Indianapolis Times, Volume 45, Number 284, Indianapolis, Marion County, 7 April 1934 — Page 11

APRIL 7, 1934

Wall Street Refusal to Co-Operate May Defeat Exchange Bill, Some Think. —BY RALPH HENDERSHOT limn Special Financial Writer

A PPARENT unwillingness of the administration and its supporters to further revise the FletcherRaybum bill calling for strict regulation of the stock exchanges throughout the country may result in defeat of the measure, many competent authorities believe. Such a development would be unfortunate, for reasonable federal regulation is generally

admitted to be needed in the interests of not only the general public but the exch ang e s as well. An important indication of the trend of things in connection with the bill is seen in the action of the senate banking committee, which is reputed to be taking much more time in consideration

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Ralph Hendershot

of the measure than is deemed necessary by its sponsors. Senator Fletcher was reported in Washington dispatches recently as being impatient with developments. That security dealers and corporations throughout the country as well as brokers and bankers m Wall street are prepared to fight the bill in its present form to the last ditch is rather obvious. And there are those who are confident their efforts will not be without success. They believe that when the issue is brought out into the open in congress opposition will be much stronger than is evident at present.

A MAN who has been in the thickest of the fight in Washington thus far, and who holds a very responsible position in one of the leading stock exchanges in the financial district, sees the situation as having narrowed down to a matter of opinion between his group and the sponsors of the bill. The Washington people, he believes, are sincere in their contention that speculation of all kinds should be stopped in the interest of business. while he takes the stand that in addition to destroying the brokerage business stoppage of security speculation would be detrimental to trade in general. This man does not view the situation as do many of his associates. He is convinced that the sponsors of the bill are highly intelligent men, wheras the rank and file in the Street think they are crackbrains. He feels, too, that the Exchange authorities have done their best to convince their opponents that they are in error, and that the only thing to do now is to trv to get more support in congress than has the opposition, a a a IT would occasion no great surprise if the opponents of the bill sought to bring together some rather strange alliances in congress to defeat, the measure. They are desperate, since their business is at stake, and they are reputed to be willing to make compromises on important questions provided they get the help they seek. That they are really fighting for the first time should be obvious to those who take the trouble to look behind the scenes. But while they are putting up the best battle they can, it can be reliablv reported that they still are very much afraid of the administration. Every action taken is weighed very carefully in the light of its possible reactionary effect. In that connection they feel the Rand-Wirt affair was a bad blunder. With almost complete inability to gauge public reactions they are at a big dlsadavantage in their attempts to win the public over to their side.

In the Cotton Markets

—April 6 CHICAGO High. Low. Close. January 12.48 1243 12.48 M irch 1- 60 12.0* 12. jO Mav 12.15 12.03 12 15 tyiv 12.28 12 14 12*8 October 12.37 12.28 12.37 December .. 1246 12 38 1246 NEW YORK January - 1242 12 32 12 42 March 12.52 1241 12.52 Mav 12 10 11.93 12 09 julv 12 19 12.05 12.18 October 12 29 12 18 12 28 December • 1240 12.28 12.38 NEW ORLEANS January 12 42 12 34 12 34 March 1247 1242 1245 Mav 12 08 11 97 12 08 Julv 12.16 12 04 12.15 October 12 27 12 19 12 27 December 12 38 12 28 12.38

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 8.25 Coke, egg size $..5 Indiana, forked lump 5 50 Indiana, egg. .. 5.00 Indiana, mine run 4 75 Kentucky lump 7.00 Pocahontas lump 8 25 Pocahontas egg 825 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8 25 West Virginia lump 6.75 West Virginia egg 6 50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, ard SI a ton for coal carried to otn. NEW YORK COFFEE FI TI RE —April 6 . SANTOS High. Low Close. March • 11 24 11 22 11.22 May 10.58 Julv ■ ■ 10 79 10.73 10 73 September 11 09 10 99 11 06 December 11.81 1141 1141 RIO Close. January 8 60 March 8 63 Mav 8 30 Julv 8 42 September 8 49 December 8 56 CHICAGO FRIIT MARKET fly Time* Special CHICAGO. April 6.—Apples—Michigan Baldwins. $1 40 y 1.50 bushel Carrots — Illinois. 50 <i 55c bushel. Spinach—Texas. 70c'o$l bushel Beans—Southern green. $2 25 a 2 75. Cucumbers—Centra! western hothouse. s2©2 50 >2 dozen to boxi Tomatoes —Florida. $115 , <52 50 box. Sweet Potatoes—Tennessee $1 70'i 175 Indiana S2 ©2 15 Mushrooms—lllinois. 12'jy30c ilb cartonsi. Asparagus—California SI 25 i 275 (dozen bunchesi Leaf Lettuce- Illinois hothouse. 40c (10-lb. baskets'. Onion market >SO-lb sacks Central western yellows. 75T95c: western whites $1 50u175; Oregon yellows 754i90c Sw Men With Machine Guns Polio* today reported that a city $ resident saw several men drive up to a vacant house in the 1400 block Colorado avenue last night and take several machine guns from a dustcovered sedan with Missouri license pktes.

STOCK SHARES FIRM AFTER UNEVEN PRICE RANGE

PORKER VALUES REMAIN STEADY; CATTLESCARCE Vealers Decline 50 Cents; Lamb Market Holds Stationary. Trading in practically all classes of hogs at the local stockyards yesterday remained unchanged with Thursday's average. Bulk of all weights held around $4.10 to $4.25, while few good and choice grades were selling up to 54.3 U. Light slaughter pigs scaling 130 to 160 pounds, brought $3.10 to $3.60. Extremely light kinds weighing from 100 to 130 pounds, sold at $2.10 to $2.85. Receipts were estimated at 6.000; holdovers, 352. Steady week-end cleanup trade prevailed in the cattle market, with no choice grades on hand during the early session. Receipts numbered 200. A decline of 50 cents was registered in veal prices. Most kinds held at $6, while few ranged up to $6.50. Receipts were 600. Only slight action was displayed in the lamb market, with indications steady. Bulk prices were undetermined. Receipts were 800. Hog prices at Chicago continued strong with Thursday’s average at $4.35 down. Receipts were estimated at 13,000, including 6.000 directs; holdovers, 1,000;. Cattle receipts numbered 1,000; calves, 8,000; market, slow and steady. Sheep receipts w'ere 10,000; market, unchanged.

