Indianapolis Times, Volume 47, Number 292, Indianapolis, Marion County, 14 February 1936 — Page 34

Trends > Disputes Dicta on / Skilled Labor Situation. BT JOHN T. FLYNN YORI£, Feb. 14 -An of- ' flrial of the American Management Association told a convention of its members that “industry Is facing a serious shortage of skilled workers. The pinch is already being fplt and will grow more acute as business continues

oil the upgrade. The situation affect 1 ? not only finely skilled workers but skilled and semi -skilled workers.” In a world so hopelessly contused about it.? affairs and desperately struggling to reach the truth, it is difficult to estimate the damage that is done to public thinking by groundless statements like

Flynn

this. Doubtless the gentleman who uttered it believed it. But oft/.rn ill-considered statements on the employment situation are issued because they help to make a point that many excessively conservative people are eager to establish. Thao is that the emergency is passing, that unemployment is grossly exaggerated and that the relief rolls are a gigantic hoax on the American people. a a tr AFTER all, the sane manufacturer and employers will be better served, just as society will be better served, if the unvarnished truth is fared. As it happens. T have on my desk a careful classification of those on the relief rolls of the Federal government by occupations, made last October. It shows that there were at that time 6.112,529 persons on the relief rolls. This excluded workers over 64 years of age. This, of course, includes only those who are being aided bv the government. It does not include another 4.700,000 workers who are not getting relief. Without looking further, it is obvious that with so many unemployed there could not possibly be a shortage of any kind of skilled workers and particularly not of semi-skilled workers. But the relief list makes the whole case plain. It shows there were 492,575 skilled mechanics unemployed in the building industry and 244.759 skilled mechanics in manufacturing industry out of j work; that there are 310.401 semi- ! skilled workers in the building industry and 870,574 semi-skilled workers in the manufacturing industries out of work. a r a OF course, it may be claimed that men prefer relief and Works Project employment to icgular employment in industry. This is a charge abundantly disproved by the facts. Bur, certainly this charge can not be made about skilled and semi-skilled workers. After all. the pav of laborers is small and precarious. It is entirely passible that a man might do as well on the assured relief payments in a year as on private intermittent employment as an unskilled laborer. But this can hardly be said of the skilled workers. The difference between the bare subsistence of relief rolls and the pay of a skilled worker is very great. Here and there in some isolated industry there may be a difficulty of obtaining skilled men at Inat very spot. But to proclaim a general shortage of skilled labor and even of semi-skilled labor reveals a singular lack of responsibility in dealing with the facts of a very grave issue. (Copyright. 1936. by NEA Service. Inc.) OIL OUTPUT DROPS Timm. Sprrinl NEW YORK. Feb. 13.—Daily average grass etude oil production dining the week ended Feb. 8 was 2.763.750 barrels, against 2,815,550 barrels in the preceding week, the American Petroleum Institute estimated today. On Commission Row ,Quotations below subject to change are average wholesale prices being offered to buyers by local commission dealers.) FRUlTS— Strawberries: Florida, pint, ?0c; 36-pint crate. 19c Cranberries. C. C. Howes. Eatmores. 25-lb. box, $3. Pears: Washington D Anjo HOOs boxi. *3.25: Washington Bose < 100-120s l. 53.25: California Avacado 1200-24.11, 53.50. Grapes: Extra Fancy Emperors i34-lb. sawdust rhesti, *3 50. Limes: Mexican icarton 32s> 2*r: Persian seedless idoz.i. 45c. Pates: Frvsh Arizona, $1.50. Bananas, seven hands, pound. sc. Apple.s: Delicious (fancy baskets). *1.75: Jonathans. *1.50; Grimes Golden. $1.25: Rome Brainy. *1 65. Lemons: Sunkist i36(lii. *6. Grapefruit Texas seedless i.Ms-96s>. *3.50 Arizona Runkist <80s(. *3 Tangerines. Florida (120s. 144s 168si. $1.7.v VEGETABLES Aitichokvs, California • dr,*.). 61.25. Beans, green, round sttlngless (hamper). *3.25. Beets: Texas i3 (to*. eratei. *1 50: cut offs (bu.i, *l. Brussels Sprouts, California iquart'. 20c. Cabbage. New York Danish 'SO-lb. hag'. BOr New Texas irratei. *1.50. Red cabbage .SO-Tb bag>. *2 Carrots. California '6-do*, eratei *3.25: Texas i3%-dO7. crate'. •1.75 (bushel'. $1.50 Cauliflower. California 'l2s eratei. *1.75. Celerv Florida washed and trimmed (doz.). 60c ® 61.05; Florida <4s. 6s. 8;.. 10s eratei. $3.85. Cucumbers, hothouse do*.'. $1.35; southern .bushel i, $6 Egg Plant. Florida (do* ). *1 SO Kale (Virginia bushel. 90c. Lettuce. Iceberg Arizona (best 4s. 5s i. *3 25; home crown leaf <ls-lb. basketsi ■1.15. Endive California (doz >. 90r Peepers, maneoes (eratei, $5. peck basket $1 40 Idof.i. 50r Mint, hothouse 'doz.i. 75c. Mushrooms iDoundl. 30c Mustard. Texas (bushels'. *1.35 Onions - Indiana yellow ■ 50-1 b. bagi. 51.35: Indiana vellow • 10-lb. bag'. 28c: Western Spanish (50-lb. bagi. 61.75: Oyster plant, home grown idoz.l. 40c Parslev, southern (long bunches Hloz.t. 50c. Parsnips, home gtown washed 'bushel'. 61; (half-busheh. 60c Peas. Florida ihamper). $3. Potatres Michigan Round White 1100-lb. bag', $190: Maine Green Mountains • 100-lb. bagi, *2 50: R. R Earlv Ohlos (100-lb. hag'. 62: R R. Cobblers iIOO-lb. bag'. $2; Idaho Russels 1100-lb bag. 62 52: Idaho bakers (70s box. $2 40: Col. McClures 1100lb. hag). 62 25: N w Texas Triumphs <SO- - bagi. 62 15. Sweet potatoes. Indiana Jerseys (Is bushel. *1.50; mediums (bushel). 61: Tennessee Nancv Halls ihamper). 61 15: Southern Porto Rican* (bushel crate'. 61.50. Ttadishes, home grown but'ons idoz.i. 45c: white. 40c Rhubarb, hothouse (bunch*. 50c Rutabagas. northern 150-lb. bagi, 85c. Sage idoz.i. 45c Shallots. Louisiana (doz. >. 45c Spinach. New Texas (bushel). 61.15 Tuhnlps. home grown washed (busheli • 1.50. Tomatoes, repacked (10-Ib. boxi. • I 40: original Cuban (30-lb. lugi. 63. rtllT* AND VEGETABLES (Br United Pres*) CHICAGO. Feb. 14 Apples- Michigan Mclntoah. bushel. $1®1.40 ijarrol.v-Illi-nois, bushel 50® 60c Sweet potatoes— Tennessee. bushel 74®90r Beans Floqda. bushel $24)3 50 Cabbage Sacks per ewt., $1.50. Peas—California, bushel hampers, 6263.50. Bpinach—Texas, bushel 75c ®SI.Ift. Lettuce—-Western crates. 5 doz. •2 25®>.M Celery- Florida, crates *2.75 ®3 40 Cauliflower California crates *1 2543.1.40 Tomatoes Mexican lugs. *23 Onion market iSO-ib sacks' Western Valeciae. 64.45: Michigan 'ellows. 90r MUsneecta yellows. $l?ji.l0; Colorado yellows,. 1.07 Vs&U5. to

