Indianapolis Times, Indianapolis, Marion County, 19 June 1936 — Page 35

PAGE34

- BY JOHN T., FLYNN cc | nor Landon-—now candidate don—has put his finger on a t which has important politi-

possibilities. That is the merit *m, As a campaign issue it is

years,” as the Republicans to the “three blind mice” but ' 12 long years. Therefore they swarmed into Washington in search of their stalls at the public crib.

Senator McKellar of Tennessee prepared a little booklet giving a list of 81000 jobs which would be open, Under Hoover some 4600 jobs had . y been taken from the spoils system sand put under civil service. A list #of these lost jobs was prepared and #the boys went to work to “uncover” them. Around the capitol you heard talk that every job that had been Sput under civil service since Wilson went out of office would be thanded back to the spoils system. For instance, in the foreign and domestic bureau of the Commerce Department a group of 250 positions had been put into the classified service by Hoover. These jobs were promptly placed again info. the hands of the spoilsmen. » » s HE chairman of the executive committee of the Civil Service Reform League .protested to. the President. “The progress of the last 50 years in extension of the ‘§ Federal civil service has been due almost entirely to accretions to the classified service made by executive order. Any attempt to undo fextensions of the classified service made by any of the Presidents for fthe mere purpose of turning out the incumbents and replacing them with persons whose political affilia« tions coincide with the administration in power would be a deplorable backward step.” § But the President signed the order, The soldiers’ homes had 3 been recently put under civil service. At Johnson City 71 men were under the classified service. Senator McKellar discovered these 71 * fopportunities and at his suggestion athe President signed the order tak‘$#ing them from under the merit y8ystem,

o ” ” NOTHER- zealot found in the Congressional library several persons engaged as translators from the Sanskrit and other anient . languages, An effort was made to put some Democratic warhorses on these oriental manuscripts. A raid was launched on the customs police along the Mexidcan border. “I think Democrats look just as well on horseback Republicans,” said Mr. Farley. When the President came into ce there were 447,000 jobs under classified service. This repreted 50 years of reform. There ere 200,000 which were not. thin two years 100,000 new jobs 'e added to the pay rolls and ost all of them under the spoils m. Whether Mr. Landon is ected or not perhaps his attack ay bring the Administration to

senses on this grave issue. (Copyright, 1836, NEA Service. Inc.)

VINGS BANK VOTES EXTRA Times Special . CINCINNATI, June 19.—The Provident Savings Bank & Trust Co. 8s to pay a 5-cent extra dividend on pital stock shares in addition to ge regular quarterly dividend of 25 gents a share payable July 1 to stock record June 24.

On Commission Row

: tations below subject to ch : virus pr ilesale pie prices Seing

orida, 20 8, ; half 1.25. mesdas medium, crate, 0 pm d, 4 basket crate, Pan (GETABLES — . preen, ound

Beets—H

ed . Flo Tide (4s, Cucumbers—Hot-

1.85. irein Plan . le¥i nia EN s. tSuce-— Ice California (best 33) $3 ; home grown leaf (15-lb. }. Soc. Peppers Mangoes (hagsper). 5. eck basket, 85¢: dos. 30c house i TH Soc. s—Texas Bere yellow, 1b. bag, Lik 33. 2). oho. ey

ern (large bunches Ber. TE Few, Fei

“8-1b, bask orig. (6-6) lug. $1.

frouce Markets

HOGS ADVANGE 107015 CENTS AT CITY YARDS

Cattle, Veals, Lambs Remain Steady.

A general advance of 10 to 15 cénts in the pork market today at the Indianapolis Union Stockyards carried the top price of good and

level reached since early May. A

in the heavyweight division. Total shipments, which were estimated at 5500, continued to flow in heavy supply. This was a slight decrease from yesterday's figures. Holdovers numbered 180." The bulk of good and choice hogs, 160 to 225 pounds, sold at $1045 to

$10.55 ; Steers Are Scarce

to- $10.45, while extreme heavies, from 300 pounds and upward, ‘brought $9. oo to $9.85. Light slaughter pigs—130 to 160 pounds—were salable at $10.10 to $10.35. Good packing sows held at $8.25 to $9.

the cattle market was practically unchanged. Early steers sales | Bi ranged from $7.25 to $7.65, while

cows sold at $4.75 to $5.50. Receipts numbered 400. ; Veals, as usual, continued unchanged. Bulk of good and choice kinds sold at $8.50 to $9. Receipts were 600. Lambs showed little change with spring classes selling downward from $11. from $10.50 to $11. Fat native ewes cashed in at $3.50 down. Receipts were 600.

