Indianapolis Times, Volume 45, Number 313, Indianapolis, Marion County, 11 May 1934 — Page 32

PAGE 32

SECURITY LIST UNEVEN. QUIET; INTEREST LIGHT Several Industrials Show Fraction Gains; Motor Issues Steady. BY ELMER C. WALZER United Pm* Financial Editor NEW YORK, May 11—Stocks opened quiet and irregular today. Bilver issues weakened with silver metal. Industrials were mixed with a long list showing fractional gains. Motors were steady. Cotton futures opened 2 to 4 points lower. Silver lost 20 to 48 points. Sugar futures were unchanged to off 2 points. Bonds were mixed. The dollar, was steady to Arm. Initial prices on the Stock Exchange included: United States Steel. 43'*. unchanged; General Motors, 32', unchanged; Chrysler, unchanged; United States Smelting, 113, off 2%; American Telephone, 111 I*, 1 *, off 'j; Du Pont, 841*, unchanged; Bethlehem Steel, 35, up Westinghouse Electric, 32, off V, National Distillers, 24%. up hi ; New York Central, 2T%, off V*; Atchison, 56, up %, and Montgomery Ward, 25%, off '4. After the opening the list was dull with prices around opening levels. Interest was lacking in all sections as traders remained on the sidelines to watch the opening of the Chicago Board of trade. Business news was featured by the weekly Dun & Bradstreet trade review, which found gains in all sections of the country save the drought area.

Money and Exchange INDIANAPOLIS BANK CLEARINGS —May 11— Clearings $2,019,000 00 Debits 6,206,000.00 FOREIGN EXCHANGE (By Abbott, Hoppln & Cos.) —May 10Close. Sterling. England $5.11 Franc. France 0661% Lira. Italy 0852>2 Belgias. Belgium 2343 Mark, Germany 3965 Guilder. Holland 6191 Peseta. Spain 1371 Krone, Norway 2569 Krone. Denmark 2283 Yen. Japan 3042 Treasury Statement (By United Press) WASHINGTON. May 11—Government expenses and receipts of the current fiscal year to May 9. compared with the corresponding period of the previous fiscal year: This year Last year Expenses $6,089,695.087 42 *4 446.978.378 15 Receipts *2.608.310.912 77 51.705,891.318.56 Deficit.. *3,462 384 174 65 52.741.087.059.59 Cash balance *2,163.596,519 50 New York Bank Stocks (Abbott, Hoppin & Cos). —May 10Bid. Ask Bankers 63 63'2 Brooklyn Trust 101 105 Central Hanover 132 133 Chase National 28*/i 29 Chemicals 4040% National City 28'A 29 Corn Exchange 52 52'2 Continental 13 13% Empire 18 _ 19 1 2 First National 16.65 16 80 Guaranty 366 368 Irving —> 17% 18 Manhatten A- Cos 30 30*2 Manufacturers 21 21 la New York Trust 104 100 Public 32 >i 33 Investment Trust Shares (By Abbott, Hoppln & Cos.) —May 10— Bid. Ask. Amer Bank Stocks Corp 112 1.15 Amer and Gen Sec A 4.00 6.00 Amer and Inv Tr Shares 1.75 Basic Industry Shares 3.25 33a British Type Inv Tr Sh 45 .50 Collateral Trustee Sh (A) 4.25 450 Corporate Tr Shares (old' •• 1.95 2.00 Corporate Tr Shares (new).. 2.15 2.20 Cumulative Trust Shares ... 3.65 ... Diversified Trust Shares (A* 6 25 Diversified Trust Shares (B).. 6.87 7.12 Diversified Trust Shares (C) -. 2.90 2.95 Diversified Trust Shares (Di 4.12 437 First Insur Stock Corp 122 126 First Common Stock Corp .. .79 Fixed Trust Oil Shares iAi ... 7.50 775 Trustee Std Oil (A) 525 5.37 Incorporators Investments ...16.75 17.12 Land Bank Bond Shares 1.19 1.30 Low Priced Trust Shares 5.60 Mass Inv Trust Shares 18 26 19.85 Nation Wide Securities ... 3.15 325 North Am Trust Shares (53)... 1.77 . North Am Trust Sh (55-561 .. 218 222 North Am Trust Shares <SB) . 2.25 230 Selected Amer Shares 259 . Selected Amer Shares Inc .... 1.19 1.28 Selected Cumulative Shares . • 665 Selected Income Shares 346 400 Std Amer Trust Sh iA> 270 275 Trust Shares of America 2a7 263 Fixed Trust Oil Sh 181 6.50 6.70 Trustee Std Oil 'B> 4'5 4.95 U S Elec. Lt * Pwr (A) 12.00 12.50 Universal Trust Shares 2.80 290 Daily Price Index ißv United Press) NEW YORK. Mav 10.—Dun A- Bradstreet's dailv weighted price index of thirtv basic commodities compiled for the United Press: „ (1930-1932 Average. 100 i Todav }2o Month ago 108 04 Y*ar ago (Mav 11' 88.01 1934 H.gh (March 12) 110.24 1934 Low (Jan. 3) 10105 Copvright. 1934. by Dun A- Bradstreet. Inc.

at SACKS— Clothes Cost SO LITTLE! • MEN’S SPRING Kilo' > NEW .00 Oao !•< of Om ,ot ," f SOO unit* 40 *ntt. fronl Amor. BraOfi now jr ' finest sprtop styles manufactnr - .. e r s. Many -—all color*. . . brand new. SO.OO $7-50 SAVE AT SACKS SACKS BROS. 308 Indiana Ave. ■■MltiT.N EVEMNGSHBH

—New York Stocks — ———— ,Bv Abbott HooDln A Co.* "

