Indianapolis Times, Volume 46, Number 13, Indianapolis, Marion County, 26 May 1934 — Page 16

PAGE 16

Wall Street Roosevelt Proposes Tax of 50 Per Cent on Silver Profits.

BY RALPH HENUERSHOI Times Special Financial Writer 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

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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 a a IT it 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.” a a a 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, if 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. [email protected] Cherries—-California. 16-lb. lug. $2.50. Orange*—California. Sunkist s4® 4.50; Red Ball. $3.50® 4.25. Lemons—Sunkist. $6.75: Red Ball. $6.25. Grapes—South American, crate. $3. Grapefruit—Florida. Seedless. 53.75@|4.25. Strawberries—Aromas. 24-qt. crate. $3 25: Slakemires and Premiers. $2.50- Klondvkes $2.25; southern Ind., 24-qt. crate. *1.50® 2.25. Melons—Argentina Honevdews. $3. Cantaloupes Ponv crate. $2.25®2.50: Jumbos. 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: Va ots.. *2 0 —Vegetables— Cabbage—Mississippi. bO-lb. bag *1.35 Florida red, *2.50 per hamper. Celery—Florida. 54.50 a crate, mammoth bunch. 90c: medium bunch 60c hearts, dozen bunches. $1.25. Onions—lndiana yellow. 50-lb. bag. 75c. Potatoes—Northern round white, 100-lb bag, sl.6s: 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 Nancy Halls, crate $2. Asparagus—Home grown, dozen. 60c® *1 25 Beans—Round, striegless. sl®l 25 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. $4.254?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—lllinois. 75(b 85c a bushel. Spinach—lllinois. 40(6 90c a bushel. Beans —Southern green and wax. *1®1.25 bushel hampers. Cucumbers—Central western hothouse. 75c(6.51.50 (2 doz. to box) Tomatoes—Texas. *2.25®2.75 lug box. Sweet Potatoes—Tennessee, $1.85(61.90 bushel hampers. Mushrooms—lllinois. 10c®45c (lb. carton). Asparagus —Illinois. 75c® $1.25 * box. Strawberries —Illinois, *1 50® 2.25 1 14 ouart). Onion Market (50-lb. sacks)—Texas yellows. 75o@'$l; Texas whites 75c®$l: California whites. $1.05@ *l.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 subway parcal box and leave the key on top of a chewing gum slot machine near it.

STOCK SHARES RISE FRACTIONS TO TWO POINTS

Most Issues Recover After Sales Volume Climbs Near Close. BY ELMER C. WALZER United Press Financial Editor NEW YORK. May 26.—Stock prices on the New York Exchange advanced from fractions to more than 2 points in extremely dull trading yesterday. In the first three hours the rate was 375,000 shares for a full day, which would have set anew tenyear low record. Volume picked up in the fourth hour, with best prices coming in the last period. As there was nothing in the news to account for the upturn in stocks. Wall Street resorted to rumors. One of them, unconfirmed, was that President Roosevelt would “issue a bullish statement after the close.” There was considerably more activity in grains, especially when it was learned the drought was still a potent factor. Qther commodities moved narrowly. Small gains were made by silver, cotton, rubber. copper and hides. Silk futures soared. Car Loadings Increase Advances In grains aided farm equipment and mail order issues. Case rose more than 2 points and Sears-Roebuck more than a point. The latter was helped by its sales report for the first sixteen weeks of 1934, which showed a gain of 35 per cent. Railroad issues came back. Gains of a point or more were noted in Atchison. New York Central and Southern Pacific. Car loadings for the week ended May 19 increased 9,403 cars over the preceding week and 75,423 cars over the corresponding week of 1933. Chemical stocks were bid up 1 to more than 2 points. The best gain was made by Du Pont. Air Reduction made anew low for the year at 93 I*, 1 *, off ts, and then advanced to a net gain of more than a point. American Telephone rose more than a point and Western Union a point. Utilities generally were steady to firm. Pressure lifted from steel issues. United States Steel dipped to 3914 in the early trading where it was X point from its 1934 low. It rallied to 411*, up It*, then lost part of the gain. Bethlehem rose from 32% to 33%, up a point from the previous close. Wall Street was unperturbed by threats of a steel strike. General Issues Advance Gains of 1 to more than 2 points were noted in such issues as American Can, American Smelting, American Commercial Alcohol, Chrysler, General Motors. Liggett & Myers B. Johns Manville, Spiegel, May, Stern and Westinghouse Electric. Amusement issues continued firm with Columbia Pictures making a new top for the year at 32%, up Ik. Warner Brothers Pictures issued its report for the twenty-six weeks ended Feb. 24 showing net profit of $38,855. against a net operating loss of $3,442,326 in the previous •corresponding period. Stock sales approximated 540,000 shares, against 500,000 shares Thursday. Curb sales were the smallest since March 30. 1933, totaling 102,000 shares against 115,000 shares Thursday. Dow-Jones preliminary closing averages showed: Industrial. 94.50. up 1.13: railroad. 43.01, up 0.26: utility, 23.24. up 0.36.

