Indianapolis Times, Volume 45, Number 264, Indianapolis, Marion County, 15 March 1934 — Page 22

PAGE 22

Wall Street NRA Is Not in Serious Conflict with Economic LawsOther Federal Aims Constructive. BY RALPH HENDERSHOT limri Special Financial Writer Probably the most fundamental of all economic laws is the one of supply and demand. Under its strict provisions all offenders are supposed to be punished in one way or another and all mistakes of business judgment are corrected It is one of those natural laws with which even governments apparently can not tamper without being obliged to pay the penalty. Another important economic law is that of change. It seems to be tied very closely to she law of supply and demand. In fact, it appears to be out in front, guiding the other law along. It marks the path of

progress and reflects the demand of people for better means of transportation, more comforts, etc. Working together and influenced by a world of people with a host of shortcomings, these laws seem to have a great deal to do with bringing about business cycles. Few people would think of suggesting that the government of the United States or any other country’ could command or otherwise bring about a reversal or serious change in these laws. But there are those, including many in the present administration, who apparently feel that certain influences can be brought to bear which will modify the severity of their effects. Whether they can or not remains to be seen. a o a Can Help Stabilize Business One. of course, can not alter the law of gravitation, but if the ball is not throw’n so high it does not fall so rapidly or with such force. It might be argued that if the government can prevent over-supply

Ml

Ralph Hendershot

it can make lack of demand less possible. In other words, it can help stabilize business conditions and perhaps help prevent wide swings in the business cycle. But there would seem to be little it can do about the law of change. If the public wants a "better automobile or if it prefers some means of transportation other than an automobile it probably could not alter the desire. To carry the thought further, there would be no special point in attempting to protect a cotton market if the public had decided that it wanted to wear silks or to save the railroads if the public wishes to travel in buses. That the United States has embarked upon a course of so-called planned economy is certain The action was prompted by the suffering of the public from the depression. Many people look upon the step with fear and misgivings. They see in it an attempt to flaunt the operations of natural laws, and it is not surprising that they should hold up their hands in horror. They predict all sorts of trouble as a result. The government itseif admits it is experimenting. a u u tt tt tt Laws Not Seriously Violated But the things the government has done thus far would not appear to be in serious violation of the law of supply and demand. It has attempted to reduce the supply of cotton, for instance, but the supply already is excessive, and no shortage is likely to result. It has sought to prevent a further oversupply from depressing prices still more through the natural operations of the law of supply and demand. It is attempting to prevent mistakes which would bring additional punishment. The steps it has taken in connection w’ith stock market speculation would seem to be along similar lines. Excessive speculation brought about its natural punishment through the laws of supply and demand in depressed prices for securities. If speculation is kept within normal and necessary bounds in the future there would seem to be a fair chance that panic markets may be avoided. The danger would come, in all probability, if it made a mistake on the other side and killed the market entirely.

New York Stocks

■ (By Abbott. I —March 15— Oils Prev. High. Low. 10:30 close. Amerada Atl Rfg 31J 4 Barnsdall , ■ 8% ,§ 8 Consol Oil .... 13' 13 13 13 Cont of Del ... 19% 19 19 19 Houston i new). .. Indian Rfg 8 Mrd Cont Pet Offlo Oi! 13% 13% Pat Corp 1* 8 | Phillips Pet 11< Pure Oil 13% 13 Sbd Oil 35* 8 SheU Un 10% lO^ 8 Simms Pet 10 Ske:ley Oil 1° * S O of Cal .... .. ... 38% 39% S O of Kan ••• • 35% sOof N J 45% 451 2 Sun Oil 52! 8 Texas Corp 26% 27 % Tidewater Assn 11% 11% Un Oil of Cal 17% Steels — Am Roll Mills - 25 24% 24% 25 Beth Steel 43'i 43% Byers AM 27% 28 I Col Fuel % Irn 7% Cruc Steel 33% Gulf Sts Steel 41 Inland Steel 44 V, . McKeesport Tin 89 Natl Steel - • 49% 49% Rep Irn & Steel 22% 22% 22% 22% Rep Irn & Stl pfd 63 > U S Smelt 126% 124% 124% 127-s Vanadium 23 27 g Mid Steel 18% 19 U S Pipe & Pdv 23% U S Steel 53' 2 53% U S Steel pfd 92% 93% Y< tings twn S-T. .. ... 29 29% Rails— Atchison 68 68% Atl Coast Line - • 49% B& O 31% 30% 30% 31% Can Pac 17% 17% 17% 17% Ch & Ohio 45% 45% 45% 45 Chi Sc Gt W. 4% C M & St ‘% C M & St P pfd ll* B Chi NW -••• 13% 13% Chi R Isl 5% Chi R I 7*7i pfd 8 Dela & Hud 66 Erie 22% Grt Northrn pfd 29% 29% 29% 29% 111 Central 34 K C Sou 15% Leu A- Nash 56 56 a MK & T 12% 12% Mo Pac 5 3 b M Pac pfd • • - N Y Cent 38% 38% 38% 38% N Y Chi & St L • 22% N Y C-St L pfd 33% 33 33 33 N Y New Haven 19*4 N Y Ont A- Wes 10% Nor Pac 33% 33% Penn R R 35 a Reading •• • . • • . 53 Sou Pac 28% 28% 28% 28% Sou R R 33% 32\ Sou R R pfd 38% Union Pac ... •• 128% Wabash ... 4% 4% West Maryland 16% Motors— Auburn ... 55 55% Chrysler • •• - 54 Gen Motors ... .. ... 38% 38% Graham Mot .... ... _4 4 Hudson ••• 20% 20% 85St*7.v.:: ::: ■!. *. Nasn ••• 27% 27 Packard ••• 5% 5% Reo ••• Studebaker 8 Yellow Truck 6% Motor Access— Bendlx 19% 19% 19% 19% Bohn Alum _ 60 • 2 Borg Warner 26% 25% Briggs ... 15% 15% Buoa Wheel 4% 4% Eaton Mfg 20% 20% Elec Auto Lite. .. 29% 29% H ud A 6% 6% Mullins Mfg 14% Murray 80dy... .. 10% Stew Warner .. .. ... -■ 9% Timken Rol 36% 37 Mining— Alaska Jun 21 20% Am Smelt 45% 45% 45% 45% Anaconda 15 15 Cal <Sc Hecla 5% Cerro De Pasco 14 Homes take Min 358 Howo Sound ... 49 48 Int Nickel . 26% 26% Kennecott Cop . 19% 19% 19% 20% ; Noranda Cop ... 38% 36% Phelps Dodge 16% 16% Tobaccos — v Am Sum Tob \. .. ... Am Tobacco A 67 ■ 68 Am Tobacco B . • 70% 70% Gen Cigar 32% 32 32 32% Lise Sc Mvers B 87% 87 % Lcrriilard ' 17% 17% ; Reynolds Tob B. .. ... 41 41% ■, Equipments — Allis Chalmers 20% i Am Car & Pdy. .. ... 29% 29% : Am Loco 35 m 36% \ Am Mch & Pdy 1.% 17% j Am Steel Fdy 21% 21% jfM Loco ... 14 13% | Burroughs ... - 16% Ocse J I • ••• ** 1 Crter Tract ■ 30 % ' Oclgat Plm Peet .. I<%i Ccngoleum .. ••• ••• 28% j Blec Stor Bat 46% | Pester Wheeler 20% l Oen Am Tnk Car . . 40% I Gen Elec .. 22% 22% 22% 22% | Ocn R R Sig ... 44% Ingsoi Rand ..... ... ... 66 Int Harvester .... ... 42% Kelvinator ..... ... 20% 20% Nr.tl Cash Reg .. ... . 19% Proc A Gamble .. ... 36% 36% Pullman Inc 56% Simmons Bed .... 19% Und Elliot .... .. ... ... 4* West Air B ... .. ... • 32 Westiagh Elec 38% 39% [ Worthington Pmp 27 Utilities— Am A For Pwr 10 10% An Power A Lit .. ... 9% A T A T 120% 120% Am Wat Wks .... ... ... 21 % Brook Un Gas . .. ... . 13% i Col Oas A Elec •• ... 16*4 16% i Ocm A Sou .... • ... 32% | Ccnsoi Gas . .. ... 40% 40% i giec Parr A Lit 8 7% K P A L pfd 15 jm TAT .... 15 l2u G A E A . .. ... .. 19% Mtt Pwr A Lit 12% 12% \ Mfcrth Arner 19>4 19% Jtc O A E .... •• 20 Psb Serv N J.. .. 39% Sk> Cal Edison.. .. 18% Hi Gas ..... .. ... 13% 13% fij Gas pfd ... .. 13% Kited Corp 7% 7 6 Gas Imp ■■■ 17% 17% 17% 17% Par St Lit A.. ... ... 4%

