Indianapolis Times, Volume 45, Number 308, Indianapolis, Marion County, 5 May 1934 — Page 9

MAY 5, 1934

Wall Street Pecora Fails to Tell Full Story of Bankers’ Earnings. BY RALPH HENDERSHOT

limes Special Financial Writer. INSTEAD 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

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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 other? 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 impressive to those who have little or no idea of the amount of capital involved in the stock brokerage business and the risks 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 all of the eggs laid in Washington these days will stand the light of the candle. ana THE New York Stock Exchange finally has listed the bonds of the Home Owners’ Loan Corporation. It took the institution *a long 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 outstanding in the hands of the public. The listing should help a great deal in working out the real estate 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 country today. They probably will threaten foreclosure at the least provocation in order to turn their mortgages into cash. b tt a According to Moody's spot commodity index, prices of commodities 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. Wall Street is beginning to believe that a change has taken place in the plans and aims of the administration. On Commission Row —May 4 —Fruit*— Apples—New York Baldwins, fancy. 51.65 up; fancy Stavmans. $2 25; fanev Winesaps. $2.50. South American Cherries —16-lb lugs. *3.50 Oranges—California Sunklst. $3®4.50: Florida*. *3 50 >4. Lemons—Sunklst. $5.50. Orapes—South American, crate. S3 no. Grapefruit—Florida, seedless, $3-50 4 4 25. Strawberries—Louisiana. 24-pt. crate, $2 50; Alabama. 24-qt. crate. 5J.25. Melons—Argentina Honeydews. $4.00. Cantaloups—Pony crate. $4.50; standard (45'. $5. Pears—Calavos. S3 50 per box. Bananas —Per pound. 5%c. Rasberries. Cal.. 12; ‘2 pts., $2.50. —Vege tables— Cabbage—New Texas. $1.35 per half crate: Florida red. $3 per hafhper. Celery—Florida. $3 a crate, mammoth bunch. 85c; medium bunch. 45c; hearts, dc cn bunches. $1.25. Onions—lndiana yellow. 50-lb. bat;. *1 25. Potatoes—Northern round white. 100-lb. bag. SI 85; Red River Ohio*. $l.B-5: Maine Greer. Mountain. $2.10: Colorado McClures. $2 Idaho Russets. 52 20: Wyoming Triumphs. 50-lb. bag. 9Qc; New Texas Triumphs. $1.85. Sweet Potatoes—Tennessee Nancv Halls, crate. $2. Asparagus—California fancy, crate. $3 "5. Beans—Round, stringless. $4. lima. $4 50. Beets—New Texas. 3-dozen crate. $1.75. Carrots—California. 6-dozen crate. S3 23; bulk new. $1.50 Cauliflower—California. $2 25. Cucumbers—Hot house, per dozen. sl2 1.25. Lettuce—Hot housp. 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 ißv United Press) CHICAGO. May 4 -Fruits and veg-e-ables Apples—Michigan spieces $2 bu. Carrots—lllinois. 60 u ,5c bu. Spinach— Illinois. 75 ; 90c bu. Beans—Southern green. $2 ; 2 50: wax, $2 50 6 3 25. Cucumbers—Central western hothouse. *1.75® 225 Tomatoes—Florida $1.50<f3: hothouse $150i17 75 -8 lbs a. Sweet potatoes—Tennessee. $1 60-.i1.70 bu. Mushrooms—lllinois 1$ ; 30c ilb. cartons'. Asparagus— Illinois. 50 1 75c. fiat crates. Leaf lettuce—lllinois, househouse, 65 ; 90c ■ 10lb baskets . Onion market' 50-lb. sacks'. Michigan vellows. 75m 90c. Texas yellow s, sl.lo.rt 1 20. Texas whites. $1.1521.23. N. Y. Coffee, Sugar Futures —May 4 —Santos— High. Low. Close January 11 28 May 10 60 Julv 10 82 10 68 10 70 September 11.20 11.05 11 08 December 11.29 11.15 11 18 —Rio.— January March • 8 46 May 8:15 8 09 8 09 July 8 24 8 20 8 24 Sep’ember . „ 8.32 December ..... 8.40 839 839 SUGAR High. Low. Close Januair ,lj* L 73 }2} March 1-74 l-<3 \i' July ................ . 150 September 154 }53 154 December 1-68 1 6< 1 68 In the Cotton Markets —May 4—• CHICAGO High. Low Close January 11 a5 11 30 11.55 March 11 65 11 42 11 65 July 11 24 10 97 11 24 October 1140 1114 11.40 December .... 11 50 11 25 11.50 NEW YORK January 11 54 11 20 11 S3 March . 11 65 11 36 11 84 Mav 11 06 10 82 10 53 Julv 1119 10.91 11.10 October 11 35 11.07 11.33 December 11 48 11.19 11.48 NEW ORLEANS January 11 45 11 44 11.45 March 11 58 11.44 11 58 May 11 00 10 90 10 98 July 1118 10 93 1114 October 11 SO 11 06 11.29 Decembtt 11.43 11.17 11.42

STOCKS BREAK FROM HIGHS IN LATEJTIADING J. I. Case Slumps Nearly 6 Points to a New Low for 1934. BY ELMER C. WALZER United Pres* Financial Editor NEW YORK, Mcy s.—Firming tendencies were in progress on the Stock Exchange until the last hour yesterday when prices receded from their highs. A break of 5% points to anew 1934 low at 58% in J. I. Case and a decline to anew low on the movement at around 112, against a previous close of 114 in American Telephone were unsettling influences. There was no explanation for the Case drop which came in the face of a substantial rise in grains, with wheat up more than a cent a bushel. In the case of Telephone many traders were unloading in belief the company would be forced to cut the dividend now that rates are being forced down in various sections of the country.

Silver Shares Strong Utilities as a group were moving, contrary to the trend in the general market most of the day. The New York state utilities were unable to respond to the firm trend in the remainder of the list on expectation of higher taxes and rate cuts. Others were barely steady. Late in the day it was reported the Bell Telephone system continued to show a net gain in stations during April, continuing the upward trend which started last September and being the eighth month to show a consecutive gain. Silver issues were bid up in the early trading, but they gave up part of the grains later. At the high United States Smelting sold at 117%, up 3%, and American Smelting 41, up 1%. Allied Chemical declined below the previous close near the end of the session after holding well most of the day. Dupont also was lower. Steel issues moved in a narrow range. U. S. Steel touched 47'*, up a point, and then receded toward the previous close. Bethlehem registered a small loss. American Sugar Refining again w’as in demand at rising prices to feature the sugar division. Spiegel-May-Stern spurted 5% points to 59%, when the April sales were made public. They showed a gain of 169 per cent over April, 1933. Later the issue ran into profit-tak-ing and part of the gain was erased. Car Loadings Gain Rails were firm on the weekly car loadings report showing an increase of 19.201 cars over the preceding w r eek. Small gains were made by American Can, International Telephone, Kennecott, Pennsylvania Railroad, Union Carbide, and Westinghouse Electric. Business new’s included a fairly good showing in retail trade and a sharp rise in automobile production. Stock sales today approximated 840.000 shares against 1,110.000 shares Thursday. Curb sales yesterdaywere 148.000 shares, against 177.000 shares Thursday. Dow Jones preliminary averages showed industrial, 99.29, up 0.35; railroad 46.74, up 0.20; utility 23.64, Off 0.31. Money and Exchange INDIANAPOLIS BANK CLEARINGS —Mav 4 Clearings $1.930,00b.n0 Debits 5.033,000.00 FOREIGN EXCHANGE <Bv Abbott. Hoppin & Cos.) —May 4 _ Close. Sterling England $5 12 Franc. France 0563 Lira Italv 0854 Be’.gias. Belgium 7345 Mark German*" • 3955 Guilder. Holland 6803 Peseta. Spain 1323 Krone. Norwav 2577 Krone. Denmark 2290 Yen. Ja’pan 3040 Treasury Statement (By United Press) WASHINGTON. May 4.—Government expenses and receipts of the current fiscal year to May 2. compared with the corresponding period of the previous fiscal year: This vear. Last year. Expenses $5,886,224.922 22 $4,292,269,257.80 Receipts $2,523,864,257,49 $1,663,544.157 51 Deficit . $3,362,360.664 73 $2,623,745,100 29 Cash balance $2,246,219,923.75

