Indianapolis Times, Volume 45, Number 253, Indianapolis, Marion County, 2 March 1934 — Page 30

PAGE 30

Wall Street Industry May Be Expected to Protest Against Higher Labor Costs Proposed Under New Codes. BY RALPH HENDERSHOT Time* Special Financial Writer

One of the important provisions in Hugh S. Johnson's 12-point program for revising industrial codes calls for a further reduction in work hours and a further increase in hourly wages. The NRA Administrator would make thus change as well as the eleven others by Presidential mandate. The object of the provison. of course, is to further spread the available work and to raise the purchasing power of industrial workers. A storm of protest over thus provision is almost certain to arise from corporations throughout the country. They will make the point, no doubt, that such a step would be likely to wipe out the remaining profits from manufacture. Such a protest probably would contain an important element of truth. According to the National Industrial Conference Board.

prices rose but 36 per cent between July and December of last year, while the labor cast per unit of product increased 54.3 per cent. A further increase in labor casts might be oppressive. There are several features in the situation which should be taken into consideration, however. Whether by accident or not. the use of July figures in comparison with those of December may be a bit misleading. It will be remembered that July marked the p p ak as well as the end of the boomlct in prices last year, whereas labor costs were still abnormally low at the time. A comparison with some other months probably would not show such such a wide disparity between the increase of labor costs and that of prices. a a a Wide Difference in Costs A wide difference exists between the total cast of plant operations when it is almost completely idle and when it is running at even a reasonable rate.

Ralph llendershot

This is particularly true of large plants which are geared for mass production, such as those used by the automobile companies. A comparison between total unit costs in July and December probably would show a much difiorent picture than that presented by the National Industrial Conference Board. That the increases in labor costs in the last half of 1933 did not prove oppressive to corporations is quite conclusively proven by the earnings reports of corporations for the second half as compared with the first half of 1933. These show that in the second six months profits were much higher than they were in the first six months. It probably would be much more difficult to absorb additional labor costs without raising prices correspondingly from now on than it has been in the past. And it might not be an easy matter to raise prices sufficiently to take care of additional labor casts, for the buying public has not reached the point where prices are not a serious factor in making purchases. A slump might not occur in the purchases of necessities, but there is a strong possibility that other goods might be adversely affected. a a a a a a Competitive Advantage in Danger It should be remembered also that some of our most active industries today are those which sell an important share of their output in foreign markets, where they have had a competitive advantage because of th? depreciation in the gold value of the dollar. A further increase in labor costs would tend to reduce this advantage. Viewed from a broad-range standpoint, however, our high state of manufacturing efficiency makes it rather imperative that shorter hours be adopted if all those willing to work are to find employment in what might be regarded as normal times. And it is obvious also that the greater the number working and the higher the wages received the greater the potential market at home for the goods produced. Moreover, there is room for argument of the point that the high industrial profits of the past have not been conducive to general wellbeing.

New York Stocks ——— — — “~~~~~~ *Bv Abbott. Hoppin A- Cos i *

March 2 Oils— Prev. High Low. 10 30. close. Amerada . 48% 47% At; Rig 31' t 30% 31% 30% Barnsu.; 1 . .. 8% C.-lliJi Chi 13' 12 'a 13 •* 12 'a Cont of Del .... ... 18' , 18' 4 Hou ton inew).. 4% 4% 4 4 4'# Hou ton ioidl . .. ... 2 1 25'a Mid Cont Pet ... 12% 12% Ohio Oil 14*. 13’ 14% 13% Pet Corp 17% li 17', 17 Shell Un 10% 10*2 10% 10*2 Pure Oil 13% 13% 13', 12% Rov.ll U.t'h ... 36*4 36% 36 a 38*3 50 l Oil 35 Sirntrs Pet 9% 51 llv Oil 10 Soc Vac 17 16% S O ol Cal 39% 39' j 30* 2 38% S O of N J 47 46 s , 46% 46'a To a Corp 26% 2R>4 26% 26 Tidewater An.. 11*2 ll'a 11*2 10 3 4 Un Oli of Cal 18 17 7 a Steels— Am Roil -Sills .. 25'2 25'a 25% 24% Beth Steel .. 45% 44% 4.5'a 44% Byers A M 26' 2 Crus Steel 34 33'2 Gulf Si s S'-el . 40' 2 ... Inland Steel ... 46 46 I ... ... 17*4 McKee-port T.n. 90 89'2 90 89 Natl Steel . . 50'4 Rep Iron A: Steel 23'a 22% 23'a 22 , Rep Iron St! pf . . 63 U S Sm’-t 1_".% 120% 121 7 a 120 Vanadium ... .. 27'a Mid Steel .. 19 7 a 18'1 U S Pure & Fdv 28', 28 7 23% 23% U S Steel 55 54% 55 51% U S S 'el pit, 93 92'.You- S A: T 29'4 29'a Bair— Ate!’. 65 7 4 6V 1 Atl t t Line ... 47 46'.■ B f: O 30 29 a Can P.ic 15*4 15% Ch A- Oh: > 4t\ 43% Chi A- C.t W ... ... 6 s a 6% C M & St P pfd 10 7 a 10 7 4 10"a 10'. Chi N W 13 1 4 12 7 e 13>4 12 Chi R Is! 4% Chi R I 7 pfd 7’2 Dela A: Hud 64 Erie 20 1 2 20% Grt North pfd . . . . 27 3 a 111 Central 33% 33 33', 32', Lou & Nash ... 53*2 53 3 4 M K & T lt% Mo Pac ... ... 5 Mo Pac pfd ... 7'4 N Y Cent 38 37% 38 37', N Y Chi Ac St L 21'2 21 NY C Ac St L pfd . . . 29 % N Y New Haven 19 18% 19 13% Norfolk Ac Wes 170 Ner Par 30 2 Penn R R Rending 51% Sou Par Sou R R 31 1 2 31'. Sou R H pfd 35 Union Pac ... ... 125'a Wa’ v 7 4 We • Marvl ... •• • 14 , M tors— Aubt: x • • 51 u Chrv * - . 55' 2 : S’. 54 , Gm 7.!' tors ... 38 7 8 33% Gr h 1 Mat . ... 4 Hit" :i 20 29 Htipn ••• ® ’’s Meek Truck .... . 3 Nn h ■ - 27 3 a 27 27 26 Packard 5% 5% Rrj 4^B Stude'oaker 8 <-’ Yellow Truck .... . - . 5 Motor Access — Bend ix 19'-’ 19% 19'; 19'. B.'hn Alum B’rg Warner ••• 24% Briggs 15% 15’-' Bund Wheel 4*2 4% Eaton Mfg . 20% -0% Elec Avto Lite... 29 28% 28 -8% Mullins Mfg 11' Stew Warner . . .. . . . 9*4 Murrav Body ... 10'2 10 10*4 10 Houd A S 3 . Timken Rol 36 Mining— Alaska Jun • • ... 19*a Am Smelt 44 3 , 44', 44% 4", AnacoiVa ... 14% 14 , Cal Ac Hecla . 5 Cerro Df Pasco.. 34% 34% 34% 3'% Grnnbv ... • • 19'. Gt Nor Ore 13% Homer*-k-’ Min . ... 330 Hove r u".d 46'2 46 3 a 46% 46 Ins r oner ... 5% In- N e- 23%- 23 . K t Cep 19 3 19% 19% 19', N Cop 35'.- 25‘a p>- 'Vrt'O ... ... 16% T-’-.-cs Am " Tob 19 A 1 ' ’ A . _ 79% Am T'-i B .... ... <2% 8- < Gen Cig ' - . . 33 lies Myers 3 .. ... 86% 86% LiOrrillard .. ... 17* 17 Rev no T B. .. ... ... 40% Allis Cha 18% Am Car Ac lev 29% 29 29% 28% Am L oco ... 33% Am Mach A: Fdv .. ... ... 16% Am Steel Fdv 22 20% Bald Loco 13% 13 Burroughs ... 16% 16% Case J I 73% Cater Tract . .. 28% Colgat Palm Peet .. ... 15% Elec Stor Bat ... ... 47% Foster Wheeler .. .. 18% Gen Am Tank C 41 40% 41 40 Gen Elec c ... 20 3 4 20% Gen R R Sig 41% Ingso! Rand ... ... 66 lnt Bus Mach 144 Int Harvester ... 41* 3 41 Kelvinator . . . 18% Natl Cash Reg .. 19% 19% 19% 19% Proc A: Gamble ... 54 35% Pullman Tnc .... . . 54 Simmons Bed 18% Nnd Elliot 45 West Air B 30 39 Westtngh Elec 39% 39 Worthington P. . ... ... 25 Utilities— Am A- For Pwr 9% ,s 4 Am Pow Ac Lit. .. 9 A T A- T 121 120% 1221 129% Am Wat Wks ... . 21 21 Col Ga- A- Elee 15% 15% 15% 15% Col G A- E Dfd .. .. .. . 75 Com Ac ?’U .... .. 2% 2% Cor.sc C . . 2*% 39% 39% 39% Elec . Lit 7% 7% 7% 7% E P . 13% Int 1 14% 14% 14% 14*. Lou G 18 Nat P ... 11% 11% North 19% 19* 19% 19% Pac G ... 19% 19% Pub Ser. ... 38% 38 So Cal Eo; ... 18% 18% 6td <3*s 13 12% St a Gas pfd ... ... 12% t&Uled Corp ... 6% 6% 6% 6%