PAGE 34

ORDER TRADING STOPPED IN OLD INSULL SHARES Middle West Utilities Cos. to Be Taken From Chicago Board. U\i T iiilnl Virtu CHICAGO, Feb. 14.—Trading in the shares of the old Middle West Utilities Cos., once the foundation of Samuel Insull’s crumbled uitlities empire, will be suspended on the Chicago Stock Exchange at the close of session, officials have anI nounced. The action followed decision of Federal Judge James H. Wilkerson i to permit discontinuance of transj fer facilities for the stock. Feverish trading in the stock in the last week at prices more than double those brought in the market by a similar equity in its successor concern, the Middle West Corp., amazed veteran speculators and brought the situation under scrutiny of the Securities and Exchange Commission. “Sucker Buying” Demand Most of the demand was attributed to “sucker buying" by small speculators who were impressed by the apparently low price. A New York brokerage firm made most of the purchases. Suspension of trading in the issue on national securities exchanges is expected to put a quietus on speculative buying in the issue. The old common stock has been selling recently at % and %, or $25 and $37.50 per hundred shares which are exehangable into stock and warrants of the new corporation selling in the market at only $17.50. At present more than 2,000.000 shares of the new Middle West Corp. common stock have been issued in exchange for securities of the bankrupt company, it is learned. There wilF be 3,310,757 shares outstanding when all of the securities have been exchanged. BURKE & CO. OPENS SOUTH BEND BRANCH Harry A. Wallis Named Manager of Indiana Office. Formal opening of new offices of the T. P. Burke <fc Cos., Inc., investment dealers, in South Bend, was announced in Indianapolis today by T. P. Burke, president. The branch is to be managed by Harry A. Wallis, who is well known in Indiana financial and investment circles. Otto H. Helfrick, Elkhart, who has represented the T. P. Burke Cos. in that territory during the last two years, is to be associated with Mr. Wallis at the South Bend branch. An expansion in the company's business in the northern Indiana district has necessitated, the opening of the new branch to serve clients in that territory, Mr. Burke said. The company also operates branches in Terre Haute and Fort Wayne, Local Livestock HOGS Feb. Sulk. Top. Receipts. 8. $10.750110.85 $10.85 1000 10. 11.050*11.15 11.15 3000 It. 10.900*11.00 11.00 7000 12. 10.800) 10.90 10.90 5000 13. 10.800i10.30 10.90 2000 14. 11.15® 11.25 11.25 2000 Light Lights. (140-1601 Good and choice $ 10.250® 11.00 Medium . 9.75® 10.50 1160-180) Good and choice . 11.000) 11.15 Medium . 10.50frn11.00 ÜBO-200) Good and choice . 11.150*11.25 Medium .. 10.65friT1.15 1200-220) Good and choice.. 11.15® 11.25 (220-2501 Good and choice.. 11.000) 11.15 Heavyweights. (250-2901 Good and choico.. 10.65®11.00 i290-350i Good and choice.. 10.OOoi 10.65 Packing Sows. 1275-3501 Good 9.25® 9.50 (350-4251 Good 9.10® 9.45 ■425-5501 Good 9.00® 9.25 1275-550. Medium 8.75® 9.15 Slaughter Pigs. iloo-140i Good and choice . 9 50®10.25 Medium 8.50® 9.75 CATTLE —Receipts. 200— (500-900) Choice $ 9.50®11.00 Good 7.75fri 10.00 Medium 6 50® 8.00 Common 5.00® 6.50 (900-11001 Choice 10.00® 11.75 Good 8.250*10.25 Medium 6.50® 8.25 Common 5.00® 6.50 (1100-13001 Choice 10.50(0 11 75 Good 8.25® 10.50 Med ill fi 6.75® 8.25 (1300- !suo) Choice 11.00 Oi l 1.75 Good 8.25® 11.00 Heifers (500-750) Choiee 8 008? 9.25 Good 7 00® 8 00 Common and medium 4.50® 7.00 (750-900' Good and choice .... 7.00® 9.50 Common and medium 6.090 7.00 Cows Choice 6.50© 7 25 Good 5.75®.' 6.50 Common and medium 5 008) 5.75 Low cutter and cutter 3.508? 5.00 Bulls, good 6.509? 7.25 Cutter, com. and med. bulls.. 2.50 U 6.50 VEALERS —Receipts. 200— Good and choice $13.00® 13.50 Medium 10 50® 13.00 Cull and common 6 00® 10.50 Calves (250-5001 Good and choice.. 7 008710.00 Common and medium 4 500 7.00 Feeder and Stocker Cattle (500-800i Good and choice 6,751? 775 Common and medium . .. 5.00® 6 75 (800-1050i Good and choice . 6.75® 7.75 Common and medium 5.008? 6.75 Cows Oood 4.508? 5 00 Common and medium 4.000 4.50 SHEEP AND LAMBS —Receipts. 1000— Lambs. 99-lbs. down, good and choice $10.25® 10.50 Good 10 008710 25 Medium 9.00® 10.00 Common 7.00® 9.00 Ewes. 190-175) Good and choice.. 4 00® 500 Common and medium . . 3.00© 4.00 Yearling wethers good choice 9.008? 950 Medium 7.000 9.00 Unlisted Stocks ‘Bq Diyth ft Co.' NEW YORK BANK STOCKS , Bid. Ask. Bankers’ 64'. 660 Central Hanover B A- T 115'. 117'. Chase 39'. 40', Cher.’.cal National 55 56'. Guaranty .. 297 300% Irving 16’, 18-V, Manufacturers *s'* 74-', National City 360 37', Corn 111 Chicago 151 154‘, First National Boston 48% 50 National Shawmut 28' 30 FIRE INSURANCE Aetna Fire 62 64% American Ins of Newark 170 19', Baltimore American 9', lit. City of New York 31 33>, Federal Ins ill 116', Franklin Fire 330 350 Great American Ins 33’, 35', Hanover Fire Ins 39’, 410 Hartford Fire Ins 870 89®, Home Ins 380 40', Ins Cos of N A 82* a 84', Nation*! Fire 860 88', National Liberty 10’, I2' Nnrih River Ins 29*, 310 Phoenix 102 105', C S Fire . 59 61 Westchester Fire ............. 403

