Indianapolis Times, Volume 41, Number 271, Indianapolis, Marion County, 24 March 1930 — Page 13

MH.RI H T 4, i^n

STOCK MARKET MOVES HIGHER DESPITESALES Trading Much Quieter Than Pace Set Friday and Saturday.

Average Stock Prices

Average of thirty Industrials for Saturday was 376.43, off 4.11 Average of twenty rails was 153.11. off .57. Averag<" of twenty utilities was 100 22. off 1.86 Average of forty bonds was 85.96. off 1.86. flu T'nited Press NEW YORK, March 24.—Despite bear pressure on several weak spots the stock market list generally moved today from fractions to nearly 8 points. The opening was mixed and early trading saw heavy profit-taking in many sections of the list. Strength in United States Steel, however, and many special issues brought the market into high ground. Today’s weak features included Johns Manville and Montgomery Ward. The latter broke to anew low for the present shares at 38VI, off 1%, and Johns Manville to a new low on the movement at 128',i, off 4’, Montgomery Ward’s profits have shrun.s no-teriallv and rumors were spread that the dividend would be reduced or passed. Earnings for 1929 were equivalent to $2.60 per share, 40 ceil*- a share under dividend requirements on common. Trading Quieter Western Union broke five points at the outset to 185, but regained most of the loss later. Sears Roebuck declined l l * to 86%, and a few other issues sold off smaller amounts. Trading quieted down considerably from the 1930 record pace of the markets late Friday and Saturday. Sales to noon amounted to 1.775.200, against nearly 2,000,000 in the same period last Friday. United States Steel met excellent demand on expectation of extra payments in addition to the regular annual dividends. The stock after opening at 188% rase to 190 where it was up 2 1 4 points. It held between 189 and 190. Vanadium was the feature of the teel group in point of gain, rising nearly 8 points to anew high for the year at 114. New highs for 1930 also were made by Lehman Corporation at 94. up 2; Serel, 12'.,, up 1; Kelvinator, 23%, up 1 , and United Aircraft, 81U, up 2%. Shorts Punished Shorts received further punishment in Gillette, which rose 1 % to 38. Westinghouse Electric advanced l'i to 184, General Electric % to 76%, American Can Hi to 147%, Bethlehem Steel % to 103%, and Radio Corporation % to 50%. Oils were in demand after early Irregularity. Standard of New? Jersey made anew high at 70%, up \K t and a top was reached by Standard of New York at 35%, up l’i. and Sinclair, 28%, up %, equaled its 1930 record. Simms Petroleum rose a point to 36%. Indian Refining recovered nearly all of an early decline of more than a point. Amusements firmed up with Warner Brothers Pictures and Paramount leading, both rising more than a point. Call money renewed at 4 per cent.

Banks and Exchange

IVPHN'APOII' STATEMENT Indianapolis bank .’irarings Monday. March 24. were S3.113.000: debits. $6.400.00 . NEW YORK STATEMENT fir/ United Prces NEW YORK. March 24 Bank clearings. *577 000.000; clearing house balance. *133.nooPOO' Federal reserve bank credit balance. $128.000.000. treasury statement fi.r United Press WASHINGTON. March 54.—The treasury net balance for March 21. was Sing.S 093.13 expenditures for th ?L. rta l!L w f>Tf *3l 948 174 04 customs rer.eipt. for the month to that datejrere $29,318,333.10. CHICAGO STATEMENT fir/ United Press CHICAGO. March 24.—Bank clearings. *80.000.000: balances. $6,600,000.

In the Stock Market

ißv Thomson * McKinnon' NEW YORK. March 24.—Still further prospects of lower rediscount rates and the passage of the tariff bill, give promise of perhaps being the outstanding favorable factors during the current week. However, the latest resume of actual and prospective business conditions prepared by the President's national business conference should exercise a helpful psychological effect. Unfortunately. a note of skepticism has begun to creep in the monetary situation with the opinion becoming more general the world over that lack of demand for accommodation for business purposes, more than credit deflation, has resulted in the present huge supply and outstanding ease of money. With first quarter earnings for a vast majority of the larger corporations generally expected to show' a decided decline from those of a year ago. the stock market is now being called upon to face the fact that within a few weeks analysis will have to be made !>f many financial reports which will not be pleasant reading. That earnings may in some cases fall below dividend requirements is a factor which we feel must not be ignored at this time, regardless of the outlook for much better things to come later in the year. We are in no way swerving from our distinctly optimistic attitude toward the more distant outlook for both the security markets and the business structure of the country. Nevertheless for the present we are strongly inclined to favor a temporary reversal of policy, and to advocate that strong spots be utilized for the purpose of reducing speculative commitments.

