Indianapolis Times, Indianapolis, Marion County, 29 June 1936 — Page 12
Finds Both Party
- PAGE11 | n
Platforms Are
Meaningless.
BY JOHN T. FLYNN ceed YORK, June 29.--This is ; Just a guesss, ‘but it is hard 10 suppress the | feeling that when ‘the delegates of this. Democratic
convention get one they are go-
ing to be a little surprised at the ¢ of their constituents, “Jt was the great battle in old Madison Square Garden in 1924 ‘Petween Smith and McAdoo which put the radio on the map as an instrument for dramatic reporting of important events. But it is the radio, 1 fear, which is now going to do something to political con - ventions. Last week's convention was a rather disillusioning one— its emptiness, its meaninglessness, its preposterious delays, trumped-up parades and ‘hollow demonstrations. It was an ‘attempt to stretch a very dull oneteel comedy to a five-reel thriller. It is probable that Jim Farley is g to have to take the responsiSone for this. The radio companies are going to learn that the public did not listen in on the convention 40 any very great extent. As a matter of practical politics and practical business, it is likely this blun-
i der will not be repeated again. Per-
; Republican
haps the whole technique of con_venfion management may undergo ‘a change. It would be an excellent 1
” ” ” S the convention closed, the . impression left on one’s mind was much like that made by the convention—a good
= ‘tleal of confusion as to just where
-
32.50. red
‘the party actually stands on certain of the important and crucial “issues. The platform came out with a “ringing declaration in favor of the y and the home and against dits and kidnapers. But it was 8 little vague about money and nopoly and the Constitution and
“agriculture.
“* For instance, it approved its soil
_ conservation plan and balancing farm production with consumption, !
within the power of the Federal government. But as the Supreme - Court has said the Federal govern“ment has no such power, this leaves “the Qeclaraudn | a little meaningJess. | 82 = = HERE was a vigorous denunciation of monopoly as the
“creation of Republican rule,” and
“& pledge to enforce criminal pro_visionis of the anti-trust laws. But
the Administration through the NRA suspended those laws. When the Supreme Court annulled that, 4t ‘sought to do the same thing through the Guffey Act. That act ‘ ‘held invalid, a further effort was ‘pending when Congress adjourned to permit coal producers to combine to fix prices. Perhaps the NRA and Guffey Jaws are wiser than the anti-trust slaws. But the government can not permit one group of men to com-
bine and send another group of
men to jail under the anti-trust
Jaws for the same thing. The plat-
form really gives no clue to where ‘the party really stands on this subFost. - As to the constitution, the party nts to protect wage earners unsder the constitution, which the “Supreme Court has definitely said #4 can not do. Failing to find a way’ Swithin the constitution it will fa“yor an amendment to permt fixing ‘minmum wages. But there is no declaration for an:amendment to
give the Federal government power
“over any other phase of our eco“nomic life. | 8 8 8; 8 to money, if the platform means anything, it means “that the government stands for a managed currency. Yet anyone ‘against that could argue that the ‘platform means something else. *And no one can say: what the _declaration means by a managed -currency—what kind of a managed ‘currency. However,
the platform is no
* worse than the Republican plat-
form. And any one who wants to "make a choice between these parties will simply have to weigh:
the two candidates, their lives,
their records, and the. histories of respective parties, without an reference to the two platforms ey have adopted. (Copyright, 1936. NEA Service, Inc.)
On Commission Row
otations below subject to change are Ay wholesale prices being offered to Baers by local commission dealers.) PUTT -Rasphertiea black, at. crate, y X EE
jum : tat Fini é0c. Peaches as medium. half bushel, Sr de Ty lug. 81 $1 55. Plums— d, 4-basket crate. $1.7 rapes—Seed-25-1b. crate, $2.25. ¥ GETABLES — Beans; geen,
ess (hamper), $2. Homedos., Carrots—California “erate), 40c. CAT Ca Celery—Michigan washed $ do2.), Y ssc. Cucumbers—
round
crate, $1.85. Plant— a (bu.),
(dor). 138 Re . $i {best 4s,
5). = TEE har PY (hamper), $1.50; dos. 3c. Mini
5 septs,
INDUSTRIES OF STATE REPORT ACTIVE MONTH
Business News | Indicates Anderson Is Setting Recovery Pace.
