Indianapolis Times, Volume 43, Number 268, Indianapolis, Marion County, 18 March 1932 — Page 25

MARCH IS, 1932

STOCK SHARES ' SELL DOWN IN DULL SESSION Weakness in Electric Bond and Share Group Is Bearish Factor. Average Stock Prices . Ave lMt of th! . rt Industrial* lor Thuridv 80S7. uo 1.76. Average of twenty r ? .".. ,40 A . u 1 -3®- Average of twenty vtllttie* 33.44. up .58. Average of forty bond* 80.93. oft .14. BV ELMER C. WALZER I'nited Prm Financial Editor NEW YORK, March 18.—Issues of of the Electric Bond and Share group on the New York Stock Exchange and Curb Exchange today broke to new low levels with losses 4 ranging to more than 5 points, their weakness unsettling both markets. Trading was still dull in All financial transactions with operators moving cautiously in view of conflicting outlook on the future of industry. Railroad shares, Thursday’s weak spot, again were driven down, losing more than a, point all around. In- , dust rials dropped with the general market. United States Steel losing more than 2 points to 41%. But most interest centered on the utilities where the electric Bond and share group was hammered down sharply. On the curb new lows were made by Electric Bond & Share at s'-. off 1%; new 17, off 5% ; Cumulative preferred 36, off 4% and preferred 4n, ofT 7%; American Gas Az Electric 23'., ofT 3%;. American <te Foreign Power war- * rants 2, ofT %. Steel Preferred Hips On the big board, the following members of the Electric Bond group, were driven to new lows; Electric Power and Light 9%, off 2 >k; American Power Ai Light 13, off 1%, and American X Foreign Power 4%, off 1%. National Power & Light declined nearly 2 points to 12 •'%. Other utilities dropped sharply 'with the foregoing issues. American Telephone lost nearly 3 points to 119, while North American was down 2 at 3i and Consolidated Gas 2% at 61 •%. Steel preferred broke to the lowest level this year at 95%, off 4% points from the previous close. Last December, the Issue touched a low of 94. National Bellas Hess preferred dipped toward the zero level, making anew low at 1 1 *, off 3%. The common stock was removed from the board before the opening. Company to Be Liquidated The company is to be liquidated, since, according to directors, “it ran not be maintained as a going concern.” In the letter to stockholders announcing the liquidation, • it was said nothing would be left for the common stock and probably ] nothing for the preferred. General Motors equaled its low for the present shares at 18 I L., off \ . American Can dropped 2 points, to 65; Case nearly 2, to 34. and Allied Chemical nearly 3. to 67V6. Kreugcr & Toll and International Match preferred were dull and only fractionally lower. Railroad bonds declined after a slight pickup late Thursday. Nickel Plate 6s of 1932 lost all its Thursday's gain, breaking to 56Vi, off points from the previous close. United States government issues were firm on evidence the federal reserve was continuing its easy money policy.

Bank Clearings

INDIANAPOLIS STATEMENT —March 18-*, Os a rings $2.574.nf*0 r*o Debits 4.806.900.00 TREASURY STATEMENT March 18 Net hslsncf for March 16. .*759.929.243.24 Expenditure? 33.227.063.56 Customs rects. mo, to dale... 11.463.311.12 New York Curb Prices (By Thompson A McKinnon) —March 18— 11:001 11:00 Alum Cos of Am 45% 1 Gulf Oil 29 Am Cyanamid.. 4% Midwest Util .. 1% Am Gas A El.. 31% Mo Kan Pipe... % Am Sup Pwr.. 3% Nat Bond k Sh. 30% Ark Gas (At... 2 Ntn Hud Pwr... 6 Asso Gas A El . 2 VNiles 7% Braz Pwr ALt 12 Penroad 2% Cities Service .. 6 ;St Rests Paper.. 4% Cons Gos Balt 64 std of Ind .. 16% Cord 4% jUn Gas *A* 1% Deere ACo 9 |Un Lt A Pwr... 4% El Bond A Sh 6% Un Verde 3% Ford of Ens 4*. lit Pwr 1% Goldman Sachs 2% Un Fndrs 1% Net Changes By United Pres* NEW YORK. Marrh 17. —Closing prices and net changes on principal stocks traded on the New York Stock Exchange follow: Allied Chemical 79 V?. American Can 67 1% American Telephone 123% 2% Anaconda 9% % Auburn 92% 3% Bethlehem Steel 19% a. Case 357, 1 Chrysler 10% % Consolidated Clas 64 1% Du Pont 50’, 1% Electric Power ia% % General Electric 20% % General Motors lunchanged' ..19 International Nickel 8% % International Telephone 9 % Kennecott , 9% % Kreuger A Toll 1% % Lorillard 16 % New York Centra! 28% 2 North American 36% 1 Pennsylvania 18 % Radio 71, % Sears Roebuck 31% 1, Standard Gas 291. s. Standard Oil. N J 29% % Texas Corporation 12 % Union Carbide 33 it* United Corporation 9 •% V. S Steel -*% it" TVoolworth , Chicago Stocks Opening (Bv James T. Hamlll A Cos * —March 18— Bendix Avia 11 Oriasby Grunow 1 Cent So Wst... 2% InsuU com .... 1% Cent Pub Serv A 1% Middle West ... 1% Cues Ser 5% Swift Inti ..... 32 Cont Chi com.. 1% U S Qvosum 23 Cont Chi pfd... 18%:Ot A Indus com 2% Comm Edison .. 91% Zenith Radio .. % Chao Sec 4%l In the Air Weather conditions at 9 a. m.: Southwest wind, 9 miles an hour; temperature, 34; barometric pressure, 29.99 at sea level; ceiling, clear, smoky, unlimited; visibility, 3 miles; field, good. RAW SUGAR PRICES March 17— January 5 97 #6 March 1.92 1.91 192 Mav 76 .75 .76 Julv 13 .62 .62 September 96 .89 89 December 95 .94 .95

