Indianapolis Times, Indianapolis, Marion County, 19 August 1936 — Page 19

ferent.

- the plan.

0. i. Dombhoft, 100

It bjects to Selling

+ Abreast of The Times on Finance

+

newsprint and fabrics; soy

PAGE 18

‘WEDNESDAY, AUGUST 19, 1936

- roadbeds.

: Manufacturers are looking to Ta dre for more and iQ more raw materials such as: Vegetable fibre plants for

bean plastics as wood sub-

stitutes, and cotton membrane mesh for reinforcing

: Workers Stock in Old Way.

YORK, Aug. 19.— Col. Frank Knox, candidate for Vice President on tne Republican

ticket, turns up with a share-the-

‘wealth plan of his own. He says:

“1 want to see a real sharethe - wealth movement in the future, I want to see an increasing share in the profits of this system going to the workers.” But how is this going to be brought about? By selling stock to the workers. That is the colonel’s plan. a, There are 12,Mr. Flynn 000,000 owners of shares now, says Col. Knox. And he observes that war and depression have temporarily set back this Movement.

2 ” o J course there are not 12,000,000 shareholders. It would be

interesting to know where Col. Knox gets those statistics. There are about 18,000,000 names down on corporate books as shareholders. But as there is an enormous number of duplications—many people owning anywhere from 20 to 100 or more separate issues, it is-impos-sible to say how many there really are, The best estimates, those made by Gardner Means, are that the actual number of shareholders is from four to six million. This is merely by way of keeping the record straight. + Now let us see how workers are going to share in profits through pwning corporate shares. Before a worker can share in the profits he as to buy the shares. And these e will. buy from the corporation.

s 2 8 =

HIS means that the first step in this little plan is take a lot of money from the workers to finance industry. As a matter of fact, this might be well enough, if corporate organizations were difThere are some corporations whose workers own the stock who have fared very well under But in most cases the workers who have bought stock have been the victims of stock selling schemes along with the rest of the investing public.

i Look, for instance, at the workérs who bought stocks in their companies back in 1929 and before. It is a safe guess that not only were their life savings wiped out, but in many cases they were subJected to grave burdens to pay for stocks on the installment plan long after the stock had fallen in value to where it was almost worthless and after the workers’ earnings had been seriously reduced. ® 8 2 HE truth about the matter is that selling stock to employes has been in many cases a bit of a racket—a fact I record, of course, subject to modification in favor of many plans, which were thoroughhonest, even though most. of em turned out to be disastrous.

{ This movement, says Col. Knox, will begin again. Let us hope it not begin until the government takes some measures to proect the helpless employe against too smart employer. : In one particular, however, Col. Knox's idea is interesting and needs some explanation. If logfecal it will mean that the workérs will supply both the labor and e capital. But who will con1 the industries? 1 (Copyright, 1936, NEA Service, Inc.)

3 . (L S iti Local Securities (By Indianapolis Bond and Share Corp.) The following quotations do not represent actual bids or offerings, but merely indicate the aproximate market level based on buying and selling inquiries or recent SRansactions,

BONDS ) Bid Ask Citz Ind Tel (T H) 4Y%s '61 ..102 104 Tel Tel Rt W 5's '44 .....104 105 Tel & Tel Ft W 6s '43 104 106 Indpls Rail Inc 5s '6 ve...0 B85 68 Interstate Tel & Tel 5'2s '53.. 97% 100 okomo Water Works 5s '58..104 105 orris 5 & ‘10 Stores 5s 0

B C Brewing Co com t Rail t Rail 8 Y Cent Ind P eT & Roy o k Drugs I . 18% 20 & Mich Eieo °c pid 7s. 35 108 rv Co 6s ......... 101% Hydro Elec Co i cence 6413 Gas Co com 6s ... ... 34 1s Pow & Lt Co *otd 6s . Fi 96a r & Lt Co pfd 6l2s. 98% 100% Is Water Co pfd 5s ... .. 1 105 nd Pub Serv pfd S'%s 75 78 d Pub Serv pfd 6s... 83 d Pub Serv o pid 7s 86; 89 Laundry Co com ...... 41 16 of Ind 6s ........... 6la 25 b Relv of Ind pfd 7s ...... 553 58 puth Ind Gas & Eieo ptd 6s..102 104 0 on Title Co com .......... 2». 3 Shera tsetse le Bice Co 80° * » o Building Permits o. 5. Howard, 5723 N. Meridian, Rady Fielder, 4049 E. 38t-sth, elecC. Ellis, 2314 N. New Jersey-st;

trical, 3 L. Keeler, 5870 Forrest-la, electrical,

Emerson, 839 N. Eastern-st, elecdard Grocery, 445 W. Washingtondor, 5538 Guilford-av, electrical, Qs 3 5446 Kenwood-av, elec- . Burhenn, 5362 Kenwood-av, elec . Hill, 5407 Kenwood-av, electrical, ro 1808 Park-av, electrical,

rd Kiln blade! Co., 798 8. Hardingol ET 145 W. 49th-st, elec-

5. "Darcy, 6431 Riverview, electrical,

Umsteacler, 3533 Graceland-av, elechy Ridge-rd, elecBrothers, 5119 N. Capitol, elec"3. McKee, 4510 Park-av. electrical,

ta Gamm Association, 737 W. HE iL x, ada, she ander, TIT Lexington-av, garage, § Tavern, 10th-st and Holmes-av,

Co., 1336 Carroliton-av, |

Y JOHN T. FLYNNe—__|

GROUND TOWARD FULL RECOVERY

Impending End of Freight ~ Surcharges Clouds Horizon.