New York Stocks ““(By Thomson At McKinnon) “““

—March 24 Prev. Railroad*— High. Low. 12.00. Close Atchison 3*''a ?36 Atl Coast Line }'* , Balt A: Ohio , ... ”!% Canadian Pae ..205' i* 205 205 206 Chesa Ac 0hi0... . .■■. 234 2321, Chesa Ccrp .. ‘5% <}% '* •* Chi Ac N West.. 86 35% 85% 86. Chi Ort west CRI&P ••• 120*2 Del At Hudson ■■■ 1™ Del At Lacks. ... .. ■■■ 1% 1 Erie 58% 5.% 5- 5.% Erie Ist pfd ••• Grt Nor . 100% 100% 100% 101 Gulf Mob At Oil 42% Lehigh Valley 77% n Kan City South. . ... ••• 81% Lou At Hash 134-, 134 .34 ... MKAt T 81% 80 61% 59% N Y Central ...187% 187 187% 186 N Y C At St L 140 NY NH A: H ..125% 125 125 12a\ Nor Pacific 94% 95% Norfolk At West 258% O At W 15% Pennsylvania .. 83% 83% 83'/a 84 Reading 134 % Seab and Air L 10% Southern Ry 130% 'to% Southern Pac ..124% 124% 124% 121, St Paul 23% 23% St Paul pfd ... 41 40% 41 40% St L At S W 87% ... St Lk 8 F , 113 121 % Union Pacific ..234 233% 234 233 West Maryland 31% 30% 31% 30% ■Wabash . 58 57% 57% 57 Rubbers— Ajax 2% 2 2% 2% Pis k 3% 3% 3% 3% Goodrich 53 52% 53 52% Goodyear 93 U 93 93% 92 Kelly-Spgfld 4% 4% Lee 8% United States.. 29 25% 29 28',, Equipment*— Am Car At Fdy 67 66 Am Locor.-otive. 84% 83% 83% 83 Am Stel Fd... 50'/ 50 50% 50% Am Air Brake S 53% 53% Man Elec Sup.. 35% 35% 35% 35 General Elec ..77 76 76% 76% Gen Rv Signal 99% 98% 98% 99 Gen Am Tank.. 105% 103% 104 1 04'% N Y Air Brake 45 Pressed gtl Car , 14 14 Pullman 83 82% 82% 82% Westtngh Air B . 48% 48% Westlngii Elec ..185'/* 183% 185% 182% Am^RoT*Mills.. 93 P 2% 93 93 Bethlehem 103% 103% J 03% 393 Colorado Fuel.. 69 58% 58" i 58_ Crucible ’. 88% 90% Gulf States Stl 71% Oti* 35 35 Rep Iron At Bit.. 74 73% 74 74 Lualum 39% 38 39% 38% Newton ••• U S Steel 190% 188% 190 387 “ Alloy 32% 32 32V* 31% Warren Fdy ... 32% 31% 32% 31% Youngstown Stl 145 144 145 145 Vanadium Corp 110% 306 109% 105% Motors— Briggs 19 17% 18% 17% Brockway Mot.. 17'/, 15% 17% 15% Chrysler Corp .. 40% 39% 40% 40% Eaton Axle „ 34% 35 Graham Paige.. 10% 9% 8% 9% Borg Warner ... 45% 45% 45% 45 Gabriel Snubbrs ... ... 8% ... Genera! Motors. 48% 47V* 48% 47 s Elec Stor Bat 77% 77% Hudson 37% 57% 57 % o 7 Haves Bod Corp 9 8% 9 8 Hupp 21V, 21 % 21% 21% Auburn 250% 247% 249% 248 Mack Trucks ... 85% 84% 85% 85 Reo 14% 14% 14% 14% Gardner 5% 5% Motor Wheel ... 31 30% Nash 47% 47% 47% 47% Packard 22% 22% 22% 22% Peerless ... 8% §% Pierce Arrow ... ... 20% Studebaker Cor. 42% 42 52% 42% Stew Warner ... 40% 41 Timken Bear.. 83% 82'/* 83% 82 Wlllys-Overland. 9% 9% 3% f% Yellow Coach 73% 23% 23% 23% White Motor 37% 37 37% 36% .Mining— Am Smelt k Rfg 75 74% 75 74V, Am Metals ... . . 46

Am Zinc ... ... lE’* Anaconda Cop.. 75% 74% 74% 74'a Calumet ft Ariz. 84% 83’ 2 83% 82 Calumet ft Heca 29 28% 28 1 2 28'2 Cerre de Pasco. 63 62'2 62% 63 Dome Mines 9 Andes 34 Granbv Corp 56% 56% Gt Nor Ore 23% 23% 23% 23’ 2 Inspiration Cop.. 28% 28 28% 28 Howe Sound 39 Int Nickel 41’* 41*4 41 > 41’ * Kennecott Cop.. .68% 57% 58% 58% Magma Cop ... 51% 50% Miami Copper ... 30 30 1 Nev Cons 29 ' 28' 28% 28’, Texas Gul Sul.. 67’* 66 1 2 67'; 66’4 St Joe .. ... 50 U S Smelt 33 33 Oils— Atlantic Rfg .... 49'4 48 48% 47% Barnsdall (A) .. 28'/* 28 28’* 28 Freeport-Texas... 45V* 5% 454* 45% Houston Oil 95 91’* 95 91% Indp Oil & Gas.. 27% 27% 271* 21 Conti OH 26% 26V* 26% 26 Mid Cont Petrol 3113 31 31'/ 30% Pan-Am Pet B 55 Phillips Petrol.. 38 1 P 38 s * 33% 37% Prairie Oil 48 7 * 48% 48% 48% Union of Cal 45% Fralrie Pipe 55'7 Pure Oil 24% 24% 24’7 24'* Royal Dutch 51% 51% 51% 53 Richfield 26% 26% 26% 26% Shell 23% 23 23% 22% Simms Petrol... 35% 34% 35 *35’4 Sinclair Oil 28 27% 28 27% Skellv Oil 35% 35% 35% 35 Std Oil Cal 63% 63% 63% 64 Std Oil N J.... 70 69 70 68% Std OH N Y 35% 34% 35% 34% Tidewater 15 14% 15 14% Texas Corp.... 57% 57 57% 57V* Texas C & 0.. 13% 13'/* 13% 13 Transcontl .... 9% 9% 94* 9% Industrial*— Adv Rumelv ... 17'% 17% 17% 17% Allis Chalmers.. 64 63% 64 64% Allied Chemical 281 279 281 283 A M Byers 98% 98% 98% 97 Armour A 5% 5% 5% 5% Amer Can 147% 146 147 146% Alleghaney Corp 31’* 31% 31% 31'. Amer Ice 41% 40% 40’* <O% Am Woolen... 13% 13% 13% Assd Dry Goods 40’* 40% 40% 40% Bon Alum ... 48% Coca Cola . . . 172V* Conti Can .... 67% 67% 67% 61% Certainteed .... 13% Croslev ... 18 Congoleum .... 19% 19 19% 19% Curtiss W 11% 11 11 11% Davidson Chem 41% Dupont 137 135 137 135% Famous Rlavers. 73% 72% 73% 72% Gen Asphalt... 65% 65% 65% 65 Fox A 29 28 28 Vi 27% Gold Dust 43 42% 43 42% Glidden 38 36% 38 37% Int Harvester.. 95% 93% 95% ... Kelvinator 23’* 22% 23’* 21% Lambert 103% 103% 103% 104% Link Belt 45 Loews 75 % 74 75% 75% May Stores 54’. 54% 54% 55% Kolster 4% 4% 4 s * 4% Montgom Ward 39 38’* 38% 39% Nat! C R 63% 61% 63% 62 Radio Keith 35% 35% 35% 35% Owens Bottle 59 Radio Corp 50% 50% 50’* 50% Real Silk 60% Rem Rand 38% 38 38% 38% Sears-Roebuck.. 87% 87 87 87’* Union Carbide.. 98% 97% 98% 98 Warner Bros 76% 74’* 76 74% Un Air Craft... 82% 78% 82% 78% Unlv Pipe 4% 4’* 4% ... U SCs Ir Pipe 32% 32 32% 32 U S Indus Alco 104% 102 104’- 104% Worthington Pu 123 120 123 122 Woolworth Cos.. 61% 60 61% 64% Utilities— Am Tel it Te1..246 245 246 244 Am Pr it Lt 111% 109’* 110 109% Eng Pub Serv.. 56% 56% 56’* 57 Am For Power.. 89 87% 89 87% Am Wat Wks. .110 108% 110 108% Gen Pub Serv.. 43% 42% 43’* 44% Col G <fc F 94% 93% 94% 94 Consol Gas 121% 120 121% 120% Elec Pow it Lt. 79 78% 78% 45% Int T ft T 64% 63% 64% 63% Nor Am Cos 120% 119% 120% 120 Pae Light 99 96 99 96% Pub Serv N J.,102% 101 102 1 00% So Cal Edison.. 61% 61% 61% 63% Std Gas & E1..115% 115% 115% 115% United Corp ... 40% 39% 39% 39% Utilities Power.. 37 37 37 37 United G St Imp 39% 38% 39% 38% West Union Tel 189 185 188% 190 Shipping— Am Inti Corp. . 47% 46% 47% 46 s * Am Ship A- Com 1% I’* 1% I’* Inti Mer M pfd 28 27% 27% 27% United Fruit.... 91% 90% 91% 90% Foods— Am Sug Rfg 66% 66% 66% 66% Cudahv 45% 45% 45% 45% Beechnut Pkg.. 65% 63% 63% 62% California Pkg . 73% 73% 73% 73 Canada Dry.... 74% 74% 74% 74% Oom Products.. P 7 96 96 95% Cont Bak IAI.. 42% 42% 42’* 41% Berden 73% 73% 73% 73% Grand Union .. 19% 19% 19% 19 Jewel Tea 57% Kraft Cheese 48% Kroger 40 39% 39 s * 39% Loose-Wiles ... .. ... 63% Natl Biscuit 89% 88’* 38% 88% Natl Dairv .... s!’* 51% 51 s * 51% Purity Bak .... 74f, 74’* 74’* 76% Loft 4% 4 % 4% 4 ’ 3 Gen Foods .... 49% 94 49 50 Stand Brands.. 24% 23% 24% 24% Tobacco*— Am Sumatra... 18 18. 18 17% Am Tob B 234 233% 234 231% General Cigar.. 59% 59 s * 59% 59% Lig A Myers 110% 109% 110% 110% Lorlllard 25% 25% 25’, 25% R J Reynolds.. 55% 53% 85% 55 Tob Prod 8.... 4% 4% 4% 4’4 United Cigar St 6% 6 6% 6% Schulte Ret Strs 8% 35 States War on Illiteracy fir/ T nitfd Press WASHINGTON. March 24.—Governors. educational leaders, state and county committees in thirty-five states, are uniting in a final campaign on illiteracy before the census is taken. Secretary of Interior Wilbur, chairman of the national advisory committee on illiteracy, reported here.

