Indianapolis Times, Volume 45, Number 302, Indianapolis, Marion County, 28 April 1934 — Page 11

APRIL 28,1934.

Wall Street Publication of Names of Silver Holders Gives Unfair Imnression. —BY RALPH HENUERSHOT Tim gperUl Flnanrial Writer. PUBLICATION of the names of gome 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 learn the

identity of those who hold the metal. But it also would be I in teresting to! some people to I know the names I of all those who j have warts on j their noses. Apparently an! attempt is made to create the impression that the ownership of silver is illegal, unsportsmanlike or 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 were 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 pointing 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. a a a 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 of the strongest opponents of inflation, and he is equally opposed to the Dies-Thomas bill. u a a 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 Prucea— Hens. 11c, Leghorn hens. Bc. Leghorn spring-er-stags. 6c; large springer-stags 9c; cocks 5 lbs. and over 6c; under 5 lbs.. 4c; ducks. lull feathered and fat. 4% lbs. and over 7c; geese. sc; young guineas. 1% to 3 lbs.. 30c; old guineas. 20c. No 1 strlctlv fresh country run eggs, loss off 13c each full case must weigh 5 lbs. gross; a deduction of 10c a opttnd for each pound under 55 lbs. will be made. Butter—No. 1. 25@26c. No. 2 23<H24c: butterfat. 21c.— Quoted by Wadlev. (Bv United Press! CHICAGO. April 27—Eggs—Market, steady; receipts. 35.551: extra firsts. 16’4C; fresh graded firsts. 15%c: current receipts. 14%c: dirties. 13%c: checks. 13c Butter —Marker, steady; receipts. 11,593 tubs; extra firsts. 90-91' 2 c score. 23®23%c: firsts. 88-89% score. 22*4®22%c: seconds, 86®87% score. 22c; extras. 92 score. 23%c: specials. 24@24%c: standards. 23%c Poultry—Market, firm; receipts 18 Trucks. 1 car: hens, Leghorn. 14c: old roosters. 8' 2 c; springers, white rock. 25c; Plymouth Rock. 23' 2 c: geese. 8c: broilers. Plymouth Rock. 1-2 lbs. 24c; capons. 22c; turkevs. 20c; fryers, white rock over 3 lbs.. 26%c: heavy ducks. 13c. Cheese—Twins., ll%@ll%c; Longhorns. 11%® 12c: Daisies. 11'Si 12c Potatoes —Old stock supply moderate: demand good; trading light; market, firm: Idaho Russets 1 car $1.70. 2 cars $1 75. 1 car $1 80. U. S No. 2 1 car $1 40. combination grade 2 cars. $1 60; Washington Russets 1 car $1.70. combination grade 2 cars J 165; Wisconsin Round Whites 1 car. $1.30: Red River section Minnesota and North Dakota Cobblers 1 car $1 20 1 car $l3O. New stock: supply moderate: demand moderate; practically no trading: two few on sale to quote Shipments 819. arrivals 44, on track 254. CLEVELAND. April 27—Butter Market, firm: extras. 27' 2 c: standards. 27%c. Eggs —Market, firm; extra white. 15c: current receipts. I4' 2 c. Poultry—Market. firm: colored fowl. 4' 2 lbs., and up. 17c. colored fowl, medium. 18c: Leghorn fowl. 3- lbs and up. 15c: Leghorn fowl, light. 14c: broilers colored, ordinary. 20 123 c: old roosters. 10c: ducks, white. 5 lbs. and up. 19c; broilers, fanev Rock. 2.v.t26c: broilers leghorn. 21 122 c: stags. 13c. Po*atoes —Maine, mostlv. *2 10® 2.15 per 100 lb sacks: Idaho. sl.Bs®' 1.90: New- York and Ohio best. $1 65® 1 75. NEW YORK. April 28 Potatoes SteadyLong Island. $1 50)3 25 bbl ; Southern $2.75 if 4.75 bbl.. Maine. $11073 25 bbl: Idaho. $2 sack. Canada $1.85'u3 25 bbl Sweet Potatoes steady:—Jersey basket, 50c ®s2; sou'hern basket. * 1.25 r 160 FlourSteady; springs patents $6 15 )6 45 bbl Pork—Steady. Mess—s2o 25 bbl. Lard dull. Middle West Spot—s4.os and 4.15 per 100 lbs. Dressed Poultry—Firm: turkevs 14 7 25' 2 c. chickens. 10%a2Rc broilers 20 28c: capons. 21@33c. fowls 16 ,121 c; Long Island ducks. 15%@16c Live Poultry —Firm; geese. 6@7c_ turkevs. 10® 22c: roosters. 8c: ducks 8 : 12c fowls 19 :20c chickens 9®llc; capons. 22c. broilers. 12 <7 24c. Cheese—Dull state whole milkfanev to specials. 18 719 c. Young America. 12 j 4@l3c. CINCINNATI April 27. Butter—Packing stock No 2. 15c; butter fat 20c Eggs —Steady: extra firsts. 15c: seconds 13 1 -c nearby ungraded. 14 ! _-c. geese 22c. ducks. 14c Live poultry—Fowls. 5 lbs and ever. 13' 2 e; 4 lbs. and over 14c: 3 lbs and over. 14c. Leghorns 3 lbs and o\er. 13c; roosters. 8c 1934 colored broilers. I' 2 lbs and over. 24c 2 lbs and over, 25c; 1934 Leghorn broilers 1 lb and over. 21c- 1' 2 lbs. and over. 23c; 2 lbs. and over. 23c; partly feathered broilers, 1820 c capons. 8 lbs and over. 25c; under 8 lbs 20c ducks, white 4 lbs. and over 10c; under 4 lbs . 8c: guineas, old. 13c: No 1 turkevs. young hens. 8 lbs and over, and young toms. 10-15 lbs . TSc: young toms, over 15 lba.. 15c; No 1 old toms. 15c. Fire Reports Tharnda* 5 M am., 38 West Twenty-first residence. S2OO 11*8 s m 1104 West New York residence, no loss 1 09 p m . ettv hospital, false alarm 10:46 p m . 1328 Bates, false alarm 11:81 p m. Lexington and Villa, false alarm. Friday 1* *8 a. m . Lexington and Laurel, false alarm a. m. 238 East St. Joseph, residence, small loss 12:58 a. m. 335 East Washington, fur* Bitura store false wiakir alarm.

