Indianapolis Times, Volume 45, Number 289, Indianapolis, Marion County, 13 April 1934 — Page 34

PAGE 34

Wall Street Amendment to Dies Bill Provides for Wider Currency Base. BY RALPH HENDERSHOT—

Times Soeeial Financial Writer SENATOR THOMAS’ amendment to the Dies bill calling for the purchase by the government of all the silver in this country’ and the purchase abroad of additional amounts of the white metal has received the approval of the senate agricultural committee. The effect of such a step, if taken, would b"* quite similar to

the nationalization of the gold in the United States ordered a few months ago. The Thomas plan calls for the issuance of currency against the silver thus acquired. That, naturahy, would materially broaden the curcency base and, if carried out Would greatly increase the amount of money in circu-

Hendershot

lation. To that extent it would be highly inflationary. These silver certificates, however, would not be comparable to greenbacks, which have no metal backing. Senator Thomas and his followers argue that there is not a sufficient amount of currency in circulation to take care of the needs of trade. It is to correct that situation and to stimulate trade by increasing the price of silver that they would use the white metal as a v monetary base. They have tacked the provision on to the Dies bill, which is an agricultural measure because they feared that if it was offered as a separate bill it would go to the banking and finance committee and be tabled. a a tt THE RIGHT WINGERS take the position that we already have enough currency in circulation and that what we need to help business 1 along is to stimulate credit circulation. They make the point that we have as much currency now as we had in 1929 and could issue a great deal more as a result of gold devaluation if we wished. Moreover, they , are greatly afraid of anything which savors of inflation. Both sides appear to be sincere in their positions. The fact of the matter seems to be, however, that, white the currency total is imposing when compared with 1929 figures, no artificial means has been devised to furnish credit to business j except through government loans. Credit expansion undoubtedly will | come about naturally when and if business improves and confidence is once more restored. And if it were certain that the upward trend already established would continue it would seem advisable, perhaps, to sit tight and await normal develop- j ments. But serious doubts have been | raised about the permanency of the rise in trade. Many so-called authorities anticipate another setback in a few months. Should such prove to be the case it might be well to have anew stimulant handy. a a tt THE thing about which the man in the street would appear to have a logical complaint is the fact that our bankers have proven to be as frail in credit judgment as anyone else. They will lend money freely when prices are at the top and hide their money in vaults when values are at their bottom. Instead of helping to stabilize business, they tend to depress trade in bad times and to create boom conditions in good times. Bankers, generally speaking, hold to the principle that natural economic forces should be permitted to have full sway. By taking such a stand they refuse to recognize any public responsibility. In view of the fact that the products in which they deal —money and credit—are so very’ important to the general public and because of their attitude it is not surprising that the government should take a hand in trying to work out a better program. Officers Are Re-Elected NEW YORK, April 13.—A1l officers and directors of the Western Electric Company were re-elected at the annual meeting of stockholders here recently.

PS M yefrvum WjH| Good qualify Felts in tfie newest Spring Styles. Colors: Snow Gray, Medium Gray, Tan, H,— S.ld C..K lA4KIt) , 127 W. Washington St. Jncoln Hot.)

GOLD MINING ISSUES HIGHER; OTHERS WEAK General List Turns Lower as U. S. Dollar Gains; Trading Dull. Average Stock Prices Average of f.hirtv industrials for Thursday: High. 105 82 low 104 30. close. 104 80; off. .36 Average of twenty rails. 50.48. 49 3!. 49 96, off 32 Average of twenty utilities. 26 52. 25 75. 26 15, up .30. Average of forty bonds 94 66 up 20. Averoi ten first, rails. 99 79 off .13. Average of ten second rails. 84 35, up .40. Average of ten utilities. 97 35. up 14. Average of ten Industrial, 97 16, up .40. BY ELMER C. YVALZER United Press Financial Editor NEW YORK. April 13.—The stock market opened fractionally lower j today with volume fairly active, while the dollar firmed in terms of foreign exchange, and commodities were steady. Gold mining issues and some of the oils were exceptions to the trend. They rose fractionally. Utilities were about steady as were rails. Coppers sagged and small losses were noted in the motors, and mail order shares. Packing issues held steady. Initial prices included: Chrysler, 53%, off J 2; General Motors, 38 %, unchanged; American Smelting, 44, off %; American Telephone, 120, off 1 i; American Can, 104, off ; Industrial Rayon 89, up %; American Beet Sugar, 12%, up V. Consolidated Gas, 38's, up %; General Electric, 22%, up %; Montgomery Ward, 31%, off \; Woolworth, 52%, up Is, and Schenley, 37 %, off V*. Steel common opened at 51 a 4, off %. After the opening trading turned dull with tickers barely moving. Prices held around the opening levels. Bank Clearings INDIANAPOLIS STATEMENT —April 13— Clearings 51.969,000 00 Debits 4,395,000.00 TREASURY STATEMENT By United Press WASHINGTON. April 13.—Government expenses and receipts of the current fiscal year to April 11. compared with the corresponding period of the previous fiscal year; This Year. Last Year Expenses $5,128,746,973.52 $3,910,242 348.93 Receipts 2.397.289.361 39 1,574,425,963.60 Deficit 2.731.457.612.13 2,335,816.385.33 Cash Bal. 4,659,652,681.74 New York Curb * (By Abbott. Hoppin & Cos.) —April 12— Closed Close Allied Mills ... 8% Glen Aid Coal., 17% Am Cyan 'B' .. 21 :Gul Oil of Pa .. 67 Am & P P W.. 6% Hiram Walker . 43% Am G & El .. 26% Hud Bay Min .. 14 Am Superpow . 3% Humble Oil ... 45% Asso G & El.. 1 ilmp Oil Ltd Atlas Corp . ... 13'VInt Petrol 25 Axt Fish Tob 62% Lake Sh Min 53 ' Can Ind Ale A’ 15% Libby McN Lib 7 I Can Marc 3 Lone Star Gas . 6% I Carrier Corp . 8% Nat Bel Hess .. 3% j Cities Serv ... 2% Newmont Min . 56% Comwlth Ed 56 INia Hud Pwr.. 6% Cons Gas of Bal 59 I Park Davis .... 24% Cord Corp ... 6% Penn Road .... 3% Creole Petrol .. 11 iSt Reg Paper .. 3% Cr Cork Inti .. 7% Sal Cr Prod .. 7% Deere A’ Cos ... 30 iSherwin Wms . 65%! Dist Lim 21 Std of Ind .... 27% j Dist Corp 18% I Std of Ky 17 Dow Che m... 79% Technicol Ind 9% El Bo & Sh ... 17% Teck Hug Gold 7% j Fisk Rub ... 18% Un Gas ....... 3 j Ford of Can ’A’ 23% Un P & L ‘A’ 3% Ford of Europe .7% Wrig Harg Min 9% | Federal Farm Loan Bonds (By Blyth & Cos.. Inc.) Bid. Ask. 4s Nov. 1, 1957-37 99V* 100% I 4s May 1, 1958-38 99% 100% j 4%s July 1, 1956-36 100 101% 4%s Jari. 1. 1957-37 100 101% 4% s Mav 1. 1957-37 100 101% Nov. 1, 1958-38 100 101% 4%s May 1, 1942-32 100 101% 4%s Jari. 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 Julv 1. 1955-35 100 101% 4%s Jan. 1. 1956-36 100 101% 4%s July 1, 1953-33 100% 101% 4%s Jari. 1, 1954-34 100% 101% 4%s Julv 1. 1934-34 100% 101% 5s Mav 1, 1941-31 101% 102% 5s Nov. 1. 1941-31 101% 102% Home Loan 4s. July 1. 1951 100% 101 Federal Farm Mortgage Corporation 3%s March 15, 1964-44 100% 101% U. S. Government Bonds By United Press NEW YORK April 12 Closing Liberties, iDecimals represent thirty-seconds.) —Liberty—--3%S (32-47) 103.26 First 4%s (32-47) 103 23 Fourth 4%s (33-38) 103.16 —Treasury—• 4%s 3%s (45) 102.6 4%s 147-521 110.29 %S (43-471 102.30 3■%s (41-43) March 103 3 3-%s (40-43) June 103.4 3%s (41) 103 3%s (46-49) 100 29 3s (51-55) 99.20 NEW YORK RAW SUGAR FUTURES —April 12High.’ Low. Close. January 1 60 1.58 1.59 March 1.65 1 63 1.64 Mav 1.43 1.39 1.40 j Julv 1.49 1.46 1.46 i September 1.54 1.51 1.53 December 1.58 1.56 1.57

