Indianapolis Times, Volume 45, Number 312, Indianapolis, Marion County, 10 May 1934 — Page 24

PAGE 24

STOCK VALUES EASE FRACTIONS IN LIGHT TRADE Silver and Cotton Futures Decline; Rails, Motors Depressed. BY ELMER C. WALZER L'nitrd Prew Financial Editor NEW YORK. May 10.—Prices eased fractionally at the opening on the Stock Exchange toda yin light trading. Silver futures lost more than a half cent an ounce; cotton eased 5 to 7 points; rubber was off a few points. Westinghouse Electric dipped to 33%, off •; Case 54%, off V, American Smelting 38%, off '2; General Motors 33. off %; Pennsylvania Railroad 30%, olf %; Montgomery Ward 26 V off V and Atchison 57Si, off 1. Small declines were noted in United Aircraft. American Commercial Alcohol, and Radio. Railroad issues were depressed, as were motors. Coppers held well, but gold mining isjues eased. Silvers were mixpd with United States Smelting up % at 115. Beveral issues made small gains against the trend, including Eastman Kodak, No-th American, Standard Oil of New Jersey, Anaconda, and American Water Works. During the early dealings the market was dull with prices easier. General Motors extended its initial loss to H point. American Telephone opened at 110, off %, and held around that level. New York Central eased off and so did other rails. Money and Exchange INDIANAPOLIS BANK CLEARINGS —May 10— Clearings $2,725,000.00 Debits 8.044,000.00 FOREIGN EXCHANGE (By Abbott. Hoppln & Cos ) 1 —May 9 Close. Sterling. England 85.12 1 i Franc. France 0662 Lira. Italy 0853 ‘2 Belgias. Belgium 2345 Mark. Germany 3361 Guilder Holland 68(W Peseta. Spain 13^2 Krone. Norway 25i5 Krone. Denmark 2289 Yen. Japan 3042 Treasury Statement (By United Press! WASHINGTON. May 10.—Government expenses and receipts of the current fiscal year to May 8. compared with the corresponding period of the prewous fiscal year: . _ This Year. Last Year Expenses $6,044,185.243 97 $4,429,272,288.77 Deceipw 2.597.640.027 85 1.699.306.893 38 Deficit 3.446.545 216 12 2.729.965.395.39 Cash bal.. 2.179.152.114 77

Bond Prices By Fenner k Beane ——— May 10— High. Low. 10.30 Alice Corp 5s 'SO —4O Am&For Prw 5s 2030 53 AT&T db 5s '62 .. .108 10.'a 10.; a Atchison gen 4s '95 ’ 1 29., 2 B&O cv 4>aS 60 ... 65 3 65 6a‘t Beth Steel 5s A 38 102 3 4 Can Pac 4s . ... 82 81 3 4 82 C&O 5s A 39 109 1 2 109' 109 a ChMSt?&P aj 5s A 2000 15 14 14 a ChMStP&P rs 5s A 75 48'a 46 3 4.'a Cons Gas NY 4' a* 'sl 103 1 * 103 a I(J§' Det. Ed 5s E '52 106'. 106'* 106’* Erie RR rs 5s 67 73 a .2 3 4 <3 Goodvear 5s ’57 . 99'i 99 99 Gt tfor 4-aS D ’75 .. 80 Gt Nor 7s A '36 9. 96 * 96 a Interboro RT 5s '66 68 6. 2 612 Int TAT db 5s '55 62'2 61 61 McKees&Robb s'as 'SO 80 3 80‘a 80 2 Nat Dairy db s',s '4B 94 94'a 94 2 NY Cent 4-aS O 2013 ‘4 3 4 Nor Am 5s 61 89'4 89 89 * PacGas&El 5s A '42 . . l?5 3 a Para Pub s'aS 'SO jjL Penn RR 4' 4 s D 81 .. 96-4 96 3 a 96 a Poland 7s ’47 113 a Royal Dutch 4s A '45 136 135-a 135‘a Shell Un Oil 5s '47 98 !^af°^rp 6 ' 3 5 S s B 4 102-4 102 8 k Tob Pr NJ 6-aS 2022 106 105-a 100-a Un Pac Ist 4s '47 . . 104 s US Rubber 5s A 4. 6 3 ® Vanadium 5s 41 83 82 a 83^a YfStwn S&T 5s B 70 84 83 3 4 83 J 4 U. S. GOVERNMENT BONDS ißv United Press. NEW YORK. May 9 —Closing Liberties. .Decimals represent 32nds.>. Überty 3'aS (32-47- ]O3 30 Fourth 4-*s 133-37- 104 6 Treasury 4-4S-3US -451 1933 4-4S 47-52) 11J21 4s (44-54- 10‘23 3 3 aS -43-47) 193 30 3 3 s (41-43- March Jn? 5° 3 3 is (40-43) June 10 2 3-4S (41* 193 26 3- (46-49) 191 *1 3s (51-55) 10016 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) -May 9 „ . Bid. Ask. 4s NOV 1 1957-37 100 3 * 100 T * 4S Nfcv 1 1958 —38 100-a 101. 4US July 1. 1956—36 100 3 * 100 * 4- Jan 1. 1957—37 100-a 101 4s Nov. 1. 1958—38 101 4-aS May 1. 1942—32 100-a 101 4-aS Jam 1, 1943—33 100 3 s 100 j8 4-aS Jan. 1. 1953—33 100 s 100 3 . 4-aS July 1. 1953—33 100| 100'. 4>as Jan. 1. 1955—35 100 5 101 . 4-as Jan. 1. 1956-36 100 3 „ 101 4 3 S Jan. 1. 1954-34 100 a 101 4 3 *s July 1. 1954-34 100 a 101 5s May 1. 1941—31 101 a 102 5s Nov. 1. 1941—31 101’a 102 Home Loan 4s July 1 1951 100-2 100 5 Federal Farm Mortgage Corporation 3-*s March 15. 1964—44 . 102Bright Spots IBv Abbott. Hoppln & Co.i ~~~~ Collins & Aikman Company declares the regular quarterly dividend of *1 75 a share on the preferred stock. Coty Ine.. and domestic subsidiaries in the first quarter of the current year earned 13 rents a share on the common stock against 8 cents a share In the first quarter of 1983. Penick k Ford Company declares the regular quarterly dividend of 50 cents a common share. Congoleum Nairn Company declares the regular quarterly dividend of 32-a cents a share on the common stock. United States Freight Company and subsidiaries in the quarter ended March 31 earned St cent* a share on the common stock, against a net loss of $23,939 in the corresponding 1933 period. Warner Quinlan Company and subsidiaries report for 1933 shows a net loss of $770 136 after all charges, against $2 366 - 563 in 1932. Production of electricity by the Electric Light and Power Industry of the Lmted States for the week ended May 5 totaled 1 632 766 000 kilowatt hours, against 1 435.707 000 kilowatt hours in the corresponding 1933 week. Eastman Kodak C*. declares a dividend of $1 a share n the common stack. A dividend of 73 cents quarterly was paid previously. New York Central Railroad Company car loadings in the week ended May 5 totaled 44 415 cars against 37.202 cars in the like 1933 year. Business Failures Drop By rime* Special CHICAGO. May 10— During the first week of May business failures in the United States dropped 246. compared with 262 and 265 in the two preceding weeks, according to Dun 6s Bradstreet, Inc. t 9 Banks Open Doors By Time* Npertai CHICAGO. May 10.—According to the American Banker .twenty-nine banks were reopened or replaced by new institutions last week, bringing the year’s total to date up to 698. April's total was 209.

