Indianapolis Times, Volume 44, Number 278, Indianapolis, Marion County, 31 March 1933 — Page 20

PAGE 20

WHEAT SHOWS STRONG TREND IN SLOW DEALS Weather Reports, Firm Cable News Aid in Boosting Values. BY HAROLD E. RAINVILLE I nlted Prro* Staff Correspondent CHICAGO, March 31. —Wheat opened firm, % to % cents higher on the Board of Trade today on firm cables. Trading was slow and mixed but pressure was light and support was good. The southwest remained dry, offsetting the mixed tone in stocks. Liverpool was stronger although dull. Corn was unchanged and oats % cent higher with wheat. Rye made the best showing with a >* to % cent advance. Provisions were steady. The steady decrease in cash wheat stocks at Chicago has caused heavy buying by local cash handlers. Mills have been taking the grain in good quantity. The strong cash position and growing damage reports from the southwest are offset by the unsettlement caused by the uncertainties of the farm bill, Liverpool was slightly stronger than due, being unchanged at mid-afternoon. The cash corn demand is good, sustaining futures as against the movement of wheat. Demand for cash white corn is good from all directions, going to brewers mostly. Oats continues to drift in a narrow market with prices steady. Chicago Primary Receipts March 30 Wheat 517.000 Corn 361,000 Oat* 215.000 Chicago Futures Range —March 31— WHEAT—. Prev. High. low. 10:00 close. Mav 53 1 2 ,52 s * .53’, .52’, July 54> 4 .53’, .54V* .53“ . September .. .54'* .54■* .54 '* 54‘, CORN— Mav 29% .29% .29% ,29 s * July 31% .31% .31% .31% September .. .33 .32 % .33 .32% OATS— Mav 19% .19% Jul V... ... . Itil, RYE— Mav 40'4 .39% .40% .39% Julv 40% .40.40% .40% BARLEY— Mav .30% .30% Julv 31% .31% ; CHICAGO CASH GRAIN By I niteel Press CHICAGO, March 30.—Cash grain close: Wheat—No. 2 hard. 54 %fa 54 S 4C. Corn No 3 mixed 29% % 30c. No. 2 vellow. 31 %di 31%C: No. 3 vello*-. 30®30%r. No. 4 \ellow. 29®30c: No. 5 vellow. 29%c, No. 3 white 31%®32%C Oats -No 2 white. 19 3 ©.20c; No. 3 white. 19%@19%c. Rve —No sales. Bariev 270 41c. Timothy—s2 25® 2.50. Clover—s6.7s®9. By Times Special CHICAGO. March 31.—Carlots Wheat. 17; corn, 102, oats. 20; rve. 3. and barley 16. TOLEDO C ASH GRAIN By I nitrd Press TOLEDO. March 30—Cash grain close: (Grain In elevators, transit billing i Wheat —No. 2 red. 60% , 5j616c; No 1 red. lc premium. Corn—No 2 vellow. 35©36c. Oats No. 2 white. 23 and 24c. Rve —No, 2. 46® 47e. Bariev—No 2, 34®35c. (Track prices 28%0 rate.) Wheat—No. 2 red 56®56%c; No. 1 ited. 57@57%c. Corn —No. 2 vellow. 3i © 32c, No. 3 vellow. 30®31c: No 4 vellow 29®29%c. Oats-No. 2 white. 20® 22c: No, 3 white. 19%®22c.. Seed close: Clover—Cash. 66. Alsike—Cash. $6 20. Produce Butter—Taney creamery. 23c. Eggs—Extras. 11c. Hav—Timothy per cwt..

Indianapolis Cash Grain

March 30— The bids for car lots of grain at the rail of the Indianapolis Board of Trade, J f. o. b., shipping point, basis 41'2 New York rate, were: Wheat Steadv: No. t red. 520530; No. 2 red. 51 '<t 52c; No 2 hard. 514,52 c. Corn Steadv; No 3 white, 24 l afiri 25’ ic; No. 4 white. 23 1 2 :1 424 , 2C: No. 3 yellow. 221-2 in 113 1 ac; No. 4 yellow. 21 1 -r,i 22 1 2 c; No. 3 mixed, 21 322*ac; No. 4 mixed, 2012® 21'..c. Oats—Steadv; No. 2 white. 1601612 c; No 3 white. 15@15Vic. Hay—Steady; if. o b. country points taking 23'ac or less rates to Cincinnati or Louisville I. No. 1 timothy, $5.50® 6; No. 2 timothy, $5®5.50. Wheat—No. 2 red, 2 cars; No. 3 red. 1 car; total. 3 cars Corn—No. 2 white, 6 cars; No. 3 white. 2 cars; No 1 yellow. 1 car. No. 2 yellow, 6 cars; No. 3 yellow', 12 cars; No 4 yellow, 3 cars; No. 5 yellow, 1 car; total, 3i cars. Oats—No. 2 white. 2 cars. No. 3 white. 23 cars; No. 4 white, 3 cars; No 1 mixed, 1 car; No. 2 mixed, 1 car. total. 30 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 48c for No 2 soft wheat. Other grades on their merits. Other Livestock BY UNITED PRESS LAFAYETTE. March 31 Hog market, steadv to 5c higher: 170-225 lbs., $3 85 <i 3 90: 225-275 lbs. 53.75613.80; 275-325 lbs.. $3 60 3 3.70; 150-170 lbs. $3 60: 100-150 lbs. t3.10(a3.30: roughs. $3.10 down; top calves. $5: ton lambs. $5. TOLEDO. March 31—Hogs Receipts. 225. market steadv: heavy Yorkers. 53.8061 3 90; mixed and bulk of sales. $3 75 0 3.90; pigs and lights, $3 25;<,3 40: medium and heavies. S2 506i3.75; roughs. $2.25612.75. Cattle—Receipts. light: market. slow. Calves-Receipts. light: market. slow. Sheen and lambs—Receipts, light, market, steady. CINCINNATI. March 30 —Hogs—Receipts. 3.600 ; 200 direct and through; 130 held over; mostly around 5c higher: top and bulk good to choice. 180-250 lbs. $4 15; 260-300 lbs. $3.90414 05: better grade, 160180 lbs . $3.85 ,4: 130-150 lbs.. $3.404f 3.65: 120 down largely $2 50 u 3 25: cows. $2 75 0 3 Cattle—Receipts. 225: calves, receipts. 400 about steadv on light supply; a few medium to good steers and heifers mostlv. $4 505 25: fat cows largely $2.50fu3 25; low cutters and cutters 51.50a2.25: bulls. $2 754 3 50: good to choice vealers. $4.5061 550 common to medium grades slow, mostlv $2 50'u 4 Sheen—Receipts. 400; generally sieadv on meager supply; better grade lambs Quotable $526: common to medulm $3 50 3 5 small lot of spring lambs. $0: most fat aged ewes. $101.50; best Ucht weights. $2. Hu Timm Special LOUISVILLE. March 31—Cattle—Receipts. 100: slow mostly steady, bulk common and medium steers and heifers. $3.50:4 4 50: good lightweights, considered eligible around $3 50; bulk beet cows. $2 504}3; low cutlers and cutters. SI 25'u 2 25. bulls, mostly $3 down; run includes liberal supply stock calves: nothing done on these. Calves. $3 50, including around 250 stock calves; vealers. mostlv s’eadv with sorting less strict: mostlv $4 down to around $1 50. depending bn quality; strictly choice vealers considered eligible $4 50 Hogs—Receipts, 500: 5c higner: 175-240 lbs.. $3 95; 245-295 lbs.. $3 70 300 lbs up. $3 30: 135-170 lbs . $.7 40. 130 lbs. down. $2 75; sows. $2 60; stags. $! 65. Sheep—Receipts. 25. supply almost negligible. market quotable steadv, medium to good old crop lambs salable. ssv, 5 50; choice eligible. $6; springers absent slaughter ewes, $1 50'u 2 50. Receipts—Cattle, 61: calves. 187: hogs. 435. and sheep, 22. Shipments—22o calves and 106 hogs. PROWLER TURNS KILLER Prominpnt South Milford Farmer Slain bv Intruder. By United Press FT. WAYNE. Ind.. March 31Charles Pyatt, 62. prominpnt South Milford farmer, was shot and killed Thursday night by a prowler. Pyatt and his wife found the intruder in their living room when they returned home. Without warning the stranger fired one shot. Pyatt died Instantly. EXPANF^OFncTTPACE Com States Serum Company Moves to New Location. Removal of the Corn States Serum Company offices from 137 West Market street to larger quarters at 1028 North Illinois street, was announced today by R. P. Jaques, office manager. The company has installed its own Refrigerating space in the new offices. It specializes in hog cholera serum, handling a wide line of vetinary supplies. Dr. James C. Schoenlaub Is field representative.

