Indianapolis Times, Volume 43, Number 297, Indianapolis, Marion County, 21 April 1932 — Page 13

APRIL 21, 1932-

STOCK SHARES HOLD TO SLOW TRADING RANGE Leaders Steady at Previous Close: News Somewhat Cheerful.

Average Stock Prices

A of thirty industrial* lor Wednesdv 59 4*. off 29 Average o 1 t.wentv rail* 23 02. nn 75. Aerage of twenty utilities 25 49 off 95 Average of forty bonds 75 *2 tin .03 BY ELMER C. WALZER t nllrd Pres* Financial Editor NEW YORK. April 21.—Despite a *harp break in Royal Dutch American shares, the stock market maintained a steady tone today with volume so small that tickers barely moved. The drop in Royal Dutch followed a break at London and Paris. The issue here made a record low at '2’w, of! 2% points, bringing sell.9R into other petroleum shares, n tabiy standard of New Jersey, which made anew low record Main Body Steady Ability of the main body of stocks ♦ o hold steady was explained by seveial new developments. The principal one was reduction in the Bank of England discount rate which was followed here by a drop in bill rates. Another was the defense before Ihr house ways and means committee of the reconstruction finance corporation by General Dawes. Dawes found confidence returning in the banking community. He argued against a soldier bonus bill at this time, stating that such bill providing currency inflation w-ould destroy confidence in the country. Market Tone Slow Traders were reticent about placing new' commitments or in selling the market. Uncertainty of investigation now- under way by the senate finance and banking committee deterred placing of new commitments on either side of the market. Steel common held around the previous close and so did a long list of other issues, including American Can, New York Central, Atchison, and Westinghouse Electric.

Bank Clearings

IN DIANA POMS STATEMENT Anrtl 21 Clearings \ $1,644,000.00 Debit-, 4,803,000.00 TREASURE STATEMENT - April 21 Nel balance for April 19 *388,060.7.49.54 Expenditure* 27,934.766.42 Customs reels, month to elate 13.149.852 10

New York Curb Market

(By Thomson St McKinnon) April 21— 11:00., 11:00. Alum Cos of Am 27%jHudson Bay ... 1% Am Gas A' EL. 25 Int Pet 9 s ,* Am Sup Pwr... 1 %:Mt, Prod ... 2% Ark Oas A.. 1% Nia Hud Pwr... 4% Asso Gas As El 2%jPenroad 1% Cent Sts Elec.. 1% St Regis Paper 2% cities Service... 4% So Penn Oil ... 12V* Com Edison .69 jStd of Ind 15% Klee Bond A- Sh 14% Std of Ohio .... 2 Gen Aviation .. 3%!Un Gas 1% Ford of Can .. 7%!Un Lt Sc Pwr .. 3% Goldman Sachs l%|Un Fndrs 1%

New York Bank Stocks

tßv Thomson & Me,Klnnon) —Aorll 20Bid. Ask. Bankers 51 53 Rrooklvn Trust. 170 185 Central Hanover 115 119 Cha.se National 32 34 Chemical 30', 32% Citv National 38% 40'4 Corn Exchange 50 53 Commercial 125 133 Continental 13% 15% Empire 23 25 FI rat. National 1.430 1.530 Guaranty 250 255 Irving 16% 17% Manhattan <fc Cos 21% 237* Manufacturers 24% 26% New York Trust 80 83 rtihlic, 20 % 22%

Foreign Exchange

(Bv James T. HamtU A' Cos.) —April 21Open. Sterling. England 3.76'/* Franc. France 0394', Lira. Italv 0514 Franc, Belgium 1401 Mark. Germany .2376 Guilder. Holland 4051 Peseta. Spain 0780 Krone. Norway 1840 Krone. Denmark 2065 Yen. Japan 3306 New York Liberty Bonds —Aprtl 20— Liberty 3%s '47 100.20 Liberty Ist 4s '47 101.80 Liberty Ist, 4><s 47 101.19 Liberty 4th 4\s '3B 102.11 Treasury 4',s '52 105.18 Treasury 4s '54 102 15 Treasury 3s '55 93.27 Treasury 3 s ,s '56 100.19 Treasury 3-Vs '47 98.18 Treasury 3%s '43 March 9R.11 Treashurv 3%* '43 June 98.15 Chicago Stocks Opening ißv James T. Hamill & Co.i —April 21 Borg Warner... 7 >Sbd Utilities % Cities Serv 4 Swift- ACo 15% Cont Cht com.. 1 U S Rad A- Tel. 6's Comm Edison.. 69% lit A Indus com 1% Tnsuli 6's '4O. . . 1 Ut A Indus pfd 6% Middle West ... %

In the Stock Market

ißv Thomson * McKinnon> NEW YORK, April 20.—The character of today's market was little changed from that of Tuesday. Leading industrial stocks drifted lower with a renewal of pressure, limited largely to the more prominent issues like United States Steel. American Telephone and American Can. which established new lows. The railroad shares were again an exception. Independent strength of th rails was influenced by the relatively better March earnings reports and the improved outlook for regulatory legislation on interstate motor truck traffic. Otherwise, the market found little incentive in the news. Weekly trade statistics were possibly more unfavorable than had been expected, notably steel operations. While this industrial news may not have Influenced any additional pressure, it is fair to assume it contributed nothing in the way of Improved demand. Bonds were inactive and irregular, also reflecting a lack of .decision. In view of the apparent discouragement and general confusion, so far as the stock market is concerned, we cannot help but remind you that based upon the combined average of the industrial railroad and utility stocks as compiled by the New York Times, prices have depreciated from the peak of 1929 nearly 85 per cent. In the case of the rails alone, the loss has been 90 per cent. With liquidation narrowing down to relatively few stocks can we reasonably hope that it has about run its zourse?

