Indianapolis Times, Volume 43, Number 253, Indianapolis, Marion County, 1 March 1932 — Page 9

MARCH 1, 1932.

STOCK SHARES GAIN STRENGTH AFTER DECLINE Auburn Moves Up 5 5-8 Points From Previous Close; Coppers Dull.

Average Stock Prices

Axeratrr of thirty Industrials for Monday 81.44. off ,58 Average of twenty rails 39.29. oft .16. Average of twenty utilities 33.25. off .28. Average of forty bonds 79.96. off .04. Hu I.lilted I’rruK NEW YORK, March I.—Aside from a few special issues, the stock market firmed up to gains of fractions to a point before noon after a moderate reaction in earlier trading. Pressure on John| Manville, which broke to 18%, off 3%, was an unsettled factor in the early dealings. Selling was induced by elimination of the dividend and earnings of only 8 cents a share in 1931. Bendix Aviation was driven to 13%, off 1%, and anew low for the year on reduction of the dividend. Movements Are Narrow Aside from these two issues movements were narrow. Auburn provided the wide mover on the upside, reaching 90%, up 5% from the previous close. United States Steel touched 45% in the early dealings and around noon was back to 46%, up % from Monday’s close. American Can sold down to 66 and rallied to 66%, up % point net. American Telephone rose iiom 125% to 126%, up %. Westinghouse Electric rallied to the previous close of 29% from a low of 19 %. Traders were in doubt over the safety of the dividend of $2.50 annually, which brings the yield on the issue to around 9 per cent. General Electric, Tuesday’s weak spot, rallied fractionally. Small gains were made by such Issues as McKeesport Tin Plate, Union Carbide, United States Industrial Alcohol, Gillette, Standard of New Jersey, DuPont and Montgomery Ward. Metals, at New Lows Copper shares ruled dull despite decline in the price of the metal to new lows, the domestic at 5%, cents a pound and foreign 5%. Lead dropped 25 points to anew low at 3.25 cents a pound, while silver firmed up % cent to 31 cents an ounce for bar metal. Cotton firmed up after a lower opening, while wheat eased off % to % cent r, bushel. Corn was down % to Vx cent. Silk was easier and rubber futures dropped to new lows. Sugar futures were steadier after a drop to record lows Tuesday.

Bank Clearings

INDIANAPOLIS STATEMENT —March 1— Clearings $2,804,000.00 Debits 9,590,000.00 TREASURY STATEMENT March 1— Net balance for Feb. 27 $431,140,252.33 Expenditures 6,533.345.59 Customs rects. mo. to date.. 21,650,388.06

New York Bank Stocks

(By Thomson & McKinnon) —Feb. 29Bid. Ask. Bankers 61% 63% Brooklyn Trust 235 260 Central Hanover 139 143 Chase National 38% 40% Chemical 35% 37'/g City National 53 55 Corn Exchange 61% 64% Commercial 155 163 Continental 16% 18% Empire 25% 27% First National 1,665 1,765 Guaranty 30(1 305 Irving 20 21 Manhattan A Cos. 37% 39% Manufacturers 32% 34'/* New York Trust RR 91 Tublic 26% 28%

New York Curb Prices

(By Thomson k McKinnon) —March 1— •11:001 11:00 Alum Cos of Am 48%lHvdro Elec .... 10% Am Gas k Elec 33% Int Super 10 Am Sup Pwr... 3%11nt Peie 10 Ark Gas iA.. 2% Midwest Util... 2% Ass Gas k Elec 3%|Nat Aviation ... 3% Braz Pwr * L 12%INat Pub Serv A 7% Cent Sts Elec.. 1% Pitt Glass 18% Cities Service.. 6% Nia Hud Pwr... 6% Com Edison ....102 St Regis Paper.. 4% Cord 4% So Union Gas.. 2 El B k Share., 9% Std of Ind 15% Elec Pwr Assn. 7 Stutz 12% Gen Aviation.. 3%;Un Gas t A> .... 2% Ford of Can .. 5 Un Lt k Pwr... 5% Ford of France 6%jUn Verde 3% Goldman SRchs 2% Ut Pwr 1% Hudson Bay ... 2 lUti Fndrs 1%

Investment Trust Shares

<Bv Gibson and Bernard) PRICES ARP TO 13 NOON C. S. T. —March 1— Bid. Ask. Am Founders Coro Com 'a ... Am As Gen Sec A B'a ... Am Inv Tr shares Basic Industry shares 2 a * ... Collateral Trustee sha-es A.... 4'* 4** Cumulative Trust shares ... 3’* 3’a Diversified Trustee shares A.. 7... Fixed Trust Oil shares 2' ... Fixed Trust shares A 71* ... Fundamental Trust shares A... 3 1 ■a * Fundamental Trust shares 8.. 3*4 4’ Leaders of Industry A 3 a * ... Low Priced shares 3 s * 3 a 4 Nationad Wide Securities ... 3’* 3'* Selected American shares ... 2’* 2 a 4 Selected Cumulative shares .... 6 6’e Selected Income shares 3'-i 3*4 Shawmut Bank Inv Trust.... 2 3’a Std Am Trust shares 3 a * 3 3 4 Super Corn of Am Trust shares 34 3 s , Trustee Std Oil A 37* 3>4 Trustee Std Oil B 34 3H Unified Ser ice Trust shares A. 2’* ... U S Elec Light k Pow A... 17 19 Universal Trust shares 27* 3&

Net Changes

By United Press NEW YORK, Feb. 29. Closing prices and net changes on principal stocks traded today on the New York Stock Exchange, follow: Up. Off. Allied Chemical 764 .. 4 American Can 66'j .. American Telephone 126'x .. l a i Auburn 85’* .. 7% Bethlehem Steel 21' .. 4 Case 354 .. V* Chrysler 12*4 ’4 Consolidated Gas 62 .. a * Du Pont 54 4a Electric Power 12’a > Oeneral Electric 194 .. 7* General Motors 20*4 .. t 4 Internationa! Nickel 74 ’ 4 International Tel. unch 10’i .. Loew's Inc 314 t* Montgomery Ward unch . 9’* .. .. N Y Central 29 ’i North American 35’* .. ITfc Pennsylvania 19 Ai Public Service 56’* i* Radio B’* .. 4a Rado-Ketth 5 ! , . Standard Gas 28’* .. 4 Trans-America 4* * Union Carbide 32 ’i, United Corp 9 U S Steel, ex-div 46 .. , Vanadium 16''e .. 4* Westtnghouse El 29*4 .. Woo!worth, unch. 42 Chicago Stocks Opening ißy James T. Hamtll A- Cos.) —March 1— Asso Tel Util.. 5 ;chl Sec 1 Bendlx Avia .. 14YjOt Lks Arctt... IV* Borg Warner .. 10*4 Insul com 2 Cent So West.. 8 Instill pfd 17a Cities Service.. 6 InsuH 6’a '4O .. 17'* Cord Corp 4%: Mid West 3'i Cont Chi com. 17a Swift * Cos 1874 Com Edison ...103 )tlt Ac Ind com.. 2V4