Un Gas Imp ... 171. 171. Ut Pwr A: Lit A 3% Western Union ... ... . ” 55 Rubbers— Firestone . 22 2!% Goodrich 16% 16 16% 15% Goodyear ... 37% 37% U S Rubber . 19% 19% 19% 19 U S Rubber pfd. 44 43% 43% 42% Kel Spring ... ... 31, Amusements— Croslev Radio .... |.. ... u% Fox Thea . 14% Loews Inc 32% 32% 32% 31% Radio Corp 8% 8 gKO . ... 3% 3% Warner Bros .. 7* B 7 71 8 7 Foods— Am Sugar 53% 53% Armour A 6 6 Borden Prod 22*2 22% Cal Packing .... ... . 24 Canada D G Ale . 24% Cont Bak A' .. .. ... ... ij3* Crm of Wheat. .. ... ... 33 Gen Foods . . 33% Gold Dust 19% ■ 19% 19% 19% G W Sugar 28% 28 Hershey . . ... ... 52 Int Salt ... .. ’ 24 Loose Wiles ... .’ ’ 40 Natl Biscuit ... .‘. 40% Natl D Prod .. 15% 15% 15% 15% Purity Bak ... . i53 4 S Por Rico Sug 33% 33% Std Brands ... 21% 21% United Fruit 63 Waru Bak A .. .. ... . 8% Wriglcy 58% Retail Stores Ass Dry Goods J 6% Best Ac Cos 30% Gimhel Bros ... ... 53 g Gimbel pfd ... 26’Gr Uii Tea 7' Hahn Dept St . .. ... 7% newel Tea .. ... . 44% -vresge S S 19% 19% Kroger Groc 30% 30 Macy R H 54 May Dept St 38 Mom Ward . ... 31% 31% 31% 31 Penny J C . 64% 64% Safeway St ... . 52% 52% 52% 52 Seers Roebuck... 46% 46% 46% 45% Woo. worth ... 50% 50 Aviation— Avialion Corp 7s a Douglass Air ... .22% Curtiss Wright. 4% 4% 4% "4% Curtiss Wright A 10 9% Nor Am Av . . ... 4% United Aircraft.. 25% 25 25 24% Chemirals— Allied Chem 152% 151 Am Com Alcohol ... 50% Col Carbon .... ... .. 66 Com Solvents... 27% 27% 27% 27% Du Pont 100%' 100 * 100'- 99% Freeport Tex 45% Liquid Carb ... ... 27 Math Alkali 35% 34% Tex GuU Sulph 38 37% 38 38 Union Carb d~ 41% 44% 44% -■'% IT S Indus Alco . .. ... .. 53 Natl Dist 'New>. .. ... 27 26% Ire 3 ! >- 27 27 ehn A- Fink 19% 18% 7 "te Prod 6% F'nanr'a l — 'atrts F\p ... 9s, 9% "’e-’ienv Corp .. ... ... 4 %’-• Corp ... .. . .. . 39% . rai's-”nerica 7 6% 7 6% Tr C-'ntl . Corp 5% 5% RuUding— An’ Radiator ... 15 14% 14% 14% Gen Asphalt . 18% 18% 18% 18 Int Cement . . 30% 30% 30% 30% •Tohns Manvilie 57 56% 57 56 Lib Owens Gls. 38 37% 38 37% Otis Elev 17% 17% 17% 16% Ulrn Const ... 32% Miscellaneous— Am Can 102% 102 102% 102 Anchor Cap ... ... 20% Brklyn Man T ... ... ... 31 Conti Can 78% 78% Eastman Kodak 90 Owens Bottle .. . 86% Gilleve .. 11% 11% Glidden . 22% 22% 22% 22% Indus Ra'on 83% 83 Inter Rapid Tr . . 8% New York Curb Rv Afaoott. Hoppin & Cos. —March 1 Close Close. VI ed Mills 8 % Gen Aviation 7 Alum Cos 01 Am 70 Glr.i Aiden Coal 19% Am Cyanide B‘ 17% Gu'f Oli of Pa . 70 Am Gas A - El 25% Hiram Walker . 48% V” Superpower 3% Huq Ba\ M:n . 9% Assd Gas A" El 14 Humble Oil .. . . 4! % Atlas Corp 12% imperial Oil Ltd 13 , Btaz Tret A- Lt 11% Tnt Pc-cl 21 ’. 3ri* Celanese 3%- Lake %• ire Min 41% 'an Ind Ale A' 16 Vatl Bellas Hess 3 ’an Marc 3% Newmont Min . 51'z irrier C'orp .. 6 3 4 Nia Hud Pwr .. 7 Cities Scrv . ... 3% Park Davis ... 24% Comnweatlh Ed 53% Penn Road .... 3 3 4 'or. ol Gas Balt 60%'St Regis Paper. 3% Cord Corp ... 6%,5al Creek Prod.. 7 ,'reole Petrol . 11 Sherwin Wms .. 62% Crown Crk Inti 7% Std of Ind 28% Deere A- Cos ... 30 Std of Kv 16 Distillers Lirr... 22% Technicolor Ind. 9 Dstillers Corp 20 reck Hughs Gld 5% El Bond A- Shr 17% Un Gas 2% "■'.sk Rubber 18% Un Pwr A- Lt A 3% 'ord of Can 'A" 22% Wright Har Min 8% Ford of Europe 6%

