Indianapolis Times, Volume 47, Number 247, Indianapolis, Marion County, 24 December 1935 — Page 11

Trends Townsend Pension Plan Explained in Full. BY JOHN T. FLYNN

YORK, Dec. 24. The Townsend old-age pension plan is a measure to pay to all persons on arriving at the age of 60 a monthly pension of S2OO. This will be payable to all, whether married or not Thus a man and wife, both over 60, will receive S2OO each —s4oo for the couple or almost SIOO a week.

This pension, however, will be paid only on the fulfillment of certain conditions: 1. The person rece ivi n g it must withdraw from all employment. 2 He or she must spend the entire S2OO within 30 days of its receipt and within the limits of the United States. 3. The pen-

Flynn

sion will not be payable to persons with net incomes exceeding $2400 a year. 4 It will not be payable to any one who has been found guilty of a crime. man According to the last census there were 10.385.000 persons 60 years of age and over. Critics of the scheme declare this would therefore cost the nation roughly $25,000,000,000 a year. The Townsendit.es insist that when the criminal element, the persons with incomes over $2,400 a year and those unwilling to retire are eliminated, the pensions will be payable to not more than 8.000.000 persons. The cost, thereiore, will be about $19,000,000,000. Even this, of course, is a vast sum. Where is the money to come from? It is to be collected from a transactions tax, that is, a tax of about, 2 per cent on every transaction in business. Buy a pound of butter and you will pay the tax. Buy a house and you will pay the tax. Buy bonds or stocks and the tax will be due. The tax will be paid on every operation involving a business transaction—the buying of wheat, paying of freight or passenger fares, telephone calls, power and light bills, movie seats, etc. a tt it INHERITANCE and income taxes should be increased, but the Townsendites plainly look for their pension money from this transactions tax. Buyers would pay the tax to sellers, sellers would account for it to the government. Dr. Townsend suggests that payment of the pension could be simplified and thus avoid a huge bureaucracy. The Federal government would give each state monthly S2OO for each old person in the state. The states would send checks to each county where local agencies would disburse them. How would beneficiaries be compelled to spend their $200? This detail is not fully worked out. However. it is more than a detail; it is in fact an essential economic element in the plan. Dr. Townsend has suggested the following device : tt tt tt AS soon as a person is admitted to a pension an account will be opened for him in a local bank designated by the government. No cash will be paid the pensioner, but S2OO will be deposited in the bank. He can draw no cash, but must make al' payments by check. At the end of the month this checking account must be exhausted or the next S2OO will not be paid. Attempts to evade this regulation would be punishable by loss of the pension. This is a full statement of the plan which has excited the hopes of 10.000.000 old people. The Townsendites say it w'ould produce economic abundance. Its critics say it would bankrupt the nation. What is the truth? Later we will examine both claims. tCopvright. 1935. NF.A Sorvitv. Inc.). APPROVE DISTRIBUTIONS National Bondholders Corp. to Ta.v $600,000 in Dividends. Timer Special NEW YORK, Dec. 24. Directors of the National Bondholders Corp.. have approved distribution aggregating approximately $600,000 on 28 different series of its participation certificates, C. E. O'Neil, president, announced today. The distributions are payable to approximately 4400 stockholders of record Jan. 2, 1936. Previous distributions aggregating about $4,000.000 make to certificate holders approximately $4,600,000 to date. Produce Markets The prices quoted are paid for stock fathered in the country, while delivered n Indianapolis the price is a rent higher Heavy breed hens. 16c; Leghorn breed hens. 12c; springers over 4'? lbs. 17c; under 4% lbs. 16c; springers 1% lbs. and up. 12t. old cocks. 9c. Turkevs—Young hens, 8 lbs. and up. 20c; voung toms. 14 to 18 ibs . 20c; under 14 lbs and over 18 lbs 10c, old hens. 20c; old toms. ISc Ducks—White, 5 lbs and over, 12c; under 5 lbs. 10c; geese, full feathered and fat. 9 to 14 lbs., 11c; over 14 lbs . 9c; old guineas, lot; young guineas, 1% lbs and up. 2Sc: No. 1 strictly fresh eggs, loss off 2ac; pullet eggs. lftc. Each full case must weigh 55 lbs gross, a deduction of 10c a pound under 55 lbs will be made No 1 butter. S7%@3Bc; No 2,345135 c; butterfat. 34c. Quoted by the Wttdlev Cos. 'By United Pressi CHICAGO Dec. 24 Eggs Market unsettled; receipts, 5059 cases; fresh graded firsts 37r; extra firsts. 28c. current receipts. 22%c ; dirties. 20c; checkh. 17c. Butter—Market, easv: receipts. 7973 tubs extra firsts (90-91% score'. 32',c: extras 192 score i. 32',c firsts .88-89'.. score' 31%®32%C; seconds .86-87'- score' 30c specials, 33',® 33 5 ,c. standards. 32',c Poultry—Market, firm: receipts. 19 truck ducks, 21 IT 23c; geese. 17® 19c; spring chickena, 23®25e: hens 165,22 c turkevs 224i 26c: Leghorn hens. 13 .; 16c: old roosters 15c; Lechorn chickens. 18® 19c. Cheese —Twins. 17 s ,si 18c: Daisies. 18>,®18%c: Longhorn*. 18' 2 ® 18%c. Dressed poultry -Turkevs. voung toms. 28® 29c: voung hens. 30c: ducks, 225.23 c: geese. 195.20 c Potatoes-Supply moderate: demand light market, steady Idaho Russet Burbanks 81.755 T 185. Wisconsin Round Whites' Cl.loftT.ls: commercials, si Michigan Green Mountains. $1.35. Minnesota and North Dakota Cobblers, $1 155( 1,25 Bliss Triumphs. *1 35. Minnesota Cobblers. *lO5 Colorado McClures. $1 355. 155 Arrivals 35. on track 187, shipments 380. Money and Exchange INDIANAPOLIS STATEMENT Claeringa $2,551,000 Debits 5 908.000 TREASURY STATEMENT WASHINGTON Dec. 24—Government expenses and receipts for the current fiscal year to Dec. 21. as compared with a vear ago This Year. Last Year Expenses *3.639 178 607 47 *3 446 143 382 74 Receipt* 1.852 180 371 91 1 806.358 532 41 Deficit 1.786.998 235.56 1 639.784 850 30 Cash bal.. 2,293.116 801 78 2.617.428.025 51