New York Stocks ————• Bv Thomson & McKinnon) ———————

—March 1— Prer. Railroad*— High. Low. 11:00. clone. Atchiaon 78% 78% Atl Coast Line 27 Balt k Ohio 17 17 Chesa k 0hi0... 23% 23 23 23% Chesa Corp 17 Can Pc 17% 17% 17% 17% Chi N West 8% CR14P.,.. 10% 10% Del L & W 20 % Great Northern. 19% 19% 19% 19 Illinois Central 13 13% Lou k Nash 22 Mo Pacific 8 7% 7% 8 Mo Pacific pfd.. 19 18% 18% 18% N V Central ... 29% 29% 38% 29 NV NH Ac H ... 24 23% 23% 23% Nor Pacific 19% 19% Norfolk k West 125 O Sc W 6 V 7 Pennsylvania .!.* is% iB% 18% 19 Seaboard Air L. % % % % So Pacific 26% 25% 25% 26% Southern Rv 9% 10 St Paul 2% St Paul old ... 3% ... Union Pacific .. 79% 78% 79% 82% W Maryland.... 6 Equipment*— Am Car k Fdv 7% Am Locomotive 7% Am Steel Fd... . 6% 6% 6% ... Am Air Brake Sh 14% Gen Am Tank.. .. ... 31% 32% General Elec ... 20% 19% 20 19% Gen Rv Signal ... 25% Poor & Cos * ... 3% Pullman 21% Westingh Ar B 15% Westingh Elec.. 29% 29% 29% 29% Rubbers— Firestone 13% Fisk % Goodrich 4% ... Goodyear ... 15% 15% Kellv Sorgfld ... 2% 2% 2% 2% U S Rubber 4% 4% Motors— Auburn 87 85% 87 85% Chrysler ... 12 12% General Motors.. 20% 20% 20% 20% Graham-Paige 33% Hudson 7 7% Hupp 3% 3% Mack ... 15% 15% Nash ... 17% 17% Packard 3% 3% 3% 3% Reo 2% Studebaker ..... .. ... 10% 10% White Motors ... 10% Yellow Truck 4 Motor Access— Am Bosrh 6 Bendix Aviation. 14% 13Vi 13% 15% Briggs ... 10% 10% Budd Wheel 3% Eaton 6% El Auto Lite 29% 29 29 29% El Storage B ... 30% ... Hayes Body IV* Houda 3% ... Murray Body ... 9% 9% 9% 9% Sparks W ... 2% 2% Stewart Warner. .. ... 5 5% Timken Roll 20% 20% 20% 19% Mining— Am Metals 4% Am Smelt 14% 15 Anaconda Cop 9% 9% Alaska Jun .... 13% 13% 13V. 13% Cal k Hecla .. ... ... 3 Cerro de Pasco 11% 11% Dome Mines 9% Freeport Texas 18% 18% Granby Corp 6 Groat Nor Ore.. .. ... ... 10% Int Nickel 8% 8 8 7% Isl Crk Coal 15% ... Kcnnccott Cop.. 9% 9% 9'/. 9% Magma Cop 7 Miami Copper 33 Nev Cons 4Vi 4% Norat.da % ... 14 Texas Gul Sul 28% 24% U S Smelt 16 Oils— Amerada 14 Atl Refining 10% Barnsdall 4% 4% Houston 3% Mex Sbd 8 7% 8 7% Mid Conti 5% Ohio Oil 5% 5Vi Phillips 5 5 Prairie Pipe .... 8 7% 7% BVi Pr Oil k Gas 5% Pure Oil 4% 4% Royal Dutch 21V* 20% Shell Un 3% Sinclair 5% 5% Skelly 314 Standard of Cal 24% 24% 24% 24% Standard of N J .. ... 28 Vi 28 V 4 Soc Vac 10 9% 9% 9% Texas Cos 11% 11% Union Oil 12 Steels— Am Roll Mills 11% 11% Bethlehem 21 20% 20% 21 % Byers A M 16% 16% 16% 16V* Colo Fuel 8% Ludlum 4 V# 4% McKeesport Tin 57 55% 57 55% Midland 8 Repub I k S 5Vi 5Vi U S 5tee1....... 46 Vi 45% 46 46 Vanadium 16% 16% 16% 16% Youngst S & T 15% Tobaccos— Am Tob A (new) .. ... ... 80 Am Tob B (new) 81 80% General Cigar 34% Lig & Myers B 55% Lorillard 14% 14% Reynolds Tob .. 38% 38 38 37% Tob Pr (A). 8% 8% Tob Pr (B) 5% 5% Utilities— Abltibi 2% Adams Exn 5 4% 5 4% Am For Pwr 7% Am Pwr k Li... 14% 14 14 14V* A T k T 126% 125% 126 126 % Col Gas & El.. 13Vi 13% 13Vi 13% Com k Sou 4 3% 3% 3 7 /b Cons Gas 62% 62 62 62 El Pwr & Li 12% 12% Gen Gas A 2 2 Inti T k T.... 10% 10% 10% 10% Natl Pwr k Li 14 13% No Amer C 0... 36% 36 36% 35% Pac Gas k E 1... 35% 34% 35% 35 Pub Ser N J... 55% 54% 55 56% So Cal Edison. 32 31% 31% 31 Vi Std G k E 1... . 28% United Corn... 9% BV* 8% 9 Un Gas Imn ... 19% 19% 19% 19% UtPwr&LA... 6% 6% 6% 6% West Union 41% 41 41% 41 Shipping— Am Inti Corn... 6% 6% 6% 7 N Y Shin . 5% United Fruit... .. ... 26% 26% Foods— Am Sug 25 Armour A. 1% Beechnut Pkg 4040 Vi Cal Pkg 10 Coca Cola 112% Corn Prod 44% 44 44 44% Cuban Am Sug 1% IV* Gen Foods 35% 35% 35% 35% Grand Union 8% Hershey 79 Kroger 16% 16% 16% 16% Nat Biscuit 44 43% Natl Dairy 28 27% 27% 28 Purity Bak 13% Pillsbury 22V*

