Indianapolis Times, Volume 48, Number 66, Indianapolis, Marion County, 27 May 1936 — Page 22

T rends Labor Forgotten in New Price-Fixing Proposal. BY JOHN T. FLYNN

YORK, May 27.—Would It not bo well for President Roosevelt to pause a moment now and take stock before he attempts to press further along the line of the Guffey Act and the NRA? This query is suggested by reports from Washington that the President is considering anew Guffey Act in which price-fixing in the coal fields will

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be permitted. It will be remembered that the Supreme Court, while holding unconstitutional the labor provisions of the Guffey Act to protect wages and labor conditions. etc., intimated that Congress might pass a law permi 11 in g coal operators to come together in trade agreements to fix prices.

Flynn

The latest suggestion of the President's friends furnishes an amazing example of the progress and development of ideas. When President Roosevelt was Inaugurated, the Black bill forcing a. 30-hour week was quickly passed through the Senate and was about to be put through the House. The NR A Act was hastily improvised. It is now conceded that the force which set that movement afoot was the Black bill. The Administration was willing to make provisions for the limitation of hours of work and for minimum wages. But it believed this could be done best by agreement among employers. tt a tt NRA Act was then put together permitting employers to enter agreements of all sorts — about prices, trade practices, production, wages. When critics objected to these price-fixing and production controls, friends of the President said they were necessary. In order to get an agency under which wages could be dealt with by agreement, concessions had to be made to business. The concessions were the suspension of the anti-trust laws and the authorization of price-fixing and trade practice provisions in the NRA. At the time it seemed to me that this was a dangerous experiment because I felt that if it were permitted to continue it would develop strong controls for price and trade practice matters and ever weaker controls for wages ami hours. Then the NRA was declared unconstitutional. The Guficy Act was passed providing a little NRA for the bituminous coal fields. It provided an organization like the Wagner Act for the coal fields to deal with labor. It permitted code authorities to deal with pricefixing and production. u tt THE Supreme Court has now declared that act unconstitutional. But it seemed to suggest :hat similar price-fixing provisions alone would be legal. The next development then reveals how far away from the original professed notion of the Administration we have come. For •now it actually considers putting through a bill in which those price-permissions which were said three years ago to be a mere concession to get labor provisions, are to be enacted without any labor provisions. Would it not be well for the Administration to think this over before it sets its foot upon that path? (Copyright. 1936. NEA Service. Inc.) On Commission Row (Quotations below subject to change are average wholesale prices being offered to buyers by local commission dealers.! FRUlT—Strawberries: Tennessee. 24-qt. crate, $4.25. Limes—Mexican, carton, 20c. Bananas —Seven hands, pound 5 4C. Apples —Winesaps (fancy baskets). Lemons— Sunkist (300s). $8 50. Grapefruit -imperial Valley. $3.50 pineapples—Cubans (18-30si. crates, $3.50. Grapes S. America. 20-lb. box. $2. Honey Dews—S. America, $3. VEGETABLES—Beans. green. round stringiest (hampers'. $2.40 Beets—Mississippi bit . Si 35. Carrots—California ifido7 crate). S3 Cauliflower. California 112, crate). $2. Celery—Florida washed and trimmed tdor >. 45@85c; Florida (4s, Rs, 10s crate) $3.50. Cucumbers—Hothouse (doz). 25c (two doz.. box). 5t.65. Corn—s doz. crate. $2.75. Egg Plant— Florida looz.t. $1.50 Kale—Virginia (bit ). 65c. Lett lee Iceberg. California (best 6s. ss), $3 50; home grown leaf 115-lb. basket), 65c Peppers—Mangoes (crate). $3.50; peck basket. $1.15; doz 40c. Mint—Hothouse ido- '. 60c. Mushrooms—Pound. 30c. Mustard—Texas, half crate, $1.40. Onions—Texas Bermuda yellow. 50-lb. bag, $1 15. Parsley—Southern (long bunches, doz.). 75c. Parsnips—Homegrown, washed, bushel. 90c: half-bushel. 50c. Peas—Flor. Ida. hamper. $1.75 Potatoes—Michigan Round Whites. 100-lb. bag, $2.40; R. R. Earlv Ohio. 100-lb. bag. $2.50; R. R. Triumph. 100-lb. bag. $2 60 Sweet Potatoes— Tennessee Nancv Halls hampers. $135. Radishes—Homegrown buttons, doz.. 25c: white, 25c. Rhubarb—Hothouse, doz.. 25c. Rutabagas—Northern. 50-lb. bag, $1.50. Sage—Doz.. 45e. Turnips—New bulk Texas, bu.. $1 25. Tomatoes—Repacked, 10-lb. box. $1.35; Florida, ortg. 16-6) lug, $3.25. FRUITS AND VEGETABLES ißv United Pressi CHICAGO, May 27.—Apples Willow twigs bu.. $1 40 It 1.50. Carrots—lllinois bu.. 50c Sweet Potatoes —Tennessee, bu . $135(i1.40. Beans— Louisiana, bu.. $1. r j© 2.50 Cabbage—Mississippi Jttuce s.ates. $1.50011.60. Spinach—lllinois, bu.. 2b© 35c, Tomatoes- Florida lugs. $1.75© 2.50. Cauliflower -California. crates. $2'.,/ 210 Pras — California. bu hampers. sl.4o''. 160 Induce Western crates $3.50052.75. Celerv Florida crates. $1.75 © 3 Onion market 'SO-lb. sacks) Texas white wax. 75?590c; Texas yellow Bermudas, 87%4j95c. California whites wax. 700i75c. Produce Markets The prices quoted are patd for stock gathered tn the country, while Qehvered tn Indianapolis the price la a cent higher. Heavy breed hens. 15c; Leghorn breed hens, 13c; colored springers. 2 lbs. and up. full feathered, 22c: Leghorn springers I'.- pounds and up, full feathered. 18c; hateback broilers, heavy type. 13c: old cocks. 8c; clucks, white. 5 lbs. and over 7c; geese, full feather, all sizes. sc; all fruineas, 1% lbs. and up. 15c: No. 1 strlctv fresh eggs loss off, 18c; delivered In Indianapolis. 17e. Each full case must, weigh 55 lbs. gross; a deduction of 10 cents a pound under 55 lbs. will be made. No. 1 nutter. 30&31c; No. 2, 27®28c. Butterfat. 34c. (By United Press) CHICAGO. May 27. Eggs Market steady; receipts. 31.882 cases; fresh graded firsts, 20c; current receipts, 19c; extra firsts. 18%c: dirties. 17%e; checks. 17‘^c; Butter—Market firm: recelpvs. 15.044 tubs; extra (92 score), 26%c; extra firsts 'SOS’ 1 -? score). 26©26%c; firsts. 25%ri25%c; specials, 27(ft 27%c; standards. 26%c. Poultry Market weak; receipts. 1 car. 37 trucks: ducks. U&l6c: geese. 9%c: spring chickens, 26© 28c; hens. 15©l8c: turkeys. 16 5.17 c; broilers. 21©25e; Leghorns, last 16c. old roosters, lJ%c: rfyers. 24 ©26c Cheese—Twins 14%)1i14%c: daisies, 156/ 15 %c; longhorns, 15©15%c Potatoes—New stock, supplv nfoderate trading light, market firm: Minnesota Bliss Triumphs, Alabama Bliss Triumphs and Texas Bliss Triumphs. $3,734/3 85: Louisians Bliss Triumphs $3.754'4 old stock, sunply light, demand fair market firm; Idaho Russet Burbanks, $3.50, U S No 2. 82.756/ 3; Wisconsin round whites. *2.30 Arrivals, 68; track. 234; shipments. 759,

