Indianapolis Times, Volume 43, Number 304, Indianapolis, Marion County, 29 April 1932 — Page 22

PAGE 22

-Pin GossipBY LEFTY LEE

~w- Haye* and H Whtir. m'fflbftn of B'am Batrattnn team whlrh rolled into third place In the atate pm meet Tuesday nlgm. were the ticttmi of a track up on their war to roll their doublet and tingle* eventa Thursday night . The extent of their lnjuriei hat not been determined, but It It believed that t>e* i* out of the meet, while Wheeler 6mtv be able to appear before the final iiad relit Sunday night. All of the local wlerg will he pulllr.g for Wheeler to ge in tha balance of hit garnet, a* he haa a *’rt of 603 in the team event whteh gtvet him an excellent chance to top the e ( d in the all-events. ./D*' •* PUt wat co*tly to Paul Btomm. the Beam Recreation atar. who relied 631 in hit alngiet, with two of the*e hard-lurk •puts appearing in his second game that rhowed a 180 count. Hit first and third game* were clean, 327 dropping in the ,T* 1 . •J* and In the final. Stemm alto reached the all-eentt prlte Utt with a nine game total of 1.821. 622 falling in hU t'tm event, 568 In the doubles snd She 631 ting e* Zek* Heckman alto tossed in a collector in the singlet, scoring 604 with games of 214 173 and 217. Ae balance of the local bowler* rolling their doublet •nd singlet In this meet, all had the ••rue trouble, splits appearing with a regularity that stopped aii efforts to reach •be prise lut. w *nCl H Hueber are leading *cratch doubles pity on the Pritchett alleys with a score of 1.223 Eng. in f. ■? ** , ln second place paired with J. Pritchett Jr., with a count of 1.232. The to* <l*te In this event It good, and the schedule for Baturdav and Sunday *ill insure a nice prise list. ThU event open to all bowlers. The Avalon bowlers will hold their annual banquet at the Avalon Club tonight, at which time the prise awards of this loop whl be made to the winners. The banquet is one of the outstanding features of this league and a 100 per cent attendance is expected .Coca Cola and Seats Motor found the Indianapolis Glove and Duesenberg teams to their liking during the Universal League play at Pritchetts, taking the entire series, whi!" Gun Coal and Virginia Sweet, were taking two games from Ernrlck Hardware and a A- S Service. Tegeler rolled t 624 to .esd the field in Ind’vidual piav Barrett ro'ld 616: Campbell. 614; Rea 613 and Proctask, 810 Rerord won three game* from Med.cal during the American Central Life Ladles League series on the Pritchett drives. Blacker Chill took three games from Ollendorff Watch during the Elk league plav on "he Hotel Antler drives Burnett led these bovs to this win with a score of 611. Tl Heidenrelch v*. Supreme Oil serle*. r' tilted in an odd game win for Hidenreirh these boys taking the rubber bv a margin of two pins. La Pendnch won th* first two from Tlailev Insurance but were swamped In the final when the Bailey quintet tossed In a 1,048 count. A ont-point margin gave Stafford the verdict in the first gsm over B. M S. Normsn accounted for game No. 2 with a gi-a; 288 while B M. S avoided a shuton* by taking the final game Norman's three game total was 650 which led the league. Shaw rolled a series of 674 to lead the Flay in the Community League on the Upown alleys. Th* isursn A! Kimmel was next in line with £64 Peterson had 610; Hill. 603; Hover, 601. Dawson. 602. Mace, 647 Rice, 617. Hendrlxson, 620. Eppert. 614 Smith, 619 Green. 617; Hamilton. 620 and Newlin. 612 Tram results showed a triple win for Uptown Garage over Uptown Plumbing and an odd game win for J P Johnon Fiftv-fourth street Merchants, and Hurt brothers Realty from Broadways United Dentals, and Pratt street Boosters.

Independent, Amateur Baseball, Notes, Gossip

FORM KITTEN BALL I.OOr There is much interest being shown In kitten ball in Indianapolis this year. Kitlen ball is sometimes called playground baseball or recreation ball. In the last several years, this game has become very popular'in the eastern cities and teams in Indianapolis are now being organized to plav. Several industrial plants already have organized leagues to play twilight ball through the week. Anew league, which will be called the Em-Roe Kitten Ball League, will be organised tonight at the Em-Roe sporting goods store. This league will play Sunday afternoon ball and any team Interested in plavlng kitten ball should have a representative at this session Wallte Mlddlesworth. cltv recreation director. states he lias several kitten ball diamonds laid out at the present time and his department will co-operatc with the teams. This game is being taken up not only bv the vour-ger plavers in Indianapolis, but many middle-aged men. Indianapolis Cardinals will open their season Bundav at Riverside No. 3 opposing United Cab nine Cards probable lineup: Infield. E Kelso. I. Conen, P. Montgomery. F. Qulnnette: outfield. E. Qulnnette F Herhlnger. F MeKinnev: battery, G. Turney and 8. Soultz or F. Bri-h(. All Cards please report for practice at Garfield this evening. Mars Hill will meet the strong Winamse. Redmen team at Mars Hill diamond Sunday. Strong state teams wanting games write Walters Drug Store, Mars Hill, or call Be. 4016. South Side Turners baseball team went through their final workout Wednesday evening and are ready for the opening game Saturday afternoon at Riverside No. 4 with the Stock Yards A A furnishing the opposition. The entire squad will meet at the gym at 1 p. m. Saturday afternoon. Uniforms will be given out and a short signal practice will be held Dakin. Galloway Wolfe are ready for mound duty With Beam or Schoch doing the receiving. Due to the Municipal League schedule being set back one week. Gaseterta will plav Linco at Brookxtde Sunday and St. Patricks at Pennsy park on Mav 8 Lents and House for Gaseterta and Marshall and Lent? for Linco are the probable batteries. Gaseterla plavers are requested to report at 1 p m. Highland A. C will meet Indianapolis Bulldogs at Riverside No. 7 Sunday afternoon. All plavers report at 809 Highland avenue at 13.30. For games write Alva Russell at the above address. Ziona Evangelical will oppose University Heights at Ellenberger Saturday afternoon at 2.30 Plavers are asked to report at 130 Plavers who have not obtained uniforms are asked to see Akers at the Parish Hruse. Kokomo Black Cats are readv to book games with the fastest clubs in the state Black Cats plav everv dav and boasts one of the strongest lineups in the state. Strong Indiana trams wenting games with • first class Negro Club write manager of Black Cats. 801 North Morrison street. Kokomo. St. Patrick* will meet Riverside A A. Sundsv tn the opening game of the season at Pennsv park. Saints will practice Saturday afternoon at 1 p. m. at Pennsv nark All olarers. notice For games call Frank Roth. Dr 0116

Thursday Fight Results

AT ADRIAN. Mich—Bud Jones, former Indians lightweight champion, wsa knocked out in the eighth of s scheduled ten-round bout bv Eddie Koppy. hard-hitt:nc Detroit veteran. Terrv Jonr of Elkhart. Inri stopped Young Williams. Adrian flvweight. In the first round. AT WILMINGTON Del.-Temme Rios. Wilmington middleweight, and Svlvan Bass of Baltimore went eight rounds to a draw. AT FT WAYNE. Inri - Max Schmelmg s scheduled boxing exhibition here Thursriav night was called off due to lack of interest. The worlds heavyweight champion and his party left immediately for French Lick. Inri where thev will spend a week or ten dav* at the popular resort. PURPLE TRACK VICTOR Continental* Triumph in ThreeWay Carnival Thursday. Scoring slams in the 100 and 220yard sprints. Washington triumphed in a three-way track meet at Delavan Smith field Thursday with 811-3 points. Manual had 29 2-3 and Broad Ripple 6. Cherry starred for the victors with ten points. Manion scored ten points for Manual and Wyant, nine. STATE RAPS WABASH fiv Times Special TERRE HAUTE. Ind.. April 29. Brilliant pitching by Spence, sophomore star, who held the Scarlet to two hits, gave Indiana State a 3 to 1 triumph over Wabash nine Thursday. La Follette of Wabash was touched for twelve safeties. SOUTHPORT TRACK CHAMP Southport won the Marlon county high school track and field championship at Butler oval Thursday, scoring 43 5-6 points. Warren Central finished second with 30 5-6 and Ben Davis was third with 2#d -3. New Bethel, the only other had 19 points. ,

SELLING SENDS STOCK MARKET TO NEW LOWS List Rallies Slightly at Noon: Wide Declines Registered.

