Indianapolis Times, Volume 43, Number 272, Indianapolis, Marion County, 23 March 1932 — Page 11

MATCH 23,19322

STOCK MARKET SELLS OFF IN LIGHT SESSION Support Near Noon Brings List Up From Early Lows.

Average Stock Prices

Average of thirty industrial* for Tues--35. Average of twenty ra’ls *3 2i' Average of twenty utilities 32 • 15 - Average of forty bonds 80 62, up .20. BY ELMER C. WAL/ER I'nited Press Financial Editor NEW YORK. March 23.—The Ftock market gained meager support After an early decline today, but volume was light on the rally. At noon the list was irregular. Steel common, which touched 41 *i, off 1%, was back to around the previous close of 42%, while other leaders had all but wiped out their losses. News of the day was mixed. Car loadings rose in the week ended March 12, but still were sharply under a year ago. Oils Firm Up Oil statistics were unfavorable, but prices of gasoline firmed up, bringing in some buying in the oil shares, where Sinclair preferred made anew high for the year at 92, up 2. Department Store sales In the first two weeks of March were down 22.1 per cent from the 1931 period. Steel operations barely held at 25 per cent of capacity, while prices in some forms declined. American Telephone and .Telegraph, which was driven down to 117'St, came back to 118*4, off %. The issue lost 2'4 points Tuesday. Bonds Irregular Leading industrials which had been down fractions to more than a point, reduced their lows and so did utilities. Grains were lower with wheat off a cent a bushel in some positions. They steadied later in the day. Cotton futures eased off a few' points on weakness at Liverpool. Bonds moved irregularly with United States government loans the strong feature. German issues rallied after a break Tuesday, the latter having been caused by rumors of cessation of interest payments which were denied officially today.

Bank Clearings

INDIANATOLIS STATEMENT —March 23 Clearings S V22ToSo S2 Debits 4.467,000.p0 TREASURY STATEMENT —March 23 Net balance for March 21 * 7 ?f qo Expenditures ....... 19.279.963.9Customs rects. mo. to date.. -5,803,689.94

New York Curb Prices

(Bv Thomson St McKinnon) —March 23 ll:00| 11-0° Am Cvanamid . 4' a ;int Pete ....... 9 Am Gas At Elec 30'.. Midwest Util .. 1 Am Sup Pwr.. 3' f Mo Kan Pipe.. rt Ark Gas i A.) . . 1 7 h|Mt Prod * * Asso Gas El 2\ Nat Aviation .. 3 a Cities Service.. ss*5 s * Nia Hud Pwr ~ 6 rnr H 4'*!Penroad 2'i Deere’Ac'Co ... 7% Salt Creek .... 3^ F.l Bond A: Sh. 7%iStutz .......... H * Goldman Sachs 2%'Un Gas < AI .. j Humble Oil .... 43% Ut Pwr Hydro Elec ... B%!Un Fndrs 1 3

New York Bank Stocks

(By Thomson & McKinnon) Bid. Ask. Bankers ,35* -.i’ 4 Brooklyn Trust 230 240 Central Hanover 142 14b Chase National £8 ' ,?, 4 City National 48'; so a Corn Exchange .t® gg Commercialiis"; s " 1- /2 Continental ,2 First National L 665 1 Manhattan A- Cos an Manufacturers “ ' 27* New York Trust 55 Public 27

Investment Trust Shares

ißv Gibson <fc Bernard PRICES ARE TO 13 NOON, C. S. T. —March 23 Bid. Ask. Am Founders Corp com % 1 Amer and Gen Sec (Ai ® lu Am Inv Tr Shaves 2 * ... Basic Industry Shares 2 * ... Collateral Trustee Shares (At 4 4‘u Cumulative Trust Shares 3'* 3,4 Diversified Trustee Shares tAI 7 a ... Fixed Trust Oil Shares - ••• Fixed Trust Shares (A) • ‘ a ... Fundamental Trust Shares (A) 3‘- 4 Fundamental Trust Shares ißi 3-> 4' g Leaders of Industry <A> 3>s .... Low Priced Shares 3'* •.a Mass Inv Trust l® * Nation Wide Securities 3 B 3 2 Selected American Shares 2' 4 c.s Selected Cumulative Shares... s’* ®;> Selected Income Shares 3 * 3 4 Shawmut Bank Inv Trust 2’., Sh Std Am Trust Shares 3L. 3-* Super Corp of Am Tr Shares.. 3', 3-s Trustee Std Oil (A' 3 ... 1 Trustee Std Oil 181 3 3* It S F.lee Light and Power (A> lv 18-4 Universal Trust Shares 2- 3 Chicago Stock Opening ißv James T. Hamill A: Co.l —March 23 Bore Warner... 10 "isn't "fd .... Cord Corp .... 4’* Insul! 6s 40... R' Cont Chi com.. 1 Lib McNeil Prod TANARUS, Comm Edison.. 89 s * Middle West. ... i-a Orissbv Grunow 1 Swift Inti 2 Insull com .... I l * New York Liberty Bonds —March 22 Liberty 3'is 47 99.20 Liberty Ist 4s 47 99.23 Liberty Ist 4's 47 100.11 Liberty 4th 4 4 s 38 100.27 Treasury 4Ls 52 103. Treasury 4s 54 100.20 Treasury 3s 55 90.7 Treasury 344s 56 ?! 3? Treasury 3**s 47 94.28 Treasury 3 s *s 43 March 95.16 Treasury 3 3 ,s 43 June 95.20 Treasury 3>s 49 92.6 Other Livestock By United Pres* PITTSBURGH. March 23—Hogs—Receipts. 1,200: market steady; 160-200 lbs.. SSO 5.10; 200-240 lbs.. *4 75fc5; heavyweights, *4.5004.75; packing sows. *3.5004. Cattle—Receipts, 15; market. little changed; medium steers quoted around *5.3506.65; better kinds up to $7 and above. Calves—Receipts. 60: market strong to 50c higher; choice vealers, sß'.<jß.so. Sheep—Receipts. 1,250; market about steady; choice wool lambs upward to $7.75; spring lambs. 111 downward; good shorn wethers. $4.25 and below. By United Press TOLEDO. March 23.—Hogs—Receipts. 450: market, 100 15c lower: top, *4.704r 4R 0: mixed. $4 70"i 4.80: bulk. $4.70414.80; pigs. $4.2504.40; lights. 4.2564.40: roughs, $3 254?3.50. Cattle—Receipts, light; market steady. Calves—Receipts, light; market 50c higher; choice to extra. 80 8 50; fair to good. *7O 7.50. Sheep and lambs— Rfceips. light; market strong, steady. By United Pres* LAFAYETTE, March 25.-Hogs-Market, steady; 160-200 lbs.. $4.60; 200-225 lbs.. $4 55; 225-250 lb* , $4.45: 250-275 lbs.. •*4 40: 275-300 lbs. $4.30. 300-325 lbs., *4.15: 150-160 lbs.. $4.35: 130-150 lbs.. $4.20; 100-130 lb* 4: roughs. 3.75 down Calves— Receipt*. 50c higher, top. 6.50; top lambs. $7. Building Permits Joe Halgenberg, repaira. 513 Spring, 200, Joe E Kreglo. tanks and pump, northjest corner Keystone and Thirtieth, S3OO. iwM+Mwr, SO9Sr CHcoe, M*