Produce Markets

Edits (country run)— Loss off delivered in Indianapolis. 10c; henerv aualltv No. I. 12c: No. 2. 9c. Poultry (buving prices)—Hens weighing 5 lbs. or over. 14c: under S 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. 7c; ducks, full feathered. Pc: eeese. 6c. These prices are for No. 1 lop oualitv auoted bv Kingan <fc Cos. Butter (wholesale)—No. 1. 26®27c: No. 2. 24@25c. Butterfat—22c. Cheese (wholesale selling price per poundi—America loaf. 23 3 4 c: pimento loaf. 25 3 4c; Wisconsin firsts. 19c; Longhorns. 19c; New York limberger. 30. By United Press NEW YORK. March I.—Potatoes—Market. better demand: southern. $36 5.50 per barrel; Idaho. $2.255T5.50 per sack: Bermuda. S4(U9 per barrel; Maine, [email protected] per barrel; Canada. $1.356 2.40 per barrel. Sweet potatoes—Market, dull: Jersey baskets. [email protected]; southern baskets, 40@65c. Flour—Market, quiet; spring patents. $4 6064.70 per barrel. Pork—Market, firmer: mess, $16.50 per barrel. Lard Market, firmer: middle west spot. Ss.ls®> 5.25 per 100 lbs. Tallow—Market, steady: special to extra, 2 , 2(5'2 , 4C per lb. Dressed poultry—Market, steady: turkeys. 156>28c; chickens, 20629 c; fowls. 10624 c; broilers. 20®'27c; ducks. 12<ffT8c: Long Islands, ducks. 16®T8c: capons, 18632 c. Live poultry—Market, quiet: geese. 10615 c: ducks, 11619 c; fowls. 19621 c: turkeys. 15 630 c: roosters. 10c; chickens. 16624 c; broilers. 18628 c; capons. 17® 28c. Cheese —Market, outet: state whole milk, fancy to special. ll'2618c; young Americas, 12& 6131jC. B;/ United Press CHICAGO. March I.—Eggs—Market, unsettled: receipts. 9.260 cases: extra firsts. 12' a 6 12 3 4C: firsts. 12Hc: current receipts. 11 3 4C: seconds. 10610V3C. Butter —Market, unsettled: receipts. 10 873 tubs: extras. 21*<c: extra firsts. 20621 c: firsts. 20620V4C seconds. 19@19'/ a c: standards. 21 tic. Poultry—Market, steady: receipts, no cars. 3 due: fowls. 15’i617cl springers. 16®22c: Leghorns. 14'ic: ducks. 176 20c: geese. 10c: turkevs. 15 6 22c: roosters. 10c: broilers. 22 If24c. Cheese —Twins. llti <3Tl s/ 4c: voung Americas. 13612*be. Potatoes—On track. 299: arrivals. 120: shipments. 945: market, dull, slightlv weaker: Wisconsin Hound Whites. 75'f80c: Idaho Rus. ets. $1.3061.40: Michigan Russet rurals. 75680 c: Minnesota early Ohios. $161.05. By United Pr+ss CLEVELAND. March I.—Butter—Extras. 25'4c: standards. 25V*c: market, steady. Eggs—Extra firsts. 13* 2 c: current receipts. 12’ a c: market, steadv. Poultry—Heavy fowls. 15617 c: medium. 186 19c: Leghorn. 15616 c smooth springers. 186 19c: broilers 21 6 23c: heavy broilers. 22634 c: ducks. 206 22c: old cocks. 10@12c: cease. 14@16c: stags. 13614 c: turkevs. 25c: capons. 23c: market steady. Potatoes— Ohio and New York 406 50c per bushel sack: Maine Green Mt.. $1.1061 15 per 100-lb. sack: Idaho Russet. $1.7562.25 per 100-lb. sack. By United Press CINCINNATI. 0.. March I.—ButterPacking stock No. 1. 18c: No. 2. 12c: No. 3.8 c; butter fat. 16618 c. Eggs—Weak: cases Included: extra firsts. 12c: firsts, 11c: seconds. 9tjc: nearbv 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; l'i lbs. and over. 23c: 2 'bs. and over. 23c: frvers. 3 lbs. and over. 23c: partly feathered. 12c: Leghorn broilers. 1 lb. and over, 15c; l’y 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.. 18e: capons. 8 lbs. and over. 23c; under 8 lbs.. 19c: slips. 13c; guineas, 10c; turkey* No. 1 hens. 8 lbs. and over, 26c; young toms No. i. 10 lbs., 22c.

