Indianapolis Times, Volume 45, Number 296, Indianapolis, Marion County, 21 April 1934 — Page 14

PAGE 14

Wall Street National Recovery Board Expected to Report to Roosevelt Shortly. —BY RALPH MENDERSHOI

Time* Soecirfl financial Writer 'T'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. D arr o w can be counted upon to reveal any wrongdoings on the part of the so -ca 11 e and mo n opolies. In addition to being a keen interrogator, his sympathies invaria-' bly have been with the op-1 pressed. 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, hove far Mr. Roosevelt might be willing to go in carrying them out, but it is conceivable that they might be “right down his alley." a a a 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 Stork 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-btirn 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. a a a Commission Could Act Quickly SECONDLY, a commission of that sort would result in this important work being under the eye of 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 exports would be named to such a commission. That w r ould be in line with the needs not only of the government but of industry and the markets as well. There would be liile banger of such experts running the markets into the ground or of supplying the President with halfbaked or impracticable ideas. • On Commission Row —April 20— —Fruits— Apples—New York Baldwins, fancy, $1.65 tip; fancy St ay mans. $2.25; fancy Winesaps. $2.50. Oranges—California Sunkist. 53.25fi3.75; Floridas. $35?/ 3.75. Lemons—Sunkist. $5.50. Grapefruit—Arizona seedless. 645-70s. $3 03.25; Florida. $3.2503.50. Strawberries—Louisiana 24-pt. crate $2.2502.50; Alabama 24-qt. crate. $4.25® 4 50. Melons—Argentina Honeydews. $2.25. Pears—Calavos. 53.50 per box. Bananas—Per pound. 5 cents. —Vegetables— Cabbage—New Texas. $1.35 per halfcratc; Florida red. $3 per hamper. Celery—Florida, $2.80 a crate; mammoth bunch, 85c; medium butlch. 45c: hearts, dozen bunch. $1.35. Onions—lndiana yellow. 50-lb. bag. $1.25; red. $1 15: Idaho. Spanish. $1.35. Potatoes—Northern round white. 100-lb. bag $1 90: Red Riyer Ohios. $2.10: Maine Green Mountain. $2.40: Colorado McClures, *2.15; Idaho Russets, $2.15: Wyoming Triumphs, 50-lb. bag, $1.15: New Texas Triumphs. $1.90 Sweet Potatoes—lndiana .tersevs. per bushel. $2; Porto Ricans. $1.90. Asparagus—California select, erate. s3@ 3 75. Beans—Round, stringless. $?.50; lima. $3 2511 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. sl.lO. Lettuce—Hot house. 10-lb. basket. 70c; Iceberg best. $3.750 4.50 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 per bushei Tomatoes Repacked, 10-lb. carton. $1 50: selected, cellophane wrapped. $1.75; original Mexican. 30-lb. lug. $3.50. CHICAGO FRt IT MARKET ißy United Press i CHICAGO. April 20.—Apples—Michigan Baldwins. $1.50 bushel. Carrots—lllinois, 50 i 55c bushel. Spinach—Texas. 50c>-isl bushel. Beans—Southern green. S2O 2.50 bushel hampers; wax. $2.750 3. Cucumbers —Central western hothouse. $1.750 2.35 (two dozen to boxt. Tomatoes—Florida. $175 <t 3 lug box Sweet potatoes—Tennessee. $1 650 1.75 bushel. Mushrooms— Illinois. 20'ji32'jc lb. cartoons. Asparagus— California. $2.75 03 75 doz. bunches Leaf lettuce—lllinois hothouse. 500 65c ten-lb. baskets. Onion market >SO-lb. sacksi: Western Valencias. $1.2501.35. Michigan yellow, 850 95c Oregon yellows. 85c® sl. Central western yellows. 453 75c. Texas yellows, $1.200 1.30. N. Y. Coffee. Sugar Futures COFFEE —April 20— —Santos— High. Low Close. March 11 46 11.42 11.46 Mar 11 79 11 68 11.78 Julv 10 90 10.85 10 90 September 11 29 11 20 11.27 December 11.39 11 29 11.39 —Rio— January 8.66 March 8 68 May 8 28 July 8 50 8 40 8 46 September 8.55 R 48 8 55 December 8 64 8 45 8 64 Sugar —April 20— High. Low Close. Jan jary 1 60 1.59 1 59 Mara* 1.65 1.63 1.64 Mav 1.40 1 38 1 39 July 1 47 1 44 1.46 Sep-ombof 1 52 1 49 1 52 Deccbr 1 58 1 56 1 57 Ship Building Increases. By Turn?i Special NEW YORK. April 20.—Lloyd's register of shipping reports shipbuilding under way throughout the world increased 40 per cent, during t Ka- f)UA*<r AT- of- tiA- r-iirrwU- vefw.-

STOCKS SPORT 11 TO 3 POINTS IN LATE TRADE 4 Many Special Issues Make New 1934 Highs: News Is Favorable. BY ELMER C. YVALZER I nitrrt Press Financial Editor NEW YORK. April 21—The market staged a smart recovery near the close yesterday after moving in a narrow, irregular course. Gains ranged to more than 3 points. Trading picked up on the rally. The American dollar broke below its new gold parity in terms of the French franc and the Dutch guilder. Other foreign currencies also made substantial gains. Foreign interests j sold the dollar, believing the American gold price would be raised shortly. Airplane stocks were active. Traders believed old time companies ! would get back their air mail con- ! tracts, bids for which were sub- j mitted today. Rail List Firm United Aircraft rose more than 2 points. Others made corresponding gains. Sperry Corporation, which would benefit by broader use of airplanes through sale of equipment, ! came out in large blocks at rising i prices. Utilities were strong. Rails firmed in the late dealings. Farm equipments followed grains higher. Mail order shares met better demand. United States Steel gained more than a point as did Westinghouse Electric. Other leaders followed Automobile and auto equipment shares strengthened in active turnover. Special issues carried to new 1934 highs included American Chain preferred, Timken Detroit Axle, American Sugar preferred. Associated Dry Goods issues. American Chicle. Eastman Kodak. Gold Dust. Interna- ! tional Paper preferred. United States Rubber issues, and Spiegel. May Stern. Copper Group Strong International Nickel was active in the copper group, where prices were higher. Gold mining shares picked up on indications the gold price might be raised, and on belief the Canadian government would scale down the recent tax placed on newly mined gold. Business news was favorable. Stock sales yesterday were the best since Feb. 26 and approximated 1.390.000 shares against 1.330,000 shares Thursday. Curb sales were 346,000 shares against 355,000 shares Thursday. Dow Jones preliminary averages showed: Industrial, 106.55, up 1.03; railroad, 51.01. up 0.66; utility, 26.90, up 0.50. Money and Exchange INDIANAPOLIS BANK CLEARING —April 20— Clearings $1,606,000.00 Debits 4,550.000*0 FOREIGN EXCHANGE ißy Abbott. Hoppin & Cos.) —April 20Close. j Sterling. England $5.17 Franc, France 0665 Lira, Italy 0855% Bclgias, Belgium 2355 Mark. Germany 3960 Guilder. Holland 6825 Peseta, Spain 1378 Krone. Norway 2600 Krone, Denmark 2312 Yen. Japan 3044 Treasury Statement (By United Press) WASHINGTON. April 20. Government | expenses and receipts of the current fiscal i sear to April 18. compared with the < ori responding period of the previous fiscal I year: This Year Last Year Expenses $5,600,489,549.84 $4,053,363,504.66 : Receipts 2.430.470.082.75 1.508.325.881.62 Deficit 3.170.010.467.09 2.455.037,623 04 Cash Ral 4.474.979.505.85