Daily Price Index

NEW YORK. March I.—Dun * Bradstreet's dai'y weighted price index of thirtv basic commodities for the United Press iISJO-1932 average. 100 Todav 108 59 Yesterday 108.60 Week Aco Hoiidav Month Ago 104 28 Year Ago 68.51 1934 High 'Feb 17* 109.16 1934 Low Jan 3' 101 05 Convright. 1934 bv Dun * Bradstreet Inc. i

Foreign Exchange

tßv Abbott. Hoppin & Cos.) —March 1 — ClOM* Sterling England * 5.07S Franc. France P 657 Lira. Italy 0856 Belgias. Belgium 2330 Mark. Germany 2330 Mark. Germany 3960 Guilder. Holland 6715 Peseta, Spain 1355 Krone, Norway 2555 Kroe. Denmark 2275

STOCK SHARES RESUME GAINSi VOLUME LIGHT All Groups Up Fractions to Over a Point; Bonds Irregular.

Average Stock Prices

Average of thirty industrials for yesterday were 103.31 high. 101.93 low. 103 18 last, up 28 Average of twenty rails, 47.T9. 48 86. 47.57. off 23. Average of twenty utilities 26.59, 25 88. 26 32 off 13. Average of forty bonds 91.52. off 09. Average of ten first rails 97.50, up 16 Average of ten second rails 81 14. off 32 Average of ten utriities 54 82. up 09. Average of ten industrials 92.61. off 14 BY ELMER C. WALZER United Press Financial Editor NEW YORK, March 2.—The recovery in progress at the close of the Stock Exchange yesterday continued at the opening today. Initial prices were fractions to a point above the previous closing levels with trading on a small scale. Leading issues in ail groups were bid up. United States Steel opened at 54%. up %; Western Union 56. up 1; Consolidated Gas 39 1 2. up 1 1 ; Du Pont 100. up ; Chrysler 55' 2. up General Electric 20 5. 1; United States Smelting 120%, 1% *; Sears Roebuck* 46' 1, up %; Standard Oil of New Jersey 43 '*, up % ; Montgomery Ward. 31 1 :*, up '2; Atchison 65h, up ’2, and Woolworth 50 %, up %. During the early trading the trend continued upward, although volume was very light. Bonds were irreglular in narrow range. Silver futures eased 13 to 25 points. Cotton firmed 4 to 9 points. The dollar was barely changed in terms of foreign exchange. Business news was freatured by the weekly trade review of Dun & Bradstreet, which found resumption of the general upswing “which has been gaining momentum since the first of the vear.”

Bank Clearings

INDIANAPOLIS STATEMENT —March 2 Clearings $2,101,000 Debits 5,069.000 TREASURY STATEMENT By United Press WASHINGTON. March I.—Government expenses and receipts of the current fiscal year to Feb. 27, compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $4,209,259,131.61 $3,331,678,707.47 Receipts. 4,688,220.849.54 1.246.364,541.47 Surplus.. 478.961.717.93 x 2,085.314,166.00 Cash bal. 4.949.649.027.70 xDeficit,

Bond Prices

By Fenner & Beane —March 2 High. Low. 1030. Alleg Corp 5s 'SO 35 34% 3 % Am & For Pwr 5s 2030 50 AT&T db 5s '65 107 Atchison gen 4s 95.. 99% 99% 99% B&O cv 4%s '6O 70 69% 70 Can Pac 4s ’57 76% 76 76% ChMStP&P ad 5s A 2000 19% 19% 19% ChMStP&P rs 5s A 75. 50% 49% 50 Con Gas NY 4%s 'sl 98% 98% 98% Denmark 5%s ’55 93% Det Ed 5s E ’52 103% Erie RR rs 5s '67 72 71 72 Goodyear 5s '57 95 9474 94 7 a Gt Nor 4%s D '76.... 78% 78 78 Gt Nor 7s A '36 95 94 95 Interboro RT 5s 66.. 69% 69% 69% Int T&T db 5s 697s 69% 69% Int T&T db 5s 55 61% 61 61% McKees & Robb 5%s ’SO 70% Nat Dairy ffb 5%s ’4B 88 Nor Am 5s 61 80% Pac G & E! 5s 42 105 104% 104% Uara Pub 5%s 'SO 47% 46% 47% Poland 7s '47 97 Roval Dutch 4s A 45 . . .... 133 Sin Cons 6%s B '38...100% 100% 100% Texas Corp 5s '44 100% 100% 100% Tob Pr NJ 6%s 2022 105 Un Pac Ist 4s '47 102% 102 102% U S Rubber 5s A '47.. 78% 78 78% Ygstwn S & T B '7O 86%

Investment Trust Shares

(Bv Abbott. Hoppin & Cos.) —March 1— Bid. Ask. American Bank Stocks Corp. 1.16 1.20 American & Gen Sec A .... 5.00 7.00 American & Inv Tr Sh .... 1.75 2.50 Basic Industry Shares 3.50 3.60 British Type Inv Tr Sh ... .65 .75 Collateral Trustee Sh A ... 4.65 4.75 Corporate Trust Sh (old) .. 2,12 2.16 Corporate Trust Sh inew .. 2.40 2.45 Cumulative Trust Shares .. 4.18 4.28 Diversified Trust Sh A .... 6.25 Diversified Trust Sh B 8.25 8.50 Diversified Trust Sh C 3.25 3.30 Diversified Trust Sh D .... 4.90 5.10 First Insurance Stock Corp. 1.24 1.30 First Common Stock Corp... .90 1.07 Fixed Trust Oil Sh A 8.62 9.00 Fixed Trust Oil Sh B 7.62 7.87 Incorporators Investments .. 18.50 19.62 Land Bank Bond Shares ... 1.05 1.17 Low Priced Shares 6.35 6.45 Mass Inv Trust Shares 19.20 20 85 Nation Wide Securities .... 3.52 3.60 No American Tr Sh 1 53).... 1.89 1.93 No American Tr Sh (55l 2,40 2.45 No American Tr Sh < 58' . ... 2.65 2.70 Selected American Sh Inc.. 1.20 1.25 Selected American Shares . 3.20 Selected Cumulative Shares . 7.12 Selected Income Shares .... 3.50 3.75 Sand American Trust Sh A . . 3.05 3.10 Trust Shares of America ... 288 2.92 Trustee Std O 1 A 5.65 5.75 Trustee Std Oil B 2.25 5.50 U S E'er Lt A Pwr A 12.50 13.00 Universal Trust Shares . . . 3.14 3.18 MEMBER OF PIONEER DETROIT FAMILY DIES I)r. Edmund J. Rolio Attracted Attention in Will Suit. By United Pr< sx DETROIT. March 2.—Dr. Edmund J. Bolio, member of a pioneer Detroit family and central figure in a contested suit which attacted na-tion-wide attention in 1932, died at his home here yesterday. Grateful for Mr. Bolio's support when she was tried on a murder charge and exonerated. Miss Ida Marccux in 1877 willed her entire estate to the Detroit doctor. The will v.as written in pencil on an old piece cf paper. Dr. Bolio slipped it between the pages of a Bible and forgot it. In 1930 a wealthy spinster, later identified as Miss Marcoux. died in Chicago. On her deathbed she whispered of the will. Dr. Bolio in 1932 won a long legal battle with the state of Illinois for the estate consisting of SIB,OOO in gold coins and SSO 000 in real estate.