-♦ ♦ Abreast of The Times on Finance ♦ ♦

PAGE 22

RESERVE BANK i REPORTS RISE I IN PAY ROLLS Indiana in District Showing Employment Gains During April. Employment and pay rolls in Indiana, Illinois, lowa, Wisconsin and Michigan, comprising the Seventh Federal Reserve district, averaged 2 and 5 per cent higher, respectively, during April as compared with March, according to a report on business conditions released today by the Federal Reserve Bank of Chicago. Except for the holiday peak in employment last December, both volumes reached the highest level for any month since August, 1930, the report stated. Auto Group Active Increased activity in the autoi mobile industry, reflected in gains of 2' 2 per cent in employment and 15 per cent in pay rolls for the vehicle group as a whole, was the largest single factor in the current upturn. Metals and metal products other than vehicles eontribu- | ted as heavy to the gain in emI ployment as did the vehicle group, but only about, one-fifth as great in wage payments, the report showed. Approximately 375.647 persons were employed in the metal and metal products industry during the week of April 15, according to reports of 1474 firms to the Seventh i district Federal Reserve Bank. These j companies paid out $9,549,000 in : wages during the week, the highest ; for any of the classifications rej porting for April. Wage earners in- | creased 2.4 per cent and earnings 3.3 per cent, it was reported. Earnings Show Gain Substantial expansions in employment and pay roll volumes also was shown by the rubber products and stone-clay-and-glass industries. Two hundred and fiftytwo firms of this class reported total employment at 22,865 for the week of April 15, and earnings at $485,000, an increase of 8.3 and 9.6 per cent, respectively, compared with the previous month. i Exceptions to the upward trend within the manufacturing groups were furnished by leather products where employment decreased per cent and wage payments B’i per cent, and by the textiles and paper printing industries which showed curtailments in pay rolls but practically no change in the volume of employment. Fay Roll Volume Up Only one of the nonmanufacturing groups merchandising registered a gain in both the number of workers employed and in wage payments. The construction industry showed a substantial increase in nay roll amounts, while maintaining employment at the level of the preceding month. The increa.se in construction pay rolls amounted to 11.8 per cent, the highest for any group excepting that of vehicles which advanced 14.9 per cent during April. SECURITY COSTS LISTED Times Special CHICAGO May 27. —The Erie Railroad in its monthly earning report for April listed for the first time social security costs of $32,401 for the month. For the first four months this year costs were listed at $129,629. New Bond Issues (By Lyons & Cos.) Bid. Ask. Asso Tel 4s '66 105% 106 •B & O 4'as ’39 985* 99% Brooklyn Edison 3'*s ’66 ...101% 102% [Brooklyn Man Tr 4%s ’66 .100 Cal Ore Pwr 4s ’SO 971* 97 s * Cent Maine 4s ’6O 103 103% Cent 111 3 1 is ’66 .. .105% 106 1 a C (z A and Rep Imp 3%s ’96.. 101’* 101“* Chicago Un Sts 3 3 *s ’63 . .107% 107% Chic West Ind 4%s ’62 102 Cinn Un Term 3%s "(l ... 105“* 106 1 a Cleve Etec Illttm 3%s ’65 ..110“* 111 Cleve Tractor 5s ’45 105'a 106% Columbus Railways 4s ’65 ...105% 106 Conn River P & L 3%s '6l. 105 105*4 Consolidated Ed 3’ 4 s '46 ..104’* 104“* Consolidated Ed 3%s ’56 103“s 103% Consumer Power 3%s ’76 ...103% 104 1 s Cudahy Pkg 3“*s '55 101 1 * IGI% Cudahy Pkg 4s ’SO .. 102% 103% Eastern Gas & Elec W 4s '56 93 93% Edison Illus Bost W 4s '56 107% 107% j lowa South Util 5%s ’SO 102*4 'Kansas PL 4’aS '65 103 1 4 108% j Jones <fc Laughlin 4%s ’6l ... 99“* 100% Los Angeles G <fc E 4s '7O ... 105“s 105% I Maine Cent 4s '45 99% 100* 4 Metro Ed 4s '65 107“* 108 Minn Gas & Lite 4s ’SO .. 104 104“ r Motion W Dr 4%s 60 105 105> 4 N Y Edison 3’ 4 s ’65 101 7 a 102 * a N Y Cent 3“ 4 s ’46 97% 98’s Norway 4’ 4 s '65 96% 97 Ohio Edison 4s ’65 105 s * 105% Pacific Lite 4%s ’45 105** . 105% Pacific G & E 3“ 4 s ’6l 104“* 104% IVnn R R 3“*s ’7O 101% 102 Penn Tel 4s '65 106 Pub Serv N H 3“*s ’6O 105% 105% Railway & Lit* 4' 4 s '55 108 110 Saguenay Pwr 4' 4 s 586 99*4 99“i San Diego O & E 4s 65 109 1 * So Cal Gas 4s '6O 104% 104 s a i So Cal Ed 3“ 4 s '45 105 105% S O of N J 3s '6l 98 7 s 99% So Western G & E 4s ’6O ...102% 103% Union Pac 3%s ’7l 99% 99“ 4 U S Pipe <V Fdy 3%s ’46 109' 8 109^ U S Pine & Fdy 3%s '46 .... 109’* 109“ 8 West Penn 3%s '66 106*2 106“ 4 Wise C> A- B 3* 2 s ’66 . 102% 103 Youngstown Sheet A- T 4s ’6l 98’a 98% Ygstwn Sht & T Deb 3%s ’sl 104 % 104% Local Securities (By Indtananolts Bond and Share Corp.) The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level based on buying and selling inquiries or recent transactions. ' BONDS Bid. Ask. Home T <fe T Ft Wve 5%s ’55.. 103 105 Home T & T Ft Wye 6s ’43 . .103 106 Indpls Railways Inc 5s ’67 . 64 67 Indianpls Water Cos 4%s ’4O 106 108 Indianpls Water Cos 5s ’6O 105 107 Indianpls Water Cos 5s ’7O 105 107 Indianpls Water So 5%s ’53 .103*4 106 Indianpls Water Cos 5%s '54..103* 2 106 Interstate T <fc T s*js ‘53 .. 95 * a 98 Kokomo Water Works 5s ’56 ..104 105 Morris 5 & 10 Stores 5s ’SO .100 103 Muncie Water Wks 5s ’65 ~lo3*a Noblesville H L A- P 6* 2 s ’47..101 103 Ohio Telephone Serv 6s ’47 .. 99* a Richmond Water Wks 5s ’57.. 105 106 * j Seymour Water Cos 5s ’49 ..101 104 Terre Haute Tct & L 5s ’44 ..106 108 Terre Haute W Wks 5s ’56 .102 104 Terre Haute W Wks 6s ’49 .103 105 Tct Terml Cos 5s ’57 75 78 STOCKS Belt Rati &S Y Com 53>j 56 Belt Rail i S Y Pfd 6s 52 Central Indiana P pfd 7s 16‘i 19*’ 3 Home Tel & Tel Ft Wye 7s ... 52* 3 54>. a Hook Drugs Inc Com .. 17U 19 Ind & Mich Elec Cos pfd 7s . 105 108 Indiana Genl Serv Cos 7s ... 98 1 00*4 Indiana Hvrtro Elec Cos 7s ... 53*j 56* 2 Indianapolis Gas Cos Com .29 34 Indianapolis P <fe Let pfd 6s 88 91 Indianapolis P & L ct pfd 6>js 93 96 Indianpolis Water Cos nfd 5s 102*4 105 North Ind, Pub Serv pfd 5* 2 s 67 70 North Ind Pub Serv pfd 6s . 72’ a 75* • North Ind Pub Serv pfd 7s ... 81 * a 84* 2 Progress Laund Cos Com 10* a 12 Pub Serv Cos of Ind pfd 6s ..19 22 Pub Serv Cos of Ind pfd 7s 39 ’42 SouthSfn Ind G & Efcec pfd s 99 102 Terre Haute fflec Oo 6s 92 94 Union Tile Cos Com 19 La 21 La

