Indianapolis Times, Volume 45, Number 250, Indianapolis, Marion County, 27 February 1934 — Page 11

FEB. 27, 1931.

Wall Street Whitney Makes Proposal for Wall Street Renovation; First Offered in Financial District. BY RALPH HENDERSHOT Timet Special Financial Writer For the first time since Wall Street has neen in the process of being made over to conform with the ‘ New Deal," an important executive in the financial district has made a suggestion as to how this might be accomplished. Heretofore the tendency has been to wait for someone on the outside to make proposals and then take pot shots at them from ambush. Richard Whitney, president of the New York Stock Exchange, in his testimony last week before the house interstate commerce committee made the suggestion that the exchanges throughout the country be "regulated” by a federal board of seven members rather than "governed” by the

federal trade commission, as is proposed in the Fleteher-Rayburn bill now' under consideration. It is not known, of course, how the suggestion will be received. More than likely it will be scrutinized from every point of view, but it may be tossed out the window summarily by the Washington authorities. It should be given the benefit of careful consideration if for no other reason than it represents the first indication of a desire to co-operate in bringing about better conditions in the financial district. a a a Scrapping ’ ”il| Implied Mr. Whitney found so many things wrong with the bill now under consideration that one might get the impression that it is not right in any particular. And the important thing about his criticisms is that the greater portion of them sounded as if they might he justified. And in making his own proposal he scrapped in its entirety rather than be sent back to the factory to be rebuilt.

£ W

Ralph Hendershot

One important stumbling block stands in the way of complete cooperation between Mr. Whitney and the Washington legislators. The two factions have made no attempts to get together on a common ground as to what they wish to accomplish. As it stands now, it looks as though Washington were trying to "spank” Wall Street for its misdeeds of the past and Wall Street seems to be trying to get out of the way of the whip. # a b a a a a Should Get Organized No satisfactory legislation can be expected under such circumstances. They should get together on the point of how much speculation, if any, is believed to be best for the good of the country, and they should establish to what extent the government wishes to assume responsibility for correcting the malpractices of the past. After that is accomplished it should be rather easy to prepare the proper legislation to do the trick. The Exchange authorities could be of material help in that respect. The point made by Whitney that the regulation of corporations and corporate executives should be done through legislation created expressly for that purpose rather than indirectly through Stock Exchange laws would appear to be well worth while. The exchanges have enough to do if they keep their own houses clean without being held accountable for those only remotely connected with their own.

New York Stocks (By Abbott. Hoppin Ac Cos.)

Feb. 26 Prev. Oil* — High. Low Close, close. Amerada 4H 1 a 47% 48 47% Atl Rfg 31 1 a 30% 31'2 31*4 Barnsdall .ur. 8% B'a 8% 8% Consol Oil 12% l 2 '* 12 ’ J 2-. Cont Os Del IB's- 18 18% 18% Houston ine( 4 44% 4% 4% Houston toldt 25 1 4 25 25% 26 Mid Cont Pet.,. 13 12% 12% 13% Ohio Oil 14 13% 13% 14 4 Pet Corp ...IT. 12% 11 a H’ } 2 ** Phillips Pet 44. 16% 16 16% 16% Pure Oil 12% 12% 12% 13 Roval Hutch 38% 38% Sbd Oil 35% 33% 35 34% Simms Pet ,s. 10 9% 9% 10% Skellev OH .mm 10% 10 10 ... Soc Vac 16% 16% 16% 17 SO Os Cal 39% 38'. 38% 40 SOof N J 47% 46 46 47% Texas Corn .... 26% 25% 26% 26 a Tidewater Assn . 10% 10% 10% 10% Un Oil of Cal. 18% 17% 17% 18% Steels — Am Roll Mills.. 25% 24% 25% 25% Beth Steel 45% 43% 44% 45% Bvers AM 28% 27 27 29 Col Fuel & Iron 7% 7% 7% 1% Cruc Steel ..33 31% 33 32% Gulf Sts Steel 40 39% Inland Steel .... 47% 4% 46% ... Ludlum Steel ... 17 16% 16% 1.% McKeesport Tin. 88*4 88% 88% 89 Natl Steel 51 1 2 50% 50% 52 Rep 1 A 5t1.... 22% 21% 22 1 2 23 Rep I& S pfd. 62% 58% 61 60% U S Smelt 124 1 2 119% 121% 123% Vanadium 28 26* 2 26 * 27% Mid Steel 18% 17% 18 IS 3 , Shell Un 10’ 2 10% 10% 11 U S Pipe A Fdv 28% 27% 27% 29 U S Steel 55% 54% 54% 56% U S Steel pfd... 93 90% 90’2 93% Youngs’n S& T 29’ 2 27% 28% 30 Rails— Atchison ....... 66 64% 65% 66% Atl C6* Line.... 49 48 48 49% BA O 30% 28% 29% 30% Can Pac 15% 15'* 15% 15% Ch A Ohio 43% 43 43 43% Chi A Gt W.... 5 C M & St P 6 1 2 6% 6% 6% CM& St P pfd 10% 10% 10% 11 Chi N W 13 12% 12 5 s 13% Chi R Isl 5 5% Chi R I 7% pfd 8 8% Dela A Hud .... 66 63 64 66% Erie 21% 19% 21% 20% Grt Northern pfd 27% 26% •27 8 111 Central 34 32% 32% 34% K C Sou 16 16% Lou A Nash .... 53 52' 2 53 t>4 MKA- T 12% 11% 12 1 2 Vi Mo Pac 4% 4*B 4* 5 Mo Pac pfd ..... 7% 7% 7% ... N Y Cent 38% 37*8 37 % 39% NY C & St L.. 21 1 2 19% 19% ... NY C * St L pfd3330 3 29 29 31% N Y New Haven. 19% 18% 18% 19% N Y Ont fit West 10 Norfolk Si Wes 178 Norfolk A Wes 178 Nor Pac 30' 2 29% 30 30*8 Penn R R 34% 33% 33% 35% Reading ... 52% 52% Sou Pac 28% 27*8 28% 29'a Sou R R 31% 29’. 30% 32', Sou R R pfd.... 3534 34% 36% Union Pac .....126% 124% 126 126 Wabash 4% 4 4 4', West Maryl .... 15 14% 14% 14% Motors — Auburn ........ 53% 51% 53% 52 Chrysler ....... 56% 54*8 56% 56% Gen Motors .... 38 37', 37% 38% Graham Mot, ... 4 3% 3% 4% Hudson 20 18*8 19% ... Hupp 6 s*b s*s 6% Mack Truck ... 36% 35 35 36 Nash 27*. 26*8 27 28% Packard 5% s*B 5' 2 5% Rro 4% 4*s 4% 5 Studebaker 7% 7% 7% 7*4 Yellow Truck... 6% 5% 6 6>4 Motor Access— Bendix 19*8 18*8 19 20 Bohn Alum ..... 61*4 60% 60% 62 Borg Warner ... 25% 23*2 24 25% Briggs 15*4 14*4 15 16% Budd Wheel .... 4% 4*a 4% 4% Eaton Mfg 19*8 18*a 19% 19% Elec Auto Lite.. 28% 26*8 27*2 28 Houd A 5*4 5% 5*2 6 Mullins Mfg ... 12*2 11*8 11% 12% Murray Body ... 9% 9*a 9% 9% Stew Warner ... 9% 8% B*B 9*B Timken Rol .... 36*2 35% 35% 36% Mining— Alaska Jun .... 20% 20 20'8 20*. Am Smelt 45% 43% 44% 45*8 Anaconda 15 % 14*2 14% 15% Cal A Hecla ... 5*2 5 5% 5% Cerro dc Pasco.. 35% 34 34'2 ... Granbv 10% 10*i 10% 10*. Gt Nor Ore 14 13% 13% 14 Homestake Min. 46*8 43% 45 ... Howe Sound 46% Ins Copper ..... .. ... 5*2 5% Int Nickel 23' 22% 23 23*4 Isl Creek Coal ... ... .26% 27 Kennecott Cop. 19% 19% 19% 19*! Noranda Cop .. 34% 34% 34% 34% Phelps Dodge .. 16*8 15*4 16*4 16% Tobaccos— Am Snuff 53% 53% 53*2 ... Am Sum Tob .... ... 17*2 ... Am Tobacco A.. .. ... 72*2 . • Am Tobacco 8.. 75'i 74 74 75* Gen Cigar ... 33 Ligg A Myers B. 86% 85** 85% 87 Lorillard 17% 17 ' 17 17% Reynolds Tob B. 40% 40*4 40% 40% Equipments— Allis Chalmers.. 19% 18% 19 19* 4 Am Car A Fly.. 29% 28 28% 29*8 Am Loco . 35*8 35 35 35% Am Mach A Fdv 17 16% 16% 17 Am Steel Fdv.. 21*4 21 21 22*8 Bald Loco 13 12% 12% 13% Burroughs 16% 16', 16% 16*, Case J I 76 73 74 76 Cater Tract 29% 28 28 29' 2 Col Paim Peet.. 15% 15% 15% 15*8 Congo’.eum 28 *4 28 28% 28% 1 Elec Stor Bat 47 Foster Wheeler. 19% 18', 18% 19% Gen Am Tk Car 41 40', 40*2 41% Gen Elec 20*8 20 20% 21*, Gen R R Stg ... 4"% 40% 40% . Ingsol Rand ... 66 65*2 66 67 Int Bus Mach .. .. .. ... 143 Int Harvester .. 40% 39% 40% 41 Kelvin a tor ... 18’, 17* 4 18 18% Natl Cash Reg . 20% 19% 20 21 i Proe A Gamble. 37 37% 38 38% ! Pullman Inc ... 55% 54 55% 56% 1 Simmons Bed... 20 19** 19*- 20% Und Elliot .. 45 46*4 West Air B 31% 30% 31 3!’< Westingh Elec 40 38*, 39 40*, Worthir.gtn Pmp 26 25% 25% 26 Utilities— Am A For Pwr.. 10 9% 9*4 10 Am Pow A Lit.. 9 B*2 B*4 9% A T A T 121% 119% 121*4 121*2 Am Wat Wks... 21% 20% 21% 21% Brook Un Gas 75 Col Gas A Elec 15% 14*; 15 15% Com A Sou .... 2*4 2% 2% 2% Consol Gas 40 39 39% 40 Elec Pwr A Lit 7% 6% 6% 7% E P A L pfd 14 13 13 14*. Int TAT 14*, 13*2 14 14% Lou G A E A . 19 18*8 18% 19 Nat Pwr A Lit. 11% 11% 11% 11% North Amer 19*2 18% 19 19% Pac a A E 19 18% 18% 19*, Pub Serv N J. 39% 38% 39 40 So Cal Edison 19*2 19 19 19*2 Std Gas 12*. 1 % '3% 11% 12% Std Gas pfd .. 12*8 11S 11% 12*8 United Corp ... 6% 6*2 6% 7 Un Gas Imp 18 17 s , 18 18*4 Ut Pwr A Lit A* 3% 3% 3% 4 Western Union . 58% 56% 57*2 58% Rubber,— Firestone 22% 21*, 21% 22 Goodrich 16 15 s , 15*4 16 Goodyear 37% 36% 36*. 38 U S Rubber .. 19% 18*4 19 19% . , V. 8. Rubber .19% 18% 19 19% 1 U 8 Rubber pfd 43 40% 41% 41% Kei town .\Z. a* a% a% *3

