Indianapolis Times, Volume 45, Number 286, Indianapolis, Marion County, 10 April 1934 — Page 15

APRIL 10,1934

SETTLEMENT OF STRIKE BOOSTS MOTOR SHARES Steel Issues Firm on Rise in Operations; Other Groups Uneven.

Average Stock Prices

Average of thtrtv industrials for Monday; High. 104 07. lo*. 102 92 close 103.54, off .06. Average of twenty rails: 922 46 92. 49.00. off 22 Average of twenty utilities: 25 53 25 67, 25 72 off 23 Average of forty bond 94 21. up .15. Average of ten first rails 99 75, up .16. Average of ten serond rail' 33 52. up 16 Average of ten utilities: 57 22, up 17. Average of ten industrials: 55.35. up .10. BY ELMER C. WALZER United Press Financial Fditor NEW YORK. April 10.—Settlement of a strike in the automobile parts Industry brought gains into motor *hares at the opening on the Stock Exchange, but the remainder of the list continued to move irregularly, with utilities weak features. The dip in utilities followed passage by the New York state senate of bills on municipal ownership of utilities and for investigation of various companies at their own expense. In the utility division, Consolidated Gas opened at 37%, off % point: Public Service of New Jersey 36%, off *. American Water Works, 29%, off %, and Columbia Gas 15, off %. Steel issues firmed on a rise of 94 per cent in steel operations. Unites States Steel opened at 52%, up •%, and Bethlehem 43Vz, up Vi. Nonferrous metal issues, features late yesterday, held their gains in quiet trading. Hudson Motors, which lost l'i points yesterday, made up this decline on the opening at. 21’,. General Motors opened at 38 i on 2,000 shares, and Chrysler rose % to 53%. Nash Motors, however, was depressed on omission of the dividend announced after the close yesterday. It opened at 24%, off 1% on 4.000 shares. It was actively sold at that level. The first sale of Phillips Petroleum was a block of 6.000 shares at 20, up % and equal to the high of the year. Others oils were steady to firm. General Electric made a small gain on a rise of 50 per cent in its orders for the first quarter of 1934 as compared with a year ago. Mail order issues firmed. United States Smrlting dipped % to 128’.• in the silvers despite a rise of twelve to twenty-three points in the price of bar silver. It later regained part of the loss.

Bank Clearings INDIANAPOLIS STATEMENT —April 1(1 Clearings . 51.'152.000.00 Debits 4,783.000.00 TREASURY STATEMENT Hi) Vnitid /'n s* WASHINGTON. April 10.—Government expenses and receipts of the current fiscal year to April 7. compared with the corresponding period of the previous fiscal year: This Year Last Year. Expenses $5.054.984.972.60 $2,866,833,747.41 Receipts . 2.372.473,566.84 1.560.084.871.52 Deficit - 2.682.511.405.76 2,306,748,875.89 Cash bal.. 4.698.593.545.43 New York Curb ißy Abbott Hoppin & Cos.) —April 9 Close.| Close. Allied Mills 8% Hiram Walker 4.3% Alum Cos of Am 72' t Hud Bav Min . 14% Am Cvantde B 20’ ( Humble Oil 44% Am A- P Pw Wr 6% Imperial Oil Ltd H% Am Gas & El 25% Int Petrel 24 1 j Am Superpower 3% Lake Shore Min 53% Ass Gas A: El I'kLibbv McN Lib 5% Atlas Corn 12% Lone Star Gas 6% British Cclanc.se 3% Natl Bellas Hess 3% Can Marc. 3 Newmont Min 55% Cities Scrv 2% Nia Hud Pwr 6%, Commonw Ed 56' 2 Pan Am Airways 40 Consol G of Bt 59 Park Davis 24' Cord Corn 7 Penn Road 3' a Creole Petrol 11', St Regis Paner 3% Deerp A; Cos . 29% Sal Creek Prod 7% Distillers Mm ?4 Sherwin Wms. 65 Distillers Coro 19% Std of Ind 27% Dow Chem . 81% Std of Kv 17% El Bd A r Sh . . 16", Technicolor Ind B', Fisk Rubber 17% Trek Hughes Gd 7', Ford of Can A 24 Un Gas 2% Ford of Europe 7'• Un Pw L A 3% Glen Alden Coal 17% Wr Hare Min 10 Gulf Oil of Pa 65%’ Foreign Exchange tßy Abbott. Hofjpin & Cos.) —April 9 Close. Sterling. England $5 .17% Franc, France .0660% Lira Italy 0859 Beigias. Belgium .2341 Mark. Germans- 3970 Guilder. Holland . . .6773 Peseta. Spain ... 1368 Krone. Norway 2606 Krone Denmark .. 2316 Yen. Japan 3048 U. S. Government Bonds By I nitrd *s NEW YORK. April 9 —Closing Liberties: (Decimals represent thirty-seconds) LIBERTY 3' ss 132-47' 103 27 First 4'<s i32-47i 103 21 Fourth 4'/. (33-381 103 12 TREASURY 4' 4.4. *•** 1 451 102. 4'4.s i47-52> 110 26 3%s (43-47i 102 24 3 s s (41-43( March 103. 3%s 140-43 > June 103.1 3%* 1411 102 25 3%. '46-49' . ........ 100 21 3s (51-55i 99.14 Daily Price Index Hi) l nitrd Prt si NEW YORK April 9 —Dun A- Bradstreet s d.ailv weighted price index of thirty basic commodities complied for the United Press (1930-1932 Average. 1001 Todav 197 60 Saturday . . 107.78 Week ago 107.46 M'-nth ago 109.62 Year ago i.Aoril 10t 75.25 1934 Hieh 'March 12) 110.24 1934 low iJan. 3' 10105 Copyright 1934, bv Dun A Bradstreet. Inc Federal Farm Loan Bonds By Blvth A- Cos . Inc.i April 8— Bid Ask. 4s Nov. 1. 1957—37 98% 99', 4s Mav 1. 1958—38 98' 99% 4's July 1. 1956- 36 99 100% 4%s Jan. 1. 1957—37 99 100% 4%s Mar 1. 1957—37 99 100% 4%S Nov. 1. 1958—38 99 100% 4',s Dec. 1. 1933—3? 100 100% 4%-s Mav 1. 1942—32 100 101% 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 Jan. 1. 1956—36 100 101% 4 3 4.5 July 1. 1953—33 100% 101-% 4%s Jan. 1. 1954—34 100% 101% 4%s Jtllv 1. 1954—34 100% 101% 5s May 1. 1941—31 101% 102% 5s Nov. 1. 1941—31 101% 102% Tome Loan 4s. July 1. 1951 100% 100% Federal Farm Mortgage Corporation %s March 15. 1964 -44 100% 101% Retail Coal Prices The following prices reoresent Quotations from leading Indianapolis coal dealers. A cash discount of 2a cents per ton la allowed DOMESTIC RETAIL TRICES Anthracite $4 24 Coke nut size *75 Coke, egg size . I ‘5 Indiana forked lump 550 Indiana egg 500 Indiana, mine run 4 75 Kentueg* lump 7.00 Pocahontas lump 825 Pocahontaa egg §25 Pocahontaa forked lump 925 Pocahontaa mine run 7 25 • New Rlyet smokeless * 25 West Virginia lump * 75 West Virginia egg 6 50 Island Creek 7 00 Extra charge of 50c a ton for wheeling coal and $1 a ton tor coal carried to Ua.

