Indianapolis Times, Volume 47, Number 308, Indianapolis, Marion County, 4 March 1936 — Page 13

Trends Curtailing* Education Is Flayed by Writer. BY JOHN T. FLYNN

NEW YORK, March 4—The balance-the -bud ge t wave which is now sweeping over the country has two elements in it. One is the demand to balance the budgets of nation, states and cities by raising more money in taxes to pay the bills. The other is th< demand to cut down government

expenses. Os course no defense can be made of government extrav ag an ce, either in times of plenty or depression. But under the guise of economy drives, all sorts of groups are function in g to paralyse important and essential government activities. One of the favorite spots for "economy” is in scnool ex-

Flynn

penditures. I do not, of course, know whether it is true or not, but teachers complain that in Kansas, for instance, where Gov. Landon’s budget-balancing is extolled so highly, there are teachers who receive as low as $350 a year. tt tt tt IN New York City the demand is being made that the expenditures be reduced by SIOO 0,000 and this, of course, it is hoped may be accomplished by reducing the salaries of men and women who already work for little enough and by cutting out all sorts of jobs in educational, cultural, recreational and welfare agencies. It would, of course, be a tragic mistake. One of the greatest investments this nation has ever made has been in the education of its people. Among the population there is really no demand for curtailing public education. That demand comes from those ever-busy real estate interests which fight educational outlays in season and out. Asa matter of the most elemen - tary justice, it would be a masterpiece of unfairness to deprive the children of this generation of the benefits of education, since, by our relief policies, we have created to date a debt of more than 14 billion dollars which we expect these children to pay when they grow to maturity, u n a To go on borrowing billions which we are saddling on them and then attempt to economize now at the expense of their education would be a piece of exquisite public selfishness. There is another aspect of this. In the current blasts against government spending, conservative agitators are trying to creat the impression that all the money paid by taxpayers to the Federal and local governments is poured down rat holes—wasted on a horde of tax eaters. This is a grave error. The per capita cost of all our governments —national, state, county city, etc. —is less than SBO. I challenge any one to name anything we buy and pay for which compares in value with what we get for this SBO apiece—building of roads, policing and maintenance of them, cleaning of streets, collection of waste, protection of health, fire protecti<#.i, policing our cities, education of our children, public playgrounds and parks, libraries, welfare agencies, hospitals, national defense, all the vast activities of the Federal government for the advancement and protection of commerce and agriculture, besides paying the costs of one of the greatest wars in history. Taxes are not an unmixed evil. (Copyright. 1936, by NEA Service, Inc.) On Commission Row (Quotations below subject to change are average wholesale prices being offered to buyers by local commission dealers.) FRUlTS—Strawberries: Florida, pint, 20c: 36-pint crates. 19c. Cranberries, C. C. Howes. Eatmorcs, 25-lb. box, $2.50. Pears: Washington D’Anjo (100s boxl, $3.25; Washington Bose (100-120s). $3.25: California, Avacado (200-245), $3.50. Grapes: Extra Fancy Emperors (34-lb. sawdust chesti. $3.50. Limes: Mexican carton 22c; Persian seedless (doz.). 45c. Dates: Fresh Arizona, $1.50. Bananas, seven hands, pound. s'ic. Apples: Delicious (fancy baskets). $150: Jonathans. $1.60; Grimes Golden. $1.25: Rome Beauty. $1.65. Lemons: Sunkist i36ost, $6. Graipefruit: Texas seedless is4s-80s). $3.75. Arizona Sunkist (80s). $3. Tangerines. Florida (120s. 1445. 168s), $1 75. VEGETABLES Artichoke. California (doz.), $1.15: Beans, green round stringless (hampers). $2.75. Beets: Texas (3 <ioz. crate). $1.50: cut offs ibu.). sl. Brussels Sprouts. California (lb.). 18c. Cabbage. New York Danish (50-lb. bag). 90c; New Texas (crate). $2.15. Red Cabbage (50-lb. bag), $2. Carrots, California (6 doz. crate), $2.25. Texas (3 1 2 doz. crate). $1.65 (bushel). $1.65 Cauliflower, California (12s crate), $1.75. Celery, Florida washed and trimmed (doz.), 45c® 90c, Florida (4s, 6s. Bs. 10s crate). $3.25. Cucumbers, hothouse )doz., $1.25; (southern bushel), $6. Egg plant, Florida (doz.). $1.50. Kale (Virginia bushel), 85c. Lettuce. Iceberg Arizona ibest 4s. ss), $3.25; home grown leaf (15-lb baskets), 75c. Endive. California idoz.). 90c. Peppers, mangoes (crate). $6.50; peck basket. $1.65: (doz.). 45c. Mint, hothouse idoz), 75c. Mushrooms (pounds). 30c. Mustard, Texas (bunch). 75c. Onions— Indiana yellow 150-lb. bag). $1.25; Indiana yellow (10-lb. bag), 28c: Western Spanish 150-lb. bag). $1.75. Oyster plant, home grown idoz.), 40c. Parsley, southern (long punches doz.). 45c. Parnips. home grown washed (bushel), $1; (half-bushel), 60c. Peas. Florida (hamper). $2 50. Potatoes. Michigan Round Whites HOO-lb. bagV $1.75, Main Green Mountains (100-lb. bag), $2.25; R R. Early Ohios (100-lb. bag). R, R. Cobblers (100-lb. bag), $l9O, Idaho Russets (100-lb. bag, $2 35: Idaho bakers (70s box). $2.50: Col. McClures. 100lb. bag). $2.10: New Texas Triumphs (50lb. bag), $2.15. Sweet Potatoes. Indiana Jerseys (Is bushel), $1.50; medium (bushel), $1: Tennessee Nancy Halls (hampers). $1.15; Southern Puerto Ricans (bushel crate). $l5O. Radishes. home grown buttons idoz.). 45c; white. 40c Rhubarb, hothouse (bunchi. 50c Rutabagas. northern 150-lb. bag). 85c. Sage (do*.), 45c. Shallots. l.ot-' na (doz ). 45@50c. Spinach. N- „s (bushel). *1 Turnips, home c .shed ibushel), $1.50. Tomatoes ..ed (10-lb. box), $1.60; original f . <3O-lb. lug), $3. FRITZ- and VEGETABLES tflv United Press) CHICAGO. March 4,—Apples—Michigan Mclntosh, bushel. 75cit $l5O. Carrots— Illinois, bushel, 354/40c. Sweet potatoes— Tennessee, bushel, 85m 90c. Beans—Florida bushel. s2o| 3 75. Cabbage—Texas, crates. $1,254? 1 50 P as—California, bushel hampers $2,654/2.75. Spinach—Texas, bushel 50c,) 90c. Lettuce—Western crates. 5 doz ! $2 253? 2.75 Celery.—Florida, crates. s2® 3, Cauliflower—California, crates Stiff 1 35 Tomatoes—Mexican lugs, $34/3.75. Onion market )50-lb. sacks), western Valencias 70c: Illinois yellows. 504190 c: Michigan yellows, 574?90c: Indiana vellows, 504/90c; California whites, $1.65(8! 1.75. Chicago Grain Futures (By James E. Benr.ett A* Cos.) . 11:00 Prev. Wheat— High Low. AM. Close. May 1 00’, 1.003, l 00% 100 s * July 90 s , .89 s , 89 s , .89 s , Sept 89 s , .88', .88 s , .89 CornMay 61', ,61 .61', .61 July 61', .61 .61', .61 Sept. 61', .60% .61 .60 s , Oils— May 28 s , 28 s , .28 s , .28 s , May 57% 57', .57V, .571, July 57 .57 .57 .56 s , LOCAL CASH MARKET City grain elevators are paying 96 cents for No. 2 soft wheat Other grades on thetr merits Cash corn new No. 4 yellow 60 cents sad oats 31 cent*. k ; '

