Indianapolis Times, Volume 43, Number 306, Indianapolis, Marion County, 2 May 1932 — Page 9

MAY 2. 1932.

f'Wi&

MORE than on* hundred Highlander* w*r* out Saturday afternoon to send the north side tournament season away to a flying start. That number was augmented for the Moak dinner that followed the golf plav. The tournament honors went to Russell Cook, who now seeks laurels as a golfer. Russ was coach of a championship Danville Normal collcto basketball team a few season* zo and now is Americanization tracer of the American Legion, in which capacity he promotes the Ifr'nn “Junior world series” Cook had a cross 85. but a very handy handicap of 18 gave him net 87. pood for first prize L. L. Ban,*rd had 79 gross and 69 net for second place. mum In tha hill nrpltkf< tonrnev Rnry Simon* raptured flr*t with a *ro* af 77. Ralph V"m had rrrand heat, • 79. and Everett Fjnew third with *A. Dor Gilchrist, Jim Stevenaon nd Prlr thiflrr til had Rla. hot draw their card* In lh*t order for lha next thraa price*. In thf low nat division of tha *waapatake-, Lucius French and Or, J. William Wright raptured first honor* hatwarn th*m with nat **t, hart MrCammon. McLeod and Harrison It-nnatt alt Had for third with tl* and Roy Marti rama in with it nrl. m m m Bt:iy Hrinlrtn showed u* * nastv looking wound n ’hr palm of his left hand Surds - which ma- or roav not ha tha reason Ri!i* vl'imr'd rarantlv and fired a few 77* 74* ' and 73s and. I understand nna 77. o-.ar Speedway course Rill was on the pra.nea rrren whan wa <r him and tha tnjurv r-.t l not aann to affect hla putting an' Ei!! ha* a atroka of his own on tha putting green. mum nv Mitrhall. *lar South Grove linkvman. rama through with anothar of hi* atallar round* han ha flrad a 11. ona over aor*a par. al lha Orova Kundav. Hava hat plxved I arenty-aig round* this saason for an average of 17.1 atroka* par round. That, rouplari with tha fart that Dava stared a raat romrbark Sunday to fat undar tha uirr naar par. maka* hia round worth* of mantion, although tha fart that Dave Mitrhe.l shot a nrar par round ha* raaad to hr nrwa. flara usually hrrak* nar hrfora hr fat* puhltaity. mum Starting out Rundav. Dava htrdiad tha Aim hola. hut slipped ovar pai a stroke arh on tha aarond and third. Three ■traigh' pars indicated hr wa.* back on hi* game hut he slipped over on the seventh, eighth and ninth and reached the mrn four over par with a 40 Da\r captured birdie* on th eleventh and twelfth holes and bagged an eagta thrre on the fifteenth. He was even par op the eighteanth tea but slipped ovar a stroke on the last hola and finished with <3 Par Is 72. mum South Grove golfer* played first round matrhrs In s two-ball foursome match play tournament Stindav. Result* follow: George RrafTnrd and Mas Blackburn defeated .lark Crawford and Paul RUekburn, 3 and 2. Krnnr Hot and H. 11. Smith defeated Harman Oisrn and Boh OThtrr. 3 and t. HHI Weber and Ray Austrrmiller drfeatrd George I-ourks and W. R. Blackburn. 4 and t. Tommy Hansen and Charles Rrorkman and Kannrth I.ouck* and Ercal llilligos* tram* advanced hy reason f default*, thalr.opposition failing to appear. Second round matrhrs will be played neat Sunday. m m m Tha rarry over Riverside blind par rlub tournament which began under blur skira Saturday, April 23, but was postponed berau e of rain and rpld on Sunday, the 71 rame to a happv rllmax during the wrer-rnd. Five players tied for first honors. Each had a net I*. ■lor Mor lev was duly thankful for hia May day fortune on the draw. Others who also had nrl Ifts, hut enuldn't compare with .loa in tha draw business ware Rill* Read Jr.. Rit Kimmer. Jo* McGuire and llarry Cantrrbary. a m m The tie business carried cfr to the second placer* and five of the bov* were even for that place with Harry Dillenger winning the draw Others who htd its were Nelson Marks. H L. Pierson, Joe Himnvel and Carl Smith. Jack Stevens won third prise unopposed but Hal Gray and George Oburn with 78 tied for fourth and Lvle Welsenbtirg and Jerry Wethl with 77s tied for fifth. Gray and Welsenberg won the draws. m m m John McGuire's 72 made a week ago held up for low gross honors and if you don't remember it wa* made with handicap, Tbeie wa* a big crowd out Ihe last week-end. many of them becoming new member* of the club. A strong wind swept the rourse Sunday and made sroring a l.t difTirult hut f.d Uriah and Rill Reed Sr., raptured gross 75'*, and Ruasell Stonehouse, the course pro. hit up a 74. mum Speedway rourse was in marvelous shape Sunday and a large rrowd braved the cold blasts for a round over the popular race track link* Kverv creep was in perfect condition and fairway lies were teed bv a heavv turf that mnds’brasste and iron shot* easv. Scoring was a bit difficult, particularly on the long holes inside the track, due to a heavy gale. m m m The rare track certainly was a hu*y spot. Quite a few of the hoy* who will hattlr for the gold on May 30 were riding their Iron hores over the bricks. An unusual number of plane* were rearing overhead. The golfer* swelled the population and the dandelions—boy. there are million* of them that should be turned Into something besides fairway grief for the golfers. When they turn white It wttt be just 100 bad.

Gone, but Not Forgotten

Automobile* reported to police as stolen belone to: Charles Webber. Toledo. O Wh.onet roadster from Hawthorne lane and Washincton street. Chester Bailev. 844 North Capitol avenue. Chrysler Ceuoe. 9-378, from 318 West Vermont street. Central Buick Company. 803 North Capitol arcane Buiek sedan. M-S4. :rom in front of I’ll Southeaster.! avenue Walter Lauehlln 826 West Twentv-ninth street, from Ohio street and Capitol avenue. Glen Hill. 733 North Senate avenue Hupmobile sedan, from SPC Indiana avenue Do vie White. Company E Eleventh Infantry, Ft Hartson Chrvsler coupe. 81-308. from Ft Harrison Robert Ennis. 938 North Oriental street. Ford roaoster 68-384. from Ohio street and Senate avenue. B. D Silver 108 We 4 t North street. Willrs-Kmsht roadster 138-194. from 606 North Iliinou street Antonio Feraro. 819 Elm street Ford truck. T 33-731. from Alabama and Market street. Frank Maurer 1438 North Holmes avenue. Ford coupe 38-393. Irom Virginia avenue and Waahtneton street. Miss Ruth Wirev. mg North Alabama street. Nash coach, fro 1319 North Alabama street. Capitol Motors Company. Capitol avenue and Mirhtcan street Dedce coupe, M-30 from •*970 West Fourteenth street Eleanor Ruaenatein 2915 Highland place Busck sedan, from 1100 Woodlawn avenue Thomas Ralston. 933 North Capitol avenue Chevrolet coceh 105-184. from Twelfth street and Capitol avenue. Frajtk J Grimm 3340 North Meridian at reel. Ford roadster. 3V438. from in front of 38 South Tremont avenue.

