Indianapolis Times, Indianapolis, Marion County, 31 March 1937 — Page 13

. . Cotton Consumption Up . ¢ Abreast of The Times on Finance $ $ The Department of Agriculture today forecest

world consumption of American cotton for the 1936-37 DTA BY season will amount to more than 13,000,000 bales, a

Coal Act Uses Tax WEDNESDAY, MARCH 31, 1937 PAGE 18 gain of 300,000 bales in six months. As Code Base

, | WwW Flynn Says | | Local Securities ¥ n ays . | vi = C Ww 0 } OC S (By Indianapolis Bond & Share Corp.) By JOHN T. FLYNN we | The following fuatations do hot repreTW VY | | Sent netual bids or offerings. on merely ) KK § — | | indicate the pproximate market eve YOURS, Noh Svne (By United Press) 1 recon on Dying and selling ihquiries or - 6 r y 3 " . x ; fil ece t 8 8 Guffey Act now is before the | | "NEw YORK. March 31.—New York Stock | recent transactions | Senate. This is the heir of that Exchange transactions today were as fol- | hich, Low, Last OR Ask . | lows: | Lambert . Mia 21% 21g Citz Thd Tel (TH) 4%x '61....10] 10 Guffey Act Which the Supreme Net | Lee Rud ont gs 27 Hel he el TW BT 13h 1nd l High. Low, Last. Change 7 . NV MW NY Vn H Tel & Tel Ft 'W 6s "43... : 106%

last year. It is another attempt | Abr & Str pi*.... py | L-O-~ ass 07% a Indiana, Tel Co 5s #0 ) 0 : : . te : . L A My 103 102'4 103 nan ailway Tne 53 '67...... 8 e— to establish code authorities and | Adem: “E * oral : Wa Lies & my 108 10214 in, i | Wei ht Belw n 928 and | Innis Water Co Ris 08 i 101s | Addressograph . B32 ON 3¢ “e ' y 71% 1%, 71% NUE . & Tel 5s bX f 02 | ‘ an NRA in the bituminous coal All Rede... Tip Eva | Loew's 5% 08a TR "| Ignis ce RO a tS 3s Jan ‘Wheat Shows Weakness in Allegh Corp 4 Jone Stal . 8 vi Bia 2 | 300 p d Sh M t | Muneie Water Works 3x "6 3 . ounas Snow Mos

EWE: Allegh Corp pb pf 2 : 2 *s | Long Bell, > : | Nobiegville H 1, 8 ; Early Trading: Pulled Up

It is interesting for several rea- Alleg pf $30 w 5 5 : | Lorillard “vo 24s, 24% 24% ... 8 4 Alles pf $40 w | Ludlum Stl 387 387% | Qnio_ Tel Jer

sons which can- | Alleg Steel > a A S d 387n 2 Increase Scien WW hs 'f vvavy 108 Ra “oe s 2 , w 9.400 " . eymour ater Co 4 “ By Trend.

rot all be aut- | Copper Issues in Demand and Kennecott and |i Shem 8 22 Mu Tad | mecrory we 10% 1% oo ——— TE Re FI oh iy

one of these | . ' 3 : : | reasons is the Anaconda Each Gain; Tx ading Slackens | A Bo 63° 3% 1 Bo Mek mr is 82 18% 7 a | hog market today at the InGIANAP™ | yen Ratirond & SC Tos com. 58% | CHICAGO, March 31=May corn use made of the . . T > 1 Am Gah 0 » ' Ey H “ 34% Be 54 olis Union Stockyards advanced to | &2eit Railpone a8 Yds pfd 3 touched a '12-year-high on the i over At Midday mn New Y ork. en : h : | Magma 1 1" | a price range more in keeping With | jome Tei & Tel Pt wayne... 52 53% | Chicago Board of Trade today when

Br Shoe rts . Man El mod gtd . “ i , p < centers, | Ind Gas C om 2 : = the trend in other packing OFS. | Sioa Gen Bere Oo 6 102 the yellow grain pushed to the fore

the act Br | ————— olor " Maracaibo wm : ; 2 2 : ri : Com Ale 5% 30 - Banc 2 Io 3g ; Yesterday's decline, according 10! ypook Drug Ine 10 20% | in market activity as traders bes

Recentlya | : : I TY 8 " Marshal Fid 29° 2 2 . v i PM was | xInd & Mich Elec Co pfd Ts 108 > A : the Department of Agriculture, was | Ind Hydro Elec Co bs mM came conscious of the close adjust=

correspondent | By United Press | : "yy, | Marvin Parry : t of ith b ket objected to a J ’ YW > farch J ' , ; 3 lp 56% <4 1% | masonite Co 3 : i out of line w nearby markets. | ytnapis Pwr & Lit Co pfd 6: . 08 te y ‘ y : NEW YORK, March 31.—Metal and oil shares led an Bel 1) : 33s | Mathieson : : Prices were unevenly steady to 25 | sIndpls Pwr & Lit Co pra 68 07% 8: in this crop. supply and demand

that the Guffey | despite a slackening of trading after noon. | Am Inter 0100 18 + '% | Mident_ Pet pounds gained and the full advance |X {i Bi S50 Ji ne 0000 931, gels | wheat was ' cent higher to % cent Mr. Flynn Act Was an ex- p Lg Lg 533, 3 «+ | minn-Moline | was shown on weights between 225 | Lincoln Natl Life Ins Co com a lower, corn was % to iV cent Higher,

ample of the Copper issues particularly were in demand as leading : y.. 34 25 | Mission Corp... to 300 pounds. Receipts were 4500, | kb R Mallory Co com. . Br Se ot i oort Dioher : Mo-K Tex pfd .. y

proposal to use the taxing power to | npoducers posted a price of 17 cents on domestic copper, a imp :L NR % "| Mo-K Tex w | Packing sows were 10 to 15 cents | Pub Serv Co of Ind 6s. no BA je After a strong opening, corn

. Pub Serv © fq Te regulate industry. It is strange in- | P&L DI 56! | Monawk Op - ub Serv Co of Ind 7s

