Indianapolis Times, Volume 44, Number 254, Indianapolis, Marion County, 3 March 1933 — Page 17
MARCH 3, 1033
STOCK SHARES RULE FIRM IN ACTIVE TRAOE Bank Restrictions Spread Ignored as Leaders Hold Gains.
Average Stock Prices
Average of thirty industrials for Thursday high 53 01 low 50 25 last 52.54 unchanged of twenty rails 24 18. 23 03. 23 04 off 6.3 A trace of twenty utilltie- 2175 20 50. 21.30 off 53. Average of forty bonds 74.02 off .70. BY ELMER C WALZER United Press Financial Editor NEW YORK, March 3.—Disregarding spread of banking restrictions and moratoria, the stock market ruled steady at the opening today in moderately active turnover. Volume was light in the early trading and prices held around the opening levels. A long list of issues was unchanged fom the previous close, including such issues as Delaware & Hudson, United Aircraft, International Telephone, Westinghouse Electric, Radio Corporation, National Biscuit, Delaware, Lackawanna & Western, United States Steel preferred and International Nickel. Small gains were noted in Reynolds Tobacco B, Standard Gas, National Dairy Products, Union Carbide, Electric Power and Light, General Electric, Standard Brands and Standard Oil of New Jersey. American Telephone was a weak spot. It opened 1,100 shares at 95 r / s , off 2'i points. Union Pacific lost l't points to 66'i, and American Can 51, off 7 a. Aside from these issues movements in the market were narrow. Later in the session Telephone rallied a point.
Bank Clearings
INDIANAPOLIS STATEMENT March 3 Clearings $1,164,000.00 Debits 5,044,000.00 TREASURY STATEMENT March 3 Net balance for March 1... .$204,061 951 36 Expenditures 6.862.897.77 Customs rects.. mo. to date 562.054 53
Foreign Exchange
(Bv Abbott. Hoppin ft Co.i —March 3 Open. Sterling, England $3.45 1-16 Franc France 0395 Lira. Italy 0512 Franc. Belgium 1408 Mark, Germany 2387 Guilder, Holland 4048 Peseta. Spain .0837 Krone. Norway 1767 Krone, Denmark 1539 Yen. Japan 2131 Chicago Stocks Opening (Bv Abbott. Hoppin & Co.i —March 3 Asbestos Mfg.. 3 Insull 6s 1940 . 1 Borg Warner... 6% Swift & Cos ... 7% Cities Serv 2>, Walgreen Stores 12 Cord Corp 4%
Pin Gossip BY LEFTY LEE
Ed Stevenson, a member of the Uptown Plumbing and Healing team of tne Community League, thrives on doubleheaders. This league rolled its regular schedule at the Uptown drives Thursday night and then followed with the Thanksgiving dav postponed set. in the regular play. Stevenson posted this loops seasons record for three games bv rolling 784 on games of 247, 278 and 259. and then counted 245. 203 and 226, a total of 674 m the second series, a grand total of 1.458. on average ox 243 pins per game. The Plumbing team copped all six contests. from Pen-o-Malt. The Mason Dentists won five out of six from Hurt Bros.. Uptown Case lour out of six from Fiftvfourth Street Merchants, as Uptown Barbtr Shop and United Dental, split their sessions three and three. Other 600 and 700 counts during this pin spilling spree were: Latter. 616: Hanna. 632. Henririxson. 701; Bulev. 625; Hanna. 631; Rice. 623: Kuhns. 652: Goodhue. 615: Shaw 649: Dawson. 604; Holtman. 621. Rice. 613; Raw lev. 616: Sachs. 631: Bctsel. 641; Sourbier. 612. Rawlev. 682: Parker. 615: Sachs 663. Mindach. 631; Palmer. 604; Stemm. 705: Keilev. 632 and 613: Peterson. 610. and Hunt. 696 Rumor has it that the members of this loop are In favor of more double-headers. A 600 total still has some value In the Little Flower League that rolls on the Delaware alleys each week, Johnny Noonan rolling a total of 630 on games of 240. 203 and 187 to lead this play. The Citizens Gas league play on the Fountain Square alleys featured a 256 opener bv Whisene and led him to the league leadin gtotal of 582. The St. Catherine bowlers were missing their spares during Thursday night's play and as a result the 552 score bv Drexler cn games of 191. 185 and 176 led the league. Bowlers with a desire to improve their game, and new beginners who wish to know what it is al! about before they roll in regular competition, should take advantage of the Jess Pritchett school for bowlers. Personal instructions are given bv Jess Pritchett, on private alleys, for a charge that docs not exceed the regular bowling charges. Reservations for lessons can be made bv calling Lin 0852 The annual doubles and singles handicap classic of the Catholic howling tournament will be held on the Pritchett Recreation alleys. Fred Schlelmer will again be in charge of this meet and promises some real prizes for the winners. Secretary Grav of the Elks National Bowling Association has granted local boosters until midnight March 5 to secure more entries for the Elks National that will open on the Pritchett. Recreation alleys March 18 Last minute entrants who were sorjrv the entries closed can nowdo an about-face and enroll. Out-of-town entries closed midnight. March 1. The Wiebke girls won two games from Price during the American Central Life Ladies League plav Don’t forget to enter your team for the 1.050 scratch handicap tournament that will close on the Delaware alleys, with play Saturday and Sunday. A first prize of S2OO has been guaranteed the winner of this event. Yes boys. Frank Argus meant what he said when he told you L S Ayres league bowlers would be tough from now on, his 639 on games of 200. 234 and 205 again leading bv a wide margin. Printcraft bowlers were off form during thir nlav daman's 620 and G. Krebs--612 being the only honor counts. The rexerse was true in the Universal League, the members of this loop displaying good form for the first time in many weeks. Fisher leading with a tota! of 686 on games of 756. 219 end 211. Runvon. rolled. 645. Brunot. 533. Harold 626; Ernest. 644 and Woodard. 619. Clifton s 173 average was boosted during the Elk League plav on the Hotel Antler alleys when he hit for games of 245, 238. and 211, a total of 694. A Heiaenreich was next with 604 as Chown took the showspot with 602. Jewett opened with a 197 and then pounded the pocket (or games of 236 and 237 to lead the Automotive League plav on the Illinois alleys with a three-game total of 670. L. Jacobs scored 643, Fisher, 611. and Abraham 607. Newbauer is still the sparkplug of the Citizens Motor Car team his good work leading these boys to a triple win over Shell Gas. Railway won the entire set from Agents, as Collectors and Field defeated Postofflce and Revenue two out of three during the Federal League plav on the Central allevs A series of 523 on games of ISO. 156 and 187 bv Wilsor led. Polar Ice and Fuel games resulted In a triple win for Ice over Cube and an odd game victory for Fuel from Refrigerators Schulmever took single game honors when he topped the 200 mark bv nine pins. MARQI’ETTE FIVE WINS By Times Special MILWAUKEE. March 3.—Marquette U. cagers defeated Northwestern here Thursday night, 26 to 24. after leading 15 to 13 at half time. Joe Reiff of the Wildcats led the scoring with nine points.