Bond Prices ißv Fenner & Beane)

V. S. GOVERNMENT BONDS ißy United Press) NEW YORK. April 20.—Closine liberties. (Decimals represent thirty-seconds.) Liberty 2 %'S (32-47) .. 103.24 First 4% s (32-47( 103.20 Fourth 4%s i33-38i 104. Treasury 4’ t s-3% s (451 102 24 4’,s 147-521 110.9 3%s (43-47) 102.12 3%s (41-43) March 102.28 3%s 140-43 i June 102.24 i 3%S (41) 102.15 3%s (46-49) 100.17 13s 4 51-55 > 99.15 FEDERAL FARM LOAN RONDS (By Blyth A: Cos., Inc.) —April 20— Bid Ask i 4s Nov. 1 1957-37 100% 100% j4s Mav 1 1958-38 100% 100% ; 4%s Julv 1 1956-36 100% 101% I 4%s Jan. 1 1957-37 100 % 101% i 4’,s Mtv 1 1957-37 100% 101% 4%s Nov. 1 1958-38 100% 101% ! 4%s May 1 1942-32 100% 101 j 4%s Jan. 1 1943-33 100% 101 4%s Jan. 1 1953-33 100% 100% I 4%s July 1 1933-33 100% 100% I 4%'S Jan. 1 1955-35 100% 101% ! 4%s Julv l 1955-35 100** 101% I 4%s Jan. 1 1956-36 100% 101** | 4%s Julv 1 1953-33 100% 101% : 4%s Jan. 1 1954-34 100% 101% 4 3 * s Julv 1 1954-34 109% 101% i 5s Mav 1 1941-31 100% >92% 5s Nov. 1 1941-31 100% 102% —Home loan—i4s July 1 1951 100% 100% —Federal Farm Mortease Corporation—j 3%s March 15. 1964-44 .. 101% 102 In the Cotton Markets —April 20 — Chicago. Hich. Low. Close Januarv 12.07 11.97 12.07 : March 12.18 12.06 12.18 Mav .. 11.74 11.57 11.71 Julv ... 11.84 11.67 11.83 October 11 96 11 80 11.94 December 12.05 11.92 12.04 New York January 12.03 11.88 12.03 i March 12.11 11.96 12.10 Mav 11.63 11.47 11.62 Julv 11.74 11.58 11.72 i October 11.89 11.72 11.87 December 12.00 11.83 11.97 New Orleans Januarv 1200 March . 12.07 11 97 12 07 Mav . 11.67 11.53 11.65 ; Julv 11.74 11.59 11.71 October 11.86 1171 1183 I December 11.96 11.82 11.93

Bright Spots “■ By Abbott. Hoppin & Cos )~ ~

Electric output of Commonwealth' and Southern system for March was 499,961.011 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 j first quarter of 1933. Net income of the Continental Baking ; Company and subsidarie< :n thirteen weeks ended March 31 was $289,168 after ail charges against *323 201 in fifteen weeks endec April 15. 1933 American Hide and Leather Company In the quarter ended March 31 had a net frofl' of $68,232 after charges against $31.74 in the like 1933 period. Preliminary report of Atlantic Refining Company and subsidiaries for the first quarter of the current year shows earnings of 23 cents a share on the common stock against a net loss of $3,127,000 In rw—e of MM,

New York Stocks " -Bt Abbott Hoppin & Cos t ————

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 26X1 26.13 26.40 —.Ol Forty bonds 95.08 -.19 Ten first rails 99.91 —.04 Ten second rails 84.64 —.20 Ten utilities 97.66 -.32 Ten industrials 98.10 -.28 Ip- Off.

