Indianapolis Times, Volume 41, Number 264, Indianapolis, Marion County, 15 March 1930 — Page 13

IMAKVJti 1 0, I^3o.

PROFIT-TAKING SENDS STOCK MARKET DOWN Entire List Sinks as Bear Drive Continues at Close.

Average Stock Prices

Average cf thirty induct rials for Thursday vas 273.47, up 1.34. Average of twenty rai.' v..: 15181. off 32 Average of twenty utilities was 98.39. up 1.13. Avtragc of forty bonds was 94 J 4. up .35. Bu t nitid Press NEW YORK, March 14—A wave of profit-taking and professional ■ elkng swept over the stock market today, bringing down the en'ire list to net losses ranging to more than 4 points. Trading was active and tickers ran a few minutes behind near the close. Before the late break, prices were stronger than at any time during the session. A decline to 3 per cent, the lowest in four years, in call money was stimulating for a time. But the urge to sell to raise money for payment of income taxes Saturday started a decline. When traders saw the issues in which they had a profit turn lower they quickly took profits and then professionals increased their operations in vulnerable spots. International Telephone and Telegraph was singled out by the bears and they succeeded in breaking the issue to 64 , where it was ofT 4'i points. Standard Brands also was forced down, the issue touching a new low for the year at 2 •*, off 1%. United States Steel had a fair runup for a time after it was learned the company was to receive a tax refund of $33,000,000. Toward the close, however, steel sold off with the remainder of the list. Declines of 1 to 4 poihts were recorded in Simmons Company, General Electric. American Can, General Foods and Westinghouse Electric. Oils went down after another demonstration of strength that carried the group to new highs for the year. Near the close the greater number of issues had been depressed below their previous closing levels, but they were meeting support at the lows of the day. Copper stocks shot downward on news of light buying. Consumers were holding off orders on the expectation of a reduction in the present 18-cent per pound level in the metal. Anaconda broke more than points and other Issues of the group followed it to lower ground. In the ’ast few moments of trading, a rally occurred and the greater number of issues closed above thesr lows for the day. According to preliminary calculation the Dow, Jones & Cos., industrial average declined 1.92 to 71.55 and the railroad average increased .28 to 152.12. Sales for the day totaled 3.950,930 shares, compared with 3,853,580 shares Thursday.

Produce Markets

Eggs (country rum—Loss off, delivered In Indianapolis' 21c. henery quality. No. I 23c: No. 2. 21c. Poultry (buying prices)—Hens, weighing 4 _• lb-, or over. 2oc; under 4Va lbs.. 23c; Leghorn hens. 22c; springers. 4 lbs or over. 21c; under 4% lbs.. 21c: broilers. 3930. 28c: old cocks. 12u 15c; capons. 8% lb. or over, 30c; capons, 71* lbs. or over, 27c, capons and slips 5 lbs. and over. 25c: capons. 8 lbs. and under. 23c: ducks, full feathered, fat, whites, 14c; geese, 10c These prices are for No. 1 top q t.iiity. quoted by Kingau & Cos Butter wholesale} —No. 1. 40(a.41c; No. 2 37 x 38c. Butterfat—37o. Cheese t wholesale selling price per poundi—American loaf. 31r, pimento loaf, 33c; Wisconsin firsts. 27c; Longhorns. 34c; New York llmbcrger. 36c. Hu I'nitcd Prr*g NEW YORK. March 14 -Flour—Quiet Steady; soring patents. $6 . 6.35. Pork— Firm. Mess $30.50. I.ard Weak. Middle West - ©pot. $10.40 a 10.50. Tallov. Easier; extra. 6%>v;6sc. Potatoes -Quiet and irregular’ Long Island. Sl y 5.75; Southern. *3Vi 11. Maine. sl,7sfa ■> 85. Sweet Potatoes Steadv; \ southern baskets. 650(31.65; Jrrsev ba \el. aOe'y $2 65 Dressed Poultry Steady jo firm turkeys, 27 ■■ 42c; chickens 18 37c; capons, 26 0 42c: fowls 17(u 31c ducks. Long Island. 20 V 21c. Live Poultry Stetodv: geese, 134/ 18c: ducks. 14 (y 26c sow l . 3tc: turkeys, 28 u 42c; roosters IP a 20c: chickens. 2$ 27c; capons, 26 fa' 40c : broiler.-. 15 y 42c Cheese—Quiet; state whole milk, fanev to special, 24fa. 26c. Young America. 22'r25c. Vu I nit ert I’rcit* CHICAGO. Mrrch 14.—Eggs—Market, steadv receipts 2 > 730 cases, extra firsts 25 :25 • act firsts. S3 1 y2ic. ordinaries. 22% m 23c: second 21%>- Butter—Market lirm. Receipts 11 *-04 tubs; extras. 38%c; extra firsts. 37,. 37%c: firsts. 31i36c: aecouci*. 30' 22c: standards. 38%c Poultry —Market rt'afiv at decline; receipts, 2 errs; fowls. 26- springers. 20c; Leghorns. 2rc; ducks 20fa 27c ge<-;-c. 14c; turkeys 35c; rooter... 20c; broilers. 38fa 4'oc. Cheese Twins. 18' .-'u 19%c: Young Amerk .is. 20c. Potatoes -On track 288: arrivals 110. shipments 909: market, dull: WisC( n sac'ted Round White $2 10'1 2 45: Minnesota and N’ to Dakota sacked Red River Ohios. $2 40 :2 55; Idaho sacked Russets. $3-Isto 3 35. Bl ;F ' CI EVPf AND March 14 —Butter—Extras. 42 . c r -t-a firsts. 42 ,r. Eggs—Extras. 26c first' 25 %r Pori rv—Fowls. 28c; medium. 30c; Teg’ am 28c; heavy springer 28e ducks. 25 ;28e; old cocks. 18c: gec.-e 15 20’. stags. 21c. Potatoes—Ohio and New York $3 ~5 185 per 150-lb. sack; v r.r-'-n Mt * 4 445 rv>r ISO-’.h. sack; Idaho Russet, $145 4.15 per 100-lb. sack. F” r .■ n ,< CINCINNATI. 0.. March 11.—Butter. steady creamery in tub lots acc : ting to score. 37 :38c. common score, recount'd 2' 7c. pa -kins stock No. 1. 24c; N 2. 20c No 3.15 ct butterfat. 35 -37 c. Fggs—Steady cases included: fresh gath- > rd. 25c firsts. 24c; seconds, 22c; nearb- ungraded. 24c: duck eggs. 33c; goose. $1 25. Live poultry—Thin and coarse .*• ?e”.i only at heavy discount: fowls, 5 i!v ai-.d over. 26%c 4 lbs. and over, 29c 3 lbs. and over 29c; Leghorns. 3 lbs. ar.d over. 28c. roosters. 18c stags, 25c; c'.->ors S lbs. and over. 35c: under 8 lh . 31c: silos. 21c: fryers, colored, 2 lbs. trid over, 39c; broilers, 1% lbs. and over. 4 ■ l’ It' er.d over, 40c; Leghorn and Or; con " -oilers. 1' , lbs. and over. 35c: 1’ lbs a: and o'or. 40c; broilers, partly feathered ? n ; 35c; black springers, 25c. New York Liberty Bonds —March 14— 8 %s 700.6 1-t 4% 101.14 4th 4%s 101.29 Treat :rv 4%s 112 30 4s 112 SO 3 .1 o: 47 101.8 3-s of 43 101.4