Abreast of The Times on Finance

90' r 1 80 TIT TpT . MOODY’S DAILY / N .. !/ 80 t— COMMODITY INDEX tA—— tvJ \i L—-J 160 i T V *j 2 Z |V * V o 5 WEEKLY V | “70._ BUSINESS TREND j. un S ii 5 Q MOODY’S INVESTORS SERVICE 4 1 1 L_*_J ]£Q FEB. MAR. APR. MAY JUN. JUL. AUG, SEP. OCT. NOV. DEC. JAN. FEB. 1935 1936

New York Stock Exchange Prices

(By Thomson <fc McKinnon) 11:15 A. M. Close High Low N. Y. Close Ail Rfg 330 330 330 33'% Barnsdall 170 170 170 170 Consol Oil 14 130 130 14 Cont of Del ... 37 0 37 0 37 0 37% Houston (new) . 100 10Va 10'/, 10% Mid Cont Pet... 200 200 200 200 Ohio Oil 160 16% 160 160 Pet Corp 16 16 16 160 Phillips Pet ... 430 430 430 430 Plymouth Oil ... 140 14 0 140 140 Pure Oil 200 200 200 200 Seaboard Oil ... 36 0 35') 35 0 350 Shell Un 160 160 160 17 Soc Vac 150 150 150 150 S O of Cal 460 36 0 36 0 360 8 O of lnd 290 290 29V, 290 S O of N J 60', 60 60 1 4 60 Texas Corp 34 0 34 0 34 0 340 Tidewater Assn. 18' a 180 180 180 Un Oil of Cal... 270 27 27 270 Steels— Am Roll Mills.. 33V 33 0 33 0 33 0 Beth Steel 560 55% 55% 570 Bvera A M 240 24% 24 0 240 Cruc Steel 380 380 380 39 Inland Steel ...110 110 110 110 0 Ludlum Steel ... 310 31% 310 31% Mid Steel 25% 250 25% 26% Natl Steel 73 73 73 73', a Otis Steel 180 180 180 180 Rep Iron & Stl .24 0 24 0 24 0 240 U S Steel pfd. ...1280 128 0 128% 129 Warren Bros 6% 6% 6% 6% Warren Pipe&Fd 27', 27% 270 27 Youngstown S&T 520 52% 52% 52 Motors— Auburn 46% 4.6% 460 47 Chrysler 960 950 960 960 Gen Motors .... 59 0 59 % 59% 590 Hudson 16% 15% 25% 16% Hupp 2% 20 2 0 2% Mack Truck 34 33'a 33'a 34 Nash 19 180 180 180 Packard 9% 9'/a 90 9% Reo 6% 60 60 60 Studebaker 10'a 100 10% 100 Yellow Truck ... 150 15% 15% 15;s Motor Access — Bendix 240 24% 24% 24 0 Bohn Alum 57 0 57 0 57 0 57 0 Briggs 57 560 56 0 57 Budd Mfg . ... 110 11 11 11 Budd Wheel ... 130 13 13 1274, E'ec Auto Lite . 400 40% 40% 400 Greyhound "B'% 78% 77% 78% 770 Houdaille 28 0 28 0 28 0 280 Murray Body .. 197a 19 19 19% Stew Warner ... 200 200 200 20% Timken Roll 710 71% 71% 710 Timken Det Axle 150 150 150 150 Mining— Alaska Jun 16% 16% 16’L If"* Am Metals 34% 34% 34% 34 Am Smelt 65 0 65 % 65V* 65"Anaconda 33 32 0 32 0 33 0 Cal & Hecla 70 70 70 7 * Cerro De Pasco.. 53 53 53 53 Granby 10 10 10_ 10-/, Gt Nor Ore 19 18% 18% 19 Howe Sound .... 56 56 56 56 Ins Copper 7% 7% 7% 7- a Int Nickel 49 0 49% 490 490 Kennecott Cop .. 35V* 35 .35% 35 a Mclntyre Mine . 450 45 45 45 , Park Utah .... 40 4'? 4040 Phelps Dodge .. 36 35 0 350 350 St Joe Lead ... 280 270 270 280 U S Smelters... 93 0 93 % 93 s * 93% Vanadium 25 0 25 0 25 0 250 Amusements— Fox Theat 270 270 270 27 Loews Inc 510 510 61% 510 Radio Corp .... 13 127* 127* 110 Paramount 110 11% 110 110 RKO 80 80 8 7a 80 Warner Bros. .. 13 127, 127* 12% Tobaccos— Am Snuff 67 67 67 66 Am Tobacco ‘A’ 997* 99% 9974 100 Am Tobacco ‘B .101 1090 1000 1010 Lorillard 24% 2374 237* 24 Phillip Morris . 690 69 697a 687a Reynolds Tob B 58 58 58 58% Atchison 760 76 76 76% Kails— AC Coast Lines 340 3374 34 3374 B Sc O 21% 20% 20 7 210 Can Pacific 13% 120 127* 130 Cll & Ohio .. 