Indianapolis Times, Volume 45, Number 261, Indianapolis, Marion County, 12 March 1934 — Page 8

PAGE 8

Security Liquidation Follows Roosevelt’s Request for Exchange Regulation Legislation. BY RALPH HF.NDERSHOT tfmti Special Financial Writer

Senator Fletcher let it be known late last week that he is willing to have his bill tor the regulation of stock exchanges modified in several respects so as to make it less severe. That is news of the highest importance not only to Wall Street but to the country at large. It looks now as if there is a good chance that a measure designed to correct abuses rather than one which would destroy the stock exchange business throughout the country will be enacted into law. The importance of the change may not be generally appreciated. To get the proper perspective one is obliged to follow its influences out to their logical end. These influences have a bearing not only on the

business of the country but on the nation's monetary policy, which, in turn, might disturb conditions internationally. Most people realize the importance of the stock markets in connection with corporate financing. They realize that without such markets or with those markets crippled to inch an extent that they can not function properly business would be bound to suffer through lack of long-term credit. Capital expenditures can not be made with short-term credit such as is obtainable at commercial banks. ana Might Lead to Inflation If the normal markets were dammed up the only other place corporations could get money on the proper basis would be from the government. But the government could not supply the funds necessary for a recovery in business through borrowings. It would have to print the money, and that would lead to in-

I. ( .il Hendershot

Ration with a vengeance. Other nations might follow suit, and there is no telling what the end might be. But whereas destructive legislation might push the country back into the slough of the depression, corrective legislation could not fail to bring favorable results. Those who invested or speculated would stand a much better chance of coming out with their original funds intact or with a reasonable profit, and the markets would be improved as a result. a a a nan Street Wants Corrections Most important people in the financial district profess a desire to see stock market abuses punishable by law. And while some may sincerely doubt the truth of their statements, a more careful search into the practical phases of the situation might change their views. It is good business to conduct exchanges on an honest and fair basis, and the general run of people in Wall Street are good business men. Most of the leaders in the financial district have held the opinion in the past that the Street could manage its own affairs best, and they have resented outside interference. But the rank and file have changed their views during the last twelve months. Wall Street by and large was almost as astounded at the senate investigation revelations as was Broadway. Most brokers, of course, knew how the pools operated, and they knew that insiders frequently took advantage of their preferred positions. They took them more or less as a natural course, realizing that these pool operators and insiders frequently went broke as a result of their operations. But when the full facts were spread out on the front pages of the newspapers they began to realize that some very grievous wrongs had been committed Now thev want the abuses corrected, but they do not want their business destroyed

New York Stocks

•Bv Abbott. —March 12— Prev. Oil*— High. Low 10 30 dote. Atl Rfg 31 % 31 ‘ • 31 % 31 Barnsdall ... 8% 8% Consol Oil ... 13 13 Cent of Del 18% 18% Houston (newt 4% Houston iold| . 24 1 Mid Cont Pet 13 Ohio Oil 13’* 13'2 Pet Corp . 12% Phillips Pet 17% 17% 17% 17‘4 Pure Oil , - - • ■ - - 11 Sbd Oil 35% Shell Un V • 10% 10% Simms Pet 9% Soc Vac 16% 16% 16% 16% S O of Cal 38% 38 S O of N J 46 45% Sun Oil 60 Texas Corp 26% 26% Tidewater Assn . .. Un Oil of Cal 17% 17% Steels — Am Roll Mills . 24% 24% 24% 24% Beth S, eel . 44 43% 43% 43% Gulf S's Steel 41 Ludlum Steel .. .. ... Natl Steel .... . . 50 Rep Iron A Stl 23 22% 23 23% Rpp Iron A: Stl p . 63% U S Smelt . 130% 130 130% 130% Vanadium Mid Steel 18% U S Pipe A Fdv . 27% U S Steel ... 54 1 4 53% 54% 54 U S Steel pfd 92 92 Youngstn SAT 29% 29 29 28% Rails— Atchison 66% 66 66% 65 B Ar 0 30 29% 30 29% Can Pac 18% 18 Ch A Ohio 43% 43% Chi A Gt W 4 % C M & St P 6% 6% CMA- St P pfd 11% 11% 11% 11 Chi N W - ■ 13% 13% Dela A Hud 64 62% Erie . 22 21 21% 20% Grt No pfd 29 28% 28% 28% 111 Central 33% 32’ 2 33% 32 M K A T . 11% Mo Pac 5 5 Mo Pac pfd . 7*2 N Y Cent 38 37% 38 37% N Y C A St L p . - 31 N Y New Haven 19% 19% 19% 19 Norfolk A Wes 173 Nor Pac 31% 31 31 30% Penn R R . 34% 34 Sou Pac 27% 27 27% 27 Sou R R • • 31% 30% Sou R R pfd 36 Union Pac 127% . West Maryland ... ... 15% 15 Motors— Auburn ...... 55% 55% Chrysler 53 1 3 53% 53’ 2 53% Gen Motors . . 37% 37 s * 37% 37% Graham Mot .... 4_ 4 Hudson ... 19% 19*2 Hupp ... 5% 5% Mack Truck 34 Nash ... 26 s * 27 Packard 5% Reo Studebaker 7% 7% Yellow Truck .... ... ... 6 Motor Access— Bendix 19% Bohn Alum 9 s * Borg Warner Briggs 16 15% Budd Wheel 4% Eaton Mfg 20% 20 s * 20% 19 ■* Elec Auto Lite 29% 29 5 , 29% 29% Houd A ■ . 6 6 Murray Body •. . 10 Stew Warner 9% 9% Timken Rol ... . 35% Mining— Alaska Jun 21 21% Am Smelt .... 46% 45% 46% 46% Anancanda . . 15% Cal A Heels 5% 5% Cerro De Pasco 37 s , 37% 37 s * 37% Granby 11% 11% Gt Nor Ore 13% 13% HomesMke Min 360 353 Howe Sound 50 49% 49% 49% Ins Copper 5% Tnt Nickel 27% 2.% Kennecott Cop 20% 20 20% 20% Noranda Cop 39% 39 39 39 Phelps Dodge 16 s * 16% Am Sum Tob 19% 20 Am Tobacco A 67% Am Tobacco B 70% 70 s * 70% 69% Ligs A Myers B 84 Lorrillard 17% 17% Reynolds Tob B 40% 40 s * 40 s , 40% Equipments— Allis Chalmers 20 19 1 3 Am Car A Fdy 28% Am Loco ••• 35 35 Bald Loco ••• 13% 13% Burroughs 16% 16 Case J I *4% .3% Cater Tract 30 Colgat Palm Peet 1.% 17% Congoieum 28 Congoleum 28 Elec Stor Bat 36% Foster Wheeler 19 Gen Am Tk Car .. ... 40% 40% Gen Elec 22 Gen R R Stg 43% 43-2 in: Harvester 41% 41% Kelvinator 20 s * 20% 20 s , 20% Natl Cash Reg 19% 19% Proc A Gamble 38 3i% Pullman Inc 55 53% Simmons Bed 20 20 West Air B _ _ 31% Westir.gh Elec 38% 38 38% 39% Utilities — Am A For Pwr ... 10% 10% Am Power A Ltt 9% A T A T 121 •* 121 Am Wat wks 20% Col Gas A Elec . 15% 15% Com A Sou 2% 2 s , 2% 2 s , Consol Gas 38% 38% 38% 38% Elec Pwr A Lit .. ... 1% 7 s , E P A L pfd 14 13% Int TAT- 14 s , 14% Nat Pr A Lit.. .. ... • 11 s , North Amer 18‘2 18% Pac G A E 19% 19% Pub Serv N J ••• 3.% 3%, So Cal Edison 18% . Std Gas 12% Std Oas ofd . 12% United Coro 6% 6 s , 6% 6 s , Un Gas Imp •- 17% 17% Ut Pwr & Lit A 4% 4% Western Union ... 56% Rubbers — ® : :: ** {£ p, U s Rubber rfd 45 s 4 45 - 45 3 4 45 3 i Snr.ne 4 l * 4 ! t Awusementt — Croslev Rado 14 1 2 32% 32 32 IV Radio Corp 7;s 7% RKO 3% 3 s , Warner Bros 6", 6% 6% 6 s , Food* — , Armour <A) 6 5% 6 5% Beatrice Cream y 14% Borden Prod 23 s , 23 s , 23 s , 23% Cal Packing 25 Can Dry G Ale ... 25% Cont Bak (A 12% 12% Corn Prod 72 Crm of Wheat 32% 32% Gen Foods 34 33% Gold Dust 19% 19% W Sugar 28% 27% nt Salt 25% Mail Biscuit 4040 fiatl D Prod 16% 15% 16% 16 Furitly Bak 15> 8 Porto Rico 8. 33fe