New York Stocks ' IBy Thomson A McKinnon) ————^
—March 3 i Prev. Railroad*— High. Low. 11 00. close | Atchison .38 36'a 38 36% I 1 All Coast Line ... ... 17' 2 18% ! Balt A: Ohio . 9% 9 9% 9% i Chesa & Ohio 26% 25% 26% 26% Chesa Coro 16% 16% I Can Pac 8% 8% 8% 8% ! Chi Grt West 1% 1% Chi N West 3% 3% Del Lft W 19% 18% 19% 18% ! Del A: Hudson . 41% 40% 41% 41 Erie Ist pfd 5 Great Northern.. 7% 7% 7% 7% Illinois Central 10% 10% Kan City So ... 7 7 I Lou At Nash 25% 21% | M K At T 6% 6% 6% 6% j Mo Pacific ... 2% i Mo Pacific rid .. . 4 i N Y Central ... 15% 14*/ 15*4 15% I Nickel Plats 2% 1 NY NH A: H 12% 11% ’?% 12 Nor Pacific 12 11% 12 11% Norfolk A: West .112% 112 112 112% O As W B‘a Pete Marq.. 3% 4 Pennsylvania. .... 15% 14*4 15% 14% ; Reading ... ... 24 Seaboard Air L. .. .. % So Pacific 13% 12% 13% 12% Southern F?y ... . 4% St Paul Dfd 1% 1% i St L & 8 F % 1 Union Pacific ... 67% 66 67% 67% W Maryland 4% Equipments— Am Car & Fdy 6% Am Locomotive 6 Am Steel Fd 4% 4% Oen Am Tank 14% I Genera! Elec ... 12 11% 11% 11% Gen Ry Signal 15% ] Lima Loco 11 11% I N Y Air Brake 7% Press Stl Car ... 1 % 1 ... Pullman ... ... 18*4 Westlngh Ar B. 14 13% 14 13% ' Westlngh Elec.. 20% 20% 20% 20% Rubbers—j Firestone 10 I Goodrich ... . 3 I Goodyear 10*4 1 0 10% 10% j Kelly Sprgfid ... ... % Lee Rubber ... 3% I U S Rubber 32% 2% 2% i Motors—- ■ Auburn . 34% 33% 34% 31 i Chrysler 8% 7*4 7% B*4 I General Motors 10% 10% 10% 10% Graham-Paige.. .. ... 1% 1% Hudson . ... 3% Hupp 1% 1% 1% 1% Mack 14 Marmon . . % ’ | Nash 12% 12% 12% 13 I Packard 2 1% 2 2 I Reo , ... . • 1% Studebaker .... 32% 32% Yellow Truck 2!4 Motor Aeeess— B-ndix Aviation 7 6% 7 7 Borg Warner... 6% 6% 6% 6% Briggs 2% 2% Eaton 3% 3% 3% 3% El Auto Lite ... 12 11% 11% 12'* El Storage 8.. 22% 22% 22% 23% Houda ... ... Motor Wheel ... ... 1% Murray Body ... I s " Snarks-W ... % .•• Stewart Warner 2% Timkin Roll 15% Minlne— Am Metals .. .. ... _ ... , .?% Am Smelt 11% 11 11% U Am Zinc 2% ... Anaconda Cop.. 5% 5% 5% .vb Alaska .Tun ... 12 11% ll"e 11% Cal A: Hocla 2 Cerro de Pasco.. .. . 7 7 Dome Mines 12% 12% 12 s a 12% Freeport Texas.. 18 17% 18 16% Granby Corp. . . .. .. . 3% 3% Great Nor Ore.. .. ... ... 5V# Howe Sound • ■ < Int Nickel 7 6*4 7 6% In'plratton ... 2% 2 Isl Crk Coal . • •••,. Kennecott Cop.. 7*4 7% 7% 7 b Magma Cop .. J ’ Miami Copper. . I*4 1% 1% * % Nev Cons ••• Noranda 19 18'4 19 19 Texas GUI Sul... 16% 16 16% 16% U S Smelt 18% 18 18% 17% Oils— ... Amerada . 18% J*. 2 Atl Refining 13% 13% 13% 13% Barnsdall "u 8 Houston 1% Shd Oil • 15, ' Mid Conti 3*4 3% Ohio Oil 5 t Pan-Amer (Bl , 1J * Phillips , 5% 5 Pure OT 2*4 2% 2% 2% Royal Dutch .... 18 17*4 18 17-ft Shell Un 4% 4 4% *’/a Simms Pt • 8 Cons Oil S’a 5% Skellv 3••• Standard of Cal 20 19% 19*4 20’a Standard of N J 23% 22% 23% 23 Soc Vac .. .. 6% 6% Texas Cos 11% 11 11% 11% Union Oil ••• 8% 8% Stf*els— Am Roll Mills.. 8% 6 6% 6% Bethlehem 11% 11% 11% 11% Bvers AM Colo Fuel 4% 4% Cruc Steel ... 9 9 inland •• • 12 12 Ludlum ... ••• 4 McKeesport Tin 47% 46% 47% 47% Midland % Newton •• 2 a Repub I .It S. 4% 4% U S Steel 25% 24% 25 24% Vanadium 8% 7% 8% 7% Youngst S & W. ... 4% 4% Youngst S Ac T. 8% 8% 8% 8 Tobaccos — Am Sumatra : 6 6 Am Tota (Al New ... ... 50 50 Am Tob ißi New 54% 53 53*4 53% Lig & Myers B. 53 53% 53 52 Lorillard 11% 11% 11% 11% Reynolds Tob... 28% 28% 28% 28% Utilities — Adams Exo ... 3% 3% Am For Pwr.. 4% 4% 4% 4% Am Pwr Ar Li.. 4% 4% 4% 4% A T & T 97% 95% 97 97% Col Gas At El.. 11% 10% 11% 10% Com A* Sou ... 1% 1% 1% 1;% Cons Gas 45 43% 45 4>% F.l Pwr ft Li... 4% 4% 4% 4% Gen Gas A 3® .. Tntl T Ac T. ... 5% 5% 5% 5% Natl Pwr Ar Li 9% 8% 8% % No Amer Cos .... 2<i% 10% I Q % 1 % Par Gas A- FI. . . 79% 23 2T% Puli Sor N ,T. . 305, ?3 ?* 3*% So Cal Edts-n. . 2<*% 10% 20% 20% SM G A* El 9% 8% 8% 8% TTnit-d Corn R'4 6 % 8 Thi Gas Trprf . 16% 16 1”% l’% Tit Pwr Ar L A 2% 2% West Union 19 18% 19 19 Sbinnip*m Inn Corp... 5 4% 5 4% N V Shin 3% Tntl Mer M nfd.. . *% Unlte-i Fruit 25% 25 25% 25 Foods— Am Sug 26 25 26 ... Armour A ... 1 * ,1% Beechnut Pkg 4< cal Fke • Z'i Can Drv • •* •% Childs Cos ... , 2 .V* Cora Cola 85 R3% 85* 8* Corn Prod 48% 47*4 48*4 4"*4 Cuban Am Sug. . . Gen Foods 23% 23 23% 2'% Grand Union . . s % rcrog-r 15% 15% 15% I**4 Nat Biscuit 3* 335, 34 33% Nat' D-irv 11% 11 11% U% Purity Rak 6i, Pil'sburv 9G Safeway St ... 28% 23 28% 31% Std Brands 14% 14 14 14 Tlru-s Pot*- rue .. .. 21- 31 Drug Tnc 32% 31% 32*4 31%
