Indianapolis Times, Volume 44, Number 282, Indianapolis, Marion County, 5 April 1933 — Page 17

APRIL 5. 1033

STOCK SHARES MAKE GAINS IN LIGHT SESSION All Sections of List Show Effects of Improved Sentiment.

Average Stock Prices

Average of thirty industrials for Tuesday. H.sctwSSfil. low 55 00 las! .Off up .40 Averse* of twenty rails 25.15. 24.1'). 24 55. off 44. Average of twenty o': n ■ 19.55, 10 02. 18 33 unchanged. A vein.forty bonds 73 78. off .36. Average of ten first rails 83 46. off .36. Average of ter. ’ onri ra.ls 57.24, off 42 Average of ten utilitie? 87 35 off .27. Average ofter. industrials 67.96. off 41. By ELMER C . WALZER United Pres* Financial tditor NEW YORK. April 5. Stock’ opened unchanged to a point higher today and ruled firm in the early trading as confidence returned to the financial district. Volume continued small. Trend of the voting on repeal of the 18th arrurndment revived interest m so-called wet stocks and they made small gains in early dealings. Copper-Silver Producing company issues ruled strong under the influence of the forthcoming Woodin conferred on silver. Oils were steady, steels linn, utilities dull and firm. Chemicals up fractions to a point and foods .strong. Allied Chemical opened at 78, up a point, and continued to move higher in the early dealings. American Telephone Telegraph advanced after opening unchanged at 90. U. fi. Steel rose % point to 28’i, while Bethlehem rose % to 13'i. Public Service rose to 34 ; , up 1; Consolidated Gas 41%, up G; Standard Gas fin, up %, and Columbia Gas 9 up ... Railroad issues firmed up with the others, fractional gains being recordcd in Union Pacific. Atchison, C. <fc O. and New York Central. The American dollar was steady to -firm in foreign exchange dealings.

Bank Clearings

INDIANAPOLIS STATEMENT —April 4 Clearings $1,495,000.00 Debits . 3,776,000.00 TREASURY STATEMENT —April 5 Net, balance for April 3 ... .$478.588.328.42 Expenditure . 9.253,805 66 Customs rect: mo to date.. 1,791,615.42

Foreign Exchange

(Bv Abbott. Hoppin ft Co.l —April a — Open. Sterling. England $3.41 11-16 Franc. France 0393 7-16 Lira. Italy ... .0511% Franc. Belgium 1395 Mark. Germany 2373 Guilder. Holland 4039 Peseta Spnli 0846 Krone. Norway 1750 Krone Denmark ... 1525 Yen. Japan 2145 New York Bank Stocks (Bv Abbott, Hoppin ft Cos.) —April 4 Bid. Ask. Bankers 47% 48% Central Hanover . 105 107 Chase National 19% 20% Chemical 30% 31% National City 20 21 Corn Exchange 43 46 First National 975 1,000 Gi arautv .. 200 224 Ir.ing 14% 15% Manhatten ft Cos 17% 18% New York Trust 46 66 Liberty Bonds By * nited J'rt ss NEW YORK. April 4.—Closing Liberty bonds Liberty 3%s ’47 100.21 Liberty Ist 4%s '47 101.24 Liberty 4Ui 4%s 38 101.21 Treasury 4%s 52 107.12 Treasury 4s 54 104.3 Treasury 3%s ’56 102.16 Treasury 3%s 47 1U0.16 Treasury 3'nS 43 March . 100.14 Treasury 3%s '43 June 100.22 Treasury 3:s '49 98.1 Treasury 3s '55 96.4

Investment Trust Shares

(Bv Abbott. Hoppin & Cos.) —April 5 * Bid. Ask. American Bank Stocks Corp.. .90 1.15 American Founders Corp 87 1.25 American & General Sec “A".. 3.00 6.00 Basic Industry Sin.re > 1.90 195 British Type Inv Tr Sh 40 .46 Collateral Trustee Shares “A . 3.00 3.37 Corporate Trust Shares ioldi. 1.42 .... Corporate Trust Shares (new) 1.44 1.47 Cumulative Trust Shares 2.42 2.47 Diversified Trust Shares "A"... 5.87 6 37 Diversified Trust Shares "B".. 4 00 4 50 Diversified Trust Shares “C". 1.87 1.95 Diversified Trust Shares D”. 3.00 350 First Insurance Stock Corp ... 1.75 205 First Common Stock Corp .... 1.15 1.35 Fixed Trust Oil Shares "A”.. 5.35 .... Fixed Trust OH Shares “B'\ .. 4.25 Fundamental Trust Shares "A" 2.50 2.87 Fundamental Trust Shares B ' 2.50 2.62 Leaders of Industry A" 187 2.00 Low Priced Shares _l2 Mass lines Trust Shares .... 12.37 13 75 Nation Wide Securities . 2.07 2.16 North Amer Trust Sh i1953> 1.24 North Amer Trust Sh < 55-561 1.51 1.70 Selected American Shares. .. 1.53 .... Selected Cumulative Shares. 425 435 Selected Income Shares 2.26 2.30 stu Amer Trust Shares 2.20 2.30 Trust Shares of America 200 2.05 Trustee Sid Oil A" 262 287 Trustee Std Oil "B” . . 250 262 TJ S Electric I ight & Power A 10 50 Universal Trust Shares 1 88 1.92

Daily Price Index

By Times Special NEW YORK. April 4 —Dun ft- Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press: 1930-1932 average. 100) Today 72.56 Monday 72.17 Week ago .. 7’..79 Year ago 77 8 1 1933 high (March 16) 72.82 1933 low (Jan. 201 67.86 NEW YORK COFFEE FUTURES —April 4 ’ RIO High. Low. Close Mav 5.42 5.35 5 42 July 5.25 Septemher 5.10 December . 5.04 4.99 5 04 SANTOS March •. 714 705 7.13 Mav 7.85 7.72 7.83 July 7.55 7 44 7 52 September . ... 7.30 7.20 729 December 7.20 7.11 7.19 ★ SINCE 1839 FLETCHER AMERICAN NATIONAL BANK Scutheost Corner cf Market rnd PennsylvonH

ABBOTT, HOPPIN & COMPANY 203 Continental Bank Building * Indianapolis Stocks Bonds Grain MEMBERS: N. w York Stock Exchange New York Curb Exchange Chicago Stock Exchange Chicago Curb Exchange Chicago BoarJ of Trade Co-Managers JAMES T. HAM ILL KENNETH K. WOOLLING Riley 6493

