Indianapolis Times, Indianapolis, Marion County, 5 September 1936 — Page 11
3
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Tren
Americans | in n Spain:
®
Abreast of The Times on F inance
i
SATURDAY, SEPTEMBER 5, 1936
PAGE 11
1, 1931.
Big Board List Rallies From Lows The 1198 stocks listed on the New York Stock Ezxchange have rallied nearyl $39,000,000,060 from the low of the depression made in 1932 and on Sept. 1 were valved at $54,532,083,004, the highest level since March
é
Should They Stay?
BY JOHN T. FLYNN
"EW YORK, Sept. 5—Take out your map, locate Spain, draw a circle around it including spain itself] and the water adjacent thereto. Now, if you want trou“Ble, there is a good place to find
2 ore are nations which seem to want trouble—not for trouble dtself, but because of some special interest they have in the grave crisis which unsettles Europe. At least two of these have put their fists inside this troubled zone — Italy . and Germany. Russia has looked with puzzled eyes in Mr. Flynn ‘that direction. All have axes to grind, objectives to seek, and one, at least, of these nations, could use a war, But what ofthe United States? BY all the laws of nations we have ‘right to use Spanish ports. We Be a right to send our warships there. Americans’ in ain are there under the protection of the Spanish government. But that is a zone of trouble—trouble about a point or two in which we have absolutely no interest and with which we have no association. The point American’s may well ask themselves is— is it wise to remain inside that zone?
” an
‘HE government has had five. American warships in Spanish waters, They have been there for the sole purpose of aiding Americans in Spain to leave. The Americans who are there went there first for some purposes of their own—either because they liked to live in Spain or because they had something to sell or because they thought they could make more money there than here. That is entirely proper and within their rights. But now Spain has become a dark and bloody ground. “Two great factions of the Spanish people are doing what we once did, what every people has done, are fighting it out in a bloody civil war over a great principle of human rights. Are we, seriously, going to expect that men, thus aroused and thus engaged, will put aside their solemn objectives in order to protect foreign business men who insist on remaining there?
=
UT if Spain can not protect these Americans, certainly the American government can not. What should they do and what ‘should we do? We could inform them that we are prepared to aid them in every way to leave Spain and return to America. It then would be up to them to make up their minds whether they wish to accept that invitation or fsemain in Spain at their peril and subject to such protection as they can get - there. They have had plenty of time to make up .their minds. There are still more than 100 Americans in Madrid who have
2
2 2
_ apparently decided they will stay.
This being so, how long should we keep ships at hand to rescue them? Indefinitely? Every day a ship remains.in Spanish waters it -is subject to attack from the air which may, for all we know, be the first step toward embroiling us in Europe.
(Copyright, 1936, NEA Service. Inc.)
"TOOL EXPORTS GAIN
Times Special WASHINGTON, Sept. 5.—Agricultural implements exported from the
EAVY HOLIDAY RAIN TRAVEL MAY SET MARK
Pullman Co. Reports Sharp | Rise in Net, Gross | Receipts.
Times Special CHICAGO, Sept. 5—Labor Day railroad passenger travel is expected to establish the best level in five | years, traffic managers reported today. Most important trains will operate in extra sections, with additional equipment scheduled to be put on other units. : Streamlined high-speed trains have been sold out for holiday travel for as long as six weeks, and extra sections of these trains are to be operated today, Sunday, Monday and Tuesday to accommodate extra reservations. © Trains to lake regions are. expected to operate with as many as three extra sections, and western travel, particularly to Denver, will necessitate operation of extra sec-
ver travel has been exceptionally heavy in recent weeks.
