Indianapolis Times, Volume 45, Number 307, Indianapolis, Marion County, 4 May 1934 — Page 32

PAGE 32

Wall Street Pecora Fails to Tell Full Story of Bankers’ Earnings. BY RALPH HLNDLRSHOT Timet Special Financial Writer. TNSTEAD of reaping a harvest, as *“■ Ferdinand Pecora counsel for the senate banking committee, implied in figures revealed this week members of the New York Stock Exchange, generally speaking, have been hard pressed all through the depression to make ends meet at all. It was a fancy bit of footwork

in a hard fight, but it did not mean anything, for he failed to tell the full story. Net profits of he brokers for the five years and eight months ended Aug. 31. 1933. were placed at $833,167,696. The paper losses the 1,375 members have taken on their memberships alone during that period

Hendershot

amount to around $600,000,000. Some members, to be sure, have made large profits, but that is more or less true in all lines of business. Many other members have been obliged to sell their seats, and many others are so much in hock with the banks that it is a question whether they ever will be able to get their heads back above water. The figures released by Mr. Pecora probably sounded very impres- j sive to those who have little or no idea of the amount of capital involved in the stock brokerage business and the rusks which must be taken, but they do not look so big when it is considered that the gross earnings of all members during the period discussed were considerably less than half as much as the net sales of the General Motors Corporation during the same period. It is beginning to look as though not i all of the eggs laid in Washington ; these days will stand the light of . the candle. nan r ¥''HE New York Stock Exchange finally has listed the bonds of the Home Owners’ Loan Corpora- j tion. It took the institution a long 1 time to get around to make the listing, but it probably felt that a free and open market hardly could be established until a fairly large amount of the bonds were out-1 standing in the hands of the public, j The listing should help a great deal in working out the real estate j situation, particularly in view of the fact that the price of the bonds is above par, and mortgage holders will not be obliged to take lasses throught their acceptance. Asa matter of fact, the way the situation seems to be working out, holders of good mortgages have become among the most favored creditors in the I country today. They probably will threaten foreclosure at the least provocation in order to turn their mortgages into cash. nan According to Moody’s spot commodity index, prices of rCThmodities stood at 131.9 per cent at the end of April, compared with 137.3 at the beginning of the month. Washington appeared to take little notice of the break despite strong statements a few months ago about putting prices up to the 1926 level, j Wall Street is beginning to believe that a change has taken place in the plans and aims of the administration.

VALUE OF 100 STOCKS DROPS 3.5 PER CENT Representative Common Securities Off 5541,442,000 in April. By Times Special NEW YORK, May 4—The market value of 100 representative common stocks decreased $541,442,000, or 3.5 per cent in April, to $14,693,921,000 at the end of the month, according to Frazier Jelke <fc Cos. This compares with an advance of $51,094,000 in March, a decline of $606,193,000 in February, and an advance of $1,586,180.000 in January. The market value of the group on April 30 was $489,639,000 higher than on Dec. 30. 1933. and $3,480,615,000. or 31 per cent higher than on April 29, 1933. In April, nine groups declined and four advanced. The largest drop on a dollar basis was $150,343,000 in the motors. The oils depreciated $99,176.000 and the rails $90,079,000. The largest advance in dollars was $17,343,000 in the foods. Rubber Exports Increase Bv Times Special WASHINGTON. May 4—United States rubber exports increased sharply during the first quarter of 1934, according to the department of commerce. Shipments for the first three months of the year were $4,994,762 as compared to $3,507,089 for the like period of 1933. March exports of this year were $2,028,156 against $1,484,246 in February.

Good on Credit _ J&jL men's suits These are all that . am remain of stocks C* vmv M Kll bought before I wk Up l can not guaran- J te they Your Credit Is Good

STOCKS SHOW BETTER TONE; VOLUME DULL .Street Moves Cautiously Pending Congressional Action on Bill. BY ELMER C. IVALZER United Pr.H Financial Editor NEW YORK. May 4.—A1l markets were steady to firm at the opening i today. Stocks were better but volume continued dull. Cotton rose a few points. Silver was little changed. The dollar firmed in terms of foreign securities. Harassed by investigations, threats of investigations, and prospective rate cuts, utilities were slightly lower and exceptions to the general trend of the market American Telephone eased to 113%, off l *; Standard Gas 11, off 1 *; Columbia Gas 131 , off %. Chrysler Corporation rase nearly a point at the opening to 46% on 1,500 shares, responding to declaration of an extra dividend of 25 cents a share, and earnings for the first quarter of 76 cents a share, both announced after the close yesterday. Other automobile shares firmed at the outset with Chrysler, but the rise failed to continue in early trading. Silver issues were higher with United States Smelting at 115, up 1. Steel common opened unchanged at 46% and later rose to 46%. Rails were unchanged to fractionally higher. Oils were active and slight- \ ly above the previous close. Coppers 1 firmed as did chemicals. Trading continued light after the opening as the street moved cautiously pending congressional action ! on the Stock Exchange regulation bill. Indications the bill would pass with few changes in the house were | responsible for a break in late trad- j ing yesterday. The market now’ is ! believed to be in a sensitive position and either a wide open break or a fair-sized recovery is anticipated. Money and Exchange INDIANAPOLIS BANK CLEARINGS —Mav 4 Clearings Sl,93n.nn.W> Deb,ls 5,035,000.00 ■■ FOREIGN EXCHANGE (By Abbott. Hoppin & Cos.) —May 3 „ Close. Sterling. England $5 12% Franc. France 0663 Lira. Italy 0854% Belgias. Belgium 2347 Mark. Germany 3955 Guilder Holland 6805 Peseta. Soain 1373 Krone. Norway 2578 Krone. Denmark 2233 Yen. Japan 3041 Treasury Statement (By United Press) WASHINGTON. Mav 4. —Government expenses and receipts of the current fiscal year to May 2. compared with the corresponding period of the previous fiscal year: This year. Last year. Expenses $5,886,224,922.22 $4,292,289,257.80 Receipts. $2,523,864.257 49 $1,663,544,157 51 i Deficit . $3,362,360,664.73 $2,628,745,100.29 Cash balance $2,246,219,923.75

