Indianapolis Times, Volume 45, Number 305, Indianapolis, Marion County, 2 May 1934 — Page 13

MAY 2, 1934.

SWINE PRICES RISE 5 CENTS; VEALS STRONG Cattle Market Slow and Draggy; Most Sales Average Lower. New strength developed in lew classes of hogs in eariy trading at the local stockyards this morning and the general price trend was around steady to 5 cents higher than yesterday's average. Slight dip in receipts from the previous session was believed mostly responsible for the initial advance. The bulk, 160 to 325 pounds, was Belling at $3.70 to $3.80, while several choice kinds sold at $3.85. Extremely light killing pigs, scaling from 130 to 160 pounds, brought $3 to $3.50. Smaller kinds, weighing 100 to 130 pounds, were salable at $2 to $2.75. Receipts were estimated at 6.000; holdovers, 290. With practically all slaughter classes of steers in the cattle market slow and draggy, only slight action was displayed in the early trading. Price trend averaged slightly lower. Receipts were 1,100. Vealers were strong, selling at $5.50 down. Receipts numbered 800. Lamb values continued unchanged. Bulk of shorn western grades sold up to $9, while good ewes ranged from $4 25 down. Receipts were 800. Initial bids on hogs at Chicago were mostly 5 cents higher than yesterday’s average. Bulk of choice grades, 190 to 240 pounds, was bid in at $3.75 to $3.85. Receipts were estimated at 18.000. including 10.000 directs; holdovers, 2,000. Cattle receipts were 10.000; calves. 2.000; market, strong. Sheep receipts 8,000; market stationary. HOGS April. Bulk.. Top. Receipt^ £g. 13 80-5 3 90 53.90 ‘.OOO 27. 3.80® 3 90 4 00 28. 3.75® 3 8 0 3 9 0 2 000 30. 3.75® 3 80 3 00 2.000 30. 3.80® 3.85 3 95 7.000 3 70® 3.75 3 80 8 500 3.3 70® 3 80 3 85 6.000 Market, higher. (140-160) Good and choice... $ 3.25® 3.50 —Light Weights—-(l6o-180) Good and choice ... 3.70 (180-200) Good and choice ... 375 —Medium Weights—-(2oo-220* Good and choice.... 3 80® 385 (220-2501 Good and choice.... 3 80® 3.85 —Heavy Weights—-(2so-290* Good and choice ... 3.80® 3.85 (290-3501 Good and choice ... 3.65® 3.80 —Packing Sows—(3so down* Good 3.00® 3.25 (250 lb.) Good 2 85® 3.15 (All weights* Medium 2 .5 3.00 —Slaughter Pigs—-(loo-130) Good and choice ... 2 00® 2.75 CATILE Receipts. 1,100; market, steady. (1.050-1,100) Good and choice $ *'22 Common and medium 4.000- o.so (1,100-1,500* Good and choice 6.75® 8.25 Common and medium 5.00® 6.75 (675-750) . , __ Good and choice 5.25® 650 Common and medium 3.00® 5.2a (750-9001 — Good and medium 4.75® 6.2a Common and medium 3.75® 4. <5 -—Cows - Good 3.50® 4.50 Common and medium 2.75 ®' 3.50 Low cutter and medium l.<s® 2.75 —Bulls -yearlings excluded* Good (beef steers) - 3.00® 3.75 Cutter, common and medium. 1.75'a 3.00 VEALERS Receipts, 800; market, steady. Good and choice $ 6.00® 6.50 Medium 4.00® 6.00 Cull and common 2.50'a) 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.*5 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 (90-110 lb * Good and choice 8.50® 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 (Bv United Press) CHICAGO. Mav 2.—Hogs Receipts, 18.000. including 10.000 directs; market slow. 5c higher ihan Tuesday's average, 180 to 250 lbs.. $3.75® 3.85; top. 53.85; 260-350 lbs. <3 50 ® 3.75; 140-170 lbs., $3,254)3.75; most pigs. $2.50 down; packing sows. S2 90 *5 3 10; light lights. 140-160 lbs., good and choice. $3 25-ii3.75; light weight. 160-200 lb . good and choice. .S3 50® 3 85; medium weights. 200-250 lbs., good and choice, 53.70 ®3 85; heavy weights. 250-350 lbs., good and choice. S3 50-<i 3 85; packing sow s. 275550 lbs., medium and choice. $2 80'/ 3 35: slaughter pigs. 100-130 lbs., good and choice, *2® 3.25. Cattle—Receipts. 10.000: calVes, 2.000: shippers buying big weight steers at strong to 25c. higher: $9.50 paid, several loads $9.25® 9.40; rank and file heavy steers. sß''-9: yearlings and light steers and all other killing classes fully steady; best heifers. $6 35: cows $4 and up. few killing steers under $6; slaughter cattle and vealers: steers. 550-900 lbs., good and choice. $6 ® 7.75; 900-1.100 lbs., good and choice. *6®B 75: 1.100-1,300 lbs., good and choice. $7.50® 9.50: 1.300-1.500 lbs. good and choice. $7.75-7 9 50: 5501.300 lbs., common and medium, $4.50® 7.75: heifers. 550-750 lbs . good and choice. $5 25® 6.50; common and medium. *3 50® 5 25; cows good. S4'• j 4 75; common and medium. $2 90® 4: low cutter and cutter. $1.75®2.90: bulls -yearlings excluded- good beef. $3.40®3.85; cut common and medium s3®3 50; vealers good and choice. $5.50 -7: medium. $4-*; 5.50: cull and common. *3® 4; Stocker and feeder cattle steers. 5501.050 lbs., good and choice $4.75 -6; common and medium, $3.50® 5. Sheej—Receipts. 8.000: fat lambs in fairly broad demand undertone steadv to strong with sellers asking 25c and more higher on desirable weoled kinds: bulk wooled lambs above $lO 25; nearly good clipped lambs around $8.75: sheep strong to 15c higher. CINCINNATI. May 2 Hogs— Receipts. 3 500. including 95 direct and through: holdover. 490; opening trade around steady; weaker tendency on light lights topped and earlv bulked. 160-300 lbs.. $4: 140-160 lbs . S3 25® 3 75: lighter weights from $3 down: good packing sows. $2 50® 2 75. Cattle— Receipts. 1.100: calves: 600 generally fullv steadv: slaughter steers and heifers mostly $5 5017 6 50; few weighty steers upward to $7: and strictly good cuotable above: fat cows principally. $3.50 , 4 25; odd head $4 75; bulked low cutters and cutters. $5 25 -7 3 50: most sausage bulls s3®4; calves weak to 50c lower: few lots choice. $6 50; general market, $5.50 -6 for good to choice vealers and plainer sort from $5 down. Sheep—Receipts. 450; direct and through. 129. generally steady: most good to choice spring lambs. sll® 12. plainer kind from $lO down to $8; better shorn old crop lambs absent: and quotable from sß®9: fat clipped ewes from s3®4. LAFAYETTE. May 2—Hog market steadv to 5 cents higher: 250-325 lbs $3 45 (,i 3 70' 170-250 lbs . $3 55 -3 65: 150-170 lbs $3 25.-3 45 130-150 lbs. $2 75 3: 120-130 lbs, $2 25® 250 100-120 lbs. $1.75 @2 roughs $2 75. Top calves. $5 50. Top lambs. $8 50: spring lams. $lO. FT WAYNE Mav 2—Hogs —Steadv to 10c higher; 250-300 lbs $3.80: 200-250 lbs $3 75: 160-200 lbs . $3 65; 300-350 lbs. $3 40; 150-160 lbs . $3 35: 140-150 lbs S3 10: 130-140 lbs $2 85. 120-130 lbs. $2 35: 100120 lbs. $2 roughs. $2 75: stags, $l5O. Calves $6; lambs. $9.75 down. By Time* Special LOUISVILLE. May 2. —Cattle—Receipts. 275; including 70 direct; run includes load stockers; salable supply slaughter classes, light: demand fairly broad: market, active and fullv steadv; bulk, common to medium grade steers and heifers. $4 50® 5 50: better finished kinds around $6 50; bulk beef cows $3 25®4 25: low cutters and cutters, mostlv *lso® 2 75; sausage bulls. $3 75 down: bulk desirable light Hereford and Shorthorn stockers. $4 75® 5 25: most common to medium grade natives. $3 :4. Calves—Receipts. 350; steady, bulk better vealers. $4 50 ®5: strictly choice. $5 50; medium and lower grades. $4 down Hogs —Receipts. 1 000; steady: top and bulk finished 170-240 lbs *3 75; 245-270 lbs . *3 40: 275 lbs up. $3 05 145-165 lbs.. *3 25: 120-140 lbs . *1 90. sows. $1 80 SheepReceipts. 150; steady: bulk better spring lambs. *lO 50 to mostly *11; plainer grades down to *9 or less: better wooled lambs. *B®9; cull to medium kinds, *4® 7; bulk better clipped ewes. $2 50 ®3. Many Roads Unimproved About two-thirds of the road mileage in the United States still rates as “unimproved.’’