Average Stock Prices

Average of thirty industrial! for Thursday 58 24. off 304 Average of twenty I rai' 23 *5. off 1.10 Average of twenty I utilities 34 73. off 1.08 Average of forty bonds 75.63, off .36. BY ELMER C. WALZER United Press Financial Edltar NEW YORK, April 29.—Liquidation, which at the outset drove the stock market down to new low ground for the depression, lightened as the noon heur approached, and the market regained a slight portion of the early losses. All the leading industrial shares and several of the rails declined into new low ground for many years. A few* issues made wide declines, including Brown Shoe, j which crashed 8 points to 25; Na- ! tional Lead, 4 points to 61. and Houston Oil 3% points to 10%. Steel common made anew low since 1908. at 27%, and around noon was at 28'*, off % from the previous close. American Telephone made anew low since 1921 at 96 %, off %, and then rallied fractionally. Rail Shares Firm I'p General Motors failed to break through its low of 10V although it sold at that figure. Allied Chemical made anew low since 1920 at 53 w, off 1%, and later rallied about a point. Case hit 20% for the first time since 1924 and firmed up to 21 '4, where it was only off %. Railroad shares were depressed in the early trading. New York Central and Pennsylvania made new lows. This group steadied later when railroad bonds presented a better tone following word from Washington the interstate commerce commission had approved a loan of $12,700,000 from the reconstruction finance corporation for St. Louis-San Francisco railroad. Rallies Are Slight Around noon utilities were flrm- ! ing up and the group as a whole was not far from previous closing levels. Consolidated Gas came back to 51'*, off % from an early low of 50%. Public service touched 42Vi, ; and then came back a point. Peo- | pics Gas registered a small gain. Standard Gas was around the previous close of 16 1 iScars Roebuck made anew low at 18 *ii, off l 1 *; Alaska Juneau, B’*.8’*. off Eastman Kodak, 50, off 1!; Union Carbide, 18 I *, off I*4, and Du Pont, 28. off %. These issues rallied slightly from the lows.

Bank Clearings

INDIANAPOLIS STATEMENT —April 29 Clearings *1.708.000.00 Debit 3,958,000.00 TREASURY STATEMENT April 29Net balance for April 27 (336.063.575.55 Expenditures 14,765.576.18 Customs reels, mo to date .. 19,029,048.23

New York Bank Stocks

(Bv Thomson and McKinnon) —April 28Bid. Ask. Bankers 50% 52% Brooklyn Trust 168 183 Central Hanover 116 120 Chase National 31% 33% t Chemical 30 32 Cltv National .17 39 Corn Exchange 49% 52% i Commercial 123 111 Continental 13% 15% Empire 23 25 First National 1.390 1.490 Guaranty 25t 256 ' Irving 17 1* : Manhatten Ar Cos 20% 22% Manufacturers 25 27 , New York Trust 77% 80% Public 20 s , 32%

Investment Trust Shares

■Bv James T. Hamil! Ac Cos l PRICES ARE TO 12 NOON, C. S. T. —April 29Bid. Ask. Am Founders Corp, com % % : Amer and Gen Sec (A) 2 3 , Am Inv Trust Shares 1 \ Collateral Trustee Shares tA>. 2% 3% Diversified Trustee Shares (A) 8 Fixed Trust Shares <Ai 8% ... 'Fundamental Trust Shares >A' 2% 3 .Fundamental Trust Shares iß* 2% 3% Leaders of Industry 'A) 2% 2% Low-Priced Shares 32% Mass Inv Trust Shares 12% 13% Nation Wide Securities 2% 2% i North American Tr Shares ... 1% 2 (Selected Cumulative Shares.. 4% 4’, Selected Income Shares 2% 2% Shawmut Bank Inv Trust.... 1 ; Std Amer Trust Shares. 2% 2’, ' Super Corp of Am Tr Shares.. 2% 2% Trustee Std Oil )A' 2% 3% Trustee Std Oil lß> 2% 3 U S Elec Light and Power <A• 13 IS

Foreign Exchange

ißv James T. Hamill St Co.i ’ —April 29Open. Sterling England 3.84’. Franc. France 0393 3 4 ■ Lira. Italr 0514’j Ffanc. Belgium 1399 Mvrk. Germany 2380 Guilder. Holland 4041 Peseta. Spain 0784 Yen. Japan .3270 New York Liberty Bonds —April 28— Liberty J's* '47 100.30 Liberty Ist 4V.* 10127 Liberty 4th 4Vs 38 102.22 Treasury 4>s '52 'O6 50 Treasury 4s '54 103.30 Treasury 3%s '56 10120 Treasury 3s '47 94 16 Treasury 3*. 43 >March) 99 00 Treasury 3Vs '43 iJunet 99 00 Chicago Stocks Opening •Bv James T. Hamill & Cos.) —April 29 Bendlx Avia... 7 Comm Edison.. 88' Borg Warner... 6'. Mid Unit pfd.. ‘a ! Cent So West.. 111I 1 1 Swift St Cos.. .. 14*. Ctttes Service.. 3\ Swift Inti 20 Cord Corp .... 2’. Ut Sc Indus com 1W Coni Chi Com.. I ! lAW SUGAR TRICES —April 28Htgh. Low. Close. March 89 .87 .87 Ma 59 .59 .58 i July 88 .87 .87 September 75 .73 .73 December 82 .10 .80 CHICAGO LIVESTOCK FUTURES DISCONTINUED Low Price*. Lack of Facilities for Hedging Bring Move. By United Press CHICAGO. April 29—Discontinuance of trading in livestock futures at the Chicago Stock Yards was announced today by Charles A. Wilson, president of the exchange. “Low prices for hogs and the impossibility of carrying On hedging 1 operations, have brought volume so low that it is impossible to carry on trading in hog futures." Wilson said. "Should there develop a demand for future trading at any time In the future the facilities will be available.” The change was made effective today. ’ i

New York Stocks " Bv Thomson A McKinnon)"" - "