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Lambert Cos .... 23% 22% 23% 23 Lehn & Fink. 14% Industrials — Am Radiator .... 4% 4% 4% 4% Certalnteed Gen Asphalt ... 5 4% 4% 4*4 Otis Eiev . 11% 11 11* 11 Indus Chems— Air Red 49% 48% 49% 47% Allied Chera .. . 77% 73% 77% 74% Com Bolv 9% 9% 9% 9% Dupont 34% 33% 34% 33% Union Carb . .. 22** 21% 21% 21% U S Ind A1c0... 15 14% 14% 14% Retail Stores— Assoc Drv Gds . ... ... 3% 3% Glmbel Bros 1 % Kresge S S ... 5% 5% 6% 5% May D Store .. 10 Mont Ward . . 9% 8% 9% 9% Penny J C .20% 19% 20% 19% Sears Roe . 14% 13% 14% 13% Woolworth 28 27% 27% Amusements— Crosley Radio ... ... ... 2% Eastman Kod. 53 52% 52% 53% Fox Film A ... 1 % 1% Grigsby Gru *a % Loews Inc ... 12 11% 11*4 12 Param Fam % Radio Corp .. . 3% 3% 3% 3% RKO 1% Warner Bros ... ... 1% Miseelaneous— City Ice and Fu 7*2 Congoleum ... ... 7*4 Proc A: Gam 20% 20“a 20% 21 Allis Chal 6% Am Can 52% 52% 52% 52% J I Case 34% 32% 34% 33% Cent Can 38 37% 33 38 Curtiss Wr 1% 1% I s , 1% Gillette SR... 14% 14% 14% 14% Gold Dust 13% 13% 13% 12% Int Harv 15% 14% 15*4 14% Int Bus M 82%. 77% Real Silk . 5*4 Un Arcft 18% 17*4 18*4 17% Transamerica . . 3% 33% 3% Owens Glass .. 32% 31% 32% 32 New York Curb By Thomson & McKinnon. —March 3 11.00 11:00 Alum Cos of Am 42% Humble Oil . .. 40 Am Gas & El.. 21 (Imp Oil of Can. 6*4 Am Lt & Trac. 13 IMead Johnson.. 40 Am Super Pwr. 3 Mt Prod 2% Ark Gas A .... 1 j Newmont Min. . 11% BrazPwr&L.. 6 Nat Bd <v Sh . 9% Can Marconi... % Penrcad i% Cities Service.. 2 S Penn Oil 11 Cord 4*, Std of Ind 17% Deer A; Cos .. . 6 1 Std of Ohio 17% El Bi & Share. 12 istutz %... 10% El Pwr Ass.... 3%: United G mewl 1% Gen Aviation.. 4 Dn Lt & P (A) 2% Ford of Eng... 3 iUn Verde 1% Goldman Sachs 2% Ut Pwr 1% Great A & P.. .128% Van Camp .... % Gulf OH 24 !Un Fndrs 1 New York Bank Stocks (Bv Abbott. Hoppin & Cos.) —March 2 Bid. Ask. Bankers 58% 50% Brooklyn Trust 114 117 Chase National 23*4 23*4 Chemical 31% 3214 National City 25% 23 Corn Exchange 59 60% Continental 13 13*4 Empire 19% 20% First National 1.230 1.250 Guaranty :.... 260 263 Irving 17>/ 2 17*4 Msnhatten & Cos 22% 23 Manufacturers 22% 22% New York Trust 77 79 Public 21 21% Liberty Bonds By United Press NEW YORK. March 2.—Closing Liberty bonds: Liberty 3%s '47 100.1 Liberty Ist 4Us ’47 100.7 Treasury 4%s '52 104 Treasury 4s '54 100 3 Treasury 3%s 06 98.31 Treasury 3%s 47 97.4 Treasury 3%s ’43. March 97.10 Treasury 3%s ’43. June 98.1 Treasury 3%s ’49 96.15 Treasury 3s ’55 94.14
Investment Trust Shares
(By Abbott. Hoonin & Cos.) —March 3 Bid. Ask. Amer Bank Stocks Coro 1.20 1.45 Amer Founders Corn 75 1.12 Amer & General Sec A 3.37 4.62 Basic Industry shares 1.79 1.84 Brit.sh Tyne Inv Tr shares.v. .37 .42 Collateral Trustee shares A. . 3.00 3.25 Corporate Trust shares loidi. 1.51 1.56 Corporate Trust shares (newi 1.43 1.47 Cumulative Trust shares ... 2.35 2.40 Diversified Trust shares A... 6.00 7.00 Diversified Trust shares B 4.50 550 Diversified Trusut shares C.. 1.86 1.91 Diversified Trust shares D... 3.25 3.62 First Insurance Stock Corn . 1.85 2.50 First Common Stock Corp.. 1.20 1.40 Fixed Trust Oil shares A... 5.24 Fixed Trust Oil shares 8.... 4.40 Fundamental Trust shares A. 2.50 2.75 Fundamental Trust shares B . 2.37 2.62 Leaders of Industry A 1.95 2.05 Low Priced shares 2.37 2.47 Mass Inves Trust shares. .. .12.62 13.12 Nation Wide Securities 2.18 2.26 North Am Trust shares i1953i 1.25 North Amer Tr shares (55-56) 1.53 . 1.57 Selected American shares.... 1.60 1.30 Selected Cumulative shares.. 4:37 4.75 Selected Income shares 2.25 2.62 Std Amer Trust shares 2.23 2.28 Super Amer Trust shares A. 2.58 268 Trust Shares of America.... 2.02 2.12 Trustee Std Oil A 2.87 Trust"-' Std Oil B 2.62 TT S Electric Lieht fe, Power A 12.25 13.00 Universal Trust shares 1.92 1.99
In the Cotton Markets
CHICAGO —March 2 High. Low. Close. January .. 6 6b March ... 6.00 Mav 6.10 5.99 6.10 Julv 6.23 6.13 6.23 October 6 42 6.29 6.42 December 6.54 6.44 6.54 NEW YORK January 6.59 6.42 6.59 March 5.97 5.87 5.97 Mav 6.07 5.93 6 06 July 6 19 6.05 6.17 October 6.38 6.23 6.38 December 6.51 6.35 6.50 RAW SUGAR PRICES —March 2 High. Low. Close. January 1.02 .97 .97 March 89 87 .87 May 92 .88 .88 September 98 .93 .93 December 1.00 .96 .97 CHICAGO FRUIT MARKET By United Press CHICAGO. March 3.—Apples—Michigan Spies bushel. $1®1.25; Mclntosh bushel, SI. 10® 1.25; greenings bushei. 85c@$l; Indiana Pome Beauties bushel. 01.15(3.1.25; Illinois Wlnesaps bushel. $1.25® 1.35.
