Indianapolis Times, Volume 44, Number 287, Indianapolis, Marion County, 11 April 1933 — Page 13

APRIL 11, 1933

ALL SECTIONS OF STOCK LIST MOVE UPWARD Ticker Speed Taxed as Sales Volume Mounts; Steel Shares Strong.

Average Stock Prices

Average of thirty Industrials for Mond,i \ high f.2.23. low 59.98. !a*t 62 11, up 2 81 A- e-rage of twenty rails 26 54. 25 58. 2* 16 116 Average of twenty itilltie... 1 28. Average of f'.r'y bond- 74.03. up 43, m I.I.MER C. WALZER I nit' and Prs< linanrial Kditor NEW YORK, April 11. Stocks opened strong and active today. Gains ranged to more than a point and tickers strained to keep pace. Initial orders involved blocks ranging up to 3,000 shares. Steel issues again were in demand. U. S. Steel opened 3.500 shares at 32 up ■"% from the previous close and anew high on the movement. The preferred was 65 a, up %, while National Steel was at 22'., up %; Republic at 7. unchanged on 1.400 shares, and Bethlehem 17 a, unchanged. All Sections Strong Allied Chemical opened at 84. exriividend, unchanged; Auburn Auto 38';., up l ; R. H. Macy 39. up ?4, and anew high for the year; Union racific G 7 i, up 3, and Atchison 43 "i, up •■?!. General Motors opened 3,000 shares at 14’ ;, up 1 4, and firmed up from that level in the early trading. Utilities were higher with Consolidated Gas at 45' , up 1 1 . Rails ruled strong and fairly active. Oils were steady to firm. Farm equipments rose in active turnover on improved conditions in grains reflected in a light crop outlook. Sales Volume Heavy Volume continued heavy during the early trading with prices holding their initial gains and in many instances improving on them. Th most favorable improvement market-wise was the government’s winter wheat report. It showed a crop estimated at 34.087,000 bushels as of April 1, the smallest crop since 1904. The report was described in grain circles as “sensationally bullish.' 1

Bank Clearings

INDIANAI'OI IS STATEMENT —April 11— Clearings $1,377,000.00 Debits 3.226.000.00 TREASURY STATEMENT —Anril 11 Net balance for April 8.. .$526,878,871.01 Fxprndltur. s 10.863.044.61 Customs rocts.. mo. to date 4 952.554.70 New York Bank Stocks (By Abbott, Hoppin & Cos.) —April 10— • Bid. As". Bankers 58 59% Central Hanover ... 121 125 Chase National 2223% Chemical 34 .35 National City 25% 26' Corn Exchange 50 62 First National 1,140 1,180 Guaranty 260 265 Irving 16% 17% Manhattan A- Cos 19% 20% New York Trust 76 19 New York Curb ißv Thomson & McKinnon) April 11— 11 00 11:00 Alum Cos of Am 17', Gulf Oil .32% Am Cvuamid. .. 6% Hudson Bav ... 3% Am G Fire.. 22 Imp Oil of Can 6% Am I.t Tnu .. 13 7 „ Im Pete 9% Ain Sapei Pwr 3' Mead Johnson.. 48% Ark (las \ , 1% Ncwmont Min.. 20% Ass (i ,v Elec.. I>4 Nia Hud Pwr.. 10 can Marconi... l ,Penroad .... .. 1% Cent Sts Elec. 2 St Regis Paper.. 2% Cities Service.. 2% So Penn Oil 12%. Cons (.: of Bit. 44% Std of Ind 19% Comm Edison.. 56 Std of 0hi0.... 16% Cord 5% -Stilt* ll'a Deer 'V Cos .... 13%!United Gas (nwl 1% Elec Bno A- Sli 13*4 Un l.t & Pwr A 2% Ford ct Eng... 3% Un Verde 2% Goldman Sachs 2% ut Pwr 1 Gt AA: P ...151 Uli Fndrs 1%

Bright Spots

By United Press Dun & Bradstreet. Inc., reports business failures last week numbered 418, against 437 in previous week and 607 in like 1932 week. Chevrolet Motor Company reports March sales to consumers of 34,716 units, against 33,125 units in March, 1932. Department of commerce reports February shoe production in United States totaled 26.261.876 pairs, pgainst 22,716,815 pairs in January.

Produce Markets

Delivered 1a Indianapolis prices: Hens, heavy breeds over 4‘ 3 lbs., 10c; Leghorns, 7c; large springers and slags, 1> 3 ibs. up. 7> ; leghorns and black and Leghorn stags l a lbs. up. sc; cocks. sc; Leghorn cocks, 4c. Ducks—Large white lull leather and fat. over 4 lbs.. 6c; small and colored. sc: geese, lull leathered and fat. sc; voung guineas. 20c: old guineas. 15c. F.ggs—No. 1 fre*h country run eggs. 9c; pullet eggs. 6c: each full egg case must weigh 6a lbs. gross: a deduction of 10c per lb for each pound under 55 lbs. gross will be made. B.itterfat 12c: No. 1 butter. 20'.t lc. These prices lor healthy stock free fiom iced: no sick poultry accepted. Quoted tv the Wncilev Company. BY l MTV D PRI ss CHICAGO. April 11 Ecus Market. Steady; prices unchanced, receipts 29 452 cases extra firsts. 12’, 12 ,c firsts. il : \ 12 V, c current receipts. He: dirties. 10'*c. Hr Market. Mead' : prices unchanced; ipp :>:> 8.571* tubs specials II* 1 - 1 ' 20c: extras 19c; extra firsts. firsts'. 18 s. 19c Pi ult n Market steads receipts. 24 trucks; fowls. 12c: springers. 14 .- 16c: Leghorns. 10c; ducks. 12 • 14c. geese. lie: turkevs. 124T15.■; n < sters Rt broilers. 19 ..-20c; stags lie. Chcc‘e Twits, to ■; 10'c: Longhorns, in’. ■■ilO-hr. Potatoes—On track. 338: arrivals. 96; shipments 6-4 market, firm: Wisrons n sacked i\-.:nd whiles 75 0 80c: Idaho siik and Ris sets si 40 l 45. Minnesota sacked round whites 75c.

Gone, but Not Forgotten

A..'omobiles reported to police as stolen belong to Johnson Chevrolet Company, 1040 North Meri.i. -tree- B ..Mar.. M-1040. from rear of 1040 North Meridian street C’Ro'-btf.s. 1421 West TwentvIhird street. Lord coupe. 111-664. from 625 North Capitol avenue. Harry R Furkh: er. 3360 North MeTtdian street, apartment F-5. Dodge sedan. 39-413. :ret:. In Iron: of 3360 North Meridian street R: hard F. ore Franklin Tnd . Chevrolet coach 255-563 from Franklin. James Pr.tocka. 2148 Bo hefontaine street. Chevrolet t .eh. 33-607 from Thirty-eighth street and the Dandy Tr..il

B\( K HOME AGAIN’

Stolen automobiles recovered by police belong to: Patrick J. Walsh Brownsburg Ind . Ford coach found :n fro:.: of 521 West North. Street F Sth.fr. 166 West North street. Plymouth roadster, found In garage in rear of empty house at 2706 Martindaie avenue O C. Dickens. Kokomo. Ford coupe found tn garage in rear of vacant house at 2708 Martindaie avenue Fink and Abels Auto Company. 440 North C.ipif" venue Ford coupe found in Iron! • ri’6 '1 leh ntame street. :51 : V : la avenue. Hupmoh: e . • a. lev .0 tear of 433 Sou ! it '.reel H V< N 5 ~;h Belmont avenue Pontiac mi. • ! and on Kerr road, west Os Mur- II: . Fred Steiiing 123 South Delawanda avenue, Chevrolet coach, lound on Hadley street.

