Indianapolis Times, Volume 45, Number 272, Indianapolis, Marion County, 24 March 1934 — Page 11

MARCH 2 1 1931_

Wall Street Whitney Criticism of New Exchange Bill Was Expected. —BY RALPH lIENDERSHOT

Time* Special Financial Writer IT was to be expected that Richard Whitney, president of the New York Stock Exchange, would find fault with the new FletcherRayburn bill to regulate stock exchanges throughout the country. The revised bill seeks to reduce speculation to the minimum, and, quite naturally, the leading stock exchanges in the country Is op-

posed to such a development. In other words, the exchange authorities and the government are definitely opposed to each other on fundamentals. Not all people in Wall Street are behind the exchange president on the question of speculation. Many feel it would be a good thing to limit the amount of stock the public can buy to

p. * - IB

Rilph Hendershot

that which it can pay for in large measure with cash. They contend it would result in a stronger business and security foundation. The general public would seem to be stringing along w’ith the administration also. From the standpoint of the brokers, speculation is desirable. It makes for a larger turnover of stocks and, consequently, additional commissions. And since Mr. Whitney is representing the brokers, he can not be criticised for speaking in their behalf. In fact, Mr. Whitney is a broker himself, and his firm would suffer along with the others in the loss of commissions. tt tt a WHAT the country should decide upon is whether speculation is necessary to the proper functions of the exchanges and to business. No one will question the fact that industry is aided materially in securing long-term capital when the market is active and when the public is participating normally in the market, but it may be that the cost of this capital is too grqjt for industry to bear if speculation, with its consequent dangers, is permitted to flourish unrestricted. Certainly speculation ran wild in the last bull market, and it is obvious that all, even the brokers, have suffered as a result. That it should not be allowed to happen again is generally conceded. The point to determine, if possible, is just how severe the brakes should be to keep trading in check and at the same time conserve the better features of the exchanges’ facilities.

On Commission Row

—March 23 Fruits Apples—New York Baldwins, fancy, $1.60; fancy Staymans $2.25; fancy Winesaps. $2 60. Oranges Callofrnia Sunkist. s3@4; Floridas, $2.75®3.75. Lemons—Sunkist, $6; Red Ball, $5.50. Grapefruit—Arizona seedless 80s. $3; Florida. $3.25. Strawberries—Florida, pint, 16@17c; 36pt. crate, $5.505t6. Cranberries —C. C. Howes. Eatmore. 25lb. box. $2.50. Melons —Argentina Honeydews. $2.50. Pears—Florida, Avacados, $2.50; Calavos $3.50 per box. Bananas —Per pound. 5 cents. Vegetables Cabbage—New Texas. $1.25 per halfJrate; Florida red. $3 per hamper. Celerv—Florida, $2.50'u'3.25 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. $2.10; Red River Ohios, $2.30; Maine Green Mountain $2.50; Colorado McClures. $3 35; Idaho Russets. $2.35; Wyoming Triumphs, 50-lb. bag, $1.25; New Florida Triumphs, $1.90. Sweet Potatoes—lndiana Jerseys per bushel. $2; Porto Ricans, $1.85. Asparagus—California select. crate. $2,754/ 3.50. Beans—Round, stringless, $3.50; 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, $1.25. Lettuce—Hot house. 10-lb. basket. 70c; Iceberg best. $2,754/3.25 a crate. Peas—3o-lb. hamper. $2.75. Radishes—Hot house buttons. 45c a dozen; long white, 40c per dozen. Rhubarb —Hot house. 45c a bunch. Spinach—New Texas. $1 per bushel. Tomatoes—Repacked. 10-lb. carton, $1; selected. cellophane wrapped $1.25; original Florida. 20-lb. lug. S2. Marriage Licenses William Irving. 47. of 2518 Baltimore avenue, laborer, and Bertha Green, 22, of 2425 Sheldon street, housekeeper. Jesters Scott, 21. of 415 Smith street, laborer, and Sarah Belie Long. 16, of 1312 North Missouri street, housekeeper. Janies H Powers. 45. of 1015 College avenue, clerk, and Gladys Spickler. 34. of 2345 North Delaware street, stenographer. Richard Duke. 23. of 607 East Thirtysecond street, salesman, and Janet Jaqua, 21. of 3534 College avenue, housekeeper. Theodore Malone. 30. of 2216 Massachusetts avenue, laborer and Maria Smith. 27, of 1734 Yapdes street, maid. Joseph Wilson. 22. of 522 North Drexel avenue, grocery executive, and Mildred Funk. 20. of 2417 Shelby street, housekeeper. Paul Sellers. 24. of 1110 West Thirtyfourth street, meat packer, and Nellie Young. 20 of 659 Eugene street, clerk. Births Girls John and Marv Lantz. 520 North Riley. Harold and Adeline Schultz. 608 West Thirtieth. John and AUiene Spray. 3520 North Emerson. Roy H. and Francis Whitaker. St. Francis hospital. Leo E. and Evelyn Beck. St. Francis hospital. Flovd and Helen Sommers. St. Francis hospital. James D. and Iris Wickam. St. Francis hospital. Leonard H. and Elsie Miesberger, St. Boys John and Anna Crowley, 428 North Bosart. Fred E and Mrs. Antonia Henke. St. Francis hospital. Paul Sand Lillian Sterling, St. Francis hospital. Roy E. and Opal Butler, St. Francis hospital. William and Ruth Berkholz. St. Francis hospital. Roy and Patricia Williams, St. Francis hospital. Bvron J. and Rachael Sullivan. St. Francis hospital. Deaths Francis Wills. 70. Methodist hospital, lobar pneumonia. Frank Ciutter. 28, Ambulance, skull fracture. Margaret Bordenkecher. 62, 2249 BrookSide, carcinoma. Jamee N Campbell, 66. 1817 Bellefontain. chronic myocarditis. Marv Dorn. 60. 635 Tecumseh, coronary occlusion. Sarah Jane Sprager. 74. 509 North Illinois, lobar pneumonia. Herbert F Jones, 57. 2907 North New Jersey, anemia. Elia Hamilton Lynn, 89. 3040 Washington boulevard, acute dilatation of heart. Marquis Hooker. 53. Veterans' hospital, fractured skull. Robert Noble, 1. Riley hospital, acute mostoiditis. Cora McMillon. 47. 2452 Martindale. fractured skull. Yet Sargent, 75. city hospital, chronic myocarditis. Joseph Shapiro. 60. Methodist hospital, coronary occlusion. Glena Thayer. 12. city hospital, pericarditis. Betty Jean White. 28 days. Riley hospital. streptococcic septicaemia. William B. Betz. 66. city hospital cerebral hemorrhage. Addle M Majors. SI. 548 North Hamilton, apoplexy.