New York Stocks ' ißv Abbott. Hoppin & Co.l — ■——*—

—April 13— Oil Prev. High. Low. 10:30. close. Amerada 50% 51% Atl Rig 29% 29% Barnsdal! 9% ; Consol Oil . 12% Cont of Del 21*4 21% Houston mew) 5 Houston loldl 27 Mid Cont Pet 13% Ohio Oil 13% 13% Pet Corp 12% Phillips Pet 20% 20% Plymouth Oil 13% 13% i Pure Oil 13% 13% | Rova! Dutch . 36 Sbd Oil 37% 37% Shell tin 9% 9% Soc Vac 16% 16% S O of Cal 38% 38 38 37% S O of Kan .... . . 37% S O of N J 46% 46% 46% 46 Sun Oil ... 61 Texas Corp 27% 27% Tidewater Assn 12% 12% ; Un Oil of Cal 17% 17% Steele— Am Roll Mills 24% i Beth Steel 43 43 Bvers AM 28% Col Fuel & Iron 6% Inland Steel 45 i Ludlum Steel ... 16% McKeesport Tin 90 Mid Steel 17% 17% Natl Steel 49% ! Otis Steel 6% i Rep Iron & Stl .. ... ... 21% Rep I Stl pfd 60% 60 U S Pipe & Fd 28% 28% U S Steel 51% 52% U S Steel pfd 97% 96 Warren Bros .. 10% Youngs'n S & T 28% Motors— Auburn 51% Gen Motors ... 38% 38% 38% 38% Chrysler 53 % 53% Gen Motors pfd 99 Graham Mot —4% 4 4 4% Hudson 20% 20% 20% 20 s * Hupp 5% Mack Truck 33% Nash 24% 24 Packard 5% 5% i Reo 4 Studebaker 7% 7% Yellow Truck 18% ... Motor Access— Bendix ... 18% | Bohn Alum ... ... 63%, Borg Warner 15% Briggs 16% 16% | Budd Wheel 3% Eaton Mfg 20% 20% : Elec Auto Lite 27% 27% j Mullins Mfg 14% 15 Mullins Mfg pfd 36% 36 Murrav Body 9% 9% Stew Warner 9% 9% Timken Roll 34% 34% 34% 35 Timken Det Axel .. ... ... 7% Mining— Alaska Jun 21% 21% Am Metals .... .. ... 25Vi 25% Am Smelt • 44% 44% Anaconda 17 16% 17 17% Cal & Hecla , 5% Cerro de Pasco. 36% 37% Dome Mines ... 38',4 38% 38% 38 Granbv' ... • • • 1? Gt Nor Ore ••• 13% Homestak Min • 370 Howe Sound 53% 54 Ins Copper 5% Int Nickel . 28% 28 Kenn Cop 21% 21% 20% 21% Mclnt Mine .... . 48 , 47% Noranda Cop ... 43% 43% 43% 43% Park Utah 5% 5% Phelps Dodge 17% 17% St Joe Lead ... 23’% U S Smelt 125 Vanadium ••• 26% Amusements— Crosiev Rad ... •• 14% Fox Thea .• ■ 15% 15% Loews Inc 35 34% 34% 35% Radio Corp .... 6 7% 3% 8% RKO 3% Warner Bros ... 7% 7% Tobaccos— Am Snuff ... • 55% Am Tob ’A’ 71 72 V* Am Tob B' 73% 72% 73% 73 Gen Cigars ... 35% . ■ Ligg & My ‘B’ . . • 92% Lori'iatd ... 17% 17% 17% 17% Reyn Tob 'B’ .. 43 42% 43 43% RaMs— Atchison 69% 68% 68% 69% Atl Cos Lines ... ••• 48% B & O 30 Can Fac • • 16% 16% Ch & Ohio 47% 47% 47% 47 % Chi & Gt. W 4% C M & St P 6% C M & S P pfd. 11% Chi N W 13% 13% 13% 13% Dela & Hud 66 Del Lac & W 28 % Erie ••• 22% 22% Erie pfd • 27% Grt Northern pfd 29% 29 29 99% 111 Central ... ... 32% K C Sou 16% Lehigh Valley 19% 19% Lou & Nash 59% M K & T 12 M K & T pfd 28% Mo Pac ... •• 434 Mo Pac pfd 7% 7% N Y Cent 36 36% N Y Chi & St L 23 N Y Ch & St L p 33% N Y New Haven 19% 19% .Norfolk & Wes 179 179 ' Nor Pac ... 33% 34% Penn R R 35% 35% Sou Pac ... 28% 28% Sou R R 33 32% Sou RR. pfd 38’% 38% Union Pac ... • 133% West Maryland 15% 15% Equipments— Allis Chalmers.. 19% 19% 19% 20 Amßrake Shoe ... 32% Am Car & Fdy 27% Am Car & Fdy p 51% Amer Loco . 33% 33 Vs Am Mach & Fdy 17 Am Steel Fdy ~ 21 Bald Loco ... 14% 14% Bald Loco pfd 60% Burroughs 15% Case J 1 71% Cater Tract 3% Deere & Cos 30 Elec Stor Bat 46% Foster Wheeler .• ■ 18% Gen Am Tank C •• 41% 41 Gen Elec 22% 22% 22% 22% Gen R R Sig 41% 42 Ingol Rand , 66 Int Harvester ' 41% Natl Cash Reg 19V2 Pullman Inc 57 57 Rem Rand 12% 12% Und Elliot 45% West Air (B) ... 32% 32% Westingh Elec-. .. 38% Worthington P.. .. ... ... 