Indianapolis Times, Volume 42, Number 271, Indianapolis, Marion County, 24 March 1931 — Page 10

PAGE 10

DEMAND SENDS PORKER PRICES UP 25 CENTS Slaughter Classes Still Under Pressure in Cattle Mart. HOGS Mar Bulk. Early Top. Receipts. '• 6o a.25 $8 25 5.000 ' 80 8.10 8.40 4 500 19 V 80® 8.40 8.40 5 000 20 7.85-0, 8.25 3 25 5.000 21 7.65® 8 25 8 25 1.500 52 7.56® 8.15 8 20 2.500 23 7.55(47, 8.15 3.20 2.500 24 7.7*@ 8.25 8.25 4,500 Hogb were strong, with prices generally 10 cents to 25 cents higher today at the Union Stockyards. The bulk. 140 to 300 pounds, sold for $7.75 to $8.25, the latter figure representing early top price. Receipts were estimated at 4,500; holdovers were 200. In the cattle market slaughter classes still were under pressure, with the tendency lower. Receipts were 1,000. Vealers were erratic in trade, selling mostly 50 cents to $1 higher. Good and choice kinds sold lor $lO to $10.50, an odd head or two going at sll. Calf receipts were 800. Sheep were weak to lower, with the quality plain. The run was selling mostly under $8.50. Receipts were 200. Chicago hog receipts were 19,000, including 3,500 direct. Holdovers were 8,000. Tke market held slow with a few early sales and bids, mostly on lighter weights, steady to 10 cents higher than Monday's average. Few loads of 165 to 220pound weights $7.85 to SB. Cattle receipts were 6.000; calves, 2,500; market steady. Sheep 13.000. strong. HOGS Receipt*. t,500; market. higher. —Light Lights—-(l4o-160) Good and choice...! 7.70® 800 —Light Weieths—-<lßo-1801 Good and choice... 8.25 (180-200( Good and choice 8.25 - Medium Weights—-(2oo-2201 Good and choice 8.20® B.2|i <220-2501 Medium and good B.oo® 8.10 Heavy Weights—-<2so-2801 Medium and choice.. 7.70® 8.00 <290-3501 Good and choice 7.50® 7.70 —Packing Sows— _ ._ (275-5001 Medium and good. 6 00® 422 <llO-1301 Slaughter pigs 7.25® 7.75 CATTLE (Slaughter Class) Receipts. t.OOO: market, steady. Good and choice $ Soni'ano Common and medium 6.00® 8.00 G.IOO-1.500) Good and choice ? - 2S^2'nn Medium 6.50® 8.00 —Heifers—-(soo-850) Good and choice $ 7.75® 9.d0 Common and medium oOO'J 7./a Common and medium 5 <y b.so Low cutters and cutters ... ~.75@ 4.25 Bulls 'vcarlings excluded) Good and choice beef 4.-.5® 5.25 Common and medium 3.00?® 4.-a CALVES AND VEALERS Receipts. 804); higher. Good and choice Medium 7.50® 9.a0 Cull and common • • 5.50® 7.50 —Calves—-(2so-300) . „„ _ _ Good and medium Common and medium ...... 3.00 u; 5.50 STOCKERS AND FEEDER STEERS Good and choice $ f-JSSE 2 22 Common and medium 4.25® b.ou Good and choice |5? Common and medium ..■. • • 4.50® 6.00 SHEEP AND LAMBS Receipts. 200; market, lower. Good and choice $ 8 25® 9.-o Common and i.oo® a.zo Medium and choice ? I‘nn Cull and common 1 .io® 3.00 Other Livestock By United Press EAST ST. LOUIS, XU.. March 24.—Hogs - Receipts. 1.300; market 5c to mostly 10c higher; top. $8.15; bulk. IjO-220 lbs.. sß® 810 230-260 lb r .. $7.6541.7.90; few, 270-280 lbs.’ $7.50®7.55; 100-140 lbs.. $7.50®'7.90; sons. $6.607}6.65. Cattle— Receipts. 4.000, calves, receipts. 2,000; supply liberal, largelv steers end butcher yearlings; market. slow: indications steady on steers and lower on mixed yearlings and heifers; all cows slow? bulls steadv: too sausage bulls. 84.75; good and choice vealers 75c higher at $10.25. Sheep—Receipts. 1.500; market, opened steadv; few good to choice lambs ’o ritv butchers. $8.75®9: clipped lambs. 58.25?) 8.75: common throwouts, $6.00®7, fat ewes, $4.50 down Pn United Press TOLEDO. March 24.—Hogs—Receipts, 250: market, steadv to 10c higher: heavies. s7® 7.25; mediums. $7.75®8: Yorkers. Si.so v, 7 75- pies. $7.75ii 8 Cattle—Receipts, light;’ active, teady. Calves— Receipts, light; market, slow. Sheep—Receipts, light; market, steadv. Bit United Press CINCINNATI. March 24,—Hogs—Receipts, 2.400; holdover none; active, generally 15c higher: better grade. 