—April 20— Prev. Oils— High. Low. Close, close. Amerada . . 52% 52% 52 'j 51 1 2 At; Rfg 29% 28% 29 1 2 29 Barnsdall 9’x 8", 9 9 Consol 10l 13% 12% 13% 12% Cont of Del . 22% 22 22% 22 Houston inewi . 5% 4% 5 4% Houston < oil 1 . 26% 26 Indian Ffg 3% Mid Cont Pet. ... 14 13% 13% 13% Ohio Oil 13 * a 12 T a 13’ * 1.3 Pet Corp . 120 12H 12% 12’ a Phillips Pet .... 20’a 20 20’ 4 20% Plymouth Oil ... 13% 13% 13% 13'* Pure Oil .... 12% 12% 12% 12% Sbd Oil . ... 38 37*4 38 37’, Shell Un 9% 9% 9% 9', j Skellev iOl . 11 10% 11 10% i Soe Vac 17 1 i 17 17's 16 % S Oof Cal 37’ 36■% 37’, 37 i S Oof Kan . 40'-. 40% 40% 39% S O of N J 46'a 45’2 *6 45 3 4 1 Sun Oil ... 61’4 61 Texas Corp 27 1 a 26% 27% 27 Tidewater Assn . 14 13 3 14 13% Un Oil of Cal 17% 17’j 17 3 , 17% Steels— Am Roll Mills ... 24 7 * 23 3 4 24 7 s 24 Beth Steel 43+ 42 7 * 43’* 43 Byers A M 28 26% 27 7 * 27 7 s Cruc Steel 32 Inland Steel ... 45 . Ludlum Steel . 16 7 a 16% 16 7 * 16% McKeesport Tin. 90 89 90 90 + Mid Steel 18 17 18 17% Natl Steel 49 48 3 * 49 49 Otis Steel 6-Nt 6% Rep Iron & Stl 22'* 21 7 * 22% 21% Rep Iron & Stl p 61', 60'/* 61% 59 U S Pipe & Fdy 29' 2 28% 29’i 23% U S Steel . 52% 57% 52V 4 51 3 4 U S Steel pfd . . 96% 95% 96 96 Warren Bros 12 10% 11% 10% Youngst'n S& T 28 7 * 27% 28% 28 Motors— Auburn 45% 43% 43% 45% Chrysler 54% 53% 54% 53% Gen oMtors . 31i% 38% 39% 39% Gen Mot pfd . 100% 100 100% 100 Graham Mot 3% 3% Hudson 30% 19% 20% 20’4 Hudson 20% 19% 20% 20% Hupp 5% 5 5% 5 Mack Truck . . 33 32% 33 33 Nash 24% 24 24+ 24% Packard 5% 5% 5% 5% Reo 5 4% 5 4% Studebaker .... 7 6% 6% 7 Yellow Truck . 5% 5% 5% 5% Motor Access— Bendix 19% 18% 19% 18% Bohn Alum ... 64 + 63 64 % 63 1 Borg Warner 25% 25 25% 25% 18 1T ’ 3 1773 17% Budd Wheel 4% 4 4% 3% Eaton Mfg 22% 2h% 22% 22 Elec Auto Lite .. 27% 27 27% 27% Houdaille A".. 5% 5% 5% 5% Mullins Mfg . . 15% 14% 15% 14% Mullins Mfg pfd. 39% 38 1 4 38% 38 Murray Body .. 9 3 4 9% 9% 9% Stew Warner ... 9% 8% 9% 9% Timken Roll 35% 35 35% 35 Timken Det Axel 8% 7% 8% 7% Mining— Alaska Jun —2l 20% 20% 20% lAm Metals .... 26 24% 26 24% !Am Smelt 44% 43% 43% 43% Anaconda 17% 16% 17% 16% Cal Hecla . 5% 5% 5% 5% Cerro De Pasco .37 36 36% 36 + Dome Mines 37% 36% 37% 36% Granby 11% 11% 11% 11% Gt Nor Ore 13% 13% 13% 14 Homestake Min 355 356 Howe Sound .. 52% 51% 51% 52% Ins Copper .. . 5% 5% 5% Int Nickel 28% 27% 27% 27% Int Silver ,;g% 33 Isl Creek Coal 28 27 + Kennecott. Cop 22% 21% 22 21% Mclntyre Mine . 46% 45% '46% 45% Noranda Cop 42% 42 42% 42 + Park Utah .. 5% 5 5 5% Phelps Dodge .. 18 17% 17% 17 St Joe Lead ... 23% 23+ 23% 23% U S Smelters... 128% 126% 127 128 Vanadium 27% 27 27% 26% Amusements— Croslev Radio .. 14% 14 14% 14% Fox Thea 16% 16% 16% 16% Loews Inc 34% 34 34% 34% Radio Corp 8% 8% 8% 8% RKO 3% 3% 3% 3% Warner Bros ... 7% 7% 7% 7> /2 Tobaccos— Am Snuff 56% 56 56% 55% Am Sum Tob . 18% is % Am Tobacco “A" 72% 72 72% 71% Am Tobacco ‘ B’’ 73% 73% 73% 73% Gen Cigars 36 36 Ligg & Meyers B 96% 95 96 95% Lorillard 18% 18% 18% 18% Reynolds Tob B 45% 44 44% 44% Rails—- | Atchison . 72% 69% 71% 70% Atl Coast Lines 50 49%. 50 49% B& O 30% 29 30% 30 Can Pac 17% 16% 17 16% Ch & Ohio ... 47% 47% 47% 47V* Chi & Gt W . 41, Chi &Gt W pfd 11 * . ' CM&StP . . 6% CM& St P pfd 11% 11% 1154 n% Chi N W 13% 13% 13% 13% Chi N W pfd ... 25 :’3% 25 24 Dela <fc Hud ... 67% 35% 67% 67 Del Lac & W.. . 29% 28 23 s * 28% Erie 23% 22% 23% 22% Erie pfd 28% 27% 28V* 27'% C-rt Northern pfd 30% 29 30% 29% 111 Central 33% 32% 33% 32% K C Sou . 17 Vi 16% Lenigh Valley.. 