CHART SHOWS INTERLOCKING OFFICIALS OF U. S. AVIATION HOLDING. OPERATING COMPANIES

-/CVTV' to SOBOLS - j V • "• T*l ||'• \• | • #1 1 • iNOicATcsoenciALS*.coMp*Mit6 | “77 1 r 31 I ONUVOOSTOWCtOCPTIS BUCKUST I rI \ • G B -If: ■- D® /J CM. CHAiMANOWTMEBOBO 9 Z iuj V* j K < ■*-. , <|2- -• 0! Ovi ■ <O K, ,; 0 a rfj !< CM EC ti ? ji • .40 2 U J in < ? > SS I i,i K • 1,1 1 *■! *1 H ■ mi It f e ps.oew < O J S I U< n K I ,• 2 • „ Ufl z a . 3 * ;U®g -* “1 -i V.P vice PRES'OtMT -V* 5j in, n - I IL .-• “ O ,? % ;“ E 2 - h .■s 7 --o Z 1 O J V'WoSH I% J T. VREAS-JBEB H ,/> o>' Z X v Z U 1/)' _f < c p £ Z n , z , • ki 2 “ 2 -a - AST 3 assistant secfteTAPr S Z Q * z'l 2 tiS Z X 7 TRvsTee ilssijJs;U>St SSsjSB ntt j j j 9rz J 2 z | z 3.7 and D O'Pec tow 0 ? i 2 o3 K oos;<<6kio 3Hfti i5 > 5c £ § oOjsJ#;<ff<p GENERAL MOTORS COOP |~ VP A | T ffiVP VP BENDIX AVIATION CORP O O D 1 I GENERAL AVIATION CORP \ D D D P | H gi V p p NORTH AMERICAN AVIATION, INC O S. T OH. q VP q 0 O D | N q > DDD DD D | i general aviation MFC, CP D S T pO ° 'o > D D D D DOo DD D 8. J. AIRCRAFT COOP > p DD ; D OD D _ CONOCO CORPORATION DS T on 0 *0 0 0 0 D DDO}o D D • EASTERN AIR TRANSPORT. INC O D 'g* Cp D O D pg* ODPjo D D ~ N.Y AIRWAYS, INC D~ f 1 D D|P PD D . ~ N.y.ft.ATLANTIC SEA. AIR EX 0 S ’T RO. 0 'o > D D D D 'g* PDP,P D D | SPERPV COOPOOATKON VtHHZ] | CURTISS-WRIGHT COOP P D C d. D D P and D P VP j CURTISS ASSETS CORP N g > • WESTERN AIR EXPRESS D D P D D D D p | TRANSCT'I AIR transport P D c £pd DO P 0 O < d“ O • TRANSCrt ftb'VESTERNAIR P D ODD s g > P o D “q*' PD P UN ITEO AIRCR AFT 8o TRANS PORT ' 7P UNITED AIRLINES % o • BOEING AIR TRANSPORT • NATIONAL AIR TRANSPORT V q P P D P % VARNEY AIR LINES V p > P Q D • PACIFIC AIR TRANSPORT V q P P Q P 'o > V BOEING AIRPLANE CO V p P D D UNITED AIRPORTS OF CAL V [f P D D'q CORD CORF>ORATION P 'g 5 S D AVIATION CORPORATION C q' D P D S q D • AMERICAN AIRWAVS, INC C D’ P P D S q D 'd > STINSON AIRCRAFT CORP 'g* P D S O PAN AMERICAN AIRWAYS, C P P P O D - WSC£LIANEOOS CO*ff>AWES - PITTSBURGH AVIATION >NO P P Q • PENNSVU/ANIA AIR LINES P ? D AIRWAYS, INC. • KOHLER AVIATION CORPORATION jj* [ NATIONAL PARKS AIRWAYS • UNITED STATES AIRWAYS WOTtS CHART SHCWI/5 OFFICIALS WHO APE CONNECTED W/TTW TWO OP MORE COMRIVNIES AMO OfFICIALS ON BLACK LIST -COMPILED BYA NUMBER OF SUBSIDIARY COMPANIES,NOT BLACK LISTED, APE NOT SHO'VM OM CHART. CURTISS-WUIGHT HAS SOME 13 SUCH SUBSIDIARIES AND ROBERT A. BURROWS UNITED AIRCRAFT has SOME I A SUBSIDIARIES-NOT SHOWN STATISTICIAN THE STATEMENTS CONTAINED HEREIN ARE NOT GUARANTEED. ftuT ARE BASED UPON IHFORMATION WHICH Wt BtLIgVE RELIABLE ISX, By ROflCffT A.BURPQVS PITTSBURGH, PA.

New York Stocks “~- —— ——— ißv Abbott. Hoppln St Co.l ———————

—April 10 — Oils— - Prev. High. Low. 10:30. close. Amerada 52% 52%i Atl Rfg 30’a 30 Barnsdall 9% 9'i • 9% 9% Consol Oil 12% 12% 12% 12% Corn of Del 20% 20% Houston tnewi . .. ... 5% Houston (old) ... ... 26% Indian Rfg ... . . 3% 3% Mid Cont Pet .. 13% Ohio Oil 13% Pet Corp 12% 12% Phillips Pet 20 19% 19% 19% Plymouth Oil 13% 13% 13% 13% Pure Oil 13 13 Sbd Oil 36% Shell Un 9% 9% Skeiley Oil ... • 11 Soc Vac .-. 16% 16% S O of Cai 37! 37% S O of Kan 37 S O of N J . 46% 46% 46% 46% Sun Oil 60% Texas Corp ... • 27 37% Tidewater Assn .. ... 12 12 Un Oil of Cal 13 Steels— Am Roll Mills 23% 23% Beth Steel . 43% 43% 43% 43% Byers AM . 27 Col Fuel At. Iron .. ... 6% Cruc Steel ... ... . . . 32 Inland Steel 44 Lud'um Steel .. ... . 16% McKeesport Tin .. ... 83% 89 Mid Steel 18 Natl Steel 48% Oiis Steel ... ... 6% 6% R-p Iron 8r Stl 22 Ren I As Stl nfd 60% 60 U S Pipe & Fdv 28 23% U S Steel 52% 52% U S S eel pfd 93 93 Warren Bros .. ... II Youngstn S & T 29 28% Motors— Auburn . 52% 51% Chrysler 54% 53% 54% 53% Gen Motors 38% 37% Gen Motors pfd . 93% Graham Mot . 4 3% 4 3% Hudson . 21 % 20 Hupp 5% 5% Mack Truck .32 Nash 24% 24% 24% 25% Packard ....... 5% 5% Rro 4 4 Sti’debaker 7% 7% -Yellow Truck 6 5% Motor Access— Brndix 19 18% Bohn Alum 63% 63% Borg Warner ... 24% Briggs 16% Budd Wheel 4 4 Eaton Mfg 19% Elec Auto Ijiite .. ... 28% 23% Honda ille A ... ... . 5% Mullins Mfg .. ... 13’2 Mullins Mfg pfd . ... . 31% Murray Body .. ... 9% 9% Stew Warner ... 9% Timken Roll 35 Timken Dot Axel ... 21% Am Metals 26 26 Am Smelt 45% 45% 45% 45% Anaconda ... 17% 17 17% 17 Cal & Hecla 6% 6 6 6% Ccrro De Pasco 38 37% Dome Mines 38% 38’i 38% 38% Granby . 12% 12% Gt Nor Ore . 13% Howe Sound . . 54% 54% 54% 54% Ins Copper 6% 6 Int Nickel 28% 28% Int Silver . 41% Kennecott Cop 22% 22 22% 22 Mclntyre Mine . 48% 48% 48% 43% Noranda Cop - 44% 44 44% 44 Park Utah % 5% 5% Phelps Dodge . 17% 17% 17% 17% St Joe Lead 23% 23% U S Smelters 129 128% 129 129% Vanadium ... ... 27 Amusements— Crosley Radio . 13% 13 13% 13% Fox Thea . 15% Loews Inc 33 33 Radio Corp .. .. 7% 7% 7% 7% KKO 3% Warner Bros ... 7% 7% Tobaccos— Am Snuff 55% 55% Am Tobacco A . .. ... 70% 70% Am Tobacco B 72% 71% I. igg A: Mvers B 92 91% Lorillard 17% 17% Reynolds Tob B 42% 42% Rails— Atchison ... ... 66% 66% Atl Coast Lines .. ... .. . 48 B * O 23% Can Pac .. 16% 16% 16% 16% Ch A: Ohio 46% 46% Chi Ac Gt W . 4’* 4% Chi A: Gt W pfd 11 C M Ac St P 6% CMAc St P pfd 10% 10% 10% 10% Chi N W 13% 13 Pel Lac & W . .. 28 Erie . 21 % Grt Northern pfd 29 28% 29 28% 111 Central 32% K C Sou ... 16 Lehigh Valley 19% 19% Lou A- Nash . ... 53 M K Ac T 11% M K A: T pfd 7% 7% 7% . Mo Pac . 5 Mo Pac pfd . 8 N Y Cent 36 36 NY New Haven 19 NY Ont k West 9% 9% Norfolk A Wes 177 Nor Pac 33% 33% 33% 33% Penn R R . 35% 35% Sou Pac 28 27% 28 27% SOU R R 2% 32 Sou R R pfd ... . . 38% West Maryland 15% 15

