Indianapolis Times, Volume 44, Number 2, Indianapolis, Marion County, 13 May 1932 — Page 20

PAGE 20

STOCK ISSUES RALLY AFTER EARLY SLUMP Rail Group Under Pressure During Morning. Firms Up at Noon.

Average Stock Prices

Avrt of thirtv industrial* for Thursdev SS 42, off 2 SI. Average of twenty rail* 19.2* off 111 A'rr* of twenty '"ilttlea 23 1* off 72 Average of forty bond* 73 as. off SO. BY RICHARD L. GRIDLEY United Pro** Financial Editor NEW YORK, May 13 —Persistent rjnkness in railroad stocks continued to depress the stock market today, but weakness was by no means as apparent as in the previous session. Many important railroad shares slipped to neew record low levels, but toward noon a better tone developed and the entire market refovered part of its moderate early lomm. The usual crop of rumors arrompanled the new decline in the rail issues, but there was little tangible excuse in the days news to account for unloading of carrier issue*. Pressure was heaviest on Union Pacific, which fell 2% points to 45%; Atchison, which fell 2 points to 31 1 j, and New York Central, which lost nearlv a point to 11%. Among the Van Fweringen issues Missouri Pacific preferred lost nearly 2 points to anew record low at 7 V Bond Value* Drop On the bond market, securities of the Alleghany Corporation, Van Swerlngen holding company, sold at 7 cents on the dollar. Figures made public today by the interstate commerce commission showed aggregating net operating income of 167 steam railroads in the first quarter of this year at 566.028.474, against $108,533,156 in the corresponding period of last year. Rail weakness bore heavily on the remainder of the lust. United States Steel declined to more than a point to 27"*, but later recovered slightly. American Telephone crossed 07 after reaching anew low of 96 , and similar comebacks took place in the other sections. The market at noon, however, still was below previous closing levels. Market News Scarce News developments were scarce. About the only important influence was the prospect of increased borrowing power by the governmentowned reconstruction finance corporation, which was interpreted bearishly in speculative quarters. United States government bonds, however, were able to make small gains, aided somewhat by news that the. federal reserve banks had purchased an additional $100,000,000 of these securities in the last week in its easy money policy. Railroad bonds, however, were weak in sympathy with their respective stocks. Pressure on the commodity markets lifted somewhat. both cotton and grains holding steady.

Bank Clearings

INDIANAPOLIS STATEMENT - Ms v It— Cl* rings *2.084.000 00 Debits 4 572.000 00 TBEASIBT STATEMENT Mv 13 Net balance for Mar 11.. 8574.M4.7M.83 Expenditures 15,138.572.93 Customs rects mo to ds'e . 8.189.898 81

Foreign Exchange

'Bv James T. Hamill * Cos.) —Mae 13Open. Sterling. England 3 68 Pranc Prance 0394'. Lire. Italv OSIS Franc. Belgium 1405 Mark. Germany 2389 Guilder. Holland 4054 Peseta. Spain o*l2 Krone. Norway 1845 Krone. Denmark 2000 Ysr. Japan 3150

New York Bank Stocks

ißy Thomson Ar McKinnoni Mav 13— Bid. Ask. Bankers ,49’s 31* Brooklyn Trust 188 183 Central Hanover 108’* 110'* Chase National 29k. 31 * Chemical 2# 1 . 31'* Citv National 33 * 35'* Corn Exchange 4# * a '* Commercial 112 Continental 13'. 15 Umpire 30 -* First National I.MS 11*5, Guaranty 227'a 232'a Irvine 15’ •*’* Vanhatten A- Company... 20'. 22'* Manufacturers 33 25 New York Trust 20 a 73 a Public 19 j 31* WINS DRILLING AWARD ( omptni C at Washington Is Chosen in R. O. T. C. Company C. commanded by Captain Robert Jacobs, won a competitive drill among the four companies of R. O. T. C. at Washington high school Thursday. Lavelle-Gosset poet No. 908. Veterans of Foreign Wars, presented the winners with a bronze plaque. The post announced that the presentation of the plaque will be an annual event. Fred K. Myles of Kansas City, Mo., national deputy chief of staff, made the award. Walter G. Gingery, principal, responded for the school.

Gone, but Not Forgotten

Automobile* tenoned to police * stolen belone to: WtM*m D. Barker. R HI. Greenwood. Ind.. Chevrolet truck. T 56-915. from southe**t of Greenwood. Ind r R Hallock 386? Rockville road. Chevrolet cabriolet. 49-839. from 4IS Kentucky avenue. Georgo Gebhardt 852 Prospect street. Bulck coupe. 115-116. from rer of 852 Prospect street Fred W Behrolucke. 3716 North Capitol ■ venue. Ford aedan. 123-452 from New York *nd Pennsvlv*ni* *treet*.

BACK HOME AGAIN

Stolen automobiles recovered bv police belone to. Paul Ramsev 3420 North Meridian street. Aot ?. Chevrolet coupe, found in rear of 334 sVeat Twenty-first street Ford Tudor no license plates, piece of card board in rear bore number M->OO. found at Lincoln and East streets John Oote R. R. 9 Box 57* O. Chrysler aedan- found in atlrv at rear of 526 East McCarty street Nola Lockhart. 831 West Twenty-eighth atraat. Huntlncror. W. va . WiUvs-Knight sedan, found in allev between Spann and Fletcher avenue* west of Laurel street. William SamDton. 1214 North Pershing avenue. OidsmoMle sedan, found at Alabwma and Michigan streets.

New York Stocks •g. Thomson ft McKinnon)

