Indianapolis Times, Volume 43, Number 251, Indianapolis, Marion County, 27 February 1932 — Page 15

FEB. 27, 1932.

BULL REPORTS FAIL TO BOOST STOCK ISSUES Government Bonds Respond to Reserve Bank Rate Reduction.

Average Stock Prices

Average cl thirty Industrials lor Thursday 8205. oil .68 Average ol twenty tails 36.71, off .55. Average ol twenty utilities 33.65, oil 28. Average ol forty bonds 79.74, up 01. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Frb. 20.-A definite trend toward an easy money policy on the part of the federal reserve, passage of the GlassStcagaU bill and a greater than seasonal decline in mony in circulation failed today to generate a rising stock market. According to preliminary calculation the Dow, Jones & Cos. industrial average stood at 82.09, up .04 point; rail average at 35.52, off. 19 tioint, and utility average at 33.49, off .16 point. Sales totaled 900,000 shares, compared with 1,000,000 shares Thursday. Prices were firm for a time after a drop in the early trading, but late in the day the list graduall slipped back, closing irregular. Dealings were on a small scale throughout the session. Lack of demand for stocks on the horde of favorable news items was explained by the reduced short interest which left the market without buying power for a rally. Brokers’ Loans OFT A decline of $10,000,000 in brokerage loans for the week ended Wednesday showed falling off in outside demand for shares. United States government bonds responded at once to the reduction in the New York federal reserve rediscount rate from 3% to 3 per cent; a drop in the reserve bill buying rate, and lower rates for bankers’ acceptances. Nearly all of these issues rose to new highs for the year and the bond market generally was firm. Numerous special issues were bid up. including Western Dairy issues, Gillette, Industrial Rayon, Kaufman Department Stores A., United States Industrial Alcohol, National Distilleres and Allied Chemical. Standard Brands firmed up on declaration of the regular quarterly dividend. Kreuger <fc Toll held steady in the face of a sharp decline in Kreuger & Toll B stock on the Stockholm bourse. Selling in match stocks there was induced by reports there would be a reduction in the forthcoming dividend of Swedish Match. Steel Shares Weak „ United States Steel held near the previous close to which it recovered after an easy decline. Near the close, it declined again. Other industrial leaders behaved better than Steel which was under the influence of lower operations in the steel industry. Atchison was a strong spot in an otherwise colorless railroad list. Utilities also fluctuated narrowly, although pressure against Utilities Power and Light A brought that issue to anew low for the year on the big board, while the common made anew low on the curb. Steel common closed at 4714, off i. American Telephone at 126 Vi, off Vi and American Can 66%, off 1% and Auburn Auto 89 Vi, off 1%. Gillette closed at 20%, up 1% after touching 21. Forecast Stock Rise The Glass-Steagal! bill was expected to be in operation next week and the easier money policy of the federal reserve already was in motion. Aid from the federal reserve through the expanded credit facilities provided in the new bank bill vas expected to check bank failures and thus instill sentiment which would preclude dumping of bonds on the bond market. Stocks were expected to benefit gradually from firm bond prices. Some believed further foreign gold withdrawals might offset the good effects of the new bank bill, but thfe latter will free enough gold to nullify further withdrawals, according to bankers.

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 26 Clearings $2,268,000.00 Debits 5,135.000.00 TREASURY STATEMENT —Feb. 26Net Balan## for Feb. 24. .$465,942,586.62 Expenditures 7.902,830.62 Customs rects. mo to date. 18.501,812.17

New York Curb Market

(By Thomson k McKinnon) —Feb. 26 Close. Close. Alum Cos ol Am 49'_. Hudson Bay .. IT* Am Cyanamid.. 3%ilnsull Ut 3’/ Am Gas & El.. 34% Int Super 10 | Am Lt k Trac. 20 Imp Oil of Can 9% Am Sup Pwr.. 3% Int Pet 9% Ark Gas A ... 2% Midwest Util... 2% Asso Gas k El. 3% Mt Prod S*, Braz Pwr & Lt 11%; Nat Aviation .. 3 Can Marc 1 ' Nia Hud Pwr.. 6% Cent Sts El ... l%|Penroad 3% Cities Service.. 6% St Regis Paper 4% Com Edison ..106 1 Sel Indus 1% Cord 5 So Penn Oil .. 12% Deere k C 0... 9'*iSo Union Gas.. 2 Klee Bond A Sh 10 Std of Ind .... 15% Elec Fwr Assn. 8 Stutz 12 s * Gen Aviation.. 3% Trans Air Trans 3 Ford of Can.. 14 lUn Gas A 2% Ford of Eng .. 5% Un Lt k Pwr.. 6V Ford of France s%'Un Verde 3 s * Fox Thea .... %lUt Pwr 2 Ooldman Sachs 2% Van Camp 1 Great A k P... 146 Un Fndrs 3 Gulf Oil ...... 2%|

In the Cotton Markets

(Bv Thomson & McKinnon* NEW YORK, Feb. 26—First prices in cotton were a trifle higher on cables and considerable buying credited to Liverpool, but when this demand was filled, prices eased on moderate southern and local selling. Ihere was no particular cotton news. The market may be due for a moderate technical reaction. NEW ORLEANS —Feb. 26 High. Low. Last. January 7.72 7 65 7.65 March 6 96 6.90 6.90 May 7.15 7.06 7.07 July 7.29 7.22 723 October 7.46 7.42 7.42 December 7.64 7 59 7.80 CHICAGO i H.gh. Low. Close. Mure* 7 09 7.02 7.02 May .. 7.25 7.16 7.16 July 7.41 7 33 7 33 October 7.58 7 52 7.53 NEV YORK High. Low. Close January 7.76 7.66 7 66 March ...' 700 6.91 691 May 7.16 7.05 7.05 July 7 32 7.23 7 23 October 7.55 7 44 7.44 December 7.69 7.60 7.60

