Indianapolis Times, Volume 46, Number 12, Indianapolis, Marion County, 25 May 1934 — Page 44

PAGE 44

Wall Street Roosevelt Proposes Tax of 50 Per Cent on Silver Profits. BY RALPH HENDERSHOT limns Special Financial Writer 4 PRESIDENT ROOSEVELT seems to have outsmarted the socalled silver bloc in the senate. As a compromise he proposed a silver program in his message to congress which will not be inflationary unless he wishes to make it so and which is likely to depress rather than to stimulate the price of the metal itself. In

other words, he seems to have traded them right down to their collar buttons. The President proposes a tax of 50 per cent on profits accruing from dealing in silver. If congress follows that proposal silver trading is likely to stop altogether. Few people are likely to risk their

Hendershot

money in such operations when they stand to take all of the possible losses and to share half of their possible profits with the government. Moreover, those who hold silver contracts are likely to dispose of them unless some provision is made in the proposed bill to protect them against payment of the tax. And if they do sell the government probably would be able to buy at its own price, since it would be the only bidder outside of the arts and crafts, which usually buy in the spot markets. Those who use the futures markets for hedging purposes would be likely to find such operations too difficult to continue. a b n IT is reasonable to suppose, of course, that at some later date the government will be able to show a nice paper profit on its silver purchases, just as it has on its gold and Liberty bond purchases. These profits no doubt will come in handy, though, in wiping out some of the debts which have been incurred during the last year. In his message the President made a statement which would indicate that he may still be determined to raise commodity prices, possibly through inflation. He said that “we should move forward as rapidly as conditions permit in broadening the metallic base of our monetary system and in stabilizing the purchasing and debt-paying power of our money on a more equitable level.” b b b THE government is permitted to pay as high as 50 cents an ounce for silver in this country, but it is not obliged to pay that much. The present price is around 45 cents an ounce, so the chance for price appreciation is not great. And the cheaper it makes its purchases the greater will be its profits, and if past performances count for anything it is unlikely to pay more than it is obliged to. The silver it has bought thus far has been in depressed markets, and it has been charged with having brought about the depressed markets. That the government places silver alongside of gold as a monetary base does not necessarily mean that the amount of currency issued or outstanding will be increased. It merely means that the backing of our currency will be made firmer, ti one is willing to admit that silver is useful for that purpose. It means, too, of course, that more currency could be issued without exceeding the legal limit than is the case now. The legal requirement is 40 per cent, and we now have a reserve of nearly 70 per cent, so we are a long way from the danger line. The silver addition would bring our reserves up to around 90 per cent, or more than twice the legal requirements.

On Commission Row —May 25 —Fruits— Apples—Fancy Ben Davis. Indiana. $1.75; fancy Winesaps. $2.15®2.50. Cherries—California. 16-lb. lug. $2.50. Oranges—California, Sunkist [email protected]; Red Ball. [email protected]. Lemons—Sunkist. $6.75: Red Ball. $6.25 Grapes—South American, crate. $3 Grapefruit—Florida. Seedless, $3.7504.25. Strawberries—Aromas. 24-qt. crate. $3 25: Blakemires and Premiers $2.50: Klondvkes $2.25; southern Ind., 24-qt. crate, $1.50® 2 25 Melons—Argentina Honevdews. $3. Cantaloupes Pony crate. $2 25®2.50Jumbos. 455. $3.25; standards. s2@3. Pears—Calavos. $4 per box. Pineapples—Cuba, all sizes, crate. $3.25. Bananas—Per pound, c Raspberries. Cal.. 12; % nts.. $2.0. —Vegetables— Cabbage—Mississippi, 50-lb. bag. $1.35 Florida red. $2.50 per hamper. Celery—Florida. $4.50 a crate, mammoth bunch. 90c: medium bunch. 60c hearts, dozen bunches. $1.25. Oniofis—lndiana vellow. 50-lb. bag. 75c Potatoes—Northern round white. 100-lb bag. $1.65; Red River Ohios, $1.65; Maine Green Mountain. $2; Colorado McClures. $1.80; Idaho Russets. $1.80; Idaho Rusests 100-lb. bag. $1.90; New Texas Triumphs. $2.10. Sweet Potatoes—Tennessee Nancv Halls, crate, $2. Asparagus—Home grown, dozen. 60c® $1.25 Beans—Round, stringless, $10125. Beets—New. 65c a dozen. Carrots—California. 6-dozen crate. $2.50: bulk, new, $1 60. Cauliflower—California. $1.90 Lettuce —Hot house, 15-lb. basket, 85c; Iceberg best. $4.25®5 a crate Peas—2 B-lb. hamper. $2.75. Radishes—Home grown buttons, 20® 25c a dozen. Rhubarb—Home grown, dozen. 30c. Spinach—Home grown, bushel. 65c. Tomatoes—Repacked. 10-lb. carton. $1.50: original Mexican. 30-lb. lub.. $3.50. CHICAGO FRUIT MARKET (By United Pressi CHICAGO, May 25.—Fruit and Vegetables—Apples—Michigan Spies. $1.85® 2 a bushel. Carrots —Illinois, 75® 85c a bushel. Spinach—lllinois. 40® 90c a bushel. Beans —Southern green and wax. sl® 1.25 bushel hampers. Cucumbers—Central western hothouse. 75c®51.50 (2 doz. to box) Tomatoes—Texas, [email protected] lug box. Sweet Potatoes—Tennessee. $1.85® 1.90 bushel hampers. Mushrooms—lllinois. 10c© 45c (lb. carton). Asparagus—lllinois, 75c@ $1.25 a box. Strawberries—lllinois. $1 50@ 2.25 (24 quart). Onion Market (50-lb. sacks)—Texas yellows. 75c© $1; Texas whites, 75c©$l; California whites. $1.05® sl.lO. POLICE”ARREST CLERK IN BLACKMAIL ATTEMPT Youth Admits Threats in Effort to Collect SSOO. By United Press NEW YORK. May 25.—A police trap snapped shut on a young shipping clerk today when he opened a Times Square subway station parcel box and picked up a package left by Benjamin Feldman, manufacturer, under threat of his son’s kidnaping and his wife’s murder. Nicholas Garafola, 23, confessed, police said, to authorship of two threatening letters to Mr. Feldman, demanding SSOO and ordering Mr. Feldman to deposit a package containing SSOO in the subw'ay parcal box and leave the key on top of a chewing gum slot machine near it.