♦ ♦ Abreast of The Times on Finance ♦ ♦

GRANTS CUT BY PROMINENT U. S. CHARITY GROUPS Donations Reduced by Half in Depression Years, Report Reveals. i „ , j By i tiited f’reqr NEW YORK, Dec. 24—An annual survey of the finances of 123 American foundations, privately endowed for the public good, revealed I today that they had cut their donations in half during the depression years 1930 to 1934. The report, published by the Twentieth Century Fund, showed | that the cut was made because of a decline in income of their holdI mgs aggregating $700,000,000. The I assets of the foundations have been j left unimpaired because of these ! reductions in expenditures, which 1 last year were decreased to $34,000,000. Science Grants Cut Most The most drastic curtailments in j grants by the foundations, which inI elude the various Carnegie and | Rockefeller organizations, were in | the physical sciences, which deI creased 77 per cent; medicine and public health, 70 per cent, and child welfare, 39 per cent. During 1934 the field of education i received 26.9 per cent of all riona- ! lions, while medicine and public health was a close second with 36.8 j per cent. Other fields of interest, ! with the percentage of the total they absorbed, were social welfare, 14 per J cent; social sciences, 9 per cent; j physical and biological sciences, 5 | per cent; economics, 3 per cent, and international relations, 3 per cent. The report devoted special attention to the 20 largest foundations which in 1934, had 89 per cent of the known assets of all those reporting. Rockefeller Leads in Gifts The Carnegie Corp. was first with assets of more than $157,000,000. but ranked only third in the amount of its grants. The Rockefeller Foundation was first in grants, with total disbursements to outside agencies of more than $11,800,000, but ranked second in assets with more than $153,000,000. The report revealed two large additions to assets. Those of the New York Foundation were 97 per cent higher.

PASSENGER TRAFFIC LARGEST SINCE 1929 Pennsy Handles 200 Extra Trains for Holiday. Timer Special CHICAGO, Dec. 24.—The heaviest passenger traffic for any Yuletide holiday period since 1929, is anticipated by Vice President H. E. Newcomet of the Pennsylvania Railroad. Nearly 200 extra passenger trains have been handled by the Pennsylvania during the week-end period ended today in the Western Region territory, where company lines directly serve states of Illinois, Indiana, Michigan, Ohio, Kentucky and Missouri. Passenger traffic has increased nearly 40 per cent over the Christmas holiday period of 1934. Aproximately 2000 extra Pullman cars and more than 800 extra coaches have been required for the Chrismas-New Year's holiday period. Travel is heavy on all trains in the Chicago-New York service. In the St. Louis-New York service, the American and the Spirit of St. Louis are running in more than one section daily, while heavy travel on the Cincinnati Limited and other Pennsylvania Railroad trains between Cincinnati and New York and the East also is noted. NORTH SIDE REALTORS ELECT NEW OFFICERS Howard Fieber Named Chairman of Local Association. A decided upturn in the local real estate market is evidenced by the of five city dwellings, a twoacre suburban home with filling station, two lots and contracts for the building of two houses during the last week. This report was made at a meeting of North Side Realtors yesterday at the Architects and Builders Building. The realtors were guests of William Lowe Rice, retiring chairman. New officers elected yesterday are Howard W. Fieber. chairman: Ralph E. Peckham, vice chairman, and John W. Robbins, secretary. They are to assume their offices Jan. 6. Local Securities (Brraux* quotation* on local securities are unlisted on an Exchange, The Times ran not assume resoonsibilily for the accuracy of these flgurea gathered from local broker*.) STOCKS Bid. Ask. ‘Belt RR dfe Stk Yds com 50 53 •Belt RR & Stk Yds 6L. pfd 53 Central Ind Pow 7% pfd .16 19 Home Tel&Tel Ft. Wn 7% Pfd 50% 51 •Hook Drug Inc com 14% •Ind & Mich Elec 7% pfd. .. 99 102 •Ind General Service 95 100 Ind Hvdro Electric 53 57 Indpls Chain Sto Term pfd... 52% 60 •Inapis Gas Cos com 36 40 •Indpls Pow A; Lt 6 pfd 82 85 •Indpls Pow & Lt &%% pfd 87% 90% •Indpls Water 5% old 102 Lincoln Nat Life Inc. Cos . 34 37 North Ind Pub Svc 5%% pfd 68 71 North Ind Pub Svc 6% pfd . 76 80 Progress Laundry com .. 7 9 Puh Svc of Ind 6<", pfa ..11% 14 Pub Service of Ind 7% pfd. . 30 S3 •So Ind Gas <fc Elec 6% pfd . 92% 96% Terre Haute Elec 6% pfd ... 80 84 Union Title com 18 21 BONDS Atlanta Dtstr Term f. ’4l ... 62% 70 Buffalo Distr Term 6% ’4l .. 70 75 Brooklvn Postal Sta 5*2% ’4B . 37% 42 Home Tel&Tel FtW 5*2% ’35 .103 105 Home Tel&Tel FtW 6% *43 103 106 Indpls Railways Inc 5% ’67 .. 50% 53 Indpls Water 4%% '4O 105 107 Indpls Water 5% ’SO & ’6O . 105 107 Indpls Water 5%% ’53&'54 103% 105 Interstate T <fe T 5%% '53 ... 93 96 Kokomo Water Works ’SB ...104 105% Lafavette Telephone 5% ’57 .102 Morris 5 * 10 Stores 5% 'SO 99 103 Muncte Water Works 5% ’65 .102% Noblesville HL&-P 6% ’47 .. .. 97 100 Ohio Tel Service 6% 47 . ... 95 Richmond Water Works 5%'57 1 04% 106 St. Louts Post Office s%*'# '3B 18 2$ Seymour Wtr Ist mtg 5% ’59 101 *O4 Terre Haute Water Wkss% ’56 101% 103% Terre Haute Wat Wks 6% ’4# 103 105 Traction Termiaai 5% '57 .... 66 73 •Ex. dir.

INDIANAPOLIS, TUESDAY, DECEMBER 24, 1935

w I ©RCOVPAN/CS STATISTICS INC. Prcnt STEEL 12o j 1 1 1 1 1 1 J 1 1 1 1 —T ] 1 1 1 1 1 j 1 1 \ 2D 1 111100 100 111 /i" fOO=JNO>M<L | | j 100 O* 1 Ii 1 .. _ _ I • • iSteel Ingot Production 80 J —f j ®° .-W Istjcel dkktamd * I / • (Av J I % • \ “ 1 INPICX I j ' 1 j V ao 1 1 —y’Xjy X.-G 40 ?o 1 j— ) 1 20 I I J I I- - ! 1 I 1 1 I— i —l L 1 o

Steel ingot production continued to increase during November. Standard Statistics’ adjusted index rose sharply to 80.1 per cent of normal from 73.8 per cent in October. There also was a moderate gain in steel demand, which rose to 75.1 per cent in November from 71.3 per cent in October. From these figures it appears that the steel industry has overproduced to some extent, the overproduction being due perhaps to the anticipation of price rises which did not materialize.