New York Stocks IHv rhotnson & McKinnon) -

By United Press NEW YORK, Feb. 26—Sales on the New York Stock Exchange today totaled 900.000 shares. Curb stock sales totaled 150,000 shares. —Feb. 26 Railroad*— Ptev. High. Low. Close, close. Atchison 811* 79% 81 79% Atl Coast Line 28 It 28% Balt k Ohio.. 17% 16% 16*4 17 Chesa k Ohio .. 23% 23% 23% 23% Chesa Com 17V* 16'a }*% 17% Can Pac 15*4 15% 15*4 15% Chi Ort West... .. ... ... 3 Chi N West.... # > 8% B*4 CR I A P 10% 10’* 10% 10Va Del & Hudson.. ... ... 81 83 Erie 8% 8% 8!a ... Erie Ist old .... ... 10 Great Northern.. 19% 19% 19V. 20 Illinois Central.. 13% 13 13 * 13% Lou k Nash... 24 23'4 23V* 26 M K k T ... < Pacific , ... 8 BVa 'Mo Pacific Old. 18% 18 18Va 18% |N Y Central... 30V. 29% 29% 30V, NYNH kH. 25'* 24% % 25Va Nor Pacific .... 19% 19% 19% 19% Norfolk k West 126 126 O k W 7% 7V* Pennsylvania . .. 19V* 19*4 19% 19% Seaboard Air L.. .. ... '4 ... So Pacific 37% 26 V* 26 V* 28 I Southern Ry ... 10* 10 10 lo'/s St Paul 2y* St Paul pld 3% 4 St L k 8 F 4** 4% 4% 4% Union Pacific .. 83 81% 82% 81% Wabash 3 ... W Maryland 6 6 West Pacific 2% ... Equipments— Am Car <Sc Fdy 7% Am Bteel Fd 6% Oen Am Tank .. 32% 32 32. 32 General Elec ... 20% 20% 20'/a 20% Gen Ry Signal.. 25% 25 25 25 N Y Air Brake 8 ... Press Stl Car 2% Pullman 22 21% 21% ... Westingh Ar B 15% ... Westingn Elec.. 30% 28% 30 30 Rubbers— Firestone 13 13 Fisk Vs Vs Goodrich 4% 4% 4% 4% Goodyear 15% 15% 15% la% Kelly Sprgfi.d .. 2% 2 2% 2 U 8 Rubber 4% Motors— ... Auburn 92% 87 % 89 Vi 91% Chrysler 13% 12% 12V* 12% General Motors. 21% 21 21% 21% Graham Paige .. 38 3 3'/s 3 Hudson „ 7% 7% Hupp 4 3V4 3% 3% Mack 16% 15% 15 14% Marmon IV* ... Nash 17% 17% Packard 4 3% 3% 4 Peerless 3% ... Reo 2% 2% Studebaker 10% 10'/* 10% 10% White Mot .• 9% Yellow Truck... 3% 3% 3% 3% Motor Access— Bend lx Aviation 16 15% 15% 15 7 /s Borg Warner 10% ... Briggs 9% 9 Vi 9% 9% Budd Wheel 3% ... Campbell Wy 6% Eaton 6% 6% El Auto Lite 29% 28Vi 29% 29 El Storage B 30% 30% Hayes Body 1% 1% Houda 3% Murray Body ..8% 8% 8% 8% Sparks W 2% ... Stewart Warner S'/* SV. 5% ... Tlmkin Roll ... 20 19% 19% 19% Mining— Am Metals 4% ... Am Smelt 15 14% 15 15V4 Anaconda Cop .. 9‘/a 9V* 9% 9% Alaska Jun 14% Cal k Hecla 3 Cerro de Pasco. 11V4 11% 11% 11% Dome Mines 9% 9% 9% 9Vi Freeport Texas 18% 18'/s 18'/ 17% Granby Corp 6 6% Great Nor Ore 12 Vi Howe Sound 10% 10% io% ... Int Nickel 7% 7% 7% 7% Isl Crk Coal 15% .. Kennecott Cop.. 9% 9 9 9’/* Magma Cop 7 Miami Copper... 3'/s 3 3'/a ... Nev Cons 4Vi 4% 4% ... Noranda 14 13V, 14 14 Texas Gul Sul.. 24% 24 24% 23% U S Smelt 16% 16 OilsAm Republic 3 Atl Refining 10% 10V* 10% 10 Barnsdall 4% 4% 4% 4% Houston 3% ... Mex Sbd 8 7Vi 8 Mid Conti 5% 5% Ohio Oil 5% 5% 5% 5% Phillips 5 V* 4% 4% 4% Prairie Pipe 8 7% 8 7% Pr Oil k Gas... 5% 5% 5% ... Pure Oil 4% 4Vi 4Vi 4% Richfield ... ... % Royal Dutch 19% 19 19 ... Shell Un 3% 3% Simms Pt 5% 5 5 5 Sinclair 5% 5% 3% 5% Skelly ... 33 Stand ol Cal ... 24% 24% 24% 24% Stand ol NJ .. 28% 28V* 28% 28 Soc Vac 10 9Vi 10 10 Texas Cos 11% 11% 11% 11 Vi Union Oil 12% Steels— Am Roll Mills.. 12'/* 11% 11% 11% Bethlehem 21% 21V* 21% 21% Byers A M 17% .)% 16% 17% Colo Fuel 8% 8% 8% ... Inland 23 Ludlum 4% ... McKeesport Tin. 60% 58% 58% 59% Midland 8 7% 8 8 Repub I k S ... 5% s'/* 5% 5% U S Steel 48'/ 46% 47V* 48 Vanadium 17% 16% 16% 17 Youngst S k T 15% 15 Tobaccos— Aru Sumatra. .. .. ... .. 4% Am Tob 3 New 80% 80 80% 80% Con Cigars 23% 23 23 25% Lig k Myers B. 56 55 55% 55% Lorillard. 14% 14% 14% 14% Reynolds Tob .. 38 37% 37% 37% Tob Pr A BVi 8 8% ... Tob Pr B 5% 5% 5Vi 4% Utilities— Abitibi 2% 2% Adams Exp 5 4% 5 4% Am For Pwr 7% 7V4 7Vi 7% Am Pwr & Li... 15V* 14% 14% 14% A T & T 127% 126'/* 126% 127 Col Gas k E 1... 14% 14 14 14 Com & Sou 4 3Vi 4 3% Cons Gas 63 61% 61 Vi 62% El Pwr k Li.... 12% 12'% 12% 12% Gen Gas A 2Ve 2 2 2 Inti T k T 11 10% 10% 10% Lou Gas & El.. 22% 22 22 Natl Pwr k Li.. 14% 13% 13% 13% No Amer C 0... 37% 36% 36% 37 Pac Gas k E 1... 35% 35% 35% 35% Pub Ser N J... 56% 56 56 56V* So Cal Edison. 32% 31% 32 31 Vi Std G k El 28'% 28 28% 28% United Corp 9V* 8% 9 8% Un Gas Imp .. 20% 19% 20% 20 Ut Pwr ALA. 8 6 8% 8 West Union 45 Vi 44 44% 45 Shinning— Am Inti Corn... 7% 7% 7% 7% N Y Shin 5% 5 5% 5% United Fruit... 26 25% 26 25% Foods— Am Sug 24% ... Armour A 1% 1% 1% IV4 Beechnut Pkg 40 Cal Pkg 10% 10% Can Dry 10% 11% Coca Cola ... 113% 113% Cont Baking A.. .. ... ... 5% Com Prod 44 Vi 43% 44% 43% Cudahy Pkg ... 33 Gen Foods 36 35% 36 35% Grand Union.... 8% 8% 8% 8% Hershev 80% Jewel Tea 31 Kroger 16% 15% 16 15% Nat Biscuit 43% 43 43% 43% Natl Dairy 28% 27** 37% 27% Purity Bak 14Vi 13 14 13V* Pillsbury ... 21% Safeway St .... 52% 50% 50% 50% Std Brands ... 12% 12% 12% 12V4 Ward Bkg 2 Drugs— Coty Inc 3% ... Drug Inc 53 52% 52% 53 Lambert Cos 47% 45% 45V* 47 Lehn k Fink 19% 20% Industrials— Am Radiator.... 7% 7% 7% 7V* Bush Term 17 s * 17 Vi Gen Asphalt 12Vi ... Lehigh Port ... ... 5% Otis Elev 17% 17 17 16% Ulen 2% Indus Chems— Air Red 57 55 55 55% Allied Chem ... 77% 75% 76 76Vi Com Solv 8% 8% 8% BVi Dupont 55% Union Carb .... 31% 30% 30% 31 U S Ind A1c0... 28% 27% 27 s * 27% Retail Stores— Gtmbel Bros 1% ... Kresge S S 16% 16 16 16% Mont Ward 9% 9', 9% 9 Penny J C 31% 30%337,0 7 , 30% Schulte Ret St 32% Sears Roe 33% 33% 33% 33 Woolworth 43% 42% 42% 43% Amusement,— Croslev Radio ... -3% Eastman Kod... 80 78 78% 78% Fox Film A 3% 3% 3% 3% Grigsbv Gru 1% 1% Loews Inc 32 30% 31% 31% Param Fam.... 10% 9% 9% 9 Radio Corp 9% 9 9% 9% R-K-O 5% 5% 5% 5% Warner Bros .... 3% 3% 3% 3 Miscellaneous — City Ice k Fu 27% 27% Congoleum 10% ...

GRAIN LAW OPPOSED BY MILLING HEADS

Millers Voice Disapproval of Proposed Sales Restrictions. By United Press WASHINGTON, Feb. 26.—Peter Carey, president of the Chicago Board of Trade, told the house agriculture committee today that President Hoover has failed to furnish him any information as to the chief executive’s charge last July that a group of operators was making bear raids on the Chicago Grand Exchange. Carey, who appeared to oppose proposed restriction of short selling, explained that he came to see the President here and was told that the

Proc k Gam... 40% 4040 40 Allis Chal 10% 10% 10% 10% Am Can 68% 86% 67% J I Case 37% 35% 35% 36% Cont Can 18 37% 38 37% Curtiss Wr 1% I s * 1% 1% Oillette S R 21 19% 20% 19% Gold Dust 17% 17 17% 17 Int Harv 24% 23% 23% 24 Int Bus M 104 s * 104 104% 103% Real Silk 3% 3 s * Un Arclt 16% 15% 15% 16'/.