—May 11 Prev. High. Low. 10 30. Close. °U— Amerada Atl Rfg 24% 24’, Cofit of Del 18 lB 'a : Houston 1 newt Houston 'old) Mid Cent Pet IJ?' }* • Ohio Oil ll’ ;j 7 Pet Corp 10 3 , 10 . Phillips Pet 1 4 Plymouth OH .. 1 iPure Oil 9 J • Royal Dutch Z?jSbd Oil 31% Shell Un 8 * Skelley Oil .? 4 S O of Cal 32 32 % s o of n. j 42 % 2?; Sun Oii 52,* Texas Corp f a , Tidewater Assn }*,* Un Oil of Cal I*’ 4 15 % Steels— Am Roll Mills If If '2 Beth Steel 35 34% Bvers AM ••• • ... Coi Fuel A Iron 4'* Cruc Steel 21-4 Gulf Sts Steel ‘?. Inland Steel *jL* Ludlum Steel i;- 1 McKeesport Tin Mid Steel 12 2 Otis Steel Rep Iron&Steel 16 * Rep IronAStlpfd if. 4 U S Pipe ii Fdy 4 1% U S Steel 43' 43’. U S Stel pfd 88’ Warren Bros ,5 * Youngs'n S& T 18 2 20 Motors— Auburn ~ 35 35% Chrysler 40% 40*2 40% 40 4 Gen Motors .. 32-4 32-a Gen Motors pfd I™ 2 Graham Mot Hudson 13’4 If * Hupp 3 4 3 * Macs Truck fjj* Nash • • If 4 Packard 4V* * 4 * 4 Reo f 4 Studebaker * Yellow Truck 4 Va Motor Access — Bendix 14% 14% 14% 14% Bohn Alum 54 2 Borg Warner ?z Briggs 18 % lfH Buad W'heel 3% Eaton Mfg ... . • If** Elec Auto Lite.. 21% 21 21 20 2 Houdaille A .4Vs Mullins Mfg lOj'g Murray Bodv 7% Stew Warner 7/a Timken Roll 29% 30 Timken D Axel 6% 6:4 Mining— Alaska Jun ... 18% 18 Am Metals 20 21 Am Smelt 37% 38 Anaconda 13% .14 Cal Hecla 4% 414 Cerro de Pasco ■ 32 2 Dome Mines 37‘2 37_4 Granby 9V* 9v g Gt Nor Ore 12 Homestake Min 351 Howe Sound 47 Ins Copper 4 % Int Nickel 26% 26% 26% 1714 Int Silver 30 Isl Creek Coal . . . . 26*4 Kennecott Cop . 19% 1914 19’4 19’* Mclntyre Mine 42 42Vi Noranda Cop ... 4040 Park Utah 4 4 Phelps Dodge 18 St Joe Lead 18 s /s U S Smelters ...113V 2 113 113% 115> 2 Vanadium 2014 Amusements— Crosley Radio .... ... ... 12*4 Fox Tnea ... ... 14% Loews Inc 1 . • ■ 30 Radio Corp 7% 7% 7% 7 1 2 RKO 2 1 /* 2 1 * Warner Bros ... 5 5 /* 5V* 5% 6 Tobaccos— Am Snuff ... . • 54 >'* Am Sum Tob .. ... 14 1 /* 13% Am Tobacco “A” .. ... 67’/2 68% Am Tobacco “B" .. ... ... 69% Ligg & Myers 'B' 92 Lorillard .. ... . 17% Reynolds Tob B’ 41% 42% Rails— Atchison 56 55% 55% 55% Atl Coast Lines 38% B & O 22 22% Can Pac ... 15% 15% Ch & Ohio 44Vi 44 44>/ e 43’* Chi & Gt W 3'/a 3% Chi & Gt W pfd BVi C M & St P- 5 C M & St P pfd . .- 7V 2 7% Chi N W ... 9Vi 9% 9% 9% Chi N W pfd 17 17% Deia & Hud 52 % Del Lac & W 21 Vi 21% Erie 18 18 Erie pfd 21 Vi Grt Northern pf 20% 20% 111 Central 25Vi 23% K C Sou 13% Lehigh Valley 15 Lou & Nash 52% M K & T 9'i M K & T pfd 22 Mo Pac 3% Mo Pac pfd ..... . . 5% N Y Cent 27% 2714 27Va 28 N Y Chi & St L 16% N Y C A- St L pf 30 N Y New Haven .. ... 14 14% N Y Ont A West 7Vi Norfolk A Wes 173 Nor Pac 25% 25 % Penn R R 30% 30% Reading ... . 45 Sou Pac 21 21% Sou R R 24% 24 24% 24 Sou R R pfd ... ... 31 Union Pac ... ... 121% Wabash ... . 3% West Maryland 11% 11% Equipments— Allis Chalmers 15% 1514 Am Brake Shoe. 26 Am Car & Fdy 19% 20 Am Car A Fd pf 40 Am Loco .. ... ... 25% Am Mach A- Fdy 15% Am Steel Fdy 17 Bald Loco 10% 10% Bald Loco pfd ... . 43% Burroughs 13% 13% Case J I 52% 53 Cater Tract 28 Deere A Cos 22 Foster Wheeler 14% 14% Gen A Tnk car . . 16% Gen Elec 19% 19% 19% 19% Gen R R Sig 32% Ingsol Rand 54% Int Harvester 35 35 Natl Cash Reg 15*4 15% Pullman Inc ... ... 50% Rem Rand 9% Und Elliot 41 West Air B .. . .. . 28 Westingh Elec 32% 31% 32 32% Worthington Pmp 21 Utilities— Am A For Pwr 7% 7% Am Power A Lit . 6% A T A T . . 111% 111 111 111% Am Wat Wks 17% 17% Brook Un Gas 61% Col GasAElec 11% 12 Col G A E pfd 70% Com A Sou .. . 2% 2% Consol Gas 32% 32% 32% 32% Elec Pwr A Lit ... ... 5% 5 s * E P A L pfd 12% Int Hydro Elec 6% Int T A T 11% 12 Lou G A E "A” 16% Nat Pwr A Lit 9% 10 North Amer 15% 15% Pac G A E 17% 17 s * Peoples Gas ... 30 30 Postal Tel pfd 17% Pub Serv N J 34 34% So Cal Edison . 16% Std Gas 10 9 s * Std Gas pfd . 10% Stone A Webster 7V4 7% United Corp 4% Un Gas Imp 15% 15% Ut Pwr Lit A 3 Ut Pwr A Lit A 3 Rubbers— Firestone 19% Goodrich 13% 13% C-oodvear 30% 29 Kelly Spring ... . . 2% U S Rubber 18% 18% 18% 18% ,U S Rubber pfd 46% 45% 46% 45% Miscellaneous— Am Bank Note .. ... ... 18% ' Am Can

Open Sundav AM. OKN T AI NA O R GAN 17. ,UIO * YOU ALL KNOW THIS UNDERTAKER Harry W. Moore 2050 E. Mich. St. CH. 6020 Only 15c a Day Buys a New KELVINATOR Pearson ACID-KNOX INSTANT KF.I.IKKI From INDIGESTION, G AST R I TIS. M | . . SOI K STOMACH. GIARANTr.ni. ■ ON SALE AT ALL HAAG I)RIG STORES

AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Close, change Thirtv Industrials 95.59 92.14 93.91 -1.80 Twenty rails 43.24 41.65 42.52 —1.12 Twenty utilities 22.91 21.93 22.47 -.20 Forty bonds .... 94.09 —.21 Ten first rails 100.00 .12 Ten second rails > * .... 82.34 —.60 Ten utilities f .... 97.11 —.20 Ten industrials 3 ‘ .... 96.91 —.13 + Up. -Off.

