Indianapolis Times, Volume 43, Number 290, Indianapolis, Marion County, 13 April 1932 — Page 13

APRIL 13, 1932_

STOCK SHARES WEAKEN AFTER EARLYJJPTURN Government Bonds Continue to Move Into New High Ground. - Average Stock Prices Average of thirty Industrial* for Tuesday 62 33. up .29. Average of twenty rails 31.7 J. off .73. Average of twenty utilities "i* A 0 Average of forty bonds 72.42, Off (.44 BY ELMER C. WALZER United Preo* Financial Editor NEW YORK, April 13.—Weakness In individual issues turned the stock market downward again today after * brief period of rallying. Pressure was exerted on Standard Oil of New Jersey and it broke to a hew low at 22Ms, off 1, and Standard of California 17%, off %. Drug stocks were depressed with new lows In Drug, Incorporated, at 34t6, off 3’4, and Lambert at 35%, off 2%. Associated Dry Goods first preferred made its first appearance on the ♦ ape this year, selling at 33, anew low, and off 40% points from the previous sale. Special Issues Sold Liquidation in the special issues mentioned turned the trend of the markPt downward. Steel fell from 34 7 k to 33 s, off *; American Can from 52'. to 51, off 1 .-i, and General Motors from 12 to 11%, off >4. American Telephone, which reached 109%, was carried back to 107'-, off Vi point net. Railroad shares declined after an early advance along with the remainder of the list. Around noon the group was within fractions of the previous close. Trading turned dull with tickers barely moving as the session turned into the afternoon. Bond trading also was light with prices maintaining a firm tone. U. S. Ronds Move Up United States government loans continued to move Into new high ground for the year. Helping these issues was the reduction of M of 1 per cent in bill rates and indications the federal reserve planned to extend its easy money policy further. According to Governor Harrison of the federal reserve board, the previous attempt to bring recovery through expansion of credit failed to result in expansion of bank loans because of lack of confidence which caused bankers to become more conservative.

New York Curb Market

(By Thomson At McKinnon) —April 13— ll:00.| 11:00. Alum Cos of Am 27 iPord of Eng ... 4 Am Cyanamid.. 3 | Goldman Sachs 2 Am Gas At El.. 22%! 3ulf Oil 28% Am Lt & Trac. 14 I Hudson Bay .... 1% Am Sup Pwr .. l%((nt Pet 8% Ark Oa* A I%Midwest Util .. % Asso Gas At El. 2 ]Nat Inves 2% Braz Pwr At Lt. S'/ilNat Bond At Sh. 20V 2 Cent St* Elec.. 1 INla Hud Pwr .. 4% Cities Service.. s%iPenroad 1% -ord 2%'30 Penn 0i1.... 11% Deer At Cos 6 3td of Ind 13% Elec Bond At Sh 12%|Un Verde 2% Elec Pwr Assn.. 3%IUt Pwr % 3en Aviation .. 3%|on Fndrs 1% New York Bank Stocks (By Thomson At McKinnon) —April 12Bid. Ask. Rankers 49% 51% Brooklyn Trust 13 185 Central Hanover ~ 112 116 Chase National 30% 32% Chemical 30% .32% City National 36% 38% Corn Exchange 46 49 Commercial 128 136 Continental 13 15 Empire 22 24 First National 1,390 1,490 Guaranty 249 254 Irving 15% 16 % Manhatten At Cos 23 25 Manufacturers 2.3% 25% New York Trust 79 82 Public 21% 23% Foreign Exchange (Bv James T. Hamlll At Cos.) —April 13— Open. Franc, France • 0394% Lira 0513 Franc. Belgium 1401 Mark .2373 Guilder. Holland .4055 Peseta. Spain 0760 Kroner, Norway 1955 Kroner. Denmark 2070 Yen 3325 Investment Trust Shares 'Bv Gibson A: Bernard) PRICES ARE TO 12 NOON C. S. T. —April 12— „ J Bid. Ask. Am Founders Corn com % % Am At Gen Sec A 6 11 Am Tnv Tr shares 1% ... Basic Industry shares 1% ... Collateral Trustee shares A... 33% Cumulative Trust shares 2% 3 Diversified Trustee shares A... 5% ... Fixed Trust Oil shares 1% ... Fixed Trust shares A 5% ... Fundamental Trust shares A.. 2% 3% Fundamental Trust shares B. . 33% Leaders of Industry A 2% ... Low Priced shares 1% Mass Inv Tr shares 13% 15 Nation Wide Securities 2% 2% Selected American shares .. 1% 1% Selected Cumulative shares.. 4% 5 Selected Income shares 2% 3 Shawmut Bank Inv Trust ... 2% 3% Std Am Trust, shares 2 s * 2% Super Corn of Am Trust shares 2% 2% Trustee Std OU A 2% ... Trustee Std Oil B 2% 3% U S Elec Light & Power A... 13% 15% Universal Trust shares 2 2% Chicago Stocks Opening (By James T. Hamill At Co.t —April IS— Bendix Avia 7%Tnsull pfd 1 Borg Warner .. 6% Insull 6s "402% Cities Serv ... 5 Middle West, ... % Com Edison ... 63% Swift At Cos 15% Grlgsbv Grunow % Swift Inti 20 Jnsull com .... %ut At Indus pfd 6% New York liberty Bonds —April 13— Liberty J%s "47 100.20 Liberty Ist 4s 47 100 15 Liberty Ist 4%s "47 * joi 5 Liberty 4th 4%s "38 *’ loi'is Treasury 4%s '32 1053 Treasury 4s 54 101 31 Treasury 8s '65 at'oi Treasury 3%s "56 89 Treasury 3%s ’47 aa'l4 Treasury 3%s '43 March 96 26 Treasury 3%s '4.3 June 86 26 Treasury 3's '49 93 34 MEET TO AVERT WAR Diplomats Called for Parley on Bolivia-Paragtiay Row. By United Press WASHINGTON. April 13,-Dip-lomatts of nine American republics were called into a consultative conference at the state department today with a view to forestalling possible military complications in the Chaco region of South America, dieputed between Bolivia and Paraguay. Senator Harris "Much Better” By United Press WASHINGTON, April 13.-Physi-cians attending Senator William J. Harris <Dem., Ga.) announced today that his condition is greatly Improved.