Equipments— Allis Chalmers 19% 19*, Am Brake Shoe 32% Am Car A Fdv ... 27% Am C A: Fdv pfd .. 47 Am Loco ... 33% Am Loco pfd 681 2 Am Mach A: Fdv .. ... 17 Bald Loco 14% 14% Bald Loco pfd .. .... 56% Burroughs 16 15% Case J 1 72 Cater Trpct .. . .31% 31% Deere A- Cos 29% 29% Elec Stor Bat . . 47 Gen Am Tk Car 40% Gen Elec 22'. 22 22”. 21% Int Harvester 42 42 Natl Cash Reg 19% 19 Pullman Inc 56 Rem Rand 12% 12% 12% 12% Und Elliot 45% West Air B 32% 32% Westingh Elec . 33 37% 38 38 Utilities— Am A- For Pwr 10 10 Am Power & Lit 8% 8% 8% 8% A T A- T 118% 118% 118% 118% Am Wat Wks .... 20% 20% Brook Un Gas 68 68% Cos! Gas A Elec ... 15 15 Cos! G fc E pfd 73 73 Com & Sou 2% 2% 2% 2% Consol Gas . 37% 37% 37% 37% Elec Pw r Ar Lit .. 7 7 Int Hydro Elec 6% Int TA- T 14% 14% Lou G fc E (A) 17% Nat Pwr A- Lit 11% 11% North Amer 18% 18% Pec G A- S 19'j Pub Sew N J 35% 37', So Cal Edison 19% Std Gas 12% Stone AUnited Corn 6% 6 6% 6% Un Gas Imp 16% 16% 16% 16% Ut Pwr A Lit A 3% 3% Western Union 56 Rubbers— Firestone 21% Goodrich 16% 16 Goodyear 36 35% Kelly Spring 3% U S Rubber 19% 19% U S Rubber pfd 44% Miseella neou *— Am Bank Note. .. ... ... 19%

Am Can 103 102 Anchor Cap 20% Brklyn Man Tr 31 Vi Conti Can ... 79 Curtis Pub . 25% 25Vi 25% 25 Curtis Pub pfd. . .. 71 70% Eastman Kodak 89% 89% Gillette 10% 10% 105a 10% Glidden 28’/i 26% Inter Rapid Tr 8% Owens Bottle 86 Raybestos Mfg 21 20% Foods— Armour A 7% 7% Beatrice Cream 14% 14% Borden Prod 23% 23% 23% 23% Can Dry G Ale . . 26% Coca Cola 115% 116 Cont Bak A 12% Corn Prod 75% 75 Vi Crm of Wheat ... ... . 32% Cuban Am Sugar .. ... 7% 7% Gen Foods .... 34% 34V 2 Gold Dust 21% 21 Vi 21>4 21% G W Sugar 29% 29% Hershey 55 V a 56 Int Salt ... .. 29% Loose Wiles ... 42 Natl Biscuit ... 42% 42% 42% 42% Natl D Prod . . . 16 Purity Bak 16% 16% S Porto Rico Sug 35 V 2 spencer Kellog . 22 Std Brands . . 2% 22% 22% 22% Un Biscuit . . . . 25% United Fruit 69% 69% Wrigley 61% Retail Stores— Asso Drv Goods .. ... 15% Best & Cos 34 33% first Natl Stores 64% 64-% Gimbel Bros 5% 5% Gimbei pfd 25% Gr Un Tea ... ... 7 7 Hahn Dept Sts 7'/a 7 Jewel Tea 47 Kresge S S 20% 20% Kroger Groc . 31% Macy R H 49% 49% Marshall Fields . .. ... 19% 19 May Dept St . 41 Vi Mont Ward .... 32Vi 32 32Vi 32 Natl Tea 17% Penny J C 66% 66 Safeway St 54 53% Sears Roebunck . 49% 49Vi 49% 49 Woolworth ... 51 Vi 51 Aviation— Aviation Corp ..9 8% 9 8% I Curtiss Wrignt ... ... 4’4 4% Curtiss Wri tA> 11% 11% | Dougiass Air 25% 25 25% 24% | Nor Am Av 6% 6% I Speery Corp . 10% 10% | United Aircraft 24 23% 23% 23% j Wright Aero ... 59 58% 58% 58% Chemicals—j Air Reduction 98% I Allied Chem .. . . . .. 151% , Am Com Alcohol 50 | Col Carbon 69 69% I Com Solvents . . 29% 29 29 28% Dupont ... 98% 98 98 97% Freeport Tex 46 Liquid Carb ... 28% 28% Math Alkali 36 35% 35% 36 Montosonta Ch 94% 94% Natl Dis tnewi . 29% 29% 29% 29% Schenelev Dist 38% 38 38 38 Tex Gulf Sulph 38% 38 Union Carbide 45% 453, U S Indu Alco 52 Drugs— Coty Inc ... .. 7% Lambert 27 27 Un Drug 15% 15% 15% 15% Zonite Prod ... ... 71% Financial— Adams Exp ... .. .. 9% Allengheny Corp. 3% 3% 3% 3% 1 Am Int Corp . 8% 8% Chesa C'orp ... 47% 47% 47% 46% Lehman Corp . . . . 73% 1 Transamerica . 7 6% 6% 6% Tr Conti Corp . 5Vi 5Va 5% 5Vi Building— Am Radiator ... 15% 15% 15% 15% Gen Asphalt 19% Int Cement 29 Johns Manville .. ... 57 57% Libby Owens Gls 38% 38 Otis Elev . 16 16 Household— Col Pal Peet ... 17% 17% 17% 17% Congoleum 27% Kelvinator ... ... 191 2 Proc & Gamble 36Vi 36% Simmons Bed 21% 21% Textiles— Amer Woolen ... 141 2 Belding Hem ... 14% 14% 14% 14 Celanese Corp . 36% 36% 36% 35% Collins Aikman . 24 Gotham Hose . 11% 11% 11% 10% Indus Rayon 83% 83Vi 83% 82% Kayser Julius . 17% 17.% Real Silk 11% n

Chicago Stocks Bv Abbott, Hoppin & Cos.