Chicago Stocks ——'By James T. Hamill k Cos ‘

TOTAL SALES. 43.000 SHARES —Feb. 26 High. Low. Close. Amer Equities 2% 2% 2% Asso Telephone Util 5% 5% 5% Bendlx Aviation 16 15 s * 15 s ,* Binks Mlg 3% Borg Warner 10% 10% 10% E L Bruce Cos 11 Butler Bros 2 Cent 111 Sec com 1% Cent Pub Serv Cl A 1% Cent k So West 5% 5% 5% Cities Service 6V* 6 6% Com Edison 108’, 2 105',* 106 Continental Chicago .. 2 Conti Chicago pld 18% 18 18 Cord Corp 5% 4V, 5 Corp Securities 1 Electric Household .... 4% 4% 4% Great Lakes Aircralt... 1% Grigsbv-Grunow 1% 1% ju Houdaille-Hershev A ... 10 Insull Util Invest 2% 2% 2% Insull Util Inv uld 2d sr 4% Kellogg Switch com ... 2% Llbbv-McNeil 3% Lynch Corp 17% 17% 177, Marshall Field 3 ... . * McGraw Electric 5% 5 5% Middle West Utilities.. 4 3% 4 Mid West Util 6% pf A 31% 28% 28% Midland United 3% 33 Missouri Kansas Pipe L 1 Natl Elec Pwr A 8% National Standard 19 N Amer Light k Pwr.. 15 i3% ’i3% Parker Pen 5 Pines Winterlront 37* 3V4 ' 37i Public Service N P ...106 103 104'. Quaker Oats 96% 96 96 Swilt kCo 18% 18% 18% Swift Internacional ... 22'/* 1 U 8 Gypsum com 24 U S Radio & Te! 11 io% 'ii Utility k Ind 2% 2% 2% Utility k Ind pld 10% Walgreen Cos com 11 io% *ii

investment Trust Shares

PRICES ARE TO 12 NOON C. S. T. (By Gibson k Bernard! Sid Ask Am Founder Corp com V* ... Am k Gen Sec A 3% ... Am Inv Tr shares 2% Basic Industry shares 2% ... Collateral Trustee shares A... 4 4% Cumulative Trust shares 3% 3% Diversified Trustee shares A... 7% ... Fixed Trust Oil shares 2% ... Fixed Trust shares A 7Va ... Fundamental Trust shares A... 3% 4 Fundamental Trust shares 8.. 3% 4% Leaders ol Industry A 3% ... Low Priced shares 3% 3% Nation Wide Securities 3% 5% Selected American shares 2% 2% Selected Cumulative shares.. 6 6% Selected Income shares 3% 3% Shawmut Bank Inv Trust ... 2 3% Std Am Trust shares 3% 3% Super Corp of Am Trust shares 3% 3% Trustee Std Oil A 3% . . Trustee Std Oil B 3% 3% Unified Service Trust shares A 2% ... U S Elec Light k Pow A 17% 19% Universal Trust shares 2% 374

Net Changes

/%/ United Press NEW YORK, Feb. 26.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Allied Chemical 76 American Can .. 66% 1% American Smelting 15 ... % American Telephone 126% ... % Auburn 89'/a ... 2 Bethlehem Steel 21% ... % Ug se 35% ... 1% Consolidated Gas 61 7 /* .. y, •Du Pont 54% ... % Electric Power (unch.) 12% ... . General Electric (unch.).. 20% ... General Motors (unch.).... 21% ... Gillette 20% 1% ... International Telephone ... 10% . . "% Loew’s, Inc 31 y. v. N Y Central 29% . . % North American 36% ... % Public Service 56 ... % Radio 9% ... % Sears Roebuck 33'A % Standard Gas 2814 . % Standard Oil, N. J 28% % Transamerica 5% ... % Union Carbide 30% ... % United Corp 9 % U S Steel 47% % Westinghouse Elec (unch.). 30 ... .. Woolworth - 42% ... %

Local Wagon Wheat

City grain elevators are paving 47c for No. 2 red wheat and 47c for No. 2 hard wheat.

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, Feb. 26.—The action of stocks today suggested that the cut in the rediscount rate had been largely anticipated by the market. Bonds, however, responded better, with governments and some railroad issues making new highs for the year. Obviously the commercial benefits of lower interest rates are not immediate. That was demonstrated last year when unprecedentedly low money rates prevailed. But easier credit does make recovery possible and less difficult. That, of course, is the object of the whole reconstruction program. The relief measures lately undertaken are not expected to increase business. But they do help remove obstacles and handicaps, some of which have almost strangled trade, namely, fear. Nor are they curealls. Just the same, they give us time during which more fundamental remedies may be applied. With fear under control, our perspective becomes more normal. We feel free in attempting to satisfy human demand. The desire to create more wealth and not to hoard what we have in time will again dominate our actions. In our opinion, what is being attempted today is the restoration in the minds of our people the thought that confidence is warranted and that prosperity will Return. Supporting our hopes in that direction may we quote the words of ex-President Coolidge: ‘ Some hope should be derived from what has been and some confidence entertained that the same again shall be.” RAW SUGAR PRICES —Feb. 26 January 1.16 1.15 1.16 March 95 .94 94 July 1.02 1.01 1.01 September 1.08 1.07 1 08 December 1.14 1.13 113

chief executive had charts and graphs to substantiate his charge, but that the President had never made them available to him. A group of millers was headed by Fred J. Lingham, Federal Mills, Inc., Lockport, N. Y., who st*d: “Millers are opposed to any legislation that would interfere with free trading in grain or grain commodities. We are opposed to handing over such authority to any one m£*i as is proposed to give the secretary of agriculture in this measure.” Other millers appearing included Willis C. Helm, Russell-Miller Milling Company. Minneapolis; Lester Perrin, Washburn, Crosby Company, Chicago, and George Hincke, Is-meat-Hinckle Milling Company, Kansas City, Me*

THE INDIANAPOLIS TIMES

PORKER PRICES HOLD GAINS ON FIRMJIEMAND Cattle Mostly Steady in Cleanup Trade; Lambs Unchanged. Hogs advanced 10 cents today on I slightly firmer demand and not too heavy receipts. The bulk. 130 to 325 pounds, sold for $3.75 to $4.25; early top recorded at $4.25. Receipts were estimated at 3,500; holdovers were 122. A cleanup trade was in progress in the cattle market, prices ruling steady with Thursday. Receipts were 40. Vealers were 50 cents lower, selling at $7.50 down. Calf receipts numbered 600. Trade in lambs was undeveloped. Asking was around $6.75 to $7 for fed westerns. Receipts were 2,000. Hogs opened 10 to 15 cents higher at Chicago, 180 to 210-pound weights going at $4.20 to $4.30. Early top was $4.30 with some held higher. Receipts were 23,000, including 8,000 direct. Holdovers were 8,000. Cattle receipts were 2,000; calves 500; market strong. Sheep, 12,000; 2 5 cents higher. HOGS Feb. Bulk. Early Top. Receipts. 19. $3.75© 4.15 " $4.15 6,500 20. 3.75® 4.25 4.25 1,000 22. 3.85© 4.35 4.35 3 000 23. 3.85® 4.35 4.35 5,000 24 3.75® 4.25 4.25 5.500 25. 3.7a© 4.15 4.15 5.000 26. 3.75@ 4.25 4.25 . 3,500 Receipts, 3,500; market, higher. (140-180) Good and choice...s 3.75® 4.00 —Light Lights—-(l6o-180) Good and choice.... 4.25 —Light Weights—-(lßo-200) Good and choice... 4.25 (200-220) Medium and g00d... 4.20 —Medium Weights—-(22o-250) Good and choice... 4.10© 4.20 (250-290) Medium and g00d... 3.95@ 4.0a —Heavy Weights—-(29o-350) Good and choice... 3.75@ 3.95 —Packing Sows—-(2so-500) Medium and g00d... 3.00® 3.50 (100-130) Slaughter pigs 3.50 CATTLE Receipts, 400; market, steady. Good and choice $ 6.00® 9.50 Common and medium 3.50© 6.00 „ J , (1.100-1,800) Good and choice 6.00® 9.50 Common and medium 4.25® 6.00 —Heifers— Good and choice .. 5.00® 7 00 Common and medium 3.00@ 5.00 —Cows— Good and choice 3.00® 3.75 Medium 2.50© 3 00 Cull and common 1.25® 2.50 —Bulls (yearlings excluded)— Good and choice beefs 2.75® 3.75 Cutter, common and medium.. .1,50® 2,75 CALVES AND VEALERS Receipts, 600; market, lower. —Vealers— Good and choice $ 7.00@ 7.50 Medium 5.00® 7.00 Cull and common 3.00© 5.00 —Calves— Good and choice 3.50@ 6.00 Common and medium 2.00® 3.50 —Stockers and Feeder Steers— Good and choice 4.00© 5.75 Common and medium 3 00© 400 „ . (600-1.500* Good and choice 4.00® 5 75 Common and medium 3.00® 4.00 SHEEP AND LAMBS Receipts, 2,000; market, steady. Good and choice $ 6.00(g) 700 common and medium 3.50© 6^oo Ewes, medium and choice..., 1.75© 300 Cull and common 75© 1/75