26% Utilities — Am & For Pwr 10 10% Am Pwr & Lit.. 8% 8% 8% 8% AT&T 120% 120 120% 120 % Am Wat Wks 21% 21 Brook Un Gas ... ... . 68 i C'ol Gas & Elec . .. 15% 15% Com & Sou 2% 2% 2% 2% | Consol Gas 38% 37% 37% 38% Elec Pwr & Lit. . ... 7% E P& L pfd . 15% 15% 15% 15% J lilt Hydro Elec.. 7% 7% 7% 7% I Int TANARUS& T 14% 14% ! Lou G & E (A) 17% Nat Twr & Li 11% 11% North Amer 13% 19% ! Pac G& E ... 19% 19% ! Peoples Gas 38% Postal Tel pfd 24 Pub Serv N J 37% 37% So Ca! Edison 19% | Std Gas 12% ! Std Gas pfd 13% Stone & Webster •• 9% [United Corp 6% 6>/4 Un Gas Imp 16% 16% 1 Ut Pwr & Lit A 3% j Western Union 56% 56% Rubbers — Firestone 22 22 % i Goodrich 16% 16% 16% 16% 1 Goodyear 36% 36% Kellv Spring 3% 3% !U S Rubber 20% 20% U S Rubber pfd 48% 48 Miscellaneous—- [ Am Bank Note 19% 19% | Am Can 104 104% [ Anchor Cap 21V* Brklvn Man Tr. . 31% 31 I Conti Can 82% 82 82 82 I Crown Cork 30% , Curtis Pub 28% 28% ! Curtis Pub pfd 82 80 j Eastman Kodak 92 92 i Gillette 10% Glidden - 26% 26% Inter Rapid Tr . 9% Owens Bottle BT% 87% Ravbestos Mfg ... 20% Foods— I Am Sugar ... 54 Armour A 7% 7% 7% 7% Beatrice Cream . ■ . • 15 3orden Prod ... 23 22% 22% 23 Cal Packing . ... 27% 27% 27% 27 | Canada Dry G A 26% Coca Cola 118 117% Cont Bak A 12 Corn Prod 76% 75% Crm of Wheat .... ... 32% 32% S Juban Am Sugar 7% Gen Foods 34% 34% Gold Dust 21% 21% 21% 21% G W Sugar 30% Hershey 57% Int Salt 30% Loose Wiles ... . 42% Natl Biscuit ... 44% 44 44 43% Natl D Prod • • • 15% 15% Puritv Bak 16% S Porto Rico S 34% 34% Spencer Kellog .. 21% Std Brands . .. 22% 22 22% 22 Un Biscuit 26% 26% United Fruit 70 W’rigiev 62 Retail Stores — Ass Dry Goods . .. ... ... 16% Best & Cos 33% First Natl Stores 65% 65% Gimbel Bros ... 5% 5% Gr L 7 n Tea 6% Hahn Dept Sts 7% 7% Jewel Tea .... ■ . •• 48% Kresge S S 20% 20% 20% 20% Kroger Groc ... 32% 32% Macy rH . 50 Marshall Fields.. 19% 19 19 19% Mav Dept 5t.... . 41% 41% Mont Ward .... 31% 31% 31% 32 Natl Tea 17, Penny J C .. ... 67% 67% Safeway St . . 53% ; Sears Roebuck .. 50 49% 50 50 : Woolworth 52% 52% 52% 52% Aviation—- : Aviation Corp 9% 9% Curtiss Wright 4% 4% : Curtiss Wri (A) 11% Douglas Air ... 25% 24% Nor Am Av 6% 6 6 6% I Speerv Corp . 10% United Aircraft 23% 23% 2?% 23% Wright Aero ... 60% 58% 58% 58% Chemicals — Air Reduction 99% 98% 98% 98% Am Com Alcohol 50% 50% Cos! Carbon ... 70% 70 Com Solvents ... 29% 29% 29% 29% Dupont ... 97 98* 97 98% Freeport Tex 45% Liquid Carb 30 Math Alkali 36% 36% Montosonta Ch . . . 94% Natl Dis tnewi. 30*. 30% 30% 30*4 Schenelev Dist 37% 37 37 37% Tex Gulf Sulph 37% 37% 37% 37% Union Carbide 45% 45% 45% 45% U S Ind Aicohol 53 Virg Ch jdß apfd 30% Drur* > Coty ■■■■, 7% 7 7 7% Lam’ - . .. .. 37 DO ■ <%, 16% 16% ’

THE INDIANAPOLIS TIMES

Zonite Prod 7% 7% Financial Adams Exp 10 10 Allegheny Corp . 3% 3% 3% 3% Am Int Corp 9 9 Chesa Corp 47 473., Lehman Corp 74 Transamerica 6% Tr Conti Corp 5% 5% Building— • Am Radiator ... 16 15% 15% 15% Gen Asphalt 19% 19% Int Cement 30% 30 Johns Manville .. 58 57% Libbv Owens Gls 37% 37% 37% 37% Otis Eley ... ... 15% Household— Col Pal Peet 17% 17% Congoleum . . 27% Kelvinator ... . 19** 19 19% 19% Mohawk Carpet. .. ... 18*4 Proc & Gamble 35% 35*s Simmons Bed 2- 21% Textiles— Amer Woolen 14% Beiding Hem ... 14% 14% Celanese Corp 38% Collins Aikman . 24 Indus Rayon ... 90% 89 90% 88% Gotham Hose ... 10% 10% Kavser Julius 17% 17% Real Silk 10%

