Indianapolis Times, Volume 43, Number 12, Indianapolis, Marion County, 25 May 1931 — Page 12

PAGE 12

STOCK SHARES DRIFT DOWN IN QUIETTRADING United States Steel Leads Industrials to New Low Ground.

Average Stock Prices

Industrials for Sat™Sy„Wß?, 13790< - <;> ? 189- Avereg* of 'enty rails was 78.81. off .83. Average utilities was 55.67. off .34. Averof forty bonds was 95.55. up .04. BY ELMER C. WALZER I'nlted Press Financial Editor NEW YORK, May 25.—Stocks, grains and cotton declined to new lows in their respective markets today. Trading was dull and prices drifted down without particular pressure. Ralls generally were weak and United States Steel led the industrials to lower ground, dropping to anew low since 1924 at 96Vi, off 2 points from the previous close. Fox was forced down in a weak amusement group, while Allied Chemical, Eastman Kodak and R. H. Macy made new lows for the bear market in their respective groups. Rails Mov. Lower In the railroad group Union Pacific made a lew low since 1926 at 152, off 2 points. Other carriers were down 1 to more than 4 points, the heaviest loss sustained by Alleghany Coproration preferred carrying S3O warrants. The latter sold off 4V S to 27% on fears aver the dividend. Losses in the main body of stocks were relatively small. McKeesport Tin Plate was an exception, selling off nearly 7 points to 72. Losses of more than a point were made by Du Pont, Radio Corporation and American Telephone. Utilities moved ip a narrow range. One High Is Made A few issues moved against the trend. Gillette preferred had the unique distinction of being the only stock to make anew high for the year, selling at 76%, up %. Alaska Juneau rose V 4 point to 16%, and Servel rose % to 9Vi. There was nothing in the news to affect the list. Credit condition, were unchanged with call money at IVi per cent. Bonds W'ere steadier and dull.

Bank Clearings

INDIANAPOLIS STATEMENT —May 25 Clearings $2,414,000.00 Debits v 5,727.000.00 CHICAGO STATEMENT Clearings $60,000,000.00 Blances 9,700,000.00 TREASURY STATEMENT —Mav 25 Net, balance for May 23 $111,693.249 97 Expenditures 6,958,684.02 Customs rects. mo. to date.. 21.287.773,87

New York Bank Stocks

(By Thomson & McKinnon) —May 25 Bid. Ask. America 42 45 Bankers 90la 9314 Brooklyn Trust 397 407 Central Hanover 214 219 Chase National 6912 72' 2 Chatham Phoenix Natl... 57 60 Chemical 40 42 Citv National 73k 76k Corn Exchange 94 98 Commercial 245 255 Continental 17 20 Empire' 4S 48 First National 3,350 3,550 Guaranty 424 429 Irving 29? 3lk Manhattan & Cos 70'* 73k Manufacturers 40*4 .4 New York Trust 137 142 Public 4414 471 2

Net Changes

By United Press NEW YORK, May 25.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow; on. up. Alaska Juneau 16k ... k American Can 94k 3?4 ... American & For Pow. 2b 3k ... American Smelting .... 30k ... 1 American Telephone ...163 4k Atchison 1461 2 43/4 ... Auburn 185. 22 1 ... Bvers 32’s 3k ... Case 64 2k ... Conselidated Gas 87 2 Electric. Power 36 2k ... General Electric 38k lk ... General Motors 35k 2k ... International Nickel ... Ilk k ... Low’s Inc 38k lk ... McKeespftrt Tin 75 3k ... Montgomery Ward .... 18 k ... National Power 24k lk ... New’ York Central ... 83k 2k ... North American 65 2k ... Paramount 23k lk ... Pennsylvania 47 1 Public Service 77k 2k ... Radio 14k 2k ... Radio-Keith 13k IV* ... Standard Gas 62k lk ... Union Carbide 46k lk United Aircraft 27k 2 U S Steel .94k 4k ... Westinghouse Elec .... 57k 2k ... Worthington Pump .... 45k 4 s * ...

Investment Trust Shares

(Bv Gibson & Bernard) PRICES AHE TO 12 NOON C. S. T. —May 25Bid. Ask. Araer Pounder’s Corp c0m.... 2% 2% Am * Gen Sec A 14 Am Inv Trust Shares 4 s * 5% Basic. Industry Shares 5 5% Corporate Trust Shares 4'* s'* Cumulative Tr Sh 6 6% Diversified Trustee Sh A 14% .. First American Coro 7 7% Fixed Trust Oil Shares 3 4% Fixed Trust Shares A 12% ... Inv Trust N Y t> 7 leaders of Industry Series A.. 6% .. Nation Wide Securities 5% 6% National Industry Shares 5% s'* N Am Trust Shares 4** 5% Sel Am Shares 4'* 5% Sh&wmut. Bank Inv Trust... 7 10 Universal Trust Shares s'* s s ; Super Corp o Am Tr Sh A... 5% 6 Fundamental Tr Sh A 6 6Vi Fundamental Tr Sh B 6% 7 U 8 Elec U St Pwr A3338 3 304i

New York Curb Market

(By Thomson & McKinnon) —May 25 Close. Close. Am Com Pwr... 12 jMo Kan Pipe... 4% Am Gas &El .. 59 iMt Prod 3% Am Lt & Tr.... 39 National Sugar.. 29 Ark Gas 3 3 National Av ... 61* Brazil Pw &Lt 14%(National Inv ... 4 Can Marc 2% Nat Screen 20% Cities Serv 11 % Newmont Min .. 27% Cons Gas ..... 85% Nia Hud Pwr... 9% Cord 9% Penroad 5% Durant Mot .... Ila Prince & Whtly -1% Elec Bond Sh.. 37 sel Indus ...... 3 Ford of Can ... 164i Shenandoah ... 4% Ford of Eng ... 12% std of Ind 31% Fox Theater ... 3 ; 3td of Ky 37 Goldman Sachs. 5% Std of Ohio ... 42 Gulf Oil 48% Stutz 23% Hudson Bay ... 52% Trans Air Trans 6% Ind Terr A .... 10% Un Gas (new). 5% lnsull Ut 28%:Un Verde 7% Int Super 20 lUt Power 7% Int Pete 10 V Vacuum Oil ... 31% Midwest Dt ... 17 Van Camp .... 5% Chicago Stocks Opening (By James T. Hamil! A Cos) —May 3S J&::: fti i.M.a"?. 0 ' dt §8 SWT:: fa Oont Ch Cp com s*>C Mlddiew com,. 17% Cant Pub Serv. 13 Swift & C 0.... 28% Commonw Ed .330% Swift Intern .. 34

