Indianapolis Times, Volume 43, Number 260, Indianapolis, Marion County, 9 March 1932 — Page 11
MARCH 9, 1032
, STOCKS MOVE ‘ LOWER AFTER EARLHALLY Dealings Light as Interest Lags in List; Steel Weakens.
Average Stock Prices
Ave „ r *f* of thirty Industrial* for Tuesday 88 78, up 1.62. Average of twenty rail. M.M up 49. Average of twenty utilities 35.92, up .87. Average of forty bonds 81.65, up .25. BV ELMER C. WALZER I'nited Press Financial Editor NEW YORK, March 9.—Stocks gradually slipped below previous dosing levels during the morning trading on the Stock Exchange today. Transactions were light and interest lagged In the market. At the opening and for a time in the early dealings, prices firmed 'up from the previous close. United States Steel was carried to 50%, up 1 : point from the previous close. Around noon it was down to 49V*. off % net American Can, American Telephone and Westinghouse dipped a point or so from their highs to small losses.* Rails Hold Steady Railroad shares held barely steady, bring influenced by a drop in car * loadings to the lowest levels of the year and January income representing a return on property investment of only eight-tenths of 1 per cent. Oils held small gains after an rarly rise. Standard Oil of New Jersey reached anew high for the fear at 31 ’-z, up %, and held most of the gain. Gold mining shares end smelting company stocks held jnodcrate gains. Utilities were unsettled by a wide open break to new Sows in America and Foreign Power Issues. United States goverment bonds tose to new high ground on the ond market. Traction issues experienced further demand with several at new 1932 highs. High-grade railroad and industrial issues moved forward. .Tap Bonds Hold Even The spectacular advance in the ' pound sterling subsided today and the price slipped back fractionally (from the previous close after an rarly gain. The Japanese yen declined to a pew low on the movement. Japanese bonds held about steady, while silk futures were dull and ’ down slightly to equal their lows lor all time, made Tuesday. Wheat was mixed in a narrow range, while corn and rye made small gains. Cotton futures eased off a few points.
Bank Clearings
INDIANAPOLIS STATEMENT —March 9 Clearings $1 ,597.0n0.00 debits 4,290,000.00 ' TREASURY STATEMENT —Mnrch 9 Net balance lor March 7 8317,288,952,21 Expenditures 18,364.888.17 Customs rccts month to date 5,601,038.07
Investment Trust Shares
(Bv Gibson At Bernard* TRICES ARE TO 12 NOON C. S. T. —March 9 Bid. Ask. Am Founders Coro com ’ 1 Am A- Gen Sec A Vj 10'/* Am Inv Tr shares 2’s ... Basic Industry shares ... Collateral Trustee shares A.... 4 : ' 4’n , cumulative Trust shares 4'b Tliverslfied Trustee shares A... B'n ... .Fixed Trust Oil shares 2H ... .Fixed Trust shares A .. 7_'., . . Fundamental Trust shares A.. 3 7 4;‘s Fundamental Trust shares B. . 4 4’j Leaders of Industry A 3J ... low Priced shares 3V> 4’ Nation Wide Securities 3‘* Fnlected American shares 2’ 3 Selected Cumulative shares .. 6’ 2 7 Feleeted Income shares 3 a 4 a Fhawmut Bank Inv Trust .•• 2 > 3 j Fid Am Trust shares ....... 2,;s J, Funer Corn of Am Trust shares 3>'a 3 7 , Trustee Std Oil A 3’, ... T rustee Rtd Oil B 2 * unified Service Trust shares A 2ta ... 1! S Flee Tight. A- Power A.. 17\ 10^; Universal Trust shares OWEN NESBITT FREED ON WEAPON CHARGE {Satisfactorily Explains Attempting to Pawn Revolver. A straight forward story and a previous good record were helpful to Owen Nesbitt. 24. Hammond, son of the Rev. B. R. Nesbitt. 3135 Northwestern avenue, who was freed today by Municipal Judge William H. ShcafTcr on a charge of carrying concealed weapons. Young Nesbitt is said to be a Dc Pauw university student. Arrest was made Tuesday by Detective Emmett Englebright following a report from an East Washington street pawnshop that Nesbitt had attempted to obtain money on a .32-caliber automatic pistol. In court, Nesbitt explained he , bought the weapon last summer while in Indiana Harbor after a used car establishment in which he was interested had been robbed and an attempt made to burn it. He said he needed money to obtain gasoline for a motorcycle and, for that reason, wished to pawn the pistol. His father told SheafTer his son , never had been in trouble before. MOOSE PLAN PARTY Card Fetes to Be Given Thursday Afternoon, Night. Indianapolis chapter, Women of the Moose, will hold a benefit card party, featuring bunco, euchre and bridge, Thursday. The party will be staged in the afternoon and night. Proceeds from the afternoon party will go to social service work. 4 The chapter's special benefit fund will get the proceeds of the night party. Mrs. Ella Vice is in charge of the afternoon party. And Mrs. William Hoover in charge of the second. Reformed Criminal to Speak "Crime From the Viewpoint of * the Criminal." will be the topic of an address by R. W. (Razor) Fenton, reformed pickpocket, at a * luncheon of the Caravan Club Thursday at the Murat temple.
Specialists la Unlisted Securities Edw. W. Zaiser Securities Corporation 414 ronflnrntni Hank Bid*. Riley 4043
New York Stocks 'Bv Thomson Ac McKinnon) ————
