Indianapolis Times, Volume 45, Number 259, Indianapolis, Marion County, 9 March 1934 — Page 32

PAGE 32

Morgan & Cos. Not Expected to Take Over Van Sweringen Railroad Properties for Loan. BY RALPH HENDERSHOT Timet Soecial Financial Writer

It would be extremely surprising if J. P. Morgan &. Cos. took over the huge railroad empire built up by the Van Sweringen brothers, ever though the firm is privileged to do so at almost any time. The Cleveland capitalists pledged a controlling stock interest in the Alleghany Corporation for loans with the bankers and were unable to meet payments or

the loans at maturity. The bankers, consequently, could attach the collateral, and, since Alleghany owns a controlling interest, either directly or indirectly, in most of the Van Sweringen railroads, they would experience little difficulty in taking over the properties. But Morgan & Cos. would have little, if anything, to gam in stepping in and operating the properties. The bankers already dominate the management of the companies to a greater or lesser degree and would have little difficulty in forcing their will on this management should the occasion arise. Actual operation would involve certain responsibilities to other stockholders. whereas as things now stand they need think only of their own interests. Moreover, bankers seldom make good operating men. Their training is along different lines. So they would be obliged to hire someone else to run the properties, anyway, and they would have difficulty in getting better men than are now at the helm. And by taking interest payments in new notes they are building up their equity in the company, whereas if

Ralph Hendershot

they were to take over the stock they might not fare so well. man bum Capitalists Were Daring On the other hand, it would be rather rough on the Van Sweringen brothers to lose their properties. They have been among the most constructive capitalists of the country' in recent years, and their only mistake, apparently, was that they had too much confidence in the economic outlook. Their financial operations, though daring, were conducted under the supervision of the interstate commerce commission and the Morgan firm. a a a a a a The chain store and mail order houses appear to be enjoying good business. The fourteen leaders reported February sales 14.6 per cent in excess of sales for the corresponding month last year. In January the same stores reported an increase of 15 per cent. It is possible, however, that part of the increases this year over 1933 was due to the higher prices prevailing in 1934. The mail order business in particular was helped in no small measure also by the better conditions prevailing in the farming areas as a result of government help.

New York Stocks ~~——— ,g v Abbott. Hoopln Sc Cos. i ——————

—March 9 OH*— Prev. High Low. 10 30. close. Amerada 48 Atl Rli 30"a Barn.sdall -8% Consol Oil 13 12% 12% 12% Cont ol Del... 19 18 a Houston inew| 4 3 4% Houston toldt . 25 Mid Cont Pet 12% 12% Ohio Oil ■ 13% 13% Pet Corp 12 Phillips Pet 17% 17% Pure Oil 13’a 12% Roval Dutch 23 • a Sbd Oil 35% 34% Shell Un I°% 10% Skelley Oil 10, Soc Vac 16% 16% 16% I*% S O of Cal 38 38 SOof N J 45'a 45% 45% 45% Sun Oil . ;>B' Texas Corp ■ 26 7 a 26% Tidewater Assn 11% 11% Un Oil of Cal 18 Steels— Am Roll Mills .. 24 7 a 24% 24 7 a 24% Beth Steel . .... 44'* 43 7 a 43 7 a 44 Byers AM . ■ 28'2 27% Cruc Steel Gulf Sts Steel 41 Inland Steel _ 45 Ludlum Steel 17*4 17% McKeesport Tin .. •• Bi'a Natl Steel 51 50% Rep Iron Sc Steel 23% 23'a 23’* 22% Rep Iron & St pf fi l U S Smelt . 128'2 127% 128% 127 Vanadium 27*s 27 5 a Mid Steel 10'a U S Pipe & Fdy 28% 28'2 28 7 a 27% U S Steel . 54% 54’2 54 1 2 54% U S Steel pfd 92 Youngst’n S Sc T .. ... 29‘ 2 29'a Rails— Atchison 66% 66% Atl Cst Line 47'* BSc O 30'* 30 Can Pac 16% 16'* Ch Sc Ohio 44'a 43% C M Sc St P 6% 6% C M Sc St P pfd 10% Chi N W 13% 13% Chi R Isl 4% Chi R I 7 - pfd 8 Bela Sc Hua , 62% Erie • 21% 21 Grt North pfd 29 28% 28% 29 111 Central 32% 32% K C Sou 16 Lou Sc Nash 53 MK & T 12% 12 Mo Pac • - •• -7% Mo Pac pfd 7% N Y Cent 37% 37% 3<% 3.% N Y Chi Sc St L 22 NY C A- St L pfd ... , 30% N Y New Haven ... 18% 18% N Y Ont & Wes 10 Norfolk At Wes 3 Nor Pac 31% 30 a 31% 30^ Penn R R 35 34% 34% 34% Sou Pac 28% 28 282* Sou R R 31% 32 Sou R R pfd 35'* Union Pac 128 Wabash 4 West Mary 15% 15% Motors— Auburn • js_* 55 Chrysler 54% 54% 54% 54% Gen Motors • 3i_s Hudson Mot .::::: ::: 4% Mac[ Truck .l" 34'2 35 * Nash ... 27 Packard 3 * *, Reo sj* Studebaker " j 8 Yellow Truck 5 ' 8 Motor Access — Bendix J® 8 I® 8 Bohn Alum 59% Bor* Warner 25 24% Briggs lb *" 8 Budd Wheel 44 Eaton Mfg 20 Elec Auto Lite 29% 29% Houd A 3% Mullins Mfg 12% Murray Body • Stew Warner J 8 Timken Rol 36% 3a% Alaska sun 20% 20% 20% 20% Am Smelt 45% 45% 45 2 45 Anaconda 15 * 15 s Cal Sc Hecla .5% 5% Cerro de Pasco . 36% 36% 36% 34% Granbv }*. Gt Nor Ore .. 13% 15'* Howe Sound .. •• ••• 48% 48 Ins Copper 5% • Int Nickel . 2. 2 2.• Kennecott Cop 20% 19 7 a 20% 19% Kennecott Cop 20% 19% 20% 19% Noranda Cop 38-a 38 2 Phelps Dodße .. .. ••• 16% 16% Tooaecos— Am Sum Tob 19% Am Tobacco A 6. % Am Tobacco B ... >l% <O% Ligß Ac Myers B 83% Larrfilard . 17% Reynolds Tob B 41% 40% 41% 41 Equipments— Allis Calmeis .. .. ... 19% 19% Am Car A Fdy 29% Am Loco .. ... Am Mach A Fdy .. .*. ... 17 Am Steel Fdy .. ... • 21 s * Bald Loco ... 13% 13% Burroughs * Case J I 73 % 73% Cater Tract ... . 29% Cal Palm Peet .. 17% 17% 17% 17% Colgoleum .... . . 27% Elec Stor Bat .. .. ... ... 47 Foster Wheeler .. ... ... 19% Gen Am Tk Car 41 % Gen Elec 22% 22 22% 21% Gen R R Sig 43% Ingsol Rand .... ... 65 Int Bus Mach 141 Int Harvester 41% 41% Kelvtnator ... ... 20% 20% Natl Cash Reg 20 ls% Proc A Gamble. .. ... 37% Pullman Inc ■ 55% Simmons Bed .... ... ... 20 Und Elliott 46 West Air B 30% Westmgh Elec 40 -*0 Worthington P 26 Utilities — Am A For Pwr 10% 10% Am Poe_r A Lit 9% Arr T \Vat‘wks 20% 20% 20% 20% Col Ga s A Elec 15% 15'; Com A Sou 2% 2% Consol Gas - •• 39 39 % Elec Pwr A Lit. .. • •% ■% E P A L pfd - • 13% Int TAT 15% 14% 14% 13'; Lou GAEA.. ... 17% Nat Per A Lit 12% 12 North Araer 19% 19% Pac C. A E 1?% 19% Pub Serv NJ•• .. ••• 3<% 38 So Cal Edison 18% 18% Btd Gas 13% 17-a Std Gas pfd ... . 12% 12% United Corp % 6% 6% 6% Un Gas Imp • I.H l*=a Ut Pwr A Lit A 3 s * West Union ... 55% 55'* 55% 54% Rubbers— Firestone 21% 21% Goodrich 16 Goodyear 3® 3 < % U S Rubber 1?% 19% 19% 1% U S Rubber pfd • - 44 43 Kel Spring 3 a Atnusemenls — Croslev Radio Pox Tbea 14% Loius Inc 32% 32% 32% 32 Radio Corp -■ •, '• RKO . 3 a 3% 3 7 a 3% Warner Bros 6% 6 s * Food* Am Sugar 52% mgmamr A R 5 a Borden Prod .. . 23% 23% 23% 23% Cal Packing • 24 7 ,' Canada Dry G A .. Coca Cola 106% Bak A- 12% Corn Prod • .. 72 71% .2 il l 2 Crm of Wheat 32% Gen Foods 33% Gold Dust . 19% JP W Sugar 27% 27% 27% 37:*

