Indianapolis Times, Volume 45, Number 298, Indianapolis, Marion County, 24 April 1934 — Page 13

APRIL 24,1934

PORKERS DIP 10 TOl5 CENTS ON HEAVY RECEIPTS Cattle Market Unchanged: Veals. Lambs Scarce and Even. Heavy receipts at the local stock yards this morning forced porker prices around 10 to 15 cents lower than yesterday's average. Initial sales on underweights were steady to 10 cents off. General bulk. 160 to 325 pounds, w as selling at $3 75 to $3.85. Several good to choice classes were salable tip to $3 DO. Light kinds, weighing Trom 130 to 160 pounds, brought $3 10 to $3 60. Extremely light slaughter nigs, scaling 100 to 130 pounds, sold at $2.25 to $3. Receipts were estimated at 9.000; holdovers, 129. Early sales in the cattle market were fairly active and steady at the previous figures. A single load of weighty steers sold at $7 75, while other grades brought $6.50 down. Receipts numbered 1.500. With only slight, action displayed In the veal market, practically all prices were selling at $6.50 down. Receipts were 900. lamb values continued stationary, considering quality on hand, with nothing early to test top prices. Mostly all kinds were scarce. Receipts were 200. Initial asking on hogs at Chicago was slightly stronger than yesterdays average, with indications lower. No early bids were evident. Receipts were estimated at 28 000. including 13000 directs; holdovprs, 2.000. Cattle receipts were 7.500; calves, 3.500; market, unchanged. Fnrrp receipts were 9,000; market, strong.

HOGS April. Bulk. Top Receipts. IS. *3 95 $4 00 7,000 io. 4 no <•! 4os 4io fi.oon 20. 4 004 OS 4 ns 8 000 21. 4 054, 4 10 4 10 2.000 23 3 004, 4 00 4 05 8 000 24 3.754, 3 85 3.00 9.000 Market, lower. 1140-1601 Good and choice $ 3.354* 3 60 Light Weights—-il6o-!B0i Good and choice 3.80 1180-200) Good and choice 3 80 Medium Weighfs <2OO-2201 Good and choice 3.854, 3.90 (200-250) Good and choice 4 10 —Heavy Weights—-,2so-290, Good and choice . 4 0542 410 ,290-3501 Good and choice . 3 654, 3.85 Packing Sows—t.73o down) Good 3 004, 3 25 ,250 lbi Good 2.854, 3.15 'AH weights. Medium . 2.754 c 3.00 Slaughter Pigs—-,loo-130, Good and choice . 2 254 c 3.00 CATTLE Receipts. 1,500; market, steady. (1.050-1,1001 Good and rhoice $ 6.5042 7.75 Common and medium 4 504 c 6 50 (1 100-1.500, Good and choice 6 5042 8.00 Common and medium 4 754 c 6.50 (675.750, Good and choice 5 2542 6 50 Common and medium 3 OOfft 5.25 (7.60-900, - Good and medium 4.7 547 6.00 Common and medium 2 754, 4.75 —Cows— Good 3 50 42 4 .60 Common and medium 2.754, 3.50 Low cutter and medium 1.754 c 2 75 —Bulls 'yearlings excluded. Good (beef steers, 3.0042 3 75 Cutter, common and medium . 1.754 c 3.00 VEALERS Receipts. 9,H1; market, steadv. Good and rhoice $ 6.004? 6.50 Medium 4 004, 6.00 Cull and common ... 2 504, 4.00 —Calves— Good and rhoice 3.634? 5.00 Common and medium 2 004,. 3 50 Feeder and Stocker Cattle— Good and rhoice 4 254? 5.75 Common and medium 3.oofti 4 25 1800-1.500, Good and ehoire .. . 4 254? 5.75 Common and medium 3.004 c ♦ 25 SHEEP AND LAMBS Receipts. 700: market, steadv; shorn basis. ,90lh down. Good and Their* $ 8 004) 8 50 <9O-110 lb , Good and choice 7.754, 8.25 , 500 lbs. downi Com. and med. 7 004, 800 —Ewes— Good and rhoice . 3 004, 400 Common and medium 1.754,. 3 00 Other Livestock ,Bv United Pressi FT WAYNE. April 24 Hogs—Steadv to 15c lower: 250-300 lbs.. $3.80: 200-250 lbs.. S3 75; 180-200 lbs.. $3 70: 160-180 lbs,. 83.70. 300-350 lbs . $3.45: 150-160 lbs . $3 35; 140-150 lhs $3 10: 130-140 lbs . $2 85: 120130 lbs . $2 35: 100-120 lbs $2: roughs. $2.75; stags, $1.50. Calves. $6; lambs. $9.50 down. LAFAYETTE. April 24 —Hcgs— Market. 5 lo 15c lower; ■’so-300 lbs.. $3.70; 300-325 lhs . $3.45: 200-250 lbs . $3.65; 170-200 lbs.. *3.55; 160-170 lbs.. $3.50: 150-160 lbs.. S3 35: 140-150 lbs . $3.10; 130-140 lbs . $2.85: 100-130 lbs.. $1 854, 2 60: roughs. $3 down. Calves, $5.50 Lambs. SB. ■Bv Times Special! LOUISVILLE. April 24.—Cattle— Receipts. 175; supplv light: quality generally plain: demand fairlv broad: market fullv Meadv; bulk common to medium steers rnd heifers. $4,254,5 50: better finished kinds to $6 25 and above: bulk beef cows. *3.254/4: good smooth heifers types to around $4 50. low cutters and cutter cows mostly *1 504,2.75: sausage hulls quotable. $4 down: bulk better light Hereford Stockers. *4.754, 5.25: common to medium grade natives mostly $3,4. Calves. 300: vealers weak: belter grades mosUv $54, 5 50; practically nothing eligihle above medium and lower grade . $4 down. Hog.—Receipts. 1.300: market, l.ie loner: 170-240 lbs., $3.75: 245-270 lbs St 40: 275 lbs. up. $3.05; 145165 lbs.. $3 05, 120-140 lbs.. SI 80; sows. $1 80 Sheep - Receipts. 75 mostly steadv: bulk better spring lambs. $lO4, i0.50; rhoice lightweights eligible around *11: medium to good wooled lambs $74,8. common light wocled throwouts. $5: bulk fat wooled ewes. $34,4 clipped rues subject to around $1 per hundred weight discount. CREDIT FIRM REPORTS LARGE QUARTER INCOME Net Profit in Throe Months Totals 51.08.7.98.V63 After Charges. I!ii Times s penal BALTIMORE. April 24. Commercial Credit Company consolidated net income for the quarter ended March 31. was $1,085,985.63 after all charges and reserves for federal taxes. After provision for dividend requirements on all issues of preferred socks, class A convertible stock and reserve for minority interests, there remained $720,821.89 or 76 cents per share applicable to the common stock, which was at the annual rate of $3.02 per share, March alone being at the annual rate of $3.39 per share. This compares with consolidated net income of $2,200,745.66 for the six months and $3,107,150.54 for the nine months ended March 31, respectively. After providing for dividend requirements on all issues of preferred stocks, class A convertible stock and reserve for minority interests, there remained $1,469,124.70 or $1.54 per share applicable to the common stock for the six months. and\s2.020.100 38 or $2.12 per share for'the nine months ended March 31. or at the annual rate of $3.07 per share and $2 82 p' share, respectively. Fire Reports Monday 7 26 *. m.. 861 North Drexel. residence, no loss. 9 00 *. m . 1504 Mills, residence. $1 500. 9 00 a. m.. 1511 Edward, residence *SO. 9:43 a. m . 4921 and 4923 Broadway. *SOO. 944 a m.. 337 North Illinois.' hotel, small lo.s*. 10 28 a. m . 428 South Hamilton, shed. small. 11 30 • m, 327 South Pine, residence, small. 11 5* a. m . 1504 Mills, residence, small 1 16 p. m . 130 North Dickson (rear,. crass fir* 4:23 p. m.. 611 Teeumseh. shed, small. 5:57 p. m . Forty-sixth and Illinois, grass. 7 41 a. m . West Washington and Belt railroad*, dump Are. 7 49 p. m . South Meridian and Belt, dump. 8 58 p. m. Senate end South, grass.

