Indianapolis Times, Volume 45, Number 280, Indianapolis, Marion County, 3 April 1934 — Page 15

APRIL 3, 1934.

Wall Street General Electric Decides to Share Net Profits With Workers.

BY RALPH HENDERSHOI Ttmri Sprdil Financial Writer IN deciding to share its profits with its workers the General Electric Company has taken and important step in anew direction. It has recognized the right of labor to more than a mere wage and in doing so has raised labor to a plane almost equal to that of capital. Historians no doubt will record the act

as more in keeping with the spirit of the new deal than anytaken thus far by any of the large corporations. It has been generally conceded that those who invest money in common stocks or equities are entitled to more of the fruits of good times than those who invest in corporate bonds and hold

Ralph Ilendershot

liens against our corporations. This would seem entirely fair, since the stockholders are obliged to accept small rations in times of depression. The worker would appear to be on a plane quite similar to that of the stockholder, for he has no assurance of employment or a steady wage. He, too, must take “pot luck.” In the past recognition has been given in many instances to executives of corporations who take good care of their charges. Large bonuses have been paid such executives. In fact, many people regard some of the bonuses paid as being entirely out of proportion to the services rendered. The tendency of such a policy is for executives to pay workers as little as possible so that capital may earn more and so that they may receive larger rewards. a a a Company Has Shown Wisdom THAT labor should revolt under such a system and seek through collective bargaining and force to collect a larger portion of the revenue they help to produce is not surprising. The surprise, in fact, is that they have not made greater demands. The General Electric Company is to be complimented not so much because of its liberality toward its workers but rather because of its wisdom in recognizing the beginning of a labor revolt against the old order far in advance of its neighbors and in attempting to compromise on a situation it might find difficult to overcome at some later date. One of the serious weaknesses in corporate management as it has existed in recent years is that management has given neither capital nor labor a square deal. It has operated the corporations as if they were their own personal property and has taken as much of the proceeds from their operations as they eould get away with. It is that fact rather than any serious fault in the capitalistic system which has led to the disproportion in the spread of wealth. n an No Strain Placed on Company WHILE the precedent it has set is of the highest importance, it can not be said that General Electric strained itself in its bid for peace with its workers. After all charges, expenses, taxes, etc., have been paid and after common stockholders have been apportioned 8 per cent on the book value of their holdings, workers may then receive up to 12*2 per cent of the balance in the form of a bonus. It would seem that the workers might well share equally with stockholders in any dividends, which are paid in excess of 8 per cent of book value. In that way depreciation and reserves would be properly taken care of, and an incentive would be provided for workers to remain with the company for a longer period.

Produce Markets

Delivered in Indianapolis Prices —Hens, lie. 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 13c each full case must weigh 55 lbs. gross: a deduction of 10c a pound for each pound under 55 lbs will be made. Butter—No. 1. 25® 26c. No. 2. 23 u 24c; butterfat, 21c.— Quoted by Wadley. Rv United Press CLEVELAND, April 3—Butter—Market. Steady: extra. 27c; standards. 27c. Eggs— Market, steady; extra white, 15%c; current receipts. 15c. Poultry—Market, barely i steady, colored fowl medium. 17',il8c; Leghorn fowl. 14c: springers smooth. 17® 18c: fancy colored broilers. 27®30e: stags. 12® | 13e; ducks voung. 5 lbs. and up. 18c. old roosters, slo. Potatoes—Maine, mostly around $2 25. some higher; Idaho mostly $2 10® 2 15. Ohio and New York, mostly $1 Ssw 1 90. NEW YORK April 3 —Potatoes—Easier; Loni Island. sllo®2 25 barrel: southern. $2.25® 5 barrel; Maine. $1.25® 3 80 barrel; Idaho. s2® 2.25 sack; Bermuda, $3.50® 7 barrel; Canada. $175 /2.10 barrel Sweet potatoes Steady: Jersey basket. 50c® SI 85. Flour —Quiet, springs: patents. $6.30®6 55 sack Pork—Steadv; mess, $20.25 barrel. Lard—Easier; middle west spot. $4 70 /4.80 per 100 pounds. Dressed poultry—Dull: turkeys. 18',/25'Yc: chickens. 9 ;27r: broilers. i42Bc: capons. 20'-/32c; fowls. 13® 18c Long Island ducks. 14%® 15c. Live poultry Dull and nominal. Cheese—W’eak; state whole milk, fancy to specials. 18® 19c: Young America. 14%®15c. ButterReceipts. 17.074 packages, market firmer: creamerv. higher than extras. 24,/24%c: extra. 92 score. 23%. first. 90 to 91 score. 23%®23%c: first. 89 score. 23c; centralized, 90 score 23% /23%c: centralized. 89 score 23c. Eggs—Receipts. 39.163 cases: market irregular: special packs, including unusual hennerv selections. 18 ,120 c; standards. 17%c; firsts. 16%c; seconds, 15 1 ;®15%: mediums. 15%'./ 15%c: dirties. 15® 15%c checks. 14%®15c; storage packs. 17%®17%c. NEW YORK RAW SUGAR FUTURES —April 2 ■ High. Low. Close. January 1 69 March 1.74 1 72 1.72 Mav 1 54 1.53 1.54 Julv . 161 158 1.59 September 1 65 1 63 1 63 December 1 70 1.68 1.68 FORMER STATE BANK OFFICIAL SENTENCED Clay City Woman to Ask Suspension of Penalty, By United Press TERRE HAUTE, Ind . April 3.—Under sentence of a year and a day in the federal women's prison at Alderson. W. Va.. Mrs. Mae K. Brinton, former assistant cashier of the First National bank of Clay City, today planned to ask for a suspension of the penalty. Mrs. Brinton was sentenced by Judge Robert C. Baltzell in federal district court here late yesterday on charge of embezzlement. She pleaded guilty at Indianapolis March 21 to theft of $21,617 over a period of ten and twelve years.

STOCK MOTOR. UTILITY ISSUES DISPLAY STRONGJREND Traders Ignore Optimistic Business Statements From Leaders. Average Stock Prices Average of thirty industrials for Monday: high 192 82 low 101.47. close 101 36. up .11 Average of twenty rails: 48 32 47.92. 48 11 up 19. Average of twentv utilities: 26.34 25 85. 25.96. off 06 Average of forty bond‘ 92 67, up 05. Average of ten industrials: 95 06. up .11. Average of ten utilities: 96.14. up .04. BY ELMER C. WALZER United Press Financial Editor NEW YORK, April 3.—Prices continue to move in a narrow range at the opening on the Stock Exchange today. A few large blocks appeared, but most of the transactions were small. The first sale of Packard was a block of 4.000 shares at 5*4, up >4 point; Radio preferred 1,500 shares, 24*4, up % and equal to the 1934 high; Sehenley 1,000 shares at 36*4, up Vs; Speery Corporation 2.500 at 11 ’4 and later 3,000 shares at 11; Federal Light and Traction 1,600 shares at 10%, up % and later 2,500 shares at 11; General Motors 1,500 at 38%, up %. ' Monsanto Chemical made anew high for the year at 90, up 1%. Several wet issues made small gains. Steels were slightly lower with U. S. Steel at 52, off ’4. Oils were around th previous close. Motors and utilities firmed. Railroad issues made small gains. The whole market turned extrmely dull after the opening. Silver issues eased with silver metal. Steel common made up its initial loss. Federal Light and Traction continued active in the utilities division. Western Union eased after opening unchanged at 56%. Traders ignored optimistic statements of business leaders and were still influenced by the uncertainties of the stock market regulation bill.