STOCK SHARES DULL, UNEVEN IN NARROW RANGE Liquidation Again Reduces Steel Prices; Silver, Cotton Steady. BY ELMER C. WALZER United Press Financial Editor NEW YORK, May 25. Stocks opened dull and irregular in a narrow range, while silver and cotton futures were steady. Bonds were mixed and quiet. Steel issues were again the target of sellers. Republic opened at 15%, off ■%; Bethlehem 32*2, off Vs, and United States Steel 39%, off %. Fractional losses were noted in New York Central, Electric AutoLite, Mclntyre Porcupine, Texas Corporation, United States Smelting, Socony-Vacuum, Columbia Gas, General Electric, Commercial Solvents, Du Pont and Consolidated Gas. Union Carbide gained % to 39% and smaller advances were noted in Anaconda, National Power and Light, Standard Oil of California, Corn Products and Standard Brands. Chrysler and General Motors were unchanged. During the early trading the market was almost static. Prices held around opening levels. There was little in the news to affect the market, which continued to be ruled by Washington uncertainties.

Money and Exchange INDIANAPOLIS BANK CLARINGS —May 25 Clearings $1,723,000.00 Debits 4,566,000.00 FOREIGN EXCHANGE (By Abbott, Hoppin '& Cos. —May 24 Close. Sterling. England $5.09% Franc. France 0661% Lira. Italy 0852 Belgias Belgium 2343 Mark. Germany ~ 3943 Guilder. Holland 6788 Peseta. Spain 1371 Krone. Norway 2560 Krone. Denmark 2276 Yen. Japan 3020 Treasury Statement (By United Press) WASHINGTON. May 25.—Government expenses and receipts ot the current fiscal year to May 23. compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $6,291,353,212.50 $4,604,306,733.79 Receipts . 2,684,319,411.84 1.762.932.933.87 Deficit ■ 3.607,033,800.66 2.841,373.799.92 Cash bal.. 2.062,970.688.96 Investment Trust Shares (By Abbott. Hoppin & Cos.) —May 24 Bid. Ask. American Bank Stocks Corp.. 1.14 1.16 American & General Sec A.. 4.00 5.00 American & Inv Tr Sh 1.75 . Basic Industry Shales 3.17 3.27 British Type Inv Tr Sh 47 .52 Collateral Arustee Shares A... 4.37 4.62 Corporate Trust Shares (old) . 1.97 2.00 Corporate Trust Shares (new) 2.21 2.25 Cumulative Trust Shares . ... 3.74 Diversified Trust Shares A... 6.25 ... Diversified Trust Shares B . 7.22 7.42 Diversified Trust Shares C .. 2.96 3.00 Diversified Trust Shares D .. 4.37 4.62 First Insurance Stock Corp ... 1.22 1.26 First Common Stock Corp ... .63 .67 Fixed Trust Oil Shares A ... 7.75 8.00 Fixed Trust Oil Shares B ... 6.75 6.00 Incorporators Investments.... 16.76 18.02 Land Bank Bond Shares .... 1.17 1.30 Low Priced Trust Shares .... 5.77 5.87 Mass Inv Trust Shares 17.99 19.55 Nation Wide Securties _J.I7 3.20 North Am Trust Shares (53 > 1.78 No Am Trust Shares (55-56). 2.23 2.25 North Am Trust Shares (58).. 2.18 2.22 Selected American Shares 1.10 1.19 Selected American Shares Inc 2.41 .... Selected Cumulative Shares .. 6.25 .... Selected Income Shares ... 3.25 3.75 Std American Trust Shares A 2.74 2.80 Trust Shares of America .... 2.52 2.57 Trustee Std Oil A 5.40 5.60 Trustee Std Oil B 5.85 5.95 U S Electric Lt & Pr A 12.25 12.50 Universal Trust Shares 2.82 2.92 Daily Price Index (By United Press) NEW YORK. May 24.—Dunn & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press: (1930-932 average, 100) Today 109.03 Yesterday 109.14 Week ago 109.23 Month ago 105.43 Year ago (May 25) 88.82 1934 High (March 12) 110.24 1934 Low (Jan. 3) 101.05 (Copyright. 1934. Dun & Bradstreet. Inc.) Bright Spots "■ ”(Bv Abbott. Hoppin & Cos.) —— General Railway Signal Company declared a regular quarterly dividend of 25 cents a share, pavable July 1 to stockholders of record June 1. New York Telephone Company reports net income for April was $3,649,157, against $2,801,361 for the corresponding month in 1933. Pacific Lighting announce regular quarterly dividend of $1.50 on 6 per cent cumulative preferred stock payable July 16 to holders of record June 30. Great Western Sugar Company declare regular quarterly dividend of 60 cents on common stock. Norfolk A Western Railway car loadings for the week ending May 29 were 22,295 cars, against 22,213 in the previous week. United Corporation declared dividend of 75 cents on the preferred stock.

STEEL INGOT OUTPUT DIPS THREE POINTS Mills Operating at 58 Per Cent of Capacity. B<j Times Special CHICAGO. May 25.—Steel mill production of ingots during the last few weeks, due to several adverse factors, has decreased three points to 58 per cent of capacity, according to the Iron Age. A reduction in the output of automobiles and the continued drought in many sections, which has curtailed farm implement manufacturing, have both proven unfavorable factors in the production of steel products. On the first of June steel producers will open their books for the third quarter and a few price revisions are likely. Future plans, it is learned, are to raise cold finished steel bars $3 a ton. Scrap steel prices which have been falling for several weeks in practically all centers are quoted at $11.25 a ton by the Iron Age, anew low for more than a year. 8 BARRELS OF MASH SEIZED BY OFFICERS Truck Driver Arrested; Says It Doesn’t Belong to Him. An echo of the departed days of prohibition was heard early today when police seized a -.ruck containing eight barrels of mash and arrested the driver. Wilbur Geisking, 17, R. R. 7, Box 84, the driver, said he did not know to whom the truck belonged and that he had been hired by a stranger to drive it. He was charged with vagrancy and no driver’s license. ▲ i

New York Stocks “ Hv abbot) Hoppin \ ''o 1 AVERAGE STOCK PRICES FOR THURSDAY High. Low. Close, change Thirty industrials 94.08 92.57 93.37 +.51 Twenty rails 42.92 42.40 42.75 +.38 Twenty utilities 23.01 22.69 22.88 + ,19 Forty bonds .... 93.96 —.03 Ten first rails .... 100.87 + .22 Ten second rails .... 81.00 —.21 Ten industrials •••• 96.45 —.15 -Off. +Up.