Retail Coal Prices The following prices represent * Quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed Domestic Retail Prices Anthracite $ 4.25 Coke, nut sire 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 v 25 Pocahontas mint run 725 New River smokeless 8.23 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ten for wheeling coal and SI a ton for coal carried to •in. Marriage Licenses Virgil A McCollum. 81. of 2202 College avenue, salesman, and Vera Stutz. 28. of 724 East Twenty-second street, saleslady. Robert F. Scharfe. 26. of 1521 Orange street, salesman, and Pauline C. Daum. 24. of 844 Lincoln street, clerk. Claude C. Coppock. 21. of Corn-ton, Tenn . machinist, and Ruby Ellen Sierman. 23. of* 5014 East Washington street. Robert Harris. 58. of 737 West Twentvfifth street, janitor, and Danner Aldridge. 45. of 2516 Indianapolis avenue. Herschell R. Coll. 37. of South Bend, optometrist and Anr.abelle A. Lackel, 26. of 3541 North Meridian street. Andre R Albero. 41. of 3471 North Illinois street, salesman, and Harriette E. Meiroy. 41. ol 3464 North Illinois street. Births Boy* Wesley and Eva Rhodehamel. Methodist hospital. Lindsv and Martha Raisor. 2015 West New York. Joseph and Geraldine Gonsalu*. 439 Douglas. James and Ozella Allen. 936 West Michigan. Norinan and Roberta Beasley. 2228 Barrett. Theron and Frankie Kimmons. 616 West Twelfth. George and Mary Locke. 812 North Oriental James and Eva Fall. 2917 North Sherman. Raymond and Nina Wolfanger. 3108 North New Jersey. Olie and Lulu Williams. S2s ! i Indiana Kenneth and Fern Wilson. 1523 West Wilcox. Wavne and Nora Morris. 921 Colton. Nick and Angelina Kretcheotes. 534 Somerset. Deaths E-gene Ragsdale. 32. Community hospital. hypostatic "pneumonia. Cora Alcie Buad, 8. Riley hospital. diabetes mellitus. Aladeon Hunsmger. 7. Methodist hospital. measles. 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. Shells, Oil and subsidiaries for the March quarter show a net ion of *146.655 after ail charges, against a net loss of *1,282,679 tn first quarter.

New York Stocks ———— ißv Abbott Hoppin * Cos.) ———————

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 t-,25 Twenty utilities 24.29 23.85 23.95 .15 Forty bonds 94.74 -.02 Ten first rails -15 Ten second rails 83.85 —.06 Ten utilities ..... 97.54 —.OB Ten industrials +.09 - Off. - Up.