Bank Clearings

INDIANAPOLIS STATEMENT —April 2 Clearings $1,937,000.00 Debits 4,288,000.00 TREASURY STATEMENT By United Press WASHINGTON. April 3.—Government expenses and receipts of the current fiscal year to March 31. compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $4,848,004,417.51 $3,777,067,909 16 Receipts $2,305,704,722.23 $1,522,239,493.50 Deficit $2,542,299,695.28 $2,254,828,415 66 Cash Bal. $4,817,870,615.36 New York Curb By Abbott, Hoppin & Cos. —April 2 • Close; , Close Allied Mills ... 8 , Gen Aviation .. 6% 41um Cos of Am 71 jGlen Aid Coal. 17% Am Cyan ‘B - . 19 UI Gulf Oil of Pa. 67% Am G & El ... 25 j Hiram Walker.. 44 Am Superpwr . 3% Hud Bay Min.. 12% Asso G&EI .. 1% Humble Oil .. 43% Atlas Corp 12%!Imper Oil Ltd.. 14% Axton Fis Tob. 64%; Hit/ Petrol .. 24% Brazil Tr & L 11% Lake Sho Min . 54 Can Ind A1 'A' 14 !Lone Star Gas 6 3 4 Can Marc 3 3 a Nat Bellas Hess 3 3 4 Carrier Corp .. 8 Newmont Min.. 50% Cities Serv 3 |Nia Hud Pwr .. 6% Comwlth Ed .. 55 Pan Am Airwvs 41 Cons G of Balt 60% Park Davis ... 24% Cord Corp 7%.Penn Road 3% Creole Petrol . 11'., St Reg Paper.. 3% Cr Cork Inti.. 7 3 4 ;sal Creek Prod. 6 Deer & Cos ... 29 Sherwin Wms . 61% Distil Lim 23% Std of Ind 26 3 4 Distil Corp ... 17% std of Kv . .. 16 Dow Chem .. 72% Technicolor Ind 9 El Bond & Sh. 16% Teck Hug Gold. 7% Fisk Rubber .. 17% Un Gas 3 Ford of C ‘A'. 22 3 s Un Pr &Lt ‘A’ 3% Ford of Eur .. 7 !Wr Harg Min 10% Daily Price Index By United Press NEW YORK. April 2.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press 11930-1932 average. 100> • Today 107.46 Thursday 107 47 Week ago 107.98 Month ago 109.33 Year ago (April 3) 72 17 1934 high (March 12) 110 24 1934 low (Jan. 31 101.05 (Copyright. 1934, -Dun Bradstreet, Inc.l

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —April 2 , , Bid. Ask. Amer Bank Stocks Corp 1.14 118 Amer & Gen Sec A 5 00 7.00 Amer & Inv Tr Sh 1.50 Basic Industry Shares 3 45 British Type inv Tr Sh 50 .60 Collateral Trustee Shares (Al.. 4.80 4.90 Corporate Trust Shares (oldi . 2.12 2.16 Corporate Trust Shares tnew) 2.41 245 Cumulative Trust Shares 418 4.22 Diversified Trust Shares (A).. 6.22 Diversified Trust Sh iB > 8.00 8.12 Diversified Trust Sh (Ci 325 3.30 Diversified Trust Sh iD) ... 4,87 500 First Insurance Stock Corp... 130 1.35 First Common Stock Corp 83 .86 Fixed Trust Oil Shares iAI 8.65 8.80 Fixed Trust Oil Shares <8).... 7.40 7.55 Incorporators Investments 18.37 18.62 Land Bank Bond Shares 1.10 1.22 Low Priced Trust Shares 6.45 6 SO Mass Inv Trust Shares 18 95 20 59 Nation Wide Securities 347 3J>5 North Amer Trust Shs (53)... 1.89 . North Amer Tr Sh .55-56) 2 43 2.46 North Amer Tr Sh (58) 250 2.55 Selected Amer Shares 124 1.32 Selected Amer Sh Inc 270 .... Selected Cumulative Shares ... 6.85 Selected Income Shares 357 413 td Amer Trust Shares (A) 3.05 310 Trust Shares of America 288 2.94 Trustee Std Oil (A* 5.60 5.80 Trustee Std Oil (B> 5.15 5.40 U S Electric Lt &• Pwr (A).... 12.50 13.00 Universal Trust Shares 3.10 3.20 On Commission Row —April 3 Fruits Apples—New York Baldwins, fancy. $1 60 11 75 fancy Stavmans. $2 25: fancy Winesaps. S2 50. Oranges—California Sunkist. 53.25® 4: Flor:das. $3//3.25. Lemons—Sunkist. $5.50: Red Ball. $5. Grapefruit—Arizona seedless 80s. $2.75® ; 3: Florida. $3.25 Strawberries—Florida, pint. 16c: 36-pt. 1 crate. $5.40. Melons—Argentina Honevdews $2.75. j Pears—Calavos. $3.50 per box. Bananas—Per pound. 5 cents. Vegetables I Cabbage—New Texas. $1.25 per half- | crate: Florida red. $3.25 per hamper. | Celery—Florida. $2.50® 2.60 a crate: mammoth bunch 75e: medium bunch. 45c; hearts, dozen bunch. $1 35. Onions—lndiana veUow. 50-lb. bag. $1.35: red. $1.15; Idaho. Spanish. $1.35. Potatoes—Northern round white. 100-lb. bag. $2: Red R:ver Ohios. $2.20: Maine Green Mountain $2.50: Colorado McClures. $2 25: Idaho Russets. $2 25: Wyoming Tri- ; imphs. 50-lb. bag. $1.15: New Florida Triumphs S2 15. Sweet Potatoes—lndiana Jerseys, per (bushel. $2; Porto Ricans. $1.90. Asparagus—California select, crate $2.25 ! @3 25. Beans—Round, stringless. $3 50: lima. $3 B-ets—New Texas. 3 dozen crate. *2: bulk per bushel. $1.50. Carrots—California 6 dozen crate. $2.75bulk new. $1 40: bulk old. $1.75. Cauliflower—California. $2 35. Cucumbers—Hot house per dozen. $1.25. Lettuce—Hot house. 10-lb. basket. 65c: Iceberg best. $3453.50 a crate. Peas—2 B-lb. hamper. $2.25 Radishes—Hot house butUfns. 80c a. dozen: long white. 50c per dozen. Rhubarb—Hot house. 60c a bunch. Somach—New Texas. $1 per bushel. Tomatoes —Repacked. 10 - lb. carton, $1.25: selected, cellophane wrapped $1.50; original Florida. 20-lb. lug. $2.50.

