sales record, announced yesterday, the issue also reaching anew peak at 179%. On. the other hand, Continental Baking A was under severe pressurdf losing 1% for the day. Cluett & Peabody common dropped 41} following resignation of two members of the Cluett family. American Telephone and Telegraph ran up to anew high since 1903, but following the'-announcement by President Gifford that the company was not contemplating a split-up in stock, as had been rumored, the issue broke to 1G5%, closing at 163%, up 1% for the day. v New York Liberty Bonds —March 17— Prev. Close. close. •'* 1 • S 101.7 101.6 2nd 4.Us 100.19 100.21 •3rd •( % s 101.8 I 101 ..<) Ith 4Us 104.7 104.7 I r. 4iis 1902 114.5 110.28 Tr. 43 1054 105.19 108.14 Automobiles sos Sale FORDS 1923' Ford Tudor $275 1923 Ford Sedan 100 i 923 Ford Coupe ).... 1922 Ford Touring 50 Small Down Payment LONG. AUTO SALES 1114 N. Meridian STOP AT 1525 Dodge coupe, late 1926: perfect coudition: 5335 Ferd louring, late 1924: SBO. Pilot sedan, like new throughout: $425. Peerless touring, new paint, new tires: Fhnt Eedan; new Duco. new tires: V> - LOCOMOBILE _j 1 525 X. Meridian. IP original lady owner, 7-passenger. 1920 Buick tourinc: One engine and tires: in 1 w battery, 887 Mass. Are or RI, 2937. T rucks FORD ton truck chassis, six to choose front: 32x6 tires on rear: almost new special transmissions: 1926 motors: down payments. SBS. SMITH & MOORE, authorlzed lord dealers, 528 South Meridian St. Main 6650. %-ton slipon body: cheap: - soo cash. Hfm. 1785. FOR D EIGHT TRUCK. $53. STARTER: _ 1923. 717 DORMAN ST. E 5 TRUCKS. VARIOUS TT K JoSIm^ DSIZE S- INTERNATIONAL HARVESTER COMPANY OF AMERICA. L r S -E£ TRUCK DEPARTMENT. 1188 KENTLCKV AVF„ MAIN 9XOO LATE 1925 one-ton truck: slake body; J-IfU c ®b. Only $95 down. Personal service. X- ~W A NGELIN-SHARP CO. 962 N. Meridian. 443 Virginia Ave. - _ Upen Evenings and Sunday. £°°d condition; price - rcs-ftonable. b.~>04 Bellefontaine. ___________ Legal Notices NOTICE is hereby given that on the 23rd day of March I will sell lor storage one Buick touring car, motor No. 787933. serial No. 774(147. charges S4O. One Chevraotor No. 2402249, serial No. ? XP3r 2 KU' Ch ? rgeß $ 65 - SWISS GARAGE. 3110 N. Illinois St. C. E. Hughes, prop.

New York Stocks By Thomson & McKinnon)'

