Indianapolis Times, Volume 45, Number 257, Indianapolis, Marion County, 7 March 1934 — Page 13

MARCH 7, 19*>4-

Wall Street

Roosevelt's First Year Brings Many Important Changes —Net Results Should Be Encouraging. BY RALPH HENDERSHOT

Tim** Special Financial Writer It hardly seems a year since President Roosevelt took office, yet the calendar tells us that such is the case. The rapid passage of time perhaps can be accounted for largely by the speed with which changes were made in the economic structure of the country and by the dispossession of despondency by anew hope that things are going to come out right, after all. Os all the changes which have been wrought, two stand out above the others, in the opinion of your correspondent. One is the change which has taken place in the manner of public thinking and the altera-

tion in the views now held of the relationship which should exist between big business and the general public. The other is the huge mass of facts which have been placed at the dispossal of our legislators. When Mr. Roasevelt took office the general attitude of the public was that each man was his own keeper, and that progress could be made only by application of the law of the survival of the fittest. Relatively few took cognizance of the fact that the industrialization which had taken place in this country and the specialization which had gone on in industrial training had made a host of capable and willing workers entirely dependent upon the whims of the business cycle. ana “New Deal” Spirit Has Spread The spirit of the ‘ new deal” has spread in a tremendous fashion during the last year. Corporations and large institutions, which had been all-powerful and self-sufficient, were made to realize that they

ji

Ralph Hendershot

owed a distinct responsibility to the public. The banks, for instance, were made to understand they must provide protection for their accounts, the security underwriters were taught they must afford greater safety for the stocks and bonds they offered for sale, and the stock exchanges were brought fare to face with the realization that they must protect the outsiders as well as the insiders. Corporations were brought under the influence of codes of fair business practice. The aim, of course, was not necessarily to make it more difficult to do business, but rather to make it less passible to conduct business in such a fashion as would make it more difficult for others. Instead of permitting contestants to engage in street brawls, as had been their custom, the idea was to force them to get in the ring and fight according to specified rules. But the thought behind it all was to protect the weak against the strong, and it is strikingly important that the rank and file has come to agree with the policy if not entirely with the practical results. ana a a a Legislators Cramming Business Facts When Mr. Roosevelt took office our Washington legislators were poorlv equipped to make laws which would be fair and at the same time beneficial to business. Mast of them knew little or nothing about business, having never come into contact with it. For a year they have been cramming on business facts and practices, General Johnson having placed more data before them than they could possibly absorb, and the senate committee bringing to their attention practices they never dreamed existed. They received such a jolt by all of this, and became so incensed that such things could happen that the reaction of the legislators was to im mod lately place laws on the books which would immediately correct everything But while in such a mood they are likely to go much too far in their legislation. The fact that intelligent business laws will be possible once they have cooled off a bit should afford encouragement to even those who are so fearful at the present time.

New York Stocks )Bv Abbott. Hoppin Sc Cos i

March 7 Prev. Oils— High. Low. 10 30. close. Amerada ... ... 48', AH Rfg 31 3 4 3i' 2 Barnsdai! ... . 8 3 Consol Oil 13' 4 12 7 Cont of Del 18 7 s 18*4 Houston tnemi.. .. ... ... 4’ 4 Houston told' . . .. ... ... 2.i'j Mid Cont ret 12'* ll* Ohio Oil ... . .. ... ... 12'* Phillips Pet ... 17 1 2 17>4 Pure Oil 13 12 7 Hoval Dutc.i ... ... 38', Sbd Oil 3.5' 4 35'j Simms Pet ... ... 10'- 10 Skelle.v Oil 10*4 Soc Vac 17 : 's 17*4 S O of Cjl 38', 38 3 *33 3 33 J S O Os N J 46'a 46 46 46’a Texas Corp . . . . 26-' 26 3 4 Tidewater Assn ll'a 11 3 Un Oil of Cal .... ... ... 18'4 Steels— Am Roll Mills . . 25 25 Beth Stee. 45*4 45 3 45 3 4 4d' 4 Bvers AM 27 3 4 Cruc Ste"l 34 34U 33' 33 Ludlum Steel ... ... 17 1 * 17*4 Natl 7 Steel 51> 2 51 Rep I <5: St! 23 7 a 23' 4 23 3 4 23>, Rep I A Stl p.d 64 i: S Smelt . . 126 126' 4 Vanadium 28 27U 28 2i'2 Shell Un ... 10 3 4 10 a U S Pipe A- F.v ... 28 3 28 , ' U S Steel 55*2 55 r 4 55*2 5j U S Steel pfd ... 92 92>a Youngstn S<v i -j' 29*8 29* 29*4 Kails— Atchison ... ... 66'2 Atl Cst Line ... . 48 BSc O id's 30's 30'a 30', Cad Pac ... 16 3 a 16'4 Ch A- Ohio 44 3 4 Chi A Gt W <'4 C M & St P 6*4 6* 6*a 6 7 8 C M & St P pid. ... .. 10 3 Chi N W 13'4 13*8 13*4 13'b Chi R Isl s'a Chi R 1 7 r r p*. ? 3 Dels A; Hud ... ... . S'*’2 Erie . . 22 21 Grt Northern pf .. ... ... 28 111 Central ... ... 33*a 33’2 Lou A- Nash 5o Mo Pac ... 4 7 b a Mo Pac pfd ... 7 3 s N Y Cent ... 38 37'4 N Y Chi A Si l 23 7 8 22 3 4 22 7 a 22 N Y C A St L pf . 30'2 N Y New Haven. .. ... 19 3 s 19'< N Y Ont A Wei. . ... 10 3 4 ... Norfolk A Wes.. .. . ... 175 Nor Pac .. 31331,0 1 , 30*4 30' 2 Penn R R ... 35', 35 3 s Reading .. 28*4 28'a 28'a Sou Pac ... ... 28'2 Sou R R 31'4 Sou R R pf.. 36 Union Par .. ... ... 128' 4 Wabash . . ... 4'4 ... West Maryl 15‘4 Motors — Auburn .. 55 7 a 55 3 t 55 3 s 55‘ 2 Chrysler ...... j 5 55S 55 ! 2 55'e Gen Motors "S’. 38 38'4 38 Graham Mot ... ... 4 Hudson . • ■ . • 20 Hupp 5 3 4 5 7 8 Mack Truck . L6 3 a 26'4 26' t 35'2 Nash ... ... 36 3 4 Packard ... 5*4 5 7 * Reo 5 Studebaker 7’a 7 3 4 Yellow Truck 6'* Motor Arress— Bendix 19's 19*4 19' a 19 7 8 Bohn Alum . 60*4 60'8 Borg Warner ... ... 25's 25 s * Briggs ... 16 15 3 8 Budd Wheel ... 4>, 4'a Eaton Mfg 20'. 20 s Elec Asilo li e 23 3 4 29V 29 3 s 29 3 Houd A .. 6 Mullins Mfg 13 12\ Murrav Bodv ... 19'a 10 Stew Warner .. 9't 9'a Timken Ral . .. 36 7 8 36 3 8 Mining— Alaska Jun . . 21 20 3 4 20 3 4 20 s , Am Smelt 45' = 45 45', 45', Anaconda . .. ... 15 V 15*8 Cal A- Hecla 5V Cerro dt Pasco . .. .1. .. 36 Granbv . .. ... 10 3 11 Homestake Min.. .. ... 347 347 Howe Sound ... 48 48 Int Nickel . , . 24 7 8 24V Kennerot* Cop IP 3 ,19 V 19V 20'-b Neranda Cop ... 38 Phelps Podge ... ... 17 Tobacco,— Am Snuff ... ... 55', Am Tobacco A ... ... 71 Am Tobacco B .. ... 73 Llgg A- Mvers B 88 Lorriilard ... ... 17*2 17' 2 Reynolds Tob B .. ... ... 42 Equipments— Allis Chalmers . .. 19 7 8 Am Loco ... ... 36 Am Mach A Fdv .. ... ... 17 Am Steel Fdv 22 22 Bald Loco 13*8 13 V Burroughs ... 17' 17V Case J I 75V 74', Cater Tract .. ... ... 30'a Colgat Palm Peet .. ... 16 7 * 16 T 8 Corgoleum . ... . 28', Foster Wb-ele- 19'a 19 Ger. Am Tk Car 41V 41V Gen Elec 32 21V Gen R R Sig ... 44V 44 Ingso! Rand ... .. 68 I t Harves er 3 7 ', 42'b 42V 42 Kehinator 19 7 a 19V 19V I*4 Natl Cash R-g ... 20 20V Proc A Oam’vf 38 38 Pullman I~c ... 56 55V Simmons Fed ... 20V Cnd Elliot ... 45V West Air F ... 31V 32V Westingh Elec ... 40V 39V Worthington Pm .. ... ... 26V Utilities— Am A For Pwr 10V 10V Am Power A Lit ... 9V 9V A T A T ... 121 V 121 Am Wat Wks 20V 20V 20V 20V Col Gas A Fee ... 15V 15*, Col O A E pfd ... ... 72 I Com A Sou .. 2V 2V Consol Ga<- 30*4 39V 39’* 39*4 Elec Pwr A Lit 7V 7V 7'4 *V E P A L pfd ... 14 Int TA T ... 14V 14V Lou GAEA 18 Nat Pwr A Lr 12 North Amer- 19V 19V 19*4 19V Pac C. A E 19V 19*4 19V 19*4 Pub Serv N t 331, So Cal Edison . .. 18V Sid Oa* 13 IS Std On pfd ... ijv 13 1 United Corp 6' t #*, 6*4 *V Un Oaa Imn 17V !7V 17', 17V Ut Pwr A Lit A. ... 4 4 WVstern Union 55*4 551, Rubbers— Firestone 231^ Goodrich 16 16V Goodyear 38V 38 V S Rubber 19V 19V

