Indianapolis Times, Volume 42, Number 260, Indianapolis, Marion County, 11 March 1931 — Page 14

PAGE 14

STOCKS RALLY AFTER EARLY PRICE DECLINES New York Central Cut in Dividend Rate Is Bear Factor.

Average Stock Prices

rt^ r .*.^. t of ,. thirl ?. Sndustr<al * f°r Moni up * ia - Average ol twenty ' .* M 105.36 up .o*. Average of twenty 72.12. up .68. Average of forty bonds was 96.67, oft .01 Hy United Press PTEW YORK, March 11.—Overcoming ill effects of a reduction from $8 to $6 in the annual dividend of New York Central railroad, the stock market was rallying in nearly all sections around noon today. The Central reduction came as a shock in some quarters where traders had come to the conclusion the regular quarterly dividend of $2 would be declared, despite the fact it was not earned. Bid Stock Up These traders bid the stock up to 119 1 i* before the directors meeting. When the announcement was flashed on the news tickers, selling sent the stock down to 115, where it was off 2% and anew low for the year. . Railroad and other shares promptly followed Central down. However, as the end of the second hour approached, the whole list improved. Central came back a point and the industrial list was carried up 1 to 5 points net. Coppers Weaken Utilities perked up; coppers failed to rise because of softness in the price of copper metal; oils firmed up after a decline based on quickening production of crude and a rise in gasoline stocks; special Lssues like Association Apparel and Eastman Kodak reacted. Consolidated Gas continued to lead the utility section, rising to 106’i, up IV*. Others of the group were up fractionally. Western Union sold off 2 points to 137 in the communications. ,

Bank Clearings

INDIANAPOLIS STATEMENT —March 11— Clearings $2,810,000.00 Debits $5,960,000.00 CHICAGO STATEMENT —March 11— Clearings $61,700,000.00 Balances 3,390.000.00 TREASURY STATEMENT —March 11Net balance for March 9 $97,051,994.94 Uxoendltrres $14,419,949.21 Customs rects. month to date 8.700,743.36

New York Curb Market

(By Thomson & McKinnon) —March 11— 11:30! 11:30 Am Com Pwr.. 16%!Midwest Ut ... 24% Am Gas & El., 80'. Mo Kan Pipe... 10% Ark Gas s%;Natlonal Inv ~ 6% Brazil Pw & Lt 26% Nla Hud Pwr... 15% Can Marc 3% Noranda 17% Cities Serv ... 18 Penroad 7% Cord 10% Salt Creek 6% Durant Mot .... 2VSeI Indus 4% Elec Bond Sh.. 57% Shenandoah .... 7 Ford of Can .. 28% Std of Ind .... 31T4 Ford of Eng. 17% Std of Ky .... 22 Fox Theater .. 4% ! Stutz 273** Goldman Sachs B%!Trans Air Trans 6 Gulf Oil 65% Un Gas (new).. 10% Hudson Bav ... 5% Un Lt & Pwr. 32V, Ind Terre A.. 16% Un Vcrdt ..... 12% Int Super 29% Ut Power 13 Int Pete 12%lVacuum Oil ... 57%

Investment Trust Shares

<Bv R. H. Gibson & Cos.) —March 11— TRICES ARE TO 1? NOON (C. S. TANARUS.) Bid. Ask. Amer Pounder's Corp com 4 7 / 8 S Amer & Gen Sec (A) 14 Amer Inv Trust Shares 5% 6*4 Basic Industry Shares 6% 7*4 Corporate Trust Shares 6 6% Cumulative Trust Shares 7% 8% Diversified Trustee Shares A.. 6 6% First American Corp 18% 19% fixed Trust Oil Shares 8% 87'a fixed Trust Shares A 5% 6 Inv Trust N Y 16% ... Leaders of Industry, Series A 7% 8% Nation-Wide Securities 8% ... National Industry Shares 7% 7 7 / No Amer Trust Shares... 6 6% Sel Amer Shares 5% 6*4 Shawmut Bnk Inv Trust 11 13 Universal Trust Shares 6% 6% S W Strauss Inv Units... 40 54 Super Corp of Am Tr Shares A 7% 774 Fundamental Trust Shares... 7Va 8 Fundamental Trust Shares... 7% 8 U S Elec Light and Pwr A. 32% 34%

New York Bank Stocks

(Bv Thomson & McKinnon) March 10— Bid. Ask. America . 67% 70'*2 Bankers 119% 122% Brooklyn Trust 540 550 Chase National 103 106 Chatham Phoenix National 83 86 Chemical 50 52 City National 101 104 Corn Exchange 126 130 Commercial 315 325 Continental 25 28 Empire 57 60 First National 4,100 4,300 Guaranty 545 550 Irving 39% 40% .Manhattan & Cos 91 94 Manufacturers 48% 50% New York Trust 185 190 Public 63'/* 66%

Net Changes

By United Press NEW YORK. March 10.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: . Up Off. Allied Chemical 150 .10 American Can 125% 1% ... Amer and Foreign Power.. 46% ... 1% Auburn 191 ... 2 Amer Telephone 197" 8 % ... Bethlehem Steel 64 ... V Byers 63% ... % Case 114 ... 3 Chrysler 24% . % Consolidated Gas 105 2*4 ... Electric Power 58 ... 7 a Pox Film iA* 32% ... 2‘a General Electric 52% ... % General Motors 44% ... % Gillette 30% % ... International Telephone ..36 ... > 8 Loews, Inc 57 ... 1% Montgomery Ward 28% ... % New York Central 117% ... % Pennsylvania 60% % ... Radio 24% % ... Radto-Keilh 21% % ... Standard Oil of New Jersey 45% ... % Transamerlca 15% ... % United Corporation 29% ... % United States Steel 146 ... % Vanadium 60% ... % Warner Brothers Pictures.. 12 ... % westtnghouse Electric .... 94% ... 2% Worthington Pump 91% ... 1% NEW YORK COFFEE RANGE —March lfiHigh. Low. Close. March 5.10 5.03 5.09 Mav 5.12 5.05 5.11 Julv 5.15 5.11 5.15 September 5.24 5.21 5.24 December 5.34 5.30 5.34 RAW SUGAR PRICES High. Low. Close. March 1.56 ... .... May 128 1.25 1.26 July 1.35 X. 34 1 34 September 1.43 1.40 1.40 December 1.50 1.48 1.48 Dividend Is Declared Ljf United. Frees PHILADELPHIA, March 11.—The directors of the Pennsylvania Company today declared a quarterly dividend of 17* per cent, payable March 20. on stock owned as of March 1.

