Indianapolis Times, Volume 47, Number 293, Indianapolis, Marion County, 15 February 1936 — Page 11

Trends Arms Increase as Naval Parley Continues. BY JOHN T. FLYNN

NEW YORK, Fob. 15.—Reports from London give the impression that the naval conference is reaching some sort of agreement and that, in some way, this agreement has a relation to the worldwide prayers aaginst war. If the agreements are finally signed the naval conference will be called a success. But when this

hapens Americans who are in earnest about peace may well ask themselves what success means for world peace. In essence, four great powers England, the United States, France and Italy—bind themselves for five years not to build any more cruisers of more than 8000 tons. Also they make certain minor limita-

Flynn

tions on aircraft carriers and submarines and upon the size and caliber of naval guns. But the reader must see how little all this has to do with disarmament. It is merely an agreement under which the treaty powers enter into certain rules and regulations of the game of war. a it a THEY agree not to use a cruiser of more than a certain size, just as a lot of league baseball clubs might agree not to use a ball of more than a certain size. These conferences do certainly illustrate the hopeless futility of arriving anywhere in the age-old struggle against the menace of war by means of disarmament. Os course, Americans and lovers of peace should work, for disarmament. Some day it may be attained. But while the disarmament conferences go on, armament conferences themselves become merely rules committees for establishing the pace by which they will increase. tt a o THE agreement reached at London is in fact one to increase armaments. None of the powers involved has as many cruisers as they are permitted under the agreement. Hence they will now go forward to increase that supply of weapons. Disarmament, of course, means disarmament, not a mere regulation of the pace and character of armament. And while the agreement may have some advantages, they have nothing to do with disarmament. The American government is now building war vessels as fast as its shipyards will permit. The treaty will make no change in these plans. The President is committed to a contiuance of building. And at the very moment when the agreements are being reached in London, the chairman of the Foreign Relations Committee of the Senate Is calling for a bigger and more powerful Navy, in which, of course, he is actively supported by Ihe Secretary of the Navy and quietly by the President of the United States. There are four routes favored against war. One is disarmament. Another is international agreements—like the League of Nations, the Kellogg Pact, the World Court, etc. Another is the reorganization of the economic system of the world, which would mean worldwide revolution. The fourth is a national one— American neutrality and a foreign policy completely free of foreign designs. All save the last have been tried and have proved vain. Now America turns her back on the last. On Commission Row (Rrprintfd From I.ate Time* Yysterdav) (Quotations tvlow subject to change are average wholesale prices being offered to buyers by local commission dealers.) FRUlTS—Strawberries: Florida, pint, 20c: 36-pint crate, 13c. Cranberries, C. C. Howes, Eatmores, 25-lb. box, $3. Pears: Washington D'Anjo (100s box'. $3.25; Washington Bose iloo-120s>. 53.25: California Avacado t2OO-245). $3.50. Grapes: Extra Fancy Emperors 1 34-lb. satvaust chest), $3.50. Limes: Mexican (carton 12s', 25c: Persian seedless (doz). 45c. Dates: Fresh Arizona, $1.50. Bananas, seven hands, pound. sc. Apples: Delicious (fancy baskets', $1.75: Jonathans. $1.50; Crimes Golden. $1.25 Rome Beauty. $1.65. Lemons: Sunkist i36os). $6. Grapefruit: Texas seedless <s4s-965). $3.50: Arizona Sunkist 1 80s', $3. Tangerines, Florida (120s, 1445. 168s), sl.7b. VEGETABLES Artichokes. California fdoz t. $1.25. Beans, green, round stringless (hamper''. $3.25. Beets: Texas (3 doz. crate'. $1.50: cut offs (bu.). SI Brussels Sprouts, California iQuart'. 20c. Cabbage, New York Danish < 50-lb. bag', 90c: New Texas (crate) $1.50. Red cabbage 1 50-lb. bag), $2: Carrots. California (6-rioz. crate'. $3 25; Texas i.%-doz. crate). $1.75; (bushel). $1.50 Cauliflower. California (12s crate). $1.75. Celery. Florida washed and trimmed (doz). 60c@ $1 05: Florida (4s, 6s. Bs. 10s crate), $3.85. Cucumbers, hothouse (doz.) $1.35; southern (bushel), $6. Egg Plant. Florida (doz.), $1.50. Kale (Virginia bushe). 90c. Lettuce. Iceberg Arizona (best 4s. ss). *3 25: home grown leaf (15-lb baskets) *lls. Endive. California (doz.). 90c. Penpers. mangoes (crate). $5. peck basket. *1.40: (doz). 50c. Mint, hothouse (doz.). 75c. Mushrooms mound). 30c Mustard. Texas (bushels). *1.35 Onions —lndiana yellow (50-lb. bag). $1 35: Indiana yellow (10-lb. bag'. 28c: Western Spanish (50-lb. bag), *1.75: Ovster plan* home grown (doz.). 40c. Parsley, southern (long bunches doz). 50c. Parsnips, home giown washed (bushel). $1: (half-bushell. 60c. Peas. Florida (hamper). *3 Potatoes. Michigan Round White 1 100-lb. bag'. *1.90; Maine Green Mountains (100-lb. bag). *2 50; R. R Earlv Ohios (100-lb. bag). *2; R. R. Cobblers (100-lb. bag). *2: Idaho Russets (100-lb bag. *2 50: Idaho bakers (70s box, *2 40: Col. McClures (100lb. bag). $2.25; New Texas Triumphs (50lb. bag). $2 15. Sweet potatoes. Indiana Jerseys (Is bushel. $1.50: mediums (bushel). $1: Tennessee Nancy Halls (hamper). *1.15: Southern Porto Ricans (bushel crate). *1.50. Radishes, home grown buttons (doz.). 45c: white. 40c Rhubarb hothouse (bunch). 50c Rutabagas. northern . 50-lb. bag). 85c. Sage (doz.). 45c. Shallots. Louisiana (doz>. 45c. Spinach. New Texas (bushel). *1.15. Tuhnlps. home grown washed (bushel) *1.50 Tomatoes, repacked (10-lb. box). *1.40; original Cuban <3O-lb. lug). *3. Chicago Grain Futures (Reprinted From Late Times Yesterday) Prev. High Low Close Close WheatMay !>*% .97% .98% .98 (Silly *% 88% .89% .88% Sept 88% .87% .88% .88 CornMay *l% .60% .61 % .61 July 62', .61% .62% .61% Sept 62' .61% .62% .61% Oats— May JP% .28% .29% .28% July 28% 28' 2 28%a .28', Sept 28 .27% .28 .27% RyeMay 58% .58% ,58%a .58% July 57S .57i* .57!, .571, Sept 57%b .56 BarleftaP May 43' sn .43% LordMarch 10 95b 13 92 May 11.03 11 00 11.00 11.00 July ...... ... 10 f 9S 10 93 10.95a 10.90 aAslt. bßid. uNomlnal,

AAA PREPARES TO MAKE CROP PLAN PAYMENT Action Follows Approval of Resolution Providing $296,185,000. Timm Special WASHINGTON, Feb. 15.—The Agricultural Adjustment Administration today was taking the first steps looking toward payment of obligations to farmers growing out of the production adjustment programs under the act, Chester C. Davis, administrator, said today.