Wall Street

Hershev 52 Int Bait 25 3 * Loose Wiles 40% 40% Natl Biscuit . 40 7 a 40% Natl D Prod . ..| 16 15% 15% 15% Purity Bak 16% 16% 16% 16 S Porto Rico S 33 Std Brands ... ... 21% 21% United Fruit 64% 64% Ward Bak A 2% Wrigley 58% Retail Stores— Ass Dry Goods 15% 15% Best A Cos 32 Gimbel Bros ... ... 5% Gimbel pfd . 27 Gr Un Tea 7% 7% 7% 7% Hahn Dept Sts . .. 7 Jewel Tea . 44% Kresge S S 20 -19% 20 19% Kroger Groc .. 3l 30% Macy R H 54% 54% Mav Dept St . . . 41% Mont Ward 32% 32% 32% 32% Penney J C 66 Safeway St ... ... 52% Sears Roebuck ... ... 48’- 44% Woolwerth ... .. 51 Aviation— Aviation Corp . . . 8% 8 Douglass Air 22% 22% 22% 22% Curtiss Wright . 4% 4% Curtiss Wr A . . . 9% 9% North Am Av 6V g 6% United Aircraft 24'a 24% 24% 25% Chemicals— Air Reduction 98% Allied Chem .. ... 150% Am Com Alcohol 53 53 Col Carbon . . . 563, Com Solvents .. 27% 27% Dupont 98% 98% 98% 97% Freeport Tex . . . 453, Liquid Carb . ... 27% Math Alakli 35% 35% Tex Gulf Sulph .. . . 38 Union Carbide 45 44% U S Ind Alcohol 53% Nat Dist inew) 2 9 , 28% 29 28% Drugs— Coty Inc 7% 71, Lambert 26% Lehn & Fink . ig~ 8 Zonite Prod 6% 6% Financial— Adams Exp 9% 9% Allegheny Corp ... ... 33, 3-1, Chesa Corp . .. 393,, Transamerica ... 7% 7 7% 7 Tr CBntl Corp 5% 51 e Building— Am Radiator ... I4i 8 143 Gen Asphalt ... .. 18% Int Cement- 30-3, Johns Manville .. ... 57 Libby Owens Gls .. ... 37% 36 3 * Otis Kiev 16 1 ■> 16% Ulen Const ' 3% Miscellaneous— Am Bank Note ign'f' n?i. Ca "w -r J 01 '" 10058 Brklyn Man Tr . .. ... 71 Conti Can . .. ... 78% 77 Eastman Kodak 86% Owens Bottle 86% Gillette 11% n4 Glidden ... 22 % 22% Gotham Silk 103„ Indus Rayon ... ... 84 Inter Rapid Tr . .. ... ... 93Real Silk Hose n New York Curb <Bv Abbott. Hoppin A Cos) —March 8— Close. Close Allied Mills 8% Gulf Oil of Pa 70 Alum Cos of Am 22 Hiram Walker 48 Am Cvanide B 18% Hud Bay Min. .. 123„ Am Gas &El 25', Humble Oil 41 Am Superpower 33„ imp Oil Ltd.!..' 133, Ass Gas Ac E%c 1'- Int Petrol . 21% Atlas Corp 12% Lake Shore Min 47% Can Ind Ale A 15% Natl Bellas Hess 3% Marc 3-aNewmont Min 53 3 * pities Serv _3% Nia Hud Pwr.. 6% x onsl Gs of Bit 57 Novadel Agene 64% “ ro "n Crk Inti 6% Pan Am Airwvs 39 Deere Ac C 0.... 29% Park Davis .... 24% i Distl Lim 22-37 Penn Road ... 3% Distl Corn 18% St Regis Paper. 3% Dow Chem ... 70% Sal Crk Prod.. 6% ? , Bod A Sti .. 18% Sherwin Wms . 65% -isk Rubber 19-6. st.d of Ind 28'%>rd of Can A 23 Std of Kv 16% of Europe 7% Technicolor Ind 9% ven Aviation 7 Tech Hughs Gold 6% Glen Aldn Coal 18% Un Pwr A Lt A 3% W'rieht Harg Min 8%

Investment Trust Shares

Bv Abbott, Hoppin Ac Cos. —March 8 Bid Ask American Bank Stocks Corp... 1.15 1.20 *.mer & General Sec A 500 700 American <fc Inv Tr Sh 1 54 Basic Industry Share' 3.40 3.50 British Tvoe Inv Tr Sh 60 .70 Collateral Trustee Shares A . 4.75 5.00 Corporate Trust Shares ioU'.. 2.13 -2.17 Corporate Trust Shares inew ■ 2.40 2.44 Cumulative Trust Shares 4.12 4.18 Diversified Trust Shares A. . 6 25 Diversified Trust Shares B . 8 00 8.25 Diversified Trust Shares C.. . 3.18 3.22 Diversified Trust Shares D ... 490 4.98 First Insurance S'ock Coro. . . 1.28 1.32 First Common Stock Corn 83 .86 Fixed Trust Oil Sharf- A . .. 8.60 8.75 Fixed Trust Oil Shares B . .. 7.40 760 Incorporates Investments ... .18 50 18.75 Land Bank Bond Shares.. 106 1.18 low Priced Shares 6.25 Mass. Inv Trust Shares 19.07 20.73 Nation Wide Securities 3.46 3.52 N Am Trust Shares 153• 188 1.92 N Am Trust Shares 1.55-56■ ... 2.40 2.44 N Am Trust Shares • 55-561 .. . 2.04 2.44 N Am Trust Shares 'sß' 2.51 2.56 Selected’ American Shares . 1.15 1.20 Selected American Shares Ins . 1.15 1.20 Selected Cumulative Shares 2.60 .... Selected Cumulative Shares . 700 .... Selected Income Shares 3 50 3.70 Std American Trust SharesA. . 3.05 3.10 Trust Shares of America . . 2.86 2 90 Trustee Std Oil A 5.60 5.75 Trustee Std Oil B . 5.25 5 50 U S Electr c L’ Ac Power A . 12 25 12.50 Universal Trust Shares .. 3.08 3.12

