Indianapolis Times, Indianapolis, Marion County, 2 June 1936 — Page 13
renas
Views Differ As to Handling of Relief.
breast of The
imes on
»
finance
*
TUESDAY, JUNE 2, 1936
PAGE 13
The dollar volume of retail francing of new passenger automobiles gained 61 per cent in April, 1936, as
compared to the same month last year.
The increase
over the preceding month was 24 per cent.
ewes BY JOHN T. FLYNN
EW YORK, June 2—When Republicans meet at Cleveland they will have to agree upon 2 plank about relief. What will it be? The Democrats, of course, will endorse what President Roosevelt hase done. He has (1) Provided millions for relief of the unemployed; (2) Gotten the money ; wholly by borrowing it from the banks; (3) Paid it out in doles and in work-relief on: made-work projects and 4) dministered the whole job entrally from Washing: ton. | The | Republicans must now take a position on these four |propositions. | First, what about providing the millions for relief? Aparently all recognize that relief must continue, though they have divergent views about its ad- . ministration. Hence they will have to declare in favor of a continuance of relief. Landon, Vandenberg, Borah all take this view. They may talk about reducing expenditures. But do they mean relief expenditures or others than those for relief?
Flynn
” n n
ECOND, where is the money to come from? Five Republican clubs, the National Republican Club, the Women's National Republican Club, the Republican Builders, the Young Republicans of New York and the Young Women’s Republican Club of New York—have adopted a recommendation on relief. They urge a balanced budget and so do the leading Republican candidates. This means that they propose that Federal borrowing shall cease. If that is so, then they favor raising relief funds by taxation. Senator Vandenberg is most explicit. He says he favors income taxes for this purpose. Senator Borah and Mr. Landon are the most vague. Mr. Borah says he is against raising more taxes. But .the money must be raised by taxes or borrowing. There is no middle ground. Third, how will the money be. spent? Apparently most of the Republicans answer this question by answering the next one—who shall spend it? They insist relief be administered by the states. All seem to agree that the money must be provided by the Federai government, but that it shall be allocated to the states to be administered in their own way, each state being responsible for its own prob-~ Jem. Hence states will decide whether the money will be expended in doles or work relief. " UT a slight difference arises. Senators Bprah and Vandenberg seem to favor Federal grants to states. The Republican clubs favor Federal loans to the states. And so, without discussing the relative merits of these positions, we can understand the difference between Republican and Democratic attitudes on relief. The Democrats and Republicans favor a continuation of relief. but ihe Republicans think the job can be done for less money. The Democrats favor raising funds by borrowing, but gradually reducing borrowing and raising taxes, while the Republicans favor taxes. But both favor providing the funds through Federal resources. The Democrats favor administration by the Federal government, the Republicans favor administration by the states. The Democrats favor work relief as much as possible, while the Republicans would leave the decision to the states, with a large section favoring doles rather than work relief.
(Copyright.
Other Livestock
(By Times Special)
LOUISVILLE, June 2.—Cattle—Receipts, 175: salable supply slaughter cattle light; general quality plain: mostly she stock and plain steers and heifers; market quotable about steady: bulk steers and heifers salable. [email protected]; only strictly good baby beef type vearlings quotable above $8: bulk beef cows. [email protected]: good kinds scarce; eligile around $6; sausage bulls considered salable mostly [email protected]; stocker trade dull at Monday's decline; most li ht heef type stockers ‘and stock calves, [email protected]. lain light southern dairybreds generally 8. Calves—Receipts, 300 market good to choice ¥Tadss:
” *”
1936. NEA Service. Inc.)
er; ¢ $20: 185 10 $9.05; : S.. ol HR ts, 2506. run SY spring ‘lambs; enerally quality desirable; springers openng mostly 25c lower onday's close or fully 25@50c iy he average that day: good to horas trucked in ewe and wether. springers, $10.75@11: bucks mostly $9.75@ 10. most medium and lower grade springers, $8@ 9.50; clipped ears ao erally. $7.50@8. 30; ‘clipped ewes, $3 own to around $1.50.