MOST BIG UNITS IN STEEL TRADE CUT OEBT COSTS Reduced Refunding Rates Involve Indebtedness of $394,762,000. BY W. lAN MACK Times Special Writer NEW YORK, March 4.—Although more laggard than most industries in the recovery movement, the steel industry, has taken advantage of the prevailing easy money market conditions to refund high coupon obligations with low interest-bear-ing securities and to provide for plant expansion and betterment programs through the medium of new capital financing, a survey today disclosed. Os the $960,672,296 financing—refunding and new capital—undertaken by general industry in the 13month period ended Jan. 31, last, $381,880,025, or 39 per cent, was accounted for by that basic trade. Only one other line—oil refining—made public offerings approximating as much as 34 per cent of the steel industry’s total, with an aggregate, exclusive of privately 7 placed issues, of $141,808,750 in the period. $175,762,000 on Way All major units in the steel line with the exception of the United States Steel Oorp. have completed refunding and new capital programs or have such projects in contemplation. Those in the offing involve approximately $175,762,000, represented by $35,000,000 for Wheeling Steel Corp., $10,800,000 for Otis Steel Cos., $45,000,000 for Jones & Laughlin Steel Corp. and $84,962,000 for Youngston Sheet and Tube Cos. Previously undertaken, publicly or otherwise, were actual refunding deals, embracing moderate sums for new capital purposes, for a total of $219,000 000. Os this amount, $55,000,000 was accounted for by the Bethlehem Steel Corp., $50,000,000 by National Steel Corp., $69,000,000 by the Republic Steel Corp., and $45,000,000 by the Inland Steel Corp., of which $10,000,000 were placed privately. Savings at $3,270,000 Savings resulting from these operations are indicated in the neighborhood of $3,270,000 annually, an amount equivalent to 25 per cent of the indicated net earnings of the entire industry for 1935, at approximately $13,000,000. Estimated savings by individual companies on completed or projected refundings follow; Inland Steel $400,500 Jones & Laughlin 64,770 Youngstown Sheet and Tube 849,620 Bethlehem Steel 392,622 Otis Steel 162,000 National Steel 372,215 Republic Steel 676,878 Wheeling Steel 63,081 Earnings Bolstered A concomitant of the refunding operations will be the adidtion to per share earnings of the various companies of amounts ranging from a few cents a share in the case of Bethlehem Steel, provided preferred dividend requirements are covered, to more than 60 cents a share with respect to Youngstown. Moreover, they provide the Industry with an overhead reduction of about 10 cents a ton on the basis of last year’s ingot production of 33,400,000 tons. Little financing, if any, other than those already effected or contemplated appears to be in prospect for the industry during the present year. Numerous observers, however, imply that a relatively large new capital issue might be placed on the market by the Steel Corp., with moderately sized deals probable in the event small units in bankruptcy are reorganized. In the latter cases, proceeds from new issues would be used for modernization and working capital purposes. Investment Trusts (By Thomas D. Sheerin & Cos.) Bid. Ask. Administered Fund 2nd. $17.16 $18.26 Affiliated Fund, Inc 1.96 2.14 Amer General Equities 1.12 1.15 Amer Business Shares 1.18 1.29 Bullock Fund. Ltd. 17.85 19.37 Century Shares Trust 28.75 30.47 Collateral Tr Shares “A" ... 6.60 . ... Cor "AA" or "Accum ' (Mod) 3.32 3.36 Cor •A" or “AC’C” (Unmodi 266 2.69 Sorp Tr Shares (Origt ... 2.82 2,86 Diversified Tr Shires “8“... 11.00 . Diversified Tr Shares "C”.... 4.56 4.60 Diversified Tr Shares “D” 6.75 6.85 Dividend Shares. Inc 1.67 1.80 Incorporated Investors 22.80 24.46 ‘lnvestors Fund Amer 1.08 1.18 Market Street Invest Corp.. 31.72 33.38 •Maryland Fund 19.30 20.84 Massachusetts Investors 25.73 27.97 Nation-Wide Sec Cos “8''.... 4.75 Nation-Wide Voting . .. 1.75 1.91 North American Tr Shs 1955.. 3.35 3.38 North Amer Tr Shs 1956 ... 3.31 3.34 North Amer Tr Shs (Orig)... 2.62 ..... Quarterly- Income Shares .... 1.59 1.72 Representative Trust Shares 12.53 12.68 “Selected Amer Shares. Inc.. 1.58 1.73 Selected Amer Sh lOrigi. .. 3.66 Selected Cumulative Shares.. 9.33 9.43 Selected Income Shares .... 4.95 5.05 State Street Invest Corp 98.50 103.00 Super-C'orp of Amer “AA”.... 2.81 2.84 Super-Corp of Amer "8”.... 2.84 2.87 Super-Corp of Amer "A”.... 4.17 4.22 Super-Corp of Amer “B”. . 437 4.42 Sv.per-Corp of Am “C” & “D” 8.08 8.16 Supervised Sh. Inc (Dela) .. 1.69 1.85 Trustee Stan Oilshares “A”.. 7.60 7.70 Trustee Stan Oilshares “B”.. 6.72 6.82 Trustee Stan Invest “C“ 2.99 3.02 Trustee Standard Invest “D” 2.92 2.96 Universal Trust Shares .... 4.25 4.33 Uselps “A” 18.65 19.00 Uselps “B” 2.90 Uselps Voting 1.12 •Ex-dividend. Unlisted Stocks ißy Blyth & Cos.) NEW YORK BANK STOCKS Bid. Ask. Bankers' 65% 67% Central Hanover 115 116% Chßs 40 s * 42 s * Chemiccl National 59 s * 61 s * Guaranty 296 299% Irving 16 s * 18 s * Manufacturers 47 s * 48*2 National City 36* t 38% Cont 111 Chicago 165 168'* First National Boston 47'* 48 s * National Shawmut 27'* 28 s * FIRE INSURANCE Aetna Fire 61 63'* American Ins of Newark 16'i 18'* Baltimore American 9>* 10 s * City of New York 30>* 32>2 Federal Ins 55 58'* Franklin Fire 33'* 35'* Great American Ins 32% 33 s * Hanover Fire Ins 40'* 42'* Hartford Fire Ins 85 87% Home Ins 38'* 39 s * National Fire 81 s * 84 Ins Cos of A 77*2 79>2 National Liberty 10 s * 12'* National Fire 81 s * 84 Phoenix 99 100 s * U S Fire 57 59 s * Westchester Fire 38% 40 s *

