Indianapolis Times, Volume 47, Number 221, Indianapolis, Marion County, 23 November 1935 — Page 11

Trends News Headlines Bring* Back Flavor of Old Times. NEW YORK. Nov. 23.—1n a trip through some of our Middle Western cities I was diverted by newspap°r headlines which brought hack the flavor of the good old da vs Almost side by side I read Bootleg liquor baffles police ’ took ticker 10 minutes behind " The truth is that once again we come face to

face with the problem of the bootlegger in spite of repeal. This is confined to no one section, but seems to have cropped up on an alarming scale everywhere. The explanation. of cour: is quite simple. Under prohibi-

John Flynn

tion the boo,Icggrr flourished bera ise there was no one eise to supply the liquor. Under repeal he flourishes because the legitimate liquor dealer can not compete with him In price. He can not compete with him in price because the legitimate dealer starts off with a handicap from which the bootlegger is free. To the veteran drinker of liquor a drink of rye which is 80 per cent pure alcohol and only 20 per rent whisky, and half of that only a year old. all sold over the counter at 25 cents or more a drink or at $3.75 a bottle, is so grotesque that he does not consider that the legitimate seller is in competition with the bootlegger at all in the matter of quality. a a a I None state T found that people were still buying rye from the same bootleggers they dealt with under the blessed reign of prohibition and were paying $2 a quart and. in some cases. $5 a gallon. How does this stuff differ from store liquor which is made of 20-minute-old alky and a little one-year-old rye and a dash of four-year-old bonded liquor? The reign of the bootlegger will not end until first we are rid of the tremendous tax, state, national and city, on liquor and the liquor trade and second, until we are rid of the tremendous profits which the liquor makers are exacting from the public for liquor which, in the old days, would not be permitted on the shelves of a waterfront 5-cent-a-shot grog shop. The inevitable result of this is to drive the trade to the bootlegger who pays no taxes and out of the legitimate saloon where there is no supervision. The whole thing resolves itself into one more demonstration of the well-known fact that high taxation in the fields of sales taxation tends to defeat itself and to encourage law-breaking. (Copvrisht. 1935. NEA Service. Inc.) OPERATIONS. INCOME OF BUS FIRMS AT PEAK Long Haul Companies Report Gross Business of SI 18,000,000. Timet Special NEW YORK, Nov. 23.—Operations and net income of long-haul inter-city bus companies during the first nine months this year established an all-time high, according to November issue of Bus Transportation released today. More than 16.000 busses covering a half-billion miles during the nine months' period did a gross business of $116,000,000, the report stated. This indicated that the traffic volume was exceptionally good in the third quarter. Net income in this quarter, despite increasing taxes and prices, was the highest in any quarter in the last five years. Passenger revenues per mile also are higher and were nearly 3 per cent ahead of those in the previous 'ear. with the third quarter showing 27.88 cents, compared to 26.95 in the 1934 quarter. City operations showed an increase of 52 per cent in net income per bus. BUILDING VOLUME GAINS State and Municipal Contracts Largest in Two Years. By Times Special NEW YORK. Nov. 23.—With state and municipal engineering contracts the largest in more than two years, the construction volume last week advanced to $51,646,000. according to the weekly report of the Engineering News-Record released today. Os the total amount $6,334,000 was for private work and $45,312,000 for public. Os the public total $4,829,000 was Federal and $40,483,000 state and municipal. Sewerage and highway awards were largely responsible lor the increase. On Commission Row (Rmiintcd From I.atp Times Yesterdav) Quotations bplow subject to change are joerage wholesale prices being offered to buyers by local commission dealers: Fruit—Cranberries, earlv blacks. 25-Ib. hex $4 Fears-Michigan Bartletts. bushel $2: Avocados. Florida, box. $2 50 Cantaloupe—California Honrv Dews $2. Casabas. $2 25, Persians. $2 25 Bananas ~ 1 hands, a pound. 54c. Persimmons—lndiana 12-qt case. sl. Apples—lndiana Jonathans, $1.25®1.35 Summer Rambos. $1: Delicious, $1.25f.T 1.50: Wealthvs. $l; Crimes Golden. $1 35 Lemons—Sunkist 380s. $8 50 Grapefruit—Texas, 64s to 70c. $3.75; Florida seedless. $3 25. Limes— Mexican a carton 12s. 20c, Persian seedless a hundred. $3. Vegetables —Beans, green, round stringless bu . $2 25. Beets—Home grown, dor., ;Jc. Cabbage—Northern Danish. 50-lb, bag, ■sc Carrots—Home grown. 35c; new bulk, half bu 60c Cauliflower—Michigan. rrate $1 50, Long Island, large crate. $1 50. Celery—Michigan, washed and trimmed, extra large. 45c: Jumbo, dor., 75c. Cucumbers- Southern bu $4 dor 85c. Kale—Home grown, bu.. 60e Lettuce—lceb?rß. California, best. $4 "5; home grown eaf. l.'-!b. basket. $1 Endive—Ohio basket, 60r. Mangoes—California •'rat”. *3 small basket, 40c Mint—Bunch. 15c Mustard—Home grown, bu . 60c. Onions —lndiana yellow 50-!b. bag, : Indiana v ’• bag. 22c western opanish. 50-,b. bag. $1.65. Parsley—Home grown, dor 35c. Peas—Telephone, hampers. $3 Potatoes—Round Cobblers. 100-lb bag $1 65: Michigan Round White 100-lb. bag $1 50 Earlv Ohios. bu.. $1 65, Idaho Russets, $2 30 Sweet no’atoes - Indiana Jersey*, bu . $1 65. Radishes—Ohio, button do* baskets. 45c Sage— Dor . 45c. Spinach—Broad leaf. bu.. 75c Squash - Bu $1 50 Tomatoes—California, repacked, 10-lb. carton. $1 25. Produce Markets (Reprinted From Late Times Yesterdari The prices auoted below are paid for stock ga-hered in the country while delivered in Indianapolis the price will be a cent higher Heavy breed hens 17c: Leghorn breed hen? 12c springers, over 4 4 lbs 17c; under 44 lbs., 16c; old cocks 9c' Leghorn springers. 14 lbs and up, 12c’ Turkevs—Young hens. 8 lbs and up 20c I toms IS to 18 lbs 20c. over 18 lbs 19c i old toms, 15c Ducks—White. 4’ .• lbs. and 11'; Reese. 10 lbs , full feathered and ***• ,'oc: old guineas, 15c; voung guineas i i ibs and up 25c. No 1 strictly- fresh eggs loss off 28c: pullet eggs 18c. Each full case must weigh 55 lbs gross, a deduction of 10c a pound under 55 lbs will bf made No. l butter 35 4®S64c; No. 2, Wad!ey 4 Co' t>UUerlat - 31c ' by the

