Indianapolis Times, Volume 44, Number 275, Indianapolis, Marion County, 28 March 1933 — Page 13

MARCH 28, 1933

LIGHT SELLING FORCES WHEAT OPTIONS DOWN Liquidation of Farm Board Holdings Prevents Advance. BV HAROLD E. RAINVILLE United Prm Staff torresoonde nt CHICAGO, March 28. Wheat rased fractionally as the Board of Trade opened today. First prices were unchanged to % cent lower on the weakness in stocks and cables and the forecast for rains in Kansas, Pressure was not heavy, but support was poor. Liverpool was dull. Corn eased with wheat, being % to % cent lower at the start. Oats was firm, unchanged to % cent higher Rye was % cent lower. Provisions were weak. Persistent liquidation of farm board holdings of May wheat is preventing any price advance. Cash sales to mills are running large, estimated at 10,000,000 bushels since the lifting of the bank holiday, and are a constructive factor. Liverpool was about as due, % to % cent lower at mid-session. Corn continues to act tight with the action in the cash market enabling futures to disregard the trend in wheat. Oats are participating in the strength in corn due to their own cash situation. Chicago Primary Receipts March 27 WhMt 907.000 Corn 425.000 Oats 410.000 Chicago Futures Range —March 28—W'HEAT— Prev. High. Low. 10 00 close. Mav .52 .51% .52 .52% Julv 52% 51% .52 .52% September .. .52 . .52‘a .52% .53 CORN— Mav . 29 .28 .20 .29% Julv 30% .30% .30% .31% September .. .32% .32% .32% .32% OATS— Mav ....... .18% .18% .18% .18% Julv .18% 18% September ... .19% .19% .19% .19% Mav 38% .38% .38% .38% Julv 38% .38% .38 % .38% BARLEY Mav 30% .31 Julv 32‘* September CHICAGO CASH GRAIN fill I niled Press CHICAGO. March 27.—Cash grain close: W'hcat No sales Corn No. 4 mixed. 28% ui 28' jc No. 2 yellow. 30 %r ; No. 2 yellow, old. 30%c: No. 3 vellow. 29%% 29%c; No. 4 yellow. 27 1 i'll 29c: No. 5 yellow. 28c: No. 2 White 30%r; No 3 white. 30% 30%c, No. 4 white. 29%c. Oats No. 2 white. 19%fft 20>4C. latter fancy. No. 3 white 18%@19c; No 4 white. 15 0 17' c; fancy. 19%r sample grade 15c. Bariev. 27% 40c. Timothy. $2 25% 2 50. clover. $6.754,9.50. Cash provisions—Lard. $4.32. Loose, $3 77. Leaf, S3 87. fill limes Special CHICAGO, March 28.-Carlot,s: Wheat, 11 corn, 112, oats. 45; rye. 6. and barlev. 23. TOLEDO ( ASH GRAIN fill r //I led I’ri .44 TOLEDO, March 27.—Cash grain close: (drain In elevators, transit billing). Wheat No. 2 red. 59% % 60' 2 c; No 1 red, lc premium Corn No. 2 vellow, 33 % iff. 34%c. Oats No. 2 white. 22%(ii23%c. Rye—No. 2 15'/46c Barley- No. 2. 33%;34c. iTraek prices, 28%c ratei. Wheat No. 2 red, 55% 55> -c: No 1 red. 56®56%c. Corn—No. 2 vellow. 29%®30'e: No 3 vellow. :. 29''C- No. 4 vellow. 27'a®28c. Oats—No. 2 white, 19%®'/ 22c; No. 3 white. 19<@21%C. (Seed closet. Clover, cash, $6. Alsike. cash, $6,20. /Produce closet. Butter, fancy creamery. 23c. Errs, extras. ll@U'ic. Hay, timothy, per cwt . 75c.

Indianapolis Cash Grain

—March 27 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f n b, shipping point, basis 41% New York rate were: Wheat Easy. No. 1 red. 50%4i51%c: No. 2 red. 49%((i50%r; No. 2 hard, 19%4450'5C. Corn—Strong; No. 3 white. 22% 4123 %c; 4 white. 21%(ff22%c; No. 3 yellow, 21%(ff22%c: No 4 yellow, 20%'521%c; No. 3 mixed. 20%rfT21 1 a: No. 4 mixed. 19%<fj: 20%. Oat* Firm: No 2 white. 18<ff.l6%c; No 3 white, 15(315%c. Hay—Steady. (F o. b. country points taking 23%c or less rates to Cincinnati or Louisville). No. 1 timothy. $5,507/ 6: No. 2 timothy. $5 (55.50. —lnspections Wheat No. 2 red, 2 cars; No I mixed. 2 cars Total. 4 cars. Corn —No. 2 white, 7 cars; No 3 white. 6 cars:. No. 2 yellow. 1 cars. No. 3 yellow, 30 cars: No. 4 yellow. 4 cars. No 3 mixed, 1 ear. Total, 49 cars. Oats No 2 white, 33 cars; No. 3 white. 26 cars; No. 4 white. 4 cars: Sample white, 2 ears; No. 2 mixed, 3 cars. Total, 68 cars. INDIANAPOLIS WAGON WHEAT Citv grain elevators are paving 47c for No 2 soft wheat. Other grades on their merits.

BUSINESS NEWS SUMMARY

Western Maryland in February reported net income amounting to $6,966 after taxes and charges, against $55,693 in February, 1932. Montgomery Ward A Co.’s annual report for 1932 today showed a loss of $5,686,783.75. compared with a loss of $9,737,000 in year of 1931. Sales declined from $210.91.5.672 to $176,488,690. a decrease of 16.33 per cent. Boston and Maine in February reported net loss totaling $156 145, after taxes and charges, against net income of $24,279. Genera) Asphalt Company shows 1932 consolidated net loss amounting to $621."90 after all charges, against net loss of $20,000 in 1931. Pan-Handle Products. Refining and subsidiaries in 1932 reported a net loss totaling $3.53,000 after all charges, against net loss of $.515,000. Domestic crude oil output during week ending March 25, av eraged 2 284,0?5 barrels daily, an increase of 83.157 over previous week, according to Oil and Gas Journal

In the Cotton Markets

—March 27 CHICAGO High Low Close January .. 699 682 682 Mav 6 48 6 25 6 25 Julv 6 62 6 42 6 42 October 6 80 6 63 6 63 December 6 93 6 76 6 76 NEW YORK January 6 92 6.76 6 76 March 7.05 6 86 6 86 May 6.37 6 18 6 19 Julv 6 53 6 35 6 36 October 6 71 6 55 6 55 December 6 34 6 66 6 68 NEW ORLEANS Mav 6 40 6 19 6 19 Julv 6.51 6.35 6 35 October 6 70 6.53 6 54 December 6.82 6 67 6.67 NEW YORK COFFEE FUTURES March 27 RIO High. Low Close. Mav 5 30 July 5 16 515 515 September . 500 December 4 33 SANTOS March 6 98 Mav 7 74 7 64 7 64 Julv 7 43 7 35 7 35 September . 721 7 13 7 13 December .. . 7 li 705 705 RAW SUGAR FUTIRES March 27 High. Low Close January 108 l 06 107 March 2.10 108 108 Mav 98 95 95 Julv 1 02 95 95 September 1 05 1 03 I 03 December 1.08 1.06 1.06

