Indianapolis Times, Volume 48, Number 19, Indianapolis, Marion County, 2 April 1936 — Page 28

Trends Group’s Program to Aid Jobless Is Criticised. BY JOHN T. FLYNN

NEW YORK. April 2. —Recently I called attention to the fact that no candidate for the presidency—Democratic or Republican—and no business organization offered any plan for dealing with the great problem of 10.600,000 unemployed we still have after five years of depression.

Now the Manufactur e r's A s s o c i a t ion, meeting in New York, offers a sevenpoint plan. Here it is: I—A census of unemployed. 2 —Recognition that capital goods industries must be revived. 3 Recognition that prosperous Industry is the cause of reemployment. 4 Recogni-

Flynn

tion that no business can employ at continuing loss. 5 Ending of government competition with industry. 6 Cutting government costs in order to reduce the tax burden and encourage private industry. 7 Curtailing importation of foreign goods. tt M tt EVERY one will agree to most of these—value of a census of unemployed, importance of a prosperous industry, the need for reviving the capital goods industry, and the fact that industry can not continue to employ at a loss. But that still leaves unsolved the problem of how to revive the capital goods industry, how to make business prosperous and how to keep business from operating at a loss. The other three proposals are more concrete. One is to end government competition. Government competition with what? What business is the government competing with in any degree to produce trouble? The utility industry? This is one of the only industries which has been continually prosperous. Some holding companies that operate as parasites on the utility industry have had trouble due to their shameful financial adventures. But the utility industry has been paying its dividends faithfully. The railroads? The only government competition is its small, hopelessly ineffectual barge lines which do not take enough business to displace the year's haul of a few hundred freight cars. a u tt MEANTIME the government has lent the railroads hundreds of millions which no private banker would lend. There is plenty of talk about government competition with business. But where is it in fact? Next is cutting government costs to reduce taxation. But the government is not even now paying its ordinary running expenses out of taxes. The government costs have been recovery costs, but these have all—every penny—been raised by borrowing and without taxes. And at least half of the government recovery expenditures have gone to supply funds to railroads, banks, mortgage companies and other private industries through loans. Cut down foreign imports? Foreign imports have not been so low as they are now in many years. After all these seven points have been considered the manufacturers still have not given up a plan for dealing with these 10,600,000 unemployed people. (Copyright, 1936. by NEA Service, Inc.)

ADVERTISING INCREASES CHICAGO. April 2.—Retail advertising lineage in newspapers, reflecting an up turn in retail business activity, for the week ended March responding week of 1935, Advertising Age reported today. . Local Livestock HOGS March. •Bulk. Top. Recenits 37. slo.7n®'lo 80 / $10.90 5000 38. 10,7(1®)10.80 10.80 1000 30. 10 70® 10.80 10.85 6000 31. 10.80S 10.90 10.90 5000 April f. 10.75® 10 85 10.90 4000 2. 10.75®10.85 10.90 3000 Light Lights 1140-1601 Good and choice. $10.15® 10 75 Medium . 9.65® 10.15 (160-180) Good and choice . 10.75® 10.90 1180-200) Good and choice.. 10 75® 10 90 1200-220) Good and choice.. 10.75® 10 90 (220-2501 Good and choice.. 10.45ei0.75 Heavvwcights (250-2901 Good and choice.. 10.25W10 45 i290-350l Good and choice.. 9 85® 10 25 Packing Sows (275-3501 Good 9.60® 9.75 (350-425) Good 9 25®' 9 65 (425-5501 Good 9 00@ 9 50 <275-3501 Medium 8.75® 9.60 Slaughter Pigs (130-140) Good and choice.. 9.40® 10.15 Medium 8.40® 9 65 CATTLE —Receipts, 700— (850-900) Choice $ 9 25® 10.50 OoAd 7.75® 9.75 Medium 7 25® 8.50 Common 5.75® 7.25 (900-1100) Choice 9 75610 75 Good 8.25610.00 Medium 7.25® 8 50 Common 6 25® 7.25 (1100-1300) Choice 10.00® 10 75 good 8.25® 10 00 Medium 7.25® 8 50 0300-1500) Choice 10 00tf?10 75 Good 8 50*110.00 Heifera (500-750) Choice 7 75® 8 75 Good 7.25® 8 on Common and medium 5 75® 7 25 (150-190) Good and choice ... 7.25® 875 Common and medium s.so'u> 7.25 Cow* Good 6 00® 6.75 Common and medium 5 00® 6 00 Low euttar and cutter 3 75® 5 00 Bulls, good 6 00® 6 50 Cutter, com. and med. bulls... 5.25® 6.25 VEAI.ER9 —Receipts, 500— Good and choice $ 9.50610 50 Medium a 006 10 oo common 5.50® 8.00 ClltM (250-500) Good and choice.... 6 251* 925 Common and medium 5 00® 6.50 Feeder and Sleeker Cattle (500-800) Good and choice.... 7.00® 825 Common and medium .... 7 50® 825 (100-1050) Good and choice... 7.25® 865 Common and medium 5.50® 7.25 Cowa Good 4.75® s is Common and medium 4 50® 4.75 SHEEP AND LAMBS —Receipts. 600— Lambs, 90 lbs. down, good and choice $lO 00®10.50 Good 9.50® 10.00 Medium 9 00® 9.75 Common 7.75® 9 00 Ewes 190-1791 Good end choice ... 4 50® 5 50 Common end medium 3 50® 4.50 Tear lint wethers, good choice.. 9.00® 9 50 Medium 7.75© 9 00 BUSINESS EDUCATION Strong Accounting. Bookkeeoing. Stenographic and Secretarial courses SB. {?."&. 9555&,. CENTRAL Business College Architects and Builders Building Nanari*-' 1 * * Vermont ste.. Indole