New York Stocks

Volume approximated 1,220,000 shares, compared with 1.140,000 shares yesterday. Curb sales were 239,000 shares, compared with 219,000 shares yesterday. Dow-Jones preliminary closing averages showed indusriai 152.61, up | .35; railroad 46.33, up .12; utility 31.51, off .14. (Bv Thomson & McXtnnonl Prev. Oils— Hish. Low. Close. Close. j Atl Rfg 28“ a 274 27* 4 28*2 Barnsdal! lt>“ 4 16“ 8 16% 16% ! Consol Oil 12 U 12 12 12 . Coat of Del ... 30“a 29% 29% 30*, Houston mewi . 8 7 , 8% 6 8% Mid Cent Pet .. 19** 19 19’s 184 Ohio Oil 13V, 13*, 13’a 13’ Pet Com 12% 12 * 4 12% 12% Phillips Pet ... 41% 40% 40% 40% Plymouth Oil ... 14% 13% 13% 14% Pure Oil 18% 17% 17% 17% Seaboard Oil ... 32*2 31 31% 31 Shell Un 17% 16% 16' a 17% Skellev OU 22% 22% 22% 22% Soc Vav 13 */ 12% 12% 12% S O of Cal .... 37% 36% 36% 37% SO of Ind 34% 33% 34 33% S O of N J 60 5 9 59 a9% Texas Coro •34 33% 33% 33'* Tidewater Assn. 15% 15% 15% 15% Un Oil of Cal... 22% 21% 21% 22 Steels— Acme Steel ... 62 61% 62 61 Am Roll Mills . 27% 26% 27% 26% Beth Steel 53% 51 */4 52% 52% Bvers AM. 18% 18% 18% 18’/* Cruc Steel 33 Vs 34! % 32% 32 Inland Steel 93 92 93 92% Ludlum Steel .. 25% 24*/4 25 24% McKeesport Tin 107% 107 % 107 1 3 106*% Mid Steel 40% 39V* 39% 39V* Natl Steel 61% 61 61'% 61 Otis Steel Is“* 15 15’* 13% Rep Iron & Steel lu“* 18“* 191* 19% U S Pipe & Fdy 3!'*% 38% 39% 38% U S Steel ... 6:% 59',* 60% 60% U S Steel pfd ..12. 124', 124’, 125% Warren Bros 8% 8% B'% 8% Warren P & Fdy 23% 23% 23’a 23% Youngstn S& T 60% 56% 60'* 56% Motors— Auburn 31', 30V, 30% 30% Chrysler 98 96% 97 97% Gen Motors ... 63*2 62% 62% 63’, 2 Graham Mot ... 2% 2'% 2% 2'% Hudson ... 14% 14% 14% 14% Mack Truck . . 30% 30 30% 30% Nash 17’* 16“* 16“* 17V* Packard 10% 10% 10% 10% Reo 5% 3'/* 5% s'* Studebaker 11% 11 % 11% 11% Yellow Truck .. 18V* 17% 17% 18% Motor Access— Bendix 28% 27% 28 28V* Bohn Alum 49 48 48’/* 47’% i Borg Warner .. 74% 73% 74 73% : Briggs 48'% 47“ 4 48 48% Budd Mfg 15'% 15% 15'/* 15'% Budd Wheel 11% 10% 11'/* 10% Eaton Mfg .. 32% 32"* 22V* 32 Elec Auto Lite.. 36% 36 36 36% Elec Stor Bat . 45'/* 45 45 45' Greyhound "B”. 58% 58 58% 58% Houdaille ... . 24% 24 24 24-% Murray Body ... 13% 15% 15% 15% Stew Warner ... 19% 19 *9 191/* Timken Roll 64% 64 64 63% Timken Det Axi? 16% 16% 16'% 16% Mining— A las ™ , Ju , n 13% 13% 1.3% 13% Am Metals 29%. 28% 29% 27% Am Smelt 78% 77% 78 77% Anaconda 34% .34 4 34% , Cal & Hecla .. . 11% io% io% 10% Cerro De Pasco 55 54% 55 55 Mines ... 56“ * 55% 56% 55% Gt Nor Ore .... 17% 17% 17% 17% Howe Sound ...51% 50% 50% 51% Ins Copper ... 10% 10% m% in'. Int Nickel .... 47% 46% 47 47 Isl Crcok Coal. 26% -26% 26% 26% Kennecott Cop . 38% 37% 38% 38% Mclntyre Mine. 4.3 42% 43% 42% Park Utah 3% 3% 3% t“ 4 ?f hel Tno ?° and d g c '" 34% 33“* 34% 34% ot Joe Lead .. 25 24 1 ? 943% U S Smelters. 90 89 90 89 Vanadium 19% 18% 19% 18% Amusements— Crosley Radio. 26% 26 26 or it Loews Inc 47“'* 47% 47% 47% Radio Corp 11% 10% 11 11% Paramount 8% 7% 7% 8 RKO ..... 6 534 6 c Warner Bros ... 9% 5% 9% 9.% Tobaccos— A m Sum Tob .23 22% 23 22% Am Tobacco ’A’. 92% 92 92 90% Am Tob 8’.... 92% 92 ’ i 92% 92’, Gen Cigars... 56% 56% 56% 56% L‘B. * Myers B 108 108 108 108 D?'! ! ar! L 22, < 221 8 22% 22 Phillip Morris 83% 82 82 83% Reynolds Tob ‘B’ 53 Vi 53% 53% 53% Rails— Atchison 73 71% 71% 72% Atl Coast Lines . 26% 25% 26 26 £& 0 18% 18% 18% 18% Can Pacific 12% 12% 12% 12% Ch & Ohio 57% 57 57'/* 57% Chi &Gt W pfd. 5% 5% 5% 5% C M & St. P . 1% 1% M & St P pfd 3% 3% 3% 3% Chi N “V 33 32% Chi N W pf d ... g,', 7% 8% 8 Dela & Hud ... 