BY NED BROOKS Times Special Writer WASHINGTON, Aug. 19.— All signs pointed today toward rapid convalescence for the nation’s railroads, chronic sufferers from depression ailments. The carriers hoisted these signals indicative of recovery:

Net income up between 20 and 25 per cent this year over 1935. Car loadings highest in five years and prospects bright for further increases at the fall peak. A $38,500,000 improvement in four months in the ratio of borrowings and repayments to the Reconstruction Finance Corp. Gains in the equipment fileld, with largest number of frieght cars on order since 1929. A gain of approximately 50 per cent in rail stoeks over a year ago. Employment above the million mark.

May Meet Fixed Charges

Financial statements indicate the roads this year will meet fixed charges for the first time in several years, Class 1 roads for the first seven months reduced net losses to about$16,000,000, compared with $78,000,000 for the corresponding period of 1935. Expected autumn business, despite curtailments resulting from the drought, is counted on to wife out deficits of earlier months. Net income forthe first six months reached $238,242,934, a gain of 22.3 per cent over 1935, while total operations revenue advanced 14.5 per cent to $1,872,928,867. Offsetting some of the roads’ cheer was the recent refusal of the Interstate Commerce Commission to make permanent the emergency freight surcharges which added revenue to about $100,000,000 annually. The extra tariffs expire Dec. 31 and the carriers, still hopeful of retaining a

file schedules of individual increases on the various commodities.

Opposed by Coal Industry The coal industry, which contends it is bearing about $30,000,000 a year of the additional charges, is preparing to resist the move for continuation. Carloadings in recent weeks have ‘been above 720,000, representing gains of from 20 to 28 per cent over 1935. Increases to 850,000 or 900,000 cars, which would be the highest level since 1930, are being predicted.

repaid $55,715,000 to the RFC, while increasing borrowings $17,217,000. Of the $506,133,000 lent by the RFC since its organization, $155,292,000 has been repaid. Largest debtors as of July 31 were the Baltimore & Ohio, $70,000,000; Chicago & North Western, $42,000,000; Colorado & Southern, $27,000,000; Erie, $16,000,000; Illinois Central, $25,000,000; Missouri Pacific, $23,000,000. The Pennsylvania and New York Central have repaid fully their loans | of $28,900,000 and $22,000,000.

New Bond Issues

(By Lyons & Co.)

k 4s 51 . 100% 100%: Arkansas Gas 4s '51 ....... oes s 8 Associated Telephone 4s '65 ...1063 107% B & O 4%s 39 ........... ...100 100Y, Cal Oregon Power 4s '66 ..... 98% 98% Central Maine 4s ’ > rrsene ..105% 105% Central Oil 3's "68 .......... 107 10742 C & C “H” 3%s "06 99 997s Chicago West In 43%s "62 .101% 102% Chicago Union Sta 3's "51. 11103% 104% Cleveland Tractor 5s ’45 ..... 97% 97% Columbus Tailway 4s 1 1058 107% Com Invest Trlst 3'as 04 Conn River Pr D L hs “8. 1085 105% Consolidated Oil 3'2s °5 98% Cudahy Pkg 33%s "35 .......... “101% 02 Cudahy Pkg 4s '50 ........... 02% 103% Edison Illum 3%s ‘66 ........ 106% 107, Indianapolis Water 34s ’66 ...101 101% Iowa South Utilities 5128 '50 ..105 . Kansas P L 4%2s '65 .. ......108 109% Los Angeles G & B 4s ‘70 ....106% 106% McCrory Stores 5s 51 ....... 102% 102% Metro 85 Le... iene 10833 108% Min Gas & E Dr 4Y%s ‘60 105 . onon W Dr _4las '60 .. .....105% 108% Safraganses Elec 32s '66 "...103% 103% Y Chi St Louis 4s "46 ...... 01% 101% Niagara Falls Power 3'25 '56 105% 105% New York Ed 3's '66 ..... 102 102% Okla Natural Gas i bag ‘61 ... 98 9872 Okla Natural Gas 5 8 ..... 1043, 105% Pacific Lite 4!zs "45 Cena 05% .-- Peo Gas Lite & Coke 4s 61 . 97%a 28 Penn Raiiroa), Svs 0 ...... 101 eee enn el 4s 60 .. .....iieee 74 “ns potomac El Power 3%s '66 % 01. Pub Serv N H 43s '60 ....... : 106% Railway Lite 415s ‘65 . ... ..109 ooo, Sagueney Power Ak, 66 ....1 102% San Diego G & ‘85 . 109% Southern Cal Gas A 63 ...... 106% Southern Kraft 4's '46 .... 982 Sourhern Suite 33s 46 2 as So West G B 45 60 .. ... - Wisconsin Gas & Elec 312s '56 103% 104 Wisconsin Pwr & Lt 4s '66 ... 99% 100 Wisconsin Pub Serv 4s '61 L..104% 104%

Investment Trusts

(By Thomas D. Sheerin & Co.) Bid As 2.01 2.2 1. . .01 . 9.00 . . 8. 3. .e Shares (orig) ... 2.88 I. Trustee Shs ‘B'.. 10. ve Trustee Shs Ss .. 4.85 \ Trustee Shs - .. 17.30 8.10 . 1.78 1.94 . 6.68 7.3 tereee 25.36 27.27 FP, 1.01 1.1 « 32.24 34.29 9.82 10.62 ay wr 27.81 51 . 16.25 17.76 ET 1.96 2.12 3.56 . 3.51 . 270 . . 172 1.89 .. 173 1.88 .. 3.88 ... .. 10.04 ... Caen 528 ... ..108.25 113.75 . 1434 15.59 . 703 ... .. 639 ... « 1,12 1.26

Unlisted Stocks

. {By Blyth & Co.) NEW YORK STOCKS

Ask. Bankers Trust .....cceeeeesee 11 ais Central Hanover ..... Chsesanas 3 34%, Bl Ss are aero Continental ........;e0v000....147T% 151 Guaranty - .355 338 Irving 18% Manuf 51 N ab OY erative 4 on Jos Natiohal Boson +... y BB FIRE INSURANCE Aetna Pire Insurance ........ 52% 54% rican Ins o Newark! 1.0! 1 15h mg my cas nvass | Fire een

Ee orem a * camssssessens sa eiag

2

RAILROADS GAIN

part of the gains, are preparing to | Atl Rig

Since April the railroads have |;

BLM LS

“SAY IT’S TRUE, UNCLE!”

