Indianapolis Times, Volume 42, Number 241, Indianapolis, Marion County, 16 February 1931 — Page 14
PAGE 14
GRAIN FUTURES IRREGULAR ON FOREIGN NEWS Liverpool Higher on Reduced Estimate of Argentina Wheat Crop. Ay C nitcd Press CHICAGO, Feb. 16.—Grains were fibout steady in a light trade as the Board of Trade opened today. Wheat was supported by the firmness at Liverpool and the rather bullish world statistics. This offset the concern aroused by the announcement on Saturday that Chairman Legge of the farm board 'vould resign shortly after March 4 and Samuel McKelvie, the wheat member, would resign when his lerm ended in June. This development further complicates the situa*ion in regards to the government's Policies. Corn was steady to lower, pressure being light at the start’ Oats were slightly firm on better prospects. Rains Arc Reported At the opening old wheat was ♦ cent, lower to % cent higher, new wheat was 1 H cent lower to % cent higher, corn was unchanged to % cent lower and oats w’ere unchanged 10 > cp ht higher. Provisions were quiet, but indications pointed sharply higher, Liverpool was stronger than expected, being % cent to I\k cents higher at midafternoon on the news that the Argentine government had reduced its estimate on the wheat crop by 33,000.000 bushels. Wheat prices are so low that traders hesitate to sell short and operators even up at the close of each day’s trading. The uncertainty of the weather and of the government’s future actions is keeping the trade in an unsettled state of mind and the prices in a narrow range. Sections of Kansas. Missouri and Oklahoma received scattered rains over the week-end. Sentiment Bearish. Sentiment in corn continues bearish despite the fact that prices are near the season’s low marks. The principal depressing factor is Ihe large shipments to Chicago from other terminals, due to the shortage of storage room. The large stocks of wheat, especially at Kansas City, arc taking all the available space. Receipts are running fairly large. A good decrease is expected in the oats visible supply today. Tills would be bullish were it not for the unsettlernent in the other grains. A trading market is all that most operators expect. Chicago Grain Table —Feb. 16— WHEAT (old i- Prev. High. Lo?. 11:00. close. Mar 79 1 * .79% .79‘a ,79' Mav . .82 % .82% .82Va .824* July 89 s * 68% .89 . 69 U Bept 69', 68*,• 68% .69 CORN (Old) Mar 634a .6.1 .63% .63'a Mav 65% .fin 65% .65% July 67% 66', 67 66% Sept 66% 66% .66% .66% OATS (oldi Mar 331s .33 .33 .33% Mav 33% 33’, 33% .33 1 - July 321a 32'1 .32':, .32% RYE (old) Mar • 38-)4 May 40V* .40% July *l% .4118 LARD (old) Mar ••• 812 Mav 8.37 8.30 8.30 8.25 July .... 8.45 8.40 By Time* Kpeciai CHICAGO, Feb. 16.—Carlots: Wheat, 82; corn, 206; oats, 16
Local Wagon Wheat
Citv Brain elevators are paying 68c lor No. 1 red wheat and 67c for No. 1 hard vhear
Indianapolis Stocks
—Feb. 16. Bid. Ask. American Central Li Inc Cos.. 1,000 . . Belt RRfc S Yds Cos c0m.... 43% 48 Belt R R Yds Cos pfd 51 56 Bobbs-Mernll Cos. .... ... ••• Central Indiana Pw Cos ptd 7s 79% 84 Circle Theater. Cos com 7s ... 98 Citizens Gas Cos com 10s .... 25 Citizens Gas Cos pfd 5s ...... 98 ... Commonwealth In Cos pfd is.. 97% 102 Commonwealth In Cos pfd ...100 Equitable Securities 25 Hook Drug Cos com Indiana Hotel Cos Clanl com.. 10a Indiana Hotel Cos pfd 6s 100 ... Indpls Gas Cos com 6s ....... 56% 61% Indpls Pwr Lt St Cos pfd 6%5.103 loa% Indpls Pu Welf L Assn com 8s 51 Indpls Water Cos pfd 5s 101 “Inter Pun Ser Cos pr lipid 6s 83 -Inter Pu Sr pr pfd 7s 99 101 Metro Loan Cos 8s 101 ••• N Ind Pub Serv Cos pfd a%5... 89%. 94 -North Ind Pub Serv Cos old 6s 98 102 North Ind Pub Sv Cos pfd 7s 106*/= ... Proc Laundry Cos coin ........ 31 E Rauh & Son Fertil Cos pfd Cs 4i Terre Haute Lt & Pwr nid 67 Union Title Cos com 5s ....... 20 ... Van Camp Prod Cos Ist pfd 7s ... 93 Van Camp Prod Cos 2d pfd 8s .. 98 Auburn Automobile Cos com ...178 180 Backstav Welt Cos com 13 15 Ind Pipe Line Cos 20 22 Link Belt Cos com 30% 31% Lynch Glass Machine Cos com li 18 Mead Johnson & Cos com 87 89 N Y Central Railroad Cos 124 126 Noblitt-Sparks Industrials Inc. 43% 45% Perfect Circle Cos com 26 28 Real Silk Hosiery Mills Inc Cos 29 30% Real Silk Hosiery Mills pfd... 84 90 Ross Gear & Tool Cos 27% 29% Standard Oil Cos (Indiana).... 35 Studebaker Corporation .... 21 23 •Ex-dividends. Bonds Belt R R & Stk Yds Cos 4s ... 85 Broad Ripple Trac Cent Ind Gas Cos 5s .......... 99 ... Citizens Street Railroads as ..23 27 Home T & T of Ft Wayne 6s. 102% ... Ind Railway & Light Cos os.. 95 ... Indpls Pwr & Lt Cos 100% 102 Indianapolis Gas Cos 5s ......100 103 Indpls & Martinsv Ra Hr Cos 5s 15 indpls & Northw Trac Cos ss. 42% ... Indpls St Ry 4s 15 ... Indpls Trac & Term Cos 05.... 42% ... Indpls Union Ry AJ}O Indpls Water 5s 98% ... Indpls Water Cos 5%s ..103 105 Indpls Wa Cos Ist lien & Ref 5s 99 Indpls Water Cos 4%si ........ 95% ... Indpls Water Works Sec Cos 5s 89 Tnterst Pub Serv Cos 4%s 89 No Ind Pub Serv Cos 5s 95 Tnterst Pub Serv Cos 6%s 102 No Ind Pub Serv 5s 99 No Ind Teleph Cos 6s 98% 300
