Indianapolis Times, Indianapolis, Marion County, 27 August 1936 — Page 21

=] '|© in Spain. d Y JOHN T.FLYNN

ren 1S Urges U. S. to Stay Aloof From War ’

EW YORK, Aug. 27. — Our government has declined a bid to mediate between the warring factions in Spain. Americans will certainly approve that. After all, what can we do about the disaster which seems to hang over Europe? The war in Spain i5- a war not between section, but between ideas. Because of this, ; gr every * in Europe finds

itself taking

sides under the

mask of neu--|

trality. Fascist Italy and Germany seck an excuse to fling themselves ihto Spain on the side of the Fascist rebels. Popular front France and) c.o mmun ist Russia ~ would like to aid the leftist governMr. Flynn ment. - If the rebels win France will be encircled by Fascist powers. A Fascist uprising in France would ‘soon crush its red enemies with the aid of Fascist Spain, Italy and’ ~ Germany. England, ruled by the . conservative party, seems to have decided to abandon Spain to the rebels. ”n HESE countries may yet find themselves sending armies into Spain. But-f the right wing revolt wins’ sooner or later there avill be another revolt—right or left in some other European country.

n LI

- And sooner or later it will be a re-

bellion in some European . state which will set off the explosion. = How, can America prevent all this? We can not take sides. First of all our own population is neither ‘Fascist nor, Socialist and this is a war to the death between fascist and socialist. rs We can not help matters by sending: arms to aid these distraught peoples to slaughter each other. : We can not aid either them or ourselves by permitting our traders to hunt for profits in their disas- . ters, to put themselves or “their property in the zones of war where “incidents may be precipitated

° - that will threaten our own, peace.

~ conservatives with Fascists.

a CIES E can not aid them by lending them money. Our loans : in the last war have made us hated through Europe. Our wisest course i$ to watdh our own conduct. What can we do? First as the European conflicts grow our people will take ‘sides: mildly at first, ‘more violently Jater. Liberal groups will tend to sympathize with ° Communists; Soon great numbers of our voters will drift after their sympathies into

_ the two camps. Here is the first danger—the entry of - this struggle

into our society. ‘We can not ask Americans, as Wilson did, to be “neutral in spirit.’ Americans will think and talk. The second danger will come amall acquisitive groups

try ‘to

make money out of the war. Thén

* moral

many Americans will find their sympathies- reinforced by their financial interests. Then will come trouble, Two perils confront us here, :

n » ” IRST, Americans seeking profit, - ‘That we may oppose by en--forcing rigid trade, financial, social neutrality. : Second, propagandising the “red “menace” to frighten property-hold-iAg groups. These: fears will be played on by Fascist demagogues, red-baiters, professional patriots. The fear of the man of property for his- belongings is a | terrible force. It can lead to appalling extremes of suppression anil violenee. What can Wwe do about \this more than to be everlastingly on our . guard. ®. Third, small groups of Commun-

ist agitators will‘ stage demonstra-

tions. Let us leave them alone. Suppression of demonstrations is what they like, above all else. {ft is their most powerful weapon. Let us, resolve, therefore, to "exclude the hair-brained red-baiter from ‘our counsels. What else can we do? 'Fhere is little else. (Copyright. 1936, NEA Service, Inc.)

“7 7 LOCAL CASHM ARKET

City grain elevators are paying $104 for No. 1 red wheat. Other grades on their merits. - Cash corn, new No, 3 yellow, $1 06: oats, 36c. Hay—No. 1 timothy, $1450@15; No.1 clover [email protected]; No. 1 alfalfa, first cutting: $14.50@ 15; second cut-

.ting, $16@17.

f erate.

ern Tel,

- Fruits and Vegetables (Qubtations ° below subject -are ayerage wholesale prices being offered to buyers by local commission dealers.) FRUITS —Péars—Bartletts, box, $3. Ba- : ‘nanas— Selected, 1b, 43. Apples—No. 1 + Maiden Blush, $1.75; No. 1 N. Y. Duchess, 12 ing 50: No. ‘°1 Virginia ines: 1; in./ 81.75. Lemons—Sunkist, 360s, . mes—+Mexican, carton, 13s, 22li¢; Persian seedless, per 100, $2.50. Peaches— __Elbertas. 2!'z in. bu. $3. Plums—Red, 4 basket crate; $2 Grapes—Seedless, 28-1b. $1 5. MELONS—Cantaloupes—Home- -grown, H. Bs No, 1s -bu., $1.25; home-grown, H. Tip Tops. (S150. Watermelon Missoni, 30-1b.