New York Stocks <Bv Thomson 4t McKinnon* ———————

- March 18— Railroad*— PrV. High Low. 11 no clear. Atchison 78 H 78% 78 % 78% Atl Coast Line., • 24% Balt ft 0hi0.... 15% 14’, IS 15% Chera A Ohio ... 20% 19% 19% W% Chraa Corn 14’., 13% 13% 14% Can Par 18% 15% 14% 16% Chi N West 4% * 8 B'a C R I At P 11 10% 10% 10% Del Lk W 19% 19% Del k Hudson. 73 73% Erie . . . ’% 7% Great Northern 15% 18 18 18 Illinois Central . 13 12% 12% 13 Kan Cltv So 8% Lou & Nash.... .. ... .■• 22% M K A T 5% % Mo Pacific 7% 6% 7 7% Mo Pacific old.. 15’, 15 15 16% N Y Central 28% 27% 27% 28% Nickel Plate *% NYNH AH , 21% 20% 21 22% Nor Pacific 18% 17% 17% 17% Norfolk A West 119 117 O it W . .. • 7Vs Pennsylvania .. 17% 17 17V IS Reading 28 Seaboard Air L.. .. ... ... % So Pacific 24% 23% 23% 24% Southern Ry .. 8% 8 8 8% St Paul • 2% St Paul pfd * 3Va 3% St L A 8 F ... 4 Union Pacific.. 76% 74% .4% 76% Wabash 2% 2% W Maryland *% 8% Equipment*— Am Car k. Fdy. 7% Am Steel Pd . *>% 8% 6% B’, Am Air Brake S 13% Gen Am Tank,. *3% General Elec ... 20% 19% 19% ... Lima Loco 10% Pullman 20% 20% 20% 20% Westingh Ar B . ... 4% Westingh Elec.. 27% 26’, 26% 28', Ruhbera— Firestone 32% Flak % % Goodrich 4% Goodyear ... 18% 18% Kelly Sprjfid ..2 1% 1% 2 Lee Rubber U S Rubber 4% 4% Motors— Auburn 90% 89 89% 92% Chrysler 11 30% 10% 10% General Motors 18% 38% 18% 19 Graham-Palge 2% 2% Hudson .. ••• ••• ”% SSt: :: ::: 4 “ShT:: s Packard 3% 3% 3% 3% Pierce Arrow Studebaker 9% 9% White Mot 11 10% Yellow Truck ... 3% 3% Motor Access— Bendix Aviation. 11% 10*, 10% 11% Bora Warner .... ... 10% 10% Briggs .. ... 9% 9% Budtr Wheel ’. 3 Eaton ... ... 6% i El Auto Lite ... 26’, 26 26% 26*, El Storage B .... 27% Hayes Body ... ... 1% Honda ... ... 3% Motor Wheel ... ... 5 Murray Rpdy 8% Sparks W 2% 2% Stewart Warner. . ... 5 5 Timkin Roll 19% 19% 19% 19% Minina — Am Metals 4% 4'/* Am Smelt ... 13% 13% Am Zinc ... ... 2% Anaconda Cop.. 9% 9 9 9% Alaska .Tun .... 15 14% 14% 13% Cal k Hecla .32% 32% Cerro de Pasco .. ... 10% 11 Dome Mines ... 10% 10% Freeport Texas.. .. ... 18V, 17% Oranby Corp 5%, 6 Great Nor Ore 11% 11% Int Nickel 8% 8% Inspiration ... 32% Isl Crk Coal 15 Kennecott Cop. 9% 9% 9 , 9% Magma Cop 7% 7% 7% 8% Miami Copper.. 3% 3% 3% 3% Nev Cons 4% 4Vi 4% 4% Noranda 15% 15% 15% 16% Texas Gul Sul.. 22% 22 22% 22% U S Smelt 16% ... Oils— Amerada ... 14 14 Am Republic .... ... ... % Atl Refining ... 11% 11V* 11% 11% Rarnsdall 4% Beacon 10% Houston ... 4 % 4% Mex Sbd 8% 8% 8% 8% Mid Conti 5Va 5% 5% 5% Ohio Oil 6% 6% 6% 6% Pan Amer B ... 17% ... Phillips 5 Vi Prairie Pipe 8 8% Pr OH At Gas 6 6% Pure Oil 4% Royal Dutch 18% Shell Un 3Vi ... Simms Pt 4% Sinclair 6 6% Standard of Cal 26 25% 25% 25% Standard of N J 29% 29% 29% 29% Soc Vac 9’/, 9% 9% 9% Texas Cos 12 11% 11% 12 Union Oil .... i2Vi Steel*— Am Roll Mills.. 11 V a 10% 11 % 11 Bethlehem 19% 18V 2 18% 19% Byers A M 15% 15% 15V, 15% Colo Fuel 7 7 Inland 20 Ludlum ... 4 ■% 4% McKeesport, Tin 51 50 50 51% Midland 5% Repub I k S 5 U S Steel 43% 42% 42V, 4fe% Vanadium 15% 15% 15V, 15% Youngst S * T.. 14 Tobaccos— Am Sumatra 4% Am Tob (A l new . 81 Am Tob iB) new 84V, 82 82% 84 Lig k Myers B 57% 57 57 57% Lorillard 16% 15% 15% 16 Phil Morris 9% Reynolds Tob 37% 38% Utilities— Abitibi 2% Adams Exp 4Vi 4% Am For Pwr 6 5% 5% 6 Am Pwr k Li... 15 13Va 13% 14% AT&T 122% 120% 120% 123% Col C.as k E 1... 14V, 13% 13% 14% Com k Sou 4 3% 4 3% Cons Gas S3 7 , 62% 62Va 64 El Pwr &Li 11% 10% 10% 12% Gen Gas A 2 1% Inti T k T 9 8% 8% 9% Lou Gas A E 1... 21% Natl Pwr A Li.. 14% 13% 13% 14 No Amer Cos 36 '34% 34% 36 Pac Gaß AEI 34% 34% Pub Ser N.l ... 55% 54% 54% 58 So Cal Edison 30% 31% Std GA El 29% 28% 28 V, 29% United Corp .... 8% 8% 8% 9 Un Gas Imp ...-20 19% 19% 20% Ut Pwr ALA.. 6 s’/, 5% 6 West Union .... 40% 39V, 39% 42 Shipping— Am Inti Corp .. 7% 6% 6*, 7% N Y Shin 4% No Gm Lvold 6 United Fruit. ... 25% 34% 24% 25% Foods— Armour A 1% j% Cal Pkg 9% ... Can Dry ' 12% Childs Cos 4Vi Coca Cola 115 114% 114% 116 Cont Baking A 5% Corn Prod 43% 44 Crm Wheat 22% Cudahy Pkg ... ... 34% Gen Foods 38 37*, 37\ 38 Grand Union .. . 8% Hershev 79% 79% 79% 79 Jewel T*a ... 33 Kroger 16% .16% Nat Biscuit 42’, 42 42 43% Natl Dairy 28V, 27% 27% 28% Purity Bak 13 12% 12% 13% Pillsbury 20% 20% Saleway St .... 55% 53% 53% 55% Std Brands ... 13 131, Ward Bkg 2 nrugs— Cotv Inc ... . . , 3% Drue Inc 52% 51% 51% 52’, Lambert Cos 48Va 49', Lehn A Fink ... ... 22 Industrial*— Am Radiator ... 6% 6% 6% <ji; Certainteed 2% Gen Asphalt ... 12% 12% Otis Kiev 19% 18 18 19% Ulen j Indus Chem*— Air Red 58 56% 56% 57% Allied Chem 78% 76% 76*, 79 Com Solv 8% 8% 8% 8% £u Pont 50% 48% 48% 50% Union Carb 32 33% 32% 33 U S Ind Alco .. 27% 26% 36% 27% Retail Store*— Assoc Dry Gds 5 5 Gimbel Bros 1% Kresge S S 14% 14% May D Store ... .. 17% Mont Ward 9% 9% 9% 9% Penny J C 32*4 33% Sears Roe .... 31% 31 31 31% Woolworth .... 42% 41% 41 s , 42% Investment Trust Shares (By Gibson A Bernard* PRICES ARE TO 12 NOON C. S. T. —March 18— . _ . Bid. Ask. Am Founders Cora com % 1 Am A Gen Sec A 7 10% Am Inv Tr share* 2% . . Basic Industry shares 2% . Collateral Trustee shares A.... 4 , Cumulative Trust shares 3% s’. Diversified Trustee shares A... 7% ... Fixed Trust Oil shares 3% ... Fixed Trust shares A 7% ... Fundamental Trust shares A.. 3% 4% Fundamental Trust shares 8.. 3% 4% Leaders ol Industry A 3% .. Low Priced shares 3% 3% Nation Wide Securities 3% 3% Selected American shares .... 2** 2*, Selected Cumulative shares.... 6 6% Selected Income shares 3% 3% fhawmut Bank Inv Trust 2% 3% td Am Trust shares 3*, 3% Super Cora of Am Trust shares 3% 3% Trustee Std Oil A 3% ... Trustee Std Oil B 3% 3% U S Elec Light A Power A... 17 19 Universal Trust shares 2% 3 New York Bank Stocks IBv Thomson A McKinnon) —March 17— _ , Bid. Ask. Rankers 61% 63% Brooklyn Trust 340 350 Central Hanover 145 149 Chase National 39 41 Chemical ;; si% 34% Cltv National 49% 51% Corn Exchange 61 64 Commercial 159 158 Continental 16 18 Empire 34% 2**4 First National 1.720 1.820 Ouaratwv 301 306 IrvineP 19% 20% Unhi>4en A Cos 31% 33% Manufacturers 31% 33% New York Trust 89 % 92% Public 28 34