Net Changes
By United Press NEW YORK. Feb. 14. Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up., os. American Can ..117% % ... American and Foreign Power 37% % ... American Teleohone 193% % ... Bethlehem Steel vB% ... ... fara Consolidated Oas 94% % Electric Power jl% ... % General Electric 4„% % ... General Motors 42% ... International Telephone ... *9 * % ... Loew’s Inc o * 3% ... National Biscuit 80% % ... New York Central 125 ... ... Radio 1 Pndio-Keith Standard Oil New Jersey.. 50% ... % Transamerica 13* , United Corporation 32* % United States Steel %5% % Wesfln'ghouseJElectric 97% i% Worthington Pump 93%• % ... New York’ Liberty Bonds —Feb. 14— V- - 101.22 Ist 4%a jaa-26 th 4%s }?? o® rreeiury 4’*s HI, 8 Treasury 4s 101.6 Treasurv SHs of 47 102.19 Treasurv of 43 102.8
New York Stocks <B? Thornton St McKinnon' ——————
—Feb. 16— Prev. Railroads— High. Low. 11 30. close. Atchisou 198 1971* Bait it Ohio. ... 82H 82% 82% 82'* : Chess it Ohio.. *4% 4* 44% 44% Chesa Corp 49 48% 481* 491* ! Chi ort Wrest 7 Chi N West 43 >4 43% 43% 43 CRUF 60 59V, 60 Del & Hudson 15014 ... Erie ~ 34 Great Northern ... 68 67% : Gulf Mob & Oil 20's Illinois Central. 84 83% 84 83% Kan City So .... 25 24 % 25 Lou St Nash 110v* M K <fc T ~ 24% Mo Pacific 41% 40% Mo Pacific pfd 105 ; N Y Central .126% 123 126 125 j Nickel Plate ... 88 , Nor Pacific 57 56% 57 56% Norfolk & West .. ... 209% Pere Mara . • ■ • 80, Pennsylvania .. 63 62% 63 62% Seaboard Air L.. % U % _ % So Pacific ... 10a 3 10a 1 * Southern Ry.... 62% 61% 62 3 * 62 ’ St Paul . B*a 8% St Paul pfd .. 13% 13% 13', 13, St L St S T ■ 58% 56 58', 56% i Union Pacific 202 Wabash .. 18% W Maryland... 1* 17% 17% 17t* Equipments— Am Car St Fdy 32% 32:. Am Locom’tve 25% ... Am Steel Fd 37% 27% 27% 27 Gen Am Tank.. €9% 68 69 69 General Eiec 49% 4* 49% 48% Gen Ry Signal 75% (5% Lima Loco 29% ... N Y Airbrake 22% 31 Press Btl Car 5 5% Pullman 54 a4% Westlngh Elec . .101% 98 V* 101 97% Rubbers— Firestone 17% 17% 17% ... Fisk •* Goodrich 17% 17% 17% 17% Goodyear 47 % 46% 47% 45% Kelly Sprgfld ... 2 1% 2 1% U S Ruboei. . 13% 13% 13% 13T, Motors—- ; Auburn .. 188% 181 138 180 ! Chrysler . 20% 20% 20% 19% j Gardner . 1% .... ; Graham Paige. 4% 4* a 4% 4% : General Motors.. 43% 42- 43 42% Hudson 22 21V, 21% 21% Hupo 11% 10V, 11’*. 10% i Mack 41V* 40% 41 39% ; Marmon 6 ! Nash 34 34% , Packard 10% 10% 10% 10% 1 Pierce-Arrow 26 .... Reo 9% 9 Studebaker 23 22% 23 22% Yellow Truck 12’, 12% 12% 12% Motor Access— Bendix Aviation. 23 22% 22% 22'/, Borg Warner.,.. 25% 25 25 24% Briggs 18% IT 3 * 16 17% Budd Wheel . 11% 11’,* 11% 11% Campbell Wv 14% 14% 14% 14% Eaton 16% 16 16% 16% El Storage B ■■ 38% Haves Body 4% 4Vs Houda 6’/, 6 6% 6 SDarks-W . . .. ... 10 Stewart Warner ... 16% 15% Tlmkin Roll 54 53% 54 54% Mining— Am Metals ... 39 * I|% Am Smelt 50 49% 50 40% Am Zinc ,2% ••*. Anaconda Cop... 37% 37 37% 37% Cal it Kecla 9% 9% Cerro de Pasco.. 26% 26% 26% 26', Dome Mines 10% 10% 10% 11 Freeport Texas.. 36% 36% 36% 36 ! Granby Corp .... 16% 18% 18’, 18% Great Nor Ore.. .. 20% 20% Howe Sound' , .... 25 Int Nickel 16'/, 16% 16% 16’* Inspiration ...... ... 9% 9% Kenceontt Cop.. 27% 26% 26% 2i% Magma Cop 23% Nev Cons 12% 12% 12% 12% Texas Out Sul.. 51V* 50% 51 51 1 a U S Smelt 20% ... Am Republic 10',a Atl Refining 22% 22% 22% 22% Barnsdall . . 13', 13% 13% 13% Houston 11% 11 11% 11% Indian Refining 4% Mex Sbd 17% 17% 17% 17% Mid Conti . . 15% 15 15 15% Phillips 14% 14'* 14% 14% Pr Oil St Gas. .. 10% 15V, 15% 15 Pure Oil 10% 10% 10% 10% Richfield 5 4% 5 5 Royal Dutch 41% Shell Un 9% 9% 9% 9% Simms Pt . 9% 9% Sinclair 13 12% 12% 12% Skelly 10'/, 10 1 /, Standard oi Cal 491* 49% 49% 50% 2/and of N J . . 50% 50Vi 50% 50 V* Stand of N Y 25% 23% 25', 25% Texas Cos .. 34 34 V* Union Oil ... 25Vb Am Roll Mills.. 31% 30% 31% 30’/= Bethlehem .. . 60V* 59Vi 59% 58% Byers AM. . 56% 54% 56% 53% Colo Fuel 26% Ludlum 17% 17V* 17% 17V* Midland 23 Repub 1& S .21 19% 20% 19% Newton 17% U S steel .. 146% 145%. 146 145’* Vanadium . 65V* 63% 65 63 Youngst S& W 24% 24% 24% 24% Tobaccos— Am Sumatra 10% 10% Am Tob (B• nev.117% 116% 417’* 116 Am Tob (A) new.ll6 115 116 114 Con Cigars 30% General Cigar... . 46 Llg & Myers B . . 