New York Stocks

ißv Thomson & McKinnon March 31 Railroad,— High Low. 11 00 close. Atchison 42 s , 42 42% 42% ! .VI Coast Line 20% 21% Balt Ac Ohio ... 10% 10 10 10 Chesa Ac Ohio.. .. ... ... 27’, ; Chesa Corp 17 s , Car. Pac 7% 7% 7’, 7% ’Chi N West 3% 3% 3% 3% i C R X A: P 2% :>*; LAW.. 21 % 21% 21 % 21% I Dei Ac Hudson.. 53% 52% 53 52% I Erie 4% 1 Erie Ist pfd ... .. 5% i Great Northern .. 7 s * 8 , lilir.o. Central . 12% 12 s , 12 s , 12’, Lou A; Nash 29% 28 s , 29% 29% 1 M K A T 7% Mo Pacific ... 2% 2% ! Mo Pacific pld 2’, 2% N Y Central 19 18% 18% 18% Nickel Plate 2% |NYNH Ac H . .. 13s, 14 Nor Pacific . . 13’, 13% 13 s , 13% Norfolk A: West 11R O 4 W 9% 9% Pennsylvania ... 17% 17% 17% 17% iSo Pacific 15 s , 15% 15 s , 15% I Southern Rv ... 6% 6% St Paul 11. St Paul pfd 2 2 Union Pacific ... 71 70 71 70% Equipments— Am Car A: Fdy.. .. ... ... g • Am Locomotive. 7% Am Steel Fd ... r% 6% | Gen Am Tank... 19 18% 13% 18% Gen Elec 12% 12% Gen Ry Signal 18% 17% ! Poor A* Cos ... ... o Press Stl Car . . . % ! Pullman 23% 23 23% 23% Wcstingh Ar B . 15% 15% 15% 15% Westingh Elec... 24 s , 23’, 24 s , 24 1 Rubbers— I Firestone ... ... 9*, [Goodyear 14 J 2 14** *i4> 2 143. Lee Rubber ... ... 51 4 U S Rubber ... 3* 2 Motors— Auburn 31% 32% 32% 32% Cnrysler .. 9% 9% 9% 9% Gen Motors ... 11% ll- 2 ip* ji% Graham-Paige .... . ji. 11 Hudson . 31’ Marmon 1- 3, gsh 13% 13 13 13% Packard ... 2 1% 2 2 Reo ... ji Studebaker .. . 2 l’, 2 I’. Yellow Truck 0% Motor Access— Bendi.x Aviation 8% gi. Borg Warner. ...... ~. g Si® Eaton ~ ' . 4. Ei Auto Lite ii"! Haves Body , , , } 4 Motor Wneel .... ... 2 Murray Bociy i% 1% spark..-W s b. Warner .. ... 2’, Tim kin Roll 15% '153 Mining— Am Smeit ... 15 14-,, on.iconcia Corp. 6% 6% tj% A. a1 .a ..uri 14% 14% 14% 14% c. no ue Pasco 8% u-, no.uc M. les 13.4 14. 2 no: 1 , xas 21 o.u. rxor ore.. .. ... . 51,4 lU ‘ *•“ “ . .. B'/g 8 8% B% B. 2% i : on. noai .... ... ... l 0 iv.cni.tvot oup 9 9 Miami copper 2% 2% Noiaiiuu 19 I l '.,us t'Ul Sul 18 18% U fc> Smelt 21 s , Oils— Amerada ... ... 21% Ail Kenning ... 15% 15% Barnsdan 3% 3% 3% 3 3 , Houston ... ... 2% Sixi Oil ... ’ * 18 \ Ohio Oil 5% 5% 55* 6% Phillips 5% 53 Koval Dutch 18% Shell Ull 4% 4 Simms Pt 5% g° n o*l 5% "5% Skelly 3.., Standard of Cal .. .. 23% Standard of N J 25% 25% 25% 25% Soc Vac 6% 6% 6% 6% Texas Cos 12% Union Oil 10% 10% ’i6% 10% Steels— Am Roll Mills ... 7% 7% Bethlehem 13% Byers AM "io% Colo Fuel 4% 4 4% 4% Ludlum . 41 McKeesport Tin. 50 49% ‘56 50'. Midland 41 Repub I & s ’ '514 51: U S Stel 28’, 28 28’, 28% Vanadium 10% 10% Youngst, S&W 31. Youngst S & T 9% Tobaccos— Am Sumatra ... ... 75 8 Am Tob IAI new .. ... .. 56 Am Tob IB) new- 60 59 % 59% 591% Con Cigars 4 Lig A: Mvers (Bi 57% 57 57 57% Lorillard 12% 12% 12% 12V Reynolds Tob 30% 30% 30% 30 3 a Utilities— Adams Exp 4% 4% Am For Pwr ... 4% 4% 4% 4% Am Pwr & LI 4% AT&T 91 90% 91 90% Col Gas &El 10% 10 s , Com & Sou .... 1% 1% 1% 1% Cons Gas 43% 43% 43% 43% El Pwr & Li 3% 3% Gen Gas A % 3* Inti TANARUS& T . .. 