loopln & Cos.) ——————— Western Union 57 Rubbers— Firestone 21% 21 21 22 Goodrich 16% 16% Goodyear 38 % 38 U S Rubber 20 % U S Rubber pfd 45% 45 45 45% Kel Spring 3*4 Amusements— Crosley Radio . .. ... ... 14% Fox Thea 16% 15% Loews Inc .. 32% 32% Radio Corp 8% 8% 8% Bli8 l i RKO 3*4 3% 3% 3% Warner Bros 7 7 Foods— Am Sugar ... 54% 54% Armour A 6% 6% Beatrice Cream 15% Borden Prod 23% 24 Can Drv G Ale 24% Cont Bak A 12% 13 Corn Prod 72% Crm of Wheat 32% Gen Foods 34 Gold Dust 20 20 G W Sugar 27% 27% Int Salt 26% Loose Wiles ... .. 41% Natl Biscuit 41% 41% Natl D Prod 16% 16% Purity Bak 16% 16 16 16% S Porto Rico Sug 33 Std Brands ... . 21% z 21% United Fruit .. 65% 65% 65% 65 Ward Bak A 9 Wrigley ... 59% Retail Stores— Ass Dry Goods. ... .. 17 Best & Cos 32% 33 Gimbel Bros 5% Gr Un Tea 7% Hahn Dept Sts 7% 7% Jewel Tea 45 44% Kresge S S 20 Vs 20% Kroger Groc ... 31% 31% 31% 31% Macy R H 54 % May Dept St 41% 42 Mont Ward 33 32% 32*4 33 Safeway St 52% 52 Sears Roebuck -. . 48% 48% Woolworth 51% 51% 51% 51 Aviation— Aviation Corp .. 8% 8% 8% 8% Douglass Air ... 26% 25*4 25% 26V 8 Curtiss Wright 4% 4% 4*4 4% Curtiss Wrignt A 10** Nor Am Av . 6% 6% United Aircraft 24 23% 23% 24% Chemicals— Air Reduction 97 % Allied Chem 150*4 Am Com Alcohol .. ... 50% Col Carbon 70 69% 70 69% Com Solvents .. . 27% 27% Dupont 97*i 97% 97% 98 Freeport Tex ... ... 45 Liuid Carb Math Alkali 34% Tex Gulf Sulph- 38 38 Union Carbide 43% U S Inds Alcohol .. ... . 53% Natl Dist (new) 27% 27% Drugs— Coty Inc 7% Lambert 29 Lehn Sc Fink 20% Zonite Prod 7 6% Financial— Adams Exp ... 10% Allegheny corp 3% 3*4 Chesa Corp 42 % Transamerica 7% 7% Tr Conti Corp. 5% 5% Building— Am Radiator .... ... 15 15 Gen Asphalt 19 Int Cement 31% Johns Manville .. . 58% 57% Libbv Owens Gls 38 37% 37*4 37% Otis Elev * 16% 16% Miscellaneous— Am Bank Note. 19% Am Can 100% 100% Brkvln Man Tr 32% 32% 32% 32 = 8 Conti Can 79 79 Eastman Kodak 89% Dwens Bottle 85 Gillette 11 11 Gltdden 24% Gotham Silk 10 Indus Ravon .. 86 Inter Aapid Tr 9% 9% New York Curb (By Abbott. Hoppin & Cos.) —March 14— Close Close. Allied Mills B*s Glen Alden Coal 18% Alum Cos of Am 73 1 a Gulf Oil of Pa 69% Am Cyanide B 17*8 Hiram Walker 46% Am G A- E! . 26*4 Hud Bav Min 12% Am Superpwr . 3% Humble Oil 42 As. G A- E 1... 1* Imperial Oil Ltd 14*4 Atlas Corp 14 Int Petrol 22% Can Ind Ale A 16 Lake Shore Min 47% Can Marc .. 4% Massev Harris 6% Carrier Corp .. B*B Natl Bellas Hess 3% Cities Serv .. 3' Newmont Min - 51 Con GOf Balt . 61 Nia Hud Pwr . 7% Cord Corp ... 7 Novadel Agene. 66 Creole Petrol 11 Pan Am Airways 39 Crown Cork Int 7% Park Davis ... 24% Deere & Cos. 31 ' Penn Road .. 3% Distillers Lim 22% St Regis Pap . 4 Distillers Corp . 20 Std of Ind ... 27% Dow Chem .. 70 Std of Kv 16% El Bnd Sc Sh . 18% Technicolor Ind 9% Fisk Rubber . 19% Teck Hugh Gold 6% Ford of Car. A 23% Un P A Lt A 3% Ford of Europe 7% Wright Har Min 8% Gen Aviation ..71

Investment Trust Shares

(By Abbott. Hopptn Sz Cos l —March 14— Bid. Ask American Bank Stocks Corp. 1.17 121 American & General Sec A .. 5 00 7.00 American & Inv Tr Sh 1 50 Basic Industry Shares 248 3.52 British Type Inv Tr Sh 64 .70 Collateral Trustee Shares A . 4.87 500 Corporate Trust Shares (old* 2.17 222 Corporate Trust Shares (new> 2.46 2.50 Cumulative Tust Shares 4 20 426 Diversified Trust Shares A.... 625 Diversified Trust Shares B 8 12 8.37 Diversified Trust Shares C 3 30 3 35 Diversified Trust Shares D .. 500 513 First Insurance Stock Corp . 1.32 136 First Common Stock Corp .... 87 .89 Fixed Trust Oil Shares A ... 887 912 Fixed Trust Oil Shares B ... 762 7.87 Incorporators Investments ... 19 )0 19 25 Land Bank Bond Shares .... 107 119 Low Priced Trust Shares ... 650 652 Mass Inv Trust Shares 19.39 21 07 Nation Wide Securities 3 56 3 60 North Am Trust Shares 153) 192 1 96 No Am Trust Shares '55-56' 248 251 North Am Trust Shares 1581 256 260 Selected American Shares 1.26 1 29 Selected American Shares Inc 282 .... Selected Cumulative Shares.. 7.25 Selected Income Shares .... 360 380 Std Amer Trust Shares A ... 309 313 Trust Shares of America ... 295 3.02 Trustee Std Oil A 5 85 5.87 Trustee Std Oil B 5 30 5 60 V 8 Electric Lt <fe Pwr A .. 12 50 13 00 Universal Shares 3. It 9.24

