Indianapolis Times, Volume 44, Number 303, Indianapolis, Marion County, 29 April 1933 Edition 02 — Page 8

PAGE 8

PORKERS RULE FIRM AS WEEK ENDS AT YARDS Vealers Move Up 50 Cents in Cattle Market; Sheep Dull. Hog prices ruled steady as the week closed at the Union Stockyards. The bulk, 160 to 300 pounds, sold for $3.80 to $3.85, with an early top of $3.90. Weights of 300 pounds up made the market at $3.70 to $3.75; 120 to 160 pounds, $3.40 to $3.70. Receipts were estimated at 3,000. Holdovers were 166. Cattle were nominally steady on receipts of 1,00. Vealers were 50 cents higher, selling at $5.50 down. Calf receipts were 150. No test of the market was made in sheep. Bulk of shippers sold late Friday at $5.50. Spring lambs brought from $9 down. Receipts today were 100. With practically no activity shown, hog prices at Chicago remained unchanged at Friday’s average. Bulk prices were undetermined with no bids in the early session. Only 10,000 porkers were estimated to be on hand, including 9,000 direct; holdovers 2,000. Cattle receipts numbered 100; calves 100; market steady. Sheep receipts were 4,000; market stationary. HOGS April. Bulk. Tod. Receipts. 22. $3.85® 3.90 $3,90 7.000 24. 3 80® 3.85 3 90 7.000 25. 3.80@ 3.85 3.90 7,500 26. 3 85 44 3 90 . 3 90 7.000 27. 3.75® 3 85 3.90 7.500 28. 3 801/1 3.90 3.90 8.500 29. 3.80® 3 85 3 90 3.000 Market, steady. (140-160) Good and choice....! 3.60® 3.70 —Light Weights—-(l6o-180) Good and choice.. 3.85 (180-200) Good and choice 3.85® 3.90 —Medium Weights—-(2oo-220) Good and choice.... 3.85® 3.90 (220-250) Good and choice... 3.85® 3.90 —Heavy Weights—-(2so-290) Good and choice.... 3.80® 3.85 (290-350) Good and choice.... 3.75® 3.80 —Packing Sows—(3so down) Good 3.35® 3.50 (All weights) medium 3.25® 3.40 (All weights) medium 3.00® 3.25 —Slaughter Pigs—-(llo-190) Good and choice... 3.25® 3.40 CATTI.E Receipts. 100: market, steady. (150-1.100) Good and choice $ 5.00® 6.75 Common and medium 3.25® 5.00 (1.100-1.5001-Good and choice 4.25® 6.50 Medium 3.50® 4.25 —Heifers—-(sso-7501 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 excludedi Good (beefl 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts. 150: market, higher. Good and choice $ 5 00® 5.50 Medium 3.50® 5.00 Cull and common 2.00® 3.60 —Calves—-(2so-5001 Good and choice 3.50® 4.50 Common and medium 2.00® 3.50 —Reeder and Stocker Cattler—-(soo-8001 Good and choice 4 50® 5.75 Common and medium 2.75® 4.50 <BOO-1.050) Good and choice 4.50® 5.75 Common and medium 2.75® 4.50 SHEEP AND LAMBS Receipts. 100: market, steady. —Lambs. Shorn Basis—(so lbs. down) Good & Choices 5.25® 5.75 (90-110 lbs.) Good and choice 4.50® 5.25 (90 lbs. down) Com. & mcd. 3.00® 5.90 Soring lambs 7.50® 9.00 —Ewes— Good and choice 2.00® 2.75 Common and medium 1.000 2.00 Other Livestock BY UNITED PRESS CHICAGO. April 29—Hogs—Receipts, 10,000. including 9,000 direct; slow, most bids and a few sales weak to 10c lower than Friday; compared with week ago. market steady to 10c lower; odd lots all weights, $3.65®3 80; top. $3.80 bid; most packing sows, [email protected]; shippers 200; holdovers 2,000. Cattle —Recaapts, 100; compared with close last week, fed steers and yearlings 15®40c higher; mostly 25c up on active trade; closing session week's high time; light heifer and mixed yearlings. 25® 50c higher, fat cows. 10@15c higher, and cutters 15® 25c higher; bulls, 10® 15c up, vealers about steady; largely steer and yearling run with medium weights and weighty offerings in very liberal supply; extreme top yearlings. $7.10; best weighty steers. $6.15: medium weight. $6 25; choice 1,600 lbs.. $5 25; bulk lightweight. steers and yearlings. $4.25® 6: weighty offerings. $4.75®5.50; best light heifers, $5.50; common and medium grade light steers very active and advance, selling at s4®4 50. Sheep—Receipts. 4.000: todays market 25®.50c higher; better grade woled lambs showing maximum advance; best between wool and clipped lambs tended to widen at closing; bulk closing prices follow: Good to choice wooled lambs scaling below 95 lbs.. $5.65® 5.85; ewes, $6; good weights option; weeks top, $6.15; highest since early March; clipped lambs. $505.40; nothing strictly choice offered; shorn throw-outs. $4®4.50; clipped ewes. $2 @2.75; best native spring lambs. s6<g7. EAST ST. LOUIS. 111.. April 29.—Hogs— Receipts. 4,000; market mostly 5c higher: sows steady; pigs and light lights weak; top. $3.75: bulk. 170-270 lbs.. $3 7003.75; 150-160 lbs., $3.25(03 65; 100-140 lbs.. $2.65 (03 15: sows. $3 2003.35. Market with week ago. mostly 10c lower and sows steady Cattle—Receipts. 200; calves. 75; sheep. 50. FORT WAYNE. Ind . April 29.—Hoc market, steady; 160-200 lbs $3.85; 200-225 lbs.. $3 80; 225-275 lbs 53.75. 275-351) lbs.. S3 75: 140-160 lbs . 53.55: 100-140 lbs.. S3 25; rouehs. $2.75; stags. $1.75: calves. $5.50: lambs. $5.25. Cattle—Market, steers, good to choice. $5-05.50; medium to good $4.50® 5: common to medium. S3O 4, heifers, good t ochotce. $4.5005; medium to good. S4fi 4.50. common to medium. S3O 4; cows, good to choice. $3®3.50: medium to good. $2.50 (53: cutter cows $1.7502 25: canner cows. $10150: bulls, good to choice. S3® 3.25; medium to good. $2.5003; common to medium. $2 3 2.50: butcher bulls. 53.250 3 75. EAST BUFFALO, N Y . April 29.—Hogs —Receipts, 500; market at standstill, scattered bids around 10c lower; steadyprices asked, desirable 170 to 240 lbs.. $4 35. Cattle —Receipts. 100; for week steer and yearling trade weak to 15c lower, but late sales steady to higher; quality only fair; good offerings, $5 50® 6; fat rough 1,350-lb. steers. $5. bulk medium to good all weights, $4.7505.50; medium yearlings. $5 60; weighty heifers. $4.75; fat cows. $2 7533.25; cutter grades, $15002 25; medium bulls. $2 75 03.10. Calves—Receipts, 50; vealer supply moderate; trade draggy during week; good to choice. $5 05 50; top at low time. Sd; common and medium. $304 25. Sheep Receipts. 100; lambs. 25c to 35c higher for week; dependable outlet; good to choice clippers, 93 lbs . down. $5.50® 5.80; closing bulk. $5 75; few 110 lbs. $5 25: woolskins. $5 7536 25; medium clippers. ss® 5 25; few native springers. $7.50® 8 50; mainlv $8 i 8.50: aged wethers shorn, $2.6032 90: shorn ewes, $31.75 0 2.50. LAFAYETTE. Ind.. April 29.—Hogs— Steady 170-250 lbs. S3. <03.75. 250-325 lbs.. $3.60)13.65. 150-170 lbs. $3 50. 100150 lbs.. S3 1003 30: roughs. C3 down, top calves, $4.50; top lambs. $5. if;/ Times Special LOUISVILLE. April 29 —Cattle—Receipts. 75: market compared close last week, fully steady on all classes, weeks bulk common and medium steers and heifer.. $3 75 0 4 75: better finished kinds $505.50; bulk beef cows. $2 5003: practical top. $3 25: lowcutters and cutters. 51.253 2.25: closing bulk bulls. $3 down: most light western Stockers. $4-i5 Calves—Receipts. 150: steady or mostly $3.50 down: market mostly 50c lower for week. Hogs—Receipts. 400; steady 175-240 lbs 53.60: 245-295 lbs. $3.4*: 300 lbs. UD. $3 05: 135170 lbs.. S3 05 130 lbs. down. $2 40: sows. $2 35 stags $140: market. 5--ilsc lower for week Sheet) —Receipts. 250; Saturday's market steady; unchang- <i for week: closing bulk better grade springers. $7: several decks choice closely sorted: rail lambs $7 50 bucks, out at $1 discount: bulk old croo lambs. s4®s: fat ew-es. $1 i 2. Frida vs receipts. 178 cattle 185 calves. 1.113 hees and 576 sheep. Fridavs shipments—s3 cattle 560 hogs and 510 sheep Plumbing Permits E E. Tavlor. 1913 Union, nine fixtures. J. S. Stone 1821 Arrow, two fixtures. C. C Schntder. 3608 East Washington, one fixture. Dick Bardv. 419 South Grace, four fixtures Kreteh Bros 2125 West Morris, two fixtures. Roland M Cotton Cos.. 430 South Christian. two fixtures C. A Johnson. 540 East Thirty-second. two fixtures. INDIANAPOLIS WAGON WHEAT City grain elevator* paying 83c lot No. 2 soft wheat. Other grades on then ► aMilta.