U S Rubber pfd. 44V 43V 43V 44V Kel Spring 4V 4 4V 4 Amusements— Croslev Radio... 14 137. Fox Thea Loews Inc 32V 3iv 32 31V RKO P 8 ! 8 V Warner Bros’ .'! 7 "67, 7 2 6's Foods— Am Sugar 51 Armour 'A' ** ■”* g Beatrice Cream.. .. *” 1,3„ Borden Proa 231. Cal Parking . ’ 2517 Canada D G Ale. .. I” 25 25V Corn Prod ... - o * Crm of Wheat. .. 331. O'" Foods 33', 33 V Gold Durr ... 19*2 G W Sugar '2BV 28V Int Salt osu Natl Biscuii .... 411* Natl D Prod 153 4 Purity Bak igy. ik Std Brands -i 7 * 21 5 e 21V 22 Lmted Fruit 63V 65 63 65 Wriglev 59 3 g Retail tSores— Ass Dry Goods irs. s & Cos 33 33 Gimbel Bros ... si/„ Gr Un Tea 71“ Hahn Dept St.- '7 71* Jewel Tea 45 Kresge S S '26 Kroger Groc 311. 31 Macy R H 4 513. May Dept St ... 42it Mont Warn 32V 31V 32V 31V Penny J C 66V 66V Saleway St 531 4 Sears Roebuck 48 5 48 3 . Woo.worth 511 8 5“ 3 Aviation Aviation Corp 77 Douglass Air ’23 11 . Curtiss Wright.. .. .. 41, 41* Curtiss Wr A .. 10 9 7 a 10 10 Nor Am Av 6 United Aircraf.. 24V 24V 24V 24 Chemica's— Allied Chem ... ... 151 V Am Com A.coiiol .. ... 52V 533. Col Carbon 67 ... Com So.vents .. , 28 27-*, Dupont 1.9*, 99 99 V 99V Freeport Tex 46s 8 Ve-s. Math Alkaii 8 3* 8 Tex Gulf Su pa. . . 38V 38 Union Caibit.e . .5 44V 45 44V U S Ind A.cohol .. . 54. 1 Nat Dist (new.. _BV 28V 28V 28 Drugs— Coty Inc 7 7*d Lambert 07*. Lehn A Fink .... . ” *” 20 Zonite Prod '6V t 7 i Financial— Adams Exp ... 9V 9V 93,. 03. Allegheny Corp . 3V 3V 3V 3V Chesa Corp .... ... ..33 3 , Transamerica ... '7l. 7 3 , Tr Conti Corp 5^ Building— Am Radiator .. 14V 14V 14V 14V Gen Asphalt 131 2 DM Cement 31 3m Johns Manvilie 573, 571 Libby Owens G’s 37V 37V Otis Elev ID, 17 17 3 8 17 Ulen Const 33, Miscellaneous— Am Bank Note ... J 93 8 Am Can io3 102 V Brklvn Men Tr 32 3 4 Conti Can 78 78 v Eastman Kodak 88 3 89 Owens Bottle 86 V 86 Gillette ... . 114 Glidden 23 22 5 , 23 22*, Indus Rayon 85 V 85 Inter Rapid Tr 9*, New York Curb <Bv Abbott. Hoppin A Cos.) —March 6 Close. Close. Alum Cos of Am 72'.' Gulf Oil of Pa. 70 Am Cvanide B 18V Hiram Walker . 48 Am Gas A El.. 25V Hud Bav Min... 12V Am Superpower 3V Humble Oil 41 7 * Assd Gas A El 13.l 3 . Imperial Oil Ltd 13 3 , Atlar Corn . . . 13V Int Petrol . 21V Brt Am Tob A 302 Lake Shore Min 47 V Brush Celanese 4 Libbv McN Libv 5 Can Ind Ale A’ 16 Massev Harris . 6V Can Marc 3 3 , Natl Bel Hess.. 3V Carrier Corp .. 7V Newmont Min.. 54 Cities Serv .... 3VN;a Hud Pwr 5V Com wealth Ed. 55 Novadel Agene.. 66Cord Corp 7 Penn Road 3V Creole Petrol . 11V St Regis Paper 3V Deere ACo . 31V Sai Creek Prod Distillers Lim 22', Sherwin Wms . 7 Distillers Corn. 20 Std of Ind °BV El Bond A Sh 18 Std ol Kv 16 Fhsk Rubber 19 V Teck Hghs Gold 6 V Ford of Can A’ 33 Un Gas 314 Ford of Europe 7 V Un Pwr A Lt A 3 V Glen Aldn Coal 18’, Wright Har Min 8>

Investment Trust Shares

(By Abbott. Hoppin A Cos.) —March 6 Bid. Ask. American Bank Stocks Corp . 118 122 American <Sr General Sec A... 500 700 American Inv Tr Sh 1.75 250 Basic Industry Shares 350 360 British Type Inv Tr Sh 65 .75 Collateral Trustee Shares A 487 500 Corporate Trust Shares (old 216 221 Corporate Trust Shares inew 246 2so Cumulative Trust Shares 412 437 Diversified Trust Shares A. .. 6.25 Diversified Trust Shares B . 825 850 Diversified Trust Shares C. .. 327 330 Diversified Trust Shares D 492 500 First Insurance Stock Corn . . 130 1.37 First Common Stock Ccrp 90 1.07 Fixed Trust Oil Shares A .. 880 895 Fixed Trust Oil Shares B 760 780 Incorporation Investments 18 87 19 12 Land Bank Bond Shares .... 106 1.18 Low Priced Shares 645 655 Mass Inv Trust Shares 19.52 21 20 Nation Wide Securities 3 52 3 58 North Amer Trust Shares 53 192 197 North Amer Trust Shares <ss> 247 250 North Amer Trust Shares 'sß' 258 262 Selected American Shares Inc 118 122 Selected American Shares .... 3.12 .... Selected Cumulative Shares... 715 .... Selected Income Shares 3 50 3 75 Std American Trust Shares A 309 312 Trust Shares of America 295 300 Trustee Std Oil A 5.75 600 Trustee Std Oil B 525 550 U S Electric Lt A Pwr A .... 12 50 13 00 Universal Trust Shares 3. It 3.22

ISSUES DISPLAY FIRM TONE AS VOLUME GAINS International Nickel Soars to New 1933-34 High; News Favorable.

