Indianapolis Times, Volume 45, Number 295, Indianapolis, Marion County, 20 April 1934 — Page 34

PAGE 34

Wall Street National Recovery Board Expected to Report to Roosevelt Shortly. ——BY RALPH HENDERSHOT Time* Soecial Financial Writer FT'HE national recovery review ■*- board, of which Clarence Darrow is chairman. is expected to report to President Roosevelt on its findings within the next week or two. These findings should prove especially interesting, for they constitute an important check on the workings of the NRA. particularly

as it applies to the question of the dominance in industry of the larger concerns. Mr. Darrow can be counted upon to reveal any wrongdoings j on the part of i the so calledj mo n opolies. In addition to being a keen interro- j gator, his sympathies invariably have been| with the oppressed. Moreover, he never

Hendershot

has been known to pull his punches, irrespective of the parties concerned, and his assignment this time undoubtedly was entirely to his liking. An important part of the board's investigation thus far has had to do with the oil situation, over which Secretary Ickes has presided as administrator. It was provided with all sorts of charges in that field, and if these charges proved convincing it would not be surprising if he made some rather startling recommendations to the President. One wonders, of course, how far Mr. Roosevelt might be willing to go in carrying them out. but it is conceivable that they might be “right dowm his alley." non Favors Exchange Commission PRESIDENT ROOSEVELT was reported in dispatches from Washington recently as being in favor of a commission of five members to administer the proposed Stock Exchange regulation measure, if ana when it becomes law, as well as the securities act of 1933. The commission idea was sponsored by Senator Glass in the form of an amendment to the Fletcher-Ray-burn bill, but many people in the financial district have held all along that that was the proper way to handle the situation. An appointive commission should help materially to make effective any regulatory measure which may be enacted, in the first place, the regulation of the financing and marketing of securities in this country is no small job. It should not, be a part-time assignment for any governmental agency now' in existence because of its tremendous importance.

Commission C’outcl Art Quickly SECONDLY, a commission of that sort would result in this im- ; portant work being under the eye of i the administration at all times. Steps could be taken on short notice to halt excessive speculation any time the administration desired. It is to be supposed, of course, that experts would be named to such a commission. That would be in line with the needs not only of the government but of industry and the markets as well. There would be liile danger of such experts running the markets into the ground or of supplying the President with halfbaked or impracticable ideas. On Commission Row -April 20 — —I r tilts— Apples—New York Baldwins, fancy. $1.65 tip i.tncv Siavmaus. *2.23: fanev Winesaps 52.50. Oranges—California Sunkist. $3.25(53.75: Floridns. 53ft3.75 Lemons—Sunkist. $5.50 Grapefruit Arizona seedless. 6ts-70s. $3 5T3.25; Florida. S3 25/13.50. Strawberries—Louisiana 24-pt. crate *2.25ii 2.50; Alabama 24-qt. crate. $4 25S' 4 50 Melons—Aigentlna Honeydews, *2.25. Pears—Calavos. 53.50 per box. Bananas—Per pound. 5 rents. —Vegetables— Cabbage—New Texas. $1 35 per halfciate: Florida red. S3 per hamper. Celery—Florida. *2.8.a a crate: mammoth bunch. 85c: medium bunch. 45c: hearts, dozen bunch. *1.35. Onions—lndiana yellow. 50-lb. bag. *1.25: red. 51.15: Idaho. Spanish. $1.35. Potatoes—Northern round white. 100-lb bag, 51.90: Red River Ohios. *2.10; Maine Green Mountain. *2.40: Colorado McClures. 42.15; Idaho Russets. $2.15: Wyoming Triumphs. 50-!b bag, *1.15: New Texas Triumphs. *1.90. Sweet Potatoes—lndiana Jerseys, per bushel. $2; Porto Ricans. $1.90. Asparagus—California select, crate. S3jt 3 75. Beans—Round, stringless. $;.50: lima. *3 25ft 3.50. 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, $2.50. Cucumbers —Hot house, per dozen. *1 10. Lettuce—Hot house. 10-lb. basket. 70c; Iceberg best. $3.75/i4.5G a crate. Peas—2 B-lb. hamper. $2.25. Radishes—Hot house buttons. 60c a dozen. Rhubarb—California. 20-lb. box. *175. Spinach—New Texas. sl.lO per bushei Tomatoes Repacked. 10-Ib. carton. *1 50; selected, cellophane wrapped. *1.75; original Mexican, 30-lb. lug. *3.50. CHICAGO FRUIT MARKET ißv United Presst CHICAGO. April 20—Apples—Michigan Baldwins. $1.50 bushel. Carrots—lllinois. 50 ii 55c bushel. Spinach—Texas. 50c/i*l bushel. Beans—Southern green. s2i2.do bushel hampers: w ax. *2 75ft 3. Cucumbers Central western hothouse. sl.7sft 2.35 itwo dozen to box'. Tomatoes—Florida. *1 75ft 3 lug box Sweet potatoes—Tennessee $1 65ft 1.75 bushel. Mushrooms — Illinois. 20ft 32%c lb. cartoons. Asparagus— California $2.75ft 375 doz. bunches Leaf lettuce—lllinois hothouse. 50ft 65c ten-lb. baskets. Onion market 'SO-lb. sacks>: Western Valencias. 51.35f>1.35. Michigan vellow 85ft95c Oregon vellows 95cft$l, (Central western vellows. 45ft 75c. Texas yellows. *1 20ft 130 N. Y. Coffee, Sugar Futures —April 19COFFEE —Santo* — High. Low. Close. March " Mir 10 65 10.62 10.62 Julv 10 82 10 78 10.78 September 11 16 11 13 11.13 December 1123 —Rio— January • ••• March _ 8 55 Mav .................. 8,16 8. If 8. lo July 8 34 8 31 8 34 September 8.40 December ••• 8 43 SUGAR High. Low. Close. January . 1.56 March 163 1 61 1.61 Mav 139 158 1 36 Julv 1 44 1.43 1.43 September 1.51 1.48 1.49 December 1.57 1.54 1.54 Ship Building Increases. £ii Time* Special NEW YORK, April 20—Lloyd's register of shipping reports 1 shipbuilding under wav throughout the world increased 40 per cent, during the first quarter of the current year. Preliminary report of Atlantic Refining Company and subsidiaries for the first ouarter of the current ve/ir shows earnings of 23 cents a share ,*n the common atock against a net ls of 83.117.000 in the first quarter of 18Ji

