Indianapolis Times, Volume 45, Number 260, Indianapolis, Marion County, 10 March 1934 — Page 12
PAGE 12
Wall Street Morgan & Cos. Not Expected to Take Over Van Sweringen Railroad Properties for Loan. B\ RALPH lIENDERSHOT Times Special Financial Writer
It would be extremely surprising if J P. Morgan <fc Cos. took over the huge railroad empire built up by the Van Sweringen brothers, even 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 on
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 A: Cos. would have little, if anything, to gain 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 some one 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 Ilendershot
they were to take over the stock they might not fare so well. a a a a it a 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 ~~~~“ (By Abbott. Honpln Ac Co.l —————
—March 9 Prev. Oils— High Low Close, close. Amerda 48% 47% 47 s * 48 AM Rfg 31% 31 31 30% Barnsdall 8% 8% 8% S' 2 Consol Oil 13 1 * 12% 12% 12% Cont of Del . 19% 18% 19 18% Houston (new). 4 3 4 4% 4% 4% Houston told) . . .. 25% 25 Indian Rfg . 3% 3's 3% Mid Cont Pet 13 12% 13 12 3 Ohio Oil 13 3 4 13 1 a 13% 13 3 4 Pet Corp 12’4 12 3 s 12'a 12 Phillips Pet ... 18% 17 % 17% 17% Pure Oil 13', 13 13% 12% Roval Dutch ■ • • 38% Sbd Oil 36 .74'a 34% 34’a Skelley Oil 10% 10% 10% 10 Soc Vac 16% 16% 16% 17% SO of Cal 38% 38 38% 38 S Oof N J ... 46 45% 45% 45% Sun Oil , 52!* Texas Corp ... 26% 26% 26% 26% Tidewater Assn . 11% 11% 11% 11% Un Oil of Cal .. 18% 18 18% 18 Steel*— Am Roll Mills . 24% 24% 24% 24% Beth steel 44% 42 3 4 42% 44 Byers AM .28% 27% 27% 27% Col Fuel it Iron 7% 7% 7% Cruc Steel .33% 33 33 33 Gulf Sts Steel 41 Inland Steel 45 Ludlum Steel ... McKeesport Tin. . . 87% Natl Steel 51 49 49 50% Rep I & S 23% 22% 22% 22 • Rep lit S pfd 63% 62 62% 61 U S Smelt . . 129% 126' 4 128 127 Vanadium 28% 27 % 27% 27% Mid Steel 19% 19 19 19% Shell Un 10% 10% 10% 10% U S Pipe A: Fdv. 28% 27% 27 t 2.% U S Steel ... 54% 53% 54 54% XJ S Steel pfd . . 92 92 Youngstn 5& T 29% 28% 28% 29% Rails— Atchison 67% 65 65 66% Atl Cst Line.... 48% 47% BAi O 30% 29% 29% 30 Can Pac 18% 16% 17% 16% Ch A- Ohio 44% 43% 43% 43% C M & St P 7% 6% 6 1 * 6 s " CM& St P pfd IPs 11 11 10% Chi N W 14% 13'4 13% 14% Chi R Isl 4% Can R I 7% pfd. . . • • Dela & Hud ... 63% 62 63% 62% Erie 21% 21% 21% 21 Grt Northern pf 29 28 28 29 111 Central 33 32 32 32% K C Sou 17 15% 15% 16 Lou & Nash .... 54% 54 54% 53 MK & T 12% 12 12 12 Mo Pac 5 4’* 4% 4% Mo Pac pfd • < % 7% N Y Cent 38% 37% 37% 37% N Y Cht i St L . - - 22 NYCAcSt Lpf 31% 31 31% 30% N Y New Haven 19% 18# ISOf 18% N Y Ont Ac Wes 10% 10% 10% 10 Nor Pac 31 % 30% 30% 30% Penn R R 35% 34 34% 34% Sou Pac 28% 27 2i% Sou R R 32% 31 31% 32 ISu R R Pfd.... 35% 34% 35 35% Union Pac 127 128 Wabash ■- *■_. * * West Maryl .... 15% 15% 15% 15% ifaotors— ... .... Auburn 56% 54 4 55 55 Chrysler 54% 53% 53% 54% Gen Motors .... 38 37% 3i% 37% Graham Mot ... 4% 3% 4% 3 a Hudson 20 19% 19 a 20 *1 > ’ Nash 21 26'. 2fi'. 21 Packard 5 3 4 5% 5 5 4 Nash 27 26% 26% 2. Reo 5% 5 5 4% Studebaker .... 8 7% < 7% Yellow Truck -. 6% 6 6 5% Motor Access — Bendix 19’a J* 1!" Bohn Alum .... 60 59 59 59 2 Bore Warner ... 25% 24% 24% 24% Briggs 16% 15% 15% 15% Buda Wheel .. 4% 4% 4% 4% Eaton Mfg 20% 19% 19% 20 Elee Auto Lite 29% 28 29 29% H and A 6% 5% 5% 5% Mullins Mfg ... 13 12% 12% 12% Murray Body .. 10% 9% 9% 9% Stew Warner .. 9% 9% 9% 9% Timken Rol ... 36% 35% 35% 35% Mining— _ _ Alaska Jun .... 21% 20% 21 20% Am Smelt ...|.. 45% 44% 45% 45 Anaconda 15% 15% 15% 15% Cal Ac Hecla ... 5% 5 5% 5% Cerro de Pasco 37 36 36% 36% Granby 11% 11% 11% 11 Ot Nor Ore 13% 13% 13% 15% Homestake Min 354 350% 354 Howe Sound .. 46% 47% 48% 48 Ins Copper 5% 5% 5% . Int Nickel . 27% 27 27% 27% Kennecott Cop . 20% 19% 20% 10's Noranda Cop . 39% 38% 38% 38% Phelps Dodge . 16** 16 16 16% Tobacco* — Am Sum Tob ... 20% 19% 19% 19% Am Tob <Ai ... 68% 67% 67% 67% Am Tob iß> •. 71% .0% .0% .0% Gen Cigar • 32% • Lig Ac livers <B> 85% 84% 80% 83", LorrlUard 17%. 17% 17% 17% Reynolds T 181 41% 40% 40% 41 i quinments— Allis Chalmers . 20 19% 19% 19% Am Car A: Fdy.. 28% 28 28 29% Am Loco • 35 Am Mach Ac Fdy 17% 17 17% 17 Am Steel Fdv . 21% 20% 20% 21% Bald Loco . 13% 13% 13% 13% Burroughs .. 16% 16% 16% 17 Case J I ... 73% 72% 72% 73% Cater Tract 31% 29% 30% 29% Colgat Palm Pt 17% 17% 17% 17% Congoleum . 28% 27% 27% 27% Elec Stor Bat . 47 46’* 46% 4. Foster Wheeler . 20% 19 19 19% Gen A Tank Car 40% 40% 41 41% Gen Elec ... 22% 21% 21% 21% Gen R R S;g .. 43% 43% Ingjal Rand .. 65% 65% 65% 65 Int Bus Mach .. . 141 Int Harvester .. 