57, 5% s’, s’, Lou Gas & El 15% Natl Pwr & Li.. 7% 7% 7% 7 s , No Amer Cos ... 17’, 17% 17% 17% Pac Gas & El •. ... 23’, Pub Ser N J .... 36 35% 36 36 1 -. So Cal Edison 18% 18*2 Std G & El 6% 6% 6% 6% United Corp ... 5Vi 5% 5% 5% Un Gas Imp ... 14% 14% 14% 14% Ut Pwr & L A 2 2% West Union.... 19% 18% 19% 19 Shipping— Am Inti Corp 6% 6% N Y Ship 5% United Fruit 32% 32% Foods— Am Sugar 357, 35% 35% 35 1 i Armour A 1% Cal Pkg 10% Can Dry 10 10% Coca Cola 83% Cont Baking (A) 3% Corn Prod 55 54% 55 53’, Crm Wheat 26% 26% 26% 27 Cudahy Pkg 25 Cuban Am Sugar 3% 3% 3% 3% Gen Foods 25% 25 25 25 Hershey 38 Jewel Tea 25 25% Kroger 171, Nat Biscuit . . ... 35% 35% Natl Dairv 13 12% 12% 13 Purity Bak 7% 7% Safeway St .. 32% Std Brands 16% 16% 16% 16% Drugs— CoIV Inc ... .. 2% Drug Inc 30 29% 29% 30 Lambert Cos 26 25% Lehn & Fmk 17% Industrials— Bush Term 12 12% Gen Aspahtl ss,5 s , Otis Elev 11% 12 Ulen ** Indus Chems — Air Red 57% 57% 57% 57’, Allied Chem .... 77% 76% 77% 76 s , Com Solv 13% 13% 13% 12% Dupont 34’, 34V* 34% 34 s , Union Carb 22% 22% 22% 23 U S Ind Alco 21% 21% Retail Stores— Assoc Drv Gds .. ... ... 4% Gimbel Bros ... ... 1% Kresge S S ... 6 s , 6% 6% 6% Mav D Store 12 12 Mont Ward 13 12% 13 13 Penny J C 22 22% Sears Roe 17 s , 17 17% 17% Woolworth 27 s * 27% 27 s * 27% Amusements — Bruns Balke 4% Eastman Kod ... 54 54% Fox Film A 1 3 * 1 % Grlssbv Gru ... % % Loews Inc 10% 10 10 10% Param Fam ... ... % Radio Coro .... 4% 4 4 4 R-K-O ,*< Warner Bros 1% 1% Miscellaneous— Citv Ice & Fu 9% Congoleum ... ... 8 Proc & Gam 24% Allis Chal .... ... 7% 1% Am Can 56% 55% 56% 55% .1 I Case 46% 44’, 45% 45 Cont Can 41 s * 41 s , 41 s , 41% Curtiss Wr .... I s , 1% 1% 1% Gillette S R. ... 14% 13% 13 s * 14% Gold Dust • 1* Int Harv 23% 22 s * 33 22% Int Bus M • .• • , 88 T’n Arcft 21% 20% 21% 20% TransamerPa .. 4% 4% 4% 4 s , Owens Glass ... 43% 43% 43% 43* 2 Chicago Stocks Opening ißv Abbott. Hoppin & Cos.) —March 13— Bore Warner.. 7% Lib McNeil Prod 1% Cities Serv .. 2% Swift & Cos .... 9 Comm Edison.. 54 New York Curb IBv Thomson & McKinnon) —March 31— 11:00 11:00 Am Cynamid .. 5 Hudson Bav .... 3% Am O & Elec . 18% Nat Bellas Hess. I s , Am Super Pwr.. 2’, Nat Inves I s , Cities Service . 2% Penroad 1% Cons Gos Balt 46 Std of Ind 18% Com Edison .. 53 Std of Ohio 16 Cord 5% Trans Air Trans 3% Derre &Cos ... 10% United G mew) 1% E Bond & Share 12% Un L & Pwr (At 2% Ford of Eng .. . 3 Ut Pwr Ford of France 3 Un 1 Gulf Oil 28 New York Bank Stocks ißv Abbott. Hoppin & Cos.) —March 30— Bid. Ask. Bankers 50 51 Central Hanover 107 109 Chase National 20% 21% Chemical 30 s * 31 s * National Citv 20% 21% Corn Exchange 47 49 First National 1.010 1 040 Guaranty 229 233 4 s * Manhatten A- Cos 17 17% New York Trust 66 68 Coal Operator Found Dead By United Press BRAZIL. Ind.. March 31.—A twenty-four-hour search for Joseph Ravbould, 65. coal operator, t*nded late Thursday with the finding of his body in a pond north of here. Relatives said he had been iIL