♦ ♦ Abreast of The Times on Finance ♦ ♦

INSURANCE FIRM TAKES TITLE TO OFFICE BUILDING American States Signs Lease for 99 Years on Present Site. Ameriean States Insurance Cos., has purchased the building at North and Meridian-sts which has been its headquarters for the last 10 years and has closed a 99-year lease on the site. The transaction was announced today by Dudley R. Gallahue, president of the company which, organized only 10 years ago, now has assets of $1,500,000. about 75,000 policy holders and 1500 agents. For several years the company has occupied more than half the structure which has 25,000 square feet of floor space, is of red brick construction and three stories high. It has a Meridian-st frontage of 54 feet and is 150 deep on North-st. The firm handles all types of automobile insurance. It has a branch office in Denver and one in Philadelphia. Other officers are: Edward F. Gallahue, secretary-treasurer; Edward J. Bennett, Benjamin F. Claypool, Otto N. Frenzel. Fred T. Holiiriay, Walter J. Hubbard Jr., Gilbert J. Hurtv. Kurt F. Pantzer, Herbert J. Reade, John C. Ruckelshaus. William G. Sullivan and Oscar P. Welborn, directors. The Gallahues also are directors. CARLOADINGS SHOW INCREASE OVER 1934 American Association Reports Total of 628,330 Cars for Week. By United Press WASHINGTON, Nov. 23.—The American Association of Railroads today announced car loadings for the week ended Nov. 15 totaled 628,330, an increase of 43,296 over the 1934 week, but a decrease of 25.195 below the preceding week this year. It was the third consecutive weekly decrease. Miscellaneous freight loadings were 255.029 cars, a decrease of 9716 below the preceding week, but an increase of 35.816 above last year. Merchandise loadings were 159,172 cars, a decrease of 5339 below the preceding week, but 2220 above 1934. Coal loadings were 122,409 cars, a decrease of 2124 below the preceding week and 3995 below last year. Grain loadings were 29,133 cars, a decrease of 1459 below last week, but an increase of 1096 above 1934. Livestock loadings were 17.138 cars, a decrease of 1792 below the ! preceding week, and 6124 below the | same week in 1934. ASKS INVESTIGATION OF COMMODITY MARKETS Sugar, Coffee Exchanges Charged With Unfair Practices. By United- Press WASHINGTON, Nov. 23.—Request for an investigation of the New York Coffee and Sugar Exchanges was received today by the ! Federal Trade Commission. The request was in form of a letter from Carlos Garcia of the Garcia Sugars Corp. of New York, who accused the two exchanges of unfair trade practices. Commisison officials said that the request would be studied to ascertain whether there was sufficient evidence to warrant an investigation. Chicago Grain Futures (Reprinted From Late Times Yesterday) ißy United Press) Prev 1 Open High Low Close Close j WheatDec. .. .994 100’ < .98 1 2 .984 99' 4 May .. .994 .994 .984 984 984 July .. .92 1 2 .92 1 z .90 7 a .91 .914 Corn— Dec. .. ,60 s b .60 7 „ .59 4 .594 .604 May .. .60 5 s .60 3 4 .594 .59*8 .60' 4 July .. .61- 7 8 .61 1 2 .604 .604 .614 Oats— Dec. .. ,27's ,27 1 8 .264 .264 ,26 7 8 May .. .284 .28 3 4 .28 1 4 .28 7 4 28> 2 ; July .. ,28 7 a -29‘a .284 ,28 7 a a .28 7 s RyeDec. .. .50 1 2 .504 .494 .494 .504 May .. ,52 7 8 .524 .51 3 „ .514 ,52 3 s July .. .54 .54 .534 .53 3 8 a ,53 7 8 Barley— Dec 42b 42 Lard— Dec. .. 12.82 12 82 12 55 12 55 12 85 Jan .. 12 70 12.70 12 40 12 47 12 75 May . . 12.62 12.62 12,30 12.40 b 12.62 aAsk. bßid Dividends Declared Dividend rates are given in dollars and cents unless stated otherwise Company— Rate Per'd Pavable close Amer Factors 80 Dec 10 Nov 30 Amcr Pw & Lt 6G p 374 .. Jan. 2 Dec. 6 Amer Pw & Lt 5 r e n .31 1 4 Jan. 1 Dec. 6 Bohn Alum & Brass 75 Q Jan. 2 Dec 13 Clev El 111 .. .50 Q Dec 31 Dec 20 Dome Mines ... 50 Q Jan 20 Dec 31 Ferro Enamel .20 Q Dec. 20 Dec. 10 Gen Rv Sig .. 25 .. Jan. 2 Dec 10 i Hall Lamp . .10 .. Dec. 10 Dec. si Kansas G & E * 6 P - • , „ 150 Q Jan. 2 Dec. 16 ! Kansas G A- E ,C~ r . p . 175 *3 Jan- 2 Dec. 16 Mayflower Assoc .50 Q Dec 15 Nov. 30 Mock Judson Vo s. h J .15 .. Dec 12 Dec. 5 Nat Bond A- Shr 2) Dec 16 Nov 29 Phila $6 p .... 150 Q Jan. 2 Dec.' 2 P h sVo£la 7G 125 Q Jan 2 DeC ‘ 2 P So P f Okla 6G 175 Q DfC 31 ° eC 20 i &L Corp of 150 Q ° eC - 31 Dec 20 Texas Lorp } £f c c * Westmoreld Inc 30 Q Jan' 2 Dec 14 : Armour Cos of 111 • JJec ' 14 $6 cum p 150 Q Jan. 2 Dec 10 Armour Cos of 111 u * r c;.m p 150 .. Jan 2 Der in Armour Cos of Del uec ‘ 10 ? 175 Q Jan 2 Dec 10 {\V Une ,2? spc D?c 15 Canada Mltg 37*2 Q rw is Colt s F rms .31*, *Q Dec 31 Dec 'in Ea'on V/** ' s 2s SPC 31 Dec - in Car?h n ag M M:;;a A ,'g 2 ° £c. ; 5 Cart hag Mills B 60 Q jan 1 Dec op cSKKVs, ”si 1 °° ■“ r *-‘- a n- s £S K. & 1 IS; B. iB l Hoskins Mfg 25 ex Dec 26 Dec 11 ! Kelvinator Cp 124 q j an . 2 I>c' 4 Ke.wnat >r Corp 20 Jan 2 Dec s •Monroe Chm .37 J 2 Dec *>l Dec 4 17 75 5 Nov 30 50 c5!Sf Id C 37 S Q Jan 15 Der 20 ' 343 ' ° Jan ' 15 DPC ' 20 bHoGda U ,Ue- P ' 1 50 lnt Jan ' 1 12 h®SJSI b ' - 37 ' s Q Jan - 2 20 H n rs i? f L A 62 ‘" Jan. 2 Dec. 20 aPaid 25 cents on October last bPlaees stock on $l5O annual basis against $1 previously. LOCAL CASH MARKET City grain elevators are paying 90 cents for No 2 soft wneat. Other grades on their merits. Cash corn new No. 4 yellow 51 cents and oats 19 cents.

