Indianapolis Times, Volume 45, Number 262, Indianapolis, Marion County, 13 March 1934 — Page 11

MARCH 13, 1931

Insurance Stockholders Are Not Subject to Double Liability in Case of Bankruptcy. BY K.U.PIi HENDERSHOT Time* Special Financial Writer

Justice Valente has just handed down a very important decision in the New York supreme court affecting the statusT>f insurance company stockholders as well as those of other companies in New York state operating under the supervision of the insurance department. The judge ruled that such stockholders are not subject to double liability assessments to cover the losses of creditors in the case of bankruptcy. The ruling came about as a result of a suit filed against the Bank of Manhattan seeking to force that institution to make good on the ertificate holders of the New York Title and Mort-

gage Cos. of which it held virtually complete stock ownership. Had the case gone against the bank it would have been liable to the extent of about $2 000.000. In all probability it would have been followed by similar suits against stockholders running into many millions of dollars. Bank stockholders, of course, are subject to double liability, and the insurance laws are so much like the banking laws in that respect, that many people had assumed that the positions of the two classes of stockholders were about the same. Justice Valente's ruling, which was not hedged about by any technicalities. establishes their status very definitely, however. An appeal is not without the realm of possibility, though. a a b Canadian Stocks Rise Within the past week several Canadian stock.?, including International Silver, Canadian Pacific, Imperial Oil and others, have risen quite sharply. A

Ralph Ilendershot

checkup reveals that much of the buying of these issues has come from European sources, principally England, and it seems to be predicated on currency developments rather than on any special improvement in busin< although trade in the Dominion is said to be progressing at a satisfactory rate. Reports have been circulated in the financial district to the effect that Canada ts about to devalue her currency on a basis in relation to gold very similar to that of the dollar. Such a devaluation would be expected to cause a rise in Canadian stocks. And since New York affords the best market for several of the leading Canadian issues, it was only natural that the buying should be felt here. Moreover, some people have been afraid of the effect of the measures taken in this country to carry' out the spirit of the new deal, especially the Stock Exchange regulation bill and the demand for shorter hours and higher pay for workers in the United States. Without such handicaps and with similar devaluation of currency Canadian companies are expected to have an advantage in world market competition. B B B B B B Railroad Business Better The 30 000-car jump in railroad freight handled in the week ended March 3, 1934. constitutes another indication of improving business in this country. The larger volume may have been due in part to the heavy snowstorms during the week before, with which comparison is made. Some freight business may have been held over from one week to the next.

New York Stocks

—March 13— Oils— Prev. High Low. 10 30. close. AM RU 31 'b 31 1 '2 31** 31** Barnsdall 8 * B ’<* Consol Oil 13’ 13 1 * 13% }3 * Coni of Del 13 IS 1 * 18 7 s 19 Houston (new) 4*4 4** Houston i.oldi 25 2 Indian RfR 8 * Mid Cont Pet 13 12% Ohio Oil 14' 2 14 Pet Corp 12** 12‘2 Shell 0? Phillips Pet .... .. ... 17 * 1* 8 Pure Oil •• ••• 13 * 13 Roval Dutch 38 2 Sbd Oil Simms Pet , !2 V Soc Vac 1,4 18 * S O of Cal • 38 1 * 38* SOof N J 45*4 45'2 45*4 45** Texas Corp ■■■ 27'* 27'4 27** 27 Tidewater Assn. 11** 11*4 H* 11% Un Oil of Cal *‘% Am* Ro*ll Mills... 25** 25** 25% 25 Bo'h Steel . .. 44% 44*4 44 * 44 s * Bvers AM ... Cruc Steel 34 Ludlum Steel . .. ... 17 lt 4 McKeesport Tin .. ... • 88 Natl Steel 50% ■ 50 Rep Iron & St .. ... 23'a 23 2 R-o Ir A- St pfd 63*4 V S Smelt . 131 130 130 128 Vanadium 29 28* 29 28'2 M:d Steel 13 U a Pipe A Fdv 28% 28 28 28% U S Steel 54% 54'; 54 1 2 54% U S Steel pfd . ®2 4 Younfist n SAT 29*4 29% 29*4 29% Kails— Atchison At 1 Cst Line • , 49 BA O 31 30*4 30% 30** Can Pac ■ 18 I?'.* Cll A Ohio ... 44*4 44% 44*4 44 Chi A Gt W 4% C M A St P ,8, CMA St P pfd 11** 11% Chi N W If 13 7 a Chi R Isl 5 C R 1 7® Pfd 8 •. Dela A Hud 64 64 .. ••• 21 j 4 21*4 C.rt North pfd • 29** 29% 111 Central ... 34 33% 34 33 * K C Sou 1?% Lou A Nash ... - 3d M K A T 12*4 12% 12*4 12% Mo Pac pfd • „ 7*4 7% N Y Cent . .. 39 38*4 38% 38% NYCA St L 21% 21 NY C A St L pfd . 31*4 N Y New Haven 20 19*4 20 10 Nor Pac 32% 32** 32 * 32 Penn R R 34 2 3d Reading , • , ■ “l 2 Sou Pac 28% 28** 28% .8 low R R ... 33% 32*4 32% 32% Sou R R pfd 3i% 36% Union Pac *2‘ * Wabash West Mary 15 * 15 ' * Motors— Auburn *7 56 * Chrysler 34 2 34 * Gen Motors 38 * 38 t Graham Mot - „■* 8 Hudson 20 % 20 Hupp 5 * 6 Mack Truck 35% Nash •• ••• ••• 27 2 Packard *,4 Reo 3 5 Studebaker ‘ 2 * s Yellow Truck 6% 6 % Motor Access— Bendix 19% 19*4 Bohn Alum ... 60% 60% Borg Warner ... 26% 26 26% 25% Brices 16% 16 16% 16% Budd Wheel ... • . 4** Eaton Mfg 30** 30 30% 30 Houd A 6% 6% Mullins Mfg 12% Murrav Bodv .... ... .■ 10% Stew Warner 9% 9** Timken Rol 36 Mining— Alaska Jun 21*4 21% Am Smelt . • 46% Anaconda 15*4 15% 13*4 15*4 Cal A Hecia ... 5% Cerro De Pasco 37% 37% rtranbv Gt Nor Ore 14 13% Hemestake Mm . 357 Howe Sound . 49 7 * 49% 49% 49% Int Nickel 27% 27% 27% 27% Isl Creek Coal 26 Kennecot: Cop 20% 20% Noranda Cop ... .. ... 38% 39 Phelps Dodge ... .. ... 16*4 16% Tobaccos— Ara SnutT ... 54% Am Sum Tob 20 Am Tobacco A . .. ... 68% 68 Am Tobacco B . .. ... 70% 69% Gen Cigar 32% Ligg A Myers B. .. 85 Lombard .- 17% 17% Remolds Tob B 41% 41% 41% 41% Equipments— Allis Chalmers 20% 20% Am Car A Fdy. 29** Am Loco ... ... 36 35% Am Steel Fdy ... ... . 22 Bald Loco . 14 13% Burroughs ... ... 16% Case J I 75% Cater Tract ... ... 30% 30% Col Palm Peet 17*4 17* t Cor.goleum 28% Elec Stor Bat 46 F ■ ter Wheeler 19% G n Am Tk Car 41% Gen Elec 22% Gen R R Sir 44 Ingsol Rand ... 65% I • Bus Mach .. . 141% 1 Harvester 43 42% 43 42% Kelvinktor 21 No; Cash Reg 20% 20% 20% 20 Proc A Gamble .. 37 37% F .liman Inc 56 55% Simmons Bed .. .. ... 20% 20% Und Elliot 47% West Ait B 31% Westmgh Elec 39% 39% Worthing'n Pmp 26 I lilitiea— Am A ror Pwr 10% 10% 10% 11 Am Power A Lit 9% 9\ A T A T 123% 123% Am. Wat Wks 21% 20% Brook Un Gas 34 Col Gas A Elec. 16 15% Com Sou 2*4 2% Consol Gas 39% 39% Elec Pwr A Lit .. ... 7% 7% EP * L pfd . . . 14% Int TAT . 15% 15*8 15% 15% Nat Pwr A Lit 12% 12% Ntrth Amer ... 19'* 19*4 19’* 19*8 Pac G A E 19*4 19*8 Fib Serv N J 38 * S ■ Cal Edison 18*4 18*4 S 1 Gas 13% 13% S'd Gas pfd 13% l r.tted Corp 6% 6 7 * l ■ Gas Imp 17% l Pwr A Li: A 4% 4% Western Union .. ... 58 57% Rubbers— F.restone 22% Goodrich 16% 16% Goodyear 39% 39 U S Rubber 21 20% U S Rubber pfd 46% 46% Kel Spring 4% 4% Amusements— Croalev Radio 14% fox Thea 15% Loews Inc ... 33 32% 13 32% Radio Corp 8 8% RKO 3% 3% Warner Bros 7 7