Wall Street

loonln k Cos. 1 —— ____ Std Brands 21% 21% 21V, 91 <4 United Fruit ... * 2 Wri *>*v : ::: ;;; Retail Stores— Ajso Dn Goods 16% 16% 16% 15% Oi Un Tea .. 7% 7% ?<2 Hahn Dept Sts * 1/2 7 4 i! 4 h re6 Be S S 'i 9 s, ,93’ Kroger Groc in® 4 Macy R H .... '" SX, 8 Mav- Dept St 41 40% 40% 52 4 Pinny 'jY" 323 ' 4 32 '* 32% '32% Safeway St !' ; 67 2 f§ 2 Sea;.? Roebuck . 48% 48% '43% 401, Wooiworth 50% Aviation— Aviation Corp pi. Douglass Air .. 22% 22% 9vi Curnss Wright.. 4 “ 4 4 Curtiss Wr A .. .. dy Nor Am Av . ! 9 4 9 , United Aircraft. 24% 24V 24% 23% Chemicals— Air Reduction Q -, Allied Chem , S1 97 ' 2 Am Com Alcohol .. " %„, Col Carbon Com Solvents .. 27% 27 27% 27% Dupont .... 971“ 97 §■}£ $ • Freeport Tex 45 Ma-h Alkali 45 Tex Gulf Sulph . . ." % R ,3, 4 C ik b £: 44 43 - 44 > cSi t y D inc. ,new !.: 2 ! ' 2 ?£ TLamberr 27% 27% 27% 27 Zonite Prod .... . . * Financial— Adams Exp Q3 Allegheny Corp ... ." "01* , 5 4 Transamerica ... 2,® Tr Conti Corp ... ”* **' g,® Building— Am Radiator ... 14% 14% 141Gen Asphalt 14 * 14 * } 4 4 Int Cement .. 29% an Johns Manville 57% 471., 471* sci Libby Owens Gls . 2 3 Miscellaneous— Am Bank Note .... in Anchor "cap ! 101 100H ' 100 Conu n c^n n Tr ! Eastman Kodak .. la 2 Gillette 1.,, ?? Glidden . 23% 23V. 933: Gotham Silk ... * 23 * * Indus Ravon .... Inter Rapid Tr . .. gi 4 g New York Curb —March 10 c * OS€ Close Allied Mills 8% Glen Alden Coal 18% Am Beverage 3 Gulf Oil of Pa 69% Am Cyanide B li% Hiram Waiker . 47% Am Gas & El 24% Hud Bay Min 12% Am touperpow 3% Humble Oil 413! Ass Gas & El. 1% Imper Oil Ltd 14% Atlas Corp . 13 Int Pterol 22% Brazil T <v Lt 12% Lake Shore Min 48'2 Can Indus A A 16% Natl Bellas H 3% Can Marc 4 Newmont Min . 53 Carrier Corp • 7% Ni a Hud Pwr .. 6% Cii les Serv ... 3% Novadel Agene. 65 Cord Corp ... 6% Park Davis ... 24 Creole Petrol 11% Penn Road 3% Crown Cork Int 6% St Regis Paper 3% Deere & Cos 30 ** Sherwin Wms 65 Distillers Lim 22% Std of Ind ... 28% Distillers Corp 20’.-Std of Kv 16 El Bond & Sh 17%Teck Hughes G 6% Fisk Rubber 19% Un Gas 3% Ford of Can A 234 Un Pwr & Lt A 3% Gen Aviation . 6% Wright Harg M 9

Investment Trust Shares

By Abbo’t. Hoppin <fc Cos. —March 10— Bid Ask. Am Bank St.ocks Corp 116 120 Am i- Gen See A 5 00 700 Am & Inv Tr Sh 1.54 Basic Ind Shares 345 352 Bn! Type Inv. Tr Sh 65 .75 Collateral Trustee Shares A 475 435 Corporate Trust Shares toldi 2.16 220 Corporate Trust Snares inewi 240 ‘2 45 Cumulative Trust Shares . . 417 424 Diversified Trust Shares Aj... 6 25 Diversified Trust Shares B 8.00 825 Diversified Trust Shares C 320 325 Diversified Trust Shares D ... 4 30 4 98 First Insurance Stock Corp 1.30 135 First Common Stock Corp . . 85 89 Fixed Trust Oil Shares A '8.75 835 Fixed Trust Oil Shares B 750 7.75 Incorporators Investments . 18 75 19 00 Land Bank Bona Shares 106 118 Low Priced Trust Shares 6.35 645 Mass Inv Trust Share s 19 21 20 86 Nation Wide Securities 348 352 North Am Trust Shares 153 > 188 North Am Trust Shares < 55-56 > 242 246 North Am Trust Shares .58' 250 2.56 Selected American Shares Inc 260 Select'd Cumulative Shares 700 Selected Income Shares 350 370 Std Anttancan Trust Shares A 300 3.05 Trust Shares Oil A 560 570 Trustee Std Oil A 566 570 hells tee Std Oil B * . . 5.20 5.30 U S Electric Lt & Fwr A . 12 25 12 75 Universal Trust Shares 310 3.15 NEW OFFICERS NAMED BY PHI DELTA THETA Fraternity Alumni Group Elects John Schumacher. Head. New officers of the Phi Delta Theta fraternity graduates group were elected Saturday night at Founder's day banquet in the Columbia Club. The new officials are John A. Schumacher, president; Paul B Payne, vice-president: R. K. Brown, treasurer; and J. Russell Townsend, recorder. CHICAGO FRCIT MARKET By L m itfd Prt s* CHICAGO March 12 Apples— Michigan Baldwins $12541150 bushel Carrots —fliinme 40 ; 50c bushel. Spinach—Texas 60'.j 65c bushel Beans—Southern creeit $1 50 2 50. wax. $1.75'.! 2.50 Cucumber".—Cer.’ral western hothouse $2 a 2.50. two dozen Tomatoes—Florida. <1 <i! 75 box Sweet potatoes—Ter..lessee *1 65 b 175: Indiana *1 76'i 1 75. Rhubarb—Michtesn hothouse 2547 35c 5-pound cartons Rutabacas—Central western 75'./80c. 50-pound sacks Turnip*—Central western. 50<u6Oc bushel. Mushrooms—lllinois 17 1 .. <.i32"zc. oouncl A'oarattus California. $2 50.4 frates. Onion markt iSO-lb. sacks Western Valencias. sl'<il.3o; Central Western Yellows. 75c Q *1.05.