41% 4040% 41% Kelvlnator .21% 20% 21 20% Natl Cash Reg 20% 20 20 19% Proc Ac Gamble 38 37% 37% . Pullman Inc 56 54 54 55% Simmons Bed .. 20 19% 19% *0 Und Elliot 46 West Air B ..31% 31% 31% 30 4 Westingh Elec 40% 39% 39% 40 Worthington Pm 26% 25% 2% 46 Am*&**For Pwr 10% 10% 10% 10% Am Power Ac Lit 9% 9% 9% 10% A T & T • 121% 120% 121% 121% Am Wat Wks . 20% 20% 20% 20' 2 Brook Un Gas . "5 74 .4 col Gas Ac Elec 15% 15% 15%. 15%. Col G At E pfd 72% . Com Si Sou 2 3 4 s- ~ * Oonsol Gas 39 38 38% 39 Elec Pwr Ac Lit 7% 7% <% < E P Ac L pfd ... - 13% Int TAc T 14% 14% 14% 13% Lou G Ac E A .. .... J 2% Nat Pwr * Lit 12% 11 s * 11% 12 North Amer 19% 18% 18 • 19% Pac OA- E .. 19*4 19% 19% 19% Pub Serv NJ .. 38 37% 37% 38 So Cal Edison . 18% 18% 18% 18% Std Gas -• 13% 12% 12% 12’. Std Gas pfd ... 12% 12% 12% 12% United Corp ... 7 *• 6% 6% Un Gas Imp ... 17% 1* 1- !■; Ut Pwr & Lit A 4% 4 4% 3% Western Union . 55% 54% 54*4 54% Rubber*— Firestone 22 21% 21% 21% Goodrich 18% 15% 15% 16 Goodyear 38% 3<% 3(% 3.% U S Rubber - 19% 19% 19% 19% U S Rubber pfd 44% 43% 43% 43 Kel Spring .4 3% 4 3% Amusements — Croslev Radio . 14% 14% 14 • 14% Fox The* 15% 14% 14% 14% Loews Inc 32% 31% 31% 33 Radio Corp 8% 7% 8 8% RKO 3 • 3% 3 * Warner Bros ... 6% 6% 6% 6% Foods — Am Sugar 53 52% Armour A .. 6 5*4 5% 5 * Beatrice Cream 14% • Borden Prod .. 23% 23 23% 23% Cal Packing 24 * Canada D 6 Ale H 25 3 . 25% 24% Coca Cola .... . . 106% Cant Bak ▲ .. 12% 12% 13% ...
Corn Prod 72% 71% 72 71 % Crni of Wheat.. 32% 32% Gen Foods . ... 33% 33 33% 33% Gold Dust 19% 19% G W Sugar 28 27 % 27% 27% Hershev 52 Int Salt 25% 25% l-oose Wiles . 40% 40% 40% 40 ! - Natl Biscuit .. 40% 40% 40% 40% Natl D Prod ... 16 15% 15% 15% Purity Bak 16% 16% 16% 16 S Por Rico Sug 33% 33% Std Brands 21% 21% 21% 21% United Friut .. 64% 63 63 64% Ward Bak A 9% 8% Wrigley 59 58% Retail Stores— Ass Dry, Goods 16 15% 15% 15% Best Ac -Co 32% 32 Gmibel Bros ... 5% 5% Gimbel pfd .. 27 27 Gr Un Tea 7% 7 7% 7% Hahn Dept Sts . . ... 7% 7 Jewel Tea 45 441, Kresge S S 20% 19% 20 19% Kroger Groc. .. 31 30% 30% 30% Macv R H ... 54% 53 53 53% May Dept St . 41% 41 41 41 % Mont Ward 32% 31% 32% 32% Penny J C 66% 66 66% 66 Safpwav St ... . 53 52% Sears Roebuck .49 47% 47% 48 % Wool wort h 51% 51% 51 % 51 Aviation— Aviation Corp... 8 7% 8 8 Douglass Air . 22% 21% 22', 22% Curtiss Wright . 4% 4% 4% 4% Curtiss Wri (A) 9% 9% 9% 9% Nor Am Av... 6% 5% 6 " 6% United Aircraft 24% 23% 23% 25% Chemicals— Air Reduction... 98% 98 98 98' 2 Allied Chem ....151 149 149 150% Am Com Alco.. 53% 52% 53 53 Col Carbon ... 69', 67% 68% 66% Com Solvents... 28% 27% 27% 27% Dupont . 98% 96% 96 3 4 97% Freeport Tex . . 451, Liquid Carb 28% 27% 27% 27% Math Alkali . 35% 34% 34% 35% Tex Gulf Sulph 38% 37% 38 38 Union Carbide . 45% 44% 44% 44% U S Indus Alco 55% 54 54% 53' . Nat Dist tnew).. 29% 28% 28% 28% Drugs— Cotv Inc 7% 7% 7% 7', ambert 27% 26% 26% 26% Lehn At Fink ... .. .. 19% %onite Prod ... 7 6% 6% 6% Financial— Adams Exp .... 9% 9% 9% 9% Allegheny Corn 3% 3% 3% 3% Chesa Corp .. 39% 39% Transamerica .. 7% 7% 7% 7 Tr Conti Corn .. 5% 5% 5% 5% Building— Ani Radiator .. 15 14% 14% 14% Gen Asphalt 18% 18 18 18% Int Cement ... 30% 30% 30% 30% Johns Manvillp . 57 56% 56% 57 Libbv Owens cis 37% 36% 36% 36% Otis Elev 16% 16% 16% 16% Ulen Const, 31, Miscellaneous— Am Bank Note.. . ... 18% 18% Am Can ... 101% 99% 99% 100% Anchor Cap . . . 20% Brklvn Man Tr . 30% 30% 30% 31 Conti Can 78% 78 78% 77 Eastman Kodak 90 89 89 86% Owens Bottle ...87% 86 86 86% Gillette 11% U h 3 r Glidden 23% 22% 22% 22% Gotham Silk ... 10% 10 10 10% Indus Ravon .. 84% 83% 84% 84 Inter Rapid Tr ... 9% 9% Real Silk Hose .... ... 11% 11 New York Curb ißv Abbott. Hoppin & Cos.) March 9 Close Close Allied Mills 8% Glen Alden Coal 18% Alum Cos of Am 71% Gulf Oil of Pa.. 69% Am Cvanide B 17% Hiram Walker.. 48 Am Gas &El 24% Hud Bav Min... 12% Am Superpower 3% Humble Oil 41% Ass Gas A: El.. 1% Imperial Oil Ltd 14 Atlas Corp 12% Int Petrol . 22% Brazil TractArLt 12% Lake Shore Mm 48% British Celanese 4 Lone Star Gas . 6% Can lud Ale A 15% Massey Harris 6% Can Marc ... 4 Natl Bellas Hess 3% Carrier Corp .. 7% Newmont Min.. 53 Cities Sen ... 3% Nia Hud Pwr .. 6% Comwlth Ed 54% Novadel Aeene 65% ’ Consol GasArßlt 59% Pan Am Airways 39% Cord Corn , .. 6%Park Dans .... 24'• ! Creole Petrol 11% Penn Road 3% Crown Crk Inti 6% St. Reels Paper 3% Deere *Ca . 29% Salt Creek Prod 6% Distillers Lim . 22%’ Sherwin Wins .. 65% j Distillers Corp 19% Std of Ind 28% El Bond At Sh- 17% std of Kv ..... 16% Fisk Rubber . 18% reck Hughes Old 6% Ford of Can A 23 Un Gas . . 3% 1 Ford of Europe 7% Un Pwr At L,t A 3% i Gen Aviation 6% Wright Harg Min 9
