Indianapolis Times, Volume 42, Number 268, Indianapolis, Marion County, 20 March 1931 — Page 29

MARCH 20, 1931.

PORKERS SELL OFF 15 CENTS AT CITYYARDS Cattle Fairly Active and Fully Steady; Sheep Unchanged. HOGS Mar. Bulk Early Top. Receipts. IS. 8.50 98.80 4.000 7 68fi> B<o 840 2.00 U 18. 7.45$ 8 10 8 20 4 000 17. 7.68® 8 25 8 25 5.000 I*. 7.80'5. 8 40 * 40 4 500 P 7.80® 8.40 8.40 5.000 20. 7.65® 8.25 8.25 S.OQQ Hogs wore mostly 15 cents lower this morning at the Union Stockyards, a few butchers selling off 25 cents. The bulk, 140 to 300 pounds, sold for $7.65 to $8.25, the latter figure holding as the early top. Receipts were estimated at 5,000; holdovers were 15’. Cattle were fairly active and fully steady. Receipts were 600. Vealers were weak to 50 cents lower, selling at $8.50 down. Calf receipts were 600. Sheep were little changed, selling mostly at $7 to $9. No strictly choice kinds were available this morning. Receipt* were 500. Chicago hog receipts were 27,000, Including 7,000 direct. Holdovers were 7.000. The market held slow with-a few early sales and bids 10 to 20 cents lower than Thursday’s average. Good to choice 160 to 200 pound weights sold at SB.IO to $8.15; heavies very slow. Cattle receipts were 2,500; calves 1,000; steady. Sheep, 13,000; strong. HOGS Receipt*. 5.000; market, lower. —Light Lights—-<l4o-1601 Cede and choice $ 7.75® 8.00 —Light Weights—-<!Bo-1801 Oocd and choice.,.. 8.25 < 180-200> Good and choice... 825 —Medium Weights—-<2oo-2201 Good and choice 8 05® 8.15 <220-250. Medium and good ... 7.85@ 7.95 —Heavy Weights - <250-280 Medium and choice. 7.55® 7.§0 (200-350) Good and choice 7.30® 7.e5 —Packing Bows—-<llo-1301 Slaughter pigs 7.25® 7.50 <llO-1301 Slaughter pigs 7.50® 7.75 CATTLE (Slaughter Class) Receipts. 600; market, steady. Good and choice 5 Common and medium - “ - <l,lOO-1,5001 Good and choice B.oo® 10.50 Medium 5.75® 8.00 —Heifers— (500-850) _ „ Good and choice $ 7.50® 9-50 Common and-medium a.aoyi 7.5 Q Common and medium £'22 Good and choice J-*)o® 5 00 Low cutters and cutters 2.75® 4.00 —Bulls (yearlings exc.uded' Good and choice beef .. 522 Common and medium ....... 3.002> 4-5 CALVES AND VEALERS Peciepts. 000; lower. Good and choice . S 2'225; Inn Cull and common 4.00® 6.00 —Calves—-(2so-300) 'Good and medium 5 , 5 2 ® 7 50 Common and medium ••• • •J.00® 5.50 STOCKERS AND FEEDER STEERS Good and choice $ &‘j’® 7.7.i Common and medium 4.-5® 0.0 (800-1,500) Good and choice • • • 4 2 ,‘| Common and medium • ■ 4.50® 6.i5 SHEEP AND LAMBS Reeelpts. 500 ;market, steady. Receipts. 700; market, steady. Good" ant} choice j!'22 Common anand Medium and choice ** 3 90® 4 30 Cull and common 6.50® 8.00.