ACTIVITY IN OIL LIST FEATURES STOCK MARKET Easing of Strike Disputes Strong Factor: Rail Issues Gain. BY ELMER C. WALZER United Press Financial Editor NEW YORK. April 28.—A flurry of activity in oil shares featured the late dealings on the Stock Exchange yesterday, rounding out a session of small advances in trading that was under a million shares. Standard of California rose 2 points to 37, while oils were up fractions to nearly a point. Indications of easing of the Ohio filling station strike difficulties aided in the general oil rise. Several issues made new highs for the year, including American and Evans Products. R. H. Macy at 464, off 14; Celanese at 314, off 7 s, and Consolidated Gas at 354, off 4, made new lows. Small Gains Registered Railroad issues resumed their rise. Car loadings made a good gain over the preceding week and earnings reports showed a sharp gain over 1933. Small gains were made by U. S. Steel, American Telephone, Westinghouse Electric, National Distillers, Schenley, U. S. Ribber, United Aircraft, General Electric, General Motors, Chrysler and Case. American Commercial Alcohol, Dupont, Spiegel-May-Stern and American Smelting were up more than a point. U. S. Rubber first preferred gained more than 2 points. Commodities were stronger. Cotton at one time was up $1 a bale, while silver, copper and hide futures advanced. Bonds were mixed. The dollar eased in terms of foreign exchange. Sales Volume Flumps The weekly Dun & Bradstreet review found “the auspicious start which the second quarter has made establishes definitely the upward trend recorded for the first three months of the year, with bolstering influences sufficiently counterbalancing those of an adverse nature to provide a greater impetus to recovery- during the months which lie immediately ahead.” Stock sales yesterday were approximately 840,000 shares against 1.640,000 shares Thursday. Curb sales were 199,000 snares against 300,000 shares Thursday. Dow-Jones preliminary averages showed industrial, 103.65, up 0.09; railroad, 49.26, off 0.06; utitlity 25.60, off 0.03. Money and Exchange INDIANAPOLIS BANK CLEARINGS —April 27 Clearings $1,659,000 00 Debits 4.734.000.00 FOREIGN EXCHANGE (By Abbott. Hoppin & Cos.) —April 27 . i Close. sterling England $5.144 Franc. France 0665 Lira. Italy 0857 Bplgias. Belgium 2358 Mark Germany 3969 Guilder, Holland 6820 Peseta. Spain r. 1377 Krone. Norway '2588 Krone. Denmark 2300 Yen. Japan 3033

Bond Prices By Fenner & Beane"

—April 27 Allee Corns 5s 'SO 45% 45 45% Am <fc For Pwr 5s 2030 56% 56'i 56% A T & T (lb 5s ’65 101% Atchison gen 4s ’95 . 101% 101 % 101% B <Sr Ocv 4%s 60 70% 69% 70 Eeth Steel 5s A 36 102% 102% 102% Can Pacific 4s 80% 80% 80% C & Oss A 39 109% 107% 109% ChMStP&P ad 5s A 2000 184 18 18 CtMStPArP rs 5s A '75 53 4 53 4 53% Cons Gas NY 44s 'sl 103% Denmark 5%s '55 90% 90 90 Det Ed 5s '52 106 Erie R R rs 5s '67 77% 77 77 French 7s 49 179 Goodyear 5s '57 99% 99% 99% Gt Nor 4%s D '76 864 Gt Nor 7s A 36 . 854 84% 85 Interboro RT 5s 66 . 70 4 70 70 4 Int TA’T db 5s '55 66% 65 4 66% McK <fc Rob 5%s 50 84 83% 84 Nat Dairy db 5%s '4B 95 91 94 NY Cent 4%s o 2013 80% 79% 80 Nor Am 5s '6l 90 Pac Gas &El 5s A '42 105% 105% 105% Para Pub 5%s 'SO 50% 50% 50% Penn RR 4%s D 'Bl 96% 96% 96% Poland 7s '47 101% 101 101% Roval Dutch 4s A '45 128% 128 128 Shell Un Oil 5s '47 97 96 97 Sin Con 6%s B '3B 104% 104% 104% Texas Corn 5s '44 102% 102 102 Tob Pr NJ 6'-.s 2022 107% 107 107 Un Pac Ist 4s '47 10T*7 104% 104% US Rubber 5s A '47 88% 87% 87% Vanadium 5s '4l 88 West Un 5s 'sl 95 94% 95 Ygstwn S&T 5s B '7O 87 86% 87 U. S. GOVERNMENT BONDS (By United Press) NEW YORK. April 27.—Closing Liberties. (Decimals represent thirty-secondst Liberty 3 1 2 s 132-471 103 28 4%s 132-471 103.30 Fourth 4%s i32-47( 103 30 Fourth 4%s (33-38i 104.1 Treasury 4%5. 3%S (45) 102.13 4%s (47-52i 11022 3%s 143-471 103. 3%s (41-431 March 103.11 3%s 141 > 103.12 3'as (46-49) 101.1 3s 151-55 • 99 29 FEDERAL FARM LOAN BONDS (Bv Blyth & Cos.. Inc.) —April 27 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 Jan. 1. 1957—37 100% 100% 4%s Mav 1. 1957—37 100% 100% 4%s Nov 1. 1958—38 100% 100% 4%s May 1. 1942-32 100% 100% 4%s Jan. 1. 1943—33 100% 100% 4%s Jan 1. 1953—33 100 100% 4%s July 1. 1953—33 100 100% 4%s Jan. 1. 1955—3? 100% 100% 4%s Jan 1. 1956—36 100% 101% 4%s July 1. 1953—33 100% 100% 4%s Jan 1. 1954—34 100% 100% 4%s Julv 1. 1954—34 100% 100% 5s Mav X. 1941—31 101% 100% 5s Nov. 1. 1941—31 101% 100% Home Loan 4* July 1. 1951 100% 100% Federal Farm Mortgage Corporation 3%s March 15. 1964—44 101 101% FIDELITY INVESTMENT RESOURCES INCREASE New Business 16 Per cent Higher; Loans Drop. By Time* Special \ NEW YORK. April 28— 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 $172299.357, 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 two associations shows an increase 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 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

New York Stocks " ißy Abbott Hoppin * Co.l ——————

AVERAGE STOCK PRICES FOR THURSDAY Net High. I,ow. Clc*e. 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 —.06 Ten industrials 97.65 +.04 -Off. -ip.