Losses; Profits of Huge Exchange Houses Shown Financial Condition of Ten Major Stock Firms During Last Five Years Is Revealed in Report to Senate Banking Committee. By United Prex * WASHINGTON. May 2.—Here are the profits and losses of major Stock Exchange houses in the past five years and eight months, according to answers to senate banking committee questionaires. The reports were made public late yesterday as congress prepared to enact stock market control legislation. The figures are profits unless otherwise noted.

Goldman, Sachs & C 0.—1928 $6,681.578; 1929. 57.900.824; 1920, 59,049.742 (loss); 1931. $2,183.003 (lass); 1932, $522,820 (loss); 1933 (eight months*. $270,731. Richard Whitney & C 0.—1928, $313,140. 1929 $1,112,231; 1930. $526,226; 1931, $231,307; 1932, $170,702; 1933 (eight months), $231,197. J. P. Morgan & Cos. (commissions only)—l92B. $546,842; 1929 $1,077,235; ®3O, $754,011; 1931, $603,705; 1933, $567,022. 1933 (eight months), $495,377. Kuhn, Loeb & Cos. (commissions only)—l92B, $205,814. 1929. $250,753; 1930. $261,631; 1931, $126,276; 1932, $83,852; 1933 (eight months), $91,611. Lehman Brothers—l92B. $12,479,693; 1929, $12,401,011; 1930 (loss), $1,502,882; 1931 (loss), $2,915,363. 1932 doss), $1,204,236; 1933 (eight months, loss), $137,163. Eastman, Dillon <fe C 0.—1928, $2,058.274; 1929, $949,327; 1930 (loss), $867,753; 1931 (loss), $665,877; 1932 doss), $374,576. 1933 (eight months, loss), $732,137. Hayden. Stone & C 0.—1928, $3,570,928; 1929. $3,439 572; 1930, $321.077; 1931 (loss), $7,908; 1932 (loss). $2,873,202; 1933 (eight months) $366,851, Hornblower & Weeks—l92B, $7,024,744; 1929, $4,593,749. 1930 doss), $1,608,772; 1931 (loss), $1,311,614; 1932 doss), $1,086,144; 1933 (eight nwmths), $1,112,820. E. F. Hutton & C 0.—1928, $7,186,328; 1929, $8,186,328; 1930 doss), sl,064,239. 1931 (loss), $667,952; 1932, $56,563; 1933, $1,639,648. W. E. Hutton & Cos. —1928. $4,516.528; 1929. $3,403,803; 1930 doss), $795,316; 1931 (loss), $900,334; 1932 doss), $1,053,394; 1933 (eight months), $435,819. DROP IN GRAIN FREIGHT CUTS RAILROAD TRAFFIC Santa Fe Loadings Decline 714 Cars During Week. By Timex Special CHICAGO, May 2. —A sharp decline in grain-shipments during the last week was attributed to the losses in traffic on the Milwaukee Sante Fe railroads compared with the figures in the previous year. Milwaukee reported 22,471 cars, compared with 22,324 in the preceding week and 23.053 in the same week of 1933. The Santa Fe road loadings amounted to 23,654 last week compared with 24,368 the previous week, and 23,670 last year. However, increases were reported by Northwestern and Chesajieake & Ohio. Northwestern reported 23,816 cars last week, 23,849 in the preceding week and 21.052 in the week of 1933. whie the latter companyshowed loadings at 28,939, 28,062 and 24,021, respectively. STEEL OUTPUT REACHES OF YEAR Youngstown District Operating at 61 Per Cent of Capacity. By Timex Special YOUNGSTOWN, 0., May 2.—Output of steel in the Youngstown district carried production to 61 per cent of capacity last week, the highest rate of the year. Pay rolls continue to keep pace with the production percentage and on April 25 were the greatest in more than thre years, it has been announced. Indications are that the production will continue strong, with an operating rate of 60 per cent for st least two months. Fifty-three of the district’s open hearths will be in operation as will three of the four Bessemer plants. ASSET SALE CONTINUED Grigsby-Grunow Company Auction to Be Resumed Tomorrow. By Timex Special CHICAGO, May 2.—Sale of assets of the Grigsby-Grunow Company has been continued until tomorrow by Referee Edmund D. Adcock, following a short session early this week which produced no sales. A bid of $500,000 for the refrigeration plant was presented at a previous meeting by Samuel C. Horwitz. who submitted a revised bid of $350,000 for the refrigerator equipment alone at the last meeting. Births Roys Alfred and Mattie Bridges. 1039 Castle Earl and Kathryn Lowe, 8200 Central Edward and Mary Porten. 1011 Blaine avenue. Harry and Doris Hickman. 2005 Highland Place. Richard and Mamie Valentine, ettv hospital. Girls Okley and Celeste Pappan. 1232 Broadway. Ralph and Agnes Smith. 1250 South Harding. Arthur and Alda Agv. 3128 Jackson. Theodore and Eunice Fisher. 2946 Wheeler. Ruby and Fanny Wade. 1427 South Richland. John and Mary Gerdt, citv hospital. Eugene and Edith Schneider, city hospital Benton and Ina Brown, city hospital. James and Arizona Hodge, citv hospital. Francis and Audrey Lee. city hospital. Meredith and Inez Rowe, city hospital. Twins Wilford and Louise Constantine, city hospital, boy and girl. Deaths Jasper L. Whitesell. 46. Veterans hospital. pulmonarv tuberculosis. Catherine Van Meter. 83. 1 West Twentyeighth. acute cardiac dilatation. Addie Viola Mclntyre. 62. 826 Eugene, acute cardiac dilatation. George C. SeufTert, 46. Veterans hospital. chronic myocarditis. Clara Garnett. 80s 2018 Broadway, acute uremia. Sophia Trendleman. 69. 2752 Chester, lobar pneumonia Nathan Moppins. 60. Community hospital. chronic myocarditis. Jeanette Faiconburv. 32. Long hospital, chronic nephritis. Anna Adams. 35. 2042 Yandes pulmonary tuberculosis. Caroline Roache. 84. 834 South Missouri, hvpostatic pneumonia. Rosalie Green 27. 954 North Belle Vieu place, endocarditis. Helen E Burns. 29. 4940 West Morris, pulmonary tuberculosis. Benton Vincent Canfield. 69. Twentysecond and College, corontrv occlusion. Elnora Ettenburn. 21. city hospital, lobar pneumonia. Bertha Miller. 60. city hospital, mitral stenosis. New Oil Well Completed Completion of its Leesville No. 11 well on the land of the Louisiana Land and Exploration Company has been reported by the Texas corporation. The well, completed at ;he 4.043 foot level, is flowing at the rat oi 1,700 barrels daily.