Investment Trusts

Bid. Ask. Am Founders nev 28 29 Ba?.c Industrv Shares 8 * S * Corporate Trust Shares 9’* si-** First Investment Corporation 11'* r.rtd Trust Shares A 21 5 * ... Fix Trust Share* B .... 18 Investment Trust of N V • Uloaders oi Industry Il 1 ’ .2 1 * No Am Trust Shares 9 1 .- 10 Pov-r At Light Sec Trust 57 60 Er vbarn &Cos 13 Jh s .dtrd Oil Trust Share* .. *0 12 F.v Birr us Inv Unit* 52 >B, ustee Standard Oil Shares.. 10** 11*8 3 Flee Lt A: Pow Shares A. 40 42 S Ulee tt L Par Shares B 11 ll’v (versified Trust Shares A... ... -erfifted Trust Shares 8... 21‘ . . iversified Trust Shares C.... B** 9*4

New York Stocks —— jj v Thomsen & McKinnon! "

—March it— Prev. Railroads— High Low. Close, close. i Atchisor. 234% 233% 234% 231% I A'.l Coa.'t L:..e .172*4 170 172*4 170% Balt te Ohio 118 H 7 *. 117' 117% Canadian Pac ..204*4 203 ssa5 s a Cites* As 0b10.4.229 237'.: 228 228 Cites* Corp 73 72- 7JS Ch. Si N West.. 84% 84 is 84'.* 84 Chi Ort West.. 13 13 13 12 T /a 1 C R I & P 118% 118 118 Det Si Hudson.. .172 172 172 ... Del ec Lacka... .142 141 4 141% ••• Erie EB% M} 57% ••• on Nor 97’, 97*4 9 i '*B 97 Vi Gu.f Mub A: Oil 41% 41*. 41*4 41 111 Central 128% 128*. 123** 123' 2 Lehigh Valley • • • 13 Kan City South 79% 79% ; . ... Lou Si Nas.i 132 132 132 132 Mo Pac #4*2 93% 93'* 94. MKSi T 55% 03- 53'. 54- a Mo Pac pfd ....140 140 140 141 Ve N Y Central ...183*. 182 : 2 182-. 132 NY NH Si H... 122*4 122 122% 122% Nr Pacific .... 63 92% S3 92% Norfolk <fc West.2s2 252 252 200 OAt W 13*. 13 1 2 13'a 13*/. Pennsylvania.... 81*4 81*4 ... 81 Reading 124 124 124 ... Seab'd Air L ... ••• Al,. Southern Ry ...127 .2a*e 125% Hl,* Southern Pac .. 121 *i 121 121* 4 121 2 St Paul 22*4 22*4 22*4 22*2 St Paul pfd .... 40 : s 39*2 39% 39% St L Si S W .. 64 C 2 64 St LA: 8 P HI 110*,4 110*4 Hl*. Ur..on Pacific .224*4 223*4 224_ -23 Wf Maryland 26 25% 25". 26% Wabash 53% 52% 52*4 ... Wen Pac 26 24*. 25% ... Rubbers— Ajax 2 I*4 2 1% Fisk 3 Si 3% 3*. 3% Goodrich 48% 47*8 48*4 47*,8 Goodyear ...... 80*2 86% 89’,2 BCfn Kel.v-Spgffd .... 4*. 4V2 4’. 4’,2 Lee 7*2 7’ 2 7*2 .... United States .. 2,*4 27*s 27% 26% Equipment*— Am Car At Fdv.. 80 79 79% ... Am Locomotive. 65*4 95 65 96 Am Steel Fd ... 47*4 47 47 47% Am Air Brake S 52 52 52 52 Man Elec Sup.. 35',4 35 35 35% Gen Elec (new*.. 77% 73% 75% 77 Gen Rv Signal. 93*, * 93 93 93 Gen Am Tank.lo4% 103 ’,4 103*4 104% N Y Air Brake. 44% 44'' 2 44% ... Pressed Stl Car. 14 13*4 14 13*4 Pullman 82% 81% 81% 82*4 Westingh Air B 49% 49 49 .49 Westingh Elec ~188% 185% 185 !/ 2 186% Steels*— Am Rol Mills ... 93% 92*4 92*4 92 Bethlehem 101*2 100 100% 100Colorado Fuel .. 59*4 57 58 56 ,2 Crucible 84Vs 84 34 85 e. Gulf States Stl .. . .. .... 71% Otis . ... 33% 33% 33% 33 Rep Iron At Stl. 74% 74% 74% 75 Ludlum 44% 43 43% 42 Newton 53 1 2 51V* 51% 54 U S Steel 182'.- 179 179% 180% Alloy 32*2 32% 32% 32% Wkrren Fdy ... 29% 29% 29% 29*4 Youngstwn 5t1..138*4 13; 138*4 137 Vanadium Corp. 95% 90% 63% 92 a Motors— Am Bosch Mag. 52% 51 52 52 Briggs ......... 16*'2 15*4 15% 15,b Brockway Mot.. 14% 14% 14% 14% Chrysler Corp... 38% 37% 37% 38 Eaton Axle 33*4 32% 33 33% Graham Paige.. 10 9% 10 10 Borg Warner ... 46% 45*4 46 47 Gabriel Snubbrs 9% 9*e 9*4 9% Qenrral Motors. 45% 44*4 45 44% Elec Stor Bat .. 74 73% 74_ 74 Hudson 55*2 54% 6438 55 Hayes Bod Corp. 7% 7% 7% 7% Hupp 21% 21 21 21% Auburn 248% 242 243 242*4 Mack Trucks ... 82*4 81 81 83% Marinon ....... 28% 27% 27% 27% Reo 14 13*. 13% 13% Gardner 5% 5% 5% B*2 Motor Wheel ... 29% 29% 29% ... Nash 48% 47% 47% 48 Packard 21% 21 21% 21% Peerless 10 9% 10 9* a Studebaker Cor. 42% 42% 42% 42*2 Stew Warner .. 40% 39 39 38% Timken Bear ... 83% 80*4 82 80% Willvs-Overland. 9% 9*'s 9% 9% Yellow Coach... 22% 21 21*,4 22 White Motor ... 34% 34% 34% ... Mining: Am Smelt At Rfg 72U 70% 70% 71% Am Metals .... 44*4 44% 44% 45% Am Zinc 12% 12% 12% 12'% Anaconda Cop.. 72% 69% 70% 72 Calumet At Ariz 78*4 77% 77% 77% Calumet At Hecla 28*4 26* 4 26% 27% Cerro de Pas . 60% 58*2 58*2 60 Dome Mines 8% 8% 8% B'4 Andes 32 3J% 31 % 30% Granbv Corp ... 55 54 54 56 Gt Nor Ore ... 22% 22 22 22% Inspiration Cop 28% 27% 27% 28% Howe Sound ... 36*2 35% 35% 37 Int Nickel 39% 38% 38% 39% Kennecott Cop. 56'% 55>/e 55% 57% Magma Cop .... 48’% 48% 48% 48 Miami Copper .. 29% 28*2 28% 29% Nev Cons 28*4 26% 27% 29 Texas Gul Sul.. 61% 60% 60% 61% St Joe . 49% 49% 49% 49*2 U S Smelt 30% 30% 30% 30% Oils— Atlantic Rfg ... 48% 4714 47% 47% Barnsdall A ... 28% 27% 27*4 27V 8 Freeport-Texas. 46% 45% 45% 45% Houcton 0i1.... 86% 82 % 82% 86 Indp Oil & Gas. 26*4 25% 25% 25% Conti Oil 26 24% 24% 23% Mid Cont petrol. 301s 29 29 29 Lago Oil At Tr.. 25% 25 25 25% Pan-Am Pet 8.. 55% 55 55 56 Phillips Petrol.. 37% 36% 36% 37% Prairie Oil 49% 47 47% 46% Union of Cal .... 46% 45% 45% 45%