Safeway St .... 51% 51 51% 50% Std Brands 12% 12% 12% 12% Drags— Coty Inc 3% Drug Inc 52 51% 52 52 Lambert Cos 44% 45 Industrials— Am Radiator ... 7% 7% 7% 7% Bush Term 17% Certalnteed 3% Gen Asphalt 11% Otii Elev 16% 16% 16% 17V* Indus Cbems— Air Red 55 55 Allied Chem ... 76% 75% 75% 76V* Com Solv 8% 8% BV2 8% Dupont 54 Union Carb .... 32% 32 32 32 U S Ind Alco .. 27% 27% 27% 24% Retail Stores— Oimbet Bros .... .. ... 2% Kresge S S 16 is% Mont Ward 9% 9% Penny J C 31% 31 31V* 31% Sears Roe 33 32% 32% 33 Woolworth .... 42V* 42 42% 42 Amusements— Crosley Radio 3% Eastman Kod... 78% 78 78 78% Fox Film IA ) 3% 3% Grigsby Grunow 1% Loews Inc 31% 31 31 31 Vs Param Fam .... 10 9% 9% 9% Radio Corp .... 9% 8% 9 9 R K 0 5% Warner Bros 33% Miscellaneous— City Ice & Fu 27% Congoleum 10% 10% Proc & Gam 4040 Allis Chal 11 1134 Amer Can 66% 66 66% 66% J I Case 35% 34% 34% 35% Cont Can 38 37% 377* 38 Curtiss Wr 1% \y. Gillette 8 R.... 20% 19% 20 20 Gold Dust 17% 17% Int Harv 23% 23% Int Bus M 101% Un Aircraft 15 14% 15 15 $24,500 IN REALTY DEALS ANNOUNCED Sales, Exchanges Are Effected Through Hall-Hottel Firm. Consummation of real estate deals totaling about $24,500 has been announced by Hall-Hottel Company, Inc., 912 Fletcher American building. A six-acre tract on Pendleton pike east of Post road was purchased by Frank H. Bearswilt from R. E. Branham for about $6,000. Louis Volkert acquired a suburban home on Hanna avenue from Benjamin F. Mayer for about $3,000. Harvey E. Coons exchanged a modern bungalow at 942 North Dearborn street for a modem brick veneer house near Lawrence, on a five-acre tract. Raymond J. Myott purchased a frame residence at 817 North Gray street from Leslie Lamb. Births Girls Ta”oma fc 3nd Pernie Johnson. 329 North hospital Bnd Marßaret Clark - Methodist di h°olpit a i and Beatrice McNUI - Metho- - lle an< l Ruth Thomas, Methodist hos-pßv-n and Mary Walters. Methodist hosFrank and Anna Sipe. 525 Harris, ingston and and Mary Keith ’ 616 N °rth LivHo^mes rt Bnd Helen White ’ 1244 North ho?pUal 3nd Catherine Wise . Coleman Oliver and Laurayne Kensinger, Coleman hospital. Marcus and Bertha Harrell, Coleman hospital. Albert and Nora Moody, Coleman hospital. Clarence and Blanche Byrd, city hospita l. Harold and Dorothy Imel, city hospital. Albert and Jennie Cohen, city hospital. Mark and Gladys Cravens, city' hospital. Boys John and Geneva Miller, 1427 West Thirty-second. Harrison and Mary Woodsmall, Methouist hospital. Frederick and Ethel Waycott, Methodist hospital. Ernest and Geneva Brosher, Methodist hospital. Wilbur and Ruth Shannon, Methodist hospital. John and Matilda Hren, 753 North Haufch. Ralph and Beatrice Altmeyer, 420 North Tibbs. Estell and Maxine Simpson, Coleman hospital. Calvin and Thelma Mitchell, city hospital. Joseph and Nora Ulner, city hospital. George and Harriet Fairchild, city hospital. Walter and Mary Eichholtz, city hospital. Mitchell and Ethel Beatty, city hospital. Walter and Lillian Bebley. city hospital. Russell and Flossie Rochester.' 1722 South Keystone. Charles and Nellie Barber, 2126 Avondale. Earl and Geraldine Dortch, 1365 Nordyke. Walter and Dorothy Koehler, Christian hospital. Deaths Robert. McCoy, 36, 2343 North Capitol, lobar pneumonia. Emma A. Christian. 80, 218 East Pratt, chronic nephritis. Minnie McClure. 64, 816 East Thirteenth, cerebral hemorrhage. Julius William Stumps, 72, 3205 South Meridian, gastric ulcer. Mary E. Satterfield, 86, 230 East North, bronchial pneumonia. John R. Sullivan, 77, 2912 Shelby, bronchial pneumonia. Katherine Hennessy, 48, 524 South Alabama. cerebral apoplexy. George W. Hanchett. 78, Military park, acute cardiac dilatation. Jeanette Edwards, 38. city hospital, intestional obstruction. Mingle Marie Waltman, 30, Methodist hospital, lobar pneumonia. Mary McElheny. 95, 520 East Vermont, lobar pneumonia. Lulu Weathers. 54, 1526 North Chester, chronic myocarditis. O. D. Fry, 81. Christian hospital, acute utemia. Charles Roach, 27, city hospital, general peritonitis. Katie Wells. 70. 2438 East 'Washington, lobar pneumonia. Oscar B. Johnson, 73, 2631 Central, chronic myocarditis. Lovviccy Maudlin. 63, 2517 East Pratt, carcinoma.

Other Livestock By United l'res* CHICAGO. March I.—Hoes—Receipts. 21.000. including 4,000 direct; about steady; 170-210 lbs.. 54.25514.35; top. 54.40; 220-250 lbs.. $44; 4.25; 260-310 lbs., $3.85544; 140-160 lbs.. $4®4.15; few pigs, 308.50; packing sows. $3,405) 3.60; light lights, 140-160 lbs., good and choice. $4©4.30: lightweights, 160-200 lbs., good and choice, $4.10®4.40; medium weights, 20054250 lbs., good and choice. $4@>4.40: heavyweights. 250-350 lbs., food and choice. $3.8044.10; packing sows. 75-500 lbs., medium and good. [email protected]; slaughter pigs. 100-130 lbs., good and choice, 53®3.85. Cattle—Receipts, 6.000; calves, 2.000: fed steers and yearlings slow, about steady, undertone weak on inbetween grades; yearling heifers scarce, strong to 25c higher; other she stock active and firm: bulls steady; vealers 50c lower; early top weighty steers. $8.25; slaughter cattle and vealers: Steers, 600900 lbs., good and choice. $6.75(49; 9001.100 lbs., good and choice, $6.75®1): 1,1001,300 lbs., good and choice. $7.25(49.25: 1,300-1,500 lbs., good and choice, $7.25® 9.25; 600-1,300 lbs., common and medium. $3.75®7.25; heifers. 550-850 lbs., good and choice. 55.25®7; common and medium. 53.255t5.25: cows, good and choice. $3.25® 4.50; common and medium, [email protected]: low cutter and cutter cows. [email protected]; bulls, vearings excluded, good and choice beef. $2.75®3.40; cutter to medium. [email protected]; vealers. milk fed, good and choice, ss@ 6.50: medium. $3,504.5; cull and common, $2.50(48.50; Stocker and feeder cattle: Steers. 500-1.050 lbs., good and choice. 54.505t5.50; common and medium, $3.25® 4.50 Sheep—Receipts, 11.000; asking unevenly higher, bidding steady with Monday's strong close: good and choice lambs bid $6,254)6.65 bv packers: sorted kinds held around $7 and above; slaughter sheep and lambs: Lambs 90 lbs. down, good and choice. $646.85: medium, $5.50®6: 91-100 lbs., medium to choice. $5,254 6.75; all weights, cull and common. $1.5042.75; feeding lambs. 50-75 lbs- good and choice. [email protected]. By Times Special LOUISVILLE. March I.—Hogs—Receipts, 550; steady; 175-235 lbs.. $4.30; 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. 200; steady at Monday’s decline: medium and good slaughter steers and heifers. $4©5.75; slaughter cows and bulls, $3.25 down; light Stockers, mostly $345.25; calves* receipts. 300; 50c lower; top vealers. $5.50; throw-outs. $4 down. Sheep and lambs— Receipts. 50: steady: top lambs. $6.25; buck lambs. $5.25: throwouts, $3.50 down; fat ewes. 12.50 down. By United Press EAST BUFFALO. March I.—Hogs—On sale 1.600; vealers, slow: few sales, steady to slightly lower; bulk unsold; 160-210 lbs.. $4.60©4.75: 270-310 lbs., $4©4.25; pigs. $3.75. Cattle—Receipts. 50: cows, unchanged: cutter grades. $1.2542.25; medium heifers. $5.40; calves, receipts. 125; vealers. draggy; steady at recent decline: good to choice mostly $8.50; common and medium. $4.5046. Sheep—Receipts. 200; lambs, steady with Monday’s average; quality and sorts’considered good to near choice wooled limbs. 86.7506.85; mixed offerings straight, *6.5066.65, medium, $6.