—Mtrch 8— Prey. Rallrosd*— High Low 11 Ml. clow. Atchison *7*4 87', 87*4 ... Atl Cosst. Line.. 30% JO 30 30*4 Balt k Ohio 19*4 19V. 19% 19 Chess A- 0hi0... 24S J 4 24% 23% Chess Corp .... 18% 18>4 18% 18 Can Par 19', 18*4 18% 18% Chi N West 9% ... 9% 9% C. R I It P 12% 12 i Del L k W 21% I Del k Hudson 82% Erie 9*4 Erie Ist pfd 11 10% 11 10’4 Grest Northern 20V, Illinois Central.. 15% 15% 15% 14% Lou k Nash 24 M. K Ac T ..... 6% *% 6% 6*. Mo Pacific 9% B*4 9 9 Mo Pacific pfd .20% 20 20% 19% N Y Central 32% NY NH Ac H.... 26*4 26% 26% 25% Nor Pacific .... 21% 21% 21% 20% Norfolk Ac West. /. ... ... 126% Pere Mara 10% Pennsylvania ... 19*4 19% 1914 19% Reading 30% Seaboard Air L % So Pacific 28% 28 28% 28% Southern Ry 10% 10% St Paul 2% 2% St Paul pfd 4% 4 St L Ac S F .... ~ ... ... 4% Texas Ac Pac 20*% Union Pacific... 87% 85% 86% 85% Wabash 2% ... Equipments— Am Car Ac Fdv 8% Am Locomotive 7% 7*4 7% 7% Am Steel Fd 7% 7% Am Air Brake Sh. . ... 13% 13% Gen Am Tank.. 35% 35% 35V, 35% General Eiec... 22% 21% 21*4 22 Gen Ry Signal 27% 27% Lima Loco 12% N Y Air Brake ) 7% Press Stl Car ... 2*4 Pullman 22% 92% 22% 22*4 Westlngh Ar B 15% Westingh Elec. 31*4 21 Vi 21'% 31% Rubbers— Firestone 15 15 Fisk */s % Goodrich 4% 4% 4% 4% Goodyear 18% 18*4 18*4 ... Kelly Sprgfld .. 2% 2% 2% 2% U S Rubber 5 5 Motors— Auburn 93% 91% 93*4 92 Chrysler 12*4 125, 12% 12*4 General Motors 21% 21% 21% 21% Graham Paige 3 3 Hudson f’, #% Hupp 3% 3% Mack 17 Vs 17% 17% 17% Nash 17% Packard 4 3% Peerless ... ~ 3% Reo 2% 2% Studebaker 10*4 10% 10*4 10% Yellow Truck 3% Motor Access— Bendix Aviation 14 13*4 14 13% Borg Warner 12*4 12V, Beiges 11% 11 Vs 11 Vs 11% Budd Wheel ... 3% El Auto Lite.... 32*a 32 32 32% El Storage B 32*2 Houda 3% Motor Wheel ... ... 5*4 Murray Body ... 8% 8% 8% BV, Stewart Warner 5*4 Timkin Roll ... 20% 20 20 20% Mining— Am Metala 5% Am Smelt 16*4 16% 16*4 16% Anaconda Cop... 10% 10*4 10% 10% Alaska Jun 14% 13% 14*4 13% Cal k Hecla 3*4 Cerro de Pasco. 13% 13% 13'/$ 13 Dome Mines ... 11*4 10% 11 10% Freeport Texas.. 19% 19 19 19% Great Nor Ore 13 13 Howe Sound .... 13 12% 13 12% Int Nickel 9 3% Inspiration 3% Isl Crk Coal 15% Kennecott Con.. 10% 10% 10% 10% Miami Copper 3% Nev Cons 4% 4Vi 4Vi 4Vi Noranda 15% Texas Gul Sul 25% U S Smelt 18% O ila— Amerada ... 14*4 14*4 Am Republic ... . 2% Atl Refining 12*, 12%. 12% 12Vi Barnsdall 5% s'/* 5% 5% Houston ... 5 4*4 Mex Sbd 9% 9% 9% . 9% Mid Conti 8% 6% 6*4 6% Ohio Oil 7% 7% 7*4 6% Phillips 6 Vi 6*4 8% 6%> Prarie Pipe 9*4 9% Pr Oil Ac Gas 6% 6*4 Pure Oil 5 5 Roval Dutch 21V2 Shell Un 4'/s 4 4 4 Simms Pt 5% 5% 5% 6 Sinclair 7*4 6*4 6% 7 Skcllv 4% 4*4 4*4 4% Standard of Cal 27*4 26’, 27% 27Va Standard of N J 31% 31% 31% Sl*4 Soc Vac 10% 10*4 10% 10% Texas Cos 13% 13 13% 13>4 Union Oil 13% 13*4 13% 13*4 Steels — Am Roll Mills... 12% 11*4 12 12*/ Bethlehem 23*, 23 23 23 Byers A M 18% 18 18 18 4 Cru Steel 19 18% Inland ... ... 23% Ludlum ... ... 4Vi McKeesport Tin 58* 58 58 58 Midland 8% Rcpub I Ac S ... 5% 5% U S Steel 50% 49% 49% 49% Vanadium 18% 18% IS'* 18 Youngst SAcW.. ... ... 9 Youngst S Ac T. .. ... 15 15% Tobaccos— Am Sumatra 4% Am Tob (A! new 86% 86 Am Tob iB) new 89% 88% 89% 89% Con Cigars 21 % 21% Lig Ac Myers 8.. 61% 61*4 61% 61% Lorillard 16% 16% 16% 16% Reynolds Tob 40 39% Tob Pr (At 7 7% Tob Pr <B) ... 6*/a 6*/a United Cig ... ... 1 Utilities— Abitibl 2*4 2% Adams Exp .... s*, 5*4 5% 5% Am For Pwr ... 7% 6% 6*2 7Vi Am Pwr Ac Li . . 16% 16% 16% 16 A T Ac T 134' , 133*4 13% 133% Col Gas Ac E 1... 16*4 15% 16 16 Com Ac Sou .... 4*4 4 4 4 Cons Gas 68% 67% 67*, 68 El Pwr Ac Li 15 Gen Gas A 2% 2 2 2 Inti T A: T . ... 10% 10% 10*4 9% Lou Gas Ac'El 23% Natl Pwr k LI.. 16 15% 16 16*4 No Amer Cos . . 39% 39% 39% 39*, Pac Gas Ac El 35% Pub Ser N J 59% 58% So Cal Edison .. 32*4 32% 32% 32% Std G Ac El 34 33% 33% 34% United Corp ... 10% 10 10 10 Un Gas Imp 21% 21% 21% 21% Ut Pwr Ac L A.. 6% 6% 6% 6% West Union .... 45", 45 45% 45 Shipping— Am Inti Corp .. 8 7% 8 7% N Y Ship ... 4% 4% United Fruit ... 30% 30 30% 29% Foods— Am Sug ... ... 25 Armour A % 1% Beechnut PkR 43 Cal PkR 10’4 10*4 Can Dry 12% 12% 12% 13 Coca Cola 119% 119 119 119% Cont Baking A 6% Corn Prod 47 46*/* 46% 46% Crm Wheat 23 Cudahy Pkg 33 Cuban Am Sug 1% Gen Foods 40% 39** 40 39% Grand Union 9*4 Hcrshev 83 82% Jewel Tea ... ... 34% Kroger 18% 18% 18% 18% Nat Biscuit ... ... .1 46
New York Curb Prices
(By Thompson & McKinnon) —March 9 „ 11:00, 11:00 Alum Cos of Am 50 Insull Ut 1% Am Cvailamid.. 5 Imp Oil of Can 9** Am Gas As Elec 35% Int Pete 10% Am Sup Pwr... 4 Midwest Util .. 2% Ass Gas & Elec 3%(M0 Kan Pipe... % Braz Pwr kLt 13 Nat Aviation .. 3% Can Marc l%|Nia Hud Pwr .. 6% Cities Service.. 6%lPenroad 3 Com Edison .. 95% St Regis Paper. 4% Cord 4’siSel Indus 1% Elec Bond Ai Sh 9%iStd of Ind 17% Ford of Eng.. . s%lun Gas (A) ... 2% Goldman Sachs 3 (Un Lt k Pwr. 6% Dull Oil 31 %,Un Verde 3% Hudson Bay . . 2%IUt k Indus ... 1% Humble Oil . .. 49 Un Fndrs 1% Hvdro Elec .... 11 %:
Net Changes
By United Press NEW YORK. March 8. —Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Allied Chemical 86% *l% °®. - American Can 73 1% .. American Smelting 16% 1% ... American Telephone 133% 2% ... Auburn 92 2 Bethlehem Steel 23 % Case 38% \ ... Consolidated Oas 68 * 1% ... Du Pont 57% *4 ... Electric Power 14’* % ... General Electric 22 *. General Motors 21% % ... International Telephone 9% % Kennecott . 10% % ... Loe's Inc 32% % Montgomery Ward 10% % ... N Y Central 32% % ... North American 39% 1% ... Paramount 10 ... Vs Public Service 58% % ... Radio 9% Standard Gas 34% 2% . Stan Oil N J 31% 1 Texas Corp 13% % ... Union Carbide 36 % ... United Air 15% % ... U S Steel 49% % ... Vanadium 18 % ... Westinshoase El 31% % ... Woolworth 44% % ...