New York Stocks " '8 Thomson At McKinnon) '

—March 33 Railroad*— Prev. High. Low. 11 00 close. Atehiaon 75% 75% 75% 76 All Coast Line ... 25% Halt it Ohio .. 15'* 15% 15% 15% Chesa St Ohio.. 20% 30 20% 20** Chesa Coro 14 Can Pac US 14% 14Va 14% Chi Grt West 3 Chi N West 8 8% C R It P 10' a Pel L4s W 19' i 19'a Erie 7% Erie Ist pfd 914 Great Northern 17 *4 17'* Illinois Central.. 14% 14 14’* 14',a Kan Cttv So 8 8 Lou St Nash 21% M K St T S'* Mo Pacific 6% Mo Pacific 0fd.... 16 N Y Central 28'. 28% 28% 28% N Y N H St H. 22% 22', 22'a 22% Nor Pacific ~ ... ... 16% Norfolk Si. West.. .. ... 116% .. O At W 7% 7'* Pennsvl’ nia .... 17', 17 17 17'/a Beat* - Air L • ■ So Pacific 23% 23’. Southern Ry 8% St Paul pfd 3% Union Pacific 76'* 76 W Maryland ... .. ... ... S'* West Pacific 2% Equipment*— Am Car At Friy.. *’* 6 6 6"* Am Locomotive.. .. ... ... 6% Am Steel Fd ... ... 6V* Am Air Brake Sh 12’* Gen Am Tank... 32', 32 32 32'/* General FJec . 18", 19'a 19' a 20 Gen Rv Signal.. .. ... ... 23% Lima Loco 10 Poor At Cos 3 Pullman ... 20'* 20 Westingh Ar 8.. .. ... . 13", Westingh Elec... 27% 26% 26’* 27 7 * Rubbers— Firestone ... . 12 Fisk ... ... ’.i Goodrich 4'/, 4 4'i, 3’, Goodyear 16V* 16Va Kelly' Sprgfld l’a Lee Rubber ... ... 2 U S Rubber 4% 4’i Motors— Auburn 87% 86% 88% 87 Chrysler 11 V 11 11 11 Vi General Motors.. 17’, 17’* 17% 8 Graham-Paige 2 Vi 3 Hudson 6 6 Hupp 3', 3 Vs Mack 15'* 15V* Nash 14Vi 14’* 14’a 14% Packard 3*4333 3% 3 s * Peerless 3'/a ... Reo 2 2 Studebaker ... 8 9 White Mot 10'a Yellow Truck 33 Motor Access— Bendix \viatlon .. ... ... 10 s * Borg Warner ... ... 10', Briggs 9 Vi 9 Vi Budd Wheel 2% Campbell Wy .. .. 6% Eaton ... ... 6% El Auto Lite ... . 25 s ., E! Storage B 26 s , 26% Haves Body ... l' I', Houda 3 Vi 3V, Murray Body .. .. ... 8% 8% Sparks-W 2 1 4 Stewart Warner. .. ... 4 4 Timken Roll ... 18 s * 19 Mining— Am Metals ... 3', 3Vi Am Smelt 13% 13 13 13 Am Zinc. ... 2' 3 Anaconda Cop . 8% B', B’t S’* Alaska Jun .... 14' 2 14% 14 s , 14'2 Cal A: Hecla 214 Cerro de Pasco 10V, 10% Dome Mines .. . . 10'* Freeport Texas.. 19% 19 19 18 7 a Great Nor Ore.. . . .. . . 111, Howe Sound .... 10'/, 10 10 10 * Int Nickel .;. 8 Ist Crk Coal 16 Kennecott Cop 8 1 4 8' 2 Magma Cop 6% Nev Cons 4 4% Noranda 15% 15'* Texas Gul Sul 22'a 22 U S Smelt 17 17 Oils— Am Republic ..... ... ... 1 Att Refining 1111% Barnsdall ... , 41 2 Mex Sbd gi/* BV* Mid Conti 51, . Ohio Oil ... .. fin Phillips S'* S' 4 SV S'* Prairie Pipe g% Pr Oil At Gas ... . 51. Pure Oil 4*. 41 Richfield % Royal Dutch ... 16% 15 s * 15 s * is 3 , Kv Un ., 3 ’< , 3 ’* 3 ' : jg Sinclair 6 5% *5% s’l Standard of Cal 24 s * 25 Standard of N J 28V* 28% 28 * 29 Soc Vac 9% gi' Texas Cos , 113. iia> Union Oil ... 12 s , 12% Steels— 8 8 Am Roll Mills . 97' Bethlehem 18V* 18% *ißVi, 18% Byers a M 15 15 Inland ,01/. Ludlum '4ll McKeesport Tin 50 49 s * 50 ‘56 Repub I & S 4% U S Steel 42% 41 Vi 42 42% Vanadium ... 15 15 Tobaccos— Am Sumatra. 41/. Am Tob <B| new .. ... 82 82'* Con Cigars 16 15 15 17 s . Lift Ac Myers (B) ... 56 Lorillard 15% 15 s * 15* 15% Reynolds Tob 37 V, 37 37 37 United Cig %„ IHilitics— Abitibi 2 Adams Exp ... 4% 41Am For Pwr ... 5 5 Am Pwr & Li... 13% 13% 13 7 ., 13 s ; A TAt T 118 117 s , 117V* 119 Col Gas A: E 1... 13% 13% 13% 4 Com At Sou 3 s * 33,. Cons Gas 2% 12% 12% 63 El Pwr A; Li.... 11% 11% U*% lit* Gen Gas A 1% 1% Inti T At T B s , 8% 8% 8% Natl Pwr A: LI.. .. 14 No Amer Cos 34 33% 33% 34 Pac Gas At El 34% 34 s * Pub Ser N J 55 8 So Cal Edison... 30% 30% 3<i% 30% Std GAt El 23'/* 27 s * 28 28'* United Corp gs* Un Gas Imp . 19 7 , 19%. 19% 193 Ut Pwr At L A.. 4 % 4% 4% 4 s s West Union ... 4039 s , 39% 40 Shipping— Am Inti Corp 5% 6% United Fruit ... 24'* 24 24 25 FmHs— Am Sug 22% 21% 21% 22 Armour A 1% 1 Armour Cal Pkg .. .... 9% Can Dry 12% Childs Cos 3% Cora Cola ... 115 Corn Prod 43% 43% Crm Wheat. 21 Cudahy Pkg 341, Cuban Am Sug. .. 1% Gen Foods 38 37% 38 38% Kershey .. . 79 ' K ro ßTr 16% 16% 16% 16% Nat Biscuit .. . 42V, 41 s * 41% 42% Natl Dairy 28%