Bond Prices

By Fenner & Beane,"" —May 4 High. Low. 10:00 Alleg Corp 5s 'SO 43’ 2 42% 43% AtnArFor Pwr 5s 2030 54% 54 54% AT&T db 5s 65 107% Atchison gen 4s '95 101 B&O cv 4%s '65 .. 67% 66% 67% Beth Steel 5s A 76.. . 102% Can Pac 4s '57 . 82% 82% 82% ChMStPArP aj 5s A 2000 17% 16% 17 ChMStP&P rs 5s A '75 52 50% 52 Cons Gas NY 4%s ’sl . .. ... 104 Denmark 5%s ’55 90% Erie RR rs 5s 67 76 75% 75% Goodvear 5s '57 99% 99 99% Gt Nor 7s R '36 98% 97% 98% Interboro RT 5s '66 .. 70% 69% 70% McKees&Robb 5%s 'SO . . 82% Nat Dairy db 5%s '4B . 94% 94% 94% NY Cent 4%s O 2013 77% 77 s * 77% Nor Am 5s 61 ... 89% Para Pub 5%s 'SO .. 49 Penn RR 4%s D 81 96 s * 96% 96% Poland 7s 47 105% 105% 105% Roval Dutch 4s A '45 186% 126 126% Sin Cons 6%s B '3B .104% 104% 104% Texas Corp 5s 44 102% 102 102 Tob Pr N J 6%s 2022 106% 106% 106% US Rubber 5s A ’47.. 87% 87 87% Vanadium 5s 41 ... 85 84% 35 Western Un 5s 'sl 94% 94% 94% Ygstwn S&T 5s B '7O 85% 85 85% 17, S. GOVERNMENT BONDS (By United Press) NEW YORK. May 3 Closing Liberties (Decimals represent thirty-second); —Liberty—--3%s (32-47) 104. First 4%s (32-47) 104.8 Fourth 4%s (33-38) 104.6 —Treasury—--4%s —3%s (45) 102.29 4%s (47-52) 111.10 3%s i43-47( 103.16 3%s (41-43) March 103 22 3%s '4O-43) June 103.24 3%s (41) 103.19 3%s (46-49) 101.16 3s (51-55) 100.5 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —May 3 Bid. Ask. 4s Nov. 1. 1957-37 100 100% 4s Mav 1. 1958-38 100 100% 4%s Julv 1, 1956-36 100 100% 4%s Jari. 1. 1957-37 100 100% 4%s Mav 1. 1957-37 100 100% 4%s Mav 1, 1958-38 100% 4%s May 1. 1942-32 100% 100 s * 4%s Jari. 1. 1943-33 100% 100% 4%s Jan. 1, 1953-33 100% 100% 4%s Jan. 1. 1943-33 100% 100% 4%s July 1. 1953-33 99% 100% 4%s Jari. 1. 1055-35 100% 100% 4%s Jan. 1. 1956-36 100% 100% 4%s July 1. 1953-33 100% 100% 4 3 s Jan. 1. 1945-34 100% 100% 4%s Julv 1. 1954-34 100% 100% 5s Mav 1. 1941-31 101% 101 s , 5s Nov. 1. 1941-31 101% 101 s , Home Loan 4s July 1. 1951 100% ICO% Federal Farm Mortgage Corporation 3%s March 15. 1964-44 101% 102% Axton Fisher Tobacco Company more than earned its entire 1934 dividend requirements of around $430,000. Sales were ahead of the like quarter of the previous year.

New York Stocks ~——— ,gv Abbott Hoppin At < 0.1

AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change Thirty industrials 100.06 9836 98.94 *.12 Twenty rails 47.09 46.30 46.54 - .25 Twenty utilities 24.29 23.85 23.95 —.15 Forty bonds 94.74 -.02 Ten first rails 100.21 -.15 Ten second rails 83.85 —.06 Ten utilities 97.54 *.OB Ten industrials 97.37 -f.09 Off. - Up.

—May 4 Prev. Oil*— High. Low. 10:00 close. Amerada ... 50% 49-% Atl Rfg •• 26% 26% Barnsdall 8% 8% 8% 8% Consol Oil ... 11*4 11 s * Corn of Del 20% 20% Houston inew; 4% Mid Cont Pet 12% Ohio Oil •• • 12% 12’* ! Pnlllips Pet ... 18 s * 18% Plymouth Oil .. ••• • , l? 3 * Pure Oil 11% 11% 11% 11% Royal Dutch . .. • , 34’* Sba Oil 35% 35% 35% 34% ] Snell Un ....... 8% 8%, Skeliey Oil 10% 10% ! Soc Vac ... 16V* 16% 16% 15% S O of Cal 34% 34 S O of N J 44% 44% Sun Oil • . 60 Texas Corp 25% 25% 25% 25% Tiewater Assn • ■ 127* 12% Un Oil of Cal 16% Steels — Am Roil Mills .. 22% 22 22% 22 , Beth Steel 38 377* 38 377* : Bvers AM 24 V* 25 : Col Fuel & Iron 5% : Cruc Steel 28 : Inland Steel 44 j McKeesport Tin 85 , Mid Steel 14% Natl Steel 47% ! Otis Steel % Dep I& S 19V* 19% 19% 18% Rep I& S pfd 52% 53 U S Pipe & Fdy 25% U S Steel 46% 46% U S'Steel pfd 91 Warren Bros .. .. ... . 10% Youngsn S& T .. ... 24 -24 7* Motors— Auburn 42% 41% Chrysler .... 46% 45% Gen Motors 3574 35% 357s 35% Gen Motors pfd 102% Graham Mot 3% 3% Hudson .. 16 15% Hupp ... 4% 4 Mack Truck 28 7 s Nash ... 19% 19% Packard ... 4% 4% Reo 4 4% Studebaker 574 s°s Yellow' Truck 5% 5% Motor Access— Bendix 167* 16% 16% 167* Bohn Alum 61 Borg Warner Briggs Buod Wheel Eaton Mfg 19% Elec Auto Lite.. 23% 23% 23% 227* Houdaille A— ... 4% Mullins Mfg 13% Murray Body 8% Stew Warner 87* 8% Timken Roll .. ... 32 31% Timken Det Axel 774 77* Mining— Alaska Jun 19% 19% Am Metals ... 237* 2*% Am Smelt ... . 397* Anaconda 157* 15 Cal & Hecla 7 474 Cerro de Pasco 32 Dome Mines 37% Granby 97* 9% Gt Nor Ore ... ... • • • 13 % Homestake Min 351 % Howe Sound 46 45 Int Nickel 28 28 Kennecott Cos . . 21 207* 20% 207* Mclntyre Mine . .. ... • 467* Norar.da Cop ... 3974 39% Park Utah 3% Phelps Dodge 17% St Joe Leaa ... 207* U S Smelters 115 114 Vanadium 22 % Amusements— Crosley Radio .... ... . 1374 Fox Thea • ■ 157* 15 3 * Loews Inc 32% 32 74 32 7* 32 Radio Corp .... 87 * 8 874 8% RKO 3% W’arner Bros 67% 674 Tobaccos — Am Snuff ... ... 57 Am Sum Tob .... ... . 17*4 Am Tobacco A . .. ... 69*4 69 Am Tobacco B . .. ... 71 7174 Gen Cigars .. ... . 36 Ligg & Myers B 92% 92% Lorrillard 17% Reynolds Tob B. .. ... ... 42% Rails— Atchison ... 6474 64% Atl Coast Lines 43 B & O 26 7* 26% Can Pac 16% 16% Chi & Ohio . . . 457* 45% Chi & Gt W pfd 974 C M & St P 5% 5% C M & St P pfd 974 Chi N W 107* 10% Chi N W pfd 20% Dela & Hud 60 Del Lac & W 25% Erie pfd 25% 25 Erie 21%