STOCK SHARES IRREGULAR IN DULL SESSION Homestake Mining Soars 7 Points to New High for Year.

Average Stock Prices

Average of thirty industrials for Satur- ! dav. High 102 99. low 101.71. close 102 77. up 33 Average of twenty rails: 43 11. 47 67, 48 02 off .10. Average of twenty utilities: 26 31. 25 98. 26 21. un .05. Average of forty bond? 92 59 ud 13 Average o! ten first rail? 98 15. off .02 Average of ten second rails: 82 22 ud .01 Average of ten utilities 95.66. ud .12. Average of ten industrials: 93 92. ud 40. BY ELMER C. WALZER l/nited Press Financial Editor NEW YORK, March 12.—Stocks opened irregularly higher today. Most changes were fractional, but the volatine Homestake Mining soared 7 points to anew; high for the year at 360 and a few other issues gained a point or .so. Steel common reached 4 point to 53 : 2 on the first sale. Steel’s decline came in the face of a conservatively optimistic statement by Chairman Myron C, Taylor of the corporation. Taylor noted, however, that the Steel Corporation was not yet doing sufficient business to bring a nrofit. The stock later rallied to 54 %, up V* point from the previous close. Bethlehem Steel firmed \ point to 44 responding to favorable weekly review of the mazagine Steel which placed operations for the industry at 51 per cent of capacity, up 3 points from last week. Allied Chemical opened at 151, up 2; United Aircraft 244, up 1; American Can 101, up 1; Atchison 66, up 1, and Case 74%, up 4. Small gains were noted in the gold mining group, oils and rails. At the opening Radio Corporation. Chrysler, General Motors, Consolidated Gas. United States Smelting. Public Service of New Jersey, American Smelting, Kennecott. North American, and Kresge were down fractionally. Westinghouse Electric dropped 14 to 38 on the first sale, reflecting a poor showing in 1933 revealed today in the annual report. Early trading was dull as the market moved irregularly. United States Smelting opened at 130. off %, rose to 130%. American Smelting reached 46 Vs from its opening of 45%, off %. These two issues responded to firming prices for silver metal. Chrysler and General Motors recovered initial losses. American Telephone firmed to 121 %, up '%. National Distillers eased after opening at 28. up •%. New York Central rase to 38 from its opening of 37%, up Vi.

Bank Clearings

INDIANAPOLIS STATEMENT —March 12— Clearings $1,733,000.00 Debits 3,786,000.00 TREASURY STATEMENT Bit United rress WASHINGTON. March 12.—Government expenses and receipts of the current fiscal rear to March 9. compared with the corresponding period of the previous fiscal year: This Year. Last Year Expenses $4,425,426,730.14 *3,506.741.783.77 Receipts $1,995,140,201.07 $1,292,022,523.14 Deficit $2,430,286,529 07 $2,214 719.260.63 Cash bal. $4,827,973,703 45 New York Bank Stocks Abbott, Hoppin & Cos. —March 10— Bid. Ask. Bankers 153% 64 Brooklyn Trust 95 98 Central Hanover 1.31 % 1.33 Chase National 28% 28% Chemical 4040% National City 29% 30% Corn Exchange 53*% 54% Continental 14 14% Empire 19% 19% First National 16.15 16.30 Guaranty 2.27% 2 29% Irving 17% J 7% Manhattan & Cos 32% 32% Manufacturers 21% 22% New York Trust 98% 99% Public 29 29%

Foreign Exchange

tßy Abbott, Hoppin & Cos.) —March 10— Close. Sterling. England $5.08 Franc, France 0658% Lira. Italy 0856% Belcias. Belgium 2330 Mark. Germany 3971 Guilder. Holland 6728 Peseta. Spain 1363 Krone. Norway 2553 Krone. Denmark 2270

Federal Farm Loan Bonds

(By Blyth & Cos., Inc.) —March 10— Bid. Ask 4s Nov. 1, 1957—37 94’ 95% 4s Mav 1. 1958—38 94% 95% 4%s Julv 1. 1956—36 95% 96% 4%s Jan. 1, 1957—37 95% 96% 4%s Mav 1. 1957—37 95% 96% 4%s Nov. 1. 1958—38 95% 96% 4%s Mav 1. 1942—32 98% 99% 4%s Jari. 1, 1943—33 96% 98 4%s Jan. 1, 1953—33 96% 98 4 %’S Julv 1. 1953—33 96% 98 4%s Jan. 1. 1955—35 96% 98 4%s Julv 1, 1955—35 96% 98 4%S Jan. 1. 1956—36 96% 98 4%s Julv 1. 1953—33 98% 99 % 4%s Jari. 1. 1954—34 98% 99% 4%s Julv 1. 1954—34 98% 99% 5s May 1. 1941—31 100% 100% 5s Nov. 1. 1941—31 100% 100% Home Loan 4s, July 1. 1951 .. 96% 97%

U. S. Government Bonds

By United Press NEW YORK. March 10 —Closing liberties (decinmais represent thirty-seconds 1: —Liberty—--3%s (32-47) 100.22 First 4% s (32-47' 103.8 Fourth 4%s (33-381 103.10 —Treasury—4’s 3%s (45) 101.12 4%s i47-52i 104 3%s i43-47i 101.27 3%s (41-431 March 101.28 3%s (40-43i June 101.27 3%s 141' 101.16 3%s (46-52) 100 3s (51-55( 98 15

In the Cotton Markets

—March 10— CHICAGO High. Low Close. Januarv 12.70 12.65 12.70 March ' 12.25 May 12 33 12 22 12.33 Ju’v 12 43 12.35 12 43 October . 12.57 12.48 12.57 December 12.65 12.58 12.65 NEW YORK Januarv 12 62 12.55 12 59 March 12.11 12.06 12 Ot Mav 12 20 12.15 12 16 Julv 12 33 12.27 12.28 October 12.47 12 40 12 44 December 12 57 12 49 12.5 1 NEW ORLEANS January . . 12.n6 March . ,12.09 Mav 12 20 12 14 '12.17 Julv 12 32 12 25 12 3C October 12 45 12 38 12.45 December 1 53 12.49 12.52 NEW YORK RAW SUGAR FUTURES —March 10— High. Low. Close January ... 1.75 March 1.48 Mav 1 59 1.58 1 59 July 1 64 1 62 1 64 September 1 69 1.68 1.68 December 1.74 1.73 1.74