STOCKS IRREGULAR; VOLUME REACHES NEW LOW

SELLING WAVE CARRIES GRAIN VALUES DOWN Trading Lightest in Many Sessions; All Months Sharply Lower. By United Press CHICAGO, March 24.—Extreme dullness still held the grain market on the Board of Trade yesterday. Close observers said yesterday’s session was one of the most stagnant In many week. Wheat finished % to 14 cent lower, com was % cent lower and oats were 14 to 14 cent lower. Because there was no particular incentive to buy, a mild wave qf selling overtook the market and wheat prices averaged slightly lower for the day. Uncertainty regarding the restless condition of industry was given as one of the main influences in checking interest and traders whiled away their time, nearly vacating the pits. Winnipeg wheat was quiet throughout the day and prices were little changed from yesterday’s finish. Liverpool closed 14 to % cent higher with less pressure from Argentine in evidence. The shipping demand for corn was slow and the yellow cereal held dull. The new Argentine crop w*as reported as conditioning slowly, but the demand for the cash grain abroad was said to be somewhat less active. Chicago Primary Receipts —March 23 Bushels. Today. week. Wheat 335.000 315,000 Corn 479,000 648,000 Oats 122,000 106,000 Chicago Futures Range —March 23-* Prev. WHEAT— Open. High. Low. Close, close. May 87>/ .87% -86Vg .87 % .61'* July 87'4 .875* .87 ,87'/ .87% Sept 88' 4 .88 '4 .87% .88% .88 V* CORN— May 50% .50% .50% ,50 5 /b .51 July 52% .52% .52% .52% .52% Sept. ..... .54% .54% .54% .54% .54% OATS— May 33% .33% .33% .33% .34 July 34% .34% .34% .34% .34% Sept 34% .34>/2 RYE— May 59% .60 .59% .59% .59% July 61 .61 .60V2 .60% .611/8 Sept 63% .63'/8 .62% .63 .64% BARLEY— May 47% .47% July 48% .49% Sept 50 .50'/b Lard (oldi— May 5.82 .. .. 6.82 5.80 BELLIES (OLD)— Mav .. .. 7.35 7.35 BELLIES (NEW) Mav 7.95 .. .. 7.95 7.95 July 8.25 8.25 Sept . • .. 8.50 8.55 LARD (NEW! Mav 6.32 .. .. 6.32 6.32 July 6 37 .. .. 6.37 6.35 Sept 6.60 6 60 6.57 6.60 6.57 CHICAGO CASH GRAIN By United Press CHICAGO, March 23.—Cash grain: Wheat—No. 5 red. 84%c; No. 2 hard, 88%c; No. 5 hard, 86c: No. 3 yellow. 48%® 49%c; old 50c: No. 4 yellow, 48%c; dry old 49"ic; No. 2 white. 51%@52c; old 52%c; No. 3 white, 51%c: old 51%c: No. 5 white, 48%c; sample grade white. 41 ® 44c. (Local rates applicable via. lake only.) No. 2 yellow, 48%c; No. 3 yellow, 48®48%c; No. 3 white, 51 %c. Oats— No. 2 white, 35®37%c; No. 3 white. 34% ® 35c; No. 4 white, 32%W33%c. Rye—No sale. Barley—so® 74c; quotable. 48® 81c. Timothy—s7.2s®7.so. Clover Seed—sll® 13. Cash provisions—Lard, $6.17; loose. $6.17; leaf. $6.12; S. bellies, SB. TOLEDO CASH GRAIN By United Press TOLEDO. 0.. March 23.—Grain close: Grain in elevators, transit billing: Wheat —No. 2 red. 92®9ljc. Corn—No. 2 yellow, 54® 55c. Oats—No. 2 white. 38%@39%c. Rye—No. 2. 65%®66%c. Track prices, 28%c rate: Wheat—No. 1 red. 88 % (ft 89c; No. 2 red, 87%@88c. Corn—No. 2 yellow, 50®50%c; No. 3 yellow. 49®49%c: No. 4 yellow, 48®48%c. Oats—No. 2 white. 37(f) 37c; No. 3 white, 34%®36%c. Toledo seed close: Clover—March, $8.25. Alsike—Cash $8.50. ST. LOITS CASH GRAIN Py United Press ST. LOUIS, March 23.—Wheat —In good demand, % cent lower on red and steady on hard; No. 2 red, 89c; No. 3 red. 89c: No. 2 hard. 87%c; nominal. Corn—ln good demand, steady: No. 1 yellow. 51c: No. 2 yellow. 49 %®soc; No. 3 yellow. 49%c; No. 2 white, 51c. Oats—ln fair demand, tone steady; No. 2 white. 36%c; No. 1, Burt, 36%c; No. 2. Burt, 37c.

Indianapolis Cash Grain

—March 23 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—Easy: No. 1 red, 81%(582%c; No. 2 red, 80%<5 81%c; No. 2 hard, 80%®, 81 %c. Corn—Easy; No. 4 white 43®44c: No. 5 white, 42 1 43c: No. 4 yellow. 42®43c; No. 5 yellow. 41®42c: No. 4 mixed, 41®42c; No. 5 mixed. 404/ 41c. Oats—Easy; No. 3 white, 30%@31%c; No .4 white. 29%®30%c. —lnspections Wheat—No. 1 red, 1 car; No. 2 red. 4 cars; No. 1 hard. 1 car. Total. 6 cars. Corn—No. 3 white 3 cars; No. 4 white. 5 cars; No. 5 white, 4 cars; No. 3 yellow, 5 cars; No. 4 yellow, 11 cars; No. 5 yellow 3 cars; No. 6'yellow. 1 car. Total, 32 cars. Oats—No. 3 white. 8 cars; No. 4 white. 4 cars; Sample white. 2 cars; Sample mixed, 1 car. Total. 15 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 80 cents for No. 2 soft red wheat, otner grades on their merits.

In the Cotton Markets

—March 23 Chicago High. Low. Clase S January 12.36 larch 11.89 Mav 12.03 11.95 11.97 Julv 12.14 12.07 12.08 October 12.24 12.17 12.20 December 12.32 12.27 12.32 New York January 12.30 12.23 12.25 March 11 92 11 84 11.84 May 11 96 11.86 11.68 July 12 09 11 98 11.97 October 12 18 12.10 12.11 December 12.26 12.19 12.20 New Orleans January 12.29 12.24 12.24 March 11 89 11.83 1183 Mav 11 96 11 88 11.98 July 12 07 11 98 12.02 October 12.17 12 09 12.14 December 12.23 12.20 12.21

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is aUowed. DOMESTIC RETAIL PRICES Anthracite $4.2$ 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 tump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal and (1 a ton for coal carried to bin. CHICAGO FRUTT MARKET By United Brent CHICAGO. March 23 —Apples—Michigan Baldwins. $1.50. Carrots—lllinois. 40950 c bushel. Spinach—Texas. 604i85c bushel. Beans —Southern green $29 3. wax. $2 5044 3. Cucumbers—Central western hothouse. $2,259 2.75. Tomatoes—Florida. *292 75 Sweet Potatoes Tennessee. $1.60'a1.65 bushels Indiana. $1.6591.75. Rhubarb— Michigan hothouse. 15935 c. (5 lb. cartons i. Turnips—Central westren. 50c bushel. Mushrooms ilb. cartons). Onion market '(SO lb. sacks) —Western valenclas, 80c 9 $130; central *estern vellowt, 75695 c; western whites. •1.6961.7&.