PORKER TRADE DOWN 10 CENTS AT STOCKYARDS Cattle Nominal to Lower; Calves Up: Sheep Unchanged. Mar. Bulk. Top. Receipts. 17. *10.30© 10.90 *10.90 2,500 18. 10 35® 10.75 10.75 5.000 19. 10.35® 10.85 10.35 _ 6.000 20. 10.25® 10.75 10.80 5,000 21. 10.25 w 10.75 10.75 4.500 22. 10.40® 10.90 10.90 2.000 24. 10.30810.80 10.80 4.000 Hogs were mostly 15 cents lower today at the union stockyards, prices for the bulk, 150 to 275 pounds, ranging from $10.30 to SIO.BO. Receipts were 4,000, holdovers 262. Top prices was SIO.BO. Steers were nominal and she stock weak in today’s cattle trade. Receipts were 600. Vealers showed strength with prices 50 cents higher at $13.50 down. Calf receipts were 200. Sheep were steady with receipts of 200. Top lambs sold for $10.25. Chicago hog receipts were 53,000, including 18,000 direct. Holdovers to 15 cents lower than Friday’s average; 170 to 200 pound weights sold for $10.50 to $10.60; 255-pounders, $10.25. Nothing done on heavier weights than these. Cattle receipts were 14,000, sheep 20,000. —Hogs— Receipts. 4,000; market, lower. Heavies. 300 lbs. up $ 9.30®10.05 250-300 lbs 10.20® 10.30 Med. wts.. 225-250 lbs 10.45 220-225 lbs J0.60<? 10.70 Light wts.. 160-200 lbs 10.70(5; 10.80 Ltglv Its.. 130-160 lbs 10.30® 10.60 Light wts.. 160-200 lbs 9.25® 10.10 Packing sows 8.25® 9.2a —Cattle— Receipts. 600; market, steady. Beef sters. 1.100-1.500 lbs. good and choice sll-75® 14.50 Common and medium 9.00© 11.(5 Beef steers, 1,100 lbs. down. good and choice 12.00® 14.75 Common and medium [email protected] Heifers. 850 lbs. down, good and choice [email protected] Common and medium 7.50® u.so cif.vs. good and choice 8.00 n 9,a0 Common an dmeduim 6.25® 8.00 Lower cutter and cutters 4.50© b. 20 Stocker and feeder steers, .. good and choice 10.00® 11.50 Common and medium i.oo© 10.00 —Vealers — Receipts. 400; market, higher. Medium and choice $ [email protected] Cull and common 5.50@ 9.50 —Sheep— Receipts. 200; market, steady. Lambs, good and choice $9.50® 10.25 Common and medium B.oo®. § Ewes, medium to choice 4.20® 5.50 Cull and common 2.00® 4.2a