—May 4 Prev. Oils— High. Low. Close, close. Amerada 51 50% 50% 49% Atl RJg 21 26% 26% 26% Barnsdal 8% 8’ 8% 8 : Consol Oil 11% 11% 11% IIH Cont of Del ... 20% 20 20% 20% Houston (new) 4% 4% Houston < old) 24 v* ... Indian Rfg 3 . Mid cont Pet .• • • • • 12% Ohio Oil •••• 12% 12% 12% 12% Phillips Pet .. 19 18% 18% 18% Plymouth Oil .. 12% 11% 12% 12% Pure Oil 11% 11% H% 11% Roval Dutch ... 35% 35% 35% 34% Sbd Oil 35% 35% 35% 34% Shell Un 9 8% 9 8% Skelley Oil 10% 10% 10% 10% Soc Vac 16% 16% 16% 15% SO of Cal 34% 33% 33% 34 8 O Os N J ... 44% 44% 44% 44% Sun Oil • • 60 Texas Corp 25% 25 25% 25% Tidewater Assn. 13% 12% 12% 12]* Un Oil of Cal . 16% 16% 16% 16% Steels — Am Roll Mills . 22% 22 22 22 Beth Steel 38% 37% 37% 37% Byers AM. 25 24% 24% 25 Coi Fuel & Iron 5% Cruc Steel ... 28% 28 28% 28 Inland Steel... . . 44 Ludlum Steel .. 16 15% 15% McKeesport Tin 85 % 85 Mid Steel 14% Natl Steel 48% 48 48% 47% Otsl Steel 5% 5% 5% 5% Hep Iron & Steel 17% 18% 18% 18% Rep Ir & Stl pfd 54 52 1 a 53 53 U S Pipe & Fdy 26% 26% 25% 25% U S steel ... 47% 46% 46% 46% U S Steel pfd 91% 91 91% 91 Warren Bros 10% 10% Youngstn S£z T 25 24 24% 24% Motors— Auburn 43% 40% 41% 41% Chrysler 47% 45% 4-s"s 45% Gen Motors 36% 35% 35% 35% Gen Motors pfd 102 101% 101% 102% Graham Mot ... 3% 3% 3% 3% Hudson 16% 15% 16 15% Hupp . 4% 4 Mack Truck ... 28% 28% 28% 28% Nash 20% 18% 20'* 191) Packard 4% 4% 4 % 4% Reo 4% 4 4 4% Studebaker 5% 5% 5% 5% Yellow Truck 5% 5% 5% 5% Motor Access— Bendix 17% 16% 16% 16% Bohn Alum .... 62 60% 60% 61 Borg Warner ... 24% 24 24% 23% Briggs 18% 17% 17% 17% Budd Wheel... 4% 4 4 4 Eaton Mfg .. 19% 18% 18% 19% Elec Auto Lite.. 24% 23% 28% 22% HoudaiUe "A”.. 5 4% 4% 4% Mullins Mfe ... 13% 13’ * 13'2 13% Murray 80dy... 8% 8% 8% 8% Stew Warner 8% 8% 8% 8% Timken Roll 32% 32% 32% 31% Timken Det Axel 7Va 7% 7% 7% Mining— Alaska Jun 19% 19% 19% 19% Am Metals 23% 23 23 22% Am Smelt 41 39% 40 39% Anaconda 15% 15% 15% 15 Cal & Hecla . 5 4% 4% 4% Cerro De Pasco. 33’2 32% 32% 32 Dome Mines . • 37% 36% 37% 37% Granbv 10% 9% 10% 9% Gt Nor Ore 13% 13% Homestake Min . . ■ 351% Howe Sound . .. 46% 46 46% 45 Ins Copper • 5 Int Nickel - . 28'/a 28 28 28 Kennecott Cop . 21% 20% 21% 20% Mclntyre Mine .26 45% 45% 45% Noranda Cop ... 40% 39% 40% 39% Park Utah 4% 4 4 3% Phelps Dodge ... 17% 17% 17% 17% St Joe Lead .... 20% 20% 20% 20% U S Smelters ...117% 114% 115 114 Vanadium 24 23% 23% 22% Amusements— Crosley Radio 17% 13% Fox-Thea 16% 15% 15% 15% Loews Inc 33 32% 32 Vi 32 Radio Corp 8% 7% 8 8% RKO Corp 3%' 3% 3Vi 3% Warner Bros .... 7 6% 6% 6% Tobaccos— Am Snuff 57 Am Sum Tob . . . 17% 17% Am Tobocca ‘‘A* 70 691* 70 69 Am Tobacco 'B' 72% 71 71% 71% Gen Cigars . 36 35% 36 36 Bigg & Myers 'B' 93% 92% 92% 92% Lorillard 17% 17% 17% 17% Reynolds Tob 843 U 43% 43'% 42% Rails— Atchison 66% 64% 66% 64% Atl Coast Lines • 44 43 43 43 B & O 27 26% 27 26% Can Pac 16% 16% 16% 16% Ch & Ohio ... 46% 45% 46% 45% Chi & Gt W 3% C & Gt W pfd 9% C M & St P 6 5Vi 5% 5% C M & St P pfd 9% 9% 9% 9>4 Chi N W W ... 11% 16% 11% 10% Chi N W pfd .. 21% 21 21 20% Dela & Hud 60 % 60 Del Lac & W. 26 25% 25% 25'4 Erie 21% 21'% Erie pfd . 25% 25 Grt Northn pfd 25% 24% 24% 24% 111 Central 29% 29% 29% 29 K C Sou . 16 ... Lehigh Valiev 17% 17% 17% 17% Lou & Nash ... 59% 59 59% 58 M K & T 11% 10% 10% ... M K <fc T pfd . 27% 26% 26% 26% Mo Pac .. 4% . Mo Pac pfd ... 7% 678 6% 6% N Y Cent 31 Vs 30 30 30 Vs N Y Chi & St L .. . 22 21% NYCh&S Lp 36 35% 35% 36 N Y New Haven. 17% 16% 16% 16% N Y Ont & W. 8 7% 7% 8 Norfolk & Wes . . 178 177% Nor Pac 32 % 31 31% 30’s Penn R R 32% 31% 32 31% Sou Pac 25% 24% 24% 24% Sou R R 29% 28% 23% 28 Sou R R pfd ... 36% 35% 35% Union Pac ■ 129 129% Wabash ■ 3% 3% 3% 3% West Maryland 13% 13Vs 13% 13 % Equipments— Allis Chalmers . 17% 17% 17% 17 Am Brake Shoe. • • 29% Am Car & Fdy 25% 25 25 25% Am C & Fdy pfd • 45% 45% Am Loco 30 29% 29% 30 Am Loco pfd ■ • 6o Am Mach & Fdy 15% 15% 15% . Am Steel Fdy . • 19 18% Bald Loco .. 12% 12% 12% 12% Bald Loco pfd... 54 53 53 52 Burroughs 14% 14% 14% 14% Case J L 64% 58% 59% 64% Cater Tract ... 31 29% 29% 30% Deere &Cos ... 26% 24 s 25% 25% Elec Stor Bat . . . 45'/* .. . Foster Wheeler. 13 17 17 17 Gen Am Tnk Car 38% 38% 38% 3'% Gen Elec 21% 21% 21%, 21% GenßßSle .... . • 40% ... Ingsol Rana 61% 60 60 61 Int Harvester ... 38% 37% 3i% 38% Natl Cash iy?g.. . • I]% 1] Pullman Inc . • ■ 55% 54% 54% 54 Rem Rand 10 s * 10% 10% 10% Und Elliot 43% 43 43% 42% West Air B 32 31% 31% 32 Westingh Elec 38% 37 37 36% Worthingtn Pmp .. ... Utilities — Am & For Pwr 9 8% 8% 8% Am Power & Lit 8 7% 7% 1% AT&T 114% 112 112 114 Am Wat Wks .. 19% 19 19 19% Brook Un Gas .63 62 62 63 Col Gas & Elec 14 13% 13% 13% Col G& E pfd . . • 74% 75 Com & Sou .... 2% 2% 2% 2% Consol Gas .... 34% 33% 33% 34 Elec Pwr & Lt. 6% 6% 6% 6 EP & L pfd . 14% 14% 14% 14% Int Hydro Elec- 7% 7% 7% 7 Int TANARUS& T . 13% 13% 13% 13 Lou G El "A”.. ... 17% 17 Nat Pwr &Lt . 10' a 10% 10% 10% North Amer ... 17% 177% 17% 17 Pac G & E 18% Peoples Gas ... ' 33 33 Postal Tel pfd . . 21% 21 Pub Serv N J .. 37% 36% 36% 37 So Cal Edison.. 17% 17% 17% 17% Std Gas 11% 11 11% 11% Std Gas pfd ... 12% 12% 12% 12% Stone & Web... 8% 8% 8% 8% United Corp ... s s * 5% 5% 5% Un Gas Imp • 16% 16% 16% 16% Ut Pwr & Lit A 3% 3% 3% 7% Western Union 51 48% 48% 49% Rubbers— Firestone 21% 21% 21% 21% Goodrich 16 15% 15% 15% Goodyear 35 34 34 33% Kel!v Spring .. . 3% 3 U S Rubber 22% 21% 21% 21% U S Rubber pfd 55% 53% 53% 53% Miscellaneous— Aril Bank Note 21% 20% 20% 20 V* Am Can 100% 99% 99% 99 Anchor Cap 22% 21 22% 20% Brk’.vn Man Tr 38% 37% 38% 37 Conti Can 80% 79% 79% 80 Crown Cork . 29 29% Curtis Pub . 24% 24 24% 23% Curtsi Pub pfd 79% 78% 79% 77 Eastman Kodak 91% 90% 91 s * 90% Gillette 11 10% 10% 10% Glidden 25% 25 25% 25* a Inter Rapid Tr 9% Owens Bottle . . 82% Raybestos Mfg . 18% 18% 18’2 18 Fods— Am Sugar .... 53% 52% 53% 51% Armour A' ... 6% 6% 6% 6% Beatrice Cream. 16 15% 18 15% Borden Prod . . 24% 24 24 23% Cal Packing 34 32% 32% 32% Canada D Q Ale 25% 24% 24% 24% Coca Cola 117% Cont Bak A' . . 10% 10% Corn Prod 68% 68% 68% 67% Crm of Wheat 32% 32% 32% 32% Cuban Am Sug 7% 7% 7% 7% Gen oFods .... 34% 33% 33% 33% Gold Dust 20% 20% 20% 20% G W Sugar .... 29% 28% 29% 28% Int Salt . 27% . Loose Wiles 41% 41% 41% 41% Natl Biscuit 40 39% 39% 39% Natl D Prod .. 16% 16% 10 s 2 16% Puritv Bak 15% 15% 15% 15% S Porto Rico Sug 31% 31% 31% 31% Spencer Kellogg . . 20% Std Brands . . . 21% 20% 20% 20% Un Biscuit 27% 27 27% 26% United Fruit .. 71 70% 70% 70 Wrigley 64 Retail Stores— Asso’Dry Goods 14% 13% Best &Cos 32% 32% 32% 32% First Natl Stores 64% 3% 63% 63% Gimbel Bros 4% Gimbel pfd 2* Or Un Tea 7 6% Hahn Dept Sts.. 6% 6% 6% 6 Kresge S S 19% 19% 19% 19% Kroger Oroc ... 30% 30% 30% 30% Macy R H 45% 45 45% 44% Marshall Fields. 16% 16% 16% 164* May Dept St ... 40% 39% 39% 40 Mont Ward .... 58% 27% 27% 27% Natl Tea M 13% 13% 13%. Penny J O 59% 59 59% 59%