Travel Receipts Rise
Because of the sharp increase in railroad travel, the Pullman Co. in July had one of the best months in the last five years. Gross receipts were exceeded only once since the fall of 1931. The July earnings statement, just issued, showed a gross for the month of $5,019,015, compared to $4,209,978 in the corresponding month last year. In January of this year, when the travel movement was the heaviest since the pre-depression era, gross reached $5,035,330, but, with this exception, the July figure has not been equaled since September, 1931. Profit Is Shown
Net after taxes for July was $422 - 330, compared to a deficit of $21,602 a year ago. For the seven months ended with July, gross was $32,166,687, compared to $27,702,566 in the corresponding period of 1935. Net after taxes for the seven-month period was $1,590,376, while a year ago there was a deficit of $2,263,541. These figures cover only transportation operations of the Pullman Co., sleeping car company affiliate of
~ | Pullman, Inc., which includes manu-
facturing subsidiaries. = Manufacturing earnings were not included in the report, although it was understood: considerable improvement, compared to last year, was noted in this division.
UNITED" AIR PLACES LARGE FUEL ORDER |g
Times Special CHICAGO, Sept. 5—United Air Lines has ordered a three years’ supply of gasoline, involving a minimum of 27,000,000 gallon, from the Standard Oil Companies of California, Indiana, New Jersey and Ohio, W. A. Patterson, president, announced today. This order, equivalent to 337% tank cars of gasoline, is the largest fuel contract placed in the history of air transportation, Mr. Patterson said. The fuel is to be delivered at airports in 37 cities in 15 states between the Atlantic and Pacific seaboards and at Pacific Coast air terminals.
Money and Exchange
(Reprinted From Late Times Yesterday) IN DIANAPOLIS STATEMENT
United States during July were val- | Clears
ued at $3,926,140, against $3,842,556 for the 1935 comparative, the Department of Commerce reported today. This increase of 2 per cent represented the. smallest monthly gain in nearly two years, the department stated.
Fruits and Vegetables (Reprinted From Late Times Yesterday)
{Quotations below subject to change, are average wholesale prices being offered to buyers by local commission dealers.) FRUITS —Pears—Michigan Bartletts, box, Bananas—Selected, 1b.. 434c. Apples_No. 1 Maiden Blush, $1.75: No. Duchess 2'z in, $1.30; N. Y. Duchess (combination) $1.25 Lemons—Sunkist, 360s, $8.50. Limes—Mexican, carton, Blac: Pelstan Seadiess. per 2 Peaches—Elbertas n. bu, , Ital, ines, 16 1b. tug: , $1. Grapes—Seed-8-1b. crate, $1. - MELONS—Cant a Honey Rocks, bu. $1.25: home-grown, Tip ops, | 32 25. Watermelons—Missouri, 30-1b.
"VEGETABLES —Beans_Round Ftringless. $2. Beets—Home-grown, doz. 35¢. Sorrote--OB doz., 45c. Caulifiower—12s, crate, $1.50. Celery—Michigan Mammoth, washed and trimmed, doz.. 60c. Cucumbers ~“Indiana bu. $1.50. Corn—Home-grown, oz. 25¢. Kale—Home-grown, bu, 65c. Lettuce—Iceberg. Califorina, 5s, $4.50; leaf, home grown, 15-1b. basket, $1. - rs—Mangoes. home-gro es 50; De basket, 60c: doz. 25¢. Mint—Doz., Je! Onions—Northern yellow, : $1.10. .Parsley—Home-grown, doz. Peas—Western Tel. hamper, Potatoes—Eastern Cobblers, 100-1b. : $200. Sweet potatoes—Eastern Jerseys, bu.. $1.65. Radishes—Ohio white, 2-doz. ; Sage—Doz., 45¢c. Turnips— bu.. $1.50. Tomatoes—Homewn, 10-1b. basket. 40c.
$2.