Produce M arkets
ices quoted are paid for stock Bren) in the country. while delivered fa Indianapolis the price is a cent higher, Heavy breed hens, Leghorn bre d ~ hens. 12c: colored s I ers. 2 lbs. an up. full feathered, 22c; horn springers ih pounds and up, full eathered. 136, DavebacK broilers, heavy type, 13c: o cocks. 8c: ducks, white, 5 lbs. 2nd vel, 7c: geese, full feather. all size Wa uineas, 1'2 lbs. and up. No. 1 stric f fresh eggs loss off, Voc: A iered in Ina 17c. Each full case must weigh 5 ibs. gross: & Jeduction of ae. rents a 8. W pound Sah aoe: No. . 2, 38h @a9tic.
Butterfat, 2 ey unit ed Press) : Jun gs — Market
CAGO. 2. — Eg receipts, Se. 157 “cases: gitady: 20¢: Pur
steady: ipts. 38 trucks; fe sess es ng chick ens, Ba 15@1 turkeys, 1 hon hens, 13
3@ Qaistes, 3 otatoes._New , Jioderate, SE ka SS 8 WHE
3.70: Texas Cobblers. 5 % : AT Trium: Ss. $2.85: old stoc i: deland Jght, Rig Arrivals. 71; on track, Ong
I . FRUITS AND VEGETABLES (By United Press)
pu dL38ai50. Sweet
{ Sia ughter Pig 100-140)
SWINE PRICES TURN 15 T0 25
CENTS LOWER
Cattle Active and Steady; Lambs Again Drop Sharply.
The continuation of extremely
heavy shipments at the Indianap-|
olis Union Stockyards today resulted in a general decrease of 15 to 25 cents a hundred pounds in all classes of hogs, forcing the top price for good and choice kinds down to $10.15. Total receipts were estimated at 7500, including approximately 218 holdovers. The heavy supply was attributed to slightly higher prices being paid here than at surrounding livestock markets. Eastern demand, offset mostly by liberal supplies, was reported weak today.
Bulk Prices Shown
The bulk of good and choice hogs, scaling 160 to 225 pounds, cashed in at $10.05 to $10.15, while medium weights, from 225 to 260 pounds, sold at $9.80 to $10.05. Extreme heavies, from 300 to 350 pounds, brought $9.35 to $9.55. Lightweights, ranging from 130 to 160 pounds, were offered at $9.35 to $9.85. Packing sows held at $8.10 to $8.75. Steers and heifers were active and steady in the cattle market. Early indications, however, were slightly lower on beef cows. A small lot of yearling steers and heifers ranged upward to $8.50. Bulk of steers sold at $7.65 to $8, and heifers from $7.50 to $8.25. Receipts numbered 2200.
Veals Are Steady
Vealers continued unchanged in face of heavy receipts. The bulk of good and choice grades soid at $8.50 to $9. Total supplies were reported at 1000. Trading developed slowly in lambs, and prices were steady to mostly 50 cents lower on both spring classes and clipped yearlings. Top of springers held at $11.50. Few clipped yearlings ranged downward from $9.50. Slaughter ewes were unchanged, selling at $3.50 down. Receipts were 700.
HOGS
Receipts. 7500 50090 6000 4000
" 7000 7500
Top. 10.20 10.10 10.10 10.30
10.30 10.15
Bulk. [email protected] 10.00@ 10.10 [email protected] [email protected]
[email protected] 10. 05 10.15 Light lights 1140- =160) ‘Good and choice. .$ Mediu (160- "180) Medium (180-200) Good ‘and choice. Medium .... (200-220) Good .and choice. 1220-250) Good and choice. Heavyweights 1250-290) Good and choice. (290-350) Good and choice. Packing Sows. 1275-350) Good
"Good and choice.