Money and Exchange INDIANAPOLIS BANK CLARINGS —May 25Clearings $1,723,000.00 Debits 4,566,000.00 • FOREIGN EXCHANGE (Abbott. Hoppin & Cos.) —May 25 Close. Sterling England $5.09% Franc, France .0600',* Lira. Italy 0851 Belgas, Belgium .2340 Mark. Germany 3934 Guilder. Holland ~ .6785 Peseta. Spain 1370 Krone. Norwav 2559 Krone Denmark - 2275 Yen, Japan 3018 Treasury Statement (By United Press) WASHINGTON. May 25.—Government expenses and receipts of the current fiscal year to Mav 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 25Bid. Ask. American Bank Stocks Corp . 1.12 1.15 American & General Sec A 4.00 5.00 American & Inv Tr Sh 1.75 Basic Industry Shares 3.18 3.24 British Type Inv Tr Sh 45 .50 Collateral Trustee Shares A . 4.42 4.52 Corporate Trust Shares (old) 1.96 2.00 Corporate Trust Shaves (new) 2.19 2.23 Cumulative Trust Shares ... 3.72 Diversified Trust Shares A .. 6.25 Diversified Trust Shares B Diversified Trust Shares C ... 2.96 3.00 Diversified Trust Shares D .. . 4.37 4.62 First Insurance Stock Corp/.. 1.20 1.25 First Common Stock Corp ... .63 .67 Fixed Trust Oil Shares A ... 7.75 8.00 Fixed Trust Oil Shares B ... 6.75 7.00 Incorporators Investments ... 16.77 18.02 Land Bank Bond Shares .... 1.17 1.30 Low Priced Trust Shares .... 5.75 5.85 Mass Inv Trust Shares 18.07 19.64 Nation Wide Securities . 3.17 3.20 North Am Trust Shares (53) . 1.77 No Am Trust Shares (55-56). 2.23 2.25 North Am Trust Shares (58) .. 2.19 2.23 Selected American Shares 1.10 1 19 Selected American Shares Inc. 2.42 .... Selected Cumulative Shares .. 6.27 Selected Income Shares .. 3.26 3.75 Std American Trust Shares A 2.72 2.78 Trust Shares of America 2.50 2.55 Trustee Std Oil A 5.40 5.60 Trustee Std Oil B 4.85 4.95 U S Electric Lt & Pwr A 12.25 12.50 Universal Trust Shares 2.82 2.92 Daily Price Index ißv United Press) NEW YORK. Mav 25.—Dun * Bradstreet’s daily weighted price index of thirtv basic commodities compiled for the United Press (1930-1932 average. 100'; Todav : 109.70 Yesterday 109.03 Week ago 109.40 Month ago 105.18 Year ago (Mav 26' 89.22 1934 high (March 12) 110.24 1934 low (Jan. 3* 101,05 (Copyright, 1934. Dun * Bradstreet. Inc.) Bright Spots ..... .- ,g, Abbott Hoppin St Cos ( General Railway Signal Company declared a regular quarterly dividend of 25 cents a share, payable Julv 1 to stockholders of record June t. New York Telephone Company reports net Income for April was $3,649.15*. •gainst $2,504,361 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 t Western Railway car loading* for the week ending May 29 were 22.295 ears, against 22,213 in the previous week. United Corporation declared dividend of 75 e*jta an tha preferred stock.

New York- Stocks

ibv Abbott HoDpln & Co.i ————————— 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 lM.gl +.22 Ten second rails .... 81.00 —.21 Ten industrials . .... 96.45 —.15 -Off. +Up.