BUY A HOME WITH A LOAN FROM A LOCAL Building & Loan Assn. 7— 111

Abreast of The Times on Finance

New York Stocks

(By Thomson & McKinnon) 11:30 A M. Prev. Oils— High. Low. N. Y. close. Amerada 92'* 92'* 92'* 91 s * Atl Rfg 33 s , 33 s * 33'2 33% Barnsdall 17‘2 17'. 17'. 17'* Consol Oil 14 s , 14 s , 14 s * 14'2 Cont of Del 37'* 37 37'* 36 \ Houston mew).. 11 s , 11 s * 11 s * 11 s * Mid Cont Pet 20'* 20'* 20 s * 20'* Onio Oil 16 s * 16'2 16'2 16 s , Pet Corp 17 s , 17V* 17 s -* 17 Phillips Pet 44', 43 s * 43 s * 43 s s Plymouth Oil ... 14 s , 14V, 14 s , 14' 2 Pure OH 23% 23% 23 1 , 23'/, Seaboard Oil 37 s * 37 s , 37 s * 37 V Shell Un 18 s * *B% 18 s * 1C S .(, Soc Vac 16 15% 15 s , 16 SO of Cal 45% 45 s /* 45%. 45% S O of Ind 38% 38'* 31% 38% 3 O of N J 62 61 Va 62 61'/, Texas Corp 38 s * 38% 38% 38% Tidewater Assn. 18 s , 18 s , 18% 18% Un Oil of Cal... 27'% 27'/, 27% 27 Steels— Am Roll Mills... 32'/* 32'/, 32% 32 Beth Steel 59% 59 Vi 59% 59 Byers A M 23'% 23% 23 % 23'/, Cruc Steel 39'/a 39 V* 39% 39% Inland Steel ... 114 114 114 113 Ludlum Steel ... 32% 32% 32% 32% McKeesport Tin. 110% 110% 110% 110% Mid Steel 40 39% 40 39% Natl Steel 67% 67V* 67% 66% Otis Steel 20% 20% 20% 20% Rep Iron & Stl. 26'% 25% 25% 25% U S Pipe & Fdy 36% 36V* 36% 35% U S Steel 67'% 66% 66% 66% U S Steel pfd. 130 130 130 130 Youngst’n S& T 53% 53'% 53'% 53% Motors— Auburn 49% 48% 49% 47% Chrysler 100% 100 100% 100'% Gn Motors ... 63 62% 62% 62% Graham Mot .... 4'% 4% 4% 4(4 Hudson 19 18% 18% 18% Hupp 33 33 Mack Truck ... 36 36 36 36 Nash 21% 20% 20 s /, 21'/, Packard 12V, 12 12 12V, Rco 7'% 7% 7% 7% Studebaker 14% 14V* 14'% 14% Yellow Truck .. 18'/, 17V, 17% 17% Motor Truck— Bendix 25V, 25% 25% 25'% Bohn Alum 59% 59Va 59% 58% Borg Warner ... 83% 83'% 83'% 82% Briggs 62% 62% 62% 62% Budd Mfg 14% 13% 14 13'% Budd Wheel ... 13% 13V* 13% 13 Eaton Mfg 33V* 33 33V* 32'% Elec A lit-) Lite .. 43% 43'% 43% 44 Elec Bjr Bat-.. 53 53 53 52% Greyhound “B” 70 70 70 69'% Houdaiilc 33 32% 33 32 Murray .Tody .... 21'% 21% 21'% 21V4 Stew Warner .... 21% 21'% 1% 21% Timken Rol 69% 69% 69% 69'% Timken Det Axle 17V, 16% 16% 17 Mining— Alaska Jun ... 15 s /, 15% 15% 15'% Am Smelt 70 69'% 70 69 Anaconda 35 s /, 35'% 35% 35% Cal & Hecla ... 87, 8% 8% 8% Cerro De Pasco. 51% 51'% 51'% 51'% Dome Mines 47% 47% 47 s , 48 Gt Nor Ore .... 20% 20% 20% 20% Howe Sound .. 55'* 54% 55 V* 54% Ins Copper 11% 11% 11% 11'% Int Nickel 51% 51 51 51% Isl Creek C0a1... 29 29 29 28% Kennecott Cop.. 39 387, 38% 38% Mclntyre Mine.. 43'% 43'% 43'% 43'% Park Utah .... 4'% 4% 4'% 4% Phelps Dodge ... 36% 36% 36% 36'% St Joe Lead ... 29% 29Vs 29V, 29V* U S Smelters... 87V* 87% 87’% 87'% Vanadium 25'% 25'% 25'% 25V'4 Amusements— Fox Theat 31% 317, 31% 32 Loews Inc 49'% 49'/* 49'% 49'% Radio Corp ... 13 s % 13% 13% 13% Paramount 10'% 10% 107, 10% RKO 8% 8% 8% B'% Warner Bros ... 13’% 137, 13% 13V, Tobaccos— Am Snuff 65 65 65 64% Am Tob “A” 95V4 05 95 96 Am Tob “B” 96'% 96% 96% 97% Ligg & Myers B 1067* 106 106 1 06'% Lorillard 23 5 /, 237 k 23% 23'% Philip Morris ... 73 73 73 73'% Reynolds Tob B 557 k 55% 55% 55% Rails— Atchison 767 k 76 767, 76 Atl Coast Lines. 32 32 32 32% B& O 22% 22'% 22'% 227, Can Pacific .... 147'* 147, 147, 14% Ch & Ohio 59 s * 59'% 597* 59'% Chi & Gt W pfd 7 7 7 7 C M & St P ... 2% 2'% 2'% 27, c M & st P pfd 57k 5% 57a 5 Chi N W 4% 47k 47a 4% Dela & Hud ... 