—April 10— , High. Low. 11:30. Asbestos Mfg 3 Berghoff 9 8% 9 Bendix Aviation 19% 19% 19% Borg-Warner 25% 25 25% Butler Bros 10% 10% 10% Chicago Corp com 2% 2% 2% Chicago Corp pfd 27 26 27 Cities Service 2% Commonwealth Edison . 56% 56% 56%’ Cord Corp 7 6V 7 Crane Cos . 9% Gen Household Ut . 16% 16 16 Great Lakes Aircraft . , % Great Lakes Dredge .. 19% 19 19 3 8 Libbv-McNeil . ... 6 s * 6% 6% Lion Oil Refining Cos • ■ 4 Marshall Field 19% 19 19% Middle West Utilities % National Standard 24 Nobiitt Sparks Ind Inc 15% 15% 15% Public Service N P 18 Quaker Oats 111% Sears Roebuck 50 Swift & Cos 18% 18 18% Swift Internacional 29% 29% 29% Thompson JR . . 8% Utah Radio 1% Utility fz Ind pfd .. 3% Walgreen Cos com 28 27% 28

Bond Prices

ißy Fenner A Beane) —April 10— High. Low. 10 30. Al'ec Corp 5s 'SO 44% 43 44% ATAT db 5s '65 107 Atchison gen 4s '95 101% 101% ioi% BAO cv 4%s '6O 71*, 71 71% Beth Steel 5s A '36 . .. . . 102', Brazil 6%s <26 1 '57 27% Can P ac 4s . 79*. CHMStPAPadjSsA 2000 19 18% 19 A '75 55% 55% 55% Dt. -d 5s E '52 104\ Erie 'RR rs 5s '67 74% Goodvear 5s 57 . 98% 98% 98% Gt Nor 7s A '36 . 98% 98% 98% Interboro RT 5s '66 71% 71 71% Int TAT db 5s '55 68% MeKeesAßobb 5%s 'SO 82 % 32% 82*, Nat Datrv db 5%s '486 • . 93 NY Cent 4%s O 2013 80 79% 79’, Nor Am 5s '6l 88% 88 88’ > Penn RR 4%s D 81 . 96% 96% 96% Poland 7s 47 ... 98% 98% 98*, Shell Un Oil 5s *47 99% Sin- Ccns 6%s B '3B 104% Texas Corp 5s 44 . 102% 101% 101** Un Pac Ist 4s '47 . 10* US Rubber 5s A '47 86% Vanadium as '4l 82 Western Un 5s 'sl . . ' . 93 Ygstwn SAT Ss B 70. 8 85% 80

THE INDIANAPOLIS TIMES

General Motors, Cord Corporation and United Aviation Have Full Control of American Airlines. The government is tackling an octopus of interlocking directorates and corporation control, typical and almost every other major American business, in dealing with the infant aviation industry. It is an octopus that the blacklist of companies and officials who attended the 1930 “spoils conference” of Postmaster Brown, announced last week by the administration, will be unable to stifle.

Bright Spots

lßy Abbott, Hoppin & Co.' Coty. Inc.. 1933 net profit totaled $222.776 after charges against $521,386 in 1932. Tidewater Associated Oil Company and subsidiaries in the year ended Dee. 31 had a net profit of $7,265,301 after taxes, charges, depreciation and depletion against $1,718,693 in 1932. Interstate Department Stores declares a dividend of $1.75 a share on the 7 per cent preferred stock. * Adams Mills Corporation declares a dividend of 50 cents a share on the common stock. In three previous quarters, 25 cents a share was paid. Pennsylvania Railroad Company has placed orders amounting to more than $500,000 with the Allis Chalmers Company for electrical equipment. Coca Colp. International Corporation in the Quarter ended March 31 had a net income of $610,371 after expenses against $719,096 in the first quarter of 1933. Cuban American Sugar Company and subsidiaries in twelve months ended Sept. 30. 1933, had a net loss of $482,225 after charges against $2,094,188 in the preceding twelve months. Investment Trust Shares (By Abbott, Hoppins & Cos.) —April 9 Bid. Ask. American Bank Stocks Corp .. 1.18 1.22 American k General Sec A . 5.00 7.00 American & Inv Tr Sh 1.50 Basic Industry Shares 3.53 3.63 British Type Inv Tr Sh 54 .60 Collateral Trustee Shares A 4 95 5.05 Corporate Trust' Shares iold) 2.17 2.21 Corporate Trust Shares (new) 2.44 2.48 Cumulative Trust Shares ... 422 4.30 Diversified Trust Shares A ... 6.25 .... Diversified Trust Shares B ... 8.00 Diversified Trust Shares C ... 3.27 3.31 Diversified Trust Shares D ... 4.90 500 First Insurance Stock Corp .. 1.30 1.35 First Common Stock Corp .... 83 .86 Fixed Trust Oil Shares A 8.75 .... Fixed Trust Oil Shares B .... 7.75 ... Incoprorators Investments ... 18.75 19.00 Land Bank Bond Shares .... 1.10 1.22 Low Priced Trust Shares .... 655 6.70 Mass Inv Trust Shares 19.34 21.02 Nation Wide Securities 3.52 3.60 North Am Trust Shares (53).. 1.92 No Am Trust Shares (55-56).. 2.46 2.49 North Am Trust Shares (58).. 2.53 2.58 Selected American Shares .. 2.70 Selected American Sh Inc .. 1.25 1.30 Selected Cumulative Shares . 6.90 Selected Income Shares .... 3.50 5.90 Std American Trust Sh A ... 3.06 3.10 Trust Shares of America 2.90 2.95 Trustee Std Oil A 5.70 z 5.90 Trustee Std Oil B 5.25 5.50 U S Electric Lt & Pwr A 12.62 Universal Trust Shares 3.13 3.19