Average Stock Prices

Average of thirty Industrials for Tuesday high 104.94, low 103.40. close 103 84. off 1.18. Average of twenty rails: 48.98. 48 53. 48 89. off .20. Average of twenty utilities 26 80. 26 40. 26.54, off .18. Average of forty bonds: 9183, up .05. Average of ten first rails: 97 44. off .06. Average of ten second rails: 81 36. up 05. Average of ten utilities: 95.02. up .15. Average ol ten industrials: 93.50, up .04. BY ELMER C. WALZER I'nited Press Financial Editor NEW YORK, March 7.—A firmer tone was noted on the Stock Exchange today at the opening. Most issues advanced fractions to a point and volume increased slightly. J. I. Case opened at 75U, up \\ American Can 103, up %; Douglas Aircraft 23. up %; United Aircraft 24 U, up U; American Telephone 121‘s, up United States Steel 55%, up Ms, and New York Central 38, up 1 /4. Exceptions to the rise included American Commercial Alcohol at 52Vs, off %; Kennecott 19 :, 4, off Vs, and Standard Brands 21%, ex-divi-dend, off Vs. Several issues were unchanged, including Howe Sound, North American, Consolidated Gas, Chrysler and Anaconda. Trading quieted in the early dealings, but prices held firm: Van Sweringen railroad issues steadied following denials by bankers the roads were in default. International Nickel gained fractionally to anew high for 1933-34 at 24 7 s, up Vi on a block of 3,000 shares. Motors were steady; aviation shares made small gains; oils held about steady; utilities were practically unchanged. Today’s business news was featured by the weekly report of the Edison Electric Institute, which showed the best percentage gain over the preceding year of any week in more than four years. Iron Age placed steel operations at 49 per cent of capacity, up 2 points for the week.

Bank Clearings

INDIANAPOLIS STATEMENT —March 6 Clearings $1,610,000.00 Debits 5,268,000.00 TREASURY STATEMENT Bu United Press WASHINGTON. March 7.—Government expenses and receipts of the current fiscal year to March 5, compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $4,331,472,111.52 $3,478,282,372.08 Receipts 51.947.784.857.84 $1,286,696,679.50 Deficit. 52.383 687.253.68 $2,191,585,692.58 Cash Bal. $4,874,633,950.89

Daily Price Index

Bii United Press New York. March 6.—Dun & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 average. 100) Today 108.96 Yesterday 108 51 Week ago 108.13 Month ago 107.24 Year ago closed 1934 High (March 5) 109.51 1934 Low (Jan. 3) 101.05 (Copyright. 1934, Dun Sc Bradstreet, Inc.)

Federal Farm Loan Bonds

(By Blyth A Cos., Inc.) —March 6 Bid. Ask. 4s. Nov. 1. 1957-37 93V 94 3 / 4 4s. May 1, 1958-38 93V 94 V 4Vs, July 1, 1956-36 94V 95V 4Vs. Jan. 1. 1957-37 94'/ 2 95 3 /4 4Vs. May 1. 1957-37 94'/ 2 953* 4 Vs. Nov. 1, 1953-36 94V 95’/, 4Vs. May 1. 1942-32 96V 98 4Vs, Jan. 1. 1943-33 963, 98 4Vs, Jan. 1, 1953-33 95 3 4 97 4Vs. July 1. 1933-33 95V 97 4 Vs. Jan. 1. 1955-35 95V 97 4Vs. July 1. 1955-35 95 3 , 97 4Vs. Jan. 1. 1956-36 95V 97 4Vs. July 1. 1953-33 96V 98 43, 5. Jan. 1 1934-34 96 3 4 98 4T4s July 1 1934-34 96V 98 ss, May l, 1941-31 99V 100 V ss. Nov. 1.1941-31 99V 100 V Home Loan 4s, July 1. 1951... 97 97V

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed DOMESTIC RETAIL PRICES Anthracite *4.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5 50 Indiana, egg 5.00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7 25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 6 50 Island Creek 7 00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to bln

U. S. Government Bonds

By United Brett NEW YORK. March 6.—Closing Liberties. 'Decimals Represent 32nds.) LIBERTY. 3' 2 s (32-471 . 102.10 Ist 4'* S '32-471 102.26 4th 4',s (33-38' 103 8 TREASURY 4'sS 3>*S '45) 100.14 4' 4 s '47-521 109. 3 3 bs (43-471 100.26 3 3 ,s '4l-43' March 100.29 3\s (40-431 June 100.29 3' 4 s '4ll 100.15 3!sS '46-491 99.2 3s 151-55' 97.18

On Commission Row

—March 7 fruits Cranberries—Cape Cod early blacks. 25lb. box. $2.50. Pears—Calavos il2-16-20-2451. *3 50 Strawberries —Florida. 14(q,15c per pint. Bananas—Per pound, ac Apples—Wealthy, Wolf River. Grimes Golden. Jonathan. Florida. $1.35 2 2.15 a bu.. fancy Stavmans. $2.25 a box. Grapefruit—Texas. $3.25®3.75. Oranges—California Navels. $3.50. Pineapples $3 a ‘2 crate. Vegetables Cabbage—New Texas, half crate. $1.35. Onions—lndiana red. 50-lb. bag. SI 35 Indiana yellow. 50-lb. bag SI .35 Beans—Round stringless, hamper. s3<g 3.25. Beets—Bulk per bu.. $’ 25; Texas, new $1,50 a crate. Peas—3oc lb. crate. 53.25 Carrots—California. $3.25 a crate; per dor.. 60c; bulk per bushel. $1.15. Cauliflower—California ilO-U-l2s). crate $1 60 Celery—Michigan Mammoth. dozen. 85c; medium bunch. 45c; hearts. 35c. California. $2.40 a crate. Cucumbers—Hothouse. *1.15 per dozen. Lettuce—lceberg. best < 4-5s > crate. $3 25: hothouse. 10-lb. basket. 75c. Radishes—Hothouse button. 55c dozen. Spinach—New Texas. $1 bu. Turnips—Per bu.. 90c Tomatoes—3o lbs.. $1.75®2. Potatoes—Northern rouna whites. 100-lb bag *2 25: R R Ohlos. 100-lb bag. $2 30; 15-!b. bag 40c; Idaho Russets 100-lb bag $2 25 Sweet Potatoes—Nancy Halls, per bu. *1 85. NEW YORK RAW SUGAR FUTURES —March 6 High. Low. Close. January 1.72 1 69 1 69 March 1.56 1 53 1.53 May 1,60 1.56 1.57 July 1.63 1 59 1 60 September 1 67 1.63 1.64 December 1.71 1.68 1.66