39803
399
V
1275-350) Mexium
Good and choice. Medium Cattle —Receipts, 2200— (550-900) Choice Good
Good Mediu it (1300- 1500) "Choice Good Heifers
(550-750) Choice Good Common and ‘medium. .... (750-900) Good and choice. Common and medium Cows
Common and medium ... Good Low cutter ‘and ‘cutter “ Bulls, goo . Cutter, com. and med. bulk. . VEALERS —Receipts, 1000—
Good 2 choice Mediu
Cull pv common
(250-500) Good and choice.. Common and medium eed and ToT Cail) (500-800) Good and choice. Common and medium
! (800-1050) Good and choice
Common and medium
Goo alia and medium SHEEP AND LAMBS —Receipts, 700— [email protected] [email protected] [email protected] 7.508 9.00
9.00@ 9.95 8.00@ 9.00
Ewes. (90-170) Good and yShoice. . pe 3.75 Common and mediu 2.00@ 3.25 {Sie and Iam quotations on clipped basis.) Note—Effective June lambs born in the spring of 1935 UR ise as yearlings.)
Other Livestock
BY | United Press) AGO, 2. — Hogs — Receipts, 18, G00. ian 8000 girects: steady 0 Lo r than Monday's average: 0-250 ny '[email protected]; 156: bs. 8. 78@10; 250-350 lbs., $9.60@ 10; sows. [email protected] top. $9. 25. Cattle—Receipts, 8000 ver 2500; weighty steers steady, dressing conditions better; ey medium weight steer run, all grade 1 cattle 10 to 15 cents higehr; she ho showing advance, cows very scarce and heifer run slow; bulls and Yenlers strong, best weighty steers earl 35 yearlings, .60; several loads held above $9, but largely [email protected]; best fed heifers, $8. 25 cutter cows, ‘down: weighty sausi bulls. $6.25 down; up to $9.50 being pa ald on choice vealers. Sheep—Receipts, 5000; flow. Jostly steady; early bulk springers, $11@12; few. $12.25; most shorn ewes, $3@ 5.75; few. $4. nd., Jun Si hos market, : 170- 210 . $9.90@
$10 down: soring lambs, $11 down. XT WAYNE. Iad.. June 2 Hogs, 10c 160-180 Ibs. $10.05: 180 1bs., 200-225 lbs.. $9.85: 225-250 1bs., $9.75: $30.37 Ibs.. $9.60: Tan lbs. $9.50: 350 lbs. $9. 25: 140-160 1bs.. $9. 75; 120- 140 Ibs., $9.60; 100-120 Ibs.. $9. 45; roughs. $8.25; stags, $6.50. Calves, $9. Lambs, $1i.
CHICAGO GRAIN FUTURES ° (By James E. Bennett & Co.) 9:00 - WHEAT— A.M.
83% 83% 85%
Jower }
Prev.
591% 56% S22
245 .25 26
New York Stocks
(By Thomson & Aviation— Aviation Corp.. Boeing Aireft .. 21s Curtiss Wright . 612 Curtiss wright A 16% 27 Douglas Air 53% 16% Nr Am, i FA 1
McKinnon) NY ms High Low Ciose > Oils— Atl Rig Barnsdall Consol Oil .... Cont of Del ... Houston (new).. Mid Cont Pet .. Ohio Oil Pet Corp Phillips Pet
27% 16'2 11% 28% 8%, 19% 13 12% 40%
27 15% 113, 11% 28'2 282 8% 8 19% 19% 13 13 123% 39% 17% 17% . 31%; 17% 3
. 3% 4
8% 3 199, « hited & Sate Nn 24%
Chemicals—
Air Reduction.. Allied Chem . bon
wees Freeport Tex.... Math Alkali.. Monsanto Chem
Natl Dis (new)..
% U 8 Indus ro. 37Y2 Drugs—
Coty Inc Lambert
Un Oil of Cal Steels
Zonite Prod ... Finapcial—
Adams Exp . Allegehny Corp. . Am Int Corp.. TS meoD : Tr Contl Corp ..
Building— Am Radiator Gen Asphalt ... Holland Furnace 4 Int Cem z . 4 Johns Manville : Libby Owens Gls Otis Elev U 8S Gypsum....
Household— Col Pal Peet .
Otis Steel 15% Rep Iron & Steel 20Y, Rep dron-Su pid 38
Warren Eros .. U 8S Steel pfd . “125 Youngstn & T 62%
Motors—
2 94
14%, 20% . 25 Proc & Gamble. . 41% Servel Inc ..... 2213 Simmons Bed .. 287%
eo Studebaker Textiles—
Yellow Truck ...