New York Stocks " (Bv Thomson £ McKinnon) ———

—Aar 11 11— Railroad*— Pr*v. High. Low, 11:00 close. Atchium 43% 43% 43 All Coait Lin* IS Balt A 0hi0... • 1% |% 9 I Chum 4b 0hi0... 14% 13% 11% 13% Chew Coro .. .... 7% 1% Can Pac 13 12% 13% 13% Chi Ort W*tt 1% i Chi N West % 4% CRU P 4% 9 Del L & W 13 12 Del <3 i Hudson .. . ... ... S3 Erl* 4% 4% 4% 4% Erie lt 0fd....s ~ ••• 4% Oreat Northern.. 10% 10% 10% 10% Illinois Central 10 •% Kan Cltv So * Lou & Nssh 1* M K St 3% Mo Pacific ..... ... ••• - *% \fo Pacific pfd.. 7% 7% 7% 7 N Y Central 19% 19% 19% 1# , Nickel Plate 3% N Y N H * H 13% 13 13 12% Nor Pacific 10% 10% 10% 10* Norfolk it West 95 85% O & W 5% 9% Penngvjvanla .... 13% 12% 13% 12% Reading ... . i4l *•% So Pacific 12% 12% 13, 12% Southern Ry *% 5% *% * .St Paul 1% }% St Paul pfd 31% 81 L 4 8 F. 2% : Union Pacific .. S3 52% 52% 51% Wabash • 1% , W Maryland 3 1 /a 3 Equipment*— Am Car Fdy 4% ... Am Locomotive 5 ... Am Steel Fd 4% 4_ Am Airbrake Sh. . . 9% 8% Gen Am Tank... 18% 17% IS l ,a 17% General Elec... 15% 15% 15% 14% Gen Rv Signal 14 13% Lima Loco 10 N Y Airbrake * Poor At Cos 3 Pres* Stl Car 1% Pullman 15% 15 Westlngh Airb 10% 10% Weatinbh Elec... 24 33 23 22% Rubber*— Firestone" ~ 13% Fisk Vs % Goodrich 3 Goodyear ... ?% 9% Kelly Sprgfid ... 1% 114 1% 1% Lee Rubber 1% U S Rubber 33 Motor*— Auburn 52*4 49**2 50 50** Chrysler 9% • */* General Motors. 12 11** 11*4 11 - Graham-Palp* \ \ \ Hudson 4 x /% 4*4 :::::::::: :: ::: i?" Nash 12 12% i Packard 2% 2% 2% 2% Peerless ... ... 4% Reo ... 4% 1% Studebaker 9% 5% White Mot 7% Yellow Truck 2 2 Motor Access— Bendix Aviation 7% 7% 7% 7% Borg Warner.. ... 8% Briggs 5% 5% 5% 5% Budd Wheel 2% Eaton 4% El Auto Lite 18 15 15% 14% El Storage B 18% Hayes Body % Hnuda 3% Murray Body ... 4% 4% Sparks W 1% Stewart Warner 3% Timkin Roll ... 15 14 14% 13% | Mining— Am Metals 2% j Am Smelt 7% 7% 7% 8 Am Zinc ... ... I*4 Anaconda Cop.. 5% 5% 5% 5% Alaska Jun 14% 14 14% 14 Cerro de Pasco 8 5% Dome Mines ... ... 8% Freeport Texas.. 14% 14% 14% 14% Howe Sound 6% Int Nickel 6 5% 8 6 Isl Crk Coal 10% 10% Kennecott Cop.. 554 554 5% 5% Magma Cop 4% Miami Copper .. 2% 2% 2% 2% Nev Cons ... 33 Noranda 14% 14 14% 14% Texas Gul Sul... 16% 16'/, 16% 16V, U S Smelt 12 11% 11% 12 Oils— Amerada 12% Atl Refining ...... ... ... 9 Barnsdall 4 4 Houston 32% Indian Refining 1 Mex Sbd 6% Mid Conti 4% 4% 4*4 4 Ohio Oil 5\ 5% 5% B*4 Phillips 4% 3"% 4% 3% Prairie Pipe .... 6% 6 6 6 Pure Oil .. ... 3% ?% Shell Un 2% Cons Oil 4% 4% 4% 4% Standard of Cal 18 17% 177* 18 Standard of N J 24 23% 23% 23% Soc Vac B*4 8% BV, 8% Texas Oo 11% 10% 10*4 10', t Steels— Am Roll Mills.. 7% 7 7% 7 Bethlehem 14 13*4 13% 13% Bvers A M 8% 8% 8% 8% Cruc Steel 11% 12 Inland ... ... 15 Ludlum - .. ... ... 3% McKeesport Tin 41% 41 41% 41 Midland 3% 2% 2% 2% Newton ... 3 Repub I At S ... ... 3% U S Steel 34% 34 34 34% Vanadium 8% 8% 8% 8% Youngst SAfcW B'4 Tobaccos — Am Tob (A) new 66 66 Am Tob (B 1 new 70 69V4 69% 69 Con Clears ... ..... 12 Lie A- Myers 8.. 49% 49% 49% 48% Lorillard 14 13% 13% 14 Reynolds Tob... 32% 32% 32',4 32% Utilities— Abitibi 1% 1% 1% 1% Adams Exp 3% 3V* Am For Pwr ~ 3% jjU Am Pwr & Li.. 8 7% 7% 7% A T As T 109'4 107% 107% 107% Col Gas As E 1.... 8 7% 8 8 Com As Sou 2% -*'/ 2% 3Js Cons Gas 51% 51 51% 50% El Pwr As Li.... 6% 6V4 6% 6% Gen Gas (A) .•... 1% Inti T As T 5% 5% 5% 5% Lou Gas As El 15 15 Natl Pwr As Li.. ... Is% No Amer C 0.... 26% 25V* 25% 25% Pac Gas As El 2(1% 26% Pub Serv N J.. 41% 41 41 40% So Cal Edison.. 24% 24% 24% ... Std GAs El 16% 16% 18% 15% United Corp B'/* 5% 5% 5% Un Gas Imp... 15% 15V* . 15% 15% Ut Pwr Ac L A 33 West Union 33% 32% 33 32% , Shipning— A . ... Am Inti Corp.... 4% 4% 4% 4% Uinted Fruit 20% 20V* Food*— Am Sugar 15% 15 Armour A ... , '% J Cal Pkg 6% 5% 6V, 6% Can Drv ... 7 6% Coca Cola 105% 104** 104% 104% Cont Baking A.. . ... ... 3% Corn Prod 31% 30*4 31% 29% Crm Wheat ... ... 19 Cudahv Pkg 30 30 Gen Foods 33% 33 33 % 33 Grand Union ... 5% 5% Hershev 6 65 V* Jewel Tea 38% I Kroger ... ... 11% Nat Biscuit 31*4 31 31** 30% Natl Dairy 23% 23 23% 22% Purity Bak 7% 6V, Pillsbury ... ... 16% Safeway St ... 44% 43% Std Brands 10% 10 10% 10% Ward Bkg 4% Drugs— Coty Inc 2% 2% 2% 2V 4 Drue Inc 38'4 36 36 37% Lambert Cos .... 38 36 36 38% Lehn As Fink 16% Industrials— Am Radiator ... 4% 4% 4*. 4% Bush Term 16% Certainteed 2 Lehigh Port 4 Otis Elev 12% 12 13 11% Indus Chemi— Air Red 45% 44% 44% 44 Allied Chem .... 65% 64 64 64*4 Com Solv 5% 5% Dupont 34’* 33*4 33% 33% Union Carb 21% 21% 21% 20% U S Ind Alco. .. . 22% 22% 22% 21*4 Retail Stores— Assoc Dry Gds 4 3% Kresge S S 9 7 ,, 9% Mav D Store.... 13V* 13 13 13% Mont Ward .... 7% 7% 7% 7% Penny J C 28% 28 Sears Roe 22% 22 22 71% i Woolworth 37% 36% 366 36% Amuaements— I Eastman Kod... 65 64 64 63% ; Fox Film A 2% 2% ; Grigsby Gru % i Loewa Inc 2t% 21% 21% 21 Param Fam .... 4% 4 4% 4 Radio Corp 5% SV 5% 5*4 j R-K-0 3'4 3 I Warner Bros ... 1% 1% 1% 1% Miscellaneous — City Ice As Fu 20 Congoleum 8% Proe As Gam.... 29 28 28 27*4 Allis Chal 8% 8V Bank Clearings INDIANAPOLIS STATEMENT —April 13— Clearings $1,108,000.00 Debits 4,842,000.00 TREASURY STATEMENT —April IS— Net balance for April 11 ...$510,304,289.48 Expenditures 33.290,994.08 I Customs reets. month to date 7,699,558.68 Net Changes ! By United Press NEW YORK, April 12.—Closing prices and net changes on principal stock* traded on the New York Stock Exchange today follow: Up. Off. Allied Chem (unchanged)... 63% American Can 51 % ... Amer Tel As T*l 107% 1% ... Auburn 60% ... % Case. J I % 38% 1% ... Consolidated Oa* 50% % ... Du Pont 33% ... *4 Electric Power 6% ••• % Gejj Electrie 14% % ... Gen Motors 11% % ... I Int Nickel 6 % ... Kennecott 8% ... % Montgomery Ward 7% % ... National Biscuit 30% % ... New York Central ......... 19 ... 1 North American 35% % ... Pennsylvania (unchanged'.. 13% ... Public Service 40% % ... Radio 8% % ... Sears Roebuck 31% % ... Standard Oil. Cal 18 ... 1 Standard OU. N J 33% 2 U. j 6. Bteeli 34% % ... Wepttnghouse Elec 39% ■% ... WtSlworth 36% % ... Worthington Pump 8 ... %