THE INDIANAPOLIS TIMES

Chicago Stocks "Ri Abbott Hoonlr & Cos

TOTAL SALES. 18.00 SHARES —March 6 High. Low. Close. Adams Mfg ... § Advance Aluminum 3“ Altorfer Bros *• <* Asbestos Mfg „ ... 3 Associated Tel Sc Tel A. 7’* 7'? 7 2 Assoc Tel Util A pfd % Bastlan-Biessing * * Bend;x Aviation 19’* 19 a }/* E L Bruce Cos 15 14% 14 a Bucyrus-Monighan Cos }* Butler Bros lit* 11 }‘ Cent 111 Pub Serv pfd 19 Cent Pub Serv Class A ~ * Cent & So W P L pfd .. ... 11 Chicago Corp C0m.... 3% 3Vs 3/a Chicago Corp pfd f8 Chicago Flexible Shaft. . .... 10 Cities Service 3*4 3 s .3 s Commonwealth Edison. 55 54‘a 5d Consumers Pr pfd .. ... b Cord Corp 6% 6 * <>•% Crane Cos 9Vi 9 5 ,s Crane Cos pfd J*, Goldblatt Bros < Great Lakes Aircraft * Great Lakes Dredge 19‘a Gen Household Util .... 14% 13% 13’,* Harnlschfeger . ... •••,, I Houdallle-Hershey 8.. 6 b'/s 6 Katz Drug 31’/* Lawback Corp, 6 % pfd 28 2 Libby-McNeil 5!4 BVs t Lindsay Light 2% Lynch Corp 34’* Manhattan Dearborn .. .. ... l a Marshall Field 17% 17% 17% McQuay Norris .. ... 45 * McWilliams Dredg Cos 22 Merchants Sc Mfrs A 3 Mickelberry's Food Prod .. ... 3 Middle West Utilities. .. % V* ’a Modine 1* Monroe Chemical 7 Nachmarn Springfilled .. ... 5 National Elec Power A. .. ... 14 National Leather 2 Noblitt Sparks Ind Inc 14% North Amer Lt & Pwr .. ... 2% Ontario Mfg ... 11 Oshkosh Overall 5% 5% 5% Peabody Coal B 5% Public Service N P ... 20 Quaker Oats 116 s Rverson & Son ... 13 So West G Sc Elec pfd 51 Vi Swift Sc Cos 16% 16% 16% Tel Bond & Sh pfd 1014 Twelfth St Store A 3 Utah Radio f% Utility & Ind ... 1% Utility Sc Ind pfd 4% 4V* 4V* Vortex Cup Cos ... 10% Walgreen Cos com ... 24 Wahl 2 Ward Montgomery A.. .. ... 110

Bond Prices

(By Fenner & Beane) —March 7 High. Low. 10:30. Alleg Corp 5s 'SO 33% 32V4 32% Am&For Pwr 5s 2030.. 50% 50 50'/4 A T & T db 5s 65 107 % 107 107 Atchison gen 4s '95 99% 99% 99% BScO cv 4%s ’6O 70% 70% 70% Beth Steel 5s A 42 . . ... 106% Brazil 6%s 1261 ’57 30% 30V4 30% Can Pac 4s ’57 18% 78% 78% C<srO 4%s A ’39 108% CHMStP&Padi5s A 2000 19% 19V4 19% CHMSTP&Prf 5s A ’75.. 51% 51 51 Cons Gas NY 4%s ’sl 98% Denmark 5%s ’55 94% 94 94% Det Ed 5s E ’52 104 Erie RR rs 5s ’67 71 % 70% 71% French 7s ’49 ... 176% Goodyear 5s ’57 95% 95% 95% Gt Nor 4%s D ’76 78% Gt Nor 7s A ’36 95% 95% 95% Interboro RT 5s ’66 71% 71% 71% Int T&T db 5s ’55 63% 62% 63% Lorillard 7s ’44 103 McKees&Robb 5%s ’SO. .. ... 71 Nat Dairy db 5%s ’48.. .. ... 88 NY Cent 4Vis 2013 74% 74 74% Nor Am 5s ’6l 81 Pac Gas &El 5s A '42.. 105 104% 104% Penn RR 4%s D ’31... 93% 93% 93% Shell Un Oil 5s ’47 95% Texas Corp 5s ’44 101 100% 101 Tob Pr NJ 6%S 2022 105% Un Pac Ist 4s ’47 102% 102 102% US Rubber 5s A ’47 79 Vanadium 5s '4l 82% Western Un 5s ’sl ... 88% Yystwn S&T 5s B '7O 86%

Produce Markets

Delivered In Indianapolis Prices—Hens, lOVc; Leghorn hens, 10c; Leghorn spring-er-stags. 6c; large springer-stags. 9c; rocks, sc; Leghorn cocks, 4c; ducks, full feathered and fat. 4'/ 2 lbs. and over. 8c; feese, 6c; young guineas. IV, to 3 lbs., sc; old guineas. 25c. No 1 strictly fresh country run eggs, loss off I3c; each full case must weigh 55 lbs gross; a deduction of 10c a pound for each pound under 55 lbs. will be made. Butter—No. 1. 27(H) 29c: No. 2. 24(H25c: butterfat, 22c.—Quoted by Wadley Company By United Press CHICAGO. March 7.-Eggs Market, firm; receipts. 13,382 cases; extra firsts, 16 3 4 c; fresh graded firsts, 16Ve; dirties, 14Vc; current receipts, 15Vc; checks. 14c. Butter—Market, firmer; receipts, 6.214; storage extra (92 score). 24Vc; storage standards (90 score 1. 24Vc; extra firsts (90-91 V score), 25V@26c; firsts (88-89 V score*. 24®25c; seconds (86-87 V score, 23c; extras (92 score), 26c; specials, 26V(a 27c; standards, 26c. Poultry Market steady; receipts, 24 trucks, one car due; turkeys hens, 17c; hens. 14@15c: Leghorns, 12c; ducks, 12@15c; geese, 10c; roosters, 9 Vc; colored springers. 17c; Plymouth Rock broilers. 24CH26C. Cheese —Twins, 14V @lsc; Longhorns. ISfalSVc; daisies, 15(H 15Vc. Potatoes—Cld stock, supply liberal; demand and tracing slow; market dull; Wisconsin round whites, $1.70® 1.77 V; occasional car higher: Colorado McClures, on car. burlap sacks, $2.20; one car cot ton sacks, $2.30; Idaho Russets, s2.od® 2.10. New stock: Supply moderate; demand and trading moderate; market steady; sales to jobbers. Florida crates, Bliss ’ Triumphs, [email protected]. Shipments. 975, arrivals 97, on track 270. NEW YORK, March 7.—Potatoes—Dull; Long Island, bbl.; State, $2.15 bag; Southern. [email protected] bbl.; Maine, $1.50'H4.60 bbl.; Idaho. $2.50® 2.75 sack; Bermuda, $6<ft7.65 bbl.; Canada, $2.30© 2.45 bbi. Sweet Potatoes—Quiet; Jersey basket. [email protected]; Southern basket, 50c® $1.40. Flour—Easy; springs; patents. $6.25 ©6.50 bbl. Pork—Firm. Mess —$21 bbl. Lard—Easy. Middle West Spot—s6.Bo® 6.90 per 100 lbs. Dressed Poultry—Steady; turkeys. 15® 25c; chickens, 9® 30c; broilers, 14®>30c; capons, 30® 32c; fowls. 13® 18c; Long Isjand ducks, 15®15Vc. Live Poultry —Steady; geese, 8® 12c; turkeys, 18®24c: roosters. 10c; ducks. 8® 12c: fowls, 18® 20c; chickens. 13® 19c; capons. 22®25c: broilers, 20®22c. Cheese—Steady; state whole milk specials. 19®20c; Young America, 16c. CLEVELAND, March 7.—Butter Market, firm; extras 30Vc; standards, 30c. Eggs— Market, firm; extra white, 16Vc; current receipts. 16c. Poultry Market firm; coloredfowl medium. 17c: Leghorn fowl. 3V lbs. and over. 13® 14c; Leghorn fowl light, 12c; springers smooth. 17c; capons, 8 lbs. and over. 22c; colored broilers, 25c; stags, 12c; roosters, 9c: ducks w'hite. 5 lbs. and up. 18c; ducks light. 16c; geese. 12c. Potatoe —Maine best $2.50: Idaho. $2.35© 2.50: Ohio and Npw York best $2.10®2.15; Florida best. $1.75© 1.85 per bushel. CINCINNATI. March 7.—Butter—Packing stock No. 2. 18c; butterfat. 23c. Eggs— Firm; extra firsts. 16V(H17c: seconds. 15Vc; nearby ungraded. 16c. Live poultry —Fowls. 5 lbs. and over. 14c; 4 lbs. and over. 14Vc: 3 lbs. and over, 14Vc; Leghorns. 3 lbs. and over. 12c: roosters. BVc: stags, colored, 13c: Leghorns. 10c; colored broilers. IV lbs. and over. 28c: 2 lbs. and over. 28c: capons, 8 lbs. and over. 22c; under 8 lbs.. 19c; ducks, white. 4 lbs. and over, 12c: under 4 lbs. 11c; colored. 2 lbs. and over. 11c: under 4 lbs., 10c; guineas, old. 8c; voung guineas. IV lbs. and over. 18c: 2 lbs. and over, 18c: No. 1 turkevs. voung hens. 8 lbs. and over, and young toms. 10® 15 lbs., 23c; young toms. 15 lbs. an dover, 23c; No. 1 old toms. 15c. Other Livestock By United Press TOLEDO. March 7 —Hogs—Receipts. 175; market, 10c lower- heavy Yorkers, $4.50® 4.60; mixed and bulk of sales. $4 40® 4.60; pigs and lights. $2 50® 3.50; medium and heavies. s4® 4.40; roughs, $2.75©,3.75. Cattle—Receipts. 150: market steady, but slow. Calves—Receipts, light: market 50c lower; choice to extras. $6.50® 7; fair to f;ood, s4® 6. Sheep and lambs —Receipts, ight; market 50c lower: lambs.. $5®8.75.