. THE INDIANAPOLIS TOTES

Bright Spots

(By Abbott. Hoppin k Cos l Standard Gas and Electric Company In 1933 had a net income of 52.953.955 after ail charses against $9,126,716 fn 1932. Indiana Pipe Line Company declared a dividend of 15 cents a share on the common stock; on Nor. 15. a dividend of 15 cents and an extra dividend of 10 cents was paid. Magma Copper Company declared a dividend of 50 cents a share on the common stock. Baltimore k Ohio Railroad Company car loadings in February totaled 160479 cars against 131,231 in F'ebruary, 1933. New York state industries commission reports the sharpest rise in f actory employment in the state in the last fourteen years during January and February. W’estinghouse Airbrake Company declares the regular quarterly dividend of 25 cents a common share. United States Steel Company February shipments increased 53,723 tons over January to 385.500 tons. Federal Minings and Smelting Company is contemplating a reduction in the authorized preferred stock to 30.0<K1 shares from 200,000 shares and common stock to 50,000 shares from 100.000 _ shares. Continental Baking Company declares the regular quarterly dividend of $1 a share on the 8 per cent cumulative preferred stock.

On Commission Row

—March 12Fruits Apples—New York Baldwins, fancy, 51.60® 1.85: fancy Staymans. $2.25; fancy Winesaps, $2.60. Oranges California Sunkist, s3@4: Fioridas s3® 3.75. Lemons—Sunkist. $6; Red Ball. $5.50. Grapefrui*—Arizona seedless 80s, $3; Florida. $2.75. Strawberries —Florida, pint. 14®15c; 36pt. crate, $5. Cranberries—C. C. Howes, Eatmores. 25lb. box. $2 50. Melons —Argentina Honeydews, $2.75. Pears —Florida, Avacados. $2.50; Calavos. $3.50 per box. Bananas—Per pound, 5 cents. Vegetables Cabbage—New Texas. $1 35 per halfcrate; Florida red. $4.50 per hamper. Celery—Florida, $2.50®3.50 a crate; mammoth bunch 75c; medium bunch 45c; hearts,, dozen bunch $1.35. Onions—lndiana yellow, 50-lb. bag 51.35; red, $1.35; lowa white. $3. Potatoes—Northern round white 100-lb. bag, $2.15; Red River Ohios, $2.30; Maine Green Mountains, $2.65; Colorado McClures. $2 50; Idaho Russets, $2.50; Wyoming Triumphs 50-lb. bag, $1.40; New Florida Triumphs. $2. Sweet Potatoes—lndiana Jerseys per bushel, $2; Porto Ricans, $1.90. Asparagus—California select crate. $4.75. Beans—Round stringless, $3.25; new lima, $3. Beets—New Texas 3-dozen crate, $1.50; bulk per bushel, $1.50. Carrots —California 6-dozen crate, $3.25; bulk new, $2; bulk old. $1.15. Cauliflower —California. $1.60. Cucumbers—Hot house per dozen, $1.15. Lettuce—Hot house 10-lb. basket, 55c; Iceberg bests, [email protected] a crate. Peas—3o-lb. hamper, $2.75. Radishes—Hot house, buttons 45c a dozen, long white, 40c per dozen. Rhubarb—Hot house. 50c a bunch. Spinach—New Texas. $1 per bushel. Tomatoes—Repacked, 10-lb, carton, $1; selected, cellophane wrapped, $1.25; original Florida, 30-lb. lug. S2.