INDIANA STOCKS AND BONDS

The following quotations do not represent actual bids or offering*, but mereiy indicate the approximate manct level based on ouving and selling inquiries or recent transactions. April 11— STOCKS Bid. A*k. Belt Rail A: Stoelc Yards com. 2126 . Be,t Rail V Stock Yds pfd 6 • 45 49 Central Ind,Power old I'i.. 6 9 Gas com 13 18 Citi/ciA Gas Cos pfd S’.i 63 68 Home T A: T Ft Wayne pfd 7 * 39 43 Ir.a 8c Mich Elec Cos pfd 65 70 Ind Gen Service Cos pfd 6.. 65 70 K ec Cos pfd 7 % 27 32 Indpl Gas Cos com 42'a 47 1 a Home T A: T Ft Wayne pfd 7 - 34 39 Inrip.* Power At Lt Cos pfd 6% 33 42 Ir.dnis Per As Lt Cos pfd 6%'. 42-a 46% Ir.dp.s Water Cos pfd 5'V 85 96 No Ind Pub Sr Cos pfd 5 1 /.. 25 ! a 29'a No Ind Pubb Serv Cos pfd 6'. 26'a 30% , North lid Pub Serv Cos pfd 7 . 23 32 Public Serv Cos of Ind pfd 6'. 15'a 13'Public Serv Cos of Ind pfd 7"-. 33% 37% South Ind Gas A; El Cos pfd 6', 53 58 Terre Haute Elec pfd 8% 40 45 BONDS Citizen* Gas Cos 5s 1942 78 82 Home T At T W 5%s 1955 94 97 Home T At T Ft W 6s 1943.... 95 98 indpia Gas Cos 5s 1952 70 74 Inrip.s Rvs Inc 5s 1667 21 A, 25 Indpis Water Cos 4%s 1940... 92’ i 97'. 2 Indpis Water Cos 5s 1960 86 90 Indpis Water Cos 5s 1970 88 90 i Indpis Water Cos 5%s 1953 ... 93 98 i Indpis Water Cos 5'2S 1954.. 93 98 j Kokomo Water Works 5s 1958.. 70 75 i Lafavette Tel Cos 5s 1957 81 85 M nic.e Water Works 5s 1939.. 87 1 a 92’a Richmond Water Works 5s 1957 30 85 Terre Haute Water Wk 5.s 1956 80 85 lerre Haute Wat Wdk 6s 1949 90 95 Traction Terminal Cos 5s 1857.. 39 43 Joint Stock Land Banks Bid Ask. Atlanta 5% 32% 36’.. Atlantic. 5' 42 * 46% Burlington s'o 28 32 California 5% 49 52 i ■Chicago 3'. 18*.a ?1% j Dallas sr<5 r < 48 52 Denver s'„ 47 51 j Des Moines 5% 40 41 First Carolina s'. 31 34 First Ft Wavne 5'U 43 47 F, st Montgomery 5'T. 32 36 Firs' New Orleans s'.i 30 34 First Texas s'e 42 46 1 FUrst Tr Chicago 5% 42% 46% ; Fletcher 5 62 66 | Fremont s'. 40 44 , Greenbrier S'* 56 59 | Greensboro 5% 39 42 j Illinois Montlcello s';' o 50 55 IllinoiSrMidwPSt. 5% 37’ 2 41 Indianapolis s'i 72 76 | lowa sr'r5 r 'r 47 Kentnekv 5% 54% 58% T.afavette 5% 43 47 j Lincoln 5%. 43 47 Louisville 5% 48% 51% Marvland-Virginla 5" 60 65 New York 5% 46 50 Mississippi 5G 38 42 North Carolina 5 f T 32 1 2 36% Oi'Pgon-Wnshington s'T> 30% 34'2 Pacific Portland 5% 39 42 Pacific Salt Lake 573 42 45 Pacific San Francisco 5% 42 45 Pennsylvania 5% 54 58 Phoenix 5% 62 66 Potomac 5% 43 41 •St Louis s 'r 16 19 San Antonio 5% 49 53 •'Southern Minnesota. 5% 13 16 Southwest 5% 33 36 Tennessee S'* 42 45 Union Detroit 5% 41 44 Union Louisville 5% .'... 50 53 Virginia Carolina 5% 40% 44 1 2 Virginian 5% 47 51 •Flat.

Investment Trust Shares

—April 11— (By Abbott. Hoppin <fe Cos.) Bid. Ask. American Bank Stocks Corp .95 1.20 American Foundrs Corp 87 1.25 American A- General Sec A.. 325 5.25 Rasic Industry shares 202 .... British Type Inv Tr sh 42 .48 Collateral Trustee sh A 3.25 3.62 Corporate Trust shares (old). . 1.55 .... Corporate Trust shares (new) 1.56 1.70 Cumulative Trust shares 2.49 .... Diversified Trust sh A 6 00 6.50 Diversified Trust shares 8.... 487 5.37 Diversified Trust shares C. .. 2.02 2.06 I Diversified Trust shares D ... 3.37 3 87' First. Insurance Stock Corp.... 1.75 2.05 I First Common Stock Corp.... 1.15 1.35 1 Fixed Trust Ofl sh A 580 .... j Fixed Trust Ail sh BB 4,60 ... i Fundamental Trust shares A.. 2.85 2.92 Fundamental Trust shares 8.. 2.75 2.80 Loaders of Industry A 200 2.25 Low Priced shares 2.37 . . . Mass Inv Trust shares 13.25 11.62 Nation Wide Securities . .. 2.31 .... North Amer Trust sh 11953) 1.32 .... North Amer Trust sh (55-56) 1.66 1.90 Selected American shares .. . 1.73 .. . Selected Cumulative shares. ... 4.65 4.75 Selected Income shares 2 40 2.53 Std Amer Trust shares 2.45 2.55 Super Amer Trust shares A.. 2.30 .... Trust Shares of American .... 2.20 2.30 Trustee Std Oil A 3.00 3.25 Trustee Std Oil B 2.75 .... U S Electric Lt & Pwr A 11.00 .. . Universal Trust shares 2.00 205

In the Cotton Markets

CHICAGO —April 10— High. Low’. Close. January ... ... 7 20 March 7.34 7.31 7 34 > May 6 62 6.58 6 61 I July . 6.79 6.76 6.77 ; October 7.02 6.98 7.01 December 7.14 7.11 7.13 ■ NEW YORK January 7.17 7.11 7 13 S March 7.28 7.23 7 28 I Mav 6.58 6 51 6.54 ' Julv 6 76 6 68 6 69 I October 6.97 6.90 6.91 | December 7.10 7.04 7.05 NEW ORLEANS January ... 7.10 1 Mav 6 55 6.48 6 53; July 6 71 6.65 6 67 October 6 93 6.89 6.91 December 7.07 7.02 7.05