HOGS March. Bulk. Top Receipts. 39. $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 4. 3.90® 4 15 4.15 6.000 5. 4.10® 4.25 4.25 4.000 6. 4.10® 4.25 4.30 6,000 Market, Steady. (140-160) Good and choice $ 3.35® 3.60 —Light Weights—-(l6o-180) Good and choice .. 4.10® 4.15 (180-200; Good and choice 4.20 —Medium Weights—-(2oo-220) Good and choice .. 425 (220-250) Good and choice . 4.10® 4.15 —Heavy Weights—-(2so-290) Good and choice 4.10® 4.15 (290-350) Good and choice .. 4,15® 4.25 —Packing Sows—(3so down) Good 3.25® 3.50 (250 upi Good 3.15® 3.35 (All weights) Medium .. . 3.00® 3.25 —Slaughter Pigs—-(loo-130) Good and choice .. 2.10® 2.85 CATTLE Receipts, 200; market, steady. (1,050-1,1001 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 —Cow's— 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. 600; market, lower. Good and choice $ 6.00® 650 Medium 4.00® 6.00 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 Feeder and Stocker Cattle—-(soo-900) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 (800-1.5001-Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts. XOO; market, steady. W'ool grades (90 lbs. down) Good & choice $8.50® 9.10 (90-110 lbs.) Good and choice 8.25® 9.00 (500 lbs. down) Com and med. 6.50® 8.50 —Ewes— Good and choice 4 50® 5.50 Common and medium 2.50® 4.50 Other Livestock By United Press CHICAGO. April 6.—Hogs—Receipts. 13,000, including 6.000 directs; strong to 10 cents or more higher; 130-310 lbs., s4® 4.35; top. $4.35 for choice 160-210 lbs..; pigs. $3.50 down; packing sows. $3.25® 3 50; light lights, 140-160 lbs.,' good and choice. s4® 4 35; light weight 160-200 lbs., good and choice. $4 20® 4.35; medium weights. 200-250 lbs., good and choice. $4.20 @4 35; heavy weights. 250-350 lbs., good and choice. $3 [email protected]; packing sows. 275550 lbs., medium and choice, 53.10®3.65: slaughter pigs. 100-130 lbs., good and choice. $2.75® 4. Cattle—Receipts, 1,000; calves. 800: well finished heavy steers fully steady; others and good light heifers slow; about steady; cows fairly active; steady to strong; bull and vealers, unchanged; choice 1.395 lbs. averaged $7.35; load averaging 1,515 lbs.. $7; bulk lower grade light steers. $5.25® 6.25: selected vealers. s6® 6 50; 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. s6® 7.65; 1 300-1.500 lbs., good and choice. $5.50 u 7.65; 550-1.300 lbs,, common and medium. s4® 6; heifers. 550-750 lbs., good and choice. $5®6.35, common and medium. $3.50 6 5.25; cows. good. $3.50',; 4.50; common and medium. $2.75®3.75; low cutter and cutter. $1.756 2.75; bulls (yearlings excluded) good (beef). $3.10® 3.75; cutter, common and medium. $2.50',; 3.35: vealers good and choice. $5®6.50: medium. s4',; 5; cull and common, $3 a4; stocker and feeder cattle, steers. 550-1.050 lbs., good and choice, $4.50® 5.75: common and medium. $3.25 ■ 4.50. Sheep—Receipts, 10.000; opening slow: indications around steady on desirable fat lambs; early bids and sales. $9 ct 9.25; small supply native springers, unevenly higher; extreme top. sl6; sheep steady; wool ewes. $5 down; clipped offerings, $3',<3.50; top. $3.60; slaughtr sheep and lambs lambs. 90 lbs. down, good and choice. $8.85®9.35; common and medium. s7® 8.85; 90-98 lbs., good and choice, $8.75(0.9.25; ewes, 90-150 lbs . good and choice, $5.75® 5.25: all weights, common and medium S3'if 4 25. ST. LOUIS. 111., April 6.—Hogs-Re-ceipts. 7.500, including 600 direct; market, slow; opened steady to 5c lower than yesterday's average: bulk still unsold; extreme (op. 54.25 for a few small lots; most ear’.v sales. 170-240 lbs.. $4 15®.4.20: 150-160 lbs. 53.85',, 4 10; 130-140 lbs. *3® 3.50, 100-120 lbs.. $2.25',; 2.75: sows. 53.25',; 3 50. Cat tie-Receipts. 700: calves, receipts. 800: market, generally steady in cleanup trade; not enough steers on sale to make a market; mixed yearlings and heifers. ! $4.25',; 5.25 with a few a! $5.65; cow s $2.75 •'•i 3.75; low cutters. $1.25® 1.75: sausage bulls. $3 ~3 25; practical top vealers. $6. with a few selects at $6 25; nominal range slaughter steers. $3.75® 7.25; slaughter heifers. $3.50 ,; 6 25; slaughter steers. 5501.100 lbs., good and choice. $5.75 6 7.25; common and medium. $3.75®5.75: 1.1001,500 lbs . choice. $6.50 6 7.25; good. $5 50 r 6.75; medium. ss',; 5 75. Sheep—Receipts. 1.0000; market, not yet established: mostly asking higher; few small lots to citv butchers, steady, few wooled lambs, $8.75®9: small lot spring lambs. $11; receipts mostly clipped lambs; lambs. 90 lbs down, good and choice $8 75 •; 9.25; common and medium. s6',; 8.75: 90-98 lbs. good and choice. $8 25m 9.15: yearling wethers. 90-110 lbs . good and choice. $6.75,(8.25: ewes. 90-iSO lbs., good and choice. $3.75® 5.30: all weights, common and medium. $2.756 4.25. PITTSBURGH. April 6—Hogs—Receipts. 1.300: holdovers. 450; fairly active; 10® 15c higher; top and bulk. $4.75 on 160.220 lbs.. 220-250 lbs. quotaoie $4.50® 4.65: heavier weights. $4 50 down 130-140 lbs.. $3.25® 3.50; 90-130 lbs. $2 75.(3 25. sows. 0363.65. Ca’tle—Receipts. 25 steady. Calves—Receipts. 125; 50c lower, top and bulk vealers. $6 50: medium. $4.5065 50; cull and common. $2 •; 4 50 Sheep—Receipts. 800; steady; sorted wool lambs. $9 50: common to medium. s6® 8.75; shorn lambs. $7 50 down: clipped wethers, slow. $4 50 down: spring lambs, absent, nominally sl2 down. LAFAYETTE April 6—Hog market steadv 200-325 lbs . $3.9064.10: 170-200 lbs S 3 9*l ;4 150-170 lbs. $3.3563 80; 130 -150 lbs $2 856 3.10; 120-130 lbs . $2 356 2.60; 100-120 lbs . $1 8562.10: roughs. $3.50 down Top calves. $5; top lambs. $8 CLEVELAND. April 6—Cattle—Receipts, 150; market steadv today and prices steadv with week ago; choice. 700-1.000 ib. steers $6.506 7 50: 650-950 lbs. *5.5066.50; 900-1.200 lbs *5 25 1 6.25; heifers. 600850 lbs . $4.50 6 5 50; good cows all weights. $2 75 350 Calves—Receipts 200: market steadv today with no change in prices, down 50 cents from week ago: prime veals. $7®7.50: choice. $6 5067: medium. $4,506 5.50: common. $3 4 50. Sheep and lambs— Receipts. 500: market steadv today; lamb market retained mid-week's loss and closed steadv with Mondays opening; good to choice wool lambs. $96 9.50: medium to good. S7®9; culls and cuts. 55.50®7: choice clipped lambs. *76 7.50: medium to good. $56 7; prime wether sheep. $56 6: choice ewes. *4® 5: medium to good. *3® 4 Hogs —Receipts. 700; market, steadv today with prices unchanged from yesterday; off 10 cents from week ago: 250-300 lbs.. $4,259 4.50; 200-250 lbs. *4,25®4.*0; 180-220 lbs., $4 40; 150>1(0 lbs.. *4 40: pigs, 100-140 lbs., AUga. *L7sfoi

Chicago Stocks By Abbott. Hoppln 61 Cos. ~' ■

TOTAL SALES. 36,000 SHARES - High. Low. Close. Abbot Lab 51 Adams Mfg H Allied Products 18 Asbestos Mfg 3% Asso Tel & Tel A 3% Asso Tel & Tel 6% •• ■ 18 Berghoff 9‘4 8 Vi 8% Bastian-Blessing • Bendix Aviation 19% 19% 19% Borg-Warner 25% 25 25% Borg-Warner pfd • 100% E L Bruce Cos 15)4 15% 15* a Butler Bros 10% 10% 10% Canal Construction 3% Castle A M 15 Cent & So West IVi Cent & So West pfd . 6 5Vi 6 Cent & S W P L pfd 10 Chain Beit ■ ■, • ■ 17 Chi & North West 13% 13 13% Chicago Corp com 2% 2% 2% Chicago Corp pfd 26% 25Vs 26 Chicago Elec Mfg A ... ... 12 Chicago Flexible Shaft .. ■ 9% Chicago Towel pfd • • 70 Cities Service 2% 2% 2% j Club Aluminum • % Commonwealth Edison. 55% 55% 55% Cord Corp 7% 6% 7 Crane Cos 9% 9% 9% Crane Cos pfd 62 61% 62 Electric Household . 12% 11% 12% Fitzsimmons A: Connell 15 14% 15 Gen Household Ut 16% 15% 16% General Candy Corp .. 7 6% 7 Goldblatt Bros 17 Vi 17 17% Hall Printing ... 7% Houdailie Hershey A— 7% Houdaille Hershey B 6 IHinois Brick ... 6 Ind Pneu Tool 24 23% 24 Kellegg Switch com ... 4Vi Kentucky Ut Jr Cum pf . .. 19 Kingsbury 7Vi 7% 7Vi Libby McNeil 5% 5Vi 5% Loudon Packing 18% 17% 18% Marshall Field 19 18% 19 McCord Rad A 10 McWilliams Dredging Cos • . ... 20% Metro Industries .. .. 10' 2 Mickelberry’s Food Prod IV4 1% 1% Middle West Utilities % National Battery 22 Noblitt-Sparks Ind Inc 15 14% 15 National Leather 1% 1% 1% Northwest Engineering 6% Perfect Circle 32 Potter Cos 6% 6 6 Prima Cos ... ... 9% Public Service 6% pfd . .. 59 Public Service 7% .. 67% 67 67% Southern Union Gas .. . 1% Swift & Cos 17% 16% 17% Sw’ift Internacional ... 29% Thompson JR 8% Utah Radio ... 1% Viking Pump ... 4% Vortex Cup Cos 10% 10% 10% Vortex Cup Cos A 26% 26% 26% Walgreen Cos com 27% 27% 27% Wayne Pump pfd . -3% Wieboldt Stores 17% 17 17% Zenith Radio ... 3%