160-240 lbs.. $8.35® 8 50: mostly $8.50 on 220 lbs. down; practically no heavier weights here; light, lights steadv to strong; spots 25c higher; 120-150 lbs., mostly $8; sows strong; bulk, ss 25® 6.50. Cattle-Receipts. 300. calves. 450; generally steady; supply very light; few common and medium steers and heifers. $6.50® 7.75; some good steers upward to $8.50; most beef cows. 54.750/ 5.50: few low cutters and cutter cows, $2.75® 4: bulls. $5.25 down; vealers active 50c to $1 higher; better grades showing full advance; good and choice. s9®lo; lower grades. $8.50 down. Sheep—Receipts, 225: steady; better grade handy weight lambs. s9® 9.50; common and medium. $6.50®8: few spring lambs. sl6; fat ewes. s3®4. P./ 7 imes Special LOUISVILLE, Kv„ March 24.—Hogs Receipts, 700; market. 10c higher: 250 lbs. up. $7.7&: 175-250 lbs.. $8 10: 130-175 lbs.. $7 40; 130 lbs. down. $6.75: roughs. $5.25® 6.25; stags. $4.50. Cattle—Receipts. 100: market, steady; prime heavy steers. sß® 8 50; heavy shipping steers. $6.50®7.50; medium and plain steers. $5.50®6.50; fat heifers. s6®B; common to medium heifers. ss® 6: good to choice cows. 54.50®5.50; medium to good cows, 53.75®4.50; cutters, $3.25®3.75; canners. $2.50®3; bulls, $3.50 5 5.25; feders. s6.so'x 7.50: medium to good feeders. Ssf?6: Stockers. ss®7. Calves— Receipts. 200; market. 50c higher; good to choice. [email protected]; others. $7 down. Sheep Receipts. 50; market steady; ewe and wether lambs, $8.50; buck lambs. *7.50; seconds. $5.50 down; clipped sheep, s3®4. Monday's shipments: Cattle. 140: calves. 101; hogs, 151; sheep, none By United Press CLEVELAND. March 24.—Hogs—Recepits, 1 600; holdover. 525; mostly 10®15c higher: spots. 25c up on plain light offerings and light lights; top. $8.50 on desirable 160-210-lb. sorts; bulk at $8®8.35; including desirable 23G-300-lb. kinds, medium offerings of light weight; light lights and pigs, rough sows steadv at $5.75. Cattle—Receipts. 200: largely cows, steadv; low cutter to medium kind. $3.25®5.50 Calves— Receipts. 900; vealers, steady to weak with Monday's average; bulk lacking top quality at $10.70 down: best kinds, $11: cull to medium. s7®9. Sheep—Receipts. 900: lambs, steadv to weak spots, lower; better grade clipped offerings. $8.75®9.D5; choice handy weights, clipped ewes. $5 steady. By United Press FT. WAYNE. Ind.. March 24 Hogs Receipts. 30c higher: 100-140 lbs.. $7.30; 140-1 uO lbs.. $7.55: 150-160 lbs.. $7.80; 160180 lbs. $7.90. 180-200 lbs.. $8 10; 300-220 lbs. $7.90 : 720-240 lbs.. $7.75; 240-260 lbs.. $7 60 260-280 lbs.. $7.45: 280-300 lbs.. $7.35; 300-350 lbs.. $7.20; roughs. $6.25; stags. $4.50: calves. 310; lambs, $8.50. PITTSBURGH. March 24.—Hogs Receipts 500: holdovers. 375; market active and mostlv 5 5 15 cents higher; pigs and packing sows about steadv; 150-210 lbs.. $8 50 ® 8.65 : 220-260 lbs.. S8.10®8.40; pigs up to $8.25; good packing sows, $6.75 downward Cattle—Receipts. 15; market nominally steadv. Calves—Receipts. 100; market. steadv; choice vealers up to S10: Plainer grade and lights eights, ss® 8 heep—Receipts. 250: market, steady; good and choice clipped lambs, auoted at $8.25 ®9.25: medium grade. $7.25®8. By United Press EAST BUFFALO. March 24.—Hogs—Receipts on sale 1.600- weights below 210 lbs. active. 10® 15c higher, mostly 10c above Monday's average: wetghter kinds slow quoted steadv; bulk desirable, 160-210 lbs.. $8.60; 120-15 lbs.. $8.60® 8.65: plainer kinds. $8.50. Cattle—Receipts, 75: mostlv cows, steady; cutter grades, $2.75®4.25. Calves— Receipts. 50; vealers unchanged; $10.50 down Sheep—Receipts. 500: lambs. 25c lower; good to choice woolskins. $9.75shorn lambs. $8.75; medium woolskins. $8.75; shorn lambs. $7.75. LEAVES FAMILY $75,000 Wife, Son Beneficiaries of Will of Hotel Operator. Estate of Henry Clay Knode, Indianapolis hotel operator, who died March 17. consisting of $75,000 in personal property and real estate, was left to the widow, Mrs. Martha Knode, and a son, Ralph B. Knode, according to terms of the 74111 probated Monday. The son was named executor.