—April 27 Prev. Oils— High. Low. Close, close. Amerada 51% 51 514 51V* At! Rig 28 4 27, 28 284 Barnsdall 84 84 84 84 Consol Oil 124 124 124 Cont of Del 214 204 214 21 Houston mewl ... ... 44 44 Houston 1 old 1 ... .. 254 .. Indian Rfg .... 34 34 34 34 Mid Cont Pet ... 144 134 14 Ohio Oil 134 124 13 4 13 Pet Coro 12V* 12 124 124 Phillips Pet 194 19 184 194 Plymouth Oil ... 134 13 134 114 Pure Oil 124 114 124 114 Roval Dutch ... 33 4 334 Sbd Oil 36 4 36 36 4 36 Shell Un 9 84 9 94 Skellev Oil 11 104 104 10 Soc Vac 164 16 164 16 S O of Cal 37 34 4 36 4 35 5 O of Kan .40 3 O of N J 45 4 45 4 45 4 45 4 Sun Oil 61 61 Texas Corp 26 4 25 4 26 4 254 Tidewater Assn 134 13 4 134 13 4 Un Oil of Cal .. 174 174 17% 174 Sheets— Am Roll Mills .. 234 234 234 234 Beth Steel 424 414 414 42 Byers AM .27 4 26 4 27 4 264 Col Fuel & Iron 64 Cruc Steel ... 314 Inland Steel 46 45 46 45 Ludlum Steel .. 17 164 17 164 McKeesport Tin . 89 884 89 874 Mia Steel 17 164 16% 164 at! Steel 50 49 4 49 4 49 4 Otis Steel . 64 6V* Ren Iron & Steel 214 214 214 214 Rep Ir Ac Stl pfd 594 584 584 59% U S Pipe & Fdv. . 28 274 U S Stee 504 494 49% 504 U S Steel pfd . 95 944 95 944 Warren Bros 11% 114 114 114 Youngst S& T 2” 264 264 264 Motors— . Auburn 42 4 41% 41% 40% Chrysler .... 50 4 49 4 50 504 Gen Motors 38 374 374 374 Gen Motors pfd 101 1004 101 1014 Graham Mot ... 34 34 3’/a 34 Hudson 184 184 184 184 Hupp 54 44 4% 4% Mack Truck ... .• 31% 304 Nash 22% 22% 22 4 22 4 Re© 4% 4% 44 44 Studebaker ... 64 6 6 64 Yellow Truck... 54 5% 5% 54 Motor Access— Bendix 18% 18% 18% 184 Bohn Alum .... 64% 63% 61 63% Borg Warner... 244 24% 244 25 Briggs 18% 184 184 18% Budd Wheel ... . 4% 4% Eaton Mfg 20 4 20 20 4 20% Elec Auto Lite... 26 25% 25 4 26% Houdaille "A”.. .. ... 54 5% Mullins Mfg 14% .. Mullins Mfg pfd .. .. •• 43 Murray Bodv . 94 94 94 94 Stew Warner .9 8% 84 9 Timken Roll 33% 33 4 33 4 33% Timken Det Axel 8 7% 8 8% Mining— Alaska Jun 204 19% 20 4 20 Am Metals 23% 23 23% 224 Am Smelt 42% 41% 41% 41% Anaconda 16% 164 164 16% Cai & Hecla 5% 54 54 54 Cerro De Pasco. 34 4 33 4 34 334 Dome Mines ... 374 36 "n 37% 37 Granby 114 114 114 114 Gt Nor Ore ... 13% 13% Howe Sound .... 49 48 49 47% Ins Copper 54 Int Nickel 294 284 28% 284 Int Silver 36 Isl Creek Coal .. 274 Kennecott Cop . 22% 214 21% 21 4 Mclntyre Mine . 46% 454 46% 454 Noranda Cop ... 42 41% 42 41-4 Park Utah 44 44 4% 44 Phelps Dodge ... 18% 18% 184 184 St Joe Lead .... 224 22 224 22 U S Smelters ...1194 118 11?% 119 Vanadium 25% 254 25% 254 Amusements — Croslev Radio ... • _ }4 Fox Thea 174 164 16% 174 Loews Inc 33 4 324 324 34 Radio Corp 84 8 84 •• RKO 34 3% 3% 34 Warner Bros .... 74 74 74 74 Tobaccos — Am Snuff 58 57% 58 57 Am Sum Tob 18% 184 Am Tobacco “A” 704 704 7?!? Z9? 4 Am Tobacco “B’ - 71% 714 714 714 Gen Cigars 364 36 36% 36 Ligg Ac Myers ‘B’ 95 94% 95 944 Loriilard 18 17% 18 18 Reynolds Tob B’ 43% 42% 43 4 43 4 Rails— Atchison .69 68 68 684 All Coast Lines . 47 46 4. 46 B& O 29 284 28% 28% Can Pac 162 164 16% 16% Ch Ac Ohio 47 46% 47 464 Chi Ac Gt W 44 4 4 44 Chi At Gt W pfd 10% 10% C M Ac St P • , 64 64 CMAc St P Pfd 11 10% 10% 10*4 Chi N W 12% 124 124 124 Chi N W pfd . 23% 23 4 23 % 244 Dela At Hud . ... • ■ ®4% Del Lac Ac W . . 27% 27% 27% 27% Erie • 21% 221a Erie pfd 264 274 Ort No pfd 284 27% 28 4 28 111 Central 32 314 31% 32 K C Sou 18 Lehigh Valley.... 