On Commission Row —April 10Fruits Apples—New York Baldwins, fancy. $1.75 up: fanev Staymans. $2.25; fancy Winesaps. $2.50. Oranges—California Sunkist. $3.25@4: Floridas, s3ll ft 3.25. Lemons—Sunkist. $5.50. Grapefruit—Arizona seedless 80s. $2.75® 3; Florida. $3.25. Strawberries —Louisiana. 24-pt. crate. $3.50. Melons—Argentina Honevdews. $2.50. Pears—Calayos. $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, $2.85 a crate: mammoth bunch. 85c; medium bunch. 45c: hearts, dozen bunch. 51.35. Onions—lndiana yellow. 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 MoClures. $2.25: Idaho Russets. $2.25: Wyoming Triumphs. 50-lb. bag. $1.15: New Florida Triumphs, $2. Sweet Potatoes—lndiana Jerseys, per bushel. $2.25: Porto Ricans, $2. Asparagus—California select, crate. $2.25 5? 3.50. Beans—Round, stringless. $3.50: lima. $4. Beets—New Texas. 3-dozen crate. $2; bulk per bushel. $1.50. Carrots—California, 6-dozen crate. $2.75: bulk new. $1.40: bulk old. $1.75. Cauliflower—California. $2.35. Cucumbers—Hot house, per dozen. $1.25. Lettuce —Hot house. 10-lb. basket. 50c; Iceberg best. $3.25<®3.75 a crate. Peas—2 B-lb. hamper. $2 35. Radishes—Hot house buttons. 60c a dozen. Rhubarb—Hot house. 50c a bunch. Spinach—New Texas. sl.lO per bushel. Tomatoes Repacked. 10-lb. carton. $1.25; selected, cellophane wrapped. $1.50origina! Florida. 20-lb. lug. $2.50. CHICAGO FRUIT MARKET By l nitrd Pri gs CHICAGO. April 10.—Apples—Michigan Baldwins. $1.40®1.50 bushel. Carrots— Illinois 50c bushel. Spinach—Texas. 80cft $1 bushel. Beans—Southern green, $1.50 ft 2 50: wax. s3® 3.15. Cucumbers—Central western hothouse. $2®2.50: Florida bushel. $4 50® 5.50. Tomatoes—Florida sl.2sft 2.50 box. Sweet Potatoes—Tennessee. $1.65® 1.75 bushel hampers Mushrooms— Illinois. 12%ft27%c (lb. cartons). Asparagus California. sl®3 idoz. bunches). Leaf Lettuce—lllinois hothouse. 35ft 40c (10-lb. i. Onion Market—< 50-lb. sacks' Western Valencias. 75c® 1.15: Western whites. $150ft165; Michigan yellows. 75®90c: Central Western Yellows. 50®,80c: Texas Yellows. $2. NEW YORK COFFEE FUTURES —April 9 SANTOS High. Low. Close March .. 11.27 11.15 11.27 Mav . . 10 68 Julv 10.79 10 68 10.73 September 11.10 10 99 11.10 December 11.20 11 08 11.20 RIO January .. . 8 *3 Mav 8.29 Julv 8 42 8 35 8 42 September 8.52 8.45 8.52 December 8.58 8 51 8.58 Cleveland Bank Probe Set By 1 nitrd Press WASHINGTON, April 10.—Investigation of the Union Guardian Trust Company. Cleveland, will be taken up by the senate banking committee next month, Ferdinand Pecora, committee counsel, said today.

The accompanying chart, prepared by Robert A. Burrows, Pittsburgh statistician, shows two striking conditions as a result of the blacklisting: 1. Some aviation companies are to be forced to reorganize, but their subsidiaries or their holding companies are not affected. 2. Officers on the blacklist, in many cases, are officers of other companies which are not affected by the government order. • The chart clearly shows this interlocking of directorates and the system of operating and holding companies under which three major groups, General Motors, Cord Corporation and United Aviation, control the airways of the United States. Plainly the blacklisting will fail to “cure” the situation which the government charges as a result of the airmail scandal. The Postoffice Department has decided to allow companies whose contracts were canceled to bid cn temporary carrying of the mail if they reorganize under new names and sever relations with officers and directors unacceptable to the administration. But what of the major holding companies, or the subsidiary companies in which these same officers and directors are closely connected and in which, in many cases, they own large blocks of controlling stock? And*what is to be done about their stock interests to prevent them retaining control through “dummies?” Many of these men were the pioneers in the air. Many of the companies involved blazed air trails. Aviation experts doubt that their places can be filled with safety and efficiency in a few weeks. The importance of aviation is indicated by a comparison of business for 1929 and 1933. In 1929. 165,263 passengers were carried: in 1933, 550,000 were carried, according to estimates. Thee are 600 planes in service now, carrying 1,550 persons, 750,000 letters and 4,700 pounds of express cn an average every twenty-four hours. The number of cities on the air map has increased from 23 in 1926 to 173 in 1933 And with this growth has developed commensurately the problem the government now has set about to solve.

Produce Markets Delivered in Indianapolis Prices—Hens. 11c. Leghorn hens. 8c Leghorn spring-er-staes. 6c; large springer-stags, 9c; cocks 5 lbs. and over 6c: under 5 lbs.. 4c. ducks, full feathered and fat, 4% lbs. and over 7c: geese. sc; 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 5 lbs. gross; a deduction of 10c a opund for each pound under 55 lbs. will be made. Butter—No. 1, 25@26c. No. 2 23@24c; butterfat, 21c.— Quoted bv Wadlev. B? United Press CHICAGO. April 10.—Eggs—Market, firmer; receipts, 32,823 cases: extra firsts. 16%c; fresh graded firsts. 16c; current receipts. 15c: dirties. 14c; checks, 13%c. But-ter-Market. steady; receipts. 8.158 tubs; extra firsts, 90-91% score. 20%c; firsts. 88-89% score, 204/20%c; seconds, 86-87% score. 19%; extras. 92 score. 21c: specials. 21%4/22c; standards. 20% c. Poultry— Market, firm; receipts, 29 trucks. 1 car due: heavy hens, 14c; ducks. 13(7116c: old roosters. 9c: springs, colored and white rocks, over 3 lbs.. 23c: colored and white rock broilers. 1 to 2 lbs.. 25c; geese. 9%c; Plymouth Rock fryers, orer 2 lbs., 26c: Leghorn broilers. 22c: barebacks. 19c; capons. 20c: colored and white rock fryers, over 2 lbs., 25c. Cheese—Twins. 12@12%c; Longhorns. 12% (ft 12*,c; Daisies. 12% W L2%c. Potatoes—Old stock: supply liberal; demand and trading slow; market, dull; Red River section, Minnesota and North Dakota Cobblers. 3 cars. 51.60, 1 car 51.65%. 1 car $1.65; Wisconsin Triumphs. 1 car 51.50. 1 car $1.45: Idaho Russets. 6 cars 51.55, 1 car Sl6O Washington Russets combination grades. 1 car $145, 2 cars 51.50. New stoc: suppiv moderate: demand and trading slow: market, dull: sales to jobbers. Florida bushel crates Bliss Triumphs, few sales 51.75: Texas. 79lb. sacks. Triumphs, fine quality, si 65. Shipments, 640; arrivals, 105; on track. 391. CLEVELAND. April 10.—Butter—Market, weak: extras 25c: standards. 24%c. Eggs— Market, steady; extra white. 15%c: current receipts. 15c Poultrv Market, steady: colored fowl, medium, 164ji7c: Leghorn fowl, heavy. 13*14c: springers, smooth, 16@17c; heavy. 13*514c: springers, smooth. 16 'tr 17c: fancy colored broilers. 2741280; stags. 12c: ducks, young. 5 lbs. and up. 18c: old roosters. 10c. Potatoes— Maine, mostlv around $2.25; Idaho, mostly $2 , ff2.10: Ohio and New York, most!'$1,854x1.90; few $2; Michigan, 51.854x1.90. NEW YORK. April 10.—Potatoes—Easy; Long Island. 51.10472.15 barrel; southern $3.75416 barrel: Maine, 51.204i3.75 barrel: Idaho. 524/2.20 sack: Bermuda *54/5 50 barrel: Canada. $1.854/2 barrel. Sweet potatoes—Firm: Jersey basket. 90c4/51.57: southern basket. 75c4/*165. Flour —Steadv: Springs: patents. $6.254/6.50 barrel Pork —Quiet: mess. S2O 25 barrel. Lard—Easier' middle west spot. S4 704/ 4 80 per 100 lbs. Dressed poultry—Firm; turkevs. 18 H 25%c; chickens. 94: 28c; broilers, 144/29c; capons, 204x32c; fowls. 13® 18c; Long Island ducks. 15<S17c. Live poultry —Steadv; Geese. 74x9c: turkeys. 184/20c: roosters, 10c; ducks. 84/ 12c: fowls. 164/18c: chickens, 104/ 15c; capons. 22c: broilers. 184/ 26c. Cheese—lnactive; state whole milk specials, 18tj 19c.