19% 18% 19% 18% Lou & Nash ... 62% 61 62% 61 M K <fc T . 12% 12% 12% 12% MK & T Pfd 32 31V* 31% 30% Mo Pac .. 4% Mo Pac pfd . 8% 8 8% 8 N Y Cent 36% 35% 357* 36% N Y Chi St L 24% 24 NYC& St L p 37% 35% 37% 34% N Y New Haven 19% 19 19% 19% N Y Ont <fc West 9% Norfolk & Wes 132 Nor Pac 36% 34% 36% 35 Penn R R 36% 35% 36 35'* Reading . .... 51% 51% Sou Pac .. 29% 28 28% 28 + Sou R R 34% 33 34 V 4 33% Sou R R pfd . 40% 38% 40 39% Union Pac 133% 130% 133% 132 Wabash 4% West Maryland . 15% 15 s * 15% 15% Equipments— Allis Chalmers . 20% 19% 20% 20 Am Brake Shoe ... . 32'4 32% Am Car & Fdv 28% 28% Am C & Fdv pfd 53 52 52 Am Loco . . 34% 34 34 34% Am Loco pfd 70% 70 70 70 Am Mach & Fdy 17 17 Am Steel Fdv... 21% 20% 21 20% Paid Loco - .. 14 s * 14 14% 14% Bald Loco pfd . . 64* 63% Burroughs 16% 16 16% 15% Case J I 71 69% 71 69% Cater Tract 32% 32% 32% 32 Deere & Cos 29% 29% Liec Stor Bat . 45% 44% ! Fester Wheeler 19% 19 19% 19% Gen Am Tk Car 41% 41 41% 41% I Gen Elec 23% 23 23% 23 Gen R R Sig .. . 42% 41% 42% 41% Ingsol Rand 66% 65 110. Bus Mach .143% 143% 143% 145 Int Harvester . 42% 41% 42% 41% Natl Cash Reg . 20% 19% 20 19% Pullman Inc 59% 58 59 58% Rem Rand 12% 12% 12% 12% ur.d Elliot 46 45% 46 45V, West Air B . .. 32% 317* 32% 32 Westingh Elec 42% 40% 41% 41% Worthington Pmp 27 26% 27 Utilities— Am & For Pwr 10% 10% 10% 10 Am Power & Lit 9% 9% 9%. 9 AT&T . 123% 122% 123% 122% Am Wat Wks . 21% 21 21% 21 Brook Un Gas . 70 69 70 69 Col Gas & Elec 16% 15% 16% 15% Col G & E pfd . 75% 75 Com & Sou 2% 2% 2% 2% Consol Gas 39% 38% 39 38% Elec Pwr & Lit 7% 7% 7% 7% E P & L nfd 18% 17% 18 17% Int Hvdro Elec 8% 8% 8% 7% Ir.t TANARUS& T 15% 14% 15% 15. Lou G & E A .. . 1 *'s Nat Pwr & Lit 12% 11% 12% 11% North Amcr ... 20% 19% 20 18% Pac C. & E . 20% 19% 19% 19% Peop'es Gas . 33% 37% 39 37% Postal Tel pfd . 24% 24% 24% 24% Pub Serv N J 39% 38% 39% 38% So Cal Edison . 19% 19% 19% 19% Stcl Gas ■ 13% 12% 13% 12% Std Gas Pfd 14% 14% 14% 14% Stone & Webster 10% 9% 10 9% United Corp . . 6% 6% 6% . Un Gas Imp 16% 16% 16% 16'* Ut Pwr & Lit ‘A’ 4 3% 3% 4 Westrn Union . . 56% 55 56 55% Rubbers— Firestone 22% 21% 22% 22% Goodrich 17% 17 17% 17 Goodyear 37% 36% 37% 36% Keliv Soring 3% 3% 2% ?% U S Rubber 23% 22% 23% 23% U S Rubber pfd 61 % 57% 60% 59 Miscellaneous— Am Bank, Note 23 21% 23 21% Am Can ... 105 103% 104% 103% Anchor Cap 24 22 24 22 Brklvn Man Tr 37 35 37 35% Conti Can . 83 82% 83 82% Crown Cork . 33 31% 33 31% Curtis Pub 28% 27% 28% 28 Curtis Pub pfd 79% 79% 79% 79% Eastman Kodak 96% 93% 95% 93% Gillette 12% 12 12% 12% Glidden 27% 27% 27% 26% Inter Rapid Tr 9 s * 9% 9% 9% Owens Bottle 88% 87% 88% 87% Raybestos Mfg 21 20% Foods— Am Sugar SI 1 , 50% 50% 52 Armour "A” 7% 7 7% 7% Beatrice Cremrv 18 15% 18 15% Borden Prod ... 26 24 7 , 26 24% Ca! Packing ... 30% 29 29% 29% Can Dry G Ale • 28 27 s , 28 27% Coca Cola ..122 121 122 120% Cont Bak “A".. 12% 12 12% . Corn Prod .. 76% 77 Crm of Wheat 34 33% 33 s * 33% Cuban Am Sugar 7% 7% 7% 7% Gen Foods 35 34% 35 34% Gold Dust 22% 21 % 22'* 21% G W Sugar 30% 30 30% 30% Hershev . . 59 58% Int Salt . 30% Loose Wiles 42% Natl Biscuit 44% 43% 44% 43% Natl D Prod 17% 16% 17% 16% Purity Bak 17*, 16% 17% 16% S Porto R Sug 33% 32% 33% 32% Spencer Kellog 23 22% Std Brands 22% 21% 22% 21% Un Biscuit ... 8% 27% 28% 27% United Fruit .75 73 75 73 Ward Bak (A).. . 9 Wrigley 63 62*, 63 62% Retail Stores— Asso Drv Goods 17% 16*, 17% 16% Best & Cos 33% 33% 33V4 33% First Natl Stores . ... 67 66 Gimbel Bros ... 5% 5% 5% 5% • - -