59 0 59’, 590 530 Chi & Gt W pfd 7 0 7 0 7*a 7%, C M It St P 20 20 20 27* C M & St P pfd 5 s * 50 5 % s', Chi N W .... 4040 4% 4% Dela & Hud ... 49 480 49 490 Del Lac & W . . 19'* 18% 1874 197, Erie . 150 157* 150 15V, Erie pfd .27 27 27 26 Va Gri North'n pfd 41% 41'4 41*4 42% 111 Cenftal 25'a 25', 250 25'* K C Sou 19 0 19 1 a 190 190 Lehigh Valley... IP, 11'a 110 110 M K & T 8 , 8' a 8 1 a 8 1 a MK & T pfd ... 24 23 0 237* 230 Mo Pac pfd ... 774 71a 70 70 N Y Cent . ... . 37% 37 37 370 N Y New Haven 5% 50 514 50 N Y Ont & West 6% 6% 6% 6% Nor Pacific 29 0 29 % 29 0 29% Penn R R 360 35%, 35% 36'* Sou Pac 34% 34% 34% 35 Sou R R 180 18', 18', 180 Union Pac .128 128 128 1287, West Maryland.. 1! 10’* 10% 10’* Equipments— Am Brake Shoe 50'4 50 50'* 50'4 Am Car & Fdy 137 137 137 137% Am Loco .. 300 30 30 30 Am Steel F'dy ..310 31 31 310 Bald Loco . ~.. 5% 50 50 50 Gen Elec 41% 40’* 41% 410 Gen R R Sig ... 47‘a 470 470 460 Pullman Inc ... 46% 46 46 47% West Air Br ... 40 390 39’4 40 Westingh Elec . 1180 117% 1177* 119!, Utilities— Am &: For Pwr 8% 80 80 B*4 Am Power Lit 100 10 10 100 AT&T 1740 174 174 173% Am Wat Wks .. 23 0 22 0 22*4 23 Col Gas A- Elec . 17% 17'* 17% 18 Comm & Sou ... 40 4', 4% 4% Consol Gas . 36’* 360 36% 36% Elec Pwr & Lit . 100 100 10% 10% Int Hydro Elec 40 4'* 4% 5 Int T * T . 17', 170 170 170 Nat Pwr A- Lit . 120 120 120 120 North Amer .. 29** 29** 29'* 290 Pac G A E ... 35 0 35 0 35 0 35% Peoples Gas ... 47 47 47 470 Pub Serv N J. .. 470 . 47% 57% 570 So Cal Edison . 27 0 27 0 27*, 270 Stone & Webster 17% 17 s * 17% 170 United Corp.... 80 8% 8% 8% Un Gas Imp . 180 18% 18’* 18% Ut Pwr A- Lt ‘A’ 6 50 5% 50 West Union .. 92 1 4 910 9P, 93 Rubbers— Firestone 32 0 32 0 32'* 320 Goodrich 20 0- 20 20 20% Goodvear 29% 29 0 29 % 290 U S Rubber 210 210 210 210 U S Rubber pfd 62’* 62 62 62', Miscellaneous— Allis Chalmers .45 0 45 % 45% 45*, Am Can .120 119 119 120 Am Mach & Fdy 27 26 27 27 Brklyn Man Tr 45 45 45 45 Burroughs Add .33 32*4 320 32 0 P I Case 102% 108 108 109 Conti Can ... 78'* 77*4 77*4 780 Caterpillar Tract 68'* 68 68 68 Curtis Pub 200 20'4 20 1 4 21' Eastman Kodak 157 157 157 157 Foster Whevler . 37v 37% 371; 37 Gillette 170 17*, 17*, 170 Glidden .. 500 50', 500 500 Int Bus Mach 178 178 178 178 Inter Harv .... 66** 66 0 66 0 67 Natl Cash Reg . 280 28', 280 ’*% Owens Bottle ...146 0 146 0 146 0 146 Rem Rand . 22', 21 % 22% 21’, Worthing'n Pmp 32 310 310 32 Foods— Am Sugar 54 54 54 54 Armour . 6% 6% 6% 60 Armour 60 pfd 83 83 83 820 Borden Prod . 29 28% 28% US’, Cal Packing . 35 35 35 35 Canada Dry GAI4 0 14 0 14 0 140 Coca Cola . 95 94% 940 950 Cont Bak A”... 130 130 130 13% Corn Prod .. 70’, 70', 7:0 700 Cuban Am Sugar 100 10 s , 10*, 10% Gen Baking ... 120 120 120 120 Gen Foods 33*, 33*, 330 33', Gold Dust 190 190 19 0 190 G W Sugar 33% 330 330 33% Loose Wiles *3O 43 % 43% 43 Natl Biscuit ... .50 340 340 350 Natl D Prod ... 23 22% 23 220 Std Brands 15’, 15*, . 15’, United Fruit ... 740 740 74’i 75% Retail Stores— Allied Store* . 7% 7*, 7% 7*. Assd Drv Goods 14% IV. 14’* 14’, Best it Cos ..... 500 SCO 500 500

