Indianapolis Times, Volume 43, Number 298, Indianapolis, Marion County, 22 April 1932 — Page 27

APRIL 22, 1932-

STOCKS SHOW SHARP LOSSES ON LIQUIDATION Leading Issues Break Into New Low Ground for Many Years.

Average Stock Prices

Avtrag* l of thirty industrial* for Thursday 52 01. up 2.55. Averag* of twenty rail* 24.45. up 1.43. Aversg* of twnty utllltle* 25.35. up .95. Average of forty bond* 78.13, up 31 By United Press NEW YORK. April 22.—Prices broke fractions to 4 points in a steady stream of liquidation on the Stock Exchange today, leading issues breaking into new low ground for many years. Steel common made anew low since 1908 at off IT* from the previous close, while the preferred made anew low since 1907 at 80%, off 2%. American Can sold down to 42%, off 2%, and anew low since 1928. J. I. Case made a record low at 22%. off 2'i. Several of the oils again were depressed, notably Standard of New •Jersey, which made anew low at. 20%, off I V Royal Dutch, under pressure again in foreign markets, broke to 12%, off %, after an early advance. Several Rails Dip Among the issues to make wide declines were several of the railroad shares. Union Pacific was at 52%, off 4; Atchison 45, off 2%; New York Central 20, off 1%, and Chesapeake & Ohio 16%, off 1. Two inactive issues came out for the first time this year at wide concessions— Cleveland, Cincinnati. Chicago Be St,. Louts preferred sold at 6614, off 45, and New York, Lackawanna & Western at 65, off 28. American Telephone broke to 97'*. off 4 points and within a shade of its low since 1921. Consolidated Gas lost more than 2 points to 49 >4 and North American lost more than a point to 23. CocaCola was down to 94%, off 2%; Eastman 54, off 2%; Allied Chemical 58, ofT 2%; Auburn 39. off 2% an Westinghouse Electric 21%, off i%: Hoarding Is Resumed May com dropped to anew low on the crop at 31%, off % cent from the previous close, while wheat prices were down more than a cent a bushel. Weakness in grains worked against the stock market. Bonds, however, maintained a firm tone with United States issues rising. Traders were disappointed over the failure of the New York federal reserve bank to cut its rediscount rate as had been anticipated Thursday. They also were depressed over the showing of the reserve statement which showed a rise in circulation, indicating resumption of hoarding. The reserve continued to buy government securities, adding $93,000,000 in the last week.

Bank Clearings

INDIANAPOLIS STATEMENT —April 22 Clearings *2.090,000.00 Deposits 3,928.000.00 TREASURY STATEMENT —April 22 Net Balance lor April 20 *144.710,193.06 Expenditures 21,579.084.53 Customs rects month to date 13,705,314.26

New York Curb Market

ißv Thomson <fe McKinnon) —April 22 11:00;Midwest Util ... i a Am G A Elec.. 251 a Mo Kan Pipe .. >1 Am Sup Pwr... 2 INewmont Min.. R'4 Ass G At Elec.. 214 Nat Bd A- Share 4 1 • Cent Sts Elec... 1 Pitt Glass 14 J < Cities Service.. 4VSo Penn Oil ... 12’a Elec. Bd At Sh.. H' Std of li\d 15 3 . Oen Aviation... 3VUn Gas A.. .. t'i Gulf Oil .. 29>,|Un Lt A Pwr. . . 3% Imp Oil of Can 7- ! Ut Pwr ’ 4 Int Pet 9V,\

New York Bank Stocks

(By Thomson At McKinnon) —April 21Bid, Ask. Bankers 51 53 Brooklyn Trust 170 185 Central Hanover 115 119 Chase National 32 34 Chemical 30'* 32U City National 38 \ 40> 4 Corn Exchange 50 53 Commercial 12S 133 Continental 133, Empire 23 25 First National 1 430 1,530 Guaranty 250 255 Irving 16*, 174, Manhattan At Cos 211, 23 7 , Manufacturers 24% 26 1 , New' York Trust 80 83 Public 20 1 a 22'a

Investment Trust Shares

(Bv Gibson A Bernard) PR ICES ARE TO 12 NOON C. S. T. —April 22 _ Bid. Ask. Am Founders Coro com i, Am A Gen Sec A 5 10 Am Inv Tr shares i„ ... Basic Industry shares p 4 . Collateral Trustee shares A ... 3 1 * 3'* Cumulative Trust shares 2- 1 * a l . Diversified Trustee shares A.. 3', Fixed Trust Oil shares i \ Fixed Trust shares A $s 4 *" Fundamental Trust shares A .. 2' a 3 Fundamental Trust shares 8.. 3\ 3', Leaders of Industry A 2% Low Priced shares 2 Mass Inv Tr Sh jj, j Nation Wide Securities 2% 2' Selected American shares 17,I 7 , 3 Selected Cumulative shares.. 41, 5 Selected Income shares 2i, g Shawmut Bank Inv Trust... 2 , 6 3' 4 Std Am Trust shares . 31, Super Coro of Am Trust shares 2 % ‘ 2 3 s Trustee Std Oil A 3 Trustee Std Oil R 2 7 , ji t U S Elec Light A- Power A... 13 15 Universal Trust shares 1% s*,

Foreign Exchange

(By James T. HamiU & Cos.) —April 22 Sterling. England t 3 P 74 1 > 4 Franc. France 0394% Lira. Italy 0514 Franc. Belgium 1400 Marks. Germany 3374 Guilder. Holland 404* Peseta. Spain 0780 Krone. Norway Krone. Denmark 2060 Yen. Japan 3 2M Chicago Stocks Opening (Bv James T. Hamlll A Cos.) —April 22 Bendlx Avis,... 7% Irisull Pfd s 4 Bor* Warner... 7 Lib McNeil Prod 2>* Cent 80 Wat... IT, Middle West .7. Cities Service . 4f, sbd Utilities .. % Com Edison ... 74*New York Liberty Bonds —April 21— Libertv 3>is ’47 100 26 Liberty Ist 4Us 47 1”! 101 26 Libertv 4th 4%s 31 102 23 Treasury 4%s ’52 106 20 Treasury 4s 54 102 29 Tressurv 3a ’55 94.21 Treasury S 3 58 101.10 Tressurv 3s ’47 . 99.40 Treasury 3**s ’43 March 99.40 Treasury 3%s ’43 June 99.30 Treasury J‘ws ‘49 96.60