New York Stock Exchange Prices

(By Thomson & McKinnon! 10:30 a.m. Prev. Oils— High. Low. N. Y. close. Amerada 78' 2 78 78% 78 Atl Rfg 27% 26% 26% 27% Barnsdall 14% 14'4 14% 14 s * Consol Oil 11% 11 11 11 Vs Corn of Del 33 3 a 33 % 33 % 33 Houston (newt.. 6% 6 3 /* 6% 6'* Mid Cont Pet .. 19 18% 18% 18% Ohio Oil 13 >4 13'/a 13% 13 s * Pet Corp 12% 12‘/a 12Va 12 a Phillips Pet 38 38 38 38'/, Plymo'iui Oil .. 12% 12% 12% 12 Pure Oil 16 IS 3 , 16 15% Shell Un 15 s * 15 s /s 15% 151, Skellev Oil 19% 19% 19% 19 s , Soc Vac 13% 13% 13% 13% S O of Cal 37', 2 37% 37% 3J% S O of Ind 30% 30% 30% 30', 2 S O Os N J 49 49 49 48% Texas Corp 28% 28% 28% 28% Tidewater Assn.. 14% 14% 14% 14% Steels— Am Roll Mills.. 30 29% 30 30 % Beth Steel 49% 48% 48% 48% Byers AM 18 17% 18 18% Inland Steel ....102 102 102 102 Ludlum Steel .. 24% 24% 24% 24 '2 Natl Steel 73% 73% 73% 73 Otis Steel 15% 15% 15% 15% Rep Iron & St! . 17% 17% 17% 17% U S Pipe & Fdy 20% 20% 20% 20% U S Steel 45% 45% 45% 45% Warren Bros. 4'. 4 4'a 4% 4% Youngst'n S& T 40% 40% 40% 40% Motors— Auburn 37% 37 37% 36% Chrysler 93% 92% 93% 90% Gen Motors 56% 56 56% 53% Graham Mot ... 32% 32% Hudson 16% 16% 16% 16% Hupp 2% 2% 2% 2% Mack Truck .... 27% 28% 27% 27% Nash 17% 17% 17% 17% Packard 6% 6% 6% 6% Reo 5 5 5 5 Studebaker . ... 9% 9% 9% 10 Yellow Truck ... 7% 7% 7% 7', 2 Motor Access— Bendix 23 23 23 22% Bohn Alum 51 51 51 51% Borg Warner 63% 63 63% 63% Briggs 52% 52% 52% 53 Budd Mfg 87, 8’, a 8% 8% Budd Wheel 12% 12', 2 12% 12% Eaton Mfg ... 28'a 27% 28 27% Elec Auto Lite .. 37 '4 36% 37% 37% Elec Stor Bat .. 55 55 55 55 '2 Houdaille B’.. 29% 29% 29% 29% Mullins Mfg .... 14% 147, 14% 14% Murray Body .... 19% 19% 19% 19% Stew Warner 17% 17% 17% 17% Timken Roll .... 64% 64 % 64% 64% Timken Det Axle 72% 12 12 12 Mining— Alaska Jun 14'4 14% 14'/, 1414 Am Metals 29% 29% 29% 29% A mSmelt 58% 58% 58% 58 Anaconda 28% 28% 28% 28% Cal & Hecla .6 6 6 6 Cerro De Pasco. 52% 52% 52'4 52 Grt Nor Ore ... 15 14% 15 14 7 /. Gt Nor Ore .. 15 14% 15 147, Howe Sound .... 53 5274 52% 54 J n * £?PP® r 0% 8% 6% 6% Int Nickel 447, 44 44 44% Kennecott Cop . 28% 28% 28% 28% Mclntyre Mine.. 40% 40% 40% 40% Park Utah 4% 4% 4% 41/' Phelps Dodge ... 25% 25% 25% 25 3 4 f 1 Joe Lead ... 22% 22% 22% 22% U S Smelters ... 97 97 97 97 Amusements— Loews Inc 52% 52% 52% 51% Radio Corp 12% 12 12% 12% Paramount 9% 9% 9% 9% GrKO S Va *4 tIL ei Warner Bros ... 9% 974 9% 9% Tobaccos— Am Sum Tob ... 24 24 24 223 Am Tob "A".... 94%. 94% 94V if 8 B .... 96V2 96 j 2 96’ 2 96 Sr en ' ' '^ 3/4 56 3 '4 56-t 4 553^ Loril*rd yerSß . 1 24 % 10 2 $ Phillip Morris . 62% 62 62% 6?'“ Reynolds Tob B 5474 54% 54% 55 2 Rails—ill: 8S 8* Ift \& 1 ;■ I “| $ CM& St P 1% 111 ?,/* ?■" eht'/w 1 p pfd 2 '4 2*4 2% oeiaVLd 3 i% • 3 1%? 4% &*•• * w •• i!8 itv : : if if 1 $ * % V^n i" gW.::::: SI; gi; g§ lou r r g l * ?* wbMh Pac .::::; 10 2% 10 k 10 Y 4 Equipments—aS Fdy :: iS% fl 2 Sfid'tt Fdy .:: 2 $ T | 8 Gen Am Tk Car 47% 47% 471 4 47.1 4 Gen Elec 3fi 3 4 , 4 il 3 * Pullman Inc ... 3 7% 371? 773'' 25, 4 West Air Br ... 34% 33 t 4 22?* 35% Westingh Elec 94% 93% g 4 , 8 3 ? Utilities— 4 Am A- For Pwr 6% fit-, • !,/ Am Power & Lit 8 7% -V 2 5 2 ‘a T -.“S T .152% 152 152% 163 Am Wat Wks . 20 3 * 20 3 8 20 3 R 20 3 * Col Gas A- Elec 12% 12% 12% 131 4 Comm A- Sou... 2% 2% 2% 93 s Consol Gas . 3 0% 3 p3 8 sn.v ,2i 8 Elec Pwr A: Lit. 5% 5% 5% 3 2j ! int Hvdro Elec . 3 3, 3," ®% Int TA: T .l 3 ,2% .n, 4 2 7 8 Nat Pwr A: Lit . 9 S 4 g3 4 1 9 a? 1 H 3 ? North Amer .... 25% 25' 2 26> 4 ill* Pac GAr E 3 0% 3 n. 2 25? ”% Pub Serv NJ . .43 42% 42 7 2 ' So Ca! Edison 23 s 4 23% 23% 94 Stone & Webster 13% 13% i 3 ( 4 ? 3 i, United Corp . ... 6% 6% 6% fi's Un Gas Imp 17 17 17 2 Ut Pwr A- Lt, ‘A’ 2% 2% 2% 2, Western Union 74’, 74% 74% 741" Rubbers— Goodrich 11% IP* u% 113; Goodyear 20* * 2020* oA 3 U S Rubber .... 14 3 4 14% fJLj Miscellaneous— Allis Chalmers 36 3 5% 33 7, 7=3 \m Can 124% 124 134% 1243. Am Mach Fdy 26-* 28‘ r 28 7 28 3 . Anchor Cap 14 7 8 h 7 B i 4 i a s Brklvn Man Tr 42 42 42 42 Burroughs Add 25% 24% 25 25% '1 1 Case 96% 98% 98% 98 Conti Can 82 82 83 83' Caterpillar Tract 55% ,65% 5.6% 66% Crown Cork 43% 43% 42% 47 Curtis Pub 2i i 2i 2 l 91 Deere A- Cos 54 53% 54 54 Fas'man Kodak 154 152% 152% 164% Foste- Wheeler 26% 26 26% 9* Gillette 17 17 i7 4 17, Glidden ... 48 7 4 48 7 , 48’s 49% ?, r i Ia I V ' fin ’- M % 69% Natl Cash Reg 2? 21% 99 jl 7 Owens Bottle . ..12,6% 125% 125% 1951: Rem Rand .. . 103 4 iq 3 4 Underwood E 86 86 86 86 Worthingtn Pmp 22 22 22 22 Foods— Am Sugar 51 51 51 51 Armour 5 5 5 5 Reatrice Creamrv 17% 17% 17% 171, Borden Prod . 253, 2 5% 25% 25% Can Dry G Ale . 16% 16% 16% 17 Coca Cola .89 89 89 89% Cont Bak A" .. 11% 10 11% 9% £? rn ? r SI. fiR % 68 7 , 68 s , Crm of Wfheat 37 27 37 27 Cuban Am Sugar 6 6 6 6 Gen Baking .... 12% 11 s , 12% 12 s , Gen Foods 22 s , 32 5 , 32% 32', Gold Dust 19 s , 19 19 s , 19 s , G W Sugar 30 20 20 30*, Natl Biscuit 32% 32% 32% 32 Natl D Prod 20% 20 20% 20% Puritv Bak 14% 14% 14% 14 s , S Porbo Rico Sug 25% 25 25% 25 Std Brands 15% 15% 15% 15 Uniteo Fruit .. 61% 61% 61% 61% Ward Bak B“ . 2% 2% 2% 2% Retail Stores— Assd Drv Goods 14% 14% 14% 14 s , Gimbel Bros 7% 7% 7% 7% Hahn Dept Bts 7% 7% 7% 7% •tewel Tea .60 60 60 60 s , Kroger Groc ... 26 s , 26% 26% 26 Macv R H . 47% 47 47% 47% Marshal! Field . 11*, 11% 11% 11', Mont Ward 38% 38% 38% 38% Penney J C 78% 78% 78% 78 s ,