BACK HOME AGAIN

Stolen automobi’-s recovered by police belong to John Fields. 3034 North Cen tal avenue. Nash course, found at 3334 West Washington street. Duncan McDeugaL *l4 Merchants bank bui!d:ne Dodge sedan, found at Manleve avenue end Twentv-ftfth street Chrrß*er count 81-309. no certificate of till*. louad at 3353 North Sherman drive Suiek coupe. 105-408, no certificate of title found at 300 North Mount street .1 C. Malln. 9675 Nor'fc Delaware street. Desoto aedan. found at * East Tenth street. jgj NEW YORK C RANGE -AP. A High Low. Close. September 6 13 6 38 6 32 December

lIQUIDATION IN STOCKS SENDS PRICES LOWER New York Central Breaks to New Low at 15 I*2; Steel Weak.

Average Stock Prices

At erica of thirty industrials for Saturday 541 11 un .I*. Averse* of twenty rails 21 44. off tA. Average of twenty utliitiea 24 22. up 01 Average of forty bonds 74. 99. off 26 BY ELMER C. WALZEB United Pres* Financial Editor NEW YORK. May 2—Stock* dropped 1 to 4 point* in slow steady liquidation during the first two hours of trading today. Railroad shares were hardest hit; pressure converging on New York Central which broke to anew low at IS 1 ?, and Atchison, which broke to 35' 2, off 2‘a. Other issues to make new' bear market lows included B. Ac 0.. 8. off %; St. LouisSan Francisco. 14, off 4; Canadian Pacific, 104, off V Norfolk Ac Western dropped 3 points to 81. and Delaware Ac Hudson. 34 to 53. Steel Eases Off Woolwortn was in supply in the early trading, breaking to anew low at 334. off 14 points. Roebuck also made anew low for the major decline at 164, off 4. After holding steady for a time in the early dealings. United States Steel common succumbed to selling after its preferred broke 4 points to 74. Steel common made anew low since 1908 at 274, off h from the previous close. Other issues to make new lows for the year or longer included Case at 20. off Union Carbide 174, off 4; General Motors 104, off 4; Coca Cola. 924. off 2; Eastman Kodak 46, off 24; Lambert 324, off Consolidated Gas 48. off 14; | Consolidate and Gas 48. off 14; j Houston Oil 94. off 4; National Lead 50. off 34; American Tobacco B 65 4. off 2. and American Can 374 ex-dividend, off 4. Declare Extra Dividend Just before noon directors of Standard Oil of New Jersey ordered declaration of the usual extra dividend of 25 cents a share in line with expectations of many traders. The stock eased off slightly on the good news after having held around the previous close of 224. Commodities continued to decline. with cotton making new lows for the season. Wheat was down fractionally. Refined sugar made a record low. Bonds were mostly lower with special weakness in the railroad division.

Bank Clearings

INDIANAPOLIS STATEMBNT —May 2 Clearing* *3.644.***** Debits 5,1*5,000.0* TREASURY STATEMENT -Mav 2 Net balance for Abril 29... *312.859.538.74 F.xnenditure? 16.910.376.5* Customs reel*, mo. to date.. 20.746.689.71

New York Curb Market

(By Thomson A- McKinnon) —May 2 11:00 11:00 Am Cvanamld.. 2* El Bond A Bh. 12 s * Am Gas &El 25 Ford of Can .. 3’a Ark Gas A 1 Goldman Bachs 1* Asso Gas k £!. 2 1 *!Hudson Bay ... l'j Braz Pwr A- Lt. 7", Int Pet 9’a Can Mare ’* Nia Hud Pwr... 4‘j Cent Sts E 1.... 1 Penroad 14 Cities Service.. 4 Std of Ind .... 16 Com Edison ... 69 1 * Un Lt k Pwr... 3V Cord 2’a Un Fndrs 1 Deer A- Cos .... 6 i

Investment Trust Shares

ißv Jamas T. Hamili k Cos.) —May 2 Bid Ask. Am Pounders Corp com 4 4 American and Gen Sec 2 3 Amer Inv Trust Shares 14 ... Collateral Trustee Shares 'Ai 2*. 34 Cumulative Trust Shares 24 24 Diversified Trustee Shares 'A) 54 ... Fixed Trust OU Share* 14 ... Fixed Trust Shares lAi 54 ... Fundamental Trust Shares <A 24 2’. Fundrmental Trust Shaer* ‘Bt 24 34 Leaders of Industry 'A' 24 24 Mass Inv Trust Shares 12 13 Nation-Wide Securities 24 24 Selected Cumulative Share*,.. 4'* 4*. Selected Income Shares 24 24 Shawmut Bank Inv Trust 1 Std Amer Truit Sheers 2'* 24 Super Corp of Am Tr Share*.. 24 24 Trustee Std Oil 'A) 24 14 Trustee Std OU 'B> 24 3 U S Elec Light A* Power tA' . 13 15

New York Bank Stocks

<Bv Thomson * McKinnon) —April 30 — Bid. Ask Bankers 49% 5184 Brooklvn Trust 167 182 Central Hanover 109 113 Chase Natlonsl 29*4 SI 1 4 Chemical 39% 31% City National 35*. 37* Corn Exchange 49 Commercial .. .... 120 128 Continental 12% 14’a Empire 22 4 First National 1,290 - 1.390 Guaranty 243 248 Irving 16 17 Manhattan A- Cos 20' 23'. Manufacturers 24% 26% New York Trust 77 80 Public 20 23

Foreign Exchange

ißy James T. Harm!! A- Col —Mav 2 Open. Sterling. England 3 66 5 , Franc. France 039. V. Lire. Italy 051 V. Franc. Belgium 1401 Mark. Germany 2381 Guilder. Holland 6050 Peseta. Sprain .0784’Krone. Norway 1855 Krone Denmark 2000 Yen. Japan 3238