Porker Prices Advance 20 Cents at City Pens; Cattle, Veals Steady

Federal Farm Loan Bonds

(Bv Blyth & Cos , Inc.) —March 23 Bid. Ask. 4s Nov. 1. 1957-37 96% 97% 4s Mav 1, 1958-38 96% 87% 4 V4K July 1, 1956-36 96% 98 4%5 Jan. 1. 1957-37 96% 98 4%s May 1 1957-37 96% 98 4%s Nov. 1, 1958-38 96% 98 4%s May 1, 1942-32 98% 100 4%s Jan. 1, 1943-33 98% 100 4%s Jan. 1. 1953-33 98% 99% 4%s July 1, 1953-33 98% 99% 4%s Jan. 1 1955-35 98% 99% 4%s July 1. 1955-35 98% 99% 4 1 is Jan. 1, 1956-36 98% 99% 4%s July 1. 1953-33 99% 100% 4%s Jan. 1. 1954-34 99% 100% 4%s July 1, 1954-34 99% 100% 5s Mav 1, 1941-31 100% 101% 5s Nov. 1. 1941-31 100% 101 Vi Home Loan 4s. July 1, 1951.. 98 98%

Produce Markets

Delivered in Indianapolis Price*—Hens, 11c, Leghorn hens. Bc, Leghorn spring-er-stags. 6c; large springer-stags, 9c; cocks, sc; Leghorn cocks, 4c; ducks, full feathered and fat. 4Vi lbs. and over 7c, feese, 6c: young guineas, lVa to 3 lbs., Oc; 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. Bv United Pres* CHICAGO, March 23.—Eggs—Market, steady; receipts, 29,224 cases; extra firsts, 18c; fresh graded firsts, 17 %c; current receipts, 16%c; dirties, 15 %c; checks, 14%c. Butter—Market, steady; receipts, 11.125 tubs; storage standards, 90 score, 23c; extra firsts, 90®91% score, 23®23%c; firsts, 88-89 % score, 22®22%c; seconds, 86® 87% score. 21%c; extras, 92 score, 23 %c; specials. 23%®24%c: standards. 23%c. Poultry—Market, firm; receipts, 14 trucks, 1 car. 1 car due; turkey hens. 22c; Leghorns, 12c; ducks, 15® 18c; roosters, 10c; colored springers, 17c; Plymouth Rock broilers, 26%c; Leghorn broilers. 22c; geese, 12c; hens, 14%c: colored and white rock broilers, 25c; bare back broilers, 21c. Cheese—Twins. 14%®14%c: Longhorns, 14%@15c: Daisies. 14%®15c. Potatoes— Old stock: supply liberal; demand and trading slow; market, dull; Wisconsin Round Whites, $1.30®1.40, unclassified $1.15® 1.20; Idaho Russets, $1.70® 1.75; Colorado McClures, $1.60® 1.70; new stock, supply light; demand and trading moderate; market, stronger; sales to jobbers, Florida bushel crates, Bliss Triumphs. $2. Shipments, 922; arrivals, 77; on track, 319. CLEVELAND, March 23.—Butter—Market, steady; extras, 27%c; standards, 27%c. Eggs—Market, steady; extra white, 18c; current receipts, 17c. Poultry—Market, firm; colored fowl medium, 10® 17c; Leghorn fowl, 13® 14c; springers, smooth. 16® 17c; capons, 8 lbs. and up, 22c; colored broilers, 25® 28c; stags. 12® 13c; ducks white, 5 lbs. and up. 18c; ducks light, 16c. Potatoes—Maine best, $2,25® 2.35; Idaho best, $2®2.15; New York and Ohio best, $1.75® 1.90. NEW YORK, March 23.—Potatoes —Dull; Long Island, [email protected] barrel; southern, [email protected] barrel; Maine, $1.20® 3.80 barrel; Idaho, $2®2.25 sack: Bermuda, s4®7 barrel; Canada $2®2.15 barrel. Sweet Potatoes—Dull; Jersey, basket. 40c® $1.75; southern, basket 85c® $1.35. Flour —Steady, Springs, patents, $6.40® 6.65 barrel. Pork —Steady: mess, $20.25 barrel. Lard— Easy; middle west spot. $4.95® 5.05 per 100 lbs. Dressed Poultry—Quiet; turkeys, 18%®25%c; chickens. 9®27c; broilers, 14® 28c; capons, 19@33c; fowls, 13® 18c; Long Island ducks, spring. 16® 17c; frozen 14%®>15%c. Live Poultry—Easy; geese, 7®;9c; turkeys, 29®29c; roosters. 10c; ducks. B®l2c; fowls. 13®>17c; chickens, 13®18c; capons. 22®30c; broilers, 15®25c. Cheese—Dull; state whole milk specials, 19c; young America, 15%®i6c. Butter — Receipts, 9,601 packages; market firmer; creamery, higher than extras, 25®25%c; extra 92 score. 24%® 24%c; first, 90 to 91 score. 24%c; first, 88 to 89 score, 24® 24%c; centralized, 90 score, 24%c; centralized 88 to 89 score, 24® 24%c. Eggs—Rectipts, 21,439 cases; market firm; special packs, including unusual hennery selections, 20%®>22%c: standards. 19%®19%c; firsts, 18%c; seconds. 17c; mediums. 16%® 17c; dirties. 16%@17c; checks 16@16%c; storage packs, 18%®19c CINCINNATI, March 23.—Butter—Packing stock No. 2. 18c; butterfat, 23c. Eggs —Steady; extra firsts, 17%c; seconds, 15%c; nearby ungraded. 16%c; goose, 75c; ducks, 25c. Live poultry—Fowls. 5 lbs. and over. 14c; 4 lbs. and over. 14c: 3 lbs. and over, 14c; Leghorns, 3 lbs. and over, 12c; roosters, 9c; stags colored, 13c; Leghorns, 10c; 1934 colored broilers, 1% lbs. and over, 23c; 2 lbs. and over. 24c; capons, 8 lbs. and over, 22c; under 8 lbs., 19c; ducks, white, 4 lbs. and over, 12c; under 4 lbs., 11c; colored, 4 lbs. and over, 11c; under 4 lbs., 10c; guineas, old, 10c; No. 1 turkeys, young hens, 8 lbs., and over and young toms, 10-15 lbs., 20c; young toms over 15 lbs., 20c; No. 1 old toms. 15c.