PORKERS GAIN 5 TOIO CENTS IN FIRM TRADE Slaughter Classes Little Changed in Cattle Mart; Sheep Dull. Good demand sent hogs up 4 to 10 cents at the city yards this morning. The bulk, 160 to 175 pounds, sold for $3.95 to $4.05, the latter figure representing the early top. Weights of 275 pounds up sold for $3.75 to $3.90; 120 to 160 pounds, $3.60 to $3.90. Receipts were estimated at 5.000. Holdovers were 186. Little change was noted in the cattle market, .slaughter classes holding steady with the previous range. Receipts were 300 Vealers were 50 cents higher, selling at $6 down. Calf receipts numbered 400. Sheep were undeveloped early as in previous sessions. Bulk of Thursday's late sales were around $5.60 to $5.75. Receipts today were 500. With practically no early action, asking on hogs at Chicago was 10 cents to 15 cents higher than Thursday’s average. Bids held strong at $4 on choice weights scaling 170 to 220 pounds. Bulk prices were undetermined in the early session. All classes showed only slight activity. Receipts were estimated at 10,000, including 2,500 direct; holdovers, 3.000. Cattle receipts numbered 1.000; market steady. Shepp receipts were 1,000; market unchanged. HOGS Mar. Bulk. Top. Receipts. 24. $4.00® 4.10 $4.15 6,000 25. 4.00® 4.10 4.10 1,500 27. 3.95® 4 00 4.00 5.000 28. 3.80© 3.90 3.95 7.000 29. 3.90© 4.00 4.05 5.000 30. 3.90® 4.00 4.00 6.000 31. 3.90® 4 05 4 05 5,000 Market, higher. (140-160) Good and choice....s 3.80® 3.90 , —Light Weights—-(l6o-180) Good and choice.... 4.05 (180-2001 Good and choice.... 4.05 —Medium Weights—-(2oo-220) Good and choice.... 4.05 (220-250) Good and choice ... 4.00@ 4.05 —Heavy Weights—-(2so-290) Good and choice.... 3.90® 3.95 (290-350) Good and choice.... 3.80® 3.90 —Packing Sow's—(3so down) Good 3.25® 3.50 (350 up i Good 3.10® 3.35 (All weights) Medium 2.85® 3.25 —Slaughter Pigs—-(loo-130) Good and choice 3.50® 3.60 CATTLE Receipts, 300; market, steady. —Steers—-(sso-1,100) Good and choice $ 5,25® 6.75 Common and medium 3.50® 5.25 (1.100-1,500! Good and choice 4.25® ...50 Medium 3.50® 4.50 —Heifers—-(sso-750) Good and choice 4.75® 6.00 Common and medium 3.25® 4.75 (7.50-9001 Good and choice 4.50® 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 exeludedi Good (beef) 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts. 400: market, higher. Good and choice $ 5.50® 6.00 Medium 4.00® 5.50 Cull and common 2.50® 4.00 —Calves—-(2so-500) 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 2.75® 4.50 (800-1.050) Good and choice 4.50® 5.75 Common and medium 2.75® 4.50 SHEEP AND LAMBS Receipts. 500; market, steady. —Lambs—--150 lbs. down) Good and choice.ss.so® 5.85 (90-110 lbs.l 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 CHICAGO. March 31.—Hogs—Receipts, 10.000; including 2.500 direct; mostly 5® 10c higher than Thursday; packing sows strong: 170-350 lbs.. 53.75®4.05; top, $4.10; light lights. $3.65® 4; pigs, $3.25® 3.65; packing sows. $3.40© 3.60; light lights, 140160 lbs., good and choice. 53.65©4; lightweights. 160-200 lbs . good and choice. $3.90 ®4.05; medium weights. 200-250 lbs., good and choice. [email protected]; heavyweights. 250350 lbs., good and choice. [email protected]; packing sows. 275-550 lbs,, medium and good, [email protected]; slaughter pigs. 100-130 lbs., good and choice. $3.25® 3.65. Cattle—Receipts, 1.000; calves. 500; generally slow, steady to weak trade on steers and yearlings; no reliable outlet for weighty bullocks; she stock fully steady, but most classes on catch-as-catch-can basis with lower grades predominating; most steers and yearlings. s4®s; nothing strictly choice here: slaughter cattle and vealers: Steers, 550-900 lbs., good and choice. $5.25®7; 9001.100 lbs., good and choice. $5.25®7; 1,1001.300 lbs., good and choice. $4.75® 7; 1,3001,500 lbs., good and choice. $4.25© 6.25: 5501.300 lbs., common and medium. $3.75® 5.25: heifers, 550-750 lbs , good and choice. $4.75(5 6: common and medium. $3.50®4.75; cows. good. 53.25© 3.75; common and medium. $2.50©3.25: low cutter and cutter cows. $1.75® 2.50; bulls, yearlings excluded, beef. $2.75©3.25: cutters, common and medium. $2.60®3.25; vealers. good and choice. $4©5.50: medium. $3.50©'4; cull and common. $3©3.50: stocker and feeder cattle: Steers. 500-1.050 lbs., good and choice, $4.50 ®6; common and medium. $2.75®4.50. Sheep—Receipts. 11,000: market slowed up by higher asking prices; few sales around setadv: good to choice lambs, $5.25®5.50; holding best above $5.65: choice 102-lb. Colorados. $5.10: slaughter sheep and lambs; Lambs. 90 lbs. down, good and choice. $5.15®5.75; common and medium. $4®5.25: 90-98 lbs., good and choice ss© 5.65; 98-110 lbs., good and choice. $4.75® 5 25: ewes. 90-150 lbs:, good and choice. $2 ©3: all weights, common and medium, $1.25®2.50. EAST ST. LOUIS. March 31.—Hoes—Receipts. 5.500: market. 10© 15c higher: top. $4. most 150-230 lbs . $3.85®4: 140-150 lbs.. $3.50® 3.80; 100-130 lbs.. *3®3.40: sows. 53.1553.35. Cattle—Receipts. 600; calves. 400: market, about, steadv in clesn-un trade: nominal range slaughter steers. $3.50®6.50: slaughter heifers. 53.50®5.50; not enough steers on sale to warrant mentioning. mixed readings and heifers. s4© 5: cows. 52.50W3.25; low cutters. $1.25© 1.75: sausag bulls. $2.25®2.75: good and choice vealers. $5.50. Slaughter classes— Steers. 550-1,100 lbs., ood and choice. $4.75 ®6 50: common and medium. $3.50®5: 1.100-1.500 lbs., choice. $5®6.50: good. $4.25 ®6: medium. S4©s. Sheep—Receipts. 750; market opned steadv to city butchers; desirable clipped lambs. $5.50. with indications steadv on others. FT. WAYNE. March 31.—Hogs—Market. 5c higher: 160-200 lbs . $3.95: 200-225 lbs.. $3.90: 225-275 lbs.. $3.85; 275-350 lbs.. $3.75; 140-160 lbs.. $3.75: roughs, $3: stags. $2; calves. $5 50®6: 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 50® 5: medium to good. $4®4.50: common to medium. S3®4; cows, good to choice. S3 ®3.50: medium to good. $2.50®3: cutter cows. 51.75®2.25: canner cows. $ 1 if? 1.50: bulls good to choice. 53©3.25: medium to good. $2.50®3: common to medium. s2® 2 50: butcher bulls, S3 25® 3 75. EAST BUFFALO. March 31.—Hogs—On sale. 2.700; very active to ail interests: steady to slightly over Thursday's average; desirable 160 to 230 lbs.. $4.25 to mainly $4.30: 250 lbs.. $4.15; 280 to 340 lbs. and weights below 140 lbs, $3.75®4. Cattle—Receipts. 125: nothing done on steers and heifers, cows active, firm: cutter grades. SI 60©2 25. Calves—Receipts. 650; vealers fairly active; steady at week's decline; medium and lower grades draggy; good to choice. $5.50® 6: common and medium. 53.50@4. Sheep—Receipts. 1.500; lamb trade fairly active; fully steady; good to choice woolskins, 90 lf>s„ down, leniently sorted. $5.75®6; largely $5.90© 6; few shorn lambs. $5 25. PITTSBURGH. March 31.—Hogs—Receipts 1.000; market steadv; 160-220 lbs . *4.25® 4.35: 220-240 lbs.. $4.10© 4.20; pigs. $3.50 © 3 85: packing sows. s3® 3 25. Cattle —Receipts. 25: market unchanged; medium to good steers auoted S4 50© 5.65: common to medium heifers. S3 50©4.75; common to good cows. S2 50© 3 50; bulls. S2 50©3 50 Calves—Receipts, 150: market slow, steadv to lower: good to choice vealers. 54.50®6plainer grade. 52 1 4. Sheep—Receipts 500 j market lambs, steadv to strong better ! grade clipped lambs. *s© 5.25; wool lambs up to $6; choice spring lambs quoted around SB. CLEVELAND. March 30.—Hogs—Receipts 1 100; hold over, none; desirable weights 10c higher: 160-250 lbs . $4 25: 260-300 lbs . $4 10; others steadv pigs. $3 50; few light lights. $3 75. Cattle—Receipts. 125: active. strong; scattered cutter to medium steers. s4©s 25: largely. s4® 5: cutter grade I cows around $1.75®2.50. Calves—Receipts. 300: slow, weak; some bids lower; predominating early sales around *5.50; odd head $6; cull to medium mainly *3®s. Sheep— Receipts. 1.000: lambs fairly active but steadv to weak: nearly good to choice cuppers. *s@s 35; wooled skins absent early; shorn throw outs. $4®4,50. i