EPWORTH CONFERENCE TO OPEN TOMORROW State Leaders to Assemble Here for Three-Day Session. Officers of the state council of the Epworth league of the Methodist church will meet at the Broadway M. E. church March 8. 9 and 10 for a state conference. The cohference will be devoted to problems of youth. Registrations will begin tomorrow at 4 p. m. The evening session for delegates begins at 7:30. Charles Tyler, acting president of the Indianapolis district Epworth league, is chairman of the local arrangements committee. Y. W. C. A. OFFICER TO CONDUCT CITY SESSIONS Secretary for Negro Branches Plans Week-End Visit. Mrs Cordelia A. Winn, national advisory service secretary for Negro Y. W. C. A. branches, will speak at meetings Friday night and Saturday and Sunday mornings at the Phyllis Wheatley branch. Mrs. Winn arrived in Indianapolis yesterday to study local work and aid in organizing neighborhood conferences. She will be assisted by Miss Marion Cuthbert, also a member of the national staff.

PORKER PRICES SNOW STEADY TRADING RANGE Vealers Weak to 50 Cents Lower: Cattle, Lambs Stationary. Only slight change was evident in porkers prices at the Union Stockyards this morning. Initial trade developed slow and the majority of weights remained unchanged with yesterday’s average. Receipts were around normal. The bulk, 160 to 300 pounds, was salable at $4.50 to $4.65, while early top was reported at $4.75. Other grades, scaling from 300 pounds and upward, sold at $4.25 to $4.55. Light porkers, 130 to 160 pounds, were selling at $3.40 to $3.90, while small laughter pigs weighing 100 to 130 pounds, brought $2 to $2.90. Receipts were estimated at 5,000. Holdovers. 337. Initial trading was light in the cattle market, with few steers and cows steady at yesterday’s close. Two loads of weighty steers were reported selling at $6.75. Heifers were dull and unchanged. Receipts numbered 1,000. Vealers continued wealF and around 50 cents lower, selling at mostly $6.50 down. Receipts were 600. Choice lambs were scarce in the early trading, with price trend slightly lower. Indications were around $9.50 down for most grades. Receipts were 500. Asking advanced 10 cents on hogs at Chicago, with no early bids in evidence. Trading was slow and draggy. Receipts were estimated at 15.000, including 3,000 directs. Cattle receipts numbered 8,500; calves, 1,500; market, strong. Sheep receipts were 5,000; market, strong. HOGS Mar. 1. $4.65 (it 4.70 $4.70 4.300 2. 4.60® 4.85 4.85 4.000 3. 4.60® 4.75 4.75 1.500 5. 4.75® 4.90 S 00 4.000 6. 4.50® 4.65 4.75 8.000 7. 4.50® 4.65 4.75 5,000 Market, steady (140-160) Good and choice. . ..$ 3.65® 3.90 —Light Weights—-(l6o-180* Good and choice.... 450 (180-200) Good and choice 4.55 —Medium Weights—-(2oo-220) Good and choice.... 4 65® 4.75 (220-250) Good and choice.... 4.65® 4.75 —Heavy Weights—-(2so-290) Good and choice..., 4.60® 4.70 (300-350) Good and choice.... 4.45® 4.60 —Packing Sows—(3so down) Good : 3.60® 3.85 (350 up) Good 3.25® 3.75 (All weights) Medium 3.00® 3.50 —Slaughter Pogs—-(100-130) Good and choice 2.00® 2.90 CATTLE Receipts, 1,000; market, steady (1.050-1,100) Good and choice $6.00® 7.00 Common and medium 4.00® 6.00 (1.100-1,500) Good and choice 5.50® 7.00 Common and medium 4.00® 5.50 <675-7501 Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-900) — Good and choice 4.75® 6.25 Common and medium 2.15® 4.75 —Cows— Good 3.25® 3.75 Common and medium 2.75® 3.25 Low cutler and medium 1.50@ 2.75 —Bulls lyearlings excluded) Good (beef steers) 2.75® 3.50 Cutter, common and medium.. 1.50® 2.75 VEALERS Receipts, 600; market, lower Good and choice $ 6 00® 6,50 Medium 3.50® 6.00 Cull and common 2.00® 3.50 —Calves—-(2so-500) Good and choice 7.00® 7.50 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle—-(soo-900) — Good and choice 4.00® 5.25 Common and medium 2.75® 4.00 (800-1.500) Good and choice 4.00® 5.26 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 500; market, lower (90 lbs. down) Good & choice .$ 9.00® 9.50 (90110 lbs.) Good & choice.. 8.75 (a 9.25 (90 lbs. down) Com. & med... 7.00® 8.75 —Ewes— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50