New York Stocks """ By Thomson A McKinnon,

March 28— Prev. Railroad*— High Low. 11 00 CiOse. Aten.soil iJ't 42 42 w 42 a A.. Coast cine.. 2l ‘2 21% 2i% 2i •* Balt <k Ohio ... 10 ■* 10 10-*. 10% cnesa A Ohio.. 28 2/% 27 a 2. chesa corp ... .. 1 Can Pac ... g 6 cm N West 4 3 % 4 3% Uti It it VI .... 22'a 21% 22% 22 Del fc Huoson,. o3 2 52% 03% 03% r-r.e s-% .. Great Northern. 8% 8% 8 a 8% Illinois central . . ... ... 12% rvan City 00 ... ... 9 Lou Ac Nash 29* 28% 2J% 2'j M. K ii 1 ... a 7% | Mo Pacific ... 2% 2% Mo Pacific pid.. ... 4 4% N Y central 18% 18% 18% 19 NY KH t; H .11 13% 14 14 Nor Pacific 14% 14% 14% 14. NorfoiK sc West. ... 121 O rtC W # y 1 2 Pennsylvania... ii% 1.% 17® 17-. Ho Pacific 10% 14 . 15% 15 i .southern Rv 7 6% 7 6% ; Si Paul . ... 11* j Union Pacific 71% 71 vi% 71 I\V Maryland . ... 6 6 West Pacific 1% Equipments— Am Car & Fdv 9 Am Locomotive. , . 7% 71. Am Steel Fd .. 6% Am Air Brake Sh ... 11 Gen Am Tank . 18% 18% General Lice .. 13% 13% 13% 13% Pullman 22% 22 22% 22 Weatlngh Ar B 15% 15% 15% 15% Westmgh Elec.. 24% 23% 24% ... Rubbers— Firestone ... ... 10 Goodrich . . . . 4% Goodyear 14 13% 14 13% Lee Rubber . . ... 5% U S Ruober ... 3% Motors— Alburn .. .. 32% 32 32% 33 Chrysler 9% 9% 9% 9% General Motors 11% 11% 11% 11% Oraham-Paige ... . . 1% 1 % Hudson ... ... .. 3% Hupp 2 2 Mack ... ... 18 s * *%‘h 13 Packard ... 1% 1% Studebaker ... 2 2 Yellow Truck ... ... 2% 2 Motor Access— Bendix Aviation. .. ... 8% 8% Borg Warner ... 7% 7% Burrs * 33 Bund Wheel 11 4 Eaton ~ ... 4 LI Auto Lite ... 11 % ii% El Storage B .. 24 24 ! Honda ... 1% | Motor Wheel ... 2 1 Murray Body ... 2 Stewart Warner. .. ... . 3 Timkln Roll 16% 16% Mining— Am Smelt 14% 15 Am Zinc ~ . .. 2% Anaconda Cop . 6% 6% 6% 6 4 Alaska Jun ... 14% iju Cal A: Hecla ... , . 2 1 4 Cerro dc Pasco ’ ' a a Dome Mines . .. ... 13% 13% Freeport Texas 21% Granby Corp 41 „ Great Nor Ore.. .. • ... 51/4 5% Howe Sound 5 Int Nlrkel ... 8 g Kennecott Cop . 9% 9% 9% 9% j Magma Cop 6% 6% ; Miami Copper 2% | Ncv Cons ... 4% j Noranda ... ’’’ jgr, Texas Gul Sul 'lB% 18% Oils— ” I Atl Refining ... 14% 15 j Barnsdall 3% 3 n 4 Houston ... ... 2% Sbd Oil ... ... is Mid Conti ... 4% 4% Ohio Oil 5% 5% 5% 5% Phillips ... 5% 5% Pure Oil 3% 3% 3% ... Richfield ... ... % I Royal Dutch 18 ... [Shell Un 4% 4% Cons Oil 5% 5% Skellv 3\ 3% Standard of Cal ... ... 22% Standard of N J 25% 25% 25% 25% Soc Vac 6% 6% 6% 6% Texas Cos ... 12% 12% Union Oil 10% 10% Steels— Am Roll Mills ... ... 8 Bethlehem 13% 13 13% 13% Byers AM 10% 11% Colo Fuel . 4% 4% Inland 13% McKeesport Tin 51% Repub I * S .. 5% 5% U S Steel. . 28% 27% 27% 27% Vanadium 10 Tobaccos— Am Sumatra 7% Am Tob IAI new .. . . 55% 55% Am Tob 'Bi new 58% 58% 58% 59 LiR & Myers 181 57% 57% 57% 57% Lorillard .. . 12% Reynolds Tob 29% 29% 29% 29% Utilities— Adams Exp 4% Am For Pwt.... 4% 4% 4% 4% Am Pwr <fc Li . 4 4% A T & T 90% 89% 89% 90% Col Gas Ac El.. 10% 10% 10% 10% Com & Sou ... ... 1% Cons Gas 43% 42% 43% 43% El Pwr & Li ... 4 4 Gen Gas tA> ... % % Inti T & T 6% 6 6% 6 Natl Pwr & Li.. 8% B'g 8% 8% No Amer Cos ... 17% 17% 17% 17% Pac Gas & E 1... 23% 23% 23% 23% Pub Serv N J 36 So Cal Edison.... 18% 18% 18% 18% Std G A: El 7% 7% United Corp ... 5% 5% 5 % 5% Ull Gas 1mp.... 14% 14% 14% 15 [ Ut Pwr Ac L A ... 2% 2% j West Union 20% 19% 20% 19% Shipping—- ! Am Inti Corp 6 6% N Y Ship 5% 5% I inti Mer M pfd. .. 1% United Fruit 31% Foods— Am Sugar 33% 33% Armour IAI 1% 1% Cal PkR 10% 9 1 a Can Dry 10% 10% 10% 10% Childs Cos 2% Corn Prod 52 51% 52 51 4 Crm Wheat 27 27% Cuban Am Sur.. ... ... 2% Gen Foods 25% 25 25 25 Hershey 45 Kroger 17 1;% Nat Biscuit ... ... 35% 36 Natl Dairy 13% 13% 13% 13% Purity Bak ... . . 7® Piilsbury 13% Safeway St ... ... 32% Std Brands 16% 16% 16% 16 1 4 Drugs— Coty anc ... 2% Drug inc 32 31% 32 32 Lamoert Cos 26' 1 Lehn <v Fink 16% Industrials— Am Radiator .... 6% 6% 6% 6% Gen Asphalt ... 5% ... Otis Elev ... ... ii% Ulen ... . . 1 Indus ( hems— Air Red 56% 56 56% 56% Allied Chem .... 75% 74% 75% 74% Com Solv 12 11 ® 12 12% [Dupont 34% 33 34% 34-8 I Union Carb 22' 22' 8 22 % 22® U S Ind Alco , 20% 20 b 20% 20 Retail Stores— Assoc Dry Gds 4 I Gimbel Bros ... 1% 1% i Kresge S S .. . 6% 6% Mav D Store... ... .. 11 Mont Ward .... 13 12% 13 13 Penny J C 22 22% Sears Roe 17% 16% 17% 17% Woolworth . . 28% 23% 28% 28% Amusements— Bruns Balke. . .. .. 4% Croslev Radio.. 2% Eastman Kod. . 55% 54% 55% 55% ! Fox Film A 1% 1% ; Griesbv Gru ’a % Loews Inc ... 10% 9% 10 10 Param Fam % % Radio Corp ... 4% 4 4 4% R-K-O 1% Warner Bros ... 1% 1% Miscellaneous— City Ice A: Fu 10 Concc'.eum ... 8 Froc A: Gam ... . . ... 24% 25 Allis Chal ... 7% 1 Am Can 55 54% 55 55 P I Case 44% 43% 44% 44% i Corn Can 42% 42% 42% 47% Curtiss Wr 1% 1% Gillette SR 14% Gold Dust ■■ ... 14% Int Harv 22% 21% 22% 22% Tnt Bus M ... 87% T'n Arcft ... 20% 20% 20% 20% . Trsr.samerica . 4% 4% , Owens Glass 43% Chicago Stocks Opening (Bv Abbott. Hopoin Ac Co.t —March 28— 1 Cities Serv 2% Ut A- Indus com % Prima Beverage 15 Ut Ac Indus pfd 2 U S Rad Ac Tel 7% New York Curb Bv Thomson Ac McKinnon' - March 28— 1100 11:00 Alum Cos of Am 40 Nat Bellas Hess 1% Am Cynamid 5 Nla Hud Pwr 9% Am Gas & E’.ec 19%Penroad 1% jAm Super Pwr 2% So Penn iOl . .. 11% Ark Gas •A .. ISStd of Ind 18% .Cities Service 2% United G • new 1 1% lEi Bnri A- Share 12% U I t A- Pwr .A' 2% Ford of Eng 2% Van Camp % Great A A- P 138 Un Fndrs 1 j Int Pete 9% New York Bank Stocks IBv Abbott. Hoppin A Cos.! —March 27 Bid. Ask. I Bankers 52% 53% Brooklyn Trust 77 80 i Chase National 20% 21% Chemical 30 30% National City 210 221 I Corn Exchange 43 45 Empire 17% 17% ! First National 940 970 Guaranty 12% 13% Irving 15 15% Manhattan & Cos.. . 18 18% Manufacturers 12% 13% New York Trust 68 69 Liberty Bonds 811 I nitrd Pr, ss NEW YORK March 27—Closing Liberty bonds Liberty 3%s 47 ~ 100 14 liberty Ist 4%s '47 101.13 Liberty 4th 4%s 38 101 13 Treasury 4',s 52 106 21 Treasury 4s ’54 103 21 Treasury 3 s 56 ... 10126 Trersurv O’-s <7 . 100 2 T eraurv 3%s 43 March ’. 100 2 Treasury r%s 43 June ion. 2 Treasury 3% '49 . 97 38 Treasury 3s '55 968