Gone, but Not Forgotten

Automobiles reported to police as stolen belong to; Frank Bradv. 222 North Tremont avenue. Ford sedan 100-909. from 1400 Biar.e avenue. Dorothv Hamill. 418 South Warman avenue. Chevrolet sedan. 38-048. from in front ol 418 South Warman avenue.

BACK HOME AGAIN

Stolen automobiles recovered- bv police belong to: E T. Wood Companv 204 Inland Bank building. Ford coach, found at St. Clair street and Broadwav T W. Sargent. 3023 Nowlar.d Dvenue. Graham-Paige. found at Oxford and Michigan streets. A frog can jump about twenty times its length, whereas a man's jumping ability on the average carries him forward only about three times his own height*

. THE INDIANAPOLIS TIMES

Bright Spots

IBv Abbott, Hoppins * Cos I Diamond Match Company and subsidiaries for vear of 1933 report earnings of *1 64 a common share, against *1 27 a shares in 1932. J. C. Penny Corporation reported earning for 1933 amounting to *5.51 a com- t mon share, against *1.57 in 1932. Canadian Pacific Railway reports net operating income for January totaling $888,989, against *323,372 in January of 1933. Department of Commerce in Washington during January reported an increase of 20 per cent in retail sales of passenger cars. Ci.y Ice and Fuel Company and subsidiaries. operating in twenty-six states and Canada, report for the year ended Dec. 31. 1933, after federal taxes, depreciation and all other charges, net profits of $3,852,390 equivalent to $2.20 per common share. This compares with net profits in 1932 of $4.025.519 or $2 33 per common share. American Maize-Products Company reports for 1933. after depreciation, provision for federal taxes and all charges, including reduction of investments to market value and additional reserves, net earnings of *721,144. The asset value per SIOO 5 per cent debenture of Foreign Bond Associations, Inc to which is attached an escrow receipts representing two shares of the company's common stock, amounted to $153 82 on Feb. 27. This asset value compares with $113.92 on Dec. 31, 1933, and represents an increase of 35.02 per cent.

4,142 ADDED TO RELIEF ROLLS Majority of Applicants Lost Industry Jobs, Report Shows. Out of 4.142 new applicants for poor relief, 64.33 per cent were added to the rolls because they lost their jobs in private industry, a tabulation for Indianapolis disclosed today. The survey covered the period from Nov. 1, 1933, to Jan. 31, 1934. It was carried on by CWA workers. The new cases are approximately 40 per cent of the total of 10,628 poor relief cases in the city. Os the new cases, 76 per cent never had been on relief before, while 24 per cent were cases reopened. Causes of the new’ cases were listed as follows Loss of job in private industry, 64.33 per cent; reduction of work hours or days per week, 5.89 per cent; loss of CWA jobs, 4.37 per cent; business failure, 3.25 per cent; loss of family revenue by release of payee from civilian conservation corps, 1.22 per cent; pay cut below subsistence level 1.07 per cent; loss of a government job, other than CWA. .58 per cent; loss of PWA jobs, .46 per cent, and miscellaneous reasons 18.85 per cent.

COACH EMPLOYES TO DECIDEJN UNIONS Drivers Voting on Company Organization. Peoples Motor Coach Company employes, a subsidiary of the Indianapolis Railways, Inc., will vote today on whether to affiliate with the Amalgamated Association of Street Railway and Motor Coach Employes or continue to belong to the company’s union. The voting will be supervised by G. T. Watson, secretary of the board; Charles Lutz and Alex Gordon, all affiliated with the regional labor board. Decision to hold the election today came some time ago at a secret meeting. The polling place is at 1145 East Twenty-second street. Employes may cast their ballots from 9 a.m. to 6 p. m. U. S. BOARD ASKS END OF ALUMINUM STRIKE 3,000 W’orkers Advised Regional Authority Will Seek Settlement. By United Prcxx WASHINGTON, March 2.—The national labor board today asked 3.000 striking aluminum workers in New Kensington. Arnold and Logan Ferry, Pa„ to return to work at once and give the Pittsburgh regional board full opportunity to settle the strikes peaceably. Workers in a recently organized American Federation of Labor union were involved. They had previously agreed to observe the board's request. DENIES LINDBERGH IS GOVERNOR CANDIDATE G. O. P. Chairman of New Jersey Spikes Invitation Rumor, By United Press TRENTON. N. J., March 2.—E. Bertram Molt. Republican state chairman, spiked rumors today that Colonel Chales A. Lindbergh might be invit.ed to become a candidate for Governor in New Jersey. •'I don’t think there is -anything to it,” Mr. Mott said. “ I don't think he'd be available, to start with.” TWO NAMED STATE COPS Marion and Terre Haute Men Selected by Feeney. A1 Feeney, state safety director, today announced the appointments of Paul Armstrong, Marion, and Walter Owens. Terre Haute, to the state police force. Mr. Owens sycceeds Lawrence Letzkus, Terre Haute, who left the state police to go with the state highway department. SOPRANO IN RECITAL French. German and English Songs Included in Program. Groups of French. German and English songs will be included in the recital of Jane Johnson Burroughs, soprano, which will be given March 9 at the John Herron Art Institute. Miss Burroughs will be accompanied by Walter Whitworth. William Trusty Passes William Trusty. 55. of Eagle Creek boulevard and Miller street, died Wednesday night at his home. Last rites will be held Saturday at the home. Burial will be at Floral Park cemetery. NEW YORK RAW SUGAR FUTURES —March 1— High. Low. Close January 1.77 March 1.60 1.59 1.60 May 1,65 1.64 1 64 July 1.70 1.68 1.68 September 1.72 1.71 1.72 December 1.77 1.75 1.70