Grt Northern pfd 24% 24% 24% 24% 111 Central 29 Lehigh Valley 17% Lou * Nash 58 MK & T pfd 26 1 z 26% Mo Pac pfd . . 6% N Y Cent 30% 30V# 30% 30V# N Y Chi & St L 21% NY C & St L pfd . • . 36 N Y New Haven 16% 16% 16% 16% N Y Ont & West 8 Norfolk & Wes . .. ... . 177% Nor Pac 31 30% Penn R R 34% 31% Sou Pac ... 24% 24% Sou R R 28% 28 Sou R R pfd ... ... 35% Union Pac ... 129'4 Wabash 3% West Maryland 13% Equipments— Allis Chalmers 17 Am Brake Shoe 29% Am Car & Fdy 25 25% Am C & Fdy pfd. .. ... ••• 45% Am Loco ••• 30 Am Loco pfd 65 Am Steel Fdy 18% Bald Loco 12% 12% Bald Loco pfd 52 Burroughs 14% 14% Case JI ... • 64% Cater Tract ... 30Vi 30% Deere & Cos ... 25% Foster Wheel .... ... ••• 17 Gen Am Tk Car 37Vi Gen Elec ... 21% 21% Gen R R Sig 40% Ingsol Rand 61 Int Harvestre 38% Natl Cash Reg 1< Pullman Inc 54 Rem Rand 10% Und Elliot 42% West Air B ... • 32 Westingh Elec ... ... 37% 36% TVoPthington P. .. ... ... 24% Utilities — Am & For Pwr 8% 8% Am Pow & Lit • 7% 7% AT&T. 114 113% 114 114 Am Wat Wks ... 19% 19% Brook Un Gas 63 63 Col Gas & Elec 13% 13% 13% 13% Col G & E pfd 7a Com & Sou 2% 2% Consol Gas 34 ■% 34 Elec Pw & Lit 6 6 E P & L pfd 14 14% Int Hydro Elec . J. Int T & T 13% 13 Lou G & E A ■ J 7 Nat Pwr & Lit 10% 10*# North Amer 17% 17 Pac G & E 18% Peoples Gas 33 Postal Tel pfd 21 Pub Serv N J 3. So Cal Edison •• IJ% Std Gas 11 % 11% Std Gas pfd 12% 12% Stone & Webster .. ... 8% 8% United Corp 5% 5% 5% 5% Un Gas Imp 16 a s 16% 16% 16s I Ut Pwr & Lit A 7% Western Union 49% Rubbers— Firestone ••• ••• 21% Goodrich 15% 15% 15% 15% Goodyear 34 % 33% Kelly Spring • 33 U S Rubber . 22 21% 21 21% U S Rubber pfd 53% Miscellaneous — Am Bank Note 20Vi Am Can 99 Anchor Cap . • , , 20% Brklvn Man Tr. 38 1 * 3i% 38% 37 Conti Can 80 Crown Cork 2914 Curtis Pub .... ... ... 23% Curtis Pub pfd •• 77 Eastman Kodak .. ... 90% 90% Gillette 11 10% Glidden 25% 25% 25% 25 V# Inter Rapid Tr 9% Owens Bottle ... 82% Raybestos Mfg 18 Foods— Am Sugar 52% 51% Armour A ... 6% 6% Beatrice Cream ... ... . 15% Borden Prod 24 23% Cal Packing 33 32% Can Drv G Ale 24% 24% Coca Cola 117% Cont Bak A 10% Corn Prod 67% C'rm of Wheat 32% Cuban Am Sugar * 7% Gen Foods 34% 33% Gold Dust 20% 20% G W Sugar 28% Loose Wiles 41% Natl Biscuit 39% Natl D Prod 16% 16% Purity Bak 15% S Porto Rico Sug 31% 31% Spencer Keilog . . 20% Std Brands 21 20% 21 20% Un Biscuit 26% United Fruit 70 Retail Stores— Ass Dry Goods 13% Best & Cos 32% 32% First Natl Stores 63% 63% Gimbel Bros 4% Gr Un Tea 6% Hahn Dept Sts 6 Kresge S S 19% 19% Kroger Groc 30% 30% Macv R H .. . • . 44% Marshall Fields . 16% 16% 16% 16% Mav Dept St . 40 Mont Ward .... 27% 27% 27% 27% Nat! Tea 13% 13% Penny J C 59% Safeway St . . 59% Sears Roebuck .. 45% 45% 45% 45 Woolworth ... 50% 50% Aviation— Aviation corp ... 7% 7% 7% 7% Curtiss Wright 3% 3% 3% 3% Curtiss Wright A 8% 8% 8% 8% Douglas Air .... 10% 20% 20% 20 Nor Am Av 5% 5V*