—May 10— Prev Oils— High. Low. 10 30 close Amerada ATi Rfg 26 Barndal * • Consol Oil 10% 10*3 Cont of Del 19% 19% Houston (new) Houston io!di ••• 21% Mid Cont Pet 12 Ohio Oil 12 ! 4 12% Pet Corp 11 Phillips Pet ... 17'* }•' Pure OH J 2% Bbd Oil 32 Skelley Oil 10., Soc Vac 15% 15% S O of Cal 33H 33S S O of Kan „ 39ta ; S O of N J 3 42’. ! Sun Oil • . 56% Texas Corp 23 '. 24 Tidewater Assn 12% }2% ;Un Oil of Cal 1% 1 Steels— Am Roll Mills 18 19% Beth Steel 36% Bvers A M 22 Col Fuel * Iron „j% Cruc Steel 26% Ludlum Steel 14 Mid Steel , 14 Natl Steel 45 44% Otis Steel 6 5 Rep I * St 17% Rep I A 6 pfd 5) U S Pipe & Fdy 22’. U S Sfeel 44% 44% U S Steel pfd **% Warren Bros „?% Youngst'n S tz T 21% Motor*— Auburn ... . 36% Chrysler 42’* 43 Gen Motors 33 33 a Gen Motors pfd 101 Mi Graham Mot .... ... 33 Hudson ... •- 13% Hupp . - ■ 4 4 Mack Truck .. 25% 25 25 25% Nash ... 17% 18 Packard 4% 4‘* Reo ... 3% 3% Studebaker 5 5(4 Yellow Truck ... *% 4’/. Motor Access— Bendix 15(4 15’* Bohn Alum Borg Warner ... 22% 23 Briggs 16% 16% Budd Wheel 3’a 3% Eaton Mfg ... • 17% Elec Ato Lite 20% 21% Houdaille A" .... —4% 4% Mullins Mfg •• 11 11% Murray Body ... 7% 7% 7% 7% Stew Warner 7% Timken Roll .. ... ... 314 Timken Det Axel 6% Mining— Alaska Jun ... 18% 18 Am Metals .... . 21% 21% Am Smelt 38% 38% 38% 38% Anaconda 14% 14% 14% 14% Cal & Hecla 4% 4% Cerro De Pasco 32% 32% Dome Mines 37(4 37% Granby 10 Gt Nor Ore 12 Homestake Min 355 Howe Sound ... ... 46% Ins Copper 4% Int Nickel 27% Int Silver 33 Is! Creek Coal 27% Kennecott Cop . .. ... 19% 19% Mclntyre Mine 43% 43% Noranda Cop 40 Park Utah 4(4 4% Phelps Dodge 16% St Joe Lead 19 U S Smelters 115 114% Vanadium ... 20% 21% Amusements— Croslev Radio 12% Fox Thea 14% 14% Loews Inc ... 30% 31 Vs Radio Corp 7% 7% RKO 3 Warner Bros 6 6 Tobaccos— Am Snuff 55 Am Sum Tob 15(4 Am Tobacco A 69 69 Am Tobacco B . .. ... 69% 70 Oen Cigars .. ... ... 35 Ligg & Myers B .. ... ... 91% Lonllard 17% Reynolds Tob B 42% 42% Rails— Atchison ... 57% 58% Atl Coast Lines 39% B & O 23(4 23(4 Can Pac ... 15% 16 Ch & Ohio . . 44 % Chi & Gt W 3% Chi & Gt W pfd 9 C M & St P 5% C M & St P pfd 8 8 Chi N W 9% 9% Chi N W pfd 18 Dela & Hud 54% Del Lac & W 22% Erie ... 19% Erie pfd 23 23(4 Grt North pfd 20% 21 IU Central ... ... ... 25% K C Sou 14 Lehigh Valley .... ... ... 16 Lou & Nash 55 M K& T 9% M K & T pfd 23% Mo Pac 3K Mo Pac pfd ... . 6 N Y Cent 28% 28% N Y C & St L 17% NYC & St L pfd 32 32 N Y New Haven 14% N Y Ont & W 8 Nor Pac 27% 27% Penn R R 30% 31% Reading ... 45 45% Sou Pac 21% 22 Sou R R 24% 25 Sou R R ..1 33% Union Pac ... . 123 Wabash .... .. 3% 3% West Maryland 123 Equipments— Allis Chalmers Am Brake Shoe 27% Am C & Fdv 21% 21% Am C & F pfd 41 Am Loco 2i% Am Loco pfd 61% Am Mach & Fdy .. ... ... 15 Am Steel Fdy 17% Bald Loco 10% 11 Bald Loco pfd 46 Burroughs . 14% 13 ' Case J I 54% a5% Cater Tract 28% 28% 28% 28% Deere & Cos 23 Elec Stor Bat 41% Foster Wheeler ... ... 15 Gen Am Tk Car 37% Gen Elec 19% 20 Gen R R Sig 35 Engsol Rand ... ••• 56 Int Bus Mach 140 Int Harvester 35% 35% Natl Cash Reg 15% 15% Pullman Inc 53 Rem Rand 9* West Air B 29% 29% Westingh Elec 33% 33 33 34 Worthington Pm .. ••• 22% Utilities — Am A- For Pwr 8% 8 Am Power & Lit 7% i% AT&T HO 110% Am Wat Wks 18(4 17% Brook Un Gas • 61 % Col Gas & Elec 12% 12 12 12% Col G& E pfd . . , • 71 Com & Sou . 2% 2% 2% 2% Consol Gas 33 33% Elec Pwr & Lit. 5% E P & L pfd 13% Int Hydro Elec . 6% Int TANARUS& T . 12% 12% 12% 12% Lou G & E A . 16% Nat Pwr &- Lit • • ■ ■ • 10% North Amer ... 16'4 16% 16% 16 Pac G & E 17% 17% Peoples Gas 30% Postal Tel pfd 18% 19% Pub Serv N J 34% 34% So Cal Edison 16% Std Gas 9% 9% Std Gas pfand •• Stone & Webster 7% 7% United Corp 5% 5 5% 5 Un Gas Imp 16 16% Ut Pwr & Lit A 3% West Union 44 Rubbers— Firestone Goodrich 14 Goodyear 30 29% 29% 30% Kellv Spring 2% 2% U S Rubber 19% 19 19 19% U S Rubbr pfd 49% 49% 49% 50% Miscellaneous— Am Bank Note 19% Am Can 96% 96% Anchor Cap 20% Brklyn Man Tr 36% 36% 36% 36% Conti Can 76% 76% 76% 77% Crown Cork 26% Curtis Pub ... 24 Curtis Pub pfd .77 76% 76% 76% Eastman Kodak. .. 90% 89% Gillette 10% 10% Glidden 23% 23% 23% 23% Inter Rapid Tr 8% 8% Ravbestos Mfg 17's Foods— _ Am Sugar 53% 52% Armour "A” ... 5% 5% Batnre Cream.. .. ... 14% Borden Prod 23 23 Cal Packing 31% 31% Canada D 5 Ale 22% Coca Cola ... 116 Cont Bak A .. .. ... 10 Corn Prod 66% 66% Crm of Wheat 32% 32% Cuban Am Sugar 7% Ger. Foods 33% Gold Dust 19% 19% G W Sugar 29% Hershev 64 Loose Wiles .. 40% Natl Biscuit 38% 38% 38% 38% Natl D Prod 15 s . 15% 15% 15% Puritv Bak . • 14% S Porto Rico Sug 31% 31% Spencer Keilog 19% 19% 19% 19% Std Brands 19% United Fruit 68% 68 68 69 Retail Stores— Asso Dry Goods 13% Best & Cos 31% First Natl Stores 61 Gimbel Bros 4% Gr Un Tea 5% Hahn Dept Sts 5% . Jewel Tea . 47 Kresge S S 18 17% 17% 18 Kroger Groc 28% Macv R H .. . - 44 Marshall Fields 15% 14% 14% 15 Mav Dept St ... 37*. 37 37 Mont Ward 26% 26 26 26% Natl Tea 13% Penney J C 57% 57% Safewav St 50% Sears Roebuck 42% 42% 42% 43% Woolworth ... 48% 48% Aviation— Aviation Corp 6% 6’. Curtiss Wright 3% 3% Curtiss Wr A .. 8% Douglas Air ... 18 s . 18% 18% 18% i Nor Am At 4’. 4% 4% 5 Speerv Corp 8% United Aircraft 20% 20% 20% 20 s . Wright Aero ... 48 Chemicals— Air Reduction 99% 99 99 99 Allied Chem . ■ 137*. Am Com Alcohol 38% 39 Col Carbon 67% 67% 67% 67 5 , Com Solvents . 22% 22% 22% 22*. Dupont 86 Freeport Tex 41%

