Indianapolis Times, Indianapolis, Marion County, 1 August 1936 — Page 11

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re IA gr 1 CC : 1} S UiL 1 LALLI Lakes Ezposition in which an air itioning plan ; ; : xs al ; 0 ; aaa ‘ 0 aw’. e coach is strea road noises Recalls How Huge hl: dee a i | SATURDAY, AUGUST 1, 1936 ETRE ol PAGE n kept from within. \ Fortunes Have — AR — EE — = : — bs ‘pwindied. |ILINKBELTCO. * | Wheat Surpluses of World Cut to Barest Needs GARDEN GRO BY JOHNT. FLYNN md | mgnpe aL —— a aie i ————L i I ron. aie 130m. | REPORTS RISE MTs an IR LIMIT PRODU 2EESUTEE | IN SALES, NET LP gl [| [| MARKET TRAI - were doing their corrosive work on ’ ; A Oe oes by i; v 7, o . ; woud be disupaied 23 yous Tn | First Half _ Profits Spurt fh © 7 Cn NESS HA qf frac Covken Weather Pops a “Mar- | 42.4 Per Cent Above | | N/A ATLANTIC | (Vg | ] ‘gan Ee, > M5, Mag 1935 Period ; PACIFIC, \ : i OCEAN and Fruits. It is a fact . [ : : y that fortunes § 7% eileen Ti be ; ; J | Times speciar have had 8 Way | ne Link-Belt Co. showed increase ; oe He 3 is \ ; 3 | WASHINGTON, Aug. 1—F of 424 per cent in consolidated net vo " ; 4 |duce markets in the Chicago are appearing |profit for the first half of 1936 as| : : : il | reported dull trade with a decl A ror | Compared with the same period of 8 ¥ F | |in demand for hot weather produ tunes have per- | 193% officials in the general office at : enous ; | | : p, : | dl |in the week ended July 30, | sisted, but not | Chicago have reported. The report ; | Ee N <i |Bureau of Economics review for such long |said sales spurted 44.7 per cent in | : a } | y Z t periods and |the same comparative. ry : ‘ 7 7 : even then they Among the company’s plants are : : D7 . Be ator un 2000 Poe Rich saiey for a price advance. Nearly all Jorcune Jeachan Works, 515 N. Holmes-av, ey large bakeries Somizint fot hiro ago, Tt "has Ewart nbd mallcast Bo js | boost now would be plain profit-

"fl | fluences. Markets were oversupplied tomatoes from previous cariot and

truckload shipments and

been subjected | located at 220 S. Belmont-av. & huge chunk of i was brought Earnings Equal 96 Cents ‘wheat on | ° p - - —_— - A chunk of it w ht EO : ; ; Fg to England by illiam Waldorf The report said sales for the first farm, in granaries and The world’s wheat map shows the United States, Russia, Argentina and Australia producing short crops this year. The consumers—Ger-

Astor. It was iff 1929 only about |half of 1936 totaled $9,605,906, com-| Wheat now growing will fall about many, Italy and Great Britain—face trouble if there is another shortage next year... half what it once was, and heavens |pered with $6,700,233 a year ago. Net| 15,000,000 bushels short of world se ; — ing some of the surplus at around

knows what these last five years |income was given as $758,322, equal | needs. It is, compared to the ENGLAND ANNOUNCES 40 cents a bushel but jobbing prices held even below that level at some

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first half of 1935 have cut down wheat surpluses Chicago Oversupplied : its height when old William ’ tremendously. Last year, there - Chicago reported over 200 carloads H. sat in his Fifth Avenue man- |, dicated June quarter sales were (Reprinted From Late Times Yesterday) a yo Uh . 39%, 40 of tomatoes on local tracks d