THE INDIANAPOLIS TIDIES

Sears Roebuck.. 45% 45 45 45 Woolworth 51V* 50% 51 50% Aviation— Aviation Corp .. 7% 7% 7% 7'* Curtiss Wright-• 3% 3% 3% 3% Curtiss Wright A 9 ! * 8% 9% 8% Douglas Air ... 21% 20% 20% 20 Nor Am Av .... 5% 5 5% 5'2 Speery Corp • 9% 9% 9% P% United Aircraft 23% 22% 22% 22% Wright Aero ... 52% 51 Vi 51% 51% Chemicals— Air Reduction ..102% 101% 102% 101% Allied Chem .. 146 143% 143% 145 Am Com Alcohol 47 44% 45 47 Cel Carbon ... 71% 70'* 71 70% Com Solvents... 24% 23% 24 23% Du Pont 93 90% 90% 91% Freeport Tex . 43 42 1 2 42% 42% Liquid Carb ... 32 31 31 30% Math Alkali 32% 32% 32% 32 Mont Chem 44 % 44 44 43% Natl Dis mew) 28 27% 27% 279* Scheneley Dls . 33% 32% 32% 32% Tex Gulf Sulph. 34% 34% 34' 2 34% Union Carbide 43% 42% 43% 42% U S Ind Alcohol 50 49% 49>% 499* Virg Chem 6% p 20 Drugs— Coty Inc 6% 6 6'/ 5% Lambert 25% 24% 25 25% Lehn & Fink 2 2% 21% Un Drug 16% 16 16% 16 Zonite Prod 6% 69* Financial — Adams Exp .... 9% 9% 9 89* Allegheny Corp 3% 33 3 An Int Corp ... 8% B'/* 8% 8% Cbesa Corp . 459* 45% Lehman Corp .. 71 70 71 70 Transamerica .. 6% 6% 6% 6% Tr Conti Corp 4% 49* Building— Am Radiator ... 14% 14% 14% 14% Gen Asphalt ■.. . • 21 Int Cement 26% 26% 26% 269* Johns Manville 53 52 52 52 Libby Owens Gls 34% 33% 33% 33% Otis Elev 15% 15% 15% 159* Ulen Const ... ... 3 HouseholdCol Pal Peet .... 18% 15% 16 15% Congoleum 27% 26% 269* 26% Kelvinator 18% 179* 17% 17V2 Mohawk Carpet. 18% 18% 18% 18 Proc & Gamble. 35% 34% 34% 34% Simmons Bed ... 18% 18 18 179* Textiles— Amer Woolen ... 12% 12% 12% 12% Belding Hem 13'% 13% 13% 13% Celanese Corp .. 31 29% 30% 29% Collins Aikman . 22 21% 219*- 21% Gotham Hose .. . . 9% Indus Ravon .... 76 75 5 /* 76 75 Kavser Julius ... 16% 16 16 ’l6 Real Silk 10 New York Curb (By Abbott, Hoppin & Cos) —May 4 Close.! Close. Allied Mills ... B%Hiram Walker .. 35 Alum Cos of Am 72%!Hud Bav Min.. 13'/* Am Cyanide B 19% Humble Oil 43 Am Gas & El 20 'lmperial Oil Ltd 15'/* Am Superpower 2% I Int Petrol 23% Ass Gas & El.. % ; Lake Shore Min 49% Atlas Corp ... 12 iLibby McN Libby 6% Can Inds Ale A ll%;Lone Star Gas 7 Can Marc 2%,Natl Bellas Hess 3'/* Cities Sery .... 2% Nia Hud Pwr... 6 Comwlth Ed . 55% Novadel Agene. 219 k Cnsl Gs of Balt 57% Pan Am Airwys 41 Cord Corp ... 6 Park Davis 24% Creole Petrol . 12%|Penn Road 3 Crwn C'rk Inti. 7%'St Regis Paper. 3'% Deere & Cos . 25% Salt Crk Prod.. 6% Distillers Corp. 17% Sherwin Wms .. 69% Dow Chem . ... 92% Std of Ind .... 26% El Bnd & Sh.. 14% Std of Ky 16% Fisk Rubber ... 14% Technicolor Ind 9% Ford of Can A 23% Un Gas 2% Ford of Europe 8% j Un Pwr & Lt A 3% Glen Alden Coal 16%!Wrt Hargvs Min 9% Gulf Oil of Pa 64 I Investment Trust Shares (By Abbott, Hoppin & Cos.) —May 4 Bid Ask American Bank Stocks Corp... 1.17 1.22 American & Gen Sec A 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 . 4.65 4.75 Corporate Trust Shares (Old). 2.10 2.17 Corporate Trust Share (new). 2.34 2.38 Cumulative Trust Shares 3.95 Diversified Trust Shares A ... 6.25 Diversified Trust Shares B ... 7.75 8.00 Diversified Trust Shares C.... 3.13 3.17 Diversified Trust Shares D ... 4.65 4.80 First Inurance Stock Corp ... 1.30 1.35 First Common Stock Corp... .80 8.55 Fixed Trust Oil Shares A .... 8.30 8.55 Fixed Trust Oil Shares B .... 7.20 7.45 Incorporators Investments ... 18.00 18.25 Land Bank Bond Shares 1.16 1.29 Low Priced Trust Shares 6.26 6.40 Mass Inv Trust Shares 18.73 20.36 Nation Wide Securities 3.35 3.40 N Am Trust Shares (53) 1.85 1.90 N Am Trust Shares (55-50).. 2.36 2.40 N Am Trust Shares (58) 2.40 2.50 Selected Am Shares 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 2.90 2.95 Trust Shares of America 2.777 2.82 Trustee Std Oil A 5.55 5.65 Trustee Std Oil B 5.00 5.12 U S Elec Lt & Pwr A 12.75 13.00 Universal Trust Shares 3.00 3.05 Daily Price Index (By United Press) NEW YORK, May 4.—Dun Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United (1930-1932 average, 100) Today 106.92 Yesterday 106.26 Week ago 105.52 Month ago 107.52 Year ago (Mav 5) 86.01 1934 High (March 12) 110.24 1934 Low (Jan. 31 101.05 (Copyright, 1934, by Dun, & Bradstreet, Inc.)