U. S. Government Bonds

By l nited Pr: ss NEW YORK March 8 —Closing Liberties Decimals represent thirty-seconds. 1 LIBERTY 3%s (32-47) 102 19 First 4%* (32-47i 103.2 4'*s (33-381 103.18 TREASURY 4's 3%s 45> 101.7 4 : *s (47-52 110. 3\s <43-47 101.14 3%s 143-43* March 101.17 3%s 40-43' June 101..8 3's *4l * 101.6 3%s 46-491 99 28 3s (51-55) 98 9

Daily Price Index

/>.!/ I nit(d Press NEW YORK March B.—Dun & Bradstreet s daily weighted once index of thirty basic commodities compiled for the United Press 1 1930-1932 Average. 100i. Today .new 1934 highi 109 52 Yesterday 108 69 Week ago 108.59 Month ago 108.16 Year ago Bank Holiday 1934 High March 8) 109 52 1934 Low i Jan. 3 1 101 05 Copyright, 134. By Dun £ Braasireet. Inc.

SECURITY LIST SHOWS UNEVEN TRADING RANGE Mining and Silver Shares Are Firm; Few Issues Move Lower.

Average Stock Prices

Average of thirty industrials for Thursday High 103 44. low 100 iB. close 103 22. iup 1.62. Average of twenty rails: 48 62. 47 07. 48.32. up 72. Average of twenty utilities 26 48. 25 72. 26 36. up 48. Average of forty bonds 92.02. up .07 Average of ten first rails: 67.77, up .07. Av- : erase of ten second rails 81 46. upu .01. Average of ten utilities: 95 30. up 13 Average of ten industrials: s)3 55, up 05. BY ELMER C. WALZER, United Press Financial Editor NEW YORK. March 9. Prices moved irregularly in a narrow range in a moderately active opening today on the Stock Exchange. Aviation, mining and silver issues were firm: rails held steady; oils were mixed; steels were steady to firm. first sale of United States Steel was made at 54%. unchanged. Bethlehem firmed to 44%, up Vi, and Republic Steel )%, up %. Small gams were noted in such issues as Atchison, American Smelting. United States Smelting. National pistillers, Auburn Auto, Du Pont. National Power & Light. Kennecott, Texas Corporation, Mclntyre Porcupine, Alaska Juneau, and Western Union. Home&ake Mining, highest priced of the active issues, opened at 350%, up 3% points to feature the gold mining section. Minor declines were noted in United Aircraft, New York Central, Radio Corporation, Standard Oil of New Jersey, Anaconda and Public Service of New Jersey, j During the early dealings volume shrank with prices holding around the previous closing levels. United States Smelting continued in demand. rising to 128%, up 1% after opening at International Nickel firmed % point to anew top for the year on a block of 5,000 shares. Standard of New Jersey regained its initiaj loss. United Aircraft eased in the early trading.

Bank Clearings

INDIANAPOLIS STATEMENT —March 9 Clearings $1,545,000.00 Debits $4,408,000.00 TREASURY STATEMENT By United Press WASHINGTON. March 9.—Government expenses and receipts of the current fiscal year to March 7. compared wjth the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $4,375,796,159.30 $3,496,713,607.80 Receipts 1.971.450.321.41 1.289.041.096.97 Deficit 2.404.345.837,39 2.207.672.510 83 Cash Bal 4,854.365.527.90

Foreign Exchange

By Abbott, Hoppin Sc Cos. —March B. „ Close. Sterling. England $5.07% Franc. France 0657 Lira. Italy 0857 Belgios. Belgium 2330 Mark. Germany 3965 Guilder. Holland 1 6727 Peseta, Spain ,1361 Krone. Norway 2555 Krone. Denmark 2271

Federal Farm Loan Bonds

By Blyth * Cos.. Inc. ' —March 8— Bid. Ask. 4s Nov. 1. 1957-57 93% 94% 4s May 1. 1958-38 93% 94% 4%s July 1, 1956-36 94% 95% 4%S Jan. 1. 1957-37 94% 95% 4%s May 1. 1957-37 94% 95% 4%s Nov. 1, 1958-38 94% 95% 4%s May 1. 1942-32 96% 98 4%S Jan. 1, 1943-33 96% 98 4%s Jan. 1. 1953-33 95% 96% 4%s July 1. 1953-33 95% 96% 4%s Jan. 1, 1955-35 95% 96% 4%s July 1, 1955-35 95% 96% 4%s Jan. 1. 1956-36 95% 96% 4%s July 1 1953-33 96% 98 4%s Jan. 1, 1954-34 96% 98 4%s July 1. 1954-34 96% 98 5s May 1, 1941-31 99% 100% 5s Nov. 1. 1941-31 99% 100% Home Loan 4s. July 1, 1951 97 97% Marriage Licenses Charles Chenelle. 34. Ft. Benjamin Harrison. chauffeur, and Louise O'Keeffe. 26. Brevort hotel, housekeeper Samuel Dock, 25. ol 1138 South Illinois street, clothing business, and Esther Sacks, 24. of 3680 North Delaware street, secretary. Walter Patrick, 29. of 539 North Pershing avenue, operator, and Lillian Sturn. 24, of 3662 Creston drive, clerk. Guy Block. 36. of 739 South East street, laborer, and Mary Vittorio. 31. of 656 South East street, factory worker. Harry Casper. 23. Odon. Ind . carpenter, and Ada Haig. 21, of 1415 East Vermont street, housekeeper. Walter Kampovsky Jr.. 22. of 942 Moreland avenue, commercial artist, and Helen Cockrum, 18. of 966 North Tibbs avenue, housekeeper. t John Terry. 32. of 520 West North street, moulder, and Anna Belle Evans. 27. of 511 California street, waitress. Russell Helmer. 39, of 421 Parkw’ay avenue, machinist, and Valeria Hanson, 28, of 421 Parkway avenue, saleswoman. Births Boys Ralph and Vjola Dakin. 2430 Finlev. Tay and Ava Roberts, 1311 East Michigan. Girls Vernon and Ayalin Senefeld. 1203 Warman. Sylvester and Mayme Sharp. 1417 Spann. Deaths Eliza Pruett. 93. 5528 College, arterio schlerosis. Scott A. Sammons. 61. 122 South Elder, angina pectoris. Market Cowan. 61. 3146 North Delaware, cerebral hemorrhage. John F Gallivan. 59. St. Vincent's hospital. arterio schlerosis. Charles E. Bridges. 39. Veterans’ hospital. valvular heart disease. Gladys Sommerville, 33, city hospital, meningo encephalitis. Jesse W T m. Oberhausen. 43. Veterans' hospital, carcinoma. Milton Earl Thomas. 8. Rilev hospital, mastoditis. Ethel G Clemens. 58. 816 North Keystone. hypostatic pneumonia John Rvan. 51. 1039 Division, acute cardiac dilatation. James Bern. 69. Monucent Circle, coronary c-clusion. Bessie Thomas Whitlock. 59. 806 Berkley road, cerebral cedema Hattie Warner 43. 812 Meikle. cerebral hemorrhage. Louisa Jackson. 69, city hospital, intestinal obstruction. Rose Drake. 65. 546 West Tw-enty-fifth. coronary occlusion. Sylvia Jane Brown. 1 month, city hospital. broncho pneumonia. NEW VORK COFFEE FUTURES —March 8— SANTOS High Low Close March 11 00 10.90 10.90 Mav 11.20 11.06 11.08 Julv ... 11.30 11.15 11.19 September 11.99 11.46 11.50 December 11.72 11.60 11.62 RIO January 8.88 March 8.52 Mar 8.78 8.65 8.65 Julv 8.80 8.70 8.70 September 8.87 8.80 8.84 December 8.92 8.76 8.78 FATHER AND SON NIGHT OBSERVED BY CHURCH 200 Attend Observance Featured by Musical Program. The West Michigan Street M. E. church observed Fathers aid Sons night Wednesday at the church. The Rev. William Morgan gave the convocation. E. O. Snethen spoke. Wesley Small was master of ceremonies for the musical program. More than 200 attended.