Bowrn xen,

New York Stock Exchange Prices

Oils— High.

99

t f Ts Barnsdall .. 16% Consol Oil ...... 12% Cont of Del...... 31 Houston (new) .. 9 Mid Cont Pet.... 22% 9hio col 1%

Tidewater Assn’. - 18% Un Oil of Cal.. 2 Steels— Am Roll Mills.. 27a Beth Steel ...... 617 Cruc Steel ...... 44% Inland Steel 110 Ludlum Steel 27% McKeesport Tin 95 Otis Steel .. ... 15%

Rep ion & Steel 22Vs e &° Fdv. . 50% Us Shee pid . 132 Warren Bros . Warren P & Fdy 28% Youngs'n 8 & T 78%

Motors— Chrysler ........114 Graham Mot ... 22 Hudson ........ 163s Hupp ......c... 2Ys Mack Truck . 36% ash ..... veers 16% packard “eeee .. 10% sererressene 4a Studebaker Leee 113 Yellow Truck... 19% Motor Access— Bendix ......... 28% Bri gs Creenaes . 55% Bu Mfg ..... . 13% Budd Wheel . 10 Eaton Mfg ..... 34Ys Elec Auto Lite.. 38% Greyhound “B”. 59% Houdaille ...... 8% Murray Body... 19% Stew Warner 18% Timken Roll 63% Timken Det Axle 22 Mining— Am Metals .... 33% Am Smelt ..... 86 Anaconda ...... 39%, Cal & Hecla ... 12 Cerro De Pasco 53% Dome Mines 54% Gt Nor Ore 18% Howe Sound 50%2 ns Copper 11% Int Nickel ...... 32 Kennecott Cop.. 472 McIntyre Mine.. 41% Park Utah ...... 33s helps Dodge 39% U S Smelters 78, Vanadium ...... 414 Amusemen ts—/ rosley Radio .. 32 ews Inc ...... 614 | Radio Corp .... 107% Paramount .... 1% RKO .......... . 6%

Tobaccos— Lig & Myrs (B) 107 Lorillard 334 2 Phillip Morris. 81

(By Thomson & McKinnon)

Reynolds T ( 55%, Salts ees urute 823, A Const Lines Sha B 9 ne 2 % an Pacific M & Ti N 7s Dela & Hud an Erle Lac & W 1913 r @ ieceeieane pfd 26% ot ‘Northern’ prd. 41 hn Co ral .. 26 hi Sen Vv Vai vy .. 5 Te alley .. ‘8 Lou & Nash .... 88 K L... 83 MK & T pfd... 303 Mo Pac pfd..... 5% Y Cent ...... 1% N Y New Haven. 4% Nor Pacific..... 26% Penn RR ...... 37% Roading re reines 451, Seu Pac ........ 413 Union Pac Cees 1382 West Maryland... 93 Equipments— Am Car & Fdy.. 2% Am Loco seracns 1a Bald Loco .....- 3: Gen Am rank C 58 Gen Elec ....... 46% Pullman Inc ..: 56 West Air Br.... 43 Westingh Elec...140!2 Utilities— Am & For Pwr .. Am Power & Lt.. 12% Am Wat Wks ... 25'2 Col Gas & Elec. 20% Comm & Sou.... 3% Consol Gas oe 42% Bee os n ro Elec a Int T&T ...... 13% Nat Pw & Lt.... 12 North Amer..... 323%: Pac G & E..... 39% les Gas .... 52% Pub Serv N J... 46% So Cal wo 32Y Std Gas ....... Tia Stone & Web... 19% Un Gas Imp 16% Ut Pwr & Lt ‘A" 4% West Union..... 88% Rubbers— Pirestone ....... 27% oh ..inain 23% ear ...... 23% U 8 bber .... 293%; U S Rubber pfd. 74% Miscellaneous .. 54% Am Can .130% Am Mach & Fdy 23% Jurougin 2 I Case........ 60g Gonti Can ..... 1g Caterpillar Trac 76