APRIL AUTO OUTPUT HIGHEST SINGE 1930 Chevrolet Production Rises 58 Per Cent in Month. By Timex Special DETROIT, Mich., May 2—Undiminished demand for new cars brought production of automobile plants to an estimated 400,000 unit output during April, the best month of the industry since May, 1930. Prospects for the current month, discounting the possibility of labor difficulties, are that the March output will be surpassed. Chevrolet led the group of manufacturers, gaining 52 per cent over the corresponding month of 1933. Deliveries totaled 203,385 cars and trucks since the beginning of the year to April 10. Many companies are running behind schedule, unable to keep pace with the large number of orders being placed. Cadillac Motor Car Company despite a price advance reports the best sales business in five years. Oldsmobile is working on a schedule of 12,000 cars this month, and reports their eight cylinder cars bought and sold so far this year is in excess of the entire year of 1933. Pontiac scheduled 18.000 cars for April, and expects to surpass that number this month. Hudson and Terraplane reports the best business in four years, and that production so far this year is more than 5,000 units ahead of the entire year of 1933. Produce Markets Delivered In Indianapolis Prices—Hens, lie, Leghorn hens, Bc. Leghorn spring6c: J arf!e springer-stags, 9c; cocks 5 lbs. and over 6c; under 5 lbs.. 4c; ducks, full feathered and fat. 4>/ 2 lbs. and ° yer 7c: geese, sc; young guineas. 1% to 3 lbs., 30c: old guineas. 20c. No. 1 strictly fresh country run eggs, loss oft 13c each full case must weigh 5 lbs. gross; a deS n °?H 10c .m u opund _, for each Pound under 55 lbs. will be made. Butter—No. l, 25®26c. No. 2 23@24c; butterfat. 21c.— Quoted bv Wadley. (By United Press) t ,£ HIOAGO ' y 2 - E W —Market unsettled; receipts, 24.215 cases; extra firsts, 16' 4 c; fresh graded firsts. ;5%c; current receipts 14 %c: dirties. 13c; checks, 12%c. Butter—Market, unsettled; receipts 9,093 tubs; extra firsts 90-91 * 2 score. 23%@ 23 zc. firsts <BB-89 1 2 scores, 22%®23c; seconds *B6-87% score), 22c; extras *92 s f ore J' 23 -t®24c; specials, 24%®25c; standards, 23%c. Poultry—Market, firm; receipts. 34 trucks: hens, heavy. 15%c; old roosters, 8c; Plymouth Rock springers. 25' 2 c; geese 8c; broilers. White Rock, 1 to 2 lbs.. 23c; Plymouth Rock. 3' 2 c.: tur&f ys ’r,i Bc ' White Rock fryers. 2 to 3 lbs., 25c; Plymouth. 25' 2 c; ducks. 16c. Cheese —Twins. 11®® 12 %c; Longhorns, 11%®) 12c; s,?™* es ’i k ll i 4 4/ J 2c Potatoes—Old stock: Supply liberal; demand and trading slowmarket weak; Idaho russets, 7 cars SI 50: 3 car /,- „ Sl - 55 : 1 car. 51.57 1 2 ; U. S. No. 2 1 S?r r - ?! 25: combination grade, 1 car. $1.25; Washington russets combination grade, 1 car, $1.30: Colorado McClures cotton bags, 1 car, $1.60; 1 car. $1.62%; Wisconsin round whites, 1 car $1 25: Nebraska triumphs. 1 car. $1.27%; Minnesota cobblers, partly graded. 1 car, 85c; 1 car. 90c New stock; supply liberal: demand and trading light; market slightly weaker; sacks per hundredweight Texas Bliss triumphs. 1 car. $3.25. CLEVELAND. May 2.—Butter—Market steady: extras. 28c; standards, 27 3 4 c. Eggs —Mraket barely steady; extra whites. 15ccurrent receipts. 14' 2 c. Poultry—Market - , firm, colored fowls, 4% lbs. and up. 17c; colored fowls, medium, 17c: Leghorn fowls, 3 2 lbs. and up, 16c; Leghorn Fowls, light, 14c: broilers, colored, ordinary. 23® 34c--01d roosters. 10® 11c: ducks, white, 5 lbs and oyer, 18c; ducks, light, old, 15c- broilers. fancy Rock. 26® 27c; broilers. Leghorn. 22c - Potatoes—Maine. $1.90® 2 per ~1 00- lb w sack: Florida Spaulding Rose mostly, Sa.so per barrel: Idaho. sl.Bo® 1.90Ohio best. $1.60® 1.65; partly graded $1 50 NEW YORK. May 2%-Potatoes-Steadv : V?-f^ s i? nc L, $K ' 3 - 25 bbl.: Southern. $1.75®4.75 bbl.:, Maine. $1.15®3.40 bbl.: Idaho. $2®2.10 sack; Canada, $1.90®2 bbl. Sweet Potatoes—Steadv; Jersey basket 60c® $2; Southern basket.. 65c® Si 75 Flour —Easy: springs patents. 56.20® 6.55 bbl Pork—Steady. Mess—s2o.2s bbl. Lard— Easier. Middle West Spot. 53.80®3 90 per 100 lbs. Dressed Poultry—Steady turkeys 15® 26c; chickens. 10' 2 ® 28c: broilers. 18® 28c; capons. 21®34c; fowls. 16®21c- Long Island duckjs. 15%®16c. Live Poultrysteady; geese. 6® 7c; turkeys. 10® 22c; roosters. 8c: ducks, 8® 12c: fowls. 17® 19cchickens. 10c; capons. 22c; broilers. 12® 24c. Cheese—Steady; state whole milk sp edals, 18® 19c; Young America, 12%® 13c. On Commission Row —May 2 —Fruits— Apples—New York Baldwins, fancy, $1.65 up: fancy Staymans, $2.25; fancy Winesaps. $2.50. South American Cherries—l6-lb lugs, Oranges—California Sunkist, [email protected]; Floridas, $3.50® 4. Lemons—Sunkist. $5.50. Grapes—South American, crate. $3.00. Grapefruit—Florida, seedless, $3.50®%.25. Strawberries—Louisiana. 24-ot. crate. $2 50: Alabama. 24-qt crate. $4.25. Melons—Argentina Honeydews. $4.00. Cantaloups—Pony crate, $4.50; standard (4a*. $5. Pears—Calayos, $3.50 per box. Bananas—Per pound, 5' 4 c. Rasberries. Cal., 12; % pts„ $2.50. —Vegetables— CabUage—New Texas. $1.35 per half crate; Florida red. $3 per hamper. Celery—Florida. $3 a crate, mammoth bunch. Bac; medium bunch. 45c: hearts, dozen bunches. $1.25. —lndiana yellow. 50-lb. bag. Potatoes—Northern round white. 100-lb. bag. $1.85: Red River Ohios, $1.85: Maine Green Mountain. $2.10: Colorado McClures. $2; Idaho Russets. $2.20: Wyoming Triumphs, 50-lb. bag. 90c; New Texas Triumphs, $1.85. Sweet Potatoes—Tennessee Nancy Halls, crate. $2. Asparagus—California fancy, crate. $3.75. Beans—Round, stringless. $4. lima, $4.50 Beets—New Texas, 3-dozen crate, $1.75. Carrots—California. 6-dozen crate. 53.25bulk new. $1.50. Cauliflower—California. $2.25. (Cucumbers—Hot house, per dozen. sl@ Lettuce—Hot house. 15-lb. basket. $1.50Iceberg, best. $5 a crate. Peas—2 B-lb. hamper, $2.25. Radishes—Hot house buttons. 60c dozen. Rhubarb—Home-grown, dozen, 35c. Spinach—New Texas. 90c per bushel. Tomatoes—Repacked, 10-lb carton, $1.50original Mexican. 30-lb. lug. $3.50. CHICAGO FRUIT MARKET (By United Press) CHICAGO. May 2.—Fruits and vegetables: Apples—Michigan spies. $2 bushel Carrots—lllinois. 60® 65c bushel Spinach —lllinois, 90c® $1 bushel. Beans—Southern green. $2.25® 3: wax. s3® 3.50. Cucumbers: central western hothouse. $1 75® 225 i2 doz. to box). Tomatoes—Florida. $1.50® 3 lug box. Sweet Potatoes— Tennessee. $1.60® 1.70 bushel hampers. Mushrooms—lllinois. 17'.- ;32'-c lb Asparagus—lllinois, flat crates. 60c®$1.10. Leaf Lettuce—lllinois hothouse. 60® 75c *lO lb. Onion market <SO-lb. sacks: Michigan yellows. 75c® sl. Texas Yellows—sl.lo® 1.25. Texas Whites. *1.15® 1.35. Retail Coal Prices The fdliowlnf prices represent quotations from leading Indianapolis coal dealers. A cash discount of 2s 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 ee&l carried to mm.

