Indianapolis Times, Volume 45, Number 293, Indianapolis, Marion County, 18 April 1934 — Page 13

APRIL 18,1934

Wall Street Brooklyn Bank Teaches Its Help Responsibilities to Public. BY RALPH HENUERSHOI Time* Spfrlai Financial Writer THE Greenpoint Savings bank of Brooklyn is doing what appears to be a real job in providing the service to which the public is entitled from an institution of that sort. At least, it is bending every effort tow-ard that end. Perhaps, the most important thing it is doing in that direction is the instruction of

its emp 1 o yes from the president on down on how to deal with its clients. Banks of all kinds have spent considerable advertising money in telling the public what it ; may not expect I from them, and j how really competent and efficient are their employes and executives. Yet it is worth ;

L ’,

Ilendershot

noting that most people enter a bank with murh the same feeling they have when going into a dentist's office. Obviously they have not sought seriously to back up the reputation they would like to have and have sought to create by instructing their people outside of their advertising departments on their deportment during business hours. A department store doing business on the same basis probably would not last very long. The Greenpoint sought to followthrough on its advertising by calling in a specialist—Granville B. Jacobs—to conduct a special study course for its employes. At least once a week, after banking hours, Mr. Jacobs lectures to them, explaining their responsibilities in addition to their regular duties. a a a Sees Bank Responsibilities CREDIT for these efforts is due largely to George W. Felter, president, who, incidentally, wall complete fifty years with the bank this year. Mr. Felter says he believes the public Is entitled to a great deal more than merely a passbook and 3 per cent on its money. It is our policy, he advises, to do everything within our power to be of helpful assistance to our people. We have attempted to show Brooklyn people that we are deeply concerned about their problems. The Greenpoint is not an especially big bank as big banks go in this country. But it is a big bank, and an important one, in its own community. And it is one of the soundest institutions in the United States, a condition of which Mr. Felter may be justly proud in these trying times. Perhaps he is thinking just a little more about the public and a little less about size than most bankers. a a a To Speculate or Not WHETHER we like it or not. or whether it is a good thing, we are constantly speculating, in the opinion of Weingarten & Cos., members of the New- York Stock Exchange. 'As long as gold remains our currency base,” that firm contends in a letter to its clients, "speculation can be avoided only through the ownership of gold and that has been prohibited by the government; so willy nilly, investor, bond buyer, real estate owner, business man. exporter, importer and the purchaser of common stocks find themselves speculating, consciously or not.” Probably the most conservative investment known to man, it goes on to say, is the purchase of an annuity. But here, too, one is buying an uncertain purchasing power; the yearly annuity payments may provide much more or much less in buying power during the life of the annuity. This argument is advanced to offset the demand in Washington for less speculation in stocks. The points made are true in every respect. They may or may not be entirely pertinent, however. To say that speculation can not be avoided does not necessarily stamp it as good. It would hardly, at least, justify excessive speculation.

Bright Spots

(Bv Abbott. Hoppin tr Co.I American Locomotive Works unfilled orders at present time amount to $7,248.000. against *1.313.000 a vear ago. General Electric Companv earnings in the quarter ended March 31 amounted in It cents a share on the common stork, against S rents a share in the quarter of 1933. Pennsvlvanla Railroad Company February net income totaled $474,601 after charges against a net loss of *939.334 in February, 1933 Baltimore * Ohio Railroad Company February net loss amounted to $945 006 after charges against *1.214.353 in Februrav last year. Gillette Safety Razor Company and subsidiaries net profit in the auarter ended Mare® 31 amounted to $902,202 after interest. depreciation and federal taxes, against *957.778 in the first 1933 quarter. Century Ribbon Company in the first quarter of the current year earned (7 rents a share on the common stock, against a net loss of $62,183 in the first quarter of 1933. Collins Aikman Company and subsidiaries in the fiscal vear ended Feb. 24 earned *1.51 a share on the common stock after deduction of charges and payment of preferred dividends against a net loss of *522,001 in the previous fiscal year. Philadelphia Company and subsidiaries In twelve months ended Jan. 31 had a profit of $7 552.906 after charges except preferred dividends of subsidiaries against *9.127.258 in the previous twelve-month period. Packard Motor Car Company announces that the new small car being built bv them will sell under *1.200. Western Union Telegraph Company effective this week is raising wages 5 per cent. Johns Mansville Company and subsidiaries in the quarter ended March 31 had a net loss of $76,0*1 after all charges against (953,799 in the first quarter of 1933. Chicago * Northwestern Railroad Company February net loss totaled *1 030 252 after all charges, against *1 596.989 in February of 1933. Lehn and Fink Products Company and ■ubsidtanes in the first quarter of the current v*ar had a net profit of *199.710 after charges, equivalent to 50 cents a share on the common stock, against 28 cents a common share in the corresponding 1933 period. Illinois Central Railroad Company February net loss totaled *263..47 after charges, against *929.137 in the tike 1933 month. Atlantia Coast Line Company in the first two months of the rtirrent year earnod *1.51 a share on the common stock against 1 rent a share in the first (WO months of 1933. Tidawnter Oil Company and subsidiaries In 1933 had a net Income of *5 162.202 after charges, against (2,172.181 in 1933. Kennecott Copper Mining Company and subsidiaries in 1933 earned 21 cents a ahare on the common stock after charges against a net loss of *7,102,198 In 1932.