-— Home-grown,
fay United Press) . — Apples—Duchess MEER o bu. Shc asi. 40. Sweet Potatoes— Louisiana Porto Ricans, $1.75@ 1.85. Carrots ~-Illinois, bunches, 26 2i2¢c. Cabbage—Wisconsin, 75-1b. crates, [email protected]. Spinach — Mich an, bu, [email protected]. Tomatoes—Michimax, basket, 33@65c. Cauliflower— rade, crates. [email protected]. Peas—Idaho, bu. hampers, $2.35612.40, Celery—Michigan, Square crates, 25€50c
Produce M arkets
(Reprinted From Late Times Yesterday) {The prices quoted are paid for stock gathered in the country, while delivered in Indianapolis {he 8 Price is a cent higher. ) Heavy breed § Ibs. ‘and. over. 13¢; Leghorn breed ored springer. 1% bs. yy OE
1 strictly fresh ry ire * Bach full case must weigh
———— TREASURY STATEMENT (By United Press) WASHINGTON. Sept. 4 —Government expenses and receipts for the current fiscal Fear to Sept. 2, as Sompared with a year This Yea Last Year. .$1,031, 363. 760. 81 $1, 595. 268. 195.95 5 603,319,807.31 683.968,388.64 1,506,785,923.36 +29.011,250,292.03 9,211,281.310.21 69,361,160.02
penses Receipts Deficit Cash bal. Pub. debt 33.371. 097. 998.73 Gold resv 10,717.344.696.63 Customs 68.285.868.97
FOREIGN. EXCHANGE (By Abbott, Proctor & Paine)
Country England France .. aly .... Belgium Germany Switzerland
Clea Stocks
(Reprinted From Late Times Yesterday) (By Atkins. Hamill & Gates
J. Dp. Adams Advance Aluminum Asbsetos Mig
Bergho x Butler Brother Cent Ill Pub Seivice pid. Cities Service
ane Economical Drug Electric Houschold General Mousehald
Rad T & L Libby Ne = Libby Lion Oil Refi Loudon Packing Cr Rad “AY NobIjtt Sparks Northwest Bancerporation ire
New York Curb
(Reprinted From Late Times Yesterday) (By Atkins, Hamill & Gates)
de eduction S 10 cents a { Am Superpo
a Hh Ee o. Bde,
made. No. Mose see. Butter-
(By United Press) CHICAGO, Sept. 4.—Eggs—Market, firm: ts, 4952 cases: fresh graded firsts ; extra rats 25%zc: dirties, 20%zc; tr o 2c: hecks, 19¢.
firsts, Bea
40 35%; an ie.
settled: receipts. a spring chick turkeys, 15 6c:
ha fryers in |
Saisie; a) 13@ | N
Bt $2 Ba
t. demand, Je:
ersey Bliss Tri oo $1.40G1.45°
Russet Bu Foo
New York Stocks
(Reprinted From Late Times Yesterday) By Thomson & McKinnon)
Prev.
High Low (Close Ciose
Pet Corp — Phillis Bet’ ans Plymouth oil Pure Oil
Texas Corp . Tidewater. Assn. Un Oil of Cal .. Steels Acme Stedl
162 21
Ludlum Steel ... Va McKeesport Tin. 91% Mid Steel 46, Natl *Steel Otis Steel 162 Rep Iron & Steel 223% Rep 1 & St Fa. 109 s Spe | & Fdy 3%
t U S Steel pfd.. Warren Bros - Waren P & Pd Youfigst'n 8 &
Motors—
i 25
Chrysler ;....... Gen Motors Graham Mot ..
tions on most through trains. Den-. Hy
Studebake 1 Yellow Truck ...
Motor Access—
Bendix .. 2 Bohn Alum .... Borg Warner ves
Elec Auto! Lite. Elec Stor {Bat... Greyhound Houdaille Murray Body ... Stew Warher ... Timken Roll ... Timken Det Axle Mining Alaska Jun Am Metals Am Smelt Araconda Cal & Hedla ... Cerre de Pasco.
Kennecott Cop a Mcintyre Mine. . Park Utah! Phelps Dodge St Joe Lead U S Smel Vanadium Amusem¢ Crosley Radio
ee. 26% 781% 24
«. 34% 30
Radio Corp Paramount! RKO
Warner Bros. . Tobaccos—
Am Sum Tob |. 2 Am Tobacty’ “a » 9914 Am Tobacg¢a B 101 Lig & Myers ‘B'.106%% Lorillard 23" B Philip Morris .. Reynolds Tob ‘B'. Rails— | Atchison
3 . 1813 . 92%
9 «29% 21
N > aw Haven 3% t & West 57% Norfolk = [West +
Union Pac i .... Wabash West Maryland.. Equipments— Am Brk Sos .e 30% Am Fer 3 Fdy. 2
2% 10%
Westingn Be ‘14350 Utilities—
Am & For Am Pwr &
Riedy Sa “aa
Pwr.