—May 25 Prev. Oils— High. Low. 10:00 close. Amerada 48% Atl Rfg 24 21% Barnsdall 8 7% Consol Oil 10% 10% Cont of Del 20% 20 Mid Cont Pet 12% 12Vi Ohio Oil 11% Pet Corp 11'i Phillips Pet 18% 18% Plymouth Oil 12 12% Pure Oil 10% 10% Sbd Oil 32 Shell Un *% Skelley Oil . ■ J% Soc Vac laVi 15% S O of Cal 32 % S O of Kan 38% S O of N J ■ 42% Texas Corp ... 23% 23's Tidewater Assn 12% Un Oil of Cal 16 Steels— Am Roll Mills. 17% 18 Beth Steel 32% Byers AM ... ... 21 Col Fuel & Iron 4 Cruc Steel 23% Inland Steel 35 35 McKeesport Tin. 85 Mid Steel 12% Natl Steel 40% Otis Steel 4% Rep Ir &St 16% 16% Rep Ir & St pfd 44% U S Pipe & Fay. • -• ••• 22 U S Steel 40 39% 4040 U S Steel pfd *5 Youngstwn S & T 1> Motors— Auburn • ••„, 33% Chrysler 38% 38% 38% 38*% Geri Motors .... 32 31% 32 31%, Graham Mot .... ... • ■ 2% Hudson 13% 13%' Hupp ••• 3% 3% Mack Truck 25% Nash 16% 16% Packard 3 7 /s 3% Reo 3% Studebaker • 5 Yellow Truck 4% 4% Motor Access— Bendix 14a/. Bohn Alum Borg Warner 22% 22 pfwh, ::::: ::: ::: $ l?Mo‘ g Lite -: 21% '20% '20% 21% Houdaille A 4Vi Mullins Mfg pfd < Stew Warner *% Timken Roll Timken Det Axel 6% Mining— Alaska Jun ••• I 9 1® Am Metals 23,4 Am Smelt ... 38% 38 4 Anaconda 14V* 14 s Cal & Hecla 4% Cerro De Pasco •• 34 , B Dome Mines 37% 37% Gt Nor Ore 11'% Howe Sound 49 % Int Nickel 1 26% 26% 26% 24% Kennecott Cop • 19% 19% Mclntyre Mine 44 44% Noranda Cop 42% Park Utah 4% Phelps Dodge lg% U S Smelters 116 117 Vanadium 19 V* Amusements — Fox Thea 14% Loews Inc 31% 30% 30% 31% Radio Corp 7% 7% RKO 3 Warner Bros 5% Tobaccos— Amer Snuff 57 Am Sum Tob 17 Am Tob (A) .. ... 68 67% Am Tob (B) ... Gen Cigars ••• 37 % Lig & Myers B . .. ... 93% 93 Lorillard 17 17 Reynolds Tob B 43 Vs 43% Rails— Atchison 53% Atl Coast Lines. 39% B&O 23% Can Pac . ■ • • ■ • 15% C'h & Ohio ... 45 44% 45 44% Chi & Gt W 3 C M &St P 5 C M & St P pfd 8 Chi N W 9% 9% Dela & Hud 50 Dela Lac & W 22 Erie IBV4 Erie pfd .• ■ 22% 21% Grt Northern pf 20 Vi 20 Vi 20 20% 111 Central 23% 23 23% 24 K C Sou 14 Lehigh Valley 15 % Lou & Nash 51 Vi M K & T pfd 22% Mo Pac 4% Mo Pac pfd 6 N Y Cent 27% 27 27% 27% N Y Chi & St L 19% N Y Chi & St pf 35% N Y New Haven .. ... .. 15 N Y Ont & West 7Vi 7% Nor Pac . ■ 24% Penn R R 30 29% 29’ i 30% Sou Pac 21% 21% 21% 21% Sou R R 24% 24% Union Pac 120% Wabash 3% West Maryland 11 Equipments— Allis Chalmers 16% 16 Am Car & Fdy 20 20% Am Loco - ••• 24 Am Mach & Fdy 14% 14% 14% . Am Steel Fdy 15% Bald Loco ..... ... 10% 10% Bald Loco pfd 45% Burroughs 13 12% Case J I 48Vi 48% Cater Tract ...... ... . 27% Deere & Cos 20 20% Elec Stor Bat 41% Foster Wheeler 14% Gen Am Tk Car 35 % Gen Elec 19% 19% Ingsol Rand . • 15 Vi . Int Harvester .. 31% 30Vi 30% 31% Natl Cash Reg 15% Pullman Inc 49% 49’4 Rem Rand '. 9% Und -Elliot 40% West Air B 27% Westingh Elec ... 33 Utilities— Am & For Pwr ... 7% Am Pwr & Lit • • • 7% AT&T .. 113% 112% 113% 113 Am Wat Wks 18% Col Gas & Elec 12% 12% Col G & E pfd 73% Com & Sou 2V* 2% Consol Gas 32% 32% 32% 323, Elec Pwr & Lot . 5% Int Hydro Elec 6 Int T & T 12 12% Nat Pwr & Lit 9% North Amer 16Vi 16% Pac G & E 17 Peoples Gas 30 Pub Serv N J. 36 So Cal Edison.. .. ... 16% 16% Std Gas 9% Std Gas pfd * ... 11 , Stone & Webster 7% United Corp 5 5 Un Gas Imp 15% 15% Ut Pwr & Lit A 7 Western Union 42% Rubbers— Firestone 18% Goodrich 13% Goodyear .. ••• 28% Kelly Spring .•■ 2% U S Rubber . 18% 18% 18% 18% U S Rubber pfd 45% 45% Miscellaneous— Am Bank Note 19 . •• Am Can .. ... 93 92% Anchor Cap , , 20 Brklvn Man Tr . . 39% 39Vi Conti Can 74% 74 74 74Vi Curtis Pub 23 Curtis Pub pfd 78 Eastman Kodak 95% Gillette ... ... 10% Glidden 25% Inter Rapid Tr 7% Owens oßttle ... 75% Foods— Am Sugar 53 Armour A 6% Borden Prod 24% 24% Cal Packing 30% Canada D G Ale . 12% Corn Prod 66 65% Crm- of Wheat 32Vi Cuban Am Sug Gen Foods ••• 31% 31% Gold Dust 19% G W Sugar 29% Loose Wiles 40% Natl Biscuit 34 34 Vs Natl D Prod 16% Purity Bak 13 S Porto Rico S 30 Spencer Kelog .. ... ... 20% . Std Brands . ... ■% 19% United Fruit 68Va Retail Stores — Asso Dry Goods 12Vi Best & Cos 29 First Natl Stores 64 Gimbel pfd 23 Hahn Dept Sts 5Vi Kresge SS _ 17% Kroger Groc 30 29% Macy R H 39% Marshall Fields 14% May Dept St 36 Mont Ward .... 24% 24% 24% 24% Natl Tea 12 % Penny J C ••• A 55Vi Safeway St ... . . 47% Sears Roebuck .. 40% 40% 40% 40% Woolworth .... 49 48% 49 49% Aviation — Aviation Corp .... ... 6% 6% Curtiss Wright ... ... 3% 3% Curtiss Wri (A) . . 10 Douglas Air 20% 19% 20% 20 Nor Amer Av ... 5 Speery Corp . ••■ 9% United Aircraft.. 21% 20% 21% 21 Wright Aero 51 Chemicals— Air Reduction 93% $3% Alied Chem 130 Vi Am Can Alchol 33% 33% Col Carbon 65 Va Com Solvents .. 22 Vi 22% Dupont 83% 82% 83% 82% Freeport Tex 39 'i 39 Math Alkali 29% Montoson Chem 43% 44 Natl Dis 1 new 1 24% 24% 24% 24% Scheneley Dist . 26% 26% 26% 26% Tex Gulf Sulph 33% 33 33 33% Union Carbide 39% 39% 39% 39 U S Ind Alcohol 38% Drugs— Coty Inc s'/a 6 Lambert ... 25% .. Un Drug 13% 15% 15V* 15%