New York Stocks 'Ey Thomson & McKinnon 1 ——————

May 25 Prev. Railroad*— High. Low. Close close. Atchison fso% I*B% 146 Vi 151% Atl Coast Line... 89 5 3 89 89 Bait 6c 0hi0.... 57 * 55% 651, 57% Chesa & 0hi0.... 35’.331,4 1 , 34% 37% Chens Corp 37 35% 35% 38’. Chi Grt West , 5 Chi N West.... 31 30% 31 33 C R I & P.... 35 s * 33% 33% 36% Del L & W 57% 57 57 Del 6c Hudson..l27 124 124, 129, Erie 19 18% 18% 19% Erie Ist pfd 30 Great Northern 49% 43 48 49 Illinois Central.. 62% 51% 51% 53V, Kan City 8o 29 30% M K & T 14% 12% 12% 14% Mo Pacific 18% 19 Mo Pacific pfd ~ ... 59 N Y Central 85 83V* 83% 88 NY NH As H... 69% 68% 68% 71 Nor Pacific 38 34% 34% 35% Norfolk & West 174 171% 172 O6c W , ... ... 7Vs Pennsylvania .... 47% 46V* 47 48 Seaboard Air L % So Pacific 78V* 77 77 79 Southern Ry ... 32% 31 31 Vi 34 St Paul 4% 41* 4V ... St Paul pfd 7Vi 7Vi St L 6: S P 16V* 18 18 16 | Union Pacific ...153 151% 151% 154 j Wabr.sh 12 W Maryland ... 10% 10% 10% 12 i West Pacific 6 Equipments—!Am Car & Fdy 19% 19% Am Locomotive. 16 16 Am Steel Fd ... 14 13V* 13V* 13% Am Air Brake S2B 27 27V* ... Gen Am Tank.. 57 55% 55% ... General Elec ... 39% 38 < 38% 39% Gen Ry Bignal.. 52 50 50 N Y Air Brake.. ... ... 13'/, ... Press Stl Car 3'/* Pullman 35 V, 34% 34% ... Westingh Ar 8.. 24% 23% 23% 24% Westingh Elec . 59% 57 57% 60 Rubbers— Firestone 17% Goodrich".”.’.’.".’ii 'iov* io% Goodyear 33% 37% 37% 39 Kelly Sprgfld ... 1% 1% 1% 2 Lee Rubber 3 U S Rubber .... 13 12% 12V, 13',i Motors— Auburn 207 133 185 207V* Chrysler 17 18% 16% 17 Gardner % % % % Graham Paige.. 4% 4% 4% 4% General Motors 37V, 35% 35% 37% Hudson 15 13% 13% 15 HUPP 7 V* 7 7 7 Vs Mack 28% 27% 27% ... Marrnon 3% 3% 3% 3% Hash 23 26V. 28% 28% Packard 6% 6% 6% 6% Hco 6 Vi 6 6 6 Studebaker 18 18% 17% 18 Yellow Truck... 8% 8 8 8% Motor Access— Am Bosch -. 13 Bendix Aviation 17% 18% 16% 17 Borg Warner... 18% 18 18 19 Briggs 11 >4 io% 10% ii Vi Budd Wheel .... 8% 8% B>l 8% Eaton 12% 12 12 El Storage 8.... 52% 52 52 52% Hayes Body ... 3% 3% Houda. .... 5% 5Vi 5Vi 5% Motor Wheel ... 12 Sparks W 7% 7 7 '7Vi Stewart Warner 10V, 10% Timken Roll 40% 37% 38% 40% Mining— Am Metals 10V* 10% 10% ... Am Smelt 30% 33% 30% 30% Am Zinc 41. 3% 3% 4% Anaconda Cop.. 24 23V, 23% 23% Cal & Hecla... 6% 6 8 6 Cal & Ariz 26'/, ... Cerro de Pasco 15% i6 Dome Mines 10% 10 10 10% Freeport Texas.. 25% 24% 24V, 25 Granby Corp 11% 11% 11% 11% Great Nor Ore... 21V, 21% 21% 22 Int Nickel 12% 11% 11% 12% Inspiration .... 6% 5% 5% 5% Kennecott Cop.. 19V, 19 19 13 u Magma Cop 15 14 14 Miami Copper 3 Nev Cons 8%- 3% 8% 8% Texas Gul Sul.. 38 37% 37% 38% U S Smelt 16 Oils— Am Republic 8 Atl Refining 14% 14 14 14% Barnsdall 7 6% 7 7 Houston 7% 7 7 7% Indian Refining 2 % ... Ohio Oil BVi 7% 7% 7% Mex Sbd 14% 13% 13V* 14% Mid Conti 8 8 Pan-Amer—<B).. .. ... 25 Phillips 6 >4 6% 6 V4 6% Pr Oil & Gas... 9% 9 9 9% Pure Oil ........ 6 5% 5% 6 Richfield 1% IV* 1% 1% Royal Dutch.... 28% 28V* 28% 28 Shell Un 5% 5 5 5% Sinclair 8% 8% 8% 8 1 /* Skelly 4 Standard of Cal.. 35'% 35 35 *35% Standard of N J 34% 34Vi 34'4 34% Standard of N Y 17% 17% 17% 17% Texas Cos 20V, 20 20'* 20V, Union Oil 17Vi 16% 13% 17% Steels— Am Foil Mills.. 18% 17V* 17% 18% Bethlehem 42% 40 Vi 40** 42% Bers A M 34% 32V, 32V, 36 Colo Fuel .. 1433 Cruc Steel 41 38% 38% 41V* Inland 42 % Ludlum 10% lOV* 10% * Midland'.... r 13 Newton 9 8% 8% 10 Reoub I& S 13 12% 12% 13 U S Steel 97% 94'* 94% 98% Vanadium 34% 31% 31% 35% Youngst S & W 18 Tobaccos— Am Sumatra 7% ... Am Tob Anew 107% 106 Vi 106V* 111 Am Tob B new 112% 109V* 110 113 Con Cigars 31% . . General Cigar.. 35 34% 34’/* ... Lig & Myers B 73 71 71 73 Lorillard 15% 13% 14 15% Phil Morris 10 9% P% ... Reynolds T0b.... 48% 48 48 49% Std Com Tob 2% ... Tob Pr (B) 2% United Cig s'/* 4% s'* 5% Utilities— Abitibi 3% 3Vi 3% 4 Adams Exp 13% 13% t3% 13% Am For Pwr... 29V* 28 26 29% Am Pwr &Li 40% 39 39 40V* A T & T 156% 162% 163 167’/* Col Gas & El.. 24% 24’i 24% 24’* Com & 50u...7. 8% 8 8 8 El Pwr & Li.... 38% 36V* 36V* 38% Gen Gas (A) 5 4% 4% 5% Inti, TANARUS& T 26 24% 23 26’* Natl Pwr & LI.. 25% 24V* 24'/* 25% No Amer Cos 66% 64 s * 65 67’i Pac Gas &- El 45% 44‘i 44 % 45’i Pub Serv N J.... 79% 77% 77'/* 79V* So Cal Edison.. 44 42'4 42'i Stdl G & E 1.... 64% 62'* 62% 64% United Corp 20 s * 19 s * 19 s * 20% Ut Pwr & L A.. 22% 22V* 22% 22% West Union 101 V, 93 s * 98% 103 V* Shipping— Am Inti Corp.. 13% 12% 12% 13 Inti Mer M pfd.. B', . 8% 8% United Fruit .. 58'.- 53% 55 56V, Foods— Am Sugar 47 s * 47 47 47 Armour A 2 1% 1% 2 Beechnut Pkg .... ... 481? Cal Pkg 24% 24 24 ’24% Can Dry 40'* 39% 39% 40% Coca Cola 14! 137 s * 138% Cent Baking A. 12 11 Vi 11% 'ii% Corn Prod 60% 58% 53% 61% Crm Wheat 23% 28 28 Cudahy Pkg 38% 38 38 Cuban A mSug.. .. . 2% '2% Gen Foods 47% 45% 43% 47% Grand Union... 15% 14% 14% 16 Hershev Pl’l 90 90 93% Jewel Tea 40%• /(> 40 Kroegr 28 s * 27 27 ’28% Nat Biscuit.... 65% 63'* 64V* 66 PiUsbury 29 28% 28% 28% Purity Bak 23 27 s * 27 s * 28% Safeway St 48 45% 45% 48% Std Brands 17% 16% 16’* 17% Ward Bkg 4 ... Drugs— Coty Inc: 8% 3% 8% . . Lehn & Fink 24% ... Industrials— Am Radiator.... 13 12% 12’* 12’* Bush Term 20% 20 25 Gen Asphalt 19 %(?% Lehigh Port 12 Otis Elev 36% 361* 36% 37% Indus Chems— Allied Chem ...111 106% 106% lit Com Solv 11% 11 IIV, 11% Union Carb 13 45% 46 1 > 48% U S Ind A1c0... 27% 26% 28% 27% Retail Stores— Arsoc. Dry Gds 19% 20% Gimbel Bros • ... 4% Kresge S S 26% *26% May D stores 23% 31 Mont. Ward ... 18% 17% 17% 18% Penny J C 34 33% 33% 34