89 89 Lorillard 7% 17% 17% 17 Reynolds Tob . 45Vi 45 45% 45' Tob Pr A .. 12% 12'. Tob Pr B 33 United Cie 5% 5% Utilities— Abitibi 10% 10 Adams Express.. 22 21% 21% 21% Am For Pwr.... 38% 37% 38 37% Am Pwr it Li. .. 33 52% 53 5i% AT&T 193% 192 193% 193% Col Gas & E 1.... 40 39% 39% 40 Com & Sou 10 9% 10 10 El Pwr &Li 52% 51V, 52% 51% Gen Gas A 6 5% 5% 5% Inti T & T 30% 29% 30Vi 25% Natl Pwr &Li .37% 37 37 37 N Amer Cos 83% 31 83% 81% Pac Gas & E 1... 47% 47 47 47 PubSerN J... . 85% 84% 85% 84% So Cal Edison 50% Std G & E! 70% 70 70'2 69% United Corp 23% 22’a 23% 22% Ut Pwr &L A 27'= 27% 27% 27% West Union 140 140 Shipping— Am Inti Corp 21% 21% 31 % 21 United Fruit 61 60% 60% 61 Vs Foods— Am Sue 51 % 51% Armour A ... SVi 3'/a 3V* 3% Beehcnut Pkg 57 Cal Pkg 52 50 52 49 Can Drv 35% 34% 34% 34% Childs Cos 31% * 31% Coca Ccla 163% .... Cont Baking A. , 26% 26V* 26% 26% Corn Prod 84% 83% Cudahy Pkg ... 43% Cuban Am Sugar , 4V* Gen Foods 53'a 52% 53% 52% Grand Union . 14% ... Hershey 92 91 Jewel Tea 54% 54% 54% 55 Kroger 27% 264; 27% 27 : Nat Biscuit . 80=a 80% 80% 80% Pillsbury ... 31 Safeway St ... 62% 57V* 62Vs 57 Std Brands 19Va 18% 18% 18% Ward Bkg ... 6% Drugs— Coty Inc 14% 13% 13% 14%
Produce Markets
Ebbs (country run)—Loss off del’verea in Indianapolis, lie; henery Quality No. 1, 14c; No. 2. 10c. Poutrv (buying prices)—Hens, weighing 5 lbs. or over. 17c; under 5 lbs.. 16c, Leghorn hens, ilc: capons. 7'/= lbs. up. 28c: 6%-7% lbs.. 24c: under 6V= lbs., 20c; springers. 5 ibs. or over. 17c; or under 5 lbs.. 17c; ducks, springers. 11c; old cocks. 9@llc; ducks, full feather fat white 9c: geese. Bc. These prices are for No. 1 top cualitv Quoted by Kingan & Cos. Butter (wholesale! —No. 1. 39@30c: No. 2. 27@28C. Butterfat—2sc. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf, 32c; Wisconsin firsts. 27c; Longhorns. 34c: New York Limberger. 36c. j By United Press NEW YORK. Feb. 16.—Potatoes—Mar- : ket. dull and weak: Long Island, $1.75® i 3.85 barrel: southern crate. $1.25@2: Maine. $2.75®3.40 barrel: Idaho. [email protected] sack: Bermuda. $6.50®9 barrel; Canada. 60c® $3.60 barrel. Sweet potatoes—Market steady; jersey baskets? [email protected]; southern baskets. [email protected]. Flour —Market, dull and unchanged; spring patents, $4.55 @4.85 barrel. Pork—Market, dull; mess. $38.50. Lard—Market, steady; middlewest spot. $8.35 @8.65. Tallow—Market, poultry—Market, quiet; turkeys. 31@42c: steadv; special to extra. 3%@3%c. Dressed chickens. 20@39c; broilers. 234150 c: capons. 26@46c: fowls. 14@24c; ducks. 15@22c; Long Island ducks. 23®24c. Live PoultryMarket. auiet: geese. 13@ 19c; ducks, 15® 28c; fowls. 20@22c; turkeys, 30@40c; roosters. 14® 16c; chickens. 19@28c, capons. 210:40c; broilers, 28®42c. Cheese —Market, auiet: state whole milk, fancy to special, 17@22%c; young Americas. 17 @2oc. By United Press CHICAGO, Feb. 16.—Eggs—Market, firmer; receipts. 21,010 cases; extra firsts. 16%c; firsts, 15%c; ordinaries. 14@T4%c: seconds. 12%c. Butter—Market, firm: receipts, 9.375 tubs; extras. 27%c; extra firsts. 26@26%c; firsts. 25@25%c; seconds. 23%®24c; standards. 27%c. Poultry Market, firm: receipts. 1 car; fowls, 19%@ j 21c; springers. 26c: Leghorns. 17c; ducks. • 23c: geese. 13c; turkeys. 25c: roosters. 15%c. Cheese—Twins. 14 3 *@lsc: young Americas 16%@16%c. Potatoes—On track. 293: arrivals. 215: shipments. 1,018: market. weaker: Wisconsin sacked round whites, $1.30® 1.40; Idaho russets mostly $1.50; Colorado McClures, branded. $1.70 @1.75. By United Press CLEVELAND. Feb. 16:—Butter—Extras. 27%c; standards. 27%c. Eggs—Extras. 17%c: firsts. 16%e. Poultry—Heavy fowl, 21c; Medium. 21c; Leghorn fowls. 16@17c; heavy broilers. 21®23c: Leghorn broilers. 15c; ducks, 25c; old cocks. 13c; geese. 15 @l6c; stags, 20c; capons. No. 1. 28@33c. Potatoes—Maine Green Mountains. $2.35® 2.40 per 120-lb. sack; Idaho russet. $2.10 ®2.50. ! By United Pre*s CINCINNATI, 0.. Feb. 16.—Butter—- ; Higher: creamery in tub lots according to score, 255 27c; common score discounted 1 2@3c: packing stock. No. 1. 20c; No. 2, loc; No. 3.10 c; butter fat 23 y 2oc. Eggs ; —Steadv: cases included, extra firsts, j 16%c; firsts, 15c; seconds. 13%c: nearby ungraded 16%c. Live poultry—Thin and coarse stock sell only at heavy discount; Fowls, 5 lbs. and over. 17%c; 4 Ibs.. and over. 19c; 3 lbs. and over. 19c; Leghorns. 3 lbs. and over. 14%c; roosters, 13c; ! capons. 8 lbs. and over. 32c: under 8 lbs, ,8c; slins. „lc; stags 16c; colored frvers. over 3 lbs, 30c; over 3 lbs, 30c; Leghorn and Orpington fryers, over 3 lbs, 33c; broilers new crop full feathered. 1% lbs. and over. 35c; roasting chicks. 4 lbs and ‘ over. 2Sc; black springers. 15e.