SWINE MARKET SHOWS UNEVEN TRADINGRANGE Weights From 180 Pounds Down Steady to Lower; Others Higher. Twa-way action featured hog trading at the Union Stockyards this morning, with weights from 180 pounds dowm steady to 25 cents lower and other grades generally 10 to 20 cents higher than yesterday's average. The bulk, 160 to 300 pounds, was selling at $4.60 to 54.85. Weights from 300 pounds and up sold at $4.55 to $4.75. Light kinds, weighing 130 to 160 pounds, were salable at $3.50 to $4. while small slaughter pigs scaling 100 to 130 pounds brought $2 to $3. Receipts were estimated at 3,000. Holdovers. 1.037. No change of importance was registered in local cattle conditions, and majority of all classes remained stationary’ with the previous close. Early trading was scarce. Receipts numbered 500. Vealer prices continued unchanged, selling at $7.50 down. Receipts were 600. Initial asking was slightly higher on hogs at Chicago, with few bids fully steady with Thursday’s average at $4.70 down. Receipts were estimated at 10.000. including 3.000 directs; holdovers, 4,000. Cattle receipts numbered 2,000; calves, 800; market steady. Sheep receipts were 11,000; market weak. HOGS Feb. Bulk. Top Receipts. 24. $4.65® 4,75 $4.75 1,500 26. 5.00 5.00 S.OOO 27. 4.90'® 5.00 5.00 8.000 28. 4.65® 4.70 4.75 7.500 Mar. 1. 4.65© 4.70 4.70 4.300 2. 4.60© 4.85 4.85 4.000 Market Uneven (140-160) Good and ch'oice.. .$3.75® 4.00 —Light Weights—-)l6o-IBoi Good and choice ... 4.60 (180-200) Good and choice... 4.75 —Medium Weights—-(2oo-2201 Good and choice ... 485 (220-250) Goo dand choice ... 4.85 —Heavy Weights—-(2so-290) Good and choice ... 4.85 (300-350) Good and choice ... 4.65@ 4.85 —Packing Sows—(3so down) Good 3.75® 4.00 (350 upi Good 3.50® 3.85 (All weightsl Medium 3.25® 3.65 —Slaughter Pigs—-(loo-130) Good and choice ... 2.00® 3.00 CATTLE Receipts, 500; 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 (750-900) 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 excludedi Good (beef steers) 2.75® 3.50 Cutter, common and medium.. 1.50© 2.75 VEALERS Receipts, 600; 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 $7.00® 7.50 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 (800-1,5001-Good and choice 4.00® 5.25 Common and medium 2.75© 4.00 SHEEP AND LAMBS Receipts, 2,000; market, steady. (90 lbs. down) Good & ch0ice.59.75®10.25 (90-110 lbs.) Good and choice. 9.25©10.00 (90 lbs. down) com. and med. 7.50© 9.25 —Ewes— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 Other Livestock By United Press EAST ST. LOUIS. 111.. March 2.—Hogs —Receipts, 6,000; market, uneven; mostly 10 to 25 cents higher than average Thursday; top. $4.80 ior one snort ioad: bulk, 170-260 lbs.. *4.60© 4.75: few 2,0 j lb. weights. $4.50; a few 150-160 lbs.. s4*. 4.50; 100 lbs., pigs. $2.50; other pigs and lights not estaoiishea; light weight sows, $3.50® 3.80; bidding down to $3.25 on I heavies. Cattle—Receipts. 1,200; calves. 700; market, slow on all classes in cleanup trade with the general trend weak to lower; a few low priced steers, $4.50; mixed yearlings and heifers, $4©%.25; COW’S. $2.85(0 3.50; low cutters, $1.25® 2; top sausage bulls. 15c lower at $3.25; vealers, 2'c lower: top. $7. Slaughter steers, 550-1,100 lbs., good and choice, $5.75© 7; common and medium. $3.75© 6; 1.100-1,500 lbs., choice, $5.50©6.75; good. [email protected]; medium, 54©5.75. Sheep—Receipts, 700; market, hardly enough on sale to make a market; odd lots of choice native w’ooled lambs to city butchers fully steady at $lO ©10.25; lambs. 90 lbs. down, good and choice. $9.25© 10.25; common and medium. $6.25©9.50; 90-98 lbs., good and choice, $9.25® 10.25; common and medium, $6.25© 9.50; 90-98 lbs., good and choice, s9© 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. $2.75© 4.25. LAFAYETTE. March 2.-Hogs—Market, 10©20c higher; pigs 15© 2Cc iower; 250325' lbs., $4.45©4. ,0; 170-250 lbs.. $4.50© 4.65: 140-170 lbs.. $3.50© 3.75; 120-140 lbs.. $2.75© 3.25; 100-120 lbs. $1.75® 2.25; roughs. $3.50 down; top caives, $6.50; top lambs. $8.50. PITTSBURGH, March 2.—Hogs—Receipts, 100: holdovers. ,SJ; unchanged top $5.10; 150 to 210 lbs., $5©5.10; 210 to 2ao lbs.. $4. is® 5; 250 lbs. up. $4.50©.4.75: 110 ►to 135 lbs., $3.25© 3.75; sow s $3.75 down. Cattle—Receipts. 15; nominal. Caives Receipts. 50; steadv: top and bulk vealers. $8; mediums. s6© 7. Sheep—Receipts. 250; steady; top and bulk iambs. $10.25: common to medium. s6® 9.25; clipped lambs. $8.50 down. By Times Special LOUISVILLE. March 2 —Cattle—Receipts, 175; supply very light, market, slow, steady to weak; bulk common to medium steers and heifers. s4©;s; well finished kinds quotable. $5.25®6: bulk beef cows. $2.50®3.50; low’ cutters a&d cutters mostly $1.25©2.25: sausage bulls mostly $3.50 down; Stockers and feeders unchanged. Calves—Receipts. 300; market not established, some interests talking around steady or from s6® 6.50 for bulk better vealers; no early sales. Hogs—Receipts, 1.000; 25c higher 170-240 lbs.. $5; 245-270 lbs.. $4.65: 275 lbs. up. $4.30: 145-165 lbs., $4.05: 120-140 lbs.. $3.15: sows. $3.05; stags *1.75. Sheep—Receipts. 25: steady; medium to good lambs. $7.50©8.50: choice auotable. $0: throwouts mostly $5.30: fat ewes. $2.50 ©3. Receipts. Thursday: Cattle. 229. -a’ves. 402: hoes. 648: she-n. 13. Shipments Thursday: Cattle, none; calves. 381; hogs, none: sheep, none.