THE INDIANAPOLIS TIMES

HOGS SELL OFF 10T015 CENTS AT STOCKYARDS Steer Trade Fu’ly Steady, Cows Weak; Sheep Unchanged* Flagging interest on the part of buyers was responsible for a drop of 10 to 15 cents in hog prices at the city yards this morning. The bulk, 130 to 325 pounds, sold for *3.75 to $4.25; early top holding at $4.25. Receipts were estimated at 6,500; holdovers were 49. Eariy trade in steers was fully steady in the cattle market. Heifers showed a lower tendency; cows were weak. Receipts numbered 1,400. Vealers were steady at $7 down. Calf receipts were 600. Not much change in local conditions held lambs to a steady range. Asking was up to $7 for best fed westerns. Receipts were 3,000. At Chicago hogs opened about steady with Monday’s average; good to choice 170 to 210-pound weights selling at $4.25 to $4.30; best held upward to $4.40 or above. Receipts were 21,000, including 3,000 direct. Holdovers were 5,000. Cattle receipts were 6,000; calves 2,000; market strong. Sheep 11,000, steady to 25 cents up. HOGS Feb. Bulk. Earlv Top. Receipts. 23. $3.85® 4.35 $4.35 5,000 24. 3.750?) 4.25 4.25 5,500 25. 3.750?' 4.15 4.15 5.000 26. 3.750 4.25 4.25 3,500 27. 3.85® 4.35 4.35 2.000 29. 4.00® 4.35 4.35 5.000 March 1. 3.75® 4.25 4.25 6,500 Receipts, 6,500; market, lower. (140-160) Good and choice ..$ 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 good.. 4.00® 4.05 —Heavy Weights—-(29o-350) Good and choice.... 3.80® 4.00 —Packing Sows—-(2so-500) Medium and good .. 3.00® 3.50 (100-130) Slaughter nigs 3.65® 3.75 CATTLE Receipts. 1,400: market, steady. Good and choice $ 6.00® 8.50 Common and medium 3.25® 6.00 (1.100-1,800) Good and choice 6.00® 6.00 Common and medium 4.25® 6.00 —Heifers— Good and choice 5.00® 7.00 Common and medium 2.50® 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, steady. Good and choice $ 6.50® 7.00 Medium 4.50@ 6.50 Cull and common 3.00® 4.50 —Calves — Good and choice 3.50® 6.00 Common and medium 2.00@ 3.50 —Stockers and, Feeder Steers— Good and choice 4.00® 5-15 Common and medium 3.00® 4.00 (600-1.500) , Good and choice 4-00® Common and medium 3.00® 4.00 SHEEP AND LAMBS Receipts. 3,000; market, steady. Good and choice * 600® 2nn Common and medium 3.50® 6.00 Ewes, medium and choice 1-75® ?-29 Cull and common .75® Other Livestock By United Press CINCINNATI, March 1. —Hogs—Receipts, 3,900 including 750 disect, heldover 170; active, mostly steady; spots strong; better grade 160 to 250 lb. averages, $4.25 @4.50; mostly $4.50 on 225 lbs. down; two loads choice uniform 180 to 190 lb. averages, [email protected]; 250-300 lbs., [email protected]; 120-150 lbs., $3.85®4; mostly; bulk sows, $3; a few light weights, $3.25. CattleReceipts, 600; calves, 800; moderately active, about steady; supply light; odd lots common and medium steers and heifers $4 ®5.25; a few more desirable kinds upward to [email protected]; beef cows. [email protected]; bulk low cutters and cutters $1.7502.75; practical top bulls $3.25; vealers weak to 50c lower; food and choice [email protected]; lower grade 6.50 down. Sheep—Receipts, 350: not enough on sale to make a market; all classes qoutable steady; better grade wooled lambs mostly [email protected]; common and medium, [email protected]; sheep, $2.50 down. By United Press EAST ST. LOUIS. March I.—Hogs—Receipts. 13,000: market, steady to 25c lower; top. $4.20; most 160-230 lbs., $4.10®4.15; 230-270 lbs.. $404.10; 270-310 lbs.. $3.90® 4; pigs, $3.2503.75; sows. $3.25®>3.35. Cattle—Receipts. 3,000; calves, receipts, 1,5C0; market, moderately active; vealers. 50c , lower: other classes unevenly steady to strong; a few early sales medium fleshed steers. $4.7505.75: mixed yearlings and heifers, $4®5.50; cows, $2.50®3; low cutters, $1.2501.75; top medium bulls, $3; good and choice vealers. $7. Sheep—Receipts. 2,000; market, few choice lambs to city butchers, steady at $6.75; asking steady for others; packers talking lower. By United Press LAFAYETTE. Ind., March I.—Hogs Market, s@loc lower; 160-200 lbs., $4.05; 200-225 lbsi, $4; 225-250 lbs.. $3.90; 250-275 lbs., $3.85; 300-325 lbs.. $3.65; 150-160 lbs., $3.75; 130-150 lbs., $3.50; 100-130 lbs.. $3.25. Roughs, $3 down; top calves, $6; top lambs, $6.