New York Stocks

ißv Abbott Ropoln A Cos > —■ —— AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Close, change Thirty industrials 97.81 95.38 95.71 —1.45 Twentv rails 44.80 43.42 43.64 -.93 Twenty utilities ’ 23.30 22.50 22.67 -.24 Forty bonds .... 94.30 + .09 Ten first rails .... 99.90 .08 Ten second rails •••• 82.94 +.14 Ten utilities .... 97.31 —.Ol Ten industrials .... 97.04 +.12 Up. -Off.

Liquid Carb 29 Math Alkali 31 30% 30% 31 Montoson Chem 42% 42% Natl Dis inewt 25 24% 24% 25 Shenelev Diet . 28 27% 28 28% Tex Gulf Sulph 33% 33% 33% 33% Union Carbide 40% 40% 40% 40% U S Ins Alcohol .. ... 44% 44% Drugs— Coty Inc 6% 6 6% 5% Lambert .... 25% 25% . . 25% Lehn A- Fink . • - 15% Un Drug 15% • • Zonite Prod 5% 5% Financial — Adam.s Exp 7’* Alleheny Corp 2% 3 Am Int Corp 7% Chesa Corp 44% Lehman Corp 68 Transamerica .... ... 6% 6% Tr Conti Corp 4% 4% Building— Am Radiator .... ... 13% 13% Gen Asphalt ... ••• 18% Int Cement . . 23% Johns Manville 49% 49% 49% 50% Libby Owens Gls . 30% 31 % Otis Elev 15 14% 14% 14% Ulen Const ... 3Va 2% Household— Col Pal Pete . .. ... 14% 14% Congoleum 26 26 Kelvinator . ■ 16 16% Mohawk Carpet 17% 17% 17% 18% Proc & Gamble 34 34% Simmons Bed .. 16(4 16 16(4 16% Textiles— Amer Woolen 11% Belding Hem ... 12% 12% Celanese Corp . . 29(4 28% 28% 28% Collins Aikman . .. ... ... 19 Gotham Hose ... .. ... ... 8 Indus Rayon 74 Kavser Julius 16 Real Silk 9 9% New York Curb (By Abbott. Hoppin & Cos.) —May 9 Close! Close. Allied Mills 7%iGulf Oil of Pa 61 Alum Cos of Am 69 % Hiram Walker 32 3 A Am Cyanide B 18%'Hud Bay Min.. 12% Am&For P Wr 5% Humble Oil ... 43 Am G& El ... 23 Imp Oil Ltd ... 14% Am Superpwr . 2% Int Petrol . 27(4 Ass G & El .. ’VLake Shore Min 50 Atlas Corp 11% Libby McN Lib 5% Brazil Tct & Lt 10% Lone Star Gas 6% Brit Celanese . 3% Natl Bell Hess 3 Can Ind Ale A 12% Newmor.t Min . 50 Can Marc . ... 2% Nia Hud Pwr . 5% Carrier Corp .. 6% Novadel Agene 21% Cities Serv 2%'Pan Am Airways 38V 4 Commonw'h Ed 52 iPark Davis .... 24% Consol G of Bit 60 Penn Road ... 2% Cord Corp 5%!St Regis Paper 3(4 Creole Petrol 12%. Sal Creek Prod 6% Crwn Cork Int 7% Sherwin Wms . 66 Deere & Cos 29 I Std of Ind ... 26% Distillers Lim 23(41 Std of Ky . . . . 16 Distillers Corp 17%! Technicolor Ind 8% Fisk Rubber 13%Teck Hugh Gold 6 Ford of Can A 21%: Un Gas 2T4 Ford of Europe 9%'Un Pw & Lt A 3 Gen Aviation 5 j Wright Har Min 9 Glen Aid Coal 15%! New York Bank Stocks (By Abbott. Hoppin & Cos.) —May 9 Bid. Ask. Bankers 64 84% Brooklyn Trust 103 106 ’ Central Hanover 133 134 Chase National 28(4 29 Chemical 40% 41 National City 29 29(4 Corn Exchange 53 53% Continental 13 131% Empire 19 191% First National 1,675 1 685 Guaranty 369 371 Irving is 18% Manhatten & Cos 30(4 31 Manufacturers 21% 22 New York Trust 105 106 Public 32% 33 Investment Trust Shares By Abbott. Hoppin & Cos. ■ —May 9 Bid. Ask Am Bank Stocks Corp 114 117 Am & General Sec A 4.00 600 Am & Inv Tr Sh 1 70 Basic Industry Shares 3.40 350 British Type Inv Tr Sh 45 .50 Collateral Trustee Shares A .4 50 475 Corporate Trust Shares (old). 2.00 2.05 Corporate Trust Shares (new). 2.22 Diversified Trust Shares A 6 25 Diversified Trust Shares B ... 725 Diversified Trust Shares C ... 3.00 305 Diversified Trust Shares D ... 440 450 First Insurance Stock Corj 1.25 135 First Common Stock Corp 80 .84 Fixed Trust Oil Shares A .. 7.95 815 Fixed Trust Oil Shares B 6.80 700 Incorporators Investments ...17.25 17 62 Lank Bank Bond Shares 1.19 130 Low Priced Trust Shares 582 600 Mass Inv Trust Shares 18.32 19.91 Nation-Wide Secuirties 325 330 North Am Trust Shares i53) 1.82 186 North Am Trust Shares (55-56) 2.27 234 North Am Trust Shares (58) . . 2.35 240 Selected American Shares .. 2.59 elected American hares Inc . 1.19 1.28 lected Cumulative Shares ... 6.65 . . Selected Income Shares 3.46 400 Std American Trust Shares A 280 2.85 Trust Shares of America 2.67 2.73 Trustee Sid Oil A 5.40 560 Trustee td Oil B 4.85 5.00 U S Elec Lt & Pwr A 12.25 12 62 Universal Trust Shares 2.88 2.94 Daily Price Index (By United Press) NEW YORK May 9 Dun & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press; (1930-1932 averge, 100). Today 108.31 Yesterday 108.38 Week a go 106.38 Month ago 107.60 Ye ar ago (May 10) 86.53 T HIRh l March 12) 110.24 1934 Low (Jan. 3) 101.05 Copyright. '34. by Dun & Eradstreet. Inc. N. Y. Coffee, Sugar Futures COFFEE —May SANTOS High Low C'ose March n.32 11.27 11 27 May . i0.62 July 10.79 10.72 10.79 September 11.17 11.07 11.07 December n.25 11.19 11.19 RIO January .. 8 47 March 8.57 8.50 8.50 May .. 8 12 July 8 30 8.27 8.27 September 8 40 8.35 8.35 December 8.50 8.43 8.43 SUGAR —Mav 9 High Low Close January 1.75 1.74 1.75 March 1.79 1.78 1.70 Mav 1.56 1.555 1.56 July 1.59 September 1.67 1.65 1.66 December 1.73 1.72 1.73 In the Cotton Markets —May 9 CHICAGO , High Low Close January v 11.87 11.74 11.74 March 11.97 11.88 11.88 Mav 11.27 Julv 11.55 11 37 11.39 October 11.70 11.54 11.58 December 11.81 11.66 11.68 NEW YORK January 11.90 11.66 11.70 March 11.90 11.76 11.81 Mav 11.38 11.21 11.23 July 11.49 11.31 11.35 October 11.64 11.48 11.52 December 11.75 11 60 11.64 NEW ORLEANS January 11.75 11.65 11 67 March JJ.<7 Mar 11.19 Julv 11.47 11.30 11.34 October 11.60 11.45 .1149 December 11.72 11 56 11.61 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed Domestie Retail Price* Anthracite .. $ 4.25 Coke, nut size 8.75 Coke egg size B*3 Indiana forked lump 5 so Indiana, egg 6-00 Indiana, mine run 475 Kentucky lump 7.00 Pocahontas lump 8 25 Pocahontas egg 8.25 Pocahontas forked lump g*s Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump fJo West Virginia egg 6.j>o Island Creek 7.00 Extra charge of 50c a ton for wheeling coal and *1 a ton for coal carried to •in World Wheat Exports Gain By Times Special CHICAGO. May 10.—Exports of wheat throughout the world last week amounted to 9,222.000 bushels, compared with 8.012.000 in the prenous week and 12,786,000 in the same week of 1933, a survey revealed this week.