FRIDAY, FEBRUARY 14,1936

COMMODITY AND TRADE TRENDS CHARTED

First Natl Stores 450 450 450 45 Jewel Tea 750 750 750 75 Kresge S S 24% 24 0 240 24 0 Macy R H 46’* 46 46 47 McLellan St ... 130 130 130 130 Marshall Field .. 1% 11% 110 110 May Dept St ... 50’,2 500 50'% 50 Mont Ward 39 0 39 0 39'/* 390 Safeway St .. 234 33% 34 34 Sears Roebuck .. 64% 64 % 64% 65 Woolworth 53% 53 0 53 0 54'/, Aviation— Aviation Corp .. 60 60 60 60 Boeing Aircft, ... 26V* 250 250 250 Curtiss Wright . 5V* 5 SV 4’* Curtiss Wright A 16'* 160 160 16 Douglas Air .... 750 74 0 75',, 730 Nor Am Av .... 8 8 8 8 Sperry Corp .... 22 0 21V* 21V* 220 United Ail-ct new.2lo 31V, 31V* 31V, Chemicals— Allied Chem ..167 166 166 1680 Am Can Alco . 280 280 280 28% Com Solvents .. 21 20 0 21 20% Du Pont 148’,* 148 0 148’/* 148’* Liquid Garb ... 39 39 39 39 Math Alkali .. 320 32 0 32% 32** Monsanto Chem 95 0 95 0 95 0 95 0 Natl Dis (new) 29 29 29 29V* Schenley Dist . 46% 460 46% 46‘ * Tex Gulf Sulph 37% 37% ,37 0 370 Union Carbide 81 80 0 890 800 U S lnd Alco. 4040 4040 Drugs— Bristol Myers .45 0 45 % 450 45'? Coty Inc 6V* 6% 6'/* 6 lambert 24% 24% 24% 24% Lehn & Fink ... 14% 14V* 14'/* 140 Sterling Prod .. 66% 66 0 66'/* 660 Ull Drug (new).. 15V* 15 15 15V* Financial— Adams Exp 13 13 13 13 Allegheny Corp ..4V* 4 4 41^ Am Int Corp ... 120 120 120 12', Chesa Corp 72 72 72 720 Lehman Corp .. 98’* 98% 98% 98% Transamerica .. f3' 13V* 13'/* 13 Tr Conti Corp.. 11'A 110 11'/* 11 % Building— Am Radiator..., 240 24% 24 0 24% Gen Asphalt ... 33% 33 % 330 33% Holland Furance 41 % 40% 40% 400 N. Y. Bonds (Reprinted From Late Timas Yesterday) DAILY BOND INDEX •20 20 20 60 Inds. Rails. Util. Bonds. Today 93.1 94.1* 105.4 97 6* Yesterday 93.1 93.5 105.6 97.4 Week ago 93.1 92.2 105.0 ’96 7 Month ago 93.0 88.6 104.5 95.3 Year ago 86.6 82.7 93.3 87.5 1936 high 93.1 93.5 105.6 97.4 1936 low 91.6 84.7 103.5 93.3 *New high. (Copyright, 1936, by Standard Statistics) U. S. GOVERNMENT BONDS (By Abbott. Proctor & Paine) Treasury* Prev. ~ Close, close. 4 '/,S 1943-45 115.23 115.24 4s 1944-54 111.19 111.21 3%s 1946-56 109.25 109.22 30s 1940-43 107.31 107.30 30s 1943-47 107.0 107.2 3%s 1941-43 108.14 108.16 3%s 1943-45 106.18 106.16 3 Vis 1944-40 106.7 106.6 3Vi s 1946-49 104.8 104.10 3%s 1949-52 104.11 104.10 3s 1951-55 103.7 103.10 3s 1946-48 103.19 103.17 20s 1955-60 100.20 100.*9 20s 1945-47 101.22 101.21 Home Owners Loan Corp. 20s 1949 100.5 100.3 3s 1952 101.11 101.10 Federal Farm Mortgage Corp. 3Vis 1964 103 103 3s 1949 101.23 101.20 3s 1942-49 102.11 102.6 0s 1947 100.23 100.22 Domestio Prev. Close Close Alleg Corp 5s '44 960 960 Alleg Corp 5s ’49 '. . 93'/, 93 Alleg Corp 5s ’SO 75% 75 Am Frgn Pow 5s 2030 82 Va 800 Am Tel & Tel 50s ’43 1130 113’, Am Tel & Tel 5s ’65 113'/, 113 V, Arm & Cos iDeli 50s ’43 96% 97 Atl Coast Line 4s '52 990 990 Atl Coast Line 40s ’64 87’* 87% All) Wat Wks 5s '44 1120 1120 Am Rolling Mills 5s '3B 132% 132 Balt & Ohio as ’95 97 % 87 0 Balt & Ohio 6s '95 96% 94% Balt & Ohio 40S 60 . 740 74'a Buff Roch & Pitt 40s ’57 81% 800 L'alh Steel 5s ’36 1050 105V* Chi MilW &StP as ’75 240 240 Chi Milw & St P 5s 2000 9'., 9V Cleve Un Term 5s 'l9 105 1040 Cleve Un Term 40s ’77 99 970 Col Gas 5s May ’52 102% 1020 Col Gas 5s April ’52 102% 102% Col Gas 5s ’6l 101', 1010 Can Pac Perp 4s 94V, 93% Cent Pac 5s ’6O 99 98% Big Four 40s ’77 92% 91°8 Big Four 5s '63 98', 98_ Colorado <fc So 4%s ’BO 78 0 76% Chi & West lnd 4s '52 103% 103% Chi k West. Ind 50s 62 107% 107 Chi & Nor West 40s ’49 150 16% Chesa Corp 5s 47 1330 1330 Con Gas 5s ’57 104’* 104’* Del <k Huds 4s '43 87’* 870 N Y Dock 5s '3B 70 67 Erie 5s ’75 820 81 Erie 5s '67 82 0 81 % Gen Cable s'is ’47 103% lf|4o Grt North 7s ’36 1020 102'* Grt, North- 4'_,s ’76 1010 101% Grt North 4%,s ’77 101% 101 Gen Stl Cast WW 50s ’49 ... 97 0 970 Hud <fc M'anhat Ref 's ’57.... 870 860 111 Cent 40s '66 760 76 111 Cent. Jt 4%s '63 85 810 111 Cent 5s '63 89 850 Interlake C tr. I 5s ’sl 97'* 96% Interntl T A* T 40s ’39 99 0 98'* Internti T&T 5s '55 94'* 940 Interntl T * T 40s '52 91% .91** P. Lorillard 7s ’44 132% 131% McKess A- Rob 50s ’SO 103'-) 104 Natl Dairy 5%s '4B 103% 103% Natl Steel as '56 106% 106% Nickel Plate 40s ’7B 85 84 Nickel Plate 50s ’74 95>.4 95 Nickel Plate 6s '3 105 105% N Y Cent as 2013 93’* 92% N Y Cent 40s 2013 iold) 87% 87 Nor Amer Cos 5s '6l 104’* 104 0 Nor Pac 3s 2047 78'* "80 Nor Pac 40S 2047 100% 99% Nor Pac 6s 2047 11l 110 Nor States Pow 5s '4l 1056 1*95 0 New Orleans Term 4s ’53 Si'* 91 Otis Steel 6s '4l 102% 1020 Penn Rv 4%s ’B4 108 108% Pvnn Rv 4%s ’7O .102'* 102% Penn Rv 40s ’7O 1020 1 - Pac G & E 5s '42 104 104 Portland Gen El 40s '6O 790 78', Para Publix 5 o>s 'SO 94’* 95 Penn P & L 40s 'Bl 107 196% Postal T & C 5s ’53 40 0 40'* Rem Rand WW 50s ’47 1 1 30 1110 Sou Pac 4%s ’6B 89 89', Sou Pac 40s ’Bl 88% 880 Sou Pac 40s ’69 880 880 Sou Pac 4s 49 89', 890 Sou Rail 4s ’56 67 65% Sou Rail 6s ’56 83 81% Sou Rail 60s ’56 86 850 Texas Pac 5s ’BO 102 101', Texas Pac 5s ’79 1910 101'* Texas Pac 5s ’77 102'* 102 Union Pac 4s ‘47 ...112'* 112'* United Drug 5s ’53 101', 101'* U S Rubber 5s 104’, 1950 NYN H & Hart (¥’4B 400 390 N Y N H & Hart *)S 67 39 0 40', Warner Bros f '34 98 97%-. Western Marv 60s '77 107 0 107 0 Western Marv 4s ’52 99 0 100 Youngstown SAT 5s '7O 1050 105 Youngstown SScT 5s '7B 105 0 105 FOREIGN Argentina A 6s '57 98 97 s * Argentine B 6s 58 97 s * 97 0 Brazil 8s '4l 320 33 Canadian Govt 4s '6O 108', 108 Denmark 50s ’55 101', 10014 French 7s '49 1810 German 50s ’65 28 28 Italy 7s ’sl 63 630 Japan 50s ’54 98’, 98’, Rome 60s '52 560 56 Tokie City 50s 61 *2O 82 Yokohama 6s 61 87 0 880