2

Noon. Prev Noon. Prev. Noon Prev. High. Low. N. ¥Y. close High. Low. N. Y. close. Low. N.Y. close. | Crown Cork . 64 63% 63% 63'2 | Transamerica ... 13% 13% 13% 13% 99 89, 100% Curtis Pub 0. 20% 20% 20% 20% Tr Contl Corp.. 10% 10% 10% 10% T% 7% 7% oster eeler.. — 16% 1655 1694 | Gillette ......... 47% 14 14 14% arn. sv 22% 3% 3% 13% 13% 13% | Glidden 42 42 ~~ 42 41% | ‘going Purnace. 39 -38% 38% 38% 31 31 31% | Int Bus Mach...173%2 173% 173% 173 [9800 © ve b37e 54 38. 9 9 9 ~|Inter Harv..... 78% 18 8% 8 | johns Manville 117 © 117 a 22 ~~ 22 22% | Natl Cash Reg.. 24% 24 24%, 24% | {op Ovens Gis g1a 887s B. 48 1212 12% 12% | Owens Bottle ...149 149 49 50° | BLY pow 0%: 28s. 28% 29 135 135 13% Rem Rand ..... 18% 138 18%2 18% | g's Ge sum’ 102 s 02 4 102° 101% 3 4 4] Foods— ot 17% 17% 177% Household— 31% 2 31%a Am Sugar eeeses 58 58% 58% 58 Col Pal Pest. . 13% 13% 13% 13% 18% 18% 18%; | Armour . Sh SA hh ,5Yal Congoleum 35% 34% 35 38 27 27 27 Beatrice Cream. 21% 21% 21% 217% Kelvinator 20% 203 21 14 14% 14% | Borden Pro 0Ys 30% 30% 30% | Monawk carpet 2 Ne 2A NR A 37% 314 30% |Camads Dry ci Algie 13% 18, BR extiles— a a on ak ‘A: a 6312 3% 63 |Crm of Wheat.. 36% 36'2 36Y2 36% | Belding Hem ... 137 137% 137 137% 387% 387s 39 Cuban Am Sugar 113%, 11% 11% 11 cose, Corp. . an 37% nn 37% 16% 167s 167s | Gen Foods % 30 ° 3) ° 38% [Collins Aikman 52 52 52 53% 31% 21% 317% | Gold Dust ..... 127% 12% 12% 12% | Gotham Hose .. 98% 9% 9% 8 hf ar . es 38 Se 38 Indus Rayon ... 33% 33% 3368 33% . 4 tb Te 212 2TH | Purity Bak 14° 14 14° 14% | @e ft Bi|storemeowisn, ux 3, nl Produce Markets 110 10° 109% 4 cee. 27 (The prices quoted are paid for sto ck 31% 31% 2. Ward Bak “B” ne i i 3% gathered in the country, Phile delivered 15% 15% 8. Wrigley, ........ 1 64's" 64'a 64% i Indianapelis the price is 8 4 got om ler. J] J eav, ree ens, {Vv Hn, 221 213 Retail Storesw 4 . hens, oc; colored springers, 12 lbs. an 132 © 132 13% ed St reSo0 is i 12% 1 12% | over, 15c; jAeshorn springers, 1% Ibs. : e, s Wb 261 2 Gimbel Bros ... 17% 17% 17% 17% and pony 50 2 gees so. “fait WN nthered. all 11% 8% 1% |Gm Un Tea ... 3% 3% 3%a 3% | sizes, 4c; all guineas 1% lbs. and up, 15¢C; Kresge 8 8 ..... 27% 27% 27% 27% old cocks, 8c; No. strictly fresh eggs, Kroger { Groo cee. 20% 20% 20% 20 |]oss off, 18c. Each ull case must weigh 113% 114 113 |Macy R H...... 48% 48% 48% 48'2 | 55 Ibs. gross, a deduction of 10 cents 2 22 2% 2% McCro 16% 16 16% 16% | pound under 55 lbs. will be made. No. 16% 16% 16's Marshall ‘Fieid.: 14% 1 1320 143, | PObntter. 37% @38%¢; No. 2, 3572 @36%ec. 21s 2Vs 2% | May Dept St.... 56% 56 56% 56% | Butterfat, 34c. 36 363% 36 Mont ard ceenes 2% + /a 9h 45 * 15% 15%s 15Ya | SBE SEB Lpeeoes : (By Daltit Press) 105% 19% Ms Sones “Bochuck.. 33° 31% 83° 3% | CHICAGO, Aug..19.—Eggs—Market, un13 113 g1% | Woolworth ...U Bia 84K 84% 54° | settled; recelpts, Cu ashe: ries, ae: 9%, 10% 19% | Aviation— current receipts ’ checl 7c. : ’ Aviation Corp .. 5% 8% 8% Bi Butter Murket, unsettled; receipts, 8067 28% 28% 287s | BOEINE PAfroratt. 20% 29. 28° 28% tubs; extras (92 score), 3 34Y,@34Vac; extra 85 58% B55 | Gurtiss Wright Sie 8% 8% 6% | firsts (90-91% score), 33% Sc; firsts, 13% 134 13 Curtiss Wri (A) 19% 197 194 18% 32%@33c; specials, 34% @35 andards, 9% 10 97% | Nor Am Av. wo S48 81% 8% oth ihe ol Smanan ooo 0) Sloane, snare : oar fi: Ble 34 |UwW Rircral new 23 34% 38° 3% spring chickens, 17 hens ese: 23° 28% 28% | Chemicals— - jurkeye, ens C1oGh 100 ers, 15% @16c es 1 19 18% | Air Reduction. . 5% 75 5 5 c; old r S, C; 1s 138 13% Aled a 2337 233 208 295 | fryers, 16@17ikc. : 631% 63% 63V | Am Com’ cofiol 26 2612 26 36 | Cheese—Twins, 0%. @10%a0; daisies, 20@ 21%: 31% 21% | Col Carbon ....12872 125%; 126% 127Yy | 20%c; Jonghern, 20 Com Solvents ... 16% 16 16 16 Potat Supply. tberal; demand, slow; 32% 32% 33 laud. Carb read ith 1% 12 a GL: o og 1 *3 0 Sh 15; St Buss et rie 86 86 86 |Math Alkali .... 3 35 36 34 umphs, $2. 706.3. 8: Nebraska | Cobblers, 3915 393% 40 Natl Dis (new).. 