New York Stocks Thomson Ac McKinnon) ——————

—April 21— Rsilrnad*— Prer. High Ln 11.00. Clos. Atchison 47% 45% 46% 47% Atl Coast Line. I*% 18% 16% 1* Bait St Ohio ... 10 9% 9% 10% Cheaa ft Ohio.. 17H 17% 17% 17% Chess Corp 11 li% Can Pae 13 12% 12% 13% Chi Ort West 2% Chi N West 6 5% 5% 5% C R 1 ft P * 6 Del LAW 14% 15% Del Si Hudson 5* #0 Erie 4% Erie iat ptd 5% 4% Orest Northern 12% 12 12 12% Gulf Mob As Oil 4 Illinois Central.. 11% 11% 11% 11% Lou k Nash 14% 14 M K Ac T 3% Mo Pacific 3% 3% 3% 3% Mo Pacific pfd.. 3% 8% 8% 8% N Y Central ... 20% 20% 20% 21% NY NH St H ... 15% 15 15% 18% Nor Pacific 12% 11% 11% 12% Norfolk Ac Weat 85% 89 O * W 6% 6% Pennsylvania .. 13% 13% 13% 11% Reading 17 So Pacific 15% 14% 14% 15% Southern Ry ... 6% 6% 6% ... St Paul 1% 1% St Paul pfd 2% 2% 2% 2% St L Ac 8 P 2% Union Pacific .. 55 54 54% 58% W Maryland 3% Equipments— Am Car Ac Pdy J% . Am Locomotive '5 Am Steel Pd 51 ' Am Air Brake Sh 9% 83,.. Oen Am Tank igi£ General Elec ... 14% 14 14% 14% Oen Ry Signal. jgi Lima Loco ins" Poor Ac Cos * , ji A IU/ * Pullman 18 15% 15% '17% Wegtlngh Ar B . . .. 4 Westingh Elec... 22% 2i% 22% 22% Rubbers— Firestone •,, Goodrich *'i% 12 / * Goodyear ' * * Kelly Sprgfld "V ~, Lee Rubber ” ** I • U S Rubber ,/ ~, Auburn ......... 39 v iss,. ro.i ~, Chrysler V::" 9% .* 3 2> 4 il General Motors... 11% n% n% iji* Graham Paige .. .. j 2 , 2 Marmon ... “• 13 2 13 * Nash ;;; ;; ’* Packard Studebaker ... ” •* white Motor*... .; ;;; J. 5 Yellow Truck 5 4 5,, Motor Acres*— ’’ 4 * Bendix Aviation. 7% 7% 7% 7% Borg Warner 7 ’ A 4 Bund Wheel % 2, 4 Eaton 3 &£%::: “* .U - 2* 1 L Stewart Warner. .. * *’* L Timken Roll Mining— 15 2 aS!i"nc.::::::: . 9Va •* •* •;* Anaconda Cop... 5% *'.5% ”5.% si 4 fe:::; . 12S * 12V - Cerro da Pasco.. 8% s% "iii 2j* Dome, Mines 9% 9 S 4 Freeport Texas %i,. Gt Nor Ore R 7,5 Hov.e Sound 8% ”5% fi i/. i,, 4 Jnt Nickel g% fil * Si? Inspiration ji 4 2 Kennecott Cop.. 7% '7% 71/. 7s Magma Cop as? * Noranda 14% iii/. 141? U*3*Smelt 185 '’ 18 ’' 2 1S ' 2 Oils— 13/4 Atl Refining Barnsdall 4% 4 “4 4% Mid Conti ..... . 2 4 5,. Phillips 4% --4% 4.4 Pure Oil 4 J 4 Su D „ Ut . Ch ‘ 1234 Picons on ;; ••• j7 4 funded of N*J 2t % 2? 21 ‘ 22>i s“ck-7.v.7 n ,Sj .!$ sSliSi) 10,4 >"■ BMhShV™.' 5 :: "■ Vi ,V 4 RBBt* “ ** ' ji McKeesport tin !. .W in Repub lAc 5... 3% 3% 314 U S Steel .... 30% 29% 29% '30% Vanadium a-iz %,? Tobaccos— 8 * 8/4 Am Sumatra 7 Am Tob IAI new "" R 7 x Ob J BI nf 69 ’ 88 'W'4 89% Lie Ac Myers B so so 7. Lorillard 14% i4% 14% 147* R tt?mt d * Tob -" 32 ’ 4 32 32 32% T'tilitiea— 4 Abitibi • Adaws Bxp '314 •'2% • 3V Am For Pwr ... 4% 4% 4% 41 2 Am Pwr Ac Li... 9% 9', 9*, 01, A T Ac T 100 99% 99% inis: Col Gas Ac E 1... R% ru , 2 10 I,? Sou .. . 2 3 i 2 s /* 2 5 * *>3. Con?? Gas 51 l i 50 3 * 51 u u P^A U - 7 ” 2,2 f 4 Inti T Ac T. .. 6% "fi% "kv. ii 4 Lou Gas Ac El. . * laa; Natl Pwr Ac Li.. 12 ii% "ii% 12 S.*SS gu StU G Ac El f?,’ United corn • %. v fi:) ttn Gas Imp . 17% 18% lfi*. 17 TTt Pwr Ac L A.. 3% 33 3% West Union 27% 27% 27% 28% Shlnnme— Am Inti Corn 5 5% N Y Shin or,, 4 Ul Focrts— rult 20% 30% Am Sue .. ... 173, *rmour A 1% ™ Pkf 8% 6% Dro , ri„ gi? Coca Cola 97 95 95% 973, Corn Prod 32> 4 31% 31% 32 Crm Wheat ... 19 Cudahy Pkg ’3014 Gen Foods 32% 32% 32% 33% Grand Union .. esJ | “ershev 68 68 I Kroger 13 ,3 nUu dW.:::: 83 ' 32 ' 2 Purity Bak 7% '7% “7% 73" Sjfcsvay St .... 46*, 45% 45% 47% Std Brands 11V, 10% 11 n%