Other Livestock By United Press CHICAGO, March 7.—Hogs—Receipts, 16,000, including 4,000 directs; below 200 lbs., 5©.10c lower; others. 5® 10c Higher; 180-290 lbs., $4.40©4.60; top, $4.65; pigs, $2.50® 3.50; packing sows, $3.60® 3.90; light lights, 140-luo lbs., good and choice. $3.50 ®4.25; lightweights, 160-200 lbs., good 250 lbs., good and choice, $4.40®.i.65; heavyweights, 250-350 lbs., good and choice, $4.15©4.60; packing sow's, 275-550 ter pigs, 100-130 lbs., gooa and choice, $2.50'<i3.50. Cattle—Receipts, 8.500; calves, 1.500; strictly good and choice yearlings and light steers and outstanding meduim weight steady; lower grades and all weighty steers weak, biading lower; slow market; $7.5 bid for long yearlings; $7.40 and choice, s4© 4.55; meaium weights, 200lbs.. medium and choice. $3.50® *; slaughpaid for prime, 1,318-lb. average; other killers uneven, mostly steady; largely steer run; slaughter cattle and vealers: Steers, 500-900 lbs., good and choice, s6® 7.65; 9001.100 lbs., good and choice, s6® 7.65; 1,1001,300 lbs., good and choice, $5.25©7.50; 1,300-1,500 lbs., good and choice, $4.75® 7.25; 550-1.300 lbs, common and medium. $3.75®6; heifers, 55-750 lbs., good and choice. ss® 6.50; common and medium, $3.50©,5; cows, good. $3.10©4.21; common and medium, $2.75® 3.30; low' cutter and cutter cows, sl.lo® 2.75; bulls, yearlings excluded, good, beef, $3.25© 3.71: cutters, common and medium, 52.30® 3.31; vealers, good and choice, $3.71©.6.75; medium. $5 ©5.75: cull and common, $3.50©0; stockcr and feeder cattle: Steers, 500-1.050 lbs., good and choice. [email protected]; common and medium, $3.25®4.75. Sheep—Receipts, 5.000; fat lambs slow; indications steady, but buyers talking lower: good to choice wooled lambs held at $9.25 and above; few early bids down to $9 and below; sheep scarce; around steady: slaughter sheep and lambs: Lambs. 98 lbs. down, good and choice, $8.50© 9.35; common and medium, $7©8.65: 90-98 lbs., good and choice. SB© 9.25; ewes, 98-150 lbs., good and choice. $4 ©5.62: all weights, common and medium, s3© 4.50. CLEVELAND. March 7.—Cattle—Receipts, 250; market, slow’ and 25c lower; choice. 750-1,100 ib. steers, $6.25© 7 50; 5501.200 lbs., ss®6; heifers, 600-1,000 lbs., $4.25©)5.50; good cows all weights, $2.50© 3.25. Calves—Receipts. 500; market, slow and steady; choice to prime, s7© 7.50; choice to good, s6©7; fair to good, ss©6. Sheep—Receipts. 1.000; market, 15©25c lower; choice wethers, s4©s; medium to good. $3.50©4; choice spring lambs. s9© 9.85; good to choice, sß©9. Hogs—Receipts, 900; market, steady; all sold; 250300 lbs., 54.25© 4.50; 180-210 lbs., $4.50© 4.75; 150-210 lbs.. $4.75; stags, $ 1.75®2, pigs, s3© 3.25; roughs. $2.75©3. FT. WAYNE. March 7.—Hogs—s© 15c lower; 200-250 lbs., $4.50; 250-300 lbs., $4.60; 160-200 lbs., $4.25; 300-350 !bs„ $4.25; 150-160 lbs., $3.70; 140-150 lbs., $3.45; 130-140 lbs., $3.25; 120-130 lbs., $3.70; 100-120 lbs., $2.25; roughs. $3.25; stags, $1.75. Calves. $6; lambs. $9. PITTSBURGH. March 7.—Hogs—Receipts. 1,000; holdovers. 1,000; slow, mostly 15c lower on 160-210 lb. weights; bulk. $4.90® 4.95; top. $4.95; 250 lbs. up, quotable around $4.75; weights below 150 lbs., especially slow; 100-130 lbs.. $34(3 50: lighter weight pigs, down to $2.75; packing sows, quoted $3®3.75. Cattle—Receipts. 15; nominal. Calves—Receipts. 60; choice vealers. 50c off: top and bulk. $7.50; common to medium. $4©6.50: heavv calves; quotable $5.50 down. Sheep—Receipts. 200; desirable wool-skin lambs, steady at $10: medium. $7.50©9; clipped lambs. $8 down; clipped sheep, strong at $5 down, or 50c higher than yesterday. LAFAYETTE March 7.—Hogs—Market, s'eadv; 225-275 lbs.. $4.45© 4.50; 275-325 lbs., $4.30® 4 40; 170-225 lbs . $4 30®4 40: 140-170 lbs!. $3 45© 3.75: 120-140 lbs. $2 65 ©3.15; 100-120 lbs, $1.75® 2.15: roughs, $3.75 down. Top calves—ss.so. Top lambs —sß 50. By Timet Bperinl LOUISVILLE. March 7.—Cattle—Receipts. 150; supply very light: market slow, generallv steady: bulk common to medium steers and heifers. s4®s: better finished kinds. $5 25 to around $6 for fat baby beef types: bulk beef cows. $2 50® 325 practical top. *3.50; low cutters and cutters. *1 25©2.25; sausage bulls. $3 50 down; most desirable Hereford Stockers, *4 75© 5 25; common to medium native. *2.75© 3.75. Calves—Receipts. 225: market, steadv: buik better grade vealers. *s© 5 50; medium and lower grades. $4.50 down Hogs—Receipts, 1.000. including 195 directs; market, unevenly steady to 5® 40c lower; loss mostly on lights and pigs; 170-240 lbs.. $5: 245-270 lbs. $4 65- 275 lbs. up. $4 30: 145-165 lbs , $4: 120-140 lbs.. *2.75; 115 lbs. down, *1.50: sows. *3.05: stags. *1.75. Sheep—Receipts. 25; steadv; bulk medium to good lambs. *7.50® 8 50; choice kinds eligible to *9 or better: throwouts mostly *5.50; lat ewes, *2.50 ......

AIL Chemical Am. F melting Am Jan Am. Telephone Am Tob B Atchison Chrysler Con. Gas N Y. DuPont Goodyear

Market Average mam Tu-enty Active Issues Listed on the N. Y. Stock Exchange.

j MHUAM ' ’ etittusay”" ~ masoi j *;it 1 8 II 11 14 4 U 14 16 y II j I Z i 1 ' I • ’ ii ! ' ' 1 1 ! j 1 ,, ,i,l|i l| l|| „l l li.| —i-i 1 1 j-/' 5 ' i j: 1 —i 60 ts I ! ! I J ! *0 g : ; | j I I : : i # i!i!' ! Ii I 1 T 5 ! I ' 1 1 j : 1 ! * 1 fi ' 1 1 ' 1 I I I--s a- —I I 1 ' 1 I j ! ,i—; * ! I ’ j 1/lUt/ TkAPEO i I j -aoo ;/t~ 1 / * \ rf\ A/\a 1 S 21L J-Il <-< g 700 )f y• — j-— l ! 1 —! ——a J 4 ** j V\ / V VOL. CWUSLtO ■ I I I O •- | | \ j j C/ITUItOAY/ i IT—I- i * s f"”i —I—V —fr~il-f '7, ) ! .I 5*00.1 !—1 I--I , rA-A] Ml 1 <* I I 1 i.■ + 4- i 2 c :<>, r| |A At 7—tttT 1, : c j*o .__t .1711. —— >

This daily record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and daily variations are apparent at a glance.

BELL SYSTEM REPORTS GAIN Number of Phones Increase 11,631 Over 1932, Annual Statement Shows. During the first eight months of 1933 the Indiana Bell Telephone Company reported a decrease of 14,060 in the number of phones in service, as compared with 25.691 during the same period of 1932, according to the annual report to stockholders released today by J. F. Carroll, president. September was the first month to display an increase since May, 1931, and the advance was great enough to more than offset a slight loss in the succeeding three months, the report stated. During the year the company connected 28,652 phones and disconnected 42,193, leaving a total loss of 13,541. Total operating revenues decreased $1,340,000, and net earnings were at the rate of 3.92 per cent on the cost of the plant and other assets, Mr. Carroll asserted. During 1933 the company carried through a gross construction program amounting to $1,879,900, which, however, did not result in any net additions to the property, the investment showing a decrease of $230,000. Taxes paid for the year amounted to an average of 70 cents a month for each telephone in service. The total was $1,461,748. or 14.7 per cent of the total operating revenues as compared with 12.3 per cent in 1932. This displayed an increase of 576233 over the previous year in spite of the fact that the total operating revenues were lower by $1,340,000.