Chicago Stocks ■ (By James T. HamiU & Cos.) ■>"— TOTAL SALES 283,200 SHARES High. Low. Close. Allied Products 42$'a 40V* 42 Art Metal W’orks 23% 22% 22% Asroc Telephone Util .. 28% 27 1 * 28% Auburn Automobile ....247 243 247 Bendix Aviation 44% 44 44 Borg-Warner 46% 45 Vi 45 Mi Brown Fence & Wire A 26 25 25Vi Brown Fence & Wire B 22% 22 22% Burnham Trading .... 45 43% 445-2 Castle A M 53 521a 53 Cent 111 Securities 29% 29 29% Cent Pub Serv Class A 40'a 40 4018 Cent & So West 29% 28% 28% Chicago Corp 13Va 135% 13% Chicago Corp ptd 40% 40 40$i Commonwealth Edison 282 280 282 Construct Materials 21 20% 21 Continental Chic etfs... 66 65% 66 Cord Corp 14% 14 14 Vi Corp Securities 69 68‘a 69 Electric Household 48 47Vi 48 General Theater Equip 43 42% 43 Great Lakes Aircraft ... 6% ... ... Grigsby-Grunow 17 16% 16% Hart-Carter 26 25 25)* Houdaille-Hersliey A.. 28% ... ■... HoudaiUe-Hershev 8... 25% 24% 2-:% Insilll Util Invest 69 68% 68% Is Ut In p2dsrbd 6% .110% 108% 103% Iron Fireman 24% ... ... Kellogg Switch com ... 5 Kevstone Steel 18% 18 18 Lane Drug V T C 4 3% 4 Libbv-McNell 19% 19% 19% Lioh Oil Refining C 0.... 25 22% 23% Manhattan-Dearborn .. 39 38% 39 Middle West Util (New 35% 35 35% Midland United 27 26% 26% National Repub Inv .... 48 National Securities In.. 20% 19% 20 Natl Sec In., ctfs 96 94% 96 National Standard .... 35% 34% 35 Nobntt-Sparks Indus In 58% 56% 57 North Am Lt Power. 71 70% 70% No &: So Am Corp 22 20% 21% Pacific Pub Serv A .... 35% 34% 34% Parker Pen 43 42% 43 Pines Wlr.terfiont .... 41% 41 41 Reliance Mfe Cos 16% 16% 16% Rverson & Son 33% Seaboard Util Shares.. 7% ... Stand Dredging Cos ... 29 28% 28% Stcinite Radio 2% 1% 1% Super Maid 49 48% 49 Swift & Cos 31% 31 31% Swift International ... 32 ... ... U S Radio A- Te! 9% 8% 9% Util Pow & Lt NV ... 23% 23 23 Utility A' 7nd 19% 19 19 Winton Engine 64% 63% 63% Yates Machine 15% Zenith Radio 9% 9 9sa New York Curb Market ißy Thomson <& McKinnon) —March 14— Arkansas Gas 13% Assd Gas A 42% Am Super Power 29% Blue Ridge Corpn 13% Cities Svc 38% C & O (newt 58 Cons Gas Balto 112 Canadian Pac mew) 51% Cord Corpn 14 % Crocker and Wheeler 33 s Deforest Radio 3% Durant Motors . 4% Eisler Elec 18% Elec Bond <sc Share 99 Fox Her 22% Ford Canada 31% Ford England 16% Ford France 8% Pox Theater 7 s * Get. Elec England 11 Goldman Sachs 42 Gulf Oil Penna 14=* Humble Oil 98% Hudson Bay 12 s * Imp Oi! Canada 25 Insull Utilities 68% Int Pete 30% Int Super Power 33% Marshall Field & Cos 47% M:d West U New 35 M H Pipe 25% Niagara & Hudson 18"; Nile* B & P 38% Nat Pub S.C A 25% Nat Inv 30Nevmont Mining ...13S-. Ohio Oil 19% Pac Western Ol! 16% Peuroad Corpn 14% Pete Corpn . 32% Prudential Inv 17% Rainbow L Pro 4% Rt Reels New . 22% 3a’.’ Creek 12% Selected ltd 9% Stand Oil Indiana 54 Stand Oil Kansas 28-2 Stand O:. N Y 56% Stand Oii Ohio S3 State Motors -% Trans Coni Air Trans 8% Ulen fc Cos 23 1 United Ga* Jl-’ United Light As Power A 38-a United Verde 13%