Foreign Exchange

(By Abbott, Hoppin & Cos.) —March 23 Close. Sterling. England Franc, France 0661 Lira, Italy 0860 Belgias, Oelgium 2337 Mark, Germany 3985 Guilder. Holland 6763 Peseta, Spain 1369 Krone, Norway 2568 Krone, Denmark 2284 Other Livestock (By United Press/ EAST ST. LOUIS. 111., March 23.—Hogs —Receipts, 6.500. including 200 througu and direct; market fairly active; 15 to 20c higher; pigs and hgnt lights steady to 25c higher; bulk 190-260 ids., s4.so (ii, 4.55: 160-180 lbs. $4,151(4.40; 140-150 lbs., $3.2593.85; few higher, 100-130 lbs., $2.35(0,2.85; few at $3; sows mostly $3.404/ 3.65. Cattle—Receipts, 800; calves, 800; market, not enougn steers on sale to make a market; vealers 25c lower; other classes unchanged in clean-up trade; few mixed yearlings and heifers, $4,254/ 5.25; cows, *39 3.70; low cutters, $1.25(.1.75; sausage bulls, $34(3.35; top vealers, $7; nominal range siaugnter steers, $3.70@7; slaughter heiters, $3.259 6.50. Slaughter steers SoU--1.100 los., good and cnoice, $5.754(7; common ana medium. $3.75(0.5.75; 1,100-1,500 lbs,, choice, ss.7s<g'i; good, $5(^6.50; medium. $4,504(5.75. Sheep—Receipts, 1,200; market, very lew on market early; not established; small lots good to choice lambs to city butchers. $9.25 down; lambs, 90 lbs. down good ana choice, $8,754(9.50; common and medium, s6® 9; 90-98 lbs., good and choice, $8.50449.50; yearling wetners, 90-110 lbs., good and choice. $6.75448.50; ewes, 90-150 lbs., good and choice, $3.75545.50; all weights common and medium, $2.754£4.25. CINCINNATI. March 23.—Hogs—Receipts, 3.400 including 834 direct and through; holdover 500; opened mildly active, ifl@lsc higner; top and early bulk, $4.80; oetter 160-180 lbs., $4(y.4.35; 130-160 lbs., $34i4; most good packing sows, $3.25 443.50. Cattle—Receipts, 600; calves, receipts, 300; steady to strong; bulls steady; most steers ana heifers, $5445.75; small lot handyweignt steers and heifers, 56.35; most fat cows, $3<vi3.75; few $4 or aoove; low cutters and cutters. $1,754/3; sausage bulls, $3.75 down; calves, strong, Sue higher; good to choice vealers, $7448; plainer mainly $454.6.50. Sheep—Receipts, 200; steady, quality of offerings considered: better wool iambs mostly $9(99.50; common to mediums, $6.50448.50; fat ewes. s3<£s. TOLEDO. March 23.—Hogs—Receipts, 175; market. 104115 c higher; neavy yorkers, 14.50444.60; mixed ana buik of sales, $4.404i4.60; pigs and lignts, $2.25 444; medium and heavies. $4. 25444. 50; roughs. $3 4(3.25. Cattle—Receipts. 125; market, strong. Calves—Receipts, light; market, steady. Sheep and lambs—Receipts, light; market, steady. KANSAS CITY, March 23.—Hogs—Receipts. 1.200: including no directs. Fainy active, strong to mostly 10 cents higher than yesterday s average; top, $4.10 on choice 180-240 lbs. Lignt lignts, 140-160 lbs., $3,254(4; light weights, 160-200 lbs., $3.754i 4.10; medium weights, 200-250 lbs., $3.95<4.10; heavy weights, 250-3.50 lbs., $3804(4.05; packing sows, $3.15443.50. Cattle —Receipts. 700; calves, 200; mostly a cleanup trade on killing classes; market little cnanged; stockers and feeders steady, two loads good 487 To., stock steer calves. $5.25; steers, good and choice. 550-1,500 lbs.. $4.85 ft 7.15; steers, common and medium. $3.7595.50; heifers, good and choice, 550-900 lbs. *4.754( 6.35: cows, $2,504/4; vealers $44)6.50: stockers and feeders, *4.25 5 5.75. Sh£ep—Receipts. 1.500; including 400 direct and through. Lambs strong to 15 cents higher; odd lots sheep steady; no spring lambs offered; choice. 95 ib., fed lambs to shippers, *9. Fire Reports Thursday 6:15 a. m., 426 Limestone, residence, small loss. 7:57 a. m.. 2122 Park, residence, small loss. 9:03 a. m., 344 North California, residence. small loss. 9:27 a. m., 112 West Ohio, barber shop, no loss. 3:01 p. m., 2241 North Talbot, residence, smaii loss. 4;10 p. m.. 627 Rlanoke. residence, no loss 4:51 p. m.. 711 Cottage, .residence, no loss. 5:29 p. m., 517 King, residence, small loss. 6 28 p. m.. 434 Arnolds, residence, small loss. 6:31 p. m„ 902 Elm. residence, no loss. 6:39 p. m , 600 Parker, false alarm. 7:52 p. m.. 811 West Eleventh, residence. small loss. Friday 4:54 a. m„ St. Clair and Broadway, false alarm.