UNEVEN ACTION MARKS TRADING IN SECURITIES U. S. Smelting’ Dips Over a Point; Few Register Small Gains. #

Average Stock Prices

Average of thirty Industrials for Wednesday: High 104 69. low 103.31. close I 103.54, off .46 Average of twenty rails: 50.44. 49.48. 49.81. up .51. Average of twenty utilities: 27.54. 26.90 27.04. off I 09 Average of forty bonds: 9357, up .28. Average of ten first rails 98.81, up .25. Average of ten second rails: 33.30, up .39. Average of ten industrials: 95.96. up .45. Average of ten utilities: 96.29, up .03. BY ELMER C. WALZER, United Press Financial Editor NEW YORK. March 15.—Mixed j fractional changes were noted in prices at the opening on the Stock Exchange today. Volume was dull and the market lacked feature. United States Smelting opened at 126 off l 3 !? and the widest swing in the list. Small losses were made by United States Steel, Bethlehem Steel, Standard of California, Texas Corporation, American Smelting, Columbia Gas, Auburn Auto, and Sperry Corporation. Equally small advances were made by Case, Commercial Solvents, Alaska Juneau, Fox Film, Chesapeake & Ohio, and Socony Vacuum. During early trading the market lagged with prices around opening levels. American Smelting continued to decline and a few* other issues extended initial losses. Steel common held at its opening of 53%, off International Nickel held at the previous close oi 2678. American Telephone and American Can also were unchanged. There was nothing in the new’s to affect the market. Uncertainty over the stock market legislation was still a paramount factor in keeping traders to the sidelines. Car loadings made a fair showing so far this week as compared with the previous week, but rails had apparently discounted this item in recent ses*sions. They were irregular today. Utilities held around the previous close. Airplane issues also w r ere steady.

Bank Clearings

INDIANAPOLIS STATEMENT —March 15— Clearings $1,868,000.00 Debits 5.363,030.00 TREASURY STATEMENT By United Press WASHINGTON. March 15.—Government expenses and receipts of the current fiscal year to March 13, compared with the corresponding period of the previous fiscal year: This Year Last Year Erpenses *4.502,471.802.25 $3,538,138,812.94 Receipts 2.035.093,319.10 1,297.797.548.03 Deficit ... 2.467.378.483 15 2.240.341,264.91 Cash bal 4,787,551.870.90

U. S. Government Bonds

By United Press NEW YORK. March 14.—Closing Liberties: (Decimals represent ifiirty-seconds) LIBERTY 3 Vis (32-47) 103.1 First 4%s (32-47) 103.25 Fourth 4%s (33-38) 103.8 TREASURY 4%s 3Vis (45) 101.18 3%s (43-47) 102.4 3'is (41-431 March 102. 3%s (40-43) June 102 4 3 Vis (41) 101.23 3%s (46-49) 100.12 3s (51-55) 98.29

Federal Farm Loan Bonds j

(Bv Blyth & Cos., Inc.) —March 14Bid. Ask. 4s, Nov. 1, 1957-37 97Vi 98'/a 4s. May 1. 1958-38 97% 98% 4%5, July 1, 1956-36 97% 99 4%5, Jan. 1. 1957-37 97% 99 4'is, May L 1957-37 97% 99 4%5. Nov. 1, 1953-38 97% 99 4%5, May 1, 1942-32 99% 100% 4%5, Jan. 1. 1943-33 99% 100% 4%5, Jan. 1, 1953-33 98% 99% (TJs, July 1, 1933-33 98% 99% 4%5, Jan. 1, 1955-35 98% 99% 4%5. July 1, 1955-35 98% 99% 4 r aS, Jan. 1, 1956-36 98% 99% 4%5, July 1, 1953-33 99*4 101 4%5. Jan. 1, 1934-34 99% 101 4%5. July 1, 1934-34 99% 101 ss. May 1. 1941-31 101% 102% ss, Nov. 1, 1941-31 101V4 102% Home Loan 4s. July 1, 1951 97% 98

Daily Price Index

By United Press NEW YORK. March 14.—Dun & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press (1930-1932 average. 100 c Today 109.90 Yesterday 109.96 Week ago 108.69 Month ago 108.97 Year ago (bank holiday) 1934 high (March 12) 110.24 1934 low (Jan. 3i 101.05 (Copyright, 1934, Dun Sc Bradstreet, Inc.)

Foreign Exchange

(Bv Abbott, Hoppin & Cos.) —March 14— Close. Sterling. England $5.10% Franc. France 0658 Lira. Italv 0857% Belgias Belgium 2332 Mark. Germanv 3973 Guilder. Holland 6733 Peseta. Spain 1363'% Krone. Norway 2565 Krone. Denmark 2278

Liquor Stocks

CHICAGO CURB THURSDAY’ Sales. High. Low. Close. Eilbert Brew 100 2 % 2*4 2% Engesser 350 1% 1 & * 1% Peter Fox Brew . 400 7 6*4 7 Frank Fehr . 1400 72 60 70 Heileman Brew 111 6% 6% 6% Henrick R 400 1% 1% 1% Minn Brew .... 275 4% 4% 4*4 Meussel Brew 50 4% 4% 4% Squibb-Patt Brew 50 2 2 2

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coa! dealers. A cash discount of 25 cents per ton is allowed DOMESTIC RETAIL PRICES Anthracite $4.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5.50 Indiana, egg 5 00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7 25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $X a ton for coal carried to bln. NEW YORK COFFEE FUTURES —March 14— SANTOS High. Low Close. March 10.78 10 65 10.78 Mav 10 98 10 86 10 98 July 11 00 10 85 10 98 September 11.44 11.27 11 44 December 11.56 11.38 11 56 RIO January 8 81 March i 8 43 May 8 53 Julv 8 63 8.55 8 63 September 8.70 8 65 8.70 December 8.76 8.70 8 76 NEW YORK RAW SUGAR FUTURES —March 14— High. Low. Close. January 1,4 1.71 1.74 March 1.45 May 1.55 1 52 1.55 July 162 156 162 September 1.68 1.64 1.67 December .. ... 1.73

