Indianapolis Times, Volume 45, Number 299, Indianapolis, Marion County, 25 April 1934 — Page 13

APRIL 25,1934

SWINS VALUES RISE 15 CENTS AT CITY YARDS Cattle Market Active and Firm: Lamb Prices Strengthen. Porkrr value In early trading at the Union Stockyards this morning recovered losses registered in the previous session. Practically all grades on hand were around 15 cents higher than yesterday's average. Slight decrease in receipts and an improved demand aided the initial advance. The bulk. 160 to 325 pounds, was selling at $3.90 to $4. Other classes, weighing from 130 to 100 pounds, brought $3.25 to $3.75. while light slaughter pigs ranging 100 to 130 pounds, sold at $2 40 to $3.15. Receipts were estimated 7,000; holdovers. 256. Firm and active trading featured the rattle market, with better grade slaughter steers salable above SB. Other kinds were valued at $7.50. Few loads of early sieers ranged from $5 50 to $6 10. Receipts were 1.200. Independent weakness developed in veal trading, with most classes around 25 rents lower than yesterday's session, selling at $6.25. Receipts numbered 900. Lamb prices were generally 25 to 50 cents higher than Monday s trading. Few choice springers held at sl2 to $12.50, while shorn natives sold at $9. Clipped ewes were quoted at $2 to $4. Receipts were 200. Few early bids on hogs at Chicago moved 5 cents higher. Bulk of rhoice weights scaling 200 to 220 pounds was bid in at $4 to $4.05. Receipts were estimated at 21,000, including 6.000 directs; holdovers, 2.000. Cattle receipts, 9.500; calves, 2.000; market strong. Shcrp receipts. 6.000; market strong to higher. HOGS April. Bulk. Top i<s $4 on'.i 4.0s $4 io 20 4 00'./ 4 OS 4 05 5 222 21 4 05® 4 10 4 10 2 990 25 3 90 Si 4 00 4OS 2222 It 3 75® 3 AS 3 90 9 900 25. 390 Si 400 400 7.000 i. Market. Hither (140-1601 Good and choice $ 3.50® 3.75 —Tight Weights—■ . 160-180> Good and choice 3.95 1180-200i Good and choice 3 35 - Medium Weights—-<2oo-2201 Good and choice 4 00 (200-250) Good and choice . *lO Heavy Weishts—-(2so-290( Good and choice .. 4 05Si 410 ■ 290-3501 Good and choice 3 BUS< sou Packing Sows—(3SO down* Good • 3.15® ,40 . .’SO lb i Good T 9? „ 2 is (AH weightsi Medium 285 o 3.15 -Slaughter Pigs— .. (100-1301 Good and rhoice 2.40 <i 5.i0 CATTLE Receipt*. 1.200; market, steady. (i.050-1,100( . , Good and choice * 5 Common and medium 4 50® o.su 'Ynodand choice 5-s? 6'o Common and medium 4 .s'u 6 oo (675-7501 . -, n ■ Good and rhoice 5 2 2? 1 Common and medium 3 oosi 5.25 . (750-9001 . , nn Good and medium 5-2 Common and medium 2.(5'a 4.(0 , —Cows — Common and medium 2.755 r 3.50 Low cutter and medium 1.75® 2 (5 Bull* 1 yearlings excluded' Good (beef steer*' 309 ST 3.5 Cutter, common and medium . 175® 300 VEAI.EP.S Receipt*. 9MI: market, lower. Good and choice * t lnf, 575 Medium 4 ?OS, 5 7S Cull and common ? Calves — Good and rhoice -J 50S? 5 00 ■Common and medium -00 Si 350 —Feeder and Stocker Cattle— Good and choice 4 25® 5 .5 Common and medium ■ 3.005i 4.2a 1800-1.500■ Good and choice 4 -s®> an Common and medium 3.00® 4-5 SHEEP AND LAMBS Receipt*. lUO; market, higher. *hnrn basis. .00-lb down* Good and rhoice $8 50Si 9.00 (90-110 lb i Good and choice 8 00® 8.75 iSOO lbs. downi Coro, and med. 7.00® 8.25 Ewes— Good and rhoice 3.005? 4 00 Common and medium 2 00® 3 00 Other Livestock ißv United Pressi ft WAYNE. April 25 Hogs 20 to 25c higher: 250-300 lbs $4 05: 200-250 lbs., ti- 180-200 lbs . $3 15; 160-180 lbs . $3 90; 300-350 lbs $3 70 150-160 lbs.. $3.55: MO--150 lb* $3 30, 130-14(1 lbs $3.05; 120130 lb* ’s2 55 100-120 lbs.. $2 20: roughs, j; 75; ttags. $1 50. Calves. *6. lambs. $9.50 down. CHICAGO April 25 Hogs Receipts. jl.otiO. including 6.00 directs: strong to 10c higher than Tuesdav; 170-280 lbs.. $3.90® 405 top $4 10: 290-350 lbs . $3,656/ 3.90: light lights $3.505/ 3 90: pigs. S2 25®3: nicking sows. S3® 3.15: light lights. 140Iso lhs . good and choice. $3 404,3 90: light weight 160-200 lhs . good and choice. *3 75.14 10 medium weights. 200-250 lbs. good and choice *3 90® 4.10: heavy weights. 250-350 lbs., good and rhoice. *3 65 ® 4 packing sow s 275-550 lbs., medium and choice. $2 904,3 40: slaughter p,gs 100-130 lbs . good and choice. $2 25 ~, 340. Cattle Receipts, 9.500; calves, receipts 2 000 medium weight and weighty steers, strong to 25c higher, mostlv 15'u 25r higher; \earlings and light steers predominating in cron. slow, steady but general scramble on for all grade steers with weigh! $8 50 paid for 1.347 lb. averages and numerous loads $7 754, 8 40; light steers. $7.75: light heifers. $6 25: heavy heifers, $6 50: slaughter cattle and vealers: steers 550-900 lbs . good and choice. *5 754,7 50: 900-1.100 lbs . good and choice, $5 754,7 75; 1.1001 300 lbs., good and choice. $74,8 50: 1 500 lbs. good and choice. $7 25.(8 50: 550-1,300 lbs. common and medium, $4 504,7.25: heifers. 550-750 lbs. good and choice. $5,254,6 25; common and medium. $3.504,5.25; cow*, good. $3 75 , 4 75. common and medium. $2 854,3 75; low cutter and cutter, $24,2.85; bulls, vrartings excluded good beef $3 3.44, 3.75: cutter, common and medium $34,3.60: \raler*. good and choice. $54, 6 25: medium. *4 4,5 cull and common. $34,4: stocker -and feeder caltle: steers. 550-1 050 lbs., good and choice. $4,754, 6: common and medium $3,504,5 Sheep Receipts. 6.000: wool lambs 1(V higher, top 20c up: bulk 874,88 lb averages $10.10: top $10.20 to small killers: sheep steady; shorn ewes. S3 75 down: slaughter sheep and lambs lambs 90 lhs down, good and choice. $lO 4,10 20 common and medium $7 50'., 10: 90-98 lbs good and choice. $9 854, 10 10: ewes I*o-150 lbs . good and choice. *3 75 6,5 50 a.l weights, common and medium. $34, 4 50. LAFAYETTE. April 25 —Hogs—Market 15c to 20c higher 200-.325 lbs $3 80 385 160-200 lbs $3 65 * 3 75: 140-160 lb $.7 25 4,3 50 125-140 lbs. $2,754,3: 100-125 lbs $24, 250 roughs $3 down: top calves. $5 top lambs. $8 Bv Times Special) LOUISVILLE. April 25 —Cattle— Receipts 225; including 37 direct: demand not so broad as earlier in the week: market less active and most slaughter classes weak to slightlv lower than Mondav. bulk common to medium steers and heifers. $4 24., 5 50 better finished lightweight Quotable to around $6 25 bulk beef cows $3 25J4: smooth belter t-vpes eligible higher lowcutters and cut’ers, $1504,2.75; m ost sausage bulls. $3 75 down: common to medium grade native Stockers and feeders mostlv $34,4 well bred light herefords $4 756*5 25 Calves—Receipts 325. steadv bulk better vealers. $54,5.50: strictly choice. $6 medium and lower grades s‘4 down. Hogs—Receipts, 1000. mostlv 15c htgher: w ith 145-165 lbs . 25c up; 170-240 lhs $3 90 245-270 lbs . $3 55 275 lbs UD S3 20 145-165 lbs S3 30: 120-140 lbs„ $1 9a sows. $1 95 grass* and unfinished hogs subject to 50c tsl per cat discount. Sheep - Receipts 325 run mostly spring lambs market generally steadv better grad* spring lambs. $106111: plainer kinds down t<l $9: medium to good wooled lambs. $74/ 8. most fat wooled ewes. s3® 4. Farmer Killed by Traetor Uw f'nil< 4 Prtxx KOKOMO. Ind . April 25—Carmel Phillips 44. was killed instantly today when he was pinned beneath his tractor. The tractor overturned while he was plowing on a farm west of Middleton.