NEW STRENGTH AT LIVERPOOL AIDS FUTURES Improved Demand Carries All Months Slightly Higher. BY HARMAN W. NICHOLS I'niled Press Stiff Correspondent CHICAGO, April 10. New strength in Liverpool* wheat today included a better tone in grain prices at the opening of the Chicago Board of Trade. Wheat deliveries were unchanged to % cent improved, corn was up % cent, oats was unchanged to % cent better, and rye was % to -? s cent higher. A better demand at Liverpool sprung up at the opening and the Rome conference on wheat also was said to have exerted a bullish influence. Stocks and cotton offered no incentive, although cotton was moderately improved. Chicago Primary Receipts —April 9 —Bushels— Today. Last week. Wheat 406,000 622.000 Corn 360.000 619.000 Oats 118,000 211,000 Chicago Futures Range -April 10WHEAT— Prev. High. Low. 10:00 close. May 87 .86% .86% .86% July 87 .86% .86% .86% September ... .88 .87% .87% .87% CORN— May 49% .49% .49% .49 July 51% .51% .51% .51% Sept. 54 .53% .53% .53% OATS— May 32% .32% .32% .32% July 33% .33% .33% .33% September ... .33% .33% .33% .33% RYE— May 61 % .60% .61 .60% July - .62% .62% .62% .62% September ... .64% .62% .62% .62% BARLEY— Mav 43 .43 July 44% .44% .44% .44% September ... .46 .46% CHICAGO CASH GRAIN By United Press CHICAGO. April 9.—Cash fcrain: Wheat No. 2 hard. 88%c: No. 3 hard. 87%'ri 87%c. Corn —No. 2 mixed. 49c: No. 2 yellow, 49® 50c: No. 3 yellow, 48c: No. 6 white. 48c: sample grade whiter 44%0. Oats—No. 2 white, 34%<i7;34%c. Oats —No. 2 white. 34% @34%c: No. 3 white. 33%@?4%c; No. 4 white. 32U<532%c. Rye—No. 2. 65%c. Barley6s®72c; auotable. 45<f/iSB2c. Timothy —56.50®7. Ciover seed—s2l® 13. ST. LOUIS CASH GRAIN By United Preps ST. LOUIS. April 9.—Cash grain: Wheat —ln fair demand. %c to lc lower on red and steady to lc higher on hard grades; No. 2 red. 86%c weevil; No. 2 red. 87Iff: 87%c regular; No. 3 red. 86%c; No. 5 red, 84c: No. 2 red. garlicky, 82%c; No. 2 hard. 86%fa87%c. Corn—ln fair demand, %c higher: No. 2 yellow. 49c: No. 3 yellow. 49c. Oats—ln fair demand, tone steady; No. 2 white. 35%c; No. 3 white, 35c; No. 4 mixed. 33%c. TOLEDO CASH GRAIN By United Press TOLEDO. April 9.—Grain in elevators, transit billing: Wheat—No. 2 red, 91®92c. Corn —No. 2 yellow. 52‘/2©53%c. Oats— No. 2 white. 37%®38%c. Rve—No. 2. 66 (a 67c. (Track prices. 28%c rate) —Wheat— No. 1 red, 87i 87Vic: No. 2 red. 86<fi86%c. Corn—No. 2 yellow, 48%®49c: No. 3 yellow. 47%@48%c; No. 4 yellow. 46%#47%c. Oats—No. 2 white. 34%®36V 2 c: No. 3 white, 34®36c. Seed close: Clover—Cash. $8.25. Alsike —Cash, $8.50. Indianapolis Cash Grain —April 9 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41 %c New York rate, were: Wheat—Firm: No. 1 red. 82®83c; No. 2 red. 81® 82c; No. 2 hard. 81®82c. Corn —Steady; No. 3 white. 42%©43%c; No. 4 white. 4i%® 42%c: No. 3 yellow 41 % ®42%c; No. 4 yellow. 40fff41%c; No. 3 mixed. 40®41c: No. 4 mixed. 39® 40c. Oats—Steady: No. 2 white, 30®31c; No. 3 white, 29®30c. —lnspections Wheat—No. 1 red. 7 cars: No. 2 red, 5 cars; No. 1 mixed, 1 car. Total. 713 cars. Corn—No. 1 white. 4 cars; No. 2 white. 18 cars: No. 3 white. 3 cars; No. 4 white. 1 car; No. 5 white. 1 car; No. 2 yellow. 12 cars: No. 3 yellow. 11 cars; No. 4 yellow. 1 car. Total. 51 cars. Oats —No. 2 white. 10 cars: No. 3 white. 8 cars; No. 4 white. 2 cars. Total, 20 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 78 cents for No. 2 soft red wneat. utner grades on their merits. Other Livestock By United Press CHICAGO. April 10.—Hogs—Receipts, 21,000. including 9.000 directs; slow, 5® 10c lower than yesterday’s average; good to choice, 170-260 lbs., $3.90® 4.05; top. $4.10; 270-340 lbs.. $3.75®.3.90: most light lights, $3.90 downward; good pigs. $2.75® 3.25; packing sows, $3®3.25; light lights, 140-160 lbs., good and choice. $3.60® 4; light weight. 160-200 lbs., good and choice, $3.90®4.10; medium weights. 200-250 lbs., good and choice. $3.90®%.10; heavy weights, 250-350 lbs., good and choice, $3.70®4.05; packing sows. 275-550 lbs., medium and choice. $2.90® 3.40; slaughter pigs, 100-130 lbs., good and choice, $2.50® 3.60. Cattle —Receipts. 5.50; calves. 3,50; fed steers and yearlings, strong to 15c higher; medium weights and weighty steers, 15®25c higher; $7.65 bid on medium weight and weighty bullocks: $7.60 paid for 1.300-lb. averaged; S7 for 1,500 lbs.: bulk crop. $5.50®7: better grade mostly $6.75 up: other killers, steady to strong: vealers. 25c or more lower; slaughter cattle and vealers: steers. 550-900 lbs., good and choice. $6.25® 7.75: 900-1,100 lbs., good and choice, 56.25®.7.75: 1.1001.300 lbs., good and choice. $6.25® 7.75; 1,300-1.500 lbs., good and choice. $5.75® 7.65: 5501,800 lbs., common and medium, s4® 6.25: heifers. 550-750 lbs., good and choice. $4.75®6.25; common and medium. $3.50®5; cows, good, $3.50®4.50; common and medium. [email protected]; low cutter and cutter, $175®2.75: bulls, yearlings excluded, good beef, $3.15® 3.75; cutter, common and medium, $2.75® 3.40; vealers. good and choice, $0®6.50: medium. s4® 5; cull and common. $3®4.0: 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. 8,000: opening slow; asking 15®25c higher for desirable fat lambs, but larger local interest inactive early; best wool lambs held above $9.60; sheep steady: wool ewes. $5 downward: slaughter sheep and lambs: lambs 90 lbs. down, good and choice, $8.90 ®9.60; common and medium. s7® 9; 9098 lbs,, good and choic. $8.75® 50: ewes. 90-150 lbs., good and choice. $3.75®5.25: all weights, common and medium. s3® 4.25. T.AFAYETTE, April 10.—Hogs—Market, steady to 10c lower: 200-250 lbs.. $3.80® 3.85: 250-325 lbs.. $3.60® 3.75: 170-200 lbs., $3.65® 3.75: 150-170 lbs.. S3 25® 3.55: 130150 ibs., $2.75® 3: 120-130 lbs. $2.25®2 50: 100-120 lbs.. $1.75® 2; roughs. $3 down. Top cahes, $5. Top lambs, SB. By Times Special LOUISVILLE, April 10. Cattle—Receipts, 175: demand, dependable: supply, light; market, generally steadv: bulk common to medium steers and heifers. s4® 4.75: better finished kinds considered eligible. ss® 5.75; bulk beef cows. $2.50® 3 25; low cutters and cutters $1.25® 2.25; sausage bulls, $3.50 down; common to medium grade native Stockers and feeders, s3® 4: few $4.25 . most desirable light Hereford and Shorthorn Stockers. ss® 5.50. Calves—Receipts, 300: steady: bulk better vealers, s4® 5; strictly choice eligible, $5.50: medium and lower grades. $3 50 down. Hogs—Receipts, 1.000; market, not fully established: some sales reported 10c lower at $3.85 on 170-240 lbs.: many hogs unsold and held for steady prices. Sheep —Receipts, 25: wooled sheep and lambs, quotable steadv: bulk medium to good v. ooled lambs. s7® 8: choice absent, quotable higher: common 1 ght throwouts. mostly $5: bulk fat wooled ewes. $2.50® 3: best spring lambs quotable around $lO.