Investment Trust Shares
Bv Abbott. Hoppin & Cos. —March 9 Bid Ask i American Bank S'ocks Corn... 1.15 1.20 Anier A General Sec A 5.00 7.00 i American & Inv Tr Sh 1.5* Basic Industry Share* 340 3.50 British Type Inv Tr Sh 60 .70 Collateral Trustee Shares A . . 475 5.00 Corporate Trust Shares i01.1i.. 2.13 2.17 Corporate Trust Shares inewi. 2 40 2.44 Cumulative Trust Shares 4.12 * 4.18 Diversified Trust Shares A. ... 6.25 Diversified Trust Share-, B . .. 800 825 Diversified Trust Shares C 3.18 3.22 Diversified Trust Share* D ... 4.90 498 First Insurance S'ock C0r0.... 1.2 R 1.32 First Common Stock Corp 83 .86 Fixed Trust Oil Share- A...... 8 60 8.75 Ihxed Trust Oil Shares B 7.40 7.60 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 ,53> 1.88 1.92 N Am Trust Shares 155-56• ... 2.40 2.44 N Am Trust Shares (55-56 .. . 204 2.44 N Am Trust Shares 58' 2.51 256 Selected American Shares .. 1.15 120 Selected American Shares Ins.. 1.15 1.20 Selected Cumulative Share* .. 260 Selected Cumulative Shares.... 7.00 Selected Income Shares 3.50 3.70 Std American Trust Shares A... 3 05 3 10 Trust Shares of America 2.86 2 90 Trustee Std Oil A 5 60 5.75 Trustee Std Oil B 525 5.50 V S Electric Lt & Power A. ...12 25 12 50 Universal Trust Shares 3.08 3.12
U. S. Government Bonds
By l ailed Press NEW YORK. March 9^—Closing Liberties: Decimals represent thirty-seconds' LIBERTY 3%s (32-47) 102 ?0 Ist 4%. .32-47) 103 4 4:h 4%s .33-38) 103.14 TREASURY 4%S 3s • 45) 101 13 I 4%s (47-52) 110.5 3-%s (43-471 101.24 3%s 41-43 March 10124 3-%s (40-43( June 101.24 3%s 41. 101 16 ! 3%s 46-49) 100 j 3s (51-55) 98 15
Daily Price Index
By United Pm* NEW YORK, March 9 Dun and Bradstreet s dailv weighted nnce index of thirtv basic commodities complied for the United Press. Today 109.92 Yesterdav 109 52 Week ago 109.33 Month aso 108 35 Year aco Bank holiday 1934 high. March 9 109.92 1934 low, Jan. 3 101.05 Copyright. 'Si. By Dua As Bradstrcet. Inc. A
STOCK SHARES CLOSE UNEVEN; VOLUME DROPS Business News Continues Favorable: Canadian Issues Climb.
Average Stock Prices
Average of thirty Industrials for Thursday High 103 44. low 100 78. close 103.22, ip 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 46 Average of fortv bonds 92 02 up 07 Average of ten first rails 67.77. up .07 Average of ten second rails 81 46, upu .01. Average of ten utilities 95 30. up 13 Average of ten industrials: 93 55, up .05. BY ELMER C. YVALZER United Press Financial Editor NEW YORK, March 10.—The stock market poked along to an irregular close yesterday. Although business reports were more favorable—car loadings advanced, steel production continues to improve, retail trade is on the upgrade, etc.—there was little incentive for market activity. Traders watched Washington for political i developments. Volume fell below ! the 1,700.000 mark of yesterday. A bright spot came in Canadian stocks. International Nickel and Canadian Pacific led the parade on strength of buying from the United States and London. This led to buying in Canadian mining stocks. Their strength was reflected in mining shares of the United States. Nickel at New High International Nickel ran up to 27 %, a gain of % and anew high of the year, and then eased back to around 27%. Canadian Pacific advanced 1% to 17%. Gains in the mining divison ran from fractions to 7 points, the latter coming in Homstake, which hit 354 for a nwe 1034 high. Mclntyre Porcupine gained 1% to 44%, Noranda was up fractionally, Kennecott gained fractionally to 20%, Alaska Juneau was up more than a point at 21%. Cerro De Pasco gained fractionally, U. S. Smelting was 1 ! 3 higher at 128% and American Smelting gained fractionally to 45%, The remainder of the list - remained dull and slightly easier, save for a little strength in the distillery stocks occasioned by some foreign buying. United States Steel was off fractionally to below 54, Dupont lost fractionally. Motor Issues Drop General Motors at 37 3 4 and Chrysler at 53% were off fractionally. Some strength came into the retail shares, but Kresge common was an exception, dropping 3 ! ,4 points to 3%. Wheat showed fractional gains at the close. The bond market—including United States governments —was stronger, while cotton showed a little easiness. Sales yesterday approximated 1.370.000 shares against 1.700.000 Thursday. Curb sales were 290,000 shares against 271.000 Thursday. Dow-Jones preliminary averages showed industrial, 102.44. off .77; railroad, 48.12, off .20; utility, 26.18, off .18.