Produce Markets

Delivered in Indianapolis Prices -Hens, 10%c; Leghorn hens. 10c; Leghorn spring-er-stags. 6c; large springer-stags, 9c; cocks, ac; 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, ioss off 13c; each full case must weigh 55 lbs. gross; a deduction of 10c a pound for each pound under 5a lbs. will be made. Butter—No. 1, 27® 29c; No. 2, 24®25<; butterfat. 22c.—Quoted by Wadley Company By United Press CHICAGO. March 12.—Eggs—Market steady; receipts. 20.865 cases: extra firsts, lC%e; fresh graded firsts. 16%c: current receipts. 15%c; checks. 13%c; dirties. 14c. Butter—Market easy; receipts. 10 137 tubs: storage extras (92 score*. 23%c; storage standards (90 scorei. 23%c: extra firsts (90-91% scorei. 24%®24%c; firsts (88-89% score). 23%(5 24c: seconds iB6-87% score), 22%c: extras 192 scorei. 25%c: specials, 25%@26%c: standards. 25%c. Poultry Market, steady; receipts. 24 trucks, one care due: turkey hens. 17c; hens (heavy). 13c: Leghorns. 12c; ducks. 12®15c; roosters 9%c; colored springers. 11c; Plymouth Rock broilers. 16%c; geese. 12c. Cheese—Twins. 14%®15c: Longhorns, 15® 15%c: daisies. 15@15%c. Potatoes —Old stock, supply liberal; demand and trading slow; market, dull: Wisconsin round whites, burlap sacks. %1.700/1.75: Minnesota Red River Ohios. one car. $1.65: Idaho russets s2® 2.05: Untied States No. 2's. $1.75: Colorado McClures, cotton sacks, 52.17%®2.20. New stock supply moderate: demand and trading moderate; market,, about steady: sales to iobbers. Florida bushel crates Bliss Triumphs. $1.70 <7/1.75. Arrivals. 221: on track, 412; shipments Saturday 1.003: Sunday. 32. NEW YORK. March 12.—PotatoesWeak; Long Island, $1.30® 2.75 barrel; southern, $1.35® 1.65 crate; Maine, $2.40 ®4.40 barrel; Idaho. $2.50®2.60 sack; Bermuda. ss® 7.65 barrel: Canada. $2.15® 2.25 barrel. Sweet potatoes—Dull: Jersey basket. 50c® $1.75; southern basket, 50 c ®51.35. Flour—Higher; springs: patents, $6.50®6.70 sack. Pork—Firm; mess, s2l barrel. Lard—Steady; middle west spot, $6.80® 6.90 per 100 pounds. Dressed poultry—Steady; turkeys, 18®25c: chickens. 8 ®29c; broilers, 14® 30c: capons, 10<S„32c; fowls, 11® 18c; Long Island ducks. 15® 15%c. Live poultry—Steady: geese. B®l2c; turkeys. 18® 24c: roosters. 10c; ducks. 8® 13c; fowls. 15® 17c; chickens, 13® 19c; capons. 22c; broilers, 15® 26c. CheeseDull; state whole milk: specials. 19®20c: Young America, 16c. CLEVELAND. March 12.—Butter market barely steady; extras 29%c; standards 29%c. Eggs- Market, steady: extra white. 16%c; current receipts. 16c. Poultry— Market, weak; colored fowl medium 16® 17c; Leghorn fowl 3% lbs. and up. 13® 14c; Leghorn fowl light. 12c; springers smooth. 16® 17c capons 8 lbs. and up 22c; colored broiler;. 25c; stags. 12c; Roosters. 9c; ducks, white. 5 lbs. and up 18c; ducks lights. 16c; geese. 12c. Potatoes— Maine best $2 50: Idaho. $2,25®2.35; Ohio and New York, [email protected]. Other Livestock (By United Press) FT. WAYNE. March 12—Hogs—10® 15c lower; 200-250 lbs., $4.55; 250-300 lbs., $4 65; 160-200 lbs,. $4.45; 300-350 lbs., $4 15; 150-160 lbs., $3.65; 140-150 lbs.. $3.40: 130-140 lbs.. $3.15; 120-130 lbs., $2.65: 100-120 lbs., $2.15: roughs. $3.50; stags. S2. Calves, $6.50; lambs, $9. LAFAYETTE. March 12.—Hogs—Market, 10c lower; 250-325 lbs.. $4.40® 4.60: 200250 lbs.. $4.50® 4.55: 150-200 lbs.. $3.65® 4.40: 130-150 lbs.. $3.15®3.40; 120-130 lbs. $2.60® 2.90; 100-120 lbs.. $1.75® 2.30: roughs, 53.75 down: top calves. $5.50: top lambs. $8 TOLEDO, March 12.—Hogs—Receipts. 350: market, steady to strong; heavy yorkers, $4.6C®4.70: mixed and bulk of sales. $4.50® 4.70: pigs and lights $2.50® 4: medium and heavies, s4® 4.60: roughs. s3® 3.25. Cattle—Receipts. 250; market strong on all classes. Calves- Receipts, light: market steady. Sheep and lambs— Receipts, light; market, steady; iambs. $® 9. fl;i Times Special LOUISVILLE. March 12.—Cattle—Receipts. 800; demand oniy fair for slaughter classes; market moderately active, mostly steady: bulk common to medium steers and heifers, s4®s: few lots better finished kinds. $5.25® 5.75; strictly good baby beef type yearlings considered eligible higher beef cows mostly [email protected]; hand.vweight heifer types eligible higher; most low cutters and cutters. $1.25(55.2.25: sausage bulls. 53.75 down; bulk desirable Hereford Stockers. $4.75® 5.25: common to medium natives mostly $2.75® 3.75. Calves —Receipts. 550. including one load stock calves; vealers steady to weak; bulk better grades. ss® 5.50: medium and lower grades. $4.50 Hogs—Receipts. 1.300. including 285 direct: 10c lower: 170-240 lbs.. $4.80: 245-270 lbs.. $4.45: 275 lbs. up $4.10: 145-165 lbs.. $3.80: 120-140 lbs.. 52.45; sows. 52.85; stags. $1 55. Sheep—Receipts. 50; steady: medium to good lambs. $7.50 ®8.50; choice eligible to $9 or better: bucks discounted: most throwouts, $5.50; fat ewes. $2.50®3. Fire Reports SATURDAY 9:10 a. m.. 2045 Colbin avenue, garage. *ls 9 14 a. m.. 24 North Irvington avenue, residence, no loss. 11:41 a. m.. 439 Blake street, residence. *lO 12:07 p. m.. 3850 Madison avenue, residence, ho loss. 2.55 p. m., 119 North Noble street, residence. small loss. 3:06 p. m.. 1310 North Olney street, residence. small loss. 6:07 p. m.. 1542 Harlan street, residence, no loss. 636 p. m.. Maryland street and Senate Ivenue, automobile, small loss. SUNDAY 1:49 a. m„ Twenty-sixth and Harding streets, automobile, small loss. 3:00 a. m.. 2700 block West Michigan street, automobile, small loss. 8 41 am., 2933 Stuart street, residence, small loss. 948 a m . Elaine aveoue and Morris street, church. $75. 10:35 a. m . 802 South Addison avenue, residence, small loss 10 56 a m . 656 Marlon avenue, automobile. small loss. 11:05 a. m.. 1001 Villa avenue, residence. $l5O 11:27 arr... 1343 Shelby street, residence. *l5O. 1:01 p m.. 1650 College avenue, residence. *SO. 2:22 p m.. 1723 Laurel avenue, residence. *ls 5 56 p. m.. 925 South Delaware street, residence, small loss. 6:20 p m., 52 South Rural street, residence. *ls. 10:16 p. m . 2151 North Talbott avenue, s.oreroom. no loss. 10:27 p. m.. 1019 King avonue, automobile. small loss.