Motor Access— Amer Woolen ... 9%
Belding Hem . 14 Celanese Corp .. 23's Collins Aikman... 431% Indus Rayon ... 26%
Chicago Stocks
(By Atkins, Hamill & Gates) Noon
2672
Elec tito Lite. Elec Stor Bat Greyhound Houdaille Murray Body. Stew Warner.. Timken Roll
6 Timken Det Axle Py . Associated EF vestors Mining— Bastian-Blessing Alaska Jun .... 14 Berghoff Am Metals 7 5s | Batier Brothers ........ cesar Am Smelt Cities Service Ansconds Commonwealth Edison Continental Steel or
Prev. Close. 3% 41 12%, 122 9% 4Y, 100
32
Asbestos Mfg
gal 3 De Pasco Dome Mines ... Howe Sound Ins Copper Int Nickel .. Kennecott Cop . McIntyre Mine. Phelps Dodge. St Joe Lead .. U S Smelters .. Vanadium 1
General Household Ea Grt Lakes Dredge
Standard Dredge pfd Williams Oil-O-Matic Vortex Zenith
New York Curb
(By Atkins, Hamill & Gates)
Amusements—
Crosley Radio, . Loews Inc .... Radio Corp Paramount Warner Bros
P. M. Tobaccos— N.Y. Am Cyanamid “B” ...... cone. 39% Am Gas & Electric Am General Am Superpow Ark Natural Gas Atlas Corp Canadian Indust Alcohol “ Carrier Corp Creole Petroleum Corp Elec Bond & Sh Fisk Rubber Ford Motors Canada Glen Alden (1) . Gulf Oil gop of Pen Humble Oil Re Refaing Co... Huyler's of Del pfd 14 Hygrade Food Int Vitamin . pi Imperial Oil of Canada Lake Shore Mines . Molybdenum Corp of Amer .. Natl Bellas Hess Inc Niagara Hudson Pwr Pan-American Airways Pennroad Corp Reliable Stores Corp Salt Creek Producers Assn Sonotone 213; Stutz Motor Car of Amer 24 " s Technicolor Inc 16 6 Wayne Pump 8%
Lorillard wa Phillip Morris Reynolds Tob B 5
Rails—
Atchison Atl Dot hs B & O
LF Ce
Dn 0 Gt Northern pid 111 i
Mo Pac pfd .... Cent
Norfolk & West 27517 Nor Pacific 307 Penn Sou Pac Sou R R West Maryland.
Equipments— Am Brake Shoe. 467; Am Car & Fdy. 35% .. 2814 . 315% 3% 30% 377
Investment Trusts
(By Thomas D. Sheerin & Co.) Bid
a 35 281% 31 3% 4934 37Ys 47 391% 112%;
. Asked Administered Fund 2d $17.47 Affiliated Fund, Inc. American General Equities. . American Business Shares .. Bullock Fund, Ltd. Broad Street Investing Century Shares Trust Collateral Tr. Shares ‘““A”.... Corporate A A or Accum (M) Corporate AA or ACC unmod 2.65 Corporate Trust Shrs (orig).. Diversified Trustee Shrs B ... Diversified Trustee Shrs Sa
Gen Am Tnk Car ! a Gen Elec ie 1.12 Pullman Inc ... 48% 17.40 West Air Br 1a Ya
Westingh Elec. Utilities—
Am & For Pwr. Am Pw & Lit. AT &.T . Am Wat Wks . Col Gas & Elec. Comm & Sou.... Consol Gas o Elec Pw & Iit.. Interboro R T .. 1
TE “A”
71% 1134 3
TVa 11%
Diversified Trustee Shrs Dividend Shares, Inc. . General Investors Trust Incorporated Investors .. *Investors Fund Amer ... .99 Market St. Investment Corp. 29.60 *Maryland Fund 18.00 Massachusetts Investors Nation-Wide Sec Co B Nation-Wide Voting North American Tr Shs 1955. North American Tr Shs 1956. North American Tr Shs (orig) Quarterly Income Shares ... Selected Amer Shares Inc .. Selected Amer Shares (orig) Selected Cumulative Shares. Selected Income Shares State Street Invest Corp .... Super-Corp of America AA. Super-Corp of America BB. Super-Corp of America A .... 4.13 Super-Corp of America B.. 4.32 Super-Corp of America C .... 8.08 Supervised Shrs Inc (Del.) . . 13.05 Trustee Stnd Oilshare A '... 6.81 Trustee Stnd Oilshares B .. Trustee Stnd Investment C. . Trustee Stnd Investment D. United Stnd Oilfunds Uselps A Uselps B Uselps Voting *Ex-Dividend.
