Indianapolis Times, Volume 44, Number 274, Indianapolis, Marion County, 27 March 1933 — Page 9

MARCH 27, 1033

WHEAT PRICES MOVE OFF ON POOR SUPPORT Crop Situation Has Bullish Effect on Sentiment; Corn Firm. BY HAROLD F-, RAINVILLE United Pro* Staff UorreetK/ndent CHICAGO, March 27. Wheat prices sagged % to \ cent as the Board of Trade opened today. Scattered selling on the weakness in stocks and the disappointing action at Liverpool were the chief factors. The English market Is being affected by the persistently low South American prices and poor demand. Trading was not large. Some buying of May gave corn a % cent lower to % cent higher start with oats unchanged to % rent lower, rye unchanged and barley % cent higher. Provisions were steady. Bullish sentiment prevails as the week opens. Cash prices have been advancing steadily In all markets, the crop situation in the southwest is adverse and it is generally believed that the senate will pass a farm measure satisfactory to the producer without injuring others. The house measure was regarded as bearish. The cash demand remains good. Liverpool did not follow the full upturn here Saturday but was Vt to r, 6 cent higher at mid-after-noon. Corn displays a good undertone. Values are the highest since last December. The country movement continues small, steadying the cash market. Trade Is broadening in oats. Chicago Primary Receipts —March 25 Wheat, 779,000 Corn 307.000 Cats 256,000 Chicago Futures Range March 27WHEAT— Prev High. lew. close, close. Mnv 52 1 1 .52 1 j .52% 53 Jolv 52% .52 1 2 .52% .53 September .. .53% .53% .53% .53% CORN— Mav 29% .29 .29% 29% JulV 31% .30% .31% .31 Septomlier .. ,32 T ANARUS .32% .32% .32% OATS— Mav 18% .18% .IS 1 1 .18% Jvilv 19 .19 September 19% .19% R YE - Mav 38% .38*4 .38% 38% July .38% .38% .38% .38% BARLEY Mav 31 >4 .... ,Tulv 32 % September 33 .... CHICAGO CASH GRAIN ItD United Press CHICAGO. March 25 —Cash (train close: Wheat—No sales. Corn—No. 3 mixed. 28c; No. 2 yellow. 29%c; No. 2 yellWV loldi, 30%c; No. 3 yellow. 28'029c; No. 4 yellow, 87% 82 %c. No 5 yellow. 26%c; No 3 vhitr. 30' c-; No 3 white. 29%©30c; sample, 16'-/ 18c. Oats No 2 white. 19%c; No. 3 a hue. 18%c; No 4 w hite, 17c; sample 15%'//1 Be Rye No sales Barley—2B (// or. Timothy- $2.25'//2.50. Clover—s6.7s 4/9 50 Cash Provisions Lard $4 37; loose, $3 82. leaf. $3 87; bellies, $5.25. It a Time* Special CHICAGO. March 27.—Ca riots: Wheat. 7; corn, 77; oats, 32; rye, 1, and barley, 12.

BUSINESS NEWS SUMMARY

Union Carbide, Carbon Corporation and subsidiaries in year ended Dec. 31, showed a net income equal to 97 cents a share on common, against $2 previously. New Haven in February reported a deficit mounting to $796,112, after all charges, against surplus of $296,500 in February, 193'J. Timken Detroit Axle Cos in 1932 displayed a net loss of $1,193,000 after all charges, against net profit of $328,300 in 1931, California crude oil output during week ended March 25, averaged 389,500 barrels daily, according to California Oil World. Illinois Central Railroad in February reported net operating income at $173,194 against $1,189,513 in February, 1932. United States Beet Sugar Association estimated bed sugar production in United States for 1933. at 100,000 short tons less than last year, or 1,250,000 tons.

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds over 11.I 1 . lbs . 10c; Leghorns, 7c; large springers and stags, lVa lbs. up, 7c: Leghorns and black and Leghorn stags. 1' a lbs. up. sc; cocks. 3c: Leghorn cocks 4c. Ducks —Large white full feather and fat. over 4 lbs.. 6c; small and colored, sc; geese, full feathered and fat. sc; voung guineas. 20c; old guineas. 15c. Eggs—No. 1 fresh country run eggs, 9c; pullet eggs. 6c: each full egg case must weigh 55 lbs. gross; a deduction of 10c per lb. for each pound under 53 lbs. cross will be made. Butterfat 12c: No. 1 butter. 20fu} 21c. These prices for healthy stock free from feed: no sick poultry accepted. Quoted bv the Wadlev Company. BY UNITED PRESS CHICAGO, March 27.—Eggs Market about steady, prices unchanged; receipts 32.591 cases: extra firsts. 12u 12’.c; firsts, li'a@ 12c: current receipts. 11c: dirties, 10c. Butter Market about steady, prices unchanged to ’.c lower: receipts 8,926 tubs specials. 18L oi 18 3 *c: extras, 17’.c: extra firsts. 17’jc; standards. 18c. Poultry Market, firm, receipts. 14 trucks; fowls. 13ul4'jc springers. 13'2f<il6c; Leghorns. 12’.c ducks. 11 14c; geese. 9e; turkeys, 104i 15c: roosters. 10c; broilers, 21 *i 23c: sings. 12c. Cheese Twins Longhorns. lO'.ulO’ c. Potatoes On track 339: arrivals. 240; shipments. 1.134; market firm to slightly stronger: Wisconsin sacked Round Whites, 750 85c; Idaho sacked Russets $1.30,i 1,35; Colorado sacked McClures. $1 43',., l 50. South Dakota Earlv Ohios, 80c. CHICAGO FRUIT MARKET />'/ Vnitrd I’resx CHICAGO. March 27 —Apples Illinois Willow Twigs bushel. sl.los 1.25; Winesaps bushel. $1.35. Michigan Starks bushel. BODY OF BABY FOUND Day-Old Infant Discovered in Brush Pile by City Man. Body of a baby about a day old was found Sunday in a brush pile near State road 31 and Kitley avenue. Dr. J. *E. Wyttenbach, deputy coroner, said the body had been in the pile about two weeks. The body was found by Ora Workman, 358 South Arlington avenue, while he was exercising hunting dogs. CITY MARINE HONORED Corporal Earl T. Gray Awarded Nicaragua's Cross of Valor. Corporal Earl T. Gray. Indianapolis marine, has been awardeed the Cross of Valor by Jose M. Moncada, former president of Nicaragua. Gray, 24, holding a sub-lieutenant rank irr the Guardia Nacional, was stationed at the Neptune mine in a noncombatant capacity as radio operator. In the illness of the guard.a leader, Gray took complete charge and repulsed a oandit attack in two hand-to-hand encounters. He was born in Indianapolis and formerly made his home here with his mother Mrs. Maida Steckelman, 835 College avenue, enlisting in the United States marines in 1927.