Wall Street

1 Foods—- ! Am Sugar 52 ; Armour A 5 7 * 5% Beatrice Cream 15% 15% 15% 14% Borden Prod 24% 24% 24% 2i% Cal Packing ... 25 Canada D G Ale 25 Coca Cola 105% Cont Bak ‘A' 13 Corn Prod 73 72% Crm of Wheat . .. ... 32*4 Gen Foods . 34% 34 % Gold Dust 20 19 7 e 20 19% G W Sugar 28% 28% Hershev 53 Int Salt 26% Natl Biscuit 40% 40% Natl D Prod . 17 16% 17 16% S Por Ric Sug... ... 33 % Std Brands 21*4 21% United Fruit 64% 64 Wrigley 59% 5914 Retail Stores— Ass Dry Goods 16% 16% 16% 16% Best A Cos . 33% 33% 33% 33% Gnubel Bros .... 5% Gr Un Tea ... ... 7% 7% Hahn Dept Sts .. ... 7% Kresge S S 20% 20% Kroger Groc 31 % Macv R H 54 53% Mav Dept St . 42 Mont Ward - 33* 4 33% 33* 4 33*4 Penn J C 67% 67'4 Safeway St 53% Sears Roebuck 49% 49 Woolworth ... 51*8 51% Aviation— Aviation Corp 8% 8% j Douglass Air 23% 23*8 Curtis* Wright ... ... 4% 4% Curtiss Wrieht A .. 9% 9% Nor Am Av . 6% 6% United Aircraft 24% 24% 24% 24** Chemicals— Air Reduction ... ... 98 Allied Chem ... ... 151% Am Com Alco .. ... 50* 4 50% Col Carbon 69% Com Solvents . 27% 27% 27% 27% | Dupont 99% 99 99% 99 Freeport Tex .... 45 Liquid Carb 27*4 Math Alkali 35% Tex Gul Sulph 38% 38% Union Carbide . .. ... 44% 44% U S Ind Alco 54*4 53% Natl Dist (new) 28 27% Drugs— Cotv Inc .. 8% 8% Lambert ... 28*4 28% 28% 27* 4 Lehn A Fink 19% Zonite Prod 6% 6*4 Financial— I Adams Exp ... 10% 10 ! Allegheny Corp 3% 3*4 ! Chesa Corp ... .. .. 40 j Transamerica .. 7% 7*4 7*4 7% \ Tr Conti Corp . .. ... 5% s*g Building— Am Radiator ... 15 15 Gen Asphalt .. 18% Int Cement . 30% Johns Manville .. ... 58*2 58 Libby Owens Gls 38 37% Otis Eley . 16% Ulen Const 3% Miscellaneous— Am Bank Note "... 19 Am Can .. . 101% Anchor Cap . . 21 20% 21 20% Brklvn Man Tr 31*4 31% Conti Can ... ... 77% Eastman Kodak 90*2 Owens Bottle . .. 86*4 Gillette 11% 11% 11% 11% Glidden 24 23% 24 24 Gotham SUk 10% Indus Rayon 86 j Inter Rapid Tr .. ... ... 9% New York Curb (By Abbott, Hoppin & Cos.) —March 12— Close Close Allied Mills 8% Ford of Europe 7% i Alum Cos of Am 72 Gulf Oil of Pa . 69 \m Beverage 3 Hiram Walker 47% I \m Cyanide B . 18 Hud Bay Min .. 12% Am Gas AEI 26 Humble Oil 42% Am Superpower 3% Imperial Oil Ltd 14% Asso Gas A El I*s Int Petrol 23% Atlas Corp 13*4 Lake Shore Min 48% Brazil Tr A Lt 12 *s Mat 1 Bellas Hess 3% Can Indu Ale A 16% Newmont Min . 53% Can Marc .. 4% Nia Hud Pwr .. 7% Carrier Corp . 7% Novadel Agene. 65 Cities Sery . ... 3% enn Road 3*4 Cord Corp .. 7 St Regis Paper . 4 Creele Petrol . 11% Sherwin Wms .. 65% Deere A Cos .. 31% Std of Ind 28 Distillers Lim . 22% Std of Ky . . 16 Distillers Corp 20% Teck Hughes G 7 !El Bd A Share 18% Un Gas . ... 3% Fisk Rubber . 20% Un Pwr A Lt A 3% ord of Can A . 23% Wr Hargrares M 8% Investment Trust Shares (By Abbott. Hoppin A Cos.) —March 12 — Bid Ask. American Bank Stocks Corp . 1.18 1.22 i American A General Sec A 5.00 7.00 American A Inv Tr Sh 1 50 Basic Industry Shares 3 45 3 52 British Type Inv Tr Sh 64 70 Collateral Trustee Shares A 4 80 4 95 Corporate Trust Shares ioldi 215 220 i Corporate Trust Shares inew ■ 243 246 Cumulative Trust Shares 417 4.23 Diversified Trust Shares A . . 625 Diversified Trust Shares B 8 00 8 25 Diversified Trust Shares C .. . 325 329 Diversified Trust Shars D .. 495 505 First Insurance Stock Corp ... 130 140 First Common Stock Corp ... 86 89 Fixed Trust Oil Shares A ... 887 912 Fixed Trust Oil Shares B ... 7.62 787 Incorporators Investments ... 18 75 19 00 ! Land Bank Bon Shares 1 06 1 18 Low Priced Trust Shares 6 45 6 55 Mass Inv Trust Shares 19.17 20 82 Nation Wide Securities . ... 350 355 North Am Trust Shares '53) . 190 No Am Trust Shares (55-56) 244 247 North Am Trust Shares 'sß'.. 254 258 Selected American Shares 1.15 1 20 Selected American Shares Inc 260 Selected Cumulative Shares . 720 Selected Income Shares . . 3.50 370 Std American Trust Shares A 302 307 Trust Shares of America 288 292 Trustee Std Oil A 5 69 6 80 Trustee Std Oil B 5 25 5 40 U S Electric Lt A Pwr A 12 37 12 87 Universal Trust Shares 3 15 3 20 U. S. Government Bonds By l sited Press NEW YORK March 12—Closing liberties Decimals represent thirtv-seconds 1 Liberty I 3%s (32-47. 102 19 Ist 4<s .32-47) 102 30 Fourth 4%s 133—38* 103 1 Treasury 4%5-3*.s (45) 101 9 4%s (47-52. 109 28 3%s (43-47) 101 22 3%s 141-43. March 10126 3 j b s (40-43) June 101 28 3*s (41) 101 16 3%s (46-49) 100. 3i (51-55 j 98.21