THE INDIANAPOLIS TIMES

Speery Corp 9% 9% 9% 9% United Aircraft .23% 23% 23% 22% Wright Aero 51 Va Chemicals— i Air Reduction 101% Allied Chem 145 145 Am Com Alcohol 47 Col Carbon ... . .. 70% Com Solvents • 24% 24 14% 23% Dupont 92% 92 92% 91 % Freeport Tex ... 42% 42% 42% 42% Liquid Carb 31% 30% Math Alkali 32% 32 Montosonta Cm 44% 43% Natl Dis (new) 28% 28% 28% 27% Scheneley Dist 32% 32% 32% 32% Tex Gul Sul 34% 34% 34% 34% Union Carbide 43 42% 43 42% U S Ind Alco 50 49% 50 49% Virg Ch 6% pfd 20 Drugs— Coty Inc . . 6 5% Lambert 25% 25 25 25% Lehn & Fink ... 22 217* Un Drug 167* 16 16% 16 Zonite Prod 67* Financial— Adams Exp ... 8% 8% 8% 87* Allegheny Corp . . ... 33 Am Int Corp 8% 87* Chesa Corp 457* Lehman Corp 70 Transamerica 6% 6% Tr Conti Corp 4% 4% Building— Am Radiator ... 14% 14% 14% 14% Gen Asphalt ....... ... 21 Int Cement ... ... 9 267* Johns Manville . - 53 52 Libby Owens Gls 33% 33% 33 % 33% Otis Elev 157* 15% Ulen Const 3 Household— Col Pal Peet ... 15% 15% Congoleum ... ■ 26’a Kelvinator ••• 177* Mohawk Carpet 18 Proc & Gamble 34% 34% 34% 34% Simmons Bed 17% Textiles— Amer Woolen .... ... ♦.• 12% Belding Hem .. .. . ■ ••• 13% Celanese Corp . 30% 30 74 SO7* 29% Collnis Aikman 21% Gotham Hose 97* Indus Rayon 75 Kayser Julius 16 Real Silk •• ... ••• 10 New York Curb (By Abbott, Hoppin & Cos.) —May 3 Close, i Close. Allied Mills ... 8% Tien Alden Coal 17 Alum Cos of Am 7%i3ulf Oil of Pa. 63% Am Cyanide B 19%:riiram W'alker . 357* Am Gas & El 24%;8ud Bay Min . 13 Am Superpower 2% Humble Oil .... 437* Ass Gas & El.. 1 ;mp Oil Ltd ... 14% Atlas Corp . 12%'tnt Petrol 26% Axton Fish Tob 60 ,Lake Shore Min 49% Can Indus A1 Al 2 Liby McN Libby 5% Can Marc 2% (Lone Star Gas . 7 Carrier Corp .. 7 jNat Bellas Hess 3% Cities Serv .. 2% Newmont Min.. 50 Comonwlth Ed 55% Mia Hud Pwr .. 6 ConslGs of Balt 57% Park Davis .... 24% Cord Corp .. s%iPenn Road .... 3 Creole Petrol 12% 3t Regis Paper. 3% Crown Crk Inti 7 jSherwin Wms... 68% Deere & Cos - 25%|3td of Ind 267* Distillers Corp. 17% 3td of Kv 16 Dow Chem . . 84 Technicolor Ind 9% El Bond & Sh. 14% reck Hugh Gold 67* Fisk Rubber . 14% Un Gas . 3 Ford of Can A 22% Un Pwr &Lt A 374 Ford of Europe B%Wrt Hargvs Min 8% Investment Trust Shares (Bv Abbott. Hoppin & Cos.) —Mav 1— American Bank Stocks Coro . 1.18 1.22 American & Central Sec 7 .... 4.50 6.50 American & Inv Tr Sh 1.75 Basic Industry Shares 3.37 British Type Inv Tr Sh 48 ,54 Collateral Trustee Shares A . 4.62 4.87 Corporate Trust Shares loid) 2.07 2.13 Corporate Trust Sh iNewi... 2.33 2.36 Cumulative Trust Shares .... 3.95 .... Diversified Trust Shares A .. 6.25 Diversified Trust Shares B ... 7.87 8.12 Diversified Trust Shares C ... 3.14 3.17 Diversified Trust Shares D ... 4.62 5.12 First Insurance Stock Corp... 1.30 1.35 First Common Sto k Corp 80 .84 Fixed Trust Oil Shares A .... 837 8.62 Fixed Trust Oil Shares B 7.75 7.50 Incorporators Investments ... 17.87 18.17 Land Bank Bond Shares 1.16 1.29 Low Priced Trust Shares 6.20 6.40 Mass Inv Trust Shares 18.73 20.36 Nation Wide Securities 3.34 3.40 N Am Trust Shares (53) 1.86 1.92 NAm Trust Shares (55-56)... 2.36 2.40 N Am Trust Shares (58) 2.42 2.46 Selected Am Share- 2.59 Selected Am Shares Inc .. 1.19 1.28 Selected Cumulative Shares .. 6.64 Selected Income Shares 3.46 4.00 Std Am Trust Shares A 2.95 3.00 Trust Shares of America ... 2.80 2.85 Trust Std Oil A 5.60 5.75 Trustee Std Oil B 5.00 5.12 U S Elec Lt. & Pwr A 12.75 13.00 Universal Trust Shares 2.98 3.04 Daily Price Index (By United Press) NEW YORK, May 3.—The Dun & Bradstreet daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 AVERAGE. 100) Today 106.26 Yesterday 106.38 Week Ago 105.00 Month Ago 107.26 Year Ago (May 4) 85.12 1934 High (March 12) 110.24 1934 Low' (Jan. 3) 101.05 (Copyright, 1934. by Dun & Bradstreet, Inc.i

Bright Spots " (By Abbott. Hoppin & Co.)—” - “

Amerada Corporation for the March quarter reports a net profit of $524,999, against a net loss of $201,939 for the like quarter in 1933. Kelvinator Incorporation announce April shipments were 57,245 units a gain of 90 per cent over same month of 1933, and anew time record. American Steel Founders declared a 50 cent dividend of the 6 per cent preferred stock after reporting a net loss for the first quarter of $201,027 as compared to a net loss of $495,532 in 1933. Borg Warner ends March quarter with a net profit of $865,093, against a net loss of $381,981 for same period of 1933. Columbia Gas and Electric Corporation for the year ending March 31, report a net of $12,534,697. against $16,190,278 in 1933. Youngstown district steel operations now 62 per cent of capacity, up 1 per cent over the start of week. Standard Oil of Nebraska declares regular quarterly dividend of 25 cents a share. Fox Film and subsidiaries in thirteen weeks ended March 31. earned 33 cents on combined Class A and B stock, agair. t a net operating loss of $557,122 in like period a year ago. Atlas Powder Company declares dividend of 50 cents on the common stock. Curtiss Wright Corporation and subsidiaries report a net loss of $204,979 for the first quarter after charges, as compared to a net profit of $4,753 in like period of 1933. Wright Aero Corporation first quarter shows a net lot of $75,109 after all charges, against a net profit of $105,384 for the first quarter a year ago. Butte Copper and Zinc for the March quarter earned 3 cents a share. Skelly Oil and subsidiaries for the March quarter show a net loss of $146,655 after all charges, against a net loss of $1,282,679 in first quarter. SALES, COLLECTIONS OF NATION CONTINUE GOOD Indianapolis Is One of Thirteen Leaders in Listing. By Times Special NEW YORK. Mav 4.—For the third consecutive month nationwide sales conditions and collections in wholesale lines held their own, according to a survey announced by the National Association of Credit Men. The study covers 100 major markets in every state. Based on reports from the Association's branch offices in these cities throughout the country the survey is a compilation of the experiences of the 20.000 member firms which are engaged in manufacturing. wholesaling and banking lines of industry. Sixteen cities report “good" collections and twenty-two “good” sales. Thirteen of the thirty-eight cities achieved the best record by reporting both sales and collections as “good." The remainder were in the single “good" list. Indianapolis was one of the thirteen cities placed on both the sales and collections "good” list.

