Indianapolis Times, Indianapolis, Marion County, 24 August 1936 — Page 11
| Finds Tt Difficult to
- PAGE 11
iris daring a ree three month, or nd &
Learn Who Are
Traitors. eee Y JOHN T, FLENN.
YORK, Aug. 24—~There is nothing unusual in rebellion. i pe ml briBi in ve a rebel army attacking a city defended by a loyal army, shooting up the loyalists merrily and efficiently in battle and capturing the
g o vernment army out of the i town. But imSUR mediately 8 Flynn hunt is made Mr. for men who participated in the defense of the city. Upon the slightest evidence they are tried summarily and snot. How many such exécutions there were we do not know save that they they were numerous. ” os 8 UT upon what theory were they shot. What they did was to take part in the defense of the city in support of an existing and legal government. If they were part of the fighting force of that government, they might well be taken as Prisoners. But they could be shot only on the theory that they were traitors. But how can one be a traitor to an existing and legal government by fighting in defense of that government? The whole thing turns on whether or not the present Spanish government is a legal one. And that question should be answered because it must affect a good many other questions which will arise. . There was a legal and constitutional government in existence in July against which the present rebellion was launched. President Azana was its head. Santiago Quiroga was its premier. Azana is a Republican, but Quiroga’s government represented a Popular Front regime like the present ministry of France. But it was a legal government, s 8 8
WEN risings broke out throughout Spain Quiroga got into difficulties. He resigned and Diego Barrio was named premier. He formed a moderate cabinet. But it did not last long. When
it fell there was a good deal of
difficulty forming another cabi‘net. But finally Jose Giral was called by President Azana. He reformed the old Quiroga ministry, minus ‘Quiroga and one or two others. Giral’s cabinet still functions as the government under President and Cortes. By the time Giral assumed office the rebellion was well under way. The government has, of course, deen supplanted here and there, by the rebels in certain spots and by extreme leftists in other places such as Barcelona. But it is the +Jjegal government and those who «support it or defend it cannot be . said to be guilty of treason, what‘ever else may be said of them. wi (Copyright, 1936, NEA Service, Ine.)
SALE OF HOUSEHOLD APPLIANCES INCREASE
«dimes Special
DETROIT, Aug. 24—Establishing LO
& new record in the company’s history, household appliance sales of Borg-Warner aggregated 328,846 units during the first seven months of 1936, a gain of 51.2 per cent over the corresponding period of 1935, Howard E. Blood, Norge division president, said today. An increase of 33.7 per cent over last year was reported for house-
hold refrigerators, while sales of | Good
heating units were 3327 per cent ‘ahead of last year’s figures. ‘Other
BULK OF HOBS IN CITY TRADE
‘Below 160 and Over 300 Pounds.
207 holdovers. markets, 52,000 a week ago to 57,000 today. Top Price at $11.60 . Bulk ‘of sales fell on the 180 to
quotations ranging from $11.25 to a top of $11.60. Those scaling 250 to 290 pounds brought $11.05 to $11.50; sales on 290 to 300hogs averaged $10.75 to $11.15; the 300 to 350-pounders sold at $10.25
to $11.05; and heavier types brought
$10 to $10.50. Swine w 160 fo 180 were 160-pound weights brought $10.25 to $11.25; kinds scaling between 130 and 158 pounds moved at $9.50 to $1050 and 100 to 130-pound pigs sold for $9 to $9.75. Packing sows were disposed of at $8.50 to $9.75. A few sales were made up to $10.
Cattle Mostly Steady
steers and yearlings were steady. Fed heifers were steady while cows were steady to weak. Top steers sold for $9.25 while the bulk brought $8 to $8.75. The early top heifer price was $8.50. Others sold for $5.50 to $7. Vealers were 50 cents to $1 lower than Friday's average. Bulk sold for $7 to $8. Lambs were steady to 25 cents lower. Bulk of good to choice ewe and wether lambs were salable at $850 to $9.50. Slaughter sheep were steady, fat ewes bringing $2.25
totaled 1200. HOGS 5500 4000 500 6500 11.25 10.80
12 i Ligh (140-1 by Good and choice..$ 3 5 ium 25
Lightwelghts—
ul (180-200) Good Me
Medium Wei (200-220) Good and (220-280) Good and Reaviwel hts— (250-290) Good and (290-350) Good
ium hts— choice. . choice. .
choice. . d choice..
