Indianapolis Times, Volume 44, Number 279, Indianapolis, Marion County, 1 April 1933 — Page 10

PAGE 10

WHEAT SHOWS STRONG TREND IN SLOW DEALS Inflation Talk Provides Most of Basis for Upturn. BY HAROLD E. RAINVILLE United Pre Staff Correspondent CHICAGO, April I—Wheat price* ran up more than a cent a bushel on the Board of Trade on Friday on inflation talk, but persistent selling by interests identified with the farm board checked the upturn. Later there was a small reaction when houses with eastern connections sold. The other grains followed wheat, but corn was less active than ot late. Eastern shipping demand was less pronounced. Oats was dull, but rye showed signs of independent strength. Close Is Higher At the close wheat was ■’ ! * to % cent higher; corn % to ’ cent higher; oats unchanged to % cent higher; rye 1 to Hr cent higher, and barley unchanged to % cent nigher. Provisions were dull and steady. Trade was light during the morning with most operators watching Washington for news of the farm bill and awaiting the announcement of the farm board holdings, due Saturday. Liverpool was stronger than anticipated and closed % to it cent higher. Receipts were 5 cars. Cash prices were % to % cent higher. Corn Under Pressure Corn was under some pressure from profit-taking by longs, but received good support and held M cent higher at mid-session. Strength in wheat was a factor. Elevator and cash houses were buying as usual during the past few days. Bookings were fiO.OOO bushel with sales 130.000 bushel. Cash prices were unchanged. Receipts were 116 cars. Oats was firm with scarcely any change in price during the morning. Rye, however, showed strength and was :i 8 to cent higher at midmorning. Cash oats was unchanged to ti cent higher. Receipts w'ere 37 cars. Chicago Primary Receipts —March 31 - Wheat 394.000 Corn 506,000 Oats 272.000 Chicago Futures Range —March 31WHEAT- Prev. Open. High. Low, Close, close. May.. .52% .54 % .52’4 .53% 52% Jill'.. .53% .54% .53% .54% .53% Sent.. .54 >'4 .55% .54 .54% .54 CORN Mav.. .29% .30% .29% 29% 29% July.. .31% .31% 31% .31% .31% Sent .32% .33% .32% .33 .32% OATSMav.. .19% .19% .19% .19% .19 Jtllv.. .19% .19% 19% .19% .19% Sept. .19% .19% .19% .19% .19% RYE— Mav.. .40% .41% .39% 41 .39% July.. .40% .41 % .40 .41% .40% Sent ... ... .41 BARLEY Mav.. .30% .30% .30% .30% .30% July.. .31% .31% .31% .31% .31% LARD— Mar . 4.15 4.15 Mav.. 4 25 4 25 4 25 4 25 4 25 JulV. 4.35 435 435 4.35 435 Sent 4 47 4 47 4 45 4 45 4.45 BELLIES - Mar ... ... 5.12 5.12 Mav 4,95 4.95 Jul V.. 5.10 5.10 CHIC AGO CASH GRAIN By United Press CHICAGO. March 31—Cash grain close: Wheat—No. 3 hard. 54c. No 2 mixed. 54% C.55%c: sample mixed. 52%c. Corn No 3 mixed. 30%c: No. 4 mixed. 30c: No 2 yellow', 31c: No 3 yellow. 29%®30%c: No. 4 yellow. 2941.30 c: No. 4 white. 30%®31c. Oats —No 2 white. 20%c: No. 3 white, 18%'<i 19%c: No. 4 white. 17%4£18%c: sample. 15%c. Rve—No 4 39%c. Bariev—27 7/42c. Timothy—s2.ls® 2.35. Clover—s6.7s ® 9.50. B. i/ Times Spcrinl CHICAGO. March 31. Carlots: Wheat, 17: corn, 102; oats. 20; rye, 3, and barley 16. TOLEDO CASH GRAIN Bfi United Press TOLEDO. March 31. Grain close: (Grain In elevators, transit billing' Wheat—No. 2 red. 61%W62%c; No. 1 red. 1 rent, premium. Corn No. 2 yellow. 35% 7/ 36%c. Oats No 1 w hite. 23% 24c. Rve- No. 2. 47% 48c. Bariev No. 2. 34%41 35%c. (Track prices. 28%c rate.i Wheat—No. 2 red. 57®57%c: No 1 red. 587/58%c. Corn—No. 2 yellow. 31 % ® 32c: No 3 yellow . 30%% 31c: No. 4 yellow. 39',•4130c Oats No. 2 white. 20% 22c; No. 3 w hite. 19%% 22c. Seed close Clover —Cash. $6. Alsike— Cash. $6 20. Indianapolis Cash Grain —March 31— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f o. b . shipping point, basis 41 %c New York rate, were: Wheat Strong: No. 1 red. 53% 54c; No. 2 red. 52% 53c; No. 2 hard. 52% 53c. Corn—Firm; No 3 white. 22%% 25%c: No 4 white. 23%%24%c: No 3 yellow, 22%%23%C. No. 4 yellow. 21%%22%-c: No. 3 mixed. 21 %>i 22%c; No. 4 mixed. 20%% 21 l ic. Oats —Firm: No 2 white. 16% ® 16\c; No 3 white. 15%% 15%c. Hav— Steady; (F o. b. country points taking 23%r or less rates to Cincinnati or Louisville'. No 1 timothy. SS.aO'S'O; No. 2 timothv. $5 % 5.50. Inspections Corn—No. 3 white. 5 cars; No 4 white. 1 car; No 1 yellow. 1 car: No. 2 yellow 7 cars: No 3 yellow. 25 cars; No. 4 yellow. 6 cars. Total. 45 cars Oats No. 2 white. 11 cars: No 3 white. 12 cars: No. 4 white. 3 cars: sample white. 1 car No 2 mixed 7 cars: No 3 mixed. 4 cars: No. 2 red. 2 cars. Total. 40 cars. INDIAN ATOMS WAGON WHEAT Citv grain elevators arc paving 48c for No. 2 soft wheat. Other grades on their merits. Other Livestock BY UNITED TRESS LAFAYETTE. March 31 Hog market, gteadv to 5c higher; 170-225 lbs . $3.85% 390 -’25-275 lbs . $3.75% 3 80: 275-325 lbs., $3 60% 3.70: 150-170 lbs.. $3.60: 100-150 lbs.. $3.10% 3.30: roughs. $3.10 down; top calves. $5; ton lambs. $5 CINCINNATI March 31 —Hogs—Receipts. 4 700' 474 direct and through: 100 held over- generally steady, some buying interests going slow: too and bulk, good to choice. 180-250 lbs. $4.15: 260-300 lbs.. $3 90% 4 05: 160-180 lbs . $3.85% 4: 130-150 lbs $3.40% 3 65: under weights $2.50%' 3 25- sows $2.75Cd3. Cattle—Receipts. 300: calves, receipts 400: slow, barelv steadv despite tight supplies of most classes; a few medium to iust good steers and heifers mostly 54'0'5: fat cows, largely $2.50% 325 low cutters and cutters mostly $1.50% •> 25 : bulls. $2.50 u 3.50: good to choice vealers *4.50% 5.50: common to medium. *4 down Sheen Receipts. 400: slow, generally stcadv: best shorn lambs. $5 50: bettor grades of wooled offerings ouotabie s- '6: common to medium. $3.50%5: seieral lots of spring lambs mostly S8'il0; fat need ewes mainly $1 <f? 1.50: best light weights. $2. CLEVELAND. March 31 —Hogs—Receipts. 800 holdover, none, steady to 10c lower; des raMe weights mostly 10c lower than rnrlv Thursday, slow at dectine: few opening sales 160-250 lbs . $4.15: scattered 260-300-lb kinds. $4: Pigs. $3.50. Cattle-Re-ceipts 75: stcadv to weak: few light Steers’ *4.25: grade low- common: others held around *4 75; low cutter to common row s *150% 2.75; desirable sausage bulls. •V,,'3 25- butcher kinds at $3.50. Calves Receipts. 150 steady; vealers largely <5 50 down: s-attering upwards to st>: cull to medium. $3%5. Sheet) —-Receipts 500; iambs steady to strong: double choice, 92 tbs wooled skins. $6 few clippers. *5 2'" grading only near choice. Bn Times Special LOUISVILLE. March 31 -Cattle—Receipts 100: slow, mostly steady; bulk common and medium steers and hellers $3 50% 4 50' good lightweights, considered eligible around $3 50: bulk beef cows. *050%.V low cutters and cutters. $125'% 225 bulls, mostly $3 down; run includes fibe’al supply stock calves: nothing done on these Calves. S3 50. including around 050 stock calves; vealers mostly s*ady with sorting lc - s strict; mostlv $4 down to around *1 50 depending on quality; strmtly choice vea’ers considered eligible *4 50 Hoes —Receipts. 500; 5c hiane-; 175-218 lbs . S3 95: 245-295 lbs *3 70: 309 lbs. up *3 30 135-170 lbs . $3 40 130 lbs dow 1. *2.75; sows. $2 60. stags. < 65 gb fr) —Rrreints. 25: sunnlv aimo-t '•ghC jb!-: market ouo’abie stcadv. medium to per>4 e’- 1 -TOP 1"""' - S S?lh’e "• *0: c " ■ n;io"'rs v se't s'fi’ble- . *t 50' * 2 *O. '’eretr.t-—S'atile. 61; calves. 187. hogs. 435. and sheep. 22. Shipments--230 calves and 106 hogs.