—March 17 | Railroads— Prev. High. Low. : . lose, Atchison . .176% 175% 175% 176% Atl Cst L. .189% IST KBS 189 B&O ... 114 113% 113% 113% Canad Pac 186% 185 185% 185% C&O ... 158% 156% 157% 156% C & NW... 83 ... 82 % 82 % C R I & P. 87 86% 86% 86% Del & Hud 186 183% 185% 183% Del & Lac 159 155% 158% 154 Erie 43% 43*5 43% 43% Eric Ist pfd 56 % •>■”> % .>3 % 55 % Gt North pf 87% 87% 87% 87% Lehigh Val 120% ... 120 120 K C Southn 51 50 % 50 % 50 % L&N ... 135% 135 135% 135% M K & T . . 39 % ... 38 % 39 H Mo Pac pf 103% 101% 102% 100% NY Cent.. 144 143 143% 142% NY NH & H 51 % 50% 51 51% North Pac. 87% 86% 86% 88 Nor & Wst 175 % 171% 174% 171% PereMarq.. .. ... ... 118 Pennsy ... 59% 59 59% 58% Reading .. 107% 106% 107 ,106% S Railway 124% 123% 124% 124 So Pacific 113% 109 113 109 St Paul ... 14 % ... 14 14 St Paul pfd 21%! ... 21 % 20% St L & SW 72% 71 71% 71% St L& S F 113% 112 113% , 112 Union Pac 169% 167% 168% v 168 Wabash ... 72% 7T% 71% 72 Wabash pfd 94 Vs 93 94 92 % Rubbers— Aiax 12% 12 12% 12% Fisk 18% 18% 18% 18% Goodrich .. 56 Vs 50% no % 56 I Goodyr pf *05% ... 105 105% Kelly Spgfld 19% 18% 18% 18 jS U S Rubber 65% 64 64% 64 ■. Equipments— A C and F 103% 103% 103% 103% Amer Loco 111% ... 111% lit % Am Stl Fdy 45% 45 % 4n% 45% Bald Loco .195% 190 192% 191% Gen Elec.. 86% 85% 85% 85% Lima 69% ... 69% 69 N Y Airbrk 45 ... 44 % 4, Pr Stl Car. 58 5.5 7% 54% Pullman ...180 179% 179% IjO’.i Ry Signal 112% 111% 112% I]2”* West A B 155% 103% lo*>% 14 West Elec 74% 73% ' 1 “3% Steels— Bethlehem.. 50% 49% - 50 49 % Colorado F 60% 59% 59 % 59 % Crucible .. 92% 9% 91 Vs 02 % Gulf S Stl. 62Vi ... 62 61 •* P R C & I 44% 43% 44% 44 Rep Steel.. 74% 73% 73% 72% Sloss-Sheff 131% 131 131% 131 U S Steel 164% 163% 163% 163% Vanadium. 46 % 45% 45% 46% Motors — „ _ ... Am Bosch. 15 ... lo l‘}% [Chandler.. 23% 23 23% 23 Chrysler .. 42 % 42 43 42 Conti Mot.. 12% 12 12% 1.% Dodge ... 23% ... ‘.2% 23 Peerless .. 27 % 26 - 16 '-6 % Gabriel ... 30 % ... 30 Vi „30 % Gen Mot.. 179% i17% 178 178% Hudson .. . 72 % ... 70% <2 Hupp .... 22 ... 21 % -l Jordan ... 20 Vs 19% 20 19 Mack ... 107 Vs 105% 106 Vi 107 , Martin-Par . ... ••• 21% Moon ... 8% ... 8% BVi Nash .... 66% 65% 65% 66 Packard .. 37 % 36% 36% 35% Pierce-Arr.. 21% 20% 20 % 21 % Studebaker. 50 “i 50 50 % 50 % Stewart W. 58% 57% 57 % < % Timken ... 88Vs 87% 88 88-Willys-Over. 23% -3% 23% 23% White Mot. 51% 50% 50’s 51 Vi Mining— Am Smelt 1.50% 118% 148% 119 Anaconda... 40% 46% 46% 46 Cerro De P 63 • 62 % 62 % 62 % Inspiration.. 19% ... 19% 119 % Int Nickel. 41% 41 41% 41 % Kennecott.. 62 3 i 62 % 62 % 62 "s Tex G & S 59% 59 59 58% U S Smelt 37 36% 37 36% Oils— , „ Atlanta R 113 111 111% 112 Cal Petrol. 29 28% 28% 28-:, Freport T 47% 46% 47 47 Houston ..122% 119% 120% 121% Ind Oil ... 26 % 25 % 26 % 25 % Marl Oil.. 52 Vi 51% 52% 51% M Con Pet. 36 35% 36 35% Sup 0i1... 4% .. 4% 4Vi Pa-Am P B 62% 62 62 % 62 Pac 0i1... 1% ... 1% 1% Phil Pet... 52 51. % 51% 51 % Uu 0i1.... 47 46% 46% 46 Pure 0i1... 29Vi 28% 29% 29Vi Royal Out. 51 ... 50 % 51 Shell 30 29% 29% 29% Sinclair .. 18 Vi ... 18 V* 18% Skelly 32 31 % 31 % 31 % St O of C. . 57% ... 56% 56% St O of N J 37 % 37% 37 % 37 Vs Tex C 0... 48% 47% 48 Vi 48*., Tran Pet.. 4 1 , ... 4% 4vs Industrials— Adv Ru .. 14 Vi 14% 14 Vi It Vi A1 Chal... 96 % ... 95 95 A1 Chem .143% 140% 141 % 140% Arm A ... 13 ... 12% 12% Am Can... 48 46% 47% 48 Am Wo. . . 20 Vs 19 % 19 % ,20 Vi A 111 L pf 51 50% 51 40 % Ani Sa Ra 54 % 53 % 53 % 53 % Ccn Lea.. 9 % . . 9 % 9V. Coro Cola t. 193 192 102% 191 Vs Cont Can.. 64% Bt',% 63% 64 Cer Pds. ... 48 47 % 47% 47% Dav Chem. 29 29 29 28 % Dupont ...212- 209 *7 209% 208 Fam PI ..112% llOVs 111% 110% Gen Asp ..91 89 89% Sit Int C En. . 57 3* 55 U 55 6 s 55 \ Int Pa... 58 % 56% 57% 56% Int Har ..162% 160% 161% 160 Leows .... 63 % 62 Vi 63 Vi 63 • M D Stores 70% 70 70% 70% Mont Wd.. 67% 65% 66% 66 Mat Lead .199% 188 197% 187 Ow 80t.... 82% ... 82% 82% Padio .... 54 Vs 53 53 % 53% Real Silk. 45% 44% 45 45% Sears Roe. 55 % 54 % 54 1 54 % i Untd Drug 169 Vi 165% 168 " 165% USCIP . 222 . . . 220 220 % U S Ind Al 78% 76% 78 7717 Wcolworth 128 V* . . 127 127% Utilities— * * A T and T 168 165 Vi 105% 164% ! A Exnrere 132% 131% 132% 131% t Am Wt Wk 76% 76% 76%. 76 Va ; Brklyn Mail 67% 66% 66% 07 Cos! G and E 85 V - 84 Vs 85

Produce Markets

Butter (wholesale price)—Creamery best srade. a pound. 53® 54c. Butterfat—Local dealers pay 52 @ 54c a pound. , .. Eggs—Strictly fresh delivered at In- ; dianapohs. 21 22c. Poultry (buying prices) Hens, larye breed. 22024 c: Leghorns. 21@22c: ! roosters and Leghorn stays., 14® 15c: (Baggy young springs. 15017c:' soft meated spring*. 19® 20c: Leghorn springs. 15® 16c: ducks. 17@20c: geese. 11 @l2c: turkeys. young toms. 30 @ 32c: old toms 25cliens. 30® 32c: guineas. 35c. Bu United Press CLEVELAND. March 17.—Butter—Extra. 48c in tub lots: standard. 4W. Eggs —Extra, 27%c: extra firsts, 26c: firsts. %c; ordinary. 24c. Poultry—Heavy fowls range. 28c; medium, 30o: Leghorns, ’-4 0 26c: heavy springers. 29 0 30c: ducks. 3u@3sc: cocks. 16017 c: stags 21@23c' i capons. 34c: spring broilers. 50©; 55c. Potatoes—Round whites. 150-lb. sacks Maine, 5.1-2 o; Michigan, mostly $3.30: New York, >3.60: Idaho russets bakers. 115-lb. sacks. 54_.1:>©:4.25; Ohio bushel sacks. $1.35® 1.50; Florida, barrels, new stock. No. 1, sl7: No. 2. sls: Maine, 2-bu. sacks, $3.50: Colorado Brown Beauties 120-lb. sacks, $3.83. Bu United. Press NEW YORK. March. 17.—Flour—Dull but steadv. Pork—QuiPt; mess. $37.50. Lard—Dull: middle west. $12.85012.05. Sugar—Rav.-. easy: 96 test, 4.7004.74 c; refined, dull: granulated, 5.90 06.20. Coffee—Rio No. 7. 1014 c. Santos No. 4, ISOIB%c. Tallow—Dull: specials to extra. 7% @7%c. Ha.v—Dull: No. 1. $1.25 @1.30: Nor 3, $10)1.15: clover. $1,100) 1 25. Dressed poultry—Dull: turkeys. 30 @s2c; chickens. 20040 c: capons.- 280 46c Jowls, 17 © 33c: Loug Island ducks. 22 028 c. Live poultry—Steady; geese, 11 @l7c: ducks. 190 1 30 c. fowls. 27®29c: turkeys. 25 (a 30c: roosters. 17c: chickens. 21 ©32c: broilers. 40050 c. Cheese Dull: state milk, common to special. 25@ 28c: young Americas. 26@27%e. Butter —Steady: receipts. 10.596; creamery extras. 48% c: special market. 48%@49%c. Eggs—Firmer: receipts. 32.153: nearby I white fancy. 33 @ 34c. nearby-state'whites, 2i@32c: fresh firsts. 25% @2634c: Pacific coast, first to' extras. 29 035 c: western whites. 26@30c: nearby browns. 30 0 32c. Potatoes—Long Island. $2,25 0 6.25: Jersey, basket. $1.5001.75; southern. $3.10: state. [email protected]; Maine, [email protected]: Bermudas, [email protected]. Sweet potatoes—Jersey, b'asket. 60c @ $2.25; southern, basket, [email protected]. Bu United Press CHICAGO. March 17.—Butter Receipts, 6,504; creamery, 47@47%c; standands. 48%c: firsts, 48%@46%c; seconds, 4 io4Oc: extras. 48c. Eggs—Receipts. 18.092; ordinaries, 23c: firsts. 24 0 24He; seconds, 23%0; extras. 26 %c. Cheese— Twins. 22 %c; Americas. 23 %e. Poultry —Receipts. 3 cars: fowls, heavy. 24c; small. 26 %c: springs. 51c; ducks, heavy. 32c; geese. 10e: turks No. 1,30 e; roosters. 19e. Potatoes—Arrivals. 67 cars; on track. 259: in transit, 674: Wisconsin round whites, $1.85 @2, mostly $1.90© 1.95: Idaho sacked russets. [email protected], mostly [email protected]. Sweet potatoes $1.90 @2.

