Indianapolis Times, Volume 43, Number 252, Indianapolis, Marion County, 29 February 1932 — Page 9

FEB. 20. 1032

-Pin GossipBY LEFTY LEK

Aftrr Mavor Reginald Sullivan and Chief Apf Ponce Mut aornssev nad turned over “he key ol welcome to the Knignts of Cos National Bowline Aaaociatlon at the banouet at tne heverm Saturday meht. Jocal booster teams lormallv opened the tenth annual tournament on the Pritchett alleys, lhc opening ceremonies leaturcd the tossing of the first ball by Supreme Knight Martin Carmadv. and a full souad of lourieen booster team*. Sunday’s olav also featured booster aulntets. and as Visual, scoring WBx low. the Tim Sexton Boosters roiling into first place with a score ol 2 482. Canning Plumbing was aeconrt on 2.383 and Fox Optical third with 2.360. Q. O'Connor led the Sexton Boosters to their leading total with a score of 547 that included a 218 start. Out-of-town bowlers will be present next week end. teams from Terre Haute, Ind.. Covington. Kv.. Cincinnati. 0.. Newport. Kv. ana Detroit. Mich., taking the drives In search of championship honors. Before the close of the tournament's five weeks of play some of the nations leading pin aotlIrrs will have taken their fling at the Maples. The Clergv has taken to the game locally and some fair scoring was produced. The Advance Paint with the Rev. Shea. Rev. Walters. Rev. Smith. Rev. Spaulding and John Lau in the line-uo rolled a total of 2 313 that was well up In the Booster class. Catholic Community Center was composed entirely of clergy, the,Rev. Fusseneger leading them to a total of 2.271 with a score of 516. At the banauet Saturday night. President Holm. Secretary Albers and R. V. Thompson. the daddy of the bowling game, gave some interesting figures on the growth of the bowling game, and were free with comphirents regarding the results of the efforts of the local committee. The Indianapolis Medical Society team led hv Ilr Morgan, who had a total of 657. scored 1.060 in their first game to assume a lead -over the Indianapolis Dental Society. scoring 2.909 to 2.796. in the first set of a nine-game series at the Uptown alleys. Dr. Gick heloed Dr. Morgan with a count of 636 while lr Quill and Dr. Dynes made it close l,” oiling 628 and 622 for the losers. Next Sunday's match will he played on the Central alleys, at 10 a. m. Miss E Tlatisser rolled s total of 573 to win the annual 170-scratch singles sweepstakes for women at. the Pritchett alleys over Saturday and Sunday. Mrs. Wlesman was runner-up with 567 and Mrs. Rutenberg third on 565. Fourth place was won hv Mrs. Hoflhelm with a score of 562. while Helen McAnty was fifth on 548. Eighty-three women rolled, and a large number of merchandise, awards were presented the fair howlers, in addition to the cash awards. The meet was conducted by Mrs. Race Johns. Southard and Robinson tossed In an actual count of 1.320 to total 1.336 and win the first half of the Davis Jewelry Company 400-scratch doubles meet Wlmhprlv and Cox finished second with 1,325, while Robinson and Walter Hickman showed on 1.318 The final half of this sweepstakes will be played next Saturday and Sunday. Cornwell had games of 228. 268 and 244 to total 40. and lead the Hetzler Three Rails of Muncle to a win over the Uptown Recreation on the Uptown alleys, 3,107 to 3,028. The veteran Bill Cottem had 603 for the visitors, while Shaw. Goodhue and Eppert counted 645. 630 and 621 for the Uptown boys. This win gave Muncie a clean sweep, as they won the first half on their home alleys. Charles and Walter Hickman have accepted the challenge of the Kimmel father and son combination, and the first five gamer will be rolled on the Uptown alleys next Saturday and Sunday night at 8 p. m. The winners of this match will find their hands full to hold on to their honors as other father and son combinations are awaiting the outcome of this match to challenge the victor. Arch Hciss was all over the head pin during the head pin tournament on the Central alleys, and he assumed the lead with a mark of 338 out of a possible 360. that will be hard to beat. Play in this event will be resumed next Saturday and Sunday, Kislnor-Meice Batterv assumed a lead of thirty-eight pins over the Juveniles in the first half of their six-game match on the St- Philip A. C. alleys Sunday. The final three games will be played next Sunday afternoon at 2 p. m. on the Pritchett alleys.

Camp Notes

By United Press C CLEARWATER, Fla., Feb. 29. J Jack Quinn, veteran spitball pitcher, who will do relief hurling for the Brooklyn Dodgers again this year, has reported for spring training, swinging into his twenty-ninth year as a pitcher. The record is not matched by any other active ball players. n n n ST. PETERSBURG. Fla.. Ffb. 29.—Babe Ruth, although still a holdout, was ready to begin working out todav with the New York Yankees when the seeond souad reports to Manager Joe McCarthy at Huggins field. a tt tt ST. PETERSBURG. Fla.. Feb. 29.- Eleven of the Boston Braves' thirteen pitchers, two catehers. two inficlders and three outfielders are here. Eleven more the squad are scheduled to arrive Tuesday. tt tt tt NEW ORLEANS. Feb. 29.—Batterv candidates of the Cleveland Indians will wind un their preliminary drill todav. according to manager Roger Pecklnnaugh. The first exhibition game will he played Saturday with the New Orleans Pelicans, tt tt tt FT. MYERS, Fla., Feb. 29.—Members of the Philadelphia Ath letics spent their first Sunday in camp golfing, fishing and sleeping. Outfielder Robert Cramer reported over the week-end. tt tt tt BOSTON, Feb. 29.—The Boston Red Sox were en route to Savannah, Gs., today. Manager John Collins headed the party made up largely of newspaper men. with just two ball players, Justin McLaughlin and Rob Barr, pitchers. tt tt tt CHICO. Cal.. Feb. 29—The Detroit Tigers of (he American League left Richardson's Springs today for a week's hraining a) Palo Alto. The Tigers will train at the Stanford university diamond, a tt it ST. LOUIS. Feb. 'l9.—The vanguard of the St. lands Browns today wrre en route to West Palm Beach, Fla., to begin spring training. They will arrive Tuesday. Two club officials accompanied the group. tt tt tt WINTER HAVEN. Fla.. Feb. 29.—Durham of flic. Piedmont League has been acquired by the Philadelphia Nationals ns a player farm, it was announced Sunday bv Gerry Nugent, Phils’ business manager. The Phillies will give Durham a substantial cash sum but assume no obligations of the club. In return, they ■will have the pick of the Durham pastimers and will take two men at the end of the season. They also may send some of then- rookies to the farm. Manager Burt Shotton is working with his pitches.s in the spring training camp here. Big Ed Holley, up from Kansas City of the association, was given a long workout Sunday.