THE INDIANAPOLIS TIMES

Zonite Prod 5% 5% Financial— Adams Exp * Allegheny Corp Am Int Corp Lehman Corp /a Transamerica ® Tr Conti Corp Building— * Am Radiator 1374 13% Gen Asphalt "... 17% 18 Int Cement 24% Johns Manville 47% Libby Owens Gls 30 Otis Elev .. ... 15% 15% Ulen Const 2’/a Household— Col Pal Peet 13% Congoleum ... • 25% Kelvinator 17 17 Mohawk Carpet 17 Proc & Gamble 34% Simmons Bed 16% Textiles— Belding Hem 11% 11% Celanese Corp 24% 25 Collins Aikman 16% Gotham Hose 7% Indus Rayon 23% 23% Kayser Julius ... 17 16% New York Curb (By Abbott. Hoppin & Cos.) —May 24Close 1 Close Allied Mills . 8 Glen Alden Coal 16 Alum C of Am 63'VGulf Oil of Pa 59 Am Cyanide B 18V4lHiram Walker.. 31% Am Gas & El 23 IHud Bay Min . 13 Am Superpower 2 s ,B!Humble Oil ... 42 Ass Gas & El . %jlmp Oil Ltd .. 14% Atlas Corp 10%|Int Petrol 26% British Celanese 3%lLake Shore Min 50% Cities Serv 2%! Natl Bellas Hess 3% Comonwith Ed 50% Newmont Min. 48 Consol Gofßalt 61%!Nia Hud Pwr.. 5% Cord Corp . .. SVilPenn Road ... 2% Creole Petrol 12%15t Regis Paper. 3 Crown Cork In 7% Sal Creek Prod 6% Deere & Cos .. 20% Std of Ind 26% Distillers Lim 22% Std of Ky 15% Distillers Corp 15% Technicolor Ind 11 Dow Chem ... 91 Teck Hughes G 6 El Bond&Sh .. 14 Vi Un Gas 2% Fisk Rubber ... 13 Wri’t Hargvs M 8% Ford of Europe 8% New York Bank Stocks (By Abbott. Hoppin & Cos.) —May 24 , Bid. Ask. Bankers 62 62% Brooklyn Trust 113 116 Central Hanover 126% 127% Chase National 28 28% Chemical 40% 41 National City 28 28% Corn Exchange 53 53% Continental 13 % 13% Empire 19% 19% First National 1,655 1,665 Guaranty 358 360% Irving 17% 17% Manhatten & Cos 30 30% Manufacturers 21% 22 New York Trust 101 102 Public 32% 33 Chicago Stocks By Abbott Hoppin Si Cos. —— —May 25 High. Low. 11:30 Bastian-Blessing 5% 5% 5V4 Borg-Warner 22% 22 22% Butler Bros ... 8% Berghoff 6% Cent & S West 1 Chicago Corp com ... 2% Chicago Corp pfd 25% Cities Service ... 2% Cord Corp ... 5 Iron Fireman 15 14% 15 Lynch Corp 35Vi 35 35% Middle West Utilities % Noblitt-Sparks Ind, Inc 13% Sears Roebuck 41 Swift & Cos 15% Swift Internacional 30 Zenith Radio ... 2% j Bond Prices (By Fenner & Beanei —May 25High. Low. 10:30 Alleg Corp 5s ’SO ... 38 Am&For Pwr 5s 2030 . 53% Atchison gen 4s ’95 102% 102 102% B&O cv 4%S '6O 64% 64% 64% Can Pac 4s '57 . 81% 81% 81% ChMStP&P ad 5s A 2000 13% 13% 13% ChMStP&P rs 5s A ’75.. 43% 43% 43% Det Ed 5s E ’52 . 107% Erie RR rs 5s ’67 71 70% 70% French 7s ’49 99% 99 99% Gt Nor 4'/ 2 s D ’76 94% Gt Nor 7s A ’36 67% McKees&Robb 5%s ’50.. 81 80% 81 Nat Dairy db 5%s ’4B .. 04% 93% 94 NY Ce.lt 4ViS O 2013 . 74 Para Pub 5%s ’SO .. 71% 71% 71% Penn RR 4%s D 'Bl.. 96% 96% 96% Poland 7s ’47 112 Vi 112% 112% Royal Dutch 4s A ’45.. .. ... 131 Shell Un Oil 5s ’47 98% Sin Cons 5%s B ’3B 98'4 Sin Cons 6%s B ’38.... 104.’/* 704% 104% Texas Corp 5s ’44 ...102% 102% 102% Tob Pr NJ 6 Vis 2022 105 Un Pac Ist 4s ’47 ..105% 105% 105% US Rubber 5s A ’47 84% Ygstwn S&T 5s B ’7O 83