42’* 41% 41% 41% Del Lac &W .. 17% 16% 16% 16% Erie 13% 13 13% 13% Erie pfd 20% 19% 20 19’i Gt Northern pfd 40% 39 29*1 391... IU Central 21% 20% 20% 20% K C Sou 21% 20% 21% 21% Lehigh Valley .. 10% 9% 9% 10% E°u & Nash 67%. 66% 67 V* 67 M K & T ... 8% 8% 8% 8% MK & T pfd... 22% 22% 22% 23% Mo Pac pfd 5Vs 4% 5% 4% NY Cent 36% 35% 36% 36% NY New Haven 3% 3% 3% 3% Norfolk & West 237% 235% 233% 236 Nor Pacific 30*% 29% 29% 29% Penn R R 31% 30% 31 30% SOU Pac 34'% 33'* 33% 33% Sou HR 16% 15% 16% 16 Union Pac 128 127 128 126% Wabash 32% 32% West Maryland-. 9% 9 9 9% Equipments— Am Car & Fdy.. 35% 35 35% 35“i A m if 0C ? ™‘ • • 28 ’'® Am Steel Fdy .. 29% 29 29 29’/. Bal„ Loco 3% 3% 3% 3% Gen Am Tnk C 48“i 48’* 48“ a ' 48 Gen Elec . .. 377 8 37',* 37% 37“i Gen R R Sig 39 39 39 38 Pullman Inc .. 47 46% 46% 46% West Air Br 39% 39'* 39% 39 Westlngh Elec 118% 115% 116% 117% Utilities— Am & For Pwr 7'i ?% 71/, rs/. Am Power & Lit 11% n 11% AT&T 166 165 165 Am Wat Wks .. 22% 22V* 22% 22“* Col Gas & Elec 19 5 a 19 191* Comm & Sou .. 3% 3% 3:4 %i? gonsol Gas 33“ a 32’* 32% Elec Pwr & Lit 16 15% 16 15% Int Hydro Elvc. 3% 33 lm e T°& t T ■ 13% 14 8 int. I & T . . 14'* 13% 14 141; Lou G& E A . 22V, 22 22% 22 Nat Pwr & Lit 10% 10% 10% in“', North Amer ... 27% 26% 2fi.% ArtV Pac G& B .... 36% 36 * 36% 36^ Gas .. 45 43 3 4 43 3 4 Pub Serv N J.. 45 44% 45 44“i .. 273* 2 r; 2 ? < 'l*: Ti iuT Pwr &"Lt A 1 5 7 * Western Union . 82% so“ 8 80% 81% Rubbers— Firestone 28% 28 2% lav Goodrich 20% 20 20% io%’ Goodyear 25% 24 7 25“. ok U S Rubber . .31 30 30% 30' U S Rubber pfd 74% 72% 73% 74 Miscrllancous— Aliis Chalmers.. 45 3 4 44 3 i 443; 4^l^ G. an • 130 3 129 ] 4 129 j 2 129 ! 4 Am Mach & Fdy 24% 24 24% 24 Brklyn Man Tr. 47% 46% 46% 48 Burroughs Add 26% 26 26 26't i * Case 162 160 160 161% Conti Can .... 7o 3 4 75 75 751, Caterpillar Tract 75 74 74 u*'. Crown Cork 52% 52 % 521,1 Curtis Pub 18% is’* 18% ,51 4 Deere &Cos . .79% 77“f 7I * Wft Fo^!T a Vu° and , ak 161 IM 161 2 Eo ? tor Wheeler. £9% 28% 28% 27% G “ e . tte 16 15% 15% 15 3 * Glidden 46% 46 46% 45 7^ Int Bus Mach ..169 168“* 168“* 168 * I' 1 '” H arv ... 87% 86 Natl Cash Reg .. 23% 23 23 23% Owens Bottle .146% 145% 146% 144“* Rem Rand 20% 20 20“ a 20% Underwood E 84% 84% 84% 84% Worthingtn Pmo 28 28 28 28 Foods— Am Sugar 56 55 ’, 56 56 Armour 5 41, 4 i r Beatrice Creamy 22% 22“. 22“ 23 Borden Prod ... 231, obi. Cal Packing . . 31% 31% 31’* §??* Can Dry G Ale 12% 12% 12% 12% Coca-Cola .. 99 3 4 7 3 1 q Cont Bak A’ .. 14“ a 14 * 14 14% Corn Prod 78“, 77% 78 78% Cuban Am Sugar 11% 11 n j? 4 Gen Bakine 11% n% n% j, Gen Foods 38% 38% 38% 38% Gold Dust 16% 15*8 15% 16% G W Sugar 36% 36 36% 35% Hers’iev 74 74 74 73 * Natl Biscuit ... 35% 34% 34% 35% Natl D Prod 23% 23% 23% 23% Purity Bak ..10% 10% 10% 10% S Porto Rico Sug 27% 27% 27% 27% Std Brands 15% 15% 15% 15% Un Biscuit 27% 27% 27% 27% United Fruit ... 78% 77% 77% 77% Ward Bak ,B).. 2% 2% 2% 2% Wrigley 66% 66 66 V* 66 Retail Stores— Ai led Stores . 9% 9% 9% 93, At*d Dry Goods . 16% 16% 16% 16 Best &Cos 54 53 53% 53 First Natl Stores 45% 45% 45% 45 Gtmbel Bros 11% 10% 11 11 Gm Un Tea 3% 3% 3% 3% Jewel Tea 71 71 71 70% Kresce S S ... 21% 21% £l% 21 Kroeer Groc ... Macv R H 43% 42% 42% 42% McCrorv St ... 12% 12% 12% 13 MeLeilan St .. 13>* 12% 12% 12% Marshall Field . 16% 16% 16% 15“* Mav Deot St .. 48% 47% 48 47% Mont Ward ... 44% 43% 43“. 43% Natl Tea 8% 8% 8% 8% Pennev J C 80 79 79 79% Safeway St ... 32 31% 31% 31 Sean Roebuck .74 72% 73% 72% Woolworth 50 49% 49% 50 Aviation— Aviation Coro .. 5% s’* $% 5% Boeing Aircft... 20% 13La 13La 18%