Other Livestock By Timet Special LOUISVILLE, Ky.. March 30.-Hogs Receipts, 500; market, 15c lower. 250 lbs no $7.75: 175-250 lbs., $8 JO; 130-175 lbs $7 , 40. 130 lbs. down, 56.75; roughs, 25ft6.25; stags. $4.50. Cattle— Receipts, 100; market, steady; prime heavy steers. S>B'-*8.50; heavy shipping stee LS, 7.50; medium and plant steers. A 5,5 ®,®.?;.®?’ tat heifers s6®B: common and medium heifers! ss*a6; °good to choice cows. SMOg 5.25; medium lo good cows. [email protected], cutters. $3.25413.75; canners, $2.50(5.3. bulls, $3.50ff15.25; feeders, $6.50@T50; medium to good feeders. $3416. Stockers. 7 calf receipts, 200; market, steady, good to choice. $6.5067.M; medtunu. . common to medium. sS(a*4.ovi.. sneep-*-Receipts, 50; market, steady; ewe and •wether \amhs, $8.50; urk |v,i4’ seconds, $5.50; down clipped sheep, *3ft4. Thursday’s shipments —-Cattle. none, calves, nope; hogs, 160; sheep, none. B< / United Frets EAST ST. LOUIS, HI., March 30.—Hogs —Receipis. 8.500; market. slow loft2oc lower: top. $3.25; few loads, $8.20 bulk, 150-225 Ins., sßftß.ls;; few 250-290 lbs., $7.504,7.85: sows. $6.50ft6.65. Cattle—Receipts, 1.400; calves, receipts, 600; market steers scarce and demand limited; vealers. 25c. higher at $9; other classes slow. Sheep Receipts. 500; market, steady; only odd lots on sale: good to choice lambs. s9@ 9 25; throwouts, $6.50ft7; ewes, $4.50 down. By United Press CINCINNATI. March 20.— Hogs—Receipts, * 400; heldover. 100: opening somewhat slow. 15c to mostly 25c lower: light lights and sows steadv; ktter grade 160-330 Tbs., largelv $8.40: several loads choice. 180-21 o lbs* $8.50; 240-260 lbs *8 ft 8.35: 300 lbs. downward to $7.75; 120-150 lbs.. $7.75u8, bulk sows. $6.28. Cattle —Receipts. 325, calves. 250: slow, generally steady; common and medium steers and heifers. $6.50 ®7.75: more desirable kind up to $8 25. most beef cows. $.75f1)560; low cutters and cutter cows. $2.75ft4. bulls. $5.25 down; good and choice vealers ji- ea dv 1° weak. sßft9; lower grades. *7.00 down. Bheep—Receipts. 100; steady; better grade hanov weight lambs, $ 9 ft9. 30; common and medium. $6.50ff8; fat ewes. *3@4. By United Prr.ss CLEVELAND, March 20.— Hogs—Receipts. 900: holdovers. 234; steady to 25c lower; mostlv 15c down on desirable weights; top on ldo-210-lb. sorts, $8.50; desirable 320250 lbs.. $8.35; 260-300 lbs., $7.85 ftß, mostlv 57.65; pigs. $8; rough sows, $6; stags, *4. Cattle—Dull, 250 lower on steers; common kind around $7.25 value predominating; cows, steady; $3ft3.75 on low cutters: calves, receipts. 150: strong to 50c higher; qualltv sorts considered: better grades still [email protected]; but some good kind selling for $9.60: few culls at $.. Sheep—Receipts, 100: only odds and ends ehere; steady on packages, medium to good clipped lambs at *B®R 50: nothing choice offered except light weights, clipped aged wethers at $5,75. By United Press EAST BUFFALO. March 20 —Hogs—Receipts, 4.000; market, slow; shippers inactive; generally 10815 c lower; many unsold; desirable 120-210 lbs., $8.54® 8.60; 2SO-, 3SO Iba , $7.83® 8.25. Cattle—Receipts. ISO- mostlv cows: medium heifers and steers strong at 17.25; common kinds. S7 ft>7.so, cutter cows, $2.75®4.25. Calves— Receipts 1,000: vealers, unchanged; good to choice $9.50® 10; common and medium. ss®B. Shep— Receipts. 2.000; lambs fairlv active; fullv steady: g v ood to choice woolskins. s9.7S;ff4o: Fome neld higher: medium kinds and strong w-heights, $8.75®9.35. By United Press PITTSBURGH. March 20.—Hogs—Receipts. 5.000; market, mostlv 15c lower; 150-210 lb*. $8.60®.7.75: 229-260 lbs. *8 25 *8.50; 260-320 lbs.. *7.85® 8.20; 120-140 los.. *8 35ft8.60; packing sows steady, medium to good grade. $6 50ft 7. Cattle—Receipts. 30: market, nominally steadv. Calves— Receipts, 200; market. slow, around 50c lower: desirable vealers. s7® 9 SO. Sheep—Receipts 800: market, slow, about steady; common to medium clipped lambs around $7; choice quoted up to $9. By United Press TOLEDO. March 20— Hogs—Receipts. 290; market. 10s to 25c lower; heavies, *6.15®7.25: mediums, *7.60127.75; vorkers, $7.^®7.90; pigs. $7.50ft7.75. Cattle—Receipts. light: market, steady. Calves— Receipt* light: market. 50c to $1 lower for week. Sheep—Receipts, light; market steady. By United Press FT. WAYNE. Ind.. March 20—Hoes— Receipts. 19ft20c lower; 100-140 lbs., *7.25; 140-’SO lbs., $7.50; 150-160 lbs. *7.75; 160-180 lbs., *7,90: 180-200 lbs.. J 8.10; 200-220 lbs.. $7 90: 220-240 lbs.. *7 75; 250-280 lbs.. *7.69 : 260-280 lbs.. $7.45: 280-300 lbs., *7.35: 300-850 lbs , <7.sn : rouchs, *6: stags, $4.25; calves. $8.50; lambs. $8.50. BANK HEAD INDICTED Tennessee Institution Took Money While Broke, Is Charge. By United Press NASHVILLE. Tenn.. March 20. Rogers Caldwell, president of the defunct Caldwell & Cos., and the Bank of Tennessee here, was indicted by the Davidson county grand jury today ca charges of accepting deposits after he knew the bank to be insolvent*