Saturday College Scores

WESTERN CONFERENCE Ohio State. 40; Chicago, 31. Michigan. 35; lowa. 27. Purdue. 28; Wisconsin. 21. Minnesota. 27: Illinois, 26. STATE COLLEGES Butler, 35; Central Normal. 27. Notre Dame 39; Army. 23. Ball College. 34; Manchester, 26. N. A. G. U., 25; Valparaiso, 23 (overtime! . Earlham, 39; Franklin, 28. Anderson, 27; Indiana Law. 18. Concordia (Milwaukee'. 21: Concordia (Ft. Wayne', 16. OTHER COLLEGES Wooster 40: Case. 25. Wesleyan, 40; Brown, 32. Pennsylvania, 26; Pittsburgh. 19. St. Lawrence, 31; Hobart 7. VUlanova, 30; Rutgers. 26. Kenyon. 30; Kent State. 26. University of North Dakota. 20; North Dakota State, 19. Fenn College. 39; Dayton University. 36. Vermont 30; New Hampshire. 26. Middlebury, 24. Norwich, 15. Oberlin, 41; Muskingum. 34. Western Reserve 41; Ashland. 27. Kansas, 33: Oklahoma. 29. Kansas State 28; Missouri. 22. Princeton. 29: Columbia. 27. Wiliams, 31: Amherst, 20 . Omaha University, 53; Nebraska Wesleyan, 16Carleton 37; Beloit. 28. Creighton. 51: Marquette, 22. Dartmouth, 40: Cornell. 29. Gettysburg 30: Urinus. 19. Georgia. 40; Virginia. 19. 1 Carnegie Tech, 36; Georgetown. 26. Fordham 28, Manhattan. 26. Syracuse. 43: Penn State. 33. Swarthmore. 37: Joseph’s 33. . Washington >St. Louts) 39; Concordie |9 Brigham Young, 63: Utah State. 50. Wysoming, 37; Colorado Teachers 27 MUNCIE MAT CHAMP By Timet Special BLOOMINGTON. Ind., Feb. 29 - Muncie won four first places to capture the Indiana high school ►resting championship here Saturday with 43 points. Bloomington, defending champion, was second.

STOCK SOARES HOLO GAINS IN ACTIVE TRACE Moderate Profit-Taking at Noon Slows Up Sales; Steel Strong.

Average Stock Prices

Average of thirty Industrials for Saturday 82.02, up .07. Average of twenty rails 36.45, off .07. Average of twenty utilities 33.53. up .04. Average of forty bonds 79.82, off .04. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Feb. 29.—The stock market held gains of fractions to more than a point in the first two hours of trading today. Opening firm and twice as active as in the short session Saturday, the Iffet moved ahead for an hour. Later, moderate profit-taking reduced gains and volume fell off with the list resisting further declines around noon. Steel common was the leader from the start when it rose 1U points to 4794, more than making up its dividend of 50 cents. It reached 48 74 and held around 48 as noon approached. Leaders Near Highs Other leaders also were near their highs. American Can held at 68, up 1; Allied Chemical 787*, up I**; Auburn 89'2, up 37 a, and Westinghouse Electric 30%, up %. American Telephone was within a fraction of its high for the day at 128, up 74. All utilities registered fractional gains. Railroad shares for the mast part were higher with good demand continuing for Canadian Pacific, which rose to anew high for the year at 17%, up 1. Stock Exchange tickers carried a notice the exchange had been notified that the increase in the New York state tax on sales or transfers of stock will apply to transactions made, beginning Tuesday. The tax was raised 100 per cent from 2 cents a share to 4 cents a share (SIOO par value). London Stocks Rise The effect of this rise could not be measured and many were prone to withhold commitments pending results of the market under the increased burden on the floor traders. The London stock market continued to rise and sterling firmed up financially. Conditions in Great Britain were described as improving in cables received over the week-end. Confidence was returning and gold was coming out of hearding in response to the government’s request. According to some sources, the government would show a surplus which would pave the way toward reduction of high taxes. This improvement in Great Britain had a good effect in Wall Street and it combined with several reports of industrial improvement here to bolster up market sentiment.

| New York Bank Stocks

(By Thomson A McKinnon) —Feb. 27 _ , Bid. Ask. Bankers <n% 63% Brooklyn Trust 235 269 Central Hanover 139 143 Chase National 387* 40% Chemical 35'/* 37' Citv National 52% 541Corn Exchange 62 65 Commercial 157 165 Continental t67j 18'j Empire 25% 27'% First National 1.660 1 7PO Guaranty 300 305 Irving 19% 20% Manhattan A Cos 37'i 391^ Manufacturers 32 > 34 New York Trust 89 92 Public 27 29

New York Curb Market

(By Thompson & McKinnon) —Feb. 29 11:001 ll ; oo Alum Cos of Am sl'-2|Great A A P.. 146'i Am C.vanamid.. 3% Gulf Oil 29% Am Gas A Elec 35 |Hydro Elec ..." 10% Am Sup Pwr.. 3%|lnt Pete 9% Ark Gas (A)... 2%:Midwrst Util.... 3% Asso Gas A El Kan Pipe.. 1 Braz Pwr A Lt 12% Newmont Min .. 11 Cent Sts Elec. Hi Nia Hud Pwr.. 6% Cities Service.. 6% Penroad 3 Cord 5 Std of Ind 15% Dcrre ACo 9 Ull Gas (A) ... 27* E! Bond A Sh. 9% Un Lt A Pwr... 5% Ford of Can .. 147* Ut Pwr 1% Ford of Eng... 5 Un Fndrs 2

Investment Trust Shares

(By Gibson A Bernard) PRICES ARE TO 12 NOON C. S. T —Feb. 29 , „ . Bid. Ask. Am Founders Corp com 7* Am Inv Tr Shares 2% ... Basic Industry Shares 2% Collateral Trustee Shares A... 4% ”4% Cumulative Trust Shares .7'% 3% Diversified Trustee Shares A. 7% ... Fixed Trust Oil Shares 27* ... Fixed Trust Shares A 7% Fundamental Trust Shares A 3% 4 Fundamental Trust Shares B. 3% 4% Leaders of Industry A 3% .. Low Priced Shares 3% 3% Nation-Wide Securities 3% 3% Seiected 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% 33* Super Corp of Am Trust Shar 3% 3% Trustee Std Oil A 3% .. . Trustee Std Oil B 3'* 3% Unified Service Trust Shares A 2% ... U S Elec Light * Power A 17’- 19% Universal Trust Shares 2-% 37*