U. S. RETAIL SALES SHOW IMPROVEMENT Industrial Wage Increases Create Confidence. (Copyright. 1934. by the United Press) NEW YORK, April 6.—The American housewife who spent sparingly during the depression, apparently is loosening her purse strings more than at any time since the economic stress set in. A United Press survey of the retail trade in a number of the nation’s largest cities revealed not only a pronounced jump in sales in recent months but a spirit of optimism among business men generally. The increase in retail sales, which began to be noticeable around the Christmas holidays became even more marked coincident with the recent general increases in manufacturing pay rolls and factory employment, as revealed by the department of commerce. “The recent announcement of wage increases in the automobile, steel and other industries has made the average American workingman more confident that things are improving and so his wife is not only spending more from his weekly earnings but is even dipping into the savings they had put aside to weather the depression, one department store executive told the United Press.

Other Livestock By United Press FT. WAYNE. April 6.—Hogs—Steady; 250-300 lbs., $4.25; 22C-250 lbs., $4.15; 180200 lbs., $4; 160-180 lbs., $3 90; 300-350 lbs.. $3.80; 150-160 lbs.. $3.40; 140-150 lbs., $3.15: 130-140 lbs., $3; 120-130 lbs.. $2.50; 100-120 lbs., $2. roughs. S3; stags. $1.75. Cales, $6; lambs, $8.o0(&8.75. KANSAS CITY. April 6.—Hogs—Reuneven. mostly steady to 10c lower than ceipts. 2.000; including 240 directs; slow, Thursday's average; top $3.95 on choice lbs.. s3@3 L 65; light weights. 110 to 209 lbs.. $3.50®:3.95: medium weights. 200 to 250 lbs., $3.80W3.95: heavy weights, 250 to 350 lbs.. $3.70®3.90; packing sows. $2.25® 3.35. Cattle — 700; calves. 200; mostly a cleanup trade: fully steady on few' .killing cattle offered; Stockers and feeders unchanged; no godo to choice fed steers or yearlings offered; steers, good and choice. 550 to 1.500 lbs., $5.35®7.15; steers, common an dmedium. 53.75®5.75; heifers, good and choice, 550 to 900 lbs.. $6; cows, $2.35® 4.50: vealers. $3.50® 6; stockers and feeders. $4.25® 5.75. SheepReceipts. 2.000; fed lambs strong: no sheep or spring lambs offered; best fed lambs on sales. $8.65. CINCINNATI, April 6.—Hogs—Receipts. 4.000; including 727 direct and through; most sales 180-SOO lbs., 5c lower at $440; few' weightier butchers around $4.25; better 160-180 lbs s4® 4.35; 130-150 lbs., mainly $3.25® 3.75; packing sows, steady, mostly $3; better lighter weights occasionally $3.25. Cattle—Receipts. 250: calves. receipts. 400; slow. generally steady; cows, steady to weak; steers and heifers, common and medium, at $4.50® 5.50: few $6; bulk fat cows, 53®3.75: good to choice vealers, scarce. 50c higher at $5.50® 6.50: plainer calves, steadv to weak, mostly $4.50 down. Sheep—Receipts. 200; direct and through 116; generally steadv; better shorn lambs, mostly from s7®B; fat ewes. $2®'3.50; odd lots springers, onlv hand pulled all told. $11.75 down to $9 pr below. TOLEDO. April 6.—Hogs—Receipts. 150; market, steady. Cattle—Receipts, light; market, steady. Calves—Receipts, light: market.soc lower: choice to extra. $6.50. Sheep and lambs—Receipts, light; market, steady. By 7'imc* Special LOUISVILLE. April 6 —Cattle—Receipts. 100; supply very light: quality plain; market. slow: about steadv; bulk common to medium steers and heifers. $3.75® 4.75; better finished kinds rrrostiv ss® 5.75: bulk beef cows. *2.50 <1 3.25: practical top. $3.50: low cutters and cutters. $1.25®2.25; sausage bulls mostly $3.50 down: common to medium stockers and feeders s3® 4: wellbred Hereford stockers quotable mostly ss® 5.25. Calves—Receipts. 300: steadv: bulk better vealers. s4®s: medium and lower grades, $3.50 down. Hogs—Receipts. 550: market, 5c lower; 170-240 lbs . $4.15; 245-270 lbs. $3.80: 275 lbs. up. $345; 145165 lbs.. $3 30: 120-140 lbs.. $1.95: sows. $2 20. Sheep—Receipts. 25: steady; medium to good wooled lambs. S7® 8: choice kinds eligible to $8 50: common light throwouts. $5: fat wooled ewes. 52.50®3.

Marriage Licenses Elmer Cook. 35. of 329 West New York street, porter, and Mary Alice Carpenter. 21. of 329 West New York street, housewife. Russell E Tucker. 31. of 1156 Dawson street, bank teller, and Dorothy Terrell. 21. of 3048 College avenue, bookkeeper. Thomas J. Keller. 28. of 1214 East New York street, bank reUer, and Vera Jane Jones. 25. of 820 North La Salle street, cashier. John N Calderhead. 54 3353 Kenwood avenue, and Bertha S Miller. 50. of 3533 North Illinois street, clerical work. Charles G. Lewis, 24, of 3024 Kenwood avenue, bank teller, and Rosemarv Cutter. 24. of 1255 Hiatt street, stenographer. Fred Weidman, 43. 1278% English avenue, butcher and Bessie E. Menelee. 28. of 919 Division street, housework. Virgil L. Ferrell. 46. 311 Douglass street, laborer, and Mary Gray. 50, of 311 Douglas street, housework. Thomas R. Pollard, 40. of 544 North Belmont street, laborer, and Thelma H. White, 27. of 20 North Oriental street, housework. Arthur Bush. 44. of 265 East Walker street, wood worker, and Cora Smiley. 39. city, housekeeper NEW YORK RAW SUGAR FUTURES —April 6 High. Low Close January 1.61 1 60 1.61 March 1 67 1 65 1.66 Mav 145 141 141 July 1 52 148 149 September 1.54 1.53 1.54 December 1.62 1.59 1.59 The game of chess is taught in the public schools of Strobeck, Germany; chlidren carry their chessboards to -and from school like books.

THE INDIANAPOLIS TLVIES

GOOD BUSINESS PROSPECTS AID RAILROAD LIST Utility and Packing Issues Rally From Initial Weakness.

Average Stock Prices

Average of thirty industrials for Thursday: High 104.09. low 102.47, close 103.37, up .18. Average of twenty rails: 49.08, 48.40. 48.79. off 02. Average of twenty utilities: 26.83, 25.56, 26.23. up .40. Average of forty bonds: 93.75. up .41. Average of ten first rails: 99.16.nrp .17. Average of ten second rails: 83.09. up .64. Average of ten utilities: 96.75, up .33. Average of ten industrials: 96.02, up .50. BY ELMER C- YVALZER United Press Financial Editor NEW YORK, April 7.—A firm tone developed on the Stock Exchange yesterday, after early irregularity, but volume continued to dwindle. Special issues made the best gains, although there was god demand for several railroad issues, notably the Van Sweringen section. Some of the railroad equipments firmed on prospects of better business. Motors were steady to firm. Utilities rallied from an early decline. Packing issues were strong all day. Mining shares improved as did tobaccos. Several of the oils advanced. Speculation Halted Speculation in some of the recent favorites was halted when the Stock Exchange launched an investigation into fifteen issues that had behaved as if they were under manipulation. Most of these issues eased moderately in the morning, turned dull and held steady later in the day. Commodities did practically nothing, while bonds were mixed, with speculative issues higher and United States issues down slightly. Cotton dipped a few points and then rallied. Silver also was steady. Silk broke a cent or so. Among the better gainers in the stock market were the Alleghany Corporation issues. Chesapeake Corporation, and Chesapeake & Ohio in the rails; the Armour issues in the packing group; American Agricultural Chemical of Delaware in the fertilizer group; Spiegel, May, Stern in the mercantiles; Pullman in the rail equipments; Liggett & Myers-B and Bayuk cigar in the tobaccos, and Noranda in the gold miners. Gains in the foregoing ranged from a point to more than 3 points. Leading issues including United States Steel, Westinghouse Electric, General Electric and American Telephone moved in a fractional area. American Can was a late feature, rising more than a point. The feature of the day’s business news was the improvement in sales reported by mercantile companies. Montgomery Ward in March had sales 62.6 per cent above March 1933. Mail Order Sales Up Its mail order sales segregated from the total were up 94.7 per cent. Spiegel, May, Stern March sales were up 188.1 per cent from 1933. Dun & Bradstreet reported retail trade the fastest in four years. Stock sales yesterday were 1.010.000 shares, against 1,420.000 shares on Thursday. Curb sales were 255.000 shares against 394,000. Dow Jones preliminary closing averages showed industrial, up 0.58. railroad 49.20, up 0.21, utility 26.14, off 0.09.