NEGETABLES—Beanis—Round stringless, ‘bu. $2. Bests Hollle-grows, doz., 30c Carrots—Ohio, doz., 45¢. Caulifiower—13s, crate, $1.50. Celery—Michigan washed and _trimmed, doz., 60¢. Cucimbers—Indiana bu., $1.50. Corn—Home-grown, doz., 25c. Kale—Home-grown. bu. 65c. Lettuce—Icejeere) California, 5s, "$4.50; leaf, home- | own, 15-1b.- basket, $1. Peppers—Man- | s, home-grown bu. $i. 75. peck basket, doz, 25c.. Mint—Doz. 50c. Onions— - Northern yellow, 50-15. bag, $1135. Pars ley—Home- grown, doz, 40c. Peas—Westhamper, $1.90. Potatoes—Eastern . _Cobhlers, 100-1b. ‘bag. $2.75. Sweet poiatoes— New Algbams Triumphs, bu., si 65. Radisnes On white, J-doz. baskets 7sc. e—Dos., 4bc. | Turnips—New bulk, bu. oa Gk Tomatoes—Home- -grown, 10-1b. basket, wi ; > - , Mongy and Exchange INDIANAPOLIS STATEMENT Slearings “sn + 4--82.417,000 Debits -......... . 5.828 8,000 TREASURY STATEMENT - x {By Daiteq Press)

WASHINGTON, Aug. 27. — Government expenses and ects ts for the current fiscal year ta Aug. 25, as compared with

5% ear ago: a y "” This Year Last Year

894,784.095.18 $1,192,511,212.01 595.232.950.438 538, 71 15,181.03

country.

‘| their importance, were Iowa, | York, Kansass Minnesota, Nebraska, |

when «|!

- Beit Rail 8 Y com

to change, |

‘Abreast of The Times ; on’

Fmance

PAGE 20

INDIANA RANKS

HIGH IN MEAT PACKING FIELD

Plant Value of Prodiction Fifth Highest of All State Industries.

Indiana ranked twelfth ainong the states in the plant value of products | turried out by the meat packing in- | {dustry in 1933, Department of Commerce figures revealed today. And | meat packing was shown to be the | fifth most ‘important of all Hoosier | industries, i Indiana had 47 of a total of 1078’ rpacking establishments in the nai tfon.: Plant value of 1933 production | was given as $44,135,658 for Indiana. { This\was 3 per cent of the total value {of all United States meat factories {for \the year which amounted to { $1, 490, 085,488. ; Illinois Leads Industry With Chicago notéd as the, world’s i leading livestock center, "Illinois { produced 20.8 per cent of the United States meat packing total in 1933, fthe report, said. The 76 plants in Illinois . produced items amounting {to $310,160,083, and the state con-

1 { 4

THURSDAY, APGUST 27, 1936 HOW DO WE LOOK: TO THE NEIGHBORS?

| sequently ranked first in the indus‘try by a wide margin. { Other states which topped Indiana in meat “packing, in the order of New

THREE INDIANAPOLIS | |

| MEN WIN DIPLOMAS |

+ {

| Three Indianapolis life insurance | | representatives have been awarded | | the chartered life underwriter di- | | ploma: by the American College of Life Underwriters, Carl McCann, local chapter president, announced today. The three men who completed ‘the three-day ‘examinations {last June are John L. H. Fuller, i Equitable Life Assurance’ Society | district manager; ° Frederick =D. Leets Jr. and Guy E. Morrison, both special agents of the Northwestern Mutual Life Insurance Co. The examination of candidates ‘was conductéd in the Indiana University extension under the supervision of Fred W. Chew, professor in the school of busi@ess.

aA Local Securiti oca ecul 1t1es, (By Indianapolis Bond and Share Corp.) The following quotations do not represent actual’ bids or offerings, but merely indicate the approximate market level based on buying and selling inquiries ‘or recent. transactions BONDS

Citz Ind re (T H) 4132s '81. {H Tel Tel }

Indpl3 Railway Inc 55 '67.. Interstate Tel & Tel 5%s "53. Kokomo Water Works 5s '58... Morris 5°& 10 Stores 5s '50.... Muncie Water Works 5s "65. ... Noblesville H L & P 6's '47.. Ohio Tel Serve 6s.-'47 Richmiond W W 5s '57 i Seymour Water co, ns "49. ‘T H Trac & L 5s . T H Water Works a" 38 . TT H, Water Works 5s 49. Trac Terminal Co 5s *57 .. Inags Water Co 32s '66 .

STOCKS AB C Brewing Co com.