INDIANAPOLIS, SATURDAY, NOVEMBER 23, 1935

INDIANAPOLIS MEN ELECTED TO POSTS

Hr* * : v>. aKi

George T. Whelden

At a convention of the United States Building and Loan League recently in Cincinnati, Fermor S. Cannon, president of the Railroadmen's Building and Savings Association was elected as a member of the executive council of the league and as second vice president of the Society of Residential Appraisers. George T. Whelden. Indianapolis real estate man, was chosen as a member of the board of governors of the society. The league is the national organization of the building and loan business. The society which has just been newly formed will be chiefly devoted to the dissemination of facts and data. It has a membership of about SOO.

SHIPMENTS OF PRODUCE DROP Current Movement Placed at 2000 Cars Daily; Trade Active. Times Special WASHINGTON, Nov. 23.—Shipments of northern produce during the last week continued to decrease steadily and as a result the daily movement was placed at 2000 cars, which is about the usual rate for winter months, according to the weekly report of the Department of Agriculture released today. Grape shipments dropped onehalf during the week, while apples, pears and cabbage decreased sharply. Onions, carrots, turnips and sweet potatoes held a steady volume. New-crop vegetables from the South and Southwest, especially lettuce, celery, spinach and beans are becoming still more of a market feature. Oranges and grapefruit show the usual seasonal gains. Current produce shipments are approximately one-seventh less than they were a year ago, due to decrease in oranges, tomatoes, cabbage and celery. Chicago Trade Active Trading is reported active in Chicago and Kansas City, but slow in most Eastern cities and producing section". Midwestern markets also are slow. The price trend is irregular in most sections following sharp gains in potatoes and other vegetables. Onions have maintained a steady trading range, while cabbage, lettuce and sweet potatoes are firm. Apple prices are generally steady in the East and Middle West, but show some price gains in Southern and Northwestern producing sections, it was reported. Although still holding a greater part of the sharp gains registered during October and early this month, the potato market turned dull last week. Shipments are estimated at around 4000 cars weekly. about the same as a year ago. Wisconsin and Michigan report a slow demand. OFFER TO TERMINATE Times Special NEW YORK. Nov. 23.—The offer of American Machine and Metals, Inc., to holders of the 15-year convertible sinking fund 64 per cent gold debentures of the Troy Laundry Machine Cos.. Inc., to exchange their debentures for securities of the parent company will terminate at the close of business on Dec. 31, 1935, according to a statement issued today by P. G, Mumford, president. Local Livestock (Reprinted From Late Times Yesterday) HOGS Nov. Bulk. Top Receipts. 16. S9.6O'S; 9.80 $9.65 1500 18. 9 45 7? 9 65 9.65 7000 19. 9.60® 9.75 9.75 6000 20. 9 60® 9 75 9.75 5000 21. 9 75® 9.85 9.85 5000 22. 9.50® 9.75 9.80 6000 Light Lights ’ 140-160) Good and choice $9.25® 9.65 Medium 8.75® 9.50 Lightweights (160-180) Good and choice... 9.65® 9.80 Medium . .. 9,15® 9.65 1 180-200) Good and choice . 9.853 9.80 Medium 9.15® 9.65 Medium Weights. (200-220) Good and choice. . 9.60® 9.75 i220-250) Good and choice.. 9.55@ 9.75 Heavyweights (250-290) Good and choice. . 9.40® 9.65 .290-3501 Good and choice... 9.20@ 9.55 Parking Sows. (275-3501 Good 8.60® 9.00 (350-425) Good 8.45® 8.75 (425-450) Good 8.25® 8.60 '275-450) Medium B.oo® 8.50 Slaughter Pigs. (100-140) Good and choice .. 9 00® 9.50 Medium 8.25® 9.40 CATTLE —Receipts. 600 — (500-900) Choice $10.00®11.25 Good 8 50 310.50 Medium 6.50® 8 50 Common 4.50® 6.50 (900-1100) Choice 11.00®12.00 Good 8 75® 11.25 Medium 6.75® 8.75 Common 5.00® 6.75 (1100-1300) Choice 11.25® 12.50 Good 9.00®11.25 Medium 7.00® 9.00 (1300-1500) Choice 11.50® 12.50 Good 9.00 g 11.50 Heifers (500-750) Choice 59.-'0®10.25 Good 7.50® 9 00 Common ir.d medium. . . 4 25® 7.50 (750-900) Good and choice ... 8 00®10.5ii Common and medium 4.253 8.00 Cows Good 5 00® 6.00 Common and medium 4.00® 5 00 Low cutter and cutter 3.00® 4.00 Bulls, good ... 5 50® 6.00 Cutter, com. and med. bulls 4.00@ 5.50 ] YEALERS —Receipts. 500— Good and choice $lO 50®11.00 Medium 8 50® 10 56 Full and common 4.50® 8.50 Calves (250-500> Good and choice ... 7.00® 9.50 Common and medium 4.00® 7.00 Feeder and Storker Cattle >SOO-800' Good and choice 6.50® 825 Common and medium 4.25® 6 50 1800-1050) Good and choice .. 6 50® 850 Common and medium 4.25® 6.50 Cows Good 5 00® 6 50 Common and medium 4.00(2 5.00 SHEEP AND LAMBS —Receipts. 1000— Lambs. 90 lbs. down, good and choice $lO 25®11 00 Medium 8.50210.25 Ew es. '9O-125) Good and choice ... 4.00® 5.00 All weights, common and medium 3 50 ® 4 50 1 120-150.' Good and choice . 3.00 2 4.00

Fermor S. Cannon

Busigraphs

TREND OF ' FREIGHT CAR LOADINGS it UJ I2Q a ‘ DOTTED LINE IS THE PAST ? TEN YEARS AVERAGE OF and THE SAME MONTHS „ or \ 4 - | 80 I i £ ONDJ FMAMJJASO 1934 1935 THE PARKER CORR GENERAL DISTRIBUTORS incorporated investors