WEDNESDAY, MAY 27, 1936

| Curtiss Wright. 6% 6% 6% 6% 1 Curtiss Wrr. ‘A’. 15% 15% 15% 15% iDouglas Air ... 58% 57% 57% 58 i Nor Am Av 8% 8 8% 8% Soerrv Coro 18% 17% 18% 17% Ltd Aircft <newi 23% 22-% 23 22% Chemicals— Air Reduction... 67% 60% 60% 66% Allied Chem . 197 194% 19/ 193 i Am Com Alcohol 23 22% 22% 22% Com Solvents .. 16% 16% 16% 16% Du Pont 144 143% 144 143% Freeport Tex ... 29% 29 29% 28% Liquid Carb .... 36 35% 35% 36 Math Alkali ... 30 29% 29% 30 Monasnto Chem 85% 83% 84% 82% Natl Dis (new;.. 29% 29 29 29% Schenie.v Dist .. 43% 42“* 42% 43% Tex Gulf Sulph 35% 35% 36% 36 Union Carbide 84% 83% 84% 84 U S Indus Alcohl 38% 36% 38% 38% Drugs— Bristol Myers .. 43% 43% 43% 42% Coty Inc 5 5 5 5 Lambert 21% 21% 21V* 21 Lehn & Fink ... 14-% 14% 14% 14% Sterling Prod ... 68% 63% 68% 68% Un Drug (new).. 13% 13 131% 14 Vick Chem 41 41 41 40 Zonite Prod 6% 6% 6% 6% Financial— Adams Exp 11% 11% 11 % 11% Allegheny Corp.. 3% 33% 3 Am Int Corp... 10% 10’% 10% 10% Chesa Corp 65% 65 65% 64% Lehman Corp 96% 96% 96% 96 Transamerica .. 12% 12% 12% 12’’-. Tr Conti Corp... 8% 8% 3% 8% Building— Am Radiator 20% ,19% 20 19% Gen Asphalt 26% 26 26 26% Holland Furnace 35% 35% 35% 35 Int Cement ... 47% 46% 46% 47’% Johns Manville . 97% 95 97’% 96 Libby Owens Gls 55 54% 54% 54% Otis Elev 27% 27% 27% 27% U S Gypsum 92% 92 92% 92 Ulen Cons 5 5 5 4% Household— CoL Pal Peet ... 14% 14 14 14% Congoleum 34% 34% 34% 35 KeJvinator go 1 * 20 20 20% Mohawk Carpet. 22% 22 22% 21% Proe & Gamble 41% 40% 40% 41 Servel Inc Simmons Bed .. 28% 27% 28 27% Textiles— Amer Woolen .. 8% 8% BVi S’% Belding Hem ... 14V* 14 14 14% Celanese Corp .. 23% 22% 23 22% Collins Aikman. 44% 43% 44% 44% Gotham Hose .. 9% 9’% 9’% 9% Indus Rayon 27% 27% 27% 27’ Kayser Julius .. 28% 28% 28% 28 Chicago Stocks (By Atkins. Hamill & Gates) Prev. Close. Close. J D Adams . 16’ ’■> 16*,£ Advance Aluminum 7% 7% Asbestos Mfc 3% 3% Associated Investors 41 40% Bastian-Blessing 11% 12V* Berghoff 12% 12*8 Butler Brothers 9 8% Cent 111 Pub Service nfd 61 60 % Cities Service 4% 4% Common we Ith Edison 99 98%' Continental Steel 32 32 Cord 4% Crane 28% 281* Davton Rubber 17 Electric, Household 14% 15 General Household 8% 9 Godchaux Sugar ’A’ 34 .... Godchaux Sugar B’ 16 Grt Lakps Dredge 28 23 Jarvis Mfg 191* 19% Ken-Rad T&L 10% .. Libby McNeil & Libby 7% 7V* Lincoln Printing 11% McGraw Electric 30% 30 Musk Motor Sp (A) 20 Noblitt-Sparks 27 Northwest Bancorporation 9V 4 9 Northwest Engineering 21% ... Public Service of Northern 111 54% 54 Swift'lnternational 29*% 29% William Oil-O-Matic 13 12 Zenith 21% 21% New York Curb (By Atkins. Hamill & Gates) Prev. Close. Close. Aluminum Cos. of America 121 122 Am Cvanamid ’B’ 34% 35% Am Gas & Elec 37% 37 Am General 1 8% 3% Am Superpower 2% 2% Ark Natural Gas ‘A’ 6 6 Atlas Corn 12% 12 Canadian Indust Alcohol ‘A’.. 7'a . Carrier Corn 8% 8% Creole Petroleum Corn 26; a 26% Crocker-Wheeler 11 11% Elec Bond f* Share .. .• 20% 20% Fisk Rubber 5% aVg Ford Motors Canada ‘A’ 21% 22 Glen Alden (1) 13% M, Greenfield Tan & Die Corn .. 7 6% Gulf Oil of Penn 80 * 81 Humble Oil & Refining Cos 58% 59 Huvler sos Del Pfd . 10% l]- 2 Hvgrade Food • •• Imperial Oil of Canada pl% 21 2 Irving Air Chute 21 20,2 Lake Shore Mines 58,2 57 a Molybdenum Corp of Amer.... 8% 8 * Mueller Brass Cos 29% 30/* Natl Bellas Hess Inc 2% 2_ 2 Niagara Hudson Pwr 9% Pan-American Airways 57% 01 Pennroad Corp 4% 4/8 Reliable Stores Corp Root Petroleum 15% 15.8 St Regis Paper Cos 2 a 3' B Salt, Creek Producers’ Assn ... 8% B’* Segal Lock 2 ? 3 Sonotone • 2 A 2 - 8 Standard Oil of Ohio 27% 28 Sterchi Brothers Stores 4% . • Stutz Motor Car of Amer 3 2a Technicolor. Inc 30 3?;' 8 Wayne Pump 30 31 ,* Investment Trusts (By Thomas D. Sheerin & Cos.) Bid. Asked. Administered Fund 2d Affiliated Fund Inc 1-82 2.00 American General Equities .. 1.03 1.05 ‘American Business Shares.. 1.11 1-21 Bullock Fund Ltd 17.40 18.88 Broad Street Investing ..... 28.87 30.88 Century Shares Trust .... 26.00 27.96 Collateral Tr Shares “A”.... 6.43 . _ Corp "A” or “Accum ’ (mod) 3.29 3.32 Corp "A” or “ACC” (unmod) 2.63 2.67 Corp Trust Shares (orig) 2.73 2.;6 Diversified Trust Shares “B’ 10.25 10.3a Diversified Trust Shares “C” 4.42 4.46 Diversified Trust Shares “D’ 6.71 6.81 Division Shares Inc 1-59 H 73 General Investors Trust 5.77 6.35 Incorporated Investors 21 -®9 Investors Fund Amer 1-01 ,1-11 Market St Investment Corp 29.83 31.07 Maryland Fund 18.60 20.16 Massachusetts Investors z 5.25 26.48 Nation-Wide Sec Cos “B’’ 4.25 • Nation-Wide Voting .-•■■■• 1(3 187 North American Tr Shs 1935 3.31 3.3a North American Tr Shs 1956 3.27 3.31 Nor American Tr Shs (orig) 2.52 •• • • Quarterly .Income Shares ... 1.53 1.69 Selected'Amer Shares Inc 1.52 1.66 Selected Amer Shares (orig) 3.60 Selected Cumulative Shares. 9.32 •••• Selected Income Shares • 4.86 4.96 State Street Investment Corp 9i.00 102.00 Super-Corp of America “A”.. 2. i9 2.82 Super-Corp of America “BB” 2.82 2.86 Super-Oorp of America ‘“A” 4.12 4.17 Super-Corp of America “B”. 4.31 4.a6 Super-Corp of America “C” . 8.05 •• ■ ■ Supervisecf Shares Inc (Dela) 12.95 14.21 Trustee Stand Oilshares “A" 6.00 6.90 Trustee Stand Oilshares “B” 5.94 6.04 Trustee Stand Invest “C” .. 2.92 2.96 Trustee Stand Invest “D” .. 2.86 2.89 United Standard Oilfunds .. 1.16 1.28 Uselps “A” 18.a0 18.85 Uselps “B“ 2.81 Uselps Voting 109 •••• *Ex-Dividerid. Unlisted Stocks (By Blyth & Cos.) NEW YORK BANK STOCKS Bid Ask Bankers Trust - 55% 57% Central Hanover 109% 111 1 * Chase 37% 39% Chemical _5 3 '' B Guaranty , 286 289% Irving 15 16 va Manufacturers 45% 47% National City 34 35% Cont 111 Chicago 150 152“* First National Boston 44% 46% National Shawmut 26% 28% EIRE INSURANCE Aetna Fire Ins 54 56% Amqricap Ins of Newark 14% 18% Baltimore American 8% .“A* City of New York 25% 27% Federal Ins 45 49% Franklin Fire 30% 37% Great American Ins 27% 23% Hanover 39 41 Hartford 74% 76% Home Ins 36 37% Ins Cos of A 71*2 74% National Fire 72% 74*2 National Liberty 9% 11% North River 27V* 29% Phoenix .. 87*2 89 3 * U S Fire 51*2 53% Westchester Fire 34% 36%