THE INDIANAPOLIS TIMES

Gr Un Tea 7% 7% 7% 7% Hahn Dept Sts 7% 7% 7% 7% i Jewel Tea 52 50 52 50 Kresge S S . 21% 20% 21 20% Kroger Groc . . 32% 32% 32% 32% Macy R H 48% 47% 48% 48% Marshall Fields 18% 13% 18% 18% Mav Dept St . At Mont Ward 31% 31 31% 31% Natl Tea 17% 17% Penny J C .... 67'* 67 67 67% Safeway St .. 56% 55% 56% 55 Sears Roebuck . 51 49% 50% 50 Woolworth 54% 54 54'* 54% Aviation— Aviation Corp . 9% 9 9% S', Curtiss Wright 4% 4 4% 4 Curtiss W r ri tA • 11% 10% 11% 10% Douglas Air 25% 23% 23 24 Nor Am Av .. . 6% 6 6% 6% Speerv Corp . 1% 10% 11 19% United Aircraft 25% 22% 25 % 23 Wright Aero .62 60 61 56 Chemicals— Air Reduction 99 98% 98% .98 Allied Chem 151% 151% Am Com Alcohol 50 49% 50 50 Col Carbon 73% 72 73'* 7 Com Solvents .. 29V, 8% 29 28% Dupont . 99 96% 98% 97% Freeport Texas . 45% 45% 45% 45 + Liquid Carb 33 % 32% 33 32% Math Alkali 36% 36 36% 35% Montoson Chem 92% Natl Dis (newi.. 31% 30’t 30% 30% Scheneley Dist . 35% 34% 35% 35% Tex Gulf Sulph 37V< 36% 37% 36% Union Carbide 46 45 45% 45% U S Ind Alcohol 54 52% 54 52 Vir Chem 6% pf 24% 21% 24% 21 Drugs— Coty Inc 7 6% 7 6% Lambert 27% 26% 27V* 27 Lehn & Fink .. 22% 22% 22% 22'/ 4 Un Drug 17% 17V* 17% 17 Zonite Prod TVs 7 7 1 /* 6% Financial— Adams Exp . 10% 9% 10% 9*7 Allegheny Corp 3% 3% 3% 3% Am Int Corp 9% 8% 9% 8% Chesa Corp 48% 47% 48% 43% Lehman Corp .. 74% 73% 74+ 73% Transamerica .. 7% 7 7% 7% Tr Conti Corp . 5% 5% 5V 4 '5% Building— Am Radiator ... 16 15% 15% 15% Gen Asphalt . . 21% 20% 21', 2 20% Int Cement . 30% 29% 30% 29 Johns Manville 57% 56% 57% 56% Libby Owens Gls 37% 37 37 s * .37 + Otis Elev 16 15% 15 15% Ulen Const 3% 33% ... Household— Col Pal Peet ... 18 17% 17% 17% Congoleum 29% 28% 2S** 28% Kel vina tor . . 19% 19% 195* 19 Mohawk Carpet 22% 20 22' ( 20% Proc & Gamble 36% 36 36% 35% Simmons Bed .. 21% 20% 21% 20% Textiles— Amer Woolen .. 15 14% 15 14% Belding Hem ... 15% 14% 14% 14% Celanese Corp .. 37% 36% 37 37 Collins Aikman.. 25% 25 25% 25% Gotham Hose .. 10% 10% 10% 10 Indus Rayon ... 86+ 86% Kayser Julius .. 18% 17% 18% Real Silk 11% 11 u 10% New York Curb (By Abbott. Hoppin & Cos.) . —April 20— ... Close Close Allied Mills 8%: Glen Alden Coal 17% Alum Cos of Am 78%. Gulf Oil of Pa. 67',, Am Cyanide B 21', Hiram Walker . 44 + Am-Fr Pwr Wr.6%iHud Bav Min.. 1% Am Gas &El 79% Humble Oil . . . 45% Am Superpower 3%;imperial Oil Ltd 14% Ass Gas & El 1 lint. Petrol ... .27 Atlas Corp . 14 .Lake Short Min 50% Britsh Celanese 3%'Libby McN Liby 6% Can Inds Ale A 14%iLone Star Gas' 6% Can Marc . 3 Natl Bellas Hess 3% Carrier Corp .. 7%|Newmont Min.. 55% Cities Serv 2%lNta Hud Pwr . 6% Commnwlth Ed 57% Pan Am Arwys. 41% Consl Gs of Bit 59 Vi Park Davis 24% Cord Corp .. 6%'Penn Road o* 4 Creolo Petrol.. 13%i3t Regis Paper. 4% Deere & Cos .. 29%!3herwin Wms . 68% Distillers Lim . 24 Std of Ind 27% Distillers Corp. 21 !Std of Ky 16% Dow Cherr. ... 81 Technicolor Ind 9% El Bond-Share. I7%jrck Hughes Gld 6% Fisk Rubber .. 18%IJn Gas ... . 3% Ford of Can A 24 |Jn Pwr-Lt “A” 4% Ford of Europe B%iVrgt Hrgvs Mn 9% Gen Aviation.. 6 I Investment Trust Shares (By Abbott, Hoppin & Cos.) —April 20— Ask Am Bank Stocks Corp 1.23 1.27 Am & Gen Sec A 5.00 7.00 Am & Inv Tr Sh 1.75 Basic Ind Shares 3.62 3.70 British Type Inv Tr Sh . . .54 60 Collateral Trustee Shares A 5.00 5.12 Corporate Trust Shares < old I 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 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.. .85 .88 Fixed Trust Oil Shares A.. 8.95 .... Fixed Trust Oil Shares B . 7.70 Incorporators Investments ..1912 19.37 Land Bank Bond Shares 1.26 1.33 Low Priced Trust Shares 6.70 6.95 Mass. Inv. Trust Shares.... 19.77 21.49 Nation Wide Securites 3.54 3.60 North Am Trust Shares (5.3) 1.98 2.02 N Am Trust Shares (55-56< . 2.51 2.54 N Am Trust Shares •58 2.60 2.65 Selected American Shares 2.75 Selected American Shares Inc 1.30 1.35 Selected Cumulative Shares 7.12 ! Selected Income Shares 3.80 4.20 td American Trust Shares A 3.12 3.16 Trust Shares of America . 2.98 3.02 Trustee Std Oil A 5.30 5.90 Trustee Std Oil B 5 30 5.60 U S Elec Lt & Pwr A 13.12 13.50 Universal Trust Shares 3.18 3.22 Daily Price Index (By United Press) NEW YORK, April 20. —Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-32 AVERAGE. 100) Today 105.55 Yesterday 105.07 Week Ago 107.52 Year Ago 109.19 Year Ago (April 211 80.51 1934 High (March 12) 110.24 1934 Low (Jan. 3i .■> 101.05 (Copyright, 1934. Dun & Bradstreet, Inc.) Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Domestic Retail Prices Anthracite $ 4.25 Coke, nut size 8.75 Coke, egg size 8.75 Indiana forked lump 5.50 Indiana, egg 5.00 Indiana, mine run 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 5.25 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 $1 a ton for coal carried to | pin. Marriage Licenses Joseph A. Hickes. 39, of Elnora, newspaper salesman, and Emma Goldie Crary, i 34. of 874 Udell street, piano teacher. Thomas R. Black. 39. of 1927 North Meridian street, salesman, and Ruby Sharp, 27, of 2124 North Pennsylvania street. Basil Hobbs. 20, of 437% Massachusetts avenue, theater employe, and Ruth Arleen Brewer, 20. of 460 North Berwick street, Kenneth A. Hayes. 29. of 504 North Senate avenue, car worker, and Marie M. Wimblev, 19. of 604 North Senate avenue. Bob Berry. 25. of 2232 Station street, salesman, and Dorothy Berry. 25, of 1517 North Euclid avenue. Births Boys Roland and Mary Butcher, 2224 Kenwood. Wilbur and Eula Mitchell, 408 North Grant. George and Barbara Walters, 2025 Mabel. Phillias and Dorothy Goin, 2253 Hillside. John and Mamie Glodson, 618 Coffey. Emory and Marie Wallace, 1144 South Belmont. Francesco and Francesca Di Maggio, 4101 English. Girls Calvin and Margaret Toler. 3057 Station. Harrison and Hazel Bayne, 120 East North. James and Ollie Ford. 1438 West Court. Joseph and Mary La Fata, 5014 East Thirteenth. Gavet and Bessie Skaggs, 942 West North. Lifford and Gladys Headspeth, 1527 Martindale. Deaths Anna D. Hamilton, 70. 1648 College, carcinoma. Adolph Mueller. 81, 1243 Madison, valvular insufficiency. Mary A Burget. 64. 134 West Hampton drive, carcinoma. William Henry Catobius, 9. city hospital, fractured skull Harriett Curlin, 70. citv hospital, chronic myocarditis. Bella Cohen, 1, city hospital, lobar pneumonia. Elizabeth Kocsik. 39, St. Vincent's hospital. acute nephritis. Lloyd K. Johnson. 40, Methodist hospital. cirrhosis of liver. James M. Myers. 76, 503 South Alabama.