THE INDIANAPOLIS TIMES

BELLAS HESS SALES JUMPS 54 PER CENT Quarter Total Is $2,262,481; March Sets Record. By Times Special KANSAS CITY, Mo.. May 10.— National Bellas Hess. Inc., Kansas City and New York mail order house, registered an increase of 54 per cent in gross sales during the third quarter of the current fiscal year to April 30, as compared with the corresponding period in the previous fiscal year, according to Carl D. Berry, president. Marclf sales, according to Mr. Berry, were the largest for any month in the company’s history, aggregating $1,167,911. Total gross sales during the quarter amounted to $2,262,481 against $1,47.3.269. Total gross sales for the first nine months of the current fiscal year amounted to $6,129,067. A comparison is not possible due to the fact that the company has been in operation only since Oct. 1, 1932. Accompanying the sales imporvement was a distinct gain in other important factors such as a gain in orders during the quarter. Catalogue requests gained 26 per cent and a total of 159,016 new customers were added to the company’s lists.

Chicago Stocks — By Abbott. Hoppin it Cos. —— —May 10High. Low. 11:30. Asbestos Mfg .. 3 Berghoff 7% 7% 7% Bendix Aviation 15 14% 14% Borg Warner 22% 21% 21% Brown Fence & Wire A. . .. 11% Butler Bros 9% 9% 9% Cent 111 Securities com. . ... % Chicago Corp com 2 % 2 2% Chicago Corp pfd 26% 26% 26% Cities Service 2% Commonwealth Edison 52 51 51 % Cord Corp 5% 5% 5% Chicago Ribbon 15% 14% 15 Gen Household Ut .. 12% 11% 11% Great Lakes Aircraft . . . % Great Lakes Dredge .. 18% 18 18 Iron Fireman 13 Kingsbury 5% Libby-Mcfreil 5% Lynch Corp . . 29 Marshall Field 15% 14% 14% Middle West Utilities . % % % Midland United, pfd .. _ % Noblitt-Sparks Ind, Inc 13% 13 l3 Pines Winterfront. 1 Public Service N P .... 17 16% 16% Swift & Cos 16% 15% 15% Swfit Internacional ... 30 29% 29% Thompson JR 7% Utah Radio 1% Utility & Ind pfd 4 Vortex Cup Cos . ■ 11% Walgreen Cos com 24% 24 24 Zenith Radio 3% Produce Markets Delivered in Indianapolis Prices—Hens, lie; 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. 1% to 3 lbs., 20c; old guineas, 15c; No. 1 strictly 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@28c; No. 2 25@2Sc; butterfat. 20c.— Quoted by Waaley. (By United Press) CHICAGO, May 10.—Eggs—Market, unsettled; receipts, 26,095 cases; extra firsts, 16%c; fresh graded firsts. 16c; current receipts, 14%c; dirties, 14c; checks, 14c. Butter—Market, steady; receipts, 6,860 tubs; extra firsts, 90-91% score, 22@22%c; firsts. 88-89% score, 21%@21 3 /4c; seconds, 86-87% score, 21c; extras, 92 score, 22%c; specials, 23%@23 3 /4C; standards, 22%5. Poultry—Market, weak; receipts, 32 trucks, 2 cars' due; light hens, 15c; old roosters, 8c; geese, 6%c; broilers, Leghorn, 19@22c; turkeys, 18c; heavy ducks, spring. 13%c; light ducks, 11c; fryers and springers. Plymouth Rocks, 26c; Leghorns, 12c; capons, unquoted: heavy nens, 13%c. Cheese —Twins, 11%®;12%c; Longhorns, 13@13%c; Daisies, 12%®12%c. Potatoes old stock—Supply moderate; demand and trading slow; market, dull; Idaho Russets 1 car. $1.45; 3 cars. $1.47%; 3 cars. $1.50: combination grade 1 car, $1.30; Wisconsin Round Whites 2 cars. $1.25. New stock— Supply moderate: demand and trading slow; market, weak; Louiana Triumphs, 52.25®2.50. Arrivals. 87; on track, 236; shipments, 697. CLEVELAND, May 10.—Buter—Market. ; steady; extras, 27c; standards, 26%c. Eggs I —Market, steady; extra whites, 15c; current receipts, 14%c. Poultry—Market, steadv: colored fowls, 6 lbs. and over, 14c; colored fowls, medium. 