Int Cement 43"i 43% 43'/* 430 Johns Manville .120 119'% 120 119 Libbv Owens Gls 57% 57% 57% 58 Otis Elev 27% 27 0 270 270 Household— Col Pal Peet ...190 190 190 190 Congoleum 43 420 43 420 Kelvinator 18 V* 18 V* 18'/* 18 V* Mohawk Carpet. 24 24 24 23% Proc & Gamble 460 45'% 45% 46% Servel Inc 19'% 19'% 19'% 190 Simmons Bed.. 24V* 24 24 230 Textiles— Amer Woolen ... 10% 10'/* 100 1014 Belding Hem ... 140 * 14% 140 14% Gotham Hose .. 110 11% n% n% Indus Rayon ... 30% 30% 30 0 29% Real Silk 150 150 150 15'% Chicago Stocks (By Abbott, Proctor & Paine) 11:00 Prev. _ , „ A. M. Close Berghoff 8V 8 Butler Bros B’/* 8% Chicago Corp 5'% 55/, Cities Serv e ~ 6% Coni Edison 104 105 Conti Steel 41 41% Cord 60 60 Crane 27'% 27 5 ,* Elec House 160 16% Grt Lakes Dredge 29 29% Iron Fireman 30 30'% Noblitt Sparks 34 340 Quaker Oats 136 136 Swift 240 24'/, Swift Int 33% 34‘% Zenith 15% 150 New York Curb (By Abbott, Proctor & Paine) 11:30 A. M. Prev. ~ N. Y. Close Alumn Cos of Am 106 106 Am Cyanide “B” 36'/* 35'% Am Superpower 30 3% Atlas Corp 15'/* 150 Axton Fisher Tob 55'% 55'/, Can Indus Ale "A” 110 110 El Bond <te Share 20'/* 200 Fisk Rubber 80 80 Ford of Can “A" 25 25% Imperial Oil Ltd 230 24 Lake Shore Min 570 57% Nia Hud Pwr 100 10% Pan Am Airways 54'% 54% Penn Road s'/4 5'% Money and Exchange INDIANAPOLIS STATEMENT Cleanings $3,233,000 Debits 7,652,000 TREASURY STATEMENT (By United Press) WASHINGTON, Feb. 14.—Government expenses and receipts for the current fiscal year to Feb. 12. compared with a year ago: This Year. Last Year. Expenses .$4,506,654,972.50 *4,257.984.180.55 Receipts... 2.227,292.335.14 2.175.016,787.54 Deficit .. 2.279.326.637.36 2.082.937.392.91 Cash bal . 1.885.624.125.51 2.201.711.731.23 Chicago Grain Futures (Bv James E. Bennett & Cos.) Prev. Wheat— High. Low. A. M.- close. May 98 .970 .97% .98 July 89 0 . 880 .89 .88 0 Sept .88'/* .870 .88'/* .88 Corn— May 61V* .60% .61 ’4 .61 July 610 .610 .610 .610 Sept 61'% .610 .61% .61*% Oats— May 6114 .60’/* .61V* .61 July 610 .61% .610 .610 Sept 61% '.610 .61% .61'% Oats— May 29 .28’/* 29 28’/* Sept 27% .270 .27% .270 RveMay 58'% ,58 V* .580 .58'% •July 57% .57% .57% .57% Sept 56’% .56% ,56V* .56 Produce Markets The prices quoted are paid for stock gathered in the country, while deliverea in Indianapolis the price is a cent higher Heavy breed hens. 13c: Leghorn breed hens, 13c: Leghorn springers, 12c; old stags. 13c: old cocks, 9c. Ducks, white. 5 lbs. and over, 11c: geese, full feathered, all sizes. 10c; all guineas. l’% lbs. and up, 15c: No. 1 strictly fresh eggs, loss off. 23c. Each full case must weigh 55 lbs. gross, a deduction of 10 cents a pound under 55 lbs will be made. No. 1 butter. 39®?40c: No. 2. 3fifr: 37c. Butterfat. 34c. Quoted by the Wadley Cos. (By United Press) CHICAGO. Feb. 14.—Eggs—Market, firm: receipts 5168 cases; fresh graded firsts, 32c; extra firsts, 33c: current receipts, 32c: dirties. 28c: checks. 26c. Butter— Market, firm: receipts, 9050 tubs; extra firsts (90-910 scorei, 35%c; evtras 192 score 1. 36c; firsts 188-89'% score). 34'%® 35c: specials. 36'%®37c; standards. 36c. Poultry—Market, unsettled; receipts. 13 trucks. 1 car due; ducks, 18®23c: geese. 18c: spring chickens. 24@25c; hens. 17® 21c: turkeys. 20® 23c; capons. 25®26c: Leghorn hens. 14®19c; old roosters, 17c; broilers. 23%®.25c. Dressed poultry— Turkeys, young toms, 27c; young heps 27c: capons. 27®30c. daisies. 15'%®15%c; Longhorns. lo%® 16c. Potatoes —Supply light: demand light: market, steady. Idaho Russet Burbanks. 51.95®2.05: U. S. No. 2. *l4o® 1.50; Wisconsin Round Whites, *1.40; commercials. *1.25: Minnesota cobblers. *l.lO- - McClures. *1.65® 1.75: Nebraska Bliss Triumphs. 51.50frt1.55. Arrivals. 60; on track, 125; shipments, 894. G. E. MANAGER NAMED Timet (special CHICAGO, F’b. 14.—A. H. Kahn has been appointed district manager of the General Electric Supply Corp.. Chicago, effective Jan. 1, J. L. Busey, president, announced today.