New .York Stocks ’*Bv Thomson At McKinnon

A few errors will be found in the high and low quotations on the stocks in this list. The closing quotations are correct. Unusual volume of the day’s transactions kept the high speed tickers behind the market and complete range was not available at press time. —April 29 Prev. Railroads— High. Low. Close. cloi>e. Atchison dO 48 49% 47 3 Ati Coast Line.. 29'a 27 1 2 29 - j 27 Balt & Ohio 13 % 120 13‘ 120 Chesa & Ohio.. 32 310 32 310 Chesa Corp 20% 20 0 200 19 0 Can Pac 110 110 11 0 11 Chi Grt West 32% 3 20 Chi N West si, 5 50i 4% C. R I & P 4% 40 4 0 4 Del L & W 260 240 26 240 Del & Hudson.. 59% 570 590 57 Erie 60 6 60 ... Erie Ist pfd.... 7% 70 70 ... Great Northern.. 150 140 15V• 140 Illinois Central.. .. 1 16 Kan City So 100 Lou & Nash.... 380 370 380 370 M. K & T 100 10 100 90 Mo Pacific 2 Mo Pacific pfd.. 3% 314 30 20 N Y Central 240 23 240 22 0 Nickel Plate 30 NY NH & H... 170 160 170 160 Nor Pacific 19 170 19 170 Norfolk & West 137 O & W 100 Pennsylfania ... 210 20 210 20 Reading . 310 Seaboard Air L ... ... 0 So Pacific 20 180 190 180 Southern Ry ... 120 110 120 114 St Paul 10 1 3 4 10 10 St Paul pfd .... 20 20 20 20 St L & S F ... 1 Union Pacific ... 78 730 76 720 W Maryland ... 70 70 70 7-0 West Pacific ... 10 Equipments— Am Car & Fdy.. 140 130 140 130 Am Locomotive.. 140 14 140 130 Am Steel Fd ... 11 lOV2 11 100 Gen Am Tank.. 231-2 22 0 23 0 22 0 General Elec ... 190 18 190 170 Gen Ry Signal.. 25 24 0 240 23 0 Lima Loco 60 160 Press Stl Car IV2 ... Pullman 340 320 340 310 Westingh Ar B. 21 ‘/2 20 210 ... Westingh Elec.. 350 33 350 320 Rubbers— Firestone 170 160 170 150 Goodrich 90 80 90 80 Goodyear 280 260 28 0 260 Kelly Sprgfld ... 20 20 20 20 Lee Rubber 8 70 8 70 U S Rubber .... 80 80 80 70 Motors— Auburn 460 45 0 46 0 44% Chrysler 170 16% 170 16 General Motors. 21 190 21 190 Graham-Paige... 2 10 2 10 Hudson 70 60 70 50 Hupp 30 30 30 5 Mack 290 280 280 28 Marmon 0 0 0 0 Nash 160 16 160 150 Packard 30 20 30 20 Reo 4040 412 4 Vs Studebaker 30 30 30 3% Yellow Truck ... 4040 4040 Motor Access— Bendix Aviation. 130 120 130 12 Borg Warner ... 110 11 110 10% Briggs 60 50 60 5% Budd Wheel ... 10 10 Campbell Wy ... 40 30 40 ... Eaton 80 8 80 70 El Auto Lite 19 180 180 170 El Storage B 33 0 32 Vs Hayes Body 10 ... Houda 20 20 20 20 Motor Wheel 4Vs 30 40 30 Murray Body ... 30 30 30 30 Sparks W 10 10 10 l*/ 4 Stewart Warner. 50 40 50 40 Timkin Roll 24 0 23 1 2 24 0 23 0 Mining— Am Metals 12 110 110 11 Am Smelt 31 29 0 31 28 0 Am Zinc 50 5 50 40 Anaconda Cop .. 120 110 120 110 Alaska Jun 16 150 16 150 Cal & Hecla .... 40 4 40 4 Cerro de Pasco. 220 220 220 21% Dome Mines ... 17% 160 16% 160 Freeport Texas. 280 280 280 28 Granbv Corp ... 90 9% 90 9 Great Nor Ore.. 9 80 9 8% Homestake Min 190's 180 180 186 Howe Sound 16% 15Vi Int Nickel ....... 140 13% 14V* 13*4 Inspiration 4% 4% 4% 4% Kennecott Cop.. 16% 16 160 150 Magma Con 120 110 120 11V 4 Nev Cons 8% 8 BVi 70 Noranda 24% 230 237s 2374 Texas Gul Sul.. 257 4 24% 24% 24 U S Smelt 42 41% -42 40% Oils— Amerada 29 28 29 28 Atl Refining... 180 170 18 17 Barnsdall 50 40 50 50 Houston 4 3*s 3% 3 s , a Indian Refining 2 Sbd Oil 27 26% 27 260 Mid Conti 70 60 70 60 Ohio Oil 80 80 8% 70 Phillips B'/a 8 80 70 Pure Oil 404% Richfield ... 2 Roval Dutch ... 23 0 22 % 230 210 Shell Un 60 6 60 50 Simms Pt 7 60 Cons Oil 70 70 70 60 Skelly 4% 4% 40 4*a Standard of Cal 30 0 29 0 30 0 29 0 Standard of N J 34% 34 340 330 Soc Vac 100 100 100 9*s Texas Cos 160 150 16 150 Union Oil 120 120 127s 12% Steels— Am Roll Mills.. 