Lambert C 0.... 83% 82% 83% 82% Lehn & Pink. 31% 31% i Industrial*— Am Radiator.... 18% 18 s * 18% 18% Bush Term 30% ... Certalntced 3% ... Gen Asnhalt 39% 37% 39% 38 s , Otis Elev 55% 54 s * 55% 55 Indus Cbems— Allied Chem ....166 164 168% 183% Com Solv 20% 19% 20 18% Union Carb .... 64% 63% 64% 64 U S Ind Alco.. 68% 67% 68 86% Retail Store*— Assoc Dry Gds 26 26 Glmbel Bros .. 6% 6% 6% 6 Kresge S 8 27% 27 27% 27 May D Btore 34 Mont Ward 24% 23% 24% 24 Penny J C . 35% 35% 35% 35% Schulte Ret St. 5% Sears Roe 56 55% 56 55% Wooiworth 62% 60% 62% 60% Amusements— Col Graph 10% 10% 10 s * 10% Eastman Kod ~170 169 170 167 * Fox Film A 38 36% 37 37% Grigsby Grunow 4% 4% 4% 4% Loews Inc 63 60 V* 62% 62% Parana Fam .... 49V, 48% 49 s * 48% Radio Corp 18% 17 s * 18 17% RK O 21% 21% 21% 21 Schubert 7 8% 6% 6 Warner Bros . . 19% 18% 19 18V, Miscellaneous— City Ice & Fu 36 Congoleum 9% 9% 9% 9% Amer Can 120 118 120 117% Cont Can 55 54 54’a 54 Curtiss Wr 4 5 4 4% 4% 4% Gillette S R 32% 31% 32% 31% Real Silk 29% 30 Un Aircraft 33% 32% 33V, 32% Inti Harv 55 54% 54 s * 54%
The City in Brief
TUESDAY EVENTS Indianapolis Auto Show, state fairground. Indiana Shoe Travelers’ Association, convention. Claypool. National Federation of Radio Associations. convention, Lincoln. Rotary Club, luncheon. Claypool. Gyro Club, luncheon. Spink-Arms. Mercator Club, luncheon, Colombia Club. Architectural Club, luncheon, Architects' and Builders’ building. Purchasing Agents' Association, luncheon. Severin. American Chemical Society, luncheon, Chamber of Commerce. Universal Club, luncheon, 2301 North Meridian street. University of Michigan Alumni, luncheon. Lincoln. North Side Exchange Club, luncheon, 3810 College avenue. Alliance Francaise, luncheon, SpinkArms. Indianapolis Republican Veterans, luncheon. Board of Trade. Indianapolis Medical Society. 815 p. m.. Athenaeum. Indiana League for the Hard of Hearing. 7 n. m.. Stokes building. The Indiana society of the Sons of the American Revolution will meet in the Propylaeum, 1410 North Delaware street, at 6:30 Wednesday night, Feb. 25. Professor Paul Haworth of Butler univeristy will be the principal speaker. The Rev. Wililam A. Shullenberger, pastor of the Central Christion church, will address the noon meeting Thursday of the Indianapolis Real Estate Board on George Washington. The board will meet in the Indianapolis Athletic Club. Dr. Fred Morrow Fling, professor of European history at the University of Nebraska will address a meeting of the university’s alumni tonight in the Spink-Arms. Dr. Fling, member of the faculty of th* university for forty years, is author of a number of books on French history and on history writing. F. A. Magee, director of the F. At M. system. Chicago, will address the National Association of Cost Accountants in the Chamber of Commerce Wednesday night on “The F. A. M. Coct Accounting Control System.’’ Dr. A. L. Sacher, noted Jewish educator, will address the Beth-El Men's Club Wednesday night in the Beth-El temple, Thirty-fourth and Ruckle streets. Ward Hunt Dean will be the principal speaker at the Rotary Club luncheon Tuesday in the Claypool. Dean is manager of the Hoosier Supply Company and a member of the club. W. Rex Bell was elected president of the Outdoor Advertising Association of Indiana at its convention at the Lincoln Saturday. Other officers are H. G. Thomas, vice-chairman; Charles M. Bryan, director of the national association, •and Harry S. Rogers, secretarytreasurer. The Kiwanis Club will hear an illustrated talk at its meeting Wednesday in the Claypool by John George Bucher, fellow of the Royal Geographical Society, on “Germany Today.” Organization of the Negro Community League to sponsor community activities during the spring and summer was announced today. J. Halford Broyles has been elected president of the group and Thursday will name an arrangements committee. ‘Character is the soul’s reaction to life,” L. W. Rogers told a theosophist society Sunday night in the Denison ir. a lecture on “Reincarnation.” The Women’s auxiliary to the Sahara Grotto will meet Wednesday night at 7:30 in the Grotto home at Thirteenth street and Park avenue. Dr, Jean S. Milner, pastor of Second Presbyterian church, will address the annual dinner meeting of the Indianapolis Community Fund, in the Riley room of the Claypool, Feb. 24, on “The Long View.” At the meeting the 1931 honorary member to the fund will be named. Radio programs for smoke abatement in Indianapolis will include the following speakers this week; The Rev. Frank S. C. Wicks, both WKBF and WFBM Tuesday; Dr. Herman Morgan, city health officer, WKBF Tuesday; Mrs. George S. Olive, both stations Wednesday; and Roy Johnson, secretary-mana-ger of Indianapolis Smoke Abatement League, both stations Thursday. Miss Johhetta Dozier today was charged with assault and battery for striking her stepfather, James Gross, 54, of 405 Blake street, with a fruit jar Saturday. Seventeen stitches were required to close the wound in his head. Results of the vote on veterans’ bonus will be heard by radio at 7:30 tonight by members of the police and firemen’s posts of the American Legion, who will gather at the club of the posts at 10e% South Illinois street. All ex-service men have been invited. Study of juvenile court activities in major cities of the middle west will be made by Juvenile Judge John F. Geckler, he announced today, 200 Coal Miners Return to W ork By United Press WHEELING, W. Va., Feb. 16. Two hundred miners returned to work after three months’ idleness today with reopening of No. 3 mine of the Elm Grove Coal Company. Indications point to steady employment of the workers. General Manager Ernest C. Mobley said.