Bank Clearings
INDIANAPOLIS. STATEMENT —March 9 Clearings $1,545,000.00 Debits $4,408,000.00 TREASURY STATEMENT By Vnilfd Press WASHINGTON, March 9.—Government expenses and receipts of the current fiscal vpar to March 7, compared w,ith 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 89 2.207.672,510.83 Cash Bal . 4.854.365.527.90
Foreign Exchange
By Abbott. Hoppin & Cos. —March 9 Close. Sterling. England $5.07% Franc. France 0658 Lira. Italy 0856% Belgas, Belgium 2330 Mark. Germany .3968 Guilder, Holland 6725 Peseta, Spain 1363 Krone. Norway 2619
Federal Farm Loan Bonds
By Bl.vth & Cos., Inc. —March 9 Bid. Ask. 4s Nov. 1, 1957-37 94% 95% 4s Mav 1. 1958-38 94% 95% 4%S Julv 1. 1956-36 95% 96% 4%s Jan. 1, 1957-37 95% 96% 4%s May i. 1557-37 95% 96% 4%S Nov. 1. 1958-38 96% 96% 4%s May 1. 1942-32 98% 99 4%s Jail 1. 1943-33 98% 99 4%s Jail. 1. 1953-33 96% 97% 4%s Julv i. 1933-33 96% 97% 4%s Jan. 1. 1935-35 96% 97% 4% * Julv 1. 1955-35 96% 97% 4'-s Jan. 1. 1956-36 96% 97% 4 1 s Julv 1. 19.63-33 98% 99 4 3 /s Jan. 1, 1954-34 98% 99 4%s Julv 1. 1954-34 98% 99 5s Mav 1, 1931-31. 100% 100*4 5s Nov. 1. 1941-31 100% 100% Home Loan 4s, July 1. 1951 ... 97% 97% Marriage Licenses Charles Chenelle. 34. Ft. Benjamin Harrison. chauffeur, and Louise O'Keeffe, 26. Brrvort hotel, housekteper Samuel Dock. 25. of 1138 South Illinois street, cloihing 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 Kampovskv Jr.. 22. of 942 Moreland avenue, commercial artist, and Helen Cockrum. 18. of 966 North Tibbs avenue, housekeeper. John Terry. 32. of 52D West North street, moulder, and Anna Belle Evans, 27. of 511 California street, waitress. Russell Helmer. 39. of 421 Parkway avenue. machinist, and Valeria Hanson. 28, of 421 Parkway avenue, saleswoman. Births Boys Ralph and V;ola Dakin. 243 P Fbnlev. Tav and Ava Roberts. 1311 East Michigan. Girls Vernon and Avalin Seneteld. 1203 Warman Sylvester and Mayme Sharp. 1417 Spann. Deaths Eliza Pruott, 93, 5528 College, arteriosclerosis Scoit A. Sammons. 61, 122 South Elder, angina pectoris. Market Cowan. 61. 3146 North Delaware, cerebral hemorrhage. John F Gallivan. 59. St. Vincent s hospital. arteriosclerosis. Char'.e* F Bridges. 39. Veterans’ hospital. valvular heart disease Gladys Sommerville. 33. city hospital, menmeo encephalitis. Jesse Wm Oberhausen. 43. Veterans' hospital, carcinoma. Milton Earl Thomas. 8. Rilev hospital, mas'oditis. Ethel G. Clemens. 58 816 North Keystone. hvpostatic pneumonia. John Rvan. 51. 1039 Division, acute cardiac dilatation. James Berrv. 69, Monument Circle, coronarv occlusion Bessie Thomas Whitlock 59. 806 Berklev road, cerebral oedema Ha'tie Warner, 43 812 Mellcle. cerebral hemorrhage. Louisa Jackson. 69, city hospital, intestinal obstruction. Rose Drake. 65. 546 West Twenty-fifth, coronarv occlusion. Sylvia Jane Brown. 1 month, city hospital broncho pneumonia.
ThE jii.;i.',:;ApoLis ti.\ie!s
Bond Prices
(By Fenner ,U Beane) —March 9- - High. Lew. Close. i Aileg Corp 5s 'SO .29 27 29 lAm A- For Pr 5s 2030 49% 49 49 A T & T db 5s 85 ....107% 107 107% : Atchison gen 4s '95 .... 99% 99% 99% IBA Ocv 4%s 60 .... 70% 69% 70% j Beth Steel 5s A 42 ..108% 108 108% Brazil 6%s ‘26i '57 .. 30% 30 30% !Can Pac 4s '57 79% 77% 79% i CMS-PA: Padss A 2000 19% 19 19 | CMSiP A: Prfss A 75 51 50% 50% Cons Ga.s N Y 4%s 'sl 99 98% 98% Det Ed 5s E '52 104% I Erie RRrf 5s 67 71% 70% 71 French 7s 49 177% Goodyear 5s 57 . 96 95'-. 96 Gt Nor 4%s D 76 78% 78 78% Gt Nor 7s A '36 .. 97% 96 97% Interboro P. T 5s '66 . . 71 70% 71 ; Int T Ar T db 5s 55 ... 64 63 63% Loriilard 7s 44 118% 118 118 McKesx A: Robb 5%s 'SO 72 71 72 : Nat Dairy db 5%s '4B 89% 88% 89 ! Nor Am 5s '6l . 82 81 % 82 Pac Gas A- El 5s A '42 105 104% 105 | Para Pub 5%s 'SO 45% ; Penn R R 4%s D 'Bl . 94 93% 93% ' Poland 7s 47 . 97% 97% 97% Royal Dutch 4s A 45 . 137 136% 137 Shell Un Oil 5s 47 96% 95% 96% Sin Cons 6%s B '3B . . 104 103% 104 Texas Corp 5s '44 ... 101% 101 101% i Tob r N J 6%s 2022 106% 105% 106% :Un Pac Ist 4s 47 102*. 102% 102% |U S Rubber 5s A 47 ... 80 79% 79% Vanadium 5s 41 .... 82% 81% 81% Western Un 5s 'sl . 89% 89 89% Ygstwn SAT 5s B '7O 86% 85% 85%
Bright Spots
Bv Abbott. Hoppin A Cos. General Motors Companv February sales totaled 58,911 units, against 23,438 in January and 42.280 in February. 1933. Borg Warner Company’s 1933 net profit totaled 51.196.270 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 Companv 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 on the common stock. .1. C. Pennev Stores' February sales amounted to $11,741,961, against $8,455,073 in the like J 933 month. International Harvester Companv and j affiliates in 1933 had a net loss of sl,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 Companv and affiliates in year ended Dee. 31 had a net profit of $4,246,034 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 $2,310,852 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 Companv sales for four weeks ended Feb. 284 totaled $4,735,402 against $1,650,848 in the like 1933 period. Hudson Motor Company reports entire force is now working and that anew high for several years was reached Monday when 655 cars were put out bv 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 Companv announces that the company's plants at Detroit and Flint, Mich., are both working with full forces. Other Livestock (By United Press) TOLEDO. March 9.—Hogs—Receipts. 