Amusement.— Eastman Kod .. 75 74% 74% 77 Fox Film (At... 3% 3% 2% 2% Grigsby Grunow , . it, Loews Inc 29 28% 26% 29% Param Fam 8% 7% 7% 7’, Radio Corp .... 7% 7% 7% 7% R K 0 3% 3% 3>, 3% Warner Bros . 2% 3% 2% 2*. Miscellaneous— Congoleum 9% Proe A Gam 39% 39 39 39% Allis Che] . ... 10% Amer Can ... 66% 64 64 67 •I I Ca* 35% .73% 33% 35% Corn Can . 37% 37% 37% 33 Curtiss Wr {% 1% 1% 1% Gillette 8 R ... 20% 19% 19% 20V, Gold Dust is 18% Int Hsrv 23% 22% 22% 2J% Int Bus M 107 Real Silk 4% 4% Un Alrcrft 1.7 12 12 12% RECORD INCOME REPORT ISSUED American Tobacco Net for 1931 Shows Gain. Ry T flitrri Pr*** NEW YORK. March 18.—The American Tobacco Company earned a record net income in 1931, the company’s annual report revealed today. Profit for 1931 was $46,229,527 before fixed charges and preferred dividends and balance applicable to common and common B stock was $43,027,759, equal to $9.08 a share on the combined 4,740,904 shares, against profit of $43,294,769, or $8.56 a share on the combined shares in 1930. Current assets as of Dec. 31, 1931, were $140,100,456. and current liabilities were $14,701,836, against $150,187,711 and $13,996,594, respectively on Dec. 3. 1930. Cash amounted to $26,810,061, against cash and call loans of $24,101,551 at the end of the previous year. Bright Spots of Business By United Pres* NEW YORK. March 18. —Confidence in the future of the automobile industry was expressed today by Allred P. Sloan Jr., president of the General Motors Corp., in connection with the annual report. WASHINGTON Credit condition* throughout the eniintrv continu'd In imgprove during the past week, according to figures released by the federal reserve hoard. CLEVELAND —February report of the Chesapeake A Ohio railroad showed net income of $1,470,462, compared with $1,165,612 in February. 1931. NEW YORK—Retail trade Ihis week showed improvement over recent weeks, according to reports from fifty-five leading cities to Bradstreet’s. CHICAGO—March earnings of Chicago Great Western railroad are showing a continuation of the more favorable trend which set in last month when improvement over January was shown, it was reported. HOUSTON. Tex.—Houston Lighting & Power Cos. reported net income for the. year ended Jan. 31 was $3,395,383, compared with $3,147,312 in the preceding fiscal year. CHlCAGO—Directors of Sears Roebuck A Cos., today declared the regular dividend of 62% cents per share, payable May 2, of record April 8. Produce Markets Delivered in Indianapolis prices: Hens, heavy breeds, under 6 pounds. 13c; hens, heavy breeds, 6 pounds up. 11c; Leghorn hens, lie: large springers and stags. 9c: Leghorn stags. 6c; cocks. 7c; Leghorn cocks. sc: ducks, large white, fullfeathered and fat. 12c; small. 6c; geese, full-feathered and fat. 7c. Eggs. No. 1 current receipts. 7@Bc. Butter. 26 027 c. Butterfat. 21c. These prices for healthy stock, free from feed, ouoted bv the Wadlev Company. By United Press CINCINNATI, 0., March 18.—Butter— Packing stock No. 1,18 c; No. 2. 11c; No. 3,8 c; butterfat, 18020 c. Eggs—Steady; cases included; extra firsts. 12c; seconds, 10c; nearby ungraded, 11c; duck eggs 18c; goose eggs. 65c. Live poultry—Thin and coarse stock sell only at hea'vy discount: fowls, 5 lbs. and over. 18c; 4 lbs and over, 19c: 3 lbs. and over. 19c; Leghorns. 3 lbs. and over, 15c; roosters, 10ccolored broilers. 1% lbs. and over. 20c; 2 lbs. and over. 22c; partly feathered, 12c; Leghorn broilers. 1% lbs. and over. 20c; 2 lbs. and over, 20c; black springers. lie; ducks under 3 lbs. sell at liberal concessions, ducks white. 4 lbs. and over. 16r; under 4 lbs.. 13c; colored. 4 lbs. and over, 16c; under 4 lbs.. 13c; capons. 8 lbs. and over. 23c; under 8 lbs.. 20c; slips. 15c; turkeys. No. 1 hens. 8 lbs. and over 30c; young toms No. 1. 10 lbs. and over. 22C. By United Press YGRK. March 18.—Potatoes— Market, steady; Long Island. *[email protected] Southern 5305.50 barrel; Idaho $2 sack: Bermuda [email protected] barrel: Maine sl®2 barrel: Canada 51.25fii2.50 barrel. Sweet potatoes—Market dull: Jer--5?-L^ askels -,, 25c@51 -25: Southern baskecs. 35@70c. Flour—Market. dull; spring patents. $4.40fir)4.60. Pork—Market, firm: mess. $lB. Lard—Market, steady; middle west spot. [email protected] per 100 lbs Tal--I^?.%~Marke - ouiet: snecial to extra. .02% (a ,02%c. Dressed poultry—Market. Quiet; turkeys. 15fiv30c: chickens. 20@27c: f0w1.4 IOMSc: broilers. 20fii29c; capons. 18fi/32c: ducks. 12@16c: Long Island ducks, 16@21c. Live poultry—Market, ouiet: geese. 10fi!15c: ducks. ll®19c: fowls. 21®23c: turkeys 20 ®23c: turkevs. 20@30c: roosters. 10c; chickens. 15fii25c: broilers. 12fii25c; canons. 16®30c. Cheese—Market. auiet: state whole milk fancy to special. ll%@l9cvoung America. 13'fi'13%c. By l nilrd Press CHICAGO. March 18.—Ec*s- Market, firm; receipts. 17.218 cases; extra firsts 12%c: firsts. 12c; current recemts. 10%c: seconds. 10c. Butter—Market, steady receipts. 11.677 tubs; extras. 22%e: extra firsts. 31%fi?22%r: firsts. 21@21%c; seconds. 20®20%e: standards. 22%e. Poultrv —Market, weak: receipts, no cars in. 1 due: fowls. 15Vj@18c: springers. 22c; Leghorns. 15%e; ducks. 17fi?20c: geese. 12c; turkevs. 15®:22c: roosters. 11c; broilers. 22 fif23c: stags. I6'*c. Cheese—Twins. 11%© ll%e: voung Americas. 12@12%c. Potatoes —On track. 225: arrivals. 120: shipments. 1.147: market, weaker: Wisconsin Round Whites. 82%@90c; Idaho Russets. sl.4Q@ 1.45: Michigan Russet Rurals. 90c; Nebraska triumphs. $1.25fif1.40: Minnesota and North Dakota earlv Ohios. [email protected].