PRICES NARROW, IRREGULAR IN STOCK MARKET Retail Sales Up 20 to 40 Per Cent Over Total of Last April. BY ELMER C. VVALZER United Pres* Financial Editor NEW YORK. April 20. Price movements were narrow and irregular at the opening on thcStock Exchange today. Silver opened steady to slightly higher; cotton lost a few points; the dollar weak- ! ened wdth the franc approximately j at its new parity on the basis of j American gold at 535 per ounce. Fractional gains were noted in ; United States Steel at 52; American j Telephone, 123; General Electric, j 23'i; Western Union, 55%; Borden,; 24%, and Chrysler, 21 %. Small , losses were made by Westinghouse Electric, General Motors, Standard of New Jersey and United Aircraft. All changes in the foregoing issues were below ' 2 point. A sale was consummated in National Lead at 150, off 6 points from the previous close. It was the first transaction since the company late yesterday decided to keep the present capitalization setup. Traders had been anticipating a split up in the stock. The market jogged along at a slow pace in the early dealings. Oils were relatively active with Socony-Vacuum appearing in a block of 3,600 shares at 17 % point, i Steel held small gains. Silver is- | sues continued to rally with United ' States Smelting at 128'-, up '2 I point. Going mining issues were ! steadier after yesterday’s shakeout. Business news w'as featured by 1 the weekly Dun & Bradstreet summary which found retail sales in nearly all lines the best for any | spring season in three years with gains averaging from 20 to 40 per | cent over the totals of last April.

Money and Exchange INDIANAPOLIS BANK CLEARING —April 20— Clearings .... $1,606,000.00 Debits 4,550,000.00 FOREIGN EXCHANGE (By Abbott, Hoppin & Cos.) —April 18— Close. Sterling. England $ 5.14% Franc, France 0662 Lira, Italy 0851 Belgias, Belgium 2345 Mark, Germany 3952 Guilder. Holland 6788 Krone, Norway 2590 Krone, Denmark .2302 Yen. Japan 3033 Treasury Statement (Bv United Press! WASHINGTON. April 20. Government expenses and receipts of the current, fiscal year to April 18. compared with the corresponding period of the previous fiscal year: This Year Last Year Expenses $5,600,489,549.84 $4,053.363.504.56 Receipts 2.430.479.082.75 1.598.325.881.62 Deficit 3.170,010.467.09 2.455.037,623.04 Cash Ba! 4 474.979,505.85 Bond Prices ~ (By Fenner & Beane' —April 20High. Low. 10:30. Alleg Corp 5s ’SO 4Ji% 45 45% AT&T db 5s '65 .108 107% 108 Atchison gen 4s '95 ... 102 101% 101% B & O CV 1 2S '6O .. 71% 71' a 71'a Beth Steel 5s (Ai '36 102'a 102% 102% Can Pac 4s 80 79% 80 C & O 5s (Ai '39 108’i C M St P&P adj 55A2000 19% C M S P & P rs 5s A '75 55% Cons Gas N Y 4%s ’57.. 100% 100 100 Erie R R rs 5s '67 78'/a 78 78 Goodyear 5s '57 100% 100 100% Gt Nor 4'/ a s (D) '76 86% Gt Nor 7s (AI '36 99% Interboro R T 5s ’66 . 71% Int T & T db 5s '55 69% 68% 69'% McKess & Robb 5%s 'SO 84% 83% 84% Nat Dairy db 5%s '4B . 95% 95% 95% N Y Cent 4%s O 2013 80% Nor Am 5s 61 ... 91 Penn R R 4%s (D) 'Bl 96% Royal Dutch 4s (At '45 . . .. 132% Sin Cons 6%s (Bi '3B 10#% Texas Corp 5s '44 .102% 102 102 Un Pac Ist 4s '47 . . 104 U S Rubber 5s (Ai '47.. 90% 89% 90% Western Un 5s 'sl . 92% Ygstwn S & T iB) '7O 37% 87% 87% U. S. GOVERNMENT BONDS ißv United Press) NEW YORK. April 19.-Closing Liberties: (Decimals represent thirty-secondsi LIBERTY 3%s (32-47i 103.27 First 4%s (32-471 103.22 Fourth 4%s (33-381 104. TREASURY 4%5. 3%s i45( 102.3 4%s (47-52 ( 110.22 3%s (43-471 102.22 3%s (41-431 March 102.31 3%s (40-43' June 103 3%S (411 102 28 3%s (46-49i 100 25 3s (51-55i 99.25 FEDERAL FARM LOAN BONDS Bv Blyth & Cos.. Inc. —April 19— 4s. Nov. 1. 1957-37 100% 100% 4s. Mav 1. 1958-38 100% 100% ! 4%5, Julv 1, 1956-36 100%. 101% 4%5. Jan. 1. 1957-37 100% 101% 14%5. Mav 1. 1057-37 100% 101% ! 4%5. Nov. 1. 1958-38 100% 101% 4%5. Mav 1. 1942-32 100% 101 . 4%5. Jan. 1. 1943-33 100% 101 4'as. Jan. 1 1953-33 100% 100% 4%5, July t, 1953-33 100% 100% 4%5. Jan. 1, 1955-35 100% 101% i 4%5, Julv 1. 1955-35 100% 101% 4%5. Jan. 1. 1956-36 101% 101=4 ; 4%5. Julv 1. 1953-33 100% 101% 4%5, Jan. 1. 1954-34 100% 101% j 4%5, Julv 1. 1954-34 100% 101% ss, Mav 1. 1941-31 101% 101% ss. Nov. 1. 1941-31 101% 102% Home Loan 4s. Julv 1. 1951 100% 100% Federal Farm Mortgage Corporation ; 3%5. March 15. 1964-44 .101% 102

In the Cotton Markets —April 19 — CHICAGO High. Low Close. January 12.08 11 88 12.05 March 12.16 12.00 12.15 Mav 11.66 11.51 11.65 Julv 11.78 11.58 11.77 ! October 11.91 11 72 11.89 i ; December 12.02 11 83 12,00 i NEW YORK I January 12.00 11.80 11.99 i March 12.08 11.90 12.07 j I Mav 1160 1141 11.59! Julv 1171 1150 11.70 October 11 85 11 63 11.83, December 11 96 11 75 11.94 , NEW ORLEANS January 11.98 11 97 11.97 ! < March 12.03 11 94 12.03 i Mav 11 64 11.42 11.62 ! 1 Julv .. 11.72 11 49 11.68 | October 11 84 11 60 11 SO \ December 11.95 11,72 11.93; Retail Coal Prices The following prices represent quota- ; tion from leading Indianapolis ,oal dealer* A cash discount of 2a cents per ton j is allowed Domestic Retail Friees Anthracite * 4 25 : Coke, nut size 8 75 ! Coke, egg size 8.75 | Indiana forked lump 5.50 ! Indiana, egg 5.00 Indiana, mine run 4.75 | Kentucky lump 7.00 Pocahontas lump 8 25 Pocahontas egg 8.5 5 Pocahontas forked lump P. 25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg .. 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and tl a ton for coal carried to pin. Court Reverses Decision. By Timc> Special JEFFERSON CITY. Mo., April 20.—The Missouri supreme court this week reversed a decision handed down a year ago by one of its divisions, and upheld an order of the public service commission permitting the Utilities Power and Light Corporation of Chicago to purchase more than 10 per cent of the stock , of the Laclede Gas Light Company j and the Laclede Power and Light 1 Company of St. Louis.

