Indianapolis Times, Volume 45, Number 301, Indianapolis, Marion County, 27 April 1934 — Page 23

APRIL 27,1934.

Wall Street Publication of Names of Silver Holders Gives Unfair Impression. —BY RALPH HENDERSHO?

Tlmn Special Financial Writer. T)UBLICATION of the names of some of those who hold silver in this country created quite a stir in Wall Street and apparently other quarters also. It is quite possible —in fact, probable—that altogether too much importance has been placed on the development. It is interesting, of course, to leant the

identity of those who hold the metal. But it also would be in terestintj to some people to know' the names of all those who have warts on their noses. Apparently an attempt is b°ing made to create the impression that the ownership of silver is illegal, un- j sportsmanlike or i something. Just; how this could!

Hendershot

be true is not entirely clear. The object, in all probability, is to build up a case against the adoption of silver as a money base. And in doing so, care seemingly was taken to make sure that all of the facts w’ere not revealed. One of the banks mentioned, for instance, happens to be the depository for the New York Metal Exchange. It is merely holding the metal in trust for that exchange. Assuming the action was a political move, the particular bank upon which reflection was cast would not appear to suffer in comparison with those who are oointing their fingers. It is not an especially nice thing to make unjustified accusations, even if only implied. against innocent people or institutions merely to make political capital. It is even worse to do such a thing when those accused do not have equal means of self-de-fense. m n u MUCH was made of the fact that the firm of a broker who has been prominently identified with the inflationary forces and who is a strong silver advocate, held 25.000 ounces of the metal. In dollars and cents that silver was worth approximately SIO,OOO at last nights closing levels. It is the smallest silver contract that can be made on the New York exchange, and the margin requirement would be $1,250. The broker is a wealthy man and has spent, much more in furthering his beliefs in the matter than he possibly could hope to make in profits from this contract. While, by the wildest stretch of the imagination, it might be made to appear that the particular broker in question was championing silver legislation with a view to making a personal profit through the silver holdings of his firm, in which there are other partners, such a charge could hardly be lodged against the bank already mentioned. The senior officer of that bank has been one ot the strongest opponents of inflation, and he is equally opposed to the Dies-Thomas bill. ana THERE are many sound and legitimate arguments which can be advanced against the proposed silver measure, just as there are arguments which may be made in its favor. Fundamentally, however, nothing is to be gained by dragging in outside factors, which are not supportable. and much harm might be done. Anything which tends to cause distrust of our leading institutions certainly is of no help to business or to the general desire to pull out of the depression. Produce Markets Delivered in Indianapolis erne*-Hens 11c. Leghorn hens 8c Leghorn spring-er-stacs. 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: voting 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. 25® 26c. No. 2 23®24c; butterfat. 21c.— Quoted bv Wadlev. ißy United Pressl CHICAGO. April 27 Eggs Market, steady; receipts. 35,551: extra firsts. 16%c; fresh graded firsts. 15%e; current receipts. 14%c: dirties. 13%c: checks, 13c. Butter Marker, steady; receipts. 11.593 tubs. e\tra firsts. 90-91%c score. 23®23%c: firsts. 88-89' 2 score. 22',©22%c: seconds. 86 *r 87' 2 score. 22c; extras 92 score. 23' 2 r: specials. 24©24%c: standards. 23%c Poultry Market, firm: receipts 18 trucks. 1 car: hens. Leghorn. 14c: old roosters. B' 2 e: springers, white rock. 25c: Plymouth Rock. 25%f: geese. 8c: broilers. Plymouth Rock. 1-2 lbs . 24c: capons. 22c: turkeys. 20c: fryers, white rock over 3 lbs . 26'-c: heavy ducks, 13c. Cheese Twins. 11' • © 11' 2 c: Longhorns Daisies. tl%©l2c. Potatoes -Old stock supply moderate: demand good: trading light; market, firm: Idaho Russets 1 car *1 70. 2 cars $1.75. 1 car $1 *0 IT. S No 2 1 car $1 40. combination grade 2 cars $1 60. Washington Russets 1 ear $1.70. combination grade 2 cars $t 65; Wisconsin Round Whiles 1 car. *t 30 Red River section Minnesota and North Dakota Cobblers 1 car SI 20 1 car $1 30 New stock: supply moderate: demand moderate: practically no trading: two few on sale to quote. Shipments 819. arrivals 44. on track 254. CLEVELAND. Apiil 27 Butter Market, firm, extras. 27' 2 c: standards. 27%c. Egg* Market, firm: extra white 15c: current receipts. 14' 2 c. Poultry Market, firm: colored fowl. 4'.- lbs. and up. 17c; colored fowl, medium. 18c. Leghorn fowl. 3'; lbs and tip. 15c: Leghorn foal, light. 14c: broilers colored, ordinary. 20 a 23c: old roosters. 10c; ducks, white, 5 lbs and up. 19c; broilers, fanev Rock. 25'026c: broilers. leghorn. 21 ft 22c; stags. 13c Potatoes Maine mostly. *2 10© 2.15 per 100 lb sacks: Idaho. *1.85491.90. New York and Ohio best, f1.654i1.75. NEW YORK April 28 Pota’oes Steady: Long Island t1.50® 3.25 bbl.: Southern *2.75114.75 bbl : Maine, *IIOS3 25 bbl : Idaho. $2 sack. Canada 51.85©325 bbl Sweet Potatoes steady Jersey basket. 50c <B*2 southern basket. *1 25 <j! 60, Flour— Steady springs, patents $6 15© 645 bbl. Pork-Steady. Mess S2O 25 bbl Lard, dull. Middle West Spot—s 4 05© 415 per 100 lb*. Dressed Poultry Firm: turkeys 14@25%e: rhickens t 0' 2 328 c broilers. 20 82*c; capons. 21iil3c- fowls 16@21e: Long Island ducks. 15'.->il6c Live Poultry -Firm; geese 6®7r turkers 10© 22c .outers. 8c ducks. 8 a l2c sow ls. 1915 20c •isltkrns 9811 c: capons. 22c. broilers 12 $240 Cheese- Dull: state whole milk; fancy tn specials. 18819 c: Young America. 12%®13r Stffl Fabrication Rises By Timet Special NEW YORK. April 27—The Edward G. Budd Manufacturing Company fabricated 18.500 tons of steel in the first quarter of this year, compared with 6.000 tons in the first quarter of last year, a company report said today. The increase was due to a greater demand for allsteel automobile bodies. Fire Reports Thursday 55* a m 38 West Twenty-first residence. 8200 11 M a. m . 1104 West New York, residence, no loss. 1 09 p. in . cut hospital, false alarm. 10 46 p m 1328 Bates, false alarm li ft p m. Lexington and Villa, false alarm Friday 12 a a m Lexington and Laurel, false alarm 12:Sf a. m 238 East St. Joseph, residence, small loss 12 58 a. m 335 East Washuigton, furniture store false sprinkler alarm.