. THE INDIANAPOLIS TIMES I
PORKER PRICES JUMP 5 TO 10 CENTS HIGHER Sheep, Lambs Sell Steady; Vealers Stationary at $10.50 Down. HOGS Feb. Bulk. Early Top. Receipts. 9. $6 90® 10.00 $8.24 5.009 ! 10. 11. 7.0047. 8.25 8.35 6.000 12. 6.70® 8.10 8.20 5,000 i 13. 6.5041 7.80 8.00 4.500 : 14. 6.60(5. 8.80 8 30 2,000 15. 6.80@ 8.25 8.25 4.0C0 Porker prices at the Union stock- ] yards today showed a higher trend. \ with prices ranging mostly 5 to 10 cents higher than Saturday’s best time. The bulk, 100 to 3C* pounds, sold at $6.80 to $8.25. Receipts were estimated at 4,000. Holdovers, 205. Cattle market mostly stationary, with a little change, and she stock a<#und 25 cents higher. Receipts were 500. Vealers were unchanged, selling at $10.50 down. Receipts, 400. Sheep and lambs quotably steady, with a better grade of choice lambs salable, selling at $8.75 or more. Receipts were 100. Chicago hog receipts were 55.000. ! including 20,000 directs. Holdovers. 1,000 Market fairly active for light i weights, few early sales mostly 10 'to 15 cents higher than Friday's j average. Choice of 180 to 210 pounds sold at $7.80 to $7.85. Choice of : light weights held at $8 and above. Cattle receipts 14,000. Calves, 2,000. and strong. Sheep receipts 21,000. and steady to 25 cents lower. HOGS Receipt*. 4,009; market, hither. —Light Lights—-(l4o-160) Good and choice. 7.80 —Light Weights—-(l6o-180) Good and choice..., 8.25 (180-200) Good and choice 8.15 —Medium Weights—-(2oo-220) Good and choice 7.95® 8.05 (220-250) Medium and g00d... 7.55® 7.80 _ —Heavy Weights—-(2so-2801 Medium and choice.. 6.95® 7.40 (290-350) Good and choice... 6.60® 6.80 „ —Packing Sows—-(27s-500) Medium and good.. 5.25® 6.00 (110-130) Slaughter pigs 7.60@ 7.70 CATTLE (Slaughter Class) Receipts. 500; market, steady. ! Good and choice 5 [email protected] Cornon and medium 5.00® 8.50 l„ _ (1,100-1.500) i Good and choice [email protected] : Medium 5.50® 8.25 —Heifers—i „ (500-8501 ; Good and choice 7.50® 10.00 Common and medium 4.00® 10.00 Common and medium 4.00f> 7.50 Good and choice 4.75® 6.00 Low cutters and cutters 2.50@ 3.70 _ . —Bulls (yearlings excluded)— Good and choice beet 4.25® 3.25 Common and medium 3.00® 4.25 CALVES AND VEALERS Receipts, 400; market, steady. Good and choice slo.oo® 10.50 ' Medium 7.00&10.00 j Cull and common 5.00® 7.00 1 —Calves—- _ . , (250-300) Good and choice $ 6.00® 9.00 j Common and medium 3.50® 6.00 I STOCKERS AND FEEDER STEERS j Good and choice $ 6.00® 8 25 1 Common and medium 4.25® 6 00 ! „ . J (800-1,500) Good and choice .-. 6.00® 8.25; Common and medium 4.50® 6.00 ! SHEEP AND LAMBS Receipts. 100; market, steady. Good and choice $8.50® 9.00 1 Common and medium 6.50® 8.50 Medium and choice ..!TT 3.00@ 4.50 i Cull and common 1.50® 3.00 j Other Livestock By United Press Feb. 16. Hogs Rereints 20,000 direct; mostly 10 higher than Friday’s average; some heavies up less; top, $8; bulk 140-200 lb bs " [email protected]; Piss’. lVX 7 c 25 i%n P^n 11 }? S° W S. $0.85 @6.25. Light ts '~l i 9*l 6P lb*, (rood and choice. $7.80 @B, lightweight 160-200 lbs. good and choice. $7.70®8; medium weights. 200-250-lb., good and choice. [email protected]: heavv-®e’nn-S£w3sl> lbs ” and choice, $6.40 27,5-500 lbs., medium * 5 [email protected]; slaughter pigs. 100130 bs.. good and choice. $6.85®7.85. Cattle 7'^ e ut IDts i 14 ’ 0W - Calves—Receipts, 2,000; jeWJtor steers strong to 25c higher on shipper account; strictly good and choice kinds also showing strength: lower grades slow, barely steady; better market on she stock; early top weighty steers, $1,070. i?nS u £ hter and vealers, steers, 600- ? ,ni b ,v Kood ar ‘ d choice. $8.505211.75; 900Rood and choice. [email protected]; (•iOO-USOO-ib. good and choice. $8.75® I good and oholce. $8.75 600-1 300-lb. common and medium. $5.5p@9; heifers, 550-850-lb. good and choice. $6.75@10; common and medium. $5 [email protected]; cows, good and choice. $4.50@ 6.50; common and medium. [email protected] cotter and cutter. [email protected]; bulls. vearnnKs excluded, good and choice beef, $4.75®6: cutter to medium. [email protected]: vealers milk fed good and choice. $8.50® 11; medium. [email protected]. cull and common, $5 @7. Stocker and feeder cattle: Steers. 000-1.050-lb. good and choice, [email protected]; common and med'um. $4.75@7. Sheep Receipts. 21,000; fat lambs, weak to 25c lower: other classes about steady; good and choice lambs early. [email protected]<); packers stopping at $8.60; native ewes. s4® 4.75. Slaughter sheep aid lambs; Lambs 90-lbs. down good and choice. $3@9,10; medium, S7@B: 91-100-lb. medium to choice. $6.75@9: all weights common. $6 @7: ewes. 90-150-lb. medium to choice. [email protected]: all weights common, s6@7; ewes. 90@150-lbs.. medium to choice. $3.25 @4.75: all weights cull and common, s2® 3.75. Feeding lambs: Feeding lambs, 50-75 lbs., good and choice. [email protected]. By United Press EAST ST. LOUIS. HI.. Feb. 16.—Hogs— Receipts. 14.500; market, uneven, steady to 15c higher; top. $8: bulk, 140-215 lbs.. $7.75 @8: 220-240 lbs.. $7.25@7 65; 260-290 lbs.. 56.75®7: 100-130 lbs.. $7.25®7.75; SOWS, 55.65@6. Cattle—Receipts. 3.200; calevs, 1,300; market, generally steady with beef cows strong and vealers 25c higher at $11; lew steers at $7.90; top mixed yearlings and heifers. [email protected]. SheeJ—Receipts, 1,000; market, slow; few smaall lots choice lambs to city butchers strong at $9 ®9.25; packers talking lower; Indications steady on sheep. By United Press CINCINNATI. Feb. 16—Hogs—Receipts. 