"higher and bulk ranged from | m.ive Haute Biec Co 65....... | dipped 1'% cents from the ea ; : a | ‘erre ) B..va ( 5 R rly deed that anyone should make such gain of 13 I cents over the prev 10us quotation. Kennecott | 2 iy ad A & SS 2 : 3 | Monsanto ™ | $9 to $9.65. Weights of 160 to 180 | Union Title Co com rv 2 yd highs on quick profit-taking but

i p van Camp Milk Co pfd a point. ] ‘and Anaconda each gained about a point while American Am $ Razor... 31% 31% 3% | Mother Lode | pounds sold for $10.05; 180 to 200~ van Camn Milk Co com , 16% | rebounded to new highs on coms In this act there is a plan to | Am Smelt 9 97% 9¢ | Motor Prod

" . | xBx-Dividena I . | Am Stl Fdies 5: : : aor Tro pounders were $10.10; 200 to 210- | XPx-Dividen mission house buying on the break,

collect all soft coal producers into | Smelting and U. S. Smelting*® Sugar 48": Mullins Mfg B | pound weights brought $10.15; 210 Today's climb to a 12-year high Sug pf. 32'2 32': Murray | . 1

trade groups under code So at their peaks had gains of Y N Bout 8 3 = to 225 pounds, $10.20; 225 to 250 i . > 1% ; y L&T .. Nash Kelv 22% 22 3 " climaxed a steady rise of several de 3 ‘more than 2 points. Chicago Stocks | Am Tob B .... 1 8 2 « [Nat Avintion va DURE $1005, ha WEIS De. Nez Ww Bond Issues sessions and served to focus trade number © I - oes F " » > Nat Riscuit : 0 0 "| tween 250 to 275 pounds were $10.20, | attention on the secondary grain

authority in each of a Vi Nat C R A : istr i oft Ss ranci : n ; A A , a eg 351e 35 3h) | ’ y districts in the soft coal fields. | TE ea oils, HV to (Ry Atkins, Hamill & Gates) Am Wat W : 31a WN A } Na Dairy - 24 " | Secor. Tyaile Siww By W. 1. Lyons & Cv.) as wheat showed weakness. Corn a new high for the vear, while Sea- 1 ; a. nq § 2 : y oo B #k | pposint wor . i W % E Am Wanlen pt . Nat Distillers n 3 3 x | receipts were 68 cars ; | board also was active on more than | ,,, TREE M. Clow. | Am P Se Ne d \ | Weights of 275 to 300 pounds sold | Ales ro an ps Wheat w tp OW these code authorities are |o ni} , at Now | 2jams Mahufacturing ...... 13, } Am Wr P pf , ; 5%, Nat P & Lit \ Vol an 4 5 ss Tel 4s . "heat was lower at the start hut | 2 points gain. Standard Oil of New | Advance Alum vhf Re . | Nat Ta 81 n T | for $10.15; 300 to 325 pounders were AY ies, x the strong market in corn pulled

: i be<tns o : y Am Zine A | : Ww y 1 : bestos Ma acturing ..... 3} | Nat Steel set up is another matter w hich | Jersey at 73 had 1: gain | Ashes 08 Manufactur Res ; Am Zine pr pf 3 Nat Supply or 3 | $10.05; 325 to 350 pounds, $9.95 and | calif Oro Pwr 4s "66 . 1 | the primary grain to higher levels we can notice another time. But | ggeel shares ran into profit-tak- | Berghoff = EG | Arch-D-M 315 43 4 » | Natomas | 12 12 ~.... | weights of 350 to 400 pounds were | Drlotes us HT ig 99 14 May wheat climbed to higher however established the main Point | jpg and showed fractional losses | Cent Tiers Publ Serv 0 2 | Armr ll oe 12% | Newport. 34's B34 7s | $9.85, ea Maine Pw Tk ) , | ground as early lossex wer oh is that the success of the plan con~ | yhjle motors were dull and easy. |Shicazo Corn ve iin BW { ATI TH PLDL Sve § BX / 5204 82% SAM... In the lighter divisions | Cinti G & BE 3145 "88 ........ 10 00% | wi Y aes were wholly sists in forcing alli coal producers |{rtilitv issues firmed der lead of | Shicaro Rivet & Machine vas r Arinstiht Cork . 8 y : St L 03%, 3% n e lighter divisions, 155 to | joi Ganada 3x '67.. clos pat | Wiped out. September and July to join the code arrangements. And a ! Rp Br 0 er Log FD ERE BESO ee y A 3 oh B1% ; an NY NE J 8 A ‘y, | 180-pound weights were $0.75; 150 to | Fla Power 45 66 ..... 4 oi ~ | wheat climbed fractionally to erase to do this the Government pro- pa Son but rails ‘wor Sono ated Bis vee v Ja 4 coven 8B 2172 = "a | North American... 2 27 [ 155~ pounders brought $9.50; 140 to FD ner 4 « ‘#7 ’ oat. | POrtions of, the early losses. Wheat : k mixed. Cord Co “ . 5 1 ) . 3 50% 50% - No Am Avh 3 ; * | 150 pounds, $9.25; 13 0 I wT : | Fevsivks ‘wee 3 y poses to use the taxing power. Here | although the market had turned | Raviton Rubber . 207% i Ref 38% 343 2 {No Pacific a) 335, 3334 - ‘ pounds, 130 to 140 pounds, Rte Si peiodi ’ eipts were 33 cars, | Blectric Jlousehond 32 ph. | Austin Nich ..... Bo Bl | Norwalk T h c+ $9; 120 to 130 pounds, $8.75; 110 10 | Kansas P & L diss "85... +0... 108% 107 CHICAGO GRAIN FUTURES

is how it is to work. quiet in the third hour of trading, | Field, Marshal . . 2 Atchison pld V k s how ; vi . : d TR | NYC Omnibus ... : : rv ox iC : 0 | Av . h : bh % 120 ds, x J « | Koppers Co 48 '51.. “ R 8 9 32 ’ pounds, $8.50 and the 100 to 110 ‘108 : (By James BE. Bennett & ©n.)