U. S. GOVERNMENT BONDS (By United Press) NEW YORK. May 24.—Closing Liberties: (Decimals represent thirty-seconds! —Liberty—3'is (32-471 103.26 First 414s (32-47) 103.30 Fourth 414s (33-38) 103.31 —Treasury--4145. 314s (45) 103.3 414s (47-52) 111.30 3%s (43-47) 103.26 3%s (41-43), March 103.30 3%s (40-43). June 104.6 3 Vis (41) 103.23 3%s (46-49) 101.30 3s, 3(as (51-55) 100.26 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —May 24 Bid. Ask. 4s Noy. 1. 1957-37 100% 10114 4s May 1, 1958-38 100% 101 It 414s July 1, 1956-36 100% 101 Vs 414s Jan. 1. 1957-37 100% 1011a 414 s May 1. 1957-37 100% 101% 414s Nov. 1. 1958-38 10014 100% 4Vis May 1. 1942-32 100% 101% 4Vis Jan. 1, 1943-33 100% 101% 4Vis Jan. 1. 1953-33 lOOli 101 4Vis July 1. 1953-33 100% 101 oVis Jari. 1. 1955-35 100 3 /i 10114 4Vis Jan. 1. 1956-36 101% 101% 4%s July 1 1953-33 100% 101% o%s Jan. 1. 1954-34 100% 101% 4%s July 1, 1954-34 100% 101% 5s May 1. 1941-31 101% 102% 5s Nov. 1. 1941-31 101% 10214 —Home Loan—--4s July 1. 1951 100,26 101.00 —Federal Farm Mortgage Corporation—--3 Vis March 15. 1964-44 101.12 101.18 The two last quotes are in thirtyseconds. AUTO FINANCING GAINS Increase of 38 Per Cent Is Shown During Month. By Times Special WASHINGTON, May 25.—Retail financing of new passenger cars in April displayed a substantial increase over previous months, according to the department of commerce. The month’s increase amounted to 38 per cent above the preceding thirty days and 111 per cent over the corresponding period of last year. The Huge increase is based on figures of several financing companies which have been in continuous operation since 1929. STAMP CLUB TO MEET New Officers to Be Named at June 1 Gathering. New officers will be elected by members the Indiana Stamp Club, which will meet at 8 June 1 in the Lockerbie. Club members and their families have been invited to attend a chicken dinner at Waldron, Ind., June 8. Fire Reports Yesterday 6:58 a. m.. 1530 West Twenty-seventh, residence, $l5O loss. 7:58 a. m.. 3142 Rader, residence, no loss. 8:15 a. m.. 45 North Chester, shed. $25 loss. 12:45 p. m., Massachusetts and Pennsylvania, office building, small loss. 5:02 p. m„ 21 West Sixteenth, apartment, no loss. 7:41 p. m., 909 North East, residence, no loss. 8:42 p. m.. 224 North Meridian, office building, $l5O loss. Today 1:21 a. m.. west and Twelfth, false alarm.

PORK MARKET STEADY TO 5 CENTS HIGHER Cattle, Lambs Scarce and Unchanged; Vealers Turn Lower. Uneven price range marked early trading in the hog market at the local stockyards this morning, with most grades generally unchanged at the previous close. Several butcher classes moved around 5 cents higher. * Bulk of 160 to 250 pounds, sold from $3.40 to $3.50, while several good and choice weights were selling at $3.55 to $3.60. Slaughter pigs, scaling 130 to 160 pounds, brought $2.65 to $3.15. Light lights weighing from 100 to 130 pounds, were salable at $2 to $2.40. Receipts were slightly stronger at 7,000; holdovers, 942. Uusual Friday week-end clean-up trade prevailed in the cattle market with practically all classes scarce and fully stationary. Receipts numbered 400. Veal prices slumped 50 cents, selling at $6 down. Receipts w'ere 800. With only little action evident, lamb values continued to show a steady trading range. Shorn western kinds sold at $9, while springers ranged mostly from $8.50 to $10.50. Sheep cashed in at $1 to $2.50, few brought $3. Receipts were 700. Initial action in the hog market at Chicago was scarce with most prices unchanged. Bulk of 200 to 300 pounds, was bid in at $3.55 to $3.65. Receipts were estimated at 20,000, including 9,000 directs; holdovers, 3,000. Cattle receipts were 2,000; calves, 700; market unchanged. Sheep receipts were 7,000; market steady.