This action follows approval by President Roosevelt of the House bill which provides $296,185,000 to make payments to producers for performance in connection with the adjustment programs. Appropriation and authority for payment from Congress was necessary because of

£2

the Supreme Court’s decision declaring control provisions of the AAA unconstitutional. Work Begun Immediately “The work, which must be done both here and in the field before the payments can be made, began immediately after we were notified that the President had approved the measure carrying the required funds,” Mr. Davis declared. “Employes in the field and producer groups associated with the programs have been notified to resume the task of checking compliance and assembling other data needed to carry out the direction of Congress,” he said. In addition to the appropriation of $296,185,000, the bill carried authority for cotton price adjustment payments to cotton producers. New Plan Explained The cotton price adjustment payment plan, designed to compensate producers of the 1935 crop, is financed under Section 32 of the AAA which set aside 30 per cent of the annual customs revenues to be expended for the benefit of agriculture. The cotton price adjustment payment plan was predicated upon cooperation by producers with the 1935 cotton adjustment program and their pledge to co-operate in the 1936 program. The Supreme Court ruling necessitated revision of the requirements. The new plan provides for payments to all producers, upon application, on their actual production up to the amount of their Bankhead Allotment, of the differences between the price of %-inch middling spot cotton at the 10 designated markets and 12 cents on the day of sale of the cotton, but not to exceed 2 cents a pound.

CORN GRIND INCREASES Eleven Refiners Handle Total of 6,043,000 Bushels in Week. Times Special NEW YORK, Feb. 15.—A corn grind of 6,043.000 bushels for the domestic market during January, representing only a 5 per cent increase over the grind for December, was reported today through the Corn Industries Research Foundation by 11 refiners of starches, syrups, dextrins and other corn derivatives. Heavy, rising imports of duty-free foreign starches, including sago and tapioca continue to hold back the the demand for corn starches, used in the textile, paper, box-board, chemical and other fields. CURB SEAT VALUE UP Membership to Be Sold at $47,000, Highest Since 1935, Times Special NEW YORK, Feb. 15.—Arrangements have been completed for sale of a New York Curb Exchange membership at $47,000, an increase of $4,500 from the previous transaction, and the highest since 1933, it was learned today. The New York Stock Exchange reported the sale of an exchange seat at $173,000. This, however, was unchanged from the previous transaction. REFINERY WAGES UP Times Special CHICAGO. Feb. 15.—Wages of petroleum refinery employes were increased by approximately $8,450,000 during 1935, accorning to the wage index of the U. S. Bureau of Labor. LOCAL CASH MARKET City grain elevators are paying 93 cents for No 2 soft wheat. Other grades on their merits. Cash corn new No. 4 vellow 50 cents and oats 21 cents.

Busigraphs

OUR EXF*ORTS <U.S.DEPT. or COMMERCtJ tWTTtirLJNUSrTHrTAST TEN YEARS AVESACE OF * _ the same months / v >„ 1 * __ 5 _l_ o 200 ZZ £ 2 Hjjgij i jr THfc RftRKER CORP. GENERAL DISTRIBUTORS INCORPORATED INVESTORS

Our December exports were the largest for any December since 1930, and passed the 1934 month by 31 per cent. However, the drop from November to December was greater than the usual seasonal amount. For the entire year 1935 exports were 7 per cent greater than in 1934, a gzin which was made almost entirely in the latter months of the year. Imports have gained faster than exports, so that our favorable balance of trade was less than hall that in 1934.