LIST MOVES FORWARD IN NARROW LIMITS

New York Stocks tB? Abbott Hoppln & Cos.) “

—April 3 v Prev. Oil*— High. Low, 10 30. close. Amerada | Atl Rfg 30% 30 s Barnsdall • , 8* Consol Oil ••• 12% 12% Cont of Del 20 Houston (new) 4% 4% Houston (01di... ... •• 25 Mid Cont Pet 1* 13% Ohoi Oil }* Pet Corp Phillips Pet |... 19% 19% Plymouth Oil J 4% JL 4 Pure Oil ••• 12% 12 4 Sbd Oil 36% Shell Un 10 JO SKelley Oil •• }g% Soc Vac 16% 16’/ 16% 16% S O of Cal 37 S O of Kan 37 S O of N J 45% Texas Corp 2< * ±1 Tidewater Assn 11*2 }*,2 Un Oil of Cal 12% 12% Steels— Am Roll Mills . . 24% 24% Beth Steel 42% 42% 42% 42% Byers AM ... • • • 22 Col Fuel <fc Iron Inland Steel 43 43% McKeesport Tin 88% Mid Steel 18 Natl Steel 48 Otis Steel 6% 6% Rep Iron & Stl .. .•• 21% 22 Rep Ir &St pfd 58% 58 58% 58% U S Pipe & F 22 U S Steel 52 52% U S Steel pfd 90 Warren Bros .. .. 10% Youngstn S & T 28% Motors— Auburn ... ... 53% Chrysler 54% 54% 54% 54% Gen Motors 38% 38% Gen Motors pfd 99% Graham Mot 3% 3% Hudson 21% 21% Hupp ... 6 6 Mack Truck 33 33 Nash 22 Packard 5% 5% 5% 5% Reo .• 4% Studebaker 2% Yellow Truck .... ... 6Vs 6 Motor Accessories— Bendix ... 19% 19% Bohn Alum 61 Borg Warner .... . 26% 26 Briggs 17% 17 17 16% Budd Wheel 4 4 Eaton Mfg 20% Elec Auto Lite 28% Houdaille “A” .... 6% Mullins Mfg ..... ... ... 13% Mullins Mfg pfd 30 Murray Body 10% Stew Warner 9% 9% Timken Roll 35 35 Timken Det Ax 7 6% Mining— Alaska Jun ... 22% 22% Am Metals ... ... 24% Am Smelt 44% Anaconda 14% 14% 14% 15 Cal & Hecla .. . 5 5 Cerro De Pasco 36% 36 36% 35% Dome Mines ... 40% 40% 40% 40% Granby 11% Gt Nor Ore 14 Homestake Min. • . • 381 Howe Sound ... 50 49% 49% 50% Ins Copper ... 5 5% Int Nickel 28% 28 Int Silver 38 Kennecott Cop . .•■ 13% 19% Mclntyre Mine.. 49% 49% 49% 49% Noranda Cop ... 41% 41% Park Utah 5% 5% Phelps Dodge 17% 17% St Joe Lead 22% U S Smelters 127 128 Vanadium 26% Amusements— Crosley Radio ... 14% Fox Hhea . 15% Loews Inc - ... 32% 32% Radio Corp 7% 7% 7% 7% RKO 3% 3% Warner Brs 7% 7% Tobaccos— Am Sum Tob 19 Am Tob A 67 Am Tob B . 69% 69 Gen Cigars .. . 31% 31% 31% 32 Ligg & Myers B 88% Lorillard .. ... 17% 17% Reynolds Tob B' 40% Rails— Atchison 66% 66% Atl Coast Lines 47% B & O 29 28% Can Pac 17 17% Ch & Ohio 45 44% 44% 44% Chi & Gt W 4% Chi & Gt W pfd 11% C M & St P % 6% CM& St P pfd 10% v 10% 19% 10% Chi N W 13 13% Chi N W pfd 24 Del a & Hud 64 Del Lac & W 27% Erie 21% Erie pfd 25 Gt North pfd 27% 111 Central 31% K C Sou 15% Lehigh Val 18 Lou & Nash 57 57 MK&T - 11% M K & T pfd 27% Mo Pac . 5 5% Mo Pac pfd .. 7% 7% N Y Cent 35% 35% 35% 35% N Y C & St L 21% NYC & S L pfd 31% N Y New Hav 18% Norf & West 173 Nor Pac 32% Penn R R 34% Sou Pac 27% 28 Sou RR •• ... 31% 31% Sou R R pfd ... 36 Union Pac N ... 127% W Maryland 14% Equipments— Allis Chaim ... 18% Am Car & F 28 Am Loco 34 Am Loco pfd 67% Am Mach & F.. 14% 15% 15% 15% Am Steel Fdy ... .. . 21% Bald Loco . ... 14% 14% 14% 14% Bald Loco Pfd 53% 53% Burroughs 16 Case J I 71 % 71% Cater Tract 31% Deere &Cos 29% 29 Foster Wheeler 19 Gen Am Tank C . • . - 39'% Gen Elec 22% 22% 22% 22% Gen R R Sig 41% Int Harvester 41 41% Nall Cash Reg 19% Pullman Inc ... 54% 54 Rem Rand ... • 12% Und Elliot 44% ... West Air B .... .. ... . 30% Westingh Elec 38'% 38% Worthing'n Pmp 25% Utilities— Am & For Pwr 10 Am Power & Lit 8% 8% AT&T 119% Am Wat Wks . . - .. 20% 20% Col Gas & Elec 15% 15% 15% 15% Col G & E pfd 73 Com & Sou 2% 2% Consol Gas 87% 37% Elec Pwr & L!t 7% 7Vs E P & L pfd 13 Int Hydro Elec 7% Int T & T 15 14% Lou G&EA ... 17% Nat Pwr & Lit.. .. ... ... 11% North Amer 18% 18% Pac G & E 19% 19% 19% 19% Peonies Gas ... 37% 38 Post* Tel pfd 24 Pub Serv N J 37% So Cal Edison 19% 19 % Std Gas 12% Std Gas pfd 32% Stone & Webster 9% United Corp 6% 6% Un Gas Imp Ut Pr &• Lt -A' . . 3% West Union 56% 56 56% 56% Rubbers— Firestone 21 % Goodrich 16% 16% Goodyear 35% 35% Kelly Spring 3% 3% U S Rubber 19% 19% U S Rub pfd 44% 44% Miscellaneous— Am Bank Note . .. ... ... 17% Am Can 99% Brklvn Man Tr 29% Conti Can 77% 78 Crown Cork 30 29% Curtis Pub 22% . Curtis Pub pfd 68% East Kodak 88 Gillette 10% 10% Glidden ... 14% Inter Rap Tr 8% Owens Bottle 83% Ravbestos Mfg . 19% 19% 19% 19% Foods— Am Sugar 52% Armour A' ..% 6% 6% Beat Creamery 15 Borden Prod 22% 23% Cal Packing ... . 25 Can Drv G Ale 26% 26% 26% 26% Coca Cola 107% 107 107 107 Corn Prod 71% Crm of Wheat 32% Cub Am Sugar 7% 7%