STOCK SHARES SHOW STEADY TRADING RANGE

Cotton Values Drop 1 to 3 Points as U. S. Dollar Strengthens. BY ELMER ( . WALZER I nited Press Financial Editor NEW YORK. April 27.—The stock market opened steady today; silver advanced a few points; cotton eased 1 to 3 points; bonds declined, and the dollar firmed. Trading was quiet in the share market. The commodity market was slow. As in yesterday’s opening session, a long list of representative shares began at their previous closing levels. These included Public Serv- 1 ice of New Jersey, International Nickel. Montgomery Ward, United j Aircraft, Standard Oil of New Jersey. North American. International Telephone. Bethlehem Steel, Atchison, Westinghouse Electric. Kennecott and National Distillers. American Commercial Alcohol rose IN points to 43 in anticipation of a favorable earnings report. Celanese continued to decline, making anew low for the year at 32’i, off Fox Film opened 2,000 shares at ! 17%, unchanged, and then sank to 16% from which it gradually re- ! covered. It was learned today that the Chase National bank has made arrangements for sale of 200.000 shares of Fox to a British company in addition to giving options for purchase of 200,000 additional shares. Oil shares were mixed, utilities steady, motors about steady, and steels easier. United States Steel opened at 49%, off %. and Republic 21%, off •%. Railroad issues firmed. Trading was dull after the opening. Prices moved in a narrow range. Chrysler rallied. Consolidated Gas held at 36. off %. United States Smelting was unchanged at 119. and other mining issues were mixed. Steel common regained its initial loss shortly after the opening. Money and Exchange INDIANAPOLIS BANK CLEARINGS April 27 ■ Clearings .. $1,659,000 00 Debits 4,734,000.00 FOREIGN EXCHANGE (By Abbott. Hopkin ft Co.i - April 26 Close. Sterling England *5.15% Fianc. France 0664'4 Lira. Italv 0856% Belgias Belgium : 2354 1 a Mark. Germany 3968 Peseta. Spain 1377 K’one. Norway 2580 Krone Denmark 2295 Yen Janan 3038 Bond Prices ißy Fpnner & Beane ~~~~ — ' —April 27High. Low. 10:30. Alleg Corp 5s 'SO . . . 45 Am & For Pwr 5s 2030 . . . 56 1 i A T A- 1 db 5s ’65 107% Atchison Gen 4s 95 101' 2 101' 4 101 1 a B A- O cv 4%s 60 . . 70' 4 70 70 Can Pac 4s 80' 2 80% 80% CA:O 5s A 47 108% 107% 108% CMStPA-P adj 5s A 2000 18% 18 18 CMStPAP rs 5s A 75 43% 43% 43% Con Gas N Y 4%s 'sl . . 103% Denmark 5%s '55 90% Erie R R rs 5s '67 77% 77% 77% tioodvear 5s '57 99% 99% 99% Gt Nor 7s A '36 . 99 98% 98% Interboro R T 5s '66 . 70% 70 70 Int TAT db 5s '55 65% 65% 65% McKess A Robb 5%s 'SO 83% 8.3% 83% Nat Dairy db 5%s '4B 94% 94% 94% N Y Cent 5%s O 2013 80% 79% 80% , Nor Am 5s '6l 90 Penn R R 4%s D 'Bl . 96% 96% 96% Poland 7s '47 101 Sin Cons 6%s B '3B 104% Texas Corp 5s 44 102% 102 102% Tob Pr N J 6' ?s 2022 . 107% Un Pac Ist 4s '47 104% U S Rubber 5s A 47 88% 88 83% Vanadium 5s '4l ... 88 Western Un 5s 'sl ... ... 95 Ygstwn S A T 5s R 70 86% FEDERAL FARM LOAN BONDS (Blythe A Cos.. Inc.i —April 26 Bid Ask 4s Nov 1 1957-37 100 100% 4s Mav 1 1958-38 100 100% 4%s July 1 1956-36 100% 100% 4%s Jari. 1 1957-37 100% 100% 4%s Mav 1 1957-37 100% 100% 4%s Nov. 1 1958-38 100% 100% 4%s Mav 1 1942-32 100% 100% 4%s Jan. 1 1943-33 100% 100% 4%s Jan. 1 1953-33 99% 100% 4%s Jlliv 1 1953-33 99% 100% 4%s Jan. 1 1955-35 100% 101% 4%s July 1 1955-35 100% 101% 4%s Jan. 1 1956-36 100% 101% 4' is July 1 1953-33 100% 101 4 '4s Jan. 1 1954-34 101% 101 4%s July 1 1954-34 101% 101 :5s May 1 1941-31 101% 102 5s Nov. 1 1941-31 101% 102 —Home Loans—--4s July 1 1951 100% 101 —Federal Farm Mortgage Corporation—- ■ 3%s March 15. 1964-44 101 101% FIDELITY INVESTMENT RESOURCES INCREASE New Business lfi Per cent Higher; Loans Drop. I By Time* Special NEW YORK. April 27.—Consolidated statement of the Fidelity Investment Association and the Fidel Association of New York. Inc. as of March 31. 1934. shows total resources of $24,482,649. compared with $24,285,057 as of Jan. 1, 1934. a gain of $197,591. Bonds held increased from $16,625.702 to $17,299,357, a gain of $673,454. Loans to contract holders were ! reduced from $3,950,874 to $3,694,327. ! a reduction of $256,547. Appraisal of securities held by the j two associations shows an increase i in market value as of March 31. 1934. of $2,600,000 compared with the market value as of Jan. 1. 1934. New business in the first quarter I of 1934 showed an increase of 16.7 per cent over the last quarter of 1933. There has been a decided decrease in the applications for loans on contracts. WESTINGHOUSE ORDERS CLIMB 57 PER CENT Electric Company Earns $20,237,588 During First Quarter. HP Ti me* Special CHICAGO. April 27. —Westinghouse Electric and Manufacturing Company received orders totaling $20,237,588 during the first quarter of the current year, it was announced this week by company officials. The figure showed an increase of 57 per cent over the same period of last year when orders totaled $12,847,801. March orders, according to officials, were the largest for any single month since September, 1931. Sales during the first quarter this year amounted to $17,994,045 aßainst $13,161,721 in the corresponding period. Net loss from operations totaled 51.776,152 against $3,491,572 last year.