U. S. SMELTING LEADS SECURITY PRICES UPWARD General List Shows Small Gains; Others Spurt to 2 Points. Average Stock Prices Average of thirty industrials for Mon. dav High 104 61. low 102 68. close 104 23. up 146 Average of twenty rails: 48 84, 48.01. 48 65 up 63. Average of twenty utilities 27 10, 26.22, 27.00, up .79. Average of forty bonds 93 00. up 41. Average of ten first rails: 98 27. up .12. Average of tpn second rails: 82.62. up ,40, Average of ten utilities: 95 80. up 14 Average of ten industrials: 95 32. up 1.00. BY ELMER C. WALZER 1 nited F*ress Financial Editor NEW YORK, March 13. —United States Smelting, leader in the silver division, spurted 2 points, to 131, at the opening on the Stock Exchange today. The general list fluctuated in a narrow range in moderately active trading. A majority of stocks made small gains. Atchison rose to 67, up % on 1,000 shares. Ohio Oil opened at 14’ 2, up % on 2,500 shares. Standard of California gained a fraction. Standard of New Jersey was unchanged at 45%. American Telephone, strong spot in yesterday’s session, was unchanged at 123 %. Loew’s, Chrysler, Westinghouse Electric, Sears-Roebuck. National Distillers and Western Union made small gains in their respective divisions. International Nickel was unchanged at 27 1 i in light trading despite a favorable report issued today. United States Steel common opened at 54%, up U. Other steels held steady to firm. A dip of 1.5 points in the rate of steel operations for the country reported by the American Iron and Steel institute w*as not considered a break in the uptrend. Shutdown of a mill for repairs might have caused the decline.

Bank Clearings

INDIANAPOLIS STATEMENT —March 13Clearings $1,833,000 00 Debits 4.308.000.00 TREASURY STATEMENT By United Press WASHINGTON. March 13.—Government expenses and receipts of the current fiscal year to March 10. compared with the corresponding period of the previous fiscal year; This year. Last year. Expenses. $4,444,687,140.04 $3,515,426,636.40 Receipts. $2,001,959,165.34 $1,293,522,909.32 Deficit $2,442,727,974.70 $2,221,903,727.08 Cash balance $4,816,129,049.33 Foreign Exchange By Abbott, Hoppin A Cos. —March 12Close. Sterling. England $5.08% Franc. France 0658 Lira, Italy 0857 Belgias, Belgium 2330 Mark. Germany 3972 Guilder. Holland 6727 Peseta, Spain 1362'% Krone, Norway 2559 Krone, Denmark 2275 Federal Farm Loan Bonds Bv Blytli A Cos.. Inc. —March 13—Bid. Ask. 4s Nov. 1, 1957-37 95% 96% 4s May 1, 1958-38 95% 96*4 4%S July 1. 1956-36 '. .. 96’ 4 97*2 4%s Jan. 1. 1957-37 96% 97% 4%s Mav 1, 1957-37 96% 97% 4%s Nov. 1. 1958-38 96% 87% 4%s Mav 1, 1942-32 98% 100 4%s Jan. 1. 1943-33 98% 100 4%s Jan. 1. 1953-33 97% 99 4%s July 1. 1953-33 97% 99 4%x Jan. 1, 1955-35. 97% 99 4%s July 1. 1955-35 97% 99 4%s Jail 1. 1956-36 97% 99 4%s July 1, 1953-33 99’. 100*2 4*45 Jan. 1. 1954-34 99% 100% 4%s Jan 1. 1954-34 99% 100% 5s , Mav 1, 1941-31 100% 102% 5s Nov. 1. 1941-31 100% .102% Home Loan 4s, July 1, 1951 . 96*4 97% Daily Price Index By United Press NEW YORK. March 12.—Dun A Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 average, 100) Today 119.24 Saturday 109.92 Week ago 109.51 Month ago * Holiday Year ago Bank holiday 1934 High (March 12) 110.24 1934 Low ijan. 3) 101.05 (Copyright, 1934, Dun A Bradstreet. Inc.) In the Cotton Markets —March i2— CHICAGO High Low Close January 12.79 12.67 12.79 March . 12.30 Mav 12.43 12.27 12.38 July 12.52 12.39 12.49 October 12.67 12.54 12.64 December 12.76 12.62 12.76 NEW YORK January 12.73 12.57 12.70 March . . 12.19 12.10 12.18 Mav 12.33 12.17 12.28 July 12.44 12.29 12.39 October 12.59 12.43 12.53 December 12.70 12.52 12.65 NEW ORLEANS January 12.60 12.56 12.59 March 12.14 12.08 12.14 Mav 12.31 12.17 12.23 Julv 12.43 12.28 12.39 October 12.57 12.47 12.55 December 12.65 12.51 12.65 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 TRICES Anthracite *4.25 Coke, nut size 8.75 Coke, egg size 8."5 Indiana, forked lump 5 50 Indiana, egg 500 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8 25 Pocahontas egg 825 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8 25 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek ... 7 00 Extra charge of 50c a ton for wheeling coal and *1 a ton for coal carried to bln. CHICAGO FRUIT MARKET By United Press CHICAGO. March 13 —Apples—Michigan. Baldwins bushel, $1.50; Spies bushel. 51.75 /1.85 Carrots—lllinois. 40% 50c bushel. Spinach—Texas. 60% 75c bushel. Beans— Southern green. $1 50% 2 65: wax $2% 3. Cucumbers—Central western hothouse. $2 /2 50 Tomatoes—Florida. $1%2 box. Sweet potatoes—Tennessee. SI. 60% 1.75; Indiana. $1.60% 1.85. Rhubarb—Michigan hothouse. 20%35c. 5 pound carton. Rutabagas -Central western. 75% 85c. 50 pounds Turnips—Centra! western. 60% ,5c Mushrooms—lllinois 17%%32%c. pound cartons. Asparagus—California. $175% 3 50 dozen bunches Onion market 'SO lb sacks' Western Valencias. Sl% 130; central wes’ern vellow. 75c'/$1.10: western whites. $175% 2. NEW YORK COFFEE FUTURES —March 12— SANTOS High Low Close. March 10.85 10 80 10 85 Mav 11.04 10 92 11 04 July 11.10 10 03 11.05 September 11.50 11.37 11.50 December 11.62 11 47 11.62 RIO March 8 48 Mav 8 63 8 58 8 63 July 8 74 8.63 8 74 September ........... 8.80 8.73 8.80 December ..g .... 8.82

THE INDIANAPOLIS TIMES

Chicago Stocks B Abbott Hnooln A Cos. Total Salon. .35.000 Sharoi —March 12— High Low Close Advance Aluminum 3% ! Allied Products . 17 ; Asbestos 3% 33 Asso T&T •'A ’• . 7% Bastian-B'.essing 7% 7% 7 s * Bendix Aviation 19% 19% 19% Binks Mfg . 2% Borg-Warner 25% 25 25% Borg-Warner Dfd ... 100 E L Bruce Cos . 14% Butler Bros 11% 10% 10% Canal Construction ... 3% 33% Cent 111 Pub Serv pfd . 18% 18% 18% Cent 111 Securities Pfd. .. ... 8% Cent Ind Power Pfd .... ... 8 Cent <fc S West ... 1% Cent <fc S West Dfd ... 6% Cent M S West Dfd .. ■ 9 Chi & North Wpstern . 14 13% 13% Chicago Coro Com 3% 33 Chicago Coro Dfd . 28 Cities Service ... 3 Vs 33% Commonwealth Edison 55 Continental Steel 3% Cord Coro 7% 7 Crane Cos 9 Crane Cos pfd 63 60 63 Decker & Cohn 2% Dexter Cos 4% Gen Household Ut 13% 13% 13% General Candy Corp 4% 4 4 Goldblatt Bros .. 16 Great Lakes Aircraft 1 % 1 Houdaille-Hershey B - .. ... 6 Ind Pneu Tool .. 21 Libby McNeil 5 4% 5 Marshall Field 18% 17% 18 McGraw Electric ... 5% McWilliams Dredg Cos. .. 22% Merchants & Mfgs. A 2% Middle West Utilities V* Midland United % National Leather . 2 Noblitt-Sparks Ind Inc 15Vi 15 15 North Anjerican Car 4% Oshkosh Overall 5% 5 5 Penn Gas & Elec 12% 12 12% Quaker Oats ... 115% Reliance Mfg Cos 17 Sears Roebuck 49 48Vi 49% Southern Union Gas 2% 1% 2% Standard Dredg Cos Dfd 3% Swift & Cos 17 16% 16% Swift Internacional ... 27% 27 27% Thomason JR • ■ 9 Twelfth St Store A 3 Utility & Ind l 3 a Utility & Ind Dfd ■ 44 Vortex Cud Cos 10% Walgreen Cos com 23% 23% 23% Ward Montgomery A 110%