14% 13 14% 120 Bethlehem 25 0 24 0 25 0 23% Bvers A M 170 160 170 150 Colo Fuel 80 70 80 70 Cruc Steel 17 16 17 150 Inland 26Vi 240 250 220 Ludlum B*s 8 8% 70 McKeesport Tin 740 72 740 70 Midland 9% 8% 9% 80 Newton 50 40 5 4 Repub I & 5.... 120 110 120 100 U S Steel 460 44% 46% 43 Vanadium 170 16% 170 16 Youngst S&W 8 60 Youngst S & T.. 20% 18 0 20 17% Tobaccos— Am Sumatra.... 10% 90 100 90 Am Tob (A) new 74 720 74 71% Am Tob (B) new 820 760 810 75 Con Cigars ... 6 Lig A- Mvers (Bi 800 780 800 78 Lorillard 190 180 190 180 Reynolds Tob... 39 37% 39 37% Utilities— Adams Exp 70 60 7 60 Am For Pwr.... 9% 90 90 80 Am Pwr & Li.... 70 7 70 60 AT&T 100 960 100 95% Col Gas & El 150 140 150 14 Com & Sou 10 1% 1% 1% Cons Gas 480 470 48 47 El Pwr & Li.... 70 60 70 60 Gen Gas (A) 0 0 % 0 Inti TANARUS& T 110 11 110 100 Lott Gas & El 160 160 Natl Pwr & Li.. 110 100 110 10% No Amer Cos 22% 21 22 0 200 Pac Gas & E 1.... 24 230 24 23% Pub Serv N J 400 390 40% 38% So Cal Edison.. 19% 190 19% 18V, Std G & El 110 10*s 110 100 United Corp 7% 7% 7% 70 Un Gas Imp 17% 160 17% 160 Ut Pwr & L A 30 30 West Union .... 37 0 33 0 370- 32% Shipping— Am Inti Corp.... 10% 9*B 10% 9% N Y Ship 60 5% 60 s*B United Fruit .... 46% 44 46 430 Foods— Am Sugar 51 9% 50% 48% Armour <A) .... 3% 30 3% 3% Beechnut Pkg.. . 59% 58 59 0 57 Cal Pkg 18 16% 18 16*a Can Dry 11 100 11 100 Coca Cola 80% 79 0 800 79 Cont Baking A.. 6% 50 6% 5 Corn Prod 72 0 70 % 72% 68% Crrn Wheat .... 30 290 30 29% Cudahy Pkg .... 38 35% 38 35 Cuban Am Sug... 7% 7% 70 6% Gen Foods 31 Grand Union ... 7% 6% 7% 60 Hershev 54 53% 54 50% Jewel Tea 320 Kroger 28% 23% 280 26% Nat Biscuit .... 47% 46% 47% 45% Natl Dairy 17% 17% 17% 16% Purity Bak ... 13% Pillsbury 18 17% 18 170 Safeway St 46 450 46 44 Std Brands 19% 19 19 180 Drugs— Coty Inc 30 3% 30 30 Drug Inc 42% 41% 42% 400 Lambert Cos 310 29% 310 29% Lehn & Fink 180 18 Industrials— Am Radiator .. 9*B 9 90 9 Bush Term 2 Certainteed .. •• 10 Gen Asphalt ... 100 100 100 9% Otis Elev 15 14% 140 140 Ulen l*s 10 10 ... Indus Chem: — Air Red 66 64 0 66 64% Al’ied Chem ... 93 89% 93 840 Com Solv 170 16% 170 16*8 Du Pont 53 0 48 0 53 % 480 Union Carb .... 34 32 33 • 31% U S Ind Alco ... 28% 270 28% 260 Retail Stores— Assoc Drv Gds. . 90 80- 9% 6_ C.imbel Bros .... 20 2% 2% 1% Kresge S S 9% 9% 9*4 9 Mav D Store ... 21 20% 21 19 Mont Ward 22% 19% 220 19% Penny J C 34-0 330 340 33 0 Sears Roe 24 0 23 % 240 22% Woolworth 34% Amusements— Crosley Radio .. 6 5% 5% 5% Eastman Kod ... 65 63 65 62 Fox Film A 2 1% 2 10 Grigsbv Gru 1 1% Loews Inc 150 15% 150 14% Param Fam 5% Radio Corp .... 6% 6 6% 2 R-K-O 2% Warner Bros ... 2% 2% 2% ... Miscellaneous— Citv Ice & Fu... 120 12 120 12 Congoleum 11% 11% 110 11 Proc & Gam 36% Allis Chal 12 11 11% 10% Am Can 840- 75% 80% 740 J I Case 57 0 54 57 0 53 0 Cont Can 55 0 53 % 55 53 Curtiss Wr 2% 2 2% 2 Gillette SR 12 11*. 110 11% Gold Dust 190- 180 190 18’ 4 Int Harv 32*, 29-0 32*. 29 Int Bi-.' M . ..11l 1090 111 107 i Real Silk 10 90 90 90 jUn Arrft .... 27 0 26-0 270 26*, j Transamerica .. 5% 50 5% 5% Owens Glass . 54 50 0 53 0 49 0 Hoosier Loses Life in Fall RIVERHEAD. N. J.. April 29.—H. J. Sparks, 25, structural steel worker of South Bend. Ind., was killed in a fall from the municipal water tower here Friday. He was working inside the standpipe when he lost his lootjhg and fell 100 feet.