48'/* 48Vi 48'/* 48V* Del Lac & W ... 21 207a 207, 20'% Erie 16'% 16'% 16'% 157, Gt Northern pfd 42 41% 42 42'% 111 Central 26% 257 k 26’/* 26 K C Sou 22'% 22 >% ?2% 23'% Lehigh Valley .. 127, 12% 12% 12% M K & T 8% 87, 87k 87k M K & T pfd... 24 24 24 27 Mo Pac pfd ..7 7 7 7 N Y Cent .... 38'% 38% 38% 38% N Y New Haven 5 5 5 5 N Y Ont & West 67k 6% 67k 6% Nor Pacific 337 k 33% 337 k 33'% Pun R R 36 357 k 335/,5 5 /, 36’,i Reading 46 45 V* 45 V* 47 Sou Pac 367, 367 k 367 k 36'% Sou R R 19 187, 187 k 187* Union Pac 1327 k 1327 k 1327 k 132 Wabash 4 V* 4% 4% 4% Equipments— Am Brake Shoe 50'% 50'% 50'% 507 k Am Loco 35 35 35 34'% Am Stel Fdy .. 317* 317* 317* 32V* Bald Loco 57k 57k 57k 57k Gen Am Tk Car 58 58 58 57% Gen Elec 41% 407* • 40’% Gen R R Sig ... 46 46 46 46 Pullman Inc ... 4874 477 k 487* 487 k West Air Br 48 4b 48 48 V, Westingh Elec .12174 121V* 121V* 120% Utilities— Am Pwr & Lit. 97k 97k 97k 97k A TANARUS& T 175'% 175 175 1747 k Am Wat Wks .. 24 23'% 237* 23% Col Gas & Elec 1874 18'% 18% 18'% Comm & Sou .. 3’% 37s 37k 37a Consol Gas .. . 35% 35 35 35V, Elec Pwr & Lit 107 k 1074 1074 10% Int Hydro Elec . 37k 37a 37k 37, Int TANARUS& T 18'% 187a 187 k 18'% Nat Pwr & Lit. 11 11 11 117 k North Amer 28'% 287 k 28'% 28 Vi Pac G& E 34% 347* 3474 347* Pub Serv N J .. 43'% 43'% 43'% 437, Stone & Web 16% 16V* 16% 16 United Corp ... 7V* 7V* 7V* 7% Un Gas Imp ... 16% 167 k 167 k 167 k West Union .... 9374 9374 937* 92'% Rubbers— Firestone 31 31 31 31 Goodrich 19'% 19'% 19'% 19V4 Goodyear 28'% 28% 28'% 28'% U S Rubber pfd. 59 5 /, 597, 597 k 59'% Miscellaneous— Allis Chalmers . 46V* 457 k 46% 46 Am Can 1277* 127% 1277* 1267 k Anchor Cap 24% 24% 247, 2374 Brklyn Man Tr.. 45% 45% 457, 45 Burroughs Add.. 30V* 30% 30V* 30Vk J I Case 124 123 124 1237* Conti Can 82 8174 817, 81'% Deere & Cos 73 73 73 73'% Eastman Kodak. 167'% 167'% 167'% 167 Gillette 17% 17% 177* 1774 Glidden 507 k 507, 507a 50% Int Bus Mach . 177 177 177 176 Inter Harv 70 6974 70 69'% Natl Cash Reg.. 2874 28% 287, 28% Owens Bottle ... 163 163 163 163 Rem Rand 23 23 23 23 Underwood E ... 91 91 91 91 Worthingt’n P.. 3274 32'% 32'% 3174 Foods— Am Sugar 60 60 60 59% Armour 6'% 6'% 6'% 6% Beatrice Cream. 20 20 20 20 Borden Prod. .. 29 29 29 2874 Cal Packing ... 34% 34% 34% 34% Cont Bak “A”.. 18 s , 18% 18 s , 18% Corn Prod 77 % 77 77V* 767 2 Crm of Wheat .. 36% 36% 367, 367* Cuban Am Sugar 13V* 13 13 13 Gen Foods 34', 34 34 33 s , Gold Dust 20% 20% 20% 20% G W Sugar ... 36%335,6 5 , 36% 35% Natl Biscuit ... 34% 34 34 3374 Natl D Prod ... 24% 24% 24% 24V* Purity Bak .... 15 s , 157, 15 s , 15'/* Std Brands 16% 16% 16% 16% Un Biscuit 24% 24 s , 24% 24% United Friut ... 73% 73% 73% 73% Retail Stores— Allied Stores ... BV2 8% 8% BV2 Assd Dry Goods . 17% 17V, 17% 17% Best & Cos. .. 52 s , 5274 52% 52% Gimbel Bros. .. 9% 974 9% 9 Kresge S S 23% 23% 23% 23% Kroger Gros .... 25% 25 25% 25% Macy R H 49 48% 49 48% McLellan St 14% 14% 14% 14 Marshall Field .. 18 177* 18 17% May Dupt St .. 50 50 50 50 Mont Ward 40 s 4 40% 40% 39 5 /, Natl Tea 10% JC% 10Vk 10% Penney J C 74 7*% 74 73% Sears Roebuck.. 64% 64% 64% 64% Woolworth 52 s * 52 s , 52% 53 Aviation— Boeing Aircft .. 24 23 s , 23 5 , 23% Curtiss Wright .. 6% 6 s , 6% 6 s , Curt Wright “A” 17% 17% 17% 17% Douglas Air ... 73% 72% 72% 71 s , Nor Am Av .... 8% Bs,8 s , 8% 8% Sperry Corp ... 21% 21 s , 21 s , 21% United Air new. 29% 29'- 29% 29