175; market, steady: heavy yorkers. $4.60r( 4.70' mixed and bulk of sales. pigs and lights, $2.75fa.4; medium and heavies, $4'S 4.60; roughs. *345 3.25. Cattle—Receipts, 75: market, steady. Calves—Receipts. light; market, steady. Sheep and lambs—Receipts, light; market, steady. CINCINNATI. March 9 Hogs—Receipts, 5.500, including 1.555 direct and through; 75 holdover: market at standstill; salesmen holding for $5 on 175-300 lb. butcher; early bids around $4.85; packing sows unchanged at $3.75. Cattle—Receipts, 500; calves, receipts. 275: mostly steady; bulk steers and heifers. $44?5.35; fat cows, $2 75 4/3.50; low cutters and cutters, $1.5045 2.75bulk shade lower at $3.75 down; calves | unchanged: bulk good to choice. $5.504i 6.50; few $6.75; plainer grades. $3.504i5.50. Shep—Receipts 400; direct and through 250: market, steady; practically no better grade lambs on hand: good to choice mostly quoted from $94/9.50: closely sorted to $9.75; common to medium mainlv s7(tf 8; culls down to $5; fat ewes, $3,504^5. KANSAS CITY. March 9.—Hogs Receipts, 2.000: molding 80 directs; slow, steady, mostly 5c lower than yesterday’s average: top. $4.25 on choice, 180-230 lbs.■ light lights. 140-160 lbs.. $3.35474.10; lightweights. 160-200 lbs., $3,804/ 4.25; medium weights, 200-250 lbs., $4.10474.25; heavyweights. 250-350 lbs., $3.9041 4,20: packing sows, $3.25473.75. Cattle—Receipts, 700' calves. 300; generally steady; few loads fed steers offered, but otherwise mostly a cleanup trad: load of 1.162-lbs. steers $5.90: steers, good and choice, 550-1,500 lbs.. $4.75476.85; steers, common and medium, $3.6047 5.50; heifers, good and choice. 550-900 lbs.. $4,504/6; cows, $2.3547 3.75; vealers. $3,504/6.50; Stockers and I feeders. $4,254/ 5.75. Sheep—Receipts, 2.500; lambs steady to 10c higher: odd lots sheep steady; top fed lambs, $8.85. Bu Times Special LOUISVILLE. March 9,—Cattle—Receipt* 150: supply very light % demand dependable; market fully steady; bulk common to medium steers and heifers, $4475: better finished kinds quotable. *5.254/6 or better: bulk beef cows. $2.50473.25;' good smooth kinds. $3.50 and above' for heifer types; most low cutters and cutters, $1 25 472.25; sausage bulls mostly $3.50 downfew heavy kinds higher stocker and feeders unchanged: calves, receipts. 300- vealers, steady: bulk better grades. $545’5 50strictly choice handvweights 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 05stags. $1.75. Sheep—Receipts. 25; mostly steady: medium to good lambs. $7 50® 8.50: choice kinds eligible. $9 or better: throwouts mostly $5.50; fat ewes. $2.50 @3. A. & P. MONTHLY SALES SHOW GAIN OVER 1933 Increase of 53,166,686 Over Same Period of Last Year. Sales of the Great Atlantic & Pacific Tea Company for the fourweek period ending Feb. 24, amounted to 564.271.548. This compares with $61,104,862 for the same period in 1933, and is an increase of 53.166.686. or 5.18 per cent. February sales expressed in tons were estimated as 377,782 this year, compared with 409.632 in February, 1933. This is a decrease in quantity of merchandise sold of 31,850 tons, or 7.78 per cent. Average weekly sales in February amounted to $16,076,887, compared with 515.276.215 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. CHICAGO FRUIT M.ARKETO 5.i/ Vailed Press CHICAGO. March 9.—Apples. Michigan Baldwins, bushel. $1.2547,1.50; Spies, bushel, $175 Carrots—lllinois. 40® 50c bushel. Spinach—Texas, 654/ 80c bushel. Beans— Southern green. $24/ 2 50 bushei. wax. s24> 2.50. Cucumbers—Central western hothouse, $2472 50, 2 dozen to box. Tomatoes— Florida. $1471.25 box. Sweet potatoes— Tennessee. $1.60471.70 bushel; Indiana, $1,654/ 1.75. Rhubarb —Michigan hothouse. 25® 35c. 5-pound cartons. Rutabagas— Central western. 754/ 80c. 50-pound sacks. Turnips—Central western. 404j65e bushel. Mushrooms—lllinois 17%®35c pound cartons. Aspahagus—California. $2.50474.75 dozen bunches. Onion market. 150-lb. sacks'; Western Valencias. sl® 130; central western, hothouse, $131.05; central western whites. $1.15. NEW YORK COFFEE FUTURES —March 9 Santos High. Low. dost. March 1 10.82 10.80 10.80 Mav 11 05 11.02 11.02 July 11 17 U. 14 11.14 September 11.47 11,44 11.44 December 11.60 11.54 11.55 Rio January' 8.<35 March BT-5 Mav 8.68 8 60 8 60 Julv 8 66 September 8.76 8 71 8 .1 December ... 8.76 NEW YORK RAW SUGAR FUTURES —March 9 High. Low. dose. January . . 1.72 March 1 52 1 48 1 46 Mav 1.55 1.56 1.57 July - 1 64 1.61 1.61 September 1 69 1 65 1.65 December 1.74 1.7 X 1.71
HEAVY HOGS UP 10 TO 20 CENTS; OTHERSSTEADY Cattle Market Unchanged: Vealers and Lambs Stationary. Two-way trading range featured the pork market in the early session at the Union Stockyards yesterday. Good butchers classes displayed an increase of 10 to 20 cents, while other kinds remained steady with Thursday's. Thr bulk. 160 to 200 pounds, sold for 54,65 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 j 100 tc 130 pounds, were available at $2.25 to $3.25. Receipts were estimated at 4.000, Holdovers, 331. Initial activity was scarce in the cattle market, with practically all fades of steers quotably steady at. 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 contmuel scarce and unchanged in the lamb market. Bulk 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- J ceipts were estimated at 16,000, including 4.000 directs; holdovers. $2,000. Cattle receipts were 2 000; j calves, 1.000; market unchanged. Sheep receipts numbered 8.000; market stationary.