Bond Prices

(By Fenner & Beane) —March 13— High. Low. 10:30. Alleg Oorp 5s 'SO 33'/a 32% 32% A T & T db 5s ’65 . 107% Atchison Gen 4s 95 ...100 99% 99% B & O cv 4%s ’6O 70% Beth Steel 5s A 42 102% Can Pac 4s '57 . .t.. . . 79% 79% 79% CMStP&P adj 5s A 2000 20 19% 19% CMStP & P rs 5s A ’75 53 52% 52% Denmark 5%s '55 • 94% Erie R R rs 5s ’67 72% 72% 72% Goodyear 5s '57 97% 96% 97 Int T&T db 5s '55 66% Nat Dairy db 5%s '4B 90% 90Vi 90% N Y Cent 4%s O 2013 . ... 80 Para Pub 5%s 'SO .46 ... 46 Sin Cons 6%s B 38 104% Texas Corp 5s 44 ... 102% Un ac Ist 4s 47 ... 103% Bright Spots (By Abbott,Hoppin & Cos.) American Ice Company in 1933 had a net profit of $872,489 after federal taxes and appreciation, equal after payment of all other charges including dividends on the 6 per cent preferred stock to 6 cents a share on the common stock, against $1,424,313. or SI 04 a share in 1932. Safeway Stores in 1933 earned 54.1 l a common share against 51.22 in 1932. Atchison. Topeka &: Santa Fe Railroad Company car loadings for own lines and connections in week ended March 10 totaled 21,660 cars against 20.927 in the previous week. Northern Pacific Railroad January net loss was $897,791 against $1,443,743 in January. 1933. National Enameling Company in 1933 earned $2.39 a common share against a net loss ol $439,321 in 1932. Houdaille Hershey operation in January resulted in a profit against a loss of more than SIOO,OOO in January last year. Owing to heavy production schedules it has been necessary to operate four of the company’s principal plants twenty-four hours a day. The company reports that present releases are sufficient to maintain production at high levels for an extended period. Lambert Company declares the regular quarterly dividend of 75 cents a share on the common stock. Steel operations last week increased 3 per cent to 51 per cent of capacity, according to the magazine Steel. Westinghouse Electric and Manufacturing Company and subsidiaries in 1933 had a net loss of $8,364,341 after charges against $8,903,540 in 1932. Chicago Pneumatic Tool Company and subsidiaries in 1933 earned 52 cents a share on the $3.50 cumulative conventional preferred *tock against a net loss of $836,544 in 1932. Singer Manufacturing Company declares an extra dividend of $1 and the regular quarterly . dividend of $1.50 on the common stock. Fairbanks Morse and subsidiaries in 1933 had a net loss of $1,147,339 after charges against $2,547,231 in 1932. Pittsburgh Coal Company 1933 net loss was $2,868,240 after charges against $2,882,579 in 1932.

Produce Markets

Delivered In Indianapolis Prices Hens. 11c, Leghorn hens. Bc. Leghorn spring-er-stags. 6c; large springer-stags, 9c; rocks. sc; Leghorn cocks, 4c; ducks, full feathered and fat. 4% lbs. and over 7c, geese. 6c; young guineas, l'/a to 3 lbs.. 30c; old guineas, 20c. No. 1 strictly fresh country run eggs, loss off 14c each full case must weigh 55 lbs. gross; a deduction of 10c a pound for each pound under 55 lbs. w’il lbe made. Butter—No. 1. 30® 31c. No. 2. 27@28c; butterfat. 23c.—Quoted by Wadley. By United Press CHICAGO. March 13.—Eggs—Market, firm; receipts. 13,491 cases; extra firsts. 17c; fresh graded firsts, ll%c; current receipts. 15%c; checks, 14c; dirities, 14%c. Butter—Market, easy; receipts. 6 659 tubs; storage extras. 92 score. 22c; storage standards, 90 score. 22* 4 ®23c; extra firsts. 90-91*2 score. 24%W24%c; firsts. 884/89% score. 23%23*/c; seconds, 864/87% score, 22c; extras. 92 score. 25c: specials, 25%% 24c; standards. 24%c. Poultry—Market, steady; receipts. 27 trucks, two cars due: turkey hens, 17c; light hens. 14c; Leghorns. 12c; ducks, 15% 18c; roosters. 9%c: colored springers. 17c: Plymouth Rock broilers. 26%c; gees.e 12c. Cheese—Twins. 14%%14%c; Longhorns. 15%15%c; Daisies. 154/15%c. Potatoes—Old stock: supply liberal; demand and trading slow; market, weak: Wisconsin Round Whites. $1.70; Nebraska Triumphs. $1.75: Idaho Russets. 51.90% 2: mostly $1.95: U. S. No. 2. $1.65%. 1.67%; Minnesota Red River Ohios, $1.60; new stock, supply moderate; demand and trading slow; market, slightly weaker; sales to jobbers. Florida bushel crates. Bliss Triumphs, [email protected]. NEW YORK. March 13.—Potatoes—Easy; Long Island. $1,304/2.70 barrel: southern. $4.50% 5.50 barrel: Maine, 51.40% 4.35 barrel: Idaho. S2 40%2.50 sack: Bermuda. $5 % 7.65 barrel; Canada, $2.15% 2.30 barrel Sweet potatoes—Dull; Jersey basket, 50c 4/ $1.75; southern basket, 50c%51.35. Flour higher: springs: patents, $6,604/6.80 barrel. Pork- Easier: mess, $20.25 barrel. Dressed poultry—Firm's turkeys. 18'2%25c: chickens. 847 2 9c; broilers. 14%30c: capons. 19 4/33c: fowls. 11% 18c; Long Island ducks, 15% 15%c. Live poultry—Steady; geese. 74/10c: turkevs. 1847 2 4c; roosters. 10c: ducks. 84/12c; fowls, 1547 18c: chickens, 13% 19c; capons. 22c; broilers. 1247 25c. Cheese—Steady; state whole milk specials. 194/20c: Young America, 16c. CLEVELAND. March 13.—Butter—Market barely steady; extras, 29c: standards, 29c. Eggs- Market, firm; extra whites. 16%e; current receipts. 16c. Poultry—Market, weak: colored fowl, medium. 164/17c; Leghorn fowl. 3% lbs and up. 134/ 14c: Leghorn fowl light. 12c; springers smooth. 1647 17c: capons. 8 lbs. and up. 22c; colored broilers. 174/28c; stags. 12c: roosters. 9c; ducks white, 5 lbs. and up. 174/ 18c: ducks light. 16c: geese. 1247 13c. Potatoes—Maine best, $2 50; Idaho. $2 254/ 2.35: Ohio and New York best. $2 10% 2.15: Florida Blue Triumphs, $1.65% 1.75 per bushel box. Marriage Licenses Eldon Berrv. 22. of 4919 Orion avenue, supervisor. Dorothy Warfield. 22, of 1127 Central avenue, housekeeper. L. J. Jessup. 28, English hotel, musician, and Dortha Hubbard. 22. of 4058 North Cap’iol avenue, operator. Rilev Jones. 21 of 807 Blake street, laborer. arid Cerilda Murphv. 24, of 326 North Senate avenue, housekeeper. Jav Lewis, 46. Ft. Wayne, salesman, and Nellie Ferris. 37. of 1160 Udell street, housekeeper Clarence Stuart. 29 of 1421 Spann avenue mechanic, and Veriie Corbin. 29. of 1010 Bates street, housekeeper. Fred McNorton. 24. Woodruff place, filling station attendant, and Marv Ellen Duncan. 21, of 1236 North Temple avenue, stenographer. Kenneth Eubank. 22. of 1227 North West street, laborer, and Mvrene Branham. 17. of 916 Blake street, housekeeper Russell Morris. 23, of 1656 East Raymond street, truck driver. and Helen Faulk. 22. of 1108 South Pershing avenue, housekeeper. NEW YORK SUGAR FUTURES —March 12— High. Low. Close January 1.76 1.75' 1.76 March 1 46 1.40 1.46 Mav 1 58 1 55 1.58 Julv 163 1.61 1.63 September 1 69 6.66 1 68 December Lit A-72 1.74