Sears Roebuck.. 65% 65 65 64% Woolworth 52 s , 52 % 52% 52% Aviation— Aviation Corp .. 4 s , 4 s , 4% 4% Boeing Aircraft . 16% 16', 16% 16% Curtiss Wright . 3% 3% 3% 3% Curtiss Wri 'Ai 10', 10', 10% 10', Douglas Air.... 46% 45% 45% 45% Nor Am Av 6% 6% 6% 6% Sperrv C’orp ... 14% 14% 14% 14% Utd Aircraft new 27 26% 26% 27 Chemicals— Air Reduction ..166% 166 Vi 166 s , 166% Allied Chem ....151 . 151 Com Solvents .. 20'* 19% 20 20 Du Pont 137% 136% 137% 137 Freeport Tex .. 28 27% 277, 27% Liquid Carb ... 36 36 36 36 Math Alkali .... 29% 29% 29% 30 N. Y. Bonds (Reprinted From Late Times Yesterday) DAILY BOND INDEX 20 20 20 20 Inds Rails Utils Bonds Todav 90.8 83.5 103.1 92.5 Saturday 90.8 83 1 103.0 92.3 Week ago 91.2 82.2 103.0 92.2 Month ago 91.2 81.2 103.0 91.8 1935 high 91.4 86.4 103.4 82.8 1935 low 83.6 71.0 89.3 83.0 (Copyright. 1935, by Standard Statistics). U. S. GOVERNMENT BONDS (By Abbott. Proctor & Paine) Prev. Close. close. Treasurys 4s 1944-54 110.21 110.23 3%s 1946-56 109.2 108.31 3%s 1943-47 106.12 106.8 3%s 1941-43 107.19 107.18 3*/,s 1943-45 105.12 105.11 3'„s 1941 108.7 108.4 3%s 1944-46 104.31 104.31 3'aS 1946-49 103.19 103.20 3%s 1949-52 103.19 103.20 3s 1951-55 102.20 102.19 3s 1946-48 102.23 102.22 2%s 1955-60 99.29 99.28 2%S 1945-47 100.23 100.22 Home Owners Loan Corp. 2%s 1949 99.12 99.13 3s 1952 100.24 100.24 Federal Farm Mortgage Corp. 3%S 1964 102.12 102.9 3s 1942-49 101.11 101.12 DOMESTIC (By Abbott, Proctor & Paine) Prev. Close. close. Alleg Corp 5s ’44 85 85 Alleg Corp 5s '49 78 76% Alleg Corp 5s 'SO 46 49 Am Frgn Pow 5s 2030 64% 64 Am Tel & Tel 5%s '43 113% 113% Am Tel & Tel 5s '65 113 113% Arm & Cos (Deli 5%s '43 95', 2 94% Atl Coast Line 4s '52 96% 97 Atl Coast Line 4%s ’64 85 84 Atch Top & S Fe 4%s ’4B ...108% 108% Am Wat Wks 5s '44 1107, 111 Vi Am Rolling Mills 5s ’3B 120% 120% Balt & Ohio 5s ’95 74 73% Balt & Ohio 6s ’95 83% 83% Balt & Ohio 4%s 60 60% 59% Buff Roch & Pitt 4', 2 s '57 65 65 Chi Milw & St P 5s ’75 15% 16 Chi Milw &StP 5s 2000 ... 5% 6 Cleve Un Term 5s ’73 100% 100% Cleve Un Term 4%s '77 93% 93 Col Gas 5s May '52 99% 99% Col Gas 5s ’6l 98 98 Can Pac Perp 4s 86% 86% Cent Pac 5s ’6O 86% 86 Va Big Four 4%s ’77 78% 77% Big Four 5s 63 85% 86% Colorado &So 4', 2 s 'BO 56 56 Chi & West Ind 4s ’52 99',i 39% Chi & West Ind s'%s ’62 106% 107 Chi & Nor West 4%s ’49 9% 10 Con Gas 5s ’57 105 s * 105% Chesa Corp 5s ’47 115% 115% Del & Huds 4s ’43 77 73 N Y Dock 5s ’3B 58 58 Erie 5s ’75 68% 68%> Erie 5s ’67 68 Va 68% Great Northern 7s '36 103 103% Great Northern 4' 2 s ’76 98 97 Great Northern 4*/ 2 s ’77 97% 97% Gen Stl Cast WW 5%s '49 .... 89 88', a Hud & Manhat Ref 5s ’57 79% 79% 111 Cent 4%s '66 65 67% 111 Cent Jt 4%s ’63 66% C6"> 111 Cent 5s ’63 71% 69% Interlake CM &I 5s ’sl 83% 82',, Inter Hy Elec 6s '44 45% 47 Inter Tel & Tel 4%s 39 86% 87% Inter Tel & Tel 5s 55 79% 79% Inter Tel & Tel 4%s ’52 75% 76% McKess & Rob 5%s 'SO 102% 102 s , Nat Dairy 5%s '4B 103% 103% Nat Steel 5s '56 106 106 Nickel Plate 4%s ’7B 70 68 % Nickel Plate 5%s ’74 80 79 Nickel Plate 6s ’35 96 96 N Y Central 5s 2013 79% 79 s ! N Y Cen 4%s 2013 (old) .... 73 73% Nor Amer Cos 5s ’6l 103'% 103% Nor Pac 3s 2047 74% 74 Nor Pac 4'is 2047 92% 91% Nor Pac 6s 2047 106% 106% Nor States Poiver 5s 41 105 5 ,, 105% New Orleans Ter 4s ’53 80% 80% Otis Steel 6s '4l 102% 102% Penn Rv 4%s 'B4 105% 105*/, Penn Rv 4*',s ’Bl 105% 106 Penn Rv 4%s '7O 99 99 3 8 Pac G & E 5s '42 104"% 104% Portland Gen El 4%s '6O 70% 70% Para Publix 5%s ’SO 92% 92 Penn P Ar L 4%s 'Bl 105% 105 s , Postal Tel & Cab 5s "53 36 36 Rem Rand WW 5%s ’47 104% 104% Sou Pac 4%s '6B 751, 75% Sou Pac 4%s 'Bl 75'/, 75 Sou Pac 4%s '69 75% 75% Sou Pac 4s 49 79 78 Sou Rail 4s ’56 50% 50% Sou Rail 6%s '56 69% 69% Sharon Stl Hoop 5%s ’4B ..102% 103 Texas Pac 5s ’BO 93% 94 Texas Pac 5s ’79 93% 93'/2 Uhion Pac 4s ’47 112% 113 Union Drug 5s ’53 98% 98 U S Rubber 5s '47 . 102 102% NY NH & Hart 6s ’4B 30 31 NY NH & Hart 4%s ’67 30 30% Warner Bros 6s ’39 87% 86*2 Western Mary 5%s ’77 105% West Mary 4s ’52 95% 95% Youngst'n S & 8 5s '7O 103% 103 Youngst n S & T 5s ’7B 103 % 103\a FOREIGN Argentina A 6s ’57 98% 98% Argentine B 6s ’56 99%,. Brazil 8s ’4l 27 26% Canadian Govt ‘is ’6O 106'i 105% German 5%s 65 29 28% Italy 7s ’sl 50 52 Japan 6%s '54 99 7 * 99% Poland 7s '47 107% 107 Rome 6%s '52 50% 52 Busigraphs AUTOMOBILE PRODUCTION IN THE UNITED STATES (U. S. DEPT, or commerce) B ®°l iSoTTEU LINE IS THE PAST TEN TEARS AVERAGE OF „ __ THE SAME MONTHS Loo -p| : b Jl!f §i!f ■ i—i NDJFMAMJJASON THE BARKER CORR GENERAL DISTRIBUTORS INCORPORATED INVESTORS The importance of the automobile to many other industries is often only vaguely realized. The following table shows the dependence of many industries on the automobile industry. expressed in percentages of their total output. Pet. of Industry Total Gasoline 85 Rubber 80 Plate glass 70 Lubricants 53 Lead 39 Iron and steel 23 Aluminum 2S Copper 19 Railway freight 9