Marriage Licenses Leo Chapman. 27. Greencastle. mechanic and Irene Sutherlin, 26. of 1922 Fletcher avenue, housekeeper. Samuel Marshall. 34. of 909 Hosbrook street, laborer, and Donna Wynne. 32, of 2338 Shriver avenue, interior decorator Jerome Hammermann. 30. of 3541 North Meridian street, salesman, and Belle Kaufman. 25. of 2250 North Meridian street, housekeeper. Wilbur Giesseman. 30, of 495 Arthur avenue, clerk, and Quendlyn Fleming, 21, of 1011 South Meridian street, housekeeper. Births Boys David and Florence Andrews. Coleman hospital. Morton and Ruth Cox, Coleman hospital. Carl and Sadie Otto. Coleman hospital. Donald and Lela Edison. Methodist hospital. Dale and Helen Ellis. St. Vincent’s hospital. Eugene and Anna Schalk, St. Vincent’s hospital. Joseph and Anne Wood. St. Vincent’s hospital. Norman and Ancelletta Frick, St. Vincent’s hospital. Elmer and Anna Estridge, 2824 Ruckle. Girls Eugene and Lucille Costello, Coleman hospital. Carl and Rubv Faust. Coleman hospital. William and Thelma Hurd. Coleman hospital. Irving and Mildred Manlove. Coleman hospital. Donald and Priscilla Riley, Coleman hospital. Omer and Lucille Robison. Coleman hospital. Pete and Vasa Stephanoff, Coleman hospital. Homer and Isabella Strebe. 2861 Denny. Ivan and Lucile Davidson. 33 South Colorado. Joseph and Matilda Kieffer. 412 North Warman. Richard and Mona Bromert. Methodist hosoital. Thomas and Martha Madden, St. Vincent’s hospital. Kenneth and Rhea Dowms. St. Vincent’s hospital. Char'es and Mary Mcllvalne, St. Vincent’s hospital Albert and Elizabeth Bernhardt. St Vincent’s hospital. Isaic and Mary Wilson. St. Vincent’s hospital. Deaths Mary Louise Begeman. 88, 44 North Randolph, hove' obstruction Clotilde Posgeiani. 61. 2002 Central, acute dilatation of haart. Ruben L. Ward, 53. 3840 College, coronary occlusion. Hiram F Stewart. 82. 313 North Bradlev chronic mvoaarditis. Flovd Mario.n Fisher, 32. 1519 Central, pulmonarv tubarcu'osis. John Rech. 82. 2128 North Meridian, pulmonarv pdema. Marv Schlanzer. 83. 1655 Union, hypostatic pneumonia. Clyde Troxell, 52. Long hospital, cerebral hemorrhaga. Patrick Foley. 81, 6172 North Delaware, coronary ooclusion. Charles Hunter, 89. 530 North West, apoplexv. Martha Hobbs Whitsitt. 72. 4621 College, chronic myocarditis. Amos Brooking. 86. 130 Koehne, broncho pneumonia. Richard Lay, 68, 1615 Wilcox, chronic myocarditis. Mary Wooden. 70, 447 North West, lobar pneumonia. James Williams. 85. 727 East Minnesota, chronic myocarditis.

PLUNGES HEADFIRST AGAINST PRISON BARS Muneie Man Gashed in Apparent Suicide Attempt. Plunging headlong against the bars of the city prison in an apparent effort to commit suicide following his arrest last night, Joseph Mc“Donald, 24, Muneie, suffered a gash on his head. McDonald ran about forty feet in a corridor at the prison and plunged aganst the bars. He fell to the floor unconscious and was taken to city hospital. He was returned to the prison early today. McDonald was arrested on a complaint of Miss Catherine Egler, Muneie, who said that he had followed her to an address on East Michigan street and was causing a disturbance. He was held on a charge of vagrancy.

IntT Harvester Johns-Manvtlle Nat Biscuit Pub Sol N J. Sears Roebuck Stand o! N J. Un. Aircraft U S Steel Union Pacific Westinghouse

Bright Spots

Bv Abbott. Hoppin Sc Cos. Natomas Company declares an extra dividend of $1.25 in addition to the regular quarterly dividend of $1.25. both payable April 2 of record March 15. Directors of the company have approved a plan for a ten for one split-up of the shares. Stockholders will vote on the proposal at the annual meeting March 20. F. VV. Woolworth Company's February sales totaled $17,860,446. against $16,244,993 in February, 1933. Burlington Railroad Company car loadings in week ended March 3 numbered 21,168 cars, against 19,906 in the previous week. General Refactories 1933 report shows earnings of 36 cents a share against a net loss of $2,023,137 in 1932. New York, Chicago & St. Louis Railroad Company car loadings in week ended March 3 totaled 12,630 cars, against 12,272 in the previous week. General Printing Ink Company declares a dividend of 15 cents a share on the common stock. Illinois Central Railroad car loadings in week ended March 3 were 26.466 cars against 26.112 in the previous week. S. S. Kresge Company February sales totaled $8,797,056, against $8,053,868 in February, 1933. Pioneer Gold Company report gross profit in February was $166,200 after expenses but before depreciation, depletion and taxes against $171,600 in January. Union Carbide and Carbon Company declares a dividend of 43 cents a share on the common stock. American Ice Company in 1933 earned 6 cents a common share, against $1.04 in 1932. Truscon Steel Company in 1933 had a net loss of $888,107 after' all charges charges against $1,655,114 in 1932. American Stores Company and subsidiaries report for year ended Dec. 31 shows earnings of $3.22 a share against $3.31 in 1932. Homestake Mining Company in 1933 earned $19.94 a share against $9.94 in 1932. American Tobacco Company in year ended Dee. 31 had a net income of $17,401,208 after federal taxes, depreciation, interest and loss of sate of securities, equal after paymeift of dividend on the 6 per cent preferred stock to $3 a share on the common A and B stocks. Southern Pacific Railroad car loadings in week ended March 3 were 19.205 cars against 17.444 in the previous week and 14.913 in the like 1933 w'eek.

SEEKS ELECTION TO STATE LEGISLATURE UrdaS Announces Candidacy for Democratic Nomination. Michael A. Urdal, attorney of 617 Hcrth Drexel avenue, today announced his candidacy for state representative on the Democratic ticket. In announcing his candidacy, Mr.

Urdal stated that “he would support and sanction only such legislature adaptable to the needs of all the people.’’ The candidate has an office at 522 Continen ta 1 Bank building. He attended the Jefferson School of Law at Louisville, Ky„ and the Benjamin Harrison law school. Mr. Urdal is a mem-

Mr. Urdal

ber of the Little Flower Catholic church, the Indianapolis Bar Association and the American Bar Association. For a time he taught high school commercial subjects before practicing law.

In the Cotton Markets

—March 6 CHICAGO . High. Low. Close. January 12.68 12.62 12.62 March . 12 18 Mav 12.33 12.22 12.22 July 12.43 12.34 12.34 October 12.55 12 44 12.44 December 12.63 17.57 12.57 NEW YORK January 12.62 12.50 12.50 March 12 07 1 2.01 12.01 Mav 12.25 12.12 12.12 July 12.38 12.25 12.25 October 12.49 12.35 12.35 December 12.5’ 12.45 12.45 NEW ORLEANS January 12.57 12.47 12.47 March . . 12 00 Mav 12 22 12 13 12.13 July 12.34 12.25 12 25 October 12 45 12.36 12.36 December 12.53 12.48 12,48 NEW YORK COFFEE FUTURES —March 6 SANTOS March 10 95 May 11 24 11.10 11.20 July 11.33 11.17 11.29 September 11.65 11 50 11 63 December 11.75 11.64 11.75 RIO January 8.99 March .... 8 20 Mav 8.75 July 8 84 8 70 3 60 September 8 87 8 80 8.34 December 8.89 8 85 8.89 CITY GIRL SCOUTS TO CELEBRATE BIRTHDAY National Anniversary to Be Observed at Session Saturday. Indianapolis Girl Scouls, under the direction of Mrs. E. IT. K. McComb, chairman, will participate in national celebration of the twentysecond birthday anniversary of the Girl Scout movement in the United States. The local celebration will be held on Saturday, in connection with the annual camp reunion at Emerich Manual Training high school. The national celebration will include tribute from more than 318,000 Girl Scouts to the memory of Juliette Low, who called the first meeting of Girl Scouts in Savannah, Ga., on March 12, Ul2.