The October Federal Reserve 1 Board index of freight car load- | ings was the highest for any ) month since October, 1931—four years ago. With other classifications increasing, the decided drop in less-than-car lot shipments so far this year, compared with 1934, indicates a falling off in hand-to-j mouth buying. JOB INSURANCE WILL REPLACE FOND JAN, 1 $7,000,000 Unemployment System to Terminate. | By United Press SCHENECTADY, Nov. 23.—General Electric Co.'s $7,000,000 unemployment compensation system for employes will terminate at the end of this year, President Gerard Swope announced today. The Federal Social Security Act and state unemployment insurance system, effective Jan. 1, 1936, will replace the company’s unemployment safe-guard system. The company will contribute one per cent of its payrolls into the state and national jobless insurance “pools.” Swope said $1,750,000 in the comj pany’s "fund'’ would be disposed of. Workers vote next week to determine the method. “In addition, if the employes desire. the company is willing to join with the employes in additional contributions to the relief and loan plan, on an equal basis, details to be worked out later by the Boards of Administrators,” Swope said. BANK CLEARINGS SHOW ‘ INCREASE OF 21.7 P. C. Twenty-Two Leading Cities Report Total of 85,576,438,009. Times Special NEW YORK. Nov. 23.—Bank clearings reported by 22 leading cities in the United States during the last week amounted to $5,576,438.000, compared with 54.584.949.000 in the corresponding week a year j ago, an increase of 21.7 per cent, ! Dun & Bradstreet, Inc., announced today. In the preceding week the advance amounted to 23.1 per cent. Clearings in New York during the week showed an increase of 23.1 per cent. The increase was reported especially heavy at some of the outside centers. The total for the week was in excess of that for the preceding week by $835,363,000. while for the same two weeks a year ago, the increase amounted to $724,673,000. The total reported by the 22 leading cities was the largest for any week since October, 1931. RAILROAD GETS LOAN PWA Administrator Approves Funds For Illinois Central. By United Press WASHINGTON. Nov. 23.—An additional loan of $3,000,000 to the Illinois Central Railroad Cos. for airconditioning and equipment maintenance work was announced today by Public Works Administrator Harold L. Ickes. Ickes sai.l the money would be spent in Uirois Central shops at Chicago. Pcd- '~.h. Ky.; Centralia, 111.; Nonconnah, Tenn., and McComb. Miss. Unlisted Stocks 'Bv Blvth & Cos . t (Reprinted From Late Times Yesterday) NEW YORK BANK STOCKS Bid Ask. Bankers 66>2 68V, Central Hanover B & T 124 1 12S* 2 Chare 36' 38 s * Chemical National s^ l s 53 1 , Guaranty 309 311 Irving 16'-, 17 3 , Manufacturers 3o T 8 40*2 National City 33 34 ! 2 Cont 111 'Chicago' 9496'; First Natl of Boston 43’-, 45'* Natl Shawmut . 24' 8 26 s * FIRE INSURANCE Aetna Fire 56 58 3 , City of New York (new) 27 ! 2 29 \ Federal Ins SI 3 , Great American Ins 26 T 3 28 ; 2 Hanover Fire Ins 36 T S 38 s * Hartford Fire Ins 78 3 , 80 s , Home Insurance 36' 8 37 s , Ins Cos of N A 70 3 , 72 s National Fire 71 3 , 73 3 North River Insurance 27 : 2 29 1 2 Phoenix Insurance 89 3 4 91 3 , , U S Fire 53’-, 55 ! 2 1 Manchester Fire 35 1* 37

FUND TO HOLD DOLLAR VALUE TO BESOUGHT Official Circles Look for Stabilization Pool to Be Made Permanent. By Uni tea Press WASHINGTON, Nov. 23.—The possibility of the establishment of a permanent American exchange stabilization fund similar to the present secret 52.000.000.000 was Heard in official circles today. The present fund which has been dabbling in foreign exchange and money markets for nearly two years in guiding the value of American money expires Jan. 30, 1936. It can be extended another year by President Roosevelt, but in view of the extent of the American monetary policy it is believed likely that the Administration may ask Congress for authority to establish a permanent exchange stabilization fund. Stabilizing Tund Needed For many months it has been a foregone conclusion that the government would seek a continuation of its foreign exchange powers after Jan. 30, 1936. because of the continued unsettlement, the need for a stabilizing influence on the dollar and to protect the United States from foreign financial worries. Many foreign nations have been experimenting with considerable success in stabilization funds for many years and it was believed “government pools’’ of this character have become a permanent part of the intricate world monetary mechanism.