Factory Employment In March Rises 4 Per Cent Pay Rolls Reach New High Since August. 1931: Fertilizer, Canning Industries Show Largest Improvement. fly Timrf Sftrrial WASHINGTON. D. C.. April 24 —Factory employment increased 4 per cent over the month interval during March and pay rolls were boosted 6.9 per cent, according to a survey made by the United Press department of labor. Factory employment in March, 1934. at 80 8 per cent, reached the highest point recorded since December, 1930, and pay rolls at 64.8 per cent wore the highest since August, 1931, the report revealed.

LAKE COUNTY ISSUES POOR RELIEF NOTES

Industrial Center to Help Various Townships. Lake county. Indiana, leading industrial county in the United States, on the basis of per capita value of manufactured products, is represented in the municipal market today with an offering of $400,000 Lake county 4 per cent relief notes by John Nuveen & Cos. The notes mature $200,000 on May 15, 1935. and $200,000 Nov. 15. 1935, with the first maturity priced to yield 2.5 per cent and the other to yield 3 per cent. Center of many leading industries, the county is among the first to reflect improved conditions in business. Representative of the highest type of taxpaying responsibility, industries in the county include the United States Steel Corporation, Standard Oil Company of Indiana, Inland Steel, Youngstown Sheet and Tube and Sinclair, Shell and Cities Service. Tax collections, which always have Jjeen excellent, were 82.6 per cent in 1932 and 86.2 per cent in 1933. Estimated value of taxable property in the county, according to the financial statements as officially reported. is $707,066,740. while the assessed valuation for 1933 is $353.533.370 and bonded debt is $3,744,600. The notes are issued by the county to make loans to various townships in the county for poor relief purposes. All of the property in the various townships is subject to a general ad valorem tax, sufficient to pay principal and interest, levied and collected by county officials. Produce Markets Delivered in Indianapolis Prices— Hens. 11c, Leghorn hens. Bc. Leghorn spring-er-staes. 6c; large springer-stags 9c: cocks 5 lbs. and over 6c: under 5 lbs.. 4c, ducks, full feathered and fat. 4% lbs. and over 7c: geese. sc; young guineas. 1% to 3 lbs.. 30c: old guineas. 20c. No. 1 strictly fresh country run eggs, loss off 13c each full case must weigh 5 lbs. gross; a deduction of 10c a opund for each pound under 55 lbs. will be made. Butter—No. 1, 250/ 26c. No. 2 23<a24c: butterfat. 21c.— Quoted bv Wadlev. (By United Press) CHICAGO. April 24.—Eggs—Market, weak: receipts. 40.948 cases; extra first. 16'c; fresh graded firsts. 15%c; current receipts. 14'bo: dirties, 13',c; checks. 13c. Butter—Market, firm: receipts. 11,549 tubs; extra firsts. 90-91% score. 22 1 2 ff/22 %c: firsts. 88-89'2 score. 22ft/ 22' he: seconds. 86-87'/ score. 21 %c; extras. 92 score. 23c; specials. 23%ff/24c: standards. 23c. Potatoes told stock. Supply moderate: demand and trading moderate: market, stronger on Russets, about steady on others: Idaho Russets 1 car. 50c: 4 cars. 51.55; 6 cars. $1.57%; 3 cars, $1.50: 2 cars. *1.62'2: special brand 1 car. $1.67%: 1 car. $1.70: U. S. No. 2 1 car. $1.25; Washington Russets combination grade 2 cars. $1.40 1 car. *1.45: Colorado McClures 1 car. $1.40; l_car. $1.45; Wisconsin Round Whites 3 cars, $1 20; Wisconsin Triumphs 3 cars. $1.20: Minnesota Early Ohios 1 car. $1.15; Minnesota Cobbl * s partlygraded 1 ear. $1; 1 car. sl.lO. New stock —Supply moderate; demand and trading moderate: market, steadv: sales to jobbers 100-lb. sack Bliss Triumnhs. S2.9oft, 3. Shipments. .537: arrivals. 105; on track. 359. Poultry—Market, steady; receipts, 35 trucks; heavy hens. 15c: old roosters. 8c: springers. 24c; geese, 8c: broilers, 22c: capons. 22c: turkeys, 20c: fryers, 24c: Leghorns, 14%c: ducks, heavy. 13c. Cheese Twins. 11' 2 ft, ll%c: Longhorns, 12ft/ 12%c: Daisies, 12ft/12%c. NEW YORK. April 24—Potatoes—Easier; Long Island. Sl.9oft; 3 25 barrel: southern. $3104/5.25 barrel: Maine. $1 104)3.40 barrel: Idaho. $1,854/2.10 sack; Bermuda, $5,504,6 barrel: Canada. $1 804)2 barrel. Sweet potatoes—Dull: Jersey basket 50c 4/$1.75: southern basket. [email protected]. Flour —Firm: springs: patents. $6,154, 6.45 barrel. Pork—Quiet: mess, $20.25 barrel Lard—Easier: middle west spot. $4,404/ 4.50 per 100 pounds. Dressed poultry—Firm, turkeys. 10ff/25%c chickens. 104, 28c: broilers, 124,24 c: canons, 224,23 c: fowls, 184) 21c: capons. 224/33c: fowls. 184/21c: Long Island ducks. 15%ff/' 16c. Live poultry— Fairly active; geese. 64,7 c: turkeys, 104, 20c: roosters. 8c: ducks. 84,12 c: fowls. 164, 18c: chickens. 94, lie: capons. 22c; broilers, 124,24 c. Cheese—Dull: state whole milk, fanev to specials. 184,19 c; Young America. 12%@ 13c.