New York Stocks " 1 tßv Thomson 8k McKinnon' ■ ■

- April Jl~ lillrtih— Prr. , High. Low. 1! 00 clow A trillion .. 45 44*. 45 45*. Balt Si Ohio .. 9Vi 9Vi 9*. Che** Ac 0hi0... 17% 15*. 18% 16% Chesa Oorp 10% io Can Pac 12% 12% 12% II Chl-Ort West 2% 3*4 Chi N Wnt SS 54* O R I * P S'* Del LAc W .... 19 14% 14% 14% Del Ac Hudson 52% Os Northern . 11% 11% 11% 11% Illtnol* Central.. 11% 11% 11% li .Lou Ac Nash 13 M K As T 1% Mo Pacific 3% Mo Pacific pfd. * N Y Central ... 20% 20 20 20% Nickel Plate 3% NY NH Ac H ... 15% 15% 15% 15% Nor Pacific ... 11% 11% Norfolk Ac Went *3 82% O Ac W 4 Pensylvania .... 13% 13 ij% 13% Reading 1* 17 17 50 Pacific 14% 14% 14% 14% Southern Pv 6 51 Paul 1% St L At S F ... 2V. Union Pacific 55 54% 54'. 53% Wabash ... ... 1% W Maryland 3% Equipments— Am Car Ac Pdy.. .. ... ... 5 Am Locomotive ... ... ... 8% Am Air Brake 8h 8% ... Gen Am Tank 17 Oeneral Elec ... 14 13% 1.3% 13% Gen Rv Signal 15% 15% Poor Ac Cos 2 Pres* St 1 Car 1 Pullman .. 10% 10’, 10% I*', Westlngh Ar B . ... ... MV. Westlngh Elec .. 22% 21% 21% 21% Rubbers— Firestone ... ... jj Goodrich ’ 31. Kelly Sprgfld ... ... i>. U 8 Rubber ... ... 3% Motors— , , , Auburn 4o 39>/ 39% 39% Chrysler #v 9% General Motors.. 11% 11% liv. 11% Graham Paige ..2 1% 1% i% Hudson Hupn 2% 2 5* ac >t 13% 13% Marmon % Na-Sh li io-, 10’, ‘ii >4 Packard ... 2% 2% Reo , j3/ Studebaker .... 0 5% ’ 5% 5 White Motors .. .. ... ... gi /t Motor Accra*— Bendix Aviation 7% 7 Borg Warner 71/. 7 Briggs 5% Campbell Wv 4 Eaton 4%. 4% El Auto Lite ... ... is El Storage B - 18% IS 1 ., Honda .. 2% Murray Body 5% Sparks-W IVi Stewart Warner. .. ... ... 3 Timken Roll 14 14% Mining— Am Smelt. * .. 9 9 Am Zinc 1% ... Anaconda Con. 5% 5% 5% 5% Alaska .Jun 13 12% 13 12% Cal A; Hccla 2% Cerro de Pasco 6% 6% Dome Mines ... ... 9 Freeport Texas.. .. ... ... is Cranbv Corp . . ... 4 Gt. Nor Ore .... 7% 7% 71,1 7% Int, Nickel 6% 6 6% 5% Inspiration 2 2 Isl Crk Coal 10% Kennecott Cop.. 7V, 7V, 7’,4 7'/ Magma Cop 5 Nev Cons ... ... 3% Noranda ... ... 14% Texas Gul Sul 17 U S Smelt 13% Oils— Amerada 12% Am Republic ... ... 9% Atl Refining ... 10 9% 9% ... Barnsdall 4% 4 Houston .. . 32% 2% 2% Mcx Sbd 7% 7% 7% 7% Mid Conti 4'/a Ohio Oil 5 5% Philips ... 4% 4% Pure Oil 4 3% 3% 4 Royal Dutch ... 13'% 12% 12% 14% Shell Un 2% 2% 2% 2*, Cons Oil 4% 4% Standard of Cal 17% 17% 17% 17% Standard of N .1 22'* 21% 21% 22% Soc Vac 8% 8% 8% 8% Texas Cos • . . 11 11 Union Oil 10% 10 10’4 19 Steels— Am Roll Mills.. .. ... 7'/, 7 Bethlehem 1354 13% 13% 13V* Byers AM 9 8% McKeesport, Tin 38 38 Midland 3% Newton 3 Repub I Ar R 3'% U S Steel 29% 29% 29% 29% Vanadium 8% B'% 8% 8% Youngst S At W g% Tobaccos— Am Sumatra 3 Am Tob Anew 4 87% 87 87 88 Am Tob B new.. . . 66 5 ,, Lig At Myers B 50 48% 48% 49V* Lorillard ~ . 14% 14',4 Reynolds Tob... 32% 32V* 32V* 32 Utilities— Abitibi 1 1 Adams Exp ... 3% 3% Am For Pwr .... 4V, 4 4 '/a 4 Am Pwr As L 1... 9% 9% 9% 9 ATAt T 99 97% 98 98% Col Oas AEI ... 8% 8 8% 8 Com At Sou 2'/. 2% jy a 2Vi Cons Gas 50% 49% 50 V* 50 % El Pwr At Li 7% 7% 7% 7% Gen Gas A ... 1% Inti Ti:T 6% 5% BVa 5’,, Lou Gas & El lg% Natl Pwr At Li.. .. ... 11% 11% No Amer Cos 33% 22% 23 23 Pac Gas At El 26 % Pub Ser N.l .... 43% 42% 43% 42% So Cal Edison .... ... 24 24 Std OAt El 165, 16% 16% 16% United Corp ... 6% 6% 6% g% Un Gas Imp 16% 16% 16% 18% Ut Pwr At L A .. . ... 3'/* 3% West Union 27% 26 % 26 % 27 Shipping— Am Inti Corp .... ... ... 4.% United Fruit ’* 20% Foods— Armour A 1% 1 11% j Beechnut Pkg .... . *7.1Can Dry ... . gv* Coca Cola 95% 93% '94% 94% Cont Baking A.. .. ... . 35,. Corn Prod .30% 39% 36% 31 Crm Wheat 19% 1 Cudahy Pkg ! ‘29% 29 , Gen Foods 32% 32% 32% 33 Jewel Tea 2 6% Kroger i" |" fj'* Nat Biscuit, 33 32% 33 32% Natl Dairy 23% 22% 23% 22% : Purity Bay 7\ 7 7 7% ! Pillsbury ... . Safeway St .... 44% 44’, 44% 44% Std Brands 11% 11 n 10% Drugs— Coty Inc 21', 2% Drug Inc 38% 38 38 37% Lambert Cos ... 355/, 35a; Lehn St Fink I*% Industrials— Am Radiator . 5 g Bush Term 13% IS 13% 133. Gen Asphalt 01, g<, Otis Elev isi': ~■* Indus Chems— Ajr R<}d_ 37% 87 375* 37% Allied Chem .... 58% 57% 58 58% Com Solv 6% 6% 6% 6% K SC; ft* ’< Assoc Drv Gds,. .. 41Gimbel Bros *" 11? £ r . < ‘ SK £. *L S 10,/ * in 'l n 70 1 May D Store . n% 11 Mont Ward .... 7% 7 7 71 • ! Penny J C 27 \> qij* | Sears Roe 20% 20% 20*; oniT j Wool worth ....37% 37% 37% 37% Amusements— Eastman K0d.... 55 5 54% 53% I Grigsby Orunow .. *£ 1 Loews Inc jo, I Param Fam .... 4% 4% "41; 4 I Radio Corn .... 5% 5% 5% 5% j Warner Bros