Mav 13S*lln<*— Srtt High. bom Cl©** elo*e Atchison *3 ll'i n 13% Ati Coast un* . .. ... ... It’* Btlt ft Ohio .. IS S* IS !’ Chess ft 0hi0... II 14% 14% Itli Ch** Coro 8% 8% Can Pae 10% 10% KM* 10% Cbl N W**t ... 1% 3', 3% 3% C R I ft F ... r. 3% IN .. De! L ft W ... 13% UN UN UN D*i As Hudson , .. ... ... S3 1 -* Erie ... ... 3’* Erl* Ist ofd .... . .. % Or*st Northern l\ *% *% IN Illinois Central IBS #N 9% IB Kan Cit* So $ Lu ft Nash .* M K ft T 2‘. Mo Pacific IS 2% Mo Pacific nfd .. ... .. S’* N Y Central .. 13 UN UN ri Nickel Plate ... .. IN NYNH ft H . ll’a 10V* lON lIS Nor Paetflc ... N * 8% Norfolk ft W**t .. ... 70 SON O ft W 5% *V Pennsylvania 10N JON 10N JON So Pacific ... . 10% lON lON 30N Southern Ry ... 4*4 * * }S St Paul .... IN IN 8t Paul pfd IN IN 8t I. ft 8 P IN IN Texas ft Pae -Onion Pacific ... 47N 45% 40N 41' * Wabash IN W Maryland 2’ Equipment* — ... .. ... Am Steel Pd N Am Air Brake Sh 7N Gen Am Tank ... . . 13 13 General Elec. ... 12% 13** ISN 13N Gen Ry Signal ... 12 Poor ft Cos 3N ... Pullman 14% 14% 14% 15 Westlngh Ar B lON Westingh Elec .. 24N 2JN 34 24 Robber*— Firestone UN UN Goodrich IN *N Goodyear ... 10 10’. Kelly Sprgfld ... 1 1 U S Rubber IS Motors— Auburn J3N 32N 33N I* * Chrysler *N * *N 8% General Motors 10* lON 10N U Graham Pslg* .. .. ... ... IN Hudson 4N Hunp I** Mack 13 Nash !0N Packard 2N Peer!*** ... 1 Reo ... ... 1N St’idebaKer 4N 4'* Yellow Truck 2 Motor Acre**— Bendlx Aviation. AN *’ Bora Warner 4* 4N Briggs ... * S'* Budn Wheel .... . ... I'* El Auto Lite ... UN UN UN UN E! Storage 'B- I*' Houds IN IN Murray Bodv ..... ... ... 4N Sparks-W IN Stewart Warner 2N Timken Roll 13N 13N Mining— Am Metals .. .. JN 2% Am Smelt • *'2 SN I'l Am Zinc ... 3 ... Anacond* Cop ... ... 4N 5 Alaska -tun ... AN IS Cal ft Hecla SN Cerro de Pasco A A’* Dome Mines 9% Freeport Texas 14N IS Great Nor Ore. 7 7N Homerlske Min. .. ... ... 12? Int Nickel S'* SN Kennecott Cop . 7 AN AN 7 Nev Coas ... IN SN Noranda ... 13% 13N Texas Gul Sul 17N 17 U S Smelt 13N Oils— Amerada 15 Atl Refining ... UN 11 11 UN Barnsdall 4N 4N Houston IN IN JN JN Mex Sbd ... * * Mid Conti 5 4N Ohio Oil 7N 7N 7, 7N Pan Amer <B> . .. ... ... 33% Phillips 3N 4 Prairie Pipe ..... ... ... AN Pure Oil ... 3N JN Roval Dutch ... 15N 15'. Ift*. 15% Shell Un 3 Cons Oil 4N 4N Skeily 3*. Stand of Cal lON I9N 19N 19N Standard of N J 24*. 23*. 24'. 24N 80c Vac SN *% RN SN Texas Cos 10N 10N 10N 10N Union Oil 4*. 9N Steele— Am Roll Mills SN SN Bethlehem 13N UN UN 13 Bver* AM *'/ a'4 McKeesport Tin SA S3 1 * 33N 35* * Repub I ft 8 33 U S Steel 23N 27% 2*', 28N Vanadium AN 7 Youngst 8 ft W 4 Youngst 8 ft T A l . Tohsrcna— Am Tob A New ... AS Am Tob B New.. A A A* 67% Con Cigars ... ? * Lig ft fivers B 4A 49 Lortltaro ... ... 13% Reynolds Tob 31N 31*. 31*. 32% United Cig i* Utilities— Abitibl in Adams Exp ... .. ... JN JN Am For Pwr ... ... 3’, Am Pwr ft L 1... 7N A T * T B7N 96% 97 97% Col Gas ft E 1... R 77a A Com ft Sou .. 2*. IN JN 2-’a Cons Gas 49% 4*'* 4RN 4RN El Pwr ft Li AN A * Gen Gas A N 1 Inti T ft T ft 4% 4N 5 Lou Gas ft El . .. lAN Natl Pwr ft U UN IIN UN UN No Amer Cos .. 23% 23 N 23'.* 24 Par Gas ft El.. 2SN 2ft*. 2SN 25N Pub Ser N J... 42% 43 43*. 44*. So Cat Edison 24 24N Std C. ft E 1... 14*. 14N 14N is United Corn .. A S’, S’, 5N Un Gas Imp lAN Ut Pwr ft L A .. 2’, West Union 31'. 30N 30'. 21N Shinning— Am Inti Corn 4% N Y Ship JN United Fruit... Ift’i 15*. IS*. UN Fond*— Armour A ... ... % Can Dry .. 7N 7*. Coca Col* .. 0* *l7* 92% 93 N Cont, Baking A .. 4 3*. Corn Prod JN 3'* JN J4N Cudahv Pkg JS JSN Cuban Am Bue ... ... N Gen Foods IN 28% 29N JON Grand Union 4N Hershev SSN -tewel Tea 22 'l Kroger ... 12’. Nat Biscuit JJW 32JSN J3< Natl Datrv 22N Purity Bak ... ... JN Plllsbury 17 Safeway 5t.... 44N 43N 44 4SN Std Brand* UN UN UN 11% Drue*— Cotv Inc JN Drug Inc J7N JSN 30 37N Lambert Cos ... ... 32 N Indualrial*— Am Radiator.... 4N 4% 4*. 4% Bush Term - 7N Gen Asphalt ... 7N 8 OH* Etev 13 Ulen N N

New York Curb Market

'Bv Thomson ft McKinnon' M* v 13— 1100 1100 Alum Cos of Am 25'.. Hvdro Elec .... s'^ Am Cvanamid . 2 s , Int Pete 10% Am G*.s ft Elec 25 Mead Johnson .. 42% Am Sup Pr 1% Nat Aviation .. 3% Asso Gas A El 2% Nat Bd & Share 20 Brazil Par ft Li S'.- Nia Hud Pvr 4% Cities Service.. 3% Niles 6 Com Edison . 65% p-nroad ....... 1% Elec Bft Share It*, St Reris Paper.. 2'. Gen Avtation ..2 So Penn Oil ... 12*, Ford of Can .. o’, Std of Ind .... 17% Ford of France 4 Un Gaa <A* ... t Great Aft F .125 Un Fndrs ’• Goldman Sachs. 1%

Net Changes

B" t nited Prett NEW YORK. May 12—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today: Off Allied Chemical 53% 2 American Can 38% 1% Amer Tel ft Tel *7-% I'* Atchison , 33% 2*. Auburn 34% 2% Beth Steel 13 % Cate J I 21% 2 Ches ft Ohio 15% ’* Chrysler *% *• Cons Gaa 4**, 1% Du Pom 39% 1% Electric Power *’■ *a Gen Electric IS’ * Gen Motors H % Int Tel ft Tel 5 % Montgomery Ward *’ % National Biscuit 33*, 1% New York Central 12 I*. North American 24 % Pennsylvania 10% *a Public Service 44% % Radio 4 Sears Roebuck 17 1 Standard Gas . 15 1 Standard Oil New Jersey ...... 24% 1% Union Carbiffe 17% 1% Union Paciflc 48% 3% U S Steel ... 2**, % WesUnghouse Electric 34 1% Woolworth S3 %