THE INDIANAPOLIS TIMES
PORKER PRICES RISE DIME IN FIRM DEALING Cattle Slow, Around Steady With Previous Range; Sheep Dull. Advances of 10 cents were recorded in all swine classes this morning as buyers sought offerings at the city yards. The bulk. 160 to 275 pounds, sold for $3.70 to $3.80. with a top of $3.85. Weights of 275 pounds up brought $3.50 to $3.65; 120 to 160 pounds, $3.30 to $3.60. Receipts were estimated at 5,000. Holdovers were 183. Slaughter class cattle were slow and around steady with Thursday’s range. Receipts were 300. Vealers were unchanged at $6.50 down. Calf receipts were 400. Today’s sheep market again was slow in developing, with the bulk of Thursday’s late sales recorded at $5.35 to $5.60. Receipts were 900. With little action displayed, hogs at Chicago resumed the advance started three days ago. Few sales on 180 to 225 pounders moved around 15 cents higher than Thursday’s average, while top held at $3.90. Bulk prices on the latter held at $3.80 to $3.90. Several classes were strong and inactive. Receipts numbered 16,000, including 8.000 direct; holdovers, 2.000. Cattle receipts were estimated at 1000; calves, 400; market, unchanged. Sheep receipts were 10,000; market steady. HOGS Feb. Bulk. Top. Receipts. 24. $3.60® 3.70 $3.70 5.000 25. 3.45®; 3.60 3.60 2,000 27. 3.4543! 3.60 3.60 4,000 28 3.50® 3.65 3.65 4.000 March 1. 3.55® 3.70 3.75 4,000 2. 3.60® 3.70 3.75 3.500 3. 3.70@ 3.80 3.85 5.000 / Market, higher. (140-160) Good and choice .. .$ 3.50® 3.60 —Light Weights—-(l6o-1801 Good and choice ... 3.80® 3.85 (180-2001 Good and choice... 3.80® 3.85 —Medium Weights—-(29o-220'. Good and choice... 3.80® 3.35 <22C-250 1 Good and choice. ... 3.75® 3.80 —Heavy Weights—-(2so-2901 Good and. choice... 3.65® 3.70 (200-350) Good and choice... 3.55® 3.65 —Packing Sows—(3so down) Good 3.00® 3.25 (350 UP) Good 2.85® 3.10 (All weightsi medium 2.65® 2.90 —Slaughter Pigs—-(loo-130) Good and choice.... 3.00® 3.30 CATTLE Receipts. 300; market, steady. —Steers— * (550-1,1001-Good and choice $ 5.25® 6.75 Common and medium 3.50® 5.25 (1.100-1.500) Good and choice 4.50® 6.50 Medium 3.25® 4.50 —Heifers—-(sso-750) Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (750-900 Good and choice 3.75® 5 25 Common and medium 2.50® 3.75 —COW’S— Good 2.75® 3.25 Common and medium 2.00® 2.75 Low cutter and cutters 1 25® 2.00 —Bulls (yearlings excluded! Good i beefi 2.50® 3.00 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts. 400: market, steady. Good ana choice $ 6.00® 6,50 Medium 4.50® 6.00 Cull and common 2.50® 4 00 —Calves—-(2so-500) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 —Feeder and Stocker Cattle—-(soo-800) Good and choice 4.25® 5.50 (800?050) and medium 2.75® 4.25 Good and choice 4.25® 5 50 Common and medium 2.75® 4.25 SHEEP AND LAMBS— Receipts, 900; market, steady. (90 lbs. down) Good & choice.* 5.25® 5 75 ! 90-119 lbs.i Good and choice. 5.00® 5.50 (90 lbs. down) Com. and med. 3.00® 5.25 „ . —Ewes— Good and choice 2.00® 2 75 Common and medium I.oo® 2 00
Other Livestock BY UNITED PRESS BUFFA LO, March 3 Hogs—On sale 1,700: active to all interests, generallv 10c lower than Thursday’s average; some med.um weights lower; desirable 170 to 240 lbs $4.25® 4.35; few 325 lbs.. $3.65; pigs and underweights, $3.50® 3.85. Cattle—Receipts, 300; mostly reaction cows; slow and weak to 25c lower; cutter grades, $1.25®2 Calves—Receipts. 375; vealers steady; good to common. $7®7.50; common and medium $1.50®6. Sheep—Receipts. 1,500; holdover' 800: lambs very active to steady; good to choice woolskins. $5.60® 5.95. mostly $5.75 ®5.80; few outstanding handv weights, $6: similar kinds and shorn lambs $5.15® a.25; common and medium lamb's, $4.75® 5.25. EAST ST. LOUIS. March 3.—Hogs—Receipts, 7,500; 500 direct; market, 5® 10c higher: top. $3.80; bulk, 160-240 lbs.. $3.65 9.75: 250-280 lbs.. $3.50®3.60; 140-150 lbs $3.25® 3.65; 100-130 lbs., $2.60® 3.10; sows, $2.75® 3. Cattle—Receipts, 700; calves oOO; market, mostly steady in slow cleanup trade with vealers 25c lower at $6.25; not enough sales of other classes to warrant mentioning. Sheep—Receipts. 