PORKER PRICES DROP 10 GENTS AT CITY YARDS All Classes Slow in Cattle Market; Sheep Trade Undeveloped. Hogs were mostly 10 cents lower this morning with trade moving along in a steady manner at the city yards. Weights of 160 to 300 pounds brought 53.80 to $3.90 with a small lot or so going at $3.95. From 300 pounds up. prices ranged from $3.65 to $3.75; 120 to 160 pounds. $3.50 to $3.80. Receipts were estimated at 7.000. Holdovers were 109. In the cattle market all classes were slow, especially steers. Probable cause was the liberal supplies on hand. Most bids were lower. Receipts were 2,000. Vealers were 50 cents lower at $5.50 down. Calf receipts numbered 700. The market was undeveloped in sheep. Only indication of the trend was in fed westerns, these being held above $5.50. Receipts were 1,600. Porker prices continued to move lower at Chicago, with most all classes off 5 to 10 cents from Monday’s levels. Little action was displayed in early trading. The bulk. 180 to 220 pounds, was bid in at $3.90, while asking held around $4 and higher. Receipts were estimated at 20.000, including 6.000 direct; holdovers, 3,000. Cattle receipts were estimated at 20.000. including 6,000 direct; holdovers, 3.000. Cattle receipts were 6.500; calves, 2.000; market, steady. Sheep receipts numbered 10.000; market, unchanged. HOGS Mar. Bulk Top. Receipts. 21. s4.not/ 4.15 $1.1.1 7.000 22. 4 00®i 4.10 4.10 7,000 23. 3.90%. 4.05 4.30 4,500 24. 4.00% 4.10 4.15 6,000 25. 4.00® 4.10 4.10 1,500 27. 3.95® 4.00 4.00 5.000 28. 3.307/ 3.90 3.95 7.000 Market, Lower. il4o-160i Good and choice. .$ 3.70® 3.80 —Light Weights—--1160-1801 Good and choice... 3.90 ÜBO-2001 Good and choice 3.90® 395 Medium Weights—-i2oo-220i Good and choice. .. 3.90® 3.95 i220-250i Good and choice. . . 3.90® 3.95 —Heavy Weights—-(2so-2901 Good and choice... 3.80® 3.85 (290-3501 Good and choice. . 3.70® 3.80 —Packing Sows — 1350 down Good ... 3.15® 3.40 1350 uni Good 3.00®/. 3.25 tAll weights! Medium .2 75® 3.15 —Slaughter Pigs—-iloo-130i Good and choice ... 3.40® 3.50 CATTLE Receipts. 2,000; market, lower. —Steers—-(sso-1,100) —- Good and choice $ 5 25® 6.75 Common and medium 3.50® 5.25 (1.100-1,5001-Good and choice 4.25® . 50 Medium 3.50® 4.50 —Heifers—-(sso-750) Good and choice 4.75® 6.00 Common and medium 3.25® 4.75 (750-900' — Good and choice . . 4.50® 5.75 Common and medium 3.00® 4.50 —Cows— Good 3.00@ 3.50 Common and medium 2.25® 3.00 Low cutter and cutters 1.50® 2.25 —Bulls (yearlings excluded i Good (beefi 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts. 700: market, lower. Good and choice $ 5.00® 5.50 Medium 3.50® 5.00 Cull and common 2.00® 3.50 —Caives—-(2so-500) Good and choice 4.00® 5.00 Common and medium 2.50® 4.00 —Feeder and Stocker Cattle—--1500-8001 Good and choice 4 50® 5.75 Common and medium 2.75® 4.50 (800-1.0501-Good and choice 4.50® 5.75 Common and medium 2.75® 4.50 SHEEP AND LAMBS Receipts. 1,600: market, steady. —Lambs—(so lbs. down) Good and choice.ss.so® 6.00 (90-110 lbs.) Good and choice.. 5.00® 5.75 (90 lbs. dow n) Com. and med... 3.25® 5.50 —Ewes— Good and choice 2.00® 2.75 Common ana medium I.oo® 2.00 Other Livestock BY UNITED PRESS EAST ST. LOUIS. March 28.—Hogs—Receipts. 10.000; inducting 000 direct; maraet. lOu lower: top. $3.80: bulk lbb-300 los.. 53.653.80; Mil-150 lbs.. 53.30('/ 3.50: 100.130 Ids.. $2.75®3.70: sows. 53®3.2b. Cat-tle-Receipts, 3.000; caives. 1.500: maraet. slow with indications weak to lower on steers, mixed yearlings, heifers and cows; bulls, steady: vealers lower at $5.25. Sheep —Receipts .2.000; market not establisned: packers talking lower; asking fully steady; small lot of clipped lambs to city butchers. 55.50; lambs. 90 lbs. down, good and choice .$5.25®5.75: common and medium. $3.50®5.25: lambs. 90-98 lbs., good and choice. $5.10®5.65: yearlings wethers, 90110 lbs., good and choice. s4® 4.75: ewes, 90-150 lbs., good and choice, $1.75® 2.75; all weights common and medium ,sl®2. LAFAYETTE. March 28.—Hogs. 5® 10c off: 170-225 lbs.. $3.75®3.80: 225-275 lbs.. $3.65® 3.70; 275-325 lbs.. $3.50® 3.60; 130170 lbs.. $3.25® 3.50: 100-130 >s.. S3; roughs. $3.10 down. Top calves—s4.s9. Top lambs—ss. FT. WAYNE. March 28—Hogs-Market. 