2.600; holdovers none, moderately active, unevenly steady to mostly 10c' higher; spots up more on weighty butchers; better grade 160-220 lbs.. [email protected]: mostly $8.35 on 200 lbs. down; 223-240 lbs.. $7.65@8; 280-300 lbs. downward to $7; 120-15 lbs. 57.75 to mostly $8; sows steady to strongbulk. [email protected]. Cattle—Receipts. 1,200calves. 250; slow, mostly steady; low cutters and cutter cows steadv to strong: spots 25c higher: lower grade steers and heifers. $5.5007.50; better finished kind. i-8®8.50: small lot yearlings. $9; most beef cows, 54.25®5; low cutters and cutter cows. $2.75@4; bulls mostly S4O 5; vealers steady; good to choice. $9.50010.50; lower grades. $9 down. Sheep—Receipts. 75; not enough to make market; all classes quotable steady; better grade har.dv weight lamb.v $9®9.50; common and medium 56.50®8; fat eews. [email protected]. By United Press CLEVELAND, Feb. 16.—Hogs—Receipts—--4.200: holdover. 145: 10 to 20c higher; 210 lbs. down. SB.IO- 220-250 lbs., largely. $7.60-260-300 lbs.. $7.25; heavier butchers $7 : occasional 360-lb. averages. $6.75; rough sows, $6.25- stags. $4.50; steady. CattleReceipts. 700; steers uneven, near steadylittle in dressed trade to warrant even a short run advance: occasional cows selling higher; bulk common to medium steers $6.50@8: best yearlings. $9.25 or abovefat cows. $5.60 down. Calves—Receipts. 600: near steady. Quality and choice considered; bulk desirable vealers. sl3: sparingly to $12.50; culls to medium largely $8 Sheep—Receipts. 1.500: fat lambs, active fully 25c higher upward to $9.25; throwouts largely $7.50@8: sheep, firm. By United Press PITTSBURG. Feb. 16—Hoes—Receipts. 2.300; market steady to 15c higher: 130-200 ibs.. $8.40®/-.60 : 200-230 bs.. $8®8.35; 230260 lbs.. [email protected]; 260-310 bs.. [email protected]. Good packing sows. s6® 6.25. Cattle—Receipts. 850: i>arket steady to 25c lower. Medium to good steers. $7.5008.50: beef cows. [email protected]: lower grade cows. $2.50 @3.50. Calves —Receipts. 350; market fully steadv. Better grade vealers. *10@12: medium kind, down to $7.50. Sheep—Receipts. 1.500: market steady. Chocle lambs, $9.25 @9.50; medium to good kinds, sß®9. By United Press EAST BUFFALO, N. Y.. Feb. 16.—Hogs —Receipts. 8,600; holdovers. 400; weights below 200 lbs., active. 10® 15c higher, others draggy, fairly steady, bulk desirable. 140-200 lbs.. $8.2508.35: few $8.48: 200250 lbs. $7.2538; pigs. 58.2508.35. Cattle —Receipts, 1,600; general trade very slow, unevenly 25c@Sl. mostly 50c@$l lower, killing quality plain, good steers $909.75; medium and shortfeds, $7®8.50; common kinds, $5.5006.75; beef cows, [email protected]; cutter grades, [email protected]. Calves—Receipts, 1,500: vealers active to steadv sl2 down. Sheep—Receipts. 5,400; fat lambs active 25 0 40c higher; good to choice. $9.25 9.50; sparingly $9.60; mixed lots around $9; medium kinds and throwouta $808.50. By United Press TOLEDO. Feb. IS—Hogs—Receipts, 4QO; market, 10S20c higher; heavies, $6.40@7; mediums. $7.2507.75; Yorkers, $7.73@8; pigs, $7.75@8. Cattle—Receipts 50; markeL slow to steady. Calves—Receipts, light, market, steady. Sheep—Receipts, lightmarket, strong.
BELIEVE IT OR NOT
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Dow-Jones Summary
New York cables opened at 4.85 23-32 against 4.85 19-32; Paris checks, 12.93; Amsterdam, 12.102: Italy. 92,775; Berlin, 20.442. Zenite Products Corporation January net income 142.059 after all charges and taxes against 91,403 in January. 1930. Vulcan Detinninjr Company year ended I>ec. 31 net profit 5335,734 after charges depreciation and reserve for taxes, etc., against $618,696 in 1929: quarter ended Dec. 31. net profit $78,747 against $125,546 in final quarter 1929. Stocks of crude rubber in London on Feb. 14 totaled 81,432 tons, an increase of 269 over preceding week; Liverpool stocks 43,679 tons, increase of 386. American Can Company year ended Dec. 31, net income $22,883,940 after depreciation. federal taxes, etc., against $22,724.802 in 1929. Prairie Pipe Line Company omitted extra dividend of 50 cents, but declared regular quarterly of 75 cents; Prairie Oil and gas declare'd regular quarterly dividend of 50 cents. American Metal Company, Ltd.. Dec. 31, net Income $1,827,578, after depreciation, depletion, taxes, etc., against $3,252,879 in 1929. Irving Fisher’s wholesale commodity price index for week ended Feb. 13 at 76.3 against 76.4 in preceding week. Beldine Hemingway Company 1930 net less $1,541,287, after interest, depreciation, amortization and inventory write-down, against net loss of $163,644 In 1929. General Motors January domestic sales to consumers, 61,566 against 57,989 in December, and 74,167 in January, 1930; sales to dealers in continental United States In January, 76,681 units. Schiff Company declared regular quarterly dividend of 50 cents on common, payable March 15, record Feb. 28. Insull Utility Investments Inc. year ended Dec. 31, net income $10,343,072 after taxes and charges. California Crude Oil production in week ended Feb. 14, increased 3,650 barrels daily to 529,850 according to California Oil World estimate. Net operation income of 171 railroads in December was $49,371,769. against $72,227,197 in December. 1929. according to Bureau of Railway Economics; 12 months $885,011. 324, against $1,724,605,403. Great Atlantic & Pacific Tea sales for five weeks ended Jan. 31 declined $6,712,109 from year ago to $97,558,824; tonnage sales increased 17,996 tons to total of 510,421 tons. Columbia Gas and Electric and subsidiaries 1930 net income $1.76 a share on 11.684,220 common shares against $3,12 a share on 8,477.224 shares in 1929. Kroger Grocery and Baking and subsidiaries for period from Jan. 1 to Jan. 3, 1931, a net profit $1.15 a share on 1,813,486 common shares against $3.37 a share on 1.725,126 common shares in year ended Dec. 31. 