Foreign Exchange

(By Abbott. Hoppin & Cos.) —April 10— Open. Close. Sterling. England S3 41 11 -'6 $3.41 % Franc. France 0393% .0393% Lira. Italy 0.511 7 r .0511% Franc. Belgium 1395 .1396 Mark. Germany 2340 .2363 Guilder. Holland 4034 .4037% Peseta. Si—in 0846 .0847 Krone. Norway 1749 .1754 Krone. Denmark 1522 .1525

HORIZOXTAIj Answer to Previous Puzzle Canada. 1 Who won the irv R . —,• Mp .i i.VeT] U Assessment Oerm.'nyt IP RUjsV f ABTORRCMT* „ Dressmaker. € Speaker in the |Xi Ukj , .... 17 Perched. U. S. House SL.V ER ALpADD I C.T.5 is To calm, of Repre* AR' I O jslli ANlj 'o BIS hQR M 21 Not in. senlatives. T ON|MTO;E||fe|yBR;O.Ej 23 Quantity. 11 Modern music ED I iTH|TiE M P:QBT!AIP A 26 Form of resin, box. SEOUL A'RiTRA;I L.ER 27 Hair dye. 32 Form of “be.” ' L L 2S Pertaining to 14 Complication. IrTpuT ESIC LAT TE R the sun. 16 On the lee. OR A IPIR OG U EPIE A V E 30 Baglike part. 17 Surgical IT I INTI ISI O E Si iDTiiEO 31 Hygienic, jnachine. ' 32 Scarlet. 19 Levee. 35 Limb. 5S To soak flax. 34 Thigh bone. 20 Beverage. 37 Red popper. 59 Tooth. 36 Dresses. 21 Tree bearing 39 Soft plug. 60 Hulled maize. 3S To yelp, acorns. 41 Morindin dye. 61 To extract. 39 Method. 22 Poorly. 43 Vampire. YFPTIC A L 40 To fawn. 24 To pull. 44 Distant. 42 To sway. 25 Like. 45 Company. 1 Hauls. 44 Lard. 26 Slash. 46 Wagon track. 2 Thought. 45 Gem weight. 27 Nimbuses. 4S To place. 3 Scarf. 47 Rootstock. 29 Northeast. 49 Wages. 4 Behold. 49 Paste. 30 Drunkard. 50 Cat’s foot. 5 To torture. 50 Dialect. 31 Member of 51 Thin nail. 6 Trust. 52 Not bright. V. S. upper 53 Collar. 7 Within. 54 To exist. House. 55 Uncommon. $ To bow. 55 Bird. 33 To dibble. 56 Certificate of 9 To redact. 57 3.1416. 34 Phantasy. indebtedness. 10 River in 59 Third note. 3“ TANARUS"" ■““"■"s"’’'! b""7"" e"" 9" io"" 1 " )4 !5* ®“ br Ist1 st _„J| 3I ™ S 47-42 51 p4 573 57 58 59 L_ lAv tfl 1 in n-IL- 1 i 1 ..r 1 1

WHEAT OPTIONS UP SHARPLY ON BULLISH NEWS Winter Crop Condition Is Lowest in 70 Years: Corn Drags. BV HAROLD E. RAIXVILLE United Press Staff Correspondent CHICAGO, April 11.—Sensationally bullish crop reports and higher cables gave wheat a 1 to 2% cents higher opening on the Board of Trade today. The government's report of winter wheat Monday was surprising even to a trade that expeated a bullish report. Shores covered hurriedly, and buying tlrrotigh commission houses was heavy. The buying wave swept over all pitts, but corn dragged somewhat and was % cent lower to % cent higher. Oats was % to L cent higher and rye shot up I' 4 to 1?* cents. Provisions also w'ere strong. Liverpool started sharply higher and advanced 1% cents by midafternoon. The government report indicated a total winter w'heat crop of 334,000,000 bushels against 462,000,000 bushels harvested last year. Condition at 59.4 per cent was the lowest reported in seventy years, and indicates a larger abandonment than anticipated. The government made no prediction on corn, but the strength in wheat was the chief factor. Cash demand remains good and prices are slightly higher. Wet weather has put oats planting ten days to two weeks behind normal in the chief growing area of Illinois and lowa, and this is giving futures more strength than the pit has show'n in some time. Chicago Primary Receipts —April 10— Wheat 1,203,000 Corn .t- 698,000 Oats 355,000 Chicago Futures Range —April 11— WHEAT— Prev. „ Hich. Low. 10:00 close. May 60 * a .59 ! .59'’a .58'4 July 61 .60*i .60% .59% September ... .62'* .61% .61V, .60% CORN— M: v 33 % .31*4 .32 1 i ,32 7 a Julv 35*8 .34 > 4 .34*8 35U September .. .37 .36'4 .36* .36*4 OATS—y*6V 21 .20% .20% ,20 s 8 Julv 21 % ,20% .21 .20* 8 September .. .21% .21 % .21% .21 >4 RYE— Mav .47 .46% .46% .45% Julv 47' 2 .47 .47 47% September .. .46'* .46 .46 45% BARLEY— Mav .32 .32 July 34U ,33 5 b .33*8 .33% CHICAGO CASH GRAIN By T tilled PrCSS CHICAGO, April 10.—Cash grain close: Wheat—No 2 hard vveevily. 57 %c; No 5 hard. 58©58%c. Corr No. 2 mixed old, 34%c: No. 3 mixed, 33%e; No. 5 old 32c No 2 yellow old, 34%r: No. 2 yellow old’ 34’ac: No. 2 yellow, 33*40;' No. 3 vellow. 33%©33%c. No. 4 yellow, 33©33%c; No. 3 white. 34%©34%c; No. 4 white, 34 4} 34%c; No. 5 white, 33c. Oats—No. 4 mixed 16' jc: No. 2 white. 21 'ir./22c: No. 3 white, 20v7 21c; No. 4 while. 17© 19%c: sample grade. !6%c. Rye-No sales. Bar'ey—33 7/ 45c. Timothy—s2*ls. Clover—s7(g9, By Timm Special CHICAGO. April 11.—Carlots: Wheat, 13; corn, 89: oats, 33: rye, 3. and barley, 30. TOLEDO CASH GRAIN By United Press TOLEDO. April 10. —Cash grain close: (Grain in elevators, transit billing-1. Wheat —No. 2 red. 66%©67%c: No. 1 red. 1 cent premium. Corn—No. 2 vellow, 39©40r Oats—No. 2 white. 254; 26c. Rye—No. 2. 514? 52c. Barley—No. 2. 3547 36c. 1 Track prices. 28 1 2C rate). Wheat—No. 2 red 6247 63c: No. 1 red. 6347 64c. Corn—No. 2 vellow. 354; 36' 7c: No. 3 vellow. 344? 34' c No. 4 vellow. 33*'TO3 1 :-c. Oats—No. 2 white 224/23'jc: No. 3 white. 21*24i23c. (Toledo seed close*. Clover—Cash. $6. Alsike— Cash. $6.20. iToledo Produce). Butter— Fancy creamery. 23c. Eggs—Extras, 11%® 12c. Hay—Timothy per cwt., 75c. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 54c for No. 2 soft wheat. Other grades on their merits.