S11
Am Wat Wks Col Gas & Elec Comm &i . Consal CHS . Elec Pwr "Lit Int Hydro Fie Iuterboro R 1.
t Nat Pwr & Lit Lit.
a Ha we
Peoples Gas .... Pub Se ns J «v4 So Cal Edin .e Std Gas Stone & Webster Co :
Western Union. Rubbers— Firestone Goodrich Goodyear 1 U S Rubber'..... Us Rubber pid. Miscellaneous—
Allis Chalmers we Am Can ..J. ‘128% Am Mach & Pdy 23% Anchor Cap ve 18% Brkiyn\Man; Tr.. Burroughs Add . J I Cas
Contl Can 23% Caterpillar Tract 13 Crown = rki .... 78% Deere & Co 75 Eastman Kodak 175% Foster Wheeler... 35% Gillette ; 14Y Glidden Inter Harv . Natl Cash Reg, Owens Bottle .:. Rem Rand : .... 20
Underwood E ... 79 Worthingin Pmp 31% Foods—
Armour 8% pid in Beatrice | Cramy 207% Borden Prod 39%
«sa 41 Ale. 13%
9 8oRaAERGA EE Ea
Baten Were 2.NGR5SY
Fd »
Gn a 2 80, AR
ar a CN CO
n5h& ”- J
Ba XBV2 Fad
oJ
I Kelvinator
‘| prices marked continuation of the
i} [estate subdivision in Western
Allied Chem Am Com Alcohol i Com Solvents .. 18%; Du 157%
«ro 257% .. 41%; 35
US Indus Alchl. Drugs—
Bristol Myers Coty Inc
Financial—
Adams Exp /s Allephieny Corp. 41 Am Int Corp.... 117% Chesa Corp .... hman Corp .. Transamerica ... Tr Contl Corp.. Building— Am Radiator .... Gen Asphalt.... Holland Furnace 38k Int Cement . . Johns Manville i Libby Owens Gls 87% Qus Elev U 8 Gypsum . Ulen Cons Household—
Col Pal Peet.... Congoleum ...
Mohawk Carpet Proc & Gamble.. Servel Inc Simmons Bed.... Textiles—
Amer Woolen. ... Belding Hem.... Celanese Corp.. Collins Alkman.. 363s Gotham Hose .. a 91 9% Indus Rayon .... 32% Kayser Julius .. 25% Real Silk gE 11
263% 56 92 324
"10%
m COMMON STOCKS RECORD VALUE GAIN
10 of 13 Divisions Record Advance in Month.
Times Special NEW YORK, Sept. 5—~The market value of 100 representative common stocks recorded the usual Au-
gust increase with a gain of $267,738,000, or 1.2 per cent for the month, according to the monthly compilation issued by Frazier Jelke & Co. Not since these statistics first were compiled 10 years ago has the index recorded a decline in August, except in 1930, when a nominal setback. of seven-tenths of 1 per cent was shown. The further improvement in rise that has persisted since April, 1935. In only one of the last 17 months has the valuation of common stocks failed to show an increase. Ten of the 13 divisions recorded advances in the last month, the three showing declines being the oils, motors, and miscellaneous industrials. The last named group dropped less than 1 per cent. The largest gain was recorded in the steels, which rose 11.2 per cent. The railroad equipment and electrical equipment groups, representing heavy industries, also made forward progress, with gains of 7.8 and 5.9 per cent, respectively.
BIG SCALE HOUSING PROGRAM STARTED
Times Special NEW YORK, Sept. 5.—A $2,000,000 housing program for the erection of 350 homes to be sold at cost to | employes of International Business Machines Corp. in the Endicott, N. Y. plant, was announced today by Thomas J. Watson, president. Under the plan of the Federal Housing Administration, the homes are to be built ten at a time, with the first group now being under way. Six®of them have been purchased and requests number 134, Mr. Watson said. The entire program is expected to require two years for completion. The development is to occupy 84 acres in the town of Union, adjoining Endicott, and is the largest real New York to be approved by the Federal Housing Administration, according to the report.