New York Bank Stocks
(Bv Thomson and McKinnon) —March 8— Bid. Ask. Bankers 66 68 Brooklyn Trust 235 250 Central Hanover 157 161 Chase National 42% 44% Chemical . 36% 3*% Cltv National 54% 5*% Corn Exchange 65% *% Commercial 161 169 Continental 17% 19% Empire 25% 27% First National 1.7*5 1.885 Guaranty ..... 318 323 Irving A...., 21% 22% Manhatt 1 k Company ... 39 41 Manufar jrers .... 32% 34% New Yc Trust 95 98 Public 29 22
Natl Dairy 31% 30% 31 30% Purity Bak .... 14% 14% 14% 14* PlUabury ... 21% Safeway St 57*, 57 57 57 Std Brands .... 13% 13% 13*, 13% Drugs— Coty Inc 4% 4 Drug 1 Inc 54% .54 '4 54% 54 Vi Lambert Cos ... 54% 54 54 54 Lehn Ac Fink 23% 23% Industrial*— Am Radiator 7% 7% Bush Term 21% ... Certainteed .... 3% 2% 2% ... Gen Asphalt .. . .. 13% 13*4 Otis Elev 21 19% 20% 19 Indus Cheißs Air Red 61% 61% 61% 61% Allied Chem ... 87% 86 86% 86V, Com Solv 10 9% 9*, 9% Dupont 57% 56% 57 57% Union Carb ... 35*4 35% 35% 36 U S Ind A1c0... 31V, 30 30% 30% Retail Stores— * Assoc Dry Gds 6% 6% Kresge 8 S 16% 16% 16% 16% May D Store...? 18V, 19% Mont Ward 11 10% 10% 10% Penny J C 34% 34 34 34% Schulte Ret St 2% ... Sears Roe 36 35*, 35% 35% Woolworth 45 s * 45% 45% 44% Amusements— Crosley Radio 3% Eastman Kod .. 84% 83*4 83% 83% Fox Film A 3*, 4 Grigsby Gru ... 1',4 1 % 1% 1 % Loews Inc 32*4 32% Param Fam ... 30% 9% 9% 10 Radio Corp .... 9% 9 9 9% R-K-O 6 Vi 6% Warner Bros ... 3% 33% 3% Miscellaneous— City Ice k Fu.. 27% 27% 27% 27% Coneoleum 10*4 10% Pr<st k Gam.... 41% 41V* 41% 41V, Allis Chal 11 Vi 11*4 Am Can 73% 72% 72 s , 73 J I Case 38*, 38 38V* 38% Cont Can 40% 40% 40% 40% Curtiss Wr 1% 134 Gillette SR... 22% 22 22*4 22% Gold Dust 19 Vi 19 19% 19 Int Harv 24% 24% 24% 24% Int Bus M 117 115 117 114% Real Silk 3% 3% Un Arcft 15% 15'% 15% 15%
The City in Brief
THURSDAY EVENTS Advertising Club luncheon. Columbia Club. American Business Club luncheon. Columbia Club. Real Estate Board luncheon. Washington. Shrine Caravan Club luncheon. Murat Temple. Acacia luncheon. Harrison. Gray Iron Foundrvmcn's Association luncheon. Columbia Club. Robert Hunt, 28, Carmel, was reported missing to police Tuesday night by his brother, Aley Hunt. The brothers became separated while in a store. All phases of firing and handling of boilers will be discussed in the first of a series of free lectures for firemen and janitors at a meeting rom 1:30 to 2:30 Thursday in the assembly room of the Big Four building, officers of the Indianapolis Smoke Abatement League announced Tuesday. “Hymns That Should Remain in the New Methodist Hymnal’’ will be the topic of the Rev. Joseph G. Mcore at the weekly church night dinner at the Capitol Avenue M. E. church at 6 Thursday night. Miss Mabel Davis, president of the Garfield Union, presided at an interdenominational meeting of the Garfield Christian Endeavor Society at the Olive Branch Christian church Tuesday night. More than a hundred representatives of church societies attended. . C. S. Wikoff was the principal speaker at a Liberty party meeting Tuesday night at 4214 Rockville road. A meeting of party workers will be held tonight at 609 Lemcke building. March meeting of the Young Lawyers Association will be held at noon Thursday in the Washington, with five-minute talks scheduled by members. FIRE LIEUTENANT IS OVERCOME BY SMOKE Two Persons Arc Rescued From Flaming Residence. A fireman was overcome by smoke and two persons were rescued from a burning house at 2166 Barth avenue early today. Lieutenant Charles Britton of 2519 I East Washington street, of engine house No. 29, fell unconscious while fighting flames on the roof of the house, and was carried to safety by other firemen. He was taken to city hospital, where his condition was reported as fair. The home, owned by Charles E. Morris, caught fire from unknown causes. Morris nearly was overcome by smoke before discovering the fire. Britton carried Morris from a second story window before being overcome. Mr. and Mrs. Synthia Gilbert, other occupants of the house, were awakened by Morris and were carried from the home by neighbors. Damage to the house was estimated by firemen at SSOO. Chicago Stocks Opening (By James T. HamiH & Cos.) —March 9 Ass Tel Util.... 4%'lnsull com /.... IT* Bendix Aviation I3%|lnsu!l 6s ’46. .. 14 Bora Warner... 12%'Mid United com 2% Cent So Wst... 3%iMiddlo West 2% Cities Service.. 6%,Natl Std 18% Cord Corp 4ViU S Rad <fc Tel 10% Cont Chi pfd.. 16%IUtah Prod ; % Com Edison... 96%|Ut k Indus com 2% Elec Household. 5 'Ut k Indus nfd 10% New York Liberty Bonds —March 8— Liberty 3%5. ’47 98.30 Liberty Ist 4%5, '47 100.5 Liberty 4th 4*4S. ’3B 100.13 Treasury 4%5. '52 103. Treasury 4s. '54 100.20 Treasury 3%5, '56 97.12 Treasury 3*48. '47 94.26 Treasurv 3%5. '43 (March) 95.18 Treasury 3%5. '43 (June) 95.22 Treasury 3%5. 49 91.18 Other Livestock By United Press CLEVELAND, March 9.—Hogs—Receipts. 1,600: holdover, none: steady; 160*230 lbs., $5; 240-300 lbs.. 54.60®4.75; little done on nigs. Cattle—Receipts. 200; common steers 900 lbs. downward, active, strong, 25c higher: other killing kind around steady: In fact, low on meaty steer weight. 1.000 lbs. upward: common light weight steers,, $4.75 to $4.85; few 96@>0.25. Calves—Re-1 ceipts. 4bo: market, active. 50c spots. $1 higher; desirable vealers frequently at $9: some rather mixed scattering $9.50 and above; cull to medium, s6® 8 mostly. Sheep—Receipts, 1.000; lambs. 15@<0c higher: 91 lbs. wooled skins near choice assorted at $7.50: few medium wooled $6.50 and nearly good clipped $6.25. By United Press .PITTSBURGH. March 9—Hogs—Receipts 15)00: market, steadv to 10c higher: 160220 lbs., $5,150: 5.35; 240-310 lbs.. $4,704/5; 110-140 lbs.. 54.25ir4.75: packing sows, $3.50414. Cattle—Receipts, 12; market, nominal: medium graae steers quoted *[email protected]; heifers. $4.50475.50; medium to good cows. $3.25® 4. Calves—Receipts. 50; market, steady: better grade vealers S7®B. Sheep—Receipts. 1,000: lambs about 25e higher; good to choice wool lambs, $7 ■ By United Press \ FT. WAYNE. Ind.. March 9.—Hogs—- ; Market., steady: pigs. $4%4.25: light lights, i $4.25® 4.50; lights. $4.75® 4.90: mediums, $4.50© 4.75; heavies. $4.256 4.40; roughs. M. 50; stags. $2; calves. $8; lambs. *6.25® Marriage Licenses Louis M. Hasseld. 21. of 1313 North Arlington avenue, mailer, and Helen Stinson. 22. of 6900 East Twelfth street, office clerk. John H. Sneed. 22. of 4309 West Morris street, florist, and oiara Hendricks. 1. of 1622 Mtlburn street. NEW YORK COFFEE RANGE —March 8— High. Low. Close. May 6.31 September 6 22 December 6.26 6.2i 6.2*
THE INDIANAPOLIS TIMES