On Commission Row —April 24 —Fruits— Apples New York Baldwins, fanev. $1.65 up: fanev Staymans. $2.25; fancy Winesaps. $2.50. Oranges—California Sunkist. $3.25fft4.25; Floridas. $3.75i4. Lemons—Sunkist. $5.50. Grapefruit—Arizona seedless. 645-70s. $3 @3 50. Florida. $3.50@4 Strawberries Louisiana. 24-pt. crate. $2 75 Alabama, 24-qt crate. 54.50. Melons—Argentina Honevd-ws, $2.25. Pears—Calavos. $3.50 per box. Bananas—Per pound. 5 cents. —Vegetables— Cabbage New Texas. $135 per halfcrate. Florida red. $3 per hamper. Celerv Florida. $3 a crate: mammoth bunch. 85c: medium bunch, 45c: hearts, dozen bunch. 51.35. Onions $1 25: red. $1.15: Idaho. Spanish, $1.35. Potaiees—Northern round white. 100-lb. bag. $1 85: Red Rner Ohios. $1.90: Maine Green Mountain. $2 25: Colorado McClures. $2.10: Idaho Russets. S2: Wvoming Triumphs. 50-lb. bag. *1; New Texas Triumphs. $1.75. Sweet Potatoes—lndiana Jerseys, per bushel. $2 Porto Rieans. $1 90. Asparagus—California select, crate. s3@ 3.75. Beans—Round, stringless. $3; lima. $4.50. 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 !.ettuce—Hot boils”. 15-lb. basket. $1.50; Iceberg host. $4 50), 4.75 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. 75c per bushel. Tomatoes Repacked. 10-lb. carton. $1 50 selected, cellophane wrapped. $1.75: original Mexican. 30-lb. lug. $3 50. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO. April 24 Fruits and vegetables: Apples—Michigan Baldwins. $1.50 '■i 1.60 bushel. Carrots —Illinois. 40 •) 65c bushel. Spinach—Texas. 50c SI bushel; Illinois, bushel. 50<u 85c Beans —Southern, green. $1.50ff)3: wax. $1.50m2. Cucumbers —Central wester” hothouse $1 75ft, 2.2 b two dozen to box'. Tomatoes— Florida. $2 25z 3 25. lug box. Sweet potatoes—Tennessee. $1 ss@l 70 bushel. Mushrooms—lllinois. 29ft/37%c. lb. cartons. Asparagus—California. $2 75.(3 50. dozen bunches: Illinois crates. 81.254/2. Leaf lettuce—lllinois hothouse. 70ft/75c. 10 lbs Onion market • 50!h sacks'' Western Valencias street sales. $1 ft) 1.40: Michigan vellow-s. 85c. Texas yellows. 65c51.05: Texas whites. $1.251/1.40, In the Air Weather conditions at 9 a. m.: Northwest wind. 20 miles an hour; temperature. 43: barometric pressure. 30.08 at sea level; general conditions. high, thin, scattered clouds: ceiling unlimited: visibility. 33 miles. Steel Directors to Meet By Times Special NEW YORK. April 24 —Directors of the United States Steel Corporation will meet here this afternoon to take action on the preferred stock dividend payment which in the last several quarters has amounted to 30 cents a share.

i A comparison of factory employment in March, 1934, with that of the same period last year, when business activity was at an exceptionally low level, shows that employment this year is 37.4 per cent, above the level cf the previous year. A similiar comparison with pay rolls reveals an increase of 74.7 per cent in the amount paid out in weekly factory wages. Pay roll reports received in March from establishments in ninety of the principal manufacturing industries showed 3,445,732 employes with combined weekly pay rolls of $67,367,611 I during the pay period ending around March 15. The employment reports received i from these co-operating establish- ! ments cover more than 50 per cent of the total wage earners in all manufacturing industries of the country. Each of the fourteen groups into which the ninety manufacturing industries are classified showed increases in employment and pay rolls over the month interval, with the largest gains of 103 per cent in employment and 17.4 per cent in pay rolls, appearing in the transporta- | tion group. The iron and steel divisions displayed gains in employment and pay rolls of 5.1 per cent and 12.3 per cent, respectively, while the machinery metal groups reported increases of 5.3 per cent and 5.9 per cent. The largest percentage gains in employment over the interval month was shown in fertilizer and the canning industries in which increases of 32.1 per cent and 24.8 per cent, respectively, were reported. The locomotive industry revealed an increase of 16.6 per cent in employment and the automobile divi- : sion showed a gain of 11.3 per cent, i In twenty-nine industries the increase of employment over the year j interval were in excess of 50 per | cent. The machine tool, automobile, I radio and iron and steel forgings industries reported increases in employment of 100 per cent or more comparing March 1934 with the same period last year. Only eleven of the ninety industries surveyed failed to show employment inj creases over the month interval.

ADVERTISING VOLUME GAINS DURING MARCH Seventy-Seven Cities Report Gain of 30 Per Cent in Month. P>tl Times Special CHICAGO, April 24.—Advertising volume in Marcn surpassed the record of gains which have been recorded during the last nine months. Advertising Age reports. Newspaper advertising in seventy-seven cities totaled 144,451,000 lines, a gain of 30 per cent over the corresponding month of 1933. Automotive advertising continued to lead the way with an increase of 141.7 per cent. The total for March was 8,261.796 lines, while a year ago it was 3.418,0,00 lines. Other general advertising gained 37.7 per cent, rising to 27.480,000 lines. Store sales increases were reflected in a jump of 21,268.000 lines in retail advertising to 84,717,000, a gain of 33.5 per cent. Financial advertising, which has been showing losses, joined the procession of increases with a gain of 5.6 per cent, going to 3.006,000 lines, and classified, another division which has been showing minus signs, emerged with a gain of 8.5 per cent for March. The total was 20.367.000 lines, against 18,867,000 lines for last year. Magazine advertising also is sharing in the increases. March figures for eighty-four publications were up 34 per cent, totaling 1.449,000 lines, as compared with 1,083,000 a year ago.

INSURANCE COMPANY’S BUSINESS IMPROVES Provident Mutual Reports Demand for Cash and Loan Values. Bii Times Special CHICAGO. April 24.—The first quarter of 1934 continued to show a decided improvement, not only in new business but in the demand for cash and loan values, declared M. A. Linton, president of the Provident Mutual Life Insurance Company, cf Philadelphia, in a report on the company's condition today. The net cash demand for policy loans and surrender values is the lowest first quarter figure for any year since 1929. with only $2,606,000 paid out. This figure represents a decline of 38 per cent from the average of the corresponding quarters for the four years, 1930 to 1933, inclusive. Paid insurance for the first quarter amounted to $19,147,000, a gain of 10 per cent over the corresponding figures for 1933. This gain was accomplished at the same time that the sale of new annuities was increasing by 220 per cent over the first quarter of 1933. Special Meeting Called Bu Times Special NEW YORK. April 24.—The Irving Trust Company, receiver for the McLellan Stores Company, has called a special meeting for April 26, at which time an amended offer of Mac Stores. Inc., a Delaware corporation. for the purchase of the assets of the McLellan concern, will be considered. Lumber Production Gains Lumber production in the United States during the week ended April 14. with exception of two weeks in March, was the heaviest since last August, according to the National Lumber Manufacturers’ Association. Output is 56 per cent above the similar 1933 week, and shipments are up 18 per cent. Sugar Distribution Increases B v Times Special CHICAGO. April 24.—Prelminary calculations by Lamborn & Cos. show distribution of sugar in the United States in the first quarter amounted to 1.349.835 long tons, raw sugar value, an increase of approximately 5.9 per cent over the corresponding 1933 period.