HEAVY BUYING BOOSTS PRICES OF ALL GRAINS Wheat Leads Other Cereals Up on Strength of Bullish News. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, April 29.—An outburst of inflation buying swept grain prices up radically on the Board of Trade today, wheat reaching anew high for the season and closing with a net 5Vi cents to 5% cents advance over the previous finish. Corn, oats, rye and barley rose sharply higher in the general buying which followed passage of the farm relief-inflation bill. July, May and December wheat touched new 1933 highs. Short covering was in much evidence and all grains showed a strong undertone throughout the session. Winnipeg and Liverpool joined in the advance, also feeling the optimism of traders in American marts over inflation plans. At the close wheat was up 5 Vi to 5% cents, corn rose 2Vi to 3Vi cents, oats advanced from 1% to I 7 * cents, rye went up 4 Vi to 4 Vi cents and barley rose from 2% to 3% cents; provisions shared in the advance. Cash grain prices on wheat were 2 to 3 cents higher and cash oats rose Vi to 1 cent with heavy shippings sales of 128,000 bushels. Chicago Primary Receipts —April 29Wheat 751,000 Corn 1,120,000 Oats 422,000 Chicago Futures Range —April 29WHEAT— Prev. „ Open. High. Low. Close, close. May 67% .71 .67 0 .70% .65% July 69 .72 .68 .71% .66y g Sept 690 .730 .690 .72% .66% Dec 71 .740 .71 .74% .69 CORN— May 35 .36% .330 .35% .320 July 37% .39 0 .360 .380 .350 Sept 39% .400 .38% .40 0 . 37% Dec 410 .42% .400 .410 .380 OATS— May 23% .24 0 .230 .24% .22% July 23 3 4 .24% .23% .24% .22% Sept 230 .25 .230 .240 .230 RYE— May 48 .48 .46 .48 .430 July 470 .480 . 460 .480 .44% Sept 48% .490 .470 .49% .45 RApT ITV May 33% .330 .320 .330 .310 July 37 .370 .36 .37 .34% Sept 380 .39 .380 .38 .35% LARD— May 5 35 5.55 5.35 5.55 5.20 July 5.60 5.72 5.47 5.70 5.30 Sept 5.62 5.85 5.60 5.85 5.42 Oct 5.65 5.87 5.60 5.87 5.47 Nov 5.77 5.87 5.77 5.87 5.50 Dec 5.60 5.70 5.60 5.70 5.37 BELLIES - Mav 6.25 6.32 6.25 6.32 6.12 July 6.47 6 47 6.45 6.45 6.37 CHICAGO CASH GRAIN By United Brest CHICAGO. April 29. —Cash grain close: Wheat—No. 2 hard. 69 3 ic. orn—No. 2 mixed. 350 c; No. 3 mixed. 35%®350c; No. 4 mixed. 35c: No. 2 yellow. 36@36%c: No. 2 yellow, old. 360®37%c: No. 3 yellow. 340® 350 c: No .4 yellow. 34%@35c; No. 5 yellow. 33%@34%c: No. 3 white. 360® 360 c: sample grade. 270 @35 oc. Oats—No. 2 white. 25®250c: No. 3 white. 24®240c: No. 4 white. 230@23%c. Rve— No sales. Bariev —38®59c. Timothy—s2.2s @2.60; clover. s7®lo. ash provisions— Lard. $5.55; loose. $4.95: leaf. $4.87. By Times Special CHICAGO. April 29—Carlots: Wheat. 22: corn. 178: oats. 23: rve. 2. and barlev. 48.

Indianapolis Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shippoing point, basis 410. New York rates were: Wheat—Strong; No. 1 red. 69®70c: No. 2 red. 68@69c: No. 2 hard. 67® 68c. Corn—Strong; No. 3 white. 32®33c: No. 4 white. 31®>32c: No. 3 yellow. 30®31c: No. 4 yellow. 29W30c: No. 3 mixed. 29@30c: No. 4 mixed. 28®29c. Oats—Strong: No. 2 white. 21@22c: No. 3 white. 200®210C. BANK PROBE NEARING END, SAYS WILSON Personal Investigation to Be Concluded Next Week. Personal investigation by Prosecutor Herbert E. Wilson of records of the defunct State Savings and Trust Company and its receivership has reached the half-way stage, Wilson said today. He announced that Mrs. Ida Broo, accountant, who audited the records, will be summoned into conference the first of the week for further questioning. “I have examined nearly half of the information supplied to me by Judge Earl R. Cox, and my investigation will be conducted next week,” Wilson said. He declined tc comment on any findings to date or whether the records would be placed before the grand jury.

HORIZONTAL Answer to Previous Puzzle 15 Fertile spot til 1 What country .|a'DIO'PITI lAlvlA'Ll IC'AT'sI „ * d®sertannounced a roi I O RAMI Apor 22T0 become F R E Ie SS u> mnß g S™ Chaco? t i-i | |VI 'L Ljh 51 25 Sea eagles. 7 What powerful IF L country lost IE A.HBWBI Ui-BB (BBR I[A estates and large slices of Iwj IjG AIBfAKTA> lAINCIY sources of interritory be- E_NT iRj I Icj . come in India, cause of the R I P 28 Dwells. World War? ARiBUTIU SIKMiEIDI I ATE 29 Unsuited. 13 Smell. G AlSlPl |a|l P EIN 30 Mountain mint 14 Waste matter. Alwltig . OWE*SI Id'elEM'S 32 x--16 Wands. , . . ' ‘ 34 Wing. 17 To measure. . ® peak> incident. 36 Signified. 15 To rent. 42 Puts up a VERTICAL 3S Layer. 19 Frosts as a poker stake - 1 Shelled. 39 Anguish, cake. 43 At the present 2 Poem. 41 Roman urban 20 Relieves. time. 3 Quantity. official. 21 To rub out. 45 Type of grass. 4 Wrath. 44 To shrink. 26 Iniquity. 46 Compact. 5 Unoccupied. 46 To surfeit 27 Plea of being 4S Body of land. 6 Regions. 47 Profound, elsewhere. 52 To make 7 Acquiesce®. 49 Perched. 31 To entertain. amends. 8 Employs. 50 Kindled. 33 Relating to 53 Kanarese sect. 9 Three (prefix). 51 Prophet who vital strength. 56 Spike. 10 Fabulous trained 35 Turned out. 57 Widow's right. mythical bird. SamueL 37 Serfs. 5S Heathen god. 11 Fish. 53 Twice. 3S Diminished. 59 Dressed. 12 To set free 54 Stir. 10 Inability to 60 Separate from liability. 55 Weight sr- — I 1 r 3o 3T" ;ilpir===^liil= ±±fe’iiitl-=== - , ——X ————.— s .