New York Stocks <Bv Thomson At McKinnon) —————

—March II Prev. Railroad!— High. Low. 11 00. close. Atchison 192% 191 Vi 192% 192% Atl Coast Line 108% ... Belt <5; 0hi0... 80 79 % 80 79 Chesa & Ohio. 43 43% 43 43 Chesa Corn .... 47% 47 47% 47 Chi Grt West 6% Chi N West ... 38% CRI4 P 61 Del L & W 87% Del & Hudson 147 Erie 33 Erie Ut pfd 44% Great Northern 65 65% Gulf Mob Ac Oil 22% Illinois Central. 75% 74 74 76 Lou Ac Nash 101% MKAc T 22% 22% Mo Pacific 35 N Y Centra! 119% 118 118% 117% NY NH Ac H 91 Nor Pacific 54% Norfolk Ac West 206% 205% 205 % 205% Pere Mara ... 78 Pennsylvania . 60% 40% 60 s * 68% So Pacific . 103 102% 102% 103% Southern Ry ... ... 55 54 8t Paul 7 St Paul pfd 12 11% 12 11% St L At S F 4040 Texa3 Ac Pac .... 90 Union Pacific .198% 198 198 Union Pacific.. 198% 198 193 Wabash ... 18 W Maryland .... 16% 16% IG% 15% Equipments— Am Car Ac F&v 36 Am Locomotive. .. ... ... 27% Am Steel Fd 27% Am Air Brake 8 . . 35% Gen Am Tank.. 69% 69 69 69% General Elec 52% 52 52% 52% Gen Ry Signal . ... 81'% Press Stl Car ... 6 Pullman 55% 53 % 55% 55 Westlngh At li . ... 34% Westlnen Elec. 96 94 94% 94% Rubbers— Firestone . 17% Fisk % % % 7’ Goodrich is l ! 19% Goodyear 49% 48% 48% 48% Keily Sprgfld ... 2% 2 Vi 2Vi 2Vi Lee Rubber 4 4 U S Rubber 17*4 15% 17% 17 Motors— Auburn 194 187 192% 191 Chrysler 24% 23% 24% 24% Gardner j% Graham Paige ... . . 4% General Motors 44% 44% 44% 44 Vi Hudson 23 Hupp 11% 11% Mack 42 41% 41% 40% Nash 37% 37Vi 37% 38% Packard 10% Reo 8% 8% Studebaker 23% 23% 23% 23% Yellow Truck ... 13% 13% 13% 13% Motor Access— Bendix Aviation 22 Vi 22 22'% 22% Borg Warner 29 28% 28% 29 Briggs 20% 20 Vi 20% 20% Budd Wheel.. 12% 12 12% 12 Campbell V/v. 15 Eaton 20 % 20% 20% 20 El Storage B 63 Hayes Body.. 7% 7 7 7 Houda 9 Vi 9 9 9% Sparks-W 12% 12 12 12 Stewart Warner 21% 20% 20% 20% Timkln Roll 57'% 56% 56% 57 ■ Mining— Am Metals 21% Am Smelt 53 % 52 52 53% Am Zinc 7 7 Anaconda Cop... 39% 38% 38% 39% Cal & Hecla ...... ... 10 10'% Cal Ac Ariz 41% 41 Vi 41 Vi 41% Cerro de Pasco, 27 Dome Mines HVi 11% Freeport Texas. 38% 37'% 37% 37% Granby Corp ... 20% 20 20 20% Great Nor Ore 21% 21% Int Nickel 18 Vi 17% 17% 18% Inspiration .... 9% 9% 9% 10% Kennecott Cop.. 28% 28 28% 29% Magma Cos p 23 Nev Cons 13% 12% 12% 13% Texas Gul Sul.. 52% 52% 52% 52% U S melt 25% 24% 25 24 Oils— Amerada 18% 18% 18% 18% Am Republic .... 10 At! Refining... 19% 19% 19% 19% Barnsdall 12% 12% Houston 11% Indian Refining .. ... ... 3% Mex Seaboard... 16% 16% 16% 17 Mid Conti 13 13 Phillips 11% 11% 11% 11% Pr Oil & Gas 15Vi 15 15 15% Pure Oil 9 9% Richfield 4% 4% Royal Dutch 38 37% 37% 38Vi Shell Un 7% 7% Simms Pt 8 Sinclair 12% 13% 12% 13 Skelly 9% 9% Standard of Cai 45% 45% Standard of N J 45% 45'% 45% 45% Standard of NY 23 22'% 22% 23 Texas Cos 32 31% 31% 32 Union OH 22% 22% Steels— Am Roll Mills.. 28% 28% 28% 28% Bethlehem 64 Vi 63 V* 63% 64 Byers A M 63 61% 61% 63% Colo Fuel 29 Cruc Steel 59'% Inland 66 Ludlifm * 17% 17 Midland 29% 29 29 29i/ 8 Newton 19% 19% Repub I & 5... 21% 21% 21% 21'% U S Steel 146'4 144% 145% 146 aVnadtum 69% 68% 69% 69% Youngst S & W .. ... 26% 27 Tobaccos— Am Sumatra 8% 9% Am Tob Anew 118 117 117 118 Am Tob B new 120% 120% 120% 120 Con Cigars 36% General Cigar 44 Lig & Myers B. 88 Vi 88% 88% 88% Lorillard 17% Phil Morris U% Reynolds Tob... 49% 49% 49% 49% Tob Pr B 2% 2% United Cig 5% Utilities— Abitibl 11% 11% Adams Exp 22% 22% Am For Pwr... 47% 46% 46% 46% Am Pwr A; Li 88% 58 % A T Ac T 198 197% 197% 198% Col Gas Ac El. ... 43% 42% 42% 43% Com Ac 50u.... 11% 11% 11% 11% El Pwr &Li 58% 57% 57% 58 Gen Gas A 7% 7% 7% 7% Inti T & T 36% 36 36% 36 Natl Pwr & LI.. 42% 41% 41% 41% No Amer Cos .... 86Vs 85% 85% 86% Pac Gas Ac El.. 53% 53 53% 53% Pub Serv NJ. . 89% 89 89'% 89 So Cal Edison 53 Std G Ac E 1.... 86% 84% 86% 86 United Corp... 29% 28% 29 29% Ut Pwr & L A 30 30 West Union . ..139 135% 135% 139 Shipping— Am Inti Corp.... 23% 23% 23% 23% Am Ship Ac Com .. ... ... 1% Inti Mer M pfd .. 15% No Gm Lloyd 35 United Fruit ... 65% 66 Foods— Am Sugar .... 53 52% 52% 52% Armour A 3% Bbechnut Pkg 57 57 Cal Pkg 45 44% aCn Dry 37% 37 37 37% Childs Cos 33 Coca Cola 164 163% 164 164 Cont Baking A. .. ... ... 26% Corn Prod 84 83 83 83 Vi Crm Wheat 34 33% Cudahy Pkg 47 Cuban Am Sug 3% Ben Foods ..... 53% 53% 53% 53% rand Union 16% H>% Hershev 95% 95 95 96, Jewel Tea ... 53 53 Kroger 32% 31% 32 31% Nat Biscuit 80 % 30'/* 80% 80% Pillsburv 35 Vi 35 35 35 Vi Safeway St 58 57% 58 58 Std Brands .... 19% 19% 19% 19% Ward Bkg 6% Drugs— Coty Inc 15% 15 V 4 15% 16 Lambert Cos .... 84% 84% 84V4 84 Lehn & Fink 34