Investment Trust Shares

•Bv James T. Hamitl A Cos i PRICES ARE TO It NOON. —Mav II Bid Ask. Am Founders Corp com H ' 2 Amer and Gen Sec tAi 1 Anver In' Tr Shares l’a l’a Collateral Trustee Shares tA> 2*. 3t Cumulative Trust Share* 2' 2'j Diversified Trustee Shares •A 6 .... Fixed Trust Oil Share* V* ... Fixed Trust Shares tAi S'* ... Fundamental Trust Share* A• 2’* S Fundamental Trust Shares iß' 2% 3 ! Leaders of Industry (A) 2*. 2’* Low Priced Share* I** 2 l a Mass Inv Trust Shares 12 13', Selected Cumulative Share* .. 4k 45* Selected Income Share* 2* 2** Shawmut Bank Inv Tru*t 1 Std Amer Trust Shares 2’a 3* a Super Corp of Am Tr Shares 2 2* Trustee Std 10l 'At 3 £* Trustee Std Oil iß' 2% 3 C 8 Elec Ught 6t Pwr |A|.. 13% U\

Inda* Cben Air Red 3* 31 38 3f% AUled Chem ... *3% *3% tt • Com Bolv .... SN N *N JN Dupont . . . 38% 38 * JBN 2;* Union Carb ... 1R 17N 11N 17* U 8 Ind Alco UN UN Retail fiteree— Assoc Dry Od Gfmbel Bros Kreige 8 8 .... 10N 1* U }*’* Mav D Store •£. Mont Ward *> J • Penny J C . 21N 31N 21N 22 Sears Roe IR’, UV 18N 17 Woolworth . .. JIN SIN *IN *2 Amusements— Eastman Kod .. 4S 43 N 44 4ft Pox Film A *% 2_* Grigsby Oru * % N Loews Inc 3N 33 w Par am Fam * * ' Radio Corp .... 4 IN *N 4 R-K-O „ ?% Warner Bros IN IN Mlaceltaneoas — Airway App . City fee ft Fu. 1N 1N UN 1* Congoleum Proc ft Gam... 20 39N 39*. Allit Chal - . SN Am Can 37N 37 37N 3*N J I Case 31N 31 21N 21*. Cont Can 24 N Curtiss Wr .... IN 1 1 1 Gillette 8 R ... 14N UN I*N 14N Gold Dust Int Hare 11 lAN UN 17’. Int Bu* M 79 *0 Real Blik ... SN 4N Unu Arcft 7N 7N 7% IN WORLD TRADE PLANKS ASKED Women Put Proposals Up to Democrats. R<i Serippt- flmrnrd ,\ etrtpaprr A llionre WASHINGTON. May 13— Planks aimed at the resumption of world trade, economy, and the bulwarking of world peace today were urged upon the leader* of both parties by representative* of the Women* International League for Peace and Freedom. A delegation today waited upon Democratic Executive Director Jouett Shouse and Senator Simeon D. Fess, Republican national chairman, announcing the platform proposals they will ask the parties to iclude in their national platforms at Chicago. These Include: Revival of world trade through a lowered tariff, cancellation of debts and reparations and the recognition of the de facto government of Russia. Reduction of high taxes through greatly lessened expenditures for military and naval purposes, "which have been increased by $120,000,000 in the last five years.” Policies of constructive world peace such as membership in the world court, an agreement to consult with other governments In case of a violation of the Kellogg pact or o*.her threats against world peace, and legislation to make possible the control of traffic in arm as a necessary part of the outlawry of war. BESEECH LAWMAKERS TO CUT U. S. EXPENSE County Tax Reduction Group Heads Write Indiana Senators. Plea for reduction of governmental expenses to conform with taxpayers’ ability to pay, was sounded by officials of the Marion County Association for Tax Reduction in a letter today to Senators James E. Watson and Arthur R. Robinson and Congressman Louis Ludlow. "Thousands of our citizens have been out of employment for months and are engaged in a bitter struggle to meet the bare necessities of li.e, let alone the payment of constantly higher taxes. Hundreds of citizens see their homes jeopardized because of inability to pay the amounts assessed against them for expenses of government,” the letters read.

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds. 11c; legnorn hens. 10c; broilers, colored springers. 2 lbs. and up, !7c: 1% to 3 lbs . 13e: bareback and partly feathered. 10c; leghorn and black, 1% lbs and up. 13c: cocks and stags. Sc; leghorn cocks. 4c. Ducks, large white, full feathered and fat. 7c: small. sc. Geese, full feathered and fat. sc. Young and old guineas, 15c Eggs No. 1 current receipts, 10c. Butter 25 to 21c: undergrades 24 to 25c. Butterfat. 23c. These prices for heaitbv stock free from feed. By the Wadley Company. By United Prett NEW YORK. May 13.—Potatoes— Market, active: southern. S4ft9 per barrel; Idaho. 53.15ft2 40 per sack; Bermuda. s6ft 8.50 per barrel: Maine. 51.10W2.25 per barrel; Canada. *1 35ft2.50 per barrel. Sweet potatoea—Market, steady: Jersey baskets, 35c®*1.75; southern baskets. 60cft*1. Flour—Market. dull: spring patents, S4 20®4.40. Pork—Market, quiet; mess. $16.75. Lard —Market, easier: middle west spot. 54.30ft4.40 per 100 lba. Tallow—Market. quiet; special to extra. 2%®2%e Dressed poultry—Market, quiet: turkevs. I4ft3oc: chickens. 15ft27r; broilers, 15ft 28c; fowls. SftJOc: capons, 18ft35c: Long Island ducks. 14%ft15e. Live poultry— Market, quiet; state whole milt, fancy to specials. 10%ft19%e; Young America, 11%ft12%e.

Local Wagon Wheat

Citv grain, elevators are paving 42c lor No. 2 red wheat, an 42c for No. 2 hard wheat. Chicago Stocks Opening <Bv Jxmes T. Hamtll A Cos. —Mav 13— Bendlx Avia .. ' Com Edison .... 87'a Borg Warner... 4 s . Mldlde West ... Citle* Service .. 3\ Natl Std 12' Cord Corp 2'a Swift Int! 15’* Cent Chi com.. >• Ut A Indus pfd 5' 2 Cont Chi pfd .. 7* Other Livestock Bn fulled Pm* TOLEDO. Mav 13.—Hog*—Receipt*. 250: market. 104i20c higher: top. $3,404x3 50; mixed. $3 40*i 3.50. bulk. 53.4063.50: pigs. *3*l3 25: lights. $3*i3.23: roughs. *262.25. Cattle—Receipt*. light: market, slow Calves—Receipt*, light: market strong and 50c higher: choice to extra. $66 6 50: fair to good. *5*35.50. Sheep and lamb*—Receipt*. light; market steady; spring lambs. *57. Bn f'nitrd Pm* FT. WAYNE. Ind.. May 13.—Hog*—Market. steady: pigs and light lights. $363.25; lights. $3 2563 35; mediums. $3.1563.35: heavies. $363 15: roughs. $26 2 25; stags. $150; calves, ss@s 50: lambs. SSB 5 50. Bn United Prct* EAST BUFFALO. Mav 13—Hogs—On tale. 3.300: acUve to packers. 5610 c over Thursday'* average: good to choice. 1506 240 lb* . $3 80 6390 : 250 lbs. and pigs. 53.75: few 275-lb. butchers. $3 50 Cattle — Receipts. 150; rather slow; steady at midweek's decline yearlings, steers and heifers. $5.90; fat cows. *3*?3 25: cutter grades, t 1.5083 25: medium bulls. $2 45 down; calves, receipt*. 8000; vealer* unchanged: demand only fair; good to choice. 866 6 50; common and medium. 53.506 * Sheep—Receipt*. *00: lamb*, uneven but mosflv steady: good tb choice clippers. 85.7566.25; on* load closelv sorted Bfl-!b. average. 86 50: throwout*. *5 down; fat ewe.*. sl6l 50. few native springers, $84(8.50. Bn rmtfd Prr* CLEVELAND. Mav 13—Hog*—Receipts. 800; holdover, none: mostly steadv top 10c hither at 83.80: only 160-310 lbs. aorta: talking at less on 140-230 lbs. mixtures. 220-300 lbs., kinds. $3.546 3 60. pig*. *3.50. Cattle—Receipts. 200; around steady: medium light steers, *5 2565 35; scattering upwards to $5.65; cow* and bull* scarce: calve*, receipt*. 300; active, steadv: bulk. *6.50; top *7: little under. $5 Sheen Receipt*. 300; fully, steady: nearly good to near choice clipped lamb*. *5 25*/5 50; throwouU. $264 so; few medium to good springers. *lB6.