Adoption of Steel Code Increases Employment

$3,000,000 Monthly Will Be Added to Pay Roll, Survey Shows. f! 7 imm ,4 ftrrinl NEW YORK. April 25.—General wage increase in the steel industry since adoption of its code, which became effective April 1, adds approximately $3,000,000 monthly, or $36.000 000 anually to the industry pay roll, according to survey by the American Iron and Steel Institute. The current wage level in the industry is 6 to 7 per cent higher than the peak period of 1929, the report stated Hourly wages are now estimated around 36 per cent greater than in June. 1933. The number of workers in the industry is rapidly approaching the 1929 total of 420,000. Although the number had been reduced to 210.000 in 1932. it was back up to 365,000 in February, 1934. and men were being re-employed at the rate of 10.000 or more a month. Despite general price increases of $2 or more per ton on steel products, the level of finished steel prices with such increases in effect is still 5 per cent below the 1929 level, and 21 per cent below the postwar peak for prices in 1923. Steel prices began to fall in 1923. and continued to drop steadily until 1933. when the price curve straightened out and ultimately turned upward. Even then, the increase in steel prices lagged far behind the general wholesale commodity price index, which increased 21.9 per cent from February, 1933 to February, 1934. while finished steel prices rose but 5.4 per cent during the same period. Such advances as have been made in steel prices have scarcely any effect at all on the general public, the institute pointed out. For example, in the automobile industry, which is orfc of the heaviest users of steel, the cost of this commodity in the average motor car. in 1932. was only $31.41 (or 4.6 per cent of the total cost of the car, although the iron and steel represented 78 per cent of the total weight. Produce Markets Delivered in Indianapolis Prices—Hens. He. Leghorn nen.s. 8c Leghorn spring-er-stags 6c. large springer-stags. 9c; cocks 5 lbs. and over 6c; under 5 lbs., 4c, ducks. lull feathered and lat. 4% lbs. and over 7c: geese. sc; voung guineas. I*2 to 3 lbs. 30c: old guineas. 20c. No. 1 strictly fresh country run egRS, loss off 13c each full case must weigh 5 lbs. gross; a deduction of 10c a opund for each pound under 55 lbs. will he made. Butter—No. 1, 2.)® 26c. No. 2 23®24c; butterfat. 21c.— Quoted by Wadlev. (Bv United Press) CHICAGO. April 25.—Eggs Market, steady; receipts. 22.899 rases; extra firsts. 16%c; fresh graded firsts, 15 4 a; current receipts. 14%c; dirties. 13%c; checks. 13c. Butter—Market, steady; receipts, 7.854 tubs:; extra firsts 190-91'u score. 22'/4t 22%c: firsts (88-89 1 a scoret. 224, 22' t c: seconds (764,87'/ score). 21'2c: extras '92 scorei. 23c; specials. 23'zc; standards. 23c Poultry—Market, firm; receipts. 40 trucks. 3 cars due; hens, 16c: old roosters, B'/c: springers (Plymouth Rocks. 3 lbs.i. 24‘zc; geese. Br. broilers. 22c; capons 22c: turkeys. 20c. fryers iPlymouth Rock. 2 to 3 lbs.i. 24'/c: Leghorns. 14% c: heavy ducks. 13c. Cheese—Twins. 11 1 4 ® 11 1 zc: longhorns. ip 4 ,12 c; daisies. 11%® 12c. Potatoes-- Old stork, supply moderate: demand and trading moderate: market slightlv stronger on Russets: about steady on others: Idaho Russets 3 cars. $1 60. 1 ear. 51.62*3 cars. $1.65; United States No. 2. 4 cars. $1.30: Colorado McClures. 1 car. $1 40; Wisconsin Round Whites. 1 ear. $1.15. 2 cars. $1.20. 1 car. $1.30. unclassified 1 car. 80c; Nebraska Triumphs 1 car. $1.30. New Stock—Supply liberal: demand and trading moderate: market barely steady: sacks per hundredweight. Texas Bliss Triumphs 1 car. $2.90. NEW YORK. April 25.—Potatoes—Weak; Long Island. *1.904,3.25 barrel; southern. $24,5 barrel; Maine. $1.106,3.35 barrel: Idaho. $1,854/2.15 sack: Canada, $1,856, 1.90 barrel. Sweet potatoes—Quiet: Jersey basket, 50c® $1.75; southern basket. $1.256,1.50. Flour—Easy: springs: patents. $6.156,6.45 barrel. Pork—Quiet: mess. S2O 25 barrel. Lard—Easy—Middle west spot. $4.354,4.45 a 100 lbs. Dressed poultry —Steady; turkeys. 144,25%c; chicken. 10% 4, 28 c; broilers. 204, 28c: capons. 214,33 c: fowls, 214,33 c: fowls. 176,21 c; Long Island ducks. 15%® 16c. Live poultry— Steady; geese. 64,7 c; turkeys. 104, 22c: roosters. 8c: ducks. 84,12 c: fowls. 17c: chickens. 94,11 c: capons. 22c; broilers. 12 4,24 c. Cheese Quiet: state whole milk, fancy to specials, 184,19 c; Young America. 12%®13c. CLEVELAND. April 25.—Butter—Market, firm: extra. 27c; slandards. 27c. Eggs— Market, weak: extra white. 14' 2 c: current receipts. 14c. Poultry—Market barely, steady; colored fowl 4'z lbs. and over. 17r: colored fowl medium, 16c: Leghorn fowl. 3‘z lbs. and over. 15c; Leghorn fowl, 13c: broilers colored. 25c: old roosters lOc: ducks white s'z lbs. and over. 19c: broi'ers fancy rock. 27c: broilers Leghorn. 23c: stags. 14c. Potatoes—Maine mostlv $2 104, 215 per 100-lb. sack: Idaho $1.854, 1.90; Ohio and New York best $1.75.