PORKER PRICES DROP PART OF REGEIfi GAINS Cattle Trade Active and Strong; Sheep Hold Steady. Hog prices receded 10 cents this morning from the advance made I Tuesday at the Union Stockyards. The bulk, 130 to 325 pounds, sold for $4.40 to $4.90; early top holding at the $4.90 figure. Receipts were estimated at 5,000; holdovers were 23. General trade in cattle was active and strong. Receipts were 1,100. Calves were 50 cents higher, selling at $8 down. Calf receipts were 300. Lambs showed considerable activity, prices firm at Tuesday’s advance. Natives were selling up to $7 with fed westerns bringing $7.40 to $7.50. Receipts numbered 1,200. Early bids at Chicago were strong to 10 cents higher on hogs. Several loads of 180 to 220 pounders were bid in at $4.90; 220 to 240 pounds sold for $4.70 to $4.80. Receipts were 16,000, including 3.000 direct. Holdovers were 4,000. Cattle receipts, 7.000; calves, 1.500; market strong. Sheep, 13,000; steady to 25 cents higher. . , HOGS March Bulk. Earlv Too. Receipts. 2. $3.85®. 4.35 $4.35 3.500 3. 4.00® 4-50 4.50 3.500 4. 4 10® 4.60 4.60 4 000 S' 4 50 4.50 2.000 7. 4.25®) 4.70 4.70 2.000 8. 4.00® 5.00 5.00 3.000 9- 4.40@ 4.90 4.90 5,000 Receipts, 5.000; market, lower. (140-160) Good and choice....s 4.65 _ —Light Lights—-(l6o-180) Good and choice.... 4.90 , —Light Weights—-tlJO-200) Good and choice.... 4.90 (200-220) Medium and g00d... 4.80 —Medium Weights—-%2o-250) Good and choice.... 4.70(17 4.80 (250-290) Medium and g00d... 4.60® 465 „ —Heavy Weights—-(29o-350) Good and choice.... 4.40® 460 „„„, - —Packing Sows— Medium and g00d... 3.50® 4.25 (100-130) Slaughter pigs 4.15® 4.40 CATTLE Receipts, 1,100; market, steady. Good and choice $ 6.00® 8.50 Common and medium 3.25® 600 _ J , (1.100-1.800) Good and choice 6.00® 8.50 Common and medium 4.25® -6.00 —Heifer*— Good and choice 5.00® 6.75 Common and medium 2.50® 7.00 —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 2.50® 3.50 Cutter, common and medium.. 1.50® 2.50 CALVES AND VEALERS Receipts, 300; market, higher. —Vealers— Good and choice $ 7.50® 8.00 Medium 5.50® 7.50 Cull and common 4.00® 5.50 —Calves— Good and choice 3.50® 6.00 Common and medium 2.00® 3.50 —Stockers and Feeder Steers— Good and choice 4.00® 5.75 Common and medium 3.00® 4.00 (600-1,5001 Good and choice 4.00® 5.75 Common and medium 3.00® 4.00 SHEEP AND LAMBS Receipts, 1,200; market, steady. Good and choice $ 6.25® 7.50 Common and medium 4.00® 6.25 Ewes. medium and choice... 1.75® 3.00 Cull and common , 75® 1.75 Other Livestock By United Press .CHICAGO. March 9.—Hogs—Receipts 16,000, including 3.000 direct; strong to 10c higher than Tuesday’s average: 170210 lbs.. $4.75®4.90; ton. $4.90; 220-250 lbs., $4.55®4.80; 260-330 lbs. $4.30®4.50; 140-160 lbs., $4,604(4.85; pigs, $4®4.50; packing sows $3.85@4; light lights!' 140160 lbs., god and choice, $4.50®4.85; light weight, 160-200 lbs., good and choice, $4.70 ®4.90; medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights, 250-350 lbs., good and choice $4.25®4.60; packing soy ’s, 275-500 lbs., medium' and good [email protected]: sTaughter nigs, 100-130 lb?., good and choice, [email protected]. CattleReceipts, 7.000: calves. 1,500; most killing classes active strong to 25c higher: bulls. 10® 15c higher; vealers, 50c@$l higher; top yearlings. $8.75: best heavies held higher; slaughter cattle and vealers; steers 600-900 lbs., good and choice, $6.75 @8.85; 900-1.100 lbs., good and choice, $7 @9; 1,100-1,300 lbs., good and choice $7 ®9; 1.300-1,500 lbs., good and choice, $7 ®9; 600-1,300 lbs., common and medium, $4.25®7.25: heifers 550-850 lbs., good and choice. [email protected]; common and medium. $3.75® 6; cows good and choice. $3.50® 5; commoii. and medium, $3®3.50; low cutter and cutter, s2®j; bulls vearlings excluded, good and choice beef, [email protected]: cutter to medium, $2.75® 3.50; vealers milk fed, good and chQice s7®9; medium, $5.25®7; cull and common, $3,50©5.25; stocker and feeder cattle: steers 500-1,050 lbs., good and choice, [email protected]; common and medium. $3.50® 4.75. Sheep—Receipts. 13.000; slow, about steady with Tuesday’s close; some interests bidding lower; better grade lambs, $6.50®7.25; best held above $7.50: slaughter sheep gjid lambs: lambs 90 lbs. down good and choice. [email protected]; medium $5.75®6.50; 91-100 lbs., medium to choice, $5.50®7.35; all weights common, $5®5.75; ewes 90-150 lbs., medium to choice, $2.75®4.25: all weights cull and common. [email protected]: feeding lambs, 50-75 lbs., good and choice. $5.25®5.65. By United Press LAFAYETTE, Ind.. March 9.—Hog market, s@lsc lower; 160-200 lbs., $4.70; 200225 lbs., $4.60; 225-250 lbs.. $4.50; 250-275 lbs. $4.45; 275-300 lbs.. $4.40; 300-325 lbs., $4.25: 150-160 lbs.. $4.25; 130-150 lbs.. $4: 100-130 lbs., $3.75: roughs. $3.75 down; top, calves, $7; top lambs, $6.50. By United Press CINCINNATI. March 9.—Hogs—Receipts. 6,800. including 3,134 direct; heldover 170; generally steady: better grade. 160 to around 235 lbs.. $4.85® 5; mostly $5 on 225 lbs. down: 250-300 lbs.. [email protected]: 120150 lbs., $4.15® 4.25. mostly: sows. $3.25® 3.50. mostly: lightweights. $3.75. CattleReceipts. 700; calves, 250: fairly active, generally steady to strong on all classes; supply light, odd lots, common and medium steers and heifers, $4.50® 5.75; part load good weighty heifers. $5.50; load good steers. $6.75: most beef cows, 53.2553.50: some upward to $4: bulk low cutters and citter cows. $1.75®2.75: strong weight cutters, $3: bulls. $3.50 down; vealers steady to 50c higher; good and choice, $7 ®8: lower grades largely $6.50 down. Sheep —Receipts. 700: including 600 direct; salable supply insufficient to test values; best grade lambs auotable steadv at $6.50 ®7: common and medium. $4.50©6: sheep. $2.50 down. By Times Special LOUISVILLE. March 9.—Hogs—Receipts, 450: market, steadv: 175-235 lbs., $4.80; 240-295 lbs., $4.50: 300 lbs. up. $3.90: 175 lbs. down, $4.15; packing sows. $2.90®3.65; stags. $2.65 down. Cattle—Receipts. 200: steady; medium and good slaughter steprs and heifers. $4.50®5.50; slaughter cows and bulls. $3.25 down; light Stockers, s3® 5.25. Calves—Receipts. 200: best vealers, 50c higher: extreme top. $7; others steady; throwouts. $4.50 down. Sheep and lambs —Receipts. 50: steady; best heavy lambs, $6.25; choice 85 lbs. down. $6.50: buck lambs. $5.25; thrownuts. $3.50 down: fat ewes. $2.50 down. Tuesday's shipments, 26 cattle. By United Press EAST ST. LOUIS. March 9—Hogs—Receints. 1,000; market. 15® 20c higher: top 4.90; most 160-230 lbs.. $4.70®4.85: 240-300 lbs.. $4.50® 4.65: 130-160 lbs . $4.25® 4.75; 100-130 lbs.. $4®4.40: sows largely $3.60® 3.75. Cattle—Receipts, 2.000: calves, receipts. 800: market, generally active; steers steady to strong; mixed yearlings and heifers strong; spots 25c higher; cows and bulls mostly steady: vealers. 50c higher; a few earlv steer sales. $4.50477.10; mixed vearlings and heifers. s4® 6.15: cows. $2.75®3.50: low cutters. *1.50@2; top medium bulls. $3: good and choice vealers. SB. Sheep—Receipts. 1.000: market, few choice wooled lambs to city butchers strong to 25c higher: small lots. s7® 7.25; packers talking steadv or $6.65 down. By United Press TOLEDO 0., March 9.—Hogs—Receipts 900: market. strong: top *4.75® 4 90mixed. $4.75® 4.90: bulk. $4.75® 4.90: pigs $464 25: lights. s4®4 25; rough® [email protected] Cattle—Receipts, 40: market. active steady. Calves—Receipts, lieht: market 50c higher: choice to extra, $8.506 9; fair to good, s7*s 7.50. Sheep and Lambs— Receipts, light; market, strong. By United Press EAST BUFFALO. March 9—Hogs on sale. 1 100; weights below 220 lbs. active. 15c to 25c higher: others strong to 15c higher; bulk 160-210 lbs., $5.40®5.50: plainer kinds $5.25®5.35; weights below 140 lbs., largely, $5.75. Cattle—Receipts. 25: nominally steady. Calves—Receipts. 100: vealers. 25c to 50c higher; good to choice, mostly, $9; common and me Yum s6© 7 Sheep—Receipts. 400; lambs, !*Stive 25c to 50c higher; quality and sort * considered; good to choice wooled lambs lenientlv sorted, *7.60; common and medium, *6.25 6*6.50.