In the Cotton Markets

April 30CHICAGO High. Low Close. January 6.34 6.12 6.12 March 6 51 6 31 6.31 Mav 5 39 5 55 5 59 Julv 5 95 5.68 5.73 October 6.16 5.91 6.07 December 6.28 8.05 8,03 NEW YORK High. Low Close. January 8-28 6 08 6.08 March 8.42 6.22 6 23 Mav 5 69 5 44 5 47 Julv 5.86 1.61 5 63 October 6.09 5.65 5 66 December 6.21 6.00 6 00 NEW ORLEANS High. Low. Cltr*. January . 6,24 8 03 6 03 March 6 33 6 30 i .30 Mav 5.63 5.45 !. Julv 5 87 5.59 5.99 October 8.07 5 81 5 81 December 8 1# 8 96 5 96 Chicago Stocks Opening (By James T Hatnill & Cos.) —Mav 2 Borg Warner .. 6 Inaull 6s 40 % Cities Service . 3*. Middle West ... % Coni Chi com.. !■ Swift Inti 141a

New York Stocks ““'S Thomson MeK!nnon>“““—

May 2 Ratlreada— Prev With Low 11 00 close Atchlaoa 114 174 *74 *74 AG Coast Lin* I*4 Balt Sc Ohio *. S Chcaa A Ohio .. !•' 14 16\ I*4 Chcsa Corp • *4 *4 *** Can Pa. lit* 11 11 114 Chi K Wat 44 * 4H *4 C., R 1 * P... unit w a, Del A Hudson .... M 4 Erl* 44 Erl* Ist pfd * Or*af Northern I*4 I*4 nil Central 114 11 11 It M . K A T 14 1 1 34 Mo Padfle 34 1 Mo Pacific, pfd •** N T Central. ... 174 I*4 I*4 17 I Nickel Flat* 24 NT NH A H 124 124 ; No* Pacific 194 I*4 Norfolk A Wen S3 *4 1 Pennsylvania 114 114 Reading It So Pacific 134 I*4 124 I*4 : Southern R* *4 ; St Paul 17* St Paul fM * 14 St L A 8 r J 14 14 34 Union Pacific . *N 4*4- 4*4 414 Equipments— Am Car A f*f *4 Am Locomotive. .. ' *4 Am Steel Fd.‘. .. 4 Am Airbrake Sh * S Gen Am Tank... .. ... I*4 17 Oeneral Eiac .... 134 4 I*4 134 Gen Rv Signal 134 134 Lima Loco 1* Press Stl Car 14 Westlngh Atrb-.. Weaungh Klee.. 22 214 214 214 Rubbers— Flak 4 Goodrich >4 Goodyear ... ... I*4 Kelly Sprgflrt 14 14 U 8 Rubber *4 Motor*— Auburn 344 134 334 334 Chrysler *4 # §4 General Motor*.. I*4 I*4 I*4 l# 1 * Or*ham-Palge. 14 Hudson ....... <4 Mack 13 Nash I*4 1* Packard 34 *4 24 24 Peerless 3 I’.* Studebsker 44 Yellow Truck ... ... 2 Molar Access— Bendlx Aviation. .. 74 Borg Warner ... *4 ftlgga *4 Eaton 44 £1 Auto Lite .... 124 12 124 124 El Storage B 1* Motor Wheel 34 ... Sparka W 14 Stewart Warner 24 24 Timkln Roll 134 134 Mining— Am Smelt 94 94 Anaconda Cop 47* 44 Alaska Jun 9 *4 94 94 Cal A Hecla 34 Cerro de Pasco *4 • Dome Mines ... 84 Freeport Texas . 147* 144 I*7* 14*4 Granby Coro ... 4 Great Nor Ora ... 7 Howe Round * Int Nickel 54 54 '54 54 Inspiration ... ... 2 Kenr.ecott Cop .. 7 64 7 *4 Magma Cop a Nev Cons 34 34 Noranda 13 4 13 Texas Gui Sul., ... 1* U S Smelt 134 ... Oils— Atl Refining ... ... 9*4 Barnadall 44 44 Houston 2 4 24 M*x Sbd Mid Conti 44 Ohio Oil 54 54 Phillips 4 4 Prarle Pipe *4 *4 Pur* Oil 4 Royal Dutch 44 44 44 144 Shell Un 24 24 *4 34 Cons Oil ... 44 44 Standard of Cal. 94 *4 *4 16 Standard of N J 224 32'. 22 4 224 Soc Vac *4 *4 4 *4 Texas Cos 11 I*4 11 11 Union OU 104 104 Steels— Am Roll Mills *4 *4 Bethlehem 134 124 124 13 Byers AM #4 Cruc Steal 10 Inland 13 11 Ludlum 34 ... McKeesport Tin 36 \ 364 Midland 34 Newton 34 U S Steel 364 274 374 284 Vanadium • ... 74 74 Tobacco*— Am Tob iB new 674 *7 4 87 4 67V* Con Cigars Lit A Myers <B> 4*4 474 4*4 464 Lorillard 134 Reynolds Tob 32 314 Coca Cola 944 94 4 94V 944 Corn Prod - 32 334 Cudahy Pkg 294 Gen Poods 3*’. 3*4 3*4 31 Grand Union 54 Kershey 62 6*4 Kroger 13 13 Nat Biacuit 124 32 32 334 Natl Dairy .... 214 324 224 2274 Safeway 8t .... 4* 454 45 4 4* Std Brands 114 11 11 114 Drugs— Drug Inc. 174 374 174 3* Lambert Cos 334 Lehn A Kink 15 154 Industrials— Gen Asphalt * Otis Kiev /. 134 134 Ulen *4 Indus Chem*— Air Red 364 354 154 364 Allied Chem .... 534 524 524 534 Com Bolv 54 54 54 64 Dupont 39 3*4 364 2*4 Union Carb ... 1* 174 174 16 U S Ind Alco 20 204 Utilities— Adams Ban .. 24 Am For Pwr 34 37a Am Pwr A L 1... 64 64 *4 9 AT A T 96 4 97 4 97 4 974 Col Oas A E 1... 4 74 74 8 Com A 50u.... 24 24 34 27* Cons Gas 494 484 48N 494 El Pwr A L 1... . .. ... 74 7 Inti TAT... 54 54 54 54 Lou Gas A El.. 174 17'* 174 ... Nat! Pwr ALi 117a 114 114 12 No Amer Cos .. 34 234 334 234 Pae Gas A El 2*7 26%* Pub Ser N J.... 42 41V* 41 Vi 41* So Cal Edison. *47 244 Std ® A El. ... I*'* 154 16 16 United Corn ... 84 *4 *4 *4 Un Gas Imp I*4 164 Ut Pwr ALA 24 24 West Union ... 25 4 24 4 344 24 Shipping— Am Inti Corn 64 N Y Ship 24 24 Inti Mer M nfd United Fruit 19 Fonda— Am Sue 177a Armour A ... .... Cal Pkg 54 ... Can Drv *4 Childs Cos *4 Retail Stores— Kresge S S I*4 104 Mav D Store.. 13 ... Mont Ward 7 64 64 7 Pennv j C 264 264 J 64 264 Schulte Ret St 14 ... Sears Roe 174 16** 164 174 Woolworth 344 334 *34 344 Amusements— Eastman Kod... 484 474 474 4*4 Pox Film A 34 Grigsby Oru 4 4 Loews Inc 3* 324 Param Farm 34 34 Radio Corp 4 s * 44 44 44 R-K-O >4 Warner Bros ... I l * IS 14 14 Mlacelaneoaa— Congoleum 8 Proe A Oam ... ... 3*4 Allis Cha! 84 Am Can 394 3R4 38'* 394 J I Case 314 31 31 204 Cont Can 35 254 Curtiss Wr I Gil’ette SR 144 144 144 144 Gold Dust 134 134 Int Harv I*4 Int Bus M *. Real Silk 34 Un Arcft I*4 10'* I*4 I*4