—Mav 25 Prev. Oil*— High. Low. Close. Close. Amerada 50% 49’,*• 50% 48% Atl R is ■■■■ 24** 24 24% 21% Barnsdall ... 8 7% 7% 7% Consol Oil ...... 10*/a 10% 10% 10% Cont of Del 20% 18% 13% 20 Mid Cont Pet • 12*/, 12% • 12% 12% Ohio Oil U 5/ 11% 11%. 11% Pet Corn 11% 11% Phillips Pet 18% 18% 13% 18% Plymouth Oil . - 12% 12 12% 12% Pure Oil 10% 10% 10% 10% Royal Dutch .... 34% . Sbd Oil 32% 32% 32V, 32 Shell Un 8% 8% 8% 8% Skellev Oil • 3% 9% Soc Vac 15% 15% 15% 15% SO ot Cal 32% 32 32% 32% S O ot Kan ...... 38% SO ot N J 42% 42% 42% 42% Texas Corp 23% 23% 23% 23% Tidewater Assn. 12% 12 12% 12% Un Oil of Cal 16’% 16 Steels— Am Roll Mills . . 18% 17*, 18*,, 13 Beth Steel 35 32% 3?% 32% Bvers AM 21% 21V, 2.'% 21 Col Fuel & Iron „ A Crue Steel 24 23% Inland Steel 35 35 McKeesport Tin 86 Mid Steel 12% 12% Natl Steel ~, 40% Otis Steel ■ 4% 4% Rep Iron & Steel 18% 16% 16% 16% Rep Ir & Stl pfd 44% 44% 44% 44V, U S Pipe & Fdy 23 Vi 22% 23 Vi 22 U S Steel 41V, 35% 40 Vi 40 U S Steel pfd.. 86 85 85 85 Warren Bros 8% 8% 8% . Youngstn S& T 19% 19 19% 19% Motors — Auburn 35% 34 34% 33% Chrysler 40 38% 39 38% Gen Motors .... 33 31% 32-< 31, Graham Mot ... ••• 2% 2 % Hudson 13% 13% 13% 13% Hupp 3*i 3% 3% 3% Mack Truck ... 25% 25% 25% 25, Nash 17 16% 16% 1% Packard 4 3% 4 3/* Reo • )% 3% 3% 3-* Studebaker ... 5V* 5 5% 5 Yellow Truck .. 4% 4% 4% 4% Motor Access— Bendix 15 14% IS 14% Bohn Alum .... 54 53% a3% o3 Borg Warner .. 22% 22% 22% -2 Briggs ••• 16% 16% Budd Wheel 3% Eaton Mfg ... • 16% 16% Elec Auto Lite . 21 Vi 20% 21 21 % Houdaille (At 4% 4% Mullins*Mfg 11 Mullins Mfg pfd • - , 36% 36,a Murray Body . . 7% 6% 7% J Stew Warner .. 7Vi 7 TANARUS% 7 Timken Roll .. • ■ • Timken Det Axel 6% 6% 6% 6% Mining— Alaska Jun 19% 18% 19% 19 Am Metals .... 23 23% Amer Smelt 39 % 38% 39, 38% Anaconda 14% 14V* 14% 14% Cal & Hecla..... 4Vi 4% 4-/ 4% C’erro de Pasco 35 % 34% 34% 34% Dome Mines ... 38Vs 37% 38 37% Granby . 9% --- Gt Nor Ore ... 11% 11% Howe Sound ... 50% 49 50% 49% Int Nickel .. 26% 26% 26% 26%. Kennecott Cop . 19% 19 Vi 19% 19 % Mclntyre Mine • 44% 43% 44% 44% Noranda Cop .. 43 V, 43 43% 42% Park Utah .... 4% 4V4 4% 4% Phelps Dodge .. 16% 16% 16V* 16% St Joe Lead 20 U S Smelters.... 117% 115% 117V* 117 Vanadium ... ••• 19. Amusements — Fox Thca . .. 14% 14% 14% 14% Loews Inc 31% 30% 31% 31% Radio Corp .... 7% 7Vi 7% 7% RKO • 7% 3 Warner Bros ..6 5% 6 5% Tobaccos— Am Snuff 57% 57 Am Sum Tob 18 17% 18 17 Am Tobacco "A” 68% 68 68 % 67% Am Tobacco “B” 71% 71 71%, 69% Gen Cigars • 37% Ligg & Myers ‘B’ 95V* 93% 96% 93 Lorillard • 17% 17 17% 17 Reynolds Tb "B” 43% 43 Vs 43% 43% Rails— Atchison 55Vi 54 54% 53% Atl Coast Lines . 40% 39% 40% 39% B& O 23% 23 23% 23% Can Pac 65% 15% 15% 15% Ch & Ohio 45 Vi 44% 45% 44% Chi & Gt W 3% 3% 3% 3 C M & St P . 5Vi 5 CM& §t P Pfd 8% 7’i 8% 8 Chi N W 9% 9V4 9% 9% Dela Hud M 50 Del Lac & W 22% 22 Erie •• 18% 18% Erie pfd 22V* 21% Grt Northern pf 21% 20 21 20-% 111 Central 247, 23 24% 24 K C Sou 14 Lehigh Valley .... ... 15 15V* Lou & Nash - •• 51 Vi M K & T 9% M K & T pfd 22% Mo Pac 4% Mo Pac pfd .... 6V* 6% 6% 6 N Y Cent 28Vi 27 28'/* 27% N Y Chi & St L 18 Vi 19% N Y C <fc St L pf • ... 35% N Y New Haven 15% 14% 15 15 N Y Ont <fc West 7% 7% 7% 7% Nor Pac 25% 24V, 25% 24% Penn R R 30V, 29*/* 30% 30% Reading 44% Sou Pac 22% 21% 22 21% Sou R R 25% 24 % 25 24% Sou R R pfd . 