New York Stocks *““B* Abbott Hoppin * CO.l ' AVERAGE STOCK PRICES FOR THURSDAY' Net High. Low. Close, change Thirty industrials 106.18 104.34 105.52 —.07 Twenty rails 50.79 49.89 50.35 -.42 Twenty utilities 26.01 26.13 26.40 —.Ol Forty bonds 95.08 -r .19 Ten first rails 99.91 —.04 Ten second rails 84.64 - .20 Ten utilities 97.66 -t .32 Ten industrials 98.10 -.28 Up. -Off.

—April 20— Prev. j Oil*— High. Low. 10 30. close. Amerada 51% Atl Rfg 29', 29% I Barnsdall ....... .. ... 9V 9 Consol Oi! 12', 12% Cont of Del 22 22 Houston 1 new 1 ... 4’, Houston 1 old 1 ... . 26 Mid Cont Pet 13% 13% Ohio Oil 12% 13 Pet Corp ... 12% 12% Phillips Pet 20% Plymouth Oil . 13 s , Pure Oil 12% 12% Sbd Oil 37% Shell Un 9% 9% Skelley Oil . 10% 10% Soc Vac 17% 17 17% 16% S O of Cal . . 37 37 S O of Kan . . 39% S O of N J 45% 45% 45% 45% Sun Oil 61 Texas Corp 27 Tidewater Assn . .. ... . 13', Un Oil of Cal 17% 17% Steels— Am Roll Mills .. . • 24% 24 Beth Steel 43% 43 43% 43 Byers AM 27% Cruc Steel . 32 Inland Steel 45 Ludlum Steel 16% McKeesport Tin. .. 90*% Mid Steel 17*% Natl Steel 49 Otis Steel . ••• 6% Rep Iron & Steel 22 21% 21% 217, Rep Ir & St pfd 59 U S Pipe & Fdy . . 28% U S Steel . 52% 52 52 51% U S Steel pfd .. . . . 96 Warren Bros .. ... 10% 10% Youngst’n S & T 27% 28 Motors— Auburn . 45 45% Chrysler 54 53% 53% 53% Gen oMtors ... 39 39% Gen Mot pfd 100 Graham Mot ... •• 3% Hudson 5 5 Mack Truck 32% 33 Nash 24% 24 *, Packard ... 5% 5% Reo ... 4% 4% Studebaker 6% 7 Yellow Truck .... 5% Motor Access— Bendix 18% 18% Bohn Alum . . 63% Borg Warner . 25% 25 25% 25*4 Briggs . 17% 17% Budd Wheel . . 4% 4 4% 3% Eaton Mfg 22*/a 22 Elec Auto Lite 27% 27% Houdaille ‘A’ 5% Mullins Mfg 14% Mullins Mfg pfd .. ... .. 58 Murray Body 9% 9% Stew Warner 8% Timkeft Roll 35 Timken Det Axel 7% 7% Mining— Alaska Jun 20% 20*4 20 % 20% Am Metals ... . 247* Am Smelt • 44 43% Anaconda ... 16% 16% 16% 16% Cal & Hecla 5% Cerro De Pasco . 36 % Dome Mines 36% 36*4 36*4 36*2 Granby 11% Gt Nor Ore ... .. 14 Homestake Min ... ... . 356 Howe Sound..... . 52 52% Int Nickel 27% 27% 27% 27% Int Silver ... ... 38 Isl Creek Coal.. . . 27% Kennecott Cop . 21% 21% 21% 21% Mclntyre Mine ... 46 457s Noranda Cop ... 42*4 42% Park Utah . 5 5% Phelps Dodge ... 17% 17% 17% 17 St, Joe Lead ... 23*% U S Smelters 128% 128 Vanadium ... ... 26% Amusements — Crosley Radio ... ... 14*4 Fox Thea . . . 16% Loews Inc 34% 34% 34 72 34% Radio Corp 8% 8% 8% 8% RKO 3% Warner Bros 7% 7% Tobaccos— Am Snuff 55% Am Sum Tob 18*2 Am Tob (A i 71% Am Tob ißi 73% Gen Cigars . 36 36 Dig & Myrs (Bi 95 95% Lorillard 18% 18% Reynolds Tob (B) .. ... ... 44% Rails— Atchison . 70% Atl Coast Lines . .. ... 49% 49% B Ac O . . 30 Can Pac 16% 16% 16% 16', ICh & Ohio . 47*2 47*2 47% 47% ! Chi & Gt W 47* C M it St P 6% C M & St P pfd 11*4 Chi N W 13 *4 13', 2 Chi N W pfd 24 Dela Ac Hud 67 Del Lac Ac W 28% 28% Erie 22% Erie pfd 27% Grt Northrn pfd 29% 29% 111 Central 33*4 32% K C Sou 15% Lehigh Valey 18% 111% Lou & Nash 61 M K Ac T 12% 12% M K Ac T pfd 30% Mo Pac pfd 8 8 N Y Cent 36% 36*4 N Y Chi & St L . .. . 24 N Y Ch-St L pfd 35 Vs 35% 3574 34% N Y New Haven . . 19'/, N Y Ont Ac West 374 Norfolk Ac Wes 182 Nor Pac . 35 35 Penn R R 35*2 35'/, 35% 35% Reading ... 51% Sou Pac 28% 28*% Sou R R 33% Sou R R pfd 397, Union Pac ... 132 Wabash ... ... 4*4 West Maryland.. .. ... ... 15% Equipments— Allis Chalmers ... ... 20% 20 Am Brake Shoe. 32% l Am Car Ac Fdv 28% I Am Loco ... 34*i | Am Loco pfd ... 70 1 Am Mach Ac Fdv .. 17 ; Am Steel Fdy . 20% Bald Loco 14% 14'i j Bald Loco pfd . 63% i Burroghs 16 15% 1 Case J I 69*i | Cater Tract 32 Deere Ac Cos 29% Elec Stor Bat 44% Foster Wheeler ... 19 *, Gen Am Tk Car 41** Gen Elec . 23*4 23% 23% 23 Gen R R Sig .. ... 51 % Ingsol Rand ... .. . ... 65 Int, Bus Mach .. ... . 145 Int Harvester 41% 41 % Natl Cash Reg 20 197 2 20 19*4 Pullman Inc 58% Rem Rand 12% 12% Und Elliott 45% West Air B . 32 Westingh Elec 41% 40% 41 41%