j Indiaanpolis Cash Grain

—April 10— 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, were: Wheat—Firm: No. 1 red. 57©58c: No. 2 red. 56® 57c: No. 2 hard, 55® 56c. Corn—Firm; No. 3 white. 29®30c; No. 4 white. 28© 29c; No. 3 vellow. 27®28c: No .4 vellow. 28©27c: No. 3 mixed. 26@ 27c: No. 4 mixed. 25© 26c. Oats—Firm; No. 2 white. 18®18%c; No. 3 white. 17®17%c. Hav—Steadv: iF. o. b. countrv points taking 236 c or less rates to Cincinnati or Louisville). No. 1 timothy. $5.50®6: No. 2 timothy. $5®5.50. —lnspections W'heat—No. 2 red. 2 car: No. 1 mixed. 1 car. Total. 3 cars. C-rn— No. 1 white. 3 cars: No. 2 white. 12 cars: No. 3 white 9 cars; No. 4 white. 5 cars: No. 6 white. 1 car: No. 2 vellow. 1 car: No. .3 vellow. 20 cars: No. 4 vellow. 12 cars: No. 5 vellow. 2 cars; No. 6 vellow. 1 car: No. 3 mixed. 2 cars. Total. 68 cars. Oats—No. 2 white. 20 cars; No. 3 white. 26-cars: No. 4 white. 2 cars: sample white. 2 cars. Total. 50 cars.

THE INDIANAPOLIS TIMES

New York Stocks (By Thomson St McKinnon)

—April 11— Prev. Railroad*— High. Low. 11:00. close. A' ;r.:son 43% 43 43 43^ At. Coast Line 20 7 20 4 Bal' <v Ohio ... Id, 10 * 10 1 * 10 Cnesa er Ohio.. 28 5 28_ 28_ 28 cnesa Corp .... 18 17’, 17 7 , 18 C.iii Pac 8■ 8 • B', 8 2 Cm N West 3 ‘s 3 ‘, C. R I 4 P 21 ‘4 Del Li W 21*8 21S 21 5 . Del & Hudson.. sr 50 4 50 J 4 at. 4 Erie 8 Pfd S’* GitSf Northern.. B*4 B*2 B|a B'a Illinois Central.. 12 J s 12‘a 12‘a 12 ;♦ j L'.a A: Nash 31_ 30 J 4 30’s 30;, M. K St T 7 7 8 7', 7*, 7 2 ! Mo Pacific 1-a Mo Pacific pfd.. .. ... 22, 2 N Y Central ... 18 ! b 18 18 18 Nickel Plate 3 a : AY Nl* ec H.... 14U 14 14 13 5 j Nor Pacific . .. 13’, 13', 13', 13 5 i Norfolk at West.. .. ... ... 113 1 O ill W 10 9*4 9*4 ’ p. re Mara •*„ •m. ®; a I vama ... 4 1 * 4 iSu Pacific 15 5 14*4 14*4 14'a ; Southern * 6 ; ot Paul J .* 5. Paul pld .... ... ... 1 IN I an.on Pacific ... 61*4 66‘2 66' 2 60 , ! W Maryland 6 Equipments—j Am Car at Fay 9*. 9*i Am Locomotive.. .. ... 10’s 10 lAm Steel Fa .... B*, 8*4 B*s 8 Am Air Brake Sh 15 15 | Gen Am 'tank .. 19*4 19 5 s 19*< 19*8 General Elec .... 14*4 14 : ‘s 14 : ‘a 14 ;, 8 Gen Ry Signal 19' 2 19 Lima Loco ... 14* 2 N Y Air Brake it Poor eg Cos ... 2'2 ... Pullman . - 26 25*4 Wesungh Ar 8.. .. ... 17*i 17 7 a WesUiign Elec .. 28 26 7 , 26 7 8 27 5 Rubbers— Fires tone 11 10 7 g 11 10* 8 Goodrich s‘a 5*4 51,4 6*a Guoayear 17'a 17U 17*8 17-5 Keiiy Sprgfld i* B Lee RuDber ... s*, 5*4 U S Ruboer 4*4 4*a 4*4 4*B Motors— Aim urn 38’ 4 37* 4 37* 4 36 i Chrysler 12*8 12 1 12 1 12', General Motors.. 14'4 13 a 13 • b 13 5 Graham Paige 1* 4 l* 4 Hudson 4' b 4 4* a 3 5 Hupp 2 1 1 3 Mack 25W 25 25 25 Marmon ... ... 5 s Nash 13'a ll’a ll’s 13 5 Packard 2 l' 2 l 7 a Reo I*4 Sludebaker 2 2 xeuow Truck 3*4 3 7 s Motor Access— Beiidix Aviation 9 5 9' 2 9'2 9'2 Borg Warner ... 9% 9*s 9's 9!a Briggs 4 Buaa Wheel IL4 l's Eaton ... 4*2 El Auto Lite 14 13*4 13*4 13Vs El Storage iB) 26 Hayes Body .... 1 1 Houda 1% Motor Wheel 2'-k 2-a Murray 80dy.... .. ... 2'.2 2‘,2 Sparks W l’/s 1 l's 1 Stewart Warner 3‘b 3's Timken Roll ... 17*4 17*2 174 4 17 ; s Mining— Am Metals s*B 5 5 s*s Am Smelt 19V* 18*4 18 7 s 18: 4 Am Zinc ... 4’b 4'a Anaconda Cop... B'z 8 B‘s B‘t Alaska Jun ... 145 14*4 Cal & Hecla ... 2 7 s 2 7 s Cerro ae Pasco.. 12 11% 115 ll'a Dome Mines .... 14% 13"!8 13% 14*a Freeport Texas 23% 23 23 22% Granby Corp 6% 6% Great Nor Ore 6% 6% Fiov.e Sound .... 11 10% 11 10*4 Int Nickel ....... 9% 9% 9% 9 s Inspiration 3% 3% Lsl.Crk Coal.