Net Changes

By United Press NEW YORK, March 22.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. Allied Chemical 78’i ... '/ American Can unchanged. 66’ 4 ... American Telephone 119 .. Auburn ; 87 Bethlehem Steel 18 5 ..T */i Case unchanged33 l Chrysler n 1 * '* Consolidated Gas 63 ... ’>V Du Pont 49’ , ... * 8 Electric Power ip, ’i. General Electric 20 l 3 \. General Motors unchanged. 18 International Telephone ... S’ 1 * .. i, Kennecott 8' 2 Kreuger * Toll l'* [ i, Montgomery Ward 9>. >. N Y Central North American 34 3 S Pennsylvania 1714 i. Public Service 55 ' ” if Radio 71, " 1 Sears Roebuck 31 ' Standard Gas 2gi. 'i! Standard Oil N J 29 i, Texas Corp unchanged ll 4 Unton Carbide 32 n, U S Steel 42”, " i. Vanadium 15 i 4 VVestinghouse El 27’* ”* Woolworth unchanged 42” 4 ...

WATER CO. OFFERS SYMPATHY TO CITY

Utility Attorney Adamant, However, in Stand on Rate Cuts. (Continued From Page 1) mission has given them an extension of time for filing. Ransom also explained they have been busy preparing data to fight any rate reduction moves. But a rate reduction, at least covering the $l5O monthly minimum, looms, nevertheless. For Cuthbertson introduced exhibits of his own on this point today and more are to follow, he disclosed. Company witnesses were on the stand this afternoon and, at the close of the testimony, oral argument is to be held. The morning testimony was from township trustees and others regarding poor relief here. It included testimony of William E. Holmes* president of the Central Labor Shnion. that an average ot 68 per cent at orgaoim 4 unor-

Purity Bak 12% Safeway St .. 54 s , 54 s , Std Brands 13 12 s , 12% 13 Ward Bkg 1% Drug,— Cotv Inc 3'* 3 Drug Inc 51 s , 51% 51’* 52% Lambert Cos ... 46 s * 48% 46% 48 Indoatrials— Am Radiator 8% 6% Bush Term 18 17', Lehigh Port 4% Otis Elev 18 s , U!en 1\ Indus Chema— Air Red 56 55% 56 56% Allied Chem ... 78% 77% 77% 78% Com Solv ... 8 8% Du Pont 49 48% 48% 49% Union Carb ... 31% 32 U S Ind Alco ... 27% 26 s , 27% 27 Retail Store*— Assoc Dry Gd* 4% Kresge 8 8 14% 15 Mav D Store 16’, ... Mont Ward 9% 9% Pennv J C . . 32% 32 Schulte Ret St. 2% 2 2% ... Sears Roe 31V* 31 31% 31% Woolworth ... 42% 42% Amusement,— Eastman Kod... 76% 76% 76’* 77 Grigsby Grunow. ... 1 1 Loews tnc 29 28 s * 29 29 Param Fam 8 7% 7% 7% Radio Corp 7% 7% 7% 7% R-K-O 4 Warner Bros 2% Miscellaneous— Cltv Ice Ac Fu. 25% 26 Congoleum 9'% Proc St Gam. ... 36% 37 Allis Chat ... 10% Amer Can 65% 65%' 65% 66% J I Case 34% 34 34% 34% Cont Can 36% 36 36 36% Curtiss Wr 1% 1% Gillette S R.... 20% 19 s * 19% 20% Gold Dust 18Va Int Harv 22 20% 21 22V, Int Bus M 103 Va Real Silk 4% 4 4 Un Aircraft .... 12% 12% 12% 13 MISHAP COSTS HAND Amputation Is Necessitated by Elevator Accident. When he reached -for a piece of paper on the floor of a moving elevator Tuesday in the American Legion building, Clarence Hester, 32, of 838 West Twenty-eighth street, incurred a crushed right hand, which was amputated at the Methodist hospital. Hester, an employe of the Cornelius Printing Cos., had taken proofs to an office in the building. As he was returning to the main floor, he dropped a paper. Fearing it would slip through a crack between the elevator and shaft, Hester reached for the paper just as the lift passed a floor. His hand was caught between the elevator floor and the wall. Police took Hester to the hospital where his wife is seriously ill. She has not been told of the accident.

CROP LOANS SCOUTED AS AGRICULTURE AID Farm Bureau Head Declares Higher Prices Are Essential. “What the farmer needs now is money for what he produces so he can regain his place in the buying market and thus help the entire country begin the move out of the depression.” This was the solution to the economic difficulties proposed by William H. Settle, president of the Indiana Farm Bureau upon his return from Washington. Settle decried failure of the present congress to “do anything for agriculture” and asserted provisions made for crop loans” will not help the situation materially as they will tend to increase surplusses and lower markets. SCHOOL LOAN PLACED Six Indianapolis Banks Join in Handling Short Term Issue. A temporary loan of $400,000 was sold to six Indianapolis banks on Tuesday night by the school board. The banks, Indiana Trust, Indiana National, Merchants National, Fletcher American, Fletcher Trust, and Union Trust, submitted a combination bid. The school city will pay fi per cent interest on a ninety-day period. School loans for the year now total $1,025,000.