PAGE 13

MAJOR GRAINS STRENGTHEN IN DULL TURNOVER Corn Ignores Firm Tone in Securities: Prices Dip L Fractionally. ® BY HARMAN W. NICHOLS I’nited Press Staff Correspondent CHICAGO. March 7--A firmer tone in stocks was moderately reflected in wheat deliveries on the Board of Trade at the opening today and prices were % to % cent higher in dull turnover. Corn ignored the bull influence of stocks and the principal cereal, however, and slid % cent lower. Oats held unchanged. The minimum of country offerings definitely removed the possibility of hedging pressure. Chicago Primary Receipts —March 6 —Bushels—• Today. Last week. Wheat 210.000 331,000 Corn 415.000 458.000 Oats 116.000 126,000 Chicago Futures Range —March 7 WHEAT—* prev. High. Low. 10 00. close. May 87% .86% .87 .87% July 86% .86% .86% .86% Sept 87 1 - 87% ,87% .87% CORN May 51% .51 .51% .51'* July 53% .52% .53% .53% I Sept 55 .55% I OATS—j Ma.V 31% .33% .33’, .34% 1 July 34% .34 .34% .34% SP RYD- 34 8 ' 33,S • 337 * ,34 '* May 60 .59% .59’* 59% July 61% .60% .60% .61% Sept BARLEY— May 46% .46% .46% .47% July 48% „ . CHICAGO CASH GRAIN Bu United Press CHICAGO. March 6.—Cash grain: Wheat No. 2 hard. 88%c. Corn—No 2 mixed (old). 50%c; No. 2 yellow' 50%c (old': No. 3 yellow (old •. 49%®49%c; No. 3 vellow r (old and new). 50c. No 6 vellowt (Old). 47c. Oats—No 2 white. 35%®35’*c; No 3 white. 35c: Sample grade white. 31 %c. Rve—No sale Bariev—Sold 49® 72c: quotable. 46® 80c. Timothv—s7.2s® 7.50. Clover Seed—sll® 13.65. Cash Provisions Lard. $6.55; loose. $6.30; leaf, $6.50; s. bellies. $8.25. TOLEDO CASH GRAIN B\t United Press TOLEDO. March 6 —Grain close; Grain in elevators, transit billing: Wheat—No. 2 red. 91%®92%c. Corn—No. 2 yellow, 54%®55%c. Oats—No 2 white. 38%® 39%e. Rye—No. 2. 66%®67%c. Track ericas 28%c rate: Wheat—No. 1 red. 88 '88'~c: No. 2 red. 87'ff87%c. Corn—No. 2 yellow. 50%®51c; No 3 yellowy 49® 49%c: No 4 vellow, 48®58%c. Oats—No. 2 white. 35®37c; No. 3 white, 34%®36%c. Toledo seeds close: Clover—March, $8 25. Alsike, cash. $8.50. NEW YORK CASH GRAIN Bit United Press NEW YORK. March 6.—Cash grain: Wheat—o. 2 red. $1.04%; No. 2 harcT winter. $1.04%. Corn No. 2 mixed, 59%c. Oats—No. 3 white. 44%c. ST. LOUIS CASH GRAIN Bn United Press ST. LOUIS. March 6. Cash grain: Wheat- In fair demand, unchanged; No. 2 red. 90%c: sample red. 86c: No. 2 hard, garlicky. 89%c; No. 2 hard. 87%c: nominal. Corn—ln fair demand: % cent lower- No. 2 yellow, 49 %® 50c: No. 3 yellow. 50c; No. 6 yellow, 42c, Oats—ln fair demand, unrhanged; No. 3 white. 36c; No. 4 white 34® 34 %c: No. 1 mixed. 34%c; No. i mixed. 35%c.

Indianapolis Cash Grain

—March 6 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41 'V, ig*)*?... York rate, were: Wheat—Weak; No 1 red. 81'2®82'2C: No. 2 red. 80' 2 ®Bl'bc: No. 2 hard. 80'i® Corn—Weak: No. 3 white. 42®43c: No. 4 white. 41 ®42c; No. 3 yellow. 41®42c; No. 4 yellow. 40®41c: No. 3 mixed. 40® 41c; No. 4 mixed. 39©40c. Oats—Weak: No. 2 white. 30‘4<a31',ic: No. 3 white. 29' 2 ®3o'ic. —lnspections Whsat— No. 1 red. 1 car: No. 2 red. 9 cars. Total. 3 cars. Corn—No. 2 white. 1 car: No. 3 w’hite. 1 car: No. 1 yellow. 1 car: No. 3 yellow 10 cars; No. 4 yellow 1 car. Total. 14 cars. Oats—No. 2 white. 3 cars: No. 3 white. 1 car. Total. 4 cars INDIANAPOLIS WAGON WTIEAT City grain elevators are paving 80 cents for No. 2 soft red wheat, utner grades on their merits. ASHLAND LOAN FIRM TO ASK U. S. CHARTER Federal Assoeiation Plans Are Made By Officers Here. Officers of the Ashland Savings and Loan association are making plans to organize a federal savings and loan association which will be operated in conjunction with the present institution. The Federal Home Loan Bank of Indianapolis has given permission for the new organization. Organizers expect to raise SIOO,OOO by subscriptions to shares. A similar amount will be available from the government, the two funds creating a fund for real estate loans. Offices have been opened at 212 North Delaware street, with Frank S. Clark, president. T. W. Whitaker, vice president; John Hauck, secretary and R. H. Edwards, treasurer.

CHURCH GROUP TO HEAR STATE Y. M. C. A. OFFICER C. A. Tevebaugh Will Speak at Fellowship Dinner. Guests at the midweek fellowship dinner of the Northwood Christian church tomorrow night will hear C. A. Tevebaugh, state secretary of the Y. M. C. A. His subject will be “Our Adventure With Youth.” Mrs. Carolyn Ayres Turner, director of the church choir, will have charge of a musical program. Dinner will be served by the women’s council of the church. Fire Reports TUESDAY 12 04 p. m.. 2148-50 Hovev, residence. 820. 2.05 p m.. 1545 North Senate, cream plant, small loss. 2.12 p. m . 342 West Eleventh, residence, *25 2 36 p m., 2602-04 North Illinois, residence, $lO 7 49 p. m , rear of 227 East Maryland, soup kitchen. $25 CHICAGO FRUIT MARKET By l niteil PrniK CHICAGO, March 7 —Apples—Michigan Baldwins. *1.15® 1.5 bushel. Carrots—llll- - 40® 50c bushel Spinach—Texas. 65 ® 90c bushel. Beans—Southern green. $2 25® 2.5: wax. 52 50 Cucumbers--Cen-tral western hothouse, s2® 2 50. two dozen. Tomatoes—Florida. sl® 1.75 box. Sweet potatoes—Tenne=see. $1 60® !65 bushel; Indiana. $1.70® 1.75. Rhubarb—Michigan hothouse. 25® 35. five pounds Rutabagas Central western, 75® 80c. flftv pounds. Turnips—Central western 40® 50c bushel. Mushrooms—lllinois. 17’35c-pound carton Asparagus—California crates *3 25*a 5 doten bunches. Onion marke’. 50-lb. sacks Western Valencias. 51® 130; central western yellows, *l®. 1.5; central western whites. $1.75. WE ADVISE SELECTIVE BUYING OF SECURITIES AT THIS TIME. Consult with our Statistical Dept. T. P. BURKE & COMPANY INCORPORATED Investment Securities Circle Tower Riley 8535 INDIANAPOLIS Ft. Wayne, Lincoln Bank lower