New York Stocks Bv Thomson & McKinnon)

—March 24 Railroads— Prev. High. Low. 11:30 close. I Atchison ... 188'-* I At! Coast Line.. . . ... 103 1 2 i Balt tc Ohio. 73% 73% 73% 74® ChesA <fc Ohio.. 41% 41% 41 1 * 41% Chcsa Corn . 45% z 45% 45% 45% Chi N W5t...... 38 CRI 4 P . 58 2 58% 58% .. . Dei L& W 76*2 78% ; Great Northern. 64 83% 64 62'% ; Illinois Central 74% i Lou & Nash . 96 M K & T 21 1 * Mo Pacific’ pfd. 94 3994 93% 94% ! N Y Central. .111% 110% 110% 110% N Y N H <fc 11.. . 88 Nor Pacific 53% Norfolk & West .196 lOk W 7 Pennsylvania 58% 58% 58% 58 J I Seaboard Air L ... % So Pacific .. . . 98 98% Southern Rv 52 51% 51 % 52 St Paul 6% 6% St Paul pfd. 11 11% St L & S F 38% 38% Union Pacific ... 187% W Maryland 16% Equipments— Am Car A Fdv 34 34 Am Locomotive 28 28 Am Steel Fri 28% Gen Am Tank.. 68% 68% 68% 69% General Elec 52 51% 51% 52% Gen Rv Signal. . 76 76% Lima Loco . . 29% Pullman 51% 51% Westingh Airb 31% 34% Westtngh Elec 91% 90% 91% 91% 1 Rubbers— Firestone .. . . 18 Fisk . . % ’a Goodrich .. 18% 18% Goodyear 48 49% Kelly Sprgfld ... 33% Lee Rubber . . ... 4% U S Rubber 19 18% 18% 19 Motors— Auburn 219 214% 217% 219 Chrysler . .. 23% 23% 23% 23 % Gardner 1% 1% 1% 2 Graham Paige.. .. ... ... 4% General Motors. *6% 46 46% 46% Hudson 22% 22% 22% 23% Hupp . . . 11% 11% Mack 39% 39% 39% 40 Marmon . .. 8 8 Nash 39% 39% 39% 39% Packard 10 9% 10 10 Pierce-Arrow ... ... 22 Reo 8% 8% 8% 8% Studebaker 24% 24% Yellow Truck 14% 14% Bendix Aviation. 23% 23 23% 23% Borg Warner ... 28% 28% 28% 28%. Briggs 21% 21% 21% 21% Budd Wheel. ... 11% Campbell Wy ... 16 Eaton 20% 21 El Storage B ••• 65 Hayes Body 6-ja Honda 8% 8 8% 8% Motor Wheel. . . ... 18% Sparks-W 12% 12/:: Stewart Warner 20% zO% 1 Timkin Roll. 56% Mining— Am Metals. . . . 21 21 Am Smelt 52 50-* 50 % 51--3 Am Zinc , 6% 6% Anaconda Cop.. 37 36% 3i 3^% Cal & Hecla. ,?% Cal & Ariz 41 Cerro de Pasco. 26 26% Dome Mines • j? Freport Texas.. 41% 41 41% 41% Granby Corp , 20 20% Great Nor Ore.. 2i% 21% 21% 21 "a Howe Soud 26% Int Nickel . 18% 18% 18% 19 Inspiration 9% 10 Kennecott Cop. . 28 28-4 Magma Cop 2144 Miami Copper ... . 8% 8% Nev Cons 13 13% Texas Gul Sul.. 53 5254 52% 53% U S Smelt 23 Oils— Amerada .. . .. ... 21% 21% Am Republic .. 10% 10 10 11% Atl Refining 20% 20% 20% 20% Barnsdall 12 12 Houston 12% 12% 12% 12% Indian Refining 4 Mex Sbd . ... 18% 18% 18% 18% Mid Conti 12% 12% 12% 12% Pan-Amer (81.. .. ... 33 35% Phillips 11% 11% 11% 12 Pr Oil & Gas.. .. 14% Pure Oil ... 9% Richfield 4% Royal Dutch ... 38 37% 37% 37% Shell Un 7% 7% 7% 3 Simms Pt ... ... 8% Sinclair 13% 13% 13% 13% Skellv 9 8% 8% 91 4 Stand of Cal . . 45% 45 45% 45% Stand of N J... 45% 45% 4a% 45% Stand of N 22% 22% 22% 22-% Texas Cos . . 30 29% 29% 29% Union Oil 22% Steels— Am Roll Mills .. 31% 31 31% 31% Bethlehem 63 62% 62% 63% Byers AM.. 56% 54% 55% 55% Colo Fuel 25% Cruc Steel 48% Ludlum 17% 17% 17% 17% Midland 27% ... Newton 19 19% Repub I& S 22% 21% 21% 22% U S Steel 146 145% 145% 146% Vanadium 70 69% 70 70% Youngst S & W 25% 25Vs 25% 25% Youngst S & T 74 74% Tobaccos— Am Tob A inew)ll6% 115% 115% 116% Am Tob B (New) 119 118% 118% 119% Con Cigars 34 General Cigar 43 Lig <fc Myers B. . 89 88% 88% 88% Lorilfard 18% 18>/s 18% 18% Phil Morlrs u Reynolds Tob ... 51% 51 51 52 Std Com Tob ..... ... .. 3% Tob Pr A 13 13 Tob Pr B 3y 3% United Cigar 6% 6® Utilities— Abitibi U% Adams Exp 21% 21% 21% 21% Am For Pwr 46 45% 45% 46% Am Pwr & Li 57% A T & T 294% 193% 193% 194% Col Gas &El 43% 43 43% 43% Com & Sou 11% 11% 11% 11% El Pwr & Li.... 57% 56% 57% 57% Gen Gas (A) 7% 7% 7% 8 Inti TANARUS& T 36% 35% 36% 36% Natl Pwr &LI 41% 41% No Amcr Cos 85% 85% 85% 86% Pac Gas * El.. 53% 53% 53% 53 Pub Serv NJ. .. 91 90% 90% 92% So Cal Edison 50% 51% Std G& El 83% 82% 83% 84% United Corp .... 29% 29% 29% 29% Ut Pwr <fc LA.. 29% 29% 29 k 29% West Union 132% 131 132% 134