I INCORPORATED INVESTORS —an investment in common stocks— Founded 1925 in Boston, Mass. Presp.ectus, latest quarterly report and other information available at our office Indianapolis Bond and Share Corporation 129 E. Market St. Indianapolis Riley 4551

WEDNESDAY, MARCH 4, 1936

Chemicals— Air Reduction. .183% 182 183% 183 Am Com Alcohol. 30 s * 30 s * 30 s * 30% Col Carbon ... 104% 104% 104% 104 Com Solvents .. 23 22 s , 22 22 s , Du Pont 147'* 147 147 145% Math Alkali .... 35% 35% 35% 35% Monsanto Chem 100 100 W 0 100% Natl Dis (new) . 31% 31% 31% 31 Schenlev Dist .. 51 % 51 51% 49% Tex Gulf Sulph. 38 37% 38 38 Union Carbide.. 85 84% 85 88% U S Ind A1c0... 46Vi 45% 4674 45 s , Drugs— Lambert 25% 25% 25% 25% Lehn & Fink . . 13 s , 13% 13 s * 13% Sterling Prod .68 68 68 67% Un Drug (new). 14% 14% 14% 14% Vick Chem 43 s * 437* 43% 43% Zonite Prod 8 1 /, 8 87* 8% Financial— Adams Exp 13% 13% 137 k 137, Allegheny Corp.. 4 4 4 4 Am Int Corp 12 12 12 12 Chesa Corp .... 70 70 70 69 Lehman Corp ... 99% 99% 997 k 100 Transamerica .. 14% 14% 14% 147 k Tr Conti Corp .. 11V, 11 Vs ll'/s 11 Building— Am Radiator.... 23 5 , 23 5 , 23% 23 s * Gen Asphalt 33% 33 % 33% 34% Int Cement ... 46% 46% 46V* 45% Johns Manville 125% 125% 125% 124% Libby Owens Gls 60% 60V* 60V* 607, Otis Elev 31% 31% 31V* 31% U S Gypsum 108% 108 s * 1087 k 109 Household— Col Pal Peet ... 18% 18% 18% 18 s , Kelvinator 19% 19% 19% 19 s * Proc & Gamble. 46 5 , 46% 46 5 , 46% Servel Inc 19% 19 19V* 19 Simmons Bed... 267* 26% 267* 25% Textiles— Amer Woolen .. 10% 10% 107* 10% Belding Hem ... 157, 15% 15 s , 157, Celanese Corp .. 29% 29V, 29V, 29V, Collins Alkman-. 46 s , 46% 46V 2 46 Indus Rayon ... 30 s , 30V* 30V* 30'/* Chicago Stocks (Bv Abbott. Proctor & Paine) 11:00 Prev. A. M. close. Berghoff 10% 10% Butler Bros 107 k 107* @J D Adams 17 17% Chicago Corp 6 6 Cities Serv 57k 5% Com Edison 103 103 Conti Steel 407, 40% Cord 6% 6% Crane 27V* 277, Elec House 16 16% Gen House 47, 4 Grt Lakes Dredge 2974 30 Vi Libby 97, 10% McGraw Elec 307 k 307 k Noblitt Sparks 34% 34% Swift 24 237 k Swift Int 33V* 33Vi Zenith 18 Vi 18 V 4 New York Curb (By Abbott. Proctor & Paine) 12:30 a.m. Prev. N, Y. close. Alumn Cos of Am . .147 141 % Am Cyanide IB) 377 k 377, Amer Superpower 27k 27k Axton Fisher Tob 537 k .• • Carrier Corp 1174 11% Creole Petrol 317, 31% Elec Bond and Share 187 k 18'% Fisk Rubber . 8 8 Ford of Can (A) 27 s , 27% Ford of Europe 974 9V* < Lake Shore Mines 57 57 Niag Hudson Power 9% 10 Pan-Amer Air 65 66 Root Pet 1074 lOV4 Salt Creek 87k 87k St Regis Paper 574 5V* Stutz 2>/k 2 V, Money and Exchange INDIANAPOLIS STATEMENT Clearings $2,650,000 Debits 6,227,000 TREASURY STATEMENT (By United Press) WASHINGTON, March 4.—Government expenses and receipts for the current fiscal year to March 2, as compared with a year ago: t This Year. Last Year. Expenses $4,781,964,921.16 $4,546,963,798.08 Receipts.. 2,364,021,675.45 2,273,011.795.63 Deficit .. 2,417,943,245.71 2,273,952.002.45 Cash bal. 1,760,362,248.72 2,057,943,959.62 Local Livestock HOGS Feb. Bulk. Top. Receipts. 27. $10.55(3)10.65 $10.65 2000 28. 10.554/'10.65 10.65 5000 29. [email protected] 10.75 1000 March. 2. [email protected] 10.75 6000 3. 10.65(3.10.75 10.75 4500 4. [email protected] 10.90 4000 Light Lights (140-160) Good and choice $ [email protected] Medium [email protected] (160-180) Good and choice.. 10.75(3 10.90 Medium [email protected] GBO-200) Good and choice.. 10.75(3 10.90 Medium [email protected] (200-220) Good and choice.. [email protected] (220-250) Good and choice.. [email protected] Heavyweights (250-290) Good and choice.. [email protected] (290-350) Good and choice.. [email protected] Packing Sows (275-350) Good 9.10@ 9.35 (350-425) Good 9.00@ 9.25 (425-550) Good 8.75(3! 9.10 (275-350) Medium 8.50@ 9.00 Slaughter Pigs (100-140) Good and choice.. 9.15® 9.90 Medium 8.15@ 9.40 CATTLE —Receipts, 1500— (550-900) Choice $ [email protected] Good 7.75@ 9.75 Medium 6.50@ 7.75 Common 5.25@ 6.50 (900-1100) Choice [email protected] Good 8.254/10.00 Medium 6.503 8.25 Common 5.25@ 6.50 (1100-1300) Choice [email protected] Good 8.25(310.50 Medium 6.75@ 8.25 (1300-1500) Choice [email protected] Good [email protected] Heifers (500-750) Choice 7.50® 8.75 Good 6.75® 7.50 Common and medium 5.00® 6.75 (150-900) Good and choice... 7.00® 9.00 Common and medium 5.25® 7.00 Cows Choice 6.50@ 7.00 Go'.d 5.50® 6.50 Common and medium 4.75® 5.50 Low cutter and cutter 3.50® 4.75 Bulls, good 6.50® 7.25 Cutter, com. and med. bulls.. 5.00® 6.50 VEALERS —Receipts, 700— Good and choice $ 9.00® 9.50 Medium 6.50® 9.00 Cull and common 4.00® 6.50 Calve, (250-500) Good and choice... 7.00@ 9.50 Common and medium 4.50@ 7.00 Feeder and Stocker Cattle (500-800) Good and choice.. 6.50® 7.50 Common and medium 5.00® 6.50 (800-1050) Good and choice.. 6.50® 7.50 Common and medium 5.00® 6.50 Cows Good 4.50® 5.00 Common and medium 4.00® 4.50 SHEEP AND LAMBS —Receipts. 500— Lambs, 90-lbs. down, good and choice $ 9.50® '• ’ Good 9.00® 9.50 Medium 8.50® 9.00 Common 7.00® 8.50 Ewes. (90-175) Good and choice.. 4.00® 5.00 Common and medium 3.00® 4.00 Yearling wethers, good choice 8.25® 9.00 Medium 7.00® 8.25 S. E. C COUNSEL RESIGNS Times Special NEW YORK. March 4.—E. B. Conway has resigned as senior counsel for the securities and Exchange Commission at the regional office in New York, where he has been in charge of interpretation of the commission's regulations, to become associated with the investment banking firm of F. Eberstadt & Cos., Inc., it was announced today.