Bond Prices

By Fenner & Beane High. Low. 10:30 Alleg Corp 5s ’SO 44% 43% .44% Am&For Pwr 5s 2030... 54% 53% 54*4 AT&T db 5s 65 107 % Atchison gen 4s ’95 ... . . 102 B&O cv 4%s '6O . .. 72 % 72 72 Beth Steel 5s A '36 . . 102% ChMStP&P ad 5s A 2000 19% 19% 19% ChMStP&P rs 5s A ’75 55% 55% 55% Cons Gas NY 4%s ’57.. .. ... 99% Denmark 5%s '55 . . 92% Det Ed 5s E '52 105% 105 105 £ne RR rs 5s '67 ... 77% 76% 77 Goodyear 5s '57 99 98% 99 Gt Nor 7s A '36 99% 99% 99% Interboro RT 5s '66 71% 71V, 71% Int T&T db 5s ’55 62% 67% 67% Lorillard 7s 44 .118% 118% 118% McKees&Robb 5%s 'SO . 85% 85 85 Nat Dairy db 5%s '4B . 93% 93*4 93% NY Cent 4%s O 2013... 81*3 Nor Am 5s '6l ... 90 89% 89% PacGas&El 5s A '42 106 Para Pub 5%s 'SO ... 53% Penn RR 4% D 'Bl 96 Poland 7s '47 96% Sin Cons 6%s B '3B 104% Texas Corp 5s '44 102% 102% 102% Un Pac Ist 4s ’47 .. . 104% U S Rubber 5s A '47.. 88% 87 88 Western. Union 5s ’51.. 94 93% 94 Investment Trust Shares —April 12— (By Abbott. Hoppin & Cos.) Bid. Ask. American Bank Stocks Corp.. 1.18 1.22 American & General Sec A... 5.00 7.00 American & Inv Tr Sh 1.50 Basic Industry Shares 3.62 3.70 British Type Inv Tr Sh 55 .62 Collateral Trustee Shares A 4.95 5.05 Corporate Truste Shares (old) 2.20 2.23 Corporate Trust Shares (new) 2.48 2.52 Cumulative Trust Shares 4.25 4.37 Diversified Trust Shares A... 6.25 Diversified Trust Shares 8... 8.25 8.50 Diversified Trust Shares C... 332 3.36 Diversified Trust Shares D... 5.00 5.12 First Insurance Stock Corp... 1.30 1.35 First Common Stock Corp 83 .86 Fixed Trust Oil Shares A.... 865 .... Fixed Trust Oil Shares B .... 7.80 .... Incorporators Investments.... 19.00 19.25 Land Bank Bond Shares .... 1.10 1.23 Low Priced Trust Shares .... 6.70 6.85 Mass Inv Trust Shares 19.56 21.26 Nation Wide Securities 3.35 3.60 North Am Trust Shares (53).. 1.95 2.00 No Am Trust Shares (55-56).. 2.49 2.50 North Am Trust Shares (58).. 2.57 2.62 Selected American Shares .. 2.75 Selected American Shares Inc 1.27 1.32 Selected Cumulative Shares... 7.00 .... Selected Income Shares 3.50 4.00 Std American Trust Shares A 3.12 3.18 Trust Shares of America 2.98 3.02 Trustee Std Oil A 5.80 5.90 Trustee Std Oil B 5.30 5.45 U S Electric Lt & Pwr A 12.63 13.00 Universal Trust Shares 3.20 3.25 Daily Price Index By United rrrss NEW YORK. April 12.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 Average, 100) Today 107.60 Yesterday 107.00 Week ago 107765 Month ago 110.24 Year ago 75.97 1934 High 'March 12) 110.24 1934 Low (Jan. 3) 101.05 Copyright, 1934, by Dun & Bradstreet, Inc. Foreign Exchange (By Abbott. Hoppin & Cos.) —April 12Close. Sterling. England $5.16% Franc. France 0660% Lira. Italy 0857% Franc. Belgium 2343 Mark. Germany 3957 Guilder. Holland 6771 Peseta. Spain 1368% Krone. Norway 2598 Krone. Denmark 2312 Yen. Japan 3045

Bright Spots

(By Abbott. Hoppin & Cos.) Dome Mines output in March totaled $615,227 against $510,577 in March of 1933. Superior Oil Corporation and subsidiaries in first quarter of this year had a net profit of $74,594 after charges against a net loss of $137,039 in the like 1933 quarter. Union Pacific Railroad Company March operating income totaled $665,592. Retail deliveries by the Chrysler Motor Car Corporation during the week ended April 7 totaled 4,355 cars, anew high for the year. Fair Company in the year ended -Jan. 31 had a net profit of $250,572 after charges against a net loss of $667,946 in the previous year. Utah Copper Mining Company in 1933 earned 57 cents a common share against a net loss of $2,469,704 in .1932. Gulf States Steel Company in the quarter ended March 31 had a net- loss of $9,813 after charges against $98,481 in the first quarter of 1933. Business booked by Baldw-in Loco Works and affiliate companies in the first quarter of this year amounted to $5,997,000 against $1,500,000 in the like 1933 period. International Cigar Machinery Company declares a dividend of 45 cents a share on the common stock. Previous payment was 37% cents a share quarterly. American Machine and Foundry Company declares the regular quarterly dividend of 25 cents a common share. American Beet Sugar Company in nine months ended Dec. 31 earned $24.69 a share on the 7 per cent preferred stock. After allowing only nine months dividend requirements on the preferred, balance was equal to $2.58 a share on the commond stock. Libby Owens Ford Glass Company declares the regular quarterly dividend of 30 cents a share on the common stock. Consolidated Mining and Smelting Company and subsidiaries in 1933 earned $1.62 a share on the common stock against a net loss of $2,908,102 in 1932. Chicago, Rock Island & Pacific Railway lines February net loss was $1,288,048 after charges against $1,604,951 in February. 1933. Lehigh Portland Cement Company in twelve months ended March 31 had a net loss of $434,407 after charges against $2,164,166 in the previous twelve months. In the Cotton Markets —April 12— Chicago High. Low. Close. January 12.46 12.41 12.41 March 12 55 12.52 12.52 Mav 12 08 11.99 12.00 Julv 12 19 12.09 12.11 October 12.30 12 22 12.25 December 12.40 12.33 12.35 New- York January 12.38 12.32 12.32 March 12 47 12.41 12.43 Mav 12 00 11.31 11.31 Julv 12.11 12.02 12.03 October 12.22 12.13 12 15 December 12.33 12.24 12.25 New Orleans January 12.30 12.28 12.28 March 12 45 12.40 12 40 Mav 12 04 11 95 11.96 Julv 12.10 12 00 12.01 October 12 23 12.12 12.13 December 12.28 12.23 12.24 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed DOMESTIC RETAIL PRICES Anthracite $4.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana, forked lump 5.50 Indiana, egg 500 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 3.25 Pocahontas forked lump 925 Pocahontas mine run 7.25 New River smokeless $.25 West Virginia lump 6 75 West Virginia egg 6 50 Island Creek .. 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to sis. Seat Value Increases By United Press NEW YORK, April 13.—Arrangements were completed yesterday for sale of a New York Stock Exchange, seat at $140,000, up $40,000 from the ' * previous transaction.