New York Stocks — “i Bv Thomson A McKinnon i - ” -

—March 31— Railroad*— Prev. High. Low Close, close Atchison 42% 39% 39% 42% Atl Coast Line. 21 19% 19% 21 % Balt i Ohio ... 10 9% 9% 10 Chesa Ai Ohio 28% 27% 27% 2.% Chesa Coro 18% 17 17% 17% Can Pac 7% 7% 7% 7% Chi Grt West.. . ... 1% ... Chi N West.... 3% 33% 3% C R I Ac P .. 2% 2% Dr! LA W .21% 19% 20 21% Del Ac Hudson .. 53 47% 49 52% Erie .. 4% F.rie Ist pfd 5 4% 4% 5% Great Northern 7% 7 7% 8 Illinois Central. 13 11% 11% 12% LOU A- Nash . 29% 27% 28', 29% M K Ac T ...... 7% 7% 7% 7% Mo Pacific 2', 1% 1% 2% Mo Pacific pfd.. 2% 1% 1% 2% N Y Central .. 19 16% 16% 18% Nickel Plate ... . . . 2% N Y N H H . 14 11% 12% 14 Nor Pacific 13% 12% 12% 13% Norfolk Ac West . .. 113 O A W . . 9% 8% 8% 9% Pennsylvania 17% 18% 16% 17% Reading .. . 26 ... 50 Pacific .. . 15% 13% 14 15% Southern Ry ... 6% 6 6 6' 2 51 Paul . . . 1% St Paul pfd 2 1% 1% 2 St L ft 8 r . 1 Union Pacific .. 71% 66% 67% 70% W' Maryland . .. 5% , 5% 5% ... W'est Pacific ... 1% ... Equipment*— Am Car A Fdy., 8% 8 8 8 Am Locomotive.. .. ... 7% 7% Am Steel Fd ... 6% 6% Am Air Brake S 11% 11% 11% Gen Am Tank.. 19 18 18 s * 18% General Elec 13 12% 12% 12% Gen Rv Signal . . 18% 13 18 17% luma Loco ... 13% Poor A Cos ... 2 Press Stl Car % Pullman 23% 22 % 22% 23% Westlngh Airb. .. 15% 15% 15% 15'f Westingh Elec.. 24% 22% 23% 24 Rubbers— Firestone ... .. 9% Goodrich . . 4% Goodyear 14% 13% 13% 14% Lep Rubber . 4% 5% U S Rubber 3% 3% 3% 3% Motors — Auburn 32% 32 32% 32% Chrysler 9% 8% 8% 9% General Motors.. 11% 11% 11% 11% Oraham-Paige .. 1% 1% 1% 1% Cerro de Pasco 9 8% 8% S% Dome Mines ... 13% 12% 12% 13% Freeport Texas. 21% 21 21 21 Granby Corp .... ... 4 Great Nor Ore.. 5% 5% 5% 5% Howe. Sound ... 8% 8% 8% Int Nickel 8% 7% 8 8% Inspiration ... 2% 2% Is! Crk Coal 15 Kennecott Cop. 9% 8% 8% 9 Miami Copper. .. ... 2% 2% Noranda ... ... 19 Texas Gul Sul.. 18 17 17 18% U S Smelt 22 21% 21*% 21% Oils— Amerada ... 21% 21% Atl Refining ... 15% 14% 14% 15% Barnsdall 3% 3% 3% 3% Houston ... 2% 2% Sbd Oil 17% 18% Mid Conti .. .. 4% 4% 4% ... Ohio Oil 5% 5% 5% 5% Phillips 5% 5% 5% 5% Pure Oil 3% 3 * Royal Dutch ... 18% 18% 18% 18% Shell Un 4% 4 Simms Pt . 5% Hudson 3% 3% 3% 3% Mack 20% 19% 19% ... Marmon ... % % Nash 13% 12% 12% 13% Reo ... 1% 1% Packard 2 l l * 1% 2 Studebaker 2 1% 1% 1% Yellow Truck 2% 2% Motor Access— Bendix Avation.. 8% 7% 7% 8% Borg Warner .... 8 7% 7% 7% Briggs 3 Bund Whppl ... 1 % ... Eaton ... 4% 4% El Auto Lite .... 11% 11% 11% 11% El Storage B. .. 24% 24% 24% 24% Hayes Body Motor Wheel ... 2 2 Murray Body ... 1% 1% Sparks-W % Stewart Warner. 2% 2% 2% . . Timkin Roll ... 15% 15 15 15% Mining Am Smelt 15% 14% 14% 14% Am Zinc ... 3% Anaconda Cop .. 6% 6% 6% 6% Alaska Jun .... 14% 13% 14% 14% Cal A Hecla ... 2% 2 2 Cons Oil 5% .5% 5% 5% Skellv ... 3% 3% Standard of Cal 22% 21% 21% 23% Standard of N J 2574 25% 25% 25% Soc Vac 6% 6% 6% 6% Texas Cos 12% 12 12 12% Union Oil 10% 10 10% 10% Steels— Am Roll Mills.. 7% 7% 7% 7% Bethlehem 13% 13 13 13% Byers A M 10% 10'% 10 Vi 10% Colo Fuel 4% 4 4 4 1 2 Cruc Steel 9 Ludlum ... 4 1 2 4% McKeesport Tin 50 % 49 49% 50% Midland . ... 4% 4% Rcnub I A5.... 5% s'* 5 % 5% U S Steel 29 26% 27% 28% Vanadium 10% 10% 10% 10% Youngst, SAW ... 3% YoungstSAT.. 9% 9% 9Vi 9% Tobaccos— Am Sumatra.... 7% 7Vi 7% 7% Am Tob (A1 new 57 56 56 56 Am Tob iBl new 61% 58% 59% 59'2 Con Cigars 4 Lig A Mvers B 58% 56% 56% 57% Lorillard 13 12% 12% 12% Reynolds Tob... 30% 29% 29% 30% Utilities— Adams Exp .... 