On Commission Row —April 25 —Fruits— Apples—New York Baldwins, fancy. $1 65 up: fanev Staymans. $2.25. fancy Winesaps. $2 50 South American Cherries—Crate. $3.25 ®3.50. Oranges—California Sunkist. $3.25®4.25; Floridas. $3,754,4 Lemons—Sunkist. $5.50. Grapes—South American, crate. $3 Grapefruit—Arizona seedless. 645-70s, $3 ®3.50; Florida. $3 504/4 Strawberries Louisiana. 24-pt. crate. $2 75: Alabama. 24-qt. crate. $4.50 Melons— Argentina Honeydews. $3.50. Cantaloups—Pony crate' $4.50; standard (451. *5. Pears—Calavos. $3 50 per box. Bananas—Per pound. 5 cents. —Vegetables— Cabbage—New Texas. $1.35 per halfcrate Florida red. $3 per hamper. Celery- Florida. $3 a crate: mammoth bunch. 85c: medium bunch, 45c; hearts dozen bunch, $1 35. Onions $1 25: red. $1.15; Idaho. Spanish. $1.35. Potatoes—Northern round white 100-lb bag $185: Red River Ohios. $1 90: Maine Green Mountain. $2.25: Colorado McClures $2 10: Idaho Russets. $2: 'Wyoming Triumphs. 50-lb. bag. $1; New Texas Triumphs. $1 75. Sweet Potatoes—lndiana Jerseys, per bushel. $2: Porto Ricans, $1 90 Asparagus—California select, crate. $3.75 4/4; Illinois, crate $1854,2 Beans—Round, stringless. $3; lima. $4 50. Bee:*—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 25 Cucumbers—Hot house per dozen $1 10 I-ettuce—Hot house. 15-lb basket $1 50Iceberg best. $4.50in'4.75 a crate. Peas—2 B-lb hamper. $2 25 Radishes—Hot house buttons. 60c a dozen Rhubarb—California. 20-!b. box. $1 75. Spinach—New Texas. 75c per bushel. .. vnmatoes Repacked. 10-lb. carton. $1 50: selected, cellophane wrapped, $1 75 original Mexican. 30-Ib. lug. $3 50. CHICAGO FRUIT MARKET (By United Press) CHICAGO. April 25.—Fruits and vegetables Apples—Michigan Baldwins, $1.50® 1.60 bushel; Mclntosh. $24,2.25 bushel Carrots—lllinois. 504,75 c bushel. Spinach —Texas, 504,90 c bushel: Illinois. 504,75 c bushe . Beans—Southern green. $1,504,3 bushel hampers. Cucumbers—Central western hothouse. $1.754,2.25. 2 dozen to box. Tomatoes—Florida. $2 50® 3.25 lug box Sweet potatoes—Tennessee. $1.50® 1.5 bushel hampers: Illinois. $1.50® 1.60 bushel hampers. Mushrooms—lllinois 204,3,%c. pound cartons. Asparagus— California $2.25v,3.2S dozen bunches. Leaf lettuce—lllinois hothouse, 604r65c 10-lb basket Onion marker. 50-lb, sack*— Western Valencias, street sales. $14,1.25; Michigan yellows. 754, gor: Texas vellows (sc®sl; Texas whites. $1 25. Marriage Licenses J Albert Workman. 54. of 1224 Pershine avenue, clerk, and Mary Campbell 59 Knightsvllle. Ind.. housekeeper Anthony Brismlck Jr 25. of 960 No-th Ke'cham street, packer and Marv Somrack 25. of 1101 worth Holmes street inspector Phillips Privetere. 46. of 1224 Bate* street, peddler, and Dorothv Jackson 30 of 1224 Bates street, housekeeper Larrv Williams. 32 Cincinnati salesman and Cas*ie Paul. 21 of 523 North New Jersey street, housekeeper. George Heck 43. Davton. O. restaurant proprietor, and Ruth Mever. 32 Linco'n hotel, housekeeper Eddie W’oolam 22. of 1733 Olive street meat packer, and Marv Strawn, 18 of 636 North Tacoma street, housekeeper Robert Jewell. 23 of 3009 Broadwav bookkeeper, and Ella Marie Carll. 22. of 2442 College avenue, pharmacist. John Woodram. 27. of 6323 Fergason street, painter, and Vivian Russell. I*. of 2411 Kenwood avenue, clerk.

COMMODITY PRICES DIP FOUR POINTS IN WEEK National Fertilizer Association Sets Index Number at 70.7. WASHINGTON. April 25.—Wholesale commodity prices were lower during the week, according to the index of the National Fertilizer Association. This index, which has been fairly steady for the last three cr four weeks, declined four points during the week ended April 21. The latest index number, 70.7, is 5 points lower than it was a month ago. A year ago the index stood at 58.2. Ten of the fourteen groups in the index were affected by price changes during the latest week. Four groups declined and six advanced. The declining groups showed much larger losses than the gains evidenced by the groups that moved up. Grains, feeds and livestock, textiles. foods and fertilizer materials declined. Fuel, house furnishing goods, fats and oils, building materials, mixed fertilizers and miscellaneous commodities advanced.

UNION PACIFIC STOCK HOLDINGS CUT HALF Company Earnings in 1933 Totaled $21,578,196. I!p 7 imex Special CHICAGO. April 25 Stock holdings of the Union Pacific Railroad Company in the Chicago and Northwestern Railroad Company were cut almost half during 1933, according to the annual report of the company. Holdings by the company in the Baltimore and Ohio Railroad Company were reduced approximately one-third. The Union Pacific on Dec. 31 held .55.940 common shares and 24.190 preferred shares of the Baltimore and Ohio; 18.450 shares of Chicago, Milwaukee, St. Paul and Pacific preferred stock; 24.206 shares of Chicago and Northwestern common; 268.000 common and 98.270 preferred shares of Illinois Central; 200,000 sharer of New York Central; 108.100 shares of Pennsylvania, and 58.300 shares of the class (A) preferred stock of the Wabash railway. Earnings of the company during 1933 according to a preliminary report were $21,578,196, equivalent after dividends on preferred stock to $7.92 a share on the common against $7.49 a share in 1932.

TWELVE MONTHS PROFIT AMOUNTS TO $5,369,991 Pacific Lighting Corporation Shows Decline in Operating Costs. The report of Pacific Lighting Corporation and subsidiary companies for the twelve months ended March 31, 1934, shows net income of $5,369,991 after all charges, taxes and depreciation, equal after preferred dividends to $2.64 a share on the outstanding common stock, comparing with $5,097,957 or $2.58 a share in the twelve months ended March 31, 1933. For the calendar year 1933, balance was equal to $3.28 a share. The common stock is on a $3 annual dividend basis. Gross operating revenue in the twelve-month period ended March 31. 1934, amounted to $43,469,653. an increase of $208,456 over the comparable 1933 period, but a cecrease of $1,394,507 from the showing for the year ended Dec. 31, 1933. Operating expenses, amounting to $18,673,781 in the twelve months ended March 31. this year, were off $457,589 from the total for the like period last year and declined $299,241 from the total for the calendar year, 1933.