PORKER PRICES UP 10 CENTS ON BETTER DEMAND Cattle Scarce and Steady; Lamb Values Higher at $7.60 Down. An advance of 10 cents from yesterday's average was registered in hog prices at the Union Stockyards this morning, improved shipping demand and a slightly stronger undertone prevailed during the initial trading. General bulk of 130 to 160 pounds sold at $4.10, while several better grade classes were selling at $4.15.; Small lot or two of good and choice kinds were salable around $4.20. Light slaughter pigs, weighing 130 to 160 pounds, brought $3.25 to $3.75. Light lights, scaling from 100 to 130 pounds, cashed in at $2.25 to $3. Receipts were estimated at 7,000. Holdovers, 290. Usual Friday week-end cleanup trade prevailed in the cattle market, with early sales on odds and ends j around steady. Activity was scarce j in practically all classes. Receipts j numbered 200. Vealers remain unchanged, selling at $6.50 down. Top was $7. Receipts were 700. Slight strength was evident in lamb trading, with several classes around 10 cents higher than the previous close. Early supply con-1 sisted mostly of shorn western grades, selling at $7.60 down. Receipts were 600. Few bids on hogs at Chicago were strong to 5 cents higher than yesterday’s average. Bulk 180 to 220 pounds was bid in at $4.10 to $4.15. Receipts were estimated at 14.000, including 6.000 directs; holdovers, 2.000. Cattle receipts. 1.500; calves, 800; market steady. Sheep receipts, 15.000; market around 25 cents lower. HOGS April Bulk. Top. Receipts. 7. $4 05(3 4.20 $4 25 2.000 9. 3 85® 4 00 4.05 9.000 10. 3.75(q! 4.00 4.00 7.000 12. 4.00 4.15 6.000 11. 4.00@ 4.10 4.15 5.000 12. 4.10 4.20 7,000 Market Higher. (140-160) Good and choice $ 3.50® 3.70 —Light Weights—--1160-180) Good and choice.. 4.10 (180-200 Good and choice .. 4.10 —Medium Weights—-(2oo-220) Good and choice .. 4.10® 4.20 (220-250) Good and choice .. 4.10® 4.20 —Heavy Weights—-(2so-290) Good and choice .. 4.10® 4.20 (290-350) Good and choice .. 3.900 4.10 —Packing Sows—(3so downt Good 3.25® 3.50 (250 up) Good 3.10® 3.35 (All weights) Medium 3.00® 3.25 —Slaughter Pigs—-(loo-130) Good and choice .. 2.25@ 3.00 CATTLE Receipts, 280; market, steady. (1,050-1,100) Good and choice $ 6.50® 7.50 Common and medium 4.50® 6.50 (1,100-1,500) Good and choice 6.25® 7.65 Common and medium 4.75® 6.25 (675-750) — Good and choice 5.25® 6.25 Common and medium 3.00® 5.25 (750-900) Good and choice 4.75® 6.00 Common and medium 2.75® 4.75 —Cows— Good 3.50® 4.00 Common and medium 2.75# 3.50 Low cutter and medium 1.50® 2.75 —Bulls (yearlings excluded)— Good (beef steersi 3.00® 3.75 Cutter, common and medium.. 1.75® 3.00 VEALERS Receipts, 700; market, steady. Good and choice $ 6.50® 7.00 Medium 4.00® 6.50 Cul 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 (800-1.500) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 600; market, higher, shorn basis (90 lbs. down) Good & choice $ 7.00® 7.60 (90-110 lbs.) Good and choice 6.75@ 7.25 (500 lbs. down) Com. and med. 6.00® 7.00 —Ewes— Good and choice 4.00® 5.00 Common and medium 2.00® 4.00 Other Livestock By United Press CHICAGO. April 13.—Hogs—Receipts, 14,000, including 6,000 directs; active, 5 to 10 cents higher than yesterday; 170-240 lbs.. $4.10<3 4.20; top. $4.20: 250-300 lbs., $3.90® 4.10; 140-170 lbs., $3.60® 4.10: good pigs. $2.75®3.25; packing sows, $3.15®8.40; : fight lights. 140-160 lbs., good and choice, i [email protected]; light weight, 160-200 lbs., good and choice, $3.90® 4.20; medium weights. 200-250 lbs., good and choice. $404 20: heavy weight. 250-350 lbs., good and choice, $3.75®4.10; packing sows, 275-550 lbs., medium and choice. $3®3.50: slaughter pigs. 100-130 1b3., good and choice, $2.50®3.50. Cattle—Receipts, 1,500; calves. 8000; killing classes fairly active, steady to strong; heavy steers and all cows shade higher in instances; common light heifers, slow; best 1,536 lb. averages, $7.60; selected vealers. $6 0 6.50; general quality plain; slaughter cattle and vealers. steers, 550900 lbs., good and choice. $6.250 7.75: 9001.100 lbs., good and choice, $6.2507.90: 1.100-1,300 lbs., good and choice. $6.50® 7.90: 1,300-1.500 lbs., good and choice. $6.25 ®7.90: 550-1,300 lbs., common and medium, $4.250 6.50; heifers, 550-750 lbs., good and choice, $5 2506.35; common and medium. $3.5005.25; cows. good. $3.7504.50; com- ! mon and medium. $2.8503.75: low cutter j and cutter, $1.90 0 2.85: bulls, yearlings excluded, good beef, $3.1503.75; cutter, common and medium. $2.7503.35; vealers. good and choice, $506.50: medium. s4® 5: cuil and common ,s3®4: Stocker and feeder cattle, steers, 550-1.050 lbs., good and choice. $4.75®5.75; common and medium. $3.250 4.75. Sheep—Receipts, 15.000; fat lambs in fairly good demand despite increased numbers; sellers asking fully steadv to stronger, but little done early; good to choice kinds help upward to $9.50 and above; early bids under $9.25; sheep, steady; slaughter sheep and lambs, lambs, 90 lbs. down, good and choice. $90.9.50; common and medium, s7®9; 90-98 lbs., good and choice, $8.7509.50; ewes. 90-150 i lbs . good and choice. $3.750 5.25; all i weights, common and medium, s3® 4.25. LAFAYETTE. April 13.—Hogs—Market, 10 to 25 cents higher; 200-325 lbs.. 53.75® 3.95; 160-200 lbs.. $3.7503.85: 140-160 lbs., $3.2503.50: 125-140 lbs., S2 75 03: 100-125 lbs.. S2O 2.50; rouge, $3 down. Top calves. $5.50. Top lambs, SB. FT. WAYNE. April 13.—Hogs—Steadv to 10 cents higher; 250-300 lbs.. $4.10: 200250 lbs.. $3.95; 180-200 lbs.. $3.85; 160-180 lbs., $3.60: 150-160 lbs.. $3.45; 140-150 lbs., $3.20; 130-140 lbs., $2.95; 120-130 lbs.. $2.45; 100-120 lbs., $2.10: roughs, $2.75: stags, $1.50. Calves. $6.50. Lambs, $9 down. By Times Special LOUISVILLE. April 13.—Cattle Receipts.. 100: supply very light; quality plain: market fully steady; bulk common to medium steers and heiferj salable, $4 ®5: better finished kinds eligible. $5.25 i 0 5.75 and above for strictly good baby beef type yearlings: beef cows mostly. $2 50 ®3.50: smooth heifers ty rs quotable higher: bulk low cutters ana cutters. 51.25® : 2 25; sausage bulls. $3.75 down: common to medium native stockers and feeders, $3 ®4: most desirable Hereford and short- : horn stockers. ss® 5.25. Calves—Receipts, i 350. steadv; bulk better vealers, $4.50® 5: strictly choice eligible to $5.50; medium and lower grades. $3.50 dotvn. Hogs—j Receipts. 800: market, steadv: 170-240 lbs.. $4: 245-270 lbs . $3 65: 275 lbs. up. $3 30 145-165 lbs.. $3.15: 120-140 lbs., $1.80; sows. $2.05. Sheep—Receipts. 25: steady; medium to good wooled lambs. S7O 8: choice eligible higher; common light throwouts. $5: fat wooled ewes. $2.5003; better spring lambs salable. slo® 11. NET EARNINGS INCREASE North American Car Corporation Shows Three Months Gain. By Times Speeial CHICAGO, April 13. —Earnings of the North American Car Corporation for the first three months this year 4 r ere slightly above the corresponding period last year. N. L. Howard, president, announced at the annual meeting of stockholders here this week. All officers of the concern were reappointed, and by-laws were amended to allow directors, at their discretion, to place a mortgage on real estate owgied*