Disaster Comes in Wake of Short Selling , Barnes Claims

This is the second of a series on short selling by one of the nation's best authorities. 1 • BY HARRY ELMER BARNES,Ph.D. TN the preceding article, I contrasted the popular belief and the hard realities with respect to the literal nature of short selling. I made it clear that short selling does not in any sense mean the free and unrestricted sale of securities actually owned by an individual. It is legalized gambling on the prospect of a fall in the market price of a given security not owned by the short seller. Being a libertarian, I have no objection to gambling, provided the victim knows he is facing a gambling proposition rather than a charitable enterprise. I would have n objection to short selling if it concerned only the individual taking a chance on price fluctuations. Unfortunately, such is not the case. Short selling brings in its wake a number of disastrous and j reprehensible results. In the first place, the ‘bears,” who control and ! dominate short selling, ardently ! wish to depress the price of the se- ! curities in which they are gambling, j Otherwise, they make nothing and ( may lose heavily. Therefore, they leave no stone unI turned to hammer the price of such i securities down as far as possible, , with no particular relation to any 1 real change in the intrinsic value of ■ the securities in question. | The most usual method is to start Ia wave of hysterical selling through offering for sale a large block of the particular securities. This alarms many legitimate owners, who order i their brokers to unload. This process may go on for some time. Legitimate owners who do not sell in fear retain securities which have fallen off gravely in their market value.

BELIEVE IT or NOT

feljilu CORNHU6KS I F °MoVfts. MAtfc a MILLION DOLLAR^ TrV\ etc*. J By HOLDIMG STiLL JWf ■ 1 "" - 1 ' -"ii ■■ i.-. ■! ■■■ ® 1831, King features Syndicate. Inr. r

Bright Spots of Business

BY United Press DENVER. March 1, —The Southern Pacific railroad has announced a $620,000 order for Colorado Fuel and Iron Company steel rails. The order will mean increased activity at the Pueblo plant. GARY. Ind.—A net sales increase of 112 per cent over the corresponding period last year was reported for the first two months of 1932 by the Gary-Ander-son Company today. The company manufactures automobiles accessories. NEW YORK—The country man look forward confidently to gradual improvement in business during 1932. Henry H. Heimann. manager of the National Association of Credit Men. said. Chicago—Telephone Bond and Share Company declared an etxra dividend of 50 cents a share and the regular Quarterly dividend of $1 a share on the participating preferred stocks. MANCHESTER, N. H.—About 12.000 workers are now employed in the New Hampshire shoe industry, against 4,000 in December, it was reported; International Shoe Company factory, which has been closed for some time, will reopen April 1,. reports said. SOUTH BEND—A 68 per cent increase in sales of Studebaker passenger cars and trucks during February over January was announced by A. R. Erskine, president of the Studebaker Corporation. LINCOLNTON, N. C. —Boger-Crawford Spinning Mills, the largest in Lincoln county, have started full time operations with a day and night shift, R. G. Boger, president of the company, announced. SALISBURY. N. C.—Rowan cotton mills have received sufficient orders to maintain capacity operations for fourteen weeks, it was said. RICHMOND, Va.—Virginia Iron. Coal and Coke Company reported for 1931 net profit of $105,948, compared with a net loss of $34,625 in 1930. NEW YORK—Coca-Cola Company declared the usual extra dividend of 25 cents a share and the regularly quarterly dividend of $1.75 a share on the common stock. RAW SUGAR PRICES —Feb. 29 January 1.13 l.io 1.13 March 85 .85 .85 May 94 .88 .93 July 99 .95 .99 September 1.06 1.02 1.06 December 1.11 1.07 1.11

Short Seliing—No. 2

BVIOUSLY, all this is grossly unfair to the legitimate owners, whether they have sold their stock in a feeling of panic or have held on to their depreciated securities. Ironically and outrageously enough, it is the very stock of the injured legitimate owner which has been loaned by the brokers to the “bears” and used to the gross detriment of the owners in short selling. It has been proposed that all stock owners first must consent to loaning their stock for short selling. It is obvious that they never would do this suicidal thing if they actually knew the nature and consequences of such act. * Not only is this bearish short selling ruinous to the legitimate owners of the securities thus artificially and unfairly depressed. It is bad for the psychology of the country. It is difficult to exaggerate the degree to which the pessimistic and fatalistic psychology of the country today has been due to the shrinkage of stock values. Not all this shrinkage has been caused by the short selling “bears.” But much of the decline in the market price of securities in the last year and a half certainly has been due to the “bears” and their short i selling devices. The discouraged J and apathetic psychology of ;he! country is an important obstacle to any recovery of prosperity. 0 tt a FURTHER, short selling provides an instrument for atrocious injustice to owners or part owners ‘margin buyers) of securities These bearish methods force security owners to liquidate their holdings. The latter thereby are squeezed out of their savings and frequently ruined. But the “bears” have made money thereby. After the securities have been forced to an absurdly low level, as in the case of some gilt-edge public utility securities in the last

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

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Monday’s Times: The Pole Graveyard— ln order to test the efficiency of preservatives on the buried ends of telephone poles in erection, a telephone pole cemetery is maintained on a hill near Limon, Colo. Hundreds of poles, treated with a wide range of preservatives, are buried, and over their resting place are markers indicating the date on which the “remains” are to be exhumed. This experimental cemetery ranks with the bizarre cemetery for ships which I have featured previously. The Window Cow —Penn State Jessie, the cow with a window, was provided with an opening in her side which gave her no trouble and through which samples of the contents of her stomach could be removed with a small dipper for experimental purposes at the Penn State college. A rubber pad was used to close the window after samples were taken. The experiments led to an important discovery in the domain of nutrition. Tomorrow: The Oldest Living Thing on Earth.