Abreast of The Times on Finance

i (Reprinted From Late Time* Yesterday) (By Thomson it McKinnon) I Prev. | Oils— High. Low. Close, close. I Amerada 83% 83 83 84 I Atl Rfe 33 '2 33', 53% 33% Barnsdall 17% 17 17% 17*2 Consol Oil 14 13% 13% 14 Cont of I>! 37% 36% 36% 37% Houston inewi . 10% 10% 10% 10-, Mid Cont Pet ... 20% 20% 20% 20% Ohio Oil 16% 16 16% 16% Pet Com 16% 16 16‘* 16',* Phillips Pet .... 44', 43% 44 43 ; Plymouth Oil ... 14% 13% 13% 14% Pure Oil 20% 20% 20% 20% Roval Dutch .... 55 54 54 55% Seaboard Oil ... 36% 35% 35% 35% Shell Un 17 16% 16% 17 Skellev Oil 26 25% 25% 26% Soc Vac 16 15% 15% 15% SO of Cal 46% 46 46% 46% SO of Ind 39*4 37% 37% 39% SOof N J 60% 59 Vs 59% 60 Texas Corp .... 34’ 2 34 34% 34% Tidewater Assn . 18% 18% 18V* 18% Un Oil of Cal... 27% 26% 26% 27% Steels — Acme Steel 72% 72% 72% 72' 2 Am Roll Mills .33 V* 32% 32% 33% Beth Steel 56% 55V* 56V* 5i% Byeri A M 25% 25 25 25% Cruc Steel 38% 37 Vi 37% 39 Inland Steel ..110% 110 110 110% Ludlum Steel .. 31% 31'/ 31 % 31/* Mid Steel 27% 25% 26% 26% Natl Steel 73 72% 72% 3,2 Otis Steel 18% 18% 18% 18,2 Rep Ir & Stl 24% 24'/* 24% 24% U S Pipe & Fdy 38% 38 38% 37% U S Steel 59 57% 58% 59 U S Steel, pfd. . 128% 128, 128% 129 Warren Bros ••• 6V 6 1 /* 6*/• 6/4 War Pipe &Fd 27% 27 27% 27 Young’wn S & Ts2*/ 51% 51% 52 Motors— Auburn 47 46'i 46% 47 Chrysler 97% So% 96% 96% Gen Motors ... 59% 59 V* 59% 59 .a Graham Mot ... 3% 3% 3% 3 2 Hudson 16% 15% 16% 16/* Hupp 2V* 2% 2% 2% Mack Truck ... 34% 33% 34% 34 Nash 1914 18% 19 18% Packard 9% 9% 9% 914 Reo 7 6 V* 6% 6% Studebaker ... 11 10% 10% 10% i Yellow Truck... 15% 15% 1514 15% Motor Access— Bendix 26’/* 24% 26 24% Bohn Alum .... 57% 56% 56% 57% Borg Warner ... 73 72% 73 73 Briggs l 57 56V* 56% 57 Budd Mfg 11% 10% 10% 11 Budd Wheel 13% 12% 12% 12% Eaton Mfg 30 ! 4 28% 30% 29 Elec Auto Lite .. 42% 40 42 40% Elec Stor Bat .. 53 52% 52% 52% Greyhound B’ . 78’/* 77% 7714 77Vi Houdailte 29% 28% 29% 28% Murray Body ... 20% 19 2014 1914 Stew Warner ... 20% 20% 20% 20% Timken Roll .... 71% 71 % 71% 71% Timken Det Axle 15% 15'% 15% 15Vi Mining— Alaska Jun ... 16% 16% 16% 16% Am Metals 34% 34 34% 34 Am Smelt .... 67% 65 66'i 65% Anaconda 34% 32% 3414 33% Cal & Hecla ... 8% 7% 8 7% Cerro De Pasco . 54% 52' 1 54 53 Dome Mines ... 49 48% 48% 48% Granby 10% 10 10% 10'/* Gt Nor Ore ... 19% 18% 19% 19 Howe Sound ... 56V* 56 56’4 56 Ins Copper 814 7% 8% 7% Int Nickel 49% 49% 4914 49% Kennecott Cop . 36% 35'/* 35 35% Mclntvre Mine .. 457* 45 457* 45% Park Utah 4% 4% 4% 474 Phelps Dodge ... 37% 35% 37'/* 35% St Joe Lead 29 2774 29 28% U. S. Smelters... 94% 93% 94% 937i Vanadium 25% 247i 25% 2574 Amusements— Crosley Radio .. 17% 17% 17% 17% Fox Theat 27Vi 27 27 27 Loews Inc 52 51 Vi 52 5174 Radio Corp 13 12 s /* 127* 11% Paramount 11% 117* 11% 11% RKO 8 V* 8% BV4 8% Warner Bros ... 13% 12% 12 127* Tobaccos— Am Snuff 67 65 65 66 Am Sum T0b.... 24% 24% 24% 24% Am Tobacco "A” 997* 99% 997* 100 Am Tob "B” ..101 101 Vi 101 101% Gen Cigars • 56Vi 56 56 56'/* Ligg & My “B”. 114 113% 113 Vi 116 Lonllard 24% 23% 24 24 Philip Morris .. 707* 69 70% 68Vi Reyn Tob ••B".. 58% 577 / * 58'% 58V* Rails— Atchison 76% 76 76 76'/* Atl Coast Lines . 34% 33% 337* 33’* B& O 217* 207* 21V* 217* Can Pacific ... 13'/* 127* 13 13’/* Ch & Ohio 597* 59 59% 59% Chi & Gt W ... 2'/* 2% 2% 2% Chi & Gt W pfd 7% 7% 7V* 7% C M & St P 27* 274 274 2% C M & St P pfd 57* 5% s'/* 574 Chi N W 4V* 4V* 4Vi 4V4 Chi N W pfd ... 107* 10% 10% 107* Dela & Hud ... 49 47% 47% 49'/* Del Lac & W .. 197* 187* 187* 19V* Erie 157* 15V* 15’% 15V* Erie pfd 27V* 267* 27 26% Gt Northern pfd 417* 4 1 4174 40% 111 Central 25'% 24'% 25% 2574 K C Sou 19% 187* 19% 19% Lehigh Valley... 117* 11'4 11% 11% Lou & Nash ... 