Bank Clearings

INDIANAPOLIS STATEMENT. —April 6 Clearings $1,996,000.00 Debits 5.180,000.00 STATEMENT Bff United Press WASHINGTON. April 6.—Government expenses and receipts of the current fiscal year to April 4. compared with the corresponding period of the previous fiscal year: This year Last year Expenses $4,967,705,250.62 $3.820485.768.59 Receipts. $2,338,660,668.24 $1,539,631,675.28 Deficit... $3,629,044,582.38 $2,280,854,093.31 Cash balance $4,738,223,634.82 New York Curb (By Abbott. Hoppin & Cos.) —April 6 Closet Close. Allied Mills . 8 (Gulf Oil of Pa 67 Alum Cos of Am 76% Hiram Walker . 45 Am Beverage . 2% Hud Bay Min... 13% Am Cyanide B 20% Humble Oil ... 44% Am & F Pr Wa 6% Imperial Oil Ltd 14' 3 Am Gas & El 25%ilnt Petrol 24% Am Superpower 3% Lake Shore Min 53% Asso Gas & El I%'Natl Bellas Hess 4 Atlas Corp . 12% Newrnont Min. . 54 Can Ind Acl A 15% Nia Hud Pwr .. 6% Can Marc ... 3 'Novadel Agene. 61% Corp .. 8% Pan Am Airway 39% Cities Serv 3 Park Davis .... 24% Con Gas of Bal 59 Penn Road . 3% Cord Corp 7 St Regis Paper 3% Creole Petrol 11% Sal Crk Prod .. 7% Crown Crk Inti 7% Sherwin Wms. . 65 Deere &Cos . 29 Std of Ind 27% Distillers Lim . 23% Std of Kv . ... 17% Distillers Corp 19%, Technicolor Ind 8 El Bnd &Sh . . 17% Teck Hughes Go 7% Fisk Rubber . 18 Un Gas . . 2% Ford of Can A 24% Un Pr & Lt A 3% Ford of Europe 7 iWri Harg Min . 9% Glen Alden Coa 16%!

Foreign Exchange

(By Abbott, Hoppin & Cos.) Close. April 6 Sterling. England $5.16 Franc. France 0660% Lira. Italv 0860% Beigios. Belgium 2339 Mark, Germany 3976 Guilder. Holland 6767 Peseta, Spain 1367% Krone. Norway 2597 Krone. Denmark 2307 Ye. Japan 3032

Investment Trust Shares

(By Abbott. Hoppin & Cos.) -~-Apnl 6. Bid. Ask. Am Bank Stocks Corp 1.18 1 22 Am & Gen Sec A 5.00 7.00 Am & Inv Tr Sh 1.50 Basic Industry Shares 3.49 .... British Type Inv. Tr. Sh 50 .62 Collateral Trustee Shares* A 487 5.00 Corporate Trust Shares iold( 2.16 2.20 Corporate Trust Shares .'new i 2 44 247 Cumulative Trust Shares 422 430 Diversified Trust Shares A . 625 Diversified Trust Shares B . 812 837 Diversified Trust Shares C .. 325 330 Diversified Trust Shares D • 495 510 First Insurance Stock Corp 1.31 136 First Common Stock Corp .84 .87 Fixe Trust Oil Shares A 875 .... First Trust Oil Shares .B 7.62 Incorporators Investments. 18 75 19.00 Land Bank Bond Shares 1.10 122 Low Priced Trust Shares 6 50 675 Mass Inv Trust Shares .19.30 20.98 Nation Wide Securities . 3.50 3.60 North Am Trust Shares (53 ( 1.91 North Ar Trust Shares <55-56* 2 45 2 50 North Am Trust Shares 1 58 • • 2.55 260 Selected American Shares 1.28 1.33 Selected American Shares Inc 280 Selected Cumulative Shares .. 7.00 Selected Income Shares 3.60 400 Std American Trust Shares A 3 09 3.14 Trust Shares of America .... 2.92 3 00 Trustee Std Oil A 5.75 5.90 Trustee Std Oil B 5.25 5.37 0 S Elec Lt & Pwr £ 12.75 13.00 Uuoivertal Trust Shares ..... 3.14 3-20

—New York Stocks — — ißt Abbott. Hoppln & Cos.) ——————————————

—April 6 Prev. Oils — High. Low. Close, close. Amerada 53% 52% 53 53% Atl Rfg 30% 30% 30% 30% Barnsdail 9% 8% 9% 8% Consol Oil 12% 12% 12% 12 s Cont of Del ... 20% 20 20% 20% Houston mew).. 5% 5% 5% 5% Houston (old).. 28% 27 2i% 25 ■* Indian Rfg ... 4% 3% 3% 4% Mid Cont Pet .. 14 13-a 14 14 Ohio Ohio 14% 13% 13% 14% Pet Corp • 12% J 2% Phillips Pet .... 20 19% 20 19% Plymouth Oil .. 14% 14 14% 14% Pure Oil 13% 12% 13 i?. B Royal Dutch ... ■ 36‘s Sba Oil 37% 36% 37% 37% Shell Un 10 9% 9% 10 Skelley Oil 10% 10% 10% 10% Soc Vac 17 16% 16% 17 SO of Cal 38% 37% 38% 37% S O of Kan 37 37 SOof N J 46% 45% 46% 46 Sun Oil 61% 60% 61% Texas Corp ■ 27% 27% 27% 2i% Tidewater Assn. 12 11% 12 12 Un Oil of Cal .. 18% 18 18% 18% Steels — _ Am Roll Mills 23% 23% 23% 23% Beth Steel" 42% 42% 42% 42 4 Bvers AM ... 27 • ■ Col Fuel & Iron. 6% 6% Cruc Steel 32% 32% 32% 32 Inland Steel ... 44% 44% 44% 44% Ludlum Steel •. • 16% 17 McKeesport Tin. 90 89% 89% 89% Mid Steel 18 17% Natl Stell 48% 46% Otis Steel . 6% 6% Rep Iron & Steel 22% 21% 22% 21% Rep Ir & Stl pfd 60% 59% 60 59 U S Pipe & Fdy. 28% 28 28 27% U S Steel 52 51% 51% 51% U S Steel pfd .. 91% 91 91 % 92 Warren Bros ... . 11 11 Ygs S& T 28% 27% 28% 28 Motors— Auburn 53% 52% 53 53% Chrysler 54% 53% 54% 54% Geri Motors .... 38% 38% 38% 38% Gen Mot pfd ... . 99% 100 Graham Mot ... 3% 3% 3% 3% Hudson 21% 21 21 21% Hupp 5% 5% 5% o% Mack Truck 33% 32% 33% 34 Nash 26% 26% 26% 26% Packard 5% 5% 5% 5% Reo 4% 4% 4% .. Studebaker 7% 7% 7% 7% Yellow Trk 6% 6 6 6% Motor Access— Bendix 19% 19% 19% 19% Bohn Alum 63% 63 63% 63% Bore Warner ... 25% 24% 25% 25% Briggs 16% 16% 16% 16% Buoa Wheel .... . 3% 3% Eaton Mfg 20% 20 20 % 20 Elec Auto Lite .. 29 28% 28% 28% Houdaille A .... 5% 5% 5% 5% Mullins Mfg .... 13% 13% 13% 13% Mullins Mfg pfd 31% 32 Murray Body ... 9% 9% 9% 9% Stew Warner . 8% 9Vs Timken Roll .... 35% 34% 34% 35% Timken Det A .. 7% 7 7 7 Mining— Alaska Jun 21% 21 Vi 21% 21% Am etals 25% 25 25% 25% Am Smelt 44% 44 44% 44% Anaconda 16% 16% 16% 16V4 Cal & Hecla .... 5% 5% 5% 5% Cerro de Pasco . 36% 36% 36% 37 Dome Mines .... 39% 38% 39% 39 Granby 12 11% 12 11% Gt Nor Ore 14% 14 14 14% Homestake M .. . 378 Howe Sound .... 51% 50% 51% 51% Ins Copper 6 5% 6 5% Int Nickel 28 27% 28 27% Kennecott Cop . 21% 20% 21% 21% Mclntyre Min .. 48% 47% 48 47% Noranda Cop ... 42% 41% 42% 41% Park Utah 5% 5% 5% 5% Phelps Dodge .. 17% 17% 17% 17% St Joe Lead .... 23% 23% 23% 23% U S Smelt 128% 127% 128 129 Vanadium 27 26% 27 27 Amusements— Fox Thea 15% 15% 15% 16 Loews Inc 34% 33% 33% 33% Radio Corp 7% 7% 7% 7% R K O 3% 3Vi 3% 3% Warner Bros ... 7% 7% 7% 7% Tobaccos— Am Snuff 56% 56 56% 56 Am Sum Tob 19% Am Tob A . 69'/2 69 Am Tob B 72% 70% 72 70 Vi Gen Cigars • 33 Lig & Myers B. .92 90% 92 90% Lorillard . 17% 17% 17% 17% Reynolds Tob B 42% 41% 42% 41%