PROPERTY AIDS SHOWN BY FHA Appraisal Suggests Ways to Stop Depreciation, Says McDonald, Times Special WASHINGTON, Nov. 23.—Arrest of property depreciation has been one of the major results of the refinancing activities of the Federal Housing Administration, according to Stewart McDonald. Federal Housing Administrator. In majority of cases, he said, where home owners have sought relief from heavy short-term mortgages through refinancing under the Federal Housing Administration plan, underwriters and valuators have been able to suggest ways and means of checking serious depreciation, In many cases the expenditures of small sums of money has resulted in increased property value. This service, which might be considered only a byproduct of the main purpose of the Federal Housing Administration appraisal system, nevertheless has salvaged thousands of dollars for home owners by arresting depreciation of property before it becomes irreparable. Apart from this, refinancing the old-style mortgage invariably eases the financial pressure, results in ultimate amortization of the mortgage and thereby promotes security for the home owner, Administrator McDonald points out. Refinancing an existing mortgage calls for the same careful scrutiny and appraisal of the property Tiat the Federal Housing Administration applies to new construction. Because it embraces so many factors not ordinarily considered in real estate appraisal, valuators of the Housing Administration are trained to detect the first signs of deterioration and depreciation. It is not uncommon. Mr. McDonald said, to increase the value of a residence by as much as SSOO as tile result of the timely expenditure of comparatively little for repair. TO BUY POSTOFFICE SITE By United Press WASHINGTON. Nov. 23.—The Treasury is acquiring a site for the Evanston (111.) postoffice, it was announced today. The Treasury will pay $95,964 for the properties, which will be obtained by condemnation. Local Securities (Reprinted From Late Times Y’esterday) (Because quotations on local securities are unlisted on an Exchange, The Times can not assurae responsibility for the accuracy of these figures gathered from local brokers.) STOCKS Bid. Ask. Belt RR & Stk Yds com 50 52Vi Belt RR & Stk Yds 6G> pfd . . 52 Central Ind Pow 798 pfd 17 20 Home Tel&Tel Ft. Wn 77 pfd 50Va 52 Hook Drug Inc com 14 15lb Ind & Mich Elec 7G> pfd 99 102 Ind General Service 87 91 Ind Hydro Electric 53 57 Indpls Chain Sto Term pfd... 52 1 2 62‘,2 Indpls Gas Cos com 38 Indpls Pow &Lt 6 pfd 82 85 Indpls Pow & Lt 6',2'T- pfd . 87 90 Indpls Water 5G> nfd . 102 3 / North Ind Pub Svc s'q7c pfd . 67 70 North Ind Pub Svc 6G> pfd ... 76 80 Progress Laundrv com S l /* . Pub Svc of Ind 6% pfd 12 15 Pub Svc of Ind 7G> pfd . 32 35 So Ind Gas & Elec 6G- pfd.. 92 96 Terre Haute Elec 6% pfd 79 83 Union Title com 18 20 BONDS Atlanta Dlstr Term 698 '4l ... 62)2 70 Buffalo Dlstr Term 6% '4l . . 70 80 Brooklvn Postal Sta 5*2 9o '4B . 37Va 42 Home Tel&Tel FtW Home Tel&Te! FtW 6Co '43 . 103 106 I.idpis Railways Inc 5" '67 ... 49 53 Trdpls Water 4 1 * '7, '4O ... 105 107 Indpls W'ater 5% ’SO & '6O 105 107 Indpls Watc' s>2<> '53& 54 103’ 2 105 Interstate T & r '53 ... 93 96 Kokomo Water Works '53 ..104 lOo'.a Lafayette Telephone iG> '57 102 Morris 5 & 10 Stores 5% 'SO 99 102 Muncie Water Works 5% '65 102 Va Noblesville HL&P 6‘ 2 47 ... 96 98 Ohio Tel Service 6G- 47 95 Richmond Water W'orks 5G,'57 104 ! j 108 St. Louis Post Office 51 2 G> ’3B 13 25 Seymour Wtr Ist mtg 5G> '59 101 104 Terre Haute Water WkssG> ’SB 101 Va 103 : a Terre Haute Wat Wk". 6G> ’49 103 105 Traction Terminal 5G '57 . 70 74 Goodrich 12 7 s ll 7 s 12 12 Goodvear 22 3 a 21 : * 21 3 9 21 3 s U S Rubber . . 15 ; 2 14 ! a 14 3 2 14 : 2 U S Rubber pfd 41 3 ,39 3 39 3 a 40 Miscellaneous— Allis Chalmers 35'2 33 : *33 3 35 ! 2 Am Mach & Fdy 32 ! 8 31 31 32 1 2 Anchor Cap 15 3 a 15 ! i 15 3 * 15 Brklvn Man Tr . 42 s 2 42 42 42 3 * Burroughs Add. . 27 26 ! 2 27 27 J I Case 109 3 * 103 104 1 2 107 T y Conti Can 96 \ 94 95 96 '-2 Caterpillar Tract 59 7 8 58’-, 5E 3 * 59>2 Crown Cork .. 46 s * 44 ! 45 46 3 2 Curtis Pub 20 9 20 20 20> 2 Deere & Cos 57 S4 3 s 54 ! 2 56 s , Eastman Kodak 170 157 3 , 167’, 169 3 2 Foster Wheeler . 22 3 20 3 2 z 20 3 , 22 ! 2 Gillette 18’* 17 ! 2 18'-* 18 5 a Glidden 44 3 414* 42 3 , 44 ! 2 Ingersoll Rand 115-2 114 114 118 Int Bus Mach... 180 180 180 181 Inter Harv 641* 60 3 * 62 5 s 64 s *