June, like May, saw industries of Indianapolis and other Hoosier cities issuing a series of announcements which indicated a continuation of the business recovery that has marked the first half of 1936. Expansion and remodeling of plants and equipment, opening of new offices and stores, reorganization of old and formation of new business concerns, and scheduling of tull-time plant operations have been
diversified industries. "Anderson seemed to lead the state’s trade recovery movement. News from the Calumet area supported reports from other steel manufacturing centers that mills are operating at a degree much nearer capacity than is generally true at the beginning of summer.
Radio Plants Busy
Radio factories in the state, especially three firms at Marion and the G. M. C. unit at Kokomo, have reported that a combination of model changes and heavy consumer demand resulted in sufficient orders
ployed steadily through the summer. Employment is so high in Anderson factories that the city’s lodging facilities are said fo be practically exhausted. Delco-Remy, Guide Lamp, National Tile, American Steel & Wire, Ward-Stilson, Nicholson File and Sefton Co. all reported capacity or near capacity operations in an industrial survey made in Anderson last ‘week. ‘ Three old Anderson buildings are to be rehabilitated as the result of developments during June. A new wholesale firm, American Drug Service, was incorporated and leased 15,000 square feet of space in the old Hill-Standard factory. The Electrical Products Corp. was organized for the purpose of manufacturing a new type of storage battery. It rented 8000 square feet of floor space in a building formerly used by the Anderson Battery Co.
Purchase Building
Rather than rebuild after a fire last week burned its plant, the Anderson Mattress Co. purchased the Colonial Tire -& Rubher Co, property and announced if would modernize the structure and occupy it by Aug. 1. Officials said the company could treble its output in the new location. A new strip mill at the Greer Steel Co. plant in Anderson and a building addition at the Pierce Governor Co, are to be completed early in July. The Noblitt-Sparks Industries, Inc, with plants in Indiana at Seymour, Columbus and Franklin, expanded, rearranged its machine ayout and operations schedule during June. The company manufactures auto-water heaters and both home and car radios. It began neater production six weeks earlier than usual, which indicated steady smployment for its workers through the usually slow summer months.
Local Expansions Started
Indianapolis Railways, Inc.,” put 360 men to work June 15 on two track improvement projects. Charles W. Chase, president, said this was just one phase of a program started April 1 which called for the rebuilding of 26 miles of track at a cost of approximately $1,500,000. Work was started in Indianapolis during June on a $20,000 addition to the Thomas L. Green Co. bakers’ equipment plant, 201 Miley-av. The firm employes 50 persons. During June the Fairmount Glass
stone-ay, obtained a building permit to erect a $65,000 administration building.
Kokomo Firm Reorganizes
The Kokomo Steel Products Co. announced a reorganization during June and changed its name to Expanded Metals, Inc. It manufactures metal lathes. The Central Soya Co. of Decatur began extensive expansion of its facilities to store and process soy beans during the month. In Wabash County several sites for rock wool - factories were purchased by manufacturers of insulation devices. In southwestern Indiana a small oil and gas boom was reported with work progressing on the grilling of some 25 wells.
Produce Markets
The prices. quoted are ald for stock uinered in he the Souotey t whl . yy 3 a cen er Heavy (Dred hens, 15¢; orn reed
colored springers, : lbs. and ow VL ida hered ‘19¢; Leghor: ringers, i ea IE a y 5 s. a white, 3 The. and over, 7c; \ feathered, all sizes. jc: all s, bs. and up, 15c; No. 1 stric oss off, hy c: delivered in Indianapo full ction |
made. 1 butter, 30% esi Hig: butter-
CHICAGO, wo Hew — ~— Market.
fists, eee current Teeeipic, 19%; 8 c; extra firsts, Ce: ¢& ecks, 1 Ba 13.99 “Rh .
stea extra (93 score), firsts, agai score), 30%c; firsts, V4 @ 30¢; 15¢; stand Rgds, 0
Be ee
181%: e urkeys,
ei aite: fo OR Toasters. 1
Zoderate,
| Simos ey het
ok | 8 No. 2, [email protected]
Bliss
sh Ba,
S. No. $1.75; : ne 60; Toxas Bliss Trium
$3: Missouri rs, $2.60G3.89
a, ve
.
track 310, shipments 960 A ——————————
reported from many cities and from
to keep hundreds of workers em<
Works, Pleasant Run-blvd and Key-
"Sh weak: oar » rucks; aks, achs "log ese 2
Cheess Twins, LE hart daisies, 170 | iN 7: |
»
vals 1983,
Pity the poor Dondhelder—ihat is, the holder of callable bonds! During the past 16 months we have had nearly three billion dollars of new
corporafe financing.