10c lower; 160-200 lbs.. $3.80; 200-225 lbs., 53.75; 225-275 lbs.. $3.70; 275-350 lbs., $3.60; 140-160 Ids.. $3.50; roughs. $2.75; stags. $2; calves, $5.50: lambs, $5.50. Cattle—Steers, good to choice, ss® 5.50; medium to good, $4.50® 5; common to medium. S3® 4; heifers. good to choice. $4.50® 5: medium to good. s4® 4.50: common to medium. S3®4; cows, good to choice, S3® 3.50; medium to good, $2.50® 3; cutters .$1.75(1/2.25; canners. sl(4 1.50; bulls, good to choice, $3®3.25; medium to good. $2.50® .3; common to medium. s2® 2.50: butcher bulls. $3.25® 3.75. EAST BUFFALO. March 28—Hogs—On sale. 1,700; slow; 5® 10c lower, mostly 5 j 10c under Mondav s average; desirable 170-250 lbs.. $4.25; plainer kinds, $4.20; 280 lbs.. $4; pigs and underweights Quoted at $3.75®3.8b. Cattle—Receipts, 50; steady; medium steers. $5; cutter grade cows. $1.60 ®2.35. Calves—Receipts. 100; vealers slow; weak to unevenly lower; good to choice, $6.50® 7; common and medium, $4.50®5.50. Sheep—Receipts, 300: holdover, 700; lambs l oraggy; scattered sales about steady. weights and quality considered; good 94I lb. weights, 55.75; choice 102 lbs.. $5.40: bid $5.25 on medium lambs. CLEVELAND. March 28.—Hogs—Receipts. 1.700; holdover noue; desirable weights. 10c lower; 160-300 lbs.. $4.15; weights. 150 lbs. down, weak to 25c off; around 53.50® 3.75. Cattle—Receipts. 300: slow, steady to weak; common to low, medium steers. $4.35® 4.75; low cutter to common cows. $1.50® 2.75: sausage bulls. 52.75® 3.50. Calves —Receipts. 6(: low, weak to 50c lower: good to choice vealers largely $6; downwards: scattered head higher: cull to medium. S3® 5. Sheep—Receipts. 1 200; steady to easier: near choice wooled lambs. $5.85 downwards: desirable clippers upwards to 55.25® 5.35: shorn throwouts largely 54®4.50; plain vvooled outs also at outside. PITTSBURGH. March 28 Hogs—Receipts. 1.000. market, slow. 15® 20c lower; 160-240 lbs.. $4.10® 4.25; 250-290 lbs.. 53.90 gt; pigs. 53.35® 3.75; packing sows. S3 downward. Cattle—Receipts. 15: market, unchanged, good heavy steers Quoted. $4.75 i5.25: lighter weights to $5.65: heifers around S5 dow-nvvard: medium and good cows $2 7555.65: bulls. 52.50®3.50. Calves --Receipts. 125. market, slow; steady to w eak; good and choice vealers. ss® 6.50. Sheep—Receipts. 500: market, steady better grade shorn iambs. $5®5.25; good and choice wool lambs. $5.50®6; choice soring lambs. $8.655 8 * CINCINNATI. March 28. Hogs—Receipts. 3.800; none direct and through; 195 held over: generally 10c lower: closing trade slow, good to choice. 180-250 lbs.. $4.15: 260-300 lbs.. $3 90? 4.05: 160-180 lbs. S3 80® 4: desirable 130-150 lbs.. $3 40® 3.65 lighter weights downward from S3 25; sows steady at $2.75® 3. Cattle —Receipts. 600; calv es, receipts 700; steers and heifers slow-, weak to Zsc lower; some heaw steers off more; bulk medium to good offerings. S4 50 <05.50: handy weight heifers, $5.65: cows and bulls fully steady bulk fat cows. $2 75 ®3 35; low cutters and cutter cows. $l5O ®2 50; bulls mostly *2.75® 3.50: vealers mostly 50c lower; good to choice. $4 50® 5.50: common to medium mostly S3® 4. Sheep—Receipts. 350 generally fuliv steady cr. light supply; better grade lambs mostly So® 6 common to medium. $3.50® 5; odd lots of spring lambs. sß®9: bulk fat aged ewes. Slg 1.50: best lightweights. $2 Un 1 itnes special LOUISVILLE. March 28 —Cattle— Receipts, 150, most slaughter classes around steady: bulls weak to lower: bulk common and medium steers and heifers, S3 50 5 4.50: good lightweights eiiglb.e around $5 50, bulk beef cows. $2.50® 3: low cutters and cutters. $1.25(5 2.25. bulls mostly $3 down. * Calves—Receipts. 200. steady; bulk good to choice v ealers, *4® 4.50: medium and lower" grades. $3 down Hogs— Receipts. 600 15c lower. 175-240 lbs S3 85 245-295 lbs . 53.60; 300 lbs . up $3 20; 135170 lbs . $3 30: 130 lbs down $2.65 packing sow < <2 70. and stags. $175 SheepRe eipts. 59; steady: bulk medium to good old crop lambs. $5®5.50; common down to $3 50. slaughter ewes. *1.50412.50. Mondays receipts. 647 cattle: 813 calves: 941 hogs and 39 theep Shipments: 218 cattle: 564 calves.