PAGE 11

New York Stocks

(Bv Thomson & McKinnon) Reprintti From Late Times Ycsterdavt Prev High. Low. close, close. Oils— Amerada 74 1 2 71 ! a 73N 744 All Rfg 24 b 23 b 23 4 24‘^ Barnsdall 12 3 4 n> 2 12 12 5 s Consol Oil 9 3 4 9’i :) 3 8 9’ • Cont of Del .... 28’- 27' s 284 27 7 a Houston mewi.. 5 44 44 4 3 s Mid Cont Pet ... 17 16 16' 2 17 Ohio 0)1 114 114 114 114 Pet Corp ll 3 , 11 n :14 Phillips Pet ... 364 35 354 364 Plymouth Oil .. 114 114 114 -14 Pure Oil 13 4 124 124 134 Seaboard Oil ... 32 30 4 30 4 31 4 Shell Un 144 134 144 144 Skellev OH 164 16 16 164 Soc Vac 13 1 s 124 124 13 S O of Cal 37 s s 36' 2 364 374 S O of Ind 284 27 4 27 4 284 S O Os N J 494 484 49 494 Texas Corp .... 244 244 24 1 2 244 Tidewater Assn.. 124 114 11 7 a 124 Un Oil of Cal... 20 4 20 4 20' 4 204 Acme 73 71 71 73 S>ee!s— Am Roll Mills ... 32 29 4 304 314 Beth Steel 51 4 47 4 474 514 Bvers A M ... . 20 184 184 194 Col Fuel & Iron. 34 34 34 4 C'ruc Steel .... 284 274 274 28 Inland Steel .1064 106 106 1074 Ludlum Steel . . 24 4 23 4 23 4 244 McKeesport Tin. 128 128 128 1274 Mid Steel 234 23 23 244 Natl Steel ..... 82 4 794 794 82 Otis Steel 164 154 154 164 Rep Iron & Steel 20 4 19 19 4 20 4 U S Pipe & Fdy 214 20 4 20 4 21 4 U S Steel 50 4 46 4 4 8 50 U S Steel pfd .. .1184 1164 1164 1184 Warren Bros . 54 44 44 44 Youngstn S& T 354 33 34 354 Motors— Auburn 39 36 374 354 Chrysler 87 4 84 4 85 4 874 Gen Motors ... 584 564 57 584 C-raham Motors . 34 24 -3 3 Hudson 154 144 * 144 154 Hupp 24 24 24 24 Mack Truck .... 25 4 23 4 244 254 Nash 174 164 164 17 Packard 64 64 64 64 Reo 44 4 44 4 Studebaker 84 84 84 84 Yellow Truck.... 84 74 8 84 Motor Access— Bendix 22 204 21 2174 Bohn Alum 524 504 514 52 Borg Warner ... 63 4 60 60 4 63 Briggs 534 514 514 53 Budd Mfg 94 84 9 94 Budd Wheel ... 144 124 144 14 Eaton Mfg 28 4 27 4 274 28 4 Elec Auto Lite.. 36 33 34 4 354 Elec Stor Bat . . 55 4 55 4 55 4 55 4 Houdaille "B” .. 30 4 37 4 29 38 4 Mullins Mfg ... 154 154 154 154 Murray Body ... 214 19 4 20 204 Stew Warner ... 174 164 164 174 Timken Roll . . 71 69 4 69 4 70 Timken Det Axle 114 104 104 114 Mining— Alaska Jun 164 16 164 164 Am Metals 314 30 30 30'^ Am Smelt 634 604 614 63 Anaconda 25 4 23 4 2 4 25 4 Cal & Hecla . 54 54 54 54 Cerro De Pasco 60 4 58 58 4 60 Dome Mines ... 42 4 40 4 41 42 Granby 134 134 134 134 Gt Nor Ore 147% 144 144 144 Homestake Min .431 424 425 4244 Howe Sound 58 55 55 58 Ins Copper 74 64 64 74 lnt Nickel 394 374 384 38 4 Isl Creek Coal .. 27 26 26 264 Kennecott Cop .. 29 4 27 4 27 4 29 Mclntyre Mine.. 404 38U 394 40 Park Utah .... 6 4 4 4 4 3 4 5 Phelps Dodge ... 26 4 25 4 25 4 26 4 St Joe Lead 23 4 21 4 21 4 23 3 4 U S Smelters ...103 4 994 994 1014 Vanadium 214 1914 20 214 Amusements— Crosley Radio .. 174 164 164 174 Fox Theat 23 214 23 214 Loews Inc 55 52 4 53 4 53 4 Radio Corp 124 104 114 124 Paramount 94 9 94 94 RKO 54 5 5 54 Warner Bros .... 94 84 84 9 Tobaccos— Am Suma Tob ... 264 254 254 264 Am Tob •■A” ...1014 1014 1014 1024 Am Tob "B” 1054 104 104 1054 Gen Cigars 524 514 514 53 Lig & Myrs ‘ B -1 1154 114 114 1144 Lorillard . 26 25 4 254 26 Philip Morris . 644 624 624 64 Reyns Tob •'B”. 58 4 57 4 577 s 58 Rails— Atchison 544 504 514 53 At 1 Coast Lines. 294 28 284 29 4 B & O 164 154 16 164 Can Pacific ... 124 114 114 12 Ch & Ohio 524 50 4 50 4 514 Chi & Gt W . . 14 14 14 1 7 a Chi & Gt W pfd 34 3 4 3 4 3 4 C M & St P 14 14 14 14 C M & St P pfd 3 4 24 24 2 4 Chi N W 34 33 3 Chi N W pfd ... 8 74 74 74 Dela & Hud ... 384 354 36 374 Del Lac & W... 164 15 154 154 Erie 124 114 114 12 Erie pfd ... ... 164 15 15 16 Grt North pfd .. 32 4 30 4 314 32 4 111 Central 17 154 164 164 K C Sou 74 74 74 7' 4 Lehigh Valley .. 94 84 84 94 Lou & Nash 57 54 4 54 4 55 4 M K & T 54 54 54 s', MK & T pfd .. 124 124 124 124 Mo Pac . 2 14 14 14 Mo Pac pfd 34 34 34 34 N Y Cent 27 25 254 264 N Y New Haven. 44 4 4 4 N Y Ont & West 54 54 54 54 Norfolk & West 198 4 198 198 4 199 Nor Pacific 2.3 7 a 22 224 231* Penn R R 30 4 28 4 28 4 30 Reading 38 4 38 4 33 4 38 Sou Pac 23 21 4 214 22Y* Sou R R 114 114 114 114 Union Pac 105 101 4 101 4 103 4 Wabash 24 24 24 24 West Maryland . 84 84 84 84 Equipments— Am Brake Shoe. 41 4040 404 Am Car & Fdy.. 31 4 39 4 30 31 Am Loco ... 274 25 25 26 Am Steel Fdy ... 244 234 234 24 Bald Loco . 54 4 44 54 Gen Am Tk Car 45 4 44 444 454 Gen Elec 40 4 384 38 4 40 Gen R R Sig ... 394 39 39 39 Pullman Inc ... 38 4 37 4 37 4 38 4 West Air Br 344 324 33 334 Westingh Elec.... 96 4 91 4 93 964 Utilities— Am & For Pwr.. 74 74 7 4 74 Am Pwr & Lit.. 9 84 84 84 AT&T 154 152 153 1514 Am Wat Wks ... 214 204 204 214 Col Gas & Elec.. 154 13 J 8 144 144 Com & Sou 3 24 24 3 Consol Gas .. 344 324 33 334 Elec Pwr & Lit.. 64 54 54 64 lnt Hydro Elec . 4 34 34 34 Interboro R T .. 134 184 148 19 lnt T & T . 134 124 124 134 Lou G & E “A”. 22 214 214 214 Natl Pwr & Lit 104 104 104 194 North Amer 274 26 4 26 4 27 4 Pac G & E 29 4 28 4 28 4 294 Peoples Gas 404 39 39 404 Pub Serv N J. ... 464 444 444 454 So Cal Edison .. 264 26 264 257'* Std Gas 54 54 54 54 Stone & Webster 134 114 124 13 United Corp .... 7 3 4 64 7 74 Un Gas Imp 184 174 174 174 Ut Pwr & Lt “A" 34 34 3Vs 34 Western Union . 754 71 72 754 Rubbers— Firestone 164 164 164 164 Natl Cash Reg . 214 204 204 21 Owens Bottle .125 4 122 122 4 12 44 Rem Rand ... 174 164 164 174 Underwood E 81 80 80 814 Worthington Pm 23 4 22 4 23 24 4 Foods— Am Sugar 564 56 564 564 Armour .... 54 5 5 54 Armour 64 pfd. 67 65 4 65 4 66 4 Beatrice Cream. 194 184 184 194 Borden Prod .... 27 4 26 4 264 27 4 Cal Packing .. 364 36 36 36 Can Drv G Ale . 13 124 124 124 Coca Cola ...237 4 296 4 296 4 297 4 Cont Bak ‘'A' 1 ... 9 84 34 84 Corn Prod . .. 714 704 704 714 Crm of Wheat.. 37 4 37 4 37 4 374 Gen Baking 114 114 44 114 Ger. Foods 34 4 33 4 33 4 33 > a Go'-i Dust .... 204 19 s * 20 204 G W Sugar 34 4 32 4 32 4 34 4 Hershev OS's 76 76 77 lnt Salt 27 264 264 2<4 Loose Wiles 40 4 4040 404 Natl Biscuit ... 35 4 34 4 344 3o s Natl D Prod ... 194 184 194 194 Puritv Bak 144 144 144 144 S Porto Rico Sug 27 264 264 27 Std Bnds .. . 15 14a 144 14* 4 Un Bi”uit 244 24 244 24 United Fruit 70 69 4 69 4 704 Ward Bak "B'’. 2 14 14 14 Wrigley 79 774 754 790* Retail Stores— Assd Dry Goods 174 164 164 174 First Natl Stores 474 464 464 454 Gimbel Bros ... 74 64 64 7 Gr Un Tea . 34 34 34 34 Allied Dept Sts. 84 84 84 84 Jewel Tea 56 56 56 554 Kresge S S 274 27 4 27 4 274 Kroger Groc .... 26 4 26 4 26 4 264 Macv R H 55 53 53 54 4 McCrorv St 124 12 124 114 McLellan St . ... 134 124 134 134 Marshall Field . 134 13 13V* 134 Mav Dept St .... 564 55 55 564 Mont Ward 39 4 37 4 374 39 Natl Tea 10 94 94 94 Penney J C 814 81 81 83 Safeway St .. 33 4 33 4 33 4 33 4 Sears Roebuck .. 674 634 644 664 Woolworth 594 59 4 59 s * 594 Aviation— Aviation Corn . 34 34 34 34 Boeing Aircft . 134 13 134 13 s * Curtiss Wright 3 2"* 24 3 Curtiss Wrht 'A" 84 8 84 84 Douglas Air .. . 344 324 324 344 Nor Am Av ... 54 54 54 54 Soerrv Corp 12 s * 124 124 124 Un Aircraft new 214 204 204 21 Chemicals— Air Reduction .171 169 4 169 4 171 4 Allied Chem 1664 1644 1644 IM4 Am Com Alcohol 32 30 - 4 30 4 32 Col Carbon 97 4 95 4 904 ?84 Com Solvents . 224 204 204 22 Du Pont . . 1444 1414 1424 1444