SWINE VALUES STEADY TOIO CENTS LOWER Cattle. Lambs Scarce and Stationary: Vealers Turn Weak. General decline of 5 cents appeared iri the hog market in early trading at the Union Stockyards yesterday. Underweights remained steady to around 10 cents lower than Thursday’s average. Bulk of 160 to 300 pounds, was salable at $3.95 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 vheld fully steady with Thursday’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 lower. HOGS April- U u l k - * Top. Receipts. 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 19. 4.000 4.05 4.10 6.000 20. 4.00@ 4.05 4.05 8.000 Market lower. (140-160i Good and choice .. $ 3.400 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 .. . 4.000 405 (220-250) Good and choice .. . 4.00® 4.05 —Heavy Weights—-(2so-290) Good and choice . . 3.950 405 (290-350) Good and choice ... 3.75® 3.95 —Packing Sows—(3so down) Good 3 15® 340 (250 up) Good 3.00® 3.25 (All weights) Medium 2.850 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 0 750 Common and medium 4.500 6.50 (1.100-1.500) Good and choice 6.50 0 8 00 Common and medium 4.75 0 6 50 (675-750) — Good and choice 5.25® 825 Common and medium 3.0005.25 (750-900) Good and medium 4.75® 6 00 Common and medium .... 2.75@ 4.75 —Cows— Good 3.50 0 4.00 Common and medium 2.75 0 3go Low cutter and medium ... 1.50® 7.25 —Bulls (yearlings excluded)— Good (beef steers) 3.00® 375 Cutter, common and medium. 1.75 0 3.00 VEALERS Receipts. 700; market, lower. Good and choice $ 6.000 7 00 Medium 4.000 6.00 Cul and common 2.500 4.00 —Calves— Good and choice 3.500 500 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle— Good and choice 4.00® 5.50 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 lb. down) Good and choice $ B.oo® 8.50 (90-110 lb.) Good and choice 7.750 8.25 (500 lbs. down) Com. and med. 7.00 0 8.00 —Ewes— Good and choice 3.50® 400 Common and medium 1.75® 3.50 Other Livestock (By United Press) CHICAGO. April 20. —Hogs Receipts. 20,000, including 8.000 directs; be rer grade 170-280 lbs., 53.9004: top. $4: 290-350 lbs., 53.650 3.90: light lights, $3.500 3.90; pigs. $2.250.3.25; packing sows, 533.25; light lights. 140-160 ll+v good and choice. $2.50 0 3.90; light wei.-Tit. 160-200 lbs., good and choice.' $3.7504; medium weights. 200-250 lbs., good and choice. $3.8504; heavy weights, 250-350 lbs., good and choice, $3.65®4; packing sows. 275-550 lbs., medium and good. $2.900 3.40; slaughter p.gs, 100-130 lbs., good and choice, $2.2503.50. Cattle—Receipts. 2,000; calves. 800; general market very slow: heavy steers and few well-finished yearlings, steady to tveak; 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; practical toD vealers. $6.50: slaughter cattle and vealers. steers. 550-900 lbs., good and choice, $607.75; 900-1,100 lbs., good and choice, S6O 7.75; 1,100-1.300 lbs., good and choice. $6.750 8.15; 1-300-1.500 lbs., good and choice, $6.7508.15: 550-1.300 lbs., common and medium. $4.5006.75; heifers. 550750 lbs., good and choice, $5.2506.50; common and medium. $3.5005.25; cows, good. [email protected]; common and medium, $2.8503.75; low cutter and cutter. S2® 2.85: bulls, yearlings excluded, good beef, $3.350 3.75: cutter, common and medium, $3; vealers, good and choice, ss®7; medium. S4O 5: cull and common. S3O 4: stocker and feeder cattle, steers, 550-1,050 lbs., good and choice, 54.9506; common and medium, $3.50®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., dotrn, good and choice. $9.40(39.65: common and medium. $7.250 9.40; 30-98 lbs., good and choice, $9.25®9.60; ewes. 90-150 lbs., good and choice. $3.750 5.25; all weights, common and medium, $3®4.25. 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., 53.80; 300-350 lbs., 53.55: 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; dow’n. LAFAYETTE* April 20.—Hogs—5 to 10c lower: 200-250 lbs., $3.85; 250-300 lbs., $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.. 51.90®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 tor 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.. 53.5003.75: 130-150 lbs., s3® 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 steers and heifers on killing accounts. $4.7505.75: few handyweights to $6.25; fat cows. $3 [email protected]; low cutters and cutters. $1.7503.25; most sausage bulls. $3113.85: calves, strong to 50 cents higher; bulk good to choice. $607; others. $3.50 0 5.50. Sheep—Receipts. 200: direct and through. 28: early prospects failed to materialize and spring lambs sold sharply lower. sl2 downward to $9: very little else offered on early rounds; few shorn old crop ewes around $2.50. (By Times Special) LOUISVILLE. April 20 —Cattle—Receipts, 100: broad demand for all slaughter classes: market, active, strong with earlier in the week: bulk, common to medium steers and heifers. $4 250 5.25: better finished fed kinds. $5.500 6.25; bulk beef cows. S3O 3.75; good $4: smooth heifer types higher; low cutters and cutters, $1 5002 50: sausage bulls, $3.75 down: bulk better light Hereford Stockers. $4.750 5.25; common to medium grade natives. s3® 4. Calves —Receipts. 450: market, strong with spots on medium and lower grades 50c higher than recent quotations: bulk better vealers. So® 5 50: strictly choice. $6: medium and low'r grades $4 down. Hogs— Receipts. 1.00 C: market. 5c lower: 170-240 lbs . $3.90: 245-270 lbs.. $3 55: 275 lbs. up. $3.20; 145-165 lbs.. *3.20: 120-140 lbs.. *1.95; sows. *1.95. Sheep—Receipts, 100; market. generally steady on all classes and grades: ulk better spring lambs. *lo® 10.50; plainer kinds down to $9 and less: medium to good wooled lambs. S7®B: choice eligible igher; light throwouts mostly *5: Dulk fat wooled ewes. *304; clipped sheep at

Chicago Stocks ““~ By Abbott. Hoppin & Cos. —————

TOTAL SALES. 69.000 SHARES —April 20— High. Low. Last. Acme Steel Cos 42 41% 42 Adams Mfg . . 12% Adams Royalty 2 Advance Aluminum .... 3% Allied Products 17% 17% 17% Am Pub Serv pfd ... 7’* 7% 7% Asso Tel and Tel 6V 16% Automatic Washer . . 2 Berghoff 9 8% 8% Bastian-Blessing 7% 7% 7% Bendix Aviation 19% 19 19’, Binks Mfg 1% Borg-Warner 25% 25’, 25% Butler Bros . 12% 11% 12% Cent 111 Pub Serv pfd 19 17 19 BUILDING CONTRACTS JUMP 30 PER CENT N ___________ State, Municipal Awards Are Responsible for Gain. # B:i 7 imc Special NEW YORK. April 21.—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 week. This week 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 week. In the building group public buildings are about the same as last week, $1,953,000; industrial buildings at $1,690,00, slightly below, and commercial buildings, at $2,000,000, well over last week's low of $300,000. One of the larger lettings was to the Lawrenceburg Distillery at Lawreneeburg, Ind. Produce Markets Delivered In Indianapolis Price*—Hens, 11c. 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 Press! 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'iC. Butter —Market, firm; receipts, 10.354 tubs; extra firsts (90-91 Vi score). 21%®22c; seconds (86-87% score), 20%c; extras i92 score). 22’,c; specials, 22%@23'/ 4 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; Legnorns, 14%c. Cheese — Twins, 11%®12c: Longhorns, 12*/ 4 @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 cars. $1.55; 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, 51.05; Nebraska THumphs, 1 car. $1.20; 1 car, 51.25. 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.—Potatoes — Steady: Long Island, $1.50 0.3.25 barrel; southern, $205.75 barrel; Maine, sl.lo® 3.50 barrel; Idaho. $2.10 0 2.20 sack; Bermuda. $4®4.50 barrel. Canada, $1.90® 2 barrel. Sweet potatoes—Dull; Jersey basket, 50c® $1.75; Southern basket, 50c®51.60. Flour—Lower; springs; patents. $6.0506.30 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, B®2Bc; broilers, 10®28c; capons. 20®32c; fowls, 15®19c; Long Island ducks, 15016 c. Live poultry—Easy: geese, 6@7c: turkeys, 140 20c; roosters, 9c; ducks, 8012 c; fowls. 160/ 18c; chickens, 100 12c; capons, 22c; broilers. 120 24c. Cheese —Quiet; state whole milk, fancy to specials. 18019 c; 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% 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. fancy 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. $1.7501.85; Michigan. $1.85. 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 Sparks, vicepresident. | The company has more unfilled orders on its books than since the fall of 1928 and production schedules have been arranged to meet this demand, Mr. Sparks said. The company is employing more workers than at any time during the last four years. 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. Fire Reports Thursday. 6:57 a m . Edge wood, residence, considerable loss. 8:50 a. m„ 2181 North Harding, residence, small loss. 10:03 a. m., 324 West Morris, factory, no loss. 10:34 a. m.. 2045 North Dearborn, residence. small loss. 12:36 p. m.. 4000 West Washington, auto truck, small loss. 12:44 p. m.. 425 Toledo, residence, nominal loss. 2:21 p. m., 6128 Broadway, residence, small loss. 3:36 p. m„ 1224 West Twentieth, residence. small loss. 3:36 p. m.. 1224 West Twentieth, residence. small loss 3:57 p. m., Manker and Sumner, grass fire. 4:12 p. m.. 5030 Washington boulevard, rubbish fire. 5:27 p. m . 366 West Twelfth, residence, small loss. 6:21 p. m.. 1421 South Meridian, residence. small loss. 6:22 p. m.. 3922 Broadway, residence, small loss. 6:35 p. m.. 3008 West Michigan, apartment. small loss. 7:25 p. m.. 2509 East Tenth, residence, small loss. 9:54 p. m., 733 North Holmes, residence, small loss. ' \ 4 JP.23_p._m„ Sixtytfourth and Ferguson.