31% 31 31% Union Pac 122% 120% Wabash • 3 V* West Maryland . 11% U% u% li ’ Equipments— Allis Chalmers . 16% IS 16 16 Am Car & Fdy.. 20% 20 20% 20% Am Loco 24 24 Am Loco pfd 55 Am Mach & Fdy 14% 14% 14% . Am Steel Fdy... 16 157, 16 15% Bald Loco .. llVi 10% 11V, 10% Bald Loco pfd.. 46Vi 45% Burroughs 13% 13 13 1 /* 12% Case J I 507', 48% 50% 48% Cater Tract 28 Vi 27% 28 27 % Deere & Cos ... 21 20 21 20% Elec Stor Bat ... . 41 % 41V* Foster Wheeler 14% 13Vi 14 % 14% Gen Am Tk Car 36% 36% 367, 35% Gen Elec 197, 19% 19% 19% Ingsol Rand 53% Int Harvester . 31 % 30% 31 Vi 31 % Natl Cash Reg • 15% 15% 15% 15% Pullman Inc ... 50V* 49 5074 49% Rem Rand . 9% 9% Und Elliot. 40% 40% West Air B 28 27% 28 27’% Westingh Elec . . 34Vi 33 337, 33 Utilities— Am & For Pwr 8% 77, 8% 77, Am Pwr & Lit 7V* 7 7% 7 1 /* AT&T ...114% 1127, 114 113 Am Wat Wks . . 18% 18% 18% 18% Brook Un Gas . 66 Col Gas & Elec 13 12% 13 12% Col G & E pfd 74 737, Com & Sou ... 2% 2% 27, 2V* Consol Gas 33V, 32% 32% 32% Elec Pwr & Lit s*/* s*/, 5% s*/* Int Hydro Elec 6 Int T & T . 12% 12% 12% 12% Nat Pwr & Lit 10% 9% 10% 9%. North Amer . . 16% IS 16% 16*/, Pac G & E .. 17 167, 17 17 Peoples Gas ... 30% 30 30% 30 Postal Tel pfd . 18*/* 18 18% Pub Serv N J .. 36 35*4 36 36 So Cal Edison .. 16’/, 16% 167', 16% Std Gas .10 9% 10 9% Std Gas pfd . 11V* 11 11 11 United Corp .. SV 5% s>/* 5 Un Gas Imp 15*/4 15% 15*/* 15% Ut Pwr & Lit, A .. 33 Western Union 43% 42V* 43’, 427* Rubbers— Firestone 18% 18% 18% 18Vi Goodrich 14V* 13V* 14V, 13% Goodyear 29V, 287* 29V, 28% Kelly Spring 2% . U S Rubber 19V, 18% 19 18*/, U S Rubber pfd 47 45% 46% 45% Miscellaneous— Am Bank Note.. 19% 19 19Vi Am Can .. •• 94% 93 94 92*4 Anchor Cap . .. . . . . 20 Brklyn Man Tr 40V* 39% 39% 39% Conti Can 75 74 74 V* 74V* Curtis Pub . 23% 23V* 23% 23 Curtis Pub pfd . 80% 78 80% 78 Eastman Kodak. 95V, Gillette 10% 16% 10% 10% Glidden 25V* 247, 25 25% Inter Rapid Tr . 7% . . Owens Bottle • • 75*4 ... Foods— Am Sugar 53% 5274 53% 53 Armour "A” ... 6*4 6% 6% 67* Beatrice Cream . . 1574 . Borden Prod .... 24% 24 24% 24% Cal Packing 31V* 30% 30V* 30% Can Dry G Ale 22 21% Coca Cola 123 72 123 V* Cont Bak 'A" 9 Corn Prod 68% 66 68 65% Crm of Wheat . . 32 V* Cuban Am Sugar 7V, 7 Gen Foods 31% SI Vi 3! % 31% Gold Dust 19% 19 19% 19% G W Sugar 30 29% 29% 29% Hershev • 62V/, Loose Wiles 40% Natl Biscuit ... 34% 33% 33% 34V, Natl D Prod ... 17 16% 16% 16% Purity Bak .. . 13% 13 S Porto Rico S . 30 29*/* 30 90 Spencer Kellog 20% . Std Brands 197, 19% 19*/, 19% Un Biscuit 25% United Fruit 68% 68% Wrigley ••• 63 Retail Stores— Asso Dry Goods .. 12 V* Best & Cos 30 29% 30 First Natl Stores 6572 65% 65% 64 Gimbel pfd 24% 23 Gr Un Tea . 6 5% 6 Hahn Dept Sts • 5% 474 5% 5Vi Kresge SB 18 17% 18 17% Kroger Groc .... 30 29 % 297* 29% Macv R. H . 40% 39% 40% 39% Marshall Fields 15 14% Mav Dept St ... 29% Mont Ward .... 25% 24 Vi 247, 24 V* Natl Tea 127* 12% Penny .. C 56 55 % 56 55% Safeway Si 48V* 48V, 48% 47% Sears Roebuck .. 42 40% 40% 4074 Woolworth 50 48% 5Q 4972 Avia .ion— Aviation Corp .. 7 6% 7 6% Curtiss Wright .3% 3% 3% 3% Curtiss Wrgt A 10*4 10 10 10 Douglas Air 20% 19% 20% 20 Nor Am Av ... . . • 5 5 Speerv Corp • . 97* 9% 974 9Vi United Aircraft 21% 20Vi 21% 21 Wright Aero 51 51 Chemieals— Air Reduction .. 94% 987* 94% 95% Allied Cheat 13 k