Local Wagon Wheat

Local grain paying $1.21 (or No. 2 red wheat. Other grades arr ourchßsxi on their merits

Peppermint Oil

(By Thomson & McKinnon) NEW YORK, March 17.—Peppermint oil—Natural, [email protected]: U. S. P.. $4.40 @4.50.

, Cons Gas .. 99% 98% 98% 98 Interboro 47 Vs 47 47 % 17% No Amu Cos 49 48 % 48 s 49 Peoples G 130% 130 130% 130 Phila Cos 92 91% St G and E 56 Vs 56% 56% 56% Wll Union 154% 154 154 Vi 152 Shipping—i Am Int Cpn 38 % 37 Vs 37 % 37 % A Sand C. r. ... 4% 4% Atlan Gulf. .. ... 34 % 33% In M M pfd 42% 41 41 41% Untd Fruit 122 Vi 122 122 V* 121 Foods— Am Sugar. 83Vi 83 83 83% Am Bt Sug .. . ... 2$ 5? 23 Austin Nieh A 3% 5% 6% Beech N Pk 56 56 , Calif Pack.. 66 Vi 64 % 65 64 % Com Prods. 53% 52% 52 Vi 52 % Cuba Cn pf 43 Vi 42% 43 43% Cuba Am S 25 23% 24 25 Floischmann 50 % 50 V* .>O% nil Vi Jewel Tea.. .. .■ - ... 08 Nat Biscuit 108% 100% 10i *06% Punta Aleg 41% •••„. 40% 41 A Pestum ... 96 94% 95% 94 Ward Bk B 27% 25% 25% 28 Tobaccos— Am Sumat. 51 50 V* .50 % 6014 Amer Tob .127% 126 126 V* 135 % Am Tob B 127 125% 126 124% Cons Cigars 82 % 81V* 81 % 82 Gen Cigars... ... 54 Vs 54 % Liggett . . . 96 Vi 95 96 Vi 95 Lorillard ..28% ... 28 28Vi R J Rynlds 111% 100% 110% 109% Tob Pro B 108% 108 % 108% 108% U C Stores 94 % 93 Vi 94 94 % Schulte R S 40 ... 48 % 48 % WHEATOROPS2 CENTSAT CLOSE Break Comes in Wake of Quiet Session. Bu l u ted Press CHICAGO. March 17. Heavy liquidation developed late in the session on the Board of Trade today and wheat prices crashed I®* to 2c from the previous close. No special news was apparent to explain the sudden selling. - The break in prices followed a quiet session. Profit taking by yesterday's buyers was in evidence early. The cash demand was moderate and cash prices remained unchanged. There were no figures available on export business. Local receipts were 20 cars. Some of the best buyers in corn became discouraged and liquidated their holdings and with receipts larger than the last two days at 85 cars, prices were moderately lower at the close. The cash market was steady to %c higher. Oats were a little easier in a very dull market. Receipts were 35 cars. The cash market was steady and unchanged. Provisions closed lower. Chicago Grain Table —March 17— WHEAT— Prev. Open. High. Low. Close. close. Mav 1.38% 1.38% 1.36% 1.36% 1.38% July 1.32 % 1.33 1.30% 1.31 1.32% Sept 1.30% 130% 1.28% 1.28% 1.30% CORN— May .77% .77% .76% .76% .77% July .81% .81 % .80% .80% .81% Sept .84 Vi .84 V, 84 V* .84 % .84% OATS— M4y .45% .46 .45 % .45 % .45% July .46% .46% .45% .45% .46 ~ Sept .45 .45 4t % .44% .44% LARD— May. 12.42 12.45 .2 40 12.40 12.42 RIBS— May.... Nominal 14 60 14.80 RYE— May 1.03% 1.04% 1.02% 1.02% 1.03% July 1.02 1.02% 1.00% 1.01 1.01% Sept .97% .97% .96% .96% .97% Bu Times Hvccial CHICAGO. March 17.—Carlots: Wheat. 16; corn, 42; oats. 37: rye, 0. Bn Times Special CHICAGO. March 17.—Primary receipts: Wheat, 676.000. against 554,000: corn, 301,000, against 660.000: oats. 374.000. against 415.000. Shipments: Wheat. 468.000, against 395.000: com. 335,000. against 332,000; oats, 353,000, against 538,000. Bu United Press _ _ CHICAGOr*“March 17.—Wheat—No. 2 red. 81.35. Corn—No. 3 yellow. 71 @ 74%c: No. 4 yellow, 05% 066 c. No. 5 yellow, 62%®04%c: No. 6 yellow, 00% HI 61 Vic; No. 4 mixed. 64%@70%c: No. 5 mixed. 62di03c: No. 6 mixed. 61e: No. 4 white, 64c: No. 5 white. 62Vi®62%c: sample grade, 48<3)53%c. Oats—No. 2 white. 47% <ffi4o%c: No. 3 white. 42% (it 45Vic: sample grade. 33Vi ($370. Barley —o7i@77c. Rye—No. 2. $1.01%. Timothy—s4.7s (q: 5.25. Clover | 35.75. i Bu United Press TOLEDO, March 17.—Wheat.—No. 2. 81.32© 1.33. Corn—No. 2. 73@74c. Rye —No. 3. $1.03. Oats—No. 2. 47ft|48e. Clover—Cash domestic, $26.75: cash imported. $17.65: March. $17.65: October, *17.25. Timothy—Cash new. $2.60; 1 Starch. $2.60: April, $2.65. Alrike—Cash, ; $23.50: March. $23.50. Butter—sl @ 54c. ' Eggs—23® 35c. Hay—s2s.