CONTINENTAL CAN NET PROFIT IS $7,942,941 Earnings During Y'ear Equivalent to 54.53 a Common Share. Bp Times Special NEW YORK. April 25.—Net income of Continental Can Company, Inc., for twelve months ending March 31, as reported to the New York Stock Exchange amounted to $11,770,762, which, after providing $3,827,821 for depreciation and federal taxes, left net earnings available for the common stock of $7,942,941, equivalent to $4.53 a share on 1.754,124 common shares of S2O par value outstanding. In the corresponding twelve-month period in 1933. net income amounted to $8,113,704. from which $3,185,760 was deducted for depreciation and federal taxes, leaving net earnings of $4,927,944, for 1.733,345 common shares of S2O par value, equivalent to $2.84 per common share. Net earnings reported for the calendar year 1933 were equal to $4.31 per share. BANK LOANS DECREASE SHARPLY: DEPOSITS UP Borrowings From Federal Reserve System off 5107.000.000. Bp Timex Special CHICAGO. April 25.—Loans and discounts of member banks of the Federal Reserve system in ninetyone leading cities in the United States dropped $107,000,000 in the week ended April 18. Loans on securities alone fell off $32,000,000. Money continued to pile up at the banks, however, investments gaining $9,000,000. A loss of SB,000.000 in government loans was more than offset by an increase of $17,000,000 in other securities bought.* Time deposits gained $19,000,000 during the week, and demand deposits moved up $64,000,000. Bank deposits increased $29,090,000. The government withdrew $68,000,000 of its deposits during the week. STOCKHOLDERS APPROVE RECAPITALIZATION PLAN Preferred Stock Voting Right Asked in Pick Company Program. Bp Timrx Special CHICAGO April 25.—Approval of the proposed recapitalization plan of the Aibeft Pick & Cos ‘was made by stockholders this week. The new plan calls for removal of the cumulative feature of the preferred stock until January. 1936. and gives the issue voting rights and a 'call price of sls. The company reports sales for the first quarter of the current year were $252,000* against $339,500 in the corresponding 1933 period.

THE INDIANAPOLIS TIMES

WHEAT PRICES OFF FRACTIONS ON LIQUIDATION Corn, Oats Slightly Higher; Cotton Deliveries Are Irregular. BY HARMON W. NICHOLS United Press Staff Correspondent CHICAGO. April 25. Further liquidation developed in the May delivery of wheat at the opening of the Board of Trade today and prices were % to cent lower. Corn and oats, however, resisted the depressing influence of wheat and held steady to a shade higher, both being unchanged to % cent higher. Rye followed wheat off % to % cent. Cotton deliveries were irregular at the opening, while stocks were steady. Liverpool wheat opened lower, influenced by the lower tendency in North American markets yesterday. Chicago Futures Range —April 25 WHEAT— Prev. High. Low. 10:00. close. Mav 75 .74% .74 s , .75* 2 July 75 .74% .74% 753.* Sept .76 Vi .75% .75% 7612 CORN— May 45 .43*4 .44% .44% July 47 * .46% .46% .47*4 Sept 49% .48 .48 1 % .4#% OATS— Mav 27% .26' „ .27 27''. July 28 .27% .27% .27% RYE— May 52% .51% .52 .53% July 54 .53 .53 % .54% Sept 55% .54% .54% .55% BARLEY— May 37*4 .36*4 .36% .37% July 38% .38 .38 .39% Sept ' .39% .41

Cash Grain

INDIANAPOLIS —April 24 The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b.. shipping point, basis 41 % New York rate, were: Wheat—Weak: No. 1 red. 65%®66%c: No. 2 red. 64%@65%c: No. 2 hard. 64%® 65 ’. zC. Corn—Weak: No. 3 white. 44®45c; No, 4 white. 436, 44c: No. 3 yellow. 416, 42c: No. 4 yellow. 40®41c: No. 3 mixed. 39%®40%c; No. 4 mixed. 38%®.39%c. Oats—Weak: No. 2 white. 26%®27%c; No. .3 white. 25%®26%c. Corn—No. 2 white. 3 cars; No. 3 white 2 cars; No. 3 yellow'. 2 cars. Total. 7 cars. Oats—No. 3 white. 1 car; sample white. 1 car. Total. 2 cars. Local Wagon Wheat City grain elevators are paying 64 cents for No. 2 solt red Wheat, otner grades on their merits. (By United Press) CHICAGO, April 24.—Cash grain: Wheat —Sample hard. 68%c. Corn— : No. 2 mixed, mainly white, 48c; No. 2 yellow. 47',-4® 48c; No. 2 yellow old. 47%®48c; No. 3 yellow. 48c; No. 2 white. 50%c: No. 3 white, 49%c; sample grade white, 42c. Oats —No. 2 white, 31%®32c; No. 3 white. 20%®30%c; No. 4 white. 28%4,29%c. Rye —No sales. Barley—Sales. 67c: quotable. 406,80 c. Timothy—s6.2s6T6.so. Clover seed $5.82; loose, $5.75; leaf, $5.75; S. bellies. $7.87. TOLEDO. April 24. —Grain close: Grain in elevators, transit billing: Wheat—No. 2 red. 78%®79%c. Corn—No. 2 veliow', 51*2 6,52%c. Oats—No. 2 white. 346, 35c. Rye —No. 2. 59®60c. Track prices, 28’,zc rate: Wheat—No. 1 red, 74%6,75c: No. 2 red. 73%6/74%c. Corn—No. 2 yellow'. 47®48c; No. 3 yellow'. 4667 47c: No. 4 yellow. 456,i 46c. Oats—No. 2 white. 30%®32%c: No. 3 white. 30® 32c. Seed close: CloverCash. $8.25. Alsike—Cash, $8.50. ST. LOUIS. April 24.—Cash grain: Wheat —ln fair demand. %c lower: No. 2 red. 76c. nominal: No. 3 red. 75%®75%c: No. 3 red garlicky. 74c: No. 2 hard. 76c. nominal. Corn—ln limited demand, %c higher: No. 2 yellow. 48%: no other sales. Oats —In limited demand. %c higher; No. 2 white, 31c. CHICAGO PRIMARY RECEIPTS —April 24 —Bushel—- . Today. Last w*eek. Wheat 289,000 224.000 Corn 243.000 370.000 Oats 225,000 164,000 N. Y. Coffee, Sugar Futures COFFEE —April 24 —Santos—- , , High. Low'. Close. 5 w .’. N27h .......1 SHRDLU U ULn March 11.55 11.46 11.55 Mav 10.81 10.66 10.80 Jul'.' • , 11.02 10.84 11.00 September 11,38 11.32 11.37 December ..... 11.51 11.36 11.48 —R io— January ... g 72 March BTS May 8.30 8.13 8.30 July 8.49 8.36 8.49 September 8.58 8.44 8.58 December 8.71 8.62 8.68 SUGAR High. Low*. Close. January 1 ei March 1.66 1.64 1.66 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 —Anril 24 CHICAGO High. Low. Close. January 11.94 11.73 11.73 March 12.05 11.82 11.82 Mav 11.51 11.22 11.24 July 11.66 11.38 11.38 October 11.81 11.53 11.55 December 11.89 11.63 11.63 NEW YORK January 11.90 11.62 11.63 March 11.99 11.75 11.79 Mav < 11.46 11.13 11.16 Julv 11.60 11.29 11.32 October 11.74 11.47 11.50 December 11.85 1*1.58 11.60 NEW ORLEANS January 11.84 11.60 11.63 March 11.99 11.75 11.71 Mav 11.48 11.17 11.19 Julv 11.61 11.30 11.33 October 11.7* 11.43 11.47 December 11.78 11.53 11.58 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 1.25 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 *in. NET EARNINGS HIGHER Beneficial Loan Corporation Profit Totals $1,236,088.20. C.i/ Timrx Special CHICAGO* April 25.—Beneficial Industrial Loan Corporation and subsidiary corporations report consolidated net earnings for the three months ending March 31, 1934, after all interest, amortization charges and provision for minority interest and federal taxes of $1,236,088.20. After the payment of dividends on preferred stock, Series A. net income applicable to the common stock amounted to $1,047,593.56, equivalent to 50 cents a share on the 2,092.444 shares outstanding March 31, 1934. This compares with 39 cents a share for the similar period of 1933. Cotton Consumption Gains Bu Timrx Special NEW YORK. April 25.—The New York Cotton Exchange announced that the world consumption of American cotton in March had a slight seasonal gain over February. The total was 1,177,000 bales, against 1.089.000 the previous month and 1,201,000 in March, 1933.