Utilities— Am & For Pwr .. . . 10% 10 Am Pow & Lit., 9 % 9 AT&T 123% 123 123 122% Am Wat Wks 21% 21 21% 21 Brook Un Gas .. 69 69 Col Gas & El 15% Id’s 15% 15% Col G & E pfd .. 75 Com & Sou . 2% 2% 2% 2% Consol Gas 38% 38% 38% 38% Elec Pwr & Lit. 7% 7% E P & L pfd . 18 17% 18 17% Int ydro Elec 7% 7% Int T & T 14% 15 Lou G & E 'A' 17% Nat Pwr & iLt . 11% 11% North Amer . 19% 19% 19% 18% Pac C & E 19% 19% 19% 19% Peoples Gas • ... 37% 37% Postal Tel pfd . . \ . 24% Pub Serv N J . 39% 38% 39% 38% So Cal Edison 19% 19% Std Gas . . 12% Std Gas pfd .. 14% 14 14% 14% Stone & Web . 9% 9% 9% 9% Un Gas Imp ... ... 16% 16% Ut Pwr & Lit A 3% 4 Western Union 55% 55% Rubbers— Firestone 22% 21% 21% 22% Goodrich 17% 17% 17% 17 Goodyear ... . • 36% Kelly Spring ... 3% 3% VS' Rubber . 23% 22% 22% 23% U S Rubber pfd 58% 58% 58% 59 Miscellaneous— Am Bank Note . 22% 21% 22 21% Am Can . . 103% Anchor Cap .. . . 22 22 Brklvn Man Tr 35% 35% 35% 35% Conti Can . 8? 82% Crown Cork . . 32% 31% 32% 31% Curtiss Pub . 28 27% 27% 28 Curtiss Pub pfd . 79% Eastman Kodak 93", 93% 93% 93% Gillette . 12% 12% Glidden 27% 27% 27% 26% Inter Rapid Tr . .. ... . 9% Owens Bottle ... ... 87% 87% Ravbestos Mfg ... ... ... 20% Foods— Am Sugar 52 Armour A . 7% 7% Beatrice Cream 16% 15% 16% 15% Borden Prod 25% 24% 25% 24% Cal Packing 29% 29% Cana Dry G Ale 27% Coca Cola . 120% Corn Prod 76% 77 Crm of Whea* 33% 33% Cuban Am Su& 7% 7% Gen Foods 34% 34% Gold Dust ... . 21% 21% 21% 21% G W Sugar 30% 30 30% 30% Hershev 58% Int Salt 30% Loose Wiles . 42% Natl Biscuit ... 44% 43% 44% 45% Natl D Prod 17% 16% 17% 16% Purity Bak . . 16% S Porto Rico Sug 32% 32% 32% 32% Spencer Kellog . .. ... . 22% Std Brands . . 21% 21% Un Biscuit 27% 27% 27% 27% United Fruit 73 Wrigley 62% Retail Stores— Asso Drv Goods 16% 15% Best & Cos 33% First Natl Stores 67 66 Gtmbel Bros 5% Glmbel pfd 25% Gr Un Tea 7% Hahn Dept Sts 7% 7% Jewel Tea 50 Kresge S S . 20% 20% Kroger Groc 32 s , 32% 32% 32% M&cv R H 48% Marshall Fields 18% May Dept St ... 44 Mont Ward .... 31% 31% 31% 31% NaU T*a .. ... 17% 17%

THE INDIANAPOLIS TIMES

Penny J C 67% 67% Safeway St 55 Sears Roebuck 50 Wooiworth 54 54% I Aviation— Aviation Corp .... ... 9 8% ! Curtiss Wright. 4 4 j Curtiss Wr A 10% 10% i Douglas Air .. 24 Nor Am Av 6 6% Speery Corp . in% 10% ! United Aircraft 23 22% 23 23 Wright Aero 56 56 Chemicals— Air Reduction 98% 98 i Allied Chem .. ... ... 151% i Am Com Alcohol 50 t Col Carbon 72% 72 ' Com Solvents 28’ 2 28% I Dupont 97% 97% 97*2 97*, | Freeport Tex ... . . 45* a Liquid Carb ... 33% 32% 33% 32% Math Alkali ... 35% Montosonta Che 92% Natl Dis (new) 31', 30% 31% 30% Schenelev Dist . 35% 35*2 Tex Gulf Sulph 367, 36'2 36% 36% Union Carbide 45% U S Ind Alco 52 Vir Chm 6% pfd 21 % 21 Drugs— Cotv Inc 6% 6% Lambert 27 Lehn Ac Fink 22% 22% Un Drug 17% 17 Zonite Prod • ... 67, Financial— Adams Exp 9% 9% Allegheny Corp 3*4 3*4 Am Int Corp 8% 8% Chesa Corp 43% Lehman Corp 74*4 73% Transamerica .. 7% 7 774 77, Tr Conti Corp ... ... s'/* 5% Building— Am Radiator .. 15% 15% 15% 15% Gen Asphalt ... 21% 20% 21% 20% Int Cement ... ... 29 Johns Manville 56% Libby Owens Gls 37*2 Otis Elev 15% 15% Household— Col Pal Pett .18 17% 18 17% Congoleum 28% 28% 28% 28’ 2 Kelvinator ... ... .. . 19 Mohawk Carpet 20% Proc Ac Gamble 36 35% Simmons Bed 207, Textiles— Amer Woolen .... ... ... 14% Belding Hem ... 14% 147* 14% 14% Celanese Corp . 37% 36% 37% 37 Collins Aikman . .. . . 25% 25% Gotham Hose ... ... . . 10 Indus Rayon 88% i Real Silk 10% New York Curb (BY Abbott. Hoppin Ac Co.l —April 19— Closel Close. Allied Mills . 9 !Gen Aviation 6*4 Alum Cos of Am 77 IGien Alden Coal 17% Am Cyanide B 21*41 Gulf Oil of Pa 66% Am Ac For P W 6%|Hiram Walker. 42% Am G Ac El 27%(Hud Bay Min . 13% Am Superpower 3Vs!Humble Oil ... 45% Ass G Ac El 1 limp Oil Ltd .. 147s Atlas Corp 13%!int Petrol ... 27*4 Axton Fish Tob 60 Lake Shore Mn. 49% Can Ind Ale 'A’ 15 Libby Me Lib. 6%| Can Marc ... 2% Lone Star Gas. 6% Carrier Corp .. 8 Natl Bellas Hess 3% Cities Serv 7% Natl Bellas Hess 3% Commonwth Ed 57*4 Nia Hud Pwr . 64 Con G of Balt 59% Park Davis .... 24% Cord Corp . ... 6%|penn Road .. 3'/, Creole Petrol 13 St Reg Paper . 3% Crown Cork Int 7%; sal Ck Prod .. 7% Deere Ac Cos. 29%! Sherwin Wms. . 67% Distillers Lim . 23%!std of Ind . 27% Distillers Corp. 20 % [ Std of Kj . ... 16% Dow Chem 88 s Techniclr ' Ind 9% El Bnd Ac Sh 17%l Tech Hugh Gold 6% Fisk Rubber 18*/alUn Gas . . . 374 For dos Can A 23-%! Un P Ac Lt ‘A\ 474 Ford of Surope 8%l Wright Har Min 9'% Investment Trust Shares (By Abbott,, Hoppin Ac Cos.) —April 19— Bi and Ask Am Bank Stocks Corp 1.23 1.27 Am Ac Gen Sec A 5.00 7.00 Am Ac Inv Tr Sh 1.75 Basic Industry Shares 3.62 2.70 British Type Inv Tr Sh . . .54 .60 Collateral Trustee Sh A .. 5.00 5.12 Corporate Trust Shares told’ 2.20 2.24 Corporate Trust Shares (new) 2.48 2.52 Cumulative Trust Shares . 4.25 . . . Diversified Trust Shares A... 6.25 Diversified Trust Shares B ... 8.12 8.37 j Diversified Trust Shares C -.. 3.32 3.36 Diversified Trust Shares D ... 4.95 5.05 First Insurance Stock Corp . 1.32 1.36 First Common Stock Corp . .84 8.87 Fixed Trust Oil Shares A ... 8.95 . .. Fixed Trust Oil Shares B ... 7.70 Incorporators Investments 19.00 19.25 Land Bank Bond Shares 1.26 1.33 Low Priced Trust Shares .. 6.10 6.95 Mass Inv Trust Shares 19.76 21.48 Nation Wide Securities 3.54 3.60 North Am Trust Shares (53).. 1.97 2.02 N Am Trust Shares (55-56).. 2.45 2.48 North Am Trust Shares (58) .. 2.51 2.54 Selected American Shares ... 2.75 Selected American Shares Inc 1.30 1.35 Selected Cumulative Shares . 7.12 Selected Income Shares . 3.70 4.20 Std American Trust Shares A 3.12 3.16 Trust hares of America 2.98 3.02 Trustee Std Oil A 5.80 5.90 Trustee Std Oil B 5.30 5.60 U S Elec Lt & Pwr A 13.00 13.25 Universal Trust Shares 3.18 3.22 Daily Price Index (By United Press) NEW YORK. April 19.—Dun & Bradstreet's daily weighted price index of thirty bacis commodities compiled for the United Press: (1930-1932 AVERAGE. 1001 Today 105.07 Yesterday 105.38 Week Ago . . 107.60 Month Ago 109.19 Year Ago 80.46 1934 High -March 12) 110.24 1934 Low )Jan. 3> . 101.05 (Copyright. 1934 bv Dun & Bradstreet. Inc.l