BETHLEHEM STEEL NEARS 1929 PEAK
Times Special NEW YORK, Sept. 5—Net billings of the Bethlehem Steel Corp. rose substantially during the first six months of this year, it was reported in Wall Street today. Indications of the continued good business activity lead observers to believe that total billings for the year may reach the highest point since the record year of 1929, which netted $342,516,207, it was reported. First half net was $123,484,600, which fell only $69,351,548 short of the aggregate for all of last year. Billings amounted to $168,207,394 in 1934, it was stated, while the total in 1933 was $120,944,984. The lowest level was attained in 1932 when billings were $100.672 ,389.
Investment Trusts
(Reprinted From Late Times Yesterday) (By Thomas D. Sheerin & Co.)
Bid Asked Administered nd n ...... Affiliated Fund, Ceirrs os 1. 3 American Eh Shares «+ 118 Broad Street Investing «eo 33.12 Buliack Fund, Lt « 19.25 tury Shares Trust 26.67 Corp CAA” or “Acc” (mod). 3.54 Corp ‘AA’ or “Acc” funimed) Corp Trust, Shrs (orig) ) .. Diversified Trst Shrs "“B”.. ‘Diversified Trst Shrs “CC Diversified Trst Shrs “D” .. Dividend Shares, Inc General Investors Trust .... Incorporated Investors ... *Investors Fund Amer Market St. JMaryland Se nd assachuse Investors Mutual Investment
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———————————— CASH DIVIDEND DECLARED Times Special | HAGERSTOWN, Sept. 5.— The
Bulls, good
CONTRACTS FOR
—!| ENGINEERING AT
HIGHER LEVELS
August Awards Are Heavier Than for Any Month Since January.
Times Special NEW YORK, Sept. 5.—Engineering construction awards in August were heavier than for any month since January, Engineering NewsRecord reported today. The total for a four-weeks’ month is $192,317,000, or an average of $48,079,000 per week, compared with the average week to date from Jan. 1 of $44,008,000, the publication said. The gain is in Federal and other public work. The total is made up of private awards, $41,455,000; public, $150,862,000, of which Federal is $56,372,000, and state and municipal, $94,490,000. Corresponding values a year ago, but for a five-week month, are: total, $158,057,000; private, $32,196,000; ‘public, $125:861,000; Federal, $63,005,000, and state and municipal, $62,856,000. Streets and roads awards were heavier than for any month in over three years, averaging about $12,- . Building awards heavier than a dropped back from
buildings, while: industrial building awards have held for three months at a $5,000,000 per week average. Geographically, Middle Atlantic and west of Mississippi continue the best gains over last year, with South and Middle West establishing strong gains since June. New England continues on the even tenure of its way and Far West shows a moderate gain over last year.
Local Livestock (Reprinted From Late Times Yesterday) HOGS: Bulk.
$11. el .45
Avg, 5% 28.
29. Fr t ep 1. 2. 3. 4, 11. Leg. 50
Light Lig (140- 160)" Good Mediu
Lightweights— ih 180) Good and
Reel ios
1200 6000
6000 4000 5500 6000
nd choice..$ 3.5081. 10
[email protected] choles. « 10: 11.20 11.00
bd =y=1
ig ‘Medium Wei eights (200-220) Good and (220-250) Good and Heavyweigfhts— (250-290) Good and (290-350) Good and
choice. .
cholce.. choice..
bed eh fd pd
OD MUU Om Wh moms S38 HBHR ST 3% 3383
(S)]
Tis —Receipts, 700— (550-900) Goo
Cc (900-1100) G
Common «.vecesces
(1100-1300) Sholce
tesesnavsee
M (1300)
HEARD ARRD RNID San335333843 029303099900 POROOANLORI0D S338a533a8a3a
(550-750) Cholde « Good
Common, medium. Good and shojce . Common, mediu
(750-900)
Common and medium ... Low cutter and cutter
and med. bulk.. Vealers —Receipts, 600—
Sood and choice Medi
Land QUoowm
FowAa S0an© ~IO~3 ~N a Jon aN
Cutter, com.