ISSUES DISPLAY FIRM TONE ON BETTER NEWS Silver Prices Advance 50 Points: Cotton Values Strengthen. BY ELMER C. WALZER Initrd Prrs Financial Editor NEW YORK. April 18.—Buoyed by improved industrial reports and a more optimistic tone in Wall Street, stock market prices firmed at the opening today in fairly active trading. There were numerous favorable j business reports before traders today including: Iron Age's estimate of steel pro-| duction at 52 per cent, up 2% points,! with the outlook described as favorable. Electric power production gaining over previous week. Better sentiment in investment! circles with largest major corpora- 1 tion financing since securities act; announced today. The tremendous strength in the London stock market, brought a certain firmness here. Commodities firmed with stocks Silver jumped as much as 50 points at the opening while cotton was 6 to 9 points higher. Bonds were steady. On the stock market most gains were narrow, although United States Smelting advanced lVi points to 127. American Smelting was % improved at 44. Radio Corporation common stock was active, opening at 8 1 i. unchanged and jumping to B'*. Pathe A advanced % to 22 Vi and anew high on 1.000 shares. Armour A opened unchanged at 7% on 3,000 shares, Packard was unchanged on 1,500 shares at 5Vi and Tide Water Associates equaling its high of 13, up Vi. on 2.000 shares. United States Steel opened unchanged at 51%, General Motors unchanged at 38 1 i, Chrysler up % at 53%. Rails were firm. Fractional gains were scored after the opening. Bank Clearings INDIANAPOLIS STATEMENT —April 18— Clearings $1,889,000.00 Debits 5,204.000.00 TREASURY STATEMENT By ('nih il Pri x* WASHINGTON. April 8. Government expenses and receipts for the current fiscai vear to April 16 compared with the corresponding period of the previous fiscal vear: This Year Last Year Expenses $5,490,008,448.64 $3,955,995,056.47 Receipts 2.420.020.382.20 1.588.941,464.23 Deficit 3.072.988.066.44 2.367.053.592.24 Cash bal. 4.933.423 371.79 Investment Trust Shares ißy Abbott, Hoppin & Co.i —April 17Bid. Ask. American Stocks Corp . 119 1.22 American & General Sec A . 5.00 7.00 American & Inv Tr Sh 1 50 Basic Industry Shares 354 3.64 British Type Inv Tr Sh .52 .60 Collateral Trustee Shares A 4.80 4 95 Corporate Trust Shares loidi 2.15 220 Corporate Trust Shares incwt 2.43 2.46 Cumulative Trust Shares 416 4.22 Diversified Trust Shares A . 6.25 Diversified Trust Shares B . 8.00 8.25 Diversified Trust Shares C . 3.25 3.30 Diversified Trust Shares D . 4.75 5.00 First Insurance Stock Corp . 1.30 1.35 First Common Stock Corp ... 84 .86 Fixed Trust Oil Shares A . 860 .... Fixxed Trust Oil Shares B . . 7.55 Incorporators Investments ... 18.50 18 87 Land Bank Bond Shares .... 126 1.33 Lotv Priced Trust Shares ... 6.50 6.70 Mass Inv Trust Shares 19.37 21.05 Nation Wide Securities 346 352 North Am Trust Shares (53 1.91 1.96 No Am Trust Shares <55-561 2.45 248 North Am Trust Shares 1581 . 2.55 2.60 Selected American Shades 2.70 Selected American Shares Inc 1.25 1.30 Selected Cumulative Shares .. 7.00 Selected Income Shares .. 350 4.00 Std American Trust SharesA . 3.05 3.10 Trust Shares of America .... 2.91 2.95 Trustee Std Oil A 5.62 575 Trustee Std Oil B 5.25 540 U S Electric Lt A: Pwr A .. . 12.62 13.00 Universal Trust Shares 3.15 3.20 Daily Price Index By United Pri ss NEW YORK, April 17—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Pres (1930-1932 average. 100): Today 105.29 Yesterday 10 6.55 Week ago 108.04 Month ago 109 22 Years ago (April 18) 76 19 1934 high (March 12) 110.24 1934 low (Jan. 3) 101.05 (Copyright. 1934, Dun & Bradstreet Inc.) Foreign Exchange (By Abbott. Hoppin & Cos.) —April 17— Sterling England $5 uiU*' , FVanc. France ... .0660% Lira. Italv 0853% Belgias. Belgium 2340 ; Mark. Germany 3947 I Guilder. Holland 6780 Pereta, Spain 1368 Krone. Norway 2590 Krone, Denmark 2303 Yen. Japan !3046 Marriage Licenses Rex Cosby Johnson. 25. of 3026 East Washington street. disc cutter. and Lavenia Powell. 20. of 311 South Hamilton avenue. Eugene Patton, 22. of 1430 Columbia avenue, laborer, and Pauline Dallas. 18. of 839L’ Indiana avenue. John R. Downey. 29. of Danville, hatch-ery-man. and Marv E. Asher. 29. of 2168 North Meridian street, nurse. Harold O. Knight. 26. of 1715 Exeter avenue, laborer, and Murle K.. Fletcher. 15. of 190S English avenue. Christopher H Revher. 27. of Columbus salesman, and Marv F. Page. 27. of 1644 North Talbot street, clerk. Emmert R. McNew, 31. of 120 Salem lane, laborer, and Elizabeth M. Hardy. 29. of 553 North Belmont avenue. Births Boys •Norman and Barbara Kassenbrocfc. St. Vincent's hospital. Henry and Frieda Buck, St. Vincent's hospital. Roland and Elizabeth Propps, St. Vincent's hospital. George and Mary Lemcke. St. Vincent's hospital. Thomas and Frances Brune, St. Vincent's hospital. Roy and Stella Cravs. 2180 North Gale. Lee and Alice Hord. 2154 North Pennsylvania. Girls Richard and Georgia Foltz. St. Vtncent's hospital. Andrew and Marian Ross. St. Vincent's hospital. James and Lois Coffman. 2003 Valiev. William and Edith Rvpmc, 1422 Ewing. Deaths Jacob Levine. 45. Christian hospital, pulmonary tuberculosis. Charles Steinmetz, 67. 1120 North Rural, acute gastritis. Mary M. Lyons. 90. 2314 Parker, hvpo- ! static pneumonia. John Norton Feezel. 16 davs, 4916 East Thirteenth, whooping cough. Harry A. Bovde. 46. 1754 West Morris, coronary thrombosis. William Allen, 39, 529 Leona, lobar pneumonia. Frank Johnson, 41, White river, drowning, Ermal Henderson. 40. St. Vincent's hospital, lobar pneumonia. Harrv Cavanaugh. 47. city hospital. | streptococcic septicaemia. Sarah Edith Talley. 59. 414 Oakland. 1 chronic myocarditis. Noah Arbuckle. 18. city hospital, internal hemorrhage. Stickup Men Get S3O Samuel J. Shambaugh. 46, of 230 East Minnesota street, was robbed of S3O by two bandits, one of them armed, last night, in an alley in the rear of the 300 block East Minnesota street. Atchison Topeka & San Fe Railroad Company net loas in February this y~ar totaled $692,628 after charges, against 81,643.391 in tbt like 1913 month.

New York Stocks

"' <B Abbott HooDin & Cos 1 AVERAGE STOCK PRICES FOR TUESDAY

Net High. Low. Close, change Average of thirty industrials 104.82 103.34 104.46 - .89 Average of twenty rails 49.36 48.83 49.31 - .28 Average of twenty utilities 26.08 25.54 25.90 -t-.19 Average of forty bonds 94.60 —.Ol Average of ten first rails 99.96 - .02 Average of ten second rails ..... 84.29 +.07 Average of ten utilities ..... 97.14 same Average of ten industrials ..... 97.10 —.15 Up. -Off.