4% 3% 3% 4% Am For Pwr ... 4'% 4% 4% 4% Am Pwr A Li. . 4% 4 4 4% A T A T 91% 87 % 88’ 2 90% Col Gas A E 1... 10% 9 9% 10% Com A Sou 1% 1% 1% 1% Cons Gas . ... 43% 40% 40% 43% El Pwr A Li... 3% 3% 3% 3% Gen Gas A .. % % Tnt 1 TAT. ... 5% 5% 5% 5% Lou Gas A El.. 15 14% 14% 15% Natl Pwr A L... 7% 7 7 7% No Amer Cos. .. 17% 16% 16% 17% Pac Gas AEI . . 22% 20% 20% 23% Pub Ser N J . . . 36 34 34 36% So Cal Edison... 18% 18 18 13% I Etd Oft E 1... 6' 2 5% 5% 6% United Corp .... 5% 4% 5 5% Un Gas Imp .. 14% 14 14'4 14% Ut Pwr ALA. 2'a 2 2 2'a West Union 19' 2 17% 18' a 19 Shipping— Am Inti Corp... 6% 5% 53, 6% N Y Ship 5% 5% 51, 5% United Fruit ... 34 31 1 2 32% 32% Foods— Am Eug 36Vi 34 34% 35% Armour A . . l*. i?. Cal Pkg 11' 4 10 10 * 10% Can Dry 10 9% 9% 10' 4 Childs Cos 1% i>, 1% .. U Coca Cola 83% 82% 82 1 2 83% Cont Baking <Ai. 3% 33 3% Corn Prod 55 53% 54 53% Cnn Wheat 26% 26V, 26% 27 Cudahy Pkg .. # 25 Cuban Am Sugar 4 3% '3% 3% Gen Foods 25% 24 % 25 25 Grand Union ... 3% Hershey ... .. '33 Jewel Tea ’25 25 % Kroger 17% 17% 17% 17% Nat Biscuit .... 35% 35 35 35'. Natl Dairy 13% 12-% 12% 13 Purity Bak 7% 7% 7% 7% Pillsbur.v 12% Safeway St 32% 3i% 31% 32% Std Brands 16% 16 16% 16% Drugs— Coty Inc ... 2% 2% Drug Inc 30 29% 29% 30 Lambert Cos .. . 26 25% 25% 25 1 • Lehn A Fink 17% 17% Industrials— Am Radiator.... 6% 6% 6% 6% Bush Term 2% 2 2% 2% Certainteed 1% ... Gen Asphalt 5% Otis Elev 11% 11% 11% 12 Ulen ... ... 4 Indus Chems— Air Red 57% 54% 55% ' 57% Allied Chem 77% 75 75% 76% Com Solv 13% 12% 12% 12% Dupont 35 33% 34 34% Union Carb 23% 22% 22% 23 U S Ind Alco. .. . 22% 19% 20% 21% Retail Stores— Assoc Drv Gds.. .. ... 4% 4% Gimbel Bros .. ... 1% Kresge S S .... 6S 6 6 6% Mav D Store 12 12 Mont Ward . 13% 12% 12% 13 Penny J C 22% 21% 27% 22% Scars Roe . 17% 15% 16% 17% Woolworth 27% 27 27% 27% Amusements — Bruns Balke 4% 4% Croslev Radio... .. 2% ... Eastman Kod . 54% 52% 52% 54% Fox Film A .... 1 % 1 % Grigsby Gru % % Loews Inc 10% 9% 9% 10% Param Fam ... ... % Radio Corp .. 4% 3% 3% 4 R-X-O 1% 1% Warner Bros ... 1% 1% 1% 1% Miscellaneous— Airway App ... % ... Citv Ice A Fu.. ... ... 9% Congoleum 7% 7% 7% 8 Prrc A Gain... 24% 24 24 24% Allis Chal 7% 7% Am Can 56% 54% 54% 55% J I Case 46% 43% 43% 45 Cont Can . ~ . 42 40% 41 41% Curtiss Wr 1% 1% 1% 1 % Gillette S R 14% 13% 13% 14% Gold Dust 14 13 13 13% Int Herv 23% 21% 21% 22% Int Bus M .88 87 87 88 Un Arcft 21% 19% 19% 20% Trans-America 4% 4% 4% 4% Owens Glass . 43'.- 41 41% 43% New York Curb 'By Thomson A McKinnon) March 31Close Close Alum Cos of Am 41 Humble Oil .. 40% Am Cvnamid .. 5 Imp Oil of Can 6% Am Gas A El.. 18% Int Pete 9% Am Lt A Trac 13% Mead Johnson 46 Am Super Pwr.. 2% Nat Bellas Hess 1% 1 Ark Gas 1A > 1% Nat Inves 1% 1 Asso G A Elec 1% Nat Aviation... 5% I Cent Sts Elec.. 1% Newmont Min . 15% Cities Service 2% Nia Hud Pwr 8% Cons Gos Balt 45 Penroad 1% Cord 5% St Regis Paper 1% Deere A Cos 9%. Se! Indus . .. % ' E Bond A Share 11% Std of Ind 19 Gen Aviation 4% Sid of Ohio 16% j Fird of Can .. 5 Stutz 9%! Ford of Eng 2% Trans Air Trans 3% j Ford of France 3 Unit'd o mew 1% ’ Goldman Great AA P 136 Tin Vrde 2 Gulf Oil 27L Tit Pwr % . Hudson Bsv 3%Tjn Fndrs 1 j CHICAGO FRUIT MARKET (>*■ / p,, ss CHICAu-O. March 31 *pn'es Illinois W)"ow X wigs bushel $1.104>1 25; Winesans bushel, "$1.35; Michigan Starks bushel. $1 25.