TURNERS TO SPONSOR ‘HARD TIMES' DANCE Proceeds Will Be Used for Athletic Teams in Tourney. A ‘ hard times" dance will be given by women members of the South Side Turners at Turners’ hall Saturday night. Proceeds from the dance will be applied to a fund to finance the Turners' athletic teams at the Tri-State Tumfest at Louisville. in June. Ray Miller's orchestra will provide the music. Prizes wiP be awarded for the best The committee in charge includes Carl Speer, chairman; Glen Schuster, Lawrence Smith. Elsie Wolf, E!eanore Richwine and Freda Wegner. The dance is public.

Wall Street Exchange Starts Inquiry of Recent Advance in Low-Priced Issues. BY'RALPH HENUERSHOI

Timet Special Financial Writer THE New York Stock Exchange has decided to conduct an inquiry into the recent advance in several of the lower-priced stocks traded in on the ’ big board.“ The action was accailmed in all sections of the financial district. The point was made that it is much better for the Exchange to conduct the in-

quirv and to correct any unfavorable practices which may have been indulged in rather than to have the facts come out in Washington investigations. The fact that the Exchange permitted the speculators in alcohol stocks to have a free hand last summer at a time when it was protesting

Ralph Hendcrshot

against federal regulation created a bad impression both in and out of Wall Street and had a great deal to do with the stringent provisions of the Fletcher-Rayburn bill, which has just been sent back for revision again. It Indicated that those in authority on the Exchange either were unwilling or unable to manage trading in a fashion satisfactory to the general public. That the Exchange has stepped into the recent speculative activities before they got out of hand is commendable. And if its investigation is thorough and the results are made public the step is likely to help materially in winning back public favor. Moreover, many people are apt to be surprised if the Exchange is able to prove its past contentions that outsiders have been responsible for most of the market manipulations. B tt tt Operates Under Handicaps IT must be admitted in the Exchange’s favor that it always operates under certain handicaps. It must conduct its investigations carefully to avoid possible lawsuits and to protect stockholders and corporations who have an interest in its activities. Morover. it can not call in outsiders to furnished testimony the \%ay the senate committee has been able to do. it is extremely difficult for it to reach beyond its own members. It it discovers in the present instance. for example, that the market in certain of its stocks has been “rigged” it may or may not be able to do one of two or three things. If one of its members has been involved the answer is rather simple. It can either expel or suspend him. But if it finds that outsiders have been doing the buying and selling about all it could do would be to throw the stock or stocks off the board. But in throwing a stock off the board innocent investors might be penalized and the guilty parties might go scot free. The manipulators might have completed their operations and have gotten out of the stock entirely. Those who bought it consequently would be deprived of a market for their holdings and probably would lose considerable money. B tt B Danger of Libel Suits

THERE is another thing the Exchange might do, perhaps. It might give out for publication the names of the people who were interested in the manipulation. But in that event the persons whose names were made public might have good grounds for a libel suit either against the Exchange or the publications which carried them, or both. They might argue that the action had hurt their character, and, in fact, there would be little point in making them public if such were not the intent. It is rather obvious, therefore, that the Exchange should not be condemned for all of the things which have taken place in Wali Street, and it should be obvious also that there is need for a law which will provide adequate regulation or supervision, it is encouraging to rote in that connection, however, that the Washington authorities are beginning to think in terms of regulation rather than destruction. In the Cotton Markets —April 9 CHICAGO High. Low. Close. January 12.46 12.43 12 43 March 12.55 12.53 12.53 May 12.12 12.05 12.05 July 12.23 12 16 12.16 October 12 34 12 28 12.28 December 12.43 12 39 12.39 NEW YORK January 12 39 12.35 12 35 March 12.43 12.40 12.40 May 12.01 11.94 11 94 July . . 12.12 12.05 12.08 October 12.25 12 19 12 19 Dcember 12.35 12 29 12.29 NEW ORLEANS January 12.38 12.33| 12.33 March 12.48 12.45 12 45 May 12.04 11.97 11,97 July 12.11 12.05 12.05 October 12.24 12 19 12 19 December 12.34 12.28 12 29 NEW YORK RAW SUGAR FUTURES —April 9 High. Low. Close. January 1 58 1 55 1.55 March 1 62 1.59 1.59 Mav 1 40 1.36 1 38 Julv 1 46 1 42 1 44 September 1.52 1 43 1 49 December 1 56 1.53 1 54

Called 4th 41/4 °o LIBERTY LOAN BONDS + + + Bonds Bearing Letters A, J and K, Final Digits 1, 9 and 0, Will Be Redeemed APRIL 15, 1934 by The United States Government + + + * Holders Have the Privilege Until THURSDAY, APRIL 12th, of Exchanging the Called Bonds for New Treasury 3 Vi % Bonds of 1944-46 (Quoted today above 101) + + + Our Services are Available for Either the Redemption or Exchange of the Called Bonds. THE INDIANA NATIONAL BANK 3 V irginia Ave. LI. 2331 The UNION TRUST CO. of Indianapolis 120 E. Market SU RI. 5341

PAGE 15

PORK MARKET STEADY TOIO CENTS LOWER Cattle. Lambs Unchanged; Vealers Higher at $6.25 Down. Two-way trading range developed in the hog market at the Union Stockyards this morning. Weights scaling over 225 pounds noved around 10 cents lower than yesterday's average, while other grades remained unchanged. Initial bulk of all weights was selling from $3 75 to $4. Light slaughter kinds weighing 130 to 160 pounds, brought $3 to $3.50. while lighter classes. 100 to 130 pounds, sold at $2 to $2.75. Receipts were estimated at 7.000: holdovers, 517. Slaughter steers in the cattle market were fairly active and fully steady with the previous session. Four loads of weighty steers were salable at $7.35. Other sales ranged largely from $5 to $6.50. Receipts numbered 2.000. Slight strength was displayed in veal trading, with practically all grades around 25 cents higher, selling at $6.25 down. Receipts were 800. Early lamb sales remained about steady considering quality. Wooled lambs sold mostly a f SBSO down, while clippers held above $7.25. Receipts were 800. Asking held steady with yesterday's average on hogs at Chicago. Few early bids and sales were 10 to 15 cents lower at $4 down. Receipts were estimated at 21,000. including 9.000 directs; holdovers. 5.000. Cati tie receipts were 5,500; calves, 3,500; I market, strong. Sheep receipts, 8,000; market, unchanged.