On Commission Row

—April 6 Fruits Apples—New York Baldwins, fancy. $1.60 @1.75; fancy Staymans. $2.25; fancy Winesaps. $2.50. Oranges—California Sunkist. $3.25@4; Floridas. [email protected]. Lemons—Sunkist. $5.50: Red Ball. $5. Grapefruit—Arizona seedless 80s. $2.75® 3: Florida. $3.25. Strawberries—Florida. Dint. 16c: 36-nt. crate. $5.40; Louisiana, 24-pt. crate, $3.50. Melons—Argentina Honeydew's $2.75. Pears—Calavos. $3.50 per box. Bananas—Per pound. 5 cents. Vegetables Cabbage—New Texas. $1.25 per halfcrate: Florida red. $3.25 per hamper. Celery—Florida. [email protected] a crate: mammoth bunch 75c: medium bunch. 45c: hearts, dozen bunch. $1.35. Onions—lndiana vellow. 50-lb. bag. $1.35: red. $1.15: Idaho. Spanish. $1.35. Potatoes —Northern round white. 100-lb. bag. $2: Red River Ohios. $2.20: Maine Green Mountain $2.50: Colorado McClures. $2.25: Idaho Russets. $2.25: Wyoming Triumphs. 50-lb. bag, $1.15: New Florida Triumphs. $2.15. 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. Beets—New Texas. 3 dozen crate. $2; bulk per bushel. $1.50. Carrots—California 6 dozen crate. $2.75: bulk new'. $140: bulk old. $1.75. Cauliflower —California. $2.35. Cucumbers—Hot house per dozen. $1.25. Lettuce—Hot house. 10-lb. basket. 65c: Iceberg best. [email protected] a crate. Peas—2 B-lb. hamper. $2.25. Radishes—Hot house buttons. 60c a. dozen; long white. 50c per dozen. Rhubarb—Hot house. 60c a bunch. Spinach—New' Texas, $1 per bushel. Tomatoes—Repacked. 10 - lb. carton, $1.25: selected, cellophane wrapped $1.50: original Florida. 20-lb. lug. $2.50.

Produce Markets

Delivered In Indianapolis Prices—Hens. 11c, Leghorn hens, Sc, Leghorn spring-er-stags, 6c; large springer-stags. 9c; cocks 5 lbs. and over 6c; under 5 lbs., 4c; ducks, full feathered and fat, 4*2 lbs. and over 7c: geese, sc; young guineas, I' 2 to 3 lbs.. 30c; old guineas. 20c. No. 1 strictlv fresh country run eggs, loss off 13c each full case must weigh 5 lbs. gross; a deduction of 10c a opund for each pound under 55 lbs. will be made. Butter—No. 1, 26c. No. 2 23@24c: butterfat. 21c.— Quoted bv Wadley. By United Press NEW YORK, April 6.—Potatoes—Steady; Long Island, $1,104/2.25 bbl.: southern, s3.2a® 5 bbl.: Maine. $1.10®3.9C bbl.; Idaho, $2.20© 2.25 sack: Bermuda. $3.50® 6.50 bbl.; Canada, $1.75® 2.10 bbl. Sweet Potatoes—Steady; Jersey, basket, 40c@ $1.90; southern, basket, [email protected]. Flour — Steady: springs, patents. $6.36® 6.50 bbl. Dressed poultry—Firm: turkeys, 18®25*2c; chickens. 9® 28c; broilers, 14® 29c: capons 20®23c; fowls, 13® 18c; Long Island ducks, 13® 18c. Live Poultry—Firm; geese, 7®9c; turkeys, 20®25c: roosters, 10c: ducks, 8® 14c; fowls. 15® 16c: chickens, 10 ©l2c; capons, 22c; broilers, 12® 27c. Cheese —Easy; state whole milk fancy to specials, 18® 19c. Butter—Receipts. 10.108 pkgs.: market easy; creamery, higher than extras, 24® 24 3 4 c; extra, 92 score. 23' 2 ® 23 3 4c: first 90-81 score. 23’4®23’2C; first, 89 score, 23c: centralized, 90 score, 23' 4 ® 23' 2 c; centralized. 89 score, 23c. Eggs— Receipts, 18,043 cases: market barely steady; special packs, including unusual hennery selections. 19®20c; standards. 18 ®lß’2c; firsts, 16' 4 ® 16 3 4 c: seconds, 15'2® 16cj mediums. 15 ! 2® 15 3 4 c: dirties, 15' 2 ® 15 3 4 c; checks, 15c; storage packs. 17' 4 © 17>2C. CHICAGO. ApriL 6.—Eggs Market, weak: receipts, 32,951 cases: extra firsts, 16c; fresh graded firsts, 15Vzc; current receipts. 14 3 4 c: dirties, 13'2C: checks. 13c. Butter —Market, weak: receipts, 8.512 tubs; extra firsts (90-91' 2 score), 21 3 4 c; firsts 188-89’2 scorei. 21@21’ 2 c; firsts iBB-89' 2 scorei. 21®21>2c: seconds '86®87'2 scorei. 20>2C; extras 192 scorei. 22c; specials. 22’ 4 @23c; standards, 22c. Poultry—Market about steady: receipts, 15 trucks, 2 cars due; heavy hens. 13c; ducks. 18c; old roosters. 9c: springs, 19c: colored and White Rock broilers. 22 : 2 c; geese, 11c; turkevs. 18®20c: Plymouth Rock broilers. 25c: Leghorn broilers. 22c; barebacks. 19c; capons, 20c. Cheese—Twins, 12' 4 ®12’2c; Longhorns. 13®13’ 4 c; daisies, 12 3 4 ®13c. Potatoes —Old stock: supply liberal; demand and trading slow: market weak on Russets and about steady on others; Wisconsin Round Whites 1 car. $1.60: Minnesota and North Dakota Red River section—Earlv Ohios 3 cars 51.50; 1 car. *1.55: cobblers. 1 car, $1.60: Idaho Russets 5 cars. $1.65: 1 car $1.67 ! 2; 3 cars $1.70; U. S No. 2's 2 cars 51.50; 1 car. $1.45; Washington Russets 1 car. 51.50: 1 car combination grade $1.50: Minnesota partly graded Round Whites. 1 car. $1 35; 1 car, $1.30 New stock—supply moderate; demand and trading; about steady; Texas 100-lb. sacks Bliss Triumphs, $2 90©3 20. Shipments. 804: arivals. 53; on track. 299. CLEVELAND, April 6—Butter market, weak; extra. 26c: standards. 26c. Eggs— Market, weak; extra white, 15'2C; current receipts. 15c. Poultry market barely steaav: colored fowl medium. 16c: Leghorn fowl heavy. 13® 14c: broilers colored fancy, 27®28c: springers smooth, 16c: stags, 12c: ducks voung. 5 lbs. and up. 18c: old roosters. 10c. Potatoes—Michigan mostly around 52.25. few higher. Idaho mostly. $2 10/2 15: very few higher: New York and Ohio mostly $1.85® 190. CINCINNATI April 6.—Butter—Packing stock No. 2. 17c; butterfat. 21c Eggs— Easy: extra firsts 15c: seconds 13c; nearby ungraded. 14' 2 c: goose. 25c: ducks. 14c Live poultry—Fowls. 5 lbs. and over. 13c: 4 lbs. and over, 13’ 4 c; 3 lbs. and over. 13’2c: Leghorns 3 lbs. and over. 13c: roosters. 9c: 1934 colored broilers. I’2 lbs and over. 25c: 2 lbs. and over. 25c; 1934 Leghorn broilers. I' 2 lbs. and over. 23c: 2 Tbs. and over. 22c: capons, 8 lbs. and over, 25c; under 8 lbs.. 20c; ducks, white, 4 lbs. and over, 12c; under 4 lbs., 11c; colored, 4 lbs. and over. 11c; under 4 lbs,, 10c; guineas, old. 13c; No. 1 turkeys, young hens, 8 lbs. and over, and young toms. 10-15 lbs., 20c; young toms. l's lbs. and over. 20c; No. 1 old tores, lac.