HOUSE BUYING ON INSTALLMENT PLANFORESEEN New Method Is Considered by U. S. Housing Experts. By United Press WASHINGTON, Mifrch 4. The American house owner will be able to buy his home on the installment plan like an icebox or a vacuum cleaner, if anew method being con-

sidered by housing experts materializes. A system is being worked upon by Jesse H. Jones, chairman of the Reconstruction Finance Corp. The idea was first suggested to President Roosevelt. Mr. Jones was instructed to develop the plan. Although it is believed that no

Jones

new legislation will be needed to push it through, Mr. Jones said he has just begun consideration and that nothing definite has been agreed upon. The Administration's housing plans have neared completion with the pending report to the President by Peter Grimm, Treasury housing expert and special assistant to Secretary Henry Morgenthau Jr. Mr. Grimm has announced he will resign as soon as he has completed the report. Slum Clearance Stressed The most discussed problem now facing government experts is that of slum clearance. Disagreement has developed between Treasury officials, the RFC and other housing advocates over the method of financing such projects. The disagreement arises about the percentage the Federal government should contribute in order to support such construction. It is granted that 45 per cent must be allowed by governing agencies in order to take care of the lowest earning group who are to be provided for at $5 to $6 a room. Others favor Federal grants up to 70 per cent. Construction Awards Gain Housing has already been spurred upward by the FHA, which can loan up to 80 per cent on projects; by the HOLC, and by the RFC, which recently entered the mortgage business. Treasury officials announced construction contracts had increased 122 per cent last January over the same 1935 month. Residential building almost doubled during last year. Gains were registered in every type of building indexed except factory, it was recorded. At the same time, however, prices of building materials have increased slightly, causing concern. FAY ROLLS AND JOBS SHOW SMALL GAINS State Employment Service Lists February Data. Increased pay rolls and employment in state manufacturing industries during February have been reported by Martin F. Carpenter, director of the Indiana State Employment Service. Manufacturing employment increased .2 per cent and pay rolls rose 1.7 per cent during the month, Mr. Carpenter announced. Severe weather conditions prevented the usual seasonal gain in employment, he added. Employment in state manufacturing industries was 8 per cent greater than that of February, 1935, however, and pay rolls were 15.3 per cent higher. The tobacco industry, which boosted pay rolls 64.6 per cent and increased employment 27.2 per cent, showed largest gains, Mr. Carpenter said. RESIGNS OIL POST Times Special CHICAGO, March 4.—George S. Rollins has resigned as vice president of the Shell Petroleum Corp., with headquarters at Tulsa, Okla., it was announced today. He will be succeeded by A. J. Calloway, who has been connected with the Shell Corp. at St. Louis. NEW PRESIDENT NAMED Times Special NEW YORK. March 4.—Directors of the International Hydro-Electric System have elected Irwin L. Moore president, to succeed A. R. Graustein, resigned, it was announced today. William A. Hanway was elected vice president and a director.

OB PERSONAL SECURITY... SIGNATURE Lowered Rate on LOANS over SIOO 10% Refund in CAS H when you pay prompdy. Equal Monthly Payment/. RIEL PARKING in LoT*cm7 tht rtrnt Ask Attendant ! Ground Floor TT~rr??KT|k Medical Arts ! Building ( {.Michigan 7 Riley "'Striet p' t, h { j , *