THE INDIANAPOLIS TIMES

GRAINS DISPLAY LITTLE CHANGE; PRICES^UNEVEN Unsettled Weather Reports Ignored as Market Influence. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, April 24—There was little in the run of routine news to attract attention and grains opened steady Ho a shade lower on the Board of Trade. Wheat and com were unchanged to M cent lower, oats were unchanged to 1-7 cent lower, and rye was unchanged to % cent off. Stocks held to the trend of the last few days and opened irregular in a narrow trading range. Cotton deliveries were steady to a few points lower. Weather conditions were unsettled but this item was ignored as a market influence. Chicago Futures Range f —April 24 Wheat— Prev. Hieh. Low. 10:00. close. May .76% .76’* .76*2 .76'2 July 76-’ .76 ,76" ,76'4 Sept 77 7 ,775s .77% * ,77*. Corn— May 45'i .44% .45 .45 >4 July 47% .475a .4754 .47' 2 Sept 49'2 .49% .49% .49‘.4 Oats— May 27% .2754 .27 *4 .27*4 July 28% .28'* .28’4 .28% Sept 29 .28% .29 .29 Rye— May 5354 .53% .53*4 .53% July 55 .5454 .54% .54*,a Sept 56% .56 Vs .5654 .5654 Barley— May 38*4 ,38'i .3854 .3854 Julv 40% .39*4 .40 .39* Sept 41 % .41'2 .4154 ,415s Cash Grain INDIANAPOLIS —April 23 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were: Wheat—Easy: No. 1 red. 67@68c; No. 2 red. 66ff/67c; No. 2 hard, 66ft*67c. Corn.—Firm: No. 3 white. 44% ft? 4 5 %c: No. 4 -white, 43%ff/44%c; No. 3 yellow. 41'2 ff/42%c; No. 4 yellow. 40@41’/ 2 c; No. 3 mixed. 400/41c; No. 4 mixed. 390140 c. Oats—Firm: No. 2 white, 27@28c; No. 3 white. [email protected]. —lnspections Wheat—No. 1 red. 1 ear; No. 2 red. 2 cars; No. 2 mixed. 1 car. Total. 4 cars. Corn—No. 2 white, 2 cars; No. 3 white, 2 cars; No. 4 white, 1 car; No. 5 white. 1 car; No. 2 yellow, 10 cars: No. 3 yellow. 10 cars; No. 5 yellow. 1 car; No. 6 yellow, 2 cars; sample yellow, 1 car. Total. 30 cars. Oats—No. 2 white. 10 cars; sample white. 3 cars. Total. 13 cars# Barley—Screenings, 1 car. Total, 1 car. Local Wagon Wheat City grain elevators are paving 65 cents for No. 2 soft red wneat. utner graaes on their merits. (By United Press) CHICAGO. April 23.—Cash grain: Wheat —No. 2 hard. 77%@78%c; No. 2 mixed, 77c. Corn—No. 2 mixed. 4.6%c; No. 2 yellow, old. 48c; No. 3 yellow. 47Vi; No. 4 yellow. 4554 c; No. 2 white, 50'4c; No. 3 white lase. 49c; No. 4 white. 4812 c. Oats— No. 2 white. 32c; No. 3 white. 30%c: No. 3 white, lake. 29c. Rye—No sales. Barley —6sft/ 80c: quotable, 40@80c. Timothy—s6.2sft; 6.50. Clover seed—[email protected]. Cash provisions—Lard. $5.87; loose, $5.87; leaf. $5.87; S. bellies. $7.87. TOLEDO. April 23 —Wheat—No. 2 red, 79%fr/80%c. Corn—No. 2 yellow, 51%fai 52'ic. Oats—No. 2 white' 34%@35%c. Rye—No. 2. 60c. Track prices: WheatNo. 1 red. 75%@ 76c; No. 2 red. 74'iff) 75’ 2c. Corn—No. 2 yellow, 47ff)48c: No. 3 yellow. 46ff;47c; No. 4 yellow. 45ff)46c. Oats—No. 2 white. 31ff):33c: No. 3 white. 30%@32%c. Toledo seed close: Clover — Cash, $8.25. Alsike—Cash, $8.50. ST. LOUIS. April 23. —Cash grain: Wheat—ln fair demand. %c lower on red and % c lower on hard grades: No 1 red, 77c; No. 3 red, 76c: No. 5 red. 72c; No. 2 hard, 76'2C. nominal. Corn—ln fair demand. %,c higher: No. 2 yellow. 48c; No. 3 yellow. 47' 2 c. Oats—ln slow demand, unchanged; No. 4 white, 29c.

CHICAGO PRIMARY RECEIPTS —April 23 —Bushels— Today. Last week. Wheat 195,000 198.000 Corn 328.000 420,000 Oats 173,000 211,000 N. Y. Coffee, Sugar Futures —April 23 COFFEE —Santos— High. Low. Close. March 11.42 11.36 11.36 May 10.70 10.64 10.64 July 10.92 10.81 10.83 September 11.29 11.18 11.19 December 11.39 11.29 11.29 —Rio— January 8.56 March 8 60 8.59 8.59 May 8.22 8.12 8.12 July 8.42 8.31 8.42 September 8.46 8.38 8 42 December ... 8.52 SUGAR High. Low. Close. January 1.61 1 60 1.60 March 1.65 1.64 1.65 May 1.41 1.39 1.41 July 1.48 1.47 1.48 September 1.54 1.53 1.54 December 1.60 1.59 1.60 In the Cotton Markets —April 23 CHICAGO High. Low. Close. January 12.00 11.97 11.97 .March 12.05 'Mav 11.56 11.50 11.51 Julv 11.69 11.64 11.66 October 11.83 11.75 11.77 December 11.93 11.88 11.89 NEW YORK January 11.90 11.87 11.89 March 12.00 11.97 11.99 May 11.51 11.45 11.47 Julv 11.61 11.57 11.57 October 11.75 11.70 11.72 December 11.15 11.81 11.83 NEW ORLEANS January 11.88 11.83 11.84 March 11.97 11.93 11.93 Mav 11.54 11.47 11.48 Julv 11.61 11.55 11.66 October 11.73 11 68 11 .'A pecember 11.84 11.78 11.80 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 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 $1 a ton for coal carried to ain. FARM LABOR IMPROVES Demand for Workers 17.8 Per Cent Greater Than Last Year. I B;i Times Special NEW YORK .April 24.—The demand for hired farm labor on April 1 was 17.8 per cent greater than cn the same date last year, according the Alexander Hamilton institute. The unemployed situation in the country was aided by a reduction of 14 9 per cent in the supply of farm labor. This year there is approximately three men for every two | jobs, whereas last year there were four men for every two jobs, the report stated. Wages paid to hired farm labor at j the beginning of April was 20 8 per ; cent higher than a year ago. In February the average farm hand I earned $26.88 per month without 1 beard. u

New York Stocks

AVERAGE STOCK PRICES FOR MONDAY Net High. Low. Close, change Thirty industrials 106.7.1 105.31 105.92 —.42 Twenty rails 50.91 50.12 50.56 —.12 Twenty utilities 26.77 26.36 26.54 * —.17 Forty bonds 95.18 -.02 Ten first rails M. 85 - Ten seeond rails 84.79 —.21 Ten utilities 1H.90 -.21 Ten industrials 98.17 —.l? -Off. -r Cp.