Am Can 53% 50% 51 51% J I Case 29% 28% 28% 28% Cont Can 30 29% 29% 29% Curtiss Wr 1% 1 1 Gillette SR .... 17% 17% 17% 17% Oold Duat 12% 12 12% 11% Int Harv 19 18% 18% 18% Int Bu* M 88 87 Real 8!)k 3% Un Arcft 10% 10% 10% 10% STREET PAVING CONTRACT LET Illinois Firm Is Awarded Work on Sixteenth. Battle of material men and contractors over contract for widening and paving Sixteenth street between Capitol and Northwestern avenues temporarily was ended today when the works board awarded the contract to R. McCallum, Danville, 111. Construction of the section is scheduled to start in a few weeks, after a delay of more than a decade. McCallum was the low bidder on concrete, $35,772. In awarding the contract to McCallum, the board overrode objections presented by L. A. representing another bidder, J. N. Morgan <fc Son, low bidder on asphaltic concrete, with a bid of $39,069. Cox hinted at possibel legal action in the case, charging that a petition for use of concrete was filed illegally. He declared that until 9 a. m. Monday, the last day for filing material petitions, there only was one resident property owner in the section to be imporved, this property owner filing a petition for asphaltic concrete. At, 9 a. m. Monday, he charged, a deed was recorded in the name of Peter and Mattie Johnson, who a short time later filed a petition for concrete.