New York Stocks

I Bv Thomson ft McKinnon > —April 5 Railroads— Prev High. Low. 1100. CiOse! Atchison su 39% 39% 39% 1 At i Cos a.st Line i;r k Hit. 4 ft Ohio 9% 9 9 |J 4 C;.' a Ohio. .. 27 26% 26% 2Chesa Corp j 9 Can Pac . . 71. 71, Chi Urt West 11 2 Chi N West ... 33 C R I As P . 2 % L>ei LAs W .... 19% 19 1 a 19‘ 2 la L l '. As Hudson. 46 1 46 46 45% trie 3% tr.e Ist pfd 4: 2 Great Northern 7% 7 7‘ . Illinois Central . 10’ Kan City So 73, 7% Lou ft Nash 28 1 2 28 M K As T ... ... 7 Mo Pacific ... . 184 Mo Pacific pfd. .. ... 1% ... N Y Central ... 16% lb 1 , 16 IS 1 ,, Nickel P.ate 3 NY NH ft H ... 12% 12% 12% 12 Nor Pacific 11 1 , 11 O As W 8 ! 2 8% Pennsylvania 16% Seaboard Air L.. .. ... % ... So Pacific 14% 13% 13% 13% Soutnern P.v 5% ' S’ Paul 1% St Pa-i! Pfd 1% St L As S P % Union Pacific... 66 64% 65 65 ‘ 4 W Maryland 5% 5% Equipment*— Am Locomotive 7% 7% Am Steei Fd ... 5% 5% Am Air Brake Sh 12 Gen Am lank.. 18'4 18% 16% 18 General Elec 12% 12% (icn Rv Signal ... 17% N Y Airbraite. 16% Pullman 22% 23 Wrsiingh Alrb 14% Westingh Elec 24% 24 Rubbers— Fire-tone ... ... 9% Goodrich ’ ... .. . 4% Goodyear 14% 14% Keliv Sprgfld 1% 1% Lee Rubber 4% U S Rubber 3% 3% Motors — Auburn 33% 32% 33% 33 ( ler 9% 9% 9% 9% General Motrs . 12% 11% 11% 11% Graham-Paige 1 1 Hupp 1% 1% Mack 20% 20% 20% 20 1 2 Nash ... ... ... 12% Packard 2 1% 2 i% Reo ... ... 1 % I s , Studcoaker ... 2 2 Yellow Truck 2% 2% Motor Access— Bendix Aviation 8 Borg Warner.... ... ... ... 7% Briggs 3% 3% Buaa Wheel 1 Ei Auto Lite ... 10% 10% El Storage B 24% Sparks-W % Stewart Warner ... 2% Timkin Roil 15% 15% Mining— Am Smelt 16% 16 16% 16 Anaconda Cop.. 7% 7% 7% 7 Alaska Jun 14% 14 14% 13% Cal As Hecla ... ... 2% , Cerro de Pasco.. 9V2 9% 9% 9% Dome Mines 13% 13 Howe Sound 9 9 Int Nickel 8% 8% 8% 8% Inspiration 2% 2% lsl Crk Coal 15% Kennecott Cop.. 9% 9% 9% 9% Nordnda 18 17% 18 18 Texas Gul Sul 18% U S Smelt 23% 23 % 23% 23% Oils— Amerada 21 Atl Refining 15 14% Barnsdall ... ... 3% Mid Conti 4% 4% Ohio Oil 5% 5% Phillips 5% 5% Pure Oil 2% Shell Un 4V g 4 Cons Oil 5% 5% 5% 5% Skellv ... ... 3% Standard of Cal 22% 22% 22% 22% Standard of N J 25% 25% Soc Vac 6% 6 6% 6 % Texas Cos 12 11% 12 12 Union Oil 10% Steels— Am Roll Mills 7% 7% Bethlehem 13% 13% 13% 1364 Biers A M 10% 10% Colo Fuel .. ... ... 3% McKeesport Tin. 50% 50% 50% 54 Midland .. 4% 4 Repub I ft S. .. 5% 5% 5% 5% U S Steel 28% 28 Vs 28% 28 Vanadium 10% Tobaccos— Am Sumatra 8% 8% 8% 8% Am Tob 1A new . .. 58 58 Am Tob 181 new 61% 61% 61% 61% L;g ft Mvers 181 60% 60% 60% 60 Lorillard ... ... 13% Reynolds Tob .. 30% 30% 30% 30% Utilities— Adams Exp 3% 3% Am For Pwr ... 4% 4% Am Pwr & Li... 4% 4 4 4 A T ft T 90% 89 % 90 90 Col Gas ft El ... 9% 9% Com ft 50u.... 1 % 1% 1% 1% Cons Gas . . 41% 41*4 41% 41 El Pwr ft Li 3% 3% Inti T ft T .. 5% 5% 5% 5% Natl Pwr ft Li.. 7% 7 7% 7% No Amer Cos 16% 16 16 15% Pac Gas ft El.. 21% 21% 21% 20% Pub Str N J ... 34 % 34% 34% 33% So Cal Edison.. 18 17% 17% 18 Std G & El .... 6% 6% 6% 6 United Corp ... s'/a 5 5 5% Un Gas Imp 14% 14% Ut Pwr ft L A 2 2% West Union ... 18% 18% 18% 13% Shipping— Am Inti Corp ... 6 5% 6 6 N Y Ship 6% 6% 6% 6 United Fruit ... 34% 34 34% 34% Foodie— Am Sug 39% 38 38% 38% Armour A ... .. 1% Beechnut Pkg 47% Cal Pkg 10% 10% Can Dry 10 Coca Cola ... 83% ... Corn Prod 53 52 52 51% Crm Wheat 26% 26% Cudahy Pkg ... 24 Cuban Am Sug. 5 4% 5 4% Gen Foods 25 1 2 25% 25% 25% Grand Union. ... ... 30% Hershey . 38 Kroger ......... 18% 18% 18% 18% Nat Biscuit 35% 25% 35% 35% Nall Dairy • 13% 13% Purity Bak .... 7% 7% 7% 7% Pillsbury . . . ... 13% 13% Safeway St . ■ • 32% Std Brands .... 15% 15% 15% 15% Drugs— Drug Inc 31% 31% 31% 31 Lambert Cos ... ... 26 Lchn ft Fink 16% Industrials — Am Radiator ... 6% 6% 6% 6% Bush Term 1 Otis Elev 11% 11% Illen % Indus Chems— Air Red ... ... 56% 56 Allied Chern ... 78%. 77% 77% 77 Com Solv 13% 13% 13% 13% Dupont 35 34% 34% 34% Union Carb . . 22 21% 22 22 U S Ind Alco. .. 22% 22 22 22 Retail Stores — Assoc Dry Gds ... 4% Kresge SS . ... 6 6% May D Store .. ... 12% Mont Ward .. . 13% 12% 13% 13 PenTiv J C 22% 22% Sears Roe . . 17% 16’, 17 16 s , Woolworth 28% 28% 28% 28 Amusemrnts— Bruns Balke .. .. 3% Eastman Kod ... ... ... 46% Fox Film lAi 1 Grigsby Orunow ... % % Loews Inc ... 10% 10'a Radio Corp 3% 3% I! K O 1% 1% Warner Bros 1% Miscellaneous— Cdngoleum >% Proc ft Gam ... . • 25% ; Allis Chal 7% <% I Amer Can . ... 57% 5i% 57% 5b% !.1 I case 43 - 4 42% 42% 42% Corn Can 42% 42 Curtiss Wr . I s * 1% 1% 1% GillPtte SR 12 11% 11% 12% Gold Dust 13% 13% Int Han 22% 22% 22% 22% Int Bus M • • ?6 Un Alrcrtf 20% 20% 20% 20 Transamertca 4% 4% 4% 4% Owens Glass ... 43 42 42% 41% Chicago Stocks Opening tßv Abbott. Hopoin ft Co.i —April 5 Bendix Avia . 8 Middlewest . . % Cities Serv 2% Prima Beverage 14 4 Cord Coro . 5% Swift & Cos 9% Comm Edison.. 55 New York Curb IBv Thomson ft- McKinnon) —April 5 11:00 1100 Alum Cos of Am 40% Imp Oil of Can 6% lAm Cvnamid... 5% Nat Aviation... 4% Amb Gas ft- Elec 18% Newmont Min.. 16% Am Super Pwr 2% Nia Hud Pwr 9 i Ark Gas A ... 1 St Regis Paper.. 1% Cities Service.. 2% So Penn Oil ... 11% ! Cons G ofßalt 43% Std of Ind . 18% Cord 5% United G inw l 1% I Doer ft Cos 10% Un It ft- Pw lA) 2% I Elec Bnd ft- Sh 12 'Un Verde 2 Ford of Eng... 3 ' CHICAGO FRUIT MARKET I 7?;z I niti'il I'rrss CHICAGO. April s—Apples Michigan j starks. bushel. SI 25. Illinois Willow Twigs, 1 nushel. $1.15 11.15. Wtnesaps. bushel, $135 11.40. Michigan Greenings, bushel. 90c