Local Wagon Wheat

City grain elevators are paying 45c for No. 2 red wheat and 45c for No. 2 hard wheat. New York Liberty Bonds —Feb. 29Liberty 3%s 47 98.8 Liberty Ist 4%s 47 100.00 Liberty 4th 4%s 38 100.8 Treasury 4%s 52 103.2 Treasury 4s 54 ioo. Treasury 3s 55 89.17 Treasury 3%s 56 97.4 Treasury 3%s 47 94.8 Treasury 3%s 43 March 94.28 Treasury 3%s 43 June 95.00 Treasury 3%s 49 90.31 NEW YORK COFFEE RANGE —Feb. 29High. Low. Close. May 6.36 6.34 6.34 July 6.35 6.31 6.32 September 6.40 6.36 6.36 December 6.40 6.38 6.38

two years, big interests can buy them back for a song and make a handsome profit out of the rise in market prices. When bearish efforts have worked their worst effects, and the market has been sent down to the lowest possible levels, the big ‘ bears” usually go “bullish” and pick up another vast profit on the rise of security prices. Many -oor devils who originally owned the stock have in the meantime been forced to sell their securities. They then can watch the big boys cash in on the rise, from participation in which they have been excluded through the ruinous operations of the bears. #OO THEREFORE, legitimate owners who behold with dismay their depreciated securities, the even less fortunate who have been compelled to liquidate and sell, and the country as a whole, suffer bitterly. They do so that powerful and irresponsible financial groups may build up private fortunes through institutionalized gambling. Such men veritably do “sell America short.” Mr. Whitney and his associates have prepared statistics to show that there has been relatively little organized short selling. Hence, it could not have accomplished the great evils alleged by critics. If this is true, it is also obvious that it could not have accomplished the great good claimed by Whitney. If short selling has been negligible in quantity, then it must have been as impotent for good as for evil. Further, one might ask why Whitney would wish to resign if short selling is abolished by law. Whyquit over the abolition of something which scarcely exists anyway? Whitney must revise his statistics or his arguments. Next —Dr. Barnes will answer the supporters of shot selling and suggest a solution.

l-v er Registered O. •. LI M Patent Office RIPLEY

The City in Brief

WEDNESDAY EVENTS Kiwanis Club luncheon. Clavpool. Bond Holders’ Protective Association luncheon. Columbia Club. Wednesday Club luncheon, Columbia Club. Lions Club luncheon. Washington. Purdue Alumni Association luncheon. Severin. Illini Club luncheon. Board of Trade. American Legion. Twelfth district, luncheon. Board of Trade. Mutual Insurance Association luncheon. Columbia Club. Home Show Committee luncheon, Washington. League for Hard of Hearing, meeting. 7:30, Stokes building. League for Industrial Democracy, meeting. 8 Roberts Park M. E. church. Altrusa Club directors dinner. 6:30. Columbia Club. Apartment House Owners’ Association luncheon. Washington. Wheeler Mission luncheon. Washington. Details of the method by which aid is dispensed to the needy was discussed today by David C. Liggett, executive secretary of the Indianapolis Community Fund, at the Universal Club luncheon held in the Columbia Club. Dr. I. J. Cahill, vice-president of of the United Christian Missionary society, will speak at a meeting at 7:30 Wednesday at the Centenary Christian church, the Rev. R. T. Gwyn, pastor, announced today. “The Hoosier Four,” comedy quartet, will appear at a series of events during April, including meetings of Parent-Teacher Associations and American Legion posts, it was announced today. Growers of state-wide reputation will be in charge of a meeting of the Dahlia Society of Indiana at 2:30 Sunday afternoon at the Meridian Flower Shop, Twenty-second and Meridian streets, Ralph C. Swartz, secretary, said today. A radio set valued at $l7O was stolen from the home of Mrs. Mary Wilson, 434 South Rural street, her neighbor, Mrs. Helen Sudderth, 438 same street, reported to police today. Mrs. Wilson is visiting in Cleveland, O.

Speaker for the March meeting of the Indianapolis Bar Association to be held Wednesday night at the Indianapolis Athletic Club will be Attorney Henry M. Dowling. Criminal Judge Frank P. Baker will speak at a meeting of the Indianapolis Kiwanis Club Wednesday noon in the Claypool. Baker will speak on “Impressions Obtained From the Criminal Court Bench.” Three Shortridge high school students, Winifred Andrews, Dorothy Jean Bond and Annamae Fee, will give a program of readings at che meeting of the League for the Hard of Hearing at 224 North Meridian street, tonight. Schedule of spring races will be arranged at a meeting of the Monumental Racing Pigeon Club, which will be held Wednesday at 2206 East Tenth street. Birthday of Robert Emmet, noted Irish patriot, will be celebrated by the Emmet Club at a -dinner Thursday night at the Columbia club. Past presidents will be guests of honor. Members of the committee in charge are J. J. Liddy, W. H. Foley, T. J. McCarthy, P. J. Hannon and T. A. Foran. Walter C. Rothermel was named temporary president of the Park Crest Civic Club at an organization meeting Monday night in the Garfield park community house. Other temporary officers are Andrew Alexander, vice-president, and Mrs. Mabel Brandes, secretary-treasurer. Miss Eleanor G. Colt, educational secretary of the Affiliated Summer Schools Association, explained the operation of summer schools for women in industry at a luncheon sponsored by the Indianapolis committee for education and promotion of scholarships at the Y. W. C. A. Monday night. Lloyd D. Claycombe, legislator and former Marion county attorney, spoke before the Warren Township Republican Club Monday night at a meeting at the home of Scott Gehring 8500 East Washington street. His subject was “Accomplishments of President Hoover nd Why He Should Be Re-Elected.” r