New York Stocks Bv. Thomson At McKinnon T~~

—March 27Railroads— Prev. High. Low. 11:00 close. Atchison 43% 43 43 43% At! Coast Line. 22 Balt Ac Ohio 10% 10% Chera Ac 0hi0... . . . .. 28% Chesa Coro 18% 18% 18% 18% Can Pac 8% 8% C R I Ac P ... 4% Del LAc W 23 22% 22% 23 IXU Ac Hudson... 55% 54% 55 55% Great. Northern 9 lilino.s Central 13% 13% Lou Ac Nash 30 30% M K Ac T S', 8 Mo Pacific 4% N Y Central NYNHAtH 14% 14% Nor Pacific 15 14% 14% 15% Norfolk Ac West 121 120% O Ac W 10 Pennsylvania 18 17% 18 17% Seaboard Air L % So Pacific 18 15% 15% 18 Southern Ry 6% 6% St Paul ... ... 1% St Tatil pfri . 2‘j Union Pacific ... 72% 72% 72% 72% W Maryland 6% West Pacific .... 1% 1% 1% ... Equipments— Am Car A: Fdy 9 Am Locomotive.. .. ... . 7% Am Steel Pd ... 8% ... Gen Am Tank... 13% 18 18% 18% General Elec ... 13% 13% 13% 13% Press SI! Car 1 Pullman 22% 22% Westlngh At B 15% Westlngh Elec... 24% 24% 24% 24% Rubbers— Firestone 10% 10 10 Goodyear 13% 13% | Motors— Auburn ... ... 31 Chrysler . 9% 9% 9% 9% General Motors.. 11% 11** 11% 12 Graham Paige 1% 1% Hudson 3', Mack '19% Nash 13 13 Packard 1% 1% 1% 1% Studebaker 2 2 Yellow Truck 33 Motor Access— Bendlx Aviation. 8% 8% 8% 8% Borg Warner 7% Briggs 3% ... El Auto Lite 12 El Storage B 24 24% Houda ... is, Sparks-W ] */„ Stewart Warner .. ... ... 3% Tlmkln Roll 16% Mining— Am Metals 41% Am Smelt ... 14% 14% Anaconda Cop 7 6% Alaska Jun 13% 13% 13% 13% erro de Pasco.. .. ... 8% 8% Dome Mines 12% Great Nor Ore.. .. 53. Int Nickel 8% 8% Inspiration . 2% Kcnnecott Con '9% 9% Miami Copper.. .. ... 2% Nev Cons ... 4% Noranda 18% 18% ijj% 19% Texas Gul Sul . . 18 U S Smelt 20% 20% 20% 20% Oils— Amerada 21% Atl Refining 15% 15% Barnsdall 3% 3% Houston ... .. 2% Mid Conti '4% Ohio Oil 5% 5'4 Phillips 5% Richfield % ... Shell Un 4% 414 Cons Oil 5% 5% Skelly 3% ... /Standard of Cal . .. ... 23V* Standard of NJ 25 25% 25% 25% 80c Vac. ... 6'4 6% Texas Cos 12% 12% Union Oil 10% Steels— Am Roll Mills 7% Bethlehem 13% 13% 13% 13 % Byers AM 11 Colo Fuel ... 4% 4% McKeesport Tin 52 53% Repub I & 8 5% U S Steel 28% 28 28 % 28% Tobaccos— Am Tob IAI new 57 57 Am Tob 181 new .. ... 59% 59% Lig Ac Myers 181 57% 57% Lorlllard 12% 12% Reynolds Tob... 30% 30 30 30-% Utilities— Adams Exp 4% Am For Pwr 5% Am Pwr & Li 4% 4% 4% 5 AT&T 92% 91% 91% 92% Col Gas & El 11 10% 10% 11 Com & Sou ... ... 114 Cons Gas 43% 43% 43% 44 El Pwr & Li ... ... 41 8 Gen Gas A ... % 1 Inti T & T 6% 6 6 6% Natl Pwr & Li... 8% 8% 8% 8% No Amer Cos 18% 18% 18% 18% Pac Gas & El ... ... 24% Pub Ser N J 37% 37 37 37% So Cal Edison .... ... ... 19% Std G & El 8% 7% 7% 8 United Corp 6 6 Un tias Imp ... 15% is 15 15% Ut Pwr Ac L A .... ... 2% 2% West Union 20% 19% 20% 20% Shipping— Am Inti Corp 01,4 N Y Ship 5% 5% United. Fruit 3333 1 % 33 32% Foods— Sug 34% 33% 34% 33% Armour A is. is.. Cal Pkg 10 10 8 Can Dry 11 11 Childs Cos 2% 2% 2% Coca Cola . 84 Corn Prod 53% 53% - 53% 53% Crm Wheat 27% 27% 27% Cuban Am Sug. .. .. 2% "2% Gen Foods 25% 25% Hershey 45 8 Nat K Biscuit3? 4 36% 1?% purity Bak':::: 137 8 , 13 ' 2 13 '* Safeway St . 33. Std Brands .... 17% i6% 16% 16*4 Drugs— Coty Inc 2 P rU i 33 32% 32% 33% Lambert Cos ... 26% 26% 26% 26% Industrials— Am Radiator . et. Otis Elev ...' iiSg Indus Chems— Air Red 5g 55 Allied Chem ... 78% 77% 77% 731. Com Solv 12% 12% 12/4 12% Du Pont 36 35 35% 36% Union Carb ... 23% 23% U S Ind Alco ... 20% 20 Retail Stores— Assoc Dry Gds.. 4% 4 4 Gimbcl Bros ... i% Kresge S S", 6% May D Store 131, Mont Ward 13% 13 13% Penny J C 22*4 '22% Sears Roe 17% 17% 17% 17% Woolworth 28% 28% 28% 29 Amusements— Crosley Radio.. .. ... ... 2% Eastman Kod 56 Fox Film A ... ... 1% Grigsby Gru 7, ... Loews Inc ... ... io% Param Fam ... ... % Radio Corp ... 4% 4 4% 4% Warner Bros 1% 1% Miscellaneous— Proc & Gam .. 25 24% 25 25% Allis Chal . . ... 8 Am Can 56 55% 55% 56% J I Case 45% Corn Can 42 % Curtiss Wr 1% 1% 1% 1% Gillette SR 14*4 14*4 Gold Dust 14% 14% Int Harv 22% 22% 22% 23% Int Bus M ... 90 Un Arcft 21 20% 20-% 21 Trans-America... 4% 4% 4% 4% Owens Glass 43% 44 New York Curb IBy Thomson & McKinnon) March 27 11:00 ii:nn Alum Cos of Am 42% Gen Aviation... 2% Am Gas & Elec. 18% Hudson Bav ... 3% Am Lt & Trac. 13% Imp Oil of Can b% Ark Gas A ... 1% Nat Bel H 1% Can Marconi . -% Nia Hud Pwr... 9% Cities Service.. 2% St Regis Paper. 2% Comm Edison.. 64 Stutz 11% Cord 5% United Gas new 1% Deer & Cos. . . 10% Un Lt & Pwr A 2% Elcc Bnd & Sh. 12% Ut Pwr % Elec Pwr Ass... 3% Un Fndrs 1% New York Bank Stocks /Bv Abbott. Hopoin Ac Cos.) -March 25 _ Bid. Ask. Bankers 55% 56% Brooklyn Trust 77 81 Central Hanover 114 116 Chase National 22% 22% Chemical 31% 32% National Citv 21% 21% Corn Exchange 51 52% Continental 13% 14 Emnlre 17% 18 First National 1.110 1.130 Guaranty 235 238 Irvine 15% 15% Manhatten & Cos 18 18% Manufacturers 13% 14% New York Trust 73% 75 Public 16% 19% Liberty Bonds By United Pits* NEW YORK. March 25.—Closing Liberty bonds: Liberty 3%s '47 100.18 Liberty Ist 4%s ’47 101.15 1 Liberty 4th 4%s ‘3B 101.12 . Treasury 4%s '52 106.24 1 Treasury 4s 54 103 24 ‘ Treasury 3%s '56 161.28 Treasury 3%s 47 100. | Treasury 3%s '43 March 100.4 Treasury 3%s '43 June 100 2 Treasury 3%s '49 97.31 Treasury 3s '55 96 20 ! Chicago Stocks Opening /Bv Abbott. Hopoin & Cos.) —March 27 Brr.dix Avia 8 Comm Edison. 63% Cities Srrv 2% Middlewest .... % Cont Chi nfd 13' Rate Tut Ordered Southwestern Bell Telephone i Company has been ordered by the, federal court to reduce its local rates to the 1928 level and return' $2,000,000 to San Antonio, Tex., sub- j scribers.