Len 1:80
11.05
81 4 a) ed: (100-141 140) ; Mediu
Zt
(550-900)
Anan. .00 8.25@ 9.75 Shsece! 4 Chol pts, 1400— s Good” C (900-1100)
(1100-1300) &
M (1300) Good
Sa SAnIaNRS PONDOANOLAIND 2885383333535
(550-750) Good
+ (750-900)
«JOTI
Common, medium. Cows
O00 =~ vari Common and medium s 47
83838 888238
onde
Vealers
—Rec 0— God and choice eIpis, 70 Medium
(250-500) Good Feeaor a (500-800) Com. om. (800-1080) Good Com.
appliances showing improved sales | Lambs—
volume were ranges, up 150 per cent; washers, up 119 per cent, and ironers, up 311 per cent.
4. U. BUILDING LISTED
. Among the largest engineering construction awards let in the latest
week was that of the Indiana Uni-|.
versity medical clinic building to be erected in Indianapolis. The amount of the award was $504,000. Engineering News-Record report-|1 ed today that the week’s contracts advanced sharply over the previous week's total, largely
setting a new “volume record for. any ‘week. since | = Oct. 19, 1833.
- Fruits and Vegetables
Stations below subject to
11,000,
0-170) Good and Shoise... Effective Som. 1, Ang Dedium lambs « as lambs.
*8 Sheen and lamb quotations on
basis.) Other Livestock
(By United Piess)
AGO 4.—Hogs—Receip eludineT goo pts, Siow. strong to ® 0! Qirects: Frida
avers 90-290 * ibs. gots up Snore top "350-300 Tak
sige svi” Bodi.
s Saves. choice h $16 EL anrings stede other steers and year, Sohn marl sl + steers ios adroit le: beet Wer; outer nd com up wood and Shoice grade
Filly phate igi uy BR 50 directs; Si: Jan lamb slows: us 25 ower! |
Hl i EEE Fil
DROP 10 os
250-pound weight division with Eso
salable for $10.50 to $11.30; 155 tO | Murray
Cattle receipts numbered 1400 and Pe calves 700. The better grade of fed |g
4500 3500 i
11.50 8
Sh BIRT D3 33 38388
oe tion eg RE fed | Douglas
Prices Steady on ‘Weights Pui
sEgey 3ss2 5
pr Da
epd ped bd - = es : od re Sha ShanRR 0
~~ ®
WRREER
&
2
Samat: FN
288, 5T s
ly... a arhet. oes en Timken Dat Axle Mining— Am Smelt ...... 4 Jeans ]
ARs
Hanil FRESE bttett-t
SRR Waa
wHRSa8LA8 a
Phelps Dodge ... Joe "Lead. ... Vanadium Amusementis— Crosley Radio... Fox Theater Loews Inc ..<... Radio Corp ... Paramount ..
sess
Warner Bros.. actus m Tob Ee 101 Gen C ons
rillar Phillip Morris. .
Rails
Atchison . 1 Atl Coast Lines. B&O .
to $2.75 with ag top of $3. Arrivals ea
2 Gt Northern pfd. 40% Ill Central
ih Recelpts Bile ptd 70
. 10. fii 30 Sou Pe © [email protected] | 4
. 85 Ya = . Balj 42 v
Inc Westingh Elec. ..137
~Utilities— Am &
For Pw 00 | Am Pwr & Lit. 13% A T 34
& T m Wat oa Gas & Elec. 21 & Sou
op. FF P& Lt A West Union...
Rubbers Firestone ..
U 8 Rubber U S Rub pfd.. Miscellaneous—
Allis Chalmers.. 54% Am Can
Sorts 6934 - Caterpillar rast 751% Crown Cork ... 68
- giigzuds oR
ow» bY
1 Packing .... . Goce Sek (A). 1 Cron Pr al ig
Cuban Am 10! ge freee 43 15
ih AREER na88A
sss
Gold veer 1 Nail Biscuit +4 Bury’ Bak 8 ; 3 co us Std Brands .. © 1514
FERRER IF SAERRR
Bates WIN
ees *
REE
22g
a i Cur ight a 4 Nor Am Av Fy
, New
cag Stocks
oe
1, | Central
Allied Stores 428 *51 cisrtee 100 = Arkansas Gas it i
Associa cal' Sn ryan Ce A; Tr ple,
3 ssEssessan
RT
BRESEd
AL
& Lite 4s ’66 . Pub Serv 4s ’61..
Ee Securities
.i104%
The following quotations dq not represent actual bide or offerings, put merely feats the approximate market level uying and selling inquiries or recent oO acs ions. - BONDS cits In dTel (T H) avs '61.. H Tel Tel Rt W 5%s Tel. & Tel Pt W
rminal Co 5 1 tana 78 nants Water Co ies S86 100%
STOCKS
ABC Brewing Lo com. Belt Rail 8 Y ¢ Belt Rail 8 Y ofa Gentral Ind Power Ho ome T & rE Jt Wh 7s
dpls ndp ndp Indo North
s Water Co pfd 5s Ind Pub Jory rv pfd 8%s.