THE INDIANAPOLIS TIMES

GRAIN VALUES UNSETTLED IN SMALL_RANGE Bullish Influence Ignored by Traders; Liverpool Shade Lower. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, May 2.—There were no new developments in the overnight news and grain prices were unsettled at the opening of the Chicago Board of Trade today. Wheat ranged from *4 cent lower to \ cent higher, corn was unchanged to 3 s cent lower, and oats were % cent lower to Vs cent higher. Rye was Vs cent lower. The trade ignored the bullish influence of stock and cotton and the report that little or no moisture had been received in the dry spring and winter wheat areas. Liverpool held steady to a shade lower. Chicago Futures Range (By United Press) —May 2 WHEAT— Prev. High. Low. 10:00. close. May 79*8 .78% .78>2 .78% July 77% .76% .77's .77' 2 Sept 79 .78 Vi .78% .78% CORN— May 45 .44)4 .44% .44% July 47% .47 .47% .47% Sept 49% .48% .48% .49% Oats— May 29% .29 .29% .29% July 29% .29 .29% .29% Sept 29% .29% .29% .29% RYE— May .55% .54% .55% .54% July 55% .55 .55% .55 Sept 57 .56 .56 .56 BARLEY— May 38% .38 .38% .38% July 39% .39% .39% .39% Sept 40% CHICAGO PRIMARY RECEIPTS —May 1— Bushels Todaj 7 Last Wk. Wheat 182,000 305.000 Corn 334,000 369,000 Oats 111,000 61.000

Cash Grain

INDIANAPOLIS —May 1— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were: Wheat—Weak; No. 1 red. 70%®71%c: No. 2 red. 69%@70%c: No. 2 hard, 69% ® 70 %c. Corn—Weak: No. 3 white, 42®44c: No. 4 white. 41®43c: No. 3 yellow, 40@42c: No. 4 yellow 7, 39®41c:: No. 3 mixed, 39® 41c: No. 4 mixed, 38® 40c Oats—Steadv: No. 2 white. 28%®29%c: No 3 white. 22%®28%c. Wheat—No. 2 red. 1 car. Total. 1 car. Corn—No. 1 white. 1 car; No. 2 white. 2 cars; No. 3 white, 1 car; No. 2 yellow. 1 car. Total. 5 cars. Oats—No. 3 white. 1 car. Total. 1 car. Local Wagon Wheat city grain elevators are paving 67 cents for No. 2 soft red wheat. Other grades on their merits. (Bv United Press) CHICAGO. May 1. —Cash grain: Wheat —No. 2 mixed, 79%c. Corn—No. 2 mixed lake, 45c; No. 2 yellow. 47%®48c; No. 3 yellow, 45%®46; sample grade white. 38%c. Oats—No. 2 white, 32 %c; No 3 white lake. 31%c; No. 3 white. 30%@ 31 Uc; No. 4 white, 29 %c. Rve— No sales. Barley—7s® 78c; quotable 40® 80c. Timothy, s6® 6.50. Clover Seed—s9.so@l2 Cash Provisions—Lard, $5.72; loose, $5.42; leaf. $5.37; bellies. $7.75. TOLEDO. May I.—Grain close: (grain in elevators, transit billing): Wheat—No. 2 red, 81®82%c. Corn—No. 2 yellow 51%®) 52' 2C. Oats —No. 2 white. 35%® 36%c. Rye —No. 2. 60®,61c. (Track prices, 28%c rate). Wheat—No. 1 red 77%®78c; No. 2, red 76%@77c. Corn—No. 2 yellow. 47® 48c; No. 3 yellow 7. 46®47c: No. 4 vellow, 45 ®46c. Oats—No. 2 white, 32@3'3%c; No. 3. white. 31%®33c. Seed Close: Clot'er— Cash. $8.25. Alsike—Cash. $8.50. ST. LOUIS, May I.—Cash grain closed; Wheat—ln fair demand, 2%c lower; No. 2 red, 77%c nominal; No. 2 hard. 77%c nominal. Corn—ln fair demand, %c higher; No. 1 yellow. 49c; No. 2 yellow, 49c. Oats—ln fair demand; lc higher; No. 3 white. 32%c; No. 2 mixed, 32%c: No. 2 burt. 33c. Pil. Y. Coffee, Sugar Futures COFFEE —Mav 1— Santos ut v Close. Mav 1ff.75 July 10.95 September 11, 28 December 11.38 Rio March 8.61 Mav 8 22 Julv 8.37 September 8.47 December 8.55 SUGAR —May 1— High. Low 7 . Close. January 1.63 1.62 1.63 March 1.68 1.66 1.68 May 1.45 1.43 1.45 July 1.49 1.47 1.49 September 1.55 1.53 1.55 December 1.62 1.60 1.62 In the Cotton Markets —May 1— CHICAGO _ High. Low. Close. January 11.22 11.13 11.18 May . . 10.70 July 10.90 10.80 10.83 October 11.09 10.95 11.00 December 11.19 11. 06 11.10 NEW YORK January 11.16 11.02 11.06 March 11.28 11.13 11.17 May 10.68 10.53 10.56 July 10.85 10.70 10.73 October 11.01 10.85 10.91 December 11.12 10.96 11.01 NEW ORLEANS January 11.11 11.02 11.04 March 11.23 11.13 11.17 May 10.59 July 10.83 10.69 10.74 October 10.98 10.87 10.89 December 11.09 10.94 10.99 PAY ROLLS INCREASE 8.5 PER CENT IN CHICAGO Manufacturing Industry Salaries Above 1933 Figures. By Times Special CHICAGO. May 2.—Manufacturing industry pay rolls here during March showed an increase of 8.5 per cent compared with February, and 105 per cent above the same period in the previous year, the National industrial conference board reports. Employment advanced 4.8 per cent during March and was 45.6 per cent greater than the same month of 1933. Weekly earnings averaged 41 per cent higher during 1933. Advance in living costs partially offset the gain in average weekly earnings, but left buying power of the average weekly pay check 3.3 per cent larger than in March. 1933. Total hours worked during March were 7.3 per cent more than in February. MARCH PROFIT $159,000 Studebaker Earnings for Month Cut Quarter Loss to 5329.633. By United Prexs CHICAGb, May 2.—Consolidated report made public today by receivers of the Studebaker Corporation showed a net operating loss of $329,633 during the first quarter. The loss compares with that of $1,156,206 during the corresponding quarter of 1933. Improvement in the financial position is emphasized by the fact that net profits for March amounted to 2159.000. Commercial Failures Decrease By United Press CHICAGO, May 2. —Commercial failures as reported by Dun & Bradstreet during the last week were 262, against 265 the previous week and 452 a year ago. The agency reports that decline was wholly on the Pac if coast.