New York Bonds

(Reprinted From I-ate Time, Yesterday) DAILY BOND INDEX 20 20 20 60 Inds Rails Utls Bnds Todav 92.7 93.8 105.0 97 2 Yesterday 92.6 93 4 105.1 971 Week ago 931. 94.2 104 8 97.3 Month ago 92.7 91.3 105.2 96.4 Year ago 86.7 79.1 94.6 86.8 1936 High 93.4 95.6 105.5 97 9 1936 Low 91.6 84.7 103.5 93.3 (Copyright, 1936, by Standard Statistics) U. S. GOVERNMENT BONDS (By Abbott. Proctor & Paine) Treasurys Prev. Close, close. 4S 1944-54 112.14 112.12 3%s 1946-56 110 21 3% 1940-46 108.16 108.16 3%s 1943-47 107.19 107.14 3*s 1943-45 10 106.30 3%s 1941 . 108.29 108.25 3>*S 1944-46 106.22 106.20 3%s 1946-49 105.1 104.27 3%s 1949-52 104.30 105 3s 1951-55 103.20 103.19 3s 1946-48 104.5 104 3 2%s 1955-60 101.6 101.2 2%s 1945-47 102.75 102.5 Home Owners Loan Corp. 2 5 is 1949 101.3 101.3 3s 1952 102 3 102.6 Federal Farm Mortgage Corp. 3s 1949 102.14 102.13 3s 1942-47 103 103 2%s 1947 101.20 101.14 DOMESTIC Prev. Close. close. Alleg Corp 5s ’44 93% 93 Alleg Corp 5s ’49 89% 89% Alleg Corp 5s 'SO 77'* 77 % Am Frgn Pow 5s 2030 80',* 80 Am Tel & Tel 5%s ’43 114 114 Am Tel & Tel 5s ’65 114 114 s , Arm & Cos (Del.) 5%s ’43 97% 97% Atl Coast Line 4s ’52 98 s * 99 Atl Coast Line 4%s ’64 86% 86'* Am Wat Wks 5s '44 112 113% Am Rolling Mills 5s ’3B 127 s , 127% Balt & Ohio 6s ’95 97% 96 s * Balt & Ohio 4%s ’6O .. 75% 75 s * Buff Roch & Pitt 4%S ’57 81 s * 81 s * Beth Steel 4t*s 60s 105 s , 105 s , Chi Milw & St P Ps ’75 22% 22% Chi Milw &St P 5s 2000 .... Bs,8 s , 8% Cleve Un Term 5s '73 106% 105 s * Cleve Un Term 4%s '77 99% 99% Col Gas 5s May ’52 103 102 s * Col Gas 5s ’6l 101% 102% Can Pac Perp 4s 93% 92% Cent Pac 5s ’6O 97 97% Big Four 4%;- ’77 90 s * 91 Colorado & St 4%s 'BO 75% 75% Chi & West Ind 4s ’52 103% 103 s , Chi & West Ind 5%s '62 107V* 107(4 Chi & Nor West 4%s ’49 .... 15Vi 15% Con Gas 5s ’57 105 104’/* Chesa Corp 5s ’47 133% 131'* Del & Huds 4s ’43 101(4 101 (k N Y Dock 4s ’sl 72% 72% N Y Dock 5s '3B 71 71% Erie 5s '75 81% 86% Erie 5s '67 81% 81 Gen Cable 5%s ’47 105 105 Grt Northern 7s ’36 102 102'/, Grt Northern 4%s ’76 103 103% Grt Northern 4%s ’77 103'/* 102 s , Hud & Manhat Ref 5s ’57 .... 86’/* 86% 111 Cent 4%s ’66 79 78% 111 Cent Jt 4%s ’63 82% 82% 111 Cent 5s ’63 87% 87% rnterlake C & I 5s ’sl 96% 95V, Interntl Hy Elec 6s ’44 54'/* 53% Interntl Tel & Tel 4%s ’39 ... 96 96% Interntl Tel & Tel 5s ’55 90% 90% Interntl Tel & Tel 4%s ’52 ... 85 s , 86 P Lorillard 7s ’44 132% 132% McKees & Rob 5%s ’SO 104 103% Natl Dairy 5%s ’4B 103V* 103'/* Natl Steel 5s '56 106% 106% Nickel Plate 4%s ’7B 85 83% Nickel Plate 5%s ’74 94’% 94 N Y Cent 5s 2013 92 92 Va N Y Cent 4%s 2013 (old) 86 86 Nor Amer Cos 5s ’6l 105% 105% Nor Pac 3s 2047 81% 81% Nor Pac 4%s 2047 102 102 Nor Pac 6s 2047 11l 111'/* Nor States Pow 5s ’4l 105 105 New Orleans Term 4s ’53 ..... 92 92V* Otis Steel 6s ’4l 102% 102% Penn Ry 4'/4S ’B4 110% 110'/4 Penn Ry 4'/*s ’Bl 11l 110% Penn Ry 4%s ’7O 103% 103% Pac G&E 5s ’42 94V* 94% Portland Gen El 4%s ’6O 74% 74% Para Publix 5%s ’SO 90'% 89 Penn P & L 4%s 'Bl 107 107'/* Portal Tel & Cab 5s ’53 38 37% Rem Rand WW 5%s ’47 ....109% 109% Shell Union Oil 5s ’47 103 102% Sou Pac 4%s ’6B 91(4 91% Sou Pac 4%s ’Bl 90% 90% Sou Pac 4%s ’69 90(4 90(4 Sou Pac 4s ’49 81 % 90 Sou Rail 4s ’56 65 64*4 Sou Rail 6s ’56 81% 81'% Sou Rail 6%s ’56 84 84

gives you a FIVE-YEAR Annual Rate for $5,000 Life Insurance j First 5 years 6th year and thereafter . _ Age Age For the first SQEio 31 $121.50 425i50.90 a 21 93.40 32 125.50 43 188.70 tive years 22 95.80 33 120.60 44 196.70 l 23 98.10 34 134.10 45 205.30 one-nali 24 100.50 35 .in . 25 l°3-00 36 143<80 47 224.10 the figure in 26 105.10 .37 149.10 48 234.50 UIIS lauie * 28 111.10 39 160.70 50 257.20 29 114.40 40 167.00 ~Ahoissued at THrS£ KAT£3 AKC P-ABTfGJrtATiUQ |3O 117 7() 41 173 9() age9sltoGo COSTS YOU LEAST WHILE NEEDED MOST ASK A.Y AGENT OR THE LOCAL OFFICE OR WRITE THE HOME OFFICE FOR DESOHPTrVE FOLDER AND A SYNOPSIS Sttfiitnmrr (Cnmpattg of Amrrtra EDWARD D. DUFFTELD. President Home Office, NEWARK, N. J.

Pullman Considers Movies With the view of making train travel as comfortable as possible the Pullman Cos. is conducting tests on the feasibility of providing motion picture service on passenger trains. >