Prairie Pipe .... 56 55 55 58 Pure Oil 25% 24*4 24% 25% Royal Dutch ... 51% 50% 50% 51*. Richfield 28% 27% 27*a 27% Shell 23%. 23*8 23% 23% Simms Petrol.... 31 29 31 29 Sinclair Oil 28% 27% 27% 27% Sitclly Oil 34 33 33 23 Std Oil Cal 64% 62% 62% 63% Sid Oil N J.... 67*4 65% 65% 61% Std Oil N Y.... 34's 33*4 33*4 34% Tidewater 14% 13 13 14% Texas Corp 56% 54% 54% 55% Texas C At 0.... 12% 13% 12 12 Transcontl 9% 8% 8% g% White Eagle .... 29 . 29% 29*4 29 Industrials— Adv Rumely 13 17% 17% 18 Allis Chalmers.. 65 63% 63% 65 Allied Chemical. .268 268 268 A M Byers 94% 91% 92% 89*4 Armour A 5% 5*2 5% 5% Amer Can 143% 140% 140% 142*4 Alleghaney Corp 31% 30% 30*8 30% Am Safety Raz. 63 63 63 63*2 Am Woolen 13% 13% 13% 13% Assd Dry Goods 43% 42% 43% 42% Bon Alum 55% 55 55 56% Coca Cola 158*. 158 158 159 Conti Can 61% 66% 66% 66*4 Certainteed .... 12% 12% 12*,a 12% Crosley 17% IS 16 17 Congoleum 18% 17% 17% 18% Curtiss W 11% 11% 11% 11% Davidson Chem 44% 39% 41 39% Dupont 131% 128% 128% 129*4 Famous Players 70% 69*8 68% 69*4 Gen Asphalt.... 62",a 61 61*4 61 For. I AI 35* 34 *2 34% 35 Gold Dust 41% 42% 43 43*4 Glidden 33% 33 *4 33 *4 33% Int Harvester.. 92% 90*4 90% 92 Kclvlnator .... 17% 16% 16*4 17 Lambert 107% 106*4 106% 106*2 Loews 78 74% 75 ~5'4 May Stores 55 54% 54'/a 55 * Kolster 5 3* 5 3% Montgom Ward.. 44 43% 43% 44% Natl C R 79*i 77% 77% 78% Radio Keith .... 36% 35 35 36% Radio Corp .... 52% 50% 50% 51% Real Silk 60% 59*2 60 60 Rem Rand .... 40% 39% 39% 40% Seers Roebuck.. 90 88 88 90 Union Carbide.. 96 94 94% 95 Warner Bros ... 71% 68% 69% 69% Un Air Craft... 66% 63*2 65% 63% Univ Pipe 4% 4% 4% ... OSCs Ir Pipe. 32% 32 32 31% U S Indus A1c0.108% 107 307% 112 Worthington Pu 114% 110 111% 112 Woolworth Cos.. 65% 64% 64% 64% Utilities— Am Tel At Te1...239 227% 237% 240 Am Pr At Lt.... 108% 105% 106% 105% Eng Pub Serv... 57% 55% 56% 55% Am For Power.. 89% 84% 87 85% Am Wat Wks...lo6Vg 103% 104% 103% Gen Pub Serv.. 43*4 42'/b 42% 42% Col GAt E 92% .90% 9! 91 Commonw At So. 16% 16% 16'% 16% Consol Gas ....121% 329 1 a 119% 120% Elec Pow At Lt.. 80% 76% 78% 76% Int TAt T 67% 63% 63% 68% Nor Am Cos 117% 116% 117 117% Pac Light 92 90 90% 93% Pub Serv N J... 96% 95% 95% 95% So Cal Edison.. 61% 60% 61% 61% Std Gas At E1...117 114% 115% 115% United Corp ... 39 38% 38% 38% Utilities Power. 38 36% 36% 37 United GAt Imp 37% 37 37 37% West Union Tel 212 210 210 210% Shipping— Am Inti Corp... 48 47% 47% 47% Am Ship At Com 1% 1% 1% ... Atl Gulf At W I 65% 65*4 64% 65% Inti Mer M pfd. 29% 27 27*9 26*5 United Fruit ... 92% 91% 92 91% Foods— Am Sug Rfg .... 63% 63% 63% 64 Cudahy 45% 45% 45'% 45% Beechnut Pkg ..64% 64 64 . California Pkg.. 73Vz 73% 73% 73% Canada Dry 73% 73 73 * 73% Corn Products.. 94% 93% 94'% 93’, 8 Cont Bak A .... 4i 42'% 42% 42% Borden . 73% 71% 71% 73% Grand Union ... 20% 19% 20 Grand Union pfd 43% 42 43% 4i% Jewel Tea 54 53% 53% 55' Kralt Cheese .. 47% 47% 47% 47% Kroger 39% 39% 39% 39% Loose Wiles .... 64% 63% 63% 63% Natl Biscuit ....216 215% 215% 217% Natl Dairy 50% 49% 49% 50% Purity Bak 79% 74% 74% 79*4 Loft 5 4% 4% 4% Gen Foods 51% 49 49 52 Stand Brands .. 24% 22*4 22% 24% Tobaccos— Am Sumatra ... 20% 19% 20% 20% Am Tob B 239% 235% 239% 235*4 Con Cigars 55*4 54% 55% 54=4 General Cigar .. 60% 60% 60% 60% Lig & Meyers... 110% 108% 108% 108% Lorillard 26% 25% 25% 25 4 R J Reynolds ... 57% 56% 56% 57

In the Stock Market

'By Thomson & McKinnon) NEW YORK. March 14.—The somewhat disappointing February foreign trade report, further weakness in wheat prices and selling for special reasons in the copper and food groups, served as a check to enthusiasm late in the session today. These considerations tended to nullify, to some extent, the better feeling engendered by the lowest money rate in years, reflecting the lowering of the New York bank rate and the comfortable world-wide conditions that are well known and the more hopeful feeling that general trade revival can be anticipated later in the year, that it is perhaps well to point out the possibility of o .’er emphasizing the mixed business picture existing today. For some time past the stock market has shown a tendency to ignore the known unfavorable factors, and if the surmise is correct that the current advance in values represents a discounting of what is to come, we can see no justification for taking too seriously those reactions which develop T-om time to time. The moderate reactions which we frequently encounter tend to strengthen and maintain the technical position of the market, which as yet shows nothing to indicate an impaired condition, notwithstanding the recent increases in brokers’ loans. Selectivity should always be followed in making investments, and at the moment, it is a policy that should be strictly adhered to, when readjustments for special reasons in individual issues come simultaneously with a market that is progressing.

Indianapolis Stocks

—March 14Bid. Ask. Atr.er Central Life Ins C0..1,000 Belt R 9 * S Yds Cos com.. 61 64 Belt R R & S Yds Cos pref... 55 80 Vi Bobbs-Merrill Cos 29Vi 33’4 •Central Indiana Pow Cos pref 90 95 Circle Theater Cos common.. .105 Vi ... Citizens Gas Cos common .... 27 •Citizens Gas Cos pfd 96*4 S9'x •Commonwealth L Cos pf 7%.. 97 Commonwealth L Cos pf BCV.. 98Vi ... Hook Drug Cos. common new.. 23’* ... Ind Hotel Cos Clavpool C0m...125 Indiana Hotel Cos pref 100 •Indiana Service Corp pref .... 80 Indianapolis Gas Cos common. 56 61 •Indpls Power A: Lt Cos pfd..lo2’u 103 Vi Indpls Pub Well Loan As com. 52 Indpls St Rv Cos pfd 29Vi 30Vi Indianapolis Water Cos pfd.... 97 Interstate U S Cos pr 6r5 l pf 57*4 91 Interstate P S Cos pr 7<T> L pf.lo2’i 103 •Metro Loan Cos 98Vi ... Northern Ind Pub 6% co pfd. 98 100 Northern Ind Pub 7To Cos pfd.los Progress Laundry Cos. common 46Vi 49 E Raub As Sons Fcr. Cos pfd.. 60 Real Silk Hosiery M. Inc. pfd 90 Shareholders Investors Cos ... 24 Standard Oil Cos of Ind 82>i ... •Terre Haute Trac & L Cos pfd 70 Union Title Cos common .... 42 50 Van Camp Prod Cos Ist pfd.. 98 Van Camp Prod Cos 2nd pfd. 98 •Ex-Dividend. —BONUS— Belt R R & Stock Cos 4s 90 Central Indiana Gas Cos 55... 98 Central Ind Power Cos 6s .... 98’i ... Citizens Gas Cos 5s -.101 '? . Citizens Street Railroad 5*.. 47<4 Oarv St Rv Ist 5s 71 Home T & T of Ft Wayne 6s. 101 *3 ... Ind Northern Trac Cos 5s ... 3 5 Ind Rv <Sr Light Cos 5s 95 Indiana Service Corpn 55.... 85 Indpls Power and Light Cos 5s 97 100 Indiana Union Trac Cos 5s ... 5 Indpls Col & Cos Trac 6s 95 100 Indianapolis Gas Cos 5s 98ij 100 Indpls <fc Mart Rapid T Cos 5t 21 Indpls No Trac Cos 5s 9’a 13iL Indpls North Western Cos 55.. 21 Indpls Street Rv 4s 43*4 46 Indpls Trac A: Ter Cos 55.... 93V* 94*4 Ir.dpls Union Rv 5s 10O ! j ... Indpls Water Cos s'is 101 Indpls Water Cos 5s 92 Indp's Water Cos lien A: ref.. 22 Indpls Water 4>is 91'j 93 Indpls Water W Sec Cos ss. 84 ... Interstate Pub Serv Cos s’_js...lol Interstate Public Service Cos 5s 97’; ... Interstate Pub Serv Cos 4 ! ;5.. SB ! _- ... No Ind Pub Serv Cos 5s 98 No Ir.d Telegraph Cos 6s 96‘i ... T H Ind & East Trac Cos 5s 60 T Tt Trac A: Light Cos 5s 90 Union Trac of Ind Cos 6s .... 17 22 —Sale*— Ir.dpls Power * Lt Cos pfd. 20 share* 102' t BAW SUGAR PRICES —March 14High. Low. Close. January 1 96 1 94 1.66 May 1.79 1.77 1.79 Julv . 1.80 1.7S 1.79 September 1 87 1.85 1.66 December 1.95 1.93 1.94