Indianapolis Stocks

—May 25 < Bid- Ask. American Cent Life Ins Cos.. 1,000 Belt R R <&: Yds Cos com 32 40 Belt RR & S Yds Cos pfd 65.. 49% 55 •Bobbs-Merrill Cos 20 27 •Central Ind Pow Cos pfd 75.. 81 Circle Theater Cos com 7s 100 Citizens Gas Cos com 10s 22 •Citizens Gas Cos pfd 5s 96 101 •Commonwealth Ln Cos pfd Bs. 100 •Commonwlth Loan Cos pfd 7s 97 102 Hook Drug com 7 Indiana Hotel Cos Clavpool C.. 105 .!. Ind Hotel Cos pfd 6som 100 Indpls Gas Com 6s 57 % 61 Indpls Pow & Lt Go pfd 6%s 104% 106% •Indpls Pub Wei Ln Assn cm 8s s<v Indpls Wa Cos pfd 5s 101 Pub Servos Ind 7s 99 io2 Pub Servos Ind 6s 84 87 Metro Loan Cos 8s 100 Indpls Wa Cos pfd 5s 101 North Ind Pub Ser Cos pfd 5%s 94 97% No Indiana Pub Sy Cos pfd 65.102% 105 No Indiana Pub Cos 7s 110 E. Rauh & Sons Fert Cos pfd 6s 47 Shareholders Invest Cos 8 Ter Haute Tr & Li Cos pfd 6s 81% .’i.’ Union Title Cos com 3s 15 Van Camp Prod Cos Its pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s .. 93 Auburn Automobile Cos com ..200% 202% Backstay Welt Cos com 14% 17 Ind Pipe Line Cos 11 s * 13 Link Belt com ' 25 25% Lynch Glass Machine Cos com 14% 16% N Y Railroad Central C 0... 16 16% Noblitt Sparks Industrial Inc 34',j 37 Perfect Circle Cos com 27 29 Real Silk Hosiery Mills Inc Cos 13% 14% Standard Oil Cos (Indiana).. 24% 25 Studebaker Corporation 16 18 Ross Gear 19 19% Natl Tile 4% 5 •Ex-divldend. BONDS Bid. Ask. Belt R R & Stk Yds Cos 45... 93 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 99% ... Citizens Gas Cos 5s 99 Citizens Street Railroad 5s 22 Home T &Tof Ft. Wavne 6s. 102 Ind Railw & Light Cos 5s 93 96 Indpls Pow & Li Cos 5s 102 Indpls Gas Cos 5s 103 101 Indpls Street Rvs 4s 18 Indpls Trac Terminal Cos 55.. 44 46% Indpls Union Ry 5s 100 Indpls Water Cos 5%s 1054 103% 104% Indpls Wat Cos Ift lien ii ref 5s 98 Indpls Water Cos 4%s 96% 98% Indpls Water Wks Sec Oo 55.. 89 ... Interstate Pub Ser Cos 4%5... 93 Interstate Pub Ser 00. B 6%5.10S Noslnd Pub Serv Cos 5s 103 No 2nd Teleph Cos 61 mm. m 99% 100

Schulte Ret St 6% 6% Sears Roe 51% 48% 49 51% Woolworth 65% 63% 64% 66 Amusements— Col Graph 7% 7% 7% 7% Crosely Radio 4 s * Eastman Kod ..135 131% 131% 135 Fox Film A ... 14% 12 s * 13% 14% Grigsby Gru ... 3% 3 s , 3% 3% Loews Inc 40% 38% 38', 40 s * Param Fam ... 25', 23% 23 5 . 25% Radio Crp 16% 14', 14 s * 17% R K O 14% 13% 13% 15 Schubert 3% 3% 3% 3% Warner Bros ... 5% 5% 5% 5% Miscellaneous— City Ice & Fu 32 32 Congoleum 9 8% 8% 9 Am Can • 97 % 94% 94 s * 93% Cont Can 47 44% 45 46% Curtiss Wr 32% 32% Olllette S R ... 33% 31V* 31% 33'% Real Silk 14 13% 13 s * ... Un Aircraft ... 28% 27% 27% 29% Int Harv 46 s * 44% 44% 46V*

In the Stock Market

(By Thomson & McKinnon) NEW YORK, May 25.—With no encouragement in the news, pressure was more aggressively resumed in today’s market. More definite indications that the demand for automobiles had begun its seasonal contraction brought particular pressure on the motor stocks. Weakness soon spread throughout the market with leading stocks suffering the greatest losses. Liquidation was quite apparent. In the steel shares for example, selling was persistent, reflecting the opinion that with motor manufacturers cutting down on steel requirements, operations would be further curtailed. Nervousness over the maintenance of the steel corporations dividend was increased. The market was still mindful of Farrells’ remarks that no steel company was earning its preferred dividend. Commodity markets were no help to sentiment. No immediate relief for the agricultural regions was suggested as wheat and corn and cotton established new low prices. Then, too, the tax situation was brought to the foreground. The federal deficit and revised taxes are additional economic problems. While the factors are not new, they serve to make the business horizon just that much more hazy. All in all, the atmosphere was not one that would stimulate confidence, or encourage hope that a reversal of the market trend was immediately in prospect.'' New York Liberty Bonds ■—-May 25—— 3 Vis 102.20 Ist 4Vi5 103.10 4tll 4’%s 104.26 Treasury 4%s 113.15 Treasury 4s 108.29 Treasury 3%s 105 30 Treasury 3 3 *sos 47 103 Treasury 3 3 /*s of 43 102 21 Treasury 3 3 *sos 43 .June 103

