Indianapolis Times, Indianapolis, Marion County, 15 August 1936 — Page 20

rend

| Need of Neutrality

Laws Proved in

Spain.

YORK, Aug. 15—Last year some bills were introduced into the Senate to keep us out of war. This year Spanish fascists and Socialists battle for pos-

session of Spain and, incidentally, to illustrate the wisdom of one of those Senate bills. Civil war, of course, is a cruel and deplorable thing. But, scmeh o w, peoples have apparent bs found no means of i from one system fo another when they desire to change. It is always done in blood. Perhaps liberties won that way are cherished more. But, for good or ill, no one will question the right of Spaniards to h a v e their wars. Afterall, there is really no way of preventing it, assuming the Spaniards want to fight.

= » » HEN men fight about such elemental issues as human liberty and political rights, they do not do so quietly or mildly. They

reserve the right—and exercise it— to bombard their cities and devastate their countryside. Apparently these bitter forms must be gone through until one side prevails. For the nations outside the problem is, of course, how to keep from being drawn into the vortex. For some of those nations keeping out may not seem a desirable thing. For instance, France may well insist that she can not sit down idly and see Spain turned into a Fascist dictatorship on one boundary with Fascist Germany on another and Fascist Italy on another. France therefore will consult her own interests as to whether she will go in or stay out.

” ” ” MERICA, presumably, will do the same. American leaders will weigh prudently and fully all

the issues and adopted their policy. Of course in this country the policy will be for remaining out. But in the meantime it is. within the power of any stray traveler, any wandering tourist or any acquisitive adventure to precipitate trouble by carelessly drifting into the line of fire between contending factions. This an Englishman has now done. Capt. Robert Saville, on his yacht, with the whole ocean to meander about, elected to sail his craft into Gijon where a rebel cruiser was preparing to shell the fort. Mistaken for a loyal vessel, the rebels opened fire on‘the yacht and killed Capt. Saville.

# ” ”

APT. SAVILLE'S right to wander on his private yacht amid the warring factions in one of Spain's harbors is measured against the right of the English people to be at peace. In our Senate bill American craft and American fravelers were to be kept out of such troubled waters. There seems to be no reason in this world why the peace of any nation should be endangered by the whim or enterprise of one of its citizens who insists on putting himself where he may become embroiled in the revolutions or wars of other peoples. Yet England has now notified Spain that it must do no more of its revolutionary fighting near the Straits of Gibraltar, which must be kept safe for British yachts. (Copyright, 1936, NEA Service, Inc.)

CHRYSLER WORKERS GET BONUS CHECKS

Times Special NEWCASTLE, Ind, Aug. 15. — Employes of the Chrysler factory here today were cashing more than | 5

$100,000 in bonus checks handed |H

PROFITS, SALES OF LOCAL FIRM

Gains 66 2;3 Per Cent Over 1935 Period.

Net income of the SchwitzerCummins Co. for the first six months of the current fiscal year, ended July 31, is to amount to approximately $210,000, equivalent to $1.45 a share on 145,000 shares now outstanding. The preliminary semi-annual statement today showed profits of about $245,000 before Federal taxes, compared with $147,000 in the corresponding period of last year. This was an increase of 66 2-3 per cent. Sales rose 52.5 per cent in the same period, ‘amounting to $1,334,000 as against $875,000.

Employs 700

The Schwitzer-Cummins factory and home office is at 1125 Massa-chusefts-av. It has sales offices in Cincinnati, Louisville and . New York. About 700 persons are employed by the company which manufactures domestic and industrial coal stokers, ventilating equipment, water and oil pumps, fans, blowers, superchargers and other automotive appliances.

ended Jan. 31, 1936, was shown to

parison with the $154,273 earned in-the previous fiscal year. Some close observers expect the firm to make profits for the current fiscal year of as much as $600,000 which would be equal to $4.13 a share.

Sales Improve Rapidly

Sales for the year ended Jan. 31, 1936, totaled $2,349,671, compared with $1,367,672 the preceding year and $835,495 the year before that. Already, after six months of the current fiscal year, the firm’s sales have exceeded the total for the year ended Jan. 31, 1934, and practically have equalled the 1935 total. ‘The company’s balance sheet on Jan. 31, 1936, showed 460 shares of $100 par common stock outstanding. On April 10, these shares were changed to 46,000 shares of $1 par common stock and a 200 per cent stock dividend was paid. This resulted in 138,000 shares of $1 par common stock. Shares Offered Public

all of which was purchased from stockholders, were offered publicly at $16.50 a share. At this time 7000 additional shares were issued, bringing the stock outstanding to 145,000 shares which constituted the sole

preferred issues.

stock was listed on the ‘Chicago Stock Exchange. It has ranged between a high of 22% and a low of 18%, selling yesterday at ‘21.