Net Changes

By United Press NEW YORK, April 20.—Closing prices and net changes on principal issues traded on the New York Stock Exchange today: American Can 43% "* 9 si Amer Tel and Tel 98% ’ * % Auhurn Auto 3 3 7, ’" 1. Beth Steel 13 \ ’i* Case J I 124% ... 2% Chrysler 5% 1, Consolidated Gas 50U % "’ Du Pont 30 £ Gen Electric 131, , 1. Gen Motors 11 3, % Tnt Tel & Tel s’* 1* Kennecott ( unchanged 1 ... 7% 1, Loew's 32% ij National Biscuit 33% % ]'' New York Central 20% % North American 23 ... i% Pennsylvania 13% >, Public Service 42% % Radio 'unchanged) 5% ... . Sears Roebuck 20% ... % Standard Gas 16% % ... Standard Gas 16% % ... Standard Oil. New Jersey.. 22% ... % U S. Steel 39% ... % Westinghouse Electric 21% ... 14 Woolworth 37 % 1 % ...

Investment Trust Shares

ißv Gibson & Bernardi PRICES ARE TO It NOON C. S. T. —April 21— Bid. Ask. Am Fuders Coro com 'a J , Am & Gen Sec A 5 10 Am Inv Tr shares IS ... Basic Industry shares IS ... Collateral Trustee shares A... 3 SS Cumulative Trust shares 2S 3S Diversified Trustee shares A.. 5S ... Fixed Trust Oil shares 1% ... Fixed Trust shares A 5S ... Fundamental Trust shares A... 2'* 3 Fundamental Ttusi shares 8... 2S 3V Leaders ot Induustrv A 2S ... Lose Priced shares IS ... Mass Inv Tr shares 12 5 14' Nation Wide Securities 2V 2 3 < Selected American shares IV l r Selected Cumulative shares... 4’a 4‘* Selected Income shares 2-' 2V Shawmut Bank Inv Trust .... 2V S’* Std Am Trust shares 2V ... Surer Coro of Am Trust shares 2V 2-V Trustee Btd Oil A 3 Trustee Std Oil B 2S S' IU S faer Light & Power A.... 13V ISV 1 1’nivermi Trust share* IV IV

Miaeellaneoa* — City Ice At Fu. . " Congoleum *, Proc A* Gam . *-4, 3 2* Allis Chai 7% 7% 7% 7 . Am Can W* J I Case 34% 23% 23'* % Cont Can 25% 25% 25% 25 a Curtis* Wr -I, 4 Gillette S R ... 18% 1% 78 16 1 Gold Dust . ■ 7S Int Harv I* 1 * H% 78% 79 • Tnt Rn M ... 77% 78% Un Aircraft ii% ii% 11% 71

The City in Brief

FRIDAY EVENTS Exchange Club, luncheon, Washington. Optimist Club, luncheon. Claypool. Altrusa Club, luncheon. Columbia Club. Sahara Grotto, lunrheon. Grotto homr. Delta Tao Delta, lunrheon, Columbia Club. Phi Delta, lunrheon. Columbia Club. Reserve Officers’ Association, luncheon. Board of Trade. Rainbow Division Veterans' Association. dinner. 6:3f1. Washington. Indiana Association of Economists and Sociologists, meeting, all day, Butler university. Course has been completed and stands erected for a horse show to be held April 29 at Ft. Benjamin Harrison, the first event of the kind in several years. Among entries on file are those of Fairground, Arlington. Beech Wood and Algonquin Club stables. Entries will close Saturday. Jewish students in professional schools and colleges of the city will be special guests Friday night at a Passover service in the Temple, Tenth and Delaware streets. Young people's organization members will serve as a reception committee. Topic of Rabbi Morris M. Feuerlicht will be “Goethe and the Jew.” Regular meeting of the Ivan T. Hovey, W. R. C. No. 196. will be held Friday afternoon at Ft. Friendly 512 North Illinois street. More than 30ft Indiana laundry men are expected to attend sessions of the Traveling School of Modern Laundering next Tuesday and Wednesday in the Lincoln, R. L. Meyer, manager, said today. The hundredth anniversary of Goethe s death will be observed at the Athenaeum Saturday night with a dinner and program at which Dr. A. R. Hohlfeld, professor of German in the University of Wisconsin, will speak. James W. Ingles, president of the Indiana University Club, announced Wednesday appointment of a committee to make arrangements for the annual Indiana university founders’ day dinner, May 4. Harold R. Buxton will act as chairman. F„ P. Fisher, general agent of the Santa Fe railroad, announced today that, effective during June, July and August, a $65 Chicago-Cali-fornia round-trip fare will be in effect. “The Silver Question" will he (he topic of an address by C. S. Wikoff, Liberty party candidate for United States senator, at a mass meeting tonight in Compton hall, 2001 Winter avenue. Appointment of C. F. Harms as district sales manager in Indianapolis for the Toledo Scale Company was announced today.