Rails— Atchison 67% 66 67% 66% Ati Coast L .... • 47% 48 B& O 29% 29 29% 29% Can Pac 17 16% 17 17 Ch & Ohio 46% 45% 46% 46 Chi & Gt W 4% Chi & Gt W pfd. 11% C M & St P ... • 6% 6% CM& St P pfd. 11 10% 10% 10% Chi N W 13% 13% 13% 13% Dela & Hud .... 66 65 66 65 a Del L& W 28% 27% 28% 28% Erie 22 21% 21% 22 Erie pfd •• • 26 26% Grt Northern pf 28% 28 28% 28 111 Central 32% 31% 32% 32 Lehigh Valley ... . 18% 18% Lou & Nash .... 58 57% 58 58 M K & T 12 12 MK & T pfd .. 27 26% 26% 27 Mo Pad Mo Pac pfd 8 8% N Y Cent 36% 35% 36% 35% N Y Chi & St L 21% NYC&St Lpf 32*4 31 32% 31% N Y New Haven 19 18% 19 19 N Y Ont & West 9% ... Norfolk & Wes .177 175% 177 Nor Pac 33% 32% 33% 32% Penn R R 35% 34% 35% 34% Reading • 49% Sou Pac 28 1 a 27 '4 28'-a 28 Sou R R 32 1 2 31% 32% 32 % Sou R R pfd ... 37% 36% 37% 36% Union Pac .132% 129% 132 129% West Maryland 15% 15 15% 15% Equipments— Allis Chalmers . 19% 19 19% 19% Am Brake Shoe. ... 33 33 Am Car & Fdy. 28 27% 28 28% Am Loco 34 33% 34 33% Am Loco pfd 68 Am Mach & Fdy 16% 16% 16% 16% Am Steel Fdy... 22 21% 21% 22 Bald Loco 14% 14 14% 14% Bald Loco pfd.. 55 54% 55 54% Burroughs 15% 15% 15% 15% Case J I 72% 71% 71% 71% Cater Tract 32% 31% 32% 32% Deere & Cos 29 % 29 29 29 Elec Stor Bat... 47 46 47 47% Foster Wheeler 19-a Gen Am Tank C 40% 40% 40% 40*2 Gen Elec 22% 22% 22% 22% Gen R R Sig... 43 42% 43 43 ingsol Rand .... . 67 67 Int Bus Mach . 134 % Int Harvester 42 41% 41% 41 1 2 Natl cash Reg . . 19% 19 19% 19V4 Puhman Inc ... 56% 55% 56% 55 Rem Rand 12- 12% 12% 12% Und Elliot 45 West Air B 32 31% 31% 31 Westingh Elec . 38V4 37% 38% 38% Worfhing n Pmp 26 Utilities— Am & For Pwr.. 10'i 10 10V4 10% Am Pow & Lit... 9% 8% 8% ST AT&T 120 119% 120 119% Am Wat Wks... 21% 20% 21 Vs 21% Brook Un Gas.. 69% 69 69 69% Col Gas & Elec.. 15% 15% 15% 15.% Col G & E pfd 73 73 Com & Sou .... 2% 2% 2% 2% Consol Gas 38% 37% 38 38% Elec Pwr & Lit. 7% 6% 7%- 7% E. P& L pfd.. 13% 13% 13% 14 Int Hydro Elec.. 7Vi 7% 7% 7% Int TANARUS& T 13% 15 15 ’ 15% Lou G & E A .. 18% 18 18 18 Nat Pwr & Lit. 11% 11% 11% 11% North Amer ... 19% 18% 19 19% Pac G & E ... 20 20 Postal Tel pfd.. 25% 25% 25% 25% Peoples Gas 38% 39 Pub Serv N J... 38% 37% 38% 38% So Cal Edison... 19% 19 19% 19% Std Gas 12% 12% 12% 12% Std Gas p fd .. 12'% 12% 12% 12% Stone & Web.... 9% 9% 9% 9% United Corp 6% 6% 6% 6% Un Gas Imp .- . 16% 16% 16% 16% Ut Pw & Lit A. . ... 3% 4 Western Union 57% 56% 57 56% Rubbers— Firestone 21% 21% 21% 21% Goodrich 16% 16 16% 16% Goodyear 36% 35% 36% 35% Kelly Spring 3% 3% U S Ruober ... 20% 19% 20% 20 U S Rubber pfd 46% 44% 46% 44% Miscellaneous— Am Bank Note 19% 19% 19% 19% Am Can 103% 102 103% 102 Anchor Cap ... . 21 Brklyn Man Tr 31 31% Conti Can 80% 79‘A 80% 79% Crown Cork .. 29% 29 29 29% Curtis Pub .... 24% 24% Curtis Pub pfd. 69% 69% 69% 69% Eastman Kodak. 88% 87% 88% 88 Gillette 11 10% 10% 11 Gilden 26Vs 25 26% 25% Inter Rap Tr 9 9 Owens Bottle . 26 85% 86 85 Raybestos Mfg.. 21% 20% 21 20% Foods— Am Sugar .. 54)4 5414 Armour A 7% 7 7% 7Vs Beatrice Cream. 14% 14% 14% 15 Borden Prod ... 23% 23Vs 23% 23% Cal Packing .27 26% 26% 27% Canada D G Ale 27 27% Coca Cola ...114% 113'% 114% 113% Cont Bak "A" . 12% 12% 12% ... Corn Pro and ... 76 75 76 75% Crm of Wheat 32% 32% 32% 32 1 2 Cuban Am Sugar 7% 7% 7% 8 Gen Foods .... 34% 34 34% 34 Gold Dust ... 22% 21% 22% 21% G W Sugar .. 29% 29% 29% 29% Hershey . 54 55 Int Salt 39 28% 29 28% Loose Wiles ... 42 41 % 41% Natl Biscuit ..43 42 43 42% Natl D Prod .. 16 15% 16 16 Purity Bak 16% 16% S Porto Rico S 35 Vi 34% 35 % 34 % Spencer Kellog. . 22 Std Brands .... 22% 22% 22% 22% Un Biscuit . 25% 25 % United Fruit 70% 69 70 70Vs Wrigley . 61% 61 Ass Dry Goods . 15% 15% 15Vi 15% Retail Stores— Best & Cos 33 33 % First Natl Stores 64 63 Vi 63% 63% Gimbel Bros ... 5% 5 5 5% Gr Un Tea .. . 7 7 Hahn Dept Sts. 7% 7 7% 7Vs Jewel Tea 46 Kresge S S 20% 20% 20% 20% Kroger Groc ... 32% 31% 32Vs 32% Macy m H . .. 48 % 47% 48 48% Marshal! Fields 19% 18% 19% 19% May Dept St... *... 41V* 41% Mont Ward 32% 31% 32 31% Natl Tea . 17% 17 Safeway St 54Vs 53 Vi 53% 53% Penny J C . 66 66V4 Sears Roebuck . 49% _48% 48 49 Wooiworth 51% 51 Vs 51% 51% Aviation— Aviation Corp . 9 8% 8% 8% Curtiss Wright 4Vi 4% 4% 4% Curtiss Wright A 11% 11% 11% 11% Douglas Air 25 24% 24% 25 Nor Am Av 6% 6 6% 6% Speery Corp . ... 10% 10% 10% 10% United Aircraft.. 23% 23% 23 23Vi Wright Aero ... 59 58% 58% 58% Chemicals— Air Reduction.. 98% 98% Allied Chem .153 152 153 151% Am Com Alcohol 50 Col Carbon ... 69% 68% 69% 69% Com Solvents .. 29 28% 29 29 Du Pont 98% 97Vi 98 98 % Freeport Tex .. 46 45 46 45 Liquid Carb .... 29 28% Math Alkali .. 35% 34% 35% 35% Montosonta Ch. 94% 94% 94% 94% Natl Dis inew).. 29Vs 28% 29 28% Schenelev Dist . 38 36% 38 36% Tex Gulf Sulph 38Vi 37% 38% 37% Union Carbide 46 44% 45% 44% U S Ind Alcohol 52% 51 % 52% 52 % Drugs— Coty Inc . 7% 7Vi Lambert 26% 26% 26% 27 Lehn & Fink... . 20 20 Un Drug 15% 15% 15% 15% Zonite Prod 7% 7Vs 7% 7Vs Financial— Adams Exp . . 10 9% 10 9% Allegheny Corp 3‘/a 3Vs 3% " 3Vi Am Int Corp ... . • . 9 Chesa Corp .... 46% 43% 46 44 Lehman Corp .. .. 73% 73% Transamerica .. 7 6% 7 6% Tr Conti Corp.. 5% 5% 5V4 5% Building— _ Am Radiator ... 15% 15 15Vi 15% Gen Asphalt ... 20 20 Int Cement .. 29 28% 29 28% Johns Manville 58% 57% 57% 57% Libby Owens Gls 38% 38 38% 38% Otis Elev 15% 15% Ts%# 16 Ulen Const 3%