Times Special American Mutual Protective Asso-

ment benefit life company, has purchased the American Mutual Protective Association of St.. Paul, Minn, it was announced today by R. E, "Bean, insurance promoter. Mr, Bean, in notifying members of the organization, stated that the St. Paul company had been sold “owing to circumstances beyond control.”

Local Securities

(Reprinted From Laten Times Yesterdav) Jd lodianabetia Bond and Share Corp.) e following. quotation resent actual Bids or ons oot Ie based on Bum APRN, PEE and se recent transactions. 8 inquiries of

. BONDS

Bid. Citz Ind Tel H Tel Tel RWS mn Yea o1.. 103 & Tel Ft W os

them from a special cashier’s office | fadpl

yesterday.

Local executives of the | Kok

company said it was the second |aanc

bonus of the year, approximately $150,000 having been ‘distributed In February.

"The minimum check was $25, L

presented to all who were on the pay roll during the last quarter of 1935. The maximum paid was $35. Any in excess of $25 was based on number of years of service.

COMMODITY INDEX UP Times Special NEW YORK, Aug. 15.—The commodity index of wholesale prices for the week of Aug. 8 rose 1 per gent over the preceding week to the highest point since November, 1930, the bureau of labor statistics said foday. i . On Commission Row . Quotations lw Tm - ar) w, t to fat yan Sholessls prices being i" fetts box, Thea.

BE ine fh hi

STOCKS

Ama, ¥ ped 6s M oereiiiiies 87

pid 7s nna 1: —

ABC Belt BR FR Cent Ind Home T & Hook Drugs Mic

SHOWN HIGHER

Schwitzer-Cummins Income

Net income for the 12 months,

be $338375, or $245 a share, an| increase of 119.3 per cent in com-

In April, 60,000 shares, practically | A

capitalization of the company, as. Seab there was no funded debt and no |Sceh

In early July, Schwitzer-Cummins | 5

INSURANCE FIRM SOLD |&

ciation of South Bend, an assess- 2

A LARGE NUMBER or THOSE STILL UNEMPLOYED STILL APPEAR

OO PE FOR ROOSEVELT

IN THE RURAL AREAS, WHERE THE NEW DEAL HA

PAID FARM

BOUNTIES, THERE SEEMS TO BE A TREAD TOWAR

AND THE CITY WORKERS, "HIGH COST OF LWING,"

SUFPOSED TO HAVE BEEN AIT Bw THE ARE EVIDENTLY FOR ROOSEVELT.

New York § tock Exchange Prices

Houston (new) .. Mid Con . Ohio Oil Pet: rp Phillips ePt .... 43 Dymouth oil ..

Texas Corp .. Tidewater Assn Un Oil of Cal

. 3

SOUTH BEND, Ind. Aug. 15—The | Nat

yEma . 52%, U 8 Steel = 13524 Warren Bros ... Warren P & Fdy 26° Youngst 8 & T 11%

Motors—

Graham Mot . Hudson

Hu Mac

Studebaker .... Yellow Truck ..

Motor Access—

y | Br level | Bu

Timken Det Axle Mining— Alaska Jun .... Am Mi;

G Nor ore ...

Howe ons 24 Ins C nt Sek Nickel. Kennecott ot . Park ah 2 Phy Joe Lea

High Low ' Close

100 28 163s 12% 31

9 221,

‘30% 30% 113% 118% 65% - 65%

ee d=

5 TT > ~~ es 3 NSH PA oy.) fo 8A HOUSE Lau angen S3uTu0 i Ep i 222

o COD bd pt et . Ho ps

(Reprinted From Late Times Yesterday) (By Thomson & McKinnon)

Prev close

y Intethoto RT.. t T &

‘1 Pub Serv

Prev. . close.

14%; 13

High. 14% ton G&E “A”. Nat Pwr & Lit.. North or va G & E ... Peoples Gas

12%: 33 39% 522 47 31% 19% 8's 16% 4% 88%

oe 41% 0 . 32% Stone % Yehster 13 United Corp Un Gas Imp.. 1 Ut Pwr & Lt “ar Pr Western Union .. 88% Rubbers— Firestone

8 Ru U 3 Rubber pid. 76

: Miscellaneous * Alls cohalmers: Am Mach & Pdy. Anchor Cap ..

Brklyn Man Burroughs Add « J I Case.