New York Stocks ————————— —— ,g v Abbott Hoppln * Cos, i ————————■ AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change Thirty industrials 105.51 102.95 103.56 -1.49 Twenty rails 50.69 49.11 49.32 + .60 Twenty utilities 26.21 25.52 25.63 -.45 Forty bonds 94.82 —.17 Ten first rails ..... 99.86 —.ll Ten second rails 84.34 —.53 Ten utilities 97.45 —.OB Ten industrials 97.65 + .04 - Off. Up.

—April 27 Prev. Oils— High. Low. 10:30. close. Amerada ... 51% All Rfg 27% 28% Barnsdall 8% 8% Corn of Del 20% 21 Houston I new i . .. ... 4% Houston toidi . .. ... 25% . Indian Rfg . .. ... 3% Ohio Oil .. .. .. ... 12% 13 Pet Corp ....... ... • 12% Phillip- Pet 19 19% Plvjnott'h Oil 11-* Pure Oi! 11% 11% Royal Dutch 33 s * Sbd Os! 36 Shell Un 9 9% Skelley Oil }0 Soc Vac 16% 16% 16% 16 SO of Cal 35% 35 S O of Kan 40 SOof N J 45% 45% Sun Oil - ... gt Texas Corp 25% 25% Tidewater Assn 13% 13% Un Oil of Cal 17% Steels— Am Roll Mills 23% 23% j Beth Steel 42 42 Byers AM ... ••• 26% 26Col Fuel A Iron 6% Cruc Steel 31% Inland Steel 45 Ludlura St?el 16% McKeesport Tin *7% Mid Steel ]£% Natl Steel 49% 49% Otis Steel 6% % Rep Iron A Steel 21% 21% Rep Ir A Stl pfd 59% 59% U S Pip? A Fdy 28 27% U S Steel 49% 50% U S Steel pfd 9*% Warren Bros .. ... ••• 11* Youngst n S & T 26% Motors— Auburn ... ■ £2! 4 Chrysler ••• 50 50 s Gen Motors ... ••• 377s 37% Gen Motors pfd .. ... • 101% Graham Mot • 3% Hudson 18% 18% Hupp 5% 4% Mack Truck . . 30% Nash • ■ 22-4 Packard 5 4% 5 4 Ren 4 % 4% Studebaker ... ... 6 6% Yellow Truck ... ••• 5% Motor Access— Bendix 13% Bohn Alum ®3 % Borg Warner Briggs 1 5, 4 Budd Wheel * % Eaton Mfg 20% 20/4 Elec Auto Lite 25% 26% Houdaille A /2 Mullins Mte pfd *3 Murray Bodv jj 2 Stew Warner 8 7 * Timken Roll 3 *% Timken Det Axel .. ... 8 4 8 a Mining— Alaska Jun 19% 20 Am Metals ••• 23 22 a Am Smelt ••• • 41 a Anaconda ••• 16-a If 4 Cal A Hecla Cerro de Pasco 33% 33% Dome Mines ••• 36- 4 37 Granby Gt Nor Ore 13% }% Howe Sound 48 47 a Int Nicltef 28% 28% 28% 28% Int Silver 36 Isl Creek Coal . 27_ 4 Kennecott, Cop 22 21% 22 21 4 Mclntyre Mine ... 46 45% Noranda Cop 41 4 Park Utah 4% 4 a Phelps Dodge 18% 18% 18 2 18,2 St Joe. Lead 22 22 U S Smelters 119 118% 119 119 Vanadium -■ - • • zs •* Amusements— Croslev Radio J}Fox Thea 17% 16% 17 4 14 a Loews Inc 33% 33% 33% 34 Radio Corp ”,' • RKO 3% 3% Warner Bros ••• 7 7,4 Tobaccos— Am Snuff •• • J 7 Am Sum Tob j” 2 Am Tob "A" 10 % 70% Am Tob "B" ... 71 2 71 2 Gen Cigars 6 ... - •* Ligg ft Myers B' 94% Lorillard Reynolds Tob B' 43 43% Rails — Atchison . 68% 68% 68% 68% Atl Coast Lines 48 B A O 28% Can Pac 16% 1% Ch A Ohio 46% 46% Chi A Gt W 4% 4% Chi A Gt W pfd 10% C M A Sr P ~ g!S %% p ""! 