Net Changes

By United Press NEW YORK, April 21.—Closing Prices and net changes on principal issues traded on the New York Stock Exchange today: Allied Chemical 60% American Can 45% 2 Amer Tel ft Tel 101% 2% Auburn Auto 411,, i/" ‘ Case J I 2514 % " Consolidated Gas 51% js, Du Pont 31% % Electric Uft L 7% 1, |' Oen Electric 14% s, Gen Motors lit, 1. Int Tel ft Tel 6% % ” Loew's Inc 24 1% National Biscuit 33% % New York Central 21% 1% Pennsylvania 13% % Public Service 44% 2’, Radio 5% % Sears Roebuck 21% % Standard Oil New Jersey... 22% *, Texas Corp 11% % Union Carbide 22 1% U S Steel 30 s . 1 Westinghouse Elec 22 5 . 1 Woolworth 38*4 1%

Rising Wheat Prices May Mean End of Depression

APRIL /932 ACTUAL /q3/ ESTIMATE HARVEST

BY ALLARD SMITH Eittutirc Vice-President the Vnlon Trust Company. Cleveland. Federal government estimates of the condition of the winter wheat crop not only indicate the valid reason behind the recent improvement in wheat prices, but suggest that this main cash item on the agricultural list very possibly may give the first check to vhe long decline in commodity prices. April 1 figures show a winter wheat expectancy of 458.<0.000 bushels. Compared with the 1931 crop of 787,000,000 bushels, this constitutes a 42 per cent decline, accounted for largely by drought conditions in the great plains area and the south Atlantic and gulf states, although there was an abandonment of wheat acreage consti-

> Ward Bkg 7% 7% 7% ... Drugs—- . Coty Ine ... 2% Drug Inc 39% 38% 38% 3% i Lambert Cos 38 37% *7% 37% Lehn Ac Pink 18% Industrials—■Am Radiator ... 8 4% 4% 5 Bush Term 13 13 13 13 Oen Asphalt 8% Otu Elev 13% 13% Indus Chems— Air Red 3* 38 38 3f % Allied Chem ao% 58% 59 60% i Com Solv 8% 8% 6% 6% i Dupont 30% 30% 30% 30% Unlofl Carb 32V, 20% 21% 22 U 8 Ind Alco 21% Retail Stores— I Kreske 8 8 10% 10% 10% 10% Mav D Btore ... ... 13% Mont Ward 7% 7% 7% 7% I Penny J C 27% 26% 27% 27*, Schufte Ret St 1% Sears Roe 21% Woolworth 38% 38 38% 38% j Amusements— I Bruns Ba’.ke 2 Eastman Kod .. 56% 54 55% 56% i Fox Film tA) 2% i Loews Inc 23% 23 23 24 j Param Fam 4% Radio Corp 5% 5% R K 0 3% W’arner Bros 1% Miscellaneous— City Ice Ac Pu 20% ... Congoleum 8% Proc Ac Gam.... 29% 29 29% 29% Allis Chal ... 7% Am Can 44% 43% 44% 45% J I Case 24% 23% 24% 25% Cont Can 26% 25% 25% 26% Curtiss Wr 1% lVs Gillette S R.... 16% 18% 16% 17V, Gold Dust 13% 13% Int Harv 19% 19 19 19% Int Bus M 83% 82 82 82% Un Aircrat 11% 11% 11% 11%

Produce Markets

Delivered In Indianapolis prices: Hens. heavy breeds. 14c: Leghorn hens. 11c: Broilers, colored springers. 1% pounds ud | ISc: Leghorn and black. 1% pounds ud. 15c: ! bareback and partly feathered 10c. Cocks and stags 7c: Leghorn cocks. sc. Ducks. 1 large white full feathered and fat. 9c: small. 6c. Geese ful feathered and fat 6c. Young and old guineas 15r. Eggs—i No. 1. current receipts. Bc. Butter. 26 to 27c: undergrades. 24 to 25c. Butterfet. 22c These prices for healthy stock free from feed bv the Wadlev Company. i By I nitcrl Press NEW YORK. April 22.—Potatoes—Market, firm: state. 51.50*5 1.60 per barrel; 'southern, $7.75*j7.85 per barrel: Idaho. *1.90(52.40 per sack; Bermunda, 57<510 per barrel: Maine, 51A>0<32.15 per barrel; Canada. $1.35(52.40 per barrel. Sweet, potatoes—Market. quiet,; Jersey baskets. 35c(551.50; southern baskets, 60c*7$l. Flour —Market, active; spring patents. *4.40(5' 4.65 Pork—Market, steady: mess. $16.75. Lard —Market. Arm: middle west spot, $4 65(54.75 per 100 pounds. Tallow —Market. quiet; special to extra 2%@3 s ,c. Dressed poultry—Market, dull; turkeys. 15(5.30c: chickens. 16(5 25c; broilers, 16f/. 31c; fowls. 10(522c; capons. 18@35c; Long Islands. 16c. Live poultry—Market, dull; prices unquoted. Cheese—Market, quiet; state whole milk, fancy to spexial. 10%(<ii 19c; Young America, 11 3 /4@I2V2C. By United Press CHICAGO. April 22.—Eggs—Market, steady; receipts. 26.357 cases; extra firsts, 12% (513 Vc; firsts. i1%@12%c: current receipts, 10%(5;l0 3 /,c: seconds, 10c. Butter— Market, steady; receipts. 9,956 tubs: extras. 19c; extra firsts. 18 1 /2<b.18 3/ ,c; firsts, 17 1 aO;i8c: seconds. 16®17c; standards, 19%c. Poultry—Market, firm; receipts, no cars in, 2 due; fowls, 16c: Leghorns. 13c; ducks, 110514 c: geese. 8c; turkeys, 15<5 23c; roosters, 8c; broilers, 23®25%c; Leghorn broilers. 21c; stags, lie. Cheese—Twins, 9%® 10%c; Young Americas. 10%(510 3 ,c. Potatoes—On track. 254; arrivals, 59; shipments, 799; market, dull, steady; Wisconsin Round Whites, 75®85c; Idaho Russets, $1.25(5 1.35; Texas Triumphs. $3.50® 3.60; Minnesota and North Dakota Red River Ohios, 75®80c. By United Press CLEVELAND. April 22.—Butter—Market, steady; extras. 23c; standards. 23Vc. Eggs —Market, steady; heavy fowls, 17c; medium, 17c; Leghorn, 13@14c: heavy broilers, 22(5 24c; Leghorn broilers. 18(5’20c; ducks, 15(5 16c; oTd cocks, 10(511c; geese, lift 12c; stags, lift 12c; capons. 23c. Potatoes —Ohio, New York. Pennsylvania, 60ft'60c per bushel; Maine Green Mountain, $1.15(5:1.35 per 100-lb. sack: Idaho Russet large size, sl.7sft 1.90; medium size, [email protected] per 100-lb. sack. By United Press CINCINNATI, 0.. April 22.—ButterPacking stock No. 1. 18c: No. 2,12 c; No. 3,10 c; butterfat, 13@15c. Eggs—Firm; cases included: extra firsts, 11c; seconds, 9c; nearby ungraded, 10Vi; ducks eggs, lie; goose eggs. 25c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls, 5 lbs. and over, 15%c; 4 lbs. and over. 15%c; 3 lbs. and over, 15%c; Leghorns. 3 lbs. and over, 13c; roosters, colored broilers. 1 % lbs. and over. 20c; 2 lbs. and over, 23c: partly feathered, l* c: Leghorn broilers. 1% lbs. and over, 20c; 2 lbs. and over, 20c; black springers, 12c; ducks, under 3 lbs., sell at 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 nens. 8 lbs. and over, 22c; young toms No. 1, 10 lbs. and over. 16c. RECEIVES PENNY FOR STOLEN BIT OF CANDY Grocery Manager Baffled; It Is From Child or Adult. In this mornings mail Frank Hill, manager of a Standard grocery at 802 Virginia avenue, received an anonymous letter, postmarked in Cincinnati, writer of which had inserted a Mnnv and a brief note, reading: w “Enclosed find a penny for a , sucker I took from your store.” Hill says he is puzzled as to whether the writer was a repentant i child or a superstitious adult. “We never missed the sucker,” he added. SEWER SUIT ARGUED ! Taxpayer Seeks to Block $400,000 Broad Ripple Project. Arguments on a suit by Henry L. Harding, Indianapolis taxpayer, to block construction of a $400,000 sewer system in Broad Ripple, and along Pogue's Run and Pleasant Run, were heard today by the supreme court. The hearing was on petition for reopening of the case following denial of the petition in county courts. The project is being pushed by i the American Legion as a means of providing work for hundreds of uni employed.