Anchor Cap 19% 19% Brklyn Man Tr 34% 35% Conti Can 75% Crown Cork 26 Curtis Pub 23% Curtis Pub pfd . 90% 90 Glidden . 23% 23 23% 22% Inter Rapid Tr 8 8 Owens Bottle 77 Raybestos Mfg 18 Foods— Am Sugar ... .. 52 Armour A ... 5% 5% Beatrice Cream. 14 Borden Prod 23% 22% Cal Packing 30% 31 Canada Dry G A 22 22% Coca Cola 116 116 Corn Bak A 9% Corn Prod 64 Crm of Wheat 32 31% Cuban Am Sugar 7% Gen Foods 32% 32% Gold Dust 19% -19 G W Sugar 28 28 Int Salt 26Vi Loose Wiles 40% . Natl Biscuit 37)4 37% Natl D Prod 16 15Vi Purity Bak 14 S Porto Rico S 30% 30% Spencer Kellog .. ... . 11 Std Brands 19% 19% Un Biscuit 25% United Fruit ••• ••• 6714 Wrigley 62 Retail Stores— Ass Dry Goods ... ... .. 12% First Natl Stores 61 62 Gimbel Bros 4% Gr Un Tea 6% Hahn Dept Sts 5Vi Jewel Tea 46% Kresge SB 17 17% Kroger Groc 28% 28 Macv R H 42% 43 Marshall Field . 14% 14% 14*/* 14V* Mav Dent St ... • • 38 Mont Ward 25'/* 25 25V* 25% Natl Tea 12% Penny J C - • 55% Safeway St 49 00% Sears Roebuck 42% 42% W'oolw'orth ••• ... 48% Aviation—• Aviation Corp 6V2 6% Curtiss Wright 3% Curtiss Wright A • • • 8% 8% Douglas Air ... 18% 18% 18% 18% Nor Am Av ... 4 % Speery Corp BV* United Aircraft. 20% Wright Aero 45 Chemicals— Air Reduction 97 Allied Chem •• ••• ••• 136% Am Com Alcohol 21% 20% 20% 38% Col Carbon 66 Com Solvents ••• 21% Du Pont 84 Vi 84 84 84 Va Freeport Tex 39 39 Liquid Carb 28% 28,2 Math Alkali 29 Montosonta Ch 41 '2 Natl Dis 1 new) 24% 25 s /* 25% 24% Schenelev Dist . Tex Gulf Sulph 32% Union Carbide 29 38% U S Indus Al’hol 42% 42% Virg Ch 6% pfd 17% 17‘/a Drugs— Coty Inc 6% 6 6% 6 Lambert 25 1 Lehn & Fink 21% Un Drug 15% Zonite Prod 5Vi 5% Financial — Adams Exp 8 7 2 Allegheny Corp 2% 2/4 Am Int Corp 7% 7 Chesa Corp 41 41 Va Lehman Corp ••• ••• 8 Transamerica -. 6% 6 6 5 * Trv Conti Corp 4% 4% Building— Am Radiator J3 IZ/* Gen Asphalt 18 J’,* Int Cement . ‘j* Libbv Owens Gls 30% 30% Johns Manville 48 /* Otis Elev i4 '* Ulen Const 2% Household — Col Pal Peet ~ , 13 Congoleum .... 25% 25% 25% 25 4 Kelvinator ’5 '* Mohawk Carpet ij Proc & Gamble f! Simmons Bed 16 16 Textiles — Amer Woolen .. . • ••• ••• 10V* Belding Hem ... 11% 11% 11% 11% Celanese Corp .. 27% 27% 27% 28 4 Collins Aikman 17 % 4 Gotham Hose 7% 7% Indus Rayon 73 /4 73,* Kayser Julius ’2., Real Silk _• 8 % New York Curb (By Abbott. Hoppin & Cos.) —May 10— Close: Close Allied Mills ... 7!*jGulf Oil of Pa.. 61 Alum Cos of Am 68 Hiram Walker.. 32% Am Beverage 2 (Hud Bay Min.. 13 Am Cyanide B 17% Humble Oil % Am Gas &El 231* Imperial Oil Ltd 14% Am Superpower 2% Int Petrol . • 26v* Asso Gas &El . % Lake Shore Mm 49-,4 Atlas Corp 11 Lib McN Libby 5Vi Brazil Tr & Lt. 10Vi!Lone Star Gas - 6 Can Indu Ale AU 5 * Natl Bellas Hess 3 Can Marc Z’sNewmont Min.. 48 Carrier Corp .. 6 iNia Hud Pwr.. 5/ Cities Serv 2% Novadel Agene.. 20% Consol G of Bal 59%:Pan-Am Airways 36% Cord Corp .. s%jPark Davis ..., 24 Creole Petrol .. 12%|Penn Road 2% Crown Ck Inti.. 7 iSt Regis Paper. 3% Deere & Cos. ... 22 ISal Creek Prod 6% Distillers Llm . 23 iSherwin Wms.. 63% Distillers Corp. 16 jStd of Ind .... 26 Dow Chem . . 85 IStd of Ky .. .. . 15% El Bond & Sh 13%ITechnicolor Ind 8% Fisk Rubber . l2*.*iTeck Hughes G 6 Ford of C (A) 21% Un Gas 3 Ford of Europe 9%'Un Pwr & L (A) 2% Glen Alden Coal 15%Wri Harg iMn.. 9