Money and Exchange INDIANAPOLIS STATEMENT Clearings Debit: ". 819, ,000
Ut Pwr & Lt A Western Union.
Rubbers—
Firestone Goodrich Goodyear U S Rubber US Rubber ‘ptd
Miscellaneous— Allis Chalmers... 44%; Am C 129%
an Am Mach & Fdy 24 Anchor Cap . . 195 Brklyn Man Tr. 463 Burroughs Add.. 28 JIC 162
2.84
243, 283; 70 1a
Curtis Pub . : Deere & Co . Rogier Wheeler. .
TREASURY STATEMENT (By United Press) - { WASHINGTON, June 2.—Government expenses and receipts for the current fiscal Year to May 29, as compared with a year ago
This Year Last Year .$6,532,693,895.71 $6,470,205,136.21 :73586,741,461.79 3.336,733.840.79 iY 945, 592, is a 3 133, A411, 25. 42
Qens Bottle. . em Rand . .... i ®
Foods—
Armour Beatrice Crmry.. 22 Borden Prod . Cal Packing Cont Bak A .... Corn Prod
Expenses . Recei Is. . Deficit
3s, 176; 319. 93
20TH CENTURY MIMEOGRAPHING BEMIS LETTER SERVICE LI-6122
yl. 830,075. 64
Foods Gold Dust re G W Sugar .... Natl Biscuit .... Natl D Prod ... Purity Bak S Porto Rico Sug Std Brands Ward Bak B
Retail Stores— Allied Stores as Good
MERCHANTS Bank Bldg.
Woolworth ....
-
49%
and gladly furnish quotations on:
Bonds 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 EAST MARKET STREET
RENTS ADVANCE
New York Bonds
BUT ARE BELOW BUILDING COSTS
Institute’s Index Registers, Gain of 21.2 Per Cent Since January, ’34.
Inds. TORY +svvveses 30.7 Friday ........ 90.6 Week ago ..... 90.5 Month ago .... 90.2 Year 8g0 ...... 86.6 1936 high ..... 93.4. 1936 low ...... 90.0 (Copyright. - 1936. by
91.9 91.7 91.2 89.6 76.4 95.6 84.7
U. S. Treasurys
Times Special NEW YORK, June 2.—Rents have risen until in April the level was 21.2 per cent above the depression low reached in January, 1934, said a bulletin released today by the Alexander Hamilton Institute.
“Rents were still well below the cost of building in April, however,” the statement said. “This discrepancy is the major reason why building in the current expansion movement has recovered only a small part of the ground lost during the depression.”
Rise Stimulated Business
The rise in rents began in February, 1934, the article stated, ana has been one of the primary factors in’ what gains have been made in the building industry. The Institute’s rent index, based on 1926.as 100, was 61.8 at its lowest. In April it had risen gradually to 749 as compared with 73.7 the preceding month and 68.7 in April, 1935. The “cost of building” index was at 97.8 -at the beginning of May.
‘Building Trend Unfavorable’
“It is apparent that a further expansion of building activity depends on either a further rise in rents or a reduction in huilding costs,” the
report said. “At the present time the trend of building costs is not favorable, the index having risen from 93.7 in December to the current figure of 97.8. A year ago, the index was 93.3. “Rents, however, may show some further rise. Rents lag behind commodity prices and they have not yet accounted for the full rise in prices. The difference, however, is only slight since commodity prices
1947-52 ..