THE INDIANAPOLIS TIMES

Bond Prices

Bv Ffnner Ac Beanet —March 9 High. Low. 10:30. Allfg Corp 5s 'SO 29 28 % 28% Am Sc For Pwr 5s 2030 45% 49 49 AT AT db 5 s 65 .. 107 % 107 107% Atchison sen 4s 95... 99% 99% 99% B Sc O cv 4%s 60 70 69% 70 Can Pac 4s ’57 78% 77% 78% ChMSfPAP adj 5s A 2000 19% 19 19% ChMS’PAP rs 5s 4 75 51 50% 50% Cons Gas NY 4%s 51 98% 98% 98% Denmark 5%s '55 95 Det Ed 5s E 52 104% Erie RR rs 5s 67 71% 70% 71 French 7s 4P 177% Goodvear 5s '57 95 3 * 95% 95% Gt Nor 4%s D '76 78% Gt Nor 7s A 36 .... 96% 96 96% Interboro RT 5s '66 . 71 70’* 71 Int T Ac T db 5s '55 64 63 63% MrKess&Robb 5%s 'SO 71% 71 71 Nat Dairy db 5%s '4B . 88% Nor Am 5s '6l . 81 % Penn RR 4%s D 'Bl ... 94 93% 94 Poland 7s '47 97% Roval Dutch 4s A 45 136% Shell Un Oil 5s 47 95% Sin Cons 6%s B 38 103% Texas Corp 5s 44 101 Tob Pr NJ 6%s 2022 105% Un Pac Ist 4s 47 102% 102% 102% US Rubber 5s A 47 80 79% 80 Vanadium 5s 41 .. 82% Western Un 5s 'sl 89 Ygstwn S&T 5s B '7O . 86% 86 86%

Bright Spots

By Abbott. Hoppin At Cos. , General Motors Company February sales totaled 58.911 units, against 23,438 in January and 42.280 in February, 1933. Bnrg Warner Company’s 1933 net profit totaled 51,196.279 after charges, against net loss of $598,300 in 1932. Dodge Brothers, automobile dealers, in first nine months of 1933 made delivery of 25.128 vehicles, against 13.209 in the like 1932 period. Ward Baking Company declares a quarterly dividend of 50 cents a share on preferred stock. American Telephone and Telegraph Company's January net operating income was $1,468,512. against $459,497 in . January, 1933, Lehman Corporation declares the regular quarterly dividend of 60 cents a share oil the common stock. J. C. Penney Stores’ February sales amounted to $11,744,961. against $8,455,073 in the like 1933 month. International Harvester Company and affiliates in 1933 had a net loss of $ 1,886.257 after charges, against $7,582,789 j in 1932. American Super Power Corporation declares the regular quarterly dividend of $1.50 a share on the first preferred stock. Hershey Chocolate Company and affiliates in year ended Dec. 31 had a net profit of $1,246,034 after charges against $4,737,765 in 1932. *— Graham Paige Motors Corporation and subsidiaries in 1933 had a net profit of $66,997 after taxes, depreciation and other deductions against a net loss of $2,810,852 in 1932. Lehigh Valley Railroad company January net income was $7,584 after charges against a deficit of $678,693 in January 1933. National Tea Company sales for four j weeks ended Feb. 284 totaled $4,735,402 I against $4,650,848 in the like 1933 period. Hudson Motor Company reports entire force is now' working and that anew high j for several years was reached Monday i w’hen 655 cars were put out by the plant. Buick Motor Company reports its plant is operating according to schedule with all \ employes at work. E. E. Fischer, vicepresident of the Fischer Body Company announces that the company’s plants at Detroit and Flint. Mich., are both working with full forces. Other Livestock By 7 imes Special LOUISVILLE. March 9.—Cattle—Receipts 150; supply very light: demand dependable: market fully steady: bulk common to medium steers and heifers. $4415: better finished kinds quotable. $5.25<<x6. or better: bulk beef cows. $2 50'53.25-; good smooth kinds, $3.50 and above for heifer types: most low cutters and cutters, $1,25 ©2.25; sausage bulls mostly $3.50 dowm; few heavy kinds higher Stocker and feeders unchanged: calves, receipts. 300; vealers, steady: bulk better grades. [email protected]: strictly choice handyweights eligible higher; medium and lower grades. $4 50 down. Hogs—Receipts. 1.000, including 259 directs: pigs, 120-140 lbs., steady; other weights and classes. 10c higher; 170-240 lbs., $5; 245-270 lbs., $4.65; 275 lbs. up, $4.30; 145165 lbs.. $4: 120-140 lbs.. *2.65; sows. $3.05; stags. $1.75. Sheep—Receipts, 25; mostly steady: medium to good lambs. $7.50© 8.50: choice kinds eligible. $9 or better: 1 throwouts mostly $5.50; fat ewes. $2.50 ©3. A. & P. MONTHLY SALES SHOW GAIN OVER 1933 Increase of 83,156,686 Shown Over Same Period of Last Year. Sales of the Great Atlantic & Pacific Tea Company for the fourweek period ending Feb. 24, amounted to $64,271,548. This comi pares with $61,104,862 for the same period in 1933, and is an increase of $3,166,686, or 5.18 per cent, i February sales expressed in tons ; were estimated as 377,782 this year, compared with 409,632 in February, 1933. This is a decrease in quan- | tity of merchandise sold of 31,850 tons, or 7.78 per cent. Average weekly sales in February amounted to $16,076,887, compared with $15,276,215 in 1933, an increase of $791,672. Average weekly tonnage sales totaled 94.446, compared with 102,408 in February, 1933, a decrease of 7,962 tons. RYAN CLAIMS POLITICS CAUSED HIS DISCHARGE Fired Because He's Republican, He Says; Huxley Issues Denial. Charge that he was dismissed as an employe in the civil works real estate survey “because he was a Republican" was made today by Wesley Ryan. 5602 Carrollton avenue. A. C. Huxley, survey supervisor, who dismissed Mr. Ryan, denied the charge and said he knew nothing of Mr. Ryan's politics. He said the dismissal was based on reports that Mr. Ryan was one of several who attended a meeting of CWA employes in which proposed candidacy of Perry H. Easton for the Democratic nomination for mayor was boosted. CARLOADINGS ON GAIN Increase Is 122,929 Over Same Week of 1933. Bu United Pregg WASHINGTON, March 9.—The American Railway Association this afternoon announced carloadings of revenue freight for the week ended March 3. totaled 604.137 cars, an increase of 30.766 cars over the preceding week and an increase of 122,929 cars over the corresponding week in 1933. 995 CORN LOANS MADE 5694,312.30 Borrowed So Far by Indiana Farmers. Indiana corn loans from the federal Commodity Credit Corporation total $694,312.30 to date, it* was announced by Martin L. Lang, state commissioner of weights and measures, who is in charge of the crib seaiers. There have been 995 loans made on 1,542.894 bushels sealed in 1,223 cribs. Mr. Lang reported. Infant Severely Burned James Hicks, 9 months son of Mr. and Mrs. Fred Hicks, 1713 Lockwood street, was scalded severely yesterday when he drove his scooter against his father, upsetting a kettle of boiling water which Mr. Hicks was carrying. His condition is said to be critical at city hospital.