29% 29% 29% 297% New Jersey Cobblers 11% 11%, 12% | Schenley Dist.... 43% 43% 43% 44 Arrivals, 80; on track, Sad pmenia, 531s 537s 53% | Union Carbide 7 7 97 | 285. 54% 54% 33% Drugs— . - 30° 30° dv |CotyIne...... 5. 4% 43 fi Other Livestock 11% 11% 11% | gn Drug (ew) 14 14 4 4 By United Press) 52% «G32 2204 |vick Che cee 44 44 44 44 CHICAGO, Aug: 1. Hogs — Receipts, 41% 41% 419, Zonite Prod po 1 1 7 7 fo 18 including 2 00, DR Ts mostly I 31 3, Financiale cents lower; g. weights cents 5 we dh a jin 0 EE eB IA Ta { ; 1 orp.. 23% 24 233, geny a of Gb ik Ibs. S11. a 85; best light Tights, $11, 4 attle—Receipts,; 10,000; calve 31 312 30% } another active: and firm trade i better Be BEB OR pat ying dos Jovi Of Ten 4 ‘a 8 : eers,; ers n ar. 58 15 7% cag 0 S tocks also geting action; $10 bid on 1050. 1h. lon 62 6% 6% : yearll ngs: Some 36 Ib. yearling uk sold ul S! eliers. stee wil. SUP (By Atkins, Hamill & Gates) prov efop : comprises me im welgh and 24 23 3% Close. close. | 1: Tas 1250-1b, Toverages $9.50 @9.75 early 80 Bu ai Advance Aluminum Ya © 8% | top medium weights, $9.90, but several fod Dtotucis % ... |strictly choice held above $10; middl Bastian-Blessing . . 18% ... |jow grade heifers weak, cows steady, 0 15 81 82% 81Y, | Butler Brothers ..... «oo 11% 11 cents lower, bulls strong vealers steady, 803% 03% Chicago Yellow Cab .......... 27 27 [email protected], ‘te w $9; sausage bulls 3% 22% 2% Sommonweaitn Edson SU Tan Taf Roun 86.30: BW I 115 1% 1% (Cord L........... eee “i, | Sheep—Receipts, 5000, including 700 3% 3% | 27a |CIBDe La 38% | airects; lamb trade developing slow. early 432 43% 43% Electric Ttouseholy, ie 14% | sales native and most ak to 35 18% 19%: 19 Godchaux Sugar “A” “3iy, | cents lower, largely $9a938 to. packers vy 2 | outside utchers, w grade 103, 26% 24% |Ken-Rad T & L .........LLL 12% tive: the throwouts, [email protected]; no early ac. 403% 41 40% | McGraw Electric ........ esses 35 35 tern rangers, fat ewes ste 24 26 24% | Nachman Spring Filled 16% 16% | LO0 OF “mostly. $2.3503 @3.50. ay py . weak, 225% 22% 221s |ZeNith ................. Jeeees 357% 35V 14% 15% 141% SoRmizek Cummins - L..: ceceessss 31Y 21% 8° ss wi Money and Exchange 7/8 /8 , 3 INDIANAPO TATEMENT Bo Ba Bu New York ork Curb Clearings -.... EY ---43.883,000 0: 41% 17 (By Atkins, Hamill & Gates) = |Debits ...... conga gonad d PEE 6,233,000 4 7/4 . 35% 26'; 257% Close. chow: TREASURY STATEMENT Hr Tp An nm Co of Amerlca.....133 131 i (By United Press) 40% 4130 40% | Am Gus ds Blectrie [1111 444 4454 | oo NASHINGTON, Aug 10 corer eny 133° 133% Be Am A ceeveseessecacene 9 9% | xear % Aug. 17, compared with & year Ark Natural Gas “A% 0.00. B98 ug | 980: This ¥ Last Year , , At1AS COID. ...-:uenuasnrsnns 14 4 aim SE a | Comtaen mand sia % 83 06 mee ¢ ost te08 wots ne she sti 1 Sole eiroiedm, Corp. es 33% mic al RE 15,234.84 LSS 5 45% 464 46 |Pord Motors Canada “A”..... 20% 20% Sub. Debi. 33410:520 689.13 20,004,313,051.53 He: X. Xv Se Alden (1) o.oo 15% 15%° Gold Res. 10,673,874.700. 38 '9.184:501.843.2¢ 130 © 140% 138% | Gull Of of Petn: Bie Shih. sit Via] Customs - S4511.6034 43.49, Humble on & Refining Ca 667% ... BO -WARNER 7 ” 7 ygrade Food ............0.. : 8 : 8Ya I ROW SALES uP 12% 19% 121 | Imperial Oil of Canada ..... 20% 20% | Times Spe 251; 250; 25 | Lake Shore Mines ............ 57 57% | DETROIT, Aug. 10.—Household 20% 0% 207 | Nat! Bolle Hoos Ine Amer... 2 212 | appliance sales by Borg-Warner for an an an Nisgars Hudson seeverae 19% 2006 [the months ended July 31, 15% 15% 15% | Sait Creek Producers Assm ... 2% 3% | totaled 328,846 units, a gain of 512 3 134 3 Tablas Chatillon Corp ccesees 3834 28% | per cent over the same 113% 11% 11% | Wayne 98 OEP sereess 37% 22%, | 1935, officials said today. 33v, 32% . 32% 39% 39% 393% . 52% 52% 52% 46% 46% 467% 31% 31% 32% T% TV ™ 19% 19% 19% 16% 16%, 16% “lowe We A Pleased ? e Are i Announce : 27% 27% 27% the Addition of a New Department 2B WY 23% Bn mi BN _Ad tock Bn Eom visory S a 54 “54y 53% 120% 120%: 120% Be NBN 23% BONN Nn 8, REE HN 7