THE INDIANAPOLIS TIMES

Labor’s Buying Power Off 50 Per Cent From 1929

Combination of Reduced Wages, Shorter Hours Cited. By Times Special NEW YORK, March 31.—America's industrial population has lost more than half of the purchasing power it possessed in 1929, the National Industrial Conference Board declared today. Basing computation on average reduction in wage scales, shortening of weekly work time, decline in employment and rise m the buying power of the dollar because of falling prices, it was asserted that present available purchasing power of the industrial class is only 46.3 per cent of what it was in 1929. The conference board studies show that since 1929 industrial wage rates have been reduced 19.3 per cent; that working hours of employed workers have been shortened on the average 26.9 per cent, and that the volume of employment has declined 43.4 per cent. These factors are combined to show that the industrial population as a whole, including both employed and unemployed, is receiving only 33.4 per cent as many dollars in wage income as in 1929. But the extent to which prices have declined is taken into account in computing industrial purchasing power. Commenting on the significance of its findings, the conference board says: “Whether the figure 45.3 represents exactly the present reduced purchasing power or whether it varies slightly one way or the other is immaterial. The significant fact is that it is less than half of what it was when industry was active. When one of the largest and most dependable markets of American industry has contracted by more than one-half it is small wonder that efforts to increase industry activity meet with little encouragement.” The importance of restoring and mobilizing purchasing power, the conference board points out, is basic in any program for business recovery. Many of the special economic problems that have arisen during the depression have their origin, it is contended, in the fact that industry can not produce because there is little market for its product. Since the ultimate consumer does not purchase in any volume, factories are idle or working on part time, and therefore railroads are in difficulties because of the low demand for transportation. The consequent loss of earning power of invested capital is reflected in depressed security prices, which in turn complicate the problems of large holders of securities, such as banks and insurance companies, the report continues. The consequences of lost purchasing power have multiplied in an ever widening circle, it is represented.

BUSINESS NEWS SUMMARY

Broke rs Loans during week ending March 29, decreased $27,000,000 to $371,000,000. Non-brokers loans declined $40,000,000. Sale of a New Y'ork Curb Exchange seat showed a decrease of $10,500 from previous sale of *24,500. Heavy number one steel melting scrap in Pittsburgh district advanced 25 cents to $9.50 a ton.

In the Cotton Markets

CHICAGO —March 30— _ High. Low. Close. January 6.94 6.90 6.90 March 7 07 Mav 6.40 629 6%2 JulV 6.55 6.48 6.48 October 6 78 6.69 6.69 December 6 88 6.82 6.82 NEW YORK January 6.89 6.80 6.84 March 7.01 6 93 6.99 May 6.35 6.25 6.30 Julv 6 52 6 40 6.45 October 6.72 6.61 6.65 December 6.82 6.73 6.78 NEW ORLEANS May 6.32 6.24 6.28 Julv 6.47 6.40 6.44 October 6.65 6.60 6.62 December 6.79 6.75 6.76 NEW YORK RAW SUGAR FUTURES —March 30— High. Low'. Close. January 1.17 1.12 1.17 March 1.19 1.14 1.18 Mav 1.06 1.00 1.05 July 1.09 1.05 1.08 September 1.13 1.09 1.13 December 1.16 1.12 1.16

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INDIANAPOLIS WEEKLY LIVESTOCK REVIEW

FOR WEEK ENDING THURSDAY. MARCH 30 Bv U. S. Dept, of Agriculture —Cattle— The local cattle market probably was affected more ov an txcessive supply on iuesaav than anv other lactor. annougn the lour-aav total at Indianapolis ana eisewhere was somewhat in iavor of tne buying side. Monday's iraae was dependable and all classes represented sold sully steady but Tuesday's run of 1.990 head met considerable resistance and onlv a lew classes held steadv. Asa rule beet steers sold 25c lower, heifers almost as much, ana cows lost some of the initial strength. Subsequent sessions afforded little comfort to salesmen who sought to recover the loss as many killers had acauired most of their weeks slaughter cattle on Tuesday. Heifer trade seemed raggea, some deals reflecting urgent orders while others indicated a lack of interests, but in general the price trend unmistakably was lower, excepting a few small lots exactly suited to buvers needs. There was a lack of quality and condition in the entire steers run this week, with few exceptions, and these were mostly in the medium weight and heavy divisions. Bulk of the offering graded medium to good and cashed largely from $4.25®5.25 with numerous loads irom $4.50 ©5. There was some showing at $5 50 and two or more loads cashed at 55.75. averaging 981 and 1.212 pounds. Other deserving sales were 1.374-pound bullocks at $4.50 and 1,466-pound heavies at $5. There was no test of extreme quotations, but individual yearlings at $6 seem to justify a quotation of $6.50® 6.75 for strictly choice lightweights and yearlings. Heifers sold very sparingly above, $5.25, in fact those at $5.50 and $5.75 were hardly numerous enough to figure in bulk sales. Most of the supply cashed from $4.25©; 5.25 with the latter paid frequently for weights from 650 to 700 pounds. Weightier kinds were noted at the same figure however. and if good received little discount because of weight. Low grade descriptions, usually dairy types cashed from $3.25® 4. Beef cows bulked from $2.50® 3.25 with only a very few sales up to $3.50. and low cutters and cutters remained within the recent spread of $1.50® 2.26. Vealers broke a dollar since last Friday under the influence of Lenten conditions and increased marketings locally and in the aggregate. At the ( lose of last week good and choice handyweights cashed at s6® 6.50 with lower grades under $5.50. A 50c loss Monday followed by a similar decline Tuesday reduced the good and choice kinds to a ss® 5.50 basis with common and medium grades from $2®4.50. —H o 2 s Although the hog market was without spectacular features there was a downward slant in the price ievel. The loss since last Friday amounts to only 10c and the top varied little from the coveted S4 mark. Salesmen made earnest attempts to offset the adverse influence of increased marketings a.id resisted any drastic price alteration. Consumer purchasing power as reflected in the dressed meat trade was far from encouraging and most killers found themselves without enough support from that auarter to justify the hoped for advance in live day offering went into that channel. The scheduled too last Friday and Saturday was $4.10. dropped to $4 Monday and then to $3.90 on Tuesday. A 10 cent advance Wednesday returned the $4 top and this was held Thursday. As usual a 5 cent premium W'as paid on most days for some outstanding lots and peak prices were generally 5 cents above the prevailing schedule. Good and choice 160 to 300-pound selections bulked from $3.85® 4; 300 up from $3.65® 3.85: 130 to 160 pounds. $3.60© 3.00 and 100 to 130 pounds from $3.40 to $3.60. While weights from 160 to 225 pounds and sometimes up to 250 pounds were listed at the maximum price there was more call for 190 to 220 pounds than for other weight selections. Butchers over 300 pounds were relatively scarce but were listed in accordance wuth the daily price changes in force. Packing sow's sold in an extreme range of [email protected]. mostly $3®3.25. —Sheep— The slump in local marketing this week in contrast with a twelve market increase mav be attributed in part to the “inbetween" period. Apparently the movement of w'ooled lambs, particularly fed westerns, from nearby territory is nearing completion and shorn lambs have not started to move in large numbers. Price changes from day to day were of little importance and matinee sessions remained in favor. Fed westerns cashed largely from $5.50®6, with $5.65 and $5.75 taking the majority. The $6 kind were noticeably scarce and weighed around 80 pounds while most of the $5.50 western averaged more than 90 pounds. Heavv lambs in choice condition cashed from 55©5.25. Throwouts and low grade descriptions of all weights sold in a small wav from $3.25®4.50. Good fat ewes cleared from $2®2.75. a few $3, with common and culls from $1®1.75, and some good heavy slaughter ewes at $1.75® 2.25.