Blond General , Leads Russian Army in East

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Galen-Blucher By XEA Service ALEN-BLUCHER is the blueeyed, blond Russian command-er-in-chief of the Red army on that explosive Manchurian - Mongolian Far Eastern border who is said to know all about ‘‘the ways of the Orient.” Less than 40, Galen-Blucher has at various times successfully performed ticklish jobs of soldiering for the Soviets. In 1925, when the Communists were interested in helping the Chinese Nationalist revolution, GalenBlucher was sent to Canton, where he organized in little more than a year the first Cantonese revolutionary army whose “horses drank in the Yangtze,” a feat that the late Sun Yat-sen failed to accomplish in some thirty years. Germanic, rather than Slavic in appearance, it is said that he was born in the Germany colony on the Volga, of German parentage. Produce Markets Delivered In Indianapolis prices: Hens, heavy breeds, 14c; Leghorn hens. 11c: Broilers, colored springers. U 4 pounds uo 18c: Leghorn and black. 1% pounds ud. 15c: bareback and partly feathered. 10c. Cocks and stags. 7c: Leghorn cocks. sc. Ducks, large white full feathered and fat. 12c: small. Sc. Geese ful feathered and fat. 7c. Young and old guineas 15c. Eggs— No. 1. current receipts. 9c. Butter. 26 to 27c: undererades. 24 to 25c. Butterfat. 22c. These prices for healthv stock free from feed bv the Wadlev Company. By United Press CHICAGO. April 13—Egg*—Market, about steadv; receipts. 18.319 cases; extra firsts. 12%®>13c; firsts, 11%@12%c: current receipts. 11c; seconds. 10%c. Butter —Market, easv: receipt*. 8.077 tubs; extras. 18%c; extra firsts, 18c; firsts. 17% ®'l7%c; seconds. 16c: standards, 18 %c. Poultry—Market, unsettled; receipts 1 car; fowls. 16® 17c: Leghorns, 14c; ducks. 18 ®2lc; geese, 10c: turkeys. 15@23c: roosters 9c; broilers, 22®>24c; leghorn broilers. 20c; stags. 13c. Cheese—Twins, 10%®llc; young Americas. 11%® 11 %c. Potatoes— On track, 288; arrivals. 76; shipments. 773: market, steady; Wisconsin round whites. 85@90c; Idaho Russets, 51.30® 1.35; Minnesota and North Dakota Red River Ohio*. $1®1.05; Texas Blis* Triumphs, $3.50. By United Press CINCINNATI. 0.. April 13—Butter, packing stock No. 1. 18c: No. 2,12 c; No. 3, 10c; butter fat, 13® 15c. Eggs—Market, ateady; cases Included, extra firsts,* lie; second*. 9c; nearby ungraded. 10%c; duck eggs. 10%c; goose eggs, 20c. Live poultry —Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over, 16c; 4 lbs. and over, 16c; 3 lb*, and over, 16c; Leghorns. 3 lbs. and over. 14c: roosters. 8c; colored broilers. 1% lbs. and over, 21c; 2 lbs. and over. 23c; partly feathered, 14c; leghorn broilers 1% lbs. and over, 21c; 2 lbs. and over. 21e: black springers. 12c; ducks under 3 lbs. sell at liberal concessions: ducks, white, 4 lbs. and over. 16c: under 4 lbs.. 13c; colored, 4 lbs. and over, 16c; under 4 lbs., 13c: capons. 8 lbs. and over. 25c: under 8 lbs.. 22c: slips. 15c; guineas. 12c: turkeys. No. 1 hens. 8 lbs. and over, 32c; young toms. No. 1. 10 lbs. and over, 16c. By United Press NEW YORK, April IS—Potatoes—Market, In good demand; Long Island. s2x 2.25 per barrel; New Jersey state. $1.50® 1.60 per barrel; southern, 53.50®6.55 per barrel; Idaho, $1.90®2.40 per sack; Bermuda, s6® 11 per barrel: Maine. $1®2.15 per barrel: Canada. [email protected] per barrel. Sweet potatoes—Market, steady; jersey baskets. 30c®51.35; southern baskets. 25®, 75c. Flour—Market, firmer; spring patents, $4.454i4.65. Pork—Market, steady: Mess, sl6 75. Lard—Market, steady: middle west spot. $4 80® 4.90 per 100 pounds. Tallow —Market, steady; special to extra, 3%<® 2%c. Dressed poultry—Market, steadv; turkevs, 15®30c; chickens. 16® 27c; fowls, 104422 c; broilers. 16® 32c; ducks, 12(<tl5c: Long Island ducks. 16c: capons. 18Q35c. Live poultry—Market, steady: geese. 10® lac: ducks. 10® 15c; fowls, 16®21c; turkeys. 20®4Ac; roosters. 10®llc: broilers. 13®25c; capons, 15® 38c: chickens. 12®23c. Cheese—Market, dull: state whole milk, fancy to special, ll®19c; Young America, 12® 13c By United Press CLEVELAND April IS.—Butter—Market, easv: extras. 22%c: standards, 32%e. Sags —Market, unsettled: extra firsts. 12e: current receipts. 11 %c. Pculsrv—Mar toe t. firm; fowls. 17®18c: medium. il®l9e; Leghorn. 14® 15c; heavy broilers. 30c: ducks. 15#16c: old cocks. 10® 11c: eeeae. 13® 13c: stags. 12# 13c: anons. 24c. Potatoes —Ohio and New YorW 650 60c per bushel: Maine Green ML. $1.15® 1.25 per 1001 b. *ack: Idaho Russet large sized. $1.85# 1.90; medium. $1.86 per 100-lb. sack.