-. 16% Kennecott Cop.. 11* 4 11% 11*4 11% Magma Cop 7% Miami Copper. .. ... 32% Ncv Cons ... 19% Texas Gul Sul.. 21 20*4 21 20*4 U S Smelt 29*8 28% 28% 29% Oils— Amerada ... 25% 25 All Refining 16% 16% 16% 16*4 Barnsdall 4Vs 3% 4% 4 Houston ... ... 2% Sbd OH 19*4 19% Mid Conti ... 5% 5% Ohio Oil 6% 6% 6*4 6*4 Phillips 6% 6% Pure Oil ... .. 3% Shell Un 5 4 : % •Cons Oil 6 1 a 6 6 6% Skelly 3% Standard of Cal. 25% 24% 24% 24% Standard of N J. 28 27% 27% 28% Soc Vac 6% 6% 6*4 6*4 Texas Cos 13% 13% 13% 13% Union Oil 10*4 10% Stpels— Am Roll Mills .. 9% 9% 9% 9% Bethlehem 18 17% 17% 17*4 Byers AM 14% 13% 13% 14% Colo Fuel 6*B 6% 6*B 6*B Cruc Steel 13% 13% 13% 12% Inland ... ... 19% Ludlum 6*s 6% 6% 6 McKeepsort Tin. 57% 57% 57% 56% Midland ... 5% 5% Repub I & S 7 6% 6% 7 U S Steel 32*4 32% 32% 52% Vanadium 13% 13% 13% 13% Youngst S & W 4% Younst S & T ... 13 13 Tobaccos— Am Sumatra ... 9*4 9% 9*i 9% Am Tob IAI new .. ... 62 62 Am Tob 181 new 65 64% 64* s 64% Con Cigars 4% Lig & Myers B 64% 64% Lorillard 14% 14% 14% 14% Reynolds Tob ... 32 31*4 31% 31% Utilities— Adams Exp 4% 4% 4% 4% Am F'or Pwr.... 5% 5% 5L 5 Am Pwr & Li ... 5% 4% AT&T 95% 94% 94% 95% Col Gas & E 1..., 1211*4 11% ll), Com & Sou ... I*B i*g Cons Gas 45*4 44 7 a 44 7 a 44% El Pwr & Li.... 4% 4% 4% 4% Gen Gas (A) ... s a a 4 Inti T & T 7 6% 6% 6*4 Lou Gas & El 15 15 Natl Pwr & Li.. 9% 9% 9% 9% No Amer Cos 19% 19% 19% 19% Pac Gas & E 1... 22% 22% 22% 31% Pub Serv N J . 38% 37% 37% 37 So Cal Edison .... ... 19% 19 Std G & El 8% 8% 8% B'i United Corp 6* a 6 6% 6 Un Gas Imp 16% 15% 16 15% Ut Pwr & L A.. 2% 2% 2% 2% West Union 22 21% 21% 21% Shipping— Am Inti Corp.... 7% 7% 7*4 7% N Y Ship 7% 7% 7% 7*4 Inti Mer M pfd ... 2 United Fruit .... 35 34% 34% 34% Foods— Am Sugar 40*4 39 39% 39% Armour <A> ... 2% 2% Beechnut Pkg... 50% 50 50% 49 Cal Pkg 13% 13% 13% 13*8 Can Dry 11% 11% 11% 11% Childs Cos ... 3 Cora Cola 83 83 Cont Baking tA> 4% 4% Corn Prod 59 58% 58% 58% Crm Whea 27% 27 27% 27% Cudahy Pkg ... ... 27 Cuban Am Sug.. 6 4% 6 5 C.en Foods .... 27% 25% 25% 27% Grand Union 4*4 4*4 Jewel Tea 26 28 Kroger 21% 21 21 21% Nat Biscuit 39% 39% 39% 39% Natl Dairy 14% 14% 14% 14% Purity Bak 9% Pillsbury 15 14% Safeway St .... 37 36% 36% 36% Std Brands 17 16% 16% 16% Drugs— Coty Inc 3*B 3Vi 3% 3 Drug Inc 35% 35 35 35% Lambert Cos .... 25% 25 25% 24% Lehn & Fink ... 17* 8 Ills Industrials— Am Radiator .. 774 7*4 7% 7*4 Bush Term ... 1% ... Gen Asphalt ... ... 7 Otis Elev 12% 12% 12% 12% Indus Chems— Air Red 60% 60% 60% 60*4 Allied Chem .... 84% 83% 83% 85% Com Solv 14 7 s 14% 14% 14*4 Dupont 40% 39% 39% 40 Union Carb .... 25* 4 25 25 25% U S Ind Alco 25% 24% 24% 24% Retail Stores— Assoc Dry Gds ... 5% Kresge SS 7 7 May D Store 15% Mont Ward 14% 14 1 i 14*8 14*4 Penny J C 25% 24% 24% 25 Sears Roe 19% 19% 19% 19% Weolworth 28% 27*4 27*4 28 Amusements— Bruns Balke ... .. ... ... 4% Crosley Radio.. .. . ... 2% Eastman Kod... 54 53% 53% 53% Fox Film A 1 Grigsby Gru % % Loews Inc .. .. 12% 12 12% 12 Radio Corp 4% 4% 4% 4% R-K-O ... 1 % Warner Bros ... 1% 1% 1% 1% Miscellaneous— Congoleum .. .. 8% 8% 8% ... Proc & Gam 28% 29 Allis Chal 9% 9% 9% 9% Am Can 62 61% 61 * s 61 % J I Case 50% 49% 49*s 49*3 Cont Can 46% 45% 45*4 45% Curtiss Wr . ... I*4 1% Gillette SR... 13*8 12% 13% 12% Gold Dust 16% 15*4 15*4 15% Ir.t Harv 25% 24% 24% 24% Int Bus M 95% 95*4 *95*4 95% Real Silk 7% Un Arcft 23% 22% 22*4 22*4 Trans-America.. o*, 4% 4% 4% Owens Glass ... 44% 43% 43% 43%