Amusements— Croslev Radio .. 12’, 12 12 ’ 12*4 Fox Thea 144 14 14>.i 14 7 t Loews Inc 31*4 304 304 304 g* 3d ‘° c <> r D 74 74 74 74 KKO •••• • 31/ 4 03, Warner Bros ... 64 '6Vi 64 64 Foods— Am Sugar 55 52 52 51 Armour "A” 54 54 54 Beatrice Creamrv . ... . 144 Borden Proa ... 23 4 22 4 23 234 Cal Packing .... . 234 Can Dry G Ale.. 25 244 244 ‘244 Coca Cola . . 107 1074 Cont Bak A”„. 124 114 114 124 Corn Prod 72 4 71 72 4 73 Crm of Wheat .. 32 4 32 4 324 324 Gen Foods 34 4 33 4 334 344 ?" st 194 194 194 19*2 G W Sugar ... 4 27 27 4 28 4 Int Salt 24 234 234 234 Loose Wiles .... 39 4 38 4 38 4 39 Natl Biscuit .... 40', 40 404 404 Natl D Prod .... 154 144 144 15 Purity Bak 154 154 154 15% S Porto Rico Sug 35 34 34 354 Std Brands 214 214 214 214 United Fruit 63 4 624 634 634 Ward Bak "A”.. ... 9 . Wriglev 59 4 58 4 59 Vi 584 Retail Stores— Assd Drv Goods 164 164 Best *Co 314 31 Gimble Bros .... 54 s', 54 54 Gr Un Tea 64 64 64 64 Hahn Dept Sts.. 74 6'• 64 74 Jewel Tea 45 45', Kresge S S 194 184 194 194 Kroger Groc ... 30 4 30 30', 31 Macy R H 55 54 54 554 May Dept St ... 384 37 s * 38 384 Mont Ward 314 294 304 314 Penny J C 62 4 61 4 62 62 3 , Safeway St 524 814 52% 53 Sears Roebuck.. 46 4 44 4 45 4 464 Woolworth 50 49 49 514 Aviation— Aviation Corp .. 74 74 74 B*', Douglass Air ... 33 4 22 22 4 23 4 Curtiss Wright.. 44 44 4>, 44 Curtiss Wr A .. 104 94 10 104 Nor Am Av 6 5 3 , 6 64 United 'Aircraft. 25 23', 234 254 Chemicals— Air Reduction .. 99 4 99 99 100 Allied Chem ...1544 1514 1524 1544 Am Com Alcohol 49 4 48 494 594 Col Carbon .... 664 65 66*, 67 Com Solvents... 28 264 274 284 Dupont 994 97 4 98 4 994 Freeport Tex ... 47 4 46 4 46', 47 Liquid Carb ... 27 274 Math Alkali 36 4 35 4 35'- 364 Tex Gulf Sttlph. 38 4 37% 38 ‘ 394 Union Carbide.. 454 44 44'- 451, U S Ind Alcohol 54 4 53 53 " . Nat Dist (new). 26 4 254 26 4 26 Drugs— Coty Inc 7 6 3 , 64 7 Lambert 27% 26 3 , 27 274 Lehn & Fink.... 194 19 19'k . Zonite Prod..., 64 64 64 64 Financial— Adams Exp .... 94 9 94 93,. Allegheny Corp.. 4 4 4 44 44 Chesa Corp 39% 38 4 38 %333,9 3 , Transamerica .. 74 64 7 7% Tr Conti Corp.. 54 54 54 54 Building— Rm Radiator ... 15% 144 144 154 Gen Asphait.... 1R 3 , 184 184 184 Int Cement 304 30 30 31 Johns Manville 58% 56% 57 584 Libby Owens G 37% 364 374 374 Otis Kiev 174 164 164 164 Ulen Const 3 Miscellaneous— Am Bank Note.. 19 184 19 19 Amer Can 1034 102 103 102 Anchor Cap 21 Brklvn Man Tr.. 314 31 - 3i 314 Conti Can 77 4 76 4 77 % 78 Eastman Kodak 89 4 88% 89 88% Owens Bottle... 86', 84% 85 88% Gillette 11 104 104 ll's Ghdde.n .... 224 214 22', 224 Gotham Silk.... 94 9% 9% 91, Indus Ravon ... 83% 814 82 4 844 gslrS.s;; .* ..!’* ,?’* New York Curb By Abbott. Hoppin & Cos. Feb. 26 .11, j .... Close Close. Allied Mills .. 84 Glen Aiden Coal 18% Alum Cos of Am 69 Gulf Oil of Pa 634 Am Beverage .. 24 Hiram Walker . 444 Am Cyanide B 174 Hud Bay Min.. 94 Am fc F P W. 6% Humble Oil ... 404 Am Gas & El. 26 Imp Oil Ltd .. 134 Am Superpwr.. 34 Int Petrol 214 Ass Gas <fe El. 1% Lake Sh Min... 444 Atlas Corp. . 124 Libby Me Libbv 54 Brazil Trc A* Lt 12% Lone Star Gas.'. 6% Brit Am Tob A3O Massev Harris., 64 Brit Celanese.. 34 Natl Bell Hess.. 3 Can Ind Ale A 154 Newmont Min .. 494 Can Marc .... 3% Nia Hud Pwr.. 64 Carrier Corp... 64 Novadel Agene . 65 Cities Serv. .. 34 Pan Am Airw'ys 374 Con G of Balt. 62 4 Park Davis ... 244 Cord Corp ... 64 Penn Road 3% Creole Petrol... 114 St Regis Paper 3% Cwn Crk Inti.. 7', Sal Creek Prod 64 Deere A- C 0... 30 Sherwin Wms .. 63 Distil Lim 214 Std of Ind .... 304 Distil,Corp ... 20V, Std of Ky 164 Dow Chem ... 70 Technicolor Ind 94 El Bnd A* Sh.. 16'.- Teck Hughes G 54 Fisk Rubber.... 164Un P A* Lt A. 34 Ford of Can A. 224 Wright Har Min 74 Ford of Europe. 6%