Net Changes

By United Press NEW YORK, Feb. 27.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. Allied Chemical 76% % ... American Can 67 % ... American Smelting 15% % ... American Telephone 127% 1 Auburn 86 ... 3% Bethlehem Steel 21% ... % Case (unchanged) 35% Chrvsler 12 1 a % ... Consolidated Gas 62% ’* ... Du Pont 54% % ... Electric Power 12% ... % General Electric 20% ... % General Motors 21 ... % International Telep funch.) 10% Kennecott 9% % ... Montgomery Ward (unch.). 9% N Y Central 29% % ... North American 37 % ... Public Service (unch.) 56 Radio 9% V ... Radio-Keith 5% ..T % Sears Roebuck 33% % ... Standard Oil. N. J 28% % ... Transamerica 4% ... % Union Carbide 31% % ... U S Steel 47 ... % Westinghousc Electric 29% ... V Woolworth .. 42 ... % Chicago Stocks Opening <Bv James T. Hamill & Cos.! —Feb. 29Ass Tel Util.... 5% Insull com .... 2% Bendix Avia . 15% Insult 6’s ’40... 16% Bora Warner... 10 ! Mid United com. 3% Cent So Wst 5% Middle West 3% Cities Serv . . 6 Nob Soarks .... 10 Cord Corn 5 Pit Circle 23% Comm Edison . -O')’ Swift Inti 23 Grtesbv Grunow i% u S Gvosum ... 23% RAW SUGAR PRICES —Fib. 27Hiah. Low. Last. January 1.14 1.10 1.10 March 84 .82 82 May 91 .88 .88 July > 1.00 .95 95 Septembei 1.06 1.02 1.02 December , l.ia 1.08 108

Facts and Bunk A bout the System of SJtort Selling

Thi* it the first af three artielea by Harry Elmer Barnea. Ph. D.. on the subject of fhort-iellinc. which ha* heroine an important issue because of the public clamor for greater urotection for investor*, and the declaration of President Whitnev that he will resign from the New York Stock Exchange if short selling is abolished by law. BY HARRY ~ELMER BARNES (Ph. D.) IF there is any one cause above all others for gloom on the part of the well-wishers of capitalism, it is the seeming failure of the leaders of capitalism to learn anything of importance through experience. They appear unwilling to sur-

New York Stocks — -(Bv Thomson A McKinnon)””

—Feb. 29Railroads— „ Prev. High. Low. 11:00 close. Atchison 80% 80 80% 80 Atl Coast Line 28 Balt A 0hi0.... 1774 17 1714 16% Chesa A Ohio.. 23% 23% 23% 23’/ Chesa Corp .... 17% 17 17% 17 Can Pac 17% 17% 17% 16% Chi N West 8% 8% Del L & W 20',i, ... Great Northern. 19V2 19(4 19% ••• Illinois Central 13% 13% Lou A Nash 23% M K & T 5% Mo Pacific 8% 8 8% 7% Mo Pacific pfd 18% 18 N Y Central ... 30% 29% 29% 29% NY KH ft H ... 24% 24% 24% 24 Nor Pacific 20 19% 20 19% Pennsylvania ... 19% 19% 19% 19% Seaboarch Air L % % 50 Pacific 27 26% 27 26% Southern Ry 10 10 St Paul nfd ... ... 3% 51 I, ft S 7 4% Union Pacific .. 83% 83% 83% 82 Wabash 2% 3 W Maryland ... 575 5% Equipments—Am Car A Fyd 7 Am Locomotive 7% ... Am Steel Fd 7 Gen Am Tank.. 32% 32% 32% 32 General Elec ... 21 20% 20% 20% Pullman .. ... ... 21% Kestingh Ar B 15% ... Westingh Elec.. 30% 29% 30% 29% Rubbers— Firestone 13% 13 Fisk % % V* % Goodyear 16% 16% 16% 1574 Kelly Sprgfld 2% 2% U S Rubber 4% 4% Motors— Auburn 90 87 89% 86 Chrysler 12% 12% General Motors.. 21% 21 21% 21 Graham Paige 3% Hudson 7% 7% i Hupp 3% 3% Mack 16% 15% 16 15% Nash 17% 17% 17% 17% Packard 4 374 4 4 Reo 2% 2% 2% ... Studebaker 10% 1074 White Motors.. 10% 1074 107 g 10',4 Yellow Truck 3% Motor Access— Bendix Aviation 15% 15% 1574 1 574 Borg Warner.. 11% 10% 11% 10'4 Briggs 11 10 10% 9% Budd Wheel 37-4 ... Eaton 674 El Auto Lite 30% 29% 30'% 2974 El Storage B 30% Have,s Body 374 ... Houda 3% Murray 80dy.... 9% 8% 9% 874 Sparks-W 2% Stewart Warner. .. ... ... 5 Timken Roll 2074 20 20% 20 Mining— Am Smelt 1574 15 15% 15% Anaconda Cop.. 9% 974 9% 9% Alaska Jun 1474 1 4 14% 13% Cal & Hecla 33 Cerro de Pasco. 1274 11% 12 11% Dome Mines ... 974 974 Freeport Texas.. 18 5 4 187s 18% 18% Granby Corp 6 Great Nor Ore 12'4 Int Nickel 8 774 8 774 I Inspiration 3 Kennecott Cop.. 9% 9'4 974 975 Ncv Cons 474 4% 474 474 Noranda ... ... 14 Texas Gul Sul.. 2574 2474 2574 24% U S Smelt 1674 ... Oils— Amerada 14 1374 Am Republic ... ... 2'4 Atl Refining 10% Barnsdall 4% Houston ... 374 Mex Sbd ... ... 7% Mid Conti 574 ... Ohio Oil 5'4 Phillips 5 5* Prairie Pipe 8% Royal Dutch ... 20% 20% 20 74 ... Shell Un 3% 3% Sinclair 5% 574 5% 5% Skellv 3% 3 Standard of Cal 24% 24% Standard of N J 2874 28% 28’.z 8% Soc Vac 10 9% 9% 9% Texas Cos 11% 1175 11% 1174 Union Oil 11% 12 Steels— Am Roll Mills... 12% 1174 1274 1174 Bethlehem 22 217* 2174 2174 Bvers A M 1774 1 67s 17 1674 Lurilum 4 McKeeport Tin.. 58% 58 58 58 Renub I & S 5% 5 5% ... U S Steel 48% 4774 4775 47 Vanadium 1774 1 674 1 774 16% Youngst S & T 15 15% Toba'-eos— Am Tob (At New 80 Am Tob B new. .82 8074 82 80% Tig A Mvers B 56 55% 55% 5574 Lorillard 14% 14% Reynolds Tob 38% 3874 38% 3774 ■United Cig 1 Utilities— Adams Exp 5 5 Am For Pwr 7% Am Pwr *Li 15% 1474 1474 14% A T A T 128% 127% 128% 12775 Col GaS A E1..'.. 147s 13% 1474 1374 Com & Sou 4 374 374 3% Cons Gas 6374 62% 6374 62% El Pwr & Li 12% Inti T A T 10% 1074 1074 1074 Lou Gas & El 2174 Natl Pwr & Li.. 1475 1 474 1 474 14% No Amer Cos 377a 3 7 37 74 3 7 Pac Gas A El ... 3574 ... Pub Serv N J 5675 5675 5675 56 So Cal Edison 3175 ... Std G & El 29 28% United Corp.... 975 9 % 974 875 Tin Gas 1mp.... 20% 20 20 2074 Ut. Pwr * L A.. 674 675 675 674 West Union..... 43 427* 42% 4274 Shipping— Am Inti Corp 7% 775 N Y Ship 674 6 6 674 United Fruit.... 27 26 27 27 Foods— Am Sivar 26 Armour A 1% Beechnut Pkg 4040 Coca Cola 114*4 113% 114% 113V* Corn Prod 44% 44% 447* 43% Cudahy Pkg 33% Cuban Am Sug.. 1% 1% 174 ••• Gen Foods 36% 36 36 3574 Grand Union 8% ... Kroger 1675 16% 16% 15*4 Nat Bisduit 44% 44 447* 4375 Natl Dairy 28% 2774 28% 27% Pillsbury 217* Safeway St. 51% 51 51% 51 Std Brands 12% 12% 127* 1274 Drugs— Coty Inc 3% 3% 3% 3% Drug Inc 52% 52% 52% 52 Lambert Cos ... 4575 44% 44% 43% Industrials— Am Radiator ... 77* 7 7% 7% Gen Asphalt 12% Lehigh Port 6% Otis Elev 16% 16% Indus Chems— Air Red 57% 56 57V* 56 Allied Chem 78 % 77% 787* 7675 Com Solv 8% 875 8% 875 Du Pont 55% 55 557* 54% Union Carb ... 31% 31% 31% 31% U S Ind A1c0... 28% 27% 2774 27.% Retail Stores— Kresge S S 16'* 16 Mont Ward. 9% 9% 9% Penny J C 31% 30 s * 31% 31 Sears Roe 34 33% 34 33% Woolworth 42% 42 42% 42 Amusements— ass Crosley Radio 375 ... Eastman Kod... 80 79 80 78% Fox Film (At... 3% 375 3% 3% Grigsby Grunow 17* Loews Inc 32 31% 31% 31 Param Fam .... 10% 9% 10 9% Radio Corp 9% 9% 9% 9% R K 0 5% 5% 5% 57* Warner Bros .. 3% 3% 374 3 Miscellaneous— Congoleum .... 10% 10% 10% 10% Proc A Cam 40% 40% Allis Chal 10% 10% Amer Can 68 l 67% 687 67 J I Case 36% 35% 36% 35% Cont Can 38% 38 38% 38% Curtiss Wr ... 1% Gillette S R.... 21% 20% 20% 20% Gold Dust 17'/* Int Harv 23% 23 23 23% Int Bus M 105% 105 105 104% Un Aircraft 167* 15% 16 15%