Other Livestock By United, Press CHICAGO, Feb. 26.—Roes Receipt* including 8,000 direct; 10@15c highfin *££? i- Tknrsaay’s average; lignt weignts up most, slow at advance; top, $4.35good to choice 170 to 210 lbs. largely $4.20 2 J?°“340 lbs., $3.80®4.2G; pigs s3® 3.50, light lights 140-160 lbs., good and choice, $3.90®4.2i>; light weight, 160-200 *“:• u goo -n£?!L choice ' [email protected]; medium S°od and choice, heavy weignts, 250-350 lbs.. §7? < KiS\ nt n, c * 10lce * 3 -70®4.05; packing sows, 275-500 lbs medium and good, $3.30® 3.65, slaughter pigs, 100-130 lbs., good and lni^ 3 '7 5 j Cattle—Receipts, 2000; calves, 500; fed steers and yearlings few loads weighty steers 5 1 8h er on shipper accountjSPjHy s^ ea , dy t 0 str ong on other killing classes, beef cows remaining slow and un?ood and choice steers topped at loh 3 q'no Sla ih ghter k c 2 tt,e ? nd vealers; steers, rJ|9-900 lbs., gbod and choice $6.75@9; lTon’i^nn lb fh B° odand choice, $6.75@9; o’. l °Q°nn ’?*-*??■■ good and choice, $7.25® o’- X°° d and Choice $6.75® 9 : Hoo'Hnn if.” gOO S an s c h oi ce, $7.25® o.* inn°°r*'n s n°°iJ bs ’ ’ good and choice, $7.25® ??' 1 L 30 S lbs., common and medium, s’4 @7.25; heifers, 550-850 lbs., good and choice, ss@7; common and medium, $3.25 ®5.25; cows good and choice, $3®4.25; common and medium, $2.25@3; low cutter riV, 3 [email protected]; bull yearlings excluded, good and choice beef. $2.75®3 40cutter to medium, $2.25® 3; vealers milK and , a n d choice. [email protected]; medium, $4.00®6, cull and common, $3®<4.50Stocker and feeder cattle; steers 500-1 050 lbs., good and choice, [email protected]; common d vm ■ $3.25®4.50. Sheep—Receipts, 12,000; full steady with Thursday’s decline; good and choice lambs, [email protected] to packers; sorted kinds held above $6 5G ° r a b ou t 25c higher; slaughter sheep and lambs, lambs 90 lbs. down good and choice, *[email protected]; medium $5.25®6; 91-100 lbs., medium to choice, $5.25 @6.75- all weights common, [email protected]; ewes 90-150 ibs., medium to choice, $2.25@4; all weights cull and common. •1.50®2.75; lambs, 50-75 lbs., good and choice, By United Press EAST BUFFALO. Feb. 26.—Hogs—On sale, 3,400; weights below 210 lbs., mostly steady; others strong to slightly higher; genera.l trade very active; bulk 160-210 jbs-. s 4 .jL°@ 4 -60; some held higher; 260-300 plgs 2 * 3 - 50 ® 4 - Cattle—ReSt*!”®: 175; cows draggy; weak to mostly , cut ter grades. [email protected]; few common steers and heifers, $4.50®5.25; other butchers stock unsold. c ®‘Pt s - ®-°00; good to choice vealers steady at $8.50@9; medium and lower grade vealers slow, unevenly lower; common and medium, $5®6.50. Sheep—Receipts, 2,300; fat iambs/ 25c lower; others unchanged good to choice wool lambs, $6.75®6.85; top. $7; common and medium. $5.506 6.25inferior throwouts downward to $4. By United Press *t5 J o i rt A y ET ili E ' 26 - — H og market steady to 10c higher; 160-180 ibs *4 in--180-200 lbs,, $4.05; 200-225 lbs $4 ’225-250 f 3 -? 3 * lbs - $3 - 6 °: 150-160 lbs. Rm.i : hi 30 is 50 x lbS - lbs.. $3.20: Srnbs^ S 's 6* 3 doWn ' top ca lves, $6.50; top By United Press EAST ST. LOUIS, Feb. 26—Hoes—Receipts. 8,500; market. 5&10c higherltop $4.20, most 150-240 lbs., s4@4 15; 240-290 * b 3 S !!o£W 4: r lo^ [email protected]. Cattle—Receipts, 600; calves receipts, 500; market, 25c lower on vealers! top vealers, 7.75; other classes generally steady, with hardly enough on sale *to a ,, n 2ls\ et , : „ a few medium fleshed steers, $4.85®5.10; top medium bull s $3 Sheep—Receipts, 700; market, steady; good to cnoice lambs to city butchers, $6.75; pac kers talking $6.50 down; throwouts, $4 @4.50; fat ewes, $2.50®8. By United Press eb - 26.—Hogs—Receipts, 700, holdover, none; steady to 10c higher; slow top $ 4 .50 on sorted 150-230-lb weights; others bid, $4.40; carrying lighter mixtures, $4.35. Cattle—Receipts, 300; 9sJ. ly 4 ?? bead on sale; steers available 25c spots 50c under Monday; but only one load sold; demand narrow; common 802 m. weight $5.10. Calves—Receipts, 100-' scattered vealers, steady; $669 according to common to choice quality. Sheep—Receipts, 500; desirable clippecf lambs steady, $6 to mostly $6.25; wooled skins practically absent. By United Press i PITTSBURGH Feb. 26.—Hogs—Receipts, 1,800-market mostly about steady; 150240 lbs.. $4.35@ 4.60; top. $4.65; 250-320 lbs., $4®4.25; 100-140 lbs., $3.50 64; packing sow,£. $3.25 downward. Cattle—Receipts, 15; market little changed: medium grade steers quoted around $56 6.25; medium heifers. $4.25®5.25; medium and good cows, s3@4. Calve? —Receipts, 125; market slow steady to 50c lower; better Srade vealers, $7.50@9; common and meium, s4® 6.50. Sheep—Receipts, 750; market lambs steady to 15c lower; choice fed western lambs, $6.75®6.85; good and choice grades $6.2566.75; common and medium, $466. By Times Special LOUISVILLE, Feb. 26.—Hogs—Receipts. 600; 10c higher; 175-235 lbs.. $4.30; 240-295 lbs.. $4; 300 lbs. up, $3.40; 175 lbs. down. $3.90; packing sows. $2.40 6 3.15: stags. $2.15. Cattle—Receipts. 150: slow and steady at Thursday’s decline; most plain and medium grade butcher cattle. 3.50415: few good to $6: bulk cows and bulls. $3.25 down: light stockers, [email protected]. Calves — Receipts. 250: slow. 50c lower: top vealers $6.50: throwouts mostly $4.50 down. Sheep and lambs—Receipts. 100: steady: best fat lambs. $6.25: buck lambs. $5.25: throwouts. *3.50 down, and fat ewes. $2.50 down. Thursday’s shipments: Catt!% 27; calves, none; bogs, none, and sheep s one.

Times Radio Dial Twisters

STATIONS OF THE NATIONAL BBOADCASTINO COMPANY WEAF Network WJZ Network KDKA 960 KTHS UMO WCrt *7O WMAO 67# WJZ *1 WSAI 133# CKGW 600 KVOO lilt WCKY 490 WGY 790 WLS 870 WSB 740 KOA s3n KVW WDAF HO WHAS 0 WLW TOO ’ WSM 650 •SPEC 920 WBAL 1420 WENR *7O WHO ITO WOC 1000 WTAM IC7O KSTP 1400 WRAP 800 WFAA XNB WJR 750 ' WOW 590 1 WTIC 1060 STATIONS OF THE COLUMBIA BROADCASTING SYSTEM iV ARC k 0 WBBM 770 WKBC 650 WOWO 110 WCCO 810 i KOII 1580 WPG 1100 WON 750 WIAU W 0 WFIW n4O CKAC 730 t CFRB M 0 WBT 1080 WJJD 1130 KRLD 1040 WFBM 1230 WLAC 1470 KMOX 1000

—7 T. M.— CBS—Piano team. —7:15 P. M.— CBS —Lyman band and glee club. —7:30 P. M.— CBS—Hoosier Editor. NBC (WEAF)—National Advisory Council. WGN (720)—Musical scrapbook. WJR (750)—U. of Michigan program. NBC (WJZ)— Selvin’s orchestra. WLS (870) —Old time Jamboree. —7:45 P. M.— CBS —Vaughn de Leath. —8 P. M.— KDKA (980)—Drama League. CBS —Band and Indian Lesend. . WBBM (770)— Melody SpeedNBC V ( WEAF)—Arthur Pryor and band: Revelers ouartet WJR (750) —Lopez orchestra. NBC (WJZ)—Minstrel Show. WMAQ (670)—Concert orchestra. WSM (650)—Barn dance (4 hours). —8:30 P. M.— KTHS (1040)—Clancy's Alabamians. CBS —Smith Bros. WBBM (770) Arnbeim s orchestra. NBC (WEAF)—Wirges orchestra: artists. NBC (WJZ) —The First Nighter. "Jungle Drums.” WLS (870)—Dance frolic. —8:45 P. M.— CBS—Arthur Jarrett. WGN (720) —Allerton Glee Club. —9 P. M.— KDKA (980)—Barn dance. KYW (1020) Maupin’s orchestra. CBS—Public Affairs Institute. WGN (720)—Strange interludes.