In the Air Weather conditions at 9 a. rrirt Southwest wind, 16 miles an hour; temperature, 33; barometric pressure, 30.19 at sea level; ceiling, high low. broken clouds, estimated at 5,000 feet; visibility, 8 miles; field, good. German Service Expands By United rrcss BERLIN, March 23.—The regular spring extension schedule of the Lufthansa, which will be extended further after April 1, will bring German air service connections with thirteen foreign countries and raise the total of German cities served to twenty-three. More than 8,500 miles will be flown daily over eighteen lines. Connection again will be established with Zurich on the Stuttgart - Frankfort - Hamburg line. Prague will be added and the service to the Balkans will be extended later, in the summer, to include Belgrade and Sofia, via Budapest. Mail and freight service will be operated twice a week via Vienna and Sofia, to Athens, where connections will be made with the Dutch and English lines to the Dutch and British Indies. This line will have a direct link with Berlin, thus giving a fifteen-hour schedule for some 1.500 miles of travel.

ganized labor in the city is unemployed. The city failed to get much evidence before the commission at the hearing Tuesday afternoon. It was objected to by Ransom. Only eight of eighteen exhibits prepared by A. H. Moore, city engineer, were admitted. No comparisons of rates with cities of similar size throughout the country will be considered, under the Cuthbertson rulings. Although when the commission was created it was with the idea that it was to be but a quasijudicial body and not bound by iron-clad rules like a court, appointment of lawj’ers as commissioners has caused almost all freedom in admission of evidence to be abandoned. Cuthbertson is a lawyer. Consequently he thought highly of the high priced New York lawyer’s objections that the city couldn’t present its case as prepared by the administration under direction of Edward H. Knight, corpora-

THE INDIANAPOLIS TIMES

SWINE DISPLAY LITTLE ACTION AT CJTYYARDS Dullness Pervades Cattle Trade; Sheep Prices Unchanged. Dullness was evidenced in all sections of the hog market at the city yards this morning. The bulk, 130 to 135 pounds, held at Tuesday's levels, *4.35 to *4.75; early top recorded at $4.75. Receipts *were estimated at 7.500; holdovers were 90. All cattle classes were less active than Tuesday, indications pointing to a somewhat lower market. Receipts were 1,300. Vealers advanced 50 cents, selling at $7.50 c’.own. Calf receipts were 500. Nothing was done in sheep. The trend was steady. Receipts numbered 1,000. Chicago hog market opened slow, asking 10 to 15 cents higher than Tuesday’s average. Good and choice porkers weighing 170 to 200 pounds were bid $4.75 to $4.80; 230 to 250 pounders sold at $4.50 to $4.60. Receipts numbered 13,000, including 2,000 direct; holdovers 2,000. Cattle receipts 12,000; calves 2,000; market mostly 25 cents lower. Sheep receipts were 10,000; market steady. HOGS March. Bulk. Early Top. Receipts. 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 19. 4.45® 4.85 4.75 1,000 21. 4.35® 4.75 4.75 4.000 22. 4.25® 4.75 4.75 3.500 23. 4.35® 4.75 4.75 4,500 Receipts, 4.500; market, steady. (140-160) Good and choice $ 4.65 —Light Lights—-(l6o-180) Good and choice... 4.75 —Light Weights—-(lßo-200) Good and choice... 4.75 (200-220) Medium and g00d... 4.70 —Medium weights—-(22o-250) Good and choice 4.60® 4.70 (250-290) Medium and g00d... 4.45® 4.55 —Heavy Weights—-(29o-350) Good and choice... 4.25® 4.45 —Packing Sows—-(3so-5001 Medium and g00d... 3.25® 400 (100-130) Slaughter pigs 4.25® 4.50 CATTLE Receipts. 1,300; market, steady. Good and choice $ 6.00® 8.25 Common and medium 3.50@ 6.00 (1,100-1.800) ■ Good and choice 5 5-5? Common and medium 4.50® 0.35 —Heifers— Good and choice 5.25® 6.75 Common and medium 3.00@ 0.25 —Cows — Good and choice 3 25® 4.25 Medium 2.75® 3.25 Cull and common 1.50® 2.75 —Bulls (yearlings excluded) Good and choice beefs 2-75® ? Cutter, common and medium.. 2.00® 2.7a CALVES AND VEALERS Receipts, 500; market, higher. —Vealers— Good and choice $ 7.on® 7.50 Medium 5.00® 7.00 Cull and common 3.50® 5.00 —Calves — 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 AND LAMBS Receipts, 1,000; market, steady. Good and choice $ 7.00® 7.50 Soring lambs 10.00®12.00 Common and medium 4.50® 7.00 Ewes, medium and choice .... 2.75® 4.00 Cull and common 1.25® 2.75