SWINE MOSTLY 5 TOIO CENTS OFF AT YARDS Slaughter Classes Steady in Cattle Mart: Sheep Sluggish. Hogs started the week mostly 5 to 10 cents lower this morning at ( the city yards. Weights of 160 to 275 pounds brought $3.95 to S4; 2”5 1 pounds up, $3.75 to $3.90; 120 to 160 pounds, $3.60 to $3.50. Receipts were estimated at 5,000. Holdovers | were 70. Slaughter classes were steady in j the cattle market. Receipts num- ; bered 500. Vealers were 50 cents lower at $6 down. Calf receipts | were 500. i Hardly enough sheep were on hand this morning to make a mar- ! ket. Prices were quotably steady. Receipts were 200. Trading on hogs at Chicago developed slow, with several early bids 10 cents to 15 cents lower than Friday’s average. Few classes remained inactive and steady. Little action was displayed in bulk prices. Bulk, 180 to 220 pounds, was bid in at $4. Receipts were estimated at 32.000, including 15.000 direct; holdovers, 1,000. Cattle receipts numbered 12.000; calves, 1.000; market, steady. Sheep receipts were 17,000; market unchanged. HOGS Mar. Bulk. Top. Receipts. 20. $4.05/// 4.15 $4.25 4 COO 21. 4.00® 4.15 4.15. 7 000 22. 4.00© 4.10 4 10 7,000 23. 3.954/ 4.05 4.50 4 500 24. 4 00® 4.10 4.15 1000 25. 4.00® 4.10 4.10 1 500 27. 3.95® 4 00 4.00 s[ooo Market, Lower. (140-160) Good and choice ...$ 3.80® 390 —Light Weights—-(l6o-180/ Good and choice.... 4.00 (180-200) Good and choice 4.00 '—Medium Weights—-(Joo-220) Good and choice.... 4.00 (220-2501 Good and choice.... 4.00 —Heavy Weights—-(2so-290) Good and choice 3.90® 3 95 (290-350) Good and choice.... 3.80® 390 . —Packing Sows—(3so downl Good 3.25® 3 50 (350 up) Good 3.10® 5!35 (All weights) Medium 2.75® 3.25 —Slaughter Pigs—-(loo-130) Good and choice .... 3.40® 3.60 CATTLE Receipts. 509; market, steady. „„ —Steers—-(sso-1,100) Good and choice $ 5.50® 7 00 Common and medium 3.75® 5.50 (1.100-1,500) Good and choice 4.504?' 6.75 Medium 3.75® 4.50 —Heifers—-(sso-750) Good and choice 4.75® 6.00 Common and medium 3.25® 4.75 (750-900) — Good and choice 4.504? 5.75 Common and medium 3.00® 4.50 —Cows— Good 3.00® 3.50 Common and medium 2.25® 3.00 Low cutter and cutters 1 50® 2.25 - Bulls (yearlings excluded) Good l beef I 2.504/ 3.25 Cutter, common and medium.. 1.50© 2.50 VEALERS Receipts, 500; market, lower. Good and choice $ 5.504? 6.00 Medium 4.00© 5.50 Cull and common 2.50© 4.00 —Calves—-(2so-5001 Good and choice 4.00® 5.00 Common and medium 2.50©/ 4.00 —Feeder and Stocker Cattle—-(soo-800) — Good and choice 4.50® 5.75 Common and medium 2.754/, 4.50 (800-1,050)—-Good and choice 4.50® 5.75 Common and medium 2.75® 4.50 SHEEP AND LAMBS Receipts. 200; market, steady. —Lambs—(so lbs. down) Good and choice.ss.so® 6.00 (90-110 lbs.) Good and choice.. 5.00© 5.75 (90 lbs. down) Com. and med... 3.25® 5.50 —Ewes— Good and choice 2.00® 2.75 Common ana medium I,oo© 2.00 Other Livestock BY UNITED PRESS LAFAYETTE, March 27.—Hogs—Steady. 10c off; 170-225 lbs., $3.80® 3.85; 225-275 lbs.. $3.70© 3.75; 275-325 lbs.'. $3,604/ 3.65; 130-170 lbs., $3,404/3.60; 100-130 lbs., $3.20; roughs, $3.25 down; top calves, $5; top lambs, $5. EAST BUFFALO, March 27.—Hogs—On sale. 6,700; fairly active; 104/15c under Friday’s average; desirable 1/0-240 ibs.. $4.35'-/ 4.40; plainer kinds. $4.25; 260-300 lbs., s4'//4.25; 140 lbs. clown, $3.75® 4. Cattle—Receipts, 1,500; steer and yearling trade steady to 25c lower; weights below 1.000 Ibs . fairly active; good offerings. $64/; 6.25; 1200 lbs.. $5.25; mixed yearlings, $5.50; medium steers. $4,904/5.25; fat cows, $34; 3.40; cutter grades, $1,604/2.35; medium bulls, $34/3.25; few at 53.50: calves, receipts, 1,000; vealers active; steady; good to choice. $7; common and medium,"s4,so4/ 5.50. Sheep—Receipts, 5.800; lamb traac very slow; scattered sales steady to weak; bulk unsold; good to choice woolskins, $5.90©6; one load strictly choice sold at $6.50; hiding better lots around $6.25; common, and medium. $54/5.50. FT. WAYNE. March 27.