BUYERS FORCE LOWER PRICES IN HOG TRADING

Bulk of Sales Are Made at 10 to 20 Cents Below Yesterday’s Level.

The local hog market today was very uneven with most classes decreasing in value despite obstinate resistance by sellers who held ot

for several hours for steady prices. Porkers scaling between 160 and 300 pounds sold from 10 to 20 cents lower. Weights above 300 pounds were generally steady and kinds weighing under 160 pounds were in narrow demand, selling mostly for 50 cents less than yesterday. Packing sows were steady to weak.

Hog Receipts 4500 Arrivals were estimated at 4500 with 407 holdovers. The extremely hot weather was blamed by traders for a slackening of demand for

fresh pork, resulting in a slump today in all markets.

Porkers averaging 160 to 250 pounds brought $11.35 to $11.70; 250 to 290-pound kinds sold at $11.15 to $11.60; 300 to 350-pound weights were disposed of for $10.75 to $11.25; those weighing 350 to 400 pounds moved at $10 to $10.50; weights between 160 and 180 pounds were salable at $10.50 to $11.35; others scaling 130 to 160 brought $9.50 to $10.25; weights from 100 to 130 pounds sold at $9 to $9.75, and packing sows brought $8.75 to $10 with a few sales at $10.25.

Cattle Generally Steady

The cattle market was generally steady on fed steers and yearlings. Receipts were estimated at 1200 cattle and 600 calves. Heifers were steady to weak. Cows were steady. Top steers brought $9.50. Bulk sold at $8 and $9. Top heifers brought $9 with most sales at $6.50 to $8. Vealers were steady. Bulk of good and choice veals sold for $7 to $8.

Sheep numbered 1000. Lambs|N ¥

were steady to weak with spots 25 cents lower. Bulk of good to choice animals brought $8.25 to $9.25 with

a top of $9.50. Slaughter sheep were steady.

N. Y. Bonds (Reprinted From Late Times Yesterday)

DAILY BOND INDEX (1926 average equals 100)

: ds. Ral s. 3 Boa ds. TORY ..ccoovss re 95.8 105.7 21.6 esterday ...... 91.4 95. 1058 91.7 eek 880 «.... 91.7 96. 105.6 91.7 Monta io Lees 91.2 94, 106.0 97.2 Year iio. 893 804 1018 90.4 1938 nigh sasees 93.4 96.4 1062 919 1936 low a 0 84. 103.5 = 93.3 \Copyright. “1038, by Sta Standard Statistics)

U. S. GOVERNMENT BONDS (By Abbott, Proctor & Paine)

Closes close Bn 133 4 08.9 108 7s 94347 x 335s 1941-43 ....cveereeeses 108.2 108.28 3i,s 1043-45 ....cese00se... 108.17 108.14 3s 1944-46 : 08.8 108.3 3ids 1946-49 108.22 3%ss 1949-52 108.12 3s 951-55 108.1 3s 1946-48 105.27 2%s 1945-47 104.4 23s 1948-51 102.11 2%s 1951-54 101.22 2%s 1955-60 102.24 Home Owners Loan Corp. 2Ys 0 tesseeseceseess 101.24 101.22 235 1049 .....ciciiiennnnn . 101.5 101.23 38 1052 ......iiiiiiiinnns 103.11 103.10 Federal Farm Mortgage Corp. 3Vas 1384 Mesecsisrsuntreres 104.15 104.16 3s 1049 Lo ooollllililI 103.15 103.16 35 1042-47 .............. . 104.8 104.5 DOMESTIC < : Prev. Close close Alleg Corp 5s '44 ..... [RP 98Y; 98 Alleg Corp 5 849 ....... eee. 94% 043 Alleg Corp 58 '50 ............ 88 8612 on Pow 5s 2030 ........ 0% 70% Am Te Tel 5%s '43 ....... 113% 114 An Tel 3 Tel 55 '65 .........112% 112% rm & Co (Del) 4s '55 ....... 98 982 A Coast. Line 5 ’52 ..ieienn 99 99% Atl Coast Line 4's ‘64 ...... 867 867% Am Rolling Mins hs ’45.....114 114 Balt & Ohio 5s 2000 eravaene 80% 89% Balt & Ohio 8 [PP .. 99% 99% Balt & Ohio ear '60 ....... . T% 18 Buff Roch & Pitt 4%28 '57 .... 84'a 837% Beth Steel 4%s8 60. ........... 1.106% 106% Chi Mil & Bt P 5°’ ..... . 99% ... Chi Milw & St P Ss 2000 .... T% 7% Cleve Un Term 58 '73 ....... 107% 1073 Cleve Un Term 42s 7 e0....103% 103% Col Gas 5s May '52 .......... 105 1047 Col Gas 5s A Fil °88 ...e.....- 108 104%, Col Gas 5s '61 . 10 Can Pac Perp 4s. 9 Cent Pac ’

Big Four 4'%s 77 94 Big Four 5s 63 .............. 02 Colorado & So 4's ’'80 ...... 4% 14% Chi & Nor West 4%s ’49 ...... 11% 12 Chesa Corps 5s ’'47 3 150%

Del & Huds. 4s 43 ock 4s '51 ...

NYD ! 64% Erie 5s '75 ........ 843%, Erie 58 "67 «ve. .i.0civt cnuinne 4 84%, Grt Northern ‘“G’ 4s "46 ..... 118% 118'2 Grt Northern “H’ 4s.‘46 ..... 06 106% Grt Northern wis KL JR 103% 103% Gen Stl Cast WW 5's '49 ... 87 872 Hud & Manhat Ref 5s 57 ... 79% 18% Ill Cent 43s 66 ............. . 19% 80s Ill Cent Jt 4128 63 .eeevennn 84 842 Ill Cent 5s "63 ............... 83% 89%; Interboro Rapid Trans 5s '66. 94% 942 Interntl Hy Elec 6s '44 ... .... 5 5634 Interntl Tel & Tel 42s '39... 86% 862 Interntl Tel & Tel 5s '5 80 794 Interntl Tel Tel 4Yzs '52 74 T4% Lehigh Valley 4s 2003 ........ 5914 59% Natl Dairy 3%s 51 ....... ...106% 106% Nickel Plate 42s "M3 eine. 92% 92)2 Nickel Plate 5125 'T4 ......... 102% 102'2 Cent 5s 2013 ...... ... vee 9TH 97