Net Changes

Bn United NEW YORK. April 30 —Closing prices and net changes on principal issues traded on the New York Stock Exchange today follow: Do. os Allied Chem .. 53*■ % ... American Can 39% % ... Amer Tel A Tel 97% la ... At-hlson 17'a ... 3'o Auburn 33% 1* Case 20% ... ... Ches A- Ohio 19% % ... Consolidated Oas 49* t ... *a Du Pont 39* i ’a ... Gen Electric 13% % Gen Motors 10% * *•• Int Nickel 5% *. ... Kennecott 6% ... % Loews Inc 22% 1% Hew York Central 17, ... ‘a North American 23% % ... Pennsylvania lira . . % Public Service % ••• Radio *• % Sears Roebuck *• ‘s •- - * Standard Otl California... 18 ’* ... Soconv-Vacuum B'. H ... Union Pacific 49% ... 1% United Air 10% !’ •- • U S Steel 38% % ... Westtnghouse Elec 21% % ... Wootworth 34% ... % Worthington Pumo 8% ... % New York Liberty Bonds April 30— Liberty 3%s 47 101 10 Liberty Ist 4%s "47 101.27 Liberty 4th 4%s '3B 102 23 Treasury 4*s 'S3 106. Treasury 4s '54 103. Treasury 3s ‘55 94 30 Treasury 3%s '56 100.38 Treasury 3%s '47 - 98 24 Treasure 3%s *43 * March' 98 23 Treasury 3%s '43 (June) 98.25 RAW SUGAR PRICES —April 30— High. Low Close January Jt .81 .80 March 87 .86 88 Mav 57 .56 .56 JBIT 85 .96 .64 September .73 .T 1 .71 December .76 .79 .78

THE INDIANAPOLIS TIMES

PORKERS MAKE SMALL GAINS AT CITY YARDS Cattle Slow, Steady With Bids Lower; Sheep Dull. Hog* advanced 10 to 15 cents this morning at the city yards at the opening of the week's trading. The upturn mostly was 15 cents. The bulk. 100 to 350 pounds, sold for 13.50 to 83.90; early top holding at 83.90. Receipts were estimated at 4.000; holdovers were 227. In the cattle market trade opened slow with asking fully steady. Sonic bids were slightly lower. Receipts were 500. Vealers were unchanged at 85.50 down. Calf receipts numbered 500. • Little was done in the sheep market. Indications were around steady. Receipts were 200. Hog trading in Chicago this morning displayed strength at the opening. Early sales and bids were strong to 10 cents higher than Friday’s average. The bulk. 170 to 220 pounds, was bid 83.75 to 83.85; early top holding at 83.90 on choice 200pound averages, while heavy weights around 300 pounds bid 83.45. Receipts numbered 30.000, including 14,000 direct; holdovers 2,000. HOGS Anril. Bulk. Early Top. Receipts 35. *3 45*1 4 00 54 00 7.000 26. 3 350 3.55 3.90 * 6.000 37. 3 50 0 3 90 3 90 6.500 28. 3 350 3.75 3.7.1 6.500 38. 3.350 3 75 S 75 4 *o* 30. 3.35 0 3.75 3.75 2.oe* May * :. 3.500 3.90 3 90 4.000 Reeelut*. 4.000; market. . stead*. 1140-160' Good and choice.. .9 3 65fi 3.90 —Light Lights— M6O-180' Good and choice..... 39* —Llgnt Weight!— >IBO-2001 Good tnd choice... 3.90 <2OO-220; Medium and g00d... 3 80® 3.85 —Medium Weights—-'23o-2501 Good and choice 3.70f 3 80 '350-290' Medium and good ... 3.600 3:65 - Heavy Weights—-<29o-356< Good and choice... 3.50® 3.60 —Packing Sows—-'3so-500' Medium and good ... 2.750 3IS 1100-130' Slaughter nigs 3 70® 3 80 CATTLE Receipt*. s*fl; market, ateadv. Good and choice s 5.75® 7.50 Common and medium 3 50® 5.75 H.IOO-I.Boo' Good and choice 5 75® 7.50 Common and medium 4.50® 5.75 . —Heifer#— Good and choice 5.25® 8.50 Common and medium 3 500 5.25 —Cowa— Good and choice 3.25® 4.5* Medium 2.75® 3.25 Cull and common 1.50® 2.75 —Bulla (yearlings excluded' Good and choice beefs 3.00® 3.75 Cutter, common and medium 2.00® 3.00 CALVES AND VEALERS Receipts. s*o; market, steady. —Vealers— Good and choice 3 5.00® 5.50 Medium 3.500 5.00 Cull nd common 2.00® 3.50 —Calves— Good and choice 3.50® 5.00 Common and medium 2 50® 3.50 —Stocker and Feeder Steer*— Good and choice 4.50® 6.00 Common and medium . > 3.500 4.50 '6OO-1.50*1 Good and choice 4.50® 6.00 Common and medium 3.50® 4.80 SHEEP AND LAMBS (Shorn Baals) Receipts. 30*; market, steady. Good and choice 6 6.00® 8 50 Spring lambs 5.000 8.00 Common and medium 4.00® 6.00 Ewe*, medium and choice... 2.25® 3.<R) CuU and common I.oo® 2.25