HEAVY HOGS UP 10 TO 20 CENTS; OTHERS STEADY Cattle Market Unchanged; Vealers and Lambs Stationary. Two-way trading range featured the pork market in the early session at the Union Stockyards this mornj mg. Good butchers classes displayed an increase of 10 to 20 cents, while other kinds remained steady with yesterday's average. The bulk. 160 to 200 pounds, sold for $4.65 to $4.75, while medium butchers from 200 to 275 pounds ; were selling at $4.80 to $5. Heavy weights, scaling 275 to 350 pounds, brought $4.60 to $4.75. Regular classes of lighter weights. 130 to 160 pounds, sold at $3.25 to $4. while light slaughter pigs, scaling 100 to 130 pounds, were available at $2.25 to $3.25. Receipts were estimated at 4.000. Holdovers, 331. Initial activity was scarce in the i cattle market, with practically all | rades of steers quotably steady a t the previous close. She stock showed little change. Receipts numbered 400. Vealers resumed a steady trend, salable at $6.50 down. Receipts were 500. Trading continuel scarce and unchanged in the lamb market. Bulk i medium class lambs ranged from $8 to $9. Choice grades were not available, but quotable up to $9.50. Receipts were 500. Asking on hogs at Chicago was | strong to slightly higher, with few ; early bids weak at $4.65 down. Re- ! ceipts were estimated at 16,000, including 4.000 directs; holdovers. $2,000. Cattle receipts were 2.000: calves, 1,000; market unchanged. Sheep receipts numbered 8,000; market stationary. HOGS Mar. 3. *4 60 © 4.75 $4.75 1,500 j 5. 4.75®) 4.90 500 4.000 I 6, 4.50©) 4.65 475 8.000 7. 4.50©! 4.65 4.75 5.000 1 8. 4.65©! 480 4.80 5.000 , 9. 4.65@ 4.75 5.00 4.000 Market, Hi/ther. | (140-160) Good and choice . . -$ 3.75® 4.00 —Light Weights—- | (160-180) Good and choice.... 4.65 | (180-200) Goo dand choice.... 4.75 —Medium Weights—-i2oo-220) Good and choice 4.80©! 5.00 (220-250) Good and choice ... 4.80® 5.00 —Heavy Weights—-(2so-2901 Good and choice ... 4.75© 5.00 (300-350) Good and choice ... 4.60@ 4.75 —Packing Sows—(3so down) Good 3.75©i 4.00 (350 up) Good 3.50©! 3.85 (All weights) Medium 3.25® 3.60 —Slaughter Pogs—-(100-130) Good and choice 2.25@ 3.25 CATTLE Receipts. 400; 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 (675-750) Good and choice 5.25® 6.50 Common and medium 3.00 Q 5.25 (750-900) — Good and choice 4 75® 6.25 Common and medium 2.15® 4.75 —Cows—- ! Good 3.25©) 3.75 j Common and medium 2.75©! 3.25 ] Low cutter and medium 1.50® 2.75 —Bulls (yearlings excluded) : Good (beef steers) 2.75©! 3.50 | Cutter, common and medium.. 1.50® 2.75 VEALERS Receipts, 500; market, steady. | Good and choice $ 6.00® 6.50 i 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—- | (500-900) Good and choice 4.00® 5 25 Common and medium 2.75® 4.00 (800-1.5001-Good and ch'/ice 4.00® 5.25 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 500; market, steady, j i9O lbs. down) Good & choice .$ 9.00® 9.50 : (90110 lbs. i Good & choice.. 8.75© 9.25 j (90 lbs. down) Com. Ac 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 9.—Hogs—Receipts, 16,000. including 4,000 directs; steady to 10c lower than yesterdav; 170-300 lbs., $4.40®4.70; top. '54.75; pigs, $2.50®3.50; packing sows, $3.75©4; light lights, 140160 lbs., good and choice. $3.50© 4.40; light ] weights, 160-200 lbs., good and choice. $4.10 @4 70; medium weights, 200-250 lbs., good i and choice. $4.50©4.75; heavy weights. 250350 lbs., good and choice, $4.25©4.60; packi ing sows, 275-550 lbs., medium and choice, j s3.so'© 4.15; slaughter pigs. 100-130 lbs., good and choice. $2.50© 3.50. Cattle—Receipts, 2,000; calves, 1.000; fed steers and yearlings and good light heifer s strong; | few well-finished steers here; bulk selling ]at $5©5.75; best yearlings. $6.35; 1.423 lbs. steers. $5.75; others slow; about steady; cutter and low cutter cows, $1.75©, j 2.50; best veal, s6® 6.50; slaughter cat- ! tie and vealers. steers. 550-900 lbs., good J and choice, $6©7.65; 900-1.100 lbs., good j and choice. s6® 7.65: 1.100-1,380 lbs., good iand choice. $5.50© 7.50; 1,300-1.500 lbs., i good and choice. $4.75®7.25; 550-1,300 lbs., ; common and medium, $3.75©6; heifers. | 550-750 lbs., good and choice. ss© 6.50: common and medium. $3.50© 5: cows, good, I $3.50© 4.25; common and medium. $2 75© 3.50; low cutter and cutter, $1.50©!2.75: i bulls, yearlings excluded, good, beef, $3.25 j ©3.75; cutter, common and medium. $2.50 | ©3.35: vealers, good and choice, $5.25©. 6.50; medium. [email protected]; cull and corpI mon, $3.50® 4 50; stocker and feeder cattle. steers, 500-1.050 lbs., good and choice, $4.50© 5.75; common and medium. $3.25© i 4.75. Sheep—Receipts, 8.000; fat lambs. | active, fully steady to stronger; sellers ! asking 10 to 15c higher; best frequently j held at $9.25 and above; early bids down to $9 and below; sheep, steady; desirable I ewes. $5©5.50; slaughter sheep and lambs, i lambs, 90 lbs. down, good and choice. $8.50 © 9.25: common and medium. s7©B 65; 90- | 98 lbs., good and choice, sß© 9.25; ewes, ! 90-150 lbs., good and choice. $4®5.60; all 1 weights, common and medium. s3® 4.50. FT WAYNE. March 9. —Hogs—Steadv; 200-250 lbs.. 54.65: 250-300 lbs.. $4.80; 1501200 lbs., $4.50 300-350 lbs.. $4.30: 150-160 lbs., $3.75: 140-150 lbs.. $3.50; 130-140 lbs.. $3.25: 120-130 lbs., $2.75; 100-120 lbs., | $2.25; roughs. $3.50; stags. $2. Calves. $6.50; lambs. $9, LAFAYETTE. March 9.—Hogs—Market steady to 10c higher; 250-325 lbs.. $4.50® 4.70; 200-250 lbs., $4.60© 4.65; 170-200 lbs., $4.50; 140-170 lbs., $3.50© 3.75; 120-140 lbs.. 53©3.25; 115-125 lbs.. 52.50®2 75; ICO-115 1 lbs.. $2®2.25: roughs. $3.75 down; top ; calves. $5.50; top lambs. SB. PITTSBURGH. March 9.—Hogs—Receipts, 600; holdovers, 750: weights above 170 lbs . mostly 15c higher; lighter weights j continued dull with little or no demand; I ! packing sows. 25c up; 170-220 lbs., ss©. I : 5.50; 220-260 lbs.. $4.90®5; heavier butch- ! i ers, $4.65© 4.90: 150 lbs. down, including ; (lighter weight pigs. $2.50® 3.50; according I ’ to weight and quality: sows, largely $4. Cattle—Receipts. 50; steady, calves, receipts, 300; steady to weak; good and choice sorted wool-skin lambs, $9.75; common to medium quotable. s6® 9; clipped lambs. $7.75 down; sheep, steady. CLEVELAND. March 9.—Cattle—Receipts. 100; light run today and prices steadv; oS 25 cents for the week, choice steers, $6.50© 7; 650 to 950 lbs.. $5.50® 6.50; 900 to 1,200 ibs.. 55.50© 6.50; heifers 600 to 850 libs.. $4.50®5.50: medium. $3.50©4.50; cows good. $2.50©3.50; medium. $2©2.50. Calves —Receipts. 200: market steady today and down $1.50 for the week: prime vealers. $7 ©7.50; choice vealers. s6© 7; medium. $4.50 ® 5 50. Sheep and lambs —Receipts. 500 market steady today and off 25 cents for the week; good to choice wool lambs. $9 ©9.75: medium to good. ss©7; prime wether sheep. ss© 6; choice ewes. $4.50© 5.50. Hogs—Receipts. 1.000: market 10 cents lower today; prices down 25 cents for the week; 250 to 300 lbs., $4 25® 4.50: 220 to 250 lbs.. 54.50©4.75: 180 to 210 lbs., $4 75; 150 to 180 lbs., $4.75; pigs 100 to 140 ibs . $3; roughs. $2.7-5; stags. $1.75. EAST ST. LOUIS. 111.. March 9.—Hogs— Receipts. 5.000: market, steadv to 5 cents higher; top. $4.70; bulk 180 to 240 lbs. $4.60 ; ©4.65: no heavies sold: few 160 to 170 lbs.. $4.25© 4.50: 140 to 150 lbs. 53.253.75; pigs not established; sows. *3.40® 3.75; mostly 53.65 down. Cattle —Receipts. 800: calves 800: market, vealers 25 cents lower: top. S6: sausage butts steady to strong other ! classes steady in clean-up trade: a fewi steers. $4©4.60; mixed yearlings and heifers. *4® 5: cows, 52.75® 3.50; low cutters . $1.25® 1.75: top sausage bulls, $3.15: ; nominal range; slaughter steers. $3.75© 16.75: slaughter heifers. *3.52©6 25; I slaughter steers. 550 to 1.100 lbs., good ana 'choice. $5.50© 6 75: common and medium. $3.75© 5.75; 1,100 to 1.500 lbs . choice. $5.50 : © 6 50. good $4.75®6.25: medium. $4 25® i 5.50. Sheep—Receipts. 1,200: market opened steadv io city butchers: lew choice wooleu lambs. 59.25; no action on others; lambs. 90 lbs. down, good and choice. [email protected]: common and medium. J6®8.75: 90 to 98 lbs., good and choice. $8 25© 9.25; yearling wethers. 90 to 110 lbs., good and choice. *6.50©8.25: ewes. 90 to 150 lbs., good and choice. *3.75©5 50- all weights common and medium, *2.75®4^,5.