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis, 17c; henerv quality No. 1. 18c: No. 2. 12c. Poutrv * buving orlces)—Hens, weighing 5 lbs. or over. 17c: under 5 lbs., 16c; Leghorn hens. 11c; capons. 7% lbs. up. 28c; 6%-7% lbs.. 24c: under 6% lbs., 20c: springers. 5 lbs. or over. 17c; or under 5 lbs.. 17c: ducks, springers. 11c: old cocks. 9®ilc: ducks, full feather fat white 9c; geese. Bc. These prices are for No. 1 top duality quoted bv Klngan & Cos. Butter (wholesale) —No. 1, 30@31c; No. 2. 29® 30c. Butterfat—3oc. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf, 32c: Wisconsin firsts. 27c: Longhorns. 34c: New York Limberger. S6c. By United Press NEW YORK. March 11.—PotatoesMarket, quiet; Long Island, [email protected] barrel: Southern. $3.50®8 barrel; Maine. $2.75 @3.40 barrel; Idaho. [email protected] sack; Bermuda. s7@9 barrel: Canada. [email protected] barrel. Sweet potatoes—Market, auiet; Jersey. baskets. 75c®53.50: Southern baskets. $1.50w 2. Flour—Market, steady and unchanged; spring patents. [email protected]. Pork—Market, firm: mess, $26.50. Lard— Market, steady: middlewest spot, $9.30® 9.40. Tallow—Market, steady; special to extra. 3%@3%c. Dressed poultry—Market, quiet: turkeys. 25(tt43c: chickens. 25(<i38c: broilers. 30®50c: fowls. 14@2Sc; Long Island ducks. 22'*2® 24c Live poultry— Market, steady to firm; geese. ll@15c; ducks. 15(d23c; fowls. 20524 c; turkeys. 28 @4oc; roosters. 14016 c: chickens. 19**i29c; capons. 21 Cos 42c: broilers. 32®40c. Cheese —Market, steady; state whole milk, fancy to specials. 16@22%c; young America, 16 @2oc. By United Press CHICAGO. March 11.—Eggs—Market, firm; receipts. 20,059 cases: extra firsts, 21 %c; firsts. 19%@20%c; ordinaries. 18%@ 19c; seconds. 17%c. Butter—Market, firm: receipts. 4.682 tubs: extras. 29c; extra firsts. 28®28%c; firsts, 26@27c; seconds. 24%@25c; standards. 29c. Poultry— Market, steadv to strong: receipts. 2 cars; fowls. 22*i* 2*c; springers, 26c; Leghorns. 20c; ducks. 23c; geese, 14c; turkeys. 25c; roosters. 15c. Cheese—Twins, 14@14%c: young Americas. 16'i@16%c. Potatoes — On track. 279; arrivals. 112; shipments. 841; market, steady- Wisconsin sacked round whites. $1.3001.45; Minnesota round whites, $1.200.1.30: Idaho russets, $1.50® 1.60; Colorado McClures, fancy, $1.70® By United Press CINCINNATI. 0.. March ll.—ButterSteady; ersamery in tub lots, according to score. 27 ft. 29c; common score discounted, 2®3c: packing stock No. 1,22 c: No. 2. 18c; No. 3, 12%c: butter fat, 25®27c. Eggs— Steady; cas?s included: extra firsts. 21* jc; seconds, lac; nearby ungraded. 21c; duck eggs. 26c; goose eggs sl. Live PoultryThin and coarse stock sell only at heavy discount: Fowls 5 lbs. and over. 20c: 4 lbs. and over, 21c; S lbs. and over. 21c; Leghorns 3 lbs. and over. 19c; roosters. 13c; capons. 8 lbs. and dver. 32c; under 8 lbs.. 28c; slips. 32c; over 2 lbs.. 85c; Leghorn and Orpington fryers over 2 lbs.. 23c; fryers colored over 3 lbs.. 34c; over 2 lbs., 35c; broilers new crop full feathered 1% lbs. and over, 40c; partly feathered. 28® 31c; Leghorn broilers full feathered 1% lbs and over. 330 35c. roasting chickens. 4 lbs. and oval 26c: black springers, 16c.

Industrials— Am Radiator... 20% 20% 20% 20% Bush Term 27% Certalnteed 3% 3% 3% 3% Oen Asphalt 37% 38 Lehigh Port 18 17% Otis Elev 54% 54 54% 55 Indus t hem*— Allied Chem ....152% 149% 150% 150 Com Solv • ... 19V* 20% Union Carb .. 67V, 66V* 67 67% U 8 Ind AICO ... 72 71 71 72 Retail Stores— Assoc Dry Gds 26V* Gimbel Bros B‘* BV* Kresge S S 27 % May D Store 37 % Mont Ward .... 26% 25% 26% 26', Penny J C 37 Schufte Ret Si. .. ... 5% 5% Sears Roe 59% 58% 57% 59V* Woolworth .... 61V* 60 % 61% 61 Amusements— Col Graph 14 Vi 13 % 14 13 % Croslev Radio 71* Eastman Kod .171V* 170*4 1 70% 172% Fox Film A. ... 32% 32V4 32V* 32% Grigsby Grunow. 6% 6% 6% 6\ Loews Inc 58 57 57% 57 Param Pam .... 44Vi 44 44% 43% Radio Corp 23% 23 23% 24% RK 0 22 21% 22 21% Schubert 8 Warner Bros 13V4 12 12% 12 Miscellaneous— Airwav App 3 Congoleum 10 Amer Can 126'* 324 Vi 125 125% Cont Can 57 s * 56% 57% 58% Curtiss Wr 5% 5% 5% 5% Gillette SR ~ 33 32Vi 32% 30% Real Silk 26% 27 Un Aircraft 36% 34% 36% 35% Int Harv 51 56% 56% 56% SENATE STAND HIT Failure to Pass Drainage Measure Charged to Lawyers. Senate defeat of the bill to recodify the state drainage laws was attributed today to “interested lawyers who would lose 50 per cent of the fat fees they now are collecting from farmers,” by Representative George M. Fries <Dem., Fayette and franklin). Fries was one of the members who introduced the bill in the house over objections of Representative Delph L. McKesson (Marshall), Democratic floor leader. Fries is a tile manufacturer at Connersville and took violent exception to charge of Senator Earl Rowley (Rep., Laporte and Starke) that “McKesson was offered a bribe by the tile manufacturers to introduce this bill.” “Rowley is an attorney and is interested in retaining the vicious fees now levied in the ditch business,” Fries declared. “I know that it is untrue that the tile manufacturers offered any money to get this measure passed.”