Local Wagon Wheat

City eratn elevators are pavine 44c for No. 2 red wheat and 44c for No. 2 hard wheat. Other Livestock By Unitrd Press TOLEDO, March 18.—Bogs—Receipts, 150; market, steady: lop. *4.60#4.70; mixed, $4.5047 4.60: hulk, $4.5045 4.70; pigs, $44? 4.25: light?. S4*> <.25 ; roughs, $3#3.50. Cattle—Receipts. 125; market. steady; calves, receipts, light: market, slow, steady. Sheen and lambs—Receipts, light: market, steady. By United Press PT. WAYNE. Ind.. March 18— Hogs— Market, steady to 10c. hieher; pigs. s4# 4.25; light lights. *4 35®4.50: lights. $4.50# 4 60; mediums. $4 45#4.55: heavies, *4 35# 4.45. Roughs. $3.50; stags. *2: calves, $6.50®7; lambs, *6.50# 7. By United Press LAFAYETTE. March 18.—Hogs—liarket, slow, steady to strong: choice lights. *4.50; nothing done on others. Top calves—s 6. Top lambs—*7. By United Press CINCINNATI, 0.. March 18.—Hogs—Receipts, 2,300, including 520; held over, none; fairly active, strong to 10c higher; advance mostly on weights above 315 lbs.; spots 15c higher on hogs below 160 lbs.; better grade 160-250 lbs.. $4.75f5; mostly $5 on 225 lbs. down; 250-275 lbs., $4.60# 4 75- 275-300 lbs., *4.50# 4 60; 120-150 lbs., $4.25#4.40; sows steady, $3.25#3.50 mostly. Cattle—Receipts. 525: calves, receipts, 425; slow, generally steady: salable supply light: odd Tot? common and medium steers and heifers, 54.50#5.75; a few more desirable yearlings. s6# 6.25; cows in fair demand at 53.25®3.75: low cutters and cutters. S2#3; bulls. $3.75 down; vealers • bout steady; good and choice. $6.506 7 largely; lower gr<4e? mostly $5.50 down. Sheep—Receipts. A.IOO. Including 850 direct; about steady, salable supplv light: better grade wooled lamb* quotable s7.so#*: common and medium, 55®7; aged ewes, $3 down..

THE INDIANAPOLIS TIMES T

SWINE PRICES UNSETTLED IN EARLY DEALS Cattle, Calves Hold Steady and Strong; Lambs Weak. For the flrst time in several years buyers and sellers were unable to get together on a price for hogs at the city yards this morning. Bidders offered to buy at prices steady with Thursday’s last figures, but sellers held out for a 10-cent premium over previous quotations. Result was a deadlock with nothing done during the first several hours. Hog receipts were estimated at 4,000: holdovers. 95. Cattle were steady with receipts of 500. Vealers held unchanged at $7 down. Calf receipts numbered 500. Indications pointed to a lower range in lambs. Good and choice kinds were sold at $7 to $7.75. Receipts were 700. At Chicago asking was generally 10 cents higher on hogs. Most early bids were steady to strong. Weights of 170 to 220 pounds sold for $4.70 to $4.75; best‘held to $4.83 or above; 220 to 230 pounds, $4.60; 260 to 310 pounds, $4.35 to $4.50. Receipts were 15,000, including 4,000 direct. Holdovers were 7,000. Cattle receipts were 2,000; calves, 500; market strong. Sheep receipts, 8,000; 25 cents higher. HOGS March Bulk. Earlv Top. Recrlpl*. 11. $4.50® 4.90 $4.90 6,000 12. 4.40© 4.85 4.90 2.500 14. 4.50# 4.90 4.90 3,500 15. 4.40# 4.80 4.80 5.000 16. 4.30# 4.70 4.70 4.000 17. 4.30# 4.70 4.70 4.000 18. 4.30# 4.70 4.70 4,000 Receipt*. 4.000; market. iteiitT. (140-160) Good and choice $ 4.55# 4.65 —Light Lights—-(l6o-1801 Good and choice 4.70 —Light Weights—-(lßo-200* Good and choice... 4.70 (200-220* Medium and g00d... 4.65 —Medium Weights—-*22o-250* Good and choice.... 4.55# 4.65 (250-290* Medium and g00d... 4.40# 4.50 —Heavy Weights—--1290-350* Good and choice... 4.20# 4.40 —Packing Sows—-(3so-500* Medium and g00d... 3.25# 4.00 (100-130) Slaughter pigs 4.35 CATTLE Receipt*. .400; market, steady. Good and choice $ 6.00# 8.50 Common and medium 3.50(2! 6 00 (1,100-I,Boo* Good and choice 6.25# 8.50 Common aid medium 4.50@ 625 • —Heifers— Good and choice 5.25® 6.75 Common and medium 3.00# 5.25 —Cws— Good and choice 3.25# 4.25 Medium 2.75# 3.25 Cull i.nd common 1.50# 2.75 —Bulla (yearlings excluded) — Good and choice beefs.. Cutter, common and medium.. 2.00# 2.75 CALVES AND VEALERS Receipts, 500; market, steady. —Vealers— Good and choice $ 6.50# 7.00 Medium 4.00@ 6.00 Cull and common 3.00# 4.00 —Calve*— Good and choice 4.00# 6.00 Common and medium 2.50# 4.00 —Stockers and Feeder Steers— Good and choice 4.50# 6.00 Common and medium 3.50# 4.50 (600-1,500* Good and choice 4.50# 6.00 Common and medium 3.50# 4.50 SHEEP ANI> LAMBS Receipts, 700; market, steady. Good and choice $ 7.00# 8.00 Common and Choice 4.50® 7.00 Ewes, medium and choice 2.25# 3.50 Cull and common 1.25# 2.25 Other Livestock By United Brtss CHICAGO, March 18.—Hogs—Receipts, 15.000; including 4,900 direct; steady to 10c higher: light kinds up most; 170-210 lbs., $4.65#4.80; top, $4.85; 220-250 lbs., [email protected]; 260-320 lbs.. [email protected]; 140160 lbs., [email protected]; pigs, [email protected]; packing sows, $3.70#4; light lights. 140-160 lbs., food and choice. $4.60®4.80; lightweights, 60-200 lbs., good and choice, $4.65#4.85; medium weights, 200-250 lbs., good and choice. [email protected]: heavyweights, 250-350 lbs., good and choice. $4.25#4.55; packing sqws, 275-500 lbs., medium and good, $3.70 #4.10; slaughter pigs, 100-130 lbs., good and choice, [email protected]. Cattle—Receipts, 2,000; calves. 500; fed steers and yearlings slow; small supplies better grades steady; common and medium offerings weak to 25c lower than high time Thursday; butcher she stock and vealers about steady; best weighty beeves, $7.75; slaughter cattle and vealers: Steers, 600-900 lbs., good and choice. $6.50#8.75; 900-1,100 lbs., good and choice. [email protected]; 1,100-1,300 lbs., good and choice, $7#8.75: 1,300-1,500 lbs., good and choice. $7#8.75; 600-1.300 lbs., common and medium, $4.75087; heifers. 550850 lbs, common and choice. $5.50#7; common and medium. [email protected]: cows. g<sod and choice. [email protected]; common and medium, [email protected]; low cutter and cutter cows, $1.75#3; bulls, yearlings excluded, good and choice beef. J3.25@4; cutter to medium. [email protected]: vealers. milk fed, food and choice, [email protected]; medium, *4© ; cull and common, $2.50#4; stocker and feeder cattle: Steers, 500-1,050 lbs., good and choice. [email protected]; common and medium, $3.75#5.25. Sheep—Receipts, 8,000; slow, mostly steady with Thursday’s extreme decline: good to choice wooled lambs. $6.75®7.25 to packers; sorted kinds held around $7.50 and above; slaughter sheep and lambs; Lambs, 90 lbs. down, good and choice, $6.75®7.65; medium, 55.75 #6.75; 91-100 lbs., medium to choice, $5.50 #7.50; all weights, common. $5#5.75: ewes, 90-150 lbs., medium to choice, *3# 4.50; all weights, cull and common. $1.75 #3.50; feding lambs, 50-75 lbs., good and choice, $5.50#6.