U. S. Government Bonds

NEW YOTK, April 6.—Closing liberties. (Decimals represent 32nds.t LIBERTY 3%s (32-47i 103 24 Ist 4%5, (32-47) 103.26 4th 4Us (33-38) 103 12 TREASURY 4 Us. 3Us (45) 102.1 4Us 147-52) 110.27 3%s (43-47) 102.29 3\s (41-431. March 103.1 3%s (40-43), June 103.5 3%s f 411 102.30 3%S >46-49) 100.23 3s, (51-55) 99 14

Daily Price Index

By United Press NEW YORK. April 6.—Dun & Bradstreets daily weighted price index of thirty basic commodities compiled for the United Press' (1930-1932 average. 100) Today 107.77 Yesterday 107.65 Week ago Closed Month ago 108 96 Year ago 'April 7) 74 38 1934 High 'March 12) 110 24 1934 Low (Jan. 3) 101.05 (Copyright. 1934. Dun & Bradstreet. Inc.)

Federal Farm Loan Bonds

IBy Blyth & Cos.. Inc.) —April 6 Bid. Ask 45 Nov. 1. 1957—37 98% 99% 4s Mav 1. 1958—38 88% 99% 4%s July 1. 1956—36 99 100% 4%s Jari. 1. 1957—37 99 100% 4%s Mav 1. 1957—37 99 100% 4%s Nov. 1. 1958—38 99 100% 4%s Mav 1. 1942—32 100 101 4%s Jan. 1. 1943—33 100 101 4%s Jan. 1, 1953—33 100 101% 4%s Julv 1. 1953—33 100 101 % 4%S Jan. 1. 1955—35 100 101% 4%s July 1. 1955—35 100 101% 4%s Jari. 1. 1956—36 100 101% 4%S July 1. 1953—33 100% 101% 4%s Jan. 1, 1954—34 100% 101% 4%s July 1. 1954—34 100% 101% 5s May 1. 1941—31 101 % 102% 5s Nov. 1. 1941—31 101% 102% Home Loan 4s. July 1. 1951 100% 100% Federal Farm Mortgage Corporation 4%s iUrg la. 1964—i* 101 101%

Household — Col Pal Peet .. 17% 16% 17 17% Congoleum 29 28% 28% 2TP? Kelvinator 19% 19% 19% 20% Mohawk Carpet Proc & Gamble 36% 35% 36 36% Simmons Bed .. 21% 21% 21% 21% Textiles— Amer Woolen .. 14% 14% 14% 14% Belding Hem ... 13% 13% 13% 13% Celanese Corp .. 37 36% 36% 36% Collins Aikman . 24% 24% 24% 24% Gotham Hose.. 10% 10 1 a 10% 10% Indus Rayon ... 81% 80% 81% 81% Kayser Julius.. . 17 17> Real Silk 10% 10% 10% 11%

Bright Spots

IBy Abbott. Hoppin & Cos.) Interborough Rapid Transit Company reports February deficit was $244,252 after taxes, interest and other charges, against $l9B 652 in February. 1933. Columbia Gas and Electric Company declares the regular quarterly dividend of 12% cent* a share on the common stock. Phillip-Jones declares the regular quarterly dividend of $1.75 a share on the preferred stock. United Gas and Improvement Company and subsidiaries in 1933 earned $1 23 a share on the common stock against $1.36 a share in 1932. Puget Sound Power and Light company report for twelve months ended Feb. 28 shows a net income of $714,440 after charges, against $2,294,816 in the previous twelve months. Engineers Publishing Service and constituent companies report for twelve months ended Feb. 28 shows earnings of $2.58 a share on the combined $5 preferred and the $6 preferred stocks, against 78 cents a common share after preferred dividend payments in the previous twelve months.

M'NUTT DENIES LIQUORRUMORS Governor ‘Cracks Down’ on Stories Insiders Are in Control. BY DANIEL M. KIDNEY Times Staff Writer Indiana’s liquor control law has been in effect, so far as beer is concerned, one year today. For the first time, Governor Paul V. McNutt has taken some official notice of the many stories about the business being run by “insiders” close to the administration. That the Governor did so was not made public, however, for he went into the matter at the executive session of the state liquor control commission last Wednesday. A delegation of Indiana hotel men was present, but newspaper men were barred. It was in addressing the hotel men that the Governor “cracked down” on one of the stories going the rounds since the 1933 legislature. At that session, completely dominated by Governor McNutt and operated by legislators later rewarded with admiilistrative posts, bills were drafted at the Indianapolis Athletic Club by a group which became known as the “Boy Scouts.” They were close to McNutt and prepared and pushed through the administration measures. Included on the list, in addition to the legislators, were Virgil M. (Skits) Simmons, now state conservation commissioner; Bowman Elder and Attorneys Frank McHale and Robert Batton. The latter was appointed chairman of the state commmlssion on financial institutions. “I want to know if you have ever been told that you should have a certain attorney to represent you hotel men if you wanted to get places with the administration?” Governor McNutt is said to have asked the delegation generally and Alfred Thornburg, Marion, in particular. All said that they had not, but Mr. Thornburg then went on to say that while the beer bill was being drafted, Mr. Batton, also of Marion, advised him that it “might be well to employ counsel to represent your interest.” He denied that Mr. McHale, or any other attorney’s name was suggested, the Governor reported in relating the affair today. Two of the ten importers and eight of the twenty-two breweries have thus far paid their $2,500 license fee for the year which starts tomorrow.