PORKERS GAIN 5 TOIO CENTS IN FIRM TRADE Slaughter Classes Little Changed in Cattle Mart; Sheep Dull. Good demand sent hoes up 4 to 10 cents at the city vards on Friday. 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. Sheep receipts were 1,000; market unchanged. • HOGS Mar. Bulk. Top. Receipts. 24. $4,004; 4.10 $4.15 6.000 25. 4.0001! 4.10 4.10 1,500 27. 3.9504 4.00 4.00 5,000 28. 3.80® 3.90 3.95 7.000 29. 3.9000 4.00 4.05 5 000 30. 3.900/ 4.00 4.00 6.000 31. 3.90 04 4.0 5 4.0 5 5,000 Market, higher. (140-160) Good and choice..,.? 3.80® 3.90 —Light Weights—-(l6O-1801 Good and choice.... 4.05 (180-200) Good and choice. 4.05 —Medium Weights—-(2oo-220i Good and choice. .. 405 (220-250) Good and choice.... 4.00® 4.05 Heavy Weights—-(2so-2901 Good and choice.... 3.90® 3.95 (290-350i Good and choice.... 3.80® 3.90 —Packing Sows—(3so down) Good 3 25® 3.50 1350 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. (sso-1,1001-Good and choice $ 5.25® 6.75 Common and medium 3.50® 5.25 (1.100-1,5001-Good and choice 4.25® ...50 Medium 3.50® 4.50 —Heifers—--1550-750) Good and choice 4.75® 6.00 Common and medium 3.25® 4.75 (750-900) 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 excludedi Good (beefi 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—(so lbs down i Good and choice.ss.so® 5.85 (90-110 lbs.i 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. lO.oou; including 2,500 direct; mostly s®loc higher than Tnursday; packing sows strong; 170-350 lbs.. $3.([email protected]; top, $4.10; light lights. $3.05®4; pigs. $3.2a®3.65; packing sows. $3.40® 3.60; ng.it lights, 140100 lbs., good and choice, $3.65®4; lightweights, 100-200 lbs., good and choice. $3.90 ®4.05; medium weights. 200-250 lbs., good and choice, $3.90®4.10; heavyweights. 250350 lbs., good and cnoice, 53.75®3.95; packing sows, 275-550 lbs., medium and good. $3.25®3.b5; slaughter pigs. 100-130 lbs., good and choice. $3.255/3.65. 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. $45/5; nothing strictly choice here; slaughter cattle and vealers: Steers. 550-900 lbs., good and choice. $5,255/ 7: 9001,100 lbs., good and choice. $5,255/7; 1,1001.300 lbs. good and choice. $4,755/ 7; 1,3001.500 lbs., good and choice. $4,255/6.25: 5501.300 lbs., common and medium, $3.75® 5.25: heifers, 550-750 lbs., good and choice. $4.75®6; common and medium, $3,505/4.75: cows. good. 53.255/ 3.75; common and medium. $2,505/3.25; low cutter and cutter cows, $1,755/2.50; bulls, yearlings excluded, beef, $2,755/3.25; cutters, common and medium, $2,605/3.25; vealers. good and choice, *45-5.50: medium. $3,505/4: cull and commcn. $35/ 3.50: Stocker and feeder cattle: Steers. 500-1.050 lbs., good and choice. $4.50 5/6: common and medium. $2,755/4.50. Sheep—Receipts, 11.000: market slowed up by higher asking prices; few sales around setady; good to choice lambs. $5,254/5.50; holding best above $5.65; choice 102-lb. Colorado*. $5.10; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $5,154/5.75; common and medium. $45/5.25; 90-93 lbs., good and choice. $54/ 5.65; 98-110 lbs., good and choice. $4,754/ 3 25; ewes. 90-150 lbs., good and choice. $2 5/3: all weights, common and medium. $1 254/2.50. 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. S2; calves. $5,504/6; lambs, $5.50. Cattle— Market, steers, good to choice. $5®5.50; medium to good. $4,505/5; common to medium. $34/4; heifers, good to choice. $4.50® 5; medium to good. $44/4.50; common to medium, s3®4; cows, good to choice. $3 4/3.50: medium to good. $2.50®3: cutter cows, $1.75® 2.25: canner cows. sl4/1.50: bulls good to choice. $3®3.25; medium to good, 52.504/3: common to medium, s2® 2.50: butcher bulls, 53.25®3.75. EAST BUFFALO. March 31 —Hogs—On sale. 2,700; very active to all interests; steady to slightly over Thursday's average: desirable 160 to 230 ibs.. $4.25 to mainly *4 30: 250 lbs.. 54.15 280 to 340 lbs., and weights below 140 lbs.. $3,754/4 Cattle—Receipts, 125: nothing done on steers and heifers: cows active, firm; cutter grades. $1.60® 2.25. Calves—Receipts. 650: vealers fairly active; steady at week's decline; medium and lower grades draggy; good to choice. $5.50476: common and medium, *3.50® 4. Sheep—Receipts, 1.500: lamb trade fairly active: fully steady; good to choice woolskins. 90 lbs., down, leniently sorted. 55.75®6: largely $5,904/ 6; few shorn lambs. $5.25. PITTSBURGH. March 31.—Hogs—Receipts 1.000: market steady; 160-220 lbs., $4,254/4.35; 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 quoted *4.50®5.65: common to medium heifers. 53.50®4.75: common to good cows. *2.50® 3.50: bulls. S2 50® 3.50 Calves—Receipts. 150: market slow, steady to lower: good to choice vealers. $4.50®6plainer grade. s2® 4. Sheep—Receipts 500market iambs, steady to strong: better grade clipped lambs. *5®5.25: wool lambs up to *6; choice spring lambs quoted around SB. EAST ST LOUIS. March 31.—Hogs—Receipts. 5.500: market. 10'" 15c higher: top *4: most 150-230 lbs . *3 85® 4: 140-150 lbs.. <3 so '• 3.80 : 100-130 lbs. S3® 340; sows. S3 15® 3.35. Cattle—Receipts, 600: calves. J 00: market, about steady in clean-up trade: nominal range "laughter steers. $3 50476.50: slaughter heifers $3.50® 5.50: not enough steers on sale to warrant mentioning: mixed yearlings and heifers *4® 5: cows. $2.50473 25: low cutters. $1,254/ 175 sausage bulls 52.25®2 75: good and choice venler' $5 50. Slaughter classes— Steers. 550-1.100 lbs . ood ”and choice sr 75 50: common and medium. $3.50® 5: ' ’OO-1 s n O lbs. choice *5®6.50; good. $4 25 ®6: medium. $447 5. Sheep—Receipts 750: or-ket oren“d stead" to city butchers: d-sivoV. dinned lambs $5.50 with ineieafirrs st"adv on others