PORKER PRICES RULE STRONG AT CITY YARDS Steer Trade Dull With Bids Sharply Lower; Sheep Unchanged. Hoes moved up 5 cents in trade at th? Union Stockyards this morning after a late start. Buyers and sellers early could not agree on a price range. The bulk, 160 to 300 pounds, sold for $3.75 to $3.80. One load was reported at $3.90. Weights of 300 pounds brought $3.65 to $3.70; 120 to 160 pounds, $3.35 to $3.65. In the cattle market steer trade was slow, with most bids sharply lower Uian Tuesday's average. She stock was little changed. Receipts were 1,200. Vealers were 50 cents lower at $5.50 down. Calf receipts numbered 500. Practically nothing was done in sheep. Indications were steady. Several small lots sold late Tuesday at $5.65. Receipts today were 500. Little change was recorded in hogs at Chicago, with most bids fully steady at Tuesday's average. Practically all classes displayed only slight action. The bulk of good to choice porkers weighing from 190 to 220 pounds was bid in at $3.80 to $3.90, while best kinds held upward to $4. Receipts were estimated at 18.000, including 8000 direct; holdovers, 4.000. Cattle receipts were 7.000: calves, 1,500; market steady. Sheep receipts numbered 12,000; market strong. HOGS March Bulk. Top. Receipts 29. $3 90® 4 00 $4.05 5,000 30. 3.90® 4.00 4.00 6,000 31. 3.90® 4.05 4.05 5,000 April 1. 3.85® 3.90 4.00 6.000 3. 3.80® 3.90 4.00 6.000 4. 3.70® 3.75 3.80 6,500 5. 3.75® 3.80 3.85 5,000 Market, higher. (140-160) Good and choice ...$ 3.55® 3.65 —Light Weights—--1160-1801 Good and choice.... 380 1180-200) Good and choice.... 3.80 —Medium Weights—-(2oo-2201 Good and choice. . 3.80 (220-250) Good and choice. . 3.80 —Heavy Weights—-(2so-2901 Good and choice.... 3.70 (290-350) Good and choice. .. 3.70® 3.75 1350 down) Good 3.20® 3.35 —Packing Sows—(3so up ( Good 3.00® 3.25 (All weights) Medium 2.75® 3.15 —Slaughter Pigs—-(loo-190) Good and choice.... 3.25® 3.35 CATTLE Receipts, 1,200; market, steady. (150-1,100) Good and choice $ 5.25® 6.75 Common and medium 3.504i 5.25 (1.100-1,500) Good and choice 4.25® 6.50 Medium 3.50® 4.25 —Heifers—-(sso-750) Good and choice 4.50® 5.75 Common and medium 3.25® 4.50 (750-9001 Good and choice 4.25® 5.50 Common and medium 3.00® 4.25 —Cows— Good 3.00® 3.50 Common and medium 2.50® 3.00 Low cutter and cutters 1.50® 2.50 —Bulls (yearlings excluded i Good (beef) 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 500; maeket, lower. Good and choice $ 5.00® 5.50 Medium 3.00® 5.00 Cull and common 2.00® 3.00 —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) Good and choice.ss.so® 5.75 (90-110 lbs.) Good and choice.. 5.00® 5.60 (90 lbs. down) Com. and med... 3.25® 5.50 —Ewes— Good and choice ... 2.25® 3.00 Common and medium I.oo® 2.2.5 Other Livestock BY UNITED PRESS CHICAGO, April s,—Hogs—Receipts. 18.000: including 8,000 direct: active, strong to 10c fiighcr than Tuesdas; 170-290 los 53.80® 4; top, $4; 300-350 lbs.. $3.70®3.80; light lights. $3.60®3.90; pigs. $8.50 downward; most packing sows. $3.40®3.50; light lights. 140-160 lbs., ood and cnoice $3.60®3.90; liilt weights. 160-200 lbs., good anci choice. $3.30® 4; medium weights. 200250 lbs., good and choice, $3.85® 4; heavy weights. 250-350 lbs., good and choice. $3.70 ®3 90: packing sows. 275-550 lbs., medium ana good. $3.254/3.60; slaughter pigs. 100130 lbs., ood and choice, 53.253 3.60. Cat-tle-Receipts, 7,000: calves. 2,000; steers and yearlings market rather slow, but fully steady; especially on better grades; largely steer and yearling run; other killing classes largely steady with all interests in market, although shippers not as active as Tuesday: vealers strongbest long yearlings. $6.40; top on approximately 1.575 lbs., highly finished steers. $5.25; most weighty bullocks selling at $5 downward. Slaughter cattie and vealers— Steers. 550-900 lbs., good and choice. ss® 7; 900-1,100 lbs., good and choice. ss® 7; 1.100-1.300 lbs,, good ar.d choice, $4.50® 6.75: 1.300-1.500 lbs., good and choice. $4.25® 6; 550-1.300 lbs., common and medium. $3,504/5; heifers, 550-750 lbs., good and choice. $4.75/(/,5.75; common and medium. $3.50®4.75; cows. good. s3® 3.50; common and medium. $2.25 33; low cutter and cutter. $1.75412.50; bulls, yearlings excluded, good beef. $2.753 3.25: cutter, common and medium. $2.603 3.10; vealers. good and choice. $4.50® 6: medium. $3.50® 4.50: cull and common. $33 3.50. Stocker and feeder cattle—Steers. 500-1,050 lbs., good and choice. $4,504/6; common and medium. $2.75®.4.50. Sheep—Receipts. 12.000: few sales to small killers weak to shade lower: packers bidding mostly 15® 25c lower, wet fleeces considered; good to choice light weight wooled lambs. $5.25®: 5.40; choice clippers. $5; small lot, $5.25. Slaughter sheep e.nd lambs—Lambs. 90 lbs. down, good and choice. $5.1535.65: common and medium. $4®5.25; 90-98 lbs., good and choice. $5®5.60: 98-110 lbs., good and choice. $4.753 5 25: ewes. 90-150 lbs., good and choice. s2® 3; all weights, common and medium. $1.25®2.50. EAST ST. LOUIS. 11l . April s.—Hogs Receipts. 9.000; including 1.000 through and direct; market, steady; top. $3.65; bulk. 160-280 lbs.. $3,554/3.65; 140-150 lbs., $3.25® 3.50; 100-130 lbs.. $2,754/3.10; sows. 53.10 W 3.25. Cattle—Receipts. 1.800; calves, 900; market, steady to strong on steers, mixed yearlings and heifers; cows and bulls, steady; vealers. 25c higher at $5.50: a few steers. $3.75®5.25; mixed yearlings ar.d heifers. S4®s; cows. $2.503 3.25: low cutters. $1.25® 1.75: sausage bulls. 52.25® 2 90. Slaughter steers, 550-1100 lbs . good and choice. $4.75®6.50: common and medium. $3.50® 5: 1100-1500 lbs., choice ss® 6.50; good. 54.2536: medium. $43 5. Sheep —Receipts, 3.000: market, opened strong to 25c higher; choice clipped lambs to city butchers. $5.75: few native spring lambs. $7.75. Lambs—9o lbs. down, good and choice, $5.1535.75: common and medium. $3.5025.25; lambs. 90-98 lbs., good and choice. $54/5.65: vearling wethers. 90110 lbs . good and choice. s4® 4.75; ewes. fP-150 lbs., good and choice, $1,754/2.75: all weights common and.medium, sl®2. PITTSBURGH. April s.—Hogs—Receipts. 1.000; market steaav; 160-240 lbs. $4,15 3 • 25; 250-300 lbs. $3.903 4.10; pigs. $3,503 3 75; most packing sows. $34.-3.25. Cattle —Receipts. 30; market steady; medium to good steer yearlings quoted S4 354/ 5.65: common to medium heifers. 53.254/4 50; better grade cows. S3® 3.65: medium bulls. S3 i3 40 Calves—Receipts. 50; market mostly 10c higher: good >o choice vealers. ss® 6. Sheep—Receipts. 500; market steadv to weak: better grade shorn lambs $4.85® 5.25: good to choice spring lambs, $7.25® 8: good shorn wethers around $2.75. CLEVELAND. April s—Hogs—Receipts. 1.500; holdovers none: steadv to 10c higher--160-230 lbs.. $4.10: 260-310 lbs., $3.90®4; pigs. $3.50: few lights. $3.75; sows. $2.50 to mostly $2 75 Cattle—Receipts. 200: rather complete early clearance: fullv steadv: scattered cutter to common lightweight steers. 53.7?3 4.75: medium cows, largely S3 downwards: cutter grades. $1.50 ®2.50. Calves—Receipts. 700. weak to 50c lower: hulk vealers. $6 downward; scattered choice. $6.50; cull to medium. *3 35. largely $4 upwards. Sheep—Receipts. 2.200; lambs steadv to easie-. desirable clippers 55415.25: cull to medium, $33 4.25 or above: choice wooled skins upward to $5 90. TOLEDO April s.—Hogs—Receipts 350: market steadv heavy Yorkers. $3,704,3 75: trusted and bulk of sales. *3 65® 3.75- pigs and lights. $3 25®3 50. medium and heavies. $3 253 3 70. roughs. $2.50® 2 75. Cattle—Receipts. 50: market, slow. Calves —Receipt-. light; market steadv. Sheen and lamb-—Reeipts. light: market steady iambs $4 15.35. NEW YORK SUGAR FUTURES —April 4 High. Low. Close. January 1.21 1 18 1.19 March 1.23 1 20 1.21 May 1.09 1.07 1.07 July 1.13 1.12 1.12 September 1.17 1.15 1.16 December i.20 i.ig 1.39