18% Lou Ac Nasli . • 60 4 60 60 60 4 M KAc T ... 11% 114 114 114 MKAc T pfd 29% 29 23 29% Mo Pac 4% Mo Pac pfd 7% 7% N Y Cent 35 344 34% 344 N Y Chi Ac St L 24% N Y Chi Ac SL p 38% 384 38% 40 N Y New Haven 184 18% 18% 184 N Y Ont Ac West 94 94 Norfolk Ac West.. • 1804 Nor Pac 34% 33% 33% 344 Penn R R 34% 34 34 34 Reading 52% 52 Sou Pac 284 274 274 27% Sou R R 32% 32% 32% 324 Sou R R pfd ... 39% 38% 39% 38% Union Pac • 1,,, Wabash 4% West Maryland ... ■ • • 15 15 Equipments— Allis Chalmers . 19% 194 194 1?% Am Brake Shoe . • . 22 Am Car Ac Fdy 27% 27% 27 4 2iV Am Car Ac Fdy p 48 Am Loco • . 314 Am Mach Ac Fdy 164 164 164 16- 2 Am Steel Fdy 19% 19% 19% 19% Bald Loco 14 13% 13% 13% Bald Loco pfd 56 4 58% Burroughs 154 154 15% 154 Case J I .69% 68 69 % 68 4 Cater Tract . 32 31% 31% 31% Deere At Cos 28% 28% Elec Stor Bat 454 45 45 45% Foster Wheeler 19% 19 Gen Am Tank C 40% 404 404 40% Gen Elec 224 224 22% 224 Ingsol Rand 634 Int Bus Mach .. 143 143% Int Harvester 41% 40% 414 40% Natl Cash Reg . 18% 18% 18% 19 Pullman Inc ■. 56% 56% Rem Rand 12 11% 11% 12 Und Elliot 44 43% 43% 44 West Air B • 32% 31% 31% 32 Westingh Elec 40% 394 39% 394 Worthing'n Pmp 27 Utilities— Am Ac For Pwr 9% 9% 9% 9% Am Power Ac Lit 8% 84 8% 84 AT&T 120% 120% 120 4 120 4 Am Wat Wks 20% 204 204* 20% Brook Un Gas 674 68 Col Gas At Elec 154 15 15 15% Col G Ac E pfd 75 Com Ac Sou .. . . 2% 24 24 24 Consol Gas 36% 354 35% 364 Elec Pwr Ac Lit 7% 7 7 7 EPAc L pfd 16% 16 16% 16 Int Hydro Elec 8 7% 7% 8 Int TAt T ... 14V* 144 144 14V* Lou G Ac E A 18 Nat Pwr Ac Lit . 11% 11% North Amer 18% 18% 18% 18% Pac G Ac E 19 184 19 18% Peoples Gas . 374 37 4 Postal Tel pfd 23 22% 22% 23 Pt’b Serv N J 39 38 4 38 4 38% So Cal Edison . 17% 174 17% 174 Std Gas 12% 12% 12% 124 Std C.as pfd 14% 144 14% 144 Stone Ac Webster 94 94 United Corp 64 6 6 6% Un Gas Imp 16% 164 164 16% Ut Pwr Ac Lit ‘A’ 3% 3% 3% 3% Western Union 53% 52% 53 53% Rubbers— Firestone ..... 21% 20% 21% 21 Goodrich . . 164 16% 164 16% Goodyear .. 36 4 35 4 35 % 35% Kelly Spring 34 3% 3% 34 U S Rubber 23 22% 224 21% U S Rubber pfd 57 544 56% 544 Miscellaneous— Am Bank Note 25 4 24 24 4 234 Am Can 1014 1014 1014 1024 Anchor Cap 21% Brklvn Man Tr 38 37% 37% 37 Conti Can .. 82 4 81% 824 814 Crown Cork .. 32 314 Curtis Pub . 27 26% 28% 26% Curtiss Pub pfd 80 79 4 79 4 80% Eastman Kodak 954 94% 95 4 94 Gillette 11% 11% 11% 11% Glidden 28% 27% 28 27% Owens Bottle 85 85 4 Raybestos Mfg 204 Fods— Am Sugar 48% 47 48% 47% Armour "A" 6% 6% 6% 6% Beatrice Cream 36% 16% 16% 16% Borden Prod 25 24% 24% 244 Cal Packing 32 31% 31% 30% Canada D G Ale 28% 28 28 4 28% Coca Cola 123.% 122% 122% 124 Corn Prod 73% 73 73 73 Crm of Wheat 334 334 Cuban Am Sugar 6% 6% 6% 7 Gen Poods 36 35% 354 354 Gold Dust 22 214 21% 21% G W Sugar 294 284 29% 28% Hershey 62% 63 Int Salt 28% 284 Loose Wiles 414 414 Natl Biscuit 41% 41 41% 41% Natl D Prod 17 16% 164 16% Purity Bak 17 164 17 164 S Porto Rico S 32 4 32 % 324 33 Spencer Kellog 22% . S-d Brands 214 21% 21% 214 Un Biscuit ... 29 28% 29 29 United Fruit 75 744 74% 75 Ward Bak <A) 11 , 10% 11 11 Wrigley 65 ’ 644 65 65 Retail Stores— Asso Drv Goods 16 Best Ac Cos 334 First Natl Stores 66% 66 66 66 4 Gimbel Bros 5 5 Gitr.bel pfd 27% 27% 27% 27% Or Un Tea ... 7% 74 7% 74 Hahn Dept Sts . 74 6% 74 6% Jewel Tea 51 Kresge S S 204 20% 20 4 20% Kroger Qroc.... £3% £2% £2% £24