PASS MURDER JURY Taxi Driver Is Accused of Slaying Fare. After three and a half days of questioning talesmen, a jury was impanelled in criminal court today and the trial of Samuel W. Wilson, former taxi driver, on charges of murdering James Steinberger, 602 South Meridian street, got under way before Judge Frank P. Baker. The state’s first witness was Mrs. Catherine Wilson, who was one of the first persons to see the body of Steinberger. found lying in an alley near her home. The state’s ing brought out the, inference tnat Steinberger had been slain elsewhere and the body carried to the spot. The defense, which claims that the dead man tried to avoid payment of a taxi fare and was killed accientally In a fight with Wilson, will plead self-defense for the 22-year-old defendant, who is the father of a twenty-two-months-old baby.

Produce Markets

Delivered in Indianapolis orices: Hen*, heavy breeds. 14c; Leghorn hens. 11c; Broilers, colored springers. 1% pounds ud 18c; Leghorn and black. 1% pounds up. 15c; bareback and partly feathered. 10c. Cocks and stags. 7c: Leghorn cocks. sc. Ducks, large white full feathered and fat. 9c: small. 6c. Geese ful feathered and fat. 6c. Young and old guineas. 15c. Eggs— No. 1. current receipts. Bc. Butter. 26 to 27c; undergrades. 24 to 25c. Butterfat. 22c. Theso prices for healthy stock free from feed by the Wadlev Company. By 1 niled Press NEW YORK. April 21-Potatoes-Market, weak; Long Island. $1.50® I.SO per barrel; southern. 53®7.50 per barrel: Idaho. *1.90®2.40 per sack; Bermuda. $7(410 per barrel. Maine. $1.60®2.15 per barrel; Canada. 51.35®2.50. Sweet. potatoes— Market, active: Jersey baskets. 40c®51.50; Southern baskets. 60c® $1; Southern barrels. $2.50. Flour—Market, ouiet; spring patents, 54.40®4.65 per barrel. Pork— Market, ouiet: mess. $16.75 per barrel. Lard —Market, steady; middle west spot. $4.55® 4.65 per 100 lbs. Tallow —Market, ouiet; special to extra. 2%®2%r Dressed poultry —Market, dull: turkeys. 15@30c: chickens. 16®27c: fowls. 10®22c: Long Islands. 16c; broilers. 16®31c: capons. 18®35c. Live noultrv—Market, dull: geese, unauoted. Cheese—Market, ouiet; state whole milk, fancy to special. 11 19c; voting America. 11%® 12%c. By United Press CHICAGO. Aoril 21.-Eggs—Market, steady: receipts. 33.604 cases; extra firsts. 12% ® 13c: firsts 11%®12%c: current receipts. 10%®10 uc: seconds. 10c. Butter —Market, barelv steady: receiDts. 5.397 tubs: extras 19c; extra firsts. 18%®18%c; firsts. 17%® 18c: seconds. 16®17c: standards. 19%c. Poultry—Market, easy; receipts. no cars in. none due: fowls. 15c: Leghorns. 13%c: ducks. ll@14c: geese. 8c; turkevs, 15®23c: roosters. B%c: broilers. 22®24c: Leghorn broilers. 20c: stags. 11c. Cheese—Twins. 9%® 10lc: young Americas. 10%® 10%c. Potatoes —On track. 286; arivals. 105: shipments. 778: market, dull: Wisconsin Round Whites. 75®80c: Idaho Russets. 51.250T.30: Minnesota and North Dakota Cobblers. 75c. By United Press v CINCINNATI, 0.. April 21—ButterPacking stock No. 1. 18c: No. 2. 12c: No. 3.10 c: butterfat. 13®15c. Eggs—Firm; cases Included: extra firsts. 11c; seconds, 9c; nearby ungraded. 10%c: duck eggs. 11c; goose eggs. 20c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over, 14c; 4 lbs. and over. 14c: 3 lbs. and over, 14c: Leghorns. 3 lbs. over. 13c; roosters. 6c; colored broilers 1% lbs. and over. 20c: 2 lbs. and over. 20c; partly feathered. 14c: Leghorn broilers. 1% lbs. and over, 20c; 2 lbs. and over. 20c; black springers. 12c: ducks under 3 lbs. sell a\ liberal concessions; ducks white 4 lbs. and over. 12c: under 4 lbs.. 10c; colored 4 lbs. and over. 12c: under 4 lbs.. 10c; turkeys No. 1 hens. 8 lbs. and over, 22c; young toms No. 1. 10 lbs. and over, 16c.

BACK HOME AGAIN

Stolen automobiles recovered bv police betone to: Davton Carter. 1119 Hoeleen street. Ford sedan, found at Henrv and Delaware streets Hamilton M. Leonard. R. R. 1. Box 433. Chrvsler coach, found at Belmont and Kentucky avenues.

THE INDIANAPOLIS TIMES'

PORKERS MAKE RECORD LOWS AT CITY YARDS Top Price of $4.05 Not Seen in Memory of Local Trade. Hogs sold at the lowest prices in memory of local livestock traders this morning at the city yards. For this century at least, and probably extending back for forty or fifty years, the lowest price of the better class of swine has been $4.10. This morning the price broke to $4.05. Bulk prices, weights from 100 to 350 pounds, were $3.50 to $4.05; early top, $4.05. Receipts were estimated at 6,500, Holdovers were 337. Not much change was apparent in local cattle conditions. Receipts numbered 9,000. Vealers were unevenly higher, selling mostly at $6.50 down. Top price was $7. Calf receipts were 550. Little was done in sheep, the trend lower. Receipts were 400. Asking on hogs at Chicago generally was 5 to 10 cents higher than Wednesday’s average. Good to choice 170 to 200 pound weights bid $4.10 to $4.15; best held around $4.30. Choice 230 pounders sold for $3.90. Receipts were 16,000, including 3,000 direct. Holdovers were 6,000. Cattle receipts were 6.000; calves 3.000; market steady to higher. Sheep 11,000; steady. HOGS Aoril. Bulk Earlv Top. Receipts. 14. 14.20® 4.25 $4.25 6.500 15. 3.75® 4.25 4.25 7.500 18. 3.7545; 4.30 4.35 3.000 18. 3.75® 4.30 4.35 6.000 19. 3.55® 4.15 4.15 8.000 20. 3.55® 4.15 4.15 6.500 21. 3.40® 4.05 4.05 6.500 Receipts. 6.500; market, lower. (140-160) Good and choice...* 4.00 —Light. Lights—--4160-180) Good and choice... 4.05 —Light Weights—-(l3o-2001 Good and choice... 4.05 (200-2201 Medium and good . 3.90®. 3.95 —Meoium Weights—-(22o-250i Good and choice ... 3.75® 3.90 (250-290) Medium and g00d... 3.55® 3.65 —Heavy Weights—-(29o-350) Good and choice... 3.40® 3.55 —Packing Sows—--1350-500) Medium and g00d... 2.75@ 3.15 (100-1301 Slaughter pigs .... 4.00 CATTLE Receipts. 900; market, steady. Good and choice * 6.00® 7.75 Common and medium 3.50® 6.00 11,100-1,800) Good and choice. 6.00® 7.75 Common and medium 4.50® 6.00 —Heifer*— Good and choice 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® 2.75 —Bulla (yearlings excluded)— Good and choice beets 3.00® 3.75 Cutter, common and medium.. 2.00® 3.00 CALVES AND VEALERS Receipt*. SMI; market, higher. —Vealers — Good and choice $ 6.00® 7.00 Medium 4.00® 6.00 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.50® 3.50 —Stocker and Feeder Steer*— 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 i (Shorn Basis) Receipts, 400; market, ateadv. Good and choice * 6.50® 7 00 Spring lambs 6.50®10.00 Common and medium 4.00®j 6.50 Ewes, medium and choice ... 2.50® 3.50 Cull and common I.oo® 2.50