tuting nearly 14 per cent fwj the United States as a whole. The percentage of decline in wheat production over last year looms large because the crop of 1931 was very plentiful. The average yield of the last five years was 551,000.000 bushels. In comparison with that a\*rage the indication is for a 17 per cent decrease in winter wheat this year. While April 1 estimates are not necessarily correct, it is a fact that they are usually borne out in actual crop figures with considerable accuracy. Recognition of this is reflected in wheat quotations. Curiously enough, rising wheat prices have marked the turn from depression to better conditions in the past. Observers would not be surprised to see them do so again.

THE INDIANAPOLIS TIMES

SELLING SENDS PORKER PRICES TO NEW LOWS Vealers Drop Sharply in Cattle Mart; Sheep Weak. - Hogs continued to drop into unrecorded low ground this morning at the city yards. Prices were steady to 5 cents lower. Most of the loss was taken by 160 to 200-pound weights. The bulk, 100 to 350 i pounds, sold for $3.40 to $4. Early top was $4. Receipts were estimated at 6.500; holdovers were 353. Cattle were steady in a cleanup trade. Receipts numbered 400. Vealers dropped a dollar, selling at $6 down. Calf receipts were 700. In the sheep market the tendency was lower with the quality plain. Receipts were 200. Opening bids on hogs at Chicago were around steady with Thursday’s average; 170 to 200 pounds bid at $4.05 to $4.15. Practically nothing was done on heavier weights and packing sows. {Selling price on 150 to 200 pounders was $3.90. Receipts were 15,000, including 4,000 direct. Holdovers were 8,000. Cattle receipts were 2,000; calves 500; market, steady. Sheep, 13,000 ; 25 cents lower. HOGS i\P ril - 7 .? ul , k^ e £arlv T°P- Receipt*. iS. | 16. 3.75 ft 4.30 435 3 000 19' 3 sit 41? I’?? 6 -°°° 20: iiSltS til 21. 3.40 ft 4.05 405 6.'600 22. 3.40 ft 4.00 4.00 6.500 Ref,riots. 650; market, lower. Cl4O-160$ Good and choice...* 4.00 ... _ —Light Lights—-(l6o-180) Good and choice.. 400 __ —Light Weights—-*lß9-200i Good and choice... 4.00 (200-220) Medium and good.. 3SO@ 395 ___ —Medium Weights—!7so"9on! 822? and choice.... 3.75 ft 3.90 (250-290i Medium and g00d... 3.56 ft 365 ... —Heavy Weights—-(29o-350) Good and choice... 3.40@ 3.55 _ —Packing Sows—inn"?™! and. g00d... 3.75® 3.15 (100-130) Slaugnter mgs .... 4.00 CATTLE Receipts. 400; market, steadv. Good and choice 3 6 00ft) 775 Common and medium 3.50 ft 6 00 _ (1,100-1,800) Good and choice 6 00 @ 7 7* Common and medium 4iso@ e!oo —Heifers—Common and medium 3.00@ 5.00 'Cow—--822?„a, nd 3.soft> 4.50 Medium ••••••••*,.. . o 7*sfri ca Cull and common 1*5043) 2T5 —Bulla (yearlings excluded)— Good and choice beefs 3.oofti 375 Cutter, common and medium.. 2.00# 3.00 CALVES AND VEALERS Receipts, 700; market, lower. —Vealers— M*d?um Hot Cull and common 2.00 ft 3.50 —Calves— Good and choice ... 3.50 ft 500 Common and medium 2.50# 3!so —Stocker and Feeder Steers Good and choic 4.50® 6 25 Common and medium 3 50# 4 50 „ . „ t , (600-1,500) Good and choice 4.50® 6.25 Common and medium 3.50® 4.50 SHEEP AND LAMBS (Shorn Basis) Receipts, 200; market. lower. & 8 ra d mb c s hoice .g-ggg •’§ Common and medium 4 oofti 6 oo rnU S, o^H e 2 lUm and choice ••• 2.50 ft 3^50 Cull and common I.oo® 2.50 Other Livestock By United Press • April 22.—Hogs—Receipts. 15.000, including 4,000 direct; steady to 10c lower; 140-210 ibs.. s3.9oft 4. 10; top, $4.15; 220-250 lbs., $3.70ft3.90; 260-310 lbs., *3.45 _ P*B S - $3.50®3.85; packing sows, 4>2.75ft)2.90; smooth sorts to $3.10; light I'kbts. 140-160 lbs., good and choice. $3.85 ft. 4.10; lightweights, 160-210 lbs., good and choice. $3.95ft 4.15; medium weignts, 200240 lbs., good and choice, $3.70© 4.15; hea/y weights, 250-350 lbs., good and choice. $3 30 @3-80; packing sows. 275-500 lbs., medium and good, $2.75®3.15; slaughter pigs, 100-130 130 Ibs., good and choice. [email protected]. Cat-tle-Receipts. 2,000; calves. 500: very slow catch-as-catch can market; demand on local and eastern account being extremely narrow, only a few loads in-between grade steers here, most of these being taken at the market in lace of 25c lower bids; li„'ht heifers and mixed yearlings not wanted, but some action on butcher heifers and cutter cows. Slaughter cattle and vealers: Steers, 600-900 lbs., good and choice, *6.75 @8.25; 900-1.100 lbs., good and choice. *6.75 @ B 4?®J _ LIOO-1.300 lbs., good and choice. $6.70ft8.30; 1,300-1,500 lbs., good and choice. $6.75® 8. 35; 600-1,300 lbs., common and medium, [email protected]: heifers, 550-850 ibs., good and choice, $5.50@7; common and medium, [email protected]; cows, good and choice. *3.75@5; common and medium. $2.75ft3.75; low cutter and cutter cows. $1.75ft,2.75: bulls, yearlings excluded, good and choice beef. *3®4.25; cutter. sl.7sft< 2 75; bulls, yearlings excluded, good and choice beef, $3®4.25; cutter to medium, $2.50® 3; vealers, milk fed, good and choice, [email protected]; medium. [email protected]; cull and common, $2.50©3.50: Stocker and feeder cattle: Steers. 500-1,050 lbs., good and choice, $5.25@6: common and medium, [email protected]. Sheep—Receipts. 13,000; slow, about steady with Thursday’s decline; choice wooled lambs. $7.10 to shippers; good offerings, [email protected] to packers; fat ew’es, $2®2.50; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice, $6.25 ft)7.15: medium. $5.50ft6.25; 91-100 lbs., medium to choice. $5.25®7: all weights, common. $4©5.50; ewes, 90-150 lbs., medium to choice. *2(5 3.50; all weights, cull and common. [email protected]; feeding lambs. 5075 lbs., good and choice, $5.25<§:5.75. 3;/ United Press EAST ST. LOUIS. April 22.—Hogs—Receipts. 8,500, including 500 through and direct; market, very slow, 10c lower; top $4; odd lots, $4.05: most 140-200 lbs., $3.90 ®4; 215-275 lbs., [email protected]; 100-140 lbs., 53.65ft3.90; sows, *2.75®2.90. Cattle—Receipts, 400; calves, receipts 800; market, 25c lower on vealers at $5.50; not enough other classes on sale to make a market; a few deals around steady in clean-up trade; a few mixed yearlings and heifers, 54.005ft7.5; cows, $3ft.3.75; low cutters, [email protected]; sausage bulls largely $2.50@ 2.75; good and choice vealers, *5.50; slaughter classes, steers. 800-1100 lbs., good and choice, $5.75®7.75; common and medium. $4©6.25; 1100-1500 lbs., choice *6.25(5 7.25; medium. $5.25 ft 6.50. Sheep—Receipts, 800; market, no early action; bidding lower on spring lambs; asking strong with Thursday's late 50c decline on old crop lambs. De•'irable wooled lambs late Thursday. *1.50 ®6.75; lambs. 90 lbs. down, good and choice. *6ft6.75: medium. *sftß; 91-100 lbs., medium to choice ssft 6.65; all weights common *4® 5; ewes, 90-150 lbs., medium to choice. *2.253.50; all weights cull and common, *1ft2,50.