New York Stocks ■” — (Bv Abbott Hoppin A: 'o.) ————

AVERAGE STOCK PRICES FOR TUESDAY Net High. I *ow. Close, change Thirty industrials 106.19 104.70 105..71 —.31 Twenty rails 50.64 49.95 50.18 —.38 Twenty utilities 2C 53 26.19 26.32 -.22 Forty bonds 95.03 —.15 Ter. first rails 99.75 —.lO Ten second rails 84.57 —.22 Ten utilities 97.76 —.14 Ten industrials 98.06 —.14 —Off.

—April 25 Prev. Oils— High. Low. 10:30. ciose. Amerada ... i Atl Rfg ... 27% 28% Barnsdall ... 8% 8% Consol Oil 12% 12 ■* Cont of Del 22% 22% Houston mewl.. .. ... . 5 Houston toldi Mid Cont Pet 13% 13% Ohio Oil 13 Pet Corp ... . 12% Pnilltps Pet 20% 2U% Plymouth Oil 13% Pure Oil 12% Royal Dutch 33% Shell Un 9% okelley Oil . . 11 Soc Vac 16% 16% 16% 10% S O of Cal 35% 35% 35% 35% S O of Kan 39% ! S Oof N J 45% 45% i Sun Oil ... . 61 % 1 Texas Corp 26% 2b% i Tidewater Assn.. .. ... 13% 13% jUn Oil of Cal 17% 17% ! Steels—j Am Roll ills 24 24% Beth Steel 42 42% Byers AM ... ... 27% Cruc Steel . . 30% Inland Steel .... 45% 45 45% 45 Ludlum Steel .... 16% McKeesport Tin. .. ... ... 90 Natl Steel 49 Otis Steel ...... ... ... 6% Rep Iron & Stl 21% Rep Iron & Stl p 61 U S Pipe & Fdy 23% U S Steel 51% 51 % U S Steel pfd 95% Warren Bros . .. ... ... 12% Youngs n S & T 27% Motors— Auburn 41 Chrysler . 51% 52 Gen Motors 39% 39 39 39 Gen Motors pfd . . . . 101 Graham Mot ... 3% 3% Hudson ... 19% 19 Hupp .. . 5% Mack Truck .... . ■- . 32% Nash 23 % 23 23 23% Packard ... 5 5% Rco 4% 4% Studebaker ... 6% 6% Yellow Truck 5% 5% Motor Access— Bendix 19 18% Bohn Alum ... 64% 63% Borg Warner .... .. . 25% Briggs 18% 18% 18% 18% Budd Wheel 4% 4% Eaton Mfg ... 20% 21 Elec Auto Lite.. .. ... ... 26% Houdaille A 5% Mullins Mfg ... 15% Mullins Mfg pfd 45 Murray Body 9% Stew Warner 9% Timken Roll 35 Timken Det Axel 8% 8% Mining— Alaska Jun ... 20% 20% Am Metals ... 24% > 24% Am Smelt . 43% 43% Anaconda 16 Vi 16% 16% 16% Cal & Hecla ... ... 5% Cerro de Pasco . .. ... ... 35% Dome Mines 37% Granby 1114 11 Gt Nor Ore 14 14 Howe Sound ... ••• 50% Ins Copper 5% Int Nickel ... 28% 28% Int Silver 35% Osl Creek Coal ... ... 27% 27% Kennecott Cop .. . 21% 21% Mclntyre Mine. 46% 46% 46% 46% Noranda Cop ... 42% 42% Park Utah 4% Phelps Dodge ... • 17% St Joe Lead ... 22% 23 U S Smelters 124 Vanadium 26% Amusements — Croslev Radio 14% Fox Thea - • • - • • 16 Loews Inc .... 33% 33% 33% 33% Radio Corp BVs 8 RKO 3*4 Warner Bros ... 7% 7% Tobaccos— Am Snuff 56% Am Sum Tob - ••• 19% Am Tobacco B ... ... ... (2% Gen Cigars . ... 36% Ligg&Myers B ?a Lorillard 18% Reynols Tob B 43% Rails— Atchison 69 69% B & O • • 28% 29 Can Pac 16Vi 16% 16% 16 's Ch & Ohio • • • • 47 Chi & Gt W 4% Chi & Gt Wpfd 10% C M & St. P 6% C M & St P pfd. . . ■ 10% Chi N W 13% 13Va 13*/ 8 13% Dela & Hud 65 Del Lac & W 28 Grt Northern pf 29% Erie . 22% Erie pfd 27% Erie pfd ••• 2i% 111 Central 32*/2 32'2 K C Sou 18 Lehigh Valley JB% M K <fc T 11% M K & T pfd 30% Mo Pac . * 4% Mo Pac pfd ■ . •• • 7% N Y Cent ... 34% 34% 34% 34% N Y Chi <fc St L 26% 26 N Y C <fc St L pf 42 41% N Y New Haven .. ... ... 8% N Y Ont & West % Norfolk & Wes 180% Nor Pac 34% 34% Penn R R . 34% 34% Sou Pac 28% 28% 28% 28% Sou R R 32V4 32% Sou R R pfd 39 Union Pac 132% Wabash ... 4% West Maryland 15% Equipments— Allis Chalmer 19% Am Brake Shoe. .. ... . • 32% Am Car & Fdy 28*4 28% Am Car & Fd pf 52 Am Loco . 33 33% Am Mach & Fdy 17 Am Steel Fdy .... ... .•• 21% Bald Loco ... 14 14V4 Bald Loco pfd 62 62 Burroughs 15% Case J I 69 Cater Tract ... 32% 33_ Deere & Cos ... ... 23% Elec Stor Bat 44% Foster Wheeler 20 Gen Am Tk Car . 41% 41% Gen Elec 23 22% 22% 22% C ’n R R Sig 41 Int Bus Mach 144% Int Harvester 41% 41% Natl Cash Reg 19% 19 Pullman Inc ....*. *•• 58% 58% Rem Rand . ... 12% 12V4 Und Elliot 45 West Air B 32 Westingh Elec 4040 Worthington Pm .. ... ... 29 Utilities— Am & For Pwr 9% Am Power & Lit 9% AT&T ••• 122 Am Wat Wks .! ’’ ’ ’21',4 21% Brook Un Gas . 68% 68 68 69% Col Gas & Elec 15% 15% Col G & E pfd 75*4 Com & Sou 2% 2% Consol Gas * 38% 38% Elec Pwr fz Lit. .. ... . 7*% E P A Ii pfd 16*2 164 Int Hvdro Elec.. .. ... 8% 8% Int T & T 14% 14% Lou G& E A .. .. ... 18 18% Nat Pwr & Lit.. . . . 11% North Amer 19% 18% 18% 19% Pac G & E 19% 19% Peoples Gas .... ... ... 38% Postal Tel pfd 24 Pub Serv N J - 39 So Cal Edison 18% 18% Std Gas ... ... 13% Std Gas pfd 15% Stone & Webster 9% 9% United Corp 6% 6% Un Gas Imp ...... ... 17 16% Ut Pwr &: Lit (A) 3% 3% 3% 3% Western Union 53% Rubbers— Firestone 21% 21% 21% 22 Goodrich 16% Goodyear .. 37 37 Kelly Spring ... 3% 3% 3Vi 3% U S Rubber . T 23 23 U S Rubber pfd . 57% 56% 56% 57% Miscellaneous— Am Bank Note 22% Amer Can ... ... 103 Anchor Cap ... . ... 22% Brklyn Man Tr ‘. 37% 37% 37% 37% Conti Can \. 81% 83*4 Crown Cork 32% 32% Curtis Pub 27% Curtis Pub pfd 78 Eastman Kodak 94’ i 93% ‘ Gillette *ll% Glidden 27% 28 Inter Rapid Tr 9 Owens Bottle 87 Raybestos Mfg 20% Foods— Amer Sugar 50% Armour (A * 6% 6% 6% 6% Beatrice Cream'y .. ... . 17' Borden Prod 25% 25% Cal Packing 29*4 Can Dry G Ale 28’a Coca Cola 126 Cont Bak (A) 12% 12% Corn Prod ... 75 Crm of Wheat j.. 33% Cuban Am Sug f 7% 7% Gen Foods 35% 35% Gold Dust 22% G W Sugar 30 Hershev 61 % 62% Int Salt 29% 29% Loose Wiles 42% 42% Natl Biscuit 43% 43% Natl D Prod 17% 17*4 Spencer Keliog 211 Puritv Bak ... 17% S Porto R Sug 32 3 4 Spencer Keliog 27% Std Brands 21% Un Biscuit 28% 28% United Fruit 75% 75% Ward Bak *•A" 9% Wrigley ... 63% Retail Stores— Ass Drv Goods 16% 36% Bert & Cos 33% First Nalt Store 67 Gimbel Bros 5% Gr Un Tea 7% Hahn Dept Sts ... 6% Jewel Tea 51% Krcsge S S 20% Kroger Groc ..... ... 33% 33 Macy R H 43% 48V. Marshall Felds ... 18 May XXpt St 44