New York Stocks

”————— (Bv Abbott Hoppln & Cos.) "" AVERAGE STOCK PRICES FOR TUESDAY Net High. Low. Close, change Thirty industrials 101.20 99.55 100.62 -.13 Twenty rails 47.40 46.64 47.06 —.33 Twenty utilities 25.17 24.10 24.97 —.OB Forty bonds 94.82 —Ol Ten first rails 100.15 -*-.23 Ten second rails 83.90 —.32 Ten utilities 97.44 —.05 Ten industrials 97.80 -.10 -Off. +Up.

—May 2 Prev. Oils— High. Low. 9:30. close. Amerada 1 49% All Rfg 27% Barnsdall 8% 8% Consol Oil 11% 11% Cont Os Del 20% 20% 20% 20% Houston (new) 4% Houston told) 24% Mid Cont Pet 13% 13 I Ohio Oil 12% 12% Pet Corp 11% Phillips Pet 18 17% Plymouth Oil 13 Pure Oil 11% 11% Royal Dutch 33% Sbd Oil 35% Shell Un 9 9 Skelley Oil 20% Soc Vac 16 15% 16 15% S O of Cal 35 34% S O of Kan 40 SOof N J 44% 44% 44% 44% Sun Oil 60% Texas Corp ... 25% Tidewater Assn 13 12% Un Oil of Cal 16% 17 Steels— Am Roll Mills .. 22% 22% 22% 21% Beth Steel 39% Byers AM 25 Cruc Steel 28 Inland Steel 44% . Ludlum Steel 16 McKeesport Tin 86% Mid Steel 15% Natl Steel 48 Otis Steel 5% Rep Iron & Steel 20% 20% 20% 20% Rep Ir & Stl pf 55% U S Pipe & Fay 25% 36 U S Steel 47% 47% U S Steel pfd 93 Warren Bros 10% Youngstn S & T 25% Motors — Auburn 41% 41% 41% 41 Chrysler ... 46% 46 Gen Motors 36 % Gen Motors pfd 102 Graham Mot 3% Hudson 16 16 Hupp 4% 4% Mack Truck 29% Nash 20% Packard 4% 4% 4% 4% Reo .. 4% 4% Studebaker 5% 5% 5% 5% Yellow Truck 5% 5Vi Motor Access— Benaix 17 Vi Bohn Alum 63 62*4 Borg Warner 23% 23% Briggs 17% Buad Wheel 4't Eaton Mfg. ... 19% El Auto Lite 23% Houdaille (A).... 5Vi Mulfcns Mfg 13)4 ... Murray Body 8% 8% Stew Warner 8% Timken Roll 32% 32 Timken Det Axel 7% Mining— Alaska Jun 19% Am Metals 22 % Am Smelt ... .... 39% Anaconda 15% Cal & Hecla 5% Cerro de Pasco 32 30% Dome Mines 36% Granby 10% Gt Nor Ore 13% Homestake Min 355% Howe Sound 46 Ins Copper 5 Int Nickel ... ... 28 Int Silver 34 Isl Creek Coal 27% Kennecott Cop . 21% 21 21 20% Mclntyre Mine 44% 44 Noranda Cop 40Vs Park Utah 4 4 Phelps Dodge 17% 17)4 St Joe Lead ... 20 20% U S Smelters 117 116 Vanadium 24% Amusements— Croslev Radio 16% 16 Loews Inc 32% 32)4 32*4 32% Radio Corp ... 8% 8 RKO 3% 3 Warner Bros ... 6’/a 6% 6% 6% i Tobaccos— Am Snuff ... ... 58 i Am Sum Tob . 17% 27% Am Tobacco ‘A’ 69 V* Am Tobacco 'B' ... 70V 2 Gen Cigars . 92% Ligg & Myers ‘B’ 92% Lor ilia rd 17% 17% Reynolds Tob B’ 43 43 Rails— Atchison 66 Atl Coast Lines 66 Atl Coast Lines 44 B & O 27 27% Can Pac ... 16% 16% Ch & Ohio 46% 45% 46% 46 Chi & Gt W 3% Chi & Gt W pfd 9% C M & St P 5% CM & St P pfd 9% Chi N W 11% 11% Chi N W pfd 22)4 Dela & Hud 62 Dei Lac & W 25% Erie ... 20% Erie pfd 23% Grt Northern pfd 25% 25% 111 Central 30 30'% K C Sou 16 Lehigh Valley 17% Lou & Nash 60 M K & T 11% M K & T pfd 27% Mo Pac 4% M Pac pfd 7% 7 N Y Cent 31 30% N Y Chi & St L 21 21 N Y Ch-St L pfd 36 N Y New Haven 1714 N Y Ont & W 8% Norfolk & Wes 176 176 Nor Pac 32 32 Penn R R 32% 32% Sou Pac 25% Sou R R 30% 3014 Sou R R pfd 36% Union Pac 12814 West Maryland 13% Equipments— Allis Chalmers.. .. ... 17% 18 Am Brake Shoe 29% Am Loco .. ... ... 30% Am Mach & Fdy ... 16 Am Steel Fdy 19% Bald Loco 12% 12% Bald Loco pfd ... .. 55% Burroughs 14% 14% Case J I 66 Cater Tract 30% Deere & Cos 26% Foster Wheeler ... ... ... 18 Gen Am Tk Car 40 39% Gen Elec 21% 21% Ingsol Rand 60 % Int Harvester ... 39% 39'4 Natl Cash Reg 17% 17% Pullman Inc .... 55)4 55 55 55% Rem Rand 11 10% Und Elliott 43 West Air B 31% Westingh Elec 37% 37% Worthington P 25 Utilities— Am & For Pwr ... ... ... 9)4 Am Pow & Lit 8)4 8)4 AT&T ...117 116% 116% 117% Am Wat Kks 20 % 20% 20% 20 Col Gas & El 14% Col G & E pfd 72 Com & Sou ... 2% 2% Consol Gas 35 36% El Pwr & Lit 6% E P & L pfd ' 14% Int Hydro Elec 7% Int T & T .... 13% 13% 13% 13% Lou G & E ‘A’ 17 Nat Pwr & Lit 11% North Amer 17% 17% Pac G & E 18% Peoples Gas 35% 35)4 Postal Tel pfd 21% Pub Serv N J . 37% 37% 37% 37% So Cal Edison 17% 17% Std Gas 11% 11% Std Gas pfd 13)4 Stone & Webster 8% 8% United Corp 5% 5% Un Gas Imp 16% 16% Ut Pwr & Lit A 3% Western Union 52 Rubbers— Firestone 21 Goodrich 16 15% Goodyear 35% 35% Kelly Spring 3)4 3% U S Rubber 22% 22% U S Rubber pfd 55 54% 55 55 Miscellaneous— Am Bank Note 20% Am Can 100 100 Anchor Cap 20*4 Brklyn Man Tr 36% 36% Conti Can ... . 80 Crown Cork 30% 30% Curtis Pub 24% Curtis Pub pfd . ... .. 78 Eastman Kodak 93 92% 93 93 Gillette 11 11 Glidden ... J 26 25% Inter Rapid Tr 8% Owens Bottle 84 Raybestos Mfg 19% Foods— Am Sugar 50% 50 Armour "A” 6% 6% Beatrice Creamy 16% 16 Borden Prod 24% 24 Cal Packing .... 34% 34% 34% 34% Can Dry G Ale 26 26 Coca Cola 119% Cont Bak “A" 10% ... ' Corn Prod ... ~ 7% Crm of Wheat 33% 33 Cuban Am Sugar 7 7 Gen Foods 344/. Gold Dust 21 G W Sugar 28% 29 Hershev 61% Int Salt 28 Loose Wiles 41 % Natl Biscuit 40% 39% 4040% Natl D Prod 16% 16% Purity Bak 155* S Porto Rico S 3214 Spencer Kellog ... 21 Std Brands 21 Un Biscuit 27% United Fruit 71 Wrigley 64% Retail Stores— Ass Drv Goods 15 Best & Cos 33 First Natl Stores 65% Gimbel Bros 45, Gimbel pfd 26 Gr Un Tea 6% Hahn Dept Sts 6% 6*B Kresge S S 19% Kroger Groc 30% 31 Macy R H .... 46% 45% 46% 45% Marshall Fields 16% May Dept St 40% 40)4 Mont Ward ... 38% 28% 28% 27% Natl Tea 16 Penny JO ... ... 62 Saiwway St • ... 52% 53