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The following Quotations do not represent actual bids or offerings, but merely indicate the approximate market levei based on curing and selling inquiries or recent transactions. —April 5 STOCKS Bid. Ask. Belt Rati ft Stocks Yards com 2i% 20:2 otlt tC&U ft StOC/t Yds Did 6 , 43 4s oc-.trai Ir.a rower Did 7%.. a 11 citizens Gas com 14 17 Citizens Gas Cos Did 578 t>3 b 8 nome i 4; fii Wayne Did 7% 39 43 ma Mich Eiec Cos Dfu 7b5 70 uia c/ci; service Go Did 6%.. 85 70 ind Hydro Eiec Cos Did 7 r ,e... 30 3o inCD/S Gas Cos com 43 47 Home T ft T Ft Wayne pfd 7% 34 39 moDis Power ft Lt Cos pfd 6% 40 45 lr.apis Pwr ut Cos pfa 6 2% 45 49 lnQD.s Water Cos Did 5 c 35 90 No ind Puoi Ser Cos Did 5% 23 28 No ind Pub Serv Cos pla t> o. 24 28 Norm Ind Puo Serv Cos pfd 7% 26 30 Public, Service Cos Did 6'4... 20 25 Public Service Cos Did 7%... 34 39 South Ina Gas &E 1 Cos pfd 6% 55 60 Terre Haute Elec pld 678.... 45 50 BONDS Citizens Gas Cos 5s 1942..... 80 84 Home T ft T Fk V* 5%s 1955.. 95 98 Home TftTFt W6S 1943.. 96% 99% Indpis Gas Cos 5s 1952 74 79 IndDls Rvs Inc 5s 1967 21 % 25 Lndpis W'ater Cos 4%s 1940... 95 100 IndDls Water Co* 5s 1960 88 92 IndDls Water Cos 5s 1970 ... 88 92 Indpis W’ater Cos 5%s 1953... 95 100 IndDls Water Cos 5%s 1954... 95 100 Kokomo Water Works 5s 1958 70 75 Lafavette Tel Cos 5s 1957 8) 85 uncie Water W 7 orks 5s 1939.. 87Vi 92% Richmond Water Works 5s 1957 80 85 Terre Haute Water Wk 5s 1956 80 85 Terre Haute Wat Wrk 6s 1949 90 95 Traction Terminal Cos 5s 1957.. 37 41 Joint Stock Land Banks Bid. Ask. Atlanta l'/o 32% 36%_ Atlantic o'o 41 44 Burlington 57c 25 2 7 California 5% 49 52 •Chicago 5% 19 21 Dallas 6% 47 50 Denver 5% 43 46 lies Moines 5% 38 42 First Carolina 57c 29 33 First Ft Wayne 5% 42 47 First Montgomery 5% 32 35 First New Orleans 57c 30 34 First Texas 5% ... 40 43 F’.rst Tr Chicago 5% 42 46 Fletcher 5% 62Va 65% Fremont 579 39 42 Greenbrier 5% 56 Greensboro 572 39 42 Illinois Monticello 570 50 55 Illinois-Midwest 5% 37Vz 41 Indianapolis 579 70 75 lowa 5'9 47 50 Kentucky 5'2 52 56 Lafavette 579 41 45 Lincoln 5 r 7 42 45 Louisville 5% 48% 51% Marvland-Virgmia 60 65 New York 579 42 45 Mississippi 5% 38 42 North Carolina Oregon-Washington 579 30 33 Pacific Portland 579 39 42 Pacific Salt Lake 579 42 45 Pacific San Francisco 579 42 45 Pennsylvania 5% 50 53 Phoenix 5% 62 64% Potomac 5% 43 40% *St Louis sr'c5 r 'c 15 17 San Antonio 579 47% 50 ♦Southern Minnesota 5%..... 12 14 Southwest s'c 33 36 Tennessee 5T 41 44 Union Detroit 5 r 9 41 44 Union Louisville 572 50 53 Virginia Carolina 579> 38 42 Virginian 579 47 50 ♦Flat. ASK RECEIVER FOR STONE CO, Bloomington Firm Again Is Target of Suit in Federal Court. Suit demanding appointment of a receiver for the Bloomington Limestone Company was filed Tuesday in federal court by Hubert L. Beck of Evanston, 111. Beck, former sales representative of the company, alleges the company is indebted to him a total of $3,197. According to the suit, the company has debts aggregating $2,235,927, of which approximately $2,162,540 is secured by first mortgage inducture and deed of trust. “Assets, if properly conserved, are of value sufficient for the payment in full of all the company’s obligations,” Beck’s action declares. Approximately $59,387 of the indebtedness, now past due, is unsecured, the complaint states. Suit to foreclose mortgages and pave way for reorganization of the $10,000,000 concern was filed in federal court a week ago.