—4:30 P. M.— 4BC (WEAF)—G. E. Circle; Grace Moore, soprano. 7BC (WJZ)—Guardsmen. WMAQ (670)—Musical pilgrimages. —5 P. M LDKA (980)—Studio features gBC (WJZ) —Catholic hour. WGN (720)—Cummin’s orchestra. NBC (WJZ)— Raising Junior. WMAQ (670)—U. of Chicago. CBS—Chicago Knights. —5:15 P. M.— KYW (1020)—Musical feature. —5:30 P. M.— KYW (1020)— Twolight musicale. WBBM (770)—Brooks and Ross. NBC (WEAF)—Educational feature. CBS—Musical memories. NBC (WJZ)— String ensemble. —5:45 P. M.— NBC (WMAQ)—String ensemble. —6 P. M.— KYW (1020)—Sports reporter CBS National Advisory council. NBC (WEAF)—Marion Harris. WGN (720)—Studio. NBC (WJZ) —Stokes orchestra. Dick and Harry. WLS (870)—Our children. —6:15 P. M.— CBS —The Sylvanians. NBC (WEAF) Sanella's orchestra; songs and j comedy. NBC (WJZ)—The Story of I Women’s Names. —6:30 P. M. CBS—Novelty orchestra. NBC (WEAF)—Bob Emery; Rine's orchestra. NBC (WJZ)—Three Bakers. WMAQ (670) —Concert orchestra. —6:45 P. M.— CBS—Feature. —7 P. M—WGN (720)—Studio. NBC (WEAF)- George Jessel. NBC (WJZ)— Enna Jettick melodies. WMAQ (670)—Pianist.

VVFBM (1200) Indianapolis Indianapolis Power and Light Company SATURDAY P. M. s:3o—Leon Belasco orchestra (CBS). s:4s—Connie Boswell (CBS). 6:oo—Frederick William Wile (CBS). 6:ls—Dinner ensemble. 6:4? —Camel Quarter hour (CBS). 7:oo—Fray and Braggiottl (CBS). 7:ls—Abe Lyman’s band (CBS). 7:3o—Louie Lowe’s I. A. C. orchestra. 7:4s—Vaughn De Leath (CBS). B:oo—Concert trio. B:ls—Arnold Peek’s Columbians. B:3o—Smith Brothers (CBS). B:4s—Arthur Jarrett (CBS). 9:oo—Public Affairs Institute (CBS). 9:3o—Music That Satisfies (CBS). 9:4s—Friendly Philosophy. 10:00—Bing Crosby (CBS). 10:15—Supper Club Orchestra. 10:30—The Columnist. 10:45—Biltmore orchestra (CBS). 11:00—Atop the Indiana roof. 11:30—Arnold Peek’s Columbians. 12:00—Louie Lowe's orchestra. A. M. 12:15—Supper Club orchestra. 12:30—Sign off. . ~ SUNDAY A. M. B:oo—Land O’ Make Believe (CBS). 9:00—To be announced. 9:3o—Christian Men Builders. 10:30 to 12 Noon—Silent. 12:00 Noon —Cathedral hour (CBS). P. M. 12:30—Records. I:3o—Defiance college quartet. 2:oo —Transcription. 2:15 Philharmonic-symphony concert (CBS). 4:oo—Real Folks (CBS). 4:3o—Wheeler city mission. s:oo—Second Presbyterian church. 6:oo—Radio in education (CBS), 6:3o—Novelty orchestra (CBS). 6:45 —Svlvanians (CBS). 7:oo—Concert trio. 7:ls—Louie Lowe orchestra. 7:3o—Dr. Julius Klein (CBS). 7:4s—Roger Bean family. B:oo—Fisk Jubilee Singers (CBS). B:3o—Transcription. B:4s—Arnold Peek Columbians. 9:oo—Radio show (CBSi. 9:3o—Ernest Hutcheson and orchestra 10:00—Gauchos (CBSI. 10:30—Late news. 10:45—Lyric Ballroom orchestra. 11:00—Aton the Indiana roof. 11:30—FKO hour. 12:00 Midnight—Musical Rodeo. WKBF (1400) Indianapolis (Indianapolis Broadcasting, Inc.) SATURDAY P. M. 4:ls—Harry Bason. 4:3o—Late sport news. 4:4s—News flashes. s:oo—Vaughn Cornish. s:ls—Evening announcements. 6:oo—Tade Dolan. 6:2s—David Lawrence dispatch. 6:3o—Ward B. Hiner. 7:oo—Cowboys. 7:ls—Harry Bason. 7:3o—Jerry and Charlie. 7:4s—Ruth Otte. B:ls—Harry Bason. B:4s—lndiana Home program. 9:oo—Silent. 11:00—Showboat orchestra. 11:30—Dessa Byrd at the organ. 12:00—Old Timers. 12:30—Showboat. 1:00 —Sign off. WLW (700) Cincinnati SATURDAY P. M. 4:ls—"America at Work’’ (NBC). 4:4s—Little Orphan Annie (NBC). 5:00—Old Man Sunshine. s:ls—Henry Busse’s dance orchestra. s:4s—University of Cincinnati educationfil series. 6:oo—Amos ’n’ Andy (NBC). 6:ls—R. G. Dun program. 6:3o—Ed McConnell. 7:oo—Crosley follies. 7:3o—“Dance with Countess Dorsay” (NBC). B:oo—Croslev theater. B:3o—First Nighter (NBC). 9:oo—Band. 9:3o—Serenaders. 9:4s—Time. 9:46—80b Newhall. 10:00—Night Caps. 10:30—Doodlesockers. 10:50—Time. 11:00—Josef Cherniavsky's sympho-synco-paters. 11:30—Henry Busse’s dance orchestra. 12:00 Midnight—Jack Albin’s dance orchestra. P. M. 12:30—Time. 12:31 —Sign off. SUNDAY A. M. 7:s9—Time. B:oo—Church forum. B:29—Time. B:3O—NBC Children's hour (NBC). 9:oo—Organ program. 9; 20—River reports. 9:3o—Fiddlers Three (NBC'. 9:45—A song for today (NBC). 10:00—Russian Singers. 13:30—Library of congress (NBC). 11.15—Morning musicale (NBC). 11:29—Time.

SATURDAY —9 r. m.— i NBC (WEAF)—Dance orchestra: Walter Winchell. I NBC (WJZ i—Russ Columbo’ and orchestra. -9:15 P. MCFCA (1120)—Lintons or-! chestra. NBC (WJZ)—Snoop and Peep. —9:30 P. M.— CBS—Alex Gray and orchestra. —9:45 P. M.— WBBM (770)—Parhams or-' chestra. CBS—Jack Miller and or- 1 chestra. WGN (720)—Studio. I NBC (WJZ)—Pianist, organist. —lO P. M KDKA (980)—Sports. KYW (1020)—Sports; news. CBS—Bing Crosbv. NBC (WEAF)—Marion Harris. WGY (790)—Miles’ orchestra. NBC—Amos ’n’ Andv to WMAO. WDAF. WSM. WLS. WHAS. WSB. WTAM (1070) Sports: studio feature. —10:15 T. M.— KDKA (980)—Messages to explorers. NBC (WEAF)—Jesse Crawford, organist. WDAF (610)—Dance program. CBS—Redman's orchestra. WGN (720)—Dream ship. WJR (750)—Radio reporter. WMAQ (670)—Dan and Sylvia. WTMJ (620)—Dance program. —10:30 P. M KYW (1020) —Canton orchestra. CBS—Cuban orchestra. WCCO (810i Dance orchestra. NBC (WEAFt—Rudy Vallee and orchestra. WGN (720)—Morton Downev. NBC (WJZ)—Jane Froman’s orchestra.