—April 38— Railroad*— Prev High Lo* 11 6® clo* Atchison 43'• 41'* 41% 43' All Coast Lins IS 1 * 1* Balt & Ohm ... B s * 8 4 •% • Cheat dr Ohio .. 164 I*4 IS 1 * 1?% Chest Corp *4 I# 4 Can Pae 114 U 4 114 11* Chi N West 44 4 4 54 C. R I U P *4 *4 Del L* w I*4 174 Del dr Hudson ... . ** 564 Great Northern. 11 164 164 1} lllnoix Central.. 114 164 114 11N Lou * Nash ••• I*4 M , K. Ac T I 24 24 34 Mo Pacific. I 24 24 14 Mo Pacific, pfd.. 64 *4 *4 64 N Y Central 184 174 174 I*4 Nickel Plate ... 24 J NY NH Ac H ... 134 124 I*4 I*4 Nor Pacific 164 16 16 164 O Ac W •• *4 Pennsylvania ... 12 114 12 124 So Pacific 13 124 114 I*4 Southern Rv St Paul 14 St Paul pM lit St L dr S F ... ■ 24 Union Pacific ... 52 51 4 514 52 4 Equipment*— Am Car dr Fdv.. 64 *4 * Am Steel Pd *4 ••• Am Air Brake Sh *4 ■ Gen Am Tank ..... }],. General El<*c I*4 I*4 I*4 }**• Gen Rv Signal.. I*4 }5 Pullman .. 154 I*4 }*4 }5 • Westlnch Ar B . . . . 11 11 * Wcstingh Elec... 224 214 22 224 Rabbers— Firestone 12 ... fßak ... ... ‘4 Goodrich 34 *4 *4 -34 Goodyear 164 10 16 764 Kelly Sorgfld... . ... 14 14 U 8 Rubber 14 34 34 .•• AJbSre r rr. 134 314 *2 4 324 Chrysler • *4 8 * 9* General Motors. . 114 104 I}4 IJ4 Grsham-Palee 14 *- Hudson *4 * sss ::::::::::: ” 4 .. aw % il£ Nash : 11 164 164 11 Packard 24 24 Peerless 14 ... Reo ••• 14 Studebaker * 5 4% ** *4 White Mot <4 Yellow Truck 2 • Motor Acer**— Bencllx Aviation. 74 7 7 74 Borg Warner 64 64 Briggs 4 64 Budd Wheel 14 14 14 2 Eaton ... 5. E! Auto Lite ... I*4 13 134 1* * El Storage B 19 194 Houda 24 Motor Wheel ... *4 Murray Body ... 54 5 5 84 Sparks W 14 Stewart Warner 24 24 Timkin Roll ... I*4 I*4 Mining— Am Metals 3 24 24 ... Am Smelt 9 84 B’* 94 Anaconda Cop .... ... 5 54 Alaska Jun 9 84 84 84 Cal Ac Hecla 24 Cerro de Pasco.. . ... 64 64 Dome Mines ... 84 84 84 84 Freeport Texas 144 I*4 I*4 I*4 Granbv Corp 34 Great Nor Ore 74 Int Nickel 54 54 54 54 Kennecott Cop.. 74 64 64 74 Magma Cop 54 Nev Con* 34 *4 Noranda 13 134 Texas Gulf Sul.. 184 18 18 184 U S Smelt 1* I*4 Oils— Amerada 144 Am Republic 4 Atl Renntng ... 9’* 9’* Barnsdsll *4 * *4 * Houston 24 24 24 3 Mex Sbd 8 74 74 8 Mid Conti 44 *4 *4 44 Ohio Oil 54 54 Phillips * Prairie Pipe 64 64 Pure Oil *4 *4 Royal Dutch 134 134 Shell Un 24 24 Simms Pt 3 4 ... Cons Oil *4 *4 *4 *4 Sfcelly 34 34 Standard of Cal 184 174 17% 184 Standard of N J 224 224 224 22% Soc Vac 84 8 4 84 84 Texas Cos 114 104 104 114 Union Oil 104 104 104 104 Steels— Am Roll Mills ..7 64 64 6% Bethlehem 124 124 134 124 Byers AM 84 Colo Fuel 84 Cruc Steel ... ... 10 Inland 13 124 124 1* Ludium ... ... * McKeesport Tin 374 37 374 374 Midland 3 4 Repub I Ac S .. 34 34 34 34 U S Steel 28 4 274 28 38 4 Vanadium 84 8 8 84 Youngst 8 and W ... 44 ... Youngst S&T 9 Tobacco: Am Sumatra ... 3 24 24 ... Am Tob Anew .. ... ... 66 Am Tob B new. 68 67 67 4 69 4 Lie Ac Myers 8.. *9 *B4 684 *94 LorlUard 1* 134 134 I*4 Reynolds Tob... 33 4 314 314 33 Utilities— Abitibi 1 1 Adams Exn ... 3 34 Am For Pwr ... 34 34 Am Pwr & L 1... 9 84 9 84 AT&T.... 97 4 96 4 97 4 984 Col Gas & E 1... 8 74 8 8 Com Ac Sou 24 24 Cons Gas ... ... 514 El Pwr 6c Li 74 74 74 74 Inti T Ac T 54 54 54 54 Lou C.as & El 174 Natl Pwr Ac Li.. 114 114 114 114 No Amer Cos 24 4 23 23 4 2*4 Pac Gas 6c El 26 4 26 4 Pub Ser N J 434 *24 *34 ** So Cal Edison... 25 3* 4 2* 4 254 Std G Ac El 164 16 16 164 United Corn ... 64 64 64 64 Un Gas Imp... 164 164 164 164 Ut Pwr Ac L A 3 34 West Union 264 254 26 264 Shiopinr— Am Inti Core *4 *4 N Y Ship 24 United Fruit 20 20 Foods— Armour A 14 14 Cal Pkg 6 54 54 ... Can Drv 94 Coca Cola 95 944 9*4 964 Corn Prod 33 Cudahy Pkg 30 Gen Foods 314 30 4 30% 314 Hershey 674 Kroger 134 13 13 134 Nat Biscuit 724 32 32 4 33 4 Natl Dairv 234 224 224 23 Purity Bak 74 74 74 74 Safeway 5t.... *64 *64 *64 *64 Std Brands 114 104 114 114 Drugs— Coty Inc 24 24 Drug Inc 38 37 4 374 384 Lambert Cos 354 35 354 354 Lehn Ac Fink ... 154 Industrial*— Am Radiator.. *4 *4 *4 5 Bush Term 9 94 Gen Asphalt 84 Otis Elev 13% 134 Indus Chema — Air Red 374 36 36 374 Allied Chem .... 55 53 4 5* 55 4 Com Solv 6 6 Dupont 28 4 28 28 4 284 Union Carb .... 194 184 184 194 U S Ind Alco 204 20S 20 4 204 Retail Stores Gimbel Bros 14 Kresge 8 8 104 104 104 104 Msv D Store ... 134 13 13 134 Mont Ward 74 7 74 74 Penny J C 27 26' 264 274 Schulte Ret 8t 14 Se.rs Roe 194 184 184 194 Wool worth 36 35* • 384 36 4 Amusements— Eastman Kod ... 504 50 SO 3 * 514 Fox Film A . ... 24 24 Grigsby Gru 4 4 Loews Inc 224 224 224 23 Param Fam .... 34 34 34 34 Radio Corp *4 *4 *4 *4 R-K-O 34 Warner Bros 14 Miscellaneous— Airway App 14 City Ice Ac Pu 194 Congoleum 8 8 Proc dr Gam ... 30 4 30 30 31 Allis Chal 7 7 Am Can *O4 394 394 *1 J I Case 214 204 214 314 Cont Can ... ... 274 Curtiss Wr 14 14 Gillette S R .... 15 l 4 15 15 Gold Dust 124 12 12 124 Ini Harv 174 17 17 184 Int Bu< M 79 4 79 79 80 4 Rest Silk * 44 Un A rest 11 104 10% 114

Local Wagon Wheat

1 City grain elevators are paving 42c for No 2 red wheat, and 42c for No. 2 hard | wheat. NET "PROFITS EXCEED REQUIRED PAYMENTS National Steel Issues Cheerful Report for Quarter. ft;/ United Press NEW YORK. April 29.—1n contrast with the recent trend of earnings in the steel industry. National Steel Corporation sixth largest steel company in the country—today reported net profits for the first quarter above the quarterly dividend requirements. The company had net profits for the three months ended March 31 of 5592.799, after all charges and federal tax, equivalent to 27H cents a share on 2.156.832 no par capital shares outstanding. The present quarterly dividend is 25 cents a share. The earnings compare with 1.926,000. or 89 cents a share in the corrresponding period of 1931. Buying of steel has slightly increased since the end of the first quarter and the company’s operations now are at a somewhat higher rate than prevailed last month. E. T. Weir, chairman the board, informed directors. > I