THE INDIANAPOLIS TIMES

NEW HOME OF GOODRICH TIRES WILL BE LARGEST IN ORGANIZATION

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INDIANA STOCKS AND BONDS

The following quotations, do not lepresent actual bids or offerings, but merely indicate the approximate market level based on buying and selling Inquiries or recent transactions. —March 28— STOCKS Bid. Ask. Belt Rail A Stocks Yards com 22 27 Bel Rail A Stock Yds pfd 6% 45 49 central Ind Power pfd 7%.... 8 11 citizens Gas com 14 17 Citizens Gas co pid 5% 63 68 Home T A T Ft Wayne pfd 7% 39 43 md A Mich E!ec Cos pfa 7',.. 72 77 Ind Gen Service Cos pfd 6 ~. 70 7S Ind Hydro Elec Cos pfd 7%... 30 35 Indpls Gas Cos com 42 47 Inopls Pwer A Lt Cos pfd 6'. . . 52 57 Home T A T Ft Wayne pfd 7% 37 41 Inapis Water Cos pfd 5',... 90 95 Indpls Pwr A Lt Cos pfd 6%® 56 61 No ind Publ Ser Cos pid 5%'r.. 22 27 No Ind Pub Serv Cos pfd 6®.. 26 30 North Ind Pub Serv Cos pfd 7® 30 34 Public Service Cos pfd 6 ~... 23 28 Public Service Cos pfd 7®.... 43 45 South Ind Gas A El Cos pfd 6% 55 60 Terre Haute Elec pfd 6% .... 45 50 BONDS Citizens Gas Cos 5s 1942 85 90 Home T A T Ft W 5%s 1955 .. 95 98 Home X A T Ft W bs 1943.. 96 99 inapls Gas Cos 5s 1952 75 79 Inauis Rys Inc 5s 1947 21 % 25 Indpls Water Cos 4%s 1940.... 97% 100% Indpls Water Cos 5s 1960 ... 88 52 Indpls Water Cos 5s 1970 88 92 Indpls Water Cos 5%s 1953 . 98 101 Ir.dpls Water Cos 5%s 1954.. 98 101 Kokomo Water Works 5s 1958 76 80 Lafayette Tel Cos 5s 1957.. . 81 85 Muncie Water Works 5s 1939.. 93 97 Richmond Water Works 5s 1957 82% 87% Terre Haute Water Wk 5s 1956 82% 86% Terre Haute Wat Wrk 6s 1449 92 96 Traction Terminal Cos 5s 1957.. 38 41 Joint Stock Land Banks Bid. Ask. Atlanta 5® 27 30 Atlantic b'c 41 44 Burlington 5% 25 27 California 5® 50 52% ‘Chicago 5® 18 21 Dallas 6® 41 % 44% Denver 5® 41 43% Des Moines 5® 33 42 First Carolina 5® 27% 32% First Ft Wayne 5® 43 47 First Montgomery s'„ 29 32 First New Orleans 5® 29 32 First Texas 5® 40 43 First Tr Chicago 5® 39% 43% Fletcher 5® 61 64.. Fremont 5® 33 31 Greenbrier 5® 56 59 Greensboro 5® 37 40 Illinois Monticello 5® 50 55 Illinois-Midwest 5® 06% 40% Indianapolis 5® 70 75 lowa 5® 45 50 Kentucky 5® 52% 56% Lafayette 5® 40 45 Lincoln 5® 40 44 Louisville 5® 48 52 New York 5® 39 42 Mississippi 5® 39 42 North Carolina 5® 27 30 Oregon-Washington 5® 30 33 Pacific Portland 5® 37 40 Pacific Salt Lake 5® 40 43 Pacific San Francisco 5'% 40 43 Pennsylvania 5® 50 53 Phoenix 5® 59% 63% Potomac 5® 41% 451 2 *St Louis 5® 15 17% San Antonio 5® . 45% 49 •Southern Minnesota 5®., . . 11% 13 Southwest 5® 33 36 Tennesse 5® 39 42 Union Detroit 5® . 33 41 Union Louisville 5® 50 53 Virginia Carolina 5® 32 35 Virginian 5® 46 50 •Flat.

Investment Trust Shares

(Bv Abbott. Hoppin & Cos.) —March 28— Amer Banks Stocks Corn .... 100 Amer Founders Corp 75 1)3 Amer & General Sec A 3ioo 5 00 Basic Industry shares 181 2 00 British Type Inv Tr share . . oO !ao Collateral Trustee shares A.. 3.00 3.37 Corporate Trust shares told 1.. 1.48 Corporate Trust snares inevvi 1.48 1 60 Cumulative Trust shares 2.55 Diversified Trust shares A.. 6.00 6.50 Diversified Trust shares B. . 4.37 475 Diversified Trust shares C.. 191 196 Diversified Trust shares D. . 3.12 337 First Insurance Stock Corp.. 1.75 205 First Common Stock Corn .... 1 15 1.35 Fixed Trust Oil shares A... 540 Fixed Trust Oil shares B 4.30 Fundamental Trust shares A 2.50 265 Fundamental Trust shares B 2.45 255 Leaders of Industry A 1.87 2 00 Low Priced shares 2 25 Mass Inves Trust shares. .. .12.62 14.66 Nation Wide Securities 2.15 . . North Amer Trust shar 11953) 1.26 North Amer Tr shar 155-56).. 1.51 1.75 Selected American shares 1.62 Selected Cumulative shares.. 4.38 4.48 Selected Income shares 2.30 2.37 Std Amer Trust shares 2.30 2.40 Super Amer Trust shares A.. 2.23 Trust Shares of America ... 2.04 2.212 Trustee Std Oil A 2.75 3 00 Trustee Std Oil B 2.50 2.87 U S Electric LI & UPowcr A.. 11.50 Universal Trust shares 1.90 CHICAGO FRUIT MARKET fill Vnitrd Pres s CHICAGO March 28.—Apples—Illinois Willow Twigs Bushen, $1.10'(/T.25: Winesaps bushel. $1.35; Michigan Starks Bushel, 51.25.

HORIZONTAL Answer to Previous Puzzle 12 Poem. 1 Who is the |p,E.iR Kj I -IN'SI IP LANE.R Si }c Form of "be- - in the TO J JSEe? state in the CON N E C.tlJa KAT L VIE 21 Tart of a play. K allow 23 To entomb. lllTl wasTe K 25 To combine, ance for waste. |£j |gIaMB^LM §] 26 Sloping way. 9 A bait. It A wHSIMP A LI 27 Multiplied. isPdrtle d VBD UDBRAjI R 2S Sins. 16 Naked ~AUARBr7 lIR U SMY:E I_Je 2!) Hawaiian food. NABIDI RE : CT6I£GG 30 Exclamation of spring ATI NOS mt AL A R~l A * sorrow, fasting DENUDE!" NR E 5 E L 5 31 Perpendicular. 18 Land measure. KR.E J3 Corded cloth. 19 Choice viands. 3? In i et 5S To ogle. 36 Porridge. “"£ U %: , 3S Greasy. 69 Insect 38 Autumn. “ 2 To border on - 39 Succulent. secretion. 39 Ocean. ^ r ° Ze V VJ ; ;40 To wrap with vunTirn 41 Title of Eng--25 One who lends a bandage . VERTICAL lish crOWQ m ° n K% a n t 3n 42 House cat. 1 Entry. prince, exorDitant 43 0n the lee , 2 Custom. 42 To peep. If e ’ 44 Vagabond. 3 Optical glass. 44 Largest land 28 Excess or 47 Coral island. 4 Lath network. plant, calendar 60 English 6 Stone. 45 To peel, month political party. 7 Organ of 46 Jump, lunar month, go To relieve. hearing. 47 Full-length 31 Nodule. 54 Monetary units S "William vestment. 32 Constellation. of Italy. tVoodin is 48 Sesame. 34 Part in a 55 Reverence. U. S. secre- 49 English coin, drama. 5g Melody. tary of ? 61 To be in debt. 35 Peri. 67 Sated with 30 Growing out. 53 Male title of 36 Foretoken. pleasure. 11 To slash. courtesy.