Federal Farm Loan Bonds

(By Blyth &• Cos.. Inc.) —April 3 Bid. Ask. 4s NOV. 1. 1957—37 96% 98 4s Mav 1, 1958—38 96% 98 4%s Julv 1. 1956—36 97% 98% 4%s Jan. 1. 1957—37 97% 98% 4%s Mav 1. 1957—37 97% 98% 4%s Nov. 1. 1958—38. 97% 98% 4%s May 1, 1942—32 99% 100% 4%s Jan. 1. 1954—33 99% 100% 4%s Jan. 1, 1954—33 99 100% 4%s July 1. 1953—33 99 100% 4%s Jan. 1. 1055—35 99 100% 4%s July 1. 1955—35 99 100% 4%s Jan. 1. 1956—36 99 100% 4%s Julv 1. 1953—33 99%' 101 4%s Jan. 1. 1954—34 99 3 4 101 5s Mav 1. 1941—31 100 3 4 100 3 4 5s Nov. 1. 1941—31 100 3 4 100% Home Loan 4s. July 1. 1951 . 99% 99% Foreign Exchange (By Abbott. Hoppin <fc Cos.) , —April 2 Close Sterling. England $5.13 % Franc. France 0658 Lira. Italv 0859 Beigias. Belgium 2336 Mark Germany .3969 Guilder. Holland 6743 Peseta. Spain 1363 Krone. Norway 2585 Krone. Denn*rk 2295 Yea, Japan .3021

THE INDIANAPOLIS TIMES

Gen Foods ... 34 33% Gold Dust 20% 20% G W Sugar 29% 29 Int Salt 28 27% Natl Biscuit 42% 42% Natl D Prod 15% Purity Bak 16 S Porto Rico Sug 33% Spencer Kellog •• 22 Std Brands 21% 21% 21% 21% Un Biscuit 25 United Fruit 67% 68% Wrigley ... 60% Retail Stores— Ass Dry Goods. .. ... ... 15% Best & Cos 33% First Natl Store 60% 59% Gimbel Bros 5% 5% Gimbel pfd 26 Gr Un Tea 7% Hahn Dept Sts 6% Kresge SS 19% 19 % Kroger Groc 31 30% Macv R H - 51% Marshall Fields 18% 18% May Dept St 39% 39% Mont Ward .71% 31% 31% 31% Penny J C 64 64 Safeway St 52% 52 Sears Roebuck 48 48% Woolworth 50% 50 Aviation— Aviation Corp.. 9% 9% 9% 9% Curtiss Wright 4% 4% Curtiss WrightA ... 12 12% Douglas Air .... 25% 25 25 25% Nor Am Av ... 6% 6% Speery Corp ... 11%- 11 11% 11% United Aircraft 23% 23% Wright Aero 6112 Chemicals— Air Reduction 96 Am Com Alcohol 50 Ai 50 50% 49 % Col Carbon . .. . 68% Com Solvents... 29% 29% 29% 29 Du Pont 96% 96*/* 96 % 96 Freeport Tex 44% Liquid Carb 28 Math Alkali *. 34% 35 Montoson Chem. .. ... 90 88% Natl Dis (newi .. .. ... 28% 28% Schenelev Dist . .. ... 37% 36% Tex Gulf Sulph 37% 37 37 37 Union Carbide .. ... 44 44 U S Ind Alcohol 53Vi 52% Drugs— Coty Inc 7% Lambert 26% 27 Un Drug 14% 14% 14% 14% Zonite Prod 6% Financial— Adams Exp 934 Allegheny Corp 3% 31/4 Am Int Corp 8% 9 Chesa Corp 42 Lehman Corp 72 Transamerica 7 7 Tr Conti Corp.. ' ... 5% 5% Building— Am Radiator 15 15%. Gen Asphalt 19% Int Cement 29‘/a 30 Johns Manville 57 56% Libby Owens Gls 37 3 / e 37% Otis Elev 153% 15% Household— Col Pal Peet ... 16 3 i 16 16 16 3 a Congoleum 27 3 /b 27% Kelvinator ... . . 20 Proc & Gamble ... 35 35 Simmons Bed .. 20% 20% 20% 19% Textiles— Amer Woolen .... ... .. 14% Belding Hem 13% 12% Celanese Corp 37% 37 3 i Collins Aikman 24 3 a Gotham Hose 9% 934 Indus Rayon 80% Kayser Julius 16% 16% Real Silk 10% Chicago Stocks “ — By Abbott. Hoppin & Cos. —“ —April 3 High. Low. 11:30. Allied Products 17% Asbestos Mfg 3 Berghoff 9% 9V4 9% Bastian-Blessing . , 6% Bendix Aviation 19% 19% 19% Borg-Wamer 26% 25% 25% Butler Bros 10% 10 V 4 10V4 Cent 111 Securities pfd. . .. BVi Chicago Corp com 2% 2% 2% Chicago Corp pfd 26% 26% 26Vi Cities Service 2% 2% 2 3 / 4 Commonwlth Edison ... .. 55 Cord Corp 7% 7% 7Vi Gen Household Ut 15% 14% 15% Great Lakes Aircraft % Great Lakes Dredge 18% Kingsbury 7% Libby McNeil 5% 5V4 5% Marshall Field 18% 18% 18% Middle West Utilities . . . % Noblitt Sparks Ind Inc. 14% 14% 14% Parker Pen ... 9 Potter Cos 6% Swift & Cos 16% 16% 16% Swift Inter . 29 Walgreen Cos com 26% 26 26 3 / 8 Zenith Radio 3V4