Produce Markets

Eeres (country run)—Loss off delivered m Indianapolis. 16c; henery Duality No. 1, 17c; No. 2. 17c. Poutrv (buvine prices)—Hens, welshing 5 lbs. or over. 17c: under 5 lbs.. 16c; Leehom her.s. lie: capons. 7% lbs. up. 28c: 6%-7’/a lbs.. 24c; under 6% lbs.. 20c: sprlneers. 5 lbs. or over. 17c: or under 5 lbs.. 17c: ducks, springers. 11c: old cocks. 9ailc: ducks, full feather fat white 9c: eeese. Bc. These prices are for No. 1 top aualitv auoted bv Kingan & Cos. Butter (wholesale)—No. 1. 33®34c: No. 2. 31®. 32c. Butterfat—32c. Cheese (wholesale selling price per pounds)—American loaf. 32c: pimento loaf. 28c: Wisconsin firsts. 19c; Longhorns. 1.9 c; New York Limberger. 32c. By United Press CHICAGO. March 24.—Eggs—Market easy; receipts. 24,630 cases; extra firsts. 19c: firsts. 18c; ordinaries. 17c; seconds. 15%c. Butter—Market, weak; receipts. 15.900 tubs; extras, 27%c; extra firsts. 26% ®27c; firsts. 26®26%c; seconds. 24%®25cstandards. 27%c. Polutrv—Market, steady: receipts. 3 cars: fowls. 22®23c; springers. 16c: Leghorns ,20c: ducks. 23c; geese. 15cturkeys. 25c: roosters. 15e, Cheese Twins, 14®14%c; young Americas. 16’i® }6%c. Potatoes—On track, 317; arrivals, 112; shipments 970; market weak; Wisconsin sacked round whites. $1.50® 1.75; Minnesota round whites, $1.40®i.50: Idaho russets. $!.60®1.75; Colorado red McClures. $2.10; Brown Beauties. $1.60 By United Press , NEW Y ORK, March 24.—Potatoes—Market. steadv; Long Island. 52.50®3.85 barsoiitbern. $3.50®8.50 barrel; Maine. $2.,5®3.50 barrel; Idaho. 35c®52.20 sackBermuda, $7&9 barrel; Canada. [email protected] barrels. Sweet potatoes—Market, quiet; jersey baskets. [email protected]: southern baskets. $1.25® 1.50. Flour—Market, dull and easy: spnne patents, [email protected] barrel. Pork—Market, steady; mess, $26.50 barlow —Market, dull; midlde west spot, 9.35,® 9.45 c lb. Tallow—Market. firm; special to extra, 04%®.04%c. Dressed PPJI.It ry—Market, steady to firm; turkeys, 25®43c; chickens. 25®38c; broilers. 30® 50c; capons. 30®‘'40c; fowls. 14®26c; Long Island ducks. 23®24c. Live poultry—Market steadv; geese. ll®15c: ducks. 15®25c; 23( ?, 2 5 c: turkeys. 30®42c: roosters, 13 ® J Sc; chickens. 17® 30c; capons. 28®45c, broilers. 25®37c. Cheese—Market, dullstate whole milk, fancy to special, 16® 22%c; young Americas, 16@20c. By United Press CLEVELAND, March 24.—Butter—Extras, 37%c; standards, 27%c, Egrs—Extras, 19c; firsts. 18c. Poultry—Heavy fowls. 23c: medium. 24c: Leghorn fowls, 21c: heavy Rollers 21® 23c; Leghorn broilers. 15c; ducks, 25c; old cocks. 13c: geese, 15®16c: capons No. 1. 28®33c. Potatoes—Maine Green Mountain. $3.50®2.60 per 120-lb c , k ='*,^ d A h 0 R usset. $3.10®2.25; Bakers, $2.35®2.40 per 100-lb. sack.

Net Changes

By United Press NEW YORK, March 23.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: American Can 125*4 Up ' Amer & Foreign Power 46* ” >, Anaconda 37a. 1* Auburn 3 i| Byers 56*4 . . 14 Chrysler . 23*4 it Consolidated Gas 106's it Electric Power 577. "' 1* Fox Film <A> 36 5 ; 'i. General Motors a. 46'3 .. Gillette (unchanged 1 31"* International Telephone 36** ... *, Loews 53 s, it Montgomery Ward 26‘a >. New York Central 110** '* Packard 10 ... Radio Keith 23** >5 Sinclair 13*. 3, Standard Oil. N. J 45= j. Standard Oil. N. Y 22 s * V. . Texas Corporation 29** u Trans America 14 s * United Corporation 29 3 4 U. S. Steel 146 s * ... t* Vanadium TO l * ** Warner Bros. Pictures.... 13 s * *4 .. Westlnghouse Electric .... 91 > = Worthington Piano 90 ... 24

Shipping— Am inti Corp. . 20Vi 20 20% 20% Inti Mer M pfd. 14% United Fruit 64% Foods— Am Sugar . 57 Armour A 2% 2% 2% 2-% Beechnut Pkg 59% 59% 59% Cal Pkg 45 Can Dry 37% Childs Cos 32 "31% Cont Baking A ... 24% 24% Corn Prod 85% 85’4 Crm Wheat . 32% Cudahv Pick 48 48% Cuban Am Sug. . 5 Gen F00d5...... 54% 54% 54% 54% Grand Union. . 17% 17% 17% 17 Hershev 98 99% Jewel Tea 54 Kroger 32% Nat Biscuit 81 81% Plllsburv 34 34% Safeway S> 61 % Std Brands. 19% 19% 19% 19% Ward Bkg ,6% 6% Drue*— Cotv Inc , 13% 13 13 s * 14% Lambert C 0... 85% Lehn & Fink 33% 33% Industrials— Am Radiator . 20% 20% 20% 20 s * Bush Term 27 Certainteed . ... 6% * 6% 6% 6% Gen Asphalt . 43% 42% 43 s * 41% Otis Eiev 55% 55% 55% 55% Indus Chems Allied Chem ..152% 151% 152% 155% Com Solv 19% 19% 19% 20 Union Carb. .. 66% 66% 66% 67% U S Ind A!co. 54 51 54 51% Retail Stores— Assoc Dry Gds 28% 28% Gimbei Bros .... ... 7 7 Kresge S S 27 Mav I) Store . . ... 37 37 Mont Ward 25% 25% 25% 26% Penny J C .. 37 % Schulte Ret St .. . 10 Sears Roe ... 58% 57% 57% 59% Woolworth 64 63% 64 64% Amusements— Bruns Balke ... n Col Graph 14% 13 13% 13% Crosley Radio.. 7 6% 6% 7 Eastman Kod .170 167% 167% 170 Fox Film A 36% 36 36% 36% Grigsby Gru 5 4% 4% 5% Loews Inc 58% 57% 58% 58% Param Fam . . 4S 1 46 46% 46% Radio Corp . 25% 25 25% 25% R-K-O 23% 23V* 23% 23% Schubert 73 8 7% Warner Bros ... 13% 13 13% 13% Miscellaneous— City Ice &Fu 36% 36% Congoleum 10 10% Am Can 126 124% 126 125% Cont Can 59 58% 58% 59 Curtiss Wr A... 5% 5 5% 5% Gillette S R.... 31% 30% 31 31% Rc il Silk . . 93 Un Aircraft ... Int Harv 55% 55% 55% 56