22% 18% Tr: 31 27% 7

s | Contl C

70 Caterpillar Tract 76 Crown Cork ... Pub ... 20% Deere & Eassman Kodak 131% : Wheeler.

Iv Cash Reg.. Qwens Boftle .. Rang

Bone ood BE ... 83% Worthingtn Pmp 30% Foods Am Sugar .. mour Oe 3%, pd. Borden

Cal a Can Dry G Ale. ~Co,

Nal 8 First Natl Stores 46% Gim

ros Jewel tre Gees

n 8 Marshall Field. . . a May Dept 8 56%s

Chicago Stocks

(Reprinted From Late Times Yesterday) \ (By Atkins, Hamill & Gates)

28% |]

High . 46 v9

Low ,

Mont Ward ... Natl Tea .

Woolworth ...... 55 Aviation— Aviation 515 Boeing oa. nh Curtiss Wright Curtiss Wrg “A” 18% Douglas Alt "ees 3

persy Co i o1% 2 crate, New 25% 25" Chemicals—

Air Reduction .. 76% ® 715%

Oa a FEA RR

Lehn & Fink Sterling Prod... Un Drug (new) +

Financial—

. | aC

Cor Lehman Corp. ae. Transamerica’ . Tr Contl Corp..

Building—

Am Radiator... 23% Gen Asphalt.... 24 2 Holland Furnace gos 39 Int Cem 53% johns Manvily ‘11794 116 Libby Ow ns Gls 68% 67% Otis" El rn 2% Ulen Cons ..... 3% 3% Household— = 13%

bd Peet ... 1% 13% Kelvinator a

Proc & Gamble. Servel Inc ..:.. Simmo: .

10%

__- Building Permits

Fred Fisher, » N. DeQuincey-st, ‘elec

7 | trical, $100,

Forres

acars-Rosbus Co., 5 N. -Alabama-st, | aeeticn, fer Co., iy West-sts, ton-st, pr $230, ee Con oi ag dian Ct ourd Homan.

trical, Ey

Gregory & Appel, 5735 College-av, elec-

ae 5707 N. Delaware-st, | First

stoker, $275.

| ail rising fax purgen”

oi and common ........ 2

, 5361 N Pennsylvanis-st, Fr electrical, 1% | “Bots Neves, 19h B _89th-st, electrical

én White, 2107 Napoleons, stoker,

17,900,000 Now Connected

~ While in 1930 Total Was 20,201,000.

| rms pei

NEW YORK, Aug. 15.—Revenues of telephone companies are respond-

| ing emphatically to the quickening = | tempo of ‘business and. social ac- | tivities, a Standard Statistics Co.

report said today after the firm

| made a survey of the industry.

“Despite rate reductions and the the report peanungs this year are ex- ; to y approach those of 1931, oe oe was by no means a poor year, for telephone company earnings did not fall away sharply until late in 1932.” Low Reached in 1933 - In 1933 the number of telephones in use had fallen to 16,711,000, low

for the depression. The report showed that the number: has in-

| creased about 1,190,000, a gain of

slightly more than 7 per cent. Of this gain, approximately 475,000 new connections, representing nearly 40 per cent of the entire recovery, were made in the first half of the current year. “Indications were that the total number of telephones in service on July 1 was 17,900,000,” the analysis said. “This was 11.4 per cent below

‘| the peak of 20,201,000 in 1930.

“Further progress along the upward curve of cyclical recovery in the United States should see tele- | phones in service topping all pre-

| vious records within the next two

years.”

Local Livestock j

(Reprinted From Late Times Yesterday) k Receipts .30 4000 arket . 4000 45 : 5000 .55 : .65 ; 3500 11.80 :

Light Lights— (140-160) {ood a and choice. 3 302114 60

15 Lightwelg hts— a 60- 160) Good and choice.. 11 A301. 65 i Sal, 4

0.93011; 8

11. 80011. 80 11.60@11

Medium We nip (200-220) and 2220300 Good and

te He bea 290) Good and (200-350) Good and

Packi

choice. .

11.90 1100

choice. . choice. :

3 mmon . (1100-1300) Choice :..

Medium . ian. (13097Choice .

Heiters (550-750) Choice Good

ood Common and medium Low cutter and cutter ... Cutter, com. and med. bulk... Vealers —Receipts, 500— Sod and choice ...cooveieeis edium

had

Calves (250-500) Good and choice. -$ Com Feeder

Com. and iti (800-1050) Good and Sholes.. Com. and

8kss pe 283

GOOF «ose cincnnpisvaness rey Common wid medium

SHEEP AND LAMBS —Receipts, 1000—

Lam Choice . aveeiae Good

Wh INN a0

«38 oo

Ne anoeo

: = 2888

Unlisted Stocks

(By Blyth & Co.) NEW YORK STOCKS

id Bankers Trust .......ccoceobn ant Central Hanover ........cs.s. «131% Chase 48%

3500 | 2%;

Sab then EEgEs

fe fol 7s 7s =

books are now available at the business branch of the Indian- ~ apolis Public Library.