The City in Brief

TUESDAY EVENTS Rotary Club, luncheon, Clavpool. Gyro Club luncheon. Clayoool. Mercator Club, luncheon, Columbia Club. Architectural Club, luncheon. Architects’ and Builders’ building. Purchasing Agents’ Association, luncheon, Severin. American Chemical Society, luncheon. Chamber of Commerce. Universal Club, luncheon, Columbia Club. University of Michigan Alumni, luncheon. Lincoln. side Exchange Club, luncheon. 3810 College avenue. Alliance Francaise, luncheon, SpinkArms. Indianapolis Republic Veterans, luncheon, Board of Trade. Indianapolis Medical Society and County Secretaries, 3:55 and 7 p. m., Atheneum. Inidanapolis League for the Hard of Hearing. 7 p. m., Stokes buiiding. United Credit Bureau, luncheon, Spink-Arms. The Young People's League of St. Paul’s Evangelical church, Thirteenth street and Ashland avenue, will present a four-act mystery drama, ‘The Ghost Bird,” at 8 Tuesday; and Wednesday nights at the church. Carl Lyman has been re-elected president of the Indiana Artists Club. Joseph J, Daniels, attorney, is the new president of the Indianapolis Literary Club, Other officers named include Evans Woollen Jr., first vice-president; John I. Kautz, second vice-president; Philip C. Lewis, third vice-president; Stephen C. Noland, secretary, and George C. Calvert, treasurer. Tests for applicants for life guard positions at municipal swimming pools and beaches will be conducted tonight, 7 to 8:30, at the Butler university pool. Two Red Cross examiners, Thomas Goodwin and Francis Hodges, will have charge of the tests.

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 12c; henery Quality. No. 1. 14%c; No. 2. 12c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 17c; under 5 lbs., 15c: Leghorn hens 15c; 1930 broilers, full feathered. 1% lbs. and up. 27c; under 1% lbs.. 25c: bareback. 16c; Leghorn broilers. 23c: ducks. 9c; old ccoks. B®9c; ducks, full feathered, fat whites, 9c; geese. 6c. These prices are for No. 1 top Quality, quoted bv Kingan & Cos. Butter (wholesale)—No. 1. 26®27c; No. 2. 24®25c. • Butterfat—2lc. Cheese (wholesale selling price per pound)—American loaf. 22c; pimento loaf. 32c; Wisconsin firsts. 19c; Longhorns. 16c; New York limebrger, 30c. By United Press NEW YORK, May 25.—Potatoes—Market, steady; Long Island. $1®3.25 per barrel; Maine $2.25@3 per barrel. Sweet potatoes —Market, firm: jersey baskets, 75c®53.50; southern baskets. sl®3. Flour—Market, dull and spring patents, [email protected] per barrel. Pork—Market, quiet; mess, $23. Lard—Market, easy; middlewest .spot, [email protected]. TallowMarket, steady: special to extra, .03%® 03%c. Dressed poultry—Market, steady to firm; turkeys, 25@44c; chickens, 25® 38c; broilers, 27®45c; fowls, 12@25c; Long Island ducks, 17®19c. Live poultry—Market. easy, geese. 9® 12c; ducks, 13®24c; fowls. 21®23c; turkeys, 15®30c; roosters, 10@12c: chickens stags, 10c; broilers, 18® 37c. Cheese—Market, firm: state whole milk, fancy to specials, 12®22%c; Young America, 13%@19%c. By United Press CINCINNATI, O. May 25.—Butter, steady; creamery in tub lots according to score, 20®22c; common score discounted 2a 3c packing stock. No. 1. 18c; No. 2. 12c: No. 3.8 c; butter fat, 17® l9c. Eggs— Steady: cases included: extra firsts, 17c; firsts. 15c: seconds, 14 ! 2c; nearby un-’ graded, 16%c. Live Poultry—Thin and coarse stock sell only at heavy discount; fowls 5 lbs. and over. 19c; 4 lbs. and over, 22c; 3 Hus. and over, 22c; Leghorns. 3 lbs. and over. 15c; roosters, tO%c; broilers colored 1% lbs. and over. 29c; colored over 2 lbs., 33c; partly feathered. 15®20c; Leghorn broilers, 1% lbs. and over. 26c, black springers, 29c; over 2 pounds, 33c. By United Press CHICAGO. May 25.—Eggs—Market, steady; receipts 29.710 cases; extra firsts, 18%c; firsts. 17%c: current receipts. 15% ®l6 ac; seconds. 14'*c; cutter market, steaay; receipts, 19.556 iubs: extras, 22%c; extra firsts. 21%®21%c; firsts, 20®20%c; seconds, 18®l9c: standards. 22%c. Poultry —Market firm; receipts 4 cars: fowls, 18% ®2l%c; springers. 26c; Leghorns. 15c; ducks. 16c: geese. 10c; turkevs, 20®22c; roosters. 13c: broilers (2 lbs.) 28c: broilers (under 2 lbs.), 24c; Leghorn broilers. 22c. Cheese-Twins, 11'2®T1%c; Young Americas. 12Vs® 14c. Potatoes—On track 185; arrivals, loi; shipments, 840; market, slightly stronger: Alabama and Louisiana $1.65®T.85: Texss triumphs, $1.65®1.80; Idaho Russets, $1.45@1 55. By United Press CLEVELAND. Mar ss.—Butter—Extras, 3S%c; standards. 26%. Eggs—Extras. 17%c; firsts, 17c. Poultry—Heavy fowls. 23c. medium. 23c: Leghorn fowls. 17c; heavy broilers. 32®35c; Leghorn broilers. 25®28c; ducks, 15®22c: old cocks. 13c; geese. 10® 15c. Potatoes—Maine Green Mountain mostly $2.15 aner 120-lb sack, Idaho Russet. SI.BSSS per 100-&. seek.