Bond Prices

(By Fenner & Beane) —April 3 High. Low. 10:30. Alleg Cor ss. ’SO 34 33% 34 Am & F Pr ss. 2030 51% AT&T db ss, '65 . . 106% Atch gen 4s. ’95 99% 99% 99% B&O CV 4V2S, ’6O ... 68% 68% 68% Beth Steel 5s A, '36 .. . 102 Braz 6> 2 s (26), ’57 ... 26% 26% 26% Can Pac 4s ... 79% 79% 79% CMSP&Padj 5s A, 2000 18% 18 18 CMSP&Prf 5sA. ’75 .52 51% 52 Con Gas NY 4%5, ’sl. . 103 Erie RR rs ss, ’67 71% 71% 71% Goodyear ss. ’57 98Vs 98 98 Gt Nor 7s A. 36 97 56% 96% Interboro R T 5s ’66 70% Int T&T db ss. ’55 . 66% 66% 66% McKess Rob 5%5, 'SO. 77% 77 77%. Nat Dairy db 5%5, '4B. 90% 90 90 N Y Cen 4%s O, 2013 77% Nor Am ss. '6l 86 Para Pub 5%5. 'SO ... 51% Penn R R 4%s D, ’Bl 94% Poland 7s. '47 ... 99 Sin Cons 6%s B. '3B 104% Tex Corp ss. '44 ...10-% 101% 101% U S Rubber 5s A. ’47 83 82% 82'% Ygston S & T 5s B, ’7O .. ... 85 In the Cotton Markets —April 2 CHICAGO High. Low. Close. January 12.60 12.44 12.44 March 12.68 12.60 12.60 May 12.17 12.00 12.01 July 12.30 12.12 12.12 October 12.45 12.28 12.28 December 12.55 12.36 12.36 NEW YORK January 12.52 12.35 12.35 March 12.64 12.50 12.50 May 12.10 11.94 11.94 July 12.23 12.05 12.05 October 12.40 12 20 12.20 December 12.41 12.29 12.30 NEW ORLEANS January ~ 12.32 March 12.42 May 12.06 11.91 11.91 July 12.18 12.01 12.01 October 12 34 12.17 12.17 December 12.44 12.28 12.28 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. DOMESTIC RETAIL 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 $1 a ton for coal carried to oln. CHICAGO FRUIT MARKET By United Pries CHICAGO. April 2.—Apples—Michigan Baldwins. $1.50 bushel. Carrots—lllinois. 4041500 bushel. Spinach—Texas. 75c® $1 bushel. Beans—Southern green, $2.50® 2.75: wax. [email protected]. Cucumbers—Central western hothouse. $2.25® 2.50; southern. 55.254i6.25 bushel. Tomatoes—Florida. $1.25®2.50 box. Rhubarb—Michigan hothouse. 20®40c, 5 pound cartons. Mushrooms—lllinois, 17%®30c, pound cartons. Asparagus—California. $1.25®2 80 dozen bunches. Sweet Potatoes—Tennessee. $1.65®1.85: Indiana. $1.75®1.85 Leaf lettuce—lllinois hothouse. 45® 50c, 10 pound baskets. Onion market. 50 lb. sacks: Western Valencias. SI 10®1.40; central western vellows, 80c®$1.10; western whites. $1.50® 1.75. Marriage Licenses Willie Walker. 23. city laborer, and Josephine Landrum. 21. of 2528 Northwestern avenue, housekeeper. Marcel Smith. 21. 2913 Columbia avenue. laborer, and Marie Griffin. 18. of 2014 Ludlow avenue, housekeeper. Leverett Bell. 34. of 829 North West street, laborer, ar.d Ruth Morman. 26 of 829 North West street, housekeeper Harold Smith. 26. 1117 West Thirtvsecond street, shipping clerk, and Helen Lewis, 19. of 1215 West Thirty-fifth street, housekeeper. Tollie Van Burress. 34. of 408 North California street, laborer and Thelma Smith. 25. of 408 North California street, domestic. William Maxwell 29. of 1369 Nordvke avenue, electrician, and Marv Baker. 21. of 341 Trowbridge street, housekeeper. Rav Poison. 23. of 302 Parkwav avenue, farmer, and Verba Young. 26. 302% Parkwav avenue, housewife. Robert M. Lentz. 27. of 3719 East Walnut. street cleaner, and Axanelle Myers. 26. of 615 Madison avenue saleslady Henrv C Stroud, 34. of 615 Bright ! street, laborer, and Alice Jean Hodges, 29, of 1748 Boulevard place, housekeeper. William C. Many; 29. of 111 West Eleventh street, mechanic, and Leona M. Scheefers. 27, of 1621 North Delaware street, bookkeeper. Arthur Gorman. 21. Newcastle auto mechanic, and Ovilene "tJarnei. 22, of 439 West Market street, housekeeper.