HOGS Mar. 3. $4 6047 4.75 $4.75 1.500 5. 4.75®) 4.90 5 on 4 000 6. 4 50®; 4.65 4 75 8.000 /. 4.5047 4.65 4.75 5.000 8. 4.6547 4.80 4 80 5 000 9. 4.65# 4.75 5.00 4.000 Market, Hieher. (140-160) Good and choice ...$ 3.75# 4.00 —Light Weights—-(l6o-180) Good and choice.... 4.65 (180-200) Goo dand choice ... 4.75 —Medium Weights—-(2oo-220) Good and choice ... 4.8047 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# 4 00 (350 up i Good 3.5047 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-I,lOOt Good and choice $6.00# 700 Common and medium 4.00@ 6.00 (1.100-1,500) Good and choice 5.5048 7 00 Common and medium 4.00# 5.50 (675-750) Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-9001 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 cutter and medium 1.50# 2.75 —Bulls (yearlings excluded)Good (beef steers) 2.7547 3.50 Cutter, common and medium.. 1.50# 2.75 VEALERS Receipts, 500; market, steady. Good and choice $ 6.00# 6.50 Medium 3.50# 6.00 Cull and common 2.00® 3.50 —Calves—-(2so-5001 Good and choice 7.004? 7.50 Common and medium —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® 5.25 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 500; market, steady. (90 lbs. down) Good A choice.* 9 00# 9.50 (90110 lbs.) Good A choice.. 8.75# 9.25 (90 lbs. down) Com. A 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 yesterday; 170-300 lbs., $4.40#4.70; top. $4.75; pigs. $2.50®3.50; packing sows, $3,754/4: light lights, 140160 lbs., good and choice. $3,504/4.40; light weights. 160-200 lbs., good and choice, $4.10 #4 70; medium weights. 200-250 lbs., good and choice. $4,504/4.75; heavy weights. 250350 lbs., good and choice, $4.25#4.60; packing sows, 275-550 lbs., medium and choice, s3.so'# 4 15; slaughter pigs. 100-130 lbs., good and choice. $2,504/3.50. Cattle—Receipts, 2,000- calves. 1.000; fed steers and yearlings arrd good light heifer* strong; lew well-finished steers here; bulk selling a; $5#5.75; best yearlings, $6.35; 1,423 lbs. steers, $5.75; others slow; about steady; cutter and low cutter cows, $1,75# 2.50: best veal, $6®6.50; slaughter cattle and vealers. steers. 550-900 lbs., good and choice, $6®7.65; 900-1.100 lbs , good and choice. $6#7.65; 1.100-1.380 lbs., good and choice. $5.50® 7.50: 1.300-1,500 lbs., good and choice, $4.75#7.25; 550-1,300 lbs., common and medium, $3,754/6; heifers, 550-750 lbs., good and choice. [email protected]: common and medium, $3.50® 5; cows, good, $3.50®4.25; common and medium. $2.75® 3.50: low cutter and cutter. $1.50®2.75: bulls, yearling.* excluded, good, beef, $3.25 #3.75; cutter, common and medium. $2.50 4/3.35; vealers, good and holes. $5.25# 6 50: medium. $4.50®5 25; cull and common. $3 [email protected]; stocker and feeder cat'tle. steers, 500-1.050 lbs., good and choice. $4,504/5.75: common and medium, $3,254/. 4.75. Sheep—Receipts, 8,000; fat lambs, active, fully steady to stronger; sellers asking 10 to 15c higher; best frequently held at $9.25 and above; early bids down to $9 and below; sheep, steady; desirable ewes. [email protected]; slaughter sheep and lambs, lambs. 90 lbs. down, good and choice. $8.50 4/9.25; common and medium. s7® 8.65; 9098 lbs., good and choice, [email protected]; ewes. 90-150 lbs . good and choice, [email protected]: all weights, common and medium, $3®4.50. FT. WAYNE, March 9.—Hogs—Steady; 200-250 lbs.. $4.65; 250-300 lbs.. $4.80: 150200 lbs.. $4.50; 300-350 lbs.. $4.30; 150-160 lbs.. $3.75; 140-150 lbs.. $3.50; 130-140 lbs., 53.25; 120-130 lbs., $2.75; 100-120 lbs.. $2.25; roughs. $3.50; stags, $2. Calves, $6.50; lambs. $9. LAFAYETTE. March 9.—Hogs—Markef, steady to 10c higher: 250-325 lbs.. $4.50® 4.70. 200-250 lbs.. $4.60® 4.65; 170-200 lbsT. $4.50: 140-170 lbs., $3.50®3.75; 120-140 lbs.. $34/3.25: 115-125 lbs.. $2.50®. 2.75: 100-115 lbs . s2®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 continued dull with little or no demand; packing sows, 25c up; 170-220 lbs, ss®. 5.50; 220-260 lbs., $4.90®5; heavier butchers. $4,854/4.90; 150 lbs. down, including lighter weight pigs. $2.50® 3 50; according 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 steady; off 25 cents for the week, choice steers. $6.50#7; 650 to 950 lbs.. $5.50® 6.50; 900 to 1.200 lbs.. $5.50® 6.50: heifers 600 to 850 lbs.. $4.50#5.50: medium, $3.50®4 50; cow* 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.. $4,254/ 4 50; 220 to 250 lbs.. $4.50#4.75; 180 to 210 lbs . $4.75; 150 to 180 lbs $4 75: pigs 100 to 140 lbs. $3; roughs, $2.75: stags. $1.75. EAST ST. LOUIS, 111.. March 9.—Hogs— Receipts. 5.000: market, steady 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., $3 25® 3.75: pigs not established: sows. $3 40® 3.75. mostly $3.65 down. Cattle—Receipts. 800; calves. 800; market, vealers 25 cents lower: top. $6: sausage bulls steady to strong: other classes steady in clean-up trade, a few steers. s4® 4.60: mixed yearlings and heifers s4® 5; cows. $2 75® 3.50; low cutters $1.25471.75; top sausage bulls, 13.15: nominal range' slaughter steers. $3.75® 6.75; slaughter heifers. 53.524% 6 25; 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® 5 50. Sheep—Receipts. 1.200: market openea steady to city butchers; few choice wooleu lambs. $9 25: no action on others: lambs. 90 lbs. down, good and choice. S3 50® 9 50: common and medium. $6®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#4.25.
‘POP’ JUNE IS TAKEN BY DEATH
’’’ *
Chicago Stocks ——— Abbott. Hoppin A Cos. ■
—March 9 Total Sales. 34.000 Shares. High. Low. Close. Abbot Lab . 45% Acme Seel Cos 40 39% 39% Adams Mfg 11 10% 11 Adams Royalty 2 1% 2 Advance Aluminum .... 3% 3% 3% Allied Products ... 17 Altorfer Bros ... 22% Assoc Tel Util A pfd % Bastian-Blessing 7% 7% 7% i Bendix Aviation 19% 19 19 : Borg-Warner 25 24% 24% i Borg-Warner pfd . 100 Butler Bros . .. .11% 10% 10% i Cent 111 Pub Serv Dfd.. . 17 j Cht A North Western . 14 13% 13% Chicago Corp com 34 33 Chicago Corp pfd 28 Chicago Flexible Shaft.. . ■ 10 Cities Service . ... 7% 5 3% Commonwealth Edison.. 55 54% 54% Continental Steel . • 10 Cord Corn 7 6% 6% Crane Cos • • • 9 Crane Cos pfd 60% 60 60 Curtis Mfg Cos . 6 Gen Household 14% 13% 13% Godchaux B 9 8% 9 Goldblatr Bros ... 16% 16 16 Great Lakes Dredge ... 19 Hall Printing 8% Houdaille-Hershev B 5% Investment Cos of Am .. ... 11% Jefferson Elec .. ... 13 Kentucky Ut Jr Cum pf .. ... 18 Keystone Steel 17% Libbv-McNeil . S Marshall Field 17% 17% 17% McGraw Electric ..... .. . 5% Mickelberry s Food Prod . . 2% Mid West Util 6®, pfd A 1% 1% 1% Midland United ... % Midland United pfd 1% Midland Utilit 7% P L 2 National Leather . 2 National-Standard . •• 25% 25'% 25% Noblitt-Sparks Indu Inc 14% 14% 14% Northwest Engineering ... 6% No West Util Pr Lien.. .. ... 6‘s Oshkosh Overall ... 5Vs Pines Winterfront .. 1 % Potter Cos 5% 5*4 514 rima Cos ... 9 Process Corp ... 2%