THE INDIANAPOLIS TIMES ”

HOGS REGISTER GAINS IN GULL TRAOING RANGE Cattle and Calves Show No Change From Previous Session. Hoge reversed their trend of the last few days and moved up for slight gains at the city yards this morning. Price* generally were 10 to 15 cent* higher. The bulk, 100 to 350 pounds, sold for $3.10 to $3.55. Early top held at $3.55. Receipts were estimated at 7,000; holdovers were 122. In the cattle market steers were negligible, cows steady. Heifers displayed a dull tone. Receipts numbered 400. Vealers were unchanged at $5.50 down. Calf receipts were 700. Sheep were undeveloped with indications pointing to a lower range. Receipts were 1,200. Despite the weak demand for hogs in Chicago this morning, prices turned upward, t. oving 5 to 10 cents higher than Thursday's average. The ulk, 160 to 200 pounds, was bid $3.60 to $3.70, while practically nothing was done on heavier weights or packing sows. Receipts were estimated at 14.000. including 6.000 direct; holdovers 4,000. Cattle receipts numbered 1.000: calves 5.000; market strong. Sheep receipts 6,000; market strong. HOOK May Bulk Eurlv Top. Receipt*. 8. *3 3S4j 3 7ft *3.75 4.600 7. 3 3547 3.75 3.75 3.500 9. 3.30$ 3 AO 3 AO 10.000 10 3.10$ 3.50 3.5 ft 8.000 11. 3.10$ 3.40 340 8.000 12. 310# 3.40 3 45 6.500 13. 3.10# 3 sft J sft 7,000 Herein!*. 7.<Wtt; market, higher. 1140-lAO* Good and choice.. I 3.407; 3 50 —Light Item*— <l6O-180' Good and choice... 3.5 —Light Weights—-<lßo-200' Good nd choice... 3 sft <2OO-220' Medium *nd g00d... 3.40 ft 3.45 —Medium Weights—-<22o-250' Good and choice ... 3 30® 340 <250-290. Medium and good.. 3.20®' 3.75 —Heavy Weights—-<39o-350G00d and choice 3.108 3.20 Packing Sows—-<3so-500'—Medium and good.. 3.25® 3.00 <IOO-1301 Slaughter pig* 3.25 ft 3.30 CATTLE Receipts, 400; market, steady. Good and choice ( 5.75@ 7.50 Common and medium 3.50® 5.75 1.100-1.800) Good and choice s - 78 ? 7 - 50 Common and medium 4.50© 5.75 —Heifer*— Good and choice 5.25© 6.50 Common and medium 3 50® 5 25 Good and choice 3.25® 4.50 Medium 2.75 ft 3.25 Cull and common 1.50® 2.7a —Bull* excluded)— Good and choice beef* 3 00 ® 3.75 Cutter, common and medium 2.00® 3.00 CALVES AND ft’EALERS Receipt., >00; market, *te*dy. —Vealer*— Good and choice * 5.00® 5.50 Medium 3.50 ft 5.00 Cull and common 2 00® 3.50 —Calves— Good and choice 3.50® 5 00 Common and medium 2.50 ft 1.50 —Stocker and Feeder Steers— Good and choice 4.50® 8.00 Common and medium 3.50® 4.50 <BOO-1.5001 Good and choice 4.SO® A.OO Common and medium 3.50® 4.50 SHEEP AND LAMBS (Shorn Ba.ia) Receipt*. 1.200; market, ateadv. Good and rhoice * 5.50 ft 6.00 Soring lambs 5,00 ft 7.50 Common and medium 3.50 ft 5.50 Ewes, medium and choice ... 1.50 ft 2.35 Cull and common 50ft 1.50 Other Livestock Bii I nitctl Prrn* CHICAGO. Mav 13 —Hogs—Receipt*, including 5.000 direct: 5-10 c higher, heavtea up least: pigs unevenly- higher; 140-210 lbs.. 53.55*13:70; top. 83.75; 220-250 lbs.. 53.45 ft 3.65; 260-310 lb*.. S3 25ft 3.45; pigs. 53.25ft,3 50; packing aows. 52.85ft3; light lights 140-160 lb*., good and choice, *3.50 ft 3.70: light weight 160-200 lbs., good and choice. $3.55ft3.75; medium weight* 200-250 lbs., good and choice, *3.45®3.75; heavy weights. 250-350 lbs . good and choice. *3.20 ft 3.55; packing aows. 275-500 lbs., medium and good *2.75ft3.15; slaughter pig*. 100130 lbs. good and choice, *5 15®3.50. Cattle—Receipts. 1.000; calve*. 500: hardly enough of anv class to make a market; prices generally about In line with Thursday; quality plain; slaughter cattle and vealers; steers 600-900 lbs.. good and choics. *5.75ft7.25: 900-1.100 lbs., good and rhoice. |5.75417 25: 1.100-1,300 lb.. gooo and choice, $5.75ft 7.35; 1,300-1,500 lb*., good and choice. 5ft7.35: 600-1.300 lb*., common and meuium. *4.25ft 5.75; heilers. 550-850 lbs . good and choice, *sft 6 25; common and medium. *3.50ft5; good and choice. *3 50ft4.75; common and medium. 52.50ft3.50; low cutter and cutter. *1 25ft 2.50; bulls yearlings excluded, good and choice beef. S3ft4.2s; cutter to medium, *2.50ft3.10: vealers. milk fed, good and choice. 55ft6.50; medium. *4.soft 5; cull and common. 53ft4.50: stocker and feeder cattle: steers 500-1.050 lbs., good and choice. 54.75 ft 5.73; common and mrdium. *3.soft 4 75. Sheep—Receipts, 6.000. few sales and most bids steady; choice Colorado wooled lambs bid 36 by outsiders; plain kinds. 55ft5.25; clippers and spring lambs absent; slaughter sheep and lambs: spring lambs 90 lbs. down, good and choice. *sft 5 05. medium. *4fts; 91-100 lbs., medium to choice. *3.75ft5 SO; all weights common. S3ft4; ewea. 90-150 lbs., medium to choice. Slft2.2S; all weights cull and common, [email protected]. B</ Timru Rprrial LOUISVILLE. Mav 13—Cattle—Receipts. 125: slaughter classes In negligible supplv: quotable steady with weak undertone: common and medium slaughter steers and heifers. *4 50ft5.25; few. *5.50ft5.75; beef cows. *3 50 down; bulls, *3.25 down; lowcutters and cutter cows. *1 25fi2.50: most light Stockers. $4.505.25. Calves Receipts. 300; steady; good and choice vealers. *494.50; medium and throwouta. *3 down. Hogs—Receipts. 700 10c higher: 170-230 lb* . *3.25 235-255 lbs . *2.95: 280295 lbs *2 60 ; 300 lbs. up. *2.10; 140-165 lbs.. *2.65: 135 lb*, down, *2 35: sows, *l.lO ®1.85. Sheep—Receipts. 1.000: not fully established: earlv bidding mostly steady; quality and sorting considered indications; bulk springer*. *7.50 to mostly *8: one lot strictly choice, *8 50; better light lambs and throwout*. *5 60ft A; old crop lamb*. *5 down: fat ewe*. 42 Thursday's shipments: Calves. 100: hogs, 22A and sheep. 992. Bu rnitrd Prr* CINCINNATI. May 13.—Hogs—Receipts. 5.100 including 990 direct; held over 300; uneven, about steadv: better grade. 160-230 lbs.. *3.60ft3 65; mostly *3 65 on 320 lbs down: some interest* .stopping at 210 lbs.; 230-260 lbs . *3 25©3 50: 275-JOO lb*. *3ft 3 15: 120-150 lbs.. *3 40: aows. *2 2502 50 Cattle—Receipt*. 525: calve*. 400; generally steady: salable supplv very light: odd lot*, common and medium steers and heifers. 14.25 ft 5 50: some better finished kinds. *5.75ft6: a few yearlings. *6.35: bes cow*. *3.256 3.75; low cutter and cutter cows. *1.7563; bulls. *3 50 down: vealer* uneven; average about steady: better grades largely *5.506 5.75: choice. *6; lower grades. *5 down Sheep—Receipts. 1.000; spring lamb* weak to moitly 35c lowr qualltv in general not very desirable: a few better grade*. *7.75 6 8 mostly: best quotable up to *8 25: common and medium. *66 7; sheen steady to weak; fat ewes. Slff! 50. B I'nitrd Prrt* LAFAYETTE. Ind. Mar 13—HogMarket steadv to 5c higher: 160-300 lbs.. S3 30: 300-210 lbs.. *.4 20 : 210-225 lb*.. (3 15; 225-235 lbs *3 10 : 235-250 lb*.. *3.06; 250275 lbs. *3: 275-300 lbs. *3.95: 300-325 lbs. *2 90: 140-160 lb*. *3: 130-140 lb*.. 42.90: 100-120 lbs.. *2 75; rough*. *2 50 down: top calve*. *5;.t00 lamb*. SA: spring lambs. *7. Bv Vnitttl Prrn EAST ST LOUIS. Mav IS.—Hogs— Receipts. 7.000: market. 10ft 15c higher; top. S3 60: bulk 150-230 lbs . *3.5063.60; 246300 lbs.. 53.35 6 3.45: 100-140 lbs. *3 15ft 3.50. sows, 53.306 3.55. Cattle—Receipts, 400. calves, receipt*. 500; market, moderately active in cleanup trade, with alt classes generally steady; a few steer* in good flesh. *666.35; two ears Texas grassers. S4 R 5: mixed and heifers, largely 44.5065.50; cows. 42.75 6 3 50. low cutters. 51.35ft1.75; top sausat* bulls. *3: good and choice vealers. S5 50. Sheep—Receipts. 1.800: market, spring lambs opened steady with Thursday* decline: bulk tp c::r butchers early. S* 756 7.25; no action oh others; asking steady. Bu Vniltd Prr PITTSBURGH. May 13 -Hogs—Receipt*. 3.500: market. lOftlSc higher: 160-200 Ihs . *3.856 4; 210-240 lbs . *3.50ft3.75: 350-320 lbs.. *3.1563.40: 100-150 lbs.. 53.35ft3 80; packing sows mostly S3 2563 SO. Cattle— Receipts. 10: market nominal good ateers quoted at $898.70: medium grade downward to 85.15; medium to good heifer*. $4.25 9 5.50 Calves—Receipts. 300: market steadT: good and choice vealers. $4.7598. Sheep- Receipts. 600. market about steadygood and choice shorn lamb*. $4.755.5© spring lambs. 88 5098 50.