= POS 3383
(250-500) Sood and choice..$ 7. Common, medium. 5. Feeder and Stocker Cattle (500-800) com, and cho and me (800-1050) Good and cho Com, and medi
82 “1% 83
09 P90 0° 68d
=a S=1ns3 Soa Kou
GOO... .. iri eid. $ Common and medium
SHEEP AND LAMBS ~—Receipts, 2500—
ve sa
Lambs— Choice Good ... Medium
Ta
= Ano as 28383 Qe S00 NW ave
© ot
. . .
n
(90-170) Good and cholce.. m. and medi o(Sheen and lamb quotations
338 2388
on
Other Livestock
(Reprinted From Late Times Yesterday) (By Vatfeg Press)
CHICAGO, Se opt, — Hogs—Receipts, 7000, including 00 Set market, uneven, mostly steady; ts s. hade Jower than Thursday's averse; hts stronger; top, 3 350 bs., $5 25@11. 45; 25 “300 bs, Te AR $10.85@ 35; best sows, $10 .1 1 sh Sows: 3 1500; calves, 500; very few fed steers on sale; ‘nighest price’ paid on about 1200-1b. cattle, $9.50; ht yearlings brought $9.25; practica hin steady to strong at week’s advance: demand on all grades of she ek. 5 pecially light he e at full advance or week; stocks and feeders, steady; slow but unchanged; ns steady at
$9.50 down. ts. direct: fat Iney ey Ic aie native and ran je lambs,
igher; to .35; most natives, [email protected]; western, $io. [email protected]; bulk of outside; fully two loads choice’ yearlings, $9; most sheep unsold; feeding lambs Soar ree.
FOR AYNE, Set Sige: Market saios My Hai00 1bs., ul? 75; 180-200 1 $11; 200-225 lbs., $11.20 250 Ibs. P81. 30; 250-275 lbs., $11. io, s300 lbs.’ $10.
: "300-350 $10.6 150-160 lbs.. $10; 140-150 Ibs., $9.75: 130-140 Bb $9.50: 120-130 1
$925: 1 9° Joughs, $9.50
o
b
— Recei
ox120 lbs., $9; 8.50; BD $7; calves, $9.50; (By Times 8pecial)
UISVILLE, t. 4.—Cattle—Rece! ts, 3500 all classes ughter ttle »
lacemen Diatay
$9.50 comptes B08 fron vo eight vealers; othe ir. Sowhward from $9; mi um aro ah 7.50; few Wi rs aroun Pe including 110 direct; market, 5¢ h $11 for better ‘130. 250 Ib. $10.40 100s Ibs. and $9.95: STS ibs., $10; 120140 Ibs. .38; 0; unfinished butcher quotable $2 or more under better : lambs, fully : som rices; better hd De Taallos mostly around $7.50@9; to $5; scattered
regular quarterly cash dividend of 162,000
rate as do public. :
I cattle open fully steady; undertone. ig se raat Ma
een sorts Jove: fades d ward
LOCAL INSURANCE
MEN WIN AWARD
Indianapolis was awarded second prize for the scope and effectiveness of the local publicity program in the national “Life Insurance
Week” last May, S. T. Whatley, H
artford, Conn. national chairman
for the “week,” has announced. This city won first award in 1935. Pictured above is D. Earl McDonald, president of the Indianapolis
Association of Life Underwriters,
congratulating the local general
committee who directed Life Insurance Week activities here last
spring. Left to right: Donald; Howard E. Nyhart, general president of the association and exand Edward A. Krueger, vice genera
William H. Meub, vice chairman; Mr. Mec-
chairman; James L. Rainey, past -officio member of the committee, 1 chairman for publicity.
N. Y Bonds
(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Average Equals 100)
20 60 Util: Bonds 105.8 98.8
*New high. (Copyright, 1936, by Standard Statistics)
U. 8. GOVERNMENT BONDS (By Abbott, Proctor & Paine) Treasurys
Close. 3 las 1047-52 119.9 1944-54 1946-56 .....