Bond Prices —~" By Fenner & Beane ”“

—May 11High. Low. 10:30. Alleg Corp 5s 'SO , 39% Am & For Pwr 5s 2030 52*2 51Va 51*2 AT&T db 5s '65 .. . r 107% Atchison Gen 4s ’95 . 100% B&Ocv 4%s '6O 64% 64% 64% Beth Steel 5s A '36 ...102% 102% 102% Can Pac 4s 82% 81 3 /4 81 3 i CMStP&P adj 5s A 2000 14% 14% 14% CMStP&P rs 5s A "75 46 3 4 45% 45% Cons Gas N Y 4%s 'sl . 104 Erie RRrf 5s '67 72% 72% 72% Goodvear 5s '57 99 98% 98% •Gt Nor 7 A '36 •• 96% 96 96% Int T & T db 5s '55 62% 62 62V 2 McKess & Robb 5%s 'SO 80'2 Nat Dairv db 5<4S 48 .95 94% 95 N Y Cent 4%s O 2013 .. 73% 73 73 Nor Am 5s ’6l ... 89% Pac Gas & El 5s A ’42 105% Para Pub 5%s ’SO 50% Penn R R 4%s D 'Bl . 96% Poland 7s '47 .117% 117 117% Royal Dutch 4s A '45 134% Texas Corp 5s '44 102% 102 102% On Pac Ist 4s '47 .... 104% 104% 104% U S Rubber 5s A '47 85 Vanadium 5s '4l ... ... 82 Ygstwn S & T 5s B '7O. 84% V. S. GOVERNMENT BONDS (By United Press) NEW YORK. Mav 10.—(Decimals represent thirty-seconds.) Liberty 3%s (32-47) 103 2 First 4%s (32-47) 104.6 Fourth 4%s (33-388 104.8 Treasury 4%5-3%s (45) 103.6 4%s (47-52) 112. 3%s (43-47) 104.6 3%s (41-43) March 104 3 3%s (40-43) June 104.6 3%s (4D 103.26 3%S (46-49) 101.30 3s (51-55) 100.26 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —May 10— Bid. Ask. 4s Now 1. 1957—37 100% 100% 4s May 1. 1958—38 100' 2 101 4%s July 1. 1956—36 100% 100% |4%S Jari. 1. 1957—37 100% 101 4%s May 1. 1957—37 100% 101 4%s Now 1. 1958—38 101 4%s May 1. 1942—32 100% 101 ; 4%s Jan. 1. 1943—33 100% 100% 1 4%s Jan. 1. 1953—33 100% 100% : 4%s July 1. 1353—33 100% 100% 4%s Jan. 1. 1955—35 100% 101 4%s Jan. 1. 1956—36 100% 101% 4%S Julv 1. 1954—34 100'2 101 ! 4%s Jari. 1. 1954—34 100% 101 1 4%S Julv 1. 1954—34 100'2 101 'ss Mav 1. 1941—31 101% 102 5s Nov. 1. 1941—31 101% 102 Home Loan 4s Julv 1. 1951 100' 2 100% Federal Farm Mortgage Corporation 3%S March 15. 1964—44 a... 102'* 102% SALES RECORD IS SET Norge Corporation Exceeds Best Month By 6.404 Units. With the shipment of 26.402 elecI trie household refrigerators in j April, Norge Corporation exceeded ! its best previous month's record by i 6.4C4 units and seht an al-time production record. Unfilled orders on hand at the end of the month I totaled 34.360 even though four sixhour shifts are being operated at afi Norge factories. Total orders for the first four months of this year exceeded total j shipments for the entire year of I 1933, by 11 per cent, according to 1 Howard E. Blood, president of the 1 corporation.

. THE INDIANAPOLIS TIMES

Chicago Stocks ' By Abbott, Hoppln & Cos. —May 11High. Low. 11:30. Adams Mfg 12% 12% 12% Allied Proaucts .. 16 Asbestos Mfg 2% 2*2 2% Berghoff 8% 8% B*4 Bendix Aviation 15 14% 14% Borg Warner 22% 22 22 ’ E L Bruce Cos .. 12 Butler Bros 9% 9% 9% Cent 111 Securities pfd. . .. 8 Chicago Corp com 2*4 2% 2% Chicago Corp pfd .. 26 Cities Service 2% 2% 2% Commonw'ealth Edison 52 Cord Corp 5% Crane Cos 8% Gen Household Ut ... 12% 12 12% Kingsbury ... s)* Libby McNeil 5% 5% 5% Lynch Corp 30 Middle West Utilities >4 % % Noblitt Sparks Ind Inc. 13% 13*4 13% Perfect Circle 27% Quaker Oats . 14 Swift & Cos 16 15% 16 Swift Internacional ... 30% 30% 30% Thompson JR 7% Vortex Cu Cos 11 Walgreen Cos com 25 Zenith Radio 3% 3% 3% Bright Spots 1 (By Abbott. Hoppln & Cos.) American Radiator and Standard Sanitary Corporation declares the regular quarterly dividend of $1.75 a share on the preferred stock. Philadelphia Company and subsidiaries in twelve months ended Feb. 28 had a net profit of $7,823,426 after all charges except preferred dividends on subsidiaries stocks and minority interest against $8,712,206 in the previous twelve months. Oppenheim Collins Company total sales for three months ended April 30 amounted to $2,064,178 against $1,722,241 in the corresponding 1933 period. Duquesne Light Company in twelve months ended Feb. 28 had a net income of $10,693,971 after all charges - against $11,362,300 in the previous twelve months. Atlantic* Refining Company declares the regular quarterly dividend of 25 cents a share on the common stock. Western Union Company in the first quarter had a net income of $548,747 against a net loss of $349,099 in the first quarter last year. HYDRO-ELECTRIC PLANT COMPLETED AT QUEBEC Four Huge Power Units Have Total of 160,000 Horsepower. By Times Special CHICAGO, May 11.—With the completion of its fourth unit of 40,000 horsepower at Rapide Blanc, the Shawinigan Water & Power Company, one of the four largest power distributors in the world, this week put into operation its new 160,000 horsepower hydro-electric plant, the first of a series of developments on the upper St. Maurice river in northern Quebec designed to yield eventually about a million horsepower. The new development, which can be expanded to a capacity of 240,000 horsepower, was started in 1930. The first 40,000 horsepower unit was installed in February and two others were subsequently put into service. With the full installation completed, the company has available from its own power plants a capacity of 809,200 electrical horsepower and 55,000 hydraulic horsepower, in addition to 110,000 horsepower purchased from other companies. Produced at a low cost, this power is used by practically all of the industries in the industrial territory of Quebec.