72% 71% 72% 71% M K & T 87* 8% 8% B'% MK & T pfd... 24 237* 2374 23% Mo Pac 37* 37* 37* 37* Mo Pac pfd 7'% 7% 7V* 7'% N Y Cent 37% 367* 367* 377* N Y New Haven 5'% 5‘.4 5V4 5% N Y Ont & West 67* 674 67* 67* Norfolk & West. 228 228 228 228 Nor Pacific 29% 29'/* 29'% 29% Penn R R 36% 357* 35% 36'/* Sou Pac 35% 34% 34V* 35 Sou R R 19% 18'/* 18'% 1874 Union Pac 128 128 128 128'/* West Maryland .11 10% 10% 107i Equipments— Am Brake Shoe . 50% 49% 49% 50V* Am Car & Fdv . 38% 37 38% 37'% Am Loco 307* 2974 307* 30 Am Steel Fdv ... 31% 31 31 31'% Bald Loco 574 5% 5'% 57* Gen Am Tnk Car 59% 58% 587* 60 Gen Elec 41% 407* 41V* 41% Gen R S Sig 47'% 46'% 46% 467* Pullman Inc 4674 46 46% 47'/* West Air Br 40 39% 3974 40 Wes finish Elec ..11874 117% 11774 11974 Utilities— Am & For Pwr . 87* B'% B'% 8% Am Power & Lit. 10% 10 10 10% A T ft T 178 174 177 1737* Am Wat Wks .. 23'/* 227i 22% 23 Col Gas & Elec . 177* 177* 177* , 18,, Comm & Sou ... 4% 47i 4% 4% Consol Gas • ... 367* 36% 36% 36% Elec Pwr & Lit.. 10% 10% 10% 10% Intro Hy Elec .. 4% 47* 474 5 Inter R T 17V* 17 17 17V* Int TANARUS& T 18'4 17% 18 1774 L G A ”E” .... 22% 22V* 22V* 277* Nat Pwr &L .. 127i 12 12 12'/* North Amer ..7 . 29% 28% 28% 29% Pac G E 36 35'% 36 3574 Peoples Ga? ... 47 46 46 37V* Pub Serv N J... 47% 47% 47% 47'% So Cal Edison .. 27% 27'% 27% 27% Std Gas 8% 8% 8% 8% Stone Web 17% 1774 1774 1774 United Corp .... B’4 8 8 8% Un Gas Imp ... 1874 18% 18% 187* Ut P <& Lt “A”.. 6 57* 5% 574 West Union ... 93% 91% 91% 93 Rubbers— Firestone 32% 32 32% 32% Goodrich 20% 20 20% 2074 Goodyear 31% 29'4 30% 29% U S Rubber 21% 21% 21% 21% U S Rubber pfd. 63 74 6174 62 % 6274 Miscellaneous— Allis Chalmers . 45% 45*4 457* 45% Am Can 120 118% 119% 120 Am Mach & Fdy 27 26'% 26% 27 Anchor Cap 23% 23 23 237s Brklyn Man Tr.. 4574 45 457* 45 Burroughs Add .33 3274 327* 32% J. I. Case 108% 107 108% 109 Conti Can 78% 77% 77% 7874 Caterpillar Tract 69 68 68% 68 Crown Cork .... 517* 51 51 5174 Curtis Pub 21 20% 20% 2178 Deere & Cos. .. . •72 7174 71% 72 Eastman Kodak 157% 157 157% 157 Foster Wheeler.. 37% 36% 36% 37 Gillette 17% 17% 17% 17% Glidden 50% 4974 507* 50V* Ir.gersoll Rand..l47 146 147 143 Int Bus Mach... 178 176 176 178 Inter Harv 66% 66 66% 67 Natl Cash Reg ■ 28% 27% 27% 287* Owens Bottle • ■ 147% 146% 147% 146 Rem Rand 22% 21% 22% 21% Underwood E 90V4 90% 90% 90% Worthing’n Pmp 33 32 32 32 Foods— Am Sugar 54 53% 53% 54 Armour 6% 67* 6‘* 67* Armour 6% pfd. 83 82% 82% 82% Beatrice Cream. 18% 18% 18% 18% Borden Prod 29 28% 28% 28% Cal Packing 35% 35 35% 35 Canada Dry G A 14% 14% 14% 14 s * ! Coca Cola .. 95% 94% 94% 95% Cont Bak ‘•A".. 13% 13% 13% 13% Corn Prod 70% 69% 69% 70% Crm of Wheat.. 37'4 37V* 37V* 32% Cuban Am Sugar 10% 10 10 10% Gen Baking ... 12% 12% 12% 12% Gen Foods 33% 33% 33"* 33% Gold Dust 19% 19% 19% 19% G W Sugar ... 33% 32% 32% 32% Hershev 78% 78% 78% 77% Loose Wiles 43% 43 43 43 Natl Biscuit ... 35% 34% 34% 35% Natl D Prod ... 23 22% 22% 22% Purity Bak .. 15% 15% 15% 15% S Porto Ric Sug 31% 31 31 31% Std Brands 15% 15% 15*4 15% |Un Biscuit 24** 24** 24% 24% United Fruit . 74’* 74% 74** 75% Ward Bak B”. 3% 3% 3% 3% Wrigley 78% 78% 78% 78** Retail Stores— Allied Stores ... 7** 7% 7** 7*4 Assd Dry Goods. 15% 14** 15% 14% Best &Cos 51% 50* 51% 50% First Natl Stores 45% 45% 45% 45 Gimbel Bros ... 7% 7% 7% 7% Gm Un Tea ...’ 5% 5 5% 5% Jewel Tea 75% 75% 75% 75 Kresge S S 24% 24% 24% 24% Kroger Groc 26’* 26% 26% 27 Macv R H 46% 45% 46% 47 McCrorv St 14% 14 14 14 McClellan St ... 13% 13% 13% 13% Marshall Field .. 12% 11% 12% 12*. Mav Dept St ... 50% 49 49 50 Mont Ward 39% 38% 38% 39% Pennev J C 74% 74 74% 743* Safewav St 34% 33’* 34'* 34 Sears Roebuck . 65 63 % 64 6 5 Woolworth 53% 53% 53% 54% AviationAviation corp .. S'* 6% 6% 6% Boeing Aircft ... 26% 25% 25% 25% Curtiss Wright .5% 5 5% 4% Curt Wrutbt "A” 16% 15% 15% 16