Cash Grain

Thursday's receipts, 47 cars. Prices quoted 41 %c f. o. b. basis to New York. Hay on track Indianapolis. Bids for grain at the Indianapolis Board of Trade were: Wheat—Steady; No. 2 red, $1.22 @ 1.23%: No. 2 hard. $1.23% @1.26. Corn—Firm: No. 4 white. 55®58c: No. 5 white. 530 56c: No. 4 yellow, 54® 57c; No. 5 yellow. 5i% 055 c; No. 4 mixed, 52% 0 56e; No. 5 mixed. 51@53%c. Oats—Steady: No. 2 white. 42%@45c: No. 3 white. 39042 c. Hay—Weak: No. 1 timothy. $16,500 17: No. 2 timothy, $15.50016; No. 1 light clover mixed. $16.50 0 17: No. 1 clover mixed. $lO @16.50; No. 1 clover haj r , $15.50® 16. —lnspections , „ Wheat—No. 2 ,red. 1 car; No. 3 red. 1 car- No. 1 mixed. 3 cars. Tota.l. a cars Com—No. 4 white, 4 care; No. 6 white, 3 cars: No. 6 white. 2 cars: No. 3 yellow. 2 oars: No. 4 yellow, 4 cars; No. o yellow, 7 cars: No. 4 mixed. 4 cars: No. p mixed. 4 cars; No. 6 mixed, 3 care. Total. 3 "oats—No. 2 white, 4 cars; No. 3 white. 2 oars; No. 4 white, 2 cars: sample white, 2 cars. Total. 10 car.

In the Cotton Market

(By Thomson & McKinnon) SEW YORK, March 17.—The cotton market lost its boyancy overnight and opening prices were eagerly accepted by holders. On an absence of supporting orders the market had declined from 15 to 20 points in the early afternoon. Shippers were active buyers in February, which is usually a dull month, but their inactivity in March is equally noticeable. Euro;; appears to be cancelling buying orders. Tn our opinion the exportation of cotton has been suHcient to dull the demand from tllat source for sometime to come. We think the general feeling in the trade is that it is up to the farmer to •give the world some concrete evidence of a big acreage reduction. We see no signs of anything pronounced in that direction and therefore think it wise to liquidate long contracts and await a more favorable opportunity for taking a constructive position. NEW FORK Open. High. Low. Close. January ....14.41 14.41 14.29 14.29 March 13.82 13.82 13.68 13.67 May 14.09 14.00 13.77 13.79 July 14.08 14.09 13.04 13.97 October 14.76 14.28 14.10 14.13 December ...14.43 14.43 14.27 14.28 NEW ORLEANS High. Low. Close. March 13.92 13.75 13.76 May 13.91 13.74 13.78 July 14.05 13.88 13.92 CHICAGO High. Low. Close. January 14 "t3 14r20 14.20 March 13.80 13.80 13.80 May 13.96 13.80 13.80 July 1 .14.09 13.94 13.94 October j 14.20 14.04 14.04 December / .14.33 14.18 .14.18