HOGS Bulk,

$10. igi 25 40

June. Top.

$10.25 10.35

Receipts. 1500

7500 5500 6000 5600

‘10.10

19. 10. doglo, 55 Light light a 40- -160) Good and eloice. “ne a1. 55

Medium [email protected] 130-2 and choice.. i 20619 .55 fe ee bas od an . o . Heavewel hes 2 = js ce.. 10.20010.45 - od and choice... [email protected] (280-350) Good and choice. 9.400 9.90 Packing sows

Pod and choice..

> ©S moo

Wo. 30mn on 2838 0d 0989 85 333% 8

(100-140) Medium

Cattle —Receipts, 400— 1550- 50-900) Choice

grog

QUNO

DIDIM IR INDD IND RN -I00 AST RSRAS RAND $300 ~30000 ~3 ~360 00 Oh ~3 00 00 So

Feta atad a 38233

Good Common and mediu Low cutter and Cutter

Bulls, goo Cutter com. and med. buik. . VEALERS

—Receipts, 600—

Good and choice Medium

Anne “ANI 8 Suges

(250-500) Good and choice .. Common and medium

(830-1030 Good sad choice Common and med

SHEEP AND LAMBS . =—Receipts, 600—

ring lambs choice [email protected] Spring $

[email protected] ‘8.50@ 9.75

Yearling. R othors. ‘good to 5.3058 25 HCE ceasvscaveriiasnas ees 1.50@ 8.25 « 6.75@ 1.50

790-170) Good and cholice.. 3.5

Common and medium - 1.75@ 3.00 \fheep and lamb a atichs on clipped

Note the spring of 1935 classified as _yourlings.)

Money and Exchange

INDIANAPOLIS STATEMENT

. WASHINGTON, 9. expenses and pe Tor the current fisca Jear to June 17, as compared .with a year

: 380.820.634.01 7,056,598,600.38 ts %: a TE Cash i £8 Pub, debt 34, a7 Gold _ res. 10. $4a.123.

SLAIN BY POLICEMAN

Gary Man, Father of Three, Was Beating Sweetheart, Is Slain, By United Press GARY, Ind. June 19.—Mike Kars-

- pms, 40. futher of sree ch/idren,

was shot to death yesterday by Paib or Van Johnson after he is alleged to have threatened the of-

. ficer who had interrupted an alleged attack on Karszynski's 20-year-old | sweetheart. Karszynski

Was esGLASS OUTPUT GAINS ; H, June 19.— The of plate glass by

total production members of the Plate Glass Manu.

of America for May amounted to 19,192,114 square feet,

Top Price Reaches $10.55;

choice weights to P1055, the highest | Beth Stee strong demand prevailed, especially Mid Steel

Medium heavy classes, from 225!Hu Jo 260 pounds, cashed in at $10.15 |N

With only a few steers on sale, |p Eaton

heifers brought $6.25 to $7.25. Beef | x

erro Bulk ranged | Ir

1 Int Hydro Elec:.

4 3.15

Contl Can te—Effective June 1 jambs Rorn In Cova Cork

produced n the ke month #7 et

oe spnlafe wong meee gpl

copes esee sesnee

oll ...... of Del

o spall 1S

ee -3

ah SEF

ur BN

ww 8 #

rry Corp... 20 ni Alrefe Corp 23% Chemieals— Alr Reduction .. 69 ed Chem 198

Com. Alfohoi #2 | Com Solvents pth | ied

Sn > FF

east

Union Carbide.. U 8 Indus Alchi.