New York Stocks ( B y Thomson St McKinnon) —————

—March 30— Prev. Railroads— High. Low. 11; JO. close Atchison 186 Atl Coast Line.. .. . . 105% ... Bait St Ohio ... 7272% 72% 72'$ Chesa St Ohio.. 414, 41 41 41’4 Chesa Corp 45 Chi Grt West.. 6% Chi N West ... 37 37'4 Del LSt W ?1% 78 Del St Hudson ... 145% Erie 29% Erie Ist pfd ... , 41% Great Northern 61% 61 Vi 61% 61% Illinois Central 74 75 Kan City So 39% Lou & Nash 100'i 100 M K St T 19Vj 19% Mo Faciflc 32 Mo Pacific pfd.. 94 N Y Central ....110 109% 110 109% NY NH Sr, H ... . 87% 88% Nor Pacific . . 52% 52% S2Va 51% Norfolk A; V.<st 200 Pennsylvania 57% 57% Reading 76 Seaboard Air L. % % % .. So Pacific 69% 9".' Southern Ry 53 52 % St Paul 6% St Paul pfd 10% 10% St L& 8 F 36% 36% 38% 36% Union Pacific ..186 185% 188 186 W Maryland 15% Equipments— Am Car & Fdy 28 Am Bteel Fd 38% Gen Am Tank 70 Vi 70% General Elec ... 53% 52Vi 52% 53 Oen Rv Signal 81 Lima Loco 30% 30 30% 30 Press Stl Car 6% ... Pullman 52% 50% 51% 53% Westlngh Ar E . . 35 Westingh Elec.. 91% 89% 90% 90% Rubbers— Firestone 17% Fisk % % *; % Goodrich ... 19% 19% 19% 19% Goodyear 50 49% 42% 42 Kelly Sprgflld .. 3 % 3% 3% .?% Lee Rubber 4 U 8 Rubber .... 20% 19% 19% 19% Motors— Auburn 203% 200 203 206 Chrysler 25% :4% 24% 25 Gardner 1% Graham Paige.. 4% 4% 4% 4% General Motors. 47% 47% 474, 47% Hudson 23% 23% 23 >4 23 Hupo ... 12 12 Mack 41% 41 41 41% Marmon ... ... 9 Nash 40% 4040% 40% Packard 10% IOVk 10% 10% Reo g% Studebaker 24% 24% 24% 24% Yellow Truck ... 15% 14% 15% 14% Motor Access— Bcndix Aviation ... 24 Bore Warner 29% 29% 29% 29% Briggs 22% 22 22% 23 Budd Wheel 11% 11% Campbell Wv ... 15% Eaton 21% 21% 21 Vi 21% Ei Storage 8.... 65% Hayes Body 6% 6V, Houda 9 9 Motor Wheel 18% 18% Snarks-W . ... 12% 12% Btewart Warner 21% 20% 20% 20% Timkin Roll 58% Mining— Am Metals 52 51% 51% 21% Am Smelt ... ... 51% Am Zinc 7V, 7 7% 7 Anaconda Cop... 39% 39% 39Vi 39% Cal <te Hecla 9% Cal & Aria 43 Cerro do Pasco 27% 27% Dome Mines .... 11% 11% 11% 11% Freeport Texas 36% 36 36 36% Granby Coro ... 20% 20% 20% 20% Great Nor Ore 21% Howe Sound 27% Int Nickel 19% Inspiration 10% . 10% 10 Kennecott Cop .. 28% 28% 28% 28% Magma Cop 22 Miami Copper 8% Nev Cons 13% 13Vi Texas Gul Sul .. 52% 51% 51% 50% U S Smelt ... 24 24% Oils— Amerada 19% 18% 19% 18% Atl Refining 19% -19% Barnsdall 11% 11% 11% 12 Beacon 9% ... Houston 12% 12 Indian Refining 4 Mex Sbd 17% 17'i Mid Conti 12% 12% Phillips 12'/, 12 Pr Oil & Gas... 15% 15% 15% 15'/, Pure Oil 8% Richfield 4% 4 44 Royal Dutch ... ... 391/. Shell Un 8 7% 8 7% Skelly p% 5% Stand of Cal 45% 4532 Stand of N J... 46% 45% 45% 46% Stand of N Y... 22% 22% 22% 22% 7**“ £0 30V, 30% 30V, 303$ Union Oil 22% 22% *" Steels— * * Am Roll Mills... 33% 33% 33% 33% Bethlehem 65% 64% 64V, 65 V, Brers A M 59 58% 59 59% Colo Fuel 26 % Cruc 6t£el 51 507$ 50% 53% Ludum 18% 18% 18% 183$ Midland 29% 393$ 29% 28% Newton 19% 19% 19% 19'S Bepub I AS.. 23% 23 23% 23% U 8 Steel 150% 149% 1491$ 1493$ Vanadium 71% 71 71 68% Youngst, SAW 26 Youngst SAT 75% . . Tobaccos— Am Tob A tnew) 11894 118% A Tob B (new) 1213$ 120% 120% 121% General Cigar.. 44 43 7 $ 437$ 44 Ug A Myers B. ... 90*i 90',$ k° rilla .L and 20 19% 19 '£- > 9 % Reynolds Tob 52 52 Tob Pr A "I .. 13 * Tob Pr B 33% 314 Ut CUlltletH-' * - 6 '= 6 '> Abitibi .. ... ti Adams Exp 21% 21% 21% 21% Am For Pwr .... 48% 47% 48 '4 48 Am Pwr ALI ... 59 58% 58% 58% AT&T . ....195% 195% 1953$ i sß •* Col Gas AEI ... 45% 44>/ 4tf 45 Com A Sou 11%; 11% 11% lt% B 1 Pwr ALI .... 60% 59% 60 60%. Oen Ggs,A a grntl TA T ..... 37% 37% ‘37% 38 Natl Pwr ALI .. 42% 42 42 42 No Amer Cos 87’/, 87% 87’$ 87% Pac Gas A E 1... 53’i 53% 5334 533; Pub Ser N J .... 95% 94% 94% 943’ So Cel Edison 53 52% United Corn ... 31 .33 7 , 30’, 311/® UtPwrA LA.. 30 29% 29% 30% West Union i3B'l Shipping— 1 Am Inti Corp ... 21% 20% 21% 21 Inti Mer M pfd. .. ... 15% Fruit 66% 65% 66% *65% Foods— Am Sug 58% 57 58 % 56’$ Armour A 33 Beec.hnut Pkg 58% 88% Can Dy 37’/, 37% 3774 j?!/* Childs Cos 33 32% 33 32% Coca Cola 163% 163 163 163% Cont Baking A. 36 25’$ 25’% 25% Corn Prod g 5% 85', Crm Wheat ... * 77 ‘ Cudahy Pkg I.! 4371 Cuban Am Sug. .. ... 5 41^ Oen Foods 55% 55 55 55% Grand Union ig% 17 Hershev 100% 100 100 100% Jewel Tea 53 331$ Kroger . 34 33 33% 34% pmsbury 821/4 82 82 g* 5* ••••.. 60% 60% 61 Ward Bkg * ).. ... * fi% 2 6-3j* Drugs— * 0 * Coty Inc I, ~/ Lambert Cos .... 87 86% 86% 87% Lehn A Fink 341? Industrials— 34 * Am Radiator ... .. Bush Term ’ *“ ,4 4 Certainteed .... 5% 5% "5% s</.