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3 i . > - | General Ho sehold vee Avn Cor Vea 8 “fe Two taxes are proposed. One is & | metal shares maintained most Of | Tiphy McNeil & Libby ...01. HH dd » Ti 0. [Qhie OF 2% ju : Let Clore pes $3.35 Kresge Foundation 3!.e tax of one-half of 1 per cent levied | their advances. American Smelting | Lincoln Printing - Joe 10% | | Omnibus : Ww BW. vou? lass was $8.25. Los Angeles Rey 3s "87 Ble | ; YD: Pew on all coal produced based on the : X on_ Oil . . % 5. [Otis Elevator : A : . Steers and yearling trade was Louisville G & E 3128 vers BY : Wheat== High Low AM Close ( p wx had dropped back below 99. | M st © “a “ Bald Loco : or. | BHE Fray 993 ) 1 Metro Ed 4s '66 vere JOR [ Mav 1.435 A sale price of the coal. This is to Standard of New Jersey at 73 was | Nobliti Sparks . 9 91% | Bald Loco as : 2 oh wo ‘aa Bf {slow and all grades of light and | Narra Elec 3!.x '68 “ 3 | Jie Jr Tate 14, 1.43% 144 apply to all. Then there is another |y1, higher. Some buying developed | Northwest Engineering ...... 3: 323, | Balt & Ohio pf |. a4%y Ny [Rac Am BI Sr § 32 | 1) [medium weights were weak to 25 NY Sine Elec Gas 4s 85.000. 8 "} ep! 1.26 25's 12815 1214 tax of 19': per cent on the sale [jy National Distillers which ran up | herfegt Cirele 0 ip 831, 3 | Barber Co Bia 38 : | pacific Mi 31% 31 31% cents lower. The finished Kinds | North States B 3%os 67... | 06 Corn price of the coal, if that coal iS tg 34% for % gain. | Swit International Nagy 33 [(BRInkall 2 * 3) | Backard % were about steady. Steer top Was | Onin Bdison 3%s 2. ii | os (ay oo 1B, IMG 1Hu 1a subject to the provisions of the American Telephone climbed to |giah, Bedi ee on 841, 34's pene O40 3: 25% 24 [pAnnandly Pie 9! bk 1 _ | $14.50, the bulk of the medium | Kir & ER In an 302 3. | Bept. iu 110% 084 00, Hs coal code. But, if the producer iS |173 where it had 1's gain. Utilities | = es Ihe & Co. ih | Park Utah * | grades, $9.50 to $10 A ve An BE rd 9: Ont . . 2 . AO | s H8'y & > x Bathe Film x “y J o h Otiz Steel 4'58 '62 A 02 LE a code member, then he is exempt ai ror y Both Steel 7 [oR Pac Lighting 4'w8 "48.......+.10! MEY ove BOY "nY, ns : from this tax a 240,000 New York Curb DanRnok Tt B01 beeen % Vealers Steady Phila Elec 3os "87 JUiy Loe ATI AR ae, wi . . io OT . J, _ ’ ” | bs i 4 “e , | Pennev 29's, Bf 2 Kraft 28 A SCS ERE f af " ve Va 4, 441, 144 In other words, the Government chares compared with 110,000 in the ; Bown a; + | , | She stock was active and fully | Jite G & E 30x 66... 0 Yl Ryes= wishes to regulate the coal indus- | - . WH " y » i (By Atkins, Hamill & Gates) | EO J \ . Wise Pub Sve 4 31 ' ‘an Mav 1.150 =a i 3 Dor. Tb to ry hour yesterday. Dow-Jones 1100 prev. | BOL Warner : «81 s | enn Th: 51 © 11, | steady to strong, Most of the heif- May ue 1% bus pie hw I ih FS UI TO NR (averages: Industrial. 187.29, up 52; A.M. Close. | Briggs Mig 5015 50 SC peoples Chas 53: 83% {ers brought. $8.75 to $10. Common | Inv tm ni Trusts Sept... 100% 1M 101% 10m it chooses the code method. It |ypajiroad, 62.20, off .10; utility, 32.30, Ee oo of America. ... 171 gps & Str Pere Mat to medium beef cows ranged from nves e rus 1 " . . . y ye gadis wy : merican Airline vv 20'n | Bkly y ; 6 8 — et m 2 9 ! : a : wishes to force all coal producers lup 24. American Cynamid ‘B' . ..... 32% 32> Bruns-Balk : | Phelps Dodge 55 5¢ V2 185%5 to $6.50, the cutter grades | (By M, P, Orist & Co. Ine.) WAGON WHEAT PRICES to become code members. If they | Arkansas Natural Gas ° . ) 1 { 5 1 ? hillips Pet ‘n B56! |r Bid, Asked, o . i . or i | Barium Steel y 6% | Budd Wheel 3 1 d | Phoenix Hos 7 from $4.25 to $5.50. Affilliated und, Tne. . vo 1178 12.9% City grain elevators are payi do they will pay a tax of one-half Mi i 0il Sh | Carrier Cory sarees 3'> | Bullard » » » | Pierce O pf 4 ! ! Bull yA t y , ¢ Administered Fund 2d, Ine, .. 20.26 21.568 $148 for N v paving of 1 per cent on the sale price of ining and | ares | Chicago Flexible Shaft Cres 2 { Butler Bros } 7 Pitts Coal A : 5 * { ulls were steady. Practical tOp | American Business Shares ... 1.31 1.44] ® 1 0. 1 red wheat. Other y TI . | Columbia Oil soa + | Butler Bros nf s 5 Pitts Sc & B 4 | for sausage bulls was $6.50. Vealers | “Broad Street Investing Corp 3: 10 30.68 grades on their merits, Cash corn, the coal they produce. Lead Curb Higher | Consolidated Copper .......... « | Butte Cop 1% % | Pitts Stl 30%, 3 3 2 {wo d : Bullock Fund Ltd 3.62 25.37 | naw No. 3 1 If they do not join they will have Cooper _Bossmer DITA BRS [Byron Jackson Oo Bid, Biv BI % | Pitts United (Were steady and the good and | Century Shares Trust yellow, $1.15. Oats, 47a, to pay a tax of one half of 1 per | Bul wited Press | Engle Picher Sitare Dave Fim | Plymouth Oil 21 2 + [choice kinds sold for $10 to $10.50. EoLborate pat, Arey mig 1 ees Hay=No. 1 timothy, $13.50@14: No, cent plus an additional excise tax | NEW YORK, March 31.—Curb Ford Motors. Canada ‘A’ . 28% l eal Packing ou | Poors Di ons 271% 2 7 » | Receipts were 1500 cattle and 500 | Corporate Trust Shates orig 08 ....|1 clover, $15@1550; No. 1 alfalfa, of 121: per cent or 20 per cent al- stocks advanced today under lead | aa lL Penn 5 341, | Call Zinc .. Ble 3 5 “ Press yp Bud pt. J * calves, Divert Trasrar a wg 13 at Post cutting, [email protected]; second cute 2 : ? ¢ ; ERY, {Calumet & H 7 3% | Proctor & G o . x Ee © \ TOCeiv , OTE] Bh C7. . A Na together. | of mining and oil shares. Humble, Oi and Refining Co Aa , | Canada Dry 41; | Public Serv : BY 48 ta| Most of the lambs received were | BIVAERHSE LINAC SF Fe 3 ne, WITS0QTE0. ; oon, Pacis Sa 1 Pullman clipped fed Westerns and trade was | Dividend Shares Ine : a ,