Other Livestock By United Press CINCINNATI. O. April 21.—Hogs—Receipts. 21,00; iieldover. 1,290; market deadlocked with bids generally 15c t.o 25c lower at [email protected]; on better grade. 160-220 lbs.: late asking prices steady on these weights or 54.25: some 230-260 lbs., largely on outside account around 25c lower at S3.SOW 3.75: bidding 25c lower on sows or $2.50 ®2.75. Cattle—Receipts. 525: calves. 500: generally steady: a few common and medium steers and heifers. [email protected]; some more desirable yearlings up to $6.25: beef cows. *3.25@4: some. *4.25; low cutters and cutters. $1.75®3; bulls. $3®)3.26; few $3.50: vealers mostly steady: better grades. $5.50®6: a few choice early up to *6.50; lower- grades, $5 down. Sheep—Receipts. 400: steady: supply light: better grade spring lambs. $9059.50: common kinds downward to $6: better grade clipped lambs. s6®7: common and medium. $4.50 @6; sheep. $3.50 down. By United Press EAST ST. LOUIS. April 21—Hogs—Receipts, 9,500; market. s@loc higher; top. *4.10: most 130-220 lbs.. *3.90(ri.4.10; 225260 lbs.. [email protected]; 300 lbs.. [email protected]: 100-130 lbs.. $3.75®4: sows, $2.75®;3. Cat-tle-Receipts. 2.000; calves, receipts, 1.000: market, indication about steady on steers with other classes opening steady: no early steer sales: mixed yearlings and heifers. $4.7506; cov;s, *3®3.75; Jow cutters. $1.50 (fil 1.75; top sausage bulls. s3': good and choice vealers, $5.75. Sheep—Receipts. 3.500; market, packers talking unevenly lower on all classes: few choice spring lambs to city butchers. $9. By United Pres s LAFAYETTE, Ind.. April 21.—Hogs—Market 10c lower: 150-200 lbs.. $3.80; 200-210 lbs.. $3.70; 210-225 lbs.. $3.65; 225-235 lbs.. *3.55: 235-250 lbs., $3.50: 250-275 lbs.. $3.40; 275-300 lbs.. $3.30: 300-325 lbs., $3.15: 140160 lbs., $3.60: 120-140 lbs.. $3.50; 100-120 lbs.. $3.40; roughs. S3 down; top calves, $5.50; top lambs, *6. By United Press FT. WAYNE. Ind.. April 21. —Hogs Market, steady; pigs, light lights, $3.50® 3 75- lights. $3.75®3.90; mediums. *3.60® 3.75; heavies. [email protected]: roughs, $3; stags, $2. Calves, $5.50. Lambs, $6. By Times Special y LOUISVILLE, April 21.—Hogs—Receipts. 600, 10c lower, 170-220 lbs., $3.75; 225-255 lbs., $3.40; $260-295 lbs.. $3.15; 300 lbs. up $2.65; 140-165 lbs., $3.15; 135 lbs. down, *2.75: sows, *1.65®!2.40; stags, 51.40. Cattle —Receipts. 150. steady: bulk common and medium slaughter and heifers, $4.50<5|5.50: good eligible to *6.50; bulk beef cows. S3® 3.56; built;. *3.50 down: low cutters and cutters. $1.25@'2.50; bulk light Stockers. *4.50® 5.25. Calves—Receipts, 175, better vealers, 50c higher at $?.50(45; medium and throwouts vealers almost unsalable at $3.50 down. Sheep—Receipts 325, no early trading: indications steady with Wednesday’s decline on spring lambs; bulk springers. $8®8.50: small lot or so choice handpicked springers. *9®P 25; old crop sheep and lambs steady best ewes and wethers. $6.50; buck lambs. $5.50; throwouts. $4 down: fat wooled ewes, *2.50® ,3. Wednesday s shipments: 3 calves; 381 ’hogs and 244 sheep. Bn 1 niied Press CLEVELAND. April 21—Hogs—Receipts, 700; holdover, none; steady; spots strong. 140-230 lbs.. $4.25; 240-300 lbs.. $3.85®4: few choice 232 lbs. average, $4.15: pigs. $4. Cattle—Receipts. 150; slow, largely steady; bulls weak to lower: few cows, $1,750:4.25: calves, receipts. 400; fully steady: better grades. s6® 6.50: cull to medium. s4® 5 mostly. Sheer)—Receipts. 700; steady to weak: desirable clippers. $6.50® 6.75; throwouts. s4® 5: few mixtures. $5.50; nearly good light springers. $9.50: culls to nearly good shorn ewes. $1.50®3. WARD CLUB TO MEET Candidates to Speak at Democratic Boosters’ Session. The Ninth Ward Democratic Boosters Club will hold a mass meeting att 1524 East Washington street at 8 o’clock tonight. All candidates are invited to speak. Headliners on the program are Timothy P. Sexton, candidate for treasurer renomination, and Earl R. Cox. candidate for circuit judge. In the Air Weather conditions at 9 a. m.: Southeast wind, 8 miles an hour: temperature. 55; barometric pressure. 29.97 at sea level; ceiling, overcast, light fog. estimated 4.0000 feet; visibility, 1 mile; field, good.