HOGS May Bulk. Top. Receipts. 19. $3.70@ 3.80 $3.80 2,000 21. 3.500 3.60 3.65 11.000 22. 3.45® 3.55 3.60 8,000 22. 3.450 3.55 3.60 8,000 24 3.40® 3.50 3.55 6.000 25. 3.40® 3.50 3.60 7,000 Market, steady. (140-160) Good and choice . ..$ 2.90® 3.50 —Light Weights—-(l6o-180) Good and choice ... 3.40 (180-200) Good and choice .. 3.45 —Medium Weights—-(2oo-220) Good and choice ... 3.50® 3.60 (220-250) Good and choice.... 3.50® 3.60 —Heavy Weights—-(2so-290) Good and choice.... 3.50® 3.60 (290-350) Good and choice .. 3.40@ 3.50 —Packing Sows — (350 down) Good 2.75® 3.00 (250 lbs.) Good 2.50® 2.90 (All weights) Medium 2.25® 2.75 —Slaughter Pigs—-(loo-130) Good and choice ... 2.00® 2.40 CATTLE Receipts, 400; 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® 9.00 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 1 yearlings excluded) Good (beef steers) 3.00® 3.75 Cutter, common and medium.. 1.75® 3.00 VEALERS Receipts. 800; market, lower. Good and choice $ 5.50® 6.00 Medium 3.50® 5.50 Cull and common 2.00® 3.50 —Calves ~ Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle— Good and choice 4.50® 6.00 Common and medium 3.00® 4.50 (800-1.500) — Good and choice 4.50® 6.00 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipts, 700; market, steady. (Shorn basis) Spring lambs $ 8.00011.00 (90-lb. down) Good and choice 8.50® 9.00 (90-100-lb.) Good and choice 8.25® 8.75 (500-lb. down) Com. and med. 7.00® 8.25 —Ewes— Good and choice 2.00® 3.25 Common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO, May 25.—Hogs—Receipts 20.000, including 9.000 directs; moderately active. 5 cents higher; 180-310 lbs., $3.50® 3.65; top, $3.65; pigs, $2.25 down: packing sows, $2.75; light lights, 140-160 lbs., good and choice. $2.90®3.45; light weights, 160-200 lbs., good and choice, $3.25 03.65: medium weights. 200-250 lbs., good and choice, $3.50®3.65; heavy weights, 250350 lbs., good and choice, $3.40®'3.65; packing sows, 275-550 lbs., medium and choice, $2.50®3.20: slaughter pigs, 100-130 lbs., food and choice, $2®2.90. Cattle—Receipts, ,000; calves, 700; most killing classes fairly active, strong; inbetween grades, yearlings and light steers around 25 cents higher than low time Wednesday; no heavy steers offered; best medium weights $8; bulk yearlings and light steers, $7.25 downward; very thin plain and dryweather Dakotas scoling 450-550 lbs., s2® 3 to country; vlearers steady to 25 cents off; bulk, $5®5.75; few select, $6.50; slaughter cattle and vealers. steers. 550900 Tbs., good and choice. $5,754(7.75; 9001,100 ibs.. good and choice, s6® 8.50; 1,1001.300 lbs., good and choice. $6.50®9.60; 1,300-1,500 lbs., good and choice, $7.25® 9.60: 550-1.300 lbs., common .and medium. s4®7; heifers, 550-750 lbs., good and choice. $5.25®6.50; common and medium, $3.25®5.25; cows, good, $3.75%5; common and medium, $2.5047 3.75; low cutter and cutter, $1.25®2.50; bulls lyearlings excluded). good (beef), $3®3.50; cutter, common and medium. $2,254(3.25; vealers, good and choice, $5.50®6.50; medium. s4® 5.50; cull and common, s3®4: Stocker and feeder cattle, steers, 550-1,050 lbs., good and choice, $4.75®>6: common and medium, s3® 5. Sheep —Receipts. 9,000; generally steady; good to choice spring lambs. $10.50 ©11; largely $10.75 up; heavies in demand at top of $11.25; clipped lambs, $8.65; shorn aged ewes, $1®2.50. according to kinds; slaughter sheep and lambs, spring lambs, good and choice, slo® 11.25; medium, $9.25®10; lambs, 90 lbs., down, good and choice, $8.25®8.65: common and medium. $6.75®8.25; 90-98 lbs., good and choice, $8.15®8.65; ewes, 90-150 Tbs., good and choice. $1.7502.50; ail weights, common and medium. sl@2. FT. WAYNE, May 25.—Hogs—5® 10c higher: 250-300 lbs., $3.55; 200-250 lbs.. $3.45; 160-200 lbs.. $3.35; 300-350 lbs.. $3.15; 150-160 lbs.. $3; 140-150 lbs., $2.75; 130-140 lbs., $2.50; 100-120 lbs.. $2; roughs, $2.50; stags. $1.25. Calves, $6; lambs, $lO. LAFAYETTE, May 25.—Market—Steady; 200-300 lbs., $3.35; 160-200 lbs.. $3,154(3.25; 140-160 lbs.. $2,654(2.90; 120-140 lbs., $2.15 ©2.40; 100-120 $1,751.90; roughs, $2.75 down; top calves. $5; top lambs, $8.50; spring lambs, sß® 9. (By Times Special) LOUISVILLE, May 25.—Cattle—Receipts, 225; including 69 direct; slaughter classes in light supply run includes load stockers, demand dependable for slaughter classes, market generally steady, bulk common to medium steers and heifers. $4.25© 5.25; good dryfed yearlings, quotable to $6.50; bulk beef cows, $2.75®3.50: good dryfeds to $4 and above for heifer types; low cutters and cutters, $1.25®2.50; sausage bulls. $3.50 down; bulk desirable light Hereford and Shorthorn stockers, $4.50® 5. Calves —Receipts. 450; steady; bulk better vealers. $4.50®;5; strictly choice. $5.50: medium and lower grades. $4 dewn. Hogs—Receipts. 1.200; 5c higher; 185-275 lbs.. $3.55; 275 lbs. up. $2.70; 160-185 lbs.. $3.30; 145160 lbs., $3.05: 120-145 lbs.. $2.20; 100-120 lbs.. $1.70; sows. $1.40. Sheep—Receipts, 2.000; market not established; .most early bids. 25c lower on spring lambs but sellers confidently holding for steady prices and asking $10.50 for bulk better trucked in ewes and wether, and up to sll for choice longhaul overnight and rail lambs: clipped lambs mostly $6.50 down; fat ewes, $1.50 02.50. Births Boys William and Ruby Hicks, Coleman hospital. Warren and Mary Jewell, Coleman hospital. Harry and Estella Pruitt, Coleman hospital. Robert and Dorothy Wright, Coleman hospital. Girls Kenneth and Edna Nelson, Coleman hospital. Ralph and Esther Rumley, Coleman hos, pital. Charles and Bertha Young, Coleman hospital. Banker’s Wife Dies in Crash By United Press ALBION, Mich., May 25. Mrs. Martha Wolff, Highland Park, 111., wife of Allen J. Wolff, president of the National Association of Insurance Agents, was killed yesterday when the car in which they were riding struck a gravel truck southeast of here.

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

Market Average m * • Tiventy Active Issues Listed on the N. Y. Stock Exchange.

nUnBER OF IllVtl TRAOF.D 1)1 -RIL) U> • I9U • lOW 11.4 00000000 C* C* M *4 oooco o o o - ■ =i-~ EI c r ~ -i: " r s ==et _ — c. ~ p!_ 11 —f -LU |j; J : .5 VOl.m riIUIOM/ OF /HARE/

This daily record cl the movements ol twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and dally variations are apparent at a glance.