THE INDIANAPOLIS TIMES

HOGS MOVE UP 5 TOIO CENTS AT CITYYARDS Cattle Market Dulf, Trend Is Steady; Sheep Unchanged. Hog values moved up 5 to 10 cents this morning at the city yards, prices advancing this amount on steady buying. The bulk, 100 to 350 pounds, sold for $3.70 to $4.15; early top recorded at $4.20 to $4.25 on several small lots. Receipts were estimated at 6,000; holdovers were 132. Not much was done in the cattle market. Indications were around steady. Receipts were 1,000. Vealers moved up 50 cents at $7 down. Calf receipts were 800. Lamb trade was undeveloped, the trend steady. Recipts were 1,300. With practically no early sales, asking on hogs at Chicago generally was 5 to 10 cents higher than Tuesday's average. Scattered early sales around steady; choice 200 pounders J bid at $4.25; 250 to 280 pounds, bid 1 $3.85 to $3.95. Receipts were 14,000. ! including 3,000 direct. Holdovers were 7,000. Cattle receipts were 9.000; calves 1,500; market weak. Sheep 12,000; strong. HOGS April. Bulk. Early Top Receipts. 8. v S3 85(o 4.30 $4.30 3.500 7. * 3 864$ 4.35 4.35 4,500 8. 3.80® 4.30 4.30 7,500 9. 3.80®) 4.30 4.35 3.500 11. 3.75# 4.20 4.25 7.000 12. 3.65®! 4.10 4.10 8.000 13. 4.20® 4.25 4.25 6,000 Receipts. 6,000; market, higher, (140-160) Good and choice. ..$ 4.10 —Light Lights—-(l6o-180) Oood and choice... 4.15@ 4.20 —Light Weights—-(lßo-200) Good and choice ... 4.15® 4.25 (200-220) Medium and good .. 4.10® 4.15 —Medium weights—-'22o-250) Good and choice... 3.80® 3.90 (250-290) Medium and R00d... 3.80® 3.90 —Heavy Weights—-(29o-350) Oood and choice ... 3.70® 3.80 —Packing Sows—-(3so-5001 Medium and g00d... 3.00® 3.60 (100-1301 Slaughter pigs 4.00 CATTLE Receipts 1,000; market, steady. Good and choice $ 6.00® 7.75 Common and medium 3.50® 6.00 (1,100-1,800) Good and choice 6.00® 7.75 Common and medium 4.50® 6.00 —Heifer*— Good and choice j... 5.00® 6.50 Common and medium 3.00@ 5.00 —Cows— Good and choice 3 50® 4.50 Medium 2.75® 3.50 Cull and common 1.50@ 3.50 —Bulls (yearlings excluded)— Good and choice beefs 3.00® 3.75 Cutter, common and medium.. 2.00® 3.00 CALVES AND VEALERS Receipts. 800; market, higher. —Vealers— Good and choice $ 6.50® 7.00 Medium 4.50® 6.50 Cul and common 3.00® 4.50 —Calves— Good and choice 3.50® 5.25 Common and medium 2.50®) 3.50 —Stockera and Feeder Steers— Good and choice 4.50® 6.25 Common and medium 3.50® 4.50 (600-1,500) Good and choice 4.50® 6.25 Common and Medium 3.50® 4.50 SHEEP AND LAMBS Receipts, 1,300; market, steady. Good and choice $ 7.00® 7.50 Spring lambs 5.00® 8.50 Common and medium ........ 4.50® 7.00 Ewes, medium and choice .... 2.75® 4.00 Cull and common 1.25® 2.75 Other Livestock By United Press CHICAGO, April 13.—Hogs—Receipts. 14,000. including 3.000 direct; slow, steady to 5c higher; 140-210 lbs., *4.10®4.25; top, $4.25; 220-250 lbs.. $4®4.15; 266-320 lbs., $3.70® 3.95; choice 360 lbs.. $3.55; 140-160 lbs., [email protected]; pigs. $3.75®4: packing sows. $3.20®3.40; light lights, 140-160 lbs., good and choice, $4®4.25; lightweights, 160-200 lbs., good and choice, $4.05®4.25; medium weights, 200-250 lbs., good and choice. $3.95 ®4.25; heavyweights, 250-350 lbs., good and choice, $3.55®4.05; packing sows, 275500 lbs., medium and good, $3.10®3.50; slaughter pigs. 100-130 lbs., good and choice, [email protected]. Cattle —Receipts, 9.000; calves. 1.500; largely steer run; trade slow, spotty; all grades weighty bullocks scarce, holding up fairly well along with well finished light steers and common grade offerings. but in-between tending lower; light yearlings weak to 25c lower: other classes steady; strictly choice weighty steers. $8.40. Slaughter cattle and vealers: Steers, 600900 lbs., good and choice. $6.78®8.40; 9001,100 lbs., good and ehoice, $7®8.50; 1,1001,300 lbs., good and choice, [email protected]: 1,3001,500 lbs., good and choice, $7®8.50; 6001.30* lbs., common and medium. $4.75®7; heifers, 550-850 lb:., good and choice. $5.75 @7.25; common and medium, [email protected]; cows, good and choice, $3,504(5; common and medium. $3®3.75; low cutter and cutter cows. $1.75@3; bulls, yearlings excluded, good and choice beef, $3.25®4.50; cutter to medium. $2.754/3.40; vealers, milk fed. good and choice, $4,504/6.25; medium,, [email protected]: cull and common. s2@3; stocker and feeder cattle: Steers, 500-1,050 lbs., good and choice, $5,254(6.25; common end medium. [email protected]. Sheep—Receipts. 12,000; practically nothing done: bidding unevenly lower or mostly $6.75®7, in good to choice wooled lambs; closely sorted kinds held steady at $7.50 and above: slaughter sheep and lambs; Lambs. 90 lbs. down, good and choice. [email protected]; medium. $5.75®6.75: 91-100 lbs., medium to choice, [email protected]; all weight,*, common, [email protected]; ewes, 90-150 lbs . medium to choice. s3®4 50: all weights, cull and common. [email protected]: feeding lambs. 50-75 lbs., good and choice. [email protected]. By United Press CINCINNATI. 0., April IS.—Hogs—Receipts. 4,000. including 1.010 direct; held over 660; active, mostly steady; better grade , 160-230 lbs.. $4,104/4.25; mostly $4.25; on 220 lbs down; 230-260 lbs... $3.7‘5 @4.10: 250-310 lbs.. $3,504/3.75; 120-150 lbs.. [email protected]; sows. $2.75@3. CattleReceipts. 1,000; calves. 450: slow, about steady: some weakness on heifers: odd lots common and medium steers and heifers. [email protected]: a few better finished kind upward to *6.25; small lot of heifers. *6.50; beef cows, $3.25@4; low cutters and cutters, $1,754(3; bulls $3®3.50; a few $3.76; vealers steady to strong; good and choice $6.50(57; lower grades mostly *5.50 down; some $6. Sheep—Receipts. 1,400. including 800 direct; spring lambs weak to 50c lower at s6fr>lo; others steady: better grade wooled lambs $7#7.50; common and medium s4@6; clipped lambs. *6.50 down; sheep, *3.50 down. By United Press EAST ST. LOUIB. April 13.—Hogs—Receipts, 7,500: mariet, strong to 10c higher: top. $4.15; most 140-230 lbs., $3.95® 4.10; 240-280 lbs.. 53.75© 3.90; 100-140 lbs.. $3.60®4; sows largely, [email protected]. CattleReceipts. 2,800; calves receipts, 1,700; market; generally ateady; a few early steer sales, $5.35®6.50: fiiixed vearlings and heifers, *4.75® 5.75; cows, *[email protected]; low cuttera. *1.504*1.75; top sausage bulls *3; good and choice vealers. *6.75. Sheep—Receipts, 1,500: market, not established; Packers talking lower: mostly asking steady; holding better wooled lambs above *7. and ehoice spring lambs above, *9.28. By United Press EAST BUFFALO. April 13.—Hogs—On sale 1,200: active, generally 50c over Tuesday's average; 160-210 lb* . *4.75; 230-240 lbs., *[email protected]; pigs and underweights. *4.50. Cattle—Receipts. 50; active, steady; medium ateers. $6.50: plainer kinds." $5.50: few heifers, *6; fat cows, $3.35®3.50; eutter grades *[email protected]. Calves—Receipt*. 175; vealers draggy, bulk unaold. scattered tales 50c lower; good to ehoice, 56.504|7; common and medium. *4®5.50. Sheep Receipts. 200; lambs strong to 25c higher; good to choice woolsklns. $1.75; merely good clippers. |7: medium to good wooled ewes, *3(6.3.50: shorn ewes, $3.50 down. By United Press PITTSBURGH. April 13 —Hoga—Receipts. 1.500; market steaav to 5e lower; 140-220 lbs.. $4.30®4.55; 230-280 lbs.. [email protected]; pigs. $3.85®4.25; packing tows, [email protected] Cattle—Receipts. 10; market unchanged; medium gTSCe steers quoted J5.35®6.50; good ateers up to *7.25; nedium and good heifers. $4.756 6.25. Calves.—Receipts. 135; market about steady: good and ehoice vealers, $5 50®6.50. Sheep—Receipts. 750: market about steady; good and choice shorn lambs, s6®7; common to medium grades. s3® 5. By United Press LAFAYETTE. Ind.. April IS —Hogs—Receipts, 16c up: 160-200 ib* . $4; 200-210 lbs.. *3.90: 210-225 lbs . $3.85. 225-235 lbs., $3.80; 215-250 lbs.. $3.75: 250-275 lbs $3.65; 275300 lb*., $3.55: 300-325 lbs.. $3.50: 140-160 lbs.. $3.75; 120-I*o lbs.. $3.50; 100-120 Iba., $3 40: roughs. $3.25 down; top calves. $6; top lambs. $6. By United Press FT. WAYNE. Ind.. April 13.—Hoga—Market 10c higher; pigs. 93 SO® 3.85; ligh. light*. *3.85® 4: ligh A, £,©4.10; mediums, $3.85@4: heavies. $3.0®3.5; roughs, s2."i ®3; stags, $2.50; calves. $5.50®6; lambs, s6® 6.50,