—April 18— Prev. 1 Oils— High. Low. 10:30 close. Amerada • ■ ■ • • ■ 50)5 AU Rfg „ 23% Barnsdall . 9 8% ; Consol Oil 12'. 12 12'. 12*. I Cont of Del 21% 21% 21% 21% | Houston inewi 5 5% Houston >old i 28% I Mid Cont Pet 13% 13% j Ohio Oil 13 13 i Pet Corp 12*. Phillips Pet 19% I Plymouth Oil 13'* Pure Oil 127a Royal Dutch ••• 36V* Sbd Oil 36*. Shell Un 9*2 97* Skeliey Oil 10% Soc Vac ... 16 3 s 16*2 SO of Cal 36% 37 S O of N J .. 45*2 45*, 45*2 45', Texas Corp . . 26 7 a 26 s a Tidewater A.-sn 13'a 13 131a 12 7 a ; Un Oil of Cal 177 e ] Steels— Am Roll Mills 24 28 7 a Beth Steel 42% 42*a Byers AM 27*. Col Fuel & Iron ... 6' Inland Steel 45 Ludlum Steel ... ... ... 16% McKeesport Tin . 90 Natl Steel 47 46 7 . Otis Steel .. ... . 6*. Rep Iron & Steel .. ... 22 21 7 , Rep Ir & St pfd 59 7 , U S. Pipe & Fdy 28' 2 U S Steel 51% 51% U S Steel pfd 96'i Warren Bros 10% Youngstn S & T 27% Motors— Auburn 49% 48% Chrysler 53% 53% Gen Motors ... ... 38', 38% Gen Motors pfd .. ... 100 100 Graham Mot ... 3% Hudson ... 207* 207* Hupp ... . 5 Nash 24 "i 23% Packard . 5% 5% 5% 5% Reo 4% 4% Studebaker ... .. ... 7% 7 Yellow Truck 5% 5% Motor Access— Bendix 18% 18% Bohn Alum ... . 62% Borg Warner 25% 25 Briggs 16*2 16% Eaton Mfg 21% 21% 21% 21% Elec Auto Lite 27V* Houdaille A 5% Mullins Mfg pfd 36% Murray Body ... 9'/* 9% Stew Warner 8% 8% Timken Roll 34% 34% Timken Det Axel 7 % 7% Mining— Alaska Jun 20% 20% Am Metals ... 24% Am Smelt 44 43% Anaconda 16% 16% 16% 16% Cal & Hecla 5V* Cerro De Pasco 37 36% Dome Mines 38% Granby n% Gt Nor Ore 13% 13% Howe Sound 53 52% Int Nickel 28% 28% Tnt Silver .... ... ... 37 Isl Creek Coal . 26 Kennecott Cop . 21% 21% 2176 21% Mclntyre Mine . . 48% 48% Noranda Cop . 43% 4376 43% 43% Park Utah 5 4% 5 5 Phelps Dodge 17% 17% St Joe Lead 23% 23% U S Smelters 127 125% Vanadium ... 26% Amusements— Croslev Radio 14 Fox Thea . . 16% Loews Inc 34% 34% 34% 34', Radio Corp 8% 8% 8% 8% KRO 3% 37* 3% 3% Warner Bros 7% 7% Tobaccos— Am Snuff .... 56% 56 56',4 55% Am Sum Tob 18 Am Tob (A) 71 70% Am Tob IB) 72 72 Lig & Myers iB) 93 3 % Lorillard 17% 17% Rrvnolds T (B) 43% 43% Rails— Atchison 6974 68% 69V4 68% Atl Coast Lines 46% B & O 29*4 29% Can Pac 16% 18% ICh & Ohio 46% 46*2 I Chi & Gt W pfd 10% .. ! C M & St P 6% j C M & St P pfd 10% Chi N W 13% 13 | Chi N W pfd 23% 23% Dela & Hud 64 Del Lac & W 28 74 28 Erie 22% Erie pfd 26 Grt Northern pf 23% 111 Central 32 32 K C Sou 15% Lehigh Valley 19 19 Lou & Nash 59% M K & T 12 M K * T pfd 28% Mo Pac 4% 4% Mo Pac pfd . . . 7% N Y Cent 35% 35% 35% 35% NYC&St Lpf 327* 32 i N Y New Haven . 18% [ Norfolk & Wes 180 179% Nor Pac 34% 34% 34% 34% Penn R R 35 34% Sou Pac 28% 28 Sou R R 32% 32 '/ Sou R R pfd ... 38 37% 38 37% Union Pac 132 132 West Maryland . .. ... ... 15% Equipments— Allis Chalmers 1974 Am Brake Shoe 30% Am Car & Fdy 27% Am Car & Fd pf 52 Am Loco 33% . Am Loco pfd 68 % Am Mach A; Fdy 16% Am Steel Fdy 20% Bald Loco 14 13% Bald Loco pfd 5974 Burroughs 15% Case J I 63% Cater Tract 31% Deere &Cos 29% 29 Elec Stor Bat 44% Foster Wheeler 18*2 18% Gen Am Tk Car ■ 40% Gen Elec . . 22% 22', 2 2274 22% Int Bus Mach 144% Int Harvester 417* 4174 Natl Cash Reg 19 Pullman Inc ... .. 57 Rem Rand 12% 127* 12% 12% Und Elliot ... 44 West Air B .... 31% Westingh Elec . 39% 38% 3974 3374 Utilities— Am & For Pwr 9% Am Pow & Lit . 9 AT&T 121% 121% 121% 120% Am Wat Wks , 20(2 20% Brook Un Gas . 68 Col Gas & Elec 15% 1574 15% 157* Col G & E pfd 75*4 Com & Sou . 274 2% Conso IGas 37% 37% 37% 37% Elec Pwr & Lit 774 774 E P & L pfd . . .. 16% 16% Int Hydro Elec. 774 7% 7% 7% Int T & T ... 1474 14% Lou G & E A’ 1772 1774 Nat Pwr & Lit 11% 11% North Amer ~. . 18% 18% 18% 18% Pac G & E .. 19% 19% 19% 19% Peoples Gas 36% Postal Tel pfrd 24% 24% Pub Serv N J . 37% 37% Sol Cal Edison 19'4 1 974 19% 19% Std Gas 12 s * Std Gas pfd 1374 13% Stone & Web . 9% United Corp S% 67* 6% 67* Un Gas Imp 16% 16% Ut Pwr & Lit (A) 4 Western Union 54% Rubber,— Firestone 22% 22% 22% 22 Goodrich 16% 16% 16% 16% Goodyear 36 35% 36 35 % Kelly Spring ... •• 3% 3'4 U S Rubber . . 21% 21% 21% 21% !U S Rubber pfd 5274 51% 5274 51% Miscellaneous— Am Bank Note ... ... 19% Amer Can 104 103% Anchor Cap 21 Brklvn Man Tr. .. ... ... 31% Conti Can 82% Crown Cork . 30 29% Curtiss Pub .. 27% 27% 27% 27% Curtis Pub pfd 79 79*, Eastman Kodak 91% 91 7 s Gillette ... . 11% 11 Glidden . 27 26% 27 26% Inter Rttpid Tr 9 Owens Bottle 86% Ravbestos Mfg 21 Foods— Am Sugar 52 Armour iA) . 7% 7% Borden Prod .... 23% 23% 23% 22% ! Cal Packing 29 28 29 28% ! Canada D G Ale 27 26% 27 26% Coca Cola ... 118% Corn Prod 76% 76% Crm of Wheat 32% Cuban Am Sug 7-'* Gen Foods 34% 34% Gold Dust 21% 21% G W Sugar 297* Hershev 57 | Int Sait 29 Loose Wiles 42 41 3 , Natl Biscuit ... .. . 43% I Natl D Prod ... 16% 16% 16% 16 Purity Bak 16 ; S Porto Rico Sug 32% i Spencer Kellog 22% Std Brands 11% 21% Un Biscuit 26 United Fruit 70% Wrigley ... 62% 627* i Retail Stores Ass Dry Goods 16% ! Best & Cos .... 32% First Natl Stores 65 Gimbel Bros 5 Gr Un Tea 7% 7% l Hahn Dept Sts 7% 7 j Jewel Tea . 48% 48% ! Kresge S S 20% 20% 20% 20'* j Kroger Groc 32% 32% j Macy R H 48% ; Marshall Fields 18% 18% Mav Dept St 42 Mcnt Ward 31% 30% I Natl Tea 17 17 Penny J C 66% 66% 66% 6S ' Safeway St 53% Sears Roebuck 49% 49% 49% 49% Woolworth .... 53% 53% 53% 53% Aviation— Aviation Corp . .. ... 9 9 I Curtiss Wright 4% 4% I Curtiss Wright A 10% 10% Douglas Air 23% 23 23% 23’. Nor Am Av .... 23% 23 237. 23% Nor Am Av ... 6 Speerv Corp. 10% United Aircfltft 22% Wright Aero) 4 5S7a Chemicals-! .1 AL- Reduction .. .. ... 89 Allied Cher# ... •• 132