Chicago Stocks ' ■ Rr Abbott. Hoppin * Cos.

TOTAL SALES. 40 000 SHARES —March 8— High. Low. Close. Abbot Lab *5 Adams Mfg 1 Adams Royalty ?% Allied Products .• j ‘ Altorfer Bros 22% 21% 22% Am Pub Serv Pfd --••• i, Bastian-Blessing 7% 6-a < Bendix Aviation 19% 18% 19% Borg-Warner 25 24 25 Brown F Ac W "A" ... 8% E L Bruce Cos Butler Bros 11% 10% 11% Canal Construction Cent 111 Pub Serv pfd. 19 17 17 Cent Sc So West 1% 1% 1% Chi Sc North Western .. 13% 12% 15% Chicago Corp Com 3% 33% Chicago Corp pfd 28% Chicago Yellow- Cab 11% Cities Service 3 Commonwealth Edison. 55 54 54% Continental Steel ... 9% Cord Corp 7% 6% 7_ Crane Cos 8% 8% ! Crane Cos pfd 60 58 60 Godehaux ■Bi 8% 8% 8% Goldblatt Bros 16 15% 16 Great Lakes Dredge . . IP Ger. Household Util 13% 12% 13% Houdaille-Hershey ißi 5% 5% 5% Illinois Brick ... 5% Iron Fireman 11% Katz Drug 32 Kellogg Switch com 3% Kentucky Ut Jr cum p 18 Keylstone Steel .. ... 17 Lawbeck Corp. 6% pfd .. ... 25 Libby-McNeil Lincoln Printing pfd Marshall Field 17% 17% 17% Mickelberry's Food Prd 2% 2% 2% Middle West Utilities % Mid Wst Util 6% pfd A 1% 1% 1% Nob-Sparks Indus Inc. 14% 14% 14% No Amer Light & Pwr. .. ... 2% Oshkosh Overall 5% Perfect Circle 31% 30% 31% Prima Cos ... 9 Pub Serv 6% pfd 65 Quaker Oats ... 115'^ Quaqer Oats pfd ... 121% Rath Packing 25 Ryerson & Cos 17% Southern Union Gas... 1% 1 1% Stutz Motor Car C of A .. 6% Swift Ac Cos 16% 15% 16% Telephone Bd&ShA. .. ... 3% Thompson JR 8% ' 8 8 Transformer Cor of Am . . ... 3

On Commission Row

—March 9 1- runs Cranberries—Cape Cod early blacks. 25lb. box. $2.50. Pears—Calavos (12- 16-20-245). $3.50. Strawberries—Florida ,15c per pint. Bananas —Per pound. sc. Apples—Wealthy, Wolf River. Grimes Golden, Jonathan. Florida. $1.3502.15 a bu.. fancy Stavmans. $2.25 a box. Grapefruit—Texas. [email protected]. Oranges—California Navels. $3.50. Pineapples $3 a % crate. Vegetables Cabbage—New Texas, half crate, $1.35. Onions—lndiana red. 50-lb. bag. $1.35 Indiana yellow, 50-lb. bag. $1.35. Beans—Round stringless, hamper, s3® 3.25 Beets—Bulk per bu.. $1.25; Texas, new $1.50 a crate. Peas—3oc lb. crate. $3.25 * Carrots—California. $3.25 a crate; pet doz.. 60c; bulk per bushel. $1.15. Cauliflower —California (10-11-12s) crate $1.60, Celery—Michigan Mammoth. dozen. 85c; medium bunch, 45c; hearts. 35c. California, $2.40 a crate. Cucumbers—Hothouse. $1 15 Der dozen. Lettuce —Iceberg. best i4-ssi 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 round whites. 100-lb bag. $2 25; R. R. Ohios. 100-lb. bag. $2.30; 15-lb. bag 40c: Idaho Russets 100-lb bag $2.25. Sweet Potatoes —Nancy Halls, per bu. $1.85.