Chicago Stocks ———— o T Abbott. Hoppin * Cos. ——————

—April 13— High. Low. 11:30 Adams Mfg Asbestos Mfg 3% 3% 3 Berghoff 9 B’s 9 Bendix Aviation ...... „ ■ , if, Borg-Wamer 25% 25- -5% E L Bruce Cos Butler Bros 12 H'* Cent 111 Securities, com % Cent & So West J% Chicago Corp com • ■ 2% Cities Service 2s 2% 2s Commonwealth Edi .... 57 56% 56% Cord Corp 6 i 6% 6% : Gen Household Ut .... 16 15% 16 Gt Lakes Dredg* Libbv-McNeil <% 6% i's Lion Oil Ref Cos • * Lvnch Corp 34 33 33 ; ; Midoie West Utilities % Midland United National Standard 24 23% 24 Nobiitt-Sparks Ind Inc 14% Ontario Mfg 12 Produce Markets Delivered in Indianapoiis Prices—Hens. [ lie. Leghorn Uens. 8c Leghorn spring-.-stags, 6c; large springer-stags. 9c; cocks 5 lbs. and over 6c; under 5 lbs., 4c; ducks, full feathered and fat. 4% lbs. and j over 7c; geese, sc; young guineas. 1% to 3 j ibs., 30c: old guineas. 20c. No. 1 strictlv 1 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 by Wadlev. Bt United Press CHICAGO. April 13.—Eggs Market, firm; receipts 38.602 cases; extra firsts. 16%c; fresh graded firsts. 16c; current receipts, 15%c; dirties. 14c; checks. 13%c. Butter—Market, firm; receipts, 7.946 tubs; extra firsts (90-81% score). 21®21%c: firsts 188-89 1 i score). 20%®20%c; seconds 'B6-87% score). 20c: extras (92 score), 21%c: specials. 22®22%c: standards. 21 %c. Poultry—Market, firm; receipts, 19 trucks, one car; one car due; heavy hens, 140 16c: ducks. 12® 15c; old roosters. 9%c; springs colored and White Rocks over 3 lbs., 23c: colored and White Rock Broilers 1 to 2 lbs., 26c: geese. 8c; Plymouth Rock 26c: Leghorn broilers. 22c: barebacks. 19c; canons. 20c: colored and White Rock frvers over 2 lbs., 25c. Cheese—Twins. 12 [ ®l2%c; longhorns. 12%®12%c; daisies.; 12 %®l2■% c. Potatoes—Old stock, supply liberal: demand and trading slow: market about steady; Idaho Russets one car $1.65. j two cars. $1.67%, three aers, $1.70, com- [ bination grade, one car $1.45, U. S. No. 2 one car. $1.35: Washington russets combination grade two cars, $1.50; Colorado : McClures one car $1.65: one car $1.75: | Minnesota and North Dakota Red River i Eearly Ohios one car $1.45, one car $1.50; | Nebraska triumphs one car $1.45. New stock—Supply moderate: market nominally steady: no sales reported. Shipments 885, arrivals 96. on track 339. NEW YORK April 13—Potatoes—Dull; Long Island. $l.lOO 2.20 bbl.; Southern, $3.60®6 bbl.: Maine. $103.75 bbl: Idaho. S2O 2.20 saefl: Bermuda. $405.50 bbl; Canada. $1 8001.90 bbl. Sweet. PotatoesFirm: Jersey, basket. 50c®51.90; Southern, basket, 60c® $1.65. Flour—Earier—Springs patent. $6.1506.40 bbl. Pork—Steady; mess, $20.25 bbl. Lard—Dull; middle west spot. $4.600 4.70 per 100 lbs. Dressed poultra—Steady; turkeys. 18®25%c; chickens. s®29c; broilers, 16@29c: capons, 20® 32c: fowls. 14®18c: Long Island ducks. 15%@17c. Live Poultry—Firm; geese. 7® 9c: turkevs. 18@>22c; roosters. 10c, ducks. B@l2c; fowls, 17018 c; chickens, 100 12c; capons, 22c; broilers. 14® 25c. Geese — Easv; state whole milk fancy to specials, 18019 c. Butter—Receipts, 8.576 pkgs.; market, firm: creamery, higher than extras, 23%®24c: extra. 92 score. 23c; firsts. 90 to 91 score, 22%®23c: firsts. 89 score. 22%c: centralized. 90 score. 22%c; centralized, 89 score. 22%c. Eggs—Receipts, 19.526 cases; market, firm; special packs, including unusual hennery selections. 18% @2o%c; standards. 18®18%c: firsts. 16%® 17c: seconds, 15%®16c: mediums, 15%c; dirties, 16c; checks, 15®15%c; storage packs, 17%c. CLEVELAND, April 13—Butter—Market firm; extras, 25%c, standards, 25%c. Eggs —Market, firm; extra white. 15%c; current receipts. 