THE INDIANAPOLIS TIMES

Col Carbon . ■ €9% Com Solvents . 29 28% 29 28% Du Pont .. 96% 96% 96% 96% Freeport Tex 46 Liquid Carb 28% Math Alkali 35% Montosonta Che 93% Natl Dis inewi 30% 30% 30% 30% Scheneley Dist . 36% 36% 36% 35% Tex Gulf Sulph 36% Union Carbide 45 44% 44% 44% U S Ind Alcohol 51% 51% Drugs— Coty Inc Lambert ... 26% Lehn & Fink 20% Un Drug 16% 16% Zonite Proand Financial— Adams Exp 9% 9% Allegheny Corp 37, 3% Am Int Corp 8% Chesa Core .. . 46% 46% Lehman Corp . 72% 72% 72% .. Transamerica .... ... ... 6% Tr Conti Corp 5% Building— Am Radiator ... 15% 15% 15% 15% Gen Asphalt ... ... 19% Johns Manville .. ... . 56% Libby Owens Gls 37% 37% Otis Kiev 15% Household— Col Pal Peet 17% 17% Congoleum 28 27% Kelvinator ... 19 Mohawk Carpet 19% 197* 19% 19% Proc & Gamble 357% 35% Simmons Bed ... ... ... 20% Textiles— Amer Woolen 14% Belding Hem 14% Celanese Corp 36% 36% Collins Aikman 24'* Gotham Hose 10 10 Indus Rayon 86 % 86% Kayser Julius 17% 17 s * Real Silk 10% New York Curb (By Abbott, Hoppin & Cos.) —April 17Close. 1 Close. Allied Mills ... 9 iGulf Oil of Pa . 66% Alum Cos of Am 75%>iHiram Walker.. 43% Am Cyanide B 21 Hud Bay Min... 14 Am Gas &El . 26%|Humble Oil ... 46% Am Superpower 3'/*llmperlal Oil Ltd 15 Asso Gas & El. 1 lint Petrol 27 Atlas Corp . 13%!Lake Shore Min 53% Brazil Tr &Li 11% Libby McN Lib. 6% Can Marc 2%lLone Star Gas . 6% Cities Serv . 2%iNatl Bellas Hess 3% Commonwe Ed 56% Newmont Min.. 55% Con Gas of Bal 59 iNia Hud Pwr . 6% Cord Corp ... 6%lPan Am Airway 40% Creole Petrol 12%]Penn Road 3'* Crown Cork Int 8 St Regis Paper. 3% Deere &Cos ..29 Sal Creek Prod 7'* Distillers Lim . 24% Sherwin Wms . 67% Dow Chem .. 81% Std of Ind .... 27% El Bond & Sh . 16% Std of Ky . 167 2 Fisk Rubber . 17% Technicolor Ind 10 Ford of Can A 247* Teck Hughes Go 7% Ford of Europe 8 jUn Gas . ... 3 Gen Aviation 6 |Un Pr &Lt A . 3% Glen Aid Coal 16 7 *!Wr Harg Min .. 9 7 *

Chicago Stocks By Abbott, Hoppin & Cos. ~“

—April 18— ... High. Low. 11:30 Asbestos Mfg 3% Berghoff g% Bendix Aviation 18% 18% 18% Borg-Warner 25% 25% 25% Butler Bros 12 % 11% 12% Cent & So West 1% Chicago Corp com 2% Cities Service 2% 2% 2% Commonwealth Edi .... 57% 57 57% Cord Corp 6% 6% 6% Crane Cos ... 9% 9 9% Gen Household Util ... 16% 15% 16% Great Lakes Dredge ... 21% 20% 217* Libby-McNeil 7 6% 7 Marshall Field . 18% 187a 18% Middle West Utilities . .. ... 44 National-Standard ... 24 Noblitt-Sparks Ind Inc 14% Quaker Oats ■ 107 106 106 Swift &Cos 18 17% 17% Swift Internacional .... 29% 29% 29% Utah Radio ... 17, Utility & Ind 1% Vortex Cup Cos . 10% Walgreen Cos., com .... 27% 26% 27% Zenith Radio 4% 3% 4%

Bond Prices

(By Feener & Beane) —April 18— High. Low. 10:30. Alleg Corp 5s ’SO .. 43 42% 53 Am&For Pwr 5s 2030 .58 56% 57% AT&T db ’65 107% Atchison gen 4s ’95 10274 102 102 B&O cv 47is ’6O ... 72 Beth Steel 5s A ’36 102% Can Pac 4s 79% ChMSiP&P aj 5s A 2000 18% 18% 18% ChMStP&P rs 5s A '75 55% 54% 55% Cons Gas NY 4%s ’55.. 93 Goodyear 5s '57 99% 99 997 2 Gt Nor 7s A ’36 99% 9 99% Interboro RT 5s '66 . 7174 Int T&T db 5s ’55 ... 68 67'4 68 Lorillard 7s '44 . 120% McKees&Robb s'%s 'SO 83% 83 83% Nat Dairy db 574s 48 94% 94'% 94% NY Cent 47 2 s O 2013 80% 80 807 2 Nor Am 5s '6l 90 PacGas&El 5s A ’42 106 Perm RR 4%s D ’Bl . 96¥s 967 a 967 b Poland 7s '47 99V* 99 99% Shell Un Oil 5s ’47 99% Sir. Cons 5%s B ’3B 1047* Te <as Corp 5s ’44 10174 Tcb Pr NJ 67bs 2022 . 107% Un Pac Ist 4s ’47 ..104% 10474 104% US Rubber 5s A ’47.. 89 7* 89 89 7* Western Un 5s ’sl .. . 92 Ygstwn S&T 5s B ’7O . 8714 8674 8674 U. S. GOVERNMENT BONDS By United Press NEW YORK, April 17.—Closing Liberties. (Decimals represent thirty-seconds.) Liberty 374s (32-47) 103.2 First 414s (32-471 103.23 Fourth 4Vis (33-38) 104.1 Treasury 47is-374s (45) 102.5 474s 147-52) 111. 3%s (43-47) 103.30 3%s (41-431 March 103.8 3%s (40-43) June 103.8 3%s (41) 103.1 3%s (46-43) 100.26 3s (55) 99.23 FEDERAL FARM LOAN BONDS By Blyth & Cos.. Inc. —April 18Bid. Ask. 4s. Nov. 1, 1957-37 99% 100% 4s, Mav 1, 1958-38 99% 100‘ 2 4%5, Juiy 1, 1956-36 1001* 101 4 7s. Jan. 1. 1957-37 1007* 101 4%5, May 1. 1957-37 100% 101 4% s, Nov. 1, 1958-38 100’* 101 4%5. Mav 1. 1942-32 100’* 101 4%5, Jan. 1. 1943-33 1001* 100% 4jiS. Jan. 1, -953-33 100% 100% 4_s. July 1. 1953-33 100% 100% 4 * 2 s, Jari. 1. 1955-35 100% 101% 4%5, July 1. 1955-35 100% 101% 4%5, Jan. 1. 1956-36 100% 101% 4%5, July 1. 1953-33 100% 101% 4%5. Jan. 1. 1954-34 100% 101% 4%5. Julv 1. 1934-34 <OO% 101V* ss. May 1. 1941-31 10-% 102% ss, Nov. 1. 1941-31 . ■ 101% 102% Home Loan 4s, July 1. 1951 ..100% 10074 Federal Farm Mortgage Corporation 3Vis, March 15. 1964-44 101% 102 UNITED AIR LINES SHOW 77 PER CENT INCREASE Revenue Passengers in First Three Months Total 26,324. t By Times Special CHICAGO, April 18.—A 77 per cent increase in revenue passengers carried on United Air Lines the first quarter of this year over the corresponding period of yast year, was announced today by W. A. Patterson, vice-president. Travel constituted a record for winter months during the seven years the company has been operating. During the first three months United carried 26,324 revenue passengers on its New York-Chicago-Pacific coast and other passengerexpress routes, contrasted with 14,917 passengers during the first quarter of 1933. The company flew slightly more than 3,000,000 miles during the quarter. The company's gross income, however, was affected by the substantial loss in income due to the blanket cancellation of all domestic air mail contracts during the quarter. Business Failures Increase By Times Special NEW YORK, April 18. Dun & Bradstreet announce business failures in the week ended April 12 totaled 251 against 226 in the previous week and 439 in the like 1933 week. , * j,** •