PAGE 28

BUSINESS, INDUSTRY WITHIN REACH OF 1929 HIGH MARK, FIRST QUARTER GAINS SHOW Magazine of Wall Street Predicts Earnings in Six-Month Period Will Equal Figures Set in 1930. BY RUTH FINNEY Times Special Writer WASHINGTON, April 2.—Business is back within striking distance of 1929 prosperity levels. Production and profit figures for the first quarter of 1936, just ending, show remarkable gains—although the quarter covered part of a severe winter, and although 1936 is election year. An article in the current Magazine of Wall Street pre-

dicts that American business will earn as much in the first six months of 1936 as in the first half of 1930. For the quarter just ended business activity averaged 13 per cent higher than in 1935’s first quarter, the article says. In the second quarter, it is predicted, business will average 18 to 20 per cent higher. If this takes place all records since 1929 will be surpassed. These are the first-quarter gains on which the rosy picture is based: The steel industry is operating at 61 per cent of capacity compared with 46.8 per cent a year ago. Steel is being bought for railway equipment, machinery, farm equipment and construction. In other words “heavy” industry, which has lagged throughout the recovery period, is catching up fast. Communications Earnings (Jp Chemical earnings are up. indicating activity in a large number of industries. American Telephone and Telegraph Cos. earnings are about 20 per cent greater than in the first quarter last year and officials look for a continued increase in telephone installations. Western Union earnings ave expected to be about six times earnings for the same period last year. Electric equipment sales have gone up in the first quarter, and the season in which refrigerator sales boom is just starting. Westinghouse reports its refrigerator division booked solid for some time to come. Other divisions making large generators and gasoline-driven light and power plants are extremely busy. Construction Has Doubled The rubber business has improved, and the automobile business has equaled its first-quarter record in 1935 despite the change in date of introducing models, which resulted in heavy production late last year. Construction in the first quarter has doubled over the same period last year, despite the severe winter. In January and February awards were 109 per cent ahead of the first two months last year. The rate of improvement has increased with spring. One large paint firm reports paint sales 28 per cent better, and brick firms in the New York area report their sales up 52 .per cent. Cash farm income is estimated to be 8 per cent greater this year and farm equipment makers expect to better the remarkable gains they made last year. Lead sales are up 10 per cent and zinc and copper show corresponding improvement. Theater Income Gains Railroad freight loadings went up 8 per cent in the first quarter; public utility gross returns improved and so did retail sales, another index that should have been affected by the hard winter. Theater income is estimated at 25 to 30 per cent more than a year ago. In sharp contrast with the business figures are those of the American Federation of Labor on unemployment. The federation estimates that 12.550,000 men and women are still out of work, only about three million less than the total of unemployed at the depth of the depression.