Cent Pub Serv Class A % Cent Pub Util ... . % Cent A- So West PL p 12% 13 12% Cent States Pwr * L p 5% Cherry Burrell Corp 10 Chi & Nirth Westers . 13% 13% 13% Chi City & Con Rvs . % Chicago Corp com .. 2% 2% 2% Chicago Corp pfd . 27% 27 27%. Chicago Towel pfd ...... 75% Cities Service 2% 2% 2% Commonwealth Edison 57% 56% 57% Cord Corp 7 6% 6% ■ Crane Cos 9% 9% 9% i Crane Cos pfd 58% Chicago Ribbon —. 13% 12% 13% 'Dayton Rubber .... 9 8% 8% | DeMets, Inc . Pfnce ... 13 12% 13 (Electric Household 12% 12% 12 + 1 Fitzsimmons <fc Connell 16% 16% 16% Gen Household Ut 15% 15% 15% I General Candv Corp . 6% 6% 6% | Godchaux "B" .8+ 8 8% Goldblatt Bros 19% 19 19% 1 Great Lakes Dredge . 21% 20% 21% I Hall Printing .8% 8 ,3% Houdaille-Hershev “A" 20% 20% 2( % ; Houdaille-Hershey ’B” .. 5% 111 Northern Util ... 61% 1 Ind Pneu Tool 25% I Iron Fireman . . 14% 13% 14% I Kalamazoo Stove ... 28 25 26 ! Katz Drug 37% Keystone Steel 19’* 19% 19% Libby%McNeil 6% 6% 6% > Lincoln Printing ... 1 % % Lion Oil Refining Cos. .. 4% , Loudon Packing . . 19 I Lynch Corp ... 33% ! Marshall Field 18% ! McCord Rad A 18 15 15% ! McGraw Electric 9% 9% 9% McWilliams Dredging Cos 21+ 20% 21% 1 Mickelberrv's Food Prod 1% I Middle West Utilities ... % ! Middle W Util 6% pfd A 1% I Midland United % Modine .15% 14% 15% ! Monroe Chemical pfd . .. 37% Mosser Leather . . 14 I Muskegon Motor Spec A . . ... 10% | National Leather .. .. .. 1% National Secur Invest .. . 1% National-Standard . . 26% 26 26% Noblitt-Snarks Ind Inc 15 14% 51 North American Car .. - .. 54 North Am Li & Pow. . 3% 33% Penn Gas & Elec 14% 14 14% Potter Cos 7 6% 7 Public Service . 18% Public Service N P . 19% 19 19% Public Service 6% pfd . .. .. 57% Quaker Oats ... 109% Quaker Oats pfd .. 122 Raytheon VTC 4 3 4 Reliance Mfe Cos 19% 18% 19% Sangamo Elec com .. 6% Southern Union Gas 1% 1% 1% Stand Dredging Cos pfd 3% 3% 3% Swift & Cos 18% 17 s * 18% Swift Interacional 32% 30% 32% Telephone Bd & Sh pfd 16% Thompson. JR 8% 7% 8 Twelfth St Store (Ai 5V* Utah Radio 1% Utility & Ind pfd 4% Vortex Cup Cos 11 Walgren Cos. com 27% 27% 27% Wayne Pump, pfd 5 4% 5 Zenith Radio 4% 4 4% FIRST QUARTER INCOME CLIMBS 20 PER CENT Shawinigan Water Company Profits Amount to $716,016. The Shawinigan Water and Power Company reports for the first quarter of this year, after all expenses and fixed charges but before depreciation and income tax. surplus of $716,016, compared with $592,945 for the corresponding period last year, an increase of 20 per cent. Gross revenue for the quarter amounted to $2,916,779 compared with $2,851,203, the latter figure being adjusted from the 1933 published figures to show a deduction of $150,000 if presenting charge on capital cost of work under construction, previously included in gross revenue. The fixed charges In the 1934 first I quarter figure, reflecting the change made in the accounting method at the end of last year, show a deduction cf $75,000 for interest on capital cost of work under construction at the rate of $300,000 a year. Net operating revenue for the first quarter totaled $1,675,313 compared with $1,471,047 for the corresponding period last year. Directors of the company declared the usual quarterly dividend of 12 cents per share on the common stock, payable May 15, of record April 25. 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 $2,466,003.19 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. CITIES SERVICE NET EARNINGS DECREASE Drop of 2 Per Cent Shown From Previous Year’s Report By Times Special NEW YORK. April 20.—Consolidated net earnings of Cities Service Company in 1933 amounted to $59,784,932, it is revealed in the annual report just released. However, the earnings were 2 per cent less than those of 1933, but were more than double the total requirements for interest on all public indebtedness of the company and its subsidiaries. The company’s excess of current assets over current liabilities increased from $4,487,491 in 1932 to $21,147,101. Notes payable were reduced by $11,471,962 and long term funded debts by $2,694,253, making the total debt reduction during the year $14,6,215, A total of $7,500,000 was spent for construction and acquisition of new property in 1933. Compliance with the President’s employment agreement caused addition of 3,000 new employes during the year. INSURANCE SALES RISE March Business of Lincoln National Life Company Sharply Higher, Evidence that the life insurance business will be among the first of the Ration’s major industries to return to the predepression level is seen by Burkhart & Moore, Indianapolis, representative of the Lincoln National Life Insurance Company, in the first quarter report of his company which has just been released. New business produced by Lincoln National field men in the first three | months of 1934 was approximately! equal to the same period of 1929. according to the announcement. March business was 95 per cent above that of March, 1933, and the entire quarter was 56 per cent above the first quarter of 1933. Short Selling Decreases. By Times Special NEW YORK, April 21.—Short position on the New York Curb Exchange at the close of business March 29 totaled 30,332 shares, a deIM lf * mKt 9t'