THE INDIANAPOLIS TIMES

PORKERS SHOW WEAKER TREND AT CITY YARDS Cattle Trade Irregularly Slow and Lower: Sheep Easy. Mar. Bulk. Top. Receipts. 7. $10,654/11.30 $11.35 4,000 8. 10.80iff11.45 11.50 2.000 10. 10.80f( 11.30 11.30 4.000 11 10.804; 11.30 11.30 4.000 11. 10.804/.11.30 11.30 4.000 12. 10.904; 11.50 11.50 4.000 13. 10.65011.25 11.35 6.000 14. 10.45® 11.05 11.05 5.000 Hog prices dipped 20 cents today at the union stockyards, prices for the bulk, 150 to 275 pounds, ranging from $10.45 to $11.05. Receipts were 5,000. holdovers 496. Cattle receipts were 400, slaughter classes slow. Vealers were lower at $14.50 down, receipts were 600. Sheep were steady, 90-pound lambs selling at sll. Receipts were 200. Chicago hog receipts were 21.000, including 5,000 direct. Holdovers were 9,000. Today’s market held very slow, fully 25 cents lower than Thursday’s average. Choice 280 to 210-pounders brought $10.85 to sll in bids, nothing doing on heavier weights. Cattle receipts were 1,500, sheep 14,000. —Hogs— Receipts. 5,000; market, lower. Heavies, 300 lbs. up $ 9.80010.20 250-300 lbs 10.200 10.45 Med. wts., 225-250 lbs 10.55® 10.75 220-225 lbs 10.804,10.95 Light wts., 160-200 lbs 10.95011.05 Light Its.. 230-160 lbs 10.300 10.80 Light wts., 160-200 lbs 9.30010.05 Packing sows 8.250. 9.25 -CattleReceipts, 400; market, steady. Beef steers. 1.100-1,500 lbs., good and choice $12.00014.75 Common and medium 9.501^12,00 Feed steers, 1,100 lbs. down. good and choice [email protected] Common and medium [email protected] Heifers. 850 lbs. down, good and choice [email protected] Common and medium 7.500 11.50 Cows, good and choice 8.25# 9.50 Common and medium 6.250; 8 25 Lower cutter and cutters 4.75® 6.25 Stocker and feeder steers, good and choice [email protected] Common and medium 6.50# 9.50 —Vealers— Receipts, 600; market, lower. Medium and choice $10.50@,14.50 CuU and common 6.50#10.50 —Sheep— Receipts, 200; market, steady. Lombs. good and choice $10.50011.25 Common and medium 8.750 10.50 Ewes, medium to choice 4.25® 5.50 CuU and common 2.00® 4.25 Other Livestock 7? 1/ Timm Svcrinl LOUISVILLE. March 14.—Hogs—Receipts. 500; market, 15c lower; 300 lbs. up, $9.25; 225-300 lbs., $10.10; 165-225 lbs., $10.90; 130-165 lbs.. $10; 130 lbs. down, S9O 10; roughs, $7.70; stags, $7.10. Cattle—Receipts. 200; market, steady: prim.’ heavy steers. [email protected]; heavy shipping steers. $100,11.50; medium and plain steers. $8.50 @10; fat heifers, sß@l2; good to choice cows. S7O 8.50: medium to good cows, S6O: 7; cutters, [email protected]; canners, [email protected]; bulls. SG@„B.SO; feeders, SBO 10.75; stockers, $7.50@’11. Calves—Receipts, 200; market, 50c lower; top. sl2; good to choice, $10,500: 12; medium to good, $8@10; outs, $7 down. Sheep—Receipts, 50: market, steady; ewes and wethers. SIOO 10.50; buck lambs. $9;:; 9.50: seconds. $607.50; sheen, $4.5005.50. Thursday's shipments: Cattle, 62; calves, 199; hogs, 143; sheep, none. Hi/ Vnitrd PrrtM CINCINNATI. March 14.—Hogs—Receipts, 4.850; including 2,850 direct; holdover, 370; few early sales to shippers and small packers steady; big packers, bidding 25 to 30c lower: sales, goo dand choice. ICO- - lbs.. $11.30; heavier practically unsaleable except at decline; desirable, 120160 lbs.. $10,750)11: sows, weak, $8.75 down. Cattle—Receipts. 250; calves. 350; steady, common and medium butchers, SIOO 10.50; good grades, sl2 or above; beef cows, $74;! 8.50; choice higher; low cutters, w'eak to lower. $4.750,5.50; cutters up to 56.50; bulls, strong; bulk. ■ [email protected]; vealers, steady; sorting close: top. $14.50; bulk less desirable. $9012. Sheep—Receipts. 200; steady; good and choice, light wooied lamps. [email protected]; comparable grades, short offerings, $10®10.50; common and medium, $809.50; good to choice, light ewes. $6 down. liv United Press PITTSBURGH. March 14.—Hogs Receipts. 2,500; market about 20c lower; 150210 lbs., $11.550 11.60; 220-250 lbs., $11.25 @11.50 heavier hogs, $10.50011; 100-130 lbs., [email protected]; sows, $909.50. Cattle — Receipts, 25; market nominal; calves, receipts. 100; market steady to weak; bulk vealers, $12015.50; few. sl6. Sheep—Receipts, 500; market, weak to 25c lower; wooied Jambs, $ll@)11.50; bulk clippers, $9 09.50; chpped throwouts, sß®9. Ilv United Press TOLEDO. March 14.—Hogs—Receipts, 400; market 25c lower; heavies, $104(10.50; mediums. $10.75@11: Yorkers. $10.50® 10.75; pigs, $10.25010.50. Cattle—Receipts, 100: market slow; calves, receipts light; market steady. Sheep—Receipts, light; market steady. j ßy United Press CLEVELAND. March 14.—Hogs—Receipts, 1.600; holdovers, 291; steady to 15c lower; 150-260-lb. mixtures, $11.25® 11.35; top. $11.50: 250-lb. averages, $11.15; heavy butchers at. $10.75, 25c lower; $11; rough sows, $9; stags, $7. Cattle—Receipts, 125; draggy not over steady; lew steers selling, scattering low cutter to common cows, $4.75 0 6.50. Calves—Receipts, 200; weak to 50c lower; betker erade vealers, $15016; medium around $12®15; culls downward to $lO and under. Sheep—Receipts. 200; active, fully steady on lew here; clipped lambs around $9.50010.50; sheep scarce. Bu United Pn sg EAST BUFFALO, N. Y.. March 14. Hogs—Receipts. 2.400; holdovers. 200; weights above 160 lbs., generally 25c lower: lighter averages, strong to 10c higher: shippers, inactive, bulk. 160-210 lbs.. $11.50; 220-260 lbs.. $11011.40, 150 lbs. down, $11,250.11.60: packing sows, $8.9009.35. Cattle—Receipts. 2,150; cows, unchanged; cutter grades, $3.7506.25. Calves—Receipts. 800; vealers, steady at Thursday’s full decline, $15.50 down. Sheep Receipts. 3,600; lambs trade, not fully established; bids and scatering sales. 500 75c lower: god to choice, wolcskins, quoted, $10.75011: medium and strong weights. 59.50010.50; clippers. SIOO 10.50, Bu United Press CHICAGO. March 14.—Hogs—Receipts. 21,000; including 5,000 direct; market, opened 25c lower; choice light hogs, mostly sold early; later trade on weighty butchers. 25060 c lower, slow at decline; extreme top. $11.10; butchers, medium to choice. 250-350 lbs.. $9.50010.30: 200-250 lbs., SIOO 11: 160-200 lbs., slo.lo® 11.10: 130-160 lbs., $9.750 11: packing sows, $3.50 @9.60; pigs, medium to choice. 90-130 lbs.. [email protected]. Cattle —Receipts 1.500; calves. 1,000; slow, steady; lower grades, predominating; best steers. sl3; slaughter classes steers, good and choice. 1300-1500 lbs. $12.750 14.75; 1100-1300 lbs.. $12,750 15.25; 950-1100 lbs.. $12.75 ii 15.25; common and medium. 850 lbs. up. $9013; fed yearlings, good and choice. 750-950 lbs.. sl3=;. 15.25: heifers, good and choice. 850 ios. down $11.250 14; common and medium s3® 11.25; cows, good and choice. $7.75® 10; common and medium. s6® 7.75; low cutter and cutters. $4.7506.25: bulls, good and choice, beef. $8.2509.50; cutter to medium. $6.750 8.25; vealers. bilk led. good and choice. 19.50@ 13.75: medium, $8.50 9.50; cull and common $708.50: stockers and feeders, good and choice, all weights, *10.75@12; common and medium. $8.25*. 10.75. Sheep—Receipts. 14.000; fairly active, steady; bulk fat lambs. S10.50@ll; few, 5597 lbs.. $10.25: shorn. 88 lbs.. 59.75; fat ewes and feeding lambs quotable steady; lambs, good ana choice. 92 lbs. down, $10.25011.25: medium. [email protected]; cull and common. S9O 9.75; medium to choice, 100 lbs. down. s9@ll; ewes, medium to choice. 150 lbs. down. SSO 6.25: cull and common $2.500.5.25; feeder lambs, good and choice, $9.25010.25.