Monsanto Chem 88% 88 V, 88', 88 Natl Dis (new).. 30% 30% 30% 30% Schenley Dist .. . 50 50 50 50% Union Carbide.. 70'* 69% 70Vi 70% Drugs— Coty Inc 6% 6% 6% 6% Lambert ... 22 V* 22', 22 V, 22% Lehn & Fink ... 12 11 s , 11% 12V, Sterling Prod . 64 64 64 64% Un Drug (new). 13% 13% 13% 13% Financial— Adams Exp 11% 11% 11*, 10% Allegheny Corp. 2% 2% 2% 2% Am Int Corp ... 9% 9% 9% 9 s , Chesa Corp 56 '.'2 56% 56% 56% Lehman Corp .. 93% 93 93*2 93 Transamerica .. 12% 12% 12% 12% Tr Conti Corp .. 7% 7% 7% 7% Building— Am Radiator ... 23% 23% ... 23% Gen Asphalt ... 21% 21 21% 21% Holland Furnace 30% 92% 30% 29% Int Cement .34 34 34 34V, Johns Manville 92 91 Va 92 92 Libby Owens Gls 44 44 44 44% Otis Elev 24% 24% 24% 24% U S Gypsum ... 84% 84 84 85% Household— Col Pal Peet 13% 19% 19% 19% Congoleum 40% 40V, 40% 40V, Kelvinator 14% 14% 14% 14*4 Proc & Gamble.. 44% 44% 44% 45 Servel Inc 15% 15% 15% 15% Textiles— Celanese Corp .. 27% 27% 27% 27% Indus Rayon ... 29% 29% 29% 29% Real Silk 10% 10% 10% 10 Unlisted Stocks (By Blythe & Cos.) NEW YORK BANK STOCKS Bid. Ask. ‘Bankers . 67% 69 Central Hanover B & T. 124% 126% Chase 41% 43% Chemical National 54% 56% Guaranty 312 3i5% Irving 17% 19 Manufacturers 45% 47 National City 38% 39% Cont 111 (Chicagoi 117 119 ‘First National of Boston 45% 47% •Natl Shawmut 31 32% FIRE INSURANCE Aetna Fire . 26Vi 30*4 City of New York inew) 87 90% Federal Ins 87 90% Franklin Fire 33 35 Great American Ins 29% 31% ‘Hanover Fire Ins 39 41 Hartford Fire Ins 82% 84% Home Ins 39Vi 40% Ins Cos of N A . 75 77 National Fire 76 78% North River Insurance 27% 29 Phoenix Insurance 98 % 100 s ! U S Fire 54% 56% Westchester Fire 37% 40 *Ex. div. WHEAT PRICES FIRM ON SHORT COVERING Trade Extremely Light in Pre-Holiday Trade. By United Press CHICAGO. Dec. 24.—Short covering imparted firmness to December wheat today. At the start wheat was % cent lower to % cent higher, corn was unchanged to off % cent, oats were up Y cent, and rye was unchanged to off % cent. Trade in wheat was extremely light as pre-holiday dullness engulfed the market Short covering in the Qecember contract ran that delivery up slightly, but the deferred contracts were little changed. CHICAGO FUTURES RANGE (By James E. Bennett CO.l 11:30 Prev. Wheat— High. Low. A. M. Close. Dec 1.05*4 1.04 1.05% 1.04% May 99% .99% .99% .99% July 89% .89% .89% .89% Corn— Dec 58% .58% .58 s , .58% May 59% .59% .59*2 .59% July 61 .60% .60% .61 Oats— Dec 26% .26% .26% .26% May ,28% .28% .28% 28 Rye— Dec 52 .51% .52 .51% May 52% .52% .52% .52% LOCAL CASH MARKET City grain elevators are paying 92 cents for No. 2 soft wneal. Other grades on their merits Cash corn new No. 4 yellow 46 cents and oats 19 cents. SERUM CO. RE-ELECTS M. S. BARKER MANAGER Lewis Taylor, Newburg, Renamed President at Meeting. M. S. Barker, one of the largest farm operators in Boone County and an ardent farm organization worker. has been reappointed manager of the Swine Breeders Serum Cos. He also is to retain his duties as secretary and treasurer of the company. Lewis Taylor, Newburg. president of the Indiana Farm Bureau, was re-elected president at the stockholders' meeting, while A. H. Myers. Noblesville, was appointed vice president. Other directors include: H. G. Kurless, Frankfort; Scott Meiks, Shelbyville; C. V. Spencer, Rushville; L. L. Needier. Indianapolis, and A. S. Thomas. Danville. DEFUNCT STATE BANK TO PAY 20 PER CENT Depositors of Vincennes Institution to Receive Dividend. By United Press VINCENNES. Ind., Dec. 24. Checks representing a payment of 20 per cent on deposits of the defunct Farmers and Merchants Bank of Decker were mailed today by George E. Hoover, Bicknell, receiver. Three payments, totaling 50 per cent of the deposits of the institution, closed March, 1931. will have been made when the distribution to approximately 300 depositors is completed. The last payment was ordered by Judge W. S. Hoover of Knox Ciri cuit Court.