Davis

SATURDAY, FEBRUARY 15, 1936

New York Stocks

Douglas Air 75% 73% 73% 73% Nor Am Av 8 7% 7% 8 SDerrv Corp 22% 21% 21’* 22*, United Airct new 31% 30% 30% 31% Chemicals — Air Reduction . 190** 190% 190% 191 Allied Chem . 167 166 167 168% Am Chem Alco • • 29 28% 28% 28% Col Carbon .106’* 106’* 106% 109 Com Solvents . 21% 20% 21 20% DU Pont 148% 147% 148 148% Freeport Tex ... 3)% 34 34% 34V* Liquid Carb ... 39 38% 38% 39 Math Alkali ... 33% 32% 32% 32% Monsanto Chem 96 95% 95% 95% Natl Dis (new) 29% 29 29V* 29% Schenley Dist .47 46% 47 46% Tex Gulf Sulph. 37% 37% 37% 37% Union Carbide . 81% 80% 81% 80% U S Ind Alco. 40% 4040% 40 Drugs— Bristol Myers... 45% 45% 45% 45% Coty Inc 6% 6 6% 6 Lambert 24% 24 24% 24% Lehn & Fink ... 14’* 14 14 14% Sterling Prod .■ ■ 66% 66'* 65% 66% Un Drug (new). 15% 14% 15 15V* Zonite Prod .... 8% 8% 8% 8% Financial— Adam' Exp 13% 13 13V* 13 Allegheny Corp . 4% 4 4 4V* Am Int Corp ... 12% 12% 12V* 12% Chesa Corp 72 71% 72 72% Lehman Corp .. 98% 98** 98% 98% Transamerica .. 13 V* 13 13 13 Tri Con Corp .. 11% 11% 11% 11% Building— Am Radiator .. 28 24'/* 24% 24% Gen Asphalt 33% 33 33'/* 33% Holland Furn .. 41'/* 40V* 40% 40% Int Cement 43% 43% 43'% 43% Johns Manville 122 119'/* 122 119 Libby Owens Gls 57% 57% 57 58 Otis Ele 27% 27Vi 27% 27% U S Gypsum ...110V* 110% 110% 105'/* Uien Cons 7 7 7 7 Household— Col Pal Peet ... 19% 19V* 19V* 19% Congoleum 43 52’/* 43 52% Kelvinator 18V* 18% 18% 18'/* Mohawk Carpet. 25% 24 25V* 23% Proc &. Gam .. 46% 45% 46% 46% Setvel Inc 19% 19% 19V* 19% Simmons Bed .. 24'/* 23% 23'% 23V* Textiles— Amer Woolen .. 10'/* 10 10% 10% Belding Hem ... 15% 14% 15% 14'/* Celanese Corp . 29% 28V* *28% 28% Collins Aikman . 50’/* 48 48 50% Gotham Hose .. 11% 11 11V* 11V* Indus Rayon ... 30'% 30 30'% 29% Kayser Julius .. 32 32 32 32 Real Silk. 15% 15% 15% 15% N. Y. Bonds (Reprinted From I.ate Times Yesterday) DAILY BOND INDEX 20 20 20 60 Inds. Rails. Utils. Bonds. Today 93.2 x 94.5 x 105.4 97.7 x Yesterday 93.1 94.1 105.4 97.6 Week ago 93.1 92.6 105.0 96.9 Month ago 93.1 89.5 104.6 95.7 Year ago 86.7 82.6 93.5 87.6 1936 high 93.1 94.1 105.6 97.6 1936 low 90.6 84.7 103.5 93.3 x—New high. , . ~ (Copyright 1936 bv Standard Statistics) U. S. GOVERNMENT BONDS (By Abbott, Proctor & Paine) Treasurys Prev. Close, close. 4%s 1947-52 115.25 115.23 4s 1944-54 111.24 1i1.19 3%s 1946-56 109 109.25 3%s 1943-47 107.7 107.16 3%s 1941-43 108.18 108.14 3xs 1943-45 106.20 106.18 3%s 1944-46 106.7 106.7 3’,is 1941 108.17 108.17 3Vis 1946-49 104.10 104.8 3'/*s 1949-52 104.13 104.11 3s 1951-55 103.13 103.7 3s 1946-48 103.22 103.19 Home Owners’ Loan Corp. 2%s 1949 100.23 100.5 3s 1952 101.25 101.11 Federal Farm Mortgage Corp. 3 Vis 1964 100.10 103 3s 1949 101.15 101.23 3s 1942-49 103.3 102.11 2%s 1947 20031 100.28 DOMESTIC Prev. Close Close Alleg Corp 5s ’44 96% 96'% Alleg Corp 5s '49 95% 93Vi Alleg Corp 5s ’SO 75'% 75% Am Frgn Pow 5s 2030 83 .82% Am Tel & Tel 5%s ’43 115'% 113'% Am Tel * Tel 5s ’65 113% 113% Arm & Cos (Del) 5%s ’43 .... 97 96% Atl Coast Line 4s ’52 99*/* 99 Vi Atl Coast Line 4'/is ’64 87% 87% Atch Top & S Fe 4%s ’4B ...112% 112*4 Am Wat Wks 5s ’44 112'% 112% Am Rolling Mills 5s ’3B 131 132V* Balt & Ohio 5s ’95 87% 87*4 Balt & Ohio 6s ’95 96*4 96V* Balt & Ohio 4%s ’6O 74% 74'% Buff Roch & Pitt 4 Vis ’57 81% 81% Beth Steel 5s ’3B . . 106 105% Chi Milw & St P 5s ’75 24% 24% Chi Milw & St P 5s 2000 9 9'/* Cleve Un Term 5s ’73 105 105 Cleve Un Term 4%s ’77 98% 99 Col Gas 5s May ’52 102% 102% Col Gas 5s April '52 102 102% Col Gas 5s ’6l 101% 101% Can Pac Perp 4s 94 94% Cent Pac 5s *6O 99 99 Big Four 4Vis '77 93 92% Big Four 5s ’63 99 98% Colorado & So 4%s ’BO 79 78% Chi & West Ind 4s ’52 103% 103V* Chi & West Ind 5%s ’62 107'/* 107% Chi & Nor West 4*/*s ’49 15% 15'% Cor. Gas 5s ’57 104% 104% Chesa Corp 5s ’47 132V* 133% Del & Huds 4s ’43 88 87% N Y Dock 4s ’sl 74% 70 N Y Dock 5s '3B 74 70 Erie 5s ’75 83 82'% Erie 5s ’67 83V* 82% Gen Cable s'%s ’47 .103'/* 103'/* Grt Northern 7s ’36 102% 103% Grt Northern 4'%s ’76 101% 101'% Grt Northern 4'%s ’77 101% 101'/* Gen Stl Cast WW 5%s ’49 ... 97% 97% Hud & Manhat Ref 5s ’57 ... 87'/4 87% 111 Cent 4%s '66 78 76% lii Cent Jt 4%s ’63 84'/* 85 111 Cent 5s ’63 88% 89 Interlake C & I 5s ’sl 86V* 97V* Internatl Tel & Tel 4%s ’39 .. 99V* 99% Internatl Tel & Tel 5s ’55 ... 94% 94% Internatl Tel & Tel 4%s ’52 .. 91 91V* P Lorillard 7s ’44 132'% 132V* McKess & Rob s’%s 'SO 104 103'% Natl Dairy s'/s ’4B 103'% 103'% Natl Steel 5s ’56 106% 106'/* Nickel Plate 4%s *7B 85'% 85 Nickel Plate 5 Vis ’74 97 V* 95 V* Nickel Plate 6s ’35 104% 105 N Y Cent 5s 2013 94'% 93% N Y Cent 4%s 2013 (old) 88 87’/* Nor Amer Cos 5s ’6l 105 104% Nor Pac 3s 2047 78% 78'% Nor Pac 4Vis 2047 100% 100% Nor Pac 6s 2047 110% 111 New Orleans Term 4s ’53 92% 91V* Otis Steel 6s ’4l 102V* 102'% Penn Ry 4'/*s ’B4 108'* 108 Penn Ry 4'%s ’Bl 108% 108% Penn Ry 4%s ’7O 102'% 102** Pac G & E 5s ’42 104 104 Portland Gen El 4'is ’6O 79% 79'% Para Publix 5%s ’SO 95 % 94% Penn P & L 4%s 'Bl 106’* 107 Postal Tel & Cab 5s ’53 4040 Rem Rand W W 5%s ’47 113'% 113’'* Sinclair Oil 6%s ’3B 10 Shell Union Oil 5s 47 102'* 102'% Sou Pac 4%s ’6B 89'% 89 Sou Pac 4'is ’Bl 89 88% Sou Pac 4Vis ’69 89% 86V* Sou Pac 4s '49 89% 89*% Sou Rail 4s ’56 67% 67 Sou Rail 6s '56 82V* 83 Sou Rail 6%s '56 87 86 Texas Pac 5s 'BO 102% 102 Texas Pac 5s ’79 102 101% Texas Pac 5s '77 102 102% Union Pac 4s ’47 112'% 112% United Drug 5s '53 101'% 101% U S Rubber 5s '47 105 104% N Y N H & Hart 6s ’4B 4040% N Y N H & Hart 4%s ’67 ... 39 39V* Warner Bros 6s ’39 98 98 Western Marv 5%s ’77 107% 107% Western Marv 4s ’52 99 Vi 99% Youngstown S & T ’7O 105% 105'/* Youngstown S&T 5s ’7B 105% 105% FOREIGN Argentina A 6s ’57 98 98 Argentine B 6s ’SB 97% 97% Brazil 8s ’4l 32'% 32'% Canadian Govt 4s ’6O 108 108'% Denmark 5%s ’55 100% 101% French 7s ’49 180% 181'% German 5%s ’65 28V* 28 German 7s ’49 37 37 Italy 7s 'sl 63 63 Japan 6'is ’54 98% 98% Rome 6'is ’52 56% 56% Tokio City 5%s '6l 82% 82V* Yokohama 6s '6l 87% 87V* Unlisted Stocks (Reprinted From Late Times Yesterday) 'Bq Blyth & Cos.) NEW YORK BANK STOCKS _ , Bid. Ask. Bankers’ 64% 66** Central Hanover B & T 115** 117** Chase 39% 40’* Chemical National 55 56** Guaranty 297 300% Irving 16% 18% Manufacturers 45** 74** National City 36'* 37** Cont 111 Chicago .. 151 154% First National Boston 48% 50 National Shawmut 28% 30 FIRE INSURANCE Aetna Fire 62 64% American Ins of Newark 17** 19’* Baltimore American 9'* 11% City of New York 31 33% Federal Ins ill 116% Franklin Fire 33% 35% Great American Ins 33% 35% Hanover Fire Ins 39*, 41% Hartford Fire Ins 87% 89’* Home Ins 3g% 40% Ins Cos of N A 82% 84% National Fire 88% 88% National Liberty io% 12% North River Ins 29** 31% Phoenix m 2 105'* V S Fire 59 61 Westchester Fire ............. 40 42