PORK MARKET DIPS 15 CENTS; CATTLESTRONG Vealers Remain Unchanged at $6.50 Down; Lamb Market Steady. Porker prices resumed the decline of the previous session in early trading at the local stock yards this morning and the majority of all grades displayed a loss of 15 cents under yesterday s average. Initial trading developed slow and receipts remained around normal. The bulk, 160 to 300 pounds, was selling at $4.40 to $4.55. Early top held at $4.60. Other kinds, weighing 300 pounds and upward, sold at $4.25 to $4.45. Weights scaling from 130 to 160 pounds brought $3.25 to $3.75. while lighter classes, 100 to 130 pounds, were salable from $2 to $3. Receipts were estimated at 6,000: holdovers, 674. Large improvement was registered in local cattle conditions, with several grades of choice steers around 15 to 25 cents higher than the previous figures. Initial lop was quoted at $7.35. Few other classes remained steady to strong, while some grades were reported selling slightly higher than the early top. Vealers held fully stationary with yesterday’s opening, salable at $6.50 down. Cattle receipts were 1,800; calves. 700. Initial action was scarce in the lamb market, with practically all classes strong to slightly higher at $9.50 down. Some grades continued inactive during the early trading. Receipts numbered 600. Bids on hogs at Chicago moved around 10 cents lower than yesterday’s average at $4.45 down. The initial weakness centered in mostly all classes. Receipts were estimated at 20.000, including 5.000 directs; holdovers, 3.000. Cattle receipts numbered 3,000; calves, 2,500; market weak. Sheep receipts were 10,000; market strong. Bulls. Top. Receipts March 7. $4,507/ 4 65 $4.75 5,000 8. 4.65 V/ 4.80 4.80 5.000 9. 4.65 V/ 4.75 5.00 4.000 10. 4.65® 4.80 4.80 1,500 12. 4.55 V/ 4.70 4.80 6.500 13. 4.40®. 4.55 4.60 6,000 Market, Lower (140-160) Good and choice .. $ 3.50® 3.75 —Light Weights—-(l6o-1801 Good and choice ... 4.40® 4.45 (180-200) Good and choice . 4.65 —Medium Weights—-(2oo-2201 Good and choice.... 4.50 (220-250) Good and choice ... 4.55® 4.60 —Heavy Weights—-(2so-290i Good and choice ... 4.50® 4.60 1290-350) Good and choice ... 4.35® 4.50 —Packing Sows—--1350 down) Good 3.5077 3.75 )350 upi Good 3 25® 3.60 (All weights) Medium . 3.00® 3.50 —Slaughter Figs—-(loo-130) Good and choice ... 2.00® 3.00 CATTLE Receipts, 1,800; market, steady. (1,050-1.1001 Good and choice $ 6.25® 7.25 Common and medium 4.25 ® 6.25 i (1.100-1.5001-Good and choice 6.00® 7.50 Common and medium 4.50® 6.00 (675-750) — Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-900) Good and choice 4.75® 6.25 Common and medium 2.15® 4.75 —Cows— Good 3.25® 3.75 Common and medium 2.75® 325 Low cutter and medium 1.50® 2.75 —Bulls (yearlings excluded 1 Good (beef steers) 2.75® .50 Cutter, common and medium . 1.50® 2.75 VEALERS Receipts, 700; market, steady. Good and choice $ 6.00® 6.50 Medium •. 3.50® 6.00 Cull and common 2.00® 3.50 —Calves—-(2so-500) Good and choice 7.00® 7.50 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle—-(soo-900) Good and choice 4.00® 5.25 Common and medium 2.75® 4.00 (800-1,500) Good and choice 4.00® 5.25 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 600; market, steady. (90 lbs. down i Good & choice $9.00® 9.50 j 190-110 lbs.) Good and choice 8.75 V/ 1 89.25 (90 lbs. down) Com. and med 7.00® 875 I —Ewes— GootL and choice 4.50® 5.50 Coimnon and medium 2.50® 4.50

Other Livestock By United Press CHICAGO. March 13.—Hogs—Receipts, 20.000, including 5.000 directs; slow. 5c to 10c lower; 180-300 lbs, $4.35% 4.50; top. $4.55: 140-170 lbs, $3.50% 4,1 25; pigs, s2.ao 4/3.25; packing sows. $3,654/ 3.85; light lights, 140-160 lbs, good and choice. $3.40 %4.25; light weights. 160-200 lbs, good and choice. $4%4.50; medium weights. 200-250 lbs, good and choice, $4.35%4.55; heavy weights, 250-350 lbs, good and choice, $4.15® %4.45; packing sows. 275-550 lbs, medium and choice. $3,504/4: slaughter pigs, 100-130 lbs, good and choice. $2.50 % 3.40. Cattle Receipts. 8,000; calves, 2.500; strictly good and choice fed steers and good and choice weighty bullocks, strong to shade higher: others generally steady; moderately active trade, especially on better grades; bullocks selling up to $5.5 and above: yearlings. $6.50other killers generally steady; light heifers. $6.50; yearling top, $7.60. 1,310 lbs, $7.50; slaughter cattle and vealerSj steers. 550-900 lbs, good and choice. $6.25 %7.75: 900-1.100 lbs, good and choice. $6.25® 7.75; 1.100-1.300 lbs, good and choice. $6% 7.75: 1.300-1.500 lbs, good and choice. $5% 7.65; 550-1.300 lbs, common and medium. $44/6; heifers. 550-750 lbs, good and choice. $5.2547 6.75; common and medium. 53.504/ 5.25; cows. good. $3,504/ 4.50; common and medium. $2.75% 3.75; low cutters and cutters. 51.50®2.75: bulls, yearlings excluded, good beef. $3.25® 3.75: cutters, common ana medium, $2.50%3.35; vealers. good and choice. $5%6.50; medium, $4.50% 5; cull and common. 53.504/4,50; Stocker and feeder cattle, steers. 550-1.050 lbs, good and choice, $4,504/ 5.75; common and medium. $3,254/ 4.75. Sheep—Receipts. 10.000; fat lambs continued with active demand; undertone strong to unevenly higher; asking 25c and more advance; many good to choice offerings well above S10: sneep firm; slaughter sheep and lambs, lambs. 90 lbs. down, good and choice. s9® 10: common and medium, $7.2547 9.25; 90-98 lbs, good and choice. $8,254/9.90: ewes. 90-150 lbs, good ’ana choice. $44/5.75: all weights, common and medium. $3474.50. EAST ST. LOUIS. 111, March 13.—Hogs —Receipts, 8.000; Including 100 direct; market, steady to 5c lower; top. $4.60; sparingly; bulk 180-240 lbs, $4.50% 4,55; 308 lb. weights. $4.40; 150-170 lbs, $3.75% 4.35; 100-140 lbs, $2,504/3.25; light pigs down to $2.25 or below; sows. $3 40 47 3.65. Cattle—Receipts. 2.800; calves, receipts. 1,500: market, steady to 15c higher on steers: mixed yearlings, heifers and cows, steady to strong; bulls unchanged: vealers. 25c higher; top $6.25: early steers sales. $4.25% 5.60; with some held higher; mixed yearlings and heifers, $4,254/5.50: cows. $2.7547 3.50; low cutters. $1,254/ 1.75; top sausage bulls. 53.15: slaughter steers. 550-1.100 lbs, good and choice. $5,504/6.75; common and medium, $3,754/ 5.75; 1.1001,500 lbs. choice, $5.50%6.50: good. $4,754; 6.25: medium. 54.254/5.50. Sheep—Receipts. 2.500: market, not yet established; asking 25c or more higher; few desirable lambs to citv butchers. $9,354/9.50: asking upward to 59.75 for best offerings: lambs. 90 lbs. down, good and choice. $8,754/ 9 50; common and medium. $6%9; 90-98 lbs, good and choice. $8.50%9.40; ' yearling wethers. 90-110 lbs . good and choice. $6.50 % 8 25: ewes. 90-150 lbs, good and choice. 53.75®5.50: all weights, common and medium. $2.75®4.25. PITTSBURGH March 13— Hogs—Receipts. 800: holdovers. 350; steady: 170 to 220 lbs, 55.05; 230 lbs. up. $4.75®5; 130 to 150 lbs, $3.25% 3.50: sows, $3.75 down. Cattle—Receipts. 15; nominal. Calves— Receipts, 100: steady: good and choice vealers. $6.50% 7; medium, $5% 6. Sheep— Receipts. 500; fully steady: wool lambs, largely $10; common to medium. *6% 9; clipped lambs. 57.75 down. CLEVELAND. March 12—Cattle—Receipts. 250: market steadv and prices unchanged: choice steers 750 to 1.100 lbs, $6,504/7 , good 650 ‘o 950 lbs $5.50% 6.50: 990 to 1.210 lb:, $5.50-/6 50 heifers, 600 to 850 lbs $4 50% 5.50: good cows all weights. 52 504/3 50; butcher bulls. 53.50 %4. Calves Receipts. 400 market, steady; no price charges, prime veals. $74/7 50: choice veals. $6.50 %7: medium, S5 -/6 50: common. s3® 5. Sheep and iambs Receipts. 1 000: market strong with good to choice wool lambs advancing to a top of $10: medium to good. SB4/9; culls and cuts. $54i7.50; choice clipped lambs. $7% 8; medium to good. $6% 7; prime we'her sheep. $5% 6: choice ewes, $4 504/5 50. Hogs—Receipts. 1 000. market 5 cents lower as the government continues out of the market; 250 to 300 lbs, S4 40% 4 60; 230 to 250 lbs, $4 60-/4.85; 180 to 210 lbs, $4 85; 150 to 180 lbs, $4.85; pigs. 100 to 140 lbs, *3Q3.25; roughs, $2.75; stags, *1.78.