THE INDIANAPOLIS TIMES

SWINE PRICES STEADY TO 10 CENTSHIGHER Lower Trend Apparent in All Cattle Classes; Sheep Off. HOGS May Bulk Early Top Rec *‘Pxf 18 $6 65® 6.P5 $6.95 6.500 19. 6.65 3 6 90 6.90 5.500 20. 6.70® 7.10 7.10 5.000 21. 0.60® 6.90 , 6.95 8.000 95 6 75 6.000 23." 6.35® 6.70 6.75 2.000 25. 6.45@ 6.80 6.80 , 6,000 Hogs opened steady to mostly 10 cents higher this morning at the city stock yards. The bulk, 140 to 300 pounds, sold for $6.45 to $6.80; early top holding at $6.80. Receipts were estimated at 6,000; holdovers were 367. A lower trend was apparent on all classes in the cattle market. Receipts were 400. Vealers sold up 50 cents at $8.50 down. Calf receipts were 500. Lambs held 25 to 50 cents off In the sheep market; spring lambs selling mostly at $9 to $lO, a few going at $10.25. Receipts were 700. Chicago hog receipts were 37,000, including 15,000 direct. Holdovers, 1,000. Opening about steady with Friday’s average. Few early sales and bids on 170 to 210 pounds were $6.70 to $6.80. Bidding around $6.60 on good to choice hogs weighing 210 to 220 pounds. Cattle receipts were 18,000. Calves, 2,000. and steady to 25 cents lower. Sheep receipts, 10,000, and strong. HOGS Receipt*, 6.000; market, higher. —Light Lights—-(l4o-160) Good and choice....? 6.50® 6.75 —Light Weights—-(l6o-180) Good and choice.... 6.80 (180-200) Good and choice 6.75® 6.80 —Medium Weights—-(2oo-220) Good and choice... 6.70® 675 (220-2501 Medium and good.. 6.60® 66a —Heavy Weights—-(2so-290) Medium and g00d... 6.28® 6.4a (250-290) Medium and g00d... 6.65® 645 —Packing Sows — (275-500) Medium and g00d... 5.00@ 5.75 (110-120) Slaughter pigs..... 6.40® 6.50 CATTLE (Slaughter Class) Receipts, 400; market, lower. Good and choice ..* $ 6.75® 8 50 Common and medium s.oo® e. to (1,100-1,500) Good and choice 6.50@ 8.7a Medium 5.50® 6 - 50 Heifers—-(soo-850) , Good and choice 6 . 2 j?sL§ 2? Common and medium 4.50®6.za —Cows — Good and choice 5 51n Common and medium 3.75® 4.5 U Low cutters and cutters 2.50@ 3.75 —Bulls (yearlings excluded) Good and choice beef .... 3. <s® Cutter, common and medium. 2.75® 3.i0 CALVES AND VEALERS Receipts, 500; market, higher. Good and choice I Medium 6.00® 800 Cull and medium 3.50@ 6.00 —Calves—-(2so-300) _ Good and medium 5.00@ I 22 Common and medium 3.00® 5.00 - STOCKERS AND FEEDER STEERS Good and choice 5.50® M 2 Common and medium 4.00@ 5.50 (BCO-1.500) Good and choice 5.75@ 7 50 Common and medium 4.00® 5.75 SHEEP AND LAMBS Receipts. 700: market, lower. ' (Shorn basis, except spring lambs) Good and choice $7.50® 8.50 Common and medium 5.50® 7.50 Spring lambs 8.50®10.50 Ewes, medium and choice 2.25® 3.00 Cull and common 1.50® 2.25 Other Livestock steady With Friday's average; bulk 150200 lbs.. [email protected]; top. $6.80; 230-300 lbs.. $6.10®6.00; pigs, [email protected]; packing sows. 55®5.25: light weights to $5.50; light lights, 140-160 IBs., good and choice. [email protected]; light weight 160-200 lbs., good and choice. [email protected]; medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights. 250-350 lbs., good and choice. [email protected]: packing sows. 275-500 lbs., medium and good, [email protected]; slaughter pigs, 100-130 lbs., good and choice, $6.25® 6.65. Cattle—Receipts, 18.000; calves, receipts, 2,000: market on killing classes not established; entirely too many cattle here: few early sales common and medium Grades light steers and yearlings, weak to 5c lower; most fed steers without bids, the few bids made being sharply lower than late last week; she stock sharing decline; bulls and vealers, steady to weak; slaughter cattle and vealers: steers, 600900 lbs., good and choice, [email protected]; 9001100 lbs., good and choice, $7®8.25; 11001300 lbs., good and choice, [email protected]; 1300-1500 lbs., good and choice, $6.50@ 8.25; 600-1300 lbs., common and medium, ss®7: heifers, 550-850 lbs., good and choice. [email protected]; common and medium. $5®6.50; cows, good and choice, $4.50@ 5.50; common ana medium. $3.75®4.50: low cutter and cutter, [email protected]; bulls, yearlings excluded, good and choice, beef, s4@s: cutter to medium, [email protected]; vealers. milk fed. good and choice, $7.25(39: medium, [email protected]; cull and common, ss@ 6.50; stocker and feeder cattle; steers. 50010.50 lbs., good and choice. [email protected]; common and medium. [email protected] Sheep— Receipts. 10,000; slow, steady to weak; spots lower: old crop lambs, very scarce; few good clippers, $8; native springs. s9® 10.25; bucks sold at [email protected]; callfornias, unsold; slaughter sheep and lambs;'spring lambs, good and choice. [email protected]: medium, SB@9; common. s6@B: lambs. 90 lbs. down, good and choice, $7.75(38.50; medium, [email protected]; 91-100 lbs., medium to choice, [email protected]: all weights, common, $5®6.50; ewes. 90-150 lbs., medium to choice. $1.75® 3; all weights, cull and common, sl@2. By United Press EAST ST. LOUIS. HI.. May 25—Hogs— Receipts. 13.000; market, opened fairly active; top. $6.80; most 230 lbs.. $6.50@7; 240-270 Ids.. [email protected]; around 300-lb. average, $6.25; sows largely [email protected]; light weights up to $5.25. Cattle—Receipts. 3.00 C; calves, receipts. 2,500; market, slow; vealers, 20c higher at $8.75; a few steers, some light heifers, steady; most steers, cows and cutters still on hand; indications steady on medium bulls; a few steers. $6.40(36.90; a few heifers around $7. Sheep—Receipts, 5,500; market opened slow; run largely native and southwestern spring lambs. Including three double decks Texas mixed; no early sales; indications steady. By Times Special LOUISVILLE. Ky.. May 25—Hogs—Receipts. 1,000: market steady: 225 lbs. up, $6: 165-225 lbs., $6.55; 130-165 lbs.. $5.90; 130 lbs. down, $5.25; roughs. [email protected]; stags. $2.75. Cattle—Receipts. 450; market 25@50c lower: prime heavy steers. s7® 7.50: heavy shipping steers. s6®7; medium and plain steers. ss®6; fat heifers, $6.25® 7.50; common to medium heifers. $4.50® 6.25; good to choice cows. $3.50®5; medium to good cows, $333.50; cutters. $2.50 ®3: canners. $2@250: bulls. $3®4.25; feeders. s6® 7.25; Stockers. $4.503 6.75. (Jalves —Receipts. 1.000; market steady; good to choice. $6®6.50; fancy, $7: outs. $5 down. Sheep—Receipts. 1,500; market, not yet established: prospects lower. Saturday and Sunday shipments; Cattle. 27; calves, 552; hogs. 95; sheep. 1,357. By United Press _ ,£* N CINNATI. May 25 Hogs—Receipts, 3.000: held over. 200; moderately active, mostly steady: better grade 160-225-lb averages, largely $6.90: some 230 to around 250 lbs.. $6.503 6.75: 275-300 lbs.. $63 6.25; 120-150 lbs.. $6.50; sows mostly $5. Cattle —Receipts. 900: calves. 250: slow: bidding 25®50c lower on steers, heifers mostly 25c lower: other classes weak to 25c lower; odd lots common and medium heifers. $5.50 @6.70; some better finished yearlings. s7® i.50; a short load of choice lightweights. $8: beef cows. $4.25®5: low cutters and cutter cows, 52.50®4; bulls, $4.50 down: vealers about steady, except weights above 180 lbs., which were discriminated against; good and choice lightweights. $7.503 8: heavy. $7.50: lower grades. $7 down. Sheep —Receipts. 600: spring lambs steady to weak; choice grades practicallv absent; and? d tJ 0 .i Cho ! c f.f we t a P d wether lambs. $10.50® 11; strictly choice kind quotable up to $11.50: common and medium. *B®9; buck lambs. $8.50®10; sheep steady "fat ewes mostly $2.50 down. By United Press , y 23 —Hogs—Receipts, 3,300; holdover 170; steady to 15c lower than Friday- top steady with Saturday at $7.15 on bulk 160-210 lbs. pigs, $7- 220250 lbs.. $6.90 to $7; 260-300 lbs.. $6.65® 6.75: common 200-lb. averages, $6.25: rough sows. $5.50; stags $4. Cattle—Receipts. 700; generally dull; undertone weak to lower, but narrow early trading near steady: common to medium, $5.75®7.25 kinds predominating; loads good 71-lb hcHcrs at outside: few good fight steers. $7.60; cows. $2.7535, according to kind. Calves—Receipts, T. 100: near steadv. sorts considered: bulk light vealers. $8.50t9; odd choice decline sorts higher; choice weighty veals. SB, little under 57.50; occasional culls. $6. Sheep—Receipts, 1.500: clipped lambs. 50c or more lower, springers. 50c to 75c spots $1 off; best clippers. $8.50: bulk. SB3 8.25; springers. $10®11.50; bulk ewes, $3 down sharing weakness. By United Press _ PITTSBURGH May 25.—Hogs— Receipts. 3.800; market. 15®25c lower; 120-200 lbs., $5.90®7.15; 210-250 lbs.. $6.5036.75; 260-320 lbs.. $5.90®6.35; packing sows about steady; medium and good. [email protected]. (Tattle—Receipts. 700: market. slow, generally 25®50c lower; medium and good yearling*. $5.75©7.50; common cows, s4® 5; medium to common bulls. $3 75® 4.50; Calves—Receipts, 1,200; market mostly 50c lower; good and choice vealers. [email protected]. Sheep—Receipts. 1.250: choice spring jembe. slLsO@l3; better grade shorn