Dow-Jones Summary
Radio Keith Orpheum Corporation in 1931 reported net loss of *5,550. .70 after all charges, against net loss of *3.385.628 in 1930. Simmon* Company, excluding subsidiaries in February, reported sale* amounting to $1,192,133. against *1.926.164 in Febrnary. 1931; two months $2,176.860, against *3,441,208. Youngstown Sheet and Tube Company declared the regular quarterly dividend of *1.37% on preferred stock, payable April 1, ol record March 2. New York cables opened in London at 3.74%. against 3.71. Paris, checks 95.375; Amsterdam. 9.325; Italy, 72.125, and Berlin, 15.75. Car loadings in United States in week ended Feb. 27 totaled 535,498 cars, a decrease of 37,108 from previous week due to observance of Washington's birthday and decrease of 145,723 from like 1931 week. Artloom Corporation in 1931 showed net loss at $395,246 after charges, against net loss of $352,876 in 1930.’ Oppenheim Collins & Ce. in six months ended Jan. 36, 1932. sales amounted to $6,290,926 against $9,415,323 in like period a year previous. Net operating Income of Class 1 roads in January amounted to $11,713,611. or an annua! return of 8-10 of 1 per cent on property investment, according to bureau of railway economics: in January 1931 net operating income amounted to $34,341.414. Omheum circuit in 1931 showed net loss of $398,621 after all charges, aqsinst profit of $402,479 in 1930. Charles Gurd k Cos. declared the Quarterly dividend of 40 cents on common stock, placing the issue on $1.60 annua! basis, against $2 previously, dividend pavable April 1. of record March 15. MrQuav Norris Manufacturing Company in 1931 earned $4.13 a share, against $4.03 in 1930. Capital Administration Company Ltd. declared the regular quarterly dividend of 75 cents on preferred stock. Sally Frocks Inc. reported sales at $221,447. against. $303,360 in February, 1931; two months amounted to $491,014 against $633,522. American District Telegraph Company declared the regular quarterly dividend of $1 on common stock, payable April 15, of record March 15. Wisconsin Power k Light In 1931 earned $4.96 a common share, against $7.88 in 1930. Novadek Agene Corporation declared the regular quarterly dividend of $1 on common stock, payable April 1, of record March 18.
Produce Markets
Eggs (country run)—Loss off delivered in Indianapolis. 10c: henerv aualitv No. 1. 12c; No. 2. 9c. Poultry (buying prices)—Hens weighing 6 lbs. or over. 11c: under 6 lbs., 13c: Leghorn hens. 10c: broilers, full feathered. 3% lbs. or over. 13c: under lie: Leghorn broilers. 10c: spring chickens. 5 lbs. and up. 12c: under 11c: old socks. 7c: ducks, full feathered. 9c: geese. 6c. These prices are for No. 1 top aualitv quoted bv Kinsan & Cos. . . „ „ Butter (wholesale)—No. 1. 26@27c: No. 2. 24® 25c. Butterfat —20c. Cheese (wholesale selling price pej pound)—America loaf. 23%c: pimento loaf. 25%c: Wisconsin firsts. 19c; Longhorns. 19c; New York limberger, 30. By United Press CHICAGO. March 9.—Eggs—Market, firm; receipts, 10,738 cases; extra firsts, 12%c firsts, 12c; current receipts, lIV2C; seconds, 10c. Butter—Market, firm; receipts, 5.535 tubs; extras, 22%c; extra firsts, 21% ®2l%c; firsts, 20*/ 2 ®2lc; seconds, 19' 2 @20c; standards, 22%c. Poultry —Market, steady to firm; receipts, 1 car; fowls. 15®17c: springers. 16@22c; Leghorns, 15c; ducks, 17@30c; geese, 10c; turkeys, 15@22c: roosters, 10c; broilers, 22®24c: stags. 15%c. Cheese—Twins, 11% ®ll%c: young Americas. 12®12'/ 2 c. Potatoes—On track, 306; arrivals, 41; shipments, 541; market, trading slow on account of the cold w'eather, about steady: Wisconsin round whites, 75@'80c; Idaho Russets, *[email protected]. By United Press CLEVELAND. March 9.—Butter—Extras, 26%c; standards, 26*/4C: market, firm. Egs—Firsts. 13c; current receipts. 12c; market, steady. Poultry—Heavy fowls. 15 ®l7c; medium. 18@19c: Leghorns, 15@16c; 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: capons. 23c; market, steady. Potatoes—Ohio and New York, 40® 50c bushel: Maine Green Mountain. $1.05(5)1.15 100-lb. sack; Idaho Russet, $1.75® 1.85 100-lb. sack. By United Press NEW YORK. March 9.—Potatoes—Market, dull; Long Island. $1.15®2.65 per barrel: southern. s2®„4 per barrel; Idaho, $2.25®’2.50 per sack: Bermuda. s4®9 per barrel: Maine. $!.35®1.85 per barrel; Canada. $1.25® 2.40 per barrel. Sweet potatoes—Market, dull; Jersey baskets. 25c @*1.10: southern baskets, 50@65c. Flour —Market, quiet: spring patents. $4.55®' 4.75. Pork —Market, firm; mess, sl7. Lard —Market, firmer; middle west spot. $5.15 @5.25 per 100 lbs. Tallow—Market, steady; special to extra. .02*/[email protected]%c. Dressed poultry—Market, steady; turkevs. 15®29c; chickens, 20@27c; fowls, 10®22c; broilers, 20@29c; capons. 18(5532c: ducks. 12@16c: Long Island ducks. 16@19c. Live poultry —Market, steadv: geese. 10®15c; ducks. 11 @l9c: fowls. 17@)19c; turkevs, 15@27c: roosters, 10c; chickens. 17®27c: broilers, 15@27c: capons. 15@28c. Cheese—Market, firm: state whole milk, fancy to special, ll'/a@lßy 2 c; young Americas, 13©13%c. By United Press CINCINNATI, 0.. March 9.—ButterPacking stock. No. 1. 18c; No. 2, lie; No. 3,8 c; butterfat. 16@18c. Eggs—Steadv; cases included; extra firsts, 12c; seconds, 10c; nearby ungraded. 11c; duck eggs, 15c; goose eggs. 60c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over. 15c; 4 lbs. and over, 18c: 3 lbs., and over. 18c;! Leghorns. 3 lbs., and over. 15c. roosters, 9c; colored broilers. V/2 lbs and over. 25c; 2 lbs. and over, 25c; partly feathered, 12c; Leghorn broilers, l’/a !bs. and over. 2Qc; 2 lbs. and over. 18c; Leghorn stags. 13c: colored stags. 15c; black springers, 11c; 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: canons, 8 lbs. and over. 23c; under. 8 lbs.. 20c; slips. 15c: turkevs. No. 1 hens 8 lbs. and over. 26c; young Toms No. 1, 10 lbs. and over. 22c. Births Girls Delbert and Hazel Herbert. 426 North Noble. Ervin and Lillian Mathes. 