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Abreast of The Times on Finance

Chicago Stocks (By Atkins, Hamill & Gates) 11:30 Prev. A.M. close. Advance Aluminum 8 8 Asbestos Mfg 41/2 4% Associated Investors 32% 32% Bastian-Blessing 11 11 Berghoff 12 12*/ Bruce E L 18 17% Butler Brothers 10 10 Chicago YelJow Cab 30'/ 2 31 Cities Service 51/a 514 Commonwealth Edition 103V 2 103 Continental Steel 45% 46% Cord 7% 7% Crane 25% 25% Electric Household 15% 15% General Household 6% 6 Grt Lakes Dredge 30% 30 ! /2 Jarvis Mfg 23% 22% Lincoln Printing 9 g% Lion Oil Refining 14% 14% London Packing 734 73/. McCord Rad. “A’’ ; 4040 Nachman Spring Filled 14% 14% Nat Gypsum 62% 63' Noblitt-Sparks 31% 31% Standard Dredge pfd 15% 16 Swift International 31 31 Williams Oil-O-Matic 12% 12% Zenith > 19% 18% New York Curb (4E>y Atkins, Hamill Sc Gates) 12:30 P. M. Prev. N. Y. Close. Aluminum Cos of America ....141% 143 Am Cyanamid “B” 36% 36% Am Gas & Electric 38% 38% Am Superpower 2%, 2% Ark Natural Gas “A” 7 7% Atlas Corp 1334 1334 Carrier Corp 934 934 Creole Petroleum Corp 30% 30 Elec Bond & Share 23% 23% Fisk Rubber 24% 24"A Glen Alden (1) 1434 15 Greenfield Tap Sc Die Corp ... 8% 8% Gulf Oil Corp of Penn ....... 95% 96 Humble Oil & Refining Cos ... 72% 72 H.vgrade Food 5 434 Imperial-Oil of Canada 23% 23% Irving Air Chute 23% 23% Lake Shore Mines 53% 53% Molybdenum Corp of Amer ;. 10% 10% Mueller Brass Cos 32 31% Natl Bellas Hess Inc 2% 2% Niagara Hudson Pwr 10% 10% Pan-American Airways 61 60% Pennroad Corp 4% 454 Reliable Stores Corp 18% 18% Root Petroleum 18% 18% St Regis Paper Cos 4% 4% Salt Creek Producers Assn ... 8% B>/* Segal Lock 3% 3% Sonotone 3*4 3% Sterchi Brothers Stores 5% 5% Technicolor Inc 31 30% Tubize Chatillon Corp 8 8 Wayne Pump 30 30 Money and Exchange INDIANAPOLIS STATEMENT Clearings $3,360,000 Debits • 7,159,000 TRRASURY STATEMENT (By United r '*ss) WASHINGTON. April 2.—Government expenses and receipts for the current fiscal year to March 31, as compared with a year ago: This Year. Last Year. Expenses .$ 5.337.110,349.44 $5,062,459,201.21 Receipts . 3.099.979.838.78 2,862.760,231.76 Deficit .. 2.237.130.510.66 2,199.698.969.45 Cash bal.. 2.866,124,398.12 2.445,841.872.39 Pub debts. 31.459,140.278.13 28.817.458,097.73 Gold res.. 10.183.666,087.29 8.566.858,178 43 Customs . 292.196.511.69 253,384,031.24 Unlisted Stocks (By Blyth Sc Cos:) NEW YORK, BANK STOCKS , Bid. Ask. Bankers Trust 60% 62% Central Hanover 111% 113% Chase 39% 41 >4 Chemical National 57% 58% Guaranty 287'% 290% Irving 16% 17% Manufacturers 52 53% National City 35% 37% Cont 111 Chicago 163 166% First National Boston ........ 45% 47% National Shawmut 28% 30% EIRE INSURANCE Etna Fire Ins 54% 56% American Ins of Newark 15% 17% Baltimore American 8% 10% City of New York 26% 28% Federal Ins 49 51% Franklin Fire 31% 33% •Great American Ins 30% 32% Hanover Fire Ins 37 39 Hartford Fire *7% 79% Ins Cos of A ... 72% 7434 Home Ins 38% 40% National Fire 74% 76% National Liberty 9% 11% North River 28 39 Phoenix 88 ao% U S Fire 54.% 57 Westchester Fire 36*4 38% •Ex-dividend.