1 Indpls. Power & Light Cos. newton Q a || gl /2% and 6% Pfd. rnnn 415 LEMCKE BLDG. lUUU

WE BUY AND SELL Indianapolis Railways, Inc., s’s Traction Terminal Corp. s’s Terre Haute Electric Cos. Preferred Public Service of Indiana Preferreds Prices on Application City Securities Corporation 417 Circle Tower Lincoln 5535

SEEKS LAW TO CURTAIL ABUSES IN BONO GROUPS •Protective Committees’ Are Subject of Probe by House Body. I ?;/ I'niterl Vrrtt WASHINGTON, Feb. 14.-Adolph J. Sabath, chairman of the House real estate bondholders investigating committee, said today he would press for legislation at this session to curb abuses uncovered by his in-; quiry. Mr. Sabath also will seek a further appropriation of $50,000 with which to wind up the extensive in-: quiry. This program was revealed as a report on hearings conducted by Rep. J. Mark Wilcox <D., Fla.), member of the committee, was made public. Mr. Wilcox headed a section of the inquiry covering protective committees for holders of municipal, county and district bonds. He stressed the nead for government control over such bondholders “protective” committees. Operate Without Control “The committees now operating throughout the country,” Mr. Wilcox said, “are self-constitutad, self-ap-pointed organizations who operate entirely without any supervision or control, charging whatever compensation they may wish to charge and taking whatever action they may desire to take.” Mr. Wilcox pointed out that the committees, although operating for bonds of government units located all over the country, ware composed almost entirely of individuals resident in New York City and one or two other large centers. “The need for supervision and control of these committees is more readily understood by a comparison of their powers and activities with those of national banks,” Mr. Wilcox said. Other Livestock (By United Press) CHICAGO. Feb. 14.—Hogs—Receipts, 6000. including 2000 directs; unevenly steady to 15 cents higher than Thursday’s average; top $11.15; bulk desirable liO--250 lbs.. *10.90® 11: numerous loads early $11.10; 260-350 lbs., mostly $10.60®%0.90; best sows. $lO.lO. Cattle —Receipts, 2500; calves, 500; weekend market on better grade steers with weight more active; generally strong to 25 cents higher; several loads grading good and choice here, these selling at $9.50 upward to sll and better; strictly chioce medium weights topped at $12.40; next highest prices $11,85: lower grade heavy and lignt steers generally steady; such kinds selling mostly at $9 downward; all she stock generally steady; vealers 50 cents to $1 lower in last two days; mostly $12.50 down. Sheep—Receipts. 12,000: lat lambs slow: most bids 15 to 25 cents and more lower; little done on sheep: indications steady; good to choice lambs bid slo® 10.25: now held $10.50 and above; scattered native ewes, s4®>4 75. LAFAYETTE. Ind.. Feb. 14.—Hogs—Market. 25c to 40c higher; 170-210 lbs., $10.90 ®sll; 210-235 lbs.. $10.75® 10.85: 235-260 lbs.. slo.6ofr) 10.70: 260-325 lbs.. slo® 10.50; 140-170 lbs.. $10.25® 10.50; 100-140 lbs.. *9.50® 10: roughs. $9.50 down; calves, $11.50 down; lambs, $10.25 down. FORT WAYNE. Ind., Feb. 14—Hogs—20c higher: 160-180 lbs. $11.10: 180-200 lbs., $11: 200-225 lbs.. $10.90: 225-250 lbs., $10.70: 250-275 lbs., $10.60: 275-300 lbs.. $10.45; 300-350 lbs., $10.20: 140-160 lbs.. $10.60; 120-140 lbs.. $10.35; 100-120 lbs.. $10.10; roughs, 58.75. steady; stags, .$7. steady: calves, $12.50, steady; lambs, $lO, steady. (By Times Special) LOUISVILLE, Feb. 14.—Cattle—Receipts. 350; including about 100 billed through and direct; salable supply light quality rather Dlain; market, generally steady; bulk common to medium steers and heifers, $5.75®:7.50; some plainer kinds down to $5.50 or less; better finished steers quotable upwards of $8.50; bulk beef cows. ss® 5.75; practical top. $6; low cutters and cutters. $3.50® 4.75: bulk sausage bulls. •$5fr)6.25: best heavies quotable higher; light beef type stockers and stock calves. $6(38. Calves—Receipts. 300; including 50 stock calves; market, steady: bulk, good to chocie vealers, $11®12; medium grades. s9® 10; plainer grade selections, $8.50 down to $5 or less for light culls. Hogs I —Receipts. 500; 25c higher; top and bulk desirable, 160-225 lbs., sll 10; 230-250 lbs., $10.80; 255-300 lbs., $10.25; 305 lbs. up. $9.80: 120-155 lbs.. $10: sows. $9.05. Sheep ■ —Receipts, 50; steady; desirable native lambs. so® 9 50; plainer grades mostly $6.50 ® 8.50; la' ewes mostly $4 down; weather. $7. SCHWITZi-R-CUM MINGS TO BUILD ADDITION $25,000 Structure to Be Erected, Officials Announce. A $25,000 addition to the plant of the Schwitzer-Cummings Cos., manufacturers of fans, stockers, pumps and machine products, is to be constructed as soon as weather conditions permit, company officials announced today. The building, a two-story structure, will be erected on the site adjoining the main factory at 1125 Massachusetts-av, and will house machinery and equipment. Con- ! struction of the addition has been made necessary because of the overcrowded condition of present plant capacities, officials stated.