TlfE INDIANAPOLIS TIMES

1 Macv R H .. . 474 46 4 46% 47% ! Marshall Fields . 171* 174 17% 17% I Mav Dept St .. . 424 42 42 424 Mont Ward . 30 4 30 4 Natl Tea 17% 174 174 17% Penny J C 63% 62 4 62 % 63% Safeway St ... 54% 54% 544 54% Sears Roebuck.. 49 4 48 % 49% 49 Woolworth 53% 52% 524 53% Aviation — Aviation Corp . 8 7% 7% 7’* Curtiss Wright 44 4 44 4 Curtiss Wr (Ai 104 104 104 10% Douglas Air 23% 23 23 23 4 Nor Am Av . . 6 64 Speerv Corp . 10% 10 104 10% United Aircraft . 23% 23% 234 234 Wright Aero 56% Chemicals— Air Reduction ..102 01% 101% 102 Allied Chem .. . 145% 145 Am Com Alco . 48 474 474 46% Col Carbon .74 73 73 73% Com Solvents •. 27% 26% 26% 27% Dupont ... 96 95% 95% 94% Freeport Tex .. . . 444 44 44% 454 Liquid Carb ... 344 34 34 344 Math Alkali . 35 344 344 34% Montosonta Ch 92% Natl Dis (new).. 30% 30% 30% 30% Schenelev Dist . 34% 33% 34 33% Tex Gulf Sulph.. 36 V, 354 35 % 36% Union Carbide 44% 44 44 44% U S Indus Alco . 51% 51 % Virg Ch 6% pfd 22 21% 21% 214 Drugs— Cotv Inc 64 6 6% 6% Lambert 27 264 27 27 Lehn Ac Fink 23 22 4 22 4 22% Un Drug 17% 17% 17% 174 Zonite Prod 6% 6% Financial— Adams Exp 9% 94 94 94 Allegheny Corp 3*/* 3% Am Int Corp 84 Chesa Corp 47 46% 47 46 Lehman Corp.... 74 73 74 72% Transamerica . 7 6% 7 6% Tr Conti Corp ... . 5 5% Building— Am Radiator 15% 15% 15% 15% Gen Asphalt .... 224 21% 21% 22% Int Cement 29% 28% 29 28% Johns Manville 58% 56% 57% 564 Libby Owens Gls 364 36 36 36% Otis Elev 16% 15% 16% 16 Ulen Const 3% ... Household— Col Pal Peet 17% 17 17% 17% C’ongoleum 284 284 28% 28 Kelvinator 19 18% 19 184 Mohawk Carpet 21% 204 204 20% Proc Ac Gamble . . 36% 36% Simmons Bed 194 19% 19% 19% Textiles— Amer Woolen .. 13% 13% 13% 14 Belding Hem 14% 14% 14V* 144 Celanest Corp . 32% 31% 32 324 Collins Aikman.. 23% 23 23 23% Gotham Hose ... . 10 10 Indus Rayon .. 76 4 75% 764 77% Kayser Julius 17% 174 New York Curb ißy Abbott, Hoppin & Cos.) —April 27 Close) Close Allied Mills 84 Gulf Oil of Pa 65V* Am Cyanide B 214|Hiram Walker 40% Am GAc El 264!Hud Bay Min. 13% Am Superpwr . 3% Humble Oil .. 45 Ass G Ac El %;Imp Oil Ltd . 14% Atlas Corp 12%)1nt Petrol ... 26% Brazil Trc Ac Lt 10% Lake Sh Min 51 Can Ind Ale A. 134 Libby McN Lib 64 Can Marc . 2%!Lone Star Gas 7% Carrier Corp . 8% Natl Bell Hess 3% Cities Corp 3% Nia Hud Pwr . 6% Commonw’th Ed 56 (Pan Am Airways 41 Consol G of Bit 6 IPark Davis ... 24% Cord Corp 6 'Penn Road 3% Creole Petrol.. 12% St Reg Paper.. 4 Deere Ac Cos .. 28% Sal Creek Prod. 7 Distill Lim ... 234 Sherwin Wms . 664 DistiH Corp ... 19 jstd of Ind ... 274 El Bnd Ac Sh . . 16% Std of Kv .... 164 Fisk Rubber . 16%!Technicolor Ind 94 Ford of Can A 234:reck Hugh Gold 2% Ford of Europe 7%'un Gas 3% Glen Aid Coal 17 lUn P Ac Lt A 3% Wright Har Min 9% 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 & Cos.)