®rsvssstesnsssae
Home Owners Loan Corp vase Sererne joad
103. 29
105.14 104.50
& § Fe vi “48. se
7 Cleve Un Term ss mr’ Col Gas 5s May '52 2 Col Gas 5s A Tl 52 fiiiiiali108% Col Gas 5s ’ 104% Can Pac Perp 45 coiceeseens. 96% 60 ...ccc000000e -101%
sesmsnne sesenss
67 Grt Northern “G” 4s ’46 Grt Northern ‘‘H” 4s
[11 Cent Jt “3s 11 Cent 5s ; nterboro Rapid Trans 5s 66 . nterntl Hy Elec 6
-6s 4 Nor States Pow 5s New Orleans es 4s ’55
5s 17 . Third Ace Adj 58 '60 .ccvvees. Union Pac 4s '47 ... .
Warner Bros 6s Yesiern Jnion Sg 60 oungs ne Youngstown S&T als 8] ..1
Argentina A 6s rgéniihe das
= DO 300 i Oe FESS
Unlisted Stocks (Reprinted From Late Times Yesterday)
(By Bly & Co.) NEW YO STOCRS
Continental ..... *Guaranty ......
ssssssssessantRan, “senses snsnssssssesans
Fire *Ex-dividend.
RATHBONE NAMED "HEAD By United Press
57% Ya
Mes essssnnen
PARKING METER
DEMAND NOTED
Survey Says: Many Cities Interested in’ Plan.
Times Special CHICAGO, Sept. 5—Automobile parking meters are being adopted
‘so rapidly by large and small cities
to solve business section parking problems that the foundation is being laid for another major industry, a survey by O. D. Jennings
Co. indicates.
Sixty-one cities already have or are planning to install meters, and inquiries are being made by numerous other municipal officials trying to solve traffic problems. A new meter is being developed by the Jennings Co., which will permit, if city officials wish to use the system, payment of over-time
parking fees in advance, allowing car owners to leave their automobiles for long periods in certain districts without returning to pay additional fees. The new machine permits payment of three intervals in advance.
WORLD TRADE RISES IN. TERMS OF GOLD
Times Special GENEVA, Sept. 4—The gold value of world trade in 1935 rose 1.9 per cent above the preceding year, the first gain since 1929, largely as result of improvement, in the foreign trade of the United States, the annual review of the League of Nations said today. “Extension of the foreign trade of the United States in 1935 probably was one of the most important single factors influencing revival of world trade in that year,” the review said.
BIDS ARE ASKED ON DETROIT BOND ISSUE
Times Special DETROIT, Sept. 5—A call for bids on $19,952,000 bonds to be sold Sept. 14 was issued today by the city of Detroit, through John N. Daley, controller. The offering is to consist of $15, 782,000 non-callable refunding bonds (general), maturing 1937- -1962; $819,000 non-callable refunding bonds (water), maturing 1937-1962, and $3,351,000 non-callable refunding bonds (street railway), matur. ing 1938-1947.
New Bond Issues
(Reprinted From Late Times Yesterday) (By Lyons & Co.) Ask. Allied Stores 41s BY... 0.100 os reansas Gas 4s ’'5 fssociaten Tels : 100% B & O 4%s Cal Oregon Tone: 45 66 ... Central Maine 4s i Sentral Tir 31s og s Sincy Cas 5.5 Ele ec Fl 66 .. Chicago West In es '62 ica¢o Un Station 3Yas '51..
Cleveland Tractor 5s "45 ...
Columbus Railway 4s ‘65 .... saxraadQ
ahy Pkg 4s '50 1 Edison Illum Boston 3%%s ’65..107 Gen Motors Ac Corp 3s '46 ...1 Gen Motors Ac Corp 3Yss *51.. jadisnapolis ate} r 3} ya - owa u tilities 5Ys '50..105 Kansas PL 4%s "65 .. eles G & L 4s '70 ... Louisville G & E 3 86 ....} Lou & Nash G & B 4s "70.... 96 McCrory Stores 5s . Metro Ed 4s ’65
.108 Power 3s ‘66 -.103 Js "80 10874
PRICE INDICATOR OF WHOLESALE £0008 AT PEAK
Commodity Index Rises to Highest Mark in 61% Years.