THE JLjIS jJIAN AHOLIiS TxiViHtS

Trading Slow —Porkers Only Livestock to Change . Prices. —Hog Price Range— * March. Bulk. Top Receipts. 10. 11.85® 12.35 12.50 4.500 11. 11.85® 12.25 12.35 4.500 12. 11.85® 12.25 12.35 2.000 14. 11.80® 12.25 12.30 3.500 15. 11.75 ® 12.15 12.25 6.000 16. 11.65® 12.35 12.25 4.500 17. 11.40 ® 12.00 12.50 5.000 Hog prices continued their decline, slipping off 25 cents on the hundredweight today. Trading was slow following the* opening of the market. which received a normal sized run of 5,000. Tile bulk of the lot went at the rate of $U.40@12. The highest paid on any material was sl2, applied on some meat animals under 200 pounds. Prices here were as good as Chicago, although the market there was steady to only 10 cents off. Hog Price Range Porkers weighing 130-160 pounds sold at [email protected]; 160-200 pounds, $11.75@12; 200-250 pounds, $11.40@ 11.75; 250-300 pounds, [email protected]. The price on meat heavier than 300 pounds was indefinite. Pigs had dropped to $11.75 and downward and packing sows to [email protected]. The cattle market was steady, receipts counting 800. Beef steers cleared at [email protected]; beef cows, [email protected]; low cutters and cutter cows, [email protected]; bulk stock and feeder steers, $6.75@8. Veal Steady The calf market was unchanged* the bulk of a 900-head run going at $14.50. Best vealers brought sls. In the sheep and lamb pens 400 head were received, all of rather plain quality. A few native lambs went at $14.50 and downward. Top fat lambs were quotable at sls; bulk fat lambs. [email protected]; bulk cull lambs, sß@ 11.50. —Hogs— Receipts, 5.000; market lower. 90-130 lbs sll® 11.75 130-160 lbs 11.50 6 11.85 160-200 lbs 11.75® 12.00 200-250 lbs 11.40 ® 11.75 250 lbs. up 10.75® 11.40 —CattleReceipts. 800; market steany Beef steers 8.25® 10.50 Bulk stoeker and feeder steers 6.75® 8.00 Beef cow* 5.50® 7.50 Low cutters and cutter cows. 3.75® 5.25 | —Calves— Receipts. 900; market steadv. Best vealers $14.00 0 15.00 Heavy calves 0.50® 9.00 —Sheep— Receipt* 400: market steady. Top fat lambs $15.00 quotable Bulk fat lambs [email protected] : Bulk cull lambs [email protected] j Other Livestock Bu Times Special LOUISVILLE. March 17.—Hogs Receipts, 500: market 15c lower; top, $11.60. Cattle—Receipts. 100; market steady. Calves—Receipts. 200; market steady: good to choice, $10.50012.50: medium to good. $8@)0; outs, $8 down. Sheep—Receipts, 50: market steady: top lambs, sl2 @i3: seconds, $10011: sheep, s6@7. Bu United Press CINCINNATI. March 17—Hogs Receipts. 3.200. holdovers. 1.300; market. 10 @2oo lower: 250-350 lbs.. $10.75® 11.50: 200-250 lbs., $11.50@12: 100-200 lbs.. $11.90@12: 130-100 lbs.. $11.75© 12: 90-130 lbs.. $10011.85: apkeing sows. $9 @lO. Cattle—Receipt*. 500: calves, 600: market slow, steady: beef steers. $7.50® 10: beef cows. $.->.25@7: low cutters and cutter cows. $4 @5. vealera. so(ril4: heavy calves. so@9: bulk stock and feeder steers. so@B. Sheep Receipts. 75; market dull. 50c lower, sheep steady: top fat lambs. $11.50: bulk fat lambs, sl2© 15.50: bulk cull lambs. $7 @10: bulk fat ewes. $5 @B. Bu fj itrrt Press PITTSBURGH. March 17.—Hogs—Receipts, 1.000; market mostly 10c lower: 250-350 lbs.. $11.5011.73: 200-250 lbs.. $11.76012.25: 100-200 lbs.. $12.25®. 12.50. 130-180 lbs.. $12.26012.60: 90130 lbs.. [email protected]: packing sows, $lO @10.75. Cattle—Receipts. calves. 150: market steady; beef steers, quotable $9010.50: vealers. $15016. Sheep Receipts. 500: market steady to 25e higher; top fat lambs. $15.75: bulk fat lambs. $15.60: bulk cull lambs. sß@lo. Bil I'nited t ress EAST BUFFALO. March 17—Hogs Receipts. 1,000: holdovers. 1,418: market slow. 25e lower: 250-350 lbs.. 811.40® 11.90. 300-250 lbs., $11.75012.25; 160200 lbs.. [email protected]; 130-160 lbs.. $12.25012.50; 00-130 llis.. $12.25® 12.50; packing sows. slo® 10.75. Cattle—Receipts. 200; calves. 150; market strong, few heifers $8.15: calves steady: vealers, • $15.50 016. Sheep—Receipts. 2.000: market strong: bulk fat lambs. 815 @15.35; bulk cull lambs. sll @12.5(1. Bu United Press EAST ST. LOUIS, March 17.—Hogs— Receipts, 13 500: holdovers. 10; market 10@ 15c i under yesterday's low; 250 to 350 lbs., [email protected] 200 to 250 lbs.. [email protected]: 160 to 260 lbs., $11.25© 11.7 o: 130 to 160 lbs~ to 130 lbs.. $10.50® 11.50: packing sows, $10010.50. Cattle—Receipts, 1.800; market for steers largely nominal: beef steers. [email protected]: light yearling steers and heifers. s6@B; beef cows. $5.75@8; low cutters and cutter cows. $4.25 05.25: wealers. sl4; heavy calves, s6@9; bulk stoeker ant 1 ' feeder steers. $0.750 9. Sheep Receipts, 250; market nominal: top fat lambs, sls: bulk fat lambs, sl4 014.75: bulk cull lambs. $11@1260; bulk fat ewes. $8.50 @9.50. Bv United Press TOLEDO. March 17.—Hogs—Receipts. 400; market slow, 25c lower: top, $10.75 @llj heavies, $11.25011.50; Yorkers. $11.75@ 12.25; good pigs. $11.90012.25. Calves—Receipts light; market steady. Sheep and lambs—Receipts light: market slow. , Bv United Press CLEVELAND. March 17.—Hogs y— Receipts. 1,800: market 15 @ 25c lower 2 >0- 1 .150 l<s.. $11.50 012,- 200-250 lbs.. $11.85 @l2; 160-200 lbs, [email protected]: 130-160 lbs, [email protected]: 90-130 lbs, $12.25: packing sows. $10.25® 1 0.75. Cattle—Receipts, 100; calves. 400: market steady to strong: beef steers. $S®9: beef cows. $5.76@7: low cutters and cutter cows. $4 @4.76. vealers. $15.60@10. Shecj—Receipts. 1.000: top fat lambs. $15.25: bulk 1 fat lambs, sls @15.25: bulk cull lambs, sll @l3: bulk fat ewes. $0.50®8.50.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. March 17.—The violent price changes which occurred today in the sugar futures market have not been equalled in any session for a long time. A sharp drop at the opening with transactions unusually heavy, was followed by a rally, which carried prices back to within a point or two of the average of Wednesday’s close. The market indicated clearly that a temporarily over-sold condition had been built up. In Cuba it was reported today sales were made on the equivalent of 3 cents to 2 15-16 cost and freight. The market steadied as it struck the lower level. What has happened this week has emphasized the present unsettled condition in the trade where supplies are evidently excessive. But we look for a withdrawal of offerings on any further attempts to depress the markat and maintain an optimistic view of The outlook. We advise purchases on recessions. RAW SUGAR PRICES Prev. High. Low. Close, close. January ...1 2.87 2.80 2.85 2.88 March 2.92 2.89 2.89 2.95 May 2.96 2.88 2.94 2.98 July 3.08 3.00 3.07 3.08 September . . 3.17 3.09 3.10 3.17 December . . 3.07 3.00 3.05 3.08 SEEK STOCK ISSUE O. K. Petition to issue stocks and trends totaling $30,260 was filed with the Indiana public service commission today by the Colfax Water and Supply Company. The money from the sale of securities is to he used in the construction of a water supply plant at Colfax, Ind. GINNINGS ESTIMATED Bu United Press MEMPHIS, Tenn., March 17.—The George L. Fossicg Bureau today estimated final cotton ginnings at 18,021,000 bales. The Government’s preliminary estimates showed 18,600,000. *

LEADING INDUSTRIALS REACH NEW LEVELS Call Money Lowest Since Last June —New Notes Replace / Over Million Dollars’ Worth of Liberties.