Produce Markets

bellvered in Indianapolis prices: Hens, heavy breeds over 4% lbs.. 10c; Leghorns. 7s; 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 Wadlev Company. BY UNITED PRES? CLEVELAND. April s—Butter—Market, firm. Extras. 22' *c: standards. 22%c. Eggs—Market steady. Extras. ll%c: current receipts, 11 %c. Poultry Market steady. Heavy fowl, 15c; Leghorn fowd. 12® l3c: medium fowl, 15® i6c; heavy spongers, 13® 14c; Leghorn springers, 12 ® fgc. No. 2. chickens. 8c; ducks. 10® 12c geese, 10c: turkeys, under 15 lbs., 13®. 16m turkeys, over 15 lbs.. 13c; old toms, 11® 12c; o! droosters, B®9c; stags. 11c; broilers. 15® 18c: capons. 17® 13c. Potatoes— Ohio. New York, and Pennsylvania 100-lb. sacks, cobblers an dround whites, U. S. No. 1, and partly graded, 85®90c: New York Ohio and Pennsylvania, sacks a bushel, cobblers and round W’hites. partly graded. 45®55c. NEW YORK. April s.—Potatoes—Quiet: Long Island. 60c®52.40 barrel: southern, 52.25® 4.50 barrel. Maine. sl®2 barrel: Idaho. $1.50®1.90 sack; Bermuda. $6.50®3 barrel: Canada. sl7s® 1.85 barrel. Sweet potatoes—Weak; Jersey basket. 40c®51.65; southern barrel. sl®2; southern basket. 35c 4/ 51.15. Flour quiet: springs, patents. $3.85 ®4.25 sack. Pork—Steady; mess. Sl6 barrel. Lard—Quiet; middle west spot. $4.50 ® 4,60 100 lbs. Petroleum—Steadv: New York refined, 17c, crude Pennsylvania. 974 $1.47 barrel. Grease—Easy; brown. 2® 2%c lb.: yellow. 2®2%c lb.: white. 2%®. 2%c lb. Tallow—Weak: special to extra. 2\®2%c lb. Common hides inactive. Hides—Citv packer, steady; native steers. 6c; butt brands. 5%c: Colorados. 5%c. Dressed poultry—Steadv: turkeys. 12®/22c; chickens. 13®26c: broilers. 15®26c: capons. 15®/26c: fowls, B®l7c: Long Island ducks. 12%®14c. Live poultry—Quiet; geese. 7®. 11c; turkeys. 15®27c: roosters. 9c: ducks. 12c: fow's 12® 17c: chickens. 1022 c: capons. 18® 26c: broilers. 15®/23c. Cheese Quiet.: state whole milk, fancy to specials. !7®l9c; voung Americas. 12®12%c. Butter —Market, firmer; creamery higher than extras. 19% ® 20c; extra. 92 score. IR%® 19c: firsts. 90-91 score. 18%c. Eggs—Market. firm: special pack', including unusual hennery selections, 14%®16c; standards. !4%®.14%c; firsts, 13%®13%c; seconds. !2%® 12%c.

In the Cotton Markets

CHICAGO —April 4 Hieh. Low. Close. January 7 7.04 6 99 7.02 March 7.14 7.10 7.14 May 6.45 6.36 6.45 Julv 6 64 6.55 6.63 October 6.85 6.76 6.85 December 6.99 6 87 6.99 NEW YORK January 6.93 6.86 6.93 March 7.07 7.00 7.07 Mav 6.37 6.29 6.36 July 6 54 6 46 6.53 October 6.75 6 56 6.74 December 6 87 6.80 6.87 NEW ORLEANS January ... 6.90 March . 7.03 Mav 6.33 6 28 6 33 July 6.51 6.44 6.51 October 6.71 6.66 6 71 December 6.84 6.79 6.84 Births Girls George and Edna Rider, city hospital. Charles and Etta McMurrav. city hospital. Elmer and Elizabeth Wuerzburger. 4619 East Twenty-firsts. George and Sophie Christian. 905 North Beville. Bovs Joe and Leona Gibbons, city hospital. Ran’it and Helen Rov. citv hospital. Errol and Lilly Brovles. citv hospital. Clarence and Lottie Johnson, city hospital. Clyde and Mabel Berry. Twenty-first and Emerson. t - Gordon and Minona Mav. 831 Denny. Hugh and Georgine Williamson, 1101 Central.