{ h nb | Shattuck Denn gained 2 points to | National Rubber . { : k : 7 2.11 » Niagara Hudson Power ws A} 1 [Carriers & Gen 8 8 + | Pure Oil vs J s "ls 4 ‘ ’ . . | *Pundamental Investors Inc. . 25.33 . | HY n n Power ‘ 3: nt 3: ] | slow with $10 bid ad no sales. Most sCyoneral Capital Corporation 5. Local Produce i )

gathered in the country, while f A ! ( 1 fAelivseries in Indianapolis the prices are 1 cent highet nach ful case of eges must weigh

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| Celotex A x ’ - hi Sunshine fir . | Spencer Stores ~ ow 9% 9, ! ’ 5 . course preposterous. 1 have no ob while Hecla and Sunshi firmed. | Sp § Gent Viol Stig 19 : 9 Rati Marviand Fund Ine for regulatory purposes, but I can . D \ “Natlon-Wide Voting". Bags—No. 1 aiticily fresh, Jom off. 208 [13% higher at 83% and Creole and |wodley Petroleum 2 eh M st Pr 18 : . | Republic Stl on e To . Leghorn breed hens, heavy, 12 Heavy one. erate gains. : RG: IR3 RSC * : A March { : Chickasha C } ' it { { arch Bulk Receipts. | Selected Amer Shares Ine. ... Buying developed in Colt's Patent . 0 S Childs 13% 13% .... Reliance Mire Co. 41, 24 $0 .2541 10 25 )t 000 | Selected Amer Shares orig .. breed stags fc: 1 . ; : : | N o 10.006:10.40 Selected Cumulative Shares .. #ghorn breed stags. 6c tions about which the President | Aluminum Co. of America at 171. | By United Press | Cleve Graph Br 381, 3f Be | Safeway 2 | 2 10.00%110.30 ! 500 | State Street Investment Corp 120.00 full=feathered and fat, 5c urkevs, young and the Court fall into disagree- | jones & Laughlin Steel at 122, and | higher today. Leading issues | Colgate P-P 5! 5 4 14 | Savage Ar .. 0. os oo 3 f ! ! Schenley Dist d = 31 9.7661 10.25 25 f *Ex-dividend Butter—Creamery, No, 1. 38@39¢: No 32 | Seab'd Oil { 1 1140-160) Good and choice. §& 9.007 10.05 Rwy 4s Caaniy Com Solv Med ; (180-200) Good and choice 056110.15 firsts, 23c. extra firsts, 23%e: diriies, 21¢; : | Lead gained a point. - 32 regulation under the guise of a g PIAL .... | FEDERAL LAND BANK BONDS Cons Film 2 Socony-Vacuum { vor 1220-250) Good and choice 15a 10.25 | o Butter—Market, steady; exita (02 score) . ! f ! ' Heavyweights « — | d4c sts, 32',m33¢c; standards, 34c: spes