Federal Farm Loan Bonds

By Bivth A Cos., Inc. Feb. 26 Bid. Ask. 4s Nov. 1, 1957-37 93 94 4 4s Mav 1. 1958-38 93 94% 4%s Julv 1. 1956-36 94 954 4' ,s Jan. 1. 1957-37 94 95% 4%s Mav 1. 1957-37 94 95', ' 4%s Nov. 1. 1958-38 94 95% 44s Maq 1. 1942-32 96 81', 44s Jan. 1. 1943-33 944 96 44s Jan 1, 1953-33 94", 96 44s Julv 1. 1933-33 944 96 44s Jan. 1. 1935-35 944 96 44s Julv 1. 1955-35 944 96 44s Jan. 1. 1956-36 94 4 96 44s Julv 1. 1953-33 96 97% 4 3 ,s Jan. 1. 1954-34 96 97', 44s Julv 1. 1934-34 96 87% 5s Mav 1 1941-31 99 4 100 4 5s Nov. 1. 1941-31 99", 100': ; Home Loan 4s. July 1. 1951 .. 954 96

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. DOMESTIC RETAIL PRICES Anthracite *4.35 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5 SO Indiana, egg 5 00 Indiana, mine run 4.75 Kentucky lump *. 7.00 Pocahontas lump 8 25 Pocahontas egg 825 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8 25 West Virginia lump 6.75 West Virginia egg 6 50 Island Creek < 7.00 Extra charge of S4c a ton for wheeling eoiU. and y a too, for coal carried to

STOCKS SLUMP 1 TO 3 POINTS; TRADINGACTIVE Threat of General Strike Among Auto Workers Weakens Group.

Average Stock Prices

Average of thirty Industrials for Saturday: high 108.17. low 104.56, close 104.77. off 1.37. Average of twenty rails: 49:99. 49.00, 49 08, off .94. Average of twenty utilities: 27.57, 27.08. 27 13. off .47. Average of forty bonds: 91 89. off .14. Average of ten first rails: 97 45, off .12. Average of ten second rails: 82.04, off .12. Average of ten utilities: 94 72. off .09. Average of ten industrials: 93.37, off .22. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Feb. 27.—-Stocks closed with losses of 1 to more than 3 points yesterday with leaders up slightly from the lows of the day. Speculative issues, favorites in recent sessions, were hardest hit. All groups were affected, although a few individual issues such as American and National Distillers firmed against the trend. There were several periods of heavy trading. In the early afternoon stock tickets were several minutes behind as small sellers dumped their stocks. There was scattered selling from abroad. Motor Shares Weak Heaviest volume was in the automobile issues, recent leaders on the upside. Threat of a general strike in Toledo was the cause of this selling. It was pointed out that if the accessory makers in Toledo went on strike the automobile industry would be tied up since it depends largely on Toledo for supplies. Automobile issues lost fractions to more than a point with General Motors, Chrysler and Packard the most active. Montgomery Ward, the most active stock on the board, last more than a point. United Aircraft, active in the aviation issues, broke 2% points to 23 *4. United States Steel, General Electric, International Nickel, New York Central and Radio were heavily sold. Widest declines were noted in Case, Owens-Illinois Glass, Allied Chemical, Woolworth, Du Pont and Commercial Solvents. Packing shares met further selling pressure. Utilities were weak with losses extending to more than a point. Communication shares dipped, with no attention paid to the President’s request of congress for authorization of a federal communications commission. Price Ranges Narrow After the burst of activity on the downside in the afternoon, the market quieted down and fluctuated in a narrow range around the lows of the day. There was light attendance in the board rooms because of the storm with indications tomorrow’s turnout would be still smaller as the snow continued to fall, tying up means of communication from many outlying towns. Stock sales yesterday approximated 2,190,000 shares against 2,290,000 shares Friday. Curb sales were 361.000 shares against 413,000 shares Friday. Dow Jones preliminary averages showed industrial, 103.12, off 1.65; railroad 47.90, off 1.18; utility 26.40, off 0.73.

Bank Clearings

INDIANAPOLIS STATEMENT —Feb. 26Clearings $1,611,000.00 Debits 4,487,000.00

Treasury Statement

By United Press WASHINGTON. Feb. 26.—Government expenses and receipts of the current fiscal year to Feb. 23, compared with the corresponding period of the previous fiscal year; This Year. Last Year. Expenses $4,148,421,114.34 $3,269,584,101.51 Receipts $4,665,026,910.51 $1,230,532,619.62 Surplus.. $ 516.605,796.17 x 52,039,051.481.89 Cash Bal $4,988,709,251.74 xPeficit.

Foreign Exchange

(By Abbott, Hoppin & Cos.) —Feb. 26 \ Close. Sterling. England $5,084 Franc, France .0657 Lira. Italy 0852 Belgies, Belgium 2327 Mark. Germany 3960 Guilder, Holland 6718 Peseta, Spain 1355 Krone, Norway 2555 Krone, Denmark 2270

Investment Trust Shares

(By Dbott. Hoppin & Cos.) —Feb. 26 Bid. Ask. American Bank Stocks Corp., 1.16 1.20 American A General Sec A..• 500 7.00 American A Inv Tr Sh 1.75 2.50 Basic Industry Sh 3.50 3.60 British Type Inv Tr Sh 65 .75 Collateran Trustee Sns A .. 4.65 4.70 Corporate Trust Shs (old).. 2.12 2.16 Corporate Tr Shs (new) ... 242 2.46 Cumulative Trust Shs 4.18 4.28 Diversified Tr Shs A 6.25 Diversified Tr Shs B 8 25 8.50 Diversified Tr Shs C 3.25 3.30 Diversified Tr Shs D 4.90 5.10 First Insur Stock Corp 1.24 1.30 First Common Stock Corp .. .90 1.07 Fixed Trust Oil Shs A 8 62 9.00 Fixed Trust Oil Shs B 7.62 7.87 ncorporators Investments .. 18 75 19.87 Land Bank Bond Shs 1.06 1.17 Low Priced Shs 6.35 6 45 Mass Inv Trust Shs 19 40 21.07 Nation Wide Securities 3.52 3 60 Nor Am Trust Shs (53) .... 1.89 193 Nor Am Trust hs 1551 2.42 2.45 Nor Ain Trust Shs (58) .... >65 2.75 eelected American Shs 3.20 Selected Cumulative Shs ... 7.12 Selected Income Shs 3.50 3.75 S*d Am Trust Shs 3.05 3.10 Trust Shs of America 2.82 2.92 Trustee Std Oil A 5 65 5.75 Trustee Std Oil B 5.25 5.50 U S Electric Lt’ A Pwr A .. 12 50 13 00 Universal Trust Shs 3.14 3.18

U. S. Government Bonds

By United Press NEW YORK. Feb 26.—Closing Liberties. 'Decimals represent 32nds.). Liberty 34s (32-47) 102.10 First 44s (32-47) 102 25 Fourth 4%s (33-38) 102.25 Treasury 4*,s-3*,s (45) 100.9 44 s (47-521 108.20 34s (43-47) 100.2 34s i4l-43) March 100 27 34s (40-43) June 100.30 3%s (41i 100 8 34s (46-491 98 20 35 (51-55i 97 15

Daily Price Index

By United Press NEW YORK. Feb. 26—Dim A Bradstreet s daily weighted price index of thirtv basic commodities compiled for the United States: 11030-1932 average. 100) Todav 108.12 Saturday 108.64 Week ago 108.53 Month ago 104.59 Year ago 68.32 1934 high <Feb. 17) 109.16 1934 low (Jan. 1) 101.06 A Copyright, 1934. Dub 3$ BratUtretL lacj