By Elmer C. W aller Manager United PresUrFinancial Service. NEW YORK. March IT.—A drop in call money to 3% per cat, the lowest rate since last Junfe; announcement that over $1,000,000,000 of second Liberty 414s had been exchanged for five-year 3% per cent notes: continued advance in the steel business, and a 33 per cent Increase in General Motors sales, setting anew February record, bolstered up the stock Rjarket Wednesday, sending leading issues into new high ground and definitely setting Vhe market on an upward trend. Early prices were barely steady, though there was less pressure noticeable on the oil shares which had been the chief bearish ammunition of rate.' Around noon the call loan rate was reduced from the renewal figure of 4 per cent. Indicating the return of a vast amount of money paid out in dividends on March 15. This furnished the impetus for a bullish _ demonstration which was furthered by the behavior of General Motors and United States Steel, both of which reached new high levels for all time. Telephone Holds Stage American Telephone & Telegraph was an outstanding feature of strength among the industrials, spurting 8 points at one time to the highest level in twenty-four years. This issue which enjoys a strong position in the investment class and seldom moves widely, centered attention on its action Wednesday. Rumors had l>een published that the stock would be split two for one in the near future. "While the stock market was re-

Commission Row

I’RICES TO RETAILERS FRUITS Apples—Box Apple*—Spitzenberg. $7.50 @2.70: Grime*. $2.25; Wuicsaps 82.7. V Staymens. $2.75: Delirious. $3.500 3.75'. Extra fancy barrel*—Grimes. $4: Rhode Island Greenings. $4.50: Cherry Red Baldwins. $3.75: Rome Beauties. 84.511; Beu Davis. $4.50: Virginia Winesaps. $5; Delicious. $7; New York Kings. $4.50; New York Baldwins. $4 04.25: York Imperials. J+. F aiiey barrels—lndiana Jonathans. $4; Indiana Staymens. $3.75: Winesaps. $4: Baldwins. $3.75; Rome Beauties. $3.7504: New Y'orlt Baldwins. $3.50; Delirious. $5.50. Basket, apples (40-lb. lots)—Jonathans. $1.75: Grimes. $1.50: Staymen Winesaps. $1.50: Delicious. $1.73: Baking. $1.50; Wagners. $1.35: New York Greenings. $1.50: New York Kings. $1.50: Baldwins. $1.2501.50. Bananas (jobing price)—3% 06c lb. Cranberries—Jersey Howes, naif bbl.. s4.Of. Gripefruil—Extra fancy. $4.50 05: fanej. $3.5004. Lemons—California. $4.50@5. Oranges—Florida. $4.5004.75: California navels, extra fancy. $4.50 05.75: fancy. $4 0 5.50. Strawberries—Florida. 40® 45c Qt.; $4.25, 24-pt. ease. VEGETABLES Artichokes— California. $1.50 doz. Asparagus—Gevrgia, $1 bunch. Beans—Florida green. 36 hamper. Brussels Sprout*—Fancy California. 30c pound. Cabbage—Holland seed. O’jc lb.: new Texas. 3%c. Cauliflower—Crate. $2.50. Celery—Florida. 4@6-doz. crate, $3.75: 80'10-uoz.- crate. $3.50; Mammoth (washed). St @1.25 doz. Cucumbers—Hothouse. $2.75 dozen. Eggplant—Florida. $8 (>er doz. Endiv*—Louisiana. $3 bbl. Garlic—California. 12%c lb. Kale—Virginia Broeoli, $2 bbl Lettuce—lechery, <-rt . $3.50. H. G. hothouse $1.05 15-lb. basket. Mangoes—Florida peppers. $5.50 crate; $1.50 peck. Mushrooms—Pennsylvania. SI .50 @ 1.75 for 3-lb. basket. Onions—H. G. yellow, 100 lbs, $3.75: Spanish ert, $1.85: 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. G„ 60c dozen. Parsley—H. G, 60c per bunch: southern 75c doz. Peas- Mexican telephone. $6 crate. Potatoes—Michigan whites. 150 lbs.. $3.85 Russet burbankr, 150 lbs, $4.25; Red River Ohios, 120 lbs, $3.50: Idaho Russets. 106 lbs, $3.75: Idaho bakers, 8070s. $4: New Texas triumphs. $4 hamper. Seed potatoes—Maine cobblers. 150 lbs, $6: Red River Early Ohios. 120 lbs, $3.75: Bliss Triumphs. 150 lbs, $6. Radishes—Southern long reds. 30® 35c: hothouse buttons. $1.25. Rhubarb—H. G. ,05e. Root vegetables—Turnips. bu, 81: parsnips, bu, $2: earrots. bu, $1.50; Louisiana carrots, 90c doz.: H. G. beets, bu, $1.50: Texas beets. $2.25 bu.; Louisiana beets. 90e dozen. Shallots—Louisiana, 60c dozen. Spinach—Texas. $1.75. Sweet potatoes Halls. $1.7 j; Indiana mediums. Tomatoes—Six-basket ert, $4 @6. New York Curb Market —March 17— Bid. Ask. Anglo American 19% 19% Continental Oil 19% 10% Galena Signal 11 11'.. Humble Oil ' 55 55% Imn. Oil of Canada 41 % 42 Ind. Pipe Line 66% ltd Int. P?te 30S 31 Ohio Oil 57% 58 Prairie Oil and Gas 49 49% Prairie Pipe Line 147 148 S. O. Indiana (171, f17% 8. O.y Kansas 1 17' S. O. KentueUy *.114 ' 115 S. O. Nebraska 47% 47% 8. O. Ohio 3X7 323 Vacuum Oil 105 105% Mountain Prod 25% "6 New Mex. & Ariz. Ld. ... 11 ' 13% Salt Creek Prod. .. V 30 30% Land of Florida 23 28 Curtiss Aero 23% *'4 Durant Motors. De! 71, "g Klee. Bond and Share ... 08 % 69 I'.lee. Investors 33 % 34 Ford of Canada 455 405 Goodyear 391; 39 v Midvale Company 3.8 "9 1 National Leather 314 3'S Reo Motors 30 Serv. El ~9% %i' Stutz Motor If) 1111. Cities Service Com 51% ,v> " Cities Service pfd 89 % mot. Cities Serv. Bankers •>;; "9 * Marmon Chicago Stocks —March 17— A- p.l Wi C *', &sn iss ,8 14 ,aS Middle W. 110% 110% 110% jjn% JW'lft &Cos 118 118% 118 118 Swift Inti. 20 30 in in Union Car 114 ... * Wriglev ... 52 % w Borg * Bk. 58% 59 '58% %o IB Brick... 54% 55 54f? 541, Yellow Cab 42 ... .* * - * 3 J R Thojn’i