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FIRE-KING CO. PURCHASED BY SINKER-DAVIS Construction of Unit Will Continue Here: New Models Shown. Purchase of all property and assets of the Fire-King Stoker Company was announced today by the Sinker-Davis Company. According to officials of the Sinker-Davis Company the FireKing stoker will continue to be built in Indianapolis in the Sinker-Davis plant where original construction of the unit was begun in 1925. The Sinker-Davis company brings to their new product the expereince gained in 82 years of machinery building and designing and boiler construction. A complete new" line of Fire-King models, starting with three small sizes suitable for domestic purposes and completing the line with the larger sizes of industrial stokers, has been announced as ready for dealers. Parts for existing stokers will be supplied by the Sinker-Davis company on demand. A drive for enlargement of dealer representation will be one of the first moves of the organization. PREPARES TAX BOOK Zcercher to Release Questions, Answers on Intangibles Law. So many questions have been asked the state tax board regarding the new state intangibles tax that Philip oercher, chairman, announced today that he is preparing a booklet of questions and answers concerning it.

U. S. Entering Banking Field Under New Plan

Government in Partnership With Private Capital in Ventures. BY RAYMOND CLAPPER United Press Staff Correspondent WASHINGTON, March 28.—Under the leadership of F. G. Await, a quiet man, 38 years old, the government is entering the banking business in a partnership basis with private capital in hard-hit communities. As acting controller of the currency. Await has been instrumental in working out the plan. Through the Reconstruction Finance Corporation the federal government is putting up half of the capital for the new Detroit bank. Washingt’Mi’s share is $12,500,000. Detroit interests are investing a like amount. The plan is made possible under the new emergency bank law. It is to be followed by the government in reopening banks in other parts of the country. The effect is to make the government a partner in all such banks. It will appoint half of the directors of these banks. Having a 50 por cent stake in them, the government

Full Line of Service Is Planned Facilities for 44 Cars Without Crowding to Be Offered. Most complete automobile service station ever to be occupied by the Goodrich Tire and Rubber Company will be opened in Indianapolis about May 1. E. B. Oscars, manager of retail sales in the city, said today. The new station, at the corner of Delaware and North streets, will have facilities for eighteen cars under rover and twenty-six cars in the open without crowding the service space. Building cost was approximately 550.000 Besides gas and oil the station will offer complete service on brakes, tires, batteries and car washing and will handle a detailed line of auto accessories. Opening of the station marks the consolidation of the Goodrich wholesale offices in the city with the retail outlet managed by Oscars. Goodrich bought the Oscars organization about two years ago. L. L. Sowers, district manager for Goodrcih, will continue in that capacity in the new organization, supervising Goodrich activities in this territory. Oiscars will remain in charge of the retail sales of the company. At the new station C. S. Dawley will be service manager and C. M. Metzger, credit and operations manager. E. B. Oscars has been in the tire business in Indianapolis for the past twenty years. He has handled the Goodrich line for the past nine years and during the last seven years has been located at 105 West Michigan street.

will insist upon determining basic policies and otherwise protecting its investment. This action by the government in setting up the Detroit bank on a partnership basis also has evoked a call in the house for an investigation. Representative Weideman (Dem., Mich.) charged that "outside interests were attempting to get control of the Michigan banking structure and asserted treasury officials had denied him permission to participate in conferences concerning the new bank plan. Senator Couzens (Rep.. Mich.) opposed the government plan on some points during the hard-fought conferences at the treasury. Throughout, the youthful Await battled firmly but in good humor as he insisted upon some provisions which would give the government full authority to protect its investment by participating on a basis of full equality in the board of directors. This Is the reverse of the policy under the Hoover administration. Under that policy, when a bank needed money, the government, through the Reconstruction Finance Corporation, took its best assets as security for loans. By the time the new administration came in. the government was holding the best share of good assets from the banks which most needed help. Now the government, instead of taking out the assets, buys preferred stock, requiring the bank to raise locally a like amount through sale of common stock. This leaves intact the banks assets, such as there are. The government requires the bank to buy back its preferred stock out of a share of its profits, so that eventually the government may withdraw from its partnership. Other Livestock BY UNITED PRESS 0„9.£. ICAG .°' March 28.—Hogs—Recpints 20.000, including 6,000 direct, general Ket active, steady with Mondays averagepacking sows weak; 170-300 lb? $3 75/1,4) top. $4. 140-160 lbs.. $3.60 '/ 3.90; pig. S3 50 downward: most packing sows. $3.40-0 3.50; nm- !i f M 5 ' 14 s' !60 Ibs -. Rood and cnoice. *3.60 <13.90; fight weight, 160-200 lbs., good 52? choice. S3. l s<r/ 4; medium weights 200250 lbs., good and choice. 53.85%4; heavy 1%%- j)o0-350 lbs., good and choice, $3.6,5% 3.90: packing sows. 275-550 lbs medium and good. $3.25% 3.60 slaughter p%s 100-130 lbs., good and choice $3 25'/ 3 60. Cattie—Receipts. 6.500. Calves Receipts. 2_000; steer and yearling trade s.ow with weak undertone: lower grades predominant; bulk of value to sell at $5 50 down to '4.25; other killing classes mostly s <?acv; cows and butcher heifers trade rtifing moderately active; light he.fer and mixed yearlings selling at $5.25 down steaov; bulls fully steady vealers 25c o’ more lower, strictly choice kinds around $5,00- slaughter cattle and vealers ?e fr ' 990-900 lbs., good and choice. $5 50% 7 25 : 900-1.100 lbs good and choice $5.250 7 25: 1 100-1 300 ibs good and choice. $4,757/ $4.25 a 6.50: 550-1,300 ibs., common and medium. $4% 5.25: heifers. 550-750 lbs., good and choice. $4.75% 6: common and medium. $3.50% 4.75; cows good. $3% 3 50: common and medium. $2.50® 3- low cut’er and cutter. SI 7N%2 50: bulls .veariings excluded! good (Heefi. $2 757/ 3 25; cutter common and medium $2 60% 3.20- veale-s good and choice. $4 507/6; medium. $3 75-,/ 450 cui! and common $3%4 stocker and feeder rattle; steers. 500-1.050 lbs. good and rhoiee. $4 50%6; common and medium <7 757/4 50. Sheep—Receipts in 000 very It/tle done: few sales to .mail killers and citv butchers 'teady with Monday's a-r--az- choice 80-lb. iambs, *5.75: holding predominant supply welt finished offerings at $5 50// 575 and above; slaughter shaep and lambs- iambs 90 lbs down, good and choice $5 23%5 85: common and medium. '%sss 90-98 ]bs. eood and choice s'% $ 75; 98-!10 lbs good and choice. $4 757/ 5-*0 ewes, on.'so lbs . good and choice <o'■ a an weights common and medium, 51.25ffi2.50. TOLEDO. March 28—Hogs—Receipts. 3-/0: market. 10c lower; heavy Yorkers. $3 90 mixed and bulk of sal's. S3 80 3 90; pigs and lights. $3,25% 3.50; medium and heavies. $3 50 0 3.80: roughs. *2 25% 275 Cattle—Receipts. 75; market, slow Caives—Receipts, light; market steady, choice to extra. *6%.6.50; fair to good. $5 50 %6. Sheep and lambs—Receipts, light: market, steady.