THE INDIANAPOLIS TIMES' r

INDIANA STOCKS AND BONDS

The following quotations do not represent actual bias on offerings, but merely 1 indicate the approximate market level based on buying and selling inquiries or j recent transactions. —April 29 STOCKS Bid. Ask. ! Belt Rail & Stock Yards com.. 22 27 Belt Rail 6c Stock Yds ptd 6% 45 50 ' Central Ind Power pfd '(%.... 6 9 : Citizens Gas com 12 16 | Citizens Gas Cos pfd 5% 60 65 Home T & T Ft Wayne pfd 7.. 35 40 ina & Mich Elec Cos of a 7%., 62 66 lna Gen Service Cos pfd 6%.. 60 64 Ind Hydro Elec Cos pfd 70... 22 27 Indpls Gas Cos com 40 45 Indpls Pwr & Lt Cos pfd 6% 41 45 Ir.dDls Water Cos pfd 50 85 90 Indpls Pwr & Lt Cos pfa 60% 49 53 No Ind Pub Ser Cos pfd 50%.. 21 25 No Ind Pub Ser Cos pfd 6% .. 24 28 No Ind Pub Ser Cos pfd 7% 26 30 Public Serv Cos of Ind pfd 6% 9 13 Public Serv Cos of Ind pfa 7% 23 33 South Ind Gas & El Cos pfd 6% 49 54 Terre Haute Elec pfd 6% 37 44 BONDS Citizens Gas Cos 5s 1942 75 80 Home T & T W 50s 1955 93 0 97 0 Home T & T Ft W 6s 1943 94 0 98 0 Indpls Gas Cos 5s 1952 64 68 Indpls Rys Inc 5s 1967 22 0 27 ‘/a Indpls Water Cos 40s 1940.... 940 990 Indpls Water Cos 5s 1952 94 99 Indpls Water Cos 5s 1960 88 0 92 0 Indpls Water Cos 5s 1970 880 920 Indpls Water Cos 50s 1953... 95 0 100 0 Indpls Water Cos 50s 1954 .... 950 1000 Kokomo Water Works 5s 1958. 68 73 Lafayette Tel Cos 5s 1957 81 85 Muncie Water Works 5s 1939.. 90 95 Richmond Water Works 5s 1957 80 85 Terre Haute Water Wk 5s 1956 78 83 Terre Haute Wat Wk 6s 1949. 90 95 Traction Terminal Cos 5s 1957 40 44 Joint Stock Land Banks Bid. Ask. Atlanta 5% 35 39 Atlantic 5% 44 48 Burlington 5% 31 35 California 5% 51 55 •Chicago 5% 19 22 Dallas 5% 49 0 53 0 Denver 5% 49 53 Des Moines 5%' 40 44 First Carolina 5% 33 37 First Ft. Wavne 5% 47 51 First Montgomery 5% 33 37 First New' Orleans 5% 36 0 40 0 First Texas 5% 43 47 First Tr Chicago 5% 470 510 Fletcher 5% 64 69 Fremont 5% 42 46 Greenbrier 5 d 58 62 Greensboro Sd 40 0 440 Illinois Monticello 5% 56 61 Illinois-Miriwest 5% 40 44 Indianapolis 5% 72 76 lowa 5% 50 54 Kentucky Sd 57 0 61 0 Lafayette 5% .1 45 50 Lincoln 5% .... 440 480 Louisville Sd A 50 0 540 Maryland-Virginla 5% 60 65 Mississippi 5% 41 45 New York 5% 45 49 North Carolina 5% 38 42 Oregon Washington 5% 34 38 Pacific Portland Sd 41 45 Pacific Salt Lake 5% 43 0 470 Pacific San Francisco 5% 43 0 470 Pennsylvania 54 58 Phoenix 5% 620 660 Potomac Sd 45 49 •St. Louis Sd 17 20 Son Antonio 5% 50 54 •Southern Minnesota Sd ... 1* 17. Southwest 5% 370 410 Tennessee 5% 42 45 Union Detroit Sd ..... 43 47 Union Louisville 5% 51 54 Virginia Carolina 5% 43 47 Virginian 5% 48 52 •Flat.

Net Changes

By United Press NEW YORK, April 29—Closing prices and net changes on principal issues traded today on the New York Stock Exchange: Up. Allied Chemical 93 50 American Can 800 5% American Smelting 31 2% American T & T 100 4 % Atchison 49% 2% Case 570 4 Cons Gas . 48 1 Du Pont 530 40 N Y Central 24% 20 Public Service 40% 2 Sears Roebuck 24 0 2 0 Standard Oil N J 34% 1 Union Carbide 33% 2% Union Pacific 76 3% United Air 270 1 0 U S Steel 46% 3% Western Union 370 4% Westinghouse Elec 35% 30 Woolworth 350 1%

GUARD OFFICER IS GIVEN ‘PEN 1 TERM Year at Leavenworth Is Penalty for Young. Lieutenant Colonel Rober tT. Young, former disbursing officer of the Indiana national guard, was sentenced today to a term of one year in the federal prison at Leavenworth, Kan., by Federal Judge Robert C. Baltzell, on a plea of guilty to embezzling funds. Young was among twenty-two persons of the sixty-two indicted by the recent federal grand jury who were arraigned today. Os the twen-ty-two, pleas of guilty were entered by eighteen and the remainder pleaded not guilty. Among other Indianapolis persons sentenced were Charles R. McQuaid, 1515 College avenu,e narcotic law violation, prison term of one year; Wilbur J. Kirk, liquor law violation, six months; George Dion, ninetey days, liquor, and Vira E. Beeman, former letter carrier, one year in prison, for theft of money from mail. Pulling out spikes when railroad tracks are removed now is easy work with anew machine operated by a gasoline engine.