DOMESTIC
Alleg Corp 5s ’'44 Alleg Corp 5s ’49 Am Frgn Pow 5s 2030 Am Tel & Tel 5'2s '43 Am Tel & Tel 5s '65 Arm & Co (Deb) 4s Atl Coast Line 4s ’'52 Atl Coast Line 4'2s '64 Atch Top & S Fe 4'as . Am Rollin Mik 4,8 Balt & Ohio . To, "60
Pitt 4155 69
Can Pac Perp 4s Cent Pac 5s ’'60 Big Four 4s Colorado & So
Chi & Nor West 43s Shesa gorD 5s '47 Del & Huds 4s
Grt Northern 7s ’'36 Grt Northern 4'%s '7 6 Grt Northern 4s ’'77
Ill Cent 435s ’66 Ill Cent Jt 42s ’63 Ill Cent 5s ’63 Interlake C & I 5s '51 .. Interntl Hy Elec 6s 4 4 ... Interntl Tel & Tel 4's ’39 Interntl Tel & Tel 5s '55
DAILY BOND INDEX 20 20
Chi & West Ind 5%s '62 ....
Gen Cable 5%s "47 ......... =
Gen Stl Cast WW 5'%s ’49 .... Hud & Manhat Ref 5s 57 "....
20 60
Rails. Utils. Bonds.
105.4 105.4 105.4 104.3 97.4 105.5 103.5
. 96.0 95.9 95.6 94.7 86.8 97.9 93.3
Standard Statistics)
GOVERNMENT BONDS (By Abbott, Proctor & Paine)
101.17 102.27
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> 43 vesaves 38 .....
have not advanced over the past year. Consequently, unless ‘commodity prices renew their upward movement, it may bé expected that the rise in rents will soon be halted at a level not far above the present one.
(By Lyons & Co.)
Asso Tel 4s ’86........ B & O 4'%s ’39.. Brooklyn Edison 3%s "66 Brooklyn Man Tr 4'2s '66 Cal Ore Pwr 4s ’'60 Cent Maine 4s ’60 Cent Ill 3%s ’60 C & A and Re pimp, 3158 '96. Chiao. Un er 3%s ’63 Chi West In 4%s Jer Cinn Un Term 3s Cleve Elec Tum $s’ tes Cleve Tractor 5s Columbus RE ay 4s ’65
Set-Back Likely
“Commodity prices have lately shown a tendency to weaken and there is evidence that a recesison is under way. Jf this proves to be the case, rents may be lower next year
than at the present time. Under such conditions, the recovery in building activity is likely to receive a setback. Such a set-back, however, should make for lower building costs which would result in a renewal of the building expansion movement. “Building contracts awarded in the field of private enterprise rose in April to a new high peak for the recovery movement. The increase over the March volume, amounting to 20.8 per cent, was much greater than the usual seasonal gain. The average increase from March to April during the previous 11 years was only 4.2 per cent. As compared with the volurae in the corresponde ing month last year, contracts in April showed an increase of 87.7 per cent. For the first four months, the increase over a year ago amounted to 100.7 per cent.
Consolidated Ed 3%s ’46.. Consolidated Ed 3's 38 - Consumer Power 32s ’76 . Cudahy Pkg 3% Pkg 4s Eastern Gas & Elec W 4s 3. Edison Illus Best W 4s ’58.. Iowa South Util Plas 50 Kansas PL 4's ’65
& E 4s 4s ’45
65 Minn Gas & Lite 4s '50. Monon W Dr 4%s ’60.. NY Edison 3s ’65.
’65 Pacific Lite 4%es 45 . Pacific G Penn rel 4s ve Pub Serv N BH oes ign oo. . Railway & Lite 4%s 55... Saguenay Pwr 4% San Deigo G
S So. Western G E Union Pacific is Si West Penn 3'2s ’'71 Wisc G D 3% g Youngstown Sriet & T 4s '61. Ygstwn Sht & T Deb 3's 51.
Conn River P & L 3%s '61....