BELIEVE IT or NOT

fSOM AN AIRttANt - if *n altitude of ZOOO ft AND FOUND (T IW MIS OVJN yARD / Jtii. Mfw It loas still running finA the aystel It HE. y' was NOT BROKEN : / * ujKtf J? tW2. Kin* Fcafur morale. li*e% .**• Britain rtfhts k ktopht\ -V* J J AIR. fifiAlL PILOT ' jjr J AS fr-OWN WORE THAN 21 jjjfr /,000,000 MILES (f2,000 Hfts) J °R LOSING OAffiAGiNG A LETTER | j Earl Lasertew ms ' CAPT, lowa STATE Univ r\ U k \ x r l a mile and a half / / ] J A Broken leg/ J J JJ Lmcolh,Nb- Nov zjmi Signature of Q.n ßlackburn, - ■- r '-J OOQ FANCIER -<4 NAShvillc/feM.

Dow-Jones Summary

Cities Service Company declared the regular monthly dividends of 2% cents in cash and % of 1 per cent in common on common stock, payable June 1. of record May 14; March surplus amounted to *1.610,414 after all charges and preferred dividends before reserves, against $1,586,533 in March. 1931. Owen* Illinois Glass Company declared ihe regular ooarterly dividend of SO rents on common stock; in twelve months ended March 3t. earnings amounted to $2.20 a rommon share, against $2.32 In previous twelve months. Texas Gulf fulphur in March quarter, earned 68 cents a share, against 96 cents in March, 1931, quarter. Southern Pacific Golden Gate Ferries. Ltd., in March reported net operating income of $102,526. against $30,08i in February and $315,141 in like 1931 period. Bandini Petroleum Cos. in quarter ended March 31. 1932, showed net profit of $13,190 against $236,588 in like period of last year. Calaveras Cement Cos. In year ended Dee. 31, reported net profit at $25,786 against $91,202 in year ended Dec. 31, 1930. Pinick & Ford in March quarter showed ?roflt of $175,831 after charges, before ederal taxes, against *347,447 in first quarter of 1931. Bond and Mortgage Guarantee Cos. declared the regular quarterly dividend of *1.25, payable May 14. of record May 4. General Foods Corporation and subsidiaries in quarter ended March 31, 1931, showed net profit of *4,433,775 after expenses, federal taxes, etc., equal to 84 cents a share on 5,277,746 shares outstanding at end of the first quarter, against $5,572,399. or $1.05 a share on 5,257,407 shares in first quarter of 1931. American Insurance Company declared the regular quarterly dividend of 75 cents, payable May 15, of record April 30. Connecticut Electric Service In twelve month* ended Mareh 3X, earned $3.73 a common share. against $3.63 in previous twelve months. Great Lakes Dredge & Dock Cos. declared the regular quarterly dividend of 25 cents a share, payable May 14, of record May 4. Public Service Company of Indiana, declared the regular quarterly dividend of $1.50 on $6 preferred stock, payable May 16. of record April 30. St. Louis Southwestern gross in second week of April amounted to *336,248 in like 1931 week; Jan. 1 to April 14. gross totaled $3,704,273, against $5,068,262. Hancock Oil Cos. of California declared the regular quarterly dividend of 10 cents a share on capital stock, payable June 1, of record May 14. Bank of France statement as of April 15, shows gold 77,065,000,000 francs against 76,909,000,000 on April 8; circulation 81,827,000,000 against 82.523,000.000 and ratio 70.30 against 30.16 per cent. Bank of England statement as of April 21. shows circulation of 354.271.000 pound, against 356,753.000 on April 14; bullion 121.429,000 pounds, against 121,448,000 and ratio 36.1 against 32.1 per cent. Marriage Licenses Paul R. Heffelman. 23. of 2453 North Delaware street, mechanic, and Marv Louise Reddick. 21. of 914 North East street, hosiery worker. Raymond Duncan. 23. of 1030 Division street, radio worker, and Clara Higgins. 22. of 1026 Division street, radio worker. Births Girls Winnie and Agnes Friedrich. St. Vincent's hospital. Martin and Ida Licht. Christian hospital. Aloysius and Magdelena Woerdeman, 1616 North Rural. Morris and Margarette Cunningham. 133 Bakemeyer. Curtis and Mattie McQueen. 1220 South Harding. ’ Geoffer.v and Elsie Loftus, 2130 Montcalm. Charles and Alma Wilson. 1004 Castle. Louis and Stella Poynter. 938 Fletcher. Ezra and Pearl Elmore, 2245 Kenwood. Boys James and Viola Taylor. 835 Blake. Paul and Effie Brumlev, 4001 Chester. Mat and Ruby Johnson, 914 North Sheffield. Sam and Ellis Burnell, 1517 Grace. Robert and Mildred Masmgale. 3648% Roosevelt. Howard and Ruth Merrifleld, 4502 East Seventeenth. Feliciano and Candelaria Gorcia, 1664 West Ohio. Bates and Mae Toliver. 930 Edgemont. Deaths Roger Doss, 51, Long hospital, arteriosclerosis. James Stapleton, 84, city hosiptal, carcinma. John Cecil Armstrong. 42. 1226 College, chronic myocarditis Governor Milton, 18, 2740 North Tacoma, tuberculosis. Jonathan E. Bastin. 54. 921 East St. Clair, hypostatic pneumonia. Mary F Kirk. 6s. Central Ifidiana Hospital, chronic myocarditis Ellis Price, 81, 1623 Hanna, chronic myocarditis. Marian Lebree. 1. Riley hospital, broncho pneumonia. Frieda Sapirie, 77, 2247 North Pennsylvania. uremia. Paul W. J£,-umley. 12 hours, 4001 East Twentv-elghtV spina bifida. Grace Barclay. 50, St. Vincent's hospital. arteriosclerosis. Laura Davis. 72. 510 Nor h Meridian, hypostatic pneumonia. Rosemary Hornccker. 56. 3403 West Washington, chronic myocarditis. p eter J Kane 63. S f . Vincent's hospital, streptococcic septicaemia.