Bright Spots

By United Press South Penn Oil Company reports 1932 net income of $945,761, against net loss of $820,191 in 1931. S. H. Kress & Cos. declares extra dividend of 50 cents a share on common stock. Douglas Aircraft Company reports net profits for quarter ended Feb. 28 of $85,832, compared with $57,026 in corresponding 1932 quarter. Plymouth Oil Company reports 1932 net profit of $1,667,008 against $825,014 in 1931. Department of Labor reports advances of 1.6 per cent in employment and 1.7 per cent in manufacturing industry pay rolls during February. New York, Ontario & Western railroad reports February net operating income of $72,987, against $61,628 in February last year.

FEDERAL BANK RESERVES SHOW GOODINCREASE Currency Demand Lessens as Gold Stocks Pile Up. By United Press WASHINGTON, March 31.—Further strengthening of the banking structure of the country was indicated today in the federal banks' condition statement for the week ended March 29. Reserve banks continued to take in large quantities of gold, which piled up their reserves far in excess of legal requirements. Meantime. demands for currency diminished to such an extent that money in circulation, federal reserve bank credit, bills bought in the open market and bills discounted, showed sharp declines. All these changes indicated, according to officials, that banking conditions in the country gradually were returning to normal. Gold reserves of the system amounted to $3,236,766,000. the highest level since early February, and were $53,227,000 above the recent low touched during the banking emergency on March 3. Currency Demands Drop At the same time, lessened currency demands enabled the federal reserve banks to reduce their note circulation to $3,747,626,000 from $3,916,342,000 in the preceding week and the recent high of $4,292,702,000. This process sharply increased the gold coverage of the notes. The volume of all money in circulation this week declined $255,000,000 to a total of $6,353,000,000, compared with the recent high of $7,538,000,000, but still w r as $913,000.000 above a year ago. The report showed that banks were not availing themselves to a large extent of the privileges of issuing federal reserve emergency bank notes authorized under the emergency banking law. Only $14,228,000 of a proposed issuance of $2,000,000,000 of these bank notes were in circulation up to today. Last week's circulation of these notes was $9,269,000. This week’s statement showed that the emergency non-gold bank notes had been issued in five federal reserve districts. Balances Show Upturn They were: New York, $10,338,000; Philadelphia, $1,641,000; Boston, sl,468,000; Cleveland, $745,000, and St. Louis, $36,000. The daily average volume of federal reserve bank credit outstanding during the week ended March 29, was $2,787,000,000, a decrease of $321,000,000 compared with the preceding week. On March 29. the total federal reserve bank credit was $2,688,000,000. a decrease of $199,000,000 for hte week. This decrease corresponded with a decrease of $255,000,000 in money in circulation and increases of $8,000,000 in monetary gold stocks and $18,000,000 in treasury currency. It was offset in part by increases of $69,000,000 in member bank reserve balances and $12,000,000 in unexpended capital funds.

Produce Markets

Delivered In Indianapolis prices; Hens, heavy breeds over 4% lbs., 10c; Leghorns. 7c; large springers and stags, i% lbs. up. 7c: Leghorns and black and Leghorn stags. 1% lbs. up. sc; cocks. sc: Leghorn cocks, 4c. Ducks—Large white full feather and fat. over 4 lbs.. 6c: small and colored. sc; geese, full feathered and fat. sc; young 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 55 lbs. gross will be made. Butterfat 12c: No. 1 butter. 20® 21c. These prices for healthy stock free from feed: no sick poultry accepted. Quoted bv the Wadley Company. BY UNITED PRESS CHICAGO, March 31.—Eggs—Market, steady to firm, prices unchanged; receipts 26,996 cases; extra firsts. 12%12'tc; firsts. 11%®12c; current receipts, 11c; dirties, 10c. Butter- Market, unsettled, prices unchanged to %c lower; receipts 9,792 tubs; specials. 18®18%c; extras. 17%c; extra firsts. 17V*c: firsts, 17c; standards. 17%c. Poultry—Market, steady; receipts, 10 trucks: fowls, 12%©75c; springers. 14© 16c; Leghorns. 11 %c: ducks, 11% ©l4%c; geese, 9®llc; turkeys, 10® 15c; roosters, 10c; broilers, 20© 21c; stags, 12c. Cheese—Twins, 10©10Uc; longhorns, 10% ®lo%c. Potatoes—On track 335: arrivals, 147; shipments, 897; market, dull; Wisconsin racked Round Whites, 75iff 77Lie; Idaho sacked Russets, $1.25® 1.30. CINCINNATI. March 30.—Butter—Packing stock No. 2. 13c: No. 3.11 c; butterfat delivered, 15c per lb. Eggs—Steadv; cases Included: extra firsts. ll%c; seconds. 9%c; nearbv ungraded. 10%c: duck eggs bulk. 14c; shipping order 15c: goose eggs. 60c. Live poultry—(Following Quotations represent prices for poultry in good healthy condition. Thin and coarse stock sells onlv at heavv discount.) Fow'ls. 5 lbs. and over. 12c; 4 lbs. and over, 12c: 3 lbs. .and over. 12c; Leghorns. 3 lbs. and ovpr. 11c: roosters. 7c: stags. 10c: colored broilers. 1 lb. and over. 21c; 1% lbs. and over. 21c: 2 lbs. and over, 21c: Leghorn broilers. 1 lb and over. 19c: 1% lbs. and over 19c: ducks, under 3 lbs., sell at liberal concessions: ducks, white. 4 lbs. and over. 10c; under 4 lbs.. 9c: colored 4 lbs. and over. 9c: under 4 lbs.. 8c: capons. 8 lbs. and over. 20c: under 8 lbs . 17c: slips. 12c: guineas. 7c: turkevs. No. 1. 15r: No. 1 voung Toms, over 15 lbs.. 12c; No. 1 old Toms. 10C. NEW YORK. March 30.—PotatoesSteady: Long Island, 60c©52.40 ner barrel: southern. $2 25© 4: per barrel; Maine. sl© 2 per barrel: Idaho. $1.18®1.85 per sack; Bermuda. S3©B per barrel; Canada. $1.75© 1.85 per barrel. Sweet potatoes—Dull; Jersey basket. [email protected]; southern batrel, $125®1.50; southern basket. 40c®51.25. Flour—Dull: springs: patents. $3,95® $4.20 per sack. Pork—Steady: mess, $17.25 per barrel. Lard—Dull: middle west spot, $4.50©4.60 per 100 pounds. PetroleumQuiet: New York refined, 17c: crude Pennsvlvania, 97c®51.47 per barrel. Grease— Steadv: brown. 2%®2%c per pound: yellow. 2%®2%c per pound: white, 2 3 n®2%c per pound. Tallow —Steady: special to extra, 2 S B ®2 S BC per pound. Common hite—Nominal. Hides—City packer, quiet: native steers. 6c: butt brands. s s 4c: Colorados, 5%c. Dressed poultry—Steady; turkevs. 12®22c; chickens. 13®21c: broilers, 15® 26c: capons. 14®25c: fowls, 8® 17c: ducks. 8® 12c; Long Island ducks. 13® 14%c. Live poultry—lrregular: geese, 7®. 12c: turkeys. 20®25c: roosters. 10c: ducks. 12® 17c: fowls. 14®16c: chickens. 13®27c: canons. 18©26c: broilers. 13©25c. Cheese —Quiet: state whole milk fancy to specials. 16® 18c; Young America. 12c, Butter — Market, steadier: creamery, higher than extras. 17 3 4®18%c; extra, 92 score. 17%c; firsts. 90® 91 score. 17%c. Eggs—Market, firm: special packs, including unusual hennery selections. 14%®15 s *c: standards, 14®14%c; firsts, 13©13%c; seconds. 12%©, 12%c. CLEVELAND. March 30—Butter—Market. steady: extras, 21%c; standards. 21 3 *c. Eggs—Market, steady; extras. ll s *c; current receipts, 11 %c. Poultry—Market steady: heayy fowls. 15c; Leghorn fowl. 12®13c: medium fowl, 15®16c: heavy springers. 13®74c: Leghorn springers, 12® 13c: No. 2 chickens. 8c: ducks, 10® 12c; geese. 10c: turkevs under 15 lbs.. 13©,16c: turkeys over 15 lbs.. 13c: old roosters. 8® 10c: old toms. ll©12c: stags. 11c: capons. 17© 18c. Potatoes—Ohio. New York and Pennsylvania 100 pound sacks Cobblers and Round Whites. United States No. 1 and partly graded 85©90c; New’ York. Ohio an Pennsylvania, sacks a bushel. Cobblers and Round Whites, partly graded. 50©60c. CHICAGO FRUIT MARKET By T'nitrd Press CHICAGO. March 31 —Apples—lllinois Willow Twigs bushel. *l.lo® 1.25; W'inesaps bushel, $1.35: Michigan Starks bushel. $1 25. In the Air South wind, 18 miles an hour; temperature, 58; barometric pressure, 29.79 at sea level; general condition, overcast, light fog; ceiling, 1,000 feet; visibility 3 miles.