1929. General Baking Company year ended Dec. 27 net profit $5,165,981 after depreciation, interest and federal taxes against $7,239,221 in preceding year. J. C. Penney Company 1930 net profit $2.88 a share on 2,466.908 common shares against $4.66 a share on 2.399.661 shares in 1929. Bieelow-Sanford Carpet Company 1930 net loss $608,701 after depreciation interest and inventory adjustments against net profit of $6.86 a common share in 1929. Other Livestock By Times Special LOUISVILLE, Feb. 16.—Hogs—Receipts, 1.200; market, steadv to 10c higher: 300 lbs. up, $6.95; 225 to 300 lbs. $7.30; 160 to 225 lbs., $8.10; 130 to 160 lbs., $7.70; 130 lbs. down, 17.'0; roughs, $5 62; stags, 54.60. Cattle—Receipts, 900; market steers, weak others steady; prime heavv steers, SS'a 8.50; heavy shipping steers. $6.50(57.50: medium and plain steers. $5 , u6.50: fat heifers, [email protected]; common to medium heifers, [email protected]; good to choice cows. $4 @5.50: medium to good cows. 53.505J4; cutters, SS^iS.SO; canners. [email protected]; bulls. $305; feeders. $6.2507: medium to good feeders. [email protected]; Stockers. s4® 6. Calves Receipts. 300: market, stadv; good to choice. [email protected]; medium. common to medium. $3.5054.50. Sheep—Receipts, 50: market, steady; ewe and wether lambs, $8.50; buck lambs. $7.50; seconds. $5.50 down; clipped sheep. s3@4. Saturday shipments: Cattle. 37; calves, 153; hogs none; sheep none. By United Press FT. WAYNE. Ind., Feb. 16.—Hogs—market. eteadv to 20c higher; 100-140 lbs.. $v.25: 140-160 lbs., $7.60: 160-180 lbs. $8; 180-200 lbs.. S7.RO: 200-210 lbs.. $7.75: 210220 lbs.. $7.60: 20-230 lbs., $7.40; 230-240 lbs.. $7.26:240-260 lbs . $7.10: 60-280 lbs.. $6.90: 280-300 lbs.. $6.60 : 300-350 lbs.. $6.40: roughs, $5.25; stags, $4; calves, $10.50; lambs, SS'aS.SS. SENATE - BILL Is”KILLED Measure Banning Alternate Bids on Public Works Fails to Pass. Senator Chester A. Perkins (Dem., St. Joseph) at last must give up hope for passage of his bill prohibiting contractors from offering alternate bids on public works. It failed of pasasge for the fourth and last time as special order of business in the senate today.
On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.
Following is the explanation of Ripley’s “Believe It or Not” which appeared in Saturday’s Times; Dolly Madison Invented Ice Cream—Dolly Madison, wife of President Madison, invented ice cream and served it for the first time at a dinner tendered by President Jefferson to the notables of his time, in 1801, with Mrs. Madison, wife of the secretary of state, acting as the official hostess of the White House at request of the President. Mrs. Anthony Merry, wife of the British minister, reported this dinner to a friend at home. In the letter, in which she wrote “with deep disgust” of the democratic demeanor of the American guests, ice cream is mentioned for the first time in history, and the credit for the invention reluctantly is given to Mrs. Madison. See Mrs. Hillhouse’s “Memories of Jefferson.” The Word “Boob” Comes From the “Booby Bird”—The nautical term “boob” was suggested by the name of the tropical “booby bird,” whose fearlessness at the approach of man was misinterpreted as stupidity by sailors. See “Nautical Terms” by Commander Lowry. Tuesday: “The Bridge 1,000 Feet Above the River.” $210,000 BOND ISSUES ARE UP City Council Expected to Pass Measures. Bond issues of-$200,000 for flood prevention and SIO,OOO for new police radio equipment are expected to be passed by city council tonight. The zoning commission will present ordinances redistricting Thirtieth street, between Shriver avenue and California street from residential to business, and extending Marlowe avenue east of its present terminus. A general ordinance to buy anew city ambulance is expected to be passed, while the tax regulation ordinance probably will not come up. An ordinance to regulate public eating houses is expected to be defeated, since its enforcement would demand an outlay of money, and its most important provisions now are covered by state law. RITES ARRANGED FOR MRS. MINNIE BRAUN Funeral of City Resident, 93, to Be Held at Home Tuesday. Last rites for Mrs. Minnie Braun, 93, of 217 East Wyoming street, who died Sunday, will be held at 2 Tuesday at the home. Burial will be in Crown Hill cemetery. Mrs. Braun, a naSrve of Germany, came to Indianapolis when 18. She was the widow of Albert Braun, who operated a grocery at Delaware and Wyoming streets until his death, forty years ago. Four of Mrs. Braun’s ten children survive her: Mrs. Pauline Maass, Mrs. Mary Jacoby and Mrs. Emma Hanney of Indianapolis and Mrs. Elizabeth Carlson of Chicago. Mrs. Braun was a member of the Zion Evangelical church and the Ladies’ Aid Society of the church. SUPREME COURT BILL RECALLED AND PASSED Opponents of Measure Silent as Senate Gives it Approval. Having previously failed to poll a majority for passage, the bill to give the supreme court complete Jurisdiction over all admissions to the bar was recalled in the senate today and passed by a vote of 33 to 7. The bill is backed by the Indiana State Bar Association and the Indiana crime commission. ' Opponents of the measure, who fought vigorously for its defeat before, were silent today and the bill was passed without argument.