PAGE 11

STEEL FIRM TO ENLARGE PLANT AT HAMMOND $1,000,000 Blooming Mill to Be Installed by Inland Cos. By United Errs* HAMMOND, Ind., Dec. 24.—Installation of anew $1,000,000 blooming mill will be made at the Inland Steel Cos. here during the Christmas holidays. The firm will shutdown approximately 10 open hearth furnaces over a 10-dav period to permit installation of the 36-inch, electrically operated mill. Officials said the move would reduce the ingot production rate of the Chicago-Calumet District quite substantially, but output would again reach the present high level after the first of the year. The company has been operating 25 of its 27 open hearths in order to accumulate enough stock for the period of the shutdown. Pickup Is Anticipated Operating rate of the ChicagoCalumet District slumped two points to 60% per cent of capacity last week with the shutdown of two open hearth furnaces. Ordinary year-end repressive influences also are expected to add to the decline somewhat but schedules of major consuming industries indicate the possibility of a big pickup in the first three months of 1936. It was pointed out that in the current situation practically all of the tonnages being taken by consumers represented the needs of actual consumption. PORKER PRICES REMAIN STEADY Cattle, Lambs Strong to Higher; Veals Rise 50 Cents. Pre-holiday trading in hogs at the local stockyards today was unchanged at yesterday’s strong average. A light demand prevailed in practically all classes due to the absence of buyers who are away on Christmas vacations. With transportation facilities still hampered by bad weather conditions, receipts today were estimated at only 3000, same as in the preceding session. Despite the extremely light supply on hand yesterday, approximately 414 hogs remained unsold. The Indianapolis market will be closed tomorrow in observance of the Christmas holiday. The general bulk of 160 to 225 pounds cashed in at $lO to $lO.lO. the highest, price paid for any classes sinee Dec. 9. Medium heavy grades, scaling from 225 to 275 pounds, brought $9.75 to $9.95. while butcher weights, ranging from 275 pounds and upward, sold at $9.45 to $9.65. Light hogs, weighing 100 to 160 pounds, held at $9.25 to $9.75. Packing sows were offered at $8.25 to $8.75. Few brought $8.85. The cattle market was generally 25 cents higher in all classes, including steers, heiftrs and cows. Bulls were steady to strong. Two loads of slaughter steers, weighing around 1090 pounds, brought sl3, while a single load, weighing 1100 pounds, sold at $12.50. Two other loads brought $11.25. All other steer sales ranged from $6 to $9. Two loads of heifers, scaling 737 pounds, cashed in at $8.50. Most sales held under SB. Receipts were 800. Vealers were strong to sharply 50 cents higher than yesterday. The bulk of good and choice kinds sold at sll to $11.50. Receipts were 400. Lambs also were strong to generally 25 cents higher. Bulk of fed western kinds ranged from $11.50 to $11.75. Native lambs sold at $10.50 to $11.50. Slaughter sheep ranged from $4.50 down. Receipts were 4500. HOGS Dec. Bulk. Top. Receipts. 18. $9,504} 9.60 $9 60 4000 19. 9.65@ 9.75 9.80 4000 20. 9.80® 9.90 9 90 3500 21. 9.65® 9.75 9.75 1000 23. [email protected] 10.10 3000 24. [email protected] 10.10 3000 Light Lights (140-160) Good and choice . $9.5043! 9.75 Medium . 9.00® 9.50 ,160-180) Good and choice.. 10.000.10.10 Medium (180-200) Good and choice 10. [email protected] Medium [email protected] Medium Weights (200-220) Good and choice.. 9.95®10.00 (220-2501 Good and choice . [email protected] Heavyweights 1 250-290 1 Good and choice . B.B o® 9.95 (290-350) Good and choice. . 9.45® 9.65 Packing Sows ,275-3501 Good 8.60® 885 (350-425) Good 8.50® 8.75 1425-450) Good . 8.35® 8.60 (275-450) Medium 8.25® 8.50 Slaughter Pigs 'IOO-140) Good and choice . . • 9 25® 9.75 Medium 8.50® 9.50 CATTLE —Receipts, 800— (500-900' Choice *10.500 12.50 Good 9.00® 11.75 Medium 7.00® 9.25 Common 5.50® 7.00 '9OO-1100' Choice 12.00® 13.25 Good 9 25® 12.50 Medium 7.25® 9.25 Common 5.50® 7.25 (1100-13001 Choice 12,500 13.50 Good [email protected] Medium . 7.50® 9.50 (1300-1500' Choice 12.50® 13.75 Good 9.50® 12.50 Heifers ,500-750) Choice 9.50® 10.50 Good B.oo® 9.50 Common and medium 4.50® 8.00 '750-800' Good and choice. . 8 50®11.00 Common and medium 5.00® 8.50 Cows Good 5.50® 6.50 Common and medium 4.50® 5.25 Low cutter and cutter 3 25® 4.50 Bulls, good 6.00® 6.50 Cutter, com. and med. bulls ... 4.25® 6.00 VEALERS —Receipts. 400— Good and choice *ll.oo® 11.50 Medium 9.000 11.00 Full and common 5.00® 9.00 Calves (250-600) Good and choice .... 7 [email protected] Common and medium 4.50® 7.00 Feeder and Stocker Cattle (500-800) Good and choice 6.75® 8.25 Common and medium 4.50® 6 75 (800-10501 Good and-choice .. 6.75® 850 Common and medium .... 4.50® 6.75 Cow* Common and medium 3.50® 4.25 SHEEP AND LAMBS —Receipt*. 4500 Lambs. 90 lbs. down, good and choice *10.75® 11.75 Medium 8 75® 10 75 Ewes (90-1251 Good and choice. .. 4.25® 5.00 All weights, common and medium ... 3.75® 4.75 (120-150) Good and choice... 3.25& 4.25