PORKER PRICES RISE 5 CENTS: VEALS STRONG Cattle Market Scarce and Steady; Lambs Even at $9 Down. Porker values at the Union Stockyards this morning were unchanged to mostly 5 cents higher than yesterday's average. Underweights were slot; and steady, while other grades registered the advance. The general bulk. 160 to 325 pounds, sold at 53.75 to 53.35. Several better grade porkers sold up to 53.90. Light lights weighing from 130 to 160 pounds, brought S3 to $3.50. Small slaughter pigs, scaling 100 to 130 pounds, were selling at $2 to $2.75. Receipts were estimated at 6.000; holdovers, 463. With hardly enough cattle on hand to establish a market, majority of prices continued stationary. Cows | were dull and unchanged, selling from $3 to $4.50. Receipts were 300. ' An advance of 50 cents was evident in veal trading, with most classes selling from $7 down. Receipts, 700. Lamb market displayed a steady trading range, while bulk of shorn kinds ranged from $8 to $9. Several clipped grades were salable at $4.25 down. Receipts were 300. Scattered bids on hogs at Chicago were around steady with yesterday's average. Bulk of better grade porkers scaling 170 to 250 pounds, was bid in at $3.75. Receipts were estimated at 15.000, including 9,000; holdovers, 4.000. Cattle receipts were 1.500; calves. 800; market, steady. Sheep receipts, 9,000; market strong. HOGS April. Bulk. Top. Receipts. 28. $3.75(57 3.80 $3 90 2,000 30. 3.80® 3.85 3.95 7.000 May. 1. 3.70® 3.75 3.80 8.500 2. 3.70® 3.80 3 85 6.000 3. 3.70® 3.80 3.90 6.000 4. 3.75® 3.85 3.90 6.000 Market, higher. (140-160) Good and choice . $ 3.25® 3.50 —Light Weights—-(l6o-1801 Good and choice ... 3.75 (180-2001 Good and choice ... 3.80 —Medium Weights—-(2oo-220) Good and choice ... 3.85® 3.90 (220-250) Good and choice ... 3.85® 3.90 —Heavy Weights—-(2so-290) Good and choice ... 3.85® 3.90 (290-350i Good and choice ... 3.70® 3.85 —Packing Sows — (350 down) Good 3.00® 3.25 (250 lb.) Good 2 85® 3.15 (All weights) Medium 2.75® 3.00 —Slaughter Pigs—-(loo-130) Good and choice ... 2.00® 2.75 CATTLE Receipts, 300; market, steady. (1.050-1.100) - Good and choice $ 6.75® 8.25 Common and medium 4.50® 6.75 (1.100-1,500) Good and choice 7.00® 9.10 Common and medium 5.50® 7.00 (675-750) — Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-9001 Good and medium 4.75® 6 25 Common and medium 3.75® 4.75 —Cows— Good 3.50® 4.50 Common and medium 2.75® 3.50 Low cutter and medium . . 1.75® 2.75 —Buils (yearlings excluded)— Good (beef steers) 3.00® 3.75 Cutter, common and medium. 1.75® 3.00 VEALERS Receipts. 700; market, higher. Good and choice $ 6.50® 7.00 Medium 4.00® 6.50 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, 300; market, steady, shorn basis. (90-lb. downi Good and choice $8.50® 9.00 <9O-110 lb.l 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 (By United Press) CHICAGO, May 4. —Hogs Receipts, 15,000, including 9.000 directs: slow; about steady; 180-250 lbs., $3.75® 3.85, top $3.85; 260-360 lbs.. $3.50®3.15: 140-170 lbs., $3.25®3.75; pigs. $2.50 down; packing sow's, [email protected]: light lights. 140160 lbs., good and choice, $3.25® 3.75; light weight (160-200 lbs.), good and choice, $3.503.85; medium weights. 200-250 lbs., good and choice, $3.70®3.85; heavy weights 250-350 lbs. good and choice, $3.50®3.85; packing so.vs, 275-550 lbs., medium and choice. $2.75®3.35; slaughter pigs, 100130 lbs., good and choice, $2®3.25. Cattle —Receipts, 1,500; calves, 800; general market slow; steady to weak; no real outlet for inbetween grades of yearlings and light steers; good heifers tending lower; vealers fully steady; early top medium steer* $7.60; select vealers. $6.50®.7: slaughter cattle and vealers: steers 550-900 lbs., good and choice, $6®‘7.75; 900-1,100 lbs., good and choice, $6®8.75: 1.100-1.300 lbs., good and choice. $9.50: 1,300-1,500 lbs., good and choice. [email protected]: 550-1.300 lbs., common and medium. $4.50® 7.75: j heifers, 550-750 lbs., good and choice, $5.25 | ®6.50; common and medium, $3.50®5.25; cows good. 4.25® 5.25; common and me-I dium. $2.85®4.25; low cutter and cutter, | $1.75® 3; bulls (yearlings excluded) good beef. $3.25®3.75: cutter common and me- S dium. s3® 3.50; yearlings good and choice, j $5.50®7; medium. 54®5.50: cull and com- j mon, s3® 4: stocker and feeder cattle:! $4.75® 6: common and medium. $3.50® 5. | Sheep—Receipts. 9,000: fat lambs, active; opening sales and indications 15c to 25c or more higher; wooled skins. slo® 10.25: best these kinds held higher; clipped lambs above $9.25; sheep steady; top shorn ewes. $4.50; slaughter sheep and lambs (shorn basis): Lambs 90 lbs. down, good and choice. $8.65®9.65; common and medium. $6.25®8.75: 90-98 lbs., good and choice. $8.50®9.25: ewes. 90-150-lbs., good and choice. $3.25®4.50; all weights, common and medium. $2®3.90. FORT WAYNE. Mav 4.—Hogs—Steady to 10c higher: 250-300 lbs.. $3 80: 200-250 lbs., $3.70; 160-200 lbs. 53.65; 300-350 lbs.. $3.40: 15-16 lbs.. $3 35: 14-150 lbs.. $3.10; 130-140 lbs.. $2.85; 120-120 lbs.. $2.35: 100-120 lbs., $2; roughs, $2.75: stags, $1.50. Calves—s 6; lambs, $9.75 down. CINCINNATI, Mav 4.—Hogs—Receipts, 4.000. including 226 direct and through: ! holdover. 400: generally steady; outlet for ] half fat lighter weights very limited: j topped and bulk better 180-300 lbs., $4: j good to choice. 180-300 lbs.. $3.75® 3.90; j 140-160 lbs.. 53.25® 3.60: lighter weights from around $3 down: good packing sows. $2.50® 2.75. Cattle —Receipts, 1.100; calves.] 600; general market slow; most classes ; shade lower than earlier in week; steers | with weight steady: most slaughter steers ; and heifers. ss® 6.25; individual baby beef ! steers. $7; most fat cows. 53.50®4.25: low cutters and cutters. S2®3 25; bulked sausage bulls. s3®3 85; odd head. $4: calves, steady; good to choice. $5.50®6.50; plainer! sort. $5 down. Sheep—Receipts. 3.200; generally steady, good to choice spring lambs largely sll® 12; plainer kind. sß® 10; better shorn old crop lambs quotable j mainly from sß®9; fat ewes. s3®4. LAFAYETTE. May 4.—Market steadv to 5c higher. Hogs—2so-325 lbs,. $3 50® 3.75: 170-225 lbs.. $3.60®3.70; 150-170 lbs.. $3.25 ® 3.50: 130-150 lbs.. $2.75® 3: 120-130 lbs., $2.25® 2.50: 100-120 lbs. $1.75® 2: roughs, $2.75 down. Top calves. $5.50; top lambs. $8.50; spring lambs. sll. (By Times Special) LOUISVILLE. Mav 4 Cattle— Receipts. 200; including 66 direct: demand broad: market, moderately active, fully steadv; bulk common to medium steers and heifers. $4.50® 5.50: better finished kinds. $5.75 ®6 50 and above; bulk beef cows. S3 25® 4 25; good. $4 50. with heifer tvpes eligible higher; most low cutters and cutters. $1 50®2.75: strongweights to $3: sausaee bulls, mostlv S3 75 down: best heavy weights, quotable higher; Stockers and feeders slow and unchanged: bulk desirable light Hereford and Shorthorn Stockers. s4l(s® 5 25; common to medium grade natives. s3® 4. Calves. *5.50: steady: bulk better vealers. ss® 5.50: strictly choice. $6: medium and lower grades. $4 50 down. Hogs—Receipts. 1.000: steadv. 185-275 lbs.. $3 80; 280 lbs. up $3: 145-180 lbs . $3 25: 120-140 lbs . *1.90: sows. $1 80. Sheep— Receipts. 200: market, generally steady: bulk better springers. *10.50 to mostlv. $11: choice overnight and rail lambs quotable somewhat higher header, and plainer springers. $lO down to $9 or less: btter wooled lambs quotable. sß®9: cull to medium. s4®7; most fat clipped ewes. $2.50 6 3.