BELIEVE IT or NOT

The. Lone Trip 7% Wsf OF HELEN £ " . _ A MISSISSIPPI RIVER BOAT BROKE FROM HER MOORINGS AND MADE A 600-MiLE J j TR’? AIOVE. —Ko pilot or crew / seven-leap clover / pf she safely went over was found ey / / ohio falls at Louisville. Mawiiv Allen 1 J-' ki (pt PlEASAfrrro fßy?ys.'Texas ( H tiIWr&WALKUP is OIST.'MfIMRSER ~ ry *a-W3o v OF TAtOTIS ELEVATOR CO- VicKitd. Falls,Te***’ - - - JEM ,©ls3L Kins VaSmti $J edlcrtfylywCnnf Britain rishl* risen**

FREIGHT RATE ONSTEEL CUT Much Benefit to Indiana Mills Expected, By Times Special GARY, Ind., May 25.—A ruling of the interstate commerce commission reducing the freight rate on ' iron and steel produced in the Chicago area from 14% cents a hundred pounds to 8%, is expected to be of great benefit to steel mills here and elsewhere in the Indiana district, not only through saving of several thousand dollars annually in transportation costs, but also as permitting better opportunity to compete with other steel producing centers. The reduced rate, to become effective immediately, is the first made in ten years. It follows several years of controversy at the start of which the railroads, in order to meet water transportation rates, offered to cut the rail charge to 8 cents a hundred pounds. At the time the commerce commission was committed to a waterway policy, and the petition of the railroad was denied.

Local Wagon Wheat

City grain elevators are paying 65c for No. 1 red wheat and 64c for No. 1 hard wheat. Other Livestock EAST BUFFALO! May 25.—Hogs—On sale, 6.000; slow, steady to strong: 220--.50 lbs.. $6.65@7; few heavier weights, |6-40@8-60; pigs. $7<g>7.25; packing sows, $5®5.50. Cattle—Receipts. 1.400;' led steers and yearlings slow, 25 to 50 cents lower: good to choice light weight steers and earlings, $8: bulk fed offerings. $6.75® 7.50: best light weight heifers, $7.75; others, $7®7.65; she stock about steady: fat cows. [email protected] cutters, mostly s2@ 3.50; bulls, 25c lower: medium grades, $3.50®4. Calves—Receipts, 2.200; mostly steady: good to choice vealers. [email protected]'; common to medium. $4.50®7.50. Sheep— Receipts, 2.000: lambs, fairly active and fully steady; desirable springers, sll @l2; common to medium, sß® 10; best shorn lambs, $9: others down to $8; sheep, steady: shorn ewes. $l.SO@3. Sorority Elects BLOOMINGTON, Ind., May 25. The following co-eds have been elected officers of the Theta Sigma Phi national professional journalistic sorority at Indiana university for next year: President, Mary Marjorie Mull, Homer; vice-presi-dent, Martha Ellen Wright, Bloomington; secretary, Naomi Osborne, Richmond, and treasurer, Urcel Daniels, Clinton. Miss Mull will attend the national convention of the sorority to be held June 21 and 22 at the University of Missouri. Columbus, Mo.

DISASTER NEEDED TO CUT GRAIN SURPLUS

Bumper Crops Promise to Add to World’s Huge Oversupply. By United Press CHICAGO, May 25.—Catastrophe must come to the aid of the wheat market if the veritable mountains of golden grain awaiting purchase the world over are not to be made higher. Unless unprecedented droughts or other disasters smite vast fields of wheat now sprouting, dealers on the Chicago Board of Trade see a world’s carryover at the end of the present “wheat year” on June 30 of approximately 600.000,000 bushels. That is almost 100,000.000 bushels more than last year’s surplus and an excess over world needs of 350,000,000 bushels. United States graineries and elevators are bulging with grain. Room must be found somewhere, somehow for the new crop—unless the catastrophe and the disasters are forthcoming. America’s southwest promises a bumper crop. Growing conditions are not quite so favorable in the spring wheat areas of the northwest. where wheat acreage has been reducai somewhat at the behest ci.