Dow-Jones Summary Ward Bakmg Company declared a d.vidar.d of 51 on preferred stock against *l.7* quarterly, previously Great Northern March net lee* amounted te JI.S9A.4T* after charge*, against net lew es S9M.AM In March. 1981; three month*' net teea totaled *5.609.370. again.! 11.A47.MM. Associated Oil Company In March quarter reported earnings at 23 cents a share, against 47 cents in March. 1911. quarter. Miseourl Pacific in March quarter showed net loss of (3 733.900 after charges, against net ineome of *580.095 In Mareh. 1931 quarter. Wheettnr 9 Lake Erie in Mareh qaarter reported net inaeme totaling 5*1.171 after ehargea, agalaat 8151.989 la Mareh, 19*1. qaarter. I. Miller ft Son*. Inc . in year ended Feb. 29. 1933. showed net loss of *1.439.884 after charges, against net loaa of *390.994 in fourteen months ended Feb. 3*. 1981. Tide Water Oil Company In March Quarter reported earntngs at 4 cents a share on 5 per cent preferred stock, against net loss of *1.145.344 in March. 1931. quarter. Censamptlea af crade robber hr raanafaetirera la Ualted Stmtea in April totaled 26.968 long torn, against 27.it* in preclens months, a decrease es 6 7-19 per cent; domestic stocks of erode robber on April I* waa estimated at 34A.A9A long lona, against 334,566 an March 31; April stocks show an increase es 2 i-U per cent above prerious months and 50 2-19 per cent above April 36. 1931. Brokers' loans during week ended May 11 decreased *6l f/00.000 to *436.000 000; non-brokers' loans off *6.000.000: federal reserve system ratio 8.4 6 against 66.1 s week ago and *4 5 a year ago; New York reserve bank ratio 54.6 against .46.7 and 90 4, respectively.

The City in Brief

MTURDAY EVENT* Acacia annual state banquet. A, Reottish Rite cathedral. -Indiana Connell on International Relations conferenca. alt day. Claypool. Engineering Soelety luncheon. Board of Trade. Alliancp Francaiae luncheon, Washington. Dr. Harry D. Gideon**, professor of economics at the University of Chicago, who i* in the city to spealc before the Conference of Indiana Council on International Relations, addressed members of the Exchange Club in the Washington today on "Reparations ana Interallied Debts in 1932.” Member* and alumni of Sigma Delta Kappa legal fraternity will attend the annual spring dance at 9 Friday night at the Wayside inn. Forty-second street and Keystone avenue. Members ot the committee in charge of the dance are: Edwin Shea, chairman; Jerald Senelon, Palmer Padgett and Paul Piazza. Quarterly inspection of the local recruiting station of the navy. 217 Occidental building, was made Thursday afternon by Captain J. S. Abbott of Chicago. The station is in charge of Lieutenant R. J. Townsend. Mothers' Club will give a cardbunco party in the Fountain Square theater building Saturday night. Literary Club No. S will meet tonight in the English where C. S. Wikoff, candidate for United States senator, will speak on "How We Can Return Prosperity.”