16c; Leghorn fowls, 3% lbs. and over, 14c; old roosters. 10c: ducks, white. 5 lbs. and over, 15c; ducks, light, old. 13c; broilers, fancy Rocks, 27®: 28c: broilers, Leghorn fow'ls, light, 12c; broilers, colored, Leghorns, 21®22c: broilers. Leghorn, light. 18@20c. Potatoes— Florida Spaulding Rose, best, $5.65 per barrel; Maine, best. sl.Bo® 1.85 per 100-lb. sack; Ohio, best, [email protected] per 100-lb. sack. NEW YORK, May 10.—Potatoes—Dull; Long Island, [email protected]; southern, $1.25@ 4.50 barrel; Maine, $1.10®3; barrel: Idaho, $2 sack; Canada, $1.90@2 barrel. Sweet potatoes—Dull; Jersey basket, 60c®$2: southern basket, 75c®51.75. Flour —Steady; springs; patents. $6.50(36.75 sack. Pork— Steadv; mess, $20.25 barrel. Lard—Steady; middle west spot. $3.90(34 per 100 pounds. Dressed poultry—Steadv; turkeys. 12526 c; chickens, 10®23c; broilers, 18(327c; capons, 21@34c: fowls. 14@19c: Long Island ducks. 15%® 16c. Live poultry—Quiet; geese. 6 ®7c: turkeys. 10® 18c; roosters. 10c; ducks, 8® 12c: fowls, 14@17c; chickens, 12c: capons, 22c; broilers, 12®23c. Cheese—Firm; state whole milk, fancy to specials. 18® 19c; Young America, 13c. On Commission Row —May 10— —Fruits— Apples—New York Baldwins, fancy, $1.75 up: fancy Ben Davis. $2.85@3; fancy Winesaps $2.15® 2 50. Cherries—California. 15-lb. bag, $2.75@3. Oranges—California Sunkist, $3.25(34.25; Floridas. $3.50@4. , „ „ Lemons—Sunkist. $6; Red Ball, *5.50. Grapes—South American, crate, $3. Grapefruit—Florida, seedless, *3.75(34.25. Strawberries—Louisiana, 24-pt. crate. $1.7532: Alabama. 24-qt. crate, $3.25. Melons—Argentina Honeydews, *3 25. Cantaloupes—Pony crate, $3; standard (45). $4.25. Pears—Calavos, $3.50 per box. Pineapples—Cuba, all sizes, crate, $4 Bananas—Per pound. sc. Rasberies. Cal.. 12; % pts., $2.50. —Vegetables— Cabbage—Louisiana. *1.35 per half crate; Florida red. *2.50 per hamper. Celery—Florida. $2.75 a crate, mammoth bunch. 85c; medium bunch. 45c; hearts, dozen bunches. $1.25. Onions —Indiana yellow. 60-lb. bag. *1.25. Potatoes—Northern round white. 100-lb. bag $1.75: Red River Ohlos. *1.75; Maine Green Mountain. $2.10; Colorado McClures. $190; Idaho Russets. $2; Nebraska Triumphs, 100-lb. bag. *1.85; New Texas Triumphs. *1.75. Sweet Potatoes—Tennessee Nancy Halls, crate. $2. Asparagus—Home grown, dozen. 35® 60c. Beans—Round, stringless. *3; new lima. $4 75. Beets—New Texas, 3-dozen crate. *1.75. Carrots—California. 6-dozen crate. $3; bulk. new. $1.65. Cauliower—California. *2. Lettuce—Hot house. 15-lb. basket, sl.lO. Iceberg, best. [email protected] a crate. Peas—2 B-lb. hamper. *1.75@2. Radishes—Hot house buttons. 60c dozen. Rhubara—Home grown, dozen,3oc. Spinach—Home grown, bushel. *l. Tomatoes—Repacked. 10-lb. carton. *1.50; original Mexican. 30-lb. lug.. $3.50. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO. Mav 10. —Apples—Michigan Spies. $1.75 vi lgs bushel. Spinach—lllinois. 25® 40c bushel. Beans—Southern green. $2 ® 2.75 bushel hampers: wax. *232 50. Cucumbers—Central western hothouse, *1.50®2.50 (2 dozen to box). Tomatoes — Florida. *2.503 3.25 lug box. Sweet potatoes—Tennessee. *1.60® 1.65. Mushrooms— Illinois. 15@35c (lb. cartons). Asparagus— Illinois, 25® 40c. Onion market; 50-lb. sacksi. Michigan yellows. 75c5*1.05; Texas yellows. 75c® $1.05; Texas white, [email protected], Soviet Police Head Dead By U>iited Press MOSCOW, May 10.—Viacheslav Menzhinsky, head of the OGPU, or Soviet political police, died today.