15c. Poultry—Market steady: colored fowl. 4% lbs and up. 17c: colored fowl medium, 16c Vs Leghorn fowl. 3% lbs and up, 15c; Leghorn fowl, 13c; broilers colored, 25c; old roosters, 10c; ducks, wihte. 5% lbs. and up. 20c: ducks, light, old. 17c; geese ordinary. 12c: broilers, fancy Rock. 29c; broilers, Leghorn, 23c; stags, 14015 c. Potatoes—Maine, mostly $2.25 per 100 lb sack; Idaho, mostly $2; . Ohio and New York. $1.8501.90; Michigan, $1.8501.90. ENGINEERING AWARDS 33 PER CENT LOWER Largest Drop Shown in State and Municipal Contracts. % By United Press NEW YORK. April 13.—Engineering awards at $19,541,000 are 33 per cent lower than last week, and 19 per cent below the average week to date this year, as reported by Engineering News-Record. The largest drop. 37 per cent, is in state and municipal awards. Federal contracts are more than twice last week and almost double the previous four-weeks’ average. Private awards are 17 per cent below last w r eek. Streets and roads drop again to the second lowest week of the year, $4,900,000. compared w’ith $6,100,000 last week. Earthwork, irrigation and drainage are up $3,300,000 compared with $1,400,000 last week. Sewerage contracts are below the record high of last week but well j above the average week to date $1,600,000. Bridges are below last week but well above the previous four weeks’ average. Industrial buildings are ahead of last week, $2,100,000, while commercial buildings are the lowest j for the year. $300,000. Public buildings are only slightly below last j week. AMERADA CORPORATION SHOWS LARGE PROFITS Earnings for Year Reach $380,443 After Huge Loss. By Times Special CHICAGO, April 13—Amerada j Corporation in 1933 had a net profit j of $380,443 after deduction for depreciation. depletion, intang ib 1 e drilling and all other charges, j equivalent to 50 cents a share on 767,375 shares of outstanding stock at the end of the year. This compares with earnings of $1,147,207 or $1.48 a share in 1932. Report of the profit was all the more remarkable because of a loss of more than $500,000 which the company suffered in the first six i months of the year. Although increased oil prices were , established during the second half of the year, the average price j realized per barrel Qf crude oil was 64 cents, compared with 85 cents in 1932. AUBURN ORDERS CLIMB Company Reports Unfilled Demand Larger Than 1933 Shipments. Unfilled orders in the export department of the Auburn Automobile Company total more than the company's entire export shipments for 1933, W. H. Beal, president, announced today. Indications are, he said, that export sales will be at least five times greater for the year than for 1933. “It is significant of world eco- i nomic conditions,’’ the Auburn executive said, "that a great many of these orders are coming from world markets which have been more or 1 less dormant for several years.” Fifty-one world markets ar e j represented by the orders, Beal said, or nearly double the company’s coverage last year. Nineteen new export accounts have been added in the last six weeks. CHICAGO FRCIT MARKET By United Press CHICAGO. April 13.—Apples—MichiKan Baldwins. $1.50® 160 bushel. Carrots—lllinois. 50 cents bushel Spinach—Texas 85c® $1.25 bushel. Beans—Southern Breen $2 60 08: wax. S3O 3.25. Cucumbers—Central western hothouse, s2® 2.50 2 doz. to box). Tomatoes—Florida. $1.2502.75 ilug bu.>. Sweet potatoes—Tennessee. $1.60® 1.70: Indiana. $2®2.10. Mushrooms—llli- , nois. 17%® 32%c. Asparagus—California. S2 21®3 25 (doz. bunches). Leaf lettuce— Illinois hothouse, 12%c ' box i: 35® 40c (10lb. basket). Onion market 150-lb. sacks) Western Valencias. 75c®51.25: western whites, $1 25® 1.50; Michigan yellows, 65® 85c; Oregon yellows, 75® 85c: central westera yellows. 50680 c, Texas yellows, 81.75.