lUJU

Am Com .A1c0... 35 33% 34V, 33% Col Carbon . . 66% 657* 86% 65% Com Solvents .. 227* 21% 22% 22% Dupont 85% 827* 85 82% Freeport Tex ..39% 39% 39 74 39 Liquid Carb .... 29 38 29 Math Alkali .. 30 297, 30 29*/* Montosonta Ch . 43% 44 Natl Dis (newi.. 257, 247* 247* 247* Scheneley Dist . 27 267, 26% 26% Tex Gulf Sulph .34 33 33% 33*/, Union Carbide 40V* 397* 4074 39 U S Indu Alcohol 39% 3874 Drugs— Cotv Inc 5*4. 5% 5% 8 Lambert 257* 257, 25% .. Un Drug 15*4 15V* 15% 1574 Zonite Prod 6 5% 6 5% Financial— Adams Exp 8% 8 8V 8 Allegheny Corp 2% 2*4 Am Int Corp 87* 874 Chesa Corp 42*4 .. Lehman Corp 65% 6574 l.ehn & Fink 21 Transamerica 6 6 Tr Conti Corp 4% 4% Building— Am Radiator ... 14 1374 13% 1374 Gen Asphalt . .18 17% 18 18 Int Cement ... 2474 2471 John’s Manville 49 477* 48% 47*,. Libby Owens Gls 307, 297, 307, 30 Otis Elev ..... 16 1574 15*/* 15% Uleri Const 2% Household— Col Pal Peet. .. 14 13% 13% 13% Congoleum 26 25V* 26 25V* Kelvinator 1774 16% 17V* 17 Mohawk Carpet. 17 Proc & Gamble 347, 33% 34 347* Simmons Bed 1674 Textiles— Bolding Hem .. 12% 11% 12% 11% Celanese Corp . 247, 24 24 V* 25 Collins Aikman . 177', 17 177, 16*4 Gotham Hose .. 8 7% g 7% Indus Rayon .. . 23% 2274 227, 23% Kayser Julius... 17% 17 17% 1674 Real Silk 9 New York Curb (By Abbott, Hoppin & Cos.) —May 25 Close. Ose. Allied .Mills ... 87, Ford of Europe S% Alu Cos of Am 63 Glen Alden Coai 167* Am Cyandie B 18% Gulf Oil of Pa .. 59 Am &Fpr Wa 5 Kiram Walker.. 33% Am Gas &El 23 Hud Bay Min.. 127, Am Superpower 2% Humble Oil 4274 Asso Gas & El */* Imp Oil Ltd ... 1474 Atlas Corp - . 1074 Int Petrol 2674 Bucke Am To A 36% Lake Shore Min 50% Can Ind A1 A 1074 Natl Bellas Hess 3% Can Marc ...... 2% Nia Hud Pwr... 5% Carrier Corp .. 774 Penn Road ... 2% Cities Serv 2% St Regis Paper. 374 Con Gas of Bal 62 Sal Crk Prod .. 6'% Cord Corp .. 5 Sherwin Wms . 68% Creole Petrol.. 12V* Std of Ind 26*4 Deere &Cos .. 21 Std of Kv ...:. 15*4 Distillers Lim.. 23 Technicolor Ind 11 Distillers Corp 15% Teck Hughes Go 674 Dow Chem 91 Un Gas . 2% El Bond & Shar 14*/, Un Pwr & Lit A 2*4 Ford of Can A 21 |Wr Harg Min.. 8% New York Bank Stocks (By Abbott. Hoppin & Cos.) —May 24Bid. Ask. Bankers 62 62*4 Brooklyn Trust 113 116 Central Hanover 1267* 127% Chase National 28 28*4 Chemical 4074 41 National City 28 2874 Corn Exchange ............ S3 53’* Continental 1374 1374 Empire 1974 19% First National 1,655 1,665 Guaranty 358 360% Irving 17% 177, Manhatten & Cos 30 3074 Manufacturers 21% 22 New York Trust 101 10? Public 3272 33 Chicago Stocks ' Bv 4bbott Hoppin & Cos TOTAL SALES. 15,009 SHARES —May 25 High. Low, Close. Adams Mfg ~ 131* Am Pub Serv pfd 9*/4 97, 9% Bastian-Blessing 5% 57* 5% Bendix Aviation 157, 15 157, Borg-Warner 22% 22 227* Borg-Warner pfd 106 Brach & Son 10% Butler Bros 9V, R% 9% Berghoff 6*/* 67* 6% Cent 111 Pub Serv pfd 18% Cent & So West . . 1 Cent & So West Pip.. . .. 16 Chi & Northwestern .. 9% 9% 9*, Chicago Corp com 274 2% 27* Chicago Corp pfd 26 257* 26 Chicago Yellow Cab .. 14*4 Cities Service 274 2% 2% Comonwealth Edison .. 50*4 50 50 Cord Corp ~... 5 Goldblatt Bros 177a 1774 17% Gen Household Util . . 13% Houdaille Hershey A 1? Houdaille Hershevß ... 4% Iron Fireman 15V* 14% 15V, Libby McNeil 574 Lynch Corp 357* 35 35% Mickelberrv's Food Prod 1% Middle West Utilities 1% Nobl-Sparks Indus. Inc 13% Northwest Bancocorp 3% Oshkosh Overall 4% Prima Cos . 8 Public Service 6% pfd 61 Quaker Oats lio Quaker Oats, pfd 123 Reliance Mfg Cos 15 Sears Roebuck 41 So West G & Elec pfd.. . 52V, Swift & Cos 1574 1574 157, Swift Internacional .. 30 Utah Radio ... I*/, Vortex Cup Cos (A • ... 29 Zenith Radio • ... 274 Bond Prices (By tenner & Beane 1 <Bv Fenner * Beanet —May 25 . „ High. Low. Close. Alleg Corp 5s 50 . 39 38 39 Am & For Pwr 5s 3030 54 537* 54 A T & T db 5s ’65 108 107% 108 Atchison gen 4s ’95 10274 102 10274 B&O cv 7*s ’6O 64V* 6374 6474 Beth Steel 5s A ’76 ... 103 102% 103 Can Par. 4s ’57 816 8174 81% C & O 5s A ’57 . 109*4 ChMStP&P ad.) 5s A 2000 13% 1374 13% ChMStP&P rs 5s A '75 44V, 48% 44*4 Cons Gas N Y 47*s ’sl 103% Denmark 5%s ’55 90*4 90% 9074 Det Ed 5s E 52 ■ 107% Erie RRrf 5s ’67 71% 70% 71% Goodyear 5s ’57 997* 99 99% Gt Nor 474s D ’76 75% 75 7574 Gt Nor 7s A ’36 94V, 94% 9474 Interboro RT 5s ’B6 ... 88 67% 68 Int T&Tdb 5s '55 63 % 63% 63*4 McKess & Robb 5%s ’SO 8174 80% 80% Nat, Dairy db 574s ’4B .. 9474 93% 93% N Y Cent 47*s O 2013 .74 73V* 73*4 Nor Am 5s ’Bl 87 86% 86% Pac Gas & El 5s A ’42. 106% Para Pub 5%s ’SO ... 52 51 52 Penn R R 474s D ’Bl ... 96V* 96% 96% Poland 7s ’47 11274 112 11274 Royal Dutch 4s A ’45... 131 Shell Un Oil 5s ’47 .... 9874 98% 98% Sin Cons 6V4s B ’3B ...104% 104% 104% Texas Corp 5s ’44 .. .102% 10274 102% Tob Pr N J 67*s 2022 . 105 Un Pac Ist 4s ’47 .105% 105*4 105% U S Rubber 5s A ’47. .. 85 84% 85 Vanadium 5s ’4l 77% Western Un 5s ’sl 8874 88 88 Ygstwn S & T 5s B ’7O 83 82% 82% C. S. GOVERNMENT RONDS 'By United Press' NEW YORK. May 25.—Closing Liberties. (Decimals Represent 32nds.(. Liberty. 3%s 732-47) 103.26 474s (32-47 V 103.26 Fourth 474s (33-38* 103.31 Treasury 4745-374s 745) 103.4 4%s 747-52) 111.31 3*4s (41-43) March 104.2 3*/,s 740-43 June 104.5 3%s )43i 103.31 3%S (46-49) 101.28 3s (51-55) 100.26 FEDERAL FARM LOAN BONDS (Bv Blythe * Cos.. Inc.l —Mav 25 Bid 4 sk 4s Ncv. 1. 1957-37 100% 101% 4s. Mav 1, 1948-38 100% JOl% 4 1 s; July 1. 1956-36 100% 1017, 47*0. Jan. 1. 1957-37 101’* 475. Mav 1. 1957-37 101% 4%5. Nov 1. 1958-38 101% 47*s. May 1. 1942-32 101 % 4%5. Jan. 1. 1943-33 101 % 4%5. Jan 1. 1953-33 100% 101% 4%5. July 1. 1953-33 100% 1017* 4%5. Tan. 1. 1955-35 101% 47*8. Jan. 1. 1956-38 10174 4%5. July 1. 1953-33 101% 4%5. Jan. 1. 1953-34 101 % 4%5. July 1. 1954-34 101 V, ss. May 1. 1941-31 102 74 ss. Nov. i. 1941-0’ 102% , Home Loan 4s. July 1. 1951 . 101.10 101.14 —Federal Farm Mortgage Corporation—--3 7*s, March 15 1964-44 101.16 101,21 The two latter auot.es are in thirty-sec-onds. 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. oflice 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 o. m.. 224 North Meridian, office building. $l5O loss. Todny 1:31 a. mm •* *£d TwaUtfc Mft* alarm,