Bond Prices

;By Fenner & Beane)" —May 4—High. Low. Close. Alleg Corp 5s ’SO ■•. 43% 42',i 43 Am & For Pwr 5s 2030.. 54% 54 54% A T & T db 5s ’65... 108 107% 108 Atchison gen 4s '95 101 100% 101 84-O CV 4%s ’6O ... 67% 66% 67% Beth Steel 5s A ’76 ...102% 102% 107% Can Pac 4s '57 827* 82 82 7* ChMStP&P ad 5s A 2000 17% 16% 17 ChMStP&P rs 5s A ’75 52% 50% 51% Cons Gas N Y 4%s ’sl 104 103% 103% Denmark 5%s '55 91% 90% 91% Det Ed 5s E ’52 . 107 Erie R R rs 5s ’67 76% 75% 76 Franch 7s ’49 . 182 Goodyear 5s '57 99% 99 99% Gt Nor 4%s D '76... . 82 Gt Nor 7s A ’36 98% 97% 98% Interboro RT 5s '66 ... 70% 69% 69% Int T & T db 5s '55 63 % 63 63 McKess & Robb 5%s ’SO 82% 81% 82 Nat Dairy db 5%s '4B ■95 94% 95 IN Y Cent 4%s O 2013. 77% 77% 77% Nor Am 5s '6l 89% 89% 89% Pac Gas &r El 5s A '42 105% 105% 105% Para Pub 5%s 'SO 50 49 49% Penn R R 4%s D '81... 96% 96% 96% Poland 7s ’47 107% 105% 107% Roval Dutch 4s A ’45 .127% 126 127% Shell Un Oil 5s ’47... 98% 98 98 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% Un Paclst 4s '47 ..104% 104% 104% U S Rubber 5s A ’47.. 87'% 87 87% Vanadium 5s '4l 86 84% 85 Western Un 5s ’sl .. 94% 94'a 94% Ygstwn S&T 5s B '7O . 853* 85 85 U. S. GOVERNMENT BONDS (By United Press) NEW YORK. May 4.—Closing liberties. (Decimals represent thirty-seconds.) Liberty 3%s (32-47) 103.31 First 4%s (32-47) 104.11 Fourth 4%3 (33-38) 104.8 Treasury 4%5-3%s '45) 102.31 4%s (47-52 111.14 3%s '43-47) 103.16 3%s (41-43' March 103.25 3%s (40-43) June 103.27 3%S (41) 103.19 ■3'sS <46-49) 101.18 3s (51-55) 100.6 FEDERAL FARM LOAN BONDS —May 4 (Bv Blyth & Cos.. Inc.'. Bid. Ask. 4s Nov. 1. 1957-37 100 100% 4s Mav 1, 1958-38 100 100’2 4%s July 1. 1956-36 100 100% 4%s Jan. 1, 1957-31 100% 100% 4%S May 1, 1957-37 100% 100% 4% s Nov. 1. 1958-38 100% 101 % 4%s Mav 1, 1942-32 10<)% 100% 4%s Jan. 1, 1943-33 100% 100% 4%s Jan. 1. 1953-33 99% 100% 4%s Julv 1, 1953-33 99% 100% 4%s Jan. 1. 1955-35 100% 100% 4%s Jan. 1. 1956-36 100% 101% 4%s Julv 1. 1953-33 100% 100 * 4%s Jan. 1. 1954-34 100% 100% 4%s July 1. 1954-34 100% 100% 5s Mav 1. 1941-31 101% 101% 5s Nov. 1. 1941-31 101% 101%’ Home Loan 4s July . 1951 100’2 100% Federal Farm Mortgage Corporation 3%s March 15, 1964-44 101% 102% Bonds Used in Refinancing By Tiims Special WASHINGTON. May s.—William I. Myers of the farm credit administration today announced that about $33,500,000 'in Federal Farm Mortgage Corporation bonds had been used in refinancing farm mortgage loans. These .bonds represent a total of IMOO loans.

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 Thursday's average. Underweights were slow and steady, while other grades registered the advance. The general bulk. 160 to 325 pounds, sold at $3.75 to $3.85. Several better grade porkers sold up to $3.90. Light lights weighing Irom 130 to 160 pounds, brought $3 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 Thursday’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® 3.80 $3.90 2,000 30. 3.80® 5.85 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....s 3.25® 3.50 —Light 'Weights—-(l6o-180) Good and choice ... 3.75 (180-200) 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 (290-350) Good and choice ... 3.70® 3.85 —Packing Sows—(3so down) Good 3.00® 3.25 (250 lb.) Good 2.85® 3.15 (All weigl.ts) 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 —Bu'ls (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® 4.0 C —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.6. —Feeder and Stocker Cattle— Good and choice 4.25@ 5.7; Common and medium 3.00® 4.2 (800-1.500) Good and choice 4.25® 5.7 Common and medium 3.00® 4.2. SHEEP AND LAMBS Receipts, 300; market, steady, shorn basis. (90-lb. down) Good and choice $8.50® 9.0i (90-110 lb.) Good and choice . 8.50® 8.7. (500 lbs. down) com and med. 7.00® 8.2 —Ewes— Good and choice 3.00® 4.0 Common and medium 2.00® 3.00 Other Livestock (Bv United Press) CHICAGO, May 4.—Hogs Receipts. 15,000. including 9,000 directs; slow: about steady; 180-250 lbs., [email protected]; top $3.85; 260-360 lbs., [email protected]; 140-170 lbs., $3.25®3.75; pigs. $2.50 down: packing sows. $2.85® 3 10: light lights. 140160 lbs., good and choice, $3.25®3.75; light weight (160-200 lbs.), good and choice, [email protected]; medium weights. 200-250 lbs., good and choice. $3.70®3.85; heavy weights 250-350 lbs., good and. choice, $3.50(g3.85: packing sows, 275-550 lbs., medium and choice, $2.75®3.35; slaughter pigs, 100130 lbs., good and choice, [email protected]. 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 steers $7.60; select vealers, $6.50®7; slaughter cattle and vealers: steers 550-SoO lbs,, good and choice, s6®7.’Js; 900-1,100 lbs., good and choice, [email protected]; 1,100-1,300 lbs., good and choice, $9.50: 1,300-1,500 lbs., good and choice. $Bl5 9.50; 550-1,300 lbs., common and medium, $4.50 @7.75; heifers, 550-750 lbs., good and choice. $5.25 @6.50; common and medium, [email protected]; cows good [email protected]; common and medium. [email protected]; low cutter and cutter, $1.75@3; bulis (yearlings excluded) good beef, [email protected]; cutter common and medium. [email protected]; yearlings good and choice, $5.50@7: medium, [email protected]; cull and common, s3@4; stocker and feeder cattle: steers. 550-1,050 lbs., good and choice, $4.75@6. common and medium. $3.50@5. fheep —Receipts. 9,000; fat lambs, active; pening sales and indications 15c to 25c or more higher: wooled skins, [email protected]: 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. [email protected]: common and medium. $6.25®8.75: 90-98 lbs., good and choice, $8.50®9 25; ewes. 90-150-lbs., good and choice, [email protected]: all weights, common and medium. [email protected]. FORT WAYNE. May 4.—Hogs—Steady to 10c higher: 250-300 lbs., $3.80; 200-250 lbs., $3.70: *6O-200 lbs. $3.65; 300-350 lbs.. 53.40: 15-16 lbs.. $3.35; 14-150 lbs., S3 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. May 4.—Hogs—Receipts, 4,000. including 226 direct and through; holdover. 400; generally steady; outlet for half fat lighter weights very limited; topped and bulk better 180-300 lbs., $4; good to choice. 180-300 lbs.. [email protected]; 140-160 lbs.. S3 3.60; lighter weights from around $3 down; good packing sows, 52.5052.75. 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. $5®6.25; individual baby beef steers. $7: most fat cows, $3.50®4.25; low cutters and cutters. $2®3.25: bulked sausage bulls. [email protected]; odd head. $4; calves, steady; good to choice, [email protected]; plainer sort, $3 down. Sheep—Receipts. 3.200; generally steadv. good to choice spring lambs largely Sll@12: plainer kind. sß® 10: better shorn old crop lambs quotable mainly from sß@9; fat ewes. s3®4. LAFAYETTE. Mav 4 Market steady to 5c higher. Hogs—2so-325 lbs.. [email protected]: 170-225 lbs.. S3)6o® 3.70: 150-170 lbs. $3 25 ®3 50: 130-150 lbs.. $2.75®3: 120-130 lbs.. 52.25® 2.50; 100-120 lbs., $1.75® 2; roughs. 52.75 down. Top calves, 55.50; top lambs, 58.50; spring lambs. sll. ißv Times Special) LOUISVILLE, May 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, $3.25® 4 25; good. $4.50. with heifer tvpes eligible highe% most low' cutters and cutters. $1.50®2.75; stroneweights to $3; sausage bulls, reostlv $3.75 down; best heavy weights, quotable higher; Stockers and feeders slow and unchanged: bulk desirable light Hereford and Shorthorn Stockers. $4.75®5.25; common to medium grade natives, s3®4. Calves. $5.50; steadv: bulk better vealers, $5®5.5Q; strictlv choice. $6; medium and lower grades. $4 50 down. Hogs—Receipts. 1.000: steadv. 185-275 lbs.. 53.80: 280 lbs. up. $3: 143-180 lbs.. $3.25; 120-140 lbs., *1.90: sows. SIBO. SheepReceipts. 200; market, generally steady; bulk better springers. $10.50 to mostlv, *11: choice overnight and rail lambs quotable somewhat higher heavier, and plainer springers. $lO down to $9 or less; btter wooled iambs quotable. SB@9; cull to medium, *4®7; most fat clipped ewes, $2.50 S3. Pennsy to Make Payment By Timc Special NEW YORK, May s—Pennsylvania Railroad Company May 15, will pay off a maturing issue of its per cent series “D” equipment trust certificates, amounting to approximately $1,310,000. No new financing will be involved.