13 .. -i*. Ik Chi N W pfd 24% Del a A Hud 64% Del Lac A W 2<% Erie ?2% Erie pfd ••• il 4 Grt Northern pf %% : 111 Central 31% 32 K C Sou I” Lou A Nash ?0% M K A T ‘I; 8 M K ft T pfd 19% Mo Pac 4% N Y Cent 34% 34% N Y Chi A St I. ' • 24% N Y C A St L pf 40 N Y New Haven 1% N Y Ont A West 9% Norfolk A Wes , • 180% Nor Pac 34% 34% 34% 34, 4 Penn R R 34% 34 34% 34 Reading 52 4 52 Sou Pac 27% 27% SOU R R 323a 32% 32% 32% Sou R R pfd 38 3 4 383 g 383., aB% Union Pac 130 Wabash 4% West Maryland 1* Equipments— Allis Chalmers 19% Am Brake Shoe ... ... 32 Am Car A Fdy 27% 27% Am Car A Fd pf • Am Loco 31% Am Mach A Fdy • 16y 2 Am Steel Fd.v 19% 19% 19% 19% Bald Loco . ■. 13 3 4 13% Bald Loco pfd .... ... . ■ 58% Burroughs 15% I Case J I ... 68 68% I Cater Tract ... .•• 31% Deere A Cos ... • 28% Elec Stor Bat 45% 45% Foster Wheeler ... ... ••• 19 Gen Am Tk Car 40% Gen Elec ... 22% 22% Ingsol Rand 63% Int Bus Mach ... 143% Int Harvester 40% Natl Cash Reg 19 Pullman Inc 56% Rem Rand 12 12 Und Elliot 44 44 West Air B Westingh Elec .. ... 39% 39% Worthington Pm 27 L'tililies — Am A For Pwr 9% Am Power A Lit .. ... 8% 8% A T A T 120' a 120% Am Wat Wks . . 20% 20% 20% 203 Brook Un Gas . 68 Coi Gas A Elec . . . 15 15% Col G A E pfd 75 Com A Sou 2% 2% Consol Gas 36 35% 36 36% Elec Pwr A Lit 7 E P A L pfd 16 Int Hvdro Elec I 3 '* 8 Int TA T 14% 14% Lou GAEA 18 Nat Pwr A Lit 11% 11% Ut Pwr A Lit A 3% 3 3 4 Western Union ... ... ... 53% Rubbers— Firestone ... 20 3 4 21 Goodrich 16% 16% Goodyear . 35% 35% 35% 35% Kelly Soring . 3% U S Rubber 22% 22 22 21*4 U S Rubber pfd 55 54% 54% 54% Miscellaneous— Am Bank Note . 24’a 24 24 23% Am Can 102% Anchor Cap 21% Brklyn Man Tr 37% 37% 37% 37 Conti Can ... ... ... 81 % Crown Cork 31 'a Curtis Pub 26*4 Curtis Pub pfd 80% Eastman Kodak 94 Gillette . 11% 11% 11% 11% Glidden 28'- 28 28% 27% Owens Bottle 85% Raybestos Mfg 20% Foods — Am Sugar . 47% Armour A 6% 6% 6% 6% Beatrice Cream 16% 16% Borden Prod 34% 24% ' Cal Packing 31% 31% 31% 30% I Canada Dry G A 28% I Coca Cola 123% 124 ; Corn Prod 73' 73 73 73 Crm of Wheat 33% Cuban Am Sugar .. ... ... 7 Gen Foods 35% Go'd Dust 21 s , 21% G W Sugar 28% 28% 28% 28% Hershev 63 Int Salt . 28% loose Wiles . .. 41% 41% 41% 41% Natl Biscuit ... 41% Natl D Prod 16!* 16% 16% 1% Purity Bak 16% S Porto Rico Sug 33 Std Brands . 21% 21% Un Biscuit 29 United Fruit 74% 75 Ward Bak A 11 Wrigley 65 Retail Store*— Ass Dry Goods 16 Best A Cos 33% First Natl Stores 66% 66% Gimbel Bros 5 Gimbel pfd 27% 37% Gr Un Tea 7% Hahn Dept Sts 6% Jewel Tea 51 Kresge S S 20% 20% Kroger Groc ... 32% 33% 32% 32% Macv R H .. . 47% Marshall Fields 17*, 17% 17*. 17% Mrv Dept 5t.... - 52% Mont Ward 30% 30S 30% 30% Natl Tea 17% Penny J C 62% 63% Safewav St ... 54% 54% Sears Roebuck .. ... ... 49 Wool worth 53% Aviation— Aviation Corp .. I 7% 8 7%