Banks and Exchange

—March 17— INDIANAPOLIS STATEMENT Local bank clearings were 84.065,000; debits. $7,44j,000. NEW YORK STATEMENT Bu l nited Pres* NEW YORK, March 17.—Clearings. sl,. 360.000,000: balances. $141,000,000. CHICAGO STATEMENT Bu L mted Press CHICAGO. March 17.—Clearings. $147 - 900,000; balances. $15,900,000. „ FOREIGN EXCHANGE Bu l nited Press NEW YORK. March 17.—Foreign exchange closed irregular. Demand sterling, $4.85 1-10. off .00 l-16c: francs. 3.91 c. lire. 4.58Hc, up .01 He: helga. 13.88 He: marks. 23.72 He: Holland. 40.00 c. off OOHc: Russia. 5.15 c: Shanghai. 69Hc; Yokohama. 49.25 c. NEW YORK COFFEE PRICES —March 17— „ Prcv. High. Low. Close, close. January 11.69 11.75 March .... 14.97 14.90 14.90 14.95 May 13.83 13.90 13.91 10.03 July 12.93 12.87 12.87 ■'•’<l3 September .. 13.12 12.10 12.1',' ’ ' December 11.69 11.67 ll.(i .

Covering from its recent slump, a better tone was seen in. sviieat and cotton, both of which had been improved in technical positions by recent selling. The curb market also made some progress with oils showing a better tone toward the close after early pressure. Incidentally the oils are a problem just now in all markets. Their position Is not of the best and further reductions In crude are still in sight. On the other hand, there is every prospect that with spring demand strengthening, a better status will soon be reached. It was this theory which checked selling Wednesday on both the curb and stock markets, though somfe of the oil issues were weak features on the bond market. Tightening Expect'ed Sterling furnished the feature In the foreign exchange trading, rising to anew high record for the year. Other European issues were mixed in a small range. Japanese yen shot up to anew high level. While Wednesday's money market gave every evidence of ease, it was pointed out in Wall Street that a tightening can be expected when the huge amount of checks used in payment of mid-month accounts is cashed. This is expected to be only temporary. Just noiy prospects look bright for a curtailment in the rediscount rate. But Washington has issued broad hints that the present 4 per cent figure can be expected to prevail for some time. All Federal centers have the power to change their rates, but the change must be sanctioned by the central organization in Washington.

PLAN PARADE TO HERALOXIRCUS Planes Will Have Part in Event April 24. The first “circus parade" of the season will lie staged in Indianapolis Saturday when a fleet of Marmon automobiles will herald tho 113th Observation Squadron air circus at the new city flying field, April 24. The parade will advertise the circus, the aviation ball at the Armory the night preceding and the ticket selling campaign known as the “queen of the air" contest, Sergt. Ray Harbin, marshal of the parade announced. Adjt. Gen. William H. Kershner, of tho Indiana National Guard, will head the parade. Girls who have entered the “air queen" contest will ride in the cars. St, Patrick's Day; Murphy Wins Fight Bu United Press NEW YORK, March 17.—Ah Sin, Woe Fat, Lee Yang and their thre>s friends had never heard of St. Patrick 'neither. Neither, for that matter, had Lawarence Murphy heard of Confucius. It was deplorable that the six orientals, who run a chop sucy palace catering to the better trade on the Bowery, should have chosen March 17 to tell Murphy that theirs was a white collar. No. 7 joint, and would he please remove his honorable but unkempt presence from the premises? * ’Twas then that they learned about St. Patrick, to whom a sacred Chinese dragon would have been duck soup. Somebody sent in a riot call. In answer came Patrolmen McCann, O’Leary, Sullivan and FlannagaYi. It was practically over when they got there, the Chinese having exhausted their ammunition of teacups and Murpliy having started to work on them in earnest, but the four cops plunged joyously in the fray. At the police station. Murphy shook hands earnestly with McCann, O’Leary, Sullivan and Flannagan and went on his way. Six Chinese languished in cells, charged with felonious assault on St. Patrick’s day. FILES MANDAMUS SUIT Policewoman Plaintiff in Action to Obtain Pay. Mandamus suit asking City Controller William C. Buser be compelled to pay wages cf Policewoman Sara Rodgers, was filed today in Circuit Court. The suit was filed by Ira Holmes, attorney, who said It was a test case and the ruling will help to determine whether or not fourteen other policewomen, who have gone unpaid since Jan. 1, will receive their salaries. According to the complaint, i $372,59 Is due her. The complaint j alleges there Is $1,11\861.25 in the j city budget and sufficient funds to 1 pay the women.

RIFLE MEET AT CULVER Guardsmen and Civilians to Compete on Range, April 4. AJjt. Gen. William H. Kershner anounced today that the Stats military and civilian rifle meet will be held at Culver Military Academy, ApMl 4. Thirty teams made up of the Indiana National Guardmen and civilians throughout the State will compete on the Culver indoor range. Each team will be composed of live men. Merchandise prizes have been donated by firms throughout Indiana. , SANDERS WILL SPEAK Bu United Press WASHINGTON, March 17.—Everett Sanders, secretary to President Coolidge, today accepted an invitation tb speak at the June commencement of Indiana University, Bloomington.