1116 Wright. Ralph and Mary Duncan, 3024 North California. Clyde and Annette Bailey, Coleman hospital. Clove and Mary Sherrill. Coleman hospital. William and Dorothy Nagel, 2530 North Sherman Drive. Slater and Ruth Bartlow, Methodist hospital. Edmond and Josephine Alvis, Methodist hospital. Arthur and Eleanor Smith, Methodist hospital. Robert and Nell Becherer, Methodist hospital. Bov* Robert and Lucreecie Cline, 3602 East Thirty-ninth. Joseph and Josephine Adams. Bt. Vincent’s hospital. William and Helen Stark. St. Vincent's hospital. Kenneth and Maureen Bea. St. Vincent's hospital. Claud and Mildred Appleby. Coleman hospital. Richard and Adeline Babbs Coleman hospital. Odus and Myrtle Gardner, Coleman hospital. Albert and Nellie Lyden. Coleman hospital. James and Florence Prater, Coleman hospital. Joseph and Leartrus Cole, St. Vincent’s hospital. Harold and Esther Church, Methodist hospital. Lewis and Ellen Beard, Methodist hospit*!. Deaths Mary Coward, 51, 735 Drake, diabetes meliitus. Bessie Sweat. 20. city hospital, acute myocarditis. Mary Harbison. 68. 1217 North Healing, carcinoma. John F. Ward. 66. 4365 Atlas, cerebral hemorrhage. Susan R. Turnev. 74. 516 West Morris, chronic myocarditis. Rhea Jacups. 47. city hospital, iobar pneumonia. Nancv Overton. 51. 519 North California, cerebrospinal meningitis. Cornelius Kisser. 50. 1446 South Sheppatd. chronic hepatitis. Bertha Kuhn Stein. 70, 432 East Fall Creek, cerebral hemorrhage. Katherine Nolan. 64. Central Indiana hospital, cervical cellulitis. Ida B. Harding. 67. 2511 East Washington. apoplexy. Fannie Wilson. 75. 1626 South Randolph, cerebral hemorrhage. Frank W. Jamison. 44. Methodist hospital. pulmonary embolism. George Cahill, 64, city hospital, carcinoma. RAW SUGAR PRICES —March 8— High. Low. Close. January 1.10 1.07 1.09 March 1.14 1.13 1.14 May *9 .87 .88 July 96 .94 .95 September 1.01 1.00 1.01 December ............ 1.08 1.05 1.07
i GRAIN FUTURES SHOW UNEVEN TRADING RANGE Weather Reports Important Factor in Wheat Market. BY HAROLD E. RAIXVILLE United Press Staff Correspondent CHICAGO, March 9.—Wheat opened slow and steady to easy on the Board of Trade today. Stocks were irregular and sterling continued to advance. Liverpool was relatively strong, owing to the movements in the exchange. Traders were hesitant to make ( further commitments until the exj change rate steadied. Price changes were small at the start, with scattered selling and light support. Corn was firm on the continued cold and intimations of a possible report demand. Oats was dull and steady. Opening Is Uneven At the opening wheat was unchanged to 3 ,i cent lower, corn was % cent to Vi cent higher and oats unchanged to % cent higher. Provisions were steady. A further advance in sterling made the Vi to % pence lower Liverpool market equal to 1% to 1% cents higher at mid-afternoon. Weather over the main winter wheat belt continues abnormally cold, although temperatures were slightly higher in the east. | £ Millers are reported to have taken about 5,000,000 bushels of stabilization corporation cash wheat lately, giving in exchange Kansas City December futures on a basis of 59 cents, or 7 cents above May. This is considerably less than a carrying change from March until first delivery day. Corn Holds Advances The first Red Cross wheat is on its way from Omaha to South Dakota. Com is holding moderate advances largely on the action of wheat. Country offerings are rather light, but there has been no Improvement in the cash demand. Blizzards are reported in parts of lowa. Oats have been confined to a narrow range recently. The trade is giving more attention to rye as an export demand develops for that grain, with United States stocks small. Chicago Grain Range —March 9 WHEAT— Prev. High. Low. 11:00 close. May 61% .6114 .61% .61% Julv 63% .63 .63 *4 .63% September ... .65% .65 . 65% .65*4 CORN— May 40% .40% .40% .40% Julv 43V* .42% 43 .42% September ... .44*4 .43% .44% .43% Mav 25% .25*4 .25% .25*4 Julv 26 V .26 .26 .25% September .. .26% .26% .26% .26% RYE— Mav .51*4 .51 .51 .50% Julv 52% .52% .52% .52% September ... .53% .53% .53% .53% LARD— Mav 5.00 4.97 Julv ... ... 5.15 September 5.32 By Times Special CHICAGO. March 9.—Car lots: Wheat. 16; corn, 42; oats. 11; rye, 2, and barley 5. By Times Special CHICAGO. March B.—Primary receipts: Wheat, 642.000 against 1.037.000: corn. 309.000 against 526.000: oats. 161.000 against 257,000. Shipments: Wheat. 387.000 against 653,000; corn. 93.000 against 323,00; oats, 207,000 against 338.000. By United Press CHICAGO, March B.—Cash grain close: Wheat—No. 2 red, 57%c: price due to billing difference: No. 3 red 57®58c. Corn No. 3 mixed, 34c; No. 2 yellow. 38c; No. 3 yellow. 33%®34%c; No. 4 yellow 33%c; No. 5 yellow, 32%c; No. 2 white. 36c; No. 3 white, 34c. Oats—No. 2 white, 24%c; No. 3 white. 22®22%c: fancy, 25c. Rye— No sales. Barley. 37®59c. Timothy—[email protected]. Clover. s9®l4. By United Press TOLEDO. March B.—Cash grain close: Grain in elevators, transit billing: Wheat —No. 2 red. 61®62c. Corn—No. 2 vello v, 38%®39%c. Oats—No. 2 white. 27® 28c. Rve—No. 2. 49%®50%c. Track prices, 28%c rate. Wheat—No. 2 red. 55%®56c: No. 1 red. lc premium; No. 3 red. % to 3c discount: No. 4 red. 3 to 5 cents discount. Corn —No. 2 yellow. 34@35c: No. 3 yellow. 32®33c: No. 4 yellow. 29%®31c. Oats— No. 2 white. 24®25c: No. 3 white. 23®24c. Clover—Prime. $8.75: March. $8.75. Alsike —Cash. $8.75: March. $8.75. Butter Fancy creamery. 23®26c. Eggs—Extras. ll@ll%c. Hay—Timothv. per cent. 80c.
Cash Grain
—March 8— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41%c New York Rate, were: Wheat—Firm; No. 1 red, 48@49c; No. 2 red. 47@48c; No. 2 hard. 42@48r. Corn—Steady; No. 3 white. 27@28c; No. 4 white 26® 27c: No. 3 yellow. 24@25c; No. 4 yellow. 23®24c; No. 3 mixed. 23@24c; No. 4 mixed. 22@>23c. Oats—Firm: No. 2 white. 19@20c; No. 3 white. IB',i@l9%c. Hay—Steady (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville); No. 1 timothy, [email protected]; No. 2 timothy, [email protected]. —lnspections Wheat—No. 2 red. 2 cars. Total. 2 cars. Corn (new)—No. 3 white, 2: No. 4 white 1 car: No. 3 yellow, 2 cars. Total. 5 cars. Oats—No. 2 white, 2 cars; No. 3 white, 6 cars. Total. 8 cars.
Local Wagon Wheat
Citv grain elevators are paving 46c for ! No. 2 red wheat and 46c for No. 2 hard I wheat.