809; marset. steady to 25c lower; few choice lambs to city butchers. $5.90: no sales to packers. CLEVELAND. March 3.—Hogs—Receipts, 1.200; holdover none; mostly 104/20c higher: bulk. 160-250 lbs., $4.10- load Plainer quality offered at $4; 230-300 lbs largely $3.25; pigs. $3.25 upward. Cattle — Receipts, 75; steady; undesirable quality considered; low cutter to cutter steers. $2.25®3; only scattered head meaty enough to bring $3.50® 4: low cutter to common cows around SI 25®2.25. Calves—Receipts. *00; steady to weak; spot 50c under high time Thursday: good to choice vealers largely $7 downward: few, $7.50; cull to medium largely $4.50® 6: trashy calves downward to $2.50. Sheep—Receipts. 400irmbs steady; plainer quality considerednearly good wooled skins. $5.75; comparable clipped. S5: few wooied throwcuts, $4.50: sheep unevenly lower. By Times Special LOUISt ILLE. March 3.—Cattle—Receipts 50; supply limited market quotable around steady; common and medium steers and heifers quotable at 53.25®4.25; beef cows and bulls mostly $2.75 down: low cutters and cutters. $1.25®2; Stockers and feeders Quotable from $4.75 down depending on kind and duality. Calves—Receipts. 125. steady; good and choice vealers, s4® 5; medium and lower grades. $3.50 down. Hogs —Receipts. 300. 10c higher: 175-240 lbs.. $3.75: 245-295 lbs. $3 50; 300 lbs. up. $3.10; 135-170 lbs.. $3 20: 130 lbs. down. $2 55; sows. 52.60 and stags. $1.65 Sieep—Receipts. 25: market quotabie steady: bulk good lambs salable. $5.50: medium and lower grades mostly S5 down: slaughter ewes. sl®2. Thursday's shipments 155 calves.
Indianapolis Cash Grain
—March 2 The -bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41* 2 c New York rate, were: Wheat—Weak: No 1 red, 41.42 c; No. 2 red. 40'3 41c; No. 2 hard. 403,41 c. Corn—Weak: No. 3 white, 14'- 2 'S 15> 2 c; No. 4 white, 13VT 141„c: No. 3 yellow. 143 15c; No 4 yellow, 13tfi 14c: No 3 mixed. 13 314 c; No. 4 mixed, 12313 c. Oats—Weak; No. 2 white. 12313 c: No. 3 white. 11312 c. Hay—Steady. (F. o. b. country points taking 23 ! 2 c or less rates to Cincinnati or Louisville.t. Timothy—No. 1 $5.503 6; No. 2 5535.50. —lnspections Wheat—No. 1 red. 1 car: No. 2 red. 9 cars: No. 5 red. 1 car, No. 2 mixed. 1 car: Total. 12 cars Corn—No. 3 white. 3 cars; No. 2 yellow. 2 cars: No. 3 yellow. 14 cars; No 4 yellow. 23 cars. No. 5 vellow. 1 car; No. 3 mixed. 2 cars; No 4 mixed. 2 cars. Total. 47 cars. Oats—No. 2 white 5 cars: No. 3 white. 22 cars; No. 4 white. 3 cars. Total. 30 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 42c for No 2 soft wheat. Other grades on their merits. TOLEDO CASH GRAIN By United Press TOLEDO. March 2.—Cash gram close: 'grain in elevators, transit billing'. W r heat —No. 2 red. No. 1 red. lc premium. Corn —No. 2 yellow, 274i28c Oats —No. 2 white. 19"? 20c. Rve—No. 2, 41*a3 42 1 2 c. Barley—No. 2. 303 31c. 'Track prices. 28'- 2 c rate.) Wheat—No. 2 red. 49350 c: No 1 red. Corn—No. 2 vellow. 22a<g34c; No. 3 yellow. 21>a 22‘ 2 c: No. 4 vellow. 20<ff21c. Oats — No. 2 white. 16317 c; No. 3 white. 15' 2 316' a c. 'Seed close.' Clover— r Cash, 85.10A. Alsika—Cash. $5.80A. • Produce close.' But-ter-Fancy creamery. 32c. Eggs—Extras, 12&12 ! ac. H*.;—Time ny per cwt.. 80c.
- THIS CURIOUS WORLD -
4 £BO mi . © (933 BY NBA SERVICE, INC. 1
BUSINESS NEWS SUMMARY
Pacific Telephone & Telegraph Cos. declared the quarterly dividend of $1.50 on common stock, payable March 31. of record March 20; $1.75 was paid previously. Government deficit on Feb. 28 amounted to $1,360,279,739, against $1,781,017,496 a year ago. Bank statement as of March 1, shows an increase of $732,000,000 in money in circulation and a decrease of $116,000,000 in monetary gold stocks. Brokers loans displayed a decrease of $11,000,000 to $418.C00.000 during week ended March 1; non-brokers loans increased $31,000,000; New York stock exchange reports brokers loans increased $15,998 during February to $359,957,000. Chrysler Company omitted a quarterly dividend of 25 cents and showed a net loss totaling $11,254,232. after charges, against net profit of $1,468,935 in 1931. R. J. Reynolds earned 75 cents each on common and common class B stocks. American. Rolling Mills Company and subsidiaries in 1932 reported a consolidated net loss amounting to $2,029,602 after all charges against net loss of $3,098, 445 in 1931.