Of this amount 83 per cent was for refunding operations. Because of
the pressure of
any corporations, especially utilities, find it
money for investment and the very low interest rates
advisable to call outstand-
g bonds and refinance at a lower rate. It has been estimated that I rr one-quarter of the public utility issues outstanding have thus
been refinanced at lower rates.
This may be a constructive move for corporations -but it certainly hits our investors, banks, and large institutions. In the future investors
will be wary of the “callable bond.”
Busigraphs
H OUR NATIONAL INCOME mM (U.S.GOVERNMENT FIGURES
1
ii
1929 1930 1931 LLL
PARKER CORP GENERAL DISTRIBUTORS INCORPORATED (INVESTORS
BILLION DOLLARS ~n “w»
La
THE
Our national income still has a long way to go to reach 81. billion dollars, the high in 1929. However, the increase singé the low point of 1932 has been very steady. If improvements in the first quarter of 1936 are continued, it is estimated our national income this year will be close to 59 billion dollars. The means that the percapita income of $316 in 1932 will jump to $460 this year. Approximately one-fifth of this income will go for direct and indirect taxes.
LOAN ASSOCIATIONS PAY $120,000,000
Aggregate Dividends for First Six Months Are Estimated.
Times Special CHICAGO, June 29.—Stockholders of various savings, building and loan associations throughout the country will have received $120,000,000 in dividends by the end of June, the distribution of the
current half year’s earnings, the United States Building and Loan League announced today. More than 8,000,000 individuals who are investors in this type of home mortgage institution are to receive the earnings on their individual accounts ranging from a few dollars to a few thousand dollars. A period of unusual activity in placing of home mortgage money in the: spring and early summer this year has resulted in the most consistently profitable half-year for savings investors which has been witnessed since 1929. Morton Bodfish, vice president of the league, said.
BROKERS ADD FOODS
Local Firni to Trade ein Butter, Ess and Potato Futures, Times Special CHICAGO, June 29. — The Indianapolis firm of Atkins, Hamill & Gates, stock, bond and grain brokers, has been qualified to solicit butter, egg, cheese and potato future trades for execution on the Chicago Mercantile Exchange, Maurice Mandeville, chairman of the mart’s clearing house committee, 'announced today. The Indianapolis brokerage will clear through Winthrop, Mitchell & Co., it was said.
New Bond Issues
(By Lyons & Co.)
jst Tel 4s '65 B & O 42s '39
Bid.
est In hes 62 Cin Un Terms 32s 71 Cleve Elec Illus 334s Cleve Tractor 5 Columbv
nn Consolid Consolidat
Pa s Pacific G & E 3%s '61 . peg Gas Lite & Coke 4“ 50°. n Tel 4s '65 iver 108 Pub serv N H 33s 60 1 Ratlway & Lite 4's ’55 Saguenay Pwr 3a s ‘68 0G & RS nes $ ane
4370 IO LD LO LR
pe |
5 a
tin prices broke later.
‘Packing’ sows
*
STOCK MARKET WEEK IN REVIEW
BY ELMER C. WALZER United Press Financial Editer
NEW YORK, June 20.—The stock market made an irregular gain while the Democrats met in their national convention at Philadelphia last week. Prices rose steadily until Thursday. The industrial average got within a fraction of its high for the year, made April 6 before profittaking set in. Convention activity was given as the excuse, although
experts said the market was entitled to a setback following’a long series of advances. The decline was insufficient to wipe out all the gains. Steel shares
‘suffered a setback of wider propor-
tions than other issues and ended lower. They were sold on fears over labor difficulties and of more stringent government regulation of the industry. Automobile stocks were given a whirl under the lead of Chrysler which made a new high since 1929. Railroads did fairly well thanks to a rally Friday when the Supreme Court of the District of Columbia found the Railroad Retirement Act unconstitutional.
Soldiers Use Cash Carefully
Mercantile issues were helped by further gains in retail trade, some of which were traceable to increased bonus buying. + The large department stores, however, found that soldiers were carefully husbanding their funds and making purchases slowly. Increasing demand for copper prevailed most of the week although there was some unsettlement when Copper shares closed higher on the week. Utilities held about steady. Doug-
-las Aircraft moved higher. Rubbers
ran up and then reacted when it was learned the proposed price advances would be delayed. Oils were in fair demanéi most of the week.