THE INDIANAPOLIS TIMES

Chicago Stocks " Bt Abbott. Hoooin it Cos. TOTAL SALES. 61000 SHARES —Feb. 26 High Low. Close. Acme Steel Cos 40 >4 4040 Advance Aluminum 3 3 4 Allied Products Altorfer Bros ...,44,, 25 22% 25 Am Pub Serv pfd,*, 7 3 Asbestos Mlg . 3‘e Bastian-Blessing 6 s * 6 6 Bendix Aviation ...... 20 18 3 19, Borg Warner 25 23'2 23 7 Borg-Warner pfd ... 99',2 Brown Fence A Wire A 9 Butler Bros 11 10 10b* Canal Construction Cent 111 Pub Serv pfd.. 20 1914 19% Cent Pub Util % Cent A So West ... 1V Cent St Pw & L p 6 3 , Chi A North western 12’ s 12 12’2 Chicago Corp com 3% 3 3la Chicago Corp pfd 28 27 3 4 28 Cities Service 3's 33 Commonwealth Edison . 53 52'2 53 Continental Steel 10 9% 9' 2 Cord Corp 7 6 5 s 67a Crane Cos 9',4 9 9 Electric Household 12'2 Fitzsimmons A Connell. .. ... 14>2 Gen Household Ut 13* i 12'a 13'2 Goldblott Bros 16'a 16*4 16*4 Great Lakes Aircraft 10 Great Lakes Dredge .. 19 3 , 19% 19 3 Hall Printing 7*/a 7*4 7*2 Houdaille-Hershey 'A” 19 Houdaille-Hershey 8... 5 3 4 S% 5% Illinois Brick 6 111 North Util 56 Iron Fireman 12 11% 11 Vi Kalamazoo Stove 25 24 24 Katz Drug ... 31 Kentucky Ut Jr Cum pf 16*4 Lawbeck Corp. 6% pfd. 28Va Libby-McNell 4% 4*4 4% Lincoln Printing 3 4 Marshall Field 16*4 16 16*4 Middle West Utilities.. % 74 % M West Util 6% pfd A 2 Midland United pfd ... I*4 Modine 13*a Monroe Chemical BVi Mosser Leather 14'i National Electric Pow A *4 National Leather 2*4 2 2'a Nat Securities Inv ' I*4 National Sec Inv pfd 46 National-Stand 27 26 26 Noblit.t-Sparks Ind Inc 1474 14'a 14*4 North Amer Light &P.. 2 3 2*4 2 3 * Oshkosh Overall 5 4 3 4 4 3 , Parker Pen 6 Perfect Circle 31 Pines Winterfront I*4 1 1 Potter Cos 4*4 4V4 4*4 Prima Cos 9*4 9 9 Public Service N P 18*4 18 18 Public Service 60. pfd 65 Public Service 6% pfd. 60 Public Service 7% pfd. .. ... 65 Quaker Oats 118*4 117 117 Quaker Oats pfd 120*4 Reliance Mfg Cos 16*2 15*4 15*2 Sangamo Elect Com 6 674 6*4 Sears Roebuck 45 Standard Dredging Cos.. .. ... 4 Swift A Cos 17*4 16*4 16 3 4 Swift International .. 25 3 , 25 25* 4 Thompson. J. R 9 3 4 9*4 974 Utah Radio 2 1% l 7 /a Util & Ind Pfd 4 374 4 Vortex Cup Cos ... 8% Vortex Cup Cos A 25 3 4 Wahl 2 Walgreen Cos.. Com .... 2374 22*4 22*4 Wieboldt Stores 16% Wisconsin Bankshares 374

On Commission Row

—Feb. 27 fruits Cranberries —Cape Cod earlv blacks. 25lb. box, $2.25. Pears—Calavos (12-16-20-245). $3.50. Strawberries—Florida. 14c per pint. Bananas—Per pound. sc. Apples—Wealthy, Wolf River, Grimes Golden, Jonathan. Florida, [email protected] a bu.. fancy Staymans, $2.25 a box. Grapefruit—s3.2s® 3.75. Oranges—California Navels, $3.50. Vegetables Cabbage—New Texas, half crate. $1.25. Onions—lndiana red, 50-lb. bag. $1.40; Indiana yellow. 50-lb. bag, $1.40. Beans—Round stringless, hamper. $3. Beets —Bulk per bu.. $1.15; Texas, new $1.50 a crate. Peas—3oc lb. crate. $3.25. Carrots—California. $3 a crate; per doz.. 60c; bulk per bushel. $1.15. Cauliflower —California (10-11-12s). crate $1.60. Celery—Michigan Mammoth. dozen, 85c; medium bunch, 45c; hearts. 35c. California, $2.40 a crate. Cucumbers—Hothouse, $1.15 per dozen. Lettuce—lceberg. best (4-ss). crate, $3.50: hothouse. 10-lb. basket. 75c. Radishes—Hothouse button. 45c dozen. Spinach—New Texas. 90c bu. Turnips—Per bu.. 90c. Tomatoes—3o-lb. carton. $2.25. Potatoes—Northern round whites. 100-lb. bag. $2.25; R. R. Ohios. 100-lb. bag. $2.30; 15-lb. bag, 40c; Idaho Russets. 100-lb bag. $2.60. Sweet Potatoes—Nancy Halls, per bu.. $1.65.

Produce Markets

Delivered in Indianapolis Prices—Hens, 10%c; Leghorn hens. 10c; Leghorn spring-er-stags. 6c; large springer-stags, 9c; cocks, sc; Leghorn cocks, 4c; ducks, full feathered and fat, 4% lbs. and over. 8c; geese, 6c; voung guineas, 1% to 3 lbs.. 35c; old guineas, 25c. No 1 strictly fresh country run eggs, loss off 13c; each full case must weigh 55 lbs. gross; a deduction of 10c a pound for each pound under 55 lbs. will be made. Butter —No. 1. 27® 29c- No. 2. 24®25c; butterfat, 22c.—Quoted by Wadley Company. By United Press CHICAGO. Feb. 26. Eggs Market steady; receipts, 13,387 cases; extra firsts, 16*;c: fresh graded firsts, 16%c; dirties, 14c: current receipts. 15*,;c; checks. 13*2C. Butter—Market steady; receipts. 8.207 tubs; storage extras (92 score'. 23 3 ,;c; storage standards t9O score). 23%c; extra firsts 190-91% score!. 24@24%C*/s firsts < 8889’2 score). 23 0 23%c; seconds (86-87% score). 22%c; extras <92 score', 25c; speC(als, 25*4®26c; standards. 24%c. Poultry —Market steady; receipts. 23 trucks, 4 cars due: turkeys (young). 17®18c; hens, 13®14c; Leghorns (No. 21, 9c; ducks, 12® 15c; geese. 10c; old roosters, 9c; White Rock broilers, 21c: springers, 15@16c; Plymouth Rock, 17c. Cheese—Twins, 14*4® 14%c; Longhorns, 14%@15c; daisies, 14*2® 15c. Potatoes —Supply liberal; no trading on account of cold weather: operators not opening cars: shipments, 656, arrivals 173, on track 406. CINCINNATI, Feb. 26.—Butter—Packing stock No. 2. 15c; butter fat, 20c. Eggs— Higher;,extra, firsts. 18c; seconds, 16%c; nearby ungraded, 17Vic. Live poultry fowls. 5 lbs. and up. 12c: 4 lbs. and. up, 13c; 3 lbs. and up, 13c; Leghorns, 3 lbs. and up. 11c; roosters. 8c; stags, colored, 13c; Leghorns. 10c; colored broilers. 1% lbs. and up. 15c; colored broilers, 2 lbs. and up, 25c; capons, 8 lbs. and up, 22c; under 8 lbs.. 19c; ducks, white, 4 lbs. and up. 12c; under 4 lbs., 11c; colored, 4 lbs. and up, 11c; under 4 lbs.. 10c; guineas, old, 8c; young guineas, 1% lbs. and up, 18c; 2 lbs. and up. 18c; turkeys. No. 1 voung hens, 8 lbs. and up, and yonug Toms, 10-15 lbs., 23c; young toms over 15 lbs.. 23c; old 19ms No. 1. 15c. CLEVELAND. Feb. 26.—Butter—Market firm; extras, 29c; standards. 28*4C. Eggs —Market, firm; extra whites. 16* 2 c; current receipts, 16c. Poultry—Market, weak; colored fowl, medium. 15c; colored fowl, heavy, 14c; Leghorn fowl, light, 11c; Leghorn fowl, 3*2 lbs. and up. 13c; springers, smooth, 16c; capons, 8 lbs. and up. 22c; colored broilers, 20-22 c: stags, 12c; roosters. 9c; ducks, white. 5 ibs. and up, 18c; ducks, light, 16c: geese, 12c. Potatoes— Maine, best, $2.25® 2 35; Idaho Russet Burbanks, $2.250 2.40; Ohio, best, $2®2.10; Florida, $1.75 per bushel crate. NEW YORK. Feb. 26.—Potatoes—Firm; Long Island. $1.5002.70 bbl.: southern, $2.7505 bbl; Maine, $1.40®4.25 bbl: Idaho. $2,500 2.65 sack: Bermuda. $1.5C®1.75 crate; Canada, $2.100 2.25 bbl. Sweet potatoes, steady: Jersey, basket, 50c®91.50; southern, barrel, $1.5002; southern, basket, 4OCO 1.25. Flour —Steady; springs, patents. $6 400 665 bbl. Pork—Steady; mess. $21.50 bbl. Lard —Dull; middle west spot, $6.80® 690 per 100 lbs. Dressed poultry—Quiet; turkeys. 15 0 25c: chickens. I0®21c: broilers. i4@3sc; capons, 19®32c: fowls. 11® 17c: .tucks. ll®Jsc: Long Island ducks. 15 015*20. Live poultry—Quiet: geese, B®l2c; turkevs, 15020 c; roosters. 10c; ducks, 8® 12c: fowls. 14@15c; chickens. 12®16c; capons, 16024 c; broilers. 10®26c. Cheese— Dull; state whole milk flats to specials 1933. 19@20c; voung America, 16c. But-ter-Receipts. 7.603 pkgs.; market, firm; creamerv. higher than extras. 26*4 0 27c; extra (92 score'. 26c; first (90-91 score), 2548 c; first 188-89 scorei, 25®25%c: centralized (90 scorei, 25*4c; centralized (8889 score', 250 25%c. Eggs—Receipts. 2.034 cases: market, firm: special packs. Including unusual hennery selections. 19®20%c; standards, 18%®18%c: firsts, 17*2® 18c; seconds, 17c; mediums, 17c; dirties, 17c; checks, 16c. Deaths Lvdia Margaret Hamrick, 60, 1057 South Pershing, angina pectoris. Noble Geary. 38. Veterans’ hospital, pulmonary tuberculosis. Mary E. Hungerford. 63. city hospital, broncho pneumonia. Marie Marshall. 51, 924 Park, carcinoma Asa McCorkle, 59. city hospital, coronary thrombosis. Harmon Willson Marsh, 72. 3258 Park, cardio vasscular renal disease. Effie May Davenport, 67. 4710 Hinesley, cerebral apoplexy. Robert Tavlor Clark, 33, 441 North Drexel. pneumonia. James Price Warrick, 73, 5222 Graceland. coronary thrombosis. Jesse J. Davis. 68. 4052 Broadway, cerebral hemorrhage. Thomas H. Boswell, 66, 1528 Central, Influenza. Maud Zink. 50. 1118 West Twenty-ninth, mvocarditis Louiae Cameron Armistead. 51. 1116 Cornell, apoplexy. Henry Joseph Hay. 62. city hospital, cerebral hemorrhage. Ophelia Pinkston. 30. city hospital, peritonitis. , , , Viola Fagin. 34. city hospital, cerebral embolism Olive Lawrence, 10. city hospital, lobar pneumonia. Bernice Williams. 41. 1717 North Pennsylvania. angina pectoris. Helen E. Linn. 55. 1034 North Keystone, corona rv thrombosis. Rubv D Sawyer. 69. 2521 Brookslda Parkwav, coronarv thrombosis. Louise Thomas. 57. 15 Karcher, cerebral hemorrhage. Fred Barnes. 43.‘Central hospital, pulmonary tuberculosis. Cecil Corder. 8, Twenty-fourth and Fail Creak, drowning.