In the Cotton Markets
(Bv Thomson & McKinnon) NEW YORK, March B.—Cotton was quiet with prices firmer early due to light offerings, then easing on moderate southern selling. Ca- , bles were lower than due. The market continues to mark time, await- ; ing developments, particularly as to | the new crop. The chances as to the latter fa- , vors the buyer as fertilizer sales are small. There is an enormous survival of the weevil due to the mild winter and acreage reduction may be around 20 per cent. CHICAGO —March 8— .. , High. Low. Close. March 7.03 Mav 7.18 7.11 7.13 Julv 7.34 7.27 7.32 October 7.55 7.47 7.50 December ... 7.67 NEW YORK January 7.70 7.62 7.83 March 6.94 6.88 6.91 Mav 7.C9 7.00 7.02 Julv 7.25 7.17 7.17 October 7.49 7.37 7.40 December 7.63 7.55 7.57 NEW ORLEANS High. Low Close. January 7 67 7.62 7.62 March 6.94 8.90 6.93 Mav 7.10 7.01 7.03 July 7.26 7.17 7.19 October 7.44 7.36 7.37 December 7.62 7.33 7.54
Zaiser & Zaiser Incorporated Brokers Stocks and bonds , 129 E. M.-.rket Lincoln 9.T55 Lincoln 2167
Bright Spots of Business
Bt United Pres* NEW YORK. March 9.—Steel operations advanced 1 per cent to 27 per cent of capacity during the past week on slightly expanding demand from miscellaneous consumers, according to the “Iron Age." CHICAGO—MaiI order sales of Sears, Roebuck & Cos. are turning up. having shown definite improvement in the last few weeks, it was reported. LOS ANGELES—Western Air Express Company reported for 1931 a profit of $193,382, against a net loss of $200,670 in 1930. THE TIMES Want Ad Headquarters Transient Rates Minimum spaced want ad accepted U two lines. _ „ _ Charge Cash Number Insertions Per Line Per Line One Time 20 .19 3 consecutive times 16 .15 6 consecutive times 13 42 Rooms, Etc. Charge Ba?eo on Two Lines. Charge Cash 2 lines, one time 37 .35 2 lines 3 times 78 .72 2 lines. 6 times 1.12 1.00 # Discounts Ads may be phoned in and charged If the advertiser is listed in the phone directory or is identified and accepted by the credit department. A DISCOUNT Os ONE CENT FOR EACH LINE 1* given to transient advertisers paving their Dill within ONE WEEK afte* billing. Advertisers are asked to take advantage of this discount. Deaths, Lost and Found, Etc. Death Notices Cards of Thanks. In Memoriams Lodge and Church Notices. lost and Found ads are charged at a rate ot 10 cents per line Situation Wanted, 2 Cents per Word Minimum 12 Words. Want ads mav be phoned in as late as 11:16 A M. for publication in the 2:00 P. M. Home Edition on the came dav. Phone: RILEY 5551 Phone Service 8 A. M. to 9 P. M. Dally LEGUS Legal Notices LEGAL NOTICE OF PUBLIC HEARING I No. 10815 Petition of Public Service Company of Indiana and the Indianapolis k Martinsville Rapid Transit Company—for approval of purchase and sale. No. 10816 Petition of Public Service Company e,f Indiana and the Indianapolis. Crawfordsville k Danville Electric Railway Company—for approval of purchase and sale. No. 10817 Petition of Public Service Company of Indiana and the Indianapolis k Northwestern Traction Company—for approval of purchase and sale. Notice is hereby given that the Public Service Commission of Indiana will conduct public hearing in the above entitled causes in the rooms of the Commission. 401 State House, at Indianapolis. Indiana, at 9:00 o’clock A. M. on Monday, March 21st. 1932. Public participation in this hearing is requested by the Commission. public Service commission of INDIANA By J. W. McCARDLE, Chairman. Indianapolis. Indiana March 7. 1932. NOTICE OF SALE Notice is hereby given that bv virtue and pursuant to order of sale made by the Marlon Superior Court. Room 5. in Cause No. 63720, entitled: “Martin L. Burgess vs. Marietta Manufacturing Company,” the undersigned, as Receiver for said Marietta Manufacturing Company, will offer and sell, at public sale, to the highest bidder for cash at the offices of the Union Trust Company. 116 East Market street, Indianapolis. Indiana, on the 24th day of March. 1932. at 10:30 o’clock in the forenoon, the business as a going concern, and all of the property, estate and effects of every kind, character and nature whatsoever, except cash on hand, of said Marietta Manufacturing Company, consisting of raw and manufactured materials. bills and accounts receivable, machinery and equipment, etc., and including the following described real estate and improvements thereon, to-wit: Lots 9, 10, 11. 12. 13 and 14, and 284.5 feet off the north side of Lots 8 and 15 in Vaien's Sixth Addition to the City of Indianapolis, and as per plat thereof, recorded in Plat Book No. *. Page 184. in the office of the recorder of Marion County. Indiana sub.lect to the rights of the public to use so much thereof for street purposes as has been dedicated thereto. - - .‘i a of land containing 3 9-10 s acres more or less, situated m the northeast corner of the southwest, quarter of the northwest quarter es Section 33. Township 16. North Range 4. east, in Marion County, Indiana. and being 378 feet wide' from east to west: Also Lots 5. 6. 9, 10, 11, 12. 14 15 16. 17. 18, 19, 20. 21, 22, 23, 24’ 25’ £!• 29 ' 3n ' 31 - 32 - 33 - 36. 37. 39 and 40 in Brookside Gardens, an addition to the City of Indianapolis. as per plat thereof, recorded in Plat Book No. 17. Page 197 m the office of the Recorder of Marion County, Indiana; and Any and all real estate belonging to said Marietta Manufacturing Companv. whether herein specifically described or not.. Free from all liens and encumbrances, except the hen of taxes and improvement assessments assessed against said Marietta Manufacturing Company, and free from reaemption.
The Court has fixed a minimum or upset price of $135,000 at which said property shall' be sold and no bid for a less amount will be considered. No bid will be received from any one offering to bid who shall not at or before 10:30 a. m.. March 24. 1932. deposit with the Receiver and deliver to it as a pledge that such bidder will make good his bid in case of acceptance, the sum of $2,500 in cash, or by certified or cashier’s check made or endorsed payable to the Receiver. Said sale will be made subject to the approval of the court and may be adjourned or postponed from time to time, and the Receiver may, without further notice, proceed with the sale on any date Journed th * same mav have bcen adFor further information, reference Is hereby made to the above mentioned order of sale now on file in the office of the Clerk of said court. Said sale will be mae in all respects in the manner and subject to the provisions of said order and in event of any conflict between the terms of said order and the foregoing notice and in the description of said property and this notice, the terms, provisions conditions and description of and in said order will control. Dated this 2d dav of March. 1932. t,^2JI9IL TRUST COMPANY. RECEIVER. ROEMLER. CARTER k RUST Attorneys for Receiver.
GENERAL' ORDINANCE'NO. 14. 1932. AN ORDINANCE to amend Division E Part Six of Section 865 of General Ordinance No. 121. 1925. bv amending Sections E-603. E-604. E-605. E-608 E-610 E-611 E-612 E-613. E-614, E-615 and E-616; repealing all ordinances in conflict therewith and fixing a time when same shall take pfleet. BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF INDIANAPOLIS INDIANA: —Section 1— That Division E—Part Six of Section 865 of General Ordinance No. 121. 1925. be amended bv amending Section E-603 entitled. “Method for Determining the Size of Warm Air Pipes. Wall Stacks and Furnaces for use in Grade C and D Build- } inas” to read as follows: Sec. E-603. Method for Determining the Size of Warm Air Pipes. Wall Stacks and Furnaces. The following method shall be used for i calculating reouired sizes of warm air pines, wall stacks and furnaces. A—SIZES OF BASEMENT WARM AIR PIPES. —a. Each First Floor Room— Divide souare feet of exposed glass bv 12. divide souare feet of not exposed wall, ceiline or floor bv factors in Table A. I Divide cubic contents bv 800. (Note 61 add together the above and multiply bv 9 The result is the area of the basement j Dine in souare inches. Stated as an eauation. this is. The sum of: Glass (so. ft.) (Note I) ' divided bv 12. Net Wall (so. ft.i (Note : 2) divided bv (Factor in Table A). Cu. i Contents (Note 61 divided bv 800. Add the j above multiply bv 9 equals area of base- ' ment oioe. —b. Each Second Floor Room— Divide square feet of exposed glass bv 12. Divide souare feet of net exposed wall, j ceiling or floor bv factors in Table A. 1 Divide cubic contents bv 800 (Note 61. Add ' together the above and multiply bv 6. The | result is the area of the basement pipe 1 in souare inches. (See Sec. E-606 c.) Stated as an equation, this it: 1