—April 24 Prev. Oils— High. Low. 10:30. close. Amerada .. ... . 52*4 Atl Rfg 28% 28% i Barnsdall 9% Consol Oil 12% 12% I Cont of Del 22% 22% 'Houston (new) 5 5 Houston (01d,... .. ... . 26*4 1 Mid Cont Pet 13% 13% | Ohio Oil 13% 13% ' Pet Corp 12% 12% Phillips Pet 20% 20% Plymouth Oil 13% 13% Pure Oil 12% 12% ' Royal Dutch 35% i Sbd Oil 37% Shell Un 9% ! Skelley Oil 10% I Soc Vac 17 17% S O of Cal 36% ; S O of Kan 40% ' S O of N J * 46% 46% Sun Oil ........ .. . 61 % I Texas Corp 27% 27% 27% 27*8 Tidewater Assn 14% 14% Un Oil of Cal 17% j Steels— Am Roll Mills ■ 24 Beth Steel 42% 42% Bvers AM 27% Col Fuel & Iron ... 6%6 Cruc Steel 31% Inland Steel 45 McKeesport Tin ... 90% Natl Steel 49% Otis Steel 6% 6% Rep Iron & Steel 22V* ! Rep Ir & St pfd ... 60% U S Pipe & Fdy 28% U S Steel 52 U S Steel pfd 96% 96% Warren Bros 12% Youngstn S & T .. ... Motors— Auburn 39% 41 Chrysler ... 52% 52% Gen Motors - ~ .. ... 38% 38% Gen Motors pfd. .. ... . 100% Graham’Mot ... . • 3% 3*4 Hudson 19*8 19% 19% 19% Mack. Truck 33% Nash 23% Packard ... 5% 6% Reo ... 4 % 4 ■ a Studebaker ... 6 6 Yellow Truck 554 Motor Access— Bendix 18*4 Bohn Alum 63*4 63 Borg Warner ... . 25% Briggs 18*4 18% 18*4 18% Budd Wheel ... 4% 4% Eaton Mfg ... ... 21% Elec Auto Lite 27 Houdaille A 554 5*4 Mullins Mfg 15% Mullins Mfg pfd 46 Murray Body 9% 9% Stew Warner .... ... 9% 9% Timken Roll 35% Timken Det Axel 8% 854 Mining— Alaska Jun ... 20% 20*4 Am Metals ... ... 25% Am Smelt 44% 4454% 4 %inn Am Smelt 44% 44% 4'/b 44% Anaconda 1654 16% 16% 16% Cal & Hecla 554 5% Cerro De Pasco 36 36% Dome Mines . ... ... ... 37% Granby 53 Gt Nor Ore . 14% Howe Sound 51% 50% Ins Copper 5% Int Nickel 2854 28% Isl Creek Coal 27% 27 1 2 Kennecott C'op ... . 22% 22% Mclntyre Mine . 46*4 4654 46% 46% Noranda Cop 43 54 43% Pg rl? TTtnh Phelps Dodge .'ll 1854 1854 1854 18% St Joe Lead ... ... 24 5a U S Smelters 127 Vanadium 27 Amusements— Fox Thea . . ... . 16 Loews Inc 34 54 34 5 4 34 54 3 4 Radio Corp 854 8% RKO 3% 3 1 2 Warner Bros 754 Tobaccos— Am Snuff 56 5 2 Am Sum Tob 19 Am Tob (A 1 71% Am Tobacco (B) .. ... 72*4 72*4 Gen Cigars . 37% 36% Lig & Myers (B) . . 96% Lorillard 18% 18% 1854 18% Reynolds Tob B .. ... ... 44% Rails— Atchison 69 54 69% Atl Coast Lines. .. ... . 48% B & O ... 29 29% Can Pac 1654 165s 1654 16% Ch & Ohio 47 V 4 47% Chi ft Gt W 4% C M ft St P . 65 2 C M & St P pfd 10 7 a Chi N W 13% 1354 Chi N W pfd 24' 2 Dela & Hud ... 6554 Del Lac & W . 28 Erie 22 * 8 Erie pfd 28 Grt Northern pf .. ... 2952 28*4 111 Central 3254 325a K C Sou 19 Lehigh Valley ... 18*4 Lou <te Nash ... ... 61% M K & T 12% M K & T pfd 31% Mo Pac pfd ... . 7*4 N Y Cent . 34*4 :% NY Chi & St L 26‘s 26% NY C & St L pfd 41*, NY New Haven 19 NY On t & West 9% Nor Pac 35% 355, Penn R R 39% 34% Sou Pac 28 285a Sou R R 33 32*4 Sou R R pfd 29 Union Pac 1335 4 Wabash 4 . West Maryland .. ... 15% 15% Equipments— Allis Chalmers 20% Am Brake Shoe 32% Am Car & Fdy 28% Am Car & F pfd 54% Am Loco 33% Am Loco pfd Am Mach & Fdy 17 17 Am Steel Fdy , fl Bald Loco I* ’4 14% Bald Loco pfd 64 64 Burorughs -aa Case J I 69 70% Cater Trace 32% 37 Deere & Cos - 23 4 Foster Wheeler 20% 20% Gen Am Tk Cr 41% Gen Elec ... 23 23 4 Gen R R Sig 4254 Ingsol Rand 65 Int Bus Mach 1445a Int Harvester .. ■ , •• • 42 Nat Cash Reg .. 1952 1954 19% 19% Pullman Inc % Rem Rand 12% Und Elliot 45% West Air B .•• 32% 32*4 Westingh Elec 40% 40% 4054 40% Worthington Pm 29% Utilities — Am &: For Pwr 10% Am Power & Lit .. ... 9% AT&T .... 12254 122% Am Wat Wks .... ... 21 54 21 54 Brook Un Gas 70 Col Gas & Elec. .. ... ••• 36 Col G & E pfd 75 Com & Sou .■• 2% 2*4 Consol Gas .. 38% 38% 38% 38% Elec Pwr & Lit 7% E P & L pfd 17 17% Int Hydro Elec . .. ... . 8% Int T & T 1454 14% Nat Pwr & Lit 11% 12 North Amer 19% 19% Pac G&E 19% People Gas ... ... 38% Postal Tel pfd 24% Pub Serv N J 39% Sc Cal Edison .... ... 19*4 19% Std Gas 1354 12*4 Std Gas pfd ... ... .. 15% Stone & Webster .. ... 9*4 9% United Corp . ... ... 654 6% Un Gas Imp .. ... 16*4 16% Ut Pwr & Lit A 3*4 3 7 a Western Union . .. ... 54 54% Rubbers— Firestone. ... 22% 22% Goodrich ... 17 17 Goodyear ... 36% Kelly Spring ... . 354 3% U S Rubber 23 22*4 23 23 U S Rubber pf 57% 57 Miscellaneous— Am Bank Note ... ... 22*4 Am Can . • 10354 103% Anchor Cap . 23*4 Brklyn Man Tr 38% 38 38 38% Conti Can ... 8354 83 Crown Cork 33 Curtis Pub * 27% 28 Curtiss Pub pfd. .. ... ... 7954 Eastman Kodak 95% Gillette 11*4 11% Glidden 28 27* 4 Inter Rapid Tr 9’4 9*4 Raybestos Mfg 21% Foods— Am Sugar 50% 50*< 5054 51 Armour A 7 Beatrice Cream 17% Borden Prod 25% 25% 25% 25*4 Cana Dry G Ale 28% 28* 4 Coca Cola 124*4 124% j Cont Bak A 12% 17% Corn Prod 75% Crm of Wheat 33% 33% Cuban Am Sugar .. ... . 7% Gen Foods 35% 35*8 Gold Dust 22*4 22*4 G W Sugar 30 Hershev 61% Int Salt 30 Loose Wiles 42 42 % Natl Biscuit 43% 43% Natl D Prod 17% 17% Purity Bak 17% 17% SPorto Rico Sug . 32*4 Spencer Kellog 23% Std Prsnds 22% 22% Un Biscuit 25% 2V4 j United Fruit 75% 76% Wriglev 63% .. Retail Stores— Ass Dry Goods 16% Best & Cos 34 First Natl Stores .. ... ... 67%, Oimbel Bros 5%' Gr Un Tea 7% 7% Hahn Dept Sts ... ... ... 7% Jewel Tea 51 Kresge S S 21 21 Kroger Groc 33% 33 Macv R H 48*4 48 s , Marshall Fields 18% Mav Dent St ... . 44 44% Mont Ward 31% 31% 31% 315* Natl Tea 18 175a