Other Livestock By United Prm CHICAGO. May Hogs—Receipts. 30.*OO. including 14.000 direct; strong to 10c higher than Friday's average: 170-210 lbs.. *3.7503.90: top. *3.90: 220-250 Ibi.. *3.55® 3.80 : 260-350 lbs.. *3 2503.50; 140-160 lbs.. *3.60®3.80: pigs, *34(3.35: packing sows. *2.75® 3.10: light lights. 140-100 lbs., good and choice. *3.6003 80: light weight. 160200 lbs., good and choice *3.7003.90: medium weights. 200-250 lb*., good and choice $3.55®3.90: heavy weights, 250-350 lbs., good and choice. *3.200 3.70; packing sows 275-500 lbs., medium and good] *2.650 3.15; slaughter pigs. 100-130 lbs., good and choice. *3® 3.50. Cattle—Receipt* 15.000; calves. 2.000: few early sales fed steers end long yearlings steady to weak, but most bids around 25c lower; light heifers and mixed yearlings about steady; cows steady; bulls strong: vealers weak; early top fed vearings. *7 75: slaughter cattle and vealers. steers. 600-900 lbs., good and choice. *6 5007 75; 900-1100 lbs . good and choice. *6.500 7.75; 1100-1300 lbs . good and choice. *6 500 8; 1300-1500 lbs., good and choice. *6 500 8 : 600-1300 lbs . common and medium. *4.5n®6.50: heifers. 550-850 lbs good and choice. *5 25® 6.50: common and medium. *3 7505.25: cows. good and choice. *3.75®4.75: common and medium. *2.50® 3.50: low cutter and cutter, *1.50 0 2.50: bulls fvearltngs excluded' good and choice 'beef' *3O 4.25: cutter to medtum *2.50®3.10: vealers imtlk fed' gwjd and choice. *4.7508; medium. 1404.T9. cull and common. *3® 4: *tocker and feeder cattle, steers. 500-1050 lbs. good and choice. *SO 6; common and medium, *3 75 ®5. Sheep—2o.ooo: mostly steady with Friday; light weight spring lambs sharply lower; good to choice old crop shorn lambs *5.50® 6: best held higher; asking around *6.75 lor choice woolskins; best springers *8 'Note: Quotations on a shorn basis, feeding lambs discontinued.) Slaughter sheep and lambs, spring lambs good and choice *7.50 0 8 50; medium *6.50 ®7.50; common. *5.5006.50: lambs. 90 lbs. down good and choice, *5.50®'6.25: medium 64.750 5.50 . 91-100 lbs., medium to choice. *4.500 6 10: all weights common. *3O 4.75: ewes. 90-150 lbs. medium to choice. *lO 2 25; all weights cull and common, 50c (911.50. By United Per** EAST ST. LOUIS. May 2.—Hogs— lUefipta. 13.000: market. 5® 10c higher; top. *3.75, most 140-340 lb* . *3 550 3.75; 240-300 lbs.. *3.40 0 3.55; 100-130 lbs.. *3®3.50; sows. *2.40 0 2.65. Cattle—Receipts. 4,000; calves, receipts. 3.300: marke.t slow on *ll classes: bidding lower on steer*: few earl 7 sales barely steady at *6 down: indications weak to lower on mixed yearlings, heifer* and cows, with bulls fairly steady: top sausage bulls. *2.65: vealers. 25c lower at, *6 50. Sheep—Market, spring lambs openeO steadv. moat *6.50® 7: nothing done on other classes: packers talking lower; generally asking steady to strong. By United Pres FT. WAYNE. Ind.. Msy T—Hogs— Receipts. 154t35e higher; pigs. *3.2503.50; light lights. *3.50 0 3.65; lights, *3.54®3.75; mediums. *3.8003.65: heavies. *3.3003.50: roughs. *2 78: stags. *1.50: calves. *5.50; lambs. *5.50.

No Substitute Found for Short Sale

This is the third tn a series presenting the case for short selling horn the point of view of the market operator and investor. The book "Short Selling." bv J. Edward Meeker, economist of the New York Stock Exchange, published by Harper and Brothers, was used for this material. BY JOHN T. HAWKINS Times Financial Editor Perhaps the best defense of short selling that can be offered is the fact that none of the opponents of the system ever have offered a workable substitute for the operation. It is not probable that any substitute ever will be offered as these is no known way of accomplishing the same results of a short sale except by selling short. Were it possible to sell land short during the drastic inflation during booms it is entirely possible that the serious results, such as have been seen in this country, would be curtailed or entirely abolished. The recent boom and collapse In Florida real estate Is an excellent example. Results of abolishi-g the short sale entirely were made apparent on a small scale on Sept. 21-22. 1931. yfhenThe exchange suddenly forbade the practice during the English pound sterling crisis. With the news of the collapse of the pound sterling. England having abandoned the gold standard, the New York Stock Exchange was certain to be flooded with selling orders Monday. Sept. 21. The most drastic step that could be taken would be the closing of the exchange. This was to be avoided if possible. The board of governors

BELIEVE IT or NOT

\ > ,o ° SO one 'm V /ji m \ --0 -f - : ■ ir’.vV-'5 t 1 ■’ .'**£, \ i:'‘- ‘ t _/V ! V<^' / M Ml r ■*> ’' - am Ifi;- ' v JI K J'CSI * -* *■ *’ >W Td£ KING ■'■ '’ 1 WHO DIED A BOOTBLACK/ f? j • esc 6£u op KArAERuN. JL WAS EXPELLfD 8V THE GERMANS IN ig?S ANO WORKCO EOR 30 YEARS Wf yf . AS A BOOrBLACK IN OSLO. NORWAY, f 7 / A WHERE HE OIED f * -Pb. 1931 f L 11 1 " - W ~ ’ it took che oiiwei taiwtiiißr rr is FORBIDDEN TO BE BORN OR TO OIE 20 YEARS TO CREATE THIS SINGLE LETTER ON THE SACRED tSLE OF MIYOVIMA, JAPAN fAEANING "HAPPINESS” ri Temple of Hua, Chi ha ® I XU. King Fr4lurrts>ad>ca>e.lac.UraillriUaa ngkUrnarrcA ®VP • ~ " ■ 1 ”""" 1