TEA COMPANY SALES UP 2.3 PER CENT IN APRIL A. & P. Total for Four-Week Period Amounts to §62,463,980. Sales of the Great Atlantic & Pacific Tea Company for the fourweek period ending April 28 were $62,463,980. This compares with $61,056,064 for the same period in 1933 and is an increase of $1,407,916, or 2.3 per cent. April sales expressed in tons were estimated as 364,467 this year, compared with 405,661 in April, 1933. This is a decrease in quantity of merchandise sold of 41,194 tons, or 10.15 per cent. Average weekly sales in April were $15,615,995, compared with $15.264.016 in 1933, an increase of $351,979. Average weekly tonnage sales were 91.117, compared with 101,415 in April, 1933, a decrease of 10,298 tons. SALES GAIN IS REPORTED G. M. C. Foreign Distribution in Four Months Up 87 Per cent. By Times Special NEW YORK, May 11.—General Motors sales abroad of car and truck units, from all sources, for the first four months of 1934 totaled 59.817 units, an increase of 87 per cent over the total for the corresponding period of 1933, and an increase of 99 per cent over the total for the first four months of 1932. The results in evidence for the month of April alone reflect a continuance of the vigorous upward trend which has been in evidence since the spring of 1933. and sales of 20.201 units during this month are the highest recorded for any year in the company’s history with the exception of 1928 and 1929. BOILER PRICES REDUCED Spencer Heating Cos. Announces Market Broadening Program. Bp Times Sprrtal WILLIAMSPORT. Pa.. May 11.— Announcement was made today by the Spencer Heater Company of a substantial price reduction on all models of Spencer cast iron magazine feed boilers. The new prices become effective immediately. According to a statement by C. N. Tull, president, the reduced prices represent one part of Spencer's new program of broadening the market for magazine feed boilers and placing Spencer automatic heat within reach of a larger number of home owners. Air Triffic Increases By Tim?* Special WASHINGTON, May 11—Airline passenger traffic in this country during March totaled 22,045. as compared with 27,318 during February’. according to the department of commerce.

PORKERS RISE 5 TO 10 CENTS AT CITY YARDS Vealers Weak at $6 Down; Lamb Market Scarce and Lower. Major advance of the week was j registered in porkar prices in early trading at the IJnion Stockyards today. Improved demand and a slight decrease in receipts from the previous figure was believed a strong factor in boosting hog values 5 to 10 cents higher than yesterday's average. Initial bulk of 160 to 325 pounds i was selling from $3.55 to $3.70, • while some better grades sold up to $3.75. Light lights, weighing 130 to 160 pounds, brought $2.80 to $3.35. Small weights available, scaling from 100 to 130 pounds, were salable at $2 to $2.60. Receipts were estimated at 5,500; holdovers, 371. Practically all slaughter classes of steers in the cattle market remained unchanged in a week-end cleanup trade. Other classes were inactive. Receipts numbered 400. Extreme weakness featured initial deals in veal trading, with the majority of prices moving around 50 cents lower than the previous close. General bulk sold at $6 down, while early top held at $6.50. Receipts were 800. With only a few small lots on hand, indications in the lamb market were slightly lower. Few shorn western grades sold at $8.50 down. Most springers held from to $lO. Receipts were 300. Initial bids and sales on hogs at Chicago remained practically unchanged with yesterday’s average. Bulk of better kinds, weighing from 160 to 200 pounds, was bid in at. $3.65 to $3.75. Receipts were estimated at 16.000, including 8,000 directs; holdovers, 2,000. Cattle receipts numbered 2,000; calves. 700; market stationary.* Sheep receipts 7,000; market unchanged. HOGS May Bulk. Top. Receipts. 4. $3.75© 3.85 $3.90 6,000 5. 3.65® 3.75 3.85 1.500 7. 3.70® 3.80 3.85 5.500 8. 3.65® 3.75 3.80 5,500 9. 3.55® 3.70 3.75 5,000 10. 3.50® 3.65 3.70 6.000 11. 3.55® 3.70 3.75 5,500 Market, Higher (140-160) Good and choice. ..$ 3.10® 3.35 —Light Weights—-(l6o-180) Good and choice ... 3.55® 3.60 (180-200) Good and choice.. 3.60® 3.65 —Medium Weights—-(2oo-220) Good and choice.... 3.65® 3.75 (220-250) Good and choice-... 3.70® 3.75 —Heavy Weights—--1250-290) Good and choice.... 3 70® 375 (290-350) Good and choice ... 3.60® 3.70 —Packing Sows — (350 down) Good 3.00® 3.25 (250 lb.) Good 2.85® 3.15 (All weights) Medium 2.75® 3.00 —Slaughter Pigs—-(loo-130) Good and choice.... 2.00® 2.60 CATTLE Receipts, 400; 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. 1.75® 3.00 VEALERS Receipts, 800; 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 CattleGood and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1,500) — Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 300; market, steady. (Shorn basis) Spring lambs * 9.00® 11.00 (90-lb. down) Good and choice.sß.7s® 9.25 (90-110 lb.) 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 11.—Hogs—Receipts. 16,000, including 8,000 directs; moderately active, strong to 10c higher; 180-260 lbs., $3,700 3 80; top. $3.80; 260-340 lbs.. $3.50 @3.75; 140-170 lbs., $3.35(03.75; most pigs, $2.50 down; packing sows, [email protected]; light lights. 140-160 lbs., good and choice, $3.250375: light weight 160-200 lbs., good and choice, 53.6003 80; medium weights, 200-250 lbs., good and choice. $3.65(03.80; heavy weights. 250-350 lbs., good and choice. [email protected]; packing sow's, 275-550 lbs., medium and choice, $2.60(03.25; slaughter pigs, 100-130 lbs., good and choice, $2(03.25 Cattle—Receipts. 2.000; calves, 700; steady trade on killing classes; not many well-finished cattle in run; bulls weak; cutters and low cutter cows, $1,750 2.50: select vealers, $6.50@7; slaughter cattle and vealers; Steers. 550-900 lbs., $6 @7.75; 900-1,100 lbs., good and choice, $6 (08.50; 1,100-1,300 lbs., common and medium, $4.5007 25; heifers, 5507-50 lbs., good and choice. [email protected]; common and medium. 53.50(05.25: cows good. $4<05.25: common and medium. $2.65(04; low cutter and cutter. $1.50 0 2.65: bulls (yearlings excluded), good beef. $3.25© 3.75; cutter common and medium. $2.5003.25; vealers. good and choice. $5 30(07: medium. s4© 5.50. cul and common. s3©4: stocker and feeder cattle: steers. 550-1.050 lbs., good and choice. $4.7506: common and medium $3.50© 5. Sheep—Receipts. 7.000; general undertone weak to 25c lower on lambs; aged sheep 25c to 50c lower: desirable spring lambs scarce; talking $8©8.25 and asking above $8.50 for clipped lambs: lightweight shorn ewes. $3.5003.75: 150-200 lbs., bid. $2; slaughter sheep and lambs: Spring lambs, good and choice, $9.75011; medium. $8.500 9 75: lambs 90 lbs., down, good and choice. sß© 8.65; common and medium. s6©B; 90-98 lbs., good and choice, $7.9008.5" ewes. 90-150 lbs., good and choice. $2.50 0 3.75: all weights common and medium. $1.2503 LAFAYETTE. Mav 11.—Hogs—Market 5c higher: 250-300 lbs.. $3 60; 300-325 lbs . $3.35: 210-250 lbs.. $3.55: 200-210 lbs.. $3.50; 170-200 lbs., $3.40: 160-170 lbs.. $3.30: 150160 lbs., S3 10; 140-150 lbs . $2 80: 130-140 lbs., $2.50: 100-130 lbs.. $1.7502.25; roughs $2.75 dewn: top calves. $5.50; top lambs. $8.50; spring lambs, s9@lo. FT. WAYNE. Mav 11.—Hogs—Steadv to 10c higher: 250-300 lbs . $3.70: 200-250 ibs.. 53.65: 160-200 lbs.. $3.55:300-350 lbs.. $3.40: 150-160 lbs., S3; 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 11—Cattie 175, Including 35 direct: salable supply light: general quality plaint; market slow and about steadv with week's decline: bulk common to medium steers and heifers s4@ 5; very few of quality to sell above $5.50; good drvfed light yearlings quotable to around $6.25; bulk beef cows $2.75(03.50; practical top $3.75: low cutters and cutters mostly 51.250 2 50; sausage bulls $3.25 down: bulk desirable light hereford and shorthorn Stockers $4.750 5.25; common to medium grade natives $3 04. Calves, 500. including two loads stock calves: market 50c lower: bulk better vealers $4.50 @5; medium and lower grades $2.500 4. Hogs 900; 10c higher: finished 185-275 lbs.. $3.70: 280 lbs., up $2 90; 145-180 lbs., mostly $3.15; few choice 160-180 lbs., mostly $3.15: few choice 160-180 lbs. weights S3 50: 120-140 lbs.. $1.80; sows $1.70. Sheep 500: better grade spring lambs 25c lower; plainer kinds fat sheep and old crop clipped lambs mostly 50c off; bulk better trucked in: springers $10.75; throwouts S7O 8: medium to good old crop clipped lambs S6O 7: fat clipped ewes mostly S2O 3: later price paid only for choice kinds weighing 120 lbs., down. Evansville Pastor Dies By United Press EVANSVILLE. Ind., May 11.—The Rev. J. Clarence Waltz, 53, president of the Indiana synod of the United Lutheran church and pastor of St. Mark's English Lutheran church, died in a Vincennes hospital today, from a throat infection.