The City in Brief
SATURDAY EVENTS Alliance Francaise. luncheon, Washington. Sigma Alpha Epsilon, luncheon. Columbia Club. Following the meeting a card party will hold a business meeting Saturday night at 2507 English avenue. Folowing the meeting a card party will be given. A Negro footpad robbed Charles Specht, 210 West Thirty-first street, of $10.30 Thursday night after accosting him at Thirty-fourth and Pennsylvania streets. Specht told police the bandit jabbed him in the back with a revolver. Scene for the Indiana Christian hospital jubilee and entertainment to be held tonight, has been changed from the Claypool to the Indiana theater ball room. Second annual convention of the Indiana Federation of Garden Clubs will be held Thursday of next week in the Herron Art institute with an exhibit of garden photos as the main events. Three gold prizes will be awarded to winners. Meeting of the Indianapolis Grocers’ Trade Association, scheduled for Monday at the Athenaeum, has been postponed indefinitely, it was announced today. F. O. Beizer, Boy Scout executive, today announced 265 bags of clothing, containing 3,040 articles, have been collected by local Scouts for distribution to the needy. “Adult Education” will be subject of an address by Proses-or Albert E. Bailey of Butler university, at a meeting of the Scientech Club Monday noon in the Columbia Club. Leland Morgan, attorney, will speak on “Government by the People" at a bi-weekly meeting of the ’’Boosters” at 6:30 Monday in the Hoosier Athletic Club. A “hard times” dance will be given Saturday night in the Hoosier Athletic Club as the first of a series of special events arranged for the spring season by the entertainment committee. Births Bovs -Oliver and Margaret Mill*. 2023 North Illinois. _ Girls Kenneth and Edna Flora. 2515 North Ga!e. I,ovd and Etta Brimberrv. St. Vincent* hospital. Deaths Mack B. Hauk. 74. 3317 East Thirtieth, cerebral hemprrhage Roberta Young. 8 mo. Rilev hospital, tuberculous meningitis. Cyrus Marion Hines. 57. city hospital. Dfliegra. William Elmer DeWalt. 66. 1221 Spruce, angina pectoris. George W. Entwlstle. 85. 5457 North Keystone. acute dilation of heart. George Adams, 52. city hospital, carcinoma. Anna Moss. 54, 2112 Wendell, valvular heart disease. Thompson Holmes, 90. 6432 College, arterio sclerosis. Edward Anderson, 62. 843 North Delaware. coronarv embolosm. Andv Carbonie. 64. city hospital, lobar pneumonia. Matilda Stanley, 57. 515 Fleming. Influenza. Frank M. Adams. 69, 1801 North Illinois, influenza.
For 300 years, white men had been unable to solve the mystery of where the blue goose nested. Naturalist Soper then set out on what was to be the world's record wuld goose chase. For five years he traveled and searched, but not a nest did he find. Later, he set out again, and this time he was successful The breeding area of the bird was found to be in western Baffin Island, in a region of some 800 square miles. Next: Does the eagle build anew nest each year? L. G. BREUNIG GETS SECURITIES POST “ Sales Representative Made Field Manager. Appointment of Leßoy C. Breunig as field manager of the Indianapolis office of Henry L. Doherty & Cos., New York investment house, has been announced by Hughes B. Davis, district sales manager, Cincinnati. Breunig has been connected with the local office at 322 Circle Tower for three years as sales representative. For ten years he was associated with the Vonnegut Machinery Company. The Doherty company specializes in marketing the securities of the Cities Service Company. HARVESTER CO. REPORTS DEFICIT OF $7,583,000 Loss Compares With Net Profit During 1931. By United Press CHICAGO, March 3.—lnternational Harvester Company today reported a loss of $7,583,000 for 1932, compared with a ’profitTf $L346038 in 1931. A transfer of $10,000,000 was made from the general reserves to the surplus compared wuth a transfer of $11,000,000 last year. This was to offset dividends of $16,758,909 in 1931 which were reduced to $12,046,878.22 in 1932. The net loss after all charges including dividends and interest was $19,629,757.19 compared with $15,412,371 the previous year. The surplus was reduced from $54,695,735.69 at the start of the year to $45,065,973.50 at the start of 1933. Accounts receivable at the end of the year were $119,000,000 or $20,825.000 less than in 1931. The ratio of assets to liabilities was fourteen to one at the close of the year. Assets were $346,736,937.82, of which $32,927,483.02 was cash.