Other Livestock Pu t nili(l Prise CHICAGO. March 24.—Hogs--(Receipts, 53.000, iucluidng 20,000 direct, opening 10 It 15c lower, later trade 15®20c lower; slow' at the decline: top. $10.65 paid early for 1709/190 lb. weights; choice 250 lb. weights. $9.85: 330 lb. weights, $9 35; butchers, medium to choice. 250-350 lbs., $9,25 9,10; 200-250 lbs. $9.501" 10.65: 160-200 lbs. $9,859/ 10.65; 130-160 lbs., $9.60010.60; packing sows, SB&x9: pigs, medium to choice. 90-130 lbs.. $99/10.25. Cattle—Receipts, 14,000; calves, 2,500; genera! trade steady to strong; spots higher: weighty fed steers up to Sls; but bulk of crop $13.25 downward; she stock in light supply; slaughter classes, steers, good and choice. 1,3009/1.500 lbs.. $12,507/. 14.75: 1,100-1.300 lbs., $12.5014.50; 950-1,100 lbs., $12.25® 15: common and medium. 850 lbs. up.. S9C/12.25: fed vearlings, good and choice, 750 a 950 lbs.. $12.25® 15; heifers, good and choice. 850 lbs. down. $11.25013.50; common and medium, $80.11.35; cows, good and choice. $7.5009.75; common and medium. $6,259/ 7.50; low cutter and cutter, $4.7506.25; 'bulls, good and choice beef, $8 79.25: cutter to medium. $6.50@8; vealers', milk fed. good and choice, s9® 14; medium. $809; cull and common. s7®B: Stockers and feeders, steers, good and choice, all weights, $10.500:11.75; common and medium. $8.25010.50. Sheep—Receipts, 20,000; market opened slow. 15025 c lower, earlv bulk fat lambs. $9,509/10; early top. $10.25; fat ewes, quotable $6.25 down: 84 lb. shearing lambs, steady at $10; lambs, good and choice. 92 ibs. down, $9,600, 10.40; medium. $9.35©9.75; cull and common, $8.500 9.25: medium to choice, 92100 lbs. down, S9O 10.25: ewes, medium to choice. 150 lbs. down, SSO 6.25; cull and common. 52.500 5.25; feeder lambs, good and choice, $9.35010.10. Bn United Press CLEVELAND, March 24.—Hogs—Receipts 4.400; holdovers. 326; market, steady, spots 10c lower on 180-210 lbs., at $10.75011: while 220-240 lbs. at [email protected], were 15®25c higher; 250-300 lbs., $10; pigs, $10.50; rough sows. $8.75: stags, $6.75. Cattle—Receipts. 900; mostly steady; bulk common to medium steers, $10.25011.50: fat cows. $6.500 8.25: cutter grades. $4,75 ©8: sausage bulls. $79/8.25; active. Calves —Receipts. 650: steady, bulk vealers, Sls down; cull to medium around SBO 12. Shc/'p—Receipts. 3.100: steady, clipped lambs. S9O 9.75: wooled skins, $lO down lacking quality; sheep, dull. Bu United Press TOLEDO, March 24.—Hogs—Receipts, 600; market. 100 25c lower; heavies. S9O 9.50; mediums, $10010.40; Yorkers. $10.50 <& 10.70; pigs. SIOO-10.25. Cattle—Receipts, light; market, steady. Calves—Receipts, light: market, steady. Sheep—Receipts, light; market, steady. Bu United Press EAST ST. LOUIS, 111.. March 24. Hogs—Receipts. 12,000; market slow; 10® 25c lower; 160-220 lbs., $10.300 10.60; 230280 lbs.. [email protected]; sows, $8.5008.75. Cattle—Receipts, 6.000; calves. 1,000; market opening generally steady; cows firm; vealers 25c higher; steers. $9.85012.50. Sheep—Receipts. 1,500; lambs slow; quality mostlv medium to good, opening steady to city butchers; clipped lambs. $9.25. Bu United Press FT. WAYNE Ind.. March 24.—CattleReceipts. 50: hogs. 200; Sheep. 50: hog market. 25c oil: 90-110 lbs.. 59.10; 110-120 lbs.. 53.35: 120-130 lbs.. $9.60; 130-140 lbs., $9.85: 140-150 lbs.. $10.10: 150-160 Ibs.. $10.35: 160-200 lbs.. $10.60; 200-225 lbs., $10.50; 225-250 lbs.. $10.35: 250-275 lbs.. $10.10; 275-300 lbs.. $9.85; 300-35.0 lbs., $9.65: roughs, $8; stags $6; calves, $13.50: lambs. $9.

Bv United Prc** PITTSBURGH. March 24.—Hogs—Receipts. 3,150; market steady to 10c lower; 150-210 lbs.. $11.10011.15; 220-250 lbs.. S10.50W10.90: 200-300 lbs.. $9.750 10.25; 100-125 lbs.. $10.50010.75: sows. $8.75'0 9: few. $9.25. Cattle—Receipts, 800: market steady to strong; heavy steers. 25c higher in snots; bulls slow; bulk steers. SllO 13- top. sl3 35: few heifers. ST (5? 11.50; hulls, $7 n9. Calves—Receipts 650; market fully stead' - ; top vealers. 514.50. Sheep— Receipts. 3,000; market, steady; lambs, steady: sheep strong to 25c higher: bulk clipped lambs. $909.75: choice wooled, $10.75; shorn aged wethers, $65/6.75. R’> United Pre/t * LOUISVILLE. March 24 —Hogs—Receipts. 1.600: market 20c lower: 300 lbs up. $8.90; 225 to 3PO lbs. $9.75; 165 to 225 lbs $10.55; 130 to 165 pounds. 59.56: 130 lbs down. $7 75; roughs. $7.20: stags. $6.60. Cattle —Receipts. 700: market bulls 50c higher, all other classes steady; prime heavy steers, $llt?12.50; heavy shipping steers. slo<i It; medium and plain steers, $8.5061 10; fat heifers. $81112; good to choice cows. $6 500 8.50; medium to good cows. $606.50; cutters. SSO 5.50; ranners. $3,500 4.75: bullsfl 5f.08.50; feede-s. SBO 10.75; stockers. $7.50011. Calfves—Receipts. 600; market 50c lower: tops. *11; good to choice. $9.50011; medium to good, $709; outs, $6 down. Sheep—Receipts. 200: market steady: ewes and wethers, $10010.50; buck lambs $9 0 9.50: seconds, S6O 7.50; sheep, $4 5005.50. Saturday's and Sunday’s shipments: Cattle, 100; calves, 338; hogs., IT3; sheep, none. Bn United Press CINCINNATI. O . March 24 Hogs—Receipts. 6.600. including 4.200 direct: heldover 130; butchers mostly 25c lower: sows about steady; bulk good and choice. 160 to 225 lbs. $10.75: Jess desirable down to $10.50 : 230 to 250 lbs. $lO 25 n 10.50: 250 to 280 lbs. $9.7501,000: 300 lbs and over $9.50 down: bulk. 120 to 150 lbs. $lO to mostly $10.25: lighter pigs. $9.75 down; bulks sows, $808.50; few $8.75. CattleReceipts, 1.100: calves. 225: uneven, catchbid market: few sales slaughter steers and heifers. 25 0 50c lower; number loads still in first hands: bidding 50c or more lower; other cattle about steady; beef cows. S7O 8 50: low cutters and cutters, $4.7506.50; bulk of bulls. $7 0 8 50: vealers steadv; top. sl3: bulk less desirable. SBO 11. Sheep— Receipts 100; steady: good and choice shorn lambs. $9.500 9.75; comparable wool offerings. $10.50: common and medium, S7O 8 50; choice light ewes. $6. Tree Fatally Crushes Man Ru T’mrt Rnrcinl BORDEN. Ind.. March 24.—Cecil Owens. 25, was fatally injured when struck by a falling tree.