O say that this is not using the |247, Hudson Bay rose 1': to 38's. Root Petroleum rev § 1Gulanese native lamb G 1 Investors Trust : i i i ri 1 S " : - 2 a n S * sts y | enera nvestors rus ' ’ | " taxing power to regulate is of | Newmont gained a point to 127 GURL fron and Steel . .. 15, 31h | Gent Aguirre 35 © 341, 35 5, | Quaker 81 Oil .. % | Dative lambs were about steady PIT. Investors (The prices quoted are patd for stock Cent Foundry Oo. 10 , | with odd head up to $12, the bulk | Market Street Investment Corp : i : : : : to ce X ? 1 a jection to using the taxing power Gulf assumed the lead in oils | Sanaa Oil of Ohio i | Ger, de Paseo Radio I» [of the sales at $10 down. Slaughter | Nata eeitx Investors Tr higher. going to 50%, up 3. Humble sold Hin Roof Hoey oie at | Ches & Ohio : : [ Rem-Rand )! Hla 25! on were steady at $6 down. Re- | Mutual Investment Fund has gros not see the sense of shutting one’s a ddl Chi Gt W pL Reo Mot : ap (ceipts were 500. North Am [Tr Shs 1058 | OO ave wreiid . : 3 2 3, J | " " | ‘ + 8h f y wee ' f # A eves to the fact that it is being | Standard of Kentucky showed mod- {Ch M 8 Pa : oo Never .. 480 a m—" North Am Tr Shs 1938 ens, 5 Ibs. and over, 1f | : 3 ; HOGS Quarterly Income Shares | Deed Srieery 11, Ibs, over, soft meated, : : : : : Je OL “ &P¥i R This is interesting because this | eghorn breed springers, 8¢. Heavy i i 1 - fs . hi on. 4 Chrysler } : BY wa 3 ‘ heavy breed kK ; is one of the constitutional ques Fire Arms which advanced 2'i, City Stores gre Bia 9%. 10°1561 10 50 a On | Selected Cumuiatiye iha heavy breed cock ib and ueks. oh toathe NEW YORK, M 31. ds d | | St Joe Lead { 2 10.05 10.35 : | eg vi 5.42 ; ; , . > Gi: TE : wo 5 fadots : org a Sebi Ji 11 BW AR TR ment. The contention is made by |New Jersey Zinc at 90 all were a APL 3% 53 .+. 10015 4 11% [Col Fuel & Tron . 45% 4 5% Schenley 1 : | Sham 1 18, Dei No. 2, 86 critics of this bill that a tax of |.,aint higher. Fisk Rubber was Canada RE a ps [CoE oA 581s 08 © 98 $ : ; 140-180) ¢ | 35@38c. Butterfat—No. 1, 35¢; No. 2. 318. i a ae Ue nearly a point higher at 18's and | Elec Alto a Svan 109 } | Gol IS sy : : | Serve! Re Tm 3 a1 +» | Light wei He : : id oi (By United Prosn oo Ay v Ms Do of issues such as General Tire & Rub- Fostal T & C 55 53 ran a Com Credit 0% 60° 03 ! | Sharon, S ofl 31" 39 33 he " (160-180) Sood choice... Figg 9 S1eRY. Toor March 3 Bras ~Market, raising revenue in Str the rog- ber, National Rubber Machinery, | Studebaker fs Vishny : Commonw & 8 § 3 31 ve | Silver-King . | ) Good 1 0056110 15 receipts, 25,523 cases; fresh graded hi Thar TWA . ! Babcock & Wilcox and Eagle Picher | le BR 5 es verry RR Commonw & S pf ¢ f ! 4 Simmons 5! 55 5 “ Ya | Medinm vv D.BB5@ 9.95 I eurrent receipts, 22¢; checks, 20c. storage " , iS ; al, but a Util P & L 5s ‘en . | Cong-Nairn 4 k 1 Skelly Oil : 5315 . Medium Weights p wth D4) eh hei ulatory effect is incidental, b | Qong-Rairh : So oly Type. 3 33 RN al Chuih.. a | Ja ked firsts, 241.0; storage packed extras, ; : ; : | Feature of utilities was Illinois 0 “ = 5 ax wit y tion or SIre | Cons Laundries So Am : TH WHEOHL SHY Yritenticn or tesire | Power & Light Preferred which | By United Press Cons Oil 5 So Por ! Af 3 a 1250-290) Good and choice 245 61 35¢ Poultry—Market, unsettled: receipts. 28

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What the Court will do about | jumped 3 points to 64% while] 5 July 1085.45... ans" WaTe 3.01 Container : : ; South Pac : 3 Packing Sows : oe . y ror , red | 3S Jan f . . 9! 9! on 32 J TT : 1 70-350) Ciood this, of course, I do not know, But | United Light & Power Preferred |; May 19 Santen 297 3.01 | Cont ; - So Ry nf veees 88 BE ! 1350-425) Ciood | 2661 3615¢; hens, 14',% 20c: Leghorn hens as taxes of this kind have been Was up 2%: to 56 but cased from |3ius Mav 1 a 3.05 | Cont Sonlding th 10'% 2 ) 2 (425-550) Ciood Sheep Steady. 106 1872c old roosters, 126i13Vsc. turkeys, held unconstitutional any number | that level. |& Rv Ider ioe 103 “54|Cont Me Tim 3% Spencer K ...... 34 = 8% : | GInhtey Pros um " "Choe Twinis, 19 1705: Daisies, 17% 0 of times, one wonders what is to May 19 yaaa ; 103% 63 | Cont : Sperry Corp ... 2 20's 2 1100-140) Good and choice 11%¢: Longhorns, 17% 11%x¢ , : : Mav 1957-37 .. 1011, { Cont St . 32'y 1 32, Spiegel Ine 2 2 ; Mediim Potatoes (Old Stock) Supplier moders be gained by attempting its use Government Bonds | 4's Nov 1958-38 .. 105, .90 | Qoty ° ‘ 5 ¢ St Brands | we Ni ! “ CATTLE sn United Press ate: demand. slow: natker we) if i P : », 3 3 . | e « D3 Ve 5 5% > " t ah La | XN » " 4 a i again if the regulation is as urgent | rene Co & : 2 (Stan 8 I . . a. Receipts. 1500 CHICAGO, March 31.-—Hog prices Russet Burbanks, 42 480 i. 8 Na i as 1s represented. Hit New Lows [Cro Zelint frew 2? Stan 8 & 8 281 2 st | (550-000, Choice wi : $12.25M13.75 | declined 10 cents a hundredweight, in | Maine Cd Vo Bigg Te Loan IRE (Copyright, 1937, _NEA Service, Inc.) oo 39 ain Cub-Am St : N72 432 [Stand Oil Ind : Good Sees 0.75612.25 | Jaw trading today at the Chicago ound Whites, $2.10 Wikcon: in 8p ————— Buy United Press Cur i A 1 ) | Stand Oil N J ney Medium .'s%s nna 0.55 St K { Ros Neo; Michigan Russet a : & S : 2a 2 2 Common . 6.25 8.00 | Stockyards. 2.1! orth Dakota Early § NEW YORK, March 31.--Twelve Curtiss-Wwr ows | Stone & Webster 26% 26', 26° ; 00 Tax She Dako : Bank Stocks Eurtizs. Wi : o% gone 8 : & (300-1100) Choice Todos tal Chicago took in 13,000 or the 23.- rack Sales carlots par bux