Daily Price Index

ft;i l iiitiii I’rr x* NEW YORK. March 31.—Dun & Bradstreet’s dally weighted price index of thirty basic commodities, compiled for the United Press: Today 71.80 Thursday. 71.71 Week Ago 72 09 Year ago 77.59 1939 High 'March 15> 72 82 1933 Low (January 20) 67.86 Copyright. 1933, by Dun & Bradstreet Inc.

THE INDTANAPOLIS TIMES

Labor’s Buying Power Off 50 Per Cent From 1929

Combination of Reduced Wages, Shorter Hours Cited. By Times Spccinl NEW YORK, April I.—America’s industrial population has lost more than half of the purchasing power it possessed in 1929, the National Industrial Conference Board declared Friday. Basing computation on average reduction in wage scales, shortening of weekly work time, decline in employment and rise in the buying power of the dollar because of failing 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. Wages 33.4 Ter 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-lialf it is small wonder that efforts to increase industry activity meet with little encouragement.” Buying Power Needed 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

Brokers 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 York Curb Exchange seat showed a decrease of $10,500 from previous sale of $24,500.

In the Cotton Markets

CHICAGO —March 31High Low Close January 7.00 6.85 6.87 March 7 02 May 6.38 6.25 6.30 July 6.56 6.43 6.45 October 6.78 • 6.64 6.65 December 6.90 6.73 6.79 NEW YORK January 6.90 6.78 6.81 March 7.07 6.90 6.94 May 6.34 6.21 6.24 July 6 52 6.35 6.40 October 6.72 6.57 6 60 December 6.85 6.70 6.74 NEW ORLEANS January 6.78 March 6.90 May 6.30 6 19 6.26 July 6.47 6.36 6.41 October 6.67 6.56 6.60 December 6.81 6.71 6.72 NEW YORK RAW FUTURES March 31— High. Low. Close. January 1.19 1.16 1.18 March 1.21 1.19 1.21 Mav 1.06 1.05 1.06 July 1.12 1.08 1.11 September 1.15 1.13 1.15 December 1.19 1.16 1.19

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INDIANAPOLIS WEEKLY LIVESTOCK REVIEW

FOR WEEK ENDING THURSDAY. MARCH 30 By U. S. Dent, of Asriculture —Cattle— The local cattle market orobablv was affected more ov an excessive supply on Tuesdat than any other tactor. aunougn the lour-aav total at Indianapolis ar.a eisewhere was somewhat in favor of the ouvine side. Monday's trade was deoenaable and all classes represented sold fully steady but Tuesday’s run of 1.990 head met considerable resistance and only a lew classes held steady. Asa rule beef steers sold 25c lower, heifers almost as much, and 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 ragged, some deals reflecting urgent orders while others indicated a lack of interests, but in general the price trend unmistakably was lower, excepting a few s*n?ll iots exactly suited to buyers 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 from $4.50 4/5. There was some showing at $5.50 and two or more loads cashed at $5.75. 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® 525 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 $2,504/ 3.25 with only a very few sales up to $3.50. and low cutters and cutters remained within the recent spread Os *1.504/2.25. Vealers broke a dollar since last Friday under the influence of Lenten conditions and increased marketings locally and in the aggregate. At the close of last week good and choice handyweighta 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 $5®5.50 basis with common and medium grades from [email protected]. —Hogs— Although the hog market was without spectacular features there was a downward slant in the price level. The loss since last Friday amounts to only 10c and the too varied little from the coveted $4 mark. Salesmen made earnest attempts to offset the adverse influence of increased marketings and 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 Quarter to justify the hoped for advance in live day offering went into that channel. The scheduled top 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 was paid on most da vs 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 $3.65473.85: 130 to 160 pounds, $3,604/3.90 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 with the daily price changes in force. Packing sows sold in an extreme range of $2,754( 3.50. mostly [email protected]. —Sheep— The slump in local marketing this week in contrast with a twelve market increase may be attributed in part to the “inbetween” period. Apparently the movement of wooled 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(3)6, with $5.65 and $5.15 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. Heavy lambs in choice condition cashed from $5®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. MORMONS PROTEST BRIGHAM YOUNG PLAY Apostle Depicted in Sexy Light, Claim Elders of Church. By T'nitcd Press OMAHA, Neb., April I.—Elders of the Mormon church in Salt Lake City have protested presentation of “Brigham Young,” sexy and controversial three-act play scheduled to open April 3 at the community playhouse here. Elders of the Church of Latter Day Saints were furnished a script of the play by its authors, Bernard Szold, playhouse director, and Professor John McGee of Purdue university. Although the nature of the Mormon objections to the play were not divulged by directors of the Omaha community playhouse, it was understood the communication suggested many changes in the script. Those who have seen the play In rehearsal or have read the script say the apostle of Mormonism is depicted in an unfavorable light.