THE INDIANArOLIb iIIVILSS

The City in Brief

TUESDAY EVENTS Mercator Club annual election, Columbia Club, noon. Rotary Club luncheon. Claypool. Gyro Club luncheon. Spink-Arm*. Purchasing Agent* Association luncheon, Severin. American Chemical Society luncheon, Chamber of Commerce. Universal Club luncheon. Columbia Club. „ Phi Gamma Delta luncheon, Chamber of Commerce. . .... University of Michigan alumni luncheon. Lincoln. North Side Exchange Club luncheon, 3810 College avenue. Alliance Francaise luncheon, SpinkArms. Indianapolis Medical Society meeting, Athenaeum, S p. m. Indianapolis Republican Veterans. Inc., luncheon. Board of Trade. Board of city school commissioners meeting, citv hall 8 p. m. Indiana Retail Jeweler's Association convention. Severin . A collection of paintings from the estate of the late Will H. Latta is on display at the Benjamin Harrison house, 1230 North Delaware street. Annual spring- conference of the Indianapolis Baptist Association will open at 10 a. m., Tuesday, in the Southport Baptist church. Harold C. Keyes, sixteen years “Operative K-4’’ of the United States secret service, and captor of four spies during the World war, will address the Rotary Club at its weekly luncheon Tuesday at the Claypool. Dr. Homer P. Rainey, president of Franklin college, will address the Universal Club at a fathers and sons luncheon Tuesday in the Columbia Club on “Which Is the Way?” The Kiwanis Club at its weekly luncheon Wednesday in the Clayfiool will hear C. W. Toel. Chicago, western manager for the Curtis Publishing Company. Mme. Peal Violettc Metzeltliin, New York, will speak before the Advertising Club of Indianapolis at its weekly luncheon Thursday in the Columbia Club. The following district meetings were announced today by Harry A. Beeman, chairman of the board of governors of the Sheet Metal and Warm Air Heating Contractors Association of Indiana: Ft. Wayne, May 2; Lafayette, June 20; Indianapolis, July 26; Richmond, Aug. 29; Terre Haute, Oct. 24, and Vincennes. Dec. 12. No Young Park, graduate of Harvard and Minnesota universities, and author of “Making a New China,’’ will address the Indiana Council on International Relations at a luncheon Friday at the Lincoln on “The Chinese Eastern Railway Settlement.” Electrical wholesalers and manufacturers from Indiana, Illinois and Michigan will meet in annual convention April 9 and 10 at French Lick Springs. Speakers prominent in the making and selling of electrical supplies will be included in the program. Modem Woodmen of America camp and Royal Neighbors of Beech Grove will join in an old-fashioned box supper at the Beech Grove high school gymnasium Wednesday night. David Mann is chairman for the Modern Woodmen and Mrs. Minnie Klingensmith is Royal Neighbors’ chairman.

Produce Markets

Eggs (country run'—Loss off. delivered in Indianapolis. 21c: henery quality. No. 2 24c: No. 2. 21c. Poultry (buying prices)—Hens, weighing 4%c lbs. or over. 23c; under 4’% lbs., 36c; Leghorn hens, 23c: springers. 4 lbs. or over. 21c; under 4Vs lbs.. 21c; broilers. 1930. S2c; old cocks. 12® 15c; ducks, full feathered, fat. whites, 12c; geese. 10c. These prices are for No. 1 top quality, quoted by Klngan it Cos. Butter (wholesale!—No. 1. 44®4Sc: No. 2. 42®43c. Butterfat —39c. Cheese (wholesale selling price per pound/—American loaf. 31c; pimento loaf. 33c; Wisconsin firsts, 27c; Longhorns. 34c; New York limberger. 36c. Bu United Press NEW YORK. March 24.—Flour—Quiet and firm; spring patents, $6.1506.45. Pork —Steady: mess. $30.50. Lard—Easy: middle west spot, 510.650H0.75. Tallow —Quiet; special to extra, 6%®6%. Potatoes—Old. dull and weak: new. steady: Long Island. $1.25®5.25; southern. $7010: Maine, sl@ 4.50: Bermuda. $6.50®15. Sweet potatoes— Steady: southern, baskets. 65c051.85; southern barrels, $2.5003.50; Jersey, basket. 60c®52.75. Dressed poultry—Quiet; turkeys. 27@42c: chickens, 18®34c; fowls, 17032 c: ducks. Long Island, 19@20c. Ltve poultry—Dull arid nominal: geese. 13018 c; ducks. 14025 c; fowls. 28030 c: turkeys. 250 42c- roosters. 17020 c; chickens. 21037 c; canons. 24®42c; broilers. 30045 c. Cheese —Steady to firm: state whole milk, fancy to special. 24@;26c: young America, 23025 c. Bu United Press CHICAGO. March 24.— Eggs—Market, easier; receipts. 40,737 cases; extra firsts. 25025’, 2 c: firsts. 24c; ordinaries, 23@23%c; seconds. 226 c. Butter—Market, firmer; receipts, 12.612 tubs: extras. 38’/c; extra firsts. 37%® 38c: firsts. 33%36%c: seconds. 31@32%c standards. 38’ic. Poultry —Market, firmer: receipts, no cars in. 1 due; fowls. 25c: springers. 29%c: Leghorns, 25c: ducks, 20® 23c; geese. 15c: turkeys. 25c- roosters. 20c: broilers, 38 0 40c. Cheese —Twins. 18%@19%c: young Americas, 20c. Potatoes—On track. 340; arrivals. 203; shipments. 1,129: market, steady: Wisconsin sacked Round Whites, $2.4002.55: Minnesota and North Dakota sacked Round Whites $2.35®2.40; Idaho sacked Russets, $3.1503.35. B > United Press , _ .. CINCINNATI. 0.. March 24.—ButterSteady: creamery In tub lots according to score.' 39®40c: common score discounted, 203 c; packing stock No. 1,26 c; No. 2, 22c; No. 3,17 c; butterfat, 37039 c. Eggs— Steady; cases included: fresh gathered, 24%c; firsts, 24c: seconds. 21c; nearby ungraded, 24c: duck eggs. 30c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls 5 lbs. and over, 25c; 4 lbs. and over. 25c; 3 lbs. and over, 25c; Leghorns, 3 lbs. and over. 24c; roosters. 17c; capons. 8 lbs. and over, 35c; under, 2 lbs., 33c; slips. 21c; 1930 broilers over 2 lbs.. 42c colored broiler, 1% lbs. and over. 40c: 1% lbs. and over. 37c: Leghorn and Orpington broilers. IV* lbs. and over, 35c; 1% Ibs. and over, 40c; broilers partly feathered, 30@35e; black springers. 25c.