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

Following is the explanation of “Ripley’s “Believe It or Not” which appeared in Saturday’s Times. Friedrich II Spent $4,000 000 for Snuff Boxes —Friedrich II (the Great), King of Prussia (17121786), who was a talented ruler, legislator, and general, was rather eccentric in his financial conduct. Regarding himself as “the first servant of the state,” he practiced the most rigid economy in his private household. When he died, he left behind him the best filled treasury in Europe, a personal wardrobe worth $lO, and 400 snuff boxes, each of which was worth at least $lO 000. An Ant Flagged a Train— During September, 1930. Southern Railway train No. 41, a crack fast train, reached Bearden, Tenn., and was run on a siding, stopped by a “red board.” After a long wait an investigation showed that a tiny red ant had crawled into the signal box and caused the automatic signal to switch from green to red. This was reported to me by Mrs. Roy N. Emert, of Sweetwater, Tenn. Tuesday: “A Judgment for More Money Than Exists.” CHURCH CLASH ENDS Court Returns Realty to Kokomo Quaker Organization. By Times Special KOKOMO, Ind., May 25.-A ruling in Howard circuit court has ended a controversy between two local church groups. The ruling given to the Courtland Avenue Kriends Monthly Meeting a lot and building at Main and Wheeler streets. This ruling was against the sect known as the Newlight Christian church. The church property was originally that of the Friends, but it was transferred to a mission group with the understanding that the church to be formed would be of the Friends denomination. After some dissension in the new group, their organization was broken up, one faction returning to the mother church and the other forming the Newlight church. Since the trouble between the groups started, two trials have resulted, the first in 1927 before Judge John Marshall and the second a few weeks ago. Youth Shot Fatally By United Press HAMMOND, Ind., May 25.—8. C. Ross, 16, Indiana Harbor, was fatally wounded when he ran in front of Thomas Stewart, 15, while the latter was shooting at birds near here. Stewart is held by police for questioning.

government experts and where scant precipitation this spring has left the sub-soil lacking in moisture. Canada’s spring wheat crop in three western provinces also has been beset by lack of moisture and recent low temperatures. Despite showers and snows the last few days, the average rainfall is nearly two inches under normal. Grain experts estimate, however, that North America will have on hand this year a total wheat surplus of 1,050,513,000 bushels. What to do with this ocean of wheat is the question. The European situation is somewhat more cheering. Russia has planted slightly more wheat than at this time a year ago, but is reported far behind in completion of its widely heralded “five year industrialization plan.” Bad weather throughout Europe has interfered meanwhile with progress of the crops and it now appears as if the record yields of last year will not be repeated. Argentina, the third great wheat producer of the world, promises acreage production of between 15 and 20 per cent. Australia, ranking fourth among the international “bread-baskets,” plans on reducing wheat acreage-even more sharply, even up to 30 cent* __

Lc *r Registered 0. & O V Fatent Office RIPLEY

Dow-Jones Summary

Ohio Oil Company and subsidiaries twelve months ended March 31, 1931, net income $8,203,812 after depredation, depletion, federal taxes, etc. California erode oil output ln week ended May 23, averaged 537,800 barrels daily, an increase es 3,300 over previous week, according to California Oil World. Northern Pacific April net operating income $9,358 against $215,296 ln April, 1930. Four months $415,561 against sl,342,152. American Maize Products Corporation plans construction in Los Angeles of a Pacific Coast plant to cost approximately $10,000,000. World 1930 automobile production declined 34.6 per cent from 1929 to 4,109,231, according to commerce department. Associated Telephone and Telegraph Company 1930 net Income $2,240,000 against $2,233,324 in 1929. Irving Fishers wholesale commodity pripe index, week May 22, 71.0, off 8-10 from previous week. During first twenty-one davs of May St. Paul Railroad handled 90.024 revenue cars against 108,729 in like period of 1930, and Chicago & Northwestern handled 89,467 against 103.301. Canadian Pacific third week May arose amounted to $2,664,000, a decrease of $650,000 from like week of 1930. From Jan, 1 to May 21, gross $54,438,000. a decrease of $9,890. Report of Central Public Service Corporation and subsidiaries for year ended Dec. 31, 1930. Irrespective of dates of acquisition of subsidiaries show profit of $5,535,052 after general taxes, interest, subsidiaries’ preferred dividends, etc., but before retirement provision and miscellaneous charges.

Births Girls Theodore and Gladys Chadwick. 4025 East Thirtv-first. Cecil and Mary Richardson. 865 Virginia. Boys Oscar and Ida Yates. 338 South Gale Austin and Gladys DeMoss. 2173 North Drexel. Herbert and Cordelia Taylor. 3115 West Pratt. William and Mellie Clotilde. 432 South Alabama Louis and Leona Flynu. 1226 North Colorado. Charles and Clara Haviland, 921 Mills. Twins Herschei and Mary Mills, 450 North Concord, girls. Deaths Elizabeth Graham Powell, 58. 3517 Kenwood. pernicous anemia. Eliztbeth Heavenridge. 78. Central Indiana hospital, cerebral apolsxy. Emil H. Jennigs. 63, 124 East Pratt, chronic myocarditis. . .. , Clara Louise Haun. 24. city hospital, fractured skull, accidental. Louise Krannert. 68. Methodist hospital, carcinoma. Elisha Dean, 9. Riley hospital, acute appendicitis. Lculs Newberger, 48. Lincoln hotel, myocarditis. Elizabeth Swazy. 52. 403 North Denny, carcinoma. Ida Clauser, 68. 520 East Vermont, lobar pneumonia. Maryland Baglan. 28 days. St. Vincent’s hospital, broncho pneumonia. William P. Lewis. 64, 2115 Lambert, aortic stenosis. Jesse Hartley. 51. 737 King, carcinoma. Mary Murphey. 72. Long hospital, carcinoma. Isabella F. Bowman. 66, 32 South Butler, chronic myocarditis. George Frank Ralston. 64, 425 North Gray, apoplexy. Chauncey Clark, 75, 3504 East Fall Creek, anigna pectoris. Edward J. Gausepohl. 66. 2363 Broadway, chronic myocarditis. Ella Ogden. 58. city hospital, mitral insufficiency. Gesine Hoffmark, 73. Methodist hospital, chronic cholecystitis. Frank Haines, 65. 1236 East Ohio, myo-' carditis. Mabel Florence Lee. 59. 418 Harvard place, coronary thrombosis. John Green, 3, 2325 Conrad, broncho pneumonia. David H. Boultinghouse. 51, Methodist hospital, tumor of brain. Elizabeth Raquet. 64. 5017 Broadway, broncho pneumonia. / Legion to Meet Tuesday NEWCASTLE, Ind., May 25.—A Sixth district meeting of the American Legion will be held here Tuesday night as a celebration of reaching the membership gain quota of the district. The principal speaker will be James F. Barton, national adjutant of the legion. Attendance of 250 to 300 is expected. A parade at 6:15 p. m. will open the program, to £e followed by a banquet.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New Teak Stock Exchange Chicago Stock Exchange New Tork Cotton Exchange Chicago Board o! Trade New Tork Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