Produce Markets Delivered in Indianapolis prices; Heavy hens. 9c; Leghorn hens. 7c; 1934 boilers 2 lbs and over. 18c; under 2 lbs., 16c; Leghorn boilers 1% lbs. and over, 15c; bareback boilers, 12c; springer-stags, 6c; large springer-stags, 9c; old roosters, ducks and geese, 3c; young guineas, 1% to 3 lbs., 20c; old guineas, 15c; No. 1, strictly fresh country run eggs, loss off 10c. Each full case must weigh 5 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1, 26® 27c; No. 2. 24@25c. Butterfat. 20c. Quoted by Wadley Company. (By United Press) CHICAGO, May 25.—Eggs—Market, barely steady; receipts, 29,029 cases; extra firsts, 15c; fresh graded firsts, 14%c: current receipts, 12%©13%c; dirties. No. 1, 12c; No. 2, ll%c; checks. No. 1, ll%c; No. 2,11 c. Butter—Market, easy; receipts, 15,265 tubs: extra firsts, 90-91% score, 21%©22c; firsts. 88-89% score, 20%®21c; seconds, 86-87% score. 20c; extras, 92 score, 22%c; specials, 23®23%c: standards, 22%c; centralized, 89 score, 21 %c: centralized, 88 score, 20%c. Poultry—Market, steady: receipts, 38 trucks; hens light, 13c; old roosters, 7c; geese, 6c; broilers colored and corored Rock, 21c; heavy Leghorn, 20c; turkeys. 15c; Leghorns. 10%c; capons, unquoted; barebacks, 16®18%c; ducks, spring, 12®14c. Cheese —Twins, 12%4) 13c; Longhorns, 13%®13%c; daisies, 13%©13%c. Potatoes, old stock—Supply moderate; demand and trading slow; market, steady; Idaho Russets, $1.30®1.35; U. S. No. 2, $1.15; Wisconsin Round Whites unclassified 90c. New stock—Supply moderate; demand and trading good; market, firm; Alabama Triumphs. $1.55®T.65; Louisiana Triumphs, $1,504( 1.65; slightly decayed $1.30® 1.45; Texas Triumphs, $1.60. Arrivals, 52; on track, 220; shipments, 941. NEW YORK. May 25.—Potatoes steady; southern, $1©4.25 bbl.; Maine, $14(2.60 bbl.; Idaho, $2 sack; Bermuda. $6 per bbl. Sweet potatoes—Steady; Jersey, basket. 50c®51.50. Flour —Firm: springs, patents. $74( 7.25 bbl. Pork —Steady; mess, $20.25 bbl. Lard—Easy; middle west spot, $4®4.10 per 100 lbs. Dressed poultry; turkeys, 12® 17c; chickens, B®2oc; broilers, 19®29c; capons, 21@34c; fowls, 13® 18c; ducks. 10® 13c. Long Island ducks, 14%4( 15c. Live poultry—Firm; geese, 6@7c; turkeys. 104(15c: roosters. 9c; ducks. 84( 12c; fowls, 14® 17c; chickens, 9c; capons. 22c; broilers. 154i25c. Cheese —Steady; state whole milk fancy to specials, 18® 19c; Young America. 14®14%c. Butter— Receipts, 9.276 pkgs.; market weaker, closing steady; creamery, higher than extras. 23%®>24%c; extra, 92 score, 23%; first. 90 to 91 score. 22%©23c: first. 88 to 89 score, 21%®22Vic; seconds, 21@21%c; centralized. 90 score, 22%c; centralized. 88 to 89 score, 21%4(22%c; centralized, 84 to 87 score. 21@21%c. Eggs—Receipts. 15,439 cases; market, steady; special packs, including unusual hennery, selections. 18®20c: stand ards, 17 %c; firsts. 15%c; seconds, 15c; mediums. 14%c®14%c; dirties. 14%®14%c; checks, 13%@14c; storage packs. 17c. Retail Coal Prices The tol lowing prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Domestic Retail Prices Anthracite sl*-25 Brazil lump 5-75 Brazil egg f-25 Brazil mine run 5 00 Coke, nut size 8.75 Coke, egg size •••• 8.75 Indiana forked lump 5.50®5.75 Indiana, egg [email protected] Indiana, mine run [email protected] Kentucky lump 700 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9 25 Pocahontas mine run 7.25 New River smokless 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 bin. • N. Y. Coffee, Sugar Futures —May 24 COFFEE —Santos— High. Low'. Close. March 11.37 11.33 11.37 May 10.68 July 10.82 10.81 10.82 September 11.20 11.17 11.18 December 11.30 11.26 11.30 —Rio— January 8.52 March 8.57 May 6.18 July 8.31 September - 8.40 December 8.52 8.48 ty 8.49 I SUGAR January 1.70 1.69 1.69 March • 1.74 May 1.56 1.51 1.51 July 1.54 1.53 1.53 September 1.60 1.59 1.59 December 1.68 In the Cotton Markets —May 24—■ CHICAGO High. Low. Close. January . . 11.72 July 11.35 11.34 11.35 October* 11.57 11.51 11.51 December 11.67 11.64 11.64 NEW YORK January 11.67 11.63 11.63 March 11.77 11.73 11.73 May 11.23 11.17 11.19 July 11.29 11.25 11.25 October 11.51 11.45 11.45 December 11.62 11.57 11.57 NEW ORLEANS January • 11.60 March 11.74 11.72 11.72 May 11.19 11.15 11.19 July 11.30 11.25 11.25 October 11.48 11.43 11.43 December 11.60 11.55 11.55 Deaths Ben A Warbinton, 73, 1427 North Delaware. carcinoma. Eliza J. Hubbardt, 71. 3323 Kenwood, coronary embolism. Eileen Voiles, 8. Riley hospital, pretracheal abscess. Helen Hawkins. 26, Delaware street near St. Clair, brain concussion. John O'Brien, 76, 1628 East Tenth, chronic nephritis. Alice Todd, 34. Community hospital, peritonitis. Nathan Cohen, 59. 2450 North Delaware, coronary thrombosis. Conrad Bailey, 25, city hospital, skull fracture. Bertha Hensching, 78, 907 South Missouri, ateriosclerosis. Nova Schanke. 33, Methodist hospital, pulmonary embolism. Ralph C. Williams, 59, 316 East South, arteriosclerosis. Delores Wood, 2, city hospital, broncho pneumonia. Hannah Washington, 68. 715 Roache. chronic parenchymatous nephritis. Bettie Day Roney, 59. 1820 Parker, mitral stenosis. Melvina J. Doll, 61, 1146 West Thirtyfourth, diabetic coma.

Investments and Investment Service Wm. E. Shumaker & Company, Inc. 1408 Circle Tower LI-8354 ————— Roy E. McCoy Representing Travelers Insurance Cos. PERSONAL ACCIDENT INSURANCE Riley 3334