On Commission Row

Apples—Delicious, box extra fancy. $.J5< fanev. $4: Baldwins. *2.25 02.50: Northern Spies. $2.25: Winesap. $2.2502.50. Grapefruit—Florida, $506.50. Grapes—California Alemeria. $3.75: Emperors. keg. $6. Lemons—California, a crate. ss@6. Limes — Jamaica, $2.50 a hundred. Orcnges—California navals. $5.2508, Fresh Strawberries—46c a Quart. Vegetables Beans —Florida, $6 a hamper. Beets— Texas. $3.5003.15. Cabbage— News. 8e pound. Celery—Florida. $3.2503.75 a crate. Cauliflower—California. $2.50fi2.75 a crate. Cucumbers—Homs grown, $4-2505 a crate. Eggplant—sl.7so2 a doaen. Kale—Spring 90c to $1 a bushel. Lettuce—California Iceberg. $3.5004.00 a crate; home grown leaf, a bushel *1.20@ 1.35 Onions—lndiana yellow, $2 a 100-lb. bag: white, $2.50 a 50-lb. bag. Parsley—Home grown. 50c do*. Peas—California. 45-lb. crate. $606.50. Peppers—Florida, a crate. s6®7. Potatoes—Wisconsin, $404.25 a 150-Ib. bag: Minesota. $3.10 a 100-lb. bag: Red River Ohios. 120 lbs.. $3.75; Idaho Russets. $4 a 100-Ib bag. New Cobblers. $3.25 a 50-lb. crate. Sweet Potatoes—Nancy Halls. $175 a hamper: Opossum brand. Indiana lersevs. $3.25 per Du. t Rhubarb—Homa gTOwn. hothouse 5-lb. bunch, 75c. Sassafras—lndiana. 30c • do*. Radishes—Home grown button. *Se dog. Mustard—Home grown. $1.50 a bushel. Cucumbers—Howe growiytL2sfo2.7s.

WEAK FOREIGN REPORTS SEND WHEATLOWER Active Selling by Bears Is Weakening Factor; Corn, Oats Off. B</ United Press CHICAGO. March 24.—Wheat broke drastically on the Board of Trade today under a heavy load of bearish sentiment. Liverpool was extremely weak in the face of bullish statistics due to cheap Canadian wheat and some liquidation and short selling on the weak advices from Winnipeg. A marked decline in world shipments, a sharp reduction in quantities on passage and decreasing Liverpool stocks failed to hold that market. Buenos Aires was also lower, 114 to 1% down just before noon. Corn and oats eased with wheat. At the opening wheat was Hi to 3c lower, corn was % to l%c lower, and oats was H to lower. Provisions were weak. After opening considerably lower than expected, Liverpool proceeded on its downward course and at midafternoon was 2% to 3’sC lower. Sentiment in wheat has again turned bearish after the world declines of Saturday. There was some light moisture reported over the winter wheat belt and the farm board has reduced its loan price in the northwest. Light export clearances and a belief that the southwest will raise a crop as large as last year, if not larger, are other pessimistic notes. Com has exhibited a good degree of resistance to the pressure of wheat. The short crop and a good cash demand have been the strengthening factors. Receipts today are expected to be the largest in a long time. Chicago Grain Table WHEAT— „ Prev, High. Low. 12:00 close. Mav 1.07 1.06 1.06% 1.08% July .-. 1.05% 1.03 1.05% 1.07% September ... 1.07% 1.06% 1.07% 1.09% CORN— May 83% .83% .83'.* .84 July 85Vb .84% .85% -8®;? September .. .85% .85 .85% .86% OATS—May 43% .42% .43% .43% July 42% .42% .42% .43% September .. .42% .42 .42% .42% RYE— May 62% .61% .61% .64% July .67% .66 .66% .69% September ... .71% .70 .70% .73% LARD— May ....... 10.30 10.12 10.22 10.37 July 10.40 10.32 10.37 10.57 September .. 10.70 10.50 10.62 10.77 rv Times Bvecinl CHICAGO. March 24.—Cariots: Wheat, 8; corn, 134; oats. 53; rye, 3, and barley. 12.

Local Wagon Wheat

City grain elevators are paying SI.OO for No. 2 red wheat and 94c lor No. 2 hard wheat. NEW YORK COFFEE RANGE —March 22 High. Low. Close. January 7.80 780 7.80 March 7.60 <.62 7.62 Mav . .............. 8.62 8.50 8.62 July 8.52 8.28 8.32 Bg,::::= *B CHARGED WITH ASSAULT Garage Attendant Alleged to Have Wielded Motor-meter in Fight. So hot was the argument, that a motormeter broke. The automobile device, used to show the temperature of radiator contents, was the weapon wielded by Raymond Spurgeon, night man at a garage at Clifton and Thirtyfourth streets, Sunday night, police say, in an argument with Carroll Michael, 21. of 1546 Broadway. Michael was struck on the head with the motormeter, it is alleged, and a deep gash resulted. He was attended at city hospital while Spurgeon was arrested on assault and battery charges.

Rated "A u by Moody * * fyd* 9 grouped in One INVESTMENT Public Utilities American Tel. and Tefe*riW> Cos. Consolidated Gas Cos, of New York International Tel. s*Tel. Corp. North American Company United Gaa Improvement Co* Railroads Atthan, Topeka 5* Santa Fe Ce* Canadian Pacific Railway Cos. New York Central Railroad Cos. Pennsylvania Railroad Company Industrials Alhed Chemical ti Dye Corporation American Can Company American Smelting 6s Refining Cos. Kastman Kodak Company K. I. Da Pont de Nemours 8* Cos General Electric Company International Harvester Company National Biscuit Company National Dairy Products Corp. Sean, Roebuck Ai Company Standard Oil Cos. of New Jersey Texas Corporation Union Carbide Carbon Carp. United States Steel Corporation Weatuighouse Electric 6t M(V Go. F. W. Wool worth Company Reserve Fund V. S.4*Traaanry Banda of 1954-44 m