SWINE VALUES RISE 25 TO 35 CENTSAT PENS Cattle Market Slow and Irregular; Vealers Strengthen. Swine values were strong to largely 25 to 35 cents higher than Saturday's average at the Union Stockyards yesterday. Underweights registered a smaller advance at 15 cents up. Receipts were extremely light for a Monday session and demand was fairly heavy. The bulk, 160 to 325 pounds, was selling at $5. Lighter grades, weighing 130 to 160 pounds, sold at $4 to $4.50. Small slaughter pigs, 100 to 130 pounds, brought $2.50 to $3.75. Receipts were estimated at 3,000. Holdovers, 120. General trade developed slow in the cattle market, with asking sharply higher than the previous close. Early bids remained unchanged. Receipts numbered 300. Vealers moved around 50 cents higher than Friday's average, selling at $7.50 down. Odd head reached SB. Receipts were 200. With hardly enough stock on hand to 'test the market, lamb prices held quotably steady, or $9.75 down. Early trading was scarce and bulk prices were undetermined. Receipts were 100. Renewed demand at Chicago sent porker prices sharply 15 to 25 cents higher than Saturday’s average. Choice grades, weighing 180 to 280 pounds, sold at $4.70 to $4.90. Initial top held at $4.90. Receipts were estimated at 38,000, including 13,000 direct; holdovers, 1.000. Cattle receipts numbered 15,000; calves, 2,000; market steady to weak. Sheep receipts 15,000; market, unchanged. HOGS Feb. Bulk. Top. Receipts. 20. $4 60® 4.70 $4.75 7,000 21. 4.50'5, 4 55 4 60 6.000 22. 4.55'5i 4.65 4:65 5 000 23. 4.80'5! 4 90 4.90 5.000 24. 4.65® 4.75 4.75 1.500 26. 5.00 5.00 3,000 Market Higher. (140-160) Good and choice. .$4.25® 4.50 —Light Weights—-(l6o-180) Good and choice.... 5.00 (180-200) Good and choice.... 5.00 —Medium Weights—-(2oo-220) Good and choice.... $5.00 (220-250) Good and choice.... 5.00 —Heavy Weights—-(2so-290) Good and choice.... 5.00 (290-350 Good and choice.... 4.80® 5.00 —Packing Sows—(3so down) Good 3.85® 4.25 (350 up! Good 3.60® 4.10 (All weights) Medium 3.50® 4.00 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50® 3.75 CATTLE Receipts, 300; market, steady. (1.050-1,1001-Good and choice $6.00® 7.00 Common aid medium 4.00@ 6.00 (1.100-1,500) Good and choice 5.50® 7.00 Common and medium 4.00® 5.50 (675-750) —- Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-9001 Good and choice 4.75® 6.25 Common and medium 2.75® 4.75 —Cows— Good 3.25® 3.75 Common and medium 2.75® 3.25 Low cutter and medium 1.50® 2.75 —Bulls (yearlings excluded) Good (beef steers) 2.75® 3.50 Cutter, common and medium.. 1.50® 2.75 VEALERS Receipts. 200; market, steady. Good and choice $7.00® 8.00 Medium 4.50® 7.00 Cull and common 2.50@ 4.50 • —Calves—-(2so-500) Good and choice 9.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle) (500-900) Good and choice 4.00® 5.25 Common and medium 2.75® 4.00 (800-1.500) Good and choice 4.00® 5.25 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts. 100: market, steady. (90 lbs. down' Good A choice.s9.2s® 9.75 (90-110 lbs.) Good and choice. 9.00® 9.50 (90 lbs. down) com. and med. 7.00® 9.00 —Ew'es— Good and choice 4.00® 5.00 Common and medium 2.00® 4.00 Other Livestock By United Press CHICAGO. Feb. 26.—Hogs—Receipts. 38.000. including 17.000 directs: active 20 ®3oc higher: 180-300 lbs.. $4.75®4.90; top, $4.95; 140-170 lbs.. $4.25(7/4.75; good pigs, $3®3.50; bulk best packing sow's, $4.10® 4.25; light lights. 140-160 lbs., good and choice. $4®4.65; light weight, 160-200 lbs., good and choice. $4.50® 4.90; medium weights, 200-250 lbs., good and choice. $4.80® 4.95; heavy weights, 250-350 lbs., good and choice, $4.60® 4.90; packing sows, 275-550 lbs., medium and choice. $3.90® 4.50; slaughter pigs. 100-130 lbs., good and choice, s3® 4. Cattle —Receipts, 15.000; calves, receipts. 2.000; lower grade light steers and all yearlings, steady; strictly good and choice, all weights, steady, but in-between grades predominating and undertone weak, especially on kinds scaling 1,100 lbs. and up; early top yearlings. $6.90; cutter cows, steady to weak; fat cow's and bulls, fully steady: slaughter cattle and vealers: steers 550-900 lbs., good and choice. $6.25®7.50; 900-1.100 lbs., good and choice. $5.75® 7.35; 1.100-1.300 lbs., good and choice, $5.25®7.25; 1,3001,500 lbs., good and choice. $4.50®6.75; 550-1,300 lbs., common and medium. s4® 5.50: heifers, 550-750 lbs., good and choice, $5.25®6.75; common and medium, $3.50® 5.25; ' cows, good, $3.50®4; common and medium, $3®3.55: low cutter and cutter. $1.50®3; bulls, yearlings excluded, good beef, $3.10®3.65; cutter, common ai.' medium. [email protected] vealers. good and choice. $5.75®7.25: medium. ss® 5.75; cuil and common. s4®s; stocker and feeder cattle; steers. 550-1,050 lbs., good and choice, $4.50®5.75; common and medium, $3.25® 4.75. Sheep—Receipts. 15,000; opening slow, asking 15® 25c and more higher for wooled lambs; buyers talking w'eak to lower early: best handiweights about $10: most early bids under $9.75; sheep steady slaughter sheep and lambs: lambs 90 lbs. down, good and choice. s9® 10; common and medium, $7.25®9.25; 90-98 lbs., good and choice. $8.50®9.85: ewes. 90-150 lbs., good and choice, $4®5.75; all weights, common and medium. $3®4.50. EAST ST. LOUIS. 111., Feb. 26.—Hogs— Receipts. 8,000: including 150 through and 3.200 direct; market 25® 30c higher; a few pigs strong to 25c higher: top. $5: bulk. 170-240 lbs.. $5; few 260-280 lbs.. $4.65® 4.80: 350-lb. weights, $4.50; 140-160 lbs., $4 @ 4.75; 108*130 lbs., $2.75®3 50; sows, largelly $3.90®4.10. Cattle—Receipts. 1.800; calves. 1.000; market, active on all classes; steers, 15®25c higher; mixed yearlings and heifers, 25c or more up; cows. 15®25c higher; bulls. 10®15c higher: vealers 50c higher; onrly steer sales. $4.40® 6; mixed vearlings and heifers. $4.35®5.25; cows. $3®3.50: low cutters. $1.25®2: top sausage bulls. $3.25: top vealers. $7.25. Slaughter steers. 550-1,100 lbs., good and choice, $5.75®6.85; common and medium, $3.75® 6; 1,100-1.500 lbs., choice. $5 25® 6.75; good. $4.25®6.50; medium. $4'5'5.75. Sheep—Receipts. 1,500; market, few choice wooled lambs to city butchers. 25c higher at $lO ® 10.25; no other sales or bids. Lambs. 90 ! lbs. down, good and choice. $9.25® 10.25: ! common and medium. $6.25® 9.50: 90-98 lbs., good and choice. $9®10.25; yearling wethers, 90-110 lbs., good and choice. $6.75 ®8.50: ewes. 90-150 lbs., good and choice, $3.75®5.50: all weights, common and medium. [email protected]. FT. WAYNE, Feb. 26.—Hogs—Market. 25c higher: 200-250 lbs.. $4.80: 160-200 lbs.. $480: 250-300 lbs.. $5; 300-350 lbs.. $4.60: 150-160 lbs.. *4.25: 140-150 lbs.. $4: 130-140 lbs *3.75; 120-130 lbs.. S3 25; 100-120 lbs.. $2.75; roughs. *3.75 down; stags, *2.25. Calves. *7.50 down: lambs. *9. LAFAYETTE. Feb. 26—Hogs—Market. 15® 25c higher; 250-325 lbs. 54.60®4.85: 170250 lbs.. $4 75®4.80: 140-170 lbs . S4®4 25: 120-140 lbs., *3.25®3.75; 100-120 lbs.. *2.25®3; roughs, S4 down.- top calves. I $6.50; top lambs. $8.50. By Time* Special LOUISVILLE, Feb. 26.—Cattle—Receipts. 600; largely a weather market; very uneven; few sales steers and heifers unevenly higher but, general market on these mostly 25c higher than close last week or about steady with last Monday; other killing classes unchanged: bulk common to medium steers and heifers. s4®s; better finished kinds. *5 25®6; latter for 590-lb. vearlings; load 981-lb. steers. $5.75; bulk beef cows, $2.75®3 50: low cutters and cutters. $1.50®2.50; sausage bulls mostly $3.50 down: practically nothing done on Stockers and feeders; run includes liberal quota Hereford stock calves: these considered eligible mostly. $5®5.50. Calves—--550; including several loads stock calves: vealers fully 50c higher than Saturday or 50c®$1 higher than last Friday; bulk better vealers. *6® 7: medium grades, ss® 5.50; plainer sorts *4.50 down. Hogs—Receipts, 1.500: including 208 direct; weights from 120-140 lbs., steady all others 15c higher; 170-240 lbs.. *5.05: 245-270 lbs . $4.75 275 lbs. up. *4.40; 145-165 ibs., *4.15: 120-140 lbs . *3 25: sows. $3.15: stags. *1.85. Sheep —Receipts. 50; fully steady: medium to. good lambs mostly *7.50®8.50; choice £ades quotable $9: most thiowouU, $5.50; t nti Quoted. $3,5065, 1