RULES SET FOR UNITS SEEKING FHA APPROVAL Subdivision Requirements Outlined by Technical Director. Times Special WASHINGTON, Feb. 15.—Seven requirements for subdivisions seeking approval of the Federal Housing Administration as insurable communities under the National Housing Act today were outlined here by Miles L. Colean, technical director. The growing importance of the community itself in the single mortgage system of home financing calls for clarification of the factors that make any subdivision eligible, Mr. Colean said. The seven requirements are: 1. Convincing evidence of a healthy and active demand for homes of the type contemplated and at the price asked. 2. Suitable sites. 3. Easy access '’y means of transportation and adequate highways to schools, employment and shopping centers. 4. Installation of appropriate and sufficient utilities and street improvements. 5. Compliance with plans and regulations of city, county or regional plan in cases where such subdivisions fall within the jurisdiction of any of these. 6. Appropriate deed restrictions. 7. A sound financial setup. Neighborhood Factor Large Mr. Colean said that in as much as the factor of neighborhood looms large in the risk rating procedure of the FHA, it is necessary that homes eligible for mutual mortgage insurance be located in communities that meet these requirements. “It is only by constantly developing areas which are ripe for use, by reorganizing subdivisions which suffer from planning and financial and legal incumbrances and by postponing or abandoning the building up of subdivisions which are premature or plainly superfluous, that a stable realty condition can be established which will justify mortgage lending and the insurance of mortgages in any neighborhood,” he declared.

UTILITY COMPANY NETS $6.39 A SHARE IN 1935 Commonwealth Edison Earnings Total $10,274,000. Times Special NEW YORK, Feb. 15.—The Commonwealth Edison Cos. earned a profit of approximately $10,274,000 for its stockholders in 1935, after setting aside $12,098,000 to pay its 1935 tax bill to Federal, state, and local governments, James Simpson, chairman, announced today in releasing the company’s annual report. The company’s tax bill was equal to $7.53 a share on stock outstanding, an increase of $1.36 over the amount paid the various government in 1934. This left a net income equivalent to $6.39 a share, compared with adjusted income in 1934 of $6.38 a share. Electricity sales to three of the company’s four major customers showed a total increase of 4.2 per cent during the year, while sales to residential consumers were about 5.4 per cent larger than in 1934. Gross earnings from electrical sales totaled $78,533,000. CONSTRUCTION TOTAL HIGHER IN JANUARY Thirty-Seven States Report Volume at $204,792,800 for Month. Times Special NEW YORK. Feb. 15. —Construction undertakings of all types in 37 states east of the Rocky Mountains were valued at $204,792,800 in January, according to a report released today by the F. W. Dodge Corp. The total compared with only $99,773,900 for January, 1935, but represented a decline of about 22 per cent from the total of $264,136,5f>0 reported for December, 1935. Improvement over the January. 1935, total was recorded in each of the 13 major geographic areas east of the Rockies without exception. For residential bu.lding alone the organization reported a total of $37,439,600 in January, compared with only $22,410,200 in the same month a year ago, and $45,140,100 for December, 1935. The largest relative v gains were registered in the Middle Atlantic states, the Chicago territory and southern Michigan. ELECTRIC OUTPUT DECREASES IN WEEK Total, However Is 10.7 Per Cent Higher Than Year Ago. Times Special NEW YORK, Feb. 15.—Electricity production in the United States during the week ended Feb. 8 amounted to 1,952,476,000 kilowatt hours, an increase of 10.5 per cent over the corresponding 1935 week, the Edison Electric Institute announced today. The total, however, was a decrease of 10,000,000 kilowatt hours from the preceding week. In the. 1935 period total output was reported at 1,763,696,000 kilowatt hours. For the initial week of February production was estimated at 1.962,827.000 kilowatt hours, an increase of more than 11.4 per cent over the same week a year ago. The high level of production was reached in December, 1935, when the total was more than 2,000,000,000 kilowatt hours. Produce Markets The prices quoted are paid lor stoclc (lathered in the country, while delivered in Indianapolis the price is a cent hitcher Heavy breed hens, 18c; Leghorn breed hens. 13c: Leghorn springers. 12c: old stags 13c; old cocks. 9c. Ducks, white. 5 lbs. and over, lie: geese, full feathered, ail sizes. 10c: all guineas. 1% 16>s. 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. 36@3"c. Butterlat. 34c. Quoted by the Wadley Cos.