By Times Special ...LOUISVILLE, April 22.—Hogs—Receipts. 500; weights. 225 lbs. down. 10c higher; Javier weight sow* find stags 50c higher; liS-220 lbs.. $3.85: 225-255 lbs.. $3.50; 260?K 5 300 lbs. up. $2.70: 140-165 J?-’..* 325 ’ 138 lbs - d° w n. $2.85: sows. *1.75 6 2.45: stags, $1.45. Cattle—Receipts. 125; steady; bulk common and medium steers $4.50(8 5.50: good salable to $6.50; bulk beef cows, *3(B 3.5; good eligible to $4; most bulls. *3® 3.25: bulk me-di’-m to good Stockers, *[email protected]. Calves —Receipts, 200 ; 50c lower: good and choice vealers, *4® 4.50: medium and throwouts. $3 down. Sheep—Receipts. 150; supply light, steady on all classes; bulk spring lambs. *B® 8.50; ewe and wether lambs. *6; most buck lambs. *5; threwouts, *4 aown; best light wooled ewes. *2.506 3: heavier weights and plainer grades down to *l. Thursday’s shipments: Cattle 28; calvse. 143. and sheep. 233. By United Press CINCINNATI. April 22.—Hogs—Receipts, 3,000, including 560 direct; held over 3.400; fairly active, 10gl5c lower than Wednesday or unevenly steady to around 10c higher than some late sales Thursday on 160 lbs. up: lighter weights about steady, better grade 160-230 lbs., *3.85® 4.15; mostly *4.15 on 220 lbs. down: 270 lbs , *3.5063.90; 280-300 lbs., $3.35® 3.40; 130-150 lbs.. *3.8564; bulk sows. *2.75; few lightweights. *3. Cattle—Receipts, 500; calves, receipts 500: fairly active, mostly steady: some bids weaker on steers: odd lots, common and medium steers and heifers. *4 506 5.75: a few vearlings upward to *6: best steers unsodl; most beef cows. *3.2594; low cutters and cutter cows. 51.75<83: bulls. *3.50 down: vealers steady; good and choice. *5.50®8; lower grades. *5 down. Sheen—Receipts. 400; steadv with stronger undertone on spring lambs; few bitter grades. *9® 9.50; better grade clipped lambs quotable *6.506 7: common and medium. *4® 6; sheep. *3.50 down. By United Press LAFAYETTE. Ind.. April 22—Hogs— Market, steady to 5c lower. 160-200 lbs., *2.75; 200-210 lbs., *3.70; 210-225 lbs.. gfS; 225-235 lbs.. *3.55: 235-250 lbs.. *3.50; 250-275 lb*.. *3.40; 275-300 lbs, *3.30: 300-325 lbs.. *3.15; 140-180 lbs., *3.60; 120-140 lbs.. *3 50: 100-120 lbs., *3.40: roughs, *1 down; top calves, IS; top Isnta, (6.