By United Press EAST ST. LOUIS. March 18.—Hogs Receipts, 6.000; market. s#loc higher; top. $4.65; few lots. *4.70; most 140-220 lbs.. *4.50#4.65: 230-290 lbs.. $4.35#4.45: 100-130 lbs.. *4#4.40; sows largely 3.50# 3.75. Cattle—Receipts. 600; calves, receipts 400: market hardly enough on sale to make s market; vealeis 25c lower at *6.25 down; other classes about steady in dull, cleanup trade; few mixed yearlings and heifers, $4.50#5.50; cows. $2.75#3.50; low cutters. $1.50#2: top sausage bulls quotable upward to *3.25 Sheep—Receipts, 1.200: market. few choice wooled lambs to city butchers steady at 7.25: no sales to packers: asking fully steady. By United Press PITTSBURGH, March 18.—Hogs Receipts. 1.500; market, active to 10c higher: 160-200 lbs.. $5#5.10: 210-240 lbs.. $4.80# 5: 250-310 lbs.. *4.50#4.75: 120-150 lbs.. $4.75#5: packing sows, $3.50#3.75. Cattle —Receipts. 30; market, little changed; medium grade steers quoted. *5.5006.80; medium heifers. *4.75 0 5.50; medium and food cows. $3.25@4 35. Calves—Receipts. '.5; maiket slow, bidding lower on vealers, $6.50 0 7.50 for most better grades. Sheep —Receipts, 500; lambs, steady to strong; good and choice wool lambs, *[email protected]; shorn lambs, *6.2506.75. By United Press EAST BUFFALO.. March 18.—Hogs—On sale, 260; fairly active to packers; generally strong to 15c higher; weights above 220 lbs., up most: desirable 160-220 lbs., $5 to mainly *5.10 and *5.15; mixtures with light weight end. *4.80 0 4.95 ; 230-260 lbs., 84.6505: 300-325 lbs.. $4.25 0 4.40; pigs and underweights. $4.7505. Cattle—Receipts. 223: steady, medium steers and cows. $5.350 5.50; cutter cows, $1.7502.50; extremely shelly kinds. *1.50 and under: calves, receipts. 75P; vealers, 50c lower; good to choice, *7.5008: common and medium. *4# 6. Sheep—Receipts. 1.500; lambs, steady to 35c over: better grade showing decline: good to choice wooled lambs. *7.50 08: mostly $7.75: common and medium. $6.50 0 7.75: little done on clippers; indications *7 down. By United Press CLEVELAND. March 18 —Hogs—Receipts. 500: holdover. 159: uneven, steady to 10c higher; 160-330 lbs., 84.8505; talking $4.5004.75 on 338-300 lbs. kinds, also on light lights and pigs. Cattle—Receipts, 100; steady; cutter to medium steers, $4.2506; bulk. $5.3505.40; sausage bulls, *303.75 or above; calves, receipts, 250; draggy, weak to 50c lower; medium ter choice vealtr mixtures, 56.5007; best, *7.50 or above aparlngly. Sheep—Receipts. 1.200; around steady: asking towards. J 6.75 on choice clippers; toppy wooled skins sesree. By Times Special LOUISVILLE, March 18.—Hogs Receipts. 650: 10c higher; 175-235 lbs.. *4.75: 240-395 lbs.. $4.45; 300 lbs. up. $3.85; 175 lbs. down. 53.95; packing sows. 52.850* 3.60: stags. 52.60 ooWn. flattie —Receipts. 300: market steady: bulk slaughter steers and heifers. 405.50: top. 56; slaughter <cos and bulls. $3.25 down; light stockers 'mostly. $5 down. Calves—Receipts. 350: market stoadv; top vealers. *5.50: throwouts. 4 down. Sheep and lorobs —Receipts. 50; market, ateadv; heavy fit lambs. $6.25; buck lambs. *5.25: throwout*. $3.50 down: fat ewes. $2.50 down. Thursday’s shipments: cattle. 27; calves. 828, and hogs. UL.