Bank Clearings

INDIANAPOLI SSTATEMENT —Feb. 29 Clearings S 2.310,000 00 Debits .. 6,171.000.00 Clearings for the month ... 5C.473.000.00 Debits for the month 128.350.000 00 TREASURY STATEMENT —Feb. 29Net balance for Feb. 26 *435.271.305.70 Expenditures 22.723.790.74 Customs rect. mo. to date.. 20,678,394 55 New York Liberty Bonds —Feb. 27 3%s .98.6 Ist 4%s 99 26 4th 4Vs 100.5 Treasury 4%s 102.31 Treasury 4s 99.54 Treasury 3>s 97.4 Treasury 3%s of ’47 94 8 Treasury 3.as 0l 43 94.3#

THE INDIANAPOLIS TIMES 1

render any transient and dubious gains from unsound practices, to realize the greater gain of the preservation of the * caiptalistic system, purged of its more notorious abuses. No optimism on this point will be derived from Richard Whitney’s indiscriminate defense of short selling on the New York Stock Exchange and his statement that he and his colleagues will resign from the direction of the exchange if government regulation of short selling is forthcoming. One reason why men like Mr. Whitney talk as they do is that they successfully can presume on the ignorance of the public concerning the actual facts of the market. I have questioned a number of very well-informed New Yorkers recently. Most of them believe that short selling is nothing more nor less than selling securities which one owns and has delivered for sale. They imagine that short selling simply means freedom to put one’s securities on the market. They can see no reason why this should be restricted. Hence, they are against the limitation of short selling as an impairment of ordinary human rights in the economic field. They can detect no reason why a man should not be as free to sell his stock as to sell his house or his car.

Bright Spots of Business

BY United Press NEW YORK, Feb. 29.—New York Telephone Cos. reported net income for 1931 amounted to $35,323,950, compared with $30,479,028 in 1930. CLEVELAND—A strong undercurrent of opinion in the steel trade is that March will initiate a belated spring rise in activity, according to the magazine Steel. NEW YORK—lmprovement In business sentiment which was noted in the first few weeks of the year continued throughout February, according to the monthly review of the Guaranty Trust Cos. EAST PITTSBURGH, Pa.—Westinghouse Electric and Manufacturing Company received an order for 2,000 electric ranges from the Alaoama Power Cos., the Georgia Power Cos. and the Tennessee Power Cos. DETROIT —Buick Motor Cos. reported retail deliveries for the second ten days of February were 32.6 per cent over the first ten days of the month. NEWELL, W. Va.—Local plants of the Homer Laughlin Potteries Cos. resumed full operations schedules today, adding 450 employes to the pay roll, which now totals nearly 3,000 workers.

PERFECT CIRCLE GAINS REPORTED Company Shows 48 Per Cent Increase for Year. By Times Special HAGERSTOWN, Ind., Feb. 29. Earnings of the Perfect Circle Company during 1931 set anew high record and showed an increase of 48 per cent over 1930. Net income for the year ended Dec. 31, 1931, after all deductions, including taxes and depreciation, amounted to $901,831, equivalent to $5.55 a share on the 162,500 shares of common stock outstanding. This compares with $608,503 for the preceding year, or $3.74 a share on the same number of shares. The balance sheet at the close cf 1931 revealed current assets of $2,330,793 and current liabilities of $291,967, a ratio of 7.9 to 1. At the end of 1930, current assets were $1,744,219 compared with current liabilities of $235,607, a ratio of 7.4 to 1. On Dec. 31, 1931, cash and Liberty bonds alone amounted to $1,107,675, an amount sufficient to liquidate all liabilities and to pay the estimated dividend requirements of $2 a share per year for two years. Total assets amounted to $3,602,132. Other Grain By United Press CHICAGO. Feb. 27. —Cash grain close: Wheat—No. 2 red. 597ic: No. 3 red. 59c; No. 3 vellow hard. 587*c: No. 3 mixed. 587 ac. Corn—No. 3 mixed, 32',2C: No. 4 mixed. 30’4@31%c. Corn—No. 2 vellow. 35'ic; No. 4 vellow. 31'/2@32%c: No. 5 vellow. 30%®31c: No. 3 white. 32%@33'/2C. Oats—No. 2 white. 23',2®25c; latter fancv; No. 3 white. 21®23c. Rve—No sales Barlev—42o 59c. Timothy—s3.lso3.4o. Clover —59014.