Bright Spots 'By Abbott. Hoppin & Cos.) —— Net income of the Continental Baking Company and subsidaries in thirteen weeks ended March 31 was $289,166 after all charges against $323,201 in fifteen weeks ended April 15, 1933. Electric output of Commonwealth and Southern system for March was 499.961.074 kilowatt hours against 409,634,080 kilowatt hours in March last year. Otis Elevator Company and domestic subsidiaries in the quarter ended March 31 had a net loss of $252,051 after taxes and other charges against *608,717 in the first quarter of 1933. Other Livestock (Bv United Pressi CHICAGO. April 20.—Hogs Receipts, 20,000. including 8,000 directs: better grade 17 3-280 lbs., s3.9oft 4: top. $4; 290-350 lbs., 53.65 ft 3.90: light lights. $3.50413.90: pigs $2.25ft 3.25: packing sows, 53ft3.25; light lights. 140-160 lbs., good and choice. $2.50 ft 3.90; light weight. 160-200 lbs., good and choice, 53.75ft4; medium weights, 200-250 lbs., good and choice. S3.Bsft 4; heavy weights, 250-350 lbs., good and choice. 53.65ft4; packing sows, 275-550 lbs., medium and good. $2.90ft3.40; slaughter p,gs. 100-130 lbs., good and choice, $2.25ft 3.50. Cattle*—Receipts, 2.000: calves. 800; general market very slow: heavy steers and few well-finished yearlings, steady to weak; lower grade light steers. 10 to 15c lower: she stock weak to 15c lower; cows showing maximum decline; bulls, steady; vealers, 25 to 50c lower: several 1,213-1.476, lb. kinds. $7.65; yearling offerings. $7; oractical too vealers. $6.50: slaughter cattle and vealers. steers. 550-900 lbs., good and choice. $6ft7.75; 900-1.100 lbs., good and choice. $6/t7.75; 1.100-1.300 lbs., good and choice. $6.75ft 8.15: 1-300-1,500 lbs., good and choice, $6.75ft 8.15: 550-1.300 lbs., common and medium. S4.soft 6.75; heifers. 550750 lbs., good and choice. $5.25ft 6.50; common and medium. s3.soft 5.25; cows, good. 53.75ft4 75: com-.on and medium. s2.Bsft 3.75: low cutter and cutter. S2ft 2.85: bulls, yearlings excluded, good beef, $3.35ft 3.75: cutter, common and medium, S3; vealers. good and choice, ssft7: medium. $4/i 5: nil and common. s3ft 4: stocker and feeder cattle, steers. 550-1.050 lbs., good and choice. $4.95/j6; common and medium. s3.soft 5. Sheep Receipts. 15.000: slow: indication around steady on desirable wool lambs with sellers asking higher: better grade. $9.75; initial packer bids well below $9.50: sheep strong; slaughter sheep and lambs: lambs. 90 lbs., down, good and choice. s9.4oft 9.65; common and medium. $7.25ft 9.40: 30-98 lbs., good and choice, $9.25ft 9.60: ewes. 90-150 lbs. good and choice. $3.75ft 5.25; all weights, common and medium. *34|4.25. (By Times Speciali LOUISVILLE. April 20.—Cattle—Receipts. 100; broad demand for all slaughter classes; market, active, strong with earlier in the week: buik. common to medium steers and heifers, $4.25ft 5.25: better finished fed kinds, $5.50/i6.25; bulk beef cows, *53ft3.75; good *4; smooth heifer types higher: low cutters and cutters, $1,504)2.50; sausage bulls, $3.75 down; bulk better light Hereford Stockers. $4.75ft 5.25; common to medium grade natives. S3 ft 4. Caives—Receipts. *450; market, strong with spots on medium and lower grades 50c higher than recent quotations: bulk better vealers. *5/(5 50: strictly choice. *6: medium and lower grades *4 down. Hogs— Receipts. 1.000: market. 5c lower: 170-240 lbs . *3.90: 245-270 lbs.. *3.55. 275 lbs. up. *3.20: 145-165 lbs.. $1.20: 120-140 lbs.. *1.95; sows. *1.95. Sheep—Receipts. 100; market, generally steady on all classes and grades: bulk better spring lambs. *loft 10.50: plainer kinds down to *9 and less; medium to good wooled lambs. 17ft8: choice eligible higher: light throwouts mostly *5: bulk fat wooled ewes. *3j4; clipped sheep at around *1 discount.