THE INDIANAPOLIS TIMES

SHORT SALE IS I EXPLAINED IN | EASY LANGUA6E Methods of Operation and Effects Shown by New Book. BY JOHN T. HAWKINS Timet Financial Edltar "Short selling.' What do the words imply to you? Do you picture a wild, ruthless individual trying to take away from you your job. striving to beat down the value of those ten shares of stock in your trunk? Or do you see another picture: The highly organized security and commodity ex- , change, where short selling is a I needed procedure, a vital necessity !to the stabilization of prices, the one thing that stands between you and the man who could depress prices to the vanishing point? Between these two extremes lies , a great expanse of thoughtful territory. Neither convey a true description of the short sale or its effects. The short selling bogey is one that always is with u£ sometimes dormant, as when prices are rising and business flourishing, but always there ready to spring out at the first sign of declining prices. All Details Explained With the wide spread public interest now aroused in short selling on the New York Stock Exchange as the incentive, the one man capable of giving a true picture of the cause and effect of the short sale has written a thorough and detailed analysis of the subject. J. Edward Meeker, economist to the New York Stock Exchange, in his book, "Short Selling." published by Harper and Brothers, explains in popular language every detail of this necessary operation in the purchase and sale of securities. Publication of this book is welcomed by The Times in that it provides* the answer to a series run ; in this paper on the ill effects of short selling. The book will be used as the basis of a short series showing the benefits to be derived from the use of the short sale. First we will take up the definition of a short sale. Sale Is Credit Operation A short sale is nothing but a sale which creates a debt in terms of goods. It is, in reality, a credit operation. In almost a|l lines of business it is customary to contract for the delivery of goods not immtaLately available to the seller. This is the principle of short selling. Automobiles regularly are sold to consum- : ers before they are delivered. The United States treasury dpartment ! often has sold its interest-bearing : notes in anticipation of future revenue receipts ~ ro m the federal income tax. On American stock exchanges a short sale is made in the following manner: The short seller authorizes the broker to sell 100 shares of stock short. The broker finds a buyer and sells him 100 shares of stock, delivery to be made the following day. Actual Stock Delivered The broker then borrows 100 shares of stock from someone who will lend it. The broker then delivers the stock to the buyer and in return receives the full amount of the purchase price. This money then is turned over to the man who loaned the stock, he paying the short seller interest on the money as the money rightfully belongs to the seller. The lender therefor gets the use of the money representing the value of his stock without having to sell his stock, for the reason that the short seller has to some time buy 100 shares of stock to replace that which he borrowed from the lender. In return the lender will give him back the money he used while the stock was loaned out. In the next of this series we will take up the reasons for the short sale.

In the Cotton Markets

ißv Thomson ic McKinnon) NEW YORK, April 28.—The market lost ground slowly this morning. Prices were reduced six points under Wednesday’s close by midday. The trade bought in a small way, but lower prices for i wheat and moderately lower securities furnished the locals with enough ammunition to stage a shell attack against prices. There was little or nothing in the way of southern selling. The weather map was clear, but the nights are too j cool for growth. A long position is suggested. CHICAGO —April 38 High. Low. Close. January 6 7' March * #3 Mav 6 17 6 12 8 13 I July 6 34 6 31 6.31 I October 6 97 6 42 6.42 i December 6.73 8.66 8.6$ YORK I January 6.72 6 60 s so i I March 6.85 6 75 6 75 ! Mav 6 06 5 97 5.97 July 6.25 6 12 6.12 October 6.48 6.38 6.36 December 8.64 8.53 6 53 . NEW ORLEANS High. Low. Close. January #.89 6.56 6.56 March 6.77 6 72 6.72 Mav 6 00 5.94 5.94 July 6.23 6.11 6.45 October 6 45 6.33 6.33 | December 6.57 6.46 6.48 Other Livestock Bv Timrs Sprcial LOUISVILLE. AorU 29 —Hoga— Receipts. 600: steadv: 170-230 lbs.. 63.50 : 325-255 . lb*.. 83.15 : 260-295 lbs . $2.85: 300 lbs. up. *2.35: 140-165 lbs . 82.90: 135 lbs. down. $2 50: sows. $1,154*3.10: stag*. sl.lO. Cat- : tie—Receipts. 125; barley steady to weak at the week level, most common and medium steer* and heifer*. $4 50$ 5.50: onlv odd head to $6: or better since Mondav: bulk beef cows. s3 n 3.50: bulls. $3.25 down: low cutters and cutters. $1.25$ 2 50: bulk lieht Stocker*. $4 505t5.25. Calves—Receipts. 200: steady; better vealers. $441 4.50: medium and throwout vealers. 53 down Sheep—Receipt*. 250. steady, bulk better spring lamb*. 67.500 8: few fat coarse heavy springers $7: most throwout. $6 down: old crop lambs, mostly. $4.50 45 5.50: latter for ewe* and wether* throwouts. $4 down: fat wooled ewe*. $2 50 down. Thursday's shipment*—Receipts. 27: cattle. 140: hors. >77: sheep, none. Bn r nitrd Prtt* LAFAYETTE. Ind.. April 29 Hog* Marker, ateadv: 160-200 lbs . 63 SO 200-225 lbs $3 30: 350-275 lbs.. *3 25: 275-JOO lbs , $3 20: 300-325 Iba . $3 10: I’9-160 lb#.. 62 40. 100-130 lbs . $3 35: roifhs. *3 75 down. top. calves $5: top lambs. $6 Bp United rret* TOLEDO. April 29.—Hors—receipts. 150: markets 10c lower top. $3 5093 65: mixed '3 50 93.65 bulk. S3 30 43 65 pigs $3 25: lights. $3 35 roughs. $203 35. Cattle—receipts 40 market slow: steady: calve#— receipts Light: market 50c higher choice I to extra. t6r6.50 Sheep ana lambs rei ceipis light; market steady. NEW YORK COFTEE RANGE —April 28— High. Low Close. Mav 6.45 6 42 6.44 July 8 42 6.32 6 43 ■September 6 29 9.27 6.27

Bright Spots of Business

Bv Uni If* Frres NEW YORK. April 29.—March net operating income of the first sixty railroads reported a total of *2B 969 000. compared with *3O *26.900 in February. CHICAGO— Sales af ene make af eleetrle refrigerator* daring 19S1 were 52.006 anils aver 1930. while dollar volume •hawed an Inereaae of t19.0M.900. it was renorted. HAMILTON Ontario—The National Steel Company will keep It's plants open all summer because of orders received from the Ford Company of Otnada. R. S Hart, manager, announced. INDEPENDENCE, Kan,—Universal Atlas Cement Company, subsidiary of United States Steel Corporation, will resume manufacturing operation Mav 2. after a shut down of several months, it was reported.