Other Livestock By United I’rest CHICAGO, March 23.—Hogs—Receipts, 13,000. including 2.000 direct; steady to 5c higher than Tuesday; 170-210 lbs., $4,650:4.75; top, $4.80; 220-250 lbs., $4,500 4.65; 260-320 lbs., $4.20(3;4.45; 140-160 lbs., $4.60(3 4.75; pigs, $404.50; packing sows. $3.7003.90; light lights, 140-160 los., good and choice, $4.50 0 4.75; light weights. 160200 lbs., good and choice, $4,650:4.80; medium W’eights. 200-250 lbs., good and choice, $4.45(3 4.80; heavy weights, 250-350 lbs., good and choice, [email protected]; packing sows, 275-500 lbs., medium and good, $3.65@4; slaughter pigs, 100-130 lbs., good and choice, $404.50. Cattle —Receipts, 12.000; calves, receipts, 2,000; early sales fed steers and yearlings mostly around, 25c lower; bidding mostly around 50c lower: butcher she stock steady to weak; bulls, steady; vealers opened 25050 c lower: early top ted weighty steers, SB, best held above $8.25; slaughter cattle and vealers: steers. 600-900 lbs., good and choice, $6.50(3 8.75; 900-1100 lbs., good and choice. $6.75(38.75: 1100.1300 lbs., good and choice, $708.75; 1300-1500 lbs., good and choice. $7.2509: 600-1300 lbs., common and medium, $4.5007.25; heifers. 550-850 lbs., good and choice. $5.7507.25; common and medium. $405.75: cows, good and choice, $3.50 05; common and medium, $303.50; low cutter and cutter, $203; bulls, yearlings excluded, good and choice, beef, $3.25@4; cutter to medium, $2.50 0 3.50; vealers milk fed, good and choice, $607.50; medium. ss@6; cull and common, $305; steers, 1050 lbs., good and choice, $5,250 6.25; common ana medium. $3.7505.25. established on old crop lambs, bidding wef.k to 25c lower; springers and sheep fully steady; best wooled lambs held high, er. above $750; good and choice kinds bid $6.7507.25; selected springers, $10.50; slaughter sheep and lambs: lambs, 90 lbs. down, good and choice. $6.7507.60; medium, $5.7506.75; 91-100 lbs., medium to choice. $5.5007.50: all weights, common, $505.75; ewes, 90-150 lbs., medium to choice. $304.50; all weights, cull and common, $1.75 0 3.50; feeding lambs, 50-75 lbs., good and choice, $5.75 0 6.25. By United Press CINCINNATI. 0.. March 23—Hogs—Receipts, 3,500 including 900 direct; heldover, 320; mostly 10c lower; better grade 160240 lbs.. $4.6504.90; mostly $4.90 on 225 lbs. down; 240-280 lbs., $4.4004.65; bidding 15c lower on 130-150 lbs., or $4.25; sows weak to 25c lower: bulk. *3.25; lightweights, $3.50. Cattle —Receipts. 350; calves, receipts, 475; generally steady except beef cows which were strong to mostly 25c higher; supply light; odd lots common and medium steers and heifers, $4.5005.85; part load good steers, $6.35: beef cows. $3 50 04; some $4.25; low cutters and cutters. $203: bulls, $3.50 down, vealers. steady: good and choice. $6.50 07; lower grades, draggy. mostly $5.50 down; a few, $6. Sheep — Receipts, 1.750: steady; better grade wooled lambs, $7.5008; common and medium. $507; good and choice spring lambs, quotable *11012; common downward to $8; aged ewes, 53.50 down. By Times Special LOUISVILLE. March 23.—Hogs—Receipts, 500; market, 10c lower: 175-235 lbs.. $4.65; 240-295 lbs., $4.35; 300 lbs. up, $3.75: 175 lbs. down, *3.85; packing sows. $2.75 0 3.50; stags. *2.50 down. Cattle—Receipts, 250; market, steady; medium and good slaughter steers and heifers. S4O 6: bulk good cows, $3 03.25; bulls. $3.25 down; light Stockers, *5.25 down; calves, receipts. 300: market net established: bulk best vealers Tuesday's $5.50: few late sales. $6. Sheep and lambs—Receipts. 100: market, steady; bulk best lambs. $6.25: few choice higher buck lambs, $5.25; throwouts. *3.50 down: fat ewes. *2.50 down; spring lambs, *lOOll. Tuesday’s shipments—Cattle, 26. By United Press EAST ST. LOOTS, March 23—Hogs—Receipts. 8.000, including 600 through and direct; market 10015 c lower; top. *4 65; most 150-230 lbs., $4.50 0 4.60 ; 230-310 lbs.. *4.2504.50: 100-140 lbs., *3.75 0 4.40; sows largely *3.50 0 3.75. Cattle—Receipts, 2,800; calves, receipts, 1.200: market, generally slow, except vealers, 25c higher at *7.75; undertone weak on all kinds; a few early steer sales barely steady to 25c lower at $5.3005.75; some mixed yearlings and heifers. *5 0 5.85: cows largely *3.2504; low cutters, $1.75 0 2.25: top sausage bulls, *3.40. Sheep—Receipts. 1.500: market; a few choice wooled lambs to city butchers steady at *707.25; packers talking lower; no action on sheep and spring lambs. By United Press CLEVELAND. March 23.—Hogs—Receipts 1.200: holdover, 70; steady; 150-230 lbs., S5; 240-300 lbs., *4.5004.65; pigs. *4.50. Cattle—Receipts. 200: bulls, weak; 25c lower: other killing classes steady; steers supported bv scarcity: bulk *5.35 06: cows largelv $203.75; sausage bulls, *2.750 3.75. Calves—Receipts. 500: steady with Tuesday’s average; good to choice vealers. *8 08.50; cull to medium, *507. Sheep—Receipts. 1.300; lambs, steady to lower: spots 25c off; clippers. *6.5007; early bulk. *6.75 down; near choice wooled skins, *7 85. By United Press EAST BUFFALO. N. Y.. March 23Hogs—On sale. 1.600; rather slow; shippers Inactive, mostlv 10c under Tuesdav's average; bulk 160-210 lbs.. *5.1005.15; mixtures with lightweight end. *5: plain kinds. *4.75; 225-260 lbs.. *4.750 5; pigs. *4.7505. Cattle—Receipts, 100: fully steady, medium steer* and heifers. *6.25: common. *5.50: Cutter cows, *1.7502.50. Calves—Receipts, 225: vealers, active, firm, good to choice largelv *8.50; common and medium, *4.500 6.50. Show— Receipts, 1.000: lambs, steady; good to choice woolskins mostly *8: common and medium scarce; quoted *6.500 7.25; clippers,' *7.25 down.