PORK MARKET NICKEL LOWER; CATTLE STEADY Lamb Prices Dip 25 Cents: Veals Remain Even at $6.50 Down. Weak undertone continued to draw porker prices into lower grounds in early trading at the Union Stockyards this morning. The majority of values were mostly five cents lower than yesterday's average. Receipts were at a normal figure, compared with previous sessions of the week, and initial demand showed slight weakness. The general bulk of 160 to 325 pounds, was selling at $3.50 to $3.65. Few better grade porkers were reported salable up to $3.70. Small pounds, brought $2.75 to $3.25. Lightest weights on hand weighing 100 to 130 pounds, was selling at $2 to $2.50. Receipts were estimated at 6,000; holdovers, 324. General trading in the cattle market was mostly unchanged with the previous close. Several steers sold under $7. Other grades were scarce and inactive. Receipts numbered 500. Veals resumed a steady trading range, salable at $6.50 down. Receipts were 500. A decline of around 25 cents featured lamb trading. Bulk of shorn western kinds were available from $8.85 to $9.25. Receipts were 1.500. Few initial bids on hogs at Chicago held steady with yesterday’s average at $3.70 down. General asking was mostly 10 cents higher. Receipts were estimated at 19,000, including 9,000; directs; holdovers, 2,000. Cattle receipts 5,000; calves, 2.800; market fully unchanged. Sheep receipts were 8,000; market steady. HOGS May Bulk. Top. Receipts. 3. $3.70® 3.80 $3.90 6,000 4. 3.75® 3.85 3.90 8,000 5. 3.65® 3 75 3.85 1,500 7. 3.70® 3.80 3.85 5,500 8. 3.65® 3.75 3.80 5.500 9. 5.55® 3.70 3.75 5,000 10. 3.50® 3.65 3.70 6,000 Market, lower. (140-160) Good and choice . ..$ 3.00® 3.25 —Light Weights—-(l6o-180) Good and choice ... 3.50 (180-200) Good and choice 3.55 —Medium Weights—-(2oo-220) Good and choice ... 3.60® 3.70 (220-250) Good and choice .. 3.65® 3.70 —Heavy Weights—-(2so-200) Good and choice ... 3 65® 3.70 (290-350) Good and choice ... 3.55® 3.65 —Packing Sows—(3so 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® 2.50 CATTLE Receipts, 500; market, steady. (1,050-1,100) Good and choice $ 6.75® 8.25 Common and choice 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 (750-900) 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 —Bulls (yearlings excluded) Good (beef steers) 3.00® 3.75 Cutter, common and medium. fc7s® 3.00 VEALERS Receipts. 700; market, steady. Good and choice $ 6.00® 6.50 Medium 4.00® 6.00 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle— Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1,5001-Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1,500; market, lower. (Shorn basis) Spring lambs $ 9.00® 11.00 (90-lb. down) Good and choice.sß.7s® 9.25 (90-110 lb. i Good and choice 8.75® 9.00 (500 lbs. down) com. and med. 7.00® 8.50 —Ewes— Good and choice 3.00® 4.25 Common and medium 2.00® 3.00 Other Livestock (By United Press) CHICAGO. May 10.—Hogs—Receipts, 19.000. including 9,000 direct; slow, generally steady to 5c higher; better grade 160-320 lbs., $3.50® 3.75; top. $3.75; pigs, $2.50 down; packing sows. $2.80®3.10; light lights. 140-160 lbs., good and choice, $3.15 ®3.70; light weight 160-200 lbs., good and choice, $3.50®3.75; medium weights 200250 lbs., good and choice. $3,603.75 heavy weights 250-350 lbs., good and choice, $3.40(5 3.70; packing sows. 275-550 lbs., medium and choice, $2.60(5 3.25; slaughter pigs, 100-130 lbs., good and choice, s2® 3.15. Cattle—Receipts, 5,000; calves, receipts, 2.800; fed steers and yearlings more active, strong; very little beef in run; weighty steers comparatively scarce; part load $9.50; bulk steers of value above $8.25; heifers firm; cows slow, steady; bulls firm; stocker demand narrow; slaughter cattle and vealers: seers, 550900 lbs., good and choice, $6®7.75; 9001,100 lbs., good and choice, $6®8.50; 1,1001,300 lbs., good and choice, [email protected]; 1.3001,500 lbs., good and choice. $7.50® 9.50: 550-1,300 lbs., common and medium, $4.50 ®7.25; 550-750 lbs., good and choice. $5.25 ®6.50; common and medium, $3.50®5.50; cows, good, $4®5.25; common and medium, $2.65® 4; low cutter and cutter. $1.50®2.65; bulls, yearlings excluded, good beef, $3.25® 3.75; cutter, common and medium. $2.50® 3.25; vealers, good and choice, $5 50(5 7: medium. $4®5.50: cull and common. $3 ®4: stocker and feeder cattle: steers, 5501,050 lbs., good and choice, $4.75®6; common and medium, $3.50® 5. Sheep—Receipts. 8.000; general trade, weak to 25c lower; indications 25c off on springers and clipped lambs; talking $8.25®8.50 on clipped offerings, best $8.75; few' native springers, $10.50®10.75 and up; Californias unsold; top ewes, $4; slaughter sheep and lambs: spring lambs, good and choice. $9.75® 11; medium. $8,50®9.75; lambs. 90 lbs., down, good and choice. $8.25®8 75; common and medium. $6®8.25: 90-98 lbs., good and choice, $8.15®8.65: ewes. 90-150 lbs., good and choice. $2.75® 4; all weights, common and medium, $1.50® 3.25. CINCINNATI. May 10.—Hogs—Receipts. 3.000. including 755 direct and through: holdover. 235; market, sliw’; most sales 180-300 lbs., $3.85: few 150-180 lbs., at $3 40 @3.75; steady, some interests bidding 10c lower or $3.75 on 180-200 lbs.; good packing sows, steady, bulk $2.50; better light weights occasionally $2.75. Cattle— Receipts, 850: calves, receipts. 300: mostly around steady, market slow and cows weak; steers and heifers. $4.75®6: small lots, $6.10: fat cows. $3.25®4.25; low cutters and cutters. slso® 3; sausage bulls. $2.75® 3 85; calves, steady to weak: good to choice vealers. $5 50® 6.50: others from $5 down. Sheep—Receipts, 500: weaker, undertone: no better shorn old crop lambs sold: better spring lambs $10.50® 11: plainer sort. $lO down to $8 or below; fat clipped ewes, s2® 3. LAFAYETTE. May 10.—Hogs—Market, steadv to 5c lower; 200-300 lbs. $3.45® 3 55- 300-325 lbs . S3 30; 160-200 lbs.. $3.25 ® 3.35: 140-160 lbs.. 52.75® 3; 120-140 lbs.. $2.25® 2.50: 100-120 lbs.. $175®2; roughs. $2.75 down; top calves. $5.50; top lambs. $8.50; spring lambs. $lO. FT. WAYNE. Mav 10.—Hogs—Steadv: 250-300 ibs.. *3.60; 200-250 lbs . *3.55: J. 60200 lbs., $3.45 300-350 lbs . $3 30 150-160 lbs. $3: 140-150 lbs. $2.75; 130-140 lbs.. $2.50: 120-130 lbs.. $2; 100-120 lbs.. $1.75: roughs, $2.50: stags. $1.25. Calves, $6; lambs, $9.75 down. (By Times Special). LOUISVILLE. May 10 —Cattle—Receipts. 150: supplv light; quality plain; market, about steady with yesterday's sharp loss; bulk, common to medium steers and heifers. s4®s; little included eligible above $5.50. but good dry fed yearlings, quotable to around $6 25: bulk beef cows. 52.75® 3.50; practical top. $3 75; low cutters and cutters, mostly *1.25®2.50: sausage bulls mostly $3 25 down; few better kinds eligible higher: common to medium grade native Stockers and feeders, mostly s3® 4; well bred light Hereford and Shorthorn Stockers. *4.75® 5.25. Calves—Receiots. 400. including 110 stock calves; market, steady to weak; better grade vealers. ss® 5.50: "nothing eligible above: medium and lower grades. $4 50 down. Hogs —Receipts. 900: market. 5c lower; finished 185-275 lbs.. *3.60; 280 lbs. up. *2 80: 145-180 lbs., mostly, *3.05: choice 160-180 lbs., to *3.30: 120-140 lbs . *1.70; sows. *1.60; grassv and unfinished hogs discounted. Sheep—Receipts. 800: market, not established; most buvers talking around 25c lower on better" grade spring lambs or *ll for the bulk; sellers generally asking steady: old crop sheep and iambs, steady; better wooled lambs salable. SB@9: cull to medium. $4 @7; fat clipped e*es, mostly *[email protected].