THOUSANDS GET JOBS IN FIGHT FOR RECOVERY Millions of Dollars Are Pouring Into New Enterprises. (Continued from Page One) Imports at Boston for the week ending March 18. were $1,101,144 as; compared to 757.423 for the previous week. The opening of the Vermont Sugar season gave temporary employment to several thousand. San Francisco department stores reported increased buying. Start of construction of the Golden Gate and San Francisco bay bridges provided employment for half a dozen contracting firms and will increase later, affecting steel, lumber, cement and other industries. A Chicago auto plant added 500 men; an auto equipment and radio firm added 600; a total of 1,571 industrial establishments reported an upward trend in employment and pay rolls. Pig iron sales were the heaviest in months. Building permits and real estate transfers were up slightly. Many Illinois cities reported trade improvement. In Cleveland, tool and aie makers announced a 20 per cent increase in demand for products in the last month; Westinghouse had more orders in the last week than in any similar period in three years. The Cleveland Steel Products reported 40 per cent increase in business last month and Fisher Eody announced recall of 3,000 men, although their plans temporarily were delayed. Miners to Return In Oklahoma, 1.200 men were recalled in the tri-state mining area. In New Orleans, steel work for the $13,000,000 Huey Long bridge across the Mississippi river was expected within a month, when steady work will be provided for 2,000 men for two years. Other supplementary jobs were estimated to require 4,000 more men. The strawberry season opened in Louisiana with a banner crop assured. About 100 men were to return to the Mountain Valley Coal Company in Pennsylvania, after a shutdown of several months. In Kansas City. 2.500 men went to work on a three weeks’ municipal improvement program and another 2,500 will soon join them. The Marvine and Coalbrook mines in Pennsylvania resumed, giving jobs to 1,500. The Americus <Ga.) rayon mills, which have been idle two years, are scheduled to reopen, employing thirty families. Pipeline Contract Let A $300,000 pipeline contract from the Conroe (Tex.) field to Houston was let to a Denver firm. Fresno cCal.) department stores reported a 25 per cent business increase last week. The Lone Star Cement Company, New York, announced a 10 per cent wage increase for more than 300 men and boosted the price of cement 10 cents per barrel. More than 800 miners returned to work in the Oak Hill colliery in Pennsylvania. In Detroit, increase of production schedules brought about 30 per cent increase in the power of consumption last week. Passenger car deliveries increased from 186 the week before to 301. At Muskegon, Mich., 1.500 men were rehired by an auto fixtures firm.

Produce Markets

Delivered in Indianapolis prices: Hens. nea\v creeds over 4 ] 2 ibs.. luc; Leghorns <_c; large springers and stags. lVa ibs up! <c: Legnorns _and black and Leghorn stags 1 2 lbs. up. sc: cocks. sc: Leghorn cocks 4c Ducks—Large white full featr.er and fat. over 4 lbs.. 6c: small and coured 5c eeese. full feathered ar.d fat sc: voung guineas. 20c. old guineas 15c. Eggs—No 1 fresh country run eggs. 9c, pullet £?6S ®c: each full egg case must weigh 5o lbs. grbss. a deduction of 10c n-r ib for each nound tind<-r 55 lbs, gross will be made. Butterfat 12c: No. 1 butter. 20© 21c These prices for healthy stock free none feti: no sick poultry accepted. Quoted bv the Wadlev Company. BY UNITED PRESS CHICAGO March 28 Eggs Market, unsettled: prices unchanged: receipts .:4 155 cases; extra firsts. 12*i l?',c: firsts 11 2 © 12-; current receipts. 11c. dirties. 10c Butter Market. unsettled. prices unchanged: receipts 10.949 tubs, specials 18V©18’ie; extras. lT’-tc: e::’ra firsts 17'iC: standards. 18c. Poultrt -Market rteadv to strong, receipts. 31 tricks: fowls. 13*i15c: springers. 14©16c: Leghorns. 13c: ducks. 11 © 14c; zees". 11c. turkeys. 10'S 15c: roosters. 10c. broilers. 21© 23c: stacs. 12c Cheese Twins 9’,© IOC" voung Americas 1C U lO ... Potatoc On track 286. arrivals. 87 shipments. 523. market, about steady Wisconsin sacked Round Whiten 75©32 1 2 c: Idaho sacked Russets. 11.30® 1.35: Colorado sacked R'd McClures. $1.50: Minnesota and North Dakota sacked earlv Ohios. 80© 85c- South Dakota sack' and earlv Ohios. 78*0 80c NEW YORK. March 28 -Potatoes— Weak Long Island. 60c©$2 25 prr barrel sou*herr, $2.25<9 4.25 per barrel, Maine. $1 ©2 per barrel: Idaho, $125(8/1.90 per sack: Canada *1 65"/1 85 per barrel. Sep" potatoes— Dull: Jersey basket. 50c© *165 southern barrel. $1 25© 175 southern basket. 40c LSI 20 Flour -O lid springs patents 13.85©4.10 p*r sack Pork Quiet, mess. sl7 25 pr r barrel Lard—Easv: middle vest spot. $4 55© 465 per 100 lbs. Petroleum- -S’eadv: Net* York refined 17r crude Pennsylvania. 97c"/$1 47 per barrel'. Grease—Steady; brown 2 ! ,©2 : ,c pr ib yellow, 2’ii©2'e per !b ; white. 2H©2’,c P£r ib. Tallow-Steady■ special to ex*ra, 2 ’i © 2 ’*c per lb. Common hides—Dull. Hides—City packer, dull: native steers 6c butt brand*. s*ic: Colorado*. s’ic. Dressed poultry—Steady: turkeys. 12/2tc: chickens, 13© 21c broiler*. 15©24r: capons 14", 25c fowl*. 8© 17c duck*. 8© 12c. Live poultry —Steady: eese. 7"/12c : turkeys, 20©20r roosters. 11"/ 12c; ducks. 12©17c fowls 15 ©l6c: chickens. 15"/24c: capons. 18 7 26c: broilers. 12"/24c Cheese Firmer state whole milk fancy to specials. 16© 18c; young Americas. 12c. Butter—Market easier; creamery higher than extras 13 ©l9c: extra. 92 score. 18c; firsts. 90 to 91 score. 18c. Eggs—Market, unsettled: special pack* including unusual henne-v sections. 14', © 15’ir: standards, 13 3 14 c; firsts. 12’,c: seconds. 12© 14c. CLEVELAND, March 23—Butter - Ma rket stead'-; extras. 21’,c: standards. 22c Eggs Market, steady: extras. 11 ',c: current receipts. 11 1 . c. Poultry Market steady; heavy fowls. 15c: la-ghorn fowls. 12© 13c; medium fowl. 13 -14 c: heaw springers 13 ©l4c: No. 2 chickens. 3c: ducks, 10112 c: geese. 10c: turkeys, under 15 lbs . 13© 16c: turkev* o-.pr 15 lb.*. 13c: old roosters 8 ©9c: old Toms. 11© 12c stags. 11c: broilers. 15© 13c: rr.DOP.s 17© 18c Potatoes - Ohio. New York and Pennsylvania 100lb, sacks. Cobbl'rs and Round Whites. V S No 1 and partly graded. 85'■ 90r New York. Oh n and Pennsylvania sacks a bushel. Cobblers and Bound Whites, partly graded. 45©50c.