THE INDIANAPOLIS TIMES

Chicago Stocks B? Abbott UooDir A Cos. TOTAL SALES 38.000 SHARES —March 14— High. Low. Close. Acme Steel Cos 40 ! Am Pub Serv pfd 9 B*4 9 Bastian-Biessing 7',a 7% 7% Bondix Aviation 19% 19% 19% Borg. Warner 26% 26 26% Borg-Warner pfd 99% Brown Fence Wire A . ... 10 E L Bruce Cos 16% 18 16 Butler Bros . 11 10*4 10% Cent 111 Pub Serv pfd 18-“* Cent 111 Securities pfd . 8 1 * Cent Ind Power pfd 10% 10 10% Cent Pub Util V T C % Cent & So West pfd 6% Cent & So W P L pfd . 11 Chi Sc North Western . 14*4 14 14 Chicago Corp com ... 3% 3 Cities Service • •••• 3% 33% Commonwealth Edison. 56 55% 55-r-4 Cord Corp 7% 7 7 Crane Cos 9% 9% 8% Crane Cos pfd 62 61 61% Curtis Mfg Cos 6 Eddy Paper ••• 6% General Candv Corp... 6 5% 6 Goldblatt Bros 16% 16 16'* Great Lakes Aircraft ... 1 Great Lakes Dredge 18% Gen Household Util 14’/a 13% 14 Hart S& M 20 19 4 20 Houdaille-Hershev B .. 6*4 6Hr 6% Illinois Brick 5% Ind Pneu Tool 21 Kalamazoo Stove „ •••, 22 Kellogg Switch Com .. 4*4 4% 4% Keystone Steel Pfd •• 17% Libbv-McNeil 5 % a 5% Lincoln Printing , ■• • . . 1 4fetaoin shrdlu cmfwyp cmfwvp vbgkcn j Marshall Field 18 McGraw Electric 714 6*4 7 Middle West Utilities .... ... % Monroe Chemical 6 Monroe Chemical pfd •• 35 34% 34 4 Mosser Leather 15 National Leather ••• 2 National Standard ... 26 National Union Radio . 14 % 7 /a Noblitt Sparks Ind Inc. 15 14% 15 North American Car 5 Oshkosh Overall 5% Penn Gas & Elec 13% 13% 13% Perfect Circle 32 Pines Wintrfront 1% Potter Cos 5% 514 5% Prima Cos 9% 9 9 Public Service N P 20 Public Service 6% pfd , 60% Quaker Oats 116 115% 116 Quaker Oats pfd 121 Vs Reliance Mfg Cos 17% 17% 17% Southern Union Gas . 2% 2‘4 2% So W G & Elec pfd 60 Stutz Co of A . 6% Swift & CcP* 1714 16% 16% Swift Internacional . 27% 27% 27% Telephone Bd & Sh A 3% Thompson JR ? Utility & Ind ••• 1% Utility & Ind pfd 4% 4% 4% Vertex Cup Cos 10% 10% 10% Wahl 1% Walgreen Cos com 24% 24 24 Ward Montgomery A••• HI Yates Machine % Zenith Radio 3%

Produce Markets

Delivered in Indianapolis Prices—Hens, 11c, Leghorn hens, Bc, Leghorn spring-er-stags, 6c; large springer-stags, 9c; cocks, sc; Leghorn cocks, 4c; ducks, full feathered and fat. 4% lbs. and over 7c, geese, 6c; young guineas, 1% 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. wil lbe made. Butter —No. 1, 30@ 31c. No. 2. 27@28c; butterfat. 23c.—Quoted by Wadley. By United Press CHICAGO, March 15, Eggs Maret steady; receipts, 17-785 cases; extra firsts, 17%c; fresh graded firsts. 17%c; current receipts, 16%c; checks. 14%c; dirties, 15%c. Butter —Market steady; receipts, 9,304 tubs; storage standards (90 score), 22%®. 23c; extra firsts (90-91% score), 23%® 23%c; firsts <BB-89% score 1. 22%@.23%c: extras (92 score 1, 24 c; specials, 24%®25c; standards, 24c. Poultry Market steady; receipts, 25 trucks, one car due turkey hens, 17c; light hens, 14c; leghorns, 12c; ducks, 15@18c; roosters, 10c; colored springers, 17c; Plymouth Rock broilers, 26%c; geese. 12c. Cheese—Twins. 14% ®. 14 3 4 c; longhorns, 15 ® 15%c; daisies. 15 (a 15%c. Potatoes—Old stock, supply liberal; demand and trading slow’: market w’eak; Wisconsin round whites, $1,600/1.65; Idaho russets. $1.85(3:1.90, few sales $1.95; Colorado McClures, burlap sacks, $1.95(3:2; cotton sacks, $2.10: Nebraska triumphs, one car, '51.55. one car. $1.60; new’ stock, supply moderate; demand and trading slow; market dull; sales to jobbers, Florida bushel crates, Bliss triumphs, $1.0(31.65; shipments. 810; arrivals, 124; on track, 377. NEW YORK, March 15.—PotatoesSteady; Long Island. [email protected] per barrel; southern, [email protected] crate; Maine, $1.35®4.15 barrel; Idaho, $2.25(3.2.40 sack; Bermuda, [email protected] barrel; Canada. $2.15 (32.25 barrel. Sweet Potatoes—Dull: Jersey, basket, [email protected]; southern, basket, 50c<351.35. Flour —Dull: springs: patents, $6 60(36.80 barrel. Pork—Quiet: mess, $20.25 barrel. Lard—Dull; middle west spot, [email protected] per 100 lbs. Dressed Poultry—Firm; turkeys. 18% (325 c: chickens, 9@29c; broilers, 14®32c; capons, 19(333c: fowls, ll(318c; Long Island ducks. 14%@15%c. Live Poultry—Weak; geese, 7(39c; turkeys, 20322 c; roosters, 10c; diicks. 9@l2c; fow’ls. 14®17c; chickens, 13(318c; capons. 22®27c. Cheese—Weak; state whole milk specials, 19®20c; young America. 16c. CLEVELAND. March 15.—Butter market steady; extras, 28c; standards, 28c. Eggs —Market, firm: extra white. 17%c; current receipts, 17c. Poultry—Market steady; colored fowl, medium. 16@17c; Loghorn fowl, 3% lbs. and up. 13@14c; Leghorn fowl light, 12c; springers smooth, 16®17c; capons. 8 lbs. and up. 22c: colored broilers. 27(328c; stags, IZc; roosters, 9c; ducks w’hite. 5 lbs. and up, 17(318c; ducks, light, 16c: geese, 12@13c. Potatoes —Maine, few, $2.50; Idaho. $2.25(52.35; Ohio and New York. best. $2.10(52.15.

In the Cotton Markets

—March 14—■ CHICAGO High Low Close January 12.77 12.73 12.73 March 12.23 May 12.39 12.28 12.31 July 12.48 12.37 12.41 October 12.65 12.53 12.54 December 12.77 12.65 12.65 NEW YORK January 12.69 12.64 12.64 March 12.15 12.11 12.15 May 12.30 12.20 12.24 July 12.39 12.30 12.34 October 12.55 12.45 12.47 December 12.65 12.56 12.58 NEW ORLEANS January • 12.62 May 12.27 12.18 12.20 July 12.38 12.28 12.30 October 12.54 12.42 12.47 December 12.63 12.52 12.58 Births Girls Emile and Pearl Jarreau. 822 West Fifteenth. Albert and Birdella Ehle, Coleman hospital. Donald and El Rowe. St. Vincent’s hospital. Frank and Elizabeth lermano. St. Vincent's hospital. Thomas and Della Kinneney. St. Vincent’s hospital. Bert and Juanita Louden. St. Vincent's hospital. William and Cressie Davis. 1054 East Vermont. Boys Frances and Connie Richards. 1332 East Minnesota. _ Truman and Lillian Leffler. Coleman hospital. J’irdie and Goldie Milam. Coleman hospital. Herman and Vivian Worrell. Coleman hospital. Laurel and Alma Carriger. St. Vincent s hospital. Joseph and Margaret White, St. Vincent's hospital. Harvey and Stella Gilmore, 234 South Oakland. Alto and Josephine Furlong. 2832 West St. Clair. Twins Robert and Rose Prochaska. Methodist hospital, girl and boy. Deaths George Michel. 45. Central Indiana hospital, tuberculosis. Harry V. Stillabower. 48. 2753 Barth, cerebral embolism. Nellie Magennis. 58, Methodist hospital, obstruction of bowels. Mary E. Piersall. 81. 1002 St. Peter, hypostatic pneumonia. Stephen Mongold, 66. 1469 Alabama, coronary thrombosis. John A Roark. 58. 1336 Nordyke. broncho pneumonia. William E. Von Weller. 67. 2310 West Morris cardio vascularrenal disease. Emma Kimble. 64. 738 Greer, arteriosclerosis. Robert Toye, 70. 1001 Parker, cerebral hemorrhage. Susan Howard. 79. 5723 North Meridian, diabetes mellitus. Joseph Alt. 50. city hospital, lobar pneumonia. Barbara Jean Hoak. 2. 214 North Liberty. broncho pneumonia. Rose F. Gibson. 68. 1638 North New Jersey, uremia. Phoebe A. Burgess. 88, 2540 Broadway, acute myocarditis. Wilhelmina E. Sinker, 59. 1817 South Delaware, carcinoma. Mary M Sutton. 80. 1916 Tallman. arterio sclerosis. Tabbie Duncan. 43. 1745 South Keystone. pneumonia. Lillie Luck. 57. 1256 South Illinois, carcinoma. Guy Emerson Moore. 32. city hospital, acute endocarditis. Fire Reports Wednesday 6:55 am., 535 Drake, residence, small loss. 6 10:09 a. m, 2347 Station, athletic club, small loss. 11:17 a. m.. 2147% Highland, apartment, small loss. 12:01 p. m, 1035 South Pershing, residence. small .mss. 1:15 p. m, 33-35 West Maryland, restuarant. loss not estimated. 5:13 p. m.. Twenty-second and Avondale. false alarm. 5 42 p. m.. 853 Cant, residence, small loss. 8:13 p. m.. West Sixteenth and Big Four railroad, shanty, small loss. Thursday 5:36 a. m., 2022 Tipton, residence, small fogg.