Sears Roebuck 47 47 Wooiworth ... 5114 AviationAviation Corp 71. Curtiss Wright. 3% 3% 3% 3% Curtiss Wright A 95, Douglas Air 20% 21 Nor Am Av 5% 5% 5% 5% Speerv Corp 9 B 9\ United Aircraft 22% 22% Wrfight Aero 53 % Chemicals— Air Reduction.. * 100% Allied Chem 144 Am Com Alcohol 46 ,; > Col Carbon 71 70% Com Solvents 25% 25% Du Pont 93% 92% 93% 93% Freeport Tex 43% Liquid Garb 31% Math Alkali 32% Montoson Chem 44% Natl Dis (new*.. 29% 29% 29% 29% Cheneley Dist .. 34% 34% 34% 33% Tex Gulf Sulph 34% 35 Union Carbide 43% 4 3% I U S Ina Alcohol 50% Drugs— Coty Inc 5% 5% Lambert 26% 26% Lehn & Fink 21% Un Drug 16% 16% Zonite Prod 6% 6% Financial— Adams Exp 9% 9% Allegheny Corp. ... 3 Am Int Corp 8 8 Chesa Corp 46% Lehman Corp 70% Transamerica .... ... ... 6 Tr Conti Corp 4% 434 Building— Am Radiator 14% 14% Gen Asphalt ... 21% 21% 21% 21% Int Cement 26% Johns Manville 55 Libby Owens Gls 35 35 Otis Elev ... ... 15% Household— Col Pal Peet 16% 16 Congoleum 26% Kelvinator 17% 17% Mohawk Carpet 18% Proc & Gamble 34% Simmons Bed 18% 18% Textiles— Amer Woolen 13 Belding Hem ... 14% 14% 14% 13% Celanese Corp .. 30% 30% 30% 29% Collins Aikman 22% Gotham Hose 9% Indus Rayon 72% Kayser Julius 16% Real Silk 10% New York Curb (By Abbott, Hoppin & Cos.) —May 1— ✓Closej Close Allied Mills... B%Gulf Oil of Pa. 63% Alum Cos of Am 72% Hiram Walker. 39)4 Am Cyanide B 20% Hud Bay Min. 13% Am Gas & El.. 26%;Humble Oil ... 42% Am Superpower 2 7 Oil L 14% Ass Gas & El.. %'lht Petrol 26% Atlas Corp ... 12% Lake Shore Min 49% Brazil Tr & Lt 11% Libby McN Lib 6% Can Ind Ale A 12%|Lone Star Gas.. 7% Can Marc 2%iNatl Bellas Hess 3% Carirer Corp... 7%Newmont Min . 51% Cities Serv 3 Pan Am Airways 39% Com’wealth Ed 56 ;Park Davis ... 24% Consol G of B 58%;Penn Road .... 3% Cord Corp 5%;St Regis Paper. 3% Creole Petrol . 12% Sal Creek Prod 6% Crown C Inti. 7% Sherwin Wms.. 67% Deere & Cos . . 26% Std of Ind 26% Distillers Corp 18% Std of Kv ... 16 El Bond & Sn. 15% Technicolor Ind 9% Fisk Rubber.. . 14%Teck Hughes G 6% Ford of Can A. 23% : Un Pwr & Lt A 3% Ford of Europe. 8 | Wright Harg M 8% Gen Aviation . 5 1 Glen Alden Coal 17 I

Chicago Stocks By Abbott, Hoppin & Cos.