BELIEVE IT or NOT

JtfW tHBNKIHS nOHSm, A PREHISTORIC ANMAL- carved out op Rock by nature'fgpo® is seen taking a drink out of the pacific ocean —^~~~~^ I ON 7W£ fw? -I R lift S mSi ' WAS BORN ON EASTER SUNDAY GREEN KB- *•' / MARCH 2.3.1913 OR fW r „ AND HIS BIRTHOAy W/LL NEVER TtAIRWAVa - li JnaJir FALL ON EASTER AGAIN c j£ wr I. \ WITHOUTANUMBERj during his lifetime Green* pore, N. C.. Boston, Mass.,. q . i

Dow-Jones Summary

New York, Ontario & Western railroad in February reported net income amounting to $152,665, against $84,735 in February 1931; two months amounted to $234,721, against $164,302. Pittsburgh Forgings Company for year ended Dec. 31, 1931, shows net loss of $184,458 after interest, depreciation, etc. Hershey Chocolate Corporation declared the regular quarterly dividend of $1.50 on common stock, payable May 15, of record April 25. Southern California Edison in February reported balance after taxes and charges, but before depreciation amounting to $1,373,347, against *1,193,700 in February, 1931; two months totaled *2,974,868, against $2,937,034. New York Cables opened in London at 3.64; Paris, checks 92.75; Amsterdam, 9.045; Italy, 70.25, and Berlin, 15.312. Western ’ Pacific railroad in February reported net operating deficit of $174,183 against deficit of $124,678, in February, 1931; two months net operating deficit amounted to *293,570, against deficit of $152,481 in like 1931 period. International Railways of Central America, in February showed balance for fixed charges at *229,580, against $276,142 in February, 1931; two months $454,233, dgainst $594,902, Cherry Burrell Corporation declared the regular quarterly dividend of *1.75 on preferred stock, payable May 1, of record April 15. Central Republic Bank and Trust Company of Chicago declared the quarterly dividend of $2, nayable April 1, of record March 23; placing stock on $8 annual basis, against *l2 previously. Bloomingdale Brothers declared the regular quarterly dividend of $1.75 on preferred stock, payable May 2, of record April 20. American Light and Traction declared the regular quarterly dividend of 62 Vi cents on common stock. Isle Royal Copper Company In 1931 reported net loss totaling $378,993 after expenses, depreciation and ~ depletion, against net loss of *343,667 in 1930. Sioux City Gas and Electric in twelve months ended Feb. 29, 1932. reported profit of $1,246,500 after taxes, charges, but before depreciation, against *1,202,708 in preceding twelve months.

In the Cotton Markets

(Bv Thomson & McKinnon! NEW YORK, March 22.—The cotton market acted fairly well for the first hour but for the rest of the morning gave ground and at noon was about ten points lower. For several days brokers close to spot interests have had cotton to sell on all advances. Today was no exception and with security markets lower It was surprising that the market stood up so well. In addition to this, the news tickers were full of articles abonut farm board policies, which really contained no news of interest but did serve to limit public buying. In the long run, it may be of benefit to the cotton market for it should discourage planting and a long interest. We think the farm preparations are unusually backward and with little fertilization we see little prospects of anything but a small crop. • CHICAGO —March 22 High. Low. Close. March ... ••• 6.67 May 6.89 6.69 6.73 July 7.05 / 6.88 6.90 October 7.24 7.09 7.09 December 7.41 7.25 7.28 NEW YORK High. Low. Close. January 7.38 7.25 7.27 March 6.67 6-54 6.54 Mav 6.75 6.60 6.60 July 6.91 6.76 6.77 October 7.13 7.00 7.00 December 7.31 7.17 7.17 ANIMAL PAINTER DIES Charles Livingston Ball Was One of Best Known V. S. Illustrators. By United Press ORADELL. N. J., March 23. Charles Livingston Bull, 57, naturalist, animal painter, illustrator and author died here at his home late Tuesday. Bull was one of the best known illustrators of animal stories in th€ United States, President Roosevelt once remarked of his work that “Bull is the only man who can put legs on four sides of an animal and make it loot natural.”

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

Following is the explanation of Ripley’s “Believe It or Not’’ which appeared in Tuesday's Times; An Airplane Can Travel Faster Than a Bullet —The fact that M. Jacques Schneider, donor of the Schneider trophy, was the head of a French firearms company lends the proper background for my comparison. Lieutenant Stainforth, who sped at the record-smashing rate of 404 miles an hour over a *38.40foot course (Schneider trophy races of 1931), sustained a velocity of better than 592 feet per second. The initial velocity of a .38 Long Colt, gallery, lead cartridge, fired from a pistol is only 554 foot-seconds. The Remington Special 22 b. b. rifle cartridge has an initial velocity of 600 feet a second, equal to an actual or instrumental velocity of 582 feet a second before applicable for purposes of this comparison. Thursday—The Umpire of 4,544 Games.

The City in Brief

THURSDAY EVENTS American Business Club, luncheon, Columbia Club. Real Estate Board, luncheon, Washington. Shrine Caravan Club, luncheon, Murat Temple. Advertising Club, luncheon, Columbia Club. Officers Bill be elected and committee reports submitted at a meeting of the Federation of Community Civic Clubs Friday night in the Spink-Arms, Fourth annual observance of high school day will be held April 7 at Indiana Central college. High school juniors and seniors, prospective students of the college, will be guests. Annual convention of the Midwest Physical Education Association of which Dean Emil Rath of Indianapolis Normal college, is president, will be held March 30 to April 2 in Columbus, O. He will deliver his annual address at a general session March 30. Fourteen states are represented in the membership of the association. Capitol City Circle No. 176, Protected Home Circle, will hold a dance, card, and bunco party at 8 Friday in Woodman’s hall, 322 East New York street. Koret Wilbur will be in charge. Sheriff Charles L. (Buck) Sumner will speak Friday at a luncheon of Sahara Grotto at Thirteenth street and Park avenue. “What a Sheriff Does” will be his subject. Indianapolis Restaurant Association elected W. H. McPherson president at a meeting Tuesday. Howard E. Deputy was elected vice-presi-dent, and H. A. Hall, secretary. Card party will be given tonight by the Ideal Social Club in Clark's hall. Twenty-fifth and Station streets, “What are the hopes of reducing taxes?” and “What can we do to increase sales?” will be topics for discussion on a double program at the weekly meeting of the Indianapolis Real Estate Board at the Washington Thursday. “The Challenge of the Modem Church” will be the topic of Dr. John G. Benson, superintendent of the Methodist hospital, speaking at a fellowship dinner of the Northwood Christian church Thursday night. Establishment of a minimum wage was urged by Ward B. Hiner, Liberty party candidate for Governor, speaking Tuesday night at a meeting at 4214 Rockville road. Liberty Club 52 will give a card party tonight in Compton hall, 2001 Winter avenue. A committee of four today was drafting plans for a sales research club, the first of its kind in Indianapolis. The club, sponsored by the Chamber of Commerce, took form Thursday when representatives of local manufacturers, jobbers and retailers niet at the chamber.