BELIEVE IT or NOT

9 A RANCH OF 40,000 SQUARE A\ILES WE NEW ZEALAND "fC£A ’’ WITH AN ACQUIRED- TASTE POR KIDNEY FAT, NOW OBTAINS IT FROM LIVE SHEEP > • the bobbing island FALCON OF THE TONGA ISLANDS APPEARS AND VANISHES IN THE SEA AT INTERVALS * “ NCN Fh_ 1932 . * Dmujn in NEW ZEALAND ‘’fh

Dow-Jones Summary

Trico Products Corporation in quarter ended March 31, 1932, reported net profit of $356,459 after charges and taxes equal to 95 cents a share on 374,991 shares of unrestricted stock, against $514,262. or $1.37 a share in first quarter of 1931. McAndrews & Forbes in 1931 earned $1.94 a common share, against $2.60 In 1930. Mickelberry Food Products declared the regular quarterly dividend of 15 cents cn common stock, payable May 16, of record May 2. Northern States Power Cos. in year of 1931 showed net income of $9,207,209 after taxes, interest, depreciation, etc., against $8,633,966 in 1930. National Power and Light declared the regular quarterly dividend of 25 cents. Pere Marquette March deficit amounted to $126,577 after taxes and charges, against $25,993 in March, 1931: three months’ deficit $477,655. against $470,997. Net profit of L. A. Young Spring and Wire Corporation for quarter ended March 31, 1932. was $5,773 after depreciation. federal taxes, etc., against $233,080 in first quarter of 1931. New England Telephone and Telegraph Company in quarter ended March 31. 1932. reported net Income of $2,371,370 after taxes and charges eoual to $1.77 a share on 1,33,3457 shares, against $3,098,853. or $3.32 a share on 1,332,029 shares in first quarter of 1931. Hancock Oil Companv of California in quarter ended March 31. 1932, net Drofit amounted to *16.820. eaual to 7 cents a share on 231,087 shares of A and B stocks outstanding, against $14,125 and 6 cents a share in first 1931 auarter. Consolidated Chemical Industries Inc., in quarter ended March 31, 1932, showed net profit of $79,569 equal to 39 cents a share on 265,000 class A shares, against $16,095 and 57 rents a share in first 1931 auarter, Brazilian Traction Light and Power Cos. Ltd in March showed balance of $1,419,590 after expenses before depreciation and amortization, against $1,839,779 in March 1931: thre months. $4,110,423 against $5,684,347. Curb short interest as of April 15 was 83,550 shares, against 67.813 on March 31. Marriage Licenses Ralph Figlev, 27. of R. R. 3. Mars Hill, glass worker, and Hazel A. Long. 33. 104 Kansas street, nurse. George W Marshall. 18. of 3633 North Emerso avenue, laborer, and Bernice Mier, 20. of 3633 North Emerson avenue, domestic. Elijah Stone. 57. of 2216 English avenue, carpenter, and Aerv A. Lewis. 44. 424 Villa avenue, housekeeper. Robert P. Vandivier. 29. of Franklin, teacher-coach, and Elizabeth A. Burke. 20. of 420 East Fail Creek boulevard. Building Permits J. C. Prince, repairs. 814-16 North. Jefferson v S2OO. *• Mrs. Fletcher McFarland, repairs, 32 South Illinois. S3OO. John Wachlel Company, building. Southern and Oscar. $3,000. Noble Hinds, repairs. 1813 West Morris. $1,500. James Zwfn, store front. 818 East Sixtythird. SI,OOO. Charles Lowell, dwelling and garage. 314 Hampton drive. $5,000. Other Livestock By United Press CLEVELAND. April 22.—Hogs—Receipts. 500: holdover, none; steady; 140-230 lbs., $4.25; 240-300 lbs., $3.85(8:4; pigs. $4. Cattle —Receipts, 100; market, steady at Monday’s decline;' load 735-lb. steers. $5.50: grade low m:*ium; scattered cows. $1.75 <B4. according to kind; clearance incomplete. Calves—Receipts. 150; market, fully steady; active on better grades at $6®t6.50; odd head higher; cull to good mixtures. [email protected]. Sheep—Receipts, 200: nothing representative here: nominally steady; few medium clippers, $5.50. By United Press PITTSBURGH. April 22.—Hogs—Receipts 1.500; market, verv slow. 15®20c lower: 150-210 lbs., [email protected]: 210-240 lbs., $3.85 <34.15; 260-320 lbs.. [email protected]; 100-140 lbs.. $3.85(34.25; packing sows. $2.75<8 3.75. Cattle —Receipts, 10; market, nominal: medium grade steers quoted $5.50@ 6.50; medium grade heifers. $4.6535.50; beef cows. $3.25(3 4.50. Calves—Receipts. 150; market, mostly steady; better grade vealers, *s@6. Bheep—Receipts. 500; market around steady; good to choice shorn lambs. s6<B 6.75: medium kinds, *4.50® 5.50; good wethers, $3133.50. By United Press EAST BUFFALO, April 22.—Hogs on sale. 4,400; weights below 200 lbs. fairly active to all: mostly steady; heavier weight draggr; 10c or more lower: 150-210 lbs.. $4.35 to mostly $4.40; mixtures. $4.30: plainer lots, $4: 220-250 lbs.. $3.90® 4.20; rough sows. $2.75; packers. *3<g 3.25 Cat-tle-Receipts, 150: rather slow, largely steady; medium sows and heifers, $5.50; common. $4.50: cutter cows. 51.75®2.50. Cattle—Receipts. 650: vealers active, generally 50c higher; some in-between kinds up more; good to choice. $6.50®7.30: common and medium. $3.50® 5.50. Sheep—Receipts. 700: lambs slow, weak to 25c. lower: good to cnoice clippers. *6.50<3 6.75; near choice woolskins. $7.35: few native springers. *9.25 <3lO. By United Frees TOLEDO. April 22 Hogs—Receipts. 150; market steady; top. $4®4.10; mixed, $3.90 3 4.10; bulk. 13.90<34.10; pigs. $3.5063.75; lights. $3.5033.75; roughs. 52.50®3. Cattle —Receipts. 75; market. Slow. Calves— Receipts, light; market, steady. Sheep and lamba—Receipts, light; market,' steady. By United Press FT. WAYNE. Ind. April 22 —Hogs—Market 20315 c lower: top, $3 7563.85; roughs. *3: stags. *2. calves, *5.50 S6; lambs, *B6 (.35,