Dow-Jones Summary

Roose Brothers. Inc., declared the dividend of 66 cents on common stock and regular Quarterly dividend of $1.82 on preferred. both pavable May 1, of record April I*. Bi* Franrlte* hank declared the regular Quarterly dividend of HO a altars and a papal extra dividend of 875 a ahare on capital atoek. both payable April 1, of record April 1. Pennsylvania railroad in 1931 earned $1.48 a share, against $5.28 in 1930. New York cables opened in London at 3.61%. against 3.81%: Paris, checks. 91.875; Amsterdam, 8.98; Italy, 10.083, and Berlin, 15.218. Allied Chemical and Dye Corporation and subsidiaries in year ended Dec. 31. 1931. reported net income at 818,913.510 after , depreciation, federal taxes, etc., equal after preferred dividends to 86.74 a share on 3.401.388 common shares outstanding at end of year, against 835.103.539. or $9.77 a share on 2.388.980 common shares in 1930. Standard Oil Cnmpanv ftf Kentucky year ended Dec. 31. 1931. shewed net profit of 83.332.183 after taxes, depreciation. wte.. againtt 55.%58.181 in 1930. American Light and Traction in 1931 earned $2.09 a common share. against $3.44 In 1930. Kelsey Hayes Wheel Corporation in 1931 showed net loss amounting to $667,228 after charges, against net profit of $2,262.222 in 1930. Consolidated Company and subsidiaries in year ended Dec. 31. 1931. reported net loss totaling $2,795,013 after interest, depreciation, depletion, preferred dividends of Carter Coal Company, etc., against net loss of $131,868 in 1930. Glen Alden Coal Company omits Quarterly dividend of sl. due at this time. City Investing Company declared the regular Quarterly dividend of $1.75 on nreferred stock, payable April 1. of record March 38. Philip Morris A Cos.. Ltd., declared ihe regular Quarterly dividend of 25 cents, payable April 15. of record April 1. American Tobacco Company In year ended Dec. 31. 1931. showed net income of $46,189,741 after federal taxes, depreciation and interest, eoual after 6 per cent preferred dividends to $9.07 a share on 4.740,905 shares of combined common and common B stocks outstanding at end of' year. National Carbon Company declared the regular Quarterly dividend of $2 on preferred stock, payable May 2. of record April 20. I Continental Roll and Steel Foundry Company in year ended Dec. 31. 1931. reported net loss amounting to $113,590 after taxes, depreciation, interest, etc. against net profit of $751,265 in 1930. Kansas Gas and Electric in twelve months ended Jan. 31. 1931. showed net income of $1,242,663 after taxes, interest, deprecation, etc., against $1,427,187 in preceding twelve months. Federal Knitting Mills in 1931 earned $4.08 a share, against $4.53 in 1930. Jefferson Electric Company in 1931 earned $1.99 a share, against $2.08 in 1930. Flour Mills of America declared the regular quarterly dividend of $1 on the series A cumulative preferred stock, payable April 1, of record March 17. Southern Railway in Janyary reported net loss of *1,202.862 after taxes and charges, against net loss of $597,744 in January, 1931. In the Cotton Markets lßy Thomson A McKinnon) NEW YORK, March 17.—There was no particular features to the cotton market this morning. During the forenoon prices were two or three points higher than Wednesday. In the early afternoon the slight advance had been lost. Local professionals were selling at New Orleans, because outside markets were lower, but in most cases the sellers were cautious. There was just enough trade buying to keep the market steady. As far as general textile news goes, it seems to be better. Cotton is holding its own at a time when liquidation appears to be the rule, and we expect prices to advance when more is known of acreage reduction and poor fertilization. CHICAGO High. Low. Close. March 6.91 May 7.05 6.96 7.02 July 7.22 7.13 7.19 October 7.41 7.33 7.37 December 7.56 7.51 7.56 NEW YORK January 7.58 7.54 7.57 March 6.85 6.81 6.85 Mav 6.95 6.87 6.93 October 7.33 7.26 7.31 December 7.52 7.45 7.49 NEW ORLEANS High. Low. Close. March 6.82 6.32 6.82 Mav ....a 6.95 6.86 6.95 Julv 7.11 703 .7.11 October 7.31 7.23 7.31 December 7.48 7.43 7.47 New York Liberty Bonds —March 17Liberty 3%5. ’47 98.29 Liberty Ist 4%5. ’47 100.8 Liberty 4th 4%5. ’3B 100.20 Treasury 4%5. ’52 103.4 Treasury 4s, ’54 100.24 Treasury 3s ’55 89.30 Treasury 3%a, ’56 97.5 Treasury 3%5, ’47 94.12 Treasury 3%5, ’43, March 95.3 Treasury 3%5. ’43, June 95 Treasury 3%5. ’49 92.3 Births Girl* George and Lois Beckart. 2915 Cornell. John and Thelma Burge, Coleman hospital. La Verne and Nellie Cornthwaite, Coleman hospital. _ . Irwin and Apolloma Nelson, Coleman hospital. , _ , Skyler and Flossie Vawter, Coleman hospital. Roy and Edna Kemp, 1423 Holiday. Broadus and Edith Deal, 1810 East Sixty-eighth. Leslie and Mildred Allen. 1201 Bacon. Chester and Edna Albertson, 1026 South Belmont. Boys Walter and Maggie Curran. Coleman hospital. Virgil and Dorothy Decker. Coleman hosn! Arnold and June Fisher, Coleman hospital. George and Sadie Smith, Cbleman hospital. Clarence and Eva Headrichs, 1526 Finley. Deaths Alice C. Bird, 64, city hospital, carcinoma. , „ , , t Leon Jarvis, 13, Riley hospital, lobar pneumonia. August Krome, 90, 1119 North Temple, chronic myocarditis. Annie Brown. 64, 3056 Boulevard Place, arteriosclerosis. Magdalena Lehrritter, 71, 1006 Lexington, arteriosclerosis. Elizabeth Sophia Quack, 86, 342 Harvard Place, arteriosclerosis. Christian Boesche, 80, 545 Coffey, arteriosclerosis. Ida Fitzpatrick, 34. city hosiptal. broncho pneumonia. Richard James Thompson. 20, 5052 Graceland. pulmonary tuberculosis. James B. Watson, 66. 911 St. Paul, chfbnie nephritis. Jennie Lamb, 79. 2902 North Illinois, arteriosclerosis. Burt Cox, 53. Methodist hospital, peritonitis. Anna Mav Hancock. 18. city hospital, millarv tuberculosis Evart O. Day, 52. 1020 North Seville, mitral insufficiencv. Thelma Robb Harold. 2s, 5656 Indianola, pulmonary tuberculosis. John J. Orsbom 70, 1218 Alton, broncho pneumonia. Sarah E. Gary, 57, city hoaiptal, acute myocarditis. Andrew L. Hart, 49, 533 Ogden, pulmonary tuberculosis. Mary Worl, 36, Methodist hospital, acute cholangeitis. Geneva Maxine Broahears. 4, 418 North Holmes, broncho pneumonia. Building Permits Lew Wallace, repairs, 2456 Broadway, C. A. Casaday, addition. 5936 University, S4OO. M. Morris, repairs. 2166 Barth. 6700. W. P. Bruce, dwelling and garage, 867 Westfield. $6,200. W. O. Scull, garage. 3655 Sherman. S2OO. Kirkpatrick Building Company, garage, lit Westfield S2OO. NEW YORK COriTK RANGE —March 17High. Low. Close. March ... ... 6.20 Me* ... 6.10 Julv 6.07 6.06 6.07 September ... 6.03 December 6.04 6.03 6.02