One Healthy Smack and Mad Dog Died Patrolman Harry Nelis, 1638 E. lowa St., was considerably surprised to find himself hailed as the hero of a desperate “hand-to-teeth" encounter with a mad dog in some quarters today. Here’s what actually happened, according to Nells: Mrs. Kenneth Reed. 1636 E. lowa St., his next-door neighbor, got Nelis out of bed late Wednesday to tell him her dog was frothing at the mouth. While Nelis and Mrs. Reed waited the dog rushed down the street and jumped through the front window of Harry Brown, 1637 E. lowa St., breaking glass and ursetting some furniture. Nelis walked across the street to the Brown home, secured a hand ax and opened the front door just wide enough to admit Ills arm and the ax. When the, dog lunged at his hand Nelis brought the ax down smartly, delivered another healthy blow and the battle was ove*'. PARKED IN BAD SPOT Negro ‘Cut Up’ Over Error; Assailant Sought. Albert Burnbridge, Sixty-Fifth St. Negro, exhibits three ugly gashes in his arm as proof it is distinctly bad Drake St. form to park your auto even across the street from another gentleman’s love-nest. Morford Jordon. Negro 736 Drake St., self-appointed dictator of Drake St. etiquette, who is alleged to have shown Burbridge his error by stabbing him thrice in the left arm, is sought by police today on a charge of assault and battery with'intent to kill. All because Burnbridge parked his car at Jordan's curb while visiting Mrs. Florence Pash, just across the street at 735 Drake St. Mrs. Pash told police sh*> and Burnbridge work for the same family and that he brought her home and then stayed to play a few games of cards with her and her husband. Because the Burnbridge conveyance at his door was not sweet to his gaze, Jordon interrupted the deal with a knife and fled, police said.

TRIO SOUGHT AS THEFTSUSPECTS Youths Will Be Charged With Stealing Autos. Search for three young men. who will be charged with stealing two autos, was begun by police today. The jouths are alleged to have fled after an autc they were in struck a street car at Geisendorff ana Washington Sts., early today. Leonard Bertram. 123 W. Tenth St., conductor, described them. In the auto, which was stolen from Robert H. Jones, Ravenswood beach, Wednesday night, police found a certificate of title issued to Stanley B. Moore, 310 N. Illinois St. Moore's auto was stolen Tuesday night and deserted, minus the title, at Fletcher Ave. and Noble St., early Wednesday. yelloWley seeks job Chicago Dry Chief Among Six Desiring National Office. Bu United Press WASHINGTON, March 17.—Six candidates are in the field for the new prohibition commlssionershlp. Secretary of Treasury Mellon said today. The candidates include E. C. Ycllowley, prohibition administrator for Chicago; J. D. Hennington, administrator at Pittsburgh, and Roy Haynes, prohibition commissioner. Mellon declined to name tho other three. Mellon has an appointment with Wayne B. Wheeler, counsel for the Anti-Salpon League, to discuss sellectlon of the commissioner, but he Indicated that Pennington appeared to have the best chance. .

THREE HURT BY AUTOS I Two Children Run Down: Man Walks Into Passing Car. i Three persons were injured in auto accidents Wednesday night and early today; Charles Taylor, 6, of 120 S. Deaarborn St., struck by a truck driven by Earl Deniaree, 1032 W. Eighteenth St.: minor injuries. Vivian Chownir.g, 5, Negro, -of 1127 Fayette St., struck by nn auto driven by Sam Beadle, 531 E. Ohio St., received a fractured collar bone and body bruises; and Charles Smith, Negro, 21, of 941 N. Senate Ave., who had a finger on his right hand nearly torn off, when he walked into the side of an au|o driven by S. W. Barnes, 2724 Ruckle St. BOY, 3, HURT BY AUTO Son of Attorney Paul P. Scharffin 1 Struck Near Home. * Paul Scharffin, Jr., 3, son of Attorney Paul P. Scharffin, 4603 Park Ave., received slight cuts and bruises when struck by an auto in front of his home, driven by Robert Bennett, 2636 Rader St. According to witnesses, the child was playing in his yard when attracted by something across the street and ran in tl>e path of the machine. * FURNITURE CASE TO JURY Bu United Press CHICAGO, March 17.—A jury today started deciding whether seventy-nine manufacturing compajilns and fifty-seven individuals were involved in a conspiracy to regulate prices of household furniture.

PAGE 15

ARKS GUIDANCE ON NEWTAX LAW Gilliom’s Opinion Sought by State Board Head. Doubtful of its course of procedure under the Lindley-Shakc-Johnson “farm relief" tag bill enacted by tho last General Assembly, the Stato tax board today asked the opinion of Attorney General Arthur L. Gib horn. John J. Brown, tnx commission chairman, addressed the request to the attorney general after consultation with his deputies failed to clear up uncertainty surrounding provisions of the new law. Members of the board openly question the legality and feasibility of thejict which sets up as standards for determining the “truo cash value’ of renl estate, consideration of "normal net Income,” “voluntary sales of property In tho same “locality" and “speculative value." It provides further thafi unit appraisals may be made, upon appeal, by the State tax board and calls for a general reappraisal of all real estate in 1928.

‘KANGAROO’ COURT FEES QUESTIONED Motor Club Directors Meet to Consider Action. Directors of the Booster Motor Club met in special session at the Spink-Arms this afternoon, to decide whether suits shgll be Instituted to recover fees and fines assessed against Indiana motorists by smalltown mayors and justices of the peace in “kangaroo courts." “It looks like wo have grounds for action." said Todd Stoops, club manager, "but this remains sos the directors to determine. Attorney Walter Pritchard will report his opinion as to tho advisability of acting under the United States Supreme Court decision, which held tltot fair trial cannot bo had before judicial officers whose fees depends entirely upon convictions as in traffic cases." Chief Justice William Howard Taft wrote the decision in connection with an Ohio liquor case, but motor club officials, in agreement with tho American Automobile Association, bojieve it applicable to "speed trap" cases. COOLIDGE’S WRIST HURT President Sees Dim-tor—Doew N'ot Recall Receiiing Sprain. Bu United I‘rrss WASHINGTON, March 17.—President Coolidge sought the advice of a physician today regarding a slight sprain in his right wrist. Kis physician advised him to bandage the wrist and Coolidgo worked throughout the day with a cloth bound tightly about It. Tho President does not know how he sprained the wrist. HONOR VETERANS Tlie L. A. Thomas Division No. 546, Brotherhood of Locomotive Engineers, gave a reception Wednesday evening In I. O. O. F. Hall, Pleasant and Shelby Sts., honoring George A. Roberts, P. H. Rogers and J. S. MeKibbln, recently pensioned by the Big Four railway. Dancing followed the dinner.

TIRES BATTERIES ; —on— CREDIT $2 Oown-S t Week 6-11, 510.95-6-13, 513.50 Public Service Tire Cos. 118 EAST NEW YORK c. i. &~wT~ ONE FARE ROUND TRIP To All Stations EVERY SATURDAY AND SUNDAY Returning to and including following Monday. City Ticket Office, 114 Monument Place, MA in 6404. Union Station, MA In 4567. SSwor&TcS dfm&wiy Minimum, 50e