Dow-Jones Summary

Adams-Millis Corporation February shipments were $520,193 against $528,528 in February. 1930: two months $1,103,995 against $1,147,009. February output of electricity bv Associated Gas and Electric system totaled 262.942.783 kwh., an increase of 23,841,748 over February, 1930. New York cables opened at 4.85 27-7.2 against 4.85 25-32; Paris checks, 124.12; Amsterdam. 18.117; Italy, 92.735; Berlin, 20.397. Radio Corporation of American in 1930 earned 2 cents a share on 13,160,750 common shares against $1.58 a share on 6,580,375 shares in 1929. Pie Bakeries of American, Inc., and subsidiaries for period Dec. 31, 1929, to Dec. 27, 1930, net profit $409,354 after interest. depreciation and federal taxes. Borg-Warner Corporation and subsidiaries 1930 net $1.66 a common share against $6.03 in 1929. Glen Alden Coal declared $1 quarterly dividend, reducing annual rate to $4 from SB. John R. Thompson Company declared 50 cents quarterly dividend, reducing annual rate to $2 from $3. Sterling cables opened 4.85 27-32; francs, 3.91 5-16. off V,; marks. 28.81%, off Spain. 10.97. up 1. American Salamandra Corporation declared regular quarterly dividend of 50 cents, payable April 1. record March 20. During week ended Starch 7 Illinois Central handled 32,136 revenue cars against 42.157 like week 1930 and Chicago & Northwestern 28,121 against 33.743. \ LONDON—Bar silver 13 15-16d, up 3-16d: forward. 13%d. up 3-16d; gold bars. 84s 11 %and. Stockholders Grigsby-Grunow Company approved merger with Majestic Household Utilities Corporation and issues of $5,000.000 of 6 per cent bonds. Goulds Pumps. Inc., declared $1 quarterly comon dividend reducing annual rate to $4 from SB. National Licorice Company declared regular quarterly dividend of $1.50 on preferred. payable March 31, record March 23. Aeolian Company declared regular quarterly dividend of $7.75 on preferred, payable March 31, record March 20. During week ended March 7 Wabash system handled 15,756 revenue cars against 15,062 previous week and 18,854 year ago. American Smelting reduces refined lead ten points so 4.50 cents a pound. General cable reduces bare copper wire price to 12 cents from 12% cents a pound. Carnegie Steel Company has opened books for se. and quarterly at 1.65 cents Pittsburgh on plates shapes and bars. This price is the same as applied through the first quarter. * MIDDLE WEST UTILITIES EARNINGS SHOW GAIN Increase of 21.3 Per Cent Made Over Preceding Period. Total earnings of Middle West Utilities Company for the year ended Dec. 31, 1930, were $31,506,573, compared with $25,965,815 in 1929, an increase of 21.3 per cent. Surplus earnings, after payment of preferred dividends and administration expenses, were $23 106,878, or the equivalent of $1.55 per share on the 14,519,731 common shares outstanding at the end of the year. This compares with $15,843,068, or sl.lß per share for the year 1929 on the 13,447,630 shares outstanding at the end of that year. Computed on the basis of the average number of shares outstanding during the year, earnings in 1930 were $1.65 per common snare on an average of 13.979,241 shares. The subsidiary gross earnings from all sources were $182,213,975. an increase of $19,876,701, or 12.2 per cent. Subsidiaries’ net earnings were $72,598,104. an increase of 14.7 per cent.

Dark Times By United Press BOW, N. H„ March 11.— Bow, a town of about 600 persons, took a “back to nature” step today for economy's sake. At the annual town meeting, it was voted, 55 to 50, to discontinue for a year operation of the community’s 110 street lights, thus saving approximately $2,000.

THE INDIANAPOLIS TIMES .