Drugs—

Coty Ine «...... Lambe

Eiri or rod")

nancial Exp . gheny Cor . nt Corp.. Chesa Corp ... Transamerica... Tr Contl Corp

ggesusssuEonie Mw.sooe £3

Studebaker .... Yellow Truck...

hatthy FER

0 RBSwm ; ERE OR

Bendix . Borg Warner ...

Budd us a 51 50 : a All

imken Roll ... 81% Timken Det Axle 16% Mining— Alaska Jun .... 13% tals .... 28% Household—r Col Pal Peet... Congoleum i Kelvinator .... Proc & Gam

Kennecott Cop . 38% Meclntyre Mine s 42%. i Utah 3% e Dodge uU Sf Smelters. . :

Vanadium . Amusements— Kapur Raton es

Crosley R Radio. . 1 35% : Chicago Stocks

Radio Corp os Paramount (By Atkins, Hamill & Gates) Noon Prev .. Chie. erbeseenee 13h

5 Warner Bros «.. 9% Tobaecos—

an) Tob oe Am Tob “Bp”, . Gen Cigars Lige & M “Tottilard : Philip Morris .. sesenes Reynlds Tob “BY HA Commonwealth Edison +...... Rails— Continental Steel sos0as

Atchison 8% Atl Coast Line. +25 B&O . cave 19% Can Pacific .... 13% Ch & Ohio . 59% Chi & Gt W ‘pid. 7 Chi N W 3 Dela & cee 41 par ee, Palaces W.-Ri 1x ® | Williams Oll-0-stic aan iil 1a seseessnsseasss ese Ss Gt Northern pid 3 42% 42 Zenith

1 C . 234 dees 24Y New York Curb

(By Atkins, Hamill & Gates)

Cran Electric Household cesses 14 Godchaux Sugar “A” ece..ee. 3 Jarvis Mfg

eessees

en N Y New Haven Nor Pacific odin Penn RR ..

Uni 130 West Maryland. Ei Equipments— v

Am Brake Shoe 47%

Am Car-& Pdy. 36 Atlas eel Fdy...

Curie Cor Creole Petroleum Corp Crocker-Wheeler .

t Air Br Westingh Elec... aie Usiliti fuel s of Det Pp

Am Power & Lit 12% © + 12 nt Vitamin AT&T Hu i SH ! 5 mperial- oir of Canada

Refining Co . fd. .

Natl Bellas Hess INC ........ % | Niagara Hudson Pwr Pa meron Airways. Pennroad rp Reliable Stores Corp » see Root Petroleum ... . Segal k

escevse.

Interboro R T .. Int T&T

Sonoto: sannses Standard oil ‘of O Stutz Motor Car op Amer so Tubige Chatillon Corp Wayne Pump

Unlisted | Stocks By Blyth & Co.) NEW YORK STOCKS

Bid. *Bankers’ Trust ..ccceseesess 59% Central Hanover ... 1

bh Serv N J . - 4 So Cal Edison. . Std Gas Stone & Webster gait ed corp n Gas Imp 16% oe Pwr & Lt ‘A’. Western Union.. 85% Rubbers— Firestone ....... 28% h 20

po A 4 Guaranty amitaciirers savenis esiesince National Cit: *Pirst Nation

esves ® Sscsessesnsne.

aves

*Aetna’ Fire gE} American Ins 7 | SRR a 4.

re Frankia A meri Ins 88% | Great American Ins

Armour Armour 6% pid. 72 Beatrice Sry. . 235% Borden Prod . 28

83 &

PUT YOUR MONEY TO WORK LOCALLY!

Roos sRmIRREd

SRRSERRER FEF

INCORPORATED INVESTORS _ ==an investment in common stocks—

Fomdad 1925 in Sarton. Mess.

Building & Loan Shares |

to Continue Through Entire Year.

BY E. N. STERNBERG Railroad Editor, Standart, Siatisties Go

Railroads are Sr raciensing the most convincing recoyery in traffic movement, earning power ‘and finances since the depression nadir in 1932. ‘Unlike the short-lived revivals in the fall of 1932, the spring of 1933 and early months of 1934, the present uptrend is likely to be further sustained.