Daily Price Index

B;i United Press NEW 7 YORK. Aoril 10—Dun & Brandstreet's daily weighted price index of 30 basic commodities, compiled ior the United Press--41930-1932 Average. 100) Today 75.25 Saturdav 74.78 Wees, ago 72.17 Y'ear ago 78 33 1933 high ' April 10) t 75.25 1933 low (Jan. 10' 67 86 iCpyright, 1933, by Dun a: Brandstreet, Inc.)

Liberty Bonds By United Press NEW YORK. April 10.—Closing Liberty bonds: Liberty 3 ! 2S '47 101 13 Liberty Ist 4’.s '47 102 9 Liberty 4th 4'-.s '3B 102 11 Treasury 4’-*s 52 108.8 Treasury 4s '54 104 22 Treasury 3%s 56 103 4 Treasury S’ss 47 1011 Treasury 3 3 ss 43 March 101.3 Treasury 3 J 9 s '43 June 101 l Treasury 3 ! s '49 A 98.18 Treasury 3s '55 .bstitUUiAfU. 86.18

CATTLE PRICES RISE 25 CENTS AT CITY YARDS Hogs Display Little Change in Steady Trading; Veals Off. Hogs were mostly steady this ; morning, prices little changed from j Monday’s average at the city yards, j The bulk, 160 to 300 pounds, sold for ! 53.70 to $3.75, with several small lots reported at $3.80. Weights of 300 pounds up brought $3.60 to $3.65; 120 to 160 pounds, $3.25 to $3.55. Receipts were estimated at 6,000. Holdovers were 123. All cattle classes were active, ranging strong.to 25 cents higher. Beef steers showed most of the advance. Receipts were 1,400. Vealers were 50 cents lower on best classes, selling at $5.50 down with a top of $6. Calf receipts were 700. Little was done in the sheep mar- | ket. Indications were around steady jor around $5.50 down. Receipts I numbered 800. Hog market at Chicago displayed strength with asking around 10 cents higher and several early bids strong to 5 cents above Monday’s average. The bulk of good to choice porkers weighing from 180 to 220 pounds was bid in at $3.75 to $3.80. Some classes showed only slight changes. Receipts were estimated at | 15,000, including 4.000 direct; holdI overs. 2.000. Cattle receipts were | 7.500; calves, 2.500; market strong. : Sheep receipt numbered 12,000; market around 25 cents higher. HOGS April Bulk. Top. Receipts. 4. $3,70® 3.75 53.80 6.500 5. 3.75® 3.80 3.85 5.000 6. 3.851; 3.90 3.95 4,500 7. 3.80@ 3 85 3.90 6,000 8. 3.80®. 3.85 3.90 2.000 10. 3.70®! 3.75 3.80 6.500 U. 3.70© 3.75 3.80 6.000 Market, steady, (140-160) Good and choice $ 3.45® 3.55 —Light Weights—-(l6o-180) Good and choice 3.75 (180-200) Good and choice 3.750 3.80 —Medium Weights—--1200-220) Good and choice... 3.75© 3.80 (220-250) Good and choice.... 3.75® 3.80 —Heavy Weights—• (250-290) Good and choice... 3.70® 3.75 (290-350) Good and choice... 3.60® 3.70 Packing Sows—(3so down) Good 3.15® 340 (350 udi Good 3.00'<; 3 25 (All weights) Medium 2.75© 3.15 —Slaughter Pigs—-(loo-190) Good and choice.... 3.15® 3.25 CATTLE Receipts. 1,400; market, steady. (150-1.100) “ Good and choice $ 5 00@ 675 Common and medium 3.25© 5 00 (1.100-1.500) Good and choice 4.25® 650 Medium 3.50® 4.25 —Heifers—• (550-750) Good and choice 4.50® 5 75 Common and medium 3.25© 4 50 (750-900) 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. 700; market, lower. Good and choice $ 5.00© 6.00 Medium 3.50*/ 5.00 Cull and common 2.00 U 3.50 —Calves—-(2so-500) Good and choice 4.00® 5.00 Common and medium 2 50© 4 00 .... ~ Fecder and Stocker Cattle—-(soo-8001 Good and choice 4 50 ® 5 75 (Soo-T'oso 1 ! — nd medlum 2.75© 4AO Good and choice 4.50® 5.75 Common and medium 2.75® 4,50 SHEEP AND LAMBS Receipts, 800; market, steady. —Lambs. Shorn Basis—■ J,• ?°' vn 1 Good & choice.s 5.00® 5.50 1 Ju-110 lbs.) Good and choice 4.50©) 500 (90 lbs. down) Com. & med.. 3.00® 5.00 _ , —Ewes— Good and choice 2.00® 3 00 Common and medium I.oo® 2^oo Other Livestock „ BY UNITED PRESS FT. WAYNE. April 11.—Hog market 10c lo V £ r; no 16 2' 20l) lbs ■ 53.70: 200-225 lbs rs 0 22 ?: 275 '^-6° ; 275-350 lbs. $3.50; 140-160 lbs.. $3,40; roughs. $3; stags $2calves. sa..->0: lambs. $5.25. Cattle—Market’ choice. 50©5.50: medium to good. $4.50 ;o: common to medium, S3©4heifers, good to choice. $4.50© 5; medium .0 eoou. s4© 4.50; common to medium $3 ©4: cows, good to choice. $3©3.50: medmm to good. $2.50®3: cutter cow's $1 75 ©2.25; canner cows, si© 150: bulls, good to choice. 53'(3.25; medium to good $2 50 bulls C °S3 25© 375 medium> S2 7 2.50; butcher "east ST.' LOUIS. 111.. April 11-Hogs—-?,fn ce !i pts ' 9 000 ' ‘deluding 200 through and 300 direct; market. s©ioc higher; pigs steady: tops. $3.70; bulk 160-300 lbs., $3 60 .■'/ 3 65: 140—150 lbs.. 53.25© 3.50: 100-130 a fe ' v at 53.10 :sows, f .ix® 3 - 25 - Cattle—Receipts, 2.500; colves. 1.500; market: steers steady to strong* other classes opened steady; scattered sales of steers. $4©5.65; mixed vearlings and heifers. $4.25© 5: cows. s2so® 3.25 ■ low cutters, $1.2501.75; top sausage bulls. vealers. $5.50. Sheep—Receipts, 3.000: market, few choice wooled lambs to city butchers steady at $5.75; packers talking lower. EAST BUFFALO, April 11.—Hogs—Receipts, 600: active; steady to 5 cent over Monday’s average; desirable 160 to 220 lbs.. $4.15; top. $4.20; plainer kinds downward to $4; few' 250 lbs.. $4.05; pigs and underweights slow. $3.75® 3.90. CattleReceipts, 125; mostly cows, steady; cutter gradps, $1.25®2. Calves—Receipts, 200 vealer trade very slow; better grades 50c lower: medium and lower grades off 50c to $1; good to choice. $6; common and medium. 53.50© 4.75. Sheep—Receipts. 100lambs. unchanged: good woolskins, $5.25©’ 5.50; similar kinds shorn lambs. $4.75© 4.85; few 40 to 60 lb., spring Jambs, s7® 8. mostly. $7.50® 8. PITTSBURGH. April 11.—Hogs—Receipts. 900; market, steady to 5c higher: 170-220 lbs.. $4.10© 4.20; 230-280 lbs., $3.90© 4.10: pigs. $3.25© 3.50; packing sows. S3© 3.25. Cattle—Receipts, 15; market unchanged; variable heavy steers quoted. 54.65©5; light weights up to $5.60; medium to good heifers. s4© 5: beef cows. s3© 3.50; common to medium bulls. $2.75©3.35; calves, receipts. 100: market steady; better grade vealers. Ss©6. Sheep—Receipts. 500; asking above $4.85 for best shorn lambs; ss© 5.50 for wool lambs; choice spring lambs quoted $7.50; better grade shorn wethers, s2.7a© 3. CLEVELAND, April 11.—Hogs—Receipts l.(00: holdover 39; steady to 10c highertop $4 paid snaringlv for 160-250 lbs sor’v others bid $3.90; with $3.80 offered for 260-300 lbs. kinds: pigs largely $3.50. Cattle Receipts, 300: slow about steady opening largely on cutter grade cows at around $1.50© 3.25: sausage bulls. $3 25 down: few’ common 925 lb. steers $4 60 calves, receipts. 700: weak to 50c' lower; bulk vealers $5 downwards; strictly choice quality scarce, in demand at 56.50: cull 1 to medium, S3© 5 Sheep—Receipts. 1,700 clipped lambs steady with Monday's close : spots 25c under extreme early sales, bulk So downward: cull to medium. S3® 4 50' CUU and Comffioa By Times Special LOUISVILLE, April 11 Cattle ceiots. 125: mostly steady; bulk common and medium stfers and heifers. 53.50© 4 50; besj lightweights eligible around $5 sobeef cows and bulls mostly S3 down: low -tock’.s. $4 ,50® 5. Calves—Receipts 250steady; good and choice vealers S4®4 50 ; medium and lower grades. $3 down. Hogs —Receipts 800; 5c higher: 175-240 ib? 53,10: 245295 lbs . $3.55; 3<w> lbs. up *3.15; 135-170 lbs.. S3 25; 130 lbs. down. $2 60sows $2 4o and stags. 51.50. Sheen—Receipts. 150: ir.ancet not established' indications about steadv: bulk old crop woolen lambs Monday. s4©s: sprinee rs , $7 l ? *8 Monday's receipts. 732 cattle: ,0.1 oa.-es: 2.012 hogs and 500 sheet Shmir-nts- ’36 cattle: 595 calves. 150 hogs and 412 sheen. SON BORN TO ACTRESS Louise Fazenda Gives Birth to Sixround Boy at Hollywood. By United Press 1 HOLLYWOOD. April 11.—A baby son weighing six pounds, thirteen' ounces was bom Monday to Louise Fazenda, screen comedienne. Miss i Fazenda is the wife of Hal Wallis, 1 film executive. Steel Mill Contracts Awarded By United Pr< ss HAMMOND, Ind.. April 11— Contracts for construction of anew cold roll strip mill here have been let by the Inland Steel Cos Machinery costing more than $300,000 will be used in the new mill.