Motor Output Passes 1,000,000 in Week Production of motor vehicles for the week ended Dec. 21 exceeded 100,000 units for the second time this year, according to Cram's Reports, Inc. Estimated total is 103,600 automobiles and trucks.

TOWNSEND PLAN Two hundred dollars a month for all persons over 60 years old is the extent of the popular conception of the Townsend old-age pension plan. But there is much more to it than that. In his column today John T. Flynn, noted journalist-economist, outlines the plan itself in its several details, in other aticles this week Mr. Flynn will discuss the arguments for and against the proposal.

I, C.C.TOACT ON RAIL FARES Commission Gets Report Favoring Reduction of Charges. By United Press WASHINGTON. Dec. 24 —The Interstate Commerce Commission will act soon on recommendations of an examiner for reduction of rail fares from 3.60 cents a mile to 2 cents, it was reported today. The recommendations, made hy Examiner I. L. Koch, were submitted to the commission on Oct. 4. They were made after an exhaustive hearing on means of reviving the railroads. Commissioner Claude R. Porter, who was in charge of the inquiry, was understood to have made a report to the full commission. This report, it was said, recommends the fare reduction and elimination of the present Pullman “surcharge.” Western and some Southern railroads placed reduced fares in effect more than a year ago on an experimental basis. These roads were so pleased with the results that the lower fares were continued indefinitely. Mr. Porter declined to discuss his report. “No matter what I may have or may not have prepared, nothing in it could be construed as speaking for the majority views of the commission,” he said. Eastern railroads, excepting the Baltimore & Ohio and the Norfolk & Western, opposed the lower fares. Some attorneys doubted legality of a compulsory order. The railroads, it was believed, would fight such an order to the Supreme Court. NEW TIME-PAYMENT PLAN IS COMPLETED Libby-Owcns-Ford Glass Cos. Makes Liberal Provisions. Times Special TOLEDO, Dec. 24.—The Libby-,Owens-Ford Glass Cos., a leading manufacturer of flat glass, today announced that it has completed a new time payment plan for residential modernization and commercial installation projects. Among its attractive features are indorsement without recourse, 100 per cent payment, low discount charges and payment as low as $4.12 per month. Amounts to be financed can not be less than S7O. Applications for loans should be made through Libby-Owens-Ford distributors, located in principal '•itics throughout the country. On commercial installations, a 20 per cent down payment is required, with up to 24 months to pay the balance. Amounts to be financed can not exceed $50,000. No down payment Is required on residential modernization. The largest amount to be financed must not exceed S2OOO, and 36 months is the maximum for time payments. TAX REDUCTION ASSURED Times Special NEW YORK, Dec. 24.—Following approval by the Common Council of a $271,032 reduction in the city’s tax budget, tax payers of Yonkers, N. Y„ are assured a sharp reduction in the rate of 40 cents a SIOOO valuation and a $4,183,608 cut in assessed property valuation, Mayor Joseph F. Loehr announced today. Chicago Stocks (By Abbott, Proctor & Pain*). 10:30 Prev. _ . _ A. M. close. Berghoff 7% 6% Butler ji,, 8% Chicago Corp 414 4* Conti Steel 33 7 , 39-. Cities Serv 3 2 % Com & Edison 95 % 95 7 , Crane 26 25% Elec House 16% 17 Grt Lakes Dredge 23 s , 28% Libby g 3< 9 , Lynch Glass ’ 33 33 Noblitt Sparks j 211/- 3 2'4 Perfect Circle 27 39 4 Swift 2l* 017. Zenith i 3 % 13% New York Curb (By Abbott, Proctor A: Paine) 11:30 am. Prev. , _ N. Y. close. Am Cyanide 'Bi 29 28% Amer Superpower 2', 2% Atlas Corp 12% 12% Carrier Corp 11 10% Elec Bond and Share 15 151, Fisk Rubber 6i, g Ford of Can (A) 24% 26% Ford of Europe 8% 3% Hiram Walker 31 311, Imperial Oil Ltd 19% 19% Lake Shore Min 53 53 Nia Hud Pwr 8% 3 Other Livestock Bv United Press 1 FORT WAYNE, Ind Dec. 24.—Hogs, 15c higher; 150-180 lbs *10.15; 180-200 lbs $10.05; 200-220 lbs.. $9.95: 220-240 lbs $9 85: 240-230 lbs. $9.75; 230-300 lbs $9.65: 300-350 lbs., $9.50: 140-160 lbs., $9 90 120-140 lbs.. $9.65: 100-120 lbs., *9.45: roughs. $8.25: stags, $6 50. Calves. $11.50 Lambs. $11.25.