SWINE VALUES STEADY TO 10 CENTS LOWER

Cattle, Lambs Scarce and Stationary; Vealers Turn Weak.

General decline of 5 cents appeared in the hog market in early trading at the Union Stockyards this morning. Underweights remained steady to around 10 cents lower than yesterday’s average. Bulk of 160 to 300 pounds, was salable at 53.95 to $4. Several better grade porkers sold up to $4.05. Others weighing from 130 to 160 pounds, brought $3.15 to $3.65. Extremely light slaughter pigs,, scaling 100 to 130 pounds, were cashed in at $2.25 to $3. Receipts were estimated at 8.000; holdovers, 482. Cattle market was dull and unchanged, with the usual week-end cleanup trade prevailing. Most all classes held inactive during the early trading. Receipts numbered 400. Veal market slumped 50 cents selling mostly at $6.50 down. Receipts were 700. With practically nothing done during the early session, lamb value* continued stationary at the previous close. Bulk of shorn grades was salable at $8.50. Receipts-were 400. Initial bids on hogs at Chicago held fully steady with yesterday’s average at $4 down. Sales were scarce. Receipts were estimated at 20,000, including 8,000 directs. Holdovers, 2.000. Cattle receipts numbered 2.000; calves, 800; market, unchanged. Sheep receipts 15,000; market weak to lowef. HOGS April. Bulk. Top Receipts. \{ *4.in 4.15 2.500 }*• 400 4.05 7.000 17 - 3 85 3.90 8,000 18. 3.95 4.00 7.000' 19. 4.00-3: 4.05 4.10 6,000 20. 4.00(3, 4.05 4.05 8,000 Market lower. (140-160' Good and choice .. i 3.40@ 3.65 —Light Weights—-(l6o-180' Good and choice .. 3.95 (180-200) Good and choice ... 3,95 —Medium Weights—-(2oo-220) Good and choice ... 4.00® 4.05 (220-250) Good and choice ... 4.00<S- 4.05 —Heavy Weights—-(2so-290) Good and choice .. 3.95(5} 405 (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, 400; market, steady. (1,050-1,100) Good and choice $ 6.50® 750 Common and medium 4.50® 6.50 (1,100-1,500) Good and choice 6.50® 8.00 Common and medium 4 75® 6 50 (675-750) Good and choice 5.25® 825 Common and medium .... [email protected] (750-900 Good and medium 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® 7.25 Bulls (yearlings excluded) Good (beef steers) 3.00® 375 Cutter, common and medium 1.75® 3.00 VEALERS Receipts. 700; market, lower. 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® 500 Common and medium 2.00® 3.50 —Feeder and Stocker CattleGood and choice 4.00® 550 Common and medium 2.755% 4.00 (800-1.500) Good and choice 4.00® 5.50 Common and medium ..... 2.75® 4.00 SHEEP AND LAMBS Receipts, 400; 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® 4.00 Common and medium 1.75® 3.50 Other Livestock (By United Press) FT. WAYNE, April 20.—Hogs—5 to 10c lower; 250-300 lbs., $3.95; 200-240 lbs. $3.85: 180-200 lbs., $3.80: 160-180 lbs $3.80; 300-350 lbs.. $3.55; 150-160 lbs.' 53.50; 140-150 lbs . $3.25; 130-140 lbs. S3: 120-130 lbs.. $2.50; 100-120 lbs.. $2.15: toughs. $2.75; stags, $1.50. Calves, $6.50: lambs. $9.25; down. LAFAYETTE. April 20.—Hogs—5 to 10c lower; 200-250 lbs.. $3.85: 250-300 1b... $3.75: 300-325 lbs.. $3.60; 170-200 lbs.. $3.70; 160-170 lbs.. $3.60: 150-160 lbs.. $3.40; 130-150 lbs.. $3.15: 130-140 lbs.. $2.90: 100130 lbs.. $1.90®2.65: roughs. $3 down; top calves. $5.50; top lambs, $9. CINCINNATI. April 20.—Hogs—Receipts. 3.500, including 428 direct and through: most better. 160-300 lb. weights held firmly at $4.10 or 5 cents lower than Thursday: early bids 10 to 15 cents lower on these weights: lighter weights and packing sows weak to 25 cents off: most 150160 lbs., 53.50® 3.75; 130-150 lbs„ S3(O 3.50: good packing sows. $2.50®2.75. Cattle— Receipts. 1.000: calves, receipts. 450; steers and cows, fairly active, fully steady; heifers and bulls slow, barely. steady; most I steers and heifers on killing accounts. I $4.75® 5.75; few handyweights to $6.25: fat | cows. $3.25®4.50; low cutters and cutters, I 51.75®3.25; most sausage bulls. $3©3.85: I calves, strong to 50 cents higher; bulk 1 good to choice, s6® 7: others, $3.50® 5.50. I Sheep—Receipts. 200; direct and through, ! 28: early prospects failed to materialize I and spring lambs sold sharply lower. sl2 J downward to $9; very little else offered I on early rounds; few shorn old crop ewes | around $2.50.

We Buy and Sell HOME OWNERS’ LOAN CORPORATION 4% Bonds due 1951 Interest guaranteed by U. S. Government. Exempt from all taxes except surtaxes, inheritance, estate and gift taxes. i Indianapolis Bond and Share Corporation 129 E. Market St. Telephone RHey 4551

Conservative Business Invited 3mcrican national Bank AT INDIANAPOLIS Investments and Investment Service Wm. E. Shumaker & Company, Inc. 14OH ClreU Tower LI-6354