Banks and Exchange

Indiananolls bank clearings Friday, March 14, were $3,263,000; debits. $6,589 000. CHICAGO STATEMENT By United Press CHICAGO. March 14.-Eank clearings $102,300 000; balances SB. 100.000 NEW YORK STATEMENT Ev Vnitnt Per ■,, NEW YORK. March 14 -Bank clearings. Bt. 308.000.000: clearing house balance, $182,000,000. Federal Reserve bank credit balance. 3185.0C0 000. TREASURY STATEMENT Blf United P: > WASHINGTON March U.- The treasure net balance tor March 21 vra- *665.231.01; customs receipts for the month to that date were $15,587,705.13; expenditures on that date were $15,192,718.69.

Business — and — Finance

Tl.c Fisk Rubber Company and subsidiaries report for 1929 consolidated operating loss ot 52.515.219. after depreciation of 52.250.000. but before interest and reserves. After deducting interest, of sl,520.903 and reserves of $3,460,335 for write-down of raw materials, commitments. and finished inventories to market 1 as of Dec. 31, 1929. total loss amounted to $7,496,458. DETROIT, March 11.—Record sales j and earnings were achieved in 1929 by the Mesta Machine Company. Net income was 51,797,211 after all charges including depreciation and federal taxes as against $1,051,473 in 1928, according to H. F. tVahr, president of the company. The 1929 net is equivalent to $2.81 a share on 600,000 shares of common stock outstanding after deducting preferred dividends paid and compares with $1.56 a share earned on the present capitalization in the preceding year. CHICAGO. March 14.—'The first annual report of the Eorg-Warner Corporation ' and its subsidiaries, covering the year ended Dec. 31. 1929, shows net income ! equivalent to $6.03 a share on the com- | mon stock, a current position of better i than 4 to one and cash and liquid securi- ! ties amounting to almost twice the total of current liabilities at the end of the year. Net income for the period amounted to 57.662.530, which, after providing for preferred stock dividends and the minority stockholders interest, equals $6.03 a shave on the 1,230,595 shares of common stock. F. & W. Grand-Silver Stores, Inc., which was organired for the purpose of merging fhc Grand and Silver chain store systems, announced that the time limit for deposit of the common slock of the operating companies has been extended from March 1 to April 1, 1930. Under the terms of the plan the stocks of the operating companies are exchangeable on a share for share basis for the stock of the operating company. As of March 1, there had been deposited 99,327 shares of the common stock of Isaac Silver and Brothers Company, Inc. out of a total of 100.000, and 274,135 shares of stock of F. & 5V Grand 5-10-25 Stores, Inc., out of a total of 281,959. National Family Stores lor February reports gross sales of $325,760 against $222,483 reported for February 1929. an increase of $103,277 or 46.4 per cent. CHICAGO. March 14.—Request for approval ol an amendment to the certificate of Incorporation of Container Corporation of America increasing the authorized capitalization of Class A common .stock from 600,000 to 2,000,000 shares is contained in proxies for the corporation’s annual meeting on March 27, mailed to stockholders. Directors of the Unit Corporation of America declared the regular quarterly dividend of 50 cents a share on the preference stock, payable April 1, to stockholders of record March 20. More than 18.000.000 passengers were carried in 1929 by the motor bus system operating as The Greyhound Lines, it was reported today by O. N. Caesar, president of The Greyhound Corporation, operator of the lines between New York and Chicago and important minority stockowner in five other companies in the Greyhound group. Operating revenue of the West Ohio Gas Company for the year ended Dec. 31, 1929, was $747,796.<10, compared with $742,053.35 in 1928, according to the annual report of the company received by stockholders today. Net profits for the Dictaphone Corporation were $728,345.69, an increase of 19 per cent over 1928 net profits. After payment of regular dividends of 8 per cent per annum on preferred stock, the balance of $627,055.69 represented earn-’ ings of $5.46 per share on the 114.861 shares of common stock outstanding. Earnings per share on 103,750 shares of common stock outstanding for the previous year were $4.87. With an average ”per man writing" of more than S2O. the twenty-seventh President O. T. Hogan anniversary celebration of the United Insurance Company, conducted from Feb. 22 to 28. set anew high mark in production, according to Julius M. Crost. Indianapolis manager. Comparative figures submitted bv Clrost, show an improvement in the local industrial insurance fields. A week’s total ot $236.80 for the 1929 high mark was beaten with the week’s record of $264.20. The 1930 average for a staff of thirteen men was $20.32 as compared with $19.73 per man last year. New business increase for 1929 v/as $138.50. Increase lor anniversary week's effort shows $175.65. Figures received from the home office of the company show total writings of $4,037.83 for anniversary week this year as compared with $2,857.85 a year ago. The increase for the week this year was $2,519.63 as compared with an Increase of $1,731.92 for the week a year ago.