SWINE MARKET STEADY TO 15 CENTSHIGHER Cattle Prices Stationary; Veals, Lambs Show Little Change. With exception of underweights steady to 15 cents higher, general prices on hogs at the Union Stockyards this morning advanced 10 cents above yesterday's average. Initial trading was fairly active with demand stronger. The bulk. 160 to 300 pounds, was selling at $3.95. Few better grades were salable at $4. Other kinds, weighing from 130 to 160 pounds, brought $3.25 to $3.75, while light slaughter pigs, scaling 100 to 130 pounds, sold at $2.25 to $3. Receipts were estimated at 7,000. Holdovers, 213. Practically all slaughter classes of steers were active and fully steady at yesterday’s close. Early bulk of better grade steers ranged from $6 to $7.60. Other kinds held mostly at $4.50 to $6. Receipts numbered 1,200. Initial sales in the veal market continued unchanged, with general run salable at $6.50 down. Top held at $7. Receipts were 900. With early supply consisting mostly of shorn western lambs, all prices were stationary. These classes were selling around $8.50. Receipts were 1,200. Bids and sales on hogs at Chicago were strong with the previous session. Top held at $4. Receipts were estimated at 18,000, including 6,000 directs; holdovers, 2,000. Cattle Receipts, 11.000; calves, 2,000. market slow, steady to weak. Sheep receipts were 6,000; market strong. HOGS April. Bulk. Top. Receipts. 12. $4.00® 4.10 $4.15 5,000 13. 4.10 4.20 7.000 14. 4.10 4.15 2,500 16. 4.00 4.05 7.000 17. 3.85 3.90 8.000 18. 3.95 4.00 7,000 Market Higher (140-160) Good and choice . $ 3.50® 3.75 —Light Weights—-(l6o-180) Good and choice .. . 3.95 (180-200) Good and choice . 3.95 —Medium Weights—-(2oo-220) Good and choice 3.95© 4.00 (220-250) Good and choice .. 3.95® 4.00 —Heavy Weights—-(2so-290) Good and choice ... 3.95® 4.00 (290-350) Good and choice .. 3.75@ 3.95 —Packing Sows—(3so down) Good 3.15® 3.40 (250 up) Good 3.00® 3.25 (All weights) Medium 2.85® 3.15 —Slaughter Pigs—-(loo-130) Good and choice ... 2.25® 3.00 CATTLE Receipts, 1,200; 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© 8.25 Common and medium [email protected] (750-900) — Good and medium 4.75® 6.00 Common and medium 2.75® 4.75 —Cow’s— Good 3.50® 4.00 Common and medium 2.75® 3.50 Low cutter and medium . 1.50® 7.25 —Bulls (yearlings excluded) Good (beef steers) 3.00® 3.75 Cutter, common and medium. 1.75® 3.00 VEALERS Receipts. 900; market, steady. Good and choice $ 6.00® 7.00 Medium 4.00© 6.00 Cul and common 2.50® 4.00 —Calves— Good and choice 3.50® 6.00 Common and medium 2.00@ 3.50 —Feeder and Stocker CattleGood and choice 4.00® 5.50 Common and medium 2.755% 4.00 (800-1.5001-Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 1,200; market, steady, shorn basis. (90 Ib. down) Good and choice $ B.oo® 8.50 (90-110 lb.) Good and choice . 7.75® 8.25 (500 lbs. down) Com. and med. 7.00® 8.00 —Ewes— Good and choice 3.50® ■LOO Common and medium 1.75® 3.50 Other Livestock By United Press . CHICAGO. April 18.—Hogs—Receipts. 18,000; including 6 000 directs; early trade accive, strong to 5c higher than yesterday: 170-280 ibs. $3.90@4; extreme top, $4.05: most light lights, $3.90 down; pigs below $3.25; packing sows mainly [email protected]; light lights, 140-160 lbs., good and cnoice. $3.50©3.90; lightweights, 160-200 lbs. good and cnoice, $3,750/4; medium weights 200250 lbs., good and choice. $3.85©4,05; heavyweights 251P350 lbs., good nad cnoice. *3.6503.95; packing sows. 275-550 lbs. medium and choice, $2,900/3.50; slaughter pigs, 100-130 lbs., good and choice, $2,250/ 3.d0. Cattle—Receipts 11,000; calves 2,000; better grade led steers and yearlings steady to strong; all weighty bullocks; active; several loads $8: some held higher; medium grade light steers steady to weak; other killers generally steady; numerous loads all representative weights, $7.50 up; better grade light heifers. $6.40; slaughter cattle and veaiers: Steers, 550-900 lbs., good and choice $6.500 7.90; 900-1 100 los.. gpod and choice. $6.50@8; 1.100-1,300 lbs., good and choice, $6.750 8.15; 1 300-1,500 Ibs.. good and choice, $6.(5©8.15;'550-1,300 lbs., common and medium, $4.50®6.75; heifers. 550-750 lbs. good and choice $5.25 ©6.40; common and medium, $3.50®5.2j; cows, good. $3.75© 4.75; common and medium, $3©3.75; low cutter and cutter cows, s2®3; bulls yearlings excluded, good beef, $3.35©3.75; cutter, common and medium s3© 3.50; \ealers. good and choice. $5.50® 7.50; medium $4.00©5.50: cull and common $3.50©4.50; stocker and feeder cattle: Steers. 550-1.050 lbs., good and choice. $4.75 ©6: common and medium. $3.50 05. Sheep —Receipts. 6,000; lambs opening low; undertone weak to 25c or more lower; sellers asking steady at $lO upward, but early bids under $9.75; clipped iambs unsold sheep about steady; slaughter sheep and lambs; Lambs. 90 lbs. down, good and choice. $9.75® 10; common and medium. $7,250 9.75; 90-98 lbs. good and choice $9,650 9.90; ewes, 80-150 lbs., good and choice. $3.7505.25; all weights, common and meaium, $304.25. LAFAYETTE, April 18.—Hogs—Market 10015 c higher; 200-325 lbs.. $3.60© 3.80: 160-200 lbs., $3.60©,3.70; 140-160 lbs.. $3.25 ©3.50: 125-140 lbs.. $2.75© 3; 100-125 lbs.. [email protected]; roughs. $3 down; top calves, $5.50; top lambs, SB. FT. WAYNE. April 18.—Hogs—10 to 15c higher; 250-300 lbs.. $3.95; 200-250 lbs.. $3.85; 180-200 lbs. $3.80: 160-180 lbs.. $3.75: 300-350 lbs.. $3.65; 150-160 lbs.. $3.50: 140150 lbs.. $3.25; 130-140 lbs.. $3: 120-130 lbs.. 2.50: 100-120 lbs.. $2.15; roughs. $2.75; stags. $1.50. Calves. 06.50; lambs, $9 down. By Times Special LOUISVILLE. April 18. Cattle—Receipts, 350. including 134 direct: demand fairly broad for all classes slaughter cattle; market moderately active and fully steady at week's levels: common to medium steers and heifers mostly 54.25©5.25: better finished kinds. $5.50© 6; bulk beef cows. S3O 3.75; good kinds. $4 and above for heifers types' low cutters and cutters. $1.500 2.500: sausage bulls. $3.75 down: common to medium grade native stockers and feeders. S3O 4: well-bred light Herefords. mostly $4.7505.25. Calves—Receipts. 500, including 2 loads stock calves: market fully steady; bulk better veaiers $4.50 © 5.50: strictly choice eligible higher: medium and lower grades. $3.50 down; Hogs— Receipts. 1.000; market not established; most bids 10c higher at $3.85 for 170-240 lbs.; generally asking 15c up or $3.90 for such kinds. Sheep—Receipts. 50: generally steady; medium to goed wooled lambs. *7© 8: common light throwouts *5: fat wooled ewes. $2.500 3; better spring lambs considered salable, mostly SIOO 10.50. Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton ts allowed DOMF.STIO RETAIL PRICES Anthracite $4.25 Coke, nut size * 75 Coke, egg size *.75 Indiana, forked lump 5.50 Indiana, egg 5 00 Indiana, mine run 4.75 Kentucky lump 7 00 Pocahontas lump 8.25 Pocahontas egg (25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless *.25 West Virginia lump *.75 West Virginia egg S 50 Island Creek ... 7.00 Extra charge of 50c a ton for wheeling coaL and SI a ton for coal carried tc #in NEW YORK RAW SUGAR FUTURES —April 17High Low Close January 1.59 1.57 1.57 March 1.63 1.62 1.62 Mav 1.41 1.39 1.40 July 1.47 1.45 1.46 September 1.52 1.50 1.51 December .............. 1.5* 1.5* 1.5*