THE INDIANAPOLIS TIMES

Lamb Prices Unchanged at $9 Down; Chicago Hog Market Scarce. First advance of the week was registered in porker prices at the loi-al stock yards tyesterday. Initial sales on practically all grades were around 20 cents higher than Thursday’s average, or steady with Monday’s average. General bulk of all weights sold at $4.35 to $4.60, while several good and choice butcher classes brought $4.65 to $4.70. Lighter kinds, scaling from 130 to 160 pounds, were salable at $3.50 to $4. Small slaughter pigs, weighing 100 to 130 pounds, were selling at $2.25 to $3.25. Receipts were estimated at 4,CCO. Holdovers, 366. Slaughter steers remained unchanged in the cattle market, with most grades inactive. A week-end cleanup trade was in evidence. Nothing was on hand to command top prices. Receipts numbered 300 Vealers continued steady with good and choice kinds selling at $7.50 to SB. Receipts were 600. Lamb values were stationary with the previous session, while part load of fall clippers held salable at $8.50. Other grades, mostly in small lots, sold under $9. Receipts were 200. Porker prices at Chicago remained fully steady with Thursday’s average at $4.45 down. Only slight action was displayed during the early trading. Receipts were estimated at 17,000, including 8,000 directs; holdovers, 4,000. Cattle receipts numbered 1,500; calves, 1,000; market, unchanged. Sheep receipts were 10,000; market, steady. March Bulk. Top. Receipts. 17. $4.30® 4.55 $4.60 2,000 19. 4.40®t 4.65 4.75 4.000 20. 4.35® 4.60 4.65 7.000 21. 4.20® 4.45 4.45 6.000 22. 4.15® 4.40 4.50 5.000 23. 4.35@ 4.60 4.70 4,000 Market, higher. (140-160) Good and choice $ 3.75® 4.00 —Light Weights—-(l6o-180) Good and choice 4.35® 4.45 (180-200) Good and choice ... 4.55 —Medium Weights—-(2oo-220) Good and choice ... 4.60® 4.70 (220-250) Good and choice ... 4.60® 4.70 —Heavy Weights—-(2so-290) Good and choice.... 4.60® 4.70 (290-350) Good and choice ... 4.45® 4.61 —Packing Sows—(3so down) Good 3.50® 3.75 (250 upi Good 3.25® 3.50 (All weights) Medium 3.00® 3.50 —Slaughter Pigs) (100-130 Good and choice ... 2.25® 3.25 CATTLE Receipts, 300; market, steady. (1.050-1,100) — Good and choice $6.25® 7.25 Common and medium 4.25® 6.25 (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® 3.25 Low cutter and medium ... 1.50® 2.75 —Bulls (yearlings excluded! Good (beef steersi 2.75® 3.50 Cutter, common and medium .. 1.50® 2.75 VEALERS Receipts, 600; market, steady. Good and choice s7.uo@ 8.00 Medium 4.50® 7.00 Cull and common * 3.00® 4.50 —Calves — (250-500) 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, 200; market, steady. (90 lb. down) Good & choice SB. io® 9.25 (90-110 lbs.) Good and choice 8.50® 9.00 (50 lbs. down) Com and med.. [email protected] —Ewes — Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 Other Livestock By United Press CHICAGO, March 23.—Hogs—Receipts, 17,000, including 8,000 directs; active, 5 @loc higher than yesterday; 170-325 lbs., [email protected]; top, $4.55; pigs. $2.50®4.25; packing sows. 53.40® 3.60; light lights. 140160 lbs., good and choice, $3.50®4.35; light weight 160-200 lbs., good and choice, $4®4.50; medium weights, 200-250 lbs., good and choice, $4.40®4.55; heavy weights 250-350 lbs., good and choice, $4.15®4.50; packing sows, 275-550 lbs., medium and choice, 53.254(3.75; slaughter pigs, 100130 lbs., good and choice, $2.50® 3.a0. Cattle —Receipts, 1,500; calves, receipts, 1,000; fed steers and yearlings slow; mostly steady; others fully steady; coves, strong; bulk steers selling at $5.50® 6; best yearlings, $6.75; practical top vealers, $7.50, but few select $7.75® 8; slaughter cattle and vealers: steers 550-900 lbs., good and choice, s6® 7.75; 900-1,100 lbs., good and choice, s6® 7.75; 1,100-1,300 lbs., good and choice, $64(7.65; 1,300-1,500 lbs., good and choice, $5.25® 7.50; 550-1.300 lbs., common and medium, $3.75®6; heifers 550-750 lbs., good and choice, $4,754( 6.25; common and medium, $3.50® 4.75; cows, good, $3.25® 4.25; common and medium, $2,654/3.25; low cutter and cutter, $1.50®2.65; bulls, yearlings excluded, good beef, $3.25®3.75; cutter, common and medium, $2,504(3.40; vealers. good and choice, $5,504(7.75; medium. $4.50®5.50; cull and common, $3.50 ®4.50; stocker and feeder cattle; steers, 550-1,050 lbs., good and choice, $4.50® 5.75; common and medium. $3.25®4.75. Sheep—Receipts, 10,000; fat Jambs in rather active demand; undertone strong to 25c higher: better grade, $9.25®9.35; most early bids, 59®.9.10; sheep steady; slaughter sheep and lambs: lambs. 90 lbs. down, good and choice. $8.75®9.35; common and medium. s7® 8.75; 90-98 lbs., good and choice, $847 9.25; ewes, 90-150 lbs., good and choice. $4®5.75; all weights, common and medium. [email protected]. CLEVELAND. March 23.—Cattle—Receipts. 100: market steady today and prices unchanged for the week; choice steers, 7501100 lbs., $6.50® 7; 650-950 lbs., $5.50® 6.50: 900-1.200 lbs.. $5.25®6.25; heifers. 600-850 lbs.. $4.50® 5.50; good cows all weights. $2.75® 3.50. Cams Receipts, 200; market steady with stronger undertone and a few prime veals bringing $8; unchanged for week; prime vealers, s7®B; choice vealers. s6®7; medium. ss@6; common, s3® 5. Sheep and Lambs—Receipts, 700; steady today and 25c lower for the week on lambs, sheep unchanged; good to choice wool lambs. $9®9.50; medium to good. $7.50®8.50; culls and cuts, ss@7: choice clipped lambs $7®.7.75; medium to good, s6®7; prime wether sheep. ss®6; choice ewes, s4®s; medium to good. s3®4. Hoes-—Receipts. 750: market steady today; prices down 25c for the week; 250-300 lbs., $4.35®4.50; 220-250 lbs., $4,504/4 60; 180220 lbs.. $4.60; 150-180 lbs., 54.60; pigs. 100-140 lbs . $3; roughs, $2.75; stags, $1.75. LAFAYETTE. March 23.—Hogs—Market, 15® 20c higher; 200-325 lbs.. $4.30®4.45: 170-200 lbs.. $4.25® 4.35; 150-170 lbs.. $3.75 4( 4: 130-150 $2.75® 3; 100-120 lbs., 52® 2.50: roughs, $3.75 down. Top calves—s6.so. Top lambs —sß. FT. WAYNE. March 23.—Hogs. 15 cAItS higher: 250-300 lbs.. $4.55: 200-250 lbs.. $4.45; 180-200 lbs.. $4 30: 160-180 lbs.. $4 20. 300-500 lbs , $4.05: 150-160 lbs.. $3.65; 140150 lbs. $3 40; 130-140 lbs.. 53.15: 120-130 lbs.. $2.65; 100-120 lbs.. $2.15; roughs. $3.25; stags. $2 Calves. $7.50: lambs. $8.75®9. PITTSBURGH. March 23—Hogs. Receipts 800: holdovers. 450; f/wd demand; steady to unevenly higher; top, $5: 160-230 lbs.. 34.85® 5; 230 lbs., up. quotable, $4.65® 4.85; one deck. 240 lbs . averages, $4.75; 130-145 lbs., quotable. $3.50® 3.75; 100-120 lbs.. s3®3 25: sows. $3,254/3.75. Cattle— Receipts. 10; nominal. Calves—Receipts. 100; steady: good and choice vealew. s7® 7.50; medium. $5.50® 6.50. Sheep—Receipts. 200: steady to weak; good and choice sorted wool lambs, quotable, $9.50® 9.75; common to medium, s6® 9; spring lambs, quoted up to $11.50: shorn lambs, $7.75 down; choice clipped wethers, eligible up to $5; fat wool ewes. $5®5.50. By Times .Special LOUISVILLE. March 23.—Cattle—Receipts. 100. salable supply very light; demand fairly broad; market fully steady; bulk common to medium steers and heifers. s4® 5: medium to good fed offerings. $5 25 to around $6 for best baby beef type yearlings; bulk beef cows. $2 50®3.25: practical top. $3.50: with best heifer types higher; low cutters and cutters. $1.25® 2.25; sausage bulls mostly. s3® 3 50: Stockers and feeders practically absent; common to medium grade natives quotable mostly, $2 75® 3.75. Calves. 200: fully steady; bulk better vealers. $5.50® 6.50; medium and lower grades. $5 down. Hogs. | —Receipts 600; market. 15c higher: 170240 lbs . $4.65; 245-370 lbs . $4.30; 275 lbs., up $3.95; 145-165 lbs.. $3.65: 120 a 140 lbs.. $2.30; sows. $2.30; sows. $2.70. Sheep Receipts 25 market steady; bulk medium to good lambs, $7.50 8.50; choice kinds quotable to $9 or beßer; light throwouts mostly $5.50. fat ewST $2,504*3.

SEVERAL ISSUES STRENGTHEN IN NARROW RANGE Total Sales Well Under Million-Share Mark; News Dull.

Average Stock Prices

Average of thirty industrials for Thursday: High 100.94, low. 98 87, close 100.54, up 1.21. Average of twenty rails: 47.74. 46.79, 47.69, up .75. Average of twenty utilities: 26.33, 25.68. 26.26. up .55. Average of forty bonds; 92.49, off .09. Average of ten first rails: 97.86. off .08. Average of ten second rails: 81.87, off .04. Average of ten utilities: 95.67, off .07. Average of ten industrials: 94.57, off .15. By United Press NEW YORK, March 24.—There was a dreary five-hour session on the stock market yesterday in which trading reached anew low for the present period of uncertainty and stock prices floundered in an irregular manner. The day’s total volume of trading was well under a million shares. There was no price trend. Alcohols had a little strength for a period and there was some relatively good buying in the lower priced stocks. But generally the market just drifted and even the excellent cigarette production figures for January and February—a new high for the combined months—failed to Install any Interest in the tobacco group where prices were mixed in fractional ranges. Commodity markets operated the same way. United States government bonds, however, became a little more active in late trading and pulled ahead after heaviness in early trading. Silver futures were slightly firmer in dull trading. On the Stock Exchange the industrial list was mixed. United Sattes Steel declined Y s , to 51. Chrysler was fractionally higher at 52 and General Motors was slightly easier at around 33%. In late trading the Aircraft stocks firmed up, although trading was not heavy, with Curtiss Wright A hitting anew 1934 high of 11%, for a % gain; Douglas advancing %, to 26%; United Aircraft gaining %, to 25, and Wright Aero jumping 3 points, to 63. Mining issues showed a little late strength, United States Smelting gaining fractionally to 120, and McIntyre Porcupine touching anew 1934 high at 4614, for a fractional gain. Rails were mixed with New York Central off %, at 35%, and Pennsylvania up %, at 33 %. Sales yesterday were the lightest for a five-hour session since Jan. 8, totaling 760,000 shares. There were 1,020,000 shares Thursday. Curb sales were 186,000 shares against 232,000 shares Thursday. Dow-Jones preliminary averages showed industrial, 99.80, off 0.74, railroad 47.50, off 0,10; utility 26.05, off 0.21.