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

Cash Grain

INDIANAPOLIS •—May 24 The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b.. shipping point, basis 41% New York rate, were; Wheat —Steady; No. 1 red. 82®84c; No. 2 red. 81@83c; No. 2 hard. 81®83c. Corn—Strong; No. 2 white. 49@51c; No. 3 white. 48%® 50c: No. 2 yellow. 46%® 48%c: No. 3 yellow. 45%®42%c: No. 2 mived. 45%@47%c; No. 3 mixed. 44%fe 46 %c. Oats—Steady; No. 2 white. 34%@33%c; No. 3 white. 31%©32%c. —lnspections Wheat—No. 2 red. 2 o£rs; No. 1 mixed. I car. Total. 3 cars. Corn—No. 2 white. 1 car; No. 3 white 7 cars: No. 2 yellow. 4 cars: No. 3 yellow, II cars: No. 4 yellow. 3 cars. Total. 26 cars. Oats—No. 2 white. 19 cars; No. 3 whtie. 4 cars: No. 4 white. 2 cars; sample white. 1 car. Total. 26 cars. Rve —No. 2. 16 cars. Total. 16 cars. Local Wagon Wheat City grain elevators are paying 79 cents lor No. 2 soft red wheat. Otner grades on their- merits. (By United Press) CHICAGO, May 24.—Cash grain; Wheat —No. 2 hard, 91%c; No. 2 northern, 89c. Corn —No. 2 mixed. 52%c; No. 2 yellow, 53®53%c; No. 2 yellow Lake,- 52%c; No. 2 yellow old. 53c; No. 3 yellow. 52%c; No. 2 white, 48%c; No. 2 white lake, 57%© 58c; No. 3 white. 56Vic No. 4 white, 57© 57%c. Oats—No. 2 white, 36%©37%c: No. 3 white, 35%@36%c. Rye—No sale. Barley—7B© 79c; quotable, 45© 82c. Timothy —No sale. Clover seed—No sale. Cash provisions—Lard. $6.05; loose, $5.45; leaf, $5.50; bellies. $8.50. TOLEDO, May 24.—Grain close; Grain in elevators, transit billing: Wheat —No. 2 red, 92093 c. Corn —No. 2 yellow. 57@58c. Oats —No. 2 white, 40%®!41%c. Rye—No. 2, 62%®63Vic. Track prices, 28%c rate: Wheat—No. 1 red. 88® 88Vic; No. 2 red, 87®88c. Corn—No. 2 yellow. 52%®53%c; No. 3 yellow. 51%®52%c; No. 4 yellow. 50Vi®51 Vac. Oats —No. 2 white. 37Vic; No. 3 white, 37®38c. Seed close: Clover — Cash, $8.25. Alsike—Cash. $8.50. ST. LOUIS. May 24.—Cash grain closed: Wheat—ln fair demand, steady to %c lower on red, and lc higher on hard; No. 2 red. 86%®87%c; No. 2 red. 88c. nominal at close; No. 2 red garlicky. 87c; No. 2 hard. 90c. Corn—ln fair demand, unchanged; No. 2 yellow. 53’/8®54%c; Oats —ln fair demand, unchanged to 'ic lower; No. 2 white. 37%c; No. 3 white, 37%c; No. 4 white, 36c. NEW YORK. May 24.—Cash grain: Wheat—No. 2 red. $1.05%; No. 2 hard winter. $1,071-8. Corn—No 2 mixed. 59%c. Oats —No. 3 white. 45%c. Chicago Futures Range —May 25 Prev. Wheat— High. Low. 10:00 close. May 91% .90%’ .91% .90% July 89% .89 89% .88% Sept 90 "i .89% .90% .89% Corn— May 51% .51 .51% .50% July 53% 53 .53% .53% Sept 55% .54% .55 .54% Oats— Mav 36% .45% .36 .35% July 36% .36% 36% .36% Sept 37% .36% .37%/ .36% Rye— Mav 56% .56% .56% .56% July 58% 57% .58 .57% Sept 60% .59% .59% .59% Barley— Mav 47% .47% .47 Vi .46% Jui'v 48% .47 Vi 48% .47% Sept 48% .48% :48% .48% CHICAGO PRIMARY RECEIPTS —May 24Bushels Today. Last Week Wheat 443.000 739.000 Corn 301,000 191.000 Oats 127,000 160.000 a®* 1 * * ** U*’ aD^

i Buy Bldg. & Loan Newton and Stocks t-jj Sell 415 Lemcke Bldg. 1 I BLYTH & COMPANY, Inc. I INVESTMENT SECURITIES New York. Local Office, Continental Bldg. Lo Angeles. Chicago, Boston, ir>i tt a~QO Seattle. Portland San Franeisco ’ IiOIIC LI. 0000 Minneapolis §H

ffipT.T.Tr.R Robins & cpoaravAKY i investment I§§f Securities Active Trading in General Market Securitiet Building and Loan Stocki Real E fate Pref. Stocks Municipal Bonds Investments Trusts Real Estate Bonds Bonds and Stocks of Indiana Corporations INDIANAPOLIS NEW YORK CONTINENTAL BUILDING ML'NCIE RILEY 3321

Abbott, Hoppin & Company 203 Continental Bank Bidg. Riley 5491 N , e . W , Y ° r , k Indianapolis Chicago Montreal Pittsburgh 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 25, 1934

GRAIN FUTURES STRENGTHEN IN LIGHT TRADING

All Deliveries Fractionally Higher on Bullish Crop News. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. May 25. —Crop news continued bullish and wheat prices opened a shade higher on the Chicago Board of Trade today. Opening prices of the principal grain were unchanged to *4 cent higher, corn was unchanged to up Vs cent, oats were V 4 to Vi cent higher, and rye was up Vi cent. No rain was reported overnight, but trading at the start was light. Stocks and cotton offered no incentive. CITY UTILITY RESUMES DIVIDENDS ON STOCK Citizens Gas Stockholders Mailed 6.25 Per Cent Payment. Resumption of payment of common stock dividends was begun yesterday by the Citizens Gas Company of Indianapolis. Decision to resume payments was based upon the general improvement in business conditions, it was announced. Checks were placed in the mail last night representing a dividend of 6.25 per cent on each share cf common stock, completing the payment of the 10 per cent due for the year 1932. Dividends totaling 3.75 per cent were paid some time ago. Althoug hthe announcement yesterday marked resumption of dividend payments, the common stockholders were warned that future payments would depend upon future conditions. DOLLAR VALUE LOWER Gold Price Falls Cent, Sterling Rate Down 2 Pence. By United Press LONDON, May 25.—The dollar was slightly weaker today. The pound was $5.09%. Gold fell 1 cent to $34.76 with the sterling rate at 136 shiliings 6% pence, down 2Vi pence. Yesterday’s rate was fixed with the pound at $5.08%. By United Press PARIS, May 25. —The dollar was fractionally weaker today, with francs at 15.13 to the dollar (6.609 cents a franc). Fine Custom ffOyl CA |!jLS Tailored Suits. ° u UK BE SAFE Insure Tour Car Today ~ Flll * P ro,< ‘ c i* on Automobile Insurance Ass’n. L,I. 8571. 7th Floor, Occidental Bldg.

IWE BUY AND SELL: U. S. Government Bonds U. S. Territorial and Insular Bonds 0 Indiana Municipal and Gravel Road Bonds || Land Bank Bonds KHome Owners' Loan Corporation Bonds 0 Bonds and Stocks of Indiana Corporations 0 General Market Municipal I and Corporation Bonds y Indianapolis | Bond and Share Corporation 129 fait Marktf Sfreef Telephone Riley 4551