PORKERS SELL OFF 20 GENTS AT CITY YARDS Steer Prices Down Quarter in Cattle Trade; She Stock Steady. HOGS Mar. Bulk. Early Top, Receipts. 4. 7.25® 7.75 $7.75 3.500 5 7.254 V 7.60 7.65 4.000 6 7.50@ 7.85 7.85 3.000 7. 7.50® 8.00 8.00 1,000 9. 7.75® 8.50 8.50 2.500 10. 7.75® 8.50 8.50 5.000 U. 7.95*8 8.30 8.30 6,500 Hogs were mostly 20 cents lower today at the Union Stockyards on weights over 160 pounds. Underweights were little changed. The bulk. 140 to 300 pounds, sold for $7.95 to $8.30, the latter figure holding as early top. Receipts were 6,500; holdovers, 69. * In the cattle market steers were steady to 25 cents lower. She stock showed little change. Receipts were 1,400. Vealers were $1 lower, selling at $10.50 down. Calf receipts were 600. Lambs sold 25 to 50 cents higher than Tuesday’s prices, good and choice kigfds bringing $8.50 to $9.50. Receipts were 600. Chicago hog receipts were 19,000, including 3,500 direct. Holdovers were 5,000. Market action held slow. Few early sales on weights below 210 pounds 10 to 25 cents lower than Tuesday’s average. Bidding fully 25 cents lower on heavier weights. Few early sales, 170 to 210 pounds, $8 to $8.25. Cattle receipts, 8.500; calves, 2,000; steady to 25 cents down. Sheep, 10,000; 25 cents higher. noGS Receipt*, 6,500; market, higher. .... „ —Light Lights—-(l4o-160) Good and chocie... $ 7.75*8 785 „„„ , „ -Light Weights—-(l6o-180) Good and choice... 8.20 (180-200) Good and choice... 830 .... —Medium Weights—-(2oo-220) Good and choice... 8.30 (220-250) Medium and good 8.15® 8.25 .... .... ..—Heavy Weights—-(2ao-280) Medium and choice. 7.95(8 8.15 (290-350) Good and choice... 7.70(8 7.95 . „ ' —Packing Sows—-(27s-500 Medium and g00d... 5.75® 6.75 (110-130) Slaughter pigs 7.25® 7.50 CATTLE (Slaughter Class) Receipts, 7.000; market, steady. Good and choice $ [email protected] Common and medium 5.50*8 8.50 _ . J (1,100-1.500) Good and choice 8.25® 10.50 Medium 5.50® 8.25 —Heifers— Good and choice 7.50® 9.50 Common and medium 4.50® 7.50 Common and medium 5.00® 6.00 Good and choose 4.00@ 5.00 Low cutters and cutters 2.75® 4.00 _ , —Bulls (yearlings excluded) Good ana choice beef 4.25@ 5.25 Common and medium 3.00® 4.25 CALVES AND VEALERS Receipts, 600; market, higher. Good and choice $ 9.50® 10.50 Medium 7.50® 9.50 Cull and common 5.00® 7.50 —Calves—- „ J . (250-300) Good and choice 5.00® 8.00 Common and medium 3.00® 5.00 STOCKERS AND FEEDER STEERS Good and choice 5.50® 7.75 Common and medium 4.25® 5.50 „ , , (800-1.500) Good and choice 5.50® 7.75 Common and medium 1.25® 5.50 SHEEP AND LAMBS Receipts, 600; market, steady. Good and choice $ 8.50® 9.50 ■Common and medium 7.00® 8.50 —Ewes— Medium and choice 3.00® 4.50 Cull and common 1.50® 3.00 Other Livestock By United Press CHICAGO. March 11.—Hogs—Receipts, 19.000; including 3,500 direct: uneven, lightweights. weak to 25c lower: heavies. 25® 35c lower: early tOD, $8.25; bulk. 140-220 lbs.. [email protected]; 240-340 lbs., $6.90(87.85; pigs, $7.50@8: packing sows. $6.35®6.60; ight lights. 140-160 lbs., good and choice, sß® 8.25: light weight. 160-200-lbs., good and choice. sß® 8.25; medium weights. 200-250 lbs., good and choice. [email protected]; heavy weights, 250-350 lbs., good and choice, 56.90®7.65; packing sows, 275-500 lbs., medium and choice, $6.25®6.75; slaughter pigs. 100-130 lbs., good and choice, $7.50 ®B. Cattle —Receipts. 8,500; calves. 2,000; steer trade steady; mostly early business on shipper account: fairly liberal supply sold but bulk of run still unsold with some sentiment suggesting lower prices: early top yearlings. $11; best heavies. $10.60; smoe held around, $11; bulk. [email protected]; active market on she stock, 25c higher. Slaughter cattle and vealers—Steers. 600900 lbs., good and choice, $8.75®11.25; 9001100 lbs., good and choice. $8.75®11.50; 1100-1300 lbs., good and choice, 59®11.25; 1300-1500 lbs., good and choice. s9® 11.50; 600-1300 lbs., common and medium, $6.25® 9: heifers. 550-850 lbs., good and choice. $7.50®9.75: common and medium, $5.75®8; cows, good and choice. $5®6.50; common and medium, s4@s: low cutter and cutter. s3®4; bulls, yearlings excluded, good and choice beef, $4.25®5.75: cutter to medium. [email protected]; vealers. milk fed. good and choice. [email protected]: medium. s6®7; cull and common. $4.50®6. Stocker and feeder cattle—Steers. 500-1050 lbs., good and choice, [email protected]: common and medium. ss@7. Sheep—Receipts. 10,000: fat lambs, steady to a shade higher: other classes about steady: few choice medium weight lambs early. 59.25®9.40 to outsiders; packers bidding $9 down. Slaughter sheep and lambs —Lambs 90 lbs. down, good and choice, $8.75®9.40; medium, $7.75**7 8.75: 91-100 lbs., medium to choice, [email protected]; all weights common. $6.25®7.75: ewes. 90-150 lbs., medium to choice. $7.50® 9.25; all weights, common, $6.25®7.75; ewes, 90-150 lbs., medium to choice. $3.50®5: all weights, cull and common. s2®4. Feeding lambs—Feeding lambs. 50-75 lbs., good and choice, $7.65®8.25. By United Press CINCINNATI, March 11— Hogs Receipts, 3,700; heldover none; moderately active, mostly 15c lower: better grade, 160-240-lb. averages, [email protected]; mostly $8.40 on 230 lbs. down; some 160-280 *bs., sß® 8.15; light lights. 25®50c lower; mostly $7.50@7 75 ou 120-150 lbs.; few best strong weights to packers upward to $8; sows mostly $6. Cattle—Receipts, 150; fairly active, generally steady; common and medium steers and heifers, [email protected]; few more desirable kinds upward to $8.50; most beef cows. $4.5005.50; low cutters and cutter cows, $2.75@4: bulls strong; spots 25c higher; top, $5; vealers steady; (rood and choice, s9@slo; lower grades, $8.50 down. Sheep—Receipts, 100: nominally steady; better grade handy weight lambs quotable 58.50@9; fat ewes. [email protected]. By United Press CLEVELAND, March 11.—Hogs—Receipts, 2.400; holdover, none; steady to 15c lower; top on 160-210-lb. weights. $8.60; around 230-lb. average. $8.40; 260-308 lbs., SB.BO ®8.25; pigs. $8.80: rough sows, $6.25; stags, $4.25. Cattle —Receipts. 450; fairly active; steady at week’s advance: largely common steers at [email protected]: fat cows quoted. $4.50 rd 5.50: choice up to $6.25; cutter grades, $3.25®4.25 mostly. Calves—Receipts, 800; vealers active, strong to 50c higher again; better grades, [email protected]; top, sl2; cull to medium, s3@lo or above. Sheep—Receipts, 900: more active: steady to strong: 25c higher or around $8.75 on best clipped lambs: bulk. $8.50 down: Woolskins relatively scarce; sheep, firm. By United Press EAST ST. LOUIS, HI.. March 11.—Hogs —Receipts. 11,000; market, fairly active, mostly 10c higher; bulk, 140-250 lbs.. sß® 8.20; top. $8.25; 300 lbs.; $7.75; 100-140 lbs., [email protected]; sows. $6.25®6.50. Cattle— Receipts, 3.500; calves, receipts. 1,500; market, packers bidding lower on steers; vealers steadv to 25c higher at $10.50® 10.75; other classes steady; a few steers steady to 25c lower at $7®9.40. Sheep Receipts. 800: receipts largely direct; market strong: small lots to city butchers up to $9.50; few wooled lambs to packers, $8.75; clipped lambs. $8.75; common throwouts, $6.50@7. By United Press PITTSBURGH. March 11.—Hogs Receipts. 1,500; market steady; 140-220 lbs., s9® 9.25; 220-240 lbs., $8.75®9: 260-320 lbs., 58.40®8.65; good packing sows around $7. i cattle —Receipts. 10; market, nominally steadv: medium to good bulls. $4.50®5.25. Calves—Receipts. 150; market, nominally steady; better grade vealers. [email protected]. Sheep—Receipts. 50; market unchanged: choice grade lambs. $9 downward: choicq wooled up to $9.75. By United Press TOLEDO. March 11.—Hogs—Receipts. 350; market. 10 to 25c lower; heavies, s7® 7.50; mediums 57.75@8; yorkers. $7.50® 7 75- pigs, [email protected]. Cattle—Receipts. 40; market, steady. Calves—Receipts, light; market steady. Sheep—Receipts, light: market, steady. By United Press EAST BUFFALO. N. Y.. March 11.— Hogs—On sale. 1,800. active, steady to strong: bulk desirable. 120-240 lbs.. $9; few, $9.10; mixed offerings. $8.7508.90: 280 lbs., $8.25; few plain quality. 220-290 lbs., $7.90. CaCttle —Receipts. 125: mostly cows: unchanged; cutter grades, $2.50®4; calves, receipts. 200; vealers firm; good to choice, mostly $11; common and medium. 55.50@9. Sheep—Receipts, 600; lambs, strong to 15c higher; choice woolskins, $9.60; medium, $8.50; shorn lambs, $8.85.