U. S. Government Bonds

By United Press NEW YORK. March 1— Closing Liberties (decimals represent thirty-seconds i: Liberty 3%s (32-47i 102.1 First 4%s '32-471 102.22 Fourth 4%s (32-38' 102.31 Treasury 4%5-3%S (45) 100 10 4%s i47-52i 108.22 3%S (46-47) 100.26 3%s (41-43) March 100.27 3%s (40-43) June 100.26 3%s (411 100.10 3%s '46-49) 98 26 38 (51-55 47.7 TOADSTOOL I DEATHS REACH TOTAL OF 10 14 Other Victims of “Mushroom” Party Are in Critical Condition. By United Press SAN LUIS OBISPO. Cal., March 2.—Death which overtook ten Filipino farm workers after they ate toadstools at a community dinner threatened fourteen other men here today. The fourteen survivors of the dinner were reported in critical condition in a local hospital to which they had been brought from the ranch operated by Walter and Jack Huber. The Hubers were among those believed near death. The others were all Filipinos. The twenty-four men had gathered at the Huber ranch to eat a dinner of ‘•mushrooms’’ the Filipino field hands had picked*

Chicago Stocks By Abbott. Hoopin & Cos. —————

March 1— Total Sales. 38.000 Share*. High. Low- Close. Adams Mfg ... jj% Advance Aluminum ... ■>% Allied Products Altorfer Bros 23 22 23 Asbestos Mfg 3% 33 Asso Telephone Util % Bastian-B'essing 7' 6% 6% Beaaix Aviation 13% 18% 19% Borg-Warner . , 24% 24 24'* Borg-Warner. pfd ... 99% E L Bruce Cos 13% Butler Bros 10’s 10% 10 s Cent Pub Serv Class A % Cent A- So West ... 1% Other Livestock By United Press FT. WAYNE. March 2.—hogs—Steadv to 25c higher; 200-250 lbs.. $4.80: 250-300 lbs.. $4,65; 160-200 lbs.. 54.50; 300-350 lbs., $4.50; 150-160 lbs. $4; 140-150 lbs.. S3 75; 130-140 lbs.. $3 50; 120-130 lbs.. 100-120 lbs.. $2.50; roughs. $2.50: stags. SI Calves —$7.50: western iambs. $9.50, native lambs. $9.25. CLEVELAND. March 2—Cattle—Receipts. 175; market dull, slow all week, ana prices unchanged; choice. 750-1.144-lb steesr, $6.25© 7: 550-1.200 lbs.. ss® 6; heifers, 600-1.000 lbs . $4.25© 5.50: good cows, all weights. 52.50© 3.25. Calves— Receipts. 350: market slow with prices steadv; down 50c for the week; choice to prime. s7® 8; choice to good. s6© 7; fair to good. ss©6. Sheep—Receipts 800; market active and steady; prices 25c higher than a week ago; choice wethers, S4©s; medium to good, s3®4; choice spring lambs. $9.50© 10.25; good to choice. sß© 9. Hogs—Receipts, 1.200: market slow, prices steadv today and 25®35c higher for the week; 250-300 lbs.. $4.50© 4.75: 220-250 lbs.. $4.50© 4.75; 150-210 lbs.. $5: stags. $2. roughs. $3; pigs. $3.25©3.50.

Indianapolis Cash Grain

—March 1 — The bids ior car lo’s of grain at the call of the Indianapolis Board oi Trade, f. o. b., shipping point, basis 41%. New York rate, were: Wheat—.V’ak: No. 1 red. 81'; 082)20. No. 2 red, 80%®81%c; No. 2 hard, 80 1 2di 81 1 2C. Corn —Steady: No 3 white. 41 ! 2©42 , 2c: No. 4 w’hite, 40 1 2©,41 1 2C: No. 3 yellow. 40%©41%c: No. 4 yellow, 39%®40%c; No. 3 mixed, 39 '2 @40 ',2c; No. 4 mixed. 38 , 2C@39 1 2C. Oats—Steady: No. 2 white, 31©32c; No. 3 white, 30©31c. —lnspections Wheat—No. 1 red. 2 cars; No 2 re>' 1 ca, : No. 2 hard, 1 car. Total, 4 cars. Corn —No. 2 w’hite, 1 car: No. 3 white, 5 cars; No. 2 vellow’, 4 cars; No. 3 yellow. 9 cars; No. 4 yellow. 8 cars; No. 5 vellow, 2 cars; No. 3 mixed, 2 cars. Total, 31 cars. Oats—No. 2 white, 9 cars; No. 3 white, 1 car. Total. 10 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 79 cents for No. 2 soft red wheat, utner g.aaes on thtsir merits. CHICAGO CASH GRAIN By United Tress CHICAGO. March 1. Cash grain: Wheat —No. 2 red. 87%c; No. 2 mixed, 86 1 2 c: No. 2 hard smutty, 84%c. Corn — No. 2 mixed. 48’ 2c; No. 3 mixed, 48c; No. 4 mixed, 46%c; No. 2 yellow’. 48%©: 48%c; No. 3 yellow’. 47%©48c; No. 4 yellow 7. 47@47'4C; No. 6 veilow 7 , 44%c; No. 2 W’hite, 50©50'2C. Oats—No. 2 white. 35 ©35%c; No. 2 white fancy, 38'2c; No. 3 white. 34©34%c. Rye—No sales. Barley—s4© 76c quotable. Timothy—s7.2s® 7.50. Clover seed—sll®l4.2s. Cash provisions—Lard. $6.52; loose. $6; leaf. $6.12; S. bellies. $8.25. NEW YORK CASH GRAIN By United Press NEW YORK, March I.—Cash grain: Wheat—No. 2 red. $1.03%: No. 2 hard winter. $1.03%. Corn—No. 2 mixed. 58%c. Oats —No. 3 white. 45' 2C.

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 $4.25 Coke, nut size 8.75 Coke, egg size 8.'5 Indiana, forked lump 5 50 Indiana, egg 5.00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 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 50c a ton for wheeling coal, and $1 a ton for coal carried to bln.

In the Cotton Markets

—March 1 CHICAGO. High. Low’. Close January 12.54 12.44 12.54 March 12.03 Mav 12.16 11.34 12.13 July 12.26 12.11 12.33 October .12.42 12 24 12.23 December 12.49 .1236 12.43 NEW YORK January .. 12.50 12.34 12.47 March 11.90 11.80 11.80 May 12.03 11.90 11.99 July 12.12 12.03 12.12 October 12.32 12.16 12.29 December 12 44 12.27 12.41 NEW ORLEANS January 12.40 March 11.85 11.75 11.85 May 12.00 11.85 11.98 July 12.12 11.99 12.12 October 12.28 12.13 12 26 December 12.37 12.23 12.37