In the Cotton Markets

—May 12— CHICAGO High. Low. Cloae. January 6.25 6.15 6.15 March 8.40 6 32 6.32 May 5.84 July 5 *4 5 71 5.74 October 6.04 5.82 5.94 December 6.18 6 06 6.07 NEW TOUR January 6.1* 6.09 6.09 March 6 33 6 24 6 35 Mav 5.62 5.53 5.54 July 5 70 5 60 5 62 October 5 96 5.85 5.86 December 6.11 6.00 6.01 NEW ORLEANS March 6 38 6 20 6 20 July 5.74 5 59 5 62 October 5.74 5 59 5 62 October 5 94 5 81 5 83 December 8.06 5 94 5.98 NEW YORK COFFEE RANGE —May 13— High. Low. Cloae. July 8 70 8 6* 6 66 September 6.59 6.50 6.59 December 6.48 8.41 6.48 RAW SUGAR PRICE* —May 12— High. Low Close. January 77 .75 .75 March 81 .80 .80 May .54 .53 .53 July 82 .60 .60 September 69 .67 .67 December 75 .74 .74

START OILING OF ' STATE’S HIGHWAYS

Detours, Road Conditions Listed in Traffic Bulletin. Road oiling on state highways got under way this week, with the traffic bulletin of the state highway department listing two projects. One is on Road 9, Shelbyville to Hope, where a fourteen-mile detour has been established over a good gravel surface. The other is on Road 23, Grovertoivn to Walkerton. with no detour. Detours and general road conditions are set out in the bulletin as follows: Road B—Detour from three mile* west of the Junction with Road iS to NapDanee. account paving, la eight miles, good gisvel. Road 9—Detour at one mUe north of Fountaintown. account culvert construction. is two miles, good gravel but narrow. Detour north of Hone, account surface repairs, is one and one-half miles, good gravel. Roads 9 and 34—Detour at northeast edge of Huntington, account construction of subwav approaches, is one-half mile, good gravel. Road lJ—Detour from two miles north of Middleburv to the Michigan state line, account paying, ia seven miles, eocd gravel. Road 14—Detour at flva miles east of Winamae account of grading work, ia three and one-half miles, good gravel. Road 15—Detour from Bilver Lake to the east city limits of North Manchester, is ten miles, good gravel. Half this detour Is over state Road 14. Road I*—Detour from function of Road 53 to Road 41 account paving, is sixteen miles, good gruel and stone Road 18- Dctour from Junction of Roads 3. 5 and 18 to one mile north of Marion, account sarinr. ia seventeen miles, good gravel and stone. U. 8. Road 24—Detour at the weat edge of Logansport. acocunt paving, is two and one-half miles, food gravel and citv streta. (Account of sharp turna into narlow sub-wav. long wheelbase trucks avoid.* Road 25-Detour from Lafayette to Arch’erville. account paving, and bridge construction. la 6.5 miles, good gravel. Detour from one mile south of Delphi to one mile east of Roekfleld account pavement and bridge construction, la twelve miles over good gravel. U. S. Road 37—Detour from one milk south of Monroe to two m:iea north of Monroe account paving, ia three miles good gravel.

WHEAT SHOWS EASY TONE ON LIGHT SELLING Lack of Demand Is Chief Factor iri Opening Dip. BY HAROLD E. RAINVILLE I'nitfA Freto Staff CrrryrpwnAent CHICAGO. May IS. Deapite strong cable*, wheat price* eased in a light trade at the opening of the Board of Trade today. Scattered selling more than offset the timid supuport. Liverpool was strong on a good cash demand and bullish South American statistics as well as a change in the exchange rate. Easiness in stock* and a disinterested attitude on the part of buyers were the chief factors at ths start. Corn was about steady, but tended lower with wheat. Oats was firmer in a light trade. At th* opening wheat waa % to % cent lower, com was unchanged to % cent lower and oats unchanged to J 4 cent higher. Provisions were *teady and slow. Liverpool was stronger than expected and showed % cent lower to N cent higher at mid-afternoon. Sentiment in the grain pits remains confused as the result of the existing political and financial conditions. Observers say that the pits are devoid of any good buying power. Com hsis shown a good degree of resistance to selling pressure and finds fair support on any dip of consequence. The cash market is quiet. The shipping demand for oat* is being maintalhed In fair volume. 31.000 bushels being taken Thursday. Chicago Grain Range - Msy 18— WHEAT- Pr* v - High. Low. 11:00. elo. July MN 58’. 5* SfU Sept SBN 58N SSN *N Dec BIN .81H .81% .81N CORN- ’ July 33N .JIN .13 .*!’ Sept SAN J4N 34N S4N Dee. SAN 34% .34% 34N OATS— July .93*4 .* .MN .32 Sept. N .J9N Dec 24 •/ RYE— July AON .49 40N .40N Sept 41 4 .41N LARD— July ..... ..... 4.05 Sept 4.17 Bu Tinir Bptciol CHICAGO. Mav U—Cariote: Wheat. 29: corn. 45; oat*. 41: rv. 34. and bsrlev, 6. By Timet Special CHICAGO. Msy 12—Primary reeeiots Wheat. 704.000. against 774.000; corn. 258.000. against 319.000; o*U. 240.000 against 304,000. Shipments; Wheat. 833.000. against 1.286.000; corn. 382.000. against 385.000; oau. 401.000. against 148.000. By United Prett TOLEDO. May 12.—Grain In elavators. transit billing: Wheat—No. 2 red. 58Nft 57Nc. Corn —No. 2 yellow. 24ftSSc. Oat* —No. 2 white. 38N<a27Nc. Rye—No. 2. 45ft 44c. Track prices. 38Nc rate: Wheat No. 2 red. SlftSlNe: No. 1 red. lc premium; No. 3 red. N®3c discount; No. 4 red. 2Nft4e discount. Corn—No. 3 yellow. 29'2ft30c: No. 3 yellow. ?*Nft29c. Oat*—No. J white, 2JNO24Ne; No. J white, 23Nft23Nc. Clover—Prime. *9; *l- - cash. *8.75. Butter—Fancy craamsry prints. 234124 c. Eggs—Extras. UNttl3c. Hsy—Timothy per ewt.. 80e. By United Prett CHICAGO. May 12 —Caah grain close Wheat—No. 2 red. 549 54Ve; No. 3 yellow, hard. 56ft5%c; No. 3 vellow. hard, 54c; No. 3 northern. 58®58Nc; No. 3 mixed. 55Ne. Corn—No. 2 mixed. 32c: No. 4 mixed, 31c; No. 1 yellow. 3JNe: No. 3 yellow, 32Ne: No. 2 vellow. 31<tJINc; No. 4 vellow. 31e; No. 2 white, 32®32Nc: No. 3 white. 32c Oats—No. 2 white. 34®34%e; No. 3 whit*. 32';i933*/*e. Rye—No sales. Barley—364Bc. Timothy—S3.7SftS. Clover —*9ft13.50.