PORKER VALUES DROP 15 TO 25 CENTSAT PENS Cattle Market Strong to Higher; Veal Prices Slip Lower. With exception of underweights dropping 25 cents, general prices on hogs at the Union Stockyards this morning moved around 15 to 20 cents lower than yesterday's average. Initial bulk of all weights was selling at $4 to $4.20. while few better grades were salable at $4.25. Small classes, 130 to 160 pounds, brought $3 to $3.50. Extremely light slaughter pigs scaling from 100 to 130 pounds sold at $2 to $2.75. Receipts were estimated at 7,000; holdovers, 271. Initial strength was evident in steer trading, with most kinds strong to around 25 cents higher than the previous close. Bulk ranged from $4.85 to $6.40. Some classes held up to $7.50. Heifer sales were slow with indications slightly lower. Cows remained steady. Receipts numbered 2,000. Weakness continued in veal trading and most grades displayed a decline of 50 cents, selling at $6 down. Receipts were 800. Lamb trading developed slow, with prices mostly Wooled westerns were salable up to $9.35, while clippers brought $7.75. Receipts were 1,200. Weak undertone prevailed in hog trading at Chicago and early bids were scarce. Receipts were estimated at 19,000, including 6,000 directs; holdovers, 3,000. Cattle receipts were 7.000; calves, 3,500; market weak. Sheep receipts numbered 8,000; market strong. HOGS March. Bulk Top. Receipts. 28. s4.2s<fi 4.50 $4.55 7,000 29. 4.2544 4.50 4.50 7,000 31. 4.15® 4.40 4.45 2.000 30. 4.25® 4.50 4.55 6,000 April. 2. 4.15® 4.40 4.45 7.000 3. 4.00® 4.20 4.25 7,000 Market, lower (140-160) Good and choice.... $ 3.25@ 3.50 —Light Weights—-(l6o-180) Good and choice ... 4.00® 4.10 (180-200) Good and choice ... 4.15 —Medium Weights—-(2oo-220) Good and choice ... 4.20® 4.25 (220-250) Good and choice 4.20® 4 25 —Heavy Weights—-(2so-290) Good and choice.... 4.20® 4.25 (290-350) Good and choice.... 4.10® 4.20 —Packing Sows — (350 down) Good 3.25® 3.50 (250 upl Good 3.15® 3.35 (All ■weights) Medium 3.00® 3.25 —Slaughter Pigs—-(loo-130) Good and choice.... 2.00® 2.75 CATTLE Receipts, 2,000; market higher (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® 6.25 Common and medium 3.00® 5.25 (750-900) Good and choice 4.75® 6.00 Common and medium 2.75® 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® 3.50 Cutter, common and medium.. 1.50® 2.75 VEALERS Receipts, 800; market, lower. Good and choice ...j $ 5.50® 6.00 Medium 3.50® 5.50 Cull and common 2.00® 3.50 —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle — (500-900) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 (800-1.500) — Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 1,200; market, steady Wool grades (90 lbs. down) Good & choice. $ 8.75® 9.35 (90-110 lbs.) Good and choice 8.50® 9.00 (500 lbs. down) Com. and med. 6.50® 8.50 —Ewes— Good and choice 4.50® 5.50 Common and medium 2VSO® 4.50 Other Livestock By United Press FT. WAYNE, April 3.—Hogs—2sc lower; 250-300 lbs., $4.15; 200-250 lbs.. $4.05: 180200 lbs., $3.90; 160-180 lbs., $3 80; 300-350 lbs., $3.75; 150-160 lbs. $3.25; 140-150 lbs., $3; 130-140 lbs.. $2.75; 120-130 lbs., $2.25; 100-120 lbs., $1.75; roughs. $2.75; stags, $1.50. Calves —$6 Lambs—sß.so. EAST ST. LOUIS, April 3.—Hogs—Receipts, 12,500; including 1,000 direct; market. slow; opened 15 to 25 cents lower; pigs and sows sharing loss; bulk 190-230 lbs., earlv, $4.10^/4.15: no heavies sold; 150-160 lbs., $3.65® 3.90; 130-140 lbs.. $2.85 @3.25; few higher; few 100-120 lbs., $2.25 @2.65; sows, early, s3.lo<v/3.25; bulk sows still unsold. Cattle—Receipts 3.000. Calves —Receipts, 3,200; market opened slow on steers with early sales about steady at [email protected]; cows, unchanged; bulls, strong to 10 cents higher; vealer market at a standstill; cows largely s3® 3.75; top, $425; low cutters, $1.25(51.75; top sausage bulls, $3.35; nominal range slaughter steers. $3.55@7; heifers. $3.50® 6.25. Slaughter steers. 550-1,100 lbs., good and choice, $5.75-7; common and medium. $3.75® 5.75: 1,000-1,500 lbs., choice, $6.65® 7; good. $5.50 @6.50; medium. [email protected]. Sheep—Receipts 1,500; market, no early action; packers taking lower on lambs; asking fully steady to strong; holding better wooled lambs around $9; lambs, 90 lbs., down, good and choice, [email protected]; common and medium, s6® 8.75; 90-98 lbs., good and choice, $8.25 @9.15; yearling wethers, 90-110 lbs., good and choice, $6.75®8.25; ewes. 90-150 lbs. good and choice. 53.75®5.50: all weights, common and medium. $2.75® 4.25. PITTSBURGH. April 3.—Hogs—-Receipts, 1.000; holdovers. 7o0; slow; bulk. 160-220 lbs., $4.60® 4.65: 240 lbs. up. $4.25® 4.50: 130-140 lbs.. $3.50® 3.75; 130 lbs. down. [email protected]; sows, steady. $3.75 down. Cattle —Receipts. 15; nominal. Calves—Receipts, 125; about steady: vealers. $6.50; a few at S7: medium. Ss@ 6 Sheep—Receipts. 1.000; wool lambs, steady to weak; good and choice, $9.50® 9.75; shorn lambs. 25c lower; better grades, [email protected]; shorn wethers, slaw; top. $4.50; spring lambs, nominally sl2 down. CLEVELAND, April 3.—Cattle—Receipts. 200; market, active and steady; 750-1.100 lbs.. [email protected]; 650-950 lbs.. $5.50®6.50: 900-1,200 lbs., $5.25® 6.25 : 600-850 lbs., [email protected]: good cows, all weights. $2.75® 3.50. Calves—Receipts. 600; market, steady on good grades but 50 cents lower on common receipts; prime veals. [email protected]; choice veals, s6®7: medium. ss®6: common. $3 @4.50. Sheep and lambs—Receipts, 1,000; market, active and steady; good to choice wool lambs, [email protected] medium to good $8 @9; choice clipped lambs, [email protected]; medium to good, s6® 7: prime wether sheep, ss® 6; choice ewes, s4® 5; medium to good, s3® 4. Hogs—Receipts. 1,700; market. 15 cents lower in dull trading; 250-300 lbs., $4'.;4.25; few held over: 220-250 lbs.. $4.25 @4 35; 180-220 lbs $4.35: 150-180 lbs., $4.35: pigs. 100-140 lbs.. $2 75® 3; roughs. $2.75® 3; stags. $1.75®2. By Timex Special LOUISVILLE. April 3.—Cattle—Receipts. 150: supply very light: quality generally plain; demand dependable; market fully steady: bulk common to medium steers and heifers. s4® 5; better finished fed offerings salable. $5.25® 6: bulk beef cows, $2 50® 3.50; smooth heifer types quotable higher; bulk low cutters and cutters,sl.2s @2.25; sausage bulls. 53.75 down: Stockers and feeders steady at yesterday s upturn: bulk common to medium grade natives. S3®4: well bred Hereford stockers. mostly ss® 5.25. Calves—Receipts. 300: vealers. weak to 50 cents lower or fully 50 cents or more off for two days; bulk better grades, $4.50® 5; medium and lower trades. $4 down. Hogs—Receipts 900: 5 cents lower; 170-240 Tbs $4 Id; 245-270 lbs . $3.80: 275 lbs. up. $3.45; 145-165 lbs., S3 30; 120-140 lbs sl.9* sows S2 20 Sheep —Receipts. 50: steadv; medium to good wooled lambs. s7®B; choice kinds quotable to $8 50; common light throwouts, $5; fat ewes. $2.50® 3. Plumbing Permits R. Easmann 3618 Napoleon, one fixture. C. L. Wilkinson. 906 E. Minnesota, four fixtures. A. C. Erber, 1423 Williams, two fixtures. Frank Irish. 1347 Shelby, two fixtures. Orvis Totum. 1127 S. Pershing, four fixtures. J. C. Dunn Company, 1102 N. Meridian, two fixtures. George Conrad. 205 N. Noble, four fixtures. C. A. Johnson, Forty-second and Fall Creek bird., four fixtures. Hankin Bros., 1161 Roosevelt, two fixtures. J. B. Darling. 2257 N. Meridian, one fixture.

—Today and Tomorrow— Democrats, Progressives Make Great Use of Their Brain Trust Monsters. BY WALTER LIPPMANN

IN the game of politics, on the principle tl\at one foul blow deserves another, the opponents of the administration are entitled to their magnificent monster, the brain trust. Have not the Democrats and Progressives made great use of their monster, popularly known as Wall Street? Whenever opposition has raised its head, they have beaten it down by charging that sinister financial interests were seeking to thwart the new deal., So, I suppose, it is merely a case of tit for tat when the attempt is made to show that the new deal is a Communist plot, and the red

professors are trotted out to offset the black bankers. Neither monster exists anywhere except in the realm of imagination and propaganda. Any one who knows anything about Wall Street knows that it is as divided m its views as any other community in the country. During the past year it has had its deflationists, its adherents of the old gold standard and its enthusiasts for the new gold standard, its supporters of NRA and its opponents, its free traders and its believers in a self-contained economy. The idea that Wall Street is an organization with a central brain and a clear purpose is simply not true. In fact, one of the most serious criticisms that can be made of the financial community during the depression is that it has lacked effective leadership and a clearsighted policy. The so-called brains trust may have had some unity of purpose when it was first assembled to help Mr. Roosevelt write his campaign speeches. But the

men now listed in the newspapers as members of the trust are most certainly not an organized group with common principles and common purposes. a a it *• tt a r | ''HERE are, for example, the advisers who deal with monetary policy. A Professor Warren is an old-fashioned American individualist if ever there was one. He is in total disagreement with the whole theory of