SWINE VALUES DOWN 10 CENTS AT CITYYAROS Cattle Mostly Unchanged: Veals, Lambs Remain Stationary. A decline of 10 cents from Saturday's average was displayed in hog trading at the Union Stockyards this morning. Early trade developed slow, with practically all butcher grades strong at last week's ! close. The bulk. 160 to 300 pounds, were I selling at 54.55 to $4.70. Several butcher classes were reported sellj ing at $4.75 to $4.80. Weighty I grades, scaling 300 pounds and up- : ward, brought $4.30 to $4.60. Lighter weights, 130 to 160 pounds. | sold at $3.40 to $4.90, while light lights from 100 to 130 pounds, were | salable at $2.15 to $3.15. Receipts were estimated at 6,500. Holdovers. 284. Only slight change was registered in the cattle market, with most beef steers salable at mostly IS6 down. Receipts numbered 500. Vealers resumed a steady trading range, salable at $6.50 down. Few later grades were quoted up to $7. Receipts were 400. Initial sales on lambs held stationary, around $9.25 down. Some choice grades were slightly higher. Receipts were 1.000. Asking on hogs at Chicago remained unchanged with Friday's average. Early bids were scarce and indications slightly lower. Receipts were estimated at 25.000, including 9.000 directs; holdovers, 1,000. Cattle receipts numbered 13,000; calves, 2,000; market steady to strong. Sheep receipts were 12,000; market strong. 6. $4.50® 4.65 $4.75 8 000 7. 4.50® 4.65 4.75 s]ooo 8. 4.65® 4.80 4,80 5.000 9. 4.65® 4.75 5.00 4,000 10. 4.65® 4.80 4.80 1 500 12. 4.55® 4.70 4 80 6,500 Market, Lower 140-160) Good and choice . $ 3.65® 3.90 „ —Light Weights—-(l6o-1801 Good and choice ... 4.55 (180-200) Good and choice .. 4.65 —Medium Weights—'f!”'®' Good and choice.... 4.70®4.75 UZU-JoO) Good and choice .. 4.70® 4.80 „„ —Heavy W’eights— al L d f hoice '' 4.65® 4.80 (300-350) Good and choice .. . 4.50® 465 —Packing Sows—--350 down) Good 3.50® 3.85 *350 up) Good 3 25® 355 tAll weights) Medium ....! 3 00® 350 —Slaughter Figs—-(loo-130) Good ana choice ... 2.15® 3.15 CATTLE U.oso-Wi*’ 500; market ' stead >- Gooa and choice $6.00® 700 a 'lofMfjOO) —' d medium 4 o °® 6-00 Good and choice 5.50® 7 00 -pommon and medium 4.00® 5.50 (6/5-<00) Good and choice 5.25® 6.50 (750™™ and medium 3.00® 5.25 Good and choice 4.75® 6.25 Common and medium 2.15® 475 _ , —Cows— Good 3 25® 3.75 Common and medium 2.75® 325 Low cutter and medium 1.50® 2.75 _ . —Bulls (yearlings excluded)—' Good (beet steers) 2.75® .50 Cutter, common and medium . 1.50® 2.75 VEALERS Receipts, 400; market, steady. Good and cnoice sfetio@ 7.00 Cull and common 2.00® 3 50 —Calves—-(2so-500) Good and choice 7.00® 7 50 Common and medium 2.00® 3 50 „^ Feeder and Stocker Cattle—-(soo-900) Good and choice 4 00® 5 25 Common and medium 2.75® 4 00 (800-1,500i — Good and choice 4.00® 5 25 Common and medium 2.10® 4.00 SHEEP AND LAMBS „„ .Receipts, 1,000: market, steady '9O {, ■ down * Good & choice s9.ou® 9.50 <9O-110 lbs.) Good and choice B.7b® >B9 25 (90 lbs. down) Com and med . 7.00® 875 /' —Ewes— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 Other Livestock By United Press March 12.—Hogs— Receipts. 25.000; including 9,000 directs; slow a to lac lower than Friday; 180-200 lbs.. $4.40 CiP, s ®, l ?P SV6O; 290-340 lbs.. $4 25®4.40; 140-1.0 lbs.. $3.504i 4.35; Digs $2.50® 3.25; packing sows. $3.75®4; light lights. 140-160 10s, good and choice. $3.50®4.25; light weight. 160-200 lbs., god and choice. s4® 4.60: medium weights. 200-250 lbs., good a P d choice. $4.45® 4.60; heavy weights. 250350 lbs., good and choice. $4.20® 4.55; packing sows. 275-550 lbs. medium and choice. $3.60® 4.15: slaughter pigs. 100-130 lbs., good and choice. $2.50® 3.50. Cat-tle-Receipts. 13.000; calves. 2.000; fed steers and yearling strong to 25c, mostly lac to 25c up; better grades showing most advance going largely for shipper accounts: market. active: other killers steady to strong: most steers, $5.25®7; 1300 lb.-bullocks up to $7.40; long vearlings, Si.aO. Slaughter cattle and vealers— Steers. 558-900 lbs., good and choice. s6® 7,i5: 980-1.100 lbs., good and choice s6® 1.100-1.300 lbs., good and choice, ■sj.(s® 7.65: 1.300-1.580 lbs., good and choice, $4.90®7.50; 550-1.300 lbs,, common and medium. $3.75® 6; heifers. 550-750 lbs. good and choice. $5.25® 6.75: common and medium. $3.50® 5.25; cows, good $3.50® 4.25: common and medium. $2.75® 3.50; low cutter and cutters. $1.50®2.75: bulls vearlings excluded, good beef. $3.25(53 75cutter. common and medium. $2.50®3.35: vealers. god and choice. $5.25®6.50: medium. $4.50®5.25: cull and common $3.50 ® 4.50. Stocker and feeder cattle—Steers. 580-1.050 lbs., good and choice. $4.50® •1.75: common and meduim. $3.255 4.75. Sheep—Receipts 12,000: undertone strong to unevenly higher on desirable fat lambs: sellers asking 25c and more higher: official bids around $9.25: bulk around. $9.50; sheep steady. Slaughter sheep and lambs —Lambs. 98 lbs. down, good and choice. 58.50® 9.50: common and medium. s7® 88.75; 90-98 lbs., good and cho’ce. sß® P. 35: ewes. 90-150 lbs., good and choice. S'!®s.6o; all weights, common and medium s3® 4.50. PITTSBURGH. March 12.—Hogs Receipts. 2.700; holdovers, none: steady to i 10 cents lower: top. $5.05: bulk. 170-220 I lbs.. ss® 5.05: heavier weights, scarce. 230 lbs. up. quotable $4.75® 5: 130-150 lbs.. $3.25® 3.50: 90-130 lbs.. $2.50® 3.25: packing sows. 2Sc lower; $3.75 down. Cattle Receipts. 400: steers and vearlings. steady to stronger: top load heavy steers average 1,413 lbs.. $5.75: odd-head lightweights up to $6: bulk, medium to good steers and yearlings. $4.50®5.75: heifers, steadv. quotable up to $5.50 for best kinds; good cows, $3.25®4: common to medium. $2.7503.50: low cutters and cutters. $1.75®2.75: bulls quotable lower. $3.75 down. Calves—Receipts. 500; 50c lower: top and bulk vealers, $7; medium. ss® 6. Sheep —Receipts. 500;! wool lambs, strong to 25c higher; closely sorted kinds, largely $10: common to medium. s6®9: clipped lambs, steadv. $7.75 down; choice shorn wethers, quotable around $5. FAST ST. LOUIS. 111.. March 12. - Hogs —Receipts, 10.000; market about 5 cents above Saturday's average: a few pigs and light lights steady with Fridav: top $4 60; bulk. 180-250 lbs.. $4.500 4.60: 150-170 lbs $3.75® 4.40: 100-140 lbs.. $2.5003 25' fewdown to $2 25; sows mostly $3.40® 365 Cattle—Receipts, 3.000: calves. 2.000: market opened generally steadv with close last week on all classes: very few steers so’dearlv steer? sales larglv $4.25®5.25; mixed vearlings and heifers s4® 5; cows. $2.75® 3.50: low- cutters. 51.25® 1.75: sausage bulls 52.75®3.10; top vealers. $6. Slaughter steers. 550-1.100 lbs., good and choice. $5 50 'S 6.75: common and medium. $3.7505 75-1.100-1.500 lbs., choice. $5 50® 6 50’ good 54.75® 6.25: medium. $4.25® 5.50. Sheep— Receipts. 2.500: market, no early action: asking higher; holding better wooled lambs above $9.25: lambs, 90 lbs. down, good and choice. $8.500 9.50: common and medium. S6O 8.75: 90-98 lbs., good and choice $8.2509.25: yearling wethers. 90-110 bs ’ good and choice. $6.50® 8.25: ewes. 90-150 lbs., good and choice. $3.75®5 50 all wegihts. common and medium. $2.75® 4 25 CLEVELAND. March 12— Cattle—Receipts, 500; market, 25c higher on practically all grades: choice steers. 750-1 100 lbs-. $6 50® 7: 650-950 lbs.. $5 500 6.50: 9001,200 lUs . $5 50 0 6.50: heifers. 600-850 lbs.. $4.500 4.50: medium heifer?. $3 50® 3 50: good cows, all weights. $2 5003 50 Calves —Receipts. 500: market. strong prime veals. $707.50: choice. $6.50®, medium, SSO 6 50: common. S3O 5. Sheep and lambs—Receipts. 1.500; market, strong: good and choice wool lambs. s9® 990. medium to good. SBO 9: culls arc cuts. SSO 7.50: choice clipped lambs. S7O 7 53: mediums to good. S6O 7: prime wether sheep. SSO 6: chore ewe?. $4 50 0 5.50; medium to good S3O 4 Hogs—Receipts. 1 600: market. 15c higher: 250-300 lbs.. <4 2504.50: 220-250 lbs. <4 5004 90: 130210 lbs.. $4.90: 150-180 lbs . 54.90; pigs. 100-140 lbs.. $3.