CLEARINGS INCREASE DURING LAST WEEK
Twenty-two Leading Cities Report Total of $5,572,681, 000. Times Special "NEW YORK, June 29. — Bank clearings reported by 22 leading cities in the United States for ‘he week ended June 24 amounted to $5,572,681,000, against $4,997,943,000 for the same week last year, an increase of 115 per cent, Dun & Bradstreet announced today. The increase for the week compares with a gain of 9.2 per cent registered in the previous week. All cities, except New York, reported an
increase of 19.6 per cent over the.
amount for the similar period a year ago. The largest increases for the week were reported by Atlanta, Dallas, New Orleans, Baltimore, Cleveland, Boston, Minneapolis, Cincinnati and Pittsburgh.
Local Livestock
HOGS Bulk. [email protected] [email protected] [email protected] 103861033 [email protected] [email protected] Light lights : (140-160) Good
Top. Receipts.
and choice..
(180-2 -200) Good Mediu (220-250) Good Heavyweights
(250-290) Good (290-350) Good
and choice.. : ‘and choice.. [email protected] and choice.. and choice...
10.60
(275-350) Good (350-425) Good (425-450) Good Bin 50) Medium aughter JP Mes t16o-140 Good and choice. .
SNNINARINNN ID hsakssaphaash 0900506090000 WVIWAIINON-I0M0
on and mettiviy (150-500) Good a
Pe] 88838 38sbaBENINERY
S030
gh ss
3
10.95 | i e
0b ven : esha
"1 [HOGS CONTINUE
STRONG UPTURN AT GITY YARDS
Market Mostly 10 Cents
Higher; Top Quoted at $11.10.
Although receipts were well above normal, the pork market continued
~
#
-_
New York =
"(By Thomson &
High Atl RIE <ovvoses Aes ie Consol Ofl ..... 13% Cont of Del ... 31% Houston (new) . 8 Mid Cont Pet .. 21 Oil asses 13% sane 43V% .. 14
Olis—
its strong upward movement in ac-| am Roll Mills
tive trading today at the Indianapolis Union Stockyards. The market was mostly 10 cents pigher
than Saturday's best average. Few |p remained gy XY
underweights, however, steady. : The moderate advance carried the top price paid for good and choice
Chrysler weights up to $11.10. This was the
highest paid for any classss of hogs
at the local exchange since April} FupP
18 when the top was $11.15, according to I. C. Everts, Federal livestock representative. The 1635 top price is $11.30, established on Feb. 18.
Hog Receipts 6500
A strong demand for hogs, from |B
both local and outside sources prevailed for practically all classes, offsetting the heavy flow of shipments. Receipts today were estimated at 6500, the largest supply available at the local market since last Tuesday, when the total was 7000. Holdovers numbered 120. The general bulk of better grades, scaling from 160 to 225 pounds, cashed in at $11 to $11.10, while medium kinds, weighing 225 to 250 pounds, sold at $10.60 to $10.85. Ex-
Studebaker Yellow Truck
Timken Det Axle Mining— Alaska Jun eeeee Am Metals
Am Smelt . Anaconda ..
Grt Nor Ore .... Howe Sound .... 50 ns Copper ....
treme heavies—30) pounds ahd up-$int Nickel
ward—were salable at $1025 to];
$10.60. Light slaughter pigs, from 130 to 160 pounds, brought $10.50 to $10.75. Packing sows held at $8.75 to $9.50. With the market moderately active, especially on steers and heifers, trading in cattle, however, was mostly stationary. Beef cows were somewhat irregular. Bulk of steers sold at $7 to $8, while heifers ranged
Kennecott
hel Dodge U oe S30 .e
Amusements—
Grosiey Radio oe Loew Radio fii oes Paramount ...
Warner Bros..,. Tobaccos— Am Sum Tob: FP
mostly from $5.75 to $7.25. Beef | Li
cows sold at 5 to $5.25. Receipts | Bg} were 900. 2
Veals Sharply Higher
Ate Vealers, showing’ the first change |g
in more’ than two week’s, were generally 50 cents higher. A com-
Tr Phillip Mo Reynolds T Bails - ih
". Sita
bination of increased interest and | Chi N W
normal supplies was believed largely
responsible for the upturn. The bulk | Erie
of good and choice kinds sold at $9 to $9.50. Receipts numbered 600.
A weak trading range developed |M
in the lamb market and as a result
prices were generally 25 to 50 cents N
lower. Due to scarcity of supplies
which forced prices far ahead of last 59
year the decline was seen by some traders as an evening ‘up affair.