—Hog market. 10c lower; 110-200 lbs.. $3.90; 200-225 lbs.. $3.85; 225-275 lbs.. $3.80; 275-350 lbs.. $3.70: 140-160 lbs,. $3.65: roughs. $3; stags, $6 50; calves, S6; lambs, $5.50. Cattle— Market, steers, good to choice. $5®5.50: medium to good. $4.50 @5; common to medium. S3©4: heifers, good to choice. $4,504/ 5; medium to good. s4® 4.50; common to medium. $34/4: cows, good to choice. $34/3.50: meduim to good. $2.50©3; cutter cows. $1.75© 2.25: canncrs cows. $1 1.50; bulls, good and choice. s3© 3.25; medium to good. $2,504/ 3: common to medium. $24/2.50: butcher bulls. $3.25®3.75. EAST ST. LOUIS. 111.. March 27.—Hogs —Receipts. 14.000: including 2.300 through and direct: market. 5 to mostly 10c lower; ton, $4 for one load; bulk 160-260 lbs., 160-200 lbs.. $3.75©3.90: few 140-150 lbs.. $3,404/3.651 100-130 lbs.. $2.75®3.25: sows, $34/ 3.25. Cattle—Receipts. 3.300: calves. 2.200: market, slow with vealers. 75c lower at $5.50 and other classes opening about steadv but showing weak, lower undertone in most instances; a few low priced steers. $3,754/ 4; mixed vearlings and heifers. $3,754/5.50: beef cows .$2,504/3.25; lowcutters $1.25® 1.75; sausage bulls. $2.25® 2.80. Sheep—Receipts. 3.500: market; not vet fully established: packers talking 25c or more lower: small lot of good wooled lembs to citv butchers. $5.50. By Time* Special LOUISVILLE. March 27.—Cattle—Receipts. 800; supply moderate: market rather slow; better demand for steers with weight than for lighter weights; prices about steady on all classes with undertone weak on light steers and heifers: early bulk, common and medium steers and heifers. $3 50© 4.50: scattered lots. $4,754/5: bulk beef cows. $2,504/3: low cutters and cutter cows. $1,504/2.25; bulls. $3.25 down: fair demand for st.ockere at mostly $4.75 down. Calves- Receipts. 500; mostly 50c lower; bulk good to choice vealers. s4® 4.50: medium and lower grades. $3 down. Hogs—Receipts, 1.200: steady: 175-240 lbs.. S4: 245-295 lbs.. $3.75: 300 lbs. up. $3.35; 135-170 lbs., $3.45: 130 lbs. down. $2.80; sows, $2 85; stags. $1.90. Sheep—Receipts. 100: mostly steady; bulk medium to good, old crop wooled lambs, ss® 5.50: common kinds around $3.50: small lot desirable 67lb. spring lambs S9; slaughter ewes mostly $1,504/2.50. • Saturday's receipts: Cattle. $2: calces. 443: hogs. 545. and sheep. 22. Shipments: Cattle. 29: calves, 541, and hogs. 188. MAN, TWO BOYS SAVED Boat Overturns; Passing MottSist Turns Good Samaritan. A passing motorist who went to the rescue with a tow rope saved a man and two boys whose boat overturned in the swollen waters of White river at Eighty-sixth street Sunday. The Samaritan took the three to their homes before deputy sheriff learned any names. DEGREE TO BE GIVEN DeMolay Ceremonies to be Held Tonight at Clubroom. Ceremonies and convocation of the Indianapolis chapter. Order of DeMolay, to be held at 8 tonight in the clubrooms, 1017 Broadway, will be in charge of Charles Clary, master councilor. Degree teams will be in charge of Charles Drake and Travis T. Wilson, and leading role in the second degree will be held by Charles Ridge. Invitations have been extended to all members and master masons.