HOG PRICES UP 5 TOl5 CENTS AT LOCAL PENS Cattle, Vealers Continue Steady; Lambs Even at $9.75 Down. Strong undertone continued in the hog market in early trading at the local stockyards this morning. Majority of all classes displayed an increase of 5 to 10 cents over yesterday's average. Several underweights remained steady to around 15 cents higher. The initial strength carried over from the previous session marked the second advance for the week. Bulk of all weights sold at $4.50 to $4.75. Several butcher grades were reported selling at $4.80. A single load of good and choice weights were salable around $4.90. Lighter kinds, scaling from 130 to 160 pounds, brought $3.50 to $4. while 100 to 130 pounds, sold at $2.15 to $3.25. Receipts were estimated at 4.500 holdovers, 140. With practically all slaughter classes of steers remaining stationary, early supply in the cattle market consisted mostly of odd and end grades. Choice stock was scarce and there was nothing on hand to command top prices. Receipts numbered 4CO. Vealers were unchanged, selling at $6.50 down. ReceiDts were 500. Only little action was displayed in the lamb market, W’ith most kinds scarce and steady at the previous close. The bulk of better grade lambs was salable at $9 to $9.75. Receipts were 800 . Initial asking advanced 10 cents on hogs at Chicago, with no bids evident. Receipts were estimated at 15,000, including 4,000 directs; holdovers, 2,000. Cattle receipts numbered 7,000; calves, 2.500; market weak to around 25 cents lower. Sheep receipts were 15.000; market weak to mostly 25 cents lower. Bulk. Top. Receipts. March 9. $4.65® 4.75 $5.00 "4,000 10. 4.65@ 4.80 4.80 1,500 12. 4.55® 4.70 4.80 6.500 13. 4.40® 4.55 4.50 6,000 14. 4.55® 4.70 •' .80 4,500 15. 4.50® 4.75 4.90 4,500 Market, Higher (140-160) Good and choice....s 3.75@ 4.00 —Light Weights—-(l6o-1801 Good and choice ... 4.50® 4.60 (180-200) Good and choice ... 4.70 —Medium Weights—-(2oo-220) Good and choice ... 4.75 (220-250) Good and choice ... 4.75® 4.80 —Heavy Weights—-(2so-290) Good and choice ... 4.75® 4.90 (290-350) Good and choice ... 4.60® 4.75 —Packing Sows—(3so down) Good 3.75@ 4.00 (350 up) Good 3.50® 3.75 (All weights) Medium 3.25® 3.75 —Slaughter Figs—-(loo-130 Good and choice ... 2.15® 3.60 CATTLE Receipts, 400; market, steady. (1,050-1,100) Good and choice $ 6.25® 7.25 Common and medium 4.25® 6.25 (1,100-1,500) 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® 3.25 Low cutter and medium 1.50@ 2.75 —Bulls (yearlings excluded) Good (beef steers) 2.75® .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-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, 800; market, steady. (90 lbs. down) Good & choices 9.25® 9.75 (90-110 lbs.) Good and choice 9.00® 9.50 (50 lbs. down) Com and med . 7.00® 9.00 —Ewes— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 Other Livestock By United Press CHICAGO, March 15.—Hogs—Receipts, 15,000, including 4,000 directs; moderately active; 5-10 c higher; 180-300 lbs., $4.50® 4.60; top, $4.65; 140-180 lbs., unevenly, [email protected]; pigs, $2.50®3.25; packing sows, [email protected]; light lights, 140-160 lbs., good and choice, $3,50®4.35; light weight. 160-200 lbs., good and choice, [email protected]; medium weights, 200-250 lbs., good and choice. $4.50® 4.65; heavy weights. 250-350 lbs., good and choice, $4.40®4.65; packing sows, 275-550 lbs., medium and choice, [email protected]; slaughter pigs. 100-130 lbs., good~ and choice, $2.50® 3.50. Cattle—Receipts, 7.000; calves, 2,500; good and choice yearlings, steady: lower grade yearlings and weighty steers, weak to 25c lower; heavy steers, 25-50 c lower from Tuesday’s high time; other killers, unevenly weak to lower; bulls, strong to 10c higher; best medium weight steers, $7.15; strictly choice yearlings absent; bulk steers and yearlings. [email protected]: slaughter cattle and vealers; steers. 550-900 lbs., good and choice. s6® 7.65; 900-1,100 lbs.. good and choice, $6®.7.65: 1,100-1.300 lbs., good and choice, $5.75®7.65: 1.300-1,500 lbs., good and choice, [email protected]; 5501,300 lbs., common and medium, $3.75® 5.75; heifers. 550-7.50 lbs., good and choise, $5®6.75; common and medium, $3.50®5; cows, good, $3.25®4.25; common and medium. $2 60 ®3.25; low cutter and cutters, $1.50®2.60: bulls, yearlings excluded. good, beefy. $3.25® 3.75; cutter, common and medium. $2.50®3.35; vealers. good and choice. 55®6.50: medium. $4.50 @5: cull and common. $3.50®4.50: stocker and feeder cattle: steers. 550-1.050 lbs., eood and choice. [email protected]; common and medium. $3.25®4.75. Sheep—Receipts. 15,000: fat lambs, slow; around 25-50 c lower; desirable offerings available around $9.50: scattered bids. [email protected]: sheep, steady; slaughter sheep and lambs; lambs, 90 lbs. down, good and choice. $9®9.50; common and medium, $7®8.85; 90-98 lbs., good and choice. sß® 9.40; ewes, 90-150 lbs., good and choice. [email protected]; ail weights, common and medium, [email protected]. EAST ST. LOUIS, HI.. March 15.—Hogs— Receipts, 7.000. including 200 direct; market, 5 to 10 cents higher; pigs and light lights opened steady to strong; bulk held higher; .bulk 180-250 lbs., $4.50® 4.60; mostly $4.55 on 200 lbs., and up: top. $4,65: 150-170 lbs.. $3.75474 45; 80-140 lbs., $2.50® 3.25; few up to $3.50; sows mostly $3.50® 3.65. Cattle—Receipts, 2 000; calves, 1.209: market opened slow but about steady on steers, mixed yearlings, heifers and cows; bulls unchanged; vealers 25 cents higher, top $6 50; early steer sales, $4.5047 5; mixed yearlings and heifers. $4.2547 5.25; cows, $3®3.75; low cutters. 51.25471.75; sausage bulls, largely, $2.75®3.15: nominal range slaughter steers. $3.75® 7: slaughter heifers, $3.25®6.50: slaughter steers, 5001,100 lbs., good and choice. $5.75® 7: common and medium. S3 75® 5 75: 1.100-1.500 lbs., choice. S5 75@7: good. $5®6.50; medium. $4.50® 5.75. Sheep—Receipts. 1.500; market not vet established: packers talking lower: small lot to city butchers, $9.50; lambs, 90 lbs., down, good and choice. $9 4)9.75; common and medium, $6 25® 9.25; 90-98 lbs., good and choice, 58.50®9 60: yearling wethers. 90-110 lbs. good and choice. $6.50® 8.50: ewes. 90-150 lbs., good and choice, $3.75®5 50: all weights, common and medium, $2.75®4 25. PITTSBURGH. March* 15.—Hogs—Receipts. 1.000: holdovers. 300; good demand and 10 cents higher on few’ loads here of 170-220 lb. averages: early sales these weights, $5.10; not many heavier weights on sale; 240-300 lbs. butchers quotable around $4 90; 120-140 lbs., s3® 3 25: lighter weights on down to |2 50. considering qualitv: rough sows. $3.75 down. Cattle—Receipts. 30; nominal. Calves —Receipts. 50; steadv: top and bulk vealers. $7; medium. [email protected]. Sheep—Receipts. 500; sorted fat wool-kin lambs, mostlv $lO 25 or steady: common to medium. quotable $64i9; shorn lambs, $8 down; clipped wethers, $5 down. By Timex Special LOUISVILLE. March 15 —Cattle. 150; supply light: market mostly steady, except some weakness on cows: bulk common to medium steers and heifers, s4®s; better finished kinds, $5 25 to around $6: bulk beef cows. $2.50#3 25: practical top. $3 50: low cutters and cutters. $1 25®2 25; sausage bulls. $3.75 down: stockers and feeders, unchanged. Calves—Receipts. 300: steadv; bulk better vealers ,ss® 5.50; strictly choice kinds eligible. $6: medium and lower grades. $4.50 down. Hogs—Receipts. 600; steadv: 170-240 lbs., *4.75: 245-270 lbs.. *4 40: 275 lbs. up. *4 05; 145165 lbs., $3.75; 120-140 lbs.. $2 40; sows, $2.80. Sheep—Receipts. 25: steady; medium to good lambs, $7.50® 8.50; choice kinds, *9 or better; throwout* mostly *5,50, desirable (at ewes, $2.50®3,