—May 2 .... . _ . , High. Low. 11:30. Allied Products 17 Asbestos Mfg 3 Bendix Aviation 17 Borg-Warner pfd 23' 2 Brown Fence & W A... . 11 = 4 Butler Bros 10 7 / 8 10% 10% Berghoff 8% 8 8 Chicago Corp com 2% Chicago Corp pfd 26‘^ Cities Service 2% Commonwealth Edison 57 Cord Corp 5% Great Lakes Aircraft 3 3 4 Great Lakes Dredge 19Vi Gen Household Util .. 13 V 4 13 13 Iron Fireman 14Vi 13% 13% Kingsbury 6*4 6 6*/ Libby & McNeil 6'/a Middle West Utilities. .. ... % National-Standard 24 3 /i 24% 24% Noblitt-Sparks Ind Inc. 13% 13% 13% Quaker Oats 11l Sears Roebuck 46* 2 Swift &Cos 16% 16% 16% Swift International ... 30*78 30 30’/8 Investment Trust Shares (By Abbott. Hoppin & Cos.) —May 1— Bid. Ask. American Bank Stock Corp .. 1.19. 1.23 American & General Sec A... 4.50 6.50 American & Inv Tr Sh 1.75 Basic Industry Shares 3.40 .... British Type Inv Tr Sh 48 .54 Collateral Trustee Shares A . 4.65 5.00 Corporate Trust Shares (old). 2.11 2.15 Corporate Trust Shares (new) 2.34 2.39 Cumulative Trust Shares 4.00 Diversified Trust Shares A 6.00 Diversified Trust Shares B ... 7.62 8.12 Diversified Trust Shares C ... 3.16 3.20 Diversified Trust Shares D 4.62 5.00 First Insurance Stock Corp .. 1.30 1.35 First Common Stock Corp 80 84 Fixed Trust Ail Shares A 8.50 8.75 Fixed Trust Oil Shares B 7.25 7.50 Incorporators Investments .. 18.12 18.50 Land Bank Bond Shares 1.16 1.29 Low Priced Trust Shares .... 6,30 .... Mass Inv Trust Shares 19.00 20.65 Nation Wide Securities 3.40 3.50 North Am Trust Shares (53).. 1.87 1.92 No Am Trust Shares (55-56).. 2.39 2.42 North Am Trust Shares (58).. 2.45 2.50 Selected American Shares .... 2.63 Selected American Shares Inc 1.21 1.30 Selected Cumulative Shares .. 6.7 Selected Income Shares 3.52 4.00 Std American Trust Shares A 2.92 3.03 Trust Shares of America .... 2.84 2.90 Trustee Std Oil A 5.60 5.70 Trustee Std Oil B 5.05 5.15 U S Electric Lt & Pwr A 13.00 13.25 Universal Trust Shares 3.04 3.12 NET PROFIT CLIMBS Belding-Hemingway Has 188 Per Cent Gain in First Quarter. By Times Special NEW YORK, May 2.—BeldingHemingway Company, continuing its steady progress of 1933 scored a 188 per cent gain in net profits before taxes in the first quarter of the current year. Earnings during the first quarter amounted to 34 cents a common share against 12 cents a year ago. On the basis of the company’s present showing, profits of approximately $1.50 a share are expected for the full year. PLUMBERS WILL MEET State Group to Urge Federal Loans for Home Owners. Co-operation with the federal government in its plans to stimulate modernization by lending from S2OO to $2,000 to home owners who wash to install modern plumbing equipment, will be one of the chief topics of discussion at the annual convention of the Indiana Master Plumbers Association at the Lincoln, May 15 and 16. National Tea Sales Drop By United Press CHICAGO, May 2.—National Tea Company reports consolidated sales for the past month ending April 21, amounted to $4,608,491, as compared to $5,022,922 for the corresponding period in 1933. The number cf stores in operation declined from 1.360 to 1.260 stores over the period of one year. Steel Ingot Productio .p By Times Special NEW YORK, May 2.—Current steel ingot production according to the American Iron & Steel Insti- j tute were estimated to be 55.7 per , cent of capacity, a rise Os 7.1 points from a week ago, the highest since last July. At the beginning of April the level was 43*3 per cent.

STOCKS RALLY FRACTIONS; U.S. DOLLAR HIGHER Steel Operations Advance to 58 Per Cent of 'Capacity. BY ELMER C. WALZER United Press Financial Editor NEW YORK, May 2—The stock market rallied fractions to a point at the opening today in dull turnover. Silver was steady, cotton advanced; the dollar firmed in terms of foreign currencies except the pound, and bonds were steady. Business news was negative. Steel operations rose 2 points to 58 per cent of capacity, according to the Iron Age. while electricity output dipped slightly, and car loadings reported thus far indicate a recession from the previous week for the total to be announced on Friday. Silver issues were higher at the outset on the better tone in the metal. United States Smelting rose a point to 117. Fractional gains were noted in the automobile issues, steels, wet stocks, coppers, mercantile issues, and electrical i equipments. American Telephone dipped % to 116 7 s on fears of investigation of the company. DuPont lost a point to 92% after a smart rally late yesterday. United States Steel opened at 47% up % and was dull in the early trading. Chrysler was at 46%, up Auburn Auto 41 ) 2 , up %; National Distillers 29%, up %; Schenley 34%, up %; Pennsylvania Railroad 32%, up %. Chrysler rose from the opening in the early dealings. General Motors opened at 36%, up %. Money and Exchange INDIANAPOLIS BANK CLEARINGS —May 3 Clearings $2,740,000.00 Debits 5,535,000.00 FOREIGN EXCHANGE (By Abbott, Hoppin & Cos.) —May 1— _ Close. Sterling, England $5.11% Franc, France 0663% Lira. Italy 0855 Belgias, Belgium 2350 Mark. Germany 3964 Guilder, Holland 6810 Peseta. Spain 1375 Krone. Norway 2573 Krone, Denmark 2285 Yen, Japan 3035 Treasury Statement (By United Press) WASHINGTON, Mav I.—Government expenses and receipts of the current fiscal year to April 28, compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $5,786,384,808.44 $4,217,302 690.75 Receipts $2,478,263,022.60 $1,632,803,615.72 Deficit .. $3,308,121,785.84 $2,584,499.0*3.03 Cash Bal. $2,321,935,004.17