Penny J C 65% 65% 65% 66 Safeway St ... ... 56% 57 Sears Roebuck. . 50% 50-% Woolworth 54 53*4 53% 54 Aviation— Air Reduction .109% 100% 100*, 100% Allied Chem 148% 148% Am Com Alcohol .. ... ... 48% Cos! Carbon . . 72% Com Solvents .. 28 27% 27% 27% ; Du Pont . 96 5 a 96 5 a Freeport Tex . . 45% Liquid Carb . . 34% 34% 34% 34* 4 Math Alkali 37 Montoson Chem 92% Natl Dis (new). 30% 30% 30% 3C Schenelev Dist 34% 34 34% 33% Tex Gulf Sulph 37% 37 Union Carbioe 46 46% U S Ind Alcohol 52 Vir Chem 6% pf .. ... ... 24% Drugs— Cotv Inc ... . 6% Lambert ... 27% 27% Lehn & Fink . 23% Un Drug 17% 17% 17% 17% Zonite Prod ... 7 7 | Financial—i Adams Exp ... 10% 10 (Allegheny Corp.. 3% 3% 3% 3% ! Am Int Corp ... ... 9 i Chesa Corp ... ... 47% (Lehman Corp ... . 74*4 ! Transamerica .. .. ... 7% 7% I Tr Conti Corp 5% Building—'Am Radiator ... 16 15% 16 15% Gen Asphalt ... 2jL 22* 4 22*4 22*4 Int, Cement ... . 29% Johns Manville .. ... 56% 57 Libby Owens Gls 37% 37% Otis Elev 15*4 15% Ulen Const ... 3% Household—- ! Col Pal Peet ... 17*, 17% 17*4 17% ! Congoleum ... 28% 28'• Kelv nator ... 19 19% ! Kelvinator . .. ... 19 19% (Mohawk Carnet: 21*4 22% Proc & Gamble. .. ... 37 36*4 Simmons Bed 20% 20% Textiles— Amer Woolen .... ... ... 14% Belding Hem ... 14% Celanese Corp .... ... . 36% Collins Aikman. .. ... 24% 24% Gotham Hose ... . . 10 Indus Ravon ... 86% 85% 85% 85*4 Kayser Julius ... 17% 18% Real Silk 11% Chicago Stocks —~ — - (By Abbott Hoppin & Cos.) ——— —April 24 High. Low. 12:00. Bastian Blessing ... 7 Bendix Aviation 18% Borg Warner 25% Butler Bros 12% 12 12% Chicago Corp com 2% Chicago Corp pfd 27% Cities Service 32% 3 Common wealth Edison. . .. 57 Cord Corp . ... 6% 6% 6% Electric Household 13% Great Lakes Aircraft % Great Lakes Dredge ... 20% Gen Household Util ... . .. 15 Iron Fireman 14% 14% 14% Kingsbury 6% Libby-McNeil 6% Lion Oil Refining Cos 4% Marshall Field 18 Middle West Utilities.. .. ... % National Standard 26 Noblitt-Sparks Indu Inc . .. 14*4 Parker Pen 9 8% 8% Pines Winterfront ... 1 Prime Cos ... 9% Public Service N P ... 19% Quaker Oats . 11l Swift & Cos 18% 17% 18 Swift Internacional 32% 32 32 Utility & Ind .. • 1% Utility & Ind pfd 4% 4% 4% Walgreen Cos com 27’% Daily Price Index Bt/ United Press NEW YORK. April 23.—Dun & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press: (1930-32 average. 100) Today 105.75 Saturday 105.59 Weela ago 106.55 j Month ago 108.20 Year ago 1 April 24) 82.67 1934 High 'March 12) 110.24 1934 Low (Jan. 3) 101.05 (Copyright. 1934, Dun & Bradstreet. Inc.)

Bright Spots ~ (By Abbott. Hoppin & Cos.) Lehigh Valley reports March net operating income of $894,173, against $239,560 for March of 1933. Mathieson Alkali earned 38 cents on the common stock in the March quarter against 21 cents for the first quarter of 1933. Packard Motors show a net loss of $1,257,021 for the first quarter, against a loss of $1,131,823 for the same period of last year. Proctor & Gamble in March quarter earned 59 cents a share on common stock, against 34 cents a year ago. Lambert * Company for March quarter earned 98 cents a share, against sl.lO for the. first quarter of 1933. Atchison Railway car loading for t*e week ending April 21. were 24,368, against 22,731 for the previous week. Standard Oil of Kansas announced a net profit of 5131.609 for the first quarter after charges, against a loss of $271,134 for the first quarter in 1933. United Carbide and Carbon Company and subsidiaries earned 48 cents a share against 18 cents a share for the first quarter of last year. Commercial Credit and subsidiaries first quarter ending March 31 earned 76 cents on common stock after charges and allowance for preferred dividend. Du Pont and subsidiaries first quarter shows 90 cents a share earned, against 35 cents for the same period of last year. Hudson Motor Car Company reports a net loss of $4,409,930 after all '■harges against a net loss of $8,459,982 for the year of 1932. INVESTMENT STOCKS UP Common Securities of Ten Leading Trusts Reach 15.64. By Times Special NEW YORK. April 24.—Investment trust securities again advanced during the last week in sympathy with the firmness of securities markets in general. The average for the common stocks of the ten leading management trusts, influenced by the leverage factor, as compiled by Allied-Distributors, Inc., stood at 15.64 as of the close April 20, compared with 15.27 on April T3. The average of the non-leverage stocks stood at 16.79 as of the close April 20, compared with 16.60 at the close on April 13. The average of the mutual funds closed at 11.67 compared with 11.55 at the close of the previous week. REPORT LARGE PROFIT General Foods Earnings in First Quarter Total 53,679.650. By Times Special NEW YORK. April 24.—Report of General Foods Corporation for the three months ended March 31, made public today, shows net profits of 53.679.650 after all charges and provision for according to C. M. Chester, president. This is equal to 70 cents per share on 5.251.462 shares of eftmmon stock outstanding on that date, and compares fwith 53.238.168 for the same per-iod last year, which was equivalent to 61 cents a share on 5.251,498 shares outstanding at that time. Copper Production Gains By I%i it est Press MOSCOW, April 24—Production of copper ore increased by 50 per cent during the first three months of '1934 as compared to the first three months of 1933, it was announced today. Production of copper increased by 25 per cent. <