Produce Markets

• Delivered in Indianapolis Prices —Hens, 10%c; Leghorn hens, 10c: Leghorn spring-er-stags. 6c; large springer-stags, 9c: i cocks, sc; Leghorn cocks, 4c; ducks, full , feathered and fat. 4% lbs. and over. 8c; geese. 6c; young guineas. 1% to 3 lbs.. ( 35c; old guineas, 25c. No 1 strictly fresh ! country run eggs, loss off 13c; 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® 29c- No. 2. 24®25c: butterfat. 22c.—Quoted by Wadley Company By United Press CHICAGO. March 9. Eggs Market steadv; receipts. 17.142 cases; extra firsts. 16%c; fresh graded firsts. 16 %c; current receipts, 15%c; dirties, 14%c. Butter—Market, steady: receipts. 7.968 tubs: storage extras (92 score). 24%c: storage : standards 190 score 1. 24%c; extra firsts i (90-91% scorei. 25%©26%c; firsts (88-89% score. 24%©25%c; seconds (86-87% scorei, 23 %c: extra (92 score'. 26%c: specials, 27©27%c: standards. 26Vic. Poultry—Mar- ! kef. steady: receipts. 29 trucks, one car due: turkey hens, 17c; hens. 13%@15c: Leghorns, 12c; ducks. 12©15c; geese. 10c; roosters. 9%c: colored springers, 17c; broilers (Plymouth Rocks 1. 24c. Cheese — Twins, 14%© 15c: Longhorns, 15@15%c; daisies. 15©15'ic. Potatoes —Old stock, supply liberal: demand and trading slow: market dull: Wisconsin round whites, few sales. $1.70© 1.75; Minnesota Red River I Ohios. 1 car. $1.60; Idaho Russets, s2© 2.05. New York —Supply moderate; demand and trading slow; market about steady: | sales to jobbers. Florida, bushel crates, j *1.70® 1.75. Shipments, 850; arrivals, 55: | on track; 253. NEW YORK. March 9.—Potatoes—Weak; Long Island, $2.25© 2.85 barrel; Maine. $1.50© 4.40 barrel: Idaho. $2.50© 2.60 sack; | Bermuda, ss© 6.75 barrel; Canada. $2.15'" | 2.25 barrel. Sweet potatoes—Dull; Jersey I ipasket, 50c® $1.75; southern basket. 85c i ®51.25. Flour—Dull; springs: patents, $6 15© 6.40 barrel. Pork—Firm; mess. s2l ' barrel. Lard—Steady; middle west spot. ! $6.70© 6.80 per 100 lbs. Dressed poultry—- ; Quiet; turkeys. 15©25c; chickens. B©29c; I broilers, 14©30c; capons. 10®32c; fowls. I 13© 18c; Long Island ducks. 15©15%c. I Live poultry—Steady; geese, 8© 12c: turI keys. 18© 20c: roosters. 10c; ducks, 8© 12c; (fowls, 15©18c; chickens, 13©19c: capons, 13©25c; broilers, 13©22c. Cheese—Quiet: state whole milk fancy to specials, 19®20c; Young America, 16c. CLEVELAND. March 9.--Butter—Market, firm: extra 31c; standards, 30c. Eggs—Market steady; extra white. 16%c; current receipts. 16c. Poultry—Market, weak; colored : fowl medium. 16© 17c; Leghorn fowl. 3% lbs. and up. 13® 14c: Leghorn fowl light, 12c; springers smooth. 16©17c; capons 8 lbs. and up. 22c: colored broilers, 25c.; stags. 12c: roosters. 9c: ducks white 5 lbs. and up 18c: ducks light. 16c: geese. 12c. Potatoes—Maine best. 52.50; Idaho. $2.30© 2.35: Ohio and New York best. $2.10®2.15; Florida best $1.75® 1.85 bushel box. Fire Reports Thursday 7:51 a m.. 519 North East, apartment. SSO. 9:09 a. m.. 148 West Washington, theater, SIOO. 9:49 a. m.. 5140 East Schofield, automobile, small loss. 12:19 p. m., 2210 Miller, residence, small loss. 1:09 p. m.. 1321 West Thirtieth automobile, small loss. 4:55 p. m 3922 College, residence, no loss. 5:27 p. m.. 4535 North Keystone, residence, small loss. 6:24 p. m.. 2860 Highland Place, residence, no loss. 6:34 p. m., 1514-16 Ashland, residence, no loss. 6:42 p. m., 1321 College (rear), tree, no loss. 7:17 p. m.. Meridian and Walnut, false alarm. Friday 12:53 a. m., 1145 East Twenty-second, false alarm. 4:12 a. m.. 17-23 West Pearl, printing shop, no loss. NEW YORK RAW SUGAR FUTURES —March 8— January 1 1.71 March 1-51 Mav 1.57 1.56 1.57 Julv 1-61 Sentember 1.66 1.65 1.65 December 1.71 1.70 1.70

We have prepared an Analysis on Sonotone Corporation Listed on the New York Curb It will be mailed to you on request. • ktvasimsni SscurltißS Ptaff 8 Hughel INCORPORATED Chicago, Ft. Wayne, Evansville INDIANAPOLIS ■tool* Bldg. / Lincoln 251 k

Utah Radio 1% Vortex Cup Cos (A) 27 Wahl . 2 Walgreen Cos com 23% '23% 23% Zenith Radio 3’, 3% 3%