PORKiiiP^ STEADY TO 5 CENTS HIGHER s Cattle, Lambs Scarce and Unchanged; Vealers Turn Lower. Uneven price range marked early trading in the hog market at the local stockyards yesterday, 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 were 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. $3.70® 3.80 *3.80 2,000 21. 3.50@ 3.60 3.65 11.000 32. 3.45® 3.55 3.60 8.000 22. 3.45(5) 3.55 3.60 8.000 24 3.40® 3.50 3.55 6.000 25. 3.40® 3.50 3.60 7,000 Market, yteady. (140-160) Good and choice ....$ 2.90® 3,50 —Light Weights—-(l6o-130) Good and choice ... 3.40 (180-200) Good and choice .. 3.45 —Medium Weights—-(2oo-2201 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—(3so 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 Receipt*. 400; market, steady. (1.050-1,100) Good and choice 6.75® 8.25 Common and medium 4.50® 6.75 (1.100-1,5001 Good and choice ....; 7.00® 9.00 Common and medium S.so® 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 Receipt*. 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 Receipt*. 700; market, steady. (Shorn basis) Spring lambs $ B.oo® 11.00 I (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 I CHICAGO. May 25.—Hogs—Receipts. 20,000, including 9.000 directs: moderately active, 5 cents higher; 180-310 lbs., $3.50® 3.65; too, $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®3.05: medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights, 250350 lbs., good and choice. [email protected]; packing sows, 275-550 lbs., medium and choice. $2.50® 3.20; slaughter pigs. 100-130 lbs., food and choice, [email protected]. Cattle —Receipts, ,000: calves, 700: most killing classes fairly active, strong; inbet ween 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 lbs., good and choice. $5.75®7.75; 9001,100 lbs., good and choice. $6®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, [email protected]; low cutter and cutter, [email protected]: bulls (yearlings excluded), good (beef), $3®3.50; cutter, common and medium. $2.25®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@s. 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, [email protected]. according to kinds: slaughter sheep and lambs, spring lambs, good and cnolce. 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, [email protected]; ewes, 90-150 lbs., good and choice. *[email protected]; all 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.. $3.15®’3.25; 140-160 lbs., $2.65®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; ulk 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 down. Hogs—Receipts. 1.200; 5c higher: 185-275 lbs.. 13.5. V 275 lbs. up. $2.70: 160-185 lbs.. $3.30: 145160 lbs.. 53.05: 120-145 lbs.. $2.20; 100-120 lbs., $1.70; sows. $1.40. Sheep—Receipts. 2.000: market not established: most earlv 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 @2.50. Births Boya il William and Ruby Hicks. Coleman hospital. Warren and Mary Jewell. Coleman hospital Harry and Estella Pruitt. Coleman hospital. Robert and Dorothy Wright, Coieman hospital. Girl, Kenneth and Edna Nelson. Coleman hospital Ralph and Esther Rumley, Coieman hospital. Charles and Bertha Young, Coleman hospital. Banker’s Wife Dies in Crash By United. Pres ALBION, Mich., May 25. Mrs. Martha Wolff, Highland Park, El., 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.

Am. Smelting Am. Cam Am. Telephone Am. Tob. B Atchison Chrysler Con. Gas N. Y. DuPont Goodyear

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

ounaeA or mum n.) OOoOnOOO * * HifUl MiIFT'TIS 11T H i| L — ||-r: | : -- : 5 ii? % r' . !!......LL-Lu.^ J M+q, t+L-- T+ ! s !!i:f f' r lllpif'Mt: 1 0-“- c - * vot. r. nnitow of/HAAitr

This daily record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movement* and daily 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 IV* lbs. and over, 15c; bareback boilers, 12c: springer-stags, 6c: large springer-stags. 9c; old roosters, ducks and feese, 3c; young guineas, 1% to 3 lbs., 0c; 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 flrsts, 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 flrsts. 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**®13c- Longhorns, 12V*@13%c; daisies. 13%@13%c. Potatoes, old stock—Supply moderate; demand and trading slow; market, steady; Idaho Russets, [email protected]; 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®'1.65: Louisiana Triumphs, $1.50®1.65: slightly decayed $1.30®f.45; Texas Triumphs. $1.60. Arrivals, 52; on track, 220; shfpments. 941. NEW YORK. May 25—Potatoes steady: southern [email protected] bbl.; Maine. *[email protected] bbl.; Idaho, $2 sack; Bermuda. $6 per bbl. Sweet potatoes—Steady: Jersey, basket. 50c® $1.50. Flour—Firm: springs, patents. $7®,7.25 bbl. Pork—Steady: mess. $20.25 bbl. Lard—Easy; middle west spot, [email protected] 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%@ 15c. Live poultry—Firm; geese. 6@7c; turkeys, 10@15c; roosters. 9c; ducks. 8® 12c; fowls. 14@17c; chickens, 9c; capons. 22c; broilers, 15®25c. 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%®22V*c; seconds. 21®21%e; centralized. 90 score. 22%c; centralized. 88 to 89 score. 21%®22V4c: 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. 14V4c@14y*c; dirties. 14V4@14%e; checks. 13%@14c; storage packs. 17c. Retail Coal Prices The tollowir.g prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents oer ton is allowed. Domestie Retail Prices Anthracite. $14.25 Brazil lump 5.75 Brazil egg 5.25 Brazil mine run 6.00 Coke, nut size 8.15 Coke, egg size 8.75 Indiana forked lump ,4.50@5 75 Indiana, egg 5.25@5 60 Indiana, mine run [email protected] Kentucky lump 7 00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9 25 Pocahontas mine run 7.25 New I fiver smokless 8.25 West Virgin, a 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 COFFEE —May 25 —Santos— High. Low. Close March n.43 11.42 11.42 May ; 11.51 July 10.88 10.84 10.88 September 11.26 11.22 11.26 December 11.37 11.35 11.37 —Rio— January 8.58 March . 8.53 Mav 8.22 8.20 8.22 July 8.40 September .1 . 8.47 Decmeber 8.55 8.53 8.55 SUGAR High. Low. Close. January 1.69 1.68 1.6 P March 1.74 Mav 1.78 I Julv . 1.33 September 1.60 1.59 1.60 December 1.68 1.87 1.68 In the Cotton Markets —Mav 25 CHICAGO High. Low. Close. Januarv 11.78 11.68 11.78 March 11.92 11.80 11.92 May 12.01 July 11.4 11.33 11.44 October 11.67 11.50 11.62 December 11.77 11.63 11.75 NEW YORK January 11.72 11.60 11.71 March 11.85 11.69 11.82 May 11.83 11.72 11.81 July 11.39 11.22 11.33 October 11.54 December 11.71 11.53 11.67 NEW ORLEANS Januarv 11.73 11.70 11.70 March 11.83 11.70 ILB3 Mav .. . 11.96 JulV 11.39 11.20 11.35 October 11.58 11.40 11.34 December 11.70 11.50 11.65 Employment, Payrolls Higher By Times Special CHICAGO. May 26.—Increase of 1.9 per cent in employment and payrolls was reported from March 15 to April 15, according to a report from 2, 163 indstrial establishments in Chicago, the Illinois department of labor announced. i 3-Pc. BED OUTFIT Handsome wood-# gfi QC ■ (one bed. Comfort- w | ** ■ able springs and I ~ ■ cotton mattress. Eas „ T<?rtn , WHITE FURNITURE CO. j Evening School Strong courses offered In Secretarial, Stenography, AccountingBookkeeping and kindred subjects. Spend part of your evenings in selfimprovement. Cost low. Central Busintss Collect Architects * Builders Bntldjng, Indianapolis 3% | Paid on Savings Security Trust Cos. 11l FieriH Pennsylvania Street