FEDERAL BANK RESERVES SHOW GOODJNGREASE Currency Demand Lessens as Gold Stocks Pile Up. By l nited Press WASHINGTON. April I.—Further strengthening of the banking structure of the country was indicated Friday 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 was $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 4Vi lbs., 10c: Leghorns, 4c; large springers and stags, V/2 lbs. up, leghorns and black and Leghorn stags. 1% lbs. un. 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 5o lbs. gross; a deduction of 10c per lb for each pound under 55 lbs. gross will be J?! a(3e -^ Butterfat 12c = No - 1 butter. 20® 21c. These nrices for healthy stock free „ on J feed; no sick poultry accepted. Quoted bv the Wadlev Comnanv. BY r UNITED TRESS CHICAGO, March 31.—Eggs—Market, steady to firm, prices unchanged; receipts 26,996 cases; extra firsts, 12®12%c----firsts 11%® 12c; current receipts, llc : dirties, 10c. Butter—Market, unsettled’ prices unchanged to %c lower; receipts 9,792 tubs: specials, 18®18%c; extras %%c; extra firsts, 17Vc; firsts, 17c; standards. 17%c. Poultry—Market, steady; receipts, 10 trucks; fowls, 12%® 15c; sprin,rer*- 14')/16c; Leghorns, ll%c; ducks. 11% ®l4%c; geese. 9® lie; turkeys. 10® 15croosters, 10c; broilers, 20®21c; stags, 12c’. Twins, 10® 10 Uc; longhorns, 10% ®lo%c Potatoes—On track 335; arrivals, 147; shipments, 897; market, dull- Wisf consin racked Round Whites. 75®77%cIdaho sacked Russets. $1.25® 1.30. CINCINNATI. March 31.—Butter—PackL n J,, s }Z c } No. 2. 13c: No. 3. lie; butterfat delivered, lac. Eggs—Steady; (cases includedi; extra firsts, ll%c: seconds. 9%c----nearby ungraded. 10%c; duck eggs 14c : shipping order. 15c; goose ees 60c ’ l ive poultrv—(Following Quotations represent nrices for poultry in good healthy condition. Thin and coarse stock sells onlv at heavy discount!. Fowls. 5 lbs., and over 13c. 4 lbs., and over. 13c: 3 lbs. and over 13c: Leghorns. 3 lbs. and over. ll%c : roosters. 7c: stags. 10c: colored broilers JJH- ,£ nd °" er ' 21 %. 1 '■'= lbs - and over! -lc 2 lbs. and oier. 21c: Leghorn broilers 1 lbs. and over. 19c; 1% lbs. and over. 19cducks, 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: turkeys. No. 1. 15c; No l’ voung Toms, over 15 ibs.. 12c; No. I.'old Toms. 10c. NEW YORK. March 31.—Potatoes— Steadv; Long Island. 60c® $2.40 barrelSouthern. $2,501/ 4.25 barrel: Maine. *l®2 barrel's: Idaho. $1,257/ 1.85 sack: Bermuda $37/8 barrel; Canada. $1,757/ 1,85 barrel. Sweet potatoes—Weak; Jeisev basket. 40c ® 1.6d: Southern barrel. sl.2s® 1 50Southern basket. 40c® 51.20. Flour—Quiet : springs, patents. $3,957/ 4.20 sack. Pork—! Quiet; mess. $17.25 barrel. Lard—Dullmiadle west spot. $4,457/ 4.55 100 lbs. Pe-troleum-Dull; New York refined 17ccrude Pennsylvania. 97c® $1.47 barrel Grease—Quiet; brown. 2%7/2'iolb.; yellow 2%7/2'iC lb.: white. 2%7/2%c lb. Tallow —Quiet; special to extra. 2%7/2%c lb. Common hides—Dull. Hides—City packer du 1; native_steers. 6c: butt brands. 5 >c: Colorados. 5%c. Dressed poultrv—Firmturkevs. 127/ 22c; chickens. 13® 21c: broilers. 15® 27c; canons. 147/25c; fowls. 8® 17c: ducks. 8® 12c: Long Island ducks. 13 7/14%c. Live poultrv—lrregular: geese. 7® 12c: turkeys. 187r.25c: roosters. 9c: ducks. 127/ 17c: fowls. 14®. 16c: chickens. 11® 24c; canons. 18®.26c: broilers. 13® 25c. Cheese—Quiet: state whole milk fancy to specials. J6®. 18c: voung America. 12c. Butter—Market, steadv: creamery, higher than extras. 17%18%c: extra 92 score. 17%c: firsts. 90 to 91 score. 17%c Eggs—Market, steadv: special packs, including unusual hennery selections. 14%®15%c: standards. 14®14Uc: firsts. 13®13%c; seconds. 12%® 12%c. CLEVELAND. March 31.—8 u ter —Market, unsettled: extras. 21 %c: standards. 21 %c. Eggs—Market, steady; extras. 21%c; current receipts. ll%c. Poultrv—Market, steadv: heavy fowls. 15c; Leghorn fowls. 127" i3c: medium fowls. 157/16c; heavv springers. 13® 14c; Leghorn springers, 127/ 13c; No. 2 chickens. 8c: ducks. 10® 12c: ceese. 10c: turkevs under 15 lbs.. 13'ii 16c: turkevs o'-er. 15 lbs . 13c: old Toms. llr ,2c: old roosters. 87/9c: stags, lie: broilers 15® 18c: capons. 17® 18c. Potatoes— Ohio. New York and Pennsylvania. 100-lb. sacks. Coboblers and Round Whites. United States No. 1 and partly graded. 857/90c: New York. Ohio and Pennsylvania sacks j a bushel. Cobblers and Round Whites. ! partly eraded. 50® 55c.

CHICAGO STOCKS

(By Abbott, Hoppin <fe Co.I —March 31— ... ... High. Low. Close. Asbestos Mfg 2U BendiX Aviation 8H 8 8 Borg-Warner 8 7'g 7’ Cent II! Securities pfd 5 Cent Pub Serv Class A ' Cent & So West i>* Chicago Corp com l' 1 1 Chicago Corp pfd ... 13U Cities Service 2> 2' 2U Commonwealth Edison.. 55 51 51' 2 Cord Corp 59 5 5 I U 6s 1940 ... i 2 Libby-McNeil P Lynch Corn 11 * 2 Marshall Field s’* Middle West Utilities... V 4 '■ ! i Public Service N P ... 27 Swift & Cos 9 8 5 * 8 5 s Swift Internacional . 15 ! 2 15> W l . U S Gvpsym com ...! 21 U Utility & ind pfd 2 Vortex Cup Cos .'.. 6 Zenith Radio .* .* *2

HEADS OIL PARLEY

t ■.