“Little Success Stories” 3 CALLS RENTED CENTRAL. 2528—2 connecting front rips’ \J>> Everything furn., near bath. Ta. 0423. ,~l /5 Y Two connecting front rooms with every- ] ) thing furnished were not long vacant after / W they were listed in The Times Want Ads. / \ hr Times “Room Ads” are the most economi- / v cal way to Rent your spare room. Call Ri. j! / \ 5551, ask for special weekly rate. J You Can’t I _at Times Want Ad* for RESULTS CALL RILEY 5551 “CHARGE IT'*
WEATHER TOMORROW Snow flurries tonight e * continued
PAGE 11
LEGALS Legal Xptices 1 9 !ass ' s 7- ft.) (Note 1) , and b J 11- ' Nn Wall isq. It.) (Note ,2j divided by (Factor in Table A). Cu f° nte E ts ‘Note 6' divided by 800. Add the above multiplied by 8 equal* area of basement pipe. _, —6- Each Third Floor Room—e SQare f fet of exposed glass by 12. Divide square feet of net exposed wall, £•‘“2* °r floor, bv factors in Table A. Divide cubic content* by 800 (Note 6). Add together the above nd multiply by 5. res,,it is the area of the basement Uon thfs QU * re incbe *' Sut d uan equaTh sam of: Glass (sq. ft.) (Note; 1) v 2 ' J ,et Wmll ,s< l ft -' 'Note 2i divided bv (Factor m Table A). Cu. 'N.ote 6) divided bv *OO. Add the above multiply by 5 equals are* of basement pipe. —d. Basis of Working Rules for Pipes— These formulae are for 70 degrees temperature difference (outside temperature zero, inside temperature 70 decrees Fahrenheit). When temperature difference Is more than 70 degrees, add 1% per cent per degree above 70 decree to final figures, when temperatirre difference Is less than (0 degrees, deduct 1% per cent per degree below 70 degree from final figures. The values as given in Table A for use in the working rules, are derived as follows: EXAMPLE - The unit of calculation adopted for this is the equivalent of 1.000 b. t. u. transmitted. Any other number than 1,000 m *Rht be selected if desired and the result would be the same. Calculations are based on the commonly accepted data for heat loss through different types of walls. Thus, the factor 60. Item No. 1. Table A. is obtained in the following manner: The rate of heat transmission through a wall consisting of siding, paper, sheathing, studding. lath and plaster, is 0.238 b. t. u. per square foot, per hour, per degree difference between room and outside temperatures. At 70 degrees inside and zero outside one square foot of wail will transmit 0.238x70—16.66 b. t. u. per hour: 1.000 L then b€ ,ost tnroueh 1.000-e 16.66—60 square feet of wail. Since It is found from experiment that one square inch of first floor leader pipe delivers 111 b. t. u.. it will require 1.000-^lli—9 square inches to compensate for the loss through 60 square feet of wall. From this we derive the formula: W over 60x9—Area of first floor leader. Substituting 167 for the second floor and 200 for the third floor in place of 111. f *ctors 6 and 5, respectively. Other values in Table A for the different types of walls were obtained bv substitution of proper co-efficient of heat transmission instead of 0.238 in the above formula. Co-efficients used in Table A taken from A. S. H. k V. E. Guide 1929. —e. Factors—Table A—- „ , , EXPOSED WALLS No. 1 (a) Frame Wall constructed of siding. paper sheathing, studding, lath and plaster.. 60 (b) Same (l-a> construction substituting %" fibrous board or equivalent for the lath 80 (c) Same (l-a) construction with additional 3%” insulating fill between studding 140 For stucco on frame walls, use the same valued as for frame with siding, as shown , in l (a). J t b) and 1 (ct. No. 2 9 Brick Wall plastered on one side 40 No. 3 (a) 9” Brick wall, air space. furred and plastered 57 (b) Same (3-a) construction substituting %" fibrous board or a ‘■nuivaient for the lath 84 No. 4 13 Brick Wall plastered on „ , one side 52 No. 5 (a) 13” Brick Wall, air space. furred and plastered 69 (b) Same (5-a) construction substituting %” fibrous board or eauivalent for the „ . lath 97 No. 6 4" Brick. 4” or 8" hollow tile Plastered 57 No. 7 (a) 4” Brick, paper, sheathing. studding, lath and plaster (brick veneer) 58 (b) Same <7-a> construction substituting %" fibrous board or equivalent for the lath... 84 (c) Same <7-a) construction with additional 3%" insulating fill between studding 158 No. 8 Stucco on 8" hollow tile, and plaster 48 No. 9(a) Stucco on 8" hollow tile, furred and plastered 65 (b) Same (9-a) construction subtituting %" fibrous board or equivalent for the lath 95 CEILINGS WITH ATTIC SPACE ABOVE No. 10 (a) Lath and plaster without floor above 50 (b) Same (10-ai construction substituting %" fibrous board or eauivalent for the lath.. 70 (c) Same (10-a) construction with additional %" fibrous board or equivalent nailed J on top of joists. 90 id) Same (10-a) construction with additional 3Vi" insur ~ , Jating fill between Joists 150 No. 11 (a) Lath and plaster with tight floor above 90 (b) Same ill-a) construction substituting %" fibrous board or equivalent for the , 104 (c) Same (11-2) construction with additional 3%" insulating fill between Joists... 183 No. 12 (at Metal without floor above.. 40 (b) Same (12-a) construction with additional %* fibrous board or equivalent between metal and Joists 65 (c) Same (12-a) construction with additional %" fibrous board fastened on top of . joists 85 (and) Same fl2-a) construction with additional 3%" insulating fill between Joists 145 No. 13 la) Metal with tight floor above 75 (bt Same (13-a) construction with additional %" fibrous board between metal and , Joists 95 (c) Same (13-a) construction with additional 3%" insulating fill .76 . CEILINGS WITHOUT ATTIC CPACE ABOVE—PART OF THE ROOF No. 14 (a) Lath, plaster, rafter, sheath-" ing, any type of shingles or roofing 57 (b) Same (14-a) construction substituting %* fibrous board or equivalent for the , lath .* 74 (c) Same (14-a) construction with additional 3%" insulating fill 130 FLOORS—OVER EXPOSED OR UNHEATED SPACES No. 15 (si Double floor, on Joists 42 (b) Same (15a-) construction with additional %" fibrous board fastened to bottom of foists 88 (c) Same (15-a) construction with sheathing fastened to bottom of Joists and with additional 3%" insulating fill between ioi.sts 140 The substitution of %" insulating materials for sheathing should not be considered as having anv additional insulating value. EXPLANATORY NOTES
Note 1. In obtaining glass surface, us# full casement openings. An outside door is figured as glass. Note 2. To obtain net outside wall multiply height by width and deduct all windows and outside doors, as obtained in Note 1. For all rooms with attic, spaces immediately above, full celling areas shall be taken into account, using Table A. Floors over unheated spaces shall be taken into account, using Table A. For walls and doors between heated and unheated spaces, use 50 per cent of similar outside exposure. Note 3. For rooms having unusual exposure (ordinarily north, northeast and northwest*, add 15 per cent to the calculated pipe area. Note 4. Use no basement, warm air pipes less than 8 inches in diameter. If a basement warm air pipe figures not to exceed 10 per cent greater area than anv standard commercial size, then the nearest commercial size shall be used provided. however, that the total leader pipe area for each floor shall in no case be less than the total calculated requirements. Note 5. It is understood in using the above values for determining basement warm air pipe areas, that these pipes should be run comparatively straight and that they should not be over 12 feet in length. Sharp turns and long pipes should have extra capacity. When warm air pipes exceed 12 feet in length or have more than two 90 degree turns, the next larger commercial size Dine must be used. Note 6. The value of 800 (used in cubic contents* Is for an estimated air change of one room volume per hour. To provide for l'i room volume, use the figure 8(*0. For 2-room volumes, use the figure 400. B—SIZE OF WALL STACKS _ —a. First Floor Rooms— Same as Section 1. All first, floor fit-* tings and connections, shall maintain a free area eaual to the round basement pipes leading to them. —b. Second Floor Rooms— Not less than 70 per cent of calculated basement pipe area as determined in (bi. „ . , —c. Third Floor Rooms— Not less than 70 per cent of calculated basement pipe area as determined in (c*. and. Where two or more rooms are heated from the same basement pipe and stack, the area of auch basement pipe and stack shall equal the combined areas. _ A SECTION 2 That Division E. Part Six of Section 865 of General Ordinance No. 121. 1825. be amended bv amending Section E-604 entitled. "Transition. Fittings and Stacks" to read as follows: Secion E-604. Transition. Fittings and Stacks a. Transition from warm air pipes to (Turn to Page 12)