Produce Markets
Delivered in Indianapolis Prices—Hens, 10%c; Leghorn hens, 10c; Leghorn spring-er-stags. 6c; large springer-stags, 9c: rocks, 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 steady; receipts. 17.142 cases; extra firsts, 16 3 4c; fresh graded firsts, 16%c; current receipts, 15 3 4c; dirties, 14%c. Butter—Market, steady; receipts. 7.968 tubs: storage extras (92 score). 24%c; storage standards (90 scorei. 24%c; extra firsts (90-91% scorei. 25 3 4#:26%c; firsts (88-89% score. 24%#25%c; seconds (86-87% scorei, 23%c; extra (92 score). 26%c; specials. 27#27 3 4 c; standards. 26%c. Poultry—Market, .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 i Plymouth Rocks i. 24c. Cheese— Twins. 14%#15c; Longhorns, 15#15%c; daisies, 15®15%c. Potatoes—Old stock, supply liberal: demand and trading slow: market dull: Wisconsin round whites, few sales, $1.70® 1.75; Minnesota Red River 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. $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 niasket, 50c# $1.75; southern basket 85c #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; turkpys. 15#25c; chickens, B®29c; broilers, 14®30c; capons. 10#.32c; fowls, 13® 18c; Long Island ducks, 15#15%c. Live poultry—Steady; geese, B#l2c: turkeys, 18® 20c: roosters. 10c: ducks, 8# 12c; fowls. 15#18c: chickens. 13® 19c; capons, 13®25c: broiler.*. 13#22c. Cheese—Quiet; state whole milk fancy to specials, 19((i2Qc; 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®;l7c'. 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, $2.50; Idaho. $2,30# 2.35: Ohio and New York best, $2 10®2.15: Florida best [email protected] bushel box. CINCINNATI. March 9 Butter —Packing stock No. 2. 18c: butter fat. 23c. Eggs— Steady; extra firsts. 17c; seconds. 15 1 -c: nearby ungraded. 16%c; goose eggs. 75c: duck eggs. 25c. Live poultrv—Fowls. 5 lbs and over. 13c, 4 lbs. and over. 15c: 3 lbs. and over. 15c; Leghorns, 3 lbs. and over. 12c; roosters. 9c; stags, colored. 13c: Lpghorns. 10c; colored broilers. 1% 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., lie: colored. 4 lbs. and over. 11c: under 4 lbs.. 10c; guineas, old, 8c; young guineas. 1% lbs. and over, 18c; 2 lbs. and over. 18c: No. 1 young turkeys, hens. 8 lbs. and over and voung toms, 10 to 15 lbs., 23c; voung toms, over 1’ ibs.. 23c; old tomsz No. 1. 15c.
The History of Gold What does a 50-cent dollar mean to you? Why 99.06 cents instead of 60 cents? Are we on the gold standard? Do we have the “commodity dollar.” Has the dollar ever been revalued before? How many times? At what figure? What is a “gold bullion standard?” What effect have changes in the gold content of the dollar had in past history of the United States? What has been the relationship of silver money to gold in United States history? How many times has congress legislated on gold and silver money? These and hundreds of other questions on the history of gold and silver as money in the United States are answered in our Washington bureau's new bulletin, HISTORY OF GOLD AND SILVER MONEY, just off the press. You will want this bulletin as a handy permanent reference source if you wish to understand the present devaluation action of the President and its relationship to our gold and silver money of years past. Fill out the coupon below and send for it: —; Clip Coupon Herc Dept. SPGS. Washington Bureau, THE INDIANAPOLIS TIMES. 1322 New York avenue, Washington. D. C. I want a copy of the bulletin. HISTORY OF GOLD AND SILVER MONEY, and enclose herewith 5 cents in coin (carefully wrapped), to cover return postage and handling costs: Name Street and No City state I am a reader of The Indianapolis Times.
Quaker Oats . .. 116 115% n.8% ! Reliance International . .. 3 I Reliance Mfg Cos 16' - Sears Roebuck 49 )j i Southern Union Gas 1% 1% 1% ! Standard Dredging Cos . . . ‘ 1 | Sutherland Paper Cos. 8 ! Swift A Cos 16% 16% 16% | Swift International .. 27% 26% 27% Tele Bond A Share A . . . 3% ) Thompson J R 9 8% 8% Utah Radio ... i 3 a Utility & Ind . . ... 1% Utility A Ind pfd ... 4% Viking Pump pfd 2.6', Vortex Cup Cos A 27% Wahl 2 Zenith Radio ... 3' 5
On Commission Row
—March 9 F runs Cranberries—Cape Cod early blacks. 25lb. box. $2.50. Pears—Calavos (12-16-20-24.*). $3.50. Strawberries—Florida ,15c per pint. Bananas—Per pound, ac. Apples—Wealthy, Wolf River, Grimes Golden. Jonathan, Florida, $1.35®2.15 a ’ bu., fancy Stavmans. $2.25 a box. Grapefruit—Texas. $3.25# 3.75. 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 stringiess, 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; per doz., 60c; bulk per bushel. $1.15. Cauliflower—California 110-11 -12s). crate $1.60. Qelery—Michigan Mammoth. dozen. 85c; medium bunch. 45c; hearts. 35c. California, $2.40 a crate. Cucumbers—Hothouse. $1.15 per dozen. Lettuce—lceberg. best (4-ss) 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. 0. P, BEBINGER, 68, DIES AT HOSPITAL Constable of Washington Township Passes. Oliver P. Bebinger, 68, of 2103 Bellefontaine street, died at 5:45 this morning at the Methodist has- ' pital. He had ben ill for three weeks. Mr. Bebinger was constable of Washington township. He formerly served eight years as justice of the peace in Washington township, and held a clerical position in city hall during the first Shank administration. Funeral services will be in the Moore & Kirk funeral home at 10 Monday morning. The body will be taken to Mooresville for burial. Surviving Mr. Bebinger are the widow. Mrs. Katherine Bebinger; two daughters. Miss Gladys Bebinger and Mrs. Dan Wood, Shawnee. Kan.; a son. Charles E. Bebinger; three brothers. Charles S.. Indianapolis; Jacob. Miami, and John. Terre Haute, and two sisters, j Mrs. Walter Hull. Detroit, and Mrs. j William Herlinger, Cincinnati, AVIATION DANCE SET FOR AERO CLUB GROUP Event Will Be Held Wednesday ai Indiana Roof, jj An aviation dance with members of the Indianapolis Aero Club as guests will be held at the Indiana roof Wednesday night under sponsorship of the Tarkington Aviation Company of Municipal airport. Ten regular half-hour flying lessons. under a licensed instructor, will be awarded.