STOCKS REMAIN IRREGULAR IN SMALL RANGE Sales Volume Light After Initial Spurt; Utility Issues Firm. BY ELMER C. VTALZER United Press Finanrial Editor NEW YORK. April 24 —The stock market today duplicated its performance of recent days, opening irregular in a narrow range. Meanwhile silver futures broke sharply, cotton eased a few joints, bonds moved irregularly, and the dollar steadied to a narrow rut. Trading, relatively active at the outset, quieted down to its recent j light volume. Automobile shares, except Auburn. : 39%, off % points, the widest swing | made anew low for the year at of any stock in the first part of j the session. J. I. Case was forced ! down 1% ponts to 69. and small ( | losses were noted in such United i States Steel, American Telephone,! New York Central, American Smelting. Westinghouse Electric. United Aircraft, and General Electric. Small gains were noted in Na- ! tional Distillers. Bethlehem Steel, i j Consolidated Gas, Texas Corpora- ( tion and Phelps Dodge. Standard Gas was % at 13% to feature a firm utilities group. Copper shares were steady and so were oils. Rails eased small amount. Gold mining issues fluctuated in a narrow range. Mail order shares were at the previous close. American Smelting eased as silver futures extended losses to 100 points. Auburn held at its opening, as did New York Central, Sears Roebuck, i and Standard Oil of New Jersey. Chrysler firmed to 52% after opening unchanged at 52%. United States Smelting declined nearly a point. Money and Exchange INDIANAPOLIS RANK CLEARINGS —April 2t Clrarings . $1,805,000.00 Debits 3,983,000.00 FOREIGN EXCHANGE —April 23 Close. Sterling, England $5.15% Franc, France 0668 Lira. Italy 0860 Belgias, Belgium 2365 Mark. Germany 3957 Guilder. Holland .6850 Peseta, Spain 1383 Krone, Norway 2590 Krone. Denmark 2302 Yen, Japan 3040 New York Curb (By Abbott. Hoppin & Cos.) —April 23 Close. Close. Allied Mills ... 8% Hiram Walker 43% Am Veverage .. 2', Hud Bay Min.. 13% Am Cyanide B 21% Humble Oil 45% Am Gas & El . 28%Tmperial Oil Ltd 14*4 Am Superpow . 3% Int Petrol . 26% Brazil Tr & Lt. 11 % Lake Shore Min 53% Can Marc .. 2% Libbv McN Libby 6% Carrier Corp .. B%'Lone Star Gas 6% Cities Serv . 3 Natl Bellas Hess 3% Commonw Ed 57% Newmont Min.. 56 Consol Gos Bit 59 Nia Hud Pwr 6% Cord Corn . 6%'Pan Am Airways 39*4 , Creole Petrol 13% Penn Rad . .... 3% Crown Cork Inti 7% St Regis Paper . 4% Deere & Cos . 29% Sal Creek Prod. 7% i Distillers Corp. 20%'Std of Ind ... 27'4 Dow Chem ... 87%'Std of Kv 16% El Bd &Sh ... 17*8 Technicolor Ind 9% Fisk Rubber . 18 Tec.k Hughes Gd 6*4 Ford of Can A. 23*8 tip Gas 3% Ford of Europe 7% Un Pwr & Lt A 3% Glen Coal 17% Wr Harg Min .. 9% Gulf Oil of Pa 67 I

Treasury Statement (By United Press) WASHINGTON. April 24.—Government expenses and receipts of the current fiscal year to April 21. compared with the corresponding period of the previous fiscal year. \ This Year. Last Year. Expenses $5,693,184,882.45 $4,116,011,831.08 Receipts $2,445,048.614 22 $1,609,815,368.13 Deficit. $3,248,136,248.23 $2,506,196,462.95 Cash Bal $4,379,902,741,41 Bond Prices ,By Fenner & Beane) —April 24 High. Low. 10:30. : Alleg Corp 5s ’SO . .. . 44 V* Am & For Pwr 5s 2030 . 58 57% 58 ! A T & T db 5s ’65 ... 108 I Atchison gen 4s ’95 101% 101 101% B & O cv 4’%s ’6O ... 70% 70 70% Beth Steel 5s (A) 36 .. . 102% Can Pac 4s 80% 79% 80% C M S P&P adj 5s A 2000 18% 18% 18% Ch M S P&P rs 5s A ’75 54% 54% 54% Cons Gas N Y 4%s 'sl 103% Denmark 5%s ’55 92 Eie R R rs 5s ’67 79 Goodyear 5s '57 100 Gt Nor 7s A '36 . .. 98% 98% 88% Interboro R T 5s ’66 71% Int T & T db 5s ’55 69 68% 68% McKess & Robb 5%s 'SO 85 84% 84% Nat Dairy db 5%s ’4B 96 Penn R R 4% s D 'Bl 96% 96 96 Poland 7s ’47 100 99% 99% Shell Un Oil 5s ’47 98% Sin Cons 6%s B '3B .. . 104% Texas Corp 5s '44 102% 102 112% Tob Pr N J 6%s 2022 . .. 107% Un Pac Ist 4s '47 ... 114% U S Rubber 5s A ’47 ... 89% 89 39 Vanadium 5s ’4l ... 88 Western Un 5s ’sl .. ... 94 Ygstown S & T 5s B '7O 87% U. S. GOVERNMENT BONDS (By United Press) NEW YORK. April 23.—Closing Liberties. (Decimals represent thirty-seconds). Liberty 3%5. (32-471 103.24 First 4%s (32-47) 103.26 Fourth 4Vis (33-38) 104 Treasury 4 % s-3%5. (45) 102.11 4%s (47-52) 110.16 3%s (43-47( 102 24 3%S (41-431 * 102 24 3%s (40-431, June 102 30 3%s (41 ( 102.27 3%s '46-491 100 31 3s (51-55) 99 23 FEDERAL FARM LOAN BONDS (By Blyth A: Cos.. Inc.) —April 23 Bid Ask. 4s, Nov. 1. 1957-37 100% 100% 4s. Mav 1, 1958-33 100% 100% 4 1 1 s. July 1. 1956-36 100% 101 4 1 48, Jan. 1. 1957-37 100% 101 4%5. Mav 1. 1957-37 100% 101 4% s, Nov. 1. 1958-38 100% 101 4 1 -S. May 1. 1942-32 100% 100% 4%5. Jan. 1., 1943-33 100% 100% 4%5. Jan. 1, 1953-33 101% 100% 4%5. July 1. 1953-33 100% 100% 4 1 2S, Jan. 1. 1955-35 100% 101 4%5. July 1. 1955-35 100% 101 4%5. Jan. 1. 1956-36 100% 101':, 4%5. July 1. 1953-33 100% 101% 4<s, Jan. 1, 1954-34 100% 101% 4%5. July 1. 1954-34 100% 101% ss, May 1. 1941-31 101% 192% ss, Nov. 1. 1941-31 101% 102% —Home Loan—4s. July 1. 1951 100 100% —Federal Farm Mortgage Corporation—--3%5. March 15. 1964-44 101 101% Investment Trust Shares (By Abbott, Hoppin & Cos.) —April 23 Bid. Ask. American Bank Stocks Corp 1.25 1.2? American & General Sec A . 500 700 American & Inv Tr Sh... 1.75 Basic Industry Shares 3.60 3.70 British Type Inv Tr Sh 55 60 Collateral Trustee Shares A . 5.00 5.12 Corporate Trust Shares (old t 2.2>J 221 Corporate Trust Shares (new) 2.49 2.53 ! Cumulative Trust Shares 4.32 Diversified Trust Shares A .. . 6.25 Diversified Trust Shares B ... 8.12 825 Diversified Trust Shares C .. 332 3.31 Diversified Trust Shares D .. 5.00 512 First Insurance Stock Corp... 1.33 139 First Common Stock Corp ... .84 87 Fixed Trust Oil Shares A ... 837 .. I Fixed Trust Oil kaares B .. 7 80 Incorporators Investments . . 19.25 19 50 Land Bank Bond Shares .... 126 1.33 Low Priced Trust Shares .. 6.70 680 Mass Inv Trust Shares ... 19 92 21.63 Nation Wide Securities . 358 364 North Am Trust Shares <531 . 1.96 200 North Am Trust Sh (55-56* . 252 256 North Am Trust Shares 158) 260 2 7(T Selected American Shares 2 75 Selected Americgjj Shares Inc 130 135 Selected Cumulated Shares 700 Selected Income Shares 370 420 Std American Trust Shares A 3.14 3 18 \ Trust Shares of America 3.00 3 051 Trustee Std Oil A 5.85 6.00 I •Trustee Std Oil B 530 5.40 U S Electric Lt A Pwr A 13.25 14 00 Universal Trust Shares -, 3.20 3.25 '