Investments and Investment Service Wm. E. Shumaker & Company, Inc. 1408 Circle Tower LI-8554

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

—May 4 High. Low. 11 30. ' Allied Products 17 Bendix Aviation 17% 17 17% Borg Warner 24 5 . 23% 24a Butler Bros li% 10% 11 Berghof! 7% 7% 7% Cent 111 Securities com % Cent &- So West 1% Chicago Corp com .. . 2% Produce Markets Delivered in Indianapolis Prices—Hens, 11c; Leghorn hens. 9c; Leghorn springerstags. 6c. large sarmger-s:ags. 9c cocks. 5 lbs. and over. sc. under 5 lbs . 4c: ducks, full feathered and fat. 4% lbs and over, sc: geese, 4c; young guineas. 1% to 3 lbs . 20c. old guineas, 15c: No. 1 strictlv fresh country run eggs, loss off 13c each full case must weigh 5 lbs gross: a deduction of 10c a pound for each pound under 55 lbs. will be made. Butter—No 1. 27® 26c; No 2. 25®26c; butterfat. 20c Quoted by Wadley. (Bv United Press) CHICAGO. May 4—Eggs Market, i steadv. receipts. 35.724: extra firsts. 16%c; fresh graded, firsts. 16c; current receipts. 14%®14%c: dirties. 13%e: checks. 13%c. Butter—Market easy; receipts. 9.550; extra firsts '9O-91% score'. 23%®23%c; firsts I 1 88-89' 2 score). 22%® 23c: seconds <B687% score). 22c: extras (92 score). 23%c; specials. 24% ® 24%c; standards. 23%c. Poultry—Market unsettled; receipts. 39 j trucks: heavy nens. He. old roosters. Bc. geese, 8c: broilers. 1-2 lbs. 23625 c; tur--1 keys. 18c. ducks, heavy. 12c; frvers and (springers, 24%®26%c. Cheese—Twins, !ll%®ll%c; Longhorns. 11%®12c. daisies. 11% ® 12c, Potatoes —Oi(l stock, supply liberal. demand and trading moderate; market steadv; Idaho Russets. 1 car. dark. $1.40: 4 cars. $1.45: 1 car. $1 47%; 2 cars. $1.50; 2 cars. $1.55; U. S. No. 2, 1 car. 51.22%; Washington Russets, combination grade, 1 car. $1.32%; 1 car. $1.35; Colorado McClures, burlap bags. 1 car. $1 45; 1 car. $1.47%, Wisconsin round whites, 2 cars. $1.25; 3 cars. 51.30: triumphs unclassified. 1 car. sl. New stock, supply liberal. demand and trading slow, market weak; Louisiana bliss triumphs, sacks per hundredweight. 5 cars, $2.50: 1 car. $2 60. Shipments, $752; arrivals, 57; on track, 270. NEW YORK Mav 4.—Potatoes Firm: Long Island. $1.7563.25 barrel: southern. $24/6 barrel; Maine. $1.156 3.35 barrel; Idaho. $26 2.10 sack; Canada. $1.90 6 2 barrel. Sweet potatoes —Steady; Jersey basket. 60c® $2; southern basket. $1.75® 185. Flour -Steady; springs: patents. $6.25® 6.50 barrel. Pork—Steady; mess $20.25 barrel. Lard Dull; middle west spot. $3 75® 3.85 per 100 pounds. Dressed poultry Irregular; turkeys. 14®.26c; chickens, 10%®28c; broilers, 18®28c; capons. 21® 34c; fowls, 16®21c; Long Lsland ducks. 15%®16c. Live poultry—Easy; geese. 6®. 7c; turkeys. 10® 16c; roosters. 10c; ducks, 8® 12c; fowls. 16® 18c; chickens, 12c; capons. 22c; broilers. 12® 23c. Cheese— Steady; state wnoie milk fancy to specials. 18® 19c; Young America. 12%® 13c. Butter —Receipts. 9,570 packages; market, steady; creamery, higher than extras. 25%®26c; extra, 92 score 25c; first, 90-91 score. 24%®24%c; first. 89 score, 24c; centralized. 90 score. 24%c; centralized 89 score. 24c. Eggs—Receipts. 18.142 cases; market steady; special packs, including unusual hennery selections, 18%®20c; standards, 17%®18c; firsts, 16%® 16%c; seconds. 15% 616 c: mediums, 15%; dirties. 15%®15%c; checks, 14%®15c; storage packs, 17 %® 17%c. CLEVELAND, May 4.—Butter—Market, steady, extras. 28c: standards. 27%c. Eggs —Market. steady: extra whites, 15c; current receipts, 14%c.-Poultry—Market, firm: Colored fowl. 4% lbs. and up. 16c; colored fowl medium. 17c: Leghorn fowl, 3% lbs. and up, 15c; Leghorn fowl light, 14c; broilers colored, ordinary. 23®24c; old roosters, 10® 11c: ducks, white. 5 lbs. and up. 18c; ducks light, old. 15c; broilers, fancy rock, 26627 c; broiler**, Leghorn. 21® 22c. Potatoes—Florida Spaulding Rose mostly $5.25 per bbl.; Eliss Triumphs. $1.50 ®1.60 bu.; Maine. $1.90® 2 per 100-lb. sack; Idaho. $1.756 1.90 per 100-lb. sack: Ohio best. $1.60® 1.65 per 100-lb. sack. N. Y. Coffee, Sugar Futures —May 3 —Santos— High. Low. Close. March 11.36 Mav 10.69 July >... 10.81 10.75 10.81 September 11.19 11.10 11.19 December 11.29 11.22 11.29 —Rio— January 8.49 March 8.52 May 8.15 July . 8.29 September 8.36 8.33 8.36 December 8.45 SUGAR High. Low. Close. January 1.§9 1.68 1.69 March 1.74 1.71 1.72 Mav 1.51 1.49 1.43 July 1.54 1.52 1.53 September 1.61 1.58 1.60 December 1.68 1.65 1.67 In the Cotton Markets —May 3 CHICAGO High. Low. Close. January 11.33 11 26 11.26 March 11.46 11.40 11.40 May July 11.05 10.95 10.95 October 11.20 11.09 11.12 December 11.30 11.21 11.21 NEW YORK January 11.30 11.20 11.21 March' 1142 11.31 11.31 May 10.82 10.74 10.74 July 11 00 10.86 10.87 October 11.15 11.03 11.03 December 11.26 11.15 11.15 NEW ORLEANS January 11.28 11.21 11.21 March 11.31 11.30 11.30 Mav 10.73 July 10.35 10.86 10.87 October 11.10 11.00 11.04 December 11.20 11.11 11.15 CHRYSLER DECLARES 25 CENT DIVIDEND Corporation Net Earnings in First Quarter Total 53,303,850. Bu United Press NEW YORK, May 4.—The Chrysler Corporation today declared a 25-cent extra dividend in addition to the regular quarterly dividend of 25 cents per share. The corporation reported earnings in the first quarter of $3,303,850, equivalent to 76 cents a share on the capital stock. This compared with a loss of $3,038,082 in the first quarter of 1933. The dividends are payable June 30 to stockholders of record June 1. Marriage Licenses Virgil A. McCollum. 31. of 2202 College avenue, salesman, and Vera Stutz. 28. of i 724 East Twenty-second street, saleslady Robert F. Scharfe, 26, of 1521 Orange ] street, salesman, atld Pauline C. Damn. 24. of 844 Lincoln street, clerk. Claude C. Coppock, 21. of Corrvton, . Tenn.. machinist, and Ruby Ellen Sierman. : 23. of 5014 East Washington street. Robert Harris. 58. of 737 West Twenty- ■ fifth street, janitor, and Danner Aldridge, 45. of 2516 Indianapolis avenue. Herschell R. Coil. 37. of South Bend, optometrist and Annabelle A. Lackel, 26. of 3541 North Meridian street. Andre R. Albero. 41, of 3471 North Illinois street, salesman, and Harriette E. I Melroy. 41. of 3464 North Illinois street.