sion and boasted that he was the |35:173,147, compared with $3,787,792, rom Law Sites Tei : sola an increase of 36.6 per cent over the| the world needed, the year before By pson n | 23 3316 47 the height of oversupply, incl richest man in the world. He was | 0/0" ofl 0 oy Indicated | 741,000,000 bushels and before | og High Low Close E55 | Comm 8 Sou. % 3% so Wha 32 Total for Last Quarter t0|neavy = shipments from worth $200,000,000. That fortune net income of the three months| that, 789,000,000. Amerada ....... 98 9 98 101 Ons ii 42% Al 42% 201s 20Va I") ended June 30, 1936, was $451,189,| The great wheat-producing na- |All Rig . Toh ie Ia [me dyare mec. 4 34 4 B Gas 17 ERY Reduce Imports. equal to 50 cents a common share, | tions of the world are the United |Consol oil. / 13% I Bh mera Tc 13 nh Iu Ut Pur & Le Sa sn el EE 12 3

has been dwindling ever since. is still large but it shows the sign

of rust. the Ar- |tont of Del ... Carnegie once had $300,000,000, | compared with $331,606, or 41 cents States, Canads, Russia, the Houston (new) '. 9%

a share for the same months a year| gentine and Australia. The United |Mid C et . va © 23 22% ° ; North Amer .... 297 : - Whett Bis Qed ih Sad, Sven 0, ago, a gain of 36.1 per cent. States will this year produce less | HOON: 1 j 1 Bi 22 WASHINGTON, Aug. 1. - Baan Henry Cl "Prick, left a tate Asset 717.949 than normal consumption. Canada | Phillip: : 44 ih ; 7 Qoodyear -.... 2h 3% 24% manufacturers in the d Si valued at $150,000,000 PFive-sixths » 912) has a wg) far Shor t of the aver- |p; oj) 1 lo 4 N. Y. Bonds o } 8 Rub ptd ... 7 «76% 73% |are to be allowed to ship 14,431,000 nt atie - Consolidated balance sheet, as of | age and has smaller reserve sup- . ; Miscellaneous— pounds of their product into Great ; one. rn poring w mp June 30, 1936, showed current assets | plies than in recent years, Russia's | 5, lig Ont “eee 2074 alt 7 Reprinted ATLY nee a eran) Alla 12804 133% 130% | Britain in the last three months of low prices but still kep§ . g of $12,717,949 and current liabilities | crop is something of an unknown c jo 14Ya vs ; (1926 Average Equals 100) 22% 23 23 ith most eastern markets, sum of $25,000,000 and a good deal . fac Ve Th 3 : vil Tn 18% 1936, a slightly lower quota than the D : . of $1,411,435, against $12,274 and | factor, but the failure of the go . uchess and of this went in estate taxes $1,411,435, ag $12,274,042 ’ Brklyn Man ‘Tr 81% 5 Transparents 7 | Burroughs Add. 29 28% 8% one which prevailed for the May 1|sold at $1 to $1.25 a bushel, a de=

_ |$1,195,894, respectively, at the close| ernment to export large quantities cote $96,000,000. His widow pro. |of 1835. Cash and securities as of | at present has led to the belief Cate 20'%.01 138% 180 18843 | io Aug 31 quarter. This informa [Cline of about 35 cents from the

& ; : t the e3 Cont!’ Can Sn > ceeded to rid herself of it indus- Fc > ae sel against Bhai tho €xpo Able surplus will v.08 of Cal . 208 Caterpillar Tract 78 tion was revealed today by the idan iL he og te ously through various gifs. The firm operates "11 plants, in- x x o® we el, . 66 - 66% 66° 4 ¥ 18% 18% 18 Bureau of Agricultural Economics|priced melons have injured the hd en She died only $2,000,000 re- |) ding those here. Two are in| FJNHE crops of the Argentine and 58 Ys 88% | (Copyright, 1936, by Standard Sta Deere 0% h following receipt of ‘a cable from | market for early apples. . x = | Chicago, two in Philadelphia, i Australia are fo» from the oyer “ees 300 21 3 U5 GOVaTeI® DONDE : 0% London. Melon Prices Drop Francisco, To-| ~ d, un ei 1lll102 02 \ - 8. GOVERNMENT cid THE great Gould fortune, as a Sone. Seattle. Dallas and Atisnta, | tha tars Subamn months will the |Ludim Steet 3 312 2 (By Abbott, Proctor & Paine) laden, 112° 1 43 4 | The British set the import quota | With trade slow and prices des major bolus of concentrated 1936 production south of the [Mid Steel ...... 42 Sreaserys "prev. | IB sil st sl on non-Empire bacon for the last Snug, ix Bon ere accumulating Nall ah heen alms Whily Local Livestock equator be known. Oo Bees) coin tens Sh Te 16 role cles clos |Natlcasnmer a1 an as quarter at 178,156,000 pounds, of | onze + WATRey, Centar, It is amazing how these adven- | (Reprinted From Late Times Yesterday) The largest wheat importing oat 2 3 1046-56 ils iB Rom and ov ih "gis 33-2 | which the U, 8. is to provide 8.1 tures in money raising are re- HOGS ton Al ar is Toa E Pipe x Fly. 80 49% - 50 is40a3 111: jog losis | Worthingtn Pmp 28% per cent. The lowering of the quota | ters were forced to sl at $15 8 Jul Bulk. Top. Receipts. . = -t sseyone . ’ ' Food . ; - lot, due e rapid spo peated In their climaxes. A few 3 10.80 11. 11.10 006 ports much wheat, but the for- |¥, 8 Steel pfd...1330 Wiss ooo 10733 ioras SA at 4 Was attributed to anticipated heav- | op ia1ounes received from Mw