Today and Tomorrow

NRA Has to Assure That Advance in Prices Will Not Outrun Increases in Wages. BY WALTER LIPPMANN ON General Johnson’s own showing, after listening to the criticisms and studying his own experience, the problems confronting the na- | tional recovery administration are formidable. It has still, he says, to provide assurance that the advance in prices will not outrun increases in wages. It has still to prevent "industrial or labor control against the public interest." It has still to obtain compliance with the spirit and letter of the several hundred codes. It has still to insure to labor its statutory rights. It must make a contribution to the relief of unemployment. No doubt the general will attack these problems with his customary energy and superb assurance. He is no Hamlet to sit

and brood. He is rather the Hotspur of this administration who. as the prince of Wales said, “kills me some six or seven dozen Scots at a breakfast, washes his hands and says to his wife, ‘Fie upon this quiet life, I want work.’ ” He has certainly cut out work for himself now. To prevent an advance in prices, when you have rounded up business men in associations and suspended the Sherman act, is all by itself a problem which would cause any one but the most dauntless man to wonder how it is to be done. To obtain compliance with the of several hundred codes in several million factories and stores, is also a day's work. To insure to labor its statutory rights under the recovery act. when the mass of labor is unorganized, and the rest for the most part organized in antiquated craft unions, is another day's work. No one. who was not possessed

with the excitement of a great task, could fail to realize. I think, that the solution of these problems is impossible by sudden bursts of energy, for the establishment of a constitutional order in industry, which is the real goal of NRA, can not conceivably be done by blanket rulings, town meetings, blue eagle campaigns and mass propaganda. They can produce the semblance of an industrial order, the appearance of compliance, but not the habit, the proven method, and the reality. General Johnson’s own

list of unsolved ‘ problems’’ is the best possible evidence that NRA is a project of long-term recognition. O tt O A FAILURE to grasp that truth. an attempt to use NRA as a major instrument in producing recovery from unemployment, is almost certain to retard recovery and endanger the public support of the far-reaching possibilities of NRA itself. I know that General Johnson has figures which he thinks prove that the attempt last August and September to use NRA to promote employment by wholesale method was a success. But this view is not shared by many competent men in Washington and elsewhere, who are fully as ''liberal’’ as General Johnson and just as indisputably devoted to the new deal, both in its immediate and its longer objectives. It may be a coincidence, but the coincidence happened, that as a hostile critic has put it: “Last year’s business revival took place before the codes went into effect; the summer reaction occurred during the peak of NRA power and prestige; the current revival in business began when the NRA was comparatively quiescent.” There is no leasen to think that the NRA was the main cause of the slump of August to October, but the evidence | at the time seemed to point to the : conclusion that while agricultural prices were falling, owing to the ab- j sence of monetary control, manu- j facturing prices were raised under j the pressure of NRA; that this aggravated the farm problem, caused ! something like a buyers’ strike, and that this in its turn caused unemployment to increase and production ! to be retarded. It is a fact that the first three j weeks of October were the most I critical which have confronted the j administration since it surmounted the bank crisis of March. I should suppose that the administration j would be very hesitant indeed to j open wide again the throttles of NRA and repeat last summer’s experiment with the blue eagle campaign. It ought to have better evidence, more careful and complete and conclusive figures than are now available, to show that its previous attempt at artificial wholesale re-em-ployment did not, in fact, promote unemployment in industry and a greater disparity for agriculture.

THE past year’s experience seems to me to have shown with considerable definiteness that monetary management, in the broadest sense, has induced recovery and that public control, through agricultural adjustment administration and NRA. has contributed little to recovery, though it may, and probably will, contribute greatly to economic reconstruction. Monetary management has comprised the external revaluation of the dollar and the pumping out of inflationary expenditure to farmers and the unemployed, to bank depositors and to debtors on mortgage. These measures have tended to the distortion of the price structure, raising prices that most needed to be raised, putting money in the hands of those who would spend it most quickiy, exerting pressure upon hoarders and upon those seeking to keep their fund liquid and out of use. There can be little doubt that these measures as a whole, at a time when the natural forces for recovery were favorable, nave had powerful effect. They raise problems for the future. There are dangers in these measures. But their immediate influence has been unmistakable. The first period of recovery in the spring followed a speculative anticipation of an inflationary policy. The slump of the late summer came with the collapse of the speculation and an apparent abandonment of inflationary measures. The revival of the late autumn and winter came with the revaluation of the dollar and the quick expenditure of government funds. On the other hand, it is very difficult to find clear evidence that agricultural adjustment administration. apart from the funds it has pumped out to the farmers, or NRA. apart from the modest amount of unemployment relief which it succeeded in compelling employers to provide, have made any immediate and decisive contribution to the restoration of an economic balance in the country as a whole. a a a THEY have remedied some abuses. They have stabilized some irdustries. But in so far as they have worked through restriction of output and semi-mono-polistic methods of price fixing, they have, believe, interfered with the readjustment of the price structure which the monetary policies were bringing about. If that is the lesson of our experience in the past year, then the prudent and wise policy is to be frank in treating NRA and agricultural adjustment administration as long-term projects of reconstruction and not as instruments of immediate recovery. General Johnson might well consider the example being set by Secretary Wallace, who with the agricultural adjustment administration operating in his department, seems to have no illusions about .what can be done