SUNDAY —7:15 P. M—CBS—Fisk U. chorus. NBC (WJZ)—Radio hour. —7:30 P. M.— WMAQ (670)—Sunday Evening Club. . —7:45 P. M.— CBS—Angelo Patri. —8 P. M.— CBS—The Metropolitans. —8:15 P. M.— NBC (WJZ)—Music Album. WBBM (770) Dramatic skit. NBC (WJZ)—Bayuk stag party. —8:30 P. M.— CBS—Count Von Luckner. WBBM (770)—Concert orchestra. CBS—Organist. —8:45 P. M. WBBM (770)—“Mystic Cathedral.” NBC (WEAF)—Buick-Black’s ochestra; Revelers quartet. NBC (WJZ —Slumber music. —9 P >1 CBS—Variety show. WGN (720) —Studio features. —9:15 P. M,— KYW (1020)—Don Pedro’s orchestra. NBC (WEAF) Alexander Bargansky, cellist. WENR (870) —Edison symphony. WJR (750) —Happy half hour ; NBC (WJZ)—Old Singing Master. WTMJ (620) —Studio feature. —9:30 P.' M.— KTHS (1040 —Arlington orchestra. CBS—Pianist and concert orchestra. WBBM (770) —Bernie’s orWGR (550)—Dance orchestra. WGN (720)—Kassel’s orchestra. WHK (1390)—Studio features. —9:45 P M.— N Parke EAF) ~ At 86111 NBC—“K-7” War drama. WMAQ (670) —Dramatization. ' •

11:30—Sisters Three. 11:45 —Conservatory of music recital. P. M. 12:00—NBC Symphonic hour. I:oo—Yardley program (NBC). I:3o—Yeast Foamers (NBC). 2:oo—Crosley theater. 2:3o—Garden party (NBC). 3:oo—Services from the Shrine of the Little Flower of Jesus (WJR), 4:oo—Dr. Barnhouse. s:oo—Dance orchestra. 5:30 —Time. s:3l—Light Opera curtain, calls. 6 00—Henry Busse’s dance orchestra. 6:3o—The Three Bakers (NBC). 7:oo—Melodies (NBC). 7:ls—Collier’s radio hour (NBC). B:ls—Stag party (NBC). B:4j—Slumber hour (NBC). 9:15—01d Singing Master (NBC). 9:4s—Mary Brown and orchestra. 10:00—Josef Cherniavsk’s sympho-synco-paters. 10:30—Slumber music. 10:59—Time. 11:00—Henry Thies’ dance orchestra. A_ M. J2:O0 —Henry Busse’s dance orchestra. 12:30—Time. 12:31—Sign off.

Fishing the Air

Alice Joy and Paul Van Loan’s orchestra will offer “Oh What a Thrill” and 111 Save a Little Smile” in the program over WENR and an NBC network Saturday at 6:30 p. m. Jacques Fray and Mario Braggiotti, international piano team who recently returned from a nation-wide concert tour with the famous French star, Maurice Chevalier, will be heard over WFBM and the Columbia network Saturday, from 7 to 7:15 p. m. By impersonating the orchestras and vocalists of the various night rendezvous of New York, Abe Lyman and his orchestra. "Movieland’s Favorite Band,” have been “visiting the night clubs of New York ” The scene of “Abe Lyman—visiting New York’s Night Clubs" for the presentation over WFBM and the Columbia network from 7:15 to 7:30 p. m. Saturday.

HIGH SPOTS OF SATURDAY NIGHT’S PROGRAM 6:IS—NBC (WEAF)—Laws that Safeguard Society. 6:3o—Columbia—Guy Lombardo's orchestra. 7:3O—NBC (WEAF) —National Advisory Council. 8:00 — band and Indian Legend. NBC (WJZ)—Minstrel show. NBC (WEAF* —Arthur Pryor’s band: Revelers. B:3O—NBC (WJZ)—First Nighter drama “Jungle Drums.” 9 00— NBC (WJZ) —Russ Columbo and orchestra. 9:3o—Columbia—Alexander Gray and Shilkret’s orchestra. 10:15—NBC (WEAF)—Jesse Crawford, organist. 11:00—Columbia—Guv Lombardo and Royal Canadians.

Animal drives will be discussed by Carl J. Warden of Columbia university In the Animai Behavior series of the National Advisory council on radio education period to be broadcast over WTAM and an NBC network Saturday at 7:30 p. m. Operatic and musical comedy selections will contrast in the program when the Revelers quartet and the concert dance orchestra offers two hits from Gershwin’* “Os Thee I Sing,” and Arthur Pryor and his band plays the March from “Tannhauser” at 8 p. m.. Saturday over WTAM and an NBC network. Search for an expedition lost in the hinterlands of Africa provides the action in “Jungle Drums” to be presented asthe First Nighter dramatization from WLW and the NBC Chicago studios Saturday at 8:30 p. m. “Who Cares” from “Os Thee I Sing” will be featured in the program of popular song hits and nonsense chatter to be presented by the Smith brothers, over WFBM and the Columbia network, Saturday, from 8:30 to 8:45 p. m. Bing Crosbv will offgr “A Mender of Broken Hearts” as the opening number on his program for Sa arday, which will

—19:30 P. M—WLS (8701—Barn dance (1% > hours). —10:45 P. M.— jWGN (720)—Wayne King’s orchestra. iWJR (750i—String Dickers. NBC (WJZ)—Lew White, orI ganist. —ll P. M | KYW (1020)—Don Pedro’s orchestra. ;CBS—Lombardo and Royal Canadians. 'NBC (WEAF)—Dream Singi er: Coon-Sanders' orchestra. j NBC (WJZ)—Hines’ orchesI tra. WMAQ (670)—Via Lago orchestra (3 hours). —11:15 P. M.— KSTP (1460) —Dance program. WBBM (770)—Around the town. WGN (720)—Cummins’ orchestra. * NBC (WJZ)—Agnew’s orchestra. —11:30 P. M.— KYW (1020) Agnew’s orchestra. —11:45 P. M.— WDAF .(610) Nighthawk frolic. WGN (720)—Carl Moores’ orchestra. KYW (1020 T—Canton orchestra. KSTP (1460) Night Club. WCCO (810)—Gates’ orchestra. WENR (870) —Hines’ orchestra. WGN (720)—Kays’ and Moores’ orchestras. WJR (750) —Gravstone orchestra. WLW (700)—Gibson orchestra. —12:30 A. M.— KYW (1020) —Congress orWTMj r (62o) Organist. —1 P. M.— KYW (1020)—McDowell’s orchestra.

—9:50 P. M.— WGN (720) Tomorrow’s Trib. —lO P. M.— WGN (720)—Studio; Dream ship. CBS —The Gauchos. —10:15 P. M.— KYW (1020)—"State Street” sports: news. NBC (WEAF) —Dream singer. WMAQ (670)—Auld Sandy. NBC (WJZ)—Sylvia Froos. WTMJ (620) —Dance program. —10:30 P. M.— CBS—California melodies. WGN (720) —Kay’s orchestra. NBC (WEAF)—Jesse Crawford. NBC (WJZ)—Recital. —10:45 P. M.— KYW (1020)—Don Pedro’s orchestra. WGN (720)—Wayne King’s NBC Che fwJZ)—Sanella and Herman. —ll P. M.— CBS—Duchin’s orchestra. NBC (WEAF)—Palais d’Or NBC (WJZ)—Thies orchestra. WTAM (1070) Orchestra program. —11:15 P. M.— KYW (1020)—Canton orchestra. WGN (720) —Cummin’s orchestra. —11:30 P. M.— CBS—Organist. WJR (750) —Graystone orchestra. —11:45 P. M.— KYW (1020)—Don Pedro’s orchestra. WBBM (770) —Ben. Eernie’s orchestra. WGN (720) —Kays’ and Kassels’ orchestras. —l2 Midnight— WBBM (770)—Around the Town. WENR (870)—Hines’ orchestra; Don Pedro’s orchestra —12:15 A. M.— KYW (1020)—Canton orchestra; Don Pedro’s orchestra. —12:30 A. M.— WTMJ (620) —Organist.

be broadcast over WFBM and the Columbia network from 10 to 10:18 p. m. Nat Shllkret'a selection of the '‘mo*t beautiful waities" and Alex Gray, baritone, ringing Frlml’s “Only a Rose’* win he heard in “Marie That Satisfies” ever WFBM and the Colombia network Satarday, at 9:30 p. m.