Business and Finance

An Issue of *15.000.000 of Union Oil Company of California 15-year. 5 per cent debentures, with capital stock subscription warrants, is being offered by a banians; group headed by Dillon, Reed At Cos., and Including Ba'ncamerica-Blair Corporation and Chase Securities Corporation. The debentures are priced at 99% and Interest to yield 5.05 per cent. The Autocar Company reports the sale of *ixtv-nine heavy dutv trucks to the Amtorr Trading Company of New York for export to Russia. Fifty-four of these units will be used for street construction and maintenance work In Moscow and the remainder for highway work in outlying district*. The transaction, which included a quantity of spare parts, involves nearly *IOO.OOO. According to sdvices from London a Bristol. England, corporation (city of Bristol' loan is being underwritten for issuance in that market bv J. Henry Schroder A: Cos., on Monday. The loan will amount to f2,500,000 and is understood to be the first instance in which a loan of this character has been offered by one of the world’s largest banking houses. Financing for the Royal Dutch Company, which with its controlled subsidiaries constitutes the world’s largest enterprise engaged in the production and distribution of petroleum and its products, is being carried out in tlic American market with the public offering of an issue of J4f1.000.00fl fifteenyear 4 per cent debentures. Series A, with share purchase warrants, by a syndicate consisting of Dillon, Read tfc Cos.. Chase Securities Corporation, the Equitable Corporation of New York, Guaranty Company of New York, Bankers Company of New York, Ban-camerics-Btalr Corporation, Harris. Forbes & Cos., First-Chtcago Corporation, Increases in volume of business and profits for 1929 are reported by the Mortgage Bank of Bogota, Colombia, to J. k W. Seiigman A: Cos., fiscal agents for the bank’s twenty-year 7 per cent sinking fund gold bonds, due 1947. Foreign orders totaling approximately $250,000 have been received 6y Duesenberg. Inc., subsidiary of Auburn Automobile Company, since Dec. 1, beginning of the fiscal year 1930, H. T. Ames, vicepresident, reported. The first annual report of the Beneficial Industrial Loan Corporation for the period Irom May 9, 1989, when the company was organized, to Dec. 31. 1929, was made public today by Clarence Hodson * Cos. The company, the largest in its field as the result of the consolidation of the former Beneficial Industrial Loan Corporation with American I.oan Company and Industrial Bankers of America, Inc., reports net earnings for the period of *2,475,071. not Including undistributed earnings of subsidiaries. The company’s share of such undistributed earnings was approximately $527,000. These two amounts taken to--

Indianapolis Stocks

—March 24 _ Bid. Ask. Amer Central Life Ins C0..1.000 Belt R R it Yds Cos com 61 63% •Belt R R it S Yds Cos pref.. 55 60 Bobbs-MerriU Oo 30 33% •Central Ind Pow Cos pref 90% 95 •Circle Theater Cos common... .105 •Citizens Gas Cos common 27 •Citizens Gas Cos pfd 96 99% •Commonwealth L Cos pf 7%.. 97 Commonwealth L Cos pf 8%.. 99 •Hook Drug Cos common new.. 23 26 Ind Hotel Cos clavpool com... 125 Indiana Hotel Cos pref 100 •Indiana Service Corp pref... 81 Indianapolis Gas Cos common. 57 61 % •IndpU Power St Lt Cos pfd.. 105 106% Indpls'Pub Wei Loan As com.. 63 Indpls St Ry Cos pfd 30 31% Indianapolis Water Cos pfd 98 Interstate U S Cos nr 6% L pf 90 93 Interstate P S Cos pr 7% P pf. 102% 104% • Metro Loan Cos 98% Northern Ind Pub 6% Cos pfd 99 101% Northern Ind Pub 7% C 6 pfd.lo7 •Progress Laundry Cos common 46 48% E Raub & Sons Fer. Cos pfd.. 50 Real Silk Hosiery M. Inc. pfd 90 Shareholders Investors C 0... 24% ... Standard Oil Cos of Ind 55 •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. —BONDS— Belt R R & Stock Cos 4s 90% ... Central Indiana Gas Cos 55.. 99 Central Ind Power Cos 6s 99'% ... Citizens Gas Cos 5s 102 Citizens Street Railroad 55.... 51 ... Gary St Rv Ist 5s 65 ... Home T it T of Ft. Wayne 6s. 101 s /* ... Ind Northern Tree Cos 5s ... 3 5 Ind Ry it Light Cos 6s 96 ... Indiana Service Corpn 55.... 85 Indpls Power and Light Cos 5s 99% 101 Indiana Union Trac Cos 6s ... 5 Indpls Col & Cos Trac 6s 96 100 Indianapolis Gas Cos 5s 99 s ,* ... Indpls & Mart Rapid T Cos 5s 21 Indpls No Trac Cos 5s 10 131% Indpls North Western Cos 55.. 21 Indpls Street Ry 4s 45% 49'% Indpls Trac Ter Cos 5s 93% 95% Indpls Union Ry 6s 102% Indpls Water Cos 5%s 102% Indpls Water Cos 5s 95 Indpls Water Cos lien St ret.. 92% 94 5 % Indpls Water 4%s 93 ... Indpls Water W Sec Cos 55.... 85 ... Intersate Pub Serv Cos 6%5...102 ... No Ind Pub Serv Cos 5s 101 ... Interstate Pub Serv Cos 4'.is.. 88% ... No Ind Pub Serv Cos 5s 100 No Ind Telegraph Cos 6s 97 ... T H Ind St East Trac Cos 5s 65 T H Trac ft Light Cos 5s 94 Union Trac of Ind Cos 6s .... 17 22 —Sales— Belt R R ft S Yds Cos com 20 shares. , 61

We Are Pleased to Announce That After Careful Investigation We Have Accepted the Appointment as Distributors for Selected American Shares A Fixed Investment Trust is WE recommend these shares to our clients as an attractive investment because we believe that, representing an investment in the common stocks of twenty-five of the country’s greatest corporations, they are bound to be profitable as America continues to i progress. CURRENT income of at least fifty cents per share per year, which is reasonably assured through the operation of a reserve fund, makes the shares yield about 6% at their current market price (about $8.40). Last year disbursements would have amounted to sixty-seven cents per share. READY marketability of the shares is assured through an active market maintained by the distributors, through listing of these shares on the Chicago Board of Trade and through agreement of the trustees, Foreman-State Trust and Savings Bank of Chicago, to repurchase the same. WE feel that every investor should have a certain amount of his holdings in well selected common stocks. These shares, in our opinion, represent the best opportunity to obtain such an investment through the one single investment, eliminating the annoyance and worrisome details of twenty-five separate holdings. W RITE OR CALL FOR COMPLETE DETAILS Price at the Market About $8.40 Per Share The Meyer-Kiser Bank 128 East Washington Street Indianapolis

gether and calculated on an annual basis Indicate earnings at an annual rate of more than *1,602.000. compared with consolidated net earnings of tbe predecessor corporations of *2,895.100 for 1928. Ha'.sev. Stuart A: Cos.. BancamerlcaBl&ir Corporation. A. B Leach A; Cos.. Ine.. and Stlx k Cos . are offering today at prices to yield from 425 to 4.40’V. *1.800.000. Tarrant county. Texas. Ft. Worth'. 4% © bonds, due *60.000 annually Oct. 10, 19S0. to 1959. inclusive. The bonds, issued for road purposes, are dire and general obligations of the ent; o county, payable from unlimited ad valorem taxes levied against all taxable property therein. CHICAGO. March 24. —Seven leases have been signed up to the present time by Butler Brothers for stores in its L. C. Burr k Cos., Junior department store chain. Three of these are in Texas, three In Oklahoma and one In Arkansas. The locations of these are Denton. Cleburne and Big Springs, Texas; Pawhuska, Frederick and Pauls Valley. Okla., and Batesvllle. Ark.