In the Cotton Market

(Bv Thomson & McKinnon) NEW YORK, March 14.—Local traders accepted the February consumption figures at their face value this morning and proceeded to sell the market down nearly ten points. The general trade did not participate. They saw nothing in the figures that they did not know all about before they were published. A little buying of by spot brokers around 14.55 started short covering which was concurrent with big purchases of new December contracts by a large commission house. The talk around trade circles is no longer about big long lines that must be sold, but about short hedges in the market placed by European interests against Indian cotton. Naturally such cotton is not a legal tender on American contracts. Everything else, is of minor importance compared with the government’s interest however, in the summer months. If this position is maintained and it is the general opinion that it will, prices must go higher. NEW ORLEANS High. Low. Close. January 14.95 34.95 15.20 March’ 14.30 14.12 14.34 May 14.66 14.34 14.62 July 14.87 14.54 14.82 October 14.97 14.66 14.94 December 15.12 14.87 15.15 NEW YORK High. Low. Close. January 15.37 15.02 15.37 March 14.62 14.39 14.62 May 14.90 15.54 14.86 July 15.11 14.75 15.06 October 15.17 14.84 15.11 December 15.35 15.06 15.32 CHICAGO High. Low. Close. March 14.35 14.25 14.35 Mav 14.70 14.44 14.63 July 14.90 14.63 14.90 October 14.98 34.73 14.98 December 15.10 15.00 15,10

Net Changes

It’i United Press NEW YORK, March 14.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows: up Off Alleghany Corporation . 30 s * ... American Can 140V* ... 2** Anaconda 70V* ... 2V* Atlantic Refining 47*s ... V* Bethlehem 10O*s 14 ... Columbia Gas 90 3 * ... < Consolidated Gas 119 3 * ... General Electric 75 ? ... IV* General Motors 45 *4 ... Gillett 89 ... 2_a International Telephone 63 T * ... Montgomery Ward .... 43’j ... ** Packard 21V* ... V* Radio Corp 50U ... ‘ Radio Keith 35 ... U. Sinclair ere div - ‘I- * 3tai;dard’ Brands 2l_'s ... *; Standard Oil N J 653* ... Union Carbide 94 3 ... United States Steel ....179 3 * ... Westinghoune Electric . 185* • ... ■ NEW YORK COEFEE RANGE —March 14— High. Low. Cose. March 7.62 7.55 7.55 Mav 8.40 8.40 8 40 July . . 8.5 8.10 8.10 September 7.90 7.86 7.86 December 7.70 7.67 7.67

GRAIN FUTURES SELL DOWN AT CLOSE OF DAY Heavy Buying by Farm Board Offsets Bear Cable News. Bu l niter/ Pri SS CHICAGO, March 14.—Wheat closed unevenly higher to lower on the Board of Trade today, heavy buying by the farm board offsetting the bearish foreign news to a slight extent. Despite buying in May the spread was further nar- ' rowed, the deferred months showing more strength than the nearby deliveries. Corn had individual strength and was moderately higher while oats was uneven. At the close wheat was 1% to 1 cent higher, corn was 5 S to 1 cent higher and oats was •% to % cent higher. Provisions were irregular, lard steady and meats lower. Liverpool declined further during the day and closed 1% to 2% cents lower while Buenos Aires also fell and at midday was 1% to 2% cents lower. The farm board agencies began buying at 10614 for May and seemed content to hold prices there before noon. Cash prices were % to 1 cent lower. Receipts were 5 cars. Corn opened at new lows for all months on heavy selling due to the weakness in wheat and notwithstanding the light receipts here. There was a moderate rally that carried all months above the previous close at mid-morning when locals bought following the improved demand at St. Louis and in the east. Cach prices were unchanged to % cent higher. Receipts were 87 cars. Oats declined early with wheat and while it had a modest rally with corn it was still lower at midsession. The market was extremely dull. Cash prices were unchanged to cent higher. Receipts were 32 cars. Chicago Grain Table WHEAT— Prev. Open. High. Low. Close, close. Mar... 1.02% 1.03% 1.02% 1.03% 1.04 May.. 1.06% 1.07% 1.06% 1.06% 1.08 July.. 1.03% 1.05% 1.02% 1.04% 1.04*4 Sept.. 1.05% 1.06*i 1.04% 1.06% 1.05% CORN— Mar... .73% .756 .73*/ .75% .74%. May.. .77% .79% .77% .79% .78% July.. .79 .81% .79 .80% .80% Sept.. .79% .81's .79*2 .80% .80% OATS— Mar... .39% .39% .39*4 .39% .39% May.. .40% .41% .40*8 .40% .41% July.. .40% .41% .40*3 .41% .41 Sept.. .40% .41% .40% .41% .41% RYE— Mar... .59 .59 ,58 .58 .59% May.. .59% .59*4 .58 .58% .59% July.. .62 .62 .61 .61 = 8 .62% Sept.. ,64’n .65% .63% .64% .65% LARD— Mar., no sales 10.02 10.05 May. 10.12 10.20 10.05 10.17 10.17 •Tulv. 30.32 10.45 10.27 10.42 10.40 Sept. 10.60 10.65 10.55 10.65 10.65 BELLIES— Mav. 12.70 12.70 12.52 32.55 12.92 July. 12.85 12.85 12.80 12.80 13.15 Bu Times Special CHICAGO. March 14.—Carlots: Wheat, 6; corn, 137; oats, 19; rye, 7, and barley, 14. Bu United Pr< ss CHICAGO. March 14.—Cash grain close: Wheat —No. 2 hard. $1.02v.i; No. 3 hard. 99c; No 2 mixed. sl. Corn—No. 2 mixed, 75%c; No. 3 mixed. 72@73%c: No. 4 mixed, 71%73%c; No. 5 mixed, 68@70%c; No. 6 mixed. 650 66c: No. 3 yellow. 730 75'-c; No. 4 yellow, 71 0 73%c; No. 5 yellow. 680 71%c; No. 6 yellow. 650 66c; No. 3 white. 75c: No. 4 white. 736 c; No. 5 white, 70%c; sample (trade. 43%@55c. Oats No. 2 white, 40%0 42c; No. 3 white, 40@40%c: No. 4 white, 39c. Rye—None. Bariev—s6® 61c. Timothy—ss.4oo6.3s. Clover— $9.500 17. TOLEDO, March 14.—Grain close; Wheat—No. 2 red, $1.12*[email protected]%. Corn— No. 3 vellow, 78@80c. Oats —No. 2 white, 45%®46%c. Rve —No. 2,77 c. Barley— No. 2,62 c. Clover—Domestic, cash. old. $10.20; cash. new. $10.40; March, $10.40; March, choice $10.75: imported, cash, old, $9. Alsike —Cash $10.40; March, $10.40. Timothy—Cash, old. $3: cash, new, $3.25: March. $3.25. Butter—3Bo42c. Eggs—23® 25c. Hay—sl.2s cwt. CHICAGO. March 14.—Primary receipts; Wheat. 624.000. against 993,000; corn, 633,000, against 906.000: oats, 325,000, against 369,000. Shipments: Wheat. 381,OftO. against 940.000: corn, 506,000, against 463,000; oats. 442,000, against 340,000.