TOTAL SALES. 31.000 SHARES. —April 27 Acme Steel Cos 44 43 % 44 Adams Mfg 16 15 16 Allied Products . 17 Am Pub Serv pfd 8 7 1 /* 8 American Vvette % Asbestos Mfg 3% Assoc Tel Util ‘A’ pfd % Bcrghoff 8% Bastian-Blessing . . 7 Borg-Warner 24% 24% 24% Brach & Sons . 11% Butler Bros 11% 11% 11% Cent 111 Pub Serv pfd . 23 22 V* 22 V* Cent Ind Power pfd .... ... 14% Cent Pub Serv Class ‘A’ % Cent Pub Util % Cent & So* West . 11/*I 1 /* Cen & So West P L pfd 15% 14% 15% Chi & North Western . 12% Chicago Corp com 2% 2% 2% Chicago Corp com 27% 27 27 Chcago Flexible Shaft 10 Commonwealth Edison . 57 56 1 2 57 Consumers 7% pfd 2 Cord Corn 6 5% 6 Crane Cos 9% 9V* 9% Crane Cos pfd . 59 Curtis Mfg Cos 16% 15% 15% Dexter Cos 5% 5V* 5% Gen Household Util ... .. 14% General Candy Corp .. 6% 6% 6% Great Lakes Aircraft . .. ... % Interstate Power 7% ■ • ■ • 15% Iron Fireman 15 14% 15 Jefferson Elec 13 Kalamazoo Stove ... 24 Katz Drug ... 36% Kingsbury . 6% Libbv-McNeil 6% 6% 6% Lindsav Light 2% 2 2 Marshall Field 17% 17% 17% McCord Rad A ... 17 McGraw Electric ... 9% Merchants & Mfrs A 3 Middle West Utilities . % % % Mosser Leather ... 13 National Leather ... 1% National Securities Inv 1% National-Standard . . . . ■ 26 Noblitt-Sparks Ind Inc 14% 14% 14% North American Car ... 5% Parker Pen 9 Perfect Circle 32 Potter Cos 6% 6 6% Public Service 6%pfd . . . 59 Public Service 7% pfd . 66 Quaker Oats 111% 11 111 Raytheon & T C 3% Southern Union Gas .... ... 1% So W G & El pfd 59 Stutz Mot C Cos of Am 5 Swift & Cos 17% 17% 17% Swift International ... 30% 30% 30% Utility & Ind 1% Utility & Ind pfd ... 4% Vortex Cup Cos 12 11% 12 Ward. Montgomery A 1% Wieboldt Stores ... 15% Zenith Radio 3% Investment Trust Shares (By Aboott, Hoppin & Cos.) —April 27 Bid. Ask. American Bank Stocks Corp 1.23 1.26 American & General Sec A 5.00 7.00 American & Inv Tr Sh 1.70 Basic Industry Shares 3.50 3.62 British Type Inv Tr Sh 52 .60 Collateral Trustee Shares A 4.85 4.95 Corporate Trust Shares (oldi 2.15 2.19 Corporate Trust Shares (newi 2.42 2.46 Cumulative Trust Shares 4.20 .... Diversified Trust Shares A .. 625 Diversified Trust Shares B . .. 7.87 8.12 Diversified Trust Shares C ... 3.26 3.30 Diversified Trust Shares D ... 4.89 4.95 First Insurance Stock Corp .. 1.30 1.36 First Common Stock Corp ... .81 .85 Fixed Trust Oil Shares A 8.62 Fixed Trust Oil Shares 8.... 7.62 Incorporators Investments ... 18.62 18.87 Land Bank Bond Shares 1.16 1.19 Low Priced Trust Shares .... 645 6.55 Mass Inv Trust Shares 19 44 21.13 Nation Wide Securities . 1.55 3.60 North Am Trust Shares (53> i.90 1.95 No Am Trust Shares (55-561 . 2.46 2.49 North Am Trust Shares (58) 2.56 2.55 Selected American Shares 2.72 Selected American Shares Inc 1.26 1.35 Selected Cumulative Shares 6.97 Selected Income Shares 3.62 4.12 Std. American Trust Shares A 3.06 3.10 Trust Shares of Amer’csr . . 2.92 2.96 Trustee Std Oil A 560 5.75 Trustee Std Oil B 5 18 5.24 U S Electric Lt & Pwr A 13.00 13.50 Universal Trust Shares . 6 3.10 315 Daily Price Index (By United Press 1 NEW YORK. April 27.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press; (1930-1932 average. 100) Today 105.52 Yesterday 105.00 Week ago 105 55 Month ago 107.27 Year ago 81.58 1934 high 'March 12) 110.24 1934 low (Jan. 3i . ... 101.05 (Copyright, 1934. Dun Sc Bradstreet. Inc.i 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 $267,462.

PORKER PRICES UNCHANGED IN SLOWSESSION Veals Advance 50 Cents; Cattle, Lambs Are Steady. Steady trading range featured the pork market at the Union Stockyards yesterday. Initial action was slow and receipts around normal. The bulk, 160 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 7 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 Thursday’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. 2f. $4.95® 4 10 $4.10 2.000 23. 3.90® 4.00 4.05 8.000 24. 3.75® 3.85 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.C00 Market, steady. (140-160) Good and choice . $ 3.40® 3.65 —Light Weights—-(l6o-180) Good and choice ... 3.85 (180-200) Good and choice . 3.85 —Medium Weights—-(2oo-2201 Good and choice ... 3,90® 400 (220-250) Good and choice .. 3.90® 4.00 —Heavy Weights—-(2so-290) 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, steadJS (1,050-1,100) 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 excluded) 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 Cattle— Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1.500) 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 choke $8.50® 9.00 (90-110 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) CHICAGO. April 27.—Hogs—Receipts. 20,000, including 11.000 directs; slow; about steady with yesterday; 170-290 lbs., $3.75 ® 3.90; top. $3.95; 300-360 lbs.. $3.50®3.75; light lights. $3.40®3.75; good pigs, $2.25® 2.75; packing sows, $2.90®3.15; light lights, 140-160 lbs., good and choice. $3.25®3.80; light weight 10-200 lbs., good and choice, [email protected]; medium W'eights, 200-250 lbs., good and choice, $3.75®3.95; heavy weights, 250-350 lbs,, good and choice, $3.50®3.90; packing sows. 275-550 lbs., medium and choice, $2.80®3.35; slaughter pigs. 100-130 lbs., good and choice, $2®3.25. Cattle—Receipts, 1,500; calves, receipts. 1,000; all killing classes fully steady with vealers. 25® 50c higher than early yesterday: comparatively few fed steers and yearlings on sale: 1.450 lbs. and above held above $8.60; lower grade light steers, $5.50® 6; practical top sausage bulls, $3.50: cutter cow's slow; mostly s2® 2.75; select vealers up to $7 sparingly; slaughter cattle and vealers: steers. 550900 lbs., good and choice, $5.75® 7.50; 9001,100 lbs., good and choice. $5.75®7.75; 1.100-1,300 lbs., good and choice. $7®8.50: 1.300-1.500 lbs., good and choice. $7.25® 8.75; 550-1,300 lbs., common and medium. $6.25®.7.25; heifers, 550-750 lbs., good and choice. $5.25® 6.25; common and medium. [email protected]; cows, good. $3.75®4.75; common and medium. $2.85®4; low cutter and cutter, s2®3; bulls yearlings, excluded, good beef, $3.35®3.75; cutter, common and medium. $3®3.50; vealers. good and choice. $5.50@7: medium $4®5.50; cull and common, s3® 4: stocker and feeder cattle: ®6: common and medium, $3.50®5. Sheep steers 550-1,050 lbs., good and choice, $4.75 —Receipts, 9,C00: fat lambs opening slow; few sales; indications around steady good to choice wooled lambs held at $lO 25 and up. buyers talking under $10: increased numbers of clipped lambs on sale here; sheep fully steady; slaughter sheep and lambs: lambs 90 lbs. down, good and choice. slo.lo® 10.35; common and medium $7.50® 10.10: 90-98 lbs, good and choice. slo® 10.25; ewes 90-150 lbs., good and choice, $4®5.65: all weights, common and medium. $3®4.75. FT WAYNE. April 27.—Hogs—Steady; 250-300 lbs.. $3.85: 200-250 lbs., $3.30 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. $6.50; 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., $194 ® 2.40: roughs. $3 down. Top calves—ss.so Top lambs. SB. CINCINNATI. April 27. —Hogs—Receipts 3.500 head; including 275 direct and through: holdover. 490; trading backward; few loads, better 160-300 lbs., 10 cents higher at $4.10: bulk those weights. $4 bid: lighter weight and packing sows, steady; 140-150 lbs.. $3 25®3.75; most underweight and pigs. s2® 3; good packing sows. $2.50® 2.75. Cattle—Receipts. 800; colves, 600: active on light supply; steers and heifers strong to shade higher; most steers and heifers. ss®6; fat cows. $3 25® 4.25; low cutters and cutter. $1®3.25: sausage bulls. s3®4; calves. 50 cents higher; bulk good to choice vealers. s6® 7; others. $5.50 down. Sheep—Receipts. 150: generally around steady: medium to good spring lambs. slo® 11; strictly choice handvweight. sl2; few better fat shorn lambs. $8.50 down; fat ewes listed at $2.50 ®3 50. (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® 5.25 very little below, $4.50; better finished fed steers and heifers. $5 50 to around $6.25; bulk beef cows. s3®4: good handvweight heifers types to $4 25: most low cutters and cutters. $1.50®2 75: bulk sausage bulls. $3.50®3.75; few better heavy kinds higher: bulk desirable light Hereford 1 Stockers, $4 75®5.25: common to medium grade natives mostly s3® 4. Calves—Re- i ceipts. 500. including 168 stock calves: better grade vealers. strong at ss® 6; lat- i ter only strictly choice kinds: medium and I lower grades around 50c higher at s3® I 4.50. Hogs—Receipts.- 9M; market. 10c j higher; top and bulk finisned 170-240 lbs , I *3 90: all grassy and unfinished hogs dis- I counted 50c®*1: 245-270 lbs.. $3.55: 275 lbs. up. S3 20: 145-165 lbs. $3 40; 120-140 lbs., $2.05: sows, $1.95. Sheep—Receipts 75: generally steady: spring iambs mostlv slo® 11; bulk better kinds. $10.50® 11‘: 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 Chirago. Milwaukee, St. Pan! Sc 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 twelve months ended March 3* were ! equivalent to *2 99 a share on the common stock against 53.80 a share in the previous twelve-month period. 1