The City in Brief

SATURDAY EVENTS Engineering Society luncheon. Board of Trade. Alliance Francaite luncheon. Washington. Hilton U. Brown post. American Legion. dinner, 6:30. Washington. Great leaders of today can not hope to attain eternal fame until they accept the teachings of Jesus Christ and seek to put into practice the principles of Christianity, declared Uldine Utley, girl evangelist, in her sermon on "The Mistake of Pontius Pilate" to a congregation of more than 4.000 persons at Cadle tabernacle Thursday night. Democratic rally will be held tonight af the Idle Hour theater, College and Massachusetts avenues, in charge of Michael A. O'Brien and Michael F. Lane. Candidates invited are Walter Myers, for United States senator; James E. Deery, for circuit judge; Charles L. Sumner, for sheriff, and W. E. Clauer, for county treasurer. Taxation will be the topic of Frederick E. Schortemeier, former secretary of state, at the luncheon meeting Monday of the Scientcch Club on the second floor of the Architects’ and Builders’ building, Pennsylvania and Vermont streets. Motion pictures taken in Europe will be shown and discussed by Mrs. Hiram Raflensberger at the story hour of the Children's museum at 10:30 Saturday morning. Mrs. Anna Lloyd, school No. 43 teacher, will be the speaker for the nature study class. Meeting of the Northeast Republican Club will be held Saturday night at Compton hall. 2001 Winter avenue. Speakers will be the Rev. Charles Fillmore and Judson L. Stark. Republican prosecutor nomination candidate. E. R. Buckner, club president, will be in charge. Ninth ward Democratic meeting will be held tonight at the Odd Fellow hall, Hamilton avenue and Washington street. “The Job's the Thing’’ was the topic of Chester Milton Sanford, vocational guidance expert, speaking today before pupils of Manual Training high school. Sanford also spoke before the faculty. His subject was •‘The Teacher as a Counseler." Annual dinner-dance of the Shriners' Caravan Club will be held tonight in Murat temple. The dinner will open at fi with dancing between courses. Surprise entertainment will feature the evening. Homer L. Cook is in charge of reservations. How to use the king’s forks, knives and spoons was the subject of instruction given a Y. M. C. A. group Thursday night by Miss Virginia Cravens, dean of Indiana Central college. Next Thursday Fermor S. Cannon will speak on the art of conversation. Members of the women’s Bible class, Southport Baptist church, will be hostesses at a dinner to be given to the Southport Community Brotherhood at 6:30 tonight in the church. David M. Edwards, executive secretary of the Indiana Council on International Relations, will speak. A French fair in the Washington, May 12, will be staged by the Alliance Francaise, E. C. Petri, president, announced at a meeting in the Washington Thursday night. Francis Biraud of Indiana university, spoke on modem French writers. Debating government unemployment insurance, the Purdue university team defeated the Rose Polytechnic institute debaters at a meeting of the Indianapolis section, American Society of Mechanical Engineers, in the Spink-Arms on Thursday night. Henry Sageser and John Martin debated for Purdue and R. K. Toner and G. L. Burt for Rose Poly. Pistol target shooting, tactical problems and a dance will engage, the fifty reserve officers of the Marion county district who attend a contact camp at Ft. Benjamin Harrison Saturday and Sunday. Ma-' jor J. H. Davidson, acting chief of staff of the Eighty-fourth division, will bp commandant. Marriage Licenses William A. Meads. 28. of the Columbia Club, clerk, and Martha Young. 23, of 6071 Indlanola avenue, saleslady. Eldrldge Holmes. 25. of 1307 East Marlowe avenue, truck driver, and Edith Hoitine. 19, of 1307 Marlowe avenue, silk worker. Emmett A. Sponsel, 32. of Batesville. Ind . optometrist, and Alberta Lit*. 21, of 263* East Eighteenth street. Carl Guess, 60, of 165 Douglas street, laborer, and Martha Price. 68, af 1017 South Collier street, house work. John W. Tarpey. 28. of 2215 Beilefoni talne street, window trimmer, and Ruth L. Lynch, 21, of 2212 Bellcfontaine streetHarold Henderson, 2*. of Columbus. 0., tire manufacturer, and Dorothy Doerre. 20. R. R. 3. George Grav. 21. of 2166 South New Jersey street, labeler, and Lillian B. Skllea, 18, of 18(2 Gent avenue. Democratic Clubs Hear Deery “If any judicial candidate promises he can do any more than abide by his oath of office, he is not worth voting for.’’ declared James E. Deery, city attorney and Democratic candidate for circuit judge, in an address Thursday night at the joint meeting of the Riverside, Fall Creek and North Indianapolis Democratic Clubs at Red Men's hall. Twenty-ninth and Clifton streets. Robbery Suspect Arrested Robbery of three filling stations recently was believed solved today with arrest Thursday of Meredith Park, 23, address unknown. Detectives said the suspect admitted robbing stations at Fall Creek boulevard and Northwestern avenue: Geisendorff ans Washington streets and Tenth street and Senate avenue.