Bank Clearings

INDIANAPOLIS STATEMENT! —March 23 Clearings $1,375,000.00 Debits 4,034,000.00 TREASURY STATEMENT By United Press WASHINGTON, March 23.—Government expenses and receipts of the current fiscal year to March 21, compared with the cirresponding period of the previous fiscal year: This year Last year Expenses $4,658,436,819.42 $3,693,368,244.81 Receipts. $2,248,501,444.06 $1,465,672,633.24 Deficit . $2,409,935,375.36 $2,227,695,611.57 Cash balance $4,882,727,990.14 New York Curb (By Abbott, Hoppln & Cos.) —March 23 Close.! Close. Alum Cos of Am 67%;Hiram Walker . 45% Am Beverage 2%iHud Bav Min.. 11% Am Cyanide B 18% Humble Oil . . 42% Am For HT RA RA Imperial Oil Ltd 13% Am&ForPwr War 2% Int Petrol . 22% Am Gas &El 25% Lake Shore Min 39% Am Superpower 3% Lone Star Gas 6% Ass. Gas & El.. IV, Natl Bellas Hess 3% Atlas Corp ... 12 1 /,!Newmont Min .. 46Vi Brazil Tract&Lt 11V, Nia Hud Pwr .. 6% Cities Serv 3 iNovadel Agene . 65% Consl Gs of Balt 60 Pan Am Airways 39% Cord Corp 6% Penn Road 3% Creole Petrol .. 11% St Regis Paper.. 3% Deere & Cos ... 28% Sherwin Wms... 62% Distillers Corp. 19 [Std of Ind .... 26% El Bond & Sh.. 17% Std of Kv . 15% Fisk Rubber .. 18 Technicolor Ind 8% Ford of Can A 22%lTeck Hughes Gold 6% Ford of Europe 7%iUn Gas 3 Gen Aviation .. 6% Un Pwr & Lt A 3% Glen Alden Coal 17%iWright Hrgvs Min 9Vi. Gulf Oil of Pa 66 I

U. S. Government Bonds

By United Press NEW YORK, March 23.—Closing Liberties. thirty-seconds) 3*/ 2 S (32-471 102 26 Ist 4'is (32-47) 103 8 4th 4%s (33-38) 103.9 TREASCRY 4'4s-Vis (45) 10 22 4Vis (47-521 109.27 3%s (43-47) 102 10 3%s (41-43i March 102 7 3%s (40-43) June 102.10 3 Vis (41) 101.26 3%S (46-49) 100.16 3s (51-551 98 31

Daily Price Index

By United Press NEW YORK, March 23.—Dun and Bradslreets daily weighted price index of tnirtv basic commodities compiled for the United Press: (1930-1932 average. 100) Today 108.20 Yesterday 108.59 Wee kago 109.30 Month ago 108.65 Year ago (March 24> 72 09 1934 High (March 12) 110 24 1934 Low (Jan. 301 101 05 (Copyright. 1934, bv Dun & Bradstreet Inc. 1

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —March 23 Bid. Ask. American Bank Stocks Corp . 1.15 1.18 American & General Sec A.. 5.00 7.00 American <fc Inv Tr Sh 1.50 Basic Industry Shares 3.40 3.48 British Tvpe Inv Tr Sh 50 .60 Collateral Trustee Shares A- 4.70 4.90 Corporate Trust Shares (old) 2.10 2.14 Corporate Trust Shares (new) 2.37 2.40 Cumulative Trust Shares ... 4.06 4.10 Diversified Trust Shares A . 6.25 Diversified Trust Shares B . 7.80 7.95 Diversified Trust Shares C ■ 3.15 3.20 Diversified Trust Shares D . 4.86 4.90 First Insurance Stock Corp... 1.30 134 First Common Stock Corp 82 .85 Fixed Trust Oil Snares A ... 8.62 9.00 Fixed Trust Oil Shares B ... 7.37 7.62 Incorporators Investments... 18.12 18.50 Land Bank Bond Shares ... 1.08 1.20 Low Priced Trust Shares ... 6.12 6.72 Mass Inv Trust Shares .... 18.17 20.40 Nation W r ide Securities . 340 3.45 North Am Trust Shares (53) 1.87 North Am Trust Sh (55-56) 2.39 2.43 North Am Trust Shares iSB 2.44 2.50 Selected American Shares 1.25 1.30 Selected American Sh Inc ... 2.75 Selected Cumulative Shares.. 6.75 Selected Income Shares ... 3.60 4.00 Std American Trust Sh A ... 2.90 298 Trust Shares of America 2.84 2.88 Trustee Std On A 5 50 5.77 Trustee Std Oil B 5.12 5.37 U S Elec Lt & Pwr A 12 25 12.t2 Universal Trust Shares 3.04 3.1) NEW YORK RAW SUGAR FUTURES —March 23High. Low. Close January 1.70 1 65 1.68 March 1.75 1.70 1.71 May 1.51 1.46 1.46 July 1.58 1.53 1.58 September .. 1.63 158 1.63 December 1-88 1.64 1.68