FOR THE GRADUATE BHP^v SKEAFFER’S PEN and PENCIL SETS, $2.95 Up THE PEN HOSPITAL 141 E. Wash. St. RI. 1888

STOCK MARKET RETAINS GAINS OF YESTERDAY Steel Shares Rise With Rumor of Increase in Prices. BY ELMER C. WALZER United Presii Financial Editor NEW YORK, May 27.—The stock market today consolidated yesterday's gains in moderate dealings. The list rallied after an early decline and numerous issues held gains through the close. Opening steady prices eased off on moderate profit-taking. Trading turned dull on the decline. Later it picked up afd the list rallied under the leadership of steel shares. For a time the whole market was higher. Toward the close the automobile issues slipped to around the previous close and some of the oils yielded to moderate selling. Incentive for steel share buying was furnished by the magazine iron Age. That authority placed operations at 68 per cent of capacity, down only % point, and said that if steel companies hold to plans for a price advance July 1 June should make the best showing of the year in shipments. Sheet & Tube Gains 44 Points Youngstown Sheet & Tube at its best was at 61, up 4!4 points. U. S. Steel reached 61%, up 1 *4; Bethlehem 53%, up %, and Republic 19%, up %. These issues dipped from the top levels before the close. Railroad issues turned irregular, although losses were very small. Utilities also moved narrowly. Chemicals were strong, with Allied up 4 points. Nonferrous metal stocks were steady to firm. Johns Manville rose more than a point. Rubber shares made small gains. Several issues made netti highs for the year, including Coca-Cola, Gimbel, Norfolk & Western, Sears-Roe-buck. U. S. Pipe and Foundry and Zenith Radio. Wright Aero appeared at 80%, up 10 points on odd-lot sales. Thatcher, Celotex Preferred, Hercules Powder, Monsanto Chemical and Nickel Plate issues gained 2 to 4 points each. Hercules directors raised the quarterly dividend from 75 cents to $1.25. American Power and Light preferred issues were bid up when the dividends were doubled. Union Carbide responded to the rise in its dividend from 50 to 60 cents quarterly. Money and Exchange INDIANAPOLIS STATEMENT Clearings $2,734,000 Deblt s 6,016,000 TREASURY STATEMENT (By United Press) WASHINGTON, May 27.—Government expenses and receipts for the current Fiscal year to May 25. as compared with a year ago: This Year. Last Year. Expenses ,$6,465,306,873 $6,403,138 357 Receipts 3.559.888,) 18 3.305,031,056 Deficit ...... 2.905.418,755 3,098,107,300 Cash Balance. 2.357,191,967 1,623,957,650 Public Debt .. 31.590,742,?'*7 28.617.456,001 Gold Reserve . 10,382,458,580 8,765,301.734 Customs 350.429.) 63 309,057,712 FOREIGN EXCHANGE (By Abbott, Proctor & Paine) Prev. Par. Country. Close Close. $8.2397 England $4,98 7-16 $4.98% .0663 France ... .0658% .0658’A .0891 Italy 0786 .0786% .1695 Belgium 1691 .1691 .4033 Germany 4027 .4026 .3267 Switzerland .. .3231 % .3232 .6806 Holland 6757 .6758 .3267 Spain 1364% .1364% .4537 Norway 2506 .2502% .4537 Sweden 2570 .2568 .4537 Denmark - 2226 .2223% 1.6931 Canada 9984 .9984 Daily Price Index (Bv United Press) NEW YORK. Mav 27.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average 100): Today. 115.13 (new low). Yesterday 115.78'Year ego 118.71 Week ago 116.70 1936 high 123.40 Month ago . 119.3611936 low 115.13 (Copyright, 1936. by Dun & Bradstreet, Inc.) Commodity Prices (By Abbott. Proctor & Paine) COTTON NEW YORK Prev. High Low Close Close May 10.48 10.40 10.40 10.47 July 11.52 11.47 11.49 11.48 October 10.50 10.45 10.46 10.46 December 10.41 10.34 10.37 10.36 January 10.39 10.34 10.35 10.36 March 10.46 10.38 10.38 10.42 Spot, up 1: middlings. 11.74. NEW ORLEANS Prev. High Low Close Close May 10.37 10.42 July 11.45 11.42 11.42 10.43 October 10.45 10.40 10.41 10.35 December 10.36 10.33 10.33 10 34 January 10.33 10.32 10.32 10.39 March 10.40 10.38 10.38 NEW TORK COTTONSEED OIL Prev. High. Low. close, close. July 8.90 8.90 8.90 8.74 September ... 8.98 8.91 8.91 877 May 8.95 8.95 SUGAR Prev. High Low Close close July 2.84 2.83 2.84 2.83 September 2.80 2.79 2.80 2.78 November .... 2.74 2.74 2.74 2.77 BUTTER Prev. ~ , Close close November •. 28b .27% June 26%b .25% EGGS Close close _ . . Prev. October 23%b .22% d—bid. UTILITY DELAYS OFFERING Times Special WASHINGTON, May 27.—The New York State Electric & Gas Cos. today notified the SEC through an amendment of it's registration statement that the offering date of its $17,500,000 4 per bonds had been changed fre .1 June 1 to June 15.

INCORPORATED INVESTORS —an investment in common stocks— Founded 1925 in Boston, Mass. Prospectus, latest quarterly report and other information available at our office Indianapolis Bond and Share Corporation I*9 E. Market St. Indianapolis Riley 4551

RENTS GAIN ON BUILDING COSTS itoi - j j j-no j £ CO . ST J = 80 i 6C S 70 J J-70S 5 " S BO- 60* 19?9 1930 >931 1932 1933 1935 *93g THE F&BKER COOP, GENERAL DISTRIBUTORS INCORPORATED INVESTORS Rents are going up. Building costs are remaining relatively steady. Such a continuing condition should mean greater building activity. As to house rents, every month since January, 1934, has shown an increase, with rents now 10 per cent higher than a year ago. Under depression conditions many families found it necessary to "double up." The improvement in family finances reverses this process, creating a demand for homes. That is one reason why residential building has increased faster than industrial building. Speculative building is still at a low rate, with most residential construction by the owner. The greater ease in obtaining mortgage money together with lower rates naturally helps the home builder. The ever growing tax is now the blackest cloud on the building horizon.

WHEAT PRICES RISE FRACTIONS Lack of Moisture in Spring Crop Section Aids Upturn. By United Press CHICAGO. May 27.—Wheat prices held about steady today on the Board of Trade. At the end wheat was up % to Vi cent. Corn was up % to % cent and oats were off % to up % cent. With the May delivery out of the way, wheat prices opened steady and rallied somewhat as reports of lack of moisture were received from the spring wheat section. Corn Market Firm A decline followed, however, as bearish estimates indicated a larger wheat crop was expected in Kansas. On the upturn professionals were fairly good buyers of July against sales of September. Selling of locals and scattered commission houses were in evidence on the decline of wheat. Corn futures developed a firm undertone at the opening and held the gain throughout the session. Pressure was light and scattered buying in small amounts affected the market. Oats held about steady in a dull market. Rye developed a firm undertone in early trade but pressure was light and prices tended to steady. (By United Press) Prev. High Low Close Close Wheat— Julv 84% .83% .83% .83% Sept 83% .83% .83% .84 Dec 85% .86% .85% ... Corn— July 60% .59% .60% ' .59“4 Sept 58 .57*4 .57% .57’/* Dec 53 .52% .52% ... Oats— July 24% .24% .24% .24% Sept 25% .25V* .25’,8 .25% Dec 27 .26% .26% ... Rye— July 53% .52% .53 .52% Sept 54% .53’/* .53% .53% Barley— July 39A .39 Lard— May 9.95 10.02 9.95 10.02 9.95 July 9.97 10.07 9.95 10.05 9.95 Sept 10.00 10.12 10.00 10.12A 10.00 A—Ask: B—Bid. CHICAGO PRIMARY RECEIPTS —Bushels— Today. Last Week. Wheat 410,000 629,000 Corn 720,000 352,000 Oats '.... 237,000 169,000 INDIANAPOLIS Wheat—Easy: No. 1 red, 87@68c: No. 2. red, t6()iß7c. Corn—Strong: No. 2 white, 60(b.62c; No. 3 white, 58<fi60c: No. 4 white, 54'2t"58c; No. 2 yellow, 58(5:59%c; No. 3 yellow, 55% ©sßc; No. 4 yellow. 53 % <n. 55%c; No. 2 mixed. 57©58%c; No. 3 mixed, 54%r057c; No. 4 mixed, 524/54',be Oats— Steady: No. 2 white, 23(g.25c; No. 3 white, 21@23c. LOCAL CASH MARKET City grain elevators are paying 85 cents for No. 2 soft wheat. Other grades on their merits. Cash corn new No. 3 yellow 56 cents and oats 18 cents. (By United Press) CHICAGO, May 26. —Cash grain: Wheat —No sales. Corn —No. 3 mixed, 62c; No. 1 yellow, 64@65c; No. 2 yellow, 63%@ 64 %c: No. 3 yellow, 62%@64c; No. 4 yellow, 604J61c; No. 5 yellow, 59%e; No. 1 white. 67c; No. 2 white. 67c: No. 3 white, 654; 66c; sample grade, 424g59c. Oats—No. 3 white, 254/26%c; No. 4 white. 24@25c; sample grade, 21%4/24c. Rye—No sales. Barley—Feed quoted, 30© 68c; malting quoted, 45©92c. Timothyseed, $2.9P©3.15. Cloverseed. $12@19. Soy Beans—No. 2 yellow, 82‘bc. Cash provisions: Lard—slo.os nominal; loose. $9.42; leaf, $9.25 nominal: bellies, $12.50 nominal. TOLEDO, May close: In elevators, transit billing. Wheat—No 2 red, 95©96c. Corn —No. 2 yellow. 66©67c. Oats—No. 2 white, 30@31c. Rye—No. 2. 604;61c. Track prices, 24%c rate. Wheat —No. 2 red, 90©91c; No. 3 red, 88©90c. Corn—No. 2 yellow, 62@62%c: No. 3 yellow, 60©62c. Oats—No. 2 white, 26%©.26c; No. 3 white, 23@27%c. Other Livestock (By United Press) CHICAGO, May 27. Hogs—Receipts, i 16,000, including 6000 direct; slow. 10 to 15 i cents lower than Tuesday’s average; some | interests talking greater decline; top, $10; | bulk, 160-250 lbs., $9.75©9.90; 140-ISO lbs., | 59.50©9.90; few 250-300 los., $9,604/ 9.85; sows, $8.60®9. Cattle Receipts. 11,000; ; calves, 1500; supply of fed steers and yearlings here plentiful; few early sales weak ! to 25 cents lower all through steer list; undertone 25 cents down with light kinds under about as much pressure as weighty kinds; fed heifers steady to weak; fat cows weak to 25 cents lower; bulls 10 to 15 cents down; vealers another 25 cents lower; short load specialty light cattle. $9: practical top light bullocks around $9: numerous loads held above $9, however: outside sausage bulls. 56.35; mostly $6.50 down; ; vealers, $9.50 down. Sheep—Receipts. 4000; j slow, fat lambs unevenly steady to 25 cents 1 lower; supply small and demand narrow: better grade native springers, $11,754/ i 12.75; load good Colorado fed clipped j lambs. 510.50 korted; lower grade clippers mostly s9© 10.25: aged classes steady; most shorn ewes, $3.50>g.4. FORT WAYNB. Mav 27.—H0g5—204/30c lower: 160-180 lbs.. $9.90; 180-200 lbs. $9.80-200-225 lbs.. $9.70. 225-250 lbs.. $9.60' 250275 lbs . $9.45: 275-300 lbs.. $9.35; 300-350 lbs.. $9 10: 140-160 lbs.. $9.65: 120-140 lbs $9.50. 100-120 lbs., $9.35: roughs. $8.25; stags, $6.50; calves, $9; lambs. sll.