AIL Chemical Am. Smelting Am. Can Am. Telephone Am. Tob. B Atchison Chrysler Con. Gas N. Y. DuPont Goodyear

Market Average • • m Twenty Active Issues Listed on the N. Y . Stock Exchange.

if" DECEMBER. JANUARY EEBKUAPV l 4 11 18 Z 3 IS 29 s „ 72 N ~ iy 017l| .wn--.ii , 1 r r 2 ~+—72 —; —* —{—{•■!■■; , 1 ■ H 1 ii —i—t. —p H ~ trn: “ | in lie---,-" wy ■ 3a 1 *59 1 1 1 ! ! 1 1 U— S9 t?SB 1 n 1 , 1 1. „ I ! ! I ; 58 I fllzb -zzhr-t-M-l -r=t=rzV, ! 5700.: 1 v i jlLi T - ..M I j x § a.—/ \_V—i—\/v /_y.—i—i—_i—nr!—i—c *6OO 1 1 U V—A 1 / ! I _i_.. ... i e S \l l | - I 9 \i/ .... j I , ] 4<n ssoo \l .1. . 1 .li ; _-.y J i ! i X a! *OO i I I II T~ i~| fj . HE. a ‘ i '_ | | veiuMt sTiMcrr 1111 i I J * 1 "MM Ml MM 7

This daily record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and daily variations are apparent at a glance. Administration Optimistic Over Business Outlook

Bank Heads Report Steady Increase in Deposits; Output Gains. BY RICHARD L. GRIDLEY United Press Financial Correspondent WASHINGTON, Feb. 27.—Rising optimism over the business outlook became increasingly apparent in administration circles yesterday with trade reports of a further expansion of industrial activity. Most signs indicated yesterday that the business curve which turned upward some time in December has been moving ahead at an increasing pace. Administration officials studied means of augmenting the upswing. The latest plan was to reopen the long-term capital market so that the small Heavy industries could be refinanced. Some of the heavy industries already are stepping up output with the approach of spring. Steel ingot output last week rose to 44 * 2 per cent of capacity from 41 per cent in the previous week and 25 ‘2 per cent at that time last year. Electric power output in the previous w*eek was 11.6 per £ent above the corresponding period of last year, compared with a gain of 11.4 per cent in the preceding week. Automobile output rose to 63,794 units from 24.827 a year ago and bituminous coal production amounted to 8.015,000 tons from 7,520,000 tons a year ago. Banking leaders reported a steady increase in deposits, in marked contrast to conditions a year ago when heavy withdrawals preceded the March banking crisis. According to Leo T. Crowley, new chairman of the federal deposit insurance corporation, rising bank deposits are attributable to the effects of the government’s bank deposit insurance plan. Improved financial conditions have helped strengthen federal government credit. Through the building up of a cash balance of approximately $5,000,000,000, the largest assembling of cash in history, the treasury has placed itself in an impregnable position to finance the next stage of the recovery program which calls for the outpouring of billions of dollars into commercial channels. Other Livestock By United Press PITTSBURGH, Feb. 26.—Hogs—Receipts. 3.000; holdovers, none; active. 20c to 25c higher; top and bulk, $5.35 on 150 to 210 lbs., butchers over 250 lbs., quotable. $5 down; 120 to 135 lbs., $3.50®4; packing sows, largely $4. Cattle —Receipts. 300; fairly active; generally steady, quality considered; bulk steers and yearlings, ss® 5.75; top. $5.75; better grade steers absent, eligible to sell up to $6 and better' common, down to $4 and below: medium to good heifers. s4®s; choice kinds, absent; cows and bulls, steady; good cows, 53.25® 3 75; low cutters and cutters, $1.50®2.75: bulls, $3.75 down. Calves—Receipts. 400; steady: good cows. $3.25®3.75; low cutters, and cutters. $1.50® 2.75; bulls, $3.75 down. Calves—Receipts. 400; steady: good and choice vealers, mostly $7.50; medium. $5.50 ®6.50. Sheep—Receipts, 600; steady: better grade fat lambs, mostly $10.25: common to medium. s6® 9.25; aged wethers, $6 down; ewes, up to $5.50; good and choice lambs, $7.50® 8.25. CLEVELAND, Feb. 26.—Cattle—Receipts, 800; market, steady; all sold; choice steers, 750-1,100 lbs., $6.25® 6.75; 550-1.200 lbs.. ss® 6; heifers, 600-1.000 lbs.. $4.25® 5.50; good cows all weights. $2.50®3.25. Calves —Receipts. 400; market, active and 50higher- choice to prime. sß® 8 50; choice to good. $6.50®7.50; fair to good, $5.50® 6.50. Sheep—Receipts. 1,000: market, active and strong; choice wethers $4®,5: medium to good. s3®4: choice ewes. $3.50 ®4.50; choice spring lambs, s9® 10: good to choice. sß®9. Hogs—Receipts. 1 400; market, 30®50c higher as storm conditions hold; receipts light; lightweights regain *5 level: 250-300 lbs.. *4.50®4.75: 220-250 lbs., $4.75® 5: 180-210 lbs.. $4.90® 4; 150180 lbs.. $490®5; stags. $2; roughs, $3; pigs. $3.25®3.50. TOLEDO. Feb. 26 —Hogs—Receipts, 250; market, 10® 20c higher: heavy Yorkers. $4.75® 4.90; mixed and bulk of sales, 54.75 ®4.90: pigs, *3® 4.25; medium and heavies. $4 25® 4.75: roughs. s3® 3.50. Cattle—Receipts. 200: market, strong. Calves—Receipts, light: market, steady. Sheep and lambs— Receipts, light; market, steady. CINCINNATI. Feb. 26.—Hogs—Receipts, 5.000 ; 2,178 direct and through: holdover. 900: market active. 10c higher than Friday last week: some up more; top and bulk. 160-230 lbs.. *5.10; 250-300 lbs . *5: better. 140-160 lbs.. $4.35® 4.75: bidding. $3 ®4 on 120-140 lbs.: packing sows strong. $3®3.50. Cattle—Receipts. 775; calves. 200: moderately active. generally steady to strong: bulk steers and heifers. $4®5.75: most fat cows. $2 75®3.50; iow cutters and cutter cows. 51.50®2.50: sausage bulls. *3 75 down: storm calves market 50c higher; good to choice. *7® 8; others. *6.50 down Sheep—Receipts. 225; direct and through. 181; steadv. largely nominal; good to choice lambs. s9® 10; throwouts. s7® 8.50; fat ewes. *3.50®5. NEW YORK COFFEE FUTURES —Feb. 26 SANTOS High. Low. Close. March 10 65 10 51 10.51 Mav 10 84 10.75 10.79 July 10 95 10 85 10.89 September 11 26 11.20 11.20 December 11.40 11.33 11.34 RIO January 8.66 March 8.40 8 25 8.27 May 8 58 8 42 8.42 July 8 59 8 47 8.47 September 8.66 8.51 8.51 December 8.65 8 58 8.56 CHICAGO FRUIT MARKET By United Press CHICAGO Feb. 26.—Apples—Michigan Jonathans. $1.75; Baldwins, bushel. $1.25. Carrots—lllinois. 40® 60c bushel. Spinach —Texas. 65® 85c bushel. Beans—Southern, green. *2.50®2.75 bushel: wax. $2.25®2.75. Cucumbers—Central western, hothouse. $2 ®2.50, two dozen Tomatoes—Florida. *1 ® 1.75 box. Sweet potatoes—Tennessee $1 40® 1.45 bushel; Indiana. $165®1.75. Rhubarb—Michigan, hothouse. 20® 40c. five pounds. Rutabagas—Central western. 70® 85c. flftv-pound sacks Turnips—Central western, 50®7Se bushel. Onion market <SO-lb. sacks*• Western Valencias, central western yellows and western whites; no Mies, market nominally unchanged.