6s . Central Ind Power oy Ts Home T& T FPt W 1 Hook Drugs Inc com Ind & Mich Elec Co pid’ Ts. Ind Gen Serv Co Ind Hydro Electric 8 3... Indpls Gas Co com 6s 24 Indpls Pow & Lt Co pid 6s.... & Indpls Pow & L& Co pid 8s Jndnis ud ater Co pfd 5s ..102 ort nd Pub Serv pfd 5l%s.. Pub Serv of .Ind 6s D 2 86 1114

.102

. 8 29

Belt Rail 8 Y pfd

North Ind Pub Serv Co fd 7s. Prog Laundry Co co v Pub Serv of Ind pg Ts Pub Serv of Ind pfd

99%

Ch oh Stocks

(By Atkins, Hamill & Gates) Prev, Advance Aluminum mage, Associated Investors . re | Berchon Blessing .. erghoff { Butler Hrothers . Chicago Yellow Cab . ities Service .... ..

a kf ok . a

Electric Household Sonera) Fousehold Ken-R T&L Li col TL Lion Oil Refining Noblitt-Sparks Zenith |§ Sundstrand . Schwit zer Cummins

whe AL Passo

BIR Can WRIWMLL aaa

0 C10 C0 be pt ph i £8

New York Curb (By Atkins,” Hamill & Gates) Aluminum Co of America . | Am Cyanamid “B" Am Gas & Electric Am General. .... .... Am Superpower Ark Natural Gas * Atlas Corp Carrier Corp : Ureole Petroleum Corp Elec Bond & Share . | Glen Alden (1) reenfiela Tap & Die Corp... | Guit Oil Corp or Penn P | Humble Oil & Refining Co ... { Imperial . Oil of Canada Moiybdenum Corp of Amer... | Nati Belias Hess Inc ... { Niagara Huason Pwr .. | Pan-American. Airw ays { Pennroad Corp |S Regis Paper Co Sait Creek Froducers Assn Segal Lock | Sonotone Sterchi Brothers Stores Stutz Motor Car-of Amer Technicolor” Inc... 2 Saray

Investment Trusts (By Thomas D. Sheerin & Company)

Bd ked Administered Fund, 2d... 13.81 Affiliated Fund, Inc . *American Business Shares. . . 12 Broad Street Invesung 32 3 83 Re em nia

Genera! Investors Trust, Incorporated Javestors Investors Fund Ame Market St. Investment. ‘Corp. 31 Maryland Pund Massachusetts Investors Mutual Investment Trust.. Nation-Wide Voting “us North American Tr. Shs. 1058 North American Tr. Shs. 1956

a » TD bt nO bot

CRBs Ba : BRDBR Ae:

s.| Am Brake Shoe. 57°

LOOK HOW

BUSINESS HAS IMPROVED IN

ENGLAND,

- FRINSTANCE

LL THEY'RE POING IN THE UNITED stares ?

New York Stock Exchange Prices

Noon. High. ‘Low. N. Y. Oils— b Amerada .. Atl Rf Barnsdall .. Consol Oil . Cont of Del Houston ulew) . Mid Cont Pet.

Ohi Oi Phillips Pet .... Plymouth Oil ...

A ol > Vac

9414

Cruc Steel Ludlum Steel Natl Steel Otis Steel ,..

eel U 3 Steel pid... Youngstn 8 & T wat Motors— Auburn Chrysler .........11 Gen Motors ce

eo Studebaker Yellow Truek.:

Motor Access—

Bendix ‘Bohn Alum Borg Warner..

Mig Elec auto Lite. . Greyhound (B).. a

i 6 Timken Det Axle Mining Alaska Jun.....

Kennecott Cop.. McIntyre Mine... Park Utah ..... Phelps Dodge “dq U Smelters . Vanadium ; Amusements— Fox Theat Loews Inc Radio Corp , Paramount 8s RKO .. 3 634 Warner Bros ... 13% Tobaccos— : Am Tobacco Ligg-Myers Lorillard PRilip Morris .. Reynolds Tob ‘B 5

Rails

B’ Aoavz 101% ‘B’. 106 23%

88 55%

la Can Pacific . 0 eh = Ohio . 668 M&StP ‘ptd 3% en) NW 27 a Dela & hud’ Sais

rig Erie pfd 239, ‘a Gt Northern ‘ptd os Ill. Cen 2

20% Union Pac 1384; Equipments— 57 4134

Am Car & Ny . 42 394

Am Steel Fdy... a Bald Loco ..... Gen Am TX Car. 88. Gen Elec Gen R R Sig voi a Pullman Ing .... 58 West Air Br 4234 Westingh Elec. 134% Utilities— Am & For Pwr 8% Am POW & Lit 1213 AT&T 3 ila Am Wat LAE Col Gas & lee. . 20% Comm & Sou ... 3%.