Notwithtanding maintenance budgets and the adverse effects of the March floods, net operating income thus far in 1936 has averaged the highest since 1930, due to extensive ' operating economies.

Am For the first four months, Class 1| Am

carriers reported net operating income of approximately $146,000,000, this being 20.7 per cent greater than for the comparable 1935 period. May Surpasses April ; Aggregate earning power in April, after adjusting for seasonal variations, approached the best level recorded since 1931, the single exception being that for July, 1933, It is evident that if the tax deductions

on accounts of social security and|g

sverage of 71

x ssvevssenned ABEBe se

1458 '80.0eses Et oe

on costs were excluded the|Con Gas 85s

“highest point for the recovery. With . traffic movement already repor at some 3 per cent above April another gain in the Sarings rate is definitely in pros-

peg. date in 1936 the increase in| = car loadings over a year ago is

about 812 per cent, and business Bl Cent 3

indications suggest the

: expansion | will be sustained through the third .1 quarter.

Especially significant as regards rising trend is the capital | I riers rely heavily for traffic.

Expects More Coal Loadings Continued stability should be wit-

s | pensi 44" | April level would have marked the| Sof*s

67 Gen Cable 5%s a dosa Grt Northern 75 '36 -....cee.s Grt Northern 4'.s 1 ons Grt Northern 4's ° Gen 8t1 Cast ve. Shas. Hud and Ill Cent Hus 66 Ill Cent

cease heseves

Interlake C and 1 5s Bl... Interntl Hy Elec

Eleshiasse BESTE oEzsEtagiiaaen ty.

74% Case

Ceniveeses TO%

+105 100%

M49... 83% t Ref 5s '87.. 9% 6% t 4%8 "62 ....... eve 18% ’83 : 83

94 . 46% - 98%

Interntl Tel and Tel 4%s ‘39 93

Interntl Tel and Tel bs ’

nessed in shipments of was wi Nor: Amer

ous manufactures,’ while substantially heavier loadings of coal and ore are expected for the period immediately ahead. Forecasts of larger crops, with generous government bounties, the rise in agricultural income and rural trade, also augur well for freight traffic. Current estimates point to a winter wheat crop greater by 15 per

% . {cent than the 1935 harvest, and an 1

increase of 40 per cent in the crop. Even though the 1936 yields will be below the accepted “normal,” “a peak" traffic week of close to- 600,000 cars is possible this| fall. For the entire year, the increase above 1935 freight volume is

3 | tentatively placed at 10 per cent.

Revenue Should Gain In line with the foregoing traf-

Rem Rand WW Shell Union oil pr 5 we va

Sou Bsc i '68 Sou 4 8

Rail 6%s' °56 aron Stl Hoop § 'exas Pac Bs 2. Texas Fae 58.°79.

87 Interntl Tel and Tel 4%s '52 83% goods industries, on which the car-| ky oriliard 7

10% Trust

Local Sceuritios

By hy ry Bond and Share Coro.)

Joierng,

os the

fic prospect, aggregate railroad rev- | recent tr

enues for the calendar year should run between 11 per cent and 12 per cent above 1935. This estimate is after allowances for effect of redued passenger rates, but assum-

ing continuation of the emergency 3 | rate surcharges, which expire June

30 unless extended by the Interstate

) 4%s 61... B phe... 88-743 0 ag." 40 8 80 coef oa,

Commerce Commission. The gain |=

in gross for the initial four months was 13% per cent. To date this year heavier operating canceled nearly 70 per cent of the increment in aggregate railroad revenues. With heavy |: spring maintenance programs nearing completion and the threat of

Ask. 1% | increased fuel costs under the Guf-

fey Coal Act ave , however, more satifactory conv on of revenue gains into net is anticipated. Thus 1936 net operating income

should register a year to year in-|

crease of some 15 per cent to 20 per. cent, even after dedeucting pension costs. If the charges set up under the railroad pension and excise tax laws be the increase in net may run as high as 25 per cent this year. i

Y Brooms reser

% i vesens

ations do not rn imate’ “That but mere,

levi

fairies or

Bid. Ak.