GUN UNDER PILLOW IS FATAL TO BOY

Accidental Discharge of Weapon Caused by Lad Stretching Arms. Accidental discharge of a revolver •beneath a pillow of a bed at the .Rome of his grandfather, Frank West, Center Church and Bottom roads, brought death almost instantly to Frank West Jr., 4, son of Mr. and Mrs. Frank West, 1822 Howard street. The tragedy occurred shortly before 10 Sunday. The boy and his grandfather awoke from a nap, and the child, stretching his arms as sleep left him, set off the weapon, a .38 caliber automatic, the safety catch of which had been released. There was a- muffled report and the child screamed. He became unconscious within a few seconds and was dead when Dr. M. L. Leeth, 1626 Howard street, arrived. An investigation was made by Deputy Sheriffs Ed Kassenbrock and Harry Cook. A verdict of accidental death was returned by Coroner W. E. Arbuckle. The bullet entered the child’s chest on the left side and ranged downward, emerging at the hip. Week-end visits at the home of his grandfather were anticipated eagerly by the boy. To him, grandpa was a hero because he is a locomotive engineer. When he left home Saturday, Frank, without protest, surrendered his toys, including a broken airplane, to his 3-year-old brother, Jackie. For the time being they meant nothing to him—he was going to

Article No. 1

WHEN, however, they are enlightened as to the real meaning of short selling, they usually are gravely shocked and quickly change their attitude toward restricting short selling. Apologists of short selling represent it as a benevolent enterprise, undertaken by philanthropic “bears” to keep the market free and open and to prevent violent fluctuations in the prices of securities. When one reads such partisan pleas, he well might believe! that the market “bears” are self-sacri-ficing custodians of our financial stability. Asa matter of plain fact, short selling, as generally practiced, is institutionalized gambling, pure and simple. A typical “bear” does not own the stock he offers for sale. Knowing or believing that the price of a given security will fall, he offers for quasi-fictitious sale a certain number of shares. He is required by exchange rules to deliver the stock sold by 2:15 p. m. of the next business day. Having no stock of his own to deliver, he borrows the stock of some other person, which is in the hands of his broker. He agrees to buy an equal number of shares at some later date to repay this loan of securities from his broker. it tt tt IT is the hope of the short seller that, between the time of the

WHEAT SHOWS FIRM TONE ON STEAfInUYING Strength in Stocks Offset by Weak Cable News. BY HAROLD E. RAINVILLE United Press Staff Corresnondent CHICAGO, Feb. 29.—Easy cables offset firmness in stocks and wheat opened steady on the Board of Trade today. .There was a fair business done at the start, with buying and selling about evenly balanced. Pressure was absent despite the lower Liverpool cables, that market expecting large tenders Tuesday and having larger receipts than recently. Com was steady with wheat, but trade was not large. Oats was steady and rather dull. At the opening wheat was unchanged to % cent lower; corn was unchanged to % cent higher and oats unchanged. Provisions were steady. Liverpool was slightly lower than expected and around midafternoon was V 8 cent lower to Vs cent higher. Support in corn is not as aggressive as it has been and the movement is increasing with the resultant weakened cash market. Traders look for a large increase in the visible supply today. The abnormally high temperatures have advanced field work and seeding in oats has progressed as far north as central Indiana and Illinois. The cash demand remains slow and puts increased pressure on futures on advances. Chicago Grain Range —Feb. 29WHEAT— Prev. High. low. 11:00 close. March 57% .57% .57% .57% Mav 61% .6174 .617-5 .61% July 63 74 .62% .6274 .6374 Sentember 647* .64% .64% .65 CORN— March 3574 .3574 .3574 .35% Mav 39% .397* .39% .39% July 42 .41% .41% .42 September 437* .43 .43 .43'/* OATS— March 21% .... Mav 25 .24% .24% .25 Julv 2574 25 .257* .25 September 257* RYE— Mav 47 .46% .46% .46% July 49% .4974 September 50% LARD— March ... ... 4.90 4.90 Mav 5.07 5.07 July ... 5.22 5.22 By Times Special CHICAGO. Feb. 29.—Carlots: Wheat. 41; corn, 41; oats, 30; rye, 0, and barley, 8. By United Press TOLEDO. 0., Feb. 27.—Close: Grain in elevator, transit billing; Wheat—No. 2 red. 74c. Corn—No. 2 yellow, 3674 ©3775c. Oats—No. 2 white. 27©28c. Rye—No. 2, 46©47c. Track prices. 2875 c rate; Wheat—No. 2 red, 56%0 57c; No. 1 red, lc premium. No. 3 red, %@3c discount; No. 4 red. 3®jsc discount. Corn — No. 2 yellow, 32©32'/sc: No. 3 yellow. 30® 31c; No. 4 yellow. 27029 c. Oats—No. 2 white. 24®25c; No. 3 white. 22'/2®*2lc. Clover—Prime. $8.75; Feb.. $8.75; March, $8.75. Alsyke—Cash. $8.75; Feb.. $8.75; March. $8.75. Butter—Fancv creamery, 23026 c. Eggs—Extras, 14@1474c. Hay— Timothy per cwt., 80c.

o‘. ’^g

Frank West Jr.

see grandpa, who handles the throttle of a Belt railroad engine. Today the grandfather, prostrated by grief, is confined to bed. He explained to authorities he had kept the revolver handy because he had been annoyed recently by chicken thieves. Funeral services for the child will be held at the Church of Christ at 2, Tuesday afternoon. Burial will be in Washington Park, cemetery. _

original short sale and the purchase of the stock to repay the loan the price of the given stock will have fallen away notably. If so, he wins, pocketing the difference between the price of the stock when he sold the borrowed securities and when he purchased a similar block to repaly his loan, i. e., between the sale and covering price. If, in the meantime, tue stock should happen to rise, the gambler will be caught and wili lose as much as the gain the market price after he has made his original short sale. To illustrate: If a “bear” sells United States Steel stock at 48, delivering borrowed stock at this price to make good the “sale,” he must buy the stock to make good his loan, as less than 48. Otherwise he will make no money. If he buys it later to cover at 26, he will have made approximately sl2 on each share. If, however, the stock should go lip to 56. he would lose about $lO a share on his gamble. tt M tt THE short seller in the origininal instance has sold nothing of his own. The man who owns the stock which has been manipulated in the sale usually has no knowledge of the transaction and no wish to put his stock on the market. Therefore, there is no connec-