GRAIN FUTURES SHOW UNEVEN TRADING RANGE Weak Securities Offset Strong Cables From Liverpool. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, March 18.—Wheat opened irregularly on the Board of Trade today with the strength at Liverpool giving March a good gam but the deferred months dragging. Liverpool was unexpectedly strong with declines there running into brisk demands. Southern hemisphere distribution was interpreted bullishly by the English market. Easiness in stocks was a deterrent locally. Corn was weak and oats easy with wheat. At the opening wheat was \ cent lower to % cent higher, corn was % to % cent lower and oats unchanged to 4 cent lower. Provisions were very slow but steady. Liverpool started lower but quickly reversed itself and at mid-after-noon was •'! cent to 1 cent higher. Com has been holding steady, largely because of the low price levels now obtaining. The country is offering freely and the cash demand is almost completely stagnant. This works against a constructive view of the situation. lowa and the northwest received snows overnight, but the rest of the belt has been clear. Traders in oats have been paying more attention to the other grains, especially rye. than the? have to oats. The latter grain firms up when the others improve. Chicago Grain Range —March 18WHEAT— Prev. Hiqh. Low. 11:00. close. Mav .57% .57% .57% .57% July .59% .59% .50% .59% S *£oßN 61% .61% .61% .61% May 36% ,36V* .36% .38'% July 41 .40% .41 ,41V* Sept, 42% .42% .42% .42% OATS Mav 24% .24% .24% .24% Julv 24% .24% .24% .24% Sept 25-% .25'/, .25% .25% Mav 47% .47 .47', .47% July 48% Sept 50% LARD— Mav 4.90 4.92 July 5.07 5.10 Sept 5.25 .... By Time* Special CHICAGO. March 18.—Carlots; Wheat. 14: corn. 115; oats. 57; rve. 1. and barley. 8. By Times Special CHICAGO. March 17. —Primary receipts: Wheat 384.000. against 933,000; corn 428,000, against 527,000; oats 144,000, against 226.000. Shipments Wheat 218.000, against 582,000; corn 176,000, against 532,000; oats 122,000, against 294,000. By United Pres* CHICAGO, March 17.—Cash grain close: Wheat—No. 3 red, 54%c; No. 2 hard, 55c; No. 2 mixed, 55%c: No. 3 mixed, 53%@ 54%e. Corn—No. 3 mixed, 32%@33%c; No. 2 yellow, 35c; No. 3 yellow. 32'%# 34c; No. 4 vellow, 31%®32c; No. 2 white, 36%c: No. 2 white. 33%#34c: billing difference: No. 2 mixed, 33%c: No. 3 mixed. 31 Vic; No. 3 vellow, 32#32%c. Oats—No. 2 mixed, 23c: No. 2 white, 33%#24%e; No. 3 white. 32@23%c. Rye—No sales. Barley—42® 63c. Timothy—s3#3.2s. Clover—s9#l3.7s. By United Pres* TOLEDO. March 17.—Cash grain: close; grain in elevators, transit billing. Wheat —No. 2 red, 58#59c. Corn—No. 2 vellow, 37V 2 @38V 2 c. Oats—No. 2 white, 26%# 27Vic. Rye—No. 2. 47@48e; track prices 28%-cent rate. Wheat—No. 2 red, 53® 53Vic: No. V red. 1 cent premium; No. 3 red Vi to 3 cents discount; No. 4 red. 3 to 5 cents discount. Corn: No. 2 yellow. 33@33%c; No. 3 yeßow, 31%#r2Vi"c; No. 4 yellow. 29%#30%c. Oats—No. 2. 23%® 24c; No, 3 white, 22%#23%c. CloverPrime, $8.75: March. $8.75. Alsike—Cash, $8.75; March, *8.75. Butter —Pancy creamery prints, 27# 28c. Eggs—Extras, 10#10Vic. Hay—Timothy per cwt., 80 cents..

Cash Grain

—March 17— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41 Vic New York rate. were. Wheat—Easy: No. 1 red. 45@46c; No. 2 red. 44®<45c; No. 2 hard. 44#45c. Corn—Easy: No. 3 white, 25026 c; No. 4 white. 24#25c; No. 3 yellow. 24025 c; No. 4 yellow. 23@24c: No. 3 mixed, 23# 24c; No. 4 mixed. 22#23e. Oats—Steady: No. 2 white, 19%@20%c; No. 3 white. 18Vi#19Vic. Hay—Steady: (F. 0. b. country points taking 23%c or less rates to Cincinnati 01 Louisville.) No. 1 timothy, *7 0 7.50; No. 2 timothy. $606.50. —lnspections No. 2 red, 3 cars; No. 3 red. 1 car, No. 2 mixed. 1 car. Total. 5 cars. Corn (new)—No. 2 white, 1 car: No. 3 white. 1 car; No. 3 yellow. 33 cars: No. 4 yellow, 2 cars; No. 3 mixed, 1 car. Total, 28 cars. Oats—No. 2 white, 1 car; No. 3 white, 9 cars; No. I mixed. 1 car; No. 2 mixed, 1 car; No. 3 mixed, 1 car. Total, 13 cars. Brush This Off Painting Sold by Chicago Art Institute for SSOO Is Worth SIOO,OOO. f Btf United Pres* CHICAGO, March 18.—A canvas. “Just Before Sunrise,” .which hung in the Chicago Institute of Art for thirty-seven years, and then was discarded as ungenuine, today was declared hy Dr. Maurice Goldblatt, internationally recognized art critic, to be a true Corot, valued at SIOO,OOO. Curators of the institute -old the painting to the Chicago Athletic Association for SSOO, when they decided it had not been painted by the famous French artist. The Chicago expert said the work had been painted by Corot in 1870, and that he had traced it through three owners including the late A. A. Munger from whom it was obtained by the art institute. REGAINS STOLEN RADIUM Science Professor Warns of Burns Danger; Youth Heeds It. By United Press MEMPHIS, Tenn., March 18.—Dr. L. S. H. Gable, who passes out tubes of radium for inspection to his lecture audiences, today got back the tube which was stolen during one of his lectures several days ago. John Englehart, 16. leader in his high school science class, confessed that he took the tube to perform “scientific experiments.” He said that he had buried it in his back yard after Dr. Gable had broadcast the fact that it would impose incurable burns if it came into contact with the body. Students t Honor Goethe BLOOMINGTON, Ind., March 18. —As part of Indiana university’s observance of the centennial anniversary of the death of Goethe, famous Oerman scholar and author, scenes from the play, “Faust,” will be presented by members of the German department, Wednesday, March 23. The in the auditorium of Commerce hall, will be presented in German.