WEALTH AND CULTURE: A STUDY OF ONE HUNDRED FOUNDATIONS AND COMMUNITY TRUSTS AND THEIR OPERATIONS DUR‘ING THE DECADE, 1921-1980, by

ON GOING INTO BUSINESS, by J. C. Baker and D. W. Malett. “Much of the defeatism in the current pul HE a attitude toward unemployment is difficult, but a deexist for energetic men Fo carefuly plan their job-seek-

THE ORDINARY DIFFICULTIES OF EVERY DAY PEOPLE, by John RE.

- Oliver. “If men can man to lessen the tensio!

~ friction, to loosen n and : lower The tempo, we shall have done

THE LAUGHTER LIBRARY, edited by J. H. Johnson and others. A book of Appropriate stories for any occasion to meet almost any conceivable situation, , best of all, adequately indexed. THE TOWNSEND SCHEME, compiled by Industrial Conference Board.

N.Y. Bonds

(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Average Equals 240) 20

uel

5.8 10. 5 106.2 101.1 108. 3 936 Low 90.0 (Copyright, 1936, by U. S. GOVERNMENT BONDS

(By Abbott, Proctor & Paine) Treasurys

84.7 93.3 standard OS oatistics)

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949 3s 1052 ) “Federal Farm Mortgage Dosh. 3hs 1964

as 1949

104. 103.16 102.23

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* ghieep and 1smb auotations on clipped | So

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Texas Pac Bs BN. ..co0uiennnen + 105 MB. cirerasionee. 104% 1104

als AP &.T 3s SiC 124 a '56 aamenansuss d Ey i fo 3 a : Ps — i

Available at Library ||

23 | reported rather liberal recei

ON LAST

Supplies of Grapes, | and Plums Increasing

in Midwest.

melon and peach crops, the U. 8.

of midwestern markets said today. There was a let-up in western apples, but grapes, pears and plums showed moderate increases. Potato shipments rose while onion, cabbage, carrot, sweet potato and celery movements continued at the colume expected at this season. Expect Smaller Crops August estimates, predicting dee creases in production of from 2 to 40 per cent in all lines, strengthened produce markets generally. Leading tree and vine fruit crops were ex pected to be fully 25 per cent under last season. Truck crop conditions in the Middle West were described as spotty, but were reported “fair

7 | to good” in most parts of the East

and far West. The potato market remained fairly

3 | steady with shipments contin

heavy for this time of year. C were mainly from New Jersey and the far West. The potato crop of the 18 late shipping states was ese timated at only 211 million bushels, 50 million bushels below average,

: and 60 million below last year’s out=

put. Principal shortage was reported

13 |in the Middle West.

Melon Trade Declines

Eastern potatoes around $2.50 per 100 pounds in the Middle West, where city markets , slow demand, and steady prices. raska cobblers and western red stock wers

101.26 | 1 1oted around $3 in several markets

and Idaho Burbanks were also $3

04.13 |at Chicago. California Long Whites

continued to sell above the general market at $3.40 to $3.75. : Cooler weather slowed down the melon trade and brought " price declines in-the East and Middle West. Homegrown supplies of cantas loupes were decreasing in the Middle West. With warm weather,

4ldemand was expected. for Colorado

receipts. At present demand for all classes of melons was reported as light. Chicago prices dropped $50 to $75 per carload the first week of August. North Carolina shipping points quoted Tom Watsons around $100 per car, $75 below recent tops. Rocky Ford cantaloupes started in producing sections at $1.25 to $1.50 a Juibo crate, with fairly good de= mand.

Detroit. Buys Indians Onions

‘The late oniod crop was one the vegetables slightly above aw age, with yield better in the E than in the Middle West; wh yellow onions sold from 85c to $1 50 pound lug. brought $1 to Eastern onion markets were about in li=¢ with midwestern prices. The cabbage market continued Labout steady at close to the prices prevailing at the beginning of the month. The Indiana cabbage crop was found uneven, Peaches were in good demand midwestern markets. The - Arkansas

report said. port Sid. kets showoil little change, Michigan Duchess and Weal were prominent in Chicago markets

{20 3 8 SI Ruch.

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