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cases come to mind. Altman, the . . : 1000 ) 2 . ier delivery of domestic pigs. , ) e exchange rates now militate | Youngst'n 8 & T 713% 7 1946-43 cetessasees 106, 105.30 seeeiie : ern’ producers badl great merchant, left all but nine 2. . . 3 3500 et the Reich. Italy, also de- Motors— » } . 3 Nin saseses i 17 204.14 remy a3 3 The objective of the British pigs rou in Small ak avurned of a fortune of 40 million to char- 2. josaiL.n 11. 200 | pendent on imports, has cut down Auburn ......... 34 33 34%, 4s 1048-47 © wxesees 100 js. y 3 and bacon marketing scheme is to | said. s : ity. The great fortune of Mark |37 10:[email protected] 011 3500| her demands as much as possible, || Gen Motors ..... 71 69 69 70% 3 28 Joseal ’ .8 101.9 1° 39 38 38a % | stabilize total supplies of cured| The potato condition in the Mide management, is dissipated save for | Light lights: porter and sometimes an ex- 1 248 1942-44 o..... Corn Prod ..... 69 ; pounds pef annum, it was ex-|lightly, being retarded by the heat & few million, C. G. Ruggles, the (140-160) Good and [email protected] rter, may this year about hold |Hup 2 2 2 2 |2%s 1949 ..... Crm of Wheat .. 361 J: % | plained. To accomplish this the |injured stock f Misso and penurious old lumber baron, died |, So MEGIR Her own Nash 16 * et porn. 0 | Gen Baking: 10 13% 1 imports permitted from non-Empire | Kansas. | Many eastern - potatoes Lm ene AE, Mf $0000M) | “Lh God sd eu. 11091 Rel oniih HE Hl gf ims | gnc HE HH HG counties wo nevesand of decrsmsed wer reaching oonirl markets, A days later Tom Slick, that auda- | (180300) Good and choice. 11. : Chicago Stocks Soliow Truck... an : ry 33 33 33 |creases.in quantities to be supplied | and Nebraska Ee Lo Coloradts cious old wild-catter, left this Medium weights: Terme ’ ’ tod From tate Times Yesterday) Meotass Access. prev, | Noel, D Prod .... 3 . from domestic and Empire sources. |said, and appeared to ol To . are mother having ay they | laa Good and cholee:- foauatt | BNE al Hamul & oats iis 00 0 BE BE BU deg corp sah ......... 0 05 | Romie Bi 24 #7 7% This policy has been in operation | good quality. California White Rose heirs ’ 8 Heavyweights: Gloss | B . sa% 85 | ANCE COMR.08 Be 20307000 it Taw Tens | miter houit ll 8 84% 84% 85 since Nov. 22, 1932, weakened s Jitfle, but, :1n, me . " Budd Mfg ll Am Tel & Tel 8%es 43 oonroi i 113% 113 he The various non-Empire countries | Points, were quoted above $3 a # x x (330-330) Sood and choice: "9.700 10.69 Budd Whoei ..:: Am Tol & Tr ai gg 112% 113% | Relail Stores— | are permitted to share in the im- | Pounds. - ANY of the millionaires die | packing Sows et ’ 3% | Sie Auto Lite + Ame Sy Du S50 nee i 00 ods, 180s 11 11 port quota In accordance with pero| Cabbage Market Strong without heirs and many | (275-300) Good ......... cee 92801000 16 Elec vor oak Atl Coast Line 4%s ‘64 ....... 88% 85 g Bs 88 HA manent percentage allocations fixed | (Cabbage receipts were light others die with too many children. Good 33a 3. Pe Houdaille . 4 Am Wat Wks [3 AT 110% 1 Bros..... 18 % 18 on March 29, 1934. Under that| consequentliy the market contin ~ Both cases make for the break-up " i sareios BEL + A aE Ais N58 6... 21 1140: Om Un Tes..... 3% 837° 85 Slioearion Denmark may supply|to hold a strong position. of the fortune. As you look over 1038 a Machine .. - % © per cent of the quota; the) weather hampered the crop in the lists of the wealthy men of & | (2%; 10.35 Cab 5 Erofer Qtog ... 33 8 Netherlands, 9.5 per cent; Poland, | Middle West, but shipments from generation and, particularly, two CATTLE 105% | McCrory Bt «or. 165 7.95; Sweden, 4.70, and the United | the Far West sold at unusually high generations ago, you.are surprised —Receipts, 500— EE tat ne McLellan Pleld .. 1 15° 18 Staves, 81 por cent. phe Female prices. ia at’ the number you seem never Household veer {s | May Dept St ... 83% 83 53 1 o may be supp Y| The onion market recorded drops . H : 103 ard «eo - ; 8 Toe % ge fg 13% 43% other non-Empire producers. of 50 cents to $1 for 50 pounds. 4