The City in Brief

WEDNESDAY EVENTS Scottish Rite reunion, Scottish Rite . ithedral. Kiwanis Club luncheon. Clavpool. l ions Club luncheon. Lincoln. f'nrdue Alumni Association luncheon, Se /erin. Il'ini Club luncheon, Board of Trade. .Mutual Insurance Association luncheon. Columbia Club. Aartment Owners’ Association luncheci, Stiink-Arms. Booster meeting of the East New York Street Civic League, to urge extension of the New York street widening improvement, will be held at 7:45 p. m. Thursday in the Methodist Episcopal church at Temple avenue and New York street. Government aspect of unemployment, and co-operative plan for stabilizing employment evolved by the clothing industry will be subjects of addresses at a dinner meeting of the Indiana League of Women Voters at the Columbia Club. Tuesday night. Two comedies, “In the Spring, a Young Man’s Fancy,” and “Sauce for the Gosling,” will be presented Friday night at 8:15, by the Brookside players in the Brookside park community house. Zealous spring cleaners who are cleaning up yards and houses today were warned by the fire department to guard trash fires. Four alarms were sent to the department Monday afternoon to extinguish north side grass fires that resulted from trash biazes. Indiana Senior Athletic Association of the Indiana School for the Blind will present a play, “Editor-in-Chief,” by Charles Ulrich, at 8 Friday night, at the school. “The Romance and Reality of Television,” will be the subject of Clement L. Stanford, senior specializing in physics at Wabash college, at the luncheon of the Kiwanis Club In the Claypool, Wednesday. Proposed petition to the board of works for widening New York street from the Belt railroad to Emerson avenue will be discussed at a booster meeting at New York street and Temple avenue at 7:45 Thursday night. GAS STATION PLANS MUST BE APPROVED Fire Marshal’s Authority Extended bv New Rules. All plans and specifications of storage and filling stations must be submitted to State Fire Marshal Alfred E. Hogston and approval secured before construction begins. This is one of the new rules extending the fire marshal’s jurisdiction which are contained in a pamphlet printed and ready for distribution at Hogston’s office today. Previously only storage stations of 4,000 or more gallon capacity had to secure state approval. Other changes include the complete abolition of curb pumps and the requirement that only closed :ontainers be used to transport gasoline from tank wagons. Hogston’s stand against self-serv-ice stations has been abandoned and the rule he issued against them is not included in this issue. ILLINOIS PRISON RIOT INVESTIGATION ENDS Legislators Collect Mass of Data as Basis for Legislation, By United Press JOLIET, 111., March 24. The legislative committee investigating the series of riots in the twin Illinois penitentiaries returned to Springfield today with a mass of evidence collected in three days of hearing, including testimony of one convict that he once bought his way out for $2,000. Out of the long record of testimony given by officials, convicts and members of the state pardon and parole board the committee hopes to find basis for legislation that will prevent further rioting and bloodshed in the overcrowded prisons. The testimony that he had bought a parole was given late yesterday by Joe Moran, serving ten years to life for bank robbery. Bolshevism Firmly Established By United Press NEW YORK, March 24—Bolshevism and Fascism are firmlv established in Russia and Italy* and doubtless Mill survive after the deaths of Stalin and Mussolini, in the opinions of Eugene Lyons and Thomas B. Morgan, United Press correspondents in Moscow and Rome, respectively, who are in this country on vacation.

THE INDIANAPOLIS TIMES

WHEAT FUTURES DIP ON FURTHER HEAVY SELLING

Deferred Months Weaken as Pressure Is Continued. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, March 24.—Liquidation of deferrde wheat futures continued unabated on the Board of Trade at the opening and prices were off more than ten. Weakness at Liverpool where other foreign countries began to meet the expected competition from the United States was a factor. The old crop months firmed on buying attributed to the farm board agencies. Com was easy, but showed resistance. Oats were unevenly higher to lower. Routine wheat | news again had litle effect. At the opening old wheat was 3 * ■ cent higher, new wheat was 1 2 Ito l’i cents lower, com was H to J 32 cent lower and oats were Vs cent lower to M cent higher. Provisions, lost a few points. Liverpool Prices Down Liverpool started as expected, but pressure from Argentine, Australian and Russian wheat put the market % to % cent lower at mid-after-non. Buenos Aires was off % cent during the morning. Many traders feel that the liquidation prompted by the farm board act was good for the market and would not be surprised if the market were carried still lower. The decline is apt to be checked by an oversold pit condition. The position of Winnipeg is considered weak. The action at Chicago is expected to place wheat at levels which will readily reflect any adverse development in the winter wheat crop, which are liable at this time. The main question now is: How, when and where the farm board is to dispose of its large holdings. Corn Futures Dip Corn declined with wheat Monday but not as much. The conditions in the two grains are diametrically opposed. The crop of corn was very small and another crop will not be available for six months. The cash market is moving in good volume and likely to check declines, however, the trend will probably be Influenced largely by wheat. Oats were affected the same as the other grains by the farm board announcement but declines were only fractional. Liquidation was experienced notwithstanding the low prices. The cash trade is keepj in £ Pace with that for corn. Chicago Grain Table —March 24WHEAT (old) Pre ,. Mav Low. 11:00. close! :::::::: fiH M iU 1$ SoßM'liis)- s”*' 5 ”*' 58 • 8?:::::::: M ** M MV ‘ -8* May 31% .31% .31% .31% §2 .31% .32 .32 S RYE’(oidi- 32 2 32,1 ' 32V ‘ ' 32,i Mav 38% .38% .38% 38% lardy:”• ’ 4O • 39? " - 397 * •- 40 * July 9.20 9.15 9.15 9,20 By Times Special sag; CROQUET AND QUOITS ■ POPULARITY IS SEEN Realtors’ Head Also Predicts Toy Golf Course Increase. Tapping of croquet mallets and play at quoits, along with lawn tennis, are coming back. Indianapolis also may see an increase in residential infant golf courses this summer. These were the predictions todr% of J. Frank Cantwell, realtors’ home show director, in an address before the Indianapolis Real Estate Board at the Colubmia Club. Cantwell said more use is being given lawns and gardens surrounding homes and carried further his prediction, asserting that many Indianapolis residents will illuminate lawns and gardens to participate in the games at night. Mrs, Hoover to Visit Son By United Press WASHINGTON, March 24.—Mrs. Herbert Hoover will leave here tonight for Asheville, N. C., to visit her son Herbert Jr., who is ill there, it was announced at the White House today.