Mont Ward 31% 31% Nalt Tea 1?% Penny J C - • 65 Safeway St 55% 55% 55% 55% Sears Roebuck 49% 50 Woolworth 53% Aviation— Aviation Corp 8 Curtiss Wright ... ... 4 4 Curtiss WrigntA ... ... 10% 10% Douglas Air 23% Nor Am Av ... . 6% Speery Corv . ... ... 10% 10% Unite Aircraft 23% 23% Wright Aero 57 Chemicals— Air Reduction 100% Allied Chem . Am Cm Alcohol 48% Col Carbon .. 75% 75 75% 75 Com Solvents 28 27% 27% 27% Dupont ••• 96% 97 Freeport Tex ... . 45 Liquid Carb ... 34% 34% 34% 34% Math Alkali 35% 36 Natl iDs (newt.. - ... 30% 30% Scheneley Dist . 34% 34% 34% 34% Tex Gulf Sulph.. .. ... . 37*z Union Carbide 45% 45% U S Indus Alco 52*z Virg Ch 6% pfd 23% Drugs— Cotv Inc .. ... 6% 6% Lambert 27 27 Lehn & Fink ... . 23% 23 Un Drug 17% 17% 17% 17% Zonite Prod ... 7 6% Financial— Adams Exp ... ... 10% 10 Allegheny Corp. .. ... 3% 3% Am Int Corp 8% Chesa Corp 47 Lehman Corp ... 73% 74 Transamerica ... 7% 7 Building— Am Radiator ... . 15% 15% Gen Asphalt 23% 23% 23% 23% Int Cement .. . 30% Johns Manville 57 57 Libby Owens Gls 37!2 37% 37% 37 Otis Elev 16% 16% Ulen Const 3% Household — Col Pal Peet 17 17% Congoleum . . 28 Kelvinator 19% 19% 19% 19% Mohawk Carpet .. ... 21 21% Proc & Gamble 37 Simmons Bed 20% Textiles— Belding Hem 14% 14% Celanese Corp .. 351% 34% 35 36 Collins Aikman 24% Gotham Hose . . 10% Indus Rayon ... 82% 80 80% 83% Kavser Julius 17% 17% Real Silk 12% 12%

New York Curb (By Abbott. Hoppin & Cos.) —April 24 Close Close. Allied Mills .. B%;Ford of Europe 7% Alum Cos of Am 78 iGen Aviation 6 Am Syanide B 22% Glen Alden Coal 17% Am fc F P W 6% Gulf Oil of Pa. 66% Am Gas & El . 28% Hiram Walker . 41% Am Superpower 3% Hud Bay Min . 13% Ass Gas Sz El . 1 Humble Oil 45% Atlas Corp ... 13%IImperial Oil Ltd 14% Axton Corp . 13% Int, Petrol . . . 26% Axton Fisher T 62%'Lake Shore M 42V Brazil Tr & Lt 10% Libby McNLibby 63/„ Can Ind Ale A 13*,2 Lone Star Gas . 6%Can Marc .... 3 Natl Belas Hess 3% Carrier Corp... STLNia Hud Pwr 6% Cities Serv . . 3 Ban Am Airways 40 Common’th Ed 57%iPark Davis 24% Consol G of B 59 Penn Road . 3% Cord Corp .. 6'4'St Regis Paper 4% Creole Petrol • 12%iSal Creek Prod 7 Crown Cork Inti 7% Sherwin Wms . 68% Deere fc Cos . 28%;Std of Ind ••• 27% Distillers Lim 23% Std of Ky 16% Distillers Corp. 19%iTechnicolor Ind n ", Dow Chem . 82 Teck Hughes G 6% El Bond fc Sh. 17% 1 TTn Gas 3V Fisk Rubber 17% Un Pwr & Lt A Ford of Can A 23%l Wright H Min 9% Treasury Statement (By United Press) WASHINGTON. April 25.—Government expenses and receipts of the current fiscal year to April 23. compared with the corresponding period of the previous fiscal year: This vear. Last vear. Expenses. $5,724,115,612.23 $4,126.7^9.669.93 Receipts. $2,454,041,061.93 $1,612,156,459.94 Deficit . . $3,270,074,550.30 $2,514,573,209.99 Cash balance $4,357,035,073.47

Chicago Stocks ~ (By Abbott Hoppin & Cos.) ~~ —

—April 25 High. Low. 12:00 Adams Mfg. 14% Allied Products ■ 17% Bendix Aviation 18% 18% 18% Bog-Warner ... 25% E. L. Bruce Cos 13% Butler Bros 12% 12 12 Berghoff's 8% 8% 8% Chicago Corp. Com .. .. .. 2% Cities Service 32% 2% Cord Corp 6 5% 5% Electric Household .... .. 13 Crane Cos 10 9% 9% Great Lakes Aircraft... % % % Great Lakes Dredge ... 20% 20% 20% Gen Hse Hold Util ... 14% 14% 14% Iron Fireman ... 14% Kingsbury 6% Libby-McNeil ... 6% Marshall Field 18% Middle West Utilities .... ... % Midland United % National Standard . 26 Noblitt Sparks Ind Inc 14% Parker Pen ... 8% Prima Cos . ■ ■ 9 Swift & Cos 18 17% 17% Swift International ..31% 31 31 Utility & Ind.. pfd 4% 4% 4% Vortex Cup Cos 11% 11% 11% •Henith Radio ... 3%