Produce Markets
Delivered in Indianapolis prices: Hens, heavy breeds over 4‘ 2 lbs., be: Leghorns. 7c; large springers and stags, Its lbs. up. 7c: Leghorns and black and Leghorn stags. I 1 a lbs. up. sc: cocks. sc: Leghorn cocks. 4c. Ducks—Large white full feather and fat. over 4 lbs.. 6c; small and colored. sc: eeese. full feathered and fat. sc: young guineas. 20c: old guineas. 15c. Eggs—No. 1 fiesh country run eggs. 9c: pullet eggs. 6c; each full egg case must weigh 55 lbs. gross; a deduction of 10c per lb. for each pound under 55 lbs gross will be made. Butterfat —l4 c: No. 1 butter. 20321 c. These prices for healthy stock free from feed; no sick poultry accepted. Quoted by the Wadley Company. BY t'NITED PRESS CHICAOO. March 3. Eggs Market steady to firm: receipts. 9 2a5 cases; extra firsts, 12' 2 3 12 3 c: firsts, 12 1 12’ 2 c: current receipts. 12c: dirties, 11c Butter— Market weak: receipts, 9 848 tubs; specials, 16' 2 <j17c: extras, 16c: extra firsts. 15 3 4c; firsts. 15‘ 2 c: seconds unquoted: standards, 16' 2 c. Poultry—Market steady, receipt-, 10 trucks: fowls, 315 c: Leghorns. 8c: ducks. 11312 c: cheese, 8c: turkeys. 123 15c; roosters, 8' 2 c: broilers. 163 17c; stags. 11c. Cheese—Twins, 9' 2 39 3 <c. longhorns. 10310'.sc Potatoes —On track 208: arrivals, 116. shipments, 975; market dull: Wisconsin round whites, 70c: Minnesota round whites 57' 2 c Idaho russets. (1.1031.15; Colorado McClures, SI 25. NEW YORK COFFEE —March 2 RIO Close March 5 59 May 5 54 July 5 39 September 5 21 December 5.14 SANTOS High. Low. Close. March 8.28 8.14 8 22 July . ... 7.75 7.55 7.68 September A .... 747 7.34 743 December 7.38 7.15 7.32
INDIANA STOCKS AND BONDS
The following quotations do not represent actual bids or offerings, but merely, indicate the approximate market level based on buying and selling Inquiries or recent transactions. —March 3 STOCKS Bid. Ask. Belt Rail & Stocks Yards com. . 22 27 Belt Rail & Stock Yds pfd 6' o 45 49 Central Ind Power pfd 7% 10 14 Citizens Gas com 14 17 Citizens Gas Cos pfd 5% 62 68 Home T & T Ft Wavne Dfd 7% 39 43 Ind & Mich Elec Cos pfd 7%.. 75 80 Ind Gen Service Cos pfd 6%.. 80 83 Ind Hydro Elec Cos pld 7% 29 34 IndDls Gas Cos com 40 46 Indpls Power & Lt Cos pfd 6% 53 56 Indpis Pwr & Lt Cos pfd 6%% 58 63 Indpls Water Cos pfd 5G- 90 97 No Ind Pb Ser Cos pfd 5%%.. 30 34 Nor Ind Pub Serv Cos pfd 6% 33% 37% North Ind Pub Serv Cos pfd 7% 40 44 Public Service Cos pfd 6% 26% 30% Public Service Cos pfd 7%. . 36% 40% South Ind Gas & El Cos pfd 6% 57 61 Terre Haute Elec pfd 6% 48 53 BONDS Belt Rail k Stock Yards 4s 1939 80 85 Citizens Gas Cos 5s 1942 86 90 Home T & T Ft W 5%s 1955. 97 100 Home T & T Ft W 6s 1943.. 98 101 Indpls Gas Cos 5s 1952 74 78 Indpls Rvs Inc 5s 1947 19 25 Indpls Water Cos 4%s 1940 97% 100% Indpls Water Cos 5s 1960 90 93 Indpls Water Cos 5s 1970 90 93 Indpls Water Cos 5%s 1953 ...100 103 Indpls Water Cos 5%s 1954... 100 103 Kokomo Water Works 5s 1958 . 79 82 Lafayette Tel Cos 5s 1957 83 88 Muncie Wa*er Works 5s 1930.. 94 93 Richmond Water Works as 1957 84 88 Terre Haute Water Wk 5s 1956 84 88 Terre Haute Wat Wrk 6s 1949. . 95 99 Traction Terminal Cos 5s 1957.. 37 42 Joint Stock Land Banks Bid. Ask. Atlanta Atlantic 5% 36 40 Burlington 5% 24 29 California 5% 51 55 •Chicago srr5 r r 16% 19% Dallas 5% 38 42 Denver 5% 40 44 Des Moines 5% 34 39 First Carolinas srr5 r r 27 31 First Ft. Wavne 5% 42% 47% First Montgomery 5% 30 34 First New Orleans 5% 30 34 First Texas 5% 39 43 First Tr Chicago 5% 40 45 Fletcher 5% 61 65 Fremont 5% 30 35 Greenbrier 5% 58 62 Greensboro 5G 37% 41% Illinois Monticello 5% 53% 57% Illinois-Midwrst 5% 35 40 Indianapolis 5% 75 79 lowa 5% 40 45 Kentucky 5% 50 55 Lafayette 5% 39% 43% Lincoln 501. 36 40 Louisville 5<% 49 53 Marvland-Virs'lnia SG, 55 no Mississippi 5% 32 37 New York 5% 37 41 North Carolina 5% 25 29 Oreeon-Washineton ?8 32 Pacific Portland 5G 35 39 Pacific Salt Lake 5% 40 44 Pacific San Francisco 5% 40 44 Pennsylvania SG, 50 55 Phoenix 5G 53 53 Potomac 509 38 42 •St. Louis 5 G 14 17 San Antonio 5% 44 48 •Southern Minnesota 5% ... 8 10 Southwest se 32 37 Tennessee 5'5 42 47 Union Detroit 5", 35 40 Union Louisville 5"9 49 53 Virginia Carolina SG. 32 37 Virginia 5% 48 52 •Flat. To free sn automobile stuck in mud or on ice. an inventor has designed strips of iron which may be placed so that the tires can obtain the needed traction.