—New York Stocks — ~~————-———— |b v Abbott. Hoppln & Co.i

—March 23 Prev. Oils— High. Low Close, close. Amerada 49% 49% 49% 48% Atl Rfg 30% 30 30% 30% Barnsdall 8% 8% 8% 8% Consol Oil 12% 12 12% 12% Cont of Del 19% 18% 19% 18% Houston (new) .. ... 4% ... Houston toldi . ■ . 23% ... Mid Cont Pet .. 12% 12% 12% 12% Ohio Oil 13‘b 12% 13 13% Pet Corp 12% 12% 12% 12% Phillips Pet 18% 17% 18 18 Plymouth Oil .. 14% 14% 14% 14% Pure Oil 12% 12% 12% 12% Royal Dutch . • 36 % 36% Sbd Oil 34% 33 33 33% Shell Un 10 9% 9% 9% Skelley Oil 10% 10 10 10% Soc Vac 16% 16 16% 16% SO of Cal 36% 36% 36% 36% SOOf N J 45% 44% 45% 45% Sun Oil 60% 60 60% . , Texas Corp • 25% 25% 25% 25% Tidewater Assn. 11% 11% 11% 11% Un Oil of Cal.. 16% 16% 16% 16% Steels— Am Roll Mills... 23% 22% 22% 23% Beth Steel 41% 40)2 40% 41 Byers AM 26 26% Col Fuel & Iron 6% Cruc Steel Inland Steel 43 42% Ludlum Steel 16 16% McKeesport Tin 86 Mid Steel 18 Natl Steel •• • •■ ■ , 46% Otis Steel 6% 6% 6% 6% Rep Iron & St. 21% 20% 21 21% Rep I& S pfd 58% 57% 57V* 58 U S Pipe & Fdy 27), 26% 27 27% !U S Steel 51% 50% 51 51% U S Steel pfd 91. 91% Warren Bros . 11 10% 10% 11 Youngstn S& T 27% 26% 26% 27 Motors— Auburn 53% 52% 52% 53 Chrysler 52 51 51% 51% Gen Motors ... . 37% 36% 36% 37% Gen Motors pfd 98 7/ s Graham Mot ... 3% 3% Hudson 20 19% 19% 19% Hupp 5% 5% 5% 5% Mack Truck • . • 32% Nash 25% 25% 25% 26% Packard 5% 5% 5% 5% Reo 4% 4% 4% 4% ! Studebaker .... 7% 7% 7% 7% [Yellow Truck .... ... ... 6 Motor Access— Bendix . 18% 18% 18% 18’* Bohn Alum 58 58 Borg Warner ... 25% 25 25 25% Briggs 15% 15% 15% 15% Buad Wheel .■ ■ 4 4 Eaton Mfg 19% 19% 19% 19% Elec Auto Lite.. 28% 27% 28% 28% Houdailie A . 5% 5% 5% 5% Mullins Mfg pfd .. 30% Murray Body .. 9% 9% 9% 9% Stew Warner .. 8% 8% 8% 9 Timen Roll .... 34 33% 33% 34% Timken Det Axel 6 5% 6 5% Mining— Alaska Jun .... 21 20% 20% 21 Am Metals 23% 23% 23% 23% Am Smelt 43 42% 42% 43 Anaconda 14% 14% 14% 14% Cal & Hecla ... 4% 4% 4% 5 Cerro De Pasco. 33 32% 32% 83% Dome Mines .... 39 38% 38% 88% Granby 10V 4 10% 10% 10 Gt Nor Ore 13% 13 Howe Sound .... 47% 46% 47% 47V, Ins Copper 4% 5 Int Nickel 27 26% 26% 27 Isl Creek Coal ... ... ... 25 Kennecott Cop .. 19% 18% 18% 18% Mclntyre Mine . 46*4 45% 45% 46 Noranda Cop ... 39% 38 39% 38% Park Utah 4% 4% 4% 4% Phelps Dodge ... 15% 15 15 15 St Joe Lead 21% 21% 21% 21% U S Smelters 120% 119% 11% 119% Vanadium 26% 26% 26% 26% Amusements— Crosley Radio 13% 13% Fox Thea 15 15% Loews Inc 31% 31% 31% 31% Radio Corp 7% 7% 7% 7% RKO ... 3% 3% Warner Bros ... 6% 6% 6% 6% Tobaccos— Am Snuff 55% Am Sum Tob 18 Am Ttfbacco “A” 66 66 Am Tobacco “B” 68% 67% 67% 68 Gen Cigars .. . 31% 31% Ligg 7 , Myers 'B' 88% 88 88 88% Lorillard . . 16% * 16% 16% 16% Reynolds Tob 'B' 41 40 % 40% 40% Rails— Atchison 65% 64% 64% 66 Atl Coast Lines. 47 46 B & o 28Vi 28 28'a 28% Can Pac 17% 16% 16% 17% Ch & Ohio 44% 43% 44% 44 Chi & Gt W 4Vi 4% Chi & Gt W pfd . . 10% .. C M & St P 6% 6% 6% 6% C M & St P pfd 10% 10% 10% 10% Chi N W 13 12% 13 13 Chi N W pfd . . . . 23% 23% Dela & Hud 63 62 63 Del Lac & W ... 28 27% 27% 28 Erie 21% 20% 20% 20% Erie pfd . 25 24% Grt Northern pfd 28 % 27 % 27% 28 1 a 111 Central ... 31% 31% 31% 31% Lehigh Valley 17% Lou & Nash ... 55 55% M K & T ... 11 11% M K & T pfd.... 26)4 26 26 26% Mo Pac pfd 7% 7% 7% 7% N Y Cent 36% 35% 35% 36 s , N Y Chi & St L 22 21% 22 22 N Y Chi&StL pfd 29% 29 29% 29% N Y New Haven 18% 18% 18% 18% Nor Pac 32 31% 31% 31% Penn R R 33% 33% 33% 33% Reading . 51 Sou Pac 27% 26% 27 27 Sou R R 32% 31% 32 32% Sou R R pfd 36% 36 36 36V* Cnion Pac 125% 125 125% 125 Wabash 3% 3% 3% . V/est Maryland. .. ... 15 15 Equipments— Allis Chalmers . 19 18% 18% 19% Am Brake Shoe 32 31% 32 31% Am Car & Fdy . 27% 27% Am Loco .... 33 32 Vs 32% 33 Am Loco Pfd . .. ... ... 65 Am Mach & Fdy . . 16% Am Steel Fdv ... 20% 20% 20% 20% Bald Loco 13% 13% 13 % 13% Bald Loco pfd.. .. 50 50 Burroughs 15% 15% Case J I 71% 70% 70% 71 Cater Tract ... 29% 28% 28% 29 Deere & Cos 29% 28% 28% 29 Elec Stor Bat 47 46 Foster Wheeler - • 18% 18% Gen Am Tk Car 38% 38% 38% 38% Gen Elec 21% 21% 21% 22 Gen R R Sig... 41% 41 % 41% 41% Ingsol Rand . ■ 6% Int Bus Mach.. 133)4 132% 132% Int Harvester .. 41 40% 41 41% Natl Cash Reg.. 19% 19% 19% 19% Pullman Inc ... 54% 54 54 54% Rem Rand 12% 12)4 12% 12% Und Elliot 42% 41 41 44 West Air B 30% 30% Westingh Elec . 37% 37 37% 37% Worthingtn Pmp 25Vs 25 25% 26 Utilities— Am & For Pwr. 10% 10)4 10% 10% Am Pwr & Lit.. 9% 9% 9% 9% AT&T 118*4 118 118% 118% Am Wat Wks .. 21% 20% 21 20% Brook Un Gas . . - 71 Col Gas & Elec. 16% 15% 15% 15% Col G & E pfd.. 75 74 74 Com Sou 2% 2% 2% 2% Consol Gas • 39% 38% 38% 39% Elec Pwr % Lit. 7% 7% 7% 7% EP & L pfd . 14% 14% 14% 14% Int Hydro Elec. 7% 7% 7% 7% Int T'& T . 14% 14% 14% 14% Lou G & E “A” 18% 18 18 Nat Pwr & Lit.. . 12 12 North Amer .... 20 19 19 19% Pac G& E 19% 19)4 19% 19% Peoples Gas . 39 39 Postal Tel pfd.. 22% 22% 22% 22% Pub Serv N J... 39 38% 3814 39 So Cal Edison... 18% 18% 18)4 18% Std Gas 13 13 Std Gas pfd . 12% 12% Stone & Webster 10% 9% 10% 10% United Corp ... 6% 6% 6% 6% Un Gas Imp .•• 17 16% 16:4 16% Ut Pwr & Lit A 4% 3% 4 4 Western Union . 54% 54% 54 7 /s 54%

Chicago Stocks Bv Abbott Bonnie A I'"

TOTAL SALES, 18.000 SHARES High. Low. Close. —March 23Abbot Lab 39 38% 39% Am Pub Serv pfd ... 6% Asbestos Mfg —3% Bastian Blessing .. 7 Bendix Aviation ...... 18% IBV2 18% Borg Warner 25% 25 25 Brach & Sons 11 E L Bruce Cos 14% 14% 14% Butler Bros IOVs 10 10 Cent 111 Pub Serv pfd.. 18 17 18 Cent Ind Pow r er pfd .... . 13 Cent &So Wes* pfd .. 5% 5 5% Chi & North Western . 13 12% 12% Chicago Corp com . 2% 2% 2% Chicago Flexible Shaft 10 Chi No Sh & Mil R R . . . • 48 Cities Service 32% 3 Club Aluminum • % Commonwealth Edison 54% 54 54 Consumers .. % Continental Steel 6% 6% 6% Crane Cos • • • 8% Crane Cos pfd . • 59 Eddy Paper 7 6% 6% Gen Household Ut 13% 12Vi 13 General Candy Corp.... 7% 7% 7V Goldblatt Bros • ■ 16% Great Lakes Aircraft... 18% 18)4 18% Illinois Brick 5% 5 5 Iron Fireman ... 11% Katz Drug 33 Kv Ut Jr Cum pfd • • 18 Lihbv-McNeil 5% 5 5 Marshall Field 18% 18 18 McGraw Electric 8)2 8 8% Mickelberry’s Fd Prod. .. ... 2% Middle West Utilities % % % Muskegon Mot Spec A’ 10% Noblitt-Sparks Ind. Inc 14% Northwest Bancorp 4% Oshkosh Overall .. 4% Potter Cos 6% 6 6% Prima Cos —9% Public Service. N P 18% Public Serv 7% pfd 65 Quaker Oats l’i Quaker Oats, pfd 123 121 123 Reliance Mfg Cos .. 18 Sutherland Paper C 0... 8 7% 8 Swift & Cos 16% 15% 16 Swift International .... 27% 27% 27% Utah Radio , 1% Utility & Ind pfd .: 4 Vortex Cup Cos •• 10% Vortex Cup Cos A 26% 25% 25% Walgreen Cos com 24 NEW YORK COFFEE FUTURES —March 23 SANTOS High. Low. Close. May 10 50 10.45 10.45 July 10.69 10.62 10.65 September 11.00 10.92 10 96 December 11.13 11.01 11.07 RIO I January - 8.48 1 March 8 30 8 02 8.02 i May 8.23 8.00 8.08 July 8.26 8.23 8.23 I September 8.39 8.33 8.33 December 8.43