THE INDIANAPOLIS TIMES

HIGHER PRICES REFLECT RETURN OF CONFIDENCE

1930 1931 1932 DEG JAN. KQ JULY OCT JAM ATS. JULY OCT JAN. ATTt. JULY OC". 1 5 ;piERj56 j FELL IN THREE YEARS iZTc . $4 *"*3LB 1 DQZ EGGS 1 OCX OeANGEs" j 1 _2 IE BACON 1L8.85EA3 ! CAS 'OMCOK. _1 LB BUTTER. iCANPEAS 118 COFFEE _ 5 L 1.3 LA2O IPX. POTATOES ICASCOCN nL- ————— (BASED CN PR.CES /-V FirTY-CNE CITES, BY ES. DEPARTMENT Or LABOR) t A J ge 1930 1931 1932 1933 1929 1930 '931 1932 1933 I - -I ‘Jg? 1929 1930 1931 1932 1933 1929 1930 1931 1932 1955~ A jm spii 9

Renewed business confidence in all sections of the country is indicated by charts showing price trends of commodities and foods, coming from practically every state in the Union.

AUTO DISTRIBUTION DECREASE IS SHOWN Dip in February Against Seasonal Trend. Distribution of automobiles in the seventh federal reserve district decreased in February, as against January, contrary to seasonal trend, and totaled considerably under the corresponding month of 1932, according to the monthly business conditions report of the Chicago federal reserve bank. Sales of representative distrbutors reporting to the bank aggregated 25.4 per cent, less in the monthly comparison and 49.5 per cent of those for February, 1932. Although the volume of cars sold by retail dealers totaled 12.9 per cent below January and 38 per cent below last year, a number of dealers sold more cars than either a month or a year previous. Similarly, used car sales declined in both the monthly and yearly comparisons, but half the dealers had the heavier sales in the former comparison and about onethird in the latter. February orders booked by furniture manufacturers reporting to the bank registered in the aggregate but little change from the preceding month and totaled 19 per cent below the volume of a year ago.

Net Changes

By United Press NEW YORK, March 25.—Closing prices and net changes on principal issues traded on the New York Stock Exchange today: Up. Off. Allied Chemical. 78% % American Can, 56% % American Can, 56% 1 Amer Tel & Tel, 92% 1 Atchison, 43% % Auburn. 34 % Case. 45% .. % Cons Gas. 44 % Du Pont, 36% 1% National Biscuit, 37% % New York Central, unchanged, 20 . . North American. 18% % Pennsylvania RR, 17% Vs Public Service, unchanged. 37% Sears Roebuck, 17% % Union Pacific. 72% % United Air, 21 % U S Steel. 28% % Westinghouse Elec 24% % MEETINGS SCHEDULED Dividend Action to Be Taken by Corporations This Week. Dividend meetings are scheuled for this week by Allied Chemical & Dye Corporation, American Can Company, Colgate-Palmolive-Peet, General Mills, and Hershey Chocolate Company, among others. Directors of the American Ice Company will meet for action on the preferred payment.

HORIZONTAL Answer to Previous Puzzle 21 Yardstick. 1 The first "* r- - 1 , , 24 Mother woman to be AjP AjNIE jS ! C|R|EID (Latin), appointed to £jV I RO 26 To soothe. _ the U. S. AjjL 28 Stomach of ft presidential OpiaT H,A|TWSGIH bird, cabinet. li-OpBEIV E NM- ' |NjEMAR 20 Nominal value. 7 Planing ma- ■ZINjUjM EjRjA’TQ R SMe MjU 33 Where Is Lake c^ines - Ml |L IYBRj I PIT sWsfc U|M Louise, famous 14 15 Young salmon. I iNMCUR SBE TIONMEIM 34 People conNpfp OR 5 aCMEIR" N slrr quered by 18Full of love. KNIAV EMMIAPpNE WE L Rome. -o? n^ e X'inrrt LUREiSTI RiSpfT ARE 35 Portentous. 20 Saras 36 Tube „ a 22 Field. disease. epical events. L* nc u ,i,. 23 Standard type 43 You. 3 Washed t ° measure. 44 Part of a lock. lightly. co s ‘ 25 To jeer. 46 Manages. 4 Cognizance. 39 Sugar-cad* 26 Morlndin dye. 4S Embryo bird. 5 Frosts. ™sl“ue--27 Stream barrl- 50 Containing 6 Slender parts 41 Holding cade. drupelets. of bottles. devices. 29 Light brown. 52 Winged shoes 8 Feebler. 42 I°?f ze 30 To handle. of mercury. 9 Pertaining fixedly. 31 Marble used 54 To strip. to wings. 45 Maple shrub, as a shooter. 55 insurgents. Mesh of lace. 46 Flightless 32 Chum. 56 Sandy. 11 Not well. bird. 34 To stitch. 57 Remunera- 12 To tear. 47 Killed. 35 Tatter. tions. 13 Lurks. 49 To overlay 37 Reign. vi>dttci 17 Slight col- with gold. 40 Measure of vlhui al oring. 51 Convent area. 1 To calm. 18 Last word of worker. 41 Poison of a 2 Series of a prayer. 53 Striped fabric. 3 “r-s b “i |T“”““rr"iß™ra" IZ pJ is wi r& ~ zjz.zm_zzdtmzz--44 45 47 SNsS4B 49 * ss Ml. _ l— 155

The City in Brief

TUESDAY EVENTS Disciples Layman's dinner. 6:30 p. m.. Third Christian church. Rotary Club, luncheon. Clavpool. Gyro Club, luncheon. Spink-Arms. Mercator Club, luncheon, Columbia Club. Architectural Club luncheon. Architects’ and Builders' building. Yount Dentists’ Discussion Club, meetint. 8 and. m.. Washington. American Chemical Society, luncheon, Severin. Universal Club, luncheon. Columbia Club. Republican Veterans, luncheon. Washington. Theta Chi, luncheon. Washington. Purchasing Agents, luncheon. Washington. Metal Trades Association, luncheon, Washington. Two Negro girl purse snatchers robbed Mrs. T. L. Ruby, 2155 North Alabama street, of $2. As she walked on Twenty-second street between Central avenue and New Jersey street, the two girls stepped from an alley, grabbed her purse and fled. Law offices of Newberger, Simon & Davis have been moved from 808 Kahn building to 108 South PcnnsVlvania street, it was announced today. “Taxation” will be the topic of Gavin L. Payne in an address before the Butler-Fairview Civic Association in the Fairview Presbyterian church at 8 Tuesday night. The meeting will be presided over by Ross S. Ludlow. Dr. Nathaniel G. Alcock of the University of lowa will address the weekly meeting of the Indianapolis Medical Society in the Athenaeum at 8; 15 Tuesday night. Judge E. J. Millington of Cadillac, Mich., at a meeting of Indiana Schoolmen's Club in the Lincoln on Saturday, voiced the opinion that “the spirit of individualism that is prevalent in America must be counteracted in the public schools with social teachings.” School No. 12. McCarty and West streets, and School No. 20, at 1125 Spruce street, were ransacked over the week-end, but little, if anything, cf value was taken. Custodians found basement windows open this morning at each school. NEW YORK COFFEE FUTURES —March 25 RIO „ High. Low. Close. May 5.33 July 5.27 September 5 10 December 5 03 SANTOS March 7 10 May 7.88 7.77 7.77 July 7.60 7.49 7.49 September 7.28 7.26 7.27 December 7.20 7.16 7.16 INDIANAPOLIS WAGON WHEAT Citv grain elevators are paving 48c for No. 2 soft wheat. Other grades on their merits.