PAGE 9

CASH OPTIONS MOVE DOWN IN GRAINFUTURES Heavy Deliveries Offset ' Steady Trend in Securities. BY HAROLD E. RAINVILLE United Press Staff Corresoondent CHICAGO, March I.—Prices receded a minor fraction in all pits as the Board of Trade opened today. ’Moderately heavy deliveries here and abroad and the easiness at Liverpool gave wheat its setback, despite steadiness in stocks. There was some liquidation in March in all grains. Corn was easy in a quiet trade with March the weakest, although deliveries were not excessive early. Oats was nearly steady. Liverpool Sells Down At the opening wheat was % to 3 s cent lower; com was % to % cent lower, and oats was unchanged to % cent lower. Provisions were off a few points. Liverpool opened lower as expected and held around % to r , cent down most of the session. The private estimates on farm reserves will be given to the trade late this morning and are expected to be -he chief influence. The total is expected to be well above the 160,000,000 bushels of last year. The weather turned colder in the northern part of the belt last night. Expect Com Increase A large increase in corn stocks on farms is looked for. Last year there was 709,000 bushels, but the report today is expected to reveal well in excess of a billion. The weather became generally unsettled over night with rain, snow and sleet over lowa. Progress in seeding the new crop of oats likely will be halted by the unfavorable change in weather. Farm reserves this year are expected to be much below the 464,000,000 bushels of a year ago. Chicago Grain Range ... —March 1— W HEAT— Prcv . High. Low. 11:00. close] March 56% .56% .56% .57 May 61 .60% .60% .61 JulY 63% .62% .62% .62'ScPt 64% 64 .64 .64% CORN— March 35 .34% .35 .35% May .39% .39 39% 39% July 41% ,4i% ,4ia* ; 42 Sept 43% .42% .43% .43% OATS— March ... ,2is„ 21^ 4 May 24% .24% .243, ; 24 ; Sept . # , ~ .251* RYE— May 46% .46% Sept .. .. .50% LARD— March 4.87 4.85 4.85 4.92 Mav 5.07 5.10 July 5.22 5.25 Sept 5,40 5.42 B]/ Times Special CHICAGO. March I.—Carlots: Whaf 95; corn, 306; oats, 33; rye, 1, and barley. 12. By Times Special „,f HICAGO > Feb - 29.—Primary receipts: Wheat 1,401,000. against 2,234.000: corn 1.092,000 against 1,377,000; oats 311.000 against 409,000. Shipments: Wheat 409.000. against 580.000; corn. 86,000, against 688,000; oats 93 000, against 398,000. BV United Press CHICAGO, Feb. 29.—Cash grain close; Wheat—No 2 red. 58%@58%c; No. 3 red, 57%@58%c; No. 4 red, 57%; No. 2 hard. 58%@59c; No. 3 hard. 57%@58%c; No. 2 yellow hard, 57 3 /*@sß'/ 2 c; No. 2 northern. 61%@64%c; No. 2 mixed, 58@59c. Corn— No 3 mixed. 31®32%c; No. 4 mixed, 31%® 31%c: N °- 2 yellow. 35%; No. 3 yellow. 30%@33c; No. 4 yellow. 31®32c; No. 5 vellow, 31c: No. 2 white. 35%c; No. 3 white, 32%@33%c; No. 4 white, 31%@32c. Oats—No. 2 white, 23%®24%c; No. 3 white. 21% @22'4c. Rye—No sales. Barlev—42@s9c. Timothy—s3.ls @3.40. Clover —93@14. By United Press TOLEDO. 0.. Feb. 29.—Cash grain close; grain in elevators, transit billing: Wheal, —N°. 2 red. 60%@81%c. Corn—No. 2 yeow. 36%@37%c. Oats—No. 2 white. 26 -0 27%c Rye—No. 2. 46®47c. Track prices—23', 2 c. rate. Wheat—No. 3 red. 55%@56c: No. 1 red. lc. premium; No. 3 red. %@3c discount; No. 4 red. 3®sc iiscount. Corn—No. 2 yellow. 32®32%c: No. 3 yellow. 30@31c: No. 4 yellow. 27® 29c. Oats—No. 2 white. 23%®24%c: No. 3 white. 22@23%c. Clover—Prime. *8.75; Feb $8.75; March. $3.75. Alsike—Cash, $8.75; Feb.. $8.75; March. $8.75. Butter— Fancy, creamery. 23@26c. Eggs—Extras, 12@12%c. Hay—Timothy per cwt., 80c.

Cash Grain

—Feb. 29 heb i2 s car lots of grain at the call of the Indianapolis Board of Trade L o. b.. shipping point, basis 41>/ 2 c New York rate, were: Wheat—Easy; No. 1 red, 48649 c; No 2 red. 47648 c; No. 2 hard. 47648 c Com—Firm; No. 3 white. 256 26c: No. 4 white 24@25c; No. 3 yellow, 22 , / 2^23 l ic; No-. 4 yellow. 21 Vi622Vic: No. 3 mixed, 21' 2 622V 2 c: No. 4 mixed. 201*621'4c. Oats—Easy; No. 2 white, 18’/ 2 @l9'/ 2 c: No. 3 white. 17'/2 618 , / 2 c. Hay—Steady (f. o. b. country points taking 23'/ 2 c or less to Cincinnati or Louisvillei; No. 1 timothy. [email protected]' No. 2 timothy, $666.50. . —lnspections Wheat—No. 2 red. 16 cars; No. 3 red, 15 cars. Total. 21 cars. . Coj.n (new)—No. 3 white. 14 cars; No. 4 white. 2 cars; No. 2 yellow. 2 cars: No 3 yellow. 42 cars: No. 4 yellow. 3 cars; No- J mixed. 6 cars; No. 4 mixed. 1 car. Total. 70 cars. Oats—No. 2 white. II cars; No. 3 white. 19,.£?l 9 ,.£?! rS: w No -.> 4 2' hl , te - 1 car: No - 3 mixed. 1 car. No. 3 red. 1 car. Total, 33 cars.

In the Cotton Markets

„'Bv Thomson & McKinnon) NEW YORK, Feb. 29.—Cotton has averaged a trifle easier due to coop and southern selling with demand rather light. Cables were lower but Manchester advices were quite optimistic as to present trade and prospects. India has become their best customer. The trade continues to buy New York futures on any setback. —Feb. 29 CHICAGO March High - L ° W - % g= tobe r 7.50 7.41 7.41 December 7.65 7.60 7.60 NEW YORK Jl U ,“ ry 7 H 6s h ' 7°57' L 7.57 w a £ ch 697 685 6.36 October 7.43 7i34 735 December 7.59 7.51 7Si NEW ORLEANS January 7.56 7.55 7.55 ‘M?I ch 6.gg 6.83 6.83 “-y 7.06 6.98 6 93 °2 tobe r 7.40 7.31 7^32 December 7.56 749 749

James T.Hamill & Company Private Wires to All Leading Market* Indiana poll* MF.MHRKS Chicago Mock Exchange Chicago Hoard of Trade Indianapolis Hoard of Trade Associated New York Curb 203 Continental Bank Bldg. Tel.. Riley M 93 Klley 81*4