Western Union. . Rubbers— Firestone Goodrich Goat i US Rubber pid. Miscellaneous— | Allis Chalmers.. Am Mach & Pdy rkiy Man Tr.. Jurroughs: Add. . TI Case ..

94%2 , 95

Prev. close.

27, 16%; 127 30Ys 8%

os on >

Cal Packin Can Dry Cont Bak Corn Prod Crm of Wheat . Gen Raking .... Gen Foods

se ” ove PSE SESS SR ad

Prav. . close. 413,

Noon. High. low, N. X. Ward Bak “P’'.. 4% 4's Retail Stores—

Allied Stores .... Assd ‘Dr Best & 5415 Gimbel Bros . 18% Kroger Groe wea - 5

1293 545

- 3%

12% 18 18

541% 16%

21 43Y2 86

Woolworth Aviation— Aviation Corp ..

In Y. Boni

Boeing Aircraft. Curtiss Wright. . Burtise we (A).

“esse

Sperry Cor J Utd Aircra t new’

(Reprinted From Late Times Yesterday)

DAILY BOND INDEX (1926 Average Equals 100%

0 000 0 DO WD jy OD dt pt pt iy, Damtinmo, wu

U. 8S. GOVERNMENT BONDS

(By Abbott, Proctor & Paine) Treasurys

3s, 1942-47 . 334s, 1049 ...

Arm & & Be)” 4s 55" Atl Coast Line 4s '52 4u Coast Line ht "64

Can Pac rere 45 ...

Cent Pas §

'60

& orado & So 4l4s '80

Chi & Nor West 434s 49 ..

Chi & West Ind 4s '52 / 111%

Container Corp 6s '48 ...... .. 1033 Con Gas 4% 51 ys 10812 Chesa Corp 5s 47 ...) Del & Huds 4s ‘43

Grt Northern “G’ Grt Northern “H” Grt Northern 4's Gen Stl Cast WW

28 '4 ud & Manhat Ref 5s ’57 linois Central 434s ’66 .

linois Central Jt 412s '63..

linois Central 5s ’63.4¢

Internt! Hy

89 nterboro Rapid Trans Yi 86. 84% lec 6s ’44

Interntl Tel & Tel es 2: Juternt] rs} = 7 5s ntern e el 41; > %sa. Lehigh Valley 45 2003 McKess & Rob

Nickel Plate ross, mg. Nickel Plate 5's '74.. Y t 5s 3

Nor States “Pos 5s '41.; Penn Ry 4 Penn Ry bi hy “84

Para Publix 6

Penn P | Postal Tel & Ran

P&L is “a

Rem

Debi hd hd

4s "81;

84.7 103.5 93.3 Standard Statistics)

a2nuR228I0E SNE

Chemicals— ir Reduction

Ns Bh A ath Alkali yatl Dis (new) chenley Dist.

ide Indus Alco Drugs—

N g 1 1

Qoty In Sterling Prod . n Drug Ma is Vick C eres 23% I Adams Exp A oT ing Corp: Lehman Corp [ransameriga Building— Am Radistor ver 35 Gen Asphalt ... 23 Holland Furance 36 Int Cement .. By Syens ‘Gls 8074 Otis E! 27Ya 1U 8 Be in cee 98% Household— Congoleum Kelvinator ..... 20% Proc & Gamble. 45% Servel Inc © 25% . 367

2% 37s .106 Vs . 12%

8 37% 1064 12Y3

Simmons Bed Textiles—

Belding Hem ... J Celanese Corp . Collins Aikman.. Gotham Hose, i Indus Rayon {... 31%

(By Lyons & Co.)

Allied Stores 4%s ’'51 iby Arkansas Gas 4s ’'51 Associgied Jejirhone 4s 8. B & O 4 '39 Cal Oren Power 4s "68 ...... 98% Central Maine 4s '60 a eA Central Ill 32s 66 ..: 1077 Cincy Gas & Elee 3Yas ’66 . C & O ‘FE 3a 98

Chicago W 8,62 Chicago Un a 3%as '51. Cleveland Tractor 5s '45 w.... Columbus Railway 4s 153 Pe ‘Com Invest Tr 3'2s ’S Conn River Pr rr i 2 igs 3...