PORKERS SHOW STEADY TREND AT CITY YARDS Cattle and Calves Dull In Cleanup Trade: Lambs Undeveloped. Steady trend was a feature of hogs at the Union stockyards this morning. Price showed no change from Thursday s average quotations. The bulk, 100 to 350 pounds, sold for $3.35 to $3.75. Receipts were estimated at 4,000; holdovers were 284. Nothing much was done in the cattle market. Trade mostly was a cleanup affair. Receipts numbered 300. Vealers were steady at $5.50 down. Calf receipts were 600. Sheep were undeveloped early with the supply mostly clipped lambs held above $6.00. Receipts were 700. Displaying a steady trend, hogs in Chicago this morning were mostly unchanged with Thursday's average. The bmk. 160 to 200 pounds, sold at $3.75 to $3.80, with some grades selling higher, while larger weights from 220 to 240 pounds were selling at $3.60 to $3 70. Receipts numbered 20.000. including 10.000 direct; holdovers 10.000. Cattle receipts. 1.000; calves. 500: market, steady. Sheep receipts, 12.000; market, stationary. HOGS . B.ilk Earlv Ton. 22 *3 *o® *OO * O 0 8.500 23. 3 *s® * 0O * 00 2 000 25. 3.45® 4.00 4 00 7.000 26. 3.35® 3 85 3.90 8 000 27. 3 50® 3 90 3 90 8.500 28 3 35® 3 75 3.75 6.500 29. 3.35® 3.75 3 75 4,000 Hwripti. 4.900; market, steady. (I*o-180) Good and choicis. * 3.75 —Light Lights—-(l6o-180) God and choice... 3.75 _ —Light Weights—-(lßo-200) Good and choice.... 3.75 '2OO-220i Medium and good .. 3.70 Medium Weights—->22o-250) Good and choice 3 60® 3.70 (250-290) Medium and good .. 3 *s® 3.50 —Heavy Weights—-'29o-3501 Good and choice 3.35® 3.45 —Packing Sows '350-500) Medium and good 3 SO® 3.00 GOO-1301 Slaughter Digs .... 3.75 CATTLE Rereipts. .100; market, iteadv. Good and ehoice * 6.00® 7.75 Common and medium 3.968 6.C0 (1.100-I.Boo* Good and choice 6 00 ® 7.75 Common and medium *.so@ 6.00 —Heifers— Good snd choice 5.25® 6 75 Common and medium 3.50® 5.25 —Cow*— Good and choice 3.50# 4.50 Medium 2.75® 3.50 Cull and common 1.506 2.75 —Bulls (yearlings excluded) Good and choice beefs .I.oo® 3.75 Cutter, common and medium.. 2.00® 3.00 CALVES AND VEALERS Receipts. 600; market, steady. —Vealers— Good and choice t 5.00® S.t.O Medium 3.50® 5.00 Cull and common 2.0042 3.50 —Calves— Good and choice 3.50® 500 Common and medium 2.50® 3.50 —Stocker and Feeder Steers— Good and choice 4.50# 635 Common and medium 3.50® 4.50 1600-1.590) Good and choice * 50® 625 Common and medium 3 50® 4.50 SHEET AND LAMBS (Shorn Basis* Receipts, 700; market, steady. Good and rhoice * 6.00® 6.50 Soring lambs 5.00® 8.50 Common and medium . * 00® 6.00 Ewes, medium and choice... 2.25® 3.2.5 Cull and common 1.006 2.25 Other Livestock By United Press CHICAGO. April 29.—Hogs—Receipts. 20.000; including 10.000 direct; moderately active, steady: 170-210 lbs.. *3.70®3.85: top. *3 90: 220-250 lbs.. *3 5063.75; 260-320 lbs.. *3 30®3 50; 140-160 lbs. *3.50®3.75; pigs, 53®3.25: packing sows. *2.75®3; light lights. I*o-180 lbs., good and choice. 53.5068.80: lightweights, 160-200 lbs., good and choice, 53.60*13.90: medium Weights, 200-250 lbs., good and choice. *3 5065.90: heavyweights. 250-350 lbs., good and choice, *3.2o(fi 3.60: packing sows. 275-500 lbs.. medium ana good. *2.65®3.10; slaughter pigs. 100-130 lbs., good and choice, S3 3.50. Cattle—Receipts. 1.000: calves. 500; generaly steady, but very slow; most steers. *4.75®5.50 best around *6 50; largely cleanup market; most fat cows going at *2.75*7 3.75. and yearling heifers at *s®6; general trade fully 25c lower for the week; slaughter cattle nad vealers; Steers. 600-900 lbs., good and choice, *6.50® 7.75; 900-1.100 lbs., good and choice. J6.50®7.75; 1.100-1.300 lbs., good and choice, 56.50® 8: 1.300-1.500 lbs. good and choice. *7.504(8 : 600-1.300 lbs. common and medium. **.50®6.50: heifers, 550-850 lbs., good and choice. *5.25®>6.50; common and medium. *3.755i 5.25: cows, good and choice. S3 756*.75: common and medium *2.50® 3.50: low cutter and cutter cows. *1.506 2 50: bulls, yearlings excluded, good and choice (beef). *3®*.25; cutter to medium. *2.50®3.10: vealers. milk fed. good and choice, **.756 6. medium, S*j*.7s: cull and common. *3®*: stocker and feeder cattle; Steers. 500-1.050 lbs., good and choice. *s tr 6; common and medium. *3.75® 5. Sheep —Receipts. 12.000; old crop lambs at standstill. asking higher and bidding lower; springers sharply higher, part deck strictly choice. 45-lb averages 59.50: others. $8 ®9: asking. *7 35 for Califorlans; slaughter sheep and lambs Lambs. 90 lbs. down. *B'‘< 6.85 medium. *5 25®6; 91-100 lbs., medium to choice. *5®6.75: all weights, common. *3.50®5 2!i: ewes. 90-150 lbs., medium to choice. $102.50: all weights, culls and common. 50c®*1.50: feeding lambs. 50-75 lbs., good and choice. *5®5.65. Bu United Prei CLEVELAND. April 29—Hogs 1.000, holdover none: steady to 15c lower: 140230 lbs , 53.806 3 85; latter price sparingly 240-100 lbs.. 83.50®3.80; pigs. *3 50. Cattle —225; steady: common steers. (4.75®5.85; bulk. 55.50 down; rows. *263.50; few **; weighty sausage bulls. (3.50 6 3 65. calves—--350;-strong: wiots 50c or more higher: better grades. *6 50 67.00: c.ill to medium. ** 66; largely *5 50 upwards Sheep—6oo; clipped ijrnbs steady; springers unevenly lower: bulk shorn offerings. *8.50 down; cull to medium. *3®5.50 according to quality; few plain springers. *7.50. Bu United Pre* EAST ST LOUIS. Anrtl 29.—Hogs—Receipts. 7.000: market. 5® 10c higher: top. *3 70: most I*o-220 lbs.. *1.5063.85; 220260 lbs.. *3 3563 50: 100-130 lbs . *13.35; sows. *2 *062.60 Cattle—Receipts 600; calves. *00; market, few loads steers, unsold other classes mostly steady: mixed vearlings and heifers, largely. *4.75'*/5.57; rows *363.50: low cutters. *lso® 1.75; sausage bulls. *2 25® 3.85: good and choice vealers. *5.75. Sheep—Receipts. 500: ! market, indications, about steady: spring lambs. *7; asking up to *6.25 or above lor better wooled lamb*. By United Press EAST BUFFALO. N Y.. April 29—Hogs —On Sale. 3.600: active to all interests: weights above 150 lbs., 10615 c under Thursday's average; good to choice. 120200 lbs., t*. medium and mixed kinds. *3.75 220-230 lbs.. *3 90 ; 2*o-250 lb*.. *3.6563.75; rough sow*. *2 50; smooth strong weights. *2.75. Cattle —Receipts. 350 nothing done on steers and heifers; bidding unevenly lower: cows rather slow; about steadv: cutter grades. (1.506 2 50; calves, receipts. 1.100; vealers active, strong to 50c higher; good to choice largely *6.50. common and medium. *3® *SO Sh*ep—Receipts. 1.000. lambs, about steadv; quality and sorts considered; good to near choice clippers. 56.50; similar kinds woolsklns. 87; bidding sharplv lower on shorn yearlings and aged wethers. By United Peru PITTSBURGH. April 29 —Hoes-Re-ceipts. 3.000, market, mostly 20® 25c lower. 140-110 lbs. *3 75®*; 220-250 lb*.. (3.45®3.70: 260-300 lb* . (3 2563 40; packing sows, *2 506 2.75. Cattle—Receipts. 55: market, little rhanged; medium to good steers. *5.3568 75: hatters. *4.6565.75; beef cows. 83.25 64.40: lower grade cows quoted 51 5063: sausage bulls. *2 8563 30: calves, receipts. 200: market, mostly steady: good to choice shorn lambs. (5.756 6 50; soring lambs, (869; shorn wethers, *2.7563.25. By United Preit CINCINNATI. April 29 —Hogs—Receipt*. 3 100. including 1 150 direct; held o'er 1 400; mostly stesdv spots 10c higher: better grade 160-230 lb*. 53.6062.73; mostly *3 75 on 210 lbs. down: a few choice hghtweiehts to shippers. *3.85: 235-280 lb*., *3 2563 50; some 300 lb* . S3 1063 IS; 120150 lbs. mostly *3.65 bulk sows. *3 50 Cat. tie —Re-eipts. 200: calves. 325. alow, steadv to weak odd lax: medium steers and heifers. 84 50 6 3.50 a few better finished yearling* *625: molt beef cow*. *3.256 3.75; low cutters and cutter cows. *1.7563: bull*. *2 7563.25: best ouotable *3 50: vealers steady: better grades *4.506 5.50: lower grade* tnortly *4 dawn Sheep—Receipt*. 800 limbs ' eady; better grade nringrrs. <7.£P' * nojtlv: common k'nds downward to 45.50 or below: old crop ctipoed lambs in narrow dajpand quotable *6 down; sheep 50c lower, aged. 52.50 down.