The City in Brief

TUESDAY EVENTS Rotary Club, luncheon. Clavpooh Young Lawyers’ Club, luncheon, Washington. Gyro Club, luncheon. Spink-Arms. Mercator Club, luncheon, Columbia Club. Architectural Club, luncheon, Architects and Builders building. Purchasing Agents’ Association, luncheon,; Severin. American Chemical Society, luncheon. Severin. Universal Club, luncheon, Columbia Club. Republican Veterans, luncheon, Board of Trade. League for Hard of Hearing, meeting, 7:30,' Stokes building. Zonta Club, luncheon. Columbia Club. Jewelers’ Guild, dinner, 6:30, Washington, Election of officers for the newly organized Park Crest Civic Club is scheduled at a meeting at 8 tonight in the Garfield park community house. Malcolm C. Rees, Boston, Mass., administrative vice-president of the Unitarian Laymen’s League, will discuss policies and programs with officers of the All Souls Unitarian church at a luncheon today at the Athenaeum. Toyozo W. Nakarai, professor of religion at Butler university, will lecture on Shintonism, prevailing religion of Japan, at the Indiana university extension center at 8 on Tuesday night. Eddie Harris, 12, Negro, 401 Blake street, today is suffering from a bullet wound in the left hand, which he told police resulted from accidental discharge of a revolver with which he was playing in his home. Speaker for a meeting of the Warren Township Republican Club to be held tonight at the home of Scott Gehring, 8500 East Washington street, will be Lloyd Claycombe, attorney, whose subject will be “The Accomplishments of President Hoover and Why He Should Be Re-elected.” William Storen, state treasurer, will speak at the weekly luncheon of the Lions Club at the Washington Wednesday noon. Because of illness, Howard Brenton MacDonald, noted authority on foreign affairs, will be unable to speak Wednesday night at the Marott, as scheduled. He was to have spoken on “The Viking Empire and Russia.” Another address, which has been canceled, was before members of the Kiwanis Club.

Produce Markets

, Eggs (country run)—Loss off delivered iff Indianapolis, 10c; henery Quality No. 1. 12c; No. 2. 9c. Poultry (buying; nrices)—Hens weighing 5 lbs. or over. 14c; under 5 lbs.. 13c; Leghorn hens. 10c; broilers, full feathered. 3*2 lbs. or over. 13c: under 11c; Leghorn broilers. 10c; soring chickens. 5 lbs. and up. 12c; under 11c; old cocks 7cducks, full feathered. 9c; geese. 6c. These prices are for No. 1 top aualitv auoted by Kingan & Cos. Butter (wholesale)—No. 1. 26027 c: No. 2. 24® 25c. Butterfat—22c. Cheese (wholesale selling price per pound)—America loaf. 23 3 4c: pimento loaf, 25 3 4 c: Wisconsin firsts. 19c; Longhorns, 19c; New York limbereer, 30. By United Press , CINCINNATI. 0.. Feb. 29.—Butter—Packing stock. No. 1,18 c: No. 2. 12c; No. 3. 8c; butterfat. 16018 c. Eggs—Steady; cases, included; extra firsts. 12c: firsts. 11c: seconds. lO'/ic: nearby ungraded. 11c: duck eggs. 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: Wi lbs. and over, 25c: 2 lbs. and over. 24c: fryers, 3 lbs. and over. 23c: partlv feathered. 12c: Leghorn broilers. 1 lb. and over. 15c; lVi lbs. and over. 15c: 2 lbs. and over. 13c; Leghorn stags. 12c: colored stags. 14c: black springers. 11c: 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. 29,—Butter—Extras, 25'4c; standards, 25c: market, weak. Eggs —Extra firsts. I3V2C: current receipts. 12*20; market, steady. Poultry—Heavy fowls. 15(517c: medium. 18® 19c: Leghorn 15016 c: smooth springers. 18® 19c; broilers. 21®,23c; heavy broilers, 22® 24c: ducks, 20® 22c; old cocks. 10® 12c; geese, 14®16c: stags. 13® 14c: turkeys. 25c: market, steady. Potatoes—Ohio and New York, 40® 50c per bushel; Maine Green Mountain, sl.lo® 1.25 per 100 pound sack; Idaho Russet, $1.7502.25 per 100 pound sack. By United Press CHICAGO. Feb. 29. —Eggs—Market, unsettled: receipts. 17.054 cases: extra firsts. 12 3 /: firsts. 12**c; current receipts, ll 3 c; seconds. 10®10'/*c. Butter—Market, weak; receintsc. 12.398 tubs: extras. 2114 c; extra firsts. 20®21c; firsts. 20®20V*c: seconds. 19® 19 Vic: standards. 21c. Poultry— Market, firm: receipts. 1 car: fowls. 16® 17c: springers. 16®22c: Leghorns. 14Vic: ducks. 17®20c: geese. 10c: turkeys. 15@ 22c: roosters. 10c: broilers. 22@24c. Cheese —Twins. 11>4®.11%c: young Americas. 12 ®l2'/sc. Potatoes—On track. 296: arrivals. 184: shipments. 1.130: market, about steady: Wisconsin Round Whites. 75®80cIdaho Russets. *1.3001.45: Michigan Russet rurals. 75080 c; Nebraska triumphs. [email protected]. By United Press NEW YORK. Feb. 29. —Potatoes—Market, dull: Long Island. 51®2.40 barrels: Southern. [email protected] crate: Idaho. *2.2502.50 sack: Bermuda. *4®9 barrel: Maine. *1.50 01.85 barrel: Canada *1.25 0 2.40 barrel Sweet potatoes— Market. dull: Jersey baskets 35c®*1 25: Southern baskets. 400 65c. Flour—Market, ouiet: soring patents. $4.6004.80. _ Pork-Market, steady; mess! $16.37V2. Lard —Market, firmer: middle west spot. *5.1005.20. Tallow— Market, firm: special to extra. 02Vi®.02 3 4c. Dressed poultry—Market, auiet: tutrkevs. 15028 c; chickens. 20029 c: fowls. 10®24c: broilers. 20027 c: canons. 18032 c: ducks. 12016 c: Long Islands, ducks. 16©18c. Live poultry —Market, steadv: geese. 10015 c: ducks. 11 019 c: fowls. 20021 c; tfkevs. 15® 80c: roosters. 10c: chickens. 'f® 28c: broiler*. 15025 c: capons. 17®28e. Cheese—Market,

tion between the usual short selling and the free and legitimate sale of securities which a man personally owns and wishes, for one reason or another, to dispose of. Those who wish to curb short selling have no desire whatever to interfere with the freedom of the sale of securities. There is almost no short selling of bonds on the New York Exchange. Yet there is no evidence of the absence of any free and open market for bonds. Next: Dr. Barnes will discuss the disastrous effects of short selling.