Edison Illum Boston 3: Gen Motors Ac Corp 3a 46 . Gen Motors Ac Corp 3%s 81. Indianapolis Water 312s '66. . 101 Towa South Uitlies 5s '50...105 PLA4 ’85 1

McCror: fetro

Stores 55 73%. iol 4 10:

Okla Natural Gas ‘as 3 eine Okla Natural Gas 5s ’'48 . Pacific Lighting 42s ’'45 Peoples Gas Lite & Coke 4s 819 Penn Railroad 3%s '70 Penn Tel 4 Potomac El “Power 3Vas "66 . ub Serv N H 3%s ’60 Railway Lite 4! as, By

Pema ian

casei

4s Southern Kian 4! 148 '46....... So West G E Wisconsin a % Elec 3's '68 Wisconsin Pwr & Lite 4s “ss -e Wisconsin Pub Serv 4s '61. 7108

Unlisted Stocks

(By Blythe & Co.) NEW YORK STOCES

ng snes ind Manutactiurers .is ‘National City ........ ahh eenidn First National Boston ......... 50 National Shawmut RY

sessigrssanns

Aetna Pire Insurance Smerican Ins o im

Bits of i Poderal Fire Ya ' Pranklin American Insurance.. 31% Great American Insurance. ... Hanover . :

cheer as ssn

i) Fire : estchester Fire .... ADDITION IS PLANNED

crewman ew

Bssi=p

‘tars

ion

Prev. Close.

121, 187% 547s 17s

24%

72 26% 3

35s 39 341, 287s 44%, 38% 93% 35%;

51% 22 15 44 13s Ya 106% 12

55 662 99

33 20a 45% 24% 36

13Ya 2534 502 9

31%

New Bond Issues

981, 102Y, 107% 102% 1022

‘101%

paaand SESE

SEES w

| beef cows were dis

‘140 Ibs

ERRATIC TREND STRIKES LOCAL PORK MARKET

Weights Above 180 Pounds Advance; Others Are Steady or Lower.

An erratic trend hit the In- |

dianapolis hog market today following the break in the extended heat wave. While some classes showed improved prices after several days of losses, other divisions again declined. Porkers scaling from 180 to 300 pounds were 10 cents higher and héavier kinds were 5 to 10 cents higher. Weights from. 160 to 130 pounds dropped 5 cents from yesterday's level. Undérweights were mostly steady to 25 cents lower packing sows were steady.

Top Prices to $11.45

Porkers scaling between 190 and 270 brought $11.15 to $11.45; the 270 to 290-pound group sold at $10.95 to $11.25; weights from 290 to 300 moved at $10.60 to $11.05; those weighing 300 to 325 were salable for $10.35 to $10.95; kinds between 325 and 350 pounds moved for $10.10 to $10.65, and heavier hogs : brought $9.85 to $10.40. Weights from 100 to 190 sold for $11 to $11.25; those in the 160 to "180-pound class were disposed of for $10 to $11.15; pigs averaging 155 to 160 pounds ranged between $9.75 and $11; the 130 to 155-pounders sold at $9 to $10.25, and 100 to 130 pound types brought $8.50 tp $9.50. Packing | sows were salable at $8.25 to $9.50 with a top af $9.75.

Receipts Fall Off

Shipments of swine totale 3500 with 825 holdovers, Th 600 cattle, 500 calves and 10 on hand. The cattle market was g nerally steady. |A few loads of better grade steers sold at $8.25 to $8.75. Top heifers brought $8. Top to medium sed of for $4 to $4.50 while cuttér grades. moved at $3 to $3.75. Veale were 50-cents higher, the bulk of better animals bringing $8 to $8.50. a Lambs were 25 cents higher, most sales of better ewe and wether lambs being for $8.25 to $9.25. Top was $9.50. Slaughter sheep were steady.

about e were sheep

9 23%,

waa NOS

= A

Receipts 5

fk ed ed ed hd Et pi pet 03 2D LI BIBI won on DD rh pk fh Jud fk pk eh fu: fod fw fo Sd LOD IN Shsaass H Q : Q wn tt ed pt td

11. 15@1l. 45 Tans Lights— (140-160) ood and

Lightweights— (160-180) Good and

edium .-.. (180-200) Soot and

um Medium Weights— (200-220) Good and (220-225) Good and Hesyyweignts—~ (250-290) Good and (290-350) Good and

11.00 | 10.40

choice... 32. [email protected] 210. 90

choice. 3 9.25 8.75

choice. . choice. .

HP® OD Hr ~IUY SONY =~ Wn ©o nPo® Nd Od OW Bp SUM OOo! Ur von

ad ae

—Receipts, 600. (550-900) Choice Good C (900-1100) Good

j C (1100-1300) Goo

Pe NINA IN; BIW ADIN ©1003-3001 ~1~I DBI Tn m2 S NN NN HN GN DDD < 0393093033993 PDOIBORIPORIND SIU ON BD YT wagon SSRIS HNnS RSS

M: (1300) Good (550-750) Common, medium.