On Commission Row

—March 2 trims Cranberries —Cape Cod early blacks. 25 lb. box. $2.25. Pears—Calavos (12-16-20-245). $3.50 Strawberries —Florida. 13<gl4c per pint Bananas—Per pound. 5c Apples—Wealthy. Wolf River. Grimc.s Golden, Jonathan. Florida. $1.35®2.15 a bu.. fancy Stavman.s, $2.25 a box. Grapefruit—S3.2s® 3.75. Oranges—California Navels. $3.50. Pineapples $3 a % crate. Vegetables Cabbage—New Texas, half crate. $1.25. Onions—lndiana red, 50-lb. bag. 51.40 Indiana yellow. 50-lb bag. $1.40. Beans—Round stringless, hamper. $3 Beets—Bulk per bu.. $1.15; Texas, nev. $1.50 a crate. Peas—3oc lb. crate. $3.25 Carrots—California. s3® 3.25 a crate; per doz.. 20c; bulk per bushel, $1.15 Cauliflower—California (10-U-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 —Iceberg. best i4-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. NEW YORK COFFEE FUTURES —March 1— SANTOS High. Low. Close March 10.60 Mav 10.87 10.64 10.85 Julv 10.97 10.75 10.95 September 1128 11.10 11.26 December 11.40 11.21 11.33 RIO January 8.77 'larch 8."( Mav 8.56 8.53 8. 7 July 8.60 842 8 ■ September 8.62 8.50 8 2 December 8.67 8.65 8.67 Births Girls Charles and Mildred Moss. 1350 Lindley. Harold and Irna Bre'z. 1009 East Morris. Ernest and Della Chance, 1428 North shefield. Edgar and Rebecca McCormick, 4417 Baltimore. Deaths Esfle David. 55, Veterans’ hospital, myocarditis. Hatue Montgomery. 66. Central Indiana hospital, hvpostatie pneumonia. Roscoe Pringle, 48. Central Indiana hospital. epilepsy. Infant Moore. 1 hour. Methodist hospital. intercramal hemorrhage. Catherine Martin. 40. city hospital, carcinoma. Frederick Krome. 1134 Bates, chronic mvocarditis. Caroline Gant. 84. 4280 North Meridian, arteriosclerosis. Plumbing Permits Harry Freyn, 3226 North Capitol: three fixtures. . C C. Schneider. 2216'West Michigan one fixture. Harry Freyn. 3760 North Pennsylvania: two fixtures. Fire Reports THURSDAY 6:48 a. m., 1820 Hillside, grocery, small loss 7 33 a. m . 5858 Lowell, residence. *SOO. 9:08 a m 3219 East New York, residence. small loss. 10:12 a m.. 419 East North, apartment, small loss. 7:14 p. m., 710 North Holmes, residence, small loss*

Cent & So West pfd 6% Cen &So W’est P Y pfd . . 12 Chi A- North Western.. 12 1 3 12'. 12' Chi City A Con Rvs % Chicago Corp Com ... 3 Chicago Corp Pfd 28 Chicago Flexible Shaft. . ... 10 Cities Service 3% 33% Commonwealth Edison .54 53'3 54 Consumers % Continental Steel 9' 3 Cord Corp 6% 6% 6 \ Crane Cos 9 8 3 4 9 Crane Cos pfd 63 59 63 Electric Household ... 12% 12 12’ 2 Gen Household Ut 12% 10% 12% Godchaux ■B" 8 Goldbiatt Bros 16% 15% 16% Hall Printing g% 8 8% Houdaille-Hershey B . .. . 5% Illinois Brick . . 6 Iron Fireman 11% 11 11 Katz Drug ... 31 % Ky Ut Jr Cum pfd... ... 18 Libby-Neil 4% Lindsay Light 2% 2% 2% Loudon Packing . 17 Lynch Corp 34% 34 31 Manhattar.-Dcarborn .... ... 1’ Marshall Field 16% McGrav Electric ... 5% McQuay-Norris 46 Middle W’est Utilities ... ... % Mid West Ut 6% pfd A 2 Midland United % Monroe Chemical ... 8% Muskegon Motor Spec A 10% National Battery ... 22 National Leather 2% 2 2 National Securities Inv. .. ... 1% National-Standard 25 Nob-Sparks Ind Inc ... 14% 14% 14% North Am Light A- Powr 2% 2% 2% Northwest Bancorporatn . ... 4% Northwest Engineering. 7 6% 7 Oshkosh Overall 5 Parker Pen 6 5% 5% Potter Cos 54 Prima Cos 9% 8% 8% Public Service. N P ... 19% 18 19% Reliance Mfg Cos .. 15% Swift A Cos 16% 16% 16% Swift Interna-iona! 26 25% 25% Telephone Bond A Sh A . . 3 Thompson JR 9% 9 9 Utility A Ind pfd 4% 4 4 Viking Pump 5 Vortex Cup Cos 9% 8% 9% Vortex Cup ■'"'o A 26 Wahl ... 1 % Wa’green Cos com 22% Ward. Montgomery A 106 W’ieboldt Stores ... 16% Zeni’h Radio 3%

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; young 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, March 2.—Eggs—Market easy; receipts. 15.050 cases: extra firsts, 15%'c; fresh graded firsts. 15%c; dirties. 13%c; current receipts. 14%c: checks. 13c Butter, firm: receipts, 7.854 tubs: storage extras (92), 24%c; storage standards 190•. 24%c: extra firsts (90-91%), 25® 25%-; firsts (88-89%), 23%®24%c; seconds 186-87 *2 *, 23c: extras 192>. 26c: specials. 26%©27c; standards. 25%c; cent. 89, 24%c; cent 88. 23%c; storage cent. 89. 23%c. PoultryMarket steady: receipts, 9 trucks; turkey hens. 17c; hens, 14© 15c; Leghorns, 12c; ducks. 12@15c; geese. 10c; old roosters, 9c; broilers (colored), 22c; colored springers, 17c; Plymouth, 17c; Plymouth Rock springs. 19c. Cheese—Twins, 14%©. 15c; Longhorns. 15©15%c; daisies. 15© 15'*c. Potatoes—Old stock, supply moderate; demand and trading moderate; market strong on Russets and McClures and steady on others; Wisconsin round whites, $1.77%© 1.82%; few $1.90© 1.95: Nebraska triumphs, $1.80; Idaho Russets. $2.10©2 20: mostly around $2 15: one car $2.25: combination grade. $1.85© 1.90: Colorado McClures. $2.10© 2.20: few fine qualities around. $2.25. New’ stock—Supply moderate, demand and trading moderate; market steady; sales to jobbers. Florida, bushel crates. Bliss triumphs. $1.60® 1.70. mostly around $1.70. NEW YORK. March 2.—Potatoes—Firm; Long Island. $2.75© 2.90 barrel; southern. s3® 3.25 barrel; Maine. $1,604; 4.85 barrel: Idaho, $2.50® 2.65 sack; Bermuda. s6© 7 barrel; Canada. $2.40©2.50 barrel. Sweet potatoes—Firmer: Jersey basket, 50c© $1.75; southern baskets, $1.75© 1.85. Flour ---Easy: springs; patents. $6.40® 6.55 barrel. Pork—Firm; mess. $21.50 barrel. Lard— Dull; middle west spot. $6.80© 6.90 per 100 lbs. Dressed poultry—Quiet; turkeys. 15© 25c; chickens. 10© 21c: broilers. 14® 35c; capons. 10©32c; fowls. 11© 18c: ducks, 11© 14c; Long Island ducks, 15@15%c. Live poultry—Firm; geese, 8© 12c: turkeys. 18 ®23c: roosters, 10c: ducks, 8© 12c; fowls, 16© 19c; chickens. 13© 15c; capons. 22c. Cheese —Dull; state whole milk specials, 19©20c; young Americas, 16c. CLEVELAND, March 2.—Butter—Market, steady; extra. 30c; standards. 29%c. Eggs —Market, barely steady: extra white. 16%c; current receipts, 16c. Poultry—• Market, firm; colored fowl medium. 16©; 17c; colored fow’l heavy. 15c; Leghorn fowl, 3% lbs. and up, 13c; Leghorn fowl light. 12c; springers smooth. 16© 17c; capons. 8 lbs. and up. 22c; colored broilers. 25c: stags, 12c: roosters, 9c; ducks white, 5 lbs. and up. 18c; ducks light, 16c; geese, 12c. Potatoes—Maine best mostly $2.35© 2.40; Idaho. $2.25© 2.40; Ohio best, s2©, 2.10; Florida best. $1.75 per bushel. CHICAGO FRUIT MARKET By United Press CHICAGO. March 2.—Fruits and vegetable: Apples-—Michigan Baldwins. $1.35© 1.60; Jonathans, $2. Carrots—lllinois, 404/ 60c bushel. Spinach—Texas. 75c4;5l bushel. Beans—Southern green. 52.25©3 bushel; wax. $24/2.75. Cucumbers—Central western hothouse, $2©2.50. 2 doz. to box. Tomatoes —Florida, sl© 1.75 box. Sw’eet potatoes —Tennessee. $1.50© 1.75 bushel: Indiana. $1,654/ 1.75. Rhubarb—Michigan hothouse. 204/ 35c. 5-lb. cartons. Rutabagas—Ce ntral western,. 704/ 75c, 50-lb. sacks. Turnips—Central western. 50© 75c bushel. Mushrooms—lllinois, 22 1-3© 40c, lb. cartons. Asparagus—California, erates, s2©4, doz. bunches. Onion market. 50lbs. sacks—Western Valencias,, $1©1.30; central western yelow’. $1©1.05; Caifornia whites. $1.90© 2.