STOCKS GAIN 1 TO 5 POINTS IN FASTTRADING Senate Inflation Passage Whirls Issues to High Levels of Year.

Average Stock Prices

Average of thirty industrials for Friday. high 73.34. low 69.78. last 73.10. up 1.39. Average of twenty rails 31.02. 29.71. 30.78. up 1 43. Average of twenty utilities 23.93. 22.79. 23.75. up .15. Average of forty bonds 76.45. up .25. (Continued from Page One) around 37 for a gain of more than 4 points. Allied Chemical was up more than 3 points; American Tobacco B more than 4 points, and Eastman Kodak. 2 points. 41*’ Railroads Join Rise Railroads joined the rise in the late trading after a momentary setback when it was learned car loadings for the week ended April 22 had declined about 1,200 cars from the preceding week. Union Pacific was carried to 76 up 5% points. Utilities were in demand along with the other groups. Silver shares joined silver futures on the upside. Coppers rallied sharply on firmer prices for the metal; alcohol, rubber, food, and mercantile Issues were strong and active. Bonds were mixed. United States government issues sold off on fears any new issues such as those provided in the farm bill rider would dilute values. French and other foreign issues were higher. Domestic railroad issues were buoyant. High grade bonds declined. Telephone Reaches 100 American Telephone reached 100 in the last few minutes and closed there for a gain of 4% for the day. It was the first time this issue touched par since early in February. Its high for the year, made in January, was 109% and its 1933 low, 86%. Dow-Jones preliminary averages were: Industrial 77.67, up 4.57 points, anew 1933 high; railroad 32.37, up 1.50, anew 1933 high, and utility 25.08, up 1.35. Aggregate market value of ten leading issues was $6,157,131,470, against $5,791,930,265 Friday, a rise Os $355,201,205.

Bank Clearings

INDIANAPOLIS STATEMENT —April 29Clearings $1,567,000.00 Debits 5.908,000.00 Clearings for week 8.179.000.00 Debits for week 22.434.000.00 Clearings for month 34.158.000.00 Debits for month 96.380.000.00 TREASURY STATEMENT —April 29 Net balance for April 27. .. .$280,330,113.88 Expenditures 8,893.162.92 Customs rects.. mo. to date.. 15.593.499.22 Liberty Bonds By United Press NEW YORK, April 29.—Closing Liberty bonds: Liberty 30s '47 100.29 Liberty Ist 4%s '47 101.28 Liberty 4th 4%s '3B 102.12 Treasury 4%s '52 107.9 Treasury 4s '54 103.26 Treasury 3%s '56 101.26 Treasury 3%s '47 100.2 Treasury 3%s ’43 (March) 100.1 Treasury 3%s ’43 (June) 100.12 Treasury 30s '49 97.9 Treasury 3s '55 ' 95.30 New York Curb (Bv Thomson & McKinnon) —April 29 — Close.: Close. Alum Cos of Am 600 Humble Oil ... 54% Am Cvnamid... 9 jMt Prod 30 Am G & Elec.. 25 Nat Bellas Hess 1% Am Lt & Trac 13 I Nat Inves 20 Am Super Pwr 3%(Nat Aviation... 8% Ark Gas A .... 10(Newmont Min.. 30% Ass G & Elec.. l%!Nia Hud Pwr.. 10% Can Marconi... l%}Niles 8% Cent Sts Elec.. 2%iPenroad 1% Cities Service.. 2%i St Regis Paper.. 20 Cons G of Bit 470 Salt Creek 4% Comm Erison... 56% Sel Indus 1% Cord 901 So Penn Oil ... 14% Deer & Cos 170! Std of Ind 24% Elec Bnd & Sh 17% Std of Ohio 18 Gen Aviation.. 6%:Stutz 13% Ford of Can... 60' Tr Air Trans... 5 Ford of Eng... 4 (United Gas (nw) 1% Gt A & P 165 Un Lt & Pwr A 3% Gulf Oil 370! Un Verde 30 Hudson Bay.., 3%!Ut Pwr 1% New York Bank Stocks (By Thomson & McKinnon) —April 29 _ , Bid. Ask. Bankers 56% 57% Central Hanover 124 127 Chase National 25 26 Chemical 35% 36% National Citv 29% 30% Corn Exchange 54 56 First National 1,340 1.380 Guaranty 274 278 Irving 17% 180 Manhattan & Cos 200 21 % New York Trust 84 87