New York Curb Market

By Thomson & McKinnon) March 20— 11:30! 11 70 Am Com Pwr . 16%:Midwest ut ... 24U Am Gs & El.. 82 Mo Kan Pipe ... 9*. Am Lt &Tr ... 53''* National Inv ... 6Va Ark Gas ....... s’. Newmont Min .. 54 * Aviation of Am. So'lNia Hud Pwr 14'w Brazil Pw & Lt. 25'a Noranda I.' 26U Can Marc 3 5 Penroad 7 Cities Serv .... M'i Prince & Whtlv. SP rd W3*ii.-** ,0 % M Indus ..... 4'4 Elec Bond 8h... 39Va Std of Ind ...” 33'i Ford of Can .. 28 |6td of Ky 22'! Ford of Bng ... 18’* Stutz .... .. . 28 Fox Theater S’;Un Oae fnewl.. 10'i Goldman Sachs 10'ilun Lt & Pwr . 32'gulf Oil 68'i Un Verde 13 * Hudson Bav ... 5 s * Vacuum Oil 58'i Int Pete 12' jlWallgreen 26'4-

Investment Trust Shares

'By R. H. Gibson & Co.l PRICES ARE TO 12 NOON C. S. T. —March 19— Amer Founder’s Corp. C0m.... ‘'43'. Am & Gen Sec "A” 15 Am Inv Trust Shares s a/ ’e l '* Basic Industry Shares 6*. 71. Corporate Trust Shares 6 6‘ Diversified Trustee Shares A 18'-i 19' Cumulative Tr Sh 7'* First American Corp B s * B'* Fixed Trust Oil Shares 5V* 6 Fixed Trust Shares •’A” .... 16 Inv Trust NY 7Vi B'fi Leaders of Industry. Seriea A B'* ... Nation-wide Securities 74* 7H NationeJl Industry Shares 6'j 7 N Am Trust Scares 6 6'i gel Am Shares 54i 6ft Sbawmut Bank Inv Trust ... 10*4 12's Universal Trust Sltares B', 6 ! S W Strauss Ipv Units 40 54 Super Corn of Am Trust Sh A 7Vj 7'ft Fundamental Tr Sh A 7'i 8 Fundamental Tr Sh B 7ft B s i u B Elec Light & Pwr ‘ A*’ 32ft 34ft

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange' Chicago Stock Exchange New Terk Cotton Exchange Chicago Board of Trade Now Tork Curb Aasodatloa Rooms 200-214 Circle Tower Telephone Lincoln 5501

Oen Asphalt 39 Otis Elev 56% 56 56% 56 s * Indus Chains— Allied Chem ...161% 159'$ 161 157’$ Com 80! v 20*, 20 % 20% 20 U 8 Ind Alco .. 69 66 65 68% Retail Stores— Assoc Drv Gds,. 29% 28’$ 29% 28% Glmbel Bros 6% 6’, Kresge 8 S ... 37% Mav D Store 37% 37% Mont Ward 27% 37 27’, 37% Penny J C 33 \ 33% 33% 33% Schulet Ret St.. 10% 10 10 10 Surs Roe. 61% 60% 61 60% Amusements— Col Graph 14V, 14% 14% 14% Eastman Kod ..175 172 172% 173 Fox Film A 37% 36% 37% 37 Grigsby Oru 5% 5% Loews Inc 61% 61% 61% 61 Param Fsm 46% 46'$ 46V, 46% Radio Corp 26% 25% 28% 25% R-K-O 24*, 23% 24% 23% Schubert 7% 7% Warner Bros 6's 6% 6% 13% Miseellsneoua— Airway Add ... 6% City Ice & Fu.. 36% 36% 36% 36% Congoleum ... 10% 10% Am Can 12’% 126% 127’, 126% Cont Can 59% 57% 57% 59% Curtiss Wr 5% 5 5% s's Gillette 8 R.... 32% 31% 31’s 32„ Real Silk 24% Un Arcft 37 36% 36’$ 36% Int Harv 57% 57 57% 57%