Dow-Jones Summary

United States Playing Card Cos declared a dividend of 37', cents. WsJJJi fW'of record June 20. in previous three months 50 cents wa# paid. St Louis Southwestern Railway system irt quarter ended M,rch ne loss amounting to *7*4 978 aft*/,.***., snd charges, against nj* ]?*•?* tn first quarter of 1932. March Inss totaled *134.810 against net loss of 1124.891 in March of 1931 Heathen* Tip* Line deatared the dividend af 38 rents, payable June 1, f reeerd Msv 16. prevleasly 59 eents was paid qoarterly. Western Maryland Railway in March showed net income of *32.908 */ ter w “?£ s snd charges, against *102.106 in March. 1931; three months ended March sl. }•** 1 net income amounted to *139.758 against 8348.877 in first three months of 1931. Freeport Texas Company dec'ared the regular quarterly dtvtdend of 58 cents, payable June 1 of record May 13. Canadian Pacific tn March reported net income of *1.170 503. against 1.33S 780 tn March. 1931; three month* totaled 82.01 j 415. against *2.465.246. General Cigar Company in dtarljr ended March 31. 1932. estimated net profit at *302.136 after charges and federal taxes j equal after dividend requirements on 7 per cent preferred stock to 45 cento a | share on 473.962 common share*, against *445.326. or 75 cents a share tn first quar- j ter of 1931. Msnsanto Chemical Works in quarter earned 94 eents a share, against cent* In March. 1981. quarter. Walgreen Company in six months ended March 31 earnings amounted to 78 cents a common share, agatssl 80 cent* tn same period of last year Earning of ninetv-nine telephone companies as reported to I. C. C. *bowj oper- ! atmc Income of *18.490.134 for February, against *21.963.214 in February 19*1: two months totaled *37.638.865 against *45.087.130. United Airwsvs and Electric In March reported net loss of *126.983 /[Wr llsro charges, against net Income of *l2 21. tn March 1931: three months net loss amounted to *348.609 against net loss of $4,488 in March 1931 ouarter. Missouri Pacific March net operating income totaled *9.19.127 against *1.358.800 in March. 1931: three months. *1.778.010 against (1.169.297. National Distillers Products In March quarter showed profit of *223.473 after all rharces. but before federal taxes, against $301,565 In March 193i quarter. Net profit of Kresge Department Stores. Inc. and subsidiaries for year ended Jan. 31. 1932. amounted to $328,496 after taxes, j depreciation, etc. Net Income of Continental Baking Corporation and subsidiaries for fifteen weekr. ended April 9. 19.12. totaled $712,173 after interest, depreciation, federal taxes, etr.. against $822,383 in fifteen weeks ended April 11. 1931. Engineers Public Service Cos. tn twelve months ended March SI. 1932. earned $2 01 a common shares, against *2.39 in previous twelve months. Bethlehem declared the regular preferred dividend payable July 1. of record June 3. Hunt Brothers Packing Cos. in flsral year ended Feb. 29. 1932, showed net loss smounting to $.190,791 against net profit of *151.366 tn preceding fiscal year. Pittsburgh Ac West Virginia report-d March net income at *47.802 against *B2 - , 985 in March. 1931; three months *89.125 against *204.468.

Net Changes

By United Per** NEW YORK. April 23.—Closing prices and net changes on principal issues traded on the New York Stock Exchange today: on. Allied Client 55% 1% American Can 41 2% Amer Tel Ac Tel 98% 7% Auburn Auto 12% 6’, Beth Steel 12% % Ches Ac Ohio 16% 1 Consolidated Gss 51 % 2% Du Pont 28% I', Electric Power 7% % Gen Electric 14% % Gen Motors, unchanged 11% Int Tel & Tel 5% % Loew'i 23 % Montgomery Ward 7% % National Biscuit 33% 1% National Power Ac Lt 11% 1 New York Central 18% 1% North American 24% 1% Pennsylvania 12% % Public Service 44 1% Radio, unchanged 4% Sears Roebuck 19% 1% Standard Oil New Jersey 22% 1 Union Carbide 19% 1% Union Pacific 52% 2% United Air 11% 1% U S Steel 28% 1% WeVinghouoe Elec 22% % Woolworth 36% 1%

Produce Markets

Delivered In Indianapolis prices: Hens , heavy breeds. 13e: Leghorn hens. 11c: Broilers, colored springers. 1 3 pounds up 17c: Leghorn and black, it* pounds up, 14c: i bareback and nartiv feathered 10c. Cocks and stags. 7c: Leghorn cocks. sc. Ducks j large white full feathered and fat. 7c: j small 6c. Geese full feathered and fat. Isc Young and old guineas. 15c. Eggs | i No. 1. current receipts. 9c. Butter. 36 to 27c. undergrade*. 24 to 25c. Butterfat 32c These prices for healthy stock free from feed bv the Wadlev Company. By United Pre* NEW YORK. April 29 —Potatoes —market steady: southern. $499.25 barrel: Idaho $1 90'<i2 40 sack: Bermuda. $74<9 50 barrel; Maine. $1,754/2.25 barrel: Canada. $1 85W 2.50 barrel. Sweet potatoes- market quiet: Jersey baskets, 25c#51.50: Southern baskets. 35c4/SI.OO, Flour —market weak; spring patents. Stub'll 4.45. Pork—market 1 dull: mess. $16.75, Lard—market weak: j middle west spot. $4,504/4.60 per 100, pounds. Tallow —market quiet; special to I extra 2'*/2‘ic. Dressed poultry— merket ■ regular: turkey*. 15530 c: chickens. 15$ 27c: fowls. 104r22c; Long Island ducks. 16c; 1 brqilers, 20$ 30c, capons, 18$ 35c Live, poultry—market steady: geese. 7912 c;, ducks. 9$ 12c: fowl*. 164r20c: turkey*. 16 4>25c: rooster*. 94/100: chicken*, pullets. I 28c; broilers, 12$ 26c: capons. 25$ 35c; -.oilers, 1 2$ 26c; capons. 25038 c. Cheese—merket quiet: state whole milk, fancy to specials. 10'i4* 19're, young Americas, 11'* By T nitrd Prrun CHICAGO. April 29—Eggs—market steady; receipts 20,283 ca*e.: extra first*. 12* *il3lc: firsts. 124i13' , f; current receipts. 11011 l c; seconds lO'jC. Butter—market 1 steady: receipts 7.848 tubs: extras. 19'*c: extra firsts. IS-’lif} 19c: flrtss. 17'j$18'ic: seconds. 16517 e: standards. 199 c. Poultry —market steadv: receipts no cars in: one due. fowls. 134/15c: stags, 11c: leghorns.: 12c; ducks. 114/Me; geese. 8c: turkeys. 15’ 4i23e; roosters. 8c; broilers. 214i22c. leg-j horn broilers. 20c. Cheese —twins. 9',*- ! 10'tc: young Americas. 10’>4/l0 3 ,r. Pota-I toes—on track, 209: arivals. 101: shipments. 746; market steadv to Arm: Wis- j consln round whites. 75585 c; Idaho russets. $1.350 135: Minftegot* and North; Dakota cobblers. 75$ 85c Texas Triumphs, few *4. By T nilnl Prenn CINCINNATI. 0.. April 29 -ButterPacking stock. No. I. 18c: No 2. 12c. No. i J. 10c: butter fat. 13815 c. Eggs—Higher, I cases Included, extra firsts. 12'oc; seconds. 10c: nearby ungraded. 12c. Live poultry —Thin and coarse stock sells onlv at heavy discount' fowls 5 lbs. and over, i 13c; 4 lb*, ana over. 13' *r; 3 ibs and ; over. 13'*c: Leghorns. 3 lbs and over ' 12'ic; roostres. 7c. colored broilers. 1 1 1 lbs. and over. 21c: 2 lb* and over. 21c, ! partly feathered 14c; leghorn broilers. I 1 ; lbs. and over. 21c: 2 lb*, and over. 31c; partly feathered. 14c: leghorn broiler*. l* | lbs. and over. 20c: 2 Ids. and over. 21c; black springers. 12c: ducks, under a lb*., sell at liberal concessions, ducks white. 4 lbs. and over. 12c; under 4 lbs . 10c colored 4 lbs. and over. 12c: under 4 lb*.. 10c; turkeys. No. I hens. 8 lba. and over. 18c: young toms. No. 1, 10 lba. ; and over. 16c. By Unit'd Prrtt CLEVELAND. Anri! 29—Butter—Market. I steadv: extras. 23 ! *e: standards 23 ! *c. Eggs—Market, firm: extra firsts. 13c: rur- . rent receiots. 12'ic. Poultry—Market, steadv: heavy fowl*. 15916 c; medium fowls. 164/17c; Leghorn fowl*. 13$ 14c. heaw broilers. 24025 c: Leghorn broiler*. 20921 c ducks, 14015 c: old cocks. 10c; geese 11912 c: stags. 11013 c. capons. 23c Potatoes —Ohio. New York. Pennaylvanla, 609 65c porer. 50c per bushl: Maine, Green Mt . 61 2501.>5: few *1 50 per 100lb sack: Idaho Russet large sixed $1,759 185. medium sixed. $1.6001 85 per 100lb. sack. Mission Groups to Rally Meeting of women'* foreign missionary societies of Methodist churches in the Greencastie district win be held Tuesday at St. Paul'* M. E. church. Rader and Eugene street*. Principal speaker will be Miss Harriett Wilson, missionary, returned from China. State Florists to Meet May meeting of the State Florists' Association of Indiana will be held Tuesday night at the florist*' supply house, 225 East Ohio street. '