The City in Brief

SATURDAY EVENTS Alliance Franealte lnneheon, Washington. Engineering Seelety lnneheon. Board of Trade. Slalo haakelhall ♦onrney. Roller field house. Baltimore Jfc Ohio railroad today petitioned the public service commission for permission to discontinue agent service at Nebraska. Ind. Liederkranz men’s chorus will give a program of three numbers at 8 Wednesday night at the headquarters, 1417 East Washington street, followed by a playlet. “Singvoegelchen,’’ with a cast of four members. Institute of Ameriran Meat Packers presented employes of the Indianapolis plant of Armour & Cos. a pennant for plant operation safety during February, it was announced Thursday. No accidents causing a loss of time were reported for the month. John L. Rjelke, executive secretary of the society of alumni of Denison university. spoke on ‘Shanghai and China" at the luncheon of the Optimist Club at the Claypool today. H. K. Cuthbertson. public service commissioner, will speak on utilities at a meeting of the Scientech Club at noon Monday in the Architects’ and Builders’ building, Pennsylvania and Vermont streets. The fifth annual program given by the physical education students at Washington high school was attended by more than 800 persons at, the Washington gymnasium Thursday night. George H. Thomas W. R. C. will meet Monday afternoon at Ft. j Friendly, 512 North Illinois street. ! Following a short business session • an Easter entertainment will be given. Superior Judge Clarence E. Weir was to speak on “Judging a Lawyer’’ before the Grotto Luncheon Club today in Sahara Grotto, Thirteenth street and Park avenue. Operation of the criminal court will be discussed by Judge Frank Baker at a meeting of the Workers’ Nonpartisan Political Action League tonight at the English hotel. Dr. John H. Warvel discussed endocrinology at. a meeting of the Zoology Club of Butler university 1 Thursday night. The United States must eease its policy of isolation from the league of nations and co-operate with j nations striving to maintain world peace, Indianapolis Real Estate Board members were told Thursday by Dr. David M. Edwards, international relations council executive secretary. •HONEST BANDIT’ SATISFIED NOW Grand Jury Indicts Youth Who Confessed Robbery.' Penniless and footsore, a 17-year-old youth, occupying a cell at the county jail today, is convinced it’s a hard job to get arrested. He is Joseph Newton, 17, of 524 North Alabama street, who rode into Indianapolis recently from a Texas town, where authorities refused to arrest him for an alleged robbery here. “I told them I robbed a pal in Indianapolis,” Newton said, “but they wouldn’t hold me. Indianapolis police didn’t have the money 1 to come and get me.” he explained. With $l2O he had stolen from Walter Casper of 661 East Twentyfifth street, while Casper slept, Joe rode buses and hitch-hiked back to his home town to repent his crime. “Boy. they just didn’t want me,” ' he said. However, the county grand jury indicted Newton today on a robbery count. ARGUE WATER CASe! Utility Attorney Contends Rate Cut Confiscatory. Oral arguments in the Vincennes Water Supply Company hearing were heard today in federal court by Albert Ward, special master ’in chancery. Clyde Jones, former public service commissioner, and now attorney: for the Vincennes company, assailed the commission order for lower rates, charging “this order is confiscatory, no matter from what angle it is viewed.” The company is basing its fight for its present rates on the claim its property is worth more than $1,000,000. The commission, in ordering a rate slash, decreed a 5 per cent return on an “investment of j $800,000.” HUNT CROP MARKET Hyde Announces Drive to Unload Surplus Abroad. By United Prn§ WASHINGTON, March 18.—Secretary of Agriculture Hyde announced at the White House today that the government is planning an intensive campaign to unload the country’s surplus cotton and wheat supplies abroad. Hyde made the announcement after a meeting of the cabinet. He said that probably some of the $200,000,000 accruing to agriculture under provisions of the reconstruction finance corporation would be used in the campaign. CHAIN TAXES COLLECTED $615,873 in State Coffers to Date; OU Payments Held. Chain store taxes collected to ’ date amount to $615,873.92. it was announced today by L. O. Johnson, state collector. The total does not include large'payments by oil companies, which are held ip escrow pending decision on whet*r filling stations are within p wisiiffß of the t tax law. 1

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WAITER KILLED IN CAFE FIGHT; TWO ARE HELD Street Car Men Arrested After Knife Brawl in Alleged Speakie. One man is dead, another is wounded critically and four others are under arrest on felony charges today after a brawl Thursday night in an alleged speakeasy at 217 McCrea place. The dead man is Chris Nicholas, 38, of the Home hotel, a Rumanian waiter, and the wounded man is Vacile Steve, 38, a Macedonian. Homer V. Watson. 39, of 40 South State avenue, a street car motorman. faces a charge of murder as result of the fatal stabbing of Nicholas. Fred Ditlinger of 1715 Union street, another motorman. alleged to have participated in the knife battle, is charged with assault and battery and vagrancy. Held on Dry Charge George Petroff of 725 South Meridian street, operator of the case where the fight occurred, is held on charges of blind tiger and assault and battery. Mike Gitchoff. a Macedonian, alleged bartender for Petroff, was held on blind tiger charges. The fight started as the two motormen, both said by police to have been drunk, came into the case and ordered sandwiches. Gitchoff said he told them the case was closed for the night and no orders would be filled. He told police, both men refused to leave, demanding they be thrown out “if any of you are able." Petroff seized one of the men and pushed him toward the door, police said. According to Gitchoff, Watson then drew a knife and attacked Petroff. Gitchoff. Nicholas and Steven then grappled with the two motormen. Finds Knife in Street George Peck, 13. of 1707 Union street, told police Watson tossed aknife into the st’-cet as he fled. The youth recovered the weapon and gave it to officers. In statements to detectives, both* motormen claimed they often had bought liquor at the case and that they went th£re Thursday night for more. When all their money was spent, they told police, Petroff attempted to throw them out. Gitchoff explained his brother had adopted the name Vacile Steve. Often Arrested Gitchoff, arrested often and convicted several times lor liquor law violations, recently served four months in the county jail after conviction in federal court. Three months ago police squads raided the case with crowbars, axes and sledge hammers, literally ripping the place to pieces in a search for liquor. Damage was estimated by Gitchoff at S4OO. Nearly six months ago a squad dismantled a partition and found a cleverly concealed plant. Gitchoff was convicted of its ownership.

MURRAY CLAIMS ‘THEY GANGED UP ON ME’ Alfalfa Bill Points to Ballots Cast in Dakota Primary. By United Press SALINA, Kan., March 18.—Governor William H. Murray, “crusading for Kansas support in his candidacy for the Democratic presidential nomination, charged today that Republican and Democratic machines “united to defeat him” in his primary election race against Governor Franklin D. Roosevelt of New York. “There are 11,000 Democrats in North Dakota and 50,000 ballots were counted in the Democratic primary,” he charged. “It was the Republican and Democratic machines, backed by the federal marines, which beat me.” ‘COMEBACK’ IS STAGED BY OLD-TIME ACTORS “Down and Outers” Give Show; Soup Ditty “Wow* ’Em.** By United Press ST. LOUIS; March 18.— “ Uncle Billy” Ward, 60. whose minstrel show was nationally known at the turn of the century, has come back with twenty-one other down and outers, and produced another hit. “Ward’s Greater Minstrel Show* was revived Thursday night. The S2OO net proceeds went to the twen% ty-two principals, all destitute men who bunk in the municipal lodging house. i- #”01 The hit of the initial performance was a ditty about “Soup, soup, soup—just give a bowl of soup.” HUERTA NOW IS TEACHER Exiled Head of Mexico Instructs in Singing on West Coast. By United Press LOS ANGELES, March 18.—Adolfo de la Huerta, who twelve years ago controlled the destinies of Mexico, now teaches singing in Hollywood. The exiled former provisional president of Mexico lives by capitalizing on what was a hobby when he ruled the southern republic. He is content and has no political aspirations, he says.

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