All. Chemical Am. Smelting Am. Can Am. Telephone Am. Tob. B Atchison Chrysler Con. Gas N Y. DuPont Goodyear

----- Market Average mam Twenty Active Issues •Listed on the N. Y. Stock Exchange.

m CTAftCH m AOH.II M A y •* M n I* 14 1 4 I* D 40 7 ”, I " . 5 ; Z ZZr= ! I -1 ! 1 ; i 1* —-i i l Out —- 1 — 1 ~ 1-71 I 1 1 —: 1 %=Frf I|tlL st' mum —** t mrmm i * 1| T ) I i ' 1 ' II ooo 1 ii ___x_m_ 2, 00 j voi~l OUH-ltO 2 I iatuilOAv (• ■ UI j o 400 ■ I i B -L-f j C g too _Lj j [[■ .l| j j !

This daily record ot the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements ar J daily variations are apparent at a glance.

166 Corporations Report First Quarter Earnings

Extent of Business Upturn From Depression Low Shown in Survey. By Times Special NEW YORK. May 10. —'The extent of business recovery from the depths of the depression has been clearly illustrated by the quarterly reports of earnings issued by cor- . porations thus far in the new. year. A compilation of the first quarter statements of 166 corporations shows that these companies, in aggregate, reported earnings of $153,614,934, as compared with only $16,180,815 reported in the first three months of the previous year, according to a survey made by Eastman, Dillon & Company. The automobile companies recorded the greatest improvement among the industrial classification, having increasd their net income from $220,000 in the first quarter of 1933 to over $24,222,000 in the same quarter of the current year, the survey states. Automobile accessory companies also have shown a similiar improvement, having converted an aggregate los of over $1,500,000 last year to a profit of more than $4,000,000 in the current year, it was revealed. Next to the automobile companies. the oil and chemical groups make the best showing. Nine petroleum companies included in the report show a net income of $4,740,000 as compared with a deficit of SB,174,000 in the first quarter last year, while the ten chemical concerns displayed a net income of $22.192,000, against $9,485,000 a year ago. With exception of the latter groups, numerous other concerns have been able to do more than reduce the size of their deficits. In the heavy industrialist group, for instance, represented by the building, machinery, steel and railroad equipment divisions, the machinery group was the only exception to move backward. Fifteen food companies included in the survey showed a net profit of $19,898,000 for the first quarter of 1934, as compared with $17,385,000 for the same quarter of 1933. A.T.&T. SHOWS HUGE INCOME FOR MONTH Increase of $1,539,578 Reported Over March of 1933. By Times Special NEW YORK. May 10.—Net operating revenues of the operating units of the American Telephone Co- -y, during March, for the eleventh consecutive month, showed an increase over the corresponding month a year previous. Report of the parent company during the month showed a net operating income of $1,539,578 against SBOI,422 in March, 1933. Gross revenues totaled $8,147,093 against $7,173,064. Report of the company’s subsidiaries for the first quarter of the current year showed a net operating income of $4,539,984 against $1,597,318 in the first quarter last year. Gross for the quarter was $23,453,467 against $20,232,494. Births Girl* Louis and Catherine Simpson. 1948 Broadway. Carlos and Elizabeth King. 1702 Ruckle. Moses and Jeannette Byroad. Deaconess hospital. Boy Charles and Pauline Banciu. Deaconess hospital. Deaths Esther Wohlfeld, 43. 1320 Hartford, acute myocarditis. Eliza M. Anderson. 75. 616 Oakland, carcinoma. Arthur A. Tritt. 48, Veterans’ hospital, chronic myocarditis. Charles T. Boyer, 78. Methodist hospital, cerebral apoplexy. Charity Bell Bottoms. 49, Methodist hospital. hypostatic pneumonia. Edward Cedar. 70, 1417 Sturm, cerebral hemorrhage. Harry Olds. 53. 1820 Madison, fractured skull. Margaret Cole. 87. Christian hospital, fractured skull. Elizabeth Spier. 92, 2007 North Capitol, cerebral hemorrhage Fire Reports Yesterday 9:42 a. m.. 31 South Meridian, furniture store, small loss. 11:16 a. m., 547 Dorman, residence. *IOO. 12:15 p. m., 3029 East Washington, factory, small loss. 2:58 p m., 2902 Washington boulevard, residence, small loss. 3:41 p. m., 1015 West Walnut, residence, small loss. 7:22 p. m., Hoyt and State, automobile, scmall loss. 7:49 p. m., 15 North Tacoma, fence. small loss. 11:39 p. m.. 1125 North Alabama, residence. small loss. 11 42 p. m.. 1135 Shelby, garage. *3OO. 11:42 p. m.. 1133 Shelby, barn, *2OO 11:42 p. m.. 1139 Shelay. shed. *SO. 11:42 p. m., 1118 Olive, residence, small loss. '1:42 p. m.. 1130 Olive, shed. *SO 11:42 p. m.. 1134 Olive, barn. *250. 11:42 p. m.. 1138 Olive, shed, *25. Penney Company Sales Gain By Times Special NEW YORK. May 10. J. C. Penney Company sales during April amounted to $15,476,531, a gain of more than 6 per cent over the sales total of $14,591,328 in April, 1933.

IntT Harvester Johns-ManvUls Nat. Biscuit Pub. 8. ol N J Sears Roebuck Stand, of N. J. Un. Aircraft U. S. Steel Union Pacific Westinghouse

GOVERNMENT BONDS SOAR TO NEW HIGHS Long-Term Issues Favorites in Heavy Buying. By United Press NEW YORK. May 10.—United States government bonds lived up to their time-honored title of the “greatest security on earth” today, mounting to new high prices in an urgent buying demand. Lealers reported it was refictive of growing confidence in the ultimately conservative fiscal policies ors the administration. On top of the huge excess reserves of banks that have been pouring into the treasury bond market recently was a growing demand from insurance companies and individual investors. Long-term treasury certificates were the favorites. One block of $1,100,000 of 3’4S of 1946 were taken at 102.21. The issue made anew high of 102.25. Heavy trading also brought new highs in treasury 3s of 1951-55, 3%s of 1946-49, 3%S of 1946-56 and 4%s of 1947-52. FINANCING IN NEW YORK MAKES LARGE INCREASE April Total of $110,904,763 Almost Double Last Year’s Figure. By Times Special NEW YORK, May 10—State and municipal financing during April totaled $110,904,763. including $8,254,361 of PWA loans, as compared with $106,784,044 during March (including $7,782,735 PWA loans), according to the Daily Bond Buyer of New York. The total for April. 1933, was $58,678,695. including $47,406,863 of RFC loans. The total for the first four months of this year is $445,324,098. as compared with $265,032,728 during the same period of 1933. These figures include all RFC and PWA loans. NET PROFIT REPORTED Foundry Company Earnings in First Quarter Total $81,843. By Times Special CHICAGO, Cay 10.—Campbell, Wyant and Cannon Foundry Company, for the three months ended March 31, reports net profit of $Bl,843 after all charges and federal income taxes, equal to 23 cents a share on 348.000 shares of capital stock outstanding. This compares with net lass of $69,535 in the corresponding period of last year. Balance sheet as of March 31, shows current assets of $1,616,987, compared with current assets of sl,015,599 and current liabilities of $90,517 at the end of the preceding year, STEEL RISE CONTINUES April Ingot Production Hits Highest Figure Since July, 1933. By Times Special CHICAGO, May 10. United States steel ingot production during April totaled 2,935,631 tons, the highest for any month since July, 1933, according to the American Iron and Steel Institute. The figure also marked the fifth consecutive monthly increase. The total figure for the month compares with 2,797,194 tons in March and 1,362,856 tons in April of 1933. SEAT VALUE DECREASES Second Membership of Day on N. Y. Mart Purchased for SIIO,OOO. By United Press NEW YORK, May 10.—A membership on the New York Stock Exchange was sold today at SIIO,OOO, a decrease of $15,000 from a sale announced earlier today. The last sale, prior to today’s two sales, was at $130,000. Tlk- year’s low is $83,000 and the high $190,000.