regimentation and restriction of output and pushing up costs ahead of profits and collectivist planning. Then, there is a group among whom Professor Tugwell is the most conspicuous, who may, I suppose, fairly be called collectivist. There is another group, represented by Professor Frankfurter, who are not collectivists and not planners, but at bottom old-fashioned trust busters who disbelieve in monopoly and giant corporations and would like to restore competition and return to a smaller scale in business enterprise. To lump them all together and assert that they have an organized purpose and are directing the administration is absurd. In fact, the real criticism to be made of the brain trust is that it has no common brain and that the program which its members have helped to formulate is a mixture of conflicting policies. a a tt TT is not a conspiracy that we have -*• to worry about, it is confusion. The attempt of the agricultural adjustment administration, for example, to bring farm prices up to their prewar parity of purchasing power with manufactured goods is in direct conflict with the policy of NRA in permitting or approving the artificial raising of the prices of manufactured goods. The inflation brought on by the monetary policies is in conflict with the semi-monopolistic practices under NRA. The various measures which tend to check capital investment, such as the securities act, NRA prices for capital goods, and the NRA wage policy which raises cost in advance of employment and profit, are at variance with the budget program which depends upon aVrevival of investment in the next twelve months. These are the serious problems of the administration. They have been created not by a group who know what they want and are proceeding resolutely to get it, but by many men of different minds who have not thought out clearly the relation between one policy and another. The real trouble has been that the President has lacked a council of advisers who had a common conception of recovery and reform, and the leisure to consider carefully the program as a whole. The brain trust has been too busy to be a brains trust. The President’s advisers have been set to work doing this and that particular thing. They have been specialists and little more than that. Asa result, he has been without the assistance of a really effective group of counselors who could harmonize and co-ordi-nate his policies. tt tt tt TMPROVISATION and haste, a A patchwork of different theories, ; a lot of talk about i planning one thing and another, but a lack of planning for the effort as a whole; these .are .the .serious criticisms which can be brought and must be met. My own observations have convinced me that amidst all this im- j provising the thing which has tilted the balance in favor of policies of I regimentation has been the fear of plenty and the conviction that the country was overbuilt and overproducing. Such planned collectivism as we have, beginning with limitations of output under NRA j and culminating in the Bankhead bill to control cotton, has been j planning to reduce production. This is not Communism. It is de- j flation. It is a typical manifesta- ; tion of deflation, and has no more to do with Russia than it has with Brazil, where they make bonfires out of their surplus coffee. It is not tHe Communists, but textile manufacturers and cotton planters and oil producers and the like who have formulated the codes, backed the laws for regimenting production. For my own part I do not believe this is the true road to recovery, though perhaps in special cases it can be justified as a measure of relief in a dire emergency. But it is in this belief in overproduction and not in any Communist theory or propaganda that each important step toward regimentation, planning and compulsion his originated. Copyright, 1934 PENNSY INCOME GAINS Increase of 55.707.633 Made Last Year Over 1932. Net operating income of the Pennsylvania Railroad Company in 1933 totaled $19,281,169, an increase of $5,707,633 over 1932. according to the eighty-seventh annual report ; released today. Owing to the continued low level ' of commerce and industry during the year, the operating revenues of the company declined $6,677,644, but approximately that amount was saved in operating expenses. Taxes were reduced snort than $3,000,000 and hire of equipment approximately $1,000,000.

Lippmann

Bright Spots

(By Abbott, Hoppin & Cos.) Humble Oil Company and subsidiaries in 1933 had a net profit of $20,847,817 after all charges against $14,896. 6jt3 in 1932. R. H. Macy and Company and subsidiaries in twelve months ended Jar.. 27 had a net profit of $3.034,622 after charges against $3,287,151 in the previous twelve month period. Associated Dry Goods Company In 1933 earned $1.50 a share on the 6 per cent first preferred stock against a net loss of $1,939,914 in 1932. Plymouth Oil Company earned 4 cents a share in 1933 against $1.58 a share in 1932. Noranda Mines in 1933 had a net income of $4,816,106 after charges, equal to $2.15 a common share against $1.60 a common share in 1932. Report of the International Mining Corporation and subsidiaries for 1033 shows that net assets of Dec. 31 were $6.685,888. equal to $16.71 a chare on the outstanding stock in hands of the public. This compares with $1.72 on Dec. 31, 1932. Omnibus Corporation report for 1933 shows earnings of 82 cents a share on the common stock against 47 cents a share in 1932. American Writing Paper Company in 1933 had a net loss of $135,984 after all charges against $646,444 in 1932. Chesapeake and Ohio Railroad Company carloadings for own lines and connections in the week ended March 31 totaled 31,190 cars against 29,722 cars in the previous week. Beneficial Loan Company declares the regular quarterly dividend of 37% cents a share on the common stock and 87% cents a share on the preferred stock. Atchison. Topeka and Santa Fe Railroad Company car loadings for own lines and connections in the week ended March 31 totaled 21.891 cars against 23,049 cars in the previous week.

U. S. Government Bonds

By United Press NEW YORK. April 2.— Closing Liberties. (Decimals Represent 32nds) LIBERTY 3%S (32-47) 103. Ist 4Vis, (32-47) 103.13 TREASURY 4th 4%s (33-38) 103.6 4Vis 3%5. (45) 101.20 <y 4 S. (47-52) 110.28 3%5, (43-471 102.4 3%5. (41-43) March 102 5 3%5, (40-431 June 102.2 3% s (41) 101.25 3%s (46-49) 100.7 3s (51-55) 98.28 NEW YORK COFFEE FUTURES —April 2 SANTOS. High. Low. Close. March H. 56 May 10.82 10.75 10.82 July 11.01 10.86 11.01 September 11.33 11.20 11.20 December 11.46 11.33 11.46 RIO January 8 88 March 8 92 May 8.50 8.40 8.50 July 8.65 8.55 8.65 September 8.74 8.66 8.74 December 8.83 FREDERICK LANDIS TO SEEK CONGRESS POST Former G. O. P. Governor Candidate Enters Race. By United Press LOGANSPORT, Ind., April 3. Frederick Landis, local magazine editor and candidate for Governor on the Republican ticket in 1928, announced last night he would seek the nomination for representative from the Second congressional district in the May primaries. Mr. Landis will seek the position now held by George R. Durgan, Democrat, ot Lafayette. At present they are the only persons who have announced their candidacies in the Second district. SHIPMENT OF PARROTS BARRED BY CALIFORNIA Number of Psittacocis Cases Causes State Order. By United Press LOS ANGELES. April 3—Shipment of parrots from Oalifomia was banned today by an order from the state department of public health, acting after a number of deaths from psittacosis, or “parrot fever.” The official revealed fourteen cases of psittacosis in the state since Dec. 1, 1931. A recent fatal outbreak of the fever in Pittsburgh was blamed on California birds.

In the Air Weather conditions at 9 a. m.: South southeast wind, 13 miles an hour; temperature, 61; barometric pressure, 30.08 at sea level; general conditions, high overcast, lower scattered clouds; ceiling, unlimited; visibility, seven miles. Robbers Loot Beer Tavern Edmond A. Deckman, operator of a Deer tavern at 1640 South Meridian street, reported to police today that burglars last night stole a peanut machine and other supplies valued at S3O and S2O in cash that was hidden under the bar. More than 100,000 applications for new inventions and devices pour into the United States patent office each year.