Wheat Output Estimated at 461,471,000 Bushels

Condition of Corn Crop at 74.3 Per Cent, Says U. S. Report. By United Press WASHINGTON. May 11.—The agriculture department today estimated winter wheat prodetion this year at 461.471,000 bushels, reflecting drought and insect ravages of the past month in t.te wheat belt. The indicated harvest on April 1 was 491.793,000 bushels. Condition of the crop at that time was estimated at 74.3 per cent of normal, compared with 59.4 per cent on April 1, 1933. Last year's winter wheat yield was 351,030,000 bushels, and a five-year average, 1927-31, was 632,061,000 bushels. Rye production, the department estimated, will approximate 27,906.000 bushels compared to 21,184.000 bushels last year and 40,639,000 bushels in 1932. Wheat Condition Shown The department estimated that 34,725,000 acres of winter wheat, yielding 13.3 bushels an acre, would be harvested this year compared to 28.420,000 acres, yielding 12.4 bushels an acre, harvested in 1933. The condition of the winter wheat crop as of May 1 was 70.9 per cent of normal compared to a condition of 66.7 per cent on the corresponding date last year, the department reports. Approximately 41,000,000 acres, the department said, were sown to winter wheat last fall, of which 15.3 per cent has been abandoned. In the fall of 1932, 42.692,000 acres were cultivated, of which 33.4 per cent was abandoned before the 1933 harvest. Rye Production Up Rye crop statistics reported by the department included; Indicated harvest 2,951,000 acres, yielding 9.5 bushels an acre, compared to a 1933 harvest of 2,352,000 acres, yielding 9 bushels an acre; May 1 condition, 67.8 per cent of normal compared to 75.6 per cent last year; acres sown in the fall of 1933, 5,091,000, compared to 4,439,000 sown in the preceding fall. The department placed the May 1 condition of the hay and pasture crops at 69.9 and 66.2 per cent of normal, respectively, compared to 75.3 and 71.5 per cent on the corresponding date of 1933, Stocks of hay on farms on May 1, said the report, totaled 7,453,000 tons compared to stocks of 10,671.000 tons on May 1, last year. The stocks represented 10 per cent of the 1933 hay crop.