IntT Harvester Johns-ManviU* Nat. Biscuit Pub. S. of N. J. Sears Roebuck Stand, of N. J. Un. Aircraft U. S. Steel Union Pacific Westinghouse

Bright Spots

(By Abbott. Hoppin & Cos.) American Commercial Alcohol Company in December quarter earned $3.72 a common share against 93 cents in the like period a year ago. Factory sales of automobiles during January totaled loi.OOt. units against 84,152 in December and 130,087 in January, 1933. Sw’ift & Cos. declared the regular quarterly dividend of 12*2 cents a share on 1 the common stock. Domestic and foreign crude oil output in week ended Feb. 17 was 341.157.000 barrels. an increase of 526,000 barrels over the previous week. Canadian car loadings in week ended Feb. 23 were 40,952, against 35,897 in the like 1933 week. Midland Steel Produels Company in 1933 earned $6.94 a share on the 6 per cent cumulative first preferred stock | against a net loss of $221,295 in 1932. American Home Products Corporation ! declared the regular monthly dividend of j 20 cents a common share. Reading Company. Januarv net operating income totaled $1,426,700. against $652,008 in January of 1933. Brokers’ loans in week ended Feb. 21 increased $97,000,000: nonbrokers’ loans decreased $2,000,000 Radio Corporation December quarter net profit was $1,211,277 after charges, against net loss of $510,863 -in the like quarter a year ago; net loss in 1933 was $582,093, against $1,133,585 in 1932. Servel and subsidiaries report for quarter ended Jan. 31 shows a net loss of I $160,888 after charges against $140,799 in like period last year. Marriage Licenses Theodore Williams. 24, of 2828 North Stuart street, machinist, and Mabel Rutan. 26. of 504 North Bolton street, housekeeper. James Morgan, 19, of 1405 Bellefontaine street, machinist, and Dorothy Watson, 21, of 1812 Carrollton avenue, housekeeper. Aden Arbuckle, 22, Kokomo. Ind.. butcher, and Laura Jerrell, 22. Coronado hotel, housekeeper. Charles Grey. 27. Washington hotel, laborer, and Elizabeth Hann. 29, Washington hotel, clerk. Amos Hamilton Jr.. 22. of 445 Bright street, laborer, and Ethel Bradley, 19. of 936 Colton street, housekeeper. Charles McDonald, 27. Anderson. Ind.. iron moulder, anc Rosalind Bishop, 22, of 739 Dorman street, clerk. George Koforne, 22, of 6464 Broadway street, filling station, and Florence Szatkowski. 18. of 2244 North Harding street, housekeeper. John Raridon. 48, of 518 North New' Jersey street, CWA. and Gertrude Scamon, 56, of 1122 South Belmont, street, seamstress. Davis Nitty. 28. of 1655 Goodlet avenue, clerk, and Della Phillips. 24, of 1655 Goodlet avenue, clerk. Telford Simms, 21. of 750 North Belmont street, laborer, and Lucille Cartmell, 18. of 743 North Belmont street, housekeeper. Oliver M. Drake. 26. of 502 Marion avenue, painter, and Sybil Loman, 20. of 615 Warren avenue, clerk. Fire Reports Saturday, Feb. 24 7:22 a. m., 1726 Carrollton avenue, residence. SSO. 8:18 a. m., 1845 South Keystone avenue, residence, small loss. 8:43 am., 430 South Harding street, j coal office, small loss. 9:23 a. m., 1431 West Twenty-second j street, residence. S6OO 9:57 a. m., 2535 Shriver avenue, automobile. small loss. 10:35 a. m.. 909 West Twenty-ninth street, residence, small loss. 10.42 a. m.. 1072 River Avenue, residence, small loss. 10:55 a. m., 5961 Oak avenue, residence. SIOO. 12:03 p. m., 2528 Central avenue, residence. *I,OOO. 12:42 p. m., 209 North Keystone avenue, residence, no loss. 1:47 p. m., West Forty-sixth street and High School road, residence. $3,500. 2:00 p. m., 1157 Shelby street, apartment. small loss 2:17 p m., 1100 South Pennsylvania street, false alarm. 245 p. m.. 1252 Madison avenue residence, SSOO. 2:50 p. m., 4040 College avenue, i residence, small loss. 4:15 p. m., 540 Stevens street, residence, small loss. 4:23 p. m.. 624 Allegheny street, residence, small loss. 6:01 p. m.. R.*R. 28. Box 11. residence, small loss. 6:21 p. m., 912 Ft. Wayne avenue, lunch car. small loss. 8:10 p m., 1402 North Alabama street,.] false alarm. 11:21 p. m.. 500 West Tenth street. ) automobile, small loss. Sunday, Feb. 25 1:26 a m , Garstang avenue and Big Four railroad, office building, $2,000. 2:24 a m.. West Thirtieth and Ethel streets, accident. 9:04 a. m.. 621 South New Jersey street. | residence, small loss. 10:20 a. m , 5:37 Douglass street, ; residence, SIOO. 10:26 a. m., 337 W'est McCarty street, automobile, small loss. 12:44 p. m., 401 East Michigan street, j club house, smal loss. 134 p. m.. .1134 Beacon street, residence, small loss. 3:55 p. m., 200 West Forty-first street, false alarm. Plumbing Permits Kirkhoff-Wolfing. 28 West Washington, four fixtures. P. A Jones. 5544 East Washington, five fixtures. C. Van Meter. 5320 North Meridian j twenty-five fixtures. Rav Blauneet. 1005 Soutn Meridian, three fixtures. KERVAN ENTERS RACE Former Commissioner Seeks Second District Nomination. Announcement of his candidacy for county commissioner from the Second district has been made by James Kervan, 3240 Ruckle street, employe of the city park board. Mr. Kervan served as a commissioner from 1910 to 1916, and was custodian of the public library’ from 1921 to 1925. In the last four years 555.5,9 girls in Korea were mamed be tore becoming the age of 15, according to official reports.