PAGE 11

STOCK TRENDS BY MAJOR GROUPS Average price of stocks as of the first of the month ♦"u 1111 m’jri fn n [rrnrrr j AH U. S. Componlo* M Prodecte I" i " : rn ii (Ii " r mm ' * 7s 'i .1 i Ii i I—i1 —i 1 125 -j—|—!—|—j— ! — L- -•■[—1 —t \| i—l 125 j i .i- 1 ii Wn iin XI II 75 0-1— I—:' '’ ■ .lull...□hi I" Ml irn. Hill: . 0 ) sß°i,j 8 °i,j I j- 1 "i — n —jyn —o —m — 1 §80 ! gO Foods j Automobiles Textiles 60 .A !1 j! U-L ... _J— *o rAf-- '33 20 OL—: tt:. in. i! ILUUAUL.:t J Lli I i.l n „i: i!. i; hi J 111 iu ■ mill 11 ii: 1 (UI: ■■■: i J 0 i!lil|||Sßs|3 mlifillll.. Source:N.'/.Sfvck TUI st'SX!3:

WATER WORKS CONTRACTS LET Connersville Project to Cost Approximately SIOO,OOO. Times Special CONNERSVILLE, Ind., Feb. 15. Preliminary work toward electrification of the Connersville Water Works was reported completed today with the approval of the City Council on contracts for building construction and the purchase of two Diesel oil electric engines. First definite steps were taken following the special council meeting when John W. Moore, consulting engineer, set stakes for the building. Construction is to start as soon as weather conditions permit, Mayor William Dentlinger announced at the meeting. Despite several protests and delays during the last year, efforts of the administration have finally proved successful toward improving the city water works with self generating electric driven power equipment, Mayor Dentlinger pointed out. The contracts, ratified by the council, were signed at WPA headquarters in Indianapolis by the Board of Public Works and Safety, comprised of the mayor, City Attorney Leroy C. Handby and Russell Crouse, city engineer. Total construction costs of the new project have been fixed at approximately $93,076.51. This does not include other expenditures which are not charged to construction. such as engineers’ fees, blue prints, and an additional acre of land for well drilling. This may bring the final cost to SIOO,OOO. NET LOSS INCREASES Times Special LOS ANGELES, Feb. 15.—Despite a substantial increase in gasoline sales, net operating loss of the Richfield Oil Cos. of California increased nearly 70 per cent during the final quarter of 1935, William C. McDuffie, receiver, reported today. Local Livestock (Reprinted From Late Times Yesterday) HOGS Feb. Bulk. Top. Receipts. 8. $10.75@ 10.85 $10.85 1000 10. [email protected] 11.15 3000 11. 10.90(5)11.00 11.00 7000 12. [email protected] 10.90 5000 13. 10.80(5)10.90 10.90 2000 14. 11.15® 11.25 11.25 2000 Light Lights. (140-160) Good and choice. $10.25® 11.00 Medium [email protected] (160-180) Good and choice.. 11.00(5)11.15 Medium 10.500; 11.00 (180-200) Good and choice.. [email protected] Medium 10.65(5)11.15 (200-220) Good and choice.. [email protected] (220-250) Good and choice.. 11.00® 11.15 Heavyweights. (250-290) Good and choice.. [email protected] (290-350) Good and choice.. [email protected] Packing Sows. (275-350) Good 9.25@ 9.50 (350-425) Good 9.10® 9.45 (425-550) Good 9.00(5) 9.25 (275-350) Medium 8.75@ 9.15 Slaughter Pigs. (100-140) Good and choice.. [email protected] Medium 8.50@ 9.75 CATTLE —Receipts, 200— (500-900) Choice $ [email protected] Good 7.75(5 10.00 Medium 6.50@ 8.00 Common 5.00(5) 6.50 (900-1100) Choice [email protected] Good [email protected] Medium 6.50@ 8.25 Common 5.00@ 6 50 (1100-1300) Choice [email protected] Good [email protected] Medium 6.75® 8.25 (1300-1500) Choice [email protected] Good [email protected] Heifers (500-750) Choice B,oo@ 9.25 Good 7.00 @ 8.00 Common and medium 4.5Q@ 7.00 (750-900) Good and choice .... 7.00@ 9.50 Common and medium 5.00@ 7.00 Cows Choice 6.50@ 7.25 Good 5.75@ 6.50 Common and medium 5.00@ 5.75 Low cutter and cutter 3.50@ 5.00 Bulls, good 6.50@ 7.25 Cutter, com. and med. bulls.. 2.50@ 6.50 VEALERS —Receipts, 200— Good and choice sl3 [email protected] Medium [email protected] Cull and common [email protected] Calves (250-500) Good and choice.. 700 @IO.OO Common and medium 4.50@ 7.00 Feeder and Stocker Cattle \SOO-800i Good and choice . 6.75@ 7.75 Common and medium 5.00@ 6.75 (800-1050) Good and choice . . 6.75® 7.75 Common and medium 5.00@ 6.75 Cows Good 4.500) 5.00 Common and medium 4 00@ 4.50 SHEEP AND LAMBS —Receipts, 1000— Lambs, 90-lbs. down, good and choice *10.25@ 10.50 Good 10.00® 10.25 Medium 9.00@ 10.00 Common 7.00@ 9.00 Ewes, (90-175) Good and choice.. 4 00@ 5.00 Common and medium 3.00@ 4.00 Yearling wethers good choice 9.00@ 9.50 Medium 7.00@ 9.00 Safe Deposit Boxes The Indiana National Bank of Indianapolis Buy Building & Loan Shares Your Money Stays Here, Works Here—Earns Here

New York Curb Head Renamed Fred C. Moffatt has been unanimously re-elected president of the New York Curb Exchange by the board of governors. Charles S. Leahy and Mortimer Landsberg were renamed vice president and treasurer, respectively.