Chicago Stocks "" ■ Bv Abbott. Hoppin St Cos. " 1

TOTAL SALES 30,000 SHARES , —May 4 M:gh. Low. Close Advance Aluminum ... 3% 3‘* 3%i Allied Products 17 Am Pub Serv pfd 9% ! Asbestos Mfg 3 Asso Tel & Tel 6%.... - 17% Bendix Aviation 17% 17 17'* Borg Warner 24% 23% 24 Borg-Wamer pfd 106 Butler Bros 10% ; Berghoff . 7% 7% 7% : Cent Pub Util % Cent & So West 1% Cent & So'W P L pfd. ... 14% Chi & North Western. 11% 11 11 Chicago Corp com ... . 2% Chicago Ye UO’V Cab .. 14% 14% 14% Cities Service . .... . 2 s * Commonwealth Edison 55 54'* 54% Cord Corp 6 s"* 5% Crane Cos 9% 9% 9% Crane Cos pfd . 58'2 ; Dexter Cos 6 5% 5% 1 Goldblatt Bros 18 Great Lakes Aircraft % I Gen Hse Hold Util 13 , Houdailie-Hershey 8.. 5 4% 4% Iron Fireman 14 j Kentucky Ut Jr Cum pf 14 Keystone Steel •• 19 j Libbv McNeil 6% 5% 6% I Marshall Field 16% 16% 16% Material Service 3% McCord Rad A ... 11% Middle West Utilities -. % V* % Midland Util 7% P L 1% National Leather ... 1% National Securities Inv .. . 1% National Union Radio 1% 1 1% Noblitt-Sparks Ind Inc .. ... 13:* North Anier Light & P 2% Northwest Engineering 5% Penn Gas & Elec ... 15 Pines Winterfront 1 Potter Cos 6V* Process Corp 2 Produce Markets Delivered in Indianapolis Prices—Hens, 11c; Leghorn hens, 9c: Leghorn springerstags, 6c; large springer-stags, 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, I*2 to 3 lbs., 20c; old guineas, ,15c; No. 1 strictly fresh country run eggs, loss off 13c eacn 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®28c; No. 2, 25®26c; butterfat, 20c.— Quoted by Wadley. (By United Press) CHICAGO. Mav 4.—Eggs Market, steady; receipts. 35.724; extra firsts. 16%c; fresh graded, firsts, 16c; current receipts, 14%@14%c; dirties, 13%c; checks, 13%c. Butter—Market easy; receipts, 9.550; extra firsts (90-91% score 1. 23%®23%c: firsts (88-89% score), 22%@23c: seconds (8687% score), 22c; extras (92 score). 23%c; specials, 24%@24%c; standards, 23%c. Poultry—Market unsettled; receipts, 39 trucks; heavy aens, 14c; old roosters. 8c; geese, 8c; broilers, 1-2 lbs.. 23® 25c; turkeys, 18c; ducks, heavy, 12c; fryers and springers, 24%@26%c. Cheese —Twins. 11%@11%c; Longhorns. 11%@ 12c; daisies, 11%® 12c. Potatoes—Old stock, supply liberal. demand and trading moderate; market steady; 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, $1.22%; Washington Russets, combination grade, 1 car, $1.32%: 1 car, $1.35; Colorado McClures, burlap bags, 1 car, $1.45; 1 car 51.47%; Wisconsin round whites, 2 cars, $1.25; 3 cars, $1.30; triumphs unclassified, 1 car. sl. New stock, supply liberal, demand and trading slow, market weak: Louisiana bliss triumphs, sacks per hundredweight, 5 cars, $2.00; 1 car. $2.60. Shipments. $752; arrivals. 57; on track, 270. NEW YORK. May 4 Potatoes—Firm; Long Island. $1.75® 3.25 barrel; southern, $2(45 barrel; Maine, $1.15®3.35 barrel; Idaho, [email protected] sack; Canada, $1.90® 2 barrel. Sweet potatoes —Steady; Jersey packet, 60c@ $2; southern basket, $1.75® 1.85. Flour—Steady; springs; patents. *8.25® 650 barrel. Pork—Steady; mess $20.25 barrel. Lard—Dull; middle west spot, [email protected] per 100 pounds. Dressed poul-try-irregular; turkeys, 14@26c; chickens, 10%@28c; broilers, I8@28c; capons, 21® 34c- fowls, 16@21c: Long Island ducks, 15%(® 16c. Live poultry—Easy; geese. 6®. 7c- turkeys. 10@f6c; roosters, 10c; ducks, B®l2c; fowls, 16® 18c; chickens. 12c; capons, 22c; broiiers, 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 steadv; special packs, including unusual 'hennery selections. 18'*@20c; standards, 17%@18c; firsts, 16>/4@16%c; seconds, 15% ® 16c- mediums, 15%; dirties, 15%@15%c; checks, 14%@15c; storage packs, 17%@ 17 CLEVELAND. May 4.—Butter—Market, steady; extras, 28c; standards. 27%c. Eggs —Market, steady; extra whites, 15c; current receipts. 14V 2 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@llc: ducks, white, 5 lbs. and up 18c; ducks light, old, 15c; broilers, fancy rock. • 26®27c; broilers, Leghorn, :loi2c. Potatoes—Florida Spaulding Rose mostly $5.25 per bbl.; Bliss Triumphs. $1.50 'a 1,60 bu.; Maine, $1.90® 2 per 100-lb. aek; Idaho. $1.75®!.90 per 100-lb. sack; Ohio best. [email protected] per 100-lb. sack.