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

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Wednesday’s Times: All items in Ripley’s “Believe It or Not” Wednesday were self-ex-planatory. Friday A woman's Record Catch.

DAVIS FUNERAL SLATED TODAY Pioneer City Woman Niece of President Harrison. Funeral services for Mrs. James Harrison Davis, member of a pioneer Indianapolis family, who died in New York, Monday, were to be held at 2 today. The rites were to be in charge of the Rev. Thomas R. White, assistant pastor of the First I’resbyterian church, and were to be held at the grave in Crown Hill cemetery. Mrs. Davis was born in Indianapolis. She was the daughter of Colonel and Mrs. Archibald Harrison. Her father was the brother of President Benjamin Harrison, and grandson of President William Henry Harrison. Lingering illness resulted in the death of Charles A. Matlock, 67, Wednesday in his home, 2108 North Meridian street. Funeral services will be held at 2 Saturday in Royster & Askin funeral home, 1902 North Meridian street. Burial has not been announced. Miss Catherine Stetzel, 60. who lived in Indianapolis fifty-five years, and was confined in Indiana Christian hospital twenty-five years, died late Wednesday. Funeral services will be held in Kirby & Dinn mortuary, 1901 North Meridian street. Burial will be in St. Joseph's cemetery. INVENT ‘BLOCK LIGHT’ Invisible Violet Rays Advocated for Use in Airplane Cockpits. By United Press DETROIT, April 21.—Invisible ultra violet rays, which produce “black light,” are advocated for use in lighting the cockpits of airplanes. The light was demonstrated at the National Aircraft show here this spring. The violet rays prevent stray light in the pilot’s compartment, thus giving him a better view of the ground when he is flying in darkness. The violet ray light is particularly useful during the hours of dawn and dusk, when it is not dark enough for the radium glow to show well, and still too dark for the figures to show well in natural light. LEAD IN BUCKWHEAT Pennsylvania Farms Raise Onethird of Supply in United States. ’ HARRISBURG. Pa., April 21. Pennsylvania farms produced onethird of all the buckwheat raised in the United States in 1931. according to federal and state agricultural departments. Bradford and Tioga counties produced more buckwheat than the total production of any state in the union except New York. v The 1931 crop for the state aggregated 3,483,000 bushels, and the two leading counties jointly raised 579,000 bushels. Dentists’ Slate Session Set Dentists from all parts of Indiana will take part in clinical demonstrations featuring the annual Indiana State Dental Association convention at the Clavpool May 16 to 18. it vas announced today by Dr. Edward L. Mitchell, program chairman. RAW SUGAR PRICES —April 20— High. Low. Close. January 84 .33 .83 March 99 88 .88 May 61 .59 .59 Julv .69 -66 .66 September 76 .73 .73 December . ; 88 .81 .81 NEW YORK COFFEE RANGE —April 20- * High Lo. C'o s*. May 6.34 6.32 6.34

Registered C. S. JLI JL Patent Offlf* RIPLEY

Bright Spots of Business

By United Press NEW YORK, April 20.—Improvement in the steel business wss reported by Iron Age, which placed ingot production in the country at 32 per cent of capacity, against 21 per cent last week. PHILADELPHIA—EmpIoyment In the anthracite industry rose more than 3 per eent and wage payments nearly 7 per cent from the middle of February to the. middle of March, according to the Federal Reserve bank of Philadelphia. CHlCAGO—Freight car loadings of the Chicago, Rock Island & Pacific totaled 21,754 cars in the week ended April 16, against 20.570 In the preceding week, It was reported. NEW YORK —American cotton is in big demand abroad and foreign use is still growing, according to the New York Cotton Exchange service. NEWARK, N. .I.—Rising income was reported by the Public Service Corporation of New Jersey, with balance for March of *2,239,488, against *2,187,577 in March, 1931, NEW YORK—The New York Central railroad handled 38,892 cars of revenue freight during the week ended April 16, compared with 38.226 cars In the preceding week, it was reported. PHILADELPHIA —Carloadings of the Pennsylvania railroad system in the week ended April 16 totaled 88,675 cars, against 87,440 cars in the preceding week.

In the Cotton Markets

(Bv Thomson & McKinnoni NEW YORK, April 20.—The market was quiet this morning. Prices were 2 points higher than Tuesday and the bulk of the business was done by arbitrage houses. The demand for the fall months was about equal to the selling in the May position. While the dry goods markets are dull, the excellent demand for spot cotton continues. The weekly weather report had no effect on prices. Rains are needed in other localities. It is reported that more than 20,000 stores will participate in the national cotton week. The majority of those who are bullish on cotton hardly-expect the market to do anything before May notice day is out of the way. Buying on declines looks best to us. CHICAGO —April 20— January 6.84 6 78 6 84 March 7 00 6 95 7.00 Mav 6 21 6.12 6.21 July 6.40 6.30 6 40 October 6.64 6.52 6.64 December 6.76 6.70 6.76 NFW YORK January 6.79 6.67 6 79 March 6.95 6.64 6 33 May 6.13 5.99 6 11 July 6.30 6.18 6.30 October 6.56 6.33 6.56 December 6.71 6.58 6.70 NEW ORLEANS March 6.94 6.85 6 94 May 6.13 6.01 6.13 July 6.32 6.20 6.31 October 6.54 6.41 6.53 December 6.69 6.62 6.69 JEALOUS, SHOOTS GIRL Dancing With Another Man Causes Murder at Detroit. By United Press DETROIT, April 21.—The strains of lilting fox trot in a large public dance hall here were cut short Wednesday night by the report of a revolver shot as Gregory Clancy, 22, shot and killed Geneva Ullman, 20, because she danced with another man.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New Terk Stark Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