Rubbers— Firestone 20% 20% 20% 20% Goodrich 15% 15% 15% 16 Goodyear 33% 35 35 35\ Kelly Spring ... 3% 3’, 3% 3% U S Rubber .... 19% 19 19 19% U S Rubber pfd 44% 43 s , 43% 43% Miscellaneous— Am Bank Note. 18 s , 18% 18% 18% Am Can 98% 97% 98% 98% Anchor Cap .. 20 Brklyn Man Tr 30 s i 30 30% 30% Conti Can 76% 76 76% 76% Crown Cork 30 30 Curtis Pub 22%

‘Hi, Pop!’ o a Pretty Blond, Bound for Movie Fame, Is Head of Her Family.

; , g . • : \ s aTs?^ jir r . i 1

Lu Anne Meredith

This is the fourth of a series of six stories on the younger Hollywood film actresses who are regarded by Dan Thomas. Hollywood correspondent for NEA Service and The Times as the,"Six Best Bets” to rise to stardom.

BY DAN THOMAS Times Staff Writer Hollywood, March 24. “Hi pop!” Once a year, on Father’s day, that’s the greeting accorded 20-year-old Lu Anne Meredith, certain to be named one of the Wampas Baby Stars for 1934. Her father having left them several years ago, Lu Anne has taken it upon herself to support her mother, brother and two sisters. Hence the greeting given to her every Father's day along with a little gift as an acknoidgment that she is the head of the family. That probably accounts for Miss Meredith's worldly manner. Since she was 17 she has shouldered all responsibilities of her family. It’s been a tough job at times, because the world isn't easy on young girls, even though they have big blue eyes and beautiful blond hair. But she never quits smiling and battling. a a a “T'D like to get a real break, A just to see how* it would seem to smile out of the other side of my mouth,’ she laughs. Lu Anne's experience to date has been largely on the stage, where she got her start at the age of 13 w*ith the Fannie Brice Revue in Los Angeles. After that she went on the road with a Fanchon and Marco prologue unit, following that with an extended appearance at Warner Brothers theater here. , The young actress’ first big break came when she went to Broadway to appear in “Fifty Million Frenchmen.” There she was given a chance and proved her ability as an actress. Betty Compton, now Mrs. Jimmy Walker, w*ho was playing one of the leading roles, suddenly was taken ill. On three hours’ notice, Lu Anne w*as shoved into her part and carried it off w*ith flying colors. a a a HER next step was into “New Yorkers” and following that she went into the Ziegfeld Follies, making such a hit that she w*as cast in a later Ziegfeld show, “Hot Cha.” “Just before the holidays, I decided that I simply had to come out here and spend a few w*eeks with my family,” Lu Anne says. “And w'hen I got here I didn’t want to go back to New York again. “I heard that Harold Lloyd warned some dancers and singers for a night club sequence in ‘Cat’s Paw,’ so I applied for a job.” e tt a IT was her work in “Cat’s Paw” which brought about Lu Anne's nomination for Wampas Baby Star honors. She was so outstanding that Mr. Lloyd added considerable to her part. And he predicts that she will do some very good things on the screen. Next: Helen Cohan, who hopes to make the name of Cohan as famous on the screen as it is on the stage.

The History of Gold What does a 50-cent dollar mean to you? Why 99.06 cents instead of 60 cents? Are we on the gold standard? Do we have the “commodity dollar.” Has the dollar ever been revalued before? How many times? At .vhat figure? What is a “gold bullion standard?” What effect have changes in the gold content of the dollar had in past history of the United States? What has been the relationship of silver money to gold in United States history? How many times has congress legislated on gold and silver money? These and hundreds of other questions on the history of gold and silver as money in the United States are answered in our Washington bureau’s new bulletin. HISTORY OF GOLD AND SILVER MONEY, just off the press. You will want this bulletin as a handy permanent reference source if you w*ish to understand the present devaluation action of the President and its relationship to our gold and silver money of years past. Fill out the coupon below and send for it: Clip Coupon Here Dept. SPGS, Washington Bureau, THE INDIANAPOLIS TIMES, 1322 New York avenue, Washington, D. C. I want a copy of the bulletin, HISTORY OF GOLD AND SILVER MONEY, and enclose herewith 5 cents in coin (carefully wrapped!, to cover return postage and handling costs: Name Street and No City State I am a reader of The Indianapolis Times.

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Bright Spots

By Abbott, Hoppin & Cos. Borden & Company and subsidiaries in 1933 earned $1.05 a share on the common stock against $1.71 a share in 1932. Continental Oil company and subsidiaries in 1933 had a net profit equivalent to 40 cents a common share after charges against a net loss of $1,444,-133 in 1932. Alaska Juneau Mining Company declares an extra dividend of 15 cents a share -hiaddition to the regular quarterly dividend of 15 cents on the common. Reading Railroad Company declared the regular quarterly dividend of 25 cents a common share. l\ S. Smelting and Refining Company in 1933 earned S6.HK a common share a/tcr payment of charges and preferred dividends against 63 rents a share in 1932. An extra dividend of SI per share in addition to the regular quarterly dividend of 33 cents a share has been declared; three months ago an extra dividend of $3.50 was paid. National Dairy Products Company in 1933 earned sl.Ol a common share against SI.BB in 1932. Pullman Car Company declares the regular quarterly dividend of 75 cents a share on the common stock. Illinois Central Railroad January net loss was 8457,456 after charges against $751,558 in January, 1933. Sweets Company of America in 1933 had a net loss of $86,522 after charges against $129,110 in 1932. Austin Nichols Company declares a quarterly dividend of $1 per share on the prior “A” stock. DOUG-MARY RIFT OVER, HORSE BET SUGGESTS Sentimental Reasons Prompt Wager, Actor Says. By United Bring AINTREE, England, March 24. Many indications of a reconciliation between Douglas Fairbanks and Mary Pickford were supported by the motion picture actor yesterday when he bet on Lone Eagle II in the Grand National steeplechase. Fairbanks today said he had backed Lone Eagle in the race for ten pounds (about ssl j “for sentimental reasons.” ‘‘That was because Mary once gave me a horse by that name,, he said. Lone Eagle failed to finish. Plumbing Permits Kirkhoff & Woleflng, 50 N. Capitol. 2 fixtures. Ray Blauvelt, 42nd and College, 1 fixture. Roy McQueen. 2008 N. Keystone. 4 fixtures. C. A. Johnson. 2017 Sherbrook. 3 fixtures. Don Carlisle, 2146 Madison. 2 fixtures. Geo. Rickes, 10th and Arlington. 1 fixture. Indianapolis Plumbing Cos.. 2310 Harlan. 3 fixtures.