PAGE 13

STOCK SHARES MOVE OFF IN NARROW RANGE Rails. Industrials, Utilities Down Fractionally in Early Deals.

Average Stock Prices

Avorszp of thirtv industrial* for Monday : High. 28.03. low 56 31, last 66 53. off 118 Average of twenti rail* 23 03. 27 21. 27 33. off fi Average of twenty utilities 21,28. 20.55, 20 69. off 63 Average of forty bonds 75 28. off 36. RV ELMER ( . UM.ZKR. I niled rrr*% finanri.il Lditor NEW YORK. March 28. The stock market again settled into a narrow rut at tne opening today alter a relatively sharp decline in the late trading Monday. Dealings continued on a small scale. Most leading issues made fractional declines. steel common opened at 27\. off American Radiator, 6%, off %; Auburn Auto. 52 i. off -; Anaconda. 6\, off %; Allied Chemical. 74%-. off %; Western Union. 19%. off %: Montgomery Ward. 12 i. off %: National Biscuit, 35’g off %; General Motors. 11%, off %. and Sears Roebuck. 16 7 *, off %. Railroad issuees cased fractionally with industrials and utilities. Southern Pacific, an exception, made a small gain to 15%. In the utilities. Public Service of New Jersey eased off % to 25%. Oils held steady to firm with Texas Corporation up % at 12%. and Socony-Vacuum unchanged at 6%. American Telephone opened at 90%, off %. and then dipped to 89%. anew low for the year and off nearly 10 points from the closing price of March 3

Bank Clearings

INDIANAPOLIS STATEMENT —March 28Clearings .. .. SIIBI.OOO 00 Debits 3.274.000. CO TREASI TO STATEMENT —March 28— Not balance for March 25. $523 492 154.53 Expenditures March 25 3 525 085 s;> Customs rerts month to date 13 212.448 23

Foreign Exchange

tßv Abbott Honoin & Cos i —March 28— Open. Sterling. England . $3.41 11-18 Franc. France 0393 I.ira. Italy 051314 Franc. Belgium .1394 Mark. Germany . .2383 Guilder. Holland 4029 Peseta, Snain 0945 Krone. Norway 1750 Krone. Denmark 1525

Net Changes

By I tiitrrl I’rcus NEW YORK. March 25.—Closing prices and net changes on principal Issues traded on the New York Stock Exchange today: Up. Off. Allied Chemical. 78' ' 2 American Can, 56' 2 i 4 American Can, 56'- 1 Amer Tel A- Tel, 92\ 1 Atchison. 43 5 b ' Auburn. 34 i. Case, 45 7 .. 3, Cons Gas, 44 i, Du Pont. 36 p 4 National Biscuit. 37'a ! .. 'a New York Central, unchanged, 20 North American. 18 7 i, Pennsylvania RR, 17 7 n .. >, Public Service, unchanged, 37'a Sears Roebuck, 17’* • „ Union Pacific. 72' 2 United Air, 21 i. U S Steel. 28 5 " i 4 Westinghouse Elee 24% ‘ 2 Births Rovs Wilford and Addie Pierson. 34G9 North Grant. C.iarles and Freda Chalfin. 1260 Eutfene Marshall and Juanita Collier 961 West rhirtv-third. Jalin and Inez Hatfield, 1611 Montcalm, Carl and Helen Bover. Methodist nos* Dital. Ernest and Irene Fentz. Methodist hos. Dital. Martin and Helen Corcoran. Methodist hospital Norman and Esther Wolf Methodist hosDital. Carl and Margaret Bidwell. Coleman hos. Dital. Edward and Wilda Hinote. Coleman hospital. Jack and Mary Hess. Methodist hospital. Earl and Fave Draws. Methodist hospital William and Florence Mitchell Methodist hosmtal. Robert and Nell Gillam. Methodist hospital, James and Dora Sep. 1325 North Illincis. Russel land Maggie Palmer Coleman hospital. Ralph and Nettie West. Coleman hospital. Frank and Ruth Hudson. 1408 North Olnev. Deaths Margaretha Rriseo. 67. 209 East St, Joseph hypostatic pneumonia Thomas H. Elliott. 77. 1902 North lilinois, parenchymatous nephritis Lester Prather 24 16th A- Central, fractured skull. James Hopson. 31. citv hospital, abscess of lung James Smallwood. 83, 1116 Nor*h Capitol, broncho pneumonia. Ella Elizabeth Bates 45. 5125 North Pennsylvania, angina pectoris Elizabeth Fries 76 1154 North Tremont,, ar'eriosclerosis John Allen Greenwood. 71. Christian hospital, lobar pneumonia Marv Broderick 59. Central Indiana hospital, chronic mvocardiMs Lizzie Tucker. 67. 1340 Boulevard Place, chronic myocarditis. Hezekiah Young. 37. city hospital, fractured skull Mamie Jarrett. 40. city hospital cerebral hemorrhage Enbert Worland, 4 Riley hospital, endocarditis Mildred Louise Compton. 28, 3045 School, pneumonia. Gurney A. Record 35. 4042 Parker lobar pneumonia. Lola Monteg Wright. 74. 516 East Tenth, cerebral hemorrhage Barbara E. Snyder, 75. 525 Sutherland, chrome myorardit r Ro"pta Ward 30. city hospital, cardin vasrular renal disc?** Aliee Pearl Foltz. 50 1365 North Ewing, a rterie t e'ero*!*, Ann A McCaughev. 71. 145 East Nineteenth. rt-ro-c'c myocarditis Marv .7 Howard. 83 909 North Neve Jp-.e- earoinoma. Mir.n•" Bentiege. 78 903 lowa, chron.e myocarditis. Plumbing Permits Arthur Paetz. 445 East Michigan, ten fixtures William Sleek 4138 North Pennsylvania, three fixtures Britton-Sturvel. 930 North Meridian six fixtures W. \V Barker. 138 Ncrth Pennsylvania, four fixtures L V. Mikesell. 315 North La Salle on* fixture. Square Deal Plumbing Company. 3314 Ea't Tenth, three fixtures P M Linn. 2119 Prospect two fixtures.

★ SINCE 1839 Fletcher American NATIONAL BANK Southed* - Corner ©f Me rket r.’d P*nniylvoni*l

We Offer Berghoff Brewing Corporation Common Stock As an Attractive Speculation Market about ?6.12.*> per share T. P. Burke & Cos. Incorporated SIITE 222 CIRCLE TOWER PHONE Riley 8536