THE INDIANAPOLIS TIMES

: Curtiss Wright 4 4 : Curtis Wright A 10% Douglas Air 23% Nor Am Av ••• • 6% Speerv Corp 10% 10% United Aircraft 23*, 23% 23% 23% Wright. Aero 56% Chemicals — Air Reduction 102 Allied Chem .. ... 143 Am Com Alcohol 48 46’, Col Carbon . 73 73% Com Solvents . 27 28% 26% 27% Du Pont 94*4 Freeport Tex 44% 45*, I Liquid Carb 34 34% Math Alkali 34% ; Montoson Chem 92% Natl Dis (new 1 30% 30% 30% 30% Schenetev Dist 33% 3% 33% 33% Tex Gulf Sulph 36 36% Union Carbide 44% U S Ind Alcohol 51% Vir Chem 6% pf 22 21% Drugs— Cotv Inc ... 6% 6% 1 Lambert ... 26% 27 j Lehn A Fink 22% 22% 22*4 22% I Un Drug ... 17% 17% j Zonite Prod ... 6% 6% Financial— Adams Exp ... ... 9% I Allegheny Corp ... ... 3% 3% I Am Int Corp ... ... 8% ! Chesa Corp ... 46 ! Lehman Corp 72% j Transamerica 6% %% | Building— Am Radiator ... . . ... 15% Gen Asphalt ... 22% 22% 22% 22% Int Cement . 28% 28% Johns Manville 57% 56% 57% 56% Libby Owens Gls .. ... 36% Otis Elev ... 15% 16 Household — Col Pal Peet 17 17% Congoleum 28% 28 Kelvinator 18% Mohawk Carpent .. ... 20*4 20% Froc A Gamble 36% Simmons Bed 19% 19% 19% 19% Textiles— Amer Woolen ... 13% 14 Belding Hem ... 14% 14% Celanese Corp 32% 31*4 32% 32% Collins Aikman. .. . . . 23% Gotham Hose 10 Indus Rayon 76% 77% Kayser Julius 17% New York Curb (By Abbott. Hoppin A Cos.) —April 26 CloseiClose Allied Mills • 8% Gen Avalation . 6 Alum Cos of Am 76 Glen Alden Coal 16% Am Beverage 2% Gulf Oil of Pa . 65 Am Cyanide ‘B’ 21% Hiram Walker.. 41% Am Gas-El 26% Hud Bay Min... 13% Am Superpower 3% ; Humble Oil 45 Ass Gas-El .... %1 Imperial Oil Ltd 14% Atlas Corp 13 lint Petrol 26 Axtn Fisher Tb 62 ILake Shore Min 50 Brazil Trct-Lt 10% Libby McN Libv 6% Britsh Celanese 3*, Lone Star Gas . 7 Can Inds Ale A 13% Ntal Bellas Hess 3% Can Marc .. 2% Newmont iMn . 53% Carier Corp ... 8% Nia Hud Pwr 6% Cities Serv 3% Pan Am Airways 40% Commnwlth Ed 57% Park Davis .... 24% Consl Gs of Bal 59% Penn Road . 3% Cord Corp 5% St Regis Paper 3% Crown Crk Inti 7% Sal Creek Prdts 7% Deere A Cos 28% ! Sherwin Wms 66 Distillers Corp 19% Std of Ind 27% Dow Chem . 86 Std of Ky . 16% El Bnd-Share 16% Technicolor Ind 9% Fisk Rubber . 17 STck Hughes Gld 6% Tord of Can A 23'i Un Gas 3% Ford of Europe 7*ilUn Pww-Lit ‘A’ 3% Wrgt Hrgrvs Mn 8% Treasury Statement (By United Press) WASHINGTON. April 27.—Government expenses and receipts of the current fiscal year to April 25. compared with the corresponding period of the previous fiscal year: This year. Last year. Expenses. $5,751,908,567.43 $4,162,411,889.45 Receipts $2,462,898,673.28 $1,620,878,782.34 Deficit $3,289,009,894.15 $2,541,533,107.11 Cash balance $4,342,683,376.45 Chicago Stocks “~ (By Abbott Hoppin A Cos.) ““~“ —April 27High. Low. 11:30. Asbestos Mfg . . 3% Berghoff ... B’l Borg-Warner .. 24% Butler Bros 11% 11% Cent A So West 1% Chicago Corp com 2% 2% 2% Chicago Corp pfd . 27 Cities Service • . . 3 Commonwealth Edison . 56% | Cord Corp 6 5% 6 | Crane Cos. 9% 9% 9% | Chicago Ribbon 16% 16% 16% ’ Gen Household Util 14% Great Lakes Aircraft .... . . % Iron Fireman . 14% Kingsbury 6% Ltbby-McNeil 6% 6% 6% arshall Field . . 17% iddle West Utilities • % oblitt-Sparks Indu Inc 14% 14% 14% rker Pen ... 9 | rfect Circle 32 nes Winterfront 1% uaker Oats ... 111% avtheon V T C ... 3% I Swift A Cos 17% I Swift International ... 30% Vortex Cup Cos 11% Investment Trust Shares (By Abbott. Hoppin A Cos.) —April 26 Bid. Ask. Am Bank Stocks Corp 1.74 1.79 Am A General Sec A 5.00 7.00 Am Inv. Tr Sh 1.75 Basic Industry Shares .. . 3.55 3.60 British Type Inv. Tr Sh .52 .60 Collateral Trustee Shares A 4.95 5.05 Corporate Trust Shares (old) 2.17 2.21 Corporate Trust Shares (new) 2.45 2.49 Cumulative Trust Shares . 4.25 .... Diversified Trust Shares A 6.25 Diversified Trust Shares B 8.08 8.25 Diversified Trust Shares C 329 3.32 Diversified Trust Shares D 4.95 5.05 First Insurance Stock Corp 1.32 1.38 First Common stock Corp .87 .86 Fixed Trust Oil Shares A 880 .... Fixed Trust Oil Shares B 7.70 Incorporators Investments 18.87 19.12 Land Bank Bond Shares ... 1.16 129 Low Priced Trust Shares 6,60 7 70 Mass. Inv. Trust Shares .19.66 21.37 Nation Wide Securities 3.55 3.60 North Am Trust Shares (53) 1.93 1.97 N Am Trust Shares < 55-56) 2.49 2.52 N Am Trust Shares (58) ... 2.55 2.60 Selected American Shares 2.77 Selected American Shares Inc 1 28 1.34 Selected Cumulative Shares 7.10 elected Income Shares . . 3.69 4.25 Std Am Trust Shares A ... 310 3.15 Trust Shares of America .. 2.95 3.00 Trustee Std Oil A 5.40 590 Trustee Std Oil B 5.24 5.34 U S. Electric Lt A Pwr A 13 00 13.50 Universal Trust Shares 3.15 3.20 Births Girls George and Minnie Fecker, 2360 Hawthorne. Ernest and Gwendolyn Henning, Methodist hospital. . Samuel and Rose Steinberg. Methodist hospital. John and Dora Carson. Methodist hospital. James and Nora Foster. Methodist hospital. Samuel and Margaret Moore. 2933 Moore. Alan and Agnes Nicewander, St. Vincent's hospital. William and Theodora Speropoulos. St. Vincent's hospital. John and Essie Eisenmenger, 1120 McDougall. Boys James and Faye Ross. Methodist hospital. Carl and Fayne Joyce. Methodist hospital. Sherman and Edelle Hoyt. Methodist hospital. Elmer and Bessie F*rye. Methodist hospital. Deaths Grace Jane Palmer. 59. 5122 Grandview ! drive, coronary occlusion. Lida M. Bissell. 78. 1108 North Tuxedo, cerebral hemorrhage Harrv Francis Eddy. 59. 2246 West Washington, angina pectoris William Delveaux. 58. 770 Ketcham. chronic myocarditis. | James Monroe Needier. 77, Methodist hospital, erysipelas. James Crawford, 39, 904 West Tenth, chronic nephritis. Joseph C. Bogard. 68. city hospital, cerebral hemorrhage. George Reeves. 76- 516 West St. Clair. , arteriosclerosis. Rowena E. Smith. 73. St. Vincent's hospital, skull fracture. MANY SEEK STAMPS HONORING MOTHERS Scidensticker Enlarges Order for New Issue Available May 3. Requests for special Mother Day stamps have been so numerous here that the postofflee will place an immediate ordeT for a larger supply. Adolph Seidensticker. acting postmaster. announced today. Although the stamps do not go on sale until May 3. requests so far would exhaust the present supply. Mother’s day is on Stoday, May 3.