PAGE 11

HEAVY SELLING FORCES GRAINS SHARPLYLOWER State Wheat Crop Reported Severely Damaged by Cold Wave. BY HERMAN \V. NICHOLS United Pres* Staff Correspondent CHICAGO, Feb. 27.—Grain prices fell sharply on the Chicago Board of Trade yesterday as selling, due to liquidation, broke out in the pits. At the finish wheat was l l * to l*.i cents lower, corn was 4 to cent lower, and oats dropped 7 cent. # At the extreme wheat and oats were more than a cent beneath Saturday's finish with the former I selling at anew low since Jan. 13. | May oats sold the lowest since 1 Dec. 4. Stop loss orders were uncovered on the way down, but the support was low in developing. Favorable crop news from the south and west districts of the winter wheat belt depressed the market at the opening with recessions in stocks and cotton adding to the bearish spirits. There was a lack of bullish news to induce traders to switch to the buying side. An Indiana grain man here yesterday expressed the opinion that wheat in the Hoosier state probably had been severely damaged by periodic cold waves during the last month. There was little interest in the Canadian cash market. Liverpool closed 4 to •% cent lower. May corn slipped to a fraction un der 50 cents a bushel at the ex- ; treme, the action in other pits hav- ! ing an effect. Country offerings again were extremely small. Liquidation in wheat carried over into oats with tired longs selling rather steadily all through the session. Rye held up better than other grains. Provisions held somewhat higher most of the day. Chicago Futures Range —Feb. 26Bushels. Todav Last week. Wheat 495 009 577.000 Corn 523.000 910,000 Oats 205.000 270,000 Chicago Futures Range —Feb. 26WEAT— Prev, Open. High. Low. Close, close. May .. 86 3 1 87*, .86 .86'* .87 3 July .. .85', .85\ .84'i _.B4* a .854 Sent. 86*8 .86’, .854 CORNMav .. .50 1 2 .50 4 .49 4 .50*4 .50 4 July .. .524 .524 .514 .52 .524 Sept .544 .54*2 .534 .54 .544 OATSMav . .34 4 344 .334 .34 .34 4 July .. .344 344 .334 .334 .344 Sept 34 34 .324 .334 .34 > 8 RYE— Mav .. .604 .604 .594 .60 .604 Julv . .62 62 61 .61 .614 Sept. .63 .63 4 62 .62 .63 BARLEY— Mav .. .47 .47 .47 .47 .474 July 48 .48 4 LARD i Old) Mav . 6.17 6 17 6 15 6 15 6.15 BELLIES (Old) Mav 7.52 7.47 BELLIES (New i Mav .8.15 8.15 8.07 8.12 8.05 Julv .8.42 8.45 840 842 840 Julv .8 42 845 840 842 8.40 LARD iNew) Mav ..6.70 6 72 6 67 6 70 6.70 Julv . 6.77 6.80 6 75 6.75 6.75 Julv ..6,77 6.80 675 675 6.75 Sept. .6.97 7.00 695 695 6.95 CHICAGO CASH GRAIN By United Press : CHICAGO, Feb. 26.—Cash grain: Wheat —No 2 red. 88c: No. 1 hard. 89c; sample grade hard, 81®82c; No. 5 mixed, 814 c. Corn—No. 2 mixed. 474 c; No. 3 mixed, 474®48V,c; No. 2 yellow. 48',®48 3 ,c; No. 2 yellow, ols. 48 3 ,c; No. 3 yellow. 47®48c; No. 4 yellow, 46® 47 4c; No 6 yellow. 46c; No. 2 white, 49 4c; No. 3 white. 48' ! i®49c. Oats—No. 2 white, 354®38e: No. 3 white, 34 4 ®344c: No. 4 white, 32 3 ,c. BarleySales, 67®76c; quotable. 43®R0c. Rve — No sales. Timothy—s7.2s®'7.so. Clover Seed—sll® 14 Cash provisions—Lard, $6.50; loose, $6; leaf. $6.25; bellies, *B. TOLEDO CASH GRAIN By United Press TOLEDO, Feb. 26.- Grain close: Grain in elevators, transit billing: Wheat—No. 2 red, 904®91 4c. Corn —No 2 yellow. 54® 55c. Oats No. 2 white. 39®.40c. Rye— No. 2. 67®58c. Track prices. 28 4c rate: Wheat—No. 1 red. 87®87Vic; No. 2 red, 86®864c. Corn No 2 yellow. 49 Vi® 504 c; No. 3 yellow, 48®49c; No 4 yellow, 46 4 ® 474 c. Oats No. 2 while, 36® 38c; No. 3 white, 35® 37c. Seed close: Clover —March, $8.25. Alslke—Cash, $8 50. ST. LOUIS CASH GRAIN By United Brens ST. LOUIS. Feb. 26.—Cash grain: Wheat —ln fair demand, unchanged to I*4 cent lower on red and 1 cent lower on hard; No. 1 red. 89',c; No. 2 red. 88',®894c: No. 3 red. 87'tc: No 2 red garlickv. RB4c; No 2 hard. 86 7 ,c. nominal: No. 2 mixed. 874 c Corn—ln fair demand, unchanged to 4 cent higher: sample mixed 37c: No. 2 vellow. 49c; No 3 yellow. 48'ic: No. 2 white. 49*ic. Oats In slow demand, unchanged; No. 2 white 37r: No. 3 white. 36® 364 c: No. 4 white 344 c. NEW YORK CASH GRAIN By I nited Press NEW YORK. Feb 26.—Cash grain*. Wheat—No 2 red. *1 034: No. 2 hard winter. $1,034 Corn-*No. 2 mixed, 58 3/ c. Oats—No 3 white. 45'4c.

Indianapolis Cash Grain

—Feb. 26 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f 0 b . shipping point, basis 41V2 New York rate, were: Wheat -Weak: No. 1 red. 81® 82c; No. 2 red. 80® 81c; No. 2 hard, 80® 81c. Corn —Easy No. 3 white. 41®42c; No. 4 white. 40® 41c. No. 3 yellow. 40®41c; No. 4 yellow. 39®40c; No. 3 mixed, 39® 40c; No. 4 mixed 38® 39c. Oats- Weak: No 2 white, 30',2®31'/ic; No. 3 white, 29'2®30'2C —lnspections Wheat—No 1 red. 3 cars; No. 2 red, 2 cars; No 4 red, 1 car; No. 2 mixed. 1 car. Total, 7 cars. Corn—No. 1 white. 1 car; No. 2 white, 3 cars No 3 white, 6 cars; No. 4 white, 2 cars; No. 2 yellow. 11 cars; No. 3 vellow, 28 cars. No. 4 yellow. 4 cars; No. 5 vellow. 2 cars; No. 6 yellow. 3 cars. Total. 60 Ca oars—No. 2 white. 18 cars; No 3 white, 5 cars; No 4 white. 1 car, sample white, 1 car. Total, 25 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 78 cents for No. 2 soft red wheat, otner grades on their merits.

In the Cotton Markets

— —— —Feb. 28— CHICAGO High. Low. Close. : January 12 55 12.47 12.47 March 11 90 I May 12 14 11 98 12 02 | July 12 27 12 12 12 13 October 12 42 12 30 12 30 December 12.52 12 42 12.42 NEW YORK ! January 12 51 12.35 12.35 March 11 07 11 80 11.81 Mav 12 07 11 91 11.91 I July 12 22 12 05 12.05 ; October 12 34 12 20 12 20 December 12.45 12.32 12.32 NEW ORLEANS i January 12.33 March 1190 1178 11.78 Mav 12 05 11.87 11.87 I July 12 19 12 02 12.03 October 12 35 12J7 12.17 December 12 46 Births Girl* John and Doris Cowherd, city hospital. Fredrick and Frances Thomas, city hosand Martha Jones, city hospital. Hnrv and Beatrice Goebel, rttv hospital. Elbert and Nora Younß. 1412 Gross Harold and Ellen Wilknew, St. Vincent* hospital. „ 1 Bov* Walter and Nellie Johnson, city hosplta I John and Thelma McDougal. city hot I P *Oscar and Ida Yates city hospital. William and Eula Coleman. 2915 Shrive 1 Earl and Dorothy Booth. 3408 Madisor 1 I NEW YORK RAW SIGAR FL'TI'BES I —Feb. 26 ' High. Low. Clc 1 January • • ■•• ■ 7 fl March ) ' \ Julv 1.66 1.63 ■ i September J JJ December 1-73 1-71 Jag