Good and choice . Common, medium.

(750-900)

83333 0390 8993

Fond Low cutfer ana cutter Bulls, good Cutter, com. and med. bulk... Vealers

Receipts, 700 food and choice. . P ed

-4 1.50@ 8.5 é 1 Cull and common 4. Calves (250-500) Sood and choice. .$ 6.25@ and medium. 4.00 Yess and Stecker Cattle ’ (500-800) om, ang thoice..$ 5.75@ m. and 0 304 (800-1050) Good and choice . i 5@ Com. and medium. 4.25@

‘SHEEP AND LAMBS —Receipts, 1000-—

sass rsacenr insane

Wes— (80-170) Good and choice. . Com. and medium. yep and yoke quotations

(By Times Special)

: tb m dium grassy steers and heifers, $4. 2526 2 25 some plainer kinds down to $3.50 and less; better finished fed offerings qunstable, el saoser most grassy beef cows e,

@4.25; ‘practical top. $4.50; good Ss I 4 sausage * bulls considered salable tier low Suteers ane

y 3 85 down: bulk [email protected]. Ca Bot he eipu

Fo. to choice ve nae $1

500; hog market 10c "180-250 1b. 00 cashed d puk of, Jil 00 lbs., . $10.05; 145-175 1bs., Pag tgs sows, $8.20; all unfinished HD Vere, subject to a dis-

Sheep—Recei Dts, 1000: su opie light! demand apparently dependab uality onl fair; market opening m: mostly Ss Heads: bul better ewe and 5@9; better lightweights Fey Juba 3 30@8:" common to medium fades, [email protected]; fat Sau ter ewes. $2.50 down eipts Wednesday—Cattle, 424; calves, Nz, hogs, $405: Su 1058. Shipments pesday—Catile, ; calves, 210; hogs, weds non, 3 jae. . LAFAYETTH. . ket dy. to. 25¢ FR

Sead

Aug. 27.—Hog «488 lights and i Spas ot ., 811.206

mar-

ihs., $10. 190 Ibs., 3 75: he 33. $3.25@9; roughs, $9, down.. Lambs,

FORT W WAYNE, Ind., Aug. 27. Fh Market 15@25¢ lower: 180-140 Ihe

fi 5

I calves, $850. Tanna, $8.50.

Chicago Grain Futures

(By James E. ett & Co.) whet E. Bean 9)

“OV,

stags,

$iTi% $1 or ri $i 110% ih Ton riod

1.08% 1.00%

tran

Sesn an

May ...... 100% Corn—

Busigraphs

FAVORABLE DIVIDEND CHANGES (WALL STREET JOURNAL)

NUMBER OF CHANGES

N M MJ J ASD J

-THE PARKER CORP GENERAL DISTRIBUTORS INCORPORATED INVESTORS

Favorable dividend changes are continuing to please stockholders.

‘These favorable changes come gen-

erally out of earnings and almost never out of surplus, and recent earnings reports certainly warrant the favorable payments.

JULY DIVIDEND. CHANGES Accumulated dividends ...... Resumed dividends Increased dividends ........ . Initial dividends Extras . Total favorable changes ......esees 125 Reduced dividends 2 Omitted dividends .

Total unfavorable changes .........

OFFICE EQUIPMENT SALES SHOW GAIN

Shipments Continue Heavy Despite Slack Season.

Times Special NEW YORK, Aug. 27—Orders and shipments of office appliances, contrary to earlier predictions, have maintained a level as high as; and in some instances better than, that f late spring, the Standard Sta- | istics Co. reported today. Vacation . schedules slackened production: in some divisions, but shipments remained heavy, the report said. Backlogs of unfilled orders were reported to be the heaviest on record for many concerns and considerably higher than during the corresponding period in 1935 for all cothpanies, the report said. Similar to recent months, the largest relative sales gains were in accounting, calculating and similar equipment. Typewriters, exceeding! pre-summer expectations, eontinued to increase. - Indications were that the trade is to enjoy its best fall since 1929, the report said.

WORKERS ON STRIKE REJECT COMPROMISE

By United Press

ELIZABETH, N. J, Aug. 27. Striking workmen of ‘the PhelpsDodge Copper Products Co. rejected at a ass meeting today a company offer of a 10 per cent wage increase and hah and a half for overtime above a 48-hour week. They offered to compromise their original demand for a 25 per cent increase for a 15 per cent raise but

refused to recede from their over-

time demands of time and a half for’ more than eight hours work any day and over a 40-hour week.