PORKER PRICES UNCHANGED IN SLOW SESSION Veals Advance 50 Cents: Cattle, Lambs Are Steady. Steady trading range featured the pork market at the Union Stockyards this morning. Initial action was slow and receipts around normal. The bulk. 16U to 325 pounds, was selling at $3.80 to $3.90. Few choice grades were reported salable at $3.95 to $4. Other kinds weighing from 130 to 160 pounds brought $3.15 to $3 65. Small slaughter pigs, scaling 100 to 130 pounds, sold at $2.25 to $3. Receipts were estimated at 6,000; holdovers. 359. Only slight interest was evident in the cattle market, with the majority of steers stationary in a satisfactory week-end cleanup trade She stock was active and strong. Receipts numbered 500. Strong undertone developed in the veal market and practically all grades were mostly 50 cents higher at $6.50 down. Early top held at $7. Receipts were 700. Lamb prices continued unchanged. Early supply consisted mostly of shorn western kinds salable at $9. Few clipped ewes ranged from $2 to $4. Receipts were 800. Asking on hogs at Chicago advanced 10 cents, while bidding remained around steady with yesterday’s average at $3.90 down. Receipts were estimated at 20.000, including 11.000 directs; holdovers, 4.000. Cattle receipts were 1.500; calves, 1.000; market steady. Sheep receipts numbered 9,000; market steady to weak. HOGS April. Bulk. Top. Receipts. 21. $4.95® 4.10 $4.10 2.000 23. 3.901® 4.00 4.05 8.000 24. 3.75® 3.35 3.90 9.000 25. 3.90® 4.00 4.00 7.000 26. 3.80® 3.90 3.90 7.000 27. 3.80@ 3.90 4.00 6.000 Market, steady. (140-160) Good and choice $ 3.40® 3.65 —Light Weights—-(l6o-180) Good and choice . . 385 (180-200) Good and choice 3.85 Medium Weights—-(2oo-2201 Good and choice ... 3.90® 4.00 (220-250) Good and choice . 3.90®i 4.00 —Heavy Weights—-(2so-2901 Good and choice .. 3.90® 4.00 (290-350) Good and choice . . 3.70® 3.90 —Packing Sows—(3so down) Good 3.00® 3.25 (250 lb.) Good 2.75® 3.15 (All weights) Medium . 2.75® 3.00 —Slaughter Pigs—-(loo-130) Good and choice ... 2.25® 3.00 CATTLE Receipts, 500; market, steady (1.050-1,1001-Good and choice $ 6.50® 7.75 Common and medium 4.50® 6.50 (1.100-1.500) Good and choice 6 50® 8.00 Common and medium 4.75® 6.50 (675-750) — Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-900) Good and medium 4.75® 6 00 Common and medium 2.75® 4.75 —Cows— Good 3.50® 4.50 Common and medium 2 75® 3.50 . Low cutter and medium ■ 1.75® 2.75 —Bulls (yearlings excludedi I Good (beef steers) 3.00® 3.75 'Cutter, common and medium.. 1.75® 3.00 VEALERS Reecipts, 700; market, higher. Good and choice $ 6.00® 7.00 Medium 4.00® 6.00 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker CattleGood and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1.5001 Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 800; market, steady, shorn basis. (90-lb. down) Good and choice $8.50® 9.00 190-110 lb.) Good and choice . B.oo® 8.75 (500 lbs. down) Com. and med. 7.00® 8.25 —Ewes— Good and choice 3.00® 4.00 Common and medium 2.00® 3.00 Other Livestock (By United Press) FT. WAYNE. April 27.-Hogs--Steadv; 250-300 lbs.. $3.85: 200-250 >js.. $3.80- 180200 lbs . $3.75; 160-180 lbs., $3.75; 300-350 lbs.. $3 50: 150-160 lbs., $3.35: 140-150 lbs., $3.10; 130-140 lbs.. $2.85; 120-130 lbs., $2.35: 100-120 lbs.. $2; roughs. $2.75; stags. $1,50. Calves—Receipts. top lambs, $9.75. LAFAYETTE. April 27 —Hog market. 10c lower; 200-325 lbs., $3.50®3.75: 160-200 lbs., $3.55® 3.65. 140-160 lbs.. $3.15® 3.40: 125-140 lbs., $2.65® 2.90; 100-125 lbs.. *1.90 ®2.40; roughs, $3 down. Top calves—ss.so. Top lambs, SB. (By Times Special) LOUISVILLE. April 27.—Cattle—Receipts, 150. including 66 direct; supply light; market, generally steady; common to medium steers and heifers, $4.25®5 25very little below, $4.50; better finished fed steers and heifers. $5.50 to around $6.25; bulk beef cows. s3® 4: good handyweight heifers types to $4.25; most low cutters and cutters. $1.50®2.75; bulk sausage bulls. $3.50(0 3.75; few better heavy kinds higher; bulk desirable light Hereford stockers, $4.75® 5.25; common to medium grade natives mostly s3®4. Calves—Receipts. 500, including 168 stock calves; better grade vealers. strong at ss®6; latter only strictly choice kinds; medium and lower grades around 50c higher at s3® 4.50. Hogs—Receipts. 900: market. 10c higher; top and bulk finished 170-240 lbs.. $3.90: all grassy and unfinished hogs discounted 50c ®$ 1: 245-270 lbs., $3.55; 275 ibs. up. $3.20; 145-165 lbs., $3.40; 120-140 lbs., $2.05: sows, $1.95. Sheep—Receipts. ! 75: generally steady; spring lambs mostly $lO®U; bulk better kinds. slo.so®lT: plainer sorts down to $9 or less: better wooled lambs quotable. s7® 9. according to quality; most desirable fat wooled ewes, ! s3@4: clipped kinds around $1 off, SCOUTS AND LEGION WILL MEET JOINTLY Edgewood Troop and Hugh Uopsey Post to Hold Gathering. Edgewood Boy Scout troop No. 93, and its parents’ council, with Hugh Copsey post, American Legion, and its auxiliary, will hold a joint meeting and wiener roast tonight at the Scout hut on Little Buck creek at the Stop 8 road at the south border of Edgewood. Scout demonstrations, musical entertainment and games wlil feature the vent. Large Profit Reported Net profit of the Bendix Aviation Corporation in the first quarter of the current year amounted to $758.977 after charges and federal taxes, it has been announced. In the first quarter last year the company had a net loss of $267,463.

-NOTICEIn Yesterday's Paper We Advertised 6 Bars Lifebuoy SOAP 33c 6 Bars Lux SOAP 35c The New Retail Drug Code provides for minimum prices. The price should be 7c a Bar Our desire to co-operate with code authorities prompted this correction. Effective at once. THE FAIR 311 W est Vs ashingf.on St.

Bethlehem Steel Cuts Net Loss to $902,044

Company Reports Current Operations at Rate of 55 Per Cent. Ru United Pres* NEW YORK. April 27 —The Bethlehem Steel Corporation today reported a net loss for the first quarter of $902,044. as compared with a net loss in the first quarter of 1933 of $5,769,451. Current operations are at 55 per cent of capacity, against an average of 38.7 per cent in the first quarter of the year, and 26.8 per cent in the final quarter of 1933. Eugene Grace, president, said current operations are being fully supported by incoming business, and he felt certain the average rate of activity in the second quarter would be above the current 55 per cent. Value of orders on hand. March 31. totaled $76,345,878, against $67,684.749 on Dec. 31 and $38,360,601 on March 31. 1933. Shipments in the first quarter, Grace reported, were about 50.000 tons less than in the last quarter of 1933. He explained this by saying there was some cleanup business in the la§t quarter last year which resulted in the net profit for that period. In the first quarter of 1934 operations were a little higher than actual shipments and some of the products went into inventory.