Government Home Owners’ Loan Corporation and Municipal Bonds The Union Trust Cos. of Indianapolis BOND DEPARTMENT 12# E. Market Riley 5341

.MAY 10, 1934

GRAINS UNEVEN > ON CONFLICTING WEATHER NEWS Traders Expect to Learn Extent of Damage in Crop Report. By HARMAN W. NICHOLS United Pres* SUIT Correspondent CHICAGO. May 10.—Conflicting weather reports brought an uncertain tone into the wheat market at the opening of the Board of Trade today. The principal grain ruled % cent lower to % cent higher, corn was unchanged to % cent off, oats were a * cent lower to % cent higher, and rye was up % cent. A few scattered showers were reported throughout the belt, whereas this bearish crop news was countered by continued complaints of drought in many sections and reports of severe dust storms in lowa and Nebraska. Traders watched with interest the government crop report due late today and hoped to learn at the time the extent of damage done by the lack of moisture. Liverpool wheat was lower in sympathy with the late decline here yesterday. Some selling of wheat was indu.'d at the opening by lower stocks but as soon as the first wave subsided buyers rushed into the market and wheat turned strong, advancing around a cent from yesterday's finish. July touched 84K cents on the upturn. There was fairly good commission house support. Chicago Futures Rangd —Har 10— Prev. Wheat — High. Low. 10:00 close. Mav 86% .85% .85% .85% July 84% .83% .84% .83% Sept 85% .84 .85 .84% Corn— May 47 .46% 46’4 .46% Julv 49% .49% .49% .49% Sept 50% .50% .50% .50% 60 a ts— Mav .34% .34% .34% .34 July 33% .33% 33% .33*4 Sept 33% .33% .33% .33% Rye— Mav 57% .57 .57% .56% July 58% .57% .58 .57% Sept 59% .59 .59% .58 % Barley— Mav 42% Julv .42% .42% Sept 44 .43% .44 .43% CHICAGO PRIMARY RECEIPTS —May 9 —Bushel*— Today. Last week. Wheat 251,000 267.000 Corn 286,000 125.000 Oats 88,000 106,000 Cash Grain INDIANAPOLIS —Mav 9 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 4i% New York - tfltp n'prp Wheat—Steady: No. 1 red, 26%@28%c; No. 2 red. 25%®27%c; No. 2 hard, 75%® 77 %c. Corn—Easv: No. 2 white. 46® 48c; No. 3 white. 45®47c; No. 2 vellow. 43%®45%c; No. 3 vellow. 42%®44%c; No 2 mixed, 42%@44%c: No. 3 mixed, 41 %@43%c. Oats—Easy; No. 2 white. 32@33c; No. 3 white. 31@32c HaytF. o. b. country points taking 23Vic or less rates to Cincinnati or Louisville). —lnspections Corn—No. 2 white, 1 car; No. 4 white. I car; No. 2 yelow, 3 cars; No. 3 yellow, 5 cars; No 4 yellow. 1 car. Total. 11 cars. Oats—No. 2 white. 3 cars; No. 3 white. 8 cars. Total. 6 cars. Local Wagon Wheat City grain elevators are paying 72 cent* for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. May 9.—Cash Grain: Wheat —No. 2. northern smutty. 83%c; 1 mixed, 87c; No, 2 mixed, 87c. Corn—No. 2 mixed, 50%c; largely whate; No 2 vellow, 49%c; No. 2 yellow old, 50c: No. 2 yellow, lake. 49%c; No. 2 white, 53c; No. 3 white. 53c. Oats—No. 2 white, 36@36%c; No 2 white lake, 35%c; No 3 white. 35%c; No. 3 white lake. 34%c. Rye—No sale. Barley—6o@ 78c; quotable. 42®82c. Timothy—*6.2s® 6.50. Clover Seed—[email protected]. Cash provisions: Lard—*s.B2; loose. $5.42; leaf, $5 37; bellies. $77.75. TOLEDO. May 9. —Grain close: (Grain in elevators, transit billing). Wheat—No. 2 red. 87@88c. Corn—No. 2 yellow, 53% @54%c. Oats—No. 2. white. 39%@40%c. Rye—No. 2. 62%@63%c (Track prices 28%c rßte). Wheat—No. 1 red. 83®.84c; No. 2 red. 82@83c. Corn —No. 2 yellow. 49®50c; No. 3 yellow. 48® 49c; No. 4 vellow 47<@>48c. Oats—No. 2 white, 36® 37%e No. 3 white. 35%®37c. Seed close: Clover— Cash. $8.25. Alsike—Cash. $8 50.

ALLEGHANY PLANS TO ISSUE MORE STOCK Holders Denosit 41 Per Cent of Denver h Rio Grande Bonds. By Times Special NEW YORK. May 10.—Plan of the Allegheny Corporation to issue more common and new pereferred stock was assented here this week by holders of $2,624,000 of the $24,532,000 of the company’s 5 per cent bonds, the New York Stock Exchange announces. Holders of approximately 41 per cent of the $29,808,000 of Denver & Rio Grande Western Railway 5 per cent, bonds of 1955 have deposited their securities under a proposal for deferment of interest. A refunding plan of the Milwaukee & Northern Railway Company has caused approximately 65 per cent of the company’s two bond issues to be deposited by holders, it is reputed. K. C. SOUTHERN ELECTS SLATE OF 15 DIRECTORS 387,419 Shares Represented in Vote at Annual Meeting. By Times Special KANSAS CITY, Mo., May 10. The agreed slate of fifteen directors for the Kansas City Southern Railroad Company met no opposition at the annual meeting of the company here this week, and all were elected. A total of 387,419 of the company’s 510.000 shares of stock Darticipated in the election. Included was she block of 104.000 shares held by Partners in Paine. Weber & Company, Boston. A controversy over the franchisement of the Paine-Webber stock was ironed out before the election. A reorganization meeting will be held by the new board May 16 in New York.