Cash Grain

The bids for car lots ol grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41%c New York rate, were; Wheat—Easy. No. 2 red $1.03 01.05; No. 2 hard. 98c0$l. Corn —Strong; No. 4 white. 66@68c; No- 5 white. 64066 c: No. 4 yellow. 640.66 c No. 5 vellow. 62064 c: No. 4 mixed. 620'64c; No. 5 mixed. 600 62c. Oats—Firm; No. 2 white. 38*/® 39c; No. 3 white, 37%® 38*zc. Hay—Steady; No. 1 timothy. $15.50 0/16; No. 2 timothy. $15®’15.50; No. 1 light clover mixed. $14.50® 15. —lrr.pections Wheat—No. 2 mixed, 1 car. Total, 1 car. Corn—No. 4 white. 2 cars; No. 6 white, 1 car: No. 3 yellow, 10 cars; No. 4 vellow 15 cars: No. 5 vellow, 12 cars: Semple vellow, 1 car; No. 6 mixed, 1 car; Sample mixed. 3 oars. Total, 45 cars. Oats —No. 2 white. 14 cars: No. 3 white, 2 cars: No. 4 white. 1 car; Sample white. 1 car; Total. 18 cars.

Local Wagon Wheat

City grain elevators are paying 99c for No. 2 red wheat and 92c for No. 2 hard wheat. Captains of old English naval vessels would notify their crews that they were discharged by taking away the tablecloth for three meals in succession.

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Mine Warriors

7=

Challenging the leadership of John L. Lewis 'above) president of the United Mine Workers, and his associates, an insurgent group led by the Illinois Miners’ Union, of which Harry L. Fishwick, (below) is president, is attempting to reorganize the international union. Fishwick, however, was dethroned as chairman of the insurgent convention at Springfield.

CONQUEST OF EARTH FROM MARS FORECAST Portland Scientist Asserts Germs Will Wipe Out Race. Bu United Press PORTLAND. Ind„ March 15. Conquest of the earth in the not distant future by inhabitants of the planet Mars, who have found that they must abandon it because of lack of air, is predicted in a theory advanced by a Portland scientist. Mysterious maladies which have been frequent throughout the world during recent months, have been caused by disease germs transmitted from Mars, this scientist contends. Martians, he believes, are watching the effects of these germs through powerful telescopes, and when one tests sufficiently deadly, will then wipe out the earth’s population. Unless earthly scientists can combat the germs, the theorist contends, they will vanish and be replaced by Martians, who will come in great air fleets when they learn that their attacks have been successful. FORMER SHERIFF FACES LIQUOR PLOT CHARGES Deputy of Man Who Served Steuben County Also Aecused. /?•; 7 niti and Press FT. WAYNE, Ind„ March 15. Charles Zimmerman, former Steuben county sheriff, and Russell Eckhart, who was his deputy, were arrested on federal indictments chargeral indictments charging liquor ing liquor conspiracy when they surrendered here to Herman V. Atkins, United States deputy mar hal. Zimmerman, who formerly lived in Angola and recently in Portland, was named in two charges returned by the last federal grand jury at South Bend in a conspiracy indictment in which Guy A. Emerick, former Allen county sheriff, was accused with twenty-six others. Zimmerman also was named in a liquor plot indictment for liquor conspiracy which includes Earl Mencenberger. Garrett.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS Sew Vork Stock exchange Chicago Stock TCj'-hange Sew York Colt-on Exchange Chicago Board of Trade •Sew York Curb A*ooinliop 300 Fletcher American Bank Bldg. Telephone Lincoln 5501

PAGE 13

more Finance * DIFFICULTIES IN STOREFOR FOX Court Actions Follow One Another in Battle for Control. Bu United Pri >* NEW YORK March 14.—The Fox Film and Fox Theater corporations became further enmeshed today in the legal entanglements which surround efforts to take control of the companies from their founder, William Fox. Three new actions were brought Thursday in three separate sections of the state supreme court. Various others are still pending before state and federal tribunals. Counsel for Harry L. Stuart, president of Halsey, Stuart & Cos., and John E. Otterson, president of the Electrical Research Products, Inc., co-trustees with Fox under an agreement he has tried to repudiate, obtained an order from Justice Levy in supreme court, directing Fox to show cause why he should not be enjoined from prosecuting injunction proceedings against him in federal court. Fox has obtained a show cause order in federal court, returnable today, to restrain Stuart and Otterson from exercising any rights under the voting trust agreement made with them last Dec. 3. Another action was begun before Supreme Court. Justice Alfred H. Toivnley by three stockholders of the Fox Film Corporation. Justice Townie, issued an order requiring Fox and others to show cause Monday why they should not be restrained from putting into effect the Bancamerica-Blair plan for refinancing which lias been accepted by a large majority of the stockholders and the board of directors. The third action was heard before Supreifie Court Justice Norman S. Dike in Brooklyn. After listening to three hours of argument Justice Dike reserved decision on an order directing Fox and his associates in the purchase of Loews, Inc., to show cause why $9,000,000 in alleged secret profits should not be accounted for to stockholders.

On Commission Row

Fruits ApplOK—Deitcious, box extra fancy. $4.35: fancy, $4; Baldwins, $2.25; Grimes Golden, $2.56® 2.75: Northern Spies, $2.25; Winesap, $2.25 If 2.50. Cranberries—Box cf 25 lbs., SB. Grapefruit—Florida. $4.50 *#5.75. Grapes—California Alemcria, $3.75; Bmperors, keg. $6. Lemons —California, a crate. ss.so®s, Limes—Jamaica, $2.50 a hundred. Oranges—California navalr. $5.2508. Fresh Strawberries—4oo4sc a quart. Vegetables Beans—Florida, $5 a hamper. Beets Texas, $4 a crate. Cabbage—New, ICI'V/sc a pound. Celery—Florida. $303.50 a crate. Cauliflower—California, $2.5002.78 a crale - Cucumbers —Home grown, $4,253*8 a Eggplant—s3.7so3 a dozen. Kale—Spring. 90c to $1 a bushel. Lettuce—California Iceberg. $3.5004.00 a crate; home grown leal, a bushel $1,203 135 Onions —Indiana yellow, $2 a 100-Jb. bag; white, $2.50 a 50-lb. bag. Parsley—Home grown. 50c dozTe,is—California. 45-lb, crate, $6(36.50. Peppers—Florida, a crate. $7.5008. Potatoes —Wisconsin. $4.25 a 150-115. bag: Minnesota. 53.10 a 100-lb. bag; Red River ohios, 120 lbs., $3.75®3.85: Idaho Russets. $3.75 a 100-!b. bag. New Potatoes—Florida Cobblers, 60-lb. crate. $3.25: Texas Red, 100-lb. bag. $6.50. Sweet Potatoes—Naucy Halls, $1.75 a hamper: Opossum brand. Indiana lerseys. $3.00 per bu. . .. Rhubarb—Home grown, hothouse, b-lb-bunch. 75c. Sassafras—lndiana. 30c a doz. Radishes—Home grown button, 85c do*. Mustard—Home grown. $1.50 a bushel. Cucumbers—Home grown. $1.7502.00.

New York Bank Stocks

—March 14— National Banks Bid. Asked. America 132 1??,. Interstate 55 55% Chase National 378 179 Chat Phenix National 127 129 City ’239 240 First National 5,675 5.750 Public 139% 141 Manhattan Company 142 143 Trust Companies Bankers 156 157 % Cent Honour 382 385 Chemi Bank & Trust 82 82*/* Corn Exchange 225 228 Brooklyn 835 345 Equitable 133% 139 Guaranty 776 780 Irving 62% 83*/ 2 Manufacturers 149 150 Nev York 284 287 Bank of United States.... 78 79