On Commission Row —April 27 —Fruits— Apples—New York Baldwins, fancy. $1 65 up: fancy Staymans. $2.25; fancy Winesaps. $2.50. South American Cherries —Crate, $3.25 @3.50. Oranges—California Sunkist. [email protected]; Floridas. $3.75®4. Lemons—Sunkist, $5.50. Grapes—South American, crate, *3. Grapefruit—Arizona seedless. 645-70s, $3 @3 50; Florida, $3 50@4 Strawberries Louisiana. 24-pt crate. $2 75: Alabama. 24-qt. crate. s4® 4 25. Melons—Argentina Honeydews, $3.50. Cantaloups—Pony crate, $4.50; standard 145). $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, $1.85; 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; Illinois,'crate. $1.35@2. 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. Cauliflow'er—California, $2.25. Cucumbers—Hot house, per dozen, sl.lO. Lettuce—Hot house. 15-lb. basket. $1.50; Iceberg best. [email protected] 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 (By United Press) CHICAGO, April 27.—Apples—Michigan Baldwins. [email protected]: Mclntosh, $1.85@2. Carrots —Illinois. 60® 75c bushel. Spinach —Texas. 50®75c bushel. Beans—Southern Green. $2.75®>3.25; wax, $3.50. Cucumbers -Centra! western hothouse. $1.65®2.25 (2 doz.). Tomatoes—Vlorida, $2.50®3 big box; central west hothou.se, [email protected]. Sweet Potatoes Tennessee, [email protected] bushel hampers. Mushrooms—lllinois. 20 ® 35c. Asparagus—California. $2.25® 3.25 (doz. bunchi. Leaf Lettuce—lllinois hothouse. 65®75c (10 lbs.). Onion Market 1.35: Michigan Yellow’s. 50® 90c Texas Yellow’s. [email protected]; Texas Whites, $1.15® 1.30.

Bright Spots (By Abbott. Hoppin & Co.l~

New’ York Central March net, operating income amounted to $4,391,085, against $961,089 in March last year. Air Reduction Company earnings in the first quarter of the current year amounted to $1.21 a share on the common stock, against 45 cents a share in the first 1933 quarter. New York. New’ Haven ft Hartford Railroad Company March surplus totaled $147,306 after all charges against a deficit of $880,206 in March. 1933. United Gas and Improvement declares the regular quarterly dividend of 30 cents a share on the common stock. Texas and Pacific Railroad Company Maich net, income was $98,878 after charges, against a net loss of $205,189 in March. 1933. A. M. Byers Company net loss in the first quarter of the current year totaled $183,902 after charges, against $326,214 in the corresponding period of last year. Ludlum Steel Compamy in the quarter ended March 31 earned 63 cents a share on the common stock against 11 cents a share in the first quarter of 1933. Childs Company and subsidiaries in the first quarter earned 9 cents a share on the 7 per cent preferred stock against 24 cents a share in the first quarte" of 1933. Maytag Company first quarter profit amounted to $460,381 after all charges, against a net loss of $95,165 in the like 1933 quarter. Tech Hughes Company for six months ended Feb. 28 had a net income of $1,527,095 against $1,537,526 in the same period a year ago. Earnings in the first quarter of the current year amounted to 17 cents a share against 16 cents a share in the corresponding 1933 period. Southwest Bell Telephone Company operating income in the quarter ended March 31 was $3,794,539 against $3,459,995 in the first quarter of 1933. National Distillers Corporation in the quarter ended March 31 earned $1.90 a common share against 10 cents a share in the first quarter of last year. Chicago, Milwaukee, St. Paul & Pacific Railroad Company net operating income for March was $862,867 against a deficit of $205,232 in March, 1933. Consolidated Gas Company earnings for ttvelve months ended March 31 were equivalent to $2.99 a share on the common stock against $3 80 a share in the previous twelve-month period.

Investments and Investment Service Wm. E. Shumaker & Company, Inc. 1408 Circle Tower LI-8354