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have Near of. ¢ fort . ao 52 soveniis 104% 104 AE This process of fortune erosion 2 cesececes Penney J O .... “will be much swifter now. The 4a IIIS T0e3E | GOR osu gy Unlisted Stocks depression has wiped out countless F Sign vir lini aR 107% PWoolwertly -.... ud (Reprinted From Late Times Yesterday) | Vest markets, the report said. This pools of wealth. And now income a 63 . ae 91 % 8 (By Blyth & Co.) carried the price range a little above taxes, estate taxes will go to work > : 3% NEW YORK STOCKS the Eastern stock in Eastern mars upo

n them. ee the (Copyright, 1936, NEA Service, Inc.) Good ce.c... Gessssssssesaces Heifers prices. (550-750) Choice .......... ...$ 8. ew SSUES | Good Lh (150.500) Good and choles”... (Reprinted From Late Times Yesterday) Common and medium ...... (By Lyons & Co.) . ) Ask.

d. Ark La Gas 5s 51 98 99% | = mon and medium

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3 99 w York Curb Am Tobacco A" 99 98% | Hud ‘48 Fr Sasa 26% 26% FIRE INSURANCE Cay Ors Pwr ds ven r. 0? uss 96% Cutter, com. and med. Buk!’ cari Lute Times Yesterday) Gen Cisars dl ‘ A o i as a 83% | aun S84 Bh a. B31) Acina Pie Tos eee 9 Our Entire Steck ; Ga yers “B”. 1 Cent 5s ’ Central TiI 3%s 168 108 —Recelpts, 500— (By Atkins, Hamill & SU) prey. igsfiard 21% as Jaterboro RaDid raps 5» °8.. M% Natl Dis -(new).. 27% City of New Foren 2 BRAND NEW Ww In 4 183: c0eeeenn LS 101% Good-end choice eeeenensecesd Close Close Reya S 0 +4 joternt! Rg ad: ss 58 Seheuley Dis ci wi Fedezal Pir ; $ to UIA. +seonsessiosccens eves ! Aluminum Co of America cee .134 133% | []— . Internt] Tel & Tel 5s ’'SS MY% 8% Teton iif Sulph. 3 Am Cyanamid “B’ 36 36 Salon Su Am Gas & Electric ....... ees 44 sh Alco. . Am General 8 34 Drugs—

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