Times Special NEW YORK, Sept. 5.—In spite’ of the relatively small increase over the preceding month, the wholesale commodity price index for Sept. 1 rose to its highest mark in six and a half years, Dun and Bradstreet re«
ported today. As a result, the Sept. 1 index reg= istered $182,498, which was .03 per cent above the Aug. 1 recording of $181,878, and compared favorably with the $184,426 peak of Feb. 1, 1930. While this represented the third consecutive monthly gain, it contrasted with an advance of 5 104 on July 1 and $3,638 on Aug. , the report said. 5, te new peak exceeded the 1935 comparative of $170,859 by 6.8 per cent and compared to the 1934 simi« lar position at $169,188.
Three Advances Noted
Since the beginning of the current year, when $178,063 was recorded, the indicator advanced $4,435 or 2.5 pes cent, it was reported, while the increase since July 1, 1932, when the number had declined to $125,316, the lowest point in 17 years, amounted to $57,182, or 45.6 per cent. Contrasting with the preceding month's situation when advances were made in four of the seven major categories, only three were noted in the latest compilation, the report said. Of the four remaining groups, three dropped and the other was unchanged from its previous status. Neither the gains nor the losses were so wide as for the month pre ceding.
Garden Group Slumps
Breadstuffs continued to dome inate the rises, showing a lift of $2.22 and raising its index to $32.701. This offered a gain of $8.325 or 34.2 per cent over the 1935 comparative of $24.376, it was shown. This was almost a seven-year high, as it was a peak for this group since Jan. 1, 1930, when it reached $33.801. Meats rose to $18271 from $18.030 the preceding month. The dairy and garden group slumped for the second consecutive month, showing a loss of $1567, which "reduced it to $20.509, the lowest point noted since May 1. However, the level was still ahead of that for the corresponding month last year at $18.162, the report said. The clothing and miscellaneous groups scored slight decreases, while metals remained unaltered and the ot food group advanced noticeably.
CAR LOADINGS SHOW MARKED INCREASES
WASHINGTON, Sept. 5. — The Association of American Railroads announced today that loadings of revenue freight for the week ended Aug. 29 totaled 753,742 cars, an increase of 18,769 cars above the pre= ceding week and 72, ,894 cars above the corresponding week in 1935. Grain and grain products loadings totaled 36,556 cars, a decrease of 3250 cars below the preceding week and 8020 cars below the correspond ing week of 1935. Livestock loadings totaled 15,819 cars, a decrease of 117 cars below the preceding week, but an increase of" 1617 cars above the same week last year. j
Local Securities printed From Late Times Yesterday)
r Indianapolis Bona and Share Corp.) e follow quotations do not repree actual bids or offerings, but merely dicate the approximate market level ed on buying and selling iries or nt transactions.
BONDS
Ind Tel (T H) 4328 '61.. el & Tel Pt W 5s
lrac Terminal Co 5s '57 . Indpis Water Co 2s 68 ..... STOCKS
AB C Brewing Co com ...... Rail 8 Y com
Sh fd 7 0 nd H5dro e Co 6s P 8 Ln
BEINN 2.
Fo
—- od —
Ind pfd 7s 57 Booth Ind Gas & Blec pfd 6s .102% Union Title Co com 20 T H Electric
Daily Price Index
(Reprinied From Late Times Yesterday) {By United Press) '
es, 930-1932 average 100): - ~—Today, 131.90— Yesterday .... 131
Real Mortgages
WE SOLICIT APPLICATIONS FOR FIRST MORTPREFERRED
fag LOANS ON
; RATES
INDIAN. ERTY. CALL AND SEE US ABOUT AND LIBERAL PA
W IN.
TERMS. NO COMMISSION.
| THE INDIANA TRUST iz,
CAPITAL