.MARCH 10, 1934
PRICES ADVANCE DESPITE LIGHT GRAIN INTEREST Traders Direct Attention on Supply, Demand Situation. BY HARMAN W. NICHOLS Lnited Press Staff Correspondent CHICAGO. March 10.—Dullness characterized operations on the Board of Trade yesterday and spec- ! ulative interest hit a dead center. The price limits for the day were narrow and trade was at a minimum with commission houses doing little | and the professional eit ment keep- ; mg extremely close to short. Wheat finished % cent higher, corn was up % cent, and oats were % to % cent, higher. The bulk of the business in wheat was around 86 % for the May rieI livery with no attention being paid to the supply and demand situation. Corn showed relative firmness as compared with wheat, but May was for sale at 51 cents and over, checked the advancing tendency. The aggregate trade was not large. Little attention was paid to the oats | and rye pits today and they were affected largely by activity in the other grains. Provisions averaged somewhat firmer on scattered buying. Chicago Primary Receipts - March 9 Bushels Today Last Week j Wheat 253.n0n 361 Of® ! Corn 472 nno 370 non Oats 127.000 118.000 Chicago Futures Range March 9 WHEAT P/>v. Open. Hich. I.ow. Close, close Mav... .86'% .86% .86% .86% 86% I July... 85% .86% .85% .86% .86 i Sept .87 .87% 87 .87 3 ii .87% ! CORN— Mav .50% .51% .50% .51 .50% July... .52% .53% .52% .53 .52% Sept. .54% .54% .54% .54% .54% OATS— I Mav... .33% .33% .33-% .44% .33% I July... .33% .34% .33% .33% .34 ! Sent. .34% .34% .34% .34% .34', I RYE— Mav... .59% .59% .SB’s .59% 59% ! Julv .. .60% .60 7 a .60% .60% .60’, Sept. 62% .62'.- .62% .62% 62 , j BARLEY Mav .. .46% .46% .46 .46 .45% Julv 47% 48% LARD 'old) Mav 6 20 6 20 6.15 BELLIES i old i Mav 7.60 7.65 7.60 7 65 7.52 BELLIES inewi I May.. 8,15 815 8.15 I Julv . 845 845 845 .Sent. 8.75 8.75 LARD (new)—• Mav. p 6 70 670 6 65 Julv . 672 675 672 672 667 Sept . 6.92 6.97 692 692 687 CHICAGO CASH GRAIN By 1 ailed Press CHICAGO, March 9 Cash grain: Wheat—No 5. hard musty. 81%c Corn No. 2 mixed. 42%c: No 3 mixed. 49®' I 49%r; No. 5 hard. 47%c; No. 6 mixed. 47r; No. 2 yellow. 49®49%c: No. 2 yellow, old. 50%c: No 3 yellow. 48%#49%e; No. 4 yellow, 48%c; No. 2 white. 51c: No 3 white, 50%c; No. 4 white. 49%c; sample grade white. 45# 47c. Oats—No. 2 white. 34%®35%c: No. 3 white. 34%c live- No sales. Barley—Sales. 49# 81c; quotable, 49 #Blc. Timothy—s7.2s# 7.50. Clover seed sll® 14.25. Cash provisions -Lard. $6.50; loose, $6.50; leaf. $6.75; bellies, $8.12. TOLEDO CASH GRAIN By Vailed Bn ss TOLEDO. March 9.—Grain close (Grain, in elevators, transit billingc Wheat- No. 2 red. 91%#92%e, Corn No 2 yellow, 54%#55%c. Oats—No. 2 white 38/,/39c. Rye—No. 2. 66# 67c. (Track prices, 28'/C rate). Wheat—No. 1 red. 88®88%c; No. 2 red. 87#87%c Corn—No. 2 vellow 50' #/ 51c: No. 3 yellow, 49# 50c! No. 4 vellow. 48# 49c. Oats—No 2 white. 34%# 36%c; No. 3 white. 34# 36c. Toledo seed close: Clover. March, $8 25; alsike. cash, $8.50. ST. LOUIS CASH GRAIN By United Press ST. LOUIS. March 9. -Cash grain: Wheat—ln fair demand, tone steady No. 2. red 88®89%c: No. 3. red 88%c: No. 2 red garlicky. 87%c: No. 2. hard. 87c: No. 1. mixed 88%c. Corn—ln fair demand. % to lc higher; No. 2. mixed. 49c; No. 2, vellow. 49%5: No. 3. vellow. 49%c; No. 6. yellow. 48c. Oats—ln fair demand, unchanged to ' jc higher: No. 2. while. 35%c: No. 3. white, 34%c; No. 4 mixed 33c.
Indianapolis Cash Grain
—March 9 The bids lor car lots of grain at the call of the Indianapolis Board of Trade, f. o. b . shipping point, basis 41% Nevy York rate, were: Wheat—Steady; No 1 red Bi#B2c: No. 2 red. 80#81r; No 2 hard, 80® Sir Corn—Steady; No 3 white 41# 42c: No. 4 white, 40# 41c No 3 vellow , 40# 41c; No, 4 yellow. 39®40c; No. 3 mixed. 39#.40c; No. 4 mixed. 38#39c. Oats—Steadvu No. 2 white. 30® Sic; No. 3 white. 29®.30c. —lnspections Wheat.—No 2 red. 2 cars: No S hard I car; No. 2 mixed. 2 cars. Total, 5 cars Corn—No. 1 white. 3 cars; No. 7. white. 10 cars; No. 3 white. 3 cars: No 2 vellow, 7 cars; No. 3 vellow 8 cars; No. 4 yellow 1 6 cars. Total. 37 cars. Oats—No. 2 whitp 3 cars: No 3 white. 3 cars; No. 4 white. 1 car. Total. 7 cars. INDIANAPOLIS WAGON WHEAT City grain elevators arp paying 79 cents for No. 2 soft red wheat, utner grades on their merits.
In the Cotton Markets
- March 9 CHICAGO High. Low. Close. January 12.37 12,66 12 63 March 12 22 May 12 35 12 26 12.30 Julv 12 43 12 38 12 41 December 12 63 12 60 12 6a October 12.58 12 50, 12 55 NEW YORK January 12 59 12 58 12.58 March 12 09 May 12 25 12 17 12 21 July 12.35 12 28 12.31 October 12 47 12 41 12 46 December 12.56 12.50 12 54 NEW ORLEANS January 12 64 12 58 12.61 March 12 13 12 07 12 13 May 12 26 12 18 12 22 July 12.37 12 29 12.34 October 12 50 12.42 12 48 December 12.59 12 50 12.56
Retail Coal Prices
The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. DOMES TIC RETAIL PRICES Anthracite .. $4.28 Coke, nut size 8.75 Coke, egg size 8."5 Indiana, forked lump 5 50 Indiana, egg sno Indiana, mine run 4 75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahon’as egg 825 Pocahontas forked lump 925 Pocahontas mine run 7 25 New River smokeless g 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 tl a ton for coal carried to bln. Fire Reports Thursday 751 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 n. m., 3922 College, residence, no loss 5 27 p. m.. 4535 North Keystone, residence, small loss. 624 p. m 2880 Highland Place, residence, no loss 634 and m 1514-16 Ashland, residence, no loss. 6 42 p m . 1321 College (rear). tree, nv loss 7:17 p m Meridian and Walnut, false alarm. Friday 12 53 a m.. 1145 East Twenty-second, ialse alarm .412 am., BJ-23 West Pearl, printing shop, no loss.