Produce Markets Delivered In Indianapolis Prices—Hens, 11c; Leghorn hens, 9c; Leghorn springerstags, 6c; large springer-stags, 9c; cocks, o 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. 2,25026 c; butterfat. 20c.— Quoted by Wadley. (By United Press) CHICAGO. May 11.—Eggs—Market, unsettled; receipts. 27,323 cars; extra firsts, 16%c; fresh graded first* 16%c; curent receipts, 14%c; dirties, 14c; checks, 14c. Butter—Market, firm: receipts 146,687 tubs; extra firsts <9O-91% score: 23@23%c; firsts (88-89% score), 22H©22%c; seconds )86-87% score), 21%c; extra (92 score), 23%c; specials. 24@24%c; standards, 23%c. Poultry Market, steady: receipts, 35 trucks. 1 car due; Pens. 13%c; old roosters. 8c; geese, 6%c; broilers, Leghorns, 19 @22c; turkeys, 18c; heavy ducks, spring 13%c: light ducks, lie; fryers and springers, Plymouth Rocks, 26c; Leghorns, 12c; capons unquoted. Cheese—Twins 11 3 , © 12%c; longhorns, [email protected]: daisies, 12V40) 12%c. Potatoes—Old stock; supply moderate; demand and trading slow; market, dull; Idaho Russets 4 cars, $1.45; Washington Russets, combination grade, 1 car $1 30; Colorado McClures; poor color. 1 car $1.32%; Wisconsin Round Whites, unclassified. 1 car 80 cents; Minnesota Round whites, partly graded. 13 cars 85 cents. New Stock —Supply moderate; demand and trading slow'; market barely steady; Louisiana triumphs 1 car $2; 2 cars. $2.20; 2 cars. $2.25; 2 cars, $2.40; U. S. No. 2. i car. $1.15. NEW YORK. May 11.—Potatoes—Easier; Long Island, [email protected] barrel; southern, 50c®54.25 barrel: Maine, $1.1003 barrel; Canada, $1.7501.85 barrel. Sweet potatoes —Steady: Jersey basket, 60c©$2; southern basket, $1,60 0)1 65. Flour—Firmer; springs: patents. $6,750)7 barrel. Pork—Steady; mess, $20.25 barrel. Lard—Firm; Middle west spot. $4.05©4.15 per 100 lbs. Dressed poultry—Quiet; turkeys. 12@26c; chickens, 10 0 27c: broilers. 17©27c; capons. 21©34c; fow'ls, 14019 c; Long Island ducks. 15©16c. Live poultry —Steady; eegse, 6© 7c; turkeys, 10018 c; roosters, 10c; ducks, B©l2c; fowls, 15018 c: chickens. 11c; capons, 22c; broilers, 12© 23c. Cheese—Firm; state whole milk, fancy to specials, 18© 19c. ! Butter—Receipts, 9,811 packages; market, I firmer; creamery, higher than extras, ! 25%©26%c: extra, 92 score. 25©25%c; : first, 90-91% score, 24%024%c: first, 88- i 89 score, 23%©24c. Eggs—Receipts. 17,248 i cases; market, steady; special packs, including unusual henery selections, 19© 20%c; standards, 18@18%c; firsts, 17© j 17%c; seconds, 16%c; mediums, 15%c; | dirties, 15 3 4 c: checks. 15@15’/4c; storage j packs, 17%c. CLEVELAND, May 11.—Butter—Market, I firm: extras, 27%c; standards, 27%c. Eggs j —Market, steady; extra white, 15c; current | receipts, 14%c. Poultry—Market, steadv: colored fowl. 6 lbs. and over, 14c: colored i fowl medium. 16c; Leghorn fowl. 3% lbs. I and up, 14c; Leghorn fowl light. 12c; broilers colored ordinary, 23024 c; Leg- 1 horn. 21©22c: broilers Leghorn light, 18© ‘ 20c: old roosters. 10c; ducks (white, 5 lbs. and up. 15c; ducks light old, 13c; broilers 1 fancy cocks. 27© 28c. Potatoes—Florida $5 50(05.65 per bbl.; Maine. $1.8001.85 per 100-lb. sack; Idaho. $1.7501.85 per 100-lb. sack; Ohio. $1.50 01.60 jer 100 lb. sack; very few higher. On Commission Row —Mav 11— —Fruits— Apples—New York Baldwins, fancy, $1.75 up; fancy Ben'Davis, $2.85<03; fancy Winesaps, [email protected]. Cherries —California. 15-lb. bag. $2.75 03. Oranges—California Sunkist, $3.2504.25; Floridas. $3.5004. Lemons—Sunkist. $6; Red Ball, $5.50. Grapes—South American, crate, $3. Grapefruit—Florida, seedless, $3.75(04.25. Strawberries—Louisiana. 24-pt. crate. $1.75 02; Alabama. 24-qt. crate, $2 5003. 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; Vi 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, SO-lb. bag. $1.25. Potatoes—Northern round white. 100-lb bag. $1.75; Red River Ohios. $1.75: Maine Green Mountain. $2.10; Colorado McClures. $1.90; Idaho Russets, $2; Nebraska Tnumphs, 100-lb. bag. $1.85: New Texas Triumphs. $1.75. Sweet Potatoes—Tennessee Nancy Halls, crate. S2. Asparagus—Home grown, dozen. 35 0 60c. Beans—Round, stringless, $2.5002.75. new lima. $4 75 Beets—New Texas, 3-dozen crate, $1.75. Carrot.i—California. 6-dozen crate. $3; bulk, new. $1.65. Cauliower—California. $2. Lettuce—Hot house. 15-lb. basket. sl.lO. Iceberg, best, $4.50 0 5.50 a crate. Peas—2 B-lb. hamper, $1.5001.75. Radishes—Hot house buttons, 60c dozen. Rhubarb—Home grown, dozen.3oc. Spinach—Home grown, bushel. sl. Tomatoes—Repacked. 10-lb. carton, $1.50; original Mexican. 30-lb. lug.. $3.50. CHICAGO FRUIT MARKET (By United Press) CHICAGO. Mav 11.—Apples. Baldwins. $2: spies. $1.750 2. Carrots. Illinois 65© 75c bushel. Spinach. Illinois. 40@60c bushel. Beans, southern green, $1.250 2.25; wax. $1.50 0 2 50. bushel hampers. Cucumbers. Central western hothouse. $1.50@ 225 12 doz„ to box>. Tomatoes. Florida. $1.50 0 3.25; lug box Sweet potatoes, Tennessee. $1.600 1.65 bushel hamper. Mushroom. Illinois. 17%©42%c db. carton'. Asparagus. Illinois. 250 40c flat crates. Onion market (50 lb. sacks) Texas yellow. $101.05; Texas whites. slOl.lO. Greenfield Druggist Succumbs GREENFIELD. Ind., May 11.— John J. Early, Greenfield druggist, a past commander of the Indiana Kiwanis Club, died last night after an illness of two years.