HOGS Aug. Bulk . Top Receipts 13. [email protected] $11.55 500 | Portland Gen El 4%s 160 oe 2% 13 13. 107381163 11.65 3500 Fora" Buniix 6s BS urea. 8412 84% 14, [email protected] 11.80 4000 | Penn P & L 42s "81 ......... 07 107% 15. [email protected] 11.80 1000 Postal Tel & Cab 5s ‘53... 31%; 32 17. [email protected] 12,00 4000 | Rem Rand WW 4%s 6 ceieen 107% 107% 18. [email protected] 11.85 5500 | Shell Union oil 3158 '51....0... 91% 9TV 19. 11. gel 70 11.70 4500 | Socony Vac 3's '50. ivenien 105% 105% Light Lights Sou Pac 4148 ’68 .....ccc00...0 93% 9312 (140-160) Good 2nd choice..$ 9. 253g! .35 | Sou Pac 4's al.. 93 Medium .......... Sou Pac 45 49 ...

Lightwel hts— (160-

) Good an dchoice.. 10901140

[email protected] . [email protected]

Megtum wei Sdium Ceeeieeane [email protected] ood and choice.. [email protected] (220-250) Good and choice. . 11.5011.70 Heb 200) Good and choice. . 1 . ood and choice.. [email protected] (290-350) Good and Ce . Packing Sows a choice.. [email protected] ( -350) Good ............. [email protected] (350-425) GOOd ¢eev.onveenns 9.000 9.30 ja) Lg A 8.75@ 9.25 Slanwniey) Pedi edium .......... 8.25@ 9.50 (100-140) Good 2nd choice.. [email protected] Medium ......... . 8.25@ 9.75 CATTLE 5 Cotes +. 1200— $ 8.75@ 9.25 = i eosenssrreie . . (530-300) Choice -.--- +. eee 1.75@ 8.75 om eessssssse 8.50@ 7.55 900-1100) Choice. 1 8758 9.0 - oice J . vy Good ... 8.75@ 9.50 Medium 6.50@ 8.00 1300) Choice 8758 5.50 - C . . {1100-1200) Goo vgs vieesesesess 8.00@ 8.75 Medium eee seo $02 30 1300) Choice ..%........ 8. y ‘ GOOd .ccoviveesees, 1.75@ 8.75 Heifers = Chi 2 aries es .$ 8.50@ 9.00 (550-750) Goo vi tI : 7.25@ 8.50 iii. medium. 15a 7.25 (750-900) Good and choice . 97.25@ 9.00 Common, medium. 4.50@ 7.25 Cows GOO +oe...cveeniiiine .00® 5.75 Common and medium . 25@ 5.25 Low cutter and cutter 25@ 4.25 ulls, GOOd .....c.cooeon.icnns 5.35@ 5.85 utter, com. and med. bulk... 4.00@ 5.60 Vealers —Receipts, 600— Good and choice ......... .e-$ Te 8.00 Medium .........co00000e essa B6.00@ 7.00 Cull and COMMON »vvvvvnnnres 4.00@ 6.00 Calves (250-500) Good and choice..$ 6.50@ 8.50 m. and medium. 4.00@ 6.50 Tic and Stocker Cattle (500-800) Com. and choice. $ 6.00@ 7.00 and medium. 4.00@ 6.00 (800-1050) Good and choice.. 6.00@ 17.25 Com. and medium. 4.50@ 6.00 : Cows Fale Ean wa ar Ewe ve. -$ $208 4.25 Common’ and medium. ......... 3.15@ 4.00 SHEEP AND LAMBS —Receipts, 1000— ChoICE ....vovvvervnsconnnas $ 8.75@ 9.50 PE aaron vans ions ates 3 8.75 Medium ........c000 6.75@ 8.25 paoon AINE chessusrrie 5.00@ 6.75 "© (80-170) Good and ee 1303 3m 3.00 Com. an 1.25@ 2.00 Bil intive July ‘1, ee i classified

as lambs. (Sheep and lamb quotations on clipped CONG

basis : <

5 '58. . Texas Pac 5s '80

Texas Pac 5s ’79 . Third Ave Adj > "60. . visesess. 38Ya 38% Undon Pac 45 "M7 .....co0vees. 114% 114%

United Drug 5s Ts3 teesetrerann 101 U 8 Rubber 5s '47....... .. NY NH & Hart 6s ‘48... oe Warner Bros 6s ’39.. ......... 977 Western Mary 528 "77........

Western Union 5s ty) Ce eaaen a 8 Youngstown 8 & T 4s '61..... 102% 102% Youngstown 8 & T aths '51....124 23 FOREIGN Argentina A 68 '57........... ..100% 101% Australia 17s 56... ieiiiennnns 1034 10314 Brazil 8s ’41 ........ teesres 34% Canadian Govi 457600 .neninn, 1305 110% Denmark 41.8 56 .ecceeeees... 99% 99 French Ts 41 ....ce0.v0000...162Y%2 161% German 5%9 "65 ...... esse 28Ya 29 German 78 49 ........ cess 36 36 Italy 78 51 ...cccee.ce0ssecces T7% 80 Japan 62s 3 eessesssscesce, 100 99% Rome 628 °52 ..... ceeseeec.e TY 4 Tokio City Sas Bl. ennnnns 75 18%, LOCAL CASH MARKET

City grain elevators are paying $1.06 for No. 1 red wheat. Other grades on their merits. Cash corn, new No. 3 yellow, $1.11; oats, 36c. Hay—No. 1 timothy, $13.50@15; No. 1 clover [email protected]; No. 1 alfalfa, first cutting, $14.50@15; second cutting, $16@117.