THURSDAY, APRIL 2, 1936

New. York Stocks

(By Thomson & McKinnon) 11:15 Oils— High. Low. N.Y. close! Atl Rfg 35 34% 34% 34% Barnsdall 18% 18% 18% 18 Consol Oii 14% 14% 14% 14% Cont of Del ... 36% 36% 36% 36 Houston mew). 11% 11% 11% 10% Mid Cont Pet .. 22% 22% 22% 22% Ohio Oil 15% 15% 15% 15 Pet Corp 16% 16% 16% 15% Phillips Pet 493, 49 49% 49 Plymouth Oil ... 16% 16% 16% 16% Pure Oil 23% 23% 23% 23% Seaboard Oii ... 38% 38% 38% 38% Shell Un 17% 17% 17% 17% Skelley Oil 30 30 30 30 Soc Vac 14% 14% 14% 14% SO of Cal 45 44% 45 44% SO of Ind 37% 37 37% 37% S O of N J 66% 66% 66% 66 Texas Corp 38% 38% 38% 38% Tidewater Assn . 18 17% 18 18 Un Oil of Cal.. 27% 27% 27% 27% Steels— Am Roll Mills .. 30% 301* 30% 29% Beth Steel 58% 58'% 58% 57% Byers AM 23 % 23 23% 22% Ludlum Steel ..29% 29 29% 28% Mid Steel %46% 46 46% 45% Natl Steel 70% 70 70 69% Otis Steel 20 19% 20 19% Rep 1 & Stl ... 24% 24% 24% 24 Rep ISc Stl pfd. 95% 95% 95% 94% U S Pipe Sc Fdy 37'% 37 37% 37 U S Steel 68 % 67% 68 67% U S Steel pfd...130% 129% 130 129% Warren Bros ... 9% 9% 9% 9% Youngs'n 8 Sc T. 51 51 51 50% Motors— Auburn 51% 50% 51% 50% Chrysler 98% 98% 98% 97% Gen Motors 69% 69% 69% 68% Graham Mot ... 3% 3% 3% 3% Hudson 13% 18% 18% 18% Mack Truck 33 % 33 Vi 33 Vi 33% Nash 20% 20 20% 19% Packard 11% 11% 11% 11'% Reo .* 8 8 8 7% Studebaker 13% 13% 13% 13% Yellow Truck .. 19 s /* 19'% 19% 19% Motor Access— Bendix 28% 28% 28% 27% Bohn Alum 57V* 57Vw 57% 57% Borg Warner ... 81 81 81 80% Briggs 62 61 Vi 62 60Vi Budd Mfg 14% 14% 14% 12% Budd Wheel 12% 11% 12% 11% Eaton Mfg 36'% 36 36% 36 Elec Auto Lite... 41% 41 Vi 41% 41 Elec Stor Bat... 50 50 50 50 Greyhound B ... 65 65 65 64% Houdaille 29% 29% 29% 29% Murray Body ... 20% 20Vi 20% 20% Stew Warner 22% 22 Vi 22% 22 Timken Roll ... 69% 68% 69Vi 68 Timken Det Axte 17% 17% 17% 1714 Mining— Alaska Jun 15 15 15 14% Am Metals 34'% 34 34% 34% Am Smelt 87% 87 87 86 Vi Anaconda 36 Vs 3514 35V* 36 Cal Sc Hecla .. . 8% 8% 8% 8% Cerro De Pasco. 55% 55 55% 54% Dome Mines ... 45 45 45 45 Ins Copper 12% 12% 12% 12 Int Nickel 50% 49% 49% 50 Kennecott Cop.. 39 38% 38% 38Vi Mclntyre Mine.. 43% 43'/* 43% 43% Phelps Dodge... 38% 38Vi 38% 38Vi Park Utah 4% 4% 4% 4'% St Joe Djad 27% 27 Vi 27% 27% U S Smelters.... 90 90 90 90 Vanadium 23% 23% 23% 23% Amusements— Crosley Radio.. 20% 20% 20% 20% Fox Theat 28 28 28 28% Loews Inc 47 Vi 47% 47 Vi 47 Vi Radio Corp 13% 13% 13% 13% Paramount 9% 9 Vi 9% 9Vi RKO 7% 7% 7% 7% Warner Bros ... 12.% 12% 12% 12% Tobaccos— Am Sum Tob ... 24% 24% 24'% 24% Am Tob "A” ... 90% 90% 90% 90% Am Tob -B” 93Vi 92% 93,% 92'/* Gen Cigars 57 57 57 57 Ligg & Myers B 102 102 102 102 Lorillard 22% 22% 22% 22% Phillip Morris . 76 75% 76 75 Reynolds Tob B. 53 53 53 52% Rails— Atchison 77 75% 77 75 Atl Coast Lines. 30V* 25% 30 29% BSc O 20% 20% 20% 20 Can Pacific 13% 13 13% 13% Ch Sc Ohio 57% 57Vi 57% 57 % Cni N W pfd ... 9% 9% 9% 10 Dela Sc Hud ... 46% 46 46 45 Del Lac Sc W ... 20% 20 20% 19% Erie 14% 14% 14’/* 14 Vi Erie pfd 23 23 23 22 Gt Northern pfd 38% 37% 37% 37 111 Central 24% 24% 24% 23% K C Sou 26 25 % 26 25 Lehigh Valley 12% 12 12% 12 Lou & Nash 73 73 73 72 M K Sc T 8% 8% 8% 8% M K Sc T pfd ... 23% 23V* 23% 22% Mo Pac 3% 3% 3% 3Vi N Y Cent 37% 36% 36% 36 N Y New Haven 4% 4% 4% 4% Nor Pacific 32% 32% 32% 31% Penn R R 34% 34 34% 33% Sou Pac 35% 35V* 35% 33% Sou R R 18 17% 18 17% Union Pac ... ..133 133 133 132% West Maryland.. 10% 10% 10% 10% Equipments— Am Brake Shoe.. 49 \ 49 49 49 Am Car Sc Fdy.. 35% 35% 35% 35% Amer Loco ... 30% 30% 30% 30 Am Steel Fdy .. 30 Vi 30% 30% 30% Bald Loco 4% 4% 4% 4% Gen Am Tk Car 52% 52% 52% 52% Gen Elec 40 39% 39% 39% Gen R R Sig.... 46 46 46 46 Pullman Inc .... 43% 43 43% 43 West Air Br 43% 43% 43% 43 Westingh Elec ~119% 118% 119% 116% Utilities— Am Sc For Pwr.. 9% 9% 9% 9 Am Power Sc Lit 12% 12% 12% 12% AT&T 165 V* 165 165 V* 164 % Am Wat Wks .. 22% 22Vi 22'/* 22% Col Gas * Elec.. 21 20% 20% 20% Comm & 50u.... 3% 33% 3 Consol Gas 34% 34% 34% 33% Elec Pwr & Lit.. 14V* 13% 13% 14'/2 Int Hydro Elec.. 3% 3% 3% 4% Int T & T.. 17% 17% 17'/a 17% Nat Pwr & Lit.. 11% 11% 11% 11% North Amer 27% 27 27% 26% Pub Serv N J 41 V* 40% 41% 40% std Gas 8% 8% 8% 7% Stone & Webster 19% 19% 19% 18% United Corp 7% 7% 7% 7% Un Gas Imp 16% 16V* 16% 16% Western Union.. 89 88% 89 88 Rubbers— Firestone 31% 31% 31V* ... Goodrich 20 20 20 19% Goodyear 29 Vi 29 29% 28% U S Rubber 29% 29% 29% 29%