HARDWARE ACTIVITIES SLOWED BY WEATHER Shortage of Winter Merchandise Reported in Many Areas. Times Special NEW YORK. Feb. 15. While hardward sales activities have been seriously slowed by the recent weeks of severe storm and cold, there have been compensations in the resulting large demands for emergency supplies, Hardware Age reported today. The immediate and sharp call for winter merchandise revealed shortages in many areas. Retail stocks of axes, shovels and picks, oil and electric heaters, tire chains, denatured alcohol, gloves, mittens and other cold weather items have been frequently insufficient to supply the heavy demand, and wholesalers have been called on for an unusual amount of rush service. January started with a very satisfactory rate of increase over 1935, in general retail sales, but after the middle of the month, shopping became so difficult that early gains were largely offset. DOUGLAS AIRCRAFT CO. EARNS $2.70 A SHARE Income of $1,262,967 in 1935 Sets New Company Record. Times Special CHICAGO. Feb. 15.—The most successful year in history of the Douglas Aircraft Cos., Inc., was recorded in 1935, according to reports issued today. A gain in net earnings of $11,900,000 or 242.9 per cent over 1934 established anew all time record. Net income in the 1935 fiscal year, ended Nov. 30, was $1,262,967, equal to $2.70 a share, compared with a net income of 8 cents a share in 1934. The previous record for earnings was established in 1930 when net income amounted to $2.02 a share. Unfilled orders on the books as of Feb. 8, 1936 totaled $16,800,000, almost four times as much as in 1934. HOUDAILLE NET HIGHER Hershey Corp. Earns $2,456,196 for Year Ended Dec. 31, 1935. Times Special CHICAGO, Feb. 15.—Net income of the Houdaille Hershey Corp. and subsidiaries in 1935 amounted to $2,456,196, compared with $931,401 in the preceding year, according to a report released today by Paul H. Davis & Cos. The earnings, after allowances for class A dividends, were equivalent to $2.57 a share on 784,956 shares of class B stock outstanding. In 1934 the company earned only 49 cents a share on the class B stock. NET INCOME DOUBLES Times Special NEW YORK. Feb. 15.—The Western Union Telegraph Cos. earned approximately $5,258,078 in 1935, equal to $5.03 a share on common stock, against $2,243,084, or $2.14 a share in 1934, according to preliminary reports released tdoay.

JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY SEVENTY-THIRD ANNUAL STATEMENT AS OF DECEMBER 31, 1935 BUSINESS OF 1935 Income Received $180,365,913.61 New Insurance Paid for 553,691,004.00 Payments to Policyholders and Beneficiaries • 87,736,087.35 Increase of Assets 47,435,148.90 Increase of Outstanding Insurance.. 119,181,333.00 Increase of Surplus Resources 3,171,571.33 STANDING AS OF DECEMBER 31, 1935 Outstanding Insurance $3,593,148,522.00 Admitted Assets • 731,500,916.33 Liabilities (or assets definitely pledged in contractual obligations) 666,513,100.30 Including: The legal reserve on policies in force 8608,621,566.00 Dividends to Policyholders Pavable in 1936.. ‘ 15,974,706.37 Contingency Reserve Held for Asset Fluctuation 18,000,000.00 General Surplus 46,987,816.03 TOTAL SURPLUS RESOURCES.. 64,987,816.03 Over a Billion Dollars Paid to Policyholders and Beneficiaries Since Beginning Business. DAN W. FLICKINGER, C L. U. AND ASSOCIATES 1222 Circle Tower B. A. Burkart, Office Manager Ray O. Woods, Sales Manager

150,000 ADDED TO AUTOMOBILE, ALLIED GROUPS Employment Gains Held Due to Output Schedule Changes. Times Special NEW YORK. Feb. 15 —Complete figures on employment and earnings in the automobile industry and the plants supplying automotive parts during the final quarter of 1935 disclose that the industry's new employment stabilization program succeeded to a remarkable extent in its first stage, the Automobile Manufacturers’ Association reported today. Introduction of new automobile models in November instead of January resulted in more men being at work during fall and early winter than in any previous year, and the high employment trend continued into January. On the basis of this result, the industry already has decided to repeat the program. holding the next annual show on Nov. 11. Other Groups Benefit The favorable result in automobile factories and parts plants also was obtained to a considerable degree in such industries as steel, glass, rubber and electrical equipment, which depend to a large extent on automatic output, and it is estimated that altogether, including these industries, year-end employment for 150,000 additional persons was brought about by the earlier start on automobile production. Possibly more important than the increase in number of men employed was the striking rise in pay rolls and in individual average earnings, the association said. In the combined automobile and automotive parts industries an average of 453.000 men was employed through October, November and December. The highest previous mark for the same quarter was attained in 1928. when an average of 445,000 was reached—a figure never approached from that year until 1935. Pay Roll Nearly Doubled The average weekly pay roll of the combined, industries went to $13,741,000, nearly double the preceding year’s $7,600,000 and more than three times the depression low of $3,700,000, in the last quarter of 1932. In 1928, when generally longer working hours were in effect, total pay rolls exceeded the 1935 mark slightly, reaching $14,000,000. While this preliminary showing does not assure stability of production and employment through the year, a marked advance is scored for the plant workers in elimination of idle time at the beginning of winter, when cold weather brings special demands on pay envelopes, the report concluded.

BUILDING PERMITS UP 104 PER CENT IN YEAR 215 Cities Report January Total Valued at $54,938,059. Times Special NEW YORK. Feb. 15.—The total volume of building permits issued in approximately 215 cities throughout the country amounted to $54,938,059 in January, compared with $62,992,039 in December, 1935, Dun & Bradstreet, Inc., announced today. Keeping in line with the usual season decline of 12.8 per cent, this was a drop of 12 per cent for the month. The total volume compared with $26,826,269 issued in the corresponding 1935 month, an increase of approximately 104.8 per cent. The largest increase in permits appeared in the East Central states where a gain of 179.6 per cent was reported from January. 1935, to January’, 1936. The lowest figure was evident in the West Central states, increasing only 14.1 per cent. CAR OUTPUT HIGHER Times Special DETROIT. Feb. 15.—The Chevrolet Motor Car Cos. produced 104,193 cars and trucks in January, exceeding the previous January record established in 1928 by 12,609 units, and 45,795 greater than in 1935, it was announced today.