Cash Grain

INDIANAPOLIS —Mav 10— The bids for car lots of grt in at. the call of the Indianapolis Board of Trade f. o. b.. shipping point, basis 41 %c New York rate, were: Wheat—Strong: No. 1 red. 82%®R3%c: No. 2 red 80%®82%c: No. 2 hard. 80%n 82 %c. Corn—Strong; No. 2 white 48®50c: No 3 white. 46?) 48c: No. 3 vellow. 45%'n 47%e; No 3 vellow 44%®46%c; No 2 mixed. 44%®45%c; No. 3 mixed. 43%® 45 %c. Oats—Strong: No. 2 white. 34®35e: No. 3 white. 33®34c —lnspections Wheat—No. 3 red. 1 car. Total. 1 car. Corn—No. 2 white. 2 cars: No 3 white, i 2 cars: No. 2 vellow. 7 cars; No. 3 vel--1 low. 5 cars: No. 4 vellow. 1 car: No 5 ! vellow. 1 car: No. 3 mixed. 1 car. Total. | 19 cars. ! Oats—No. 2 white 2 cars: No. 3 white. ; 3 cars: No. 4 while. 1 car; sample | white. 1 car. Total. 7 cars. laical Wagon Wheat City grain elevators are paying 77 cents for Ko. 2 soft red wheat. Outer grades on their merits. (By United Press) CHICAGO. Mav 10.—Cash grain: Wheat —No. 3 hard, weerily, 86%c; sample grade hard. 85%c. Corn —No. 2 mixed, lake billing. 49%c; No. 4 mixed, mainly white. 50%c; No. 2 vellow, 49%®50c; No. 2 yellow old, 49%®51c; No. 2 yellow, lake. 49* ic: No. 3 vellow. 49%c: No. 2 white. 53%c: No. 2 white, old lake, 54%c. Oats—No. 2 white. 36® 37%c: No. 3 white, 35®36c; No. 4 white. 34®34%c. Rye—No sale. Bariev —74®79c: quotable. 42®82c. Timothy— *6.25®6.50. Clover seed—*9 75® 13.25 Cash provisions—*5.95; loose, $5.57; leaf. $5.50: bellies. $7.87. TOLEDO. May 10.—Grain close: Grain in elevators, transit billing: Wheat—No. 2 red. 91®92e. Corn—No. 2 yellow. 55% ®56%c. Oats—No. 2 white. 42® 43c. Rye —NO. 2. 66%®67%c. Track prices, 28%c rate: IVheat —No. 1 led. 87®88c; No. 2 red, 86®87c. Corn—No. 2 yellow. 51®52c; No. 3 yellow. 50®51c- No 4 yellow 49® 50c. Oats —No. 2 white, 38%®40c: No. 3 white. 38®39%c. Toledo seed close: Clover —Cash, $8.25. Alsike—Cash. $8.50. NEW YORK. Mav 10.—Cash grain: Wheat—No. 2 red. $1.05%; No. 2 hard winter. $1.06%. Corn—No. 2 mixed, 57%c. Oats —No. 3 white. 46%c. N. Y. Coffee, Sugar Futures —May 10— COFFEE Santos High Low Close March 11.27 Mav 10.62 July 10.72 10.70 10.71 September 11.11 11.08 11.08 December 11.15 Rio January .... 8 47 March 8.50 Mav 8,12 ! September 8.35 830 835 | December 8.43 j SUGAR High Low Close January 1.72 1.71 1.72 March 1.78 1.74 1.77 May 1.54 1.51 1.54 July 1.59 1.54 1.56 September 1,65 1.60 1.64 December 1.75 1.67 1.71 In the Cotton Markets —May 10—CHICAGO High. Low. Close. January 11.84 11.65 11.80 March 11.93 11.75 11.91 Mav 11.35 July 11.50 11.27 11.41 October 11.70 11.42 11.61 December I|.Bo 11.5’4 11.76 NEW YORK January 11.76 11.55 11.74 March 11.85 11.64 11.85 Mav 11.28 Julv 11 45 11.22 11.40 October 11.61 11.38 11.56 December 11.73 11.49 11.70 NEW ORLEANS January 11.75 11.63 11.71 March 11.84 11.66 11.81 Mav 11.25 Julv 1143 11.21 11,40 October 11.59 11.36 11.54 December 11.72 11.47 11.65 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 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 b *5 Pocahontas mine run 7.25 New River smokeless 8 25 West Virginia lump 6.75 West Virginia egg 6 50 Island Creek 7.00 Extra charge of 50c a ton for wheeling coal, and *1 a ton for coal carried to Fin. Canadian Clearings Climb By Times Special MONTREAL, May 11—Thirtytwo Canadian cities during the week ended May 3 reported bank clearings amounting to $384,857,328, against $351,704,667 in the same period of 1933.

|WE BUY AND SELL: U. S. Government Bonds U. S. Territorial and Insular Bonds Indiana Municipal and Gravel Road Bonds Land Bank Bonds Home Owners' Loan Corporation Bonds \ Bonds and Stocks of Indiana Corporations \ General Market Municipal and Corporation Bonds 1 Indianapolis j Bond and Share Corporation 129 East Market Sfreef Felephone Riley 455!

JCeli-teb ptonms & (poamary investment Securities Dealers in General Market Securities CMTIN£NTAL INDIANAPOLIS tclephon* BUILDING RILEY 3321 Abbott, Hoppin & Company ZO3 Continental Bank Bldg. RI ley 5491 1 eSTufgh MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange. Inc. New York Coffee and Sugar Exchange. Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. Woolling

.MAY 11, 1934

BULLISH REPORT CARRIES WHEAT PRICESUPWARD Dust Storms Continue Over Entire Grain Belt as Rain Hopes Fade. BY HARMAN W. NICHOLS United Prc*s Staff Correspondent CHICAGO. May 11. Traders construed the official government crop report issued late yesterday as bullisli and wheat prices took another sharp swing upward at the opening of the Board of Trade today. Wheat was 1% to 2% cents higher, corn was unchanged to % cent up. oats were % to cent higher, rye was up % to \ cent, and barley was 2% cents higher. No rain was reported overnighf. and the dust storms continued to blow over the entire grain belt. Stocks and cotton offered no support, stocks being irregula. ’.nd cotton slightly easier. Chicago Futures Range —May 11— uh*at— Prev, ~ High, Low. 10 00. close. May 93 ,91'a .92% 90% July 91% .89% .90% .88% Sept 92 .90% .91' 2 .89% Corn— May 49% .48% .48% 48% July 51% .50’* .51 .51% Sept 53 .52% .52% .52% Oats— May 37% .36*4 .37% .36% July 36*4 .35% .36% .35% Sept .36*4 .35*2 .36 .35% Rye— May .60*4 July 61% .80% .61% .61 Sept 62% ,61 s * .62 .61% Barley— May .46 .44% July 48 .47 .47*2 .45*4 Sept 49*4 .48% .48% .46% CHICAGO PRIMARY RECEIPTS —May 10— —Bushels— Today. Last week. Wheat 414,000 217.000 Corn 187,000 230,000 Oats 212,000 121,000 MOTOR SALES INCREASE Demand for Marine Engines Pass Previous Year Figures, By Times Special WILLIAMSPORT, Pa., May 11.— Announcement was made today by the Lycoming Manufacturing Company that more Lycoming marine engines have been sold the first four months of 1934, both from a standpoint of units and of dollar value, than in the entire twelve months of 1933. This favorable showing, according to Z. H. Whiteman, sales manager for Lycoming, is indicative of a general improvement in business conditions and a resulting wider interest in motor boating. Shoe, Boot Production Up By Times Special WASHINGTON, May 11.—Boot and shoe production during February soared to 15.1 per cent above the previous month of the year, the department of commerce reported.

BREED, ELLIOTT & HARRISON Established 1912 1115 circle tower GOVERNMENT BONDS FEDERAL AND •JOINT STOCK LAND BANK BONDS HOME OWNERS’ LOAN CORPORATION BONDS HEAL ESTATE PREFERRED STOCK AND BONDS INVESTMENT TRUSTS BUILDING * LOAN STOCKS Investments and Investment Service Wm. E. Shumaker & Company, Inc. 140 K Circle Tower LI-8354 B nU * RETIREMENT INCOMES JOHN A. CARNEY Lincoln Nat’l Life Insurance Cos. 914 Continental Bldg. V—■ BE SAFE Injure Vonr Car Today State Automobile Insurance Ass’n. LI. 85*1. 7th Floor. Occidental Bldg.