HEADS OIL PARLEY

■Bf % *

Governor Alf Landon

Governor Alf Landon of Kansas is presiding over the meeting of oil state governors and representatives of major and independent producing companies, being held at Washington under the auspices of Interior Secretary Ickes. Problems aid needed adjustments of the industry are on the program for consideration of the convention.

INDIANA STOCKS AND BONDS

The following quotations do not tepresent actual bias or offerings, but merely indicate the approximate market level based on buying and selling inquiries or recent transactions. —March 31— STOCKS* Bid. Ask. Belt Rail & Stocks Yards com 21% 26* i Bel Rail & Stock Yds pld 6% 45 49 Central Ind Power pld 7%.... 8 11 Citizens Gas com 14 17 Citizens Gas co pld 5% 63 68 Home T & T Ft Wavne pfd 7% 39 43 Ind & Mich Elec Cos pfd 7%.. 72 77 Ind Gen Service Cos pfd 6%.. 70 7 Ind Hydro Elec Cos pfd 77c... 30 35 Indpis Gas Cos com 42 47 Home T & T Ft Wavne pfd 7% 34 39 Indpis Power & Lt Cos pfd 67, . 48 53 Indpis Water Cos pfd 5%... 90 95 Indpis Pwr & Lt Cos pfd 6%.. 52 56 No Ind Publ Ser Cos pfd 5%%.. 21% 25% No Ind Pub Serv Cos pfd 5'.,.. 28% 32% North Ind Pub Serv Cos pfd 770 30 35 Public Service Cos pfd 6%.... 21% 24*2 Public Service Cos pfd 77.... 39% 43*2 South Ind Gas & El Cos pfd 6% 55 60 Terre Haute Elec pfd 670 .... 45 50 BONDS Citizens Gas Cos 5s 1942 82 87 Home T & T Ft W 5%s 1955.. 95 98 Home T & T Ft W 6s 1943... 96% 99% Indpis Gas Cos 5s 1952 74 79 Indpis Rvs Inc 5s 1967 21*2 25 Indpis Water Cos 4%s 1940 .... 96 100 Indpis Water Cos 5s 1960 .... 88 92 Indpis Water Cos 5s 1970 88 92 Indpis Water Cos 5%s 1953.... 96 100 Indpis Water Cos 5%s 1954 96 100 Kokomo Water Works 5s 1958 76 80 Lafayette Tel Cos 5s 1957 81 85 Muncie Water Works 5s 1939.. 93 97 Richmond Water Works 5s 1957 82 86 Terre Haute Water Wk 5s 1956 82 86 Terre Haute W’at Wrk 6s 1949 91 95 Traction Terminal Cos 5s 1957.. 37 41 Joint Stock Land Banks Bid. Ask. Atlanta 57 27% 30% Atlantic SUc 41 44 Burlington 57* 25 27 California 570 49 52 •Chicago 570 19 21 Dallas 67 43 46 Denver 57 43 46 Des Moines 57 38 42 First Carolina 57 27% 32 % First Ft Wayne 57 43 47 First Montgomery 57 30 33 First New' Orleans 57, 29 32 • First Texas 57 40 43 First Tr Chicago 57 42 46 Fletcher 5% 61 64.. Fremont 57 35 37 Greenbrier 57 56 59 Greensboro 57 -33 40 Illinois Monticello 57 50 55 Illinois-Midwest 57 37 40)2 Indianapolis 57 70 75 lowa 57 47 50 Kentucky 57 52% 56% Lafayette 57 41 45 Lincoln 57 40 44 Louisvile 57 48% 51 % Marvland-Virginia 50 55 New York 57 41 43 Mississippi 57 38 42 North Carolina 57 28 31 Oregon-Washington 57 31 33 Pacific Portland 57 40 43 Pacific Salt Lake 57 40 43 Pacific San Francisco 5% 40 43 Pennsylvania 57 50 53 Phoenix 57 61 63% Potomac 57 41% 45% •St Louis 57 14% 16% San Antonio 57 47 50 •Southern Minnesota 57 11% 13 Southwest 57 33 36 Tennessee 57 33 42 Union Detroit 57 38 42 Union Louisville 57 50 53 Virginia Carolina 57 38 42 Virginian 57 47 50 •Flat.