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 Thursday’s Times: An Indestructible Loss-Proof Watch —In 1930 Wallace William of Charlotte, N. C., riding in an open cock-pit plane over the city, accidentally dropped his wrist watch at an altitude of about 2,000 feet. Upon completion of the ride, the passenger went home to explain his negligence and the loss of his watch to friend wife. But as he entered the front yard of his home, he beheld his watch, strap and all, lying intact under a tree. The crystal was unbroken and, what is even-more remarkable, the timepiece still was running. This unbelievable occurrence has come to me well authenticated and supported by proof. A 116-Mile Race With a Broken Leg—After Earl Labertow ran one and one-half miles with a broken leg in a two-mile race at Lincoln, Neb. v Nov. 21, 1930, the broken leg was X-rayed and a clean fracture 7 of the large bone was ascertained. . Fortunately, the ends of the bone did not separate, dr the d&mage might have proved irreparable. Labertew became aware of an excruciating pain at the- half-mile mark,.without realizing what had happened. He finished tenth in the race and gave a demonstration of Spartan grit and determination. . Saturday 6’4-Year-Old Golf Wizard. ' ~

Mr. Fixit Write your troubles to Mr. Flxlt: He is The Times representative .at tne city hall and will be glad to oresent your case to the oroner city officials. Write him in care ot The Times signing your full name and addrcaa. Name will not be uublished.

Mr. Fixit—Eleventh street between Emerson and Leland is in' very bad condition. Holes in the street make it very dangerous to traffic. Also, the street is very dark and needs a street light at Emerson and Eleventh. T. F. Condition of the street has been referred to attention of Street Commissioner W. H. Winship. Request for a street light has been referred to John Noonan, in charge of street lighting. Mr., Fixit—The alley between Dearborn street and La-Salle street is very dirty and needs cleaning. This is in the 200 block. O. I. The city street deoartment has been asked to give at'ention to this eomnlaint. CITES NEED OF BEER "For It,” Says Detroit Mayor,” But We Haven't Time For Parade. By I nited Prrge DETROIT, April 22.—The American people need beer and should have it, Mayor Murphy said today replying to Mayor Walker’s announcement in New York for a beer demonstration in May. "But” said the mayor, "Detroit right now has even more important problems and we can not officially sponsor a parade here. However, there will be no objection to one.” Civic leaders are joining in a plan to stage the parade. HURLED OFF TRAIN TOP Man Badly Injured In Plunge Off ' Freight Car. By United Press 4 WARSAW. Ind., April 22.—Frederick Martin, 30, of Marion, has learned that the top of a moving refrigerator railway car is no more safe than it is comfortable. As the car on which Martin was sleeping rounded a curve near Packerton Thursday night, he was thrown eighteen feet to the right of way. He was found this morning and brought to a Warsaw hospital, suffering from a fractured knee, broken ribs, and internal injuries.

RY *l***f4 V. A JLI JL Patent Offlcn RIPLEY

Bright Spots of Business

By United Press NEW YORK. April 22.—The preliminary index on business activity, published today by the “Business Week.” stood at 58.3, against 57.2 last week. WASHINGTON—BuiIding operations in March increased 10.1 per cent over February. according to data collected by the bureau ol labor statistics. OMAHA—Union Pacific Railroad Company has let a contract for 52,000.000 in construction on its line passisg through Long Beach. Cal.. It was annnounced. PHILADELPHIA—PreIiminary figures Indicated the Reading Company in March set new high marks fpr the year to date in gross and net operating Income.

The, CBy in Brief

Weekly meeting of the Reginald H. Sullivan Democratic Club will be held tonight at 211$ West Morris street.Mary Fox, New York, secretary of the League for Industrial Democracy, will be a guest tonight at a dinner of the Indianapolis Democracy Club to be held at the Y.. W. C. A. Possibility of the local organization blooming affiliated with the league will be discussed. , J. K. Lilly, president of Eli Lilly & Cos., will be presented the Indianapolis star of service at the weekly lunchedn of the Kiwanis Club at the Claypool Wednesday, May 4, James W. Ingles, chairman of the service star committee, announced today. A paper entitled “Res Judicata,” read by Lewis E. Marine, and a discussion by Howard D. Phillips of “Annulment of Marriages,” featured the meeting of the Young Lawyers’ Association at the Washington Thursday. Twelve candidates for the legislature spoke. Directors of the Indianapolis Real Estate Board met today .at the Washington to act on a proposal td indorse candidates for the legislature who will support a bill providing that the tax on real estate not exceed $1.50 on each SIOO of assessed valuation.

In the Cotton Markets

(Bv Thomson A McKinnon) NEW YORK, April 21.—Prices at noon today were unchanged from Wednesday’s close. Temperatures for the week ending April 19. published this morning, carried the usual plus and minus degrees which are usual over so large a territory, but those representing precipitation all showed a deficiency, lending color to private reports of poor seed germination in some localities. The principal business today was the liquidation of the May position but again as Wednesday later positions were purchased. To us the market has the appearance of being as traders say sold out. We expect better prices. CHICAGO —April 21High. Low Close. January 6.87 6.84 6 87 March 7.04 7.00 7.04 May 6 28' 8.18 6.23 July 6.46 6 37 6 41 October 6.69 6 59 6 62 December 6 84 6.78 6.80 NEW YORK January 5.84 6 77 6.77 March .j,. 7.03 6 92 6.98 May 6.18 8 08 6 08 July 6.36 8 28 6 28 October 6.61 6 52 8 52 December 6.77 6.68 6.68

Local Wagon Wheat

City grain elevators are pavfng 44c for No. 2 red wheat, and 44c for No. 2 hard wheat.