Chicago Stocks — By Abbott. Hoppin <fc Cos. ———————

—April 20— High. Low. 11:30 Allied Products 17*2 Berghoff 9 8% 8% Borg-Warner 25*2 25** 25% Butler Bros .. 12 11% 11% Chicago Corp com .... 2% 2% 2% Chicago Corp pfd . - 27 Cities Service 2% 2% 2% Comonwealth Edison 57*2 56% 57% Cord Corp 6% 6% 6’* Chicago Ribbon 13% 12*2 13 Electric Household 12*2 Iron Fireman 13% Libby-McNeil 6*. Lion Oil Refining Cos. ... ... 4% National-Standard • . 26 Noblitt-Sparfcs Inds Inc 14% 14% 14% Public Service N P 19 BUILDING CONTRACTS JUMP 30 PER CENT State, Municipal Awards Are Responsible for Gain. By Times Special NEW YORK. April 20.—Engineering construction awards this week are up 30 per cent to $25,418,000, as reported by the Engineering News-Record. State and municipal and private contracts are responsible for this gain, since federal awards dropped back from $6,489,000 last week to $3,442,000 this week. State and municipal awards are up to $14,840,000 from $8,607,000 and private to $7,136,000 from $4,445,000 last w'eek. This w:eek is about 10 per cent ahead of the average week to date. $23,200,000. Highway awards staged a comeback, $8,858,000, after running at or below $6,000,000 for four weeks. Waterworks at $1,067,000 are ahead of last week; sewerage at $1,758,000 is slightly ahead; bridges at $1,982,000 are slightly down, and the earthwork, irrigation and waterway classification is down, $1,906,000, compared with more than three million last w'eek. In the building group public buildings are about the same as last w'eek, $1,953,000; industrial buildings at $1,690,00, slightly below, and commercial buildings, at $2,000,000. w'ell over last week’s low of $300,000. One of the larger lettings was to the Law'renceburg Distillery at Lawrenceburg. Ind.

Produce Markets Delivered in Indianapolis Prices—Hens, He. 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 over 7c; geese. sc; young guineas, 1 % to 3 ibs., 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 by Wadley. (By United Presst CHICAGO, April 20.—Eggs—Market, unsettled; receipts, 44.122 cases; extra firsts, 16%c: fresh graded firsts. 16c: current receipts. 15c; dirties. 13%c: checks. 13%c. Butter—Market, firm: receipts. 10.354 tubs; extra firsts’ 190-91 % scorei. 21%® 22c; seconds (86-87*2 scorei. 20%c; extras (92 score). 22%c: specials. 22%® 23%c: standards. 22%c. Poultry—Market, steady: receipts. 24 trucks; heavy hens, 14%c; old roosters. B%c; springs, 24c; geese. 8c: broilers, 22c; capons. 22c: turkeys. 20c; fryers. 24c; Leghorns. 14* >c. Cheese — Twins. 11%®12c: Longhorns, 12%®12%c; daisies. 12%®12%c. Potatoes—Old stock— Supply liberal: demand and trading slow: market, about steady; Idaho Russets. 1 cars, $1.50; 2 cars, $1.52*2; 2 cars. 51.55; combination grade. 1 car. $1.30: Washington Russets combiantion grade. 1 car, $1.35; U. S. No. 2, 1 car. $1.20: Colorado McClures. 2 cars, $1.50: 1 car. $1.55: Minnesota and North Dakota Red River section early Ohios, 1 car. $1.15; 1 car certified seed, partly graded. $1; Wisconsin round whites ungraded. $1.05; Nebraska TL\umphs, 1 car. $1.20; 1 car. $1.25. New Stock —Supply moderate; demand and trading moderate; market, firm: sales to jobbers. 100 lb. sacks, Texas Bliss Triumphs, $2.75@3. Shipments, 815; arrivals, 59; on track, 379. NEW YORK, April 20.—PotatoesSteady; Long Island, $1.50®3.25 barrel; southern, $2®5.75 barrel; Maine, sl.lo® 3.50 barrel; Idaho, $2.10’®2.20 sack; Bermuda, $4®4.50 barrel. Canada, $1,904(2 barrel. Sweet potatoes—Dull; Jersey basket. 50c® $1.75; Southern basket, 50c® $1.60. Flour—Lower; springs: patents. $6.05® 6.30 barrel. Pork—Steady; mess, $20.25 barrel. Lard—Steady; middle west spot, $4.35® 4.45 per 100 lbs. Dressed poultry—lrregular; turkeys. 16®25%c; chickens, 8® 28c; broilers. 10®'28c; capons. 20®32c; fowls, 15® 19c; Long Island ducks, 15® 16c. Live poultry—Easy; geese, 6®7c; turkeys, 14® soc; roosters, 9c; ducks, 8® 12c; fowls. 16® 18c; chickens, 10® 12c; capons, 22c; broilers. 12® 24c. Cheese—Quiet: state whole milk, fancy to specials, 18® 19c; Young America fresh, 13c. CLEVELAND. April 20.—Butter—Market, firm: extras. 26c: standards. 26c. Eggs— Market, steady; extra whites. 15c: current receipts. 14%c. Poultry—Market barely steady; colored fowls. 4% lbs. and up. 17c: colored fowls, medium. 16c; Leghorn fowls. 3*2 lbs. and up 15c: Leghorn fowls. 13c: broilers, colored. 25c; old roosters. 10c: ducks, white, 5% lbs. and up. 0c: ducks, light, old. 17c; geese, ordinary, 12c; broilers. fanev Rock. 27c: broilers. Leghorn. 23c: stags 14c. Potatoes —Maine, mostly $2.15 per 100-lb. sack; Idaho, mostly $1.85 ® 1.90: Ohio and New’ York. $1.75® 1.85: Michigan, $1.85.

Thomas D.Sheerin and Company INVESTMENT SECURITIES Fletcher Trust Buiidino

1 Buy Bldg. & Loan Cos. Newton and Stocks Tniiil Sell ' 415 Lemcke Bldg. MHUI JCKLLEIt pOBfNS & (pOMPAKY ■ m tMC ■ - investment Securities Dealers in General Market Securities CONTINENTAL INDIANAPOLIS BUILDING RILEY 3321

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 New York Indianapolis Chirago Montreal Pittsburgh • MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange. Inc. New York Coffee and Sugar Exchange, Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. Woolling