BRICK BUILDING IS LEASED BY FREIGHT LINES Trans-American to Open Terminal Station Here April 1. Lease of the one-story brick building Rt 303-05 North Senate avenue, to the Trans-American Freight Lines, Inc., was announced today by the W. A. Brennan Realty Company, Inc. The company, which expects to open an Indianapolis terminal in the building about April l, has headquarters in Detroit and operates terminals at Detroit, Dayton Cincinnati, Chicago, St. Louis anti Kansas City. It operates sixty tractor and trailer units, averaging 20.000 pounds capacity over its system, confining its handling business to interstate shipments. The property is owned by the William Haueisen Realty Company. The lease is for one year. J. M. Harty, formerly St. Louis terminal manager, has been assigned to take charge of the new terminal here. FINANCEWORLD MARKING TIME Speculation in Abeyance as Banking Situation Is Being Classified. BY OTTO E. STURM United Press Financial Editor NEW YORK, March 27.—The American financial world marked time last week while the banking situation became further clarified and the administration speeded up its reconstruction program. Speculative operations in security and commodity markets were held in abeyance. Stock and bond prices moved generally lower, but wheat and cotton were bolstered by early probability of farm relief legislation. In the absence of any marked activity, attention turned to other phases of the financial situation. These were featured by the remarkable recovery of the country’s banking position. This was reflected in the weekly statement of the federal reserve board, showing a drop of $661,000,000 in money in circulation and a gain of $131,545,000 in gold holdings. Signing of the beer bill was another factor in the financial panorama last week, it brought speculative activity into the stock market, in such issues as Owens Illinois Glass, Liquid Carbonic, National Distillers and Crown Cork and Seal. Corn, oats and barley prices also were bolstered by the beer developments, whilee renewed activity in brewing and allied industries aided the employment situation in many centers.

MONOPOLY PLAN IS PERIL TO U. S, OIL French Action Would Mean Disaster to America. By United Press PARIS, March 27.—The government is considering establishing a petroleum monopoly similar to that recently set up in Spain, it was learned today, just before the meeting of the world oil conference, in which American oil men are taking a leading role. The measure, they declared, would prove disastrous to United States and other exporters, who recently spent millions of dollars erecting lefineries in France in conformity with the law providing that a large pel centage of French oil requirements must be refined in this country. The commission of mines in the chamber of deputies is studying the oil monopoly scheme, which the Socialists want to eestablish as a revenue measure.

Births . Girls pitaf rman and Iva Barker ' Coleman hosand Adeline Beilstein. Coleman pitai alik Bnd Mary Farmer - Coleman hospitLaei°nard and 1:10 Hoodl Coleman hosh capital** and Theima Mlchaf? l, Coleman Sa.ni and Bonnie Salyer, Coleman hospital. Curtis and Cecelia Sheets. Coleman hospital. Homer and Edith Crockett. 328 South Temple. WUlianj and Elizabeth Dempier, 2153 Singleton. Alonzo and Helen Johnson. 1636 English. Lee and Carrie Reed. 2045 Tipton. Elzie and Ruth Luthe. 926 Eim. Ralph and Verinda Waggoner, 1810 West Washington. Robert and Mary Ireland. 1922 Dearborn Gerald and Mozelle Glover, 2517 Eastern. Fowler and Anna Pennington. 957 Cedar. Virgil and Johnnie Moore, 1257 Kentucky. John and Alverde Armstrong. 2330 Manlove. Boys Kenneth and Laura Byrkit, Coleman hospital. Cosby and Arlene Sandlin, Coleman hospital. Charles and Laura Woodson. Coleman hospital. Leroy and Cecelia Druin, 1731 South Meridian. Claude and Violet Newhouse, 1110 Eas* Ninth. Randall and Gertrude Barnes, 233 Lejkta. Everett and Mary King. 1027 Lexington. Wiljam and Esther Allison, 4502 East Seventeenth. James and Jessie Clayton. 2330 Valley. Clifford and Josephine Longfellow, 2218 Miller. Wes? U Tenth n d er^ru<^e Strayhorn, 2030 Lawrence and Edith Tabor, 438 Division Eugene and Freda Fulk. 4409 Caroline Floyd and Bessie Wentworth, 1004 High. Elmer and Mildred Culpepper, 137 South Catherwood. Fred and Ethel Border, 348 South Walcott. William and Georgia Kessler. 2818 BrooKsiae. Bruce and Ruth Handlon, 933 Olive. Deaths Cl^^rcinoma 10^311 - 313 East Elmer Lambert. 64. Central Indiana hospital, broncho pneumonia. Beth Lucas, 29, 1217 West Twenty-ninth chronic interstitial nephritis. Martha Ellen King, 76, 5532 University cardio vascular renal disease. , ® arl 7 Ale - 31, city hospital, multiple third degree burns. Clarence R Walsh. 52, 5030 Miller, mitral msufflcency. Dora Wallace Pettcrson, 65. 1452 Prospect. chronic encephalitis. Killiam Borst. 87. 702 Prospect, cerebral fcemorrnaee. Ernest Blumbert. 68. 1402 Barth, chronic myocarditis. Julia Sar.didge, 60, 1943 Cornell, apoplexy. Doliie Simonton. 45. city hospital, chronic myocarditis. May Etta Coleman. 3 months. 2016 Columbia. cardiac decompensation. Vesta Rogers. 60. Long hospital, lobar pneumonia.