T Ertivideng,
Investment (By Thomas D. Sheerin & Co.)
S5ett SEessaLNIBnIALERES
Aa Lagos 338588
g838s5ae
on HRI RNOLD
Unlisted Stocks
.- (By Blyth & Col) NEW YORK STOCKS
Bid. Bankers Trust ...ccee.oeeess. . Central HANOVEL «.....sc.o0- aaah 3 a =
eset ansse 47%
C onal City Firat I National Boston’ vesnnsas 50 National Shawm
Aetna Fire Insurance .. - 50 American Ins of Newark a
North ver a Phoenix Ses snen aan ane . 86 U 8 Fire
Yesseessetst en 56
Westchester Fire ..ccceevvesss 36
/ Money and nd Exchange
» See
Boling em: ves i
a ven y Julius....
(By Indianapolis Band and Share Corp.)
|
» | first cutting, $14.500 % | ting, $16@17.
Debits Sess ssnane essesvesssae » x —- !
BE k
ie
~ STOCK MARKET WEEK IN REVIEW
BY BY ELMER C. WALZER Press Financial Editor
NEW W YORK, Aug. 24—Stocks
103% | last week experienced their widest | io
decline since late April when the break then in progress was culmin-
‘ating. 1 War fears caused sufficient nerv-
42 | ousness to set-off selling in a market
that had been considered ready for a downward reaction for some time. The heaviest -unloading came ¥Fri-
: day when the industrial average
tit oR in the “Week as operations in the industry went to
a record high, were depressed sharply. Automobile shares fared
worse. Rails were heavy losers and utilities had their most severe losses in several dnonths, such as Case,
High priced shares International, Business Machines,
than 10 points. Trading as shorts placed new lines and only HMeager support developed on the
Copper metal worked against the Market, The foreign price had risen to equal the domestie at 9.75 cents
1a pound a week: earlier. Instead of
advancing the domestic quotation, producers decided to step up production. That brought the foreign price down to around 9.60 cents and |. had an upsetting effect on copper shares. A long list of companies raised their dividend rates or declared extras. Wall Street anticipated more of these later as companies distribute profits to avoid high taxes
statements generally were above a year ago, the fertilizer industry being an exception. Steel shares showed only relatively small losses on the week because ofa rise earlier. The same was true of the mercantile issues. Farm
Rubbers were firm for a time but they finally succumbed to _the gen-
‘'eral ‘weakness.
LOCAL BANKER SEES FAVORABLE OUTLOOK
The American National Bank today was observing its third anniver-
customers reviewing the institution’s
growth. “Since the summer of 1933,” James 8. Rogan, president, said, “deposits in banks have grown substantially throughout the country. Part of this growth was due to government spendings which found their way into the banks. We have shared not only in that general growth of de-
increase has been occasioned by improved conditions in agriculture, industry and ‘commerce that have
11.80 | taken place in Indiana and reflectegd
particularly in Indianapolis. “While the effects from the prevailing drought in some sections can not yet be ascertained, conditions in general appear favorable at this time and the natural industrial and
~ | distributing advantages of the city . | are strong points in favor. of our fu- | ture development.”
LOCAL CASH MARKET City grain elevators are $1.03 for No. 1 red wheat. grades on their merits. Cash corn, new No. 3 yellow, $1.07; oats, 36c. Hay—No. 1 timothy, $14.50@15; No.1 clover [email protected]; No. 1 alfalfa, 15; second cut-
.. Building Permits
D. Wa Kennedy, $100.
Eure 9000, Sanders, 141 8. Tiinols-st, botl-
pended
for retaining surpluses. Earnings | Dec
equipment issues were driven down. |
Officers sent, a message to
posits, but a material part of the |
4630 E. 34th-st, elec- < Schrader, 756 Fletcher-av, altera-| fii |
538 IN
SENTTO STATE
only $75,753,113 of ‘ERA
* Money Used to July 31, Manion Reports.