Dow-Jones Summary

Union Carbide and Carbon Corporation and subsidiaries in quarter ended March 31. 1932, reported net income of *1.981439 after taxes, depreciation, preferred dividends of subsidiaries, etc., equal to 22 cents on 9,000.743 shares, against *4.613.670 or 51 cents a share In first quarter of 1931. Standard Gas and Electric Company in 1931 earned (4.02 a common share, against (6.04 in 1930. Krager Grocery sale# in four week* ending April 23 were 817.190.004 against *20.804,136 in like 1930 period; sixteen weeks sale* amounted to *67,903.652. against (79.911,301. Pure Oil Company in March 31 year earned *1.56 a share on combined preferred shares, against 18 cents on common shares after preferred dividends in previous year. Louisville Gas and Electric in 1931 showed net Droflt of *4.779.230 after all charges but before depreciation, depletion. etc., against *4.261 974 in 1930. Stocks of crude rubber In London on April 30. touted 61.850 ton*, a decrease of 1.498 tons from orecedlng week: stocks at Liveroool 81.480. an Increase of fortyseven tons. Commercial Credit Company in March Quarter profit amounted to *700.515 after charges before minority interest and subsidiaries preferred dividends, against (865.752 In March 1931 auarter. Houston Oil Company in March Quarter earned 5 cent# a share on * per eent prefered stock, against * eent* a common share after preferred dividend* in March 1931 auarter. Chicago Pneumatic Tool Cos. In March quarter reported net loss of *98.741 after all charges, against net profit of *1.442. in first quarter of 1931. Net profit of Millins Manufacturing Corporation for quarter ended March 31. 1932. amounUd to *16.623 after taxes, depreciation. Interest, etc., against (29.701 in first quarter of 1931. California crude oil output in week ended April 3A. averaged 514.30(1 barrels daily, oil 3.100 from previous week, aceerdlng te California Oil World. A. O. Bmith Corporation in six months ended Jan. 31. 1932. reported net profit at (2.872.827 after depreciation, interest and other charges, agslnst net profit of *2,866.621 after federal taxes equal after dividend requirements on 7 per eent preferred to *5.64 a share on 500,000 common shares in six months ended Jan. 31. 1931. OIL DIVIDEND VOTED Standard of Indiana to Pay 25 Cents for Quarter. By United Press CHICAGO. Mav 2.—Directors of the Standard Oil Company of Indiana today voted a cash dividend of 25 cents a share, payable June 15 to stockholders as of record at the close of business May 16. The dividend is the same as was declared for the previous quarter.

of the exchange therefor adopted a rule not previously employed on the exchange. Short selling was forbidden for that day and until further notice. The board knew that the outstanding short interest in the market on Sept. 18 amounted to 4.241.000 shares, which would have to be bought In and covered, providing the only support available in a wild market. Market Is Endangered Within two hours after selling was forbidden the governing committee found the market in actual danger of technical comers and insane price advances. At one time there * were accumulated orders to buy 8.000 shares of General Motors with no offers of the stock within many points of the last preceding sale at 30%. Reading railroad opened at 48 %. advanced to a high of 75 and then declined to 82. Similar situations developed in leading and active shares such as United States Steel. American Can and others. In order to curb these wild fluctuations in price the business conduct* committee of the exchange was authorized to permit a limited amount of short selling. Closing Ik Prevented These facts proved beyond a doubt that complete prohibition of short selling could not be enforced even for two hours without creating an unnatural and dangerous market.

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 Saturday's Times: The Greatest Kidnaper of Modern Times—Czar Nicholas I (17961855) stained his reign by acts of unspeakable cruelty against his Russian subjects. On March 9, 1832, “His Majesty deigned to issue an order” to transport 100,000 children to distant parts of Russia. With heartrending disregard of any human sentiment, the Russian authorities proceeded to tear more than 100,000 infants, 1 to 8 years, from the arms of their Catholic or Jewish parents. The kidnaped children were fastened by twos and dragged in the dead of winter into the heart of Russia. The Russian roads presently were strewn with the little bodies, death coming from fatigue. Those who survived were farmed out to ignorant peasants, •who brought them up in the orthodox faith. Upon reaching military age, the “cantonists” were incorporated in the Russian army for a period of twenty-five years. None of them ever saw his home again. The "cantonists” are an ineffacable blot on the history of Russia in the nineteenth century. Land-Level Is 10.000 Feet Below Sea-Level—Sea-level is not level, due to the many movements to which the ocean is subjected and because of the attraction of elevated masses of land upon the waves. Scientific efforts have resulted in determining that the mean level of the whole land sur face lies along a line 10.000 feet below present “sea-level.” The abysmal area below this line is of equal extent with the area above it. Fahrenheit’s Thermometer Not Fahrenheit's Work Fahrenheit, who first made a mercury thermometer. took as his zero the lowest temperature then obtainable (a mixture of salt and ice). Taking the temperature of the human body as a standard, he established it at 96 degrees. Others then discovered that the boiling point of water was a more easily determinable standard and the Fahrenheit thermometer was changed, through fixing of the boiling point at 212 degrees and of the temperature of the human body at 98. Tuesday—The Belt of Death.

Local Wagon Wheat

Citv grain elevators are navlng 42c for No. 2 red wheat, and 42c for No. 2 hard wheal.

Without the short Interest behind the market during the crisis, an interest that was forced to buy to protect itself, the exchange might have been forced to close. If the short interest had been permitted to exhaust itself, the same thing might have occurred. The short sale Is one of the most effectual curbs against manipulation of the market in that It provides free competition against intended price inflation. It almost would be impossible to prohibit the short oale by law. Should the borrowing of stocks to be delivered In a short sale be prohibited. stocks still • could be sold short for future delivery. If this were prohibited, optional contracts could be employed. "Doctors hesitate to remove a patient's vital organs until they can replace them with some substitute method whereby life can be conducted.” Meeker says. “Legislators and stock exchange executives alike must hesitate to prevent or abolish short selling. If they can not suggest how the necessary economic functions now carried on by the short s-’.le can thereafter be effected." For a more thorough understanding of the principles of short selling. "Short Selling” by Meeker is the most easily read book yet written on this subject. The author shows the reader all the different technical steps necessary in the operation of a short sale and cites countless examples of the effects of the practice.

II 'S? Rg4tere4l T t 1 1 g Patent OSiea RIPLEY

Bright Spots of Business

(Br United Press) CLEVELAND. May 2.—The steel industry will close Mav stronger than it opened the month, according to the magazine Steel. —* DETROIT—SaIe* of new passenger cars in forty-five stales during March totaled 80,112 units against cars for February, MINNEAPOLIS—Northern States Power Company reported for year ended Feb. 29. net income of *8.982.391. against *8.523.790 in the preceeding year. AMSTERDAM. N. Y -Sales of the Mohawk Carpet Mills for 1931. showed an increase in yardage of more than 11 per cent over 1930. it was reported. BOSTON—Shipments from two electric refrigerator factories for April showed a gain of 10 per cent over April, 1931. DETROIT—The United States Rubber Company increased its production of tire* b.v 13 per rent today, putting Its force of 3.000 employes here on a fiveday week, instead of four. Plana for another 13 per rent inrrraar for June over May, General Manager J. F. O'Shaughnrsay said. DETROIT—ApriI shipments of Kelvinator and Leonard Electric refrigerators were 25 400 units, an increase of 10 per cent over the same period In 1931. vice-president H. W. Burritt. announced today.