INDIANA STOCKS AND BONDS

| The following quotations do not reprei sent actual bids or offerings, but merely indicate the approximate market level | based on buying and selling Inquiries or recent transactions. March 25STOCKS Bid. Ask. Belt Rail & Stocks Yards com 22 27 Belt Rail & Stock Y'dS pfd 67. *5 49 Central Ind Power pfd 7%.... 9 12 Citizens Gas com 14 17 Citizens Gas Cos pfd 5% 63 68 Home T Ac T Ft Wayne pfd 7% 39 43 Ind & M:ch Eiec Cos pfd 7%.. 72 77 Ind Gen Service Cos pfd 6%... 70 75 Ind Hydro Elec Cos pfd 77,.... 30 35 Indpls Gas Cos com s2 47 IndDls Pwer Ac Lt Cos rfd 6%.. 52 57 Indols Pwr & Lt Cos pfd 6%% 57 62 Indpls Water Cos pfd 5%... 90 95 No Ind Pub Servo pfd 5%% ... 25 30 No Ind Puo Serv Cos pld 6v .. 29 34 North Ind Pub Serv Cos pfd 7% 34 38 Public Service Cos pfd 6 , 25 30 Public Service Cc pfd 7% 41% 45 South Ind Gas & El Cos pfd 6 „ 55 60 Terre Haute Elec pfd 6% 45 50 BONDS Belt Rail & Stock Yards 4s 1939 80 85 Citizens Gas Cos 5s 1942 85 90 Home T Ac T Ft W 5%s 1955.. 94 98 Home T & T Ft W 6s 1943.. 95 99 Indpls Gas Cos as 1952 75 79 Indpls Rvs Inc 5s 1947 21% 25 Indpls Water Cos 5%s 1940 96 % 100 Indpls Water Cos 5s 1960 88 92 Indpls Water Cos as 1970 88 92 Indpls Water Cos 5%s 1953... 98 101 Indpls Water Cos 5%s 1954.. 98 101 Kokomo Water Works 5s 1958 76 80 Lafayette Tel Cos 5s 1957 81 85 Muncie Water Works 5s 1939.. 93 97 Richmond Water Work£ 5s 1957 82% 87% Terre Haute Water Wk 5s 1956 82% 86% Terre Haute Wat Wrk 6s 3449 92 96 Traction Terminal Cos 5s 1957.. 38 40 Joint Stock Land Banks ... . _ v Bid. Ask. Atlanta 5 r r 25‘a 28 Atlantic 5% ..... 40 44 Burlington 5% 25 27 Calilornia 5% 48% 52% •Chicago 5% 16% 18% Dallas 6% 41 43% Denver 57, 40 43% Des Moines 57, 36 40 First Caroline 5% 26% 30 First Ft. Wayne 5% 42 46 First Montgomery 57, 29 32 First New Orleans 57. .... 29 32 First Texas 5% 38% 42' 2 First Tr Chicago 57, 39 42% Fletcher 5% 61 63% Fremont 5% 33 37 Greenbrier 5% 56 59 Greensboro 5% 38 40 Illinois Monticello 57, 50 55 Illinois-Midwest 57$ 36 38% Indianapolis 57, 70 75 lowa 5% 45 50 Kentucky 57, 50 55 Lafayette 57. 40 45 Lincoln 5% 39 42 Louisville 5% 50 53 Maryland-Virginia 57. 50 55 New York 5% 39 42 Mississippi 57, 39 42 North Carolina 57, 27 30 Oregon-Washington 57, 30 33 Pacific Portland 57> 37 40 Pacific Salt Lake 575, 38 42 Pacific San Francisco 579 38 42 Pennsylvania 57, 50 53 Phoenix 57, 58 62 Potomac 5% 40 43 •St Louis 57- 13 17 San Antonio 5% 44 47 •Southern Minnesota 57, 8 10 Southwest 57, 33 36 Tennesse 57. 39 42 Union Detroit 57- 38 41 Union Louisville 5% 50 53 Virginia Carolina 5% 32 35 Virginian 570 42 45 •Flat.

CHICAGO STOCKS

(By Abbott, Hoppin Sc Cos.) —March 25High. Low. Closed. Bendlx Aviation ... 8% Borg Warner 7% 7% 7% Chicago Corp pfd 13% 13% 13% Cities Service 2% 2% 2% Continental Steel 5% 5% 5% Great Lakes Aircraft .... ... % Marshall Field 5% Middle West Utilities.. .. ... % Prima Cos 14% 13% 14% Public Service N P 30 29% 30 Swift * Cos 9% 9% 9% Swift Internacional 16% Utility & Ind pfd ... 2 Walgreen Cos, com 13% 13 13%

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —March 25 Bid. Ask. American Bank Stocks Corp.. 1.05 1.25 American Founders Corp .87 1.37 American & General Sec (A) 3.00 6.00 Basic Industry Shares 1.93 .... British Type Inv Tr Sh 50 .58 Collateral Trustee Shares (A) 3.12 3.50 Corporate Trust Shares (old) 1.52 Corporate Trust Sh /new).... 1.53 1.65 Cumulative Trust Shares.... 2.53 Diversified Trust Sh (A) 6.12 6 87 Diversified Tr Shares 181 4.62 5.12 Diversified Trust Shares (C>.. 1.98 2.03 Diversified Trust Shares (D) . 3.25 3 50 First Insurance Stock Corp... 1.75 2 05 First Common Stock Corp 1.15 1.35 Fixed Trust Oil Shares (A).. 5.58 Fixed Trust Oil Sh (B) 4.44 Fundamental Trust Sh IAI.. 2.78 2.88 Fundamental Trust Sh (B).. 2.53 2.73 Leaders of Industry (A) 2.00 2 25 Low Priced Shares 2.25 Mass Inves Trust Shares 13.00 14.37 Nation Wide Securities 2.24 .... North Amer Tr Shares (1953) 1.29 No Am Trust Sh C55-’56)... 1.61 1.80 Selected American Shares.... 1.67 .... Selected Cumulative Shares.. 4.45 4.55 Selected Income Shares 2 38 2 44 Std Amer Trust Shares 2 33 2.38 Super Am Tr Shares (A) 2.24 .... Trust Shares es America .... 2.18 2 28 Trustee Std Oil (A) 2.75 Trustee Std Oil (Bt 2.50 3.00 U S Elec Light & Pwr (A)... 11.75 Universal Trust Shares 1.98 2.02