Market Average mm * Twenty Active Issues Listed on the N. Y. Stock Exchange.

AIL Chemical Am. Smelting Am. Can Am. Telephone Am. Tob B Atchison Chrysler Con. Gas N Y. DuPont Goodyear

jam ua ay resauAqy march alls j a n 39 1 n 19 25 9 n , , ;IQ—-I I I-.: . ~ r— — i— i i j Tiyir/tT I—*-1-1 1 X T I ; Lr'll 1 * 1 ' 1 t 1 “ : i p 1 ■■ , W-pp—‘l 5 l : gj-t[||||l 1 '4-±rj=U ■ . : 60. t mr 1 I Ii I ! 1 I ■cm _ 7 I , ! j ~t. ... j 1..„ ' ■ I I 7 5 c- ! I I I 1 1 1 1 1 lZ !_ 6 = . I T ' 1 I ' ! ! ! ' ! ! £jI11I! I I T L i * " v 1 . i 1 I * ! ! ! 1 : i j * 2 : 1 1 1 ! ' : ! I C 1 | | I 1 il/JUCf TRADES I | i j | ' "—j ~ jA A I‘ -j ... i~-L Ii ; b—T—--600 i y\ / t vol. qouaieo .it j I ( t \>_ i 1 o 5 i ' \ f I >ATuioAy/-j | i TT~ . t i 1 ; is s j'”. .J. ih |fca;=;;;uFLiLipEL : ,i ;-;—i hi ,||i I trtio — ; ~ 1 ritif - HI 111 . .111, ff —s

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

Bright Spots

(By Abbott. Hoppin &Cos.) Tung-Sol Works. Inc., in the first two months of the current year reports net profits of approximately $90,000, against SIB,OOO for the first six months of last year, or $163,242 for the full year of 1933. Bank loans of the company, which totaled $200,000 on Dec. 31. have been reduced to 550.000. The company recently resumed quarterly dividend payments. American Colortype Company annual report reeassd today shows that the company in 1933 had a net loss of $342,842 after depreciation, interest and reserve taxes, against $899,074 in 1932. Total shipments of the company last year amounted to $4,457,949, Output of the Electric Power and Light Company in the United States in the week ended March 10. was 1.647.024.000 -.ilow’att hours, against 1,390,607,000 in the like 1933 week. Norfolk & Western Railroad Company car loadings for own lines and connections in the week ended March 10, totaled 21.860 cars, against 21,369 in the previous week. Ohio Oil Company and subsidiaries in 1933 had a net loss of $130,016 after charges, against a. net profit of $7,242,981 in 1932. Spencer Trask Fund, Inc., declares the regular quarterly dividend of 12% cents a share on the common stock. New York Central Railroad Company’s January net loss was $759,395 after charges, against $1,725,462 in January, 1933. Car loadings of the company for own lines and connections in the week ended March 3, amounted to 108.379 cars, e gainst 77,868 in the like 1933 week. White Rock Mineral Springe declares the regular quarterly dividend of 50 cents a common share. Thompson Products Company in 1933 earned 56 cents a common share, against a net loss of $182,098 In 1932. Delaware, Lackawanna & Western Railroad Company's January net loss totaled $356,400 after charges, against $584,149 in January 1933. American Bakeries Company declares the regular quarterly dividend of $1.75 a share on the 7 per cent cumulative preferred stock. Pittsburgh and Lake Erie Railroad Company’s January net income totaled $148,775 ‘ after charges, against $98,905 in January, 1933.