Wa Pay High p st Cah Price* for Ladies’ and Gents’ Watches Lincoln Jewelry and Loan Cos. 201 W. Wash. St. Cos £ B J r cSJ!K° n

Detroit Area Shows Employment Gain Index of employment in the Detroit area as of Xov. 15 has reached 107.5 of the 1025-25 monthly average, it is announced by the Detroit Foard of Com merer , reflecting the advancement of production schedules.

Freeport Tex .. 30 4 23 29 3C 4 Liauid Carb .... 35 33, 34 „ 34 4 Math Alkali .33 4 324 33 : 334 Monsanto Chem 94 93 4 934 944 Natl Dis inewi 304 30 304 30 4 Seheniev Dist .. 53 4 504 504 52 4 Tex Gulf Sul .. 33 4 32 4 32 4 33 Union Carbide .. 744 714 72 77 U S Ind Alco ... 494 474 48 494 Drugs— Bristol Myers .. 414 41 414 41 Cotv Inc ....... 6- 4 6', s', 64 Lambert .... 24 4 23 4 23 4 2 Lehn & Fink ... 12 4 124 124 I'4 Sterling Prod 66 4 66', 60 , 66 . Un Drug inewi. 114 11 11 114 Vick Chem .... 41 41 41 42 Zonite Prod ... 64 54 54 6 Financial— Adams Exp 104 9 s * 94 104 Allegheny Corp 24 2 - 24 24 Am lnt Corp ... 114 104 10 1 - 114 Chesa Corp . ... 56 554 554 64 . Lehman Corp .. 95 944 944 944 Transamerica ... 134 124 124 134 Tr Conti Corp . 8 74 74 7 s * Building— Am Radiator . . 224 214 214 214 Gen Asphalt . . 224 194 204 224 Holland Furnace 244 234 234 234 lnt Cement .36 344 344 34 7 - Johns Manville 954 92 93 95 Libby Owens Gls 48 45-4 454 674 Otis ElyV 234 22 22 23 U S Gypsum ... 854 83 83 83 4 Ulen Cons 34 34 34 3 5 * Household Col Pal Peet ... 18 174 174 n 7 * Congoleum 45 4 44 4 44 4 45 Kelvinator 154 144 15 16 Mohawk Carpet . 214 204 21 214 Proc & Gamble 49 474 474 484 Servel Inc ... 144 134 14' 4 144 Simmons Bed .. 184 174 174 184 Textiles— , Amer Woolen... 104 94 94 104 Beldinc Hem ... 14 134 13'. 144 Celanese Corp . 294 28 4 28 4 29'Collins Aikman . 461. 434 44 454 Gotham Hose . 94 94 94 94 Indus Ravon . . 314 31 314 314 Real Silk 10 4 10 10 94 N. Y. Bonds (Reprinted From Late Times Yesterday) DAILY BOND INDEX 20 20 20 60 Inds Rails. Util Bonds. Today 91 3 80 4 103 0 91 6 Yesterday 91 4 80.5 103 1 91 7 Week ago 90 7 79.2 102 8 90.9 Month ago 89 7 78 3 101 3 89.8 1935 high 91.4 86 4 103 1 91 7 1935 low 83.6 71.0 89 3 83.0 (Copyright, ’35. by Standard Statistics). V. S. GOVERNMENT BONDS Treasurys Prev. Close Close 44s 1947-52 115.4 115 7 4s 1944-54 110 19 110 22 34s 1946-56 109.4 109.2 34s 1940-43 107.4 107.6 34s 1943-47 106.4 106.6 34s 1941-43 107 7 107 8 34s 1943-45 105.6 105 10 34s 1941 107.19 107.20 34s 1944-48 104 27 104 29 3 1 sS 1946-49 103 15 103.19 3' sS 1949-52 103.12 103 15 3s 1951-55 102.18 102 18 3s 1946-48 102 16 102.18 24s 1955-60 99 29 100 24s 1945-47 100.27 100.30 Home Owners Loan Corp. 24s 1948 99 16 99 17 3s 1952 100.21 100.23 Federal Farm Mortgage Corp. 34s 1964 102.19 192 20 3s 1949 100 28 101 3s 1942-47 101 13 101.11 24s 1949 100.4 100.2 DOMESTIC Prev. Close close. Alleg Corp 5s '44 834 85 Alleg Corp 5s 49 774 754 Alleg Corp 5s 'SO 454 46 Am Frgn Pow 5s 2030 68 68 Am Tel & Tel 54s '43 .1134 1134 Am Tel & Tel 5s '65 .113 113 Arm & Cos (Deli 54s ’43 944 944 Atl Coast Line 4s 52 ...... 964 954 All Coast Line 44s 64 83 834 Atch Top & SFe 44s '4B ... 107-4 1074 Am Wat. Wks 5s '44 11l 1124 Am Rolling Mills 5s 38 123 127 Balt & Ohio 5s '95 714 714 Balt & Ohio 6s '95 814 814 Balt & Ohio 44s '6O 57 574 Buff Roch & Pitt 44s '57 ... 64 64 Chi Milw & St P 5s '75 .. .. 124 13 4 Chi Milw & St P 5s 2000 54 54 Cleve Un Term 5s '73 93 4 99 4 Cleve Un Term 44s '77 914 914 Col Gas 5s May '52 994 984 Col Gas 5s April '52 99 1 954 Col Gas 5s '6l 924 924 Can Pac Pern 4s 85 844 Cent Pac 5s ’6O 854 854 Big Four 44s '77 744 744 Big Four 5s '63 . 83 83 Colorado & So 44s 'BO 5.3 534 Chi & West Ind 4s '52 98 4 98 s * Chi & Nor West 44s '49 114 104 Con Gas 5s '57 106 1054 Chesa Corn 5s '47 116 117 Del & Huds 4s '43 75 4 75 N Y Dock 4s ’sl 67 4 67 N Y Dock 5s ’3B 57 ~ 564 Erie 5s ’75 674 68 Erie 5s ’67 68 67 4 Gen Cable 54s '47 1004 1004 Grt Northern 7s '36 ..1024 1024 Grt North 44s '76 934 94 Grt North 44s '77 924 934 Gen Stl Cast WW 54s '49 : 83 844 Hud & Manhat Ref 5s '57-. 82 4 82 111 Cent 44s '66 55 544 111 Cent Jt 44s '63 574 584 111 Cent 5s '63 63 63' 4 Interlake C- & I 5s 'sl 85 86 Interntl Hy Elec 6s '44 474 484 Internt.l T & T 44s '39 .... 82 824 Interntl T & T 5s '55 74 744 Interntl TANARUS& T 44s '52 704 714 P Lorillard 79s '44 130 1.30 McK-ess & Rob s'-s 'SO 1024 1024 Natl Dairy 54s ’4B 104 1044 Natl Steel 5s ’56 1054 1054 Nickel Plate 44s ’7B . 65 * 654 Nickel Plate 54s '74 744 -76 Nickel Plate 6s '35 81 83 N. Y. Cent 5s 2013 . .. 76 77 N Y Cent 44s 2013 (old) . 104 714 Nor Amer Cos 5s '6l 103 4 103 4 Nor Pac 3s 2047 724 72 Nor Pac 44s 2047 884 884 Nor Pac 6s 2047 102 4 102 4 Nor States Pow 5s '4l 1064 1064 New Orleans Term 4s '53 80 794 Otis Steel 6s '4l 1014 1014 P*?nn R.v 44s 'B4 1044 1044 Penn Rv 44s 'Bl 1044 1044 Penn Rv 44s '7O 971, 974 Pac G & E 5s ’42 . 105 7 , 1064 Portland Gen El El 44s '6O . 72 s , 73', Para Public 54s 'SO 904 91 3 4 Penn P & L 44s 'Bl 195 3 4 in. 54 Postal T & Cab 5s '53 . 35 354 R“m Rand W W 54s '47 1044 1044 Shell Union Oil 5s '47 1034 1044 Sou Pac 44s '6B 744 75 Sou Pac 44s 'Bl 744 741, Sou Pac 44s '69 754 75 Sou Par 4s 19 79 4 79 4 Sou Rail 4s 56 474 4 8 Sou Rail 6s '56 614 61 Sou Rail 54 s '56 ... 634 644 Sharon Stl Hoon 54s ’4B 107 3 4 107 3 4 Texas Pac 5s 80 914 93 Texas Pac 5s '79 914 914 Texas Pac 5s ’77 914 924 Union Pac 4s '47 Ill's 1114 United Drug 5s '53 95 954 U S Rubber 5s ’47 lnn'i 1004 NY NH & Hart 6s ’4B 27' 4 27 NY NH & Hart 44s ’67 27 26 Warner Bros 6s '39 88 884 Western Mary 54? '77 105 ]o*4 Western Marv 4s '52 954 954 Ynungstown S & T 5s '7O . . 10V4 1014 Youngstown S & T 5s '7B .. 100 3 4 101 FOREIGN Argentina )A) 6s '57 984 984 Argentine >Bi 6s 'SB 984 98 Brazil 8s '4l 294 29 3 4 Canadian Govt 4s ’6O 1064 1064 Denmark 54s '55 100 4 100 4 German 54s 05 314 304 German "s ’49 .384 .384 la!v 7s 'sl 584 584 Janan 64s '54 984 98 Poland 7s '47 1024 103', Rome 64s '52 . . 48 4 514 Tokio City 54s '6l 814 814 BEET CONTRACT EXTENDED By United Press WASHINGTON. Nov. 23.—The AAA today announced extension of the 1935 sugar beet production adjustment contract to include the 1936 crop year.