HOGS ' April Bulk. Top Receipts. 4 $3,904/ 4.1S $4.15 6,000 j 5. 4 10®! 425 425 4.0C0 6. 4.10® 4.25 4 30 6.CC9 , 7. 4.05® 420 425 2.000 9. 3 85® 4 Ofl 4.05 9 000 i 10. 3.75® 4.00 4 00 7,000 Markrt, Uirer, < 140-1 ffte I Goori and choice $ 3.25® 3.50 —Light Weights—-(l6o-180) Goori and choice .. 3 8,613 3.90 (180-2001 Good and choice 3.95 —Medium Weights—-(2oo-220i Good and choice .. 400 (220-250) Good and choice . . 3.95® 400 —Heavy Weights—-(2so-290i Good and choice . . 3 90® 390 (290-3501 Good and choice . 3.80®_ 3.50 Packing Sows—(3so downi Good 3 10® 3.25 1250 upt Good 3 0041 3.15 (All weights 1 Medium 2.75® 3.00 —Slaughter Pigs—-(loo-130) Good and choice .. 2.00® 2,75 CATTLE Receipt*. 2,000; market, steadv. f 1.050-1,100. Good and choice $ 6.254 J 7 25 Common and medium 4 25® 6.25 (1.100-1.5001-Good and choice 6 00®! 7.50 Common and medium 4 5042 6.03 <675-750 * Good and choice 5 25(3 6 25 Common and medium 3.00®; 5.25 (750-9001 Good and choice 4 75/3 600 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 1 Good (beef steers) 2.75(3 3.50 Cutter, common and medium . I.so(tjj 2.75 VEALERS Receipts. 800; market, higher. Good and choice $ .5 50® 625 Medium 3.500 5 50 Cull and common 2.00(3 3.50 —Calves— Good and choice 3.50(3 5.00 Common and medium 2.00®) 3.50 —Feeder and Stocker Cattle—-(soo-9001 Good and choice 4 00®i 5 50 Common and medium 2.75(3 4.00 (800-1.5001 Good and choice 4 00<3 5.51 Common and medium . 2.75(3 < 0O SHEEP AND LAMBS Receipts, 800: market, stadyi shorn easier ! (90 ibs. down) Good & choice S 7.00 ft 7.50 (90-110 lbs 1 Good and choice 6.75® 7.25 ( 500 lbs. down) Com. and med. 6 00® 7.00 „ , —Ewes— Good and choice 4 00® 500 Common and medium ....... 2.00® 4.00 Other Livestock Bv United Pres* EAST ST. LOUIS. 111. April lO.—HogS —Receipts. 9 500. including 400 direct: market, opened steady; later trade dull: some bids lov.er; pigs and light lights opened steady; some light pigs strong' bulv 180-250 lbs . early, $4; top. $4 05 few 150-160 Ibs . 53.65® 3.90: 130-140 Ibs , $2.90 ®3.25; 100-120 lbs.. $2.25® 2.65; light pigs down to $2 or below; sows. S3 10® 335 Cattle—Receipts. 2.500; calves, 1,500; market steers, mixed yearlings and heifers, strong; cows and bulls, unchanged; veaiers, 25c lower; top. 1.167-lb. steers. $6.75; 1.347-lb steers, $6.50. with other sales downward to $1 65; mixed vearlings and heifers, $4 25® 5 75: cows. $2 75® 3.50; low cutters. $1.25® 1.75; top sausage bulls, $3.25; practical top on vealers. $5.75. with a few select. $6; nominal range slaughter *3^5®7.25; slauwitcr heifers. $3.50 ® 6.25; slaughter stee* 550-1.100 lbs., good and choice, $5.75%7.25; common and medium. $3.75® 5.75 1.100-1.500 lbs . choice $8.50® 7.25: good. $5 50® 6.75. medium. $5 r " 5.75. Sheep—Receipts. 1,800; market not .vet established; packers talking lower; asking higher: few small lots of citv butchers steady; spring lambs. slo® 10.75; small lot clipped lambs, $7.50® 7 75. 9® lhs -* good, good and choice. $8.75® 9.25: common and medium. s6® 8.75; 90-98 lbs., good and choice $8 25® 9.15; yearling wethers, 90-110 ibs.. good and choice. $6 75® 8 25: ewes, 90-150 lbs good and choice. $3.75®5.25: all weights, common and medium. $2.75®4.25. PITTSBURGH. April 10.—Hogs—Receipts, 800: holdovers, 1,500; mostly 5c lower on 170-220 lbs., top and bulk. $4.35; 220-250 lbs.. $4 25® 4.35, heavie weights s4® 4.25; 130-145 lbs . s3® 3.25; lighter weights. $3; sows. $2.75®3 25. Cattle—Receipts. 10: steady: top load steers yesterday. $6.60. Calves—Receipts. 150: slow: about steady; good and choice vealers, s6®; 6.50: culls, down to $2 Sheep—Receipts. 500: wool lambs, nominally up to $9.50 for choice sorted kinds; shorn lambs, steady: good and choice, $7.25® 7 50: shorn wethers, s4® 4.50; for better grades; spring lambs, s9® 11. , CLEVELAND. April 10.—Cattle-Receipts. 200: market fully active and steadv; choice steers. 750-1,10 ib . $6.50® 7.50; 650-900 lbs.. $5.50® 6.50: 900-1 200 lbs . $5.25®. 6.25: heifers. 600-850 lbs.. $4 50® 5 50; good cows, all weights. $2 75® 3.50. Calves—Receipts, 600: market steadv in slow trading; prime veals. *8.50® 7; choice. 56®6.50; medium. ss® 5; common, s3® 4.50. Sheep and lambs—Receipts. 2.000. market showing stronger undertone: prices mostly steadv; good to choice wool lambs s9® 9.35; medium to good. s7® 9 culls and cuts ss® 7; choice clipped lambs. s7® 7.25: medium to good. ss® 1; prime wether sheep 35® 6; choice ewes. s4®s: medium to good. s3® 4 Hces—Receip's. 1.000; market. 10c lower m moderate trading 250-300 lbs . $4. 220250 ibs . s4® 4.25; 180-220 lbs . $4 25: 150180 Ibs. SJ.IS; pigs. S2 70®3; stags. *175. FT. WAYNE April 10 —Hogs—Steadv to 10c lower. 250-3-00 lbs.. *3.85: 290-250 ’.bs.. $3.75: 180-200 lbs . $3.65: 160-180 Ibs . S3 55; 300-359 lbs,. $3 50: 150-160 lbs. *3.25: 140150 lbs S3; 130-140 Ibs.. $2,75: 120-130 lbs . $2.25; 100-120 lbs.. $2 roughs. $2 75; -tags, $1.50. Calves. $6 Lambs. $3 75 down.