Swift &Cos 18 17'* 18 ‘ Swift Internationa! ... 31 30', 31 ' Thompson J R * , 7% 7% Utility & Ind pfd 4% Vortex Cup Cos 11 Walgreen Cos Com 27% Zenith Radio 4% 4 4 Cash Grain INDIANAPOLIS —April 19— Tha bids for car ots of grain at the calls of the Indianapolis Board of Trade To. b. shipping point, basis 41% New York rate, were: Wheat—Weak: No. 1 red. 66®67c; No 2 red. 65®66c: No. 2 hard. 65®66c Corn—Weak: No. 3 white. 40® 41c: No 4 white. 33®40c: No. 3 yellow. 38®390 No. 4 yellow 37® 38c: No. 3 mixed. 37® 38c: No. 4 mixed. 36® 37c Oats—No. 2 white. 255a26c: No 3 white 24® 25c. —lnspections Wheat—No. 1 red. 1 car: No 2 red 3 cars. Total. 4 cars. Corn—No 3 white. 2 cars: No. 4 white. 1 car; No. 2 yellow. 13 cars; No. 3 vellow 4 cars: No. 4 yellow, 2 cars. Total. 22 cars. Oats—No. 2 white. •( cars; No. 3 white. 3 cars; No. 4 white. 2 cars, No 2 mixed 1 car. Total. 10 cars. Rje—No. 2, 6 cars. Total. 6 cars. Local Wagon Wheat City grain elevators are paving 64 cents for No. 2 soft red wneat. utuer grade.on their merits. tßy United Press i CHISAGO. April 19— Cash gram: Wheat —No. 1 hard. 76® 78c. Corn—No. 4 mixed. 41c. lake; No. 5 mixed. 42* 2 c; No, 2 vellow 44%®44%c: No. 2 vellow lake. 45c; No. 2 yellow, old. 44%c; No. 3 vellow 44%c; No. 5 vellow. 44c; sample grade 37c. Oats—No. 2 white, 28%c- No 3 white. 27%c; No. 4white 26%a27%c Rye—No sales. Bariev—7s® 77c: quotable 42® 80c. Timothy—s6.2s® 6.50. Clover seed—sll® 1.50. Cash provisions—Lard Ss.Bt; lose. $5.75: leaf. $5.75: S. Bellies. TOLEDO. April 19.—Grain close; (Grain in elevators, transit billing.' Wheat—No. 2 red. 79® 80c. Corn—No. 2 vellow. 49® 5Cc. Oats—No. 2 white. 32%@33%c. Rve No. 2. 57%® 58%c. (Track prices 28%c rate. Wheat—No. 1 red. 74%@75c; No. 2 red. 73*2® 74%c. Corn—No. 2 vellow. 44% ® 45%c; No. 3 vellow. 43%® 44%c No 4 yellow. 42%®43%c. Oats—No 2 white 29'..® 31c: No. 3 white. 29® 30%c. Seed close: Clover—Cash, $8.25. Alsike—Cash $8.50. NEW YORK. April 19.—Cash grain: Wheat—No. 2 red. 92%c; o. 2 hard winter. 93%c Corn—No 2 mixed. 52',c. Oats—No. 3 white. 37%c. ST. LOUIS. Anril 19.—Cash grain Wheat—ln fair demand: l%®2c lower on red. and 3c lower on hard; No. 2 red. 75 ®75%c: 74c nominal at close: No. 3 red. 74’ 2 c: No. 3 red Barlickv. 676 c; No. 1 hard. 74c: No. 2 hard. 74%c: nominal at ‘close. Corn—ln fair demand. %c lower; No. 3 mixed. 45e: No 32 vellow. 45% ® | 45* 2 c: No. 5 w-hite. 45c. Oats —In fair I demand. %c lower: No 2 white. 29%c: No. 3 white. 28%c: No. 2 mixed 29%c. GLASS FIRM ANNOUNCES $6,993,489.10 EARNINGS Owens-Illinois Income Equivalent to 55.77 a Share. By Times Special TOLEDO, 0.. April 20.—At the annual meeting of shareholders of Owens-Illinois Glass Company, held here this week, it was announced that net earnings of the company and wholly owned subsidiaries for the twelve-month period ended March 31. 1934, were $6,993,489.10, after all charges, as compared with $2,466,008.19 for the previous twelvemonth. These earnings are equivalent to $5.77 a share on the 1,200.000 common shares outstanding as compared with $4.86 a share earned for the twelve-month period ended Dec. 31, 1933, and $2.02 a share for the twelve-month period ended March 31. 1933. The regular quarterly divided of 75 cents a share was declared payable May 15 to common shareholders of record April 20. All senior securities and preferred stock of the company have been retired previously. SALES RECORD SET Sparks - Withington Cos. Reports Best Business Since 1928. By Times Special JACKSON. Mich., April 20.—T0 meet the greatest demand for Sparton electrical refrigerators and allwave radio sets in the company’s history, plants of the Sparks-With-ington Company of Jackson are operating at full capacity twentyfour hours daily, it was announced here today by Harry "'narks, vicepresident. The company has more unfilled orders on its books than since the j fall of 1928 and production sched- j ules have been arranged to meet j this demand. Mr. Sparks said. The | ccmpanv is employing more work- j ers than at any time during the last four years. American Hide and Leather Company in the quarter ended March 31 had a net profit of $68,232 aftej charges against $31.874 in the like 1939 period

APRIL 20,1934

MAJOR GRAINS WEAKEN UNDER UNEVEN SELLING Corn. Oats Resume Strong Trading Range: Sales Are Light, BY HARMAN W. NICHOLS United Pres Staff Corre*pondent CHICAGO. April 20. Scattered liquidation continued in the wheat pit at the opening of the Board of Trade today and prices held unchanged to % cent lower. Com opened J s to % cent higher. oats were % to % cent higher, and rye was 1% to 2 cents lower. Stocks offered no incentive to buyers while cotton was sharply lower. There was some short covering on the decline in the Liverpool market. This was influenced b’some small shipments from the southern hemisphere. Chicago Futures Range —April 20— Pr<" High Low 10:00 Close Wheat— May 75 ,75’i .74% .74% Julv 75% .74% .75 .75 Sept 76% ,75 s . .76% .76% Corn— May ,43'a .43'* .43', 43% Julv 46', .45% .46% .45 , Sept 48% .48 .48% .47% Oats— Mav 27% .26% .27 .26% Julv 27% 27% .27% .27', Sept 28% .28% .28% .28% Rve— Mav 51 .49% .$1 .51% Julv 52% .51% .52% .52’, Sept 54% .53 .54% .55 Bariev— Mav 36% .36 .36% .36 Julv ... . .38 .37% .38 .37% Sept 39% .39% .39% .39 CHICAGO PRIMARY RECEIPTS —April 19— —Bushels Todav. Last week Wi eat 402.000 293.000 Corn 247.000 283.000 Oats . 69.000 99.000 INCOME GAIN REPORTED Quebec Power Company Earnings Up $3,890 in First Quarter. Quebec Power Company reports, for the first quarter of this year, gross revenue of $972,823. compared with $968,933 for the corresponding period last year. Operating expenses. taxes, exchange on interest payments and fixed charges amounted to $707,115, compared with $735,891 for the same quarter last year, leaving surplus before depreciation and income tax of $265.707, compared with $233,042 for the first three months of 1933. Directors have declared the regular quarterly dividend of 25 cents' per share, payable May 15 to shareholders of record April 25. Short Selling Decreases. By Times Special NEW YORK, April 20.—Short position on the New' York Curb Exchange at the close of business March 29 totaled 30,332 shares, a decrease of 1,078 shares since Feb 28. Wc Bun avd, Sell Indianapolis Railway 5s T' " ’’ante Electric Pfd. on Terminal 5s CITY SECURITIES CORPORATION 420 Circle Tower Indianapolis LI ncoln 5535

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