Dow-Jones Summary

Anchor Post and Fence Company In year ended Dec. 31. 1931, reported net loss of $90,647 after taxes, interest, depreciation, etc., against net Income of $72,323 In 1930. Marlin-p.ockwell Corporat7on and subsidiaries In year ended Dec 21, 1931. net loss amounted to $23,052 after depreciation. taxes and after $122,402 loss on sale of capital assets, against net profit of $922,171 in 1930 equal to $2.53 a share on 364,145 shares. Stocks of erode robber In London on Feb. 27 totaled 65.923 tons, a decrease of 1,391 tons from preceding week; i Liverpool 59,868 tons, an increase of 354 ■ tons. | Atlantic Coast Line reported January l net income at $258,836 against $781,765 i in January, 1931. ! Chicago A Eastern Illinois in January showed net. operating deficit at $189.'200 against deficit of $186,325 In January, 1931. Denver A Rio Grande Western 1n January reported deficit at $346,816 after taxes and charges, against deficit of *1,314 in January, 1931. Loft. Inc.. January sales amounted to $991,852, gain of $72,605, or 8 per cent over January, 1931. California crude oil output in ■week ended Feb. 27. averaged 499,250 barrels daily, against 498,950 barrels daily in previous week, according to California Oil World. Report of J. I. Case for year ended Dec. 31, 1931, shows net loss of 5885.270 after interest, depreciation and extraordinary charge of $1,049,000 for decline in value of foreign enrreney assets in foreign countries to exchange rates at Dee. 31. National Power and Light Company in 1931 earned $1.67 a common share, against $1.99 in 1930. Marshall Fields A Cos. in 1931 showed consolidated net loss of *5,144,369, after cha.ge, against net profit of $4 724,728 in 1930. McCrory Stores Corporation in 1931. reported net profit of $991,866 after depreciation and interest, but before Federal taxes; 1930 net profit of $2,168,174, after charges and federal taxes. Colorado Fuel A Iron Company and subsidiaries in year ended Dec 31,1931, net loss amounted, to $3,363 206 after interest, depreciation, taxes, etc., against net profit of $298,648 in 1930, equal after 8 per cent preferred dividends to 41 cents a share on 340,505 common shares. Waldorf system in 1931 earned $2.43 a common share, against $2.55 in 1930. John R. Thompson Company in 1931 earned $3.01 a common share, against $3.75 in 1930. Grand Union Company in year ended Jan. 3. 1932, carped $1.86 a common share, against $2.24 in previous year. American Chain Cos., Inc., and subsidiaries in year ended Dec. 31, 1931, reported net loss of $2,183,457 after depreciation, interest and loss on conversion of net cur- | rent assets of foreign subsidiaries at cur- , rent rates of exchange, against net income of $1,685,115 in 1930 equal, after 7 per cent preferred dividends to $3.85 a share on 250,221 common shares. Perfect Circle in 1931 earned $5.55 a share, against $3.74 in 1930. Tntertype Corporation, 1931. earned 51 cents a common share, against $1.46 in 1930. Amalgamated Leather Cos. in 1931. reported net loss of $393,428 after charges, against net loss of $1,111,382 in 1930. Pittsburgh Steel Foundry Corporation in 1931. showed net loss of *110,655 after charges, against net profit of $120,303 in 1930. Report of Park Utah Consolidated Mines Company including Silver Mining Company for year ended Dec. 31. 1931. shows net loss of $473,399 after taxes, depreciation, etc., but before depletion, against net loss of $142,285 in 1930. White Motor preliminary report for 1931. shows net loss of $2,770,712 after interest, depreciation, inventory write-down of *1.576.507. foreign exchange loss and writedown of investments to market value; 1930 net loss was $83,774. Omnibus Corporation in 1931 earned 62 cents a common share, against 34 cents in 1930; including undistributed profits for year accruing to stock owned in Fifth Avenue Bus Securities Corporation and New York Transportation, the total earnings for common were equal to $1.28 a share, against 96 cents in 1930. Melville Shoe Corporation in 1931 earned $2.09 a common share, against *3.23 in 1930. Fifth Avenue Bus Securities Corporation in 1931 earned 64 cents a share, against 64 cents in 1930, Leslie-Californla Salt Company declared the regular Quarterly dividend of 20 cents, payable March 15, of record March 1.

Local Wagon Wheat

City grain elevators are baying 46c for No. 2 red wheat and 46c for No. 2 hard wheat.

In the Cotton Markets

CHICAGO —Feb. 27 High. Low. Close. March 7.01 Mav 7.16 7.10 7.15 Julv 7 32 7 26 7.32 I October 7.50 7.48 7.48 December ... 7.65 j NEW YORK January 7.67 7.61 7.66 : March 6.93 6 86 6.92 1 May 7.07 6.99 7.07 July 7.24 7.16 7.23 1 October 7.44 7.37 7.43 December 7.60 7.54 7.60 NEW ORLEANS March 6.89 6.85 6.89 Mav 7.06 7.00 7.04 Julv 7.23 7.15 7.20 October 7.41 7.34 7.37 December 7.57 7.53 7.56 New High-Low Figures Beginning with the March issue, the Financial Press of New York will include, for the first time in the Investor’s Pocket Manual, a four-year high and low price range of every stock listed on the New York Stock Exchange, covering each of the years 1929, 1930, 1931 and 1932 to date. NEW YORK COFFEE RANGE —Feb. 27High. Low. Last. March 6.27 May 6.35 6.30 6.35 July 6.34 6.30 6.34

Thomson & McKinnon , INDIANAPOLIS CHICAGO NEW TORE MEMBERS Nam York Btoek Kxchui* Chicago Stock Exchange Nam York Cotton Exchange Chicago Board of Trade Now York Curb Association Rooms 200*214 Circle Tower Telephone Llaeeia SStl