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Market Average m m m Twenty Active Issues Listed on the S. F. Stock Exchange.

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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.

INVESTMENT BROKERS BUY SCALE COMPANY Apple-Cole Purchases Controlling Stock in Southern Firm. The Apple-Cole Company, investment brokers, Chicago, have purchased controlling interest in the Stimpson Computing Scale Company, Louisville, according to an announcement made today by L. B. Grannis, vice-president. The latter company, with assets of more than $700,000, is one of the oldest scale manufacturing companies in the United States In addition to scales, they manufacture meat choppers, soda fountain and restaurant equipment. Due to the resignation of Roger Edwards, president, recently, a complete reorganization of officials will be made immediately. Details concerning future plans and election of new officers, will be announced in the near future. Marriage Licenses Walter Geisking. 32 Beech Grove, electrician. and Irene Buncn. 22. Acton. Ind.. housekeeper. Howara Turner. 25. Ft. Benjamin Harrison, soldier, and Barbara Silverthorn. 24, of 1322 East Market street, housekeeper Walter Stokesberry. 22. Camby. Ind.. truck driver, and Ethel Kessler 22. Cambv. Ind.. nurse. „ William Polk. 26. of 310 North Capitol avenue, musician, and Louise Rogers. 20. of 1126 East Ohio street, housekeeper. Charles Blake. 22. of 1507 Montca m street, laborer, and Carrie Hooker. 19. Mars Hill, housekeeper. Otto Leipnitz. 28 Ft. Wayne metal worker, and Mary Wilson. 26. Golden Hill. ""James Spaulding. 37, of 1513 Churchman avenue, glass workers, and Mildred Burge. 25. of 2020 Nolan street, housekeeper. Mvron McGeehan. 35. of 3444 North Pennsylvania street. salesman, Helen Rogers. 27. of 3240 North Illinois street n °Je S sse ee Stoi-er. 24. of 617 South Missouri street laborer, and Nora Haves. 23. Oi 617 South Missouri street, housekeeper. Births Boys Ko and Amy Chen. St. Vincent s hosP 'sylvester and Berlye Hulsman. St. Vincent's hospital. Leonard and Evelyn Bounsall. 1209 East Forty-sixth. . Ostis and Letha Ford. Methodist hospital. __ Lawrence and Florence Harvey. Methodist hospital. Arthur and Esta Norton, 566 West Wilkins. . Norman and Freida Stewart, 1538 West Wilcox. , Raymond and Mary Hicks, 1005 HarriSCharlev and Martha Wilson. 1924 Martindale. , Robert and Mildred Massingale, 2155 Avondale. Paul and Ethel Black. 1352 Deloss. Beuford and Virginia Cook, 1203 North Meridian. Meade and Marie Merrifield, 1214 Evison. Samuel and Alice Shaffer, 822 Bates. Martin and Stella Bev. 535 1 2 Indiana. Charles and Julia Fossee. 805 Coffey. Harold and Harriett Christie, 726 North Bellview. Jack and Eileen Gianzman, city hospital. Frank and Leona Padgett, city hospital. William and Clara Rooney, city hospital. Everett and Mary Russell, 121 North Arsenal. Lloyd and Clara Young, Methodist hospital. William and Esther Bray. Coleman hospital. Fred and Lizzie Gatlin, Colemand hospital. Mathew and Edith Harding. Colemand hospital. lesse and Freda Hendricks, Coleman (jjspital. David and Pauline Herschell. Coleman hospital. Walter and Mildred Scotten. Coleman hospital. Rex and Bernice McCormick, 1227 Newman. Floyd and Helen Woolf. Methodist hospital. Clifford and Katie Mvers, Methodist hospital. R'lph and Marie Elsea. Methodist hospital. Alvin and Clara Mosmeier, Methodist I hospital. Ralph and Leona Arisman, Methodist I hospital. Prt?r and Willa Sanders. 3052 Cottage, Walter and Velma Scalf, 302 Soutn Temple. Arthur and Elsie Flinkinger. 2126 Hinggold. David and Lucille Barnhart, 624 North : Fulton. Chris and Katherine Showecker, 822 South West. George and Mildred Tillberry. 1507 West Ohio. Richard and Mary Fletcher, 2173 Hillside. John and Vernie Hudson. 511 North New Jersey. Roscoe and Margaret Turner. 1115 Harlan. Edmond and Pauline Strong, 2540 Columbia. Irvin and Marv Gividen city hospital. Hollis and Fredrica Clements, city hospital. Roy and Mabel Cron, city hospital. Samuel and Marv Butler, city hospital. Deaths Geroge W. June. 82. Edwards hotel, uremia. Joseph Kane. 64. city prison, coronary oc-lusion. Nora Toner. 50. 1228 Bradburv. mitral insufficiency. Heber Nathaniel McPherson 60. Long hospital, mitral stenosis. Everett Dunn. 44. city hcrpital. broncho pneumonia. Robert Lightfoot. 5. Riley hospital, hvpo'tatic pneumonia. Betty Joan Stevens. 1 mo.. Methodist hospital broncho pneumonia. Marv Stahlhut. 79. 422 Fulton, fracture of hip. Rr-? Klebes Fritz. 39. 437 Sanders, tuberculosis. Oliver P Bebinger. 68. Methodist hospital pericarditis. Jennie Williams. 61. 2543 Northwestern, acute cardiac dilatation Charles F Mir". 7. 2901 North Chester, broncho pneumonia. E'tel'a Hunt. 28 city hospital, peritonitis. Wilbur E Coolev. 74 2112 North Delaware cbionic myocarditis. Vote Scheduled Wednesday The Thomas amendment authorized the issuance of $3,000,000,000 in treasury notes to be retired gradually. The Patman-bill provides for an outright issuance of $2,400,000,000 of new currency.