PAGE 13

Sharon Stl Hood 5%s 48 ...103'/. 103% Texas Pac 5s 79 102% 103 Texas Pas 5s '77 103 103% Union Pac 4s '47 114% 114% United Drug 5s '53 101 s , 101 s * U S Rubber 5s ’47 105% 106 NY NH & Hart 6s '4B 35% 35 NW NH & Hart 4%s '67 34 s * 35 Warner Bros 6s ’39 94 93 West Mary 5%s 77 108% 108% West. Marv 4s '52 99 s , 100 Youngstown S & T 5s '7O 106 s * 106 s , Youngstown S & T 5s '7B ..106 1 06% FOREIGN Argentina A 6s '57 99% 100 Argentine B $s 'SB 99 s , 99>, Brazil 8s ’4l •'’% 32 Canadian Govt 4s '6O 2 108% Denmark 5%s '56 101 s * 102 German 5%s ’65 28% 27% German 7s '49 37 37 Italy 7s 'sl 67% 6 Japan 6%s 54 97 s * 97 Poland 7s ’47 107% 107% Rome 6%s ’52 57 s * 60 Tokio City 5%s '6l 79 78% Yokohoma 6s ’6l 84 83% Local Securities (By Indianapolis Bond & Share Corp ) The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level in buying and selling inquiries or recent transactions. BONDS Bid. Ask. H T & T Fort Wayne 5%%.. 104 105 HT & T Fort Wayne 6% 103 106 Indianapolis Railways Inc 5%. 67% 70 Indianapolis Water Cos 4%%..i05 107 Indianapolis Water Cos 5%.. 105 107 Indianapolis Water Cos 5% 105 107 Indianapolis Water Cos 5%%..105 107 Indianapolis Water Cos 5%%..105 107 Interstate Tel & Tel s%s>. .. 95 97 Kokomo Water Works 5% 104% 105 s * Morris 5 <& 10 Stores 5% 100 103 Muncie Water Works 5% .. .103 Noblesville Heat. Light & Pow 98 100% Ohio Telephone Service 6%.. 97% Richmond Water Works 5%...104% 106 Seymour Water Cos 5% 101 104 T H Traction & Light 5% ...106 108 Terre Haute Water Works 5%. 102 104 Terre Haute Water Works 6% 103 105 Traction Terminal Cos 5% 77 80 STOCKS Belt Railroad & S Y com 53 55 Belt Rail & Stock Yd pfd 6% 52% Central Indiana Pow pfd 7%. 20 23 Home Tel &T Ft Wayne 7%.. 52% 54% Hook Drugs, Inc., common ... 16% 18 Ind & Mich Elec Cos pfd 7% .103% 106% Indiana Central Service Cos. 6% 96% 99 Ind Hydro Elec Cos 7% 59 62 Indpls Gas Cos com 6% 35 38 Indpls Pow & Lt Cos pfd 6%.. 87 90 Indpls Pow & Lt Cos 6%% ... 92 95 Indianapolis Wa Cos pfd 5% .103% 106% North Ind Pub Serv pfd 5%% 69 72 North Ind Pub Serv pfd 6%.. 75% 78YNorth Ind Pub Serv pfd 7%.. 85 88 Progress Laundry Cos com 9 10% Pub Serv Cos of Ind pfd 6%.. 21% 24% Public Serv Cos of Ind pfd 7% 45% 48% South Ind Gas & Elec 6% 96% 99% Terre Haute Elec com 6“„ 87% 89% Union Title Company com 20 % 23 Produce Markets The prices quoted are paid for stock gathered in the country, while delivered in Indianapolis the price is a cent higher. Heavy breed hens, 18c; Leghorn breed hens, 13c; Leghorn springers. 12c; old stags, 13c; old cocks, 9c. Ducks, white, 5 lbs. and over, 11c; geese, full feathered, all sizes, 10c; all guineas, 1% lbs. and up 15c; No. 1 strictly fresh eggs, loss off, 17c Each full case must weigh 55 lbs. gross, a deduction of 10 cents a pound under 55 lbs. will be made. No. 1 butter, 39%@40%c: No. 2, 37%@38%c. Butterfat. 35c. Other Livestock (By United Press) LAFAYETTE. Ind., March 4. —Market steady to 5c higher; 170-210 lbs., $lO 50)./ 10.60: 210-235 lbs.. $10.35® 10.40- 235-260 lbs.. [email protected]; 260-325 lbs . $9.80@ 10 05-140-170 lbs., $9.75® 10; 100-140 lbs.,' s9® 9.50; roughs, $9.25 down; calves. $8 50 down; lambs. $9 down. FORT WAYNE. Ind.. March 4.—Hogs—15c higher: 160-180 lbs.. $10.75; 180-200 lbs., $10.65; 200-225 lbs., $10.55; 225-250 lbs., $10.45; 250-275 lbs.. $10.30: 275-300 lbs.. $10.20; 300-350 lbs.. $9.95; 140-160 lbs., $10.35; 120-140 lbs.. $10.10; 100-120 lbs $9.85: roughs. $8.75; stags, $7; calves, $9.50' lambs, $9.25.

SWINE VALUES RISE 25 CENTS AT CITYYARDS Cattle Market Less Active, Steady: Veals, Lambs Unchanged. With receipts insufficient to meet local and outside requirements, a strong undertone developed in tha pork market today at the Indianapolis Union Stockyards, resulting in an advance of 25 cents on classes ranging downward from 250 pounds. The market for other grades, however, was not established. Improved demand, centering mostly in the medium and lightweight divisions, combined with a less-than-normal supply, was largely responsible for today’s upturn. Receipts were estimated at 4000, while holdovers were 119. The general bulk of 160 to 225 pounds cashed in at SIO.BO to $lO 90. Medium heavies, from 225 to 250 pounds, sold at $10.55 to $10.75. In the lightweight division, hogs scaling 130 to 160 pounds brought $9.90 to $lO 40. while others, from 100 to 130 pounds, were salable at $9 15 to 59.65. Good packing sows held at $8.50 to $9.25. The cattle market was less active than yesterday, but early sales held around steady. The undertone was weak to lower. A single load of steers, weighing 1433 pounds, sold at $9.50. Few heifers sold at $7 down. Better kinds were eligible around SB. Beef cows and bulls held mostly steady. Receipts were 1500. The sharp downward movement was checked in the veal market when prices held steady. The bulk of good and choice grades sold at $9 to $9.50. Receipts were 700. Lambs also were unchanged, with a single deck of fed westerns holding at $9.75. Others, mostly in small lots, sold downward from $9.50. Slaughter sheep held at $3 to $5. Receipts were 5000. Other Livestock (By United Press) CHICAGO. March 4.—Hogs—Receipts, 11.000, including 2000 directs; unevenly steady to 15c higher; instances on weights above 250 lbs. and sows 25c up; closing active; top $10.70; bulk 150-250 lbs., $10.35 'll 10.60; 250-300 lbs., $9 90® 10.40; 300-350 lbs., $9.65® 9.90: sows, 58.850i 9.35. Cattlo —Receipts, 9000. Calves—Receipts. 1500. Choice and prime medium weights and weighty steers, strong on shipper account; such kinds selling at sll upward; top sl2; all grades of light steers and lower grads heavies, weak; heifers firm; best $9; numerous loads $7.754/8.75; beef cows, weak; cutter cows and bulls, strong; vealers 250 lower: bulk of crop comprised of steer* in killer flesh; best weighty sausage bulls, $6.50; vealers, $8.50 down. Sheep—Receipts. 10,000; fat lambs, mostly 25c lower; spots off more, yearlings practically absent; other classes weak: several loads choice 97-99 lb. fed western lambs. $9.50 to packers: best desirable offerings, $94/ 9.40; including natives: holding best fed lambs around $9.75: choice 95 lb. aged weathers, $6.60; most slaughter ewes, $4 @ 5.25.