New York Bank Stocks

(By Thomson A McKinnon) —March 19— Bid. Ask. America 61 64 Bankers 118% 12*% Brooklyn Trust 500 515 Central Hanover 276 281 Chase National % 102 105 Chatham Phoenix Natl.... 83 86 Chemical 48% 50% City National 102 105 Corn Exchange, 124 125 Commercial- 305 315 Continental 24 27 Empire ...; 58 61 First Natir„ial 4.0*0 4,340 Guaranty 546 551. Irving 39%. 41% Manhattan & Cos 90 93 Manufacturers 48% 50% New York Trust -185 190 Public 62% 65% Chicago Grain Table —March 20WHEAT (old) „„ Prev. High. Low. 11:00. close. May 81% .81% .81% .81% July .... .62% .61% .61% .62% Sept 62% .61 % .62 .62% CORN (Old) May . .... . .64% ,63% .63% .64% July 66% .66% .66% .66% Sept 66’$ .66% .66% .66’$ OATS (old) May . .... . .32% .32% .32'$ .32% July 32% .32'$ .32% .32% Sent 32% .321'* RYE (old) Mav ........ .39% .39% .39% .39% July 41% LARD— Mav 9.05 9 02 9.02 9.07 July .... 9.20 9.22 By Times Special CHICAGO. March 20. Carlotsr Wheat, 81: corn. 99; oats. 18; rye. 0. and barley, 3. Chicago Stocks Opening (By James Hamill A Cos.) —March 20— Bcndix Avia .. 24'$! Middle west com 24% Borg Warner .. 29%'Natl Sec corn.. 7 Cent So West.. 23% Natl Standard.. 33% Cord Corpn .. iO'b Noblitt Sparks.. 46% Conti Chi Cor c 9%'Swift A Cos 29% Central Pub Ser 19%; Swift Internatl. 39 Cht Securities. .20 US Radio A Tel 31% Grigsby Grunow s%[Util A Indu com 8% Insull com 45%1

Local Wagon Wheat

City strain elevators are payins 66c lor No. i red wheat and 65c (or No. 1 hard wheat.

Produce Markets

Eeys (country run' —Loss off deliver in Indianapolis. 17c: henery duality No. .. 18c: No. 2. 13c.. „ , ~ Poutrv (buying prices)—Hens, weighing 5 lbs. or over. 17c: under 5 lbs.. 16c: Leghorn hens. 11c: capons. 7Vj lbs. up. 28c; 6VS-7Vi lbs.. 24c: under 6Vi lbs.. 20c: springers. 8 Iba. or over. 17c: or under 5 lbs.. 17c: ducks, springers. 11c: old cocks. 9®lle: ducks, full feather fat white 9c: geese. Bc. These prices are for No. 1 ton duality duoted bv Kinsan & Cos. Butter (wholesalei —No. 1. 33®34c: No. 2. 3!fti32c. Butterfat—32c. Cheese (wholesale selling price per pounds!—American loaf. 32c; pimento loaf. 28c: Wisconsin firsts. 19c: Longhorns. 19c: New York Limberger, 32c. By United Press NEW YORK. March 20.—Potatoes—Market, steady: Long Island. $2.50®3.85 barrel: southern. $3.50®.8.50 barrel: Maine, *2.75(83.40 barrel: Idaho. 35cft52.50 sack: Bermuda, s7ft9 barrel: Canada. 50c<853.75 barrel. Sweet potatoes—Market,, steady: tersey baskets. [email protected]; souhtern baskets. $1.75ft2.25. Flour—Market, dull and unchanged; spring patents. [email protected]. Pork—Market, steadv: mess. $26.50. Lard —Market, easier: middlewest spot, *9.35® 9.45. TaJlow—Market, firmer; special to extra. 3%4c. Dressed poultry—Market, quiet: turkevs. 25®43c; chickens. 25®38c; broilers. 30ft5c: fowls. 14®26c: Long Island ducks. 23®24c. Live poultry—Market. weak: geese. ll®15c: ducks. 15®25c; fowls. 23®27c: turkeys. 28<®42c; roosters, 14ftl6r: chickens. 19®30c: capons. 21© 45c; broilers, 32(840c. Cheese—Market, steady: state whole milk, fancy to specials. 16®22Vic; young Americas. 16®20c. By United Press CHICAGO. March 20.—Eggs—Market, steady; receipts. 24.665 cases; extra firsts, 20c: firsts, 18@19c; ordinaries. 17140: seconds. 16c. Butter—Market firm; receipts. 8.705 tubs; extras, 29'ic; extra firsts. 28Vi ®29c; firsts 26Vi®27’/ac; seconds 24Vi@ 25Vic: standards. 29‘ic. Poultry—Market, steady to weak: receipts, 2 cars; fowls, 21 ®22c; springers, 26c; Leghorns, 20c; ducks. 23c: geese 15c: turkevs. 25c; roosters. 15c. Cheese—Twins. 14®14Vic; young Americas, 16ft ft 16'ic. Potatoes—On track. 220; arrivals, 154; shipments 1,145: market, unsettled. very few sales at wide range of prices; Wisconsin sacked round whites, $1.65® 1.90: Minnesota Russets. $1.60; Idaho Russets. sl.Bsftt.Bo; Colorado Brown Beauties, $1.75; Red McClures. [email protected], By United Press CINCINNATI, 0.. March 20.—ButterSteady; crearnery in tubs lots according to score. 29©31c; common score discounted. 2® 3c: packing stock No. 1,24 c; No. 2, 20c: No. 3, 12'ic; butterfat, 28@30c. Eggs —Steady; cases included: extra firsts. 19c; seconds. 17c; nearby ungraded. 18'/ac: duck eggs, 27c; goose eggs. sl. Live poultry— Thm and coarse stock sell only at heavy discount; fowls 5 lbs. and over, 32c; 4 lbs. and over. 22c; 3 lbs. and over, 22c; Leghorns. 3 lbs. and over. 19c: roosters. 13c; capons, 8 lbs. and over. 32c; under 8 lbs.. 28c: flips, 21c: stags, 18c; broilers, new erop full feathered, IT* lbs. and over, 35c: over l'/i lbs., 44c; partly feathered, 25ft30c; Leghorn broilers full feathered, 1 '/* lbs. and over. 33c; over IVi lbs., 35c. By United Press CLEVELAND, March 20. Butter Extras, 29'jc; standards, 29'ic. Eggs— Extras. 20c; firsts, 19c. Poultry—Heavy fowls. 23c: medium. 24c; Leghorn fowls, 21c; heavy broilers, 21ft23c; Leghorn broilers. 15c: ducks, 20c; old cocks. 13c; geese. 15ftl6c; capons. No. 1, 28@33c. Potatoes—Maine Green Mountain, mostlv $3.50: few. *2.65 per 120-lb. sack: Idaho Russet,, mostly *2.25; bakers, mostly $2.40; few $2.50 per 100-lb. sack.