GAINS IN SPRING BUSINESS FORECAST

Strong Steel Prices Are Factor in All Lines of Trade. JJY RICHARD L. GRIDLEY, United Press Staff Correspondent NEW YORK, March 21.—Business conditions in various sections of the country have show further improvement with the coming of the spring season, industrial operations and employment during the past week reaching their highest levels since the holidays. The approach of Easter has given impeus to retail trade; the building industry is showing signs of a revival and the continued expansion of automobile output has given employment to thousands of workers in that line and in the steel industry, which is receiving large specifications for automobile materials. In addition, sentiment has shown further improvement and the feeling continues to grow that any seasonal recession in business during the summer will not carry business activity to the low levels seen last winter. Improved sentiment is based on several significant recent developments. Os major importance has been the sign of strengthening in steel prices, which reached record low levels during 1929. The Carnegie Steel Company, United States Steel Corporation subsidiary, this week posted second quarter prices of bars, shapes and plates at $1 a ton above those of the first quarter. Steel authorities claim that this advance, which will be followed by other major producers, will serve

BELIEVE IT or NOT

it ALL THE AUTOMOBILES (N THE ONITeD STftTES WITHOUT MOYINQ - $ Were 5 PASSENGER cars- EVERYBODY The I "Soiling Pot "im Yellowstone park COULD Ride AT The .SAME Time * (The surrounding oO6,W ‘scold) ' *<l.Kia* restarts SyndicaleJac. Crest ßrilaSnrigaa <. ■ i . | _

Dow-Jones Summary

Daily average production of crude oil in Unitea States in week ended March 21 totaled 2,263.938 barrels, an increase of 85,966 barrels, according to Oil and Gas Journal, Nipissing Mines Company, Ltd, declared regular quarterly dividend of 7% cents, payable April 20, record March 31. Brazilian Traction Light and Power February balance after expenses, but before depreciation and amortization 51,827,649 against $3,167,136 in February, 1930. For two months $3,844,569 against $4,366,261. Net profit of Consolidated Retail Stores and subsidiaries for year-end Dec. 31. 1930, was $235,282 after all charges including depreciation and taxes equal after preferred dividend requirements to 31 cents a share on the common stock against 3579,279. or $1.45 a. share on the common in 1929, Gimbei Brothers Inc. and subs in yearend Jan. 31, earned 52.19 a preferred share, against $4.37 a share in preceding year. Reo Motor Car 1930 net loss $1.989,148 after depreciation etc, against net profit $1,073,524 or 53c a share in 1929. Union Bag and Paper Corp,. including Union Bag and Paper Railway Corporanet loss $155,283 after depreciation and net loss $155,283 after depnditure and interest, against net loss of $2,874,290 in 1929 including power sub for full year. Inland Steel advances price on bars shapes and plates $2 a ton to SI.BO a pound effective April 1. American Zinc Led & Smelt Company in 1930 earned $2.37 a $6 proferred share against 57.52 a share in 1929. General ra4ns have fallen • over northwest including North Dakota, South Dakota and part of Montana. Minnesota ranging from one-half to one inch. New York cables opened at 4.86. unchanged; Paris checks, 124.17; Amsterdam. 12.12; Italy, 92.765; Berlin. 20.385. Federal reserve board’s weekly condition statement as of March 18 shows increases for week of $425,000,000 in holdings of government securities and $522,000,000 in government deposits. Also $141,000,000 increase in loans and $57,000,000 in net demand deposits total loans and investments up $534,000,000 largely as result of treasury’s operations in connection with quarterly tax payments. Loans on securities $7,365,000,000. increase $128,000,000. All other loans $8,153,000,000. increase $13,000,000. total loans $15,518,000,000. increase $141,000,000. S. O. of Ohio earned $5.55 a common share in 1930 against $6.62 in 1929. Builcling Permits Charles Britton, move apartment. 402410 West Sixteenth. S4OO. Charles Britton, new foundation. 402 West Sixteenth. S4OO. George Rottinson. garage. 2123 College, SSOO. John R. Welch & Son. repairs, 601 Dorman. $250.

to stimulate buying, which has been held up becailse of price uncertainties. Already the building industry has shown signs of a revival. The largest order in history for structural steel, involving 125,000 tons was placed this week with the United States Steel Corporation, which will supply the material for the construction of the Rockefeller “radio city” in New York. This project is expected to eventually Involve $250,000,000 and will give immediate employment to 8,000 workers. Another source of potential demand for the building and allied lines is the present electrification program of the Pennsylvania railroad which already has called for large equipment orders. Reflecting the steadily mounting output of automobiles and the current large inquiry for building steels, operations in the steel industry have been stepped up to 57 per cent of capacity, against 55 per cent last week, the highest rate since December. At the same time, it is pointed out that current operations reflect no more than the usual seasonal expansion at this time, although several recent developments have given rise to the belief that the current upswing may exceed normal proportions before the end of the spring season. Commodity prices have shown renewed steadiness with the firmness in steel prices and have favorably influenced the stock market, where prices this week rallied to their best levels since the February rise terminated.