The City in Brief

SATURDAY EVENTS Alliance Francaise. luncheon Washington. Sigma Alpha Epsilon, luncheon, Columbia Club. Gideons, meeting, 7 p. m.. Washington. James Dunkerson, 1-year-old son of Mr. and Mrs. Thomas Dunkerson, 539 Keystone avenue, Friday suffered painful face and arm burns when he overturned a bowl of hot gravy his mother had placed on the table while she prepared the remainder of the noonday meal. M. L. Chyenkus, 3015 North Meridian street, Apartment 309, Thursday reported to police the theft of a platinum wedding ring set with twenty-five small diamonds, valued at $125. The ring was stolen from their apartment while he and his wife were absent. Chyenkus said. Tenth Ward Republican club will hold a business meeting and card party at 8 Saturday night at 2507 English avenue. Merlin Chapter No. 6, United Ancient Order of Druids, will give a benefit euchre and bunco party at 8:15 Saturday night in Druids hall, 29 South Delaware street. Dr. White, of Indianapolis university extension division, social research expert, will speak on "Population Movements in Cities” at the luncheon of the Scientech club Monday at the Columbia club. Chinese houses are arranged very much like the houses of ancient Rome, says Dr. Berthold Laufer of the Field museum.

I ■> INDPIS. POWER S LIGHT NEWTON *ll 61 /2% and 6 % Preferred TODD B * * 415 LEMCKE BLDG.

ABBOTT, HOPPIN & COMPANY 203 Continental Bank Building Indianapolis Stocks Bonds Grain MEMBERS: New York Stock Exchange New York Curb Exchange Chicago Stock Exchange Chicago Curb Exchange Chicago Board of Trade Co-Managers JAMES T. HAMILL KENNETH K. WOOLLING Riley 5493

3T, 1933

STOCK ISSUES IRREGULAR IN NARROW RANGE Rail. Auto Shares Steady to Firm: Sugar Groups Active.

Average Stock Prices

Average of thirty industrials lor Thursday, high 57 17. low 56.10. last 56 49. off 32 Average of twenty rails 27.05,. 26 51, 26.74 .off 40 Aierage ol twenty utilities 20.60. 2017. 20 40, off .01. Average of forty bonds 74 75. off 12. Average of ten first rails. 84 85. off 09 Average of ten second rails., 58.19. off 32 Average of ten utilities. 88 29. up 18. Average of ten industrials. 67 66. off .51. BY ELMER C. WAIZER United Press Financial Editor NEW YORK. March 31.—Stocks opened quiet with prices moving’ narrowly around the previous closing levels. Changes were mixed in the early dealings. American Telephone opened at 90\, up *B. and later extended that gain. Steel common opened at 28%, off % ; Case 45. unchanged; Chrysler 9’*, up * 8 ; Auburn Auto 32%, off •'■s; Drug. Inc. 30. unchanged; Montgomery Ward 12%. off %; Woolworth 27%. unchanged; Wcstinghouse Electric 23%. off %, and American Can 55%, off •%. Railroad shares ruled steady around the previous close. Utilities eased off with Consolidated Gas at 43I*, 1 *, off %. Automobile shares, aside from Auburn, were steadv to firm. American Sugar continued strong in the sugar group at 35%. up •%, Coppers were practically unchanged, as were Alcohol shares. Cotton futures eased off a few points at the outset. Bonds opened steady. United States government loans firmed up. Trading was quiet on the London Stock Exchange with price movements irregular. German bonds in London continued to decline sharply.

Bank Clearings

INDIANAPOLIS STATEMENT —March 30— Clearings $1 002.000 00 Debits 3.535,000,00 TREASURY’ STATEMENT March 31— Net balance for March 29 . ,$506.94R 329 60 Expenditures March 29 . 5.228,358 47 Customs rects., mo. to date 15.969.507.47

Foreign Exchange

Bv Abbott. Hoppin & Cos. —March 30— Open Close Sterling. England 53.42 U $3 43'„ Franc. France 0392 7 * .0392 7 Lira, italy 0513'- .0313 Belgas. Belgium 1394 1394 Mark, Germany 2384 .2381 Peseta. Spain 0845 .0843 Krone. Norway 1755 .1757 Krone. Denmark 1529 1536 Liberty Bonds B’l United Press NEW YORK, March 30.—Closing Liberty bonds: Liberty 3' 2 s. '47 100 17 Liberty First 4Us. 47 101.20 Liberty Fourth 4>,>s. '3B ,101.21 Treasury 4>4S. *52.... 107 19 Treasury 4s, '54 104 8 Treasury 3Us. '56 102 18 Treasury 3 r aS. ’47 ... 100 20 Treasury 3 3 bs, '4.3. March 100 16 Treasury 3 x as, '43. June ....10017 Treasury 3'ns. '49 98 5 Treasury 3s. '55 96.20

Investment Trust Shares

By Abbott, Hoppin & Cos. —March 30Bid. Ark. American Bank Stocks Corp... 100 120 American Founders Corp 75 1 25 American & General Sec. "A" 3 00 6 00 Basic Industry Shares 184 British Type Inv. Tr. Sh 46 52 Collateral Trustee Shares ‘ A” 3 00 3.37 Corporate Trust Shares (oldi 1.47 Corporate Trust Shares (new) 1 48 1.60 Cumulative Trust Shares 245 Diversified Trust Shares "A”. 6.00 6 50 Diversified Trust Shares ‘ B". 425 4 50 Diversified Trust Shares "C". 1.90 1 95 Diversified Trust Shares "D". .3.12 3 37 First Insurance Stock Corp... 1 75 205 First Common Stock Corp ... 115 135 Fixed Trust Oil Shares "A".. 5.:i5 Fixed Trust Oil Shares "E" . 422 Fundamental Trust Shares "A” 2.45 2 55 Fundamental Trust Shares ‘B" 240 250 Leaders of Industry "A" 1 87 2.12 Low Priced Shares 225 Mass. Inves. Trust Shares 12.62 14 00 Nation Wide Securities 2.14 North Amer. Tr. Shares U953t 126 North Am. Tr. Shares (55-56) 1.55 1.75 Selected American Shares.... 162 Selected Cumulative Shares... 4 38 4 48 Selected Income Shares 2 3.3 240 Std. Amer. Trust Shares 2 25 2 35 Super Amer. Trust Shares "A” 2 20 Trust Shares of America 2 02 2 08 Trustee Std. Oil "A" * 2 87 Trustee Std. Oil ' B" 2 50 2.87 U. S. Slec. Lt. In Power “A”..11 25 Universal Trust Snares..' 190 198 NEW YORK COFFEE FUTURES —March 30— RIO „ High. Low. Clos*. Mar 5 35 July 521 September ... 5 05 December 4 98 4 92 4 98 SANTOS March 7.11 7 03 7.11 May 7 80 7 74 7 80 Julv 7.49 7 43 7 49 September 7 29 7.18 7 27 December 7.19 7.13 7 19

We Buy and Sell Building and Loan Shares Or Pass Books Equitable Securities Company Lincoln 5581 219 E. Ohio Ut.

AUTO FINANCE AT 6% Corns direct to n* befors yog bny If you want to gave on tho Finance charge*. GREGORY & APPEL 247 N. Penn. Lincoln 7491