.APRIL 21,1934

MAJOR GRAINS CLOSE HIGHER , AFTER RALLY Corn and Oats Again Resist Pressure as Prices Strengthen. BY HARMAN IV. NICHOLS. I nited Press Staff Correspondent CHICAGO. April 21.—Although the bulk of the business in wheat held around Thursday's finish, a firmer undertone was in evidence on the Chicago Board of Trade yesterday. Wheat closed % cent higher, corn was 1 to 1% cents higher, and coats were •% to 1 cent higher. | Wheat rallied from early lows toward the noon hour. On certain advances support was lacking while on the downturn there often was pressure. This accounted for the erratic price movements. Dry weather continued in the American northwest and a bullish construction was placed on the Modern Miller's weekly summary which indicated a lack of sub-soil v reserve and also a need of surface ’ moisture. Some dust storms were reported in parts of the Canadian northwest. The winter wheat belt of the southwest continued dry. New r low tevels for the season were established for wheat futures in Liverpool in English currency, but the market there was unchanged to cent higher in American, an upturn in silver being largely responsible for this condition. When Liverpool wheat closed today the May option on the English market was but 11 cents under the same future in Chicago, compared with 18 cents on Monday. Corn and oats again showed relaj tive independence and resisted pres- | sure throughout the day. Commis- | sion and cash houses were fair buy- : ers of corn. Rye broke sharply eariy, but later rallied. Chicago Futures Range ißy United Press) —April 20— | Wheat— Prez. Open. High. Low Close close. I Mav .. .74% .76% .74% .75*, .74% July . .74% .76% .74% .75% .75 Sept. . .75% .77% .75%. .77 .7(B'i* Corn—- | MaV .. .43% .44% .43% .44% .43% j Julv . .46 .47 .45% .46% .45% [sept. .48% .49% .48 .48% .47’, ! Oats— Mav . .27 .27% .26% .27% ,26% I Julv .. .27% .28% .27% 28% .27% Sept... .23% .29% ' .28% .29% .28% i Rve— Mav . .49% .52% .49% .52% .51% July .51*, .53% .51*, .53% .52% Sept. .53 .55% .53 .55% .55 i Barter— S Mav .36% .36% .36 .36% .18 S Julv . .38 .38% .38 .38% .37% Sept. . .39% .39% .39% .39% .39 Lard (old) — May 5 40 5 30 Bellies (new) Mav . 7.70 7.70 7.70 7.70 7 72 Julv.. 7.95 7 97 Sept.. 8.25 8.25 8.20 8 20 8 25 Lard (new)— May . 5.87 6.02 587 597 537 Julv . 6.00 6.07 5.97 6.05 595 Sept . 6.15 6.27 6.15 6.25 6.15

Cash Grain

INDIANAPOLIS —April 20— The bids for car lots of jrrain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were: Wheat—Steady: No. 1 red. 664/67c; No. 2 red. 650 66c; No. 2 hard. 650 66c. Corn—Strong: No. 3 white, 43 4*c No. 4 white. 420,43 c; No. 3 yello v, 4Lg *2c; No. 4 yellow. 40®,41c; No. 3 mixed. 40® 41c; No. 4 mixed; 394/40c. Oats —Strong: No. 2 white. 26®27c; No. 3 white, 25®26c. —lnspections Wheat —No. 2 red, 2 cars: No. 2 mixed, 1 car. Total. 3 cars. Corn—No. 2 white, 2 cars: No. 3 white, 2 cars; No. 2 yellow, 5 cars; No. 3 yellow. 5 cars; No. 4 yellow, 1 car. Total, 15 cars. Oats—No. 2 white. 2 cars; No. 3 white. 5 cars; sample wiille, 2 cars. Totai, 9 cars. Loral Wagon Wheat N City grain elevators are paying 64 rents for No. 2 soft red wneat. utner graoea on their merits. (By United Press) CHICAGO. April 20.—Cash grain Wheat —No. 2 hard. 75%c. Corn—Nn. 2 yellow. 45%®46c. No. 3 yellow, 46c: No. 2 white, 50c: No. 3 white. 47%c: No. 4 white. 47%r. Oats—No. 2 white, 29%c; No. 3 while, 29%c; lake billing, 28%c; No. 4 white. 28%c. Rye—No sales Bariev—6so 78c; quotable. 40® 80c Timothy—s6.2s® 6.50. Clover seed—slloll.2s Cash provisions —Lard, $5.95; loose, $5.87; leaf. $5.87, S. bellies, $7.87. TOLEDO. April 20.—Grain close; Grain in elevators, transit billing: Wheat—No. 2 red, 790,80 c Corn —No. 2 yellow. 500 51c. Oats—No. 2 white, 34®35c. Rve— No. 2,58059 c. Track prices, 28%c rate; Wheat—No. 1 red. 75®75%c; No. 2 red. 74®74%c. Corn—No. 2 yelow. 45%0 46+c; No. 3 yellow, 44%®45%c; No. 4 yellow, 43%®44%c. Oats—No 2 white. 30 + 0 32%e; No. 3 white. 300 32c. Toledo seed close: Clover—Cash, $3.25. Alsike—Cash, $8.50. ST. LOUIS. April 20.—Cash Grain: Wheat—ln good demand % to % cent lower; on red and % to 1 cent higher on hard wheat: No. 2 red. 74%®75c: No 3 red. 74®74%c: No. 1 red garlicky. 76 r: No. 2 hard. 75®75%c nominal. Corn—ln slow demand: no offering of country run of corn: market 1 to 1% cents higher: i 2 mixed, 45%c: No. 2 yellow. 46%c. Oa’s— In slow demand; sample mixed. 25%c. CHICAGO PRIMARY RECEIPT® —April 20 — —Bushel— Today. Last week. Wheat 347.000 298000 Corn 220,000 284 000 Oats 78,000 150,000 Court Reverses Decision. By Times 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 and the Laclede Power and Lighk Company of St. Louis. '

3% Paid on Savings Security Trust Cos. 11l North Pennsylvania Street

The Strong Old Bank of Indiana The Indiana National Bank of Indianapolis

SHADES CLEANED BY HAND NEW Pulls—Hem* and Refill*. PROGRESS LAUNDRY Tha Soft Water Lanndry. L 137