—TICKET ORDERS ACCEPTED NOW—--500-MILE RACE • MAY 30,1030 TICKETS READY FOR IMMEDIATE DELIVERY INDIANAPOLIS MOTOR SPEEDWAY CORP. 444 N. CAPITOL AVE. Call RI ley 8605

U S Rubber pfd.. 76% 761* 76% 76V* Miscellaneous— Allis Chalmers .. 48 47% 48 47% Amer Can 122 122 122 121% Am Mach & Fdy 23% 23% 23% 23% Burroughs Add.. 28V. 28% 28V* 28 J I Case 164 163% 164 163 Va Conti Can 81% 81V* 81% 81% Caterpillar Tract 75 75 75 75 Curtis Pub 23 22V* 23 22% Eastman Kodak .169% 169% 169% 169 Foster Wheeler.. 32% 32% 32% 33 Gillette 17% 17 17 17 1 Glidden 50' 50 s , * 50% 50Vi Ingersoll Rand .134% 134% 134% 134 Inter Harv ... 87% 87% 87% 87% Natl Casn Reg .. 2a 28 28 27Va Owens Bottle ...155 155 155 154% Rem Rand 21 Vi 21 Vi 21 Vi 21 Wythington Pm 34 % 34 % 34% 34 V* Foods— Am Sugar . 54 54 54 53% Armour 5 Vi 5% 5 Vi 5Va Boraen Prod ... 27% 27% 27% 27% Cal Packing 34 34 34 33V* Can Dry G Ale. 14% 14% 14% 14% Corn Prod 72V* 72% 72% 72Vs Cuban Am Sugar 12% 12% 12% 11% Gen Baking 13V* 13% 13V, 12% Gen Foods 36% 36 36V* 35V* Gold Dust 20 V* 20% 20% 20 G W Sugar 35V* 35V* 35% 35% Natl Biscuit .... 34% 34% 34% 34% Natl D Prod 23V* 23% 23% 23% Purity Bak 14 14 14 14 Std Brands 16% 16% 16% 16% Un Biscuit 26 26 26 26 United Fruit ... 74% 74 74% 73% Retail Stores— Allied Stores ... 8% 8% 8% 8% Assd Dry Goods. 16% 16% 16% 16% Best & Cos 57 % 57 57% 56 First Natl Stores 45% 45 45% 44% Gimbel Bros .... 10% 10V* 10% 10% Kresge S S 22% 22% 22% 22% Kroger Groc 24% 24% 24% 25 Macy R H 46% 46% 46% 46% McLellan St ... 14% 14% 14% 14% Marshall Field .. 17% 17% 17% 17% May Dept St .. 48% 48V* 48Vi 48V* Mont Ward 45 44% 45 44 Vi Natl Tea 9% 9Vs 9% 9% Penney J C 75% 75 75% 75 Safeway St 33% 33% 33% 33 Vi Sears Roebuck.. 68% 67V* 68V* 67% Woolworth ..... 49V* 49% -49V* 49% Aviation— Aviation Corp .. 7% 7% 7% 7Vi Boeing Aircft .. 22% 22V* 22% 22% Curtiss Wright . 7% 7% 7% 7% Curt Wright A. 18% 17% 18V* 13% Douglas Air ... 71 70% 71 70 Nor Am Av ... 10% 10 10% 1 9% Sperry Corp*... 19% 19% 19% 19V* United Air new 25% 25% 25% 25V* Chemicals— Allied Chem ..206% 204 206% 203 Vi Am Com A1c0... 29% 29% 29% 29% Com Solvents . . 21 s /* 21% 21% 21% Du Pont 151‘/2 150 Vi 150% 150V* Liquid Carb .... 41 Vi 40V* 40V 2 40% Math Alkali ... 32% 32'/* 32% 32'/* Natl Dis (new) . 32% 32V 2 32% 32V* Schenley Dist .. 47 46% 46% 46% Tex Gulf Sulph . 34% 34% 34% 34% Union Carbide . 84% 84 84% 83% U S Ind A1c0.... 56V* 56Vi 56'% 55'% Coty Inc 6Vi 6'/* 6'/* 6'/* Lambert 32 23 23 22% Un Drug (newt-. 