Day Programs

WFBM (1200) Indianapolis Indianapolia rower and Light Company M MONDAY 7:3o—Records. 9:oo—Women's hour. 10:00—Transcription. 10:05—Lester Huff at the organ. 1 J:15 —Transcription. 10:20 to Noon—Silent. 12:00 Noon—Farm program. i:oo—Ann Leaf (CBS). I:ls—Society reporter. I:3o—American School of the Air (CBS). 2:oo—Four Eton Boys f (CBS). 2:ls—Jerry and Norm. 2:3o—Two-thirty tunes. 2:4s—Mt. Holvoke chorus (CBS). 3:00 to s:3o—Silent. WLW (700) Cincinnati MONDAY A. M. s:3o—Time. s:3l—Top o' the Morning. 6:oo—Time. 6:ol—Exercises. 6:ls—'Time. 6:31 —Organ program. 6:45—J011y Bill and Jane (NBC). 7:ls—Phil Cook (NBC). 7:30 —Talent bureau program. 7:4s—Physical exercises. 8:00—School of Cookery. B:ls—Backstage in Radio. B:3o—Beautiful Thoughts (NBC). B:4s—Art talk. 9:00 Livestock reports. 9:lo—Announcement. 9:ls—Dance orchestra. 9:3o—Colonel Goodbody (NBC). 9:4s—Talent bureau program. 10:00 —Elliot Brock, violin recital. 10:15—Dental hygiene talk. 10:25—Piano solos. 10:30—WLW stars. 10:45—River reports. 10:55 —Time signals. 11:00—Talent bureau program. 11:15—Pat Barnes (NBC). 11:30—Jack Albin’s orchestra. 11:45—Market reports. 11:50—Livestock reports. 12:00 Noon—National Farm and Home period (NBC). P. M. 12:30—Time. 12:31—Henry Busse’s dance orchestra. 1:00 —Ohio School of the Air. 2:oo—United States Marine band (NBC). 2:3o—Chatter. 3:oo—Dance orchestra. 3:3o—Organ matinee. 3:4s—The chatter.

Produce Markets

Eggs (country run)—Loss off deliveied in Indianapolis, lie: henery duality no. 1. 13c: No. 2. 9c. , . .. Poultry (buying prices)—Hens weighing 5 lbs., or over. 15c; under 5 lbs.. 14c; Leghorn hens. 10c: broilers, full feathered. 3% lbs. or over. 14c; under. 13c: Leghorn broilers. 10c; sming entexens. 6 lbs. and up. 12c: under lie; old cocks. 7c: ducks, full feathered. 9c: geese. 6c. These prices are for No. 1 ton oualitv auoted by —No. 1. 26®27c; No. 2. 24®25c. Butterfat—22c. Cheese (wholesale selling price per pound)—America loaf. 33%c; nimento loaf. 25%c: Wisconsin firsts. 19c; Longhorns. 19c: New York llmberger. 30c. By United Press CHICAGO, Feb. 26.—Eggs—Market, weak; receipts, 15,468 cases; extra firsts, 13%c; firsts, 13c; current receipts, 12%c; seconds, 10®llc. Butter—Market, weak; receipts, 9,494 tubs; extras, 21%c; extra 21%©21%c; firsts, 20%@21c; seconds, 19%@20c; standards, 22c. Poultry—Market, about steady; receipts, no cars in, 1 due: fowls, 15%@17c; springers. 16@21c; Leghorns, 14c; ducks. 17 ©2oc: geese, 13c; turkeys* 15@22c; roosters, 10c; broilers, 22® 24c. Cheese—Twins, 11%® ll%c; Young Americas. 12@12%c. Potatoes—On track. 190; arrivals. 90; shipments, 947; market, dull; Wisconsin Round Whites, 75@80c; Minnesota early Ohios, $1; Idaho Russets, [email protected]. By United Press NEW YORK, Feb. 26.—Potatoes—Market, quiet; Long Island, [email protected] per barrel; Idaho, $2.25®2.50 per sack; Bermuda, s4© 9 per barrel; Maine, [email protected]; Canada, [email protected] per barrel. Sweet potatoes— Market, quiet; jersey baskets, [email protected]; southern baskets, 40©65c. Flour —Market, quiet; spring patents, [email protected]. Pork —Market, steady; mess, $16.37%. Lard —Market, firmer; middle west spot, $4.95® 5.05 per 100 lbs. Tallow—Market, firm; special to extra, .02%@.02%c. Dressed poultry—Market, steady; turkeys, 16@28c; chickens, 20©29c; fowls, 10@24c; broilers, 20@27c; fcapons, 18@32c: ducks, 12®16c; Long Island ducks, 17@18c. Live poultry —Market, steady; geese, ll@15c; ducks, ll@20c; fowls, 20@22c; turkeys. 15@30c; roosters, 10c; chickens. 16@24c; broilers, 17@26c; capons, 17@28c. Geese— Market, quiet; state whole milk, fancy to special, ll%@18c; Young America, 12%@ 13%c. By United Press CINCINNATI, Feb. 26.—Butter—Packing stock. No. 1,18 c; No. 2,12 c; No. 3.8 c; butterfat. 16@18c. . Eggs—Lower; cases Included; Extra firsts, 12%c; firsts, ll%c; seconds. 10%c; nearby ungraded. ll%c; duck egges. 13c. Live poultry—Thin and coarse stock sells only" at heavy discount; fowls. 5 lbs. and over, 15c; 4 lbs. and over, 17c: 3 lbs. and over. 17c; Leghorns, 3 lbs. and over. 14c: roosters. 9c; colored broilers, 1 lb. and over, 20c; 1% lbs. and over, 25c; 2 lbs. and over, 24c; fryers, 3 lbs. and over, 23c; partly feathered. 12c; Leghorn broilers, 1 lb. and over. 15c; 1% lbs. and over, 15c; 2 lbs. and over. 13c; Leghorn stags, 12c; colored stags. 14c; black springers, lie; roasting chickens. 4 lbs. and over. 18c: ducks, under 3 lbs., sell at liberal concessions: ducks, white. 4 lbs. and over. 16c: under 4 lbs.. 13c; colored, 4 lbs. and over. 16c; under 4 lbs., 13c; capons, 8 lbs. and over. 23c: under 8 lbs., 19c; slips. 13c; turkeys. No. 1 hens. 8 lbs. and over. 26c; young toms. No. 1. 10 lbs. and over, 22c. By United Press CLEVELAND. Feb. 26.—Butter—Extras. 25%c; standards. 26c; market, weak. Eggs —Extra firsts. 13 %c; current receipts. 12%c; market. weak. Poultry—Heavy fowls, 15@17c; medium. 18@19c; Leghorn, 15@16c; smooth springers, 18@19c; broilers, 21@23c; heavy broilers, 22®24c; ducks, 20©22c; roosters. 10@12c; geese. 14®16c; stags, 13@14c; turkeys. 25c; market, steady. Potatoes —Ohio and New York. 40@50c per bushel; Maine Green Mountain, $1®1.25; few. $1.20®1.25 per 100-lb. sack; Idaho russets. [email protected] per 100-lb. sack.

New York Bank Stocks

(By Thomson & McKinnon) —Feb. 26Bid. Ask. Bankers 61 Vs 63% Brooklyn Trust 235 260 Central Hanover 140 144 Chase National 39 41 Chemical 35% 37% City National 53 % 55% Corn Exchange 63 66 Commercial 157 165 Continental 16% 18% Empire 25% 27% First National 1,660 1,760 Guaranty 307 312 Irving 20 21 Manhattan 8c Cos 37% 59% Manufacturers 32% 34% New York Trust 85% 88% Public 27 29 New York Liberty Bonds —Feb. 26 Llbertv 3%s 47 98.1 Liberty Ist 4%s 47 99.27 Liberty 4th 4%s 38 100.3 Treasury 4%s 52 103.2 Treasury 4s 54 - 100.00 Treasury 3s 55 89.8 Treasury 3%s 56 97.00 Treasury 3%s 47 94.00 Treasury 3%s 43 March 94 27 Treasury 3%s 43 June 94.28 Treasury 3%s 49 . 90.26 NEW YORK COFFEE RANGE —Feb. 26High. Low. Close. March 6.28 6.27 6.28 May 6.35 6.30 6.33 December 6.40 6.40 6.40

Other Livestock By United Press TOLEDO. Feb. 28.—Hogs—Receipts. 200; market steady to 15c higher; top, $4.20® 4.30; mixed, *4.1004.25; bulk. *[email protected]; pigs, *3.5003.75: lights. $3.5003.75: roughs, $2.7503.25. Cattle—Receipts, light: market. steady. Calves—Receipts, light: market, strong; choice to extra, 809. Sheep and lambs —Receipts, light; market, steady. By United Press CINCINNATI. 0.. Feb. 26.—Hogs—Receipts. 3.300, including 1,377 direct: held over 300; closhiq slow, unevenly steady to 10c higher, better grade 160 to around 240 lbs.. $4.2504.50; mostly $4.50 on 220 lbs. down: 240-290 lbs.. *404.25; 120-150 lbs.. $3.85®4; bulk sows. $3. Cattle—Receipts. 500; calves, 400: slow, generally steady: some weakness on bulls and heifers: odd. lots common and medium steers and heifers, *405.50: a few better finished kind. $5.75®6.50; most beef cows, $363.25; bulk low cutters and cutters. *1.7502.75; practical top bulls. *3.25: a few *3.50: vealers steady; good and choice, *7.5008 largely, lower grades *7 down. Sheep—Receipts, 1.650: market, steady: saiable supply light; a few better grade lambs. *6.250 6 75: common and medium, *404.75; sheep *2 down Englewood Lodge to Initiate Englewood lodge No. 715, F. Sc A. M., will confer the Master Mason degree at its annual Washington banquet, to be held at 6 Saturday at Rural and Washington streets.