(By ‘BIY! '% "vb.) v 3 Re Som i ON PROFIT- TAKING idol. we -y Suber o “8% 6% 8 Medium .. 007 10.00 | 650 hogs reported at four markets, | Texas Bliss Triumphs $1.65 2 05 ne Bankers Trust sk. | new lows for the year and longer | Sun Ph St ; 1100-1300 Chole 13 0801 14.90 | The top hog price was Sieady at ey ae SP nkers , ¢ i : . | ( -1300) Choice 3.2541 14.50 Chase coaelt Balin active trading today. Losses Deere & Co 7 128% 1 v 11, |Suth Pap 3 10.30% 13.25 | $10.35, but the average price showed | Jip a7: 39% | yo X 95. bv Sc. Deisel WG 251, 24%, ° | Swift & Co 2 2 26° 507 11.00 | | rut : Central Hanover xk ranged from 3-32 to 22-32. Six is : Ht 3% 53° Bn [ Swift Intl Rl 5) Er | (1200-1500) re ae lini a 10-cent per hundredweight decline | its and Vegetables L&W 31s 1. [to $10.20. Other markets were weak, v FY Unive Press) CHICAGO, March 31 Fruit and Vege

41 % : : Qontinental’ Tiitnois 0040000 65 = | sues fell below parity. The reaction | awer Trend Develops After BL & Hn | Symnatn-Gld Corp : I j 11.00% 13.50 jprst Nsional | Boston uae : followed reports that any further | Bi ats Bai Ban 7 Len On . "ii Cleveland on 1800, Pittsburgh on | aiabie Market: Apples. Michigan Mein Irving ... iia 93, | Government support must come Marked Advances. » oo. 83% 43% a 9 pe or LL. 61% ev 3x (500-750) Choice ........... $10.50m 1180 | 1350 and East St. Louis on 7500. | soak 51.8502; sweei, potatoes, Louisiana Manufaciurers ... w 8 from Federal Reserve Banks. Du Pont ...... 160 + Un | Roney, Quif Prod’ 8° ="Y Codon aaoe1nat | “Cattle receipts in Chicago wore | hu isneasr ssinact Tecan} Tex G_ Sul ° 55: op Wd (750-000) Ciood and medium. 9.500011 1.80 10,000 of the 13,000 reported at the | 8! 10; tomatoes, Florida, lugs. $23 28 canlis

National City . vs § . is . National Shawmut : 3% Activity centered in the low- | | : T & PC & d 8.50 | | ™ . 31 13a...» ommon medium . fa, ; . © flower, California. crat $ 7 0 | -— roxas I3 F.. 1378 pn Cows | four markets. Chicago was strong | Mexican. ne. trates, i100 LN: pods,

FIRE INSURANCE coupon Treasury liens, with the | By United Press East R_ Mill .,.. Texas Pac L Aetna Fire Insurance. . v- 212% 8s of 1956-59 losing 16-32 to NEW YORK, March 31.-—A gen- |p Thompson Pr ... 26 : DY 2 | Good and the top veal price was 50 cents | jda. 10-inch crates, $2.8063.25: onions Thomp St pf ... 29'% Hg ji ees Common and medium 50=1h. sacks), Tilinois, Indiana and Michie

ltimore Ameri RE 9 Baltimore merican a 5% | 99 10-32, and the 2':s of 1949-53 off | erally lower trend developed in ma- | Tide W A Oil ... 1 ++, | Low cutter and cutter... higher at $10.50. The average cat=| gan yellows, 40% 60c ' : tle price was around $5.95. The quo-

Grant American Insurance ... 27° 14-32 to 97 28-32, both new lows. | jor commodity markets today, most Timk-Det AX .... 2! 5% 2° - Bulls, good vere 63000 : n Hartford _ . . 70° % | The entire Home Owners Loan |staples meeting heavy profit-taking | El I himken RB 8 5% 1! : Nasi % | tation on good to prime steers was ‘ELECTRICAL GOODS rang & W air ) [$14 to $16 and the average was

National Fire ... . : ; National Liberty a3 Steel loans declined in an irregu- | to 1929 earlier this week. Erte Prod Tin Sabn Co |. 24% 24% HY + % |Medium . 7801 0.00 | steady, Cleveland on 250, Pittsburgh 71 on 250 and East St. Louis on 2500.

50 Mil 5 34: | lar domestic section. Republic Steel | Rubber futures, which ran up as : i EY anh Ob .. 247 ny | 8 US Fire... Bt 56% | Convertible 414s of 1950 were down | much as 70 points yesterday to new |... 4. sug ~ ; ; nl Cull ue won y Westchester Fire : 1'2 to 207, and Youngstown Sheet Peaks since February 1929, met Fed Dep St 3h 3 “1% (Unjon B & P ... 90 88%, 883 (350-500) Good and choice $ 8.50 2.0 Sheep received in Chicago were | Times Special : Money and Exchange |& Tube 3% convertibles of 1051 | heavy realizing and had losses of Eid Fhen - 81, 30 8 + 3b [Union Carb ".....108 Md 1044 Common, medium . 5 00a 6.50 | 4000 of the 7250 reported at the four | NEW YOR , March 31.—Tor Jans lost 3 points to 152. Rails eased | 116 to 36 points around noon, while | Flintkote Co .... 42% 421, —-Y Pacific : 2 ev Feeder and Stocker Cattle | markets. Chicago was generally | Uary, 1937, sales of electrical appli= INDIANAPOLIS STATEMENT narrowly from early highs, but held cotton futures were mixed 5 points Pe Eo Co ih 1s By oo Map Areal . 1 ; 31 3 4 i (500-800) Good and choice. .$ 7.004 | steady with so little business done | ances showed a decided increase Pevits =. i ne 200 | steady above the previous close, lower to 6 points higher with dis- |Freept Sulph 2% 20% 29% +4 Arca... Tv -""Y (300-1050) Good and choice’ 8307 7.00 | NO price was established. Tuesday's Over those of a year ago, Electrical Clearings for month Utilities declined fractionally. | tant months at new seasonal highs. ‘ t east MW A 11 eitersw. COMMON. ‘medium. 8.00m 7.00 | quotation on good Colorado lambs | Merchandising said in the current Debits for month =~. § : ls Jes reste yw Ris) RIED | Sabri] TEMAS We Wi A or 2a 421, 42% Good and choice a 8.500 | was $12.25 to $12.50 and the average | BR of olectyi JASURY STATEMENT 3 : ut met profit-taking which held Gen Bak Le 18, CY ! ¢ x ommon and medium 5.904 | around $12.35. Pittsburgh was steady | Sale electric ranges were up TREASURY Chicago Issues Higher | gains to 2 to 6 points. Sugar fu- | Gen cab : : 2 Swi Un Eng A Fdy.. 86. 5615 86: SHETD AND LASS lon 450, and other markets strong, | 123.7 per cent, 1. E. 8. lamps, 1108 : | . i 2 Receipts, 500 - | Cleveland on 1000 and Pittsburgh | per cent, refrigerators, 43.1 per cent