14'/* 14‘/ 14'/* 14% Zonite Prod .... BV* BV* BV* BV* Financial— Adams Exp 12% 12% 12% 12% Allegheny Corp.. 3% 3% 3% 3% Am Int Corp ... 11% 11% 11% 11'/* Chesa Corp 65% 65'% 65'% 64'/* Lehman Corp ... 96% 96'/* 96'/* 96'% Transamerica .. 13 V* 13% 13% 13% Building— Am Radiator .. 23% 23'/* 23% 23 Vi Gen Asphalt ... 32'% 31% 32% 31% Holland Furnace 39 39 39 38% Int Cement 49 49 49 47% Johns Manville 112 110% 112 109% Libby Owens Gls 61 60V* 61 60 Otis Elev 30% 30'% 30% 30% U S Gypsum 101 101 101 99'% HouseholdCol Pal Peet .... 18% 18% 18% 18'% Kelvinator 23'% 23 23'% 23 Mohawk Carpet.. 27 27 27 26% Servel Inc 22% 22% 22'/* 21V* Simmons Bed ... 32'% 31% 32'/* 31% Textiles— Amer Woolen ... 10% 10% 10% 10% Belding Hem .... 15% 15% 15% 15'% Celanese Corp .. 28% 28% 28% 28% Collins Aikman.. 48'% 48 48V* 47'% Gotham Hose .. 11% 11% 11% 11% Indus Rayon ... 30'/* 30'% 30’/a 30 Other Livestock (By United Press) CHICAGO. April 2. —Hogs Receipts, 9000. including 2500 directs. Fairly active, steady to 10c higher than Wednesday's average; weights below 180 pounds showing advance; top, S10.80; bulk, 160-250 lbs., $10.50® 10.80; 250-300 lbs., $10.40® 10.65; 300-350 lbs., $10.25®10.45; I'4o-160 lbs., $10.25® 10.60; sows, $9.35®9.80. Cattle—Receipts, 5000; calvesh, 1500; fed steers and yeralings, slow; steady; little more active than Wednesday; strictly choice kinds absent; best, $10.35; bulk. $7.50®9; sprinkling light offerings, $9.25 and $9.50; she stock strong, active; weighty cutter cows up to $5; beef cows less active than heifers, but all cows very scarce; bulls firm; bulk best, $6.15; prospects 50 cents lover on choice light vealers at $8®8.50; strictly good to choice steady, $9.50®10. Sheep —Receipts, 10,000; slow; fat lambs, steady to weak tending lower; early bulk choice few western. slo® 10.35; under 96 pounds weights selling to shippers at outside price; top, $10.40 paid by city butchers; some held higher; other classes very scarce, about steady; best wooled ewes, $5.50 FORT WAYNE. Ind.. April 2.—Hogs— Steady; 160-180 lbs., $10.75; 180-200 lbs.. $10.65; 200-225 lbs.. $10.55; 225-250 lbs. $10.45; 250-275 lbs., $10.30; 275-300 lbs.. $10.20; 300-350 lbs.. $9.95- 140-160 lbs $10.20; 120-140 lbs., $9.90; 100-120 lbs.. Ss 65; roughs, $9; stags. $7.25; calves, $10; lambs, $9.75. LAFAYETTE. Ind., April 2.—Hogs—Market. steady to 5c lower; 170-210 lbs $10.60® 10.70; 210-235 lbs., $10.40® 10.50-235-260 lbs., $10.20® 10.30; 260-325 lbs." $9 90 ®10.10; 150-170 lbs., $10.50; 100-150 lbs. $9.50® 10.25; roughs, $9.25 down. $9.50 down. Lambs—s9.7s.