PAGE 15

FUTURES MART SELLS OFF IR LATE TRADING Wheat Closes Down After; Making Small Early Advance. BY HAROLD E. RAINVILLE United Press Staff Corre soondent CHICAGO, Feb. 25.—Showing late weakness wheat closed lower on the Board of Trade today after maintaining small advances throughout the session. Speculative interest was small, but there was persistent commission house and local buying in small lots and an absence of pressure. Reports of a sharp upturn in continental cash markets had only a minor effect. Corn held to a narrow range, but was easy with wheat. Oats was about steady. At the close wheat was % to U cent lower, corn was H to cent lower and oats % to T 4 cent lower. Provisions were firm with hogs. Liverpool held steady early, bub weakened at the close, finishing U to % cent lower. Buying in small lots by commission houses was about as active as on Thursday, early. There were reports of a fair export business out of Vancouver. Cash prices were Vi to 1 cent higher. Receipts were 55 cars. Corn was fractionally lower at the start, but firmed up and at midsession was % cent higher. The action of wheat was the chief factor. Booking early were 26,000 bushels, much lets than Thursday and an encouraging factor. Cash prices were unchanged. Receipts were 264 cars. Oats started firm and held around % cent higher early in sympathy with the other grains. There was no special news and the market on the whole was featureless. Cash prices were unchanged. Receipts were 42 cars.

Chicago Grain Range —Feb. 26. WHEAT— Prer* Close. High. Low. Close Close. Mar... .58 .58% .57% .57% .58y, May... .61% .62% .61% .61% .62 Julv.. .63% .64% .63 .63 .63% Sept... .64% .65% .64% .64% .65 CORN— Mar... .35% .36% .35% .35% .36 May... .39% .40% .39% .391* .40 Julv... .42% .43 .42% .42% .42% Sept... .44 .44% .43% .43% .44 OATS— Mar... .22% .22% .22% .22% .22-% May... .25% .25% ,25 V* .25V* .25% July... .25% .26 .25% .25% .25% Sept... .38% .26% .26% .26% .26% RYE— Mar... .43% .44% .43% .44'/* .43% May... .46% .47*1 .46% .46% .46% July... ,49% .49% .49 ,49 s * .48% Sept... .50% .51 s * .50% .51 .50% LARD— Mar.. 4.77 4.80 4.77 4.80 4.77 May.. 4.95 4.97 4.95 4.95 4.90 July.. 5.15 5.15 5.12 5.12 5.10 Sept.. 5.30 5.35 5.30 5.32 5.25 BELLIES— May 5 90 5.57 July 5.90 5.70 Sept 6.00 5.80 By Times Special CHICAGO Feb. 26.—Carlots: Wheat. 90; corn, 289: oats, 67; rye, 1, and barley 6. By Times Special CHICAGO. Feb. 26.—Primary receipts: Wheat—l,342,ooo, against 1,280.000; corn, 882,000, against 882,000: oats, 220,000. aaginst 217,000. Shipments—Wheat, 272.000, against 929.000; corn. 145,000, against 616,000; oats, 130,000, against 380,000. By United Press CHICAGO, Feb. 26.—Cash grain close; Wheat—No. 2 red, 60®60y 2 c; No. 3 red. 59%©59Vic; No. 3 yellow hard, 59c; No. 2 northern. 66%c: No. 2 mixed. 59Va®60c: No. 3 mixed, 59%@59'/2C. Corn—No. 2 mixed, 35%; No. 3 mixed, 33%c; No. 4 mixed, 32i/ 2 c; No. 2 yellow. 34'/2@37%c; No. 3 yellow, 31%©34'/ 2 c: No. 4 yellow. 32®33c; No. 5 yellow, 32'lic; No. 3 white. 33V2®34c; No. 4 white, 32%©33c. Oats— No. 2 white, 24©24%c: No. 3 white, 22% © 24c; No. 4 white, 22c. Rye—No sales: Barley—42©s9c. Timothy—[email protected]. Clover—s9@l4. By United Press TOLEDO. Feb. 26.—Cash grain close: Grain in elevators, transit billing: Wheat ■ —No. 2 red, 62©63c. Corn—No 2 vellow 37%@38%c. Oats-No. 2 whiteT 27'°® 38 #c. Rye—No, 2 46® 47c. Track prices —2B%c rate: Wheat—No. 2 red, 57©57%c; No. 1 red. lc premium: No. 3 red, >/ 2 to 3 cents discount: No. 4 red, 3*&*sc discount. Corn—No 2 yellow. 33®33%c; No. 3 vel31_©32c: No. 4 yellow, 28®30c. Oats Whlt £i No. 3 white. 23®24%c. Clover—Prime. $8.75; Feb $8.75; March. $8.75. Alsike—Cash $8 75* Feb.. $8.75; March, $8.75. Butter—Fancy creamery. 23© 26c. Eggs-Extras. 14%© 15c. Hay—Timothy per cwt.. 80c.

Bright Spots of Business

By United Press . YORK, Feb. 26. — A light quickenh?i^iri2c * ra . de an( i improvement in business sentiment were reported from ftr t l'r! e u ea i?i n| L ce J nters thls week. Bradstreet s Weekly Trade Review said. MASSILON, O.—Wheeling and Laka Erie railroad recalled 20# workers to the local shops, which have been closed since last December. RICHMOND. Va.—National Distillers Products Corporation declared an Initial quarterly dividend of 62 % cents a share on the preferred stock. ~£ R ?, EL K- Pa -" _c>perations of the Carnegie Steel Company’s local plant will be stepped up to 60 per cent of capacity sa?d nSt current rate ° r 53 per cent, it wai WILMINGTON, Del.—Net income of the American Home Prodncts Croporation fer 1931 was reported at $3,373,835, against $3,356.71-9 in 1930. AKRON. O.—American Vitrified ProdHt recall 100 men to work ft was reported?’ 1 P ‘ ant WUhin a few days ’ BAN FRANCISCO—Crown Williametto fng peuod VIV/l 2 ’ 549 la the corr6spond - TOLEDO. O.—Automotive plants having contracts with the Ford Motor Company for parts started large shipments to Ford assembly plant at Dearborn as latter gave indications of speeding up production. •n££f?J B rr' phe . American dollar sold off slightly in foreign exchange trading today. rlnti n nf a os 2 00? 9 £ rancs - gainst close of 20.39‘,2 francs.

Cash Grain

_ —Feb. 26 sJPVS; £.s*?, ¥,,?.• v.? * Wheat-Firm: No. 1 red, 49%650%c: 49°%(? r * d ' No. 2 hard, 48%m Corn-Firm: No. 3 white, 26027 c; No. 4 white, 25026 c; No. 3 yellow, 23024 c: N°- 4 yellow 22023 c: No. 3 mixed, 22® 23c: No. 4 mixed, 21022 c. * j S‘‘‘,7 s i“e a &. No ' 2 N “- or Louisville) No. 1 timothy. *707.50; No. 2 timothy. *606.50. ** _ . —lnspections Wheat—-No. 2 red, 17 cars; No. 3 red, 14 cars; No. 2 mixed, 2 cars. Total. ?i cars. Corn (new)—No. 3 white. 10 cars; No. 2 yellow. 2 cars; No. 3 yellow. 21 cam No. 4 yellow, 17 cars; No. 5 yellow. 1 carl No. 3 mixed. 1 car. Total, 52 ear*. * O'.ts—No. 1 white, 1 car; No. 2 white, 2 cars; No. 3 white. 19 cars: No. 2 mixed! X car; No. 3 mixed. 1 car. Total, 24 cars! Deaths Guy Lynch, 43. 1042 St. Peter, angina pectoris. Lew W. Cooper, 69. Methodist hospital, carcinoma. Thomas A. Hughes. 67. 2535 North Tal bott. chronic myocarditis. Christian H. Gerhardt, 70, 1509 Wada. Carcinoma. Louise OHphant. 43. 3043 North Pennsylvania. carcinoma, Mary Dersch. 71, 944 Virginia, ehronfq myocarditis. Luther Kno~. 21, 2411 Martindale, pulmonary tuber' tests.