Zaiser & Zaiser Incorporated Broken Stock* and Bond . IX9 E. Market Lincoln *373 Lincoln *167

PAGE 27

RAIN FORECAST FORCES WHEAT DOWN Corn and Oats Follow Major Cereal’s Decline Early _ in Day. BY HAROLD E. RAINVILLE United Press StsfT Correspondent CHICAGO, April 22.—Weakness in stocks and at Liverpool combined with showers in the southwest and the forecast for more precipitation tonight or Saturday gave wheat a fractional downturn as the Board of Trade opened today. There was liquidation in May and scattered selling in the other months with little buying support at the start. Corn was about steady with action slow. Oats was in line ■with corn and dull. Canada Seeding Delayed At the opening wheat was % to % cent lower, cbm was unchanged t 0.% cent lower and oats unchanged to, I ,* cent, lower. Provisions, were very slow but slightly firmer. Steps toward currency inflation, which the trade feels would be effective first in grains, were encouraging Thursday, but with adjournment of congress ' only six weeks away, little legislation can be expected. This offset the liquidation of May Thursday, however, although unfavorable crop news was ignored. Canada is getting a lastminute visit from winter, which means further delay to seeding, although supplying needed moisture. Liverpool Opens Off Liverpool opened .lower and was unchanged to t* cent lower at midafternoon. The country is offering com mor freely as planting progresses under favorable conditions. Wednesday's export business was encouraging and leads some traders so believe declineSi will bring in more business. . . . While oats hold about steady, there is no definite trend, f’he cash demand remains active at times with some grain moving to the northwest. Chicago Grain Ranc/e —April 22 ‘ ‘ WHEAT —4 . , ; . Prey. High. Low. 11:00. rlosf. May .57% .56% .56% .57% July 60 V* .59% .58% .60% i Sept. .>.62% .62 .62 62% CORN— May' .. .32% .32 .32 * .32% July 35% .35% . .36% .35% Sept 38% 37% .37% .38 V, ’OATS— • ■ •May ... . ,23 .22% .22% .23 July .23% .23% .23% .23% Sept 23% .23% .23% .23% RYE— May 43% .43% .43% .44 July 45% .45% .45% .46 Sept .. .48 LARD— May 4.35 4.35 J ul V 4.47 4.47 Sept 4,82 4.64 By Times Special CHICAGO April 22,-Carlots: Wheat, barley o r 6’ 167 ’ ° atS ’ 63; rye ’ °' an< * " By Times Special CHICAGO. April 21.—Primary receipts: Wheat. 608.000 aeamst 593.000; corn. 439 - 229 9 °8.n00: oats. 216.000 against 234.000. Shipments—Wheat 510.000 strain ;t 844,000; corn. 437.000 against 448,000; oats. (150.300 asainst 625.000. I By United Press , j ‘TOLEDO, Jl.-)Cb.sh grain close igrain in elevators, transit billing: Wheat I o. 2 red. 58®59c. • Corn—No. 2 yellow, j I 3-5%ft36%c. Oats—No. 2 white. 2fi%ft 27%c. _ Rye—No. 2. 45%ft46%c. Track prices. 28 %c rate; Wheat—No. ‘ 2 rcT 53 ’ ft3%c: No. 1 red. lc premium: No.'3 red. % to 3 cents discount; No. 4 red. 3 to 5e ■ discount. Corn—No. 2 yellow, 31ft32c; &°riiv/L v /i 11 ?. w ‘ l or ' i 31 , r - ts—No. 2 white, : 23%ft24%c: No. 3 white, 22%323%C. • Clover—Prime; $9. Alsfke—Cash. $8.75. : Butter—Fancy creamery prints. 24ft25c. Eggs—Extras. 11®11%c. Hay—Timothy, J per cwt. 80c. ■ By United Press A P ril 3t.—Cash grain close: Wheat—No. 2 red. 58c: No. 3 red. 57%® hll 2 H C %?°%? hard. 58(®58%c; No. 3 yellow . hard. 57c: No. 4 yellow hard weevtJy.rssVic; No 2 northern, 59%c; No. 2 mixed. 57® S7 < 2C J #?‘ mixed.. 56c. Corn-No. 3 mixed 32%c: No. 3 mixed. 31%ft32c; No. 5 ye low, 3?%®.33 I *c: No.; 3 vellow, 31%ft 32 J,*. C; 2 ft white, 32 3 ,ft 33>4c: No. J white. ,32%c. ©a\-—No. white. 23%ft2%c; • No. 3 tfhite. 21*,ft24',c. Rve—No sales. SaNfiV—42®6oc. Timothy—s3S 3.25. Clover —s9(?i 14.

Cash Grain

—April 21— The bids for car lots of grain at the call f. o.' b., shipping point, basis 41' 2 c New of the Indianapolis Board of Trade. York rate, were: Wheat—Steady: No. 1 red. 473 47c; No. 2 red. 46346 c; No. 2 hard. 46346 c. Corn—Steady: No. 3 white. 23®.24c: No. 4 white. 22623 c: No. 3 yellow. 23324 C; No. 4 yellow, 22323 c": No. 3 mixed, ~ 22<@ 1 23c: No. 4 mixed. 213 22c Oats—Steady: No. 2 white, 19320 c, No. 3 white. 183 19c, , . H . a Y—Steady: (f o. b. country points taking 23' 2 c or less rates to Cincinnati or timothy!* *636°50 } Um ° thJ '' N ° 2 —lnspections— Wheat—No. 2 red. 2 cars: No. 3 red. 4 cars. No. 2 mixed, 1 car. Total. 7 car*! * Corn inewi-No. 2 white. 6 cars: No. > 3 white. 2 cars; No. 2 yellow. 26 ca -s- No. 3 yellow, 9 car*- No. 4 yellow. 1 car. No. 2 mixed, 3 cart. . Total. 47 cars Oats— No. 2 white. 2 cars. No. 3 white, HELD IN GEMS THEFT Youths Accused of Looting Girls’ Apartment of Jewelry. Two youths were arrested today following theft of jewelry from Apartment 8, 244 East Tenth street, occupied by Eva Harding and Inez Owens. The youths are William Wise, 13, Apartment 3. 224 East Tenth street, and William Armstrong, 15, of 208 East Fifteenth street. It, is charged that five rings, a brooch and two sets of ear rings were stolen. I DIPLOMATS IN PARLEYS Arms Conference Recess Permits Informal Talks at Geneva. . By Unittd Press ' ’ . GENEVA. April 22.—European, American, and eastern diplomats began a series of informal conferences today with the world disarma- ! ment conference adjourned over the week-end. Paul Hymafis of Belgium discussed the far eastern situation with Secretary of Btate Stimson.

James T.Hamill & Company Private Wires to AU Lending Markets Indianapolis MEMBERS Chicago stocli Exchange Chicago Board of Trade Indianapolit Board of Trade Associated New York Curb 203 Continental Bank Bldg. T *L. Kllev *493—Kitey *4*4