PAGE 13

Wall Street Business Improved Since Abandonment of U. S. Gold Standard. BY RALPH lIENDERSHOI Timr Spffiil Financial Writer. Abandonment of the gold standard by thp United States brought all sorts of criticism and pessimistic predictions. Many people thought the country was going to the dogs. We have now been off the gold standard for a year, and, to the consternation of many critics, perhaps, conditions have improved.

lt would be ridiculous to say that all of the trade ills have been cured or that abandonment of gold was entirely responsible for the betterment, but no one can help knowing that business is better. and credit for the improvement must go primarily to the administrati o n and its advisers. Stock prices

Hendershot

have nearly doubled during the past year, and high grade bonds have I risen about 20 per cent. Factory ' pay rolls have jumped tremendously, I automobile production has almost | doubled, steel operations are more , than twice as high, electric power output, car loadings and all the I other indexes of trade reflect important gains. To bankers and economists and others who deal either with other people's money or with figures the trade improvement probably means very little. But to those who were out of work a year ago, to those who have received increases in their pay and to the hundreds of corporations which are now operating at a profit, as against a loss of twelve months ago. the change which has been wrought represents a weighty development. Many intelligent people were wondering a year ago where we were going economically and politically. With our banks closed, with municipalities facing bankruptcy, with, the entire country apparently on the verge of financial collapse, it would seem that they had cause for concern. That the avalanche was stopped was a big thing, but the turning of the tide so definitely was an achievement spelled entirely in capital letters. a tt a Economic Forces at Odds ONE of the unusual economic features of the times is the pulling of forces of nationalism and internationalism at the same time. Each country is fighting tooth and nail for 'he falling export markets, while at the same time they are holding tight upon their home markets. Now 'hat business seems to be on the mend in mast countries, the establishment of a definite policy on international trade would seem to be advisable. It is difficult to see how plans can be laid intelligently J by any country as long as they are undecided as to the goal they hope to reach. England, for instance, which is so dependent on foreign trade, has been an ardent preacher of “buy in England.” Other nations have been acting almost as fool'.shly. u u u Difficult to Unscramble IT is likely to be no easy job to unscramble the trade situation, because of the efforts toward nationalism in recent years. The calling of a trade congress probably would serve no good purpose, because every country would want to get everything and give nothing. Conditions undoubtedly would be a great deal worse after than before. About the only hope would seem to be agreements between individual nations, and even such argeements might havei unfavorable political reactions. Marriage Licenses Fred W. Shenpard. 23. Dayton, 0., tire builder, and Marguerite E. Goffer, 19, Spink hotel. Joe E. Lane, 21, Lapel, Ind.. laborer, and Mary M. Hudson. 21, of 1936 East Forty-sixth street, nurse. Dwight H. Tatman, 35. Brookville, sheet metal worker, and Olga Rainey. 35, of 921 North Chester street, saleswoman. Forest G. Thomas. 36. Chicago, bond salesman, and Louise Callahan, 26. of 3360 Guilford street. Clarence G. Shade. 22. Seymour. Woolen finisher, and Ruby Morgan, 22, of 1708 South Randolph street. Edgar G. Davis. 22. of 4965 West Thirteenth street, student engineer, and Evelyn Warren Nash, 22. of 5054 West Thirteenth street. Alvin F Muesing. 27, of 333 East Minnesota street, clerk, and Marjorie M. Weaver. 21. of 1332 West Twenty-eighth street, operator. Charles L. Arnold. 34. of 908 College avenue, tire worker, and Dorothy F. Arnold, 26, of 2735 North Meridian street. Apt. 1. Maurice C. Smith. 31. Kokomo, purchasing agent, and Reba Jane Phillips, 28, of 840 Wallace street, saleslady. Otis Hayden. 19. Bridgeport, trucker, and Rosa Poland, 18. of 3547 West Vermont street. Robert E. Wilson, 45. of 4238 Park avenue, United States internal revenue agent, and Mildred H. Heenan. 36. of 2063 North Meridian street. Apt. 19, United States clerk. Lester J. Rice. 18. of 501 Warren avenue, truck driver, and Opal M. Silcox. 18, of 517 Abbott street. Paul Hugill. 23. of 362 Cole street, clerk, and Ruby Gault, 20, R. R 7. city. Arthur Sturm. 26. of 2105 South East street, knitter, and Ravine Morris, 26, of 513 East Thirty-first street. Births Girls Leonard and Lo.s Costelow, 1041 Church. Thomas and Dorothy Hudson, 2511 North Harding. Bovs Theodore and Louise Rigdon, 2213 South Meridian. Harley and Lula •Borman. 112 North Gladstone. Ernest and Louise Raker, 1234 Linden. Deaths Lillian Davis. 67, 5021 Orion, cerebral hemorrhage. Catherine W Beci.e. 85. 322 North Arsenal, apoplexy. Mary Ellen Moore 86. 1901 Walker, chronic myocarditis. Scott Cory Wadley. 65, 464 North Meridian, lobar pneumonia. Alice Lucinda Pritchett. 77. 1906 Commerce. hypostatic pneumonia Zora Chambers, 80. 1731 North Capitol, arteriosclerosis. Arthur Howard McCain. 51. Methodist hospital, hvpostatic pneumonia. Jan.es Shobe, 56, 1738 Calvin, myocarditis. Albert Jerusalem. 67. 234 North State, acute cardiac dilatation. Victor F. Klerner. 32. Veterans’ hospital. pulmonary tuberculosis. Milton Crabtree, 46. 1826 Bellefontaine, pneumonia. Sarah C. Farley .77. 1826 Howard, cere, bral hemorrhage. Nellie Ellen Spencer. 29, Deaconess hospital. lobar pneumonia. Robert Lemon. 10, city hospital, miliary tuberculosis. Thomas Green, 76, 520 East Vermont, arteriosclerosis. Elmer Brandt. 54. city hospital, fractured skull. Margaret J. Allen. 88. 5736 East Sixteenth street, chronic mvocarditis. James Woods. 1. Rilev hospital, lobar pneumonia. Paul William Ginn. 1. 1922 East Nineteenth. broncho pneumonia. Joann- Compton, 5. Riley hospital, acuts mastoiditis. Mary Lucas. 49. 1302 South Belmont, carcinoma Addis McCallister, 55. city hospital, carcinoma. Henry Poindexter. 43, 612 Ogden, broncho pneumonia. Sadie Metzler. 26. 4000 Massachusetts, crushed skull. John M. Crist, 75. 702 North King, uremia. Kirby Payne 45. Long hospital, cardiac decompensation. Charles B. Howard. 58. 5723 North Meridian, lobar pneumonia. ,