Cash Grain

—Mav 11— The bids for car lot* of grain at the call of the Indianapolis Board of Trade, f. o. b.. snipping point, basts 41 %e New York Rate, were: Wheat—Weak: No. 1 red. 4546 e; No. 2 red. 44945 c: No. 2 hard. 44945 c. Corn—weak: No. 2 white. 34025 c: No. 3 white. 33934 c: No. 2 vellow. 23&24e: No. ivellow. 22ft3Se: No. 2 mixed. 3J23c: No. 3 mixed. 21ft32e. Oats—Weak: No. 2 white. 19ft20c: No. 3 white. 18919 c. Hay—Bteadv; (F. o b. country points taking 23%c or lass rates to Cincinnati or Louisville ) No. 1 timothy. *797 50; No. 2 timothy. 8696.50. —lnspections Wheat—No. 2 red. 5 cars. Total. 5 car*. Corn—No. 2 white. 2 cars: No. 3 white. 1 ear; No 2 vellow. 4 cars: No. 3 yellow. 1 car; No. 2 mixed. 1 car. Total. 9 cars. Oats—No 3 white. 3 cart; No. 3 white. 13 cars: No. 3 mixed. 1 car. Total. 17 cars. New York Liberty Bonds —May 13— Liberty 3%a ’47 100.00 Libertv Ist 4s ’47 101.00 Liberty Ist 4>is ’47 101.80 Liberty 4th 4~4s ’3B 102.00 Treasury 4%s ’52 105 00 Treasury 4s ’54 101.24 Treasury 3s '55 92.00 Treasury 3%* '56 99.24 Treasury 3%s '47 88.16 Treasury 3%s '43 <Mareh< 98.80 Treasury 3%s '43 iJunei 98.1*

Road 39—Detour at three miles northwest of Logansport. account paving, ia one-half mile, good gravel. Road 33—Detour at five miles west- of Anderson account of paving, is five tnd one-half miles over fair gravel. Road 35 —Detour at thirteen miles north of Salem account of bridge repair Jt five miles, good gravel but narrow. Detour from Bean Blossom to Nashville via Helmsburg. is ten miles, felr grgrel. U. 8. Road 36 —Detour from one mile east of Monteiuma to H<xkriUe. account paving, la eight miles. Fair gravel surface but four miles Is winding road with narrow bridges. Detour from Junction with Road 43 <o Belnbrtdgc account of paving, ia seven miles; fair gravel surface. Road 37—Detour from Tell City to St. Croix account of grading and paying is forty miles, over state Roads 96. 345. 163 and 82. all dustlesa except twelve miles. Road 3*—Detour from Cadis west account of grading work, la four and onehalf miles good gravol surface. TJ. 8. Road 40—Detour from Manhattan to Junction with Road 43 account paving gap at Putnamvine. is twelve miles all paved. U. 8. Road 41—One-way traffic because of paving gaps at two point* north of Vincennes. Road 43—Temporarily rerouted through Crawfordsville account of street paving. Road 44—Detour from Glen wood to ConnersviUe account of oaving. ia sixteen miles, two and one-half miles concrete and thirteen and one-half miles good gravel. Road 46 Detour from Ashboro weat account of paving is twelve miles, good gravel. Road 47—Detour from Crawtordavllla to four miles west of W, re land is twenty-one and one-half miles, mottle over state Roads 43 and 384. Road 48—Detour from Coostertoc north account of etty sewer construction and oaving. is four mliea. good gravel. Road 54—Detour between HobbieriU* and Sorlngvllle. account construction, u eight miles: between Avoea and Needmor* three miles. Both over narrow, stone roads; narrow bridges. Through traffic at junction of Roads 45 and 54 take Road 45 te Bloomington, thence Road 37 to Bedford. Road 57—Detour from Petersburg to Washington account grading, is via Monroe Citv and Wheatland. i twenty-one miles good condition, mostly paved state roads. Road *3—Detour from Hanover southwest account of paving, la 8.1 miles: fair gravel, narrow In places. Road *B—Under cooat ruction between New Harmony and Kaason. detour either via Mount Vernon or Cvnthlana over state roads, each rout© being about thtrty-flve miles U. 8. Road 158— Detour from Pslmvra to New Albany account of paving near Greenville. is thirty-five milts vta Corvdoo. over Roads. 38 and 83. all oil mat and o*vemenu