WHEAT SHOWS HIGHER TREND IN FIRMTRADE Cash Corn Prices Moving Up on Demand From Brewers. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO. April 5. —Wh ea t opened unevenly steady on the Board of Trade today. % cent lower to % cent higher. Corn continued to show 7 relative firmness and was ’s to % cent higher. Firmness in stocks offset weak cables and wheat held steady in a dull trade. There was scattered buying and selling with a considerable amount of interest being paid to action in the com pit. The latter grain was not as active as Tuesday at the start. Oats was unchanged to l k cent higher, and rye unchanged to \h cent lower. Provisions W’ere steady. Liverpool again ignored action in North America and after a firm opening, declined H to % cent by mid-afternoon. Rising prices has brought an increased outside interest with talk very bullish. For the first time in a year or more the east bought corn futures in quantity Tuesday. The advent of beer has increased the demand for No. 2 w’hite corn w ? hich sold at the highest since April, 1932, Tuesday. Oats shared ‘ the recent advance. A car of white oats brought 21 cents Tuesday, the highest since last July. Chicago Primary Receipts —April 4 Wheat 432.000 Corn 409.000 Oats 278,000 Chicago Futures Range —April 5 WHEAT— Prev. High. Low. Close, close. May 55% .55% .55% .55% July 56% .56% .56% .56% September .. .57% .56% .57% .57% CORN— May 32% .32% .32% .32% July 33 Vi .33% .33% .33% September .. .36 .35% .35% .35% OATS— May ... .20 .197a July ... .20% .20% September ~ .20% • .20% .20% .20% RYE— May .43% .43% .43% .43% Julv .43% .43% September .... ... .44 .44 BARLEY— May ... .31% -31% July ... • • • -32% CHICAGO CASH GRAIN By United Press CHICAGO, April 4.—Cash grain close: Wheat —No sales. Corn—No. 3 mixed, 31%c: No. 4 mixed. 31%c; No. 3 yellow, 32®,32%c; No. 4 yellow, 31%@31%c; No. 2 white old, 35%c: No. 3 white. 34%®35c. Oats—No. 2 white, 20%@21c; No. 3 white. 20®20%c; No. 4 white, 17%® 19c: sample grade, 15%c. Rye—No sales. Barley—2B ® 42c. Timothy—[email protected]. Clover—s6.7s @9.50. By Times Bpeeinl CHICAGO. April s.—Carlots: Wheat, 5; corn. 68; oats. 20: rye. 3. and barley, 7. TOLEDO CASH GRAIN By United Press TOLEDO, April 4.—Grain—Close: (Grain in elevators, transit billing). Wheat—No. 2 red, 64® 65c; No. 1 red. 1 cent premium. Corn—No. 2 yellow, 37%@38%c. Oats — No. 2 white. 24®25c. Rye—No. 2, 49%® 50 1 ic. Barley—No. 2, 35@36c. 'Track prices, 28%c rate. Wheat—No. 2 red, 59% ®80c: No. 1 red, 60%®.61c. Corn —No. 2 vellow. 32%@34c: No. 3 yellow. 32%®33c; No. 4 velow. 31® 31 Vic. Oats—No. 2 white 21®22Vic; No. 3 white. 20%®22c. (Seed Close). Clover—Cash. $6. Alsike—Cash, $6.20. (Produce Close). Clover—Cash. $6. Alsike—Cash. $6.20. (Produce Close). Butter —Fancy creamery. 23c. Eggs—Extras, 11 %@l2c. Hay—Timothy per cwt., 75c.

Indianapolis Cash Grain

—April 4 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point basis 41 % New York rate. w : ere: Wheat—Strong: No 1 red. 55®56c; No. 2 red. 54®55c: No 2 hard. 54®55c. Corn —Strong: No. 3 white, 27® 28c; No. 4 white. 26(®27c: No. 3 yellow, 254J;26c; No. 4 yellow, 24® 25c: No. 3 mixed. 24®25c: No. 4 mixed. 23®24c. Oats—Strong: No. 2 white, 17® 17%c: No. 3 white. 16%®17c. Hay—Steady. (F. o. b. country points taking 23%s or less rates to Cincinnati or Louisville). Timothy—No. 1, $5.50@6; No. 2 timothy, $5®,5.50. -•-Inspection— Wheat—No. 1 red. 1 car; No. 2 red. 2 cars; No. 3 red. 1 car; No. 1 mixed. 2 cars: No. 2 mixed. 1 car. Total, 7 cars. Corn —No. 2 white. 3 cars: No. 3 white, 3 cars; No. 4 white, 2 cars; Sample white, 1 car; No. 1 yellow, 2 cars; No. 2 yellow, 4 cars; No. 3 yellow. 2l9cars; No. 4 yellow. 8 cars: No. 5 yellow. 1 car; No. 6 yellow. 1 car; No. 2 mixed, 1 car. Total. 47 cars. Oats — No. 2 white. 14 cars; No. 3 white. 20 cars; No. 4 white, 5 cars. Total, 39 cars. INDIANAPOLIS WAGON WHEAT Citv grain elevators are paving 51c for No. 2 soft wheat. Other grades on their mor'ts. MOST OF U. S. BANKS REOPENED FOR BUSINESS Texas Leads Country With Total of 1,02^. By Times Special CHICAGO. April s.—Of the 18,000 banks doing business in the United States before state and national bank holidays, 14.500 have reopened according to a weekly list published by the commerce clearing house, Chicago. The current list further discloses Texas leading in numbers, with 1.022 banks now open. New York has 816 and Alaska 1, Michigan has reopened 135 of her banking institutions. Cumulative editions of this list of opened banks will be issued on Saturday of each week in alphabetical order according to states by the commerce clearing house of Chicago. COAL PRODUCERS UNITE About 83 Per Cent of Anthracite Industry Now Organized. By Times Special NEW YORK, April s.—General Brice P. Disque, president of the Anthracite Institute, announced today that anthacite producing companies with a total present production of approximately 8,000.000 tons joined forces with the Anthracite Institute at a meeting held this week at its offices, 19 Rector street. This new tonnage represents nearly 15 per cent of the total production of anthracite and, combined with that of the producing companies already members of the Institute. unites about 83 per cent of the industry. WORK HOURS INCREASED Pennsylvania Shop Forces Move Up to Five-Day Week. Shop forces of the Pennsylvania railroad are working on a five-day instead of a four-day week schedule. officials said today, principally due to demand for more freight cars. Those on the longer schedule are engaged mainly in repairing freight cars lor service.