BELIEVE IT or NOT

un i ■ the raft of death ONLY SURV,VORS 0F THE STEAMER Mayflower; which sank in lake kaminiskeg WERE SAVED BY CLINGING TO A COFFIN M' OF A DEAD MAN -OKthrjo, Can., 1812 ALBERT Jjr MRS CORA KNECHT uSES p ROLLING P,N FcuLiL " Wf ( SLEPT IN THE SAME BED IN THE CARRIES A PIANO WITH Hitt WHEREVER HE GOES.' SAttE HOUSE FOR 79 YEARS-Warwickshire, He hAS traveled with it more than 15,000 ttILES — - ■—— © 1932. King Features Syndicate. Britain rights reaerved.

Bright Spots of Business

By United Press NEW YORK, April 12.—New York Cot- j ton Exchange service estimated consump- | tion of cotton by domestic mills in March | at 489.000 bales, against 450,000 bales in j February. DETROIT —Enough orders are on the Ford Motor Company books to keep active production at the rate of 4,000 units a day through July. DETROIT—RetaiI deliveries of Desoto cars during the first quarter were 38 per cent over the corresponding period of last year. B. C. Foy. president of the corporation said. MINNEAPOLIS. Minn. Northern States Power Company reported for the year .inded Jan. 31 net income of $17,592,02 h, compared with $16,653,902 in the preceding year. DETROlT—Production of new Plymouth automobiles has increased to 1,100 units a day. B E. Hutchinson, chairman of the board of the Plymouth Corporation, anoounced. In the Cotton Markets (By Thomson Ai McKinnon) NEW YORK, April 12.—Cotton was a nondescript affair this morning, ranging in price from 2 points over to 6 under Monday’s close. Trade participation was much smaller and the absence of foreign liquidation was noticeable. Textile news was of neutral character. The Weekly Trade Review remained of about the same tenor as that of last week. Whether one’s position is long or short, something can be quoted on the support. For instance, domestic mill trend is downward, but English mills increase the use of American cotton. With all the conflicting news we feel that the long period of liquidation is about over. Is is not the season for large hedge selling and the weather once more becomes a dominant factor. The price, plus the lack of fertilization, should turn the market upward. CHICAGO High. Low. Close. January 6.98 6.88 6.98 May 6.29 6.21 6.29 July 6.49 6.35 6.48 October 6.73 6.60 6.72 December 6.90 6.79 6.90 NEW YORK January 6.88 6.77 6.88 March 7.07 6.94 7.02 July 6.41 6 27 6.37 October 6.67 6.52 6.61 December 6 83 6.67 6.77 Other Livestock By Times Special LOUISVILLE. April 13.—Hogs—Receipts. 600: weight ichedule revised. 170-220 lbs . 10c higher at $4: others, uneven: 225-255 lbs.. *3.75: 260-295 lbs.. *3.50: 300 lbs. uo. S3: 140-165 lb*.. $3.40; 135 lbs. down. S3: sows. [email protected]: stags. *1.75 down. Cattie —Receipts. 200: moderately active, fully steady: bulk common and medium steers and heifers. *4.50® 5.50: good to $6.50. or better for steers, bulk; beef cows. 53W3.50: practical too. *3.75: low cutters and cutters. *1.25® 2 50: bulk sausages bulls. *3® 3.75: week’s too. *4: bulk stockers. *4.80®5.25. Calve*—Receipts. 250: steadv to weak: rigid sorting considered better: vealers. J 555.50: others. $4 down. Sheep—Receipts. 125: steadv: bulk better spring lambs. *B#9: few lightweights. *10: old crop wooled. ewe* and wethers. $6.50: comparable bucks. $5.50: wooled throwouts. *4 down: f*.t wooled ewes. *2.50®3. Tuesdays shipments. 105: calves, none. By United Press CLEVELAND, April 13.—Hogs—Receipts, 1.000; holdover, none; steady: 150-230 Ids., 54.40; 240-800 lbs.. $4®4.15; pigs, $4; rough sows, 33. Cattle —Receipts, 200; fully steady; common to medium steers, *5 66®.6.10: largely *5.75: cows around *2® 4; sausage bulls, s3®4; calves, receipts, 600: fully steady: spots strong; better grades upwards at $7.50® 8; common to medium, *5.50®6.50; culls downward to *4.50. Sheep —Receipts. 1.100; lambs, strong to higher; spots. 25c up: clippers upwards at $7®7.35: best held *7.35 or above: throwouts. *4.50® 5.75; good springers bid. (10.50. By United Press TOLEDO. April 13 —Hogs—Receipts. 200: market. 10c; lower; top. *4.20: mixed and bulk of sales. s4®4.fo: pigs and light workers. *3.50® 3.75: roughs. *3®3.25. Cat-tle-Receipts, light; market, active and steady: calve*, receipts; light: market, slow steadv. Sheen and lambs —Receipts, light, market steady. Local Wagon Wheat Citv grain elevators are paving 47c for No. 3 red wheat, and 47c for No. 2 hard wheat. Zaiser & Zaiser Incorporated Brokers Stocks and Bonds lt&E. Market Lincoln 9375 Lincoln 11*7