Bright Spots of Business

NEW YOIIK* T xVt —A seasonal revival lit retail trade, gradual uotura m 'utgnobU# production and a tteel market were reported In Brad'treet s weekly btialneaa review. WASHINGTON—A or* M9ew •* anthracite totaled 4.479.794 tent, an hereaaa es 861.99S tewe ever Mareh. aeeerdlng le the Aathraelte hwreaa es w---ferwtatte*. NEW YORK—American Airways. Inc. earrtad 88 per cam mow passengers the first tour month* qf 1*33. than in 'he eoreaoonding period of 18*1. while miles flown sad sir maU earrtad mereaaed *1 and 7 per cent, respectively. L. T. Coho, president, said. MONTREAL—Canadian OattoM. Td . reported fer the veer ended Mareh 81. an aparattng profit of $129,811. against 8199.497 In the preeedtnr fiscal year. NEW YORK—Tide Water Aaaoclated Oil Companv reported for the first quarter a net profit of $527,801 against a net loaa of 8191.875 In the first three months of I*2l. LINKS INJURY YO FIRE DEATH Youth Thinks Kin’s Slayers Run Him Down. Asserting he wax knocked to the pavement and injured by an automobile driven by a man or men he believes are responsible for the torch death tragedy of his brother. March 35. in Garfield park. Michael Murphy, 14. of 3667 Bioyd avenue, today sought aid of Beech Grove authorities in a search for the driver. The brother of th Are victim reported to Marshal (Red) Terrill of Beech Grove that while selling extras of the Lindbergh baby tragedy Thuraday night at Keystone and Troy avenue* he w* struck by a small car bearing no license plates or displaying no lights. The youth told Terrill that he felt he had been "folllowed” by a man or men he believes responsible for his brother's death. William Murphy, 38. died March 36 at city hospital of bums incurred under mysterious circumstances in the southwest section of the park. His clothing aflame, Murphy ran more than half a mile to a Are engine house, muttering incoherently of gangsters and revenge. Acquaintance* of the man said he suffered from mental illness. Following discovery of ashes of a small Are In the park where Murphy was burned, police believed j Murphy fell *sleep near the Are and that his clothing accidentally caught Are. Michael Murphy incurred minor j injuries to his left leg when struck by the auto, Terrill said. The youth . Is recovering today at hi* home. DEMANDS ARMY CUT Hoover Quoted ‘lnsistent’ on $24,000,000 Saving. By United Prett WASHINGTON. May 13.—President Hoover was declared today to be insistent on a minimum cut of $34,000,000 in appropriations tor the army In the coming fiscal year. Representative Will R. Wood (Rep., Ind.\ ranking Republican member of the house appropriations committee, after a conference with the President made this statement. He said the President did not insist on -eduction in off ice rt specifically, but emphasized that Mr. Hoover demanded the minimum $24,000,000 cut. Wood charged that army officials appearing before the appropriations committee had tended to misrepresent to some extent the President's j attitude on savings in the war department. . . $lB5 SPENT IN BENCH RACE BY CHAMBERLIN Amount Includes Payment of $l5O to Committee. Primary campaign expenses of Judge Harry O. Chamberlin, Republican renominated for the circuit court post, totaled $lB5 and included a $l5O contribution to the county committee, an account on file today with County Clerk. Glenn Ralston revealed. In his race for the legislative nomination, Newell W. Wood, Republican, spent s6l. contributing $25 to an anti-Coffin organization. Others who filed accounts are: Austin H. Todd, tor coroner, *53: Herman L. Carter, for leflxlature, $34.39. Republicans. and the followins Democrats: Carl S. Wood, tor circuit court Judie. $97; William J. Rollea, for commissioner. Third district. *3* 50, John Shalby tor state representativa, *87.50; Leo X. Smith, tor state representative, 8130 and Thomas T. Ryan, tor state representative, 83.79. DEMOCRATS LAUNCH UNEMPLOYMENT STUDY Senate Committee Named to Form General Relief Policy. By United Prett WASHINGTON, May 13 —Senate Democrats today appointed a special committee to.studv the question of unemployment relief and formulate a general policy to be passed on by the party in Its efforts to combat that problem. The committee will include Senators Wagner <N. Y.), Walsh <Mont), Pittman (Nev.), Bukley (Oj and Minority Leader Robinson. Births Boy* Joel and Blanch* Martin, 1226 North Tacoma. John and Bunie* Dennis, 730 South Capitol. Joseph and Lilly C.dwell 1414 North Missouri. Joseph and Edith Byrne, 3027 North ntinets. John and Marjorie Robinson. 199 North Grant. Girl* Nall and Helen Pierson. 3264 Martindale. Jsmee and Florence Burton, 948 Chadwtek. Carl and Irma Feryv, llo* North Arsenal. Alonao and Pauline Connor. 713 Paretic. I Charles and Pearl West, 1031 Chadwick. Fredrick and Aifreda Hueston, 1423 Mil- I burn. Twins William and Lillian Barrett. St. Via- 1 cent’s hosoital. bora. Deaths Henry Schaeherslehner. 88 20* Orange, chronic myocarditis. Emma K. Cooper. *3. 30*d College, cerebral hemorrhage Lyle Keesling. 10 months, Methodist hospital, accidental Granville Davis. *3. 3380 Kenwood, chronle interstitial nsphritle. Amertcus Wood Conner. 77. 1301 North Alabama, encephalitis. Catherine O'Connor. sd. 304 I. Emerson avenue. accloentaL .

_MAY 13,

SMOOT FIRES OPENING BLASY IN YAX OEBAYE Speedy Senate Action to Revive Business. Demand of Finance Chairman. RY LYLE WILSON United Press fitaff Cerrenimndea* WASHINGTON, May 13—Chairman Reed Smoot of the senate finance committee today opened th* $1,000,000,000 tax bill debate in th 9 senate with a plea for speedy en- : actment to end business uncertainty ! and fear. He warned the senate ' that every day of delay costs the j treasury $2,000,000 In uncollected ; higher taxes. Smoot advocated a general sales tax as the fairest and most efficient form of taxation, but conceded reluctantly that the attitude of the house made enactment of such a tax "highly Improbable." Veteran of Senate The veteran chairman and senior member of the senate—he was ! sworn in this chamber March 4. 1903—spoke from his aisle seat He read from manuscript, in a voice which often failed to carry to the listening galleries. From that conspicuous position in the very center of the chamber, a-here In the past he proudly told of vast treasury surpluses or prospective tax reductions, the chairman spoke today of deficits and | ‘ credt facilities that refuse or fall : to function.” Conceding somewhat to the storm of anti-tariff criticism which beats around the bill. Smoot said that with the exception of consideration of tariff items, the work had been nonpartisan. Cite* Immediate Need The duty of congress, he insisted. is to provide immediately adequate federal revenue and safe- ' guard public credit. Federal expenditures for the fiscal year of 1933, are estimate to be $4,113,000,000. The deficit already Is more than $2,?)00.0f0.000. Smoot called for united administrative ajtd congressional action to ' obtain economy. Smoot indicated he saw small ! prospect of reducing outlay*, for j veterans. \ HOMEOPATHY SESSION WILL OPEN TUESDAY Initial Institute Meeting to Rr Devoted to Rusine**. ! Sixty-sixth annual meeting of the Indiana Institute of Homeopathy will be held at the Columbia Club Tuesday and Wednesday, i First session, opening at 9:30 j Tuesday morning, will be devoted to reports of institute officers and committees, election of new members, and other business matters. Annual banquet will be held at fi:3o Tuesday night. Dr. Thomas ;A. McCann of Dayton, 0., will be i the speaker. Programs Tuesday afternoon and I Wednesday morning will include 1 papers on various phases of practice. Officers will be elected at noon. Present officers of the institute are: J. M. Hicks, Huntington, president; Dr. L. G. Dill, Logansport, and Dr. Frank Beardsley, Frankfort, vice-presidents; Dr. Lotus M. Slabaugh. Nappanee, secretary, and Dr. Sollis Runnels, Indianapolis, treasurer. HEAD OF WISCONSIN U. RAPS SCHOOL CRITICS Denie* Institution Foster* AtheWm. Communism and Immorality. By t niled Prett MADISON, Wis.. May 13—President Glenn Frank of the University of Wisconsin at a special convocation of students today assailed charges that the university footers atheism, communism and immorality and termed the charges as "insincere. unprincipled and dishonest campaign of deliberate slander." He attributed the charges to "a little handful of ambitious men who seem quite willing to stab the rtate's institution in the back if they f hmk they might thereby advance th’ir personal or political fortunes.” HOLD ANNUAL MEETING The Rev. Clive McGuire to Presiilq at Institute Annual institute for teachers and superintendents, sponsored by the Marlon County Council of Reii-

Riou* Education, will be held Monday and Tuesday In Second Presbyterian church, Vermont and Penn syl vania street*, with the Rev. Clive McGuire presiding at the opening session. O’hers scheduled to preside at sessions Monday night, Tuesday afternoon and evening are Nellie C. Young, Mrs.

Boyd Oillispie and Mrs. J. G. Haaton, respectively.

Zaiser & Zaiser Incorporated Brokers Stocka and Bonda > E. Market Moeoln >3lB Llavale *l*7

James T.Hamill & Company FHvuto Wires I- Alt Leading Markets Indian* polls MEMBERS rhlenge Stork Exchange Chicago Board of Trade Indiana poll. Hoard of Trad* ftaeociatcd New York Carb 203 Continental Bank Bldg. *9t., Blley 54*5—Riley 5484

McGuire