Living Costs Advance 3 Per Cent in March

Survey Reveals Increase in Food, Clothing Prices Over February. By Times Special NEW YORK. April 18.—The rising trend of wage-earners’ living costs continued in March, but at a more moderate pace than from January to February, according to the monthly survey of the National Industrial Conference Board released today. Living costs in March were 0.3 per cent higher than in February and 9.3 per cent higher than in March. 1933, but 20.9 per cent lower than in March, 1929, the report stated. The purchasing value of the wage-earner’s dollar was 127 cents in March. 1934, as compared with 139.3 cents in March. 1933. Food prices in March rose 0.13 per cent, which is considerably less than the increase of 2.9 per cent reported in February over January. Food prices now are 20 per cent higher than in March. 1933, but 29 per cent lower than in March, 1929. Rents, which until recently had not followed the upward tendency of commodity prices, rose 0.5 per cent from February to March, after rising 0.2 per cent from January to February. Rents in March were 2.3 per cent below those in March, 1933. Clothing prices as a whole were 0.3 per cent higher in March than in February, due primarily to a rise of 0.6 per cent in men’s clothing prices. Women’s clothing prices fell 0.1 per cent during the period. March clothing prices were 27.0 per cent higher than the same period of 1933, but 20.4 per cent lower than in March, 1929, Only a slight change was noted in coal prices from February to March. They now are 3.5 per cent higher than in March, 1933, but 9.3 per cent lower than in the same period of 1929. DEPOSITS IK FEDERAL RESERVE BARS RISE Gain of $177,000,000 Made in U. S. During Week. An increase of $177,000,000 last week, of which $34,000,000 was accounted for in cities other than New York and Chicago, was indicated in a weekly report of gross deposits of federal reserve system member banks throughout the country. Loans and investments rose $103,000,000, reserves increased $57,000,000, a gain of $7,000,000 in cash, and an upturn of $10,000,000 in balances due from banks made up the total. Outside the two major cities loans and investments sagged $61,000,000, cash rose $5,000,000, reserves gained $74,000,000 and balances due improved $16,000,000. A net improvement of $30,000,000 was made in commercial loans while security loans had a net increase of $43,000,000. New York and Chicago boosted their holdings of government securities $98,000,000 and decreased investments in other securities $37,000,000. Other cities sold $39,000,000 of government securities and bought $8,000,000 in others. A total of $53,000,000 was withdrawn by the government from all cities including New York and Chicago. New demand deposits in the two major towns climbed $145,000,000 and $70,000,000 in other cities. Time, deposits dropped $2,000,000 in New' York and Chicago, and increased $18,000,000 at all other points. Produce Markets Delivered in Indianapolis Prices—Hens lie, Leghorn hens. Bc. 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% lbs. and ?J er Z£ : S eese - 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 H. n 5 e „ r 55 lbs - will b e made. Butter—No. 1. 25 0 26c. No. 2 23®24c; butterfat. 21c.— Quoted bv Wadley. By United Tress CHICAGO. April 18 —Eggs—Market, unsettied; receipts, 27.853 cases; extra firsts. 16%c: fresh graded firsts. 1674 c: current receipts 1574 c: dirties. 14c; checks, 13%c. Butter—Market, unsettled: receipts 7 957 nibs; extra firsts r9O-91 1 2 score), 21%c 21@21'/4c; seconds 186-87% score) 20%c: extra 192 score I. 21 <c; specials. 2274©22%c; standards. 22c ho,-, ry^~Mar > l S e , t ' w< L ak i receipts, 33 trucks; heavy hens. M%c; ducks, 16c; old roosters. 8 2 c. springs 26c; geese. 8c; broilers colored and White Rocks, 1-2 lbs.. 22c; capons 22c; urkevs. 20c: fryers 2-3 lbs., 23c: Leghorn broilers. 21c: Plymouth Rock broilers. 1-2 lbs.. 23c. Cheese—Twins. 11%®12c; Longhorns 12%© 127 2 c; Daisies. 12% © ts 2C ' .Potatoes —Old stock supply liberaldemand and trading slow; market dullIdaho russets. 1 car $1.55: 1 car $1 6s; combination grade 1 car. $1.32%, 1 car sl.3d: Colorado McClures 1 car. $1 50- 1 car $1.65; North Dakota Early Ohois certified seed 1 car. $1.50; Wisconsin triumphs, l car. sl. New stock—Supply moderate: demand and trading slow; market weakersales to jobbers Texas Bliss Triumphs. 50lb. sacks. $1.50: U. S. No. 2. *l.lOO 11? Shipments, 811; arrivals 157; on track 45*. NEW YORK April 18.—PotatoesSteady: Long Island. $1.3003.25 barrel: southern $3.25©6 barrel; Maine $1©3.60 barrel; Idaho. S2O 2.20 sack: Bermuda $4 ®4.50 barrel: Canada, $1.90© 2 barrel i Potatoes—Steady: Jersey basket 50c %1.75; southern baskets, *101.60. Flour —Steady; springs, patents. $6.1506.40 barrel. Pork—steady: mess, $20.25 barrel pressed poultry—lrregular: turkeys 16® 25%c: chickens 9©2Bc; broilers. 16028 c: capons. 20033 c: fowls. 150 19c; Long Island ducics 15@16c. Live poultry—Dull’ geese. 709 c; turkeys. 18®22c; roosters. 10c: ducks, 10012 c; capons 25c; broilers, 120 I Che i e o s , e Tn Steady; state wh °le milk specials. 180 19c. CLEVELAND, April 18—Butter—Market barely steady; extras, 26c; standards 26c Eggs—Market, steady: extra white 15%c' current receipts. 15c. Poultry—Market' firm; colored fowls 4% lbs. and up. 17ccolored fowls, medium. 17c: Leghorn fowls, 3% ibs. and up 15c: Leghorn fowls, 13c; broilers, colored. 25c; old roosters 10c; ducks, white 5% lbs. and up. 20c: ducks light, old, 17c; geese ordinary 12c; broilers. fancy Rock. 27c: broilers, Legohrn, 23cstaEs.„14c - Potatoes—Maine mostly *2.15 per 100-lb. sack: Idaho mostly *1 9002Ohio and New York $1.850,1.90; Michigan'. sl.Bo. BUSINESS MEN PREDICT NO LETUP IN RECOVERY Results of First Three Months of Year Are Praised. By Times Special CHICAGO, April 18.—Leading business men in many sections of the country after appraising results of the first three months of this year predict that there will be no letup in the cycle of business recovery soon. Steel operation, according to the American Iron and Steel institute, rose 2.9 per cent in the last week and current operations are at 50.3 per cent of capacity. In the Youngstown district operation rose to 60 per cent of capacity, with executives expecting the figure to go to 70 within a month. The uprush last week was unexpected, and took production to the highest point since last fall, just a few points unVcr the 1933 peak. ' i