Produce Markets

Delivered In IndlanaDolis orlces: Hens, heavv breeds over 4Vi lbs. 10c: Leghorns. 8c Broilers: Colored Sorineers. 2to 2V lbs.. 17c: lVi to 2 lbs., 14c: Springs (Leghorn) IV 2 lbs. ud. 13c: Barebacks. 7c: Cox and stags. 6c: Leghorn cov and Leghorn stags. sc. Ducks, large white full feathered and fat,: over 4 lbs.. 7c: small and colored. sc. Geese, full feathered and fat. sc. Young Guineas. 20c: old Guineas. 15c. Eggs—No. 1 fresh country run eggs. 10c: Juliet eggs. 6c. Each full egg case must weigh 55 lbs. gross: a deduction of 10c Der lb. for each lb. under 55 lbs. eross will be made. Butterfat. 16c: No. 1 butter. 214522 c. These prices are for healthy stock free from feed, no sick poultry accepted. Quoted bv the Wadley Company. BY UNITED PRESS CHICAGO. April 29.—Egg market, steady: receipts. 41.339 cases: extra firsts. 13 1 4 , @13 1 2c: firsts. 12 1 2'513 i jc: current receipts. 12Vic: dirties. 11 Vic. ButterMarket. steady: receipts. 11.504 tubs: specials. 21?21'ic: extras. 20 1 2C: extra firsts. 20Hc: firsts. 19 3 4?20c: standards. 21c; 88 score. 19 3 4c: 89 score. 20 l ic. Poultry'— Market, mostly steady: receipts. 7 trucks: fowls. ll? 12 ! 2 c; springers. 14'? 16c; Leghorns. 11 1 ic: ducks. 10?13'2c: geese. 8c; turkeys. 12? 15c: roosters. 7> 2 c: broilers. 20c: stags. 11c. Cheese—Twins. 12>i? 12'2C: Longhorns. 12?12 3 4C. PotatoesOn track. 250: arrivals. 83: shipments. 675: market, old stock supplies liberal: trading slow: market, weak: Wisconsin sacked round whites. 67 , 2?72 1 2c: unclassified, 62’ 2 c: Idaho sacked Russets. $1.30?1.55: new stock supplies moderate: trading slow: market, dull; Texas sacked Bliss Triumphs. 1 car fine aualitv. *2.35: U. S. No. 1. l’i inch minimum. sl.lO. PLYMOUTH. Wis.. April 29—Wisconsin cheese exchange; single Daisies. 11c. Farmers Call Board: Longhorns, llVic: single Dairies. 11 Uc; Young Americas, HUc; Twins. 11c. y NEW YORK. April 29.—Potatoes—Dull; southern. $1.50?3.75 per bushel: Maine. sl?2 per barrel: Idaho. $1.75452 per sack; Bermuia, $5? 6 per barrel; Canada. $1 50? 160 per barrel. Sweet potatoes—Easy; Jersey basket. 40c?51.75; southern basket, 40c? $1.25. Flour—Dull: springs, patents. $4.50? 4.85 per sack. Pork—Firm; mess. $17.75 per barrel. Lard—Firmer: middle west spot. $4.65?4.75 per 100 lbs. Petroleum—Steady: New York refined. 17c; crude Pennsylvania. 97c?5147 per barrel. Grease—Easy: brown. 2 3 ?2'c per pound: yellow. 2 3 4?2 , s per pounds: white. 2 7 ? 3 J sc per pound. Tallow—Easy; special to extra. 3?3’sc per pound. Common hides —lnactive. Hides—City packer, quiet; native steers. 8c; butt brands. 7 3 4 C: Colorado. 7’ 2 c. Dressed poultry—Steady; turkeys. 13?23c: chickens. 14?22c; broilers. 15? 27c: capons. 16?26c; fowls. 8?17c; Long Island cocks. 13c. Live poultry— Steady; geese. 8c: turkevs. 8? 16c: roosters, 9c: ducks. 9? 17c: fowls. 13? 14c: canons 13?26c: broilers. 12?26c. Cheese—Firm; state whole milk fancy to specials. 19? 20c: Young America. 13>j?14c Butter—Market weaker: creamery, higher- extras. 21 3 4 ? 22‘ = c: extra. 92 score. 21' : c: firsts 90 to 91 score. 2in?2l'ic. Eggs—Market, easier: special packs, including unusual hennery selections. 15*4? 17c: standards, firsts. 14 , 4@14'.2c; seconds. 13UQ 13 3 c. CHICAGO FRUIT MARKET By United Pres* CHICAGO. Anril 29.—Fruit quotations: AoDles—lllinois Twigs $191.15: Winesaps. $1.40? 1.50: starks. $1.35: Michigan Spies. $1.3561.35.

- THIS CURIOUS WORLD -

..... auo. "ft. oldi wnm t/jj CONDORS

All the present-day type of old English sheepdogs have descended from a tailless freak of that breed that was born many years ago. From that time on, only those dogs born with a natural

Employment Security to Go With Price Inflation

Return of Gold Standard Predicted by Butler Professor. Leading countries of the world eventually will return to the gold standard, Professor Merwyn G. Bridenstine, Butler university economics and business administration department, forecast to members of the Indianapolis Federation of Community Civic Clubs Friday night. “The gold standard is a good thing,” he said. “With all its weaknesses, it is the best medium of exchange devised thus far. It eliminates uncertainty and creates confidence, both at home and abroad.” Bridenstine, with the assumption that this nation’s abandonment of the gold standard will result in price rises, listed some probable results of the abandonment: Employment More Secure The wage earner will find his real wages decreased because his money will buy less goods, but with higher prices and improved business conditions, he will be more secure in his employment and unemployment may be decreased. Manufacturers will find their profits increased, unless rising costs keep up with price increases. The farmer will receive more money for his wheat, cattle and other products, but will find the things he must buy require more dollars. However, he will find it takes fewer bushels of wheat to pay his debts. Creditors, such as bond and mortgage holders, will find the purchasing power of their principal has decreased, but they will find more of their debtors able to pay off loans. Hoarding Not Profitable Hoarders will find it profitable to get their money out of hiding, where its value is declining, and into property which is increasing in value, in relation to the dollar. Bridenstine explained that most creditors really will not be affected so adversely, in reality, cause most of them made their loans in prosperous times when prices were high and the money loaned would buy less than it would buy now. He pointed out that American manufacturers and exports have been at a disadvantage since 1931 because England and- other countries have been off the gold standard, permitting the foreign exporter to get more money for his produce by selling it abroad than he would by selling it at home because of the decline in value of his money. One of the disadvantages of this nation in recent months, he said, has been that some prices declined and others did not. The farmer has been getting 40 cents for his wheat and buying farm machinery at 1929 prices, he added. The professor gave a history of the gold standard, pointing out the United States has been on the gold standard continuously since 1834 until this month, with the exception of the Civil war period. Marriage Licenses Paul O. Barrett, 31. of 2906 Central avenue. weather bureau observer, and Helen Elizabeth Stephenson. 24. of 2202 Broadwav. Victor W. Wilson. 24. of 1238 Brookside avenue, real silk hosiery mills, and Mary Eugenia Cones, 22. of 1310 Tabor street. Edward W. Brown. 19. of 2710 Burton avenue, truck driver, and Virginia Edna Hutton. 17, of 2715 Burton avenue, housekeeper. Prank H. Luse. 28. Reynolds, school teacher, and Belle Irelan, 29. of 337 Campbell avenue, school teacher. Births Bovs Ralph and Margaret Morgan, 2972 North Chester. George and Carolyn Harris, Community hospital. Earl and Lora Butner, 1045 South State. Girls RoLert and Clara Dietrick, Methodist hospital. Donald and Lenora McNaulty, 1859 Holloway. Robert and Edna Aichorn. 915 Berwyn. Roy and Arthur Rlngler, 1309 South Sheffield. Clyde and Elizabeth Harlow, 1138 Reisner. Fred and Violet Jaynes. 1506 East Seventeenth. Deaths Mary Schaffner, 89. 867 North Drexel, cerebral hemorrhage. Mary Kellehan, 72, 211 North Harding, arteriosclerosis. William H. Tucker, 72. St. Vincent's hospital, peritonitis. Juretta Alice Roberts. 72. 1108 North Tecumseh. chronic myocarditis. Sarah Jane Hendrix. 82. 2636 Sutherland, mvocarditis. James Van Natta. 80. 3227 Park, chronic myocarditis. Ralph Dyer. 54, 508 Arbor, lobar pneumonia. Flora Althemier. 85. St. Vincent’s hospital. hypostatic pneumonia. Mary B CaldweTl. 62. 858 East Wyoming, chronic myocarditis. Anna D. Adams. 34. St. Vincent's hospital, peritonitis. Charles F. Young. 78, city hospital, nephritis. Fannie M. English. 48. 2012 English, chronic parenchymatous nephritis. Emma V. Snyder. 76. 427 North DeQulncy, chronic myocarditis.