f F s S

in a hurry by centralized public : control and to have time to think about the broader implications of what he is doing. The NRA has had its field day of j criticism. It ought now to have a ' fetv days of silent and searching J thought before it leaps forward | again to solve in a few well swoops a collection of problems that noI body can conceivably solve who is. j as General Johnson described the , NRA officials, “extended to the limit | of nervous and physical capacity.” Such men can not hope to make j wisely the infinite decisions and rulings necessary if NRA is to be used as a high speed engine of recovery, and they ought not to try ito do it. They will go further if : they work more carefully for the | long future. That is its real task. It is a big one. The task of promoting recovery is being carried on effectively by other means. Copyright. 1934 On Commission Row —March 13— Fruits Apples—New York Baldwins. fancy sl.6orz 1.85; fancy Staymans, $2.25; fancy Winesaps. $2.60. Oranges California Sunkist, s3®4; ! Floridas $3®3.75. Lemons-Sunkist. $6: Red Ball. $5.50 Grapefruit—Arizona seedless 80s. $3 Florida. $2.75. Strawberries—Florida, pint, 14®15c; 36pt. crate, $5. Cranberries—C. C. Howes. Eatmores. 25lb. box. $2.50. Melons—Argentina Honeydews, $2.75 Pears—Florida, Avacados. $2.50; Calavos $3.50 per box. Bananas—Per pound. 5 cents. Vegetables Cabbage- New Texas. $1.35 per halfcrate: Florida red. $4.50 per hamper Celery—Florida. $2,507/3.50 a crate; , mammoth bunch 75c; medium bunch 45c hearts, dozen bunch $1.35. Onions—lndiana yellow, 50-lb. bag $1.35; ! red, $1 35; lowa white. $3. Potatoes—Northern round white 100-lb bag. $2.15: Red River Ohio;. $2.30: Maine Green Mountains. $2 65; Colorado McClures. $2 50: Idaho Russets, S2 50' Wyoming Triumphs 50-ib. bag. 51'.40; New ■ Florida Triumphs. $2. Sweet Potatoes—lndiana Jerseys per bushel, $2; Porto Ricans. $1.90. Asparagus—California select crate $4 75 Beans—Round stringless, $3 25: new lima. $3. Beets—New Texas 3-dozen crate. $1.50: I bulk per bushel. $1.50. Carrots—California 6-doz"n crate. $3 25- ' bulk new, $2; bulk old. $1.15 Cauliflower—California, $1.60. Cucumbers—Hot house per dozen $1 15 Lettuce—Hot house 10-lb. basket. 55c; Iceberg bests. $37/3.25 a crate. Peas—3o-lb. hamper. $2.75. Radishes—Hot house, buttons 45c a dozen, long white, 40c per dozen Rhubarb—Hot house. 50c a bunch Spinach—New Texas. $1 per bushel. Tomatoes—Repacked. 10-lb carton, si; selected, cellophane wrapped. $1 25 original Florida, 30-lb. lug. $2. Other Livestock (By United Press) FT WAYNE. March 13 —Hog? 107,15 c ' ienver: 200-250 ibs.. $4.40; 250-300 lbs I *4.55: 160-200 Ihr., $4.25: 300-350 lbs S4 : lao-160 lbs.. $3 50; 140-150 lbs. S3 25' 130- ! 140 lbs.. $3: 120-130 lbs.. 52.50; 100-120 *2: roughs. $3.50: stags. S2. Calves, i $6.50; lambs, $9. 9/J OLED ,°’. “ arrh . 13.—Hogs Receipts. * oc lower; heavv yorkt r . s ',„ S4 r " 4 fio: fixed and bulk of sales 54.40® 4 60; pigs and lights. $2.50® 4: medium arid heavies, $4%4.t0. Cattle—Receipts. 275: market stoadv. Calves—RecelP,s ’ market steady; choice to extra $6,507/7: fair to good, $57/6. Sheep and lambs—Receipts, light; market steady. CINCINNATI. March 13—Hogs Re--3 ®9O; mostly 10c lower; earlv buik 175-300 lbs.. $4.80. better. 150-175 lbs.. $4 ® 4.40; 130-150 lbs.. $37/3.75: packing sows mostly 25c off at $3.5 down. Cattle —receipts. 400: calves, receipts, 450. genf ra Jv steady; steers and heifers, mainly kinds to sell from odd lots handyweights and small package yearling steers. $6.20; most fat cows. $37/3 50 bulk low cutters and cutters. $1.50®2.75 bulls strong to 10c higher at $3.85 down: good to choice vealers. $5,507/6.50; others S3 7/0. Sheep Receipts. 100; supplies meager, better grades lambs absent, quotable mostly $97/9.50; few lots common to medium. $77/8.50; culls down to around So: fat ewes listed at $3,507/ 5. LAFAYETTE. March 13 - Hogs—Market loc to 20c lower: 225-325 lbs $4 207/4 40 170-225 lbs.. $4 257/ 4.30; 140-170 lb? *3 2.5 ® 3.50: 125-140 lbs.. $2.75®3: 115-125 lb' *2 257/2.50: 100-115 lbs $1757/ 2. rough.?: $3.00 down; top calves. $5.50; ton lambs, SB. By 7 iwrx S yri'ial LOUISVILLE. March 13.—Cattle Receipts 175: supply light: demand fair; market mostly steady: bulk common to medium steers and heifers. $47/5 better finished offerings quotable. $5.25 to around $6 for best fat babv beef type calves' bulk beef cows. $2.50® 3.50: heifer types eligible higher; low cutters and cutters. $1.25® 2.25; sausage bulls. $3 75 down; Stockers and feeders practically absent: quotable steady Calves - Receipts. 300: fully steady; bulk better vealers ss® 5 50: stirctly choice quotable to $6; medium and lower grades $4.50 down Hogs —Receipts. 900; 15c lower; 170 to 240 ibs. $4.65; 245-270 lbs., $4.30; 275 ibs. up 53.95; 145-185 lbs.. $3.65: 120-140 lbs 52 30: sows. $2 70 stag? $l4O. SheepReceipts. 25: fuly steady; bulk medium to good lamb?. $7 507,8.50; choice eligible to $9 or better: rhrowouts mostly $5 50desirable fat pwes. $2 507/3

Fire Report? MONDAY 8:53 a m. 1943 Sheldon, residence small loss. 10 13 a. m., 303 West McCarty, store room and residence, no loss 10:45 a. m., 302 Indiana, store room $25 1:50 p. m.. 1728 Lockwood, residence. $lO. 6:09 p. m.. 1735 Boulevard Place. I residence. $lO. TUESDAY 4:02 a. m , 3357 North Gladstone, residence, SBOO. Gone, but Not Forgotten Automobiles reported to police as stolen William L Brown. 6166 Cornell avenue. Ford coupe. 117-979 from 26 East Maryland street. BACK HOME AGAIN Stolen automobiles recovered bv police belong to: Clarence Brickerett. RBI Poland. Ind.. Chevrolet touring found at Daisv street near Bluff road. S B Compton. 5521 .Greenfield avenue Ford sedan, found at East and Washington streets. Charles Orell. 1318 Wright street. Hup- ; mobile sedan, found at 1019 King ave- : nue. Ed Burgess. Kirkland. Ind . Buick sedan, found at Eatt drive. Riverside parkway. ; near Udel street. Mrs. Georgia Kirbv. 324 North Dearborn street. Chevrolet coupe, found at Muncie. Ind. Carl Deckard. 31 West Arizona street. ■ Ford coupe, found in front ot 3501 West Michigan street. ''