Registered U. *. JLr X Patent Office RIPLEY

Bright Spots of Business

By United Pres* NEW YORK. March 23.—Liabilities involved in business failures during the week ended March 17 were 12.1 per cent below the preceding week, Bradstreet’s reported. WASHINGTON—Income tax figures for March exceeded the original estimate of $175,090,000, receipts for the first twenty-one days of the month totaling $178,567,113. DETROIT—Ford Motor Corp. ordered 10.000 axles from the Republic Steel Corporation for immediate delivery. WASHINGTON—Freight car loadings rose to the highest level of the year during the week ended March 12, when they totaled 575,481 cars, a gain of 16,042 over the preceding week, the American Railway Association reported. CHICAGO—Bendix Aviation Corporation reported net profit for 1931 totaled $1,555,478, or 74 cents a share, against $1,183,860, or 56 cents a share, in 1930. RALEIGH, N. C—One hundred and seventy-eight new industries and expansions to existing planus were recorded in North Carolina in 1931, according to the state department of conservation and development. BOSTON—Massachusetts Manufacturing employment increased 4.8 per cent In February and pay rolls were 6.3 per cent bigger, it was reported. SAN FRANCISCO—The forthcoming report of Pacific Lighting Corporation for the year ended March 31, will show earnings more than 20 per cent over a year ago, it was estimated.

Produce Markets

Delivered in Indianapolis prices: Hens, heavv breds. 14cV* Leghorn hens. 12c. Broilers, colored springers. lVi pounds up 19c; Leghorn and block. lVi pounds up. 16c: bareback and partlv leathered. 12c. Cocks and stags. 7c; Leghorn cocks. sc. Geese, full feathered and fat. 7c. Young and old guineas. 15c. Eggs—No. 1, current receipts. 9c. Butter. 26 to 27c; undergrades. 24 to 25c. Butterfat. 21c. These prices for healthy stock free from feed by the Wadley Company. By United Press NEW YORK, March 23.—Potatoes—Market, firm; Long Island, *1.2502.50 per barrel; southern, $3.25 0 6 per barrel; Idaho, *202.50 per sack; Bermuda, $6,500 8.50 per barrel; Maine, *1.1502.25 per barrel; Canada, $1.40 0 2.50 per barrel. Sweet potatoes—Market, steady; Jersey baskets. 500 75c; southern baskets, 3Oco $1.25. Flour—Market, quiet; spring patents, $4.1004.20. Pork—Market, steady; mess, $17.50. Lard —Market, easier; middle west spot, $505.10 per 100 lbs. Dressed poultry —Market, steady; turkeys, 15030 c; chickens. 20 027 c; fowls, 10023 c; broilers, 200 28c; capons, 180,34 c; ducks, 120 16c; Long Island ducks, 16020 c. Live poultry—Market, steady: geese, 10015 c; ducks, 11017 c; turkeys, 23 0 25c; roosters, 10c: chickens, 150 27c; broilers, 15027 c; capons, 25032 c. Cheese—Market, steady: state whole milk, fancy to specials, Il'iSlOc; Young America, 13013V2C. • By United Press CHICAGO, March 23.—Eggs—Market, firm; receipts. 10.809 cases; extra firsts. 13’ 4 c: firsts, 12V4c: current receipts. 110 12c; seconds. 11c. Butter —Market, steady; receipts. 7.389 tubs; extras. 22’<e; extra firsts. 22Vic; firsts. 21521’/ic; seconds. 20 0 20'ie; standards, 22*.4c. Poultrv—Market. steady to sharply lower; receipts. 1 car; fowls. 15016 c; springers. 2c; Leghorns. 13 1 2c: ducks. 18021 c: geese. 14c: turkeys. 150 22c; roosters, lie: broilers. 21 022 c; stags. I6’ac. Cheese—Twins. 11 '•*o 11 3 *c; young Americas. 12®12'2C. Potatoes —On track, 300: arrivals. 112; shipments, 1.030: market about steady to weak; Wisconsin round whites, 85 090 c; Idaho russets. $1.3501.40: Nebraska triumphs, *1.30 01.40; Minnesota and North Dakota Red River Ohios, *1.2001.30. By United Press CINCINNATI. 0.. -March 23 —ButterPacking stock No, 1. 18c: No. 2 lie: No. 3.8 c; butterfat. 21022 c. Eggs—Steady; cases included: extra firsts. 14c; seconds. 12c; nearby ungraded. 13c: duck eggs. 18c: goose eggs. 55c. Live poultry—Thin and coarse stock sell only at heavv discount: fowls. 5 lbs. and over. 14c: 4 lbs. and over. 15c: 3 lbs. and over. 15c: Leghorns. 3 lbs. and over. 12c: roosters. 10c; colored broliers. V/3 lbs. and over. 20c; 2 ibs. and over. 2lc: partly feathered. 12c; Leghorn broilers. IV* 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. 16c: under 4 lbs.. 13c; colored. 4 lbs. and over. 16c: under 4 lbs.. 13c: capons. 8 ibs. and over. 25c: under 8 lbs.. 20c slips. 15c: turkevs No. 1 hens. 8 lbs. and over. 30c: young Toma No. 1, 10 lbs. and over. 22c. By United Press CLEVELAND. March 23 —Butter—Market, steady; extras. 26*ic; standards. 26 J 4 e. Eggs—Market, firm: extra firsts. 13c: current receipts. 12', ic. Poultry—Market, weak: heavv fowls. 16017 c; medium. 180 19c: Leghorn. 15016 c: smooth springers. 18019 c: broilers. 20 0 21c: heaw broilers. 22G25c: old cocks. 11012 c; geese. 14015 c: stags. 13014 c: turkevs, 25c: capons. 23c. Potatoes—Ohio and New York mostly 60c per bushel* Maine Greer. Mt.. *1.3001.35 per 100-lb. sack; Idaho Russet. *1.9002 per 100-lb. sack. RETAIN STATE POSTS Six Members of Commissions and Boards Reappointed by Leslie. Reappointment of six members of state boards and commissions was announced today by Governor Harry G. Leslie. They are: Btanley Coulter. Indianapolis, state conservation commission; Homer K. York, Marion, state reformatory trustee; Mr*. Frances Beadle. Lafayette. Indiana girls’ school: I. M. Bridgman. Winchester, state epileptic village: Luther F. Symon*. Lewisville. Wilbur Wright memorial, and Charles E. Hale. Lojansport, Soldiers and Sailors'