Bright Spots (By Abbott. Hoppin fc Co.l*“

Atlas Powder Company earned 92 cents a share on the common stock in the March quarter against a loss of $8,031 in like quarter of 1933. Burroughs Adding Machine declares regular quarterly dividend of 10 cents a share. Sweets Company of America report a profit of SIB.ISO for March quarter against a net loss of $39,441 for first quarter of 1933. Southern Pacific carloadings were 21375 cars for week ending April 21, against 20,725 cars for previous week. Commonwealth and Southern for twelve months ending March 31, 1934 earned less than a cent a common sfyare against a profit of 4 cents a share for the previous twelve months. Youngstown Ohio Sheet and Tube reports plant operating at 49 per cent of capacity. Union Taciflc March net operating income reaches $1,514,372, against $660,592 for March of 1933. Norfolk & Western declares regular quarterly dividend of $2 or. the common stock. Bohn Aluminum and Brass shows a net profit of $1.84 a share for the first quarter of 1934 after charges, against 28 cents a share for the first quarter of 1933. International Silver Company earned 95 cents a share of the 7 per cent preferred stodT. for the first Quarter against a net loss of $362,319 for the like Quarter in r 933. Allis Chalmers march quarter shows a net loss of $677,153. against a net loss of $869,986 last year. Illinois Central system March net operating income totaled 51.446.441, against 5732.022 profit for March, 1933. Curtiss Publishing Company reports that they earned $1.68 a share of the 7 per cent preferred stock for the ffTst quarter of this vear. against $1.21 a share for the first quarter of last year. FINAL ACTION IS TAKEN Sale of Chicago Ice Firm’s Bonds and Notes to Begin Soon. Bp Timrx Special CHICAGO. April 25.—Foreclosure proceedings for first mortgage sinking fund bonds of 1938 and threeyear 6 per cent notes due in 1931 of the Chicago Artificial Ice Company have been started, a reorganization committee has advised bond and note holders. The committee plans consuination of the reorganization at the earliest possible date. Receiver of the firm announces net income during 1933 totaled $70,617. Business Failures Increase Bp Timex Special CHICAGO. April 25—Business failures, according to reports from Dun Sc Bradstreet, Inc., totaled 265 for the week ending April 19, as compared with 251 failures and 226 for the preceding weeks. The recent increase was reported to be mainly in the Pacific coast states.

ISSUES DISPLAY UNEVEN TREND; SILVER SLUMPS Railroads Report Gain of 3.3 Per Cent in Week's Carloadings. RY ELMER C. WALZER United Tjcss Financial F.ditoi NEW YORK. April 25. Silver metal, which lost as much as 205 poirts in yesterday's trading, con- ; tinued its descent today, while tohe | stock market regained its equilibrium. and bonds also steadied. Losses in silver metal ranged to 100 points, or 1 cent, an ounce. Selling in the metal was coming from the list of those whose names were published yesterday as silver holders. Word from Washington that I the silver bloc would try to force silver legislation failed to stem the decline. The stock market moved in a fractional area with about as many gains as losses. There was no particular feature and volume was small. | Small advances were noted in United States Steel. Standard Oil of New Jersey. Standard of California. Allied Chemical, United Gas Improvement. General Electric, Texas Corporation, New York Central and Montgomery Ward. United Carbon made anew high for the year at 45 %. up % point. Among issues to register small losses were International Nickel. International Telephone. Bethlehem Steel. Union Carbide. Atchison. Consolidated Gas. Sears Roebuck and American Smelting. Business news was favorable, including sharp gains in steel operations. and electricity output. The first twelve railroads to report loadings for the week ended April 21 showed a gain of 3.3 per cent over the preceding week and a gain of 15.5 per cent over the corresponding week of 1933. Money and Exchange INDIANAPOLIS RANK CLEARINGS —April 21— Clearing* $1.805.009.(Mi Debits .3,983,000.00 FOREIGN EXCHANGE (By Abbott. Hoppin & Cos.) —April 24Close. Sterling. England $5.15% Franc. France 0666 Lira. Italy 0357% Belgias. Belgium 2362 Mark. Germany 3951 Guilder. Holland 6826 Peseta, Spain 1380 Krone. Norway 2589 Krone. Denmark 2302 Yen, Japan 3031

Bond Prices

!Bv Fenner & Beane) (By Fenner fc Beane) —April 25High. Low. 10:30. Alleg Corp 5s 'SO 44'Am & For Pwr 5s 2030 57 56% 57 A T & T db 5s '65 108 Atchison Gen 4s '95 .. 101% 101 101% B fc O cv 4%s '6O 70 69% 70 Can Pac 4s 39 80% 80 80% C fc O 5s A '57 . 110 CMStPA-P adj 5s A 2000 18% 18% 18% C M St P fc P rs 5s A '75 55 Con Gas N Y 4%s ’sl 104 103% 103% Erie R R. rs 5s '67 79 78% 79 French 7s '49 178% Goodyear 6s '57 ... 99% Gt Nor 4%s D '76 86% Gt Nor 7s A '36 .. 98% 98% 98% Interboro R T 5s '66 71 % 71% 71% McKess fc Robb 5%s 'SO 84% 84% 84% Nat Dairy db 5%s '4B .96 95% 96 N Y Cent 4%s O 2013 80 79% 79% Nor Am 5s '6l 90% Para Pub 5%s 'SO si % Penn R R 4%s D 'Bl . 96 Poland 7s '47 99% 99% 99% Royal Dutch 4s A '45 127% Shell Un Oil 5s '47 .... 98 Sin Cons 6%s B '3B ... 104% 104% 104% Texas Corp 5s '44 .. 102% 102 102 Tob Pr N J 6%s 2022 107% Un Pac Ist 4s '47 ...104% 104% 104% U S Rubber 5s A '47 89 88 88% Vanadium 5s '4l 88 Western Un 5s 'sl 93% U. S. GOVERNMENT BONDS (By United Pressi NEW YORK. April 24.—Closing Liberties. (Decimals Represent 32nds.) —Liberty—--3%s (32-47) 103 31 First 4%s 132-471 IP3 29 Fourth 4%s (33-38) 104.4 —Treasury—--4%5, 3'is (45) 102.18 4V 4 s (47-521 110.28 3%s (43-47) 103.2 3%s (40-431 June 103.19 3'is (411 103.16 3%S (46-49 101.7 3s (51-55) 99.30 FEDERAL FARM LOAN BONDS —April 24 (By Blyth & Cos., Inc.) 4s Nov. 1. 1957-37 l’o() d ’ 100% 4s May 1, 1958-38 100 100% 4' 4 s July 1. 1956-36 100% 101 4'4s jan. 1. 1957-37 100% 101 4%s May 1. 1957-37 100% 101 4%s Nov. 1. 1958-38 100% 101 4%s May 1. 1942-32 100% 100% 4%s Jan. 1. 1943-33 100% 100% 4%s Jan. 1, 1953-33 99% 100% 4%s Julv 1. 1953-33 99% 100% 4%s Jan. 1, 1955-35 100% 101 4%s July 1. 1955-35 100% 101 4'is Jan. 1, 1956-36 100% 101% 4%s Julv 1. 1953-33 100% 101 4%s Jan. 1. 1954-34 100% 101 43, s Julv 1, 1954-34 100% 101 5s May 1. 1941-31 101% 102% 5s Nov. 1. 1941-31 100% 100 s ,a —Home Loan—--4s Julv 1. 1951 101 101% —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 Investment Trust Shares (By Abbott. Hoppin & Cos.) ' —April 24 Bid. Ask American Bank Stocks Corp 1.24 1.29 American fc General Sec A . 500 700 American fc Inv Tr Sh 1.75 Basic Industry Shares 3.58 3.64 British Type Inv Tr Sh 50 .60 Collateral Trust Shares A 5.00 5 12 Corporate Trust Shares 1 old 1 2.20 2.24 Corporate Trust Shares (new) 2.43 2.52 Cumulative Trust Shares 430 Diversified Trust Shares A ... 625 Diversified Trust Shares B .. 812 8.25 Diversified Trust Shares C .. 331 3.35 Diversified Trust Shares D .. 5.00 5.12 First Insurance Stock Corp .. 1.33 1.39 First Common Stock Corp 83 .86 Fixed Trust Oil Shares A . . ® 80 Fixed Trust Oil Shares B ... 7.75 Incorporators Investments ... 19.12 19 37 Land Bank Bond Shares 1.16 1.29 Low Priced Trust Shares .... 6.65 6.80 Mass Inv Trust Shares 19.85 21.58 Nation Wide Securities . ... 3.56 3.64 North Am Trust Shares (53).. 1 95 200 North Am Trust Sh <55-56) . 251 2.55 North Am Trust Shares 'SB). 2.58 264 Selected American Sha.es 2.70 Selected American Shares Inc 1.27 1.32 Selected Cumulative Shares . 6.95 Selected Income Shares . 3.90 4.20 Std American Trust Shares A 3.13 3.17 Trust Shares of America. .... 2.98 3.04 Trustee Std Oil A 5.75 5 95 Trustee Std Oil B 5.25 5.37 U S Electric Lt fc Pwr A . 13.12 13 37 Universal Trust Shares 3.18 3.24