APRIL 29, 1932

WEAK ACTION CONTINUES IN WHEAT MART Corn Again Sets New Lows for the Season in All Deliveries. BV HAROLD F. RAINYILLB United Press SUIT C*rfespondet CHICAGO. April 29 —Wheat extended Thursday's loss another fraction as the Board of Trade opened today. Weakness in stocks and at Liverpool combined with continued liquidation in May to send wheat lower. Corn again set new lows for the reason :n all deliveries and at the. start May was within ha cent of the .lowest figure in thirty-four years. All deliveries cf rye and oats, except July in the latter, w:xe at new lows for the season on scattered selling in sympathy with wheat and com. Foreign Demand Slow At the opening wheat *as J 4 to *' cent lower and oats ’ to \ cent lower. Provisions were weak and lower. Liverpool was about as expected and showed l l * to 1\ cents lower at. mid-afternoon. The demand for wheat from Europe is restricted by the favorable crop reports from United States and Canada. Argentine shippers are anxious to market their supplies before the American crops come on the market, making an easy situation for the foreign buyers who remain indifferent. Better crop news and liquidation sent local prices downward Thursday. Weather Is Cloudy All deliveries of corn set new lows for the season again Thursday, with May nearing the record low of 29 cents set in 1898. Fanners also are selling heavily both corn and hogs in order to raise money to meet taxes due on May 1. The cash demand is much better, however. Interest in oats is not large owing: to the activity in the other Trains. Prices are low with September and December at new lows Thursday Chicago Grain Range —April 29WHEAT— Prf v. High. Low. 11 00. clov*. Mav 53', 53 ,5S' .64', July 56', .55’, .56’, 56% Srpt 58% .58% 58% .59% Dec .62 .61% .61% .62% CORN— Mav 2P% .29% 29% .3(1%. July 33% 32% .13% .33% Srpt 35% 15% .35% 35% Dec 36 ,35% .36 .36% OATB - Mav 21% .20% .31% .31% July 3| .21% .31% .2?% B*pt 2T% .22% .22% .12% Dec .. .24'* .34% RYE— May 37 .36% .36% .37% July 40', 39% .39% .40% Sept 42% .41% .41% .43** LARDj Mav 4 20 4 15 4.15 4 20 July 4 27 4 32 Sept 4 40 4 37 4 37 4.43 Oct 4.40 4 17 4.37 By Time* Special CHICAGO. April 29—Carlots: Wheat, ! **; corn, 183; oats. 42: rye, 22. and bar!ey, 4. By Timet Special CHICAGO. April 28 Primary receipts— Wheal. 467.000. acalnst 389.000 corn. 403 - 000. against 459.000; oats. 171.000 againat. 644.000 Shipment.* -Wheat. 830 000, againat corn - *56.000. against 974,000, oats 209,000, against 709.000 By United Preti CHICAGO. April 28—Cash grain close: Wheat No. 2 red. 56%e; No. 3 red. 56c: No 2 hard. 56%gi57c: No. 2 yellow hard 36',c: No. 2 mixed. 56%c; No. 3 mixed. 58 ®56 ,c. Corn-No. 2 mixed, 33#33%e: No 1 yellow, restricted billing. 31%e; No. 2 yellow. 336 33c: No. 2 yellow, restricted billing. 31 %c: No. 3 yellow. 31632 c; No 4 31c ~N o - 1 whl,e - 3,c ; N ° 2 white. 32®3 3 %c. No 4 white 3!e Oats—No. 2 white. 22% 4135 cNo 1 white 22®22%c; , No 21',c. Rye-No. 2. 39c, Bar*9 V ®U| J 75 55C Tlmot hv-*3®3.25. Clover— By United Prem TOLEDO. April 28—Cash grain elose: Grain in elevators, transi' billing Wheat N° 2 red. 55%®56%c. Corn —No. 2 yel-L-f 33 i*j34' c Oats- No. 2 white. 25%®. si sr ' Bve—No 3. 44®45c. Track prices. 28%c rate: Wheat —No. 2 red. 50®50%r: No. 1 red. lc premium No. 3 red. to 3c discount: No. 4 red. 3 to 5 cents discount Corn—No. 2 vellow 29%®30c; No. 3 yellow. 28%®20e Oat*—No. 2 white. 22%6 24r; No 3 white. 21 %® 23c. CloverPrime. *9 Alsvke—Cash. $8 7.5 Butter— Pancv creamery prints. 24®25c Eggs Extras. 11%®:2e. Hay—Timothy, per ewt. 80 cents.

Cash Grain

April 28— The bids lor nr lots of grain at the call or the Indianapolis Board of Trade r o b shipping point, basis 41%c New York rate, were: Wheat—Weak: No. 1 red. 45f46e: No 2 red. 44® 45c No 2 hard. 44 r 45c. Corn-Weak; No. 2 white. 23%®24Vjr s*o- 3 white. 22'J®23',c: No. 2 vellow 22%23%c: No. 3 vellow 21%®X%c No. 2 mixed. 21% 1 822%c; No. 3 mixed. 21%tt 21 * aC. Oats- Weak; No 7 white, 18%®i9' eNo 3 white. 12%® 18%c. . ,' r ° b - country point* . P lC C. r ,e,s Cincinnati or V ' m ' 3M ' N ° —lnspections—t t r * ri * c#r,: N<> - 2 mixed, i car. Total. 5 car*. V : No i, 2 *hite. 6 cars: No. Ton® 25 ear*' r *' N °' 3 VelloW ’ 13 e,r * I°eVh _N m. J .! W aJi t '' * c * r!: No * whll '‘ 14 csrs. Totil. 20 cars.

New York Curb Market

Bv Thompson A McKinnon —April 29 11:** • 11:00 Alum Cos of Am is Goldman Sachs.. i', Am C.as Ac Elec 24% Humble Oil J 7% Am Sup Pwr ...1% Int Super 4% Ads Gas Ac Elec. 2% Int Pet 10 Cent Sts Elec... 1 Midwest Ntil.... % Cities Service... S’. Mt Prod 2% Comm Edison.. 69% nib Hud Pwr 4% Cord 2% Pitt Glass 14% P**v Ac Cos 8% Penroad 1% E! Bn A- 8h 12% Btd of Ind 16 Elec Pwr Assn.. 5 Un Gas A 1% Gen Aviation 3% Un Lt A- Pwr.... 3% Tord of Eng 3’, Ur. Fndrs 1 Building Permits West* * Hen rr, Tj ' flmn * * UUon ’ 7,1 Henrv*"m wo" 1 burfu - building. 731 West 7j unk * * n<i pumps - H.?dlnc^l.a3o. Pn ' ,, * l • rfroof ' lm North

Zaiser & Zaiser Incorporated We Buy and Sell INDIANAPOLIS POWER AND LIGHT PREFERRED IZ3 E. Market i.ioeoiw tm

James T. Hamill & Company Private Wire to All LeadlUf Market* Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bid*. Tel.. Riley 319-I—Blley s*