STOR Cr Re

Fairbanks Mor: Jowa Seuth Ot vi Shs 50

RCA

¥s | *Nation-Wid % | N rth «

ht bth bbb

CEE

a3 FF

§ —_

AWAITS BIDDING ON MATERIALS

Midwestern States Place Inquiries for 18,250 Tons of Steel.

By Times Special GARY, Ind. June 190.—With new inquiries being made for approximately 18,250 tons of structural materials for a wide variety of projects in the Middle West, steel operations arg likely to be increased soon in the authorities said

The largest inquiry was made for

0) 7250 tons of steel to be used for the

073% | construction of locks and other

met Foyer 3 s ES Su ashy "38 Eastern ox Zee w 45 '56 . Edison Illum 3

323282585 RE aaa

88 #

Jones & Laughlin 4%s 10: Kans: 3% 5

works eenrolie the diversion of water from Lake Michigan. .

Approval Is Expected

to be built at the mouth of the Chicago River, are to be taken by the

4 | sanitary district engineering depart-

ment on June 30. - The contract is expected to be let about two weeks later. Approval of the bond issue, however, is required before construction work can be started. : This is expected soon so that work on- the project can get under way befors tl.e end of the year. Inquiries for 100 tons of steel fo be used for the construction of state highway bridges were received from

Indiana; ant 1500 for a similar pur-

pose from Illinois. Michigan also was included in the group with an inquiry for 650 tons of steel for a

09% Istate highway grade separation

60 Union n Pactic S47 i i: West Penn 3%s °’ ; 5 West Penn 3la2s ay

is Pub Serv 4s "64 .. ..... 100%

Investment Trusts

BY, Thomas D. Sheerin & Co.) Bid. Asked.

{

ts . be =o 30 Oy bok 03 |

le : PP mn. BRSBIT: : LL aE

ssachusett NationWide Cr

corr rem. Bn

as} Diace:

e Shares. te ied In Tovest Corp. per-Corp. 0 f Amer “A” per-Corp of Amer ‘BF 2. =C of Amer “A” U rp’ of Amer “RB per-( of Amer “OC” pe 8h Inc {Deta), p Oilshares

oF:

amen w

Hig tues!

and Invest dd United Sian d - Oilfunds..

J. LH Votin, se 0 *Ex.Dividend.

Iw Ih: ‘8

. . .

BUICK DELIVERIES AT PEAK Times Special DETROIT, June 19.—Domestic retail deliveries of Buick cars totaled 4.6768 units during the first 10 days of June, a new eight-year peak for

project. : Large Order Received

* Steel to be used in the construce tion of 5400 cars bought by the Chesapeake & Ohio Railroad,. and for 500 cars to be built by the Chicago, Milwaukee, St. Paul and Pa« cific in its own shops is to be released soon, it was said. The White Eagle division of the Socony-Vacuum subsidiary of the U. 8S. Steel Corp., for 8000 tons of six-inch pipe for a gasoline line from Augusta, Kas, to Kansas City, Mo.

RUBBER CONSUMPTION UP Times Special NEW YORK, June 19.—Domestie consumption of crude rubber totaled 50,482 long tons during May, a decrease of 2.7 per cent from the total of 51,897 in April.

CHICAGO GRAIN FUTURES (By James E. Bennett & Co.) .

High. B04 93

27% a8 C.. 20%

i g 2 sis 60 61

LOCAL CASH MARKET.

ony grain elevators are SH 85 oents for No. 2 soft wheat krades on their merits. Cash a Dew No. § yellow 57 cents and oats 17 cen

that period. W. PF. Hufstader, general sales manager, said today.

AT INDIANAPOLIS: Member Federal Deposit Insurance Corporation

.—

SEERESEE hy

CITY SECURITIES

| 417 Circle Tower

Dealers in

Indianapolis Railways, Inc. . 5% Generq) Mortgage Bonds ® 1935 Report Furnished Upon Request e ‘

CORPORATION

Lincoln 5535

N N NN

u »

Bids on these projects, which ars |

ARP Fm i dS EL iis