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S } t fisc sxpenses ang Teceipis dor ht ith ul ; Metals firmed on the advance in J ) ) —-—" By United Press domestic electrolytic copper to 17 °F, a Et VAS es q J re Lv. [email protected]

Vear ago. This Year Last Year ! : vy 3 3 A : 5 Expenses $5,401, 982,520.60 $5,323.720,087. CHICAGO, March 31. — Stocks | cents, the best level since 1930 and : 7 U » 10a Soe 3 nd eae verene 9.00610.25 | N : DRY ARE Hi Povo } 13 feat - ’ | (80-175) Good and cholee.. 5.00@ 800 APPLICATIONS UNDER ba VIDE} D IS DECLARED

Receints ve irate ath oe 3, 2 31 3a a} worked generally higher in quiet | Up % cent. Deficit, 23% 290330340 hh | dealings on the Chicago Stock Ex-| Coffee futures were 2 points low HED WE IS Oh Aon 77-B GAIN IN WEEK | one p and lamb quotations on clipp » MINNEAPOLIS, Minn., March 31. t —— a | ==Greneral Mills, Inc., today ans

Cash bal. . 1,770, .903, Pub. debt .34,667, 338. 858. §i33 2 change today. Utilities and special | er to 8 points higher. cocoa was 4 (By United Press) Times Specinl nounced a dividend of 5 cents a CHICA 0c, Maren Livestock: Hogs NEW YORK, March 31.-—Al-| share on its common stock. payable

11/352'811.483 i Gold res. 1 348064.090.37 290.932.679.57 | industrial shares were in best de- Points lower to 2 points higher. | | Receipts, 13,000 And ing 4500 rirectx | May 1, 1937, to stockholders of |

istoms os —— mand. Lard was unchanged to 2': points | Gimbel Bros FOREIGN EXCHANGE Reliance Manufacturing rose 1% | lower and cottonseed oil was 5 to | Gudgen ; : "now very slow, general trade | though the number of United States record April 10, 1937,

SID DI AI DANI DV TY ~INI

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| Gimbel pf

“hs . .e i (By United Press) to 347c, Dayton Rubber and Swift 8 points higher. (Goudrch rrr a ‘ h oy ICP RLA market ltr £0 : | steady to 10c lower than Tuesdays aver: | .ommercial and industrial failures

NEW YORK, March 31.--Foreign ex- . v . id Ahh . change was higher today. International firmed fractionally to | | Goodyear .. 51, 3, 48 : age. apous Off more: bulk good and choice Goodyr pf ...... 13f : be Vadseo Sales .... 2 : | 200-320 1bs., $10.104 10.30; top. £10.35. most | was said to be lower for the week |

England (pound), 4.89, up 00 1-18 new highs and such issues as Elgin | , 8 . England (60-day bill rate), 4.88%, up FOOD PRICES INDEX | Sotham Jie - Ei i — yihagm. ne 42% : Bran sh 8 id 4 it vane ended March 25, Dun & Bradstreet, |

.00 1-186. National Watch, Leath Co, Mar- Graham-P ret ob : 3, "od Granby vos IE : > + 33 | ’ ter pigs, $09.25. | reported today that applications |

Canada (dollar), 1.00's, up .00 1-64, shall Field and Perfect Circle had France (franc), .0459 15-16. up .0000'%. : , Granite C St .... “i Va-Car 6 pf ... Cattle Receipts, 10,000; calves 1500; fy lias Bars uo er 4 fractional gains. Commonwealth DECLINES FROM HIGH Gt North bf ' 891; 50 me rank and file IP steers and yearlings for 77-B reorganization were in- SAFE DEPOSIT ). 1684. < as , EEN 5 3% + . 1 A we to 25¢c lower y choice ime . X any (mark). 40222 or pov oD a an By United Press § Sve IB 3 36% J I Jyabash of A a A : ‘ medium weigh! and weighty steers holding creasing. Corman Eh Tl ET ta Northwest Engineering sold off a| NEW YORK, March 31.—The Dun [Greyhound ‘Corp 18 13 dan ~~ a | WARS (0 000 1: fn © a [sla Buia ew Wen ‘op: But nIce | The aggregate reported was 189, Holland (guilder), Saisie i y : i A —1he Dun | Greyhound 5' Pot 11% 4 ben Walworth gs _ 1, | averages; several loads $14.80@ 15.50; light against 193 for the previous week. BOXES Spain (peseta), unguote point and moderate losses were re- | & Bradstreet index of wholesale food | — War Bak A 4 Tl SES ee ian, 1 100-=Ib. Section 77-B bankruptcies totaled Sweden (krona h 531% o Nr corded by Lion Oil and Adams Roy- [prices in the week ended March 30 | Han Print ....... 17% 3 Ward Bak B . ory. | sold: fed heifers and Bulk cutter grades | 19, compared with 13 the previous 3 oboe alty. declined 2 cents to $2.99, the first re- | Hecker Brod vere 38 3 S2e = Ji | Warn-Quin ov, 9% / ery Steady onctly, Rood and | week, Both figures were approxi- Reasonable