Produce Markets

Delivered In Indianapolis orlces: Hen*, heavy breeds. 13c; Leghorn hens. 11c; Broilers, colored sorlngers. 1% sounds un 17c: Leghorn and black. IV* pounds up 14c: bareback and oariiv feathered 10c. Cocks and stags. 7c; Leeborn cocks. sc. Ducks, large white full feathered and fat. 7c; small 6c Geese full feathered and fat. 5c Young and old guineas. 15c. Eggs— No. 1. current receipts. 9c. Butter. 26 to 27c: undergrades. 24 to 25c. Butterfat. 22c These orlces for healthv stock free from feed bv the Wadlev Company. By United Prttt NEW YORK. Mav 2 Pot atoea— Market, dull: southren. 14 50r8.50 barrel; Idaho. 51.90ft2.40 sack; Bermuda. $7#9.50 barrel; Maine. Sl.2sft 2.25 barrel: Canada. SI .35 $2.50 barrel. Sweet potatoes—Market, quiet; Jersey, baskets. 2Scftl-50; southern baskets. 40c4*Sl. Flour—Market, dull; spring patents, $4.20ft4.4.4 barrel. PorkMarket. dull; mess. $16.75. Lard—Market. firm: middle west spot. 54.55 ft 4.65 per lb. Tallow—Market, quiet: special to extra 2%®2*,c. Dressed poultry—Market, dull; turkeys. ltftMc: chickens. 15ft27c; broilers. 20ft 29c. capons. 18ft35c; fowls, 10ft 22c: Long Island ducks. 16c Live poultry—Market. dull; geese. 712 c: ducks. 9ft 17c; fowls. 16ft 19c: turkeys. IS ?25c; roosters. 10c: chickens, pullets. 27 ft 28c: broilers. 15ft 26c: capons. 25ft30c. Cheese—Market, ouiet: state whole milk, fancy to special 10%4219c: young America. ll'aftl2Hc. By United Pre CHICAGO. Mav 2—Eggs- Market, unsettled; receipts 35.751 cases; extra firsts, 13ft 13*,c; firsts, 12&13'c; current receipts. ll%c; seconds. 10%c. ButterMarket, unsettled: receipts. 10.815 tubs; extras. 18%ftl8*e; extra firsts. 18fM8',c; firsts. 17ft 17%c: seconds 16ft 16%c: stand, ards. 18*,c. Poultry—Market, unsettled: receipts. 1 car: fowfa 13%ei6c: leghorns. 12c: ducks lift 14c: geese. 8c; turkeys. 15ft20c: roosters. 7'ie: broilers. 19ft21c; leghorn broilers. 19c: stags. 11c Chee —Twins. 9 3 4ftl0'ic; young Americas. 10% ftlO*c. Potatoes—On track, 268: arrivals 151: shipments. 278; market, steady; Wisconsin round whites 80ft85c; Michigan ruaset rurals, 80ft 85c; Idaho russets. $125 ft 1.35; Texas triumphs, $44( 4 25. By f nitrd Pre.tt CLEVELAND. Ma_y 2.—Butter—Market, weak; extras. 22%ft22*4c: standards. 22 ,e. Eggs—Market, steady; extra firsts. 13c; current receipts. 12%e. Poultry-Market, steady; heavy fowls. 15ft 16c: medium fowls. 16ft 17c: Leghorn fowls. 13ft 14c, heavy broilers. 24ft25c; Leghorn broilers. 20ft21c; ducks. 14ft 15c: old cocks. 10c; geese, lift 12c; stags. Ilftl2c: capons. 23c. Potatoes—Ohio. New York. Pennsylvania. 6Q£isse per bushel; Maine Green Mountain $1 35ft 135: few best. $1.40 per 100lb. sack: Idaho Russet, large slxe. sl.7sft 1.85: medium, $1,608/185 per 100-lb. sack. By United Frees CINCINNATI. 0.. Mav 2.—Butter packing stock No. 1. 18c: No. 2 11c: No. 3 9c; butterfat. 13ft 15c. Eggs -Lower; cases. Included: Extra firsts 12e: seconds 9%c: nearbv ungraded, ll%e. Live poultry, thin and coarse stock sells only at heavy dlseount: fowl*. 5 lbs. and over. 13c: 4 lbs. and over. 13%e: 3 lbs. and over. 13 %c: Leghorns. 3 lbs and over. 12%c: roosters. 7e; colored broilers. 1 lb and over. 18c; I*2 lbs and over. 21c: 2 lbs and over. 21c; oartly feathered 14c Leghorn broilers. 1 lb. and over. 18c: 1% lbs and over. 20c: 2 lb*, and over. 21e: black springers. 12c: ducks under 3 lbs., sell at liberal concessions: ducks, white. 4 lbs. and over, 12e: under 4 lbs.. 10c: colored. 4 lbs. and over. 12c- under 4 lbs.. 10r; turkeys No 1. hens. 8 lb ' and over. 16c; young Toms. No. 1. 10 lbs. and over. 18c.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stork Exchange Chicago Stork Exchange New lark Cotton Exchange Chicago Board of Trad* Now York Curb Aaaodatlon Rooms 200-214 Circle Tower Telephone Lincoln 55*1

PAGE 9

WHEAT SHOWS EAST TONE IN LIGHTTRADINS Corn and Oats Stronger on Marked Improvement in Sentiment. BY HAROLD E. RAIWILLE United Press fit iff Correspondent CHICAGO. May 2 —Wheat opened easy and fractionally lower on the Board of Trade in a light trade today. Weak cables caused scattered selling and support was limited at the start. Liverpool was weak on heavy deliveries but they went into strong hands. There was little pressure, but most traders were waiting a definite trend before making commitments on either side. Corn was firm but uneven at the start with sentiment greatly improved. Oats was unevenly steady with corn. Opening Is Irregular At the opening, wheat was V* to S cent lower, corn was \ cent lower to 4 cent higher, and oats, 4 cent lower to 4 higher. Provisions were dull. Liverpool was lower than expected. despite a late recovery, and at mid-afternoon was 4 cent to 4 cent lower. Deliveries at the start today were 2,117.000 bushels, which was in line with expectations. Liquidation of May was about completed Saturday without any undue excitement, although there still are some open contracts which may be closed out or transferred. More attention will be paid to crop reports and export demand. Private crop reports are due Tuesday. Expect Corn Upturn Many traders are looking for an upturn in com this week, due to a sharp change in conditions. Deliveries early were 1.470.000 bushels, while the country shipped in mor® than 1.000,000 bushels last week, an improved shipping demand took them and suggested that Ohio and Indiana supplies were about depleted. Deliveries on oats were 1,755.000 bushels this morning. In the absence of any important news the market likely will continue to follow corn.