U. S. LAND BANK KEPT BUSY BY STATEFARMERS Loan Applications Total $489,000 in 2-Week Period. A total of 148 applications for loans aggregating $489,000 were received from Indiana farmers by the Federal Land Bank of Louisville, Ky., during the first two weeks of March, Clarence Manion, Indiana director of the National Emergency Council, announced todayV During the same period 116 loans, amounting to $292,500, were closed.

The real estate sales division reported the sale of 12 bankowned farms in Indiana during the first two weeks of March for a total consi de r a tion of $40,350, Mr. Manion said. Collections of the bank continue to be satisfactory.

Many Attend Meetings Annual stockholders’ meetings of National Farm Loan Associations are now in progress over the state. Approximately 16,000 borrowers attended meetings held up to March 14, where a bank representative was in attendance. In addition, nearly 2500 borrowers have attended meetings at which a bank representative was unable to be present. Approximately 150 more meetings remain to be held, Mr. Manion indicated. Commenting on the fact that uie attendance at these meetings has averaged 28 per cent of the membership, Mr. Manion said: “Officials of the Federal Land Bank are gratified at the interest which has been taken in these stockholders’ meetings and feel that a forward step has been made in bringing the farmer-borrowers closer to their local association. It is certain that they will become more co-operative-minded as to their obligations and responsibilities.” S7OO Loan Negotiated He also reported that the applications received by the Production Credit Corp. have increased encouragingly and that collections from Indiana have been good during the last two weeks. Many loan applications are being received which include the purchase

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Lots of Limestone Carloading $ from the Indiana limestone district shoic an increase of 51 per cent for December and January over the corresponding period last year, the Indiana Building Stone Association reports.