EJ 1; Registered O. & D V Latent Office KIPLEY
New York Bank Stocks
(By Thomson & McKinnon) —Feb. 14Bid. Ask. America 63% 66% Bankers 117% 120% Brooklyn Trust 525 535 Central Hanover 255 260 Chase National 99% 102% Chatham Phoenix Natl ... 79 82 Chemical 49 51 City National 98% 101% Corn Exchange 124 128 Commercial 305 320 Continental 50% 53% Empire 58 61 First National 4,010 4.210 Guaranty 515 520 Irving 37% 39% Manhattan <st Cos 881= 91% Manufacturers 44 46 New York Trust 169 174 Public • 54% 57%
New York Curb Market
—Feb. 16— Am Com Pwr....16 |Mo Kan Pipe.... 6% Ark Gas A 6%iNational Sugar. .32% Brazil P & L... .25% l National 1nv.... 5% Can Marc 3%|Newmont Min . .52'/* Cities 5erv......19%,Nia Hud Pwr....11% Cord 9%!Noranda 17% Crocker & Wh.. 9'.2:Penroad 7% Durant Mot .... I%;Prince &t Whtly. 1% Elec Bond 5h...49% Sel Indus 4% Ford of Can....2s%|Shenandoah .... 5% Ford of Eng 18% Std of Ind 34% Fox Theater 5%, Std of Ky 23% Goldman's Sacha, 7% Stutz 36. Gulf Oil 69 i Trans Air Trans. 4% Hudson Bav 5%;Un Gas (new)...10% Humble Oil 65% Un Lt & Pwr 29 Ind Pipe 21 ! Ut In Ind 7% Int Pete 14% Ut Pwr 12 Midwest Ut 24%IWallgreen 31
Bank Clearings
INDIANAPOLIS STATEMENT —Feb. 16Clearings $3,247,000.00 Debits 5,100,000.00 CHICAGO STATEMENT —Feb. 16Clearings $70,600,000.00 Balances 5,100,000.00 TREASURY STATEMENT —Feb. 16Net balance for Feb. 13 ....$148,086,597.72 Expenditures 6,032,006.24 Customs rects. mo. to date 11,114,565.27
Investment Trust Shares
(By R. H. Gibson As Cos.) -Feb. 14PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amer Founder's Corp C0m.... 4% 4% Am & Gen Sec “A” 14 Am Inv Trust Shares 5% 6% Basic Industry Shares 6'/= 7% Corporate Trust Shares 6% 6% Cumulative Trust Shares 7% 8% Diversified Trustee Sh “A”.... 17% 18% First American Corp B'* 8% Fixed Trust Oil Shares 5% 6% Fixed Trust Shares "A” 15 Inv Trust NY 7% 8% Leaders of Industry Series “A” 8% . Nation Wide Securities 7 7% National Industry Shares .... 6% 7 N Am Trust Shares 6% 6% Sel Am Shares 5'% 5% Shawmut Bank Inv Trust .... 9% 11% Universal Trust Shares 6% 6% S W Strauss Inv Units 54 Super Curp of Am Tr Sli “A'’ 7% 7% Fundamental Trust Shares “A” 7% 7% Fundamental Trust Sh “8”.... 7% 8% U S Elec Light & Pwr “A”.... 31% 33%
Average Stock Prices
Average price of thirty industrials for Saturday was 180.41, off .58. Average of twenty rails was 109.19. off .64. Average of twenty utilities was 66.55, off .12. Average of forty bonds was 96.29, up .02. Chicago Stocks Opening (By James T. Hamill it Cos.) —Feb. 16— Assoc Tel Util.. 25 Insull 6’s 1940.. 92 Bendix Avia .. 22% Lynch Glass .. 17% Borg Warner .. 24% Lion Oil 6% Cent S West... 24% Majestic Hshold 4% Cord Corpn .. 8% Midland Un Cos 22% Con Chi Cor Cos 7% Midwest Com .. 24% Con Ch Cor pfd 33 Nat Sec Com .. 6% Chi Securities.. 21% Swift it Cos .... 39% Gen Thea Equl 14%: Swift Inti .... 35 Grigsby Gru .. 4% U S Ra & Tel.. 27% Houdi B 6 Util & Ind Com 7% Elec Hsehold .. 26 Util it Ind pfd 18% Insull Com 49'* Zenith Radio... 4% NEW YORK COFFEE RANGE —Feb. 14— High. Low Close, i March 5.55 5.40 5.55 May 5.62 5.55 5.62 September 5.48 5.47 5.48 RAW SUGAR PRICES —Feb. 14High. Low. Close. January 156 ... 1.56 March 1.21 1.20 1.20 May 1.30 ... 1.30 July 1-39 ... 1.39 September 1.46 ... 1.46 December ’..55 1.54 1.54
Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New Tork Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501
.FEB. 16, 1931
PROPOSE VOICE FOR PEOPLE IN RATE HEARINGS Idea Used as Ammunition in Fight on Utility Measure. *’A People’s Counsel” tn utility rate cases before the public servlc? commission and in the courts Is the bugaboo brought forth by Senator Earl Rowley (Rep., Laporte and Starke) in an effort to defeat the Moorhead bill in the senate. The bill, which would bring util_ty holding companies within ttm jurisdiction of the public service commisison, failed a constitutional majority by three votes Friday. Senator Robert L. Moorhead iPep., Marlon), author of the measure, expects to call the bill again for passage, he announced today Six senators were absent when the vote was taken. Purpose Is Outlined In the interim, Commissioner Frank Singleton of the public service commission, creator of the “people’s counsel” idea, has explained its purpose. Briefly, It is his contention tha? the unorganized rate payers seldom if ever, are represented in utility cases, while the utility corporation procure the “best brains that money can buy.” That the state should provide some representation for its people is Singleton’s suggestion, based on many j'ears’ service as commit sioner. “I believe that every public sen ice commission should include upon its official staff an attorney who might bear the designation of ‘pub lie defender,’,” Singleton explained today. Public Not Organized “The general public is not familiar with the law applicable to utility controversies—is not organized to engage in such proceeding and approaches a rate case with an attitude of mind rather than an array of facts. “Corporation counsels for various municipalities are usually engaged in general practice, and frequently have no special knowledge of publicutility law, participating in such a case once in five or ten years. “Corporation counsels are frequently supersensitive to popular sentiment which tends to make them take the public point of view without uncovering necessary facts underlying the merits of the case. They are often more loyal than useful to the people. “The public has discontinued, to a large extent, the practice of attending hearings in rate cases.” Plan Is Assailed But Senator Rowley would have none of this "People’s Counsel” business and on the floor of the senate bitterly assailed Singleton for proposing the plan. Each member of the general assembly had been supplied wilh a pamphlet reprint from the “Public Utilities Fortnightly” setting forth Singleton's idea. Singleton also was author of the commission order denying rate increases to the La Porte Telephone Company, which was represented before the commission by Senator Rowley, who is an attorney. Effort of Senator Moorhead to point out that the “People's Counsel” has nothing to do with his holding company bill proved unavailing and Rowley continues to try and scare his colleagues with this so-called menace.
Svmptpms oi a cola They are well defined. An achy sensation, sneez- Stop* \ ing; cold, chilly / pain! Acts \ feeling, head ! f on j c 1 ache. A serious! I uncomfortable ® SYS" J condition which tom J is soon relieved by the tonic and laxative effect of Grove's Laxative BROMO QUININE Tablets
MIAMI) FLORIDA Where You Will Find The Sunshine of Life True Hospitality HOTEL CASA LOMA (Next Door to Miami Biltmore) Notable for Its truly- good table ami quiet atmosphere of refinement. Adjacent to two swimming pools and three golf courses. Spacious ground* extendlng to the edge of the Blltmor>golf course. Only 15 Minutes From Race Track American Plan (Including all Meats) Single Rooms with Bath S 5 to 912 Double Rooms with Bath $lO to s2l Sitting Room. Bedroom and Bath $24 to 3ft MODIFIED AMERICAN PLAN Permits guests to be away for luncheon and receive allowance. Bus Service to Door . . Garage ROLAND G. EATON, Manager hotel m&rnmswm CASA LOMA in CORAL GABLES, MIAMI, FLA.. Adjoining the Biltmore Golf Course.