-Also, receipts were slightly higher at
all surrounding markets today.
Gt Northern pid a Central
Sou R R West Maryland Equipments— am Car & Fdy..
The top price of good and choice.| Gen
spring lambs held at $10.75, while |:
most sales were made at $10.50 down. Fat ewes remained unchanged at $3.60 down. Receipts numbered 900.
EARNS $66,932 IN FIRST SIX MONTHS
Valspar Corp. Releases First Statement Since 1934. Times Special NEW YORK, June 29.—In its first financial statement since completion of reorganization in December, 1934, the Valspar Corp. showed a net profit after all charges, Federal and Dominion income taxes,
of $66,932 for the six months ended
May 3%, 1936.
The largest total compares with a net loss of $139,954 for the corre-
including G
r Br 43% Westingh Elec .. 118% Utilities— Am & For Pwr. 1% Am Power & Lit a AT $I 166 Am at Wks. Col Gas & Elec. 1 Conmim gS Sou .. Consol Gas Elec Pwr & Lit... Int Hydro Elec. 3 Jnterboro R T..
Lou G & E A.. Nat Pwr & Lat. h Amer ...
30 -Cal_Edison.. Std. Gat’ Stone s, Jyohster orp
Western Union. Rubbers— Firestone
86 A
20%
S Rubber ... 30 U 8" Rubber pfd Miscellaneous— Allis Chalmers. . Can
sponding 1935 period. The first tan 4 Anchor
year of operations following the reorganization showed a net loss of | €
$277,596 for the 12 months ended Erow
Nov, 30, 1935.
During the first half of the cur- Poste Sane
rent fiscal year, the corporation, which manufacturers paints and varnishes, showed a net operating profit of $146,826, compared with an operating loss of $55,201 for the cor-
year.
Other Livestock (By Wnited Press)
GO, June 29.—H 000 includ-
5 CHICA ogs 1 ing 6000 directs; market evenly 5 to 15
Es igher than
ge Bulk ter of [email protected] 85; on d better. calves 2000; strict] arin. fed s a ho yearling strong to 25 cence higher; common and medium grade steady; shipper outlet broad oly odors buying cattle at $8.25 ard; early top medium weight steers s $0.00; yearlings $9.2 5; good nd chiolce ed heifers sharsteers adva best early - $8.50; grassy heifers Ta a all ass. COWS Tairly ay bulls strong; Jeg TS ealess
48.80 @s.50: selects to Lio. cep dood
"$8.50 Shee ng slow, ho on fat native
$5.75; Fi iy sales. and Tacet Sambs "35 80 cents
steady;
LAFAYETTE, Ind., $1023 bigner, oon I Bo 4 10.! 1 oe So0-228 1bs., $104 #18 Se ] a ao June 29.-
7 down.
500 | responding period of the previous | 3 Amon
Purity Prida; 80-230 1b. 310. wgio dh: ith 8a
gEguatsse §
&
Bogsignas Fk Fed
iS 3as o we
spans FF
on Fe
118%
Vs
‘| Nor Am AV .....
1 8032 Kayser Julius...
| Transam: Tr Contl Corp. ve
a SEE 2
8 us.2 B Ealie
8 Ln ow. . ne
egusunacda y FF gegneuNss We aN
= ow
ahSana Eade
waiiom—= FESR
- Bullding— Am Radiator.... Int Cement ... Johns ony e Ulen Cons Household— Col Pal Peet .
Sac SON-TD Wolo
Bimone “Bed ae - Textiles— Amer “Woolen..
. 2 23 ve 45%
23. 45%; se .. Va 9 28% 28
28
Gotham Hi
Chicago Stocks
(By Atkins, Hamill & Gates) . Noo Prey.
Asbestos Mfg «....co. Associated - Investors ene Berghe off Bruce EL Butler Brother Cent Ill’ Pub "Service fd.. Chicago Rivet & Mag ine... Cities Service
Crane Dayto
. 28%
% | ries in steel,
TER ETT |
OUTLOOK 600D; REVIEW SHOWS
Business Index Placed a
74.7 Per Cent of Normal.
Times Spécial : Lf NEW YORK, June 29.-Wi electric power output setting an all= time high and steel producers finish ing the best period since the sect In quarter of 1930, there is considerable basis for optimism as far as busiest ness activity is concerned, Busines Week said today in its weekly view. Business activity during the last week stood at 74.7 per cent of nore: mal, compared with 74.3 per cent a the end of the preceding week: 741
4 | per cent a month ago, and 62.7 per} 4
cent a year ago. " Heavy construction contracts showed a sharp increase for the {wod
weeks period ended June 26. Aut J mobile sales have been r i along so well that factories : maintaining assemblies at more 100,000 cars a week. Farm produchk and food prices also are taking : upward turn.