INSURANCE TOTAL DROPS Times Special "NEW YORK, Aug. 19.—New life insurance: production in July was estimated at $748.389,000, 16.8 per cent below the July, 1935, total the Department of Commerce stated toay.

W. L. LYONS & CO.

Grain, Cotton, Commodities, Stocks, Bonds

New York Stock Exchange New York Curb Chleago Board of Trade Chicago Stock Exchange

Russell McDermott, Mgr.

142 APPLY FOR AID FROM FHA IN LAST WEEK

Marion County Applications Amount to $5,041,311, Peters Says.

Applications for FHA loans totaled $482,400 for the week ended Aug. 14,

a new high mark for this govern mental agency in Indiana, R. Earl Peters, Federal Housing Adminise tration state director, announced toy. New home construction was cone templated by applicants for $124.« 200 of the total, Mr. Peters d. Applications came from 142 - viduals, and the week's figures edme pared with 51 applications asking $166,925 for insured mortgage loans ing the corresponding week of 1835, Total applications for loans in Ine diana now amount to $14,570,110, received from 4430 persons of whom 667 planned new homes to cost $3,071,393. Refinancing of existing mortgages caused 3763 applicants to ask for loans totaling $11,498,717, Mr, Peters said. The applications for insured mortgage loans made by residents of Marion County aggregated $5,041, 311, Mr. Peters said.

DIVIDEND IS DECLARED Times Special . CLEVELAND, Aug. 19.—A regular quarterly dividend of $1.62'2 a share on preferred stock payable Sept. 1; to stockholders of record Aug. 22, has been declared by directors of the City Ice and Fuel Co.

Fruits and Vegetables

(Quotations below, subject to change are average wholesale prices being offered to Huyers by local commission dealers.)

TL ears Dates, box, $3. Bae nanas—S8elected, lb., 4%c. Applés—Transuchess, 2%

patents fancy, "$1.75; choice, $1.50; No. 1 Virginia Winesaps, 2'% in., s1 75. on unkist, 260s. $7.25. Limes —Mexican) carton, 12s, 22%:c; Persian seedless, per 100, $2.50 Peaches—Georgia Elbertas, 2% in., bu. $3. Apricots—15-1b lug, $1.65. Plums—Blue, 3-basket crate, . $2; yellow, $1.50. Grapes—Seedless, 28-1b, crate, $2. MELONS—Cantaloupes—Home-grown, H. B.s, No. 1s, bu. $1.25; home-grown, B.s, No. 2s, bu., 85c. Watermelone Missouri, 30-1h. av., 60c. VEGETABLES—Beans—Round stringless, hamper, $2. Beets—Home-grown, doz. 30c. Carrots—Ohio, doz., 45c. Cauliflower —~Colorado, 12s, crate, $2.25, Celery— Michigan washed and trimmed, doz. 60e. Cucumbers—Illinois, doz. 45c. Corn— Home-grown, doz. Kale—Homebu., 75c. "Lettuce—Iceberg, Calie leaf, home-grown, 15-1b, Pepper—Mangoes. home= bu. 312 i shock & basket, 60c; doz., t—Do Onions—California $1.25. Parsley—Home- . Pears—Western Tel, Potatoes—Virginia Cobbag, $3. Sweet potatoes—New Alabama Triumphs, bu., $1.65. Fadithes— Shis white, . baskets, Sage Doz., 45¢. Turnips—New bulk, bu. $1.50, Tomatoes—Home-grown, 10-lb, ‘basket, 400,

(By United Press) CHICAGO, 2% 19.—Apples — Duchess, Michigan, Bo 5cas, weet Po emis, Alabama, bu., Carrots Iino: he Cabh re Tllinols, Tooter ra Spinac Michigan, bu., 1.25. Tomatoes — California, lugs, 312s @1.50. Ca we Solorade crates, [email protected]. Peas—Washington, bu. hampers, [email protected]. Celery — Michigan, square crates, 35@50c. Onion Market 0-1b, sacks) Michigan Yellows, 85c; California

crates, $1.14@

Yellows, $1.15. CHICAGO GRAIN FUTURES (By James E. Bennett & Co.) Wi 00 AR Wheat Figh i Sept. even » $1.13 % Rt 3% $1. 13 sl. 13% Dec. so.iaee. 13% May cecvenne 112% 1 XT Corn— Sept. ....00.. 1.16 1.15% 1.15% 1.157% Dec... 100 99% 1.00% May ......... 96 95% 95% 96% Oats Sept. seseeces 447% A4 441 . De ooiiiiis Aber as hp ih May cc....c0 46% 457% ei A8 Rye== Sept. ccoeee.. 85% .88 .85 .88 C. seeec.ess .83%2 83 B% Bae May ......... .81% .81 81 81%

Personalized Automatically Typed Typewritten Letters

Indiana Representative The American Automatic Typewriter. See It and Use It

Bemis Letter Service 303 Merchants' Bank Bldg.

MIMEOGRAPHING

Any Size Up to 14"x 20” in one or more eolors, any type paper

Stencils Cut by Hand or Photography : Each Piece a Masterpiece

Complete Form & Mail Service

‘1,000,000 to LEND

on Indianapolis Homes

r. ) I per Real estate analysts. predict rising 49 “anum prices for the next two or three DIVIDENDS years. NOW i IS Were Earned, Collected your own home. Rents are increasang Paid bY This ing. Turn your rent payments: into’ Prim 1936. home Purchase payments . . , with pd the aid of a "Fletcher Avenue" This Association Is Rated. LOAN viii GAY CLASS A’ Money invested i in shares of this association Department of i in dividends declared from 1 Financial J the of your investment.

SAFETY—A SURPLUS OVER $i 000,00000

the time to BUY,