Furniture Factories Busier Furniture manufacturers in the Seventh Federal Reserve District increased their operations during April from 65 to 66 per cent of capacity, five points higher than a year ago. Orders booked gained per cent over April, 1935.

N. Y. Bonds DAILY BOND INDEX 20 20 20 60 Inds. Rails Util. Bonds Today 50.7 91.9 105.2 95.9 Yesterdav 90 7 91.7 1052 95.9 Week ago 90 5 91 0 105.3 95 6 Month ago 90,5 89.9 104.4 94 9 Year ago 87.2 77.3 97.4 87.3 1936 high 93.4 95.6 105.5 97.9 1936 low . .. 90.0 84.7 103 5 93 3 Copyright, 1936, by Standard Statistics) U. S. GOVERNMENT BONDS (By Abbott, Proctor & Paine) Treasury* Prev. Closi?. close. 4%s 1947-52 .117.29 117 28 4s 1944-54 113 113.1 3%s 1946-56 111 .‘l4 111.14 3%s 1940-43 108.22 108.23 3*S 1941-43 109.2 109.2 3'*s 1943-45 108.3 108.1 3’*s 1941 109 109 3'*s 1944-46 107.25 107 24 3%s 1946-49 106.7 106.10 3%s 1949-52 106.5 106.8 3s 1951-55 104.22 104.20 3s 1946-48 105.11 105.11 2*S 1945-47 103.17 103.18 Home Owners Loan COrp. 2“*s 1949 101.20 101.20 0s 1952 .102.31 102.31 Federal Farm Mortgage Corp. 2 %S 1964 104.14 104.12 3s 1949 103.7 103.9 3s 1942 103.31 103.49 2%s 1945 .102.16 102.12 DOMESTIC Prev. Close, close. Aileg Corp 5s "44 93 93% ; Alleg Corp 5s '49 ... 85% 86 Am Fgn Pow 5s 2030 72 72% [Am Tel & Tel 5%s ’43 113% 113% lAm Tel & Te! 5s '65 113% 113'* ! Arm &Cos (Del) 4s ’55 97% 97% j Atl Coast Line 4s '52 96“* 97 Atl Coast Line 4',is ’64 78V* 78% !Am Wat, Wks 5s ’44 102.4 102.3 lAm Rolling Mills 4%s ’45 113',2 113% Balt & Ohio 6s ’95 95% 95 Balt & Ohoi 4%s ’6O 71% 71% Buff Roch & Pitt 4%s ’57 77' 2 77 Beth Steel 4%s ’6O 105% 105% Chi Mlw&St Pss ’75 20% 19% Chi MilW & St P 5s 2000 7% 7% Cleve Un Term 4%s ’77 102'* 102% Col Gas 5s '6l 104 104 Can Pac Perp 4s 91% 91% Cent Pac 5s ’6O 99% 99% Big Four 4'is ’77 95 93% Colorado &So 4%s ’BO 72% 72',* Chi & West Ind 4s ’52 103% 103 % Chi & West Ind 5%s ’62 106% 106% Chi & Nor West 4%s ’49 12% 12% C’on Gas 5s '57 103.17 103.24 Chesa Corp 5s ’47 128 129% Del & Huds 4s ’43 83% 82% N Y Dock 5s '3B 65 65 Erie 5s ’75 . 76 76% Erie 5s ’67 77 77 Grt Northern 7s ’36 100.16 100.17 Grt Northern 4%s ’76 100% 100% Grt Northern 4%s ’77 99% 100 Gen Stl Cast WW 5%s '49 81% 81 % Hud & Manhat Ref 5s ’57 79% 79'% 111 Cent 4%s ’66 73% 73 111 Cent Jt 4%s ’63 77% 78% 111 Cent 5s ’63 81 % 82'-2 Interntl Hy Elec 6s ’4 4 41 40% Interntl Tel & Tel 4',is ’39 91% 91% Interntl Tel & Tel 5s 55 84% 84'/* Interntl Tel & Tel 4%s ’52 80% 80% McKess & Rob 5%s ’SO 103% 104' Natl Dairy 5%s ’4B 102.30 102 25 Natl Steel 4s ’65 106% 106% Nickel Plate 4%s ’7B 84% 85 Nickel Plate 5%s ’74 94%' 94“* N Y Cent 5s 2013 92% 92% N Y Cent 4Vis 2013 (old) 85% 85% Nor Amer Cos 5s ’6l 105% 105“* Nor Pac 3s 2047 81% 81% Nor Pac 4%s 2047 10i 101% Nor Pac 6s 2047 . 110% 110“* Nor States Pow 5s ’4l 104 104% New Orleans Terms 4s ’35 92% 91% Otis Steel 6s ’4l 102% 102’* Penn Ry 4%s ’B4 109% 109% Penn Ry 4%s ’Bl 109% 109 Penn Ry 4%s ’7O .103% 104 Portland Gen El 4%s ’6O .. 71% 72% Para Publix 6s ’55 87% 90 Penn P& L 4%s ’Bl 106% 106% Postal Tel & Cab 5s ’53 ....... 30% 30'Rem Rand WW 5 Vis '47 108 108'* Shell Union Oil 5s ’47 97 97 Sou Pac 4' is ’6B ] 92 92 Sou Pac 4*is ’Bl 9114 913. Sou Pac 4%s ’69 91% 91% Sou Pac 4s ’49 93 2 03 4 Sou Rail 4s ’56 ' fin% fil u Sou Rail 6s ’56 ' 771? 70 8 Sou Rail 6'is ’56 L" 8 1“* 81% Texas Pac 5s ’BO 105% 105 Texas Pac 5s ’79 Jos>* in4“', Texas Pac 5s ’77 105 4 in-st United Drug 5s ’53 109% 100% U S Rubber 5s ’47.. 105% 105.% NY NH & Hart 6s ’4B .. 30% 2q:' NY NH & Hart 4%-s ’67.:::: 31 * §1' 4 Warner Bros 6s ’39 92 3 lqo ' Western Marv 5%s ’77.. .. '107% 1071Western Mary 4s*’s2 ...W; jSo% 1.00% FOREIGN Argentina A6s ’57 995. onsArgentine B 6s ’SB " qqa, inn Brazil 8s ’4l ...... ' 33.1 4 %4 ‘ Canadian Govt 4s ’6O ins ina“; Denmark 5%s '55 101% lOt'i French 7s ’49 .. German 5%s ’6O i. 26 25% German 7s '49 71 S * itaiy 7s 'si 74.1/ 22 Japan 6%s '54 q 7.i 4 no Poland 7s ’47 it 25,, Tokm cuv s%s''6i.'.';:::::::: It*, AUTO PRODUCTION DIPS Car, Truck Output Drops to 110,845 * Units During; Last Week. Times Special DETROIT, May 27.—Production of passenger cars and trucks in'the United States and Canada last week dropped to 110,845 units, compared with 116,855 during the preceding week, Ward’s Automotive Reports repealed today. Os the decline of 6010 units, however, 5200 were accounted for by the return of Ford to ! a four-day schedule. The week’s picture was .1 mixed one, with some of the companies raising output in spite of the seasonal trend, in order to keep up with a continued influx of dealer orders which were still augmenting unfilled order blanks.