PAGE 13

WHEAT SHOWS SLUGGISH TONE IN GULL TRADE General Showers Forecast for Belt; Corn Is Steady. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, April 21. Wheat barely moved on the Board of Trad* at the opening today with trading very light. The market was steady with selling checked by a higher stock market and greater strength than expected at Liverpool although that, market was dull and easy. There was nothing much in thr overnight news to inspire action either way. The forecast was for general showers tonight. Corn was steady, but oats was slightly firmer. Open Interest Reduced At the opening wheat was unchanged to % cent higher, corn was unchanged to ’* cent lower and oats % cent higher. Provisions were slow and steady. Liverpool was stronger than expected and only •% to % cent lower at mid-afternoon. With the first delivery day in May only ten days away, liquidation is becoming more of a factor in the wheat market. The open interest has been reduced sharply in the last week, but still is around 36.000,000 bushels. Some May contracts are being transferred into July and September, others disposed of outright. Corn Options Weak All deliveries of com set new low levels Wednesday, with May the lowest since October. 1899. There was nothing to account for the selling except that holders are tired of waiting for an advance and also thp weakness in wheat. May was only 1 cent more than Argentine corn Wednesday, leading to hopes of an export demand later on. The action of oats continues to follow that of corn, but prices are so low that nobody is inclined to sell. Local sentiment remains bearish, Chicago Grain Range —April 21— WHEAT— Prev. High. Low. 11 90. c!or. May 57 .56% .56% .57 Julv 60 Vi. .59% .59% .59% Sept 62% .61% .61% .62'* CORN— May 42% .31% .32 .32% July 38% .35% .35% .35% Sept 38V* .37% .37% .38% OATS— May 22% 2.2% .22% .22% Julv 23% .23 .23 .23% Sept 23% .23% .23% .23% RYE - Mav 44% .43% .44 .44% July 46 V* 45% 45% .46% Sept 48 .47% .47% .48% LARD - May 4.27 July 4.42 4.40 Sept 4 50 4.55 By Time* Special CHICAGO. Aoril 2l.—Carlots: Wheat. 26: corn, 114; oats, 45; rye. 2. and barley, 2. By Time* Special CHICAGO. April 20.—-Primary receipts: Wheat. 608.000 against 593,000; corn. 439 000 against 908.000; oats. 216.000 against 234.000. Shipments—Wheat. 510.000 against 444.000; corn. 437.000 against 448,000; oats. 150.000 against 625.000. By United Pret * TOLEDO. April 20.—Cash grain close: Grain in elevators, transit billing: Wheat —No. 2 red. 57%® 58%c. Corn—No. 2 yellow. 35®36c. Oats—No. 2 white, 26%® 27%c. Rye—No. 2, 46®47c. Track prices. 28%c rate: Wheats-.. 0. 2 red, 52®52%r; No. 1 red. lc premium: No. 3 red. %®3c discount; No. 4 red. 3® 5c discount. Corn —No. 2 yellow. 30%@31%c; No. 3 yellow, 29%®30%c. Oats—No. 2 white, 23 % ® 24%c; No. 3 white, 22%@23%c. Clover— Prime $9. Alslke—Cash, $8.75. ButterFancy creamery prints. 24®25e. Eggs— Extras, ll@ll%c. Hay—Timothy per cwt.. 80c. By United Prcxx CHICAGO, April 20— Cash grain close: Wheat—No. 2 red, 58c: No. 2 hard. 58c: No. 3 yellow hard. 57%c: No. 2 northern. 58c; No. 2 mixed. 58'/<c: No. 4. 56%c. Corn —No. 2 mixed. 31%®i32' 4 c; No. 6, 29%c: No. 2 yellow, 32®32%c; No. 3. 31%fi32%r. No. 2 white, 32%®32%c; No. 3. 31%®32c. Oats—No. 2 white, 24®24%c: No. 2. 24%c; No. 2 heavy. 26®26%c; No. 3, 23%®24%c; No. 4. 22%®23c: No. 2 mixed. 22%: No. 4. 19%e. Rye—No. 4. 43%c. Barley—42 fa' 60c. Timothy—*3® 3.25. Clover—*9® 14.

Cash Grain

—April 20— The bids for car lots of Brain at, the call of the Indianapolis Board of Trade f. o. b.. shippinß point, basis 41 %e Nett York rate, were; Wheat—Easy; No 1 red. 47®48c; No 2 red. 46® 47c; No. 2 hard. 46@47e. Corn—Easy; No. 3 white. 23® 24c: No 4 white. 22® 23r: No. 3 yellow. 23® 24c: No 4 ,yellow. 22®23r: No. 3 mixed. 22®23c: Nd. 4 mixed. 21®22c. Oats—Easv; No. 2 white. 19®20c; No. 3 white. 18®T9c. Hay—Steady <t. o. b. country points. takinß 23%c or less rates to Cincinnati or Louisville.i No. 1 timothy. 57®;7.50; No 2 timothy. $606.50. Wheat—No. 2 red. 3 Cars: No. 3 red. 1 ear; No. 2 mixed. 1 car. Total, 5 cars Corn—(Newt; No. 2 white. 1 car; No 3 white. 4 cars; No. 4 white. 1 car; No 2 vellow. 18 cars: No. 3 yellow. 14 cars; No 4 vellow. 1 car; No. 2 mixed. 1 car; No 3 mixed. 2 cars. Total. 42 CBrs. Oats—No. 2 white. 3 cars: No. 3 white, 17 cars; No. 4 w'hite. 1 car: No. 2 mixed. 1 car. Total. 22 cars.

Local Wagon Wheat

City grain elevators are paving 44c- for No. 2 red wheat, and 44c for No. 2 hard wheat. SIX ARE INJURED AS CAR, TRUCK COLLIDE North. Manchester Residents Arc Hurt. Two Seriously. Five North Manchester (Ind. persons were injured, two seriously, and a truck driver was cut and bruised in an accident today at State Road 31 and Seventieth street. The Manchester residents were motoring to Indianapolis to fctteni a convention, when a tire blew out on the car in which they were riding, causing it to crash head-on into a truck. Mrs. Blanche Leffel, 44. wife of Walter Leffel, 45, the driver, and Mrs. Carl Seitner, 40, passenger, were injured seriously. Leffel, Mrs. Gorman Grossmichel, 42, and Mrs. Nora Bollinger, 40, other occupants of the car. a large sedan, were cut and bruised. All are in city hospital. Curt Collins of Carmel, driver of the truck, was cut on the head and arms.