bob were kept for breeding purposes, and a race of tailless dogs is the result. Next—What pigmies weight around 500 pounds each

The City in Brief

Last benefit card partty and dance of the season will be given by the Kingan Athletic Asssociation Saturday night hi its hall at Blackford and Maryland streets. Dan Bowman and Edwin Riegal are in charge. The Civic League will meet at 8 Monday night at the Sutherland church. “Wool,” a three-act play written by Gertrude De Munbrun, 419% East Twenty-second street, will be given by the Playcrafters at the Central Christian church, Delaware and Walnut streets, May 5. The dramatic club has produced five one-act plays this season before church and Leisure Hour club audiences. “Jimmy Be Careful,” three-act comedy, will be presented May 4 and 5 at the Washington Street Presbyterian church by the “Presbytainers.” Clifford L. Harrod, president of the Indianapolis Power and Light Company, will be the speaker Tuesday noon at the weekly luncheon of the Rotary club at the Claypool. Smoker of the Young Democrats’ Club wil be held at 8 Monday night at the Claypool. Depression policies and selection of the city for the 1934 annual meeting of the National Education Association were discussed this afternoon at a meeting of the executive committee of the superintendents’ department at the Indianapolis Athletic Club. E. E. Isaac, a graduate of De Pauw university, has been appointed residence secretary of the Central Y. M. C. A., 310 North Illinois street, according to an announcement today by Edgar H. Evans, president of the local Y. M. C. A. Garfield Daramatic club will give a dance tonight in the Garfield community house. Sixty-five sons of veterans of the Spanish-American war organized Lawton camp of the S. A. R. Friday night at a meeting at Ft. Friendly, 512 North Illinois street. Officers were elected.

In the Cotton Markets

NEW YORK . —April 29 January 8.31 8 08 8 81 March 8 48 8 26 8.48 Mav 7.75 7.57 7.55 July 7 90 7 67 7.87 October 8 13 7.90 8.13 December 8.26 8 02 8 23 NEW ORLEANS January 8.25 8 09 8.29 March 8 39 8 26 8.39 May 7.71 7.52 7.71 July 7.85 7.62 7.83 October 8.08 7.84 8.08 December 8 25 7.93 8.24 NEBRASKA VOTES BEER House of Representatives Gives Final Approval to Measure. By United Press LINCOLN, Neb., April 29.—The house of representatives, by a vote of 69 to 12, today gave final approval to a measure legalizing 3.2 beer in Nebrask, and sent it to Governor Charles W. Bryan. Governor Bryan was expected to permit the measure to become law in three months without his signature.

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/APRIL 1 29, 1933

‘CHANGE FIGHT ON INCOMPLETE REPORTSOPENS Allied Chemical First to Fee! Effects of New Ruling. BY ALBERT K. ETTLINGER Times Special Writer NEW YORK. April 29 —Warfare that had been smoldering in the shadow for more than a year between the Stock Exchange and corporations which do not furnish stockholders with sufficient and complete information in their financial statements broke out into the open this week when the Exchange threw down the gauntlet to the Allied Chemical and Dye Corporation. America's gigantic chemical combine, with total assets of more than $400,000,000. A showdown is imminent next Wednesday, when an opportunity will be given officials of the company to present their case before the governing committee of the Exchange. If the Exchange so desires and deems it necessary in conformity with a policy adopted nearly two years ago, it may play its trump card and only weapon—removal of the corporation's stock issues from the list. Bluntly—more so than at any time in its history—the Stock Exchange has met the issue with unusual force, and the decision, Wall Street believed today, rests entirely in the hands of Orlando F. Weber, president of Allied Chemical, and his board of directors. Action Is New On many occasions the Stock Exchange has suspended or removed from dealings various securities, but such action was never taken or even threatened for failure to provide shareholders with the full information to which it believes each stockholder is entitled. With the Allied Chemical case, it is thought, the Exchange had definitely decided to come out into the open against companies whose re- ! ports do not include specific data in ! connection with each published item. Its action recalls the statements made by Richard Whitney, president, some time ago in Philadelphia. Whitney at that time went on record as follows: ’’Let me say definitely that hereafter, when the committee on stock list is advised and has determined that a corporation is employing a method which, in its opinion, is unsound or is violating an important agreement with the Exchange, it will report the facts to the governing committee and will request that committee to give public notice that, unless the above is promptly remedied, the stock of the corporation will be stricken from the list." Whitney declared further that stockholders will be given an adequate opportunity to compel the management to change the objectionable practice before the stock is stricken from ■ the list, and, if a proper change is promptly made, the security may remain upon the Exchange. Stockholders Ignored The “abuse” in Allied Chemical's case centers around the corporation’s balance sheet. When the 1932 report of the company was presented to stockholders at the annual meeting about a week ago, stockholders sought in vain for complete information in connection with certain items, especially the nature of investments carried at $92,404,341. Stockholders also requested that the corporation furnish a more detailed income account. The objectors, who included James W. Gerard, former ambassador to Germany, were told there would be no change. The committee on the stock list of the exchange has been pressing Allied Chemical for more than a year in the matter at issue. The special report of the committee, issued Wednesday, showed that correspondence was exchanged with the company on March 22, June 23, July 7 and Aug. 23, last, year, and that replies to inquiries were made by the corporation, On March 26 last, Frank Altschul, chairman of the committee on the stock list, addressed a final and lengthy communication to Orlando Weber, head of the company. -That Altschul’s efforts proved fruitless is indicated by the closing paragraph in the committtee’3 special report in which he says: “In view of the foregoing correspondence and the press statements referred to, the committtee on stock list is forced to the conclusion that further discussion with the corporation will prove unavailing, and, therefore, reports the matter to the governing committee for such action as it may deem appropriate m the circumstances.” In the Air Weather conditions at 9 a. m.: South wind, 12 miles an hour; temperature, 70; barometric pressure, 29.94 at sea level; general conditions, high broken clouds, lower scattered; ceiling, unlimited; visibility, 10 miles. We BUY and SELL U. S. Government Bonds Federal Lnm] Hank Bond* Joint Stork Land Hank Bond* T. P. Burke & Cos. Incorporated SUITE rti CIRCLE TOWER PHONE Rllev 8536