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In the Air Weather conditions at 9 a. m.: South southwest wind, 23 miles an hour; temperature, 30; barometric pressure, 30.22 at sea level; general conditions, broken clouds, cloudiness decreasing; hazy; ceiling, i estimated 8,000 feet; visibility 6 i miles. BUILDING EXPENDITURES AGAIN SHOW INCREASE February Permits in 215 Cities 12 Per Cewt Above Last Year. By Times Special NEW YORK. March 12.—Building expenditures !n the United States, for the ninth consecutive month, showed an increase in February over the corresponding month a year ago, despite severe snows and cold. Permits issued in 215 cities during last month, according to a report by Dun & Bradstreet, Inc., totaled $19,215,309, a gam of 12 per cent over the $17,161,943 in February last year. The February figure, however, was 6.5 per cent under the January total of $20,561,018. New r York City itself was the only one of the 215 cities to show a decrease in expenditures, having the lowest total since January, 1931. Best showing during the month was made in the south Atlantic states, where many cities move than doubled their figures of a year ago. RECEIVER OF RAILWAY IS SUED FOR $30,000 Plaintiffs Allege Serious Injury in Auto Accident. Bowman Elder, receiver of Indiana Railroads, Inc., was made defendant in two suits demanding a total of $30,000 damages, filed Saturday in superior courts. Plaintiffs are Mrs fc Reba Brown and Mrs. Genieveve Walker, who allege that they were seriously injured when their automobile was struck by an Indianapolis-Muncie traction car at Thirty-eighth street and Sherman drive, Jan. 20. Mrs. Brown, driver of the car, seeks $20,000 and Mrs. Walker, a passenger, demands SIO,OOO, according to the complaints. FIRE DESTROYS FOUR HILLSBORO BUILDINGS $65,000 Biazi- Threatens Town's Business District. By Unit eel Press HILLSBORO. Ind., March 12Fire which destroyed four buildings in the Hillsboro business district Saturday night was estimated at $65,000 today. The blaze started in the office of the Hillsboro Lumber Company from an overheated stove and spread eastward to destroy the Eitner Drug Store, the Crumley Dry Goods store and the Osborne shoe repair shop. Fire departments from Crawfordsville, Veedersburg and Danville, 111., were summoned when it j seemed likely that most of the town would be destroyed. BISHOP TO SPEAK AT JOINT M. E. SERVICE Will Deliver Pre-Easter Sermon to Broadway, North Church Groups. Bishop Edward H. Hughes will be the guest speaker tonight at the pre-Easter services at the Broadway M. E. church. His subject will be “Why Does God Answer Prayers?’’ Members of the congregation of the North M. E. church will join in the services. The choir from the North church will sing. Gun Found on Negro, 16 Arrested after a shot was fired through a window of the Davidson grocery, 1430 East Raymond street Dehummon Collins, 16, Negro, 1533 East Raymond street, admitted that | a revolver found in his pocket had been taken from William F. Burns j 208 Indiana avennue, in a $35 holdup Jan. 25, according to police.

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 New York Indianapolis Chicago Montreal K 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

JMAECH 12, T 932

FUTURES SHOW ■ UNEVEN TONE IN LIGHTTRADING Major Grains Steady to Slightly Lower: Corn, Oats Drop. BY HARMAN W. NICHOLS United Pre Staff Corre<pondent CHICAGO. March 12 —There was nothing in the week-end news to attract the attention of the grain trade and prices had an easier tone at the opening of the Board of Trade today. Wheat deliveries were unchanged to '? cent lower: corn was % to % cent lower, and oats held % to % cent lower. Just how much the trade will be impressed by the prospect of silver legislation of an inflationary character was a matter of speculation among traders. The inflation feature has been conspicuous for its absence for some time and the trade is anxious to see whether this new inflationary move will have lasting effect. Chicago Primary Receipts Bushels. Todav Last Week. Wheat 345 990 282 000 I Corn 487.000 326.000 | Oats 75.000 115,000 Chicago Futures Range —March 12— W'HEAT— Prev. Hieh. Low. 10 00. close. ! Mav 87% 87'4 87 3 s ,87'4 I July .87 1 = .87 .87 .87 1 a I Sept .89 .881< 88% .88% I CORN— I May 51% .50% .51 .51% | July 53% .53 .53 .53% (Sept. 55 .54% .54% .55% I OATS— Mav 33% .33% .33% .34 I July 34< 2 .34% .34% .34% | Sept 34% .34% .34 1 - .34% RYE— May .. .59% .59% July .. .60% .61 % ■ (Sept. .. .63 .63 I BARLEY— May .. .. .46% ■July .. .. .48 1 CHICAGO CASH GRAIN By United Press CHICAGO. March 10.—Cash grain: Wheat—No. 3 hard, 86%c. Corn—No. 3 mixed. 50c: No. 6 mixed. 47c; No 2 yellow. 49® 49%c; No. 2 yellow, old, 50c; No. 3 yettow, 48%®49c: No. 6 yellow. 46c; No. 2 white. 51 %c: No 3 white, 50%c. Oats—No 2 white, 34%®35c: No. 3 white, 33%®34%r. Rve No sales. Barley—No sales; Quotable. 48® 81c. Timothv—s7,3sol 7.50 Clover—Seed $11®14.50 Cash provisions—Lard. $6.50: loose. 56.50; leaf, 56.50: S. Bellies. $8.12. TOLEDO CASH GRAIN By United Press TOLEDO. March 10—Grain close: (In elevators, t.ransti billing, i Wheat—No. 2 red 92%®93%c. Corn—No. 2 yellow. 55®) 56c Oat.? No. 2 white, 38%®39%c. Rye No. 2. 66 ® 67c. (Track prices. 28% rate.i Wheat—No. 2 red 89®89%c: No. 3 red, PB®BB%c. Corn No. 2 yellow. 51®51%c; No. 3 yellow, 49%®50%c% No. 4 yellow. 48% ® 49 1 -e Oats No. 2 white. 35®37c: No. 3 white. 34%®36%c. Seed close: Clover —March $8.25. Alsike—Cash. $8.50. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 80 cent* for No. 2 soft red wheat, utner grades on their merits Bond Prices (Bv Fenner k Beane i —March 12— High. Low. 10:30. Alleg Corp 5s . 'SO 30% 26% 29% Am&For Pwr 5s 2030 49% 49 49% AT&T db 5s '65 108 Atchison gen 4s '95 100 B&O cv 4%s '6O . ... 70% 69% 70 Beth Steel 5s A ‘42 109% Brazil 6%s (26i '57 30% C an Pfic 4s 57 79 ChMStP&Pad jSsA2OOO . 19% 19'.! 19% ChMStP&P rs 5s A '75 51% 51 % 51% Cons Gas NY 4% s '5 99% Denmark 5%s '55 94% 94% 94% Det KO 5s E -52 104 % Goodyear 5s '57 . 96% 96>i 96' 4 Gt Nor 4%s D 76 78% 78% 78% Gt Nor 7s A '36 99% 99 99% Int T&T rib '55 63% MeKess&Robb 5%s 'SO 72 Nat Dairy db 5%s '4B 90% NY Cent 4%s O 2013 . 79V 2 79% 79’2 Nor Am 5s '6l . ... 82% Penn RR 4%s D ’Bl . . 94% 94 94 Poland 7s '47 98 Shell Un Oil 5s '47 ... 96 Sin Cons 6%s B 38 . 104'% 104% 104% Texas Corp 5s '44 ... 102 101% 101% Un Pac Ist 4s 47 ... 102’% US Rubber ssh A ’47 . . 82 Yystwn S&T 5s B ’7O . 87% 86% 87% Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per toa is allowed > DOMESTIC RETAIL PRICES Anthracite $4 25 Coke, nut size 8.75 Coke, egg size 8."5 Indiana, forked lump 5 50 Indiana, egg 5 00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 825 Pocahontas egg 82$ 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 bin. NEW YORK COFFEE FUTURES —March 10— SANTOS High. Low Close. March 10.78 10 63 10 68 May 10.98 10.88 10 88 July 11.10 10.97 10 97 September 11.40 11.28 11 29 December 11.50 11.40 11 41 RIO January ... 8 69 March 8 28 Mav 8 43 8.41 8 41 July 8.61 8.49 8 49 September 8 68 8.57 8 57 December 8 65 8.64 8 64 Thief Gets SIOO and Whisky Breaking into the home of Samuel Pritz, 5734 College avenue, a thief ? last night stole a watch valued at SIOO and a pint of whisky.

Edward Boren Insurance Wine & Beer Bonds 408 Continental Bldg. LI-1508

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