Indianapolis Cash Grain

—March 8 — The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. q. b shipping point, basis 41 % New xork rate, were: Wheat—Steady: No. 1 red. 81©82c; No. 2 red. 80®81c: No. 2 hard. 80©81c. Corn—Steady: No. 3 white. 418 42c: No. 4 white. 40®41c; No. 3 yellow. 403 41c; No. 4 yellow. 39®40c No.' 3 mixed. 39© 40c; No. 4 mixed. 38® 39c. Oats—Steadv: No. 2 white. 30>g31c- No. 3 white. 29®30c. —lnspections Wheat—No. 3 red. 3 cars. Total. 3 cars Corn—No. 1 white. 3 cars; No. 2 white, 4 cars; No. 3 white. 6 cars; No 4 white 4 cars: No 1 yellow. 1 car; No. 2 vellow 10 cars: No. 3 yellow. 19 cars; No. 4 veliow. 2 cars, No. 3 mixed. 1 car. Total. 50 cars. Oats—No. 2 White. 6 cars; No 3 white 2 cars; No. 4 white, 1 car. Total. 9 cars. INDIANAPOLIS WAGON WHEAT City grain eievators are paying 79 cents for No. 2 soft red wheat, other grades on their merits. NEW YORK CASH GRAIN By United Prcgg NEW YORK. March B.—Cash grain Wheat—No. 2 red. $1,03%: No. 2 hard winter, $1.03%. Corn—No. 2 mixed. 58%c Oats—No. 3 white. 43%c. CHICAGO CASH GRAIN By United Preg.t CHICAGO. March B.—Cash grain: Wheat —No. 3 red. smut. 84%c. Corn—No. 3 mixed. 48%c: No. 4 mixed. 48c; No. 2 yellow 48%© 49c: No 3 vellow. 48® 48%c No. 2 white. 50%®51c; No. 2 white, old. al%c; No. 3 white. 49%®50c: sample grade white, old. 47c. Oats—No. 1 white 35c; No. 2 white. 34®36%c: No. 3 white, 33%©34c: No. 4 white. 30©32%c: sample erade white. 31 %c Rve—No Sale. Timothy—s7.2s© 7.50. Clover Seed—sll© 13.75 Cash Provisions—Lard. $6.45; loose, $6 45 leaf. $6.62: S. bellies. $8 12. ST. LOUIS CASH GRAIN By United Pregg ST. LOUIS. March B.—Cash grain: Wheat—ln fair demand, tone steadv: No 1 red. 89%c; No. 2 red. 89' 2 c nominal; No. 2 hard. 87c nominal; sample hard. 75%c; No. 3 mixed, 85%c. Corn—ln fair demand. % to 5 cent lower; No. 2 mixed 49c; No. 2 yellow. 49©49%c; No 3 yellow. 48%c; No. 2 white. 50%c. Oats—in fair demand; tone steady; No. 2 white. 34%cNo. 3 white. 34%c: No. 4 white, 33%c; No. 3 mixed, 34%®35c.

In the Cotton Markets

—March 8— CHICAGO High. Low. Close. January 12.70 12.52 12.70 March 12 21 May 12.33 2.11 12.33 July 12 43 2.25 12,43 December 12.67 12 48 12.67 NEW YORK January 12.60 12 43 12.54 March 12.05 11.99 12.03 May „ 12.25 12.05 12.25 July 12.37 12 18 12.36 October 12.50 12.28 12.48 December 12.60 12.40 12.59 NEW ORLEANS January 12.59 12.58 12.58 March 12 22 May 12.23 12.03 12.21 July 12.36 12.17 12.33 October 12 48 12.28 12.46 December 12.54 12.37 12.54

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 PR’CES Anthracite *4.25 Coke, nut size 8 75 Coke, egg size 8."5 Indiana, forked lump 5 50 Indiana, egg 5 00 Indiana, mine run 4 75 Kentucky lump 7.00 Pocahontas lump 825 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8 25 West Virginia-4ump 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 bin

We Huy and Sell HOME OWNERS' LOAN CORPORATION 4% Bonds due 1951 Interest guaranteed by U. S. Government. Exempt from all taxes except surtaxes, inheritance, estate and gift taxes. i Indianapolis Bond and Share Corporation 129 E. Market St. Telephone Riley 4551

Edward Boren Insurance • Wine & Beer Bonds 408 Continental Bldg. LI-1508

Conservative Business Invited 3mcrican national Bank AT INDIANAPOLIS

Active Trading in Government Municipal Land Bank Catholic Church and Institutional Bonds Real Estate Bonds and Stocks General Market Securities A. J WICHMANN & CO., INC. 712 CIRCLE TOWER, RILEY 1810 INDIANAPOLIS, INDIANA

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 *.^° r |k Indianapolis Montreal Pittsburgh MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange, Inc. Npw York Coffee and Sugar Excnange, Inc. Chicago Mercantile Exchange § Co-Managers James T. Hamill Kenneth K. Woolling

."MARCH 9, 193?

GRAINS DISPLAY LITTLE CHANGE; VOLUME LIGHT Wheat, Oats Turn Lower: Corn Prices Advance Fractionally. BY HARMAN W. NICHOLS United Pres ~a(T Correspondent CHICAGO. March 9.—The firrain market remained stagnated at the opening of the Board of Trade today with prices little changed. Wheat deliveries held unchanged to % cent lower, corn was up % to % cent, and oats were unchanged to % cent lower. Irregular but about steady stocks either to buy or sell. Market sentiment was mixed yesterday at the close. Many traders regarded the late advance as purely one of correcting a technical weakness, and one that would not extend far. while others believed that the show of strength would materially disturb the short interest, particularly as the market has been so stubborn in the face of a much improved crop outlook. - ■ - - • Chicago Primary Receipts March 8— Bushels — Today. Last week. Wheat 450.000 290.000 Corn 337.000 264.000 Oats 97.000 196 000 Chicago Futures Range March 9 WHEAT— Prey. High. Low. 10:00. close. May 86% .86% .86% 86% July 86% .85% .86 .86 Sept. 87% .87 .87% .87% CORN— May 51% .50% .51 .50% July 53 .52% .52% .52% Sept 54% 54% .54% .54% OATS— May 33% .33% .33% .33% July 34% .33% .33% .34 Sept 34% .34% .34% .34% RYE— May 59 \ .59% .59% .59% July .60% .BO 7 * Sept 63 .2% .62% .62% BARLEY— May .. ,45% .45% July .47'4 .47'* TOLEDO CASH GRAIN By United Press TOLEDO. March 8 —Grain close: Grain in elevators transit billing. Wheat—No. 2 red. 91 ©92c Corn—No. 2 vellow 54® 55c. Oats—No. 2 white. 38®39c Rve— No. 2. 66© 67c Track prices 28% rate. Wheat—No I. 87%© 88c; No 2. 86%®87c. Corn—No. 2 vellow. 50®50%e: No. 3 vellow. 48'2 © 49c: No. 4 vellow. 47%©48c. Oats—No. 2 white. 34%®\36%c: No. 3 white, 34© 36c. Toledo seed close: Clover —March. $8.25. Alstke Cash, $8.50. CHICAGO FRUIT MARKETO By l nited Pregg CHICAGO. March 9. Apples, Michigan Baldwins, bushel, $1.25® 1.50; Spies, bushel, $1.75. Carrots—lllinois, 40® 50c busgiel Spinach—Texas. 65© 80c bushel. Beans Southern green. s2© 2 ,50 bushel: wax, s2©' 2.50. Cucumbers—Central western hothouse. s2© 2.50, 2 dozen to box. Tomatoes— Florida. sl® 1.25 box. Sweet potatoes— Tennessee, sl6o© 1.70 bushel: Indiana. 51.65® 1.75. Rhubarb- Michigan hothouse 25® 35c, 5-pound cartons. Rutabagas - Central western, 75© 80c, 50-pound sacks Turnips—Central western. 40© 65c bushel - Mushrooms—lllinois. 17' 2 ©35c pound cartons. Aspahagus—California. $2 5<M7 475 dozen bunches. Onion market 150-lb. sacks): Western Valencias. ~1 in 1 30; central western, hothouse, $1711.05: central western whites, $1.15.

WE BUY—SELI—QUOTE BUILDING A LOAN ASSOC lATION PASS BOOYIS AND TAID-Ur STOCK X. P. BURKE & COMPANY INCORPORATED Investment Securities Circle Tower. . Klley 8535. INDIANAPOLIS Ft. Wayne, Lincoln Hank Tower

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