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

Following is the explanation of Ripley’s ”3elieve It or Not” which appeared in Tuesday’s Times: An Architectural Lie—The place at 23 Leinster Gardens, in spite of its pretentious exterior, is not a house but a very clever camouflage, marking a district railway cutting. The dummy balconies match the real balconies next door, and behind its painted doors there is nothing but a forty-foot drop to the railroad tracks. It is a five-storied “front” faked on a plain brick wall to resemble its dignified neighbors. The “house” has inspired many mystery or detective stories, it suggested an endless number of practical jokes and some swindles. Passers-by can be fooled by it, but they can not be “taken in.” Thursday: A Record Conviction.

The >City in Brief

THURSDAY EVENTS Advertising Club luncheon. Columbia Club.. American Business Club luncheon, Columbia Club. Real Estate Board luncheon. Washington. Shrine Caravan Club luncheon, Murat temnle. Acacia luncheon. Harrison. Sigma Delta Chi. Founders’ day dinner. 6:,30. Columbia Club. “Futility” of trying to block progress in transportation by legislating busses and trucks off publis highways, was pointed out by Pierre Schon, sales engineer of the General Motors Truck Company, in an a'ddress here Tuesday night. Schon talked before 300 truck, traffic men and railroad representatives. The Indiana Good Government Club, Inc., will sponsor a mass meeting at Cadle Tabernacle from 3 to 5 Sunday afternoon. Speakers will be the Rev. R. M. Dodrill, pastor of the College Avenue Baptist church, and E. Howard Cadle. Dr. G. Bromley Oxnam. president of De Pauw university, will be the speaker of the luncheon meeting Thursday of the Indianapolis Real Estate board at the Washington. Contract for paving of Lynn street, from New York to Michigan streets, was awarded to Abel Brothers, on a bid ,of $5,701, by the works board today. INDUSTRIAL LEADER DIES Former Lambert Pharmacal Firm Head Succumbs to Gas. By United Press SALISBURY, Md„ April 13. Physicians and firemen worked for hours Tuesday in a futile attempt to save the life of Arthur Lambert, former head of the Lambert Pharmacal Company of St. Louis, who was found overcome by gas in a bathroom at the home of his wife's mother here. He died while volunteer firemen administered oxygen with a resusciating apparatus.

EXTRAORDINARY SALE ■— kJH “PERLOX” 1 51% MILK OF MAGNESIA Mmb TOOTH PASTE pIKSt A Bi * AAr i tooth paste g C Tubes m t\* ' 1 Pegular Each Tube 9 1 [ WM I 1 w Wl2 LIMIT—THREE TO A CUSTOMER KEENE DRUG CO. DELAWARE ANI OHIO STREETS

Af Rerfstered U. S If X Patent Office RIPLEY

Dow-Jones Summary

United States Dairy Product* Corporation in year ended Dec. 31, 1931, reported net income amounted to $1,768,847 after depreciation, federal taxes, etc., against $1,531,205 in 1930; gross sales amounted to $28,359,115, against $27,813,138. American District Telegraph Company in year ended Dec. 31. 1931, showed net income of $1,911,710 after depreciation, taxes, interest, etc., against $1,906,170 in 1930. Consumption of crude rubber by manufacturers in United States for March amounted to 27,828 long tons, against 30,011 long tons In February, 1932, and represents a decrease of 7 3-10 per cent, but 15 1-10 per cent below March, 1931. New York Central loadings in week ended April 9. amounted to 38,226 cars, against 38.689 in previous week and 54.081 in like 1931 week. San Joaquin Light and Power Corporation In year ended Dec. 31. 1931. reported net profit of $9.90 on 209.702 shares of SIOO par preferred stock, against $14.55 on like number of ihares in 1930. Car loadings in week ended April 2. totaled 544.961 cars. 18.i57 below previous week and 182.891 below like 1931 week, according to American Railway Association. New York Power and Light Company in 1931 earned $21.28 a share on on combined preferred stocks, against $25 in 1930. Utica Gas and Electric Company in 1931 earned sll.Bl a share on combined preferred stock, against $12,54 in previous vear. D. L. 8s W. in February reported net loss amounting to $88,825 after taxes and charges, against net income of $16,817 in February. 1931; Iwo months showed net loss of $352,898 against net Income of $62,999. Western Union in February showed net loss totaling $45,874 after taxes and charges, against net income of $252,015 in February, 1931; two months net loss amounted to *219,320 against net income of $515,398. Chesapeake & Ohio in March reported net income around *2,000,000 against $1,762,221 in like months of 1931; net income in first quarter may be estimated to equal about 61 cents a share on 7.652,661 common shares outstanding, against 65 cents a common share in like 1931 quarter.