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

James T. Hamill & Company Private Wires to All Loading Market*. Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trad* Indianapolis Board of Trad* Associated New Tork Carb 203 Continental Bank Bldg. Tel. Riley 5493 Riley 54*4

THE INDIANAPOLIS tIMES

HEAVY SELLING SENDS FUTURE PRICESJLOWER Rains Add Bearish Note to Crop Reports; Corn Irregular. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, March 20—Starting uncertainly but about steady, wheat dropped sharply on the Board of Trade under an increase of pressure. Reports from the growing a-eas were bearish with further precipitation in the most needed sections. Foreign markets held steady early but weakened later. Corn was under more pressure and somewhat uneven at the start, selling off with wheat. Trade was light and the market easily influenced. Support was absent. Oats was firm, but met increased pressure when wheat and corn eased. At the opening old wheat was J s cent higher, new wheat was unchanged to V$ cent lower; corn was V*. cent lower to Vk cent higher, and oats were % cent higher. Provisions were slow and somewhat easy. Sentiment Is Bearish The English market lost % cent by mid-afternoon, about as expected, but showed fair resistance on good European demand. Buenos Aires opened sharply lower, but just before noon was down only Vi cent compared with Wednesday. Sentiment in wheat continues bearish but world markets lately have appeared stabilized at a point unfavorable to the producer. The disposition is to press the selling side on budges, keeping the market nervous and uncertain. Action of the farm board in respect to the new crop futures is being watched, but as yet no statement of intent has been made. Rains in Canada and rain and snow in the southwest Thursday and last night were viewed as bearish. Com Options Strong The end of the winter run of cash to market is regarded as being near. Receipts in the southwest may hold up as winter passes, releasing com not needed for feed, which may then be marketed. Corn is fundamentally strong but the uncertainty in wheat depresses the market. Oats failed to ease with the other grains Thursday. The cash situation is strong and acts as a retarding influence on declines. NEW YORK COFFEE RANGE High. Low. Close. March 5.15 ... 5.15 Mav 5.28 5.20 5.20 July 5.35 5.27 5.27 Ssotember 5.43 5.34 5.34 December 5.37 ... 5.37

V— Common stocks which underlie TRUSTEE STANDARD INVESTMENT SHARES SERIES D (Moody's Composite Portfolio lUdn* “A”) Showing number of shares used in each unit of investment and the proportion of the invested capital which is placed in each stock. —’ ' %7i Na. at Zampaniu Maal,' ToUl Shares Rating lnvestnoent si if Fit. it RAILROADS 4 Atchison, Topeka ts Santa Fe AA 3.33% 4 New Ynrk Central A 2.13 12 Fennsy vani* Railroad..... A 3.15 8 Southern Pacific........... A 356 4 Union Pacific;............; - A 3.37 Total - 15.54% UTILITIES '8 American Power ts Light... BAA 1.79 35 4 American Tel. and Tel. Cos.. .AA 3.23 12 Columbia Gas if Electric.... BAA 2:03 8 Consolidated Gas Cos. of N. Y. A “3.18 4: Detroit Edison C0.........A 3.13 8 North American C 0.... BAA *2.79 12 Pacific Gaa Electric C 0.... BAA 2.38 24 . United Gas Improvement... A 3.08 Total 21,61 % OILS ' 16 StandardOCt (NewJersey).. AA 3.33% 12 Standard Oil of New York.. AA 1.25 12 Standard Oil of California... A A 2.49 12 Texas Corporation. A 1.71 Total 8.78% INDUSTRIALS 4 Allied Chemical 4/ Dye A 2.7735 8 American Can. . BAA 3.98 4 American Tobacco (8)..... A 1.95 12 Borden Company A 3.66 8 duPont (E. I.JdeNemour*.. A 3.15 4 Eastman Kodak C 0......... A 281 12 General Electric Cos AA 2.47 4 IngersoU'Rand Cos A 2.83 8 International Harvester.... A 1.84 8 Liggett6/MyeraTobacco (B) A 2.96 12 National Biscuit Cos AA 4.04 16 Otis Elevator C 0.......... . A 3.69 12 Procter If Gamble Cos. A 3.49 16 Reynolds (R-J.) Tobacco (B) A 2.99 ■ 13 Union Carbide C/Carbon... A 3.20 , 4 United State* Steel A 2.44 4 WestinghouaeElectrictyMfg. A 166 16 Woolworth Cos A 4.14 328 Total 54.07% , Total of Productive Invested Capital 100 %