On Commission Row

—March 15— Fruits Apples—New York Baldwins, fancy, [email protected]; fancy Staymans, $2.25; fancy Winesaps, $2.60. Oranges California Sunkist, s3@4; Floridas [email protected]. Lemons—Sunkist, $6; Red Ball, $5.50. Grapefruit—Arizona seedless 80s, $3; Florida, $2.75. Strawberries—Florida, pint, 15@17c; 36pt. crate, $6. Cranberries—C. C. Howes, Eatmores, 25lb. box, $3(3:3.25. 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. $3.50 per hamper. Celery—Florida, [email protected] a crate; mammoth bunch 75c; medium bunch 45c; hearts, dozen bunch $1.35. Onions —Indiana yellow. 50-lb. bag $1.35; red, $1 35; lowa white, $3. Potatoes —Northern round white 100-lb. bag, $2.15; Red River Ohios. $2.30: Maine Green Mountains. $2.65; Colorado McClures. $2 50; Idaho Russets, $2.50; Wyoming Triumphs 50-lb. bag, $1.40; New Florida Triumphs, $2. Sweet Potatoes —Indiana Jerseys per bushel, $2; Porto Ricans. $1.90. Asparagus—California select crate. $4.75. Beans—Round stringless. [email protected]; new lima. $3. Beets—New Texas 3-dozen crate, $1.50; bulk per bushel. $1.50. Carrots—California 6-dozen 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, [email protected] 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. $1; selected. cellophane wrapped, $1.25; original Florida, 30-lb. lug. $2. Other Livestock (By United Press) CLEVELAND. March 15.—Cattle Receipts. 150; market steady, all sold; choice steers, 750-1,100 lbs.. $6,503.7; 650-950 lbs., $5.503 6.50: 900-1.200 lbs., $5.50(3 6.50; heifers, 600-850 lbs.. $4.503 5.50; good cows, all weights. $2.5033.50 mediums, $3.50)3. 4.50: canners and cutters. $1.25)3 2.25; bulls, butchers. $3.50)3 4; bologna. $2.25)3 3. calves receipts. 350; market steady to strong, all sold; choice vealers $6 20)3 7.50: mediums. $5)3 6.50; common, $3)35. Sheep and lamt j—Receipts, 1,000; market, 15 to 25 cents lower; good to choice wool lambs, $9)39.85, mechuni to good. SB3 9; culls and cuts. $53 7.5(1; choice clipped lambs. $7)3 7.75; medium to good. $6)3:7; prime wether sheep. $5)36; choice ewes. $4 50)35 50; medium to good, $334. Hogs Receipts. 900 market. 10 to 15 cents higher; 250-300 lbs., $4 50)34.75: 220-250 lbs.. $4,753 4.90: 180-210 lbs., $4 853 4.90; 150-180 lbs.. 54.85 3 4.90: pigs. 100-140 lbs., $33,3.25; roughs, $2.75@3; stags, $1.75@2. FT WAYNE. March 15.—Hogs—Steady to 15c lower: 200-250 lbs., $4 50: 250-300 lbs.. $4.65: 160-200 lbs.. $4 40: 300-350 lbs., $4.10: 150-160 lbs.. $3.60: 140-150 lbs, $3 35: 130-140 lbs, $3.10; 120-130 lbs, $2.60; 100120 lbs, $2.10: roughs. $3 50; stags. $2. Calves. $6.50; lambs. $9(5.9.25. LAFAYETTE. March 15 - Hog market 5 to 15c higher; 225-325 lbs, $4.405 4.60; 180-225 lbs . S4 505 4.55: 160-180 lbs . $43 4.35: 140-160 lbs, $3.505 3.75: 125-140 lbs, 535-.325; 115-125 lbs, $2 253 2.75: 100115 lbs, $1.755 2; roughs. $3.75 down. Top calves —$5.50. CHICAGO BANKER NAMED DEMOCRATIC TREASURER W. J. C timings Assumes Duties; Farley Quits Party Post Soon. By United Press WASHINGTON, March 15.—Walter J. Cummings, chairman of the Continental Illinois National Bank & Trust Cos , Chicago, today assumed his new duties as treasurer of the Democratic National Committee. Postmaster General James A Farley, chairman of the national committee, announced the appointment. His own resignation is expected shortly and indications were he might be succeeded by Major John S. Cohen, Atlanta publisher. Mr. Farley is expected to resign in line with President Roosevelt's desire to divorce office holders from party positions.

IntT Harvester Johrts-Manvtll* Nat Biscuit Pub Sot N J Sears Roebuck Stand, of N J Un. Aircraft U. S Steel Union Pacific Westinghouse

INDIANAPOLIS RETAIL FOOD VALDES SOAR Gain of 20 Per Cent Shown Over Last Years Low. Index number of retail food prices in Indianapolis and other leading cities in the United States in a two-week period ended P’eb. 13, rose 2 4-10 per cent, according to announcement by the United States Department of Labor. The rise marked the fourth consecutive increase over a two-month period and placed the general level 20 per cent above the low mark reached in April, 1933. The announcement gave as a cause for the rise, the continued advance in price of butter, potatoes, beef cuts, leg of lamb, rice, hens, rolled oats, canned tomatoes, fresh milk, flour, pork chops, pork and beans and sugar.

Bond Prices

By Fenner & Beane —March 15— High Low 10:30 Alleg Corp 5s ’SO 33 32% 32% Am Sc For Pwr 5s 2030. .. ... 53 A T & T db 5s ’65 108 Atchison gen 4s '95 ..... . 100 B&O cv 4%s *6O 71% 71 71VI, Beth Steel 5s A ’42 ... 102% ChMStP-P ad 5s A 2,000 19% ChMStP-P 5s A ’75 48% 47% 47% Cons Gas N Y 4%s ’sl 99*s Denmark 5%s ‘55 94 Det Ed 5s E ’52 104% 104% 104% Erie R R rs 5s ’67 73'% 73% 73% French 7s '49 . 180% Goodyear 5s '57 98 97% 98 Gt Nor 4%s D ’76 81 Gt Nor 7s A ’36 99 Interboro RT 5s ’66 72 Vi 72 72 Int T & T db 5s '55 67% 76% 67% McKees & Robb 5%s ’SO 75 j Nat Dairy db 5%s ’4B 91% N Y Cent 4%s O 2,013 79% Nor Am 5s ’6l ... 91 Pac Gas & El 5s A ’42 . 105% Para Pub 5%s ’SO ... 50 49 49 Penn R R 4%s D ’Bl 95% Poland 7s '47 98% Royal Dutch 4s A '45... . 137% Shell Un Oil 5s 47 .... 96% 96% 96% Texas Corp 5s '44 102 101% 101% Tob Pr N J 6%s 2,022 106 Un Pac Ist 4s ’47 103% U S Rubber 5s A ’47 .. . 83 % 83 V* 83 % Vanadium 5s ’4 1 81 Western Un 5s ’sl 89 Ygstwn S & T B ’7O 88 TTSODR aW BY BRUCE CAITON “OEA LEVEL,” by Anne Parrish, is anotoher of those exceedingly clever stories about the foibles displayed by a large group of people who travel around the world together on a big steamer. It becomes pretty irritating. Miss Parrish rounds up for us a group of people who are trying, each in his own way, to escape from the cares of everyday life. Perhaps it would be more accurate just to say that they are trying. Surely a more disagreeable gang of round-heels seldom has gotten together in any one book. Most of the voyagers seem to be snobs, back-biters, fakers, or plain dumb-bells —and some of them are all these things at once. They travel around the world to see its wonders and concern themselves chiefly with shipboard jealousies. They visit Madeira and think only of the shops; go to Darjeelig and use Mt. Everest as background for snapshots of wet-nosed kids; complain that stopping in Egypt is a bore, and make you wish, in fact, that the ship would go off to some secluded corner and quietly sink. Miss Parrish devotes most of her j attention to a woman who thinks she has had a shattering love affair and to a man who thinks he is dying of an obscure and incurable disease. Each, as it happens, is mistaken, and their experiences symbolize the experiences of the whole crowd. When they get home, they’re right where they started, they have escaped nothing and solved nothing. And all this becomes, to my notion, a little bit tiresome. Miss Parrish condescends a little too much. The book is a shade too clever. Harpers is offering it at $2.50. EVANGEL SPEAKS HERE Salvation Army Adjutant Addresses City Leagues. “The Army’s Work Among Unfortunate Girls” will be the subject of a talk by Mrs. Ellen Brewer. Michigan City, Salvation Army adjutant, at a meeting of the threp evangelistic corps and home leagues cf Indianapolis in the Salvation Army citadel, 24 South Capitol avenue, at 2 this afternoon. The meeting is open to all women. z Hot Coffee Bums Baby Albert Haley, 16 months, of 815 East St. Clair street, upset a cup of hot coffee at his parents home yesterday and was scalded on the legs, arm and chest. He was sent o the city hospital.