Bethlehem Steel Cuts Net Loss to $902,044

Company Reports Current Operations at Rate of 55 Per Cent. By United Perm NEW YORK. April 28 —Tlie Bethlehem Steel Corporation yesterday reported a net lass 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 last 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, [email protected]. Melons—Argentina Honeydews. $3.50. Cantaloups—Pony crate. $4.50; standard (45). $5. Pears—Cala\'os, $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, $1.85®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. Cauliflower—California. $2.25. Cucumbers—Hot house, per dozen. sl.lO. Lettuce—Hot house. 15-lb. basket. $1.50; Iceberg best. $4.50®4.75 a 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—lllinois, 60® 75c bushel. Spinach —Texas. 50@75c bushel. Beans—Southern Green. [email protected]; W'ax, $3.50. Cucumbers —Central western hothouse. $1.65®2.25 (2 doz.). Tomatoes—Florida. $2.50®3 big box: central W'est hothouse, $1.75®1.85. Sweet Potatoes Tennessee, $1.65® 1.70 bushel hampers. Mushrooms—lllinois. 20 ®3sc. Asparagus—California, [email protected] (doz. bunch). Leaf Lettuce —Illinois hothouse, 65®75c GO lbs.). Onion Market 1.35: Michigan Yellow's, 50® 90c Texas Yellow’s. [email protected]; Texas Whites, $1.15(g 1.30.

Bright Spots

(By Abbott. Hoppin & Cos i “ 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 o r the current year amounted to $1.21 a .hare on the common stock, against 45 cents a share in the first 1933 quarter. New York. New Haven & 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 March 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 Company 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 quarter 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 193.3 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. SCOUTS AND LEGION JOINTLY Edgewood Troop and Hugh Copsey 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 th

-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 Tcaßar Our desire to co-operate with code Authorities prompted this correction. Effective at once. THE FAIR

STEEL OUTPUT UP 4 POINTS DURING WEEK Operations Reach 56 Per Cent of Capacity. By Timm Special CHICAGO. April 28.—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 45 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.