Indianapolis Stocks

—March 11— Bid. Aik. American Central LI Inc Cos.. 1,000 Belt RR & B Yrds Cos com.. 41% 44% Belt R R Yds Cos pfd 51 5 Bobbs-Merrlll Cos 29% .... ♦Central Indiana Pw Cos pfd., 79% 84% Circle Theater Cos com 7s ... 98 Citizens Gas Cos com 10s 25 Citizens Gas Cos pfd 5s 98 •Commonwealth In Cos pfd 75.. 97 102 Commonwealth In Cos pfd ...100 Equitable Securities 25 Hook Drue Cos com Indiana Hotel Cos Clan! c0m..105 Indiana Botel Cos pfd 6s 100 Indpls Gas Cos com 6s 57 61 •Indpls Pwr Lt & Cos pfd 6%5.104% 105% Indpls P Welf L Assn com 8s 50 Indpls Water Cos pfd 5s ....102 104 •Inter Pun Ser Cos pr H pfd 6s 85 90 •Inter Pu Sr pr pfd 7s 100 102% •Metro Loan Cos 8s 109 N Ind Pub Serv Cos pfd 5%5.. 90 94 North Ind Pub Serv Cos pfd 6s 100 102 North Ind Pub Ser Cos pfd 75.110 Prog Laundry Cos com 31 E Rauh & Son Fertil Cos pfd 6s 47 •Terre Haute Lt & Pwr pfd... 75 ... Union Title Cos com 5s 22 Van Camp Prod Cos Ist pfd 7s ... 93 Van Camp Prod Cos 2d pfd 8s .. 93 Auburn Automobile Cos com... 189 191 Backstay Welt Cos com 14 15 Ind Pipe Line Cos 19% 21 Link Belt Cos com 29% 31% Lynch Glass Machine Cos com. 17% 19% Mead Johnson & Cos com 108% 110% N Y Central Railroad Cos ....114% 116% Noblltt Sparks Industrial Inc. 45% 474* Perfect Circle CO com 35% 36 Real Silk Hosiery Mills Inc Cos 24 26 Ross Gear & Tool Cos 25 27 Standard Oil Cos (Indiana)... 31% ... Studebaker Corporation 22% 24% •Ex-dividends. Bonds Belt R R & Stk Yds Cos 45.. 93 Broad Ripple Trac Cent Ind Gas Cos 5s 99 Citizens Street Railroads 5s .. 23 27 Home T 4: T of Ft Wayne 6s. 102% ... Ind Railway & Light Cos 55.. 95 97 Indpls Pwr & Lt Cos 102 Indianapolis Gas Cos 5s 101 Indpls & Martlnsv Ra Hr Cos 5s 15 Indpls & Northw Trac Cos ss. 42% ... Indpls St Ry 4s 16 Indpls Trac & Term Cos 55.... 43 Indpls Union Ry 100 Indpls Water 5s 99 Indpls Water Cos 5%s 103 104% Indpls Wa Cos Ist lien & Ref 5s 99 Indpls Water Cos 4%s 96 Indpls Water Works Sec Cos ss. 100 102 Interst Pub Serv Cos 4‘/*s 92 No Ind Pub Serv 5s 102% ... Interst Pub Serv Cos 6%s ....102 No Ind Pub Serv 5s 99 No Ind Teleph Cos 6s 99 100

WATCH LOAN CHECKS Business Men and Banks Warned by U. S. Agent. Warning to business men and; banks against cashing veterans’ checks on adjusted compensation certificates without proper identification, was issued today by Charles Mazey, federal secret service agent. “In view of the thousands of checks being issued, many of them will go astray and get into hands of the wrong persons,” Mazey declared. Careful watch for persons who fraudulently obtain loans and cash checks on them is being maintained by secret service agents. Since passage of the bonus law in 1927, hundreds of such cases have come to the department’s attention,” Mazey declared. Responsibility for “making good” checks paid to the wrong persons will fall upon the one cashing the check, Mazey said. Births Boys Charles and Helen Ettinger, 912 North Chester. Merrill and Lily Guild, Coleman hospital. Floyd and Clara Hedge, Coleman hospital. Enoch and Dorothy Skalandzunos, Coleman hospital. Joseph and Lillian Smock, Coleman hospital. John and Margaret Kennedy. 5354 Winthrop. Ralph and Syrena Quinlan, 634 South Meridian. Louis and Marie Lazaroplum. 726 North Illinois. Duane and Ruth Adams St. Vincent’s hospital. Roscoe and Helen Moore, St. Vincent’s hospital. Girls Ralph and Mildred Byrum. 16 South Harrisk. Ben and Roberta Smith, 1436 Martindale. August and Julia Powell, 710 North Holmes. Homer and Edna Goodin, 1210 Union. Arthur and Leone Wessen, St. Vincent’s hospital. Twins Adam and Alberta Hollis. 2474 Bond, boys. Building Permits Union depot, repair elevator, McCray and Jackson, $250. E. T. Marbarger & Son. elevator, 181 North Meridian. S6OO. Holliday building, elevator, southwest corner Missouri and Georgia. $2,000. A. E. Curtis, storeroom, 3226 West Washington. SBOO. Federal Electric Company, sign, 12 West Market, $350. Federal Electric Company, sign, 14 North Pennsylvania. $350. Dividend Rate Cut By United Press NEW YORK, March 11.—Reduction of the New York Central dividend rate of $6 annually from $8 was made by directors today when they declared a quarterly dividend of $1.50 a share, payable May 1 to stock of record March 27.