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 and needed adjustments of the industry are on the program for consideration of the convention.

INDIANA STOCKS AND BONDS

The following quotations do not irpresent 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% Be; Ran & Stock Yds pid o% u 4u central Ind Rower pid /% 8 11 Citizens Gas com ....! 14 17 Citizens Gas co pid 5% 63 68 Home T & T Ft Wayne pfd 7% 39 43 Ind & Mich Elec Cos pfu 7%.’. 72 77 Ind uen Service Cos pid 6%.. 70 "i Ind Hydro Elec Cos pid 7%... 30 35 Inapis Gas Cos com 42 47 Home T & T Ft Wavne pfd 7% 34 39 rnapis Power &LtCo md 6' r . 48 53 Indpls Water Cos pfd 5%... 90 ys Inapis Pwr & Lt Cos pfd 6%.. 52 56 No Ind Publ Ser Cos pid 5%%.. 21% 25% No Ind Pub Serv Cos pfd b', .. 28% 32% North Ind Pub Serv Cos pfd 7% 30 35 Public Service Cos pfd b',.... 21% 24% Public Service Cos pfd 7%.... 39% 43% South Ind Gas & El Cos pfd 6% 55 60 Terre Haute Elec pfd 6'% .... 45 50 BONDS Citizens Gas Cos 5s 1942 82 87 Home T & T Ft W 5%s 1955.. 95 98 Home TftT Ft W fas 1943... Hti % 99 % Inapls Gas Cos os 1952 74 79 Indpls Rys Inc 5s 1967 21% 25 Indpls Water Cos 4%s 1940 .... 96 100 Indpls Water Cos 5s 1960 88 92 Indpls Water Cos 5s 1970 88 92 Indpls Water Cos 5%s 1953.... 96 100 Indpls Water Cos 5%s 1954.... 96 100 Kokomo Water Works 5s 1958 76 80 Lafayette Tel Cos 5s 1957.... 81 85 , Muncie W'ater Works 5s 1939.. S3 97 Richmond Water Works 5s 1957 82 86 Terre Haute Water Wk 5s 1956 82 86 Terre Haute Wat Wrk 6s 1949 91 95 Traction Terminal Cos 5s 1957.. 37 41

Joint Stock Land Banks

Bid. Ask. Atlanta 5% 27 1 * 30% Atlantic sr/o5 r /o 41 44 Burlington s'„ 25 27 California 5% 49 52 •Chicago 5% 19 21 Dallas 6% 43 46 Denver s'r 43 46 Des Moines 5% 38 42 First Carolina 5% 27% 32% First Ft Wayne 5% 43 47 First Montgomery sf)5 f ) 30 33 First New Orleans 5% 29 32 First Texas 5% 40 43 First Tr Chicago 5% 42 46 Fletcher b'o 61 64.. Fremont 5% 35 37 Greenbrier s'r 56 59 Greensboro 5% 38 40 Illinois Monticello 5% 50 55 Illinois-Midwest 5% 37 40% Indianapolis 5% 70 75 lowa s'r 47 50 Kentucky 5% 52% 55% Lafavette 5% 41 45 Lincoln 5% 40 44 Louisvile 5% 48% 51% Marvland-Virginia 50 55 New York 57;, 41 43 Mississippi s 'l 38 42 North Carolina srr5 r r 28 31 Oregon-Washington 5% 31 33 Pacific Portland 5’V 40 43 Pacific Salt Lake 5% 40 43 Pacific San Francisco s' 40 43 Pennsylvania sr'a5 r ' a 50 53 Phoenix 5% 61 63% Potomac 5% 41 % 45% •St Louis 5% 14% 16%, San Antonio s'r 47 50 •Southern Minnesota 5% 11% 13 Southwest 5% 33 36 Tennessee s'r ■ 38 42 Union Detroit s'', 38 42 Union Louisville s''„ 50 53 Virginia Carolina 5% 38 42 Virginian 5% 47 50 •Fiat.

Investment Trust Shares

By Abbott, Hoppin & Cos, —March 31— . , Bid. Ask. American Bank Stocks Corp... 1.00 120 American Pounders Corp 75 1.25 American & General Sec. "A" 3 00 6 00 Basic Industry shares 1 g 6 British Type Inv. Tr. Sh. 46 - 52 Collateral Trustee Shares ••A” 3 00 3 37 Corporate Trust shares loldi 1.45 Corporate Trust Shares mew 1 1 46 1 60 Cumulative Trust Shares... .2 45 Diversified Trust Shares "A". 6.00 6 50 Diversified Trust Shares "B", 4 25 450 Diversified Trust Shares ‘C”. 1 00 10h Diversified Trust Shares “D". 3 12 337 First Insurance Stock Corp .. 1.75 205 First Common Stock Corp ... 115 135 Fixed Trust Oil Shares "A”.. 5.35 I Fixed Trust Oil Shares "E".. 422 Fundamental Trust Shares "A” 2 45 2 55 Fundamental Trust Shares ' B" 2 40 2 50 Leaders of Industry “A” 1.87 2 12 Low Priced Shares 2.25 Mass Invrs Trust shares 12.50 13 87 Nation Wide Securities 2 14 North Amer. Tr. Shares > 1953. 126 North Am. Tr. Shares 155-561 1 55 1.75 Selected American Shares.. . 1 61 Selected Cumulative Shares. . 4.50 487 Selected Income Shares 233 240 Std. Amer. Trust Shares 2.25 235 Super Amer. Trust Shares “A” 2 20 Trust Shares of America 2 02 2 08 Trustee S'd. Oil “A" 287 Trustee Std Oil “B” 250 237 IT S. Slec. Lt. i, Power "A"..11 25 Universal Trust Shares 1.90 1.96 B ; rths Bovs William and Thelma Knight, 1340 Pruitt. H. B. and Ruth Harris 4005 East Thir-tv-nrst. Charles and Bertha Wagner. 2127 Arsenal. Edward and lola Saters. 515 South Senate. Lucian and Carrie Hunt. 647 Indiana. Howard and Rose Galbraith. 1332 Blaine. Benjamin and Gertrude W’atson 2122 Napoleon. Raraond and Larfiet Hartinez. 622 East Allegheny. Wilfred and Stella Rackemann. 821 Union. Hurley and Hester Crist. 1220 North Centennial. Edward and Pauline Hueeler. 2174 Rilev Richard and Mary Like. 2238 Beilefontame. Porter and Ruth Corbin. Christian hospital. Girls Earl and Marv Miller 1227 West Nineteenth. James and Eunice Miller 1710 Linden George and Anna Rush. 2233 Miller William and Edna Strang. 409 Sixteenth Diace. Homer and Inamde Avers. 2184 South Delaware. Vinton and Wniona Davis. 2409 Station Orville and Maudie Pitcock. 2853 North ! Denny. Wilbur and Enetta Hensiev. 337 Milev. I Harold and Calhe Mvers. 2016 Park. Roy and Beulah DtifTw. Christian hospital. Deaths Cora F McLane. 52 Methodist hospital, carcinoma. Fred W. Maver. 49. St. Vincent's hospital. multiple mveloma Lorine Stofer. 17. Long hospital, lobar pneumonia Marv Catherine Cox. 73. Methodist hospital. pericarditis Josephine Glick. 51. 3531 East Tenth, broncho pneumonia. . Arthur E. Nelson. 53. Methodist hospital, carcinoma. Frank M. Wright. 74 Central Indiana hospital, chronic myocarditis James W. Robinson. 16. St Vincent's hospital, streptococcic meningitis. Mliton Reynolds 18. 265 South Gray, pulmonary tuberculosis. Janie East. 82. citv hospital, arterio- ! sclerosis. Beatrice Hall. 25. 235 West Fourteenth, pulraonarv tuberculosis. Marv Margaret Shell. 8. RUey hospital, i tuberciuoua meningitis.