Cash Grain

INDIANAPOLIS —April 27 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—Strong; No. 1 red. 68® 69c; No. 2 red. 67®68c; No. 2 hard, 67® 68c. Corn —Steady; 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— Steady; No. 2 white. 27®28c: No. 3 white, 26® 27c. Hay IF. o. b. country points taking 234 c or less rates to Cincinnati or Louisville). —lnspections Wheat —No. 1 red, 1 car; No. 1 mixed. 1 car. Total. 2 cars. Corn —No. 2 white, 8 cars: No. 3 white. 4 cars; No. 4 white, 1 car No. 2 yellow. 4 cars; No. 3 yellow, 8 cars. Total, 25 cars. Oats —No. 2 white. 4 cars; No. 3 white. 1 car; No. 1 mixed, 1 car. Total. 6 cars. Local Wagon WTieat City grain elevators are paying 64 cents for No. 2 soft red wneat. outer graces on their merits. (By United Press) CHICAGO. April 27 —Cash grain: Wheat —No. 2 northern smutty. 734 c. Corn — No. 2 yellow' 46%®47%c; No. 2 yellow’, lake. 464 c; No. 2 yellow, old. 464 ® 47c; No. 6 yellow. 41%c; No. 2 white. 44%c; No. 2 white, lake. 48%c; No. 2 white, cld. 49®49%c; sample grade white. 30®38c. Oats —No. 2 white, 30%®31%c: No. 2 white, lake, 30%c; No. 4 white. 2®c. Rye— No sales. Bariev—ss®76c; quotable. 40®> 80c. Timothy—s6®6.so: clover seed. sll ® 11.25. Cash provisions—Lard. $5.62; loose. $5.40; leaf, *5.37; bellies, $7.75. TOLEDO. April 27.—Grain close: (Grain in elevators, transit billingi—Wheat—No. 2 red. 80@81c. Corn—No. 2 yellow. 50® 51%’C. Oats—No. 2 white, 34® 35c. RyeNo. 2. 59® 60c. (Track prices. 284 c rate). Wheat—No. 1 red. 76®764c; No. 2 red, 75®76c. Corn —No. 2 yellow. 46@47c; No. 3, yellow. 45®46c; No. 4 yellow, 44®45c. Oats—No. 2 white. 306®324c; No. 3 white, 30®32c. (Toledo seed close). Clover, cash. $8.25- alsike. cash. $8.50. ST. LOUIS. April 27.—Cash Grain Wheat —Steady, l%c higher; no offerings; No. 2 red. 774 c, nominal; No. 2 hard, 774 c, nominal. Corn—Steady; no offerings; No. 1 white. 51c. Oats —Steady; no offerings; No. 2 white. 304 c. CHICAGO PRIMARY RECEIPTS —April 27Bushels. Today. Last Week. Wheat' 223.000 337.000 Corn 304,000 220.000 Oats 109,000 78.000 N. Y. Coffee, Sugar Futures COFFEE —April 27 —Santos— High Low Close March 11.49 11.45 11.49 Mav 10.77 10.72 .1074 July 10.92 10.86 10.92 September 11.34 11.29 11 32 December 11.43 11.38 11.43 —Rio January ... 8.65 March 8.69 May 8.27 8.21 8 25 July 8.42 8.38 8 42 September 8.60 8.58 8.58 SUGAR —April 27 January . 1.61 March 1.67 1.66 1.67 Mav 1 44 1 43 1 44 July 1.47 1.46 1 47 September 1.54 1.53 1.54 December 1.60 1.53 1 60 In the Cotton Markets —April 27 CHICAGO High. Low. Close. January 11 48 11.26 11.48 March 11.60 11.41 11.58 May 11.10 July 11.18 10.97 11.18 October 11.36 11.12 11.33 December 11.47 11.23 11.43 NEW YORK January 11.45 11.21 11.45 March 11.58 11.32 11.54 Mav 11.01 10.71 11.00 July 11.16 10.89 11.11 October 11.30 11.05 11.27 December 11 42 11.16 11.39 NEW ORLEANS January 11.42 11.20 11 39 March 11.50 11.49 11.50 Mav 10.92 10.71 10 92 July 11.13 10 87 11.10 October 11 27 11.00 11 24 December 11.37 11.13 11.34 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 4.75 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8 25 Pocahontas forked lump 9.25 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 Bin. Steel Fabi ication Rises By Timex 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.

PAGE 11

BUYING SPURT AT CLOSE AIDS WHEATVALUES Complaints of Unfavorable Crop Weather Creates Bullish Tone. BY HARMAN W. NICHOLS United Pres* Staff Correspondent CHICAGO. April 28. Repeated complaints of unfavorable crop weather worked a bullish effect on grains on the Chicago Board of Trade yesterday. Rather spirited buying continued to the close and wheat finished '4 to 1 cent higher. Corn was unchanged to cent lower, and oats were % to 4 cent higher. A break in corn early brought an easier tone into the market, but there was aggressive commission house buying on the way down and later the demand broadened and with locals on the bull side, prices jumped nearly 2 cents from the inside figures. Taken in general, the run of w r eather reports from the northwest today were the worst of the season to date. Rainfall was estimated to be about 48 per cent of normal in certain sections of the spring wheat belt while in March the average was i 79 per cent of normal. R. O. Cromwell, crop expert for Lamson Brothers A: Cos., returned today from an 1,800-mile tour in Kansas and Southern Nebraska. He said he found wheat good in Kansas except in the north central and northern parts and claimed this latter section could produce a fair crop if weather turns favorable. Reports from Minneapolis yesterday indicated that the situation in the northern half of North Dakota is still fair, but South Dakota and western Minnesota situations generally were poor. Liquidation was under way in May corn and oats again yesterday but all grains rallied rather sharply with the improved tone in the major pit. Provisions averaged easier, but the trade was light. Chicago Futures Range —April 27 (By United Press) Wheat— Prev. Open. High. Low Close, close. Mav . .75 4 77% .74% .76% .75% July.. .75% .77% .75% .76% .75% Sept .76% .78 4 . 76% .77% .76% Corn— May.. .43% 44% .43% .43 4 .44 July . .46% .47 .45% 46% .464 Sept.. .48 .48 4 . 474 .48 . 48% Oats— May.. .27% 27% .27% .27% .274 July.. .27% .28% 27% .28% .27% Sept . 28% 28% .28% .28% .284 Rye— May.. .53% .54% .53 .53 4 . 53% July.. .54% .554 .54% .54% 544 Sept .56% .57% .55% .56% 56% Barley— Mav . .37 .37% .37 .37% .37 July.. .39 39% .39 39% .37 Sept .40 4 .40% .40.40% .40 Lard—(Old). May . 5.07 5.07 505 5.07 5.20 Bellies—(Old). May 6.90 6.90 Bellies—(New). May 7.50 7.55 July 7.87 7.85 Sept 8 10 8.10 Lard—(New). May.. 565 5.67 5.62 5.62 5.72 July 5 80 5.85 Sept 6 02 6.07 Oct . 6 12 6.15 Dec 6.25 6.27 Births Girls George and Minnie Fee r. 2360 Hawthorne Ernest and Gwendolyn H nning. 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 Nlcewander. St. Vincent’s hospital. William and Theodora Speropoulos. St. Vincent's hospital. John and Essie Eisenmenger, 1120 Me* Dougail. Albert K and Freda Smith. St. Francis hospital. Lloyd N. and Cleo Hendricks. St. Francis hospital. Boys James and Faye Ross. Methodist • hospital. Carl and Favne Joyce, Methodist hospital. Sherman and Edelle Hoyt, Methodist hospital. Elmer and Bessie Frve. Methodist hospital. Lincoln and Louise Pennak, St. Francis hospital. Joseph and Mary E Todd. St. Francis hospital. Twins. Henry C and Ann Good, St. Francis hospital, boy and girl. Deaths Grace Jane Palmer, 59. 5122 Grandview drive, coronary occlusion. Lida M Bissell, 78. 1108 North Tuxedo, cerebral hemorrhage Harry 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.

OFFICE SPACE

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