LARGE EXPORT SALES OF WHEAT REPORTED $24,600,000 Bushels Purchased by Emergency Association. By Time * 'rial WASHINGTON. April 18.—The North Pacific Emergency Wheat Export Association has purchased to date a total of 24.600.000 bushels of wheat in Washington Oregon and northern Idaho for export sale, according to announcement by the farm administration. Os the amount purchased. 24.500.000 bushels of wheat and flour already have been sold on the world market, and 15.000.000 have been shipped. Differential payment between the market price paid to farmers and the lower world price has averaged between 22% and 23 cents a bushel. GRAIN EXPERTS STUDY BREAK Slump Regarded as ‘Second Morning After’ of 1933 Trading. By United Press WASHINGTON, April 18.—Administration grain experts regard the new sensational break in grain prices as a “second morning after” of last summer's precipitate rise and decline. . J. W. T. Duvel, chief of the grain futures administration, said the present collapse could be traced directly to the trading last summer which brought a similar but more severe break in prices. The present market action has focused attention again upon the pending commodity exchange control bill which proponents believe would act to eliminate such sharp price changes. Large Holders Unload Duvel suggested price manipulations by large speculative influences was a partial cause of the break along with President Roosevelt’s stand against silver remonetization and the continued maintenance of American prices above world export levels. The drop in wheat values, Duvpl said, was started by unloading in corn by large holders of May futures who sold rather than accept delivery of the grain. “To a great extent,” Duvel said, “the deflation is a hangover of last summer’s excessive speculation —a sort of second morning after.” The pending commodities exchange bill, he said, would prevent the building up of large holdings such as are responsible for widespread fluctuations in prices. Frank A. Theis, Chief of the AAA wheat processing and marketing section, declared that American quotations “naturally are susceptible to dropping to the export level.” Favor Strict Regulations Prices now are about 14 cents above in Liverpool quotations. Theis pointed out that most farmers’ grain has now been marketed so that the decline had little effect upon producers. "We are watching the market to do anything we can,” he said. “Right now I don’t know what action we could take.” Futures trading has been defended by grain future administration officials in hearings on the commodity exchange bill. The experts, however, favored the strict regulations of trading contained in the measure. On Commission Row —April 18— Fruits Apples—New York Baldwins, fancy, *1.65 up; fancy Staymans. $2.25; fancy Winesaps. $2.50. Oranges—California Sunkist. [email protected], $3®3.75. Lemons—Sunkist. $5.50. Grapefruit—Arizona seedless. 645-70s $3 @3.25; Florida. [email protected]. Strawberries—Louisiana 24-pt. crate $2.250.2.50; Alabama 24-qt. crate, $4.25® 4.50. Melons—Argentina Honeydews, $2.25. Pears—Calavos. *3.50 per box. Bananas—Per pound. 5 cents. „ Vegetables Cabbage—New Texas. $1.35 per halfcrate; Florida red, $3 per hamper. Celery—Florida, $2.85 a crate; mammoth bunch. 85c; medium bunch. 45c: hearts, dozen bunch. $1 35. On ons—lndiana yellow. 50-lb. bag. $1.25; red. $1.15; Idaho. Spanish. $1 35 Potatoes—Northern round white. 100-lb. bag. $1.90; Red River Ohios. $2.10; Maine Green Mountain. 52.40: Colorado McClures $2.15; Idaho Russets. $2.15; Wyoming Triumphs, 50-lb. bag, *1.15; New Texas Triumphs. $1.90. Sweet Potatoes—lndiana Jersey*, per bushel. $2; Porto Ricans. *1.90. 3 .Asparagus—California select, crate. *3© ..Beans—Round, stringless. $3.50; lima $3 250 3.a0. Beets—New Texas. 3-dozen crate. *2: bulk per bushel, $1.50. Carrots—California. 6-dozen crate $2 75 bulk new. *1.40: bulk o'd. $1.75 Cauliflower—California. $2.50. Cucumbers—Hot house, per dozen. *l.lO Lettuce—Hot house. 10-lb. basket, 70c; Iceberg best. $3.7504.50 a crate. Peas—2 B-lb. hamper. $2.25. Radishes—Hot house buttons. 60c a dozen. Rhubarb—California. 20-lb. box. $1.75. Spinach—New Texas. sl.lO Der bushe/. Tomatoes Repacked. 10-ib. carton *1.50: selected, cellophane wrapped. *1.75; original Mexican. 30-lb. lug. $3.50. In the Cotton Markets —April 17— CHICAGO High. Low. Close. January 12.11 11.96 12.11 March 12.13 12.06 12.19 May 11.73 11.55 11.72 July 11.85 11.67 11.84 October 1i.98 11.80 11.96 December 12.08 11.09 12.06 NEW YORK January 12.06 11.88 12.05 March 12.13 11.98 12.1-2 May 11.67 11.47 11 62 July 11.77 11.57 11.73 October 11.90 11.63 11.87 December 12.01 11.80 11.99 NEW ORLEANS January 12.0i March 12.06 11.98 12.05 May 11.68 11.49 11,65 July 11.76 11.57 11.72 October 11.89 11.70 11 85 December 11.99 11.81 11.97 CHICAGO FBUIT MABKET By l nited Pres* CHICAGO. April 18.—Apples—Michigan Baldwins, *1.50 bushel. Carrots—lllinois, 50 0 60c bushel. S nach—Texas, 60c©*i bushel. Beans—S b-rn. green. *2O 2.75: wax. $2.5003.25. Cucumbers Central western, hothouse, *1.850 235 (2 doz. Tomatoes—Florida. *1.650 2.75, lug box Sweet Potatoes—Tennessee. *1 650 1 75 bushel. Mushrooms—lllinois. 20® 30c ilb. carton/. Asparagus—California. *2 250 3.25 (doz. bunch). Leaf lettuce—lllinois, hothouse. 50c (10-lb. basketi. Onion market 'SO-Ib. sacks/ Western Valencias. Ssc 0*1.20. Michigan yellows. 80085 c Oregon yellows. 850 90c; central western yellows. 65 0 75c: Texas yellows, *1.35; Texas whites *1.(502. NEW YOBK COFFEE FUTUBES April 17— SANTOS . High Low Close March 11.40 11.37 11.37 Mav 10.75 10.70 10.73 Julv 10 96 10 *3 10 *9 September 112* 11.15 11.21 December ..11.36 11.2* 11.31 . RIO January ... 1.63 March *.66 May *27 *.23 *.27 July *.45 *.40 8.45 September 8.5* 8.50 8.52 December B*s 8.5? 8.60