Banks Find Remodeling Expense Good Investment

Modernization of Business, Residential Property Aids Rentals. Banks and realty companies are finding it profitable to remodel and modernize residential and business properties held by them, thus increasing rentals and sales. This was the statement today of Arthur V. Brown, Union Trust Company and Indiana National bank president, in connection with the city modernization campaign designed to relieve unemployment and stimulate economic recovery. “We have followed this policy more and more during the last year and a half in the Union Trust Company's real estate department,” Brown said, “with a remarkable degree of success. “By spending a comparatively small sum of money in improving property handled by our rental and real estate department, we have been able to rent many pieces long vacant, and to sell a number of properties for their owners.” Expense Is Repaid Haney E. Berry, manager of the Union Trust rental and real estate department, cited several instances of this sort. “About a year ago sixteen double houses on the east' side were turned over to us,” Berry said “When we took them over, seventeen of thirtytwo halves were vacant. “We painted where needed, varnished floors and woodwork, papered several rooms in each residence, made other small badly needed repairs, and built garages for sixteen cars, at a comparatively small expense, and in thirty days had every residence rented and two names on a waiting list. Cost of the improvements was repaid in a few months by the increased rentals.” Berry said the same plan had been tried on more than 100 other single and double houses and apartments handled by the company, with equally gratifying results. Higher Grade Tenants “The improvements brought a higher grade of tenants on rental property and enabled us to make quite a number of sales of small residences,” he said. Experience of the trust company is in line with results of a survey conducted by the American Bankers Association Journal, which revealed a broad tendency to remodel and modernize properties held by banks and trust companies to make them better-paying assets. Replies to a questionnaire sent banks and rental agents, the Journal states, indicated that the present lower cost of building materials and labor, while a big factor, is not the chief one in inducing shrewd bankers to undertake remodeling and moderization work at this time. “The primary motive,” it was explained, “is rather to effect economics, to increase efficiency, to stop losses and increase revenue—in short, to make bank properties a better paying investment.”

3 GAS WELLS ARE COMPLETED Production of 4,200,000 Cubic Feet Added to State Output. Three gas wells with a total production of 4,200,000 cubic feet each twenty-four hours were completed in Indiana during March, according to a report of gas and oil drilling work by Paul F. Simpson, state gas supervisor. A 2,000,000-foot gas well in Pike county was the largest. Another in the same county has an output of I. feet and the third, in Knox county, 1,000,000 feet. Report of drilling operations by counties is as follows: Daviess—A qipe line is being laid from the Glendale pool to the gas line supplying Washington. HANCOCK —The second well drilled by J. H. Snider on the Mrs. Sarah Ross farm in Brandywine township, is a small producer. Huntington—Fred Brandt is drilling a test on the Huntington township. Jasper—lt is reported that several of the old shallow wells in Gillam township are being cleaned out and put to pumping. Knox—O. A. Thayer completed the Starrier Bond No. 1 in Busseron township at 592 feet, initial production being 1.000.000 cubic feet. Pike—Harry N. Bell and others are down more than 300 feet in the Charles R. Lucas No. 1. test in Washington township. Risher and others have started the second well on the j. Miley lease in the same section. H. A. Moore and others are shut down in the same township. Dr. C. C. Taliaferro is drilling the Charles E. Shafer No. 1. in Washington township. In section 17. Claude Noble completed a 2.000.000 cubic foot gas well on the Helen Smith lease. The Hugh Smith No. 1. completed bv A. E. Davis in section 19. produced 1 200.000 cubic feet. Vanderburgh—L. R. Henley is starting a test on the Nick Bassmeier farm in Perry township. The Snowden and McSweenev Company is drilling the Gustave Heilman No. 1. in Center township. The Matt J. Schmidt test in Scott township, was completed a dry hole at 1.100 feet, by C. J. Weidemann. Knapp & Woods are drilling on the right-of-wav of the Southern Indiana Gas and Electric Company in Center township. Vigo—Pierson. Yeager and others are drilling at more than 750 feet in a test on the Dr. John Wilson lease in Prairie Creek township.

Bright Spots

Bv United Press Wright Aeronautical Corporation reports 1932 net profit of $250,853. against $196,620 in 1931. Wabash railway reports freight loadings last week were 11.055 cars, against 10,770 cars in preceding week. Allis Chalmers Manufacturing Company reports its unfilled orders on March 31 totaled $4,501,000. against $4,371,000 at end of February. Dome Mines, Ltd., reports a March output of $412,565, against $319,052 in March last year. Union Central Life Insurance Company reports March insurance sales increased 8.7 pier cent over February and 2.6 per cent over January. .„

STEEL PRODUCTION UP AT INDIANA HARBOR Inland Company Reports Best Figure for 18 Months. By United Press HAMMOND, Ind.. April s.—Steel production at the Inland Company plant at Indiana Harbor is greater this week than at any time in the last eighteen montlis, company officials said today. Hundreds of old employes were rehired after a general steel buying pickup following the banking holiday. Inland's open hearth capacity has been doubled this week to meet demands of rolling mills and eight furnaces in the No. 2 plant were being used today. Ford and Chevrolet both had substantial orders placed for body materials, keeping strip and sheet mills busy several days. Sizeable railroad and structural steel orders also are being Ailed. forecast of a possible construction revival. Inland officials said.

W, C, T. U, SAYS LOUD ’NO' TO WETPROPOSAL Dry Group Scorns Plan to Join With Foes for Temperance, (Continued From Page One) join it in a campaign of temperance, according to several members of other Marion county units. On Wrong Side of Fence “She's on the other side of the fence. She’s too wet for me,” asserted Mrs. L. E. Schultz, 3838 Kenwood. president of the Central Union of W. C. T. U. Diplomatically, Mrs. A. C. Hawn, president of the Meridian W. C. T. U„ commented on Mrs. Sabin’s invitation for a temperance campaign that “she’d probably have to join 'our campaign for temperance if she wanted us.” Mrs. Sabin, in her Washington interview, mentioned the fact that the W. C. T. U. interpreted the word “temperance” as meaning “total abstinence.” Mrs. Curtis Hodges, 2168 North Meridian street, member of the Central W. C. T. U., explained her group's thought on temperance with: “Total abstinence is the best temperance. We have nothing in common with Mrs. Sabin’s organization. A coalition would not be possible. The legalization of beer and wine is a grave mistake.” Pledge to Abstain The W. C. T. U. temperance pledge says, “I hereby solemnly promise, God helping me, to abstain from all distilled, fermented and malt liquors, including wine and beer, and to employ all proper means to secure enforcement of the eighteenth amendment.” The moot question in the pledge is whethfer 3. per cent beer is intoxicating. W. C. T. U. members hold that it is. They asert the pledge will not be amended to permit its membership or any one desiring to become a member to imbibe the new beer and become affiliated, morally and spiritually, with the W. C. T. U. Beer In White House The news that Mrs. Roosevelt plans to serve beer in the White House draws much of the fire of cemment from the women drys of the country. “She’s setting a poor example for the rest of the nation,” said Mrs. Charles A. Mueller. 706 Day street, member of the Central dry unit, in a typical reply on th efeeling of her organization s members on the question of foaming mugs in front of the President and the First Lady of the Land. INSURANCE MEN PLAN NEW BUSINESS DRIVE “Financial Independence Week” to Be Observed Here. “Financial Independence -:eek” will be observed by Indianapolis life insurance men from April 17 to 22. Problems of education and conservation will be brought before the public during the period. The week will begin with a breakfast at the Columbia Club, followed by an intensive drive for new life insurance, E. A. Crane, president of the local Life Underwriters’ Association. said today. The week will be observed nationally and will include radio addresses and proclamations dedicated to insurance by public officials. The program here will be in charge of Crane. Homer L. Rogers and Mansur B. Oakes. Dan Flickinger and Martin Lammers will supervise activities of the executive committee. Carl Maetschke is chairman of the publicity committee. Elbert Storer is in charge of the speakers’ committee.