MARCH 15,1933

CORN FUTURES RESIST TREND, MOVE HIGHER Wheat, Oats Unchanged to Slightly Lower: News Remains Dull. BY HARMAN W. NICHOLS Unitrd Pry** Staff Correvpondcnt CHICAGO, March 15.—Stocks and cotton were practically unchanged today and wheat followed their lead at the opening of the Board of Trade. Wheat deliveries were unchanged to % cent lower. Corn resisted th3 trend and moved % to \ cent higher, while oats were unchanged to % cent lower. Those friendly to the market saw in the present weather conditions a return of crop complaints and looked for some compromise program on present inflationary measures in congress which would aid commodities materially. Chicago Primary Receipts —March 14— Bushels. Today. Last Week Wheat 369.000 584,000 Corn 477.000 356.000 Oats 233,000 136,000 Chicago Futures Range —March 15— Prev. High Low 10:00 Close WHEAT— May 88% .87% .87% .88% July 88>4 .87*4 .87% 88% Sept 89% .88% .83% .89% CORN— May 51% .50% .51 .51 July 53% .52% .52% .52% Sept .54% .54% OATS— May 34% .33*4 .33% .34% July 35 .34% .34% .35 Sept. 35 .34% .34*4 .35 RYE— May 59% .58*4 .58% .59% July 63 .62% .62% .63% Sept 63 .62% .62% .63% BARLEY— May .46% .46% July 48% CHICAGO CASH GRAIN By T nitrd I'rrxx CHICAGO. March 14. Cash grain: Wheat—No. 1. hard. 90%c: No. 2 hard. 89%@89%c. Corn—No. 2 mixed. 49 %@ 49%c: No. 3 mixed. 49' 2 c: No. 2 vellow. 49 1 4®50c: No 2 vellow. old 51c: No. 3 vellow. 48%® 49% c: No. 3 vellow, old. 50 ®so%c: No. 4 vellow. 99c- No. 4 vellow. old. 50c: No. 2 white. 52@52%c: No. 3 white, 51% c. Oats—No. 1. white fancy, 39c: No. 2 white fancy 35Vi® 38c: No. 4. white. 33%@33*4C. Rve—No sales. Barley—Sales. 55® 81c; auotable. 50® 81c. Timothv—s7.2s® 7.50. Clover Seed—sll® 14.75. Cash Provisions—Lard. $6.50: loose. $6.45: leaf. $6.50; s. bellies. $8.12. TOLEDO CASH GRAIN By United Press TOLEDO. March 14.—Toledo grain close: (Grain in elevators, transit billing i. Wheat No. 2 red. 93® 94c. Corn—No. 2 vellow, 54%@55%c. Oats—No. 2 white. 39® 40c. Rye—No. 2. 66®67c. iTrack prices, 28%c rate). Wheat—No. 1 red, 89% ® 90c; No 2 red, 88%®89c Corn—No. 2 yellow, 50%®, slc: No. 3 yellow, 48®50c: No. 4 vellow, 48®49c. Oats—No. 2 white, 35% @37 Vic; No. 3 white, 35®37c. (Toledo seed closei. Clovet I —March. $8.25. Alsike —Cash, $8.50. ST. LOUIS CASH GRAIN By United Press ST. LOUIS. March 14.—Cash grain: Wheat—ln fair demand, lc higher on red and steadv on hard grades: No. 2 red, 90%®92c: No. 3 red. 91c; No. 2 red garlicky. 9®9lc: No. 2 hard. 88%c. nominal; No. 3 hard. 88c; No. 2 mixed. 89%c. Corn —ln fair demand, tone steady: No. 2 yellow, 49*4® 50c; No. 3 vellow. 49%c. Oats— In slow demand; nominally unchanged; no sales. NEW YORK CASH GRAIN By United Press NEW YORK. March 14—Cash grain: Wheat —No. 2 red, $1.05%; No 2 hard winter. $1.05%. Corn —No. 2 mixed. 59c. Oats—No. 3 white. 44%c.

Indianapolis Cash Grain

—March 14— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41% New York rate, were: Wheat—Steadv: No 1 red. 82®83c; No. 2 red. 81@82c; No. 2 hard, 81®82c, Corn —Firm: No. 3 white. 43%®4‘*%c; No. 4 white. 42%@43%c; No. 3 yellow, 42%®4.3%c: No. 4 yellow. 41%®'42%c; No. 3 mixed, 41%®42%c; No. 4 mixed. 40%® 41%C. Oats—Firm: No. 2 white. 31®32c; No. 3 white. 30® 31c. —lnspections Wheat—No. 1 red, 2 cars; No. 2 red. 1 car; No. 1 hard. 2 cars. Total. 5 cars. Corn—No. 2 white. 1 car; No. 3 white, 9 cars; No. 4 white, 7 cars; No 2 yellow, 7 cars; No. 3 yellow. 19 cars; No, 4 yellow’. 6 cars; No. 5 yellow. 3 cars; No 3 mixed, 1 car; No. 5 mixed, 1 car. Total. 54 cars. Oats—No. 2 white, 6 cars: No. 3 white. 1 car. Total, 7 cars. INDIANAPOLIS WAGON WHEAT City gr%in elevators are paying 81 cents for No. 2 soft red wheat otner graaes on their merits CHICAGO FRUIT MARKET By United Press CHICAGO, March 15.—Apples— Michigan Baldwins, bu., $1.40® 1.50. Carrots—lllinois, 40® 50c bu. Spinach Texas. 50® 75c bu. Beans —Southern green. 51.50® 2.75; wax, $23. Cucumbers—Central western hothouse, s2® 2 50. Tomatoes Florida, $1.25®2. Sweet Potatoes—Tennessee. $1.60® 1 75; Indiana $1.60® 1.75. Rhubarb— Michigan hothouse. 20®30c lb. cartons Rutabagas Central western. 75® 35c, 50 lb Turnips— Central western. 600/85c bu. Mushrooms — Illinois. 17%®32%c lb cartons. Asparagus —California. $1.50® 2.75. Onion market (50 lb. sacksi—Western Valencias, $ .90® 1.35; central western yellows, $ ,75@1; western whites, $1,750/2. SHOE SHOP TO OPEN H. Clair Kimber to Start Women’s Shoe Store in April. A shoe shop for women will be opened shortly after April 1 by H. Clair Kimber in the storeroom at 48 North Pennsylvania street, formerly occupied by the Paul H. Krauss company. Plans for alterations include an entirely new front of black structural glass, trimmed with chromium. An experienced podiatrist will be available in the shop. Marriage Licenses J. Hubert Dugan, 26, of 1153 Linden street, clerk, and Phyllis Hawkins, 25, of 6115 West Washington street, stenographer. Andrew Robinson. 26. of 2316 Columbia avenue, laborer, and Bertha Stokes, 25, of 2323 Yandes street, housekeeper. Charles Connette, 20, of 768 Massachusetts avenue, baker, .'nd Goldie Faucfcer. 23. Maywod. Ir.d. decorator. Cyril Skaggs, 23. of 317 Hancock avenue, clerk, and Etta Lenora Richey, 20. of 317 Hancock avenue, housekeeper. Gilbert Vest, 29. of 1104 St. Paul street, glass worker, and Bessie Garvin, 23, of 1564 Churchman avenue, housekeeper

Facilities . . . This firm provides adequate facilities for handling the accounts of individuals and institutions who buy and sell stocks, bonds and commodities. Fenner & Beane 512-514 Circle Tower nidg. Telephone Riley 3306 UIKHIi UTW YOU STOCK FXCHANGI