PAGE 9

PORKERS SCORE 5-CENT UPTURN AT STOCKYARDS Cattle Undeveloped, Trend Steady: Sheep Trade Dull. Hogs opened the week steady to 5 cents higher at the city yards this morning. The bulk, 130 to 325 pounds, sold for $4 to $4.35; early top holding at $4.35. Receipts were estimated at 5,000. Holdovers were 67. Trade in cattle was not fuily developed; indications were steady. : Receipts numbered 600. Vealers I were a half-dollar lower at $7 down. Calf receipts were 500. No early action was apparent in lambs. Asking was higher. Receipts were 2,200. Hogs at Chicago scored a 5 to 10 cent upturn at the opening. Heavyweights were fully 10 cents above Fndaysaverage; good to choice " 210-Pound weights brought 7 5435: best held higher; 280 to 300 pounds $3.95 to $4. Reecipts were 45.000, including 18.000 direct. Holdovers were 2,000. Cattle receipts were 15.000; calves, 2,000; market steady. Sheep receipts. 15,000; market, steady to 25 cents up. HOGS . b ‘ $3 850*4.35 £arl '"ton. Receipt* i: MZ HI 1 !?• 3asn Hi s 29. oo® 4.35 4!35 1C “• ow *: market, higher. (140-180) Good and choice $ 4.00® 4.15 tcf% ig*. ~~-Li2ht Lichts—-(l6o-130* Good and choice 4 ---Licht WeiKht‘s-1! (200*220 an( l Choice... 435 (200-220) Medium and g00d... 435 ,- n . —Medium Weights—--1250*200 and Choice..... 4.25® 4.3fi (250-290) Medium and g00d... 4.10® 420 ~o n .... _, —Heavy Weights—-(29o-o50) Good and choice 3 90® 4’o .... ~ —Packing Sows—1100*1 sn hiT'!!? an< J * ood •• S OO'S’ 3.50 (100-130) Slaughter pigs 3.75® 3.85 CATTLE Receiots. 600; market, ateadr. Good end choice $ 6 000? 8 50 Common and medium 3 g’oo t . d.IOO-1.800) £?°, and * nd choice 6.00© 6.00 common and medium 4.25@ 6.00 —Heifers— Good and choice 3 00® 700 Common and medium 2.50® s^oo —Cows—iGood and choice 3.00® 3.75 rsfii 2.50® 3.00 cun and common 1.25® 2.50 —Bulla (yearlinrs excluded)— Good and choice beefs 2.75® 3.75 Cutter, common and medium.. 1.50<® 2.75 CALVES AND VEALERS Receipts, 500; Market. lower. _ . —Vealers— Good and choice $ 6.50® 7.00 J£ e n lUm .* 4.50® 6.50 Cull and common 3.00® 4.50 —Calves— Good and choice 3.50® 600 Common and medium 2.00® 3.50 —Stockers and Feeder Steers— Good and choice 4.00® 5.75 Common and medium 3.00® 4.00 . (600-1.500) Good and choice 4.00® 5.75 Common anand SHEEP AND LAMBS Receipts, 2.200; market, steady. Good and choice * 6.00® 7 00 Common and medium 3.50® 6.n0 Ewes, medium and choice 1 75® 3.00 Cull and common .75® 1.75 Other Livestock By United Press CINCINNATI. 0.. Feb. 29,—Hogs—Receipts, 7,000 including 3.500 direct; holdover. none; {airly active, steady to strong; spots 10c higher, compared with Friday and Saturday; better grade. 160240 lbs., $4.25c<; 4.50; mostly $4.50 on 225 lbs. down; 260-300 lbs., [email protected]; 120-150 lbs., $3.85®4; sows mostly $3. Cattle— Receipts. 1,600; calves, 400; slow, steers and heifers, weakly to mostly 25c lower: common and medium, *4®4.25: one load steer, $5.50; small lot of desirable heifers. $5.75; sprinkling of steers upward to 625; beef cows, $3®3.50; fully steady to strong; low cutters and cutters, steady. $1.75® 2.75; bulls unchanged; practical top $3.25; vealers unevenly steady to 50c lower; good and choice mostly *7.50; a few $8; lower grades largely *6.50 down. Sheep—Receipts. 1,200; about steady: better grad* wooled lambs absent; quotable $6.50®6.75; mostly; a few clipped $6©.6.50; common and medium, $4©5.75: sheep quotable 5!. e i‘ <ly J t 0 strong: spots 50c higher at $2.50 down. By Times Special 1 29.—Hogs—Receipts. 1.400; steady: 175-235 lbs., $1.30; 240-295 lbs. *4; 300 lbs. up, $3.40; 175 lbs. down.' $3.90; packing sows, $2.40®3.15: stags. $2.15. Cattle—Receipts, 1,400; very slow and mostly steady to 25c lower; bulk slaughter steers and heifers. 4®5.50; best lot. *6.25; slaughter cows and bulls, *3.25 down: light stockers, $4®5.25. Calves— Receipts, 700; market 50c lower; good and choice vealers, ss®6: throwouts, $4 down. Sheep and lambs—Receipts, 100; steady; best fat lambs. $6.25; buck lambs. $5.25; throwouts. $3.50 down; fat ewes, $2 50 down. Saturday’s shipments: Cattle, none; calves, 416; hogs, none, and sheep, none. By United Press EAST ST. LOUIS. Feb. 29.—Hogs Receipts, 11.000; market steady; top $4 25; JV’nJT 5 n- 230 J)? s ' 20- 250-320 Tbs.. $3.90®4.00; 100-140 lbs.. $3.25® 3.90; sows mostly $3.20®3.35. Cattle—Receipts, 4 000calves, receipts 1.500; market, vealers 250 lower at $7.50; indications weak to lower on other classes; good to choice steers. S6 ®9: common to good, $3.50®6.25; good to choice mixed yearlings and heifers, Ss®7: common to medium. $3.75(5 5; cows *2 50® low cutters, $1.25®2; medium bulls $2 ®3. Sheep—Receipts. 2,500; market opened steady: choice lambs to city butchers, $7; packers talking mostly *8.50 down, indications steady on throwouts and sheep. By United Press LAFAYETTE. Ind.. Feb. 29 Hogs—Marto . 5c Wither: 160-200 lbs., $4.15; 200-225 lbs. $4.10: 225-250 lbs.. *4; 250-27.i H>S., $3.95; 275-300 lbs., *3.85: 300-325 lbs mo°i : in 15 ?h 16 ° * 3 80; 130-150 lbs.. *3.60;' 100-130 lbs 3.40: roughs, $3 down; too calves 50c lower; $6 down; top lambs, $6. By United Press kef I \nW N £’ l nd ” 29.—Hogs—Market. 10® 15c higher: pigs and lleht liiht* 4 3 2n°^I S .i ’tebts. medmms.’Yl® 4.20, heavies. *3.75®4; roughs, $3; stags 1.50; caives, 7; lambs, *5.75. By United Press , PITTSBURGH. Feb. 29.-Hogs Receipts o',i 00 iu mark et strong to 10c higher- 170-1 ’bv * 4 .60®4.75; 210-250 lbff*4.3l® 4 60, 260 lbs., upward. s4® 4 25- 130-150 lbs, *404.50; pigs, $3.3503.90'' packing sows mostly, $3.25.’ Cattle-Common to medium heifers. *3.500 4.50; mediuni and bS?£ C S2 75®Y5n 25 V CO , mmon ™ U medn?m S.i* 2 ’?* 3 ' 50 ' , Calves—Receipts. 500: market, slow; vealers about 50c lower?r°a°d d e ®i4 ck* 6 ' 75 *'' 8 50: medium grade, $4.i5®6. Sheep—Receipts, 2.000' market about steady; good and choir* wool lambs, $6.25®6.85; good and choice shorn lambs, *5.50®6. cnoice By United Press TOLEDO, Feb. 29.—Rogs—Receipts 2so* . str ° n ß to 10C higher; top, $4.30® 4.40; mixed, *4.25®.4.40: bulk. $1.25® 4.40' P'gs $3.50® 3.75; lights * $3 c o©3 75roughs, *3® 3.25. Cattle—Receipts " 50' o to P r 7me steers’ *6.50 q i.so, lair to choice cows, $2 500 3 50heifers B S°4°V)®s vi 75; fair to choic* he:"erg S4^ 50®5.50_ good to choice stockCalv?s—ilcccipts. lizhr lower l choice to extra fa & The Allison Realty Company and Grinslade Construction Company, formerly located at 607 People’s Bank building, have moved to 125127 East Ohio street.