PAGE 13

GRAIN FUTURES MOVE UPWARD; LIGHT General Sentiment More Favorable to Buyers; Rye Strong. BY HARMAN W. NICHOLS United Pre* Slff Correspondent CHICAGO. April 18.—The grain markets apparently have reached a sold-out condition and with encouragements from the general run of news opened slightly firmer un the Board of Trade today. Wheat was % to •% cents higher, corn was up % to •% cent, oats firmed % to % cent, and rye was 1 to I N cents improved. The general sentimen. in the pit was more favorable to the buying side. News from Washington that the proposed grain exchange legislation has a poor chance of passing this session, also cheered the trade. Liverpool was major fractions stronger than expected. Chicago Primary Receipts —April 17— - Bushels—- .... , Today. Last week. Wheat 229 000 280.000 Corn 326 000 264 000 Oats 134.000 128.000 Chicago Futures Range WHEAT— ~ Af>rU 18 Prey. High. Low. 10 00. close! Mav 79% .78% .78% .78% July 79% .78% .78% .78% Se £oßN— ' B °' l4 B °'" 80 '* ■ 797 * May 43% .42% .43 .42% Julv 46 .45%. .45% .45% Sept 48% .47% ” .48 .477* OATS— May 27 26% .26% .26% July 27% .27% .27% .27 Sc £ye— 28 '* ' 2B "'* 28 ' 2 28 May 53% .52% .53 .52% July 54% .54% .54% .53% Sept . .56% .56% .56% .55:. BARLEY May 37% .36% .36% .36% July 38% .38% .38% .37% Sept 39% .39 .39% .3874

Cash Grain

INDIANAPOLIS —April 17— The bids for car lots of grain at. ths call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 411a New York rate, were: Wheat—Weak: No. 1 red, 77©7Sc; No. 2 red. 76©77c: No. 2 hard. 76ii77c. Corn—Weak; No. 3 white. 40©41c: No. 4 white. No. 4 yellow. 37© 38c: No. 3 mixed, 37rS 38c; No. 4 mixed, 36©37c. Oats—Easv; No. 2 white. 25(526c; No. 3 white, 24©25c. Hay iF. o. b country points taking 23 1 ac or less rates to Cincinnati or Louisville). —lnspections Wheat—No. 1 red. 1 car. Total. 1 car. Corn—No. 1 white, 2 cars: No. 2 white. 9 cars; No. 3 white. 1 car; No. 2 yellow. 8 cars; No. 3 yellow. 1 car: No. 4 yellow, 1 car. Total. 22 cars. Oats—No 3 white. 1 car; No. 4 white, 1 car. Total, 2 cars. INDIANAPOLIS WAGON WHEAT Citv grain elevators are paving 68 cents for No, 2 soft red wheat, otner grades on their merits. BY UNITED PRESS CHICAGO April 17.—Cash grain: Wheat —None. Corn—No. 2 mixed. 43'2C. mainly white: No. 2 yellow. 43'iC. old: No. 3 yellow. 42'2@j43c: No 2 white. 45 3 c. old. Oats—No. 3 white. 27'.ic. Rve —None. Barley—Sales 75© 80c: quotably 42© 80c. Timothy—s6.so© 6.90. Clover seed —*11© 12. Cash provisions: Lard $5.85; loose, *5.75; leaf, $5.75: bellies SB. TOLEDO. April 17.—Grain close: (Grain in elevators, transit billing.) Wheat— No. 2 red. 83© 84c. Corn—No. 2 yellow, 48©'49c. Oats—No. 2 white. 32©33c. Rve —No. 2. 58'2©59'2C. iTrack prices. 28'2C rate.) Wheat—No. 1 red. 78 , 2© 79c: No. 2 red 77'2©.78c. Corn — No. 2 yellow 44©; 44‘2C: No. 3 yellow. 43©43 , 2C: No. 4 yellow 42©‘42' he. Oats—No. 2 white 29©" 30'hc: No. 3 white 28'2© 30c. 'Toledo sed close. 1 Clover —Cash. $8.25. Alsike— Cash. $8.50. ST. LOUIS. April 17—Cash grain: Wheat—ln fair demand, red grades 6 to 6'2C off from yesterday’s sales and 2 to 2'2C below yesterday’s close: hard grades. IV2C lower: No. 2 red. 77©77',hc; No. 2 red garlicky. 74© 76c: No. 3 red garlicky, 75'2c; No. 4 hard 78c nominal. Corn —No market on cash corn. No sales. Oats—ln food deman. Ito 2', jc lower; No. 2 white, B'2C; No. 3 white. 27 f 2 to 28'.2c: sample 26c. HOLD ANNUAL MEETING Stcwart-Warr.or Plans to Reduce Value of Its Stock. By Timrs Special RICHMOND, Va„ April 18.—Annual meeting of the StewartWarner Corporation will be held here tomorrow. The meeting originally was planned to be held Monday, but was postponed Saturday when it appeared there would not be enough stock represented for a vote. Officials of the company stated today that they, now have sufficient proxies to go ahead. A plan to reduce the par value of the company's stock from $lO to $5. and to change the corporation's name to the Stewart-Warner Alemite Corporation will be the most important items to be discussed. Directors Will Meet By Time* Spirtal CHICAGO. April 13.—Directors of the John R. Thompson Company will meet here Friday to discuss payment of the quarterly dividend of 25 cents a common share. Action previously was scheduled for March 19, but was postponed until results of the first quarter were known. BE SAFE Insure Tour tar Today iyJjgSxSfe —Full Protection State Automobile Insurance Ass’n. LI H. 771 7th Floor, Orildenlal Bldg.

Municipals... Most large investment portfolios contain a diversified list of municipal bonds. Through its Investment Department, this firm is able to supply quotes and bids on municipal bonds of the extensive territory served by irs private wires. © Fenner & Beane 512-514 Circle Tower Bldg. Telephone Riley 3306 MWBI MTW YOBK XT OCX EXCHA.VCI