New Bond Issues
Ask. 1057s
98%a 102%;
‘97% 1033s 05%
10074 10674
m0... 98%
06 105% .108
. 983%
.106%s
Interntl Tel & Tel rg 53 . Rob 5'%s
teel 4s Nickel Plate 412s "18 . Nickel Plate 5%s "74 . N Cent 5
Nor Pac 3s 2047 Nor Pac 42s 2047 Nor Pac 6s 2047 New Orleans Term 45155 .. Otis Steel 6s '41 Penn Ry 4Ys "84 Penn Ry 4Ys "81 : Pac
P L4 Postal Tel Cab 58 '53 m Rand WW 5%s '4¢ 7.....109 Shell Union Oil 5s '47 ... . 97 So 28 '68
Sou Rail 6'2s ’'56 3 Sharon Stl Hoop o> 28 48 ..... Texas Pac 5s 105 Texas Pac 5s ar Unjted Drug 5s U_S Rubber 5s ’47 NY NH & Hart 6s Warner Bros 6s '39 Western Mary 5'%s aif Western Mary 4s 2 Youngstown & T Youngstown S & T 5s "78 ...
FOREIGN Argentina A 6s '57
Argentine B 6s '58 Canadian Sow 33
-105.11
62s ’ Tokio City Sas 81 Yokohama 6s ’61 ..
Local Securities
(By Indianapolis Bond and Share Corp.) The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level based on buying and selling inquiries or recent transactions.
BONDS
Bi T & T Ft Wye 5's 5 +193 T & T Ft Wye 6s '43. Railways
e V Interstate T & 4 .v Kokomo Water Works 5s "56 . Morris 5 & 10 Stores 5s '50.. Muncie Water Wks 5s ’65 Noblesville H L & P 62s '47.. Ohio Telephone Serv 6s ‘47 .. Richmond Water Wks 5s °57.. Seymour Water Co 5s '49 1 Terre Haute Tct & L 5s "44 .. Terre Haute W Wks 5s '56.. Terre Haute W Wks 6s '49.. Tct Terml Co 5s 57 1
STOCKS
Belt Rail & 8 Y Com ...... 5 Belt Rail & S Y Pfd oes DY Central Indiana P pfd 7s ... 20 Home Tel & Tel Ry . 52%2 Hook Drugs Inc 17% Ind & Mich Elec oy pfd 78. 103 Indiana Genl Serv Co Ts 98 Indiana Hydro Elec Co 7s ... | 54 Indianapolis Gas Co Com Indianapolis P & L ct pfd 6s . 88 Indianapolis P & L ct pfd 6'2s 93'%2 Joaianpals Water Co pfd 5s..102%2 North Ind Pub Serv pfd 5's 7 North Ind Pub Serv Pe. Js. . 33 North Ind Pub Serv pfd 7 82 Progress Laund Co oh 1 Pub Serv Co of Ind pie 6s. 20%; Pub Serv Co of Ind pfd Southern Ind G & Elet ta Ss s 100 Union Tile Co Com ....... «20
Terre Haute Elec Co 6s Unlisted Stocks (By Blyth & Co.) NEW YORK BANK STOCKS
Bankers Trust . Central Hanover. Chase Chemical
Cont Ill Chicago First National Boston National Shawmut FIRE INSURANCE
Aetna Fire Ins American Ins of Newark Baltimore American City of New York .. Federal Ins Franklin Fire Great American Ins Hanover Hartford Home Ins Vena Ins Co of A .... National Fire North River
PO viva niss Westchester Pire
LOCAL CASH MARKET
City grain elevators are paying 85 cents for No. 2 soft wheat. Other grades on their merits. Cash corn new No. 3 yellow cents and oats 18 cents.
"bushel,
GAIN EXPECTED IN PRODUCTION AT HOG MARTS
Five Leading Countries Have Total of 74,000,000 Head on Jan. 1.
Times Special WASHINGTON, June 2—With increases noted especially in the United States, Canada, Germany, Denmark and the Netherlands, exe pansion in world hog production is
evident, according to a report re=leased today by the United States Department of Agriculture.
There were 74,000,000 head of hogs in these leading producing countries on Jan. 1 this year, compared with only 71,000,000 head at the same time a year ago, the report showed.