UNION CARBIDE NET DROPS TO 97 CENTS Equivalent of 97 Cents a Share Earned on Common. The pamphlet report of the Union Carbide and Carbon corporation, mailed Saturday to stockholders, shows $8,871,000 net income for 1932, equivalent to 97 cents a share on the outstanding capital stock. In 1931, the corporation earned $lB,030,000 or $2 a share. The company closed the year with current assets of $61,7651)00 and working capital of $55,168,000. The ratio of current assets to current liabilities was 15 to 1 after payment of the Jan. 2 dividends. GIMBEL’S SALES DOWN Volume of Merchandise Moved Off 26 Per Cent. By Times Special NEW YORK. March 27 Gimbcl j Brothers, Inc., and subsidiaries re- \ ported a net loss for the year ended , Jan. 31. 1933, amounting to $4,459.058. Total volume of sales displayed ; a decrease of 26.31 per cent com- I pared with a year ago. Total sales were $72,196,485. The balance sheet report showed no bank indebtedness and current assets at $21,705,542, including $6,702,893 in available cash.

a 1 Today’s Almanac: Matron 27^ Ith/sianpJl j 1515-Florida discovers by Ponce de Leon. 1705-Ptfer (he Great founds st.Pe!mbus. l£7o*Fiorida di-seeverat by millionaires'. H.M'CoriritfkbcTfi 1925'Plcrida discovered „ by real estate events. 1%7-Florida discovered Jbybcotl^ers.

PAGE 9

STOCK SHARES HOLD FIRM IN LIGHTSESSION Little Feature to Market; Rails and Utilities Steady.

Average Stock Prices

Average of thirty industrials for Saturday. high 58.02; low 56.97 last 57 71. off .22 Average of twenty ra:is. 28.17 27 67, 27 98. off 43 Average of twenty utilities. 21 31, 20 96 21 23. off 07. Average of forty bonds. 75.64. off .49. BY ELMER C. IVALZF.R United Prr* Financial Editor NEW YORK. March 27 —Stocks opened steady in light trading today. following a better market in London, where sentiment was improved. A long list of issues opened where the • closed Saturday. Others fluctuated within a narrow range of the previous close. Railroad issues were practically unchanged, as were utilities. Allied Chemical, Chrysler. United Corporation. General Electric and Sears-Roebuck were among the issues to open at the previous close. Steel common eased to 28%, of! J s; National Biscuit 37. off %; Du Pont 36, of! %, and American Can 56. off % Alcohol issues made small gains, while farm equipments were mixed in a narrow range. Brooklyn-Manliattan Transit issues were strong, the preferred rising to anew high for the year at 80, up 1% points. The common reached 30%. up point.

Bank Clearings

INDIANAPOLIS STATEMENT —March 27 Clearings $1,156,000.00 Debits 3.763.000 00 TREASURY STATEMENT —March 27 Net balance for March ...$518,021.798 24 Expenditures 8.722.226 18 Customs rects . mo. to date. 12.630*221 22

Foreign Exchange

(Bv Abbott. Hoppin & Cos.) —March 25 Close. Sterling. England $3.42% Franc. France 0392'* Lira. Italv (1513% Franc. Belgium 1395 Mark. Germany 2386 Guilder. Holland 4029 Peseta. Snain 0846 Krone. Norway 1753 Krone. Denmark 1528 Yen. Janan 2150 STEELTo PE RAT 10 N S AT 14 PER CENT FOR WEEK Improvements Are Noted in Several Producing Sections. Steel operations last week declined a point to 14 per cent of rated capacity, the magazine Steel states in its review of the industry. Operating rates at Chicago and Birmingham remain unchanged, but improvement in operations at Cleveland and Buffalo has been more than offset by reductions at Pittsburgh, Youngstown and eastern Pennsylvania. In the Ohio river district, operations have been impeded by floods. DIVIDEND RATE IS CUT Indiana Utility Cites Effects of Business Decline. The board of directors of the Northern Indiana Public Service Company has voted to cut in half the quarterly dividends on the 7, 6 and 5% per cent cumulative preferred stock of the company payable April 14, 1933, to stockholders of record March 31, 1933. “The continued decline in business as a result of the depression and loss of revenue resulting from rate reductions has reduced the income of the company to a point where the directors felt that a cut in dividends on the preferred stock was necessary to protect the company’s current position,” said Morse Dell Plain, president of the company, today. MAKES HIS OWN FUN Life Little Dull, So Soldier Goes on Shooting Spree. Frank B. Childers, 26, Ft. Harrison soldier, found life in peace time a little dull so he set out Saturday night to dig up his own excitement. He found it. Police were called to the home of Frank Lucas, 2719 Burton avenue, after Childers is alleged to have fired three shots in the air. Lucas said Childers came into his home, saying he “wanted to write something.” Childers was arrested on charges of drawing a deadly weapon, trespass and carrying a concealed weappn. Bunard Leveils, also of Ft. Harrison, Childers’ companion, was arrested on a drunkenness charge.

STONE CO. HEAD DIES Michael J. Edgeworth Taken at Florida on Birthday. By United /’nag BLOOMINGTON. Ind.. March 27. —Michael J. Edgeworth, Kankakee, 111., president of the Monroe county Oolitic Stone Company here, died Saturday at Miami, Fla., on his seventy-fifth birthday, advices here today said. Edgeworth lived in Bloomington several years before moving to Kankakee. He had gone to Florida recently for his health. FIRE DAMAGE IS SIOO North Side Apartment Dwellers Not Forced to Flee. Fire caused SIOO damage early today at the Marlborough apartments, 3810 Central avenue, but none of the twelve families occcupying the building were forced from their homes. The fire started in the custodian's quarters in the basement, oelieved to have been due to waste paper in an incinerator becoming ignited. SAW SUGAR UTIRES —March 25High. Low, Close. January 1 06 1.07 1,07 May .99 .98 98 July 1 03 1 02 t 02 September 1 05 1 04 1 04 December ............. 1.08 1,07 1.07