Produce Markets

(The prices quotea are pald for stock gathered in the country, while delivered in Indianapolis the price is a cent higher.) Heavy breed hens. 5 lbs. and over 16c; under 5 lbs, 13c; Leghorn breed llc; colored springers, 1Y2 lbs, and Leghorn Fingers, 1% ibs. lic; old dh s, white, ity Ibs. 5c; geese, full feathered, all sizes, 4c; all guineas -1%2 lbs. and up, 15c; old cocks, 9c; No. 1 strictly fresh ‘eggs, loss off, 17c. Each full case must weigh 55 lbs. gross, a deduction of 10 cents a ound under 55 lbs. will be made. No ] Duties, 37@38c; No. 2, Bake. Butterat, Cc

(By United Press) Aug. 27.-— Eggs -— Market. steady; receipts, 7145 cases; fresh graded firsts, 22c; extra firsts, 23¢: dirties, 17c; eufrent receipts, 20%4c; checks, 16¢. Butter— TRO. steady; receipts, 8048 tubs; extra (92 score), {14c; extra firsts (90-9112 score), 33Va@33%c; firsts, 32@ 33/kc lac; specials, 343,@35%c; standards, Poitry—Market, steady; receipts, 45 trucks; ducks,-9@15%c; spring chickens, 15% @isc; hens, 12@]%: Virkeys, 13818 broilers, 15@16¢c; L4gnom hens, 12@14'% old roosters, 13%:@14%zc; fryers, 15@17¢. Cheese—Twins, 18% @19c jE sies, 19'2@ 19% ec; Longhorns, 19am19 ariel, steady fo" light; wand. light" market, steady to strong; New Jersey obblers, 32.50 @2.5 Pennsylvania Cobblers, $2. 50@2. U. 3 No. 2, $1.55; Kansas Cobblers, 3 2004. 65; Idaho Russet Burbanks, [email protected]: Washington Russet Burbanks, $2,602.85; California White Rose, $2.75. Arrivals 27, 83 on track, shipments 371.

Building Permits

CHICAGO,

a Coliege-av, Aurgace.

$110. Allen, 1802 E. 12th-st, furnace. $214. aan,

1245 Windsor-st. stoker,

$285. Martin Stuckwish. 428 N. Colorado-st, furnace $249. Edward Dennis, 1474 N. Drexel-av, stoker,

49 50 v r J3pudNi0AY. 545 W. McCarty-st, t 2 gr Dennis, 1474 N. Drexel-st, stoker,

$249, T. bo a upetiin, 5674 Broadway. garage. 8 Boeronar "Avenue Savings and -Loan Co,

1025 St. Peter-st. Ralage "Reticky av, ele

Home Stove oy vator repairs, $175 E W. ‘Geor ia’ and Pennsylelevator re: ails, $498.

3 Hauser, vania-sts, Union Trust So - Market-st, elevator repairs,. $15 Pennsylvania Hotel, 947 N. Pennsylvaniast, elevator repairs, $140. Van Camp Hardware Co. 401 Ww. Mary1and:st, elevator repairs,

$1500. yres & Co. Washington and Meridian-sts, steel work

yTancis Runyon, 715 Soe rast, addition Billy Grimes Tire Co., Michigan and Roanoke-sts, alterations $ Circle Construction Co., sont 8t. Josephst, arin 85 $4250; Sarge. 32 der, 's Peansylvania- st, ollweg Co., 141 8: Meridian-st, re ails, $18,000. al a nd Hulse, 1010 College- av, lunch Railroad Loan Co., 1656 N, Talbot-st, reGraner Shoe Store, 348 W. Washingtonst, electrical, 81 Fred Bates Johnson, 4115 N. Tlinois-st., electrical. $150.

B. s S30idman, 411 Blue Ridge-rd, electrical, $100.

NOTICE THE HOLDERS C oF

Pirst Lien A BR ATn Mer: Gold 1; 2 Bonds, Se Series of 1635, ‘du e 10 Decem-

ber 1, Notice is hereby given to all holders of the above mentioned Bonds. that Indianapolis Water Company has cal 1 3smption and payment 936, epos:

same for

Retail sales of 1 new pas 31 per cent higher than in ke 1935, yon 58 per cent greater than in July, 1934, preliminary figures of the Department of Commerce showed. A 16 per cent decline from June was shown.

FURTHER BAINS

EXPECTED FROM NEW INDUSTRIES

i K 4 : a i : Commerce Head Believes

Unemployment Can Be Solved.