Bond Prices “ ißy Fenner & Beane —May 2 High. Low. 10:00. Alleg Corp 5s 'SO 43® 43% 43% Am & For Pwr 5s 2030 54% 54% 54% AT&T db 5s '65 ... 107% 107% 107% Atchison Gen 4s '95 ...101% 101% 101% f&O cv 4%s '6° ... 68% 68% 68% Beth Steel 5s A '36 .... 102% Can Pac 4s '57 82 81% 81 5 C & O 5s A '39 .... log** CMStP&P adj 5s A 2000 17% 17% 17 CMStP&P rs 5s A '75 52% 52 52% Cons Gas N Y 4%s '57. 104% Det Ed 5s E '52 . 106 s Erie RRrf 5s '67 76% 76% 76% Goodyear 5s '57 99 98% 98% Gt Nor <s A 36 98% 98% 98% Interboro RT 5s 66 ... 70% 70 70% Int T&Tdb 5s '55 ... 64 63% 64 Lorillard 7s '44 . 120 McKess & Robb 5%s 'SO 84 83% 83% Nat Dairy db 5%s '4B .. 94% 94% 94% N Y A Cen7 4 ,'% s 0 2013 . 78% 77% 78% Nor Am 5s 61. oqi Para Pub 5%s 'SO . . " 511* Penn R R 4%S D 81 . 96% 96% 96% Poland 7s '47 104 103% 104 ?° yal r P ut ch 4s A '45 .127 126% 127 Shell Un Oil 5s '47 97% 97'. 07.1, Sin Cons 6%s B '3B ... ' 104% Texas Corp 5s '44 .102 101% 101% Tob Pr N J 6%s 2022 .107 106% 106% j un Pac Ist 4s '47 .. 104% 104% 104% U S Rubber 5s A '47 . . 87% 87 87 Vanadium 5s '4l 0452 I Western Un 5s 'sl Ygstwn S&T 5s B '7O 86% 85% 85% U. S. GOVERNMENT BONDS (By United Press* NEW YORK. Mav I.—Closing liberties. (Decimals represent thirty-seconds * ... Liberty 3%s (32-47) 107 71 Ist 4%s (32-47* i 1045 4th 4%s (33-38) 104 5 ~ Treasury !!/ S * 3 ,4f t 45) 102.24 4’4s (47-52) 110 30 3% S (43-47* 103 6 3%s (41-43) March 103 18 3%s (40-43) June 103.18 3V 4 S (41) 103 ir 3%s (46-49) 101.7 3s (51-55) 100.1 FEDERAL FARM LOAN BONDS —May 1— (By Biyth & Cos.. Inc.) R i ri A 4s Nov. 1, 1957-37 100% 100% 4s May 1, 1958-38 100% 100% 4%s July 1, 1956-36 100 100% 4 h s Jan. 1, 1957-37 100% 100% 4%s May 1. 1957-37 100% 100% 4%s Nov. 1. 1958-38 100% 4%s May 1. 1942-32 100% 100% 4%s Jan. 1. 1943-33 100% 100% 4%s Jan. 1. 1953-33 99% 100% 4%s July 1, 1953-33 99% 100% 4%s Jan. 1. 1955-35 100% 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% - 45 ly !' 1954 ' 34 100% 100% os May 1, 1941-31... / 101% 101% 5s Nov. 1. 1941-31 101)4 101% Home Loan 4s July 1. 1952 100% 100% Federal Farm Mortgage Corporation 3'/ 4 s March 15. 1964-44 101% 101% Daily Price Index (By United Press) NEW YORK. Mav I.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 average. 100) Today 105.70 Yesterday 106.75 Week ago 105.43 Month ago Sunday Year ago 84.18 1934 high (March 12) 110 24 1934 low (Jan. 3) 101.05 (Copyright. 1934, by Dun & Bradstreet* ANNOUNCE INCOME GAIN Loew’s Earnings for Twenty-eight Weeks Totals $3,973,472. By Times Special CHICAGO, May 2.—Loew’s, Incorporated, announce net earnings for the last twenty-eight weeks ending March 15, of $3,973,472 as compared with $2,013,281 for the corresponding period in 1933. This is equivalent to $2.38 a share on the common stock while last year earnings totaled $1.04 a share. Operating profit was $6,680,713, depreciation and taxes $2,707,241 against $4,429,244 and $2,415,963 respectively.

CORRECTION April 27,1934 , We Advertised SILK DRESSES, $2.98 Through a mistake these were not all silk. Any one wishing to return these dresses may do so THE FAIR 311-325 W. W ash. St.

PAGE 13

Wall Street Brokers Sound a Note of Caution to Rubber Traders.

BY RALPH HENDERSHOT Times Special Financial Writer. TJ ÜBBER futures during the past week reached the highest price level in the last four years. The cheif motivating force behind the advance, which has been in progress for some time, is a restriction agreement on production about to be signed by British. Dutch and Far East producers. Traders in the com-

modity probably recalled what happened some years ago. when similar action was taken. But a note of caution has been sounded in more conservative brokerage quarters. It has been pointed out, for instance, that the statistical position of the commodity does not warrant a continuation of the advance be-

Hendershot

yond these levels and probably justifies a moderate setback from current figures. A slackening in the demand for rubber from the automobile manufacturers and the tire makers appears likely also, they advise. Stocks of crude rubber at the end of 1933 totalled about 585,000 long tons—an amount sufficient to satisfy world requirements for about eight months. The output at the present time is running at the rate of about 1.000,000 long tons annually. If current consumption were to continue, which is doubted, stocks on hand probably would reach about 750,000 long tons at the end of 1934. Assuming, therefore, that consumption slumps during the summer, output would have to be cut considerably before a real shortage developed. a at r T"'HE federal trade commission has relaxed its requirements on security flotations of less than SIOO,OOO. according to Washington dispatches, and offerings of less than $30,000 are to be relieved of virtually all restrictions. This is an important concession to security underwriters under the securities act of 1933. but it is doubtful that it will prove anywhere near sufficient to meet the nation's credit requirements. Moreover, there is a question whether small offerings should not receive the same close scrutiny that is accorded the larger ones. They are equally as speculative, generally speaking, and it has not been proven that small underwriting houses are more careful of their statements and figures than are the more important ones. a a a TT is obvious, of course, that the cost to the underwriters, and consequently to the companies doing the financing, in preparing material for submission to the federal trade commission is high. In the case of smaller offerings this cost probably is almost prohibitive. The commission’s action is said to have followed criticism by those who would offer mining shares to the public. Mining stocks have been regarded quite generally as being among the most speculative.

Bright Spots (Bv Abbott. Hoppin & Cos. i

Ford Motors of Canada declared a dividend of 5 cents a share on class A and Class B stock, last previous payment was $1 on Dec. 21. 1933. United Drug and subsidiaries report a net profit for the first quarter of the year as $136,378 after charges and federal taxes. Anaconda Wire and Cable Company for the March quarter show a profit after all charges except federal taxes of $146,440 as compared to a net loss of $384,580 for the March quarter of 1933. American Writing Paper for the first quarter show a net loss of $154,181 after taxes against a net loss of $181,757 for like period of 1933. Parker Rust Proof Company declares a stock dividend of 10 per cent and a regular quarterly dividend oi 75 cents on the common stock. Loft Incorporated ended first quarter with a profit of $61,281 as compared with a profit of $28,846 for the same quarter of preceding year. Baldwin Locomotive Works and subsidiaries for twelve months ending March 31. reported a net loss of $3,769, 587. after taxes, as compared to a loss of 54.080.571 for the previous twelve months. Goodyear Tire and Rubber Company declares regular quarterly dividend of $1 a share on the 7 per cent preferred stock. Pierce Arrow Motor Company showed a net loss for the first quarter ending March 31 of $308,544 against a net loss of $259,505 in March quarter of 1933. Schenelev Distillers Corporation and subsidiaries report earnings for the period July 1 to Dec. 31. 1933. to be approximately $3.35 a share. Southern Pacific Railway announce carloadtngs on all lines to be 21,268 as compared to 21,371 cars in the previous week. Pere Marquette Railroad report carloadings on own lines increased 30 1-10 per cent over like week in 1933. Illinois Central cascadings for the week ending April 28 were 25.121 as compared with 25,117 for the same period of 1933. Bank Clearings Reach Peak By United Prexs CHICAGO. May 2.—April bank clearings in Chicago were the highest, since July, 1933. and the highest for April since 1932. Clearings for last month were $933,758,512, as compared •with $903,270,805 in March, $690,838,725 in April, 1933, and $1,111,642,662 for April, 1932,

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