No time like May • • • No way like GREYHOUND • Just Compar e Fare s and Service I HUNDREDS LIKE THESE: I™ B £ O l SO H °v" the , h4 * h ’" r y* Wide Greyhound windows bnng fresh breeze* New l r ork sls 00 —comfortable reclining chairs invite rest and . relaxation, whether your trip is for business or Chicago 4.0 t) pleasure. Greyhound's modern coaches serve all Detroit 6.00 America, with frequent dependable schedules, K Buffalo II.W Los Angeles .... 32.50 Cincinnati 2.75 JM * a Louisville 2,30 1 .

PORKERS SHOW UNEVEN TREND AT CITY YARDS Market Steady to 5 Cents Lower; Veals, Lambs Unchanged. Although a liberal supply of ship* ! ments were on hand, the pork market was steady to irregularly lower !*n a narrow range today at the Indianapolis Union Stockyards. Heavyweights were generally 5 cents lower than yesterday's weak average. Light lights and slaughter pigs again maintained a steady trading range. With a sharp decrease in receipts, demand showed slight improvement and local packers continued active buying. Today’s supply was estimated at 5500, compared with 7500 yesterday. Holdovers numbered 180. Cattle Trade Weak The general bulk of 160 to 225 pounds cashed in at $lO to $lO.lO. The latter also was paid for choice weights. Medium kinds, from 225 to 260 pounds, sold at $9.60 to $9.80. Butcher weights, from 300 pounds and upward, brought $9.30 to $9.60. Packing sows were salable at $8.35 to $8.85. Early indications were weak in the cattle market with bidding around 25 cents lower on practically all classes of steers and heifers. Cows, however, continued stationary. Few steers sold at $7.50 down and heifers downward from SB. Beef cows ranged from $5.25 to $6.25. Receipts numbered 1400. Still faced by heavy supplies, the veal market managed to display a steady trading range Bulk of good and choice kinds sold at $9 to $9.50. Receipts were 800. Lambs also were unchanged. Few spring kinds sold at $12.50 down. Native ewes brought $3.75 down. Receipts were 400. HOGS May Bulk. Top. Receipt, 21. $10.05© 10.20 $10.20 4500 22. 10,00®10.10 10 10 6000 23. 10.15©10.25 10.25 . 1000 25. 10.30© 10.40 10.40 6000 26. 10.05®10.15 10 20 7500 27. 10.001/ilO.lO 10.10 5000 Light lights. (140-160) Good and choice .$ 9 75©10 10 Medium 9.10© 10.00 (160-180) Good and choice . 9.85© 10 10 ' Medium . g iSO C 985 (180-200) Good and choice . 9.90© 10 10 Medium ' 9.60© 9.95 (200-220) Good and choice. . 9.90© 10.10 (220-2501 Good and choice. 9.80©10.00 Heavyweights. (250-2901 Good and choice.. 9 80® 9.80 (290-350) Good and choice.. 9.30© 960 Packing Sows. (275-350) Good 8.40® 9.00 (350-425) Good 8.25©) 850 1425-450) Good 8.15©/ 8.40 (275-350) Medium 7.65© 8,40 Slaughter Pigs. GOO-140) Good and choice.. 8.75® .).80 Medium B.lo© 9.30 CATTLE —Receipts. 1400— (550-900) Choice $8 50® 900 Good 7.75©) 8.50 Medium 6.75©) 7.75 Common 6.000 6.75 (900-1100) Choice 8 50©' 900 Good 7.75® 8.50 •Medium 6.75©) 7.75 Common 6.00©' 6.75 (1100-1300) Choice 8 25©) 9 00 Good 7 50® 8.50 Medium fi 7sr,,- 7.50 (1300-1500) Choice 8.25® 9.00 Good 7.50® 8.25 lleilers (550-750) Choice 8 25® 875 Good 7.75<aj 8.25 Common and medium 6.25® 7.75 (750-900) Good and choice . . . 7 50©r R4O Common and medium 6 25® 7.50 Cows Good 6.00® J) 50 Common and medium 5 25©' 6 00 Low cutter and cutter 4.00® 5 25 Bulls, good 6.25© 6:75 Cutter, com. and med bulk 5.50© 6.60 VEALERS —Receipts. 800— Good and choice $ 8.50® 9 50 Medium 7.50© 8 50 Cull and common 5.00® 7 50 Calves (250-500) Good and choice ... 6.00® 875 Common and medium 4.50© 6 00 Feed and Stocker Cattle (500-800) Gopd and choice ... 7.00® 825 Common and medlunf 5.75® *7.25 (800-1050) Good and choice .. 7.00® 8.25 Common and medium 5.75® 7.23 Cows * 5 00® 5.90 common and medium 4.50® 5 00 SHEEP AND LAMBS —Receipts. 400— Lambs, 90 lbs. down; good 2" a nd . choice $10.50® 11 00 rvfmm™, 8 7?©. 10.00 Ewe, 1 25f # 8 5l) '9O-1701 Good and choice... 3 50® 400 common and medium . 2 so® 350 basis ) P and lamb quotations on clipped Other Livestock (By United Press) f n L^ FA y ETTE ',H a /. 21 Hogs—Market sr. 170 " 210 lbs - *3 90® 10: 210Q 3 V ™ , S oV?u j 9 B P, 225 -260 lbs , *9.55© $9.25® 9.45; 150-170 ibs . IS 7 , *8.75© 9.5°; roughs. $8 50 siy, spring lambs, sll. <By Times Special) LOUISVILLE. May 27 —Cattle—Receipts. including 118 directs; slaughter cattle in very light supply; market quotable generally steady on all classes; most steers and heifers salable. s7*/8; very little available of value to realize the latt/r price, co , mi P on dairybreds quotable down to $6.50; bulk beef cows, ss©6: latter price practical top: most low cutters and cutters $3.75© 4.75: sausage bulls considered salab.e mostly $5.50© 6.25; Stocker trade generally steady: most light beef tvpe stockers and stock calves. $6.50'3 7 75. Calves—Receipts. 300; market generally steady, but. medium grades still under pressure: bulk good to choice vealers. $8 50® 9.50; medium and lower grades $8 down to $5 or less. Hogs—Receipts. 1000; market loc lower: better. 160-225 lbs. $9 75-230-250 lbs.. $9.45: 255-300 lbs.. *8 90- 30$ lbs. up 58.45; 120-155 lbs.. $8 90" sot* $7.55. Sheep—Receipts, 2800; run mostly spring lambs; general quality much le-s desirable than Tuesday: market opening J -lully 50 to 75 cents under early Tuesday; bulk better trucked-in spring lamb . $12.2a; some Tennessee rail lambs and overnight offerings held higher; medium and lower grade springers considered salable mostly sll 25 down to around $9- clipped lambs considered salable mostly $9 do*n, and clipped ewes. $3.75 down