On request, sent with stamped addressed envelope, Mr. Ripley wili furnish proof of anything depicted by him.

Following is the explanation of Ripley’s ‘'Believe It or Not,” which appeared in Monday’s Times: SIOO,OOO Is Worth More in Alaska Than in Florida—ls the earth were a perfect sphere, weight would be uniform at all points of its surface, but because the earth is flattened at the poles, an object will weigh the most at the poles and least on the equator. By means of the pendulum, these differences in weight have been calculated for the different latitudes by the Smithsonian institute in Washington. For reasons of expediency, I have chosen two widely separated localities of the United States. Gold coin in bulk is counted by weight as a matter of law and regulation. SIOO,OOO worth of gold in Key West, Fla., would be worth $100,327 at Ft. Egbert, Alaska. The difference in weight readily could be ascertained by the use of a spring balance. Wednesday “The Tree on Crutches,”

Bank Clearings

INDIANAPOLIS STATEMENT —March 24 Clearings $2,332,000.00 Debits 5,974.000.00 CHICAGO STATEMENT —March 24 Clearings $75,400,000.00 Balances 6,700.000.00 TREASURY STATEMENT —March 24 Net balance for March 21.. .$678,783,443.26 Expenditures 11,585,795.6': Customs rects. mo. to date.. 21,726,619.56 Marriage Licenses Henry L. Vance. 22. of 629 Bright, waiter, and Sadie E. Wood. 20, of 624 North California. Luther D. Nuckle. 38. of 115 McLean, clerk, and Juliet E. Nates. 21, of 622 Lockerbie. Earl W. Indleman, 48. of Marion, 0.. baker, and Jewel H. Marks. 39, of 1902 North Illinois, stenographer. Everett P. Bowers. 23. of 1142 West Twenty-ninth, and Geneva J. McDaniels. tS. of 1054 West Twenty-eighth., clerk. Edd L. Matthews. 26. of 1230% Oliver, clerk, and Grace L. Smith. 27. of 1406 Oliver, clerk. Sylvester Oberting, 20. of 2108 Singleton, florist, and Alice M. Rice. 16, of 20 East Orange. Freb Webb. 43. of 534 West Sixteenth, laborer, and Martha Herod. 23. of 545 West Sixteenth. TOURNAMENT TICKET SCALPER FINED $25 Payment by Manual Student Is Suspended by Judge Wetter. Pleading guilty to a charge of ticket scalping at the state basketball tournament Friday, Morris Cohen, 18, of 637 Union street, Manual Training high school pupil, today was fined $25, suspended by Municipal Judge Paul C. Wetter, after a hearing. Evidence that Cohen approached Detective Everett Englebright and proffered two $3 tickets for $5 each was given in court. Lawrence Shaw, defense attorney, asked Cohen if he knew Englebright. “I didn’t know him then, but I sure do now,” the youth answered. Wetter said he did not believe the youth was a “regular scalper” and that he “would like to have had a couple of tickets myself.” Sues Actress-Wife He ’Discovered” By United Press CINCINNATI, March 24.—Wilbur Guethlein, traveling representative for Radio-Keith-Orpheum, has filed suit for divorce here from June Mac Loy, Paramount talkies actress, who got her “big chance” when Guethlein discovered her in Toledo two years ago.

Local Wagon Wheat

City grain elevators are paying 66c for No. 1 red wheat and 65c for No. 1 hard wheat.

mmmmmZzSk

|-t \r Registered O. a JLf y l atest Office RIPLEY

Bright Spots of Business

Employment at fifty-one Toledo plants made largest gain of year last week. Eastern Offices, Inc., 1930 profit, $730,237, against $683,836 in 1929. National Short Term Securities Corporation, year ended Jan. 31. net $352,407, against $219,296 in 1929. New York Central division at Toledo recalls workers. Central and Southwest Utilities Company 1930 profit, $5,922,373. against $5,532,216 in 1929. Associated Gas and Electric system, year ended Jan. 31, net $47,344,966, against $42,926,651 preceding year. National Biscuit Company first quarter, net estimated 70 cents a share, against 68 cents a year ago. Automatic Voting Machine Corporation, year ended Nov. 30, 1930, net $800,549, against $411,261 preceding year.

New York Bank Stocks

!By Thomson and McKinnon) -—March 23 America As *; Brooklyn Trust 515 4 Ul ■'* Chase ai Nationai er .l" 14 f^, B&SS P T“ N *“- : I; ' City National 101'*Y in.iCorn Exchange * i?3 2 Commercial . ..... 310 Continental 3 i;:L First National 4070 4'>7n /2 Guaranty ” ’ =4, Manhattan &Cos 33/2 qS /2 Manufacturers 49

New York Curb Market

(By Thomson & McKinnon) —March 24 Am National Sugar *33% Ark Gas & S1 " 8 ?- ! P llls Avlathm of Am . _^s, rc 3%' Noranda '*6% £‘ t *t s < ~ Serv ••• 19% Penroad ’ 6% Gas 97% Sel Indus ...... 4!.? nm-ans IUV Shenandoah ... 8 DUT&nt Mot 1,,. 1 Std n* TnH 711/ gord of Can 28% Std of KYV.’.’.’. 22’ 8 of Eng.... 17%; stutz 26% Gulf I nn n Sachs 12,'? Trans Air Trans 7% ** • 6 ®- Un Gas (new).. 10% Hudson Bay ... 6 Un Lt & Pwr 32 1 ! ut 44%'Un Verde . 12% tiPi 1 vv 6 Vacuum Oil .... 55't Midwest U ... 23%’Van Camp 7 Mo Kan Pipe.. 9%]Walgreen 25%