Investment Trusts

Bid. Ask. Am Founders new 25% 26% Basic Industry Shares 9% 10 Corporate Trust Shares 9% 10 First Investment Corporation .. 11% Fixed Trust Shares A 21% ... Fix Trust Shares B 19 ... Investment Trust of N Y 11% 12% Leaders of Industry 11 s * 12% No Am Trust Shares 9% 10% Power AS Light Sec Trust 57 60 Revbarn & Cos 13 14% Standard Oil Trust Shares ~10 12 S W Straus Inv Units 52 58 Selected Amer Shares 7% 8% Trustee Standard Oil Shares.. 10"* ... U S Elec Lt k Pow Shares A.. 40% 42% U S Elec Lt L Pwr Shares B. 11% 13% Diverslged Trust Shares A 25% ... Diversified Trust Shares 8... 20% 20% Diversified Trust Shares C 9 9% 800 MILES OF ROADS TO BE MADE DUSTLESS $600,000 to Bo Expended by State Highway Department. Plans to put some 800 miles oi state-maintained roads into the dustless class at a cost of some $600,000 have been announced by Director John J. Brown of the state highway department. This is about 150 more miles than were made dustless in 1929, it was pointed out. Bids for 2.500,000 gallons of liquid asphalt and tar will be received bv the state highway department April 15, 17 and 18. On April 22. 23 and 24 the commission will open bids for about 4,000,000 gallons of light grade road oil and 2,000 tons of calcium chloride.

SEEK NEGRO ABDUCTOR Girl, 7, Flees When Enticed t* Enter Automobile. Attempt by a Negro to kidnap a small girls in the 600 block on East Twenty-fifth street Sunday night coused police to start a vigorous search for the man today. The same Negro is believed to have attempted to entice a small girl into his car on the south side earlier in the evening'. Charlotte Smith, 7, of 2442 College avenue, fled when the man attempted to grab her, police were informed. POLICE TO HEAR MAYOR Sullivan, Board of Safety Members to Talk at Roll CaU. Mayor Reginald Sullivan and members of the board of public safety will address the members of the city police department in a general roll call at 7:30 tonight. The meeting will be the first since the change of city administration, in which the board of safety members have met the department as a whole, Police Chief Jerry Kinney announced. Royal Party to Sail Bu United Press TOKIO, March 24.—Crown Prince Frederick of Denmark and his party, including the Prince and Princess Axel and Prince Knud, were to sail from Kobe for Tsingtao today, after a strenuous week in Japan during which they visited Yokohama, Tokio, Kamakura, Nikko, Kyoto and other places of interest.

PAGE 13

REACTION KITS STOCK ISSUES LATE IN WEEK Sales Friday and Saturday Set New Records for the Year. Z>>/ United Press NEW YORK. March 24.—'What appeared to be a genuine reaction was touched off Saturday on the Stock Exchange after a week of irregularly rising prices. Sales Friday and Saturday set new records for full session and short session with 4.629.290 shares and 2.314.900 shares respectively. Professional bears were responsible for the irregularity that develoiied. The shot holes in several issues. Short selling in such stocks as National Cash Register A., Western Union, Woolworth, Simmons, Montgomery Ward, American Locomotive. and American Car and Foundry appeared to be justified by poor earnings prospects. The same reason was given for heavy unloading of Gillette, but many of the company’s plants are operating twenty-four hours a day. This, together with strong support of bankers. brought shorts to cover in th© issue and it advanced Saturday while the remainder of the list sold off. Values Go Up Before the Saturday selling wave, United States Steel. American Can. General Motors and a horde of other leaders had been carried to new tops for the year. Millions of dolars were added to the valuation of these issues. , The Stock Exchange announced that in February Stock Exchange values were enhanced 1.7 billions.

The outstanding event of tha week was a decline to 2 per cent in the official call money rate and to l l i per cent in the unofficial figure. This was the lowest in six years and stimulated Stock Exchange activity as well as buying in bonds. Late in the week temporary stringency brought call money, to 4% per cent where it closed the week. Outlook is for easier rates next week with a cut in the New York rediscount rate to 3 per cent during the past week. The Bank of England reduced its discount rate to 3*% per cent. Brokers’ loans here advanced $121,000,000, indicating greater public participation in the market. Sales Mount Sales for the week compared by days with last week were as follows: Day This week Last Week Monday 3.639,640 3,993,740 Tuesday 4,247,950 2,635,600 Wednesday 4,336,950 4,470,080 Thursday 4.262,830 3,853,480 Friday 4,629.290 3.950,930 Saturday 3,313,900 1,530.730 The Dow, Jones <fe Cos. industrial and utility averages rose to new 1930 peaks on several days before selling off Saturday. The week’s fluctuations in these figures was as follows: Industrial Railroad Utility Day Average. Average. Averags, Monday 274.27 151.63 99.38 up 4.01 up .27 up 1.00 Tuesday 577.27 154.26 100.76 up 3.01 up 2.63 up 1.40 Wednesday ... 277 88 155.27 101.0* up .61 up 1.01 up .37 Thursday 579.41 155.78 101.75 up 1.53 up .51 up .72 Friday 230.55 155.68 102.08 Up 1.14 Off .10 Up .33 Saturday 276,43 155.1! 100.22 off 4 12 oil .57 off 1.86 The net change for the week in thes* classes was: Industrial average, up 3.18; railroad average, up 3.75; utility average, up 1.86. CUTS THROAT IN GRAVE NORTH CHICAGO, 111., March 24. —William Luedke was recovering in the Lake County General hospital today after being dragged from a shallow grave by two boys. Despondent because of poverty, Luedke said he dug the grave, covered himself vith leaves and brush and slashed h>s throat. Twenty-seven hours later the boy§ found him alive and conscious.