Note of Anxiety “Here and there a note of anxiety creeps into industrial news. Probe ably the prospects of increasing la~ bor difficulties head the list of wore rubber and
while demands of higher wages : shorter hours are croping up all ov
- | the lot,” the review stated.
New York Curb
$y Atkins, Hamill & Dales
P. gi Aluminum ho AE America ava
Creole r Sorp Corp . Elec Bond & Shar Ford Motors Canada “a
1; | Glen Alden 1, | Gulf Oil Cor
% | Salt
iz | be stripped by
Humble Oil Imperial Oil ‘of Canada Jagars Fiydson Pwr ..
Pen; Cor Na stores corp Root. Petroleu St Regis Pap et GC reek Producers ASSD «.. Technicolor, Inc 2 Wayne Pump 5
Investment Trusts (By Tromas D. Sheerin & Lo)
ne... (Orig.) Shates
sk. | concessions have appeared.
3 | booked this month at the expense.
“For the third consecutive mony employment and pay rolls in manus facturing. and nonmanufact 5 industries have been rising, cons trary to normal expectation at time of year. Hence it is wonder that retail sales have - tered similarly unusual gains, ev
s . | without the aid of the soldier bonus.
Many of the heavy industries like
» | steel, foundries, and machine shops
now -employ more workers than any month since September, 1930, | Pay rolls in durable goods plan are 26 per cent higher than ° year ago when NRA took leave of | the scene. +
Oil Interests Disappointed:
“Oil interests aren’t altogether satisfied with the speed with which gasoline stocks: are dec ; Weather in the important consume ing areas of the East hasn't been too good this month, and price :
“The steel industry is concerned about the amount of business
of next. It apparently has been more substantial than at first § thought. Some motor companies have protected themselves against J the new prices, but most of them are not ready with 1937 specifica= tions. 3 “Railroads, too, have become more active buyers in view of the price boost on tie plates, spikes, bolts, and the scheduled increases |
: | for rails for fourth-quarter delivery.
Revise May Car Sales Total Just how much effect the curtail
50 | ment of motor production next
month will have on the general business tone remains problemical.
a May sales for passenger cars have
TREASURY STATEMENT (By United Press) GTON, . June = 29.—Governm expenses and receipts for the current year to June 26, as onrYed wi year, ago:
ny
‘This 93,139, ish 13 $17, 258. S17. 7085, a 44 81,485. 3,785,870,095.4
,603,315,803.86 9,108,853, Customs 383,331,791.57 ’340,896,158.42
FEDERAL SPENDING POLICY CRITICISED
Congressman Sees Need for Huge s
Deficiency Appropriation. By United Press : WASHINGTON, June 29.—Rep. John Taber (R., N. Y.) predicted today that continuation of relief expenditures through the coming fiscal year at the present rate would necessitate a $2,500,000,000 relief Geficlency apropriation by Jan. 1. aber, ranking Republican memhe of 2 House appropriations a lief a me 1429, re appropriation would be exhausted by the first of the year “because Treasury will time to meet the
44% | exorbitant election demands of “Gen.
Local Securities DE
107. 106 106 100
if
‘He contended that the total of government liabilities as of the end
000. Taber charged that expenditures
of government since President | Des Roosevelt
Motor Car president, today reported sales for June of more than 7600 cars, setting a
undergone a second revision upward . as more returns from the farm states indicate unexpectedly good buying. “The good showing being made in the construction field this year is exerting significant pressure on closely allied industries. Cement & | production in May was the highest for any month since October, 193 Lumber production of reporting mills so far this year is running 42 r cent ahead of last year. In re= cent weeks, shipments and orders Dave been falling behind produce on “Hardware sales are substantially
ter, when wholesale hardware sales averaged 13 per cent better than a 2 year ago. The glass industry,
oer making such poor comparisons ] with a year ago are beginning to
May, ordinary life insurance was less than 1 per cent behind a year ago while January had started h a 26 per cent loss. Industrial group insurance have been the kb sellers compared with 1935 and 193 lifting the total sales in the Arst five months of all three types- ta within 4 per cent of 1935 sales f¢ similar months.” :
CHICAGO GRAIN FUTURES