GR.WS IfiNQRE FIRM TREND IN STOCK VALUES All Deliveries Steady to Fractionally Lower: Interest Gains. BY HARMAN \V. NICHOLS, United Press Staff Correspondent CHICAGO. March 13. Grains disregarded a firmness in stocks and cotton today and opened steady to lower on the Board of Trade. Wheat and corn deliveries were unchanged to % cent lower and oats were unchanged to % cent off. Wheat bulls have shown more confidence in their positions tnan for some time. Inflation bills now before congress and the rapidly decreasing visible supply cheer them further. If there is any followup buying on the advance, it is possible that considerable enthusiasm will de--1 velop. Increased interest in the market was an encouraging feature yesterday as small buying power has been a depressing factor for some time. Chicago Primary Receipts —March 12 Bushels. , Toda Last Week. '} hfat 521 OPO 627.000 £ orn 701 090 601.000 ° ats 143.000 174.000 Chicago Futures Range —March 13— WHEAT— High. Low. In 90. close' May 89 .88% .88% .88% l" 1 '; 88'V 88% .88% .88% Se Pt .90 .89 1 j .89'- 89% CORN— 8 Mav 51% .51% .51% .51% July 53% .53% 53', 53% OATS- 5S ’ 2 55 ' 8 55 ' 8 Mav 34%33 1 , .34% .34% | V .35’ 4 .35 .35 .35% July 35 1 4 ,35 .35 .35% '• Se {T t ,—3s b .35% .35% Ri E May 69%, .60% .60% 60% July .62% .62 .62 '62% j Sept. 64% .64% .64% 64% BARLEY— * MOV 47 .46% 47 46% July .49 .48% CHICAGO CASH GRAIN ft.v f nilnl I’n xx CHICAGO. March 12 Cash grain: Wheat No 2 hard winter, 88' c. Corn— No. 2 mixed. 49' ,50%c. No. 2 old. 51c; No. 2 yellow. 49%-,, 59c. No 2 yellow, old, aO>/ 50%c; No 3 yellow, 487/ 48%c: No 4 vedow. 48%?/48%r No 6 yellow. 47%C' No 2 white 51%?, 52%c No. 3 white. 503, ("51% c: No 4 white 49%c. sample grade ?3%%47%c. oat? No. 2 white. 34%"35%c No. 4 white 32' ®33%c. Rve —No sales Bariev -71?, 75c; quotable. 49 ® 81c. Timothy $7.25 >/ 7.50, Clcv.er Seed —sll® 14.50. Cash provisions Lard. $6.46: loose. $6.4a j leaf $6 50; s belli".?. $8.12. ST. LOUIS CASH GRAIN By V nit a! Prrsx ST. Louis. Marcn 12. - Cash grain: Wheat In good demand, unchanged to lc higher: No. 2 red winter. 90%?,91c: No. 3 red 89c: No. 2 red garlicky. 87% | 7/ 89%c; hard grades, steady: No. 1 hard. 89c; No. 2 hard. 85' c; No. 2 mixed. 88%c. Corn—ln good demand. %c higher: No 2 yellow. 49% u 50%c; No 3 yellow. 49%® 49%c: No. 4 yellow. 49c: sample grade yellow. 39c. Oats—ln slow demand, unchanged to %• cent higher: No. 4 white. 33%C: No. 2 mixed. 35%c. TOLEDO CASH GRAIN By United Press TOLEDO, March 12. Grain close. (Grain in elevators, transit billing' Wheat—No. 2 red, 93%®94%c. Corn—No. 2 yellow, 557,56 c. Oats- No 2 white, 397,40 c. Rye— No. 2, 677, 68c. (Track prices, 28%c rate). Wheat—No. 1 red. 90®90%c: No 2 red, . 897/ 89%c. Corn—No. 2 yellow. 51@51%c: No. 3 yellow. 49%7,50c%; No. 4 yellow, 48%7,49%r Oats No 2 white. 35%®37%e; No. 3 white. 35?/37c. Toledo seed close: Clover, March. $8 25; Alsike. cash, $8.50. NEW YORK CASH GRAIN By United Press \ NEW YORK. March 12 —Cash grain: Wheat—No. 2 red. $1.06%: No. 2 hard winter. $1.06%. Corn No. 2 mixed. 50%c. Oats—No. 3 white. 45c. Indianapolis Cash Grain —March 12— The bids for car lots of grain al the call of me Indianapolis Board of Trade, f. o. b.. shipping point, basis 41%c New York rate, were: Wheat—Steady; No 1 red 82%7,83%c: No. 3 red. 81%?/82%c: No. 2 hard. 81 %?/ 82 %c. Corn—Firm: No. 3 white. 42 %® 43%c; No. 4 whit.e 41' _.7,42 %c. No. 3 yellow. 41%7/42%'C: No 4 yellow. 40%®41%C; No 3 mixed. 40%7,41%c: No. 4 mixed 39% 7/ 40%c. Oats —Steady No 2 white. 30®31%c: No. 3 white, 29%"30%c. —lnspections Wheat—No. 1 red. 2 cars: No. 2 red. 6 car ; No. 2 mixed 1 ear Total. 9 cars. Corn—No. 1 white. 1 car: No. 2 white. 8 cars: No. 3 white. 14 cars: No. 4 white. 3 car?: No. 2 yellow. 10 cars: No. 3 yellow. 22 cars: o. 4 yellow. 2 cars: No. 5 yellow 1 car; No. 2 mixed. 1 car. Total. 62 ears. Oats—No. 1 white 1 car: No. 2 white. 12 cars: No. 3 white 3 cars: No 4 white, 1 car: sample white. 2 cars. Total. 19 cars. INDIANAPOLIS WAGON WHEAT Citv grain elevators are paying 82 cents for No. 2 soft red wheat utner grades on their merits Births Bt.vs Roy and Bessie Matlock, city hospital. Russell and Anna Deer, 1318 East St. Clair. Frank and Gladys Springer. 1226 Finley. Julius and Mary Many. 1115 South tSate Harry and Ruth Dearing, 1330 Marlowe. Girls Lawrence and Avalee Pedigo. 201 North New Jersey. Robert and Alma Smock, 1007 South Noble Paul and Frances Dunn 4061 East Th'sH'-fourth Arthur and Ada Jenkins. 315 Minkner. Glenn and Marv Emery. 2435 Station. Deaths George H Schoeff. 66. citv hospital, pernicious anemia. Georgp Michel, 35, Central Indiana hospitl tuberculosis Mary Smith. 25 city hospital, streptococie septicaemia Amanda J. Smith, 84. 1017 Tecumseh place, hypostatic pneumonia. Abraham Clark. 76 Central Indiana hospital, brain tumor Emma C Vogel. 75. 3318 Carrollton, cerebral hemorrhage. E Thomas Haar. 64. 418 East Seventeenth. carcinoma. Edgar L. Snyder 64 269 Minkner. cerebral hemorrhage. Sallie W culmer. 73 3600 East Washington. acute myocarditis. Vera Jesephine Thatcher 59. 145 West Thirty-fifth, coronarv occlusion. Arthur William? 47. 793 West Twentyfifth acute cardiac dilatation. Ella Robinson. 44. 911 Charles, coronarv occlusion. Frank Dabe. 66 Central Indiana hospi'al. acute nephritis Lizzv Crawford. 59, Methodist hospital, general septicaemia. Alice Mae Kinney. 53. 1216 East Tenth, influenza Elizabeth Duhamell 63 Methodist hospital broncho pneumonia. John Rafferty. 63. Central Indiana hospital. pulmonary edema. Claude C. Adam.?. 56 2043 North Delaware. broncho pneumonia Lemuel G Hubbard. 79. 956 English, cardio vascular renal disease. Charles W Rossetter, 76 3840 North Illinois, erysipelas Benjamin Irvin. 66 145 East Sixteenth, acute broncho pneumonia. Richard Allen Marcum, 3 months, 230 Beauty 1/ '-ar pneumonia. Louis V Reinhar’. 69 2718 East Washinaron. acute cardiac dilatation. Vera B Miller. 44, Methodist hospital, anemia Mav Ri.llard DeVelling. 57, 5302 Central, cardiac dilatation. CONTEMPT VERDICT DUE Special Legislative Committee Studies Charges Against Editor. By I uiti and Pri sx FRANKFORT. Ky„ March 13. The decision of a special committee which heard contempt charges against Vance Armentrout, acting editor of the Louisville CourierJournal, was awaited today. The committee, which listened to arguments until early today, was to meet again this afternoon and possibly report its decision to the house tonight. 1

Lippmann

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