Int*L Haivester JohnsrMsnvilU Nat. Biscuit Pub. S. of N J. Sears Roebuck. Stand, of N J. Un. Aircraft U. S. SteeJ Union Pacific Westinghouse

Cash Grain

INDIANAPOLIS —May 25 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—Strong; No. 1 red. 84%@86%c: No .2 red. 83%@85%c; No. 2 hard. 83%@ 85%c. Corn—Strong: No. 2 white. 50®52c: No. 3 white. 49%®51c: No. 2 yellow. 47%®' 49%c: No. 3 yellow. 46%@48%c: No. 2 mixed. 46%@48*Ac; No. 3 mixed. 45%@ 47 Vic. Oats—-Strong: No. 3 white, 33@34c; No. 3 white. 32@33c. —lnspections . _ Wheat—No. 1 red. 2 cars: No. 2 red. 2 cars: No 1 mixed. 1 car; total. 5 cars. Corn —No. 2 white. 4 cars: No. 3 white. 6 cars: No. 4 white, 1 car: No. 5 white, 1 car; No. 2 yellow. 8 cars; No. 3 yellow. 11 cars: No. 5" vellow. 1 car; total, 32 cars. Oats—No. 2 white. 10 cars: No. 3 white, 4 cars; No. 4 white. 3 cars; total. 17 cars. Rye—No 2, 10 cars; total. 10 cars. Local Waron Wheat Citv grain elevators are paying 81 cents for Dio. 2 soft red wneat. Otner grades on their merits. 'Bv United Press) ST. LOUIS. Mo., May 25—Cash grain closed; Wheat—No offerings; 2%e higher on all grades: No. 2 red. 91>/*c nominal; No 2 hard. 92%c nominal; sample mixed. 81c. Corn—ln limited demand. **c to l%c higher; No. 2 yellow. 55®55%c: sample yellow. 52%c: No. 2 white, 59%c. Oats— In limited demand, lc higher; No. 2 white. 38%c , _ TOLEDO. Mav 25.—Gram close: (Grain in elevators, transit bililngsi. Wheat—No. 2 red 94%®95%c. Corn—No. 2 yellow. 38® 59 c. Oats—No. 2 white. 41%@42%c. Rye—No. 2, 63® 64c. 'Track prices. 28%c rate). Wheat—No. 1 red. 91%c: No. 2 red. 90® 906. Corn—No. 2 yellow. 53%®*4%c: No. 3 vellow. 52%®53%c; No. 4 yellow. 52%®52%c. Oats—No. 2 white, 38@39%c: No 3 white. 37%®39c. Toledo seed close. Clover —Cash. $8.25. Alsike—Cash. $8,50. NORTH SIDE T _ Illinois at 34th 7 Double Feature I * Randolph Scott “THE LAST ROUNDUP” “THE BIG SHAKEDOWN” Stm, Onubl# Feature —Clark Gable “MEN IN WHITE” France* !>ee-Ge®c Raymond “COMING OUT PARTY” V* *li ■ 42nd at College PTOWN Double Feature ke $ I>' ” I ’ Monel Barrymore “THIS SIDE OF HEAVEN” “ACE OF ACES” Sun. Double Feature —At Jolson “WONDER BAR’-’ Dorothea Weick “CRADLE SONG” D' _ . 3351 Station St. D U A KK Double Feature It >■ D Randolph Scott “THE LAST ROUNDUP” “THE SHOW OFF” Son. Clark Gable-Claodetta Colbert “IT HAPPENED ONE NIGHT” I * e I 19th and College StratTrtrrl Pnub'e Feature Oil allUl U Ken Maynard “STRAWBERRY ROAN” “Miss Fane’s Baby Is Stolen” Sun. Double Feature —Richard Arlrn “HELL AND HIGH WATER” Clark Gable-Claudette Colbert “IT HAPPENED ONE NIGHT” . . Noblr at Mass. MECCA “sKrESr* “TO THE LAST MAN” “Bureau of Missing Persons” Sun. Double Featnre—Jimmie Durante “PALOOKA” •lark O'hkip-Gii'jjpr Rogpr* “SITTING PRETTY" a fllinoi* at 30th GARRICK “FRONTIER MARSHAL” “TWO ALONE" Sun. Double Featnre —.lame* Cagnev “LADY KILLER" Ann Rro#>k “GALLANT LADY” 30th A Xorthwestero R E X St. Clair at Ft. Wayne ! CT /'“I AID Double Feature *7 I . %LrUl\ Spencer Tracy “THE SHOW OFF” “NO MORE WOMEN” Snn. Double Feature—Will Roger* “DAVID HARUM" Paul Muni “HI NELLIE” v-a ■. arv* Talbot and 22nd I A I K( } I I Double Feature * ANLDVta/ I I „ Falrhank* Jr. “SUCCESS AT ANY PRICE” “FROM HEADQUARTERS” EASTSIDE T A /**i i A 7*42 E. Mash. St. TACOMA "sstssssr | “CROSBY CASE” “STRAIGHTAWAY” Sun. Double Featnre —Slim Summerville “LOVE BIRDS” Constance Bennett-Franchnt Tone “MOULIN ROUGE” ___ . . 1352~K. Wash. St. strand •£:: “MEANEST GAL IN TOWN” “FIGHTING RANGER” Sun. Double Feature—Randolph Scott “THE LAST ROUNDUP” Kay Francis-Ricardo Corte* “MANDALAY” R, . , - . . Dearborn at !oth IV(J | | Double Feature 1 T U I Spencer Tracy “THE SHOW OFF” “WHEELS OF DESTINY” Sun. Nun shearer -RIPTIDE”