Potter Cos 7 Swift &Cos 18% 17% 18 Swift Intern 29% 29 29% Thompson JR B** Utility & Ind 1% Utility & Ind pfd 4 Vortex Cup Cos 10% Walgreen Vo com .. 27 Zenith Radio .... 3% 3% 3% ATLANTIC & PACIFIC SALES REVEAL GAIN Increase of $6,312,867 Shown Over Same Period of 1933. Sales of the Great Atlantic & Pacific Tea Company for the five weeks ending March 31 amounted to $81,292,409. This compared with $74,979,542 for the same period in 1933, and is an increase of $6,312,867, or 8.42 per cent. March sales expressed in tons were estimated at 477.825 this year, compared with 495.208 in March 1933. This is a decrease in quantity of merchandise sold of 17,383 tons, or 3.51 per cent. Average weekly sales in March were $16,258,482. compared with $14,995,908 in 1933, an increase of $1,262,574. Average weekly tonnage sales amounted to 95,565, compared with 99.042 in March 1933, a decrease of 3,477 tons. INSURANCE SALES UP New York Life Reports Gain of 14 Per Cent for First Quarter. By Times Special NEW YORK, April 13.—Thomas A. Buckner, president of the New York Life Insurance Company, announced today that the volume of new applications for insurance received by his company in March was higher than any month of the last two years. During the first quarter of 1934 sales increased 14 per cent over 1933, the amount of new insurance upon which the first premium was paid being $109,885,000 as compared with $96,094,000 last year. * On Commission Row —April 13Fruits Apples—New York Baldwins, fancy. $1.75 up; fancy Staymans. $2.25; fancy' Winesaps. $2.50. Oranges—California Sunkist. $3.25@4; Florfdas. s3® 03.25. Lemons—Sunkist, $5.50. Grapefruit—Arizona seedless 80s. $2.75® 3; Florida. $3.25. Strawberries—Louisiana. 24-pt. crate. $3.25 0 3.50. Melons—Argentina Honeydews. $2.50. 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. $2 85 a crate: mammoth bunch. 85c; medium bunch. 45c: hearts, dozen bunch. $1.35. 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 McClures. $2.25; Idaho Russets, $2.25; Wyoming Triumphs. 50-lb. bag, $1.15; New Florida Triumphs. $2. Sweet Potatoes—lndiana Jersevs. per bushel, $2.25; Porto Ricans, $2. Asparagus—California select, crate. $2.25 @3.00. Beans—Round, stringless, $3.50; lima. $3.25® 3.50. Beets—New’ Texas. 3-dozen crate. $2; bulk per bushel. $1.50. Carrots—California, 6-dozen crate $2.75bulk new’, $1.40; bulk old. $1.75. Cauliflower—California. $2.35. Cucumbers—Hot house, per dozen. $1.25. Lettuce—Hot house. 10-lb. basket. 60c; Iceberg best, $3.250 3.75 a crate. Peas—2 B-lb. hamper. $2.25 ; Radishes—Hot house buttons. 60 a dozen. Rhubarb—Hot house. 60c a bunch. Spinach—New Texas. sl.lO per bushel Tomatoes Repacked, 10-lb. carton. $1.25; selected, cellophane wrapped. $1.50original Florida. 20-fb. lug. $2.50. NEW YORK COFFEE FUTURES —April 12— SANTOS , High. Low. Close. March 11.38 11.31 11.38 May 10.77 10.70 10.74 July 10.88 10 80 10 88 September 11.23 11.14 11 20 December 11.34 11.23 11.29 RIO January 8 70 March 8.80 May 8.44 8.38 8.44 July 8 60 8.55 8.59 September 8.64 8.63 8 67 December 8.74 8.67 8.74 ARE YOUR “4TH” LIBERTY BONDS CALLED? Invest the proceeds of your called 4th Liberty Bonds in shares which have paid dividends regularly for 43 years. Fletcher Avenue Saving & Loan Association shares offer a sound, long time invest- . ment secured by first mortgages on real estate only. FLETCHER AVENUE SAVING & LOAN ASSN. 10 E. Market St. Indianapolis Indiana

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APRIL 13,1934

FUTURE VALUES UROP FRACTIONS IN LIGHT TRADE Continued Selling of May Deliveries Weakens All Months. BY HARMAN \V. NICHOLS I nitrd Press Staff Correspondent CHICAGO. April 13— Stocks were lower and grains followed the pace at the opening of the Board of Trade today. Wheat deliveries were *4 to \ cent lower: corn was % to c+nt lower: oats was % to % cent lower, and rye was down to *2 cent. There was nothing in the news to encourage buying and liquidation of May deliveries continued. Chicago Primary Receipts —April 12 Bushels .... . • Today Las, Week "heat 293.000 271 000 Corn 283.000 194.000 Oats 99.000 78.000 Chicago Futures Range —April 13— Prev. WHEAT— High. Low. 10:00. close May 84% .84% .84% .85% July 84% .84% 84% .85% Sept 86% .85% .85% .86% CORN - May 47% .46% .47% .47% July 49% .49% 49% 50% Sept 52 .51% .52 .52% OATS— May 30% .30 .30% 30% July 31% 30% .31% .31% S^ yE _l’ -31% -31% .31% May 58% .57% .58% .58% July 60% .59*8 .59% .59% Sept. 61% .61% .61% .61% BARLEY— May 40) j .40% July 42 .41% .42 .42% Sept. 43% .43% .43% .44 CHICAGO CASH GRAIN By United Press CHICAGO. April 12. —Cash grain: Wheat. —No. 3 red, 88%c; No. 2 hard. 88 ?c; No. 2 hard weevilv. 7;%c: No. 2 mixed. 86c. Corn—No 2 raiAfi 48%c: No. 3 mixed. 48%c; No 2 yellow’. 49®49%c; No. 2 yellow. old, 49%®49-%c: No. 3 yellow, 48%® 49c; No. 3 yellow, old. 49%c: No. 6 vellow. 47%c; No. 2 white. 51c; No. 2 white, old, 51%c; No. 3 white. 50%c; lake billing. No. 2 yellow. 49c; No. 3 yellow. 48%cNo. 2 white, 51%c. Oats—No 2 white 33®34c: No. 2 white lake. 32%c; No. 3 white. 33 Uc; No. 4 white. 31®31%c- No 4 lake, white. 31%c. Rye—No auote. Bariev —63 0 67c. Timothy -- $6 50 06 90 Cloverseed—sllol2.7s. Cash provisions—Lard $5.95; loose, $5.87; leaf. $5.87; S. Bellies! SB. TOLEDO CASH GRAIN By United Press TOLEDO. April 12.- —Grain close: (Grain in elevators, transit billingi. Wheat—No 2 red, 890 90c. Corn—oN . 2 yellow 52®’ 53c Oats—No. 2 white. 36®37c. Rye—No 2,64065 c. (Track prices 28%c ratet’ Wheat—No. 1 red. 85®85%c: No 2 red 48 ®Bsc. Corn—No. 2 yellow. 47%®48%c: No 3 yellow, 46%®47%c; No. 4 yellow. 45%,0 46%c. Oats—No. 2 white, 33®34%c: No. 3 white, 32%®34c. Seed close: Clover—Indianapolis Cash Grain —April 12— The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b., shipping point, basis 41% New York rate, were: Wheat—Weak: No. 1 red. 81%®82 ,; >c’ N- 1 2 red. 80%®81 %c; No. 2 hard 80%®> Corn—Easv: No. 3 white. 44®45c- No 4 white. 43G44c; No. 3 yellow. 42® 43c: No. 4 yellow. 41042 c: No. 3 mixed. 41®42cNo. 4 mixed. 40®41c. Oats—Weak: No. 2 white. 29®30c: No. 3 white. 280 29c —lnspections Wheat—No. 1 red. 1 car: No. 2 red. 2 cars. Total. 3 cars. Corn—No. 3 white. 3 cars: No. 2 yellow. 1 car: No. 3 yellow. 3 cars. Total. 7 cars. Oats—No. 2 w’hite, 5 cars:; No 3 wnite 2 cars: No. 4 white 1 car. Total. 3 cars. Rye—No. 2. 6 cars. Total. 6 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 75 cents for No. 2 soft red wneat. utner grades on their merits

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