. INCORPORATED INVESTORS —An Investment in Common Stocks— Founded 1925 in Boston, Mass. Prospectus, latest quarterly report and other information available at our office Indianapolis Bond and Share Corporation 229 E. Market SL Indianapolis Riley 4551

WAGE-EARNERS BEAR GREATER BURDEN OF TAX Small Salaried Citizens’ Portion Increases, Figures Show. BY RICHARD L. GRIDLEY I nited rres* Staff Correspnndent WASHINGTON. Dec. 24—Small wage and salary earners are bearing a larger portion of Federal income taxes, Treasury figures revealed today- Persons with net incomes of less than $5,000 paid nearly 10 per cent of total income taxes of $374.120.469 in 1933. compared with .45 per cent, of $1,001,938,147 in 1929. Incomes of the small-salaried group rose from 32 per cent in 1929 to 62 per cent of all taxable incomes in 1933. The relatively higher incomes of this group as well as lower personal tax exemptions accounted for the increased tax payments. Approximately half of the 1933 income taxes were paid on incomes of $55,000 or under, while recipients of $200,000 or less paid half the tax bill in 1929. These brackets earned 92 and 87 per cent, respectively, of the total income received. Illinois Resident Tops List The Treasury reported 50 milliondollar incomes in 1933. compared with 513 in 1929. The highest reported income of “over $5,000,000'* i was received by an unnamed resident of Illinois. A resident of New York State received between $4,000,000 and $5,000,000. and another in ! that state received between $3,000,000 and $4,000,000. Four others reported $2,000,000 and $3,000,000. Million dollar incomes by states were: New York, 22; New Jersey, six: Pennsylvania and Illinois, four each; California, three; Connccti- ! cut, Massachusetts and Maryland, two each; Delaware. Indiana. Maine, Michigan, and North Carolina, one | each. Corporate income tax returns reI vealed 69 companies earning in ex- ; cess of $5,000,000 each in 1933. Losses 1 of more than $5,000,000 each were reported by 116 concerns. In 1929, $5,000,000 was earned by each of 300 corporations, while 23 lost that amount. Profits were reported in 1933 by j 109,796 corporations, while 337,053 i operated at a loss. Profit-taking concerns earning a net income of SIOOO each numbered 52,278; a total of 13,558 earned between SIOOO and i S2OOO while 318 earned between $1,000,000 and $5,000,000. Mississippi Lowest Average j The District of Columbia reported 14.13 out of every 100 persons filed ! income tax returns in 1933 compared j with 2.95 persons per 100 throughout the country. New York State reported 5.77 per cent of its residents filing income tax returns, against 6.02 per cent in 1929: California, 4.73 per cent, j against 5.44 per cent; and Pennsylvania, 4.20 per cent against 37.78 per cent. Mississippi was the lowest with only .53 per cent of the residents filing returns. Delaware led in the average tax paid on each return. The average income taxpayer in that state paid $508.81 in 1933, compared with $1485 in 1929. The tax average in New York was $183.70; North Carolina, $139.88, and fell to a low of $21.41 in Idaho. On Commission Row Quotations below subject to change are average wholesale prices being offered to buyers by local commission dealers: Fruit—Cranberries, C. C. Hames. Eatmores. 25-lb box. $4.75 Pears—Washington D’Anjo. $3.25. Calif, avacados. S3 75. Bananas —Seven hands, a pound, s‘,c Persimmons— California, lug. $1.25. Apples— Jonathans, $1.75 Delicious. $1.75; Wealthys. *1; Grimes Golden, $1.25. Lemons—. Sunkist. 3605. $7 50. Grapefruits—Texas, 64.s to 70s. $3 25; Arizona Sunkist. $2.75. Limes—Mexican, a carton 12s. 18c Grape* Emperor, lug. $2; fancy Emperor. 34-Ib. sawdust chest. $4. Vegetables—Beans, green, round stringless. bu.. $2 50. Beets—Texas. 3-doz crate. $1.85 Cabbage—New York Danish, 50-lb. bag. 80c. Carrots—California. 6 doz. crate. $3.75. a doz.. 70c. Cauliflower—California, crate. $2.10 Celery—Michigan, wash-d and trimmed .6 stock bunch. 55c Jumbo, doz., 85c. Cucumbers—Southern, bu., $4 50, doz.. *l. Kale—Home-grown, bu. 60c. Lettuce—lceberg California good. $3 75. home-grown leaf. 15-lb basket. *1.15. Endive—California. basket. 85s Mangoes - California, crate. $5; small basket. $125. Mint—Bunch. 20c Mustard —Home grown, bu. 60c. Onion* j —lndiana yellow 50-lb. bag. *1.15: Indiana yellow. 10-lb. bag. *1 50 Parsley Southern, doz . 50c. Peas —Telephone, hampers. $3.50; Texas hampers. *2.75 Potatoes—Round Cobblers. 100-lb bag. *1.60; Michigan Round White. 100-lb. bag.. Sl.afe Early Ohios. bu.. $1.75; Idaho Ruasets, $2.35. Sweet potatoes —Indiana Jerseys, bu. $1 65 Radishes—Ohio, button, doz, baskets, 45®60c. Sage—Doz., 45c. Spinach j —New Texak. bu.. $1 40. Squash—Su, !$2 50. Tomatoes—Florida. 10-lb. carton, $1.50. FRUITS AND VEGETABLES By United Press i CHICAGO Dec. 24—Apples—Michigan Mclntosh, bu. $lO 125 Carrots—lllinois, bu . 250 30c. Sweet Potatoes—Tennessee, bu.. 850 90c. Beans—Florida, bu.. $50 6. Cabbage—Sacks, per cwt.. 75c®51.25. Pea* —California, bu. hamper 7 52 50® 3 50. Spinach—Texas, bu.. 75c'"$l Lettuce— Western, crates 5 doz s2® 285 Cucumber* —Florida, bu.. $3®3.50. Celery—Michigian, square crates 65c® $1 Cauliflower—California. crate $1 650 1 75 Tomatoes— Florida lugs. S2O 2.75. Onion market 'SO- - sacks'. Minnesota yellows $l Western Valencias. sl@l 10 Illinois vellows, 65c® *1: Michigan yellows. 90c: Indiana whites, $1.15

PUT YOUR MONEY TO WORK LOCALLY! BUY Building & Loan Shares