Cash Grain

INDIANAPOLIS —-May 4 The bids for car lots of grain at the call of the Indianapolis Board of Trade, o. b.. shipping point, basis 41% New York rate, were; . Wheat—Strong: No. 1 red, 70%@ il'.zc; No. 2 red, 69’/2@7o'/2c; No. 2 hard, 09'2@ 70%c. Corn—Strong; No. 2 white, 44®46c; No. 3 white, 43®44c: No. 2 yellow, 41%@43'/2c; No. 3 yellow. 40%®42%c: No. 2 mixed, 40 , /2©42 , 2c; No. 3 mixed 39%@41'/ic. Oafs—Strong: No. 2 white, 29Va&30’/2c; No. 3 white,. 28'2®29'2C. —lnspections Wheat—No. 1 red, 2 cars; No. 2 red, 1 car. Total, 3 cars. Corn—No. 3 white, 4 cars; No. 5 white, 1 car; No. 2 yellow, 2 cars; No. 3 yellow, 7 cars; No. 4 yellow, 2 cars; No. 5 yellow, 1 car. Total,'l7 cars. Oats—No. 2 white, 5 cars; No. 3 white, 1 car. Total, 6 cars. Local Wagon Wheat City grain elevators are paying 67 cents for No. 2 soft red wheat. Otner grades on their merits. (By United Press) CHICAGO, May 3.—Cash grain: Wheat —None. Corn—No. 2 mixed, 47'/2c; No. 2 yellow, 48%c: No. 2 yellow old, 48%c; No. 3 yellow, 48%c: No. 4 yellow, 47®47%c. Oats—No. 2 white, 32 , 2'5 33’*c: No. 3 white. 31%@32%c; No. 4 white. 30c; RyeNo sales. Barley—Sales 63®75c: quotable, 42® 80c. Timothy Seed— $9.50®T2.75. Cash Provisions: Lard —55.70; loose, $5.25; leaf, $5.25; bellies, $7.75. TOLEDO. May 4.—Grain close: (Grain in elevators, transit billing) Wheat—No. 2 red. 81%®82%c. Corn—No. 2 yellow,, 52% @53%c. Oats—No. 2 white, 37@38c. Rye —No. 2. 60%®61%c. (Track prices, 23%c ratei. Wheat—No. 1 red, 77%®.78%c: No. 2 red, 76%@77%c. Corn—No. 2 yellow, 48 @49c: No. 3 yellow. 47®48c; No. 4 yellow, 46@47c. Toledo seed close: Clover—Cash, $8 25 Alsike —Cash, $8.50. NEW YORK. May 4.—Cash grain: Wheat —No. 2 red, 97%c: No. 2 hard winter, 98%c. Corn —No. 2 mixed, 54c. Oats —No. 3 white, 4lc. ST. LOUIS. May 4.—Cash grain: Wheat —ln fair demand. %c higher on red and l%c higher on hard: No. 2 red, 78%c; No. 2 red, 78c. norminal; No. 3 red. 77c; No. 2 red garlicky. 75c: No. 2 hard, 78c. nominal; No. 3 mixed. 77c. Corn—ln slow demand, unchanged to lc higher; No. 2 yellow, 50%®51c: No. 3 yellow, 50c. Oats —ln fair demand. %c higher: No. 2 white, S3%c; No. 3 white, 33%c; No. 2 mixed, 33 %c. Chicago Futures Range —May 4 (By United Press) Wheat— Prev. Open. High. Low. Close, close. May... .77% .79% .77% .79% .78% July... .76% .78% .76% .77% .76% Sept... .77'/2 .79% .77% .78% .77% Corn— May... .45% .48% .45% .45 .45% Julv... .47% .48% .47% .48% .47% Sept... .49% .50% .49% .49% .49% Oats— May... .29% .30% .29% .30% .29% July... .29% .30% .29% .30% .29 Sept .. .29'* .30'* .29% .29% .29% RyeMay... .54% .55% .54% .55% .54% July... .55% .56% .55% .554* ,54 s * Sept .. .55 s * .57 .55% .56% .55% BarleyMay... .38% .39% .38% .39% .38% July... .38% .40% .38% .40% .39 Sept 41% ,40 s * Lard (old) May . ... ... ... 5.15 5.15 Bellies (old) May 6.92 6.90 Bellies (new) — May ... ... 7 55 7.55 July. 7.77 7.75 Sept ... ... 5.05 8.05 Lard (new)— Mav . 5.62 5.67 552 567 5.70 Julv.. 582 582 577 582 585 Sept.. 6.05 6.05 6.02 6.05 6.07 Oct. 6.15 6.17 Dec.. 6.27 6 32 CHICAGO PRIMARY RECEIPTS —May 4 —Bushels— Today. Last week. Wheat 252.000 223,000 Corn 237.000 304.000 Oats 104.000 109,000 Investments 'and Investment Service Wm. E. Shumaker & Company, Inc.

Public Service N P 17 Public Service 6% pfd 62 Public Service 7% pfd 65% Quaker Oats pfd . .... .. ... 11l Rehance Mfg Cos . . . . 16% Standard Dredging Cos 3% 3'* 3% Swift &Cos U% 16% 17% Swifr Inte,nations; 32% 30 * 32 * United Printers & Pubs .. ... % Utah Radio ■ . .... .*% Vorte): Cup Cos 11* 11% H-* Ward Montgomery A 108 Zenith Radio 3