Investment Trust Shares

(Bv R. H. Gibson & Cos.) PRICES ARE TO 12 NOON C. S. T. —March 23 Bid. Ask. Amer Founder’s Corp c0m....... 4% 4% Am &, Gen Sec A 15 Am Inv Trust Shares 5%. 6% Basic Industry Shares 6% 7% Corporate Trust Shares 6 6% Cumulative Tr. Shares 7% 8% Diversified Trustee Shares A. .18% 19% First American Corp 8% 8% Fixed Trust Oil Shares 5% 5% Fixed Trust Shares A 16% ... Inv Trust NY 8 9 Leaders of Industry series A.. 8% ... Nation Wide Securities 7% 7% National Industry Shares 6% 6% N Am Trust Shares 6 6% Sel Am Shares 5% 6% Shawmut Bank Inv Trust... 10% 12% Universal Trust Shares 6% 6 s . S W Strauss Inv units 40 54 Super Corp of Am Trust Sh A 7*4 7% Fundamental Tr 8h A B*. Fundamental Tr Sh B 8 8% U S Elec Light & Pwr A 32% 34% Chicago Stocks Opening (By James Hamili & Cos.) —March 24 Bendix Avia ... 23% Elec Household 25% Born Warner.. 28% Insull Com .... 44% Cen So West... 23 Majestic Hsehld 4% Cord Corpn ... 11% Marshall Fields. 31 Cont Chi Corp c 8% Middlew Com.. 23% Cont Chi Corp p 38% Natl Pw <Sc Lt.. 67% Centl Pub Serv 19% aNtl Standard.. 32 Comw Edison ..247 Noblltt Sparks. 45% Cheo Securities 19% U S Radia & T 31 % Grigsby Grunow 5 Util & Ind Com 8% Houdia B 8% Zenith Radio... 4%

James T. Hamili & Company Private Wire* to AH Letdiit Markets. Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated Nev* York Curb 203 Continental Bank Bldg. Tel. Blley 5493 Bliey MM

.MARCH 24. 193|

RALLY IN RAIL ' SHARES SENDS STOCKS HIGHER Many Issues Move Upward * After Initial Decline: Y. Central Gains.

Average Stock Prices

dav V wa a *Tß4 f 33 th^ tT o 4 nd 'i Stri * :5 fo ‘ M™ra a il S^ S M 18 to 3 0 2 24 off c| 2 iJV*! WM 71 86. off 75 A-crac* of forty bonds was 92 29. ofT .14. BY ELMER C. WALZER United Press Financial Editor NEW YORK. March 24.—Railroad s.ocks shook the stock market out of a rut toward noon today. Earlier the list had been unsettled by influences carrying over from' the* previous day. principally the break TYad^ ° n E° ar d of Along with the rails, the volatile industrial issues made further sharp advances. Auburn Auto made anew high for the year at 223%, u p 4% points net. J. i. Case rose 3 points Irom an early low while net gains were recorded in many other issues, supplanting early lows. Gas in Demand Pool operations were resumed m tile utility group with Consolidated Gas in demand. American and Foreign Power made up an early loss as did United Corporation. American Telephone and International Telephone gained. New York Central led the carriers rising more than 2 points above the previous close to 112%, Atchison jumped a point at a time to make up an early loss and replace it with c Union Pacific, Chesapeake & Ohio and Lackawanna also were m demand. Westinghouse Electric came back sharply, bringing out rumors the company would declare the regular j Quarterly dividend. A short time j ago the stock was declining on rumors the dividend was to be re- ! duced. Diamond Match Strong Diamond Match was a strong spot in the special issues, rising to within a fraction of its high for the year on buying based on the edict against dumping of foreign matches in this country. International Match which would lose by such edict, sold off more than a point to anew low on the movement, General Motors came back to around the previous close in the motors. Amusements steadied. Air Reduction rose more than a point in the chemicals, where Columbian Carbon lost 3 points on dividend apprehension. Coppers held well in the face of a reduction of % cent in the export price. Montgomery Ward rallied from an early decline of a point. DIVIDEND IS DECLARED Quarterly Fayment of 60 Cents Offered by Adams Company. Directors of the J. D. Adams Manufacturing Company, at the regular quarterly meeting of the board Monday, declared a quarterly dividend of 60 cents a share on common capital stock, payable May 1, 1931, to stockholders of record at the close of business April 15, 1931.

KONJOLA MAKES ANOTHER FRIEND Indianapolis Lady Relates Her Interesting Experience With Medicine. Searched in vain for relief? Discouraged . . . disheartened . . . depressed? Well, there’s no need to be. Relief, through Konjola, may be Just around the comer for you. Thousands have declared that Konjola brought them their first and only relief ... Is there not every reason to believe that you, too, will find that Konjola fits your case?

off i

MRS. LULU GUNSETT —Photo by National Studio

Don’t wonder how Konjola works and what it does. Get the facts, proven and verified, from the Konjola Man at the Hook Dependable drug store, Illinois and Washington streets, Indianapolis. But right now' read the words of Mrs. Lulu Gunsett, 1339 South East street, this city, who says of Konjola: “An attack of influenza left me ill and without strength. My stomach was upset, and I suffered terribly with indigestion. I had frequent attacks of dizziness and headaches. My kidneys troubled me and my liver was sluggish. I was completely all the time, and I arose just as tired as when I went to bed. I had been troubled most of my life with constipation- I decided to try Konjola. After only three bottles I noticed a change, and Konjola surely has done more to help me than anything else I tried. I praise this medicine gladly, and advise others to try it.” Demand Konjola and get it . . . don’t be switched to a substitute. The Konjola Man Is at the Hook Dependable drug store, Illinois and Washington streets, Indianapolis, where he is meeting those who come to ask about Konjola. FREE SAMPLES GIVEN