Denmark (krone), up .0 ese cession in five weeks. In the pre- | Hershey Wes Oil & 8 .... Bila Bila O /4 | at $6.75, down on suiisage offerings. veal- mately the same as the correspond- Rental enta

Holland RN 3 48 48 st, vr JOS & ers o 9.501 f J! ; OIL COMPANY HAS SUPERVISED SHARES seven-year high. index stood at a EMRE 1: fy fu Be ol | WE BREA BT I) hie ah, ees er account: nab | NE UIE DROTL ore 28, com. | » 3 ; « A st { von BRS : . 5 - | . Houston Oil ..... 18 1! f a , “Vs . Aki Sh “Receipts, 4000, includi 500 di- i’ | $46,880,000 NET PAYS 2 DIVIDENDS |, corresnonaing periods of previ. | pots Sopte 30 8, 8% ©of |WRRCHOL (0B Hu HF pe Tu I Sigel apend 98 per sey | Paved With 2 the week befor: Security Trust Co N———————— 1936; $2.69 in 1935; $2.11 in 1934 and ’ Woolworth Sie f 10% . a ; bidding ound ay noRing ine Ww a y ’ By Catto oren Vids Spe $157 in 1033. 804m ce % gu gs... | Worthington... aT, gn or} SILVER UNUHANGED 130 E. Washington CHICAGO, March 31—Standard | BOSTON, March 31—Two divi-| Increases in flour, wheat, corn, | Ingersoll 3015 13613 13812 © 1° | yellow Tr... 30% 02% 0% —— By Jniea prin kK. Muh 31-8 . ; ‘ 2 118 - 1% |Y S& W ... 4 41% 4 LAFAYBTTE, March 31, rket, ) > Jl ~bar Oil of Indiana, and its subsidiaries, | dends totaling 15 cents a share have |I'Ve, oats, lard, sugar, cocoa, eggs, +o 30% , a + Young Sheet 95% 95% 95% - steady, to 30c higher, S10 silver remained unchanged today at

had a net earning of $46,880,000, or | been declared by Supervised Shares, Steers, and lambs were more than 10.16: 275-325 Ibs. -395 1h

offset by declines in barley, butter, | Inter Cees 10% 10% 10% " h $9.95710: 178-200" Ibs. 80. 4 150-170 | 45% cents a fine ounce. - $3.09 a share on 15196241 shares |Inc. an announcement today stated. | oofree, My le, ee = 1 ARTIS «oY " Xn + »B.&0. CARLOADINGS I 1 han i 3 ooD- a Cc 0 W M 0 D i T ! ES

: , : ; \ Lambs, $11.50 of common stock outstanding, for| Both dividends are payable April As Bf fo... 38 se 23. 3%6 CARS ambs, § sown. _Caives, $9.90 Gown." |. ona. eariv: Yop. $10.15 Tor best i90- | : : 13 ho 19 CLIMB 2 250 Ibs., scattered lots: heavyweights high- Orders Executed in Futures

the fiscal year of 1936. 15 to stockholders of record March TRADE IN WESTERN YNE, March 31. Hogs, steady: !er in instances: 275-300 Ibs, $0.76 10; © 995.250 Ibs. $0.80: 180. | bulk desirable, 160-270 Ibs. $6.85 10.10’ in all Commodity Markets

The figures announced today |31, the company said. nt ly vee HONE GE 3 9.90; b were an approximate estimate of the NT mT ve STATES ADVANCES | b Ln } & % TAAL E. March 31.—Total 54 b ; , 3001 o ay 0 i 0-25 SN: try Kt on Besse TH tw EL PRIVATE WIRES | . o — ID, 8. + : ! ' 1 1 » COTTON FUTURES ES MIXED BALTIMORE, I 40 lbs, 9 BH. 120- 130 Ibs., $8. : pag good wooled rh Piany Sian

—— wore BY, J 8 » : | . " "3 : Company s Epp prior to LL United Press Times Special > 14 3% 8 carloadings for the week ended Be we DUR. $8.75. stags, $7.50 310.8, lightweight slaughter ewes, most $5.50 | y SU 1 y tree calv m . i of the yearly statement on April 14. NEw YORK, March 31.—Cotton: SAN FRANCISCO, March 31.— LH ‘By ee March 20 was 55014, Baltimore & ” » B a ——————— - W. L. LYONS & GO. Comparable earnings in 1935 | futures were mixed in active deal-| Business in seven far Western I Tron Rts... 12% &% .... |Ohio Railroad Co. said today. (By Times Special) B $ TePEWRITTEN LETTER: | Estab. 1838 AUTOMATICALLY TYPED |

amounted to $30,179,895, or $198 a ings today, near months easing | states f ru regist im 12% ee : ] /B810CK | : SE yy lwrul an/ or Ten 3 v This was reported as the 1argest | c,i0e Receipts, 256. including 160 direct: ADORENSING & MAILING | MEMBERS:

share, while distant positions rose to new |8.3 per cent increase over last year, (GRAPHING | ‘ Today's figure was computed ! seasonal highs. The action largely | according to the Business Review of | Kan © Sou number of cars loaded since the fer faite, otiod L TTE Me eTenana cut | York Ton Oicaos Match Ere after deductions for Federal ioe, reflected a break in near months on [the Bank of America. RE rcnyes B . 1s .... |week ended Dec. 6, 1930, when the 50 On ks SHE GRARIINGS Shane, 'Chieaxs Board of Trade. and undistributed corporate profits | the Liverpool Exchange after an| The report said this was the high- Kimberly © '.. lags : 2 d 55202. This week's 200. venler market, steady with T § $ Vi RUw2D ToRME taxes, depreciation, amortization, | early rise to the highest levels since |est level reached in that month | Kinn BE ar uijousl veathe f 233 Brachie, Ca URL LY ro tie (| 40 N. Penn. St. LI-6563 ss Bi mh figure was an increase of 23326 practical Tob. WR a ahs above a 303-307 Bld u 612 Russell McDermott, Mgr

nd all other charges. lo. |since 1931, ¥ Sigg! 1 + loads over the same period Inst year | oi