BY MEADE €. MONROE United Press Staff Correspondent WASHINGTON, Aug. 27.—Amer=~ ican economic leaders are turning to the’ nation’s’ new- industries, capable “of tremendous expansion, for their visions of complete recov ery from depression. Just as every previous economis slump has found new enterprise ready to take the recovery lead, so does 1936 find vast, unexplored markets ‘waiting to be developed. It is a matter of history that as a nation emerges from depression

their augmented incomes. They are willing to pay more for personal

and office, more efficient machinery for their factories, Government economists point out that unless stimulafion comes from

basic industries reach a saturation point beyond which they are unable to hire more workers and increase production. :

Take Up Slack

Prnest G. Draper believes it to be impossible for established industries —such as steel, automotive, electrical, building construction, and agriculture—to take up the entire slack of unemployment. Draper is needed stimulation is at hand, the form of youthful such as air conditioning, low-cost housing, rayon, flivver airplanes, chemicals, plastics, radio and television, improved railroad and transportation equipment, and new uses for cotton, glass and steel. Unemployment Lessened “At the depth of depression, ” he said “we had more than 15,000,000 unemployed. Between 5,000,000 and 6,000,000 of these have been put back to work, mainly through re-

in industries

“I am convinced that the housing industry alone is capable of

000 persons to work. It can keep them at work for 10 years before our elementary housing needs - will be filled.

maining unemployed—and I am then our employment problem will be solved. When that problem is out of the way, recovery will be here. The remaining 2,000,000 or so unemployed are those who will never ‘go to work. There were that many out of jobs in 1929. Many of them are unemployables, soms

vate incomes and don’t need jobs.” Regain Losses Whether it be air conditioning,

airplanes, new railroad coaches, or housing, the new industry increases

'| demand for products manufactured

'{ by the old-line concerns. They need

cultural products, textiles, electrical equipment. “The new indistries buy mate« rials from the old,” Draper. said. “They, in turn, hire more workers to ' handle the increased production.

of the new industries. It a roundrobin process. It's the way recov eries are made.”

LOCAL MEN HONORED

David T. Nicoson and Benjamin F. Claypool, local residential ap-

dential Appraisers for senior mem-

day. Senior members represent the highest classification now obtainable

that five years of appraising experi= ence is a prerequisiie to this.ranke ing.

Times Special CHICAGO, Aug. ‘27. — Directors of Fairbanks, Morse & Co. have voted the first dividend on common stock since June 30, 1931. The quarterly dividend amount to 25 cen re on the common stock, and ‘an extra 25-cent dividend was declar "payable Sept. 21 to holders of Togs ord Sept. 10, the report said.

SETTER TL ir

Times Special

of newspaper advertising by the merchants of 66 major cities for the week ended Aug. 15, exceeded the 1935 comparative, Advertising Age said today. This marked the

FALL TERM OPENING | Aug. 31 to Sept. 8

‘Many whe - 3 ar or a litle mare age are hel pleasant. promising

positiv ef fective. Ti is ‘making 2 3 women 3uday.

of Indianapolis. The others are a ion Hoh mo. } g Columbus,

aie

its citizens demand new uses for ig

comfort, new conveniences in home:

new sources the nation's established,

Assistant Secretary of Commerce :

convinced that the:

sumption of normal operations by | the established industries. :

putting another 4,000,000 to 5,000,

“If the newer industries can abe | sorb 2,000,000 to 3,000,000 of the re-

firmly convinced that they can—

don’t want work, others have pri- -

steel, machine tools, lumber, agri-.

Re-employed workers have - more money to buy the products

The Foncrig Thiustiy. "+

praisers, have been notified of their approval by the Society of Resi-

berships in the organization. Georges W. West, president, announced toe

in the society, Mr. West said, adding -

DIVIDEND IS DECLA DECLARED,

, both: - CHICAGO, Aug. 27.—The volume

23th consecutive week of increases,

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4 North American Tr. Shs. $Orig. ) iarterty Income Shares... ected Amer. Shares, Inc.. ected Amer. Shares *0riz ) Selected Cumulative Shires. . -s Selected Income State Street dnvesiment

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Times Special DETROIT, Aug. 27—The Michigan Steel Tube Products Co. has let construction contracts for 24,000 square feet of additional manufacturing facilities at its Shelby ©) plant, officials revealed today.

May creees Oats— Be sense

02e385n i REESE

p amoun with said premium and thereon to Decem Income

ft pt a= 8

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BALTIMORE, Aug. 27 —Carloadon the B. & O. Railroad for week ended Aug. 22, totaled This Jas the best week since

Rand Foods—

Am Sugar asia Armour

suina 1

BS bates Phares

craw

[rustes st Eland. outed: Standard $ -Diy. eae

when the total was

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