GUEST TICKETS To Finders of Lost Articles Advertised in The Times The Apollo theater will present a pair of guest tickets to their current attraction to any one finding and returning to its owner any item advertised as lost in The Times Lost and Found column. All you have to do upon returning the article is to have the owner call Miss Joe. RI-5551, and give her your name and address and tickets will be mailed immediately. TO SEE APOLLO THEATER

PAGE 17

ALL LINES OF BUSINESS SHOW MARKEDGAINS Beer Makers Demands Speeds Up Production in Many Industries. Marked increase in activity among manufacturers was displayed during the past week and is at a more satisfactory level than any time during the last two years, according to Dun & Bradstreet. Inc., weekly business review. Gains in industrial activities is laid wholly to preparations for beer manufacturing, which has speeded production in many lines of business. Output of lithographers, makers of bottles, cartons, cases, and barrels has been high since signing of the beer bill. Retail Trade Gains Retail trade recently has shown improvement, with textile manufacturers receiving a considerable number of orders for small quantities of merchandise. Complete recovery of the steel trade has not been fully recognized since declaration of the banking moratorium. Only 'low progress has been made in regaining production levels of mid-February. Commercial defaults during the last week in the United States have continued to show’ a marked reduction. Failures in business lines amounted to 393. against 382 and 494. respectively, in the two weeks preceding, and 628 for the same week of 1932. Failures reported during the last two weeks were few in comparison with any week this year. Indications for March are that defaults will fall below those of any vear since March 1925 or '26. Foods Continue Up Upward trend continued in the food markets, with advances still outnumbering the declines. Few spots were weak with majority slightly stronger. Bank clearings held to restricted levels, totaling $3,688,139,000 from all leading centers for the w r eek. This was a decrease of 6.8 per cent compared with that of a year ago. Steel ingot output during the past week was placed at slightly less than 12 per cent of capacity in Chicago district, with some improvement evident. in new 7 buying. Production in the Pittsburgh district held around 15 per cent of capacity. Deaths Isa ah H. Lewis. 38. 2531 Columbia, lobar pneumonia. Floyd M Radoliffe, 51, 51 North Holmes, coronary thrombosis. Nancy Elizabeth Laneston. 73. 2047 Park uremia. Georee W Rise. 55. 1233 Newman, coronarv thrombosis. John Henry Bellamy. 53. 1450 Minocqua. Kastric ulcers. William Arthur Tucker. 67. 1218 Villa, chronic hepatitis. Orin Bennett Euliss. 1. city hospital, epidemic meningitis. Mary Thomas. 87. 2123 North Talbot, cerebral hemorrhage Sarah Elizabeth Stein. 69. 1236 North Rural, chronic myocarditis. Helen Iria Tucker. 77. 3339 North Capitol, cerebral hemorhage. Donald Stewart. 22. city hospital, lung abscess. Elizabeth Bender. 75. 1039 Prospect, chronic nephritis John H. Standfield. 76. 1121 West Twenty seventh, acute cardiac dilatation Catherine O Toole. 74. St. Vincent's hospital. uremia. Archie Barbee. 47. 817 West Twentysixth acute dilatation of heart Althear Ellis. 51. 2332 Sheldon, lobar pneumonia.

ANNOUNCEMENTS 1 Death Notices CURRAN, MARY (MOLUE) Sister of John and Mlchaei Curran, died Monday. April 3. Funeral at J. J. B LAC WELL ft SON'S FUNERAL PARLORS. 926 N. Capitol Ave., Thursday. April 6, 8:30 am.; services at St. John's church 9 a. m. Friends invited. FINK, CATHERINE (Nee) SPEISER—Wife of John H Fink, mother oi Mrs. George Kunkel, Mrs. John R. Beck, and Mrs. Ceciel Norris, and Charles, and Clarence Fink, sister of Margaret Ristow, John Murrier. and Mrs Rose Frasier, passed away Wednesday morning at the St. Vincent's hospital, age 63 years Funeral from the residence, 1611 South Talbot, Saturday. 8:30 a. m. Services Sacred Heart church, 9 a. m. Burial St. Joseph’s cemetery Friends invited. LIMBAUH, HELEN B. —Beloved wfie of Clarence Limbach. daughter of Mr. and Mrs. Harry Ostermeyer. passed away Tuesday, age 29. Funeral Thursday. 1:30 p. m. at the home of her parents. Mr. and Mrs Harry O termever. Cumberland. Ind , 2 p. m. at the St. John Evangelical church. Interment Mt. Lebanon cemetery. in charge oi MAX HERRLICH ft SON MICHEL, ARTHUR R. Husband of the late Frieda Johanna, father of Hellene. Mathilda and Arthur Jr , brother of Mrs. Bertha Wacker, passed away Tuesday. Private service at THE FLANNER ft BUCHANAN MORTUARY F’ridav, 2 p m. Cremation Friends ma ycall at the MORTUARY anytime. MORIARITY, .JAMF.S D.—Father of Helen Moriarity. died Monday, April 3 Funeral at J. J. BLACKWELL SONS FUNERAL PARLORS. 926 N. Capitol Ave Thursday. April 6, 8:30 a. m.: services at St. John's church. 9 a. m. Friends Invited. RADCLIFFE. FLOYD M.—Father of Thurman Radeliffe. passed away Monday evening at the residence. 51 N. Holmes Ave. Funeral services Wednesday, 7 30 p m., at residence. Friends invited Burial New Albany. Ind.. Thursday. Friends mav call at above address. CONKLE SERVICE. RUESCHHOFF, STEPHEN Beloved father of Elizabeth M. Rueschhofl and Mrs. Mary E McOrnber of Redondo Beach, Cal., passed away Monday. April 3 age 81 years. Funeral from the late residence. 2158 Ringgold St.. Thursday April 6, 8:30 a. m. followed by services at St. Catherines church. 9 a. m Interment Holy Cross cemetery. Friends invited SY LVESTER. SARAH A.- Age 80 uudow of the late James H. Sylvester formerly of New Palestine; mother of Mrs Hattie Cunningham. Mrs. Lizzie James and Mrs. Vada Lowder. grandmother of Mrs. Norma Glover and great-grandmother of Dorothy Glover, passed awav at th* home of Mrs. Lowder in Louisville Kv.. April 3. Funeral at home of Mrs Glover. 2609 E Pearl St . Indianapolis Ind Thursday April 6, at 930 a m . and 10 30 a m at the New Palestine Christian church. Interment New Palestine cemetery in charge of MAX HERRLICH ft SON Friends mav call at above address any time