-m i~n o . . _ ..... ’’ investment Securities 1 Dealers in General Market Securities CONTINENTAL INDIANAPOLIS r'lEY H 3°32 , |' BUILDING HILtY 33Z1

Abbott, Hoppin & Company 203 Continental Bank Bldg. Riley 5491 ' I " dia " aP " lis pSft MEMBERS. New York Stock' Exchange Chicago Board of rrade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Cu'b Exchange New York *>roduce Exchange Commodity Exchange. Inc. New York Coffee and Sugar Exchange Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. Woolling

, Cities Service . 2% Crane Cos 9% 9% 9% Gen Hse Hold Util 13 Iron Fireman - 14 Libbv-McNeil 6% 5% 6% Marshall Field ’ 18% 16% 16 s , Middle Wes- Utilities % % Neblirt-Sparks Inds Inc 13% Quaker Oats 111 Swift & Cos 17% 16% 17% Swift Internationa! . 32 30% 32 Utah Radio 1% Vortex Cup Cos II 7 , 11% 11% BOND APPROVALS GAIN Voters of Thirty-One State* Indorse Issues Totaling 511.030.810. Bu Timm spreinl NEW YORK. N. Y.. May 4 New state and municipal bond issues reported approved by the voters of ninety-four communities in thirtyone states during April totaled SI 1.030.810 as compared with only 55.410.320 during March, according to the Daily Bond Buyer of New York. April total last year was $1,267,500. During April the voters of sixteen communities rejected proposals to issue $3,137,221 in new bonds as compared with $35,828,297 in March. April total of rejected issues last year was $2,225,000.