Dow-Jones Summary

Chesapeake A Ohio— Including hocking valley. February surplus after changes and sinking fund appropriations 81.165.612. against *2.231.880 in February. IMO. for 2 months *3,254,263. against *5.358,6.4. S. O. Company of Kentucky. 1930 net *2.03 a share, against *2.58 in 1929. Manufacturers Trust declared 50c quarterly dividtnd placing stock on *2 annual basis, against *4 previously. Telautograph Corporation. February net profit *81,147 after changes and Federal taxes, against *30.635 in previous month and *38.751 In February. 1930. For 2 months net profit $61,782. Construction awards, in metropoUfan New York first two week* on March, *12.000.000 ahead of a year ago according to F. W. Dodge Corp. Indiana Pipe Line declared 25c dividend; 3 months ago paid 50c. Allied Chemical A Dye Corp. ahd subsidiaries 1930 net *9.77 a share on 3,286.980 common share, against *12.60 a share on 2,178.109 shares in 1929. Amerada Corporation and subsidiaries 1930 net *4.30 a share, against $2.99 a share in 1929. Kentucky- Utilities Company, controlled by Middle West Utilities. 1930 net profit, $10,13 a slvare on 102,946 common shares against *11.33 a share on 98.846 shares in Northern States Power Company 1930 balance, available for amortization common dividends and surplus. *3.915,823 against $4,202,831 in 1939. Brokers’ Loans increased *94,000.000 in week to $1,913,000,000 nonbrokers’ loans, unchanged. Reserve system ratio 84.3 per cent against 83.3 per cent wek ago. and 82.5 per cent year ago. New York ratios 87.7 per cent against 86.7 per cent and 82.2 per cent, respectively. Kelsey-Hayes Wheel Corporation and subsidiaries 1930 net profit $2.69 a common share against $4.11 a share in 1929. Richman Brothers declared regular Quarterly dividend of 75c on common, payable April 1, record March 23. New York cables opened at- 4.85 15-16 against 4.85 39-32; Paris checks. 124.19; Amsterdam. 12.12; Italy, 92.75; Berlin, 20.395. Arundel Corporation net income $131.140 against $130,121 year ago. Regular dividend also is declared. S. O. Company of California has reduced prices of crude oil averaging 10c a barrel partially meeting cut of Union Oil of California of 15c a barrel. Daily average volume of federal reserve bank credit outstanding in week ended March 18. was $940,000,000, a decreased of $4,000,000 below the previous week and $165,000,000 below the like 1930 week.

Bank Clearings

INDIANAPOLIS STATEMENT —March 20Clearings 2,221,000.00 Debits 8,503,000.00 CHICAGO STATEMENT Clearings $67,300,000.00 Balances 7,600,000.00 TREASURY STATEMENT —March 20— Net balance (or March 18., .$746,105,929.76 Expenditures :.. 19.987.207.43 Customs rects. month to date 18,108,457.58 New York Liberty Bonds 3%s 101.25 Ist 4%s 102.26 4th 4%s 103.27 Treasury 4s 112.7 Treasury 3%s 106. Treasury 3%s of ’47 102.5 Treasury 3%s of ’43 102.22

30% A YEAR DERIVED FROM SOUND INVESTMENT STOCKS OF AMERICA’S INDUSTRIAL LEADERSwouId you believe it possible?

TRUSTEE STANDARD INVESTMENT SHARES SERIES D Affiliated Bankers, Inc. Owned by a National Group of investment Banking Houses 40 Wall Street New York, N, Y;

STOCK SHARES HOLD TO FIRM TRADING RANGE ' Steel, General Motors in Lead During Early Upturn.