WHEAT REACHES HIGHEST LEVEL SINCEFEBRVARY Crop Damage and Forecast for Continued Drought Strong Factors. BY HARMAN W. NICHOLS United Pres* Staff Corresnondent CHICAGO. May 26.—Wheat and oats prices jumped to the highest levels since early in February on Chicago Board of Trade yesterday with crop damage reports and prediction for continued drought the influencing factors. In sympathy with a 4 cent rise in Minneapolis wheat finished 2% to 3Vi cents higher. Corn was 1 to 1% cents up and oats were 11/*I 1 /* to 1% cents higher. At the peak today, wheat was around 2 cents over yesterday’s closing level with July about 90 cents and the active future around 91 cents. Both the Canadian and American northwestern areas reported dry weather conditions with little in the forecast in the way of relief. Grasshoppers are hatching by the millions in the spring wheat territory and threaten ruin to crops. Aggressive buying, which has served to boost corn prices during the last two days, was absent today but sufficient commission house buying appeared to hold prices higher. Chicago Futures Range —May 25 (By United Press) Wheal— Prev. Open. High. Low. Close, close May... .90% .93% .90V* .93% .90% July... .89 .92% .89 .91% Bgt. Sept . .89% .93 .89% .92% .59% Cern— May... .51 .52% .51 .52% .59% July... .53 .54'/* .53 .54% .53% Sept . .54% .56 .54% .55% .54% Oats— May... .35*8 .36% .35% , .36% .35% July... .36% .37% .36% .37% .36% ■ .36% .38 .36% .37% ,36% May... .57% .56'/* July... .57% .59'.* .57% .59% .57% Sept .59% .61% .59% .61 .59% Bariev— May... .. ,4g .48%, July... .47% .48% .47% .48% _47% Sept .48% .48% .47% .48** .48% LardMay .07 6.02 July.. 6.00 6.10 6.00 6.10 6.02 Sept.. 6.22 6.37 6.22 6.30 6.25 Oct. 6.40 6.3* Dec 6:50 6.50 Bellies— May 8.30 s.3* -July 8.35 4 35 Sept 8 62 A62 CHICAGO PRIMARY RECEIPTS —Mav 25Bushels Today Last Week Wheat 336,600 611.000 Corn 1.042.000 514,000 oats 399,000 341.000 EAST SIDE I fi \ / I k I 5507 E. Waah. St. I K V I N C u Double Featnre I US T I I B f,I Bren del “OLSEN’S BIG MOMENT” “MIDNIGHT” Sun. Double Feature—Fredrle March “DEATH TAKES A HOLIDAY” Constanre Bennett-Fram-hot Tone “MOULIN ROUGE” EMBSON^SgS" “ADVICE TO THE LOVELORN” “THRILL HUNTERS” Sn. OntiM Feature —.limmie Ouranfe “GEORGE WHITE’S SCANDALS” Rush fhatterton “JOURNAL OF A CRIME” ■ a .1 2116 E. Tenth Harm son 1 D,,,,h,e FMtnr I lullllll vl I SylTla Sidney “GOOD DAME” “I BELIEVE IN YOU” Sun. Double Feature— France* Dee “COMING OUT PARTY” Constance Bennptt-Franrbnt Tone “MOULIN ROUGE” _ > Jer..at E. Wash. Paramount Do " b ' f rift Itffwi “NO MORE WOMEN” “BATTLING BUCKAROO” Sun. Double Feature—Robt. Armstrong “SON OF KONG” Geo. Raft-f'arole Lombard “BOLERO” • I ■ | i 1500 Roosevelt Hollywood “LOVE BIRDS” “THE POOR RICH”

PARKER r D!\l\L!\ r , ark riab!<> “IT HAPPENED ONE NIGHT” “THE GALLANT FOOL” Sun. Double Feature —Chan. Farrell “THE BIG SHAKEDOWN" Janet Gaynor-Unnel Barrrmor* “CAROLINA" SOUTH SIDE Fountain Square Double Feature Geo. O’Brien “EVER SINCE EVE” * “WAR ON THE RANGE” Son. Double Feature —Rudy Yqljee “GEORGE WHITE’S SCANDALS” Victor Mef.agl'O-Boris Karloff “THE LOST PATROL.” f . A irvrnr Prospect and jaheJby SANDERS “SIX OF A KIND” “LUCKY TEXAN” ' Sun. T>ouhlA Featnre—Walter Wim*hrtl*i “Broadway Thru a Keyhole” Joan Blnndell-Diek Pnw'ell “CONVENTION CITY” ~ I 1105 8. Meridian Oriental n °; h J" ******** Ed T.nwe “NO MORE WOMEN” “FIGHTING RANGER” Sun. Double Feature—Wm. Powell “FASHIONS OF 1934” “VYSTERY LINER” A \ / A I /N k I ** ro P’t. at Chur’mau AVALUN Double Featnre Neil Hamilton ‘“ 5 ” •' ' VPRESS” “WORLD GONE MAD” Son. Double Feature—-IVm. Powell “PRIVATE DETECTIVE 62” firrt -a Gilbert “QUEEN CHRISTINA” WEST SIDE DA Ir,/ 2540 IV. Michigan A1 S ( "‘'n.'UZ™ “GORILLA SHIP’ “THE TEXAN” Sun. Double Feature—Joan Btondell “CONVENTION CITY” Anna Sten “NANA” IT. Wash, al Belmont BELMONT T.’IViT,”” “EVER SINCE EVE” “SUCCESS AT ANY PRICE” Sw A-r . 2702 W. 10th St, I /\ I r Double Feature ! ' A 1 w Randolph Scott “THE LAST ROUNDUP” “DEVIL TIGER” Sun. Double Feature—.limmie Durante “PALOOKA” Geo. O’Brien-Har* - Brian “EVER SINCE EVE”