ABBOTT, HOPPIN & COMPANY 203 Continental Bank Bldg Indianapolis Stocks, Bonds, Grain MEMBERS: New York Stock Exchange New’ York Curb Exchange Chicago Stock Exchange Chicago Curb Exchange Chicago Board of Trade Co-Managers JAMES T. HAMILL KENNETH K. WOOLLINQ Formerly Members of JAMES T. HAMILL & COMPANY Riley 5493-5494
★ Safety for Savings Fletcher American NATIONAL BANK • Southeast Corner of Market end PennsyWjnto
PAGE 17
GRAIN FUTURES SHOW GAINS ON LIGHTBUYING Lack of Rain. Strong Cable News Aid All Wheat Options. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO. March 3.—W heat showed resistance to further selling due to the nervousness in banking circles as the Board of Trade opened today and was unchanged to % cent higher. Lack of precipitation in the southwest and unexpectedly strong cables gave the market a better tone. Trading was not large at the start, but pressure was absent and light buying sufficed to advance prices. Liverpool reported a better demand. Corn was unchanged to % cent higher with wheat, but oats was unchanged to % cent lower with July setting anew low for the season. Provisions were steady. Wheat remains under the influence of weakness in stocks and bonds and nervousness over the banking situanon to the exclusion of all fundamentals in grains. News that the farm board holdmy3 will be liquidated under the new administration was regarded as a step in the right direction. Liverpool was lower, but a 3-point advance in sterling gave the market a \< to % cent advance at mid-after-noon. The report on stocks of corn on the farm was viewed by some traders as bearish Thursday and the market lost a fraction. Others believe it revealed an improved outlook with a .bullish fundamental position. Oats is in a rut around the low levels of the season. Chicago Primary Receipts —March 2 Wheat 740.090 Corn 515.000 Oats 4 204,030 Chicago Futures Range —March 3 WHEAT— p rew ., „ Hitrh. Low. 10:00 close! Mav 47% .46% .47% .47 Julv 481 s 47% .47% 47% September .. .48% .48% .48% .48% CORN— Mav 23’, .23*, .23% .23% Julv 25*3 .25% .25*, ,25% September ... .27% .26% .27% .26% OATS— Mav 16 .15% .16 .15% Julv 16% .18% .16% .16% September .. .16% .16% .16% .16% RYE— Mav .34 .33% .34 .33*4 July 33% .33% .33% CHICAGO CASH GRAIN By United Press CHICAGO. March 2 —Cash grain close: Wheat—No sales. Corn—No. 3 mixed. 21%®21%c; No. 5 mixed. 20%c; No. 2 yellow, 23%®23 I sc; No. 2 yellow old. 24c; No. 3 yellow. 21%®22%c: No 4 yellow. No - 5 .veliow. 21c: No. 6 yellow, 19%®20c: No. 2 white, 23c: No 3 white. 21 a®2l%c; No. 5 white, 21c. Oats—No. 2 mixed. 15%c: No. 2 white, 16c: No 3 white. 15®13%c- choice, 16%c. Rve—No Barley—24® 35c. Timothy—s2.2s® 2.50. Clover—ss.so®B. By Titties Bpecinl CHICAGO. March 3—Carlo's: Wheat. fi v c< 7 rn ' 120: oats - 10 • rve - 4 and ba? - ANNOUNCEMENTS 1 Death Notices CANDEDO, CHARLES HARVEY—Husband ot Gertrude Candedo. father of Louis Candedo. brother of William and Vernon of Rockford. 111., passed awav at the Methodist hospital Thursday afternoun. Funeral services will be held Saturday. 2:30 p m . at the M’NEELY MORTUARY. 1828 North Meridian. Friends invited. Remains will be taken to Rockford. 111., for burial Sunday. Friends mav cali at the MORTUARY after 5 p m. Friday. HALPIN. ARTIMISS—BeIoved mother of Mrs. J. C. Starnes. Mrs. Marv Freeler.s, Louis William. Horace and Mildred Halpin. daughter of Mrs. Sarah Gulley’ of Maywood. Ind.. depaUed this life Friday. March 3 Age 51 years. Funeral notice later. For further information call MOORE & KIRK. CII.-3550 HO IT. MARGARET—Widow of Simon W. Hoyt and mother of Arthur C. and William W. Hovt. passed awav Friday. March 3. at the residence 2 miles west of the countv line on the Rockville Road. Time of funeral ?iven later. For further information cal’ FINN BROS. FUNERAL HOME, TA-1835. TYNER. THOMAS B.—A 7e 61 vears. beloved husband of Eta Tvner and father of Samuel B. Tvner and Mrs Mab! Buck, passed awa- at his residence. 1850 S East, S*. Friday 6 a m. Funeral Saturday. 2 n. m. at the G. H. HERRMANN FUNERAL HOME 1505 E East St. Friends invited Burial Crown Hill. Friends mav call at the FUNERAL HOME ap"tlm° 3 Funeral Directors. Florists ~~wTT. BLASENGYM Main office. 2226 Shelby Bt. Branch office. 1634 W Morrt*. Dr 2570 FINN BROS. Funeral Home 1630 N Meridian St TA-1835, GRINSTEINER’S 522 E. Market RI 5374 HISFY & TITUS 957 N. Delaware LL 3828 Johnson & Montgomery Funeral Home 1622 N Meridian. HA-1744. J. C. WILSON 1230 Prospect. Dr 6321-0323, 4 Lost and Found BUNCH of keys lost downtown district Monday. Reward. 310 Merchants Ek. Bldg. RI-3021. CHILD GRIEVING FOR PET—White wirehaired Fox terrier female, wearing coliar Name. Tom-Bo" Reward. LI-5934. DOG—Lost: part Fox terrier and bull: body white brown soot cn tail and bodv. W'earir.z full harness looks like Vict~r talking machine dor TA-1159. R*-9334. ENGLISH SETTER Female: white and liver color. HU-6038 or BE-3068-3. Reward. _____ FOX hound, female, 10-t Tuesday -.hit* and tan. Reward. 2907 School St. GREAT DANE DOG—Verv large tan: missing since Feb. Ist Reward $25 to finder or for Information leading to recovery. No questions asked. TA-191S. LOST—Hound pup Saturday. White anj brown spotted. Reward. CH-1255. LOST—Long flat grav change nurse, containing about S6 two small kevs and memoranda, about 10:30 a m. Thursday at corner o' Market and Alabama. Reward, WA-OQIO. t 5 Personals. ‘WHEN OTHERS FAIL’ Reach for E-N-T OH and use this oil persistently. Inhale its healing OilMist which quickly penetrates the infected membrances. with Its Soothing Oils and Balsams. This Master remedy remains hours after using—fighting germs—removing congettion. Keeps the nos- end threat r!an and bealtnv it Is instantly effective A quicker relief for Cold—Sinviitis —Sin", in'er'ion recommended bv specialists. Sold on money back guarantee—a tr.al will surprise you Ask ronr Druggist E-N-T Oil Cos., Indianapolis. Ind. DR. LUTZ removed to 2223 N Pennsylvania St. INVALIDS k MENTALS— In trained nurse’s horn*: references. Centrally lo cated RI-6136. NEW EDITION— ALL THREE-LETTER WORDS postpaid. 10c No stamps. R W Burris. 6346 Central Ave., Inal* anapolis. RENT A MAYTAG $1 per week. Call Rl 9441 Extension 173. L. S AYRES A Cos WITNESSES who saw bov struck bv bu* at Madison Ave. and Morns St., ah rut 7 p m. on Feb 7. Call at 505 MeyerKistr Bank Bids.