STEEL OUTPUT UP 4 POINTS DURING WEEK Operations Reach 56 Per Cent of Capacity. By Time* Special CHICAGO. April 27.—Steel output increased 4 points last week to 56 per cent of capacity on the basis of the influx of specifications against contracts placed prior to upward price revisions, according to Iron Age. By next week the operations rate is expected to surpass 59 per cent, which is the high point of last year. Chicago mills last week rose 5 per cent to 59 per cent of capacity, and Pittsburgh mills rose an equal amount to 46 per cent of capacity. Several steelmakers are so heavily booked that it is doubtful whether deliveries can be completed by the end of the present quarter. Some of the pressure is being caused by structural steel awards which last wek amount to 20,500 tons against 13.650 tons in the preceding week, and new projects calling for 49,100 tons, the largest total since August. It is predicted that shirpments of pig iron in May and June will be the largest in two years. N. Y. Coffee, Sugar Futures COFFEE —ADril 26 —Santos— High. Low. Close. March 11.45 Mav 10.91 10 75 10.75 July 11.05 10 84 10.88 September 11.45 11 27 11 27 December 11.55 11.38 11.38 —Rio — January ... 8.64 March 8.66 Mav 8 32 8.30 8.32 July 8 40 September 8.63 8 49 8.49 December 8.70 8.57 8.57 SUGAR —April 26 — High. Low’. Close. January 1.63 1.61 1.61 March 1.67 1.65 1.65 Mav 1.44 1 42 1.44 July 1.49 1 47 1 47 September 1.56 1.53 1.53 December 1.62 1.60 1.60 In the Cotton Markets— April 26 CHICAGO High. Low. Close. January 11.55 11 26 11.26 March 11.71 11.38 11.41 Mav 10.86 July 11.26 10.31 10 98 October 11.43 11.07 11.15 December 11.51 11.19 11.25 NEW YORK January 11.52 11.20 11.24 March 11 63 11.31 11.36 Mav 11.03 10 73 10.73 July 11.21 10.26 10.92 October 11.36 11.02 11.08 December 11 47 11.12 11.19 NEW ORLEANS January 11.32 11 20 11.20 March 11.59 . 11 30 11 30 May 11.03 10.70 10.71 July 11.20 10 84 10.88 October 11.35 11.00 11.05 December 11.45 11 09 11.15 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 2o 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 475 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 5.25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to in. Cash Grain INDIANAPOLIS —April 26 he 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, v’ere: WHEAT -Easy; No. 1 red. 67® 68c; No. 2 red. 66@67c; No. 2 haid. 66®67c. CORN—Easy; No. 3 white. 43®44c; No. 4 white, 42® 43c: No. 3 yellow. 40® 41c; No. 4 yellow. 39© 40c No. 3 mixed. 39® 40c; No. 4 mixed. 38® 39c. OATS—Easy: No. 2 white. 27®28c; No. 3 w’hite, 26® 27c. —lnspections WHEAT—No. 2 red, 1 car; total. 1 car. CORN—No. 3 white. 4 cars: sample white, 3 cars; No. 3 yellow. 5 cars; total. 12 cars. OATS—No. 2 white, 5 cars: No. 3 white, 1 car; No. 4 w’hite. 2 cars; total. 8 cars. Local Wagon Wheat City grain elevators are paying 64 cents for No. 2 soft red wneat. utner grace/ on their merits. (By United Press) CHICAGO. April 26.—Cash grain: Wheat —No. 2 red. 78c. Corn—No. 2 mixed lake. 45%c; No. 3 mixed. 44%c; No. 2 yellow. 47c: No. 2 yellow lake, 45%@46%c; No. 3 yellow. 46%c; No. 3 yellow, old, 46%®47c; No. 4 yellow, old. 46%c; No. 2 white. 49%c; No. 3 white. 49c: sample grade white. 39%c. Oats —No. 2 white. 30%© 31%c: No. white lake. 29%c: No. 3 white. 30%c; No. 4 white. 28%@29c; sample grade white. 27©27%c. Rye—No sale. Barley 72© 75c; quotable. 40@80c. Timothy—[email protected]. Clover seed—sll®ll.2s Cash provisions: Lard. $5.72; loose, $5.40: leaf. $5.37; bellies. $7.75. TOLEDO. April 26.—Grain close: Wheat —No. 8 red. 79© 30c. Corn —No. 2 yellow. 51®52c. Oats—No. 2 white, 34®35c. Rye —No. 2. 59@50c. (Track prices, 28%c rate.) Wheat —No. 1 red. 75@75%c; No. 2 red, 74@75c. Corn—No. 2 yellow, 46%® 47%c: No 3 yellow, 45%@46%c; No 4 yellow. 44%@45%c. Oats- No. 2 white, so%® 32%c: No. 3 white. 30©32c. Toledo seed close: Clover—Cash $8.25. Alsike Cash—sß.so. ST. LOUIS. Anril 26.—Cash grain: Wheat -In fair demand, %c lower to %c higher: No. 2 red winter. 76%c nominal: No. 3 red. 75c: hard grades. %c lower: No. 2 hard. 76'>c nominal. Corn—ln fair demand. %c higher: No. 2 yellow. 47%®47%c: No. 1 white. 51c: No. 6 white. 44%c. Oats—ln limited demand steady; No. 2 white. 31c.

|Ceulf r Robins & Company investment Securities Dealers in General Market Securities CONTINENTAL INDIANAPOLIS BUILDING RILEY 3321

Abbott, Hoppin & Company 203 Continental Bank Bid;. Riley 5491 NW . Y ° r , k Indianapolis Chicago Montreal Pittsburgh MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange. Inc. New York Coffee and Sugar Exchange, Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. Woolling

PAGE 23

UNEVEN SALES FORCE FUTURE VALUES DOWN

All Months Off Fractions; Liverpool Market Strong. BY HARMAN W. NICHOLS United Prc*s Staff Correspondent CHICAGO. April 27. Scattered selling broke out in the grain pits at the opening of the Board of Trade today and grain prices were slightly easier. Wheat and corn was unchanged to % cent lower, oats were unchanged to % cent lower, and rye was off % to % cent. Barley was % cent higher against the trend. Stocks and cotton were about steady and the trade paid little attention to further crop complaints from the wheat areas. The tendency in the Liverpool wheat market was for slightly firmer prices. Chicago Futures Range April 27 Prcv. Wheat— High. Low. 10:00. close. Mav 75*4 .75% .75% .7 Sit July 75*4 .75% .75% .75% Sept 77 .76*11 .76% .76% Corn— Mav 44 .43% .43% 44% Julv 46% .45*b .46 % 46% Sept 48% .47% .47% 48% Oats— May 27% .27% .27% .27% Julv 27*4 27% .27*4 27% Sept 28% .28% JB% 28% Rye— Mav 53% .53 .53% 53% Julv 54% 54% .54% .54% Sept 56% .55% .56 .36% Barley— Mav .37% 37 .37 37 Julv .38% Sept 4040 .40.40 CHICAGO PRIMARY RECEIPTS —Aoril 26 —Bushels — Today. Last week Wheat 329.000 295.00 Corn 454.000 539 000 Oats 227.000 250.000 DRUG CONCERN REPORTS LARGE QUARTER INCOME Bristol-Myers Earnings Equivalent to 95 Cents a Share. By Times Special CHICAGO. April 27.—BristolMyers Company reports consolidated net income, after all charges, for the three months ended March 31, of $669,213, equivalent to 95 cents a share on the 700,280 shares of common stock to be outstanding upon completion of the exchange of Drug, Incorporated, still in the hands of the public. For the same period last year comparable earnings amounted to $598,722, or 85 cents per share, on the same number of shares. For the twelve months ended March 31, consolidated net earnings were $2.224,224, or $3.18 per share, compared with $2,315,537, or $3.31 per share, for the corresponding period last year. Directors of the company today declared the regular quarterly dividend of 50 cents per share on the common stock and an extra dividend of 10 cents per share, both payable June 1 of record May 10. I BE SAFE Insure Your Car Today —Full Protection Automobile Insurance Ass’n. 1.1 8571. 7th Floor. Occidental Bldg Conservative Business Invited 2mcrican national Bank AT INDIANAPOLIS 1 We Huy and Sell I HOME OWNERS’ LOAN CORPORATION * 4 70 Bonds due 1951 8 Interest guaranteed by U. S. Government. H Exempt from all taxes s except surtaxes, inheri--1 tance, estate and gift taxes. Indianapolis p Bond and Share Corporation 129 E. Market St. Telephone Riley 4551