HATING SCHOOL BOYiNDS LIFE Ben Davis Youth, 16, Hangs Himself; Funeral Plans Arranged. Funeral services for Clayton Geisendorff, 16-year-old Ben Davis high school student, who committed suicide Wednesday night because he “couldn't stand school,” were to be held at 2 today at the home. The body, which was sent to the morgue when it was found hanging from a strap in a vacant house at 6332 Dunway street yesterday, was released to William D. Beanblossom, funeral director. EVELYITBARTLEfrTO FEATURE ART EXHIBIT Display Program for Week Is Announced oy Herron Institute. Exhibits at the John Herron Art institute next week will include paintings by Evelyn Bartlett, water colors by Eliot O’Hara, paintings by Harry Engel and paintings oy Oakley Richey. The opening view of the Bartlett paintings will be held at 3 tomorrow afternoon. Blanche Stillson will lecture on Monday on “American Colonial Style” and Wednesday on “Empire.” Henrik M. Mayer will discuss “Rubens” Tuesday and “Van Dyke” on Thursday. RAIL OFFICIAL TO TALK Car Company Manager to Explain New Traffic System. The new system of traffic will be discussed by James P. Tretton, general manager of the Indianapolis Syeet Railways Company, at the meeting of the Brookside Civic League, Monday night in the Brookside Community house. Following Mr. Tretton’s speech, pupils of Ruth Ann Kirsting will give a program of rianr.es

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GRAINS CLOSE IRREGULAR IN WEAKSESSION Good Rains Reported From Parts of Oklahoma and Kansas. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. April 7.—There mas no spirit either to buying or selling on the Board of Trade yesterday, and prices drifted aimlessly in an extremely dull session. At the close wheat was unchanged to % cent lower, corn was unchanged to % cent higher, and oats were ] s cent higher. The bulk of the business in May wheat was around 86% cents. Routine news fell flat as far as effect on the market was concerned and the aggregate turnover was light. Good rains were reported from parts of Oklahoma and Kansas, but apparently did not extend to the western part of the latter state. Reports from the international wheat .conference at Rome attracted little 1 attention although it was estynated the world's carryover on Aug. 1 this year would be around 1.100.000.000 bushels or the same as the previous year. A feature of the corn market was the charter for 350,000 bushels for shipment to Buffalo at the opening of the lake navigation, the first busi- ! ness to be reported this year. This i had no effect on futures, however, j and corn held dull and uninterestj ing with wheat. Provisions mainI tained a higher average with a better tone in the local hog market. Chicago Primary Receipts —April 6 Bushels Todav Last Week. Wheat 388.000 Holiday Corn 185.000 Holiday Oats 100.000 Holiday Chicago Futures Range —April 6 I WHEAT— Prev. j Open. High. Low. Close, close. May... .86% .86% 86% .86% 86% July .. .86% 86% .86 .86% .86% ' Se &RN- B<rfl 87 ’“ 865 ‘ P * I May... .48% .48% .48% ,48% .48% I July... .50% .50% .50% .50% .50% Sept. .52% .53 52% .52% .52% OATS— 4 May... .32% .32% .32% .32% .32% July... .32% 33% .32% 33% .33% S Tye— 33 3318 33 33 ‘ 4 33 ’* May... .58% .60% 58% .60% .58% July... .60% .61% 60% .61% .60% Sept. .62 .63 '4 .62 .63 % .62 BARLEY— < May... .42% 42 1 2 .42% .42% .42% July .. .44 .44% .44 .44 % 44 Sept. .. .. 45 .45 LARD (Old) May 5.62 5.60 BELLIES told) May ... 7.35 735 BELLIES (new)— May 8.00 8.00 July 8.27 8.27 Se Pt 8 55 8 55 Lard mew) — May . 6.15 6 15 6 12 6.15 6 12 July.. 6.22 625 622 625 620 Sept 6.42 6.40 „ „ CHICAGO CASH GRAIN. J3j/ united Pri CHICAGO. April 6. —Cash grain—Wheat: Sample grade fed, 81c; No. 2 mixed smutty. 85%c; No. 3 mixed. 86%e. Corn*—No 3 mixed. 48c; No. 2 yellow, 48%c; Lake. 48c; No. 3 yellow. 47'®48c; No. 3 white, 48%c; sample grade white, 35c. Oats—No 2 white, 33%® 34c; Lake. 33%c; No 3 white 33%®34c; Lake. 32%c; No 4 white. 31%c; sample grade white. 31 %c. Rvc—No. 4, 57%c. Barley—76® 78c: quotablp, 43®80c. Timothy —*6 50® 7 Clover Seed—sll® 13. Cash Provisions—Lard. $6.07: loose. $6 07; leaf. $6.12. TOLEDO CASH GRAIN By United Prcun TOLEDO. April 6. —Grain close: (Grain in elevators, transit billingi. Wheat—No. ! 2 red. 91 %® 92%c. Corn No. 2 yellow. 52® ! 53c. Oats—No. 2 white, 37%®38%c. Rye—- | No. 2. 65%® 66%c. (Track prices. 28%c rate 1 . Wheat—No. 1 red. 87% , @88%c: No. I 2 red, 86%® 87%c. Corn.—No. 2 yellow 48® 48%c; No. 3 yellow. 47® 48c; No 4 j yellow. 46® 47c Oats— No. 2 white 34® 36c; No. 3 white, 33%®35%c (Toledo ' seed close 1 . Clover—Cash. $8.25; Alslke, ! cash. $8.50. , T ST. LOUIS CASH GRAIN By united Prrgg j ST. LOUIS. April 6.— Cash grain; Wheat—ln slow demand; steadv to %c lower on red and steady on hard grades; No. 2 red, 87%®88%c; No 2 red garlicky, 85c: No. 2 hard. 86%c. nominal. Corn—ln fair demand, unchanged; No 2 yellow. 48c; No 3 vellow. 48c: No. 5 yellow. 44 %c. Oats—ln fair demand, unchanged; No. 2 white. 35c.

Indianapolis Cash Grain

—April 6 The bids for car iots 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%®82%c; No. 2 red, 80%@81%c; No 2 hard. 80%@81%c. CORN—Steady; No. 3 w'hite, 42® 43c; No. 4 white. 41® 42c No 3 vellow. 41@ 42c; No. 4 yellow. 40® 41c; No. 3 mixed. 40@ 41c: No 4 mixed. 39® 40c. OATS—Steadv; No. 2 white. 29%@30%c; No. 3 white, 28%®29%c. —lnspections WHEAT—No. 1 red, 2 cars; No. 2 red, 1 car; No. 2 mixed. 2 cars: total. 5 cars. CORN—No. 2 white 1 car; No 2 vellow. 3 cars: No 3 yellow, 3 cars: No. 5 yellow, 1 car; No. S yellow, 1 car, No. 8 mixed. 1 car: total. 10 cars OATS—No. 2 white. 1 car; No 3 white, 4 cars; No. 4 white. 1 car; total. 6 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 79 cents for No. 2 soft red wneat. utner graces on their merits Births Girls Samuel and Bessie Neff. 3531 Boulevard Place. Lawrence and Mildred Coffee. 3143 Shriver. Albert and Lillian Beard. 3232 North niinois Frank and Ada Steel. 815 Lincoln. James and Ruth Smith 2736 North Sherman. Rex and Nellie Brown, 2313 Adams. John and Gladys Maxwell. St. Francis hospital. John and Christina Kohnie St. Francis hospital. Bov William and Eiteeri Apple. 434 South Keystone. Peter and Marie Dufek. St. Francis hospital. Charles and Pearle Cox. St Francis hospital Herbert and Loretta Grosdidler. St. Francis hospital Ronald and Bernice Larkin. St. Francis hospital. Deaths Harrv M Lynch. 46 Veterans hospital. pulmonary tuberculosis Edith Lee. 7. citv hospital anemia Blagoi Mitsoff. 25. 952 Arnolda. lobar pneumonia James Ryan. 34. 222 East W'abash. pulmonarv tuberculosis. George Fenwrick. 22 2528 Indianapolis, pulmonary tuberculoiss Ida Jackson, 60. 1136 North Millonrl, diabetes. Clara O. Weber. 72 610 W'est Thirtyfirst acu'e cardiac dilatation. Bessie Gilbert. 71. city hospital, uremls. Hattie A. Pierce, 54. city hospital, uremia William Clyde Springer. 4 Methodist hospital, brain absce.s, Shirley Ann Mille4. Riley hospital, lobar pneumonia Volara Britton 69. Central Indiana hospital. chronic myocarditis. Merle June Mullane. 5 Methodist hospital sroncho pneumonia. Thomas D Smith, 87. 712 North Alabama. chronic nephritis George Johnston 80. city hospital, chronic myocarditis. Charles Miller 63 424 North West, interstltial nephritis. Simon Altman. 51, Long hospital. ervsipelas. Nicholas Paiey. 44 138 West Market, pulmonary tuberculosis. Mary Elen Hunt, 66. 1257 South West, chronic myocarditis. Thomas L. Brandon. 79. 4238 Park, angina pectoris. Frank King. 57. 4250 cydiac dilatation. ) John H. Wright. 89, 3502 North IlUnlis. cerebral hemorrhage.