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GRAIN, TOBACCO GROWERS SENT QUESTIONNAIRE Trade Commission Starts Investigation of Food Costs. By 1 nir* >i Pr WASHINGTON. Nov. 23.—More than 250 voluminous Feder** Trade Commisison questionnaires were in the hands of large wheat and tobacco growers and processors today as the commission quietly went forward with its investigation of food costs. More questionnaires will be dispatched shortlv, commission said, to persons dealing in other food products. The investigation, authorized by the Wheeler resolution enacted during the last Congress. contemplates a thorough inquiry into all eost factors in tha production of foods, especially meats, vegetables and dairy products. Commission officials noted that price indices compiled by the Department of Labor revealed a drop of two-tenths of 1 per rent for the last week, largely caused by a 3.5 per cent drop in meat prices. They indicated they would scrutinize carefully causes for the decline, to see if it possibly could have any bearing on their investigation. Hampered by Lack of Money Hampered considerably because a $75,000 appropriation with which the inquiry was to be conducted was held up by the late Senator Huey Long's successful filibuster against the third deficiency bill in the closing days of the last Congress, the commission nevertheless is attempting to gather sufficient background material from the questionnaires so that investigators will have little difficulty when the money once is appropriated and men get in the field. The questionnaires cover all factors entering into eventual costs to the consumer. Capital structures, officials’ salaries, pay rolls, prices to growers, rents, sales costs, and everything else that could possibly be counted in final computation of wholesale and retail prices, are covered. Officials said meat processors and large packers of farm products would receive their questionnaires within the next few weeks. Will Report to Congress Replies are not expected to begin trickling back to the commission's headquarters until after the first of the year. Several months will elapse before a final report is prepared for submission to Congress, is compliance with mandate of the congressional resolution. But it was indicated that preliminary reports may be submitted from time to time, particularly if it develops that legislation is necessary to control any particular branch of the gigantic tooa handling industry. GROCERS ATTEMPT TO ENTER PACKING CASE Request to Act as Intervenor Under Advisement. By Unit< and Press WASHINGTON. Nov. 23.—The United States Wholesale Grocers Association, formed when the NR A was in force, attempted today to enter the government’s H-year-old anti-trust case against the “big five” meat packers as an intervenor. District Supreme Court Justice Jennings Bailey took their request under advisement. Frank J. Hogan, packers counsel, attacked a letter from Gen. Hugh S. Johnson which the Association showed to prove it was a recognized group of wholesalers. “By the void act of an unconstitutional authority, they now seek to be recognized by the court,” he declared. Two large grocers organizations, representing major chain stores, have been in the case as intervenors for several years. Under a consent decree of the United States Supreme Court, the packers were restrained from engaging in activity not directly connjcted with meat packers.

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