Local Securities (By Indianapolis Bond At Sharp Oorp.) The following quotations do not ro---resent actual bids or offerings, but merely indicate the approximate market level on buying and selling inquiries or recent transactions. BONDS Bid. Ask. Home T & T Tort Wayne 6% . 104 105 Home T & T Fort Wayne 6 .103 I*6 Indianapolis Railways Inc ... 65 a* Indianapolis Water Cos 4%5..10 108 Indianapolis Water Cos 5 105 107 Indianapolis Water Cos 5 ...105 107 Tdianapolls Water Cos 5' 2 194% 10 Indianapolis Water Cos 5% ..104% 106 Interstate T & T 5% 97 99 Kokomo Water Works 5 104 105% Morris 5 & 10 Stores 5 100 103 Muncie Water Works 5 103% Noblesville Heat Lt Pwr 6%.. 98 100% Ohio Telephone Serv 6 97% Richmond Water Works 5 ..105 106% Seymour Water Cos 5 101 104 Terre Haute Trac Sc Light 5 106 108 Terre Haute Witer Wks . . 102 104 Terre Hs.ute Water Works ... 103 105 Traction Terminal Cos 5 75 78 STOCKS Belt R R & Stock Yards Com 53 55% Belt R R & Stock Yard pfd 6 53 Central Ind Pwr pfd 7 19 22% Home TANARUS& T Fort Wayne 7 . 53% 54% Kook Drugs Inc com 17 18% Ind & Mich Elec Cos pfd 7 103% 106* 2 Ind General Service Cos 6 ... 97 99% Ind Hydro Elec Cos 7 54 57 Indianapolis Gas Cos com 6 .. 34 37 Indpls Pow &-i,t Cos pfd 6 .... 90% 93% Indpls Pow & Lt Cos pfd 6% 94% 97% Indianapolis Water Cos pfd 5 102 105 •North Ind Pub Serv pfd 5%s 63% 66% •North Ind Pub Serv pfd 6.. 73% 76% •North Ind Pub Serv pfd 7... 80% 83% Progtess Laundry Cos com .... 10 11% Pub Serv Cos of Ind pfd 6... 21 24 Pub Serv Cos of Ind pfd 7... 43% 46Vi South Ind Gas & Elec pfd 6 98 101 Terre Haute Electric Cos 89 91% Union Title Cos com 19% 21% •Ex-divldend. Chicago Grain Futures (By James B. Bannett & Cos.) 9:00 Prev. Wheat— High. Low. A. M. close. Mav 98 .95% .95% .96% July 85% 84% .84% .85'* Sept 83% .83% .83% .84 % Corn— May 60% .60'% .60% .60% Julv 60% .59% .59% .60 Sept 59% 59% .59% .59% Oats— May .25% .25% .25% .26% July 26% .26 .26 .26% Sept 26% .26% .26% .26% RyeMay 52'.* 52 .52 .52% July 52 .51% .51% .52'/* LOCAL CASH MARKET City grain elevators are paying 89 cents for No. 2 soft wheat. Other grades on their merits. Casn corn new No. 4 yellow 48 cents and oats 18 cents. of work stock and funds for the production of the 1936 crop although the majority of the loans include the purchase of productive live stock. The Bank for Co-operatives consummated one loan in Indiana during the two-week period for S7OO, Mr. Manion asserted.

Manion

CREDIT -f ? DENTAL to'Reliable aV Once, SAFE, EASY TOOTH EXTRACTION X-RAYS FID LINGS Open 8:30 A. mT7o~ 5:30 BRIDGES CROWNS £• **.—Sat. ind Wed. mjrjjllJjdjLJuAX : __ ~ ... Evening* and Sunday PLATES and All Dentistry >oon 41 E. WASH. w ,„,gg OHl ,, ~204 KRESGE BLDG.

SWINE MARKET HOLDS STEADY AT CITY YARDS Receipts Estimated 3000; Cattle Prices Uneven; Veals Higher. Although receipts were estimated at only 3000, the pork market maintained a steady trading range today at the Indianapolis Union Stockyards. Initial demand was limited among the various classes with traders awaiting for further developments. Holdovers numbered 200. The bulk of 160 to 225 pounds sold at $10.75 to $10.85, while the top price held at $10.90. Extreme heavies, ranging from 300 to 400 pounds, cashed in at $9.80 to $lO.lO. Light slaughter pigs, from 130 to 160 pounds, brought $10.15 to $10.65. Packing sows held at $9 to $9.75. An uneven trend developed in the cattle market. Most classes of steers were steady to Weak, while cows and heifers were unchanged to strong. The bulk of steers sold at $6 to SB. Heifers held at $6.75 to $7.50. Receipts were 700. Vealers were sharply $1 higher. Bulk of good and choice sold at $lO to $10.50. Receipts were 500. The lamb market was scarce and unchanged with hardly enough stock on hand to establish a trading range. Few odd heads of common quality lambs sold at SB. Receipts were estimated at 600, including around 400 directs. FRUITS AND VEGETABLES , (By United Press) CHICAGO. April 2—Apples—Michigan Mclntosh, bu.. 65c® $1.25. Carrots—lllinois. bu.. 20@25c. Sweet Potatoes—Tennessee. bu., 90c®$1. Beans—Florida, bu., $2.50®i3.75. Cabbage—Texas, crate, *1.50® 1.75. Peas —California, bu. hampers, $2.75® 3.25. Spinach—Texas, bu., 50((i;75c. Lettuce—Western, crates 5 doz., $2®2.25. Celery—Florida, crate. $2.50® 3.25. Tomatoes —Mexican lugs, [email protected]. Cauliflower —California, crate, $1.50® 1.75. Onion market |SO-lb. racks). Illinois yellows. Michigan yellows. 40®60c: Idaho Spanish, 95c; Texas yellow Bermudas, $1.65.