AMUSEMENTS i&'Vßtgp&Ufl \tvair . 1 iMcCOHR&^i IN PE * S £a *>■ 1 *•• “11-rQ RKO IS 6 B **°®?ii| IssSl Chic Myers and His Recording Orchestra Tonight Is Theatrical Night— FRIDAY and SATURDAY Curly Brooks Presents—"FAST STEPPERS OF 1931” 14 Pec-pie AII Creole Review 14 Convert charge. Wed. 50c: Fri. 75e; Sat. $1 Special St. Patrick’s Dance Tuesday

We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAISER 801 Fletcher American Building 129 E. Market St.

FUTURES DROP ON SCATTERED SALES WAVES Corn Shows Some Evidence of Strength; Oats Irregular. By United Press CHICAGO, March 11.—Scattered selling on the easiness in foreign markets dropped deferred wheat prices as the Board of Trade opened today. Liverpool was dull and weak and Winnipeg was easy. There was little support at the start with trade quite light. Corn was uneven, the nearby months following wheat downward but the distant futures meeting some buying that kept them firm. Oats about steady with buyers again taking May. At the opening old wheat was H cent lower, new wheat was % to % cent down, corn was % cent lower to % cent higher and oats were unchanged to % cent off. Provisions were steady and slow. Liverpool Opens Off Liverpool opened lower as expected but continued to decline and was off % to 1 cent by mid-after-noon. Lack of demand with the farm board selling and weakness in Argentine offers were depressing. Buenos Aires was off % cent just before noon. The fact that wheat continues to hold firm in the face of the bearish situation in North America and the southern hemisphere is impressive. Few traders look for a major price movement. In Chicago the present inclination is to wait for active buying abroad. Foreign advices indicate wheat is needed, but buyers are looking for further competition and taking grain on a hand to mouth basis. Corn Improving Evidence of an improved sentiment are seen in the corn pit, from time to time. A better foreign demand for wheat would remove some of the nervousness of the corn trade by eliminating the possibilities of a break in wheat. Receipts are running light and the cash demand is absorbing all that arrives. Locals are inclined to sell oats when com weakens. Cash interests take tbe current delivery on weak spots, but there is little incentive to press either buying or selling.

Chicago Grain Table WHEAT- “ MarCh U ~ Prev . High. Low. 11:00 close. July 64 . 63% .63% .63% September ... .63% .63% .63%. .63% May 64% .63% .63% .64% July 66% 66% .66% .66% September ... .66% .66% .66% .66V* OATS — May 31% .31% .31% .31% July 32% .32% September 32% .32% May 40 .39% .40.40% LARD— /2 May 9.85 9.97 July 9.10 9.13 Deaths CTiioe Roney, 38, city hospital, lobar pneumonia. Anne Pilz. 29. 207 East Twenty-first lobar pneumonia. , Cynthia Fannie Watson. 80. 414 Dorman, chronic myocarditis. Fred C. Rust. 64. Methodist hospital, arteriosclerosis. Ernest E. King. 29. city hospital, lobar pneumonia. George Renlck. 59. Central Indiana hospital. general paralysis. Charles F. Meyer. 78. 4320 Washington Blvd.. acute dilatation of heart. Thornton Spillman, 22, city hospital, general peritonitis. Harry Kinnebrew. 3. city hospital, acute myocarditis. Louise Kipskind. 32. Central Indiana hospital. pulmonary tuberculosis. Morris Higgins. 73. 2158 South Pennsylvania. arteriosclerosis. Harry Miller. 64. 917 North California, apoplexy. Catherine Derbyshire. 54, 1006 Blaine, acute dilatation of heart. Clarence Davis, 60. Methodist hospital, pulmonary oedema. Sarah E. Hunt. 84, 1410 College, broncho pneumonia. Lelon Ray Gray, 24, city hosptial, acute appendictis. Anna M. Hervey. 89. 1019 Oaklanc, chronic bronchitis. James William Wetherbv. 58. St. Vincent’s hospital, acute streptococcic Infection. George Webb. 54, city hospital, acute nephritis. Henry Smith. 34, 634 West North; lobar pneumonia. Ellen Ellington, 55, 2416 Indianapolis, cerebral hemorrhage. Mary E. Ray, 42, 1553 Hoefgen, carcinoma.

2 Sir, -VINN and HATTIE- .Vii | ' \ \%j|| Paramount Picture With . . PAUL LUKAS >uave, handsome lover Jsc ISO LONG-JIMMY! f till It. ffl. I Liet's Make His Final | Week a Glorious One! fT% 'PjHiiii Wfi ' hi * * arewe!l show featuring i SID MARION—The ON-WAH Troupe i j ED RESENER OVERTURE I avs v DON'T TlllNK A MORE • l/H ASu W OP MISSING IT fffPl If • jf[ £g£e| Shh ""HI ITT?in AV’ The Motion Picture lijgaKHßM rmuAl, Sensation of 1931! Un __J jß' Srßy r °y Ktittr ' r ■hr mR k 888 l / ■ \ V'JT Paramount’* araai- Wt" J Ing melodrama of \ m/ BkSW j ‘b* jU "* le Jl *• ,<£ -Jr & ' ,/>JI