Your Local Building & Loan Association Makes Modernization Loans and Loans on New Homes.

_A~ Commercial Banking Savings • Trusts , American National Bank AT INDIANAPOLIS

New Orleans Port Ranks Second Neve Orleans ranks second to the Port of New York in value of exports and imports during the first eight months of 1935, a recent survey discloses.

Busigraphs

INDUSTRIAL STRIKES (U. S DEFT. OF LABOR) 20001 —— —— tn >* r”i * n x 1500 - iV* ) . Q D moo , - -|- s n„ n n § i"nrrnr I : : i! | li ■; J * ■"!' 1929 1930 1931 1932 1933 1934 1935 THE PARKER CORP. GENERAL DISTRIBUTORS INCORPORATED INVESTORS

Although the trend of industrial strikes has been decidedly upward during the last three years, the situation is not alarming. In this period of a business cycle we normally expect more strikes. Perhaps the increase is part proof that this business cycle is acting, on the whole, in a normal way, even though drawn out in point of time. The strikes which occurred last year resulted in the loss to the working man of more than 15 million mandays.

SWINE MARKET RISES SHARPLY Prices Generally 25 to 35 Cents Higher; Cattle, Lambs Steady. Influenced by the second consecutive session of extremely light receipts, porker prices turned 25 to 35 cents higher at the Indianapolis Union Stockyards today. The sharp advance carried the top price of good and choice grades to $11.25, a new r high level for the current year. Reports of light shipments from i 1 leading livestock centers throughout the Midwestern district also aided the local market, increasing outside interest. Receipts were estimated at 2000, same as in the preceding session. The bulk, 160 to 225 pounds, cashed in at $11.15 to sll 45. Holdovers numbered 124. Medium heavyweights, scaling 260 to 300 pounds, brought $10.65 to SIO.BO. Extreme heavies, from 300 pounds and upward, sold at $9.75 to $10.50. Lightweights, from 130 to 160 pounds, ranged from $10.25 to $10.75. Packing sows held at $8.75 to $9.50. A week-end cleanup trade prevailed in the cattle market, with only a few low-grade heifers available. All choice kinds were absent. Most heifers were valued to sell at $7. Cows were steady to strong, selling at $5.25 to $6.50. Receipts numbered 200. With a strong demand prevailing in the veal market, prices were largely $1 higher. The bulk of good and choice grades sold at sl3 to $13.50. Receipts were 200. Trading was undeveloped in the lamb market and early indications v/ere steady. Odd head of natives ranged upward to $10.50. Slaughter sheep held at $3.25 to $5. EARNINGS SHOW GAIN CHICAGO. Feb. 14.—Shawinigan Water and Power Cos. reports net earnings of $2,541,966 for 1935, compared with $12,504 for the preceding year.

Inquiries Invited Relative to All Our REAL ESTATE ISSUES Breed, Elliott & Harrison Established 1912 Circle Tower Riley 2561

Thomson & McKinnon MEMBERS NEW YORK v T es v v rHU’iCO York Stock Exchange. * New York Curb Exchange. TORONTO 1| New York Cotton Exchange. BOSTON York Coffee and Sugar Exchange SOUTH BENI) • ypvr or,cans L’otton Exchange. FT WAYKF Chicago stock Exchange mrivoimi r Chicago Board of Trad# E> ANSYILLE Winnipeg Grain Exchange Indianapolis Office And other leading Exchange* 200-214 Circle Tower LI. 5501

r—WE BUY. SELL, and gladly furnish quotations on: Bondt of the United States Government, Its Territories and Insular Possessions Home Owners’ Loan and Land Bank Bonds Indiana Municipal and Corporate Securities General Market Securities Indianapolis Bond and Share Corp. 129 CAST MARKET STREET

m

HOUSING STAND OF FHA HEADS IS CRITICISED Mortgage Insurance Plan Will Not Work, Is Contention. />(/ T'nilril Vrrtt WASHINGTON, Feb. 14— Rep. Henry Ellenbogen (D„ Pa.) contended today that adequate housing for low income groups could be provided only by government subsidy, Mr. Ellenbogen is sponsor of a low-cost housing measure which would provide such a subsidy. He took issue with Federal Housing Administration officials for “attempts to create the impression that, its mortgage insurance plan can to any substantial extent remedy the present housing shortage for persons of low income.” Cites Purdue Study Mr. Ellenbogen cited results of r. housing study made by Purdue University to support his contention. He quoted this study as stating that “no amount of effort in the field of Joosened credit for npw building and home mortgages can give rise to an era of sound residential construction when it is impossible to build houses which peopls can afford to live in and pay for.” The survey showed. Mr. Ellenbogen declared, that 35 per cent of American families could not afford a $2500 house. 53 per cent could not afford a $3400 dwelling. 66 per cent could not afford a $4200 house and 75 per cent found a SSIOO dwelling beyond their reach. LOCAL CASH MARKET City grain elevators are paying 92 rent* for No. 2 soft wheat. Other grades on their merits. Cash corn new No. 4 vellow 50 cents and oats 21 cents.

©UR MEN Yes, indeed we’ve good reason to bs excited about our bus and trolley operators. They had 24% less accidents in 1935 than in 1934—despite heavier traffic on the streets. These men who pilot the cars and buses make safety a habit every day—that’s why we haven't had a passenger fatality in ten years—that's why you're safer inside a trolley or bus than anywhere else in the street. RAILWAYS

CAREFREE TRAVEL Thru our Travel Service you visit the scenes of your choice, via the scenic routes that lure you, without a travel worry! Just as the President travels with evert - hotel, railroad and expense detail provided for ahead, so you travel, thru our service. Carefree! At no incieased expense! The UNION TRUST COMPANY TR A V El, DEPARTMENT I7fl E. Market M. Rl. VHt