PAGE 11

WEAK FOREI6N NEWS FORCES WHEATLOWER Adverse Crop Reports Are Ignored in Unsettled Trading. BY HAROLD RAINVILLE United Press Staff Correspondent CHICAGO. March 23.—Wheat broke another cent as the Board of Trade opened today with the decided weakness abroad and sharply lower stock market depressing factors. Liverpool was down under general liquidation with much selling for the four-day holiday ahead. The deferred months again led the decline here. Corn was off with wheat, but held above the lows of Tuesday at the start. Oats also was down. Opening Is Lower At the opening, wheat was % to 1% cents lower, com was to % cent lower, oats, a 8 to % cent lower, and rye was 1% to l s i cents down. Provisions were slow and easy. Liverpool was much lower than expected and extended Tuesday’s decline 1% to I s * cents by midafternoon. The late 2 cent break at Buenos Aires Tuesday was a factor, but the withdrawal of millers was depressing. The failure of foreign millers and importers to remain in the market is the most disconcerting factor since the farm board announced its intention to sell, according to many traders. Adverse crop news was received from the southwest, but overlooked in the prevailing unsettlement. Hit New Low Levels All deliveries except the distant month established new 1ow t levels for the season in corn Tuesday, the lowest since 1901. The break in wheat and the slow shipping demand serve to restrict operations and undermine confidence. Oats also declined with the major grains and under practically the same influences. May equaled its low for the season near the clor.| Tuesday. Chicago Grain Range WHEAT- - Mar =h 23May 11:06. close! Se cORN—' ’ * ' JS " ' 56 - 56, :*7% & S* 1, ;!■ ten Si w si si K :1f :lj| & EaRdL- 47 • 4 ' , ‘ •<’< .47% Mav ... . __ S& ::::£ J if || Bu Time Special CHICAGO, March 23 Garlots- Wheal 1" corn - 24; oats. 10; rye, 0. and barite! By Times Special x&sr&iS Ekvc-® By United Press wS A N C f3“ a d rC 5 0 “ c i^ r f d a ' ff n No 2 mixed k 1 i/ bulln " difference; 30®3Ic° N y^ o \ ) 3 l® 3 2°%c7N O b. 4 Wd. No, 3 white. 31%©32%c Oat*-’ ?2%c W Rvp e ’ No’ 2 ® 23 , 61 3Vhlte? a ais By United Press white 2 2 y ß®°27c ,5 * i £ se OaU Z 2C I ---7wh^ t i N^ 7 ;ed T ? I t. r^Sn?; re S?^ : rS 1 - i t^i a|s?. ts N disc , ount ,; Corn—No? 2 yellow- 31 rj fowl r W ‘ No - 4 W? PGme M 75 3 - 21( ? 4t°23 2 2 - *8 7” March u-f i, ( 75 ' Alslke-Cash, "V print*. ■27®2Bc. R E s Jfttr*s Cre *2 12%c Hay-Timothy. per cwT sO cenU^

Cash Grain

—March 22 Thf* bids for car lots of errafn of fVi* Indianapolis Board of Trad* f n h slipping point, basis 41 WYork rate.' *jj? —N cxl fed. 40 >4o4oVic: No 2 red whitMmfe. No ' 2 white - 18 ® 19c: No - 3 fflkine~r?Y a ,. d X; / F o- m. Country point* linflviiu ? C ST le ? s , rate * to Cincinnati or 2°timothy. *606.60. tlm ° thV ' S7S7 ’ 6O; No ’ —lnspections Wheat—No. 2 red. 2 cars. Total. 2 cars Corn—fewi No. 3 white. 3 cars; No 3 vellow. 5 cars. Total. 8 cars. 2 ssrtui TANARUS&s 1 car: No ’ 3 whlt -

Local Wagon Wheat

No Cit ? £rf ai E,ht Ie . vator J ! are saving 4lc for wheat. red heat and 41c for No - 2 hard Births Bov* la^d Ster *" d FaV H,aton ' 1T25 West Marx-. Leon and Anna Tavlnr. 2525 Sangster Hleh Cfrt * nd N * ,lle Crouch 104 B 'Bouth Emma Wood - 125* Harding * nd charloUl! Dohner. 2261 North Patrick and Frances Brunette 2427 Massachusetts avenue. Girl* Warman * nd Matllda 412 North No C rth°Tem D le and B ' rth * B SarT, “ r ' 2945 John and Anna Gamble. 532 South AlaArthur and Florence Cole. 142S Laurel Oeorsc an d Jessie Tuttle. 2851 Bronse. Canltol Ur 3nd Carrie Shields. 1519 North ton* Wi * Bnd Hattl - Noel - 2207 East LexlngRura? 111 ** L ‘ * nd G ®° r?im Scott- 2445 North and Alisa Jones. 2620 IndianCariie and Mildred Barnett. 2029 South sineieton. James and Alice Miller. ’ 1410 North Arsenal. f R. E. and Man- Laura Kimball. 868 Ei’srene. College I** 1 ** B #nd Evalyn Lvd * ? th, 2024 Deaths Arthur Virgil Pearcy, 42, city hospital, chronic neuritis. Gladys Armstrong. 39. Central hospital. Jacob Stratla, 65, St. Vincent's hospital carcinoma. Charles Anna Shoes. 49. city hospital cerebrospinal meningitis. Anna Kendall. 65. city hospital, cerebrospinal menirgitis. Elizabeth Lanagan. 65. St. Vincent’s hospital. chronic nephritis. Mary Gordon, 47. # 620 Dorman, acuta endocarditis. Louis Freeman. 69. Methodist hospital, arteriosclerosis. Lydia Ann Bannan, 82. 1909 Tacoma, arteriosclerosis. William Espv Stuart, 75. 2217 East Michigan. carcinoma Lula Goodnight. 55. 1105 Fayette, carcinoma. Sarah Solomon. 95. 37 West Fall Creek, cardie x-*scular renal disease Marshall Daniels. 48. 722 Douglas, broncho pneumonia.

Zaiser & Zaiser Brokers Stocks and Bonds 129 E. Market Lincoln 9575 Lincoln SIC