.MAY 25, 1931

GRAIN FUTURES i TURN WEAK ON - BEARISH NEWS Short Covering at Close Fails to Lift Options Out of Rut. BY HAROLD E. RAXWILLE United Preaa Staff Correspondent CHICAGO. May 25.—Wheat rallied toward the close on the Board of Trade today to finish within fractions of the previous close w-hen shorts covered, but did not hold the best prices. Shorts became active vhen corn steadied and on a report by a crop expert placing probable damage in Kansas between 10.000.000 and 15,000,000 bushels from the freezing temperatures of last week. A decrease 0f.275.000 bushels in the visible supply had little effect. The market was unsettled, July setting anew low at the outset while the deferred months equaled “l® “? ttom mark for the season later. All deliveries of corn, except May, set new low prices early. Close Is Lower , Short covering rallied the market at one time, but the finish was off sharply. Oats followed com closely. At the close wheat was ** to V-c lower with May %c higher, com was * %c lower and oats were 7 ® IC down. Provisions were steady to easy, recovering from new low' ground. With only five trading days remainmg in May, producers are availing themselves of the stabilized prices which are about 22 cents above the market on old wheat. Receipts today at Chicago were 406 cars; at Kansas City, 647, and at St, Louis, 135, while many other points reported large arrivals. Cash prices were unchanged. Winnipeg and Liverpool were closed today. Cash Com Off Com held steady at the Initial decline during the morning with the market showing % to \ cent lower at mid-session. May alone held out of new ground, but all the other months set new lows for the season, Decefnber falling to within 2 cents of the low set in 1921. Weather was favorable for field work on the new crop and w as the main depressing influence. Cash prices were Va to 1 cent lower. Receipts were 192 cars. Oats resisted at the start but quickly fell % to *i cent in sympathy with com when the latter grain struck new bottom. Otherwise the pit was dull and featureless. Cash prices were % to % cent lower. Receipts were 49 cars. Chicago Grain Table WHEAT— “ May 2a ~ Open. High. Low. Close, close! May (old). .82% .82% .82 .82% 83 r t New - -?S* - 861/ -85 .86 i ul V 58 .59 .58 .58% .58% Sept 58% .58% .57% .58 . 58% Dec 6i% .63% .61% .61% .61% CORN— May (old). .54% .55% .54 .54% .55% New. 541,: 55 July 54% .55% .54% .54% .n5% Sept 52% .53 5 , .52% .52% .53% Dec 46% .47% .46 s , .46% .47% OATS— May (old). .37** .27% .27 ,27'i 28 New. .27% .27% .27 27'J JulV 37 V, .371* .26% .26'? 27% Sept 26% .26% .26% .26% 26’? Dec 29% .29% .23% .28% .29% RYE—May iiffd). .36% .87% .36% 37 New. .36% .37% .36% .37% ! ’ JulV 37% .38% .37% .37% 38% Sent 37% 38% .37% .38% .38 Dec 41% .41% .41% .41% .... LARD— May 737 743 July 7.45 7.47 742 7.45 747 Sept. ... 7.57 760 755 7.55 757 Oct. 7.55 7.55 7.47 7.50 7.50 . BELLIES— Mv g.lO 810 July 8.20 820 By Times Special ..CHICAGO. May 25—Carlots; Wheat. 154; corn. 82; oats. 11; rye. 1. and barley* 5. May 25 —Cash grain close: ? N °- 1 ced, 83%c; No. f hard. 83% ®- 83 %c:, No. 2 hard. 83%c@83%c; No 3' hard 83'/*c: No. 1 northern, 83%c. CornNo. 2 mixed. 54%@55c; No. 3 mixed. 54V*c; NO. 1 yellow, 55%@55%c: No. 2 reUoff\ 55®55%c; No. 3 yellow. 54%®54%c: No. * yellow 53®.53 %c: No. 6 yellow, 51 %c; No. 2 whjte, 56c; No. 3 white. 55c; Sample S, r A de - 39c i Oats—No. 2 white. 28 %® 28%c; No 3 White. 27@27%e. Rve—None. Barley—3B® 62c. Timothy Clover, $10.25 @17.25. By United Press f _JP L EDD* 0.. May 25—Close- Gram on cents rate wheat No. 2. red. l 4 7 A sC '_ No -, 1 red 1 cent premium 2 J® I ]®*. 56®57c; N0.3 yellow. 54%®55%c Oats—No. 2 white. 30@30%e l . „£ hlf 2v, 29 ® 30c - Clover—Domestic prime old. $13.75: prime new, SH; prime choice new $14.25: prime choice o\d. sl4. October. $14.25: December, 514.50. Alayke “sash. sl4. Butter—Fancy creamery, 26 '2.2 ic. Eggs—Country run. 16@17e. HayTimothy per cwt. $1.25.

Cash Grain

——hCfly 25 \°C CAr ] ° ts of grain at the call of the Indianapolis Board of Trade, f. a b., shipping point, basis 41%c New YorK rate, were: Wheat—Steady; No. 1 red, 72374 - No. 2 red, 71®72c; No. 2 hard. 72374 c Corn—Steady; No. 2 white 50®52c; No. 3 white 49350 c; No. 2 yellow 49%®594c; 47°i' <**'!/L. oV s<t 48 ‘ 5, 549%c; No. 2 mixed. 47%3 46%e : No. 3 mixed. 48%347%c. Oats—Steady; No. 2 white No. 3 white, 24%325%c °’ b country points taking 23%c or less rates to Cincinnati or Louisville); No. 1 timothy, sl4® 14 5f 17 w hy ’i * 50: No - 3 Umothv. l i ll ? ht clover mixed. sl3 @13.50, No. I clover mixed, [email protected]; No 1 clover hay, [email protected]. ’ ” —lnspections—rC4’ 9 CarS: N °- 3 red - 1 car. No. 1 hard 23 cars. Total. 33 cars Com tnewi—No. 2 white. 5 cars; No 3 white. 3 cars; No. 4 white. 1 car; No 5 white. 1 car; No. 2 yellow. 8 cars; N TotaL °24’ No ’ 4 yeUow ’ 1 -• Oats—No. 1 white. 3 cars. No. 2 white cars 3 ”’ sampI ® * hite * 1 car. Total. 10 STEEL GROUP TO ELECT Discussion of New Fuel to Feature Dinner at Severin. Election of officers and a discus-’ sion of “Butane,” new commercial fuel, will feature the dinner meeting tonight at the Severin of the Indianapolis chapter of the American Society for Steel Treating. S. H. Harlow, manager of the Philfuels Company, a subsidary of the Phillips Petroleum Company, will speak. Members nominated for offices by a special committee are; For chairman, E. S. Moore; vice-chairman! R. J. Owen; secretary, A. E. Focke, and treasurer, Axel Weydell.