Cash Grain

INDIANAPOLIS —May 3 The bids for car lots of grain at the call of the Indianapolis Board of Trade, fob shipping point, basis 41% New York rate were: Wheat Weak: No. 1 red. 39®70c; No. 2 red. 68® 69c: No 2 hard. 68®69c. Corn—Easy; No 2 white. 43%®45%r No. 3 white. 42%®43%c; No. 2 yellow. 41 ®43c: No. 3 vellow, 40® 42c; No. 2 mixed. 40® 42c; No. 3 mixed. 39® 40c. Oats—Weak: No 2 white. 28%®29%c; No. 3 wiite, 27%®28%c. —lnspections Wheat—No 1 red. 2 cars; No. 2 red, 1 car: No. 3 red, 1 car. Total. 4 cars. Corn—No. 2 white. 2 cars; No. 3 white. 1 car No. 4 white, 1 car; sample white. 1 car; No. 2 yellow. *T car; No. 3 yellow. 4 cars. Total, 10 cars. Oats—No. 2 white, 3 cars; No 3 white. 3 cars; No. 4 white. 1 car; sample white. 1 car. Total. 8 cars. Barley—No. 1 feed, 1 car. Total, 1 car. Local Wagon Wheat City grain elevators are paving 66 cents for No. 2 soft red wheat. Otner grades on their merits. (By United Press) CHICAGO. May 3.—Cash grain: Wheat— No. 2 hard. 80%c:*No. 5 dark hard. 77%e: No 2 mixed. 80%c. Corn—No. 2 mixed. 47%c; No. 2 vellow. 48%c; No 2 vtllow lake. 47%c; No. 3 yellow, 47%c; Tlo. 2 white. 52® 52%c; No. 3 white. 51c; sample grade white, old. 45%c; old. No 2 vellow. 48®48%c: No. 3 yellow, old. 47%®48 No. 4 vellow. old. 48c. Oats—No. 2 white. 31%®83%c: No 3 white. 31%c; No. 4 white. 29%®29%c; sample grade white, 28c. Rve No sale Bariev 65® 78c: quotable. 42®80c. Timothy—s 6 25® 6.50 Clover seed—soc® $2.75 Cash provisions: Lard, $5.70; loose. $5.25; leaf. $5.25; bellies. $7.75. TOLEDO. May 3.—Grain close (grain in elevators transit billing i; Wheat—No. 2 red. 80® 81c Corn—No 2 vellow, 52® 53c. Oats—No. 2 white. 36® 87c. Rye—No. 2, 50%®60%c. Track prices, 28%c rate: Wheat—No. 1 red, 76® 77c; No. 2 red, 75®76c. Corn—No. 2 vellow, 47%®48%c; No. 3 yellow. 46%®47%c; No. 4 yellow 45%®46%c. Oats—No. 2 white. 32%®34c: No. 3 white. 32®33%c Oats—No. 2 white. 32%®34c; No. 3 white. 32@33%c. Toledo seed close: Clover—Cash. $8.25 Alsike —Cash. $8.50. CHICAGO PRIMARY RECEIPTS —Mav 3 Bushels Todav Last Week Wheat 217.000 269.000 Corn 230,000 230.000 Oats 121.000 51.000 On Commission Row —May 4 —Fruits— Apples—New York Ba.dwins, fancy, $1.65 up: fanev Staymans, $2 25; fancy Winesaps, $2.50. South American Cherries—l6-lb lugs. $3.50, Oranges—California Sunkist. $3(34,50: Floridas, $3.503 4. Lemons—Sunkist. $5.50. Grapes—South American, crate. $3.00. Grapefruit—Florida, seedless, $3,503)4.25. Strawberries—Louisiana. 24-pt. crate. $2.50: Alabama. 24-qt. crate, $4.25 Melons—Argentina Honeydews, $,.00. Cantaloups—Pony crate, $4.50: standard (45). $5. Pears—Calavos. $3.50 per box. Bananas —Per pound. 5%c. Rasberries, Cal.. 12; % pts., $2.50. —Vegetables— Cabbage—New Texas, $1.35 per half crate: Florida red, $3 per hamper. Celery—Florida. $3 a crate, mammoth bunch. 85c; medium bunch. 45c; hearts, dozen bunches. $1.25. Onions—lndiana vellow. 50-Ib. bag. $1.25. 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, $3.25; bulk new. $1.50. Cauliflower —California, $2 25. Cucumbers —Hot house, per dozen. sl3 1.25. Lettuce—Hot house. 15-lb. basket. $1.50: Iceberg, 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. $1.50; original Mexican. 30-lb lug. $3.50. CHICAGO FRUIT MARKET (By United Press) CHICAGO. May 4.—Fruits and vegetables: Apples—Michigan spieces. $2 bu. Carrots—lllinois. 60 W, 75c bu. Spinach— Illinois, 75® 90c bu. Beans—Southern green. $2®2.50; wax. $2.5033.25. Cucumbers —Central western hothouse. $1,753 2.25. Tomatoes —Florida $1.50® 3: hothouse. $1.50® 17.75 (8 lbs. i. Sweet potatoes —Tennessee. $1.60®1.70 bu. Mushrooms—lllinois. 153 30c (lb. cartons). Asparagus—lllinois. 50 375 c, flat crates. Leaf lettuce—lllinois, househouse, 65® 90c 1 10lb. baskets). Onion market: 50-lb. sacks'. Michigan yellows. 75® 90c. Texas yellows. $1.1031.20. Texas whites. $1.1531.25. Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton Is allowed Domestic Retail Price* Anthracite * 4.25 | Coke, nut size 8.75 1 Coke, egg size §. <5 Indiana forked lump 5.50 I Indiana, egg 5.00 ] Indiana, mine run 4.7d ( Kentucky lump 7.00 i Pocahontas lump 8.25 . Pocahontas egg 6.25 : Pocahontas forked lump a.^s Pocahontas mine run < 25 New River smokeless 8.251 West Virginia lump 6.j5: West Virginia egg 6.00 Island Creek 7.00 Extra charge of 50c a ton for wheeling , coal and *1 a ton for coal carried to vin.

MAY 4, 1934

GRAIN MARKET HOLDS STEADY; NEWS SCARDE Heavy Precipitation Needed to Relieve Drought: Cotton Firm. BY HARMAN VV. NICHOLS United Press Staff Correspondent CHICAGO. May 4.—There were no new weather developments of importance overnight and grain prices held about steady at the ' opening of the Board of Trade I today. Whpat was '* cent lower to cent higher, edrn was unchanged to % cent higher, and oats were % cent lower to % cent higher. The market continued primarily a weather affair with the view that heavy precipitation is needed to relieve the drought in the grain belt. | Some scattered showers of little | consequence were reported in Kansas, Eastern Nebraska. Missouri and Oklahoma. Stocks and cotton were fairly firm ] but the trade paid little attention. Chicago Futures Range - May 4 ' Wheat— Prev. High. Low. in 00. close. ] Mav 79% .77% .79 .78% Julv 77% .76% .77% .76% Sept 78 s , .77% .78% .77* 2 Corn— Mav 45% 45% .45% 45% I Julv 4R% 47% .47% .47% Sept 49% .49% .49% 49% j Oat*— ! Mav 30% .29% .30 .29% July 29% .29% .29% 29% Sept 29 3 * .29% ,29 s * 29% Rye—- ! Mav 55’ .54% .55 .54% Julv .55% 54% Sept 56% .55% .56% .55% Barley— Mav .38% .38% July 39 .38% .39 .39 Sept .. .40% BRILLO MANUFACTURING CO. REPORTS EARNINGS First Quarter lnoon>* Equivalent to 16 Cents a Share. 8 11 Timex Special NEW YORK. May 4.-Brillo Manufacturing Company, Inc., in its report for the quarter ended March 31, shows net earnings, after all charges including depreciation, state and federal taxes, of $39,091, equivalent. after dividend requirements on j 26,370 shares of class “A” stock, to 16 cents a share on the 160.000 shares of common stock outstanding, which exceeds the quarterly dividend of 15 cents per share declared yesterday. This compares with $32,077 or 12 cents a share in the preceding quarter and $39,439, or 16 cents a share in the same quarter last year. Current assets as of March 31, 1934, amounted to $612,019 against j current liabilities of $96,330. a ratio of more than six to one. This compares with current assets of $581,678 I and current liabilities of $96,935 on March 31, 1933. Total assets amounted to $1,801,243 against $1,820,055 on March 31, last year.

Active Trading in V. S. Government Securities Municipal Bonds Land Bank Bonds Gravel Road Bonds General Market Securities • Direct Private Wire to Principal Markets Invcitmani Stcuriflas Pfaff 8 Hughel -INCORPORATED Chicago, Ft. Wayne, Evansville INDIANAPOLIS IMaois Bldg, t Lincoln 256$

WE BOY AND SELL: U. S. Government Bonda U. S. Territorial and Insular Bonda Indiana Municipal and Gravel Road Bonds Land Bank Bonds Home Owners' Loan Corporation Bonds Bonds and Stocks of Indiana Corporations General Market Municipal and Corporation Bonds Y Indianapolis Bond and Share Corporation 129 foil Market Straal TaUphona Rllay 4551

mum* General Banking Courteous, and tpendablt <erviee Bankers Trust Cos.

l BE SAFE Tnar Car Today Automobili Insurance Ass’n. LI 8571 7th Floor. Occidental Hldg.

Conservative Business Invited American Rational Bank AT INDIANAPOUS