Sawdust Sugar By United Press BERLIN, April 13.—Germany’s “sawdust industry” appeared likely today to assume great importance with announcement of perfection of a process to produce “sawdust” sugar,” alcohol, fodder and by-products worth millions of marks from sawdust. Dr. Heinrich Scholler, distillery chemist, claimed he had been successful after years of research. He expected to produce 50 kilograms of sugar and 40 kilograms of fermentable product from 100 kilograms of sawdust. “Sawdust sugar” would not be fit for table use, but its cheapness might force reorganization of the spirit industry.

PAGE 13

WHEAT SHOWS EASY TONE IN; LIGHTTRADING Clear, Cold Weather Fails to Stimulate Buying at Opening. BY HAROLD E. RAINVILLE United Tress Staff Correspondent CHICAGO, April 13. Wheat opened easy on the Board of Trade on scattered selling and profit-tak-ing, with buyers more cautious and proceeding slowly. Again Liverpool failed to reflect the full advance in North America and reported less interest. Clear, cold weather over the winter wheat belt and the forecast of a continuation of this weather failed to stimulate buying at the start. Less pressure on corn enabled that market to hold firm and the yellow cereal was relatively stronger than wheat. Oats was dull. Liverpool Lacks Snap At the opening wheat was % cent to % cent lower, corn was % cent higher and oats % cent lower. Provisions were easy. Liverpool opened higher and was % to % cent up at mid-afternoon, but still lacks the snap to the buying here. Sentiment is not unanimously bullish among the rank and file of traders. Weather conditions in the southwest give the market r strong undertone. However, the 7% cents advance since last Friday is believed to have offset aU known factors and more widespread deterioration may be necessary to induce further buying. Temperatures in Canada were higher, but there was no rain. Corn Receipts Light Liquidation in May is’ keeping corn from making advances commensurate with the strength in wheat. Receipts have been light recently as the farmers are busy in the fields. There is hope that some corn will be worked for export as the American prices are nearly in line with Argentine. Trade is running light in the oats pit and the market lacks a real feature outside of the sustained good cash demand. Chicago Grain Range —April IS— Prev. WHEAT— High. Low. 11:00. close. Mav 60% .59% .60 .61 July v 63% .62% 68 .64 Sept 65% .64% .65 .66% CORN— Mav 35 .34% .34% .34% July 38% .38% .38% .38% Sspt 40% .40% .40% .40% OATS— May 24% .24 .24% .24U July .24®* .24% Sept 25% .21% RYE— May 46% .46% .46% .47, July 49% .48% .48% .49% Sept 50% .49% .49% .50% LARD— Mav 4.50 4.52 July 4.62 4.65 Sept 4 77 4.85 ' 2 1 Time* Special CHICAGO. April 13.—Crlots—Whe*t, 6; corn. 33; oats. 28; rye, 1, and barley, 6. By Times Special CHICA.GO. April 12.—Primary receipts; Wheat, 333.000, against 533,000; corn, 319.000. against 394.000; oats. 218.000, against 165,000. Shipments: Wheat. 507.000. against 446.000; corn. 144,000. against 468,000; oats, 158.000, against 233,000. By United Press CHICAGO, April 12.—Cash grain close; Wheat No. 2 red, 80@60%e; No. 3 red. 59®59%c: No. 2 hard. 60V*q; No. 3 yellowhard. 59%c. Corn—No 3 mixed, 32%c; No. 4 mixed, 30%c; No. 2 yellow, 34%® 34%c; No. 3 yellow, 32%®33%c; No. 3 white. 33c. Oats—No. 2 whitr, 24i r g.24%c; No. 2 white fancy. 28%e: No. 3 white. 22%@24c; Sample grade, 22%c. Rye—No sales. Barley—42@6oc. Timothy—s3® $3.25. Clover—s9®;l3. By United Press TOLEDO. April 12.—Cash grain, close: Grain in elevators, transit billing. Wheat —No. 2 red. 61%82%c. Corn—No. 2 yellow. 37®38c. Oats—No. 2 white, 28® 29c. Rye—No. 2, 48%©49%c. Track prices, 28%c rate. Wheat—No. 2 red. 56®56%c; No. 1 red 1 cent premium; No. 3 red % to 3 cents discount; No. 4 red, 3 to 5 cents discount. Corn —No. 2 yellow, 33® 33'be: No. 3 yellow, 31%(ff32%c. Oats— No. 2 white, 25@26c; No. 3 white 24® 25c. Clover—Prime. $9. Alstke—Cash. $8.75. Butter—Fancy creamerv print*. 24 ®2sc. Eggs—Extras, 11%®12c. HayTimothy per cwt., 80c. Cash Grain —April 12— The bids for car lot* of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipning point. ba*is 41'/*c New York rate, were: Wheat—Firm: No. 1 red. 47%®43%e: No. 2 red. 46%®47%e; No. 2 hard. 48%® 47%c. Corn—Firm: No. 3 white. 24®2Se: No. 4 white, 23#24c; No. 3 yellow, 24®25c: No. 4 vellow. 23®2"c- No. 3 mixed. 23®.24c: No 4 mixed. 2225 C. Oats—Steadv: No. 2 white. 20®21c: No. 3 "'hitc. 19® 20c. Hay—Bteady. (f. o. b. country point* taking 23%c or less rate* to Cincinnati or Louisville.) No. 1 timothy, $7®7.50; No. 2 timothy, s6® 6.50. —lnspections Wheat—No. 2 red, 1 car: No. 3 mixed 1 car. Total. 2 cars. Corn—(New): No. 2 white. 1 ear; No. 3 white, 4 cars; No. 2 yellow, j cars: No. 3 vellow. II cars; No. 3 mixed. 1 car. Total. 20 cars. Oats—No. 2 white. 2 cars: No. 3 white. 7 cars: No, 4 white. 1 car. Total. 10 cars In the Air Weather conditions at 9 a. m.: Northwest wind, 16 miles an hour; temperature, 37; barometric pressure, 29.99 at sea level; ceiling, scattered clouds, unlimited; visibi’ity 20 miles; field, good. Alfonso, Consort Reach Paris By Inited Press PARIS, April is.—Ex-King Alfonso of Spain and former Queen Victoria arrived here today to spend the first anniversary of their exile with Spanish royalists living in Paris.