BUILDING AWARDS CLIMB Engineering Construction in Week Totals $32,248,000. Bp Timex Special NEW YORK, April 25.—Heavy public works awards bring this week's engineering construction total up to $32,248,000 the second highest week of this year, as reported by Engineering News-Record. CWA work has not been included in the Engineering News-Record figures. This week's engineering total represents a gain of 27 per cent over last week and 323 per cent over the corre'ponding week last year. Public awards are the highest for the year. $30,051,000. of which federal contracts total $12,780,000 and state and municipal. $17,271,000. Public buildings and ''unclassified” projects are responsible for this gain, the former with $11,146,000 under contract and the latter $10,075,000. Highways dropped back again to $5,500,000 for the week.

PAGE 13

Wall Street Roosevelt's Stand Against Inflation Brings Up Many Questions. BY RALPH HENDERSHOT

Timr* Sppcia! Financial Writer. PRESIDENT ROOSEVELT'S stand again.it additional currency inflation presents some rather complicated situations. It was m line with Wall Street's hopes and expectations. ,but it does not settle things very satisfactorily. The silver bloc and the so-called inflationists are said to be ready to oppose the chief executive, and thete are those who believe they can put the legislation through despite his opposition.

A strong possibility exists, of course, that a compromise measure may be effected. The Pres id ent is reputed to be ready to compromise to a certain degree. He has talked with Father Coughlin about the matter, and he also has been in a huddle with the group favoring the DicsThomas meas-

Ilendershot

ure. He succeeded in holding the insurgents off a few months ago by similar methods, and he may be able to do so again. Assuming the silver legislation is not enacted, there would still be a wide difference of opinion as to the probable effect on business. Those who have witnessed the spurt of trade since revaluation of the dollar probably would figure the peak of prices and activity had been, reached and that a leveling development from here or possibly a slump as soon as government expenditures began to wane. a a Fear Increase in Taxes If the federal spending continues for any length of time it probably would be argued that the resultant increase in would hold trade back materially. Inflation, of course, would relieve the tax burden by financing government works with newly printed money. Such a stand probably would be wide of the mark. We have not yet reaped the full benefits of dollar devaluation and probably will not until it has been fairly definitely proven that we will have no further inflation and no further reduction in the gold content of the dollar. The money sent out of the country some months ago has remained away but probably will be back sooner or later. England has been attracting much of the world's floating wealth and England has been more prosperous than usual of late. She has not experienced the lack of credit we have in the United States. But once monetary policies have been definitely established in the United States it is fair to assume that money will flow back into this country in large amounts. This should go a long way toward relieving the credit strain. n a a Long-Term Credit Needed BUT easement of the provisions of the Securities Act of 1933 would be needed to give the effect of this development full play. In fact, such casement would help materially in that direction at the present time. We ra not hope to have the proper flow of short-term credit until long-term credit is again moving smoothly. Many bank loans to industry are granted on the basis that they will be refunded into long term loans when market conditions warrant. The market for bonds has improved to an important degree in recent months. It is reported, in fact, that there is a shortage of the better grade liens at the present time. Many corporations need to refund maturing bonds, and their inability in most cases to do so is causing them to hold all available earnings for retirement purposes. This money ordinarily would be used for other purposes, which would help general trade. Births hospital and ° raCe Ncw'and. St. Vincent fcfep ass: gs sssat min'hSSttf'" Cr “">' d ' Co'** Eleventh Wd Martha Va "ghn, 702% West! Seventeenth Fl ° r ° nce Weavcr ' 1123 East ' Sou?h ge Ho!m 8 e" and JOSephlne Pur “hia. 504 Morris and Lenora Everett. 29)6 Wood State ler Bnd Mabel Pow ell, 2010 Soutli Waiter and Mabel Wilson, 2509 Sangster. Rot and Geneva Hamer. 1555 Sheldon Dale and Dorothv Pond, 2139 Avondale. .. u Boys hospital 3nd He ’ en J ° ni!S ' St ' Vincent ' hospYtah and DaiSV Shirle ' - ’ St. Vincent pita!° Ver Bnd Mary Vincen l City hospii A a r i thUr and Beulah McGuire, City hosRaloh o a Ji. d Mn a J , f, „ hnson - City hospital. sa‘5 a ‘D h , a ’?1 T -K P i lllP Merzeer. Cit.v hospital. pitai rd and The ma Bcech e r , Coleman hos- .. James and Helen Bradley, Coleman hosDita I. Elza and Flossie Cov. Coleman hospital Lawrence and Evelyn Golay. Coleman hospital. Joe and Jessie Kissick. Coleman hospital. Paul and Fern Weir. Coleman hospital. .Thomas and Neoma Mitchell, 2440 Ralston. Clarpnce and Edna Culver. 61 South Missouri. Hollis and Marie Kennedv. 1338 Eugene. Herbert and Eddeth Meadors. 217 Blake. Edward and Susie Mathev.s. 925% North West. Joe and Hattie Lambert. 3851 Spann. Edward and Edith Knight, 1427 West Thirty-third August and Ruth Wood, 737 South Missouri.

Deaths Albert Stultz, 45. Methodist hospital, | toxic thyroid. Edith A. Traylor, 74 410 Minkner, pul* : monarv tuberculosis | Ignatius Strack, 77. 406 North Dequincv. | uremia. Frank Schmidt, 65. 223 North Dickson, cardio vascular renal disease. Alice Christy Dowden, 84, Lincoln hotel interstitial nephritis. Benjamin Moreillan, 58, city hospital, uremia. Robert Brown, 28. 612 Ogden, broncho pneumonia. Mary Joe Grundv. 56. 2710 North Oxford, broncho pneumonia. Max Von Oe.ven, 85, 544 Highland, chronic myocarditis. Frank Martin. 57, city hospital, hvpostaUc pneumonia. Cornelius Jones. 77. 3910 West Vermont lobar pneumonia Hazel Stogsdill, 2. 419 Ketcham. lobar pneumonia. Theodore Oskald Weber. 69. 934 North Tremont, chronic myocarditis Laura Ann Shuev 63. 3233 Boulevard place, coronary occulsion. Alberta Cowherd. 34. city hospital, dia. betes mellftus. Josephine Poole. 37 Central Indiana hospital, general paralysis. Katherine M Moran. 64. 4502 Washington boulevard, carminoma. Hazel L. Belschwender. 47, Methodist hospital, endocarditis.

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