General Rise Seen
A further general increase in production for this spring has been reported, wtih prospects for continued
expansion of the hog crop during the remainder of the year. Slaughter supplies of hogs in the United States are expected to increase through June, taper off slightly in late summer, and exe pand again next fall, it was stated, The average weight of hogs mare keted this year has been consider= ably heavier than last year. Prices, however, have declined seasonally in recent weeks, but are expected to advance in late summer. A marked increase has been re= ported in imports of hog products by Germany during the last six months, mostly from continental Eue ropean countries. German imports from the United States have been small because of the unfavorable foreign exchange situation and relatively small supplies available for export from this country. The United Kingdom has reduced its imports of bacon and hams dur=ing the last year, and lard imports were a third smaller in the last six months than in the corresponding period a year ago. The United States continues to be the leading source of British lard imports, but imports from other countries re= recently have represented a larger proportion of the total than usual,
On Commission Row
(Quotations below subject to change are average wholesale prices bein Shared to buyers by local commission ers.)
FRUIT—Strawberries. poh “24-qt. crate, [email protected]. ~Gooseberries: Indiana, 24-qt. crate, $4. Limes—Mexican, carton, 20c. Bananas—Seven hands, pound 5%ec. Apples—Winesaps (fancy baskets), $1.75, L2mons—Sunkist (300s), $8. Grapef ruit —Imperial Valley, $3.50. Pineapples—Cu= bans (18-30s), crates, $3.25. rapes—=S. America, 20-l1b. box, $2. Honey Dews—=S. America, $3. Watermelons, Florida, 90c. VEGETABLES — Beans, green, round stringless (hampers), $2.15. Beets—Home rown, doz., 50c. Carrots—California (6oz. crate), $3. Cauliflower. California (12s crate), $2.40. Celery—Florida washed and trimmed (doz.), 45c@8$1.15 Florida (4s, 8s, 10s Crate). $3.50. Cucumbers—Hote
house (doz.) Corn—5 doz. crate. $2.75. Egg Plant— Florida (doz.), $1.50. Kale—Virginia (bu.), 60c. Lettuce—Iceberg, California (best 5s), $4, home grown leaf (15-lb basket), (crate), $3. 50%
'0c. Pe Mangoes Mint—Hot-
ppers — eck basket, $1.15; doz., 40c. ouse (doz.), 60c Mushrooms—Pound, 30c. Mustard—Texas, half crate, $1.40, Onions—Texas Bermuda yellow, 50-lb. hats $1.15. Parsley—Southern (long bunches (doz.), 90c. Parsnips—Homegrown, washed, 90c; half-bushel, 50c. Pe ar ath mper, $1.60. a a isdn ites, 100-1b. bag, $2.8 Ohio, 00-1b. ag, $2.50; Triumphs, 100-1b. bag $4.20. Sweet $1.85. Radishes— Home srown buttons, doz., Potatoes—Tennessee Nancy Halls, hampers, 25¢; white, 25c. Rhubarb—Hothouse, doz., 25¢. ef s—Northern, 50-1b. bag, $1.50. Sage— ze 45c. Turnips—New bu Texas, bu. Tomatoes—Repacked, 3¢- 5 box, , 2 "Texas, orig. (6-6) lug,
ida, Round Early
Thee new Grrl Glas fot
is here /
WONDER WHY WE USED SO LITTLE GAS GETTING HERE -MAYBE IT'S BECAUSE | FILLED UP WITH GULF!
FROM TEXAS TO MAINE the average June temperature is up from 5 to 11 degrees over May. And from Texas to Maine there's a brand-new Gulf“Summer gasoline to match that rise in each locality. For unless your fuel fits the weather, part of it blows out your exhaust unburned—and you don’t get top mileage. Stick to That Good Gulf in June—it's “Kept in Step with the Calendar.” All of it ~ goes to work, none of it goes to waste. Try it— _ at the Sign of the Orange Disc.
SURE!
THE BOYS
AT MY GULF STATION TELL ME THEIRNEW JUNE GAS IS SPECIALLY MADE FOR SUMMER DRJVING !