.’APRIL 1, 7.

BREAK IN RAILS FORCES STOCK ISSUES LOWER Missouri Pacific Petitions to Reorganize Under New Laws.

Average Stock Prices

Average of thirty industrials for Thursday, high 57 17. low 56.10. last 56 49. off 32_ Average of twenty rails 27.05.. 26 51, 26 74 .off 40 Average of twenty utilitie* 20 60. 2017. 20 40 off .01. Average of forty bonds 74 75. off 12. Average of ten first rails. 84 B*. off 09 A’erage ofter 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. WALZER United Pres* Financial Editor NEW YORK, April I.—Stocks dropped 1 to 5 points in last hour selling Friday following petition of Missouri Pacific railroad to reorganize under the recently enacted bankruptcy laws. Missouri Pacific common stock broke to $1.25 a share, off $1 and a new low. The preferred made anew low at 1%. off %. Other railroad shares dropped with these issues. Union Pacific dropped more than 3 points. Delaware fc Hudson nearly 5 and Atchison 3. Traders had anticipated difficulties in the carrier division as the April 1 maturities approached. Missouri Pacific was the first road to seek reorganization under the new bankruptcy law. Many others are expected to follow with a situation in the roads developing somewhat on the order of the bank closings until the troubles are eliminated. Entire List Weaker The whole market crumpled with the carriers. American Telephone made anew low for the year at 87%, off 2% points. Steel common which had fluctuated between 28% and 29 up to the end of the fourth hour, broke to 26% where it was off 1% points. Other utilities followed it down. Leading industrials dropped 1 to 3 points. Farm equipments joined the decline with case selling down to 43%. off 1% points. On the late selling drive, trading picked up sharply. Tickers were unable to keep pace for a time. Just before the close, however, the tape caught up with the market and prices steadied, some of them rising above the lows of the day. German Bonds Break For the first four hours, the market held to an even keel with periods of firmness. A rush of buying in wheat sent that cereal up VA to 1H cents a bushel in the early afternoon. Farm equipments immediately j firmed up and leading industrials made small gains with tehm. Wheat lost part of its gains but closed % to % cent higher for the day. Cotton lost early gains. Silver eased off. The American dollar was strong early in the day, but reacted later. The entire group of German bond3 | broke to new lows at losses ranging from Ito 9 points. Late in the day an apparently unfoundeded report j that the Hitler government would ! call off its embargo plan lifted them | 1 to 2 points from the lowest levels ! of the day.

Bank Clearings

INDIANAPOLIS STATEMENT —March 31— Clearings $ 1.125.000.00 Debits 3.388,000 00 Clearings for month 24.611.000 00 Debits for month 82.716.000 00 TREASURY STATEMENT March 31 Net balance for March 29 ..$506.948 329 60 Expenditures March 29 5.228.358.41 Customs rects., mo. to date 15.969,507.47

Foreign Exchange

(By Abbott. Hoppin <fe Co.l -March 31Close. Sterling. England $3.43 Franc. France 0392 7 . Lira. Italy 0513 Belgos. Belgium .1395 Mark. Germany 2382 Guilder. Holland 4029 Peseta, Spain 0345 Krone. Norway 1756 Krone, Denmark 1530 , New York Bank Stocks > (By Thomson Ac McKinnoni March 31— Bid. Ask. Bankers 50% 54% Central Hanover 108 110 Chase National 20% 21‘i Chemical 31 •/ 32 4 City National 20'2 21% Corn Exchange 46 48 First National 9JO 1020 Guaranty 229 234 Irvine 14% 15% ManhaUen A: Cos 17% 18 2 New York Trust 68 70 Liberty Bonds B’l l nitnl Prrsx NEW YORK. March 31.—Closing Liberty bonds: Liberty 3%5. '47 100 22 Liberty first 4%5. 47 ’ 10127 Liberty fourth 4',s. '3B 10124 Treasury 4%5. '52 107.21 Treasury 4s 54 104 10 Treasury 3*4s. '56 102.29 Treasury 3%. '47 100 17 Treasury 3%5. '43 'March) .... ’ 100 29 Treasury 3%5. '43 iJune) 100 18 Treasury 3%-. '49 98 19 Treasury 3s. '55 96.20 NEW YORK COFFEE FUTURES —March 31— RIO High. Low. Close. £ ui y ••• 5.25 5.15 515 September 5.09 4.99 499 . December 5 00 4.92 4.92 J SANTOS March 7.07 6 95 6 95 May 7 80 7.64 7 64 September 7.25 7 14 7.14 December 7.15 7 05 7 05 "<• Offer anil Iteenmmend National Bellas Hess Common a( Market Listed <>n New York Curb Exchange T. P. Burke & Cos. Incorporated SU;TF. ffi CIRCLE TOWER PHONE Riley 8536

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