Higher Wages , Inflation Needed , Durant Declares

Senate Asks Noted Writer for Opinions Regarding Business Ills. By Times Special NEW YORK. April 11.—Moderate inflation was recommended today by Will Durant, popularizer of philosophy, as a partial means of curj ing present economic ills. “Inflation seems unavoidable.” he , said, “if we are to reduce that burden of internal debt which is stifling trade and ruining our banks and investments.” He said the same thing, too, in a communication to the Senate committee on finance in response to its request that he—as he said—“speak his piece about the depression.” “The evils of inflation.” he predicted, “would probably be two. First, a temporary reduction in the purchasing power of wage earners and the recipients of fixed incomes. Second, the difficulty of controlling inflation. But the experience of France, Italy and England indicates that this fear has been exaggerated. “The advantages of inflation probably would be five. Would Raise Prices “First, to raise prices. Therefore to discourage hoarding, stimulate purchasing, and so aid employment. To encourage manufacturing and ease credits to manufacturers. To reduce the burden of internal debt. To protect what remains of our foreign trade from the competition of inflated currencies.” Dr. Durant also looked favorably upon reruralization the distribution of unemployed families on farms—and he spoke up for Reconstruction Finnace Corporation loans for building replacements of city slums. High taxes on inheritances, he believes, will help and so will tax exemptions from government securities. Employment, he said, can be encouraged by shortened working days, legal minimum wages rising with the price index, compulsory employment insurance and the establishment of employment agencies in all post offices. Remove Postal Limits The restoration of the credit system, he thinks, may be attained by “roioving the limits on postal savings, so offering a secure repository for the people’s funds.” The government might then borrow from the people, he pointed out, and pay 3 per cent. But national banks, he added, should be regulated as to investments, and the government should supervise the whole credit structure. International peace he called a necessity if times are to be improved and to further this he advocated tariff agreements with individual nations, reduction of intergovernmental debts, conditional recognition of Russia, permanent commissions to deal with war causes and a reduction of armaments. America does not need new foreign markets to insure a revival, he said. Instead, his recommendation was:— Federal Credits Favored “The establishment of a national economic council to give unity, order and self-control to industry, to bring about, by agreement, higher levels of remuneration, thereby to raise the purchasing power of the public and to rest the industry and prosperity of America not on the capture of foreign markets at the cost of war but on our own market of 126,000,000 people.” He asked for the legal recapture and retention of all mineral, fuel and power resources of the soil and government control of all major means of transportation. He is in favor, too, of government credits to agriculture and industrial co-opera-tives. Then he got to what he called “the reconstruction of democracy.” That, he said, may be achieved by the technical preparation for public office and through establishment of schools of government in the universities. “Democracy,” said he, “should be redefined as meaning not the equal right of all to hold office but the equal right and opportunity of all to make themselves fit to hold office.”

BUSINESS NEWS SUMMARY

Nash Motors Corporation omits quarterly dividend of 2a cents due at this timenfideeFeb'',2B'>,net loss am °unted a *l charges, against net 29° fi,t 932 f 5211,927 ln Quarter ended Feb. New York Central in February showed a net loss totaling $2,150,349 after all charges, against $147,721 in February, 1932. Continental Oil Companr in year ended Dee. 31, 1932, reported net loss at Sl.Ut,133 after all charges, against 812,945,575 in 1931. cefvirf rnationa !, Harvp stcr Company recened an order for twenty-two trucks York Lle^man Breweries of Brooklyn. New r^"r t w° i! Co s, m h anv of California de--25 cents h reßuiar Quarterly dividend of

CHICAGO STOCKS

(By Abbott. Hoppin & CO.l —April 10— . . . High Low. Close. Asbestos Mfg 2% 2% 9% Bendix Aviation 9% 9 gsBorg Warner 9% gt. |% Cent Pub Serv Class 'Ai . .. Chi & North 'Western.. 3% 33% Chicago Corp com 1% 1% 1% Chicago Corp pfd 13% 13% 13% Cities Service 2% 2% 2% Commonwealth Edison.. 56 55 55 Cord Corp 5% 5% 8 % Grigsbv-Grunow a, Libbv-McNeil 2% 2 2% Marshall Field 7% 7 7% Noblitt-Sparks Indu Inc 12 11 12 Public Service N P 24% 4 24 Quaker Oats g 5 Swift A- Cos 10% 10% 10% Swift International.... 17 16*4 17 U S Gypsum, com .... 23% 23 23% U S Radio & Tel 8% 8% 8% Walgreen Cos com 13% 13% 13% Ten per cent discount on all cash want ads placed at Times Want Ad Headquarters, 214 West Maryland street, just west of Capitol avenue.

AUTO LOANS—; m • and • ’ f lif kI LUj i SiONTH?TO A pAY $39-41 W. WASH. SI.

Will Durant

COBB MOVES UP IN FIRM TRADE Oil Shares Feature Day's Activity; All Sections Strong. By United Press NEW YORK. April 10.—Heavy demand for oil stocks and quiet support for leaders In other sections gave a strong tone to price movements on the Curb Exchange today. Humble Oil and Refining climbed 3% points to anew high for 1933 at 45%, while smaller gains were made in Gulf of Pennsylvania, Imperial Oil and Standard Oil of Kentucky. Buying interests also focused their attention on several special issues. Great Atlantic and Pacific Tea and A. O. Smith were carried up more than 4 points egch. Strong spots were noted among public utilities while demand for Cord and Ford Ltd., brought further buying into the motor group.