The City in Brief

THURSDAY EVENTS Advertising Club of Indianapolis, luncheon. Columbia Club. Sigma No, luncheon, Lincoln. I _ American Business Club, luncheon, ! Columbia Club. i Indianapolis Engineering Society luncheon. Board of Trade. Shrine Caravan Club, luncheon, Murat temple. Sigma Chi, luncheon. Board of Trade. Harry S. Kissell, National Association of Real Estate Boards presij dent, will speak on “Real Estate Consolidating; Its Position as Safest Investment.” before the Indianap- | olis Real Etate Board at a luncheon Thursday at the Indianapolis Athj letic Club. Advertising Club of Indianapolis i members Rill hear Walter Tyrell, Chicago, General Outdoor Advertising Company representative, at their luncheon Thursday at the Columbia Club. Election of officers, following an address by Fermor S. Cannon, president of the Railroadmen's Building j and Savings Association, will bring I to a close the thirty-fifth annual | convention of Indiana Association : of Master Plumbers, Inc., today at ; the Claypool. Professor Clyde W. Mason of Cori nell university will address the Indiana section of the American Chemical Society on “Chemical Microscopy and Its Applications,” Friday night at the Chamber of Commerce. A* W. Kimball of Chicago, representative of the Lehigh Portland Cement Company, spoke on the importance of stabilizing the American dollar, at a meeting of the Universal Club Tuesday at the Columbia Club. Delegates from Indiana. Ohio, Illinois, Michigan, Kentucky and Wisconsin will meet in the Irvington M. E. church, May 4, 5 and 6 for the second annual interdenominational regional coaching institute and missionary education meeting, it was decided today. In the Air Weather conditions in the air at 9 a. m.: Northwest wind 11 miles an hour; barometric pressure, 30.16 at sea level; ceiling, 5,000 feet; visibility, four miles; field, good. Arrivals and Departures Mars Hill Airport—Curtiss-Wright visitors included W. L. Tracy, Toledo to St. Louis, Travel Air, overnight; Embry-Riddle passengers to Cincinnati included R. M. McConnell of Chicago. Municipal Airport—W. R. Drayton, from Indianapolis to St. Louis, Waco; T. A. T. passengers, westbound, included Robert Dupreee of Brooklyn, N. Y.: passengers eastbound included Frederick D. Huntington of the Real Silk Hosiery Mills and M. L. Yuester and Edward T. Scanlon of Columbus, O. Everson Visits City En route to Washington after an extensive inspection trip of national guard units, Major-General William G. Emerson, United States militia bureau head, was a visitor at Stout field, Mars Hill airport, Tuesday. Major Richard F. Taylor of the One hundred thirteenth observation squadron, was to fly Everson to Washington today.

Local Wagon Wheat

City grain elevators are paying 65c for' No. 1 red wheat and 64c for No. 1 hard wheat. Chicago Stocks Opening (Bv James Hamill & Cos.) —March 11— Bendix Avia... 22%|Ins 63 1940 91% Borg Warner... 29 ILynch Glass..., 18% Cent So West.. 24 'Maj Househld... 6% Cord Corpn.... 10% I Midi United com 20% Cont Ch Cp com 9% Middlew corn.,.. 24% Con Ch Cp pfd 38 I Nat Sec c0m.... 7 Cent Pub Serv. 19 [Nat Pw & Lt... 68 Chgo Sec 20% Nor &So Ar-.cr 9% Grigsbv Grunow 6% Noblitt Sparks . 45% Houdi A 17%!Swift & Com... 29% Houdi B 9%!U S Radio & Tel 31 Elec Household 26'/3|Utll & Ind com 9 Insull C0m.... 47%!Util & Ind pfd. 19%

MOTION PICTURES

.MARCH 11. 1931

I REPORT SHOWS OVERSUPPLY OF FARM WORKERS Unemployment in Cities Is Given as Reason for Surplus. BY HERBERT LITTLE United Press Stall Correspondent WASHINGTON, March 11.—The ■ spring planting season opens with a prospective oversupply of farm la- | bor. according to the government, i crop reporting service in a state--1 ment today. There are 164 men available as hired hands for each 100 jobs, the survey revealed—4B per cent higher in oversupply than a year ago, though slightly les6 than last month. This condition is regarded by government economists as due in part at least to unemployment in cities driving men to hunt work on the farm. Economists expect a further decline in the oversupplv as the spring progresses, but the surplus is such that low farm labor wages this year are deemed certain. A recent survey of farm population trends during the depression disclosed for the first time an increase in farm population, which was tredited to unemployment in industrial centers. Wait for New Crop James C. Stone, new chairman of the farm board, announced that no further purchases of wheat or cotton would be undertaken until the new crops were in. Apropos of the spring planting. Stone said the reports from all over the country indicate an increasing interest in wheat acreage reduction efforts of the board. These efforts were started in an attempt to cut down the surplus which drives down prices. Stone said he proposed to emphasize the work of the board in this direction. An encouraging feature in the com price prospect was seen in the crop board’s survey of the quality of the carryover crop. Due to the drought, the merchantable quality of the 1930 com crop was set at 78.5 per cent. Outside of the drought areas, however, the quality was high. Corn Stocks Low The stocks of corn on farms was placed at 709,246,000 bushels, the lowest for any March 1 since 1902. again due to the drought. This is 34.1 per cent of the entire crop. 160,282,000 bushels, compared with a five-year average of 124,977,000 bushels. This is 18.8 per cent of the total crop, the highest percentage left on farms since 1921. This condition is a reflection of the recent low prices for wheat. Stocks of oats on farms were estimated at 464,329,000 bushels, compared with a five-year average of 480,496,000 bushels. Other Livestock By United Press LOUISVILLE, March 11.—Hogs—Re ceipts, 800; market, uneven; 250 Ids. up, $7.75; 175-1250 lbs., $8.10; 130-175 lbs., $7.40; 130 lbs. down, $6.75; roughs, $5.25® 6.25; stags, $4.50. Cattle—Receipts, 200: market, steady; prime heavy steers. sß® 8.50: heavy shipping steers, $6.50®7.50 medium and plain steers, [email protected]; fat heifers, $6®8.50; common to medium heifers, ss@6; good to choice cows, $4.50®. 5; medium to good cows, [email protected]; cutters. [email protected]; canners, $2.50®3; bulls. $3.50@5; feeders, s6@7; medium to good feeders, ss@6; Stockers, $4.50@6; calf receipts. 200; market, 50c higher; good to choice, sß@9; mediums, [email protected]; common to medium, [email protected]. Sheep—Receipts, 50; market, steady; ewe and wether lambs, $8.50; buck lambs, $7.50; seconds, $5.50 down; clipped sheep, s3@4. Thursday’s shipments—Cattle, none; calves, 92; hogs, none; sheep, none. By United Press FT. WAYNE, Ind., March 11.—Hogs--15@25c lower; 100-140 lbs., $7; 140-150 lbs., $7.50; 150-160 lbs., $7.75; 160-180 lbs., $8; 180-200 lbs.. $8.10: 200-220 lbs . $8: 220-240 lbs., $7.80: 240-260 lbs., $7.70. 260-280 lbs., $7.55; 280-300 lbs., $7.45. 300350 lbs., $7.30; roughs, $5.75; stags, $4: calves, $10; laqabs, $8.50.

MOTION PICTURES

I^rni FRIDAY atJMIDNIGHT SPECIAL *Jssk ADVANCE SHOWING CHARLIE CHAPLIN 'CITY LIGHTS" 5 NO PRICE ADVANCE For thie, the Screen Sensation of the Generation l NOW SHOWING jjpy^Asiesfl K* WAY' llftv constancy §gfr " Ifcift bexxett —COMI.VG— ! Gaia Return of Indiana poll* Favorite* , OLSEN & JOHNSON —lN—“Fifty Million Frenchmen”! IwUB " aUe -—"l 3® _ *-^fesrU