to- | failures are now at the lowest point
Expenditures on J amounted to $75,753, 113, Mr. Manion
- Allocations to Indiana, approved by President Roosevelt totaled $94,123,755, Mr. Manion said various agencies had unobligated aggregating $1,278217 and unexbalances totaling $18,370,641. 1936 Allocations Smaller The state director said allocations totalling $10,617,366 had been made lo Indiana out of the 1936 Emergency A act. “Out of this amount,” Mr, Manion added, : “the ous agencies incurred obliga of $6,781,668 and issued checks in the sum of $3,492,Ya, leaving an unexpended balance of $7,124,414 and an unobligated balance of $3,835,698. Lists 1935 Totals Obligations and actual expenditures, on the basis of checks issued » | by all agencies receiving allocations from the 1935 ERA act on July 31, were as follows: 4 ObilgaAgriculture ..........$ 347 398 Roads Rivers and Harbors. , a 100 Conservation Work.. 11,
300,000 Administra. (FERA). 13,050,718 13,050,718 Suble Works RT ees tO 2,777.0!
nt .. Works Progress En "081 42,501, 1,369,943 802, 9
All Oth Total sesssessaisss .$92 845,538 538 $75,753,113
ers Pssst INSURANCE DIVIDEND VOTED Times Special BOSTON, Aug. 24—The American Mutual Liability Insurance Co. has declared a dividend of 20 per cent, payable on all policies expiring during the period Oct. 1 to Oct. 31, 1936.
Expenditures $ 330,932 2,865, 387 6, 9
Chicago Grain Futures “ (By James E. Bennett & Co.) : 9:45 Prev, High.
A.M. Close. gobi. esnssses 13 av }3% IC. sevens ins 1
roa csvsssee 107s Corn— Sept. seaveses 111% 1
97%, 03"
Low. 1.113% 1.117,
1.09% 1.10%
1.11% 1. 1244 Ce essssene / 1 967% May sssasoces 92% Oats Sept. cocscsses 43% DEC. cssovcevs A4% May sccoosese 45% Rye—
Dec.
93 Ya
A3% 4500
44s 44%, 45%
cesoscses 82%
83%
in 16 years, while June liabilities were the smallest for any June. in the past 30 years. Compared with a year ago 15 per cent fewer business concerns met with disaster, while in the first half of this year failures dropped 20 per cent from the same 1935 months. As a natural result, collections are improving.
PLANTS ATTAIN JOB STABILITY
Motor Association Reports July Employment Near 9-Month Average.
TI. nes Special DETROIT, Aug. 24—The instability of employment in the automotive industry during the summer months, due to the seasonal fluctuation in demand for new cars,
o0 | was avoided to a great‘extent this 10,544413°
summer, the Automobile Manufacturers Association said foday in a report on employment conditions. A level trend of factory jobs was maintained in the face of wide changes in sales’ volume and employes have not felt the shock of seasonal variation in demand as
much as in previous years, the re-
port said. Average employment for the 1936 season to date was reported above the 1929 level.
Built Up Field Stocks
During July, 345,000 persons were at work, only slightly less than the average employment figure of 363,000 for the nine months since November, 1935, when new 1936 models were “introduced. The July figure
12% | was within 8 per cent of the peak
employment rate for the preceding nine-month period. Although em-
97% | ployment continued steady during retail sales varied|:
slack periods, over 100 per cent, the report said. The early introduction of 1936 models, making it possible to build up field stocks before the spring
UNA
Fall Business
Survey Reveals.
whole farm population. A re released estimate placed the crop ‘at 70 per.cent of the 18 by advancing prices. Gets Little of Aid Fund “The allotment of a relat
state’s agricultural plight is not sidered serious.” The threat to fall business ¢ North and South Dakota, Net and the Texas Panhandle. “With many crops in the
the report said, “it became inc:
in anticipation of rising prices. future sales.”
in 10 Western States,
such that the danger of greatly
small share of the total drought fund to Indiana indicated that
the report showed, pelncipally the states of Montana, Wyom
Kansas, Iowa, Missouri, Oklahe
already harvested most others at an advanced sti
ingly evident that total farm come from the usual sources are be considerably below normal. * “Business in the drought area sustained by notable activity in sales of packaged and canned fo
this activity was at the expense,
average, which will be offset in par
sponsible for the level trend m: tained, according to manufact Advance building of parts and assemblies during dull months helped to improve conditions.
spurt in demand, was largely rn
1]
|]
Securities
Insurance
SCHLOSS BROS. INV. ©
Real Estate
x "DEPOSITS
AUGUST TWENTY-FOUR, NINETEEN
THIRD ANNIVERSARY
Today marks the third anniversary of American
National Bank at Indianapolis. For its progress and growth, its directors, officers and staff express their whole-hearted appreciation to its depositors and friends whose sappoithas contributed so largely in the up-building of this institution. At the beginning of the fourth year ve pledge 3 continuance of those progressive yet conservative policies : that have established this bank ss an integral and useful part of the financial life of the territory it serves.
ak nso
24, 194. .......
19400000.