The City in Brief

WEDNESDAY EVENTS Kiwanis Club, luncheon. Columbia Club Lions Club, luncheon. Washington. Purdue Alumni Association, luncheon, Severin. American Legion. Twelfth district, luncheon. Board of Trade. League for the Hard of Rearing, meeting, 7:39 p. m , Stokes building. Apartment Owners Association, luncheon, Washington. Lambda Chi Alpha, luncheon. Washington. Spanish Club, dinner, 6:30 p. m., Washington. Associated Employers, dinner, 6:30 p. m.. Washington. Mrs. Fred Kinnan will be hostess for a benefit card party Thursday j night at her home, 829 South New i Jersey street. “Palestine and Her People in the I Light of History, Prophecy and I Present Events” will be the subject j of Dr. S. E. Long in .a talk to the i Bible Investigation Club at the central Y. M. C. A. Wednesday night. Rose H. Clarke, Y. M. C. A. physical director, will address members of the Advertising Club Wednesday noon at the Columbia Club as "Reserves.” The Garfield Park Municipal Players will present the play, “The Daughter of the Duke of Ballyhoo.” at the Central Y. M. C. A. Socialistic program at 7:30 p. m. Wednesday. “Indiana never will reach the point where the state obtains its revenue entirely from a nonproperty source,” G. W. Starr, director of the bureau of business research of Indiana university, declared In a lecture at the extension division of the university, Monday night. Sunday school night was observed Monday night in the revival being conducted at the First United Brethren church by Lou Hill, reformed gangster. A program was presented by the Musical Whites and the Sunday school orchestra of the church. Miss Emma May, reporter of the supreme and appellate courts, will be the speaker Wednesday night at the meeting of the Riverside Democratic Club at the Olympic Club, Pruitt street and Riverside drive. The Parent-Teacher Association of School 15, Beville avenue and East Michigan street, will meet at 2:30 Wednesday afternoon at the school. The Rev. F. R. Danes of the Zion Evangelical church will speak on “Character Building.” The vesper choir of Technical high school will sing. Marriage Licenses Earl C Hufford, 24. Lafavette, ch:ef clerk, and Ruby Thomas, 23, of 1135 East Southern avenue, stenographer. Frank W. Hoff. 47 Terre Haute, laundry otvner, and Elizabeth B Madden. 40. of 1010 North Pennsylvania street, bookkeeper. Merle C. Whalen. 21. of 854 South Tremont avenue, truck driver, ar.d Frances Mary Finchum, 18. of 877 South Collier street, housework. Norman Ralph Gardner. 23. of 2637 Burton avenue, truck driver, and Marjorie Aletha Henrv. 23. of 1037 West Thirtieth street, housework. Garnet’ Hill, 25. of 1201 Broadway, tree surgeon, and Elsie Ellett McNeff, '22. of 1310 College avenue, housework. Estill Bosley Oldham, 24 Louisville, service manager, and Anna Grant Shoemaker. 24. Washington hoteel, bookkeeper. Howard Renick. 25. Bloomington, insurance agent, and Irene F. Hart, 24. of 2014 North Dearborn street, stenographer. William W. Walker. 41 Madison. Ind., bus driver, and Flossie Keath, 41. R. R 9, Box 365. housework. Chester Paul Roan. 21. of 728 North New Jersey street, pressman, and Geneva Sanders. 21, of Maywood, inspector.

PAGE 13

BUSINESS TREND SHOWS STEADY UPWARDCLIMB U. S. Failures During Week Are Lowest Reported in 8 Years. General business trend during the last week displayed a steady upturn, according to Dun & Bradstreet’s weekly business review. The first worthwhile increase in wholesale commodity prices since last October was recorded, with gains ranging as high as .446 per cent, shown. Checking of the continuous lower trend was believed due to strength displayed in several food, clothing and metal groups. Daily commodity price index of thirty basic commodities reached the highest point of the year at 73 83. * This was 5.97 points above the low made in January. Failures Are Less Business failures in the United States during last week continued to decrease. The total was 437, against 610 a year ago and 549 m the corresponding week of 1931. Defaults during March held to the lowest margin since 1925, setting a new eight-year record. With steel trade on a restricted basis, recovery' in the industry is developing slowly, showing a slight improvement at approximately 15 per cent of capacity. Railroad buying remains around normal for various supplies. Backed by a diversified increase in new orders, steel ingot production in Chicago is around 14 per cent of capacity. Demand from practically all classes of consumers was considerably stronger during the last week. Activity prevailed in steel sheet and pig iron sales. Bottle Makers Busy Total bank clearings reported during the last week from all leading cities in the United States amounted to $4,246,521,000. This is a decrease of 24.0 per cent under that of a year ago. Largest reductions were reported from eastern and western sections. Activity in manufacturing centers has broadened rather sharply compared with a month ago. Several small bottle manufacturing com- ; panics are working night and day j shifts to supply the heavy demands for beer bottles. Production of bar glassware also is at a slightly nigher rate. RUNS 99 CENTS OVER Poor Relief Expenditures Almost Perfect With Trustee's Receipts. Only 99 cents more than total receipts of $2,056,779 were expended in 1932 for poor relief at the office of Miss Hannah Noone, Center township trustee, according to the audit of her accounts made by Berne Raquet and George W. McKenney, examiners for the state board of accounts. Expenditures in 1932 showed a large increase over the $697,762 figure for 1931, the examination covering both years. Births Girls Labe and Charlotte Coram, Coleman I hospital. Emerson and Margaret Glass, Coleman hospital. Carl and Marv Busenbark. 1550 Hoyt. Joseph and Estle Miller, 1472 Brookside. Howard and Cecile Quinn. 738 Elm. Boys Floyd and Alice Billington, Coleman hospital. John and Margaret Aleksa, Coleman hospital. John and Maxine Dugan, Coleman hospital. Delbert and Christine Like, Coleman ] hospital. i Harry and Alma Collins, 939 South New Jersey. Deaths Falsv Kellas, 52, city hospital, lobar i pneumonia. Louise Von Stan. 68. 305 Sanders. | chronic nephritis. Fredrick Lash. 66. 402 Forest, gangrene of leg Mary E Pitcher. 90, 2017 Central. broncho pneumonia Arlene Day. 1. Rilev hospital, accidental. Pearl Parish. 50. city hospital, arteriosclerosis. William B Butler. 56. Christian hospital, acute myocarditis. Isaac E Wilson, 71, 61 North Rural, | chronic mvocarditis. Joseph Scanlon. 25. St. Vincent s hospital. acute pancreatitis. Elizabeth Anderson. 74. 1029 South/ Belle Vieu. acute nephritis. Rose B. Graves. 53. 1323 East Eleventh, influenza. George W. Fox, 89, Methodist hospital, lobar pneumonia. Armanda A. Workman. 59, 1224 North Pershing, chronic cholecystitis. Lulu Brown. 27. 535 Agnes, pulmonary tuberculosis. Minnie E. Hankins. 74. 3213 Roosevelt, mitral insufficencv. Marv Kathrvn Hodapp, 67. 1070 Etigcne, chronic mvocarditis. Johanna Doerland. 60. Central Indiana hospital, chronic nephritis. In the Air Weather conditions at 9 a. m.: Northwest wind, 16 miles an hour; temperature, 41; barometric pressure, 29.92 at sea level; general condition, overcast, lower scattered clouds, hazy; ceiling, 1,000 feet; visibility, 3 miles. NEW YORK COFFEE FUTURES —April 10— RIO High. Low. Close. March 5 00 Mav 5.42 July 5.3(1 September ... 5 16 December ... 5.08 SANTOS March 7 17 May 8.01 7.95 8 01 Julv 7.6® September 7.38 7.35 7.38 December ... 7.23 CHICAGO FRUIT MARKET By United Press CHICAGO. April 11—Apples—Michigan Spies bushel. $1.25. Illinois Willow Twigs h-:-hel. 5143.1.25: Vmesaps bushel. sl3s® 1.50. NEW YORK RAW SUGAR FUTURES —April 10— High. Low Close. January 1 23 1.20 1.22 March 1 26 1 23 1.26 Mav 11l 1 09 1.11 July 1.18 1 16 1.16 September 1.20 1.17 1.18 December 1.19 1 19 1.19 Dies in Fall Off Train By United Press VINCENNES. Ind., April 11.—. Jasper M. Jackson, 44, Hanson. Ky., was killed near here today when he fell off a north bound C. & E. 1., freight train.

★ SINCE 1839 Fletcher American NATIONAL BANK Southeast Comr es Market end PenntylvanH We offer MASSACHUSETTS INVESTORS TRUST SHARES at Market. T. P. Burke & Cos. and Incorporated SUITE 222 CIRCLE TOWER _1 J’jaUNE JLUcjr 8538. Mm