Average Stock Prices

Average of thirty- industrials for Thursday was 186.56. up 2.61. Average of twenty rail.) was 100.05. off .13. Average of twenty utilities was 73.40. up .57. Average of forty bonds was 96.40. up .08. * BY ELMER C. WALZER Unite! Press Financial Editor NEW YORK, March 20.—Leading stocks maintained a firm tone on the Stock Exchange today, holding gains of fractions to 2 points. Trading quieted down after early activity. At the outset the list was steady. United States Steel and General Motors again led a rise. Before the end of the first hour selling came into the market and brought irregularity. Another rally followed, but toward noon pressure in special issues again caused traders to exercise caution. United States Steel ranged between 150% and 149%, holding near the latter level around noon where it was off %. General Motors made anew high at 47% and held most of the gain. New York Central rose 1% to 111 to feature its division. Utilities were slightly easier. International Nickel rose in the metals o.i reports earnings were increasing. Drug, Inc., was a feature of the special issues, rising to anew 1931 high at 78%. Radio-Keith-Orpheum

We have distributed Trustee Standard Oilshares Series A and Series B and Trustee Standard Investment Shares Series C and Series D Since Their Original Offering: Breed, Elliott & Harrison Established 1912 109 N. Pennsylvania St. STREET FLOOR . Indianapolis

Read the results from these underlying stocks over the past 10 years as applied to these Trust Shares * * * The stocks in the accompanying list underlie each unit of Trustee Standard Investment Shares Series D. During the past ten years the dividends, splitups, and rights declared by the underly- . ing companies and expressed in terms of these Trust Shares returned from 19% to 38% annually upon cost — an average of 30% per year for the full period. This statistical record, unmatched so far as has been determined, is the product of the technical expertness entering into the construction of Trustee Standard Investment Shares Series D. Many arc the points of superiority in this security; two are particularly important in their effect upon return to the investor: (l) No Unproductive Capital: There is no “Reserve Fund” tying up 8% to 10% of your investment at low interest rates. After paying your small proportion of the initial cost of creating and distributing the shares (as with all Fixed Trusts) 100% of the invested capital is placed at work in the common stocks of these thirty-five corporations, and thus shares in their high earnings. The longer the investment is held the greater this advantage becomes.

made anew high in. the. amusements at 24, up %. Montgomery Ward, Johns Manville, Allied Chemical, American Can, Vanadium, Sears Roebuck and Radio Corporation ruled firm, 1 to more than 2 points above the previous close. Selling broke out in the alcohol stocks near noon. National Distillers sold down to 32%, off U, while United States Industrial Alcohol lost nearly 6 points to 63%. Other weak spots included National Cash Register, which made anew low for the year at 28%, off 1%, and Crucible at 49. off 3%, also anew 1931 low. Selling in the latter issue was caused by omission of the dividend due at this time. Traders were looking for a reduction in the National Cash payment. Call money continued easy, renewing at 1% per cent and holding at that rate.

Net Changes

By Unifcd Press NEW YORK, March ID.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. American Can 126% 1 American & Foreign Power 48 % ... American Telephone 196 ... % Auburn 207 5 Bethlehem Steel 65% 1% ... Byers 59% % ... Case 118% 1% ... Consolidated Oas ~...108% ... % General Electric 53 % ... General Motors 47 ! , 2 ... Gillette 31% ... % International Telephone ..33 % ... Loews Inc 61 2U ... Montgomery Ward 27% % ... N Y Central :.....;J09% ... 2 Packard 10% % ... Radio 25’1- % ... Radlo-Kefth .23% 1% ... Standard Brands 20% % ... Standard Oil N J 46Vs ... % Transamerica 15 % ... Union Carbide . 68 1% ... United Corporation 31% % ... U S Steel 149% 1% ... Vanadium 68% V ... Warner Bros 13% ... % Westlnghouse Electric 90% 1% ... Worthington Pump ........ 92% 1% ...

(2) Dollar Diversification: As nearly as practicable an equal proportion of capital is invested in each stock. Furthermore, the percentage of investment as to railroads, utilities, oils and industrials is in proportion to their potential growth and earning power and their relative importance in coming years of industrial development. These two features result in maximum earning power and true investment balance , Obviously the maximum yield and appreciation will be obtained by those who take advantage of present low market prices. ## # / These Trust Shares are distributed nationally by banks and responsible security houses. A ready market is maintained by dealers and is always available through the Bank-Trustee. One Result of Reinvestment ! 6% Yearly Income 50% Yearly Appreciation By purchasing a unit of Trustee Standard Investment Shares Series D on January 1, 1921 at the price of $6.25 per share, retai aing 6% annually as income and reinvssting all excess distri-. butions in additional Trust Shares, your holdings would have gained 506% in value—-or (for 10 years)— 50.6% yearly. Present prices—around $414—0 an even more advantageous bas.s for purchase. "*• - _ Sold at the Market Write fir full ittotlt.

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CART. DOLLAR, 84 TODAY, SEES BUSINESS GAIN Shipping Empire Master Says Pacific Ports Will Lead in Upturn. By United Press SAN FRANCISCO. March 30. Captain Robert Dollar, one time $6-a-month factory boy, who became the master of a shipping venture that liuked the east and west, surveyed the Pacific ocean on his eighty-seventh birthday today, and declared its trade surface was “hardly scratched.’ 4 Down to work a little after 8, as usual, Captain Dollar gazd r the harbor from which he directed his first business successes forty-three years ago, leaned back in a big chair and declared that “things are kind of lumpy, but are getting better.” “All the ports on the Pacific are going ahead,” he said. “I don't think any of them will go back. Times improve in lumps, and the Pacific trade will be right in front.'? Not many years, ago Captain Dollar defied the business seers who said a round-the-world freight and passenger service would not pay. He established the first service of this kind—and he made it pay.

TRUSTEE STANDARD INVESTMENT SHARES Series J> Available through Pfaff S Hugh*) INCORPORATED 129 E. Market St. ' Suite 501-80® INDIANAPOLIS Lincoln 2565