Bright Spots

Amerada Corporation for the March quarter reports a net profit ot $*24,999. against a net loss of $201,939 for the line quarter in 1933. Kelvinator Incorporation announce April shipments were 57,243 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 vear ending March 31. report a net of *12,334.637. 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. Atlas Powder Company declares dividend of 50 cents on the common stock. BOND APPROVALS GAIN Voters of Thirty-One States Indorse Issues Totaling $11,030,810, By Times Special NEW YORK. May u—New state and municipal bond issues reported approved by the voters of ninety-four communities in thirtyone states during April $11,030,810 as compared with only $5,410,320 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. Rubber Exports Increase WASHINGTON, May s.—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 export* of this year were $2,028,156 NORTH SIDE R _ Illinois nt 34th / Double Feature * * Diary Brian “EVER SINCE EVE” “TOO MUCH HARMONY” Sunday—Will Rogers “DAVID IIARUM” Uptown “DUCK SOUP” “I’VE GOT YOUR NUMBER” Sun. Claudette C'olbert-Clark Gable “IT HAPPENED ONE NIGHT” D— _ . . . 2351 Station St. P I" A Art Double Feature *' *“ ** *” 1 Edmund Lowe “NO MORE WOMEN” “DEADWOOD PASS” Sun. Double Feature —Garv Cooper “ALICE IN WONDERLAND” Fredric March-Miram Hopkins “ALL OF ME” f | 19th and College Stra iTGrn Double Feature Jiraiiuru (hus> B i,kford “THIS DAY AND AGE” “SOMEWHERE IN SONORA” Sun. Double Feature—Donald Cook “TIIE NINTH GUEST” Charlotte Henry-Richard Arlen “ALICE IN WONDERLAND” M r . Noble at Mass. (■ ( ( A Double Feature L V- /A Ralph Forbes “THE AVENGER” “STRAWBERRY ROAN” Sun. Double Feature —lVm. Powell “KENNEL MURDER CASE” Claudette Colbert “TORCH SINGER” GARRICK D null le* V'eat It r e Dorothea Week “MISS FANE’S BABY IS STOLEN “MYRT AND MARGE” Sun. Double Feature —4V. C. Fields’ “SIX OF A KIND” Joan Blundell “CONVENTION CITY” Rp w iOt h X Nurthwestern H X Double Feature Wynne Gibson “SLEEPERS EAST” “STRAWBERRY ROAN” Sun. Double Feature—Laurel Hardy “SONS OF THE DESERT” Buster f'rabbe “SEARCH FOR BEAUTY” ST CLAJR sj l . P at o-Bren “WORLD GONE MAD” “MISS FANE’S BABY IS STOLEN” Sun. Double Feature—Joan Blondell “CONVENTION CITY” Ann Harding-Clive Brook “GALLANT LADY” T A I Talbot & 22nd j A LljC J I I Double Feature c/W Robt. Armstrong “SON OF KONG” “SLEEPERS EAST” Sun. Double Feature—limmie Durante “PALOOKA” Rehard Arlen-Sallv F.ller* “SHE MADE HER BED” EAST SIDE TACOMA W's"" i . eaturß wynne Gibson “SLEEPERS EAST” “FIGHTING CODE” Sun. Double Feature—4V. C. Fields’ “SIX OF A KIND” Ann Harding-Clive Brook “GALLANT LADY” STRAND double F^^re J I fVnM L/ Riehard Arlen “ALICE IN WONDERLAND” “SIX OF A KIND” Sun. Double Feature—Claudette Colbert 1 “IT HAPPENED ONE NIGHT” j Bing Crosby “PLEASE” Walt Disney New Cartoon Creation R* . . a • 4>earborn at 10th IVC J l I Double Feature I ▼ W I. I George Raft “BOLERO” “GUN JUSTICE” Sun. Double Feature—Fredrle Mareh “DEATH TAKES A HOLIDAY” Zasu Pi'ts-Slim SnmmerTille “LOVE BIRDS” • **iii * • *e* 5507 E. Wash. fit. IRVING Do £* “CROSS COUNTRY CRUISE” “SAMARANG” Sun. Double Feature—Ramon N'avarro “CAT AND THE FIDDLE” Lee Tmer-Sally Blan<> “ADVICE TO THE LOVELORN”

PAGE 9

HEAVY BUYING ORDERS GARRY GRAINSJIPWARD Fair and Warm Weather !s Forecast: Profit Sales Check Advance. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. May 4—Speculation as to probable crop damage if the drought situation in the grain belt is not relieved brought a barrage of buying orders into the Chicago Board of Trade today and prices displayed a much stronger undertone. Wheat furnished- 1% to I*4 cents higher; corn was up % to ■% cent, and oats, was I'* to l'z cents higher. brought complaints were splashed across the front pages of local newspapers, and while official reports from Kansas and Oklahoma indicated the drought had been broken at a number of southwestern points, precipitation in the northwest was lacking. General fair and warm weather was forecast for tomorrow. There was no material pressure in the wheat pit and the marekt advanced as much as 2 cents before j profit-taking checked the forward i movement. Reactions, however, brought in renewed commission house and local buying; shorts covered and outside interest was rather broad. The May deliveries of wheat showed a tendency to gain on the July with the premium for the former being around 2 cents at one time. This led to reports of cash grain coming here from the southwest. Scattered rains fell in the Canadian northwest overnight. Winnipeg showed fair strength and the opening of lake navigation and the arrival of a number of steamers at Ft. Williams resulted in a better demand for cash wheat there. Liverpool shared the advance in other markets and finished '* to % cent higher. EAST SIDE r .. _ ~ . 4630 E. Tenth St, EMERSON , 'r„ , . b, H£3!.T “GALLANT LADY” “TIIE WRECKER” Joan Blondell “I’VE GOT YOUR NUMBER” Constance Bennett “MOULIN ROUGE” Washington “KENNEL MURDER CASE” “AGGIF APPLEBY” Sun. Double Fe.'iure—Joan Blundell “HAVANA WIDOWS” Gloria Stuart “INVISIBLE MAN” , , .1 21 Hi K. loth na m i }o n Doubi " *><<> i Paul Muni “HI NELLIE” “DAY OF RECKONING” Sun. Double Feature—Janie* Dunn “HOLD THAT GIRL” Geo. Raft-Sallr Rand | p* Double Feature Paramount Sidney UIUIIIUUIII \> w .lor. ut E. \\ ash. “GOOD DAME” “TROUBLE BUSTER” Sun. Double Feature—Laurel-Hardy “SONS OF THE DESERT” Jaek Oakie “SITTING PRETTY” ■ i II I 1500 Roosevelt HOllyWOOd Do " b,a Leature • Chas. Farrell J "THE BIG SHAKEDOWN” “TOMBSTONE CANYON” Sun. Double Feature—Paul Muni “111 NELLIE” Charlotte Henry-Richard Arlen MALICE IN WONDERLAND” TUXEDO - “S.*KMS r Gretta Garbo • “QUEEN CHRISTINA” “SON OF THE BORDER” Sun. Double feature—Randolph Scott * “THE LAST ROUNDUP” Claudette Colbert-Clark Gable “IT HAPPENED ONE NIGHT” PAR K E f George O’Brien “FRONTIER MARSHAL” “EASY TO LOVE” Sun. Double Feature—laities Cagney “LADY KILLER” - John Hurrvmorp “LONG LOST FATHER” Z SOUTH SIDE “ Fountain Square Double Feature Joan Blondell Z “I’VE GOT YOUR NUMBER” ~ “SONS O.F THE DESERT” Sun. Double .cat lire —Francis Dee "COMING OUT PARTY” Kay- Franeis-Rieardo Cortez “MANDALAY” C A K irxrn r Prospect & Shelby SANDERS Ff,a,,ir ~ Ed Wynn *- “THE CHIEF” “FIDDLIN’ BUCKAROO” Z Sun. Double Feature loan Blondell * “HAVANA WIDOWS” Jackie Conner-Wallace Beery THE BOWERY” O. i 1105 H. Meridian * n enta Double Feature * Cl lld I Dorothea Wleck • “MISS FANE’S BABY IS STOLEN"* “THE AVENGER” Sun. Double Feature—Jimmie Durante 7 “PALOOKA” Gret a Garbo-John Gilbert “QUEEN CHRISTINA’ G R A N AD A ‘ “ESKIMO” Harry i. ingdon “AMOS AND ANDY” Rirardo Cort^j: “BIG SHAKEDOWN” Slim Suntmervllle-Za*u Pitt* “LOVE BIRDS” wesTside - D A iC w 2540“ W. Mleh. A I J Y Bargain Kite ~ Double Feature “CURTAIN AT EIGHT” “CIRCLE CANTON” Sun. Double Feature—Satire Ca*t “ESKIMO” “WORLD’S GREATEST THRILLS" BELMONT .: v „“r„r Double Feature Silvia Sidney * “GOOD DAME” “THE BIG SHAKEDOWN” Sun. Double feature—Jimmie l)ur*nte ~ “PALOOKA” Ramon Na*arro-Jeanette MacDonald “CAT AND THE FIDDLE” Z _ 2702 W TrmhfiC: S ! A i r Double Feature 1 Barren William „ “BEDSIDE” “THUNDERING HERD” Son. Double Feature—Fredrlo Marcti - “GOOD DAME” Conetance Bennett- Franchot Tone ** “MOULIN ROUGE”