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SELLERS FORCE GRAIN FUTURES OFF FRACTIONS Uncertain Weather Reports From Wheat Areas Weak Factor. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. April 3. Uncertain weather conditions in parts of the j winter and spring wheat areas exI cited bearishness and sellers sent | grain prices lower at the opening of the Board of Trade today. Wheat and corn deliveries were M | to % cents lower, oats were % to % | cents lower, and rye was unchanged to % cent off. Cotton and stocks offered no in--1 centive to buyers. Cotton held j steady to 5 points lower and the stock list was irregular. Liverpool wheat opened steady ■ after the holiday. Chicago Primary Receipts —April 2 —Bushels— Todav Last -week Wheat 622.000 654 000 Corn 619.000 768.000 Oats 211.000 167,000 Chicago Futures Range —April 3 WHEAT— prev. High. Low. 10:00 Close. May 85% .85 3 „ .85%' .86 July 85% .84% .85% .85% Sept 86% ,85% .86 .86% CORN— May .48% .47% .47% .47% July 50% .50 .50% .50% Sept 52% .51% .51% .52% OATS— May 32% .31% .32 .32% July 32% .32% .32% .32% Sept 32% .32% .32% .33 RYE— May 59% ,59 3 a .59% .59% July 61% .60% .61% .61 % Sept 62% .62% .62% .62% BARLEY— May 43% .43% July .. .46% .45% Sept .. .. .47 / CHICAGO CASH GRAIN By United i’rtxs CHICAGO. April 2.—Cash grain: Wheat —No. 2 red. 88%@90%c: No. 1 hard, 88%c; No. 2 hard, 88%c. Corn—No. 2 mixed, 47®47%c; old, 47%@ 48 3 4C; Nq. 2 yellow, 47®47%c; old, 48®48%c; No. 3 yellow. 46%®47c; No. 4 yellow, 46%c; No. 6 yellow old. 45c; No 2 white, very poor. 47%c; No. 2 white old. 45c (lake billing) No. 2 yellow. 46%c; No. 2 white. 49 3 4 c; No. 3 white. 49c. Oats—No. 2 white, 33%@| 34%c: No. 3 white. 33®33%c; No. 4 white, 31%® 32%c: sample grade white. 29%c. Barley—Sales. 62® 78c; quotable. 41® 80c. Rye—No sales. Timothy—s6.so® 7. Clover seed—sll.2o® 12.50. Cash provisions— Lard, $5.92; loose, $5.90; leaf. $6; S. bellies, SB. TOLEDO CASH GRAIN By United Press TOLEDO, April 2.—Grain close: Grain in elevators, transit billing: Wheat—No. 2 red, 91%®92%c. Corn—No. 2 yellow, 520/ 53c. Oats—No. 2 white. 37%@38%c. Rye—No 2, 65%®66%c. Track prices, 28 %c rate Wheat—No 1 red. 88®88%c; No. 2 red, 87®87%c. Corn—No. 2 yellow, 47%®48%c: No. 3 yellow. 46%®47%c; No. 4 yellow, 45%®46%c. Oats—No 2 white, 34®36c; No. 3 white, 33%@35%c. Toledo seed close: Clover—Cash. $8.25. Alsike— Cash, $8.50. ST. LOUIS CASH GRAIN By Unitefi Press ST. LOUIS. April 2.—Cash grain: Wheat —ln fair demand, steady to %c lower on red and %c higher on hard grades; No. 2 red. 88c nominal; No. 3 red. 87%c; No. 2 red garlicky. 86@87%c; No. 1 hard, 87%c; No. 3 hard 85%c. Corn—ln good demand, unchanged to %-cent higher; No. 3 mixed. 47c; No. 1 yellow, 48%c; No. 2 yellow, 47%@48%c: No. 3 yellow. 47%c; No 4 yellow, 46%®47c: No. 2 white, 50c. Oats—in fair demand, % cent higher; No. 2 white. 35c: No 4 white. 3334 c.2 3 4 c. Indianapolis Cash Grain —April 2 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—No. 1 red. 81%®92%c: No. 2 red. 80%@81%c; No. 2 hard, 80%@81 %c. Corn—Easy: No. 3 white, 42%@43%c; No. 4 white, 41%@42%c; No. 3 yellow. 41% @42%c; No. 4 yellow. 40%@41%c; No. 3 mixed, 40%@,41%c: No. 4 mixed. 39%@) 40%c. Oats—Easv: No. 2 white. 30@31c; No. 3 white. 29@30c —lnspections Wheat—No. 2 red. 2 cars: No. 2 hard. 1 car. Total, 3 cars. Corn—No. 3 white, 5 cars; No. 4 white, 2 cars; No. 2 yellow. 18 cars: No. 3 yellow, 10 cars; No. 4 yellow. 2 cars; No. 3 mixed, 1 mixed. Total. 38 cars. Oats—No. 2 white. 10 cars; No. 3 white, 12 cars; No. 4 white, 2 cars. Total, 24 cars. Rye—No. 2. 1 car.% Total, 1 car. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 79 cents for No. 2 soft red“-wheat. otner grades on their merits.. BONUS ARMY AWAITS RECRUITS FOR MARCH New Force Will Go to Capital to Ask for Cash Relivf. By United Press SACRAMENTO, Cal., April 3. Organizers of anew bonus march on Washington today awaited reinforcements before advancing on the national capital to present demands for immediate cash relief for every world war veteran and for war widows and dependents. The Workmen’s Ex-Service Men’s League organized the present march, which was to follow the path taken from the Pacific coast by the marchers oflhe Hoover administration. Fifteen men formed the nucleus of the new movement., The leaders said that they would remain here until Saturday, yhen the entire “army” would be assembled to move eastward in trucks, automobiles and freight cars.

TVA CHANGES URGED Senator Asks Project Turned Over to Comptroller-General. By United Preen WASHINGTON. April 3.—Senator Warren Barbour 'Rep., N. J.) today introduced a bill to bring all expenditures by the Tennessee Valley Authority under regulation of the United States comptroller-general. He charged that TVA in some instances had not awarded its contracts to low bidders. The bill would prevent such action. CITY BEAJJ TICIANS~MEET Organization Hears Discussion of Plastic Surgery. The monthly meeting of the Indianapolis chapter of the American Cosmeticians Association was held last night at the Lincoln. Dr. Harold M. Trusler, assistant superintendent of surgery of the Indiana University School of Medicine, spoke on plastic surgery. FEDERAL POST FILLED William Duff Appointed Referee in , Bankruptcy. By i nitnt Pn n$ FT. WAYNE, Ind.. April 3 —William DufT, F't. Wayne, has been appointed by Federal Judge Wheeler Ashcraft, Portland, in the F’t. "Wayne division of Northern Indiana. He will begin his new duties with expiration of Mr. Ashcraft* term. April 21.