WE BUY AND SELLi U. S. Government Bond* U. S. Territorial and Insular Bond* Indiana Municipal and Gravel Road Bond* Land Bank Bonds Home Owners' Loan Corporation Bonds Bonds and Stocks of Indiana Corporations General Market Municipal and Corporation Bonds i Indianapolis Bond and Share Corporation 129 East Market Street Telephone Riley 4551

Active Trading in Government Municipal Land Bank Catholic Church and Institutional Bonds, Real Estate Bonds and Stocks General Market Securities A. J. WICHMANN & CO. INC. 713 CIRCLE TOWER. RILEY 1810 INDIANAPOLIS, INDIANA

Abbott, Hoppin & Company 20.‘1 Continental Bank Building Riley 5491 .New York Indianapolis Chicago Montreal Pittsburgh MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange, Inc. New York Coffee and Sugar Excnange, Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. Woolling

.11 ARCH 2, 1934

FUTURE PRICES CLIMB DESPITE, BEARISH NEWS General Rains Are Reported Over Winter Wheat Sections. BY HARMAN W. NICHOLS United Tress Staff Correspondent CHICAGO. March 2.—Grain values Improved with stocks and cotton at the opening of the Board of Trade today. Wheat deliveries were to M cent higher, corn was % to % cent higher, and oats were up % cent. Trading was at a minimum. Prices rose in defiance of bearish . crop news. General rains were reported over the winter wheat area. Much improved moisture condi- * tions west and southwest provided the basis for the revised crop calculations released yesterday. While ' the statistical situtaion is better . than for several years, it, in itself, is not sufficiently stimulating to be a major market factor. v Chicago Primary Receipts —March 1— Bushels Today* Last Wk W’heat 229.000 Holiday Corn 309 000 Holid?.y Oats 110,000 Holiday Chicago Futures Range —March 2 WHEAT— Prev. High. Low. 10 00. close. May 87'., .86% .87% .86% July 86% .85% .86% .85% Sent 87% .86% .87 .86% CORN— May 51 .50% .50% .50% July 53 .52% .52% .52% Sept. .. .. .54% OATS— May 34% 34% .34% .34% July 34% .34% .34% .34% Segt 34 .33% .33% .33%: May 59% .59% .59% .59% July 61% .61% .61% .60% Sept 62% .61% .61% .61% BARLEY— May 47% .47% .47% .47 July .. .. .48 TOLEDO CASH GRAIN By United Press TOLEDO March I.—Grain in elevators, transit billing: Wheat—No. 2 red. 90%®) 91 %c. Corn —No 2 vellow, 54©55c. Oats —No. 2 white. 39%®40%c. Rve—No. 2. 66%©67%c. Track prices. 28% rate: Wheat—No. 1 red. 87©87%c: No. 2 red, 86©86%c. Corn No. 2 yellow, 49%® 50%c; No. 3 vellow, 48©49c; No. 4 vellow, 47© 48c. Oats—No. 2 white. 36© 38c; No. 3 white, 35@37c. Toledo seed close; Clover—March. $8.25. Alsike—Cash. $8.50. ST. LOUIS CASH GRAIN By United Press ST. LOUIS. March 1, Cash grain: Wheat—ln fair demand. 2c lower; No. 2 red. 88c; No. 3 red. 87 %c; No. 3 red garlicky. 83%c: hard grades. l%c lower; No. 2 hard. 86%c nominal. Corn—ln fair* demand, unchanged; No. 2 yellow, 48%©: 49%c. Oats— ln fair demand, lc lower . No. 2 white. 36@36%c. yg CLAIM REFUND EXPERT FAILED TO PAY TAX Accountant Indicted for Not Paying on His Share of Rebates, By L nited Pr< ss CHICAGO, March 2.—George T. Witter, expert accountant and income tax specialist, drew the attention of federal internal revenue department officials when he successfully won tax refunds of $200,000 for the F. D. Stout estate, federal attorneys revealed today. E. Riley Campbell, special assistant United States attorney, claimed that Mr. Witter was paid half of the tax refund for his services. Using the alias of J. G. Williams, Mr. Witter obtained other sums for his services in income tax matters, it was charged, which provided him with an income of $48,043 in 1930, and $27,096 in 1931. Today Mr. Witter faced a federal grand jury indictment charging him with failure to pay income taxes on the money paid him as tax reiund fees.

FLORIDA MUNICIPALS Bought—Sold Zaiser & Zaiser Incorporated 129 E. Market LI. 9375

Investments and Investment Service Wm. E. Shumaker & Company, Inc. 1(08 Circle Tower 1,1-8354

• BE SAFE Insure t our Car Today Automobile insurance Ass’n. 1,1 8571. 7th Floor. Occidental Bldg.

Conservative Business Invited 3mcrican national Bank AT INDIANAPOLIS