Chicago Grain Range WHEAT— Prev. High. Low 11 00 close. Julv 57% J4’. .57 57’, September .. .59*, .59** .59** 60 December ... .63', .62*4 .62 * .63‘4 CORN— Julv 33 .32*4 .32 * 32% September .. .35** T'% .35’j 35’S December ... .35% .55*4 .33', 36 OATS— Julv .22 21!. .22 22 Seplember .. .22*4 22*. 22*4 .23% December 24% .21** .... .39’, .38% .39% 39*i September .. .41% .41% .41% .41’, JuVv ARD ~7... 442 437 Sentember . ... 4 40 4.50 Bn Timm Special CHICAGO. Mav 3.—Carlots: Wheat 29: cam. 188; oats. 39: rve. 28. and barlev. 8. By Timet Special eCHICAGO. April 30-Primary receipts: Wheat—sl6.ooo. against 1.048.000. corn. 591.000. against 560,000. oats. 229.000. against 2!0.0f0. Shipments: Wheat—sß9.000. againstl,s4s.ooo, corn. 380.000. against 901.000; oats. 340 000. against 605.000. By United Prett CHICAGO. April 30 —Cash grain close; Wheat- No 2 red. 57%e; No 3 red. 35r; No. 2 hard. 56*57c, nominal; No 3 yellow hftrd. S4*cf No. 1 mixed. 55c. Com -No. 2 vellow. 31ft31%c; No 3 yellow 30*,c: No. 4 vellow. old. 30%c; No. 3 white. 31ft32’,c. Oats—No. 2 white. 22 ft 22 %C, No. 3 white. 21ft22%c RyeNo 2 37%c Bariev—42ftssc. Timothy—s3ft 3.25. Clover—s 913 75. By United Press TOLEDO. April 30.—Close; Oriin in elevators, transit billing Wheat—No. 3 red. sffts7c. Corn—No. 2 yellow. 33ft 34c. Oats- No. 2 white. 25%tf28%c Rye-No. 2. 43ft44c Track pric**. 28%c rate Wheat —No. 3 red. 50%'BSlc: No 1 red. In premium; No 3 red. % to 3c discount" No. 4 red 2%ft4c dicocunt. Corn—No 1 vellow, 28%5/2D%e: No. 3 vellow. 27%0> 28%c. Oats—No 2 white. 22%ft24c: No 3 white, 21%ft23c Clover—Prime. $9 Alsvke—Cash. *8.75 Butter—Fanev creamery prints. 24ft 25c. Eggs-Extras. 11% ® 12c. Hay—Timothy, per cwt 80c. Other Livestock | By United Prett CINCINNATI. 0., May 2.-How—Re-ceipts 5.100. including 1,782 direct held over, none: fairly active. 15ft25c higher than Friday or sft 15c above Saturday; better grade 160-230 lbs.. *3 80ft 3 90, mostly $3 90 on 220 lbs down: 235-275 lbs, 33.50 ft 3.70; some 280-310 lbs.. $3.25ft30; 120-150 lbs.. *3 75; sows, mostly steady at $2.50: tome light weights. *2 75 CattleReceipts. 1.200; calves, receipts. 300; mostly steady with close of fast week better grade steers. 15ft 25c lower thsn last Monday: heifers, in spot* showing decline; common and medium steers and heifer,. 54.50ft5.65; several loads heifers. $5 75: better flnikhed kind unward to $6 25; moat beef cows $3.25ft3.75; low cutters and eutters. $1.75ft3: bulls. S3 SO down: vealers, steady: good and choice. SsftV.V> mostly; lower grades lagelv $4 down: a few $4.50. Bheep—Receipts, 500. fairly active, generally steady; better grades spring lambs, $7 50ft 8. mostly: a few choice up To $8 50; common and medium. $5 50ft 7; old crop clippers quotable $6 down, ' sheep $2 50 or below. By United Prett EAST BUFFALO. May 2 - Hogs—On sal* 5.400. fairly active to all interests; mostly 15c over Friday's average: some up 25c; good to choice. 150-200 lb*.. $4 lift few $4.35: medium and plainer lots. $3 JO; 220 lbs. $4; pigs $44(4.15. Cattle—Receipts. 1.800: steers and yearlings, uneven; in-between kinds. 24c or more lower better lots and plainer offerings about steadv; good steers and yearlings. s6.soft 7: medium. $5.501,6 25 common. $4 25ft 5 35; heifers. $64/6 50 cows and bulls, steadv; fat cows. $3 25ft 4: cutter grade* $1.50*9 2.50- medium bulls. S3 25ft 3.75: calves receipts. 1.800; vealers. steady; gcod to choice. $6 to mostly $6 50; common and medium. s3ft 450 Sheep—Receipts. 4.200; lambs, slow, steady to 15c lower; good to choice shorn lambs. $6 25ft6 50. few $6 60; som held above $6 75; good to choice, 40-65 lbs spring lambs. sßft92s; aged wethers. $2 50. By Timet Special , tOUISVILLfi Mav 2 —Hogs—Receipts. 1.200: mostly 5c higher than Saturday or 15c above Friday; weights. 325-355 lbs.. 20e higher than Frldav 170-220 lbs $3 65-225-255 lbs . $3 35; 260-295 lbs $3: 300 lbs. up $2 50: 140-160 lbs. $3 05: 135 lbs. down. ST6S: sows $1 SO 2.25; stags $125. Cattle—Receipts 760 beef cows, bulls and common slaughter steers and heifera. about steady with close last week; medium to good steers and heifers, fully 25c to 50c lower: earlv too. 770 lbs. heifera. $6 10; one load held above $6 25; load 727 lbs., mixed vearlincs. $6: bulk common and medium steers and heifer. s4.soft 5 25cows. mostly $3.50 down: bulls $3 25 down, better grade stbckers SSS 25: few ddwn to 4 50. or below Calves—Receipts. 350 steadv: better grades. $4fr4.30: medlum and outs. $3 down. Sheep—Receipts. 600: not fullv established few earlr sales steadv at $7 50B8; for springers with choice kinds $6 2.4. and some held higher: old cron lsmbs steadv best shorn ewes and wethers. $5 Saturdsv’s shipments— Receipts. 30: cattle. 273; calves. 679: sheep, none. By United Pent LAFAYETTE. Ind. May 2 Hogs-Mar-ket, 154/20c higher. 160-200 lbs. $3 65; 200-210 lbs. $3 60 210-235 lbs . $3 55; 325235 lbs., $3 50 , 235-250 lbs . $2 45 ; 250-275 lbs.. $3 40 . 375-300 lbs. $3 35; 300-325 lbs, $3 25: 140-160 lbs., $3.50: 120-140 lbs . *3 40; 100-120 lbs.. $3 25; roughs. $3 75 down to calves. $5; top lambs. $6.